PeerBerry Invite a Friend Program Terms and Conditions

1. Terms used in capital letters in these Invite a Friend Terms and Conditions have the same meaning as the terms used in the General Terms and Conditions of the Platform User Agreement https://peerberry.com/user-agreement/, unless the Invite a Friend Terms and Conditions state otherwise.

2. The Invite a Friend Program is valid from April 21, 2020 to December 31, 2020. 

3. Any PeerBerry User has the right to participate in the Invite a Friend Program during the time frame indicated in Clause 2, if the PeerBerry generated unique Promo Code or link is available on the User’s Account on PeerBerry.

4. PeerBerry Promo Code can be used only according to Invite a Fried Program Terms and Conditions. The User is prohibited from using it in any other way that may qualify as an unfair commercial practice, e.g. paid promotions including online advertising, public distribution and sharing on any websites, forums, public groups on social media, emailing, texting or messaging people you do not know etc. The PeerBerry generated Promo Code is unique for each User and User is prohibited from modifying the Promo Code. If the User has any questions or doubts as to whether his/her activities comply with the Terms and Conditions of the Invite a Friend Program, the User is obliged to send an inquiry to info@peerberry.com.

5. All referrals must be new investors to PeerBerry and cannot have an existing PeerBerry account. Users are not allowed to refer themselves. If a User creates an account for the primary purpose of collecting the referral Rewards or in other way breach the Terms and Conditions of the Invite a Friend program, he/she will be disqualified from the PeerBerry Invite a Friend Program and will not receive the Reward.

6. If PeerBerry notices a breach of the Invite a Friend Program Terms and Conditions and notifies the User, the User has an obligation to immediately stop his/her participation in the Invite a Friend Program.

7. The User and ​the referred party each receive a Reward based on the balance of all outstanding principal amounts of Loans and/or Invoices held by the referred party on the thirtieth (30) day after registration. The Reward is paid in EUR, in one (1) installment within 10 working days after the 30 days period after registration has ended, if all conditions and preconditions for the Reward set in Clause 9 have been fulfilled.

8. The Reward shall be calculated after 30 days from the registration date of the respective referred party as follows:

8.1. For the referred party’s investment balance of EUR 500 to EUR 999.99 , The User and the referred party both get a EUR 10 Reward;

8.2. For the referred party’s investment balance of EUR 1 000 to EUR 2 499.99, The User and the referred party both get a EUR 20 Reward;

8.3. For the referred party’s investment balance of EUR 2 500 to EUR 4 999.99, The User and the referred party both get a EUR 30 Reward;

8.4. For the referred party’s investment balance of EUR 5000 to EUR 9 999.99, The User and the referred party both get a EUR 60 Reward;

8.5. For the referred party’s investment balance of EUR 10 000 and more, The User and the referred party both get a Reward of 1% of the total of the outstanding investment amount. The Reward of EUR 1 000 is maximum Reward of the Invite a Friend Program per one referral.

9. For the User and the referred party to receive the Reward, the following preconditions must be fulfilled:

9.1. The User has the right to participate in the Invite a Friend Program and the meets the Terms and Conditions of the Invite a Friend Program;  

9.2. The User must be registered on PeerBerry platform;

9.3. the User and the referred party are different people.

9.4. The referred party is a natural person who is at least 18 years old;

9.5. The referred party must be newly registered client on PeerBerry platform. By registering on the platform, the referred party have to indicate the Promo Code in the “Referral Code” field within the timeframe indicated in Clause 2;

10. PeerBerry pays the User and the referred party the Reward, if all conditions and preconditions for the Reward set in these Terms and Conditions have been fulfilled, within 10 working days after 30 days after the registration of referred party has passed by depositing electronic funds equivalent to the Reward into the Virtual Account of the User and the respective referred party.

11. The Reward shall include all applicable taxes for participation in the Invite a Friend Program and respective taxes (if applicable) shall be covered by the User and/or the referred party.

12. The User may refer an unlimited number of referred parties and receive the Reward for each referred party fulfilling the preconditions set in these Terms and Conditions.

13. Legal relations arising from the Invite a Friend Program shall be governed by the Terms and Conditions of the Invite a Friend Program that have been published on the PeerBerry at the moment when the referred party submitted the Registration Application indicating the Promo Code in the “Referral Code” field.

14. PeerBerry has the right to end or change the present Terms and Conditions of the Invite a Friend Program unilaterally and without individually notifying the User and referred parties.