Affiliation Agreement

Your accept the agreement here below (“Agreement”) with Capital Index Ltd. (“Company”,) by ticking the box entitled “I accept the Affiliate Terms and Conditions” in our Affiliate Registration Form.

  1. Definitions and Interpretations

1.1.      Account: The unique assigned client account that is created for each Trader when it registers a trading account at www.capitalindex.com and the account is approved and verified by the Company.

1.2.      Affiliate: An entity (private person, regulated and non-regulated introducer, website owner and/or regulated firm) that received confirmation from the Company, at the Company’s sole and non-negotiable discretion, that it has successfully completed the Affiliate Application Form, that it is included in the Program and that it has received a Tracker ID linked to the Site(s) in accordance with the terms of this Agreement.

1.3.      Affiliate Commission: The amount payable to the Affiliate due to the (i) Commission Plan, and/or (ii) the Sub-Affiliate commission (as applicable), based solely, exclusively and reasonably on the Company’s data and calculations as specified in the Report(s) available in the Affiliate Program.

1.4.      Affiliate Section: Online-based Software and Website (www.capitalindexpartners.com) where each Affiliate may review the Report(s), update their profile with personal details such as payment preferences, create Unique Tracking URLs, select Banners and Text Link and other additional functions. The Company reserves the right to add and/or remove any tools from the Affiliate Section at any time, at its sole and absolute discretion.

1.5.      Banner and Text Link: Static and Animated Graphics, pictures, artwork or text that an Affiliate uses to send traffic to and promote www.capitalindex.com and its inner pages, to sent traffic to and promote www.capitalindexpartners.com and/or to track and measure performance of Clients Affiliate’s website to the Site(s).

1.6.      Bonus: Such incentives in the form of virtual monetary and non-monetary awards offered or given to Traders from time to time to encourage their activity as a Trader.

1.7.      Commission Plan: CPA Plan, Revenue Share Plan Hybrid Plan.

1.8.      Company TradeMarks: means Trademarks, trade names, service names, Banners and Text Links, marketing tools, logos of the Company and its suppliers placed on the Trading Platform or otherwise used with respect to the Trading Platform or the Site(s) by the Company and all similar proprietary rights, together with all translations, adaptations, derivations and combinations thereof, all applications, registrations and renewals in connection therewith, and all rights to corporate names, metatags and universal resource locators owned or used by the Company, including without limitation the “Capital Index” and any other mark as may be used by the Company, from time to time.

1.9.      CPA (Cost Per Acquisition) Plan: A Commission plan where an Affiliate receives its Affiliate Commission according to the number of Depositing and Qualified Traders referred by the Affiliate to the Site(s); the Affiliate Commission shall be specified on the Affiliate Section and is updated from time to time at the Company’s sole and absolute discretion. For example, if an Affiliate is entitled to receive $500 per Depositing and Qualified Trader, and Affiliate referred 5 Depositing Traders in a certain month, 4 of which are Qualified Traders, Affiliate shall be entitled to receive consideration for such month 4*500 = $2,000.

1.10.    Fraud Traffic: Any deposits, Revenue, Bonuses, Clicks or traffic generated by the Affiliate to the Site(s) through illegal means and with the intention to defraud the Company by illegally increasing the affiliate commissions, regardless and whether or not it actually causes harm to the Company. Fraud Traffic includes, but is not limited to: Spam, false advertising, deposits generated by stolen credit cards, deposits generated by the affiliate’s circle of friends and/or family with the sole purpose if increasing her/his own affiliate commissions, bonuses or promotions abuses, incentivised traffic such as offers to share the Affiliate Commissions directly or indirectly with Traders, and any other forms of unauthorised use of any third party accounts, copyrights or trademarks.

1.11.    Gross Revenue: The accumulated Revenue actually received by the Group from each Trader solely as a result of activity by the Trader on the Trading Platform, including any Bonuses given to the Trader. For example, in the event a Trader executed during a calendar month a total of 3 transactions, and from each transaction the Company collected and was paid a Spread equal to $50, $70, and $100 respectively, and during such calendar month the Company gave such Trader a $50 Bonus, the Gross Revenue of such Trader during such calendar month shall be (50+70+100+50) = US$270.

