PLEASE READ CAREFULLY BEFORE ACCESSING ANY SERVICES OR DOWNLOADING ANY SOFTWARE:

This licence agreement (Licence) is a legal agreement between you (Licensee or you) and Appfactor.io Ltd of 20-22 Wenlock Road, London, England, N1 7GU (Licensor, us or we) for:

The services and any data supplied with the services, as set out specifically in Schedule 1 (Services).

Any online software applications provided as part of the Services (Software)

Any online documents provided as part of the Services (Documents)

We license use of the Services, Software and Documents to you on the basis of this Licence. We do not sell the Services, Software or Documents to you. We, or our licensors, remain the owners of the Services, Software and Documents at all times.

IMPORTANT NOTICE TO ALL USERS:

BY CLICKING ON THE "ACCEPT" BUTTON BELOW YOU AGREE TO THE TERMS OF THIS LICENCE WHICH WILL BIND YOU AND YOUR EMPLOYEES. THE TERMS OF THIS LICENCE INCLUDE, IN PARTICULAR, LIMITATIONS ON LIABILITY IN CONDITION 5.

IF YOU DO NOT AGREE TO THE TERMS OF THIS LICENCE, YOU MUST CLICK ON THE "REJECT" BUTTON BELOW AND YOU MAY NOT DOWNLOAD, STREAM OR ACCESS THESE SERVICES, SOFTWARE OR DOCUMENTS.

You should print a copy of this Licence for future reference.

1.

LICENCE

1.1

The following defined terms are used in this Licence:

(a)

Authorised Users means the employees, agents and independent contractors of you, your subsidiaries and affiliates, who you authorise to use the Services, the Software and the Documents.

(b)

Good Industry Practice means the exercise of that degree of skill, care, prudence, efficiency, foresight and timeliness as would be expected from a leading company within the relevant industry or business sector.

(c)

Licensee Data means the data inputted by or on behalf of you, for the purpose of using or facilitating your use of the Services, Software or Documents and any data generated by, or derived from your use of the Services, Software or Documents, whether hosted or stored within the Services, Software or Documents or elsewhere.

(d)

Order Form means the separate services order form that you have signed with respect to the Services set out in this Licence, the terms of which are expressly incorporated into this Licence.

(e)

User Subscriptions means the user subscriptions purchased by you, or on your behalf, from the Licensor (or an entity authorised by the Licensor to provide them), in accordance with the terms of the Order Form, which entitle Authorised Users to access and use the Services, Software and the Documents in accordance with this Licence.

(f)

Viruses means any thing or device (including any software, code, file or programme) which may prevent, impair or otherwise adversely affect the operation of any computer software, hardware or network, any telecommunications service, equipment or network or any other service or device; prevent, impair or otherwise adversely affect access to or the operation of any programme or data, including the reliability of any programme or data (whether by re-arranging, altering or erasing the programme or data in whole or part or otherwise); or adversely affect the user experience, including worms, trojan horses, viruses and other similar things or devices.

(g)

Vulnerability means a weakness in the computational logic (for example, code) found in software and hardware components that, when exploited, results in a negative impact to confidentiality, integrity, or availability, and the term Vulnerabilities shall be construed accordingly.

1.2

In consideration of payment by you of the agreed licence fee set out in the Order Form and you agreeing to abide by the terms of this Licence, we grant to you a limited, non-exclusive, non-transferable, revocable licence, without the right to sublicense, to access and use the Services (and the Software and the Documents in connection with the Services) on the terms of this Licence, solely for your internal business operations.

1.3

We shall use commercially reasonable endeavours to make the Services available 24 hours a day, seven days a week, except for:

(a)

planned maintenance carried out on weekends during the maintenance window of 10.00 pm to 2.00 am UK time; and

(b)

unscheduled maintenance performed outside 9 am to 5 pm in the UK (Normal Business Hours), provided that the Licensor has used reasonable endeavours to give the Customer at least 6 Normal Business Hours' notice in advance.

1.4

You shall:

(a)

provide the Licensor with:

(i)

all necessary co-operation in relation to this Licence; and

(ii)

all necessary access to such information as may be required by the Licensor,

to the extent required to provide the Services, Software and Documents including but not limited to Licensee Data, security access information and configuration services;

(b)

without affecting your other obligations under this Licence, comply with all applicable laws and regulations with respect to your activities under this Licence; and

(c)

ensure that your network and systems comply with the relevant specifications provided by the Licensor from time to time.

