MicroBilt User Agreement

THIS USER AGREEMENT (“Agreement”) is entered into as of the “Effective Date” (defined below) by and between MicroBilt Corporation, (“MicroBilt”) a Delaware corporation located at 1640 Airport Rd., Suite 115, Kennesaw, GA 30144 and the undersigned entity, (“User”).

WHEREAS, MicroBilt developed, is the owner of and has the right to control and permit access to use, among other things, its proprietary software programs, interface technology, equipment, and database information products and services website offering located at www.MicroBilt.com (“Website”), which provides the ability to securely access certain consumer credit and other information (“Credit Information”) from MicroBilt’s databases and/or one or more of the national consumer credit reporting agencies, TransUnion, Experian, Equifax (“Credit Bureaus”) and/or other financial, verification, consumer or business data (“Data”) and/or industry information and/or public record information (“Industry Information” and “Public Record Information” and together with Credit Information and Data, “Information”) from MicroBilt and various Data or Information providers (together with the Credit Bureaus, “Repositories” and each a “Repository”) and User desires to utilize such in accordance with the terms and conditions herein and the Website and MicroBilt is willing to and does permit User limited, nonexclusive, and nontransferable access to use MicroBilt’s products and services through the Internet and otherwise, in accordance with such terms and conditions.

NOW THEREFORE, in consideration of MicroBilt’s provision to User of the products and services specified in the application and fee schedule attached hereto as Exhibit A and incorporated herein by reference as if fully set forth, (“Fee Schedule”) and User’s payment of “Fees” (defined below) to MicroBilt therefore, of the mutual covenants and promises contained herein and of other good and valuable consideration, the extent and sufficiency of which is acknowledged between MicroBilt and User (each a “party” and together the “parties”), the parties hereto agree as follows:

1. User Agrees to:
   1. Abide as applicable, and as a third-party sales agent / distributor, if applicable, ensure its business customers (“Customers”) abide as applicable, by 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”), 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 Bank Secrecy Act of 1970, the Equal Credit Opportunity Act, 15 U.S.C. § 1691 et. seq (“ECOA”) and Regulation B (12 CFR Part 1002), the Truth In Lending Act (“TILA”) and Regulation Z, and all other applicable local, state and federal laws regarding Information, as well as the permissions and limitations of MicroBilt and the Repositories, when Information subject to such acts and laws is requested, accessed, used, stored and/or distributed.
   2. Obtain and maintain as valid throughout the “Term” (defined below) of this Agreement, all applicable rights, title, permits, licenses, insurance, authorities and approvals necessary regarding its business, this Agreement and the receipt and use of the products and services provided hereunder, and comply, along with its officers, directors, shareholders, managers, employees, agents and representatives, with all laws and regulations applicable to its business.
   3. As applicable, access Information from and through MicroBilt under this Agreement using MicroBilt’s Repository subscriber codes (“Subcodes”), or Repository Subcodes obtained by User.
   4. Be aware per the FCRA, those who knowingly and willfully obtain Information on a consumer from a consumer reporting agency under false pretenses, shall be subject to prosecution under Title 18, and if found guilty, subject to fine or imprisonment or both.
   5. Be aware that some states (CA, CO, MN, VT, WA, etc.) have stricter consumer, ADA and DMV based statutes, compliance with which is the responsibility of User.
   6. Be aware that access to certain Information is subject to restrictions such that User shall not export such Information, related documentation or technical data, or any product incorporating such, outside of the fifty (50) states of the United States of America and its territories.
   7. Acknowledge that “Public Record Information” (hereinafter defined) obtained from or through MicroBilt (including, but not limited to, criminal information (including, but not limited to, information relating to arrests, indictments, convictions, suits, tax liens, and outstanding judgments), civil suits and civil judgments, liens, evictions, bankruptcies) (together “Public Record Information”), is provided solely for “verification purposes” (hereinafter defined), and that Public Record Information and Information used for verification purposes shall not be requested, obtained, or used in whole or in part, as a factor in establishing an individual’s creditworthiness or eligibility for (i) credit or insurance, or (ii) employment purposes, application in hiring, promotion, suspension, denial or termination of a prospective or current employee, nor for any other “permissible purpose” under the FCRA. User shall not take any “adverse action” as defined under the FCRA against any individual, which is based in whole or in part on Public Record Information or Information used for verification purposes obtained from or through MicroBilt. Public Record Information and Information used for verification purposes obtained from or through MicroBilt may only be used to help (a) verify or authenticate an individual’s identity, (b) prevent or detect fraud or other unlawful activity, (c) locate an individual, (d) review the status of a legal proceeding, or (e) decide whether to buy or sell consumer indebtedness in a commercial transaction (together “verification purposes”). Any discrepancies or inaccuracies identified by Public Record Information or Information used for verification purposes obtained from or through MicroBilt, should be reverified by User through an independent review, and/or an additional source.
   8. Acknowledge that: Public Record Information obtained from or through MicroBilt is derived solely from public records, which may not be one hundred percent (100%) accurate or complete. User should independently verify the consumer’s identity and information, and consult applicable state and federal laws, including the GLBA and FCRA, before using Public Record Information obtained from or through MicroBilt in making business decisions. Neither MicroBilt nor its vendors or Repositories, shall be liable for any claims or damages arising from the use of Public Record Information obtained from or through MicroBilt, beyond the cost of the particular search performed and report obtained by User. Because misidentifications may occur when trying to identify a particular person, based solely upon name and other available identifiers, extreme care must be exercised in the review and use of the Public Record Information obtained from or through MicroBilt. Public Record Information obtained from or through MicroBilt should not be used in legal proceedings; rather, it is recommended that User obtain a copy of the original public record document from the relevant jurisdiction and source for the purpose of legal proceedings.