1.12.    Marketing Material: Any material used by an Affiliate in order to promote any activity related to the Company or the Site(s), including Banners, Text Links, Widgets, Newsletters and any other promotional material that an Affiliate subsequently uses or develops to refer or hyperlink Traders from the Affiliate’s website to the Site(s).

1.13    Net Revenue: The accumulated Spreads minus any bonuses awarded to the Trader.

1.14.    Non-Active Affiliate: Any Affiliate generating less than five (5) new Qualified Traders, during any consecutive twelve (12) months.

1.15.    Program: Company’s affiliate program located at www.capitalindexpartners.com.

1.16.    Program Registration Form: A registration page located at www.capitalindexpartners.com/register and utilised for the participation in the Program.

1.17.    Qualified Trader: A genuine unique depositing user who is directed by an Affiliate and identified by a Tracker ID assigned to such Affiliate; provided that: (i) such Affiliate is confirmed by Company as included in the Program and is linked to the Site(s) in accordance with this Agreement, (ii) such user has been approved by the Company and has made a minimum real money deposit of at least US$100, or such other minimum amount as shall be specified by the Program from time to time, (iii) with respect to the CPA Plan only, the Company has collected from such user Spreads in an amount of at least US$50, or such other amount as shall be specified by the Program from time to time, and (iv) such user is not already registered to the Site(s) under a different name, different identity or different IP address. Neither an Affiliate nor any of its Affiliated Parties are eligible to become Qualified Traders under such Affiliate’s Tracker ID(s), and should Affiliate or any of its affiliated parties do so register, Affiliate will not be eligible to receive the applicable commission and the Affiliate agreement will be terminated with immediate effect, by written confirmation via email.

1.18.    Revenue Sharing Plan: An Affiliate compensation plan where the Affiliate Commission payable to Affiliate is calculated as a percentage of the Net Revenue attributed to such Affiliate. For example, if an Affiliate is entitled to receive 25% for Net Revenue from US$10,001 up to US$20,000, and in a certain month such Affiliate referred such number of Qualified Traders which generated a total of US$15,000 Net Revenue in such month, Affiliate shall be entitled to receive consideration for such month 25%*15,000 =US$3,750.

1.19.    Site(s): www.capitalindex.com and any other website as may be added by the Company, in its sole and absolute discretion, from time to time.

1.20.    Spam or Unsolicited Promotions: Any emails or any other messages that are circulated by Affiliate, directly or indirectly, including messages that are posted on social media networks, forums, other types of online media and which: (i) are directed at third parties who have not opted in writing to receiving promotional messages from such Affiliate; (ii) contain false or misleading statements; (iii) or do not provide the recipient with an option to easily be removed from receiving future mailings or promotions.

1.21.    Spread: The difference between the Buy price and the Sell price of a certain instrument at the time the Trader opens a position on the Trading Platform.

1.26.    Tracker(s) ID: The unique Tracking ID, which is related to the Tracker URL that the Company provides exclusively to the affiliate, through which the Company tracks and calculates Affiliate Commission.

1.27.    Tracking URL: A unique hyperlink to the Site(s) enabling an Affiliate to refer potential Traders to the Site(s), and enables Company to identify the Affiliate that has referred such specific Trader for the purpose of calculating the Affiliate Commission.

1.28.    Trademarks: All trademarks (registered and unregistered), service marks and logos displayed on the Site(s).

1.29.    Trader(s): Any user of the Trading Platform.

1.30.    Trading Platform: The Company’s technology dedicated for online trading, allowing participants to trade online, and including the Company’s billing, support, retention and promotion services and activities.

  1. Affiliate Program Agreement

2.1.      Registration. In order to participate in the Program an applicant must submit a Program Registration Form, which may be rejected by the Company at its sole discretion. The Company shall evaluate each Program Registration Form and shall inform each applicant whether the Company approves such Program Registration Form, pursuant to which the applicant will become an Affiliate.

