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Terms and Conditions of Service

PROVIDER IDENTIFIER

A. For Users Resident in the European Union (EU):

B. For Users Resident in the United States (USA):

GENERAL CONTACT INFORMATION

PURPOSE

This text sets out the terms and conditions of use and registration that apply to our online services platform https://velocraze.com and the services we provide, reflecting all the rights and obligations of the parties.

All users who visit or access our platform and/or use any of the services we provide accept the terms and conditions of use and the privacy policy, as well as any modifications and/or additional legal texts that may be included in the future. If you do not agree with any of the terms and conditions, you may unsubscribe from the service at any time or, if you are not a registered user, leave the platform.

In addition to these conditions, each of the services provided may be governed by specific conditions of use and registration, which the user must expressly accept before using and/or contracting them.

USER REGISTRATION AND ACCESS

1. REGISTRATION PROCEDURE

Any user, provided they are over 18 years of age and have sufficient power to act on behalf of a third party, whether a natural or legal person, may register on our platform.

To do so, they must simply access the form provided for this purpose, enter the requested data and accept the terms and conditions of use and registration, as well as the privacy policy that will govern the relationship between the user and the provider.

Using the username and password entered during the registration process, the user will be able to access the platform to contract and manage their services and information, as well as complete their user profile.

ELECTRONIC CONTRACTING OF SERVICES

1. PRELIMINARY INFORMATION APPLICABLE TO ELECTRONIC CONTRACTING

In accordance with the provisions of Article 23 et seq. of Law 34/2002 on information society services and electronic commerce, contracts concluded electronically shall have all the effects provided for by law, provided that both parties give their consent and that this can be proven.

For these purposes, it shall be understood that following all the stages of the registration process and, where applicable, paying the corresponding amount, necessarily implies the provision of the express consent required for contracting the service.

Similarly, and in accordance with the provisions of Article 27 of Law 34/2002 on information society services and electronic commerce, all information relating to the contract is made available to users prior to the start of the contracting process.

The terms and conditions set out below apply directly to the contracting of all services made available through the website https://velocraze.com, unless expressly stated otherwise.

2. CONTRACTING PROCEDURE

The service contracting procedure is carried out entirely electronically through our platform, without the physical presence of the parties and/or external physical transaction at any time.

Anyone with Internet access can contract the services, with the only prerequisite being that they have registered as a user, which is essential in order to initiate the contracting procedure.

The stages of the contracting procedure are visible to users throughout the entire contracting procedure. There are three distinct stages:

• User identification.

• Selection of the service and payment method.

• Confirmation of the service.

The Site allows the purchase of products grouped into packs and combos, subject to specific combination rules.

The user only has to select the service they wish to purchase and click on the purchase button provided for this purpose. This will start the contracting procedure, which will always follow the steps indicated above for all available services.

Once the service, quantity, applicable taxes, total price and payment method have been selected, the platform will show the user a summary of the purchase made, together with the applicable terms and conditions, which must be expressly accepted by the user in order to continue with the purchase process.

Once the box accepting the terms and conditions has been ticked, if any of the electronic payment methods has been selected, the user will be redirected directly to the corresponding external payment platform to make the payment, without https://velocraze.com having access at any time to the user's credit card and/or payment system details.

The security of the payment procedure is guaranteed by the financial institution.

Once the service has been contracted, a summary screen of the contract will be displayed.

We accept payments by credit/debit card, Apple Pay, Google Pay and PayPal. All card payments are processed through Stripe's secure payment gateway. The Platform does not store credit card information.

If payment by credit card has been selected, it will be carried out through the bank's POS terminal, a platform that is completely separate and independent from the provider.

Within a maximum period of 24 hours, the service contractor will receive an email containing all the information relating to the contracted service. This document is confirmation that the contract has been successfully completed and is valid as proof for any type of claim, provided that the corresponding proof of payment is attached.

The provider informs the user that all contracts entered into will be recorded in a file for the control and management of contracts, which will contain, together with the information on the services contracted, additional information to guarantee security and evidence of the correct completion of the procedure.

2.1. Community and Social Interaction

2.2. Gamification and Playful Experience

2.2.1. Regulation of NFTs

NFTs are awarded as gifts for interaction or membership on the Platform and are subject to the following conditions:

2.3. ImpactLoop and Social Purpose

2.3.1. Donation Mechanism

Donations are made by transfer when certain amounts pre-set by the Platform are reached.

The organisations we currently collaborate with are: ADELA, CÁRITAS, ÉRGUETE, ENERGÍA SIN FRONTERAS, F. AMIGOS DE MONKOLE, LIFETERRA, AMNESTY INTERNATIONAL, PROTECCIÓN A LA INFANCIA (Plan Internacional), SAUCE ALDEAS INFANTILES and ACNUR. The list of organisations may change over time.

