vault56 Customer Agreement

Download as PDF · Business Account Agreement

Last Update: Dec 27, 2022

This Customer Agreement (this “Agreement”) contains the terms and conditions that govern your access to and use of the vault56 cloud storage platform (the “vault56 Service”) and is an agreement between you (“you” or “your”) and vault56 AB (“vault56,” “we,” “us,” or “our”). The acceptance by you of this Agreement, and any referenced policies, including the vault56 Service Level Agreement and vault56 Platform Terms of Use and Acceptable Use Policy is required before you can set up a vault56 account. In the event of any conflict between the terms and conditions of this Agreement and any exhibit, policy, or product terms, the terms of the applicable exhibit, policy or product terms shall prevail.

CLICKING ON THE “ACCEPT” BUTTON OR CREATING A CUSTOMER ACCOUNT AND DOWNLOADING, INSTALLING AND/OR USING THE vault56 SERVICE OR ANY TECHNOLOGY, IDEA, DATA, DATABASES, ALGORITHM OR INFORMATION CONTAINED THEREIN (EACH, AS APPLICABLE) OR PROVIDED THEREWITH, ESTABLISHES A BINDING AGREEMENT BETWEEN YOU AS THE PERSON USING THE SERVICES, EITHER ON BEHALF OF YOURSELF OR ANY THIRD PARTY ENTITY AND vault56, AND YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS AGREEMENT WITH RESPECT TO YOUR USE OF THE SERVICES.

YOU REPRESENT AND WARRANT THAT YOU HAVE THE LEGAL CAPACITY AND AUTHORITY TO ENTER INTO A BINDING AGREEMENT TO ADHERE TO THE TERMS AND CONDITIONS SET FORTH HEREIN, AND THAT THE vault56 SERVICE WILL BE USED ONLY IN ACCORDANCE WITH THIS AGREEMENT AND WITH ALL APPLICABLE LAWS. IF AN INDIVIDUAL IS REGISTERING OR USING THE vault56 SERVICE ON BEHALF OF AN ENTITY OR ORGANIZATION, THAT INDIVIDUAL WARRANTS, REPRESENTS, AND COVENANTS TO vault56 THAT SUCH INDIVIDUAL IS DULY AUTHORIZED TO AGREE TO THIS AGREEMENT ON BEHALF OF THE ORGANIZATION AND TO BIND THE ORGANIZATION TO THEM.

1. Use of the vault56 Service

1.1 Access. Subject to the terms and conditions of this Agreement, vault56 hereby grants you and your Authorized Users (as defined below), for your internal business purposes and for so long as you maintain a Customer Account (as defined in Section 1.2) in good standing, a non-exclusive, non-transferable, non-sublicensable right to access and use the vault56 Service (including any customer portals which may also be made available to you in as part of or through with the vault Service) in accordance with the Documentation. “Documentation” means the user, technical and admin guides for the vault56 Service located at vault56.com/docs (and any successor or related locations designated by vault56), as such Documentation may be updated by vault56 from time to time.

1.2 Registration of Customer Accounts. (a) You must register an account with us (a “Customer Account”) in order to use the vault56 Service. We will use your account information in accordance with our Privacy Policy, and you consent to such usage, where “account information” means information about you that you provide to us in connection with the creation or administration of your Customer Account. For example, account information includes names, usernames, phone numbers, email addresses and billing information associated with your Customer Account.

(b) You agree to provide accurate and complete information in the creation of your Customer Account, and you acknowledge and agree you will update this information with any changes. You may authorize others (collectively, “Authorized Users”) to use the vault56 Service on your behalf. Each Authorized User will establish or be provided with a username and password. You are responsible for the acts and omissions of your Authorized Users. Authorized Users may also be required to use other access credentials, such as an encryption key (collectively, “User Credentials”). We reserve the right to suspend or terminate the Customer Account, or the access of any Authorized User, for any reason, including if any registration information is inaccurate, untrue or incomplete, or if you or any of your Authorized Users fail to maintain the security of any User Credentials.

(c) You and your Authorized Users are responsible for ensuring that User Credentials are kept confidential and are not disclosed to any third party. You are fully responsible for all activity that occurs under your Customer Account using the User Credentials, including any loss or deletion of Your Content (as defined in Section 1.7 below), regardless of whether the activities are authorized by you or undertaken by you, your employees or a third party (including your contractors, agents or End Users). vault56 and its Affiliates are not responsible for unauthorized access to your Customer Account.

“Affiliate” means any corporation, partnership or other entity now existing or hereafter organized that directly or indirectly controls, is controlled by or under common control with vault56. For purposes of this definition “control” means the direct possession of a majority of the outstanding voting securities of an entity.

(d) You agree to, and will ensure that each Authorized User will, notify us at support@vault56.com immediately upon learning of any unauthorized access to a Customer Account or any other suspected security breach.

1.3 Third-Party Content. Third-Party Content made available by vault56 through the vault Service, if any, may be used by you, solely at your option. Third-Party Content solely governed by the separate terms and conditions accompanying such Third-Party Content, which terms and conditions may include separate fees and charges. “Third Party Content” means content made available to you by any third party on the vault56 website or in conjunction with the vault Service.

1.4 Usage Data. To provide billing and administration services, or to investigate fraud, abuse or violations of this Agreement, we may process usage data related to your Customer Account, such as, by way of example only, resource identifiers, metadata tags, security and access roles, rules, usage policies, permissions, usage statistics and analytics (“Usage Data”).

1.5 Limited vault56 Services. We may offer the vault56 Service for free in limited circumstances, such as free trials, or may offer a pre-release version of any vault56 Service (“Limited vault Service”). The Limited vault56 Service requires an active Customer Account and is subject to the time limits that are made known to you at the time of order fulfillment, via email or the Documentation. You acknowledge and agree that you will use the Limited vault56 Service in compliance with any related Documentation and restrictions. You acknowledge that your, and your Authorized User’s, use of any Limited vault56 Service is for the sole purpose of evaluating and testing the applicable such service and providing feedback to vault56. Further, you agree that any pre-release version of a vault56 service may be experimental in nature, have not been fully tested and may be discontinued at any time with or without notice. We may, in our discretion, discontinue any Limited vault56 Service at any time, at which point your access will end and any Your Content shall be deleted.

1.6 Client Download. The vault56 Service may require software be installed by you. Subject to the terms and conditions of this Agreement, and in consideration of the applicable fees paid by you, vault56 grants to you a non-exclusive, nontransferable, limited license (without the right to sublicense) to install, execute and use such software solely: (i) in object code format; (ii) for your internal use, with no right to make such software available to third parties either by transferring copies thereof or by providing a hosted service; and (iii) in accordance with Documentation and the terms hereof.

1.7 Your Content. “Your Content” means content that you or any Authorized User transfer to us for storage or hosting by the vault56 Service in connection with your Customer Account. Your content does not include your Customer Account information. You will ensure that Your Content will not violate any terms of this Agreement or referenced vault56 policies or Documentation, or any applicable law. You are solely responsible for the development, content, operation, maintenance, and use of Your Content.

You represent and warrant to us that: (a) you or your licensors own all right, title, and interest in and to Your Content and Feedback; (b) you have all rights in Your Content and Feedback necessary to grant the rights contemplated by this Agreement; and (c) none of Your Content use of the vault Service will violate the Platform Terms of Use and Acceptable Use Policy (found at https://www.vault56.com)..)

2. vault56 Changes; Support and Maintenance

2.1 To the vault56 Service. We may change or discontinue any or all of the vault56 Service or change or remove functionality of any or all of the vault56 Service from time to time. We will notify you of any material change to or discontinuation of the vault56 Service by posting the revised version on our website and/or communicating it to you. Any changes to the vault56 Services will be effective ten (10) days from the time we post such changes. Your continued use of the vault Services thereafter constitutes your acceptance the changed vault56 Service.

2.2 To the APIs. We may change or discontinue any APIs for the vault56 Service from time to time. For any discontinuation of or material change to an API, we will use commercially reasonable efforts to continue supporting the previous version of such API for 12 months after the change or discontinuation (except if doing so (a) would pose a security or intellectual property issue, (b) is economically or technically burdensome, or (c) would cause us to violate the law or requests of governmental entities).

2.3 To the Service Level Agreements. We may change, discontinue or add Service Level Agreements from time to time.

2.4 Support and Maintenance. During the term of the Usage Term, vault56 will provide you with reasonable support via the vault56 ticketing system, in accordance with vault56’s then-current service level agreement. vault56 and its Affiliates will provide you with service updates and bug fixes that we in its sole discretion makes generally available to its other similarly users of the vault56 Service at no charge. vault56 will use commercially reasonable efforts to correct reproducible failures of the vault56 Service to perform in substantial accordance with its Documentation. Further, vault56 itself and through its Affiliates will use reasonable efforts to schedule maintenance to the vault56 Service during non-peak usage hours. vault56 may temporarily limit or suspend the availability of all or part of the vault56 Service, without liability, if it is necessary for reasons of public safety, security, maintenance of the vault56 Service, interoperability of services, data protection, or to perform work that is necessary for operational or technical reasons.

3. Security and Data Privacy

3.1 vault56 Security. (a) Without limiting your obligations under Section 4.2 or the terms of Section 10, we will implement reasonable and appropriate measures designed to help you secure Your Content against accidental or unlawful loss, access or disclosure. (b) However, we cannot guarantee that unauthorized third parties will never be able to defeat our safeguards or use the Customer Account and/or Your Content for improper purposes. You provide your Customer Account details and Your Content to us at your own risk, and you are responsible for properly configuring and using the vault56 Service and otherwise taking appropriate action to secure, protect and backup your Customer Account(s) and Your Content in a manner that will provide appropriate security and protection, which might include use of encryption to protect Your Content from unauthorized access and routinely archiving Your Content.

