Payout Distribution Process Terms
Effective Date: March 18, 2021

These Payout Distribution Process Terms ("Payout Distribution Process Terms") are incorporated into our Terms of Use by reference and apply to the use of our Services. Terms not defined in these Payout Distribution Process Terms have the meanings given to them in the Terms of Use or the Offer Glossary. In the case of any conflict between these Payout Distribution Process Terms and the Terms of Use, the terms of these Payout Distribution Process Terms will prevail. Indify may update these Payout Distribution Process Terms at any time in Indify's sole discretion; if we do, we will place a notice on our site located at https://www.indify.io, send you an email, and/or notify you by some other means. You agree that all updates will apply to any Funding Offers entered into after the effective date of such updates.

How will amounts we receive with respect to Funding Offers be paid out on the Indify platform?

Unless otherwise expressly agreed in the terms of a Funding Offer or with respect to a particular Asset that is included in a Funding Offer, during the Term of a Funding Offer, money received by Indify related to that Asset will be distributed as follows (subject to any deductions submitted by the Partner or Team Member and agreed upon by the Artist):

  • First, to the Partner and Artist in proportion to the Splits designated by the Partner in the Funding Offer before recoupment until the Partner has recouped 100% of the Advance and (if applicable) 100% of the Marketing Amount; however, please note that the Partner has the right to designate its Split before recoupment in its discretion for any percentage between (and including) 0% and 100%. Additionally, the money apportioned to the Artist's Split before recoupment will be shared among the Artist and Team Members (if applicable) in accordance with the terms of any applicable Offer(s).
  • Second, to the Partner and Artist in proportion to the Splits designated by the Partner in the Funding Offer after recoupment. As payment for rendering the Services, Indify will receive 15% of the money apportioned to the Partner's Split after recoupment. Additionally, the money apportioned to Artist's Split after recoupment will be shared among the Artist and Team Members (if applicable) in accordance with the terms of any applicable Offer(s).

Other payments to Indify for rendering the Services will be set forth in the applicable Offer and will apply as provided in the Offer against the various Team Members as described in the Offer. For clarity, such payments to Indify (and who pays Indify) may change from Offer to Offer.

For a visual model of how money may be earned and paid out via the Services, see below.