Terms and Conditions for Use of the Crowdfunding Platform

These Terms and Conditions for Use of the Crowdfunding Platform regulate the legal relations between the registered Clients of the Website and Crowdfunding Platform and Crowdfunding Service Provider, arising from the usage of the Crowdfunding Platform. In other words - Terms and Conditions help you understand what you can expect from Crowdfunding Service Provider as you use Website and Crowdfunding Platform, and what Crowdfunding Service Provider expects from you.

These Terms and Conditions reflect the way Crowdfunding Service Provider's business works, the laws that apply to Crowdfunding Service Provider, etc. As a result, these Terms and Conditions help define
Crowdfunding Service Provider's relationship with you as you interact with Crowdfunding Service Provider's services:

• What you can expect from Crowdfunding Service Provider, which describes how Crowdfunding Service Provider provides and develops services;

• What Crowdfunding Service Provider expect from you, which establishes certain rules for using our services;

• Content in Crowdfunding Service Provider services, which describes the intellectual property rights to the content you find in our services - whether that content belongs to you, Crowdfunding Service Provider,
or others;

• In case of problems or disagreements, which describes other legal rights you have, and what to expect in case someone violates these

Terms and Conditions.

These Terms and Conditions refer to the following additional policies and terms, which also apply to your use of the Website and Crowdfunding Platform:

• Privacy Policy, which sets out the terms on which Crowdfunding Service Provider processes any personal data Crowdfunding Service Provider collects from you, or that you provide to Crowdfunding Service Provider;

• Cookie Policy, which provides information about the cookies on our site;
• Complaints Policy, which provides information how we deal with the Client complaints;
• Risk Warnings, which provides information about risks and warnings using Website and make investment decisions.

If you have any enquiries in relation to this Website or the information on it, please contact us at info@universuss. it is important that you understand these Terms and Conditions because, to use our services, you must adhere to these Terms and Conditions.

1. Accessing and Using the Website and Crowdfunding Platform

1.1. Client can use the Website without registering.
1.2. If the Client wishes to use the services offered by the
Crowdfunding Platform, it is necessary to register as a Client in accordance with these Terms and Conditions
1.3. Client agrees that they will:
1.3.1 only use the Website and Crowdfunding Platform for their intended purposes and in accordance with these Terms and Conditions;
1.3.2 provide Crowdfunding Service Provider with accurate information and keep it updated;
1.3.3. be responsible for Client's own virus protection software; and
1.3.4. comply with all applicable laws in relation to the access to and use of the Website and Crowdfunding Platform.
1.4 Client agrees that they will not do (or attempt to do) any of the following:
1.4.1 hack, make unauthorised alterations to or introduce any kind of malicious code to the Website or Crowdfunding Platform by any means;
1.4.2. reverse engineer or decompile (whether in whole or part) any software available through the Website;
1.4.3. make copies, modify, reproduce, transmit, alter or distribute all or any part of the Website or any material or information contained on it (although the Client may make limited copies of their own Client Account information for personal use);
1.4.4 disguise or interfere in any way with the IP address of the computer the Client is using to access the Website or otherwise prevent us from correctly identifying the actual IP address of the computer the Client is using whilst accessing the Website or Crowdfunding Platform;
1.4.5. gain, or assist others in gaining, unauthorised access to the Website and Crowdfunding Platform;
1.4.6. use the Website or Crowdfunding Platform for any purpose that is unlawful, including any fraudulent use;
1.4.7. use bots, gaming algorithms or other automated methods to access or engage with the Website or Crowdfunding Platform;
1.4.8. use the Website or Crowdfunding Platform to simulate communications from us or another service or entity in order to collect identity information, authentication credentials or other information; and
1.4.9. use the Website or Crowdfunding Platform in any manner that disrupts their operation or causes it to fail.
1.5. Crowdfunding Service Provider will try to ensure that the Client has uninterrupted access to the Website (its content and features) and Crowdfunding Platform and, if the Client is a registered user, to the Crowdfunding Platform and the Client Accounts.
1.6. Crowdfunding Service Provider cannot guarantee that access to the Website or Crowdfunding Platform will always be available or uninterrupted. From time to time, access may be interrupted, suspended, or restricted, including because of a fault, error, or other unforeseen circumstance or because Crowdfunding Service Provider are carrying out planned maintenance.
1.7. Crowdfunding Service Provider will not be liable to the Client for any loss or damage which the Client may suffer as a result of the Website or Crowdfunding Platform being unavailable at any time for any reason.
1.8. The Crowdfunding Service Provider may make changes in the Crowdfunding Platform, including expanding, changing, or removing its functions, at its own discretion at any time without asking permission of the Clients or giving prior notice to the Clients. Among other, the Crowdfunding Service Provider may terminate the operation of the Crowdfunding Platform at its own discretion at any time.

