User Terms

Coin Out Inc.

Effective Date: May 1, 2016.

Welcome to the Coin Out service (the “Service” or “Coin Out”) operated by Coin Out Inc. (the “Company”). This User Agreement (this “Agreement”) is for the customers, members, users, and others who visit and use the Service (collectively or individually “Users”). BEFORE USING THE SERVICE, PLEASE READ THIS AGREEMENT CAREFULLY.

BY CLICKING ON “SIGNUP”, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THIS AGREEMENT, INCLUDING THE PROVISIONS OF SECTIONS 21 AND 22 UNDER WHICH YOU AGREE TO ARBITRATE CERTAIN CLAIMS INSTEAD OF GOING TO COURT AND AGREE NOT TO BRING CLASS ACTIONS CLAIMS. IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, THEN PLEASE DO NOT CLICK “SIGNUP,” IN WHICH CASE YOU WILL NOT BE ABLE TO USE THE SERVICE. IF YOU EXECUTE A TRANSACTION PRIOR TO SIGNING UP, YOU WILL BE GIVEN THE OPPORTUNITY TO ACCEPT THIS AGREEMENT AT THE POINT OF REGISTERING YOUR ACCOUNT. NOTE TO KIDS UNDER 18 YEARS OF AGE: THE SERVICE IS NOT FOR PERSONS UNDER THE AGE OF 18. If you are under 18 years of age, then please do not use the Service. Talk to your parents about what sites are appropriate for you.

1. Privacy Policy

• The Company’s Privacy Policy, found at www.coinout.com/pages/privacy_policy is hereby incorporated into this Agreement. Please read this notice carefully for details relating to the collection, use, and disclosure of your personal information.

2. How it Works

• Basics. Coin Out allows Users to save their change from cash purchases from vendors equipped with Coin Out software (“Partner”) and claim certain promotional offers. Users enter their cell-phone number into the software being used by Partners to store the change amount to their cell-phone number, or use the CoinOut app to scan a receipt. Users can then transfer the accumulated change to their U.S. bank account or other verified services to be determined. Users may also be able to claim offers from retailers or CoinOut through the CoinOut app. At this time, a User can receive their change or offers through a U.S. Bank account transfer, amazon.com gift card, charitable donation or in-store at certain retailers. The company might implement limits on the minimum amount required to transfer or the frequency of withdrawals.
• Withdrawing Funds. After registering your account, you can withdraw your Coin Out balance (see limits below). By doing so, you hereby consent to the Company transferring the specified amount of change to your account, minus fees (see fees below).
• Expiration of Change. User’s change will not expire unless the Company determines a breach of user terms by the User.
• Fees. Coin Out reserves the right to alter fees that Users will pay for using the Service. At this time, Coin Out’s fees are 0%.
• Wrong number at Point of Sale. If User enters a wrong number at the Point of Sale, the User loses the right to those funds and it is transferred to the number inputted. Any refunds or returns are only acceptable under the cancellation and refund policy (see below).
• Losing receipt. If User loses a CoinOut receipt, the user loses the right to those funds. Any refunds or returns are only acceptable under the cancellation and refund policy (see below).
• Uploading receipt. CoinOut may offer User's the ability to upload receipts. If receipts are legitimate and valid, CoinOut may grant User offers. If User abuses the system, uploads fake, invalid or duplicate receipts, CoinOut may cancel granted offers.
• Taxes. Coin Out does not provide tax or other financial advice. You are solely responsible for ascertaining and complying with any tax obligations you may have in connection with your use of the Service.
• Custody of Funds. The Service is used by Users and Partners to keep track of change and offers and enable their use. BNB Bank holds the funds in a pooled FBO account that is FDIC insured.
• Limits. Coin Out reserves the right to alter User and Partner limits. Currently, the limits are as follows. Individual Transactions - Users will not be allowed to Coin Out more than $10.00 in one transaction. Coin Out Partners may be given the flexibility to lower this limit even further, although not raise it. Maximum Balance - Users will not be allowed to exceed a balance of $500.00 per mobile phone number. A User must withdraw before continuing to use the Service. Daily Limits - Users will not be allowed to exceed $50.00 in a given day. Users will not be allowed to exceed 10 individual Coin Out transactions in a given day. Monthly Limits - Users will not be allowed to exceed $250.00 in a given month. Users will not be allowed to exceed 100 Coin Out transactions in a given month. Bank Account transfers - a User can transfer to their bank account once a week, or four times a month. The maximum transfer is $500.00, although a User can not exceed the limits discussed previously.

