Welcome to Piptle!  

Thank you for becoming a Member of our Platform and joining our Website: www.piptle.com (the  “Site”). This Site is powered by Darqtec Pty Ltd. and made available by Piptle as a service. All  content, information, and services provided on and through our Site may be used only under the  requisite Terms & Conditions, the Policies & Procedures, the Compensation Plan and any other  Policy and/or documents that are issued by Piptle and are amended from time to time. This  Policy is applicable for any and all Members of our Platform, and/or users of our Services. 

By joining the Piptle Wealth Management Network (commonly referred to as “Piptle” and/or the  “Company”) as an Affiliate, you agree to comply with the following terms and conditions (“the Terms”). 

DISCLAIMER

Earnings Disclaimer  

We have made every effort to accurately represent this website, and the services described  therein. Piptle does not guarantee that you will earn any money using the methods, information and suggestions in the content provided. Any examples or demonstrations  provided are in no way a guarantee or promise that an individual will make an earning of any  kind. 

Piptle is not a registered financial advisor, and it is not a financial instrument. Consequently, Piptle does not provide any kind of investment advice.  

Piptle is primarily about marketing third-party products, for which Piptle receives commissions  from third-party vendors. Commissions from which Piptle Affiliates can earn income in the form of various bonuses. The bonuses distributed to Piptle Affiliates are solely depending on the activity of each Affiliate and not on recruitment of new Affiliates. 

Your actual level of success in obtaining the results claimed in our materials depends on the  time you devote to the methods and ideas provided, your various experiences, skills, know how and your own knowledge. All these factors vary from one individual to another. We cannot guarantee the results you obtain or your success or your income level or any other outcome you desire. We do not take any responsibility for your actions. 

Content and functionality included in our services and website may contain information that  includes or is based on forward-looking statements. Forward-looking statements indicate our forecasts or expectations of future events. You can identify these statements by the fact that they do not relate strictly to current or historical facts. They also use words such as ”expect”, ”anticipate”, ”believe”, ”estimate”, ”project”, ”may”, ”possible”, ”plan”, ”intend” and other words, phrases and terms of similar meaning in relation with descriptions of potential or possible income, earnings or other financial performance. 

Any and all forward-looking statements used on our website or on any of our sales and  marketing content are solely to express our own opinion of income potential. A large number of factors will affect your earnings and actual results. We provide no guarantees that you will obtain results such as ours or anyone else’s. No guarantees are given that you will achieve any results whatsoever from our website, methods, suggestions, or our other content. Any result you may see on our website, or within any of our content is not typical. Your results will vary from other people’s results. 

You must do your own independent research prior to engaging in any kind of business activity,  including any activity when you have expectations of specific results. 

DEFINITIONS

The following definitions apply to these Terms & Conditions.  

Affiliate: means Piptle Members and Licensees jointly referred to as Affiliates within this Agreement.  Back office: means the Piptle website accessible only for Affiliates with their personal login. Compensation Plan: means the Piptle Compensation Plan. 

Directly sponsored: means an Affiliate having received a product or service, marketed by Piptle,  directly from another Affiliate. In some Compensation Plans, this directly sponsored person is  called an immediate downline, or first line. 

Downline: The organisation of an Affiliate, including those who are directly or indirectly sponsored  by the Affiliate and continuing down the lines of sponsorship through infinite levels and legs. 

Licensee: means a Piptle Licensee. 

Frontline: Any first level Affiliate, whether directly or indirectly sponsored. 

Household: Spouses/Significant others and dependents residing at the same address. 

Identification Number: A unique number assigned to Affiliates and used for tracking sales and  purchases and enrolling other Affiliates into the organisation. Affiliates and Customers must refer  to this number in all their correspondence and dealings with Piptle. 

Member : means a person who received a personal referral link or a QR code to become a Member and completed the registration process required for joining as a Member on  www.piptle.com. Our Membership types are listed in Schedule 1 of this document.

Personal account: means each Affiliate ́s personal account, accessed through the back-office on  www.piptle.com containing, but not limited to, the Affiliate ́s personal bonus achievements. 

Restricted countries: means countries to which Piptle is unable to offer its services. 

Piptle Club Membership(s): means the Piptle Club Memberships available on www.piptle.com. It is  very important that prospective Members become familiar with each component of the Piptle Club  Membership that they are considering purchasing. 

Terms & Conditions: means Piptle Terms & Conditions which can change from time to time but  are applicable as stated. The Terms and Conditions are available for review at www.piptle.com and are a significant part of the overall Agreement between each Affiliate and Piptle. 

INTRODUCTION

Piptle provides third-party products and services to its Affiliates through its Platform and its Affiliate and influencer marketing community. Persons can either choose to become a Member or  a Licensee of Piptle. 

Active Members of Piptle may choose to participate in the above activities and receive certain  bonuses and commissions based on the Piptle Compensation Plan. Piptle makes no implied  or explicit guarantee that Affiliates will earn money or make any profits by enrolling, associating  or participating in the Piptle network.  

All information provided regarding any of the products and services provided by Piptle is solely for  informational purposes only. As such, no legal responsibility is assumed by Piptle, and the  accurarcy or reliability of information, quotes, opinions, or advice that results from any of the  products or services is not guaranteed. Every Member assumes sole legal responsibility for his or  her decisions to follow suggestions made in any of the products and services offered on  www.piptle.com.  

The offerings provided by third-party vendors through Piptle consists of a vast array of valuable  online products, apps, websites and/or services delivered by third-party vendors. Due to the  variety of products and/or services being provided on www.piptle.com and due to different  regulatory bodies and restrictions, certain products and/or services may not be available in your  country of residence. Therefore, certain products and/or services may be restricted in some  countries.

ACCEPTANCE AND PURPOSE OF THIS POLICY AND THE CONTAINED TERMS AND CONDITIONS (HEREINAFTER THE “TERMS”)

The Terms are legally binding obligations and contains rules and regulations governing the full  scope of cooperation between Piptle and its Affiliates as well as the cooperation among Affiliates. 

The Membership Agreement (“the Agreement”) is the agreement entered into between each  Affiliate and Piptle. The Agreement consists of the following procedures and documents:

These documents, in their current form, and as may be amended by Piptle from time to time at its sole  discretion, constitute the entire Agreement between Piptle and its Affiliates. No other representation,  promise, or agreement shall be binding on the parties unless in writing and signed by an authorised officer  representing Piptle.  

By accepting these Terms and Conditions, you agree that you have read and understood these  Terms and Conditions and that your association with Piptle shall be subject to these Terms and  Conditions between you as an Affiliate/Licensee and Piptle. These Terms and Conditions are  subject to change without prior notice and in the event of any disputes, the most recent  version will prevail.

COMPANY DETAILS

Piptle Wealth Management Pty Ltd. (Herein referred to as “Piptle”)
Office Address:
Gold Coast Office:
Unit 6/7 215 Brisbane Road,
Biggera Waters, Queensland, Australia 4216

Brisbane Office:
Unit 8, 94 George Street,
Beenleigh, Queensland, Australia, 4207
Customer Support: [email protected]
Website: www.piptle.com

REGISTRATION PROCESS

It is the responsibility of each Affiliate that the personal information entered during the registration process is  100 percent correct and matches the information contained on the Affiliate’s KYC documents (such as when  booking an airline ticket). All Affiliate’s information entered will be locked 14 days after registration and changes  to this information can only be made under special circumstances as further described in the Policies &  Procedures. 

EMAIL VERIFICATION AND VALIDATION

Email validation, including identity verification of every Affiliate who has signed up with Piptle, is part of  registering at Piptle. The verification of the validity of the email determines the level of access to the back office.  Affiliates with non-validated email addresses have limited access to the back-office as further described in the  Policies & Procedures.

RESTRICTED COUNTRY LIST

Piptle is unable to offer services to certain countries.  

The countries to which Piptle is unable to offer services may be changed without prior notice due  to, but not limited to, events of ordinance of any governmental or local authority, acts of  governmental or military authorities, international sanctions, civil unrests, terrorism, armed conflict,  war or due to operational or risk assessments made by Piptle management.  

If Piptle decides to discontinue services to a certain country in accordance with the foregoing,  Piptle may at its own discretion decide to suspend or to terminate all affected Affiliate accounts  within that particular country. If Piptle decides to terminate all existing Affiliate accounts within a  restricted country, all account balances as well as any pending payout requests may potentially be forfeited to Piptle. 

It is the responsibility of the Affiliate, and not that of Piptle to check and to verify if they are legally  permitted to purchase any of the Piptle products or services within their country of residence. 

Piptle or any of its subsidiaries, will not be held responsible to Affiliates or any other parties, for  incurred losses, costs or expenses, loss of use, and damages (consequential/incidental or both), or  for any government intervention, including but not limited to imprisonment of an Affiliate,  resulting from acts or omissions from the Affiliate in verifying the legitimacy of purchasing any of  the Piptle products or services within the Affiliate’s country of residence, and/or resulting from  acts or omissions from the Affiliate in his or her compliance with the Terms of this Agreement,  applicable laws and regulations. 

Neither will Piptle or any of its subsidiaries, be held liable to Affiliates or any other parties, for  incurred losses, costs or expenses, loss of use, loss of funds and/or balances on Affiliate´s Personal  Accounts, and/or any damages (consequential/incidental or both), related to Piptle deciding on  additional restricted countries in accordance with the above paragraphs.

Presently, Piptle list the following Countries as ’Restricted Countries’:

KYC/AML – KNOW YOUR CLIENT

In keeping up with our legislative requirements for Piptle, all Affiliates must be compliant with all  applicable Anti-Money Laundering (“AML”) as well as all Counter-Terrorist Financing (“CTF”) laws  and regulations.  

