CURRENT GOLD PRICES
1g. 33.6 EUR
1oz. 1045 EUR
PRICE IN EUR PER KG

Global InterGold’s GOLDSET Marketing Incentives Program Terms and Conditions

CONTENTS
1 PROGRAM TERMS AND CONDITIONS

1.1 Program Terms and Conditions are a legal and binding agreement

1.2 Acknowledgements
2 GENERAL CONDITIONS OF GOLDSET MARKETING INCENTIVES PROGRAM

2.1 General Information

2.2 Acceptance of the GoldSet Program Terms and Conditions
3 Definitions, Interpretation and Purpose

3.1 Purpose

3.2 Definitions included in this document

3.3 Interpretation in the Terms and Conditions included in this document

3.4 Main Conditions of the GoldSet marketing incentives program

3.5 Options of GoldSet marketing incentives program

3.6 Terms of Leadership remuneration

3.7 Sale, storage and delivery of gold bars

3.8 Order Cancellation

3.9 Order accomplishment
4 GOLDSET STANDARD PROGRAM RULES AND REGULATIONS

4.1 General information

4.2 Pre-requisites to order issuing

4.3 GoldSet Standard order accounting system

The GoldSet Standard order accounting system consists of two types of tables of order:

4.4 How the GoldSet Standard table of orders works

4.5 GoldSet Start table of orders rules

4.6 GoldSet Start order qualification

4.7 The GoldSet Start order reward

4.8 Buyer’s Options upon the completion of a GoldSet Start order

4.9 GoldSet Start order sponsor change

4.10 GoldSet Start table of orders change

4.11 GoldSet Start order cancellation rights

4.12 GoldSet Standard table of orders rules

4.13 GoldSet Standard order qualification

4.14 GoldSet Standard orders reward

4.15 Special requirements for the GoldSet Standard order reward

4.16 GoldSet Standard order sponsor change

4.17 GoldSet Standard order Leadership remuneration
5 GOLDSET MULTICARDS PROGRAM RULES AND REGULATIONS

5.1 General information

5.2 Pre-requisites of the GoldSet MultiCards order

5.3 How the GoldSet MultiCards table of orders works

5.4 GoldSet MultiCards table of orders rules

5.5 GoldSet MultiCards order qualification

5.6 Goldset MultiCards order reward

5.7 GoldSet MultiCards order sponsor change

5.8 GoldSet MultiCards order Leadership remuneration

5.9 GoldSet MultiCards order cancellation rights
6 RULES AND REGULATIONS OF THE GOLDSET GOLDLINE PROGRAM

6.1 General Information

6.2 Pre-requisites for the GoldSet Goldline order

6.3 How the GoldSet Goldline table of orders works

6.4 GoldSet Goldline orders rules

6.5 GoldSet Goldline order qualification

6.6 GoldSet Goldline order reward

6.7 GoldSet Goldline order sponsor change

6.8 GoldSet Goldline order Leadership remuneration

6.9 GoldSet Goldline order cancellation rights
7 GOLDSET GLOBAL SMART PROGRAM RULES AND REGULATIONS

7.1 General information

7.2 Pre-requisites of the GoldSet Global Smart order

7.3 How the Global Smart table of orders works

7.4 Global Smart table of orders rules

7.5 GoldSet Global Smart order qualification

7.6 Goldset Global Smart order reward

7.7 GoldSet Global Smart order sponsor change

7.8 GoldSet Global Smart order Leadership remuneration

7.9 GoldSet Global Smart order cancellation rights
8 GOLDSET GLOBAL PRO PROGRAM RULES AND REGULATIONS

8.1 General information

8.2 Pre-requisites of the GoldSet Global Pro order

8.3 How the Global Pro table of orders works

8.4 Global Pro table of orders rules

8.5 GoldSet Global Pro order qualification

8.6 Goldset Global Pro order reward

8.7 GoldSet Global Pro order sponsor change

8.8 GoldSet Global Pro order Leadership remuneration

8.9 GoldSet Global Pro order cancellation rights
9 GENERAL PROVISIONS

9.1 Material Terms

9.2 Passing of risk

9.3 Security

9.4 Severance

9.5 Survival of Obligations

9.6 Successors and assigns

9.7 Force Majeure

9.8 Entering into Agreement, Agreement validity period and termination of the Agreement.
1. PROGRAM TERMS AND CONDITIONS
1.1 Program Terms and Conditions are a legal and binding agreement
1.1.1 These Program Terms define the registration of investment gold bar sets under the Global InterGold GoldSet marketing incentives program and together with and subject to the Web-site Terms and Conditions govern your engagement in such program to form a binding contractual agreement between you (hereinafter referred to as the Buyer, you or your) and Global InterGold (represented by Global I Gold Online Limited) (herein, the Global InterGold Company or the Company).
1.1.2 For that reason these Program Terms are important and you should ensure that you read them carefully and contact us with any questions before you use the Site.
1.1.3 For inquiries, you can contact us using the details on the Contacts Page of our web-site at www.globalintergold.com.
1.2 Acknowledgements
1.2.1 By placing an order through a GoldSet marketing incentives program you acknowledge and affirm that:
  • you have had sufficient chance to read and understand the Program Terms and Conditions and you agree to be bound by them. If you do not agree to these, you must not place an order through a GoldSet marketing incentives program.
  • You acknowledge that the Company owns all the intellectual property in the GoldSet marketing incentives program on the Terms recorded in Section 3 of the Terms, and hold the Company harmless accordingly.
1.2.2 Where you place an order through a GoldSet marketing incentives program you acknowledge that you are doing so for business purposes, accordingly you agree and acknowledge that all supplies of goods and services from the Global InterGold Company are/will be acquired for the Buyer's business purposes and accordingly the provisions of the Consumer Guarantees Act 1993 will apply as between the Buyer and the Global InterGold Company; and as allowed under s56 of the Sale of Goods any implied duty or liability is negated in favor of the Global InterGold Company.
2 GENERAL CONDITIONS OF GOLDSET MARKETING INCENTIVES
2.1 General Information
2.1.1 In creating GoldSet marketing incentives program, the Global InterGold Company has combined the best time-honored practices in business development, sales applications and incentives programs and united them under one roof.
2.1.2 These exciting programs provide Global InterGold Internet shop clients with the opportunity to generate long-term income in exchange for promotion and initiation of the sale of investment gold bar sets.
2.2 Acceptance of the GoldSet Program Terms and Conditions
2.2.1 Acceptance of the Program Terms and conditions allows for the Buyer to register an order for investment gold bars under the Global InterGold GoldSet program and accordingly to earn rewards for the successful marketing of the goods and services provided by the Internet shop.
2.2.2 Where the Company has provided you with any Credit Coupon, in satisfaction of the disclosure requirements of the Credit Contracts and Consumer Finance Act 2003, you acknowledge receipt of a copy of these Program Terms including particulars of the Global InterGold Company’s address for notices, the finance rate and that all of the terms and conditions of any Credit Coupon are as recorded in these Program Terms, or as implied by law.
3 DEFINITIONS, INTERPRETATION AND PURPOSE
3.1 Purpose
3.1.1 The GoldSet marketing incentives program (or GoldSet program) offers the Buyer the choice of registering five different types of orders for investment gold bars sets:
  • GoldSet Standard;
  • GoldSet MultiCards;
  • GoldSet Goldline;
  • GoldSet Global Smart and
  • GoldSet Global Pro.
3.1.2 Orders registered under the GoldSet program utilize the GoldSet order structure in the Global InterGold (GIG) Internet shop internal system. Each Buyer has a unique client identification number within the Internet Shop that is used for the tracking of program orders as well as Buyer initiated orders by new Buyers.
3.1.3 The purpose of the program is two-fold:
  • For the company: to expand its market reach in the selling of investment gold bars;
  • For the clients: to receive remuneration in the form of gold on account for the investment gold bars ordered in exchange for advertising and promotion of the product and expanding the Global InterGold Internet Shop client base on the world market. Clients may also participate in the distribution of profits of the Internet Shop.
3.2 Definitions included in this document

Expressions defined in this document shall have the following meaning as specifically defined in this Program Terms and Conditions document or, as the case may be, as defined in the GIG Terms:

3.2.1 Client identification number: number assigned for order management and subsequent sponsor communication management.
3.2.2 Sponsor (Sponsor's communication): the client, already holding an order having initiated a new Internet Shop client order and the communication of such with the new buyer.
3.2.3 Structure of clients: client communication system based on the initiation of orders under a sponsor.
3.2.4 Initiation of the order: recommendations made by Internet Shop clients to potential new clients resulting in the issuance of new buyer orders.
3.2.5 Table of orders: accounting system for client orders.
3.2.6 Leadership remuneration: additional remuneration in form of reward units credited to the client for successfully advancing the product (refer Section 3.6).
3.2.7 Cycle of the order: the order, which has passed (completed) one table of orders.
3.2.8 PPSA means the Personal Property Securities Act 1999.
3.3 Interpretation in the Terms and Conditions included in this document.
3.3.1 Headings: clauses and other headings are for ease of reference only and do not affect interpretation of the Program Terms.
3.3.2 Buyers: reference to Buyer includes references to individuals; companies; corporations; partnerships; firms; joint ventures; associations; trusts; organizations; governmental or other regulatory bodies; authorities (or other entities) in each case whether or not having separate legal personality.
3.3.3 Plural and Singular: singular words include the plural and vice versa.
3.3.4 Statutes and Regulations: The references to any statutory provision include any statutory provision, which amends or replaces it, and any subordinate legislation made under it.
3.3.5 Language: Where this document is recorded in a language other than English, in the case of any discrepancy of terms or meaning the English text shall prevail.
3.4 Main Conditions of the GoldSet marketing incentives program
3.4.1 Placing an order through the GoldSet program is not obligatory for buying a set of investment gold bars. The Buyer can purchase investment gold bars or sets directly or may elect to register one or more order types under the terms of the GoldSet marketing incentives program as a means of offsetting the cost of their purchases.
3.4.2 A combined purchase option (registering the order under the terms of GoldSet marketing incentives program and personal funds) is also possible if the Buyer already started initiating new orders.
3.4.3 If a Buyer chooses the option of issuing the order under the terms of the GoldSet marketing incentives program, the reward units acquired serve only for the purchase of investment gold bars on the Buyer’s account in accordance with these Program Terms.
3.4.4 To issue an order under the terms of GoldSet marketing program, the Buyer must:
  • Register with the Global InterGold Internet Shop;
  • If the Buyer is a natural person, be at least 18 years of age;
  • Within 14 days of placing an order ensure they are compliant with relevant law [including but not limited to the Swiss Anti-Money Laundering Act 955.0, Articles 3 and 4] by uploading a verified copy of:
    • Their passport or valid government issued photo identification (such as a driving license or national identity card); and
    • A current utilities account statement (less than three months old) displaying the Buyer’s residential address using the Profile/My Documents section in compliance with the identity confirmation procedure (verification).
3.4.5 Every order is charged a processing fee. The cost of this is determined by the terms of the type of program order selected.
3.4.6 The Processing fee includes the following services:
  • Creating and maintaining personal customer accounts.
  • Administrative tasks related to maintenance of the issued order through complete execution including customer service in multiple languages.
  • Controlling of all executed payments and recommendations, as well as the posting of reward units through completion and settlement.
  • Immediate notification to the Buyer’s Personal Account of any new account openings having occurred for recommendations made.
  • Internet services, technical support, use of a virtual personal office and general management of the customer recommendations made.
  • Providing access to the purchase and sale of gold bars through the virtual personal office, as well as placing the products in storage.
3.4.7 The order-processing fee is due immediately when placing an Order.
3.4.8 In all cases, the order-processing fee shall be fully paid by the Buyer within the first calendar year, provided the customer has not exercised their right to cancel the contract.
3.4.9 Each order must pass (complete) the required number of cycles as set out in the chosen order type, and the Buyer must engage two new customers who have paid in for their orders through referencing his client identification number to fulfill the qualification requirements of the Order type, for it to be considered fully executed and eligible for reward through the corresponding GoldSet marketing incentives program.
3.4.10 If upon completion of the order, the Buyer continues placing orders of the same type without transitioning to another other type of order; the previous qualification requirement remains valid.
3.4.11 The Buyer assumes all responsibility for any taxes due on income derived from participation in any Global InterGold GoldSet marketing incentives program or any duties incurred by the Buyer in conjunction with such a program, and holds Global InterGold harmless in this regard.
3.5 Options of GoldSet marketing incentives program
3.5.1 All Global InterGold clients can place one order for an investment gold bar set of each program order type through the GoldSet marketing incentives program at a time (See Section 3.4).
3.5.2 For Clients already holding other order types, the client number remains the same and all the sponsored links are saved.
3.6 Terms of Leadership remuneration
3.6.1 The Buyer's order earns additional Leadership remuneration in form of reward units, whether on the Standard table of orders or the Goldline table of orders or the Global Pro table of orders, upon meeting the following conditions:
  • The Buyer has earned the first reward (the first cycle);
  • The Buyer has initiated clients on the first and second level who, in turn, have earned their respective rewards (the first cycle);
  • Each of the subsequent two clients initiated by the Buyer’s two initiated clients have earned their respective rewards (the first cycle).

When these conditions are met, the Buyer’s order moves to the first level of Leadership remuneration.

3.6.2 Leadership remuneration consists of 15 levels organized from bottom to top:
Leadership levelLeadership Units (LU)Leadership Unit Cost (LUC)
Level 151 500 000 LU33,0
Level 14800 000 LU32,75
Level 13400 000 LU32,5
Level 12200 000 LU32,0
Level 11100 000 LU31,0
Level 1050 000 LU29,5
Level 925 000 LU27,5
Level 810 000 LU25,0
Level 75 000 LU22,5
Level 62 500 LU20,0
Level 51 000 LU17,5
Level 4500 LU15,0
Level 3250 LU12,5
Level 2100 LU10,0
Level 107,5
3.6.3 For the Buyer's order to move up to the next Leadership remuneration level it must collect a certain quantity of Leadership units, (see Leadership Remuneration levels Section 3.6.2.). The number of directly invited clients whose orders are placed on the table must correspond to the Leadership level of the Buyer.
3.6.4 The Buyer’s Leadership remuneration level increases when the orders initiated by new clients earn their rewards.
3.6.5 Leadership units are calculated using the following formula:

The sum of each purchase of gold bars in the client's structure divided by a constant of 500.

Example: 3500/500 = 7 Leadership units

3.6.6 On each level the Leadership unit has a constant cost - Leadership Unit Cost (LUC) that is used in calculating the Leadership remuneration.
3.6.7 Leadership remuneration is credited to the Buyer's order using the following formula:

The sum of each purchase of gold bars in the client's structure divided by a constant of 500, multiplied by the difference in the Buyer LUC levels and multiplied by 2.

For example: the Buyer's order has reached the first level of the Leadership remuneration: 3500/500 = 7.0 (LU) * 7.5 (difference in LUC) = 52.50 х 2 = 105 reward units (Leadership remuneration).

3.6.8 Leadership remuneration (in the form of reward units) serves only for the purchase of investment gold bars within the Internet shop.
3.6.9 If the Buyer collects the required Leadership units to move up to the next level but he/she has no qualification (See Section 3.6.3.) and one of his/her direct referrals registered in Buyer's structure is on the same level of the Leadership program, remuneration in form of reward units and Leadership units are not credited to the Buyer's internal account.
And also changes in the GoldSet marketing incentives program, which will enter into force on 1st of September 2016:
3.6.10 If the Buyer entered the Leadership program before the implementation of changes that came into force on the 1st of June 2016, Leadership remuneration is calculated according to the new Leadership qualification requirements (See Section 3.6.3)
Leadership remuneration formula is preserved according to the current level of the Leadership program, herewith, the remuneration is paid for the structures where there is a registered leader with the lower level of qualification.
Example:
Leader: Level 12
Amount of invited clients (= qualification): 3
Leaders in the structure: Level 8, Level 5, Level 3, Level 2
In the example above, the leader will receive remuneration only for the structure of subordinate leader of the 3rd level (i.e. for the structures of the leaders on the 1st and 2nd level).
To receive remuneration for the whole structure, the Buyer needs to initiate 8 more direct referrals' orders on the table.
To correspond to Leadership Program Level 12, the Buyer must initiate orders of 12 directly invited clients.
3.7 Sale, storage and delivery of gold bars.
3.7.1 Upon completion of a purchase the Buyer can elect to:
  • Sell the gold bars back to the Internet Shop at the present day’s purchase price; or
  • Safeguard gold purchased in a certified depository for safekeeping; or
  • Receive the gold bars purchased by insured mail.
3.7.2 The Buyer pays all shipping and storage costs.
3.7.3 The delivery costs via registered insured mail is determined by the postal service.
3.7.4 In those countries where precious metals are subject to value added tax (VAT) and import taxes/duties, the Buyer is solely responsible for:
  • Payment of all VAT, taxes and duties; and
  • Arranging for the delivery of the Order.
3.7.5 The safekeeping fee for the gold storage in the certified depository is 1.2% per year or 0.1% of the value of the Buyer’s gold on a per-month basis.
3.7.6 The safekeeping fee for storage of gold in the certified depository is assessed on the first day of every month.
3.8 Order Cancellation
3.8.1 Under the terms of the GoldSet marketing incentives program, the Buyer has the right to cancel the order without explanation within 14 calendar days from the moment the order is placed on the corresponding table of orders. Restrictions apply.
3.8.2. Cancellation can be executed through the Buyer's virtual personal office, provided that:
  • Customers having exercised order cancellation within the fixed 14 calendar day period of the moment of placing the order in the table may only issue a subsequent order after a period of 180 calendar days, subject to paragraph (b) below.
  • The Company may, on application, allow a Buyer to place an order in less than 180 calendar days following an order cancellation, however the Buyer accepts that each and every subsequent cancellation will be subject to a €50 deduction for administrative and business costs.
3.8.3 The right to cancel the order within 14 calendar days from the moment of placement does not apply to clients who have or have had orders placed on any table of orders for more than 14 calendar days and the right to cancel the order within 14 calendar days does not apply to the clients who had re-written the order of the other clients in their name either.
3.8.4 In all other cases, the Buyer must pay a processing fee for order cancellation based on the type of order.
3.8.5 If the Buyer cancels the order, the funds are returned to the Buyer's virtual personal office account and can only be refunded via transfer to the Buyer’s personal bank account of record.
3.8.6 Requests for refunds must be received 30 days after the removal of the order from the table.
3.8.7 If payment was made via a bankcard, the return of funds is credited back to the same bankcard.
3.9 Order accomplishment
3.9.1 The Buyer is not obliged to take part in any GoldSet program. The sales agreement may be completed directly by paying the amount of the order in full. This option is also possible if the Buyer has already begun to initiate new orders.
3.9.2 If the Buyer chooses to place an order under the terms of the GoldSet marketing incentives program, they shall clearly understand that this has been developed solely for the purchase of investment gold bar sets. Order payment according to the invoice can be carried out at the buyer’s own expense, with reward units credited through the initiating new Internet shop customers orders or a combination of the two.
3.9.3 The Company does not guarantee the complete execution of the Buyer’s order through the GoldSet marketing incentives programs. Success is based on the results of the Buyer’s own efforts.
4 GOLDSET STANDARD PROGRAM RULES AND REGULATIONS

The following provisions are particular to the GoldSet Standard order through the Global InterGold Internet Shop.

