Valorz VND AFFILIATE PROGRAMME – TERMS AND CONDITIONS

BACKGROUND

A. Valorz operates:

• Valorz Website, for the purpose of marketing its Product to users; and
• the Programme Website for the purpose of marketing its Affiliate Programme.

B. The Affiliate operates the Affiliate Website for the purpose of marketing its product to users.

C. The Affiliate wishes to become a member of the Affiliate Programme so that it can drive “Affiliated Customers” to Valorz Website and earn Commission.

D. When the Registration Form is completed by the Affiliate and accepted by Valorz, Valorz will open an Affiliate Account for the Affiliate, the use of which is governed by these Terms.

1. Definitions and Interpretation

1.1 Definitions

In these Terms, the following definitions shall apply:

• 1.1.1. Affiliate - The individual or entity named as the beneficiary for payment purposes in the Registration Form, accepted into the Affiliate Programme;

• 1.1.2. Affiliate Account - An Account opened by Valorz for the Affiliate to join the Affiliate Programme, where the Registration Form completed by the Affiliate is accepted by Valorz;

• 1.1.3. Affiliate Programme - Valorz Affiliate Programme as described in these Terms and on Valorz Website which is operated by the Affiliate Team;

• 1.1.4. Affiliate Team - A department of Valorz which acts as the direct contact between Affiliates and Valorz;

• 1.1.5. Affiliate Website - Including website(s); Social media accounts; and E-Promotion; owned and operated by the Affiliate and specified in the Affiliate Account on registration;

• 1.1.6. Affiliated Customers - An individual sourced by the Affiliate who meets all of the following criteria: Joins Valorz’s customer database (by registering in Valorz website); Arrives at the applicable site(s) via one of the Affiliate’s URL (obtainable from the Affiliate’s account after login); Deposit funds into their Affiliated Customer account; and Places a bet in one (01) or more Product;

• 1.1.7. Approval - Notification by Valorz to the Affiliate that the Final Content is acceptable for use by the Affiliate;
• 1.1.8. Sportsbook - The Sportsbooks listed on Valorz Website;
• 1.1.9. Sports Exchange - The Sports Exchange listed on Valorz Website;
• 1.1.10. Slots - The RNG slots game listed on Valorz Website;
• 1.1.11. Casino - The Live Casino games listed on Valorz Website;
• 1.1.12. Table Games - The Table Games listed on Valorz Website;
• 1.1.13. Poker - The Poker Games listed on Valorz Website;
• 1.1.14. Ludo - The Ludo Games listed on Valorz Website;

• 1.1.15. Commission - Affiliates will earn up to 50% of Total Net Profit generated by their Affiliated Customers in Valorz websites: Closure of Affiliate Account - An Affiliate Account will be closed if the Affiliate fails to: (1.1.15.1) Deliver a minimum accumulative commission of VND1,000 in three (03) consecutive months; or (1.1.15.2) Deliver at least one (01) Affiliated Customer during the last three (03) months with positive Net Profit

• 1.1.16. Commission Payout - Commission will be paid latest on the following Wednesday from the day the last period ended, into the Affiliates’ Account. Affiliate will only qualify for commission payout if the following conditions are fulfilled: (1.1.16.1) Have 5 or more active Affiliated Customers in the period; (1.1.16.2) Completed Affiliate KYC; and (1.1.16.3) Not having one player which contributes more than 75% of the Affiliate’s total commission for the month;

• 1.1.17. Active Affiliated Customer - An active affiliated customer is defined as an Affiliated Customer which placed at least 3 real cash bets on any products with a minimum accumulated amount of VND300 and made an accumulated deposit of VND500;

• 1.1.18. Company Details - Information Including (but not limited to): Company name; Company registration number; country of incorporation; register of directors; names of the beneficial owners;

• 1.1.19. Contact Details - Contact information for the Affiliate including (but not limited to): first name; last name; address; telephone number; and E-mail address;

• 1.1.20. Customers - Customers of the Valorz Website, which do not include Affiliated Customers;
• 1.1.21. E-Promotion - The email and/or SMS marketing promotion which is created and operated by the Affiliate;
• 1.1.22. Final Content - The final version of the Proposed Content;

• 1.1.23. Fraud - Any actual or attempted act which is considered in Valorz’s reasonable judgment: To be made in bad faith; With intent or effect to defraud Valorz; With intent or effect to circumvent any restrictions; or other applicable provisions or which is or would be in breach of any applicable laws or regulations and includes without limitation: Collusion; manipulation; other hacking; Unauthorized accessing of betting or gaming software or systems; abuse of promotions or bonus awards; breach of applicable terms and conditions; breach of money-laundering laws; the use of stolen credit or debit cards; or unauthorized use of any payment mechanisms;

