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Listing Company Terms and Conditions

1. Introduction

These Listing Company Terms and Conditions (the “Company Terms”) describe: 

These Company Terms should be read in conjunction with the License Agreement, the License Terms and Conditions, the Listing Agreement, the Buyer Terms and Conditions and the ILOCX Terms of Use which form part of the entire Terms and Conditions, as well all ILOCX rules, policies, rulings and procedural requirements (collectively the “ILOCX Terms and Conditions”). 

Before you List on the ILOCX Platform, you must read these Company Terms and enter into the Listing Agreement. You should keep a copy of these Company Terms safe for future reference. You can also download the latest version from the Website.

In these Company Terms “we”, “us” or “our” means ILOCX Platform. “Listing Companies”, “You”, “Your”, “it” or “its” means a Listing Company. 

By creating and maintaining the Company Listing, you agree to be bound by these Company Terms and the Listing Agreement. You agree to access and use the ILOCX Platform and the Website for the purposes of selling ILO Licenses to ILO Buyers as envisaged by, and in accordance with, these Company Terms and the Listing Agreement.

If, after reading these Listing Company Terms and Conditions, you feel you are not able to comply with your obligations under them, or you do not wish to be bound by them, then you should not proceed to enter into the Listing Agreement, create the Company Listing or access the ILOCX Platform.

If you have any questions or queries, you should contact us by email at [email protected]

We allow certain Listing Agents to make Listing Applications on behalf of you who are clients or representatives of those Listing Agents. If a Listing Agent makes a Listing Application on behalf of a Listing Company then:

2. The ILOCX Platform and ILOCX’s Role 

The ILOCX Platform is a platform that matches those who wish to buy ILO Licenses with those who wish to sell ILO Licenses. Our role is to: 

3. Intermediary Services 

We, or others we instruct, perform the following Intermediary Services: 

You authorise us to provide or arrange the provision of the Intermediary Services for you.

In connection with our Intermediary Services, we collect personal information from The Listing Company and from third parties about directors and the Listing Company including competitors and pricing factors, including but not limited to information the Listing Company provides about its products and services, the financial position now and the projected financial position. The Listing Company is bound by the Company Terms to ensure that the information provided to us is true and accurate in all respects and is not misleading.  We cannot guarantee its accuracy but to the best of our ability we perform due diligence on the claims made and projections provided without giving advice. Accordingly, we accept no responsibility or liability for the inaccuracy of such information. We may from time to time update the information we provide, when we are given new or additional information, but we shall have no obligation to do so. Please refer to our Privacy Policy for full details.

No information, activity or process undertaken, or outcome reached, in connection with the provision of Intermediary Services is intended to constitute or be construed as advice, recommendations or guarantee by ILOCX Platform or any Listing Company as to the creditworthiness of a Listing Company or any ILO Buyer, the amount of License Royalty payments you be required to make, or the likelihood of payment defaults that may occur, in relation to any ILO License.

4. Our Agreement with Listing Companies

These Company Terms and the Listing Agreement set out the basis of our relationship with you as a Listing Company.

We do not guarantee you will be able to sell ILO Licenses through the ILOCX Platform.

The License Agreement and the License Terms set out your selling relationship with an ILO Buyer. A License Agreement is between a Listing Company and the ILO Buyer, in addition ILOCX has certain rights under it to enable us to perform our role properly. If there is any conflict between these Company Terms and the License Agreement, the terms of the License Agreement will prevail.

We will not perform any management functions on behalf of the Listing Company in respect of any ILO Licenses that the Listing Company approve and issue. It is the Listing Company’s sole decision whether or not to sell to ILO Buyers on the ILOCX Platform. You should seek independent financial, legal, tax or other professional advice prior to deciding to sell through the ILOCX Platform. There are certain sectors which require additional approvals to sell ILO Licenses and or offer affiliate programs, for example, where regulation may prevent the promotion of some regulated products. Please check with the Listing Team if your product falls under any local or national regulatory scrutiny. 4.5. We are not authorised to give investment advice. No information contained on the ILOCX Platform or on the Website constitutes investment advice and should not be treated as such.

