KEYK Premier Partner Program

Confidential · For Partner Discussion Only

Why KEYK

The smartest digital home for serious Philippine baking businesses

Shopee and Lazada were built for volume. KEYK was built for craft — and the buyers who arrive here are already willing to pay for quality. At ₱7–8M monthly GMV, you are not just a seller. You are an anchor. Let's build something worthy of that.

🎂

Platform Focus

100%

Baked goods and baking supplies only — no competition from electronics, fashion, or appliances

💳

Buyer Intent

High

Customers arrive with a purpose — a celebration, a project, a restock — not just browsing

🔒

KEYK Protection

Built-in

Escrow-based payments hold funds until fulfilment — fewer disputes, stronger buyer trust

📣

Community

Verified

Identity-verified bakers and buyers — a professional community, not a price-hunting crowd

The KEYK Advantage

What separates KEYK from every other channel

Feature	Shopee / Lazada	KEYK Premier
Commission Rate	2–7% + paid ads required to rank	6% flat — no hidden fees, no ad spend
Product Category	Competing with millions of unrelated items	Baking only — you are always front and center
Buyer Quality	Price-hunters, high return rates, low loyalty	Craft-focused, repeat buyers with high basket value
Payment Security	Standard buyer protection	Full escrow — funds held until delivery confirmed
Anchor Placement	Auction-based — whoever pays more ranks higher	Permanent Premier placement — earned, not purchased
Price Parity	You compete against yourself across platforms	KEYK is your best-price channel — by agreement
Co-Marketing	Pay-to-play — always an additional cost	Included at Premier tier — no additional spend
Dedicated Support	Ticket queue — often 48h+ response	Named partner success contact at KEYK

KEYK is the only Philippine marketplace built exclusively for baked goods and baking supplies. When your brand appears here, it is seen by buyers who already care about quality — not scrolling past you to find something cheaper. Premier Partners are not just listed. They are the first thing every baker in the Philippines sees when they open KEYK.

The Premier Rate

Earn more from every sale. We grow together.

Premier Partners earn the lowest commission rate on KEYK — secured through a two-phase milestone structure that protects both parties. You prove your audience follows you onto KEYK; we reward that with the best rate on the platform.

Standard rate: 9%

KEYK Premier Partner Rate

The lowest commission rate on KEYK. KEYK's blended gateway cost is ~3.5% — this rate is offered because your volume justifies it. Saves you ₱30,000 per ₱1M in sales versus the standard 9% rate.

How It Activates — Two Phases

You earn the rate. We never hand it out upfront.

Phase 1 · Pilot (60 days or ₱3M GMV)

Onboard at the standard rate. Prove your buyer base follows you onto KEYK. Reach ₱3,000,000 in cumulative GMV — whichever comes first.

→

Phase 2 · Premier (ongoing)

Rate activates automatically. Maintain ₱1,500,000/month to keep it. Reviewed on a rolling 60-day basis.

⚠️

Rate Protection Clause

If monthly GMV falls below ₱1,500,000 for two (2) consecutive months, the rate reverts to an intermediate 8% — not back to 9%. KEYK will give 30 days' written notice before any reversion. Once ₱1.5M/month is maintained for two consecutive months again, the Premier 6% rate automatically reinstates.

What You Save

Every peso we forgo, you keep.

At ₱1.5M/mo

+₱45K

saved per month

At ₱3M/mo

+₱90K

saved per month

At ₱5M/mo

+₱150K

saved per month

At ₱8M/mo

+₱240K

saved per month

⚡

Why the ₱1.5M/month Floor Is Non-Negotiable

At 6% commission, KEYK's payment gateway (Xendit) consumes approximately 3.5% on a blended basis — domestic cards run at 3.5% + fixed fees, and international cards go higher. That leaves KEYK with a net operating margin of roughly 2.5% after gateway costs. This means the ₱1.5M monthly GMV floor is not an arbitrary target — it is the minimum that keeps this partnership economically viable for the platform. Below that floor, KEYK is subsidising sales volume without a sustainable return. The floor protects both parties: it ensures KEYK can keep investing in Premier perks, and it gives the partner a clear, published threshold to plan against.

