Common use of REFERRAL SYSTEM Clause in Contracts

REFERRAL SYSTEM. 12.1. FUMBI provides the User with the possibility to refer new users through the reference system available on the FUMBI Platform (the "Referral System"). 12.2. The Contracting Parties have agreed that in the event that the User successfully refers a new user, FUMBI is entitled to provide a reward to the User in question according to the conditions specified in this Agreement. Successfully referred user is a person who establishes the Account via the FUMBI Platform using data intended for referring users according to the Article 12.3 and who makes a Deposit according to the terms of this Agreement (the "New User"). 12.3. When referring New Users, the User is obliged to use only the link or code of the Referral System specified in the FUMBI Platform interface. In the event that the New User makes a Deposit (the "New User's Deposit"), FUMBI is entitled to provide the User with a reward according to the terms of this Agreement (the "Reward"). 12.4. The Referral System or activities related to it do not constitute a contractual relationship of commercial representation, intermediation or other authorization to represent FUMBI or to act on its behalf by the User. 12.5. The User is obliged to use the Referral System exclusively in accordance with this Agreement. When using the Referral System, the User undertakes to: a) The User will not use the Referral System for the purpose of performing illegal activity, fraud, in a manner that is contrary to the Agreement or violates good morals; b) The User will not use the Referral System in a manner using unsolicited messages, both in electronic and paper form, addressed to third parties; c) The User will neither present himself/herself as a person authorized to act in the name or on behalf of FUMBI or its authorized representative, business partner, intermediary, nor act in any other way that could indicate such a fact. 12.6. However, FUMBI is entitled, but not obliged, to pay the User a Reward in the event that a New User's Deposit is made in accordance with the terms of this Agreement. The model for calculating Reward is listed in the Price List. The Reward will be paid to the User by crediting the relevant amount of the Reward to the value of the Deposit of the User in question in the form of virtual currencies. 12.7. In the event that the User has obtained the Reward in violation of the terms of the Referral System, the terms of this Agreement or in any other unauthorized manner, the User is obliged to return the value of such Reward and compensate for damage caused by such actions.