• 1.1.24. Gross Gaming Revenue - Real cash stakes less (-) real cash payouts

• 1.1.25. Inactive Account - An Affiliate Account which the Affiliate: (1.1.25.1) has not logged into for three (03) consecutive months or more; and/or (1.1.25.2) has not referred at least three (03) active, depositing player per calendar month;

• 1.1.26. IP - All right, title and interest in its names, logos, trademarks, service marks, copyrights and proprietary technology, including, without limitation, those names, logos, trademarks, service marks, copyrights and proprietary technology currently used or which may be developed and/or used by it in the future including in all materials on its own site;
• 1.1.27. Marks - Valorz brand name, trademarks, service marks, logos and any other designations, which Valorz from time to time approve in writing;

• 1.1.28. Minimum Payment Threshold - The minimum value at which an Affiliate may request payment is:

• 1.1.28.1. Only 10% System Fee for an international bank transfer or any other arrangements; and (1.1.28.2) Any amount to their own Valorz Customer account, standard minimum withdrawal amount on Valorz website applies;

• 1.1.29. Net Profit - Gross Gaming Revenue minus deductions and bonuses (1.1.29.1) Deductions are applied at the end of every period and will only be applied on positive Gross Gaming Revenue. In the event the Gross Gaming Revenue is a negative figure, deductions will not be applied.

• 1.1.30. Negative Carry Forward - Where Net Profit is in a negative value at the end of the period, this negative value will be carried over to the following period;

• 1.1.31. Period - A calendar week or month depending on the commission structure offered;
• 1.1.32. Potential Customers - Individuals identified by the Affiliate that could become Affiliated Customers;
• 1.1.33. Privacy Policy - Valorz privacy policy is located here [<https://www.Valorz.live/page/guest/terms/privacy.jsp>]

• 1.1.34. Product - The: Sports; and Slots; and Casino; and Table; and Poker; and Ludo Games; Offered by Valorz

• 1.1.35. Programme Website - https://www.valorzaff.com

• 1.1.36. Proposed Content - The: The proposed creative; and The proposed content of the E-Promotion

• 1.1.37. Record - Records comprising of: the time and date of opt-in; the method of opt-in (including the name of the publication / website where the opt in was made; the reference to a betting and gaming Valorz and/or to Valorz; and details of the rigorous checks carried out by the Affiliate to satisfy the Affiliate that the personal data is used fairly and lawfully;

• 1.1.38. Term - The date specified in the Registration Form and rolling thereafter;
• 1.1.39. Terms - These terms that apply to the Affiliate Programme, including any schedules to them, as amended from time to time and which incorporate the Privacy Policy;

• 1.1.40. Third Party Consent - Consent obtained from an individual who has positively consented, to his/her personal data (including but not limited to name; age; and email address) being shared with either: A betting and/or gaming Valorz site; or Specifically, Valorz

• 1.1.41. Tipping Pages - Websites that post betting tips; and
• 1.1.42. URLS - The Affiliate’s URLS and/or domains connected to buying media and/or ad networks where Valorz’s Website will be featured.

1.2. Interpretation

• 1.2.1. Clause, Schedule and paragraph headings shall not affect the interpretation of these Terms.
• 1.2.2. A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality).
• 1.2.3. A reference to a Valorz shall include any Valorz, corporation or other body corporate, wherever and however incorporated or established.
• 1.2.4. Unless the context otherwise requires, words in the singular shall include the plural and, in the plural, include the singular.
• 1.2.5. Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders.
• 1.2.6. A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time.
• 1.2.7. A reference to writing or written includes email.
• 1.2.8. References to clauses and schedules are to the clauses and schedules of these Terms.
• 1.2.9. Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.

2. Application of the Terms to the Affiliate Account, Rights and Reservations

• 2.1. Where an Affiliate Account is opened to use the Product, it is governed by: (2.1.1) These Terms; and (2.1.2) The Privacy Policy;

• 2.2. Valorz grants the Affiliate the non-exclusive, limited, revocable, non-assignable right to: (2.2.1) Direct Potential Customers to Valorz Website; and (2.2.2) Provide a hypertext reference link to the initial, top level display of the Affiliate Website, for the sole purpose of linking the Affiliate Website to Valorz Website.

