EEM regulations

Regulations Privacy policy

Regulations of the Capital Financing System and the Website

CHAPTER I

GENERAL PROVISIONS

§ 1. SCOPE OF THE RULES

1. The Rules hereof specify the terms and conditions of use of the Internet Service available at www.eemarketplace.com, the basic terms of concluding and terminating agreements with the Internet Service Operator, complaint procedure, rights, obligations and responsibilities of the Internet Service Operator and the Users of the Service, as well as the rules for acceptance of Projects, implementation of financing and the issues regarding communication and investor relations.

2. The company operating under the business name of Emerging Europe Marketplace Spółka z ograniczoną odpowiedzialnością (Limited Liability Company) with its registered office in Warsaw at 17 Adama Branickego St., 02-972 Warsaw, entered into the register of entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw, 13th Commercial Department of the National Court Register, under KRS number 0000754584, and NIP (Taxpayer Identification Number) number 9512471730, shall be the Operator of the Internet Service available at www.eemarketplace.com.

3. The condition for starting using the Internet Service available at www.eemarketplace.com is to read and accept the Rules hereof, as well as the Privacy Policy of the Service, set forth in a separate document being an Annex No. 1 to these Rules.

4. The Internet Service Operator reserves that the services made available via the Service may only be used by persons with full legal capacity. Upon starting using the Internet Service, the User declares that has a full legal capacity and the manner in which he uses the Service is in accordance with applicable laws and rules of social conduct and does not violate the rights of third parties.

5. The Internet Service Operator makes the Rules hereof available free of charge on the Service’s website at available at www.eemarketplace.com in a form which enables downloading, saving and printing thereof.

6. The provisions of the Rules hereof apply to Projects, in connection with which the Users of the Service take actions initiating them through the Internet Service and aiming at the implementation of a given Project.

§ 2. DEFINITIONS

The phrases and expressions used in these Rules shall have the following meaning:

1) Emerging Europe Marketplace Sp. z o.o. (also the Internet Service Operator) - the company operating under the business name of Emerging Europe Marketplace Spółka z ograniczoną odpowiedzialnością (Limited Liability Company) with its registered office in Warsaw at 17 Adama Branickego St., 02-972 Warsaw, entered into the register of entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw, 13th Commercial Department of the National Court Register, under KRS number 0000754584, and NIP (Taxpayer Identification Number) number 9512471730;

2) Offering Document, Information Document or Information Memorandum - a document containing a description of the basic financing parameters of a given Project, as well as information about the Company being the author of the Project and intending to incur liabilities on its own account resulting from the financing granted, including primarily information on its economic and financial situation;

3) Project Value - the total value of financing obtained by the Company within a given Project;

4) Subscription - procedure of raising funds by the Company from Registered Users of the Internet Service (Investors), associated with the creation of membership interests in limited liability companies, issue of debt or equity Financial Instruments or other transferable Financial Instruments for raising capital, carried out in accordance with the principles set forth for in the Rules within a specified time period in which the Investor may grant financing to the Project of his choice; this term also means, depending on the context, any other funding to which an access is obtained via the Internet Service; this term also means, depending on the context, any other type of financing that is obtained by the Company using the infrastructure, technological and regulatory measures of the Internet Service.

5) Company Data Charter - a document containing a set of basic information about the Company, which is filled in and provided to the Internet Service Operator on a form specified by him;

6) Civil Code - Act of 23 April 1964 - Civil Code (consolidated text: Journal of Laws of 2017, item 459);

7) Account - an individual account created by the User in the Internet Service by voluntarily entering data in accordance with the procedures set out in these Rules, enabling the User to use the Internet Service and containing information about the User's activities in this Service;

8) Financial Instruments - instruments stating the existence of the Company's debt or representing a share in the increased share capital, issued by the Company and being the subject of its Offer;

9) Project (also the Offer) - an investment or economic undertaking related to the issuance by the Company of Financial Instruments and offering them to Investors in exchange for their financial commitment to the investment objectives set by the Company under the Project or related to the intention consisting in obtaining a different type of financing rather than through the issue of Financial Instruments;

10) Investor - Registered User of the Internet Service who voluntarily provides financing to the Project of his choice;

11) Rules - this document defining the terms and conditions of use of the Internet Service available at www.eemarketplace.com , the basic terms of concluding and terminating agreements with the Internet Service Operator, complaint procedure, rights, obligations and responsibilities of the Internet Service Operator and the Users of the Service, as well as the rules for acceptance of Projects, implementation of financing and the issues regarding communication and investor relations along with the attachments listed in the document being an integral part of the Rules;

12) Regulation on the Protection of Personal Data - Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation);

13) Internet Section – a web section that is a separate internet area, activated, maintained, managed and closed upon the Company's decision, in which the Company provides Users with information about the Project and presents materials related to the Company and its activities, as well as through which the financing process is initiated;

14) Internet Service (also Website) - Internet service available at: www.eemarketplace.com which is an electronic information system operated and managed by the Internet Service Operator;

15) Company (also the Project Provider) - an entity conducting its business activity in particular, but not exclusively, in the form of a joint-stock company, limited joint-stock partnership or limited liability company, which applies for financing of its Project;

16) Party/Parties – Internet Service Operator and/or Registered User;

17) Agreement – an agreement on the provision of electronic services within the meaning of the Act on Providing Services by Electronic Means concluded between the Internet Service Operator and a Registered User;

18) Services - services of the Internet Service Operator consisting in providing the electronic and communication environment to the qualified by the Internet Service Operator entities raising funds and entities providing financing as well as to other users, with the use of technological and regulatory infrastructure managed by the Internet Service Operator; the Operator does not provide any services in terms of offering if the financing should take place through the issue of Financial Instruments;

19) Act on Trading in Financial Instruments – the Act of 29 July 2005 on Trading in Financial Instruments (Journal of Laws of 2005, no. 183, item 1538);

20) Act on Personal Data Protection - the Act of 29 August 1997 on the Protection of Personal Data (Journal of Laws of 1997, no. 133, item 883);

21) Act on Providing Services by Electronic Means – the Act of 18 July 2002 on Providing Services by Electronic Means (Journal of Laws of 2002, no. 144, item 1204);

22) Act on Payment Services – the Act of 19 August 2011 on Payment Services (Journal of Laws of 2011, no. 199, item 1175);

23) Act on Public Collections – the Act of 14 March 2014 on the principles of conducting public collections (Journal of Laws of 2014, item 498);

24) Act on Public Offering – the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (Journal of Laws of 2005, no. 184, item 1539);

25) Act on Investment Funds – the Act of 27 May 2004 on investment funds and management of alternative investment funds (Journal of Laws of 2018, item 1355);

26) Banking law – the Act of 29 August 1997 - Banking Law (Journal of Laws of 1997, no. 140, item 939);

27) Act on Bonds - the Act of 15 January 2015 on Bonds (Journal of Laws of 2015, item 238);

28) User - a natural person with full legal capacity, acting on its own behalf, on behalf of a legal person or an organizational unit without legal personality, which under the specific provisions of law is granted a legal capacity, directly using, to a limited extent, the functionality of the Internet Service;

29) Registered User - a natural person with full legal capacity, acting on its own behalf, on behalf of a legal person or an organizational unit without legal personality, which under the specific provisions of law is granted a legal capacity, registered with the Internet Service and directly using the functionality of the Internet Service to the full extent. A Registered User may be the Company as a Project Provider and an Investor providing financing to the Project.

