Chip2Win Challenge – Receipt Terms, Rules & Disclaimer

Contest Entry & Fair Play

• By purchasing this receipt (and the associated basket of balls), you acknowledge that you are entering a skill-based golf challenge. not a game of chance. The outcome is determined solely by your skill in the challenge, and all participants have an equal opportunity to win.

• Only one winner is allowed per game/day. If more than one participant achieves the winning shot on the same day, those winners agree to split the $10,000 prize evenly among themselves (e.g., two winners each receive $5,000).

• No handicaps or special advantages are given; every entrant competes under the same conditions and rules. All players have the same chance to win based on their skill – there is no element of luck or randomness in determining a winner.

Prize Details & Payment

• The grand prize for completing the challenge is $10,000.00. This prize is funded by Chip2Win LLC itself (i.e. not covered by an insurer), and it will be paid out to the verified winner within approximately three to four business days of the win being confirmed.

• Winner verification will occur immediately when a potential winning shot is made. Verification includes confirmation by an independent, uninvolved witness, a review of the video recording of the shot, and a brief pause in the game to visually inspect the target (e.g., checking that the ball remains in the hole or target area) before play resumes. All winning determinations are subject to this verification process for fairness and accuracy.

• A large ceremonial check may be presented to the winner on-site for celebratory photographs, but this is for presentation purposes only. The actual $10,000 prize will be delivered via official means (such as a company check or electronic payment) within 3–4 business days after the event, once all necessary validations are completed.

• To claim the prize, the winner must provide valid identification and contact information. Chip2Win LLC reserves the right to require the winner to complete certain documentation (such as tax forms or a prize acceptance agreement) as a condition of receiving the payout, in order to ensure compliance with legal and financial requirements.

Consent to Recording & Publicity

• By purchasing entry into the challenge, participants agree to be photographed and video recorded during their participation. This media is used both to verify any winning shots and for Chip2Win LLC’s promotional purposes (marketing materials, social media, etc.).

• You grant Chip2Win LLC the rights to use your image, likeness, and voice captured during the event in any promotional materials (print, digital, or broadcast) without any further consent or compensation. (For example, ski resorts include similar terms on lift tickets – purchase of a ticket constitutes consent for the resort to use your image or voice in any medium without compensation.

• All video/photo recordings of the event are the property of Chip2Win LLC. By participating, you waive any right to inspect or approve the final publicity materials. You understand that Chip2Win may share footage of the contest (including images of participants and winners) for advertising, promotional announcements, and other business purposes, and you will not receive any payment for such use.

Waiver of Liability & Assumption of Risk

• Participating in the Chip2Win golf challenge involves inherent risks (for example, the risk of being struck by a misdirected golf ball, tripping on equipment, or other accidents that can occur during a golf activity). By entering, you voluntarily assume all risks associated with this activity.

• You hereby release and discharge Chip2Win LLC, its owners, employees, agents, the event venue, and any affiliated sponsors from any liability or claims for injuries, accidents, or losses of any kind that may arise from your participation in the challenge. This means that if you get hurt or incur damage during the event, you agree that Chip2Win LLC and related parties will not be held responsible. This waiver of liability applies to both known and unknown risks, and it covers accidents due to your own actions as well as those that might be caused by the negligence of others or by equipment malfunctions.

• Safety compliance: You agree to follow all safety rules and instructions given by Chip2Win staff. You will only hit balls when instructed and in the designated direction toward the target. Any reckless or unsafe behavior (such as swinging clubs outside the designated area or not paying attention to others) can result in your immediate disqualification and removal from the event. You accept responsibility for any harm you might cause to others or to property by your participation.

• No liability for venue: You also agree that the venue (and its owners/managers) hosting the Chip2Win challenge, and any sponsors or partners, have no liability for any injuries or incidents during the contest. By choosing to play, you are accepting that you play at your own risk. If you observe any hazard or dangerous condition at the event, you agree to notify Chip2Win staff immediately and, if necessary, discontinue your participation until it is resolved.