At 6%, KEYK is operating near cost on payment processing — Xendit gateway fees alone consume ~3.5% on a blended basis. We are willing to do that for one reason: we want Premier Partners to treat KEYK as their flagship digital home, not a secondary channel. The strict ₱1.5M monthly floor is the line that makes that sustainable.

Partner Commitments

Four pillars. All non-negotiable.

The 6% rate is the lowest on the platform. In return, KEYK asks for four structural commitments that actively grow the platform — and your brand — beyond just listing products. These are not checkbox conditions. They are how great partners show up.

🏪

Active Presence

Table Stakes

Minimum 10 active, in-stock listings at all times
Listings kept current — pricing, photos, and availability
Respond to buyer inquiries within 24 hours
Order fulfilment rate of 95% or above
Seller-initiated cancellation rate no higher than 5%/month — stock-outs count
Exceeding 5% cancellations for 2 consecutive months triggers a rate review
KEYK shop link in bio or storefront header

⏱️

Exclusivity Window

Highest Priority

All new product lines and seasonal imports drop on KEYK 14 days before any other platform
Bulk-ingredient restocks announced on KEYK first
KEYK O'Clock flash sale participation — minimum 6 times per year
Premier Partners featured with top placement during exclusive windows

💰

Price Parity

Buyer Trust Guarantee

KEYK retail and wholesale prices must be lower than prices on Shopee, Lazada, and any comparable platform
KEYK's structural advantage (6% vs. platforms charging higher fees) must be passed to buyers — not absorbed as margin
KEYK is the partner's best-price digital channel — by contract, not just intention
KEYK reserves the right to audit pricing quarterly
Confirmed violations trigger a 30-day cure notice; uncured breach voids the Premier rate

🧾

VAT & Tax

Upon Registration

The 6% commission rate does not change — it stays at 6% of your sale price. What changes upon VAT registration is that KEYK adds 12% VAT on top of that commission fee only. Example: on a ₱1,000 sale, KEYK's commission is ₱60. VAT on ₱60 = ₱7.20. Total deducted from your payout: ₱67.20 — not ₱180.
Your product prices and what buyers pay are completely unaffected — this is a tax on KEYK's service fee, not on your sales
KEYK will issue an official VAT receipt per transaction — VAT-registered partners may claim this as input VAT credit
If your business is required to withhold EWT: KEYK's commission is subject to 10% EWT — remit to BIR and provide KEYK with BIR Form 2307 each month
EWT you withhold is fully recoverable by KEYK as a tax credit — you are not double-charged
KEYK will give at least 30 days' notice before VAT registration takes effect

📣

Co-Marketing

Brand Amplification

Minimum 4 social media posts per month mentioning KEYK (tagging @keykphofficial)
KEYK featured in the partner's bi-weekly EDM blasts to their customer database
Participate in minimum 2 KEYK campaigns per quarter
Allow KEYK to use partner products in platform marketing materials

The Offline-to-Online Loop

The single most powerful commitment we ask for

📦

Outbound Package Insert

Every delivery box or pouch that leaves the partner's warehouse — across all channels, including Shopee and Lazada orders — must include a physical KEYK insert or flyer. The insert invites their buyers to join the KEYK community and scan a QR code directly to the partner's KEYK store. This turns every outbound parcel into a KEYK acquisition channel — at zero cost to KEYK and zero incremental cost to the partner. KEYK will provide print-ready artwork and co-branded design support.

👥

B2B Scope — In-App Listings and Checkouts Only

KEYK recognises that the partner may operate a product directory or inquiry channel that generates leads which are negotiated and fulfilled outside any marketplace (offline or direct B2B). This Agreement does not apply to those off-platform transactions — KEYK does not require that directory-sourced or direct B2B inquiries be routed through the KEYK platform. Premier Partner obligations apply exclusively to product listings published on KEYK and orders processed through KEYK's checkout. For clients who choose to transact through KEYK, the partner's sales team is encouraged to introduce the platform — where both parties benefit from formal invoicing, KEYK Protection, and a clean transaction record. KEYK will provide onboarding materials and training support at no charge.

