Project Heirloom, Inc.

Last Updated: May 3, 2023

Heirloom is an online service that allows users to create, store, and transmit blockchain-based assets, including, without limitation, verified credentials and decentralized identifiers (the “Service”). Project Heirloom, Inc. (“Heirloom”, “we”, or “us”) makes the Service available to you. Before you use the Service, however, you will need to agree to these Terms of Use and any terms and conditions incorporated herein by reference (collectively, these “Terms”).

YOUR USE OF THE SERVICE IN ANY WAY MEANS THAT YOU AGREE TO ALL OF THESE TERMS, AND THESE TERMS WILL REMAIN IN EFFECT WHILE YOU USE THE SERVICE. THESE TERMS INCLUDE THE PROVISIONS IN THIS DOCUMENT AS WELL AS THOSE IN THE PRIVACY POLICY AND ANY OTHER RELEVANT POLICIES. YOUR USE OF OR PARTICIPATION IN CERTAIN SERVICES MAY ALSO BE SUBJECT TO ADDITIONAL POLICIES, RULES, AND/OR CONDITIONS (“ADDITIONAL TERMS”), WHICH ARE INCORPORATED HEREIN BY REFERENCE, AND YOU UNDERSTAND AND AGREE THAT BY USING OR PARTICIPATING IN ANY SUCH SERVICE, YOU AGREE TO ALSO COMPLY WITH THESE ADDITIONAL TERMS. IF YOU ARE ACCEPTING THESE TERMS ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, YOU REPRESENT THAT YOU HAVE THE LEGAL AUTHORITY TO ACCEPT THESE TERMS ON THAT ENTITY’S BEHALF, IN WHICH CASE “YOU” WILL MEAN THAT ENTITY. IF YOU DO NOT HAVE SUCH AUTHORITY, OR IF YOU DO NOT ACCEPT ALL OF THESE TERMS, THEN WE ARE UNWILLING TO MAKE THE SERVICE AVAILABLE TO YOU. IF YOU DO NOT AGREE TO THESE TERMS, YOU MAY NOT ACCESS OR USE THE SERVICE.

ARBITRATION NOTICE AND CLASS ACTION WAIVER: EXCEPT FOR CERTAIN TYPES OF DISPUTES DESCRIBED IN THE ARBITRATION AGREEMENT SECTION BELOW, YOU AGREE THAT DISPUTES BETWEEN YOU AND US WILL BE RESOLVED BY BINDING, INDIVIDUAL ARBITRATION, AND YOU WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.

Terms of Use Table of Contents

Any changes to these Terms will be in effect as of the “Last Updated” date referred to at the top of this page. You should review these Terms before using the Service.

Your continued use of the Service after the “Last Updated” date will constitute your acceptance of and agreement to such changes. When we make material updates to the Terms, we will attempt to notify you via the contact methods you’ve specified as part of your account creation.

You may not use the Service if you: (a) do not agree to these Terms; (b) are not of the age of majority in your jurisdiction of residence and do not have your legal guardian’s written permission to use the Service; or (c) are prohibited from accessing or using the Service or any of the Service’s contents, products or Service by applicable law.

By using the Service, you affirm that you are of legal age (as specified below) to enter into these Terms. You affirm that if you are using the service on behalf of an organization or company, you have the legal authority to bind any such organization or company to these Terms.

1. How the Service Works

The Service provides a suite of tools designed to help you create, store, and transmit blockchain-based assets. Among other things, Heirloom works together with its credential-granting partners (each a “Credential Issuing Partner”) to create blockchain-based digital assets reflecting certain credentials you may have been awarded from time to time, such as a university degree, proof of an insurance policy, a receipt for a charitable donation, or a license you’ve been granted to perform a certain activity (each a “Credential”).

YOUR CREDENTIALS ARE PERSONAL TO YOU. Credentials reflect your own personal achievements, records, and authorizations, and are not intended to be assigned, conveyed, sold, licensed, or otherwise transferred to anyone else. Accordingly, you may not assign, convey, sell, license, or otherwise transfer any of your right, title, or interest in or to such Credentials to any third-party without the prior written consent of both Heirloom and the applicable Credential Issuing Partner. Any attempt to assign, convey, sell, license, or otherwise transfer any such right, title, or interest in or to such Credentials without such consent is void and ineffective.

While your account is active and in good standing, we will use reasonable efforts to make the Service and its features and functionalities reasonably available to you.

2. Account Setup and Security

2.1. Set-Up. In order to use the Service, you need a web browser (such as the Google Chrome web browser) or our mobile application. Once a Credential is made available to you, you will be notified by the Credential Issuing Partner with further instructions for account setup.