1. THE PARTIES. This Payment Installment Agreement (“Agreement”) dated from the date of the Debtors purchase, is Between the debtor linked to this agreement and Vertex Investing, Benjamin Cheung and Tanzin Ahmed.
HEREINAFTER, the Debtor and Creditor (“Parties”) agrees to the following:
2. BALANCE. At the time of this Agreement, the Debtor owes the Creditor the amount of One thousand and eight hundred Pounds (£1800)
3. REPAYMENT PLAN. To satisfy the Amount Owed, the Debtor agrees to repay the Creditor under the following terms: a.) Repayment Period. The Debtor shall re-pay the Creditor on a: ☒ - Monthly basis beginning on date of purchase in the amount of £450 to be paid every month ending when the Amount Owed is paid-in-full which is 4 months. b.) Payment Instructions. The Debtor is required to pay the Creditor under the following instructions: PayPal automatic direct payments. The debtor agrees to not cancel the subscription, or this will lead to a breach in the agreement.
4. LATE PAYMENT. Any partial or late payment under this Agreement shall: - Not be allowed and consider the Debtor in default.
5. CO-SIGNER. This Agreement shall not have a Co-Signer.
6. DEFAULT. If for any reason the Debtor should not oblige to any section or portion of this Agreement, the Debtor shall be considered in default. Under such an event, the remaining balance of the Amount Owed +50% interest shall be due within five (5) business days with the Debtor liable to pay all reasonable attorney's fees and costs of collection of the Creditor. In addition, the Creditor may reclaim any property or goods in connection with the Amount Owed, hold and dispose of the same, and collect expenses, together with any deficiency due from the Debtor, subject to the Debtor's right to redeem said items pursuant to law.
7. SEVERABILITY. The unenforceability or invalidity of any clause in this Agreement shall not have an impact on the enforceability or validity of any other clause. Any unenforceable or invalid clause shall be regarded as removed from this Agreement to the extent of its unenforceability and invalidity. Therefore, this Agreement shall be interpreted and enforced as if it did not contain the said clause to the extent of its unenforceability and invalidity.
ENTIRE AGREEMENT. This Agreement contains all the terms agreed to by the Debtor and Creditor relating to its subject matter, including any attachments or addendums. This Agreement replaces all previous discussions, understandings, and oral agreements.
Debtor’s Signature: Signed Automatically on date of purchase.
Creditor’s Signature: Vertex Investing – 30/11/2020