Welcome to jaris! We are a financial technology company that offers you working capital solutions.

These Terms and Conditions are a contract between you and jaris, inc., its affiliates, agents, service providers, and assigns (“we”, “us”, “jaris”) governing the use of the jaris website and mobile app which we refer to collectively as the “Service”. You must be 18 years of age and reside in the United States to use the Service. By using the Service, you agree to comply with all of the terms and conditions in these Terms and Conditions. In addition, when using the Service, you will be subject to any additional terms applicable to the Service which may be posted on our website or through the mobile application from time to time. Section "Dispute Resolution By Binding Arbitration" of these terms includes an agreement to resolve all disputes by arbitration on an individual basis. You also agree to the following additional policies and each of the other agreements that apply to you:

• Privacy Policy and Privacy Notice
• Consent to Receive Electronic Disclosures

jaris is not a bank. All commercial credit offered through our solutions is issued by one of jaris’ partner banks.  Our payment and banking solutions are also provided to you by a partner bank. When using the Service you agree to the applicable partner bank terms and other third-party service provider terms:

• First Internet Bank Addendum Terms
• https://www.increase.com/increase-terms (Third-Party Service Provider)
• https://www.mybrb.bank/privacy-policy.html (Commercial Credit Lender)

If after reading these Terms and Conditions in their entirety you are still unsure of anything or you have any questions, please contact legal@jaris.io.

Conditions Of Use

1. Account suspension & closure: We may, in our sole and absolute discretion, without liability to you or any third party, refuse to let you open an account, suspend your Account, terminate your Account, or use the Service. Such actions may be taken as a result of account inactivity, failure to respond to customer support requests, failure to positively identify yourself, or due to violation of these Terms and Conditions. You may terminate this agreement at any time by closing your jaris Account and discontinuing use of the Service.

2. User conduct: You are solely responsible for all code, video, images, information, data, text, software, music, audio, photographs, graphics, messages, or other materials (“content”) that you upload, post, publish, display (hereinafter, “upload”), email or otherwise use via the Service. The following are examples of the kinds of content and uses that are illegal or prohibited. You agree to not use the Service to:

   • Violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation
   • Intentionally try to defraud (or assist in the defrauding of) jaris or other jaris users
   • Provide false, inaccurate, or misleading information
   • Take any action that interferes with, intercepts, or expropriates any system, data, or information
   • Transmit or upload any virus, worm, malicious software, or program
   • Attempt to gain unauthorized access to other jaris accounts, the jaris website, or any related networks or systems
   • Tse the Service on behalf of any third party or otherwise act as an intermediary between jaris and any third parties
   • Collect any user information from other jaris users
   • Defame, harass, or violate the privacy or intellectual property rights of jaris or any other jaris users
   • Upload, display, or transmit any messages, photos, videos, or other media that contain illegal goods, pornography, violence, obscenity or copyrighted images or materials for use as an avatar, in connection with a payment or payment request, or otherwise

3. Fees: To the extent the Service or any portion thereof is made available for any fee, you will be required to select a form of payment and provide information to us regarding your form of payment. You certify to us that such information is true and that you are authorized to use the payment instrument. You will promptly update your Account information with any changes (for example, a change in your billing address) that may occur. You agree to pay us the amount that is specified by these Terms and Conditions. If you dispute any charges you must let us know within thirty (30) days after the date that we charge you. We reserve the right to change our prices. Your continued use of the Service after the price change goes into effect constitutes your agreement to pay the adjusted amount. You shall be responsible for all taxes associated with the Service other than U.S. taxes based on our net income.

4. Special notice for international use, export controls: Software (defined below) available in connection with the Service and the transmission of applicable data, if any, is subject to United States export controls. No software may be downloaded from the Service or otherwise exported or re-exported in violation of U.S. export laws. Downloading or use of the software is at your sole risk. Recognizing the global nature of the Internet, you agree to comply with all local rules and laws regarding your use of the Service, including online conduct and acceptable content.

