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GENERAL TERMS AND CONDITIONS

SECTION: 2

MIRROR TRADING INTERNATIONAL (PTY) LTD 

GENERAL TERMS AND CONDITIONS

 

  1. Introduction
  1. This document covers the full set of Mirror Trading International (Pty) Ltd , (hereinafter referred to as MTI) Terms and Conditions which any member or proxy of any entity agrees to and agrees to abide by through their action of registering on the MTI website and/or makes use of any MTI services. All such members are required to make themselves familiar with these Terms and Conditions. 
  1. Terms and Conditions

Your access to and use of this website (and any and all related software utilized to support this website) shall be governed by the following terms and conditions of Mirror Trading International (Pty) Limited (hereinafter referred to as “MTI”).

By yourself accessing and using the MTI website and/or yourself making use of any services offered by MTI, or yourself making use of any services offered through using a proxy, you agree to comply with and be irrevocably bound by the terms and conditions herein below, in order to utilize this website and engage in the services of MTI and or its service providers.

This website provides all necessary information with regards to operating the Member Account Dashboard, as well as details of the MTI Bonus Plan for the additional Referrals Option.

To make use of MTI services, you will need to register and open your account on this website (“account”).

You will be required to fund your account with a recommended amount $100 (one hundred USD) value in bitcoin within seven (7) days from the date and time of your registration. Failure to do so will result in your account being deleted. You will be permitted to re-register again at a later stage but will then be allocated a different position.

By opening an account on this website, you confirm that you irrevocably agree to and are bound by the terms and conditions of MTI as set out herein below. 

  1. Account Eligibility

You must: 

  1. As an individual, be at least 18 (EIGHTEEN) years of age and capable of entering a legally binding contract and, you must have a valid email address.

If you are a minor:

  1. You may not be a member of MTI unless you have reached the legal age your country prescribes in order to enter into a legal contract and act without the assistance of your legal guardian. In South Africa that age is 18 and may differ from country to country. Your legal registration with MTI will be governed by the laws of your applicable country under which authority you reside.
  2. If you are under the age of 18 (EIGHTEEN) your legal guardian my open an account in your personal name and as your legal guardian manage your account on your behalf. Your legal guardian will be liable for and bound by the terms and conditions of MTI in their representing capacity as legal guardian.
  3. The legal guardian must ensure that the minor do not access the account without the presence and assistance of the legal guardian who will have full account control and access rights until the minor becomes of age.
  4. When the minor become of age, he/she may apply to MTI in order to provide him/her with full access to his/her account by submitting the necessary proof as required by MTI. The newly qualified member will then be bound by the terms and conditions in his/her personal capacity.
  1. If using a proxy, your proxy must be at least 18 (EIGHTEEN) years of age and capable of entering a legally binding contract and have a duly signed proxy not older than 3 months.
  2. Agree that if you are a registered company, trust, partnership or any other legal entity which is duly registered under the applicable laws of the country in which the aforesaid entity conducts business, and/or is domiciled, and the person opening the account on behalf of the legal entity confirms their proxy by written declaration/resolution/letter of authority from the entity, that he/she is the duly authorised representative for and on behalf of the legal entity. Through registering on the MTI website, accessing and making use of services offered, that person or proxy will legally bind the represented entity to the MTI terms and conditions as set out herein. Any dispute regarding such authority to represent, shall have no effect on the legality or existence of the contractual relationship between MTI and the entity. MTI reserves the right to request the relevant resolution or Letter of Authority at any time. If the required documentation cannot be presented on request within a reasonable time, MTI reserves the right to suspend the members account until the required documents is presented.
  3. Be sponsored by an existing MTI member (“sponsor”).
  4. Be responsible for your own taxes on any proceeds and the declaration thereof with your relevant tax authority. MTI does not deduct or withhold any taxes on your behalf, nor will any reporting tax related responsibilities vest in MTI.
  5. Have a valid identity document and/or certificate of incorporation/registration if you are a registered legal entity, to be eligible for a MTI member’s account.
  6. Take responsibility for maintaining and protecting the confidentiality and safekeeping of your login details, which consist of your email address and password. MTI takes no responsibility for any unauthorized access to or use of your account. In the event of a security breach on MTI’s end, MTI shall notify you as soon as practically possible, in line with the provisions of the GDPR as well as the Protection of Personal Information (POPI) Act, 4 of 2013, Republic of South Africa.
  1.  Disclaimer of Warranties 

You understand and acknowledge that:

  1. Neither MTI nor its business partners is responsible for any loss or damage of whatever nature and cannot be held liable for the website being temporarily unavailable due to technical issues and or maintenance beyond MTI’s reasonable control.
  2. MTI cannot provide any guarantees as to the performance, accuracy, timeliness, completeness or suitability of the information (which may contain outdated information, inaccuracies or errors) and services found or offered on this website for any particular purpose, and MTI expressly excludes any liability for such to the fullest extent permissible by law.
  3. Information provided by MTI, including but not limited to statements, trade results and advertisements, are purely for informational purposes and by no means intended to serve as financial or investment advice, or forecasts of future performance.
  4. Your use of any information or services on this website is entirely at your own risk, for which MTI or its business partners cannot be held liable in any manner.
  5. You are responsible for ensuring that any product, services or information available through this website meet your specific needs and requirements.
  6. This website may include links to other third-party websites which are not controlled by MTI, which are provided for your convenience and further information, and which you access the same at your own risk.
  7. Any and all conversations, video’s, links, documents and other information obtained directly or indirectly through the use of the MTI web site, including but not limited to any of its affiliate pages, social media links or other electronic communications, are purely for informational purposes, and shall by no means be construed as constituting financial or investment advice.
  8. MTI and its officers cannot be held liable in any manner for any consequential damages that you may occur as a member or that may be incurred by the the entity that you represent as a proxy.
  1. Copyright

You acknowledge and agree that the MTI website contains confidential information that is protected by COPYRIGHT © and a range of intellectual property laws in South Africa and world-wide.  MTI reserves all copyright rights worldwide. 

  1. MTI’s Exclusive Rights 
  1. You are permitted to use the MTI website provided that you do not (and do not allow any third party to):
  1. Copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, meta-data, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in this website in any manner or form;
  2. Use modified versions of this website, including (without limitation) for the purpose of obtaining unauthorized access to the website; or
  3. Access the website by any means, other than through the interface that is provided by MTI for use in accessing the website.
  1. You authorize MTI to use your name, photograph, personal story and/or likeness in advertising or promotional materials and waive all claims for remuneration for such use. Should you wish to opt-out of marketing-specific communications, you will be provided with a link to exercise such option in the relevant communications.
  2. You permit MTI to contact you via email or text messaging for reasons including, but not limited to, MTI announcements, bonus programs and promotions, changes in policy, etc.
  3. MTI reserves the right to manage the referral bonus of any account with a balance of less than $100 (one hundred USD) worth of bitcoin in value.
  4. MTI reserves the right, for security reasons and for the protection of the website and its members, to block withdrawals from a members account for a period of seven (7) calendar days should any password, email address, 2FA or Bitcoin Withdrawal Address be changed.
  5. MTI reserves the right to withhold, deduct or collect from any portion of your or any accomplices bitcoins any amounts received or qualified for through the misuse or abuse of the Bonus Plan by means of schemes or unethical  behaviour conducted by yourself or with the assistance or collusion of other parties.
  6. If the Balance in a member’s trading account falls below $100 (one hundred USD) worth of Bitcoin the allocation of the 10% referral bonus they receive after the normal (7) seven calendar day waiting period, will be as follows: 
  1. 50% will be automatically allocated to the trading pool, and
  2. 50% will be allocated to the available income wallet.
  3. This automatic allocation will continue until the members trading pool balance is equal or above $100 (one hundred USD) worth of Bitcoin. 

The moment your account balance reach $100 (one hundred USD) worth of Bitcoin, the normal allocation rules will be applied.

  1. Member and customer lists and names are owned by MTI and may never be used for any commercial or business purpose without the prior written consent of MTI, its directors and officers. 
  1. Indemnity 
  1. You indemnify and release MTI from and against all claims, suits, demands, actions, liabilities, costs and expenses (including reasonable legal costs and expenses awarded by any competent court or tribunal) resulting from your access to and/or use of this website, or breach of any terms and conditions you agree to; prior to accessing this website, in the proportion that represents the extent to which the claim, suit, demand, action, liability, cost or expense is caused by your negligent or wrongful acts or omissions.
  2. You understand that failure to comply with the above MTI terms and conditions and policies and procedures herein may result in the termination of the agreement, which could result in MTI suspending your member status.
  3. You understand that any payments due to you may be delayed until final resolution has been achieved.
  4. You acknowledge that in the event of your violation of this agreement and/or MTI’s terms and conditions and/or policies and procedures, your member rights may be terminated without further bonuses or payments of any kind, which will be forfeited to MTI.
  5. You agree that you indemnify and hold MTI, its directors, officers or employees harmless from any and all claims, damages or expenses (including legal fees) that may arise from your actions or conduct in violation or contravention of this agreement.
  6. You acknowledge MTI’s Bonus Program is based on current products and is subject to change without prior notice, especially given fluctuating markets and trades beyond the control of MTI. 
  1. Regulatory and Policy
    1. MTI requires of all members that they will act in a manner that is in line with and abides by all regulatory, policy and legal requirements. 
    2. Should any member become aware of or receive any form of regulatory or policy or legal communication in any communication medium, the information should be forwarded directly to the CEO of MTI care of MTI support and clearly marked for the personal attention of the CEO.
    3. Should clause 8.2 above occur, no member should circulate or send such information or communications in their possesion to any other members other than to the MTI CEO, as required by clause 8.2.
    4. Transgression of this term and condition of MTI membership can result in MTI cancelling a members membership, after which MTI would zero the members MTI account and send the members Bitcoin to the member.
    5. Should clause 8.4 occur and a members membership be terminated, that person will not be able to join MTI again. 
  2. Limitation of liability 

