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Affilate agreement

This Affiliate Agreement (the “Agreement”) is entered into by and between Intery Inc., a company registered in the Republic of the Marshall Islands, with its registered address located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 (hereinafter referred to as the “Company”) and a natural or legal person that has opened an account with the Company (hereinafter referred to as the “Affiliate”). Company and Affiliate are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

By submitting the application form for an account opening, Affiliate agrees and confirms that all terms and conditions of this Agreement have been read, understood and accepted in full.

This Agreement comes into force on the date when an affiliate account is opened.

Subject of the Agreement

In accordance with the terms and conditions of this Agreement, Affiliate undertakes the responsibility to search and attract clients to buy products and/or use services of brands promoted by the Company.

Company undertakes the responsibility to pay for the Affiliate's services on the terms and conditions set out in this Agreement.

Account Registration

In order to open an account with the Company, Affiliate has to complete and submit an online application at: getprofit.com

At its sole discretion, the Company reserves the right to reject the Affiliate’s application for any reason and without providing any further detail as to the reason(s) of the application rejection.

Natural or legal persons being citizens or residents of any of the sanctioned countries are not eligible to participate in the Affiliate Program of the Company.

Rights and Responsibilities

Company has the right to:

  • monitor the Affiliate's activities and marketing methods;
  • at its sole discretion accept or decline any client referred by the Affiliate;
  • cancel completely or partially the Affiliate's Referral Fees for transactions performed by the clients referred through the affiliate program if:
    • referred clients requested refunds;
    • the quality of the traffic directed by the Affiliate is low;
    • accounts of the referred clients have been blocked due to the violations of applicable terms and conditions;
    • the Company bears the excess costs and expenses (payment for the traffic, settlement of tracking systems fees, etc.) related to the low-quality traffic directed by the Affiliate.
  • close the Affiliate’s account and cancel all Referral Fees accrued if:
    • the Company suspects or has reasons to believe that a referred client has abused the account or acted in bad faith;
    • the Company, at its sole discretion, determines that the Affiliate uses the account for any illegal, fraudulent or suspicious schemes;
    • Affiliate violates the terms and conditions of this Agreement.

Company has the responsibility to:

  • provide comprehensive information support to the Affiliate;
  • pay for the Affiliate’s services in accordance with the terms and conditions of this Agreement;
  • promptly inform the Affiliate if there are any significant changes in the Company’s operations;
  • ensure that the Affiliate’s personal data has been collected, processed and held in accordance with applicable Data Protection laws.

Affiliate has the responsibility to:

  • provide reliable, accurate and relevant personal details in the application form, as well as copies of the required identification documents;
  • immediately notify the Company in the event of any changes in the personal data previously provided;
  • have knowledge about services/products of brands promoted by the Company;
  • ensure confidentiality of all information obtained through the Affiliate Program;
  • immediately inform the Company about all the facts or circumstances that become known to the Affiliate and may lead to adverse effects to the Company’s reputation or financial stability;
  • promptly provide the Company with any additional information or documents that might be required in order to comply with applicable laws and regulations.

Limitation of Liability

Under no circumstances will the Company be held liable for:

  • any act, committed by the Affiliate, that violates the terms and conditions of this Agreement or exceeds the authority granted by the Company to the Affiliate under this Agreement;
  • any immaterial (moral) damages incurred by the Affiliate;
  • any damages or losses caused by the Affiliate to any third party;
  • any advice or recommendation provided by the Affiliate to the referred client;
  • any costs or charges related to marketing or promotions initiated by the Affiliate.

Referral Fees

Affiliate will be entitled to receive the referral fees only if:

  • the referred clients have been verified and real accounts have been opened;
  • the Affiliate has referred at least 5 active clients (for the revenue share model);
  • the Affiliate has referred at least 10 active clients (for the cost per action first time deposit model).
  • the Affiliate has at least $50 on the account.
  • the Affiliate has chosen a payment method and updated the billing information.

Referral Fees defined by this Agreement is the only type of fees the Affiliate is entitled to receive, and the Affiliate cannot claim any other fees and/or commissions unless otherwise agreed between the Parties in writing.

Referral Fees are calculated and accrued based on one of the below described models:

Revenue Sharing Model

Affiliate’s Referral Fees shall constitute:

  • 60% from the Company’s revenue generated by the referred clients, excluding refunds and chargebacks, less 60% of the respective processing fees paid for referred clients’ deposit transactions.
  • 70% from the amount of 100 first time deposits a month, excluding refunds and chargebacks, less 70% of the respective processing fees paid for referred clients’ deposit transactions.
  • 80% from the amount of 500 first time deposits a month, excluding refunds and chargebacks, less 80% of the respective processing fees paid for referred clients’ deposit transactions.