2.2.      Appointment of Affiliate.

2.2.1.   Upon the Company’s approval of Affiliate’s Program Participation Form and by the acceptance of this Agreement, the Company grants Affiliate the non-exclusive and non-transferable right to direct potential Traders and Qualified Traders to the Site(s), subject to the terms and conditions of this Agreement.

2.2.2.   This Agreement does not grant Affiliate the exclusivity to assist the Company in the provision of services of Affiliate’s referrals, and the Company intends to contract with other Affiliates to perform services of the same or different nature as those provided by the Affiliate.

2.3.      Compensation Plan.

2.3.1.   Subject to any applicable regulation and the Company’s approval, the applicant shall choose a Compensation Plan on the Program Participation Form. An Affiliate may not change the elected Compensation Plan unless agreed in writing with the Company.

2.3.2.   The Company may change an Affiliate’s Compensation Plan, at any time, at its sole and discretion and with immediate effect, by sending such Affiliate a notice by e-mail. In the event Affiliate does not agree to such change, it shall notify the Company by return e-mail within five (5) working days of receiving such notice from the Company; if no mutual agreement is found, the Agreement shall terminate immediately. In the event Affiliate does not notify the Company within five (5) working days from the notice, it shall be deemed as an approval by the Affiliate to such change in the Compensation Plan.

2.4.      Costs and Expenses. The Affiliate shall bear all costs and expenses of any nature whatsoever incurred in connection with this Agreement. Under no circumstances shall the Company be liable hereunder for any amounts other than the Affiliate Commission.

  1. Affiliate Tracking and Payments

3.1.      Affiliate Commission. The Affiliate Commission shall be calculated as follows:

3.1.1.   Revenue Sharing Plan: The Affiliate Commission shall be that percentage of the Net Revenue of the Qualified Traders referred by and tracked to such Affiliate. The percentage shall be specified on the Commission Section of the Affiliate Program as updated from time to time at the Company’s sole and absolute discretion.

3.1.2.   CPA Plan: The Affiliate Commission for each Qualified Trader referred by an Affiliate to the Site(s) shall be specified on the Affiliate Section, as updated from time to time at the Company’s sole and absolute discretion.

3.2.      Tracking and Payment. The Company shall track Traders’ activity for the purpose of calculating the Affiliate Commission and such information shall be available to the Affiliate in the Affiliate Section. The Affiliate Commission shall be paid on a monthly basis in accordance with the information set forth in the Report.

3.3.      Time of Payment. Affiliate Commission will be payable within fifteen (15) days after the end of each calendar month, except that, in no event will the Company pay to an Affiliate an amount which is less than US$100. In the event that the Affiliate’s balance at the end of a calendar month is less than US$100, such balance shall be carried over and added to the next month’s Affiliate Commission. In the event that the balance amount carried over does not total US$150 within six (6) consecutive calendar months, then the amount due will be voided and cancelled, and the Company may terminate this Agreement with no liability whatsoever to Affiliate.

3.4.      Method of Payment. Affiliate Commissions by the Company shall be made in any currency and method as may be determined by Company, in accordance with the Company’s policy and subject to applicable law. Charges for wires or courier charges for checks will be covered by Affiliate and deducted from the Affiliate Commission.

3.5.      COMPENSATION FOR QUALIFIED TRADERS ONLY. IN ADDITION TO ANY OTHER TERMS AND CONDITIONS SET FORTH ANYWHERE IN THIS AGREEMENT OR UNDER APPLICABLE LAW, AFFILIATE SHALL NOT BE ENTITLED TO RECEIVE ANY AFFILIATE COMMISSION FOR ANY TRADER UNLESS AND UNTIL SUCH TRADER HAS BEEN APPROVED AND QUALIFIED BY THE COMPANY AS A QUALIFIED TRADER. FOR THE REMOVAL OF ANY DOUBT IT IS HEREBY CLARIFIED THAT THE COMPANY RESERVES THE RIGHT, AT ITS SOLE AND ABSOLUTE DISCRETION, TO CHANGE, MODIFY, ADD OR REMOVE, AT ANY TIME, ANY CRITERIA APPLYING TO ANY OF THE COMPENSATION PLANS, INCLUDING WITHOUT LIMITATION, SETTING ANY BASELINE, THRESHOLD, MINIMUM DEPOSITS/EARNINGS AND/OR OTHER REQUIREMENT(S) FOR QUALIFYING INTO ANY OF THE COMPENSATION PLANS AND/OR FOR RECEIVING ANY AFFILIATE COMMISSION SET FORTH HEREUNDER.

