1. Membership
2. Membership Fees
3. Governance
4. Revenues and Intellectual Property
5. Data protection and privacy
6. Anti-Money Laundering (AML) Compliance
7. Glossary

a. Membership

These Terms & Conditions (“Terms”) govern your participation in FC100,000 (a membership scheme) operated by FC100K Limited (“we”, “us”, “our” or the “Servicer”)). By signing up for FC100,000, you agree to be bound by these Terms. Please read these Terms carefully before joining FC100,000.

1. Membership eligibility

1.1       To be eligible for FC100,000 membership, you must have the legal capacity to enter into this agreement and have obtained the necessary consent from a parent or legal guardian if you are under the age of 18. The Servicer and/or its directors, managers or employees shall not be liable for any consequences arising from failure to obtain parental consent or from joining FC100,000 in violation of legal requirements.

1.2       Membership in FC100,000 is available to individuals both within the United Kingdom and internationally. As long as you meet the eligibility criteria outlined in section 1.1 and are capable of making payments via Direct Debit (or equivalent international method accepted by our payment provider), to a UK bank account, you are welcome to join FC100,000.

1.3       Members from jurisdictions outside England and Wales are responsible for ensuring that joining FC100,000 does not violate any local laws, rules or regulations. The Servicer cannot ensure that each person who joins in every jurisdiction does not violate any such laws, rules or regulations, and any liability relating to this is excluded to the fullest extent permitted by law.

2. Membership Benefits

2.1       Upon successful enrolment in FC100,000 and conditional on continued payment of the ongoing monthly membership fee (the “Membership Fee”), you will have access to the online platform operated and/or any apps operated by the Servicer (together, the “Platform”), and be entitled to any related privileges, including influence, content, and rewards related to the Platform and in relation to the club which the Servicer intends to enter into an agreement with (the “Football Club”) (all of such benefits together with all other benefits derived from or incidental to membership, “Membership Benefits”).

2.2       Membership Benefits are contingent upon your continued membership in FC100,000. If your membership ceases due to non-payment of the monthly membership fee, you will no longer be eligible for Membership Benefits.

2.3       A member’s accrued membership rewards or privileges or similar automatically expire when their membership ends.

3. Membership Fee

3.1       The monthly Membership Fee for FC100,000 will be published on the FC100,000 platform (the “Membership Fee”), payable via Direct Debit or by such other acceptable payment form as we shall implement from time to time. The Membership Fee is payable each month.

3.2       If you pay by Direct Debit, your payments are protected by the Direct Debit Guarantee. This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits. If there are any changes to the amount, date or frequency of your Direct Debit, we will notify you in advance of your account being debited or as otherwise agreed.

3.3.      If you request us to collect a payment, confirmation of the amount and date will be given to you at the time of the request. If we or your bank makes an error in the payment of your Direct Debit, you are entitled to a full and immediate refund of the amount paid from your bank. If you receive a refund that you are not entitled to, you must pay it back when we ask you to.

3.4       You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required.

3.5       We reserve the right to adjust the Membership Fee from time to time. Any changes to the Membership Fee will be communicated to you in advance. This would result in an increase in the amount of the direct debit.

4. Membership Fees and Management Fees

4.1       The Servicer (acting as a trustee) or a trustee/trustees nominated by the Servicer (the “Trustee”), will hold the shares which are acquired in or which are issued by the Football Club and which relate to FC100,000 on trust for the members of FC100,000 from time to time. As part of the transaction with the Football Club, the Trustee will hold a share with enhanced rights (such as a right to appoint a director of the Football Club) (such share, a “Golden Share”) and/or a  stake in the football club and/or it may enter into an agreement with a club which, together, allows it to effectively represent the members of FC100,000 (such interest and/or agreement, a “Controlling Stake”).  