§ 3. STATEMENTS AND DECLARATIONS

1. The business of the Internet Service available at www.eemarketplace.com is the management of technological, communication and regulatory infrastructure and making it available, as a result of which Project Providers may submit directly to potential Investors their proposals for financing the Projects being a part of the business operations of the Project Providers, based on the tools and technological infrastructure made available to the Users, through which Registered Users can apply for financing of qualified Projects or provide financing for other Users’ Projects presented in the Internet Service.

2. Emerging Europe Marketplace Spółka z ograniczoną odpowiedzialnością (Limited Liability Company) as the Internet Service Operator hereby declares that:

1) is the sole owner and administrator of the Internet Service available at www.eemarketplace.com;

2) has no financial participation in the Projects implemented with the use of Internet Service;

3) financing as a process implemented between Users of the Internet Service, provided that it is carried out through the issue of Financial Instruments, is subject to the conditions referred to in Art. 7.8a and Art. 53.9c of the Act on Public Offering;

4) provides services to Users and Registered Users electronically within the meaning of the Act on Providing Services by Electronic Means;

5) does not conduct brokerage business and does not perform brokerage activities referred to in Art. 69.2 and 69.4 of the Act on Trading in Financial Instruments;

6) does not perform business operations as an investment company within the meaning of Art. 3.33 of the Act on Trading in Financial Instruments;

7) does not operate as an investment fund and does not manage an alternative investment fund or is such a fund within the meaning of the Act on Investment Funds;

8) does not perform business operations as a payment institution and does not provide payment services within the meaning of Art. 2.11 and Art. 3.1 of the Act on Payment Services;

9) business operations of the Internet Service Operator is not subject to the provisions of the Act on Public Collections.

CHAPTER II

TECHNICAL AND REGULATORY TERMS OF USE OF THE INTERNET SERVICE

§ 4. GENERAL RULES

1. The use of the Internet Service is drawn on by means of a system that provides the ability to process and store, as well as to send and receive data via telecommunications networks, in accordance with the wording of the Act on Providing Services by Electronic Means.

2. The following are required for the proper use of the Internet Service:

a) active connection to the Internet, allowing a two-way communication via the https protocol,

b) an active e-mail address, which can be freely used by the User,

c) a web browser, allowing the display of hypertext documents, supporting scripting JavaScript programming language and accepting cookies (Internet Explorer (version ≥ 6.0), Mozilla Firefox, Opera, Google Chrome and Safari browsers are recommended).

3. Users and Registered Users are required to use the Internet Service in a manner consistent with applicable laws, rules of social coexistence and accepted principles of morality, and with respect for personal rights and third party’s copyrights.

4. While using the Internet Service, Users and Registered Users undertake to:

a) refrain from any actions that may hinder or disrupt the functioning of the Internet Service or damage the database structures and IT systems of the Service, in particular, not to attempt to enter harmful data into the Service's IT system (malicious and disruptive software, including viruses, spyware, worms, etc.),

b) respect the copyrights and intellectual property rights of the Internet Service Operator and Users of the Service,

c) refrain from using the Internet Service to send spam and marketing messages, including unsubscribed commercial communications,

d) use the disclosed data identifying other Users only for the purposes set out in these Rules.

5. All Users may report via e-mail to the address of the Internet Service Operator: support@eemarketplace.com any content and actions which in their opinion in any way violate the provisions of the Rules hereof.

§ 5. THE PROCESS OF REGISTRATION OF USERS ON THE WEBSITE

1. Access to the content posted on the Website is possible both without registration and logging in to the Internet Service (limited access to the Website), as well as after the registration and completion of logging in procedure (full access to the Website).

2. Users with limited access to the Website may browse publicly available content published on the Website, including content related to completed Projects. Access to some of the content and services offered through the Website, including in particular access to information presented in the Company's Internet Section on currently implemented Projects, is possible after obtaining full access to the Website, i.e. after registration on the Website.

3. Users with full access to the Website may use all the services offered through the Website and browse all content and materials published on the Website and in the Company Internet Section.

4. The User may register on the Website only on his own behalf or on behalf of a legal person or an organizational unit without legal personality. In the event, the User registers on behalf of a legal person or an organizational unit without legal personality, it is presumed that he has a power of attorney valid under the applicable laws or is a representative of these entities.

5. Creating an Account on the Website is voluntary. Registration activities are a one-off exercise.

6. In order to create an Account on the Website, the User is obliged to complete the registration form, available on the Website.

7. The registration form for the User acting on his own behalf requires filling in the gaps with the following data:

1) first and last name,

2) telephone number,

3) e-mail address,

4) PESEL number or, in the absence of such number, passport number, identity card number or number of other document confirming identity.

8. Creating an Account on the Website also requires to set a password consisting of at least 8 (eight) characters and submitting a declaration (by ticking the appropriate box) regarding the acceptance of the Rules and the Privacy Policy described in Annex 1 to the Rules hereof.

9. The registration form for a User acting on behalf of a legal person or an organizational unit without legal personality, which under the specific provisions of law is granted a legal capacity, requires in addition to the data and actions indicated in subparagraph 7, filling in the gaps with the name of the entity on behalf of which the User acts, indicating its registered office, address, entry number in the National Court Register (or other applicable register), NIP (Taxpayer Identification number) number (or REGON – Statistical Identification Number), and submitting a declaration (by ticking the appropriate box) to the effect that such entity has appropriate powers of attorney or authorizations.

10. After filling in the registration form correctly, an activation link is sent to the e-mail address indicated by the User. Clicking the activation link finalizes the Registration process and expresses an intention to enter into an Agreement on provision of services by electronic means with the Internet Service Operator for an indefinite period and confirms the accuracy of the data provided in the registration form.

11. Upon conclusion of the Agreement, the User obtains the right to use the Website's functionality, including the possibility of entering the area in which pending Projects are presented, i.e. area in which substantiated content on Projects is made available exclusively by the Companies, bearing sole responsibility for this content and for the statements and assurances made in its context. The User also gets the option of financing Projects or submitting Project proposals.