4.1 General information
4.1.1 The GoldSet Standard program order is intended for Internet Shop clients, who wish to buy gold bar sets comprised of bars weighing between 1 and 100 grams bearing the hallmarks of the gold refineries specified on the Internet shop web site.
4.1.2 The pricing of investment gold bars within the sets varies according to the gold market price and is determined at the time of the purchase.
4.1.3 Note: The Company makes every effort to supply products exactly as specified by the client, depending on availability, gold bars may be interchanged for others bearing different hallmarks.
4.2 Pre-requisites to order issuing
4.2.1 To issue a GoldSet Standard order, the Buyer must:
  • Place an order for goods and services for the value of EUR 7,000 including a processing fee of EUR 540.00.
  • Make a prepayment:
    • The prepayment on the order includes the down payment for the set of investment gold bars with weights of up to 100 grams and a subscription fee for the Internet Service.
    • The GoldSet Start order prepayment is EUR 150 including the subscription fee for the Internet Service of EUR 20.
    • The GoldSet Standard order prepayment is EUR 540 including the subscription fee for the Internet Service of EUR 40 for the processing of two cycles of the order.
4.2.2 The Buyer may only place one order for a set of investment gold bars with the GoldSet Standard Program through the Internet shop at a time. When the GoldSet Standard order has been fully completed, the Buyer can place a new order or extend the previous order.
4.3 GoldSet Standard order accounting system
4.3.1 The GoldSet Standard order accounting system consists of two types of tables of order:
  • GoldSet Start: preliminary table of orders (consists of 1 cycle).
  • GoldSet Standard: main table of orders (consists of a minimum of 2 cycles).
4.3.2 The GoldSet Start, preliminary table of orders, is designated for the transitioning of the Buyer's Order to the GoldSet Standard, main table of orders. Orders with a preliminary prepayment of EUR 150 are placed on the Preliminary table of orders.
4.3.3 The GoldSet Standard, main table of orders, is designated for assisting the Buyer to receive reward units, which help offset the cost of order payment. To fulfill the order, the Buyer order must pass (complete) a minimum of 2 cycles of the Main table of orders. Orders with the prepayment of EUR 540 are placed on the Main table of orders.
4.4 How the GoldSet Standard table of orders works
4.4.1 The table of orders consists of four levels and includes 15 orders from buyers. The levels are organized from top to bottom.
Level 18 orders
Level 24 orders
Level 32 orders
Level 41 order
4.4.2 The first level of the table is divided into 4 sections. Each Goldset Standard section consist of 2 places for placing orders organized from left to right. Sections are separated by lines.
4.4.3 The orders are located from left to right, taking into account the recommendations made by the Buyers.
4.4.4 Incoming orders are placed on the first level.
4.4.5 Once the first level of the table of orders is filled, the table splits into two symmetric tables of orders and the Buyer’s Order moves down to the second level. At the first level of each of the two new tables of orders 8 new empty places are formed for new client orders.
4.4.6 Once the first level of the new table of orders is filled with 8 orders, the Buyer’s Order moves to the third level and again there is a division of the table of orders into two more symmetrical tables. Once, this new first level is filled with 8 orders, the Buyer’s Order passes to 4th level.
4.4.7 When the table of orders is divided once more, the cycle of the Buyer’s Order exits the table and goes on to the next table of orders. When such is the case, the cycle is considered complete.
4.4.8 The Buyer may elect one of two principles of a reward units enrollment:
  • Enrollment of the reward units after closure of the table
  • Enrollment of the reward units after closure of each section ( Available only for GoldSet Standard Table of orders)

The reward units are granted only to a Buyers, who achieved the 4th level of the table and are qualified in compliance with the GoldSet Standard Marketing Incentives Program Terms and Conditions.

4.4.9 Reward units serve only for the purchase of investment gold bars on the Buyer’s Internet shop account.
4.4.9 The Company does not guarantee the complete execution of the Buyer’s order through GoldSet marketing incentives programs. Success is based on the results of the Buyer’s own efforts.
4.5 GoldSet Start table of orders rules

Rules for placing orders of investment gold bar sets using order pre-registration:

4.5.1 The Buyer has the opportunity of making a pre-registration for the purchase of an investment gold bar set.
4.5.2 When the Buyer makes a pre-registration, the order is placed on the Preliminary table of orders.
4.5.3 The GoldSet Start order should pass one cycle of the Preliminary table of orders.
4.5.4 Every GoldSet Start order should be placed on the first level of the Preliminary table of orders containing 8 empty positions.
4.5.5 All pre-registrations are placed on the Preliminary table of orders.
4.5.6 The GoldSet Start order should be placed on the upline sponsor’s table of orders.
4.5.7 If the upline sponsor’s order is placed on the Main table of orders and the Buyer places a GoldSet Start order on the Preliminary table of orders, the order direction should be indicated by the Buyer. The Buyer can place the GoldSet Start order under the upline sponsor by choosing and confirming the Preliminary table of orders using the Buyer’s client identification number.
4.6 GoldSet Start order qualification
4.6.1 To receive reward units under the Preliminary table of orders the Buyer must qualify with:
  • A minimum of two initiated Preliminary registrations placed on a Preliminary table of orders utilizing the Buyer’s client identification number, or
  • A minimum of two orders placed on the Main table utilizing the Buyer’s client identification number, or
  • One initiated order on the Preliminary table of orders and one initiated order placed on the Main table of orders, both utilizing the Buyer’s client identification number.
4.6.2 Qualification for reward units is applicable at every level.
4.6.3 When the pre-registration has taken place and the conditions are fulfilled, the Order for the gold bar set moves to the Main table of the sponsor’s order. The registrations having been transferred from the Preliminary table of orders to the Main table of orders cannot be cancelled.
4.6.4 Pre-registration is solely for the purpose of transitioning the order to the Main table of orders.
4.6.5 The reward units earned upon the order’s completion of the Preliminary table are disbursed within 7 days following the completion of the order provided the pre-payments for the remaining client orders on the table have been completed.
4.6.6 Orders initiated through the GoldSet Start program are valid for GoldSet Standard qualification once the order transitions to the GoldSet Standard Main table of orders.
4.6.7 In order to receive the reward units, the Buyer must conform to the identity confirmation procedure – verification. (See Sub-Clause 3.4.4.)
4.7 The GoldSet Start order reward
4.7.1 The Buyer is rewarded for completion of the Preliminary table of orders and places the order to the Main table of orders.
4.7.2 The Reward is comprised of 1040 units, of which 15% is charged as an Order processing fee along with 540 units for placing the order to the Main table. The remaining amount is automatically used to buy gold, which the Buyer can later opt to sell back to the Internet Shop.
4.7.3 If a client with a Pre-registration completes 4 levels of a Preliminary table without having either invited clients or having only invited one client, the registration is eliminated. In this instance, the pre-registration of EUR 150.00 is refunded to the Buyer and credited to his internal euro account. At the same time the superior sponsor retains his qualification for the Preliminary table and is given the opportunity to move to the Main table of orders.
4.8 Buyer’s Options upon the completion of a GoldSet Start order
4.8.1 Upon completion of a GoldSet Start order, the Buyer has the following options:
  • Place a pre-registration order on the Preliminary table of orders table as initially registered with the same sponsor;
  • Place a new pre-registration order on the Preliminary table of orders table as initially registered with a new sponsor;
  • Make an additional payment of EUR 400.00 and place the order on the Main table of orders;
  • Make a gold bar purchase for a total amount of EUR 150.00;
  • Withdraw the funds from the internal account and have them credited back to the Buyer’s personal bank account of record.
4.9 GoldSet Start order sponsor change
4.9.1 The Buyer may only elect to change sponsors within 72 hours from the time of pre-registration, as follows:
  • Within 24 hours from the time of pre-registration, the pre-registration may be transferred to a new sponsor’s table at the Buyer's request at no additional cost;
  • In the remaining 48 hours the registration may be transferred to a new sponsor’s table through the use of a technical coupon of EUR 50.00.
4.9.2 After this period, the change of sponsor may only take place after 180 calendar days. This option is only pertains to orders where no activity or newly initiated orders have taken place in the Buyer’s structure.
4.10 GoldSet Start table of orders change
4.10.1 The Buyer may only elect to change Tables within 72 hours from the time of pre-registration, as follows:
  • Pre-registration may be transferred from the first level of the Preliminary table to another table at the Buyer’s request within 24 hours in cases where the sponsor is on the Main table. If a change of sponsor is made, the pre-registration is transferred to the new sponsor’s table;
  • In the remaining 48 hours transfer of the pre-registration to another table without changing sponsors is possible if the sponsor's order is placed on the Main table. A technical coupon of EUR 50.00 is used for payment of this option.
4.10.2 If, within 72 hours from the time of pre-registration on the table, the Buyer issues a statement as to the complete cancellation of the order and the order is on the second, third or fourth level, the client must pay a fee of EUR 100.00 for technical changes (Two technical coupons of EUR 50 each) to return the tables to their original positions.
4.10.3 Transfer of the pre-registration to another table in order to close the table is not permitted.
4.10.4 The Buyer's pre-registration may be transferred to another table after 180 calendar days if it is still located on the first level. To do this the Buyer must initiate two new client pre-registration orders. Orders under that order also located on the first level are transferred as well.
4.10.5 If the pre-registration is located on the second, third or fourth levels, transfer to another table is not possible.
4.10.6 Any changes made within the 72-hour period may only be made once and subsequently the right to cancel the pre-registration, or make any other changes is forfeited.
4.10.7 The Buyer may make an additional payment for the order in the amount of EUR 400.00 to further transfer the order to the Main table of orders at any time, provided that the first level of the Preliminary table of orders already holds an order that may be interchanged with the Buyer’s order.
4.11 GoldSet Start order cancellation rights
4.11.1 In cases of incorrect placement the Internet Shop must be notified within 24 hours of the placement for it to be corrected.
4.11.2 Cancellation of a Pre-registration may be made within 72 hours of the pre-registration. Following this period, all prepayments are transferred to the rewards and incentives fund and are non-refundable.
4.11.3 If, within 72 hours from the time of pre-registration on the table, the Buyer issues a statement as to the complete cancelation of the Order and the Order is on the second, third or fourth level, the client must pay a fee of EUR 100.00 for technical changes (Two technical coupons of EUR 50 each) to return the tables to their original positions.
4.11.4 For pre-registration cancellations occurring within the prescribed 72 hour time period the pre-registration is removed from the Preliminary table and eliminated from the GoldSet incentives program without the option of recovery, and:
  • The deposited funds are credited to the Buyer's internal account and may only be withdrawn for transfer back to the Buyer’s personal bank account of record.
  • The Buyer may make a new registration following a period of 180 calendar days.
4.12 GoldSet Standard table of orders rules
4.12.1 When the Buyer places a GoldSet Standard order, the order is placed on the sponsor’s Main table of orders.
4.12.2 The Buyer’s GoldSet Standard order must pass two cycles of the table of orders.
4.12.3 If the sponsor’s order is on the Preliminary table, the GoldSet Standard order is placed on the corresponding upline sponsor’s table of orders (whose order is already placed on the Main table of orders).
4.12.4 In order to receive reward units, the Buyer’s order must pass 4 levels of the first cycle, and 4 levels of the second cycle, in accordance with the structure the Buyer has built by initiating at least two orders from two new qualified clients on any level of the table of orders.
4.12.5 Special conditions for the GoldSet Standard orders:
  • Credit coupons: At the Buyer’s request the Company may extend credit coupons to the Buyer to help accelerate the completion of a cycle.
  • With credit coupons the Buyer, having made the prepayment of EUR 540 for the GoldSet Standard order, can elect to upfront the prepayment for his initiated recommendations through deferring his reward upon completion of the cycle to that end. The Buyer assumes full responsibility for the credit coupon commitment, must make his own provisions for prepayment repayment from his initiated recommendations and agrees to hold the company harmless in this regard.
  • It is a prerequisite that the Company has received the EUR 540 prepayment from the Buyer in order for a credit coupon request to be considered.
  • Approval for any credit coupon request is at the Company’s sole discretion.
  • The Buyer accepts that Credit coupons are (at the time of issue) a form of interest free advance for the purpose of accelerating the completion of a cycle as set out in paragraph 5.4.5(a) above. Accordingly, in the event when those new clients the Buyer introduces either refuse to continue (or complete) their participation in the applicable program (such as by exercising their 14 day right of exit) or a successful charge back is made, and the Buyer to whom the Credit coupons have been advanced is unable to restore the previous Table; the Company has the right to cancel the Credit coupons and offset the amount from any respective bonus rewards held by you the Buyer (such as by deduction on your internal Euro account, or any assets held in your internal account). Any recovery will be by notice to you through your Message Box.
4.13 GoldSet Standard order qualification