3.2 Data Privacy. You may specify the vault56 regions in which Your Content will be stored. You consent to the storage of Your Content in, and transfer of Your Content into, the vault56 regions you select. When choosing vault56 regions outside of the European Union, if such regions are available, you acknowledge that you are responsible for understanding applicable law(s) and regulation(s) concerning the transfer of Your Content and have expressly consented with the storage and transfer of Your Content outside of the European Union.

3.3 Access of Customer Data. We will not access or use Your Content except as necessary to maintain or provide the vault56 Service (including as set forth in Section 1.5), or as necessary to comply with applicable laws, rules or regulations, or governmental orders. We will not move Customer Content from the vault56 regions selected by you, except in each case as necessary to comply with applicable laws, rules or regulations, or governmental orders. Unless it would violate any of the foregoing, we will give you notice of any legal requirement or order regarding disclosure of Customer Data.

4. License Grant; Acknowledgment

4.1 License of Your Content. You grant to vault56 a worldwide, non-exclusive, royalty-free, fully- paid up, transferable and sublicensable right to use and store Your Content (subject to Section 3.3) for the purpose of performing this Agreement, improving the vault56 Service, and as otherwise provided in vault56’s privacy policy located at vault56.com (and any successor or related locations designated by us), as may be updated by us from time to time (the “Privacy Policy”). You retain all rights Your Content, subject to the rights granted to us in this Agreement with respect to the performance of our obligations. You may modify or remove the Your Content via the Customer Account. Your Content will be irretrievably deleted upon (i) you or your Authorized User’s deletion of Your Content or (ii) cancellation or termination of the Customer Account.

4.2 Restrictions. You acknowledge and agree that you shall not, and shall ensure your Authorized Users do not: (i) access or use the vault56 Service in any manner or for any purpose other than expressly permitted by the Documentation; (ii) change, modify or otherwise create derivative works of all or any portion of the vault56 Service; (iii) modify, disassemble, decompile or reverse engineer any part of the vault56 Service or apply any other process or procedure to derive source code of any software included in vault56 Service (except solely to the extent permitted by applicable law); (iv) access or use the vault56 Service in a way intended to avoid exceeding usage limits or quotas; (v) use vault56 Service in order to build a similar or competitive application or service; or (vi) remove, tamper with or alter any disabling mechanism or circumvent any technical protection measures associated with the vault56 Service, or otherwise use any tool to enable features or functionalities that are otherwise disabled in vault56 Service.

You further acknowledge and agree that, unless otherwise expressly agreed or otherwise permitted by vault56, in writing (x) resell or sublicense the vault56 Service; or (y) remove or alter any proprietary notices (e.g., copyright and trademark notices) pertaining to the vault56 Service.

4.3 Log-In Credentials and Account Keys. Any log-in credentials and private keys provided to you by vault56 or generated by the vault56 Service are for your internal use only and you will not sell, transfer or sublicense them to any other entity or person, except that you may disclose your private key to your agents and subcontractors performing work on your behalf.

4.4 Authorized Users. You will be deemed to have taken any action that you permit, assist or facilitate any person or entity to take related to this Agreement, Your Content or use of the vault Service. You are responsible for your Authorized Users’ use of Your Content and the vault Service. You will ensure that all Authorized Users comply with your obligations under this Agreement. If you become aware of any violation of your obligations under this Agreement caused by an Authorized User, you will immediately suspend access to Your Content and the vault Service by such Authorized User. We do not provide any support or services to any Authorized User unless we have a separate agreement obligating us to provide such support or services to an Authorized User.

4.5 Assessments. You acknowledge and agree that (i) you assessed your data protection needs, network environment, technical specifications, and fees and cost of the vault56 Service, and you are solely responsible for your decision to use the vault56 Service even if vault56 has provided guidance to you in connection with the vault56 Service selected by you; and (ii) you are solely responsible for ensuring that you maintain and operate your information technology infrastructure in a manner appropriate to your use of the vault56 Service and its Documentation.

4.6 Your Conduct. You represent and warrant that Your Content and you and your Authorized User’s, use of the vault56 Service, and the technology related thereto, shall not (i) interfere with the proper working of the vault56 Services or impose an unreasonably large load on the vault infrastructure; (ii) give rise to civil or criminal liability, e.g. defamatory, threatening, pornographic, indecent, abusive, libelous or otherwise objectionable actions; (iii) violate or infringe upon any third party right, including any intellectual property right or right of privacy, or that abuses, harasses or stalks any other person; or (iv) initiate a denial of service attack, software viruses or other harmful or deleterious computer code, files or programs such as Trojan horses, worms, time bombs, cancelbots, or spyware.