   9. Acknowledge that all requested identifying information should be provided to help return a more accurately matched public record. Subject to any date or data inclusion limitations imposed by vendors, Repositories, federal or state laws, rules or regulations (which may vary), generally Public Record Information obtained from or through MicroBilt will be no more than seven (7) years old, except for bankruptcy data, which generally will be no more than ten (10) years old, and criminal convictions, which will generally have no date limitation (and in all cases, subject to any applicable above mentioned limitations).
   10. Assure that if User chooses to use driver’s license data, it will use such in compliance with the DPPA, and that motor vehicle department data will be used solely for authentication purposes only.
   11. Assure that if User chooses to use data from the United States Treasury Department Office of Foreign Assets Control (“OFAC”) of specially designated nationals and blocked persons, it understands that multiple identifiers must be provided, the matching of data to the OFAC list is based on very limited identification information, a match does not necessarily indicate that the individual or entity about whom User inquired is the same individual or entity referenced by OFAC, independent verification by User is required, and any adverse action taken by User against an individual or entity must be taken based on User’s complete investigation of the individual or entity and not based solely on the OFAC information.
   12. Assure that except as expressly permitted by the FCRA, User shall not use any medical information contained in a consumer report in connection with any determination of the consumer’s eligibility, or continued eligibility for credit, or for any purpose other than for use: (i) in connection with an insurance transaction with the affirmative consent of the consumer who is the subject of the report; (ii) in connection with a credit transaction involving the extension of credit to, or the review or collection of an account of the consumer, where the medical information to be furnished is relevant to process or effect the transaction, and the consumer has provided specific written consent for the furnishing of the report that describes in clear and conspicuous language, the use for which the medical information will be furnished; (iii) for employment purposes, where the medical information to be furnished is relevant to process or effect the transaction, and the consumer has provided specific written consent for the furnishing of the report that describes in clear and conspicuous language, the use for which the medical information will be furnished; or (iv) with the consumer’s consent.
   13. Be aware that some commercial Repository Data may contain consumer credit information, but that such shall nevertheless solely be used in connection with a present or prospective commercial (i.e., not for personal, family or household purposes) credit or financial transaction involving the business inquired upon or the individual on whom such Information is sought and only if such individual is the proprietor of an unincorporated business, is a general partner in a partnership, is a guarantor of the business’ obligation and has provided a copy of a written guarantee, or has given written instruction for the provision of such Information, and not used as a factor in establishing an individual’s eligibility for credit, insurance for personal, family or household purposes, or employment.
   14. Acknowledge that every consumer inquiry made on an individual will appear on such individual's relevant consumer report, listed as either a soft or hard consumer or business inquiry, when using the corresponding report, and will include, if and as applicable, User's business name and address.
   15. Acknowledge that for products and services accessed which contain information from the Death Master File (“DMF”) as issued by the Social Security Administration (“SSA”), User certifies pursuant to § 203 of the Bipartisan Budget Act of 2013 and 15 C.F.R. § 1110.2 and § 1110.102 that: User meets the qualifications of a “Certified Person” and that its access to the DMF is appropriate; that consistent with its applicable FCRA or GLBA use of Information, User’s use of deceased flags or other indicia within such Information is restricted to legitimate fraud prevention or business purposes in compliance with applicable laws, governmental rules, regulations or fiduciary duty, as such business purposes are interpreted under 15 C.F.R. § 1110.102(a)(1) and that User shall specify the basis for so certifying; that User has systems, facilities and procedures in place to safeguard the accessed DMF information, experience in maintaining the confidentiality, security and appropriate use of the accessed DMF information pursuant to requirements similar to the requirements of § 6103(p)(4) of the Internal Revenue Code of 1986, and that User agrees to satisfy the requirements of § 6103(p)(4) as if such applies to User; that User shall not disclose information derived from the DMF to the consumer or any third party, unless clearly required by applicable law; that User acknowledges that failure to comply with the provisions above may subject it to penalties under 15 C.F.R. § 1110.200 of $1,000 for each disclosure or use, up to a maximum of $250,000 in penalties per calendar year; and that User will not take any adverse action against any consumer without further investigation to verify the information from the deceased flags or other indicia.
   16. Acknowledge that: The Military Lending Act, 10 U.S.C. § 987 (“MLA”) protects Department of Defense (“DOD”) “Covered Borrower(s)”, (as defined in 32 C.F.R. § 232.3(g)(1)), including “Service Members” and certain “dependents”, from certain high-cost “consumer credit” products (as such are defined in the MLA). The DOD Covered Borrower data obtained from or through MicroBilt comes from the Defense Manpower Data Center (“DMDC”) directly from the DOD, or from a DOD approved Repository. MLA data and reports obtained from or through MicroBilt shall be used by User with a “permissible purpose” in accordance with the FCRA, only for User’s own internal one-time use, and not in connection with, in whole or in part, underwriting of insurance, initiating preapproved offers of credit, to establish profiles, reports or any other documentation on individuals, for marketing, or any purpose other than to make a determination of consumer status as a Covered Borrower as required of “creditors” for credit “transactions” subject to and as defined in the MLA. Without using a Social Security Number in the query, neither the DMDC, the Repositories, nor MicroBilt, can authoritatively assert that the individual identified in the data and report is the same individual that User’s query refers to; name and data of birth alone, do not uniquely identify an individual. User should refer to the MLA and/or consult with User’s own attorney for more details prior to use.
   17. Be aware that Information is obtained and managed by fallible sources and that for the Fee charged, MicroBilt does not guarantee or ensure the accuracy, completeness, timeliness, depth or continuation of Information.
   18. Assume responsibility for the final verification of the consumer’s identity.
   19. Be aware that User may not rely on the opinions of MicroBilt representatives regarding Information contained in a consumer report. All actions or decisions of User must be based on User policies and procedures.
