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Scrypt AI General Terms and Conditions

Effective Date: March 8, 2022

These General Terms and Conditions form a part of the Agreement between Customer and Scrypt AI, LLC (hereinafter, “Scrypt AI”) for the Services provided by Scrypt AI. From time to time, Scrypt AI may update these General Terms and Conditions to comply with Applicable Law, industry standards or rules or to reflect then current business practices or terms. Such changes will be communicated to Customer
and become effective in accordance with Section 13 below.

1. Services
Scrypt AI grants to Customer a non‐exclusive, non‐transferable (except to permitted successors and assigns in accordance with Section 14 below), limited right and license to use the Services, Scrypt AI Technology and Scrypt AI Content solely for Customer’s own internal business purposes during the term of the Agreement, subject to Customer’s compliance with the terms and conditions of the Agreement, including payment of all applicable charges. If Customer is in the business of providing management support services to its Affiliates or clients, use of the Services to support the delivery of such services to its Affiliates or clients shall not be a violation of the foregoing license, provided that Customer notifies Scrypt AI in writing of such intended use and, with respect to any payment transactions, Customer shall be responsible for reimbursing Scrypt AI for all ACH debit returns or rejections related to such Affiliates’ or clients’ accounts within two Business Days after Customer has been notified of such return or rejection, which notice may be made by email or phone. Scrypt AI continuously modifies the Services to provide additional or improved functionality and corrections. Customer agrees to accept all modifications that Scrypt AI in its sole discretion may make to the Services and provide to Customer at no additional charge. Customer shall not (i) license, sublicense, sell, resell, rent, transfer, assign, distribute or otherwise commercially exploit or make available to any third party the Services, Scrypt AI Technology or Scrypt AI Content in any way, except as expressly permitted herein; (ii) modify, or create derivative works based upon, the Services, Scrypt AI Technology or Scrypt AI Content; (iii) create internet links to the Services or frame or mirror any Scrypt AI Content on any other server or wireless or internet‐based device; (iv) reverse engineer the Services, Scrypt AI Technology or Scrypt AI Content; or
(v) access the Services, Scrypt AI Technology or Scrypt AI Content in order to (a) build a competitive product or service; (b) build a product using similar ideas, features, functions or graphics; (c) monitor its availability, performance or functionality or for any other benchmarking or competitive purposes; or (d) copy any ideas, features, functions or graphics of the Services, Scrypt AI Technology or Scrypt AI Content.

Scrypt AI will give Customer access to and use of the Services via a browser interface. Customer is responsible for any and all activities that occur through Customer’s user account(s) and shall ensure that use of the Services is in compliance with Applicable Law. Customer shall (i) keep all passwords and user ID’s confidential and promptly notify Scrypt AI after discovery of any unauthorized use of any password or user account or any other known or suspected breach of security and (ii) not knowingly impersonate another user of the Services or provide false information to gain access to or use the Services. Scrypt AI may suspend or deactivate Services as reasonably required to investigate or stop illegal, fraudulent or suspicious activities, provided that Scrypt AI will give Customer notice of any such suspension or deactivation as soon as practicable if such notice is permitted by law enforcement or regulatory agencies, and reinstate suspended Services promptly when the reasons for the suspension are cured.

Customer agrees it will not use the Services, Scrypt AI Technology or Scrypt AI Content to (i) send spam or otherwise duplicative or unsolicited messages in violation of Applicable Law; (ii) send or store infringing, obscene, threatening, libelous, or otherwise unlawful or tortious material, including material harmful to children or violative of third party privacy rights; (iii) knowingly send or store material containing software viruses, worms, Trojan horses or other harmful computer code, files, scripts, agents or programs; (iv) knowingly interfere with or disrupt the integrity or performance of the Services or the data contained therein; or (v) attempt to gain unauthorized access to the Services, Scrypt AI Technology, Scrypt AI Content or any related systems or networks.

Except for the limited license granted to Customer in this Section, Scrypt AI and any third party licensors retain all right, title and interest, including all Intellectual Property Rights, relating to or embodied in the Services, Scrypt AI Technology and Scrypt AI Content and any suggestions, ideas, enhancement requests, feedback, recommendations or other information relating thereto offered by Customer or any other party, including without limitation, clickstream data generated by users that provides information about the specific Service features or functions utilized and the sequence and frequency of use thereof, but contains no Customer data. The Agreement is not a sale of, and does not convey to Customer, any rights of ownership in or related to the Services, Scrypt AI Technology, Scrypt AI Content or Intellectual Property Rights of Scrypt AI. Scrypt AI’s name, logos and the product names associated with the Services are trademarks of Scrypt AI or third parties, and no right or license is granted for Customer to use them. Customer agrees that all aggregated user data available from the Services, Scrypt AI Technology and Scrypt AI Content that is not specific to and does not identify Customer is owned exclusively by Scrypt AI. Customer further agrees that Scrypt AI may use Customer data to improve the Services or to develop new products or service offerings.

