Hop2it reserves the right to review and amend any trade and or any related T&C’s including but not restricted to any membership criteria, projected returns, rules and regulations, code of ethics, and any elements pertaining to contracted financial services, unit trust requirements, or benefits and membership application or website adjustments seen necessary throughout and to the end of any trading period. Importantly due to the high-risk nature of international imports and exports, Hop2it reserves the right to the extent the timelines or expected completion of any trade due to unforeseen elements, force majure or any human or corporate reasons that affect the maturity of trades. These changes will not affect any returns on trading agreements entered into directly with Hop2it by participating Members when validated by Hop2it. Any future changes will be notified through the normal amendment process at Hop2it’s absolute discretion and notified within Members Account Dashboards, the Hop2it Export website, and or email updates to Trading Members.
The purchase price paid for any level of Trading Seat is not refundable. Trading Seats operate as a business that sits on a virtual Trading Floor, with all funds earned being taxable, unless dividends paid for Shares are fully franked. Profits, commissions, and dividends are paid to Members from Hop2it’s trading or sale of commodities as well as from profits earned by Hop2it from subsidiary or partner businesses that Hop2it decides to invest within. Trading business positions are, however, a will-able, saleable and transferable commodity. Where a Trading Member is no longer able to participate through death, incapacity, another human, family, health, or financial reasons, their membership may be placed up for sale by the Trading Member. This includes said membership being noted or included within a Trading Members Last Will & Testament or personal or business asset list. Members are able to sell their Trading Seat issued as part of their membership, and they can approach Hop2it to assist with the sale or auction process under a separate agreement. Memberships and all benefits associated with membership, including, Loyalty Points; Trade Points; Trade Tokens (2its); digital Trade Dollars; Commission; and unused or claimed Capital; Trust Units or Shares, can be transferred to any person or entity that has been authorized and approved by Hop2it as a person or entity that has the capacity to trade and meets all membership criteria as listed in membership and trading rules and regulations as posted from time-to-time by Hop2it. Trading Members regardless of status are provided with a level of digital assets generally to the value of their membership and can be sold or traded online with other interested Members. This provides Trading Members with a means of developing an income in fiat as well as digital Trade Dollars which can be redeemed in the Trade Exchange.
6. Fees, Costs & Charges
General membership is free. Trading Members are charged a joining fee and other fees to operate their Trading Desk or Trading seat depending on their membership status on Hop2its Trading Floor within a licensed Exchange. A schedule of fees is provided to each Members online within Members Accounts which you were provided with before your enrolment by your introducer. All fees including initial set-up fees, maintenance fees, service fees, and other charges rendered to the Member are in payment for service rendered in processing the Member into the Hop2it Trading System and maintaining records, and facilitating the member’s use of the Trading System. As a Trading Member of Hop2it's Trade & Property Exchange, you agree to pay the full amount of such fees upon receipt of any request or financial statement or electronic notification; otherwise, Hop2it shall charge you as a Member, interest on the outstanding balance at a rate of 1.5% interest per month (18% per year). If a Member is in arrears for any cash fees beyond thirty (30) days, the Member agrees to waive all rights to the usage of their trading account and grants Hop2it the right to hold any such balance so long as said cash fees remain outstanding. In addition, where a Trading member has allocated a credit or debit card onto their Members Account to make such payments, Hop2it will deduct said fees or payments and notify the member of such a deduction when complete. Hop2it reserves the right to change the cash service fees, annual maintenance fees, and all other fees from time to time. Member will receive thirty (30) days' written notification of any such changes. Member also grants Hop2it the right to charge the fees for each Trade which will be made available to Members within the launch details of each Trade when approved and signed off by Hop2it management or authorized consultant. You acknowledge your agreement by making your first payment.
7. Confidentiality & Non-Discrimination
The Member agrees that by checking to confirm acknowledgment, and electronically signing the membership application to abide by the confidentiality clauses in this section.
