This document (the "Agreement") sets out the terms and conditions agreed between netxbetting Ltd. (hereinafter "pferdewetten") and the person/company set out on the relevant application form (hereinafter "the Affiliate"), regarding the Affiliate´s application to join (and if the Affiliate´s application is successful, the Affiliate´s membership of betbird Partner Programme and to promote the pferdewetten.de site and the creation of internet hyperlinks from the Affiliate´s website to the betbird.com site (hereinafter the "Links").
pferdewetten may change all or any part of this Agreement at any time (even without prior notice to the contracting party). If applicable, notice will be given by message to the contracting party´s email address and will be deemed to be served immediately when sent by pferdewetten. If the Affiliate does not agree to the changes the Affiliate should terminate this Agreement in accordance with its terms. The Affiliate´s continued participation in pferdewetten Affiliate Program after pferdewetten have posted the changes will constitute binding acceptance of such changes.
01. Definition and interpretation
"Affiliate" means any natural and legal persons who, after having entered into pferdewettenPartners Programme, makes space on their homepage, website, other media platform or e-mail, etc. ("Affiliate Site" or "Advertising Space") available to pferdewetten for the marketing of the Business and/or Services and acquisition of New Depositors.
"Bonuses" means any so-called "free money", "free bets", "free-games", "money-back", "top-ups" and/or similar; and/or vouchers, rebates, discounts and/or similar that the New Depositor can utilise as payment for stakes (bets).
"Brand" means the name, concept or identity under which the Services or Business is generally, and from time to time, recognized in the public domain worldwide. The Brand is and remains the sole property of pferdewetten .
"Business" means the betbird´s business consisting of all betting on any vertical of the pferdewetten site: Sportsbook (including Horseracing).
"Confidential Information" means any information of a commercial value, essential for any of the Parties, such as, but not limited to: technology, market and business information, financial reports, know-how, trade secrets, products, processes, business strategies, information concerning research, databases, New Depositor lists, prospect and New Depositor data, supplier lists, marketing plans, product development, manner of operation or financial condition or prospects.
"Database" means the database regarding Affiliates and New Depositors, containing any betbird proprietary New Depositor data with relevance to the Agreement, including without limitation personal data and contact information, and excluding all other betbird databases, as it stands as of the date of this Agreement, and as it stands until the date of this Agreement being terminated. The Databases are assets of a financial value belonging to pferdewetten and represent a substantial investment made by betbird.
"Intellectual Property Rights" means any rights in computer software (including source codes), rights in databases, rights in know-how, design rights, topography rights, copyrights, trademarks, domain names, utility models, brands, business names, registrations of and applications to register any of the aforesaid items and/or rights in the nature of any of the aforesaid items.
"Payment Agent" means the person appointed by betbird to carry out on its behalf and name payments to the Affiliates.
"Personal data" means any information relating to any person, whether individual or legal that is or may be identified from time to time (directly or indirectly). It includes without limitation any and all information in relation to New Depositors and/or Affiliates.
"New Activities" means any services or products related to the Business which are not offered through betbird websites as of the date of this Agreement and which will be offered through betbird Websites following the date hereof.
"New Depositor" means a new customer having made, in compliance with the from time to time existing betbird customers terms and conditions, a first minimum deposit with betbird, or the equivalent amount in any other by betbird accepted currency, or more, and which deposit is utilized for bona fide transactions with an ultimate aim to establish and enter a normal commercial relationship with betbird within the framework of the Business.
"Net revenue" means the total sum of the following components:
On sportsbook activities, all gross monies received by betbird in respect of all settled bets made by Customers after deducting; (i) monies paid out to New Depositors as winnings; (ii) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) (iii) bad debts; (iv) fraud; (v) returned stakes; (vi) transactions which are reversed by instruction from the card-holder´s bank (commonly referred to as charge-backs); and (vii) voids and bet/deposit bonuses.
For the avoidance of doubt, any amounts referred to hereinabove in this definition are amounts attributable to a New Depositor only and are allocated pro rata subject to their participation in the revenue/costs generating events and the Affiliate concerned.
"Net Profit" means the Affiliates Net Revenue multiplied with the applicable commission percentage/level (see Commission Plan) depending on the Affiliates Total Net Revenue.