• 2.3. Valorz reserves the right to: (2.3.1) describe itself as acting “in association with the Affiliate” or similar expression on all banners or buttons as required; (2.3.2) withhold Commission and close any Affiliate Account which Valorz considers, in its sole discretion, to be an Inactive Account. Each decision will be influenced by: The last login date; Number of clicks; Number of impressions; and Referrals; (2.3.3) notify the Affiliate if the Affiliate Account is an Inactive Account (via the Contact Details); (2.3.4) to retain any funds in an Inactive Account if they remain in an Inactive Account for a period of one (01) month or more from the date of closure; (2.3.5) retain all Commission due to the Affiliate under the Affiliate Account if Valorz has reasonable cause to believe that such traffic has been directed using Fraud; (2.3.6) refuse Affiliated Customers (or to close their accounts) if necessary to comply with any requirements Valorz may periodically establish or otherwise as applicable under the terms applying to Customers, and/or in order for us to comply with such other legal and regulatory obligations and requirements, including those provided by the Regulatory Bodies; (2.3.7) terminate the Commission if the Affiliate ceases to promote Valorz Website (2.3.8) withhold Commission and/or suspend or close accounts of Affiliated Customers where such Affiliated Customers are found or suspected to be using Fraud; (2.3.9) close the Affiliate Account if the Affiliate only refers, or refers sixty percent (60%) or more of Affiliated Customers: closed by traders for arbitrage / unsuitable business;closed by security; bonus excluded; and linked to others closed for Fraud and/or bonus abuse.

3. Changes to the Terms

• 3.1. Valorz may change any of the Terms in its complete discretion for: Commercial reasons; Regulatory compliance, instructions, guidance or recommendations; or Customer service reasons.

• 3.2. Where Valorz intends to make a change to the Terms, Valorz will notify the Affiliate through an email from the official Valorz Affiliate Support email address (support_vnd@valorzaff.com) to the Email address tied to their Affiliates’ account or an Official announcement will be made on the Valorz Affiliate Telegram Channel

• 3.3. When an Affiliate continues to use the Affiliate Account and/or the Product, it automatically indicates that the Affiliate has accepted the changes to the Terms.
• 3.4. If the updated Terms are unacceptable to the Affiliate, the Affiliate will be unable to continue to use the Affiliate Account and the Product and should notify the Valorz Affiliate Team.
• 3.5. The Terms were last updated in 2022. Each and every update supersedes any previous terms.

4. Opening an Affiliate Account

4.1. Registration Form

• 4.1.1. The Affiliate shall complete the Registration Form, in which the Affiliate will be asked to provide Valorz with the Contact Details and, if applicable, Valorz Details.

• 4.1.2. It is the Affiliate’s responsibility to notify Valorz of any changes to the Contact Details and/or Valorz Details, which can be updated by either: visiting the “My Account” and “Account Details” section of the Affiliate Account; or by contacting the Affiliate Team. Updating of details will need to be verified and approved by the Affiliate Team before update can be completed

• 4.1.3. All personal data about the Affiliate is collected and stored in accordance with the Privacy Policy.

4.2. Identity Verification

• 4.2.1. Valorz will verify the Affiliate’s identity through the information provided by the Affiliate on the Registration Form and by obtaining further information from public sources and data.

• 4.2.2. The Affiliate agrees that Valorz may use any personal information provided by the Affiliate for the purposes of verifying the Affiliate’s identity.
• 4.2.3. The Affiliate agrees to provide Valorz with any supporting documents that Valorz may reasonably request.

• 4.2.4. If the Affiliate is in an individual, it shall provide Valorz with one (01) form of proof of identification and one (01) form of proof of residential address from the following list: valid ID card; valid passport copy; valid driving license copy; a copy of a utility bill from the last three (03) months or; a letter of reference from the individual’s bank from the last three (03) months; or a copy of a bank statement from the last three (03) months.

• 4.2.5. If the Affiliate is a Valorz partner, it shall provide the Valorz Affiliate Team with information regarding the identity of the beneficial owner(s) of Valorz and the identity of the directors of Valorz. In the first instance, the Valorz Affiliate Team shall provide Valorz with the information; A copy of Valorz’s register of members;  A copy of Valorz’s register of directors; Valorz structure diagram (inclusive of UBO)
• 4.2.5.4. Following a review of the initial documents as listed above, Valorz may request further due diligence documentation to complete its verification checks. If required, this may include but is not limited to: a copy of Valorz certificate of incorporation; articles of association (or equivalent document); a certificate of good standing; power of attorney (if applicable)

4.3. Affiliate Account

• 4.3.1. Where the Registration Form and identity verification is accepted by Valorz, the Affiliate Account will be opened and may be used by the Affiliate to promote the Product.
• 4.3.2. The Affiliate Account will be operated using software provided by Valorz Affiliate Management System (https://valorzpartners.com/page/affiliate/login.jsp)