Piptle can at any time, at its own discretion, perform an Affiliate due diligence, also known as Know  Your Customer (“KYC”), and request the Affiliate to provide documents to verify the Affiliate’s  identity. These documents involve photo identification, for example, a copy of the Affiliate’s  passport or drivers license, along with proof of address, for instance a copy of a utility bill, to  ensure residency of the country on the Affiliate’s ID, and a digital identification ’selfie’ profile,  undertaken through our KYC with SumSub. This request is called “KYC”. Piptle reserves the right to  request further enhanced KYC where required, and can also perform regular or ongoing KYC processes on an Affiliate’s account. 

KYC is mandatory for payouts. It is recommended for all new Affiliates to apply for a KYC as  soon as possible after the registration date, as account balances of non-KYC approved  Affiliates cannot be paid out 

If an Affiliate does not have an approved KYC, the Affiliate cannot request any withdrawals from  their Personal Accounts, either in the form of crypto or fiat (AUD, etc) currency, or exchange any  balance on their Personal Accounts into Gift Certificates. There is generally no cost to the KYC  process.  

Piptle may also restrict further functionality of an account than simply withdrawals, where  required to comply with bank requirements or regulations from authorities. 

If suspicions of any unusual activities on a Personal Account arises, or that an Affiliate may be in violation of any AML and/or CTF laws and/or regulations, and/or if an Affiliate is deemed as an  unacceptable risk under this section 11.6, Piptle reserves the right to immediately suspend the  Affiliate and block the account pending further investigation.

If Piptle, at its sole discretion, determines that the circumstances which caused the suspension is  continuing, and has not satisfactorily been resolved or a new violation involving the suspended  Affiliate has occurred, the suspended Affiliate may be terminated immediately, and the account  including the account balance as well as any pending payout requests may potentially be  forfeited to Piptle

1. AFFILIATE TYPES AND AFFILIATE BENEFITS

Affiliate means both Piptle Members and Piptle Licensees jointly referred to as Affiliates. Each  Affiliate starts as a Member and may choose to become an Licensee afterwards. For further  information on Membership types, please see Schedule 1 of this document. 

1.1. BECOMING A “MEMBER”

Joining Piptle as a Member is by invitation only. A person becomes a Member of Piptle after having  received a personal referral link, or a QR code to become a Member and having completed the  registration process required for joining as a Member on www.piptle.com. Becoming a Member of  Piptle is always subject to the applicant having been accepted by Piptle as a Member. Piptle reserves the right to decline any registration for any reason, at its sole discretion. 

Members choose to use his/her best effort to promote and sell the products and services of  Piptle to consumers pursuant to the Agreement contained within these Policies and Procedures and  the requisite Terms and Conditions. In doing so, the Member will maintain the high standards of  honesty, and integrity and business ethics when dealing with Consumers, Piptle, or other  Affiliates. A Member’s failure to register their account accurately can, or will be subject to delays in  purchases and/or withdrawal requests, and/or result in termination of the account, due to the  severity of any false information entered. 

Joining as a Member can be either for individuals, or for corporate entities. A Member cannot  register both as an individual and as a corporate entity, but must choose to register either as  an individual or as a corporate entity. Piptle offers its Members eligibility to participate as a  Member for their different Piptle Club Memberships, as well as participating in future offers. 

Registered Members may be natural persons aged 18 and above, as well as business entities.  Natural persons must be mature and able to handle their own affairs, and enter into formal  agreements independently, without any mental impairment. People unable to act on their own  (e.g., whilst under psychiatric care or in custody) are not allowed to register. Should any of these  conditions arise after a registration is made – e.g., treatment, imprisonment, etc. – the Affiliate’s  position will be temporarily suspended, and/or terminated. 

Upon registration, the following information must be given first to create an account: username,  referrer’s name, first name, last name, address, postal code, city, country, email and password.  The following billing information is also required: date of birth, and phone number.

1.2. BECOMING A “LICENSEE”

In order to become a Licensee of Piptle (such as a GPAL – or Global Piptle Affiliate Licensee),  you must apply for a Licenseeship with Piptle and pay the required licensing fees. Piptle reserve  the right to reject an application for a License in the same manner that it does for any class of  Membership (such as Affiliates, or Piptle Club Members) with Piptle. Generally, the same rules  apply for Licensees as do for Members.

1.3. BEING AN AFFILIATE WITH PIPTLE

As an Affiliate in Piptle you will be allowed to log in to your back-office at the website  www.piptle.com. In the back-office you will find information about Piptle, and the opportunities  that Piptle may offer to its Affiliates from time to time. As an Affiliate you decide on your own to  join the opportunities afforded by Piptle either by purchasing a Piptle Club Membership, or  another type of listed Membership (see Schedule 1 for information on Membership Types). Any of  the Membership types will open an opportunity to a variety of bonuses.

1.4. GIFT CODES

Piptle offers its Affiliates the ability to purchase Gift Codes. Gift Codes can be used by the buyers but also be  given and/or sold to any new member wishing to be a part of Piptle’s opportunity.  

If an Affiliate sells a Gift Code to any new member wishing to be a part of Piptle’s opportunity, the  Affiliate is required to sell the Gift Code for the purchase price listed on Piptle’s site. 

Any Affiliates found selling Gift Codes for a price which is less than the purchase price listed on  Piptle’s site will be issued a warning for a first offence and subsequent offences may result in the  Affiliate having their Account terminated immediately as well as their account balance, and any  pending payout request(s) may potentially be forfeited to Piptle.  

Once the Gift Code is used it is no longer valid in the system. A gift code that has been given  away and/or sold to any new member wishing to be a part of Piptle’s opportunity is deemed  to have been used by the Affiliate upon redemption by the new member, and cannot be  refunded. 

Gift codes cannot be redeemed for cash.  

Due to the nature of Gift Codes all codes are specific and unique to the person’s account. All  transactions on your Affiliate account can be viewed in your history tab. Where Gift Codes are  stolen, or are reported as stolen Gift Codes; the following will apply:

Affiliates RESPONSIBILITY: All Affiliates issuing Gift Codes to new Affiliates are asked to maintain a paper trail of  all of your transactions to avoid closure of accounts due to possible fraud. This is for your own recordkeeping  purposes, in the event a circumstance arises requiring mediation or otherwise. 

All Affiliates found to be fusing Gift Codes in violation of these Terms & Conditions and/or Policies &  Procedures may potentially be terminated immediately and their Account, as well as their account  balance, and any pending payout request(s) may potentially be forfeited to Piptle. 

Any monetary transactions made between parties for the use of Gift Codes are on the  responsibility of the parties involved. Piptle will not be held responsible for private monetary  transactions. Any dispute between parties may result in all accounts involved being suspended  and/or terminated. 

We advise all members to keep a paper trail of all transactions and only exchange money  between parties you trust.

1.5. ACCESS TO BACK-OFFICE

From your back-office, you will have the opportunity to purchase a variety of products and/or  services. Different rewards and commissions will be available to each different type of affiliation  step. By purchasing a Piptle Club Membership or another Membership or License with us you  are already considered an active Member. In case the Member choosees to opt out to becoming  an Active Member or Licensee, they will still have the option to stay as an Inactive Member and  receive information on what is being offered for becoming an Active Member.

1.6. USERNAME/PASSWORD

Affiliates MUST treat their back-office and the data contained therein confidentially. The  username and password must NOT be disclosed to anyone. It is recommended that passwords  are changed from time to time. Piptle takes no responsibility for any losses or other problems  arising from the Affiliate’s password getting into the hands of an unauthorised third person. 

1.7. AFFILIATES OBLIGATIONS & RIGHTS

Affiliates are authorised to sell Piptle products and services and to participate in the Affiliate’s  Compensation Plan. Affiliates may sponsor new Affiliates. Please refer to the Compensation  Plan for full details. 

Registrations may be initiated either using the direct sponsor’s referral link, QR code or the Piptle home page (in the latter case, the person wishing to register must enter their  sponsor’s username). The newly registered Affiliate is placed on their sponsor’s team as the  sponsor’s directly sponsored Affiliate. All new Affiliates will be first generation to their  personal sponsor and 2nd generation to their sponsor’s sponsor and so on. The hierarchy  is registered and stored in Piptle’s genealogy records (back-office).  

All new Affiliates have their own position in the Piptle Bonus structure.  

Legal entities (private and public companies, associations, clubs, foundations, etc.) may also  register with Piptle as an Affiliate. They, too, need to complete the online registration form  and submit, within 30 days from their online registration, a copy of their Articles of Association and/or other documents, signed by the representative (statutory Director) of the  organisation validating the Affiliates’ identity. Until all required documents are received, Piptle withholds the payment of bonuses. 

Affiliates may at any time change their status from “private individual” to any legal entity.  Such change of status is subject to a registration fee in accordance with the price list  applicable in the Policies & Procedures at the time of the transfer. 

The basis for the relationship between Piptle and its Affiliate(s) is the Membership Agreement. The Affiliate(s) understand(s) that they will act at their own risk as an entrepreneur and will take responsibility when participating in the system and/or referring  new Affiliates to the system. Affiliates are responsible for their own acts, statements, and  behavior, and no responsibility for their acts, statements and behavior may be passed over  to Piptle. By accepting the Membership Agreement, Affiliates agree to automatically enter  into a cooperation agreement with Piptle. 

1.8. LEGAL AGE REQUIREMENT

Affiliates must be of 16 years of age or older. In some instances, licenses require the Licensee to be 18 years of  age or older. 

1.9. DIVORCE

When a couple sharing an Affiliate entity divorces or separates, Piptle will continue to pay  commissions in the same manner as before the divorce or separation until it receives written  notice signed by both parties or a court decree which specifies how future commissions should be  paid, provided and if applicable, the couple has complied with the requirements of Section 5.3. 

1.10. CORPORATIONS, PARTNERSHIPS & TRUSTS

Corporations, partnerships, limited liability companies or other forms of business organisations or  trusts may become Affiliates of Piptle when the Agreement is accompanied by a corporation ID  number and supporting documentation provided to the Compliance Department. Shareholders, directors, officers, partners, members, beneficiaries and trustees, as applicable of Affiliate entity must agree to hold such title, and Piptle will hold each personally liable and bound  by the Membership Agreement. The Compliance Department might require notarized written  consent depending on the Articles of Incorporation received. 

