These Affiliate Programme Terms and Conditions (the “Agreement”) set out the terms and conditions between Glimmer Limited, a company registered in Malta under company number C 43108, and whose registered office is at Level 3, Portomaso Business Tower, Portomaso, PMT01, Malta (hereafter “‘Portomaso Affiliates’”, “we” or “us”) and you (the “Affiliate”) in relation to your joining the ‘Portomaso Affiliates’ Affiliate Programme and to your promotion of our websites currently situated at www.portomasoaffiliates.com.

By completing the Affiliate Application to the ‘Portomaso Affiliates’ Affiliate Programme and accepting the form, you hereby agree to abide by all the terms and conditions set out in this Agreement.


1. Affiliate Application and Acceptance

  • In this Agreement, the following terms, expressions and abbreviations shall have the following meanings, unless the contrary intention appears or the context requires otherwise:

– “Affiliate Application Form” shall mean the form or any other method of application made on or by way of the ‘Portomaso Affiliates’ Site completed by yourself whereby you have requested that you be accepted by us to join the ‘Portomaso Affiliates’ Affiliate Programme;

-“Affiliate Website” shall mean your website or websites and shall include any website on which you display or intend to display Links;

-“Agreement” shall mean these affiliate programme terms and conditions including any appendix or amendment attached hereto;

-“Commission” shall mean the commission calculated on the basis of the Commission Structures on the Net Revenue;

-“Commission Structures” shall mean the formula for calculating Commissions on the basis of Net Revenue in accordance with in Annex I;

-“Confidential Information” shall mean all confidential information or any other information that is not indicated as being confidential, but which is not publicly known and of whose confidential nature the receiving party is or should be aware of based on the circumstances,  including but not limited to business and financial information, lists of customers and buyers, as well as price and sales information and any information relating to products, records, operations, business plans, processes, product information, business know-how or logic, trade secrets, market opportunities and personal data of ‘Portomaso Affiliates’ or the ‘Portomaso Affiliates’ Site;

-“Customers” shall mean all account holders with ‘Portomaso Affiliates’ who have originally signed up with ‘Portomaso Affiliates’ as New Customers by accessing the ‘Portomaso Affiliates’ Site via the Links on the Affiliate Website;

-“Link” shall mean a hypertext link from the Affiliate Website to the ‘Portomaso Affiliates’ Site;

-“Minimum Activity Levels” shall be the minimum activity levels of the Affiliate established in accordance with clause 7.10;

-“Minimum Deposit” shall be the minimum deposit required in accordance with the General Terms and Conditions on the ‘Portomaso Affiliates’ Site, as amended from time to time;

-“Net Revenue” shall have the meaning stipulated in clause 7.2;

-“New Customers” shall mean those customers of ‘Portomaso Affiliates’ who do not yet have a betting account and who access the ‘Portomaso Affiliates’ Site via the Links on the Affiliate Website and who properly register and make real money transfers at least equivalent to the Minimum Deposit into their the ‘Portomaso Affiliates’ Site betting account;

-“Parties” means the parties to this Agreement;

-“‘Portomaso Affiliates’ Affiliate Programme” shall mean the programme whereby the Affiliate will be paid a commission as defined under this Agreement depending on the traffic generated to the ‘Portomaso Affiliates’ Site subject to the terms and conditions of this Agreement and to the applicable Commission Structure;

-“‘Portomaso Affiliates’ Site” shall mean the website or websites currently situated at the URLs www.’Portomaso Affiliates’.com;

-“‘Portomaso Affiliates’ Intellectual Property Rights” shall mean all intellectual and industrial property rights owned by ‘Portomaso Affiliates’ of any kind, now or hereafter existing, including, without limitation patents, trademarks, service marks, rights in designs, trade names, present and future copyrights, utility models and design patents whether or not any of these are registered and including applications for any such right, matter or thing or registration thereof, trade secrets and rights of confidence, all rights or forms of protection of a similar nature or having equivalent or similar effect to any of these which may subsist anywhere in the world, as well as all documents, information and other records and data provided to the Affiliate in the course of the performance of the Agreement.

-“Third Party Royalty” shall mean any royalty or revenue share which ‘Portomaso Affiliates’ must pay to a third party in order to lawfully exploit any technology or other product used from time to time on the ‘Portomaso Affiliates’ Site.