2. Crowdfunding Platform and Crowdfunding Service Provider's Role

2.1. The Crowdfunding Platform is a direct lending platform that matches business funding interest of Investors and borrowing interest of the Project Owners through the use of a Crowdfunding Platform and which includes granting of Loans.
2.2 Crowdfunding Service Provider's role is to:
2.2.1. operate and manage the Website and Crowdfunding Platform;
2.2.2. match Clients (Investors) with Project Owners (Borrowers);
2.2.3. facilitate lending transactions between Clients (Investors) and Project Owners (Borrowers);
2.2.4. perform intermediary services (Crowdfunding Service).

3. Crowdfunding Service and Rights of the Crowdfunding Service Provider

3.1. Crowdfunding Service includes:
3.1.1. preparing Loan Agreements and Agreements for Clients and Project Owners;
3.1.2. providing Project Owners with the necessary pre- contractual, contractual, and post-contractual documentation and information;
3.1.3. collecting and distributing payments received by Crowdfunding Service Provider from Project Owners and guarantors (including all collections and enforcement activity) which are due to the Client;
3.1.4. enforcing any other rights that the Client or Crowdfunding Service Provider might have under Loan Agreements or Agreements;
3.1.5. responding to, and seeking to resolve, all complaints or disputes concerning Loan Agreements;
3.1.6. making amendments or variations to Loan Agreements, security documents and guarantees.
3.2. The Client authorises Crowdfunding Service Provider to provide or arrange the provision of the Crowdfunding Service to the Client.
3.3. Crowdfunding Service does not include:
3.3.1. guaranteeing or otherwise underwriting the availability or accessibility of funds to the Clients, or ensuring the performance of the financial obligations of the Client(s);
3.3.2. accepting deposits or other refundable instruments or giving of Loans or other financings on its own account or behalf
3.3.3. providing investment advice or legal advice;
3.3.4. provision of payment services.
3.4. No information, activity or process undertaken, or outcome reached, in connection with the provision of Crowdfunding Service (including the credit assessment of Project Owners) is intended to constitute or be construed as advice, recommendations or guarantee.
3.5. The Crowdfunding Service Provider shall enable the registered Clients of the Crowdfunding Platform to use the Crowdfunding Platform for its intended purpose
3.6. Crowdfunding Service Provider, in its sole discretion, may restrict Client's right to use Website or Crowdfunding Platform at any time, in full or to a limited extent, if Client disseminates false, misleading or offensive information about the Crowdfunding Platform, Crowdfunding Service Provider, Project Owner,
Crowdfunding Projects, etc., to the public or for other actions or omissions of the Client that harm interests of other Clients, Crowdfunding Platform, Crowdfunding Service Provider, Project Owner, Crowdfunding Projects.
3.7. Should any applicable laws or regulations of countries where Project Owners, Clients or Investors reside or operate change to the extent that prevents the Crowdfunding Service Provider to operate in these countries, Crowdfunding Service Provider, in its sole discretion, may restrict Client's right to use Website or
Crowdfunding Platform at any time, in full or to a limited extent in order to comply with requirements of the said laws and regulations
3.8. The Crowdfunding Service Provider has the sole right to change the Crowdfunding Platform's functionality and Terms and Conditions without advance notice, including limiting or adding functionality to the Crowdfunding Platform
3.9. The Crowdfunding Service Provider performs an administrative function in the execution and performance by the Clients of loan documents with the view to facilitating loans to Project Owners and communication between Clients.
4. Governing Law and Jurisdiction
4.1. These Terms and Conditions are governed by the Law of the Republic of Latvia.
4.2. The Latvian courts will have non-exclusive jurisdiction over any claim (including non-contractual claims) arising from, or related to, a Website or Crowdfunding Platform, although Crowdfunding Service Provider retains the right to bring proceedings against Client for breach of these Terms and Conditions in the Client's country of residence or any other relevant country.
5. Client Account
5.1. By registering as a Client and creating a Client Account with the Crowdfunding Platform, the Client agrees with Terms and Conditions and thereby an agreement under these Terms and Conditions is concluded between the Client who registers a Client Account and the Crowdfunding Service Provider
5.2. The Crowdfunding Service Provider reserves the right to amend or supplement the Terms and Conditions or lay down additional conditions. These amendments and supplementations shall enter into force from the moment when the Client has agreed with the new Terms and Conditions via the Crowdfunding Platform.
5.3. By commencing the use of the Crowdfunding Platform, the Client confirms to have read the Terms and Conditions, understood them, and agreed to them
5.4. Upon registration the Crowdfunding Service Provider will conduct a background check of the private person registering the Client Account which will include a review procedure in accordance with the Crowdfunding Service Provider's anti-money laundering policy. A person applying for registration of a Client