2. MicroBilt Agrees to:
   1. Comply with applicable Repository rules and procedures, as well as local, state and federal laws and regulations, including but not limited to the FCRA, GLBA, privacy laws, business verification and public records laws applicable to MicroBilt’s business, in the preparation, transmission, storage, sale and usage of Information.
   2. When, if and as applicable, comply with the rules set forth by the Payment Card Industry (“PCI”) Data Security Standards (“DSS”) for the appropriate level using an Approved PCI Compliance Scanning Vendor (“ASV”).
   3. Maintain data accessed by User along with transaction details, for a minimum of five (5) years for billing, payment, audit, consumer, customer, vendor, legal, regulatory, or compliance purposes. Per a consumer inquiry or dispute, the subject of the report has the right to learn that User accessed Information on such subject.
   4. Re-verify consumer disputed Information at no cost on User requests by telephone or consumer requests in writing. MicroBilt shall respond in writing and timely.
   5. Follow reasonable quality assurance procedures, security protocols and maintain confidentiality of Information acquisition and verification methods.
   6. MicroBilt hereby certifies that it is a “consumer reporting agency” and a “reseller of consumer reporting services” as currently defined in the FCRA.
3. Terms and Conditions:
   1. User and/or if and as applicable its Customers shall: identify the end user recipient of each consumer credit or other Information prior to requesting such (“End User”); identify each specific “permissible purpose” as defined in the FCRA or “permitted use” under the GLBA for which the consumer credit or other Information is requested and agree that such will be used for no other purpose or use, (tendering this “permissible purpose” or “permitted use” in such form or manner as requested by MicroBilt); secure consumer credit and other Information on individuals solely for End User’s own internal one-time use in accordance with the terms and conditions herein and applicable law, which may vary depending on the product and/or Repository, and may include credit, employment, insurance underwriting, collection, government licensing or written consumer consent or initiated transactions between itself and the consumer to whom Information refers and/or for such other “permissible purpose” related to a business transaction as is defined by the FCRA or “permitted use” under the GLBA; notify MicroBilt immediately if the reason or use of the Information becomes different than originally identified, which may require a signed written addendum to this Agreement, provided that the new use consists of a “permissible purpose” as defined in the FCRA or a “permitted use” under the GLBA; and except as otherwise expressly permitted herein, agree it is the End User and will not resell, distribute, sublicense, compile or revise Information obtained through MicroBilt.
   2. User and Customers are prohibited from creating derivative works of all or any portion of the “MicroBilt Products” (hereinafter defined), from reverse engineering, decompiling, disassembling, or otherwise attempting to discover source code of the MicroBilt Products, or from copying, duplicating, disclosing, creating a database of, or using the MicroBilt Products, except as otherwise provided herein.
   3. User acknowledges it has received and shall provide its Customers, if applicable, with the “Notice to Users of Consumer Reports: Obligations of Users Under the FCRA” as required by the FCRA, which can be viewed and printed at the Website.
   4. User acknowledges it has received and shall provide consumers, if applicable, with “A Summary of Your Rights Under the Fair Credit Reporting Act”, and “Remedying the Effects of Identity Theft” as required by the FCRA, which can be viewed and printed at the Website.
   5. User and/or if and as applicable its Customers shall: document the legal basis for requesting Information under the FCRA, GLBA or other applicable law, and obtain in advance and retain on file appropriate documentation, application, release, consent and/or authorization forms (“Forms”) from any applicant / individual on whom Information accessed through MicroBilt is sought; disclose to such individual(s) as and when required by law that credit and/or other Information (including Investigative Consumer Report Information, if applicable) will be sought on such individual(s); under applicable law, provide consumer(s) with copies of and/or information about their own credit report or when credit is denied, terminated or changed or when an application is declined, based in whole or in part on Information secured through MicroBilt, resulting in “adverse action” as defined in FCRA, with MicroBilt’s name, address and toll free phone number (and not that of any MicroBilt vendor, partner or other customer, unless required otherwise hereunder or per applicable law); advise applicants / individuals and follow applicable law itself, regarding consumer inquiries or disputes.
   6. User agrees that it will retain Forms for five (5) years in all cases, including where credit is extended, or an application approved, and in any case where credit is declined or an application declined; and that it will make available such Forms to MicroBilt and/or Repositories upon reasonable notice for occasions where confirmation or audit is required, either by consumers, regulators, Repositories or MicroBilt.
   7. User agrees to take all reasonable precautions to ensure that Information on individuals (including scores) if disclosed internally is restricted to only those of its employees whose duties reasonably relate to the legitimate business purpose for which the Information was requested.