  • In this Agreement, except where the context requires otherwise:
  1. The singular includes the plural and vice versa;
  2. Headings are included for convenience only and shall not affect the interpretation of the Agreement
  • In case of any discrepancy between any translated versions of this Agreement, the English version shall prevail.

 

2. Affiliate Application and Acceptance

  • ‘Portomaso Affiliates’ shall evaluate the Affiliate Application Form submitted by yourself and shall inform you in writing including by way of an email whether the Affiliate Application Form is accepted or not. We will in our sole discretion determine whether or not to accept your application and our decision is final and not subject to any right of appeal. In the event that we decide to refuse your application, this Agreement shall be terminated with immediate effect.

3. Pre-Requisites

  • You hereby warrant that:
  1. You are of the legal age in the applicable jurisdiction to agree to and enter into the Agreement;
  2. You are competent and duly authorised to enter into binding Agreements for the Affiliate and the Affiliate Website;
  3. You are the proprietor of all rights, licenses and permits to market, promote and advertise the ‘Portomaso Affiliates’ Site on the Affiliate Website in accordance with the provision of this Agreement;
  4. You shall comply with all applicable rules, laws and regulations in connection with the promotion of the ‘Portomaso Affiliates’ Site; and
  5. You have read carefully and you fully understand and accept the terms and conditions of the Agreement.

4. Intellectual Property Rights

  • ‘Portomaso Affiliates’ hereby grants a non-exclusive, non-transferable, terminable licence to use the Links on the Affiliate Website solely to promote the ‘Portomaso Affiliates’ Site and to refer players to the ‘Portomaso Affiliates’ Site in accordance with the terms and conditions of this Agreement.
  • All intellectual property rights in the Links belong to ‘Portomaso Affiliates’. All intellectual property rights in any third party materials shall belong to the third party owner thereof.
  • Nothing in this Agreement grants a license or provides any warranty or offers any indemnity in respect of any data that is not owned by ‘Portomaso Affiliates’.
  • Either Party shall notify the other Party immediately if any claim or demand is made or action brought against it for any infringement or alleged infringement of any intellectual property rights which may affect the supply or use of the Links.
  • Nothing contained in this Agreement will grant either Party any right, title or interest in the trademarks, trade names, service marks or other intellectual property rights of the other Party. At no time during or after the term will either Party attempt or challenge or assist or allow others to challenge or to register or to attempt to register the marks of the other Party or of any company within the group of companies of the other Party.  Provided also that neither of the Parties will register or attempt to register any mark which is basically similar to and/or confusingly similar to any mark which belongs to the other Party or to any company contained within the other Party’s group of companies.

5. Obligations of ‘Portomaso Affiliates’

  • ‘Portomaso Affiliates’ shall provide you with all information and marketing material necessary for the implementation of the relative Links.
  • ‘Portomaso Affiliates’ shall administer the turnover generated via the Links, record the Net Revenues and the total amount of Commission earned via the link, provide the Affiliate with Commission statistics, and handle all customer services related to the business.
  • ‘Portomaso Affiliates’ shall pay the Affiliate the amount due depending on the Net Revenues subject to the terms and conditions of this Agreement.

