Araneta St.

, Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

Pure Wealth, Inc.

Sales Distributor, Imported Bulk Retailer, Marketer, Advertiser, & Internet Seller
Pure Wealth do not assume responsibility over clients understanding of the conditions stipulated herein
For the purposes legality, Pure Wealth removes any accountability that may occur as a result of the clients failure to
understand, clarify, specify, or clear out unclear policies stipulated in this contract. Any method of orientation given
by any of its members is considered unofficial; therefore, the company assumes no responsibility over it. Only official
information coming from the company are considered legitimate, including those published by corporate officials
through acceptable means of communication meant for the general understanding of all its clients and members.

CLUB MEMBERSHIP AND SUBSCRIPTION AGREEMENT

NON-INVESTMENT CONTRACT OBLIGATION
dated August 1, 2016
for
Pure Wealth, Inc.
made by and between

[CLIENTS NAME & SIGNATURE]

Pure Wealth Inc., consents to the use, reproduction and transmission of this document by members of the Pure
Wealth Elite Business Club for the preparation and documentation of agreements relating to savings or potential
savings in Filipino start-up companies. This document may be reproduced and transmitted to non-members of the
club in hard copy only. The company does not consent to the use, reproduction or transmission of this document for
any other purpose, in any other manner or by any other person and expressly reserves all other rights.
The Pure Wealth Business Club and Pure Wealth Inc. All rights reserved.

MEMBERSHIP AGREEMENT
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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

SECTION 1 COMPANY PROFILE & PROFIT GAIN

Disclosed Corporate Profile
1. Pure Wealth Inc., is a sales channel, advertising network, commercial advertiser, internet
marketer, and virtual re-seller engaged in the sales, distribution, and marketing of different
brands, products, and services of local and foreign companies in the Philippines;
2. Pure Wealth Elite Business Club is the official retail, sales, marketing, and advertising arm of
Pure Wealth Inc., composed of independent resellers and on-line entrepreneurs;
3. All entities of Pure Wealth Inc. are duly registered under SEC, BIR, and pertinent government
agencies whose licenses to operation and registration number are available upon request to
official members as a means to prevent the untoward use of such to lure potential customers;
4. Pure Wealth Inc. assumes responsibility only over the products it directly makes or manufactures
and thus assumes no responsibility over products and services sold by its sales affiliates;
5. For the clients reference, Pure Wealth Inc. maintains the following on-line portals which are
considered as official means of communication:
a. www.purewealthph.com
b. www.facebook.com/purewealthSM
Profit Growth of Finances
1. It is hereby understood that the client joined the club at his own discretion, voluntarily, with no
pressure whatsoever from anyone bearing the companys influence;
2. It is hereby understood that income generated from the clubs system is purely based on the
members effort at that, the company do not guarantee in any point in time, the amount that a
member may earn, acquire, or possess knowing that effort is the precursor to success;
3. It is hereby understood that minimal or mediocre effort will produce little, or no financial result;
4. Pure Wealth Inc. will provide the best assistance possible within its capacity, upload and facilitate
trainings, conduct business orientations, and perform all sorts of up-trainings for its members;
Products and Services Offered
1. Pure Wealth Inc. supplies the following products to its Preferred-COD Cooperative clients. These
products are outsourced from its confidential list of supplies and partners operating world-wide:
a. Consumer Staples:
i. Professional Detergent Powder Brands Ariel, Tide, Breeze, Surf, Pride, Calla
ii. Dishwashing Liquid Joy, Surf
iii. Fabric Conditioner Downy, Surf
iv. Liquid Detergent Surf, Breeze
v. Hair Shampoo Head and Shoulders, Clear, Pantene, Dove, Sunsilk
vi. Hair Conditioner Pantene, Dove, and Creamsilk
vii. Soap Safeguard, Likas, Cetaphil, Dove, Camay, Block and White
viii. Body Wash Dove, Olay
b. Consumer Electronics Phones and Tablets
c. Rice and Drinking Water
d. Other Grocery Items
e. Other Products and Services
2. The list of official products and services are posted in the official channels of communication;
Declaration of Client Benefits and Obligations
1. Pure Wealth Inc. and The Pure Wealth Elite Business Club undertake the promise to perform its
full accountability and responsibility in empowering its members. The same are expected from its
clients in order to maximize financial results. Failure to do so will not produce any results:
a. Read, understand, and adhere to the training plan provided by the company;
b. Adhere to the strategies and techniques formulated by the company for its members;
c. Ensure consistent communication with team leaders to achieve a high level of support;
d. Ensure to read updates from the official channels of communication by the company;