   8. User and/or if and as applicable its Customers shall, at no cost on a monthly or sooner basis, to contribute current and updated consumer history, payment, credit, verification, fraud, ID theft and other transaction experience data on established and new accounts (“Contribution Data”) to MicroBilt in the form, format and manner prescribed by MicroBilt in accordance with MicroBilt’s then current data contribution policy, security procedures and data contribution specifications (as amended by MicroBilt from time to time upon reasonable prior written mail, fax, email, Website posting, or system / product usage notice to User). Contribution Data shall be as complete and accurate as possible in accordance with then current industry standards and User shall adhere to all applicable local, state and federal laws regarding same. MicroBilt shall have no obligation or responsibility to return Contribution Data or the media containing same to User and/or its Customers or act upon any instructions from User and/or its Customers regarding the Contribution Data not expressly set forth hereunder or required by applicable law. At MicroBilt’s prior written request and within a reasonable period, User shall promptly verify the accuracy of the Contribution Data provided to MicroBilt. User acknowledges it has received and shall provide its Customers, if applicable, with the “Notice to Furnishers of Information: Obligations of Furnishers Under the FCRA” as required by the FCRA, which can be viewed and printed at the Website. User further acknowledges that the manner in which it collects, generates and reports Contribution Data, other than the mutually agreeable format for reporting Contribution Data to MicroBilt, is solely within User’s discretion. User warrants that it has the full legal right, permission and authority to provide Contribution Data and that User’s processes for collecting, generating and reporting Contribution Data did, does and will not infringe any patent, copyright or trademark right of any third party. Where applicable, User agrees to report Contribution Data as “paid collection” transactions when they are paid, which information shall not be deleted prior to submission, unless required by law. At MicroBilt’s option, Contribution Data may be incorporated into its credit reporting system, after which time such will become MicroBilt’s property, as incorporated. Nothing in the preceding sentence, however, will affect User’s and/or its Customers’ independent full ownership rights in the account information from which the Contribution Data was derived. Contribution Data is intended to be added to MicroBilt’s database for inclusion in credit reports and otherwise, accessible pursuant to the FCRA and/or GLBA by both authorized subscribers and the subject consumers of such Contribution Data, and therefore it is expressly understood by User that Contribution Data will not be kept confidential in such regard. Once Contribution Data is submitted and incorporated into MicroBilt’s credit reporting system, such may be used and disclosed for any purpose consistent with applicable laws, rules and regulations, including but not limited to those purposes set forth in the FCRA and in Section 502(e) of the GLBA and Reg. P promulgated pursuant thereto (16 CFR 313.15); provided, however, that no mailing list, marketing list or list classified as to credit performance, locality or economic indicators using the Contribution Data submitted pursuant hereto and added to MicroBilt’s database, shall be used to select or release a list of consumers’ names and addresses that specifically identifies individuals as User’s current or previous Customers, or identifies User’s Customers on any third party’s list, or primarily consists of User’s Customers, in violation of the FCRA or GLBA.
   9. User acknowledges that services hereunder may be suspended and/or this Agreement terminated with or without notice to User, should User fail to timely undergo and successfully complete compliance, credentialing and a “Site Inspection” as set forth below.
   10. Without right of setoff, User agrees to pay MicroBilt directly for all applicable “Set-Up Fees,” “Access Fees,” “Site Inspection” and/or “Training, Testing, Credentialing or Certification Fees,” “Monthly Minimum Fees,” “Monthly Service Fees,” “Annual Fees,” fees for “Transactions,” “Bureau Products,” “Repository Data,” “Data,” “Reports,” “Information,” “Products,” “Searches,” “Processing,” “Additional Data,” “Additional Products,” “Modules,” “Equipment” and any other then current, amended or additional fees, plus taxes (collectively “Fees”), due for services rendered by MicroBilt to User under this Agreement and related to the products, services and associated prices identified in the attached Fee Schedule. User agrees and acknowledges that payment to MicroBilt of all Fees due under this Agreement shall be made in one of the two following manners and by initial in the Fee Schedule by the authorized account holder, User explicitly agrees to such method and to provide all necessary information and documentation to facilitate prompt payment: (1) MicroBilt accepts payments via ACH (Automated Clearing House) and requires User’s company bank name, address, phone number, account name, account #, ABA # and a voided copy of a company check; or (2) MicroBilt accepts payments via Visa, MasterCard, AMEX and Discover. During the first week subsequent to the end of each previous month, MicroBilt will make invoices for all Fees due and transaction detail supporting same, available to User’s assigned account or designated representative. Should User have a reasonable dispute with regard to an invoice, User must notify MicroBilt of such within five (5) business days after invoice date and send all detail or documentation via email to CustomerAccounts@MicroBilt.com or fax to 770-234-3881 Attn: Accounting Dept., or any such dispute shall be deemed waived. MicroBilt will respond to User's dispute within five (5) business days after receipt. Invoices are due upon receipt and MicroBilt will either automatically charge User's Credit Card or ACH User's account, all undisputed amounts due. All Fees for services rendered during or otherwise owed for the length of the Term of this Agreement shall be immediately due and payable upon any termination of this Agreement.
   11. During the Term of this Agreement, User shall be afforded access to current and available historical invoices, transaction detail, and/or data, provided User is not currently and has not been on two (2) or more prior occasions during the Term of this Agreement, whether or not notified or timely resolved, i) in breach of any term or condition herein, or ii) delinquent or in default as to any payment due.
   12. MicroBilt may, upon reasonable prior written mail, fax, email, Website posting or system /product usage notice to User, add, remove, increase or decrease any Fee then in effect to reflect a change in any: cost to MicroBilt by a Repository or other vendor; local, state or federal cost or surcharge; or new or enhanced services, tools or compliance cost.
   13. User will hold its MicroBilt designated and issued User ID, Password and Subcodes in strict confidence, and will report to MicroBilt immediately any loss, theft, disclosure or unauthorized use of same. Until MicroBilt is so notified and acknowledges de-activation of the User ID, Password and/or Subcodes, User shall be liable for any and all Fees, and for any and all effects and/or consequences of any misuse.
   14. User agrees that: Information obtained from or through MicroBilt will be for End User’s use in legitimate business purposes; all Information will be held in strict confidence; use of Information for unfair or deceptive practices is strictly prohibited; Information on current or prospective employees will only be secured by designated authorized representative(s); employees are forbidden to obtain any Information on themselves, associates or any others save in the performance of their official duties; Information to be used for valuation purposes will be used only to perform a guideline valuation and will not be construed as a replacement for a complete, comprehensive valuation conducted by a qualified professional; Information will not be disclosed to the subject of the Information, except that it may be disclosed if adverse action or consumer dispute is taken; and subject(s) disputing or requesting a copy of their Information will be referred, upon need or legitimate inquiry, only to MicroBilt and not to the Repository identified on the Information, except if User has its own Subcodes, or as required by applicable law.