If any Order Form includes the purchase of a Software license or products other than Services, such Software license or other products shall be subject to such additional terms as may apply. The parties agree that any supplemental terms and conditions applicable to any Software license or other product purchased by Customer from Scrypt AI shall control in the event of a conflict with the terms and conditions of the Agreement.

2. Customer’s Obligations
Customer, at its sole expense, agrees to provide and maintain all Customer Systems and is responsible for upgrading and configuring Customer Systems to be and remain compatible with the Services and Scrypt AI Technology. Customer is also responsible for confirming that all invoice approval and payment authorization rights are correctly configured and updated as needed with respect to the applicable Services.

Scrypt AI shall not be liable under the Agreement with respect to the Customer Systems and Materials, including the failure by Customer to timely provide the Customer Systems and Materials. Customer owns, or has all necessary legal rights to use, Customer Systems and Materials and shall have sole responsibility for the accuracy, quality, integrity, legality, reliability, appropriateness and Intellectual Property Rights to use, and the provision and maintenance of, all Customer Systems and Materials in connection with the Services. The Services are designed to facilitate the processing and transmission of business‐to‐business information. To the extent that Customer includes personal or consumer information within Customer Materials, Customer, and not Scrypt AI, shall be solely responsible for such information and compliance with all Applicable Law relating thereto, including any notices or remedies that may be required to be provided to any party, and Customer shall indemnify and hold Scrypt AI harmless against any liability that may arise in connection with such information. Notwithstanding the foregoing, Scrypt AI remains responsible for compliance with the confidentiality obligations in Section 7 below.

3. Customer’s Authorizations
Customer authorizes Scrypt AI (i) to use and disclose Customer Materials and other information provided to Scrypt AI by Customer to provide Services; (ii) to conduct OFAC screenings (as more particularly described in the paragraph immediately below) prior to providing any Services; (iii) as may be applicable for any given Service, to act on behalf of Customer to facilitate electronic invoice receipt when available from Customer‐selected, electronic submission‐ready suppliers, including the facilitation of email and data only submissions; (iv) to enroll Customer’s suppliers in the Scrypt AI supplier network; and (v) to use and provide invoice information and payment status to Customer’s payees.

Customer shall give Scrypt AI such identifying information as may be reasonably necessary for Scrypt AI to comply with Applicable Law, including to conduct OFAC screenings, to comply with the Bank Secrecy Act or Anti‐Money Laundering regulations or to respond to any subpoena, demand, or request from OFAC or any other government agency, as the same may be requested from time to time. Such identifying information may include, but is not limited to, the names, dates of birth, addresses and identification numbers of the beneficial owners of Customer, its Affiliates or any other users of the Services under Customer’s account and the identification numbers of the parties being paid by Customer or its Affiliates or other users. Scrypt AI shall have no liability for the disclosure of such information to a government agency. In the event any such screening reveals a violation or suspected violation of Applicable Law, Scrypt AI shall have the right to suspend Services and/or terminate the Agreement without penalty on written notice to Customer.

Customer acknowledges that for quality control, training and record‐keeping purposes, Scrypt AI may monitor and/or record telephone calls and Customer hereby consents to such monitoring and recording. Customer further acknowledges that not all calls may be monitored or recorded and not all calls may be retained or capable of being retrieved.

When Customer uses Scrypt AI’s payment products or Services, the following terms shall apply:

(a) Customer will provide Scrypt AI with the contact information for its suppliers whom Customer intends to pay through such Services; and, as part of the Services, Scrypt AI may contact such suppliers to enroll them in the Scrypt AI supplier network. Customer acknowledges that its suppliers may also supply goods and services to other Scrypt AI customers and may therefore already be enrolled in the Scrypt AI supplier network in which case Scrypt AI will make payments to such suppliers in accordance with their already established payment preferences. Once any given supplier is enrolled in the Scrypt AI supplier network, such supplier remains enrolled until such supplier decides to terminate its enrollment or Scrypt AI terminates its enrollment.

(b) Customer authorizes Scrypt AI and/or its partners to (i) act as Customer’s agent for the purpose of making payments to Customer’s authorized payees by VCC, ACH, paper check or other commercially accepted payment method; (ii) debit Customer’s designated bank account(s) in the amount of funds required to make payments authorized by Customer and credit such funds in custodial account(s) established for the benefit of customers; and (iii) with respect to any ACH payment, to create an ACH debit from the bank account from which the payment transaction will originate. Customer agrees to provide a reasonable and customary ACH authorization that has been executed by an authorized representative for its designated bank accounts. A list of Scrypt AI’s current partners is published at Scrypt.ai.