1.5

You shall have sole responsibility for the legality, reliability, integrity, accuracy and quality of all Licensee Data. You hereby license us to use the Licensee Data for:

(a)

the proper performance of the Services, including the provision of the Software and the Documents;

(b)

the purposes set out in our Privacy Notice as described in condition 9; and

(c)

all other purposes relevant to the proper exercise of our rights and obligations under this Licence.

1.6

You undertake that:

(a)

the maximum number of Authorised Users that you authorise to access and use the Services, Software and the Documents shall not exceed the number of User Subscriptions you have purchased from time to time;

(b)

you will not allow or suffer any User Subscription to be used by more than one individual Authorised User unless it has been reassigned in its entirety to another individual Authorised User, in which case the prior Authorised User shall no longer have any right to access or use the Services, Software and/or Documents;

(c)

you shall permit the Licensor or the Licensor's designated auditor to audit the Services to verify that your use of the Services, Software and Documents does not exceed the total number of User Subscriptions purchased. This audit may take place physically on the Licensee's premises, or remotely, at the Licensor's option, and the Licensor may deploy reasonable online audit tools via the Services for these purposes;

(d)

you shall supervise and control use of the Services, Software and Documents and ensure they are used by your employees and representatives only in accordance with the terms of this Licence; and

(e)

you shall comply with all applicable technology control or export laws and regulations.

2.

PAYMENT OF FEES

2.1

If we have not received payment of the applicable fees as set out in the Order Form for the Services (Fees) within seven (7) days from the Order Form Effective Date (as defined in the Order Form) we shall be under no obligation to provide any or all of the Services.

2.2

We reserve the right to change the fees or applicable charges and to institute new charges and fees (Adjusted Fees) at the end of the first annual term for this Licence or the then-current renewal term, upon ninety (90) days prior notice to you (which may be sent by email).

2.3

All payments made under this Licence shall be transferred into our bank account, details of which will be provided by us to you via the Order Form or the Documents. You shall be responsible for all bank exchange and transfer fees.

2.4

Subject to valid cancellation by either you or us pursuant to clause 1 of the Order Form or clause 7 below, on each anniversary of the execution of this Licence, the Adjusted Fees are payable in respect of the Renewal Period (as defined in the Order Form). If we have not received payment by the relevant anniversary of the Order Form Effective Date for the next Renewal Period, we may, by notice to you and without liability to you, immediately disable your password(s), account and access to all or part of the Services and we shall be under no obligation to provide any or all of the Services while the Adjusted Fees for the Renewal Period remains unpaid.

2.5

All amounts and fees stated or referred to in this Licence:

(a)

shall be payable in pounds sterling;

(b)

are non-cancellable and non-refundable; and

(c)

are exclusive of value added tax and bank charges, which shall be added to our invoice(s) at the appropriate rate.

2.6

If you believe that we have billed you incorrectly, you must contact us no later than sixty (60) days after the due date for the payment in respect of which the error or problem appears to have occurred, in order to receive an adjustment or credit. Inquiries should be directed to our customer support department.

3.

RESTRICTIONS

3.1

Except as expressly set out in this Licence or the Order Form or as permitted by any local law which is incapable of exclusion by agreement between the parties, you shall not:

(a)

attempt to copy, modify, duplicate, create derivative works from, frame, mirror, republish, download, display, transmit, or distribute all or any portion of the Software, Services and/or Documents (as applicable) in any form or media or by any means; or

(b)

attempt to de-compile, reverse compile, disassemble, reverse engineer or otherwise reduce to human-perceivable form all or any part of the Software or Services;

(c)

access all or any part of the Services, Software or Documents to build a product or service which competes with the Services, Software or the Documents;

(d)

use the Services, Software or Documents to provide services to third parties;

(e)

license, sell, rent, lease, transfer, assign, distribute, display, disclose, or otherwise commercially exploit, or otherwise make the Services, Software or Documents available to any third party except the Authorised Users; or

(f)

attempt to obtain, or assist third parties in obtaining, access to the Services, Software or Documents, other than as provided under this Licence.

3.2

You shall not use the Services to:

(a)

distribute or transmit to the Licensor any Viruses or Vulnerability and shall implement procedures in line with Good Industry Practice to prevent such distribution or transmission;

(b)

store, access, publish, disseminate, distribute or transmit any material which:

(i)

is unlawful, harmful, threatening, defamatory, obscene, infringing, harassing or racially or ethnically offensive;

(ii)

facilitates illegal activity;

(iii)

depicts sexually explicit images;

(iv)

promotes unlawful violence;

(v)

is discriminatory based on race, gender, colour, religious belief, sexual orientation, disability; or

is otherwise illegal or causes damage or injury to any person or property.

