TERMS AND CONDITIONS OF USE AGREEMENT

This Terms and Conditions of Use Agreement (“Agreement”) constitutes a legally binding agreement made between you, whether personally as an agent, employee or authorized user of a business entity (including sole proprietors (“Client”,) (collectively with Client also includes “you,” or “your,” which encompasses any authorized user under your account who the parties agree is an express third-party beneficiary and similarly obligated to these terms and conditions) and AppTech Payments Corporation, and third parties as set forth herein (collectively “We,” or “AppTech”), concerning your access to and use of the AppTech web-based platform available via AppTech’s website online at https://www.AppTechCorp.com, and https://wordpress-590007-2936607.cloudwaysapps.com (collectively the “Website”) or, alternatively, the domain you use to access the AppTech gateway platform.

The Website provides a platform referred to as “Commerse.io” for AppTech’s business customers to use AppTech’s and third parties’ (such as Commerse) services, products, and solutions for businesses, including without limit, any software, data, reports, performance model, advertising, social media, electronic payment processing, transaction monitoring, or other information or programs accessed, downloaded or created through use of the Website include updates and additional features (the “Services”).  The Services are hosted in the United States.  This Agreement governs your use of the Services and is also governed and expressly incorporates by reference herein the following agreements:

• AppTech’s Privacy Policy available by clicking here
• AppTech’s Cookie Policy available by clicking here
• (if applicable) the Merchant Agreement between Client and AppTech, a copy of which is available upon any written request from Client; and
• (if selected by Client) the AppTech ACH Origination Agreement, a copy of which is available upon any written request from Client (collectively referred to herein as the “Operative Agreements.”)

By using the Website, setting up a subscription, or purchasing and/or using the Services, you signify your acceptance of this Agreement, and any amendments or updates hereto.

AppTech has the right to revise this Agreement, at any time by posting the revised Agreement on the Website without any further notice. All changes are effective immediately when AppTech posts them to the Website. Your continued use of the Website or the Services after any changes to this Agreement have been posted, shall be deemed your unconditional acceptance of those revisions.

1. 1. User Representations and Warranties.
      
      1. Eligibility.  By using the Services, including Commerse.io, you represent and warrant that: (i) all information you submit or input is truthful and accurate; (ii) you will maintain the accuracy of such information; (iii) if you are under 18, you are 13 years of age or older and the Client is your parent or legal guardian; (iv) your use of the Services does not violate any applicable law, regulation, rule, standard, or guideline that governs such use, including without limit all applicable federal, state, local, municipal, or governmental regulations and laws, and applicable industry standards (collectively, “Laws and Rules,”); (v) you are authorized to enter this Agreement; (vi) you are an authorized user of the business entity contracted, whether or not a Client, with AppTech to use the Services; (vii) you will comply with the Fair Credit Reporting Act, 15 U.S.C. § 1681 et. seq. (“FCRA”), as amended by the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”) and thereafter from time to time, the Americans with Disabilities Act (“ADA”) and other applicable equal opportunity laws, the Gramm-Leach-Bliley Act of 1999, 15 U.S.C. § 6801 et. seq. (“GLBA”), the Driver’s Privacy Protection Act of 1994, 18 U.S.C. § 2721(b)(3) (“DPPA”), the laws of the applicable state issuing Motor Vehicle Records (“MVR”), the Equal Credit Opportunity Act (“ECOA”), the Truth In Lending Act (“TILA”) and all other applicable Laws and Rules, as well as the permissions and limitations of AppTech.
      
      
      2. Requests for Changes. You expressly agree that for any requests made by you, which includes without limit, updates or changes to a merchant account, other deposit account, address, email, bank account, phone number, such requests are done by a user that is a duly authorized representative of the Client and that the individual making the request has the authority to do so and authorizes the request is correct.  Further Client, the signor, and the requestor, which are either parties to this Agreement or are expressly acknowledged as third-party beneficiaries or obligors, hereby agree to indemnify, defend, and hold harmless, AppTech and any third party that provides the Services, including without limit the Bank and Commerse.io as defined in any applicable Merchant Agreement with respect to the request(s).
      
      
      3. Account Approval and Underwriting. At any time during the term of this Agreement and your use of the Services, we may require additional information from you to verify beneficial ownership or control of Client, validate information you provided, verify your identity, and assess the risk associated with your business. This additional information may include business invoices, copies of government-issued identification, business licenses, or other information related to your business, your beneficial owners or principals, financial statements or records pertaining to your compliance with this Agreement or require you to provide a personal or corporate guarantee. Your failure to provide this information or material may result in suspension or termination of your access to the Services.
      
      
      4. Client Responsibilities. You expressly represent and acknowledge that the Services cannot replace your duties to manage and monitor Client’s business, and that the Services are provided “as-is,” without any warranty as to fitness, merchantability, or otherwise, as set forth further below, and that Client is solely responsible to ensure that its business needs are met and that AppTech will not be responsible for any failures related to the Services, including without limit errors, inaccuracies, failures, delays, bugs, inconsistencies, or any other issues related to electronic payment processing transactions and/or monitoring and any losses, damages, fees, fines, or penalties related to your use of the Services. You agree to provide AppTech notice of any and all updates related to your and/or Client’s use of the Services, including without limit, any suspicious activity that may result in losses to you, Client, or AppTech, any change in Client’s business or change related to any of Client’s customers, and any potential breach of this Agreement.
      
      
      5. Management of Use. Client shall solely be responsible for the management of, security, and access to the Website and use of the Services, and shall safeguard and maintain confidential login information, including user IDs, passwords, and other secure identification mechanisms, whether provided or created through direct user account creation, email, or instructions provided to administrators, sales agents, and customer service representatives. Client shall not disclose or share its login information with any other person. In addition, Client shall be responsible for all user activity within the Website related to Client’s use of the Services.
      
      
      6. User Contributions. You are entirely responsible for the content of, and any harm resulting from, any content you upload to the Website or of which AppTech collects from you (collectively, “Contribution”).  When you create, upload or make available a Contribution, you thereby represent and warrant that: (i) the creation, distribution, transmission, public display and performance, accessing, downloading and copying of your Contribution does not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, publicity or trade secret rights of any third party; (ii) you have fully complied with any third-party licenses relating to your Contribution, and have done all things necessary to successfully pass through to viewers any required terms; (iii) your Contribution does not contain any viruses, worms, Trojan horses, malicious code or other harmful or destructive content; (iv) your Contribution is not obscene, lewd, lascivious, filthy, excessively violent, harassing or otherwise objectionable, libelous or slanderous, does not advocate the violent overthrow of the government of the United States, does not incite, encourage or threaten immediate physical harm against another, does not violate any applicable law, regulation, or rule, and does not violate the privacy or publicity rights of any third party; (v) your Contribution does not contain material that solicits personal information from anyone under 18 or exploits people under the age of 18 in a sexual or violent manner, and does not violate any federal or state law concerning child pornography or otherwise intended to protect the health or wellbeing of minors; (vi) if your employer has rights to intellectual property that is part and parcel to your Contribution, you have either (a) received permission from your employer to make available the Contribution, or (b) secured from your employer a waiver as to all rights in or to your Contribution; (vii) your Contribution does not violate any state or federal law designed to regulate electronic advertising; (viii) your Contribution does not amount to trolling, or the making of controversial statements for the sole purpose of generating responses by others; (ix) your Contribution does not constitute, contain, install or attempt to install or promote spyware, malware or other computer code, whether on AppTech’s or others computers or equipment, designed to enable you or others to gather information about or monitor the online or other activities of another party; (x) your Contribution does not inundate the Website or Commerse.io with communications or other traffic suggesting no serious intent to use the Website for its stated purpose; (xi) your Contribution does not otherwise violate, or link to material that violates, any provision of this Agreement or any applicable law or regulation; (xii) your Contribution is accurate and true to the best of your knowledge; (xiii) you expressly authorize AppTech to use your Contribution for any purpose including improving the Services to you and third parties; and (xiv) your Contribution does not contain pictures, data, audio or visual files, or any other content that is excessive in size, as determined by AppTech in its sole discretion.
      
