Preferred Lender Program Agreement

Terms & Conditions

This Lender Participation Agreement (the "Agreement") is entered into by and between Lender and BizWorth, LLC, ("BizWorth"), collectively referred to as the "Parties."

1. Purpose

This Agreement outlines the terms and conditions governing the Lender's participation in BizWorth's PreQual ProcessTM , specifically providing conditional approval responses for business loans.

2. Compliance with Regulations

By submitting this form, Lender confirms that its institution complies with all relevant industry regulations and standards applicable to business loans.

3. Partnership Terms and Conditions

Lender agrees to abide by BizWorth's partnership terms and conditions as outlined in this Agreement and any additional terms provided by BizWorth.

4. Lender Responsiveness

Through participation in BizWorth’s PreQual ProcessTM , Lender commits to exerting best efforts to promptly respond to prequalification requests with approval or denial within 10 business days. Lender recognizes that BizWorth's referral algorithm considers the response rates of banks to prequalification requests, and, in part, prioritizes referrals based on response performance.

5. No Obligation

Lender acknowledges that there is no obligation to purchase reports from BizWorth in return for referrals from BizWorth. Lender further acknowledges that BizWorth’s referral algorithm considers the Lender's purchase history with BizWorth. Alongside various factors, the algorithm prioritizes the number of referrals to a lender based on the historical record of report purchases, including but not limited to valuation reports, quality of earnings reports, field audits, and machinery & equipment appraisal

6. No Commitment of Referrals

By participating in BizWorth’s PreQual ProcessTM , Lender understands that BizWorth will make best efforts to provide referrals to participating lenders deemed best suited for the needs of BizWorth’s clients. Nevertheless, Lender acknowledges that BizWorth makes no commitment to providing referrals.

7. Confidentiality

Lender commits to treating all information obtained through BizWorth's PreQual ProcessTM as confidential and agrees not to disclose or utilize such information for any purpose other than the evaluation of loan prequalification and conditional approvals.

8. Loan Closing Commissions

The Lender hereby recognizes and acknowledges that BizWorth is obligated to uphold independence in the execution of business valuations, and as such, is precluded from receiving commissions from lenders. Additionally, it is expected that the Lender shall remit its customary commission to the designated broker in the event of a successful loan transaction.Failure to remit the lender’s selected commission in the application process to the designated broker within a reasonable time may result in the lending institution’s temporary suspension or removal from the program.

9. Marketing and Promotion

Unless otherwise indicated, Lender grants BizWorth permission to promote and market the Lender as a participating institution in BizWorth's Preferred Lender Program, including on BizWorth's website and marketing collateral. If Lender prefers not to be promoted or marketed to BizWorth’s network of brokers and clients, please send an email to officeadmin@bizworth.com,including the institution’s name and address.

10. Term and Termination

This Agreement takes effect on the specified date and remains in force until terminated by either Party with a 30-day written notice. BizWorth retains the right to terminate this Agreement immediately if the Lender breaches any terms or conditions outlined herein.

11. Governing Law

This Agreement shall be governed by the laws of Texas, United States without regard to its conflict of law principles.