7.1.1 Obligations of Non-Disclosure, Non-Use, and Malice
Unless otherwise agreed to in advance, in writing, by Hop2it as the disclosing party, or except as expressly permitted by these Terms and Conditions (T&C’s), the Member agrees that they will not, except as required by law or court order, use Confidential Information of Hop2it, its management or consultants nor disclose it to any third party. The receiving Party may disclose Confidential Information of the disclosing Party only to those of its employees or contractors who may need to know such information. In addition, prior to any disclosure of such Confidential Information to any such employee or contractor, such employee or contractor shall be made aware of the confidential nature of the Confidential Information and shall execute, or shall already be bound by, a non-disclosure agreement containing terms and conditions consistent with the T&Cs of this Agreement. In any event, the receiving Party, being you as a Trading Member, shall be responsible for any breach of the terms and conditions of this Agreement by any of your employees, contractors, sub-contractors, friends, family, or referrers of any kind. This includes the indiscriminate or malicious distribution of any information, material or unwarranted or personal opinions of Hop2it, any international Hop2it company or its consultants, to any other member or members on any medium of communication. Hop2it and its management reserves the right to issue proceedings for damage to reputation, business standing, and all rights at law in the event that the Trading Member uses any menaces of any kind outside of a Court of Law in an attempt to enforce any refund or recovery process whether valid or invalid regardless of legal standing in demand such relief. The receiving Party shall use the same degree of care to avoid disclosure of the disclosing Party’s Confidential Information as the receiving Party employs with respect to its own Confidential Information of like importance, but not less than a reasonable degree of care. As a Trading Member involved in any such activities as described in this agreement will have their Members Account suspended pending termination for any breach of these terms and conditions or for any civil or criminal act that may bring the company or any of its directors, staff, or other members at large into disrepute or affect the quiet enjoyment of their memberships.
7.1.2 Return of Confidential Information.
Upon the termination or expiration of this Agreement for any reason, or upon the disclosing Party’s earlier request, the receiving Party will deliver to the disclosing Party all of the disclosing Party’s property or Confidential Information in a tangible form that the receiving Party may have in its possession or control. The receiving Party may retain one copy of the Confidential Information in its legal files. The Receiving Party as a Member will have their Members Account suspended pending termination for any breach of these terms and conditions or for any civil or criminal act that may bring the company or any of its Directors, Staff, or Members at large into disrepute. You as the Trading Member and receiver also agree not to attempt to in any way obtain confidential information from any third party as to the identity or contact points of other Trading Members for any reason. This includes the engagement or enticement of any third party including any previously engaged contractor or consultant of Hop2it, to act as an intermediary and use any confidential information not returned to Hop2it for this purpose. Hop2it takes this clause very seriously and reserves all its rights at law to issue proceedings for damages should the Trading Member breach this agreement.
8. Non Discrimination
Hop2it does not discriminate on the basis of age, disability, national origin or ancestry, race, gender, religion, sexual orientation, marital status, political affiliation, or military status. Persons with disabilities or who otherwise require alternate means for communication of program information can contact us.
9. Intellectual Property Rights
9.1 Representation and Warranty.
Hop2it and its partners represent and warrant that it owns or controls all the intellectual property rights in relation to its Trading Program which is necessary to facilitate sales, service, manufacture, test, label, package, store, and supply of products in accordance with the terms of this agreement and that, to the best of its knowledge, no Hop2it supply fulfillment agreement of the terms of this Agreement will not infringe upon or overstep the intellectual property rights of Hop2it or to assist any third party from doing so. The Member agrees not to infringe on any intellectual property rights of Hop2it and to ensure that all systems, methods, and documentation belonging to Hop2it remain secure and confidential as per clause 7 and sub-clauses.
10. Code of Ethics
This Code of Ethics (“Code”) of Hop2it is a statement of our organizations’ common values and of our common commitment to promoting the highest possible standards of professional business conduct for the mutual benefit of the industry and the ultimate benefit of the consumer.
