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Terms and Conditions

 

By using the Platform and/or creating an account, users of the Platform declare that they have read, understood and accepted the GTC. Users who do not accept the GTC shall not use the Platform. 2. SFTL reserves the right to amend the GTC at any time. By continuing to use the Platform, users declare their consent to the amended GTC. In the event users do not accept the amended GTC, they shall not use the Platform and shall delete their accounts.

Platform 1. The Platform is a network to bring startups and investors together to highlight investment opportunities. In addition to a private network facilitating access between startups and venture capital funds for private and angel investors as well as crowdfunders and institutional investors there are deepdive session offered by the members for the members on the platform to facilita exchange and understanding, opportunity recognition and the possibility to negotiate potential deals.

Platform

1. The Platform is a network to bring startups and investors together to highlight investment opportunities. In addition to a private network facilitating access between startups and venture capital funds for private and angel investors as well as crowdfunders and institutional investors there are deepdive session offered by the members for the members on the platform to facilita exchange and understanding, opportunity recognition and the possibility to negotiate potential deals.

3. SFTL with ist VCçDiversity website and service is only the operator of the Platform and does not provide any investment recommendation or opinions about their users. The closing of a deal between startups and investors is conducted outside of the Platform, including the drafting and signing of respective agreements. No communication by SFTL or VCçDiversity on its Platform or in any other medium shall be construed as recommendation for any investment opportunities offered on the Platform.

4. Investors acknowledge that investments involve high risks, including a complete loss of the investments. Each investment is made at the investor’s own risk. SFTL strongly recommends investors to perform a careful assessment of the startups and to consult their advisors regarding legal, commercial, financial and tax-related issues as well as operational risks related to the investments they intend to make.

Registration Process and use of the Platform

1. Users can register on the Platform and create an account either as an investor or as a startup or VC fund. Investors must have financial knowledge to understand the risks of venture capital investents. Startups need to have already founded their company, Venture Capital Funds need to have a FiNMA regulation for any activity beyond being a jury memeber. SFTL has the right to refuse the access to the Platform if users do not meet the requirements.

2. Individual users (natural persons) who register on the Platform and create an account warrant that they are at least 18 years old or of legal age in their country of residence and capable of acting.

3. Users other than individuals (in particular legal entities) warrant that the account has been created by a representative with signature rights or otherwise duly authorized to open and use the account.

4. All users warrant that (i) they have sufficient knowledge of venture capital investments and know the risks of such investments, (ii) they are not subject to legal or regulatory restrictions which prohibit or affect the use of the Platform and (iii) all information and documents provided to the platform are true and correct and free of any viruses.

5. It is the user’s responsibility to keep all information provided to the Platform up to date so that it mirrors at all times the current and true situation of the user. The user is solely liable for any information provided to the Platform.

6. The user is not allowed to publish and/or upload any information and content to the Platform which (i) is against applicable law (ii) is false and inaccurate, (iii) violates any third party rights and/or (iv) is discriminating (sex, race, religion, belief, age, condition etc.).

7. Users are only allowed to use the Platform for its intended purpose as a Platform to highlight investment opportunities. They are not allowed to use the Platform to offer or advertise financial products which might qualify as collective investments schemes pursuant to the Swiss Federal Act on Collective Investment Schemes. Club Deals according to Swiss Partnership structures involving no more than 20 participants can be created by the venture partners.

8. SFTL has the right to suspend (temporarily) or terminate (definitively) any account if the user withdraws the consent for processing data or is in breach or potential breach of the GTC. SFTL shall not be liable for any losses and damages arising from the suspension or termination of an account.

Regulatory Aspects

The Platform and its content are not intended for use by natural persons or legal entities who are citizens or residents of or located or established in any jurisdiction which prohibits the use of the Platform or which would lead to any registration or supervision of SFTL or their VCçDiversity Platform in the respective jurisdiction.

Fees

2.. A detailed fee structure is outlined on the Fees Page. Subscribers agree to be bound by the terms and pay the relevant fees.

3. An auto-renew option is available to subscriptions for all types of accounts. If not selected, then the startups and/or investors need to renew the subscription for their account if they want to continue using the Platform.

Data

1. By providing personal and/or commercial information to the Platform, users give their consent for this information to be processed and used in connection with the Platform. Users can withdraw at any time their consent for the data processing by notifying SFTL. The withdrawal could, however, lead to a termination or suspension of the account of the respective user as the processing of information is necessary to operate the Platform properly.

2. The uploaded personal and/or commercial information may be transferred to and maintained on servers located outside of Switzerland and the European Union to which users give their consent.

3. SFTL will take appropriate technical and organizational measures to protect data against unauthorized use and processing.

4. The information provided to the Platform will be accessible by the registered users. The users agree further that all information they provide to the Platform may be used by SFTL for commercial and statistical purposes.

Intellectual Property

1. Registered investors and startups retain the copyright and all intellectual property rights on the information, documents, files and other content which they uploaded to the Platform. All information, documents, files and content published on the Platform by SFTL is owned by SFTL or a license has been granted to SFTL as provider of VC4Diversity to use such content on the Platform.

2. Registered investors and startups grant SFTL as operator of VC4Diversity a worldwide, nonexclusive, royalty-free license on all information, documents, files and content they provided to the Platform in order to use this data in connection with the Platform. Furthermore, registered investors and startups grant SFTL/ VC4Diversity a worldwide, nonexclusive, royalty-free license to use their trade names and trademarks for marketing purposes.

Intellectual Property

1. Registered investors and startups retain the copyright and all intellectual property rights on the information, documents, files and other content which they uploaded to the Platform. All information, documents, files and content published on the Platform by SFTL is owned by SFTL or a license has been granted to SFTL as provider of VC4Diversity to use such content on the Platform.

2. Registered investors and startups grant SFTL as operator of VC4Diversity a worldwide, nonexclusive, royalty-free license on all information, documents, files and content they provided to the Platform in order to use this data in connection with the Platform. Furthermore, registered investors and startups grant SFTL/ VC4Diversity a worldwide, nonexclusive, royalty-free license to use their trade names and trademarks for marketing purposes.

Governing Law and Jurisdiction

1. The use of the Platform as well as these GTC are governed by Swiss law (under the exclusion of the conflict of laws principles and international conventions).

2. Any conflict arising from or in connection with the use of the Platform and these GTC shall be submitted to the exclusive jurisdiction of the competent courts of Zug, Switzerland.