"Services" means the concept under which the Business is generally provided and, from time to time, made available in the public domain, in the format of language and localized customized homepages combined with call centre staff having the relevant language skills.
"Sub-Affiliate" means an affiliate that has been recruited by another affiliate using one of the sub-affiliate links to do so, enabling the Partner Programme to identify the relationship between Affiliate and Sub-affiliate.
"Technical Platform" means a technical tool, back office modules, functionalities and data to record, register and monitor the relevant Affiliate activities, Business and other activities between betbird and New Depositors, which materialize via the advertising space of the Affiliate concerned, ultimately allowing the management of Affiliates´s New Depositor accounts opened at betbird.
02. General scope and object
betbird requires third party advertising space to promote its Brand and increase its Business, notably via increasing the number of New Depositors, and will, from time to time in cooperation with third parties, negotiate, sign and carry out its affiliate marketing strategy. In the event betbird uses a third party for the (partial) roll-out of its affiliate marketing strategy, including contract negotiation, day-to-day management of the Technical platform, payment processing, marketing or other activities, this irrespective of the legal capacity of the intermediary, whether as agent, subcontractor or other, betbird is and remains exclusively responsible for the proper execution of the Agreement.
betbird expressly states that the promoting or soliciting of bets is subject to legal restrictions in some countries and may even be prohibited in some cases. These restrictions may vary from time to time. Thus, the Affiliate acknowledges that - should the promoting or soliciting of bets or the participation in prize games be prohibited under the rules and regulations of its country of domicile or be permissible only under certain preconditions not met - it may not enter into this agreement and shall, consequently, also not be entitled to post the link on its website. Should any disadvantages whatsoever arise for betbird or the Affiliate due to disregard of the relevant prohibitions in the country of domicile of the Affiliate, the Affiliate shall be exclusively liable for such disadvantages.
Please note that betbird does not accept Customers from USA, Malta and Turkey. betbird reserves the right to block additional countries and territories. To check which countries betbird definitely do accept customers from, please go to customer registration page (https://www.betbird.com/register.php) and scroll the drop down menu to see available countries.
The Affiliate further confirms that it operates the Affiliate Site under its own name and that it is fully and without restrictions authorised to dispose thereof.
Unless otherwise agreed in writing by the Parties, each Party shall remain exclusively responsible for all and any expenses (including investment and/or running costs) incurred in respect of the obligations it undertakes in terms of this Agreement and will have no right of recourse against the other Party in respect thereof.
03. The Affiliate´s integration in the Partner Programme
Upon conclusion of the Agreement, a unique partner identification code is assigned to the Affiliate, and Affiliate is integrated in the Technical Platform. By means of the link code assigned within the scope of the betbird Affiliate strategy, New Depositors acquired via the link on the Affiliate´s website and the bets placed during such sessions are registered and/or can be further tracked.
The preparation of additional advertising material relating to pferdewetten is only permissible with betbird ´s consent. Advertising material (of any kind whatsoever) may thus only be used after prior written approval by pferdewetten.
A change of the URL address of the Affiliate Site shall not constitute a change to the agreement and shall not affect its rights and obligations arising from this agreement.
04. Conduct of business
Throughout the Term, the Affiliate shall prominently incorporate and continually display the most up to date Marketing tools provided to the Affiliate by pferdewetten on all pages of the Affiliate Site in a manner and location agreed between the Affiliate and betbird and the Affiliate shall not alter the form, location or operation of the Marketing tools without betbird ´s prior consent.
The Affiliate agrees to give betbird the Affiliate´s reasonable assistance in respect of the display, access to, transmission and maintenance of the Links.
The Affiliate shall ensure that the Affiliate does not place any Marketing tools on pages of the Affiliate Site aimed at persons under the age of 18 years.
In the event that the Affiliate wishes to place the Marketing tools on websites other than the Affiliate Site, the Affiliate must first obtain pferdewetten ´s written consent.
betbird has the right to monitor the Affiliate Site to ensure the Affiliate are complying with the terms of this Agreement and the Affiliate shall provide pferdewetten with all data and information (including passwords) to enable betbird to perform such monitoring at no charge.
The Affiliate may not purchase or register keywords, search terms or other identifiers for use in any search engine, portal, sponsored advertising service or other search or referral service and which are identical or similar to any of betbird´s trademarks or otherwise include the word " betbird" or variations thereof, or include metatags on the Affiliate Site which are identical or similar to any of betbird´s trademarks.