11. Risk and Title
If products are sold on an ex-factory, free on board basis, the Buyer will be made responsible for the cost, insurance, and freight to the destination port. Goods title is transferred to the customer at the time of pick up and it is agreed between Hop2it as the Seller that its obligation ends when the products or goods are delivered on a Free on Board (FOB) basis and “over the vessel's rail” unless otherwise agreed. At all times Hop2it claims ownership of the goods until ownership transfers. Any risk associated with sea or air transportation is Buyers’ or their Import Agent’s responsibility. Hop2it will not take any responsibility for the risk associated with transporting the goods. If Hop2it delivers the goods to the wharf, it will take full responsibility up to that transport and delivery point. Hop2it will not take any responsibility for the risk associated with transporting goods beyond the port of export as per the agreed terms. Hop2it assumes the risk in dealing with Buyers and agrees to indemnify its Members from any claim that a Buyer may have against Hop2it through the export process.
12. Inability to Meet Trade Orders or Forecast Trade Sale Returns on Investment
12.1 In the Event of any Inability to Meet Orders or Forecast Sales
Hop2it must give Member written notice if, at any time, it considers that it will be unable or may be unable to meet any accepted Order for reasons of a breakdown in the supply chain for any unforeseen reason through the process of any export or import Trade. This does not reduce obligations to use its best endeavors to supply each accepted Order and complete Trades via alternate means. The management of any Trade once commenced is at the total discretion of Hop2it and the Trading Member agrees to pay the management or logistic fees requires by Hop2it to complete the Trade.
12.2 Consequences of Notice – Termination of Specific Trade Participation
If Hop2it is unable to supply or is unable to complete an accepted Trade Order within sixty (60) days of the end of the month to which the Order relates and if the Supplier has not provided an alternative product supply channel, or for any other reason that the Trade Order cannot be completed in this time, the Member will have the right to terminate the specific Trade Agreement by providing written notice to Hop2it upon which a new agreement for a new trade will be negotiated so as the Trading Member can continue trading.
12.3 Unitholders and Shareholders
As a Hop2it Trading Member, you are generally either a Unitholder or Shareholder, or both. Hop2it as corporate Trustee for the Trusts which commenced operating international export trading, technology, and hemp cultivation in line with Trust law as Trustee will keep Unitholders informed of trading profits and or losses. Equally, Hop2it will keep all or any of its Shareholders informed about a commercial event that affects their investment or potential returns. The Trustee reserves the right to act in this capacity and to operate the Trusts inappropriate tax or other jurisdictions. In turn, Hop2it will operate the company for the betterment of its Shareholders as it sees fit to do so. All or any capital created for this purpose is to be utilized for the running of the business and payment of overheads, the development of the Hop2it Trade & Property Exchange global business, the purchase of manufactured products for on sale to customers, acquisition of business assets, strategic investments and purchase or development of business designed to provide revenue for the creation profits for distribution to Unitholders and or Shareholders.
13. Inability to Meet Orders or Forecast Sales
Clauses 12.1 and 12.2 do not apply if Hop2it or its Supplier is unable to manufacture, supply, or deliver the Products as a result of a Force Majeure Event including acts of God, lightning, earthquakes, and storms, and in addition strikes, lockouts, or other industrial disturbances, acts of enemies of any country, sabotage, wars, blockades, insurrections, riots, landslides, floods, fires, washouts, arrests and restraints, civil disturbances, explosions, damage to machinery, the orders of any court or governmental authority or any other cause whether of the kind referred to above or otherwise not within the control of the person claiming force majeure and which by the exercise of due diligence the person claiming force majeure is unable to overcome.
AGREEMENT & PAYMENT AUTHORIZATION
I understand that any trade payment(s) associated with my Hop2it membership and Trading Desk account are contingent upon successful processing of fee payment/s and that consecutive failure to obtain payment by wire transfer or credit/debit card authorizations with the account information I have furnished above may result in reclassification of my account. I acknowledge that any payments declined or returned from my financial institution will be assessed a non-refundable $25.00 administrative processing fee and that I agree to pay all or any costs of collection of any unpaid fees or costs in the event of my default.
