LETTER AGREEMENT

Dear Pedro’s Pal: Deleted: Partner

By signing this Letter Agreement with Pedro’s Products (“Pedro’s”), you are Deleted: Predro’s

entitled to participate in the Pedro’s Pals benefits pursuant to the following terms of Deleted: Partner

participation. You agree this Letter Agreement does not establish partnership
liability between you and Pedro’s under the partnership laws of any state. This letter
constitutes the whole agreement between you and Pedro’s.

In exchange for providing Pedro’s with at least $25,000 (the “Payment

Amount”), you will be entitled to purchase products from Pedro’s at the Authorized
Pedro’s Pal Rate. You agree the Payment Amount does not constitute capital or an Deleted: Partner

advance. Also, you agree that providing the Payment Amount does not create any
property interest in Pedro’s or Pedro’s assets.

The products you purchase from Pedro’s may be kept or resold by you
anywhere in the U.S., unless prohibited by law. Pedro’s is not involved in the resell
process. This agreement does not establish profit sharing for the resell products.
Pedro’s does not maintain any interest in the products after your purchase from
Pedro’s. Further, Pedro’s is not liable for any losses that may occur including losses
that ensue from the product resell process.

The Authorized Pedro’s Pal Rate is equal to 30 % of the difference between Deleted: Partner Rate is equal to the retail price shown for a
product on the Pedro’s website, reduced by the Partner Profit
the price of the product, as listed on Pedro’s website, and Pedro’s cost for that Share. The Partner Profit Share equals 30% of Pedro’s retail
product. For example, if a product is listed on Pedro’s Product’s website for a retail profit. (Pedro’s retail profit is equal to

price of $30, and Pedro’s costs is $10, then Pedro’s retail is $20. The discount for a Deleted: .)

member of Pedro’s Pals on $20 is $6 (which is 30% of $20). Therefore, a member Deleted: profit

of Pedro’s Pals would pay $24 for the product, rather than $30. All calculations shall Deleted: Partner Profit Share

be done by Pedro’s in Pedro’s sole and absolute discretion. Further, you Deleted: Partners
Deleted: for the product.
acknowledge this agreement does not create any management rights in the Partners.
Deleted: of Pedro’s retail profit and Partner Profit Share
All management decisions are reserved to Pedro in his sole and absolute discretion.
 The cost of any product purchased from Pedro’s website will be deducted
from the Payment Amount. The Payment Amount may be increased by you at any
time, but it must always exceed the amount of any products you purchase from
Pedro’s website. If the Payment Amount is ever less than $10,000, the amount must
be increased to $25,000, or you will not receive the discount. Furthermore, the Deleted: Partner Profit Share.

Payment is NON-REFUNDABLE. It may be applied to purchases from Pedro’s

website, but it may never be repaid. Should Pedro’s cease to exist or Pedro in his
sole and absolute discretion chooses to terminate this program you agree Pedro is
not liable for the Payment Amount.

Pedro’s will also provide you with Business cards identifying you as one of
Pedro’s Pals. The business cards affiliate you with Pedro’s as part of the program Deleted: Partners

but do not establish an agency relationship. This agreement does not grant you
authority either actual or apparent to act on Pedro’s behalf.

[Other provisions in the Letter Agreement omitted from the excerpt include
rights, requirements, reporting, and termination provisions.]

Miscellaneous Provisions:

If any provision in this Agreement is held by a court of competent jurisdiction

to be invalid, void or unenforceable, the remaining provisions shall still continue in
full force without being impaired or invalidated in any way. This Agreement
constitutes the entire agreement between you and Pedro’s and may not be released,
discharged, changed or modified except by an instrument in writing, signed by both
you and Pedro’s. A waiver of, or failure to enforce any provision contained in this
Agreement on any occasion shall not be deemed to be a continuing waiver or a
waiver on any other occasion. Pedro’s may terminate this Agreement or your Pedro’s
Partner status for any reason upon 30 days’ notice to you, or at any time, with or
without notice, for any conduct that Pedro’s in its sole discretion believes violates
this Agreement, or is harmful to another buyer, third-party, or Pedro’s interests. You
agree to comply with any and all applicable laws and regulations and shall indemnify
and hold Pedro’s harmless for any failure, on your part, to do so.
 Welcome! I am so glad you are partnering with us, and we are excited to call
you one of Pedro’s Partners.

Pedro,

Pedro’s Products, Owner

I HAVE REVIEWED THE ABOVE LETTER AGREEMENT AND

UNDERSTAND AND AGREE TO ALL OF ITS TERMS AND CONDITIONS.

By:____________________ Date: ________________

[PRINT NAME], Pedro’s Partner

________________________________________________