Neither the Affiliate nor the Affiliate´s friends or relatives are eligible to become New Depositors (as defined below) and the Affiliate shall not be entitled to any share of Net revenue or any Fees (or any other remuneration from betbird) in relation to such relatives or friends. Relatives in this context shall include (without limitation) the Affiliate´s spouse, partner, parent, child or sibling. If betbird finds evidence of such conduct, the agreement will be terminated with immediate effect.
The Affiliate shall indemnify on demand and hold harmless pferdewetten from and against any and all losses, demands, claims, damages, costs, expenses (including consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by pferdewetten in consequence of any breach by the Affiliate of this Agreement.
The Affiliate shall not:
directly or indirectly offer any person or entity any consideration or incentive (including, without limitation, payment of money or other benefit) for using the Marketing tools on the Affiliate Site to access the betbird Site (e.g. by implementing any "rewards" program for persons or entities who use the Marketing tools on the Affiliate Site to access the betbird Site) without the consent of betbird;
read, intercept, record, redirect, interpret, or fill in the contents of any electronic form or other materials submitted to betbird by any person or entity;
in any way modify, redirect, suppress, or substitute the operation of any button, link, or other interactive feature of the betbird Site;
engage in transactions of any kind on the betbird Site on behalf of any third party, or authorise, assist, or encourage any other person or entity to do so.
take any action that could reasonably cause any end user confusion as to betbird´s relationship with the Affiliate, or as to the site on which any functions or transactions are occurring;
other than providing the Marketing tools on the Affiliate Site in accordance with this Agreement and any promotion contemplated by Clause 4(j), post or serve any advertisements or promotional content promoting the pferdewetten Site;
post or serve any advertisements or promotional content promoting the betbird Site or otherwise around or in conjunction with the display of the betbird Site (e.g., through any "framing" technique or technology or pop-up windows or pop-under windows), or assist, authorise or encourage any third party to take any such action;
attempt to artificially increase monies payable to the Affiliate by pferdewetten;
cause the betbird Site (or any page thereof) to open in a visitor´s browser other than as a result of the visitor clicking on a Link on the Affiliate Site; or
attempt to intercept or redirect (including, without limitation, via user-installed software) traffic from or on any website that participates in betbird´s affiliate program.
use any form of spam (including search engine spamming or spamdexing) or unsolicited mail in its attempts to refer New Depositors to the betbird Site. betbird determines, in its sole discretion, which the Affiliate has engaged in any of the foregoing activities or doubtful patterns, and the list above is not limitative. As a result betbird may without limiting any other rights or remedies available to it, (a) withhold any monies otherwise payable to the Affiliate, in particular adjust the commission earned on the offending player in the affiliate account to 0%, sever the relationship between the affiliate and the player account and/or (b) close the player and/or affiliate account and/or immediately terminate this Agreement.
If the Affiliate contacts any of the Affiliate´s users to promote the betbird Site or the Links, the Affiliate shall make clear in the body of any such communication that such communication is made without the knowledge or involvement of betbird and that any complaint that the relevant user may wish to make should be addressed to the Affiliate and not betbird.
05. betbird´s Obligations and Rights
betbird shall supply the Affiliate with the Marketing tools for inclusion on the Affiliate Site and may update such Marketing tools from time to time.
Subject to the Affiliate complying with betbird´s instructions with regard to tracking of New Depositors accessing the betbird Site via the Marketing tools on the Affiliate Site, betbird shall use its reasonable endeavours to ensure that whenever a New Depositor sign up to the betbird Site through the Marketing tools on the Affiliate Site and they subsequently place a bet with betbird, the relevant New Depositor is identified as originating from the Affiliate Site. However, betbird shall not be liable to the Affiliate in any way if betbird is unable to identify a New Depositor as originating from the Affiliate Site.
betbird shall be entitled to exercise any of its rights or fulfil any of its obligations hereunder (including without limitation its payment obligations pursuant to clause 6) through any company within the group of companies containing betbird.
betbird shall have the discretional right to accept or decline any offer to execute the pferdewetten General Affiliate Marketing Agreement. In the event betbird declines an offer, it shall not be obliged to indicate a reason, nor shall any compensation, remuneration or other indemnity be due.
betbird shall develop and make available to the Affiliates advertising material for the advertising space of the Affiliate.
