1. Introduction

1.1 These Terms and Conditions remain active and in effect solely for the duration of any ‘refer a friend’ promotion.

1.2 These terms and conditions set the criteria upon which LEOcrowdfunding Limited (Firm Reference Number 821497), an appointed representative of Share In Ltd (“ShareIn”) (Firm Reference Number 603332) which is authorised and regulated by the Financial Conduct Authority, will accept participants in the ‘refer a friend’ promotion.

1.3 Any changes to the terms of the ‘refer a friend’ promotion will be communicated via e-mail. Adjustments to the conditions, including closure or suspension of the ‘refer a friend’ promotion, will be communicated via ‘investor update’ e-mails. 

2. Qualifying Criteria

2.1 The ‘refer a friend’ promotion is available for investors on the LEOcrowdfunding platform who have invested a minimum of £100; pursuant to the Investor Terms and Conditions

2.2 In accordance with 2.1, each person being referred (“referral”) must qualify to be an investor on the LEOcrowdfunding platform; as laid out in clause 2.3.

2.3 The qualifying criteria to become an investor on the LEOcrowdfunding platform include, but are not limited to:

(a) Passing the ‘appropriateness test’

(b) Investor classification

(c) Full KYC and AML checks carried out by Share In Ltd in conjunction with its third party KYC provider

(d) Agreement of the Investor Terms and Conditions

2.4 The referrer must be an existing client on the LEOcrowdfunding platform and have passed the investor qualification criteria detailed in Clause 2.3. .

2.5 The referral must invest a minimum of £100 in a LEOcrowdfunding project.

2.6 The referrer must provide the referral with the unique code found in the referrer’s LEOcrowdfunding account by navigating to the Refer a Friend page under Account > Profile.

2.7 The referral must sign up to the LEOcrowdfunding platform using the unique code referred to in Clause 2.6

2.8 If either of the referrer or referral accounts are closed prior to investment, then the reward under Clause 3 will not be payable.

2.9 The referrer and referral must be separate, distinct persons.

2.10 The maximum number of referrals that a referrer can make during a 12 month period is 20 across all ‘refer a friend’ promotions

2.11 The referral must not have previously opened an account with LEOCrowdfunding or have a financial interest in any account held with us.

2.12 In the event that more than one person introduces a referral, the unique code that the referral uses shall determine which referrer is entitled to the reward.

3. Payment of Financial reward

3.1 If the conditions laid out in Clause 2 have been met, then the reward of £50 will be awarded to the referrer, only after the referral has made the relevant investment, the funds have been drawn down, and we have received our success fee from the fund raiser.

3.2 It is the responsibility of the referrer to inform the referral of the conditions that must be met for a payment to be made, as laid out in Clauses 2 and 4.

3.3 The reward will be credited to the referrer’s LEOCrowdfunding account, assigned on sign-up to the platform, at the end of the calendar month of investment

3.4 Should the referrer’s financial reward(s) be subject to taxation, LEOcrowdfunding will not be responsible for the payment of any tax relief or deductions as a result of the ‘refer a friend’ financial reward. This remains the responsibility of the referrer.

3.5 No alternative financial reward will be granted in lieu of the amount(s) credited to the referrer’s LEOCrowdfunding account.

4. Process for making introductions

4.1 The referrer confirms that it shall obtain the express permission of each referral to use their contact details for the purposes of the ‘refer a friend’ promotion.

4.2 The referrer confirms that only referrals that have used the unique code, referred to in Clause 2.6, will be eligible to participate in the ‘refer a friend’ promotion.

4.3 The referrer shall not provide advice or recommendations about the investments and investment services available through LEOCrowdfunding.

4.4 The referrer shall comply with any directions from LEOCrowdfunding relating to the making of introductions from time to time

5. Limitations

5.1 LEOcrowdfunding assesses the eligibility of all Investors, pursuant to the Investor Terms and Conditions and has the right to refuse to accept a referral as a client at its discretion. .

5.2 LEOcrowdfunding shall not be held responsible for any kind of corruption of data or hardware that occurs as a result of participation in this promotion.

5.3 The referrer must reimburse LEOcrowdfunding for any financial reward payment if it is subsequently discovered that any of the criteria laid out in Clauses 2 and 4 had been breached. LEOCrowdfunding may deduct sums owing to it pursuant to this clause 5.3 from returns due to the referrer in their capacity as an investor.

5.4 LEOcrowdfunding reserves the right to amend or withdraw the ‘refer a friend’ promotion at any time without notice, provided that such withdrawal or amendment shall not affect completed referrals where LEOcrowdfunding has accepted investment from a referral.

6. Miscellaneous

6.1 Your rights as an investor, and referrer, remain in accordance with the Investor Terms and Conditions.  

6.2 These Terms and Conditions are governed in accordance with English law and any dispute arising under it shall be subject to the exclusive jurisdiction of the courts of England and Wales.

6.3 This offer is promoted by LEOcrowdfunding Ltd, registered at 3rd Floor, 207 Regents Street, London, W1B 3HH.

6.4 Share In Ltd may enforce any term of this agreement to the extent that it relates to compliance with legal or regulated requirements. Otherwise than provided by this clause 6.5, no other person shall be entitled to enforce the terms of this agreement and the provisions of the Contracts (Rights of Third Parties) Act 1999 are dis-applied.

6.5 For queries relating to the ‘refer a friend’ promotion, please contact us on [email protected]. For general enquiries, please contact us on [email protected]