1.11. FICTITIOUS OR ASSUMED NAMES

A person or entity may not apply as an Affiliate using a fictitious or assumed name (i.e. signing up a  pet, or creating an account under another person’s name – be it a family member, or friend). If it  turns out that an Affiliate is actively building one or more separate (crossline) businesses under  false or fictitious name(s), Piptle will take action to rectify the misbehavior, including but not  limited to terminating the account(s) involved. In the event that Piptle terminates an account  under this section 1.11, any account that is involved may potentially be terminated and the  account balance(s) as well as any pending payout request(s) may potentially be forfeited to Piptle. 

1.12. “AFFILIATE” STATUS

Affiliates are responsible for determining their own activities without direction or control by Piptle,  subject to clause 7.3 and 7.11 of this Agreement. They are not franchisees, joint ventures, partners,  employees, or agents of Piptle and are prohibited from stating or implying, whether orally or in  writing, otherwise. Affiliates have no authority to bind Piptle to any obligation. Piptle is not  responsible for payment or co-payment of any employee benefits. Affiliates are responsible for  liability, health disability, and worker’s compensation insurance, and any other requirements that  apply in their own territory and jurisdiction. Affiliates set their own hours and determine how to  conduct business, subject to the Membership Agreement.

1.13. TAXATION

Affiliates will not be treated as franchisees, owners, employees or agents of Piptle for tax purposes  including, but not limited to creation of any employer/employee relationship or any type of joint  venture or joint ownership. Affiliates are not classed as employees from an industrial or taxation  point of view. It is the Affiliates’ responsibility to comply with all taxation and legal regulations in  their own territory and jurisdiction.  

Piptle will not deduct any taxes or duties from an Affiliates’ bonuses and other remuneration,  except when the company is obliged under law to do so any time in the future. Piptle will not be  held responsible for any non-compliance with prevailing tax regulations and legal requirements on  the part of its Affiliates. 

Affiliates are not representatives or agents of Piptle and they may not hold themselves out to  be as such. Affiliates may not enter into any agreement with third parties, create expenses, make  commitments or open accounts on behalf of Piptle. Affiliates are free to decide how and when  they run their own Piptle business and to set their own specific goals and agendas, as long as  they remain within the framework and the spirit of the Terms as well as legal requirements and  generally accepted codes of conduct.

All expenses incurred during the course of expanding an Affiliate’s own Piptle business within our  Platform (e.g., travel, food, accommodation, business and administration costs, telephone and  telecommunication, training, etc.) are to be borne by the Affiliates with respect to the jurisdictional  reporting tax rules.

1.15. COMPLIANCE WITHIN YOUR COUNTRY OF RESIDENCE

All Affiliates accept and acknowledge that products and services may not be available in their  country of residence due to regulatory compliance reasons and that it is the SOLE responsibility of  each Affiliate to verify if they are legally permitted to purchase any products or services being  offered on the Piptle platform within their relevant jurisdiction(s). It is the Affiliates sole  responsibility, and not that of Piptle, to ensure that the Affiliates follow the laws of their country of  residence. 

If an Affiliate is subject to investigation by an authority, his/her account may be suspended  pending further investigation or the outcome of the case. 

Piptle or any of its subsidiaries, will not be held responsible to Affiliates or any other parties, for  incurred losses, costs or expenses, loss of use, and damages (consequential/incidental or both),  or for any government intervention, including but not limited to imprisonment of an Affiliate,  resulting from acts or omissions from the Affiliate in verifying the legitimacy of purchasing any of  the Piptle products or services within the Affiliate’s country of residence, and/or resulting from  acts or omissions from the Affiliate in his or her compliance with the Terms of this Agreement,  applicable laws and regulations. 

Neither will Piptle or any of its subsidiaries, be held responsible to Affiliates, or any other parties,  for incurred losses, costs or expenses, loss of use, and damages (consequential/incidental or both)  resulting from mistakes in, omissions from, or changes to, information, links, downloaded material  or other materials, an Affiliate may receive or come into contact with, while accessing the website. We do not provide any guarantees for the accuracy or validity of information provided in any of  our services generated from generally reliable sources due to the refusal of such companies to  provide legal guarantees for their information.

2. TERM OF AFFILIATE AGREEMENT

2.1. TERM

Subject to the terms of Section 4.01, the Agreement shall have a term which shall begin on the date  of acceptance by Piptle and end at the discretion of the Affiliate or Piptle. The Affiliate can at  any time terminate the membership by giving 21-days’ notice to Piptle by sending a support  ticket from their back-office. Piptle can at any point decide to terminate your Account without  giving any reason for the termination but will generally endeavour to do so as a business practice.  The termination will take effect immediately, and your Account, as well as your account balance (in circumstances where the termination occurs for reasons other than an approved mutual  agreement), and any pending payout request(s) may be forfeited to Piptle (or in circumstances  of an approved and mutual agreement, refunded to your nominated bank account).

2.2. POACHING

As an Affiliate you are not allowed to promote or try to recruit Piptle Affiliates to other businesses,  specifically, but not limited to, similar online networking/crowd marketing businesses as are referred to within clauses 3.6 and 3.7 of this Agreement..

3. SPONSORSHIP

3.1. SPONSORING

Affiliates may sponsor other Affiliates into Piptle’s business. Affiliates must ensure that each  potential new Affiliate has reviewed, and has had access to the current Policies and Procedures,  Terms and Conditions, and Compensation Plan, prior to registering them into your business. 

3.2. MULTIPLE ACCOUNTS

It is company policy that only one account per person is allowed. If an applicant submits multiple  registrations, only the first completed Agreement received by Piptle may be accepted. According to  the Membership Agreement, an Affiliate is only entitled to have one position in the Piptle Bonus  structure. Attempts to the contrary will be filtered out and subsequently blocked by Piptle. 

If for any reason that it has been found that an Affiliate has signed up with more than one account,  all accounts in question may be suspended immediately without question.  

If for any reason multiple account registrations have been brought to the attention of Piptle management, all accounts will be subject to suspension and possible termination.  

Every account must have a unique KYC attached, a unique valid email address and proper  verification details unique to the account holder.  

If for any reason, Affiliates try to circumvent the regulation of one Account only, Piptle reserve the  right to immediately terminate all accounts and/or memberships except for the first account  registered.  

If there is a discrepancy on which account was registered first, Piptle will rely on its day and time  stamped data to determine the first registered account. In the case where the first registered  account was not fully agreed to by the Member/Affiliate due to a ‘misunderstanding’ between  them and their original sponsor, Piptle Admin will help to determine the most appropriate course of  action. 

Piptle may also delete any Membership to comply with applicable laws, protect its property, or the  property of others, ensure the safety of Piptle and others, or if Piptle reasonably determines that a  registrant has, or is likely to engage in any activity that violates these Terms. 

In case of termination, any accounts and all balances on the accounts terminated may be forfeited  to Piptle, and any pending pay-out requests will be revoked.

3.3. TRAINING / MENTORING REQUIREMENT

A Sponsor must maintain an ongoing professional leadership association with Affiliates in his or  her organisation and must fulfill the obligation of performing a bona fide supervisory or sales function in the sale or delivery of products and services. 

3.4. INCOME CLAIMS

Affiliates must truthfully and fairly describe the Piptle Compensation Plan. No past, potential or  actual income claims may be made to prospective Affiliates, nor may Affiliates use their own  incomes as indications of the success assured to others. Remuneration may not be used as  marketing materials. Affiliates may not guarantee specific values regarding commissions, or  estimate expenses to prospective new Affiliates. This would be considered unlawful enticement  and is in breach of our Terms. 

3.5. TRANSFER OF SPONSORSHIP LINES

Double sponsoring is not allowed. Double sponsoring happens when a natural person (or  legal entity) intends to register as a new Affiliate with Piptle although they are already a  registered Affiliate, or over the previous 6 months has already been registered as an Affiliate in  another line of sponsorship.  

Using the name of someone’s spouse, other family member, corporate structure, the name  of a company or association or using different identification documents or resorting to any  other misleading practice to circumvent the “no double sponsoring” rule are also not allowed. 

Similarly, no Affiliate is allowed to entice or encourage any other Affiliate to change sponsors and  register under them using any of the above unethical methods. Naturally, a change of sponsors may  take place if it has already been approved by Piptle.

3.7. CROSS RECRUITING WITHIN THE PIPTLE NETWORK

An Affiliate may not recruit, or attempt to sponsor, any non-personally sponsored Affiliate, that is  active or inactive, in Piptle. Cross Recruiting another Affiliate will have a mandatory suspension of  thirty (30) days, and all commissions and/or bonuses will be forfeited during the suspension.  

The suspension will precede an investigation, which may result in termination of the Affiliate. In  case of termination all balances on the account terminated may be forfeited and any pending  pay-out requests may be revoked. Piptle has a Zero Tolerance Policy, both for Cross Recruiting  and Cross Sponsoring.

3.8. TRANSFER OF OWNERSHIP

In order to be considered to transfer an account to a new Affiliate, the buyer of the account must  fully understand and accept all liabilities that the new account has attached to it.

When a new account holder chooses to assume an existing account, they accept and assume  the account in its entirety.  

Transfer of Ownership of accounts are to be done through the Compliance Department with  the required legal documentation needed to verify the identity of both the selling party and the  buying party, along with the administration fee outlined in our Policies and Procedures.  

All Affiliates wishing to request a transfer of ownership must be FULLY KYC approved prior to  requesting a transfer of account to be considered. If the account is not fully KYC approved at the  time of the request; the request for transferring will be declined. 

Affiliates can only sell Memberships with Piptle if: 

*Note: All transfers of ownership are subject to company approval.  