Minimum requirements for GoldSet Standard orders to qualify for reward units:

4.13.1 The Buyer must initiate a minimum of two new client orders for GoldSet Standard, the Main table of orders. The new orders placed at the Main table of orders will be taken into account with every following cycle of the order.
4.13.2 To fulfill the criteria of the order, it must pass a minimum of two cycles of the Main table of orders. The Buyer must also initiate two new orders for the Main table of orders on the first or second levels of the first cycle of the Main table of orders.
4.13.3 One or zero initiated orders on any level of the Buyer’s Main Table will not fulfill the reward qualification requirements. If such is the case, the Buyer's order is not eligible for order compensation.
4.14 GoldSet Standard orders reward

If the Buyer has qualified and met each of the GoldSet Standard program requirements:

4.14.1 Upon completion of each cycle, the Buyer receives 3500 reward units of which 525 units (15%) is deducted for the processing of the order. The remaining 2975 units are used for the purchase of investment gold bars on the Buyer's account.
4.14.2 Upon completion of the order, the Buyer can place a new order or extend the previous order by reinvesting 540 reward units.
4.15 Special requirements for the GoldSet Standard order reward

A special requirement applies to reward units if the Buyer on the first or second level of the first cycle has not initiated two new orders for the Main table of orders.

4.15.1 Reward units are dependent upon the level of the Buyer’s order when the minimum two initiated orders are placed on the Main table of orders. Initiated orders are further taken into account with every cycle of the Main table of orders.
4.15.2 The amount of reward units for one of the two initiated orders is calculated as follows:
  • The Buyer’s order is located on the 1st or 2nd level – 1750 reward units
  • The Buyer’s order is located on the 3rd level – 1250 reward units
  • The Buyer’s order is located on the 4th level – 750 reward units
4.15.3 The election of enrollment of the reward units after closure of each section is possible in case the Buyer has maximal qualification ( 2 clients are initiated being placed on the 1st or 2d level of the Main Table ). If the corresponding option is elected, the reward units will be credited to the Buyer's account by the following order:
  • Upon completion of the first section consisting of two initiated orders, the Buyer earns a reward in amount of 875 units.
  • Upon completion of the second section consisting of two initiated orders, the Buyer earns a reward in amount of 875 units.
  • Upon completion of the third section consisting of two initiated orders, the Buyer earns a reward in amount of 875 units.
  • Upon completion of the fourth section consisting of two initiated orders, the Buyer earns a reward in amount of 875 units.
4.15.3.1 Upon completion of each section a processing fee of 25 reward units is deducted from the reward.
The total sum of the purchase of gold bars is subject to a 15% (127.5 units) deduction.
4.15.4 The remaining amount is automatically used to buy gold, which the Buyer can later opt to sell back to the Internet Shop.
4.15.5 The section completion sequence does dot influence the reward units amount.
4.15.6 If the Buyer of the order is not eligible for compensation, the order is automatically sent to the beginning of the cycle until the qualification criteria is fulfilled. This new starting position once again places the order in line for qualifying for the reward and at the same time the order that has already been initiated is saved.
4.15.7 If two orders were initiated while on the third or fourth level of the first cycle, the Buyer must initiate two new orders while on the first or second level of the second cycle to be eligible to receive the maximum reward on the second cycle of the Main table of orders.
4.15.8 If the Buyer’s order is still not qualified for a maximum reward after passing the two cycles of the Main table of orders, the Buyer has the right:
  • To complete the order at the Buyer’s personal expense and to get the physical gold. The Buyer will then have the option of contracting for the safekeeping of the gold in storage or the Buyer can opt to sell the bars back to the Internet shop. The order is then considered complete.
  • Upon completion of the 2 cycles without having qualified, the amount of the prepayment will be automatically utilized for the purchase of gold bars.
4.15.9 Following this the Buyer may place a new order.
4.16 GoldSet Standard order sponsor change
4.16.1 If new orders were not placed in the Buyer’s structure within 90 days, the Buyer has the option of changing sponsors according to the following conditions. If the Buyer’s order is located:
  • On the GoldSet Standard Main table, the Buyer must initiate two new orders on the Main table of orders to change sponsors.
  • On the GoldSet Goldline order, the Buyer must initiate one new order for the GoldSet Goldline order or a one new order for the GoldSet Standard.
  • c. On both the GoldSet Standard and the GoldSet Goldline order, to change sponsor the Buyer must initiate:
    • Two new orders on the GoldSet Standard table; or
    • One new order on the GoldSet Standard Main Table and one new order on the GoldSet Goldline table.

In all instances, the new sponsor must complete qualification. The change of sponsor can be made using a technical coupon.

4.16.2 Changing sponsors in order to qualify is prohibited.
4.17 GoldSet Standard order Leadership remuneration
4.17.1 The Buyer's order earns additional Leadership remuneration (in form of reward units), if the client has a GoldSet Standard order on the main table of orders.
4.17.2 Leadership remuneration is calculated as follows:

The sum of each purchase of gold bars in the client's structure divided by a constant of 500.

Example: the Buyer’s order has reached the first level of Leadership remuneration.

3500/500 = 7.0 units * 7.5 = 52.50 reward units (Leadership remuneration)

