
Rules and Regulations of OrangeBee Private Monetary System, Inc. ©™
Rules and Regulations: The following Rules and Regulations constitute the contract by, among, and between the Account (Account) and OrangeBee Private Monetary System, Incorporated ©™ (OrangeBee), a Florida Corporation, United States of America. They form part of and are included in the Application and Agreement that has been made with OrangeBee by Account. In its sole discretion, OrangeBee may amend, change, delete, or add to these Rules and Regulations by giving Account thirty (30) days notice. Notice is deemed given when posted at WWW.OrangeBee.com website. In addition a copy will be mailed to Account’s last known address. Failure of Account to request termination of its OrangeBee account or any purchase or sale or the use of the OrangeBee website by Account constitutes acceptance of all terms and conditions of the Rules and Regulations and the Application and Agreement as most recently furnished by OrangeBee.
1. Nature of the Parties: OrangeBee is an association of businesses and professionals who have joined together to buy and sell goods and services among themselves though an organized system which is regulated by the record-keeping and administrative services of OrangeBee though the medium of the OrangeBee Dollar. OrangeBee acts as a clearinghouse and third party record keeper for the transactions of its Accounts. OrangeBee may, at its sole and absolute discretion, contract with others to provide all or part of such record keeping, and/or services.
A. OrangeBee Private Monetary System, Inc. ©™ OrangeBee means OrangeBee Private Monetary System, Incorporated, ©™ a FLORIDA CORPORATION. In 1982, the United States Congress enacted the Tax Equity and Fiscal Responsibility Act (TEFRA Act). OrangeBee Private Monetary System, Inc. operates under the provision of this Act. For Tax purposes, and by signing below Account agrees OrangeBee Dollars is taxable in the year it is earned and reported to the IRS just as bank interest and income are reported. OrangeBee recommends Account seek advice from Tax Experts. OrangeBee Dollars is not Legal Tender as defined by the US Congress. OrangeBee Accounts account is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other such governmental or quasi-governmental agency.
B. Account: An Account is a bona fide, legal, and legitimate business or professional that desires to contract with OrangeBee to organize and facilitate their sales and purchases with other Accounts and wishes to subscribe to the OrangeBee record keeping and Broker service.
2. Nature of an OrangeBee Transaction: An OrangeBee transaction is a purchase or sale of goods and/or services whereby payment is posted to Account’s account pursuant to these Rules and Regulation. These postings are made in an accounting unit (one unit equivalent to one unit of cash US Dollar for accounting purposes) used to record the value of transactions. Ownership of Account’s account balance denotes the right to receive goods or services available within the OrangeBee System. Account’s balance may not be redeemed for cash (US Currency). Balance may be used only in the manner and for the purpose set forth in these Rules and Regulations. Neither OrangeBee nor the Account shall consider the OrangeBee Dollar as legal tender, securities, or commodities. OrangeBee disclaims responsibility for the negotiability of Accounts account balance, or the availability of any particular goods or services from any source.
3. Liability for Account’s Account Balance: Account acknowledges that their account balance with OrangeBee (positive balance) are the liabilities of Account’s who have spent more than their earning (negative balances), that there is a creditor/debtor relationship between such Accounts, and that their transactions incur the normal business risk associated with any credit transaction. Account’s account balances are the liabilities of Accounts who owe OrangeBee, and not of OrangeBee, which is solely liable for its own indebtedness.
4. Loans to Accounts: Account grants to OrangeBee on behalf of OrangeBee, the right, and power to make loans to any Account of OrangeBee. Account understands that OrangeBee credit is extended by the OrangeBee Accounts collectively, and not by OrangeBee. The exercise of this power shall be at the sole discretion of OrangeBee’s management with regard to principal, interest, terms and conditions, lending policy, and other particulars. Account desiring to apply for a loan may be required to submit a loan application, financial statement, credit agreement, promissory note, and equivalent collateral prior to approval. Account acknowledges, consents, and grants OrangeBee and its parents, affiliates, principals, and to those having an ownership interest in OrangeBee the right and power to borrow from Accounts and spend within the OrangeBee system. OrangeBee is under no obligation to extend credit at any time. OrangeBee will use reasonable efforts to ensure timely repayment of principal and interest, and perfection of security interest in all loans. Account acknowledges that in consideration for loan management services provided by OrangeBee, all interest, fees, charges, and any other proceeds from such loans are the sole and exclusive property of OrangeBee.
