BNK Connect | Inner Circle Agreement
BNK CONNECT INNER CIRCLE PARTICIPATION AGREEMENT| Version 1.0 | Effective: April 2026
This Participation Agreement (“Agreement”) is entered into between:
BNK Connect (Pty) Ltd, a private company registered in South Africa (2023/940577/07), with its principal office at Watershed, 17 Dock Rd, V&A Waterfront, Cape Town, 8001 (“BNK Connect”),
and (“the Partner”)
1. Purpose: The Partner is being invited into the BNK Connect Inner Circle — a curated program for high-trust industry leaders who will support the growth of BNK Connect by referring users, testing new features, and amplifying the brand.
2. Role & Contribution: As a BNK Connect Inner Circle Partner, the individual agrees to:
- Promote BNK Connect to relevant audiences within their network
- Share their unique affiliate code or referral link
- Provide informal feedback on features when requested
- Represent the brand professionally in both online and offline spaces
3. Referral Compensation:
- The Partner will receive 20% of the referred user’s first-month subscription fee as the standard rate. Partners who refer 5 or more verified paying members within a single calendar month qualify for a 30% rate for that month. BNK Connect may introduce additional campaign-specific rates with prior written notice to active partners.
- Referrals are only valid when the referred user becomes a paying member
- Payouts will be processed monthly based on verified referrals
- BNK Connect may offer additional bonus tiers for high performance
- Payouts will be processed via EFT to the Partner’s nominated South African bank account by the 15th of the month following the qualifying referral. A minimum payout threshold of R200 applies. Earnings below this threshold will accumulate and be paid in the first month the threshold is reached.
- Referrals are tracked via the Partner’s unique referral link or code assigned by BNK Connect. A referral is considered verified once the referred user completes payment of their first subscription. In the event of a tracking dispute, the Partner must notify BNK Connect in writing within 14 days of the relevant payout date. BNK Connect will review and respond within 7 business days.
4. Program Access & Visibility: The Partner will receive:
- Early access to BNK Connect features
- Visibility through BNK Connect’s social platforms and campaigns. BNK Connect will request separate written or electronic consent from the Partner before featuring their name, image, or likeness in any public-facing material
- Opportunities to co-host events or activations
- Priority support and access to strategy feedback sessions
5. Conduct & Expectations: Partners must:
- Represent BNK Connect’s values with integrity
- Avoid misleading or dishonest promotions
- Comply with all applicable marketing laws and platform guidelines BNK Connect reserves the right to terminate access to the program if behavior conflicts with these expectations.
6. Intellectual Property: Partners must:
- Any content created by the Partner that features BNK Connect branding, materials, or intellectual property remains the property of its creator.
- The Partner grants BNK Connect a non-exclusive, royalty-free licence to reshare or repurpose such content on its own platforms, provided the Partner is credited.
- BNK Connect retains ownership of all its own brand assets, platform content, and proprietary materials shared with the Partner.
7. Confidentiality: Partner may receive access to unreleased features, strategies, or other sensitive business information. All such materials are confidential and may not be disclosed without written permission from BNK Connect.
8. Term & Termination: This Agreement remains active until terminated by either party with 14 days written notice delivered via email. Upon termination, the Partner’s referral link will be deactivated. Any verified referral earnings accrued prior to termination will be paid out at the next scheduled payout date.
9. Independent Relationship: This Agreement does not create an employer-employee, joint venture, or agency relationship. The Partner participates independently and voluntarily.
10. Governing Law: This Agreement is governed by the laws of the Republic of South Africa. Disputes shall fall under the jurisdiction of South African courts.