12. After creating the Account and its activation, the User may update or edit the previously entered data.

13. The Internet Service Operator reserves the right to perform additional verification of data indicated by Users in the registration form, in particular by verifying the information provided in the registration process by telephone contact or via e-mail.

14. The User is obliged not to disclose the login and password to his Account to third parties and to update the data provided in the registration process in the event of its change.

15. By concluding an Agreement for the provision of services by electronic means, referred to in subparagraph 10, the User also represents that:

1) has read the Rules (in particular in the part concerning the investment risk described in Par. 15 of these Rules) and accepts their provisions in their entirety,

2) the data entered by him in the registration form is true and does not violate the rights of other entities,

3) consents to the processing, under the conditions set out in the Act on Personal Data Protection and the General Data Protection Regulation, of his personal data in the scope specified in subparagraphs 7 and 8,

4) is aware of the responsibility for placing personal data, documents, materials or images of third parties on the Website without the proper consent of these persons,

5) agrees to receive information on the Website's operation, including, in particular, information from the Internet Service Operator regarding any impediments, changes or technical breaks in the operation of the Website to the email address indicated by the User in the registration form.

§ 6. COPYRIGHTS AND INTELLECTUAL PROPERTY RIGHTS

1. The Internet Service Operator grants Users the authorization to use the Website's functionality in the scope assumed for individual Users.

2. The authorization granted to the Users by the Internet Service Operator does not include authorization to:

1) interference in the operation of the Website systems in any scope and for any purpose,

2) delete or modify trademarks of the Internet Service Operator, or any other.

3. The Internet Service Operator owns the copyrights, other intellectual property rights, know-how and other rights to the Internet Service, all components used by the Website and necessary for its operation, including IT systems, or has appropriate authorizations (licenses) for their use. The Internet Service Operator points out that under the Agreement for the provision of services by electronic means, the User does not obtain rights and licenses relating to the Service other than those indicated in subparagraph 1 subject to subparagraph 2.

4. The User undertakes to respect all intellectual property rights, including but not limited to copyrights, as well as not to use trademarks and trade names (registered or not) presented on the Website or to which the User gains an access in connection with the services provided by the Website Operator.

5. If any content posted on the Website by the User violates the intellectual property rights of third parties, the User undertakes to immediately remove this content and to reimburse any costs incurred by the Internet Service Operator as a result of such breach. In the event that the Internet Service Operator is informed on or suspects that the content posted on the Website by the User infringes the intellectual property rights of third parties, the Operator reserves the right to request immediate removal of such content by the User.

6. All files presented in the Company’s Internet Section making up the Company's documentation in connection with the Project being implemented, may be given a graphic stamp by the Company or other electronic symbol with an indication of the source of a given file and the date on which the file was published in the Company’s Internet Section. The Company is obliged to exclude the possibility of editing and saving files.

§ 7. THE RESPONSIBILITY OF THE INTERNET SERVICE OPERATOR

1. The Internet Service Operator is responsible for ensuring supervision over the proper functioning of the Service, in particular the Operator is obliged to:

a) ensure the continuity of the system;

b) verify the correctness of the Website's use by its Users on an ongoing basis;

c) manage system components responsible for authentication and confidentiality of the information sent.

2. The Internet Service Operator undertakes to inform Users and Registered Users on the planned modernization of the Website and the resulting temporary unavailability of the Website or the User’s Account, in the form of an announcement disclosed on the Website (available to all Users) and a relevant notification sent via email (to Registered Users’ email addresses).

3. In addition to the exclusions of the responsibility of the Internet Service Operator already included in the provisions of these Rules, the Operator is not responsible for disruptions in the proper functioning of the Website caused by force majeure, unlawful actions taken by third parties or non-culpable materialization of operational risk.

§ 8. COMPLAINTS

1. The User has the right to lodge a complaint if the Services referred to in these Rules are not provided by the Internet Service Operator or if they are provided in a manner inconsistent with the provisions of the Rules hereof.

2. Filing a complaint means informing the Internet Service Operator about the stated irregularity by e-mail to the following address: support@eemarketplace.com or by mean of a letter sent to the registered address of the Internet Service Operator.

3. The complaint should include: the User's first and last names, e-mail address or correspondence address, telephone number, description of reservations and User's request.

4. If the data or information provided in the complaint need to be supplemented, before considering the complaint, the Internet Service Operator asks the complainant to complete the complaint in the indicated scope.

5. The Internet Service Operator is obliged to consider the complaint within 30 days of its receipt and to inform the User about the result of this consideration and about the position the Operator has taken. In the case referred to in subparagraph 4, the 30-day period shall be deemed to begin from the moment when data is supplemented by the User.

6. The response to the complaint is sent to the e-mail address indicated by the User, unless he has requested to receive a response in a different form.

7. The Internet Service Operator does not consider and does not respond to complaints which, in accordance with the provisions of these Rules, should be directed to the Company.

8. The Internet Service Operator maintains a record of all complaints received, as well as the measures that have been taken in relation to these complaints.

§ 9. TERMINATION OF AN AGREEMENT WITH

THE INTERNET SERVICE OPERATOR

1. The agreement, which covers only the provision of services consisting in operating an Account on the Website, may be terminated by the Registered User at any time with immediate effect by deleting the Account on the Website. The Account is removed by the Internet Service Operator at the request of a Registered User sent to the Internet Service Operator's e-mail address: support@eemarketplace.com. The information containing the confirmation of account deletion is sent to the e-mail address indicated by the Registered User in the registration process.

2. The agreement that covers the provision of services consisting in operating an Account on the Website and enabling the Company to perform the financing of the Project with the use of the internet area to which a technical access is obtained through the Internet Service, may be terminated by each Party with a one-month notice.

3. The Website Operator reserves the right to terminate the agreement referred to in subparagraphs 1 and 2 with immediate effect, after prior notification of the Registered User and indication of the reason for termination, in case where:

1) Registered User used his Account or the services of the Website Operator in a manner inconsistent with the terms set out in the Rules or with the provisions of generally applicable laws, including the cases where the User, by his actions, infringed the copyrights or intellectual property rights of third parties;

2) the Registered User entered false or incorrect data during the registration process or when using the Website Operator's Services (or there are reasonable doubts as to this data accuracy or correctness), which resulted or results in a significant difficulty or lack of possibility to provide services by the Internet Service Operator;

3) the Registered User did not update the data which resulted or results in a significant difficulty or lack of possibility to provide services by the Internet Service Operator;

4) the Registered User acted to the detriment of the Internet Service Operator, in particular by undertaking actions aimed at hindering or disrupting the functioning of the Website.

