This Partnership Agreement ("Agreement") is entered into as of 05/18/2024, by and between Intense National Football League Inc, a corporation with its principal place of business at 780 NE Midway Blvd, Oak Harbor, WA 98277, hereinafter referred to as "INFL," and Jonathon Crite, an individual residing at 1014 Oakwood Ln, Centerton, AR 72719, hereinafter referred to as "Jonathon Crite." Collectively, INFL and Jonathon Crite may be referred to as the "Partners" or individually as a "Partner."
WHEREAS, the Partners desire to enter into a partnership for the purposes set forth herein and to define their respective rights and obligations;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Partners hereby agree as follows:
1. Partnership Formation: The Partners agree to form a partnership (the "Partnership") effective as of the date of this Agreement.
2. Name of Partnership: The business of the Partnership shall be conducted under the name "Intense National Football League Inc" or such other name as the Partners may agree upon.
3. Principal Office: The principal office of the Partnership shall be located at 780 NE Midway Blvd, Oak Harbor, WA 98277, or such other place as the Partners may determine.
4. Purpose: The purpose of the Partnership shall be to engage in the business activities of managing and promoting the Intense National Football League and any other related activities as determined by the Partners.
5. Contributions and Ownership: a. Jonathon Crite shall provide services as laid out by Darin Andrews, the President & CEO of INFL. b. In consideration for his services, Jonathon Crite shall receive a forty-nine percent (49%) ownership interest in the Partnership.
6. Management and Duties: a. The business and affairs of the Partnership shall be managed under the direction of the Partners. b. Jonathon Crite shall undertake the responsibilities and duties as assigned by Darin Andrews, including but not limited to [specific services, if any, should be detailed here].
7. Profit and Loss Sharing: The profits and losses of the Partnership shall be shared among the Partners in proportion to their respective ownership interests, as follows:
• Intense National Football League Inc: 51%
• Jonathon Crite: 49%
8. Distributions: Distributions of Partnership profits, when made, shall be in accordance with the Partners' respective ownership interests unless otherwise agreed upon in writing by the Partners.
9. Term and Termination: a. This Agreement shall commence on the date first above written and shall continue until terminated as provided herein. b. The Partnership may be terminated by mutual written agreement of the Partners or by either Partner upon ninety (90) days' written notice to the other Partner.
10. Confidentiality: Each Partner agrees to maintain the confidentiality of all proprietary information, trade secrets, and other confidential information of the Partnership obtained during the term of this Agreement and thereafter.
11. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to its conflict of laws principles.
12. Entire Agreement: This Agreement constitutes the entire agreement between the Partners with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
13. Amendments: This Agreement may be amended or modified only by a written agreement signed by both Partners.
14. Counterparts: This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Partners have executed this Partnership Agreement as of the date first above written.
Intense National Football League Inc
By: Darin Andrews
Jonathon Crite
By: Jonathon Crite