5. Commercial use: Unless otherwise expressly authorized herein or in the Service, you agree to not display, distribute, license, perform, publish, reproduce, duplicate, copy, create derivative works from, modify, sell, resell, exploit, transfer or upload for any commercial purposes, any portion of the Service, use of the Service, or access to the Service.

6. Illegal transactions and Internet gambling: You must not use the Service or your Account for any illegal purpose, for Internet gambling or to fund any account that is set up to facilitate Internet gambling. We may deny transactions or authorizations from merchants or other sources that are apparently engaged in or are identified as engaged in the Internet gambling business.

Third-Party Websites

The Service or third parties may provide links or access to other sites and resources on the Internet. We have no control over such sites and resources. We are not responsible for and do not endorse such sites and resources. You further acknowledge and agree that we will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, events, goods, or services available on or through any such site or resource. Any dealings you have with a third party found while using the Service are between you and the third party. You agree that we are not liable for any loss or claim that you may have against any such third party.

Disclaimer Of Warranties

YOUR USE OF THE SERVICE IS AT YOUR SOLE RISK. THE SERVICE IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. JARIS EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. JARIS MAKES NO WARRANTY THAT: (I) THE SERVICE WILL MEET YOUR REQUIREMENTS (II) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE (III) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE WILL BE ACCURATE OR RELIABLE (IV) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE SERVICE WILL MEET YOUR EXPECTATIONS

Dispute Resolution By Binding Arbitration

PLEASE READ THIS SECTION CAREFULLY AS IT AFFECTS YOUR RIGHTS.

1. Agreement to arbitrate: This Dispute Resolution by Binding Arbitration section is referred to in these Terms and Conditions as the “Arbitration Agreement.” You agree that all disputes or claims that have arisen or may arise between you and jaris, whether arising out of or relating to these Terms and Conditions (including any alleged breach thereof), the Service, any advertising, any aspect of the relationship or transactions between us, shall be resolved exclusively through final and binding arbitration, rather than a court, in accordance with the terms of this Arbitration Agreement, except that you may assert individual claims in small claims court if your claims qualify. Further, this Arbitration Agreement does not preclude you from bringing issues to the attention of federal, state, or local agencies, and such agencies can, if the law allows, seek relief against us on your behalf. You agree that, by entering into these Terms and Conditions, you and jaris are each waiving the right to a trial by jury or to participate in a class action. Your rights will be determined by a neutral arbitrator, not a judge or jury. The Federal Arbitration Act governs the interpretation and enforcement of this Arbitration Agreement.

2. Prohibition of class and representative actions and non-individualized relief: YOU AND JARIS AGREE THAT EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE ACTION OR PROCEEDING. UNLESS BOTH YOU AND JARIS AGREE OTHERWISE, THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN MORE THAN ONE PERSON’S OR PARTY’S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A CONSOLIDATED, REPRESENTATIVE, OR CLASS PROCEEDING. ALSO, THE ARBITRATOR MAY AWARD RELIEF (INCLUDING MONETARY, INJUNCTIVE, AND DECLARATORY RELIEF) ONLY IN FAVOR OF THE INDIVIDUAL PARTY SEEKING RELIEF AND ONLY TO THE EXTENT NECESSARY TO PROVIDE RELIEF NECESSITATED BY THAT PARTY’S INDIVIDUAL CLAIM(S), EXCEPT THAT YOU MAY PURSUE A CLAIM FOR AND THE ARBITRATOR MAY AWARD PUBLIC INJUNCTIVE RELIEF UNDER APPLICABLE LAW TO THE EXTENT REQUIRED FOR THE ENFORCEABILITY OF THIS PROVISION.