5. Line of Credit: OrangeBee may establish a line of credit for each Account, which may be adjusted from time to time. The outstanding balance of the line of credit, as it is utilized, will be treated as a loan under these Rules and Regulations. Account agrees to sell to other Accounts at 100% OrangeBee Dollars up to the loan balance, plus interest, and not refuse sales, and must sell their products or services at their prevailing cash prices. Failure to do so will result in immediate termination of Account and the outstanding balance immediately due in cash (US Currency) to OrangeBee. Loan balances become due and payable in cash whenever cash fees become more than ninety (90) days past due.
6. Brokerage Function: OrangeBee serves in a brokerage capacity in organizing and facilitating sales transactions among Accounts. Responsibility for the conduct of an OrangeBee transaction is exclusively that of the two Accounts participating in the transaction. OrangeBee will use reasonable efforts to broker the Account’s account balance into goods or services, to accurately record transaction and to administer these Rules and Regulations in according to its terms. However, Account acknowledges that the sole principals in any OrangeBee transaction are the buying and selling Accounts involved, that transactions are entered into voluntarily, and that OrangeBee is not the agent of any Account, nor is it the guarantor of any OrangeBee transaction or Account balance.
7. Availability of Products or Services: OrangeBee shall use reasonable efforts to solicit new business or professionals having products or services to satisfy the needs of all Accounts. OrangeBee is committed to provide only those products or services that may actually be available in the OrangeBee system at any given time. OrangeBee is not responsible if an Account cannot find specific products or services to buy, or customers for their products or services from other Accounts.
8. Definition of Account in Good Standing: An Account who complies with the current Rules and Regulations and any other agreements in effect with OrangeBee, who is current in the payment of any cash or OrangeBee owing to OrangeBee and who has a valid OrangeBee account, is an “Account in Good Standing.” Only Accounts in good standing are entitled to the services of OrangeBee.
9. Fees and Dues: All fees and charges including initial setup fees, publication fees, broker fees, administration fees, renewals, commissions, interest and other charges to Accounts by the OrangeBee are in payment for services rendered in processing Account into the OrangeBee system, operating the clearinghouse and brokerage functions, administering these Rules and Regulations, establishing and maintaining records, and facilitating Account’s use of the OrangeBee system. Account agrees to pay OrangeBee the full amount of such fees when due. In the event, that Account is in arrears for any cash fees beyond thirty (30) days, Account agrees to waive all rights to Accounts account, and usage of Accounts account positive balance so long as any cash fees remain outstanding for more than thirty (30) days. Account agrees to keep on file with OrangeBee a completed, signed, Auto Pay form including information for a valid Credit/Debit Card which OrangeBee will debit for any cash owed by Account anytime at OrangeBee’s discretion. Account agrees that OrangeBee will not approve any purchase without a current Auto Pay Form on file.
ACCOUNT AGREES TO PAY THE FOLLOWING:
A. B. & C, pleas click on Fees And Dues on home page.
D. DEFICIT BALANCE: Account pays an additional fee of one and one-half percent (1½ %) percent in OrangeBee per month on the deficit balance (amount which purchases exceed sales at month end cut off). Account agrees to sell at one hundred percent (100%) OrangeBee for amount of deficit, plus interest, may not refuse sales, and must sell their products or services at their prevailing cash prices. Failure to do so will result in immediate termination of Account in accordance with the Rules and Regulations, and the outstanding deficit balance immediately due in cash (U.S. Currency) to OrangeBee. Negative balances become due and payable in cash whenever cash fees become more than ninety (90) days past due.
E. CASH INTEREST: A charge of one and one-half percent (1½ %) cash (US Currency) interest per month will be charged on cash fees not received by OrangeBee by next month's closing after month due.
F. METHOD OF PAYMENT: Auto Pay: Account agrees to the following, to keep a completed, signed, Auto Pay form with current information on file with OrangeBee. OrangeBee may debit Account’s Auto Pay for any cash owed by Account at OrangeBee’s discretion. OrangeBee will not approve any purchase without a current Auto Pay Form on file. If Auto Pay is declined OrangeBee may debit Account’s cash account for $25.00.