(c) Customer represents and warrants that (i) Customer has full authority to authorize all payments requested through the Services; (ii) Customer has authorized applicable financial institution(s) to withdraw, debit or charge the necessary funds from the bank account(s) from which payments will be made via the Services; (iii) Customer will request that Scrypt AI make a payment for Customer only when a sufficient collected balance is or will be available in the respective bank account at the anticipated time of withdrawal; (iv) Customer’s payment and remittance instructions are complete and accurate in all respects and in compliance with Applicable Law, including any requirements of OFAC; and (v) Customer’s instructions, requests or other communications given to Scrypt AI through the Services shall be regarded as legal endorsements and shall be deemed to have the same legal authority as a written authorization signed by an authorized representative. Scrypt AI shall have no liability resulting from following Customer’s instructions, including payment instructions; the refusal of any payee to accept payment through the Services (in which case Customer agrees to accept the return of such payment funds); the failure of Customer to provide timely or accurate information to Scrypt AI (including invoices and payment instructions); or a breach by Customer of its representations and warranties.

(d) Customer acknowledges that the payment Services provided by Scrypt AI are for the purpose of facilitating business to business (not consumer) payments in the United States and that Scrypt AI does not provide multi‐currency functionality. Customer agrees to defend, indemnify and hold Scrypt AI
harmless from and against all liability, costs, expenses, losses, fines or damages incurred by Scrypt AI arising from payments Customer authorizes outside of the United States or to consumers through its use of the Services.

(e) If Customer requests Scrypt AI to stop any payment already approved by Customer, Scrypt AI will use reasonable efforts to do so, but cannot guarantee that such payment can be stopped. Customer acknowledges and agrees that (a) each stop payment requested by Customer must have been received by Scrypt AI in time to allow Scrypt AI and the financial institution or card provider an opportunity to act on it; (b) Customer will be responsible for the Scrypt AI stop payment authorization fee plus any charges incurred by Scrypt AI from the financial institution or card provider in connection with the stop payment request; and (c) if Scrypt AI initiates the stop payment and returns Customer’s funds and subsequently the Customer’s payee is nonetheless able to negotiate any check or force post any virtual credit card for which funds were withdrawn, thereby creating a liability for Scrypt AI, then Customer agrees to reimburse Scrypt AI in the amount of such payment and any service fees or other charges payable to any check cashing company or other holder in due course. Customer will reimburse Scrypt AI within five (5) business days. If such reimbursement is not received in five (5) business days, then Customer agrees that Scrypt AI may offset any amounts payable to Customer under any agreements by such reimbursable
amounts, charge interest at the rate of eighteen percent (18%) per annum or the maximum rate permitted by law on any unpaid reimbursable amount and suspend services until Customer reimburses Scrypt AI in full.

(f) Scrypt AI reserves the right to correct payment transactions that were incorrectly executed, regardless of the nature and cause of the error, and in connection with exceptions handling. Customer agrees to use commercially reasonable efforts to assist Scrypt AI with returns and exceptions handling,
including the recovery of funds in the event of erroneous credit entries. When Customer sends each approved payment file to Scrypt AI, Customer shall ensure that funds for all payments it authorizes are available from the authorized bank accounts (including any accounts of Customer’s Affiliates or clients). In the event funds are not available at the time any payment is made by Scrypt AI or any ACH debit is subsequently reversed or rejected, then Customer agrees to reimburse Scrypt AI within two Business Days for such payment amounts and any resulting penalties or other out‐of‐pocket costs incurred by Scrypt AI. If Customer fails to reimburse Scrypt AI within two Business Days, Customer shall also pay Scrypt AI interest on the amount of such payment made by Scrypt AI at the rate of 18% per annum or the maximum rate permitted by law until such time as Scrypt AI receives from Customer the full amount of the payment and other costs incurred. Customer agrees that Scrypt AI may, in addition to all other available remedies, delay payments to ensure that Scrypt AI has received good funds from the Customer prior to initiating payments or immediately suspend all payment transactions until it receives reimbursement from Customer.

4. Fees and Payment
The fees for the Services are set forth on the applicable Order Form(s) and are payable as required by the Services Agreement or the applicable Order Form. If Scrypt AI provides any on‐site services for Customer, in addition to any fees payable for such services, Customer agrees to reimburse Scrypt AI for actual out‐of‐pocket living and travel expenses (e.g., transportation, hotel, meals) reasonably incurred in connection with performing such services. Scrypt AI will give Customer an estimate of all such expenses for review and approval prior to providing any on‐site services.

Customer agrees that invoices for the fees and any other amounts due and payable to Scrypt AI under the Agreement may be transmitted electronically. Customer will give Scrypt AI complete and accurate billing information and contact information, including Customer’s legal name, street address, email address and the name(s) and telephone number(s) of authorized billing contact(s) and administrator(s). Customer agrees to update this information as soon as practicable following any changes.