4.17.3 The conditions for Leadership remuneration are outlined in "Terms of Leadership remuneration". (See Section 3.6.)
5 GOLDSET MULTICARDS PROGRAM RULES AND REGULATIONS
5.1 General information
5.1.1 The GoldSet MultiCards order is designated for the clients of the Internet Shop wishing to purchase Heraeus or Argor-Heraeus one-gram gold bar sets with a total weight of 10 grams, 5 grams or 1 gram. Like the GoldSet Start preliminary table of orders transitioning to the GoldSet Standard, the GoldSet MultiCards order can be used as the basis for transitioning to the GoldSet Goldline order. It may also be used as a stand-alone program.
5.1.2 Exact pricing for the set of gold bars is subject to the price of gold on the world market and is determined at the time of purchase.
5.1.3 Note: While the Company makes every effort to supply products exactly as specified by the client, depending on availability, one-gram gold bars bearing Heraeus or Argor-Heraeus hallmarks may be interchanged.
5.1.4 The minimum purchase amount for investment gold bars through the GoldSet MultiCards program is EUR 7,000. Every order for the amount of EUR 7,000 is charged an order-processing fee of 15%. The invoice may be paid as follows:
  • Immediate payment of the order as recorded on the issued invoice; or
  • Prepayment on the order of EUR 375, and subsequent payment of the remaining balance within 12 months, according to the invoice; or
  • Prepayment of the order of EUR 375 per cycle and participation in the company’s marketing incentives program. Term duration of the contract for the purchase of a GoldSet MultiCards order is 12 months.
5.1.5 The fee structure for processing the order consists of the following:
  • Full deduction of the prepayment in the amount of EUR 375 per cycle for a placed order; and
  • An additional fee in the amount of EUR 50 for prolonging the management of the personal account every 12 months if the conditions of the program have not yet been fulfilled.
5.1.6 Upon completion of the first cycle of the GoldSet MultiCards order, the Buyer can transition the order to the GoldSet Goldline program or continue with the Goldset Multicards order until the purchase commitment is complete.
5.1.7 The Buyer can place only one GoldSet MultiCards gold bar set order in the Internet shop at a time. Upon full completion of the GoldSet MultiCards order, the Buyer can place a new order or extend the previous order of the same type.
5.1.8 After completion of the GoldSet MultiCards order, the Buyer can elect to exit the program at his/her discretion and sell the investment gold bars purchased with reward units generated by the MultiCards program back to the Internet Shop.
5.1.9 The Internet shop does not guarantee the full completion of the order through the GoldSet MultiCards program. Success is based on the results of the Buyer’s own efforts.
5.2 Pre-requisites of the GoldSet MultiCards order
5.2.1 To place a GoldSet MultiCards order, the Buyer must:
  • Place an order for the purchase of goods and services in the amount of EUR 7000, including the Order processing fee of 15%;
  • Make a prepayment of EUR 375, which includes a down payment for a 1 to 10 gram gold bar set and the Internet Service fee for one year.
5.2.2 If the total amount of the order is not paid within one year, the Buyer will be charged an additional fee of EUR 50 for utilizing the virtual personal office the following year until completion of the order.
5.2.3 The Buyer will receive a reminder message regarding payment for extension of the utilization of the virtual personal office for the following year 30 days prior to the virtual personal office expiration date.
5.3 How the GoldSet MultiCards table of orders works
5.3.1 The accounting system for the GoldSet MultiCards order is comprised of tables of orders that can be completed in one cycle.
5.3.2 The GoldSet MultiCards table of orders consists of three levels, and includes 7 orders from buyers. The levels are arranged from top to bottom
Level 14 orders
Level 22 orders
Level 31 order
5.3.3 The first level of the GoldSet MultiCards table is divided into 2 sections. Each GoldSet MultiCards table section consist of 2 places for placing orders organized from left to right. Sections are located on the left and the right side of the table and are separated by lines.
5.3.4 The orders are located from left to right, taking into account the recommendations made by the Buyers.
5.3.5 All incoming orders from Buyers are placed on the first level of the table.
5.3.6 Upon completion of the first level of the table, the table splits into two symmetrical tables of orders and the Buyer’s order moves to the second level. Four free spaces then appear on each table of orders for the placement of new Buyer orders.
5.3.7 When the first level is filled with four new orders, the Buyer’s order moves down to the second level and the table once again splits into two symmetrical tables. When the new first level is filled with four orders, the Buyer’s order moves to the third level of the table of orders.
5.3.8 Following the next table split, the Buyer’s order leaves the table and the cycle is considered complete.
5.3.9 The GoldSet MultiCards program order can be placed independently for the gold bar set purchase or used to transition the order to the GoldSet Goldline order.
5.4 GoldSet MultiCards table of orders rules
5.4.1 When the Buyer places the GoldSet MultiCards order, it is placed on the sponsor's table of orders.
5.4.2 The GoldSet MultiCards buyer's order must pass one cycle of the table of orders to transition to the GoldSet Goldline table of orders.
5.4.4 To receive the reward, the Buyer's order must pass the 3 levels of one cycle of the table of orders in accordance with the Buyer's initiated order structure with a minimum two new clients having paid in for the order in the Internet Shop at any level of the Table of orders.
5.4.5 Special conditions for the GoldSet Multicards orders:
  • Credit coupons: At the Buyer’s request the Company may extend credit coupons to the Buyer to help accelerate the completion of a cycle.
  • With credit coupons the Buyer, having made the prepayment of EUR 375 for the MultiCards order, can elect to upfront the prepayment for his initiated recommendations through deferring his reward upon completion of the cycle to that end. The Buyer assumes full responsibility for the credit coupon commitment, must make his own provisions for prepayment repayment from his initiated recommendations and agrees to hold the company harmless in this regard.
  • It is a prerequisite that the Company has received the EUR 375 prepayment from the Buyer in order for a credit coupon request to be considered.
  • Approval for any credit coupon request is at the Company’s sole discretion.
  • The Buyer accepts that Credit coupons are (at the time of issue) a form of interest free advance for the purpose of accelerating the completion of a cycle as set out in paragraph 5.4.5(a) above. Accordingly, in the event when those new clients the Buyer introduces either refuse to continue (or complete) their participation in the applicable program (such as by exercising their 14 day right of exit) or a successful charge back is made, and the Buyer to whom the Credit coupons have been advanced is unable to restore the previous Table; the Company has the right to cancel the Credit coupons and offset the amount from any respective bonus rewards held by you the Buyer (such as by deduction on your internal Euro account, or any assets held in your internal account). Any recovery will be by notice to you through your Message Box.
5.5 GoldSet MultiCards order qualification

The minimum requirements for reward qualification with a GoldSet MultiCards order:

5.5.1 The Buyer, as the owner of the order, must initiate a minimum of two new orders for the GoldSet MultiCards table of orders. These orders will be taken into account for the subsequent order cycles.
5.5.2 To receive the first reward, the Buyer’s order must pass the GoldSet MultiCards table of orders cycle. (one cycle)
5.5.3 If table of orders passes the cycle without the client having initiated two or more direct orders, the order is removed from the table and the prepayment is returned to the Buyer's virtual personal office. The Buyer can then activate the order or transfer the prepayment back to their personal bank account of record.
5.6 Goldset MultiCards order reward
5.6.1 The Buyer may elect one of two principles of a reward units enrollment:
  • Enrollment of the reward units after closure of the table
  • Enrollment of the reward units after closure of each section
The reward units are granted only to a Buyers, who achieved the 3d level of the table and are qualified in compliance with the GoldSet Standard Marketing Incentives Program Terms and Conditions.
5.6.2 If a Buyer elected the enrollment of the reward units after closure of the table, once the table is closed, 1400 units are credited to the Buyer's account of which 15% (210 reward units) is charged as an Order processing fee as well as 10% (140 units) as company income. The remaining amount is automatically used to buy gold, which the Buyer can later opt to sell back to the Internet Shop.
5.6.3 If the Buyer elected the enrollment of the reward units after closure of each section, the reward units will be credited to the Buyer's account by the following order:
  • Upon completion of the first section consisting of two initiated orders, the Buyer earns a reward in amount of 630 units.
  • Upon completion of the second section consisting of two initiated orders, the Buyer earns a reward in amount of 630 units.
The total sum of the purchase of gold bars is subject to a 15% ( 94.5 units) deduction.
5.6.4 The section completion sequence does dot influence the reward units amount.
5.6.5 The remaining amount is automatically used to buy gold, which the Buyer can later opt to sell back to the Internet Shop.
5.6.6 Upon completion of GoldSet MultiCards order Buyer may:
  • Sell the gold bars to place a GoldSet Goldline order; or
  • Continue with the GoldSet MultiCards order before the purchase of the gold bars has taken place.
  • Cease participation in the GoldSet MultiCards.
  • Each subsequent cycle of the Goldset MultiCards order requires an additional prepayment of EUR 375 until completion of the order commitment.
5.6.7 Upon completion of the GoldSet MultiCards order and the purchase of gold bars, the Buyer can elect to sell the gold bars back to the Internet shop at the current buying price.
5.6.8 Upon completion of the GoldSet MultiCards cycle, if the Buyer elects to transition the order to the GoldSet Goldline program (with a prepayment in the amount of EUR 1050) the gold bars that were purchased for the client with the reward from the MultiCards cycle, are immediately sold at the same price and the Buyer’s order is automatically placed on the GoldSet Goldline table of orders.
5.6.9 If the Buyer is already in possession of an order on GoldSet Goldline table, upon completion of the GoldSet MultiCards cycle, the Buyer can continue with subsequent cycles of the Multicards order with a prepayment of EUR 375 per cycle until the purchase commitment has been fulfilled.
5.7 GoldSet MultiCards order sponsor change
5.7.1 The GoldSet MultiCards order change of sponsor can only be executed if the Buyer is solely in possession of one GoldSet MultiCards order, and no other GoldSet order types. Change of sponsor can be made within 14 days.
5.7.2 If, within 90 days from the placement of the order, there are no new orders in the Buyer's structure, the Buyer can change the sponsor by fulfilling these conditions:
  • Initiate two GoldSet MultiCards orders from new clients; and
  • Use a EUR 50 coupon to activate the change of sponsor;
  • The new sponsor must have fulfilled the qualification requirements in accordance with the program.
5.8 GoldSet MultiCards order Leadership remuneration
5.8.1 The GoldSet MultiCards program allows for additional remuneration in form of Leadership reward units GoldSet for qualified Buyers.
5.8.2 Leadership remuneration is calculated as follows:

The sum of each purchase of gold bars in the client's structure divided by a constant of 500.

Example: the Buyer’s order of reached the first level of the Leadership remuneration:

1050/500 = 2.1 (LU) * 7.5 (difference in LUC) = 15.75 * 2 = 31.5 Leadership reward units (Leadership remuneration)

5.8.3 The conditions for the Leadership remuneration are outlined in Section 3.6.
5.9 GoldSet MultiCards order cancellation rights

The GoldSet MultiCards order can be cancelled by of the Buyer within 14 calendar days from the moment of placing the order in the table of orders. (See Section 3.8 Order Cancellation)

6 RULES AND REGULATIONS OF THE GOLDSET GOLDLINE PROGRAM
6.1 General Information
6.1.1 The GoldSet Goldline order is designated for Internet shop clients wishing to buy gold bars produced by Argor-Heraeus in weights from 1 to 100 grams.
6.1.2 Exact pricing for the set of gold bars is subject to the price of gold on the world market and is determined at the time of purchase.
6.1.3 Note: The Company makes every effort to supply products exactly as specified by the client, depending on availability, one-gram gold bars bearing Heraeus or Argor-Heraeus hallmarks may be interchanged.
6.2 Pre-requisites for the GoldSet Goldline order
6.2.1 To issue the GoldSet Goldline order, the Buyer must:
  • Place the order for goods and services in the amount of EUR 7,000, including the Order processing fee of 15%.
  • Make a pre-payment, which includes the down payment for a set a of investment gold bars in weights from 1 to 100 grams and a subscription fee for the Internet Service for one year.
6.2.2 The total amount for the purchase of the gold bar set can be paid as follows:
  • Immediate payment of the total amount EUR 7,000 according to the order and the invoice issued, including the order-processing fee of 15%.
  • Prepayment of the order (minimum EUR 1,050) and the payment of the remaining balance within 12 months, according to the invoice.
  • Prepayment of the order (minimum EUR 1,050) and settlement of the remaining balance in accordance with the conditions of the GoldSet Goldline program.
6.2.3 Term duration of the purchase agreement is 12 months.
6.2.4 Each sale agreement in the amount of EUR 7,000 is charged a processing fee of 15% (EUR 1,050). The processing fee includes an annual Internet platform service fee of EUR 50 or EUR 25 for each cycle of order passage.
6.2.5 If the total amount of the order is not paid within one year, the Buyer will be charged an additional fee of EUR 50 for utilizing the virtual personal office the following year until completion of the said order.
6.3 How the GoldSet Goldline table of orders works
6.3.1 The accounting system of the GoldSet Goldline order is comprised of two cycles of the table of orders.
6.3.2 The GoldSet Goldline table of orders consists of three levels, and includes 7 orders from buyers. The levels are arranged from top to bottom:
Level 14 orders
Level 22 orders
Level 31 order
6.3.3 The first level of the GoldSet Goldline table is divided into 2 sections. Each GoldSet Goldline table section consist of 2 places for placing orders organized from left to right. Sections are located on the left and the right side of the table and are separated by lines.
6.3.4 All incoming Buyer Orders are placed on the first level of the table and with the exception of 2 required cycles following the same principle as the GoldSet MultiCards table of orders. (See section 5.3.)
6.3.5 The reward is sent to the Buyer’s account upon completion of the table of orders (cycle of the order).
6.3.6 This reward serves only for the purchase of gold bars on the account of the Buyer.
6.3.7 The Internet shop does not guarantee the full completion of the Buyer’s Order under the conditions of the GoldSet Goldline program. Success is based on the results of the Buyer’s own efforts.
6.4 GoldSet Goldline orders rules
6.4.1 The Buyer’s order shall pass three levels of a seven-seat Goldline table of orders by initiating direct or indirect new orders of new Buyers.

