This Affiliation Agreement (this “Agreement”) is entered by and between Liberitfy SAS., a company incorporated under the laws of France, VAT number FR03880473459, with its offices at 118 RUE LAURISTON, 75116, PARIS, FRANCE (the “Company”) and the Affiliate identified in Schedule A attached to this Agreement.
Whereas, the Company is operating and developing a software program of AI portfolio management; and
Whereas, the Affiliate has the knowledge, contacts and resources to promote the Company’s products and services to a variety of customers, as further detailed herein.
Now, Therefore, the parties hereby represent, warrant, undertake and agree, as follows:
This Schedule A is governed by that certain Affiliation Agreement. By signing this Schedule A, Affiliate affirms that it has read, understood and agrees to comply with all the terms and conditions of the Affiliation Agreement, and that the individual signing this Agreement is an authorized representative of Affiliate.
The term “Commercial Transaction” shall mean when a qualified invitee actually allocates funds to a live monitored portfolio.
Affiliate shall be entitled to a % of monthly subscription fees paid and received from the qualified invitee for a period of 12 months
For the first 100 Qualified Invitees, Affiliate Commission – 30%
For every Qualified Invitee thereafter, Affiliate Commission – 50%
This agreement is capped at $100,000 USD.
The services hereunder shall be provided by the affiliate within the territory of the State of US, UK, CA, EU and AU or at any other territory as so required by the Company in writing.
The calculation of total Cash Consideration with respect to a relevant Qualified Invitee shall be based on the Company’s records generated at the end of each calendar month.
It is hereby agreed that the Affiliate is entitled to receive a Cash Consideration solely for the first Commercial Transaction with a Qualified Invitee that occurred during the term of the Affiliation Agreement, and any other subsequent transactions made by such Qualified Invitee shall not entitle the Affiliate to receive any compensation in connection thereto.