What KEYK Commits In Return

Premier status comes with Premier support

⭐

Anchor Placement

Premier badge across all listings and store profile
Permanent top placement in search and category pages
Featured on KEYK homepage spotlights
Included in KEYK buyer newsletter (no cost to partner)

📊

Growth Infrastructure

Named partner success contact at KEYK
Monthly performance review and buyer trend report
Early access to new KEYK features before general release
Co-branded content pieces — produced by KEYK's team

Rate Protections (KEYK)

How KEYK protects the integrity of this programme

No rate stacking. The 6% Premier rate cannot be combined with any other promotional discount.

Non-transferable. The rate applies to this partner only — not subsidiaries, affiliates, or related entities.

Annual rate review. KEYK may revise the programme terms with 90 days' written notice.

Misconduct clause. Buyer fraud, review manipulation, or policy violations void the agreement immediately.

Price parity audit. Quarterly check that KEYK prices are strictly lower than all comparable platforms.

Listings floor. Falling below 10 active listings triggers a 30-day cure notice before rate reversion.

At 6%, we are essentially operating at cost on payment processing to back your growth. We are willing to do that because we want you as an anchor partner. But to justify taking that cut, KEYK needs to be your primary digital home.

— Framing for the partner meeting

Term Sheet Summary

What each party gets — in plain language

A quick reference for both sides. The full Agreement section carries the binding language; this is the one-page version for discussion.

Deal Component	What the Partner Gets	What KEYK Gets in Return
Commission Rate	Steeply reduced 6% after Phase 1 (vs. standard 9%)	Proven volume: partner must first deliver ₱3M GMV on KEYK
Phase 1 Rate	Standard 9% for up to 60 days / ₱3M GMV	Proof of audience migration before rate discount kicks in
Rate Maintenance	6% as long as ₱1.5M/month GMV is maintained	Consistent monthly volume on the platform
Exclusivity Window	Premier placement; featured anchor position on KEYK	14-day exclusive launch window before Shopee/Lazada
Price Parity	Positioned as the partner's best-price channel	KEYK prices guaranteed lower than all other platforms
Package Inserts	KEYK co-designs and pays for artwork; no cost to partner	KEYK flyer/QR in every outbound parcel (all channels)
EDM & Social	Co-branding; KEYK supports partner content creation	KEYK featured in partner's email blasts and social posts (min. 4/mo)
B2B Referrals	KEYK training materials and co-sell support	Partner sales team recommends KEYK to B2B clients
Inventory SLA	Clear accountability framework; 30-day cure process before any penalty	Cancellation rate ≤5%/month; rate review if breached for 2 months running
Co-Marketing	Feature in KEYK homepage, newsletter, campaigns	Minimum 2 KEYK campaign participations per quarter
Growth Support	Named KEYK success contact, monthly reviews, trend data	Partner commits to quarterly performance alignment meetings

At scale — ₱7M to ₱8M monthly GMV — this structure generates approximately ₱420K–₱480K in monthly platform revenue for KEYK at the 6% rate. That is a sustainable base. In return, KEYK gains a high-profile anchor partner whose every outbound parcel recruits new buyers, whose EDM blasts reach bakers who do not yet know KEYK exists, and whose 14-day exclusives give KEYK a genuine competitive advantage over Shopee and Lazada in the baking supplies category.

Formal Agreement

KEYK Premier Partner Agreement

This agreement formalises the Premier Partner rate and all mutual commitments. Both parties sign once the Phase 1 milestone is met. The signed copy is held by KEYK Technologies Inc. and emailed to the partner within 2 business days.

KEYK.

Partner Agreement

KEYK Premier Partner Programme

v1.0 · 2026

Preamble

Parties

This Agreement is entered into between KEYK Technologies Inc., a corporation registered under Philippine law and operator of the KEYK marketplace platform at keyk.ph ("KEYK"), and the partner named in the signature block below ("Premier Partner"). Together referred to as "the Parties." This Agreement supersedes any prior verbal or written understandings regarding commission rates and partnership terms between the Parties.

Section 1

Premier Partner Rate — Two-Phase Structure

1.1 Phase 1 (Pilot Period): Upon onboarding under this Agreement, the Premier Partner shall be charged the standard platform commission rate of 9% for an initial period not to exceed 60 calendar days or until the Premier Partner reaches ₱3,000,000 (three million Philippine pesos) in cumulative gross merchandise value (GMV) on the KEYK platform — whichever milestone is reached first.