To note: The Buyer’s order and those temporarily placed on this table from different structures can help accelerate the passing of the Order.

6.4.2 Upon completion of the first cycle of the GoldSet Goldline table of orders, the order is placed on the second cycle.
6.4.3 The Order is transferred to the second cycle through 1,000 reward units, which are credited by the company. When 3 levels of a seven-seat Goldline table are filled either through orders from the Buyer’s client structure or clients of other structures (who can only assist in accelerating the passage of the Order), the Buyer earns reward units if the order has qualified.
6.5 GoldSet Goldline order qualification
6.5.1 To claim the GoldSet Goldline order reward the Buyer must initiate at least two clients with new orders in the Internet shop.
6.5.2 Qualification for the reward is valid at any order placement level on the customer orders accounting table.
6.6 GoldSet Goldline order reward
6.6.1 The company grants the reward for initiating clients and extending the Internet shop customer base. Therefore, if during the completion of the table the Buyer did not directly initiate new client orders s or has only initiated one client order, no reward is granted and the order is returned to the beginning of the cycle.
6.6.2 The Buyer may elect one of two principles of a reward units enrollment:
  • Enrollment of the reward units after closure of the table
  • Enrollment of the reward units after closure of each section
The reward units are granted only to a Buyers, who achieved the 3d level of the table and are qualified in compliance with the GoldSet Standard Marketing Incentives Program Terms and Conditions.
6.6.3 If a Buyer elected the enrollment of the reward units after closure of the table, once the table is closed, If the qualification conditions are met, the Buyer’s order earns 3000 reward units, of which 15% (450 reward units) are subtracted for order processing.
6.6.4 The remaining 2550 reward units are used for the purchase of investment gold bars. The Buyer can then choose one of the following options:
  • Request physical delivery of the investment gold bars;
  • Have the gold reside in storage for safekeeping; or
  • Sell the gold back to the Internet Shop at the current buying price.
6.6.5 The Order moves to the second cycle with the reinvestment of 1000 reward units that are credited by the company.
6.6.6 After passing the second cycle of the table of orders, the Buyer’s order earns 4000 reward units, of which 15% (600 units) are subtracted for order processing.
6.6.7 The remaining 3400 reward units are used for the purchase of investment gold bars. Following this the Buyer can once again choose between the following options:
  • Request physical delivery of the investment gold bars;
  • Have the gold reside in storage for safekeeping; or
  • Sell the gold back to the Internet Shop at the current buying price.
6.6.7 If the Buyer chooses to extend the order, 1050 reward units will be subtracted from the 3400 reward units received upon the completion of the second cycle and reinvested for the extension of the order.
6.6.8 If the Buyer chooses to extend the order, 1050 reward units will be subtracted from the 3400 reward units received upon the completion of the second cycle and reinvested for the extension of the order.
6.6.9 If the Buyer elected the enrollment of the reward units after closure of each section, the reward units will be credited to the Buyer's account by the following order:
  • Upon completion of the first section of the first cycle consisting of two initiated orders, the Buyer earns a reward in amount of 1500 units.
  • Upon completion of the second section of the first cycle consisting of two initiated orders, the Buyer earns a reward in amount of 1500 units.
  • Upon completion of the first section of the second cycle consisting of two initiated orders, the Buyer earns a reward in amount of 2000 units.
  • Upon completion of the second section of the second cycle consisting of two initiated orders, the Buyer earns a reward in amount of 2000 units.
6.6.9.1 Upon completion of each section a processing fee of 50 reward units is deducted from the reward.
The total sum of the purchase of gold bars is subject to a 15% deduction.
6.6.10 The section completion sequence does dot influence the reward units amount.
6.7 GoldSet Goldline order sponsor change
6.7.1 If within 90 days from the placement of the order, no new orders have been placed in the Buyer's structure, the Buyer can change sponsors by fulfilling these conditions:
  • Initiate two GoldSet Goldline orders from new clients; and
  • Use a EUR 50 coupon to activate the change of sponsor; and
  • The new sponsor must fulfil the qualification requirements in accordance with the program terms.
6.8 GoldSet Goldline order Leadership remuneration
6.8.1 The GoldSet Goldline program allows for additional remuneration in form of Leadership reward units for qualified Buyers.
6.8.2 Leadership remuneration is calculated as follows:

The sum of each purchase of gold bars in the client's structure divided by a constant of 500.

Example: the Buyer’s order has reached the first level of the Leadership remuneration:

1050/500 = 2.1 (LU) x 7.5 (difference in LUC)= 15.75*2 = 31.5 reward units.

6.8.3 The conditions for Leadership remuneration are outlined in Terms of Leadership remuneration (see section 3.6.)
6.9 GoldSet Goldline order cancellation rights

New clients can cancel the GoldSet Goldline order within 14 calendar days from the moment of placing the order on the table of orders. (See section 3.8 Order Cancellation)

