Deferred Payment Agreement 2
Last Updated: 2.3.25
DEFERRED PAYMENT AGREEMENT
This Deferred Payment Agreement (the "Agreement") is entered into as of the date of the Client's payment of the initial $1,500 (the "Effective Date") by and between Adamant Ventures LLC ("Adamant"), a company registered in California, and the undersigned client (the "Client").
1. Scope of Services
Adamant agrees to provide its Adamant Launch service (the "Service") to the Client at a total price of $5,400. The Service includes investor research, outreach strategy, and messaging-related work to support the Client’s fundraising efforts.
2. Payment Terms
The Client shall pay an initial, non-deferred payment of $1,500 upon acceptance of this Agreement. The remaining $3,900 (the "Deferred Amount") shall be payable only if and when the Client successfully raises at least $15,000 (the "Milestone") from fundraising conversations set up or aided by Adamant’s work. The Client shall notify Adamant via email as soon as they reach the Milestone. The Deferred Amount shall be due within thirty (30) days of the Client reaching the Milestone.
3. Definition of Fundraising Milestone
The Milestone shall be deemed met when the Client receives at least $15,000 in total funding from any source that was setup, supported, or influenced by the “Service”, including but not limited to equity investments, grants, revenue-based financing, or service credits, provided that the Client considers such funds as money they would have otherwise spent. Excluded from the Milestone are: Personal loans, Credit card advances, and any funding that was not facilitated or influenced by Adamant’s work. The Client self-reports when the Milestone is met, and Adamant relies on the Client’s honor to apply this agreement in good faith.
4. Refund Policy
The initial $1,500 payment is non-refundable unless Adamant is unable to identify at least 100 investors mapped to the Client’s current LinkedIn network. If this condition is not met, the Client may request a refund of the initial payment. If the Client cancels the Service after paying the $1,500 but before the Service has been delivered and before reaching the Milestone, no further payments are required. If the Client cancels the Service after reaching the Milestone, the Deferred Amount remains due.
5. Discretionary Approval
The deferred payment option is discretionary and subject to Adamant’s approval. Adamant reserves the right to determine eligibility on a case-by-case basis.
6. No Late Penalties
This Agreement is based on mutual trust. No late fees, penalties, or enforcement measures will be applied if the Client does not make the Deferred Payment.
7. Governing Law
This Agreement shall be governed by and construed under the laws of the State of California.
8. Electronic Acceptance & Binding Agreement
By making the initial $1,500 payment, the Client acknowledges and agrees to the terms of this Agreement, including their obligation to pay the Deferred Amount if the Milestone is met. The Client further acknowledges that this Agreement is legally binding and enforceable upon payment.
9. Honor Pledge
The Client agrees to send a short email upon making the initial payment, stating that they will, on their honor, follow the spirit of the Agreement. If viewing this agreement on web, click here to start the email.
The email should be sent to hi@admnt.com with the following text:
“"I [FULL NAME] understand the deferred payment agreement and will pay the deferred amount once we hit the fundraising milestones in the agreement."”
The Service will not begin until the Client sends this email.
CLIENT AGREES TO THESE TERMS BY MAKING THE INITIAL PAYMENT OF $1,500.