CFIC WEBSITE TERMS
CROWD FUNDING INTERNATIONAL CORP (CFIC)
CODE OF CONDUCT - WEBSITE USE AND VISITOR CONTRIBUTIONS
USER CODE OF CONDUCT
CFIC would like all of our Website visitors to have an interesting, pleasant and safe experience. To that end, all site users and any contributions made to the site must be in compliance with this Code of Conduct. Your use of the website signifies that you accept and commit to comply with this Code of Conduct, which supplements and forms part of the Website Terms, along with the Funder Terms of Business, Risk Disclosure and Privacy Policy. All of these documents are accessible by clicking on the link in the Legal Area section at the bottom of the website.
For the purposes of this Code of Conduct, “contribution” signifies any material uploaded or posted to our website by a member of the public, including without limitation any text, graphics, photographs, audio or video material.
Should you have a reasonable belief that any contribution to the CFIC Platform made by another user breaches this Code of Conduct and/or any of the Website Terms, please notify us by email to info@cfic.ai.
USER CONTRIBUTIONS
To ensure it is in compliance with our Code of Conduct, your contribution:
USER CONTENT: FORUM AND COMMENTS, POSTING OF QUESTIONS AND RESPONSES
In any and all forums, please be advised that when the initial post in a thread is removed, all of the related responses may also be deleted automatically. Therefore, some of your posts may be deleted if they were posted as a reply to a post which was not in compliance with our Code of Conduct. Maintaining the content of your posts within these regulations will ensure that your posts won’t be deleted from the forums, and make sure that the posts of others remain as well.
Without limiting the abovementioned, where you are a user or consumer of our Platform and are posting a submission in the form of ratings, reviews, questions, replies or otherwise (“User Content”), you agree, in addition to restrictions detailed elsewhere in these Rules, to refrain from uploading, posting, transmitting, publishing, distributing or otherwise providing any User Content which:
BUSINESS LISTINGS
To provide a stable and secure environment, we may also restrict the uploading of Business Listings that seem probable to embarrass, harass, offend or upset other site users.
BREACH OF THE CODE OF CONDUCT
The decision as to whether a breach of this Code of Conduct has occurred remains in the sole discretion of CFIC. We reserve the right, but assume no obligation, to edit, decline to post, or to delete any contribution, in whole or in part, which we deem to be in contravention of the Code of Conduct. If we believe that a breach of the Code of Conduct has occurred, we may take any action that we believe is appropriate under the circumstances.
MODERATION
The CFIC platform is moderated and will be checked by CFIC to ensure compliance with these Rules of Code of Conduct. Though the Platform is moderated, we assume no obligation to you or any individual to moderate, monitor, edit, oversee or screen the Platform, User Content, or any other service we provide on our site. We reserve the right to cease moderating the Platform at any time.
ACTION IN RESPECT OF BREACH
Failure to abide by this Code of Conduct constitutes a material breach of the Website Terms, which may result in CFIC taking any of the following actions:
CFIC excludes liability for actions taken in response to breaches of this Code of Conduct. The responses described in this policy are not limited, and we may take any other action which we deem reasonably appropriate.
OUR RIGHT TO UTILIZE USER CONTENT
With regards to User Content, you grant us and our affiliates a royalty-free, transferable, perpetual, right to use, reproduce, adapt, modify, host, communicate, deliver, translate, publish, distribute, create derivative works from and publicly display, internationally and in any media, now known or hereafter devised, any name and details contained within User Content, or otherwise submitted in connection with such User Content. You agree and understand that User Content is non-proprietary and non-confidential. Furthermore, you consent to waive any moral rights or similar rights that you may have or may acquire in the future in that User Content in our favor. You are solely responsible for creating backup copies of, and replacing any, User Content you post or store on our site at your sole cost and expense.
AMENDMENTS TO THESE RULES
CFIC may change these Rules at any time. It is your sole responsibility to periodically check these Rules to ensure you are aware of any amendments we make, as they are legally binding on you.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - FUNDER TERMS OF BUSINESS
The Funder Terms of Business (“Funder Terms”) are made and entered into between Crowd Funding International Corp ("CFIC," "we," or "us") and you as a potential Funder (“you” or “Funder”). These Terms will apply to all transactions by which you commit to Fund Businesses (“Businesses”) by Businesses, as defined below, seeking to raise capital in return for the issuance to you, directly or indirectly, of Fundings listed on the CFIC website (the “Website”). Prior to registering as a Funder, you must read and agree to all of the terms and conditions within, and linked to, these Funder Terms, including the CFIC Terms of Use covering use of the Website, the CFIC Privacy Policy and the CFIC Risk Disclosure.
1. Listings
Business Fundings will be listed and funded through the Website in relation to Business Funding Listings submitted by start-up and medium sized companies and their owners (collectively, the “Businessess” and each, a “Business”), with each such Business Listing being presented according to the terms, conditions and disclosures (including risk factor disclosures) for that specific Business (the "Business Funding Terms"). For the purposes of these Businesses, Business Funding Terms include the following without limitation, all of which can be accessed through a link on the Business Listing on the Website:
You agree to thoroughly review, and ensure that you understand and agree with, the Business Funding Terms for any Business prior to funding. You recognize that every Business involves a high degree of risk and that by committing capital to any Business Funding (such amounts, “Commitments”) you affirm that you are able and prepared to bear the risk of loss of your entire Commitment(s).
2. Restrictions and Limitations on Resale of Business Fundings
You concede that no registration statement has been, or will be, filed with the United States Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), with regard to any Business Funding. You also affirm that the offer of funding in relation to any Business has not been registered or approved by any securities authorities in any jurisdiction. You affirm that you are legally authorized and able to participate in Business Fundings pursuant to the Business in accordance with the laws and regulations of your jurisdiction of residence. You acknowledge that any Business Funding by any Business is made only in those jurisdictions where such an offer can legally be extended.
Any Fundings that you make in association with a Business Listing may be subject to selling restrictions in some jurisdictions. CFIC bears no liability or responsibility should any selling restrictions apply, whether those restrictions are due to any failure of a Business to register the Funding or otherwise.
You acknowledge that the offer contained herein has been made on a private basis between you and the Business via the website. You accept that none of the Business Fundings offered by Businesses will be listed on any securities exchange, that no trading market exists, that it is uncertain if any active trading market will ever develop, that any trading must be conducted in accordance with applicable securities laws, and that you should thus be prepared to accept the possibility of having to hold indefinitely.
3. Funder Registration
When you register as a Funder on the Website, you must also read and consent to all of the terms and conditions in the CFIC Terms of Use (which govern use of the CFIC.ai Website), the CFIC Privacy Policy and the CFIC Risk Disclosure (collectively, the CFIC “Terms and Conditions”), all of which are accessible through the links following these Funder Terms and the links at the foot of the Website home page. By registering as a Funder to become eligible to make Commitments related to the Businesses listed on the Website, you agree to comply with, and be subject to, all of the provisions of these Funder Terms and the CFIC Terms and Conditions.
When registering as a Funder, you must provide certain information that will be utilized by administrators acting on our behalf to complete a Know-Your-Client check for the purpose of enforcing anti-money laundering rules and regulations and to ultimately register your interest. By registering, you certify, represent and warrant that you are resident at the residence address you have provided and that details of your nationality and other information are accurate. At present, only non-US persons (persons who are not citizens or residents of the U.S., any corporation, partnership or other entity created or organized in or under the laws of the U.S. or any person falling within the definition of the term “U.S. Person” under Regulation S adopted by the Securities and Exchange Commission of the U.S. on 24th April 1990, as amended from time to time) are permitted to register as Funders on the CFIC Website.
When you register as a Funder, you are required to provide deposit account information to facilitate electronic transfers of funds between the CFIC trust account (the "CFIC Trust Account") and your designated deposit account (the "Funder Deposit Account"). You will not earn interest on any funds held in your CFIC Funder Deposit Account. The CFIC Trust Account is an account established for the benefit of Funders and Businesses, and will hold all funds credited to Funder Accounts (as defined below) as well as fees, expenses, and other costs deposited and/or advanced by Businesses related to their Businesses and its listing on our website.
Any and all information that you are required to provide to facilitate your registration as a Funder will be handled according to the CFIC Privacy Policy. Periodically, and at our discretion, we may request that you update this information or confirm that it has not changed.
4. Funder Account Activation
When you apply to register as a Funder, we will request that you create a password to be used to access your account. You must keep this password confidential and safe, and never disclose it to others. We will advise you once the Know-Your Client check has been completed based on the information you have provided, and upon completion of this check, your registration as a Funder will be activated. At that time, you will be permitted to transfer funds to the CFIC Trust Account to be credited in your name (your “Funder Account”). Once funds are cleared in the CFIC Trust Account, you will be authorized to utilize the funds to make cash commitments (“Commitments”) to fund the Businesses listed on the Website. We reserve the right to limit the amount of funds that you are permitted to transfer to, or hold in, the CFIC Trust Account; we also have the right to accept or reject Commitments in whole or in part and/or limit the number of Commitments you are allowed to make in relation to any specific Businesses and in aggregate. We will make the abovementioned decisions and define any such limits at our sole discretion.
Funds credited to you in the CFIC Trust Account will remain at your sole disposal until a Commitment is made, at which time the Commitment amount will be held as further described in these Funder Terms. You are entitled to request withdrawal of funds available in your Funder Account, and subject to reasonable advance notice, the withdrawal will be completed by a transfer of funds to your Funder Deposit Account. LINK TO FEES
5. Commitment to Funding
Prior to making a Commitment in connection with any Business Funding, you must carefully read all information disclosed in relation to the Business, which includes information regarding the Business operations, as well as the various Business Funding Terms which include (without limitation), the percentage offered, the time period during which the Business Funding will be open (the “Business Funding Period”), the aggregate amount of funding being sought through the Business Funding (the “Funding Target”) and the proposed purpose of the funds. You may ask questions of the Business presenting the Business Funding regarding the Business Terms and any other information by submitting your questions in accordance with the instructions detailed on the Website.