6. Obligations of the Affiliate

  • You hereby warrant and undertake:
  1. To effectively market and promote the ‘Portomaso Affiliates’ Site and to refer players to the ‘Portomaso Affiliates’ Site and to do so solely and exclusively at your own cost and expense;
  2. To conduct yourself at all times with the due skill, care, diligence, prudence and foresight which would reasonably be expected from a skilled and experienced contractor acting in good faith and in accordance with all applicable laws, enactments, orders or regulations;
  3. To abide by the terms and conditions of this Agreement as well as to comply with the General Terms and Conditions and Privacy Policy on the ‘Portomaso Affiliates’ Site as well as any other rules or guidelines made known to you from time to time on the ‘Portomaso Affiliates’ Site or by ‘Portomaso Affiliates’;
  4. To conduct all marketing and promotion activities in a professional, manner that shall be lawful under applicable laws and in accordance with this Agreement;
  5. To use only a link or links provided within the scope of the ‘Portomaso Affiliates’ Affiliate Programme, otherwise no warranty whatsoever can be assumed for proper registration and sales accounting. Also, not to change or modify in any way any link or marketing material without prior written authorisation from ‘Portomaso Affiliates’;
  6. To comply with all security guidelines and other requirements as may be issued by ‘Portomaso Affiliates’ from time to time whether in writing or otherwise;
  7. That all information you provided in applying to join the Affiliate Programme, including all information you provided in the Affiliate Application Form, is correct and that you will notify us promptly of any changes or updates; and
  8. To be responsible for the development, the operation, and the maintenance of the Affiliate Website as well as for all material appearing on the Affiliate Website.
  • You hereby warrant:
  1. That you will not perform any act which is libellous, discriminatory, obscene, unlawful or otherwise unsuitable or which contains sexually explicit, pornographic, obscene or graphically violent materials;
  2. That you will not actively target any person who is under the legal age for gambling;
  3. That you will not actively target any jurisdiction where gambling or the promotion thereof is illegal;
  4. That you will not register as a player or make deposits directly or indirectly to any player account through his tracker(s) for your own personal use and/or the use of your relatives, friends, employees or other third parties, or in any other way attempt to artificially increase the commission payable or to otherwise defraud ‘Portomaso Affiliates’. Violation of this provision shall be deemed to be fraud;
  5. That you will not generate traffic to The ‘Portomaso Affiliates’ Site.com by illegal or fraudulent activity, particularly but not limited to by sending spam or by incorrect metatags;
  6. That you will not post or serve any advertisements or promotional content promoting the ‘Portomaso Affiliates’ Site or otherwise around or in conjunction with the display of the ‘Portomaso Affiliates’ Site (e.g., through any “framing” technique or technology or pop-up windows or pop-under windows), or assist, authorise or encourage any third party to take any such action;
  7. That you will not directly or indirectly offer any potential Customer any incentive (including without limitation payment of money or other benefit) to use or to click on the Links on the ‘Portomaso Affiliates’ Site; and
  8. That you will not register any domain names or register keywords, search terms or other identifiers for use in any search engine, portal, sponsored advertising service or other search or referral service or include metatag keywords on the Affiliate Website that incorporate terms which are identical or similar to ‘Portomaso Affiliates’ Intellectual Property Rights, in particular trademarks owned by ‘Portomaso Affiliates’.