5. Fees and Payment

5.1 Service Fees. Fees for the vault56 Service (“Fees”) will calculated and billed based on the vault56 Service selected by you (i.e. monthly or prepaid Reserved Capacity) or the vault quotation provided to you (which takes precedence). If we suspect that your account is at risk of non-payment, as determined in our discretion, we may bill you more frequently. All amounts payable by you under this Agreement will be paid to us without any setoff or counterclaim. We may increase or add new fees and charges for any existing vault56 Service by giving you at least thirty (30) days’ prior notice. We may elect to charge you interest at the rate of 1.5% per month (or the highest rate permitted by law, if less) on all late payments. Annual payments will be billed for a new annual period automatically unless cancelled before the new annual period starts.

Your failure to maintain your current credit card information or other alternative payment method may result in an interruption of your use of the vault56 Service.

5.2 Credit Card Payments. We utilize third party payment providers to process credit card payments on vault56’s behalf (“Payment Provider”). Such Payment Provider’s policies govern the processing of your payment, and you must refer to those policies and not this Agreement to determine your rights and liabilities. By providing your credit card information to the Payment Provider, you authorize vault56, through such Payment Provider, to immediately charge the Fees for the vault Service during any applicable term for vault56 Service.

5.3 Taxes. All fees payable by you are exclusive of means any taxes and duties, including, without limitation, VAT, Service Tax, GST, excise taxes, sales and transactions taxes, and gross receipts tax (“Taxes”), which are your responsibility. We will charge and you will pay such applicable Taxes. We will not collect, and you will not pay, any Taxes for which you furnish us a properly completed exemption certificate or a direct payment permit certificate for which we may claim an available exemption. You shall indemnify, defend and hold vault56 harmless for any liability or expense we may incur in connection with the failure to pay, or collection of, any Taxes.

5.4 No Deduction. All payments made by you to us under this Agreement will be made free and clear of any deduction or withholding. If any such deduction or withholding (including but not limited to cross-border withholding taxes) is required on any payment, you will pay such additional amounts as are necessary so that the net amount received by us is equal to the amount then due and payable under this Agreement.

5.5 Ongoing Fees. You acknowledge and agree that your credit card or alternative payment method will be automatically charged usage Fees during such period as you have an active Customer Account and you use the vault56 Service unless you cancel your Customer Account. You may cancel your Customer Account through when logged in through the settings page

6. Proprietary Rights; Confidentiality

6.1 Reservation of Rights. You acknowledge and agree that the software, code, hardware, trademarks, trade secrets, proprietary methods and systems used to provide the vault56 Service (the “vault56 Technology”) and the content made available or displayed by us through the vault Service, including all text, graphics, images and the look and feel of such vault56 Service (collectively, the “vault56 Content”) are owned by or licensed to vault56, including all intellectual property rights therein. Nothing in this Agreement or any of the Documentation shall be considered an assignment or other transfer of ownership in and to the vault56 Technology or vault56 Content to you, either expressly, or by implication, estoppel, or otherwise. Other than the authorizations or licenses as may be conferred or granted by us to you in this Agreement or any of the Documentation, vault56 reserves all right, title and interest in and to the vault56 Technology and vault56 Content. No right or license is granted by us to you or your Authorized Users to use any vault56 trademark, trade name, service mark, product name or other source designator.

Subject to the terms of this Agreement, you are hereby granted a limited, revocable, non-exclusive, non-sublicensable, non-transferrable license to do the following: (a) access and use the vault Service solely in accordance with this Agreement; and (b) copy and use the vault56 Content solely in connection with your permitted use of the vault56 Service. Except as provided in this Section 6.1, you obtain no rights under this Agreement from us, our Affiliates or our licensors to the vault Service, including any related intellectual property rights. Some vault56 Content and Third-Party Content may be provided to you under a separate license, such as the Apache License, Version 2.0, or other open source license. In the event of a conflict between this Agreement and any separate license, the separate license will prevail with respect to the vault56 Content or Third-Party Content that is the subject of such separate license.

6.2 Ongoing Development. vault56 may develop and provide ongoing innovation to the vault Service, including new features, functionality, and efficiencies. In the event vault56 adds new features or functionality (collectively, “New Features”) to the vault56 Service, vault56 may offer the New Features to you at no additional charge or, if vault56 generally charges customers for such functionality, vault56 may condition your use of the New Features on the payment of additional Fees.

6.3 Feedback. Notwithstanding anything to the contrary in this Agreement, you hereby agree that all intellectual property rights in the Feedback, and all other ownership in any ideas, modifications, enhancements, improvements, or any other suggestion specifically relating to the vault56 Service, are hereby assigned to vault56 and shall be the sole and exclusive property of vault56. All Feedback shall be treated as vault56’s Confidential Information. Without limiting the generality of the foregoing, you agree that your provision of Feedback does not give you any intellectual property or any other right, title, or interest in or to any aspects of the vault56 Service, even if such Feedback leads to the creation of a new product or service by vault56, or New Features. “Feedback” means any suggestions, enhancement requests, recommendations, corrections or other feedback provided by you, your affiliates, and/or Authorized Users relating to the features or operation of the vault Service and Documentation.