      
      7. Prohibited Activities. You may not access or use, or allow others to access or use, the Website for illegal transactions, personal, family or household purposes, nor any purpose other than that for which AppTech makes it available.  Certain activities, even if legal, may violate the common rules of etiquette governing Contributions, as determined by AppTech in its sole discretion.  Prohibited activity includes, without limit (i) criminal or tortious activity, including child pornography, fraud, trafficking in obscene material, drug dealing, gambling, harassment, stalking, spamming, copyright infringement, patent infringement, or theft of trade secrets;  (ii) advertising to, or solicitation of, any user to buy or sell any products or services; (iii) transmitting chain letters or junk email to other users; (iv) using any information obtained from the Website including Commerse.io in order to contact, advertise to, solicit, or sell to any user without their prior explicit consent; (v) engaging in any automated use of the system, such as using scripts to add friends or send comments or messages; (vi) interfering with, disrupting, or creating an undue burden on the Website, Commerse.io or the networks or services connected to the Website; (vii) attempting to impersonate another user or person; (viii) using the username of another user; (ix) selling or otherwise transferring your profile; (x) using any information obtained from the Website in order to harass, abuse, or harm another person; (xi) displaying an advertisement, or accepting payment or anything of value from a third person in exchange for your performing any commercial activity on or through the Website or Commerse.io on behalf of that person, such as posting blogs or bulletins with a commercial purpose; (xii) using the Website or Commerse.io in a manner inconsistent with any and all applicable laws and regulations; (xiii) any access or attempt to access non-public AppTech or its vendors’ systems, programs, data, or services; (xiv) copy, reproduce, republish, upload, post, transmit, resell, or distribute in any way, any data, content, or any part of the Services, or any documentation, or the Website except as expressly permitted by applicable laws and regulations; (xv) act as service bureau or pass-through agent for the Services with no added value; (xvi) transfer any rights granted to you under this Agreement; (xvii) work around any of the technical limitations of the Services or enable functionality that is disabled or prohibited; (xviii) reverse engineer or attempt to reverse engineer the Services except as expressly permitted by Laws and Rules; (xix) perform or attempt to perform any actions that would interfere with the normal operation of the Services or affect use of the Services by our other users; or (xx) impose an unreasonable or disproportionately large load on the Services.
      
      
      8. Other Prohibited Activities. Offering, using, or permitting the use of the Services in any way related to any Prohibited Activities or businesses, including but not limited to: (i) illegal gaming and gambling, (ii) illegal firearms, (iii) illegal pharmaceuticals and related goods, (iv) illegal adult-related content and/or products, (v) any products and/or services that do not comply with any local, state, and/or federal laws, rules, or regulations, the enforcement policy of any governmental or entity that governs the performance hereunder, including the policies, rules, or guidelines of the credit card brands, including without limit, Visa, MasterCard, and Discover, and any Bank, financial institution or payment processor.
      9. Third Party Providers.  AppTech uses various third-party providers and offers their services with and through the Services (the “TPP Services.”) By using the Services, including purchasing/using any of the TPP Services, you expressly agree to the terms and conditions thereof which are expressly incorporated by reference in this Agreement.
      
      
   2. Intellectual Property Rights.
      
      1. Intellectual Property Ownership. Except for Contributions that are expressly owned by third parties, but including all other Contribution including data collected by AppTech such as transaction and ACH data, the content on the Website and Commerse.io, including without limitation, editorial or other content original to the Website including Commerse.io (“Materials”) and the trademarks, service marks and logos contained therein (“Marks”), are owned by or licensed to AppTech or its third-party vendors, subject to copyright and other intellectual property rights under United States and foreign laws and international conventions.
      
      
      2. Use of Intellectual Property. The Services, the Website and Commerse.io are provided to you AS IS for your information and personal use only and may not be used, copied, reproduced, distributed, transmitted, broadcast, displayed, sold, licensed, reverse engineered, or otherwise exploited for any other purposes whatsoever without the prior written consent of AppTech and/or third parties.  AppTech reserves all rights not expressly granted in and to the Website and the Materials.  You agree to not engage in the use, copying, or distribution of any of the Materials other than expressly permitted by AppTech, including any use, copying, or distribution of third parties’ materials obtained through the Website or Commerse.io for any commercial purposes.  If you download or print a copy of the Materials for personal use, you must retain all copyright and other proprietary notices contained therein.  You agree not to circumvent, disable, or otherwise interfere with security related features of the Website or features that prevent or restrict use or copying of any Materials or enforce limitations on use of the Website or the Materials therein.
      
      
      3. You may suggest or provide to AppTech certain improvements, concepts, ideas, know-how, techniques, software (including, without limitation, programs), program listings and programming tools and documentation (including, without limitation, manuals), techniques, reports and drawings developed or owned by you (collectively “Improvements,”) to improve the Website or Services.  You expressly agree that by supplying any Improvement to AppTech, you agree that AppTech may use the Improvements in any manner and that you waive any claim to ownership should AppTech use or implement the Improvement on the Website, Commerse.io or otherwise, and that you shall have no interest in or to that property as used by AppTech.
      
      
      4. Data Sharing, Use, and Sale. We will not collect, store, use, or sell any of your Biometric, Geo-Location data, or other data without your express consent.  Provided that you have given your express and informed consent, we may also share your data with third parties, including any provider of any of the Services, for the purpose of facilitating the compliance with Laws and Rules, improving the Services, or complying with any provider’s requests. Further, AppTech may sell your data to third parties. At any time, you may request information related to what data is collected and used or otherwise sold, and the identities of such third parties that use or gain access to your data from AppTech.
         
         Our automated systems analyze your Content, processing history, and other interactions with the Services including Commerse.io to provide you with the Services, improve the Services, and offer relevant products, services, and features, such as customized search results, and tailored advertising. This analysis occurs as your Data is sent, received, and when it is stored.
         
         For more information, visit our Privacy Policy: or additional terms for particular Services. If you submit feedback or suggestions about our Services, we may use your feedback or suggestions without obligation to you and any such action shall not modify the terms of any agreement between AppTech and you.
      
      
   3. AppTech’s Right to Manage the Website and Terminate Users.
      
      1. AppTech Website Management.  AppTech reserves the right but does not have the obligation to: (i) monitor the Website for violations of this Agreement; (ii) take appropriate legal action against anyone who, in AppTech’s sole discretion, violates this Agreement, including without limitation, reporting you to law enforcement authorities, Card Brands, or other entities or organizations; (iii) in AppTech’s sole discretion and without limitation, refuse, restrict access to or availability of, or disable (to the extent technologically feasible) any feature or any portion of the Services that may violate this Agreement, Laws and Rules, or any AppTech policy; (iv) in AppTech’s sole discretion and without limitation, notice or liability to remove from the Website including Commerse.io or otherwise disable all files and Content that are excessive in size or are in any way burdensome to AppTech’s systems; (v) terminate any authorized user, or your access to the Website, Commerse.io or Services; and (vi) to otherwise manage the Website and Commerse.io in a manner designed to comply with Laws and Rules, protect the rights and property of AppTech and others and to facilitate the proper functioning of the Website.
      