4.4. Warranties

The Affiliate warrants that it:

• 4.4.1. is legally able to enter into contracts;
• 4.4.2. has not previously held an Affiliate Account with Valorz;
• 4.4.3. has not had an account closed with a third-party online business as a result of fraudulent activity on the part of the Affiliate;

• 4.4.4. acknowledges that it is the Affiliate’s responsibility to ensure that it understands and fully complies with any laws or regulations: provided by the Regulatory Bodies; applicable in the Affiliate’s own country or state; and applicable to the country or countries to which the Affiliate will be marketing or promoting Valorz;

• 4.4.5. will comply strictly with these Terms;
• 4.4.6. maintain a suitable internet usage policy regarding Valorz Website and the Affiliate; and
• 4.4.7. shall not attempt to open an Affiliate Account on behalf of a third party.

These warranties shall continue throughout the period during which the Affiliate is a member of the Affiliate Programme.

5. Affiliate Obligations

5.1. The Affiliate shall:

• 5.1.1. use all reasonable and commercial efforts to market and promote the Product to generate Affiliated Customers;
• 5.1.2. extract links from the Affiliate Programme to direct to the landing page of the relevant Valorz offer (which is created and uploaded by Valorz to the Affiliate Programme and will contain the full terms and conditions of the relevant offer);
• 5.1.3. be solely responsible for the development, content, operation, and maintenance of the Affiliate Website, including the proper functioning of all hyperlinks to the landing page of the relevant Valorz offer;
• 5.1.4. ensure that each advert promoting an offer created by Valorz (which is uploaded by Valorz to the Affiliate Programme) is compliant with Valorz brand image and where the Affiliate requires support in respect of the same, the Affiliate shall follow the process set out in Clause 5.12 above before publishing such advert;
• 5.1.5. only use syntax of the hypertext transfer links designed and designated by Valorz as the only authorised and permitted representation of the Valorz Website;
• 5.1.6. incorporate and prominently and continually display the most up-to-date links and creative provided by Valorz on the Affiliate Programme;
• 5.1.7. be solely liable for the content and manner of its marketing and promotional activities ensuring that all such activities are conducted in a professional and lawful manner;
• 5.1.8. be compliant with all applicable requirements of the Regulatory Bodies;
• 5.1.9. be compliant with all applicable requirements in force within the jurisdiction that the Affiliate is operating from and also the jurisdictions of the Customers and any related gambling legislation;
• 5.1.10. ensure that all marketing, advertising and promotions targeted at Potential Customers includes the Statements;
• 5.1.11. use any banners on the Valorz Programme as the sole methods of advertising and/or promotion on behalf of Valorz; and
• 5.1.12. in advance of any campaign, where the Affiliate requires clarity, discuss the Proposed Content with Valorz. Once the Proposed Content has been discussed between Valorz, the Affiliate shall send Valorz an electronic version of the Final Content. Where Valorz is happy with the Final Content, it shall provide the Approval. The Affiliate shall only commence a campaign when in receipt of the Approval. Within five (05) days of the date of the request from Valorz, the Affiliate shall also send any historical Final Content to Valorz for its records, free of charge.

5.2. The Affiliate must not:

• 5.2.1. use any means to promote the Affiliate Website which resemble in any way the look and/or feel of the Valorz Website;
• 5.2.2. set up or use any websites that create the impression that they are owned and/or operated by Valorz;
• 5.2.3. mislead a Potential Customer that it is promoting Valorz directly;
• 5.2.4. use any emails or articles appearing on the Valorz Website;
• 5.2.5. alter the form, location or operation of the links without Valorz’s prior written consent;
• 5.2.6. undertake an E-Promotion without Valorz’s prior written consent and where consent is granted, the Affiliate shall comply specifically with the requirements set out in Clause 6;
• 5.2.7. undertake advertorial style marketing or use pop-unders;
• 5.2.8. knowingly benefit from traffic known or suspected as being generated as a result of Fraud whether or not it actually causes us damage;

• 5.2.9. carry out or allow, whether through the Affiliate Website or otherwise: any form of spamming; advertise or promote Valorz in any way that may have a detrimental effect on the image, reputation and/or integrity of Valorz; post messages regarding Valorz or the Valorz Website to any newsgroups, chat rooms and/or bulletin boards make any claims or representations, or give any warranties, in connection with Valorz; and have no authority to, and shall not, bind Valorz to any obligations;