Except where you have obtained our specific prior written consent, you: 

5. Cancellation 

You may cancel your agreement with us within 14 days of your signing the ILOCX Term Sheet unless during the 14 day cancellation period, your ILO is launched and you enter into a License Agreement in which case will lose your right to cancel. This means that you will be unable to close your Company Listing other than in accordance Section 17 (Ceasing to be a Listing Company with ILOCX Platform and termination) and Section 10 (Termination) of the Listing Agreement.

If you cancel your Company Listing within the 14 day period, then an accounting will be drawn up and any refund due from the Application Fee will be repaid to the company.  No refund of the Application Fee will be due if the Company Listing is not cancelled within 14 days of your signing the ILOCX Term Sheet.  

If you wish to exercise your right to cancel you must contact us by email [email protected] within the 14 day cancellation period.

6. Listing Company Eligibility Criteria 

To access and use the ILOCX Platform for the purposes of selling you must create and maintain a Listing Company Account and Company Listing. To be eligible to do so, unless we agree otherwise, you must satisfy the following Listing Company Eligibility Criteria: 

We may change the Listing Company Eligibility Criteria from time to time.

If you cease to satisfy the Listing Company Eligibility Criteria, we may close your Company Listing in accordance with the process set out in Section 17 (Ceasing to be a Listing Company with ILOCX Platform and termination). 

7. Creating a Company Listing 

Before you can sell on the ILOCX Platform you must create a Listing Company Account and a Company Listing.  We have absolute discretion whether to accept or reject your application to become a Listing Company and create a Company Listing, even if you satisfy the Listing Company Eligibility Criteria.

You confirm and agree that, when you create a Listing Company Account and a Company Listing and for so long as you maintain the Listing Company Account and Company Listing: 

 If any of the statements cease to be true you must contact us as soon as possible by email ([email protected]) to tell us.

You must update your Listing Company Account and Company Listing when your details change or tell us and we will update your details.  If there is any material change in the business, including but not limited to a product recall, a merger or takeover, a change in law in your jurisdiction, an investigation by a governmental or statutory body, an investigation or sanctions by a regulatory body, or a threatened lawsuit, you must report this to ILOCX by email to [email protected]

You must provide us with the sort code and account number of your Nominated Bank Account.

When you create a Listing Company Account you must provide a username, a valid e-mail address, a password and certain security information. your username and password are unique to your Listing Company Account and are non-transferable without our specific prior written consent. You will need them to access certain restricted areas of the Website.  You must keep your username, password and security information secure and confidential. You are responsible for all activity on or through your Listing Company Account, the ILOCX Platform, and in connection with your Nominated Bank, including all activity by anyone that uses your username, password or security information, whether or not they have been authorised by you. You must provide all authorised persons with a copy of these Company Terms and ensure that they comply with them when accessing and using the ILOCX Platform and a Listing Company Listing.

 You must not transfer your Listing Company Account to another person, or permit another person to use your Listing Company Account, without our specific prior written consent.

You must notify us immediately if you believe that an unauthorised person is using your Listing Company Account or the security of Listing Company Account has been or might be breached.

We can assume that all correspondence, orders, transfers and instructions made by reference to your username and password are made by you.

We can decline to act on your instructions or suspend your Listing Company Account or Company Listing if we suspect illegal or fraudulent activity or unauthorised use of your Listing Company Account or Company Listing. 

8. Selling and License Agreements 

ILO Buyers acquire ILO Licenses through the primary and secondary markets on the ILOCX Platform. The primary market is where new ILO Licenses are originated by you, and the secondary market enables the sale and purchase of existing ILO Licenses among ILO Buyers.

When you sell an ILO License on the ILOCX Platform you agree to and accept the License Terms. 

