(Please read carefully)
Terms used but not defined herein shall have the meanings as described in OLE ELITE “100” CLUB Definition of Terms.
1) I am competent and of legal age to enter into binding agreements with OLE ELITE “100” CLUB under the jurisdiction of US Law.
2) I understand that as a Club Member, I am not an agent, employee, legal representative, partner or franchisee of OLE ELITE “100” CLUB or of OLE ELITE CLUB. I further understand and agree that I will not be treated as an employee for federal or state tax purposes, nor for purposes of the Federal Unemployment Tax Act, the Federal Insurance Contributions Act, the Social Security Act, or any state unemployment acts, state employment security acts or state workers compensation acts or any state laws applicable to employees. I agree to pay all applicable federal and state income taxes, self-employment taxes, sales taxes, local taxes and/or local license fees that may become due as a result of my activities under this Agreement.
3) I understand that in order to become an OLE ELITE “100” CLUB member, I need to have a registered business in US or in other countries, and I will need to provide the EIN or CPN (Credit Profile Number) to OLE ELITE “100” CLUB.
4) I understand that after the 3-month probationary period, through the revenue generated commissions I have earned of $100.00, I will be accepted into the OLE ELITE 100 Club under its member terms and conditions including its probationary period.
5) I understand once I enter into the OLE ELITE 100 CLUB, I will be required to accept the terms and conditions of OLE ELITE 100 CLUB which will be located in my back office and available to sign and accept once I have received and maintained my revenue generated commissions of $100.00 in my back office, which will be used with my consent, to pay my entry fee of $100.00 to promote myself into OLE ELITE 100 CLUB.
6) I understand that the acceptance of this Agreement by OLE ELITE “100” CLUB does not constitute the sale of a franchise or a business opportunity under state or federal law and there are no exclusive territories granted to anyone. I also understand that I am not acquiring any interest in a security.
7) I understand that my success as a Sponsoring Club Member is dependent upon my own efforts and skills and continuing to pay or generate required monthly dues. I do not anticipate receiving income as a result of the efforts of any individual or entity other than myself.
8) I understand that OLE ELITE “100” CLUB will not be responsible for the loss of any points and/or bonuses because of errors or delays in completing my personal volume requirements and other requirements.
9) Upon notifications to its Club Members in an official publication of OLE ELITE “100” CLUB or in a written document from OLE ELITE “100” CLUB sent to me by electronic mail or text messages or alerts or by some other means authorized by OLE ELITE “100” CLUB, OLE ELITE “100” CLUB may, at its discretion, unilaterally and prospectively amend this agreement, the OLE ELITE “100” CLUB Rewards Program, the Statement of Policies, guidelines, programs and offers with or from OLE ELITE “100” CLUB (Collectively referred to herein as the “OLE ELITE “100” CLUB Agreements”). I agree to abide by any and all such amendments and that my only remedy for not accepting any such amendments is to immediately terminate this agreement. The continuation of my OLE ELITE “100” CLUB business or my acceptance of commissions and/or bonuses or other payments from OLE ELITE “100” CLUB constitutes my acceptance of any such amendments. I agree that OLE ELITE “100” CLUB’s interpretation of the OLE ELITE “100 CLUB Agreements will be final and binding.
10) My violation of any of the terms of the OLE ELITE “100” CLUB Agreements, Terms and Conditions, Compliance regulations and/or of the law in the course of my business activities may result at OLE ELITE “100” CLUB’s discretion, in forfeiture of commissions and bonuses or other payments from OLE ELITE “100” CLUB on all or part of my Marketing Organization, cancellation of this Agreement or other corrective action as specified in the Statement of Policies. If this Agreement is cancelled or terminated at any time for any reason I understand that I will permanently lose all rights as a Sponsoring Club Member, and agree to waive all rights and claims to my Marketing Organization and to all points and bonuses.
11) I understand that I may cancel my OLE ELITE “100” CLUB Membership anytime. I understand that I will qualify for a refund of my activation fee if I cancel my account within 3 calendar days (72 calendar hours) of OLE ELITE “100” CLUB processing my payment for my membership fee of $100.00. I understand that any OLE ELITE “100” CLUB services and products purchased are non-refundable.
