Vendor's Contract

ENCIRCLE BENEFITS VENDOR DISCOUNT AGREEMENT

This Vendor Agreement (“Agreement”) is made on this ___ day of _______, 20, by and between:

Encircle Benefits is , LLC (“Company”), with principal office at: ___________________________________________

and

Vendor Name: _________________________________ (“Vendor”), with principal office at: ___________________________________________

Collectively referred to as the “Parties.”

1. Purpose

The purpose of this Agreement is to establish the terms under which Vendor will offer exclusive discounts to Global Circle members in exchange for being listed as a trusted partner in the Encircle Benefits network.

2. Term of Agreement

• Start Date: ___________________

• End Date: ___________________

• This Agreement may be renewed upon mutual consent of the Parties.

3. Vendor Responsibilities

1. Discount Offering:

   • Vendor agrees to provide Encircle Benefits is members with a discount of ______ % or other mutually agreed benefit(s) on products or services listed below:

2. Promotion & Compliance:

   • Vendor shall clearly communicate discount terms to staff and ensure consistent application.

   • Vendor agrees to comply with all applicable laws, regulations, and licensing requirements.

3. Reporting & Verification:

   • Vendor agrees to maintain records of discounts provided to members for verification purposes, if requested by Encircle Benefits..

4. Company Responsibilities

1. Member Verification:

   • Encircle Benefits is will provide methods for members to verify eligibility for discounts.

2. Promotion:

   • Encircle Benefits is will list Vendor on its platform, marketing materials, and other promotional channels.

5. Fees (if applicable)

• Vendor agrees to pay a participation/subscription fee of $ ______ per [month/year] to remain part of theEncircle Benefits is Partner Network.

6. Confidentiality

Both Parties agree to maintain confidentiality of all proprietary information, member data, and business practices obtained through this Agreement.

7. Termination

• Either party may terminate this Agreement with 30 days’ written notice.

• Encircle Benefits is may terminate immediately if Vendor fails to provide the agreed-upon discounts or violates this Agreement.

8. Governing Law

This Agreement shall be governed by the laws of __________________________.

9. Signatures

Encircle Benefits, LLC

Name: ___________________________
Title: ___________________________
Signature: _______________________
Date: ___________________________

Vendor

Name: ___________________________
Title: ___________________________
Signature: _______________________
Date: ___________________________

Membership Agreement

ENCIRCLE BENEFITS MEMBERSHIP AGREEMENT

This Membership Agreement (“Agreement”) is entered into on this ___ day of _______, 20, by and between:

Encircle Benefits , LLC (“Company”), with principal office at: ___________________________________________

and

Member Name: _________________________________ (“Member”)
Address: ______________________________________
Email: ________________________________________
Phone: ________________________________________

Collectively referred to as the “Parties.”

1. Membership Term

• Join Date: ___________________

• Expiration Date: ___________________

• Membership will automatically renew for successive terms unless canceled in writing at least 30 days before expiration.

2. Membership Benefits

As a member of Encircle Benefits, Member is entitled to:

1. Access to exclusive discounts across multiple industries, including:

   • Automotive (car purchase, repair, maintenance)

   • Grocery and retail

   • Airlines and travel services

   • Hotels and lodging

   • Vacation packages and cruises

   • Insurance services

   • Hospitals and healthcare providers

   • Internet and telecommunications

   • Utility providers

   • And other partner vendors

2. Updates on new partner vendors and promotions.

3. Special offers, events, or programs reserved for members.

3. Membership Fees

• Payment Type (Select One): ☐ Monthly ☐ Annual

• Amount: $__________

• Payment is due on the __________ day of each month/year.

• Late payments may result in suspension or termination of membership benefits.

4. Member Responsibilities

• Members must provide accurate personal information and notify Global Circle of any changes.

• Membership is non-transferable.

• Members agree to abide by all terms and conditions of Global Circle.

5. Termination

• Either party may terminate this Agreement by providing 30 days’ written notice.

• Membership may be terminated immediately for fraudulent activity or violation of this Agreement.

6. Liability

Encircle Benefits is not responsible for any loss, damage, or dissatisfaction resulting from use of vendor services. Members use vendor services at their own risk.

7. Governing Law

This Agreement shall be governed by the laws of __________________________.

8. Signatures

Encircle Benefits , LLC

Name: ___________________________
Title: ___________________________
Signature: _______________________
Date: ___________________________

Member

Name: ___________________________
Signature: _______________________
Date: ___________________________

Business Plan

Encircle Benefits Business Plan (Bank Loan Version)

1. Executive Summary

Company Name: Encircle Benefits
Business Type: Membership-based discount network

Mission: To bridge the gap between vendors across multiple industries and consumers, providing members exclusive discounts while helping vendors gain exposure and loyal customers.

Business Model:

• Members: Pay a monthly fee to access discounts in multiple industries.

• Vendors: Pay an annual fee to offer discounts to a growing member network.

Start Year: 2026
Target Market: Consumers seeking savings in auto, groceries, airlines, hotels, healthcare, utilities, and more.

Loan Purpose:

• $100,000 loan to cover Year 1 operations, startup costs, and cash reserve.

• $60,000 used to cover Year 1 operating expenses, $2,800 for startup costs, remaining $37,200 as cash reserve for continued operations.