3.3

You represent, covenant, and warrant that you will use the Services only in compliance with our standard published policies then in effect and all applicable laws and regulations. You hereby agree to indemnify and hold us harmless against any damages, losses, liabilities, settlements and expenses (including without limitation costs and lawyers’ fees) in connection with any claim or action that arises from an alleged violation of the foregoing or otherwise from your use of the Services. Although we have no obligation to monitor your use of the Services, we may do so and may prohibit any use of the Services we believe may be (or alleged to be) in violation of the foregoing.

4.

INTELLECTUAL PROPERTY RIGHTS

4.1

You acknowledge that all intellectual property rights in the Services, Software and Documents anywhere in the world belong to us or our licensors, that rights in the Services, Software and Documents are licensed (not sold) to you, and that you have no rights in, or to, the Services, Software or the Documents other than the right to use them in accordance with the terms of this Licence.

4.2

You acknowledge that you have no right to have access to any Software in source code form.

5.

INDEMNITY

5.1

You shall defend, indemnify and hold us harmless against claims, actions, proceedings, losses, damages, expenses and costs (including without limitation court costs and reasonable legal fees) arising out of or in connection with your use of the Services, provided that:

(a)

we give you prompt notice of any such claim;

(b)

we provide reasonable co-operation to you in the defence and settlement of such claim, at your expense; and

(c)

you are given sole authority to defend or settle the claim.

6.

LIMITATION OF LIABILITY

6.1

You accept responsibility for the selection of the Services to achieve your intended results and acknowledge that the Services, Software and Documents have not been developed or designed to meet or support any individual requirements you have, including any particular cybersecurity requirements you might be subject to, or any regulated activity that you may be engaged in, including the provision of an online intermediation service, an online search engine or service that facilitates online interaction between users (such as, but not limited to, a social media platform) (each a Regulated Activity). If you use the Services for any Regulated Activity you agree to comply with any requirements that apply to such Regulated Activity from time to time (including in any jurisdiction in which you operate or where the Regulated Activity is undertaken) and you shall defend, indemnify and hold us harmless against any loss or damage (including regulatory fines or penalties) costs (including legal fees) and expenses which we may suffer or incur as a result of your breach of this clause 6.1. You assume sole responsibility for results obtained from the use of the Services by you, and for conclusions drawn from such use. We shall have no liability for any damage caused by errors or omissions in any Licensee Data, information, instructions or scripts provided to us by you in connection with the Services, or any actions taken by us at your direction

6.2

We only supply the Services, Software and Documents for internal use by your business, and you agree not to use the Services, Software or Documents for any resale purposes.

6.3

We shall not in any circumstances whatever be liable to you, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, arising under or in connection with the Licence for:

(a)

loss of profits, sales, business, or revenue;

(b)

business interruption;

(c)

loss of anticipated savings;

(d)

wasted expenditure;

(e)

loss or corruption of data or information;

(f)

loss of business opportunity, goodwill or reputation,

(g)

where any of the losses set out in condition 6.3(a) to condition 6.3(f) are direct or indirect; or

(h)

any special, indirect or consequential loss, damage, charges or expenses.

6.4

Other than the losses set out in condition 6.3 (for which we are not liable), our maximum aggregate liability under or in connection with this Licence whether in contract, tort (including negligence) or otherwise, shall in all circumstances be limited to the greater of £25,000 and fifty per cent (50%) of the total amount of the annual licence fee paid for the year in respect of which the relevant breaches occurred. This maximum cap does not apply to condition 6.5.

6.5

Nothing in this Licence shall limit or exclude our liability for:

(a)

death or personal injury resulting from our negligence;

(b)

fraud or fraudulent misrepresentation; or

(c)

any other liability that cannot be excluded or limited by English law.

6.6

This Licence sets out the full extent of our obligations and liabilities in respect of the supply of the Services, Software and Documents. Except as expressly stated in this Licence, there are no conditions, warranties, representations or other terms, express or implied, that are binding on us. Any condition, warranty, representation or other term concerning the supply of the Services and Documents which might otherwise be implied into, or incorporated in, this Licence whether by statute, common law or otherwise, is excluded to the fullest extent permitted by law.

7.

TERMINATION

7.1

Without affecting any other right or remedy available to it, either you or we may terminate this Licence with immediate effect by giving written notice to the other if:

(a)

either you or we fail to pay any amount due under this Licence on the due date for payment and remain in default not less than seven days after being notified in writing to make such payment; and

(b)

you or we commit a material breach of any other term of this Licence and (if such breach is remediable) fails to remedy that breach within a period of seven days after being notified in writing to do so.