7. Payment

  • ‘Portomaso Affiliates’ agrees to pay you a Commission calculated in accordance with the Commission Structures on the Net Revenues generated from the lifetime activity of Customers referred by the Affiliate Website. The Commission shall be deemed to be inclusive of value added tax or any other tax if applicable.
  • “Net Revenues” shall mean all gross monies received by ‘Portomaso Affiliates’ from Customers through the ‘Portomaso Affiliates’ Site less all of the following: (i) monies paid out to Customers as winnings; (ii) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) or other statutory deductions or payments to licensing authorities; (iii) charges levied by electronic payment or credit card organisations; (iv) bad debts; (v) monies attributed to fraud; (vi) returned stakes; (vii) provisions for transactions which are reversed by instruction from the card-holder’s bank (commonly referred to as charge-backs); (viii) any monies received from Customers who bet with ‘Portomaso Affiliates’ via a platform owned or operated by a third party; (ix) the cost of ‘free bets’ or ‘free chips’ provided to Customers as a promotional or marketing activity; and (x) any Third Party Royalty which ‘Portomaso Affiliates’ must pay.
  • The Commission is calculated at the end of each month and payments shall be made by the 10th-15th of the next calendar month, provided that the amount due exceeds €50 (the “Minimum Threshold”). If the balance due is less than the Minimum Threshold, it shall be carried over to the following month and shall be payable when it collectively exceeds the Minimum Threshold. An administrative fee, to be set at the sole discretion of ‘Portomaso Affiliates’, shall be reduced from each monthly Commission payment made to the Affiliate.
  • Payment of Commissions shall be made as per the payment method chosen by yourself in the Affiliate Application Form or otherwise in the application process. If an error is made in calculating the commission, ‘Portomaso Affiliates’ reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to you.
  • Without prejudice to clause 4, acceptance of payment made by you shall be deemed to be full and final settlement of the balance due for the period indicated.
  • If you disagree with the balance due as reported, you shall, within a period of thirty (30) days, send an email to ‘Portomaso Affiliates’ on affiliates@’Portomaso Affiliates’.com and indicate the reasons of such disagreement. Failure to send an email within the prescribed time limit shall be deemed an irrevocable acknowledgment of the balance due for the respective period.
  • Notwithstanding any other clause in this Agreement, ‘Portomaso Affiliates’ may delay payment of any balance to you for any particular calendar month up to one hundred and eighty (180) days, while it has reasonable suspicion that the relevant transactions do not comply with the provisions of these terms and conditions.
  • No payment shall be due when the traffic generated is illegal or if you are otherwise in breach of these terms and conditions.
  • You hereby agree to return all commissions received based on fraudulent or falsified transactions or on transactions which are in breach of these terms and conditions, plus all costs for legal causes or actions that may be brought against ‘Portomaso Affiliates’ to the fullest extent of the law.
  • ‘Portomaso Affiliates’ reserves the right to set a minimum level of Net Revenues to be received by ‘Portomaso Affiliates’ from your Customer activities or to set any other minimum activity levels. Such Minimum Activity Levels will be continuously reviewed and ‘Portomaso Affiliates’ reserves the right to terminate any agreement not reaching the Minimum Activity Levels. It is understood by both Parties that Such Minimum Activity Levels shall be reasonable and that it is intended to avoid accounts where the revenue does not cover our internal costs for maintaining the account and the payout procedure.
  • At the sole discretion of ‘Portomaso Affiliates’, you may offered the opportunity to restructure your Commission Structure including by implementing a Cost Per Acquisition (CPA) Module or a Hybrid module.  In the event that you accept such an offer, this new revenue structure shall replace your existing Commission Structure in its entirety. Notwithstanding the above, all your obligations under the Agreement will still continue to apply until the termination of this Agreement.
  • You shall be exclusively responsible for the payment of any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the revenue generated by yourself under this Agreement.  ‘Portomaso Affiliates’ shall in no manner whatsoever be held liable for any amounts unpaid but found to be due by you in this regard.
  • ‘Portomaso Affiliates’ applies a ‘ No Negative Carryover’ policy which means that if on a particular month, the Net Revenue is negative due to player winnings, affiliates are not penalized and affiliate accounts will NEVER begin on a negative balance at the start of a new month.
  • All payments made shall be made in Euros or in any other currency as may be specified by ‘Portomaso Affiliates’.

8. Termination

  • This Agreement may be terminated by either party by giving a thirty (30) day written notification to the other party. Written notification may be given by an email.
  • ‘Portomaso Affiliates’ may terminate this Agreement immediately in the event that the Affiliate:
  1. Breaches any of the terms of this Agreement;
  2. Is unable to pay its debts as they fall due with its creditors or becomes subject to an administration order or goes into liquidation or winding up or is made subject to a bankruptcy order;
  3. In the opinion of ‘Portomaso Affiliates’, is in breach of any applicable law or regulations; or
  4. Does not introduce a New Customer to ‘Portomaso Affiliates’ for a period of six (6) months
  • You hereby agree that on termination of the Agreement:
  1. You will remove all Links and/or references to the ‘Portomaso Affiliates’ Site from the Affiliate’s Website and/or other marketing channel and communications, irrespective of whether the communications are commercial or otherwise;
  2. All rights and licenses granted to you under this Agreement shall immediately terminate and all rights shall revert to the respective licensors, and you will cease the use of any ‘Portomaso Affiliates’ Intellectual Property Rights; and
  3. You will be entitled only to those earned and unpaid commissions as of the effective date of termination provided that ‘Portomaso Affiliates’ may withhold your final payment for a reasonable time to ensure that the correct amount is paid.
  • If this Agreement is terminated by ‘Portomaso Affiliates’ for any of the reasons specified in clause 2, ‘Portomaso Affiliates’ shall be entitled to withhold any unpaid Commissions even if arising prior to the termination date as security for any claim arising from such breach. For the sake of clarity the parties specifically agree that upon termination of this Agreement by either party, you shall no longer be entitled to receive any payment whatsoever from ‘Portomaso Affiliates’.
  • Immediately upon termination, you shall return to ‘Portomaso Affiliates’ any and all Confidential Information (and all copies and derivations thereof) in your possession, custody or control.
  • Termination will not relieve you from any liability arising from any breach of this Agreement, which occurred prior to termination and/or to any liability arising from any breach of confidential information even if the breach arises at any time following the termination of the Agreement.

