THIS AGREEMENT by and between KR Travel & Tours Company (aka This) and assigns, and an independent contractor, acting as a Referral Agent(s) / Travel Agent(s) / Affiliate Marketing Agents, as named in said application submitted with this agreement.

W I T N E S S E T H:

WHEREAS, KR Travel & Tours with company offices at P-5.B-1.L-14, Brookfield Subd., Basak, Sudtungan, Lapu-Lapu City, 6015 Philippines, is engaged in the travel business; and

WHEREAS, the independent contractor, "Agent" as in Referral Agent(s) / Travel Agent(s) / Affiliate Marketing Agents, is an individual or business who refers prospects to said Agency.

NOW THEREFORE, it is agreed:

1. Commissions - The Referral Agent(s) / Travel Agent(s) / Affiliate Marketing Agents shall be entitled to a commission if all necessary information concerning the reservation or trip has been properly forwarded to KR Travel & Tours and the prospect(s) have completed their itinerary without negative consequence or recourse. Referral Agent(s) / Travel Agent(s) / Affiliate Marketing Agents will receive net commissions (net of all applicable administrative charges, and fees). Commision shall be made on automatic deduction from the total amount quotation from the booking request submitted to KR Travel & Tours.

2. Expenses - Each Agent is responsible for all expenses related to acquiring leads. Therefore, the Agency shall not be liable for any expenses incurred by the Agent during their efforts to secure a prospect including, but not limited to: advertising, postage, telephone calls, insurance, business cards, mileage, entertainment expenses, and any other expense related to obtaining leads and forwarding the appropriate information.

3. Benefits - Referral Agent(s) / Travel Agent(s) / Affiliate Marketing Agents are not employees and; therefore, shall not be entitled to any company benefits to include but not limited to health insurance, life insurance, bonuses, office space, retirement accounts, vacation, workmen's compensation, sick pay, and profit sharing.

4. Liability - The Agency shall be 'held harmless' by the Agent for theirs or any third parties acts while conducting business in behalf of the Agency when not covered by liability or insurance. In the event of any dispute, litigation, or legal expenses stemming from any transaction involving the Agent, the Agent will be liable for all expenses connected with such a dispute.

5. Termination - This agreement, and the relationship created hereby, may be terminated immediately by either party hereto, with or without cause, at any time upon delivery of a 10 day written notice. Upon termination of this agreement, the Agent shall be entitled to compensation earned prior to the date of termination as provided for in this agreement. The Agent agrees not to furnish to anyone, any information as to the Agency's clients, business procedures, trade secrets, terms, or conditions. Clients brought into the Agency because of the Agent's own direct efforts and expense shall be considered the property of the Agent.

This Agreement may be terminated immediately by KR Travel & Tours discretion if the Agent has: (1) Abused or not complied with policy and procedures of KR Travel & Tours or (2) The Agent has otherwise breached this agreement.

6. Entire Agreement - This agreement constitutes the entire agreement between the Agency and the Agent, and there are no other agreements or understandings concerning such agreement which are not set forth herein. The Agent understands that any procedures, policies, or conditions set forth in this contract are subject to change and KR Travel & Tours reserves the right to alter, change, or revise any portion of this Agreement upon a 10 day notice.

7. Modification - We may modify any of the terms and conditions contained in this Agreement, at any time and in our sole discretion, by posting a change notice or a new agreement on this site. Modifications may include, for example, changes in the scope of available referral fees, fee schedules, payment procedures, published rates and Program rules. IF ANY MODIFICATION IS UNACCEPTABLE TO YOU, YOUR ONLY RECOURSE IS TO TERMINATE THIS AGREEMENT. YOUR CONTINUED PARTICIPATION IN THE PROGRAM FOLLOWING OUR POSTING OF A CHANGE NOTICE OR NEW AGREEMENT ON OUR SITE WILL CONSTITUTE BINDING ACCEPTANCE OF THE CHANGE.

The failure of either party to enforce at any time any of the provisions or terms of the agreement shall not be construed to be a waiver of such provision or term, nor of the right of any party therefore to enforce such term or provision.