Leaders Investment Centre

Schedule of Registration Fees & Costs

Registration as an "Registered Member" requires payment of fees to International Leaders Pty Ltd ABN 71 084 064 746 ("IL") for the services provided which include – receipt and processing of the "Registered Member" anonymous profile; uploading and maintenance of the "Registered Member" anonymous profile on the www.LeadersIC.com website during the term of this Agreement;  facilitating cross-matching with Registered Investors; introductions to investors expressing interest through the online matching service on the www.LeadersIC.com website. Details of the fees are set out below:

  • Initial Members Registration and first 12 months subscription as a "Registered Member" – AUD $900 (+GST) with 1 change to the profile during the subscription;
  • Renewal fee due upon 6 month anniversary as a "Registered Member" – AUD $600 (+GST) (The Renewal fee is only payable if the Registered Member wishes to register for another 6 months), with 1 change to the profile during the subscription;
  • Introduction FeeFor "Capital Raised"; "Debt Raised" or "Merger/Acquisition/Sale/Exit" (see definitions below) as a consequence of introductions, arising directly or indirectly, from registration as an "Registered Member" on the Leaders Investment Centre – The Introduction Fee will be calculated at the rate of 5% for the first $1million, 4% for the second $1million, 3% for the third $1million, and 2% for all amounts thereafter. Where a transaction is completed in a currency other than AUD, the figure will be converted into AUD before calculating the Introduction Fee. This conversion will use the exchange rate of the day the transaction occurred. The Introduction Fee will be calculated on the total amount of "Capital Raised", "Debt Raised" or "Merger/Acquisition/Sale/Exit" as applicable. This fee is payable upon receipt of "Capital Raised", "Debt Raised" or "Business Sale" by "Registered Member".

In determining the amount of "Capital Raised", "Debt Raised" or "Merger/Acquisition/Sale/Exit", the following amounts shall be taken into account:

  • all "Capital", "Debt" or "Proceeds of Sale" received by or paid for acquisition by "Registered Member" during the term of this Agreement and pursuant to this Agreement including any extension thereof;  and
  • all "Capital", "Debt" or "Proceeds of Sale" received by or paid for acquisition by "Registered Member" pursuant to this Agreement during the period of twelve (12) months after the expiry of this Agreement including any extension thereof, where such funds are received from sources introduced to "Registered Member" through or as a result of registration as an "Registered Member" with , or with whom introductions, discussions and/or negotiations were held in respect of Capital Raising, and/or Debt Funding and/or Sale of Business by "Registered Member", through or as a result of registration as an "Registered Member" with Leaders Investment Centre during the term of this Agreement, including any extension thereof; and
  • all "Capital", "Debt" or "Proceeds of Sale" received by or paid for acquisition by "Registered Member" from sources introduced to "Registered Member" through or as a result of registration as an "Registered Member" with Leaders Investment Centre who have committed to commence or have commenced due diligence on "Registered Member" as at the date of expiration of this Agreement.

Additional fees:

  • A$180 (+GST) to make each and every subsequent change to the "Registered Members" profile after the initial allowed change each subscription period.

Remuneration

  1. If the "Registered Member"  fails to pay any money due to IL within five (5) Business Days after the day it is due, the "Registered Member" must pay interest to IL on the overdue money at the rate which is 2% above the rate charged by the Westpac Banking Group for overdraft accommodation over A$100,000;
  2. For the purposes of clause 1, the interest to be paid on the overdue money will be calculated on a daily basis from the day the money was due until the Business Day the overdue money is received by IL in cleared funds.

Termination and Damages

  1. In addition to any other monies payable under this Agreement, the "Registered Member"  agrees to pay IL, as a debt due and owing and calculated on a solicitor and own client basis, costs, losses and expenses incurred by IL of and incidental to:
    1. Any default by the "Registered Member" in the performance or observance of any provision of this Agreement;
    2. The enforcement of any provision of this Agreement;
    3. The preparation and service of any notice given under this Agreement, including (but not limited to) any notice requiring the "Registered Member"  to remedy a breach of this Agreement, notwithstanding that the breach may be avoided or other relief is granted by a court; and
    4. Any lawful termination or attempted termination of this Agreement.
  2. The "Registered Member" acknowledges that, in the event of default or termination, IL may (at its sole discretion) disclose information to credit reporting agencies, collection agents and its advisers including (but not limited to):
    1. Information about payments that have been dishonoured (including dishonouring of cheques or direct debit payments);
    2. Information about overdue payments; and
    3. Information relating to the "Registered Member's" payment history or breaches of this Agreement.

Definitions

  • "Business Day" means a day that is not a Saturday, Sunday or public holiday in Brisbane, Queensland.
  • "Capital" includes money, real or personal property, an estate or interest in property, a chose in action and any other right or interest.
  • "Capital Raised" means Capital raised in any form from any source (excluding operating loans and overdrafts provided by CLIENT's bankers in the normal course of business) including the amount underwritten in the instance of a public offer and also including any sale of issued equity, and "Capital Raising" has a corresponding meaning. "Registered Member" includes a Substituted Entity.