      
      2. AppTech’s Right to Terminate Users.  WITHOUT LIMITING ANY OTHER PROVISION OF THIS AGREEMENT, APPTECH RESERVES THE RIGHT TO, IN ITS SOLE AND ABSOLUTE DISCRETION, AND WITHOUT NOTICE OR LIABILITY DENY ACCESS TO AND USE OF THE WEBSITE OR COMMERSE.IO TO ANY PERSON FOR ANY REASON OR FOR NO REASON AT ALL, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY OR COVENANT CONTAINED IN THIS AGREEMENT, OR OF ANY APPLICABLE LAWS OR RULES.
   
   
   4. Data Security. AppTech has implemented and maintains reasonable security measures to protect data from unauthorized access, acquisition, destruction, use, modification, or disclosure.  Additionally, AppTech requires that all of its partners or affiliates that may have access to your data have agreed to implement and maintain reasonable security measures to similarly keep any data shared by AppTech confidential.  Further, should any potential or actual breach occur, AppTech has a dedicated team to respond to such breach and will keep you informed as necessary to maintain your privacy.
   
   
   5. THE SERVICES AND ANY ITEMS PURCHASED THROUGH THE SERVICES ARE BROUGHT TO YOU “AS IS” AND “WITH ALL FAULTS.” NEITHER APPTECH NOR ANY THIRD PARTIES THAT SELL OR PROVIDE THE SERVICES MAKES ANY WARRANTIES OR PROMISES ABOUT THE SERVICES OR ANY PRODUCT OR EQUIPMENT PURCHASED OR USED THEREUNDER INCLUDING COMMERSE.IO. FOR EXAMPLE, APPTECH MAKES NO PROMISES OR COMMITMENTS ABOUT THE FUNCTIONALITY OF THE ITEMS, OR THEIR QUALITY, DURABILITY, SAFETY, RELIABILITY, AVAILABILITY, OR ABILITY TO MEET YOUR NEEDS. SOME JURISDICTIONS PROVIDE FOR CERTAIN WARRANTIES, LIKE THE IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. TO THE EXTENT PERMITTED BY LAW, APPTECH EXCLUDES ALL WARRANTIES AND ALSO DISCLAIMS AND EXCLUDES ALL REMEDIES, DAMAGES OR FINANCIAL LOSSES INCLUDING REPAIR AND REPLACEMENT REMEDIES, DIMINUTION IN ITEM VALUE, INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES.
   
   
   6. Term.  This Agreement shall remain in full force and effect while you use the Services or are a user.  You may terminate your use or participation at any time, for any reason, by following the instructions on the Website or Commerse.io.  AppTech may terminate your use or participation at any time, without warning.  Even after your use and participation is terminated, this Agreement will remain in effect, including all sections and obligations that reasonably survive termination.
   
   
   7. Copyright Policy.  AppTech will terminate the Commerse.io account and access rights of any repeat infringer.  If you are a copyright owner or the legal agent of a copyright owner, and you believe that any user submission or content on the Website or Commerse.io infringes upon your copyrights, you may submit a notification pursuant to the Digital Millennium Copyright Act (“DMCA”) Notice (http://automattic.com/dmca)
   
   
   8. Modifications.  AppTech may modify this Agreement from time to time with or without notice to you and/or Client.  AppTech will alert all of Client’s authorized users of such changes by posting those changes on the Website and/or Commerse.io. You agree to be bound to any changes to this Agreement when you use the Services after any such modification is posted.  It is therefore important that you regularly review this Agreement to ensure you are informed of any changes.
   
   
   9. Disputes Between Users.  You are solely responsible for your conduct while using the Services.  AppTech reserves the right, but has no obligation, to monitor disputes between you and other authorized users, if applicable.
   
   
   10. Notice and Communications. You expressly authorize AppTech to contact you, your business, and anyone with access to the communication methods provided to Client under our preexisting relationship to offer promotions, special offers, marketing material, and/or information regarding my account, via text, email, telephone, and or fax, in order to facilitate your use of the Services. You expressly authorize AppTech to call/text/email you regarding your performance hereunder and to offer you additional products and services.  Your consent hereunder supersedes any request to not be contacted, such as your prior or subsequent registry on Do Not Call Lists and survives for the term hereof and beyond until you expressly request that AppTech cease contact with you.
       
       Electronic communications will be deemed received by you when AppTech sends the electronic communication to the email address associated with your Commerse.io account. For those communications or records that AppTech is otherwise required by law to provide to you in writing, you agree that AppTech may provide those communications or records by means of electronic communications. The following additional terms will apply to such electronic communications: (i) you may request a paper copy of such an electronic communication, and (ii) AppTech reserves the right to charge a fee to provide such paper copy.
       
       In addition to the electronic communications authorized under this section, statements, notices, and other communications to you may be made by mail, e-mail, or other reasonable means. AppTech may also provide notices of changes to these terms or other matters by displaying links to notices on the Website.
       
       AppTech will not charge you for text/SMS messages. However, you may see usage charges from your service provider depending on the type of data/rate plan you are currently on. You expressly agree to indemnify, defend, and hold harmless AppTech related to any charges, service interruptions, and/or other issues related to AppTech sending text messages and other communications to the contact information provided by you to AppTech.
       
       Your phone number and personal information will be safely stored in our database.  We do not share or sell this information with anyone, except as specifically disclosed in our Privacy Policy available here  you can unsubscribe from communications at any time by replying pursuant to the instructions and/or clicking on the unsubscribe and/or do not contact link. Notifications can also be modified under your account settings then by clicking on notifications.
   
   
   11. Binding Arbitration. ANY DISPUTE OR CLAIM BETWEEN THE PARTIES ARISING OUT OF OR RELATED TO THIS AGREEMENT SHALL BE FULLY AND FINALLY RESOLVED BY BINDING ARBITRATION IN SAN DIEGO COUNTY CALIFORNIA IN ACCORDANCE WITH THE COMMERCIAL ARBITRATION RULES AND PRACTICES OF THE AMERICAN ARBITRATION ASSOCIATION (“AAA”) FROM TIME TO TIME IN FORCE AND EFFECT. THIS AGREEMENT TO ARBITRATE SHALL BE SPECIFICALLY ENFORCEABLE AND IS THE EXCLUSIVE REMEDY FOR THE RESOLUTION OF SUCH DISPUTES UNDER THIS AGREEMENT. THERE SHALL BE A SINGLE ARBITRATOR, WHO MUST BE (I) A LAWYER ENGAGED FULL-TIME IN THE PRACTICE OF LAW AND A MEMBER IN GOOD STANDING OF THE STATE BAR OF CALIFORNIA AND (II) ON THE AAA REGISTER OF ARBITRATORS. WITHIN THIRTY (30) DAYS OF THE CONCLUSION OF THE ARBITRATION HEARING, THE ARBITRATOR SHALL PREPARE WRITTEN FINDINGS OF FACT AND CONCLUSIONS OF LAW. JUDGMENT ON THE WRITTEN AWARD MAY BE ENTERED AND ENFORCED IN ANY STATE OR FEDERAL COURT LOCATED IN SAN DIEGO COUNTY CALIFORNIA. THE PARTIES HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE TRIBUNAL SO SELECTED, TO THE EXCLUSION OF ANY OTHER COURT WHICH MIGHT HAVE HAD JURISDICTION APART FROM THIS SECTION, WAIVE ANY DEFENSE OF LACK OF IN PERSONAM JURISDICTION OF SUCH COURTS AND AGREE THAT SERVICE OF PROCESS IN ANY ACTION BEFORE SUCH COURTS MAY BE MADE BY MAILING IT TO THE PARTY TO BE SERVED AT THE ADDRESS PROVIDED HEREIN.  IT IS MUTUALLY AGREED THAT THE WRITTEN DECISION OF THE ARBITRATOR SHALL BE VALID, BINDING, FINAL AND NON-APPEALABLE; PROVIDED HOWEVER, THAT THE PARTIES HERETO AGREE THAT THE ARBITRATOR SHALL NOT HAVE THE AUTHORITY TO AWARD PUNITIVE DAMAGES AGAINST ANY PARTY TO SUCH ARBITRATION.  THE ARBITRATOR SHALL REQUIRE THE NON-PREVAILING PARTY TO PAY THE ARBITRATOR’S FULL FEES AND EXPENSES OR, IF IN THE ARBITRATOR’S OPINION THERE IS NO PREVAILING PARTY, THE ARBITRATOR’S FEES AND EXPENSES WILL BE BORNE EQUALLY BY THE PARTIES THERETO. EACH OF THE PARTIES HERETO FURTHER AGREES THAT IT WILL NOT BECOME A MEMBER OF ANY CLASS-WIDE LITIGATION OR ARBITRATION AND WILL NOT INITIATE ANY CLASS ACTION LITIGATION OR ARBITRATION AGAINST THE OTHER PARTY. FURTHER THE PARTIES AGREE THAT THEY WILL NOT ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OF ANY GROUP, CLASS, OR OTHERWISE SIMILARLY SITUATED INDIVIDUAL OR ENTITY.
   