   15. User acknowledges that MicroBilt considers the MicroBilt Products as confidential information, trade secrets and proprietary. Nothing herein shall be construed to convey to User any right, title, ownership, interest or intellectual property rights in such, as all vest solely in MicroBilt, whether or not in the nature of copyright, trade secret, trademark, service mark, trade name, patent or otherwise.
   16. The User, MicroBilt and/or Repository products, services, names, logos, patents, copyrights and marks and those of their subsidiaries, customers or vendors (“Marks”) identified under this Agreement and Fee Schedule or otherwise, are protected by applicable copyright laws, with all interest and ownership rights retained by the applicable party. Except as specifically authorized in this Agreement or with prior written consent of the applicable party, which, with regard to MicroBilt, shall not be unreasonably withheld or delayed, the direct or indirect reference, listing, marketing, press release, communication, publication, use, sale, duplication or distribution of any such Mark contrary to the terms and conditions herein, is strictly prohibited. Either party may at any time during the Term after reasonable prior written notice to the other via mail, fax, email, Website posting or system / product usage, restrict, remove, add to or modify any such Mark at its discretion.
   17. Information and Marks obtained by User hereunder shall be held in strict confidence and except as otherwise set forth herein, are never to be reproduced, disclosed, revealed or made accessible in whole or in part to any third party unless required by applicable law, or a court order, subpoena, verbal or written discovery or testimony, civil, criminal, administrative, judicial, regulatory or governmental inquiry, investigation, demand, process or request (together a “Legal Request”). User agrees to hold MicroBilt, the Repositories and their respective officers, employees, agents and vendors harmless from any expense, damage or liability, including any special, incidental, exemplary or consequential damages of any nature, arising from the publishing or disclosure of Information or Marks by User contrary to the conditions herein, whether such is disclosed by design or in error.
   18. User acknowledges, unless otherwise permitted by a Repository, MicroBilt or applicable law, that its business does not sell Information direct to consumers, and it is not a credit repair, process server, dance studio, spiritual, tattoo, health or book club, adult, dating or massage business.
   19. User agrees that all electronic or hard copies of Information, Forms, data and transaction detail shall be maintained and kept confidential for a minimum of five (5) years in a secure environment under its control, with devices and locations used to access and/or house such materials, password protected and locked after normal business hours to prevent unauthorized access.
   20. This Agreement shall commence as of the Effective Date and shall remain in effect for a minimum initial period of three (3) years (the “Initial Term”) after which it shall automatically and continuously renew for additional minimum one (1) year periods, (the “Renewal Term(s)” and with the Initial Term, each a “Term”) until terminated by either party on sixty (60) days written notice to the other, prior to the end of the then existing Term, or upon termination as otherwise set forth herein. Obligations for the payment of Fees for services rendered during or otherwise owed for the length of the Term of this Agreement, the continuation of confidentiality and maintenance of records, however, shall survive termination.
   21. User acknowledges, consents and agrees that MicroBilt does not guaranty the continuation and shall not be held liable to User and/or its Customers for the discontinuation of any one or more specific products or services offered hereunder or hereafter, and that such shall not be a valid “Claim” (defined below), cause for breach or termination of this Agreement.
   22. EXCEPT AS SET FORTH IN THE FOLLOWING PARAGRAPH, NEITHER MICROBILT NOR THE REPOSITORIES MAKE ANY OTHER REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, WITH REGARD TO THE SERVICES, PRODUCTS OR INFORMATION PROVIDED UNDER THIS AGREEMENT, (SUCH INFORMATION IS PROVIDED BY THE REPOSITORIES “AS IS”) INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. FURTHER, NEITHER MICROBILT NOR THE REPOSITORIES IN ANY WAY WARRANT OR ASSUME ANY LIABILITY FOR A “CLAIM” FOR BREACH REGARDING THE TIMELINESS, CURRENCY, CONTINUATION, VALIDITY, ACCURACY, ADEQUACY OR COMPLETENESS OF ANY INFORMATION ACCESSED. USER ACKNOWLEDGES THAT ENTERING INTO THIS AGREEMENT IS ITS BUSINESS DECISION, AND THAT EVERY BUSINESS DECISION INVOLVES THE ASSUMPTION OF A RISK, WHICH NEITHER MICROBILT NOR THE REPOSITORIES DO OR WILL UNDERWRITE IN ANY MANNER.
   23. MicroBilt agrees that throughout the Term of this Agreement: (i) it shall perform its services hereunder in a competent and workman-like manner in accordance with then current industry standards; (ii) it has and will continue to maintain all necessary ownership rights, title, licenses, insurance, authorities and approvals necessary regarding its business and the products and services provided hereunder, its software programs, interface technology, equipment, Website and all software, source code, object code, technology and documentation thereto (together the “MicroBilt Products”), free of all liens, claims, encumbrances and other restrictions; (iii) the MicroBilt Products do not and will not infringe upon copyrights, trademarks, patents or any other proprietary rights of any third party; (iv) it will permit access to the MicroBilt Products completely and accurately per the terms as set forth herein; (v) the MicroBilt Products shall be and remain secure and free from any defects in design, materials and workmanship, and of any “worm,” “virus,” “lock out” or “self-destruct” devices, as such terms are understood in the computer industry and shall perform in accordance with the terms herein; (vi) any documentation provided by MicroBilt hereunder will accurately describe the MicroBilt Products; (vii) the MicroBilt Products, MicroBilt and its officers, employees, agents and representatives shall comply with all applicable laws and regulations and obtain and maintain in effect such permits, licenses and other forms of authorization required to comply with such laws and regulations; (viii) it will keep the MicroBilt Products in concert with relevant current compliance, security, industry and market conditions so that such will continue to perform all intended functions; (ix) it will provide to User on or before the Effective Date and once each calendar year after reasonable prior written request, Certificates of Insurance coverage applicable to its business; and (x) should MicroBilt use any subcontractors in the performance of services to User under this Agreement, MicroBilt will be responsible and liable for such subcontractor’s adherence to the terms and conditions herein.
