Waitlist Contest Rules

Last updated June 21st, 2021

NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. THE GOVERNING LAW AND REGULATIONS OF THE UNITED KINGDOM APPLY. PARTICIPATION IN THE CONTEST CONSTITUTES YOUR AGREEMENT TO AND ACCEPTANCE OF THE OFFICIAL RULES (“RULES”) BELOW.

AN AFFIDAVIT OF ELIGIBILITY/ PRIZE ACCEPTANCE DOCUMENTS MAY BE REQUIRED. All disputes will be resolved solely by binding arbitration. You may opt-out of arbitration by sending an email to hello@uselit.com or physical letter to LIT TECHNOLOGIES LTD within 30 days of your initial participation in this contest.

SPONSOR. This contest is sponsored by LIT TECHNOLOGIES LTD 4th FLOOR 39 DOVER STREET LONDON W1S 4NN UNITED KINGDOM (“Sponsor”). References to Sponsor in this Agreement shall refer solely to the company sponsoring the contest and, its parent company, affiliates, subsidiaries and respective employees, officers and directors.

1. Eligibility

This Sponsor Referral Contest (the “Contest”) is open to legal residents of the United Kingdom and are at least the age of 18. Employees of Sponsor and other companies associated with the promotion of the Contest, and their respective parents, subsidiaries, affiliates and advertising and promotion agencies as well as the immediate family (spouse, parents, siblings, and children) and household members of each such employee are not eligible. The Contest is subject to federal, state, and local laws and regulations. The Contest is subject to national and local laws and regulations.

2. Agreement to Rules

Participation in the Contest constitutes your agreement to and acceptance of these Rules and the decisions of the Sponsor, which are final and binding. Winning a Reward is contingent upon being and staying compliant with these Rules.

3. How to Enter

During the Contest Period, you will have the opportunity to generate unique links to send to your family and friends (“Contacts”) that you would like to refer Sponsor to. As more and more of your referred Contacts sign-up for the Sponsor’s services, you stand to win more exciting Rewards. In order to constitute a valid referral, your Contacts must: 1) sign up for the Sponsor’s services during the Contest Period; 2) use a valid email address to sign up that is verified by the Contact in a verification email; 3) use a valid phone number to sign up that is verified by the Contact in a verification sms; and 4) not already have an account with the Sponsor. Each valid referral will be marked as an Entry in the Contest.

There is no limit to the number of referrals you may make per day for the duration of the Contest Period. All Entries become the property of Sponsor and will not be acknowledged or returned.

4. Contest Period

The Contest begins when announced by the Sponsor which is after the number of entered contestants have exceed 1 000. The Contest will end when the Sponsor announces it via email to all entered contestants at minimum 7 days before the end date and time. Entries that are submitted after the Contest Period will be disqualified.

5. Prizes and Reward Levels

To receive a cash reward the contestant is subject to opening an account with LIT, according to its Terms & Conditions, and order a free LIT debit card which the reward will be deposited to. A winner must share a post on their Twitter or Instagram account explaining that they have won a cash reward and tag @GET_LIT_APP.

Leaderboard

On or about the end date and end time, the Sponsor will tally the number of eligible points received and Entries received through each referring party. The contestants who have earned the most points when the Contest ends win cash prizes deposited to their LIT account when signed up according to the following table:

1. £1 000 deposited to their LIT card

2. £750 deposited to their LIT card

3. £500 deposited to their LIT card

4. £250 deposited to their LIT card

5-10. £100 deposited to their LIT card

11-20. £50 deposited to their LIT card

21-50. £20 deposited to their LIT card

51-100. £10 deposited to their LIT card

Weekly cash prizes

Contestants have the chance to win weekly cash prizes of up to £100 after the Contest Period has started till the end of the Contest as defined in section 4 above. The three contestants who have earned most new points during the week counting from Monday 00:00 am to Sunday 11:59 pm will be rewarded as winners with £60, £25 and £15.

Rewards

Contestants can also earn rewards:
• If you receive at least 5 points derived from eligible Entries, you will receive Early access priority to open a LIT account.

• If you receive at least 10 points derived from eligible Entries, you will be guaranteed Beta Access priority to open a LIT account and join the teams locked Discord channel.

• If you receive at least 20 points derived from eligible Entries, you will receive a free LIT AF subscription 6 months including free physical LIT debit card.

• If you receive at least 50 points derived from eligible Entries, you will receive a reward that will be revealed when the contest has ended.