7 GOLDSET GLOBAL SMART PROGRAM RULES AND REGULATIONS
7.1 General information
7.1.1 The GoldSet Global Smart order is designated for the clients of the Internet Shop wishing to purchase gold bar sets comprised of bars weighing between 1 and 100 grams. Like the GoldSet Start preliminary table of orders transitioning to the GoldSet Standard, the GoldSet Global Smart order can be used as the basis for transitioning to the GoldSet Global Pro order. It may also be used as a stand-alone program.
7.1.2 Exact pricing for the set of gold bars is subject to the price of gold on the world market and is determined at the time of purchase.
7.1.3 Note: The Company makes every effort to supply products exactly as specified by the client, depending on availability, gold bars may be interchanged for others bearing different hallmarks.
7.1.4 The minimum purchase amount for investment gold bars through the GoldSet Global Smart program is EUR 7,000. Every order for the amount of EUR 7,000 is charged an order-processing fee of 15%. The invoice may be paid as follows:
  1. Immediate payment of the order as recorded on the issued invoice; or
  2. Prepayment on the order of EUR 275, and subsequent payment of the remaining sum within 12 months, according to the invoice; or
  3. Prepayment on the order of EUR 275, and participation in the company’s marketing incentives program. Term duration of the contract for the purchase of a GoldSet Global Smart order is 12 months.
7.1.5 The fee structure for processing the order consists of the following:
  1. Full deduction of the prepayment in the amount of EUR 275 for a placed order; and
  2. An additional fee in the amount of EUR 50 for prolonging the management of the personal account every 12 months if the conditions of the program have not yet been fulfilled.
7.1.6 Upon completion of the first section or the second section of the GoldSet Global Smart order, on prior selection, the Buyer can transition the order to the GoldSet Global Pro program or continue with the GoldSet Global Smart order until the purchase commitment is complete. The selection must comply with the provisions in Section 7.3 of the Global InterGold's GoldSet Terms and Conditions.
7.1.7 The Buyer can place only one GoldSet Global Smart gold bar set order in the Internet shop at a time. Upon full completion of the GoldSet Global Smart order, the Buyer can place a new order or extend the previous order of the same type.
7.1.8 Upon completion of the second section (one cycle) of the GoldSet Global Smart order, the Buyer can elect to exit the program at his/her discretion, on prior selection before completion of a section and sell the investment gold bars purchased back to the Internet Shop at the current buying price, safeguard the gold bars in a certified depository for safekeeping, or receive the gold bars purchased by insured mail.
7.1.9 The Internet shop does not guarantee the full completion of the order through the GoldSet Global Smart program. Success is based on the results of the Buyer’s own efforts.
7.2 Pre-requisites of the GoldSet Global Smart order
7.2.1 To place a GoldSet Global Smart order, the Buyer must:
  1. Place an order for the purchase of goods and services in the amount of EUR 7000, including an Order processing fee of 15%;
  2. Make a prepayment of EUR 275, which includes a down payment for a set of investment gold bars in weights from 1 to 100 grams and a subscription fee for the Internet Service for one year.
7.2.2 If the total amount of the order is not paid within one year, the Buyer will be charged an additional fee of EUR 50 for utilizing the virtual personal office the following year until completion of the order.
7.2.3 The Buyer will receive a reminder message regarding payment for extension of the utilization of the virtual personal office for the following year 30 days prior to the virtual personal office expiration date.
7.3 How the Global Smart table of orders works
7.3.1 The accounting system for the GoldSet Global Smart order is comprised of tables of orders that can be completed in one cycle.
7.3.2 The Global Smart table of orders consists of three levels, and includes 7 orders from buyers. The levels are arranged from top to bottom.
Level 1 4 orders
Level 2 2 orders
Level 3 1 order
7.3.3 The first level of the Global Smart table is divided into two sections. Each Global Smart table section consist of 2 places for placing orders organized from left to right. Sections are located on the left and the right side of the table and are separated by lines.
7.3.4 The orders are located from left to right, taking into account the recommendations made by the Buyers.
7.3.5 All incoming orders from Buyers are placed on the first level of the table.
7.3.6 Upon completion of both sections of the first level of the table, the table splits into two symmetrical tables of orders and the Buyer’s order moves to the second level. Four free spaces then appear on each table of orders for the placement of new Buyer orders.
7.3.7 Following the next table split, the Buyer’s order leaves the table and the cycle is considered complete.
7.3.8 The GoldSet Global Smart program order can be placed independently for the gold bar set purchase or used to transition the order to the GoldSet Global Pro order.
7.4 Global Smart table of orders rules
7.4.1 When the Buyer places the GoldSet Global Smart order, it is placed on the sponsor's table of orders.
7.4.2 Upon completion of the first section or the second section of the Global Smart order, on prior selection, the Buyer can transition the order to the GoldSet Global Pro program or continue with the GoldSet Global Smart order until the purchase commitment is complete. The selection must comply with the provisions in Section 7.3 of the Global InterGold's GoldSet Terms and Conditions.
7.4.3 To receive the reward, the Buyer's order must pass the 3 levels of one cycle of the table of orders in accordance with the Buyer's initiated order structure with a minimum two new clients having paid in for the order in the Internet Shop at any level of the Table of orders.
7.5 GoldSet Global Smart order qualification
The minimum requirements for reward qualification with a GoldSet Global Smart order:
7.5.1 The Buyer, as the owner of the order, must initiate a minimum of two new orders for the Global Smart table of orders. These orders will be taken into account for the subsequent order cycles.
7.5.2 To receive the reward, the Buyer’s order must reach the third level of the Global Smart table of orders. Reward units are credited to the Buyer's internal account upon completion of the first section which includes two orders and the second section (cycle completion) which includes two orders in the first level of the table.
7.5.3 If table of orders passes the cycle without the client having initiated two or more direct orders, the order is removed from the table and the prepayment is returned to the Buyer's virtual personal office. The Buyer can then activate the order or transfer the prepayment back to their personal bank account of record.
7.6 GoldSet Global Smart order reward
7.6.1 In the Global Smart table of orders, reward units are credited to the Buyer's internal account upon completion of the first and the second section.
7.6.2 Upon completion of the first section consisting of two initiated orders, the Buyer earns a reward in amount of 500 units.
7.6.3 Upon completion of the second section consisting of two initiated orders, the Buyer earns a reward in amount of 500 units
7.6.4 Upon completion of each section a processing fee of 50 reward units is deducted from the reward.
The total sum of the purchase of gold bars is subject to a 15% (67.5 units) deduction for the processing of the order and services.
7.6.5 The section completion sequence does dot influence the reward units amount.
7.6.6 The sum total of the remaining reward units (being an amount equivalent to EUR 382.5) is sent to the Buyer's reward account for the purchase of investment gold bars.
7.6.7 Before completion of the first section, the Buyer may elect to:
  1. Sell the gold bars to place a GoldSet Global Pro order, and continue with the Global Smart table; or
  2. Continue with the GoldSet Global Smart order only.
7.6.8 Before completion of the second section, the Buyer may elect to:
  1. Reactive a GoldSet Smart order prior the purchase of gold bars;
  2. Cease participation in the GoldSet Smart table; or
  3. Sell gold bars to place a GoldSet Global Pro order.
7.6.9 Upon completion of the GoldSet Global Smart order and the purchase of gold bars, the Buyer can elect to sell the gold bars back to the Internet shop at the current buying price.
7.6.10 Upon completion of the GoldSet Global Smart cycle, if the Buyer elects to transition the order to the GoldSet Global Pro program (with a prepayment in the amount of EUR 450), the gold bars that were purchased for the client with the reward from the GoldSet Global Smart order, are immediately sold at the same price and the Buyer's order is automatically placed in the Global Pro table of orders.
7.6.11 If the Buyer is already in possession of an order in the Global Pro table, upon completion of the GoldSet Global Smart cycle, the Buyer can continue with subsequent cycles of the GoldSet Global Smart order with a prepayment of EUR 275 per cycle until the purchase commitment has been fulfilled.
7.7 GoldSet Global Smart order sponsor change
7.7.1 The GoldSet Global Smart order change of sponsor can only be executed if the Buyer is solely in possession of one GoldSet Global Smart order, and no other GoldSet order types. Change of sponsor can be made within 14 days after order initiation in the table.
7.7.2 Transition the order to another table of orders or another section upon change of sponsor to complete a section or a table of orders is prohibited.
7.7.3 If, within 90 days from the placement of the order, there are no new orders in the Buyer's structure, the Buyer can change the sponsor by fulfilling these conditions:
  1. Initiate two GoldSet Global Smart orders from new clients;
  2. Use a EUR 50 coupon to activate the change of sponsor; and
  3. The new sponsor must have fulfilled the qualification requirements in accordance with the program.
7.8 GoldSet Global Smart order Leadership remuneration
7.8.1 The GoldSet Global Smart program allows for additional remuneration in form of Leadership reward units for qualified Buyers.
1.8.2 Leadership remuneration is calculated as follows:
The sum of each purchase of gold bars in the client's structure divided by a constant of 500, multiplied by the difference in LUC levels and multiplied by 2.
Example: the Buyer’s order has reached the first level of the Leadership remuneration:
450/500 = 0.9 (LU) * 7.5 (difference in LUC) = 6.75 * 2 = 13.5 Leadership reward units (Leadership remuneration)
7.8.3 The conditions for the Leadership remuneration are outlined in Section 3.6.
7.9 GoldSet Global Smart order cancellation rights
7.9.1 The GoldSet Global Smart order can be cancelled only by new Buyers within 14 calendar days from the moment of placing the order in the table of orders. (See Section 3.8 Order Cancellation)
8 GOLDSET GLOBAL PRO PROGRAM RULES AND REGULATIONS
8.1 General information
8.1.1 The GoldSet Global Pro order is intended for Internet Shop clients wishing to purchase gold bars in weights from 1 to 100 grams.
8.1.2 Exact pricing for the set of gold bars is subject to the price of gold on the world market and is determined at the time of the purchase.
8.1.3 Note: The Company makes every effort to supply products exactly as specified by the client, depending on availability, gold bars may be interchanged for others bearing different hallmarks.
8.2 Pre-requisites for the GoldSet Global Pro order
8.2.1 To issue a GoldSet Global Pro order, the Buyer must:
  1. Place an order for goods and services in the amount of EUR 7,000 including an order-processing fee of 15%.
  2. Make a prepayment, which includes the down payment for a set of investment gold bars in weights from 1 to 100 grams and a subscription fee for the Internet Service for one year.
8.2.2 The total amount for the purchase of the gold bar set can be paid as follows:
  1. Immediate payment of the total amount EUR 7,000 according to the order and the invoice issued, including the order-processing fee of 15%.
  2. Prepayment of the order (minimum EUR 450) and the payment of the remaining amount within 12 months, according to the invoice.
  3. Prepayment of the order (minimum EUR 450) and settlement of the remaining balance in accordance with the conditions of the GoldSet Global Pro program.
8.2.3 Term duration of the purchase agreement is 12 months.
8.2.4 Each sale agreement in the amount of EUR 7,000 is charged a processing fee of 15% (EUR 1,050). The processing fee includes an annual Internet platform service fee of EUR 50 or EUR 25 for each cycle of order passage.
8.3 How the Global Pro table of orders works
8.3.1 The accounting system of the Global Pro order is comprised of two cycles of the table of orders.
8.3.2 The Global Pro table of orders consists of three levels and includes 13 orders from buyers. The levels are organized from top to bottom.
Level 1 9 orders
Level 2 3 orders
Level 3 1 order
8.3.3 The first level of the Global Pro table of orders is divided into 3 sections. Each section consists of 3 places for placing orders organized from left to right. The sections are separated by lines.
8.3.4 Placement of customer orders is made from left to right, taking into account the recommendations made by the Buyers. All incoming Buyer Orders are placed on the first level.
8.3.5 Upon completion of first level, the table splits into three symmetrical tables of orders and the Buyer's Order moves down to the second level. Then, at the first level of each of the three new tables of orders 9 new empty places are formed for new client orders.
8.3.6 Upon completion of the first section of the table of orders when the Buyers Order reaches the third level of the table of orders, reward units are credited to the Buyer's internal account.
8.3.7 This reward serves only for the purchase of gold bars on the account of the Buyer.
8.3.8 The Internet Shop does not guarantee the full completion of the Buyer's order under the conditions of the GoldSet Global Pro program. Success is based on the results of the Buyer's own efforts.
8.4 GoldSet Global Pro orders rules
8.4.1 The Buyer's order shall pass three levels of a 13-seat Global Pro table of orders by initiating direct or indirect new orders of new Buyers.
Note: The Buyer's order and those temporarily placed on this table from different structures can help accelerate the passing of the Order.
8.4.2 Upon completion of the first cycle of the Global Pro table of orders, the order is placed on the second cycle.
8.4.3 The Order is transferred to the second cycle through 450 reward units, which are credited by the company. When 3 levels of a thirteen-seat Global Pro table of orders are filled through orders from the Buyer's client structure or clients of other structures (who can only assist in accelerating the passage of the Order), the Buyer earns reward units if the order has qualified.
8.5 GoldSet Global Pro order qualification
8.5.1 To claim the Global Pro order reward the Buyer must initiate at least two new clients with new orders on the Global Pro table of orders in the Internet Shop.
8.5.2 Qualification for the reward is valid at any order placement level on the customer orders accounting table.
8.5.3 If a Global Pro order passes the first cycle without two or more initiated orders of new direct clients, the order is removed from the table and the prepayment is returned to the Buyer's virtual personal office. The Buyer may either activate the order or transfer the prepayment to the Buyer's personal bank account.
8.5.4 Special conditions for the GoldSet Global Pro order:
  • Credit coupons: At the Buyer's request the Company may extend credit coupons to the Buyer to help accelerate the completion of a cycle and complete the first or the second section.
  • With credit coupons the Buyer, having made the prepayment of EUR 450 for the Global Pro order, can elect to upfront the prepayment for his initiated recommendations through deferring his own reward upon completion of the cycle to that end. The Buyer assumes full responsibility for the credit coupon commitment, must make his own provisions for prepayment repayment from his initiated recommendations and agrees to hold the company harmless in this regard.
  • It is a prerequisite that the Company has received the EUR 450 prepayment from the Buyer in order for a credit coupon request to be considered.
  • Approval for any credit coupon request is at the Company's sole discretion.
8.6 GoldSet Global Pro order reward
8.6.1 In the Global Pro table of orders rewards are credited upon completion of the first, second and third section (cycle completion).
8.6.2 Upon completion of the first section consisting of three initiated orders, the Buyer earns a reward in amount of 1275 units.
8.6.3 Upon completion of the second section consisting of three initiated orders, the Buyer earns a reward in amount of 1275 units.
8.6.4 Upon completion of the third section consisting of three initiated orders, the Buyer earns a reward in amount of 1275 units.
8.6.5 Upon completion of each section a processing fee of 75 reward units is deducted from the reward.
The total sum of the purchase of gold bars is subject to a 15% (180 units) deduction.
8.6.6 The section completion sequence does dot influence the reward units amount.
8.6.7 The sum total of the remaining reward units (being an amount equivalent to EUR 1020) is sent to the Buyer's reward account for the purchase of investment gold bars.
8.6.8 Upon completion of the GoldSet Global Pro order and the purchase of gold bars, the Buyer can elect to sell the gold bars back to the Internet shop at the current buying price.
8.6.9 The order moves to the second cycle through 450 reward units credited to the company from the reward received for the third section of Global Pro Table completion.
8.6.10 Upon completion of the second cycle of the table of orders, the Buyer receives 1275 reward units credited upon completion of each of the sections.
8.6.11 Upon completion of the second cycle depending on the option selected before the completion, the Buyer can elect to:
  • Place a Global Pro order prior the purchase of gold bars; or
  • Cease participation in the Global Pro table
8.7 GoldSet Global Pro order sponsor change
8.7.1 The GoldSet Global Pro order change of sponsor can only be executed if the Buyer is solely in possession of one Global Pro order, and no other GoldSet order types. Change of sponsor can be made within 14 days after order placement.
8.7.2 To transition the order to another table of orders or another section upon change of sponsor to complete a section or a table of orders is prohibited.
8.7.3 If new orders were not placed in the Buyer's structure within 90 days, the Buyer has the option of changing sponsor according to the following conditions:
  1. if the Buyer's order is located on the Global Pro table, the Buyer must initiate two new orders; and
  2. the Buyer must use a technical coupon of EUR 50,00 to activate sponsor change;
  3. the new sponsor must fulfill the qualification requirements in compliance with the GoldSet Marketing Incentives Program Terms and Conditions.
8.8 GoldSet Global Pro Leadership remuneration
8.8.1 By electing the GoldSet Global Pro order, the Buyer has the opportunity to earn additional remuneration in form of Leadership remuneration for qualified Buyers.
8.8.2 Leadership remuneration is calculated as follows:
The sum of each purchase of gold bars in the client's structure divided by a constant of 500 and multiplied by the difference in the Buyer LUC levels and multiplied by 2.
Example: the Buyer's order has reached the first level of the Leadership remuneration:
1050/500 = 2.1 (LU) * 7.5 (difference in LUC) = 15.75 *2 = 31.5 reward units (Leadership remuneration).
8.8.3 The conditions for Leadership remuneration are outlined in "Terms of Leadership remuneration". (See 3.6.)
8.9 GoldSet Global Pro order cancellation rights
8.9.1 New clients can cancel the GoldSet Global Pro order within 14 calendar days from the moment of placing the order in the table of orders (See Section 3.8 Order Cancellation).
9 GENERAL PROVISIONS
9.1 Material Terms
9.1.1. The present Agreement and the related documents supersede all previous agreements between the Parties, whether oral or written, with regard to the subject of the present Agreement.
9.1.2. If any of the provisions of the present Agreement becomes becomes void, it must be substituted with the other valid provision, which is as much as possible consistent with the intended effect and the economic purpose of the invalid provision. Invalidity of any of the provisions of the present Agreement shall be without prejudice to the validity of the other provisions of the Agreement.
9.1.3. The present Agreement has been executed to the advantage of the contracting Parties and is binding on them and their legal successors. Liabilities assumed under the present Agreement may not be passed on to a third party.
We reserve the right to make changes to the Program Terms and regulations without prior notice.
This website is not intended for distrubution or for the use by physical and legal persons residing in the countries or under the jurisdiction where such use or distribution is a breach of the valid legislation or a normative legal act, also in the case where such distribution or use requires registration or licensing under the said jurisdiction of Global InterGold or any of its subsidiary companies or organisations.
This website and the information contained hereunder cannot be used for drafting of legal, juridical, tax, accounting and security papers, investment reports and counselling, including formulation of the opinion about the expediency and feasibility of any investments or investment strategies. This website does not contain an appeal or an offer to invite and to make public offers for the purchase and sale of any investment product or service to any physical or legal person irrespective of their jurisdiction.
Products desplayed at the website are only available for the residents of the countries where the , offer of such products is alllowed by the law.
9.1.4 Access to a GoldSet marketing incentives program iis not available for use by any person or entity that is a resident of or located in any jurisdiction where such marketing incentives program is or may be in contravention of any law or regulation or which would subject Global InterGold or any of its affiliate companies or entities to any registration or licensing requirement in that jurisdiction. You are responsible for ensuring that you have lawful access to use the GoldSet marketing incentives program in your jurisdiction. In consideration of being granted access to a program, you hold Global InterGold harmless in this regard.
9.1.5 Providing information about the Company to persons other than clients is a matter that is monitored carefully. The Company considers the provision of accurate, legally compliant material a core term of your right to engage in a GoldSet marketing incentives program. Accordingly, if you are found to be providing inaccurate information the Company reserves the right to suspend your account pending an investigation.
9.1.6 This Agreement is governed by the laws of New Zealand and each party submits to the jurisdiction of the courts of New Zealand. Any action against us may only be taken in Hamilton, New Zealand; and nothing in this Section 7 of these Terms is intended to prevent the company:
  • Seeking, in any other court, orders granting interim relief or interim protective measures in support of proceedings brought to be brought before a court in Hamilton, New Zealand; or
  • Seeking to enforce a judgement of a New Zealand court in any other country.
9.2 Passing of risk
9.2.1 Goods will be at the Buyer’s risk immediately on settlement of the Order.
9.2.2 Legal and beneficial ownership of the Goods will remain with the Global InterGold Company until payment in full is made:
  • For the Goods; and
  • For all other amounts owing by the Buyer to Global InterGold Company.
9.3 Security
9.3.1 Without prejudice to any of the Global InterGold Company’s other remedies, if any amount payable by the Buyer to the Global InterGold Company is overdue or the Buyer becomes insolvent, commits an act of bankruptcy, has a receiver appointed over all or any part of the assets of the Buyer, makes or is likely to make an arrangement with its creditors, has a liquidator (provisional or otherwise) appointed or is placed under statutory or official management, then:
  • The Global InterGold Company may cancel any outstanding order with the Buyer; and
  • Any moneys payable by the Buyer to Global InterGold Company whether immediately due for payment or not shall become immediately due and payable.
9.3.2 Security for all obligations that you may owe to us from time to time, including but not limited to any indemnity under Section 14 of the Terms, you hereby grant the Company a security interest under the PPSA in all Goods supplied by the Company to you from time to time and in the proceeds of all such Goods as well as in any negotiable instrument representing any such proceeds.
9.3.3 The Buyer will provide the Seller on request with all information necessary for the registration of Seller’s security interest in terms of the PPSA.
9.3.4 The Buyer hereby waives its right in terms of section 148 of the PPSA to receive a copy of a verification statement.
9.4 Severance

