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User Agreement - Terms and Conditions

Between

Demo School (Demo School)

and

Fundraise Mall Licensing NZ Limited (FRM Hosting)

and

Fundraise Mall Australasia Limited (FRM Operations)

and

New Zealand Principals Federation (NZPF)

Dated

When the 'We accept' button was clicked by the representative of Demo School.

Whereas

It is further agreed that

Executed by Demo School by clicking the "Submit" button on the application form, including the ticking of the terms and conditions boxes:

Schedule of fees and charges payable by Demo School

Demo School gives authority to Fundraise Mall to deduct Operating charges and Hosting fees from the sales commissions earned by Demo School.

Note there is no liability on Demo School to pay the charges/fees – if no earnings are made, no fees will be deducted/billed.

There is no roll forward on charges/fees. If a charge is not deducted and billed in any month that charge cannot be rolled forward to the next month and is void.

Charges & Fees Provided by Set Up Monthly
Create Customised Fundraise Mall Fundraise Mall Licensing [NZ] Limited (FRM Hosting) $480.00  
Affiliate Hosting   Fundraise Mall Licensing [NZ] Limited (FRM Hosting)   Maximum $250 per month
Fundraise Mall - Operations Fee Fundraise Mall [Australasia] Limited (FRM Operations)   20%

Table of typical income to Demo School

The tables are based on two assumptions and the charges/fees as stated, together with the average size school.

Table of estimated Sales Commission Income from Fundraise Mall based on transaction volume per school per Month
Estimate Monthly Transactions each at $80       Target      
Monthly Transaction number   50 125 250 500 750 1000 2000 3000 4000
No of Monthly Transactions as % of School Community   2% 5% 10% 21% 31% 42% 83% 125% 167%
Monthly Sales   $4,000 $10,000 $20,000 $40,000 $60,000 $80,000 $160,000 $240,000 $320,000
Estimate of Gross Commission (at say) 10% $400 $1,000 $2,000 $4,000 $6,000 $8,000 $16,000 $24,000 $32,000
FRM Software Hosting Fee (Fixed $250) -$250 -$250 -$250 -$250 -$250 -$250 -$250 -$250 -$250
FML Operating Fee (think 2% of the 10%) 20% -$80 -$200 -$400 -$800 -$1,200 -$1,600 -$3,200 -$4,800 -$6,400
Fundraise Mall Net Monthly Income   $70 $550 $1,350 $2,950 $4,550 $6,150 $12,550 $18,950 $25,350
Fundraise Mall Net Annual Income   $840 $6,600 $16,200 $35,400 $54,600 $73,800 $150,600 $227,400 $304,200