   24. EXCEPT AS TO A CLAIM ARISING OUT OF OR RELATED TO ANY DATA BREACH OR WRONGFUL USE OR DISSEMINATION OF CONSUMER INFORMATION, FRAUDULENT, INTENTIONAL OR GROSSLY NEGLIGENT ACTS OR OMISSIONS (EACH SEPARATE, AND ALL TOGETHER A “MATERIAL CLAIM”), USER, MICROBILT AND THE REPOSITORIES SHALL BE HELD HARMLESS FROM AND NOT BE LIABLE TO THE OTHER FOR ANY CLAIM OF INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, WHETHER ARISING OUT OF THE USE OR INABILITY TO USE ANY SERVICE OR PRODUCT PROVIDED HEREUNDER OR OTHERWISE, INCLUDING BUT NOT LIMITED TO LOSS OF ANY REAL OR ANTICIPATED PROFITS, EVEN IF ON NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. EXCEPT AS TO A MATERIAL CLAIM OR A CLAIM FOR USER’S FAILURE TO TIMELY PAY ANY FEES DUE FOR SERVICES RENDERED OR OWED HEREUNDER, ANY LIABILITY OF USER, MICROBILT AND/OR A REPOSITORY OF ANY NATURE HEREUNDER SHALL BE LIMITED TO A REFUND OF THE PAYMENTS MADE BY USER UNDER THIS AGREEMENT. A “CLAIM” INCLUDES ANY CLAIM, DEMAND, ACTION, PROCEEDING, ACTUAL LOSS, COST, EXPENSE (INCLUDING, WITHOUT LIMITATION, REASONABLE AND ACTUAL ATTORNEYS’ FEES), DAMAGE, LIABILITY OR PENALTY. NO CLAIM MAY BE COMMENCED BEYOND THE APPLICABLE STATUTE OF LIMITATIONS, OR MORE THAN TWO (2) YEARS AFTER THE OCCURRENCE WHICH HAS GIVEN RISE TO SUCH, WHICHEVER IS GREATER.
   25. Each party shall defend, indemnify and hold the other party harmless from third party Claims arising out of the indemnifying party’s breach of any representation, warranty or other term contained herein, including a Material Claim. In connection with any third party Claim that is indemnifiable hereunder, the indemnified party shall, if and when legally permissible: (a) give the indemnifying party prompt written notice of the third party Claim for which indemnification is sought; (b) give the indemnifying party the opportunity to take over and/or settle any third party Claim through counsel of the indemnifying party's choice, at its sole direction and expense; and (c) cooperate fully with the indemnifying party as to the third party Claim.
   26. Except as stated to the contrary herein, as to “Non-public Personal Information” or “Personally Identifiable Financial Information” of consumers as defined by applicable state or federal law, including, but not limited to Title V of the GLBA (Non-public Personal Information and Personally Identifiable Financial Information, collectively, “Consumer Information”) delivered or made available from one party to the other under this Agreement, each party agrees that it shall: (i) use Consumer Information solely for the purposes of carrying out its obligations under this Agreement; (ii) in compliance with the “Safeguards Rule” under the GLBA, implement and maintain a comprehensive information security program written in one or more readily accessible parts and that contains administrative, technical, organizational procedures, controls and physical safeguards that are appropriate to the party’s size and complexity, the nature and scope of its activities, and the sensitivity of the Consumer Information exchanged between the parties, and that such safeguards shall include the elements set forth in GLBA 16 C.F.R. § 314.4 and shall be reasonably designed to (a) ensure the safety, protection, security and confidentiality of the Consumer Information exchanged between the parties, (b) protect against any anticipated threats or hazards to the security or integrity of such Consumer Information, and (c) protect against accidental, unauthorized or unlawful access, use, disclosure, destruction, loss, or alteration to or of such Consumer Information that could result in substantial harm or inconvenience to any consumer; (iii) undergo periodic employee training and other management oversight activities in order to assure that its employees understand the requirements contained in this Agreement and are cognizant of the need to strictly comply with all such measures; (iv) once each calendar year during the Term, at the requesting party’s expense, provide the other Party with information regarding such measures after reasonable prior written request, and/or conduct an on-site visit, audit and review of the other party’s documentation and facilities, after thirty (30) days prior written notice, at a mutually convenient time and during regular business hours, to substantiate and ensure the procedures and controls are in place and adequate; (v) to the extent not restricted by a Legal Request or applicable law, notify the providing party orally within one (1) business day of being aware of any unauthorized access to or disclosure of the providing party’s Consumer Information within the receiving party’s custody or control (a “Security Event”) and in writing within five (5) business days after being aware of, including the extent and scope of the Security Event and the identity of specific consumers impacted by the Security Event, or as soon as such information is available; (vi) to the extent not restricted by a Legal Request or applicable law, cooperate with the providing party as to legal obligations and to resolve the Security Event and notify all affected consumers in the parties’ joint determination as to notice, costs and expenses related thereto; (vii) agree any intentional, grossly negligent or continuous violation of the GLBA by a party (as determined in the other party’s reasonable discretion supported by documentary evidence) may result in the immediate suspension of the provision or use of products and services under this Agreement with or without prior written notice, and/or termination of this Agreement with prior written notice; and (viii) agree the notifying party may suspend the provision or use of products and services under and/or terminate this Agreement, on fifteen (15) days prior written notice to the other party, in the event that the other party’s use of any Information governed by the GLBA is either the subject of material adverse consumer reaction, which manifested in substantial negative media coverage, or the subject of material litigation or action by any governmental agency.