Customer shall reimburse Scrypt AI for any out‐of‐pocket costs (including reasonable legal fees) incurred to collect past due amounts that were not disputed in writing by Customer prior to the invoice due date. Failure to timely collect any invoice amounts shall not constitute a waiver by Scrypt AI to collect or receive such amounts. Scrypt AI reserves the right, on prior written notice to Customer, to refuse to provide Services while any accrued and undisputed amounts remain unpaid. Notwithstanding any such suspension, Customer shall remain liable to Scrypt AI for all amounts payable under the Agreement.

Fees and charges for the Services are exclusive of all taxes, levies, duties or other assessments by governmental authorities (collectively, “Taxes”) and, subject to any valid tax exemption certificate provided to Scrypt AI by Customer, Customer shall be responsible for payment of all Taxes in connection with the Services or arising from the Agreement, excluding only amounts based on Scrypt AI’s income. Scrypt AI may add to each invoice, and Customer shall pay to Scrypt AI, any applicable Taxes. If any taxing authority determines at any time that Scrypt AI has incorrectly determined or not collected any Tax liability for which Customer is responsible, Scrypt AI, as applicable, shall have the right to invoice Customer for Taxes determined by such taxing authority to be due and owing or shall refund to Customer Taxes previously collected in error once such amounts have been refunded to Scrypt AI by the taxing authority.

5. Third Party Interactions
Scrypt AI shall have the right to use third parties in the performance of its obligations under the Agreement at no additional expense to Customer; provided that Scrypt AI shall be liable for the acts or omissions of such third parties in the performance of the Services. Customer agrees that no employees of Scrypt AI or its contractors shall be required to individually sign any agreement with Customer in order to provide Services, including access, security, facilities or confidentiality agreements. Notwithstanding the foregoing, the Agreement is for the sole benefit of Scrypt AI and Customer and their respective successors and permitted assigns; and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever.

6. Termination
The Agreement may be terminated prior to expiration of its term by either party upon the failure of the other party to perform any material obligation that is not cured within thirty (30) days after receipt of written notice and demand for cure from the affected party or within such longer period of time that may be agreed upon by the parties. Except as may be expressly agreed to otherwise by the parties, termination of the Agreement by a party shall be in addition to, and not in lieu of, any other remedies available to such party.

7. Confidentiality
Each party may disclose (the “Discloser”) confidential and proprietary information (“Confidential Information”) to the other party (the “Recipient”) during the term of the Agreement. The Recipient shall hold such Confidential Information in confidence and shall not disclose it except to its employees, agents or other representatives who have a need to know such Confidential Information in connection with Recipient’s performance under the Agreement. Customer’s Confidential Information shall include, without limitation, all information relating to the trade secrets and business affairs of Customer and, if
applicable, Customer’s Affiliates and clients, including financial information, information about computer systems and Confidential Information contained in the Customer Materials. The Confidential Information of Scrypt AI shall include information relating to the Services, Scrypt AI Technology, Scrypt AI Content and other information relating to the trade secrets or business affairs of Scrypt AI, its Affiliates, suppliers and agents.

Recipient shall protect and safeguard the Confidential Information of the Discloser and shall not, in whole or in part, sell, lease, license, assign, transfer or disclose such Confidential Information to any third party and shall not copy, reproduce or distribute the Confidential Information except as contemplated by the Agreement. Recipient shall take reasonable precautions, but no less than those precautions used to protect its own Confidential Information, to prevent the theft, disclosure and unauthorized copying, reproduction or distribution of the Discloser’s Confidential Information. Recipient shall promptly notify Discloser if Recipient has a reasonable belief that Discloser’s Confidential Information has been disclosed other than as permitted by the Agreement. The parties acknowledge and agree that Scrypt AI may disclose Confidential Information on a confidential basis to a third party in connection with any work that the third party is performing on behalf of Scrypt AI, subject to a written agreement containing terms substantially similar to those set forth in this Section 7.

Neither party shall have any rights in the other party’s Confidential Information and shall return or destroy all such Confidential Information upon the termination or expiration of the Agreement or upon receipt of written notice from the Discloser. Notwithstanding the foregoing, the parties agree that the Recipient shall not be required to return to the Discloser or destroy those copies of Confidential Information which are required to be retained by Applicable Law or residing on Recipient’s backup, disaster recovery, or business continuity systems and that the obligations hereunder with respect to such Confidential Information shall survive until it is destroyed from such systems by the Recipient and for such additional period specified in this Section.

Recipient acknowledges that Discloser shall have the right to take all reasonable steps to protect its Confidential Information including, but not limited to, injunctive relief and any other remedies as may be available at law or in equity in the event the Recipient does not fulfill its obligations under this Section.