You affirm and agree that a Business may modify the Business Funding Terms to be more beneficial to Funders (any such change, a “Beneficial Change”) at any time before the end of the Business Funding Period of their Business. Examples of a Beneficial Change would be an increase in Fundings offered, the percentage offered, or the offer of supplementary incentives such as free products. Businesses cannot alter the Business Funding Terms in any way that would result in a decrease in the percentage or number of Fundings offered, or in any other way that would decrease the benefit received by any Funder.
By making a Commitment in connection with any Business Funding, you represent and warrant that you have reviewed and understood the Terms and Conditions and all the information disclosed with respect to the Business Funding, and have fully taken advantage of the opportunity to question any information about which you are uncertain. Once you have made a Commitment related to any Business, the amount of such Commitment will be credited to the Business and deducted from the available balance of your Funder Account, and you will be deemed to have accepted and agreed to the Business Funding Terms. Once your Commitment has been so credited, you may only withdraw or cancel the Commitment, or reduce the amount of the Commitment, in the following circumstances:
BY MAKING A COMMITMENT IN CONNECTION WITH A BUSINESS, YOU IRREVOCABLY COMMIT TO FUNDING IN THE AMOUNT OF YOUR COMMITMENT (SUBJECT TO DEDUCTION OF THE CFIC FEE AND THE ADMINISTRATION FEE, AS DEFINED HEREIN), AND YOU AUTHORIZE PAYMENT FOR YOUR FUNDING, THE CFIC FEE AND THE ADMINISTRATION FEE TO BE DRAWN FROM THE CFIC TRUST ACCOUNT; PROVIDED, HOWEVER, THAT THE FUNDING AND THE FOREGOING DRAWS SHALL TAKE PLACE ONLY IF THE FUNDING TARGET IS MET DURING THE STATED FUNDING PERIOD OR EXTENDED FUNDING PERIOD AND CLOSING IN RESPECT OF THE BUSINESS FUNDING OCCURS. CFIC DOES NOT GUARANTEE OR WARRANT THAT ANY COMMITMENT MADE IN CONNECTION WITH A BUSINESS WILL RESULT IN A CLOSING OF FUNDINGS TO YOU AND WILL HAVE NO LIABILITY IF ANY BUSINESS FAILS TO REACH ITS FUNDING TARGET, FAILS TO PROCEED TO CLOSING OR IS OTHERWISE TERMINATED. LINK TO FEES
6. Funding Agreement and Closing
(a) Once the Funding Target is achieved, and subject to any additional verification considered appropriate by CFIC, the Funding Agreement posted for the Business (the “Funding Agreement”) will come into full force and effect and will govern the relationship between the Business and the Funders in the Business (or the SPE acting for their account, if any). Though CFIC may be a party to this Funding Agreement for administrative purposes, the Funder affirms and agrees that CFIC will have no liability or responsibility for any rights or obligations contained in the Funding Agreement. Additionally, CFIC is not obligated to become involved in disputes between the Funders and the Business over enforcement of the Funding Agreement and will not act in any capacity to defend or indemnify the Funders against any default or breach by the Business. In spite of this limitation, it is in CFIC’s interest to ensure that Businesses act in a legal manner and for the benefit of the Funders, and we will thus make reasonable efforts to assist Funders should any breach or default by a Business occur.
(b) Once the Funding Target for a Business is achieved and the Funding Agreement comes into effect, as soon as is reasonably feasible, the Fundings shall be issued to the Business (“Closing”), either directly or through a special purpose entity (“SPE”), as further described in the Business Terms. Should an SPE be used, the Business Fundings will be issued to the SPE (acting for the account of the Funders collectively), and SPE Fundings (or similar instruments) will be issued to the Funders upon Closing, in the proportion of their Commitments to the Business Funding. SPE Fundings are usually non-voting Fundings representing proportionate economic interests in the assets of the SPE (i.e., the Business Fundings).
7. Trust Account Disbursements
The collective amount of Commitments made in connection with a Business Funding will be disbursed from the CFIC Trust Account in the following manner, contingent on whether the Business Funding proceeds to Closing (as defined above) or is terminated:
(a) If the Business Funding proceeds to Closing, then, upon the occurrence of Closing, all facilitation fees, platform fees and a third-party administration fee (the “Administration Fee”), along with other fees, costs and expenses deposited by the Funders, shall be transferred from the CFIC Trust Account to a deposit account(s) designated for that purpose by CFIC, and the net amount of the funds remaining in the Trust Account will be transferred from the CFIC Trust Account ultimately to a deposit account designated for that purpose by the Business. LINK TO FEES
(b) If the Business Funding is terminated because the Funding Target has not been achieved before the end of the Business Funding Period, or if the Business Funding is otherwise terminated in accordance with the terms of the Business Funding or the terms of the Funding Agreement, any Commitment made in relation to the Business will be canceled and funds in the amount of your Commitment will be promptly credited back to the Funder Account, without interest.
8. No Advisory Relationship
You accept and acknowledge that:
9. No Financial, Legal, Tax Advice, Financial Promotion or Underwriting Services.
CFIC does not, and will not at any time, provide any legal, financial, tax or funding advice and nothing on the Website or in the information provided in relation to any Business Listing shall be interpreted or construed as legal, financial, tax or funding advice. You must consult with licensed legal, financial, and tax professionals or advisors for any legal, financial or tax advice that you require. CFIC is not a broker, dealer or underwriter in securities and will not represent, underwrite or sponsor any Business. CFIC acts only as a platform provider. All services provided by CFIC are intended to facilitate use of the Website only, and shall not be construed in any other manner.
10. CFIC's Right to Verify Information and Terminate Listings.
(a) CFIC reserves the right to verify the completeness and accuracy of all information submitted by Businesses and Funders in relation to Business Listings. CFIC also reserves the right to determine in its reasonable discretion if a registered user has used, or is using, the Website illegally or in violation of any order, writ, injunction or decree of any court or governmental instrumentality, for purposes of fraud or deception, or otherwise in a manner inconsistent with the provisions of these Funder Terms or not in accordance with any other CFIC Terms and Conditions. CFIC may conduct a review at any time, before, during or after the making of a Commitment in connection with a Business or before or after the Closing of any Business Funding. You agree to respond promptly to CFIC’s requests for information in connection with your registration and accounts with CFIC and your Commitments made in connection with any Business Funding.
(b) At any time before the Closing of a Business Funding, CFIC may, in its sole discretion, delay the Closing in order to enable CFIC to perform a pre-closing review to confirm the accuracy of information provided by the Business and Funders and to assess if there are any irregularities with regard to the Business or the Commitments made in connection with the Business. CFIC may cancel or proceed with the Closing, contingent upon the results of its pre-closing review. Should the Business Funding be canceled, the Business Listing will be removed from the Website, all Commitments made in connection with the Business will be canceled, and the related funds will be returned to each Funder Account.
(c) Notwithstanding the aforementioned or anything to the contrary in these Funder Terms, you acknowledge and agree that CFIC has no responsibility to check or verify any of the information included in any Business Listing and shall have no liability for any false, misleading, deceptive or inaccurate material included in any Business. CFIC shall further have no liability or responsibility in respect of any Business Funding or Commitments made in connection with any Business Funding that are not compliant with applicable laws.
11. No Assurance of any Return on Funding or Guarantee on Capital
CFIC DOES NOT WARRANT OR GUARANTEE ANY RETURN ON YOUR CAPITAL THAT YOU COMMIT TO ANY BUSINESS FUNDING ON THE CFIC WEBSITE. CFIC DOES NOT WARRANT OR GUARANTEE THAT YOU WILL EVER BE ABLE TO RESELL YOUR INTEREST IN SUCH FUNDINGS, THAT YOU WILL BE ABLE TO RECOUP ALL OR ANY PART OF THE FUNDINGS, OR THAT YOU WILL EVER MAKE A PROFIT.
12. Usage Restrictions
Except as provided in Section 16(c) below, you are not permitted or authorized to use the CFIC Website to make Commitments in connection with Business Fundings for anyone other than yourself. You must be the named account holder or beneficiary of the Funder Deposit Account you designate for electronic transfers of funds, with authority to direct that funds be transferred to or from that account. CFIC may in its sole discretion, with or without cause and with or without notice, restrict your access to the CFIC Website.
13. Suitability Representations and Warranties
By making a Commitment in respect of any Business Funding, you represent and warrant that you satisfy all applicable suitability requirements and other requirements to fund that Business. You also agree to provide any additional documentation reasonably requested by us to confirm that you meet applicable suitability standards. However, it is your responsibility to ensure that you meet suitability standards and we will not be liable in the event that you are subsequently deemed not to.
14. Other Representations and Warranties
As of the date of these Funder Terms and as of any date that you make a Commitment in connection with any Business, you warrant and represent to CFIC that:
(a) You have the legal competence and capacity to perform and execute these Funder Terms, and that you have duly authorized, executed and delivered these Funder Terms;
(b) With respect to these Funder Terms, you have acted in accordance with in all material respects with applicable laws; and
(c) If you are entering into these Funder Terms on behalf of a corporation, partnership, limited liability company, trust, or other entity ("institution"), you warrant and represent that
(i) you have all necessary power and authority to execute and perform these Funder Terms on said institution's behalf;
(ii) the execution and performance of these Funder Terms will not violate any provision in the institution's certificate of organization, memorandum and articles of association, by-laws, indenture of trust, partnership agreement, or other constituent agreement or instrument governing the formation or administration of your institution; and
(iii) The performance and execution of these Funder Terms will not constitute or result in a default or breach under, or conflict with, any order, ruling or regulation of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking to which the institution is a party or by which it is bound.