   27. Except with regard to Contribution Data, inquiry, application or other data submitted to process transactions through MicroBilt’s systems, “Confidential Information” means all information furnished in any manner by one party to the other under this Agreement, including, but not limited to, this Agreement and any exhibits, products, services, pricing, source code, object code, software, business, employee, vendor, customer and Consumer Information. Confidential Information does not include information, proven by documentation which: (i) becomes generally available to the public other than as a result of disclosure by the information receiver; (ii) was available to the information receiver on a non -confidential basis prior to disclosure by the information provider; (iii) becomes available to the information receiver on a non-confidential basis from a source other than the information provider, provided that such source is not known by the information receiver, after due inquiry, to be bound by any duty to the information provider or another entity, to keep such information confidential; or (iv) is independently developed by the information receiver, without use of or reference to the information provider’s Confidential Information. Each party agrees that the Confidential Information disclosed to it by the other shall not be disclosed to any third party and shall be used only for the purposes herein. Each party agrees to treat all Confidential Information of the other in the same manner in which it treats its own confidential and proprietary information, including prohibition of and sanction against the use of such by any third party, employee, agent or associate of a party so revealing and/or using such information for direct or indirect gain. In the event the information receiver receives a Legal Request to disclose any Confidential Information of the information provider, the information receiver shall, provided such is not precluded by a Legal Request or applicable law, provide the information provider with prompt written notice prior to such disclosure, affording the information provider a reasonable opportunity to agree with or seek a protective order preventing disclosure.
   28. Either party may terminate this Agreement, should the other party breach any material term or condition herein, provided that the non-breaching party has given written notice of the breach to the breaching party and afforded the breaching party a thirty (30) day opportunity to cure and the breaching party failed to so cure. In whole or in part, MicroBilt may modify, cease or suspend its provision of one or more products or services under this Agreement with or without prior written notice, and/or terminate this Agreement with prior written notice, at any time and with no liability to User, if: (i) MicroBilt reasonably determines that the provision of services hereunder violates any credit reporting or other law; (ii) MicroBilt is required to do so by any Repository; (iii) MicroBilt or a Repository eliminates, modifies or restricts a product or service; (iv) User violates or upon reasonable belief is suspected of violating a consumer protection regulation, Repository guideline, the FCRA or any applicable local, state or federal law; (v) User exhibits unprofessional or untruthful conduct toward MicroBilt, or engages in illegal or immoral actions or omissions; or (vi) User fails to timely pay all undisputed amounts due, for which MicroBilt may immediately suspend services and/or User fails to resolve payment delinquencies within thirty (30) days of written notice, for which MicroBilt may terminate this Agreement and/or User’s payments have been delinquent on two (2) or more occasions during the Term of this Agreement, whether or not notified or timely resolved, for which MicroBilt may immediately terminate this Agreement.
   29. General Provisions
       1. Notices. Except as set forth otherwise herein, any and all material notices hereunder shall be in writing and delivered Registered or Certified mail, return receipt requested, via overnight courier, or hand delivery to the other party at the street address identified herein, in the Fee Schedule, or as modified by proper notice to a party. The date of receipt shall be the effective date of the notice. The parties may exchange routine communications via email.
       2. Waivers. A party's failure or delay to enforce or waive any provision of this Agreement shall not affect the provision’s validity or enforceability or constitute a waiver of future enforcement of that or any other provision of this Agreement.
       3. Amendments. Except as otherwise set forth herein, this Agreement may be modified or amended only by the written consent of both parties.
       4. Headings. All headings used in this Agreement are for the convenience of the parties and are for reference purposes only.
       5. Injunctive Relief. Each party shall have, in addition to any other relief at law or equity, the right to seek injunctive relief to redress a party’s breach of this Agreement.
       6. Severability. Any term or condition of this Agreement deemed legally invalid or unenforceable, shall in no way affect any other remaining term or condition.
       7. Assignment. Except as otherwise expressly permitted herein, neither party may sublicense or assign this Agreement or distribute the services or products provided hereunder without the prior written consent of the other, provided that either party may assign this Agreement to any of its affiliated companies without consent or may assign this Agreement in the event of a sale by such party of all or substantially all its assets to an assignee or to an entity with or into which it is merged or consolidated, provided that the assignee assents in writing to all terms and conditions hereof and further provided that the scope, level, volume and nature of the services to be provided to or by the assignee are not materially changed.
       8. Exclusivity. This Agreement is not exclusive and either party may enter into similar agreements with others.
       9. Independent Contractor. MicroBilt shall be considered an independent contractor and not an employee of User. Except as otherwise expressly provided herein, neither party shall in any way represent itself as an agent, employee, or representative of the other party.
       10. Third Party Beneficiaries. This Agreement is intended for the benefit of, is binding upon and may be enforced solely by the parties hereto, their successors and permitted assigns and except as expressly provided herein otherwise, no third party shall have any rights herein.
       11. Restriction on Employment. User may not hire any present or former MicroBilt employee, contractor or consultant that User had contact with or knowledge of during the Term of this Agreement, without MicroBilt’s prior written consent.
       12. Non-Interference. User may not entice any existing or potential vendor or customer that User had contact with or knowledge of during the Term of this Agreement, to interfere with or terminate its relationship with MicroBilt.
       13. Communications. MicroBilt, its vendors, partners and sponsors may communicate with User and/or Customers regarding MicroBilt and related products and services from time to time, including commercial advertisement, sales promotions, additions, deletions, upgrades, updates, customer service, technical, legal and compliance notifications, via mail, fax, email, phone, text, chat, Website posting or system / product usage notice and may monitor / record such for the purposes of training, improvement to sales, customer service and compliance.