10. OrangeBee Transaction Authorization: All purchases must be approved by OrangeBee prior to sale. Selling Account can go to the OrangeBee website WWW.OrangeBee.com and obtain an authorization number or they can call OrangeBee for one. If authorization is not obtained at the time of sale, OrangeBee has no obligation to post the transaction. The Selling OrangeBee Account is solely responsible for the authentication of the identity of any person they transact with. Because authentication is difficult, OrangeBee does not confirm any person’s purported identity. OrangeBee reserves the right to refuse to issue an authorization number approving a transaction under, but not limited to, any of the following conditions:
A. If buyer does not have sufficient accounts balance, or line of credit to make such purchase.
B. If either parties is not an Account in good standing
C. If seller fails to call OrangeBee for an authorization number for any sale, prior to the sale.
11. Record Keeping and Errors: Seller shall complete their regular sales forms, attain the Buyer’s signature, and enter the authorization number and mark paid with OrangeBee. In situations where a Buyer disputes having entered into a transaction, it shall be the responsibility of the Seller to provide OrangeBee with written verification from the buyer authorizing the transaction. OrangeBee has the right to reverse a transaction without liability if in its reasonable discretion there has been noncompliance with these Rules and Regulations, in which event it shall be the responsibility of the Seller to collect from the Buyer. All transactions are subject to audit and verification by OrangeBee and, in case of inaccuracies; OrangeBee may debit or credit Account’s account, without notice, as a result of such error. Account may obtain their monthly statement from the OrangeBee website reflecting account activity and Monies due and owing OrangeBee. Monthly statements are deemed accurate unless Account notifies OrangeBee in writing of any discrepancy within sixty (60) days of statement date. No reversals will be entered on an account after one hundred twenty (120) days after the date of the transaction or date funds in transfer was completed. Account requesting copies of statements to be mailed will be charged $3.00 cash per copy for each statement. Account will be charged $20.00 or the maximum allowed by law, cash, per each NSF check.
12. Returns and Refunds: Account will receive a credit to their account for the amount of a returned purchase.
13. Authorization of Investigation: Account authorizes OrangeBee to make whatever investigation deemed appropriate for their becoming an Account of OrangeBee. OrangeBee may request reports from credit reporting agencies. If Account asks whether a credit report was requested, they will be informed, and if OrangeBee has received a credit report, Account will be given the name and address of the agency that supplied the report.
14. Mail, Telephone, and Discretionary Sales: Seller is solely responsible for satisfying him/her self that the buyer has the authority to make the purchase. OrangeBee will not accept liability surrounding such sales if a dispute arises.
15. Laws and Regulations: Account shall abide by applicable International, Federal, State, Provincial, and Local laws, or any legal jurisdiction, or regulations appropriate to any transaction. OrangeBee shall not be responsible for any failure on the part of Account to comply with such laws and regulations. Account agrees not to hold OrangeBee liable for any action OrangeBee takes to comply with applicable laws or regulation.
16. Taxes: Seller shall charge the appropriate sales, excise or any other taxes due, collect, and record these taxes, and remit to the appropriate taxing authorities, as required by law. Under no circumstances will OrangeBee be responsible to pay any sales, excise, use, or other such tax on behalf of any Account. Accounts are advised that transactions with OrangeBee are generally treated as taxable events for applicable International, Federal, State, Provincial, and Local tax purposes. The declaration and reporting of all applicable International, Federal, State, Provincial, and Local taxes resulting from these transactions rest solely with the Account. Further, that OrangeBee is required by Federal law to obtain the correct taxpayer identification number of Account (who is required by law to provide such number) and to report all sales of Accounts to IRS. Failure to provide the correct taxpayer identification number may result in the imposition of backup withholding of twenty (20 percent of the gross proceeds of each sales transaction, under Federal law. Account agrees not to hold OrangeBee liable for any actions OrangeBee takes to comply with applicable International, Federal, State, Provincial, or Local laws, and furthermore, agrees to indemnify and hold harmless OrangeBee from same.
17. Assignment of Account: An OrangeBee Accounts account cannot be sold, assigned or transferred without OrangeBee’s express prior written consent.
