«REFER A FRIEND» PROGRAM

This document (hereinafter – Terms) delineates the Terms and Conditions under which participants may partake in the  Refer a friend program (referred to as the "Program"), facilitated by Lonvest Platform d.o.o,, a company duly incorporated under the laws of the Republic of Croatia (Company ID: 081501022), with its registered office at Zagreb, Lovinčiieva ulica 3  Croatia (hereinafter “Lonvest” or the “Company”).

Your participation in the Program constitutes an irrevocable acceptance of the stipulations contained within this Terms. It is incumbent upon you to review this Terms in its entirety prior to engaging in the Program.

1. GENERAL TERMS AND CONDITIONS

1.1."Participation" refers to a User’s/New User’s active involvement in the Program by meeting the eligibility criteria and complying with the terms and conditions outlined in this Terms.

1.2. "User" shall mean a private individual or a legal entity who has created the User Account on the Platform and entered at least in one electronic agreement with Lonvest.

1.3. "User’s Account" - personal profile of Lonvest`s User, that a User/New User creates in order to access and use Lonvest platform services.

1.4."Platform (or Lonvest)" means Lonvest platform located at lonvest.com, its affiliates or partners and services which this Platform provides. Lonvest is operated by Lonvest Platform d.o.o., a limited liability company registered in the Republic of Croatia under registry code: 081501022.

1.5. "Investment" refers to the allocation of funds by the User/New User through the Lonvest platform for the purpose of earning returns or profit.

1.6. Invite Link – Unique link or code made available for User’s at User’s account designated strictly for the Program, considering that Lonest unilaterally determines the link/code under which the relevant registration was made and whether certain user of Lonvest qualified for any payments from Lonvest.

1.7. New User – Natural or legal person registered on the Platform on basis of User’s sent Invite Link.

2. TERMS OF PARTICIPATION

2.1. Eligibility Criteria for the User: to qualify for participation in the Program, the User is required

• to undergo registration on the Lonvest Platform and conclude the Know Your Customer (KYC) protocols in accordance with regulatory standards;
• to send Invite Link to any of his friends/ acquaintances, who was not registrated  on the Platform yet

2.2. Eligibility Criteria for the New User:

• to undergo registration on the  Lonvest Platform and conclude the Know Your Customer (KYC) protocols in accordance with regulatory standards by using an Invite Link
• to make at least one Investment during the first 30 days from the date of the registration on the  Lonvest Platform by using an Invite Link

2.3. Cashback Terms:

Users will receive a cashback of 1% of the total investment amount made by the New User within 30 days from the date of New User’s registration.

New User will receive a cashback of 1% of the total investment amount made by the New User within 30 days from the date of New User’s registration.

2.4. Additional Cashback Eligibility Conditions:

• Minimum Investment Duration
  Cashback will only be granted to both the User and the New User if the New User's investment remains active for at least 30 calendar days from the initial funding date.
• Cashback Amount: The cashback will be calculated at a rate of 1% of the total investments made by the New User on the Platform within 30 days from the date of his registration. The cashback quantum is contingent on the prevailing policies at the time of the investment and is subject to change.
• Cashback Limit
  The maximum cashback amount is capped at €1000, applying equally to both the User and New User, regardless of the total investment amount.

2.5. Cashback Payout: Cashback shall be accredited to the  User’s account within thirty (30) business days, subsequent to the successful execution of the investment made by the New User.

2.6. Time Limit: Users/New User’s оf the promotion are eligible for cashback only on investments made within the initial 30 days following registration of the New User.

3.RIGHTS AND OBLIGATIONS OF THE USER\NEW USER

3.1. Compliance: The User/New User’s shall comply with all terms and conditions of this Terms and must act in accordance with the applicable laws, rules, and regulations.

3.2. Accurate Information: The User/New User’s is obligated to provide truthful, accurate, and complete information during registration and must maintain the accuracy of such information during the term of this Terms.

3.3. Prohibited Conduct: The User/New User’s shall not engage in any illegal, fraudulent, or harmful conduct in relation to the Program. This includes, but is not limited to, tampering with the operation of the Program, engaging in deceptive practices, or attempting to undermine the legitimate operation of the Program. The Users are also prohibited: to post Invite Link on websites that provide erotic, pornographic and indecent content; to use the Invite Link which Lonvest qualifies as unfair commercial practice at its own discretion; 2.2.3. to post Invite Link on websites that involve any kind of gambling and / or betting activities; 2.2.4. to post Invite Link on websites that involve download and / or upload of illegal content; 2.2.5. to use automated systems such as scripts, browser extensions, dialers or bots to distribute Invite Links.

3.4. Reporting Obligations: The User/New User must promptly notify Lonvest of any unauthorized use of their account or any breach of security.

3.5. Limitations on Use: The User/New User may not use the Program for any purpose other than as expressly provided for in this Terms. The User/New User may not transfer, sublicense, or assign any rights under this Terms without the prior written consent of Lonvest.

