Crowdfunder Investor Referral Program Terms and Conditions

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Please note that if you invest under the Referral Program (Referral Program) on the Lendahand investment platform (platform), you accept these Referral Program terms and conditions, along with the overarching Website terms and conditions, and the First Investment Guaranteed terms and conditions.

Last Updated: 10 October 2023

 

Description of the Program

The Crowdfunder’s Investor Referral Program (“Program”) allows an eligible Investor (“Existing Investor”) to earn money by referring a new/first time investor to the Crowdfunder’s Website (“Referred Investor”) in accordance with these Terms.

The Existing Investor will generate a referral coupon code, via his/her Account, which can then be sent to the Referred Investor. The Referred Investor can use this referral coupon code as follows:

After the successful First Investment by the Referred Investor, the Existing Investor will receive €25 in their Lendahand Wallet, with the option to withdraw the amount or keep it in their Wallet for future investments.

This Program cannot be used in combination with other referral programs, initiatives or incentives as published by the Crowdfunder from time to time.

By participating in this Program, you forfeit your ability to use other promotional coupon credits for other referral programs as published by the Crowdfunder from time to time.  

 

Referred Investor

In order to qualify as a Referred Investor, you must:

i) be a new, first-time investor (meaning that the Referred Investor has not made an investment on the Crowdfunder’s Website before the First Investment).

ii) not have the same address or banking details as the Existing Investor or a pre-existing account.

iii) have an Account or register for an Account on the Crowdfunder’s Website.

The received referral coupon code is only valid for the Referred Investor's First Investment and cannot be redeemed for subsequent investments."

The referral coupon code is only valid for the Referred Investor’s First Investment and may not be redeemed against subsequent investments unless otherwise agreed by the Crowdfunder.

The discount may not be used in combination with any other vouchers or offers.

 

Existing Investor

As an Existing Investor, you will receive €25 compensation for each qualifying Referred Investor who successfully completes his/her first investment in accordance with these Terms. The Crowdfunder will endeavor to place the aforementioned compensation on your Lendahand Wallet within 30 days, calculated from the date the investment is successfully completed. 

For an investment to be deemed successfully completed, the Referred Investor must have:

i) paid for the investment in full (investments which are subsequently cancelled and/or disputed in any way will not be deemed successfully completed) and

ii) having invested within the Term of the First-Investment-Guaranteed Program, as mentioned in the First-Investment-Guaranteed terms and conditions as shown on the program page: https://www.lendahand.com/pages/terms-conditions-first-investment-guarantee

The Crowdfunder reserves the right to cancel any compensation due to an Existing Investor if it has reason to believe or suspect that the Existing Investor:

i) is involved in any form of fraud, corruption, tampering or the like;   

ii) has breached any of these Terms;

iii) where the Crowdfunder is able to prove the Referred Investor is not a new, first-time investor or

iv) in any other circumstances where the Crowdfunder, in its sole discretion, deems justifiable.

 

As an Existing Investor participating in this Program, you agree to:

i) use your best efforts to refer potential investors who you believe will be regular investor.

ii) educate Referred Investors on how to use the Crowdfunder’s Website, which includes amongst others, signing up for an Account, making investments through the Website and by pointing them to the relevant resources which can be located on the Crowdfunder’s Website.

iii) inform all Referred Investors to review and take note of the Crowdfunder’s General Terms and Conditions, including these Program Terms.

iv) educate all Referred Investors about what it takes to be a responsible investor and draw their attention to the potential risk involved in such investments. Further details associated with risk can be found on the associated project page as published on the Crowdfunder’s Website.

v) not represent yourself as an employee, intermediary or agent or as being authorised to bind the Crowdfunder.

vi) not create materials (including business cards, websites or email addresses) bearing the Crowdfunder’s branding or that may imply any affiliation or agency relationship between yourself and the Crowdfunder.

vii) disclose your participation in the Program to the Referred Investor.  

viii) NOT give investment advice to Referred Investors and NOT represent yourself as an investment advisor or professional.

 

Sharing of Referral Coupon Codes

Referral coupon codes should only be used for personal purposes and not for commercial purposes.

Referral coupon codes should only be shared with personal acquaintances who will appreciate receiving these referral coupon codes.

Referral coupon codes should not be published or distributed on websites, blogs, articles and the like without the prior consent of the Crowdfunder.

Referral methods and techniques used should at all times be legally compliant and not cause a nuisance to the Referred Investor.  

You agree and represent that you will always be mindful to respect the privacy of others (i.e. do not spam), and be honest, open, and transparent about who you are and what you are offering (i.e. do not mislead). You agree that you will not set up Accounts, create listings, or prepare investments on behalf of Referred Investors.

 

Taxes

Any taxes associated to the discount received by the Referred Investor or compensation received by the Existing Investor under this Program, will be for the account of the respective investor.

Nature of Relationship

Both the Existing Investor and Referred Investor acknowledge and agree that their participation in this Program will not create, establish or deem such individual to be an employee, intermediary or agent of the Crowdfunder.

Neither the Existing Investor nor the Referred Investor will hold itself out as, or give any person reason to believe, that he/she is an employee, intermediary or agent of the Crowdfunder.

 

Warranties

Both the Existing Investor and Referred Investor represent and warrant that they:

i)  hold all the necessary consents and permits to participate in this Program, 

ii) have no pre-existing obligations or commitments (and will not assume or otherwise undertake any obligations or commitments) that would be in conflict or inconsistent with or that would hinder their performance of their obligations under these Terms, and

iii)  will fully comply at all times with applicable laws and will not infringe on any rights of the Crowdfunder and/or third-parties.

 

Indemnity

The Existing Investor and Referred Investor undertake to defend, indemnify and hold the Crowdfunder harmless from and against all claims, damages, liabilities, losses, expenses, fines, penalties and costs (including reasonable fees and expenses of attorneys and other professionals) arising out of or resulting from amongst others any breach of these Terms, misrepresentations, negligence and/or intentional misconduct with respect to his/her participation in this Program.

 

Exclusion and Limitation of Liability

In no event will the Crowdfunder be liable for any special, incidental, punitive, exemplary or consequential damages of any kind in connection with these Terms, even if the Crowdfunder has been informed in advance of the possibility of such damages.

In no event will the Crowdfunder’s aggregate liability to either the Existing Investor or Referred Investor in connection with their participation in the Program, exceed the aggregate amount of the payments made by the Crowdfunder’s to the Existing Investor or the discount received by the Referred Investor respectively in accordance with these Terms.

 

Term and Termination

This Program will run until discontinued by the Crowdfunder. Should the Crowdfunder elect to discontinue the Program it will notify all investors by publication on the Crowdfunder’s Website.  

The Crowdfunder reserves the right to terminate your participation in the Program at any time, for any reason whatsoever.  

Termination of this Program or your participation in this Program, for any reason whatsoever, will not affect any rights and/or obligations that exist under these Terms prior to the termination thereof.

For purposes of clarification, in instances where an:

i) Existing Investor whose participation in this Program has been terminated, for any reason whatsoever, will still be entitled to his/her compensation provided that the referral coupon code(s) were generated prior to the termination of his/her participation in the Program and all other Terms have been complied with.  

ii) Referred Investor whose participation in the First-Investment-Guaranteed Program has been terminated, for any reason whatsoever, will still be entitled to his/her rights under the First-Investment-Guaranteed Program provided that his/her investment is made in accordance with the First-Investment-Guaranteed Terms and conditions.