Terms & conditions
Welcome to the OODLZ Platform (as defined below). The OODLZ Account are digital asset repositories that allow you to earn interest on the eligible digital assets held.
Please read and keep these Terms of Service (the “Terms” or “Terms of Service”) and Terms & Conditions (“Interest Account Terms”). If you need a physical copy of these Terms or if you have any questions, you can contact us via email at [email protected] or visit oodlz.io.
These Terms and Conditions govern your access to and use of oodlz.io, together with any user, borrower or other services on the website or on any mobile application issued by us (collectively, the “Platform”)..
By creating an OODLZ Profile on or after the effective date of these Terms, you agree that the terms and conditions contained herein will govern your OODLZ Application. An OODLZ Profile opened prior to the effective date will be governed by these Terms, as modified from time to time in accordance with these Terms. You agree that these Terms will govern any existing OODLZ Profile maintained on or after the effective date. We reserve the right to update these Terms at any time, and may notify you of such changes via the Platform or by email at the address specified on your profile or a notification via SMS or other messaging service. If you do not agree with anything contained in the Terms, you may not use these services and we may block access to the services. It is your responsibility to provide and update your external email address, check for such notices, and make sure our notices have not been trapped by your spam filter. It is your responsibility to periodically revisit these Terms as posted on the Platform. Such updated Terms will become effective the earlier of: (a) when you accept it online or offline, (b) twenty (20) days after we post or email the update, in which case your continued use of any of the services or failure to cancel your account will indicate your acceptance of the amendment.
In the Terms, users of the Platform, including owners, employees, agents and affiliates of any business, corporation, partnership or other entity that is, or is considering becoming, a user or borrower, are referred to as “you” or “your.”
OODLZ Inc., a YET-TO-BE_REGISTERED corporation, together with its subsidiaries, affiliates, assignees, successors and its and their respective officers, directors, employees and agents are referred to as “OODLZ,” “we,” “us” or “our.” Together, you and we may be collectively referred to as “Parties.”
1) Modifications to the Terms of Service and the Platform
OODLZ reserves the right to make changes to the Terms at any time, so long as it provides written notice to the email address designated for your profile. Your continued use of the Platform after any modification of the Terms will constitute your acceptance of those changes.
2) Electronic Communication
You acknowledge and agree that the communications between you and OODLZ are electronic. You consent to receive communications from OODLZ in electronic form, including e-mail. You agree that all terms and conditions, agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement such communications would satisfy if they were provided in writing. OODLZ will use reasonable efforts to honour any request you may have to opt out from receiving certain emails. With respect to these Terms, you waive any rights to require an original (non-electronic) signature or delivery or retention of non-electronic records, to the extent such waiver is not prohibited under applicable law.
You acknowledge and agree that these Terms constitute the sole and entire agreement between you and us with respect to the subject matter hereof and supersedes all other prior or contemporaneous negotiations, discussions, agreements, understandings, representations and warranties, both written and oral, between you and us with respect to such subject matter. You agree that no joint venture, partnership, employment, or agency relationship exists between you and OODLZ as a result of the Terms or any use of the Platform. The failure of OODLZ to exercise or enforce any right or provision of the Terms will not constitute a waiver of such right or provision. If any provision of the Terms is found by a court of competent jurisdiction to be invalid, void, unlawful or unenforceable, the Parties agree that the court should give effect to the Parties’ intentions as reflected in such provision, and the other provisions of the Terms will remain in full force and effect. The section titles in the Terms are for convenience only and have no legal or contractual effect. Neither the course of conduct between you and OODLZ, nor trade practice, will act to modify any provision of the Terms. For purposes of the Terms, the terms include, includes, including, such as and for example, will be construed as if each term were followed by the words, without limitation. Except where context requires otherwise, use of the singular form of any noun includes the plural, and use of the plural includes the singular.
5) Acceptable Use of the Platform; Conditions of Your Use
You agree that:
- Any information that you provide (about your identity, finances, and relationships) is accurate and you will keep it up to date.