Account is required to submit to the Crowdfunding Service Provider any and all information that the Crowdfunding Service Provider requests. Only private persons who have passed the Crowdfunding Service Provider's background and Provider's anti- money laundering check to the extent that the Crowdfunding
Service Provider deems necessary can register a Client Account to their name. The Crowdfunding Service Provider has the unilateral right to refuse to open a Client Account.
5.5. Upon registering a Client Account, a person enters their contact information and other data required by the Crowdfunding Service Provider into the respective environment and selects a unique clientname and password.
5.6. The Crowdfunding Service Provider shall have the right to limit the rights of certain groups of Clients (e.g. of persons who give loans via the Crowdfunding Platform) in terms of specific usage rights, including limiting access and/or usage rights with respect to certain parts of the Crowdfunding Platform. The Crowdfunding Service Provider does not have to ask for a separate consent from the Client when the Crowdfunding Service Provider wishes to execute the limitation of the rights of certain groups of Clients.
5.7. To use the Crowdfunding Platform, the Crowdfunding Service Provider may unilaterally request the Client to identify him/herself via ID card, Mobile-ID, bank link or any other identification method acceptable to the Crowdfunding Service Provider. In order to submit declarations of intent and give approvals that bear legal consequences, the Crowdfunding Service Provider may request the verification of the Client's signature via ID card, Mobile-ID, bank link or mobile communication or any other authentication method.
4. Payments
4.1. To perform transactions via the Crowdfunding Platform, Client must transfer funds to the Crowdfunding Service Provider Client Account.
4.2. The Client may transfer funds to the Crowdfunding Service Provider only from a bank account registered to the name of the Client in a licensed credit or payment institution, which is registered or operating in a state which is a Contracting Party to the European Economic Area Agreement or in a state where equivalent money laundering and terrorist financing prevention measures have been implemented.
4.3. The Crowdfunding Service Provider shall have the right to request documents, which confirm compliance of the bank account with the conditions referred to herein.
4.4. If the bank account from which a transfer was made to the Crowdfunding Service Provider does not belong to the respective Client or does not meet any other conditions, the Crowdfunding Service Provider shall have the right to transfer the sum back to the person who made the transfer and request from the Client compensation of expenses related to returning of the payment (automatically deducting them from the Client Account).
4.5. Unless provided otherwise in the Terms and Conditions, the Client may request from the Crowdfunding Service Provider, tomthe extent of the positive balance of the non-booked funds reflected in the Client Account, payment of the funds reflected in the Client Account to the Client, by giving a payment order to the
Crowdfunding Service Provider via the respective application of the Crowdfunding Platform. The abovementioned order shall be considered as instructions of the Client to the Crowdfunding Service Provider to transfer the sum referred to in the order (to the extent of the non-booked positive balance of the account) via a bank transfer to the bank account of the Client.
4.6. The Crowdfunding Service Provider shall make payments to the Client only to the bank account disclosed to the Crowdfunding Service Provider by the Client. The Client has the right to request from the Crowdfunding Service Provider to make the payments only to the bank account registered to the name of the Client in a licensed credit or payment institution, which is registered or operating in a state which is a Contracting Party to the European Economic Area Agreement or in a state where equivalent money laundering and terrorist financing prevention measures have been implemented.
4.7. The Crowdfunding Service Provider shall have the right to refuse to make a payment to the bank account that does not belong to the Client or does not meet any other conditions (the Crowdfunding Service Provider shall have the right to request documents, which confirm compliance of the bank account with the conditions referred to herein).
4.8. If a Client wishes to change the Client's bank account number previously provided to the Crowdfunding Service Provider, the Client shall inform the Crowdfunding Service Provider of the new bank account number via the respective application of the Crowdfunding Platform, thereby confirming that the bank account has been opened in the name of the Client and complies with other terms and conditions mentioned before.
4.9. The Client shall cover the transfer expenses for the transfers made by the Client to the Crowdfunding Service Provider. Expenses related to the payments made by the Crowdfunding Service Provider to the Client and other expenses related to the payments made for the purposes of execution of transactions and
activities by the Client shall be reimbursed to the Crowdfunding Service Provider by the Client according to the price list established by the Crowdfunding Service Provider. The Crowdfunding Service Provider shall have the unilateral right to change the price list by publishing the new price list in the Crowdfunding Platform at least 5 (five) working days before its entry into force.

