General terms and conditions for participation in Goldex marketing program
The following terms and conditions represent the agreement between the EMGOLDEX company and the Buyer, the Holder of the order to participate in the Goldex advertising - marketing program.
Acceptance of the given Agreement gives possibility:
- For every Buyer, the Holder of the order - to participate in the Goldex marketing program and to receive a payment from the EMGOLDEX company for the successful advertising of goods and services provided by the Internet - shop;
- For the EMGOLDEX company - to receive an income from the sale of goods and services distributed through the Internet.
To participate in the Goldex marketing program it is necessary for the Buyer:
- To register in the Internet - shop.
- To place an Order for the purchase of the goods and services for the sum of 7.000.00€, including the Order processing fee of 7%.
- To pay a Coupon-order cost.
Coupon-order is a means of payment within the system.
The Coupon-order includes a gold bar of 1 gram, a prepayment for investment gold bars up to 100 grams and a subscription fee for the Internet service.
The Coupon-order cost for the Preliminary table is 150.00€, including the Internet service subscription fee of 20.00€.
The Coupon-order cost for the Main table is 540.00€, including the Internet service subscription fee of 40.00€ to pass two cycles of the Main table.
In the Goldex program a Buyer has a right to issue only one Order in the Internet - shop for the purchase of an investment gold for the sum of 7000€. After execution of an order, the Buyer may issue a new order or prolong a previous one.
Business-model of the Goldex marketing program
Marketing program Goldex is designed to assist only those who have a desire to promote the company's products over the Internet - shop in the world market and to receive credit bonuses from the company for advertising and attraction of new customers. An indispensable condition is that the marketing reward in the form of credit bonuses received for promotional activities and attraction of new customers, can only be used to purchase an investment gold bullion on account of execution of customer orders.
Business - model of marketing program Goldex consists of two tables of orders:
1. The preliminary table of orders.
2. The main table of orders.
The preliminary table of orders is designed to pass the buyer's order to the Main table of orders.
The main table of orders is designed to get credit bonuses for the payment of the buyer's order. For the full execution of the order, the buyer must pass a minimum of two cycles of the main table.
Orders with a payment of € 150 are placed on the preliminary table of orders.
Orders with a payment of 540 € are placed on the main table of orders
Concept of operations of the table of orders
Table of orders consists of four levels, which includes 15 orders of the buyers. The levels are arranged from top to bottom. Placement of customer orders is from left to right, also taking into consideration the recommendations made.
1st level - 8 orders;
2nd level - 4 orders;
3rd level - 2 orders;
4th level - 1 order.
All incoming customer orders are placed on the first level.
Once the first-level of the table of orders is filled with the customer orders, the table splits into two symmetric tables of orders. The order of the buyer moves down to the second level. At the first level of two new tables of orders 8 new empty places are formed for new customer orders.
As soon as the first level of table of orders fills up with 8 more new orders, the buyer’s order moves down to level 3, and again there is a division of the table of orders into two symmetrical tables. Then, the new filling of the first level with 8 orders, the Order of the buyer passes to 4th level.
At the following division of a table, to the order of the buyer Credit bonuses are charged and the Order of the buyer automatically passes:
- From the Preliminary table – to the first cycle of the Main table;
- From the Main table - to the second cycle and upon termination of the second cycle, again there is a charge of Credit bonuses.
On these Credit bonuses bars of investment gold are bought.
Preliminary table of orders
The preliminary table of orders is designed to pass the buyer's order to the Main table of orders. The preliminary table is filled automatically in process of receipt of orders for the Preliminary table. For the passage of the Preliminary table there is no obligatory requirement to the Owner of the order on the attraction of two new orders. The owner of the order can involve new Orders, both for the Preliminary table, and for the Main table, Orders will be considered further at a passage of the Order on the Main table.
When the Order has passed the Preliminary table of orders, to the order of the buyer bonus compensation is charged at a rate of 1040 credit bonuses from which 73 credit bonuses (7 %) is subtracted as a gathering for Order's processing, 540 credit bonuses go for transition of the Order of the buyer to the Main table of orders.
On 427 credit bonuses bars of investment gold are bought, which the Owner of the order may obtain or sell back to the Company.
Conditions and procedures for calculation of the credit bonuses for the main table of orders
The minimum condition for reception of credit bonuses:
The buyer, the Owner of the order should involve two new orders for the Main table of orders. These involved orders will be considered at all subsequent cycles.
The order of the buyer, for its full execution, should pass a minimum of two cycles of the Main table of orders. For this purpose the Buyer should involve two new Orders on the Main table, being at the first or second level of the first cycle of the Main table.
If this condition is done then upon termination of each cycle, to the order of the buyer bonus compensation at a rate of 3500 credit bonuses is charged, from which 245 credit bonuses (7 %) as gathering for order processing is subtracted. On the remained 3255 credit bonuses bars of investment gold are bought.
On termination of the Order, the Buyer can issue a new Order or prolong an action of the previous one, by reinvesting 540 credit bonuses. Participation of the Buyer in marketing program Goldex proceeds, earlier involved orders are considered at the subsequent charge of credit bonuses.
