TERMS AND CONDITIONS OF USE OF THE VERIFIK APPLICATION SERVICES.

TERMS AND CONDITIONS OF THE "VERIFIK" SERVICE

Welcome to Verifik!

By registering as a User, by clicking on the "I accept terms of use", "create account" or other similar link, by accessing or using our Services, and/or by electronically and expressly accepting these Terms and Conditions, you represent that you accept and consent to these Terms and Conditions.

Additionally, by performing any of the aforementioned activities, you declare that you have the legal capacity and the necessary powers to accept these Terms and Conditions, either because you access the Services on your own behalf, on behalf of and in representation of a legal entity or third party, and in this way, you declare that you are authorized to acquire the rights and obligations set forth herein.

1. What is Verifik?

Verifik LLC (and its affiliated, reseller, associated, related companies, etc., such as Say Shannon Colombia SAS) is a company incorporated under the laws of Wyoming with address 30 N Gould St, Ste 30338, Sheridan, WY 82801 USA (hereinafter, "Verifik"). Verifik provides Software as a Service, which makes available to its Users a technology platform called "Verifik" (hereinafter "the Platform"), which allows them to advance the verification of identity of third parties through various features such as: i) verification of identity document; ii) optical recognition of documents; iii) consultation and validation of public data; among others. Verifik may add more services, or remove existing ones, and will inform Users of this through the Platform. All Services are subject to availability standards, listed in these Terms and Conditions.

2. Definitions

The following definitions shall be used to interpret these Terms and Conditions:

a. API: refers to the Platform programming interface provided by Verifik as part of the Services and allows Verifik to integrate with other applications or programs.

b. User Application: is any type of technological development that the User makes available to its End User, development that interacts with the Verifik Platform Services through the APIs.

c. Balance or Positive Balance: is when the User has available and current Credits in its User account on the Platform.

d. Contract: means the agreement containing these Terms and Conditions through which the User contracts the Verifik Services.

e. Credits: means those digital assets that the User purchases through the Platform to access the various features of the platform. Credits will be valid from one (1) month to twelve (12) months depending on the plan purchased, automatically expire and may not be used to access the Platform Services.

f. Maintenance: is understood as those activities that Verifik requires to ensure the operation of the Platform, understood as the modification or repair of API infrastructure or other components of the Platform, whether scheduled or emergency, which refers to unplanned critical maintenance for the security and performance of the Platform configuration, without which the standards of the Services would not be met.

g. Fee : is the amount that the User will pay Verifik for accessing the Services. Each Service may have its own Fee which will be published on the Platform. The Fees may vary at Verifik's discretion, the change will apply 30 days after Verifik's notice to the User.

h. Parties : means jointly Verifik and the User.