§ 10. PERSONAL DATA PROTECTION

1. The issues related to the protection and processing of personal data in connection with the provision of services offered by the Website are regulated by the provisions of the Regulation on the Protection of Personal Data and the Act on the Protection of Personal Data.

2. The detailed rules for the collection and processing of Users' personal data are set out in the Privacy Policy of the Internet Service described in Annex No. 1 to the Rules hereof.

CHAPTER 3

TERMS FOR QUALIFYING PROJECTS, RULES OF THE FINANCING PROCESS, COMMUNICATION RULES AND OBLIGATIONS OF COMPANIES IN TERMS OF INVESTOR RELATIONS

§ 11. ACCEPTANCE OF PROJECTS, SCOPE OF REQUIRED DOCUMENTATION AND PRINCIPLES CONCERNING PRESENTING PROJECTS ON THE WEBSITE

1. Emerging Europe Marketplace Sp. z o.o. as an Internet Service Operator is solely a technological partner of the Company in terms of the executed Offer of the Financial Instruments or using other financing instruments by a given Company, and sets standards for investor relations and ensures legal security of operations carried out through the Internet Service. The Internet Service Operator provides the Company with the necessary infrastructure and technical tools, with the use of which the Company may apply for financing of its investment projects in accordance with the principles set out in these Rules. In particular, the Internet Service Operator provides a technical possibility for Users to transfer into an area managed by the Company, in which solely the Company presents Projects with regard to which it applies for financing. Enabling this possibility is preceded by the qualification of the Project and posting by the Company of the relevant content in the Internet area managed by the Company.

2. Only Registered User is entitled to submit the Project. Registration on the Website as a Project Provider is preceded by the conclusion of a relevant agreement for the provision of services between the Internet Service Operator and the Company, defining the scope of these services, mutual obligations of the Parties and details related to the remuneration of the Internet Service Operator.

3. A Company applying for financing of its Project with the use of technical and technological infrastructure offered by the Internet Service is required to provide the Internet Service Operator with relevant documentation (Relevant Documentation) consisting of:

1) Company Data Charter –submitted on a form specified by Internet Service Operator and containing the following data:

a) business name of the Company,

b) KRS (National Court Register number), NIP (Taxpayer Identification number) and REGON (Statistical Identification number) numbers,

c) address of the registered office of the Company, contact details (telephone, e-mail address, website),

d) date of incorporation of the Company and indication of the industry in which the Company operates, including information whether the business conducted by the Company requires a license or permit, and if such a requirement exists - additionally an indication of the subject and number of a license or permit and the authority issuing these documents,

e) first and last names of persons or business names of companies (with an indication of KRS and REGON numbers) being the shareholders of the Company, indicating the number of shares held in the share capital of the Company,

f) first and last names of the members of the Company's Management Board and where appointed, first and last names of the members of the Company's Supervisory Board, including information on whether a given person is listed in the Register of Insolvent Debtors, kept pursuant to the Act of 20 August 1997 on the National Court Register,

2) the Company's articles of association, deed of incorporation or another memorandum of association regulating the basic issues of the Company’s functioning,

3) financial statement for the last financial year (unless the first financial year has not yet ended),

4) Offering Document, Information Document or Information Memorandum containing at least:

a) basic information concerning the Company, including information on basic products, goods or services and their share in the sales revenues of the Company,

b) description of the terms and conditions of the offer, with an indication of the Financial Instruments offered or other instruments (means) for obtaining financing and their number, total value, as well as the minimum issue threshold,

c) legal basis for the issue of offered Financial Instruments or other instruments (means) for obtaining financing with indication of the date and form of the decision taken by the relevant authority or authorized persons in terms of the issue or non-issue financing, including the content of such decision,

d) description of the issue or non-issue financing objectives for which funds from the issue of Financial Instruments or other instruments for obtaining financing are to be allocated,

e) description of significant risk factors to which the Investor may be exposed, in particular factors related to the economic, property and financial situation of the Company,

f) description of the basic principles of the Company's policy regarding the payment of a dividend in the future,

g) information about the taxation of income related to the Financial Instruments or other instruments (means) for obtaining financing held and covered by the Offering Document, Information Document or Information Memorandum including the indication of the taxpayer,

h) statement of the Company, bearing the signatures of the persons authorized to represent the Company, to the effect that to the best of its knowledge and due diligence exercised, the information contained in the Offering Document, Information Document or Information Memorandum is true, accurate and consistent with the facts and that no facts hace been omitted in this Document that could affect the valuation of the Financial Instruments or other instruments (means) for obtaining financing that are the subject of the Company's Offer, and that the Offering Document accurately describes the risks associated with the economic, property and financial situation of the Company,

i) statement of the Company, bearing the signatures of the persons authorized to represent the Company, to the effect that no bankruptcy, restructuring or liquidation proceedings or any other governmental proceedings that may have a material impact on the financial position of the Company are pending against the Company,

5) business plan - containing a presentation of the business model, the Company's development strategy after obtaining financing, projection of achievable sales revenue, determination of the stage of the Project for the implementaion of which the Company applies for financing.

4. In the case that the debt Financial Instruments are the subject of the Company’s Offer, the Offering Document, Information Document or Information Memorandum referred to in subparagraph 3 shall additionally contain information on the terms of redemption, the payment of interests, as well as the amount and form of any collaterals with an indication of the entity granting such collateral.

5. The documentation referred to in subparagraphs 3 and 4 should be prepared by the Company in accordance with generally applicable laws while respecting the rights of third parties.

6. The documentation referred to in subparagraphs 3 and 4 may be drawn up in Polish or in English or in both languages.

7. The Internet Service Operator may request the Company to provide additional information, declarations or documents related to the issue of Financial Instruments or other instruments (means) for obtaining financing covered by the Offering Document, Information Document or Information Memorandum.

8. In the event that the Company becomes aware of errors in the Offering Document, Information Document or Information Memorandum or of the circumstances or events that may have a significant impact on the Company's economic, property or financial situation and which occurred during the period as from the date of submitting the documentation referred in subparagraph 3 subject to subparagraph 4 to the Internet Service Operator until the day of the Internet Service Operator’s decision on the acceptance of the Company’s Project, the Company is obliged to immediately provide such information to the Internet Service Operator and to update the Relevant Documentation.

9. The Internet Service Operator verifies and evaluates the documents and materials listed in subparagraphs 3 and 4 in particular in terms of their compliance with general market principles and reserves the right to provide the possibility of technical entry into the Internet area managed by the Company as referred to in subparagraph 1, only to those Companies whose Projects have been positively assessed (have been qualified) in the acceptance process.

