Long-Term Vendor Access Agreement
MAGNATE APP LLC · magnat3.app
Prepared by Antonio Salomone · Founder & CEO · Confidential
This agreement is intended for review by qualified legal counsel prior to distribution or execution.
Version 1.0 — draft for legal review. Effective upon execution.
Long-Term Vendor Access Purchase Agreement
| Field | Details |
|---|---|
| Vendor Full Name | |
| Vendor Email | |
| Vendor Phone | |
| Affiliate Code Used | |
| Years Purchased | |
| Total Payment Amount | $280 × _____ years = $___________ |
| Purchase Date | |
| Access Expiration Date |
1. Parties
This Long-Term Vendor Access Purchase Agreement (“Agreement”) is entered into between MAGNATE APP LLC, doing business as MAGNAT3 (“Company”), and the individual identified above (“Vendor”). This Agreement governs the terms of the Vendor’s purchase of Long-Term Vendor Access (“LTVA”) to the MAGNAT3 platform.
2. What You Are Buying — Plain Language Summary
Before reading the full terms — here is exactly what LTVA is.
You are pre-purchasing years of MAGNAT3 software subscription access at a discounted rate of $280/year. That is it. You will receive the exact same platform access as any standard monthly subscriber — no more, no less. The only benefit is that you lock in today’s price before MAGNAT3’s monthly subscription rate increases. You are not buying equity, ownership, profit participation, or any financial product. This is a subscription membership pre-purchase — nothing else.
MAGNAT3 is a marketplace platform for service professionals. A standard monthly subscription currently costs $19.99/month (increasing to $28/month and targeting $80/month long-term). LTVA lets you lock in $280/year now, paid once upfront, for the number of years you choose. When your purchased years run out, you pay the prevailing subscription price at that time. There is no renewal of the LTVA rate.
3. This Is NOT an Investment
IMPORTANT — READ THIS CAREFULLY.
Long-Term Vendor Access is not an investment, a security, a financial product, or a business opportunity. You will not earn money from LTVA. You will not receive dividends, profit shares, equity, or any financial return. The only thing you are buying is discounted access to a software platform you intend to use as a service provider. If anyone described LTVA to you as an investment or income opportunity, that representation was inaccurate and is not endorsed by MAGNAT3.
By signing this Agreement, the Vendor confirms they understand and agree that:
- LTVA is a pre-purchase of software subscription access — the same access any standard monthly subscriber receives.
- LTVA generates no financial return, yield, income, profit, or investment upside of any kind.
- The Vendor is not acquiring any ownership interest, equity stake, or share of MAGNAT3’s revenue or profits.
- The Vendor is not joining a business opportunity, franchise, multi-level marketing program, or income-generating arrangement.
- The sole benefit is a locked subscription price for the number of years purchased.
4. Nature of Purchase — Not a Subscription
ONE-TIME PAYMENT — NON-REFUNDABLE — NOT AUTO-RENEWING.
This is a one-time, non-refundable payment for a fixed number of years of platform access. There is no recurring billing. There is no auto-renewal. Once payment is made, it cannot be reversed, cancelled, or refunded except as required by applicable law.
The Vendor confirms understanding that:
- This is a single upfront payment in full for the number of years selected. No installment plans or payment schedules are offered.
- The payment is non-refundable except as required by applicable law. No refund will be issued for reasons such as change of mind, cessation of use, changes to the platform, or expiration of the Vendor’s business.
- There is no auto-renewal. Platform access does not continue automatically after the purchased term expires.
- The $280/year rate is locked for the purchased term only. It does not renew and cannot be extended at this rate.
- When the purchased term expires, the Vendor pays the then-current MAGNAT3 subscription price. The LTVA rate will not be available at that time.
- LTVA is only available through a valid affiliate referral code. The Vendor confirms they used a valid code to access this pricing.
5. What You Receive — Platform Access
| Term | Detail |
|---|---|
| Access Type | Full MAGNAT3 platform access — identical to any standard monthly subscriber |
| Access Duration | From purchase date through expiration date shown on page 1 |
| Features Included | Booking system, in-app payments, portfolio tools, verified reviews, direct messaging, and all features available to standard subscribers |
| MAGNAT3 2.0 Features | Team Builder, Custom Requests, Courses, and Products — included when available to all subscribers |
| Special Status | None — LTVA holders receive no premium tier, priority support, or additional features beyond standard subscription access |
| Access Level vs. Monthly Subscriber | Identical — the only difference is that you paid upfront at a lower annual rate |
The Company reserves the right to modify, update, add, or remove platform features for all users, including LTVA holders, provided such changes are applied consistently across all subscriber tiers. No specific feature set is guaranteed for the duration of the LTVA term.
6. Pricing & Savings
| Detail | Amount |
|---|---|
| LTVA Price | $280/year (locked for your purchased term) |
| Current Monthly Rate | $19.99/month ($239.88/year) |
| Upcoming Monthly Rate | $28/month ($336/year) |
| Long-Term Target Rate | $80/month ($960/year) |
| Your Annual Savings vs. $28/mo | $56/year |
| Your Annual Savings vs. $80/mo | $680/year |
| After Your Term Expires | You pay the current market subscription rate — LTVA rate no longer available |
The upcoming and long-term rates shown above are current targets and are not guaranteed. Future subscription pricing may differ.
