PAYMENT AGREEMENT

 

This Payment Agreement (the “Agreement”) is entered by and between Registered Student (the “Student”) and O-Line Security, (the “Institution”), collectively “the Parties.”

WHEREAS Student owes the Training Academy a certain debt; and

WHEREAS Student and Institution desire to enter into an agreement to memorialize this debt and an associated payment plan

NOW THEREFORE, in consideration of the mutual promises, covenants, and conditions contained herein, the Parties agree as follows:

• Debt Amount. Student agrees he/she/it owes Institution $3000 (the “Debt”).

• Payment Plan. Student represents and warrants that he/she/it enters that this Payment Plan was developed in such a manner that he/she/it can make the required payments without causing further debt or detriment.  

• Release and Indemnification. By entering into this Payment Plan, Debtee agrees to release Debtor from any previous claims, actions and/or liabilities due to the Debt. The Parties agree this Agreement does not release Debtor of any obligations to pay the Debt.

• Default. If Student defaults on its payments and fails to cure said default within a reasonable amount of time, Institution will have the option to remove student from the class and revoke access to class material.

• Representations and Warranties. Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.

• Legal and Binding Agreement. This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement.

• Entire Agreement. The Parties acknowledge and agree that this Agreement represents the entire agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify any terms, they shall do so in writing to be signed by both parties.

The Parties agree to the terms and conditions set forth above as demonstrated by their registration.