Ambassador INCOME TERMS
This Addendum to Business Introduction Agreement (this “Addendum”) is entered into as of November 21, 2018 by and between Palmetto Solar, LLC, a Delaware limited liability company (“Palmetto”), and Nathan Traynor(the “Introducer”).
This Addendum is entered into pursuant to Section 2.1 of that certain Business Introduction Agreement 1/17/2019 (the “Agreement”) between Palmetto and Introducer. All provisions contained in the Agreement are hereby incorporated herein to govern this Addendum, except as expressly modified hereby. In the event of any inconsistency between the provisions of this Addendum and the Agreement, this Addendum shall prevail for the purpose of the applicable Referred Client.
The Introducer desires to make an Introduction of a Referred Client pursuant to the Agreement, and in consideration for making such Introduction, Palmetto has agreed to pay to the Introducer a capital introduction fee (the “Channel Partner Introduction Fee”) as defined in the schedule below. Note, commission is paid after projects reach “Installation Complete Approved” status in SalesForce. Commission is fixed at $1,000 per deal.
The name of the Referred Client and the contact details of such Referred Client (including the contact Person’s name) shall be provided by the Introducer to Palmetto using the form attached hereto promptly upon the full execution of this Addendum by both parties. The Introducer’s failure to so provide the form to Palmetto shall render this Addendum null and void ab initio with respect to such Referred Client. Furthermore, if Palmetto shall notify the Client that such Referred Client is a Non-Qualifying Client pursuant to Section 2.2 of the Agreement, than this Addendum shall also be null and void ab initio as to such Referred Client.
Except as expressly amended or supplemented by this Addendum, the Agreement is and shall be unchanged, and all of the terms, provisions, covenants, agreements, conditions, annexes, schedules and exhibits thereof or thereto shall remain and continue in full force and effect and are hereby incorporated by reference, and hereby ratified, reaffirmed and confirmed by the Parties in all respects on and as of the date of this Addendum.