1.2 Phase 2 (Premier Rate): Upon reaching the Phase 1 milestone, KEYK shall apply a platform commission rate of 6% (six percent) on all qualifying gross sales transacted through the Premier Partner's KEYK store, in place of the standard rate of 9%. KEYK will notify the Premier Partner within 5 business days of Phase 1 completion, and the Premier rate shall take effect from the first day of the following calendar month.

1.3 Maintenance Requirement: To maintain the Premier rate, the Premier Partner must sustain a monthly GMV of at least ₱1,500,000 (one million five hundred thousand Philippine pesos), measured on a rolling basis. Should monthly GMV fall below this threshold for two (2) consecutive calendar months, the commission rate shall revert to 8% (not the standard 9%), with 30 days' written notice provided prior to reversion.

1.4 Reinstatement: The 6% Premier rate shall be reinstated automatically — without requiring a new agreement — if the ₱1,500,000 monthly GMV threshold is met for two (2) consecutive calendar months following a reversion.

Section 2

Partner Commitments — Active Presence

The Premier Partner agrees to maintain throughout the term of this Agreement:

A minimum of ten (10) active, in-stock, accurately priced product listings on the KEYK platform at all times.
An order fulfilment rate of not less than 95% and a response time to buyer inquiries of not more than 24 hours.
The KEYK shop link displayed in the partner's primary social media bio or website storefront header.

Section 2A

Inventory Integrity and Fulfilment SLA

2A.1 Cancellation Rate Standard: The Premier Partner shall maintain a seller-initiated order cancellation rate of not more than 5% (five percent) of total KEYK orders in any calendar month. Cancellations attributable to stock-outs, inaccurate inventory counts, or ghost listings are included in this calculation.

2A.2 Review Trigger: If the Premier Partner's cancellation rate exceeds 5% for any single calendar month, KEYK shall issue a written performance notice. A cancellation rate exceeding 5% for two (2) consecutive calendar months shall trigger a formal rate review, which may result in a temporary adjustment of the Premier commission rate (to 8%) for the following month, pending remediation.

2A.3 Remediation: Following a rate adjustment under 2A.2, if the Partner demonstrates a cancellation rate at or below 5% for two (2) consecutive calendar months, the Premier 6% rate shall be automatically reinstated. This provision exists to protect KEYK buyers from placing orders against listings that the partner cannot fulfil, and to preserve the integrity of the Premier Partner designation.

Section 3

Partner Commitments — Exclusivity Window

3.1 All new product lines, seasonal imports, and bulk-ingredient restocks introduced by the Premier Partner shall be made available on KEYK for a minimum of 14 (fourteen) calendar days exclusively before being listed or announced on any competing platform, including but not limited to Shopee and Lazada.

3.2 The Premier Partner shall participate in a minimum of six (6) KEYK O'Clock flash sale events per calendar year (approximately one every two months).

Section 4

Partner Commitments — Price Parity

The retail and wholesale prices of the Premier Partner's products listed on KEYK must be lower than the prices of the same products listed on any other Philippine e-commerce platform, including Shopee and Lazada. The rationale is structural: KEYK's 6% commission rate is meaningfully lower than fees charged on competing platforms. This structural cost saving must be reflected in KEYK pricing — passed through to the buyer — rather than retained solely as the partner's additional margin. KEYK reserves the right to conduct quarterly pricing audits using publicly available platform data. A confirmed pricing violation will result in a written 30-day cure notice. Failure to remedy pricing within the cure period constitutes a material breach of this Agreement and shall result in reversion of the commission rate to 8%.

Section 4A

Value-Added Tax (VAT) and Withholding Tax

4A.1 VAT-Exclusive Rate: The commission rates stated in this Agreement (9% Phase 1, 6% Phase 2, 8% interim) are VAT-exclusive amounts. Upon KEYK's registration as a VAT-registered entity under Philippine tax law, the applicable rate shall be adjusted to 6% + 12% VAT on the commission amount. VAT is applied to KEYK's commission fee only — it does not affect the Premier Partner's product prices or the amounts charged to buyers.

4A.2 VAT Documentation: Upon VAT registration, KEYK shall issue an official VAT-registered Official Receipt or Invoice for each commission deduction. Premier Partners who are themselves VAT-registered may claim the VAT charged on KEYK's commission as an input VAT credit against their own VAT obligations, in accordance with BIR regulations.