Cost per Action (CPA) Fixed Model

If Referral Fees are paid on the basis of the Cost per Action (CPA) Fixed Model related to the first time deposits of the referred clients, then the Company will pay a fixed amount, which shall be individually agreed upon between the Company and each Affiliate for each first time deposit made by the referred client. For further information regarding our current CPA rates, please contact your manager or send an email to our Support Team at: [email protected]

Referral Fees under this model will be paid only if the following criteria are met:

  • referred clients open real accounts and actively buy products or use services of the promoted brands;
  • at the time of payment of the referral fees, at least 80% of all clients’ accounts referred by the Affiliate shall be verified;
  • on average, each referred client shall make at least two deposits;
  • on average, each referred client must have a good trading history (not only deposit and withdrawal transactions).

Payouts

All registered accounts are denominated in USD, therefore all Referral Fees are calculated and paid out in USD only.

Minimum Referral Fee the Affiliate is allowed to pay out is $50.

Payments to Affiliates are made automatically twice a month:

  • on the 16th of each month (or the next working day, if the 16th is a non-working day) for the first period of the current month;
  • on the 1st of each month (or the next working day, if the 1st is a non-working day) for the second period of the previous month.

However, the Affiliate acknowledges and accepts that it might take up to 7 working days for the funds to be credited into his/her account.

Company shall be responsible to cover all payout fees.

Affiliate has the sole responsibility to ensure that the payment details provided to the Company are correct and up-to-date.

Affiliates who have been removed from the Affiliate Program by the Company or who have voluntarily closed their accounts will no longer receive any Referral Fees from any referred client.

Company reserves the right to modify the payment terms at any time without any prior consent from the Affiliate by informing the Affiliate 3 working days before any amendment comes into force.

Amendment

Company reserves the right to modify or update this Agreement at any time for any reason, with or without prior notice to the Affiliate, and any such changes to this Agreement will supersede and replace any previous Agreement effective immediately upon posting on getprofit.com

It is the Affiliate’s responsibility to periodically review this Agreement for any changes made. Affiliate expressly agrees that in case of any disagreements or disputes, the latest version of the Agreement available on getprofit.com at the time of the dispute shall prevail.

Any changes to this Agreement shall apply to all transactions performed after the date on which the changes become effective.

If the Affiliate does not wish to accept the changes made by the Company, the Affiliate has the right to terminate this Agreement.

Termination

This Agreement may be terminated by either Party by notifying the other Party in writing no less than five business days prior to the termination.

The Company reserves the right to terminate this Agreement if the Affiliate refers less than 10 clients within 12 months from the date of the Affiliate account opening.

Upon termination of this Agreement, the Affiliate must return to the Company all materials used to promote the Company’s business. Furthermore, upon termination of this Agreement the Affiliate must immediately remove any Company’s materials available on the Affiliate’s website (if any).

Upon termination of this Agreement the Company must pay the Affiliate any Referral Fees due, provided that the Affiliate’s Referral Fees have been generated in accordance with the terms and conditions of this Agreement.

Company reserves the right to immediately terminate this Agreement if the Affiliate has breached the terms and conditions of this Agreement.

Communication

Affiliates shall send any communication to the Company in writing via e-mail: [email protected], live chat or tickets.

All communication between the Company and the Affiliate must be in English.

Marketing and Promotion Restrictions

When marketing and promoting the Company’s products and/or services, the Affiliate is prohibited:

  • to use spam or bulk emails;
  • to use unsolicited commercial emails;
  • to provide false or misleading information in order to attract more clients;
  • to utilize the Affiliate’s link to refer their own customer account(s) to receive Referral Fees (“self referrals”);
  • to use contextual advertising for brand names in search engines.
  • to create, publish or use applications in Google Play Store and/or Apple App Store containing a name, brand keyword, symbol, mark, or logo of any brand promoted by the Company.

Disputes and Complaints

Should any dispute or disagreement arise in connection with this Agreement, the Parties shall exert every effort to settle such disputes and disagreements through negotiations.

All complaints must be sent by the Affiliate to the Company using the following email: [email protected]

All received complaints shall be acknowledged and investigated by the Company within 10 working days.

Complaints about the terms and conditions of the Company’s Affiliate Program will be neither accepted nor investigated.

Applicable Law

This Agreement is concluded in accordance with the laws of the Republic of the Marshall Islands.

All disputes or disagreements not settled by the Parties through negotiations shall be referred to arbitration in the Republic of the Marshall Islands, unless otherwise agreed by the Parties.

Miscellaneous

This Agreement is an electronic document and does not require to be signed by the Parties.

Affiliate is an independent contractor, and nothing in this Agreement will create any partnership, joint venture, agency, franchise, sales representative, or employment relationship between the Affiliate and the Company.

Affiliate does not have any authority to make or accept any offers or representations on behalf of the Company.

This Agreement represents the entire agreement between the Company and the Affiliate and shall supersede all prior oral or written agreements and communications between the Parties.

The section headings of this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.