18. Account to Account Conduct: Account agrees to treat fellow Accounts with the same consideration, courtesy, and attention with which Account treats all other customers. Good business sense, courtesy, and integrity are to apply in all transactions. Any Account who fails to abide by International, Federal, State or Local laws regarding discriminations will be cancelled in accordance with these rules and regulations.
19. Account Transactions with OrangeBee Brokers, Associates, or Employees: Brokers, associates or employees, are free to buy with the OrangeBee Dollar, but do so on their own behalf. All Rules and Regulations apply equally to Accounts, broker’s associates, or employees. OrangeBee is not a party to and is not responsible for these transactions.
20. Overpricing: Account agrees to sell its goods and/or services for OrangeBee Dollars at its prevailing or normally advertised prices and on the same priority given cash customers. OrangeBee reserves the right to inquire into complaints of overpricing by an Account. Violations may result in termination of Account’s account and/or immediate adjustment to the transaction involved.
21. Direct Trades: Direct trades between Accounts to avoid service fees are prohibited. Such trades may result in suspension or termination.
22. Breach of Agreement: OrangeBee has the right, but not the obligation, to inquire into complaints of these Rules and Regulations by Accounts. Account grants OrangeBee the right to take the actions that, in OrangeBee’s sole discretion, are deemed necessary. It is acknowledged, understood and agreed to by Account that should Account fail to honor and accept purchases from another Account pursuant to these Rules and Regulations, except where Account is on hold, in accordance with these Rules and Regulations, Account shall be deemed to be in material breach of this agreement. Account shall be liable for such damages.
23. On Hold Status: Account may notify OrangeBee and request that his/her account be placed on hold (temporarily decline further sales) status. Account may not go on hold unless their account balance exceeds $5,000. The on hold status of an Account shall not be in effect until OrangeBee receives written notification. An Account may not request on hold status when their account has a negative balance. If an Account wishes, a negative balance may be satisfied by paying to OrangeBee the indebtedness in cash (US currency), and then the account may be placed in the on hold status.
24. Freezing of Account: If an Account violates any terms of this agreement now or hereafter in effect, OrangeBee may immediately terminate their account in accordance with these Rules and Regulations, or may freeze all activity in the account without notice until such time as OrangeBee, in its sole discretion, reinstates the Account or decides to terminate Account’s account. Account acknowledges that the decision of OrangeBee to freeze and/or terminate Accounts account shall be final and conclusive, and OrangeBee shall have no liability therefore.
25. Suspension of Privileges: OrangeBee reserves the right, at it’s sole discretion, to suspend the privileges of any Account who is in violation of any applicable International, Federal, State, Provincial, or Local law, or any Account with outstanding cash fees due OrangeBee that is more than thirty (30) days past due. The privileges of the Account shall be reinstated immediately upon payment of such cash past due amount. Furthermore, if such cash fees remain outstanding beyond sixty (60) days, OrangeBee shall have the right to terminate the delinquent Accounts account, as provided by these Rules and Regulations, and OrangeBee shale have no liability therefore.
26. Termination: Either party may terminate this agreement upon ten (10) days written notice to the other party. Immediately upon termination:
A. All Account cash and OrangeBee services fees of any kind become due and payable. No fees of any kind will be refunded.
B. If Account has a negative account balance (purchases exceed sales) Account shall pay the account accepting OrangeBee in the amount of the negative balance, providing acceptable products/services in the sole discretion or OrangeBee, or paying cash (US currency) within thirty (30) days of the termination date.
C. If Account has a positive account balance (sales exceed purchases) Account may stay active for one year and spent the balance until purchases equal sales by paying OrangeBee in advance the cash commissions and service fees on the positive balance. In case of termination, there shall be no refund of annual Account fees, or commissions. All obligations under this agreement shall stay in force. Any sales slip presented or signed by Account shall survive any such transactions.
27. Damages if Terminated for Cause: A violation of these Rules and Regulations damages OrangeBee and the OrangeBee system in a number of ways that are difficult to quantify. These may include, but are not limited to, administration cost in dealing with the violation, financial injury due to loss of cash service fees and/or expenditure of funds, such as collection actions, loss of Account goodwill toward the OrangeBee system and the OrangeBee Company, and loss of transaction volume, and Accounts. Account and OrangeBee agree that Account shall pay OrangeBee the sum of seven hundred fifty ($750.00) cash (US currency), as liquidated damages, and not a penalty, to OrangeBee, if Account is terminated for cause, that is, for violation of these Rules and Regulations for other than overdue cash fees. Cash damages must be paid within thirty (30) days of the date of notice of termination of Accounts account. If Account has a positive balance, the damages must be paid in addition to all other requirements included in these Rules and Regulations before account can be used.