Before you can start to sell to ILO Buyers you must agree to, and accept the Listing Agreement, and complete the Corporate Resolution and Directors’ Declarations. The Help Pages explain how you can launch your Company Listing and how the selling process works.

You must only sell ILO Licenses through the ILOCX Platform and associated websites. You can choose to stop future selling by contacting us at [email protected] 

You may elect to issue a limited Friends and Family Round at a discount to the ILO License Unit Price.  This round is by invitation only at the discretion of the Listing Company.    You may elect to issue a limited number of ILO Licenses at no cost to Influencers who will promote the ILO Licenses to their large networks and build momentum. This Influencer Round is by invitation only at the discretion of the Listing Company. 

Your Company’s directors and employees may buy ILO units from your Company’s issuance or by trading on the ILOCX Platform and may receive royalties on any qualified licenses they own.  In the interests of full disclosure,  if a Company Director buys or sells more than 20% of the total issuance, then they should complete a Notification of Major Interest in ILOs form for submission to the ILOCX and issue a short news announcement to be posted on the Company’s ILO page on the ILOCX website. 

Each License Agreement is governed by the License Terms. Once the ILO Buyer makes payment on the ILO Platform, the License Request is successfully completed, and the License Agreement is automatically formed between you and the relevant ILO Buyer who is logged as owner of record on the ILOCX Live Ledger.

Funds from the sale of your ILO Units are deposited in your ILOCX Wallet, less applicable fees.  These can then be transferred to your Nominated Bank or can be left in your Listing Company Wallet until such time as you instruct us to send them to your Nominated Bank. Funds held in your Listing Company Wallet do not earn interest.

Information regarding your Listing Company Listing, the License sales you have made, funds in your Listing Company Wallet and other information relating to your selling is viewable in your Listing Company Dashboard.

We may: 

We can enforce certain terms under a License Agreement and can take certain action on behalf of you or the relevant ILO Buyer.  

We may amend the License Terms from time to time for the following reasons:  

We will always try to give you at least one month’s notice of an amendment to the License Terms by notifying you of the proposed change through the Website or sending an email to your registered email address. However, this may not always be possible, and we may make changes on shorter notice periods.  If you do not agree with any changes that we make to the License Terms, please notify us by email on [email protected]   

11.  Missed Royalty Payments and Defaulted Licenses 

Under the License Agreement ILO Buyers are entitled to Royalty Payments upon Qualification of the ILO License by distributing marketing materials to their business & social networks and social media accounts under the License Agreement and the License Terms. Royalties may be rounded up or down to the nearest decimal digit. 

Neither we nor any ILOCX Company guarantee any payments that are due from your Listing Company to ILO Buyers under any License Agreement.  Listing Companies are fully responsible for all payments due to ILO Buyers. 

If a Listing Company misses a Royalty Payment due under a License Agreement, we will take certain administrative steps to pursue the missed payments. This may include engaging with the Listing Company, seeking more information from them, and attempting to recover the outstanding sums due from them. In each case we will take the recovery action that we consider to be in the best interests of the affected ILO Buyers as a whole. We may recover our reasonable costs as a priority from any amounts recovered. 

If we are unable to recover the amounts outstanding under an ILO License, we may also appoint a Collections Agent who will seek to collect and recover any outstanding sums due under the ILO License on your and other ILO Buyers’ behalf. A Collections Agent may charge a Collections Fee, which is payable by the Listing Company, and this will be added to the overall amount that the Collections Agent is seeking to collect and recover from the Listing Company. The Collections Fee will be paid in priority to any distributions to ILO Buyers. 

If a Listing Company fails to make a payment due under a License Agreement or is otherwise in breach of any term of the License Agreement, we may demand repayment of, and engage field agents to attempt to collect, the total late amount and applicable Royalties. We may deduct up to 40% of the amount recovered from the Listing Company to cover any costs and fees (such as field agents and legal advisers) incurred in recovering the total late amount. Any remaining proceeds will be distributed to each relevant ILO Buyer in proportion to the amount of each ILO Buyer’s ILO Licenses as a percentage of the Total ILO Licenses in issue. 

