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Priority Dealer Term and Condition
A. Qualification
1. One time purchase of RM100,000.00 on purchase any of Public Fine Gold International Sdn Bhd’s products which consist of gold bar, gold coin, gold dinar, jewelleries, silver bar, and etc according to current prices.
2. Accumulate total sales of RM100,000.00 on purchase any of Public Fine Gold International Sdn Bhd’s products which consist of gold bar, gold coin, gold dinar, jewelleries, silver bar and etc according to current prices.
3. Dealer required recruiting at least 3 Dealers.
4. There was 1 year accumulation period of total sales of RM100,000.00 on purchase any of Public Fine Gold International Sdn Bhd.
B. Requalification Evaluation
1. Evaluation of Personal Sales will be conducted twice a year which from: 1st January to 30th June 1st July to 31st December
2. Priority Dealer will be degrading in case of without sales within six consecutive months.
C. Web Promo Assessment
1. Personal Sales need to achieve RM100,000.00 within the Evaluation Period of 3 month period.
2. Evaluation of Personal Sales will be conducted four times a year which from: 1st January to 31st March 1st April to 30th June 1st July to 30th September 1st October to 31st December
3. Priority Dealer needs to maintain the sales target on next Evaluation Date to continuously publish their name in Public Gold website. Names will be taken out from Public Gold website if Priority Dealer has failed to maintain the target of total sales.
D. Commission
1. Commission Division
Direct Commission (from Customer)
Sales – 1.5% from total sales amount
Indirect Commission (from Dealer)
Sales – 0.5% from total sales amount
Buy Back – 0.5% from total buy back amount
2. Commission will be paid by Public Fine Gold International Sdn Bhd to Priority Dealers on 20th each month into their bank account. Unless 20th fall on Saturday or Sunday, therefore commission will be bank in on Monday (21st or 22nd). Priority Dealers will receive the payment within 3 working days after commission has been bank in.
3. Priority Dealers will receive Monthly Commission Statement within 15 working days after the commission has been bank in.4. All order payments and active bank account number (either Public Bank Berhad or Maybank Berhad) must provided by dealers to Account Department on or before 5th each month, else the commission of the month will be postponed to next month.
E. Miscellaneous
1. Priority Dealer is entitled to sell all of Public Fine Gold International Sdn Bhd’sgold products including:
Gold Bar (Au999.9) – 20g, 50g, and 100g
Gold Coin (Au999.9) – 50g
Gold Dinar (Au916) – 1 Dinar, 5 Dinar, and 10 Dinar
Jewellery (Au916)
Silver Bar (Ag999) – 250g, 500g, and 1kg
2. Appointment letter will be given to a qualified Priority Dealer to prove that heor she is Public Fine Gold International Sdn Bhd’s authorized Priority Dealer.
3. Priority Dealer is entitled to recruit Dealer.
4. They are not allowed to sell Public Fine Gold International Sdn Bhd’s products if he or she is no longer Public Fine Gold International Sdn Bhd’s authorized Priority Dealer.
5. Priority Dealer is reminded to always keep the positive image of Public Fine Gold International Sdn Bhd. Public Fine Gold International Sdn Bhd has the right to strip the appointment of Priority Dealer, or to claim compensation in terms of law if Priority Dealers done any activities or spread any rumors that will influence the company’s reputation.6. Public Fine Gold International Sdn Bhd has the right to modify these DealersTerms and Conditions from time to time according to requirements without prior notice to the dealer.
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