4.10. No other financial obligations can be fulfilled, or paymentsnmade through the Client Account. Among other things, it is forbidden to make payments from one Client Account to another Client Account, except for the payments made automatically and according to the Terms and Conditions by the Crowdfunding Platform for the purposes of executing the transactions concluded through the Crowdfunding Platform
5. Separation of Funds
5.1. As a mandatary rule, the Crowdfunding Service Provider shall keep the funds transferred to them by the Clients in the bank account, which the Crowdfunding Service Provider has opened on its name solely for this purpose in a licensed credit or payment institution, which is registered or operating in state, which is a Contracting Party to the European Economic Area Agreement.
5.2. The funds on the Crowdfunding Service Provider's respective bank account are excluded from the Crowdfunding Service Provider assets. The Crowdfunding Service Provider shall keep the funds of the Clients separately from its own funds
6. General Rights and Obligations of the Client.
6.1. In addition to other obligations set forth in the Terms and Conditions, the Client shall be obliged:
6.1.1. not to use the Crowdfunding Platform for illegal transactions or activities, including fraud, money laundering, terrorist financing or other similar activities;
6.1.2. to use the Crowdfunding Platform through web browsers intended for general purposes. It is forbidden to use, including but not limited to, robots, spiders, scrapers and other automatic data entry and processing devices;
6.1.3. to submit only truthful data and information upon registering the Client Account. The Client shall be liable for the damages caused by the violation of the obligation set forth herein with respect to the Crowdfunding Service Provider and other Clients. The Crowdfunding Service Provider does not verify the
correctness of the information submitted by the Clients and shall not take any responsibility for the correctness and truthfulness of the data submitted by the Clients;
6.1.4. to safeguard the data and devices necessary for logging in to the Client Account of the Crowdfunding Platform, including the ID card, respective passwords and Client IDs and authentication devices in a manner that prevents third parties from gaining possession of them. However, if a third party enters the
Crowdfunding Platform through Client Account, any and all provisions arising from the Terms and Conditions shall apply;
6.1.5. to inform the Crowdfunding Service Provider immediately about the risk of unauthorised use of the Client Account that may occur;
6.1.6. to inform the Crowdfunding Service Provider as soon as possible of any changes in the data submitted upon opening the Client Account
6.2. In addition to other rights set forth in the Terms and Conditions, a registered Client shall have the right to:
6.2.1. enter the Crowdfunding Platform by using logging in functionality, which is secured by the necessary measures determined at the Crowdfunding Service Provider's discretion;
6.2.2. use the functionalities of the Crowdfunding Platform if the Client complies with the requirements established for using the specific functionality;
6.2.3. review the Client data saved by the Crowdfunding Service Provider, amend such data, and request the Crowdfunding Service Provider to cease processing;
6.2.4. with prior consent of the Crowdfunding Service Provider, authorise Client's representative to use Client's Client Account and register them as the authorised Client of the Client Account;
6.2.5. provide feedback regarding the services offered by the Crowdfunding Platform and respond to the surveys, including the service quality assessments, carried out by the Crowdfunding Service Provider.
7. Investor Meeting
7.1. The Client agrees that all changes to the Crowdfunding Project that affect or relate to the Loan repayment term (its modification, suspension, extension, etc.), debt collection decisions, etc. may be adopted by the Investor Meeting should such Investor Meeting be organized by the Crowdfunding Service
Provider.
7.2. The Investor Meeting is chaired, organized, and announced (convocated) by the Crowdfunding Service Provider. The Crowdfunding Service Provider announces the meeting via the Crowdfunding Platform and informs the Investors on format of the Investor Meeting (for example, online voting). Decision on
announcement (convocation) of the Investor Meeting is at the sole discretion of the Crowdfunding Service Provider.
7.3. Prior to the Investor Meeting the draft decisions on proposed action models is prepared by the Crowdfunding Service Provider and published on the Crowdfunding Platform. The Investor Meeting can choose and vote for one of several future action models.

