General terms and conditions for participation in Ilgargold marketing program
The following terms and conditions represent the agreement between the ILGARGOLD company and the Buyer, the Holder of the order to participate in the ILGARGOLD advertising-marketing program.
Acceptance of the given Agreement gives possibility:
- For every Buyer, Holder of the order – to participate in the Ilgargold marketing program and to receive a payment from the ILGARGOLD company for the successful advertising of goods and services provided in the Internet-shop;
- For the ILGARGOLD 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, including the Order processing fee of 6%.
- To pay the cost of a Coupon-order.
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.
1) The Coupon-order cost for the 1st table of orders is 120.00€, including the Internet service subscription fee of 20.00€.
2) The Coupon-order cost for the 2nd table of orders is 150.00€, including the Internet service subscription fee of 20.00€.
3) The Coupon-order cost for the 3rd table of orders is 550.00€, including the Internet service subscription fee of 50.00€ for two cycles on the main table.
In the Ilgargold program the Buyer has the right to issue only one Order in the Internet – shop for the purchase of investment gold. After execution of an order, the Buyer may issue a new order or prolong a previous one.
Business-model of the Ilgargold marketing program::
Marketing program Ilgargold is designed to assist 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 attracting 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 investment gold bars on account of the execution of customer orders.
Business-model of marketing program Ilgargold consists of three tables of orders:
1. 1st table of orders.
2. 2nd table of orders.
3. 3rd table of orders.
The 1st table of orders is designed to pass the buyer’s order to the 2nd table of orders.
The 2nd and 3rd table of orders are designed to earn 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 value of 120,00 € are placed on the 1st table of orders.
Orders with a value of 150,00 € are placed on the 2nd table of orders.
Orders with a value of 550,00 € are placed on the 3rd table of orders.
Concept of operation of the table of orders
The 1st table of orders consists of three levels, which include 7 orders.
The 2nd and 3rd table orders consist of four levels, which include 15 orders. The levels are arranged from top to bottom. Placement of 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, after the first level is once again filled with 8 orders, the Order of the buyer passes to the 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 2nd table – to the 1st cycle of the 3rd table; later the 3rd table.
- From the 3rd 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. Hereby 1 credit bonus equals to 1 Euro.
1st table of orders
The 1st table of orders is designed to pass the buyer’s order to the 2nd table of orders. The 1st table is filled automatically in process of receipt of new orders for the 1st table of orders.
For the passage of the 1st 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 1st table, like for the 2nd and 3rd table – Orders will be taken into account further at a passage of the Order to the 2nd and 3rd table.
2nd table of orders
The purpose of the 2nd table of orders is to advance the Order to the 3rd table of orders.
The 2nd table is filled automatically in process of receipt of new orders for the 2nd table of orders. For the passage of the 2nd table the Owner of the order has to attraction one new order. The owner of the order can attract new Orders, both for the 2nd table, like for the 3rd table – The Orders will be taken into account further at the passage of the Order to the 3rd table.
When the Order has passed to the 2nd table of orders, bonus compensation is issued to the buyer at a rate of 1040 credit bonuses from which 63 credit bonuses (6%) is subtracted as a fee for processing the Order, 540 credit bonuses go for transition of the Order of the buyer to the 3rd table of orders.
Investment gold is bought using the remaining sum. The Owner of the order may obtain the gold or sell it back to the Company.
Conditions and procedures for calculation of the credit bonuses for the 3rd 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 3rd table of orders. These involved orders will be considered at all subsequent cycles.
If this condition is fulfilled 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 210 credit bonuses (6 %) as a fee for order processing is subtracted. For the remained 3290 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 550 credit bonuses. Participation of the Buyer in marketing program Ilgargold proceeds, earlier involved orders are considered at the subsequent charge of credit bonuses.
Special conditions for charging of credit bonuses on the 3rd table of orders
Special conditions of charging of credit bonuses operate in case the Buyer hasn’t involved two new Orders on the 3rd table, being at the first or second level of the first cycle of the 3rd table.
Credit bonuses are charged to the order of the Buyer 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 3rd 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 3rd table, do not grant the right to the Order of the buyer for reception of compensation. This cycle is not 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 fulfilled. 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 3rd table, the Order obtains a reward according to its position on the 3rd table in this cycle.
In the second cycle of the 3rd 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 maximum compensation is not charged to the order of the buyer after two cycles on the 3rd 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.
If the Order of the customer passed two cycles on the 3rd table and the customer did not include any or included only one new buyer then gold will be purchased for the 500 euro prepayment and the Order exits from the marketing program. The sponsor, recommender loses one qualified unit. If the customer wishes to participate again in the marketing program it is possible to submit a new Order, purchase gold for 7000 Euro or submit a prepayment in the sum of 500 Euro + 50 Euro or 130 Euro + 20 Euro. This main condition is also applicable for the 2nd table.
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 given day.
2. To leave the bought gold bars for safekeeping in a certified depository.
3. To receive the bought gold bars by insured mail or to receive them directly from the depository.
The buyer pays all delivery costs of gold bars.
Delivery cost is defined by postal service.
In those countries where VAT and import taxes apply to 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 is calculated on the first day of every month for the gold bars stocked in the depository on this day.
1 gram gold bars, bought by Coupon-order payment, are stored free of charge until the first bonus reward.
The right to cancel the Order
The Buyer making an Order under Ilgargold 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 on the first level of the 2nd table or on the first level of the first cycle of the 3rd table, the company buys investment gold bars for the sum of the prepayment and sends them 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.
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 calculated from the day when the Buyer placed the Order in the Ilgargold Internet–shop.
The Buyer takes responsibility for the tax payments from the income received from participation in the Ilgargold program.