4. RESIGNATION/TERMINATION

4.1. VOLUNTARY RESIGNATION/TERMINATION

4.2. SUSPENSION

Piptle has the right, in its sole discretion, to suspend or cancel, at any time (within reason, but  without being required to provide reasoning), an Affiliate’s account and/or access to the Piptle website and/or Piptle back-office. In such an event, all balances and all privileges will be subject to  the terms of the suspension.  

Affiliates may be suspended for violating the terms of his or her Agreement, which include these  Terms and Conditions, the Compensation Plan, and the Policies and Procedures, or any other  documents produced by Piptle.  

When a decision is made to suspend an Affiliate, Piptle will inform the Affiliate in writing that the  suspension has occurred (effective as of the date of the written notification), the reason for the  suspension, and the steps necessary to remove such suspension (if any).  

The suspension notice will be sent to the Affiliate by email to the email address registered to the  account in question, pursuant to the notice provisions contained in the Policies and Procedures and in these Terms and Conditions.  

Such suspension may or may not lead to termination of the Affiliate, as so determined by Piptle at  its sole discretion. If the Affiliate wishes to appeal, Piptle must receive such appeal in writing, within fourteen (14) days from the date of the suspension notice.  

The Piptle will review and consider the suspension and notify the Affiliate in writing of its decision  within fifteen (15) days from the date of the suspension notice. The decision of Piptle will be final  and subject to no further review. 

The Piptle may take certain actions during the suspension period, including, but not limited to, the  following: 

If Piptle, at its sole discretion, determines that the violation which caused the suspension is  continuing, and has not satisfactorily been resolved or a new violation involving the suspended 

Affiliate has occurred, the suspended Affiliate may be terminated, and the account balance as well  as any pending payout requests may then be forfeited to Piptle. 

4.3. TERMINATION

Affiliates may be immediately terminated for violating the terms of his or her Agreement, which  includes these Terms and Conditions, the Policies and Procedures, and the Compensation Plan and  any other documents produced by Piptle upon written notice.  

Piptle may terminate a violating Affiliate without placing the Affiliate on suspension, at Piptle’s sole  discretion. When the decision is made to terminate an Affiliate, Piptle will inform the Affiliate in  writing at the email address in the Affiliate’s back-office profile that the termination has occurred. 

Piptle can at any point decide to terminate an Affiliate’s Account without giving any reason for the  termination (depending on the severity of the circumstances and our legal obligations to do so).  The termination will take effect immediately.

4.4. APPEAL

If Affiliate wishes to appeal the termination, Piptle must receive the appeal in writing within seven  (7) days from the date of notice of termination. If no appeal is received within the seven (7) days  period, the termination will automatically be deemed final.

Where an Affiliate files a timely notice of appeal, Piptle will review the appeal and notify the  Affiliate of its decision within ten (10) days after receipt of the appeal. The decision of Piptle will be  final, and subject to no further review.  

In the event the termination is not rescinded, the termination will remain effective as of the date  stated in the original termination notice. All appeals should be submitted to the Compliance  Department of Piptle. All appeals must be clearly written and include all account holder required  information for the appeal to be reviewed. Missing pertinent data will result in the appeal being  denied. 

4.5. EFFECT OF TERMINATION

Immediately upon termination, the terminated Affiliate: 

Piptle has the right to offset any amounts owed by Affiliate to Piptle including, without limitation,  any indemnity obligation incurred pursuant to Section 11.01 herein, from commissions or other  compensation due to the Affiliate. 

In case an Affiliate has been immediately terminated for violating the Terms of his or her  Agreement with Piptle, the Affiliate loses all rights to his or her Affiliate position in the  compensation Plan, and to all future commissions, and earnings resulting therefrom, as well as the  current account balance on his or her Personal Account, including any pending pay-out  requests.

4.6. REAPPLICATION

The acceptance of any reapplication of a terminated Affiliate, or the application of any  family member of a terminated Affiliate shall be at the sole discretion of Piptle, and can be  denied without any given reason. 

4.7. LOCAL LAWS

Where state laws on termination are inconsistent with this policy, the applicable local law shall  apply.

5. TRANSFERABILITY

5.1. ACQUISITION OF BUSINESS

Any Affiliate desiring to acquire an interest in another Affiliate’s business must first terminate his  or her Affiliate status and wait three (3) months before becoming eligible for such a purchase. All  such transactions must be fully disclosed and must be approved by Piptle in advance through the  Compliance Department and is subject to approval.

5.2. TRANSFERS OF AFFILIATES

Except as expressly set forth herein, Affiliate may not sell, assign or otherwise transfer his or her  Affiliate entity (or rights thereof) to another Affiliate, or to an individual which has an interest in  another Affiliate entity. 

Notwithstanding the foregoing, Affiliates may transfer his or her Affiliate entity to his or her sponsor,  subject to the conditions of Section 5.3 with reference to rules set forth in Section 3.9 of this  Agreement. In such an event, the sponsor’s entity and the transferring Affiliates entity shall be  merged into one entity. 

5.3. CONDITIONS TO TRANSFERABILITY

Affiliates may not sell, assign, merge, or transfer his or her Affiliate entity (or rights thereto)  without the prior written approval of Piptle and compliance with the following conditions:

5.4. CIRCUMVENTION OF TRANSFERRING ACCOUNT POLICIES

If it is determined, at Piptle’s sole discretion, that Affiliate entity was transferred in an effort to  circumvent compliance with the Agreement, the Policies and Procedures, Terms and Conditions  or the Compensation Plan, the transfer will be declared null and void.  

The Affiliate entity will revert back to the transferring Affiliate, who will be treated as if the  transfer had never occurred from the reversion day forward.  

If necessary and at Piptle’s sole discretion, appropriate action, including, without limitation,  termination, may be taken against the transferring Affiliate to ensure compliance with the  Policies and Procedures and Terms and Conditions.

5.5. SUCCESSION

Notwithstanding any other provision of this Section, upon the death of Affiliate, the Affiliate  account will pass to his or her successors in interest as provided by law. However, Piptle will not  recognize such a transfer until the successor in interest has executed a current Agreement and  submitted certified copies of the death certificate, Will, Trust or other instrument required by  Piptle. 

The successor will thereafter be entitled to all the rights and be subject to all the obligations of an  Affiliate.  

All documents submitted may be subject to notarisation for acceptance before processing such  changes. All changes will be made through the Compliance Department.  

Piptle has the right to refuse such changes if Piptle feels the documentation is not a true notarised  decree, or the documents have been altered in any way. When the account holder has been  reported as deceased the account will be placed in “hold” status while waiting on legal  documentation. 

When the heir is an existing Affiliate, that Affiliate, i.e. the heir, needs to note which account(s)  he/she wants to keep, and the account balance will be merged into that account and the other  account will be deleted. When the heir is not a member, he/she can get the position that has been  inherited.

5.6. RE-ENTRY / RE-APPLY

Any Affiliate who transfers his or her Affiliate Account must wait for six (6) months after the  effective date of such transfer before becoming eligible to reapply to become an Affiliate. 

The acceptance of this reapplication shall be at the sole discretion of Piptle and can be denied  without any given reason.

6. PROPRIETARY INFORMATION

6.1. CONFIDENTIALITY AGREEMENT

During the term of the Agreement, Piptle may supply to Affiliates confidential information, including (but not  limited to) genealogical and Downline reports, customer lists, customer information developed by Piptle or  developed for, and on behalf of Piptle by Affiliates (including, but not limited to, credit data, customer and  Affiliate profiles and product purchase information), Affiliate lists, manufacturer and supplier information,  business reports, commission or sales reports, and such other financial and business information which Piptle may designate as confidential.  

All such information (whether in written or electronic format) is proprietary and confidential to Piptle and is  transmitted to Affiliates in strictest confidence, on a “need to know” basis, for use solely in the Affiliate’s  business with Piptle. Affiliates must use their best efforts to keep such information confidential and must not  disclose any such information to any third party or use this information for any non-company activity directly, or indirectly while being an Affiliate and thereafter.  

Affiliates must not use the information to compete with Piptle, or for any purpose other than promoting  Piptle’s program, its products, and services. Upon expiration, or termination of the Agreement, Affiliates must  discontinue the use of such confidential information and promptly return any confidential information in  their possession to Piptle.

6.2. COPYRIGHT RESTRICTIONS

With respect to product purchases from Piptle, Affiliates must abide by all third-party suppliers use  restrictions, and copyright protections.

6.3. VENDOR CONFIDENTIALITY

Piptle’s business relationships with its vendors, manufacturers and suppliers are  confidential. Affiliates must not contact, directly or indirectly, or speak to, or communicate  with any supplier, or manufacturer of Piptle, except at Piptle sponsored events at which the  supplier or manufacturer is present at the request of Piptle.

7. TRADEMARKS, LITERATURE & ADVERTISING

7.1. TRADEMARKS

Piptle’s trademarks, service marks, and copyrighted materials are owned by Piptle. Use of such  marks and materials must be in strict compliance with these Terms & Conditions.

7.2. ADVERTISING & PROMOTIONAL MATERIALS

Only the promotional and advertising materials produced by Piptle, or approved in advance in  writing by Piptle may be used to advertise, or promote an Affiliate’s business, or to sell products  and services of Piptle. Piptle’s literature and materials may not be duplicated, or reprinted without  the prior written permission. Promotional material will be specifically made for Affiliates to use to  promote their businesses. No company logos are allowed on Affiliate promotion sites without express permission from Piptle. All violations will be subject to suspension and possible  termination. 

You are prohibited, without prior written consent by Piptle, from advertising in any way, shape or  form. This includes, but is not limited to advertising, promotions of any kind, or any advertising  links on social media, or forums, such as (but not limited to) blogs, social forums, or other  marketing methodology designed to promote Piptle, and its products. 

Piptle may offer at some stage, banners or other promotional material together with information  about how, and where such material may be used. Affiliates may advertise if they are following  Piptle’s guidelines correctly. 