9. Disclaimer

  • ‘Portomaso Affiliates’ makes no representation that any of its services including the ‘Portomaso Affiliates’ Site shall be uninterrupted or error free and, to the full extent permissible at law, ‘Portomaso Affiliates’ shall not be liable for the consequences of such interruptions or errors.
  • You acknowledge and accept that Links and the Affiliate Programme are provided “as is” without warranties of any kind, whether express or implied.
  • All conditions, warranties, terms and undertakings whether express or implied, statutory or otherwise relating to the delivery, performance, quality, accuracy, fitness for purpose, occurrence or reliability of the Links or the Affiliate Programme are hereby excluded to the fullest extent permitted by law.
  • Clause 9 shall survive the termination of this Agreement.

10. Indemnity

  • You agree to defend, indemnify and hold ‘Portomaso Affiliates’ and Glimmer Limited and its affiliates, parents, sister and other group companies, successors, officers, employees, agents, directors, shareholders and attorneys, free and harmless from and against any and all claims and liabilities, including reasonable attorneys’ and experts’ fees, related to or arising from:
  1. Any breach of your representations, warranties or covenants under this Agreement;
  2. Your use (or misuse) of the marketing materials;
  3. All conduct and activities occurring under your user ID and password;
  4. Any defamatory, libellous or illegal material contained within the Affiliate Website or your information and data;
  5. Any claim or contention that the Affiliate Website or the Affiliate’s information and data infringes any third party’s patent, copyright, trademark, or other intellectual property rights or violates any third party’s rights of privacy or publicity;
  6. Third party access or use of Affiliate Website or Affiliate’s information and data;
  7. Any claim related to Affiliate Website; or
  8. Any violation of this Agreement.
  • ‘Portomaso Affiliates’ reserves the right to participate, at its own expense in the defence of any matter.
  • Clause 10 shall survive the termination of this Agreement.

11. Limitation of Liability

  • ‘Portomaso Affiliates’, Glimmer Limited and its affiliates, parents, sister and other group companies, successors, officers, employees, agents, directors, shareholders and attorneys shall not be held liable for any form of indirect or consequential damage, including but not limited to loss of turnover/revenues or profits as well as loss of interest and customers even if such damage was foreseeable.
  • The total liability of ‘Portomaso Affiliates’ for direct damages, with the exclusion of death and personal injury, arising from failure to comply with this Agreement or caused by a tort in connection with the execution of this Agreement shall be limited to an amount equal to the Commissions paid by ‘Portomaso Affiliates’ to the Affiliate for the two months immediately preceding the event giving cause for damages. In any event, notwithstanding any other clause in this Agreement, the total liability of ‘Portomaso Affiliates’ for such direct damages shall not exceed the sum of one hundred thousand Euros (€100,000).
  • Clause 11 shall survive the termination of this Agreement.

12. Company Rights

  • ‘Portomaso Affiliates’ may refuse any player or may close a player’s account if it is necessary to comply with ‘Portomaso Affiliates’’s  General Terms and Conditions or Privacy Policy or to enforce the terms and conditions of this Agreement or in general to protect the interests of ‘Portomaso Affiliates’.

13. Confidentiality and Data Protection

  • Except as otherwise provided in this Agreement, each Party shall keep all Confidential Information of the other Party in confidence and use such information only for the purpose of the Agreement. Confidential Information must not be used for your own commercial or other purposes or divulged to any person or third party neither direct nor indirectly unless the prior explicit and written consent of ‘Portomaso Affiliates’ has been obtained.
  • The Parties shall together determine the content of any communications concerning the relationship between the Parties. Such communications shall be issued at a time and a manner agreed by the Parties.
  • Clause 13 shall survive the termination of this Agreement.
  • You warrant that you will comply with the provisions of applicable data protection legislation.

