Exhibit 10.1
AGENCY SALES AGREEMENT
This agreement is made and entered into by and between INTERSTATE MOTOR CLUB, INC., a Georgia corporation, hereinafter referred to as " Club," and The Money Tree, Inc. , hereinafter referred to as " Master Agent," and the parties covenant and agree as follows:
1. CONSIDERATION: The consideration for this agreement is the mutual promises and benefits contained herein, the sufficiency of which is acknowledged.
2. APPOINTMENT: The club hereby appoints Master Agent as its agent in the following territory: N/A . In no manner shall the territory be considered as exclusive territory by Master Agent.
3. MASTER AGENT AUTHORITY: Master Agent and its Sub-Agents (if any) will solicit and sell memberships in the Club and the Agents will use only those applications, membership certificates, advertising materials, forms and business solicitation materials provided by the Club. After receiving a signed application and membership fee along with any other required document, Agents may bind Club to the buying member for the benefits in the membership certificate.
4. MASTER AGENT AGREES: During the term of this agreement (a) to comply with all state laws pertaining to the sale of a motor or auto club membership; (b) to comply with the sales policies of the club as stated in the Sales Guide; (c) to not compete in the territory during the period of term hereof by selling or offering memberships in any other auto or motor club; (d) to keep the terms of this agreement, all forms and supplies, and information made available to agent strictly confidential; (e) to keep safe and account all monies coming into agents hand belong to Club; (f) to extend no credit on behalf of or in the name of the Club; (g) to make no promises or contracts in the name of the Club concern ...
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