6.4 Confidentiality. Either party may, from time to time, deliver to the other certain non-public information including formulas, flow charts, diagnostic routines, business information, forecasts,

financial plans and data, balance sheet information, customer information, marketing plans, hardware, software and unannounced product information (“Confidential Information”). Confidential Information shall also include the vault56 Content and Your Content, and any other information disclosed by a party to the other party, in whatever form, including visually and orally, and designated in writing as proprietary or confidential, or which – to a reasonable person familiar with the disclosing party’s business and the industry in which it operates – is of a proprietary or confidential nature. During the term of this Agreement and following three (3) years after its termination, each party will not disclose any such Confidential Information except as set forth herein. The receiving party shall hold in confidence, and shall not disclose (or permit or suffer its personnel to disclose) any Confidential Information to any person or entity except to a director, officer, employee, outside consultant, or advisor (collectively “Representatives”) who have a need to know such Confidential Information in the course of the performance of their duties for the receiving party and who are bound by a duty of confidentiality no less protective of the disclosing party’s Confidential Information than this Agreement. The receiving party and its Representatives shall use such Confidential Information only for the purpose for which it was disclosed and shall not use or exploit such Confidential Information for the benefit of another without the prior written consent of the disclosing party. Each party accepts responsibility for the actions of its Representatives and shall protect the other party’s Confidential Information in the same manner as it protects its own valuable confidential information, but in no event, shall less than reasonable care be used. The parties expressly agree that the terms of this Agreement are Confidential Information and you further agree that it shall not use the vault56 Service for the purposes of conducting comparative analysis, evaluations or product benchmarks with respect to the services and will not publicly post any analysis or reviews of the services without vault56’s prior written approval. A receiving party shall promptly notify the disclosing Party upon becoming aware of a breach or threatened breach hereunder and shall cooperate with any reasonable request of the disclosing party in enforcing its rights

Information will not be deemed Confidential Information hereunder if such information: (i) is known prior to receipt from the disclosing party, without any obligation of confidentiality; (ii) becomes known to the receiving party directly or indirectly from a source other than one having an obligation of confidentiality to the disclosing party; (iii) becomes publicly known or otherwise publicly available, except through a breach of this Agreement; or (iv) is independently developed by the receiving party without use of the disclosing party’s Confidential Information. The receiving party may disclose Confidential Information pursuant to the requirements of applicable law, legal process or government regulation, provided that, where legally permitted to do so, it gives the disclosing party reasonable prior written notice to permit the disclosing party to contest such disclosure, and such disclosure is otherwise limited to the required disclosure.

Notwithstanding any other provision of this Agreement, both parties acknowledge that any use of the disclosing party’s Confidential Information in a manner inconsistent with the provisions of this Agreement may cause the disclosing party irreparable and immediate damage for which remedies other than injunctive relief may be inadequate. Therefore, both parties agree that, in addition to any other remedy which the disclosing party may be entitled hereunder, at law or equity, the disclosing party shall be entitled to an injunction or injunctions (without the posting of any bond and without proof of actual damages) to restrain such use in addition to other appropriate remedies available under applicable law.

7. Term; Termination; Suspension

7.1 Term. Subject to the provisions of Section 7.2, the term of your access to the vault56 Service (a “Usage Period”) will continue for so long as you have an active and fully paid up Customer Account (the “Term”).

7.2 Termination.

(a) Termination For Convenience. Subject to Section 5, either party may terminate this Agreement and your Customer Account for any reason by providing the other party at least thirty (30) days’ advance notice, provided, however, if you have elected the Reserved Capacity prepaid vault Service, you remain responsible for all fees due for the balance of the then-current reserved capacity term, and you shall not be entitled to any refunds.

(b) Termination for Failure to Pay. In the event you fail to make any payment as set forth in this Agreement, we reserve the right to disable your Customer Account after twenty-four (24) hours’ notice to you. You are required to make payment of all outstanding amounts before your Customer Account is re-enabled.

If you fail to respond to the first notice of payment failure, we will provide a second final notice that if outstanding amounts are not paid in full within twenty-four (24) hours our delivery of the second notice, we reserve the right to delete your Customer Account and Your Content within seventy-two (72) hours from such final notice.

(i) By Either Party. EEither party may terminate this Agreement and your Customer Account for cause if the other party is in material breach of this Agreement and/or your Customer Account and the material breach remains uncured for a period of thirty (30) days from receipt of notice by the other party.

(ii) By vault56. We may also terminate this Agreement and/or your Customer Account immediately upon notice to you (A) if our relationship with Affiliates and/or a third-party partner who provides software or other technology we use to provide the vault56 Service expires, terminates or requires us to change the way we provide the software or other technology as part of the vault56 Service, or (B) in order to comply with law.