The Affiliate is restricted to one Affiliate account only, unless otherwise agreed to in writing by betbirdPartner Programme management;
The Affiliate shall not earn Commission on the Losses of a Customer account, where such account registered with pferdewetten belongs to the Affiliate, any Sub-Affiliate linked to the Affiliate, or the Affiliate´s employees or immediate family members or friends, whether or not such Customer account is in use for the purposes of testing or play with betbird;
betbird has and reserves the right to pass on any financial costs to the Affiliate´s account that may be incurred due to fraudulent activity by the Affiliate´s Customers, and/or the Affiliate´s employees, which the Affiliate has introduced to betbird.
betbird will process the Commission earned by the Affiliate in the previous calendar month on the fifteenth (15th) day for pferdewetten player accounts and the twentieth (20th) day for bank accoounts of the following month. It could take longer, depending on national holidays and weekends. However payments may be frozen in accordance with term 4/i/xi. betbird shall not be liable to the Affiliate in any manner whatsoever for late payments due to technical, third party or any other unforeseen events arising.
Payment shall be made by betbird to the Affiliate by way of the preferred payment method selected by the Affiliate on registration or in their affiliate account, or where the method is amended/updated by the Affiliate before the Commission due is processed.
The minimum payment amount is 50 Euros and may be altered by betbird at its sole discretion. Any commissions earned in a month equal to or greater than 50 Euros will be paid via the Affiliate´s preferred payment method. Amount earned that is below this minimum threshold of 50 Euros will be carried forward to the following month.
betbird offers two standard Commission plans based on net revenue or CPA (cost per acquisition). It is betbird's sole decision which reward plan is granted to each affiliate. betbird will pay the Affiliate a Commission equivalent to the rates and calculations applicable to its Tiered Commission
Revenue Share Structure, as indicated below:
28% - €1- €5.000
32% - €5.001 - €10.000
35% - €10.001 - €20.000
37% - €20.001 -
CPA Structure, as indicated below:
CPA Structure, as indicated below:
1-10 Customers per month: €30 per new depositor
11-50 Customers per month €35
51+ Customers per month €40
(minimum deposit 11,- €)
pferdewetten will pay the Affiliate a commission for player(s), subject to that there is one, on all product verticals, regardless of product of origin.
Any negative earnings that may be a result of a net win by the Customers referred from the Affiliate will not be carried forward to the following month. The commission will be reset to zero (0) at the 1st of every month. betbird may exceptionally introduce negative carryover to certain affiliates if necessary and will inform the affiliate in such an event.
07. Intellectual Property
Nothing in this Agreement shall constitute any license, assignment, transfer or any other right to any Intellectual Property Rights, including, without limitation, patents, trademarks, service marks, registered designs, copyrights, database rights, rights in designs, inventions and Confidential Information, etc. which arise in result of entering into or the performance of this Agreement.
All Intellectual Property Rights created and/or deriving out of this Agreement, including, without limitation, banners, advertising material, contents, the Database, including contents and personal data, shall be or become the sole property of betbird, and Affiliate shall have absolutely no rights therein.
pferdewetten grants the Affiliate a non-exclusive and worldwide right to display the betbird Brand features and related content (the " betbird Content") during the Term solely for the purposes of the display of the Marketing tools by the Affiliate on the Affiliate Site as set out in this Agreement and in accordance with pferdewetten´ guidelines as may be provided to the Affiliate from time to time. All intellectual property rights and any goodwill arising in the Marketing tools and in all betting products, associated systems and software relating to the services provided by betbird to its New Depositors from time to time shall remain the property of betbird. The Affiliate is not permitted to use the betbird Content in any way that is detrimental to betbird or the reputation or goodwill of betbird. The Affiliate is not permitted to alter or modify in any way the betbird Content without the express prior written consent of betbird.
In particular, unless prior written approval, the Affiliate may not purchase or register domains names which are identical or similar to any of betbird´s trademarks or otherwise include the word " betbird" or variations which are identical or confusingly similar to any of betbird´s trademarks.
The Parties agree that the right mentioned in Clause 7 (b) is non-transferable and terminable at any time at the instance of betbird.