Confidential Information shall not include information that (a) was already in the lawful possession of the Recipient prior to receipt thereof, directly or indirectly, from the Discloser; (b) becomes available to Recipient on a non‐confidential basis from a source other than Discloser that is not under an obligation to keep such information confidential; (c) is generally available to the public other than as a result of a breach of the Agreement by Recipient or its representative(s); or (d) is independently developed by or for Recipient without reference to the Confidential Information. In addition, a party shall not be considered to have breached its obligations by disclosing Confidential Information of the other party as required to satisfy any request of a competent governmental body, provided that promptly upon receiving any such request, and to the extent that it may legally do so, such party advises the other party of the request prior to making such disclosure so that the other party may object to such disclosure, take action to assure confidential handling of the Confidential Information, or take such other action as it deems appropriate to protect the Confidential Information.

The terms and conditions of this Section shall survive termination or expiration of the Agreement for a period of three (3) years; provided, however, with respect to any information provided by the Discloser and identified as a trade secret or concerning the infrastructure or security of its computing networks, these terms and conditions shall continue until such information is no longer protected as Confidential Information by the Discloser.

8. Indemnification
Customer shall defend, indemnify and hold harmless Scrypt AI, its Affiliates and licensors and their respective directors, officers, employees and agents against any and all third party claims, damages, losses, liabilities, costs and reasonable expenses (including reasonable attorneys’ fees) arising out of (i) any claim alleging that use of the Customer Systems and Materials in connection with the Services infringes the rights of, or has caused harm to, a third party or (ii) a breach of Customer’s representations, warranties or obligations under the Agreement.

Scrypt AI shall defend, indemnify and hold harmless Customer, its Affiliates and their respective directors, officers, employees and agents against any and all third party claims, damages, losses, liabilities, costs and reasonable expenses (including reasonable attorneys’ fees) arising out of any claim made by any third party that the Services as supplied by Scrypt AI infringe a United States copyright or a United States patent. If such a claim is made or is likely to be made, Scrypt AI will, at its own expense and sole discretion, exercise one or more of the following remedies: (a) obtain for Customer the right to continue to use the Services consistent with the Agreement; (b) modify the Services so they are non‐ infringing and in compliance with the Agreement; or (c) terminate the infringing portion of the Services without liability for such termination other than the ongoing indemnity obligation hereunder. Scrypt AI will have no indemnity obligation or other liability hereunder arising from (i) Customer’s negligence, breach of the Agreement or alteration of the Services as provided by Scrypt AI; (ii) the Customer Systems and Materials or information, designs, specifications, directions, instructions, software, data or materials not furnished by Scrypt AI; or (iii) the combination of the Services with Customer Systems and Materials or hardware, software, materials, products or services not provided by Scrypt AI. The foregoing states the entire obligation of Scrypt AI and its licensors, and the exclusive remedy of Customer, with respect to infringement of proprietary rights.

A party claiming indemnification under this Section (the “Indemnified Party”) shall give the other party prompt written notice of such claim for indemnification, reasonable assistance in the defense of the claim and exclusive authority to defend, compromise or settle the claim, so long as no such settlement or compromise places any obligations on, or waives any rights of, the Indemnified Party without its prior written consent. Neither party shall have any obligation to indemnify the other party for the other party’s acts or omissions.

9. Warranty and Disclaimer
Scrypt AI warrants to Customer that the Services will conform in all material respects with the terms of the Agreement and any product documentation published by Scrypt AI. If Customer notifies Scrypt AI of a breach of warranty, upon confirmation by Scrypt AI, Scrypt AI will use commercially reasonable efforts to correct the defect, which may include providing a work‐around, patch or replacement technology of functional equivalence. Customer agrees to provide relevant information and to use reasonable efforts to assist Scrypt AI in diagnosing, replicating and correcting defects or other issues concerning the Services. The foregoing remedy is sole and exclusive for any breach of warranty claim. Scrypt AI and its
licensors make no other representation, warranty, or guarantee as to the suitability, quality, reliability, timeliness, availability, accuracy or completeness of the Services or any content. EXCEPT FOR THE EXPRESS WARRANTY GIVEN IN THIS SECTION, THE SERVICES, THE SCRYPT AI TECHNOLOGY AND ALL CONTENT AND MATERIALS ARE PROVIDED TO CUSTOMER STRICTLY ON AN “AS IS, AS AVAILABLE” BASIS.ALL CONDITIONS, REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY DISCLAIMED TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW.

Service errors, defects, failures or other non‐compliance caused, in whole or in part, by (a) Customer’s failure to comply with the Agreement; (b) the acts or omissions of any person other than Scrypt AI or its agents; (c) Customer’s modification of the Services or any part thereof; (d) Customer’s use of the Services or any part thereof in combination with systems or materials not furnished by Scrypt AI; or (e) any other cause beyond Scrypt AI’s reasonable control (e.g., computer viruses, hackers, failure of electric power, internet downtime) are excluded from Scrypt AI’s warranty.