- You are 18 years of age or older; able to form a binding contract with us; and are acting on your own behalf.
- You have not been banned, terminated, or otherwise denied access to the Platform by OODLZ.
- You are not prohibited by law from accessing the Platform.
- You will not access the information, resources, services, products and tools of the Platform by any other means than we provide, and will not tamper with the Platform, nor access the Platform through any automated, unethical or unconventional means.
- You will not use the Platform for the purpose of accessing or collecting personally identifiable information and/or account information (including usernames, passwords, e-mail addresses or other personal, financial or contact information) with respect to other OODLZ users, borrowers, lenders or employees.
- You must use the Platform only for your own personal use, and not for any purpose competitive to OODLZ or any commercial purpose.
- Without OODLZ’s prior written consent, you will not (and you will not allow others to) (i) decompile, reverse engineer, convert or otherwise extract or disclose the underlying script, code (whether binary, assembly, source, object, HTML or otherwise) or structure of any OODLZ IP or (ii) remove or alter authorship attribution or copyright notices or similar information on the Platform or any products or materials embodying or containing any OODLZ IP.
- You will not violate, interfere with, impair or circumvent the ordinary operation, security, privacy of the Platform or OODLZ’s products, services or data, including overburdening, spamming, engaging in a denial or service attack or similar activities, nor attempt to do any of the above.
- You will not use OODLZ’s products, services or data for any criminal or illegal activity, including any money laundering activity.
- You are solely responsible for all activity that occurs on or under your OODLZ Account (whether or not expressly authorized by you), and for maintaining the confidentiality of your login details. You acknowledge OODLZ will have no liability to you or any other person for acts or omissions made or committed by any agent, representative or third-party service provider in respect of your OODLZ Account.
- You will not transmit to OODLZ or make available on or upload any information to the Platform that: a. Is commercial or promotional in nature (without the prior written authorization of OODLZ); b. Is unlawful, harmful, deceptive, or otherwise violates the legal rights or privacy of others or capable of giving rise to legal action whether against you or OODLZ or any affiliate third party; c. Infringes any patent, trademark, trade secret, copyright, or other property rights of any party; d. Impersonates any person or entity (including OODLZ or its employees and representatives); or e. Contains viruses, malware or any program, code or technology designed to disrupt, intercept, impair or destroy the functionality of the Platform or its software, data or network.
- OODLZ reserves the right to edit, restrict or remove any content you provide for any reason at any time.
- You acknowledge that OODLZ does not control any information provided by other users that may be made available on or through the Platform. Notwithstanding OODLZ’s rights under the Terms, OODLZ does not undertake, and will not be obligated, to monitor the submission of any content to, or the publication of any content on, the Platform at any time.
- OODLZ reserves the right to refuse service, terminate relationships, and/or cancel orders or transactions in its discretion.
By submitting information, feedback or other material to OODLZ, if any, including on or through the Platform or your OODLZ Profile, you: a. acknowledge that such information is non-confidential, except for any personal financial information; b. grant OODLZ a perpetual, worldwide, royalty-free, irrevocable, transferable, sublicensable, and fully paid-up right to copy, use, reproduce, modify, adapt, publish, create derivative works from, translate, transmit, display, distribute, market, promote, sell or offer for sale, rent or lease such information or materials or any portions thereof (including any ideas for new products or modifications to existing products) and/or products or services which practice or embody, or are configured for use in practicing, such information or materials or any portion thereof, in any form or medium known or later developed; and c. agree that you will have no claim against for any actual or alleged infringement of any proprietary rights, rights of privacy or publicity, moral rights or rights of attribution in connection with our use of any content you provide.
6) Supported Digital Assets
A list of digital assets that OODLZ currently supports is available via the Platform. OODLZ may decide to no longer support a digital asset, at any time and for any reason, including due to changes in a given digital asset’s characteristics after OODLZ has provided support for the digital asset or due to a change in the digital asset’s regulatory classification.
