Referral Program Terms

1. Eligibility

Eligible SCHWARZMAN members may receive a personal referral link.

To qualify for a referral reward, the referrer must have an active eligible SCHWARZMAN membership when the referred user completes the qualifying action.

Accounts that are suspended, restricted, fraudulent, duplicate or otherwise ineligible do not qualify.

2. Qualifying referral

A referral qualifies only if:

• the referred person is a genuine new user;
• the referred person uses the valid referral mechanism;
• all required onboarding and verification steps are completed; and
• the referred person successfully pays the first USD 19.99 SCHWARZMAN membership charge.

3. Standard reward

The standard referral reward is equal to 25% of the referred user's first qualifying paid membership and is paid in SHOP Token.

The standard reward is earned once for the referred user's first qualifying membership payment only. There is no recurring referral commission under the standard program unless SCHWARZMAN expressly publishes a different offer.

4. Reward timing

A qualifying reward is credited after the referred user's first qualifying membership payment is successfully completed and the referral is validated.

Operational, fraud or compliance review may delay crediting.

5. SHOP Token value

The referral reward is paid in SHOP Token. SHOP Token is a digital asset whose market value can increase or decrease. No fixed future fiat value is guaranteed.

6. No self-referrals or artificial accounts

Self-referrals, duplicate accounts, fictitious identities, controlled accounts created primarily to obtain rewards, circular payment arrangements, manipulated referrals and other reward abuse are prohibited.

7. Advertising and brand use

Participation in the Referral Program does not make a participant an employee, agent, broker, representative or partner of Schwarzman LLC.

Participants may not:

• claim to act for SCHWARZMAN;
• make unauthorized statements about regulation, licensing or insurance;
• promise card or account approval;
• promise SHOP Token appreciation or guaranteed returns;
• provide false or misleading product information;
• use SCHWARZMAN trademarks in paid-search advertising, domain names or misleading account names without written permission;
• copy official SCHWARZMAN pages in a deceptive manner;
• send unlawful spam; or
• use SCHWARZMAN branding in a way that falsely implies official endorsement.

8. Referral disclosure

Where advertising, consumer-protection or endorsement law requires disclosure of the economic relationship, the participant must clearly disclose that they may receive a reward.

A suitable disclosure is:

“I may receive a SCHWARZMAN referral reward if you join through this link.”

The disclosure must be clear and reasonably close to the referral promotion.

9. Reward reversals

A reward may be withheld, cancelled or reversed if:

• the qualifying membership charge is refunded, reversed or charged back;
• the referral was fraudulent, duplicated or self-generated;
• the eligibility conditions were not met;
• the underlying account is invalid;
• the reward was credited in error; or
• the participant materially breached these Referral Program Terms.

10. Availability

Referral functionality may be unavailable in certain jurisdictions or for certain accounts.

11. Taxes

Participants are responsible for determining and paying taxes applicable to referral rewards.

12. Program changes or termination

SCHWARZMAN may modify, suspend or discontinue the Referral Program prospectively.

A program change does not normally cancel a reward validly earned before the effective change, except where the reward is subject to reversal under Section 9.

13. Abuse review

SCHWARZMAN may investigate suspected referral abuse and may temporarily withhold a reward while reasonably necessary to complete the review.

14. Contact

Questions regarding referral rewards may be submitted through the in-app support function.