10. Internet and Other Delays and Failures
Neither party shall be liable for any delay or failure to perform (excluding, however, Customer’s obligations to pay for Services provided) due to causes beyond its reasonable control, including without limitation, acts of God; fires; explosions; floods; unavailability or instability of the internet;
telecommunication failures; war; technology attacks; epidemics; acts of terrorism; riots; embargoes; quarantines; viruses; strikes; lockouts; disputes with workmen or other labor disturbances; total or partial failure of transportation, utilities, delivery facilities or supplies; acts or requests of any governmental authority; or any other cause beyond its reasonable control whether or not similar to the foregoing.

Customer expressly agrees that Scrypt AI shall not be liable for any losses incurred by Customer arising out of any delay in any wire transfer or processing of ACH debits or credits or any delay of the United States Postal Service or other mail carrier, except to the extent any such delay is caused by Scrypt AI.

11. Limitation of Liability
IN NO EVENT SHALL EITHER PARTY, ITS AFFILIATES OR LICENSORS BE LIABLE FOR ANY PUNITIVE, SPECIAL, COVER, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR INDIRECT DAMAGES OF ANY TYPE OR KIND (INCLUDING FOR EXAMPLE, LOSS OF GOODWILL, DATA, REVENUE, PROFITS, SAVINGS, USE OR ECONOMIC ADVANTAGE) ARISING OUT OF, OR RELATING TO, THE SERVICES OR THE AGREEMENT, EVEN IF A PARTY, ITS AFFILIATES OR LICENSORS WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES WERE FORESEEABLE. THE FOREGOING SHALL NOT BE CONSTRUED TO WAIVE OR REDUCE CUSTOMER’S OBLIGATION TO PAY ALL AMOUNTS DUE AND PAYABLE TO SCRYPT AI IN CONNECTION WITH THE SERVICES.

THE CUMULATIVE LIABILITY OF SCRYPT AI UNDER THE AGREEMENT IN CONNECTION WITH ANY GIVEN SERVICE, HOWSOEVER ARISING AND IRRESPECTIVE OF THE CAUSE OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE), SHALL NOT EXCEED THE TOTAL AMOUNT OF FEES RECEIVED FROM CUSTOMER FOR SUCH SERVICES.

NO CLAIM ARISING OUT OF THE AGREEMENT MAY BE BROUGHT BY EITHER PARTY MORE THAN ONE (1) YEAR AFTER THE OCCURRENCE OF THE FIRST EVENT GIVING RISE TO THE CLAIM.

THE DISCLAIMERS AND LIMITATIONS OF LIABILITY IN THE AGREEMENT SHALL SURVIVE EXPIRATION OR TERMINATION OF THE AGREEMENT, WILL APPLY EVEN IF ANY LIMITED REMEDY SPECIFIED IN THE AGREEMENT IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE AND FORM AN ESSENTIAL PART OF THE CONSIDERATION FOR THE PARTIES’ PERFORMANCE.

12. Notice
Any notice required or permitted to be given concerning a party’s obligations or rights under the Agreement shall be sent in writing by first class mail (postage prepaid with return receipt requested), nationally recognized overnight delivery service or confirmed facsimile or email and shall be deemed
given upon receipt. Scrypt AI shall use Customer’s then current contact information on record in Scrypt AI’s account information for all notices. Customer shall send notices to Scrypt AI at the following address, fax number or email: help@scrypt.ai.

13. Modifications
Scrypt AI reserves the right to modify its policies relating to the Services and these General Terms and Conditions at any time. Such changes may be communicated to Customer by sending an email to Customer, posting them on Scrypt AI’s website or the web portal for the Services or by any other reasonable means of communication. Customer’s continued use of the Services after implementation of such changes constitutes Customer’s acceptance thereof. If Customer notifies Scrypt AI in writing within 30 days following Scrypt AI’s implementation of such changes that they materially adversely affect Customer and Scrypt AI does not agree to a modification to mitigate such adverse effect to Customer, then Customer shall have the right to terminate the Agreement without penalty upon 30 days’ prior written notice and payment of all amounts due and owing to Scrypt AI as of the termination date.

14. Assignment
Neither party may assign the Agreement without the prior written consent of the other party, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, either party may assign the Agreement on written notice to, but without the prior written consent of, the other party (i) to any Affiliate of the assigning party, provided that the assigning party remains the guarantor of all the assignee’s obligations hereunder; (ii) to any purchaser of all or substantially all of the assigning party’s assets or equity interests; or (iii) to any lender where such assignment serves solely as collateral for security purposes. All of the terms of the Agreement shall be binding upon and inure to the benefit of the parties’ successors and permitted assigns. Notwithstanding the foregoing, any assignment of this Agreement by Customer must be in accordance with a written assignment agreement and is subject to the assignee providing information requested by Scrypt AI to enable Scrypt AI to comply with Applicable Law as more particularly described above in Section 3 of these general terms and conditions.

