Disclosure Statement
Webfoot Enterprises – Hosting and Payment Processing Services for Oil Slickers Society International
Webfoot Enterprises operates as an independent internet webhosting company providing website hosting and online money-collection services to Oil Slickers Society International ("the Club"). These services enable the Club to offer products and memberships for sale through its official website.
1. Scope of Services
- Webfoot Enterprises hosts the Club’s website and facilitates secure online payment collection for all product sales and membership transactions.
- A nominal handling fee is added to each transaction and paid directly by the customer (not deducted from the Club’s revenue or bottom line).
- Webfoot Enterprises is permitted to sell and advertise its own products on the Club's website.
2. Monthly Transparency Reporting
- Each month, Webfoot Enterprises will provide a detailed sales report to the Club’s full membership. This report will include:
- Total gross revenue from online sales and memberships.
- Total third-party merchant account processing fees.
- Webfoot Enterprises’ handling fees collected from sales.
- Net proceeds to the Club will be disbursed at the next regularly scheduled club meeting.
3. Pledge of Handling Fees
- All handling fees collected by Webfoot Enterprises for these services are hereby pledged in full to Oil Slickers Society International to be applied exclusively toward the repayment of the Club’s outstanding debts and the maintenance of its financial solvency.
- This pledge remains in effect until the Club has satisfied all outstanding debts and achieved sustained financial solvency, as determined by the Club’s governing body. Upon reaching solvency, Webfoot Enterprises will retain its handling fees as compensation for services rendered.
4. Additional Member Benefits and Club Support
- Webfoot Enterprises will offer exclusive discounts on its online internet and VW-related products to all actively paid Club members.
- Commissions earned (rate varies per product) from member purchases of Webfoot Enterprises products will be donated back to the Club, further ensuring long-term solvency.
5. Privacy & Data Protection
- Webfoot Enterprises will not share nor sell information collected by this website with any 3rd party with the sole exception of merchant services that process financial transactions for the sales on this website.
This arrangement ensures full transparency, protects the Club’s revenue stream, provides dedicated financial support during the Club’s debt repayment and stabilization period, and delivers ongoing value to Club members. Webfoot Enterprises acts solely as a service provider and assumes no idependent ownership, control, nor liability over the Club’s funds, products, or membership activities beyond the scope defined herein.
Effective Date: 10/30/2025