7.3 Effect of Termination. Upon the Termination Date: (i) all your rights under this Agreement and your Customer Account immediately terminate; (ii) you remain responsible for all fees and charges you have incurred through the termination date (except for Reserved Capacity, which is addressed in Section 7.2(a) above) and are responsible for any fees and charges you incur up to termination; (iii) you will immediately return or, if instructed by us, destroy all vault56 content in your possession; and (iv) those terms intended to survive termination shall continue to apply in accordance with their terms.

7.4 Immediate Termination or Suspension. We may elect to terminate or suspend (in our sole discretion) your or any Authorized User’s right to access or use any portion or all of the vault Service immediately upon notice to you if we determine:

(a) your or an End User’s use of the vault56 Service (i) poses a security risk to vault56, the vault Service, any other vault56 customer, or any third party, (ii) could adversely impact our systems, the vault56 Service or the systems or content of any other vault56 customer, (iii) could subject us, our Affiliates, or any third party to civil or criminal liability, or (iv) could be criminal, fraudulent or otherwise illegal;

(b) you are, or any Authorized User is, in material breach of this Agreement;

(d) you have ceased to operate in the ordinary course, made an assignment for the benefit of creditors or similar disposition of your assets, or become the subject of any bankruptcy, reorganization, liquidation, dissolution or similar proceeding.

7.5 Effect of Suspension. If we suspend your right to access or use any portion or all of the vault Service, (a) you remain responsible for all fees and charges you incur during the period of suspension; and (b) you will not be entitled to any service credits under the Service Level Agreements for any period of suspension.

8. Indemnification

8.1 In General By You. You will defend, indemnify, and hold harmless us, our Affiliates and licensors, and each of their respective employees, officers, directors, and representatives from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) (“Losses”) arising out of or relating to any third-party claim concerning: (a) your or any Authorized Users’ use of the vault56 Service (including any activities under your Customer Account and use by your Authorized Users); (b) violation of applicable law, rule or regulation by you, your Authorized Users or Your Content; or (c) any claim alleging that any of Your Content infringes or misappropriates any privacy or third party intellectual property rights. You will reimburse us for reasonable attorneys’ fees, as well as our employees’ and contractors’ time and materials spent responding to any third-party subpoena or other compulsory legal order or process associated with third party claims described in (a) and (b) above at our then-current hourly rates.

8.2 vault56 Indemnity Obligations.

(a) Subject to the limitations in this Section 8, vault56 will defend you and your employees, officers, and directors against any third-party claim alleging that the vault56 Service infringes or misappropriates a third party’s intellectual property rights, and will pay the amount of any adverse final judgment or settlement, agreed to by vault56 in writing. vault56 will also defend, indemnify, and hold you and your employees, officers, and directors from and against and Losses arising out of vault56’s violation of any applicable law, rule or regulation.

(b) We will have no obligation or liability under this Section 8.2 arising from infringement by combinations of the vault56 Service with any other product, service, software, data, content or method. In addition, vault56 will have no obligations or liability arising from your or any

Authorized User’s use of the vault56 Service after vault56 has notified you to discontinue such use. The remedies provided in this Section 8.2 are the sole and exclusive remedies for any third-party claims of infringement or misappropriation of intellectual property rights by the vault56 Services.

(c) For any claim covered by Section 8.2(a), vault56 will, at its election, either: (i) procure the rights to use that portion of the vault56 Service alleged to be infringing; (ii) replace the alleged infringing portion of the vault56 Service with a non-infringing alternative; (iii) modify the alleged infringing portion of the vault56 Service to make it non-infringing; or (iv) terminate the allegedly infringing portion of the vault56 Services and this Agreement.

8.3 Process. The obligations under this Section 8 will apply only if the indemnified party: (a) gives the other party prompt written notice of the claim; (b) permits the other party to control the defense and settlement of the claim; and (c) reasonably cooperates with the other party (at the other party’s expense) in the defense and settlement of the claim. In no event will a party agree to any settlement of any claim that involves any commitment, other than the payment of money, without the written consent of the other party.

9. Disclaimers

THE vault56 SERVICE IS PROVIDED “AS IS.” EXCEPT TO THE EXTENT PROHIBITED BY LAW, OR TO THE EXTENT OF ANY STATUTORY RIGHTS THAT CANNOT BE EXCLUDED, LIMITED OR WAIVED, WE AND OUR AFFILIATES AND LICENSORS (A) MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE REGARDING THE vault56 SERVICE OR THE THIRD-PARTY CONTENT, AND (B) DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED OR EXPRESS WARRANTIES (I) OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR QUIET ENJOYMENT, (II) ARISING OUT OF ANY COURSE OF DEALING OR USAGE OF TRADE, (III) THAT THE vault SERVICE OR ANY THIRD-PARTY CONTENT WILL BE UNINTERRUPTED, ERROR FREE OR FREE OF HARMFUL COMPONENTS, AND (IV) THAT ANY OF YOUR CONTENT WILL BE SECURE OR NOT OTHERWISE LOST OR ALTERED.