7) Interruptions; Network Control
We cannot guarantee the Platform will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Platform, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Platform at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Platform during any downtime or discontinuance of the Platform. Nothing in these Terms of Service will be construed to obligate us to maintain and support the Platform or to supply any corrections, updates, or releases in connection therewith.
OODLZ does not own or control any of the underlying software through which blockchain networks are formed and digital assets are created and transacted. In general, the underlying software for blockchain networks tends to be open source such that anyone can use, copy, modify, and distribute it. By using the Platform, you understand and acknowledge that OODLZ is not responsible for operation of the underlying software and networks that support digital assets and that OODLZ makes no guarantee of functionality, security, or availability of such software and networks.
The underlying protocols are subject to sudden changes in operating rules, and third parties may from time to time create a copy of a digital asset network and implement changes in operating rules or other features (“Forks”) that may result in more than one version of a network (each, a “Forked Network”) and more than one version of a digital asset (“Forked Assets”).
You understand and acknowledge that Forked Networks and the available supply of any Forked Assets are wholly outside of the control of OODLZ, and you further acknowledge that our ability to deliver Forked Assets resulting from a Forked Network may depend on third parties outside of OODLZ’s control. You understand and acknowledge that Forks may materially affect the value, function, and/or even the name of the digital assets associated with your OODLZ Profile. In the event of a Fork, you understand and acknowledge that OODLZ may temporarily suspend services on the Platform (with or without advance notice to you) while we determine, at our sole discretion, which Forked Network(s) to support.
YOU ACKNOWLEDGE AND HEREBY AGREE THAT OODLZ MAY DETERMINE, IN ITS SOLE DISCRETION, NOT TO SUPPORT A FORKED NETWORK AND THAT YOU HAVE NO RIGHT, CLAIM, OR OTHER PRIVILEGE TO FORKED ASSETS ON SUCH UNSUPPORTED FORKED NETWORK. YOU HEREBY FURTHER AGREE THAT OODLZ MAY, IN ITS SOLE DISCRETION, DETERMINE THE APPROACH TO SUCH FORKED ASSETS, WHICH MAY INCLUDE ABANDONING OR OTHERWISE ELECTING NOT TO SUPPORT SUCH FORKED ASSETS AS PART OF THE SERVICES. YOU UNDERSTAND AND HEREBY ACKNOWLEDGE THAT OODLZ IS UNLIKELY TO SUPPORT MOST FORKED NETWORKS AND THAT MOST FORKED ASSETS WILL LIKELY NOT BE MADE AVAILABLE TO YOU.
9) Hosted Wallets
Digital assets you deposit with us will be stored in your non-custodial OODLZ Wallet. OODLZ will track the balance of your digital assets stored on your OODLZ Wallet, and you understand that you can view the balance of digital assets in your OODLZ Profile through the Platform. You acknowledge and bear the sole risk of loss associated with the usage of your non-custodial OODLZ Wallet.
Currently there are no fees. In the case fees will be introduced, a schedule of our fees will be accessible at https://www.oodlz.io/legal under Fees section. Fees are subject to change within 24 hours after publication on this Platform (unless otherwise stated), and you understand and acknowledge that you are solely responsible for accessing and familiarizing yourself with the fee schedule prior to engaging in any services on our Platform.
As a regulated financial service company operating in the TO-BE-DECIDED, we are not required to identify clients on our Platform. We will always ensures we remain in compliance with applicable information reporting requirements in the jurisdictions in which we operate, something that is necessary for us to be able to continue to offer digital currency services to our clients. OODLZ does not collect or verify your information.
Further, you understand and acknowledge that OODLZ does not provide tax or legal advice and that OODLZ will report certain transactions to the Internal Revenue Service to the extent and manner in which it is required to do so by law. You agree that you will be solely responsible for reporting and discharging your own tax compliance obligations arising from usage of OODLZ products and services.