13. Trading of Licenses and Order Stacking

Any form of Order Stacking is prohibited on the ILO Platform.  If an ILO Buyer is deemed to be buying and selling ILO Licenses on the ILO Platform secondary market, with the sole purpose of increasing the price, this will be monitored by the system and may result in the closure of their ILO Buyer Account.  Should any Order Stacking be suspected, a full investigation will take place during which an ILO Buyer will be able to respond.     

14. Withdrawing Funds 

Each week you will receive an up to date email statement of sales of the Company’s ILOs and you can see your wallet balance in your Company dashboard.  15 days after funds are cleared through the processing agent, you can withdraw available funds that have been earned from your Company Listing less fees as laid out in the Fees and Charges Section. 

All withdrawals must be to your Nominated Bank.  You can specify the total amount of funds that you wish to withdraw but, depending on the withdrawal amount requested and the bank charges due for the funds transfer, it may not always be advisable to withdraw small amounts. 

15. Fees and Charges 

Unless otherwise stated in the Term Sheet, a non-refundable application fee of $25,000 is charged for a standard listing on the ILOCX. This fee can be paid monthly at the discretion of ILOCX. 

You must pay an annual listing fee of USD $25,000 which is due each year for the duration of the listing, payable on each anniversary of the date of the launch of the ILO on the Exchange.  This fee can be paid monthly at the discretion of ILOCX. 

ILOCX charges you ILO Purchasing Fees of 10% of the Listing Company’s ILO Purchase Price on each ILO sold on the ILO Exchange.  This fee includes all Payment Gateway Charges and Wiring Charges which may vary. 

If we incur any fees or charges, such as disputed transaction fees, bank fees or payment processing charges in our provision of Intermediary Services to you or otherwise, we will make you aware of these and you will reimburse us for all such costs we incur. To facilitate the reimbursement, you authorise us to access and withdraw funds from your Company Wallet, or collect the fee or charges from any payments due to you. We also reserve the right to request payment directly from you in relation to such incurred fees or charges. 

We reserve the right to change or waive any applicable fees from time to time. 

16.  Amendments 

We may make changes to these Company Terms from time to time without your consent for any of the following reasons: 

We will always try to give you at least one month’s notice of an amendment to these Company Terms by notifying you of the proposed change through the Website or sending an email to your registered email address. However, this may not always be possible and we may make changes on shorter notice periods. Subject to clause 16.2, if you do not agree with any changes that we make to these Company Terms you are able to close your Listing Company Listing at any time by contacting us by email ([email protected]). 

By continuing to access and use the ILOCX Platform after any changes to these Listing Company Terms and Conditions, you accept and agree to be bound by the updated Listing Company Terms and Conditions. 

If an ILO Buyer does not agree with any changes that we make to the ILO Buyer Terms and Conditions, they may request permission from you to terminate use of the intermediary services, including but not limited to access to the ILO Platform, ILO Buyer Wallet, Buyer Dashboard, Secondary Trading Platform and any royalty payment delivery, ILO purchasing, ILO trading or License Transferring Services available through them.  You have the right to deny their request to terminate the Intermediary Services and deal with them directly for example if you do not have the resources to manage the License Agreement with ILO Buyers directly.  

If the Listing Company grants permission for an ILO Buyer to manage their License Agreements with you directly, you must notify us by email on [email protected]   

17. Ceasing to be a Listing Company with ILOCX and Termination 

If you no longer wish to be a Listing Company then, provided you have: 

you can notify us at any time and we will close your Listing Company Listing. 

If you wish to close your Listing Company Listing but the following circumstances apply: 

you must either (depending on the circumstances): 

We may give you notice that we intend to close your Listing Company Listing at any time if: 

If we give you notice under this Section, we will remit any remaining funds to which you are entitled, less any fees which may be owed to us, ILO Buyers or any other party, to your Nominated Bank Listing and then close your Listing Company Listing. 