10. The Internet Service Operator shall decide whether to accept the Project or to refuse to accept the Project within 10 business days of the date of the Company's submission of all documents, statements and information referred to in subparagraph 3, subject to subparagraph 4. Where the submitted documents are incomplete or there is a need to obtain additional explanations or documents, the deadline for adoption of the decision by the Internet Service Operator is counted from the day of supplementing the documentation or providing the Operator with the required explanations.

11. The Internet Service Operator may decide not to accept the Project, in particular if:

1) the complete documentation referred to in subparagraph 3 subject to subparagraph 4 has not been submitted or if the submitted documentation deviates significantly from the requirements specified in subparagraph 3 subject to subparagraph 4;

2) the Project is of unlawful nature;

3) implementation of the Project requires compliance with specific legal conditions.

12. The Internet Service Operator reserves the right to refuse to accept the Project, as well as to refuse to qualify the Project of a given Company for the acceptance process, without providing reasons.

13. The preceding provisions, regarding the Relevant Documentation and Project eligibility rules, apply accordingly to each Project assuming other type of financing rather through the Financial Instruments issue, regardless of whether the relevant application has been expressly reserved in the relevant provisions.

14. In accordance with preceding provisions, a technical possibility for Registered Users to transfer into an Internet area managed by the Company, in which solely the Company discloses the contents, is provided by the Internet Service Operator on condition that:

1) the Project has been accepted by the Internet Service Operator,

2) the Company has submitted a notification to the Polish Financial Supervision Authority in the form, within the deadline and on terms set forth in Art. 53.9c of the Act on Public Offering Act, (if required),

3) the Relevant Documentation relating to the Company's Project has been published in the Internet area managed by the Company referred to in subparagraph 1.

15. The Company may post in the managed Internet area (Internet Section dedicated to the Company’s Project and available to Registered Users) other data, materials, documents or information that it deems necessary to disclose, provided that all content and materials related to the Company's Project are published they are in the Company’s Section after they have been verified in terms of compliance with the Regulations and approval by the Internet Service Operator. The Company also has the possibility to publish advertising films, animations, multimedia presentations and other materials in the Internet Section dedicated to the Company's Project; the principle of verification and approval by the Internet Service Operator stipulated in the previous sentence, applies also to this type of content.

16. The Company's documents and materials disclosed in the Company's Internet Section are the property of the Company. The Internet Service Operator does not change the content prepared by the Company in any way. If the documents and materials mentioned in the preceding sentence violate generally applicable laws, including copyrights or personal rights of third parties, to the extent that the Internet Service Operator will be informed of such breach, the Service Operator requests the Company to rectify, change or delete certain content.

17. The Internet Service Operator has the right to block, from the level of the Website managed by the Internet Service Operator, a technical access to the Internet area managed by the Company (to the Section dedicated to the Project) at any time upon prior notification of the Company, in particular if the Company violates applicable laws, provisions of these Rules or any other terms and conditions applicable to the Internet Service.

18. The Company's Offer is deemed successful providing that Investors have effectively subscribed for all Financial Instruments offered by the Company, or if the minimum issue threshold has been reached and subject to release or readiness to release to Investors the Financial Instruments issued with the aim of financing the Project or in the case of obtaining financing in accordance with conditions of the Project, if the financing of Project does not consist in issuing Financial Instruments. In the cases referred to in the previous sentence, the Company is obliged to submit to the Internet Service Operator for publication on the Website, a statement on the effectiveness of the issue of the Financial Instruments being the subject of the Offer and on taking up the Financial Instruments by Investors or on the completion of another type of financing process.

19. The provision of subparagraph 18 or any other provision of the Rules hereof may not limit or restrict the interpretation of other legal and contractual conditions that may result from the law or from agreements such as the Internet Service Operator's agreement with the Company or from contracts whose party is a bank or other institution involved in the process of making payments by Investors, the fulfillment of which may be the condition for obtaining by the Company of an unlimited right to dispose of funds acquired within the process of financing the Project.

§ 12. CONDITIONS CONCERNING THE IMPLEMENTATION OF FINANCING. GENERAL PROVISIONS FOR ALL FORMS OF FINANCING

1. The Investor is entitled to grant financing to any Project of the Company presented on the Website.

2. The Company is entitled to raise funds under the terms set out in these Rules and in accordance with applicable law.

3. The Investor's performance of the monetary obligation under a liability arising between the Investor and the Company shall be executed with the participation of Krajowa Izba Rozliczeniowa Spółka Akcyjna (the National Clearing House Joint Stock Company) with its registered office in Warsaw at 65 Cavalry Captain Witold Pilecki St., 02-781 Warsaw, entered into the register of entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw, 12th Commercial Department of the National Court Register, under KRS number 0000113064.

4. The Internet Service Operator in relation to Investors and Companies provides exclusively the services indicated in Art. 6.10 of the Act on Payment Services, that is technical services supporting the provision of payment services and does not hold the funds being the subject of a payment transaction.

5. Investors granting the financing for the Project implemented by the Company, shall transfer the cash to the Company in PLN or EUR currency with the use of technical and organizational solutions provided by Krajowa Izba Rozliczeniową S.A.

6. Collection of funds within the financing process of the Project is performed through electronic distance payments made with the use of infrastructure of Krajowa Izba Rozliczeniową S.A. directly to the Company by transferring funds to a trust or escrow account of the Company.

7. Unless an escrow account agreement is concluded, the Company is required to conclude with the Investor the contract for entrusting funds (a trusteeship agreement) bearing a certified date and a time stamp (Art. 81.2 point 3 of the Civil Code), under which the Investor will entrust his cash to the Company. The qualified time stamp is issued using the cryptographic methods of Krajowa Izba Rozliczeniowa S.A. If, during the payment process, due to technical reasons, a trusteeship agreement is not granted a qualified time stamp, the agreement will be considered void and the funds will be returned to the Investor's account. Apart from specific cases in which a trusteeship agreement may be concluded in the form of a document, the agreement is concluded in a documentary form within the meaning of the Civil Code.

8. In accordance with subparagraphs 4 and 5 in the process of transferring cash, which is carried out as part of activities related to the Investor's performance of the monetary obligation under a liability arising between the Investor and the Company or in connection with the reimbursement by the Company of funds provided by the Investor to the Project, the Internet Service Operator does not collect funds at any time on his own bank account or on any payment account maintained by him or for him by the payment service provider.

9. To ensure a proper management of the Website, the Internet Service Operator is able to obtain information about the balance of the Company’s trust or escrow account, using a client application that allows only passive access to such information, made available by the bank keeping the account.