3. Transactions

• The Service is provided for your personal use. You agree not to use the Service in connection with any activity that violates any law, rule or regulation or any third party rights. Without limiting anything else in this Agreement, the Company may at any time decline to process any transaction, suspend or cancel any User account and/or provide transaction and User information to law enforcement authorities in the event that the Company (1) suspects any violation of law or this Agreement, (2) is required to do so under applicable law or legal process (such as a court order), (3) is requested to do so by law enforcement authorities or (4) believes (in its sole discretion) that such action is appropriate in order to protect the property, rights or safety of the Company or any third party or to limit the Company’s liability. These remedies are in addition to any other remedies the Company may have at law or in equity.

4. Referral program

• Coin Out reserves the right to change its referral policy at its discretion. Please look to the referral section of the app to find details. Coin Out reserves the right to suspend your account and revoke any referral amounts if they were earned against our terms. Coin Out reserves the right to implement limits for the amount possible to be earned. Referral invites should be used for personal and non-commercial purposes. Public distribution through sites where you are not the primary content owner is not allowed.

5. Third Party Products and Services

• The Company does not endorse the purchase or use of any product or service that you may choose to pay for while using the Service, and has no control over any aspect of any such products or services, including without limitation their existence, delivery, quality or safety. The Company is not a party to any transaction you may elect to enter into with a Partner, and you are solely responsible for your dealings with the Partner. You are solely responsible for all aspects of all transactions you may enter into for which you use the Service, and acknowledge that the Company has no obligation to assist you in any dispute with any Partner regarding a product or service purchased with a Credit and no ability to effectuate any refunds. If you wish to report a Partner who you believe is using Coin Out in connection with any fraud or other illegal activity, you may contact the Company at support@coinout.com.

6. Individual Features and Services

• When using the Service, you will be subject to any additional posted guidelines or rules applicable to specific services, offers and features which may be posted from time to time (the “Guidelines”). All such Guidelines are hereby incorporated by reference into this Agreement. Please note that additional and/or different conditions and terms of use may apply to media, contests, competitions, or services provided through one or more of our partners or business associates, and you should refer to those before using such services.

7. Modification

• The Company may make modifications, deletions and/or additions to this Agreement (“Changes”) at any time. Changes will be effective thirty (30) days after the Company provides notice of the Changes, whether such notice is provided through the Service user interface, is sent to the e-mail address associated with your account or otherwise, or when you opt-in or otherwise expressly agree to the Changes or a version of this Agreement incorporating the Changes, whichever comes first.

8. Ownership, Proprietary Rights

• The Service is owned and operated by the Company. The content, visual interfaces, information, graphics, design, compilation, computer code, products, software, services, and all other elements of the Service that are provided by the Company (“Company Materials”) are protected by United States copyright, trade dress, patent, and trademark laws, international conventions, and all other relevant intellectual property and proprietary rights, and applicable laws. All Company Materials contained on the Service are the copyrighted property of Company or its subsidiaries or affiliated companies and/or third-party licensors. All trademarks, service marks, and trade names are proprietary to Company or its affiliates and/or third-party licensors. Except as expressly authorized by Company, you agree not to sell, license, distribute, copy, modify, publicly perform or display, transmit, publish, edit, adapt, create derivative works from, or otherwise make unauthorized use of Company Materials.