15. Prohibited Activities
You affirm that you will not do the following in connection with any Business Funding, any Commitment made in respect of a Business Funding, or any other transaction involving or potentially involving CFIC or any Business or any Business Listing or the CFIC Website;
(a) Represent yourself to any person as a director, officer or employee of CFIC or of any Business or Listed Business unless you are such director, officer or employee;
(b) Propose or agree to accept any fee, bonus, kickback or other thing of value of any kind in exchange for your agreement to fund Businesses on the CFIC Website;
(c) Engage in any activities that require a license under any applicable law or regulation in connection with any Business Funding on the CFIC Website; or
(d) Violate any applicable laws, including but not limited to, securities laws applicable in your Jurisdiction, the Business’s jurisdiction or in any jurisdiction in which CFIC operates.
16. Termination of Account/Registration
CFIC may, with or without cause and in its sole discretion, terminate your registration and these Funder Terms by giving you notice as detailed below. Furthermore, upon our reasonable determination that you have violated the provisions of Section 18, have made a material misrepresentation in connection with these Funder Terms or application to register as a Funder, or have otherwise failed to abide by the terms of these Funder Terms, CFIC may immediately and without notice, in its sole discretion, perform one or more of the following actions:
(a) Suspend or terminate your right to make Commitments in connection with Business Fundings or otherwise use the CFIC Website; or
(b) Terminate these Funder Terms and your registration with CFIC.
Upon termination of these Funder Terms and your registration with CFIC, any Commitments you have made shall terminate and will be cancelled immediately, but your right under these Funder Terms to interests in any Fundings purchased prior to the effective date of the termination shall not be affected by the termination.
17. Indemnification
In addition to your indemnification responsibilities set forth in the CFIC Terms of Use, you agree to indemnify, defend, protect and hold harmless CFIC and its officers, directors, stockholders, employees and agents against all claims, liabilities, actions, costs, damages, losses, demands and expenses of every kind, known or unknown, contingent or otherwise:
(i) resulting from any material breach of any obligation you undertake in these Funder Terms, including but not limited to your obligation to comply with any applicable laws; or
(ii) resulting from your acts, omissions and representations (and those of your employees, agents or representatives) relating to CFIC. Your obligation to indemnify CFIC shall survive termination of these Funder Terms, regardless of the reason for termination.
18. CFIC’s Right to Alter Terms
We may modify these Funder Terms or the CFIC Terms and Conditions at any time. Should this occur, we will post the amended terms on the Website and notify you by email of any material changes. Modified terms take effect immediately for new registrants, and 5 Business days after posting for existing registrants. If you disagree with any alteration made, you must terminate your registration and use of the Services before the end of this period, or the amended terms will become effective and applicable to you. These Funder Terms may not otherwise be altered, except in writing and signed by CFIC and you.
You authorize CFIC to correct any obvious clerical errors found in information you provide to CFIC, without notice to you, although CFIC expressly assumes no responsibility to detect or correct such errors. These Funder Terms, along with the CFIC Terms and Conditions, represent the entire agreement between CFIC and you in regards to your participation as a prospective Funder on the CFIC Website, and supersede all prior or contemporaneous communications, promises and disclosures whether written, oral, or electronic, between CFIC and you with respect to your involvement as a prospective Funder on the CFIC Website.
19. Notices
All notices and other communications hereunder shall be posted on the Website or sent by email to your registered email address, and shall be deemed to have been duly given and effective upon posting or transmission. All required disclosures, notices, and other communications to you from the administrator, the bank or other party related to our services will be sent to you by email to your registered e-mail address. You also agree to notify us if your registered email address changes, and you agree to update your registered residence address on the Website if you change your residence. You may contact us by sending an email to info@cfic.ai.
20. Confidential Information
By entering into these Funder Terms, you agree not to disclose, except on a confidential basis to your legal and financial advisers exclusively for the purpose of rendering professional advice to you, any information which you receive or have received from CFIC or through the Website that relates to any Business Listing or relates to the Business of any Business ("Confidential Information"). You shall hold and maintain the Confidential Information in confidence for the benefit of the Business that provided such Confidential Information. Without such Business’s written approval in advance, you will not publish, copy, use for your own benefit, or otherwise disclose to others, or permit the use by others for their benefit or to the detriment of the issuer, any Confidential Information.
The term "Confidential Information" does not include any information that, at any given time:
(a) Has been publicly disclosed by the issuer or by any third party through no fault of your own;
(b) You have received by some legitimate means other than from CFIC or its representatives or from the Business or its representatives; or
(c) The issuer has authorized you in writing to disclose.
21. Disclaimer
CFIC does not warrant, represent, covenant, guarantee or promise any specific results from the use of the CFIC Website or related services, including that any Commitment made in connection with any Business Funding will result in Closing of that Business Funding or that the interests in Fundings that are entered into pursuant to any Business will have any value. In addition, CFIC does not provide any legal, financial, tax or funding advice and has no responsibility with regard to the content, accuracy or completeness of any information offered in connection with a Listiing or otherwise on the Website.
EXCEPT FOR THE REPRESENTATIONS CONTAINED IN THESE FUNDER TERMS, THE WEBSITE, INCLUDING ANY CONTENT OR INFORMATION CONTAINED WITHIN IT OR ANY SERVICE OR ADVICE PROVIDED IN CONNECTION WITH THE CFIC SERVICES, AS WELL AS THE CFIC SERVICES THEMSELVES, ARE PROVIDED “AS IS” WITH NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON INFRINGEMENT. THE FUNDER ASSUMES TOTAL RESPONSIBILITY AND RISK FOR ITS USE OF THE WEBSITE AND THE RELATED SERVICES.
22. Limitation on Liability and Waiver
CFIC will not be liable to the Funder for any action, including any misinformation, fraud or failure to achieve Closing in relation to any Business Funding or any other action or wrongdoing engaged in by any Business or third party.
The Funder acknowledges that any and all decisions made with respect to Funding Listings are the Funders alone. CFIC cannot and will not verify the accuracy of information provided by Businesses or other users of the Website. CFIC will not be responsible or have any obligation or duty or liability for:
(a) Any interactions or decisions resulting directly or indirectly from involvement in the services offered on the Website,
(b) Any costs, damages, losses or expenses that any Funder sustains as a result, directly or indirectly, of making any Commitments in connection with any Business Funding. Furthermore, other than as expressly agreed in these Funder Terms, in no event will CFIC be liable to the Funder for any direct or indirect damages, costs, expenses or losses, including any lost capital, lost profits or special, incidental, consequential or punitive damages arising from the Funders use of the Website or participation in any related services.
With respect to the Website and related services, CFIC assumes no responsibility for any omission, error, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, any communications.
By using the Website and related services, you release CFIC from any liability whatsoever other than as explicitly accepted by CFIC in these Funder Terms, and waive any and all causes of action related to any claims, costs, injuries losses or damages of any kind arising out of or in connection with any use of the Website or any content posted on the Website or transmitted to, or any interactions between, you and any Business or third party user of the Website.
This limitation of liability and waiver shall be in addition to and shall not limit any other limitation of liability or waiver included in the CFIC Terms and Conditions.
23. Miscellaneous
You may not assign, sublicense, transfer, or otherwise delegate your rights under these Funder Terms to another person without CFIC’s prior written consent. Any such assignment, sublicense, transfer, or delegation in violation of this Section shall be null and void. These Funder Terms shall be governed in all aspects, including as to requirements of form, by the laws of Anguilla. You agree that any claim or dispute you may have against CFIC must be resolved in the courts of Anguilla, although CFIC reserves the right to bring proceedings against you for the breach of these Funder Terms in your country of residence or any other relevant country. Any waiver of a breach of any provision of these Funder Terms will not be a waiver of any other subsequent breach. Failure or delay by either party to enforce any term or condition of these Funder Terms will not constitute a waiver of said term or condition. If any part of these Funder Terms is determined to be invalid or unenforceable under applicable law, then the invalid or unenforceable provision will be deemed superseded by a valid enforceable provision that most closely matches the intent of the original provision, and the remainder of the Funder Terms shall continue to remain in effect. The parties agree to execute and deliver such further documents and information as may be required in order to achieve the purposes of these Funder Terms.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - RISK DISCLOSURE/FUNDING PRIVATE COMPANIES
All of the Businesses listed on the CFIC Website are private businesses. If you are contemplating funding private businesses, you are advised to consider the following risks:
Your Funding may decrease in value
The Businesses you fund through our Website are private start-up, early-stage or small to medium sized businesses that are seeking to launch a service or product and may not have an established track record.
Your Fundings are illiquid
There is no public market for private businesses, and there may never be a market. Consequently, you may be unable to sell, gain any profit, or even recover the original capital, from any of the Fundings you make.
Unlike public companies, private businesses are not required to report on their financial status
The Businesses that list on the CFIC Website make a commitment to us that they will update Funders regularly through our Website in regards to their performance. However, there is no guarantee that they will abide by this commitment, and we do not guarantee that action will be taken against them if they fail to do so.
Private businesses are not bound by the same regulatory requirements as a public company
When a business goes public, they must disclose certain information and abide by strict regulations regarding their activities, disclosure and corporate governance. The businesses listed on the CFIC Website are not bound by those regulations.
Voting rights
To understand what rights are being granted by the businesses you plan to fund, you are advised to read the terms of any disclosure thoroughly. CFIC will make every reasonable effort to make sure that businesses honor the terms of the listing after Closing of any Funding, but CFIC will not be liable to you for any failure by the Business to do so.
