These Terms of Use including the Privacy Policy M1xchange Privacy Policy govern the use of the website of M1 (www.m1xchange.com) (“Website”) and the services(“Services”) provided on the Website. The Company kindly requests that all users read the following terms and conditions carefully. By using the Website including but not limited to accessing or visiting or browsing the Website, you (“Visitor/User/Member”) indicate your acceptance to these Terms of Use and agree to abide by them. The Terms of Use constitute a legal agreement between you, as the user of the Website and us, the owner of the Website. If you do not agree to these Terms of Use, please refrain from using this Website.

The Terms of Use shall be considered as part of any agreement (Master Agreement), the reference to which shall be made in that agreement and shall be read along with the terms and conditions of that agreement. In the event of conflict between the terms of such agreement and the Terms of Use, the terms of such agreement will prevail and govern so long as they relate to matters specifically referenced herein and this Terms of Use will apply with respect to all other matters.

Company draws the attention of User to the following ‘Terms of Use’:

1. Information about us and the M1 platform

1.1. The Website is owned and operated by Mynd Solutions Private Limited (“we/us/our”). We have been incorporated under the Companies Act, 1956 under CIN U74140DL2002PTC114073 having its registered office at F-83 East of Kailash ,New Delhi110065 India.

1.2. M1’s Trade Receivables Discounting System “TReDS” is an online exchange that has been set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a pan-India basis. The key participants will be the Micro, Small & Medium Enterprises “MSME” (“Supplier”), large corporates including public sector undertakings and government departments (“Buyer”) and banks/Non-Banking Financial Companies (“Financier”). M1 shall provide an electronic platform to facilitate MSMEs supply chain related finance at competitive rates through an open bid process through multiple Financiers.

2. Registration and Access to the Website

2.1. If you are interested to use our Website and/or other services, in order to have full functionality of the Website, you will have to sign a Master Agreement with us to become a ‘Buyer’ or ‘Seller’ or ‘Financier’ (Member) on the M1 Website. In case of a conflict between the Terms of Use and the specific conditions governing stated under the relevant Master Agreement, the specific conditions of relevant Master Agreement shall prevail

2.2. The User of this website acknowledges that he/she has the skill and resources necessary to gain access to this website and use it. In case, accessing on behalf of the entity, necessary authorization from such entity to abide by the Terms of Use.

2.3. You represent that all the information provided by you is true, correct and accurate and you shall inform us of any change/ amendment in such information from time to time. In addition, in case, you are using this website on behalf of the entity, you agree to keep us updated of any change/amendment in such authorization from such entity.

2.4. Upon completion of your registration process with M1 and upon reasonable satisfaction of our understanding of your engagement with us, an authentication link to the email ID specified by you shall be provided. That authentication link will be accompanied by a unique username and password that will allow you to login to our system/website.

2.5. You agree not to provide your username and password information to any other person.

2.6. You agree to keep your password secure. You agree to immediately notify us of any unauthorised use of your password or any other breach of security.

2.7. You shall not host, display, upload, modify, publish, transmit, update or share any information that: (i) belongs to another person and to which you do not have any right to; (ii) is grossly harmful, harassing, libelous, invasive of another’s privacy, hateful or racially, ethnically objectionable, disparaging, relating or encouraging money laundering or gambling, otherwise unlawful in any manner whatsoever; (iii) harms minors in any way; (iv) infringes any patent trademark, copyright or other proprietary rights; (v) violates any law for the time being in force; (vi) deceives or misleads the addressee about the origin of such messages or communicates any information which is grossly offensive or menacing in nature; (vii) impersonates another person; (viii) threatens the unity, integrity, defence, security or sovereignty of India, friendly relations with friendly states, or public order or causes incitement to the commission of any cognizable offence or prevents investigation of any offence or is insulting any other nation; (ix) represents fraudulent, false or misleading information/documents

2.8. You agree and understand that you shall not sell your access to the Website. You shall not transmit any unnecessary information or unwanted electronic communication viz. spam to other Buyers/Suppliers/Financiers of the Website as the case maybe. You will not misuse your right to the Website by introducing viruses, trojans, worms or other material likely to cause harm to the Website. You shall further not gain any unauthorised access to the Website or on any other source to our Website.