6. Winner notification

This section is only applicable to referring parties that qualify for a Reward. Sponsor will attempt to notify the potential winner(s) via email at least three (3) days before the reward can be utilized. If you are eligible for a Reward, you will be notified via the email you submitted to enter the contest. You might be required to respond to us within three (3) days of the date of notice or attempted notice is sent, in order to claim your Reward. If you cannot be contacted, or you fail to respond appropriately within the required time period, or the Reward is returned as undeliverable, you forfeit your Reward.

If you are at least eighteen (18) but are still considered a minor in your jurisdiction of residence, Sponsor reserves the right to place the Reward in the name of your parent or legal guardian, who will be required to sign the Declaration of Claim on your behalf and fulfil any other requirements imposed on you set forth herein. Receiving a Reward of any type is contingent upon fulfilling all requirements and compliance with these Rules. In the event that a Reward recipient is disqualified for any reason, Sponsor is not obliged to provide an alternate Reward, or extend the Contest Period in any way.

7. General Conditions

In the event that the operation, security, or administration of the Contest is impaired in any way for any reason, including, but not limited to fraud, technical problems, security malfunctions or in the event the Contest is unable to run as planned for any other reason, as determined by Sponsor in its sole discretion, Sponsor may, in its sole discretion, either: (1) suspend the Contest to address the impairment and then resume in a manner that best conforms to the spirit of these Rules; or (2) terminate the Contest and, in the event of termination, no participant shall be eligible for a Reward of any type.

Sponsor reserves the right in its sole discretion to disqualify any individual it finds to be tampering with the operation of the Contest or to be acting in violation of these Rules or in a disruptive manner. Any attempt by any person to damage the website or undermine the legitimate operation of the Contest may be a violation of criminal and civil law, and, should such an attempt be made, Sponsor reserves the right to seek damages (including legal fees) and any other remedies from any such person to the fullest extent permitted by law. Failure by Sponsor to enforce any provision of these Official Rules shall not constitute a waiver of that provision.

8. Release and Limitations of Liability

By participating in the Contest, you agree to release and hold harmless Sponsor, and each of its respective parents, subsidiaries, affiliates, advertising and promotion agencies, other companies associated with the Contest, and each of their respective officers, directors, employees, shareholders, representatives, and agents (together, “Released Parties”) from and against any claim or cause of action arising out of participation in the Contest or receipt of a Reward, including, but not limited to: (a) any technical errors associated with the Contest, including lost, interrupted or unavailable Internet Service Provider (ISP), network, server, or wireless service provider; (b) unauthorized human intervention in the Contest; (c) mechanical human, printing or typographical errors; or (d) injury, death, losses or damages of any kind, to persons or property which may be caused, directly or indirectly, in whole or in part, from your participation in the Contest or acceptance, receipt or misuse of any Reward you may receive. You further agree that in any cause of action, the Released Parties’ liability will be limited to the cost of entering and participating in the Contest, and in no event shall the entrant be entitled to receive legal’s fees. Released Parties are also not responsible for any incorrect or inaccurate information, whether caused by site users, tampering, hacking, or by any equipment or programming associated with or utilized in the Contest.

9. Privacy & Information Submitted

As a condition of entering the Contest, you give consent for Sponsor to obtain and deliver his or her name, address and other information to third parties for the purpose of administering this Contest and to comply with applicable laws, regulations and rules.  Any information you provide to Sponsor may be used to communicate with you in relation to this Contest or on a Contest Winner’s list.  Information submitted in connection will be treated in accordance with the Sponsor’s Privacy Notice.

10. Miscellaneous

The invalidity or unenforceability of any provision of these Rules or the prize acceptance documents will not affect the validity or enforceability of any other provision.  In the event that any provision of the Rules is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.  Sponsor’s failure to enforce any term of these Rules will not constitute a waiver of that provision.  You agree to waive any rights to claim ambiguity of these Rules.  Headings are solely for convenience of reference and will not be deemed to affect in any manner the meaning or intent of the documents or any provision hereof. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in any Contest-related materials, privacy policy or terms of use on the Site and/or the terms and conditions of the Rules, the Rules shall prevail, govern and control.

11. Arbitration

These Rules shall be governed by, and construed in accordance with, the laws of United Kingdom, without giving effect to any choice of law or conflict of law rules, which would cause the application of the laws of any jurisdiction other than United Kingdom. Except where prohibited, you agree that any and all disputes, claims and causes of action arising out of, or connected with, the Contest or any Reward awarded shall be resolved by binding arbitration, without resort to any form of class action, and exclusively by the appropriate court located in London, United Kingdom. Arbitration proceedings shall take place in London, United Kingdom. Each party is responsible for paying its own filing, administrative and arbitrator fees. Judgment on the arbitration award may be entered in any court having jurisdiction thereof.