3.6. Right to Withdraw: The User/New User has the right to withdraw from the Program at any time. However, the withdrawal may be subject to the terms and conditions of this Terms.

3.7. Right to Information: The User/New User has the right to request information on how their data is used and to request correction or deletion of their data in accordance with applicable data protection laws.

3.8. Participant Obligations: Participants covenant to abide by all statutes, regulations, and policies of Lonvest that are germane to the Program.

3.9. Inalienability: Cashback conferred under these Program is inalienable and non-assignable.

3.10. Exclusion: Lonvest reserves the right to exclude any participant, at its sole discretion, who is found to have contravened this Terms or engaged in deceitful or fraudulent activities.

4. LIABILITY

4.1. Liability of Lonvest: Lonvest shall not be liable for any indirect, incidental, consequential, or special damages arising out of or in connection with this Terms, including but not limited to damages for loss of profits, use, data or other intangibles. Lonvest's total cumulative liability in connection with this Terms and the Program shall not exceed the amount of cashback received by the User/New User.

4.2. User’s/New User’s Liability: The User/New User shall be responsible for all actions taken under their account and shall indemnify and hold harmless Lonvest, its officers, directors, and employees from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of the User’s/New User’s breach of this Terms or the User’s/New User’s violation of any law or the rights of a third party.

4.3. Force Majeure: Neither party shall be liable for any failure or delay in performing its obligations under this Terms to the extent that this failure or delay is the result of any cause or circumstance beyond the reasonable control of that party, including but not limited to acts of God, war, acts of terrorism, earthquake, flood, embargo, riot, sabotage, labor shortage or dispute, governmental act, or failure of the internet.

4.4. Disclaimer: The Program is provided on an 'as is' and 'as available' basis. Lonvest makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, non-infringement of intellectual property, or other violation of rights."

4.5. Limitation Period: No action, regardless of form, arising out of the transactions under this Terms, may be brought by either party more than one (1) year after the cause of action has occurred, or was discovered to have occurred, except that an action for infringement of intellectual property rights may be brought within the maximum applicable statutory period.

4.6. Governing Law and Venue: This Terms is governed by the laws of the Croatia Republic. Any disputes arising out of or in relation to this Terms shall be adjudicated exclusively by the courts of Zagreb, Croatia Republic.

5. PERSONAL DATA OF THE USER/NEW USER

5.1. Collection and Use: Lonvest shall collect and use the User’s/New User’s personal data only for the purposes necessary for the provision of the Program and as detailed in Lonvest’s Privacy Policy.

5.2. Data Protection: Lonvest shall take reasonable measures to protect the security and confidentiality of the User’s/New User’s personal data in compliance with applicable data protection laws.

5.3. User’s/New User’s Rights: The User/New User has the right to access, rectify, erase, and restrict the processing of their personal data. The User/New User also has the right to object to the processing and to portability of their data.

5.4. Data Retention: Lonvest shall retain the User’s/New User’s personal data only for as long as necessary for the purposes for which the data was collected, or as required by law.

6. TERMINATION OF THE TERMS

6.1. By the User/New User: The User/New User may terminate this Terms at any time by discontinuing use of the Program and notifying Lonvest in writing.

6.2. By Lonvest: Lonvest may terminate this Terms at its sole discretion at any time, with or without cause, and with notice to the User/New User through the publication on the website https://lonvest.com/

6.3. Effects of Termination: Upon termination of this Terms, the User/New User shall immediately cease all use of the Program and any cashback not yet credited shall be forfeited. Any obligations or liabilities incurred prior to the termination date shall survive the termination of this Terms for all purposes.

6.4. Survival: The provisions of this Terms that by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

7. AMENDMENTS AND NOTICE

7.1. All notices, requests, consents, claims, demands, waivers, and other communications hereunder (each, a "Notice") must be in writing and addressed to the parties via email. The email addresses for such communications shall be the email address associated with the User’s account for communications to the User/New User’s, and the designated email address provided by Lonvest for communications to Lonvest

7.2. Receipt of Notice: A Notice is effective only upon receipt by the receiving party’s email inbox. The User/New User is responsible for ensuring that their email address on record with Lonvest is current and functional.

7.3. Amendment Procedure: Lonvest reserves the right, at its sole discretion, to change, modify, add or remove portions of these Terms, at any time. It is the User's/New User’s responsibility to check these Terms periodically for changes.

7.4. The continued use of the Program following the posting of changes will mean that the User/New User accepts and agrees to the changes.

7.5. Notification of Amendments: Lonvest shall make reasonable efforts to notify the User/New User of any material changes to these Terms, such as through email notifications or through notices posted on the Lonvest Platform.

7.6. Acceptance of Amendments: The User's/New User’s continued participation in the Program after any amendment to this Terms shall signify the User's/New User’s acceptance thereof.

BY PARTICIPATING IN THE «REFER A FRIEND» PROGRAM

PROGRAM, YOU AFFIRM THAT YOU HAVE EXAMINED, COMPREHENDED, AND CONSENTED TO THE TERMS AND CONDITIONS EMBODIED HEREIN