10. Limitations of Liability

EXCEPT IN THE CASE OF vault56’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR FRAUD, vault56 AND ITS AFFILIATES AND LICENSORS WILL NOT BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES (INCLUDING DAMAGES FOR LOSS OF PROFITS, REVENUES, CUSTOMERS, OPPORTUNITIES, GOODWILL, USE, OR DATA), EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND REGARDLESS OF THE FORM OF ACTION.

EXCEPT IN THE CASE OF vault56’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR FRAUD, vault56 AND ITS AFFILIATES’ AND LICENSORS’ AGGREGATE LIABILITY UNDER THIS AGREEMENT, REGARDLESS OF THE FORM OF ACTION, WILL NOT EXCEED THE AMOUNT YOU ACTUALLY PAY vault56 UNDER THIS AGREEMENT FOR THE vault56 SERVICE THAT GAVE RISE TO THE CLAIM DURING THE 12 MONTHS

BEFORE THE LIABILITY AROSE. IF vault56 SERVICE (OR ANY OTHER vault56 PRODUCT) IS PROVIDED TO YOU WITHOUT CHARGE, THEN vault56 WILL HAVE NO LIABILITY TO YOU WHATSOEVER, AND IN ANY EVENT NO MORE THAN $500.

YOU EXPRESSLY RECOGNIZE AND ACKNOWLEDGE THAT THE DISCLAIMERS AND LIMITATIONS SET FORTH IN THIS SECTION ARE AN ESSENTIAL PART OF THE AGREEMENT AND AN ESSENTIAL FACTOR IN ESTABLISHING THE PRICE OF vault SERVICE.

THE FOREGOING DISCLAIMERS AND LIMITATIONS WILL APPLY TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW AND NOTWITHSTANDING A FAILURE OF ESSENTIAL PURPOSE OF ANY REMEDY PROVIDED IN THIS AGREEMENT.

11. Modifications to the Agreement

We may modify this Agreement (including any policies or any links referenced herein) at any time by posting a revised version on the vault56 website or by otherwise notifying you in accordance with Section 12.10. Subject to the foregoing, the modified terms will become effective upon posting or, if we notify you by email, as stated in the email message. By continuing to use the vault Service after the effective date of any modifications to this Agreement, you agree to be bound by the modified terms. It is your responsibility to check the vault56 website regularly for modifications to this Agreement.

12. Miscellaneous

12.1 Assignment. You will not and do not have the right to assign or otherwise transfer this Agreement or any of the rights and obligations under this Agreement, without vault56’s prior written consent. Any assignment or transfer, or attempt thereof, in violation of this Section 12.1 will be void. Notwithstanding the foregoing, either party may assign this Agreement to any person or entity that is an affiliate, or acquires by sale, merger or otherwise, all or substantially all or a portion of such party’s assets, stock or business. If another entity merges with or acquires vault56, or all, substantially all or a portion of our assets, stock or business you agree your encrypted stored data and information that vault56 has collected from you, including personally identifiable information, may, and you consent to, the secure transfer of such information to such successor or assignee.

12.2 Affiliates, Subcontractors and Vendors. Some or all of the vault56 Service, including support services, may be provided by vault56’s Affiliates, agents, subcontractors and information system vendors. The rights and obligations of vault56 may be, in whole or in part, exercised or fulfilled by the foregoing entities.

12.3 Entire Agreement. This Agreement incorporates any policies or other information found at the published links by reference and is the entire agreement between you and us regarding the subject matter of this Agreement. This Agreement supersedes all prior or contemporaneous representations, understandings, agreements, or communications between you and us, whether written or verbal, regarding the subject matter of this Agreement. We will not be bound by, and specifically object to, any term, condition or other provision that is different from or in addition to the provisions of this Agreement (whether or not it would materially alter this Agreement) including for example, any term, condition or other provision (a) submitted by you in any order, receipt, acceptance, confirmation, correspondence or other document, (b) related to any online registration, response to any Request for Bid, Request for Proposal, Request for Information, or other questionnaire, or (c) related to any invoicing process that you submit or require us to complete. If the terms of this Agreement are inconsistent with the terms contained in document referenced or linked herein, the terms contained in such document will control.

12.4 Force Majeure. We and our Affiliates will not be liable for any delay or failure to perform any obligation under this Agreement where the delay or failure results from any cause beyond our reasonable control, including acts of God, labor disputes or other industrial disturbances, electrical or power outages, utilities or other telecommunications failures, earthquake, storms or other elements of nature, epidemics, pandemics, blockages, embargoes, riots, acts or orders of government, acts of terrorism, or war.