3. Intellectual Property Rights

3.1. When you visit our Website, we give you a limited license to access and use our information for personal use.

3.2. You are permitted to download the information available on the Website to any instrument for your use only provided it does not include the right to copy or reproduce the information of our Website on any other platform or medium, without our prior written permission. You shall not use our information for any other purpose other than for the aforesaid. You agree that any use of the proprietary information displayed on the Website shall infringe our intellectual property rights.

3.3. We have copyright on all the contents displayed on the Website including graphics, logo, and software that is either owned or licensed to us other than any third party contents which are specifically identified as such. Any infringement of our intellectual property rights shall be governed by the applicable law in India.

3.4. The license to access and use the Website does not include the right to copy or reproduce the information of our Website on any other platform or medium, without our prior written permission.

3.5. Except where otherwise specified, any word, logo or device to which is attached the symbols ™ or ® shall be considered as a registered trademark that is either owned by us or which we have license to use. The right to use the Website does not give a license to use those trademarks in any way.

4. Linked Websites

4.1. You may be able to access and view third party websites through this Website. The links are provided for your convenience only and may not be updated at all times.

4.2. We do not endorse, review, control or examine third party websites and we are not responsible for any content posted on such third party websites. You understand that the inclusion of links on the Website is not intended as an endorsement or recommendation of any linked website or content of such website.

4.3. You agree that your access to any third party website is governed by the terms of use of that website and has no relation to the Terms of Use of the Website. You agree and understand that it is your responsibility to comply with the terms and conditions of that website as well

5. Content of the website

5.1. We endeavour to ensure the accuracy, updating and exhaustiveness of the information disseminated on this website and reserve the right to change the content or presentation of this website at any time and without notice.

5.2. We cannot be held liable for any decision made on the basis of information contained in the website or for the use that third parties might make of it

5.3. Anyone who wishes to use one or more of the services and/or one or more of the products presented on the website is invited to contact us to ascertain the contractual conditions and tariffs applicable to those products and/or services.

5.4. Certain people or certain countries may be allowed only restricted access to the products and services presented on the website.

5.5. None of the products and/or services will be supplied by us to a person if the law of his/her country of origin or of any other country that might concern that person prohibits them

5.6. However, it remains the responsibility of any interested party to check beforehand with his or her usual advisers that his or her legal and fiscal status allows him or her to subscribe to the products and/or services presented on the website.

6. Technical Information

6.1. Users further agree that we cannot be held liable for matters outside our control and for any damage that may be caused by the user’s technical environment, in particular computers, software programs, network equipment and any other devices used to gain access to the website or to use it and/or the information it contains.

6.2. You agree and understand that the use of the Website is at your own risk. The Website is being made available to you on an “as is” and “as available” basis without providing any warranties, guaranties or conditions as to the usage being free from any faults, defects, interruptions, errors, viruses or to the accuracy, reliability, availability of content. You agree and understand that we shall not be responsible for any interference or damage that may be caused to your computer resource which arises in connection with your access to our Website

6.3. You also agree and understand that the information displayed on the Website is for information purposes only and does not to amount to any advice.

6.4. You further acknowledge and agree that we shall not be responsible for any defamatory, offensive or illegal conduct of third parties on our Website, including users and operators of third party websites

7. Amendments to the Terms of Use

7.1. We reserve the right to amend the Terms of Use from time to time. Any amendment that is made will come into effect from the moment it is displayed on the Website. The updated version of the Terms of Use shall supersede any of the previous versions of the Terms of Use.

7.2. The continued use of the Website shall amount to your acceptance to the Terms of Use of the Website.

8. Law applicable

8.1. The content of the www.m1xchange.com website is subject to the law applicable to/in India.

8.2. The Users acknowledge that the terms of the Master Agreement shall determine the competence of the courts and Dispute Resolution Mechanism with regard to the settlement of the disputes arising from the content and use of the website