14. Force Majeure.

  • Neither party shall be liable to the other for any delay or failure to perform its obligations under this Agreement if such delay or failure arises from a cause beyond the reasonable control of and is not the fault of such party, including but not limited to labour disputes, strikes, industrial disturbances, acts of God, acts of terrorism, floods, lightning, utility or communications failures, earthquakes or other casualty.
  • If a force majeure event occurs, the non-performing party is excused from whatever performance is prevented by the force majeure event to the extent prevented. Provided that, if the force majeure event subsists for a period exceeding thirty (30) days then either party may terminate the Agreement by providing notice to the other Party.
  • Neither Party shall be liable to the other in respect of an event of Force Majeure provided that each Party shall take all reasonable steps to minimise the effects of Force Majeure on the performance of its obligations under this Agreement.

15. Changes to this Agreement.

  • ‘Portomaso Affiliates’ reserves the right to amend, alter, delete or add to any of the provisions of this Agreement, at any time and at its sole discretion, without giving you any advance notice subject to the terms and conditions set out in this Agreement. Any such changes will be posted on the ‘Portomaso Affiliates’ Site.
  • Your continued (i) participation in the Program, (ii) use of the ‘Portomaso Affiliates’ Site or ‘Portomaso Affiliates’ services, or (iii) acceptance of any Commissions from ‘Portomaso Affiliates’ confirms your irrevocable acceptance of this Agreement and any amendments or modifications thereto and therefore you shall be obliged to continuously comply with the terms and conditions of this Agreement as well as to comply with the General Terms and Conditions and Privacy Policy of the website portomasoaffiliates.com as well as any other rules and/or guidelines made known to you from time to time from www.portomasoaffiliates.com.

16. Assignment.

  • You may not assign this Agreement, by operation of law or otherwise, without obtaining the prior written consent of ‘Portomaso Affiliates’.
  • ‘Portomaso Affiliates’ may assign this Agreement, by operation of the law or otherwise, at any time without obtaining your prior consent.

17. Relationship of the Parties.

  •  Nothing contained in this Agreement, nor any action taken by any party to this Agreement, shall be deemed to constitute either party, or any of such party’s employees, agents, or representatives, an employee, or legal representative of the other party, nor to create any partnership, joint venture, or association among or between the parties, nor to confer on either party any express or implied right, power or authority to enter into any agreement or commitment on behalf of, nor to impose any obligation upon, the other party.

18. Severability.

  • Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law.
  • If any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect, such provision will be ineffective only to the extent of such invalidity, or unenforceability, without invalidating the remainder of this Agreement.
  • No waiver will be implied from conduct or failure to enforce any rights and must be in writing to be effective.

19. Governing Law & Jurisdictions.

  •   This Agreement shall be governed and construed in accordance with the laws of Malta and any action or dispute relating to this Agreement must be brought in Malta and the Affiliate irrevocably consents to the jurisdiction of the Maltese law courts.

Annex I – Commission Structures

 Commission Structure

The figures below represent the manner in which your Commission is calculated on the Net Revenue generated, per calendar month, by the Customers. Net Revenue is generated by the referred Customers on a life time basis.

Revenue Share Model

Commission will be calculated based on Net Revenue generated from Customers referred by the Affiliate. The Commission will be calculated as follows:

Net Revenue Commission Percentage per tier
€0 – €10,000 25%
€10,000 – €15,000 30%
€15,000 – €20,000 35%
€20,000 + 40%

For the avoidance of doubt the commission for each tier will be shared as the percentages indicate. Reaching the next tier will not change the commission of the previous tier. For example; if an Affiliate generates €12,000 in Net Revenue within one monthly period, the Affiliate will be paid as commission 25% of €10,000, and 30% of €2,000 in total €12,000.

Calculation Model of Net Revenue                                                          

 Bets – Winnings- Bonus Payout (including all CFI’s)- Fraud Costs and charge-backs   = Net Revenue

An Administrative Fee, to be set at the sole discretion of ‘Portomaso Affiliates’, shall be reduced from each Commission payment made to the Affiliate.

*If you would like to be part of the CPA or the Hybrid commission plan, please indicate your preference by email to us at affiliates@portomasolive.com Please do not hesitate to contact us for further assistance.

Last Updated: 09/11/2017 – Version:  2.1