Terms and
Conditions
LottoStockMarket Shareholders’ Agreement
Please read carefully before registering for membership in LottoStockMarket and
buying or selling LottoStockMarket shares. This Agreement describes the terms
and conditions applicable to your use of the LottoStockMarket website and
shareholder services. If you do not agree to be bound by the terms and
conditions of this Agreement do not use or access our services.
Shareholder Agreement.
If you have any questions, please refer to the
LottoStockMarket Description and the
Frequently Asked Questions. You must read, agree with, and accept all terms
and conditions contained in this Agreement and the
Privacy Policy, which includes those terms and conditions expressly set out
below and those incorporated by reference, before you may become a shareholder
of LottoStockMarket. We, at LottoStockMarket, strongly recommend that you read
and access the information contained in the other pages and websites referred to
in this Agreement, as they may contain further terms and conditions that apply
to you as a LottoStockMarket shareholder. Please note that underlined words and
phrases are links to these pages and websites. By accepting this Agreement, you
also agree that your use of other LottoStockMarket websites will be governed by
the Agreement and Privacy Policy posted on those websites.
LottoStockMarket may amend this Agreement at any time by posting the amended
terms on the Web Site. Except as stated below, all amended terms shall
automatically be effective 30 days after they are initially posted on the Web
Site. LottoStockMarket will notify you of any changes in accordance with your
Notification Preferences. This Agreement may not be otherwise amended except in
writing signed by you and LottoStockMarket. This Agreement is effective upon
LottoStockMarket’s acceptance of your registration to become a member
shareholder.
Shareholder Eligibility.
The services provided by LottoStockMarket are only available to, and may only be
used by, individuals who are legally competent to form binding contracts under
applicable law. Without limiting the foregoing, our services are not available
to children (persons under the age of 18), or persons who are not members of
LottoStockMarket. If you do not qualify for our services, please do not use our
Site.
LottoStockMarket Is An Investment Group.
LottoStockMarket is not a Stock Market and is not affiliated with any stock
market.
LottoStockMarket is a special lottery pool where members are considered
shareholders, member contributions are lotto stock, and lottery winnings are
dividends. Although it operates like a stock market by providing potential
dividends to its shareholders, LottoStockMarket derives its earnings strictly
from using shareholder contributions to play state lotteries.
How LottoStockMarket Investing Works.
LottoStockMarket brings buyers and sellers together to trade lottery-pool
shares. Funds from the lottery pool are called LottoStock and are used to play
the daily Pick 3-6 games using numbers selected by a proprietary
Management Software to ensure consistent
success.
Opening an Account.
Any person meeting the eligibility requirements may register with
LottoStockMarket to become a member shareholder. Before opening a new account
you must first read and accept the Terms and Conditions. A $15.00 non-refundable
fee is required. Only legal funds from legal sources may be used to buy shares.
Use of credit cards require that the account address and credit card billing
address be the same at the time of purchase.
Buying Shares.
Shares may be purchased on line or by mail at the current share value. The date
of share purchase is not the active date of the share. The active share date is
the date when LottoStockMarket may use the share amount you have invested to
play the lottery; when this occurs the status of your online account will become
“active” (fully paid and in trading). Where a member already owns shares, new
share purchases will remain frozen until payment is actually collected. At this
time the additional shares purchased will become “active.”
Selling Shares.
You can request LottoStockMarket to sell your shares at any time. You will
receive the current share value locked in by LottoStockMarket on the date and
time we receive your request. This means that you will stop receiving investment
dividends (i.e., lottery winnings) on the shares you are selling on the date and
time we receive your request.
Closing or Canceling Your Account.
You may discontinue your membership in LottoStockMarket at any time. When this
occurs LottoStockMarket will immediately close and cancel your account. This
means you will not receive any future dividends from LottoStockMarket
investments after this date and time.
Distributing Small Lottery Winnings.
Lottery winnings (less than one million dollars) are divided into
four accounts: Investor account, Play account, Backup account and Company
account. Each account will get 25% of the winnings. The company account belongs
to LottoStockMarket.com, and is used for operational expenses. The other three
accounts belong to shareholders.
Distributing Large Lottery Winnings.
When LottoStockMarket makes a successful investment, which results in
winning a big lottery valued at one million dollars or more, funds will be
distributed as follows:
- LottoStockMarket will submit the names of all
eligible shareholders to the appropriate state lottery commission.
- After deducting the applicable federal
and state taxes, the state lottery commission will disburse 65% of all lottery
winnings, in accordance with LottoStockMarket's distribution plan,
to the
shareholders in proportion to the number of active shares each shareholder owns.
- LottoStockMarket will receive 25% of the
payout to be placed in the company account belonging to LottoStockMarket.com
- LottoStockMarket will receive an additional
10% of the payout to be divided into three equal parts and placed into the
shareholders' 'Investor', 'Play,' and 'Backup' accounts. A large payout has the
potential to increase the share value and price of Lottostock to an amount that
exceeds the established price range of $10 to $20 per share. To prevent this
from occurring LottoStockMarket will conduct a stock split to bring the share
price within acceptable limits and may increase the number of shares.
- LottoStockMarket will receive portions of the
payout belonging to foreign investors and remit them, minus transfer charges, to
the shareholders via Western Union.
Paying Taxes and Benefits.
All winnings are subject to applicable tax deductions before being
distributed into the
four accounts. LottoStockMarket will use lottery loss receipts in filing taxes
and distributing tax refunds, if any, into the four accounts.
Investment Risks.
Like any investment, playing the lottery through LottoStockMarket
carries a risk. We can not guarantee you that LottoStockMarket investments will
always be successful. Although there is a possibility that you can lose your
investment as a result of sustained lottery loses, there is also a great
likelihood that your investments will grow if LottoStockMarket consistently
wins.
Shareholder Audits and Verification of
LottoStockMarket Activities.
After six months in operation, and annually thereafter, LottoStockMarket will
request the services of an independent certified public accounting (CPA) firm to
audit all LottoStockMarket investment activities, excluding activities,
property, or equipment associated with the exclusive proprietary management
software and the Lotto2000 software series. The auditing process will be
conducted according to generally accepted accounting practices and shall include
verification of old lottery tickets, all accounts (except the company account
belonging to LottoStockMarket.com) including all deposits, disbursements, share
price calculations, and agents’ activities. A final audit report will be posted
on LottoStockMarket.com for all shareholders to review.
LottoStockMarket disclaims all responsibility for any negative publicity or
investment effects resulting from adverse auditing reports. Under no
circumstances will LottoStockMarket be held legally responsible for any adverse
effects except as proved and related to the mishandling of shareholders
accounts. If this occurs LottoStockMarket will correct irregular activities or
business practices as soon as possible and the extent of the company’s liability
will be limited to the amounts specified herein in the section entitled
Liability Limits.
Release of Liability.
LottoStockMarket uses several techniques to attempt to verify the
accuracy of the information you provide when you register as a shareholder on
this Site; however, because user verification on the Internet is difficult,
LottoStockMarket cannot and does not confirm each user's purported identity. We
are a lottery investment group. In the event that you have a dispute with one or
more of our shareholders because of their improper or misidentification, whether
intentional or otherwise, you agree to release LottoStockMarket and our
officers, directors, agents, subsidiaries, joint ventures and employees from
claims, demands and damages (actual and consequential) of every kind and nature,
known and unknown, suspected and unsuspected, disclosed and undisclosed, arising
out of or in any way connected with such disputes.
Cancellation of Account for Breach of Agreement.
Without limiting other remedies you agree that LottoStockMarket may restrict
your activity, issue a warning, temporarily suspend, or permanently cancel your
membership and refuse to provide services to you if: (a) you breach this
Agreement or the documents it incorporates by reference; (b) we are unable to
verify or authenticate any information you provide to us;
(c) you commit a fraudulent act related to your participation in or obtaining
shareholder profits; or d) we believe that your actions may cause
financial loss or legal liability for you, our shareholders or us.
Cancellation of Account for Fraudulent Activities.
Without limiting any other remedies, you agree that LottoStockMarket may
temporarily suspend or permanently cancel your account if we suspect that you
have engaged in any fraudulent activity in connection with the Web Site or with
LottoStockMarket’s lottery investment software and equipment.
If our investigation proves that you engaged in fraudulent activity that
resulted in you receiving a payout from LottoStockMarket you agree to forfeit
all such profits.
Privacy Policy.
LottoStockMarket does not sell or rent your personal information to
third parties for their marketing purposes. We understand clearly that you and
your information are one of our most important assets. We view protection of our
shareholders’ privacy as a very important community principle and will only use
your information as described in the Privacy Policy. We store and process your
information on computers located in the United States that are protected by
physical as well as technological security devices. Our current privacy policy
is available at http://www.LottoStockMarket.com. If you object to your
Information being transferred or used in this way please do not use our
services.
No Warranty.
WE, THE SHAREHOLDERS OF LOTTOSTOCKMARKET, OUR OFFICERS, DIRECTORS,
AND EMPLOYEES PROVIDE OUR WEB SITE AND SERVICES "AS IS" AND WITHOUT ANY WARRANTY
OR CONDITION, EXPRESS, IMPLIED OR STATUTORY. WE SPECIFICALLY DISCLAIM ANY
IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. This warranty gives you
specific legal rights. You may have other legal rights that vary from state to
state.
Liability Limits.
IN NO EVENT SHALL LOTTOSTOCKMARKET, OUR OFFICERS, DIRECTORS, AND
EMPLOYEES BE LIABLE FOR LOST PROFITS OR FOR ANY SPECIAL, INCIDENTAL, OR
CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH OUR SITE, OUR
SERVICES, OR THIS AGREEMENT HOWEVER SUCH LOSSES OR DAMAGES MAY OCCUR.
LOTTOSTOCKMARKET’S SOLE RESPONSIBILITY IS TO USE OUR BEST EFFORTS TO GENERATE
THE HIGHEST RETURNS FOR YOUR INVESTMENT. IF OUR BEST EFFORTS FAIL, YOU AGREE NOT
TO SEEK COMPENSATION IN ANY AMOUNT OR FORM FROM LOTTOSTOCKMARKET.COM.
IN ANY CASE, REGARDLESS OF THE CIRCUMSTANCES UNDER WHICH AN ALLEGED CLAIM OR
CAUSE OF ACTION MAY ARISE, LOTTOSTOCKMARKET’S LIABILITY AND THE LIABILITY OF OUR
OFFICERS, DIRECTORS, AND EMPLOYEES TO YOU OR ANY THIRD PARTIES IS LIMITED TO THE
GREATER OF (A) YOUR INITIAL INVESTMENT EXCLUDING THE NON-REFUNDABLE ACCOUNT
PROCESSING FEE OR (B) YOUR INITIAL INVESTMENT, EXCLUDING THE NON-REFUNDABLE
ACCOUNT PROCESSING FEE, PLUS ANY DIVIDENDS THAT YOU MAY HAVE EARNED PRIOR TO THE
DATE WE RECEIVED YOUR NOTICE OF DISPUTE, GRIEVANCE, OR ACTION FOR DAMAGES.
Indemnity.
You agree to indemnify and hold LottoStockMarket.com and (as
applicable) our officers, directors, agents, and employees, harmless from any
claim or demand, including reasonable attorneys' fees, made by any third party
due to or arising out of your breach of this Agreement or the documents it
incorporates by reference, or your violation of any law or the rights of a third
party.
Legal Compliance.
You agree to comply with all applicable domestic and international
laws, statutes, ordinances and regulations regarding your use of our service and
participation in the LottoStockMarket investment group.
Notices.
Except as explicitly stated otherwise, any notices regarding
LottoStockMarket.Com shall be given by postal mail to: Volta Information
Systems, LottoStock Investments, P O Box 560, Clarkston, GA 30021 (in the case
of LottoStockMarket.Com) or to the email address you provide to
LottoStockMarket.Com during the registration process (in your case). Notice
shall be deemed given 24 hours after email is sent, unless the sending party is
notified that the email address is invalid. Alternatively, LottoStockMarket.Com
may give you notice by certified mail, postage prepaid and return receipt
requested, to the address you provided during the registration process. In such
case, notice shall be deemed given 3 days after the date of mailing.
Resolution of Disputes.
In the event a dispute arises between you and LottoStockMarket.Com, our goal is
to provide you with a neutral and cost effective means of resolving the dispute
quickly. Accordingly, you and LottoStockMarket.Com agree that any claim or
controversy at law or equity that arises out of this Agreement or our services
shall be resolved through alternative dispute resolution procedures, such as
mediation or binding arbitration as an alternative to litigation, or as
otherwise mutually agreed upon in writing by the parties. Before resorting to
these procedures, LottoStockMarket.Com strongly encourages you to first contact
us directly to seek a resolution.
In the case of binding arbitration, you agree the arbitration shall be
administered by an established Alternative Dispute Resolution (ADR) provider
mutually agreed upon by the parties and conducted in accordance with the rules
of the American Arbitration Association. Any judgment on the award rendered by
the arbitrator may be entered in any court having jurisdiction thereof. Such
mediation or binding arbitration will be held in Dekalb County, Georgia, or
another location mutually agreed upon by the parties.
This Agreement shall be governed in all respects by the laws of the State of
Georgia as such laws are applied to agreements entered into and to be performed
entirely within Georgia between Georgia residents.
Miscellaneous Provisions.
We
do not guarantee continuous, uninterrupted or secure access to our services, and
operation of the Web Site may be interfered with by numerous factors outside of
our control.
If
any provision of this Agreement is held to be invalid or unenforceable, such
provision shall be struck and the remaining provisions shall be enforced. You
agree that this Agreement and all incorporated agreements may be automatically
assigned by LottoStockMarket.Com in our sole discretion.
Headings are for reference purposes only and in no way define, limit, construe
or describe the scope or extent of such section. Our failure to act with respect
to a breach by you or others does not waive our right to act with respect to
subsequent or similar breaches. This Agreement sets forth the entire
understanding and agreement between us with respect to the subject matter
hereof.
Disclosures.
The services hereunder are offered by Volta Information Systems, LottoStock
Investments, located at P O Box 560, Clarkston, GA 30021. Disputes between you
and LottoStockMarket.Com regarding our services may be reported to Customer
Support by going to
http://www.LottoStockMarket.com.
Our Mission.
LottoStockMarket takes pride in being a credible and professionally managed
lottery investment group. Our mission is to build a reliable and profitable
operation that is respected by and beneficial to all shareholders.
Agreement.
I agree to the Terms and Conditions of this Agreement as specifically stated
herein and incorporated by reference.
Name: _________________________________
Sign: ___________________ Date___________
Please sign this agreement, make a copy for your records and add it
to your order, or if you opened an account on-line, mail a copy to:
Click here for contact information
Go to
Buy Shares to get started with LottoStockMarket.