The Affiliate agrees that the Affiliate Site shall not resemble in any way the appearance and/or the general impression of the betbird Site, nor will the Affiliate create the impression that the Affiliate Site is the betbird Site (or any part thereof).
Upon termination of this Agreement, each Party shall hand over to the other Party proprietary material or information, and, as the case may be, destroy in a secure manner remaining copies of the same. Notwithstanding any disposition to the contrary in this Agreement, Affiliate acknowledges that after termination of the Agreement, it will not be allowed to keep a copy of the betbird Content, the Databases, personal data or Confidential Information, and may not exploit, directly or indirectly, pferdewetten proprietary information, materials or works.
Each party to this Agreement represents and warrants to the other that it has, and will retain throughout the Term all right, title and authority to enter into this Agreement, to grant to the other party the rights and licences granted in this Agreement and to perform all of its obligations under this Agreement.
Each party to this Agreement represents, warrants and undertakes to the other that it has obtained and will maintain in force all necessary registrations, authorisations, consents and licences to enable it to fulfil its obligations under this Agreement and that it fully complies with, and shall continue fully to comply with, the preconditions set out in Clause 3 and all applicable laws and regulations.
The Affiliate represents, warrants and undertakes that the Affiliate Site shall contain no material which is defamatory, pornographic, unlawful, harmful, threatening, defamatory, obscene, harassing, or racially, ethnically, or otherwise objectionable or discriminatory, violent, politically sensitive or otherwise controversial or in breach of any third party rights and shall not link to any such material.
The Affiliate warrants that it shall at all times comply with the laws of Malta and any other related legislation and the Affiliate shall indemnify on demand and hold harmless betbird from and against any and all losses, demands, claims, damages, costs, expenses (including consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by betbird in consequence of any breach by the Affiliate of this warranty.
Avoid the access to children and young persons. Affiliates must not deliberately provide facilities for gambling in such a way as to appeal particularly to children or young people, for example by reflecting or being associated with youth culture.
betbird makes no representation that the operation of the pferdewetten Site will be uninterrupted or error-free and betbird will not be liable for the consequences of any interruptions or errors.
The Affiliate (the "Indemnifying Party") shall indemnify on demand and hold harmless pferdewetten and each of its associates, officers, directors, employees, agents, shareholders and partners (the "Indemnified Party") from and against any and all losses, demands, claims, damages, costs, expenses (including without limitation consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by the Indemnified Party in consequence of any breach, non performance or non observance by such Indemnifying Party of any of the obligations or warranties on the part of the Indemnifying Party contained in this Agreement.
11. Exclusion of Liability
Nothing in this Clause shall limit betbird´s liability resulting from willful misconduct.
betbird shall not be liable, in contract, tort (including without limitation negligence) or for breach of statutory duty or in any other way for:
any economic losses (including, without limitation, loss of revenues, profits, contracts, business or anticipated savings); or
any loss of goodwill or reputation; or
any indirect or consequential losses in any case, whether or not such losses were within the contemplation of the parties at the date of this Agreement, or any other matter under this Agreement.
The liability of betbird shall not, in any event, exceed the sum of the total monies paid by betbird to the Affiliate over the 12 months period preceding the date on which such liability accrued.
12. Term and Events of Default
This Agreement shall start on the date that betbird notifies the Affiliate that its application has been successful in accordance with Clause 4. This Agreement shall continue thereafter unless and until terminated in accordance with Clauses 12 (b), (c), (d) and (f) (hereinafter the "Term).
An Affiliate that has not contributed to any New Depositors in the relevant month may become subject of a review of their Affiliate status with the possibility of immediate termination of affiliate agreement or change of commission plan.
Notwithstanding Clause 12 (a), betbird may bring the Term to an end with immediate effect by written notice to the Affiliate if:
the Affiliate commits a breach of its material obligations under this Agreement and in the case of a remediable breach, fails to remedy it within 30 days of the date of receipt of notice from the other;
the Affiliate becomes insolvent or unable to pay its debts, proposes a voluntary arrangement, has a receiver, liquidator, administrator or manager appointed over the whole or any part of its business or assets or if any application shall be presented, order shall be made or resolution passed for its winding up (except for the purposes of a bona fide amalgamation or reconstruction), bankruptcy or dissolution or if it shall otherwise propose or enter into any composition or arrangement with its creditors or any class of them, or it ceases to carry on business or if it claims the benefit of any statutory moratorium.
the Affiliate sells its business, or any part herein, and/or registers any change of beneficial owner.
betbird has the right to change the commission plan and/or bring the Term to an end within a three month trial period, starting on the day the first referred customer has become active on any betbird product.
betbird shall forthwith give notice in writing to the other party of any event within clause 12(b) (ii) which occurs during the Term and which would entitle betbird to bring the Term to an end.