   
   12. Disclaimers. AppTech cannot control the nature of much of the Services available on the Website and/or Commerse.io.  By operating the Website and/or Commerse.io, AppTech does not represent or imply that AppTech endorses any content, Contributions or other content available on or linked to by the Website, including without limitation content hosted on third party websites, or that AppTech believes such services or content to be accurate, useful or non-harmful.
       
       YOU AGREE THAT YOUR USE OF THE WEBSITE WILL BE AT YOUR SOLE RISK.  TO THE FULLEST EXTENT PERMITTED BY LAW, APPTECH, ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE WEBSITE AND YOUR USE THEREOF.  APPTECH MAKES NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SERVICES, THE WEBSITE’S AND/OR COMMERSE.IO’S CONTENT, OR THE CONTENT OF ANY SERVICES OR WEBSITES LINKED TO THIS WEBSITE AND ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY (A) ERRORS, MISTAKES OR INACCURACIES OF THE SERVICES,  CONTENT, REPORTS, AND MATERIALS, (B) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF THE WEBSITE OR SERVICES, (C) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (D) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE WEBSITE OR SERVICES, (E) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SERVICES OR WEBSITE BY EXCLUSIVE OR ANY THIRD PARTY, (F) CLIENT’S INTERNAL DATA SECURITY, AND/OR (G) ANY ERRORS OR OMISSIONS IN ANY CONTENT AND MATERIALS OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE WEBSITE AND/OR COMMERSE.IO.  APPTECH DOES NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED THROUGH THE WEBSITE OR ANY HYPERLINKED WEBSITE OR FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND APPTECH WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES.  AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE.  APPTECH SPECIFICALLY DISCLAIMS ALL WARRANTIES INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.
   
   
   13. Limitation on Liability. IN NO EVENT SHALL APPTECH BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT DAMAGES ARISING FROM YOUR USE OF THE SERVICES, THE WEBSITE AND/OR COMMERSE.IO, EVEN IF APPTECH HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, APPTECH’S LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO AN AGGREGATE AMOUNT OF $10,000.
   
   
   14. Indemnity. To the extent permitted by applicable Laws and Rules, you agree to defend, indemnify and hold AppTech, its subsidiaries, and affiliates, and their respective officers, agents, partners and employees, harmless from any loss, liability, claim, or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of your use of the Website, Commerse.io or the Services in violation of Laws and Rules, this Agreement and/or arising from a breach of this Agreement and/or any breach of your representations and warranties set forth above and/or if any use of the Services, the Website and/or Commerse.io, or if the Website, Commerse.io or Services causes AppTech to be liable to another.
   
   
   15. Other. This Agreement, including all third-party agreements constitute the entire agreement between you and AppTech regarding the use of the Website, Commerse.io, and the Services.  The failure of AppTech to exercise or enforce any right or provision of this Agreement shall not operate as a waiver of such right or provision.  The section titles in this Agreement are for convenience only and have no legal or contractual effect.  This Agreement operates to the fullest extent permissible by law.  If any provision or part of a provision of this Agreement is unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from this Agreement and does not affect the validity and enforceability of any remaining provisions.
   
   
   16. Notices and Contact; Consent to Electronic Disclosures and Notices.  AppTech’s corporate headquarters is located at 5876 Owens Ave., Suite 100, Carlsbad, CA 92008, and all notices may be mailed there to Attn: Legal Department.  In addition, you and Client shall use its best efforts to send all notices to AppTech via email with receipt acknowledged to [email protected].  All notices to you and/or Client shall be made as stated below.  You expressly agree that AppTech shall not be responsible for any failure by you to review notices from AppTech.
       
       By registering to use the Services, the Website and/or Commerse.io, you agree that such registration constitutes your electronic signature, and you consent to electronic provision of all disclosures and notices from AppTech related to your and Client’s use of the Services, the Website and/or Commerse.io (“Notices”), including those required by Laws and Rules. You also agree that your electronic consent will have the same legal effect as a physical signature.
       
       You agree that AppTech can provide Notices regarding the Services to you through the Website and/or Commerse.io, or by mailing Notices to the email or physical addresses identified in your AppTech or Commerse.io account. Notices may include notifications about your use of the Services, changes to the Services, or other information we are required to provide to you. You also agree that electronic delivery of a Notice has the same legal effect as if we provided you with a physical copy. We will consider a Notice to have been received by you within 24 hours of the time a Notice is either posted through the Website or emailed to you.
       
       You further authorize us to provide Notices to you via text message to allow us to verify your or Client’s control over your account (such as through two-step verification), and to provide you with other critical information. Standard text or data charges may apply to such Notices. Where offered, you may disable text message notifications through the Website by responding to any such message with “STOP”, or by following instructions provided in the message. However, by disabling text messaging, you may be disabling important security controls to your access to the Website, Commerse.io, and/or the Services, and may increase the risk of loss to your business.
       You will need a computer or mobile device, Internet connectivity, and an updated browser to access the Website, Commerse.io, and/or the Services, and review the Notices provided to you thereon. If you are having problems viewing or accessing any Notices, please contact us and we can find another means of delivery.  Due to the nature of the Services, you will not be able to begin using the Services without agreeing to electronic delivery of Notices. However, you may choose to withdraw your consent to receive Notices electronically by terminating your access to the Website or use of the Services.
   
   
   17. Electronic Signature Authorization.  Under the Electronic Signatures in Global and National Commerce Act (E-Sign), all electronically executed documents related hereto are legally binding in the same manner as are hard copy documents executed by hand signature when: (a) AppTech or user’s electronic signature is associated with the documents, (b) AppTech or user consents and intend to be bound by the documents, and (c) the document is delivered in an electronic record capable of retention by the recipient at the time of receipt (i.e., email, print or otherwise store the electronic record). When accepted in electronic form all electronic documents shall be governed by the provisions of E-Sign. By pressing “Submit”, “Accept” or “I Agree”, or otherwise making any indication that AppTech or user, as the case may be, agrees: (i) that the documents shall be effective by electronic means, (ii) to be bound by the terms and conditions of the documents, and (iii) that it has had the ability to print or otherwise store the documents.  Should you desire to not E-sign any document, email AppTech at [email protected] or you can email directly to your representative.
   