3. Pre-arbitration dispute resolution: We are always interested in resolving disputes amicably and efficiently. Most customer concerns can be resolved quickly and to the customer’s satisfaction by emailing customer support at legal@jaris.io. If such efforts prove unsuccessful, a party who intends to seek arbitration must first send to the other, by certified mail, a written Notice of Dispute (“Notice”). The Notice should be sent to jaris, inc., PO Box 117567, Burlingame, CA 94011

   (“Notice Address”). The Notice must (i) describe the nature and basis of the claim or dispute and (ii) set forth the specific relief sought. If jaris and you do not resolve the claim within sixty (60) calendar days after the Notice is received, you or jaris may commence an arbitration proceeding. During the arbitration, the amount of any settlement offer made by jaris or you shall not be disclosed to the arbitrator until after the arbitrator determines the amount, if any, to which you or jaris is entitled.

4. Arbitration procedures: Arbitration will be conducted by a neutral arbitrator in accordance with the American Arbitration Association’s (“AAA”) rules and procedures, including the AAA’s Consumer Arbitration Rules (collectively, the “AAA Rules”), as modified by this Arbitration Agreement. For information on the AAA, please visit its website, http://www.adr.org. Information about the AAA Rules and fees for consumer disputes can be found at the AAA’s consumer arbitration page, http://www.adr.org/consumer. If there is any inconsistency between any term of the AAA Rules and any term of this Arbitration Agreement, the applicable terms of this Arbitration Agreement will take over unless the arbitrator determines that the application of the inconsistent Arbitration Agreement terms would not result in a fundamentally fair arbitration. The arbitrator must also follow the provisions of these Terms and Conditions as a court would. All issues are for the arbitrator to decide, including, but not limited to, issues relating to the scope, enforceability, and arbitrability of this Arbitration Agreement. Although arbitration proceedings are usually simpler and more streamlined than trials and other judicial proceedings, the arbitrator can award the same damages and relief on an individual basis that a court can award to an individual under the Terms and Conditions and applicable law. Decisions by the arbitrator are enforceable in court and may be overturned by a court only for very limited reasons. Unless jaris and you agree otherwise, any arbitration hearings will take place in a reasonably convenient location for both parties with due consideration of their ability to travel and other pertinent circumstances. If the parties are unable to agree on a location, the determination shall be made by AAA. If your claim is for $10,000 or less, jaris agrees that you may choose whether the arbitration will be conducted solely based on documents submitted to the arbitrator, through a telephonic hearing, or by an in-person hearing as established by the AAA Rules. If your claim exceeds $10,000, the right to a hearing will be determined by the AAA Rules. Regardless of how the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the essential findings and conclusions on which the award is based.

5. Costs of arbitration: Payment of all filing, administration, and arbitrator fees (collectively, the “Arbitration Fees”) will be governed by the AAA Rules unless otherwise provided in this Arbitration Agreement. If the value of the relief sought is $75,000 or less, at your request, jaris will pay all Arbitration Fees. If the value of the relief sought is more than $75,000 and you can demonstrate to the arbitrator that you are economically unable to pay your portion of the Arbitration Fees or if the arbitrator otherwise determines for any reason that you should not be required to pay your portion of the Arbitration Fees, jaris will pay your portion of such fees. In addition, if you demonstrate to the arbitrator that the costs of arbitration will be prohibitive as compared to the costs of litigation, jaris will pay as much of the Arbitration Fees as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive. Any payment of attorneys’ fees will be governed by the AAA Rules.

6. Confidentiality: All aspects of the arbitration proceeding, and any ruling, decision, or award by the arbitrator, will be strictly confidential for the benefit of all parties.

7. Severability: If a court or the arbitrator decides that any term or provision of this Arbitration Agreement (other than the subsection (b) titled “Prohibition of Class and Representative Actions and Non-Individualized Relief” above) is invalid or unenforceable, the parties agree to replace the term or provision with one that is valid, enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Arbitration Agreement shall be enforceable as so modified. If a court or the arbitrator decides that any of the provisions of subsection (b) above titled “Prohibition of Class and Representative Actions and Non-Individualized Relief” are invalid or unenforceable, then the entirety of this Arbitration Agreement shall be null and void, unless such provisions are deemed to be invalid or unenforceable solely concerning claims for public injunctive relief. The remainder of the Terms and Conditions will then continue to apply.