OODLZ is SOON-TO register with the U.S. Department of Treasury Financial Crimes Enforcement Network (“FinCEN”) as a money services business (“MSB”). As a registered MSB, OODLZ is subject to the Bank Secrecy Act and its implementing regulations (collectively, the “BSA”) which set out the requirements imposed upon financial institutions to implement policies and procedures reasonably designed to detect and prevent money laundering and terrorist financing. You understand and acknowledge that your access to and use of the Services is subject to compliance with OODLZ’s AML Program.
OODLZ’s partners maintain licenses to engage in money transmission and other financial service activities in certain states, and these licenses may impact our provision and your use of certain services on the Platform.
Transactions in digital assets are subject to applicable laws, regulations, and rules of federal and state governmental and regulatory authorities (collectively, “Applicable Laws”). You understand that compliance with Applicable Laws may include compliance with any guidance or direction of any regulatory authority or government agency, any writ of attachment, lien, levy, subpoena, warrant, or other legal order (collectively, “Legal Orders”). You understand and acknowledge that in no event will OODLZ be obligated to affect any transaction it believes would violate any Applicable Law. You further understand and acknowledge that OODLZ is not responsible for any losses, whether direct or indirect, that you may incur as a result of OODLZ’s good faith efforts to comply with any Applicable Law, including any Legal Order.
13) OODLZ’s Intellectual Property, Copyrights and Identifying Marks
OODLZ hereby reserves all rights, title, and interest in and to the Platform and the Content (defined below) and any all intellectual property contained therein or relating thereto, including any copyright, patent or trademark, to OODLZ or its licensors, as applicable.
For purposes of the Terms, the “Content” will include all contents of the Platform, including any logos, identifying marks, images, illustrations, designs, icons, photographs, videos, text and other written and multimedia materials, all of OODLZ’s loan information (including rate information) and requirements, products, services, advertising materials or collateral, log-in or registration criteria and instructions, help guidelines, user documentation and customer and technical support documents, and the Platform’s likeness, look and feel, format, layout, software, code (whether binary, assembly, source, object, HTML or otherwise), routines, scripts, software, platforms and applications, as well as any data, files, archives, folders or downloads available on the Platform.
You acknowledge and agree that any violation of the provisions of the Terms regarding Acceptable Use of the Platform; Conditions of Your Use above may subject you to compensatory and punitive damages, and will specifically also entitle OODLZ to seek equitable relief (including an injunction), in addition to (and not in substitution or replacement for) any other available remedies at law or in equity, without the need for the posting of a bond or any other requirement.
14) No Solicitation or Offering; No Advice
The Content and the Platform is not intended to constitute an offer to buy or sell or a solicitation of an offer to buy or sell investments, loans, securities, partnership interests, commodities or any other financial instruments; the Content and the Platform also do not constitute, and may not be used for or in connection with, an offer or solicitation by anyone in any state or jurisdiction in which such an offer or solicitation is not authorized or permitted, or to any person to whom it is unlawful to make such offer or solicitation.
OODLZ makes no representation or warranty, express or implied, to the extent not prohibited by applicable law, regarding the advisability of uploading Digital Assets for the purpose of receiving interest. Historical interest payments and collateral returns are not a guarantee of future performance and OODLZ is making no representation as to the suitability of uploading Digital Assets for the purpose of receiving interest to any particular person. No U.S. or other financial regulatory or securities authority has passed upon the contents of these Terms, nor have these Terms been filed with, or reviewed by any U.S. or other financial regulatory or securities authority.
WITHOUT LIMITING ANYTHING IN THE TERMS OF SERVICE, OODLZ MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY DIGITAL ASSETS LOANS OR THE PERFORMANCE THEREOF. YOU AGREE THAT, GIVEN THE RISKS DISCLOSED IN THIS AGREEMENT, YOU DO NOT EXPECT, NOR IS IT REASONABLE FOR YOU TO EXPECT, TO REALIZE ANY PROFIT OR GAINS IN CONNECTION WITH OODLZ’S MANAGERIAL OR ENTREPRENEURIAL EFFORTS. FURTHER, YOU AGREE THAT THE OUTCOMES IN YOUR CASE ARE INDEPENDENT FROM THE SUCCESSES OF OODLZ’S AS WELL AS FROM OUTCOMES OF OTHER USERS.