SCOPE OF APPLICATION AND CONSUMER RIGHTS

As the Platform operates in the European Union (EU) and the United States (US), the terms and conditions and rights of withdrawal vary depending on the user's location.

3.1. For Users Resident in the EUROPEAN UNION (EU)

The following conditions apply to users residing in a Member State of the European Union.

3.1.1. Right of Withdrawal (EU)

In accordance with Directive 2011/83/EU and Royal Legislative Decree 1/2007, the user has the right to withdraw from the purchase contract without the need for justification within a period of 14 calendar days from the day on which the user or a third party indicated by them acquires physical possession of the goods.

To exercise the right of withdrawal, the user must simply send a written request to any of the addresses listed below, expressly stating their request to exercise their right of withdrawal:

• Postal address: Pasaxe Do Pedrido, 24. - 15165 - Bergondo (A Coruña)

• Email: protecciondedatos@prendeluz.com

Exceptions to the Right of Withdrawal (EU):

The right of withdrawal shall not apply, among others, to:

3.1.2. Applicable Law and Jurisdiction (EU)

These Terms shall be governed by and construed in accordance with the laws of Spain. Any dispute shall be submitted to the jurisdiction of the courts of A Coruña (Spain), although the consumer may choose the jurisdiction of the courts corresponding to their place of residence, in accordance with current legislation.

3.2. For Users Resident in the UNITED STATES (USA)

The following conditions apply to users residing in the United States.

3.2.1. Right of Cancellation (US)

In the United States, there is no mandatory federal right of withdrawal for online purchases. The right of cancellation shall be governed by the return policy of Velocraze, Inc. and applicable state laws.

Return Policy: Velocraze, Inc. has determined that sales of physical and digital products are final and not subject to return or cancellation, unless otherwise required by applicable state law.

4. RIGHT OF WITHDRAWAL FROM CONTRACT

The right to withdraw from the contract shall be governed by the provisions of section 3.1.1 or 3.2.1, as applicable to the user's residence.

USER OBLIGATIONS

The user undertakes, during the term of this contract, to:

GUARANTEES AND RESPONSIBILITIES

We are deeply committed to ensuring that our services function correctly and in accordance with the conditions agreed with our users. However, on occasions, situations may arise, particularly due to the intervention of malicious third parties, that could give rise to liability.

In this regard, below we indicate those situations in which we are not responsible for the actions of users, who assume all liability arising therefrom:

The relevant service provider is not responsible for technical failures attributable to third parties (such as hosting providers or payment gateways), force majeure, or content published by third parties. In the event that the services contracted by the user are not available for a period of more than 72 hours from the time of notification of the incident, the user is entitled to request the provider to terminate this contract and refund the amounts corresponding to the services not enjoyed, which will be duly reimbursed through the same means as the initial payment or, where appropriate, by bank transfer.

In the event that any of the content accessible through the platform is contrary to current regulations, we undertake to remove it immediately, as soon as we become aware of it and corroborate the facts.

NOTICE AND TAKEDOWN MECHANISM

The Platform acts merely as a data hosting service provider and is not responsible for content generated by users, provided that it has no actual knowledge of its illegality.

Any user or third party who considers that content hosted on the Platform is illegal, offensive or infringes their intellectual property rights may notify us through the following channel: support@velocraze.com

Once the notification has been received, the Platform will analyse the content and, if its illegality is confirmed, remove it or disable access immediately in order to benefit from the exemption from liability established in the Information Society Services Act (LSSI).

INTELLECTUAL AND INDUSTRIAL PROPERTY RIGHTS

At https://velocraze.com, we are deeply committed to protecting intellectual property rights. That is why we have established the following conditions and policies:

1. RELATING TO THE ONLINE PLATFORM

The provider guarantees the user that it is the legitimate owner of the platform and that it is not involved in any legal dispute prior to the signing of this contract.

The user expressly acknowledges that the provider holds all rights, title and interest in the platform and the computer developments associated with the service, as well as in all its modules, modifications and updates and in any element and/or functionality developed on it, regardless of whether this has been requested by the user or not. For these purposes, this includes, without limitation, the recognition of the provider's ownership of all copyright, intellectual property, and/or industrial property rights, and may exploit the platform without any restrictions of a temporary or territorial nature, or relating to means of dissemination or modes of exploitation, and with no limitations other than those established by law.

The structure, characteristics, codes, working methods, information and exchange systems, development tools, know-how, methodologies, processes, technologies or algorithms that constitute and/or may constitute the platform are the exclusive property of the provider and are duly protected by national and international intellectual and/or industrial property laws. They may not be subject to further modification, copying, alteration, reproduction, adaptation or translation by the user without the prior express consent of the provider.

