Terawatt Supplemental Terms Applicable to Coaches

Updated Date: April 27, 2020

These Supplemental Terms Applicable to Coaches ("Supplemental Terms") constitute a binding agreement between My Game Changer, Inc. dba Terawatt ("Terawatt” or "we") and You (“You” refers to any individual or legal entity that registers on, or accesses, the Website or the Services, as a Coach). All capitalized terms not defined herein shall have the meaning set forth in the Terms of Service. These Supplemental Terms, are entered into by Terawatt and You and made a part of the Terms of Service. They are in addition to, and not in place of, the Terms of Service, and these Supplemental Terms, together with the Terms of Service, Privacy Policy and any other Supplemental Terms, constitute the agreement (collectively, the “Agreement”) between parties with respect to the subject matter hereof. If the Terms of Service are inconsistent with these Supplemental Terms, these Supplemental Terms shall control with respect the subject matter in question.

PLEASE READ THESE SUPPLEMENTAL TERMS CAREFULLY. THESE SUPPLEMENTAL TERMS APPLY TO ALL USERS OF THE WEBSITE OR SERVICES IN THE CAPACITY OF A COACH AND GOVERN THE FEE AND PAYMENT TERMS APPLICABLE TO YOU. BY CLICKING ON THE “I AGREE” BUTTON, ACCESSING THE WEBSITE OR THE SERVICES, COMPLETING THE REGISTRATION PROCESS, MAKING YOUR CONTENT AVAILABLE ON THE WEBSITE, AND/OR ENTERING INTO ANY ACTIVITIES AS A COACH, SUCH AS (WITHOUT LIMITATION) SCHEDULING COURSES, MARKETING CLASSES TO BE OFFERED ON THE TERAWATT PROPERTIES, OR OTHERWISE ENGAGING STUDENTS FOR FUTURE COURSES (COLLECTIVELY, “COACHING ACTIVITIES”) YOU REPRESENT THAT (a) YOU HAVE READ, UNDERSTAND, AND AGREE TO BE BOUND BY THE AGREEMENT, (b) YOU ARE OF LEGAL AGE TO FORM A BINDING CONTRACT WITH TERAWATT, AND (c) YOU HAVE THE AUTHORITY TO ENTER INTO THE AGREEMENT PERSONALLY OR ON BEHALF OF THE COMPANY YOU HAVE NAMED AS THE USER, AND TO BIND THAT COMPANY TO THE AGREEMENT. IF YOU DO NOT AGREE TO BE BOUND BY THE AGREEMENT, YOU MAY NOT ENTER INTO COACHING ACTIVITIES OR ACCESS OR USE THE WEBSITE OR THE SERVICES AS A COACH.

  1. Definitions
    • "Course" or "Courses" means the Instruction Services that You provide.
    • "Instruction Services" means any course, class, instruction or advice provided by You and/or other User Coaches on or through the Terawatt Properties, including without limitation, the Courses.
    • "Payment" means a percentage (as designated herein) of the Revenue that Terawatt generates from Your Courses that Terawatt will pay to you for Completed Courses in accordance with this Agreement.
    • "Revenue" means the gross revenue generated by Terawatt from Students paying for Your Courses, based upon Terawatt’s accounting and calculation.
    • Fee(s)” as applicable to Coaches under these Supplemental Terms means the percentage (as designated herein) of the Revenue You owe Terawatt as a fee/charge in lieu of the Services provided by Terawatt.
  2. Scope of Payment. The parties acknowledge that Terawatt may generate Revenue from Students paying for the Instruction Services. MCG agrees to make Payments to You for the Courses that You Complete subject to and in accordance with the terms set forth in these Supplemental Terms and the Terms of Service. Notwithstanding anything set forth in these Supplemental Terms to the contrary or otherwise, You acknowledge and agree that You will not receive any Payment for any of Your Courses if (a) You are not a Registered User of the Website and/or Services with a valid Account, (b) the Course is offered for free and not subject to a Fee from the Students taking the Course, (c) You do not Complete the Course, or (d) You breach these Supplemental Terms of the Terms of Service. “Complete” means that You (a) commence the Course at the time designated on the Website, (b) the instruction lasts for the full duration of the period of time designated on the Website and (c) You accomplish the objectives set forth on the Website for the Course, as determined by Terawatt in its sole discretion.
  3. Payment and Fee Schedule. You agree to the following Payments and Fees for the Services:
    • Trial Period. For all first-time Coaches, for the first six (6) months of Service, beginning on the date that you conduct the first class for Your Course ("Trial Period"), the following Payment and Fee terms shall apply:
      • o No Fees during the Trial Period for the first $115 USD that Terawatt generates in aggregate Revenue. As such, Your Payment during this period will be 100% of the Revenue up to a combined total of $115 USD.
      • For the duration of the Trial Period, after the aggregate Revenue has reached $115 USD, Your Payment will be as follows:
        1. For Courses for which the “1 Person/class” pricing is $249 or under, 76% of the Revenue per Course. You agree that Your Fees due for the Services during this period are 24% of the Revenue per Course.
        2. For Courses for which the “1 Person/class” pricing is $250 or higher, 81% of the Revenue for that Course. You agree that Your Fees due for the Services during this period are 19% of the Revenue for that Course.
    • Post-Trial Period. Upon expiration of the Trial Period, You must choose ONE of the following two Payment and Fee options for continued use of the Services as a Coach:
      • Option 1: Your Payment will be 80% of the Revenue per Course MINUS a monthly service fee of $55 USD. Under this option, You agree that Your Fees for the Services are $55 per month plus 20% of the Revenue per Class.
      • Option 2: Your Payment will be 70% of the Revenue per Course and no monthly service fee. Under this option, You agree that Your Fees for the Services are 30% of the Revenue per Course.
      NOTE: You must select your chosen Payment and Fee option by visiting your profile on GoTerawatt.com. If You fail to designate a Payment/Fee option upon expiration of the Trial Period, the default Payment/Fee option is Option 2, and You agree that Terawatt will pay You 70% of the Revenue per Class, and Your Fees for Coaching Services will be 30% of the Revenue per Class.
  4. Referral Bonus. Coaches may receive a referral bonus (as detailed herein) for referring Students to purchase Instruction Services on the Website, subject to and in accordance with these Supplemental Terms. You have the opportunity to invite Your contacts to utilize the Services offered on the Website. The email invitation that You send to Your contacts will include a link to the Website and a referral code. You will receive a referral bonus (subject to the limitations set forth herein) if Your referred Students (a) access the Website and purchase Instruction Services via the link included in Your invitation email, or (b) enter the referral code set forth in Your invitation email when purchasing Instruction Services, designating You as the referral source. The foregoing two referral methods are the only referral methods recognized by Terawatt for the purposes of referral bonuses (collectively, the "Referral Methods"), such that, if Your referred Students purchase Instruction Services without utilizing one of the Referral Methods, You will not receive a referral bonus. If Your referred Student purchases Instruction Services by means of one of the Referral Methods to designate You as the referral source, then, in addition to any applicable Payments set forth above, Terawatt will pay You a referral bonus as set forth herein, subject to the following limitations:
    • You will receive a referral bonus only for the Instruction Service(s) for which Your referred Student utilizes one of the Referral Methods to purchase, meaning, that You will not receive a referral bonus for all of the Instruction Services that a referred Student purchases unless that Student accesses the Website and/or purchases the Instruction Service(s) using one of the Referral Methods.
    • Beginning on the date of Your first Class ("Referral Bonus Start Date"), You will be eligible for a referral bonus equal to 14% of the purchase price paid by a referred Student for Instruction Services ("Initial Referral Bonus") when Your referred Student purchases an Instruction Service using a Referral Method. You will receive the Initial Referral Bonus for any Instruction Service that Your referred Students purchase using a Referral Method for a period of six (6) months following Your Referral Bonus Start Date. Your eligibility to receive the Initial Referral Bonus will expire at midnight on the day that is exactly six (6) months from Your Referral Bonus Start Date ("Initial Referral Bonus Expiration"). Upon the Initial Referral Bonus Expiration, You will no longer be eligible to receive the Initial Referral Bonus for any Instruction Services purchased by any of Your referred Students, even if any such Student utilizes a Referral Method.
    • Beginning on the Initial Referral Bonus Expiration and continuing throughout the term of Your relationship with Terawatt as a Coach, You will be eligible for a referral bonus equal to 10% of the purchase price paid by a referred Student for Instruction Services ("Standard Referral Bonus"). Upon the Initial Referral Bonus Expiration, You will receive the Standard Referral Bonus when Your referred Students purchase an Instruction Service using a Referral Method.
  5. Computation of Fees and Payment Procedure. You agree that Fee and Referral Bonus payments will be based solely on Terawatt’s computation of Revenues and purchase price, respectively. You will be responsible for payment of all taxes applicable to the Fees or Referral Bonus payments. When You register for Your Account as a Coach, You will choose a delivery option for Payments and Referral Bonuses. On a monthly basis, Terawatt will deposit, by means of Your chosen method, any Payments due to You along with any accrued Referral Bonuses. All such deposits from Terawatt to You will be sent via the payment option designated on Your Account. All Payments under this Agreement will be paid in U.S. Dollars. Terawatt will deduct the Fee from the payment Terawatt collects on Your behalf, as detailed above. Terawatt reserves the right to suspend Your ability to make items available for purchase by Customers through the website and app if Your Account is in arrears.
  6. Taxes. Terawatt does not employ Coaches, they are professionals that have a commercial relationship with Terawatt, not an employment one. Therefore, Terawatt is not responsible for and will not be liable for any tax payment or withholding, including but not limited to applicable VAT, Social Security contributions, employer’s liability, or any withholding tax in connection to any Payment made to You. You assume full and sole responsibility for all required and applicable income tax and Social Security contributions as to any Payments made to You. If requested by Terawatt, You agree to provide official receipts issued by the appropriate taxing authority, or such other evidence requested, to establish that such taxes have been paid.
  7. Conducting a Course. Once a Course has been approved, any updates, revisions, change of schedule, or other changes, must be pre-approved by Terawatt either via the Website or by email. Further, You may not designate any other individual (unless such individual has been pre-approved by Terawatt), to conduct a Course or any part thereof, on your behalf.
  8. Effective Date and Revisions. This Agreement becomes effective upon Your clicking on the “I agree” button, accessing the Website or the Services, completing the registration process, and/or making Your Content available on the Website. Terawatt reserves the right at any time to revise this Agreement, including the Payments, Fees or Referral Bonus set forth herein, and/or its billing or payment methods, either immediately upon posting on Terawatt Properties or by e-mail delivery to You. When changes are made to these Supplemental Terms, Terawatt will make a new copy of the Supplemental Terms available at the Website. Terawatt will also update the “Last Updated” date at the top of these Supplemental Terms. If we make any material changes, we will also send an e-mail to You at the last e-mail address You provided to us on Your Account, pursuant to the Terms of Service. Any changes to these Supplemental Terms will be effective immediately for new Users of the Website and/or Services and will be effective thirty (30) days after posting notice of such changes on the Website for existing Users, provided that any material changes shall be effective upon the earlier of thirty (30) days after posting notice of such changes on the Website or thirty (30) days after dispatch of an e-mail notice of such changes. If You do not agree to any change(s) after receiving a notice of such change(s), You shall stop using the Website and/or the Services in the capacity of a Coach. Otherwise, Your continued use of the Website and/or Services as a Coach constitutes Your acceptance of such change(s). PLEASE REGULARLY CHECK THE WEBSITE TO VIEW THE THEN-CURRENT SUPPLEMENTAL TERMS.
  9. Additional Terms for Coaches. In Terawatt’s sole discretion, Coaches may have the opportunity to create a public profile on the Website, including blogging and other promotional activities (“Promotional Content”). All Promotional Content constitutes Your Content and is subject to the terms and restrictions contained in the Terms of Service. You may offer one (1) Course free of charge per month ONLY IF you have at least one Course, for which you are charging a Fee, scheduled in that same month.

End of Supplemental Terms

Subscribe to Terawatt Newsletter