2. Business Concept

Encircle Benefits connects members to vendors offering discounts across key industries:

• Automotive (purchase, repair, maintenance)

• Grocery & retail

• Airlines & travel services

• Hotels & lodging

• Vacation packages & cruises

• Insurance & healthcare

• Internet & utilities

Revenue Streams:

1. Vendor subscription fee: $2,000/year, starting Year 2

2. Member fee: $12/month, starting Year 2

Revenue Growth: 30% YoY for both members and vendors

3. Market Analysis

Target Customers:

• Individuals and families seeking savings.

• Frequent travelers, car owners, and health-conscious consumers.

Vendors:

• Businesses across multiple industries who want to increase customer reach.

• Target initial vendors: 200 companies

Market Opportunity:

• High demand for memberships and loyalty programs.

• Growing preference for bundled discount programs across industries.

4. Marketing Strategy

Promotion Channels:

• Online advertising ($1,000/year)

• Social media campaigns

• Referral programs for members and vendors

• Partnerships with vendors for co-marketing

Growth Plan:

• Members and vendors start at 0 in Year 1 (free period).

• Membership and vendor revenue begin in Year 2.

• Growth rate: 30% YoY for both members and vendors.

5. Operations Plan

Startup Costs:

ItemCost ($)Website500Advertisement1,000Office supplies/furniture500Opening expense300Business license500Total Startup Costs2,800

Recurring Costs:

ItemCost ($/year)Operating expense (office, utilities, software)60,000Marketing/ads1,000Employee commissions0 Year 1; 30% of net profit starting Year 2

Staffing:

• 2 employees, commission 0 in Year 1, 30% of net profit Year 2 onward

6. Loan Details

Loan Amount: $100,000
Interest Rate: 12% per annum
Loan Term: 5 years (60 months, fully amortized)

Monthly Loan Payment Calculation:

Using the loan amortization formula:

M=Pr(1+r)n(1+r)n−1M = P \frac{r(1+r)^n}{(1+r)^n - 1}M=P(1+r)n−1r(1+r)n​

Where:

• P=100,000P = 100,000P=100,000

• r=12%/12=0.01r = 12\% / 12 = 0.01r=12%/12=0.01 monthly

• n=60n = 60n=60 months

M=100,0000.01(1.01)60(1.01)60−1≈2,224/monthM = 100,000 \frac{0.01(1.01)^{60}}{(1.01)^{60} - 1} \approx 2,224 / monthM=100,000(1.01)60−10.01(1.01)60​≈2,224/month

Monthly Payment: ~$2,224
Annual Payment: ~$26,688

Cash Allocation:

• $60,000 → Year 1 operating expenses

• $2,800 → Startup costs

• $37,212 → Cash reserve for continued operations

7. Revenue Projections (5 Years)

Vendors Revenue (30% growth YoY, $2,000/year)

YearVendorsRevenue ($)1002200400,0003260520,0004338676,0005439878,000

Members Revenue (30% growth YoY, $12/month)

YearMembersRevenue ($)100210014,400313018,720416924,336522031,680

Total Revenue

YearTotal Revenue ($)102414,4003538,7204700,3365909,680

8. Expense Projections (5 Years)

YearOperating Expenses ($)Loan Payment ($)Startup ($)Total Expenses ($)160,00026,6882,80089,488260,00026,688086,688360,00026,688086,688460,00026,688086,688560,00026,688086,688

Employee Commission (30% of Net Profit, Years 2–5)

YearNet Revenue Before Commission ($)Commission ($)Net Profit ($)1-89,4880-89,4882414,400 - 86,688 = 327,71298,314229,3983538,720 - 86,688 = 452,032135,610316,4224700,336 - 86,688 = 613,648184,094429,5545909,680 - 86,688 = 822,992246,898576,094

9. Break-even Analysis

• Year 1: Loss $89,488 (loan covers operations)

• Year 2: Revenue $414,400, after loan payment and operating expense → net profit achievable, break-even reached early Year 2

10. Loan Justification

Amount Requested: $100,000

Purpose:

• Year 1 operating expenses: $60,000

• Startup costs: $2,800

• Cash reserve for continued operations: $37,212

Loan Repayment:

• Monthly payment: $2,224 (12% interest, 5-year term)

• Total annual loan payments: $26,688

• Cash flow from Year 2 net profit sufficient to cover loan and ongoing operations

11. Financial Summary (Bank Ready)

YearRevenue ($)Expenses ($)Employee Commission ($)Net Profit ($)1089,4880-89,4882414,40086,68898,314229,3983538,72086,688135,610316,4224700,33686,688184,094429,5545909,68086,688246,898576,094

Key Highlights for Bank Approval:

• Low startup cost, fully accounted for

• Loan repayment feasible from Year 2 onward

• Conservative growth assumptions (30% YoY)

• Scalable, multi-industry model

• Positive net cash flow from Year 2

Company Profile

Company Profile

Our Projects

Connecting members with trusted auto services.

Fleet Deals

Special rates for business vehicle fleets.

Member Perks

Exclusive discounts for our members.

Buying Clubs

Group savings on parts and services.

Service Network

Trusted shops across the country.

→

→

→

→

Our Services

Connecting you with trusted auto benefits tailored for members.

Membership Perks

Access special discounts and offers from local auto businesses.

Fleet Discounts

Save more with group rates designed for business fleets.

Join a network that simplifies your auto service needs.

Easy Access

Get in Touch

Questions about membership or partnerships? We're here to help.

Phone

1-800-555-DRVN

Email

support@drivelinx.com