MEMBERSHIP AGREEMENT
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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

SECTION 2 STATEMENT OF CONTRACT

Definition of Terms
1. Company refers to Pure Wealth Inc. as officially specified in the government registrar;
2. Club refers to the Pure Wealth Elite Business Club;
3. Members or clients are used interchangeably as they refer to the members of the club;
4. Products refer to the products and services sold, marketed, or advertised through the company and
the club which maybe, in part or in full, is owned or manufactured by the partners;
5. Partners refer to trading partners, manufactures, or suppliers of the company;
6. Specific abbreviations are defined in the section that contains them;
7. Other specific abbreviations are defined through the official channel of communication;
Working Group - Consultants
In order to incorporate the collective experience of entrepreneurs in practice, and ensure broad acceptance
in the retail industry, Pure Wealth Inc. invited a group of entrepreneurs and legal experts from some of the
major business & law firms active in the field to develop a commonly acceptable set of documentation.
The group consisted of:
1.
2.
3.
4.
5.
6.
7.

Atty. Joseph Dimaculangan, International Business Law Expert, ACCRA;

Dr. Marianita Tambunting, Ateneo Business School Professor;
Jerry McKinley, NYSE Broker;
Michael Manlapus, PSE Broker and Stock Consultant;
Ulysses Solis, Developer at Google;
Christian de Silva, Savings and Investment banker;
Eduardo Mariano, who provided the initial drafts and incorporated as well as reconciled the
many adaptations and annotations throughout the process

The Working Group first had to agree on a number of assumptions. The company and client
documentation is oriented not exclusively, but also towards non-franchise owners. Further, it assumes:
1. This is made as a series A membership to the Elite Business Club;
2. The circle of involved parties consists of founders and shareholders and an active client;
3. The company and the club are registered in the Philippines and organized in the form of a private
company soon to be a corporation (after SEC opens in Region 18 NIR);
4. Further assumptions and qualifications are stated in the footnotes and appendices;
In addition, important commercial terms (such as representations and warranties in the Series A and
Subscription Agreement, control-related veto rights on corporate shareholder and board level and antidilution, registration and non-competition related protections in the Series A Client Agreement) have been
included in the member documentation as an example and/or have been deliberately left blank.
Disclaimer
Consult your lawyer, tax and other advisors to ensure that the Client Documentation fits, and is being
adapted for, your specific purpose and whether and to what extent the rights and obligations contemplated
in the Client Documentation are valid and enforceable. Neither Pure Wealth Inc. nor any member of the
working group gives any opinion or assurances as to the suitability, adequacy, validity or enforceability of
the Client Documentation and its provisions. It is up to each party to ensure if and to what extent the
Client Documentation is suitable to the transaction at hand and its interests. Each transaction has its own
particularities and requires a careful balancing of interests. And for many of the legal issues addressed by
the Client Documentation there is more than one "right" response.

MEMBERSHIP AGREEMENT
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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

SECTION 3 SUBSCRIPTION AGREEMENT

This documentation and subscription agreement (the "Agreement") is dated August 1, 2016 and entered
into by and between, stipulated specifically in the contract agreement
1.

Club Enrollees and Members Can be in individual or group [leave blank if N.A.]
a. [Client 1], [address]
(hereinafter referred to as "[Client 1]")
b. [Client 2], [address]
(hereinafter referred to as "[Client 2]")
c. [Client 3], [address]
(hereinafter referred to as "[Client 3]")
d. [Client 1], [Client 2] and [Client 3], hereinafter collectively the "Clients" and individually
a "Client")

2. Founders
a. Philip Wen A. Bombita, [Bacolod City] (hereinafter referred as "Founder 1")
b. Jose Protacio G. Mercado, [Cagayan de Oro City] (hereinafter referred as "Founder 2")
c. Mark Jason M. Mendez, [Iloilo City] (hereinafter referred as "Founder 3")
d. [Founder 1], [Founder 2] and [Founder 3], hereinafter collectively the "Founders" and
individually an "Founder")
3. Other Share Holders
a. Joseph M. Macalipsay, [Bacolod City] (hereinafter referred to as "Other Shareholder 1")
b. Jeffrey Stanley S. Villa, [Bacolod City] (hereinafter referred to as "Other Shareholder 2")
c. Jose M. Gerardo, [Bacolod City] (hereinafter referred to as "Other Shareholder 3")
d. [Other Shareholder 1], [Other Shareholder 2] and [Other Shareholder 3], hereinafter
collectively the "Other Shareholders" and individually an "Other Shareholder") the
Founders and the Other Shareholders hereinafter collectively the "Existing Shareholders"
and individually the "Existing Shareholder")
4. and the Company
a. Solely in respect of the obligations of the Company;
b. Pure Wealth Inc., the Elite Business Club of Pure Wealth as represented in the
regulations and specific government registry systems;

MEMBERSHIP AGREEMENT
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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

SECTION 4 METHOD OF BUSINESS OPERATIONS

Pure Wealth is a company specializing in sales, marketing, advertising, and re-selling. It has its own
product line in the form of award-winning high potency vitamins under name Extreme. For the purpose
of this membership agreement, Pure Wealth will also sell products from other manufactures, sources, and
sellers. To protect its business interests, the company reserves the right to make the information
concerning its suppliers, confidential.
Membership
1. Membership in the club is open to Filipino citizens who are at least eighteen (18) years of age at
the time of the contract signing;
2. Primary requirements for membership:
a. Purchase of at least PhP 3,000 worth of products from the company;
b. Payment of PhP 339 for the club membership fee;
c. At least two (2) IDs with specimen signature;
d. Duly signed contract with printed name and signature;
e. Proof of billing;
3. Additional requirements are as follows:
a. Social media account;
b. Valid e-mail account;
c. Active mobile number;
d. BPI account;
4. Grounds of Membership Revocation:
a. Spreading unfounded issues against the company in words, pictures, or print this may
be considered in the forms of, though not limited to the following: gossips, libelous
remarks, sedition of members, false rumors, accusations, and foul statements;
b. Opening of a similar business concept without prior notice from the company;
c. Any form of dishonesty;
d. Unpaid debt for a period of more than a year;
Sales Commission
1. Active Sales Commission:
i.
This refers to income, advantage, profit, or favor that the club member earns out from
selling products and services in his own personal capacity;
ii.
An SRP will be provided by the company as guides;
2. Passive Sales Commission:
i.
This refers to income, advantage, profit, or favor that a club member earns out from
utilizing the sales system created by the company;
ii.
Upon successful membership, a sales platform will be given to the new member. This
platform is called SMART (Sales, Marketing, Advertising, and Reselling Table);
iii.
The SMART is initially inactive.
iv.
To activate the SMART, the member needs to accumulate nine hundred (900) Sales
Points also referred to, and abbreviated as SP;
a. Every item sold, marketed, or advertised by the club has a corresponding SP
(Sales Points) which are uploaded in a separate document in the official
Facebook Group;
b. Since a new membership requires a product purchase, it also generates an SP;
If a member successfully refers a new member, it will generate an SP for
him. All SP of that member, whether personal or from his referrals, will
be considered as part of the sponsors (member who referred) SP.
c. SPs may change without prior notice as they are dependent on the price given by
the suppliers, market condition, demand and supply, as well as promotional
offers;

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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

v.

vi.

vii.
viii.

In total, the SMART can accommodate 3,900 SP;

a. SP enters the SMART in increments of 300. Excess SP will be accumulated and
added to new SP until it reaches 300. The process repeats indefinitely;
b. The SMART is divided into three (3) sections: top, mid, and bottom;
The top section can accommodate 300 SP. The top section contains slot
number 1;
The mid-section can accommodate 900 SP divided into 3 slots at 300 per
slot. The mid-section contains slot number 2, 3, and 4;
The bottom section can accommodate 2,700 SP divided into 9 slots at
300 per slot. The bottom section contains slot number 5, 6, 7, 8, 9, 10,
11, 12, and 13;
SP fills-in the SMART in a specific order from slot number 1, 2, 3, 4, 5,
6, 7, 8, 9, 10, 11, 12, 13;
A SMART that reaches 3,900 SP is called a Max Out SMART, abbreviated as
MoSMART;
a. Every time a SMART reaches 3,900 SP (a process called Max Out) it produces
PhP 3,000 sales commission, and it will refresh to accommodate new SPs. The
process repeats indefinitely;
b. MoSMART will automatically produce cash commission amounting to PhP
3,000. A member who have successfully activated (i.e., able to accumulate 900
PSV at any given time) his SMART will receive the commission. Those who
with inactive SMART are not eligible for the cash commission.
Unclaimed cash commission will be delegated to the Year End Sales (YES) Pot Money,
that will be given to the top-earner of the company based on his PSV that year;
Float is a process where-in an SP or SMART is not yet delegated to any position;
a. This happens when a member has no direct sponsor or has been sponsored by the
company;
b. This happens when a member undergoes the following conditions:
Able to activate his SMART, and the SMART maxes out, and refreshes;
Able to accumulate at least 300 Personal Sales Points (PSP)
The 300 PSP will be converted to an Ad-Hoc SMART, abbreviated as
ahSMART. Once an ahSMART maxes out, the commission will be given
to the owner of the primary SMART;
Max Out ahSMART will generate 300SP to the available slot directly
under the primary SMART;
All ahSMART are active by default;
c. ahSMART who were not yet on Max Out status will float;

Ranking and Promotion

1. Special Titles
a. Clans. This refer to teams within the business club;
b. Clan Leader. Refers to the leader of the clan, usually positioned as the first member, or
founder of the team;
2. Franchisers
a. National Franchise Manager or NFM
b. Area Franchise Manager or AFM
c. Territory Franchise Manager or TFM
d. Regional Franchise Manager or RFM
e. Provincial Franchise Manager or PFM
f. District Franchise Manager or DFM
g. City and Town Franchise Manager or CTFM
h. Fulfillment Center Manager or FCM
i. Independent Sellers Group Members

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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

3. Club Members
a. Associate (abbreviated as Assoc.) are given to new members, regardless if they were able
or were not able to activate their SMART;
b. Senior Associate (abbreviated as Sr. Assoc.) are given to members who were able to
successfully accomplish 900 PSP;
c. Supervisor (abbreviated as Sup.) are given to members who were able to accomplish one
(1) SMART max-out;
d. Senior Supervisor (abbreviated as Sr. Sup.) are given to members who were able to
accomplish two (2) SMART max-outs (ahSMART included);
e. Manager (abbreviated as Mngr.) are given to members who were able to accomplish three
(3) SMART max-outs (ahSMART included);
f. Senior Manager (abbreviated as Sr. Mngr.) are given to members who were able to
accomplish four (4) SMART max-outs (ahSMART included);
g. Director (abbreviated as Dir.) are given to members who were able to accomplish five (5)
SMART max-outs (ahSMART included);
h. Senior Director (abbreviated as Sr. Dir.) are given to members who were able to
accomplish six (6) SMART max-outs (ahSMART included);
i. Executive (abbreviated as Exec.) are given to members who were able to accomplish
seven (7) SMART max-outs (ahSMART included);
j. 1-star Executive (abbreviated as 1-Exec.) are given to members who were able to
accomplish eight (8) SMART max-outs (ahSMART included);
k. Those who have accomplished nine (9) max-outs will be called as 2-Exec., those with ten
(10) will be called as 3-Exec., and so forth;
4. Business Nomenclature:
a. Titles based on Franchises are considered as name suffixes, while those based on Club
Membership are considered as prefixes;
b. Special titles precede prefixes;
c. For instance, Juan dela Cruz may be written as Clan Leader Dir. Juan dela Cruz, RFM;
5. Benefits of Promotion
a. A special corporate guideline will be uploaded on the official FB group;
Payments and Commissions
1. All payments on membership and commissions are strictly controlled by the company;
2. Membership payments should be deposited ONLY to the official accounts posted by the company
on its official FB group;
3. The company will not be held liable for any damage material or immaterial caused directly or
indirectly as an effect of paying membership dues to the wrong person;
4. Commissions are deposited every end of the week on a Saturday through BPI, on the official
account registered by the club member;
Transfer and Deactivation
1. Any SMART that was left inactive for a period of six (6) months will be designated as dormant,
and may, at the sole discretion of the company, be retained to its original owner or be given to
new club members;
2. In case death, or any form of incapacity, the SMART can be transferred to the original owners
preference. The company will assume responsibility for delegating the account in cases that the
original owner failed to do it in his own capacity;

MEMBERSHIP AGREEMENT
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Araneta St., Bacolod City, PH 6100

+63 947 264 7100, www.purewealthph.com
https://www.facebook.com/purewealthSM/

SECTION 5 DISCLAIMERS
1. As much as dedicated effort is offered to make this contract enforceable and understandable to
the subject, it is therefore advised that members take extra effort to understand all specific
documents of this contract;
2. As such the company reiterates the following conditions:
i.
The manner of enrolling as member of the club is purely voluntary, thus, the member
assumes accountable for his own decision and own sets of actions;
ii.
This is a method heavily reliant on sales, hence, no sales mean no income;
iii.
No promise of income is given to anyone, at any time;
iv.
It is not an investment company;
v.
No effort, means no income;
SECTION 6 LEGAL ACTION AND ACCOUNTABILITIES
1. The company reserves the full option to legally seek action against those who attempt to destroy
the reputation of the company or those that violate the contents of this contract;
SECTION 7 DELARATION OF CLIENT UNDERSTANDING
1. Any policy update, changes thereof, explanation, and/or clarification of any part of this contract
will be issued in a corporate memorandum, to be uploaded in the official internet channel of the
company for the wide dissemination and awareness of the concerned parties;
2. The company removes itself from any accountability in any form, resulting to the clients
misunderstanding of the information given, if resources are available for reference;
3. All other information concerning the manner of placing orders, return policies, specific trainings,
and other important documentation are to be given during the course of trainings and thus, all
trainings, seminars, or company policy in print, video, or social media are considered official.
Hence, those who are unable to dedicate their time in reading those policies assume that they
waive their right to know. In such event, the company assumes that the client understands such;
4. By signing this form, the client or member understands that all questions and clarifications
concerning the product and service has been thorough explained to him or to her, and that all
pertinent questions has been thoroughly answered. Further, the client understands that the
membership fee and the products are not returnable pursuant to the guidelines of the DTI.
CLIENT INFORMATION SHEET
Complete Name:
Address:
Mobile:
Recipient of Savings in-case of Death
Amount of Orders

E-Mail:

FB:
Date Deposited

Finance Institution

By signing this form, the client agrees that he understands all of the conditions stated above, and that all
pertinent questions about this contract have been thoroughly answered;
For and in behalf of TSS
(Signature over Printed Name)

Mr. Philip Wen A. Bombita

Sales and Marketing Director
Pure Wealth Inc. & The Club
09086078324
philipwenabombita@gmail.com

MEMBERSHIP AGREEMENT
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Client
(Signature over Printed Name)

Witness
(Signature over Printed Name)

___________________________
___________________________
___________________________

___________________________
___________________________
___________________________

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