3.6.      Trader Verification. Affiliate Commission in relation to new Qualified Traders will be made only following Company’s verification and checks concerning all new Traders in accordance to the requirements of any applicable law and the Company’s internal verification process.

3.7.      Non Active Account. A Non-Active Affiliate shall not be entitled to receive any Affiliation Commission from the Company.

3.8.      Holdover for Non-Compliance. Notwithstanding the forgoing, the Company may, at its sole and exclusive discretion, withhold, delay or deny payment of the Affiliate Commission in any of the following events: (i) the Company has reason to believe that the Affiliate’s activity is not in compliance with any applicable law set by the regulator CySec; (ii) the Company has reason to believe that the Affiliate’s activity is in breach of this Agreement; (iii) the Affiliate has failed to complete any form as may be required by the Company or has completed misleading or incorrect information in a form provided by Affiliate to the Company; (iv) the Affiliate has failed to provide any document as may be demanded by the Company.

3.9.      Holdover for Fraud Traffic. In the event that any activity in Affiliate’s account, or in any account which appears to be controlled or managed by the Affiliate, is deemed suspicious by the Company at its sole determination, the Company may at its own discretion delay payment of the Affiliate Commission to the Affiliate for up to one hundred and twenty (120) days in order to verify the relevant transactions. In the event that the Company determines the activity constitutes Fraud Traffic, the Company shall recalculate or hold the Affiliate Commission accordingly and at its sole discretion. In the event that the Company determines that Affiliate is involved, whether directly or indirectly, in any fraudulent or illegal activity connected in any way to the Company, the Company shall have the right, to render the Tracking URLs assigned to such Affiliate inoperative, and immediately block Affiliate’s access to the Program, with no compensation to Affiliate. Affiliate irrevocably waives any claim or demand against the Group, its directors, officers, employees or against the Site(s) in respect of such action taken by Company.

3.10.    Trader Tracking. Affiliate represents that it is aware and agrees that upon signing up as a Trader, each Traders must link through a Tracking URL provided to it by the Affiliate to enable the Affiliate to receive Affiliate Commission in relation to such potential Trader(s). In no event shall the Company be liable for failure of Affiliate or any Trader to use the Affiliate’s Tracking URL.

3.12.    If Affiliate disagrees with the Reports or amount payable, Affiliate should NOT accept payment for such amount and immediately send the Company a written notice of its dispute. Dispute notices must be received by the Company within thirty (30) days of the end of each calendar month for which payment is made, or Affiliate’s right to dispute such Report or payment will be considered waived and Affiliate shall have no claims in such regard.

3.13.    Tax. It is Affiliate’s sole responsibility to comply with any tax laws that apply to Affiliate Commission, and Affiliate consents that to the extent required by applicable law and regulations, Company may provide information regarding Affiliate’s Commission to any government agency.

  1. Additional Terms and Conditions

4.1.      Provision of Information. Affiliate shall provide true and complete information to the Company at all times, as may be requested by the Company from time to time. The Affiliate acknowledges that it is aware that prior to receiving any Affiliate Commission, the Affiliate must provide the Company with all information as may be requested by the Company, including any information required pursuant to regulatory rules. Such information shall include, but is not limited to, the following:

4.1.1.   For an Individual: (1) copy of a valid photo identification card; (2) name; (3) identity number; (4) date of birth; (5) nationality; (6) address of residence; (7) contact information; (8) location and nature of marketing activities; (9) VAT registration or other tax reference; (10) bank details for commission remittances, including: name on bank account, bank account number and sort code or IBAN, Bank name and address.