If the Affiliate fails to comply with these guidelines, Piptle holds the right to suspend, and/or  terminate the Affiliate’s account. 

7.3. USE OF COMPANY NAME

Affiliates may use the name of Piptle only in the following format: ”Independent Affiliate for Piptle”,  or “Independent Member of Piptle” or “Independent Licensee for Piptle”. The use of the company  name “Piptle” may only be used with the preceding title labelled “Independent”.  

We ask that Affiliates promote their businesses using their own unique names that do not mislead  or interfere with the public perception of the opportunity. 

7.4. STATIONERY AND BUSINESS CARDS

Affiliates are not permitted to ”create” their own stationery, business cards, or letterhead  graphics, if Piptle’s trade name or trademarks are used. Only the approved Piptle’s graphics  version and wording are permitted; letterheads, envelopes, and business cards must be ordered  using the online/stationery order form when this feature becomes available.

7.5. ELECTRONIC ADVERTISING

Affiliates may not advertise or promote their Affiliate business, or Piptle’s business, products or  marketing plan or use Piptle’s name in any electronic media, or transmission, including on the  Internet via web sites or otherwise, without the prior written approval of Piptle’s legal and/ or compliance department.  

All materials found to be in breach of any prohibited advertising will result in suspension and  possible termination of the account. All suspended accounts will be under investigation for a  minimum of 30 days, until the case is concluded. All questions should be directed to Piptle’s  Compliance Department.  

All accounts in violation of this clause will be flagged by our Administrators, and all email addresses  flagged as in violation of this clause will be sent an email from Piptle’s Compliance Department.  These emails should be responded to immediately to ensure your account remains in good standing.

7.6. TELEPHONE LISTING

Affiliates are not permitted to use Piptle’s trade name in advertising their (mobile) telephone  numbers in the white or yellow page sections of the telephone book. Affiliates are not permitted  to list their (mobile) telephone numbers under Piptle’s trade name without first obtaining Piptle’s  prior written approval.  

Any Affiliate found to be conducting business in this manner without Piptle approval may be  subject to immediate termination of their account and legal proceedings to follow.

7.7. TELEPHONE ANSWERING

Affiliates may not answer the telephone by saying that they are from Piptle, or in any other manner  that would lead the caller to believe that he or she has reached a corporate representative, or the  offices of Piptle. 

7.8. MEDIA INTERVIEWS

Affiliates are prohibited from granting radio, television, newspaper tabloid, or magazine interviews, or using public appearances, public speaking engagements, or making any type of statement to the  public media to publicise Piptle, its products, or Piptle businesses, without the express prior written approval of Piptle. All media inquiries should be in writing and referred to Piptle’s Compliance  Department.

7.9. ENDORSEMENTS

No endorsements by a Piptle officer or administrator or third party may be asserted, except as  expressly communicated in Piptle literature and communications.  

Certain regulatory agencies do not approve or endorse direct selling programs, therefore,  Affiliates may not represent or imply, directly or indirectly, that Piptle’s programs, products or  services have been approved, or endorsed by any governmental agency unless this has been  approved of by both the regulatory body, and Piptle.  

Piptle does not support the use of its logos, company names, product names, or images of Piptle products by other parties in marketing, promotional, or advertising materials, as their use may  create the perception that Piptle endorses, or sponsors the product, service, or promotion. 

7.10. RECORDINGS

Affiliates may not produce or reproduce products for sale or personal use that are produced, or  reproduced by Piptle, or any literature, audio, or video material, presentations, events or  speeches, including conference calls produced by Piptle. Video and/or audio recording of Piptle meetings and conferences is strictly prohibited unless approved of, and officially announced by  Piptle in advance of the meeting, or conference.

7.11. INDEPENDENT COMMUNICATIONS

Affiliates, as Independent Members and Licensees, are encouraged to distribute information  and direction to their respective Downlines. However, Affiliates must identify and distinguish  between personal communications, and the official communications of Piptle. Reproducing  communications in any form constitutes a breach of Piptle’s Terms, and accounts found in breach  of this may be subject to suspension, or possible termination.

7.12. E-MAIL

When you are approved as an Affiliate with Piptle, you expressly consent to receive any notices,  announcements, agreements, disclosures, reports, documents, communications concerning new  products, services, crowdfunding, or other records, or correspondence from Piptle.  

You consent to receive notices electronically by way of transmitting the notice to you by email  using the email address you have registered with Piptle. Please refer to the Privacy Policy and  GDPR Policy for detailed information regarding privacy. 

You agree to refrain from copying, duplicating, and/or soliciting information, material, and other  properties owned by Piptle, or any of the products, and services we provide unless we grant you prior written approval and consent.

8. PAYMENT OF COMMISSIONS (REMUNERATIONS)

8.1. BASIS FOR COMMISSIONS

Commissions and other compensation cannot be paid until the Membership Agreement has been  received, accepted and KYC documents have been approved and accepted by Piptle.  

In order to receive commissions on products and services sold, Piptle must have received and  accepted an Agreement prior to the end of the commission phase in which the sale is made. Piptle must receive the full net amount of the selected Piptle services and products to be able to pay full  commissions (remunerations). Please also see section 1.14 regarding your obligations on providing  Piptle with an accurate and current ABN. 

8.2. COMMISSION (REMUNERATION) PAYMENTS

Commissions are paid to Affiliates in accordance with the Compensation Plan. Affiliates must  consult the Compensation Plan for a detailed explanation of the benefits, bonus structure and  requirements of the Compensation Plan. Affiliates may also receive perks for being an Affiliate but  would have to refer to the Compensation Plan for specific details. 

8.3. OFFSET OF REMUNERATIONS (COMMISSIONS)

Any commissions or bonuses earned and paid on products returned is the obligation of and  must be repaid to Piptle by Affiliates earning such commissions. Piptle has the right to offset  such amounts against future commissions and other compensation paid, or owed to such  Affiliates who received commissions.

8.4. PAYMENT OF BONUSES AND COMMISSIONS

In order for any Affiliate to receive any bonuses or commissions from Piptle, the Affiliate must meet  with the requirements set out in the Compensation Plan. 

In cases of suspected irregularities or fraud, as well as by means of protecting the financial interest  and future of Piptle, Piptle reserves the right to take actions at its sole discretion including, but not  limited to, the payout procedures.

9. PURCHASE & SALE OF SERVICES

9.1. PAYMENT OPTIONS (REFER TO SECTION 8.3)

Affiliates may use wire transfers (bank transfer), BTC, or PPTLs, to fund their purchase of Piptle products and services of their choice. All banking fees and wire transfer expenses will be borne by  the Affiliates. 

Wire Payments must be made to the bank details located in the back-office under the payment  tab. Payments through wire transfer will have to be confirmed and verified before any activation  of the products, or services within Piptle.

9.2. EMAIL BLASTS, SPAMMING

Piptle prohibits the marketing practice commonly referred to as ”Spamming”.  All messages that originate from you as an Affiliate must comply with all applicable laws in your  jurisdiction as well as with general spam regulations. In the event of any validated report of  ”Spam” by you, Piptle may, at its sole discretion and without prior notice, terminate or suspend  your Affiliate account, and in the case of termination, you will forfeit any unpaid and future  Bonuses. Piptle defines ”Spam” as: 

NOTE: You agree and accept that Piptle will not be liable for any damages incurred in relation  to e-mails sent out by you as an Affiliate. Any Affiliate is required to be responsible for their own  communications and their conformance to these Terms & Conditions for Affiliated Partners and  Affiliated Member.

10. GUARANTEE, COOLING OFF PERIOD & REFUND POLICY

10.1. MONEY BACK GUARANTEE / COOLING OFF PERIOD

Piptle offers a 14-day, 100 percent Money Back, and Satisfaction Guarantee to all Affiliates on  purchased Memberships or Licenses bought on Piptle.com. The 14 days, 100 percent Money Back  Guarantee, starts from the moment of your purchase, includes weekends, and only applies to the  initial purchase of an unused Membership or License that has been bought from Piptle. If an  Affiliate is dissatisfied with the service for any reason, the Affiliate may receive a refund within 14  days of the Affiliate’s initial purchase, for a full refund of the purchased price. All other warranties  and guarantees are disclaimed. After 14 days, your purchase of a Membership or License will no  longer be refundable. Please see the Policies & Procedures for full disclosure. 

When you purchase a Membership or License from Piptle, you have a 14-day cooling off period  which means that you can regret your purchase and get a refund of your money. This cooling off  period may potentially be terminated and cancelled immediately if you:

If the above criteria are met, Affiliates will neither have a cooling off period, nor the right to a  refund, or a chargeback since you have started to use the product or service that you have  purchased, which per definition cancels your possibility for any refund, and to which you, as Affiliate, agree to irrevocably waive your right to a refund.  

REFUNDS ON GIFT CODES

The original buyer of the Gift Code cannot receive a cash refund on a purchased Gift Code but it  can be deposited back to the buyer’s account in its back-office.  

If the original buyer who purchased the Gift Code paid from its Account Balance in its back-office,  the purchase amount will be returned to its Account Balance in its back-office.  

If the original buyer who purchased the Gift Code paid with Bitcoin, or other crypto/tokens, this  purchase amount will be returned to its Account Balance in fiat currency, which will be converted  to PPTLs, to its back-office. The party who has received the Gift Code from an Affiliate to join  Piptle’s opportunity will not be able to redeem or request a refund for the Gift Code from Piptle.  There are no cash refunds for Gift Codes. 

An Affiliate who gives a Gift Code away, and/or sells a Gift Code, to any new member wishing to be  a part of Piptle’s opportunity, such Gift Code will be deemed to have been used and will not be  refunded in any way. Affiliate´s agree to irrevocably waive their right to a refund of Gift Codes having been used.

Regarding the refund policy of any product or service purchased via the Piptle platform, Piptle refers Affiliates to the refund policy of the respective third party offering that specific product or  service

10.2. WARRANTIES

Except as expressly stated herein, Piptle makes no warranty or representation as to the  merchantability, fitness for a particular purpose, workmanship or any other warranty concerning  any product or service purchased from, or through Piptle.