       14. Text Messages. By providing us with your mobile phone number and opting in, you give us and/or our service provider vendor permission to send you account-related and/or promotional text messages in conjunction with the products and services you have requested. In addition, you agree that: You have ownership rights or permission to use the number given to us; The number of messages may vary by account; Message and data rates may apply; To opt-out, text STOP to any text message we send you. An opt-out confirmation message will be sent back to you; To request support, text HELP to any text message we send you, or contact us as indicated herein; If your device does not support Multimedia Message Service (“MMS”), any MMS messages sent may be delivered as Short Message Service (“SMS”) messages; Wireless carriers are not liable for undelivered or delayed messages; Any promotional content will be sent on approved carriers; and Except as set forth herein or authorized by you, your opt-in and consent details will not be shared with any unaffiliated third parties, and your mobile phone number will not be shared with any unaffiliated third parties for marketing or promotional purposes.
       15. Force Majeure. Performance by either party may be subject to interruption and delay due to causes beyond its reasonable control such as acts of government, war, terrorism, conflict, riot, God, weather, fire, disaster, destruction, plague, epidemic, pandemic, disease, health crisis, quarantine, curfew, transportation, power or telecommunications failure, strike, inability to obtain supplies or Information, breakdown or downtime of systems, equipment or interruption in vendor services or communications. Neither party shall be liable to the other for any delay or failure to perform which results from causes outside its reasonable control, however such does not relieve User’s obligation for payment of Fees due for services rendered or otherwise owed hereunder.
       16. Choice of Law, Jurisdiction and Venue. THE PARTIES IRREVOCABLY AGREE THAT: i) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SOLE AND EXCLUSIVE LAW, PERSONAL JURISDICTION AND VENUE OF THE STATE AND FEDERAL COURTS OF THE STATE OF NEW JERSEY, COUNTY OF MERCER, WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES; ii) ANY ACTION RELATING TO THIS AGREEMENT SHALL BE FILED IN SUCH COURTS; AND iii) ANY CLAIM OR DEFENSE THAT A PARTY LACKS MINIMUM CONTACTS WITH THE FORUM OR THAT SUCH COURTS LACK PERSONAL JURISDICTION OR THAT VENUE IS IMPROPER OR INCONVENIENT, SHALL BE WAIVED.
       17. Attorneys’ Fees. Without limiting MicroBilt’s remedies for non-payment or late payment of invoices, User shall be liable to MicroBilt for any and all amounts due, interest (at the maximum rate permitted by law), late fees, collection or court costs, and reasonable attorneys’ fees as to any legal action or effort to collect unpaid Fees due for services rendered or owed pursuant to this Agreement. In addition, the prevailing party in any legal action or proceeding against the other arising out of or relating to this Agreement shall be entitled to seek recovery of its reasonable attorneys’ fees and costs.
       18. Taxes. User shall pay all applicable federal, state and/or local sales, service, use or other taxes designated or imposed due to any action or transaction under this Agreement, other than taxes imposed on MicroBilt’s net income. This Agreement provides an information service for purposes of state sales and use tax. Nothing contrary in this Agreement is intended to or in fact changes the nature of services provided hereunder.
       19. Verification of Compliance. MicroBilt may track, review, compile, store and use any Contribution Data, inquiry, transaction, application or other submitted data. During the Term and continuing after termination of this Agreement as required or necessary, after reasonable prior written notice to User via mail, fax, email, Website posting or system / product usage, MicroBilt may request and User shall provide verification of User’s compliance with the terms of this Agreement, general use of products and services, one or more specific transactions, and applicable laws, including, but not limited to, the FCRA and the GLBA, via a written certification, independent third party audit report, and/or other substantiating documentation (or on-site visits at MicroBilt’s expense no more than once each calendar year at mutually convenient times during normal business hours) per a MicroBilt, Repository or consumer inquiry, dispute or request, a Legal Request or applicable law.
       20. Continuation of Confidentiality. Notwithstanding anything herein to the contrary, the duty of confidentiality to which the parties hereto are bound, shall continue in full force and effect for three (3) years after any termination of this Agreement.
       21. Compliance Certification, Training, Testing, Credentialing & Site Inspection. As necessary, in accordance with applicable local, state and federal laws, as well as Repository and MicroBilt policies, prior to accessing Information and on an annual basis and when changing business premises or ownership and as new MicroBilt products and services are accessed and new or amended laws, Repository and MicroBilt policies are established or amended, User may be required to undergo compliance certification, credentialing, employee FCRA training and testing, an on-site or virtual site inspection at its business premises (“Site Inspection”), criminal, consumer credit and other internal background checks on User’s business and/or principal (owner or officer), performed by ComplyTraq, the credentialing division of MicroBilt, to determine and review credit, history, procedures, processes and need for accessing, using, storing and/or distributing Information, security practices and other protective measures in place, so as to ensure initial compliance with the terms hereof, as well as periodically for reassurance thereafter. If applicable, to ensure its Customers’ compliance, User shall enter into a “ComplyTraq Compliance Services Agreement” directly with ComplyTraq to ensure similar compliance and credentialing. Further, MicroBilt may, at any time after reasonable prior written notice to User via mail, fax, email, Website posting or system / product usage, add to, delete or modify any MicroBilt or Repository contractual, legal compliance, or security procedure, to effectuate the continued delivery of products and services hereunder.
       22. Document Approval. MicroBilt and User certify that the terms on all pages of this Agreement and Fee Schedule have been read and agreed to, and that the undersigned is authorized to execute such documents on behalf of the party so indicated. The parties acknowledge that this Agreement and Fee Schedule may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument, with facsimile or electronically made and/or delivered signatures construed as legal, valid and binding marks. This Agreement with Recitals, Fee Schedule and/or other exhibits attached hereto, if any, incorporated herein by reference, constitutes the entire agreement between MicroBilt and User with regard to the subject matter contained herein and therein and supersedes all other existing or contemporaneous agreements, writings, communications or understandings between the parties concerning such subject matter, written or oral. There are no warranties, representations or agreements of the parties with respect to the subject matter of this Agreement and Fee Schedule, other than those herein and therein.