Special conditions for charging of credit bonuses to the Main table of orders
Special conditions of charging of credit bonuses operate in case the Buyer hasn't involved two new Orders on the Main table, being at the first or second level of the first cycle of the Main table.
To the order of the buyer credit bonuses are charged depending on the level where the Order is at the moment of receipt of a minimum of two involved Orders, which are considered at each cycle of the Main table.
Quantity of credit bonuses charged for one of two qualifying orders:
1. The order of the buyer at 1 or 2 level – 1750 credit bonuses
2. The order of the buyer at 3 level – 1250 credit bonuses
3. The order of the buyer at 4 level – 750 credit bonuses
One involved Order at any level or none involved Orders of the Buyer on the Main table, don't grant the right to the Order of the buyer for compensation reception. This cycle isn't considered as the execution of order. Credit bonuses are not charged.
The Buyer’s order automatically goes to the cycle beginning until the marketing condition of involving at least two orders will be done. The Buyer’s order returns to the beginning position and starts the movement again to get the reward. The involved Order is saved for the second cycle.
If the Owner of the order involves new orders in the second cycle of the Main table, the Order obtains a reward according to its arrangement on the Main table in this cycle.
In the second cycle of the Main table bonus compensation will be defined taking into account the results of the first cycle.
If the Buyer being at the 1st or 2nd and 4th level in the first cycle involves two new orders, then it is enough for the Buyer being at the 1st or 2nd level in the second cycle to involve one new order to pass the second cycle and get a maximum reward for the second cycle with two orders involved at the 1st and 2nd level for two cycles.
If two orders were involved at the 3rd and 4th level in the first cycle, then it is necessary for the Buyer to involve two new orders at the 1st or 2nd level in the second cycle to pass the second cycle and get a maximum reward with two orders involved being at the 1st and 2nd level.
If to the order of the buyer maximum compensation isn't charged after passage of two cycles of the Main table, the Owner of the order has the right to finish the Order at the expense of money resources to the full sum of execution of the order and to receive bars of investment gold or to receive already available bars from storehouse or to sell them back to the company. The order will be considered as finished. The buyer can issue a new order by reinvesting 540 credit bonuses for 2 more cycles.
The order of the buyer gets additional bonus reward (bonus units) when under this Order two direct involved Orders get reward (the first cycle) and under each of them two more Orders get reward (the first cycle).
The Order of the buyer starts to move ahead in a leadership program and take part in the Internet – shop profits.
Bonus units are used to buy an investment gold only.
In the leadership program the bonus units are credited to the Order of the buyer under the following formula:
Number of the received credit bonuses of the involved Order at the end of each cycle divided by a constant of 500.
Leadership program has 12 levels, the levels are arranged from bottom to top:
12th level 200000 units 32.0 credit bonuses
11th level 100000 units 31.0 credit bonuses
10th level 500000 units 29.5 credit bonuses
9th level 25000 units 27.5 credit bonuses
8th level 10000 units 25.0 credit bonuses
7th level 5000 units 22.5 credit bonuses
6th level 2500 units 20.0 credit bonuses
5th level 1000 units 17.5 credit bonuses
4th level 500 units 15.0 credit bonuses
3rd level 250 units 12.5 credit bonuses
2nd level 100 units 10.0 credit bonuses
1st level 7.5 credit bonuses
Example: The Order of the buyer is at the first level of Leadership program:
3500/500 = 7.0 units * 7.5 = 52.50 credit bonuses
Sale, storage and gold delivery
The Holder of the order has a right:
1. To sell gold bars back to the Company at a purchase price of the present day.
2. To leave the bought gold bars for safekeeping in a certified depository.
3. To receive the bought gold bars by the insured mail or to receive them from the depository.
The buyer pays all delivery costs of gold bars.
Delivery cost is defined by postal service. Approximate cost of delivery: across Germany – 10.00€, within the European Union – 35.00€, outside of the EU - 45.00€.
In those countries where there are VAT and import taxes on precious metals, the Buyer takes responsibility for the Order delivery himself.
The safekeeping fee for the gold in the certified depository is 1.2 % per year or 0.1% per month of the value of the Buyer’s gold bars.
Safekeeping fee undertakes the first day of every month for the gold bars stockpiled in the depository on this day.
1 gram gold bars, bought at Coupon-order payment, are stored free of charge till the first bonus reward.
The right to cancel the Order
The Buyer making an Order under Goldex program, has a right to cancel the Order without giving reasons within 2 weeks after placing an Order online. Cancellation is made via e-mail.
After this term, if the Order of the owner is still at the first level of the Preliminary table or at the first level of the first cycle of the Main table, the company buys an investment gold bars for the sum of the prepayment and sends it to the Buyer.
The Buyer has a right to sell bars back to the company or to leave them for safekeeping.
The Buyer pays the storage and the delivery expenses.
At any stage of the Order the Holder of the order has a right to make additional payment to the full amount of the Order and to receive an investment gold.
In all other cases of the Order cancellation the Buyer has to pay the order processing fee.
Date of the Order cancellation
Date of the order cancellation is estimated from the day when the Buyer placed an Order in the EMGOLDEX Internet – shop.
The Buyer takes responsibility himself for the tax payments from the incomes of participation in the Goldex program.
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