Any party may terminate the agreement at the end of each month with a 2 month notice period.
The parties shall have no further obligations or rights under this Agreement after the end of the Term, without prejudice to any obligations or rights which have accrued to either party at the time when the Agreement ends save that clauses 1, 2, 8, 9, 11, 12, 13(e), and 14, together with those other clauses the survival of which is necessary for the interpretation or enforcement of this Agreement, shall continue to have effect after the end of the Term.
This Agreement constitutes the entire Agreement and understanding of the parties and supersedes any previous agreement between the parties relating to the subject matter of this Agreement. Each of the parties acknowledges and agrees that in entering into this Agreement, and the documents referred to in it, it does not rely on, and shall have no remedy in respect of, any statement, representation, warranty, understanding, promise or assurance (whether negligently or innocently made) of any person (whether party to this Agreement or not) other than as expressly set out in this Agreement. Nothing in this clause shall operate to limit or exclude any liability for fraud.
In no event will any delay, failure or omission (in whole or in part) in enforcing, exercising or pursuing any right, power, privilege, claim or remedy conferred by or arising under this Agreement or by law, be deemed to be or construed as a waiver of that or any other right, power, privilege, claim or remedy in respect of the circumstances in question, or operate so as to bar the enforcement of that, or any other right, power, privilege, claim or remedy, in any other instance at any time or times subsequently.
The Affiliate shall not without the prior written consent of the other party assign at law or in equity (including without limitation by way of a charge or declaration of trust), sub-license or deal with this Agreement or any rights under this Agreement, or sub-contract any or all of its obligations under it or purport to do any of the same. Any purported assignment in breach of this clause shall confer no rights on the purported assignee.
If any provision of this Agreement shall be found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions of this Agreement which shall remain in full force and effect.
Any notice given or made under this Agreement to pferdewetten shall be by email to (email@example.com) and marked for the attention of Affiliates Manager (or as otherwise notified by betbird hereunder). pferdewetten shall send the Affiliate any notices given or made under this Agreement to the email address supplied on the Affiliate´s application form or such other email address as notified by the Affiliate to betbird. Any notice shall be deemed to have been received within two hours of delivery provided that if deemed receipt occurs before 9.00a.m on a Work Day the notice shall be deemed to have been received at 9.00a.m on that day, and if deemed receipt occurs after 5.00p.m on a Work Day, or on any day which is not a Work Day, the notice shall be deemed to have been received at 9.00a.m on the next Work Day.
Each party undertakes that it will not at any time hereafter use, divulge or communicate to any person, except to its professional representatives or advisers or as may be required by law or any legal or regulatory authority, any confidential information concerning the business or affairs of the other party or of any member of the group of companies to which the other party belongs which may have or may in future come to its knowledge and each of the parties shall use its reasonable endeavours to prevent the publication or disclosure of any confidential information concerning such matters.
Nothing in this Agreement is intended to or shall operate to create a partnership between the parties, or to authorise either party to act as agent for the other, and neither party shall have authority to act in the name or on behalf of or otherwise to bind the other in any way (including but not limited to the making of any representation or warranty, the assumption of any obligation or liability and the exercise of any right or power).
Neither party shall make any announcement relating to this Agreement nor its subject matter without the prior written approval of the other party except as required by law or by any legal or regulatory authority.
The validity, construction and performance of this Agreement (and any claim, dispute or matter arising under or in connection with it or its enforceability) shall be governed by and construed in accordance with the laws of Malta.
Should one of the contractual provisions be or become ineffective, said ineffective provision will be replaced by one which shall come as close as possible to the commercial purpose of the void agreement. All other stipulations of the agreement shall continue in full force and effect.
This may be executed in any number of counterparts, each of which when executed and delivered shall be an original, however, all counterparts together shall constitute one and the same instrument.