   
   18. Privacy Notice.  In addition to the AppTech Privacy Policy found here, you acknowledge and agree to the following terms regarding contact with AppTech:  (a) Telephone Calls: telephone calls placed to and/or from AppTech may be recorded, transcribed, monitored, analyzed and archived by AppTech during the course of the contractual relationship between the parties. You have the sole responsibility to notify AppTech prior to any commencement of a call that you do not consent to the recording, transcription, monitoring, archiving, and analysis of the call.  AppTech makes no representations or warranties with respect to any use of a recorded call by AppTech or affiliates. (b) Emails:  you expressly consent to AppTech providing notices via email to the email address(es) associated with you and Client provided to AppTech during the application process or through the Website. You may adjust your subscription settings at any time by following the link in the email correspondence, or by updating your preferences on the Website at www.AppTechCorp.com. No separate communication shall be deemed to supersede this acknowledgement.
   
   
   19. Payment Processing Services.  AppTech works with various affiliates, Payment Method Providers and Payment Method Acquirers to provide you with access to the Payment Methods and Payment Processing Services. Where the Payment Processing Services enable you to submit Charges (as defined below), we may limit or refuse to process Charges for any Restricted Businesses, or for Charges submitted in violation of this Agreement. Your use of a Payment Method may be subject to separate terms applicable to the Payment Method.
       
       The following terms used in this Agreement relate to your use of Payment Processing Services:
       • “Charge” means a credit or debit instruction to capture funds from an account that purchasers of your goods or services or donors to your organization (your “Customers”) maintain with a bank or other financial institution in connection with a Transaction.
       • “Dispute” means an instruction initiated by a Customer for the return of funds for an existing Charge (including a chargeback or dispute on a payment card network; and disputes on the Automated Clearinghouse (ACH) network).
       • “Fine” means any fines, levies, or other charges imposed by us, a Payment Method Provider or a Payment Method Acquirer, caused by your violation of Laws or this Agreement, or as permitted by the applicable Payment Method Rules.
       • “Payment Method Rules” means the guidelines, bylaws, rules, and regulations imposed by the Payment Method Providers and Payment Method Acquirers that operate Payment Methods supported by AppTech (including the payment card network operating rules (“Network Rules”) for the Visa, Mastercard, Discover and American Express networks; and the NACHA operating rules that apply to the ACH network).
       • “Payment Method” means a type of payment method that AppTech accepts as part of the Payment Processing Services, such as credit card, debit card, and ACH.
       • “Payment Method Acquirer” means a financial institution that is authorized by a Payment Method Provider to enable the use of a Payment Method by accepting Charges from Customers on behalf of the Payment Method Provider and routing these Charges to the Payment Method Provider.
       • “Payment Method Provider” means the provider of a Payment Method, such as Visa, Mastercard, Discover, and American Express.
       • “Payment Processing Services” are Services that you may use to accept payments from your Customers for Transactions, perform other financial transactions, manage subscriptions, and perform transaction reporting.
       • “Refund” means an instruction initiated by you to return funds to a Customer for an existing Charge.
       • “Return” means an instruction initiated by you, a Customer, a Payment Method Provider or a Payment Method Acquirer to return funds unrelated to an existing Charge.
       • “Reversal” means an instruction initiated by a Payment Method Provider, a Payment Method Acquirer or us to return funds for an existing Charge. Reversals may result from (i) invalidation of a charge by a Payment Method Provider or a Payment Method Acquirer; (ii) funds settled to you in error or without authorization; and (iii) submission of a Charge in violation of the applicable Payment Method Rules, or where submission of the Charge or your use of Payment Processing Services violates this Agreement.
         
         1. Registering for Use of Payment Processing Services. When you register use the Website, including without limit Commerse.io, you may be asked for financial information, or information we use to identify you, your representatives, principals, beneficial owners, and other individuals associated with such use. Throughout the term of this Agreement, we may share information about your use of the Website with Payment Method Providers and Payment Method Acquirers in order to verify your eligibility to use the Payment Processing Services, establish any necessary accounts or credit with Payment Method Providers and Payment Method Acquirers, monitor Charges and other activity, and conduct risk management and compliance reviews. We may also share your Data (as that term is defined below) with Payment Method Providers and Payment Method Acquirers for the purpose of facilitating the compliance of AppTech, the Payment Method Providers, and the Payment Method Acquirers with applicable Laws and Payment Method Rules. We will review and may conduct further intermittent reviews of your account information to determine that you are eligible to use the Payment Processing Services. Our use of the information you provide to us under this Agreement is described in more detail in the Operative Agreements.
            
            AppTech is not a bank and does not accept deposits, provide loans or extend credit. If you accept payment for products or services (including events such as concerts or other performances) not immediately deliverable to the Customer (a “Preorder”), we may, in our sole discretion, initiate Reversals or hold Reserves for all or a portion of the Charges processed by us for a Preorder. If you would like to receive payment for a Preorder, please contact us before doing so.
         
         
         2. Processing Transactions; Disputes, Refunds, Reversals. You may only submit Charges through the Payment Processing Services that are authorized by your Customers. To enable us to process Transactions for you, you authorize and direct us, our affiliates, the Payment Method Providers and Payment Method Acquirers to receive and settle any payment processing proceeds owed to you through the Payment Processing Services. You may not, other than as required by the Financial Services Terms or Payment Terms (each as defined below), grant or assign any interest in payment processing proceeds to any third party until such time as the payment processing proceeds are deposited into your Payout Account (as defined below). You appoint AppTech and AppTech’s payment processing affiliates as your agents for the limited purpose of directing, receiving, holding and settling such proceeds. You agree that AppTech’s or such affiliates’ receipt of such proceeds satisfies the relevant end-customer’s obligations to make payments to you. We will promptly update your AppTech Account balance to reflect any such proceeds that we receive on your behalf.
            
            Except where AppTech and a Customer have otherwise agreed, you maintain the direct relationship with your Customers and are responsible for: (i) acquiring appropriate consent to submit Charges through the Payment Processing Services on their behalf; (ii) providing confirmation or receipts to Customers for each Charge; (iii) verifying Customers’ identities; and (iv) determining a Customer’s eligibility and authority to complete Transactions. However, even authorized Transactions may be subject to a Dispute. AppTech is not responsible for or liable to you for authorized and completed Charges that are later the subject of a Dispute, Refund, or Reversal, are submitted without authorization or in error, or violate any Laws.
            
            You are immediately responsible to us for all Disputes, Refunds, Reversals, Returns, or Fines regardless of the reason or timing. We may decline to act upon a Refund instruction, or delay execution of the instruction, if: (i) it would cause your AppTech Account balance to become negative; (ii) you are the subject of Bankruptcy Proceedings; or (iii) where we otherwise believe that there is a risk that you will not meet your liabilities under this Agreement (including with respect to the Charge that is the subject of the Refund instruction).
            
            In many but not all cases, you may have the ability to challenge a Dispute by submitting evidence through the API or Commerse.io. We may request additional information to provide to Payment Method Providers and Payment Method Acquirers to assist you in contesting the Dispute, but we cannot guarantee that your challenge will be successful. Payment Method Providers and Payment Method Acquirers may deny your challenge for any reason they deem appropriate. Where a challenge is entirely or partially successful, your AppTech Account will, subject to our exercise of our rights under section 19(i) below, be credited with the funds associated with the Charge that is the subject of the Dispute (or a portion thereof). You may not submit a new Charge which duplicates a Transaction that is subject to a Dispute.
            
            Please keep in mind that, you are liable for all losses you incur when lost or stolen payment credentials or accounts are used to purchase products or services from you. AppTech does not and will not insure you against losses caused by fraud under any circumstances. For example, if someone pretends to be a legitimate buyer but is a fraudster, you will be responsible for any resulting costs, including Disputes, even if you do not recover the fraudulently purchased product.
            
            A Reversal for a Charge may be issued if the Charge is made without the account owner’s authorization or in connection with a restricted business, violates the applicable Payment Method Rules, or for other applicable reasons. If a Reversal is issued, we will provide you Notice and a description of the cause of the Reversal.
         
         
         3. Responsibilities and Disclosures to Your Customers. It is very important to us that your Customers understand the purpose, amount, and conditions of Charges you submit to us. With that in mind, when using the Payment Processing Services you agree to: (i) accurately communicate, and not misrepresent, the nature of the Transaction, and the amount of the Charge in the appropriate currency prior to submitting it to the API; (ii) provide a receipt that accurately describes each Transaction to Customers; (iii) provide Customers a meaningful way to contact you in the event that the product or service is not provided as described; (iv) not use Services to sell products or services in a manner that is unfair or deceptive, exposes Customers to unreasonable risks, or does not disclose material terms of a purchase in advance; and (v) inform Customers that AppTech and its affiliates process Transactions (including payment Transactions) for you. You also agree to maintain and make available to your Customers a fair and neutral return, refund, cancellation, or adjustment policy, and clearly explain the process by which Customers can receive a Refund.
            
            The Payment Processing Services may include functionality that enables you to receive recurring or subscription payments from your Customers, and to issue invoices to your Customers. If you use the Payment Processing Services to submit recurring or subscription Charges, you agree to comply with applicable Laws and Payment Method Rules, including clearly informing Customers in advance of submitting the initial Charge that they will be charged on an ongoing basis and explaining the method for unsubscribing or cancelling their recurring billing or subscription. If you use the Payment Processing Services to issue invoices to your Customers, you understand and agree that it is your responsibility to ensure that the form and content of the invoices comply with applicable Laws and are sufficient to achieve any legal or tax effect that you are trying to achieve.
            
            If you engage in Transactions with Customers who are individuals (i.e., consumers), you specifically agree to provide consumers disclosures required by Law, and to not engage in unfair, deceptive, or abusive acts or practices (“UDAAP”).
         
         
         4. Payment Terms and Financial Services Terms. Your use of the Payment Processing Services may be subject to additional terms that apply between you and one or more of AppTech, a AppTech affiliate, a Payment Method Provider, and a Payment Method Acquirer. When these additional terms relate to a specific Payment Method they are “Payment Terms”, and when they relate to specific Payment Processing Services they are “Financial Services Terms”. By using the Payment Processing Services, you agree to the applicable Payment Terms and Financial Services Terms (as set by AppTech’s payment processors), including those that separately bind you with our affiliates, Payment Method Providers and/or Payment Method Acquirers. Additionally, a Payment Method Provider may enforce the terms of this Agreement directly against you.
            
            We may add or remove Payment Method Providers and Payment Method Acquirers at any time. The Payment Terms and Financial Services Terms may also be amended from time to time. Your continuing use of the Payment Processing Services constitutes your consent and agreement to such additions, removals and amendments.
         
         
         5. Specific Payment Methods.
            
            1. Payment Cards: When accepting payment card payments, you must comply with all applicable Network Rules, including the Visa Rules and Regulations Rulesspecified by Visa U.S.A., Inc. and Visa International (“Visa”), the Mastercard Rules specified by MasterCard International Incorporated (“Mastercard”), the American Express Merchant Operating Guide specified by American Express, and the Discover Network Rules (please contact Discover for a copy) specified by Discover Financial Services, LLC (“Discover”). Collectively, Visa, Mastercard, American Express and Discover are referred to in this Agreement as the “Networks”.
               
               In addition, certain Networks may require that you enter into a direct contractual relationship the Payment Method Acquirer Transactions processed through the applicable Network which may include third party Payment Method Acquirers and their respective terms and conditions related to use of Payment Processing Services.
               
               The Network Rules state that you may only accept payments using payment cards for bona fide legal commercial transactions between you and your Customers for goods or services that are free of liens, claims, and encumbrances. You may only use payment network trademarks or service marks consistent with the Network Rules, and the Network Rules also limit your ability to discriminate by card type or charge surcharges for acceptance of payment cards.
               
               

               The Networks may amend the Network Rules at any time without notice to you, and AppTech reserves the right to change the Payment Processing Services at any time to comply with the Network Rules. We may share with the Networks (and the Payment Method Acquirer) information you provide to us that we use to identify the nature of your products or services, including the assignment of your business activities to a particular payment network merchant category code (MCC).
               
               Customers typically raise payment card network Disputes (also known as “chargebacks”) when a merchant fails to provide the product or service to the Customer, or where the payment card account holder did not authorize the Charge. High Dispute rates (typically those exceeding 1%) may result in your inability to use the Payment Processing Services. Failure to timely and effectively manage Disputes with your Customers may ultimately result in your inability to accept payment cards for your business.
               
               When you accept payment card Transactions, Network Rules specifically prohibit you from (A) providing cash refunds for a Charge on a credit card, unless required by Laws, (B) initiating a Refund more than five calendar days after issuing a credit to your Customer, (C) accepting cash, its equivalent, or any other item of value for a Refund, (D) acting as a payment facilitator, intermediary or aggregator, or otherwise reselling Payment Processing Services on behalf of others, (E) submitting what you believe or know to be a fraudulent Charge or a Charge that has not been authorized by the cardholder, (F) submitting a Charge where the Transaction has not been completed or the goods or services have not been shipped or provided (except where the cardholder has paid a partial or full prepayment or the cardholder’s consent is obtained for a recurring transaction), (G) splitting Transactions into multiple Charges unless certain criteria are met, or (H) using Payment Processing Services in a manner that is an abuse of the payment card networks or a violation of the Network Rules.
               
               If you misuse the Payment Processing Services for payment card Transactions or engage in activity the Networks identify as damaging to their brand, or if we are required to do so by the Network Rules, we may submit information about you, Representatives, your beneficial owners and principals, and other individuals associated with your AppTech Account, to the MATCH terminated merchant listing maintained by Mastercard and accessed and updated by Visa and American Express, or to the Consortium Merchant Negative File maintained by Discover. Addition to one of these lists may result in your inability to accept payments from payment cards. You understand and consent to our sharing this information and to the listing itself, and you will fully reimburse us for any losses we incur from third-party claims, and you waive your rights to bring any direct claims against us that result from such reporting. Our reporting of information under this paragraph is separate from any other right that we may exercise under this Agreement, and we may separately terminate this Agreement or suspend your AppTech Account due to the misuse or damaging activity that caused us to make the report.
               
               If you engage a third-party processor to create and deliver a payment card transaction directly to the payment card network, then you may be able to specify that the transaction will be cleared and settled by AppTech via our Payment Processing Services. If you intend to make use of this service with respect to the AppTech Payment Processing Services, you first must notify us. If you engage a third party to deliver this service, and you are permitted to designate AppTech in this manner, then you take the risk of the third party properly delivering the transaction to the payment card network. You understand and agree that AppTech will only clear and settle to you funds for transactions that are actually received by the payment card network. You further assume responsibility for any failure by such third party to comply with the applicable Network Rules.