• This assumption of risk and release of liability is a material condition of your entry. If you do not agree to these terms, do not purchase an entry or participate in the Chip2Win challenge. By completing your purchase and signing the receipt, you are explicitly agreeing to this waiver of liability.

All Sales Final – No Refunds or Chargebacks

• All purchases of Chip2Win challenge entries (baskets of balls) are final and non-refundable. Once you have paid and received your basket of balls (your attempts at the challenge), no refunds will be issued, regardless of the outcome of your shots or whether you win a prize. (This policy is similar to how event tickets or lift tickets are handled – for example, ski resorts state that all ticket sales are final with no refunds or date transfers.)

• By signing the receipt and entering the contest, you agree that you have received the service you paid for (i.e. the opportunity to participate in the skill contest) and you will not initiate a credit card chargeback or payment dispute for this chargeback. In other words, you are confirming that the charge to your card is legitimate and authorized, and you waive your right to later claim the charge was invalid. (Merchants sometimes include “no chargeback” clauses in sales agreements, which stipulate that all sales are final and the customer will not dispute the charge with their card issuer.)

• In the unlikely event of a disagreement or issue with the contest, you agree to address it directly with Chip2Win LLC rather than going through your bank or credit card company. Chip2Win LLC is committed to fairness; if there is a proven issue (e.g. a mechanical malfunction or error in how the contest was run), we will work with you to resolve it. However, by participating, you acknowledge that you are not entitled to a refund simply because you did not win or were unhappy with your performance. Chargebacks filed in violation of this agreement may be challenged by Chip2Win LLC using this signed receipt and agreement as evidence of your consent.

Winner’s Responsibilities (Prize Claim & Taxes)

• The winner of the $10,000 prize is solely responsible for any and all taxes (federal, state, and local) associated with the prize winnings. Chip2Win LLC will pay the full prize amount and will not withhold taxes on your behalf. It is the winner’s obligation to report the prize money on their tax returns and pay any applicable income taxes. (Under U.S. tax law, prize winnings are considered income, and it’s the individual winner’s responsibility to pay tax on the fair market value of the prize.)

• In compliance with IRS requirements, a prize of $10,000 will necessitate certain paperwork. At the time of your win, you will be required to complete an IRS Form W-9 (providing your taxpayer identification information) so that Chip2Win LLC can properly report the prize to tax authorities. Currently, U.S. law requires that a Form 1099-MISC be issued for any prize $600 or greater in value (note: this threshold is $600 through the 2025 tax year, and scheduled to change to $2,000 in 2026). By filling out the W-9, you are providing the information needed for us to send you (and the IRS) a 1099 form for the $10,000 prize. This is a normal requirement for prize winnings.

• The winner will also be asked to sign any necessary prize-claim documents. This may include an Affidavit of Eligibility & Liability/Publicity Release, which is a standard legal document in contests. By signing it, the winner typically confirms they are eligible for the contest, formally accepts the prize, agrees to abide by the contest rules, affirms the liability waiver (so they won’t hold the company liable for anything related to the contest or prize), and grants permission for the company to announce their name and use their likeness for publicity (since a winner’s name/photo may be published as part of winner announcements). Such documentation is common for high-value prizes and serves to protect both the winner and the sponsor. (In fact, many contest sponsors require winners of significant prizes to sign and return an affidavit/release before awarding the prize.)

• By accepting the prize, you agree that any additional costs or fees beyond the prize itself are your responsibility. For example, if you choose to hire a financial advisor or if there are any bank fees in processing the payment, those would be on you. Chip2Win LLC’s obligation is to pay the $10,000 prize to you (upon satisfying the verification and paperwork requirements); from that point on, handling the money (and any tax implications) is up to you as the winner.

Additional Terms & Conditions

• Eligibility: Participants must be at least 18 years of age (or the age of majority in the event location’s jurisdiction) to be eligible to win the $10,000 prize. A valid government-issued ID may be required to verify age and identity upon winning. Employees or owners of Chip2Win LLC, as well as their immediate family members, are not eligible to win the prize (they can play for fun but are ineligible to claim the prize, to avoid any conflict of interest).

