Terms and Conditions

1. INTRODUCTION

These Terms and Conditions set forth the legally binding terms and conditions for your use of the services (the “Service”) offered by SolarMoney

You agree that you have read and understood this agreement and that your investment in SolarMoney shall be subject to the following terms and conditions, as is between you and SolarMoney

These terms and conditions may be modified from time to time by SolarMoney, so please endeavor to review them from time to time since your ongoing use is subject to the terms and conditions as modified. If you do not agree to these terms and conditions, please do not register to become an investor of SolarMoney SolarMoney has the right to suspend or cancel, at any time, an individual’s investment in the program, if such individual carries out an action which, in the view of the organization, borders on misconduct, creation of negative publicity for the company or unauthorized access into investor's account. All earnings accruing to such a investor may be cancelled by SolarMoney and the investor may be referred to appropriate law enforcement agencies if such action is deemed warranted.

Investors should not abuse their investment privileges by acting in a manner inconsistent with this Agreement. Investors agree not to participate in any fraudulent activity of any kind. SolarMoney shall be the sole determiner in cases of suspected abuse, fraud, or violation of its rules. Decisions reached by SolarMoney relating to the cancellation of Earnings and the termination of investment shall be final and binding.

Investors are subject to the terms and conditions in this agreement or any subsequent modification to this agreement and if any Investor is dissatisfied with the program, such an Investor's only recourse is to immediately discontinue participation in SolarMoney and properly terminate his or her investment.

By accessing or using the Service.SolarMoney is offering you agree to be bound by these Terms & Conditions. If you disagree with any part of the terms then you may not access the Service and that the Company may use any information the Company obtains about you in accordance with the provisions of the Privacy Policy.


2. SUMMARY OF SERVICE

SolarMoney is a technology investment adopted by Xenal Automated System Nigeria Enterprises a registered company with the Corporate Affairs Commission .Our project is driven by a team of experts with 30 years’ combined experience in Renewable Energy. SolarMoney is a unique crowdfunding investment offer that allows user to purchase a complete Solar Home System with initial deposit. Users Buy Solar Energy System on deposit and Pay on a weekly/monthly basis. After completing the payment, the ownership of the solar unit purchased becomes that of the user.

SolarMoney helps families replace toxic kerosene with clean, affordable solar electricity by powering their homes. SolarMoney provides families with opportunities to enjoy basics like radios, televisions, and cell phone chargers

3. ACCEPTANCE OF TERMS

The Service is offered subject to acceptance of all the terms and conditions contained in these Terms & Conditions and all other operating rules, policies, and procedures that may be published on the Site by the Company. The Company reserves the right, at its sole discretion, to modify or replace these Terms & Conditions from time to time by posting the updated terms on the Site. It is your responsibility to check the Terms & Conditions periodically for changes. If you object to any such changes, your sole recourse will be to cease using the Site and the Service. Your continued use of the Service following the posting of any changes to the Terms of Use will indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

4. ACCOUNTS

When you create an account with us, you must provide us with information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms & Conditions, which may result in immediate termination of your account on our Service.

You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service. You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.

5. SPONSORSHIP TERMS

Investors will receive periodic Updates on the status of the investment by email. The Updates may also be made available in your account on the Website. You are expected to review all notifications, updates and reports from SolarMoney.

You agree that by sponsoring to invest, your investment is tied and unavailable for the entire duration of the investment and neither SolarMoney nor Bright Energy can or will refund your contribution until the successful completion of investment Duration.

6. SPONSORS REPRESENTATIONS & WARRANTIES

Representations and warranties are statements and promises made by you to the Company, which we rely on as being accurate in our dealings with you. You make the following representations and warranties to us at the time of agreeing to these Terms and every time you use our Services. 1 You are over the age of 21 years.

2 You are of sound mind and have the capacity to enter into these Terms and Conditions. 3 All personal information that you provide about yourself is accurate and true to the best of your knowledge. 4 You hold a bank account in Nigeria in your own name and will use this account to transfer money to our account and to receive refunds of nvestment made and profits earned.

5 You will only ever sponsor with your own money unless you are authorized on behalf of a third party (“Third Party”) and we agree that you may act on behalf of that Third Party. 6 You are not using any illegal funds.

7 If you are registering or accepting these Terms on behalf of a legal entity such as a company, trust or partnership, you are legally authorized to do so and we may request evidence of such legal entitlement (by way of a copy of any document which shows the valid and subsisting authorization). 8 You are not breaching any laws or regulations that are applicable to you or any company, trust or partnership upon whose instructions you are acting.

7. ANTI-MONEY LAUNDERING

Where we discover that the investment is being used to launder money or for any suspicious transactions, we have an obligation to report your activities to the relevant authorities without recourse to you.

8. PRIVACY

You confirm that you have read and understood the Company’s Privacy Policy which provides information on how we use and store the personal information that you provide to us and you further acknowledge that the Company may amend and update this policy from time to time.

9. TERMINATION

We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms & Conditions. Upon termination, your right to use the Service will immediately cease. If you wish to terminate your account, you may simply discontinue using the Service.

10. DISCLAIMER

Your use of the Service is at your sole risk. The Service is provided on AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance.

11. GOVERNING LAW

These Terms shall be governed and construed in accordance with the laws of The Federal Republic of Nigeria, without regard to its conflict of law provisions.

12 INDEMNITY

Subject to the Terms of Insurance and any insurance claims settled, you agree that the Company has no obligation to reimburse or indemnify you for any cost, loss or liability which you incur as a result of the failure of investment according to expectations. SolarMoney provided insurance in the event of unforeseen circumstances, the capital invested can be refunded. The insurance covers only the initial capital, it does not cover the return. .

13 DISPUTE RESOLUTION

This Agreement shall be governed by the Laws of the Federal Republic of Nigeria. Any dispute arising out of this Agreement, which cannot be settled, by mutual agreement/negotiation within 30 days shall be referred to arbitration by a single arbitrator at the Lagos Court of Arbitration (“LCA”) and governed by the Arbitration and Conciliation Act, Cap A10, Laws of the Federal Republic of Nigeria.

14 CONTACT US

If you have any questions about this Terms and Conditions, please contact us: 7,Ogunnoiki Street Via Lagos/Benin Expressway Sagamu,Ogun State.
Call - (+234)-702-5271-915
Kindly do well to send us an mail using info@solarmoney.com.ng