28. Spend Out, Cancellation: If OrangeBee reasonably believes that an Account is spending out their balance in anticipation of canceling their Account, or if Account has requested termination, then OrangeBee shall require the prepayment of all cash services fees of any kind on the remaining balance in Account’s account.
29. Amendment of Agreement and Rules and Regulations: OrangeBee may, at its sole discretion, modify, delete, add to, amend, or change the terms of this agreement and Rules and Regulations (collectively “changes”) from time to time by giving Account thirty (30) days prior written notice. In the event any of these changes individually or in combination are material, and Account can also show a bonafide hardship, Account may request in writing termination of its OrangeBee Account. Failure of Account to request in writing termination of its OrangeBee Account or participation in any purchase of sale of products or services by Account timely within the thirty (30) day notice period constitutes an unconditional acceptance of all changes as described herein and therein.
30. Fee Changes: OrangeBee may, at its sole discretion, modify, delete, add to, amend, or change the Publication Fee, Broker Fee, Annual Renewal Fee, Interest, Commissions, Dues and any service fees from time to time. Account will receive thirty (30) days notice of any such changes.
31. DISCLAIMER OF WARRANTY AND LIABILITY: ORANGEBEE MAKES NO REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AND DISCLAIMS ALL LIABILITY AS TO THE FITNESS FOR A PARTICULAR PURPOSE, QUALITY, DELIVERY DATE, MERCHANTABILITY, PRICES OR ANY TERM OF ANY TRANSACTION. ACCOUNT DOES HEREBY INDEMNIFY AND HOLD HARMLESS ORANGEBEE WITH RESPECT TO ANY CLAIM, DEBT OR LIABILITY WHATSOEVER, ARISING OUT OF ANY TRANSACTION WHEREIN ACCOUNT IS A BUYER OR SELLER. ACCOUNT ACKNOWLEDGES THAT ANY TRANSACTION WITHIN WHICH IT PARTICIPATES SHALL BE ON A VOLUNTARY BASIS, AND THAT ORANGEBEE IS NEITHER ITS AGENT NOR THE AGENT OF ANY OTHER ACCOUNT.
32. Disputes: Any transaction dispute concerning the quality, nature of goods, or services, or any dispute of any kind, shall be between the buyer and the seller ONLY, and shall be settled by those parties themselves. OrangeBee has no responsibility in connection therewith other than recording the transaction. OrangeBee are not responsible for use of OrangeBee by unauthorized persons or for transactions that do not comply with These Rules and Regulations. OrangeBee is not the buyer or seller unless it so states in writing. In any such event, parties to said dispute agree, jointly and severally, to indemnify and hold harmless OrangeBee, including cost and reasonable attorney fees, though all appeals.
33. Enforcement: Each and every term and provision contained in this agreement, and Rules and Regulations are severable from every other term and provision herein. If any such term or provision should be judged invalid, illegal, or unenforceable it shall not affect the validity, legality of enforceability of the remainder of any other term or provision. The remainder shall remain valid, legal, enforceable and in full force and effect. In the event that legal action must be taken by OrangeBee against an Account to enforce any provision of these Rules and Regulations, the prevailing party shall be entitled to collect from the non-prevailing party, costs and reasonable attorney fees, through all appeals. Furthermore, Account agrees to pay OrangeBee simple interest at the rate of eighteen percent (18%) per year, or the maximum legal interest allowed by law, from the date of default, until payment, in addition to any other proceeds as granted by a court of law. The parties to this agreement and Rules and Regulations agree that they shall be governed by the laws of the State of Florida, United States of America, and in the English language, with Pasco County as the exclusive venue, to which all parties having agreed to the jurisdiction thereof. Any sums which may be awarded to OrangeBee by any legal authority shall be in cash, United States Dollars rather than OrangeBee Dollars.