10. Upon completion of the Offer, the Company is obliged to take any actions that are or will prove necessary to transfer Financial Instruments or membership interests in the Company or other instruments (means) for financing to the Investor, in particular to submit appropriate declarations of will and conclude an agreement with the Investor providing for taking up the membership interests or shares in the share capital of the Company (unless such agreements have been concluded in the course of making the subscription by the Investor), as well as to perform the actions related to effective registration of the share capital increase or change of the Company’s deed of incorporation.

11. Failure to register the share capital increase or change of the Company’s deed of incorporation with the court within the time limit referred to in Art. 431.4 (in the case of a joint-stock company) or Art. 256.3 read with Art. 169 (in the case of a limited liability company) of the Commercial Companies Code gives a rise to the obligation to reimburse the contributions made by the Investors to the Company's Project.

12. In the case of any situation specified in the Rules, the consequence of which is the necessity to reimburse the contributions made by the Investors to the Company's Project, the cost of such reimbursement in the amount specified in the agreement concluded between the Investor and the Company shall be borne by the Investor.

§ 13. CONDITIONS FOR FINANCING THE PROJECTS THROUGH THE ISSUE OF FINANCIAL INSTRUMENTS

1. The Company may have at its disposal the financial resources obtained in the course of the Offer of Financial Instruments after this Offer has been deemed to be successful and:

1) in the case of public companies - after registration of the share capital increase with the National Court Register;

2) in the case of non-public companies - after registration of the share capital increase with the National Court Register, and in the case of registered shares, after the entry into the share book kept by the Company's management board,

3) in the case of companies issuing debt Financial Instruments - after the dematerialization of these Instruments in connection with their introduction to organized trading, or after submitting to the relevant entity keeping the register of bond holders, or after the release of bond documents in accordance with the Act on Bonds.

2. Providing financing for a given Project should be understood as subscribing for Financial Instruments being the subject of the Company’s Offer and executing the payment for this subscription by the Investor in the amount corresponding to the product of the number of subscribed shares and issue price of one share.

3. In the case of granting financing for the Project, which provides for the issue of shares, the subscription shall be filed by the Investor with the Company. The subscription for Financial Instruments being the subject of the Offer is submitted by filling in an electronic form prepared by the Company and available in the Company's Internet Section. The form is filled in by the Investor in two copies - one copy is for the Investor as a subscriber and the other for the Company as an issuer. The printout of the signed electronic subscription form, containing information about the paid subscription, is sent by post to the address of the Company's registered office until the day indicated in the Offering Document. The subscription is validly submitted after confirming the entry in the electronic entry form, making the transfer of funds in accordance with the procedure referred to in § 12 and after submitting the original of the subscription form to the registered office of the Company.

4. The Company may set a minimum amount of financing that is to be granted to the Project by one Investor as a value being a multiple of the issue price of one share.

5. The principle of primacy in terms of submitted subscriptions and payments made in accordance with the procedure referred to in § 12 determines the order and effectiveness of the subscriptions submitted by Investors.

6. The Investor's subscription for the Financial Instruments being the subject of the Company's Offer may be preceded by the conclusion of an investment agreement. The investment agreement is concluded only between the Company and the Investor. The Internet Service Operator is not a party to the investment agreement and is not responsible for actions or omissions of the parties to this agreement, while the manner of its conclusion is not regulated by the Rules hereof.

7. Confirmation of submitting a subscription for Financial Instruments being the subject of the Company's Offer shall be sent to the Investor via e-mail to address indicated during the registration.

8. The rules regarding the allocation of Financial Instruments being the subject of the Company's Offer should be defined in detail and clearly in the Offering Document, Information Document or Information Memorandum, provided that both the content and purpose of these principles cannot be contrary to the rules of social conduct and the nature of the legal relationship arising from the share subscription agreement.

9. The date of the implementation by the Company of its obligation to release Financial Instruments should be specified in the Offering Document, Information Document or Information Memorandum.

10. If the Company, after the deadline for subscribing for the Financial Instruments being the subject of its Offer, publishes an annex to the documents disclosed in the Company’s Section in connection with the processed Financial Instruments issue, the Investor may evade the legal effects of the submitted subscription.

11. The right to evade the legal effects of the submitted subscription may be executed provided that an annex is published in connection with significant errors in the content of documents disclosed in the Company's Section or in connection with factors that may affect the price of Financial Instruments, about which the Company became aware of after the deadline for submitting subscriptions for Financial Instruments being the subject of its Offer.

12. Evading the legal effects of the submitted subscription shall be executed through a statement sent via email to the Company's address, within 2 working days from the date of publishing the annex on the Website.

13. In the case referred to in subparagraph 11 the amount paid by the Investor in the execution of the subscription for Financial Instruments being the subject of the Company's Offer shall be reimbursed.

14. In the event of discontinuation of the Company's Offer on the basis of the Company's decision, and also in the case that the issue is ineffective, the Offer is canceled, and the amounts paid by Investors in the execution of submitted subscriptions are subject to reimbursement.

15. In the cases referred to in subparagraphs 13 and 14, the reimbursement of funds paid by the Investors to the Company in connection with financing granted for the implementation of the Project, understood as recognition of funds on the Investor's account, is made using technical and organizational solutions provided by Krajowa Izba Rozliczeniowa S.A.

§ 14. CONDITIONS CONCERNING THE IMPLEMENTATION OF PROJECTS THROUGH THE INCREASE OF THE SHARE CAPITAL OF THE LIMITED LIABILITY COMPANY AND THE RULES OF GRANTING FINANCING FOR THESE PROJECTS

1. Apart from the definitions included in § 2 of these Rules, the following additional definitions are introduced in relation to the conditions for the implementation of Projects by Limited Liability Companies and the rules for granting financing for these Projects:

1) Offer to take up Membership Interests - the whole of operations involved in obtaining financing for the Project implemented by the Company by ensuring potential Investors a possibility to acquire its Membership Interests;

2) Membership Interests – membership interests in the share capital of a limited liability company created for the purpose of being taken up by Investors.

2. The provisions of § 11 of the Rules hereof shall apply to the acceptance of the Projects of limited liability companies, the scope of documentation required and the rules regarding the presentation of Projects on the Website.

3. The process of obtaining financing by a limited liability company takes place through the creation of new Membership Interests by way of increasing the Company's share capital and taking up these Membership Interests by Investors.

4. Investors make payments for the Company's Membership Interests directly to a trust or escrow account of the Company using technical and organizational solutions provided by Krajowa Izba Rozliczeniowa S.A. referred to in § 12 of the Rules hereof. Upon making a payment, the Investor concludes an agreement on entrusting the funds to the Company.

