Upcoming changes to the Participation Agreement of PrivateOpps
December 24, 2005
“As part of our long-term growth plans for 2006, we are happy to introduce two changes to the Participation Agreement. These changes will take effect on January 16, 2006 12:00am EST.
(A) Referral commissions to be lowered to 9% from the current 12% rate. This will affect any and all future Unit purchases made by new and existing Referrals beginning January 16, 2006 12:00am EST.
Section 11.2 of our Agreement shall be changed to: “11.2 PrivateOpps shall pay Participant - the Referrer - a 9% commission on each and every purchase of Contract Units made by their direct Referrals.”
(B) PrivateOpps will begin to charge a 1.5% Service Fee of all completed Unit redemption orders.
Section 6.3 shall be added to our Agreement: “6.3 PrivateOpps shall collect a 1.5% Service Fee from all Unit redemption proceeds paid to Participant.”
Upon your first log-in to your account after the new Agreement takes effect on January 16, you will be prompted to confirm that you have read and agree to the new adjustments. To access our existing Agreement, simply visit our website and click “Agreement” at the top navigation menu.”
Posted today on www.privateopps.com
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