Listing Disclosure
A well prepared Listing will detail all risks and conflicts of interest in relation to the listing, the Business, and the Businesses operations. CFIC will guide the businesses to assist them in preparing fair and full disclosure of all risks in their Listing. We do not have the ability, however, to determine if all such risks have been fully disclosed or accurately described and will not assume any responsibility for any failure to do so. You should fully assess the risks attached to any funding prior to making any funding choices, and query any matters for which you feel that risk disclosure has not been adequately made.
BE AWARE THAT THE PAST RESULTS OF ANY FUNDING IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. YOU ARE ADVISED TO ONLY COMMIT MONEY THAT YOU CAN AFFORD TO LOSE TO ANY FUNDING ON OUR WEBSITE. FUNDING PRIVATE COMPANIES IS NOT FOR EVERYONE AND ENTAILS DIFFERENT RISKS THAN ARE ENCOUNTERED IN MORE TRADITIONAL FUNDINGS. PLEASE CONSULT YOUR ADVISORS FOR FUNDING AND TAX ADVICE PRIOR TO MAKING ANY DECISION. CFIC DOES NOT PROVIDE ANY FUNDING, TAX OR LEGAL ADVICE AND WILL NOT ASSUME ANY LIABILITY FOR ANY FUNDING, TAX OR LEGAL ISSUES IN CONNECTION WITH ANY FUNDING YOU CHOOSE TO MAKE.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - PRIVACY POLICY
Terms which are not otherwise outlined in this Privacy Policy will be defined in our Terms of Use.
This Privacy Policy applies only to information you share online through our Website. This Privacy Policy does not apply to any information you share offline, including with CFIC representatives or in the presence of CFIC representatives.
We know that your privacy is essential, and we take responsibility for your information seriously. This Privacy Policy details CFIC’s policies and procedures with regard to the collection, use and disclosure of your information when you utilize the CFIC Website, the CFIC Platform, or any of CFIC’s services. We will not use or disclose your information to anyone, except as detailed in this Privacy Policy.
Collection and Use of Information
CFIC utilizes the information we collect to evaluate how our services are used, diagnose technical or service issues, maintain security, personalize content, retain information to assist you in accessing your account, monitor aggregate metrics (i.e. traffic, total number of visitors, and demographic patterns), and track users and user content required for compliance with applicable laws.
User-Provided Information
If you register with CFIC, you provide us with personal information that includes, but is not limited to your name, address and email address. Your name and any other information you add to your profile may be available on the Website for public viewing. You also provide us with information by the user content you post on the Website. Your queries, answers and other contributions on the Website are publicly viewable on the Website, as well as you user name. Search engines may locate this information, which may cause it to be republished elsewhere on the internet.
Bank Account Information
Your bank account data may be retained on CFIC’s server. Any bank information submitted by you is not available to our general staff. Only upper management or those approved by upper management can access this information. All CFIC Website transactions will be bank to bank transactions, and only our respective banks and escrow administrators may access the detailed bank account information with regard to payments. The bank account information of Funders will at no time be accessible by Businesses.
Cookies
When you visit CFIC’s Website, one of more “cookies” (small data files) may be sent to your computer to uniquely identify your web browser and permit CFIC to assist you in logging in more quickly, and to enhance navigation through our site. Cookies have the ability to convey anonymous data about your browsing habits, but cannot collect personal information about you. A persistent cookie remains on your computer after your browser is closed so that it can be used by your browser on future visits to the Website. To remove persistent cookies, follow the instructions for your web browser. A session cookie is temporary and will disappear when you close your web browser. Your browser can be set to refuse all cookies, or to notify you when a cookie is being sent by a site. If the ability to accept cookies is disabled in your browser, however, some elements of the Website may not function correctly.
Log Files
Every time you access a web page, log file data is automatically reported by your browser. When you use CFIC’s service, our servers automatically record certain data that your browser sends whenever you visit any website. These server logs may include data like your Internet Protocol Address (IP), browser type, web request, referring/exit pages and URLs, domain names, number of clicks, landing pages, pages viewed, and other, similar data.
How We Share Your Information
Personally Identifiable Information
For the purposes of providing our services to you, CFIC may share your personally identifiable information with third parties. Should this occur, the third parties’ use of your data will be bound by this Privacy Policy. We may store personal information in locations outside of CFIC’s direct control (i.e. on databases or servers co-located with hosting providers). CFIC will not sell or rent your personal data to third parties. In the course of business development, we may elect to purchase or sell assets or business offerings. In these types of transactions, customer, email, and visitor data is usually one of the business assets transferred. We may also assign or transfer this information in the course of corporate divestitures, mergers, or dissolution.
We may disclose or share your information with your consent, such as if you elect to sign on to the Website through a third-party service. We cannot control the use of your information by third-parties.
CFIC may disclose your personal information if required to do so by law or subpoena, or if we believe it is reasonably necessary to comply with a regulation, law, or legal request; to protect the safety of any individual, to address security, fraud or technical issues; or to the rights or property of CFIC.
Non-Personally Identifiable Information
CFIC may share non-personally identifiable information with interested third parties to assist them in understanding usage patterns for specific CFIC services. Such information may include anonymous usage data, referring/exit Pages and URLs, platform types, number Of Clicks, and similar data.
CFIC may permit third-party ad servers or ad networks to serve advertisements on our Website. These third-party ad servers or ad networks utilize technology to send the ads and links that appear on the CFIC Website, directly to your browser. Your IP address is automatically received by these parties in the process. When this occurs, they may also use other technologies like JavaScript, Cookies, or Web Beacons to assess the efficiency of their ads and personalize their ad content.
CFIC will not share any personally identifiable data to these third-party ad servers or ad networks without your consent. Please be advised, however, that should an advertiser ask CFIC to show a particular advertisement to a specific audience and you respond to that ad, the advertiser or ad server may determine that you match their target audience description. The CFIC Privacy Policy does not apply to, and we cannot control the actions of, third-party advertisers. For more information, please consult the respective privacy policies of the specific advertisers.
How We Protect Your Information
To protect the security and integrity of your personal information, CFIC utilizes commercially reasonable physical, managerial, and technical safeguards. However, we cannot ensure or warrant the security of any information you submit or transmit to CFIC or guarantee that your data on the Website may not be altered, destroyed, accessed, or disclosed by breach of any of our physical, technical, or managerial safeguards. Should personal information be compromised due to a security breach, CFIC will promptly notify those individuals whose personal data is affected, in accordance with the notification procedures detailed in this Privacy Policy, or as otherwise required by applicable law.
Your Choices About Your Information
It is your right to decline to submit personally identifiable information through our Website. Unfortunately, this means that CFIC may be unable to provide you with some of its services. You can correct or update your account information and email preferences at any point by accessing your account. By default, you may receive periodic update emails from CFIC. You may choose to opt-out of the email mailing list at any time, and each email includes instructions on how to Unsubscribe.
Age Restrictions for Use
The CFIC Website is not intended for children, and is offered for use by adults only. CFIC does not want to collect any personal data on users under the age of 18. CFIC requests that parents not post, or allow others to post, any personally identifiable information regarding individuals under the age of 18.
Links to Other Web Sites
CFIC is not responsible for any practices engaged in by websites linked to or from the CFIC Website, or the content or information they contain. Please be aware that when you use a link to navigate from our Website to another website, our Privacy Policy ceases to apply. Your navigation and interactions on any other website, including those linked to our Website, is governed by the rules and policies of that website.
Privacy Policy Updates
Should CFIC modify our Privacy Policies and Procedures, we will post the alterations on this page to keep you informed on the information we collect, how it is used, and under what circumstances we may share it. Updates to this Privacy Policy are effective as of the date they are posted to this page. This Privacy Policy was last updated on December 14, 2014.
Should you have any questions about this Privacy Policy or our practices, please contact us by email at info@cfic.ai.
CROWD FUNDING INTERNATIONAL CORP (CFIC)
CODE OF CONDUCT - WEBSITE USE AND VISITOR CONTRIBUTIONS
USER CODE OF CONDUCT
CFIC would like all of our Website visitors to have an interesting, pleasant and safe experience. To that end, all site users and any contributions made to the site must be in compliance with this Code of Conduct. Your use of the website signifies that you accept and commit to comply with this Code of Conduct, which supplements and forms part of the Website Terms, along with the Funder Terms of Business, Risk Disclosure and Privacy Policy. All of these documents are accessible by clicking on the link in the Legal Area section at the bottom of the website.
For the purposes of this Code of Conduct, “contribution” signifies any material uploaded or posted to our website by a member of the public, including without limitation any text, graphics, photographs, audio or video material.
Should you have a reasonable belief that any contribution to the CFIC Platform made by another user breaches this Code of Conduct and/or any of the Website Terms, please notify us by email to info@cfic.ai.
USER CONTRIBUTIONS
To ensure it is in compliance with our Code of Conduct, your contribution:
- must not encourage illegal or anti-social activities. Contributions must not contain sexually explicit or violent material, or assist, advocate, or promote any illegal act (for example only) computer misuse or copyright infringement. Contributions must not be likely to upset, harass, embarrass, annoy or alarm any other individual.
- must not infringe upon the rights, including copyright, of any person or entity. Your contributions must not plagiarize or infringe the rights of anyone, including any trademark, copyright, database, trade secret, privacy, personal, proprietary or publicity rights of any kind. Therefore, with regard to existing articles, news reports, music, video clips or other copyright material you will generally need the explicit permission of the relevant copyright owners.
- must not contain objectionable or illegal content, nor involve any kind of offensive, disruptive, or abusive behavior. We request that users be civil and respectful to other users, even when you disagree with them. Any material which is illegal, defamatory, harassing, threatening, offensive, obscene, hateful, abusive, profane, inflammatory, religiously, racially or sexually offensive, illegal or in any way objectionable is expressly prohibited.