12) I understand that as a new OLE ELITE “100” CLUB member, I will be in a probation period for the first 90 days, starting from the processing of my initial membership payment of $100.00, and that should I fail to have 4 members in my first level within 30 days of origination of my membership, my membership will be cancelled, and I will be entitled to a full refund minus any or all rewards, points and bonuses awarded to me and any or all services I purchased as a member.
13) I consent to OLE ELITE “100” CLUB and its affiliates or partners sending email messages, text messages, or notifying me by telephone or facsimile regarding services, products, business opportunity and other topics the OLE ELITE “100” CLUB considers may be of interest or benefit to me. Standard messaging rates apply for text messages. Please consult your mobile service carriers’ pricing plan to determine the charges for sending and receiving text messages.
14) I understand and consent to being approached to appear in OLE ELITE “100″ CLUB’s publishing in any of its official material, whether print, audio or video, my name, photograph, city and state of residence, the amount of commissions, bonuses, recognitions and prizes paid or awarded to me. I understand that if I chose to appear, under my own will and agreement, in any of its official material, whether print, audio or video, my name, photograph, city and state of residence, the amount of commissions, bonuses, recognitions and prizes paid or awarded to me, I will be required to agree to the terms of the consent form presented to you by an authorized OLE ELITE 100 CLUB employed representative and/or an OLE ELITE “100” CLUB employed representative and I will be required to sign and date the consent form, per each appearance.
15) I may not assign my rights or delegate my duties under this agreement to any person or entity without the written consent of OLE ELITE “100” CLUB executive management.
16) I agree to hold harmless, indemnify, and release OLE ELITE “100” CLUB, OLE ELITE CLUB, it’s subsidies, it’s shareholders, officers, directors, employees and agents from and against, and hereby waive (a) claim or any claims and liabilities arising from or relating to the operation or promotion of my OLE ELITE “100” CLUB business, and (b) any claims I may have for consequential, special or exemplary damages against OLE ELITE “100”CLUB, OLE ELITE CLUB for any reason whatsoever.
17) As OLE ELITE “100” CLUB MEMBER, I will maintain a monthly minimum balance of $100.00 US Dollars.
18) I understand that once I have generated commissions I will be able to request cash out once a week by Friday midnight and the funds will be release by Wednesday, as early as Monday.
19) I ACKNOWLEDGE THAT I HAVE HAD THE OPPORTUNITY TO HAVE THIS AGREEMENT REVEIWED BY A LEGAL COUNSEL. STRICTLY NO SOCIAL MEDIA NETWORKING WILL BE ALLOWED. MEMBERSHIP IS BY INVITATION ONLY.
20) I understand that upon accepting the OLE ELITE “100” CLUB membership, regardless of the type of membership, I am bound by the terms and conditions of this Agreement. That my membership comes with an online checking account and a debit card that are bound by, regulated and monitored under the Federal AND State agencies and other governing and monitoring bodies and I agree to abide by all the laws, regulations, acts, guidelines and rules set by these governing agencies.
21) I understand that as an OLE ELITE 100 CLUB Sponsoring Member I must satisfy and fulfill all requirements stated in the OLE ELITE “100” CLUB reward program to receive any or all commissions and bonuses due me. I understand that it is my full responsibility to monitor, manage and organize my required monthly transactions and members for the purposes of qualifying for my rewards, bonuses and promotions.
22) I understand that should I earn rewards and/or be compensated in excess of $599.00 US Dollars within one calendar year, starting on January 1st and ending on December 31st, that I will be required by United States Tax Code and the Internal Revenue Service to report my earnings and that OLE ELITE “100” CLUB will be issuing the appropriate tax documentation to all Independent Marketing Executives and I will be required to provide to OLE ELITE “100” CLUB, government issued identification for the purposes of accounting compliance and regulation set forth by the United States government and Internal Revenue Service.