9. Prohibited Uses

• You may not use Coin Out in any manner that in the Company’s sole discretion could damage, disable, overburden, or impair it or interfere with any other party’s use of the Service. You may not intentionally interfere with or damage the operation of the Service or any User’s enjoyment of it, by any means. You may not remove, circumvent, disable, damage or otherwise interfere with any security-related features of the Service, features that prevent or restrict the use or copying of any content accessible through the Service, or features that enforce limitations on the use of the Service. You may not attempt to gain unauthorized access to the Service, or any part of it, other accounts, computer systems or networks connected to the Service, or any part of it, through hacking, password mining or any other means or interfere or attempt to interfere with the proper working of the Service or any activities conducted on the Service. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available through the Service.
• As a condition of your use of the Service, you will not use the Service for any purpose that is unlawful or prohibited by this Agreement. Access to the Company Materials and the Service from territories where their contents are illegal is strictly prohibited. Company Users are responsible for complying with all local rules, laws, and regulations including, without limitation, rules about intellectual property rights, the internet, technology, data, email, or privacy.
• The Service may contain robot exclusion headers. You agree that you will not use any robot, spider, scraper, or other automated means to access the Service for any purpose without our express written permission or bypass our robot exclusion headers or other measures we may use to prevent or restrict access to the Service.
• You may not utilize framing techniques to enclose any trademark, logo, or other Company Materials without our express written consent. You may not use any meta tags or any other “hidden text” utilizing Company’s name or trademarks without our express written consent.

10. Account Information

• You agree that the information you provide to the Company upon purchase or member registration and, at all other times, will be true, accurate, current, and complete. You also agree that you will ensure that this information is kept accurate and up-to-date at all times. You must provide your full name, phone number, email address, address and bank account information in order to access your funds (unless there is a non-bank account verified option offered in which case the bank account will not be necessary).

11. Password

• When you register you will be asked to provide a password. As you will be responsible for all activities that occur under your password, you should keep your password confidential. You are solely responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account or password, including adding or redeeming any Credit. If you have reason to believe that your account is no longer secure (for example, in the event of a loss, theft or unauthorized disclosure or use of your account ID or password), you will immediately notify the Company. You may be liable for the losses incurred by the Company or others due to any unauthorized use of your account.

12. User Communications

• Under this Agreement, you consent to receive communications from the Company electronically including text messages (although you will have the opportunity to opt-out to email instead). We will communicate with you by email or by posting notices on the Service. You agree that all agreements, notices, disclosures, and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

13. User Service, Feedback

• Please visit our help page for further assistance or contact us at support@coinout.com.

14. Availability of Service

• The Company may make changes to or discontinue any of the contests, web communities, products, or services available within the Service at any time, and without notice. The media, products, or services on the Service may be out of date, and the Company makes no commitment to update these materials on the Service.

15. Notice

• Legal notices shall be served to the Company via registered mail or overnight courier to 902 Broadway, Suite 1611, NY, NY 10010 (in each case with delivery confirmation) and to you at the email address you provide to the Company during the registration process. Notice shall be deemed given 24 hours after email is sent, unless the sending party is notified that the email address is invalid. Alternatively, we may give you legal notice by mail to the address provided during the registration or purchase process. In such case, notice shall be deemed given three days after the date of mailing.

16. Restricted Persons

• You hereby represent and warrant that you are not a Restricted Person. For purposes of this Agreement, a “Restricted Person” is any person or entity, or any officer, director, or controlling shareholder of an entity, that is (1) a national of or an entity existing under the laws of Cuba, Iran, Sudan, North Korea, Syria, or any other country with which U.S. persons are prohibited from engaging in transactions, as may be determined from time to time by the U.S. Treasury Department - (2) designated as a Specially Designated National or institution of primary money laundering concern by the U.S. Treasury Department - (3) listed on the Denied Persons List or Entity List by the U.S. Commerce Department - (4) engaged in nuclear, missile, chemical or biological weapons activities to which U.S. persons may not contribute without a U.S. Government license - or (5) owned, controlled, or acting on behalf of any person or entity described under the foregoing (1) through (4).