• 5.2.10. place or allow the placement of any marketing materials on any third-party website or other medium (including an E-Promotion) pursuant to any campaign where the content of and/or materials on such websites or medium is: libellous; discriminatory; obscene; unlawful; sexually explicit; pornographic; indecent material; hate speech; subject matter is highly objectionable; or material which is, in Valorz’s sole discretion, otherwise unsuitable including (but not limited to) online piracy; file sharing; or illegal streaming;

• 5.2.11. breach the terms of use and any applicable policies of any search engines;

• 5.2.12. attempt to open a second (2nd) or more Affiliate Accounts without Valorz’s prior written consent;

• 5.2.13. breach any applicable law, regulation or requirement of a Regulatory Body;

• 5.2.14. breach the Gambling Act (as amended) or any other applicable law or regulation in relation to marketing and promotion of Valorz or jeopardize the licenses held by Valorz;

• 5.2.15. transfer an Affiliate Account to new beneficial account owner, without Valorz’s prior written consent;

• 5.2.16. use any challenge or Tipping Pages, without clarifying that the challenge and success is not guaranteed and under no circumstances should results be misconstrued or manipulated to suggest that results were more favourable;

• 5.2.17. apply to register, or register, any domain name; social media account / page; or Platform; using any names or brands that are the same as, or similar to, those owned and/or operated by Valorz, including but not limited to a brand or domain using misspelling, addition, omission of characters, phonetic similarity or otherwise.

• 5.2.18. purchase or register keywords, bid on Valorz branded keywords, search terms or other identifiers for use in any search engine, portal, sponsored advertising service or other search or referral service without Valorz prior written consent; and

• 5.2.19. use trademarks, URLs or variations thereof for use in HTML coding (including but not limited to ‘meta tags’, ‘meta descriptions’, ‘meta content’, ‘page titles’, ‘titles’).

5.3. Third party complaints and Regulatory Fines

• 5.3.1. If Valorz receives a complaint from a Customer or a third party which states or infers that the Affiliate has been or is engaging in any of the activities specified in Clause 5.2 and/ or has breached any of the requirements set out in Clause 5.1 , the Affiliate consents to Valorz disclosing the Affiliate’s Contact Details to the complaining party so that the Affiliate can resolve the complaint directly. In addition, the Affiliate warrants and undertakes that the Affiliate will immediately cease engaging in the practices resulting in the Complaint and make every effort to resolve the complaint as soon as practicable. Valorz reserves all of its rights without limitation, including the right to immediately terminate the Affiliate Account and to set off or charge the Affiliate for all claims, damages, expenses, costs, or fines incurred or suffered by Valorz in relation to a Customer or third-party complaint in respect of this Clause 5.3. Nothing stated or omitted in these Terms shall in any manner prejudice any such rights.
• 5.3.2. The Affiliate will indemnify and hold Valorz and its respective directors, officers, members, employees, representatives and advisors harmless from all claims, damages, and expenses (including, without limitation, legal fees and expert witness fees) relating to the development, operation, maintenance, accuracy and compliance of the contents of the Affiliate Website and/ or any materials, products or services linked to it. The Affiliate acknowledges that its conduct as an Affiliate has the potential to cause substantial damage to the reputation of Valorz and the Affiliate undertakes to consider the reputation of Valorz and to act in an appropriate manner at all times while holding an Affiliate Account.
• 5.3.3. In the event that Valorz receives a fine from a Regulatory Body directly attributable to the breach by the Affiliate of these Terms, the Affiliate shall reimburse Valorz in full for the total amount of the fine.

5.4. Guidance If the Affiliate requires any further guidance on this Clause 5, the Affiliate shall contact the Affiliate Team prior to commencement of a marketing campaign.

6. E-promotion Requirements

6.1. Where the Affiliate has obtained consent from Valorz under Clause 5.2.7 above to operate an E-Promotion, the Affiliate must comply with the following terms set out in this Clause 6, including:

• 6.1.1. Marketing communications for gambling must be socially responsible with particular regard for the need to protect children, young persons and other vulnerable persons from being harmed or exploited;
• 6.1.2. Marketing communications should avoid approaches that give erroneous perceptions of the level of risk involved or the extent of a gambler’s control over a bet or gambling in general;
• 6.1.3. Marketing communications should not unduly pressure the audience to gamble, especially when gambling opportunities offered are subject to a significant time limitation;
• 6.1.4. Marketers should take care to avoid approaches that trivialize gambling and avoid the impression that the decision to gamble should be taken lightly; and
• 6.1.5. Marketing communications must not portray or otherwise refer to individuals displaying problem gambling behaviours or other behavioural indicators linked to problem gambling.