Neither party is liable to the other for any consequential or indirect loss including, but not limited to, loss of profit, loss of data, lost opportunity cost, loss of enjoyment. 

  1. Transferring your Account 

No account shall be ceded or assigned to any third party, due to the risk of cybercrimes. Despite any other terms and conditions contained herein, MTI reserves the right, in exceptional circumstances, to change the account holder detail. 

  1. Amendments and variations to terms and conditions 
  1. MTI may amend these terms and conditions from time to time, if and when necessary without prior notice and at MTI’s sole discretion.
  2. Updated terms will appear on this website and it is your responsibility to ensure that you remain abreast of any amended terms or conditions, as applicable.
  3. Your continued use of the web site shall be construed as an unequivocal acceptance of the terms and conditions, as amended.
  4. If you do not agree to comply and be bound by the terms and conditions, as amended from time to time, you must immediately cease using this website, withdraw your bitcoin and proceeds and notify both MTI support and your referrer.
  5. You will remain bound by these terms and conditions for a period of 36 months after cancellation of your membership and will refrain from any conduct that will, may or could cause MTI any reputational damage. 
  1. Jurisdiction 

This agreement and the relationship between the member and MTI shall be governed by the laws of the Republic South Africa and the member agrees to the jurisdiction of the High Court of South Africa (any division) in terms of any legal actions actioned by either the member or MTI. 

  1. Waiver and Severability of Terms 
  1. Any failure on the part of MTI to exercise or enforce any rights or provisions of this agreement shall not constitute a waiver of such rights or provisions.
  2. MTI reserves the right to exercise such rights or provisions within 3 years from date of the contravention of the terms and conditions or the time MTI becomes aware of same, whichever occurred last in time.
  3. If any provision of this agreement is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties’ intentions as reflected in the provision, alternatively such provision shall be severed from the remainder of this agreement and the remaining provisions of this agreement shall remain in full force and effect and binding on the parties. 
  1. Survivorship 
  1. All rights in and to your account or information within your account terminate upon your death or winding-up of your estate.
  2. MTI will upon receipt of a request from your executor/liquidator/trustee supported by a formal letter of authority and a copy of a death certificate or notice of winding up, freeze your account and provide your executor/liquidator/trustee with a statement of account. MTI will act on the instructions of your executor/liquidator/trustee and either liquidate your funds and pay same over to your executor/liquidator/trustee or replace you with your nominated beneficiary after receiving his/her directions.
  3. A position can only be transferred to one beneficiary being a natural person or a duly registered legal entity and MTI will not split the position amongst multiple beneficiaries.
  1. Declaration 
  1. By accepting herein below, I confirm that I have carefully read, understood, and I agree to comply with MTI’s Terms and Conditions and Policies and Procedures.
  2. I further agree to and understand that MTI’s Policies and Procedures are binding on myself or myself and the entity that I represent if I am a proxy and form part of this agreement.
  3. I understand that I must be in good standing and must not be in violation of any of the terms of the general policies and terms and conditions of MTI in order for myself or the entity that I represent as proxy to be eligible and to receive to any bonuses or payments from MTI.
  4. The continuation of my MTI membership, use of the MTI website services and my acceptance of bonuses or payments shall constitute my acceptance of the general policies and procedures and terms and conditions and any and all amendments pertaining to both of the aforesaid.
  5. It is required of you as a member of MTI to understand and to wholly abide by the laws of your country in relation to whichever of your country’s laws may have an effect on your membership and use of MTI.

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