PINGO ACTIVITY POLICY
1. GENERAL
2. DEFINITIONS
The following terms shall have the following respective meanings:
3. ELIGIBILITY
To be eligible in participating the Pingo Activity, the Buyer must be registered as a member on the Platform in accordance with the Buyer’s Terms and Conditions. PINGO’s membership includes two categories, which are the VIP member category (“VIP Member”) and the normal member category (“Normal Member”):
Types of Membership |
Details |
VIP Member |
The Buyer shall be entitled to be a VIP Member upon the Buyer’s registration of an account on the Platform and purchase of VIP Merchant Offering
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Benefits in Mall Shopping Zone: -
· Entitled to earn 1 Redeemable Points for each and every RM1.00 spent for the purchase of Merchant Offerings in the Mall Shopping Zone; and · Entitled to earn the Referral Benefits for any purchase of Merchant Offerings made by its Referee.
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Benefits in VIP Member Zone: -
· Entitled to host, initiate and conduct any Pingo Activity for Selected Merchant Offering (as hereinafter defined) as may be determined by PINGO from time to time under the Platform; and · Entitled to earn Pingo Points if its Referee becomes a VIP Member by purchasing the VIP Merchant Offering.
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Benefits in Pingo Activity Zone: - Entitled to earn Pingo Points if its Referee, hosts, initiates and conducts any Pingo Activity
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Normal Member |
The Buyer shall be entitled to be a Normal Member upon the Buyer’s registration of an account on the Platform
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Benefits in Mall Shopping Zone: -
· Entitled to earn 1 Redeemable Points for each and every RM1.00 spent for the purchase of Merchant Offerings in the Mall Shopping Zone; and · Entitled to earn Referral Benefits for any purchase of Merchant Offerings made by its Referee.
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Benefits in VIP Member Zone: - Entitled to earn Pingo Points if its Referee becomes a VIP Member by purchasing the VIP Merchant Offering
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Benefits in Pingo Activity Zone: - Entitled to earn Pingo Points if its Referee initiates and conducts any Pingo Activity
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4. PINGO ACTIVITY
Selected Merchant Offering
Eligibility for Participation
Award System
Seller’s Entitlement
For every Pingo Activity conducted by the VIP Member, PINGO shall pay the Seller an Income (as hereinafter defined) after PINGO’s receipt of a written confirmation from the Buyer, in accordance with the following manner and formula (“Seller Payment”): -
Income = Total Sales Price - Allocated Marketing Margin
Whereby: -
“Allocated Marketing Margin” means the total costs of the Selected Merchant Offering, amounting to 30 % of the product selling price.
Other’s Entitlement
For every Pingo Activity conducted by the VIP Member, PINGO shall derive the Net Profit (as hereinafter defined) from the Pingo Activity in accordance with the following manner and formula: -
Net Profit = Allocated Marketing Margin - Additional Entitlement
The Net Profit derived by PINGO from each of the Pingo Activity shall be distributed by PINGO to the following parties, entities and/or organizations (“Designated Recipient”), in accordance with the following manner (“Net Profit Distribution”): -
Designated Recipient | Percentage of the Net Profit (%) |
VIP Member who initiated and conducted the Pingo Activity | PINGO shall distribute 38.4% of the Net Profit, in the form of Pingo Points, as bonus reward to the VIP Member who initiated and conducted the Pingo Activity |
VIP Member or Normal Member who procures any Referee to initiate and conduct the Pingo Activity | PINGO shall distribute 5% of the Net Profit, in the form of Pingo Points, as bonus reward to the VIP Member or Normal Member who procures any Referee to initiate and conduct the Pingo Activity. For the avoidance of doubt, the Referee who initiates and conducts the Pingo Activity must be a VIP Member instead of a Normal Member |
5. REPRESENTATIONS AND WARRANTIES
The Buyer hereby represents and warrants to PINGO that: -
The Buyer hereby unconditionally and irrecoverably agrees and acknowledges that: -
6. RIGHTS OF PINGO
7. LIABILITY
8. VARIATION