6.2. Campaign Terms

6.2.1. The Affiliate shall ensure that the significant terms of any marketing campaign or promotion are contained within the body of the advertisement with a clearly accessible link to the full terms of the promotion not more than one click away. In addition, marketing communications that include a promotion and are significantly limited by time or space must include as much information about significant conditions as practicable and must direct consumers clearly to an easily accessible alternative source where all the significant conditions of the promotion are prominently stated and not more than one click away.

6.3. Opt-In

The Affiliate shall:

• 6.3.1. only send an E-Promotion to individuals who have either opted-in; or from whom the Affiliate has Third Party Consent;
• 6.3.2. keep clear and up to date records evidencing the Third-Party Consent, which shall include (without limitation) the Records;
• 6.3.3. provide copies of the Records to Valorz within twenty-four (24) hours of the date of Valorz’s request; and
• 6.3.4. provide a copy of the Affiliate’s current “opt -in / opt-out” policy which shall be compliant with applicable laws and regulations, within twenty-four (24) hours of the date of Valorz’s request.

6.4. Sender

• 6.4.1. Email Campaign: Any email must originate from a valid email address (which is verifiable by Valorz if required), which is unconnected to Valorz and which does not contain any registered trademarks, domain names or brand names of the foregoing (or anything confusingly similar), or otherwise infringe the intellectual property rights of any third party. The Affiliate is required to notify Valorz of any relevant email address used from time to time.
• 6.4.2. SMS: Any SMS message must show a valid mobile number (which is verifiable by Valorz if required) to which the “STOP” or “UNSUBSCRIBE” option is directly connected. The Affiliate shall notify Valorz of any relevant mobile numbers on request.

6.5. Subject Line

6.5.1. The subject line of any email should be agreed in writing by Valorz prior to use.

6.6. Legal, Regulatory and Responsible Gambling Requirements

6.6.1. Emails: The Affiliate shall:

6.6.1.1. include the Statements;

6.6.1.2. include confirmation that the email is sent by the Affiliate (usually within the email header and/or footer), and, where applicable, include Valorz’s Details and the email shall not purport to have been sent by Valorz;

6.6.1.3. include a fully functional and clearly visible “unsubscribe” link, which shall be linked solely to the Affiliate and which does not contain any reference to Valorz; and

6.6.1.4. maintain appropriate records of unsubscribed requests and corresponding email addresses and provide a copy to Valorz promptly upon request.

6.6.2. SMS: The Affiliate shall:

6.6.2.1. include the Statements;

6.6.2.2. state that the SMS is sent by the Affiliate and it shall not purport to have been sent by Valorz;

6.6.2.3. include a fully functional and free of charge “STOP” or “UNSUBSCRIBE” option, which shall be linked solely to the Affiliate and which does not contain any reference to Valorz;

6.6.2.4. maintain appropriate records of any stopped or unsubscribed requests and provide a copy to Valorz promptly upon request; and

6.6.2.5. warrants that the recipient of the SMS has positively consented to being contacted via SMS about the Product available in the gaming sector and can provide evidence to Valorz upon request.

6.7. 18+

An E-Promotion shall only be sent to email addresses and/or mobile numbers where recipients are aged eighteen (18) years of age and over and any corresponding records shall be kept by the Affiliate and made available to Valorz and/or any competent regulatory or governmental authority promptly upon request.

6.8. Suppression

The Affiliate shall ensure that any relevant email address is suppressed from any relevant database (and that no further emails are sent to such email address) in accordance with the following:

6.8.1. immediately following any “UNSUBSCRIBE” or “STOP” option being activated by a recipient of an E-Promotion;

6.8.2. promptly and in any event within forty-eight (48) hours upon notification by Valorz to the Affiliate; and

6.8.3. (upon request) provide prompt written confirmation to Valorz and (where relevant) details in respect of any actions taken in accordance with the foregoing.

7. Registration and Tracking of Affiliated Customers

• 7.1. Valorz agrees to register each Affiliated Customer as a Customer of the Valorz Website (subject to such Affiliated Customer meeting the terms at: Affiliate Website)
• 7.2. Valorz shall track the transactions made by each Affiliated Customer via The Affiliate Management System.

