Terms of Service

1. Agreement to Terms

These Terms of Service ("Terms") constitute a legally binding agreement between you and OAR Technologies Inc. ("Company," "we," "our," or "us") governing your access to and use of the Loop mobile application and website (collectively, the "Service").

By creating an account, accessing, or using the Service, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, do not use the Service.

2. Eligibility

To use the Service, you must:

• Be at least 18 years of age (or the age of majority in your jurisdiction)
• Have the legal capacity to enter into a binding agreement
• Not be prohibited from using the Service under applicable law
• Provide accurate and complete registration information

By using the Service, you represent and warrant that you meet all eligibility requirements.

3. Account Registration and Security

To access certain features, you must create an account. When you create an account, you agree to:

• Provide accurate, current, and complete information
• Maintain and promptly update your account information
• Maintain the security and confidentiality of your login credentials
• Accept responsibility for all activities that occur under your account
• Notify us immediately of any unauthorized access or use of your account

We reserve the right to suspend or terminate accounts that contain inaccurate information or that we reasonably believe have been compromised.

4. The Loop Rewards Program

4.1 Earning Rewards

Loop allows you to earn rewards ("Cred") when you make purchases at participating merchants. Reward rates are determined by each participating merchant and may vary. Rewards are credited to your account after a qualifying purchase is verified.

4.2 Stacking and Yield

You may choose to "stack" your Cred to earn yield. Yield rates are variable and determined by market conditions and program parameters. We do not guarantee any specific yield rate. Past performance does not guarantee future results.

4.3 Reward Value

Cred has no cash value outside the Loop ecosystem. Cred cannot be transferred to other users, exchanged for cash, or redeemed except as expressly permitted by the Service. We reserve the right to modify reward values, earning rates, and redemption options at any time.

4.4 Expiration and Forfeiture

Cred does not expire while your account remains active and in good standing. However, Cred may be forfeited if: (a) your account is terminated for violation of these Terms; (b) your account remains inactive for 24 consecutive months; or (c) rewards were earned through fraudulent activity.

5. Acceptable Use

You agree not to:

• Use the Service for any illegal purpose or in violation of any laws
• Engage in fraud, including making false purchases or claims to earn rewards
• Create multiple accounts to abuse the rewards program
• Attempt to manipulate or game the rewards system
• Interfere with or disrupt the Service or servers
• Attempt to gain unauthorized access to any part of the Service
• Use automated systems, bots, or scrapers to access the Service
• Reverse engineer, decompile, or disassemble any part of the Service
• Impersonate any person or entity or misrepresent your affiliation
• Harass, abuse, or harm other users or our personnel
• Transmit viruses, malware, or other harmful code

6. Intellectual Property

The Service and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, and the design, selection, and arrangement thereof) are owned by the Company, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property laws.

"Loop," "Cred," the Loop logo, and related marks are trademarks of OAR Technologies Inc. You may not use these marks without our prior written permission.

7. Third-Party Services and Merchants

The Service involves transactions with third-party merchants. We are not responsible for the products, services, or practices of participating merchants. Your interactions with merchants, including purchases and disputes, are solely between you and the merchant. We do not guarantee merchant participation or the availability of any specific rewards.

8. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

We do not warrant that the Service will be uninterrupted, error-free, secure, or free of viruses or other harmful components. We do not warrant the accuracy or completeness of any information provided through the Service.

CRED AND REWARDS ARE NOT DEPOSITS AND ARE NOT INSURED BY THE FDIC OR ANY GOVERNMENT AGENCY. PARTICIPATION IN THE REWARDS PROGRAM INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF VALUE.

9. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE COMPANY, ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, USE, OR GOODWILL, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SERVICE.

IN NO EVENT SHALL OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED DOLLARS ($100).

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

10. Indemnification

You agree to indemnify, defend, and hold harmless the Company and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with: (a) your use of the Service; (b) your violation of these Terms; (c) your violation of any rights of another party; or (d) your violation of any applicable law.

11. Dispute Resolution and Arbitration

11.1 Informal Resolution

Before filing a claim, you agree to attempt to resolve any dispute informally by contacting us at legal@looplocal.io. We will attempt to resolve the dispute within 30 days.

11.2 Binding Arbitration

If informal resolution is unsuccessful, any dispute, claim, or controversy arising out of or relating to these Terms or the Service shall be resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules. The arbitration will be conducted in the English language in Florida, unless you and we agree otherwise.

11.3 Class Action Waiver

YOU AND THE COMPANY AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

11.4 Exceptions

Notwithstanding the above, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to protect its intellectual property rights.

12. Termination

We may suspend or terminate your access to the Service at any time, with or without cause or notice, including if we reasonably believe you have violated these Terms. You may terminate your account at any time by contacting us or using the account deletion feature in the app.

Upon termination: (a) your right to use the Service immediately ceases; (b) any Cred in your account may be forfeited if termination is due to your violation of these Terms; and (c) provisions that by their nature should survive termination will survive.

13. Governing Law

These Terms and your use of the Service shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of law principles. For any disputes not subject to arbitration, you agree to submit to the exclusive jurisdiction of the state and federal courts located in Florida.

14. Changes to Terms

We reserve the right to modify these Terms at any time. If we make material changes, we will notify you by posting the updated Terms with a new "Last updated" date and, where appropriate, notifying you via email or in-app notification.

Your continued use of the Service after changes become effective constitutes your acceptance of the revised Terms. If you do not agree to the changes, you must stop using the Service and delete your account.

15. General Provisions

• Entire Agreement: These Terms, together with the Privacy Policy, constitute the entire agreement between you and the Company regarding the Service.
• Severability: If any provision of these Terms is held invalid or unenforceable, the remaining provisions will continue in full force and effect.
• Waiver: Our failure to enforce any right or provision of these Terms will not be deemed a waiver of such right or provision.
• Assignment: You may not assign or transfer these Terms without our prior written consent. We may assign our rights and obligations without restriction.
• Force Majeure: We shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control.

16. Contact Us

If you have questions about these Terms of Service, please contact us: