Terms and Conditions

Version as of 05.09.2019


Article 1. General Provisions

1.1. Website teachmecash.com (hereinafter referred to as the “website”) is the Internet site of the TeachMeCash project. The website is owned and administered by Vinchell Limited Company, a resident of the Hong Kong Special Administrative Region of the People’s Republic of China (hereinafter referred to as the “Company”).

1.2. These Terms and Conditions govern the procedure of the website use and its functionality, user registration, opening, using and closing a personal account. As it pertains to such procedures, the norms stipulated by the Website Terms and Conditions take precedence over the rules of the Cooperation Agreement.

1.3. By performing actions to use the website, the User explicitly and irrevocably agrees with these Terms and Conditions and accept that the website use will be governed by these Terms and Conditions. Opening any page of any sections of the website from any device and (or) the use of any functionality of the website shall be considered the website use. In addition to this, consent of the User with these Terms and Conditions of the website is carried out in the process of the User’s registration on the website and recorded by the User’s marks “I have read and agree to the Terms and Conditions of the website” or another mark bearing a similar meaning.

1.4. Users who do not agree to these Terms and Conditions shall not be granted access to the website. Users who have agreed to these Terms and Conditions, but have subsequently changed their opinion, and considered these Terms and Conditions unacceptable shall stop using the website from the moment they change their opinion.

1.5. The Company may from time to time amend these Terms and Conditions. In this case, the web site use procedure shall be governed by that version of the Terms and Conditions, which will be effective at the time of performing certain actions to use the website. Current version of these Terms and Conditions is stated in the beginning of the document.

1.6. Along with these Terms and Conditions, the relationship between the Company and the Customer shall be governed by the Website Privacy Policy and the Cooperation Agreement concluded in the form of the Public Offer acceptance. The Company makes every effort to ensure that indicated documents are fully consistent with one another. At the same time, should these Terms and Conditions come into collision with the Privacy Policy or the Cooperation Agreement in a particular situation, the priority will be given to the document, which is more specific and detailed in governing the actual relationship as it relates to the collision: the Agreement shall have priority when it comes to the provision of services and their payment, the Privacy Policy shall have priority in matters of information circulation, and these Terms and Conditions shall take priority when it comes to using the website and its functionality, including in matters of user registration, opening, use and closing of a Personal Account.

Article 2. Terms and Definitions

2.1. TeachMeCash is a project in the field of online education, based on cooperation between the Company and an unlimited circle of Customers, under which the Company and the Customers shall provide information services to each other on the basis of remotely signed Cooperation Agreements for a specified fee.

Customers shall use the information provided by the Company to improve their competence in the online education market, and the Company shall use the information received from Customers to create online education courses or to fulfill third-party orders for information services, receiving from Customers answers to questions about where and what courses online education will be popular and in demand.

The value of Customers for the Company shall consist in wide coverage of local respondents with ever-growing competence, ready to provide the Company with answers to its questions, and the Company’s value for Customers shall consist in the Company’s willingness to provide Customers with up-to-date information, monitoring and analytical materials to increase their competence and pay for information services provided by Customers.

2.2. Cooperation Agreement is a complex agreement concluded in the form of an acceptance of the Offer, according to which the Company and the Customer shall provide information services to each other for a specified fee: the Company shall provide information services to the Customer in the form of TeachMeCash subscription sales, and the Customer shall provide information services to the Company in the form of providing answers to Surveys.

2.3. The Appendix to the Agreement is a document containing the Customer’s information, the number and date of entry into force of the agreement, the cost of the content and schedule of the purchased TeachMeCash subscription, as well as the number and total cost of the Surveys. The Appendix to the Agreement shall be created automatically after the Company receives payment for the TeachMeCash subscription and shall be placed together with the text of this Offer in Personal account.

2.4. TeachMeCash Subscription is an information service Offered for distance selling by the Company, which is a subscription to information, monitoring and analytical materials in the field of online education (information, news, analytics, expert opinions). The subscription class of TeachMeCash shall depend on its term of granting, cost, content and schedule for the provision of subscription materials, as well as the cost and schedule for providing Surveys.

2.5. Survey is the Company’s order for providing information services addressed to the Customer in the form of questions in the field of online education. Responses to Surveys are an information service that, on the Company’s request, shall be provided by the Customer in favor of the Company through a Personal account. Surveys shall be provided and paid by the Company in favor of the Customer according to the schedule chosen when purchasing a TeachMeCash subscription.

2.6. The Company is Vinchell Limited Company, a resident of the Hong Kong Special Administrative Region of the People’s Republic of China, the creator of the TeachMeCash project and a party to the Cooperation Agreement.

2.7. Registered user is an individual who has reached the age of majority and has civil legal capacity, who has registered on the teachmecash.com website by filling in the registration form, has agreed to the Terms and conditions of the website, and the Privacy policy of the website.

2.8. Customer is a Registered User who, by acceptance of the Offer has entered into a Cooperation Agreement with the Company.

2.9. The Customer’s Personal account is a section of the teachmecash.com website, automatically created to the Registered User after his registration on the website, by means of which all mutual rights and obligations of the parties to the Agreement shall be exercised. Through the Personal account, Agreements shall be concluded, and information shall be exchanged on the concluded Agreements. The Personal account shall contain information on the terms of the Agreements and on changes to these terms, on the charges and payments made under the Agreement, on the progress of implementation of the Agreement, as well as all the materials received by the Parties - subscriptions, Surveys, responses to Surveys and informational messages. Access to the Personal account and carrying out operations on the account shall be carried out using the password, email address and/or telephone number specified during registration.

2.10. Referral program is a marketing program of the Company for the additional remuneration of the Customer paid to attract new Customers to the TeachMeCash project. The referral program shall be opened for the Customer in the Personal account. The procedure for opening the Referral program to the Customer and its conditions shall be established and modified by the Company independently. These conditions shall be communicated to the Customer through a Personal account. Customer’s participation in the Referral program shall be voluntary and shall not require additional financial costs from the Customer - such a program shall be a marketing program, and the costs to carry it out shall be the Company’s implementation costs.

2.11. Career program is the Company’s marketing program for additional remuneration of the Customer paid for the success or turnover of Customers attracted by him in the TeachMeCash project. A career program shall be opened for the Customer in the Personal account. The procedure for opening a Career Program to the Customer and its conditions shall be established and modified by the Company independently. These conditions shall be communicated to the Customer through a Personal account. The Customer’s participation in the Career Program shall be voluntary and shall not require additional financial costs from the Customer - such a program shall be a marketing program, and the costs to carry it out shall be the Company’s implementation costs.

2.12. The Offer is a public Offer addressed to an unlimited circle of individuals to conclude an agreement.

2.13. Customer’s Posting account is a section of the Customer’s Personal account, which displays the history and balance of all inflows and outflows transactions under the Agreements.

2.14. Inflows Posting account transactions are any transactions that involve accrual of funds by the Company in favor of the Customer for the provision of information services, under the Referral and Career programs, as well as any other remuneration or bonuses accrued by the Company in favor of the Customer.

2.15. Outflows Posting account transactions are transactions for debiting funds from the Customer’s account to purchase new subscriptions, pay commissions and withdraw funds.

2.16. Withdrawal of funds is a Posting account transaction initiated by the Customer, as a result of which funds shall be withdrawn from the Posting account to the payment details specified by the Customer.

2.17. User is an individual who has visited a website.

Article 3. User’s Information

3.1. All questions concerning the collection, processing, storage, transmission, deletion and modification of information within the TeachMeCash project are regulated in detail by the Website Privacy Policy. In the event of a conflict between the norms of these Terms and Conditions and the Privacy Policy on any matters relating to the circulation of information, the provisions of the Privacy Policy shall prevail.

3.2. To use website functionality and to implement the Cooperation Agreement, the User shall send the following information to the Company:

• during the User’s registration on the website - a password (entered twice to avoid an error), email address (verified by the Company), phone number (verified by the Company), name, notice of attainment of majority, notification of acceptance of these Terms and Conditions;

• during the conclusion of the first Cooperation Agreement - first and last name;

• during the implementation of the Cooperation Agreement - date of birth, gender, place of birth (country and town), place of residence (country and town), the address in one or more social networks and (or) messaging services, data on the level of education, specialty, work experience, field of activity, position of the Customer, Customer’s hobby, level and sources of his income and expenses;

• when providing answers to Surveys - personal opinions of the Customer, reflecting his view on the current state and developmental prospects of the online education market in various sections of interest to the Company (subject, territorial, temporary, financial);

• when making arrangements, receiving and making payments under the Cooperation Agreement - the number and value of purchased TeachMeCash subscriptions, number of transactions, amount and date of the funds withdrawal, payment details of the Customer (this information is determined by available payment instrument that has been selected by the Customer to make payments - e-wallet number, cryptocurrency payment reference, bank card number, bank account number);

• with the possible occurrence in the future of the need for KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures - details and (or) copies of identity documents, certificates from the banks servicing the Customer, utilities bills and confirmation of their payment, verification of tax payments, proof of legal origin of the funds used for payment, the Customer’s photos with identity documents or other similar documents.

3.3. The issues of modification of information transmitted to the Company, the periods of its storage, disposal and circulation are regulated by the Privacy Policy for each category of information separately.

3.4. By agreeing with these Terms and Conditions, the User confirms his readiness to transfer to the Company all information specified in Clause 3.2 of these Terms and Conditions.

3.5. By agreeing to these Terms and Conditions, the User acknowledges and agrees that information specified in Clause 3.2 of these Terms and Conditions may be requested in a form that blocks the Customer’s work in his Personal Account until he provides relevant information.

3.6. By agreeing to these Terms and Conditions, the User confirms his understanding of the fact that without the provision of information and documentation specified in Clause 3.2 of these Terms and Conditions, the provision of mutual services and their payment shall not be possible.

Article 4. Registration on the Website, Login and Password

4.1. The prerequisite for the website use is the attainment of majority by the User, which means reaching the age of complete eighteen years from the date of birth. Users under the age of majority shall not be granted access to the website functionality. The Company shall not be responsible for the fraud committed by the User when indicating his age. In this case, all the responsibility for such actions of the User shall rest with his parents, adoptive parents or guardians.

4.2. The prerequisite for the website use is the User’s acceptance of these Terms and Conditions, which is given by the User through performance of any actions on the website use, as well as carried out in addition in the process of the User’s registration on the website and is recorded by placing the User’s mark “I have read and agree to the Terms and Conditions of the website” or another mark of a similar meaning. Users who do not agree to these Terms and Conditions shall not be granted access to the website. Users who have agreed to these Terms and Conditions, but have subsequently changed their opinion, and found these Terms and Conditions unacceptable shall stop using the website from the moment they change their opinion.

4.3. To access the functionality of the website, the User shall undergo the registration process by filling out the registration form pursuant to which he shall transfer to the Company a password (entered twice to avoid errors), email address (verified by the Company), phone number (verified by the Company), the name, notification of attainment of majority and notification of acceptance of these Terms and Conditions. The User shall not be granted access to the website until specified information has been provided, and electronic mail address and (or) phone numbers have been verified. At the initial stages of the TeachMeCash project, the User shall not provide his phone number to the Company - this function will be introduced gradually - as the project progresses, as an alternative to the email address.

4.4. During the registration process, the Company conducts verification of e-mail address and (or) phone number of the User. E-mail and/or phone number are the main data components identifying the Registered User. The remaining data of the Registered User is not verified. In doing so, the Company strongly recommends the website users to enter valid and relevant identification data, when undergoing registration procedures, since entering invalid credentials may create certain inconveniences for the Customer or make it impossible to implement certain standards of the Cooperation Agreement. The Company shall not be liable for the negative consequences of the Customer’s submission of unreliable or inaccurate data during the registration. By agreeing to these Terms and Conditions, the Customer confirms his understanding of the fact that incorrect indication of his identification data may lead to the impossibility or restriction of the possibilities to exercise his rights under the Agreement.

4.5. Access to the personal Account and performing transactions in the Posting Account is carried out by using the User’s password, e-mail address and (or) phone number. E-mail address or phone number of the User serve as a login to the Personal Account.

4.6. The password is created by the User independently during registration, and is confidential information that should be stored with proper care and not disclosed to anyone. To ensure security, the Company shall have the right to put forward certain requirements to the password, without which the system will not accept the password created.

4.7. The Company strongly recommends not to use a password from an email address when creating a password. Using the same password for a Personal Account and e-mail address poses the risk of simultaneous loss of control over the Personal Account in the TeachMeCash project should you lose the password to the email address. If the attacker possesses a password from the Personal Account and the email-address, he can conduct any transactions in the Personal Account, which will look for the Company as the Customer’s usual transactions. The Company will not be able to cancel such transactions.

4.8. The password should be communicated to anyone under no circumstances, including to those who appear to be representatives of the Company - the Company does not use processes in its work that provide for a verbal communication of the password, as well as its transmission in e-mail and SMS messages. The only acceptable way to use a password is its entry into the appropriate field in the form to enter the Personal Account. Entry of the valid login and password into the form in order to enter the system shall serve as sufficient confirmation of the Registered User’s powers for transactions in the Personal Account.

4.9. The Company provides the Registered User with the ability to restore or change the password specified by him when registering, as well as to change the email address and/or phone. Recovery or change of the password occurs by verifying the Customer through an email address and/or phone number. Changing the email address and (or) phone number occurs by verifying the Customer through a password. If the Customer loses both a password and access to the e-mail and (or) telephone number, no data identifying the Customer will be changed. Access to the Personal Account in this case is possible only by restoring a Registered User access to the e-mail address and/or phone number.

4.10. The Company shall not be liable for any losses incurred due to the third parties gaining access to the password, email address and/or phone number of the Customer, as well as for losses incurred due to the Customer’s loss of the password, access to email and/or phone.

4.11. When registering, an individual shall obligatorily use a referral link - a link of existing customer. Registration by referral link of a new Customer and purchasing of a new subscription by him shall provide remuneration to an existing Customer, whose referral link was used during registration. Such remuneration is paid in the framework of the referral and career programs. Without using of a referral link registration is not carried out.

The amount, procedure and terms of remuneration payment for the Referral and Career Programs shall be determined by the terms of the Referral and Career Programs contained in the Personal account and on the website.

Article 5. Personal Account and Posting Account

5.1. The Customer’s Personal Account is a section of the teachmecash.com website, created automatically for the Registered User after his registration, through which Agreements are concluded, information is exchanged under concluded Agreements, as well as mutual settlements between the Parties are performed and recording of such settlements.

5.2. In the Personal Account the Registered User has the ability to visually, using graphical solutions of the Company, evaluate the informational and financial attractiveness of each Subscription offered for sale, choose the most attractive Subscription option and conclude the Cooperation Agreement.

5.3. Personal Account contains information about the Agreement terms, modification of such terms, the schedule of providing Subscriptions’ materials and Surveys, accruals and payments under all concluded Agreements, on the progress of Agreements implementation, as well as all materials received by the Parties - subscriptions, Surveys, responses to Surveys, and informational messages.

5.4. The Personal Account contains up-to-date information on the procedure and conditions for the Customer’s participation in the Referral and Career Programs, changes to this information, as well as the Customer’s progress in the Referral and Career Programs.

5.5. The part of the Customer’s Personal Account is a Posting Account, which is a section of the Customer’s Personal account, displays the history and balance of all Customer’s transactions in the TeachMeCash project, as well as the amount of funds available for withdrawal calculated on the basis of the Cooperation Agreement.

Inflows Posting account transactions are any transactions that involve accrual of funds by the Company in favor of the Customer for the provision of information services, under the Referral and Career programs, as well as any other remuneration or bonuses accrued by the Company in favor of the Customer.

Outflows Posting account transactions are transactions for debiting funds from the Customer’s account to purchase new subscriptions, pay commissions and withdraw funds.

An integral part of the Posting account shall be the amount of funds available for withdrawal. This amount shall be determined in the Customer’s Personal account automatically as the difference between all the Inflows and Outflows transactions of the Customer, taking into account the restrictions provided by the Cooperation Agreement. When calculating this figure, the history of all transactions of the Customer from the moment of first Agreement conclusion is taken into account, as well as restrictions on withdrawal of funds specified in the Cooperation Agreement or in Annexes thereto.

Article 6. Cooperation Agreement and Appendix to the Agreement

6.1. All questions with regard to the Customer services, Company services, their scope, cost, payment procedure, time and place of agreement conclusion, time of entry into force of the agreement, amendment, termination and early termination of the agreement, liability of the company and its limitations, mutual rights and obligations of the Parties, dispute resolution procedure and applicable law are governed by the Cooperation Agreement, and is described in detail in the Agreement. Should there be a conflict between the provisions of these Terms and Conditions and the provisions of the Cooperation Agreement on any matters referred to in this paragraph, the provisions of the Cooperation Agreement shall prevail.

6.2. The Cooperation Agreement shall be concluded in the Personal Account in accordance with the provisions of the Offer posted on the website.

6.3. According to the Cooperation Agreement, the Company and the Customer shall provide each other with the following informational services for the agreed fee:

• The Company shall provide the Customer with informational services in the form of TeachMeCash Subscription sale;

• the Customer shall provide the Company with informational services in the form of providing answers to the Surveys.

6.4. The Cooperation Agreement is concluded in the form of the Offer acceptance. Acceptance of the Offer shall be carried out in the Personal Account of the Customer by the Registered User agreeing to its terms and conditions fixed by affixing the mark “I have read and agree with the terms and conditions of the Offer” or another mark of a similar meaning.

6.5. The Offer acceptance procedure requires the technical need to read the entire text of the Offer by the Registered User from the beginning to the end. Moreover, all responsibility for the possible imitation of reading the full text of the Offer upon its acceptance, as well as responsibility for the inattentive reading of the Offer shall be borne by the Customer. In this regard, the reference of the Customer to ignorance of the terms of the Offer shall not be taken into account when considering possible disputes under the Agreement.

6.6. After the Offer has been accepted, the Cooperation Agreement shall be deemed concluded without the need for drawing up and signing by the Parties of a separate written document, and the Offer text in the version effective at the moment it was accepted, shall be placed in the Personal Account and be the only and sufficient proof that the Cooperation Agreement has been concluded between the Parties.

6.7. After the Company receives payment for acquired TeachMeCash subscription, Appendix to the Agreement is placed in the Personal Account, which contains information on the Customer, Agreement number and date of entry into force, the cost and schedule of the acquired TeachMeCash subscription, as well as information on the number and total value of Surveys under this subscription.

6.8. The Customer shall not be limited in the number of Agreements entered into and respectively in the number of purchased TeachMeCash subscriptions. Purchase of several TeachMeCash Subscriptions shall be recorded according to the following rules:

• Purchases of TeachMeCash Subscriptions, which are split in time, shall be recorded in different Agreements and Appendices to the Agreements;

• simultaneous purchase of one TeachMeCash Subscription or simultaneous purchase of several TeachMeCash Subscriptions of the same class shall be recorded by one Agreement and one Appendix to the Agreement;

• simultaneous purchase of several TeachMeCash Subscriptions of different classes shall be recorded by one Agreement and several Appendices to the Agreement - according to the number of classes of acquired subscriptions.

6.9. The Company shall have the right to temporarily suspend or limit the conclusion of new Agreements and the implementation of new TeachMeCash subscriptions by closing the possibility of acquiring a new subscription. The Customer shall be notified on the reasons and timing of the suspension of the subscriptions implementation via the Personal Account.

6.10. Referral and Career programs are regulated by the Agreement only in terms of the accrual, accounting and withdrawal of the Customer’s additional remuneration paid under these programs. In all other matters (including remuneration rates, interest rates, withdrawal procedure and limitation), the Referral and Career Programs are regulated by the Company independently, at its discretion by posting on the website and in the Customer’s Personal Account the current terms and conditions of the Referral and Career Programs.

Article 7. TeachMeCash Subscriptions

7.1. The Company offers for sale TeachMeCash subscriptions, which class, content and cost are indicated on the website and in the Personal Account. TeachMeCash subscription acquired by the Customer, its class, content and cost shall be recorded in the Personal Account and in the Annex to the Agreement.

7.2. The principle of prepayment shall apply with respect to the TeachMeCash subscription, - the Customer shall make the payment in full until the subscription materials are transferred by the Company.

7.3. The price of the TeachMeCash subscription shall be set in US dollars and indicated on the website and in the Personal Account. Changes in the value of financial instruments (cryptocurrency or other means of payment), through which payment for the TeachMeCash subscription is made, shall not affect its value. In order to ensure payment for the subscription, the rate of a financial instrument (cryptocurrency or other means of payment) shall be fixed for 15 minutes from the moment the Offer has been accepted.

7.4. The Customer shall make the payment for the TeachMeCash subscription in favor of the Company within 15 minutes from the moment the Offer has been accepted. The method of payment shall be selected by the Customer on his own among the methods available in the Personal Account. One of the methods to pay for the TeachMeCash subscription, open to the Customer, is to pay from the Customer’s Posting Account. Payment for the acquired TeachMeCash subscription using the method not provided for in the Personal Account of the Customer, a partial payment, or the payment, which violates the above-mentioned period, shall not be considered a proper payment.

7.5. The Company draws the users’ attention to the fact that the payment for the TeachMeCash subscription can be made exclusively in non-cash form, including using cryptocurrency, e-money, payment systems, payment systems providers, payment gateways, or the other similar financial services and tools. Neither the Company, nor its representatives, agents, employees accept cash as a payment method for the TeachMeCash subscription. If someone suggests that you pay for the TeachMeCash subscription in cash, then most likely you’re dealing with a swindler, and such transaction will not result in the Cooperation Agreement conclusion.

7.6. The TeachMeCash project offers for sale TeachMeCash Subscriptions, the amount of remuneration for which is different - a more expensive subscription earns more money, which in turn may entail the acquisition of one subscription by several persons. In this regard, the Company draws your attention to the fact that the purchase of a TeachMeCash subscription by a group of persons carries the risk of fraud as the Company acquires mutual commitments with only one person - the buyer of the TeachMeCash Subscription. The relationship of the Customer with third parties (including those who have transferred money to the Customer in order to buy a subscription) are beyond the control of the TeachMeCash project. The Company objectively does not have the ability to influence such relationships. In this regard, the Company strongly recommends avoiding the purchase of a single subscription by a group of persons, since such a purchase may entail the loss of funds transferred to make a group purchase.

7.7. In carrying out the payment combination of several methods of payment are not allowed - payment of one TeachMeCash subscription shall be made using one payment method chosen by the Customer on his own among the methods available in the Personal Account. The only exception to this rule is payment for a subscription from the Customer’s Posting Account. Thus, the funds from the Customer’s Posting Account can be used for both full and partial payment for the TeachMeCash subscription along with any other available payment method. In this case, the combination of the two methods of payment shall be acceptable.

7.8. Method of payment and payment progress process shall be displayed in the Customer’s Personal Account and upon successful completion of the payment process shall be recorded in the Appendix to the Agreement.

7.9. The Company shall transfer the TeachMeCash subscription materials to the Customer by placing them in the Customer’s Personal Account. Confirmation of the transfer of subscription by the Company and its consumption by the Customer shall be the fact of subscription materials being located in the personal Account of the Customer.

7.10. If, as a result of the purchase of several TeachMeCash subscriptions, the Company has an obligation to send several identical informational, monitoring or analytical materials to the Customer, the relevant materials shall not be duplicated - the material sent within one Agreement shall not be sent to the same Customer again within another Agreement.

7.11. The amount of money paid to the Company for the TeachMeCash subscription, shall not be refundable by the Company under any circumstances - By agreeing to these Terms and Conditions, the User releases the Company from any claims relating to refund of the funds paid by the User for the TeachMeCash Subscription no matter what the reason for the occurrence of such requirements may be.

7.12. By agreeing to these Terms and Conditions, the User agrees that due to its nature the TeachMeCash subscription materials represent a single set of information which is transferred in parts, and service consumption occurs at the moment its first part is transferred. In this regard, the User agrees that subscription materials are considered consumed by the Customer in full from the moment the first part of the subscription materials is transferred by the Company.

7.13. By agreeing to these Terms and Conditions, the User agrees that his participation in the TeachMeCash project, as well as all transmitted Subscription materials represent for him a value greater than the purchase price of the Subscription. Moreover, by agreeing with the Terms and Conditions, User agrees that the materials of the purchased TeachMeCash subscription are the materials of good quality materials in connection with which the Customer provides complete, unambiguous, unconditional and irrevocable waiver of any claims relating to the quality of materials provided to him within the acquired TeachMeCash subscription.

Article 8. Surveys

8.1. The Survey is an order for the provision of informational services addressed to the Customer by the Company.

8.2. Informational services of the Customer in favor of the Company shall be realized by the Customer providing responses to the Surveys.

8.3. The number and total cost of the Surveys under the Agreement shall be specified in the Appendix to the Agreement.

8.4. The Surveys shall be provided to the Customer by the Company by placing them in the Personal Account. The Surveys shall be provided and paid for by the Company in favor of the Customer according to the schedule stipulated by the purchased TeachMeCash subscription. The schedule of the Company’s Surveys and the cost of each of them shall be displayed in the Customer’s Personal Account. Record of the Surveys in the context of concluded Agreements shall be maintained in the Personal Account.

8.5. When purchasing multiple Subscriptions, provision and payment for the Surveys shall be implemented according to the following rules:

• when concluding several Agreements – the Surveys under each of the Agreements shall be sent and paid for to the Customer separately;

• when acquiring multiple Subscriptions under the same Agreement – the number of the Surveys sent to the Customer shall correspond to the number of subscription classes purchased within one Agreement, and the cost of the Surveys shall correspond to the total cost of all Surveys for all Subscriptions purchased under a single Agreement.

8.6. The number and cost of the Surveys under the concluded Agreement can be changed by the Company unilaterally until the next Survey is sent to the Customer. If the Customer agrees with the change in the cost of the Survey, the Customer shall continue to process the Surveys with the modified cost, and in case of disagreement shall refuse to process the Surveys, notifying the Company thereof via the Personal Account. The Customer’s refusal to process the Surveys with a modified cost in the framework of the Offer is the only possible consequence of the Customer’s disagreement with the Company's modification of the Surveys cost.

8.7. The Customer shall provide the responses to the current Survey at any convenient time from the moment he receives the current Survey through the Personal Account and until he receives the next Survey according to the Company’s Surveys schedule.

8.8. Responses to the Surveys shall be transmitted by the Customer to the Company through the Customer’s Personal Account. The confirmation of the transfer of the Response to the Survey and its consumption by the Company shall be the fact of the response to the Survey being placed in the Customer’s Personal Account.

8.9. The Parties agree that due to their nature, informational services of the Customer are of estimated value, and this is the kind of information the Company is interested in, in connection with which the Company shall provide the Customer with full, unambiguous, unconditional and irrevocable waiver of any claims relating to the quality of informational services, provided by the Customer in his response to the Surveys.

8.10. In order to ensure the continuity of receiving information, as well as to obtain informational sections in the aspects of interest, the Company shall unite the Customers into anonymous groups created by territorial, age, sex, social and other characteristics. In the event that the Customer does not provide a response to the Survey 24 hours before the date of sending the next Survey, the Customer’s response shall be generated by the Company automatically based on the mean values of the responses in the corresponding anonymous group. Automatically generated response to the Survey shall be forwarded to the Customer via his Personal Account for approval or modification. The Customer shall have the ability to change the automatically generated response. In the event that the Company doesn’t receive approval from the Customer for automatically generated response within 12 hours, in accordance with the provisions of the Cooperation Agreement, the response to the Survey shall be considered approved, implementing the principle of tacit consent established in the Cooperation Agreement. At the same time, the cost of the Survey, paid by the Company in favor of the Customer, shall not depend on the type of response (actual or automatically generated).

The Company shall be entitled, at its discretion, to accrue additional remuneration for the Customers for their actual responses.

8.11. The principle of post-payment shall apply to the Customer’s services - full payment for the Customer’s services shall be made by the Company after the transfer of services in accordance with Clause 12 of the Offer.

8.12. Along with the payment for the informational services provided by the Customer, the Company shall accrue additional rewards and bonuses in the Customer’s Posting Account: under the Referral and Career Programs, for actual responses, as part of advertising campaigns and raffles, and other similar accruals. The terms of such accruals shall be published by the Company on the website and (or) communicated to the Customer through a Personal Account. These accruals shall be made by the Company at its own expense, and shall be made at its discretion for marketing purposes.

Article 9. Withdrawal of Funds, Restrictions and Fees

9.1. The Customer’s withdrawal of funds from the Posting Account shall be carried out in the manner determined by Section 4 of the Offer.

9.2. The Customer may withdraw the funds available for withdrawal, as determined in his Personal Account pursuant to Clause 16.4 of the Offer at any time.

9.3. In order to withdraw the funds, the Customer shall submit Application for withdrawal to the Company via his Personal Account. Application for withdrawal of funds and the progress of its implementation shall be recorded in the Personal Account.

9.4. The funds shall be withdrawn by the Company in favor of the Customer before 24 hours 00 minutes of the fifth business day, following the day of sending the Application specified in the previous paragraph. The Company shall have the right to change the withdrawal period specified in this Article by notifying the Customer via his Personal Account.

9.5. When withdrawing funds, the Company shall withhold a fee from the withdrawal amount in accordance with Article 19 of the Offer. The fee shall be withheld by the Company from the withdrawal amount, and as a result the Customer shall receives the amount indicated in the Application for withdrawal, reduced by the fee amount.

9.6. During withdrawal of funds, the Customer shall select one of the payment instruments available on the website and indicate the payment details (account, card or wallet number). The Company has the right to limit the number of wallets, cards or accounts used by the Customer to withdraw funds. Such limits are indicated on the website and in the Personal аccount.

9.7. The Company’s obligations to withdraw funds shall be considered fulfilled from the moment the Company debits the amount of funds, indicated in the Personal Account and in the Customer’s Application, from its bank account or the e-wallet, reduced by the amount of the fee. The risk of loss of funds from the time the Company makes the payment until the Customer receives the payment shall be borne by the Customer. The Company shall not be responsible for the incorrect indication of the payment details by the Customer, as well as for any errors made by the Customer, banks, payment services, software suppliers and/or developers.

9.8. Funds withdrawal transactions shall be carried out using the password, electronic mail address and (or) phone number specified by the Customer. The password is secret information that should not be passed to anyone. The Company shall not be liable for any losses incurred due to the third parties gaining access to the password, email address and/or phone number of the Customer, as well as for losses incurred due to the loss of the password by the Customer, his access to e-mail and/or phone.

9.9. When withdrawing funds, the following restrictions to withdrawing funds from the Customer’s account shall apply:

9.9.1. The minimum withdrawal amount for a single withdrawal transaction is 50 US Dollars. Operations on the withdrawal of smaller amounts shall not be carried out.

9.9.2. The maximum amount of withdrawals per diem shall be equal to the total cost of all active Customer subscriptions. The active subscription as of the current date shall be understood here as a TeachMeCash subscription, acquired under the Agreement in force on the current date.

9.9.3. With a five-fold excess of the Inflows Posting account transactions over the Outflows Posting account transactions, the withdrawal of funds from the Posting account shall be possible only with respect to the funds credited to the Posting account prior to such an excess. This restriction shall be calculated on the basis of the history of all Inflows and Outflows transactions on the account from the time the first Agreement was concluded by the Customer. During the term of this restriction being in effect, accrual of funds to the Posting Account shall continue, and an opportunity to withdraw the funds may be exercised by the Customer through the purchase of new TeachMeCash subscriptions from the funds in the Posting account because such a purchase will change the ratio of Inflows and Outflows transactions in the Posting Account and, accordingly, will remove the hold.

9.9.4. The amounts of additional remuneration of the Customer accrued to his Posting Account under the Referral and Career Programs, shall be withdrawn applying the restrictions determined by the terms of the Referral and Career Programs contained in the Personal Account and on the website. Such restrictions may concern the periods during which accrued remuneration may be withdrawn.

9.10. The restrictions listed in the previous paragraph apply exclusively to withdrawals of funds, and do not apply to the purchase of new subscriptions at the expense of the Posting Account funds.

9.11. The Company shall have the right to modify or supplement the restrictions listed in this Article by notifying the Customer via his Personal Account.