5. The Company obtains full possibility to dispose of funds from payments made by Investors for the Company's Membership Interests after:

1) the number of Membership Interests indicated by the Company in the Offering Document is paid by Investors,

2) submitting by the Company to the Internet Service Operator in an electronic form to the address: support@eemarketplace.com or in a paper form to the address of the registered office of the Internet Service Operator, of a notarial deed containing the minutes of the shareholders' meeting at which a resolution regarding the increase of the share capital of the Company was adopted by way of new shares issue,

3) submitting by the Investor of a statement on joining the Company and taking up Membership Interests in the Company, and

4) meeting other conditions specified in the agreements with the bank operating a trust or escrow account of the Company.

6. In the event of completion of activities related to rising funds by a limited liability company, when at the same time, until completion of these activities the number of shares indicated by the Company in the Offering Document has been paid up, within 7 business days from the day of fulfillment of the last of the conditions referred to in subparagraph 5 above, the Investor submits to the Company a declaration on joining the Company and taking up the paid Membership Interests in the number corresponding to the number of subscriptions paid up by the Investors.

7. Within 7 days from the date of adopting a resolution on increasing the share capital and taking up the Membership Interests by the Investors or by a Transfer Agent, the Company's authorities are obliged to submit an application to change the data to the National Court Register in order to register the share capital increase. After receiving the registration court's decision in terms of registration of the capital increase, the Internet Service Operator shall submit the relevant information in this respect to all Investors, enclosing a scan of the court's decision.

8. If financing process is deemed ineffective, the Company is obliged to reimburse Investors the payments made for the Membership Interests in accordance with the terms and conditions set out in the agreements with the bank operating the Company’s trust or escrow account.

9. In matters not covered by the provisions of this paragraph, the provisions regarding the process of subscription and execution of payments for subscribed Financial Instruments referred to in § § 12 and 13 shall apply accordingly.

§ 15. FINANCING PROCESS OF ANOTHER TYPE THAN THROUGH THE ISSUE OF FINANCIAL INSTRUMENTS OR INCREASE OF THE SHARE CAPITAL OF THE LIMITED LIABILITY COMPANY

The provisions of § 12-14 apply to the financing process not involving either the issue of financial instruments or increasing the share capital of a limited liability company, except that in case of doubt, the application is appropriate. Other or specific conditions for participation in the financing of the Project are reflected in the agreement concluded between the Internet Service Operator and the Company, the provisions of which specifying the rules for participation in the Project by the Investors and their related rights are published by the Company in the Company’s Internet Section dedicated to a given Project.

§ 15. INVESTMENT RISK

1. The Investor acknowledges that each Project is subject to the market risks and rights, which should be taken into account when making investment decisions, in particular, each Project may bring a profit lower than assumed or determined by the Company, and in extreme cases, the investment objectives set by the Investor may not be realized or even a part or all of the capital invested by the Investor may be lost.

2. The Internet Service Operator selects Companies and Projects based on an accurate quality assessment of individual ventures in order to verify the legitimacy of the basic business concepts and confirm their investment attractiveness, however, the Operator does not bear any responsibility for the success of the Projects, as well as for the activities and development perspectives of the Companies implementing the Projects. Also, the Internet Service Operator is not an entity obliged to provide compensation to Investors in the event of damages incurred in connection with the Project's implementation or joining the Company implementing the Project as a result of taking up its Membership Interests.

3. The company being the Project Provider is solely responsible for the content of materials and documents related to the Project made available through the Internet Service. At the same time, the Company is an entity that guarantees compliance of this information with the actual and legal status.

4. Withdrawing from the Project after taking up shares in the Company implementing the Project, in particular through the sale of these shares, may be difficult due to the possible lack of liquidity of these shares on the market.

§ 16. RULES ON COMMUNICATION AND OBLIGATIONS OF THE COMPANIES UNDER INVESTOR RELATIONS

1. As from the day of commencement of subscription for Financial Instruments or other instruments for obtaining financing that are the subject of the Offer, the Company is obliged to publish current and periodic information in the Internet area that it manages and which is intended for the presentation of the Project.

2. In the form of a current report, the Company shall provide information on significant events, concluded agreements and transactions that have occurred since the date of commencement of subscription for Financial Instruments or other instruments (means) for obtaining financing that are the subject of the Offer.

3. In the form of periodic reports, the Company shall provide quarterly and annual reports, containing financial statements prepared for the relevant periods, subject to the reservation that in the case of public companies such information should be disclosed in the first place in accordance with the laws applicable to the Company and through appropriate information systems.

4. Current and periodic information referred to in subparagraphs 2 and 3, should:

1) contain information reflecting the specificity of the described situation in a true, reliable and complete manner,

2) be prepared in a manner allowing investors to assess the impact of the disclosed information on the economic, property and financial situation of the issuer or on the valuation of the Offered Financial Instruments or other instruments (means) for obtaining financing.

5. The obligation to provide current and periodic information referred to in subparagraphs 2 and 3, ceases upon the expiry of a period of 12 months from the date of notification by the Company of the effectiveness of the issue of Financial Instruments or other instruments (means) for obtaining financing and their allocation or transfer to Investors, unless within 36 months of this the event the Company plans apply to the Internet Service Operator to qualify the next Project for financing process.

6. Current and periodic information referred to in subparagraphs 2 and 3 are disclosed in Polish or in English or in both language versions. Before the day of commencement of subscription for Financial Instruments or other instruments (means) for obtaining financing that are the subject of the Company's Offer, the Company is required to provide information regarding the language of publication of current and periodic information on the Website.

7. Information regarding the language selection is published in the Company’s Section as the Company's first current information. Any change in the choice of the language of published information requires the Company to submit a relevant current report, indicating, among others the day as from which the language of published information will be changed.

8. Detailed terms and procedures for conducting the investor relations by the Company are set out in an agreement between the Company and the Internet Service Operator.

§ 17. CHANGE OF THE RULES

1. The Internet Service Operator reserves the right to make changes to the Rules and annexes being an integral part of these Rules in the event of an important cause, including in particular such as:

1) change in the generally applicable laws that affect the provision of Services by the Internet Service Operator,

2) extending the scope of Services offered by the Internet Service Operator,

3) change of technical or technological solutions used by the Internet Service Operator.

2. The Internet Service Operator is obliged to notify Users about the planned amendments to the Rules and to make the content of the new Rules available on the Website at least 7 (seven) days prior to the entry into force of amendments to the Rules.

4. Notification of Users about the planned amendments to the Rules takes place through an announcement posted on the Website (for all Website Users) and by sending a proper notification by e-mail to the e-mail addresses indicated by Users in the registration process.