8. Future changes to arbitration agreement: Notwithstanding any provision in these Terms and Conditions to the contrary, jaris agrees that if it makes any future change to this Arbitration Agreement (other than a change to the Notice Address) while you are a user of the Service, you may reject any such change by sending jaris written notice within thirty (30) calendar days of the change to the Notice Address provided above. By rejecting any future change, you are agreeing that you will arbitrate any dispute between us in accordance with the language of this Arbitration Agreement as of the date you first accepted these Terms and Conditions (or accepted any subsequent changes to these Terms and Conditions).

User Disputes

You agree that you are solely responsible for your interactions with any other user in connection with the Service and we will have no liability or responsibility with respect thereto. We reserve the right but have no obligation, to become involved in any way with disputes between you and any other user of the Service.

Notice For California Users

Under California Civil Code Section 1789.3, users of the Service from California are entitled to the following specific consumer rights notice: The Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs may be contacted in writing at 1625 North Market Blvd., Suite N 112, Sacramento, CA 95834, or by telephone at (800) 952-5210. You may contact us at jaris, inc., PO Box 117567, Burlingame, CA 94011, or by telephone at 888-508-1544.

Instant Payouts

The jaris Instant Payouts Agreement (“Agreement”) supplements and incorporates by reference the jaris Terms and Conditions. This Agreement governs your use of the jaris Instant Payouts and is a contract between you and jaris, inc., its affiliates, agents, service providers, and/or assigns (“we”, “us”, “jaris”) governing the use of the jaris website, its services, or products offered through jaris, and specifically including Instant Payouts whether through the jaris website or through a jaris partner payment platform (“Partner Platform”). When submitting an application for Instant Payouts, you agree to this Agreement, including the fee schedule incorporated by reference in the section titled “Fees”. For purposes of this Agreement, “you” includes the business, owner, and any authorized representative of the business.

jaris is not a bank. As a technology provider, jaris facilitates access to payment and banking solutions provided to you by our partner bank and/or card network providers. When using the Instant Payouts, you agree to the jaris User Addendum (FBO) and other third-party service provider terms and conditions.

1. How it Works

   a. With Instant Payouts, you can immediately access an eligible portion of your revenue generated by card charges for a fee. You can request an Instant Payouts any day of the week after a successful card charge that meets the minimum thresholds, and funds typically settle in the associated business bank account that you attached during the application process (“Bank Account”) within thirty minutes.

   b. Any card charges not accessed through Instant Payouts will continue to be paid out according to normal Settlement Service.

   c. If you’re eligible, you can access Instant Payouts through your Instant Payouts dashboard.

2. Requirements

   a. Only businesses (including sole proprietors) and non-profit organizations located in the United States and transacting on participating Partner Platforms are eligible to apply for Instant Payouts.

   b. Your eligible Instant Payouts amount is based on that day’s authorized card charges.

   c. You may only request a single Instant Payouts each day.

   d. Each Instant Payouts request may be subject to minimum and, or, maximum amounts, the specific terms of which can be found on the Instant Payouts dashboard.

   e. To access Instant Payouts, you authorize and direct jaris to apply your Instant Payouts amount to the Bank Account that you attached during the application process.

   f. jaris will direct any remaining settled card charges (or other receivables or payments), “Sales Settlements”, not accessed through Instant Payouts to your Bank Account daily in accordance with the normal settlement schedule.

   g. Your Bank Account must remain valid and available for your business to initiate Instant Payouts.

   h. If your Bank Account is closed or otherwise not available for use, your Instant Payouts will be canceled, and you must reapply for Instant Payouts. Fees may still apply without liability to jaris.

   i. Instant Payouts for a given day must be initiated before 9 PM PT.

   j. Greater amounts in Instant Payouts offers may become available as your business increases sales transactions throughout the day. However, only one Instant Payouts transfer is allowed per day.