15. General
The Agreement shall be deemed made in, and governed by the laws of, the state of Delaware without regard to any conflicts of law provisions of any jurisdiction. The parties agree that any claims will be resolved on an individual basis without resort to any form of class action and will not be consolidated with the claims of any other parties. Each party hereby waives its right to a jury trial with respect to any dispute or claim of any nature arising from the Agreement. No handwritten changes on any portion of the Agreement shall add to or vary the terms and conditions of the Agreement unless agreed to in a writing signed by the parties’ authorized representatives. If any provision of the Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the Agreement shall be modified to reflect the intent of the invalid or unenforceable provision to the greatest possible extent, with all other provisions remaining in full force and effect. The parties are independent contractors and no joint venture, partnership, franchise, employment or agency relationship exists between Customer and Scrypt AI as a result of the Agreement or use of the Services. The failure of a party to enforce any right or provision in the Agreement shall not constitute a waiver of such right or provision unless acknowledged and agreed to in writing by such party. No waiver shall be deemed a continuing waiver or waiver in respect of any subsequent breach or default, whether of similar or different nature, unless expressly stated in writing. This Agreement may be signed and transmitted electronically and in counterparts; and each such counterpart, whether manually or electronically executed, and howsoever transmitted, shall be deemed an original and altogether shall constitute one and the same document.

Except for materials already made public, neither party will publish any news releases or other information concerning the Agreement, nor use the other party’s name or trademarks, without the other party’s prior written consent. Notwithstanding the foregoing, Scrypt AI may use Customer’s name and trademarks in a list of customers or in connection with written sales or promotional materials.

All provisions of the Agreement which by their nature may require performance after expiration or termination of the Agreement shall survive such expiration or termination, including appropriate provisions of Section 2 (Customer’s Obligations), Section 3 (Customer’s Authorizations), Section 4 (Fees and Payment), Section 5 (Third Party Interactions), Section 7 (Confidentiality), Section 8 (Indemnification), Section 11 (Limitation of Liability), Section 15 (General) and Section 17 (Definitions).

16. Legal and Regulatory Compliance
Each party shall comply with, and will not use or provide the Services in violation of, Applicable Law.

For each ACH payment, Customer (a) agrees to be bound by all applicable NACHA Rules and assume the responsibilities of an Originator thereunder; (b) authorizes Scrypt AI and its Originating Depository Financial Institution (ODFI) to originate ACH entries on behalf of Customer to payees’ accounts; (c) agrees not to originate entries that violate the laws of the United States or any state; (d) agrees to comply with file limits and controls, credit limits and controls and security procedures for handling ACH entries, as may be required by Scrypt AI or the bank used by Scrypt AI to provide ACH services; (e) retain evidence of authorization for ACH entries for a minimum of two years from the date of authorization; (f) understands and agrees that Scrypt AI will not process or originate any ACH transactions in violation of the NACHA Rules or Applicable Law, international ACH transactions or other transaction types as may be identified by Scrypt AI in the future; (g) agrees Scrypt AI and its ODFI have the right to terminate or suspend this Agreement for any breach of the NACHA Rules, so that Scrypt AI and the ODFI can comply with the NACHA Rules; (h) warrants that it has no actual knowledge of any revocation of a Receiver’s authorization or termination of the arrangement between the Receiver and the Receiving Depository Financial Institution (RDFI); and (i) grants Scrypt AI and the ODFI the right to audit Customer’s compliance with this Agreement and the NACHA Rules.

Each party shall be solely responsible for any violation of Applicable Law or of the NACHA Rules by it or its representatives, agents or contractors. Violation of Applicable Law or the NACHA Rules is deemed to be a material breach of the Agreement.

17. Electronic Fund Transfers (EFTs) and Account Balances.
Scrypt AI partners with financial services software company Sila Inc. (Sila) and banking services provider Evolve Bank & Trust (Evolve), member FDIC, to offer you electronic fund transfers (EFTs). By creating an account and initiating bank deposits or withdrawals, you agree to Sila’s terms of service,
https://silamoney.com/terms‐of‐service, and Evolve’s demand deposit account agreement, https://silamoney.com/evolve‐bank‐deposit‐agreement, (together, the “Partner Terms”). You must comply with the Partner Terms when creating or using your Scrypt AI Account. The Partner
Terms may be modified from time to time, and the governing versions are incorporated by reference into these General Terms and Conditions.
Any term not defined in this section but defined in the Partner Terms assumes the meaning as defined in the Partner Terms. IT IS YOUR RESPONSIBILITY TO READ AND UNDERSTAND THE PARTNER TERMS BECAUSE THEY CONTAIN TERMS AND CONDITIONS CONCERNING YOUR SCRYPT AI ACCOUNT, INCLUDING BUT NOT LIMITED TO LIMITATIONS, REVERSALS, AND ARBITRATION PROVISIONS, AND YOUR RELEVANT RIGHTS AND LIABILITIES.