If any provision of this Agreement or the Conditions is declared by any judicial or other competent authority to be void, voidable, illegal or otherwise unenforceable the parties must amend that provision in such reasonable manner as achieves the intention of the parties and cures the defect or that provision will be severed from this Agreement and the remaining provisions of this Agreement will remain in full force and effect unless the Supplier decides that the effect of such severance is to defeat the original intention of the parties in which event the Supplier will be entitled to terminate this Agreement by 30 days notice to the Distributor.

9.5 Survival of Obligations

Each provision of this Agreement that is capable of surviving termination of this Agreement will survive that termination.

9.6 Successors and assigns

This Agreement will be binding on and inure to the benefit of the Parties and their successors and permitted assigns.

9.7 Force Majeure
9.7.1 The Parties shall be released from the responsibility for the complete or partial failure to perform their obligations under this Agreement, if such failure was the consequence of the force majeure circumstances occurring after execution of this Agreement as a result of extraordinary events, which the Parties could neither foresee nor prevent using reasonable efforts.
9.7.2. upon the occurrence of such an event:
9.7.3. If either of the Parties is unable to perform its obligations completely or partially under the circumstances defined in cl.9.7.1. of the present Agreement, the term of the performance of the obligations under the present Agreement must be extended for the period equal to the period during which such circumstances last.
9.7.4 If the circumstances defined in cl. .9.7.1. of the present Agreement last more than twelve months, either of the Parties shall be entitled to terminate the present Agreement and in this case neither of the Parties shall be liable for the reimbursement of losses related to such termination.
9.7.5. The Party for whom it becomes impossible to perform its obligations due to the circumstances defined in cl. 9.7 1.of the present Agreement must immediately notify the other Party of the occurrence of such circumstances indicating the nature of the circumstances and their effect on the possibility to perform the contractual obligations.
9.8. Entering into Agreement, Agreement validity period and termination of the Agreement.
9.8.1. The Agreement shall come into force and shall be binding on the Parties from the moment of the approval of the Agreement by the Buyer electronically – completion by the Buyer of the field “I agree” at the bottom of the Agreement, and also from the moment of the receipt by the Company of the payment for the Order and services under the terms of the Agreement.
9.8.2. The Agreement is made to ensure complete performance of the Order by the Parties and may be extended automatically for the next Order paid by the Buyer.
9.8.3. Either of the Parties is entitled to terminate the Agreement before its expiry date notifying the other Party of this in writing 30 (thirty) days prior to termination.
9.8.4. In case of the Agreement premature termination at the initiative or due to the fault of the Owner of the Order, the User charge already paid shall not be returned.

© Global InterGold Online Limited 2016