4.1.2.   For a Company: (1) registration name; (2) company ID; (3) country of registration; (4) registered office address in the country of registration; (5) copy of Affiliate’s certificate of incorporation; (6) business address if different than registered office; (7) VAT registration or other sales tax reference; (8) regulatory/licensing registration number, if applicable; (9) names of directors/partners; (10) copy of a valid photo identification card of the main executive director and/ or partner including name, address and date of birth; (11) copy of a valid photo identification card and details of beneficial owner(s) including name, address and date of birth; and (12) bank details for commission remittances, including: name on bank account, bank account number and sort code or IBAN, bank name and address.

4.2.      Marketing Materials.

4.2.1.   Affiliate’s Marketing Materials shall comply with the guidelines located at the Affiliate Section and the restrictions set forth in Section 4.3 herein.

4.2.2.   Prior to the Affiliate’s use or amendment of any Marketing Materials, the Affiliate shall submit a sample to the Company for its review and approval. The Marketing Material may be used by the Affiliate only upon receiving the explicit written approval by the Company, which may be denied at the Company’s sole and exclusive discretion. In the event such approval is granted, the Affiliate agrees and hereby does assign and transfer to the Company, its successors, assignees, or nominees, all of Affiliate’s right, title and interest to the materials created and made by (or for) the Affiliate.

4.2.3.   In the event that the Affiliate makes use of any Marketing Material not approved by the Company, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Tracking URLs assigned to such Affiliate inoperative, and immediately block Affiliate’s access to the Program and deny any Affiliate Commission, with no compensation to Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Group, its directors, officers, employees or against the Site(s) in respect of such action taken by Company.

4.3.      Restrictions. All Affiliate activities must be professional, proper and in full compliance with applicable laws and the Affiliate will be solely responsible for the content and manner of its activities. An Affiliate and its website, to the extent the Affiliate operates through a website, may not be engaged, directly or indirectly, in conduct that the Company, at its sole discretion, deems to be illegal, improper, unfair or otherwise adverse to the operation or reputation of any of the Site(s) or detrimental to other users of the Site(s), including without limitation, directly or indirectly: (a) operation of an illegal business, site or subscription email list; (b) engaging in any illegal activity of any type, including but not limited to displaying illegal content on the Affiliate’s website or in the Affiliate’s subscription emails or offering any illegal good or service through the Affiliate’s website or subscription emails; (c) operation of a website that contains or promotes content that is libellous, defamatory, obscene, abusive, violent, bigoted, hate-oriented, illegal, pornographic, related to gambling or link to a website that does so; (d) engaging in indiscriminate or unsolicited commercial advertising emails; (e) placing links to any of the Sites in Spam or Unsolicited Promotions, banner networks, counters, guest books, IRC channels or through similar Internet resources; (f) causing or enabling any transactions to be made that are not in good faith, including among others by means of any device, program, robot, hidden frames and redirects, and “bogus” traffic (in each case without derogating from other remedies Company may have in law, equity or otherwise); (g) establishing or causing to be established, without the prior written consent of an authorised officer of Company, any promotion that provides any rewards, points or compensation for and any other activity that Company deems at its sole discretion to be of similar nature, or that allows third parties to place links to the Site(s); (h) diluting, blurring or tarnishing the value of Trademarks; (i) unauthorised use of any third party’s intellectual property (including, but not limited to, trademarks) or (j) offer any trader, whether directly or indirectly, any kind of rake back deal. The Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Tracking URLs assigned to such Affiliate violating the restriction herein as inoperative, and immediately block the Affiliate’s access to the Program, with no compensation to such Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Group, its directors, officers, employees or against the Site(s) in respect of such action taken by Company.

4.4.      Age.

4.4.1.   In order to participate in the Program, Affiliate must be of 18 years or older.

4.4.2.   Affiliate may not actively target marketing to any persons who is under the age of 18 years old, or under the age of majority in the territory where the Affiliate is operating, if older.

4.5.      Forbidden Countries.

4.5.1.   Affiliate may only target marketing to citizens or residents of the United Kingdom, Australia, Italy, Germany, France, South Africa and Spain, as this may be updated from time to time.

4.5.2.   Any Affiliate interested in target marketing to a person who is a citizen or resident of any country not listed herein must receive the Company’s prior written approval.

  1. No Competitive Marketing

It is hereby clarified that Affiliate shall not be entitled to market to potential Traders (i) on any internet site or social network on which Group promotes any of the Site(s) (e.g. Facebook.com, Twitter.com, Plus.google.com, Youtube.com, etc.); (ii) on any internet search engine on which the Group promotes any of the Site(s) (e.g. Google.com, Bing .com, etc.) ; (iii) in any other manner which results in the Affiliate’s competing with the Group in relation to the promotion of Site(s), including but not limited to the promotion of your website(s) through other Affiliates; (iv) any other online software, application, or other platform enabling online trading similar to and/or competitive with the Trading Platform; (v) by using the Company’s Marks (or any variation or combination thereof) in the Affiliate’s domain name (e.g. “Capital Index”, “capitalindex”, “www.capitaindex.com”, “Index Capital” etc.) . In the event that Affiliate is in breach of the foregoing provisions, Company reserves the right to render the Tracking URLs assigned to Affiliate inoperative and Affiliate shall have no claims against the Group, its directors, officers, or employees in respect of such action taken by the Company.

  1. Links; Trademarks and Logos; Data Ownership

6.1.      Subject to the terms of this Agreement, Company grants to Affiliate, a nonexclusive, non-transferable, non-assignable, non-sub-licensable limited license to display on such Affiliate’s website the Marketing Material provided by the Company to the Affiliate for the sole purpose of providing a link from such Affiliate’s website, which website has been confirmed by Company as included in the Program, to the homepage of the Site (but no other page). Unless otherwise approved in advance in writing by Company, Affiliate may not promote, whether directly or indirectly, any of the Company Marks. No framing of any webpage of any of the Site(s) is permitted.

6.2.      Affiliate, and anyone on Affiliate’s behalf, shall not assert the invalidity or contest the ownership of any of the Company Marks in any action or proceeding of whatever kind or nature, and shall not take any action that may prejudice the Company’s rights in the Company Marks, render the same generic, or otherwise weaken their validity or diminish their associated goodwill.

6.3.      Except as explicitly permitted herein, nothing in this Agreement or on any of the Site(s), should be construed as granting, by implication, estoppel or otherwise, any license or right to use any Company Marks.

6.4.      All Traders shall be considered as customers of Company only. The Company shall be the sole and exclusive owner of the database of names and contact information and any other data of all Traders, including Traders identified by a Tracker ID. Affiliate may not contact a Trader without receiving the Company’s written approval for such contact. If in the Company’s opinion Affiliate either tries to or does make contact with a Trader without the Company’s written approval, the Company shall be entitled to immediately terminate this Agreement and to withhold all commissions owed to Affiliate at such time. Further, in the event that the Affiliate was provided by the Company with written approval to contact or correspond with a Trader, and thereafter the Company deems that such contact or correspondence is against the interests of Company, the Company shall have the right to revoke the approval previously granted, to terminate this Agreement and to withhold all commissions owing to Affiliate at such time. Affiliate further agrees that Company may access information from or about visitors to Affiliate’s website, and may use such information for any purpose.

  1. Limitation of Liability

IN NO EVENT SHALL THE COMPANY, ITS SUBSIDIARIES, OFFICERS, DIRECTORS, EMPLOYEES OR SUPPLIERS BE LIABLE FOR LOST PROFITS OR DATA, OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE SITE(S), GROUP’S SERVICES, THE TRADING PLATFORM, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE), AND INCLUDING WITHOUT LIMITATION AS A RESULT OF ANY FAILURE OR MALFUNCTION OF ANY SOFTWARE, HARDWARE, COMMUNICATION TECHNOLOGY OR OTHER SYSTEM. COMPANY’S LIABILITY, AND THE LIABILITY OF COMPANY’S SUBSIDIARIES, OFFICERS, DIRECTORS, EMPLOYEES AND SUPPLIERS TO AFFILIATE OR ANY THIRD PARTY(IES) IN ANY CIRCUMSTANCE IS LIMITED TO THE GREATER OF (A) THE AMOUNT OF THE COMMISSIONS PAID BY COMPANY TO AFFILIATE IN THE TWELVE (12) MONTHS PRIOR TO THE ACTION GIVING RISE TO LIABILITY, OR (B) US$100.