Scrypt AI partners with financial services software company OneNetworks, Inc. (Dba Finexio) (Finexio). By creating an account and initiating bank deposits or withdrawals, you agree to Finexio’s terms of service, https://www.finexio.com/terms‐of‐service Scrypt AI partners with item processing and treasury management solutions company CheckAlt, LLC (CheckAlt). By creating an account and initiating bank deposits or withdrawals, you agree to CheckAlt’s terms of use, https://www.checkalt.com/terms‐of‐use Scrypt AI reserves the right to partner or cease partnership with these or other partners now and in the future. By creating an account and initiating bank deposits or withdrawals, you agree to our then current and future partners’ terms of service as they may be amended from time to time. A list of Scrypt AI partners can be found on our website or by contacting your account representative.

18. Definitions
Capitalized terms used in any of the Agreement documents shall have the following meanings, unless otherwise defined in such documents:

“ACH” means the Automated Clearing House network operated by NACHA that coordinates automated money transfers from one bank account to another in the United States;

“Affiliate” means any party that directly or indirectly controls, is controlled by, or is under common control with, either of the parties to the Agreement. For this purpose, “control” means the direct or indirect possession of power to direct or cause the direction of the management or policies of a party, whether through ownership of stock or other securities, by contract or otherwise. Ownership of more than fifty percent (50%) of the beneficial interest of an entity shall be conclusive evidence that control exists;

“Applicable Law” means United States federal, state or local law (including without limitation, statutes, regulations, judicial or administrative decisions, executive orders or rules) applicable to the parties’ respective rights and obligations under the Agreement;

“Scrypt AI Content” means the audio, visual and/or electronic information, data, documents or materials made available by Scrypt AI or its third‐party suppliers to Customer in the course of using the Services;

“Scrypt AI Technology” means all of Scrypt AI’s proprietary and/or licensed technology, including software, hardware, products, processes, algorithms, user interfaces, know‐how, techniques, designs, documentation and other tangible or intangible technical materials or information;

“Billing Cycle” means the period of time between billings for Services fees (e.g., one‐time, monthly, quarterly, annually);

“Business Day” means any calendar day, excluding Saturdays, Sundays and United States federal government holidays;

“Customer” means the legal entity identified in the registration and identification data provided to Scrypt AI, as set forth on any Order Form;

“Customer Materials” means the electronic information, data, documents or materials provided by Customer in the course of using the Services;

“Customer Systems” means all necessary systems, facilities and resources of any kind required to be provided by Customer to effectively access and use the Services, including, as applicable, Customer or third‐party communication lines, databases, software, hardware, firewalls, internet connections, routing and network addresses and configurations and key contacts for problem escalation;

“Customer Systems and Materials” means Customer Systems together with Customer Materials;

“days” means calendar days unless otherwise specified;

“Go‐live Date” means the date that all implementation and set‐up tasks have been completed with respect to any given Service and Scrypt AI makes such Service available for Customer’s use.

“Intellectual Property Rights” means unpatented inventions, patent applications, patents, design rights, copyrights, trademarks, service marks, trade names, domain name rights, mask work rights, know‐how, trade secrets and all other intellectual property rights, derivatives thereof and forms of protection of a similar nature;

“NACHA Rules” means the then current operating rules and guidelines promulgated by the National Automated Clearing House Association (NACHA) that define the roles and responsibilities for the processing of ACH transactions.

“OFAC” means the United States Department of Treasury Office of Foreign Assets Control;

“Order Form(s)” mean the form(s) that describe the Services (defined below) purchased by Customer and certain other terms, such as the applicable fees, Initial Term and Billing Cycle(s) agreed to between Customer and Scrypt AI;

“Services” mean the various services offered by Scrypt AI for sale to businesses that support the automation or management of accounts payable from the procurement stage through payment disbursement and receipt. Services may include access to software applications or information by Customer through a secure web portal and/or support services provided by Scrypt AI (e.g., onboarding, training, fee‐based customer education classes, customer support, payment processing support);

“Software” means the object code version of any software code for which Customer purchases a license from Scrypt AI; and

“Transaction” means each invoice, purchase order, contract, notice, statement, image, payment or any other item processed by Scrypt AI via the Services on a fee per item basis. A transaction charge applies to each individual item submitted into the Services by Customer.