Last Updated: 13 May 2020
Description of the Program
The Lendahand Investor Referral program (“Program”) permits select, invited eligible members to earn money (see Payment section below) by referring to Lendahand first time, new Investors (“Referred Investors”) who make investments for the first time and successfully complete payment. A “Completed” investment is an investment that is paid for by the referee and not cancelled or disputed.
Referred Investors will be attributed upon Referring Investor’s invite. Referring Investors can only get Payment for the first 25 Referred Investors (i.e., the first 25 Investors they Referred under this Referral Program) who Complete their first investment in line with these Terms.
To participate, Referring Investors must agree to these Terms. The Program may not be combined with other Lendahand referral programs or incentives. By participating in the Program, you forfeit your ability to use other promotional coupon credits (“Coupon Credits”) via other Lendahand referral programs for Referred Investors.
Referred investors will receive a €25 discount on their first investment of a minimum of €50 in eligible Lendhand investment projects. The €25 discount is only available for your first investment and is not available in combination with any other vouchers or offers.
Use of the Dashboard
You agree that you will not use the Investor Referral Dashboard (“Dashboard”) for any purpose other than tracking your own progress and the progress of others. You will respect the privacy of others and comply with applicable laws.
This Program will run until Lendahand posts a message on this or another page that the Program is no longer in effect. If an Investor that you Referred before the end of the Program gets their first investment, you will still receive Payment for the referral.
You agree to (i) use best efforts to refer Referred Investors to become a regular investor with Lendahand; and (ii) educate Referred Investors on how to use the Lendahand platform, including how to sign up for an account and make investments through the Lendahand platform, by pointing them to resources at Lendahand.com. You may not represent yourself as an employee, intermediary or agent or as being authorized to bind the Company. You may not create materials (including business cards, websites or email addresses) bearing Company branding or that imply any affiliation or agency relationship between you and Lendahand. However, you must state that you are a Referring Investor who is encouraging Investors to list on Lendahand. (iii) You agree NOT to give investment advice to referred investors and NOT to represent yourself as an investment advisor or professional.
Sharing Referral Code
Referrals should only be used for personal and non-commercial purposes, and only shared with personal connections that will appreciate receiving these invitations. Referral coupon code should not be published or distributed where there is no reasonable basis for believing that all or most of the recipients are personal friends (such as coupon websites, Reddit, or Wikipedia).
You agree and represent that you will use referral methods and techniques that people will appreciate and that are legal. You agree and represent that you will always be mindful to respect the privacy of others (i.e. do not spam), be honest, open, and transparent about who you are and what you are offering (i.e. do not mislead). Make sure to tell your friends and other who you invite to join Lendahand to check the terms and conditions that may apply to them and that you educate them about what it takes to be a responsible Investor. More details are available at risks.
You agree that you will not set up accounts, create listings, or prepare investments on behalf of Referred Investors and that you will not be eligible for payments if you are in breach of these Investor Referral Program Terms.
If you are based in the EU, you will receive €25 EUR for the first investment Completed by a Referred Investor. If you are based outside the EU, you will receive the equivalent in your local currency (i.e., the currency of the payment method that you have selected for payouts). Where applicable, the local currency equivalent will be calculated using a system-wide rate, known as the base exchange rate, for currency conversion using data from one or more third parties, such as OANDA. We regularly update the base exchange rate, but it may not be identical to the real-time market rate.
To qualify for any payouts, the Referred Investor’s first received investment must have a value (excluding fees, taxes, and special offers) of at least €50 EUR (or the equivalent in your local currency ). The Referred Investor has 60 days from the date they are invited to Complete their first investment in order to earn the Payment.
All Referred Investors must be new, first time Investors. No payment will be made for investments by current or former Lendahand Investors, or for investments made by family or friends of the Referred Investor, or for investments where either the Referred Investor or the Referred Investor's investment has the same address as you, or the same payment/payout details. Payouts will be made within 30 days of each qualifying event, to the payout mechanism you designate on your Lendahand account. The Lendahand Terms of Service as it relates to the application of taxes applies to any Program payout.
Whether a payout is due shall be a decision made in the sole discretion of Lendahand. Lendahand reserves the right to any remedy, including denial of payout or cancellation of your account, if fraud, tampering or other violations of Lendahand's Terms of Service or these Terms are suspected.
Additional Incentives and Programs
From time to time, Lendahand may publicize additional incentives and programs applicable to particular markets. Such announcements will include specific information regarding the requirements for receiving such incentives in that market.
Nature of Relationship
You acknowledge and agree that it is a fundamental term and condition precedent of your participation in the Program that you are not an employee, intermediary or agent of the Company, and you will not hold yourself out as, or give any person reason to believe, that you are an employee, intermediary or agent of the Company. You agree nothing in your participation will be construed as establishing an employment or agency relationship between Company and you.
You represent and warrant that: (a) you have all necessary consents and permits to participate in this Program, (b) you 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 your performance of your obligations under this Agreement, (c) you will fully comply at all times with all applicable laws and you will not infringe on any third-party (including Lendahand) rights.
You will defend, indemnify and hold Lendahand harmless from and against all claims, damages, liabilities, losses, expenses and costs (including reasonable fees and expenses of attorneys and other professionals) arising out of or resulting from your negligence or intentional misconduct with respect to your participation in the Program.
Lendahand may terminate your participation in the Program at any time, for any reason or no reason. The rights and obligations of the parties under these Terms will survive the expiration or termination of this Agreement.
Exclusion and Limitation of Liability
In no event will Lendahand be liable for any special, incidental, punitive, exemplary or consequential damages of any kind in connection with this Agreement, even if the Company has been informed in advance of the possibility of such damages. In no event will the Company’s aggregate liability to you in connection with this Agreement exceed the aggregate amount of the payments made by the Company to you in accordance with this Agreement.