7.4. The draft decisions are visible only to Investors (lenders) who have invested in the particular Crowdfunding Project. The decision is taken by voting. The number of votes an Investor has at the Investor Meeting is determined according to the amount invested (loaned) by the Investor in the Crowdfunding Project, assigning one vote for each whole euro invested (loaned). The Investor meeting shall adopt a decision by a simple majority of votes. The draft decision shall be deemed adopted if 50% of all votes in the Crowdfunding Project (including votes of Investors in a specific Crowdfunding Project that are not present in the meeting) plus one vote are in favour the draft decision. The Investor Meeting decision is binding to other Investors in a specific Crowdfunding Project. If none of the proposed draft decision are adopted, further course of action is determined by the Crowdfunding Service Provider
8. Processing of Client Data
8.1. For the purposes of these Terms and Conditions, personal data shall be any and all data and information on a Client who is a private person, which the Client has disclosed upon registering their Client Account, using the Crowdfunding Platform and making declarations of intent via the Crowdfunding Platform. The personal data that the Crowdfunding Service Provider has learned about such Client from third parties and stores or processes, is considered personal data.
8.2. By registering a Client Account and/or disclosing data, the Client shall confirm that they are aware of and consent to the fact that any and all legally collected data regarding the Client which are in the possession of the Crowdfunding Service Provider, regardless of their origin, shall be processed by the Crowdfunding Service Provider for the purposes related to the possibilities of use of the Crowdfunding Platform and to the extent necessary for it.
8.3. A Client, who is a private person, has the right to withdraw their consent for processing personal data at any time. The person may request the cease of processing the personal data, terminate the access to the data and request deletion or closing the collected personal data. This is possible if the Client has no on-
going process of concluding an agreement via the Crowdfunding Platform and no valid agreement concluded via the Crowdfunding Platform, and provided that the legal acts do not oblige the Crowdfunding Service Provider to save data. Upon withdrawing the consent to process personal data the respective Client Account shall be closed.
8.4. The Crowdfunding Service Provider shall be obliged to keep the Clients' data confidential and follow any and all rules arising from applicable law
8.5. The Crowdfunding Service Provider shall have the right to disclose Client's personal data to third parties (https://www.veriff.com for identity verification), including other Clients, only in cases set forth in the law and Terms and Conditions
8.6. The Crowdfunding Service Provider shall have the right to disclose (personal) data of a Client to persons belonging to the same group as the Crowdfunding Service Provider and persons who provide the Crowdfunding Service Provider with legal assistance, accounting, auditing or any other services, which presume processing of Clients' personal data, provided that the respective service provider has undertaken the obligation towards the Crowdfunding Service Provider not to disclose the respective personal data to third parties.
8.7. The Crowdfunding Service Provider shall have the right to use the e-mail address and mobile phone number of a Client for the purposes of forwarding to the Client information, advertising and offers from the Crowdfunding Service Providers or its cooperation partners. The Client shall have the right to choose, which notifications and offers they wish to receive through the Crowdfunding Platform and refuse to receive offers from the Crowdfunding Service Provider and their cooperation partners, without their respective query through the Crowdfunding Platform.