4.2       With effect from the date of commencement of negotiations with a football club for the issue of the Golden Share (or Controlling Stake) in the Football Club or with effect from the date that the relevant threshold of members is reached which allows the FC100,000 to be launched, and payments taken (if earlier) (such date, the “Go Live Date”), the Servicer reserves the right to retain or deduct up to 12.5% of the monthly Membership Fee plus VAT (the “Servicer Share”) before paying or using the balance of the Membership Fee after deducting the Servicer Share (the “Fee Balance”) to the Football Club or utilising part of the Fee Balance for one or more of the purposes referred to at paragraph 4.3 below. The  Servicer Share will go towards, inter alia, the continuing development and maintenance of the Platform. In addition to the Membership Fee, the Servicer will be entitled to other income from its activities, including, without limitation, a percentage of all commercial transactions or arrangements which it agrees, introduces, or otherwise initiates with or between third parties and the Football Club agreed with the directors of the Football Club.

4.3       All or part of the Fee Balance may be used for paying for any of the following purposes or for such other purposes as the Servicer considers (acting reasonably) are in the best interests of the Platform and/or the Football Club with effect from the Go Live Date:

            a.         transaction fees associated third party payment provider related to taking membership fees;

b.         Platform/app build, development and maintenance, and Platform/app hosting costs;

c.         producing content for the Platform/app;

d.         all due diligence, legal and financial costs, and other associated costs, in order to enter into the relevant transaction with the Football Club and/or continue to run the Platform and/or its interaction with the Football Club (including taking enforcement action to ensure the rights of the Platform and/or FC100,000 are protected to the extent it consider necessary, and obtaining legal, tax and other advice in connection with any such matters);

e.         paying for the costs of any insurance which is required (such as representation and warranty insurance, third party liability insurance, or other relevant insurance);

f.          communicating with members (email marketing); and/or

g.         ⁠online marketing (social media advertising).

5. Membership termination

5.1       Your membership will automatically terminate if you fail to pay the monthly Membership Fee.

5.2       We reserve the right to terminate your Membership at any time and for any reason, including but not limited to violation of these Terms & Conditions or inappropriate conduct towards other members, the Servicer and/or the Football Club, whether that be on the Platform, on other online platforms, or in person.

5.3       We reserve the right to close the Platform, terminate the FC100,000 arrangement and terminate all ongoing memberships to the extent that the Servicer considers that the Platform is no longer viable or as a result of an agreement with the other owner(s) of the Football Club that this should occur to the extent that membership falls below a certain number which the Servicer considers viable in order for the Platform to continue to operate effectively. The Servicer also reserves the right to close the Platform to the extent that some unforeseen event occurs (such as, without limitation, where an insolvency event (such as the appointment of an administrator or the appointment of a liquidator) in respect of the Football Club, where there is a change in regulation or the interpretation of a regulation, the imposition of sanctions or money laundering concerns in respect of the other owners of the Football Club, a change in ownership of the Football Club which means that the Platform can no longer function adequately, a material deterioration in the financial condition of the Football Club and/or breaches of the agreement with the Football Club by the other parties to any relevant agreement, which make the Platform and/or FC100,000 no longer viable (in each case, in the discretion of the Servicer).

6. Use of the Platform

6.1       As a member, you are granted access to the Platform during the period of your membership. You agree to abide by the rules and guidelines outlined on the platform regarding its use. These rules and regulations may change from time to time.

6.2       You agree not to engage in any behavior that is abusive, offensive, or disruptive towards other members or our staff or the staff of the Football Club.

7. Membership is not an Investment

7.1       Membership does not constitute an investment, the issue of securities, or the issue of a financial instrument, nor any agreement to do so, in any jurisdiction.

7.2       While ownership of an interest in the Football Club by the Servicer or by a Trustee may result from the agreement which is entered into with the Football Club, this is in order to facilitate the operation of the Platform by the Servicer only, and not in order to generate profit. The intention is that all profits derived from the ownership and operation of the Football Club will be retained by the Football Club while the agreement with the Football Club and the Servicer remains effective. In the vast majority of cases football clubs are operated at a loss, and they have limited or no ability to pay dividends or make any other distributions or payments to owners. But the intention is that the Servicer will appoint a director of the board of directors of the Football Club, and that that director will vote to retain any profits which are generated in the Football Club within the Football Club in order to use it for the ongoing operation of the Football Club.

7.3       The only circumstances in which the Golden Share or the Controlling Stake may be sold or cancelled is where the number of members reduces below an acceptable level, as determined by the Servicer, to make the FC100,000 membership scheme viable, or where the Platform is closed for one of the reasons referred to in paragraph 5.3 above. Under the terms of the agreement with the current owner of the Football Club, that may mean that the Servicer must return the Controlling Stake or that the Servicer must return the Golden Share to the current owner or to another relevant person or supporters group for no or for nominal consideration.

7.4       The owner of the balance of the shares in the Football Club which are not acquired by or issued to the Platform may be sold, charged or otherwise disposed of by the then current owner. The then current owner may invite co-investors to invest further amounts in the Football Club in return for the issue of further shares. It is not the intention of the Servicer to seek to restrict any such transactions.

7.5       The Football Club may become insolvent or enter into administration, or a third-party lender may enforce its security over the Football Club. This is a risk inherent in the operation of any football club, but the effect would be that the Platform may no longer be able to operate, and that your membership may terminate.

7.6       You should not become a member if you are doing so in order to try make money from the Football Club or the Platform. Your membership is intended to be for recreational purposes only.

7.7       You should not become a member because you believe that there may be an opportunity to sell a stake in the Football Club at a future date, and that you may make some money from doing this. This is not the intention of the Platform or the Servicer. There is no intention for the Servicer and/or the Trustee to sell its share in the Football Club for profit at any point in time. The intention is to help a Football Club become sustainable to the extent possible, and not for the members of the Platform to make money or profit from it.

8. Limitation of liability

8.1 To the fullest extent permitted by law, we shall not be liable for any indirect, incidental, special, economic, consequential, or punitive damages arising out of or in connection with your FC100,000 Membership.

9. Governing law and Jurisdiction

9.1 These Terms & Conditions and your use of the Platform shall be governed by and construed in accordance with the laws of England and Wales. The Courts of England and Wales shall have exclusive jurisdiction to settle any disputes which may arise from time to time.

10. Contact us

10.1 If you have any questions or concerns about these Terms & Conditions or your Membership in FC100,000, please contact us at social@fc100000.com

b. Membership Funds

1. Utilisation of Membership Funds

1.1       The intention is that the Membership Fee collected through the membership scheme will be used, inter alia, for the purpose of purchasing a Golden Share (or a Controlling Stake) in the Football Club by the Servicer, and/or for the purposes of entering into an agreement with a similar effect. However, there can be no guarantee that a Football Club will be acquired, or that such a transaction can ultimately proceed. This could be as a result of the failure by the Servicer to find a football club which agrees to the terms proposed by the Servicer, or as a result of issues which arise in due diligence which make the acquisition no longer viable, or the failure of the current owner of the Football Club to satisfy any relevant conditions precedent to an acquisition.

1.2       Membership Funds can used for any of the purposes outlined in these Terms and Conditions. The intention is that part of the Membership Fee which is contributed or paid to the Football Club after deduction of the Servicer Share and other relevant costs referred to in these Terms and Conditions may be used for any purposes by the Football Club, including without limitation the ongoing operation of the Football Club, buying players or entering into contracts with players, paying interest on ongoing debts owed by the Football Club, marketing, improvements to the Football Club or its grounds, wages of employees of the Football Club (including wages for directors), and other operational needs of the Football Club. However, if no Football Club is ultimately acquired, or a Football Club is acquired but the Platform closes, then the  whole or part of the Membership Fees which have been paid up to that date may not be returned or refunded.

2. Ownership/Control structure

2.1 The Servicer will endeavor to enter into an agreement to acquire a Golden Share (or Controlling Stake) in the Football Club, or enter into an agreement with a Football Club with a similar effect.

2.2       The intention is that the Golden Share, agreement or Controlling Stake will allow the Servicer to appoint a director or directors of the Football Club, or otherwise enter into an agreement which will allow the Servicer to be consulted on all day-to-day management decisions being made by the Football Club.

2.2       The Servicer or the Trustee shall be the legal owner of any Golden Share (or Controlling Stake) acquired in the Football Club.

2.3       The Servicer may seek to negotiate a right to buy a majority stake or complete ownership of the Football Club at a future trigger date and/or at a specified price, or upon the occurrence of certain events or targets being met, on behalf of the members. But there is no guarantee that any such agreement will ultimately be entered into, or what form any such agreement would take. It could be that the Servicer has a right to influence or control decisions at the Football Club for a period, and that such control or influence would cease upon certain events (such as the insolvency of the Football Club or Membership Fees falling below a certain amount).

2.4       The Servicer will summarise the terms of the acquisition for the Members. However, there is no guarantee that such summary will be complete or accurate in all respects. The acquisition of an interest in a Football Club is a complex matter. Whilst the Servicer will look to engage competent advisors, it may be (for example) that there are material issues which did not become apparent in due diligence prior to the acquisition of the Football Club, and which could ultimately affect the viability or performance of the Football Club.  The Servicer, its directors and employees can accept no liability for any such failures other than those caused by its gross negligence or fraud. Any liability for such matters is excluded to the fullest extent permitted by law. In particular, there can be no guarantee that the Football Club will remain solvent.

2.5       The Servicer may close the FC100,000 membership scheme by giving notice on the website at any time to the extent that it has not acquired a football club within 12 months of date of commencement of the collection of Membership Fees;

2.6       In the event that the Servicer closes the FC100,000 membership scheme in accordance with these Terms and Conditions prior to the date of acquisition of a Golden Share or a Controlling Stake in a Football Club, each member who is still participating at the relevant time will be entitled to be refunded their share of fees paid into the membership scheme less:

1. all transaction fees and other expenses (including any service fees paid to a third party payment provider) incurred in relation to collecting or returning the initial or the balance of the initial amount paid by or attributed to the relevant member;
2. any costs associated with negotiating with football club(s), including without limitation legal, accounting and other due diligence costs incurred in connection with the FC100,000 Platform or the said negotiations;
3. any other expenses which the Servicer is entitled to deduct from the membership fees in accordance with the terms of this Agreement; and
4. the Servicer Share paid prior to the date of termination.

2.8       In the event that the Servicer closes the FC100,000 membership scheme after the date of acquisition of a Golden Share or a Controlling Stake in a Football Club, the then current members shall not be refunded any part of their membership fees which have been paid. Any excess after deduction of relevant expenses which the Servicer is entitled to deduct will be paid to the Football Club.

2.9       Notwithstanding Clause 2.6, in the event that the amount which is to be returned to members after deduction of all relevant expenses is less than £20 per member, the Servicer may elect to pay such amount to a footballing charity of its choice (such as the Footballing Foundation or another similar organization).

3. Restrictions on the Golden Share (or Controlling Stake) and majority stake disposal

3.1       The Servicer or the Trustee is prohibited from selling, transferring, or otherwise disposing of shares or rights held by it in the Football Club, which will be held on trust for the benefit of the members from time to time, except under exceptional circumstances and with the explicit consent of the Membership.

3.2       In the event of selling, transferring, or otherwise disposing of shares in the Football Club, the intention is that any resultant funds can only be used for the purchase of a Golden Share (or Controlling Stake) or similar agreement in another football club. The intention is not for any distribution of profit or sale proceeds to be made to members at that time. As stated, you should not become a member on the basis that you intend to make any profit from membership.

4. Member Benefits

4.1       Members of FC100,000 shall be entitled to enjoy exclusive benefits, as determined by the Servicer, including participation and access to the influence, content, and rewards related to FC100,000, the Platform and Football Club.

4.2       We shall endeavour to provide equitable and fair benefits to all members of the membership scheme, ensuring that the collective contributions of the members are recognised and appreciated.

5. Transparency and Accountability

5.1       We seek to maintain transparency and accountability in the utilisation of membership funds. Updates on the financial status, operations, and performance of the Football Club shall be provided to the members through the FC100,000 Platform, subject to any legal or regulatory restrictions, data protection issues, issues around confidentiality obligations or other relevant concerns.

6. Amendments to Terms & Conditions

6.1       We reserve the right to amend or modify these Terms & Conditions at any time, subject to prior notification to the members. Any changes to these Terms & Conditions shall be communicated to the members through the Platform or other appropriate channels.

7. Negotiation and Securing Favorable Terms with Football Club

7.1       We are authorised to negotiate the terms of the acquisition of a Golden Share (or Controlling Stake) in the Target Football Club with the Football Club or an agreement with a similar effect, and with any relevant parties involved in the transaction. We shall appoint lawyers, accountants and other advisors to assist us in the acquisition.

7.2       We will endeavour to secure favourable terms for the purchase of the Golden Share (or Controlling Stake), or entry into an agreement with a similar effect, including but not limited to price, financing arrangements, lease agreements, and other relevant terms and conditions, but we make no warranty to members in this regard.

7.3       Where feasible and practical, we shall keep the members informed of the progress of the negotiation process and shall provide updates on any developments or changes to the terms of the acquisition.

7.4       In is in the interests of the Servicer to act in the best interests of the members and prioritise securing terms that maximise the participation and access to the influence, content, and rewards related to “FC100,000”, the “FC100,000 Platform” and “Football Club”, since participation in the Platform will be dependent on the performance of the Servicer.

c. Governance

Directors

1.1       The intention is that the Servicer will have the right to appoint a director of the Football Club, or otherwise that the Servicer will have an agreement with the Football Club with an equivalent effect. The director who is appointed will consult with the Servicer and its advisors (Supporting Board) in order to ensure that it gives effect to the wishes of Members, to the extent that it is lawful to do so, and that it does not conflict with the duties of a director of the Football Club.

Platform Management

2.1       We shall maintain, develop and own a dedicated Platform for FC100,000 members. The Platform will provide members with participation and access to the influence, content, and rewards related to FC100,000.

2.2       The Servicer shall be responsible for maintaining and updating the FC100,000 Platform, ensuring that it remains accessible and user-friendly for members.

Members’ Rights and Participation

4.1       Members shall have the right to participation and access to the influence, content, and rewards related to FC100,000.

4.2       Members shall have the opportunity to voice their opinions, concerns, and suggestions regarding the management of the Football Club via the Platform, subject to these Terms and Conditions, and to relevant legal and other considerations (such as the prevention of libelous comments, the management of forums and other relevant considerations).

d. Revenues and Intellectual Property

Platform Revenue

2.1 We shall have the exclusive right to generate commercial revenue from the Platform, including, but not limited to, advertising, sponsorship, promotions and media agreements.

2.2       Any commercial revenue generated by the FC100,000 Platform and the FC100,000 concept shall belong to the Servicer.

2.3       We reserve the right to negotiate and enter into agreements with third parties for advertising, sponsorship, promotions, and media agreements related to the Platform and to the FC100,000 concept, on terms and conditions determined by us.

Negotiation Fee

3.1       The Servicer reserves the right to negotiate advertising, sponsorship, and promotional deals to generate commercial income on behalf of the Football Club, subject to a negotiation fee in an amount agreed with the Football Club.

Conflict of Interest

4.1       We shall take into account the interests of Members and the Football Club in negotiating and entering into advertising, sponsorship, and promotions and media agreements related to the Platform and to the FC100,000 concept.

4.2       We shall identify any potential conflicts of interest that may arise in negotiating such deals and shall seek to mitigate such conflicts in a transparent and ethical manner in consultation with the Football Club.

4.3       All intellectual property rights associated with FC100,000, the Platform and any related materials, including but not limited to trademarks, logos, content, and software, shall be owned exclusively by the Servicer.

4.4 Members acknowledge and agree that any use or reproduction of the intellectual property associated with FC100,000 without the express consent of the Servicer is strictly prohibited.

e. Data protection and privacy

Data Collection and Usage

1.1. By using the FC100,000 Platform (website and app), you consent to the collection, processing, and storage of your personal data as outlined in our Privacy Policy.

1.2. We collect personal data, including but not limited to, your name, email address, contact information, and preferences, for the purpose of providing and improving our services, as well as for communication with you.

1.3. We may also collect non-personal data, such as usage statistics and analytics, to analyse trends and improve user experience.

Data Security

2.1. We implement reasonable security measures to protect your personal data from unauthorised access, disclosure, alteration, or destruction.

2.2. However, please note that no method of transmission over the internet or electronic storage is completely secure, and we cannot guarantee the absolute security of your data.

Data Sharing and Disclosure

3.1. We may share your personal data with trusted third-party service providers for the purpose of providing our services, such as hosting providers, payment processors, and analytics providers.

3.2. We may also disclose your personal data when required by law or to protect our rights, property, or safety, or the rights, property, or safety of others.

Cookies and Tracking Technologies

4.1.      We use cookies and similar tracking technologies to enhance user experience, analyse usage patterns, and personalize content and advertisements.

4.2.      You may adjust your browser settings to refuse cookies or to alert you when cookies are being sent. However, please note that some features of the FC100,000 Platform may not function properly if cookies are disabled.

Third-Party Links

5.1.      The FC100,000 Platform may contain links to third-party websites or services that are not owned or controlled by us.

5.2.      We are not responsible for the privacy practices or content of third-party websites or services. We encourage you to review the privacy policies of those third parties before providing any personal data.

Your Rights

6.1.      You have the right to access, update, or delete your personal data stored by us. You may also object to the processing of your personal data or request the restriction of processing.

6.2.      To exercise your rights or for any inquiries regarding your personal data, please contact us at social@fc100000.com

Changes to Privacy Policy

7.1.      We reserve the right to modify or update this Privacy Policy at any time. Any changes will be effective immediately upon posting the revised Privacy Policy on the FC100,000 Platform.

7.2.      We encourage you to review this Privacy Policy periodically for any updates or changes.

Consent

8.1.      By using our website and app, you consent to the collection, processing, and storage of your personal data in accordance with this Privacy Policy and our Terms and Conditions.

f. Anti-Money Laundering (AML) Compliance

Compliance Obligations

1.1. We are committed to complying with all applicable Anti-Money Laundering (AML) laws and regulations. As part of our commitment to AML compliance, we may require certain information from you to verify your identity and ensure that our services are not being used for illicit purposes.

Verification Process

1.2. We may conduct identity verification checks using information provided by you or obtained from third-party sources. By using our services, you consent to the collection, processing, and storage of your personal information for the purpose of AML compliance.

Reporting Obligations

1.3. We are required to report any suspicious activities or transactions that may be indicative of money laundering or terrorist financing to the relevant authorities. We reserve the right to suspend or terminate your membership and access to our services if we have reason to believe that you are engaging in illegal activities.

Cooperation with Authorities

1.4.      We will cooperate fully with law enforcement agencies and regulatory authorities in their efforts to combat money laundering and terrorist financing. This may include providing information about your membership and activities on our platform if requested by competent authorities.

Confidentiality

1.5.      We will handle all information obtained for AML compliance purposes in accordance with our Privacy Policy and applicable data protection laws. We will not disclose your personal information to third parties except as required by law or as necessary for AML compliance purposes.

Changes to AML Policies

1.6.      We reserve the right to update or modify our AML policies and procedures at any time to ensure compliance with changing legal and regulatory requirements. Any changes will be effective immediately upon posting the revised policies on our website or app.

By using our services, you acknowledge and agree to comply with our AML policies and procedures. Failure to comply with these requirements may result in the suspension or termination of your membership and access to our services.

g. Glossary

1. Supporting Board: a board, including but not limited to directors of “FC100K Limited”,  established to oversee the governance of membership scheme “FC100,000”, to provide support and expertise to the “Football Club Board”, and to place director(s) on the Football Club Board, in order to ensure wishes of the “members” are carried out in accordance the terms of the “Golden Share” held in the “Football Club”.

2. FC100,000 Platform (Club Operating Platform): a dedicated online platform – including but not limited to website browser and app – owned and operated by “FC100K Limited”, providing participation and access to influence, content, and rewards related to the membership scheme and the “Football Club”.

3. Football Club Board: A board of directors and chairman, overseeing the management and operation of the “Football Club”.

4. Commercial Revenue: Revenue generated directly the “Football Club”.

5. Platform Revenue: revenue generated on the “FC100,000 Platform” including but not limited to advertising, sponsorship, and promotions. Not including “membership fees”.

6. Negotiation Fee: where the terms of “Commercial Revenue” – including but not limited to sponsorship, advertising and promotions – is negotiated on behalf of the “Football Club” by the “Supporting Board”, a fee of up to 10% of the total revenue generated from such deals can be by charged by “FC100K Limited”.

7. Intellectual Property: all rights associated with “FC100,000”, including but not limited to the FC100,000 Platform, the FC100,000 concept, its branding and related materials, including trademarks, logos, content, and software, owned exclusively by “FC100K Limited”.

8. Members/Membership: individuals who have joined “FC100,000”, the membership scheme operated by “FC100K Limited”, who are entitled to participation and access to the influence, content, and rewards related to the membership scheme and “Football Club”.

9. FC100K Limited/Company: “FC100K Limited”, also referred to as ‘The Servicer’, the entity responsible for delivering and operating “FC100,000”, and owner of all associated mechanisms and intellectual property including, but not limited to, the “FC100,000 Platform”, the “FC100,000” concept, its branding and related materials, including trademarks, logos, content, and software.

10. Football Club: “Target Football Club” identified and then in which the “FC100K Limited” purchase a “Golden Share” on behalf of the “members”. Via the “FC100,000 Platform”, and because of the terms of the Golden Share, the members will have influence at the Football Club.

11. FC100,000: membership scheme operated by “FC100K Limited”, giving “members” participation and access to the influence, content, and rewards related to the membership scheme and “Football Club”.

12. Governance Structure: framework outlining the roles, responsibilities, and decision-making processes within the membership scheme, including the “Supporting Board”, “Football Club Board”, “FC100,00 Platform”, “FC100K Limited” and other relevant entities.

13. Membership Funds: collected through the membership scheme’s “Membership Fees”, utilised for the acquisition of the “Golden Share” and associated legal and due diligence costs, development of the “FC100,000 Platform”, operation and maintenance of the “Football Club”, as well as other related expenses.

14. Membership Benefits: participation and access to the influence, content, and rewards related to “FC100,000”, the “FC100,000 Platform” and “Football Club”.

15. Membership Fee: monthly fees paid by members on the “FC100,000 Platform” to join and then retain membership in “FC100,000” and access associated “Membership Benefits”.

16. Target Football Club: the “Football Club” in which “FC100 Limited” will negotiate to buy a controlling stake and/or a “Golden Share” on behalf of the Membership. Where possible, FC100 Limited will poll and ask guidance from Members in determining their preferred Football Club.

By joining the FC100,000, you acknowledge that you have read, understood, and agree to be bound by these Terms & Conditions.