8. Commission

8.1. Calculations

• 8.1.1. Valorz will pay the Affiliate the Commission earned from each Affiliated Customer’s use of the Product for the life of the Affiliate Account only. Valorz’s calculations of Commission are final and not open to dispute.
• 8.1.2. At the end of each Period, Valorz shall calculate all Commission generated by Affiliated Customers.
• 8.1.3. The Affiliate Account must have aggregate Commission across the Product that meets or exceeds the Minimum Payment Threshold before Valorz will make a payment of Commission.
• 8.1.4. Subject to Clause 8.1.3. Valorz will make one (01) payment of Commission per Period.
• 8.1.5. Commission will be paid in the Affiliate account’s respective currency by default. Any special request to receive commission in other currencies will be reviewed on a case by case basis. Commission is calculated in the Affiliate account’s respective currency and if required, will be converted to other currencies based on Valorz’s exchange rate. Currency exchange rates are defined by Valorz at the beginning of each calendar month.  A list of current exchange rates is available upon request.

8.2. Negative Carry Forward

8.2.1. If an aggregate Commission in respect of any period is a negative amount, Valorz shall carry forward and set off any negative amount against all future revenue commission calculations. The Affiliate will only be eligible to receive a pay out when there is a positive balance at the end of each Period which exceeds the minimum payment requirement specified within the definition of Commission.

8.3. Valorz will not pay the Affiliate any Commission:

• 8.3.1. for any Affiliated Customer who is already a Customer (i.e. a duplicate customer);
• 8.3.2. if Valorz has reason to believe that the Affiliate was, or is, involved in any arbitrage activity or scheme;
• 8.3.3. if actions taken by the Affiliate results in fines and/or penalties to Valorz; or
• 8.3.4. where the Affiliate has not notified Valorz of the URL prior to first use or after subsequent changes.
• 8.3.5. and/or any other reasons that Valorz deem to be fraudulent.

8.4. Valorz retains the right to withhold Commission payments or a portion of them if it considers profits earned at are a risk of chargeback. Any amounts withheld will only be paid once a period of six (06) months have elapsed.

9. Term and Termination

• 9.1. The Affiliate Account shall operate for the Term, unless sooner terminated in accordance with this Clause 9.
• 9.2. Either party may terminate the Affiliate Account: (9.2.1) at any time on forty-eight (48) hours’ notice; (9.2.2) by notice in writing with immediate effect if the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business; (9.2.3) if there is a change in law which makes continuation of the Affiliate Agreement non-viable; or (9.2.4) Where Clause 12.13 applies, if the period of delay or non-performance continues for one (01) month, or on seven days (07) written notice by either party to the other party.
• 9.3. Valorz may terminate the Affiliate Account with immediate effect if the Affiliate: (9.3.1) is in breach of any of its obligations in these Terms; (9.3.2) is reasonably suspected of Fraud by Valorz; (9.3.3) has an Inactive Account; or (9.3.4) uses any websites that are misleading to the Potential Customer, redirect to the Valorz Website, or are a copy of the Valorz Website.
• 9.4. On termination of the Affiliate Account for any reason: (9.4.1) all licences and benefits under the Affiliate Account shall immediately be terminated; (9.4.2) each party shall return and make no further use of any equipment, property, materials, and other items belonging to the other party; (9.4.3) the accrued rights of the parties as at termination, or the continuation after termination of any provision expressly stated to survive or implicitly surviving termination, shall not be affected or prejudiced; and (9.4.4) save for where there is any suspected Fraud by the Affiliate, Valorz shall pay to the Affiliate any Commission due and owing up to and including the termination date, but no further Commission shall be payable to the Affiliate thereafter.

10. Intellectual Property Rights and Licence

• 10.1. Valorz shall retain all IP in the Valorz Website and the Affiliate shall retain all IP in the Affiliate Website.
• 10.2. The Affiliate acknowledges that the IP in the Valorz Website is proprietary to or licensed by Valorz and may not be used, reproduced, transmitted, displayed, published or distributed without Valorz’s prior written consent.
• 10.3. Valorz grants to the Affiliate for the Term, a non-exclusive, limited, royalty free, revocable, non-transferable licence to use the Marks solely in connection with creating and describing the display of the promotional materials on the Affiliate Website. This licence cannot be sub-licensed, assigned or otherwise transferred by the Affiliate. The Affiliate shall not assert the invalidity, unenforceability, or contest the ownership of the Marks in any way (whether by formal action or proceedings of any kind or nature or otherwise), and the Affiliate shall not take any action that may prejudice Valorz’s rights in the Marks, render the same generic, or otherwise weaken their validity or diminish their associated goodwill. The Affiliate must notify Valorz immediately if the Affiliate becomes aware of the misuse of the Marks by any third party.