            
            
            2. Automated Clearinghouse (ACH): The ACH network is controlled and managed by the National Automated Clearinghouse Association (NACHA) and its member organizations. Where submitting Charges over the ACH network, you are required to comply with the NACHA Operating Rules. NACHA may amend the NACHA Operating Rules at any time, and we may amend this Agreement or make changes to the Payment Processing Services as necessary to comply with the NACHA Operating Rules.
               
               

               You understand and accept your role as the Originator (as defined in the NACHA Operating Rules). You agree to obtain your Customer’s consent to debit or credit their bank account and initiate a Charge over the ACH network. Such consent must be in a form and manner that complies with the NACHA Operating Rules and the Documentation for ACH Transactions. As with other Payment Processing Services, you may not, and may not attempt to send or receive funds to or from a person, entity, or state where such Transactions are prohibited by applicable Law. You also agree to maintain the security and integrity of all information you collect as part of an ACH Transaction.
               
               Any Disputes or unauthorized Charges using the ACH network may result in you becoming unable to accept ACH payments.

            
            
            3. Money transmission: Certain services offered as part of the Services are money transmission within the meaning of Laws that apply to those Services. To the extent that your use of the Services is money transmission or similarly regulated services, those Services are provided to you by AppTech Payments Corporation. Please review the AppTech Payments Corporation Terms carefully, as those are the Financial Services Terms applicable to the Services provided by AppTech Payments Corporation.
            
            
            4. American Express conversion: If your American Express Transaction volume exceeds a threshold amount set by American Express, American Express may convert you to a direct American Express merchant, which means that your acceptance of American Express Transactions will be governed by American Express’ then-current Card Acceptance Agreement, and your pricing and other fees for the acceptance of American Express Transactions will be directly agreed between you and American Express. In the event of such conversion, your relationship with AppTech will not be otherwise affected, and AppTech will continue to process your American Express Transactions in accordance with this Agreement.
            
            
         6. Settlement and Payout Schedule.
            
            1. Your Payout Account: AppTech will, with its banking partners, arrange to settle funds to the bank or other financial institution account that you designate (your “Payout Account”). You affirm that you are authorized to initiate settlements to and debits from the Payout Account, and that the Payout Account is owned by you, titled in your legal or trade name, and administered and managed by a financial institution located in the United States of America. If you update your Payout Account (including via Commerse.io) then you must ensure that you continue to comply with the requirements of this section. We may require you to provide us with documentary proof demonstrating your compliance with this section, and your failure to provide such proof will constitute a breach of this Agreement.
            
            
            2. Settlement to Your Payout Account: A positive balance in your AppTech Account will result in settlement to your Payout Account and a negative balance in your AppTech Account will result in a deduction, set-off and/or debit of the amounts owed in accordance with Section 19(i) below. We may reduce the amount settled to your Payout Account by the amount of Fees, Fines, and amounts owed to us for any reason. If a settlement or debit is processed via ACH, you acknowledge that the NACHA Operating Rules will apply to the settlement or debit, and you agree to be bound by these rules.
            
            
            3. Settlement to third party recipients: We may offer you the ability to have funds settled to another person (a “third party recipient”) as instructed by you to AppTech (including by transferring all or part of the positive balance in your AppTech Account to the AppTech Account of such third-party recipient), instead of settling funds to your Payout Account. If AppTech Payments Corporation settles funds to a third party recipient (or transfers all or part of the balance in your AppTech Account to the AppTech Account of a third party recipient) as instructed by you, you agree that this satisfies AppTech’s and AppTech Payment Corporation’s obligations (and any applicable Payment Method Provider’s and Payment Method Acquirer’s obligations) to settle funds to you, and we will promptly update your AppTech Account balance to reflect such settlement or transfer.
            
            
            4. Multi-currency Processing. We may offer you the ability to have funds settled to your Payout Account in a currency different from the one in which you accepted payment from a customer (“Multi-Currency Processing”). To use this service, you must provide us with a valid Payout Account for each currency for which you request settlement, based on our list of available settlement currencies. We may add or remove currencies from our list of available settlement currencies at any time. If you use Multi-Currency Processing, we will identify at the time of the Charge (for example, through the API), the conversion rate that will apply to the Charge. If you Refund a Charge, the conversion rate that will apply will be the rate in effect at the time of the Refund, not the Charge. By submitting a Charge or Refund you will be deemed to have accepted the applicable conversion rate. You may choose not to use the Multi-Currency Processing service at any time. You may also change the Payout Account information or other settings associated with your use of Multi-Currency Processing, but any such changes will only affect subsequent Charges.
            
            
            5. Payout Schedule: The term “Payout Schedule” refers to the time it takes for us to initiate settlement to your Payout Account. Your Payout Schedule is specified in Commerse.io. AppTech may require a holding period before making initial settlement to the Payout Account. After the initial settlement of funds, we will settle funds to the Payout Account according to the Payout Schedule; however, please be aware that a Payment Method Provider, a Payment Method Acquirer, or the financial institution holding your Payout Account, may delay settlement for any reason. We are not responsible for any action taken by the institution holding your Payout Account to not credit the Payout Account or to otherwise not make funds available to you as you expected.
               
               

               We reserve the right to change the Payout Schedule or to suspend settlement to you. Examples of situations where we may do so are: (A) where there are pending, anticipated, or excessive Disputes, Refunds, or Reversals; (B) in the event that we suspect or become aware of suspicious activity; or (C) where we are required by Law or court order. We have the right to withhold settlement to your Payout Account upon termination of this Agreement if we reasonably determine that we may incur losses resulting from credit, fraud, or other legal risks associated with your AppTech Account. If we exercise our right to withhold a Payout for any reason, we will communicate the general reason for withholding the Payout and give you a timeline for releasing the funds.

            
            
            6. Incorrect Settlement: The information required for settlement will depend on the financial institution holding the Payout Account. Please make sure that any information about the Payout Accounts that you provide to us is accurate and complete. If you provide us with incorrect information (A) you understand that funds may be settled to the wrong account and that we may not be able to recover the funds from such incorrect transactions and (B) you agree that you are solely responsible for any losses you or third parties incur due to erroneous settlement transactions, you will not make any claims against us related to such erroneous settlement transactions, and you will fully reimburse us for any losses we incur.
            
            
         7. Clearing Funds and Reserves. All funds resulting from Charges are held in pooled clearing accounts (the “Clearing Accounts”) with our banking partners. We will settle funds to and from the Clearing Accounts in the manner described in this Agreement; however, you have no rights to the Clearing Accounts or to any funds held in the Clearing Accounts, you are not entitled to draw funds from the Clearing Accounts, and you will not receive interest from funds maintained in the Clearing Accounts.
            
            

            In certain circumstances, we may require you to place funds in reserve or to impose conditions on the release of funds (each a “Reserve”). We may impose a Reserve on you for any reason if we determine that the risk of loss to AppTech, Customers, or others associated with your AppTech Account is higher than normal. For example, we may hold a Reserve if: (i) your or your Customers’ activities increase the risk of loss to us or to your Customers, (ii) you have violated or are likely to violate this Agreement, or (iii) your AppTech Account has an elevated or abnormally high number of Disputes. If we impose a Reserve, we will establish the terms of the Reserve and provide you Notice of the amount, timing, and conditions upon which the funds in the Reserve will be released to you. In many cases, the Reserve amount will be the entire amount of Charges processed using the Payment Processing Services. We may change or condition the terms of the Reserve based on our continuous assessment and understanding of the risks associated with your AppTech Account, if required to do so by Payment Method Providers or Payment Method Acquirers, or for any other reason. We may fund the Reserve with funds processed through your use of Payment Processing Services, by debiting the Payout Account or another bank account associated with your AppTech Account, or by requesting funds directly from you.
            
