FO Research Affiliate Program · Terms and Conditions

Effective date: 20 May 2026 Last updated: 20 May 2026

Publisher: Financial Oracle SPC (the “Publisher” or “we”), a Cayman Islands segregated portfolio company, operating the publication FO Research at research.financialoracle.com.

This document is the plain-language commercial agreement between the Publisher and an individual or entity participating in the FO Research Affiliate Program (the “Affiliate” or “you”). Legal review is recommended before publication; the substance below is the commercial contract.

1. Acceptance and appointment

By creating a Rewardful account against the FO Research campaign, clicking accept on these terms, or using a tracking link issued under the program, you accept these terms and are appointed a non-exclusive affiliate of FO Research, limited to promoting the publication through the channels and assets defined below.

The program is invite-only. Acceptance into the program is at the Publisher’s sole discretion. The Publisher may decline or remove any applicant at any time.

2. What you promote

You promote subscriptions to the Premium tier of FO Research at research.financialoracle.com. You may direct readers to the homepage, to any published note, or to the Brief signup page, using a tracking link issued by Rewardful in your name.

You may not position the publication as anything other than what it is: editorial commentary on observable market and policy developments, not investment advice, not a regulated fund offering, not a trading signals service. See Section 6.

3. Tracking and attribution

• Tooling: Rewardful, integrated with the Publisher’s Stripe account.
• Cookie window: 60 days, first-party.
• Attribution model: last-click within window. Self-referrals and duplicate IPs are blocked automatically.
• Qualified signup: a new paid Premium subscriber attributed to your tracking link, who is not you or a related party, who has been charged for at least one full month, and who is not refunded within the 30-day holdback window.

4. Commission

Commission rate, duration and any volume-tier mechanics are set per campaign. Your specific commission schedule is provided at acceptance into the program, accompanies your tracking link, and is available at any time inside your Rewardful affiliate dashboard.

The following terms apply across every campaign, regardless of the specific rate or duration set out in your schedule:

• Tier eligibility: commission accrues only on Premium ($49/mo) signups. Institutional (price on application) is sales-led and is not affiliate-eligible. Brief (free) signups are not commissionable.
• Revenue basis: commission is calculated on net subscription revenue actually received by the Publisher in respect of an eligible Premium subscription. No commission is paid on taxes, processing fees, refunds, chargebacks or partial-period proration that does not reach the Publisher.
• Qualified signup: as defined in Section 3.

The specific schedule attached to your campaign defines:

• The commission rate (percentage of net subscription revenue);
• The commission duration (number of months commission accrues, or “lifetime” where applicable);
• Any volume tiers, caps, or eligibility windows specific to that campaign.

If at any point you are uncertain which campaign and schedule apply to your affiliate account, the Publisher will confirm in writing on request.

5. Payout

• Schedule: monthly, in arrears, after a 30-day holdback window for refund protection.
• Method: processed via Rewardful. The specific payout method (bank transfer, third-party payment service or other) is agreed with each Affiliate at acceptance and may be updated by the Publisher with 30 days’ notice.
• Minimum threshold: USD 50.00 accumulated commission. Balances below threshold roll forward.
• Tax: you are an independent contractor and solely responsible for your own income and indirect taxes. The Publisher may require a current W-9 (US) or W-8BEN / W-8BEN-E (non-US) before payout.
• Clawback: refunds, chargebacks and cancellations within the commission window automatically reverse commission already accrued. Reversed commission may be set off against future earnings.

6. Permitted promotion

You may promote FO Research using:

• Your own platforms (social profiles, newsletters, podcasts, video channels), provided the audience is your own and not bought, rented or generated artificially.
• The Publisher-approved asset kit (banner graphics, sample copy, the Instagram story video, the POV video script, LinkedIn variants).
• Your own original framing, provided it is consistent with the Publisher’s editorial register: restrained, declarative, non-promotional in tone, no return promises, no trade-call framing.

You may quote from public FO Research posts (the Brief excerpts and published headlines) with attribution. You may not reproduce restricted-distribution Premium content in full.

7. Prohibited promotion

You may not, in any promotion of FO Research:

• Promise or imply specific returns, profit, or trading performance.
• Quote price targets as predictions or trade recommendations.
• Use “buy / sell” framing, “trade alerts”, “signals”, or any language positioning the publication as a regulated investment advisory or signals service.
• Make representations about the publication beyond what the Publisher has itself stated in published material.
• Claim or imply that the Publisher or its affiliates are registered or regulated as investment advisers in any jurisdiction.
• Use the publisher’s marks or assets outside the asset kit, or in any modified form, without prior written consent.
• Borrow framing or signature vocabulary from competing publications.
• Purchase paid search ads targeting the Publisher’s brand keywords (e.g. “FO Research”, “Financial Oracle”, “research.financialoracle.com”) without prior written consent.
• Generate or purchase artificial traffic, bot signups, click-fraud, cookie-stuffing or similar.
• Send unsolicited mass DMs, cold emails, or messages in violation of any applicable anti-spam law (CAN-SPAM, GDPR / PECR, CASL, similar).

Breach of this section is grounds for immediate termination and forfeiture of unpaid commission, in addition to any remedy at law.

8. Required disclosures

You must, in every promotion that includes your tracking link:

• Disclose the paid-partnership relationship before the link, in plain language. Acceptable forms: “I earn a commission if you subscribe”, “Paid partnership with FO Research”, “Affiliate disclosure: I am paid a commission on referred subscriptions”. This is non-negotiable.
• Include the editorial-commentary footer, verbatim, in any written promotion (post, caption, description):

Financial Oracle SPC. Editorial commentary on observable market and policy developments. Not investment advice. Past performance is not indicative of future results.

Video promotions should include the same wording in description or pinned comment.

Jurisdictional scope of the disclosure requirement

Disclosure is required regardless of where the Affiliate is based. The major jurisdictions in which the Publisher’s audience reaches all require clear disclosure of paid endorsements, including: the United States (FTC), the United Kingdom (ASA and FCA), the European Union (Unfair Commercial Practices Directive and Digital Services Act), Australia (ACCC and ASIC), Canada (Competition Bureau), Singapore (CCCS and MAS), and Hong Kong (Communications Authority). Financial-services content carries heightened disclosure requirements in most of those jurisdictions, including the UK FCA financial-promotion rules (and the criminal-liability perimeter under Section 21 of FSMA), Australia ASIC INFO 269 finfluencer guidance, and Singapore MAS guidance. Major social platforms (Meta, TikTok, YouTube, LinkedIn) impose additional disclosure requirements enforced through content removals and account-level penalties, regardless of the Affiliate’s jurisdiction. The Affiliate is responsible for complying with the rules of every jurisdiction in which they have an audience and every platform on which they promote.

9. Compliance review and termination

• The Publisher may, at any time and without notice, audit any promotion of FO Research that uses your tracking link, and may require you to amend or remove non-compliant content.
• Two-strike rule: a first material breach of Sections 6, 7 or 8 triggers a written warning. A second breach triggers immediate termination and forfeiture of accrued but unpaid commission.
• Immediate termination without warning applies to: fraudulent activity, regulatory misrepresentation, brand-impersonation, or any conduct that exposes the Publisher to liability.
• Either party may terminate the agreement at will with 30 days’ written notice. On termination, accrued commission on qualified prior signups continues to vest for the remainder of the original 12-month commission window, subject to clawback rules.

10. Intellectual property and brand

The Publisher retains all rights in the FO Research brand, marks, logos, content and published research. You are granted a limited, revocable, non-exclusive, non-transferable licence to use the asset kit solely for the purpose of promoting FO Research under these terms. The licence terminates automatically on termination of this agreement.

11. Confidentiality

Non-public terms of this program (including your specific commission balance, the Publisher’s affiliate roster, and any non-public materials shared with you) are confidential. You may not disclose them to third parties without the Publisher’s prior written consent.

12. Independent contractor

Nothing in this agreement creates an employment, agency, partnership or joint venture relationship. You are an independent contractor. You have no authority to bind the Publisher.

13. Indemnification

You agree to indemnify and hold the Publisher harmless from any claim, loss or expense arising from (a) your breach of these terms, (b) your promotional content, including any misrepresentation, regulatory violation or third-party claim arising from your content, and (c) your use of the asset kit outside the licence granted.

14. Limitation of liability

The Publisher’s aggregate liability under this agreement is capped at the total commission paid to you in the twelve months immediately preceding the claim. The Publisher is not liable for indirect, consequential, incidental, punitive, or lost-profits damages.

15. Governing law and disputes

This agreement is governed by the laws of the Cayman Islands. Disputes are subject to the non-exclusive jurisdiction of the courts of the Cayman Islands, save that the Publisher may bring proceedings in any jurisdiction necessary to protect its intellectual property or enforce a payment obligation.

16. Changes

The Publisher may modify these terms by giving 30 days’ written notice (email to the address on your Rewardful account is sufficient). Continued participation in the program after the effective date of the change constitutes acceptance.

17. Discount codes (when applicable)

The Publisher may, at its discretion, issue a discount code linked to your affiliate account. Where issued, the discount code lets your audience subscribe to Premium at a reduced rate, while the conversion remains attributed to you in Rewardful for commission purposes (regardless of whether the subscriber clicked your tracking link first).

This section applies only if the Publisher has issued a discount code against your affiliate account. The standard program has no discount component and discount codes are offered selectively.

Default discount shape

Unless your acceptance email or commission schedule states otherwise, the default discount issued under this program is:

• 10% off the Premium monthly subscription, applied to the first monthly invoice only of each new subscriber who uses the code at checkout.
• From the second invoice onward, the subscriber pays the standard published Premium price ($49/mo) at each billing cycle.
• The discount applies to monthly Premium signups only and does not stack with the annual-plan discount.
• The Publisher may issue alternative discount shapes (e.g. fixed- amount, multi-month, multi-month free) for specific affiliates; any such variation is set out in your acceptance email or schedule.

Code naming and use

• Codes are unique to your affiliate account and are typically branded to your name, handle or publication.
• The code is for your audience’s use only. You may not use the code for your own subscription, and may not share it with parties who are not part of your audience (deal aggregators, coupon websites, unrelated communities) without the Publisher’s prior written consent.
• The Publisher may modify, suspend or revoke a discount code at any time with 30 days’ written notice, or immediately for breach of this section.

Commission interaction with discount

Commission accrues on net subscription revenue as defined in Section 4. When the discount applies, the commission base is the discounted invoice amount, not the headline price, for the duration of the discount window only.

Worked example under the Premium Standard schedule (20% / 12 months):

• Without discount: 20% of $49.00 for 12 months = $117.60 total.
• With 10% / first-month discount: month 1 commission is 20% of $44.10 ($8.82); months 2 to 12 are 20% of $49.00 ($9.80 each). Total: $116.62. Difference of $0.98 absorbed in your commission.

Worked example under the Premium Lifetime schedule (10% lifetime):

• Without discount: 10% of $49.00 per month for the life of the subscription. At 24 months retention = $117.60.
• With 10% / first-month discount: month 1 commission is $4.41; every subsequent month is $4.90. At 24 months = $117.11. Difference of $0.49.

The first-month-only discount has a small (~$0.50 to $1) impact on your commission per signup; it is primarily a conversion tool for your audience rather than a meaningful change to your earnings.

Disclosure of the discount

The discount is an audience-facing benefit and does not alter your disclosure obligations under Section 8. Continue to disclose the paid-partnership relationship before any link or code in your promotions. Acceptable framings include:

• “Affiliate disclosure: I earn a commission if you subscribe. Use code <CODE> for 10% off your first month.”
• “Paid partnership with FO Research. My code <CODE> gets you 10% off the first month of Premium.”

Opt-in, opt-out

The discount component is opt-in per affiliate. Some affiliates prefer to promote without a code (cleaner pitch, no perceived discounting of the publication). If your acceptance email does not include a discount code, the discount component does not apply to you and the worked-example numbers in Section 4 above stand unmodified.

18. Entire agreement

This document is the entire agreement between the parties on the subject matter. It supersedes any prior discussions or representations.

Acknowledgement. Acceptance of these terms is recorded against your Rewardful affiliate account or, where the Publisher requires it, by countersignature.

For questions or to apply to the program, contact: affiliates@financialoracle.com

Financial Oracle SPC. Editorial commentary on observable market and policy developments. Not investment advice. Past performance is not indicative of future results.