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NON- CIRCUMVENT AGREEMENT AND BROKER PAYOUT AGREEMENT

On this _____ day of ________, 20__ it is mutually agreed that_______________________(Note Holder)

is a Principle Client of _____________________________(Broker) who, in his/her effort to sell a mortgage receivable for the above Principle Client, did contact __________________________(Investor) for the purpose of soliciting an offer to purchase said mortgage receivable.

__________________________(Investor) does hereby agree to purchase the mortgage receivable provided for consideration and to pay a fee as stated below to Broker for his/her part in the transaction, to be disbursed within three days of closing. A successful closing is contingent upon approval and acceptance, of all necessary documentation by __________________________(Investor). This agreement is to be applied to any and all transactions present and future with the above named principle client for a period of five (5) years from the date of execution.

A faxed copy of this document is deemed binding upon both parties.

Property City___________________________________________ Property State __________________

Note Balance $___________________ as of ________________________________________________

Investor offer $______________ Principle Client accepted $______________ Broker fee $___________

This is a wholesale offer to purchase this mortgage receivable. Costs will be deducted from proceeds to:

Principle Client: ________ (Yes/No) Broker: ____________(Yes/No)

Other (Describe)_______________________________________________________________________

Accepted:

_____________________________________________ Date ______________________

(Broker)

_____________________________________________ Date_______________________

(Investor)