            To the extent possible, we prefer to identify the necessity for a Reserve in advance of establishing one. If you are concerned that we will impose a Reserve on you due to the nature of your business activities, please contact us before using the Services.

         
         
         8. Security Interests, Collection, and Set-Off Rights.
            
            1. Security Interests: You grant us a lien and security interest in all funds for Transactions that we process for you, including funds that we deposit into your Payout Accounts, as well as funds held in any other bank accounts to which such Transaction funds are deposited or transferred. This means that if you have not paid funds that you owe to us, your Customers, or to any of our affiliates, we have a right superior to the rights of any of your other creditors to seize or withhold funds owed to you for Transactions that we process through the Services, and to debit or withdraw funds from any bank account associated with your AppTech Account (including your Payout Accounts). Upon our request, you will execute and deliver any documents and pay any associated fees we consider necessary to create, perfect, and maintain a security interest in such funds (such as the filing of a form UCC-1).
            
            
            2. Collection and Set-Off Rights: You agree to pay all amounts owed to us and to our affiliates on demand. Your failure to pay amounts owed to us or to our affiliates under this Agreement is a breach and you will be liable for any costs we incur during collection in addition to the amount you owe. Collection costs may include, attorneys’ fees and expenses, costs of any arbitration or court proceeding, collection agency fees, any applicable interest, and any other related cost. Where possible, we will first attempt to collect or set-off amounts owed to us and to or affiliates from balances in your AppTech Accounts from your use of the Payment Processing Services or from funds that we hold in Reserve. However, we may collect any amounts you owe us under this Agreement by deducting or setting-off amounts that you owe from the AppTech account balance (or debiting the payout account for such AppTech account) for any AppTech account that we determine, acting reasonably, is associated with your AppTech Account. Similarly, we may deduct or set-off amounts from your AppTech Account balance (or debit your Payout Accounts) in order to collect amounts owed to us in relation to such associated AppTech accounts.
               
               

               In certain circumstances, we may require a personal, parent or other guarantee (a “Guarantee”) from a user’s principal, owner, or other guarantor. A Guarantee consists of a legally binding promise by an individual or an entity to pay any amounts the user owes in the event that the user is unable to pay. If we require you to provide us with a Guarantee, we will specifically inform you of the amount of, and the reasons for the Guarantee. If you are unable to provide such a Guarantee when required, you will not be permitted to use the Services.

            
            
         9. Reconciliation and Error Notification. io contains details of Charges, Charge history, and other activity on your AppTech Account. Except as required by Law, you are solely responsible for reconciling the information in Commerse.io generated by your use of Payment Processing Services with your records of Customer Transactions, and for identifying any errors. You agree to review your AppTech Account and immediately notify us of any errors. We will investigate any reported errors, including any errors made by AppTech or a Payment Method Provider, and, when appropriate, attempt to rectify them by crediting or debiting the Payout Account identified in Commerse.io. However, you should be aware that your ability to recover funds you have lost due to an error may be very limited or even impossible, particularly if we did not cause the error, or if funds are no longer available in any Payout Account. For Transaction errors, we will work with you and our Payment Method Providers to correct a Transaction error in accordance with the applicable Payment Method Rules. If you fail to communicate an error to us for our review without undue delay and, in any event, within 60 days after you discovered it and flagged it in Commerse.io, you waive your right to make any claim against us or our Payment Method Providers for any amounts associated with the error.
         
         
         10. Dormant Accounts. If you leave any funds dormant in a AppTech Account and you do not give us instructions where to send them, we may be required by Law to deem the funds to be abandoned by you, and to deliver them to various government agencies. To the extent required by Law, we will attempt to provide you Notice if we hold funds payable to you in an account beyond the applicable dormancy period for abandoned property. If we are unable to contact you, we will treat the funds in your AppTech Account to be abandoned and will deliver them to the appropriate government authority (such as the California Controller’s Office).
   
   
   20. Additional Legal Terms
       
       1. Right to Amend. We have the right to change or add to the terms of this Agreement at any time, solely with prospective effect, and to change, delete, discontinue, or impose conditions on use of the Services by posting such changes on our website or any other website we maintain or own. We will provide you with Notice of any changes through Commerse.io, via email, or through other reasonable means. If you are an existing AppTech user, the changes will come into effect 10 days after we post the changes to our website, and your use of the Services, API, or Data more than 10 days after we publish any such changes on our website, constitutes your acceptance of the terms of the modified Agreement. You can access a copy of the current terms of this Agreement on our website at any time. You can find out when this Agreement was last changed by checking the “Last updated” date at the top of the Agreement.
       
       
       2. Assignment. You may not assign this Agreement, any rights or licenses granted in this Agreement, or operation of your AppTech Account to others without our prior written consent. If you wish to make such an assignment, please contact us. If we consent to the assignment, the assignee must agree to assume all of your rights and obligations owed by you related to the assignment and must agree to comply with the terms of this Agreement. AppTech may assign this Agreement without your consent or any other restriction. If we make an assignment, we will provide reasonable Notice to you.
       
       
       3. Right to Audit. If we believe that a security breach, leak, loss, or compromise of Data has occurred on your systems, website, or app affecting your compliance with this Agreement, we may require you to permit a third-party auditor approved by us to conduct a security audit of your systems and facilities, and you must fully cooperate with any requests for information or assistance that the auditor makes to you as part of the security audit. The auditor will issue a report to us which we may share with our Payment Method Providers and Payment Methods Acquirers.
       
       
       4. Force Majeure. Neither party will be liable for any delays in processing or other nonperformance caused by telecommunications, utility, failures, or equipment failures; labor strife, riots, war, or terrorist attacks; nonperformance of our vendors or suppliers, fires or acts of nature; or any other event over which the respective party has no reasonable control. However, nothing in this section will affect or excuse your liabilities or your obligation to pay Fees, Fines, Disputes, Refunds, Reversals, or Returns under this Agreement.
       
       
       5. Representations and Warranties. By accepting the terms of this Agreement, you represent and warrant that: (i) you are eligible to register and use the Services and have the authority to execute and perform the obligations required by this Agreement; (ii) any information you provide us about your business, products, or services is accurate and complete; (iii) any Charges represent a Transaction for permitted products, services, or donations, and any related information accurately describes the Transaction; (iv) you will fulfill all of your obligations to Customers and will resolve all Disputes with them; (v) you will comply with all Laws applicable to your business and use of the Services; (vi) your employees, contractors and agents will at all times act consistently with the terms of this Agreement; (vii) you will not use Payment Processing Services for personal, family or household purposes, for peer-to-peer money transmission, or (except in the normal course of business) intercompany Transactions; and (viii) you will not use the Services, directly or indirectly, for any fraudulent or illegal undertaking, or in any manner that interferes with the normal operation of the Services.
       
       
       6. Responding to Legal Process. AppTech may respond to and comply with any writ of attachment, lien, levy, subpoena, warrant, or other legal order (“Legal Process”) that we believe to be valid. We or any Payment Method Provider (including, where applicable, the Payment Method Acquirer for the Payment Method) may deliver or hold any funds or, subject to the terms of our Privacy Policy, any Data as required under such Legal Process, even if you are receiving funds or Data on behalf of other parties. Where permitted by Law, we will make reasonable efforts to provide you Notice of such Legal Process by sending a copy to the email address we have on file for you. AppTech is not responsible for any losses, whether direct or indirect, that you may incur as a result of our response or compliance with a Legal Process.