18. Your Liability to Us 

You will be liable to us for any foreseeable loss or damage suffered by us as a result of: 

You will be liable to us for all Fees and Charges due under Section 15 

You will not be liable to us for any loss or damage which is not foreseeable. 

19. Our Liability to Listing Companies 

Except as stated in the following paragraphs, we will be liable to you for any foreseeable loss or damage suffered by you as a result of: 

We will not be liable to you for loss or damage (whether or not this is foreseeable) arising from any action taken (or not taken) in relation to buying, trading, selling or paying and receiving royalties from any ILO License, or from circumstances that are beyond our reasonable control. 

Nothing in these Company Terms will exclude or limit our liability for death or personal injury caused by our negligence or fraud, or for any other liability that cannot lawfully be excluded or limited under applicable laws and regulation. 

20. Conflicts of Interest 

We will ensure that any potential conflicts of interest that might arise between an ILO Buyer and a Listing Company, or different Listing Companies, are identified and managed effectively in accordance with these terms and conditions. More information can be found on this in the Help Pages and on the Website. 

21. Complaints 

We always try to offer the best service possible. However, if you are unhappy with any service or product offered by us or any ILO Buyer, please contact us by email ([email protected]). We will endeavour to resolve your complaint as quickly and as fairly as possible. 

More information on how to complain and how complaints are dealt with by us can be found on the Website and in the Help Pages. 

Should you not be satisfied with the resolution to your complaint, ILOCX offers an arbitration service.  If agreement cannot be reached within fourteen days, either party may request the appointment of the arbitrator, in accordance with the Arbitration Act of England and Wales.  Arbitration shall be held in England and Wales.  As a further incentive to avoid disputes, each party shall bear its own costs, with respect thereto, and with respect to any proceedings in any court brought to enforce or overturn any arbitration award. This provision is expressly intended to discourage litigation and to encourage orderly, timely and economical resolution of any disputes which may occur. 

21. Back-up Servicer 

If the ILOCX Platform fails or we become insolvent, we will transfer our License servicing obligations to any third party back-up servicer with whom we have in place a backup servicing arrangement. 

If the back-up servicer is engaged: 

We can change our back-up servicer or the specific details of the arrangement we have with them at any time without giving you notice. We may also engage the back-up servicer before the onset of insolvency or for any other reason if we believe that this action is in the best interests of our customers. 

Any back-up servicer may enforce all rights available to it under the Contracts (Rights of Third Parties) Act 1999. 

22. Other Miscellaneous Terms 

If any provision of these Company Terms is found to be illegal, invalid or unenforceable by any court of competent jurisdiction, this will not affect the validity and enforceability of the remaining provisions. 

The ILOCX Website and Platform is an online service and all documents or notices that we wish to send you may be delivered to you through the Website to your Listing Company Listing. Listing Companies may also receive by email a prompt from time to time for you to log into your Listing Company Listing. We may also send you letters to the address you have registered with us or in any other manner we consider appropriate. 

Our rights under these Company Terms may be exercised as often as necessary, are cumulative and not exclusive of any rights or remedies provided by law. Delay in the exercise of any right granted to us in these Company Terms is not a waiver of that right. 

We may assign or transfer all or part of our respective rights and obligations under these Company Terms to any person we reasonably consider capable of performing them. We may also exercise any of our rights through any ILOCX Platform Listing Company or a service provider we engage. Listing Companies cannot assign or transfer your rights and obligations under these Listing Company Terms and Conditions. 

These Company Terms are governed by and construed in accordance with English law. If any dispute (whether contractual or non-contractual) arises out of, or in connection with, these Listing Company Terms and Conditions, we and a Listing Company submit to the non-exclusive jurisdiction of the English courts. 

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Projected Royalties
We are commited to distribute 10% of revenue received by Blue Sky Solar evenly amongst qualified license holders. These are our projected total royalty payments:
LEARN MORE

YEAR 1

$40

YEAR 2

$60

YEAR 3

$150