7.2

All sections of this Licence which by their nature should survive termination will survive termination, including, without limitation, accrued rights to payment and limitations of liability.

7.3

On termination for any reason:

(a)

all rights granted to you under this Licence shall cease;

(b)

you must immediately cease all activities authorised by this Licence;

(c)

you must immediately and permanently delete or disable interfaces to the Services from all computer equipment in your possession, and immediately destroy, delete or return to us (at our option) all copies of the Documents and Software then in your possession, custody or control and, in the case of destruction or deletion, certify to us that you have done so;

(d)

we may destroy or otherwise dispose of any of the Licensee Data in our possession unless we receive, no later than ten days after the effective date of the termination of this Licence, a written request for the delivery to you of the then most recent back-up of the Licensee Data. We shall use reasonable commercial endeavours to deliver the back-up to you within thirty (30) days of receipt of such a written request, provided that you have, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not due at the date of termination). You shall pay all reasonable expenses incurred by us in returning or disposing of Licensee Data; and

(e)

any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination shall not be affected or prejudiced.

8.

COMMUNICATIONS BETWEEN US

8.1

We may update the terms of this Licence at any time on notice to you in accordance with this condition 8. Your continued use of the Services, Software and Documents following the deemed receipt and service of the notice under condition 8.3 shall constitute your acceptance to the terms of this Licence, as varied. If you do not wish to accept the terms of the Licence (as varied) you must immediately stop using and accessing the Services, Software and Documents on the deemed receipt and service of the notice.

8.2

If we have to contact you, we will do so by email or by pre-paid post to the address you provided in the Order Form.

8.3

Any notice:

(a)

given by us to you will be deemed received and properly served 24 hours after it is first posted on our website, 24 hours after an email is sent, or three days after the date of posting of any letter; and

(b)

given by you to us will be deemed received and properly served 24 hours after an email is sent, or three days after the date of posting of any letter.

8.4

In proving the service of any notice, it will be sufficient to prove, in the case of posting on our website, that the website was generally accessible to the public for a period of 24 hours after the first posting of the notice; in the case of a letter, that such letter was properly addressed, stamped and placed in the post to the address of the recipient given for these purposes; and, in the case of an email, that such email was sent to the email address of the recipient given for these purposes.

9.

EVENTS OUTSIDE OUR CONTROL

9.1

We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under this Licence that is caused by an Event Outside Our Control. An Event Outside Our Control is defined below in condition 9.2.

9.2

An Event Outside Our Control means any act or event beyond our reasonable control, including without limitation failure of public or private telecommunications networks.

9.3

If an Event Outside Our Control takes place that affects the performance of our obligations under this Licence:

(a)

our obligations under this Licence will be suspended and the time for performance of our obligations will be extended for the duration of the Event Outside Our Control; and

(b)

we will use our reasonable endeavours to find a solution by which our obligations under this Licence may be performed despite the Event Outside Our Control.

10.

HOW WE MAY USE YOUR PERSONAL INFORMATION

10.1

Under data protection legislation, we are required to provide you with certain information about who we are, how we process the personal data of those individuals who use the Services, Software and the Documents and for what purposes and those individuals' rights in relation to their personal data and how to exercise them. This information is provided in Privacy Notice and it is important that you read that information.

11.

OTHER IMPORTANT TERMS

11.1

We may transfer our rights and obligations under this Licence to another organisation, but this will not affect your rights or our obligations under this Licence.

11.2

You may only transfer your rights or your obligations under this Licence to another person if we agree in writing.

11.3

This Licence and any document expressly referred to in it constitutes the entire agreement between us and supersedes and extinguishes all previous and contemporaneous agreements, promises, assurances and understandings between us, whether written or oral, relating to its subject matter.

11.4

You acknowledge that in entering into this Licence you do not rely on and shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this Licence or any document expressly referred to in it.

11.5

You agree that you shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this Licence or any document expressly referred to in it.

11.6

A waiver of any right or remedy is only effective if given in writing and shall not be deemed a waiver of any subsequent right or remedy.

11.7

A delay or failure to exercise, or the single or partial exercise of, any right or remedy shall not waive that or any other right or remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy.

11.8

Each of the conditions of this Licence operates separately. If any court or competent authority decides that any of them are unlawful or unenforceable, the remaining conditions will remain in full force and effect.

11.9

This Licence, its subject matter and its formation (and any non-contractual disputes or claims) are governed by English law. We both irrevocably agree to the exclusive jurisdiction of the courts of England and Wales.