Investor Agreement

GOTBOLTED.COM - TERMS OF USE

This document is an electronic record in terms of Information Technology Act, 2000 (“IT Act, 2000”), the applicable rules thereunder and the provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures.

This document is published in accordance with the provisions of Rule 3 (1) of the Information Technology (Intermediaries Guidelines) Rules, 2011 that require publishing the rules and regulations, privacy policy and Terms of Use for access to or usage of www.gotbolted.com website.

The domain name www.gotbolted.com (hereinafter referred to as Website) is owned by INFLEXION PARAMETRIC (hereinafter referred to as GotBolted), with its registered office at B302, Renaissance Park 1 Apts., Malleswaram (W), Subramanyanagar Main Rd., Bangalore – 560 055, Karnataka, India.

 

GOTBOLTED INVESTOR LETTER OF AGREEMENT

THIS Agreement (referred to as GILA) is executed on the date of submission of the Agreement form by the Investor alongside his Investment in duality which is inclusive and not exclusively applicable.

This Agreement is between you (hereinafter referred to as “Investor” which expression, unless it be repugnant to the context or meaning thereof, shall be deemed to mean and include all its successors and permitted assigns) of the First Part;

AND

INFLEXION PARAMETRIC, wholly and solely representing the web portal GotBolted.com under whose name business is being carried out and investment is being sought, who is located in B302, Renaissance Park 1 Apts., Malleswaram (W), Subramanyanagar Main Rd., Bangalore - 560055 (hereinafter referred to as GotBolted, which expression, unless it be repugnant to the context or meaning thereof, shall be deemed to mean and include all its successors and permitted assigns) of the Second Part.

GENERAL PROVISIONS

1.      The Investor agrees that he has clearly understood the functioning of the payout model through the referral system.

1.1.   The payout percentages may vary upon the discretion of GotBolted based on parameters of profitability required on project growth and associated expenses and other financial considerations.

1.2.   The assignment of quantity and type of “Nodes” is upon the discretion of GotBolted depending on availability pool of Nodes.

1.3.   The validity for this GILA and consequently the payout is 3 years from the date of investment.

1.4.    Investors can request a payout at any time. Payout processing time will be applicable.

1.5.   The payout will happen via Bank Transfer or Cheque or any other financial instrument applicable to facilitate the transfer of monetary benefits from GotBolted to the Investor’s account.

1.6.   The Common Currency Denominator ( CCD ) value, if applicable, with respect to the current exchange rate will be updated regularly. The frequency of update will be upon the discretion on GotBolted

1.7.   The Nodes will be freed upon expiration of the GILA

1.8.   The investor is free to refer and add additional Nodes as he pleases. Only the Nodes that have been allocated at the time of Investment will be disengaged not the ones existing prior to the Investment period or post.

1.9.   GotBolted does not under any circumstance promise or guarantee a minimum income or earnings as this factor is solely dependent on the purchase considerations of the Nodes and the profit margins held by GotBolted in this regard.

1.10.                     

 

2.      Assigning a successor or nominee

2.1.   No party may assign such party’s rights or obligations under this Agreement without the consent of all parties hereto.

 

3.      This Agreement shall be governed by and construed in accordance with the laws of the state of Karnataka, city of Bangalore, exclusive of choice-of-laws provisions.

 

4.      If any dispute arises between the Parties hereto during the subsistence of this agreement or thereafter, in connection with or arising out of this agreement, the dispute shall be referred to arbitration under the Indian Arbitration and Conciliation Act, 1996, by a panel of 3 (three) arbitrators. Each Party will appoint 1 (one) arbitrator and the 2 (two) arbitrators so appointed will appoint the third or the presiding arbitrator. Arbitration shall be held at New Delhi, India. The proceedings of arbitration shall be in the English language. The arbitrator’s award shall be final and binding on the Parties.

 

5.      The agreement may be terminated by GotBolted or the Investor by giving 30 (thirty) day’s notice in writing. Provided, in the event of a material breach of the terms of this Agreement, GotBolted may terminate this Agreement at any time.

 

6.      Both parties agree for the following:

6.1.   Notices: All notices, requests and demands, and other communications required or permitted under this Agreement shall be in writing and either delivered personally or sent to the official address of the Party through recognized courier service or e-mail. Party may change its address by delivering notice of such change of address to the other Party.

6.2.   Severability: In the event that any provision of this Agreement is held by a court or other tribunal of competent jurisdiction to be unenforceable, such provision shall be deemed modified to the minimum extent necessary to render the provision enforceable in a manner that most closely represents the original intent of the Parties. In such event, the remaining terms and conditions of this Agreement will remain in full force and effect and enforceable.

 

7.      The Investor, by checking the “I Agree with the Terms and Conditions” checkbox and proceeding with his investment, has, in-principle, and wholly and unilaterally agreed to all the terms above. The Investor also agrees that this is an electronic Agreement form and does not necessitate his signature but is fully enforceable in the court of law in case of a breach on the terms from either Party.