3. LITIGATION HISTORY Neither the Seller, nor any of the officers, directo principal executives, and any other persons cha activities relating to the sale of business opportuniti or administrative proceeding alleging the violation fraud, embezzlement, fraudulent conversion, re mljjppropriation of property or comparable allegations; b) been the 9-ubject of any bankruptcy, general partner of reorldniz'ation or r"c6iudrship proceed'ing, or was an owner, a principal officer or a an entity which has been subject to such proceeding. 4. BANKRUPTCY HISTORY Neither Seller nor any person identified in ltem 2 fiscal years: (i) Filed in bankruptcy; (ii) been insolvency; or (iv) been a principal, director, management responsibilities of any other pers reorganized, during or within one (1) year after the 5. DESCRIPTION OF BUSINESS OPPORTUNITY Company is offering a business opportunity program designed to enable qualified entrepreneurs to 'a Healthcire Recruiting and Medical Staffing business. The Health Career Agents operate Owner/Operator will locate and contact healthcare professionals interested in exploring new employment opportunities. Acting as an "Agent" for the healthcare professional, the Owner/Operator will investigate employment positions at hospitals, clinics, imaging centers and other healthcare facilities. dwner/operitors are shown how to negotiate recruiting or staffing fees with the healthcare facility and present tnei, candidate if the opening is appropriate. lf a healthcare facility permanently hires ihe Owner/Operator's candidate, the Owner/Operator is paid a flat fee by the healthcare facility, typically equal to 2Oo/o to 30% of the candidate's first year salary. lf a medical facility uses an Owner/Operator's employee in a temporary staffing arrangement, the Owner/Operator receives a portion oi tne net profit,- or gross hourly revenue, minus wages, burden and cost of money. The borpany licenses its systeir but does not license the name "Health Career Agents." Each Owner/Operator does business under its own name. The Agreement does not have a term and Owner/Operator is not required to submit for renewal. The Agreement will continue until terminated by either party. 6. INITIAL FUNDS REQUIRED Health Gareer Agents Owner/Operators pay a one-time fee of $49,900 for training, support and resources received. Traininq - Health Career Agents Owner/Operators receive access to more than one hundred hours of ont'rne t-raining curriculum anO are able to participate in additional conference calls, web conference sessions, and other live supplementary training events including two days of on-site training at any regional conference and the option of aitending a week of on-site training at company's training office' tralning includes thorough instruction on the Healthcare Recruiting and Medical Staffing operations proce.J, healthcare spec-ialty terminology, lnternet research techniques, use of healthcare recruiting, medical staffing, and'reseaich software applications and building a recruiting team. Online training specifically covirs the initial steps required to starting a Healthcare Recruiting and Medical Staffing business and conducting ongoing operational activity. Recruiting presentations with healthcare candidates, interviewing, faciliiy piesentations, negotiations, and lnternet research are covered in detail. The optional weei<' of on-iit" training is condutted at Company offices and involves execution of actual recruiiing calls alongside experiencld recruiters. Health Career Agents will train ten individuals on recruiting sales procesJfor the benefit of the Owner/Operator and one individual on how to conduct lnternet research. Owner/Operator receives access to a Mentor once initial training is completed for a period of up to ninety (90) days.
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