34. Venue: Any action brought by any party to this Agreement shall be filed, and venue shall lie only in the courts of Pasco County, Florida, United States of America, to which jurisdiction and venue Account hereby specifically consents.
35. Advertising: Unless otherwise stipulated in writing between the parties to this agreement, Account authorizes OrangeBee to advertise their acceptance of the OrangeBee Dollar. OrangeBee may use, free of charge, the name, the address, and logo of any Account in any advertising and promotion, unless otherwise stipulated in writing by Account.
36. Tips and Gratuities: Account shall pay tips and gratuities in cash at point of purchase unless seller agrees to accept payment with OrangeBee for this purpose.
37. Special Procedures: The following procedures apply to transactions involving special orders, construction jobs, service work, or long term leases and other work-in-progress transactions.
A. Before starting, if appropriate, seller should obtain a deposit or down payment in the same manner as cash transaction. This is done with a sales slip and authorization number. Seller should include in their contract a provision that if the buyer does not have a sufficient balance in their account when an authorization is requested, the difference must be paid in cash to the seller. OrangeBee will only issue an authorization for the amount in the buyer’s account.
B. When the job has been completed, or the special order item has been delivered, the seller shall treat the balance as another transaction. Sellers account will be credited by OrangeBee upon receipt of the signed invoice and any required cash fees.
38. Products Sold by OrangeBee: On all products, OrangeBee Cash, scrip, or services owned and sold by OrangeBee, the sole and exclusive warranty made by seller is that it has title to such products, free and clear from any lien of encumbrance. Other than set forth above, products are sold, “as is, where is,” and shipping charges shall be paid by buyer. Concerning any products or services purchased by buyer from OrangeBee, buyer recognizes that such items are produced and provided by others and not by OrangeBee or its affiliates. OrangeBee makes no warranty either expressed or implied, by operation of law or otherwise, as to the merchantability of fitness for a particular purpose of such products or services, and buyer shall look solely to the manufacturer of such merchandise, or provider of such services for any warranty.
39. Security Interest, Insolvency: Account hereby grants OrangeBee a security interest in Account’s account balance and any sales to be credited to Account’s account for the amount of all unpaid cash fees. In the event of the insolvency or bankruptcy of Account, all cash fees shall be due and payable in full. No transaction shall be allowed until all cash fees are paid in full. OrangeBee shall have the option, in lieu of the above, of treating the OrangeBee Dollar balance as equal in value to the amount of cash fees owing, and terminating the account: provided, however, that at such time as OrangeBee does receive all of its cash fees in full, OrangeBee shall credit back the balance to the Account’s account. Account authorizes OrangeBee to file appropriate security instruments with local, state, or federal authorities to protect its security interest.
40. Commitments and Representatives: OrangeBee is only responsible for commitments and representations made in writing by a duly authorized officer of OrangeBee. Brokers, associates, agents, or employees of OrangeBee are not authorized to bind OrangeBee to any obligation or representation whatsoever without such written authorization, signed by an officer of OrangeBee.
41. No Waiver of Right: OrangeBee’s failure of delay in exercising any right shall not operate as a waiver thereof, and any single or partial exercise of a right shall not preclude any other or further exercise of any right. OrangeBee’s remedies are cumulative and are not exclusive of any remedies provided by law.
42. Allocation of Goods and Services: Account acknowledges that regulations of purchases, control of credit extension, and allocation of goods or services in short supply are inherent in OrangeBee’s managerial responsibilities, shall be exercised at OrangeBee’s sole discretion, and do not constitute preferential treatment under any of these Rules and Regulations. Accounts are advised that OrangeBee and its parents, affiliates, principals, and employees are compensated in part with a credit to their OrangeBee account and consequently, some accounts are primarily or solely for the use of OrangeBee, its parents, affiliates, principals, or employees. Accounts in the name of OrangeBee employees shall be subject to the same credit limitations applicable to Accounts’ account.
43. Dissolution: In the event OrangeBee terminates or otherwise ceases to do business, all Accounts with a negative account balance shall pay amounts they owe in cash (one unit being equal to one dollar in cash in US Currency) into a fund. The fund, less expenses, plus inventory on hand, will be distributed pro rata to all Accounts who have a positive account balance. Thus, all Accounts in a positive position will receive cash for their account balance to the extent that funds permit. OrangeBee shall not be liable to any Account for cash or any account balance beyond the distribution of such funds as aforesaid.