8.8. Crowdfunding Service Provider is entitled to request information from the Client in accordance with anti-money laundering procedures at any time on its own initiative or in cases when required by law or required by the competent authority. The Client may be required to provide information, including, but not limited to, the Client's source of income, its amount, or the origin of funds. The Client is obliged to submit this information to Crowdfunding Service Provider within 30 days from the date of the request. If the Client fails to provide the requested information, this may result in termination of cooperation with the Client or restriction of the services available to the Client on the Crowdfunding Platform
9. Intellectual Property
9.1. Any and all intellectual property rights to the Crowdfunding Platform, including the structure, web design elements, texts and other components of the Crowdfunding Platform, and the intellectual property rights related to them (including the intellectual property rights to trademarks, logos, brands, software, databases, news, messages, texts, graphic, musical and other design) belong to the Crowdfunding Service Provider, unless the rights of another person are referred to with regard to a component, or information has been entered by the Clients of the Crowdfunding Platform. Clients shall not be allowed to change, reproduce, disseminate, process, translate, make extracts from, forward, include in other databases or make public the Crowdfunding Platform or any of its contents or components or use it in any other manner that is beyond the intended purposes of the Crowdfunding Platform without the prior written consent of the Crowdfunding Service Provider.
9.2. The Client shall not be allowed to grant sub-licences for using the Crowdfunding Platform or any of its contents or components or create new objects of intellectual property based on them.
9.3. The Clients are allowed to publish only such material in the Crowdfunding Platform for which they have intellectual property rights to the extent that is necessary for publishing the respective materials in the Crowdfunding Platform. A Client shall be fully responsible for the materials published in the Crowdfunding Platform by them.
9.4. With publishing of any material in the Crowdfunding Platform by the Client, the Client shall give their unconditional and free consent to the Crowdfunding Service Provider to store, disseminate and publish such material in accordance with the Terms and Conditions and to change or process in any other manner to the extent that is necessary for the intended use of the Crowdfunding Platform.
10. Liability
10.1. Among other, the Crowdfunding Service Provider and Security Agent are not liable for:
10.1.1. the performance of a Project Owner's (including Borrower's) obligations;9.4. With publishing of any material in the Crowdfunding Platform by the Client, the Client shall give their unconditional and free consent to the Crowdfunding Service Provider to store, disseminate and publish such material in accordance with the Terms and Conditions and to change or process in any other manner to the extent that is necessary for the intended use of the Crowdfunding Platform.
10. Liability
10.1. Among other, the Crowdfunding Service Provider and Security Agent are not liable for:
10.1.1. the performance of a Project Owner's (including Borrower's) obligations;
10.1.2. the trueness or accuracy of information and/or confirmation(s) published or provided by a Project Owner (including a Borrower) in the Crowdfunding Platform or any loan document and no warranty or representation is made by either the Crowdfunding Service Provider or the Security Agent in respect of the same. This exclusion of liability shall also apply to any details and other information published in the Crowdfunding Platform in respect of Crowdfunding Projects and Clients;
10.1.3. any disruptions or impediments that may occur in the operation of the credit institution, including any losses which may directly or indirectly be incurred as a result of the insolvency or moratorium of such credit institution or any other similar event;
