FORWARD CONTRACT CONTRACT FOR FORWARD PROFIT DATED JUNE 1, 2009
Exhibit
99.1
CONTRACT
FOR FORWARD PROFIT
DATED
JUNE 1, 2009
1. PARTIES.
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Seller:
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FORWARD
PROFIT INVESTING LLC, 00 Xxxxxxxxx Xxxxx,
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Xxxxxxxx,
XX, 00000. Phone no. 000.000.0000. Fax no. 000.000.0000
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Buyer:
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XXXX XXX, 000 Xxxxx
Xxxxxx, Xxxxxxxxx, XX 00000
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Phone no.
000.000.0000. Fax no.
000.000.0000
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2. DESCRIPTION
OF PROFIT.
Buyer
agrees to purchase two days of the net Profit generated by a property (“Profit”)
that is owned or will be purchased by a subsidiary of Forward Profit Investing
LLC. It is expressly agreed between Buyer and Seller that the value of the two
days of net Profit at the date of the signing of this contract will be $300. It
is also agreed that at the end of this contract the value of the two days will
be $327.00. At
the settlement of this contract the Seller will pay the Buyer its principal
investment of $300 plus the increase in the value of the net Profit for the two
days it has agreed to buy. This difference is agreed to be $27, or a 9% return on
investment for the time period of the contract.
3. CONTRACT
PERIOD.
This
contract is entered into on June 1, 2009 and will
expire on June 1,
2010. The two days of net profit that will be purchased by the Buyer will
occur sometime between May 1, 2010 and June 1,
2010.
4. DEPOSIT.
Buyer
agrees to pay $300.00 to Seller as a deposit on this contract.
5. SUBSIDIARY.
It
is hereby agreed that a wholly owned subsidiary of Forward Profit Investing LLC
named GAB FPI
LLC does own or will purchase a multi-family investment property located
at 000 Xxxxx Xxxxxx xx
Xxxxxxxx, XX that will be the primary source of the net profit upon which
this contract is based. At any time, the management of Forward Profit Investing
LLC may transfer the obligations of this contract to a different subsidiary that
owns or will purchase a different property. Buyer will be provided written
notification within 30 days of such a transfer if it is during the contract
period.
6. SETTLEMENT.
On
the last day of this contract, the Seller shall settle the contract and deliver
to the Buyer the Profit agreed to in Section 2.
7. TERMINATION
OF CONTRACT.
This
contract may not be terminated by either party.
8. LIMITATION
OF LIABILITY.
In
no event shall Seller be liable for any special, indirect, incidental or
consequential damages arising out of or connected with this Agreement or the
Profit, regardless of whether a claim is based on contract, tort, strict
liability or otherwise, nor shall Buyer's damages exceed the amount of the
purchase price of the Profit.
9. TAXES.
Buyer
shall pay as appropriate any capital gains, income, or other tax imposed or
levied with respect to the payment on the settlement of the Contract. In no
event shall Buyer be responsible for any tax imposed upon Seller based upon
Seller's income or for the privilege of doing business.
10. NOTICES.
Any
notice required by this Agreement or given in connection with it, shall be in
writing and shall be given to the appropriate party by personal delivery or by
certified mail, postage prepaid, or recognized overnight delivery
services.
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Seller:
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FORWARD
PROFIT INVESTING LLC, 00 Xxxxxxxxx Xxxxx,
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Xxxxxxxx,
XX, 00000. Phone no. 000.000.0000. Fax no. 000.000.0000
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Buyer:
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XXXX XXX, 000 Xxxxx
Xxxxxx, Xxxxxxxxx, XX 00000
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Phone no.
000.000.0000. Fax no.
000.000.0000
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11. GOVERNING
LAW.
This
Agreement shall be construed and enforced in accordance with the laws of the
State of New York. Any claim may only be enforced in the courts of the State of
New York.
12. FINAL
AGREEMENT.
This
Agreement terminates and supersedes all prior understandings or agreements on
the subject matter hereof. This Agreement may be modified only by a
further writing that is duly executed by both
parties.
13. SEVERABILITY.
If
any term of this Agreement is held by a court of competent jurisdiction to be
invalid or unenforceable, then this Agreement, including all of the remaining
terms, will remain in full force and effect as if such invalid or unenforceable
term had never been included.
14. SECURITY.
This
contract is a security as defined by the Securities Act of 1933. It is being
offered subject to the rules and regulations of the S1 Prospectus of Forward
Profit Investing LLC as registered with the SEC on May 5, 2009 under
registration #xxxx-xxxxxx.
15. HEADINGS.
Headings
used in this Agreement are provided for convenience only and shall not be used
to construe meaning or intent.
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written.
____________________________________
SELLER
- FORWARD PROFIT INVESTING LLC
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BUYER
- XXXX XXX
