MBE Terms and Conditions

Any purchase shall be charged through MBE, which issues monthly statements. Buyer shall present a Trade Draft at the time of purchase and announce they are MBE members to the seller. Any purchase shall be approved by MBE prior to purchases and have an authorization number. Otherwise MBE may refuse to issue an authorization number approving such transaction. MBE may refuse to issue an authorization number for any of the following reasons o a. If buyer does not have sufficient trade dollars to make a purchase or is otherwise not in good standing. o b. If a buyer has any outstanding cash service charges over 30 days past due. o c. If the transaction is disputed by either party and written notice has been received by MBE. o d. If either party fails to conform to these rules, members attempting to circumvent those rules while trading with another member may have their memberships terminated. All invoices must be signed by buyer and retained for proof of purchase. Failure to do so places responsibility for the bill on the seller and not on MBE. Seller shall furnish goods and services at regular, prevailing prices, plus applicable taxes, for 100% barter dollars through MBE unless preauthorized by MBE. Seller is responsible for obtaining Authorization Number from MBE on all purchases prior to merchandise release and completion of service. Purchases are limited to members accrued barter dollars unless secured by collateral and approved by MBE. Members may authorize MBE to collect initial fees, cash services, charges due, and renewal dues through members Visa, MasterCard, American Express or electronic money transfer. Members may request their account be placed in Standby status at any time EXCEPT when account is in a deficit position. MBE makes referrals only to those products or services offered by member and available at the time of referral. MBE may be used in the manner and for the purposes set forth in these rules. Barter dollars shall not be considered legal tender, securities to commodities nor converted to cash. Members should consult their own tax advisers for appropriate tax treatment. MBE is third party record keeper acting as a clearinghouse, which debits or credits except as specified in these rules. Transactions between members are entered into voluntarily. MBE is not responsible for the utility, timely delivery, warranties or any other problems, which arise with respect to goods and services, traded by members. MBE is not responsible if a member cannot find specific products or services. Declaration and reporting of all applicable taxes resulting from trade transactions rests solely with member. Members must report to MBE any discrepancies in monthly statements within 20 days of receipt; otherwise the statement will be deemed correct. If a member fails to pay service fees or any other charge to MBE within 30 days of billing, MBE may charge member interest on outstanding balance at a periodic rate in interest as maybe noticed to member from time to time and suspend members trading privileges until the charges are paid. Should the charges remain outstanding beyond 60 days of billing, MBE may terminate the delinquent members account. MBE may terminate a members membership for any violation of MBE rules, as amended by written notice to member by certified mail. In the event of termination, MBE may, in addition to such other rights as it may have, do any or all of the following: o a. Suspend trading privileges if there is a MBE positive trade balance in a members account until such time as any cash service charges are paid in full. Thereafter, all credit due member must be spent for goods and services within 90 days. o b. Suspend trading privileges if there is a deficit credit balance and demand member pay the balance in full within 30 days, either in goods or services acceptable to MBE or in cash. Should a member fail to honor and accept purchases from another member, member shall be in material breach of these rules. Member acknowledges if this occurs, MBEs business relationship with member whose account was not honored will be damaged. In such event, MBE may terminate such membership. MBE may modify rules for accepting members at any time. MBE may modify these rules should the amendment be for the benefit of the exchange. MBE shall give 10 days prior notice of such amendment. Acceptance by the members shall either in writing or, by failure to give MBE written objection thereto within such 10 days. A member shall have the right to resign its membership if it objects to the amendment adopted by MBE. MBE reserves the right to change dues and cash charges from time to time. Members will receive 10 days written notice of any change in dues and fees. MBE members may cancel this agreement at any time

after 10 days written notice. Upon cancellation, all trade dollars due member must be spent for goods and services available through MBE within 90 days. Outstanding balances due MBE shall be paid within 30 days, either in goods or services acceptable to MBE or Cash. MBE may permit members to trade in excess of barter dollars in MBE members accounts. Extension of credit is sole discretion of MBE. While MBE considers itself to be primarily liable to MBE members for defaults by such credit account, there remains a potential risk of loss to members if MBE is unable to meet its obligations. If legal action is taken by MBE against a member to enforce this agreement, MBE may recover attorneys fees, costs and interest at the rate of eighteen (18%) percent per annum from the date of default until payment. MBE will charge 1% carrying charge in trade on any negative trade balance per month. This contract automatically renews at the discretion of MBE every year, unless otherwise informed by member at least 10 days prior to anniversary date.

Understanding these conditions Please pay your membership fee below