• Void Where Prohibited: This challenge is void where prohibited or restricted by law. It is the participant’s responsibility to ensure that participating in this contest is legally permissible in the locale/jurisdiction of the event. Chip2Win LLC makes no representation that this contest complies with the laws of every state or locality – for instance, some jurisdictions might treat skill contests with entry fees differently. If any aspect of the contest is found to be unlawful in a particular area, it becomes null and void in that area, and Chip2Win will not be obligated to award a prize there.

• Fair Play & Sportsmanship: All participants are expected to play fairly and respect other players and staff. Any form of cheating or tampering with the contest (for example, altering equipment, moving the target, using unauthorized gear, or attempting to distract other players intentionally) is strictly forbidden. Chip2Win LLC reserves the right to disqualify any participant for suspected cheating or rule violations, as well as for unsportsmanlike conduct (such as harassment of staff or other players). In such cases, the participant will forfeit their entry fee and be asked to leave without any refund.

• Equipment and Attempts: A “basket of balls” purchase entitles you to a specific number of attempts (e.g., a certain number of golf balls to hit). The exact number of balls per purchase will be communicated at the point of sale. Once you’ve used all your attempts from your purchase, you would need to purchase another basket if you wish to continue participating. Only the balls provided by Chip2Win at the event may be used in the contest (no personal golf balls or modified balls). All shots must be taken from the designated hitting area – stepping over the line or moving closer to the target is not allowed and could void that attempt.

• Witness and Video Evidence: In addition to Chip2Win staff, there may be third-party witnesses on site (for example, an event official or a neutral party) who are observing the contest to validate any winning shot. All decisions by the Chip2Win officials regarding the outcome of any shot are final. Video replay may be used to double-check a win, and by participating, you agree to respect the official call made after review. (This protects the integrity of the contest and ensures the prize is given only when the objective criteria are truly met.)

• Prize Cap: Only one $10,000 prize is available per day of the event. If, for any reason, multiple contestants hit the qualifying winning shot in what appears to be the same moment (a highly unlikely scenario), the prize will be split as noted above. Chip2Win LLC is not responsible for any perceived “tie” beyond the same-day split; once the prize is awarded and/or split among winners, the contest for that day concludes. A new day’s contest would start fresh with the full $10,000 prize available again.

• No Guaranteed Winners: This is a game of skill, and there is no guarantee that there will be a winner on any given day. It’s possible (and indeed likely on many days) that no one will make the winning shot. In such cases, no prize is awarded, and Chip2Win incurs no payout obligation. The absence of a winner does not entitle participants to any refund – your entry fee buys you the chance to win through your skill, which you have received by being allowed to play.

• Acceptance of Terms: By signing the purchase receipt (and/or any digital signature pad) and participating in the Chip2Win challenge, you indicate that you have read, understood, and agree to all the terms, rules, disclaimers, and waivers described above. This signed receipt (along with the electronic copy you receive by email or text) constitutes a binding agreement between you (the participant) and Chip2Win LLC. If you do not agree with these terms, you should not purchase an entry or participate in the contest. Once signed, these terms are enforceable and will govern the relationship and any dispute between you and Chip2Win LLC regarding the contest.

Note on Winner Paperwork & Tax Forms

In the event that a participant wins the $10,000 prize, Chip2Win LLC will ask the winner to complete a couple of additional documents (beyond just signing the receipt) to formalize the prize award and fulfill legal requirements:

• Winner Affidavit & Release: The winner will be asked to sign an Affidavit of Eligibility and Liability/Publicity Release. This is a standard practice for contests with significant prizes. By signing it, the winner confirms they complied with the rules and are indeed eligible to win, agrees again to the liability waiver (protecting the company from any claims), and allows the company to use their name and likeness in winner announcements or promotions. Essentially, it’s a more detailed version of the terms on the receipt, put into a single document for the winner to acknowledge. Many sponsors require such affidavits for higher-value prizes as an extra layer of protection – for example, historically, if a prize is over about $600 in value, winners are asked to sign and return an eligibility/liability release.