Article 10. Referral and Career Programs

10.1. Matters regarding the implementation of the Referral and Career programs including terms, interest rates, levels and withdrawal restrictions shall be contained in the relevant section of the Customer’s Personal Account and in the website.

10.2. Referral and Career programs represent marketing programs of the Company with additional remuneration of the Customer paid for the success or turnover of the TeachMeCash Customers, who have been attracted by him. These programs shall be opened for the Customer in his Personal Account. The procedure of their opening and their terms shall be established and modified by the Company independently. These terms shall be communicated to the Customer via his Personal account. The Customer’s participation in Referral and Career programs shall be voluntary and shall not require additional financial costs of the Customer - such programs are for marketing purposes, and the costs for their implementation shall be operating costs of the Company.

10.3. The Customer shall have the right to withdraw from participation in the Referral and Career program at any time by sending corresponding notice to the Company via the Personal Account.

10.4. Since the Referral and Career programs are the marketing programs of the Company, the Company shall have the right to modify or cancel these programs at any time, having notified the Customer via his personal account one day prior to such modification or closure. At the same time, all remuneration accrued under the Referral and Career programs shall remain in the Customer’s account and can be withdrawn in accordance with these Terms and Conditions.

Article 11. Closing the Customer’s Personal Account

11.1. Closure of the Customer’s Personal Account is a procedure which consists in the reversible removal of the User’s Posting Account in the TeachMeCash project. This procedure may be carried out by the Company in exceptional cases expressly provided for by the Terms and Conditions of the website. As a general rule, closing a personal account shall be possible only in cases when the use of the website’s functionality by the User becomes impossible or jeopardizes the performance of the TeachMeCash project.

11.2. Closure of the Customer’s Personal Account shall be performed by the Company in the following cases:

11.2.1. Refusal of the Customer to collect, process and store his personal data or refuse to comply with the policies and (or) Terms and Conditions of the website.

11.2.2. Receipt of the Customer’s Application to delete his personal data or to close his Personal Account.

11.2.3. The absence of the Customer’s activity in his Personal Account for 366 consecutive days.

11.2.4. Distribution in electronic systems associated with the TeachMeCash project or among the Customers of the TeachMeCash project of malware (viruses) or the spread of spam.

11.2.5. Organization or participation in DDoS attacks on the resources associated with the TeachMeCash project, or organization or participation in similar hostile actions.

11.2.6. Spreading slander or unwarranted negative evaluations about the TeachMeCash project.

11.2.7. Distribution in electronic systems associated with the TeachMeCash project or among the Customers of the TeachMeCash project of advertising or information about other projects in the field of online education or information about the projects associated with investing, investment of funds with subsequent payment of income, the FOREX, the IPO or ICO projects.

11.2.8. Distribution in electronic systems associated with the TeachMeCash project or among the Customers of the TeachMeCash project of advertising or information about other projects based on multi-level marketing, referral or career programs.

11.2.9. Distribution in electronic systems associated with the TeachMeCash project or among the Customers of the TeachMeCash project of information or links to resources containing radical political views and evaluation, advocacy of violence, racial or ethnic hatred, pornographic materials.

11.2.10. Behavior indicating that Customer have committed or attempt to commit fraud by means of the TeachMeCash project, or with respect to the TeachMeCash project or with respect to the Customers of the TeachMeCash project.

11.3. Closure of the Customer’s Personal Account shall have the effect of repayment of all outstanding obligations of the parties under all the agreements concluded via the Personal Account, which is being closed.

11.4. The Customer shall be informed about the closure of his Personal Account by means of an information banner that appears on the website when the Customer attempts to enter the closed Personal Account.

11.5. The issues of reopening the Customer’s Personal Account, which has been closed by the Company under this Article, shall be resolved by the Customer by contacting customer support.

11.6. In matters relating to the closure of the Customer’s Personal Account, the norms of the Terms and Conditions of the website shall take precedence over the norms of the Cooperation Agreement.

Acceptance

is the consent of an individual to conclude an agreement on the conditions set forth in the Offer. The acceptance of the Offer shall take place in the Customer's personal account by way of the Registered User agreeing with its terms, and shall be recorded by putting the mark “I have read and agree to the Offer Terms and Conditions” in the Customer's personal account.

Customer's posting account

is a section of the Customer's personal account, which displays the history and balance of all inflows and outflows transactions under the Agreements.

Inflows posting account transactions

are transactions on the accrual of funds by the Company in favor of the Customer for the information services provided, as well as transactions on the accrual of the Customer's remuneration within the Referral and Career Programs.

Outflows posting account transactions

are transactions for debiting funds from the Customer's account to purchase new subscriptions, pay commissions and withdraw funds.

Withdrawal of funds

is a posting account transaction initiated by the Customer, as a result of which funds shall be withdrawn from the posting account to the payment details specified by the Customer.

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