| Business Account (BA) |
A BA is needed for a customer to receive commissions and/or bonuses from MH's Customer Reward Program (CRP), and is placed in accordance with the Rules & Regulations of the CRP. |
| Business Center (BC) |
A BC is needed to enable Mega Holdings to calculate commissions and/or bonuses. |
| Non-Active Business Account |
A BA is considered to be non-active if the customer has not received any commissions, and does not have any down-line/s attached to her/his genealogy, after being a MH customer for more than six months. |
| Customer(s) |
A customer is anyone who has purchased a Product Package from MH. Any written agreement with Mega Holdings is considered to be an authentic and binding legal document. A customer agrees to adhere to and abide by MH's Terms & Conditions. |
| Customer Reward Program (CRP) |
The CRP comprises the Introducer Bonus, Step Bonus, Volume Bonus and Renewal Bonus whereby commissions paid by MH to a customer are based on the number of sales secured by that customer for MH. |
| Introducer Bonus |
This is the commission paid when the customer secures a sale for MH. It is paid immediately for the service rendered. |
| Step Bonus |
This is a commission earned according to the Rules & Regulations governing the CRP for matching Point Value (PV) earned from sales on the Left & Right Groups of the customer's own genealogy. |
| Volume Bonus |
This is a reward for total sales target reached by the customer under MH's CRP. |
| Renewal Bonus |
This is the commission earned according to the Rules & Regulations governing the CRP for renewing the product account after 12 months. |
| Point Value(PV) |
This is the value of points given when a customer purchases a Product Package & is strictly used for bonus calculation. |
| Puzzle Password |
This is the method used upon first sign up as a MH customer to login to the Virtual Office to do transactions. |
| Coupons |
Coupons are earned in accordance with the Rules and Regulations governing the CRP. Coupons are strictly for the redemption of MH products. |
| USK |
A card device used as a passport for a new customer to gain access to the MH system to make transactions. |
| Sparkle Team Status (STS) |
Sparkle Team Status is achieved by a customer upon achieving total to date income of US$100,000.00. |
| The Company |
“The Company” refers to Mega Holdings Ltd. |
| The Management |
This group includes Mega Holdings directors, managers, employees and consultants who are officially involved in the company's day-to-day operations. |
| The Products(s) |
The products refer to the items contained in the Product Catalogs promoted, marketed and supplied by Mega Holdings as described in the company's website. |
| Product Package |
It refers to a combination of website builder, IGI diamond, diamond watch and/or silver pendant packaged together as one product item. |