The Content and the views expressed in the Content do not necessarily reflect the views of OODLZ as a whole, its directors, officers, employees, shareholders or any part or member thereof or of any third party. No Content or information on the Platform constitutes, or should be construed as, investment, tax, legal, financial or any other advice. You should consult your own advisors before making any decision to contribute digital assets.
15) Forward-Looking Statements
Certain statements on the Platform, including within the Content, may constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual interest on deposits to be materially different from any future returns or values expressed or implied by such forward-looking statements. Forward-looking statements typically include words such as may, will, expect, believe, plan, expect, anticipate, intend and other similar terminology. These statements reflect current expectations regarding future events and speak only as of the date of being posted to the Platform. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or returns, and will not necessarily be accurate indications of whether or not such returns will be achieved. Given these uncertainties and risks, users of the Platform, including any person who may or has purchased digital assets through OODLZ or its subsidiaries or affiliates, are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements should not be interpreted as advice and is in no way a form of solicitation, offering, or advice for OODLZ’s loan product. The purpose of these forward-looking statements is merely to further explain our products and services and for marketing purposes, and should be interpreted as purely speculative.
A variety of factors could cause the actual results and developments of any digital assets any to differ significantly from the results and developments forecasted and implied. Although forward-looking statements contained in the Platform, if any, are based upon what OODLZ and its advisors believe are reasonable assumptions, OODLZ cannot assure you that actual results, interest or events will be consistent with these forward-looking statements. Forward-looking statements are made as of the date of being posted to the Platform, and OODLZ and its subsidiaries and affiliates assume no obligation, and expressly disclaim any obligation, to update or revise forward-looking statements contained in or incorporated by reference into the Platform or the Content or any information supplemental thereto to reflect new information, future events or circumstances or otherwise.
16) Registration; Security and Password
Basic access to the Platform is publicly accessible. However, to use certain features of the Platform, you must complete the registration process by verifying your email address. Once registered, a OODLZ Profile will be created for you to access your application and other resources. You agree that the registration information you provide is accurate, complete and current. You further agree to promptly update that information to keep it accurate, complete and current. If you register on behalf of a business entity or other organization, you represent and warrant that you have the authority to provide the information required and to bind the organization to the Terms. You acknowledge and agree that OODLZ, in its sole discretion, may suspend or discontinue your, and refuse any and all current and future, access to or use any portion of this Platform at any time without notice to you.
OODLZ disclaims all liability, and you acknowledge and agree that OODLZ, and any third-party custodian or Banking Partner, will not be liable, for or in connection with any harm or damages to you or to any party resulting from the theft or unauthorized use of your user ID or password. You agree to notify us immediately of any such unauthorized use or any other actual or suspected breach of security. You can do so by emailing [email protected].
Data transmitted via the Platform may use a Secure Sockets Layer (SSL) protocol, and data may be encrypted on some pages of the Platform. To the extent such technology is utilized on a given page, you may be unable to use certain account or customization features of the Platform unless your web browser software supports such encryption. Please note that no technology can be considered completely secure or impenetrable and Internet protocols and other public and/or proprietary technology used or accessed by the Platform may be vulnerable to exploitation or compromise by persons engaged in hacking or criminal conduct. We and you each acknowledge and agree that, subject to applicable law, OODLZ will have no liability to you for any such exploitation or criminal conduct by third parties.
You hereby authorize us, or a third-party service provider that we designate, to take any measures that we consider necessary to confirm the communication information you provide, verify and authenticate it is correct, and take any action we deem necessary based on the results.
18) Account Maintenance
You are required to maintain the communication information associated with your OODLZ Profile updated at all times, and you agree to update your OODLZ Profile immediately to reflect any changes to communication information that you previously provided.
