Intent to Use
Terms – The basic terms of the agreement the Parties contemplate entering into are as follows:The Parties agree to enter into a formal contract within 60 days of their signing this LOI.The initial time period for the contract is twelve (12) months.hVMC agrees to provide one (1) marketing kit to Venue once the formal contract is executed.hVMC agrees to lease a karaoQ kiosQ to Venue once formal contract is executed, when and if Venue requests to have the kiosk, at a cost of $50/month per kiosk.Venue agrees to pay $50.00 for each additional marketing kit beyond the initial marketing kit hVMC provides at the onset of the formal contract.The Parties agree that hVMC will receive a 25% fee for each monetary transaction initiated via the karaoQ app. These in-app monetary transactions include, but are not limited to drink sales, tickets, paid promotions, contests, mobile tips to DJ, mobile bumps, such as moving up in the queue — e.g. pay-to-skip, and pay-to-sing cover charge.hVMC agrees to pay the monetary transactions’ processing fees out of the 25% fees it receives.Venue agrees to provide PayPal account or ACH information to hiVolume’s preferred merchant BrainTree Payments (a PayPal company). BrainTree Payments will process and provide 75% of all mobile transaction payments received directly to Venue’s PayPal account within 3-5 days, to allow sufficient time for processing. Venue’s split will not be held in escrow or in any internal account belonging to hVMC.Venue will allow hVMC to market/advertise/promote the Venue or its mobile karaoke setup via the hiVolume Media Company, Inc. umbrella, including karaoQ, the karaoQ mobile app, website, or via social networks.Venue agrees to display some or all of the karaoQ promotional material, e.g., table-toppers, DJ booth signage, window/door vinyl decals, karaoQ songbook prop, for a minimum of twelve (12) months, pursuant to terms the Parties agree upon in the formal contract.As a part of entering into the formal contract, the Venue will be required to sign and comply with hVMC’s Confidentiality/Nondisclosure Provisions.If the foregoing terms and conditions are acceptable to you, please indicate by initialing each page and signing the enclosed copy of this letter and returning it to my attention at hiVolume Media Company.
Before or at the time of collecting personal information, we will identify the purposes for which information is being collected.We will collect and use of personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes, unless we obtain the consent of the individual concerned or as required by law.We will only retain personal information as long as necessary for the fulfillment of those purposes.We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned.Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes, should be accurate, complete, and up-to-date.We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access, disclosure, copying, use or modification.We will make readily available to customers information about our policies and practices relating to the management of personal information.We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained.