To make a Scout Referral, you must complete a Scout Referral application form on the TEN13 Hub.
If you complete a Scout Referral application form and TEN13:
then you will be entitled to 5% of the “Carried Interest” from any “Distributable Cash” (as those terms are defined in the TEN13 “Investment Management Agreement” (as amended from time to time)) which is distributed to TEN13 from TEN13’s first investment in the Qualifying Company, as set out in further detail in the terms and conditions of the Scout Referral Program (Scout Benefit). Any payments from TEN13 under the Scout Benefit will be inclusive of GST, if applicable. All Scout Referrals and all payments of benefits under the Scout Referral Program are subject to the terms and conditions (as amended from time to time), which are available here.