17. Disagreements

• You alone are responsible for your involvement with the Partners with whom you may interact in connection with the Service. The Company reserves the right, but has no obligation, to monitor disagreements between you and any Partners.

18. Violations, Termination

• You agree that the Company, for a violation of the terms of use, may terminate any member or customer account (or any part thereof) you may have at the Service or your use of the Service, and remove and discard all or any part of your account or any User Submission, at any time. The Company does not have any refund obligation to the customer; the refund obligation remains with the individual Partners. The Company may in its sole discretion and at any time discontinue providing access to the Service, or any part thereof, with or without notice. The Company strives to work with reputable Partners. However, the Company has no liability to you for any Partner’s failure to honor Coin Out, and you should contact the Partner in connection with any of the foregoing. You agree that any termination of your access to the Service or any account you may have or portion thereof may be effected without prior notice, and you agree that the Company shall not be liable to you or any third-party for any such termination. The Company does not permit copyright infringing activities on the Service, and reserves the right to terminate access to the Service, and remove all content submitted, by any persons who are found to be repeat infringers. Any suspected fraudulent, abusive, or illegal activity that may be grounds for termination of your use of the Service may be referred to appropriate law enforcement authorities. These remedies are in addition to any other remedies the Company may have at law or in equity.

19. Disclaimers, No Warranties

• THE SERVICE AND ANY THIRD-PARTY, MEDIA, SOFTWARE, SERVICES, OR APPLICATIONS MADE AVAILABLE IN CONJUNCTION WITH OR THROUGH THE SERVICE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, THE COMPANY AND ITS SUPPLIERS, LICENSORS AND PARTNERS, DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT OF PROPRIETARY RIGHTS. 

THE COMPANY AND ITS SUPPLIERS AND PARTNERS, DO NOT WARRANT THAT THE FEATURES CONTAINED IN THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SERVICE OR THE SERVER THAT MAKES IT AVAILABLE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. 

THE COMPANY AND ITS SUPPLIERS AND PARTNERS, DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE SERVICE IN TERMS OF IT CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE. YOU (AND NOT THE COMPANY NOR ITS SUPPLIERS AND PARTNERS) ASSUME THE ENTIRE COST OF ANY NECESSARY SERVICING, REPAIR, OR CORRECTION. YOU UNDERSTAND AND AGREE THAT YOU DOWNLOAD, OR OTHERWISE OBTAIN MEDIA, MATERIAL, OR OTHER DATA THROUGH THE USE OF THE Service AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM SUCH MATERIAL OR DATA. 

CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MIGHT HAVE ADDITIONAL RIGHTS.

20. Indemnification, Hold Harmless

• You agree to indemnify and hold the Company, and its affiliated companies, and its suppliers and partners, harmless from any claims, losses, damages, liabilities, including attorney’s fees, arising out of your use or misuse of the Service, violation of this Agreement, violation of the rights of any other person or entity, or any breach of the foregoing representations, warranties, and covenants. The Company reserves the right, at our own expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us and you agree to cooperate with our defense of these claims.

21. Limitation of Liability and Damages

• UNDER NO CIRCUMSTANCES, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, SHALL THE COMPANY OR ITS AFFILIATES, CONTRACTORS, EMPLOYEES, AGENTS, OR THIRD PARTY PARTNERS OR SUPPLIERS, BE LIABLE TO YOU FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES THAT RESULT FROM YOUR USE OR THE INABILITY TO USE THE COMPANY MATERIALS ON THE SERVICE, THE SERVICE ITSELF, OR ANY OTHER INTERACTIONS WITH THE COMPANY, EVEN IF THE COMPANY OR A THE COMPANY AUTHORIZED REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. APPLICABLE LAW MAY NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU. IN SUCH CASES, THE COMPANY’S LIABILITY WILL BE LIMITED TO THE EXTENT PERMITTED BY LAW. 