11. GENERAL PROVISIONS

11.1. INDEMNITY AGREEMENT

Each and every Affiliate agrees to indemnify and hold harmless Piptle, its shareholders, officers,  directors, employees, agents, and successors in interest from and against any claim, demand,  liability, loss, cost, or expense including, but not limited to, court costs and attorneys’ fees,  asserted against, or suffered, or incurred by any of them directly, or indirectly, arising out of, or in  any way related to, or connected with allegedly or otherwise, the Affiliate’s:

11.2. PROCESSING CHARGES

Piptle reserves the right to institute a processing charge for any transfer requests, and/or  genealogy requests. 

11.3. OTHER SERVICES

Affiliates may not promote or sell another company’s services at functions organised to feature  Piptle and its products/services. Affiliates are not restricted from selling the services, and products  of other companies, however promotion of any other companies’ services, products and/or  business programs to Piptle Affiliates is strictly prohibited if it is enticing or disrupting the current  Piptle’s business structure.

11.4. ENTICEMENT

Affiliates may not promote or entice new Affiliates by providing false projections to lure Affiliates  to be a part of the Piptle community. This is grounds for immediate suspension and possible  termination.

11.5. MOBILE SERVICES

The web-based platform offered by Piptle may be available via your mobile phone, including the ability to  receive and reply to messages and the ability to browse the Piptle website and maybe specific application  produced for usage and benefit to the Piptle Affiliates. Piptle does not charge you extra for these services,  however, your carrier’s normal messaging, data and other rates and fees will still apply. You should check with  your carrier to find out what plans are available and how much they cost.

11.6. RELATIONSHIP WITH THIRD PARTIES

Piptle will link to third-party Suppliers where Piptle has entered affiliation agreements giving cash  back to Affiliates based on the level of activity generated by Piptle Affiliates. These companies are  not set up to respond directly to Piptle Affiliates except through their customer support.

11.7. AVAILABILITY, VIRUSES, WARRANTY DISCLAIMER

Due to the nature of the internet and computer systems, Piptle cannot be held liable for the  continuous availability of the Piptle website. Although Piptle makes every endeavor to keep the  website accessible and free from viruses, Piptle cannot make any guarantee that it is virus-free.  

You shall, for your own protection, take the necessary steps to ensure appropriate security  measures and shall utilize a virus scanner before downloading any information, software or  documentation.  

The Piptle website may be unavailable from time to time for maintenance or other reasons. Piptle assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation  or transmission, communications line failure, theft, or destruction, or unauthorised access to, or  alteration of, user communications or content.  

Piptle is not responsible for any technical malfunction or other problems of any telephone network  or service, computer systems, servers or providers of any of the before mentioned, computer or  mobile phone equipment, software, on account of technical problems or traffic congestions on  the internet or at the Piptle website, including injury or damage to User’s or to any other person’s  computer, cell phone or other hardware or software, related to or resulting from using or  downloading materials in connection with the Piptle website or the crowdfunding. All information  and services included in or available through the Piptle website are provided ”as is” and ”as  available” for your personal, non-commercial use.  

Neither Piptle nor any of its employees, agents, content providers, service providers, or licensors,  makes any warranty of any kind regarding the website and/or the content contained therein, the  products or services available on, or through the website, the results that may be obtained from  using the website and/or the products or crowdfunding offered through the Piptle website.  

Piptle disclaims all warranties of any kind, either express or implied, including, but not limited to, the  implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

Piptle expressly disclaims all warranties that the content of the website is accurate, reliable or  correct; that the website will be available at any particular time or location, will be uninterrupted,  timely, secure, or error-free; that any defects or errors will be corrected; or that the content is free  of viruses or other harmful components. Your use of the Piptle website is solely at your risk. 

You download or otherwise obtain content, material data or software (including any mobile user)  from or through the Piptle website or service at your own discretion and risk and you will be solely  responsible for your use thereof and any damages to your cell phone or computer system, loss of  data or other harm of any kind that may result. Because some jurisdictions do not permit the  exclusion of certain warranties, these exclusions may not apply to you. To the extent that we may  not disclaim implied warranties as a matter of applicable law, the scope and duration of such  warranty shall be the minimum required under such applicable law.

11.8. LIMITATION OF LIABILITY

To the extent permitted by law, Piptle shall not be liable for, and each Affiliate releases Piptle from,  and waives all claims for any loss of profits, indirect, direct, special, or consequential damages or, any other loss incurred or suffered by Affiliate as a result of: 

Piptle or any of its subsidiaries, will not be held responsible to AFFILIATES, or any other parties,  for incurred losses, costs or expenses, loss of use, and damages (consequential/incidental or  both) resulting from mistakes in, omissions from, or changes to, information, links, downloaded  material or other materials, an ‘AFFILIATE’ may receive or come into contact with, while accessing  the website.  

We do not provide any guarantees for the accuracy or validity of information provided in any of  our services generated from generally reliable sources due to the refusal of such companies to  provide legal guarantees for their information. 

Piptle, does not accept any liability or legal responsibility for, arising out of use, any services  provided, interpretation, or acceptance, of any information available on the website, Piptle.com or  on any third-party websites.  

You agree to access the website at your own risk and we do not provide any legal warranty that  information available or obtained on this website is absolutely accurate and reliable, or that accessing our servers cannot expose you to viruses or other forms of harm. 

You understand that you are solely responsible for damage or costs arising from damage to  your computer and any of its components.

11.9. RECORDKEEPING

Piptle encourages all Affiliates to keep complete and accurate records of all their business dealings.

11.10. FORCE MAJEURE

Piptle shall not be held liable for any failure or delay in performing any of its obligations under the  Agreement or for other non-performance hereof if such delay or non-performance is caused  (directly or indirectly) by circumstances beyond Piptle’s control, such as but not limited to events of  pandemic, strike, labor disturbances, fire, flood, earthquake, storm, power outages, riot, act or  ordinance of any governmental or local authority, acts of governmental or military authorities,  international sanctions, civil unrests, terrorism, armed conflict, war or by any other cause beyond  the reasonable control of that Party (a “Force Majeure Event”). 

If Piptle´s performance of its obligation under this Agreement is affected by a Force Majeure Event,  Piptle shall immediately inform the Affiliates affected of such event, and use reasonable commercial  efforts to remove, or overcome the hindrance for performance. Should a Force Majeure Event  continue for more than three months, Piptle shall have the right to terminate the Agreement with  immediate effect.

11.11. VIOLATIONS

It is the obligation of every Affiliate to abide by and maintain the integrity of the Terms and  Conditions, and the Policies and Procedures. If an Affiliate observes another Affiliate committing a  violation, he or she can discuss the violation directly with the violating Affiliate and refer them to  the Terms and Conditions and/or Policies and Procedures.  

If the Affiliate wishes to report such violation to Piptle, he or she must report it in detail the  violation committed in writing to the Compliance Department. When sending in the reported  violation, mark the correspondence in the subject line as “REPORTED COMPANY VIOLATION”. 

11.12. AMENDMENTS

Piptle reserves the right to amend the Agreement, the Terms and Conditions, the Compensation  Plan and the Policies and Procedures as well as any other Policies and/or documents being a part of  the Agreement, its (retail) prices, product and service availability at any time without prior notice as  it deems appropriate. By entering into the Membership Agreement, an Affiliate agrees to abide by  all amendments or modifications that Piptle elects to make, now and in the future.  

Amendments will be communicated to Affiliate through official Piptle notifications such as, but not  limited to, posting on Piptle website, posting in Affiliate’s back-office, e-mail, special mailings or other publications. Amendments are effective and binding upon official Piptle notification. In the  event any conflict exists between the original documents or policies and any such amendment, the  amendment shall prevail. 

11.13. NON-WAIVER PROVISION

No obligation or provision herein, and no custom or practice of the parties at variance with these  Policies and Procedures, shall constitute a waiver of Piptle’s right to demand exact compliance with  these Terms. Piptle’s waiver of any particular default by Affiliate shall not affect or impair Piptle’s  rights with respect to any subsequent default, nor shall it affect in any way the rights or obligations of any other Affiliate. No delay or omissions by Piptle to exercise any right arising  from a default effect or impair Piptle’s rights as to that or any subsequent or future default. Waiver by Piptle can be affected only in writing by an authorised officer of Piptle.

11.14. GOVERNING LAW

The Terms are governed by the laws of Queensland, Australia. Any dispute, controversy, proceeding or claim of  whatever nature arising out of or in any way relating to the Terms and the rights created hereby shall be  governed, interpreted and construed by, under and pursuant to the laws of Queensland, Australia, without  reference to conflict of law principles, notwithstanding mandatory rules. The validity of this governing law  clause is not contested. The Terms shall be binding to the benefit of the parties hereto and their successors  and assigns. 

11.15. STATUTES OF LIMITATIONS

Regardless of any statute or law to the contrary, any claim or cause of action arising out of or  relating to these Terms & Conditions for Affiliates must be filed within three (3) months after such  claim or cause of action arose or be forever barred.

11.16. ENTIRE AGREEMENT

The Terms and Conditions, the Compensation Plan, the Policies and Procedures, and any other  Policies and/or documents that are issued by Piptle, that Piptle specifically identifies as being a part  of the Agreement are incorporated into the Agreement and constitute the entire agreement of the  parties regarding their business relationship.

11.17. GDPR REGULATIONS

In the framework of its business operations, Piptle processes personal data relating to its  customers as well as other business contacts. Piptle always takes care to process personal  data in a responsible and correct manner in accordance with applicable laws and regulations,  such as the EU General Data Protection Regulation (GDPR). How Piptle processes personal  data is regulated in the Privacy Policy, which forms an integral part of the Membership Agreement.

