Non-Circumvention Agreement

Effective Date: 1^st July 1, 2024

Introduction

Welcome to Gruvest. This Non-Circumvention Agreement (“Agreement”) is between Gruvest (“Facilitator”) and you, the undersigned (“Participant”). This Agreement protects the Facilitator’s business interests and ensures the right to receive commissions on real estate investment transactions initiated or facilitated through our platform.

Purpose

The purpose of this Agreement is to prevent the Participant from circumventing the Facilitator’s services and engaging directly in transactions with entities introduced by the Facilitator without prior written consent.

Agreement Terms

• Non-Circumvention: You agree not to bypass, avoid, or circumvent the Facilitator directly or indirectly to engage in or conclude transactions with introduced entities using different brokers or intermediaries.
• Confidentiality: You must maintain the confidentiality of all disclosed investment opportunities, financial information, developer details, or other proprietary information. Disclosure to third parties without prior written consent from the Facilitator is prohibited.
• Duration: This Agreement remains effective for 24 months from the date each investment opportunity is disclosed, with the possibility of extension through written amendment.
• Circumvention and Remedies: In case of circumvention, you are liable to pay all due commissions, plus any additional damages or legal fees incurred by the Facilitator.
• Affiliates and Subsidiaries: This Agreement also applies to any affiliates, subsidiaries, or related entities of the Participant to ensure comprehensive non-circumvention.

Governing Law and Dispute Resolution

• Governing Law: This Agreement is governed by the laws of Hungary.
• Negotiation: Parties agree to resolve disputes first through good-faith negotiation.
• Mediation: If unresolved, disputes proceed to mediation in Budapest, Hungary with a mutually agreed-upon mediator.
• Binding Arbitration: Unresolved disputes will be settled by arbitration in Budapest, Hungary, according to the rules of the Arbitration Court of the Hungarian Chamber of Commerce and Industry.

Acceptance

By clicking “Accept,” you acknowledge reading, understanding, and agreeing to be bound by this Agreement.

[ ] Accept [ ] Decline

Contact Us

For any questions or more information about this Agreement, please contact us at support@gruvest.com or visit www.gruvest.com.