- must not contain irrelevant or inappropriate URLs or website addresses. Any links to pornography, commercial or other inappropriate content may be deleted.
- must not misrepresent their origins. Contributions and/or user names must not be used to impersonate any other individual, to misrepresent your identity or affiliation with any person, or to give the impression that they emanate from us if this is not the case.
- must not disclose any personal information. Contributions to the Website are publicly available and can be viewed by others to whom you may not want to disclose this information. Do not include any personal or personally identifiable information about yourself or other individuals, including your email address or that of any other person.
- must be written in English. We may remove any contributions posted in other languages.
- must not involve any spamming, advertising or flooding. Flooding refers to the practice of posting the same comment repeatedly in the same forum. Spamming signifies the posting of the same or very similar comment to multiple forums. Any and all advertisements, junk mail, chain letters, pyramid schemes and any additional forms of commercial solicitation are expressly prohibited.
USER CONTENT: FORUM AND COMMENTS, POSTING OF QUESTIONS AND RESPONSES
In any and all forums, please be advised that when the initial post in a thread is removed, all of the related responses may also be deleted automatically. Therefore, some of your posts may be deleted if they were posted as a reply to a post which was not in compliance with our Code of Conduct. Maintaining the content of your posts within these regulations will ensure that your posts won’t be deleted from the forums, and make sure that the posts of others remain as well.
Without limiting the abovementioned, where you are a user or consumer of our Platform and are posting a submission in the form of ratings, reviews, questions, replies or otherwise (“User Content”), you agree, in addition to restrictions detailed elsewhere in these Rules, to refrain from uploading, posting, transmitting, publishing, distributing or otherwise providing any User Content which:
- impedes or restricts any other individual from accessing, using or enjoying our platform.
- falsifies information to disguise or impersonate the origin of any User Content or otherwise misrepresents your affiliation with an individual or entity.
- is not related to the subject of the relevant interactive area or the topic of the User Content.
- incites or encourages any other individual to engage in any of the above behavior.
BUSINESS LISTINGS
To provide a stable and secure environment, we may also restrict the uploading of Business Listings that seem probable to embarrass, harass, offend or upset other site users.
BREACH OF THE CODE OF CONDUCT
The decision as to whether a breach of this Code of Conduct has occurred remains in the sole discretion of CFIC. We reserve the right, but assume no obligation, to edit, decline to post, or to delete any contribution, in whole or in part, which we deem to be in contravention of the Code of Conduct. If we believe that a breach of the Code of Conduct has occurred, we may take any action that we believe is appropriate under the circumstances.
MODERATION
The CFIC platform is moderated and will be checked by CFIC to ensure compliance with these Rules of Code of Conduct. Though the Platform is moderated, we assume no obligation to you or any individual to moderate, monitor, edit, oversee or screen the Platform, User Content, or any other service we provide on our site. We reserve the right to cease moderating the Platform at any time.
ACTION IN RESPECT OF BREACH
Failure to abide by this Code of Conduct constitutes a material breach of the Website Terms, which may result in CFIC taking any of the following actions:
- issuing you a warning notice;
- immediate, temporary or permanent removal of any contribution or of your right to use our websites, including deletion of your personal profile;
- initiating legal action against you for recovery of any and all costs and losses on an indemnity basis, including, but not limited to, reasonable legal and administrative resulting from the breach and/or additional legal proceedings against you; and/or
- disclosure of information to law enforcement authorities or other relevant third parties as we believe is reasonably necessary.
CFIC excludes liability for actions taken in response to breaches of this Code of Conduct. The responses described in this policy are not limited, and we may take any other action which we deem reasonably appropriate.
OUR RIGHT TO UTILIZE USER CONTENT
With regards to User Content, you grant us and our affiliates a royalty-free, transferable, perpetual, right to use, reproduce, adapt, modify, host, communicate, deliver, translate, publish, distribute, create derivative works from and publicly display, internationally and in any media, now known or hereafter devised, any name and details contained within User Content, or otherwise submitted in connection with such User Content. You agree and understand that User Content is non-proprietary and non-confidential. Furthermore, you consent to waive any moral rights or similar rights that you may have or may acquire in the future in that User Content in our favor. You are solely responsible for creating backup copies of, and replacing any, User Content you post or store on our site at your sole cost and expense.
AMENDMENTS TO THESE RULES
CFIC may change these Rules at any time. It is your sole responsibility to periodically check these Rules to ensure you are aware of any amendments we make, as they are legally binding on you.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - FUNDER TERMS OF BUSINESS
The Funder Terms of Business (“Funder Terms”) are made and entered into between Crowd Funding International Corp ("CFIC," "we," or "us") and you as a potential Funder (“you” or “Funder”). These Terms will apply to all transactions by which you commit to Fund Businesses (“Businesses”) by Businesses, as defined below, seeking to raise capital in return for the issuance to you, directly or indirectly, of Fundings listed on the CFIC website (the “Website”). Prior to registering as a Funder, you must read and agree to all of the terms and conditions within, and linked to, these Funder Terms, including the CFIC Terms of Use covering use of the Website, the CFIC Privacy Policy and the CFIC Risk Disclosure.
1. Listings
Business Fundings will be listed and funded through the Website in relation to Business Funding Listings submitted by start-up and medium sized companies and their owners (collectively, the “Businessess” and each, a “Business”), with each such Business Listing being presented according to the terms, conditions and disclosures (including risk factor disclosures) for that specific Business (the "Business Funding Terms"). For the purposes of these Businesses, Business Funding Terms include the following without limitation, all of which can be accessed through a link on the Business Listing on the Website:
- The “Business Funding Overview” (including risk disclosure) prepared by the Business for purposes of the Business Funding;
- The “Business Funding Agreement” prepared by the Business setting the contractual framework for funding;
- Formation documents of the special purpose entity (“SPE”) through which Business Funders will be funding (if any, and as further detailed in these Funder Terms).
You agree to thoroughly review, and ensure that you understand and agree with, the Business Funding Terms for any Business prior to funding. You recognize that every Business involves a high degree of risk and that by committing capital to any Business Funding (such amounts, “Commitments”) you affirm that you are able and prepared to bear the risk of loss of your entire Commitment(s).
2. Restrictions and Limitations on Resale of Business Fundings
You concede that no registration statement has been, or will be, filed with the United States Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), with regard to any Business Funding. You also affirm that the offer of funding in relation to any Business has not been registered or approved by any securities authorities in any jurisdiction. You affirm that you are legally authorized and able to participate in Business Fundings pursuant to the Business in accordance with the laws and regulations of your jurisdiction of residence. You acknowledge that any Business Funding by any Business is made only in those jurisdictions where such an offer can legally be extended.
Any Fundings that you make in association with a Business Listing may be subject to selling restrictions in some jurisdictions. CFIC bears no liability or responsibility should any selling restrictions apply, whether those restrictions are due to any failure of a Business to register the Funding or otherwise.
You acknowledge that the offer contained herein has been made on a private basis between you and the Business via the website. You accept that none of the Business Fundings offered by Businesses will be listed on any securities exchange, that no trading market exists, that it is uncertain if any active trading market will ever develop, that any trading must be conducted in accordance with applicable securities laws, and that you should thus be prepared to accept the possibility of having to hold indefinitely.
3. Funder Registration
When you register as a Funder on the Website, you must also read and consent to all of the terms and conditions in the CFIC Terms of Use (which govern use of the CFIC.ai Website), the CFIC Privacy Policy and the CFIC Risk Disclosure (collectively, the CFIC “Terms and Conditions”), all of which are accessible through the links following these Funder Terms and the links at the foot of the Website home page. By registering as a Funder to become eligible to make Commitments related to the Businesses listed on the Website, you agree to comply with, and be subject to, all of the provisions of these Funder Terms and the CFIC Terms and Conditions.
When registering as a Funder, you must provide certain information that will be utilized by administrators acting on our behalf to complete a Know-Your-Client check for the purpose of enforcing anti-money laundering rules and regulations and to ultimately register your interest. By registering, you certify, represent and warrant that you are resident at the residence address you have provided and that details of your nationality and other information are accurate. At present, only non-US persons (persons who are not citizens or residents of the U.S., any corporation, partnership or other entity created or organized in or under the laws of the U.S. or any person falling within the definition of the term “U.S. Person” under Regulation S adopted by the Securities and Exchange Commission of the U.S. on 24th April 1990, as amended from time to time) are permitted to register as Funders on the CFIC Website.
When you register as a Funder, you are required to provide deposit account information to facilitate electronic transfers of funds between the CFIC trust account (the "CFIC Trust Account") and your designated deposit account (the "Funder Deposit Account"). You will not earn interest on any funds held in your CFIC Funder Deposit Account. The CFIC Trust Account is an account established for the benefit of Funders and Businesses, and will hold all funds credited to Funder Accounts (as defined below) as well as fees, expenses, and other costs deposited and/or advanced by Businesses related to their Businesses and its listing on our website.
Any and all information that you are required to provide to facilitate your registration as a Funder will be handled according to the CFIC Privacy Policy. Periodically, and at our discretion, we may request that you update this information or confirm that it has not changed.
4. Funder Account Activation
When you apply to register as a Funder, we will request that you create a password to be used to access your account. You must keep this password confidential and safe, and never disclose it to others. We will advise you once the Know-Your Client check has been completed based on the information you have provided, and upon completion of this check, your registration as a Funder will be activated. At that time, you will be permitted to transfer funds to the CFIC Trust Account to be credited in your name (your “Funder Account”). Once funds are cleared in the CFIC Trust Account, you will be authorized to utilize the funds to make cash commitments (“Commitments”) to fund the Businesses listed on the Website. We reserve the right to limit the amount of funds that you are permitted to transfer to, or hold in, the CFIC Trust Account; we also have the right to accept or reject Commitments in whole or in part and/or limit the number of Commitments you are allowed to make in relation to any specific Businesses and in aggregate. We will make the abovementioned decisions and define any such limits at our sole discretion.