• Tax Form W-9: As noted, the winner must fill out an IRS Form W-9 (including providing a Social Security Number or Tax ID) so that Chip2Win LLC can issue a Form 1099 for the prize. This paperwork is legally required for prizes of these viewpoints. The W-9 will be provided to the winner at the event to fill out upon winning (or can be emailed and completed securely). This form does not obligate the winner to pay taxes on the spot; it simply provides the information needed for tax reporting. The winner will receive a 1099-MISC form by January of the following year showing $10,000 of miscellaneous income, which they would include in their tax return. By signing the winner affidavit and W-9, the winner acknowledges their responsibility for taxes and that they will report the prize as income. (It’s a good idea for the winner to consult a tax professional if they have questions about how the prize affects their personal taxes.)

• These additional documents (the affidavit/release and W-9) are for the winner’s and the company’s protection. They ensure there is a clear record that the prize was won fairly and awarded, and that the winner accepted it knowing all the terms. Having the winner complete this paperwork helps prevent any later misunderstandings or disputes – for example, it would prevent a winner from later falsely claiming they weren’t told about the tax implications or contest rules. It also provides Chip2Win LLC with the necessary info to comply with tax laws. In summary, while the receipt itself includes the rules and waiver, the winner’s affidavit and tax form are important final steps in the prize fulfillment process, and the winner’s cooperation in completing them is a condition of receiving the $10,000 payout.

By entering the Chip2Win challenge, you agree to all the above terms. We appreciate your participation and wish you the best of luck in the contest – aim well, and have fun! 🏌️‍♂️🏆

Sources:

• Official contest rules examples emphasizing skill-based contests and the requirement of winner affidavits. These show that “THIS IS A SKILL-BASED CONTEST; NOT A GAME OF CHANCE” and note that an “Affidavit of Eligibility / Release of Liability / Prize Acceptance Agreement may be required for winners. Such measures ensure all players have the same chance based on skill, and winners formally acknowledge contest terms.

• Foot Locker contest rules illustrating winner obligations (e.g., signing an affidavit/release and taking responsibility for taxes). The winner “may be required to complete and return an affidavit of eligibility and liability/publicity release, and the winner is responsible for taxes on the prize. This is standard practice for prize fulfillment.

• PGA tournament liability release example, highlighting assumption of risk and waiver of claims. Participants “assume all risk and danger incidental to the game of golf… and release and discharge [the organizers] from any liability… including, but not limited to, injuries resulting from being struck by misdirected golf balls and/or falls. Our waiver language mirrors this to protect Chip2Win LLC from liability.

• Ski resort ticket terms are used as a model for our terms on the receipt. For instance, purchasing a lift ticket constitutes consent to use your image/likeness in promotions without compensation. Specifically, “By purchasing a lift ticket, we have the right to use your image in any print, interactive, or broadcast materials. No compensation will be given. We’ve adapted this to our event: by entering, you consent to being recorded and your image being used by Chip2Win for marketing, with no additional payment.

• No-refund policy reference from Sugar Bowl Resort’s ticket terms: “All purchases are final… absolutely no returns, refunds, and products may not be transferred. Our receipt clearly states that contest entries are likewise non-refundable.

• “No chargeback” clause context: As explained by payment experts, merchants sometimes include clauses stating that the customer will not dispute the charge and that all sales are final. While banks ultimately decide chargebacks, having your agreement helps in case of a dispute. Our terms include this understanding to deter any unwarranted chargebacks.

• Tax obligations and reporting threshold discussed in Reed Smith legal. It reinforces that prize winnings are taxable income and the winner must pay taxes on them, and notes that traditionally prizes over $600 require collecting a tax ID and issuing a 1099 form. It also notes that many sponsors use the $600 threshold as a point at which to require signed winner documentation (declarations, waivers, releases). With a $10,000 prize, we are well above that threshold, so requiring a W-9 and winner affidavit is both necessary and prudent.