11. Limitation of Liability

• 11.1. This Clause 11 sets out the entire financial liability of each party to the other: (11.1.1) arising under or in connection with the Affiliate Account; and (11.1.2) in respect of any representation, misrepresentation, statement or tortious act or omission (including negligence) arising under or in connection with the Affiliate Account
• 11.2. Except as expressly and specifically provided in these Terms, all warranties and representation, conditions and all other terms of any kind whatsoever implied by statute or common law are, to the fullest extent permitted by applicable law, excluded from these Terms.
• 11.3. Nothing in these Terms excludes the liability of either party for: (11.3.1) death or personal injury caused by a party’s negligence; or (11.3.2) fraud or fraudulent misrepresentation.
• 11.4. Subject to Clause 11.3, neither party will be liable for any indirect, special, or consequential damage or loss of any kind, including without limitation loss of business, profits, revenue, contracts or anticipated savings, or arising from loss, damage or corruption of any data, even if the other party has been advised of the possibility of such damages or losses.
• 11.5. Each party’s total liability to the other party for a breach of these Terms shall not exceed in aggregate the total of all payments of Commission made to the Affiliate in the period of twelve (12) months immediately preceding the breach in question. If the Affiliate Account has been in existence for a period of less than twelve (12) months as at the date of the claim, the average Commission up to the date of the claim shall be calculated and multiplied by twelve (12).

12. Miscellaneous Provisions

12.1. Notices

• 12.1.1. Any notice given to Valorz under or in connection with the Affiliate Account shall be in writing and shall be delivered by email.
• 12.1.2. Any notice given to the Affiliate under or in connection with the Affiliate Account shall be in writing and shall be delivered by email to the email address specified in the Contact Details.
• 12.1.3. Any notice shall be considered received by the recipient at 09:00 GMT+8 on the second (2nd) business day after transmission.

12.2. Entire Agreement

• 12.2.1. These Terms constitute the entire agreement between the parties relating to the Affiliate Account and supersede and extinguish all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
• 12.2.2. Each party agrees that it shall have no remedy in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in these Terms. Each party agrees that it shall have no claim for innocent or negligent misrepresentation based on any statement in these Terms.
• 12.2.3. Nothing in this clause shall limit or exclude any liability for fraud.

12.3. Third parties

12.3.1. A person who is not a party to the Affiliate Account shall not have any rights under the Contracts to enforce any of these Terms.

12.4. Variation

No variation of these Terms shall be effective unless it is in writing, dated and signed by the parties.

12.5. No Partnership or Agency

12.5.1. Nothing in these Terms is intended to, or shall be deemed to establish any partnership or joint venture between any of the parties, constitute any party the agent of another party, nor authorise any party to make or enter into any commitments for or on behalf of any other party.

12.6. Non-Exclusivity

The Affiliate Account does not grant the Affiliate any exclusive right or privilege to assist Valorz in the provision of the Product.

12.7. Assignment

• 12.7.1. The Affiliate shall not assign, transfer, mortgage, charge, subcontract, declare a trust over or deal in any other manner with any or all of its rights or obligations under the Affiliate Account without the prior written consent of Valorz.
• 12.7.2. Valorz may at any time assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any or all of its rights and obligations under the Affiliate Account.

12.8. Waiver

No failure or delay by a party to exercise any right or remedy provided under these Terms or by law shall constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall prevent or restrict the further exercise of that or any other right or remedy.

12.9. Rights and Remedies

12.9.1. The rights and remedies provided in these Terms are in addition to, and not exclusive of any rights or remedies provided by law.

12.10. Severance

• 12.10.1. If any provision or part-provision of these Terms is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of these Terms.
• 12.10.2. If any provision or part-provision of these Terms is invalid, illegal or unenforceable, the parties shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent possible, achieves the intended commercial result of the original provision.

12.11. Confidentiality

During the Term, the Affiliate may be entrusted with confidential information relating to Valorz’s business, operations, or underlying technology and/or the Affiliate Programme. The Affiliate agrees not to make disclosure or unauthorized use of any such confidential information to third persons or outside parties unless the Affiliate has Valorz’s prior written consent and that the Affiliate will use the confidential information only for purposes necessary to further the purposes of these Terms. The Affiliate’s obligations with respect to confidential information shall survive the termination of the Agreement.

12.12. Force Majeure

12.12.1. Neither party shall be in breach of these Terms nor liable for delay in performing, or failure to perform, any of its obligations under these Terms if such delay or failure results from events, circumstances or causes beyond its reasonable control. In such circumstances, the affected party shall be entitled to a reasonable extension of the time for performing such obligations. If the period of delay or non-performance continues for one (01) month, either party may terminate the Affiliate Account in accordance with Clause 9.