Funds credited to you in the CFIC Trust Account will remain at your sole disposal until a Commitment is made, at which time the Commitment amount will be held as further described in these Funder Terms. You are entitled to request withdrawal of funds available in your Funder Account, and subject to reasonable advance notice, the withdrawal will be completed by a transfer of funds to your Funder Deposit Account. LINK TO FEES
5. Commitment to Funding
Prior to making a Commitment in connection with any Business Funding, you must carefully read all information disclosed in relation to the Business, which includes information regarding the Business operations, as well as the various Business Funding Terms which include (without limitation), the percentage offered, the time period during which the Business Funding will be open (the “Business Funding Period”), the aggregate amount of funding being sought through the Business Funding (the “Funding Target”) and the proposed purpose of the funds. You may ask questions of the Business presenting the Business Funding regarding the Business Terms and any other information by submitting your questions in accordance with the instructions detailed on the Website.
You affirm and agree that a Business may modify the Business Funding Terms to be more beneficial to Funders (any such change, a “Beneficial Change”) at any time before the end of the Business Funding Period of their Business. Examples of a Beneficial Change would be an increase in Fundings offered, the percentage offered, or the offer of supplementary incentives such as free products. Businesses cannot alter the Business Funding Terms in any way that would result in a decrease in the percentage or number of Fundings offered, or in any other way that would decrease the benefit received by any Funder.
By making a Commitment in connection with any Business Funding, you represent and warrant that you have reviewed and understood the Terms and Conditions and all the information disclosed with respect to the Business Funding, and have fully taken advantage of the opportunity to question any information about which you are uncertain. Once you have made a Commitment related to any Business, the amount of such Commitment will be credited to the Business and deducted from the available balance of your Funder Account, and you will be deemed to have accepted and agreed to the Business Funding Terms. Once your Commitment has been so credited, you may only withdraw or cancel the Commitment, or reduce the amount of the Commitment, in the following circumstances:
- When the Funding Period for the Business ends, and then only if the Funding Target for the Business is not met;
- If a change is made to the Business Funding Terms that is not a Beneficial Change or if material information in connection with a Business is disclosed after you have made a Commitment to that Business. If you believe that such a change or further material disclosure has been made and wish to withdraw, cancel or reduce your Commitment, you should contact CFIC at info@cfic.ai so that we can consider the matter.
BY MAKING A COMMITMENT IN CONNECTION WITH A BUSINESS, YOU IRREVOCABLY COMMIT TO FUNDING IN THE AMOUNT OF YOUR COMMITMENT (SUBJECT TO DEDUCTION OF THE CFIC FEE AND THE ADMINISTRATION FEE, AS DEFINED HEREIN), AND YOU AUTHORIZE PAYMENT FOR YOUR FUNDING, THE CFIC FEE AND THE ADMINISTRATION FEE TO BE DRAWN FROM THE CFIC TRUST ACCOUNT; PROVIDED, HOWEVER, THAT THE FUNDING AND THE FOREGOING DRAWS SHALL TAKE PLACE ONLY IF THE FUNDING TARGET IS MET DURING THE STATED FUNDING PERIOD OR EXTENDED FUNDING PERIOD AND CLOSING IN RESPECT OF THE BUSINESS FUNDING OCCURS. CFIC DOES NOT GUARANTEE OR WARRANT THAT ANY COMMITMENT MADE IN CONNECTION WITH A BUSINESS WILL RESULT IN A CLOSING OF FUNDINGS TO YOU AND WILL HAVE NO LIABILITY IF ANY BUSINESS FAILS TO REACH ITS FUNDING TARGET, FAILS TO PROCEED TO CLOSING OR IS OTHERWISE TERMINATED. LINK TO FEES
6. Funding Agreement and Closing
(a) Once the Funding Target is achieved, and subject to any additional verification considered appropriate by CFIC, the Funding Agreement posted for the Business (the “Funding Agreement”) will come into full force and effect and will govern the relationship between the Business and the Funders in the Business (or the SPE acting for their account, if any). Though CFIC may be a party to this Funding Agreement for administrative purposes, the Funder affirms and agrees that CFIC will have no liability or responsibility for any rights or obligations contained in the Funding Agreement. Additionally, CFIC is not obligated to become involved in disputes between the Funders and the Business over enforcement of the Funding Agreement and will not act in any capacity to defend or indemnify the Funders against any default or breach by the Business. In spite of this limitation, it is in CFIC’s interest to ensure that Businesses act in a legal manner and for the benefit of the Funders, and we will thus make reasonable efforts to assist Funders should any breach or default by a Business occur.
(b) Once the Funding Target for a Business is achieved and the Funding Agreement comes into effect, as soon as is reasonably feasible, the Fundings shall be issued to the Business (“Closing”), either directly or through a special purpose entity (“SPE”), as further described in the Business Terms. Should an SPE be used, the Business Fundings will be issued to the SPE (acting for the account of the Funders collectively), and SPE Fundings (or similar instruments) will be issued to the Funders upon Closing, in the proportion of their Commitments to the Business Funding. SPE Fundings are usually non-voting Fundings representing proportionate economic interests in the assets of the SPE (i.e., the Business Fundings).
7. Trust Account Disbursements
The collective amount of Commitments made in connection with a Business Funding will be disbursed from the CFIC Trust Account in the following manner, contingent on whether the Business Funding proceeds to Closing (as defined above) or is terminated:
(a) If the Business Funding proceeds to Closing, then, upon the occurrence of Closing, all facilitation fees, platform fees and a third-party administration fee (the “Administration Fee”), along with other fees, costs and expenses deposited by the Funders, shall be transferred from the CFIC Trust Account to a deposit account(s) designated for that purpose by CFIC, and the net amount of the funds remaining in the Trust Account will be transferred from the CFIC Trust Account ultimately to a deposit account designated for that purpose by the Business. LINK TO FEES
(b) If the Business Funding is terminated because the Funding Target has not been achieved before the end of the Business Funding Period, or if the Business Funding is otherwise terminated in accordance with the terms of the Business Funding or the terms of the Funding Agreement, any Commitment made in relation to the Business will be canceled and funds in the amount of your Commitment will be promptly credited back to the Funder Account, without interest.
8. No Advisory Relationship
You accept and acknowledge that:
- The listing of a Business for funding, facilitation of funding, and closing of funding of (directly or indirectly) any fundings in connection with any Business Listing is an arm’s length transaction between you and the Business;
- In connection with the listing of a Business for funding, facilitation of funding, and closing of funding of (directly or indirectly) any fundings pursuant to a Business listing, CFIC is not acting as your agent or fiduciary;
- CFIC assumes no advisory or fiduciary responsibility in your favor in connection with the listing of a Business for funding, facilitation of funding, and closing of funding of (directly or indirectly) any fundings or in connection with any Business Listing Funding; and
- You have consulted your own legal, regulatory, accounting, and tax advisers regarding any Business listed on the CFIC website for funding, and participating in a closing of any Business funding, or funding hereunder.
9. No Financial, Legal, Tax Advice, Financial Promotion or Underwriting Services.
CFIC does not, and will not at any time, provide any legal, financial, tax or funding advice and nothing on the Website or in the information provided in relation to any Business Listing shall be interpreted or construed as legal, financial, tax or funding advice. You must consult with licensed legal, financial, and tax professionals or advisors for any legal, financial or tax advice that you require. CFIC is not a broker, dealer or underwriter in securities and will not represent, underwrite or sponsor any Business. CFIC acts only as a platform provider. All services provided by CFIC are intended to facilitate use of the Website only, and shall not be construed in any other manner.
10. CFIC's Right to Verify Information and Terminate Listings.
(a) CFIC reserves the right to verify the completeness and accuracy of all information submitted by Businesses and Funders in relation to Business Listings. CFIC also reserves the right to determine in its reasonable discretion if a registered user has used, or is using, the Website illegally or in violation of any order, writ, injunction or decree of any court or governmental instrumentality, for purposes of fraud or deception, or otherwise in a manner inconsistent with the provisions of these Funder Terms or not in accordance with any other CFIC Terms and Conditions. CFIC may conduct a review at any time, before, during or after the making of a Commitment in connection with a Business or before or after the Closing of any Business Funding. You agree to respond promptly to CFIC’s requests for information in connection with your registration and accounts with CFIC and your Commitments made in connection with any Business Funding.
(b) At any time before the Closing of a Business Funding, CFIC may, in its sole discretion, delay the Closing in order to enable CFIC to perform a pre-closing review to confirm the accuracy of information provided by the Business and Funders and to assess if there are any irregularities with regard to the Business or the Commitments made in connection with the Business. CFIC may cancel or proceed with the Closing, contingent upon the results of its pre-closing review. Should the Business Funding be canceled, the Business Listing will be removed from the Website, all Commitments made in connection with the Business will be canceled, and the related funds will be returned to each Funder Account.
(c) Notwithstanding the aforementioned or anything to the contrary in these Funder Terms, you acknowledge and agree that CFIC has no responsibility to check or verify any of the information included in any Business Listing and shall have no liability for any false, misleading, deceptive or inaccurate material included in any Business. CFIC shall further have no liability or responsibility in respect of any Business Funding or Commitments made in connection with any Business Funding that are not compliant with applicable laws.