10.1.4. losses incurred as a result of any act or failure to act by the third parties whose economic or professional activity includes the collection of debts and the provision of related services;
10.1.5. the scope, content, suitability and enforceability of contracts and other legal documents used in the Crowdfunding Platform, including those used for the carrying out of transactions through the Crowdfunding Platform;
10.1.6. any bugs or disruptions that occur in the Crowdfunding Platform or amendments made in the Crowdfunding Platform or the consequences of termination of the operation of the Crowdfunding Platform;
10.1.7. the trueness and accuracy of any forecasts, including financial indicators and forecasts of any Crowdfunding Project, published in the Crowdfunding Platform and no warranty or representation is made by neither the Crowdfunding Service Provider nor the Security Agent in respect of the same;
10.1.8. any circumstances that derive from or depend on the identity of a Client;
10.1.9. any non-patrimonial damages, loss of profit or other indirect losses, or other damages caused as a result of its conduct other than intentional misconduct.
10.2. Although the Crowdfunding Service Provider shall take all measures to ensure correctness and reliability of information published in the Crowdfunding Platform, the Crowdfunding Service Provider shall not be liable for publishing incorrect or misleading information in the Crowdfunding Platform, or for a
violation committed or being continuously committed through the Crowdfunding Platform, or consequences thereof, of which the Crowdfunding Service Provider is not aware or for which it has taken measures for correcting the information, ending a violation or eliminating consequences thereof.
10.3. The Crowdfunding Service Provider shall not be liable for the correctness and completeness of information received from third parties if the Crowdfunding Service Provider forwards or discloses it in the Crowdfunding Platform in the same format as it was forwarded or made available to the Crowdfunding Service Provider. If a Client discovers incorrectness of information contained in the Crowdfunding Platform, they shall be obliged to inform the Crowdfunding Service Provider as soon as possible.
10.4. The Crowdfunding Service Provider shall not be liable to other Clients or third parties if a Client violates an obligation set forth in the Terms and Conditions, any other agreement concluded with the Crowdfunding Service Provider, legal act or agreement concluded between Clients.
10.5. The Crowdfunding Service Provider shall be liable for the obligations arising from a transaction concluded through the Crowdfunding Platform only if the Crowdfunding Service Provider is a party to a specific transactio
10.6. If a Client causes damages to the Crowdfunding Service Provider by violating any of the obligations, the Client shall be obliged to fully compensate the respective damages to the Crowdfunding Service Provider at first reques
10.7. The Crowdfunding Service Provider shall not be liable for the damages that were caused to a Client or third parties in relation to the fact that the Crowdfunding Service Provider used their legal remedies (e.g. removed information from the Crowdfunding Platform or limited access to it, limited or restricted Client's access to their Client Account or Crowdfunding Platform).
10.8. The Crowdfunding Service Provider shall not be liable for temporary interruption in the access to the Crowdfunding Platform or its functionality.
10.9. The Crowdfunding Service Provider shall be liable only for the direct patrimonial damages to the Client caused by violation of the obligations of the Crowdfunding Service Provider's due to gross negligence or intent. Other damages or loss of profit shall not be subject to compensation. The Crowdfunding Service Provider shall not be liable if a service provider or any other third party used by the Crowdfunding Service Provider causes the violation of obligations.
11. Duration of Use of the Crowdfunding Platform and Termination of Use