3. Fees

   a. The Instant Payouts fee is available on your Instant Payouts dashboard and may be subject to change.

   b. The Instant Payouts amount is net of any fees. For instance, if you request a payout of $1000.00 and the fee is 1%, the Instant Payouts amount remitted to you is $990.00.

   c. Once requested, an Instant Payouts cannot be canceled, and you agree to the fees associated with that payout.

4. Legal Representations:

   a. You and any representative of your business that has access to the applicable Instant Payouts dashboard and Instant Payouts (“Representative”) individually affirm to jaris that (a) your Representative is authorized to provide User Information on your behalf and to bind you to this Agreement; and (b) your Representative is an executive officer, senior manager or otherwise has significant responsibility for the control, management or direction of your business. jaris may require you or your Representative to provide additional information or documentation demonstrating your Representative’s authority.

   b. If you are a sole proprietor, you and your Representative also affirm that your Representative is personally responsible and liable for your use of Instant Payouts and your obligations under this Agreement.

   c. You agree to immediately notify jaris if there is a change in ownership of your business that results in any individual obtaining 25% or more equity interest, whether directly or indirectly in the legal entity.

   d. By accessing Instant Payouts, you agree to the jaris Settlement Service Terms and jaris User Addendum (FBO) Agreement, and you authorize jaris to initiate Settlement Service on your behalf.

   e. You agree to maintain the jaris Settlement Service and not to take any action to terminate Settlement Service or otherwise divert your settled funds away from your Bank Account (as defined in the Settlement Service terms).

   f. You agree and acknowledge that your consent to this Agreement applies to each and every separate use of Instant Payouts.

   g. You agree that jaris has the right to discontinue your access to Instant Payouts for any reason. Without limiting the general incorporation of jaris Terms and Conditions, please ensure you have carefully reviewed Conditions of Use #1 and #2, which allows us full discretion to suspend and close your account without incurring any liability.

   h. You agree that if for any reason, including but not limited to charge backs, refunds, and canceled authorizations, following an Instant Payouts, there is a deficit where the settlement funds is less than the Instant Payouts amount (inclusive of fees), jaris may recover the remaining balance of the Instant Payouts by retaining Funds (as defined in the Settlement Service terms) through Settlement Service.

   i. Once you initiate an Instant Payouts, you cannot cancel, withdraw, or otherwise terminate that transfer.

   j. Without limiting the general incorporation of the jaris Terms and Conditions, please ensure that you carefully review the following provisions:

       i. Limitation of Liability Section of the Terms, which allocates responsibility and liability between you and jaris with respect to matters arising under all Services, including the Instant Payouts; and

       ii. Dispute Resolution By Binding Arbitration Section of the Terms, which provides that a dispute, claim, or controversy arising out of or relating to statutory or common law claims, the breach, termination, enforcement, interpretation, or validity of any provision of the jaris Term, including the Instant Payouts Terms, and the determination of the scope or applicability of your agreement to arbitrate any dispute, claim or controversy originating from these Terms.

5. Customer Service: Contact jaris at support@jaris.io or call us at 1-888-802-2858.

Settlement Service

The Settlement Service Terms (the “Agreement”) supplement and incorporate by reference the jaris Terms and Conditions. This Agreement governs your use of the Settlement Service and is a contract between you and jaris, Inc., its affiliates, agents, service providers, and assigns (“we”, “us”, “jaris”) governing the use of the jaris website, its services or products offered through jaris, specifically including the Settlement Service whether through the jaris website or through the partner payment platform from which you received an offer (“Partner Platform”). When submitting an application for Settlement Service or a product that includes the use of Settlement Service, you agree to this Agreement. For purposes of this Agreement, “you” includes the business, owner, and any authorized representative of the business.

jaris is not a bank. As a technology provider, jaris facilitates access to payment and banking solutions provided to you by our partner bank and/or card network providers. When using the Settlement Service, you agree to the jaris User Addendum (FBO) and other third-party service provider terms and conditions.