11.18. SEVERABILITY

If under any applicable and binding law or rule of any applicable jurisdiction, any provision of the  Agreement, including these Terms and Conditions and Policies and Procedures, or any specification,  standard or operating procedure which Piptle has prescribed is held to be invalid or unenforceable,  Piptle shall have the right to modify the invalid or unenforceable provision, specification, standard  or operating procedure or any portion thereof to the extent required to be valid and enforceable,  and the Affiliate shall be bound by any such modification. The modification will be effective only in  the jurisdiction in which it is required.

11.19. LIMITATION OF DAMAGES

To the extent permitted by law, company and its Affiliates, officers, directors, employees and other representatives, shall not be liable for, and Affiliate hereby releases the foregoing from, and waives any claim for loss of profit, incidental, special, consequential or exemplary  damages which may arise out of any claim whatsoever relating to company performance,  nonperformance, act or omission with respect to the business relationship or other matters  between any company and company, whether sounding in contract tort or strict liability. 

Piptle shall not exceed and is hereby expressly limited to, the amount of unsold company services and/or products of company owned by the Affiliate, and any commissions owed to  the Affiliate.

11.20. NOTICE

Any communication, notice or demand of any kind whatsoever which either the Affiliate or Piptle may be required or may desire to give or to serve upon the other shall be in writing and delivered by  electronic communication whether by telex, telegram, Email or telecopy (if confirmed in writing  sent by registered or certified mail, postage prepaid, return receipt requested). Any such  communication, notice or demand shall be deemed to have been given or served on the date of  confirmed dispatch, if by electronic communication, or on the date shown on the return receipt or  by other evidence if delivery is by mail.

11.21. USE OF MATERIAL

All materials included on any of the subsidiary companies of Piptle’s website and any other content  are protected by copyright, trademark and other laws as property of Piptle and/or any of its  subsidiary entities, unless otherwise noted. Unauthorised use of the logo, branding, or any such  company materials violates copyright, trademark and other laws. As an Affiliate, you may download  and/or print the company approved materials for use only.  

Copies that you make of the material must bear any copyright, trademark or other proprietary  notices located on the company websites, presentations, and/or social media which pertain to the  material being copied. Any other sale, modification, reproduction, redistribution, publication or  retransmission of any information from Piptle in whole or in part without the prior written permission of Piptle, is strictly prohibited.

11.22. MISCELLANEOUS

No delay or omission by any of the parties in exercising any right under these Terms & Conditions  for Affiliates shall operate as a waiver of that or any other right. A waiver of consent given by the  other party on any one occasion shall be effective only in that instance, and shall not be  construed as a bar, or waiver of any right, on any other occasion. 

Captions contained in these Terms & Conditions for Affiliates are inserted only as a matter of  convenience, or for reference, and in no way define, limit, extend, or describe the scope of Terms  & Conditions for Affiliates, or the intent of any provision of the Terms & Conditions for Affiliates. It is the intent of the parties that no Terms & Conditions for Affiliates shall be construed against  either party pursuant to the common law rule of construction against the drafter. It is the intent of  the parties that said rule is not applicable to Terms & Conditions for Affiliates.  

The parties waive all rights to trial by a court in any action or proceeding instituted in connection  with Terms & Conditions for Affiliates. If any provision of Terms & Conditions for Affiliates shall be  held invalid, or unenforceable by any court of competent jurisdiction, or as a result of future  legislative action, such provision shall be enforced to the maximum extent permissible, so as to give  effect to the parties’ intentions as reflected in the provision, and all other provisions of Terms &  Conditions for Affiliates shall remain in full force and effect. In the event of a dispute arising out of  or relating to Terms & Conditions for Affiliates, the prevailing party shall be entitled to an award of  attorney’s fees and costs. 

In the event that any provision of these Terms & Conditions for Affiliates shall be invalid, illegal, or  otherwise unenforceable, the validity, legality, and enforceability of the remaining provisions shall  in no way be affected, or impaired thereby. Nothing in these Terms & Conditions for Affiliates  provides the Affiliates with the right, license, authorisation, or approval to make binding  agreements with any person or entity on behalf of Piptle. Furthermore, a Piptle Affiliate is not  authorised to receive, or collect money from any person on behalf of Piptle. All payments must be  made directly to Piptle. 

These Terms & Conditions for Affiliates, Piptle’s Privacy Policy, as well as all other terms,  obligations, and rules posted on the Piptle website, which are hereby incorporated by this  reference. 

In the event any of these Terms & Conditions for Affiliates may be translated into a different  language it will always be the English version that is the only legally binding version, and  translations may be regarded as means of information only. 

All and any inquiries related to Earnings, Payments, Placement Queries, Cancellations, Refunds  You will need to submit a support ticket through your back-office, or via the ticket form on the login page of Piptle.com. 

All inquiries related to Transfer of Ownership, Appeals, Copyright Infringements, Trademark  Violations, KYC You will need to send an email to [email protected].  

On commencing a new Membership or License with us, please return and retain a digitally signed copy of this Membership Agreement on file at all times.

Membership Types, Information, and Eligibility:

PIPTLE Club Members (PCM)

PIPTLE Club Members are the annual subscribers that access and utilise the membership products and  services provided by the PIPTLE Co-operative. These members must be over 16 years of age within  Australia (NOTE: The minimum age requirement varies across different countries. Be sure to check your local minimum age requirement for your respective country if it is outside Australia.).  

The activity requirements to retain the status of a PIPTLE Club Member are:

1)Pay a yearly membership fee of $88 to access the PIPTLE Academy (including GST in Australia). 

AND in any given year, participate in two or more of the following activities: 

PIPTLE Club Members will have access to buying products and services from the PIPTLE Marketplace  and other supporting platforms. Club Members will have access to the PIPTLE Academy website and can undertake any of the courses offered with a minimum discount of 10% on the listed price for any  other paid courses.  

PIPTLE Club Members who directly refer others to join the PIPTLE Co-operative as members may  receive a maximum affiliate bonus of 10% on any PIPTLE licensing packages purchases. Further tokens  rewards may also be awarded for any purchase of PIPTLE Co-operative products and services as  stipulated and updated on the Co-operative membership website.  

PIPTLE Affiliate Licensee (PAL)

PIPTLE Affiliate Licensees are the annual subscribers that access and utilise the membership products  and services provided by the PIPTLE Co-operative. These members must be over the age of 16 years.  

The activity requirements to retain the status of a PIPTLE Affiliate Licensee are: 

1) Pay an annual membership fee of $88 to access the PIPTLE Academy (including GST in  Australia).  

2) Purchase an Affiliate licensing package that will provide access to additional Software as a  Service products provided by the PIPTLE Co-operative. 

AND in any given year, participate in three or more of the following activities. 

PIPTLE Affiliate Licensees will be eligible to list up to 5 products on any of the PIPTLE Marketplace  websites for no monthly charge, the conditions for which will be set out by the Co-operative on its  website and updated from time to time.  

PIPTLE Affiliate Licensees must provide a minimum of 10% of the value of products or services sold on  the PIPTLE.store marketplace to provide for shared affiliate commissions to the PIPTLE Co-operative. 

PIPTLE Affiliate Licensees must accept a minimum of 50% payment in PIPTLE Cooperative approved  community issued tokens and exchange-based cryptocurrencies towards payment of products and  services listed on the PIPTLE Marketplace, and/or the associated and partnered websites. 

PIPTLE Affiliate Licensees will have access to buying products and services from the PIPTLE  Marketplace and other supporting platforms. PIPTLE Affiliate Licensees will have access to the PIPTLE  Academy website and can undertake any of the accredited courses offered with a minimum discount  of 20% on the listed price.  

PIPTLE Affiliate Licensees who refer others to join the PIPTLE Co-operative as members may receive  token rewards and affiliate cash bonuses on any direct sales that are paid on (but not limited to): PIPTLE Affiliate Licensees contributing capital will be issued CCU’s. They will be entitled to returns on  surpluses of the PIPTLE Co-operatives’ activities.  

NOTE: CCUs means Capital Contribution Unit in respect to the Piptle Co-operative. CCUs participate in  net Profit-Sharing from the Piptle Co-operative, therefore accumulating and holding CCUs will entitle  you to share in Piptle Co-operative profits. 

PIPTLE Affiliate Licensees contributing capital will be issued CCU’s. They will be entitled to returns on  surpluses of the PIPTLE Co-operatives’ activities.  

NOTE: CCUs means Capital Contribution Unit in respect to the Piptle Co-operative. CCUs participate in  net Profit-Sharing from the Piptle Co-operative, therefore accumulating and holding CCUs will entitle  you to share in Piptle Co-operative profits.

PIPTLE Supporter Affiliate Licensee (PSAL)

Membership as a PIPTLE Supporter Affiliate Licensee will be open to any individual, merchant or entity  wishing to contribute to creating an engaged community that can champion the provision of education, supporting income initiatives and trusted affordable access to products and services  supportive of the PIPTLE Co-operative. A PIPTLE Champion Licensee must be over the age of 18 years. 

The active participation requirements to become activated as a PIPTLE Sales Agent are: 

Pay an annual membership fee of $88 to access the PIPTLE Academy (including GST in Australia).  Purchase a PIPTLE Supporter Affiliate licensing package that will provide access to additional Software  as a Service products provided by the PIPTLE Co-operative starting from AUD$1,000.  Purchase a minimum of five (5) CCUs in the first year of membership being a capital contribution  equivalent to $500. 

AND in any given year, participate in at least four or more of the following activities:  

PIPTLE Supporter Affiliate Licensees will be eligible to list products on the PIPTLE Marketplace websites  and must provide a minimum of 10% of the value of products or services sold on the PIPTLE  Marketplace to provide for shared commissions to the PIPTLE Co-operative. 

PIPTLE Supporter Affiliate Licensees must accept a minimum of 50% payment in PIPTLE Cooperative  approved community issued tokens and exchange-based cryptocurrencies towards payment of  products and services listed on the PIPTLE Marketplace associated and partnered websites. 

