Text of the Joint Fundraising Agreement

Team Kennedy and the Libertarian National Committee

Joint Fundraising and General Agreement

This Joint Fundraising and General Agreement (the “Agreement”) was made on July 30, 2024, by and between Team Kennedy, Inc. (“TK”), the Libertarian National Committee (“LNC”), and the American Independent Party of California (“State Party Organization”), the Libertarian Party of Colorado (“State Party Organization”), and the Libertarian Party of Florida (“State Party Organization”) to outline key aspects of their collaboration. The Agreement will be managed by the Kennedy Victory Fund 2024, the Joint Fundraising Representative, which is a Joint Fundraising Committee (“JFC”). This agreement expires February 1, 2025, but may be extended for a mutually agreed upon length of time before expiration.

1. Fundraising

A. TK may choose and invite State Party Organizations to join the JFC, each of whom will be able to accept up to $10,000 and transfer it to LNC.

B. TK and LNC may choose, by mutual agreement, and invite other organizations to join the JFC.

C. Donations to the JFC shall be allocated to organizations in the following order, proceeding from each organization to the next once the contribution limits of the preceding organizations have been reached:

i. TK ($6,600 contribution limit per donor)

ii. LNC ($41,300 contribution limit per donor)

iii. State Party Organizations, which shall each hold an equal position in the allocation order and receive an equal split of the funds allocated at this stage

iv. Other organizations

D. TK reserves the right to reorganize the JFC allocation order of organizations at any time, except that TK will remain first in the allocation and LNC will remain second.

E. Funds donated to State Party Organizations through the JFC will be transferred to LNC, except for the portion allocated to each State Party Organization (in section: 2. Spending A.b.ii.).

F. Any Advanced Costs shall be paid according to the allocation formula and FEC guidelines.

G. The JFC will pay operational expenses, including legal costs incurred from operational expenses, and distribute net proceeds according to FEC guidelines and the terms of this agreement.

2. Spending

A. Funds received by LNC through the JFC will be deposited and spent in the following manner:

a. Of the first $41,300 per donor received by LNC directly from the JFC, or fraction thereof:

i. Ninety percent (90%) shall be deposited into LNC’s New Bank Account and spent supporting TK.

ii. Ten percent (10%) shall be deposited into LNC’s Existing Bank Account and may be spent elsewhere by LNC.

b. Of the funds contributed directly to State Party Organizations from the JFC: i. Ninety percent (90%) shall be transferred to LNC. The full amount of such transfers shall be deposited into LNC’s New Bank Account reference in Section 2.A.a.i.

ii. Ten percent (10%) shall remain with each State Party Organization.

B. Funds spent from LNC’s New Bank Account will be spent in coordination with and at the direction of TK with due diligence to all laws and regulations.

3. Distinct Organizations

A. Aside from the above, TK and LNC shall maintain their independence as organizations in all areas including but not limited to: platform, policy, strategy, spending, digital presence, branding, social media, and websites.

4. Governing Law

A. This Agreement will be construed, interpreted, and applied according to the Laws of the State of Florida. In the event of any civil litigation being commenced, venue will lie with a court of competent jurisdiction in Tampa, Hillsborough County.

5. Confidentiality and Proprietary Information

A. Both parties acknowledge that it will be necessary for each to disclose certain confidential and proprietary information to the other party in order for the parties to perform their duties under this Agreement. The non-disclosing party acknowledges that disclosure to a third party or misuse of this proprietary or confidential information would irreparably harm the disclosing party. Accordingly, the non-disclosing party will not disclose or use, either during or after the term of this Agreement, any proprietary or confidential information of the disclosing party without the non-disclosing party’s prior written permission except to the extent necessary to fulfill this Agreement.

Proprietary or confidential information includes, but is not limited to:

● The written, printed, graphic, or electronically recorded materials furnished by the disclosing party to the non-disclosing party;

● Any written or tangible information stamped “confidential,” “proprietary,” or with a similar legend, or any information that the disclosing party makes reasonable efforts to maintain the secrecy of, business or marketing plans or strategies, customer lists, operating procedures, trade secrets, design formulas, know-how and processes, computer programs and inventories, discoveries and improvements of any kind, sales projections, and pricing information; and

Information belonging to customers and suppliers of the disclosing party about whom the non-disclosing party gained knowledge as a result of the disclosing party’s relationship with the non-disclosing party.

Upon termination of the Agreement, or at the disclosing party’s request, the non-disclosing party shall deliver all materials to the disclosing party in the non-disclosing party’s possession relating to the disclosing party’s business. The non-disclosing party acknowledges any breach or threatened breach of confidentiality under this Agreement will result in irreparable harm to the disclosing party for which damages would be an inadequate remedy. Therefore, the disclosing party shall be entitled to equitable relief, including an injunction, in the event of such breach or threatened breach of confidentiality. Such equitable relief shall be in addition to the disclosing party’s rights and remedies otherwise available at law.

6. Assignment

A. This Agreement shall not and cannot be assigned and shall become effective on the day it is signed by both TK and LNC.

7. Severability

A. This Agreement shall remain in effect in the event a section or provision is unenforceable or invalid. All remaining sections and provisions shall be deemed legally binding unless a court rules that any such provision or section is invalid or unenforceable, thus, limiting the effect of another provision or section. In such case, the affected provision or section shall be enforced as so limited.

8. Entire Agreement

A. This Agreement, along with any attachments or addendums, represents the entire agreement between the parties. Therefore, this Agreement supersedes any prior agreements, promises, conditions, or understandings between TK and LNC. This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties.

We the undersigned, have read, understand, and agree to each of the provisions of this Agreement and hereby acknowledge receipt of a signed copy of it.

Team Kennedy, Inc.
____________________________ ____________________________
Matthew Sanders, COO Date

Libertarian National Committee
____________________________ ____________________________
Angela McArdle, Chair Date
American Independent Party of California
____________________________ ____________________________
Victor Marani, Chair Date

Libertarian Party of Colorado
____________________________ ____________________________
Hannah Goodman, Chair Date

Libertarian Party of Florida
____________________________ ____________________________
Joshua Hlavka, Chair Date

Exhiibit A: Joint Fundraising Committee Allocation Order

1. $6,660 – TK

2. $41,300 – LNC

3. $10,000 – Per FEC-Recognized State Party (Each state party account fills up
simultaneously with an even split for all states at this level of the allocation formula)

4. Other Organizations (Possibly a legal defense fund)

Funds Distribution

1. $6,600 – TK

2. $41,300 – LNC

a. $37,170 – Ninety Percent (90%) Deposited in LNC’s New Bank Account

b. $4,130 – Ten Percent (10%) Deposited in LNC’s Existing Bank Account

3. $10,000 – Per FEC-Recognized State Party (Each state party account fills up simultaneously with an even split for all states at this level of the allocation formula)

a. $9,000 – Which is then transferred to LNC’s and deposited in LNC’s New Bank
Account

b. $1,000 – Which remains with the respective state party.