End User Den Performance-Based Pricing Terms
These terms apply when a participating company (“Participant”) selects the $3,500 Performance-Based Pricing Option for an SVIP End User Den.
By successful payment, participant acknowledges these Terms & Conditions and completing registration, Participant agrees to the following:
1. Pricing
Participant will pay $3,500 per End User Den plus a 1% Success Fee on Qualifying Business closed within twelve (12) months following the applicable Den.
2. Qualifying Business
“Qualifying Business” means business with an organization represented by an End User/Lion at the applicable Den that results directly from or is materially advanced through Participant’s participation in the Den.
This includes business resulting from introductions, conversations, meetings, referrals, follow-ups, evaluations, pilots, proposals, or other opportunities generated or materially advanced through the Den.
Qualifying Business may also include business resulting from a participating End User/Lion referring Participant to another individual, department, location, subsidiary, affiliate, or related organization.
3. Success Fee Calculation
The Success Fee equals 1% of the total committed value of the initial contract, purchase order, statement of work, or other binding commercial agreement associated with Qualifying Business, excluding applicable sales taxes.
For multi-year or recurring agreements, the Success Fee is calculated on the committed value of the initial contractual term. Optional renewals, extensions, expansions, or future purchases not contractually committed at the time of the initial transaction are excluded.
For example, if Participant closes $500,000 in Qualifying Business, the Success Fee owed to SVIP is $5,000.
4. Pre-Existing Opportunities
The Success Fee does not apply to a bona fide opportunity that Participant was already actively pursuing with the applicable organization before the Den.
Any pre-existing opportunity must be disclosed to SVIP in writing before the Den.
If a pre-existing opportunity is not disclosed before the Den, subsequent business with that organization may be considered Qualifying Business if it otherwise meets these terms.
5. 12-Month Period
The Success Fee applies to Qualifying Business executed or awarded within 12 months of the applicable Den date.
6. Reporting & Payment
Participant agrees to notify SVIP within 10 business days of closing Qualifying Business and provide reasonable documentation necessary to confirm the transaction value.
SVIP will invoice Participant for the applicable 1% Success Fee. Payment is due within 30 days of the invoice date.
Non-public transaction information provided to SVIP will be treated as confidential and used for purposes of administering the Success Fee.
7. Anti-Circumvention
Participant may not intentionally structure, redirect, delay, assign, or route Qualifying Business through an affiliate, reseller, distributor, integrator, or other third party for the purpose of avoiding the Success Fee.
Qualifying Business remains subject to the Success Fee when the transaction resulted directly from or was materially advanced through the Den, regardless of the reasonable commercial channel through which the transaction is ultimately completed.
8. Verification
If SVIP reasonably believes Qualifying Business has occurred, SVIP may request reasonable documentation or written confirmation necessary to verify whether a Success Fee is owed and calculate the applicable amount.
Participant agrees to cooperate with reasonable verification requests.
9. No Guarantee of Business
SVIP provides Participant with the opportunity to present its company to executive end users. SVIP does not guarantee any meeting, opportunity, pilot, purchase order, contract, revenue, or other business outcome.
A Success Fee is owed only when Qualifying Business closes as defined by these terms.
10. Governing Law
These terms are governed by the laws of the State of Texas.
Acceptance
By successful payment, Participant acknowledges that it has read, understands, and agrees to these End User Den Performance-Based Pricing Terms, including the obligation to pay SVIP a 1% Success Fee on Qualifying Business.