As part of our legal compliance program (“AML Program”), we will monitor your OODLZ Account and your use of the Platform on an ongoing basis, as may be required by law and/or pursuant to our internal policies and procedures. At any time, we may require you to provide us with additional personal information as a condition to your continued access to and use of your OODLZ Account and the Platform. During such time, your access to and use of your OODLZ Account and the Platform may be temporarily restricted.
19) Potentially Fraudulent Activity
Any actual or suspected unauthorized access and/or unauthorized activity will be treated by us as potentially fraudulent (“Potentially Fraudulent Activity”). You agree to notify us within twenty-four (24) hours if you become aware of or suspect any Potentially Fraudulent Activity, by emailing [email protected]. For avoidance of doubt, you are deemed to be aware of Potentially Fraudulent Activity upon receipt of any notice of the occurrence of such activity. Upon receipt of written notice from you any Potentially Fraudulent Activity, we will take reasonable steps to protect your OODLZ Profile, including, for example, by temporarily restricting access to your OODLZ Profile, suspending any pending transactions, and/or requiring you to change your login credentials. You agree to promptly report any Potentially Fraudulent Activity to legal authorities and provide us a copy of any report prepared by such legal authorities. In the event of an investigation of any Potentially Fraudulent Activity, you further agree to (i) cooperate fully with the legal authorities and OODLZ in such investigation; (ii) complete any required affidavits promptly, accurately and thoroughly; and (iii) allow OODLZ, or any third-party designated by us, access to your mobile device, computer, and network as may be relevant to such investigation. You understand and acknowledge that any failure to cooperate in any such investigation may cause delays in regaining access to your OODLZ Account and any funds held within.
20) Third-Party Websites and Content
The Platform may contain links or connections to third party websites. Any such link or connection is provided only as a convenience, and should be used at your own risk. OODLZ has no control over any such other websites, the contents thereof or the products, services or policies represented. The existence of any link or other connection does not imply any affiliation, sponsorship, endorsement, approval, investigation, representation, warranty, verification or monitoring by OODLZ or create any liability on the part of OODLZ in respect of such link or connection. Please be aware that your use of any such third party websites is governed by the privacy policies of those sites, which we encourage you to review before using such sites.
You and we hereby acknowledge and agree that OODLZ will have no responsibility for any liabilities arising from or related to the contents of any third party website or the use of any such website (including any mobile website) or the privacy policies and customer information practices of any such website.
21) Termination; Survival of Provisions
Automatic Termination for Non-Compliance: If you are not in full compliance with all of these Terms, the permissions granted to you under these Terms will automatically terminate, and you agree that in such circumstance you will no longer use or access, or be entitled to use or access, the Platform, the Content or any account on the Platform.
OODLZ’s Right to Terminate Your Use: OODLZ may terminate your right to use the Platform, or block you from future use, at any time, if OODLZ determines that (a) you have breached any provision of these Terms; (b) you have engaged in conduct that OODLZ, in its sole discretion, determines may cause liability or damage to OODLZ or to other users of the Platform; (c) OODLZ is required by law to do so; or (d) OODLZ generally ceases offering the Platform. You agree that OODLZ will not be liable to you due to or by reason of our termination of your right to use the Platform or the automatic termination of your right to use the Platform for non-compliance set forth above.
Voluntary Termination by You: If you want to terminate your legal agreement with OODLZ under or consisting of these Terms of Service, you may do so by: (a) notifying OODLZ at [email protected] or using the form on our Contact Page, or (b) closing your OODLZ Profile by following the procedures articulated on the OODLZ website or the Platform. You acknowledge that any legal obligations you may have under any other agreement with OODLZ (including any loan agreement or agreement governing lending or transacting in OODLZ or its affiliates) will not be affected in any way by the termination of the Terms and any such other agreement between you and OODLZ will continue to be in effect in accordance with its terms.
Survival of Provisions: Your obligations and the disclaimers and provisions relating to (i) OODLZ’s Intellectual Property, Copyrights and Identifying Marks, (ii) Disclaimer of Warranties, (iii) Limitation of Liability, (iv) Indemnification, (v) Use and Access Outside the United States and (vi) General will survive any termination or expiration of the Terms for any reason.