11. No Assurance of any Return on Funding or Guarantee on Capital
CFIC DOES NOT WARRANT OR GUARANTEE ANY RETURN ON YOUR CAPITAL THAT YOU COMMIT TO ANY BUSINESS FUNDING ON THE CFIC WEBSITE. CFIC DOES NOT WARRANT OR GUARANTEE THAT YOU WILL EVER BE ABLE TO RESELL YOUR INTEREST IN SUCH FUNDINGS, THAT YOU WILL BE ABLE TO RECOUP ALL OR ANY PART OF THE FUNDINGS, OR THAT YOU WILL EVER MAKE A PROFIT.
12. Usage Restrictions
Except as provided in Section 16(c) below, you are not permitted or authorized to use the CFIC Website to make Commitments in connection with Business Fundings for anyone other than yourself. You must be the named account holder or beneficiary of the Funder Deposit Account you designate for electronic transfers of funds, with authority to direct that funds be transferred to or from that account. CFIC may in its sole discretion, with or without cause and with or without notice, restrict your access to the CFIC Website.
13. Suitability Representations and Warranties
By making a Commitment in respect of any Business Funding, you represent and warrant that you satisfy all applicable suitability requirements and other requirements to fund that Business. You also agree to provide any additional documentation reasonably requested by us to confirm that you meet applicable suitability standards. However, it is your responsibility to ensure that you meet suitability standards and we will not be liable in the event that you are subsequently deemed not to.
14. Other Representations and Warranties
As of the date of these Funder Terms and as of any date that you make a Commitment in connection with any Business, you warrant and represent to CFIC that:
(a) You have the legal competence and capacity to perform and execute these Funder Terms, and that you have duly authorized, executed and delivered these Funder Terms;
(b) With respect to these Funder Terms, you have acted in accordance with in all material respects with applicable laws; and
(c) If you are entering into these Funder Terms on behalf of a corporation, partnership, limited liability company, trust, or other entity ("institution"), you warrant and represent that
(i) you have all necessary power and authority to execute and perform these Funder Terms on said institution's behalf;
(ii) the execution and performance of these Funder Terms will not violate any provision in the institution's certificate of organization, memorandum and articles of association, by-laws, indenture of trust, partnership agreement, or other constituent agreement or instrument governing the formation or administration of your institution; and
(iii) The performance and execution of these Funder Terms will not constitute or result in a default or breach under, or conflict with, any order, ruling or regulation of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking to which the institution is a party or by which it is bound.
15. Prohibited Activities
You affirm that you will not do the following in connection with any Business Funding, any Commitment made in respect of a Business Funding, or any other transaction involving or potentially involving CFIC or any Business or any Business Listing or the CFIC Website;
(a) Represent yourself to any person as a director, officer or employee of CFIC or of any Business or Listed Business unless you are such director, officer or employee;
(b) Propose or agree to accept any fee, bonus, kickback or other thing of value of any kind in exchange for your agreement to fund Businesses on the CFIC Website;
(c) Engage in any activities that require a license under any applicable law or regulation in connection with any Business Funding on the CFIC Website; or
(d) Violate any applicable laws, including but not limited to, securities laws applicable in your Jurisdiction, the Business’s jurisdiction or in any jurisdiction in which CFIC operates.
16. Termination of Account/Registration
CFIC may, with or without cause and in its sole discretion, terminate your registration and these Funder Terms by giving you notice as detailed below. Furthermore, upon our reasonable determination that you have violated the provisions of Section 18, have made a material misrepresentation in connection with these Funder Terms or application to register as a Funder, or have otherwise failed to abide by the terms of these Funder Terms, CFIC may immediately and without notice, in its sole discretion, perform one or more of the following actions:
(a) Suspend or terminate your right to make Commitments in connection with Business Fundings or otherwise use the CFIC Website; or
(b) Terminate these Funder Terms and your registration with CFIC.
Upon termination of these Funder Terms and your registration with CFIC, any Commitments you have made shall terminate and will be cancelled immediately, but your right under these Funder Terms to interests in any Fundings purchased prior to the effective date of the termination shall not be affected by the termination.
17. Indemnification
In addition to your indemnification responsibilities set forth in the CFIC Terms of Use, you agree to indemnify, defend, protect and hold harmless CFIC and its officers, directors, stockholders, employees and agents against all claims, liabilities, actions, costs, damages, losses, demands and expenses of every kind, known or unknown, contingent or otherwise:
(i) resulting from any material breach of any obligation you undertake in these Funder Terms, including but not limited to your obligation to comply with any applicable laws; or
(ii) resulting from your acts, omissions and representations (and those of your employees, agents or representatives) relating to CFIC. Your obligation to indemnify CFIC shall survive termination of these Funder Terms, regardless of the reason for termination.
18. CFIC’s Right to Alter Terms
We may modify these Funder Terms or the CFIC Terms and Conditions at any time. Should this occur, we will post the amended terms on the Website and notify you by email of any material changes. Modified terms take effect immediately for new registrants, and 5 Business days after posting for existing registrants. If you disagree with any alteration made, you must terminate your registration and use of the Services before the end of this period, or the amended terms will become effective and applicable to you. These Funder Terms may not otherwise be altered, except in writing and signed by CFIC and you.
You authorize CFIC to correct any obvious clerical errors found in information you provide to CFIC, without notice to you, although CFIC expressly assumes no responsibility to detect or correct such errors. These Funder Terms, along with the CFIC Terms and Conditions, represent the entire agreement between CFIC and you in regards to your participation as a prospective Funder on the CFIC Website, and supersede all prior or contemporaneous communications, promises and disclosures whether written, oral, or electronic, between CFIC and you with respect to your involvement as a prospective Funder on the CFIC Website.
19. Notices
All notices and other communications hereunder shall be posted on the Website or sent by email to your registered email address, and shall be deemed to have been duly given and effective upon posting or transmission. All required disclosures, notices, and other communications to you from the administrator, the bank or other party related to our services will be sent to you by email to your registered e-mail address. You also agree to notify us if your registered email address changes, and you agree to update your registered residence address on the Website if you change your residence. You may contact us by sending an email to info@cfic.ai.
20. Confidential Information
By entering into these Funder Terms, you agree not to disclose, except on a confidential basis to your legal and financial advisers exclusively for the purpose of rendering professional advice to you, any information which you receive or have received from CFIC or through the Website that relates to any Business Listing or relates to the Business of any Business ("Confidential Information"). You shall hold and maintain the Confidential Information in confidence for the benefit of the Business that provided such Confidential Information. Without such Business’s written approval in advance, you will not publish, copy, use for your own benefit, or otherwise disclose to others, or permit the use by others for their benefit or to the detriment of the issuer, any Confidential Information.
The term "Confidential Information" does not include any information that, at any given time:
(a) Has been publicly disclosed by the issuer or by any third party through no fault of your own;
(b) You have received by some legitimate means other than from CFIC or its representatives or from the Business or its representatives; or
(c) The issuer has authorized you in writing to disclose.
21. Disclaimer
CFIC does not warrant, represent, covenant, guarantee or promise any specific results from the use of the CFIC Website or related services, including that any Commitment made in connection with any Business Funding will result in Closing of that Business Funding or that the interests in Fundings that are entered into pursuant to any Business will have any value. In addition, CFIC does not provide any legal, financial, tax or funding advice and has no responsibility with regard to the content, accuracy or completeness of any information offered in connection with a Listiing or otherwise on the Website.
EXCEPT FOR THE REPRESENTATIONS CONTAINED IN THESE FUNDER TERMS, THE WEBSITE, INCLUDING ANY CONTENT OR INFORMATION CONTAINED WITHIN IT OR ANY SERVICE OR ADVICE PROVIDED IN CONNECTION WITH THE CFIC SERVICES, AS WELL AS THE CFIC SERVICES THEMSELVES, ARE PROVIDED “AS IS” WITH NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON INFRINGEMENT. THE FUNDER ASSUMES TOTAL RESPONSIBILITY AND RISK FOR ITS USE OF THE WEBSITE AND THE RELATED SERVICES.
22. Limitation on Liability and Waiver
CFIC will not be liable to the Funder for any action, including any misinformation, fraud or failure to achieve Closing in relation to any Business Funding or any other action or wrongdoing engaged in by any Business or third party.
The Funder acknowledges that any and all decisions made with respect to Funding Listings are the Funders alone. CFIC cannot and will not verify the accuracy of information provided by Businesses or other users of the Website. CFIC will not be responsible or have any obligation or duty or liability for:
(a) Any interactions or decisions resulting directly or indirectly from involvement in the services offered on the Website,
(b) Any costs, damages, losses or expenses that any Funder sustains as a result, directly or indirectly, of making any Commitments in connection with any Business Funding. Furthermore, other than as expressly agreed in these Funder Terms, in no event will CFIC be liable to the Funder for any direct or indirect damages, costs, expenses or losses, including any lost capital, lost profits or special, incidental, consequential or punitive damages arising from the Funders use of the Website or participation in any related services.
With respect to the Website and related services, CFIC assumes no responsibility for any omission, error, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, any communications.
By using the Website and related services, you release CFIC from any liability whatsoever other than as explicitly accepted by CFIC in these Funder Terms, and waive any and all causes of action related to any claims, costs, injuries losses or damages of any kind arising out of or in connection with any use of the Website or any content posted on the Website or transmitted to, or any interactions between, you and any Business or third party user of the Website.
This limitation of liability and waiver shall be in addition to and shall not limit any other limitation of liability or waiver included in the CFIC Terms and Conditions.