7. Payment Terms
The Vendor agrees to pay the total amount specified on page 1 in a single upfront payment prior to receiving LTVA access. Payment is processed via Stripe. Access begins on the confirmed payment date and expires after the purchased number of years has elapsed.
- A receipt confirming purchase date, term length, and access expiration date will be sent to the Vendor by email.
- Any chargeback or payment reversal initiated by the Vendor’s financial institution will result in immediate suspension of LTVA access pending resolution.
8. Program Close Date
The LTVA program is scheduled to close permanently to new purchases on or before December 31, 2033. After this date, no new LTVA purchases will be accepted at any price. Existing LTVA holders retain access for their full purchased term regardless of this date. Upon expiration of that term, the Vendor pays the prevailing subscription rate — no LTVA renewal will be available.
9. Non-Refundable Policy
NO REFUNDS — ALL SALES FINAL.
All LTVA purchases are final and non-refundable. By signing this Agreement, the Vendor expressly waives any right to a refund of any portion of the purchase price for any reason whatsoever. The Company’s obligation is limited to providing the platform access described herein for the purchased term.
10. Termination for Cause
The Company may terminate a Vendor’s LTVA access for cause, including violation of MAGNAT3’s Terms of Service, fraudulent activity, abuse of the platform, or illegal conduct. In the event of termination for cause, no refund will be provided for the remaining unused term.
11. Limitation of Liability
THE COMPANY’S LIABILITY UNDER THIS AGREEMENT IS LIMITED TO THE PROVISION OF PLATFORM ACCESS FOR THE PURCHASED TERM. IN NO EVENT SHALL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES. THE COMPANY’S MAXIMUM LIABILITY SHALL NOT EXCEED THE TOTAL AMOUNT PAID BY THE VENDOR UNDER THIS AGREEMENT.
12. Governing Law & Dispute Resolution
This Agreement is governed by the laws of the State of New York, without regard to its conflict-of-laws rules. Disputes shall first be submitted to good-faith mediation. If mediation fails within thirty (30) days, disputes shall be resolved by binding arbitration under the rules of the American Arbitration Association, seated in New York. The prevailing party shall be entitled to recover reasonable attorneys’ fees and costs.
13. Entire Agreement
This Agreement, together with MAGNAT3’s Terms of Service and Privacy Policy at magnat3.app, constitutes the entire agreement between the parties regarding LTVA. No amendment is valid unless in writing and signed by both parties.
14. Transferability
LTVA is personal to the Vendor and may not be sold, assigned, or transferred to any other person or business without the Company’s prior written consent, which the Company may grant or withhold at its discretion.
15. Continuity and Wind-Down
If the Company ceases to operate the MAGNAT3 platform before the end of a Vendor’s purchased term, the Company will, to the extent commercially practicable and permitted by law, either (a) transfer or assign remaining LTVA access to a successor platform, or (b) provide a pro-rata credit or refund for the unused, undelivered portion of the purchased term. Nothing in the non-refundable provisions of this Agreement limits the Vendor’s rights with respect to platform access that has been paid for but not delivered.
16. General Provisions
Severability. If any provision of this Agreement is held invalid or unenforceable, that provision will be modified to the minimum extent necessary, and the remaining provisions will remain in full force and effect.
No Waiver. A party’s failure to enforce any provision is not a waiver of its right to enforce it later.
Assignment. The Company may assign this Agreement in connection with a merger, acquisition, financing, or sale of assets. The Vendor may not assign this Agreement except as permitted in Section 14.
Notices. Notices to the Company may be sent to Magnat3@magnat3.app. Notices to the Vendor will be sent to the email address associated with the Vendor’s account.
Force Majeure. Neither party is liable for delays or failures caused by events beyond its reasonable control.
Counterparts & Electronic Signature. This Agreement may be executed electronically and in counterparts, each of which is deemed an original and which together constitute one agreement.
Summary — Vendor Acknowledgment Checklist
Before signing, confirm you understand: (1) You are buying a software subscription membership at a discounted pre-pay rate — nothing else. (2) This is NOT an investment and generates no financial return. (3) Payment is one-time and non-refundable under all circumstances. (4) The $280/year rate applies only for years purchased — it does not renew. (5) After your term expires, you pay the current market subscription rate. (6) The LTVA program closes permanently in 2033.
Execution
MAGNAT3 (MAGNATE APP LLC)
_______________________________
Authorized Signature — Antonio Salomone, Founder & CEO
_______________________________
Date
VENDOR
_______________________________
Vendor Full Legal Name (Print)
_______________________________
Vendor Signature
_______________________________
Date
_______________________________
Vendor Email Address
_______________________________
Years of LTVA Purchased (must match page 1)
_______________________________
Total Amount Paid (must match page 1)
This document has been prepared for review by qualified legal counsel. MAGNAT3 recommends all agreements be reviewed by a licensed attorney before distribution or execution. Nothing in this document constitutes legal advice.