PIPTLE Supporter Affiliate Licensee contributing capital will be issued CCU’s. These will be entitled to  returns on surpluses of the PIPTLE Co-operatives’ activities.  

Global PIPTLE Affiliate Licensee (GPAL)

Membership as a Global PIPTLE Affiliate Licensee (GPAL) will be open to any individual, merchant, or  entity wishing to contribute to creating an engaged community that can champion the provision of  education, supporting income initiatives and trusted affordable access to products and services  supportive of PIPTLE Co-operative. A Global PIPTLE Affiliate Licensee must be over the age of 18 years.  

The first 100 to register as a GPAL will be given the status of Founder. All those members registered  in the first three thousand (3000) as a GPAL that then complete the required course accreditations.  These members will be given a special status as a Global PIPTLE Agent, awarding them additional  privileges and rights to carry on business activities supported by the Co-operative. These privileges  include the nomination and listing of projects on PIPTLE’s eziStake.com and eziNFT.com platforms,  receiving a special release PIPTLE NFT tied to their license, sharing in 1% of the profit of sales of all  licensing packages, and the ability to sell or transfer the ownership of their GPAL license, and the  associated affiliate business income they generate. 

All additional GPAL licenses after the 3000 first issued will be considered Affiliate only licenses and will  only be entitled to earn affiliate income from the sale of PIPTLE educational products and services and  activities as approved by the Co-operative.  

The active participation requirements to become qualified as a GPAL Member are: 

1)Pay an annual membership fee of $88 to the PIPTLE Academy (including GST in Australia).

2) Purchase a Global PIPTLE Affiliate licensing package that will provide access to additional  Software as a Service products provided by the PIPTLE Co-operative starting from AUD$2,000.

3) Purchase a minimum of ten (10) Co-operative Capital Units (CCUs) within the first year of  registration or upgrade of membership level.

4) Complete two of the online professional educational blockchain related courses that may be  recommended by the Co-operative on the PIPTLE Academy.  

AND in any given year, participate in at least four or more of the following activities:

Affiliate Licensees based on meeting their minimum activity requirements qualify to: 

i) Earn in a shared yearly income pool of 1% of the gross income earned from the sale of Co operative Software as a Service licensing products, educational course sales, the sale of any  coin and token packages, the sale of associated professional services and products also  provided through the PIPTLE Co-operative.  

ii) Earn affiliate bonuses on additional levels of their network.  

iii) Earn from helping to list NFTs and other digital assets globally, and on approved PIPTLE  Cooperative platforms and partner platforms.  

iv) Earn from building a Global PIPTLE Affiliate licensee business globally, the terms and  conditions of each software licence being published on the PIPTLE Co-operative website (and  updated from time to time by the PIPTLE Co-operative Management).  

v) Qualify to potentially earn commissions, token allocations, and reward bonuses associated  with supporting projects that are subsequently funded by the PIPTLE Co-operative.

vi) Earn from additional sales activity per the guidelines published on the PIPTLE Co-operative  online website membership area, subject to yearly review by the PIPTLE Co-operative  Management.  

vii) Be able to sell or transfer their Global PIPTLE Agency License (GPAL) being represented  digitally by a NFT (non-fungible token supported by a smart contract) to another active Co operative Member.  

Global PIPTLE Affiliate Licensees who refer others to join the PIPTLE Co-operative as members may  receive token rewards and affiliate cash bonuses on any first level direct sales and second level direct  sales that are paid on (but not limited to): 

Global PIPTLE Affiliate Licensees must provide a minimum of 10% of the value of products or services  sold on the PIPTLE.store marketplace, to provide for shared commissions to the PIPTLE Co-operative. 

Global PIPTLE Affiliate Licensees must accept a minimum of 50% payment in approved PIPTLE Co operative community member issued tokens and 100% in any exchange-based cryptocurrencies  towards payment of products and services listed on the PIPTLE Marketplace associated and partnered  websites.  

A Global PIPTLE Affiliate Licensee contributing capital will be issued CCU’s and bonus utility coins able  to be used in the PIPTLE Co-operative ecosystem. These will be entitled to returns on the surpluses  of the PIPTLE Co-operatives’ activities.

Community Champions

Membership as a Community Champion will be open to any membership level of the PIPTLE Co operative. A person needs to have qualified by completing the required certificate courses, and then  be endorsed by fellow members, in order for this to occur.  

The role of Community Champions is to actively support creating an engaged community that can  champion creating income opportunities, provide support delivery of education, and with income  generation initiatives, assist with running a community node for supporting decentralised blockchain  activities and trusted affordable access to products and services, supportive of PIPTLE Co-operative. 

The active participation requirements for Community Champions are: 

  1. Pay a yearly membership fee of $88 to the PIPTLE Academy (including GST in Australia) and hold  either a PSAL or GPAL level membership in the Co-operative. 
  2. Complete the educational courses and meet the certification requirements (as will be stated and  updated from time to time on the PIPTLE Co-operative membership website). Courses for  qualification will be required to be undertaken with and any of the associated Partner Champion  Education providers on subjects including blockchain programming, applied blockchain,  cryptocurrency trading, tokenisation, smart contract development, and other courses on  emerging technologies.  

AND in any given year, participate in at least one of the following activities:

Community Champions in the PIPTLE Co-operative can serve as mentors to the community and may  receive rewards and monetary bonuses, issuance of tokens from projects they participate in providing  mentoring services to, or other working deliverables

SMSF Champions

Membership as a SMSF Champion will be open to any Self-Managed Super Fund (SMSF) authorised  manager wishing to create an engaged community that can champion creating income opportunities,  providing education, supporting property income initiatives and trusted affordable access to products  and services supportive of PIPTLE Co-operative. 

The active participation requirements for SMSF Champions are: 

3) Pay a yearly membership fee of $88 to the PIPTLE Academy (including GST in Australia).  4. Purchase a PIPTLE SMSF Champion licensing package that will provide access to additional  Software as a Service (SaaS) products provided by the PIPTLE Co-operative.  

4) Purchase a minimum of one hundred (100) CCUs in the first year of membership being a capital  contribution equivalent to $10,000.  

5) Comply with the legal and accounting standards required under SMSF compliance regulations. AND in any given year, participate in at least one of the following activities: 

SMSF Champions who refer others to join the PIPTLE Co-operative as members may receive rewards  and monetary bonuses that are paid from any affiliate subscriptions, or from any of the  commissionable sharing value that is allocated on any purchases made of licenses, products, and  services, or from the sale of tokens. 

SMSF Champions contributing capital will be issued CCU’s and potentially bonus utility coins able to  be used in the PIPTLE Co-operative ecosystem. They will be entitled to returns on surpluses of the  PIPTLE Co-operative’s activities.

Partner Champions

Partner Champions are initial industry participants or are qualified to be Global PIPTLE Affiliate  Licensees that contribute to, provide and/or fund the development of products and services, in return  for a negotiated first to market or non-exclusive right, to deliver their products and services to the  PIPTLE Co-operative membership base.  

The active participation requirements for Partner Champions for the first year includes: 

1)Pay an annual membership fee of $88 to the PIPTLE Academy (including GST in Australia). 

2) Pay a one-time licensing and sponsorship fee of no less than $5,000.  

3) Purchase a minimum of thirty (30) Co-operative Capital Units (CCUs) over first 12 months of  membership being a value of $2,500.

4) Spend a minimum of $300 per year on products and services provided through the PIPTLE  Marketplace.  

5) Providing the continued delivery of products and services that are approved to be provided  within the PIPTLE Co-operative. 

6) Appoint a representative to complete any required online education and training modules as  listed for qualification requirements. 

The additional mandatory active participation requirements to stay qualified as a Partner Champion  after the first 12 months of membership includes: 

Partner Champions may include, and are not limited to the following types of business, co-operatives,  industry partners, third party platforms and government agencies: 

Any other business types deemed suitable by the Board of Directors of the PIPTLE Co-operative can  be approved as a Partner Champion Member.  

Partner Champions will be eligible to list products on the PIPTLE Marketplace websites and must  provide a minimum of five percent (5%) of the value of products or services sold on the PIPTLE  Marketplace, to provide for shared commissions to the PIPTLE Co-operative. A Partner Champion must  accept a minimum of twenty-five percent (25%) payment in approved PIPTLE Co-operative community  member issued tokens and 100% in any registered exchange listed cryptocurrencies as shown on  www.Coinmarketcap.com towards payment of products and services they have listed on any of the  associated PIPTLE Marketplace and ecosystem websites. 

A Partner Champion who refers others to join the PIPTLE Co-operative as members may receive  rewards and monetary bonuses that are paid from any affiliate subscriptions, or from any of the  commissionable sharing value that is allocated on any purchases made of licenses, products, and  services, or from the sale of tokens for use in paying service fees in the PIPTLE Marketplace or other  service platforms by their referral network. 

Partner Champions Licensee contributing capital will be issued CCU’s. These will be entitled to returns  on surpluses of the PIPTLE Co-operatives’ activities.  

Shareholder Champions (Custodians)

Shareholder Champions are the ‘founding’ shareholders of the PIPTLE Co-operative that have  contributed capital and / or their products and services to establish the inaugural products and  services.  

Shareholder Champions can secure up to a maximum of twenty percent (20%) equity in the PIPTLE  Co-operative in return for either invested capital, assignment of intellectual property, licensing of  developed platforms or provided invoiced services in lieu of capital investment. 

Adding Shareholder Champions is at the discretion of the Board of Directors. Shareholder Champions  must be able to demonstrate the ability to actively contribute to the day-to-day provision of products  and services in accordance with PIPTLE Co-operative guidelines.  

The active participation requirements for Shareholder Champions as part of their acceptance includes:

The Rights and liabilities attaching to membership within the PIPTLE Co-operative Provision of Products and Services to all Members:

The membership products and services provided to all member levels shall include: 

Access to:

The additional benefits for Partner and Shareholder Champions include: 

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