1. How it Works

   a. You authorize jaris to provide the Partner Platform or payment processor that settles your business’ card transactions funding instructions on your behalf. jaris will direct your Payment Platform to transfer your settled funds to a bank account held for your benefit (“FBO Account”).

   b. You authorize jaris to withhold whatever portion of the funds are required to repay financial services or products offered through jaris, including any business loans you may have through a jaris bank partner (“Loans”) or Instant Payouts or other jaris facilitated product or service. jaris will direct the remaining funds to be transferred to your business bank account on file (“Bank Account”).

2. Eligibility & Requirements

   a. Only businesses (including sole proprietors) and non-profit organizations located in the United States and transacting on participating Partner Platforms or payment processors are eligible for Settlement Services.

   b. You agree to maintain your Bank Account during the duration of the Settlement Service. You further agree that if your Bank Account is closed or otherwise unavailable, this may impact Settlement Service and that jaris will not have any liability related to such disruption of services.

3. Legal Representations

   a. You and any representative of your business that has access to the applicable Settlement Service dashboard (“Representative”) individually affirm to jaris that (a) your Representative is authorized to provide User Information on your behalf and to bind you to this Agreement; and (b) your Representative is an executive officer, senior manager or otherwise has significant responsibility for the control, management or direction of your business. jaris may require you or your Representative to provide additional information or documentation demonstrating your Representative’s authority.

   b. If you are a sole proprietor, you and your Representative also affirm that your Representative is personally responsible and liable for your use of the Settlement Service and your obligations under this Agreement.

   c. You agree to immediately notify jaris if there is a change in ownership of your business, which results in any individual obtaining 25% or more equity interest, whether directly or indirectly in the business legal entity.

   d. By accessing jaris Settlement Service Terms, you acknowledge and agree to the jaris User Addendum (FBO) Agreement, and you authorize jaris to initiate Settlement Service on your behalf.

   e. You agree and acknowledge that jaris has the right to discontinue your use of Settlement Service for any reason. Without limiting the general incorporation of jaris Terms and Conditions, please ensure you have carefully reviewed Conditions of Use #1 and #2, which allows us full discretion to suspend and close your account without incurring any liability.

   f. You acknowledge and agree that if you choose to discontinue Settlement Service, this may result in the cancellation of other products and services you currently obtain through jaris.

   g. Without limiting the general incorporation of the jaris Terms and Conditions, please ensure that you carefully review the following provisions:

       i. Limitation of Liability Section of the Terms, which allocates responsibility and liability between you and jaris with respect to matters arising under all Services, including the Settlement Service; and

       ii. Dispute Resolution By Binding Arbitration Section of the Terms, which provides that a dispute, claim, or controversy arising out of or relating to statutory or common law claims, the breach, termination, enforcement, interpretation, or validity of any provision of the jaris Term, including the Settlement Service Terms, and the determination of the scope or applicability of your agreement to arbitrate any dispute, claim or controversy originating from these Terms.

   h. You authorize the Partner Platform, through which you process card transactions, to direct your card transaction settlements (“Funds”) to an FBO Account where the Funds will be held for your benefit and agree to the jaris User Addendum (FBO).

   i. You authorize jaris to act as your designated agent for the purposes of instructing the Bank to transfer Funds on your behalf as follows:

       i. Any portion of Funds necessary for repayment of products or services (i.e., Loans or Instant Payouts) offered through jaris as technology provider for its Bank partners will be retained by jaris.

       ii. The remaining Funds in the FBO Account will be transferred to your Bank Account on a daily basis in accordance with the normal settlement schedule.

   j. Customer Service: Contact jaris at support@jaris.io or call us at 1-888-802-2858.

jaris User Addendum (FBO)

This jaris User Addendum (this “Addendum”) is incorporated into and made a part of the services agreement (the “jaris Terms and Conditions”) between you (“you” or “jaris User”) and jaris (the “Platform”). Capitalized terms used in this Addendum that are not otherwise defined will have the meaning provided in the jaris Terms and Conditions. This Addendum applies to you if (i) you have authorized jaris to receive your business sales settlements, receivables or payments including ACH, wires, checks and credit (or debit) card receivables (“Sales Settlements”) for purposes of loan repayment (“Settlement Services”) or (ii) receive any Banking Services.