4A.3 Advance Notice: KEYK shall provide the Premier Partner with not less than 30 calendar days' written notice prior to the date KEYK's VAT registration takes effect and commences billing VAT on commissions.

4A.4 Expanded Withholding Tax (EWT): If the Premier Partner is classified as a top withholding agent or is otherwise required under BIR regulations to withhold Expanded Withholding Tax (EWT) on service fees paid to KEYK, the applicable EWT rate on KEYK's commission shall be 10% of the commission amount (or as prescribed by BIR). The Premier Partner shall remit the withheld EWT to the BIR on behalf of KEYK and shall provide KEYK with a duly completed BIR Form 2307 (Certificate of Creditable Tax Withheld at Source) no later than the 20th day of the month following the applicable quarter. EWT withheld is a creditable tax for KEYK — it does not represent an additional cost to the Premier Partner beyond the commission rate agreed herein.

Section 5

Partner Commitments — Co-Marketing and Physical Reach

5.1 Social Media: The Premier Partner shall publish a minimum of four (4) social media posts per calendar month that mention KEYK or link to their KEYK store, with KEYK tagged (@keykphofficial or equivalent official handle).

5.2 EDM Blasts: The Premier Partner shall feature KEYK in their regular customer email communications (bi-weekly or equivalent), including a link to their KEYK store or to the KEYK platform.

5.3 KEYK Campaigns: The Premier Partner shall participate in a minimum of two (2) KEYK-initiated marketing campaigns per calendar quarter and grants KEYK permission to feature the partner's products in KEYK promotional materials.

5.4 Package Inserts: The Premier Partner shall include a KEYK-provided promotional insert (flyer, QR card, or equivalent) in every outbound delivery parcel dispatched from the partner's warehouse, regardless of the sales channel through which the order was placed. KEYK shall supply print-ready artwork and bear the production cost of insert materials at no charge to the Premier Partner.

5.5 B2B Referrals: The Premier Partner is encouraged to inform major B2B clients (commercial bakeries, cloud kitchens, culinary institutions) of the availability of the KEYK platform for their procurement needs. KEYK shall provide onboarding materials and training support for the partner's sales team at no charge.

Section 6

KEYK Commitments

KEYK agrees to provide the Premier Partner with:

A visible Premier Partner badge on all product listings and the partner's KEYK store profile.
Priority placement in platform search results, category pages, and the KEYK homepage.
Inclusion in the KEYK buyer newsletter and editorial features at KEYK's editorial discretion.
A named partner success contact for priority support and monthly performance reviews.
Early access to new KEYK platform features prior to general release.
A quarterly category trend report based on KEYK buyer data.
Co-branded content production support (minimum one co-branded content piece per quarter).

Section 7

Limitations and Protections

7.1 Non-stacking: The Premier rate may not be combined with any other commission reduction or promotional rate offered by KEYK.

7.2 Non-transferable: This Agreement applies solely to the Premier Partner named herein and is not transferable to subsidiaries, affiliates, or related entities without a separate written agreement with KEYK.

7.3 Misconduct: KEYK reserves the right to terminate this Agreement immediately, without notice, in the event of verified buyer fraud, review manipulation, misrepresentation of products, or any material breach of the KEYK Seller Policy.

7.4 Annual Review: KEYK reserves the right to revise the terms of the Premier Partner Programme with a minimum of 90 days' written notice. Partners who do not accept revised terms may exit the Agreement without penalty.

7.5 Governing Law: This Agreement shall be governed by the laws of the Republic of the Philippines. Any dispute shall first be subject to good-faith mediation between the Parties before any formal legal proceeding.

Section 8

Term and Exit

This Agreement commences on the date of the last signature below and remains in effect indefinitely, subject to the maintenance conditions in Section 1 and the termination provisions in Section 7. Either party may exit the Agreement with 60 days' written notice. Upon exit, the commission rate reverts to the standard rate from the exit effective date, and all exclusivity, pricing, and co-marketing obligations cease.

For KEYK Technologies Inc.

Authorised Signatory

Name and Title

Date

For Premier Partner

Authorised Signatory

Business / Company Name

Date