  1. No Warranties; Indemnification

8.1.      TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY, COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ALL IMPLIED WARRANTIES OF NON- INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE PROGRAM, THE SITE(S), LINKS IN THE SITE(S), OR THE SITE(S) BEING ACCESSIBLE OR FREE OF ERRORS, VIRUSES OR SECURITY THREATS.

8.2.      Affiliate agrees to indemnify, defend and hold harmless the Group, its directors, officers, employees, service providers and suppliers from and against any and all liability, claims, costs, expenses, injuries and losses, including reasonable attorneys’ fees and costs, arising directly or indirectly in connection with Affiliate’s operations or website or out of any disputes between Affiliate and any other party relating to this Agreement, the Site(S), the Affiliates activity or to services provided by Company. Company may deduct such amounts to indemnify the Group, its directors, officers, employees, service providers and suppliers for any claims, arising or resulting from or relating, the matters brought forth in this Section 8.2 from any outstanding Affiliate Commission due to the Affiliate and held by the Company and/or any other funds whatsoever due to the Affiliate and held by the Company.

  1. Independent Investigation

BY ACCEPTING THE AFFILIATE TERMS AFFILIATE ACKNOWLEDGES THAT THE AFFILIATE HAS READ THIS AGREEMENT AND AGREES TO ALL ITS TERMS AND CONDITIONS. AFFILIATE UNDERSTANDS THAT THE COMPANY MAY AT ANY TIME (DIRECTLY OR INDIRECTLY) SOLICIT CUSTOMER REFERRALS ON TERMS THAT MAY DIFFER FROM THOSE CONTAINED IN THIS AGREEMENT OR OPERATE OR CONTRACT WITH WEB SITES THAT ARE SIMILAR TO OR COMPETE WITH AFFILIATE’S WEB SITE. AFFILIATE HAS INDEPENDENTLY EVALUATED THE DESIRABILITY OF PARTICIPATING IN THIS AFFILIATION PROGRAM AND IS NOT RELYING ON ANY REPRESENTATION, GUARANTEE, OR STATEMENT OTHER THAN AS SET FORTH IN THIS AGREEMENT.

  1. Termination

10.1.    This Agreement will take effect when Affiliate indicates its acceptance of this Agreement on the registration form and shall continue until terminated in accordance with the terms hereof.

10.2.    Company may terminate this Agreement at any time, with or without cause, by giving Affiliate a five (5) day prior written notice by email (or by posting a notice on the Site(s) by Company if Company terminates this Agreement with all of its Affiliates), except if Affiliate violated any of the terms of this Agreement, in which case termination will be effective immediately. Affiliate may terminate this Agreement at any time, with or without cause, by giving the Company a seven (7) days prior written notice (such written notice may be provided by facsimile or email).

10.3.    Upon termination of this Agreement, Affiliate shall no longer be entitled to receive payment with respect to any new Traders; however Company’s obligation to pay Affiliates under the Revenue Sharing Plan the Affiliate Commission, shall survive with respect to Traders identified by a Tracker ID prior to the date of any such termination, for as long as Company receives Revenues from such Traders, but no longer than six (6) months following the termination of this Agreement, except if Affiliate violated any of the terms of this Agreement, in which case this Section 10.3shall not apply and Affiliate shall no longer be entitled to receive any payments from the Company whatsoever.

10.4.    Upon termination of this Agreement for any reason, Affiliate will immediately cease use of, and remove from Affiliate’s website, all Company Logos, Banners and Text Links to the Site(s). Any domain which contains any of Company Marks shall be immediately transferred to Company, at Affiliate’s cost, upon termination of this agreement with Affiliate for whatsoever reason. Affiliate shall pay Company US$1,000 for each day such domain is not transferred to Company. Sections 1, 4, 5, 6, 7, 8, 10 and 11 of this Agreement shall survive such termination, and the enforceability of the terms and conditions of this Agreement as they related to acts and omissions during the period before such termination, shall survive such termination.