1. Definitions

   “Bank” means First Internet Bank of Indiana.

   “Bank Account” means a bank depository account provided by the Bank.

   “Banking Services” means bank depository, payment and money movement services provided by Bank and marketed by Increase Technologies, Inc.

2. The Bank Account. The Bank has established a deposit account for the benefit of jaris Users. Bank will hold title to all funds deposited in the Bank Account for the proportionate benefit of jaris Users as shown on the records maintained by jaris and/or the Bank (or its third-party service provider), as applicable. The funds will be held in the Bank Account until such time as a jaris User directs a transfer from the Bank Account or by authorizing jaris to accept and transfer Sales Settlements. By providing transfer information to jaris, a jaris User authorize jaris, acting as its designated agent, to instruct the Bank to make transfers to and from the Bank Account.

3. jaris User Relationship with Bank. jaris is not a bank. jaris partners with the Bank to provide Banking Services to you. The Bank is an intended third-party beneficiary of the jaris Agreement, including this Addendum, and will provide the Banking Services and act as custodian of the funds in the Bank Account for the benefit of all jaris Users who have deposited funds in the Bank Account. The funds deposited in the Bank Account will be held in the name of the Bank, as custodian. jaris User acknowledges and agrees that funds transferred into the Bank Account may be pooled and commingled with funds of jaris and other jaris Users. Fees related to the Banking Services, if any, will be outlined in a fee schedule provided separately by jaris or the Bank.

4. Jaris User Relationship with jaris. You hereby appoint jaris to act as your agent for the purpose of the fulfillment of the Banking Services, including without limitation, to: (i) receive and provide notices and communications on your behalf; (ii) maintain records of the Bank Account and transactions on the Bank Account; (iii) authorize and direct the Bank to debit and credit accounts at other financial institutions; (iv) make individual transaction information available to jaris Users ; (v) collect the information necessary to establish jaris User’s interests in the Bank Account; (vi) disclose such information to the Bank; and (vii) take any other action that jaris deems necessary or desirable to carry out the transactions constituting the Banking Services. You, as a jaris User, hereby authorize the Bank to follow the instructions of jaris (whether electronic, written or oral) and agree that the Bank may completely rely on such instructions without further investigation or authorization.

5. jaris’ Relationship with Bank. jaris User acknowledges and agrees that jaris provides certain services to and acts on behalf of the Bank, including without limitation marketing Banking Services, delivering communications on behalf of the Bank, collecting information from customers and authorizing, authenticating and completing transactions. jaris User acknowledges and expressly agrees to jaris acting as both jaris User’s agent and as the agent for the Bank for purposes of the jaris Agreement and the Banking Services. jaris User hereby waives any conflict resulting from such relationships.

6. Identity; Cooperation. You authorize jaris and Bank, directly or through third parties, to make any inquiries they consider necessary to validate your identity. This may include asking you for further information, including requiring you to provide a taxpayer identification number and other information that will allow them to reasonably identify you, requiring you to take steps to confirm ownership of your email address or financial accounts, ordering a credit report, and verifying your information against third-party databases or through other sources. The Bank reserves the right to close, suspend or limit access to the Banking Services in the event jaris or Bank is unable to obtain or verify this information.

7. Disclaimer. THE BANKING SERVICES ARE PROVIDED "AS IS" AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. PLATFORM AND BANK SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. Neither Bank nor jaris guarantees continuous, uninterrupted or secure access to the Banking Services. jaris and Bank will make reasonable efforts to ensure that requests for electronic transactions are processed in a timely manner but make no representations or warranties regarding the amount of time needed to complete processing because the Banking Services are dependent upon many factors outside of jaris and Bank’s control, such as delays in the banking system or the U.S. or international mail service.