22) OODLZ’s Remedies
Without prejudice to OODLZ’s other rights under the Terms, if you breach the Terms in any way, OODLZ may take such action as OODLZ deems appropriate to deal with the breach, including suspending your access to the Platform, prohibiting you from accessing the Platform, blocking computers using your IP address from accessing the Platform, contacting your Internet service or other telecommunications provider to request that it block your access to the Platform and/or bringing court proceedings or taking other legal action against you. You acknowledge and agree that if you violate the Terms, OODLZ will be entitled, at any time, to bring an action or proceeding for specific performance, injunctive relief or other equitable relief in addition to (and not to the exclusion of or in substitution for) any other remedies at law or in equity.
You agree to indemnify and hold OODLZ and the Released Parties (as defined above) from and against any suit, action, claim, demand, penalty or loss, including reasonable attorneys’ fees and expenses and any amount paid in settlement to a third party, made by or resulting from any third party (including any government agency or body) due to, in connection with or arising out of (i) your use of the Platform, the Content, your OODLZ Account, any breach or alleged or claimed breach of the Terms or the materials it incorporates by reference, or your violation of any law, regulation, order or other legal mandate, or the rights of a third party, or (ii) any act or omission by your agent, representative or third-party service provider while using your OODLZ Account, regardless of whether the specific use was expressly authorized by you.
24) Limitation of Liability
OODLZ, and any third-party custodian or Banking Partner, will not be liable to you under any theory of liability—whether based in contract, tort, negligence, strict liability, warranty, or otherwise—for any indirect, consequential, exemplary, incidental, special damages or lost profits, even if OODLZ has been advised of the possibility of such damages.
The total liability of OODLZ for any claim arising out of or relating to these Terms or our Services, regardless of the form of the action, is limited to the amount paid, if any, by you to access or use our Services.
The limitations set forth in this section will not limit or exclude liability for the gross negligence, fraud or wilful misconduct of OODLZ or for any other matters in which liability cannot be excluded or limited under applicable law. Additionally, some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitations or exclusions may not apply to you.
25) Your Use and Access Worldwide
If you access the Platform from anywhere in the world, you do so at your own risk and are responsible for compliance with the applicable laws of the country or jurisdiction where you may be located. You may not use or export any content of the Platform in violation of your local export laws and regulations or any other foreign federal, state or local statute, rule or regulation. The Content is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. OODLZ makes no representations that the Content is appropriate for use in all locations, or that the transactions, products, loans, financial instruments or services indicated or discussed on the Platform are available or appropriate for sale or use in all jurisdictions, or countries or by all users or counterparties.
26) Restricted Jurisdictions
You may not register a OODLZ Profile or use the Platform if you are a resident of or located in any jurisdiction in which (i) OODLZ is not authorized to provide the Services, (ii) the United States has embargoed goods or services, (iii) where your use of the Services would be illegal or otherwise violate any applicable law of such jurisdiction or of the United States (“Restricted Jurisdiction”). OODLZ may, in its sole discretion, block your access to the Platform in any Restricted Jurisdiction.
You hereby represent and warrant that you are not a resident of any Restricted Jurisdiction and that you will not register a Profile or use the Services even if our methods to prevent you from registering a Profile or using the Services are not effective or can be bypassed. We may implement controls to restrict access to the Platform from any Restricted Jurisdiction.
27) Restricted Persons
You hereby represent and warrant that you have not been identified as a Specially Designated National or placed on any sanctions list by any Country; and you will not use the Platform to conduct any illegal or illicit activity.
28) Transfer and Processing of Data
By accessing or using the Platform, you consent to the processing, transfer and storage of information about you in and to the United States and other countries, where you may not have the same rights and protections as you do under local law.