11.1. Client Accounts in the Crowdfunding Platform are opened without term. If a Client have no valid agreements concluded via the Crowdfunding Platform and Client no longer wish to use the Crowdfunding Platform, Client can close the Client Account and terminate the agreement concluded with the Crowdfunding Service Provider without advance notice.
11.2. The Crowdfunding Service Provider shall have the right to limit or cancel a Client's right to use the Crowdfunding Platform and close a Client Account, as well as to terminate an agreement concluded with a Client at any time without advance notice if it appears that:
11.2.1. the Client violates or has violated the Terms and Conditions or any other Client obligations;
11.2.2. the Client does not accept new Terms and Conditions upon first logging in to the Crowdfunding Platform after the new Terms and Conditions have been made available in the Crowdfunding Platform;
11.2.3. the Client has submitted to the Crowdfunding Service Provider or other Clients data and/or information that is incorrect, misleading, and/or inaccurate;
11.2.4. upon using the Crowdfunding Platform, the Client behaves in bad faith, without dignity, illegally or in contradiction with the moral standards recognised in the society;
11.2.5. the Crowdfunding Service Provider has discovered a circumstance based on which there may be a suspicion that third parties have gained possession of the data and devices allowing logging in to the Client Account and the Crowdfunding Platform and the Client Account could be used by an unauthorized person.
11.2.6. Client has not provided to Crowdfunding Service Provider the information that Crowdfunding Service Provider requires to identify Client to carry out anti-money laundering and know-your- customer policies and procedures of Crowdfunding Service Provider and/or as required by law and within the deadlines stipulated by Crowdfunding Service Provider;
11.2.7. Crowdfunding Service Provider suspects money laundering, terrorism financing, or an attempt to do so, with the involvement of the Client or the Client Account;
11.2.8. Client is a person who is subject to international or national sanctions or is an affiliate of such person;
11.2.9. The Client disseminates false, misleading or offensive information about the Crowdfunding Platform, Crowdfunding Service Provider, Project Owner, Crowdfunding Offers, Crowdfunding Projects, etc., to the public or for other actions or omissions of the Client that harm interests of other Clients, Crowdfunding Platform, Crowdfunding Service Provider, Project Owner, Crowdfunding Offers, or Crowdfunding Projects.
11.3. The Crowdfunding Service Provider shall have the right to close the Crowdfunding Platform.
11.4. Upon closing the Crowdfunding Platform or if the Client can no longer use the Crowdfunding Platform:
11.4.1. the transactions made through the Crowdfunding Platform shall remain in force under the terms and conditions set forth therein and
11.4.2. the settlements arising from transactions made between the respective Client and other Clients shall thereafter take place through the bank accounts of the respective Client and other Clients on the basis of the payment orders given by such Clients. After the expiry of the right to use the Crowdfunding Platform, the Crowdfunding Service Provider shall not be responsible for making or receiving payments on behalf of the Clients);
11.4.3. The Crowdfunding Service Provider shall pay the positive balance registered in Client Account (as of the moment of expiry of the right to use the Crowdfunding Platform), deducting the sums payable to the Crowdfunding Service Provider, to the bank account of the Client within 10 (ten) working days from the expiry of the right to use the Crowdfunding Platform. Any amount that are added to the Client Account after the Client has lost the right to use the Crowdfunding Platform shall be transferred to the Client's bank account within 10 (ten) working days after arrival to the Client Account.
12. Sending Notices
12.1. The notices sent to the Client's mailbox (an e-mail address that the Client has provided to the Crowdfunding Service Provider) shall be considered as received within 24 hours of sending.