12.5 Governing Law. The laws of the country of Sweden, without reference to conflict of law rules, governs this Agreement and any dispute of any sort that might arise between the parties. The United Nations Convention for the International Sale of Goods does not apply to this Agreement.

12.6 Trade Compliance. In connection with this Agreement, each party will comply with all applicable import, re-import, sanctions, anti-boycott, export, and re-export control laws and regulations. For clarity, you are solely responsible for compliance related to the manner in which you choose to use the vault56 Service, including your transfer and processing of Your Content, the provision of Your Content to Authorized Users, and the vault56 region in which any of the foregoing occur. You represent and warrant that you and your financial institutions, or any party that owns or controls you or your financial institutions, are not subject to sanctions or otherwise designated on any list of prohibited or restricted parties, including but not limited to the lists maintained by the United Nations Security Council, the U.S. Government (e.g., the Specially Designated Nationals List and Foreign Sanctions Evaders List of the U.S. Department of Treasury, and the Entity List of the U.S. Department of Commerce), the European Union or its Member States, or other applicable government authority.

12.7 Independent Contractors; Non-Exclusive Rights. Both parties are independent contractors, and this Agreement will not be construed to create a partnership, joint venture, agency, or employment relationship. Neither party, nor any of their respective Affiliates is an agent of the other for any purpose or has the authority to bind the other. Both parties reserve the right (a) to develop or have developed for it products, services, concepts, systems, or techniques that are similar to or compete with the products, services, concepts, systems, or techniques developed or contemplated by the other party, and (b) to assist third party developers or systems integrators who may offer products or services which compete with the other party’s products or services.

12.8 Language. All communications and notices made or given pursuant to this Agreement must be in the English language. If we provide a translation of the English language version of this Agreement, the English language version of the Agreement will control if there is any conflict.

12.9 Confidentiality and Publicity. You may use vault56 Confidential Information only in connection with your use of the vault56 Service as permitted under this Agreement. You will not disclose vault56 Confidential Information during the Term or at any time during the 5-year period following the end of the Term. You will take all reasonable measures to avoid disclosure,

dissemination or unauthorized use of vault56 Confidential Information, including, at a minimum, those measures you take to protect your own confidential information of a similar nature. You will not issue any press release or make any other public communication with respect to this Agreement or your use of the vault56 Service.

12.10 Notice.

(a) To You. We may provide any notice to you under this Agreement by: (i) posting a notice on the vault56 website; or (ii) sending a message to the email address then associated with your account. You agree that all disclosures, notices and communications are considered received by you within twenty-four (24) hours of the time posted to vault56’s website, or within twenty-four (24) hours of the time emailed to you. It is your responsibility to keep your email address current. You will be deemed to have received any email sent to the email address then associated with your account when we send the email, whether or not you actually receive the email.

(b) To Us. To give us notice under this Agreement, you must contact vault56 as follows: (i) by email transmission to support@vault56.com; or (ii) by personal delivery, overnight courier or registered or certified mail to either vault56 AB, the attention of General Counsel and CFO. Notices provided by personal delivery will be effective immediately. Notices provided by email transmission or overnight courier will be effective one (1) business day after they are sent. Notices provided registered or certified mail will be effective three (3) business days after they are sent.

12.12 No Third-Party Beneficiaries. This Agreement does not create any third-party beneficiary rights in any individual or entity that is not a party to this Agreement.

12.13 No Waivers. The failure by either party to enforce any provision of this Agreement will not constitute a present or future waiver of such provision nor limit a party’s right to enforce such provision at a later time. All waivers by a party must be in writing to be effective.

12.14 Severability. If any portion of this Agreement is held to be invalid or unenforceable, the remaining portions of this Agreement will remain in full force and effect. Any invalid or unenforceable portions will be interpreted to effect and intent of the original portion. If such construction is not possible, the invalid or unenforceable portion will be severed from this Agreement, but the rest of the Agreement will remain in full force and effect.

12.15 Marketing. Each party may use the other party’s name, trade name, trademarks, icons, and logos (collectively, the “Brands”) to refer publicly to the other, orally and in writing, as a customer/vendor of the other solely in connection with the vault56 Service and only during the Term. Any other use of a party’s Brands requires such party’s prior written consent.

Electronic Communications. By using vault56 Service, you acknowledge that we communicate with you electronically to the email address provided in your Customer Account. It is your responsibility to keep your email address current for notice purposes. For contractual purposes, you (a) consent to receive communications from vault56 in an electronic form and (b) agree that all terms and conditions, agreements, notices, disclosures, and other communications that vault provides to you electronically satisfies any legal requirement that such communications would satisfy if it were to be in writing.
Contact Us. To contact vault56 regarding this Agreement (i) email vault56 at support@vault56.com, or (ii) write to Sales at vault56 AB, at the address set forth in vault56’s contact page on the vault56 website.