IN NO EVENT SHALL THE COMPANY’S OR ITS AFFILIATES, CONTRACTORS, EMPLOYEES, AGENTS, OR THIRD PARTY PARTNERS OR SUPPLIERS’ TOTAL LIABILITY TO YOU FOR ALL DAMAGES, LOSSES, AND CAUSES OF ACTION ARISING OUT OF OR RELATING TO THESE TERMS OR YOUR USE OF THE SERVICE (WHETHER IN CONTRACT, TORT, WARRANTY, OR OTHERWISE) EXCEED ONE HUNDRED DOLLARS. 

THESE LIMITATIONS SHALL ALSO APPLY WITH RESPECT TO DAMAGES INCURRED BY REASON OF ANY PRODUCTS OR SERVICES SOLD OR PROVIDED TO YOU BY THIRD PARTIES OTHER THAN THE COMPANY AND RECEIVED BY YOU THROUGH OR ADVERTISED ON THE SERVICE OR RECEIVED BY YOU THROUGH ANY LINKS PROVIDED ON THE SERVICE.

22. Arbitration

• Any claim (excluding claims for injunctive or other equitable relief) where the total amount of the award sought by either party is less than $10,000 shall be resolved via binding non-appearance-based arbitration initiated through the American Arbitration Association (“AAA”). The AAA Rules are available online at www.adr.org or by calling the AAA at 1-800-778-7879. In any such arbitration, the parties and AAA must comply with the following rules: (a) the arbitration shall be conducted by telephone, online and/or be solely based on written submissions, where the specific manner shall be chosen by the party initiating the arbitration; (b) the arbitration shall not involve any personal appearance by the parties or witnesses unless otherwise mutually agreed by the parties; (c) the arbitrator may award injunctive or declaratory relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party's individual claim; and (d) any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction. Nothing in this Agreement shall prevent either party from seeking remedies in small claims court of competent jurisdiction.

23. Class Action Waiver

• YOU AGREE THAT ANY CLAIMS SUBJECT TO ARBITRATION UNDER SECTION 21 MUST BE MADE IN YOUR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

24. Claims

• YOU AND THE COMPANY AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE APP MUST COMMENCE WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED.

25. Miscellaneous

• Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to any principles of conflicts of law.
• Jurisdiction. You agree that any action at law or in equity arising out of or relating to this Agreement or the Service that is not subject to mandatory arbitration as set forth above in Section 21 shall be filed only in the state or federal courts in and for the Southern District of New York and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action.
• Waiver. A provision of this Agreement may be waived only by a written instrument executed by the party entitled to the benefit of such provision. The failure of any party at any time to require performance of any provision of this Agreement shall in no manner affect such party’s right at a later time to enforce the same. A waiver of any breach of any provision of this Agreement shall not be construed as a continuing waiver of other breaches of the same or other provisions of this Agreement.
• Severability. If any provision of this Agreement shall be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from this Agreement and shall not affect the validity and enforceability of any remaining provisions.
• Assignment. This Agreement and related Guidelines, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by the Company without restriction.
• Survival. Sections 1, 3 and 7 and 9 through 24 will survive any termination of this Agreement.
• Headings. The heading references herein are for convenience purposes only, do not constitute a part of this Agreement, and shall not be deemed to limit or affect any of the provisions hereof.
• Entire Agreement. This is the entire agreement between us relating to the subject matter herein and shall not be modified except in writing, signed by both parties, or by a change to this Agreement or Guidelines made by the Company as set forth in Section 3 above.
• Disclosures. The Service hereunder is offered by Coin Out Inc., located at 902 Broadway Suite 1611, NY, NY, 10010, email: support@coinout.com. If you are a New York resident, you may have this same information emailed to you by sending a letter to the foregoing address with your email address and a request for this information.