23. Miscellaneous
You may not assign, sublicense, transfer, or otherwise delegate your rights under these Funder Terms to another person without CFIC’s prior written consent. Any such assignment, sublicense, transfer, or delegation in violation of this Section shall be null and void. These Funder Terms shall be governed in all aspects, including as to requirements of form, by the laws of Anguilla. You agree that any claim or dispute you may have against CFIC must be resolved in the courts of Anguilla, although CFIC reserves the right to bring proceedings against you for the breach of these Funder Terms in your country of residence or any other relevant country. Any waiver of a breach of any provision of these Funder Terms will not be a waiver of any other subsequent breach. Failure or delay by either party to enforce any term or condition of these Funder Terms will not constitute a waiver of said term or condition. If any part of these Funder Terms is determined to be invalid or unenforceable under applicable law, then the invalid or unenforceable provision will be deemed superseded by a valid enforceable provision that most closely matches the intent of the original provision, and the remainder of the Funder Terms shall continue to remain in effect. The parties agree to execute and deliver such further documents and information as may be required in order to achieve the purposes of these Funder Terms.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - RISK DISCLOSURE/FUNDING PRIVATE COMPANIES
All of the Businesses listed on the CFIC Website are private businesses. If you are contemplating funding private businesses, you are advised to consider the following risks:
Your Funding may decrease in value
The Businesses you fund through our Website are private start-up, early-stage or small to medium sized businesses that are seeking to launch a service or product and may not have an established track record.
Your Fundings are illiquid
There is no public market for private businesses, and there may never be a market. Consequently, you may be unable to sell, gain any profit, or even recover the original capital, from any of the Fundings you make.
Unlike public companies, private businesses are not required to report on their financial status
The Businesses that list on the CFIC Website make a commitment to us that they will update Funders regularly through our Website in regards to their performance. However, there is no guarantee that they will abide by this commitment, and we do not guarantee that action will be taken against them if they fail to do so.
Private businesses are not bound by the same regulatory requirements as a public company
When a business goes public, they must disclose certain information and abide by strict regulations regarding their activities, disclosure and corporate governance. The businesses listed on the CFIC Website are not bound by those regulations.
Voting rights
To understand what rights are being granted by the businesses you plan to fund, you are advised to read the terms of any disclosure thoroughly. CFIC will make every reasonable effort to make sure that businesses honor the terms of the listing after Closing of any Funding, but CFIC will not be liable to you for any failure by the Business to do so.
Listing Disclosure
A well prepared Listing will detail all risks and conflicts of interest in relation to the listing, the Business, and the Businesses operations. CFIC will guide the businesses to assist them in preparing fair and full disclosure of all risks in their Listing. We do not have the ability, however, to determine if all such risks have been fully disclosed or accurately described and will not assume any responsibility for any failure to do so. You should fully assess the risks attached to any funding prior to making any funding choices, and query any matters for which you feel that risk disclosure has not been adequately made.
BE AWARE THAT THE PAST RESULTS OF ANY FUNDING IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. YOU ARE ADVISED TO ONLY COMMIT MONEY THAT YOU CAN AFFORD TO LOSE TO ANY FUNDING ON OUR WEBSITE. FUNDING PRIVATE COMPANIES IS NOT FOR EVERYONE AND ENTAILS DIFFERENT RISKS THAN ARE ENCOUNTERED IN MORE TRADITIONAL FUNDINGS. PLEASE CONSULT YOUR ADVISORS FOR FUNDING AND TAX ADVICE PRIOR TO MAKING ANY DECISION. CFIC DOES NOT PROVIDE ANY FUNDING, TAX OR LEGAL ADVICE AND WILL NOT ASSUME ANY LIABILITY FOR ANY FUNDING, TAX OR LEGAL ISSUES IN CONNECTION WITH ANY FUNDING YOU CHOOSE TO MAKE.
CROWD FUNDING INTERNATIONAL CORP (CFIC) - PRIVACY POLICY
Terms which are not otherwise outlined in this Privacy Policy will be defined in our Terms of Use.
This Privacy Policy applies only to information you share online through our Website. This Privacy Policy does not apply to any information you share offline, including with CFIC representatives or in the presence of CFIC representatives.
We know that your privacy is essential, and we take responsibility for your information seriously. This Privacy Policy details CFIC’s policies and procedures with regard to the collection, use and disclosure of your information when you utilize the CFIC Website, the CFIC Platform, or any of CFIC’s services. We will not use or disclose your information to anyone, except as detailed in this Privacy Policy.
Collection and Use of Information
CFIC utilizes the information we collect to evaluate how our services are used, diagnose technical or service issues, maintain security, personalize content, retain information to assist you in accessing your account, monitor aggregate metrics (i.e. traffic, total number of visitors, and demographic patterns), and track users and user content required for compliance with applicable laws.
User-Provided Information
If you register with CFIC, you provide us with personal information that includes, but is not limited to your name, address and email address. Your name and any other information you add to your profile may be available on the Website for public viewing. You also provide us with information by the user content you post on the Website. Your queries, answers and other contributions on the Website are publicly viewable on the Website, as well as you user name. Search engines may locate this information, which may cause it to be republished elsewhere on the internet.
Bank Account Information
Your bank account data may be retained on CFIC’s server. Any bank information submitted by you is not available to our general staff. Only upper management or those approved by upper management can access this information. All CFIC Website transactions will be bank to bank transactions, and only our respective banks and escrow administrators may access the detailed bank account information with regard to payments. The bank account information of Funders will at no time be accessible by Businesses.
Cookies
When you visit CFIC’s Website, one of more “cookies” (small data files) may be sent to your computer to uniquely identify your web browser and permit CFIC to assist you in logging in more quickly, and to enhance navigation through our site. Cookies have the ability to convey anonymous data about your browsing habits, but cannot collect personal information about you. A persistent cookie remains on your computer after your browser is closed so that it can be used by your browser on future visits to the Website. To remove persistent cookies, follow the instructions for your web browser. A session cookie is temporary and will disappear when you close your web browser. Your browser can be set to refuse all cookies, or to notify you when a cookie is being sent by a site. If the ability to accept cookies is disabled in your browser, however, some elements of the Website may not function correctly.
Log Files
Every time you access a web page, log file data is automatically reported by your browser. When you use CFIC’s service, our servers automatically record certain data that your browser sends whenever you visit any website. These server logs may include data like your Internet Protocol Address (IP), browser type, web request, referring/exit pages and URLs, domain names, number of clicks, landing pages, pages viewed, and other, similar data.
How We Share Your Information
Personally Identifiable Information
For the purposes of providing our services to you, CFIC may share your personally identifiable information with third parties. Should this occur, the third parties’ use of your data will be bound by this Privacy Policy. We may store personal information in locations outside of CFIC’s direct control (i.e. on databases or servers co-located with hosting providers). CFIC will not sell or rent your personal data to third parties. In the course of business development, we may elect to purchase or sell assets or business offerings. In these types of transactions, customer, email, and visitor data is usually one of the business assets transferred. We may also assign or transfer this information in the course of corporate divestitures, mergers, or dissolution.
We may disclose or share your information with your consent, such as if you elect to sign on to the Website through a third-party service. We cannot control the use of your information by third-parties.
CFIC may disclose your personal information if required to do so by law or subpoena, or if we believe it is reasonably necessary to comply with a regulation, law, or legal request; to protect the safety of any individual, to address security, fraud or technical issues; or to the rights or property of CFIC.
Non-Personally Identifiable Information
CFIC may share non-personally identifiable information with interested third parties to assist them in understanding usage patterns for specific CFIC services. Such information may include anonymous usage data, referring/exit Pages and URLs, platform types, number Of Clicks, and similar data.
CFIC may permit third-party ad servers or ad networks to serve advertisements on our Website. These third-party ad servers or ad networks utilize technology to send the ads and links that appear on the CFIC Website, directly to your browser. Your IP address is automatically received by these parties in the process. When this occurs, they may also use other technologies like JavaScript, Cookies, or Web Beacons to assess the efficiency of their ads and personalize their ad content.
CFIC will not share any personally identifiable data to these third-party ad servers or ad networks without your consent. Please be advised, however, that should an advertiser ask CFIC to show a particular advertisement to a specific audience and you respond to that ad, the advertiser or ad server may determine that you match their target audience description. The CFIC Privacy Policy does not apply to, and we cannot control the actions of, third-party advertisers. For more information, please consult the respective privacy policies of the specific advertisers.
How We Protect Your Information
To protect the security and integrity of your personal information, CFIC utilizes commercially reasonable physical, managerial, and technical safeguards. However, we cannot ensure or warrant the security of any information you submit or transmit to CFIC or guarantee that your data on the Website may not be altered, destroyed, accessed, or disclosed by breach of any of our physical, technical, or managerial safeguards. Should personal information be compromised due to a security breach, CFIC will promptly notify those individuals whose personal data is affected, in accordance with the notification procedures detailed in this Privacy Policy, or as otherwise required by applicable law.
Your Choices About Your Information
It is your right to decline to submit personally identifiable information through our Website. Unfortunately, this means that CFIC may be unable to provide you with some of its services. You can correct or update your account information and email preferences at any point by accessing your account. By default, you may receive periodic update emails from CFIC. You may choose to opt-out of the email mailing list at any time, and each email includes instructions on how to Unsubscribe.
Age Restrictions for Use
The CFIC Website is not intended for children, and is offered for use by adults only. CFIC does not want to collect any personal data on users under the age of 18. CFIC requests that parents not post, or allow others to post, any personally identifiable information regarding individuals under the age of 18.
Links to Other Web Sites
CFIC is not responsible for any practices engaged in by websites linked to or from the CFIC Website, or the content or information they contain. Please be aware that when you use a link to navigate from our Website to another website, our Privacy Policy ceases to apply. Your navigation and interactions on any other website, including those linked to our Website, is governed by the rules and policies of that website.
Privacy Policy Updates
Should CFIC modify our Privacy Policies and Procedures, we will post the alterations on this page to keep you informed on the information we collect, how it is used, and under what circumstances we may share it. Updates to this Privacy Policy are effective as of the date they are posted to this page. This Privacy Policy was last updated on December 14, 2014.
Should you have any questions about this Privacy Policy or our practices, please contact us by email at info@cfic.ai.