§ 18. FINAL PROVISIONS

1. In matters not covered by the Rules hereof, the relevant provisions of Polish law shall apply, in particular the provisions of the Civil Code, the Act on Providing Services by Electronic Means and the Commercial Companies Code, unless the mandatory provisions of law provide for another law jurisdiction.

2. The court of jurisdiction for resolving disputes arising from the use of the Internet Service by the Users is the court that has jurisdiction in the place of business of the Internet Service Operator. The above does not apply to disputes in which the jurisdiction of the court is governed by mandatory legal provisions.

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Annex No 1 to the Rules of the Capital Financing System and the Emerging Europe Marketplace Internet Service

Privacy Policy

of the Capital Financing System
and the Emerging Europe Marketplace
Internet Service
www.eemarketplace.com

§ 1. General Provisions

1. The document hereof describes the rules for the processing and protection of personal data of Users in connection with the use of Internet Service available at www.eemarketplace.com.

2. To the extent that it does not follow from a direct description in this Privacy Policy, the definitions set out in the Rules apply for the interpretation of terms.

3. Respecting the right to the privacy of Users of the Internet Service and taking care of the proper protection of their personal data, the Internet Service Operator applies appropriate organizational and technical solutions, and takes all necessary measures set out in applicable laws, in particular in the provisions of:

1) Regulation on the Protection of Personal Data - Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation);

2) Act of 10 May 2018 on the protection of personal data(Journal of Laws of 2018, item 1000),

3) Act of 18 July 2002 on Providing Services by Electronic Means (Journal of Laws of 2002, no. 144, item 1204),

4) Act of 16 July 2004 - Telecommunications Law (Journal of Laws 2004 no. 171, item 1800).

4. Data security while using the and browsing the Website is ensured by a Secure Sockets Layer protocol that guarantees the confidentiality of data transmission over the Internet, as well as the integrity of this data, which means that this data remains unchanged during transmission.

5. The provisions of this Privacy Policy apply to Users and Registered Users of the Internet Service.

§ 2. Personal Data Administrator and personal data processing

1. The Administrator of Personal Data and the entity deciding on the purposes and methods of data processing is a company under the business name of Emerging Europe Marketplace Spółka z ograniczoną odpowiedzialnością (Limited Liability Company; hereinafter the Internet Service Operator) with its registered office in Warsaw at 17 Adama Branickego St., 02-972 Warsaw, entered into the register of entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw, 13th Commercial Department of the National Court Register, under KRS number 0000754584, and NIP (Taxpayer Identification Number) number 9512471730.

2. In connection with the use of the Internet Service by the User, the Internet Service Operator as the Personal Data Administrator stores the “http” queries directed to the server, while the browsed resources are identified by URL addresses. Data obtained in this manner are not used to verify the identity of persons browsing the Website.

3. In connection with the use of the Internet Service by a Registered User, the Internet Service Operator as the Personal Data Administrator stores the data specified in Chapter II, § 5 of the Rules which was provided to the Internet Service Operator during the User's registration on the Website.

4. Provision of data referred to in subparagraph 3 is voluntary and at the same time necessary to use the Internet Service in terms of functionality that requires the access to such data. A Registered User has the right to access his data, correct and update this data at any time.

5. The Personal Data Administrator undertakes to exercise due diligence in order to adequately secure the personal data provided, in particular against making it available to unauthorized persons, being taken away by an unauthorized person, processing in violation of applicable law and changing, loss, damage or destruction.

6. Personal data is processed by the Personal Data Administrator only for the purposes related to the correct performance of the Services referred to in the Rules and to the extent resulting from the consent given by the User.

7. Users' personal data is stored for a period of time corresponding to the life cycle of “cookie” files stored on their devices. Details relating to the manner of using “cookie” files by the Personal Data Administrator are presented in § 3 of this Privacy Policy.

8. Personal data of Registered Users is stored throughout a period during which a given User has an active Account in the Internet Service or for the period necessary to terminate business cooperation. The Personal Data Administrator reserves the right to store data after the User deletes the Account in the Internet Service or after the business cooperation is terminated for the purposes of redress or if national, EU or international laws oblige the Personal Data Administrator to retain such data.

9. The Personal Data Administrator does not make personal data available to other entities than entities authorized under the applicable law.

10. The Personal Data Administrator may be obliged to disclose information about the User to third parties in the event that disclosure of such information is required by law, in particular at the request of competent state authorities.

11. The basis for the processing of personal data by the Personal Data Administrator is an appropriate consent granted by Users, as well as the conditions laid down in the General Data Protection Regulation. The Personal Data Administrator processes personal data of Users in order to:

1) enable the use of the functionality of the Internet Service by Users,

2) provide Services referred to in the Rules,

3) perform subscriptions to free electronic newsletters and for the purposes of direct marketing.

12. Each User has the right to request access to his personal data, rectification of this data, deletion, restriction in terms of processing and transfer of such data, subject to the terms and conditions of the applicable law.

13. Each User has the right to lodge a complaint with the supervisory body, object to the processing of his personal data and withdraw his consent at any time without affecting the legality of the processing, which was made on the basis of a consent before its withdrawal.

14. Inquiries related to the processing of personal data by the Personal Data Administrator shall be sent via email to the email address of the Internet Service Operator at support@eemarketplcace.com.

§ 3. „Cookie” files

1. The Personal Data Administrator does not automatically collect any information, except for information contained in “cookie” files, which within the meaning of Art. 173 of the Act of 16 July 2004 - Telecommunications Law, are text files and are stored in the User's end device as IT data.

2. “Cookie” files usually indicate the name of the website they come from, the time they are stored on the end device and a unique IP number.

3. „Cookie” files are used by the Personal Data Administrator for the purpose of:

1) managing the Internet Service, including undertaking actions aimed at facilitating the User's use of the Service while browsing it and improving the structure and content of the Internet Service,

2) identifying possible security threats.

4. The Personal Data Administrator uses the following types of „cookie” files:

1) “session” - they are stored on the User's end device until logging out, leaving the website or closing the web browser;

2) „permanent” - stored on the User's end device for the time specified in the “cookie” file parameters or until they are deleted by the User;

3) “performance” - allow to collect information about the manner the Internet Service sites are used;

4) “strictly necessary” - enabling the use of services available within the Internet Service;

5) „functional” – allowing the User to save his settings and personalize User’s interface;

6) „own” – placed by the Internet Service Operator;

7) „external” - from external websites.

5. Data from “cookie” files is not connected in any way with personal data of the User and is not used to determine his identity. The scope of information collected automatically with the use of “cookie” files depends on the User's web browser’s settings. The User may at any time disable or restore the option of collecting “cookie” files by changing the settings in the used web browser.

6. Disabling “cookie” files necessary for authentication processes, security or maintaining the User's preferences may hinder or make the use of the Service impossible.

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