Similarly, all user manuals, texts, graphic drawings and databases that complement the platform and/or materials associated with it are the property of the provider and may not be subsequently modified, copied, altered, reproduced, adapted or translated by the user.

The provision of the platform as a service or mere access by the user does not imply, in any case, the transfer of ownership or the granting of a right of use to the user other than that expressed in these conditions.

In order for the user to be able to use the platform, which is the exclusive property of the provider, the latter grants, by virtue of this contract, a non-exclusive licence of use to the user, limited in time to each connection period, unlimited in space insofar as it can be accessed from any device with an Internet connection, non-transferable, revocable and non-sublicensable.

In any case, any type of reproduction, imitation, transmission, translation, modification, creation of derivative works and/or public communication is strictly prohibited, regardless of the means used to do so, and the infringing user shall assume all direct or indirect liability that may arise.

For any aspect not expressly recognised in this contract, all rights shall be reserved in favour of the provider, and written authorisation from the provider shall be required in order to carry it out.

2. RELATING TO USER CONTENT AND INFORMATION

All content and information published or managed by users on the platform is the exclusive property of the user. However, by uploading content to the Platform, the user grants PRENDELUZ, S.L. a non-exclusive, free, worldwide and sublicensable licence to use, reproduce, distribute, modify, adapt, display and publicly communicate such content, solely for the purpose of providing, promoting and improving the services of the Platform (e.g. displaying the video in the activity feed, sharing it on the Platform's social networks or using it to promote the functionality of the community).

The user guarantees that they are the legitimate owner of the intellectual property rights to the content they upload or that they have the necessary authorisation to grant the licence under the terms set out herein. The user shall be solely liable for any third-party claims arising from the content they host.

CONFIDENTIALITY AND DATA PROTECTION

In accordance with the provisions of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, all personal data provided during the use of the platform and during the provision of services will be processed in accordance with the provisions of the Privacy Policy, which all users must expressly accept in advance in order to register.

All users who accept these terms of use expressly and unequivocally accept our Privacy Policy, and in this regard are entitled to the rights of access, rectification, cancellation and opposition with regard to their personal data, which they may exercise as set out in the aforementioned Privacy Policy.

TEMPORARY CONDITIONS

These conditions shall come into force on the date of contracting the service and shall remain in force for one year, tacitly renewable for annual periods.

Either party may terminate this contract by giving express written notice to the other party at least 30 days before the start of the following period.

However, services that are consumed and contracted in packages or promotions may have a specific duration that is shorter than that indicated, which in any case will be shown before proceeding with the contract.

FINANCIAL CONDITIONS

The rates applicable to each of the services offered through the platform shall be solely and exclusively those published on the online platform, these being the only valid ones, except in the case of typographical or transcription errors, in which case the provider undertakes to modify them immediately.

The provider reserves the right to cancel contracts made within 7 days of their completion if it detects typographical or transcription errors in the price and/or taxes applied to the transaction.

The provider reserves the right to make any changes to the rates for each service, undertaking to publish them on the platform in a manner visible to users. Unless otherwise specified, rate changes shall not be retroactive.

All contracted services will be duly invoiced and paid for prior to the provision of the services.

Payments may be made by credit/debit card, Apple Pay, Google Pay, and PayPal. The provider does not have access to any bank or credit card details at any time, as all payments are processed through secure payment gateways (Stripe and PayPal).

All rates will be increased by the amount corresponding to the taxes in force on the date of issue of the invoice, which will be duly reflected in the summary of each purchase.

CUSTOMER SERVICE AND TECHNICAL SUPPORT

The provider offers users a customer service and technical support service with the following characteristics:

Unless otherwise specified, the customer service will be provided exclusively in Spanish.

TERMINATION OF THE CONTRACT

This contract may be terminated in any of the following circumstances:

Similarly, in order for the contract to be fully terminated, the user must pay all outstanding amounts, without the possibility of full termination without compliance with this obligation, which is considered essential.

In the event that the contract is terminated unilaterally by the user, without duly proven and justified cause, the user waives any claim for the amounts paid to date.

OUT-OF-COURT SETTLEMENT OF DISPUTES

Likewise, in accordance with the terms set out in Article 14 of EU Regulation 524/2013 on the resolution of consumer disputes, a direct link to the online dispute resolution platform is provided: https://ec.europa.eu/consumers/odr/main/index.cfm

APPLICABLE LAW AND JURISDICTION

Any dispute or conflict that may arise from these terms and conditions shall be governed by Spanish law. The resolution of legal disputes shall be subject to the jurisdiction of the courts and tribunals of the user's or customer's place of residence.