44. Account Acknowledgment: Account acknowledgment, consents and grants OrangeBee and its parents, affiliates and principals, and those having an ownership in OrangeBee the power to sell, transfer, or assign their Account without notice. All rights and obligations, under the Rules and Regulations shall go to the buyer, transferee, or assignee.
45. Account Acknowledgement and Warrant: Account acknowledges that he/she has read the current Rules and Regulations, that such Rules and Regulations are made a part of his/her Agreement with OrangeBee, and that the Rules and Regulations may be changed by OrangeBee from time to time in accordance with the provisions of these Rules and Regulations. Account warrants that it provides all information to OrangeBee in good faith and that such information is accurate to the best of his/her knowledge.
46. Joint and Individual Liability: The individual signing on behalf of a Corporation or any legal entity agrees to guarantee and be personally liable for full performance by said Corporation or any legal entity in accordance with these Rules and Regulations (which are incorporated with and made a part of the Agreement). In the event, the Account should be sold; (in accordance with these Rules and Regulations) any deficit balances shall be paid in cash (U.S. Currency) to OrangeBee. All fees are subject to change at the discretion of OrangeBee.
47. Fax & E-Mail Signatures: OrangeBee will, and Account agrees that OrangeBee may, accept a faxed or E-Mail signature as an original, legal signature.
48. Captions: The section captions in the agreement, and Rules and Regulations are for convenience only, and shall not affect the interpretation or meaning of any term or provision thereof.
49. Use of OrangeBee Website: Account is responsible for maintaining the confidentiality of their account number and password and is fully responsible for all activities that occur on their account. It is important that the Account guard the identity of their account number and password because the use of the same to make a purchase represents their consent as Buyer to debit their account. Account agrees to immediately notify OrangeBee of any unauthorized use of their account or any other breach of security, and ensure that your exit from their account at the end of each session. OrangeBee cannot and will not be liable for any loss of damage arising from the failure to comply with this section.
50. Indemnity: Account agrees to indemnify and hold OrangeBee, and its subsidiaries, affiliates, officers, agents, and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of Accounts use of any OrangeBee services, Accounts connection to OrangeBee services, or Accounts violation of the Rules & Regulations, or Accounts violation of any rights of another.
51. Special Offers & Promotions: OrangeBee may, at our sole discretion, make special offers and promotions, such as reduced fees, no fees, fees paid in OrangeBee Dollars, incentives, or other benefits, available to all or some Accounts without creating any obligation on OrangeBee’s part other than explicitly set fort in such offers or promotions, including, but not limited to, any obligation to continue such offers of promotions on a ongoing basis.
52. Consent To Receive Electronic Mail: Account hereby expressly consents to receive from OrangeBee, our Brokers, and other OrangeBee Accounts electronic mail messages and agree that OrangeBee is not responsible for, and do not control, represent or endorse the accuracy, reliability, integrity or legality of any electronic mail, advertising, or other information provided by OrangeBee, OrangeBee Accounts, or Brokers.
53. Intellectual Property: All OrangeBee trademarks, logos, all rights, title and interest including any and all copyrights, data, URL’s, domain, technology, software, codes, user interfaces, and “look and feel” to the Website contents are the sole property of OrangeBee and may not be used without the prior written consent of OrangeBee.
54. Abandoned Accounts: Should OrangeBee with reasonable efforts be unable to establish telephone, E-Mail, or US mail contact with Account for a period of 180 days the Accounts account balance shall be considered abandoned. Account will forfeit their account balance and such forfeited amount shall at OrangeBee’s sole discretion be transferred to the OrangeBee Account Loan Fund.
55. Judgment Settlement: In the event of a dispute between OrangeBee and an OrangeBee Account resulting in a judgment entered on behalf of the Account against OrangeBee, Account agrees that OrangeBee shall have the right to fully satisfy said judgment in OrangeBee Dollars.
56. CERTIFICATION: Account agrees this agreement shall be interpreted under Florida law and proper venue for all disputes under this agreement shall be in Pasco County, Florida. These Rules and Regulations are accurate as of August 11, 2007. They may have been changed after that date, for current Rules and Regulations please check our website, WWW.OrangeBee.com or contact OBM.