29) Fair Practices
You agree not to: (i) make any representations, warranties or guarantees on OODLZ’s behalf or with respect to the Platform or any content or data contained on the Platform; (ii) make any false or misleading representations with regard to OODLZ or the Platform or any content or data contained on the Platform; or (iii) participate or engage in any illegal, deceptive, misleading, fraudulent, unethical or improper practices on, through, by means of or with respect to the Platform.
You acknowledge and agree that you may not assign, delegate, sub-contract or otherwise transfer your rights and/or obligations under the Terms. OODLZ may transfer, assign, delegate, sub-contract or otherwise transfer its rights and/or obligations under the Terms without notifying you or obtaining your consent.
31) Choice of Law; Forum for Disputes
The Terms and all disputes, claims or controversies (whether in tort, contract or otherwise) arising out of or relating in any way to the Terms, the Platform or the Content, the negotiation, interpretation, validity or performance of the Terms, the rights and obligations of you and us hereunder or any transaction contemplated by the Platform will be governed by and construed in accordance with the laws of the TO-BE-ASSIGNED-JURISDICCTION (eg State of Delaware) without regard to the rules or principles of conflict of laws of such State or any other jurisdiction that would permit or require the application of the laws of any other jurisdiction. We and you each hereby irrevocably and unconditionally consent to submit to the sole and exclusive jurisdiction of the courts of the TO-BE-ASSIGNED-JURISDICCTION (eg State of Delaware and of the United States of America located in the State of Delaware) for any litigation, lawsuit or proceeding between you and us arising out of or relating in any way to the Terms (including any non-contractual claims), the Platform or the Content, the negotiation, interpretation, validity or performance of the Terms, the rights and obligations of you and us hereunder or any transaction contemplated by the Platform.
You and we each waive any objection to the laying of venue of any such litigation in the TO-BE-ASSIGNED-JURISDICCTION (eg Delaware) Courts and agree not to plead or claim in any TO-BE-ASSIGNED-JURISDICCTION (eg Delaware) Court that such litigation brought therein has been brought in an inconvenient forum or that there are indispensable parties to such litigation that are not subject to the jurisdiction of the TO-BE-ASSIGNED-JURISDICCTION (eg Delaware) Courts. You and we each hereby irrevocably waive any and all rights which you or we, respectively, may have, or may have had, to bring such litigation in or before any other court or tribunal (whether domestic or foreign), or before any similar domestic or foreign authority or body, and agree not to claim or plead any such rights.
32) WAIVER OF JURY TRIAL
WE AND YOU EACH HEREBY AGREE TO IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT WE OR YOU, RESPECTIVELY, MAY HAVE TO A JURY TRIAL IN RESPECT OF ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THESE TERMS OF SERVICE OR THE PLATFORM AND ANY COUNTERCLAIM THEREIN. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER AND MAKES THIS WAIVER VOLUNTARILY.
33) Class Action Waiver
YOU AND WE AGREE THAT THERE WILL BE NO RIGHT OR AUTHORITY FOR ANY DISPUTE TO BE BROUGHT, HEARD, OR ARBITRATED AS A CLASS ACTION (INCLUDING WITHOUT LIMITATION OPT OUT CLASS ACTIONS OR OPT IN COLLECTIVE CLASS ACTIONS), OR IN A REPRESENTATIVE OR PRIVATE ATTORNEY GENERAL CAPACITY ON BEHALF OF A CLASS OF PERSONS OR THE GENERAL PUBLIC. ALL DISPUTES WILL BE RESOLVED ON AN INDIVIDUAL BASIS ONLY.
The OODLZ Savings Balance (OSB) is a digital asset repository account that allows you to earn interest on eligible digital assets held in the balance.
Please read and keep these Terms and Conditions (“Interest Account Terms”). If you need a physical copy of these Terms or if you have any questions, you can contact us via email at [email protected] or visit oodlz.io. These Interest Account Terms incorporate by reference the OODLZ terms and conditions found here: https://www.oodlz.io/legal.
ACCEPTANCE OF TERMS
By creating an OODLZ Profile on or after the effective date of these Terms, you agree that the terms and conditions contained in herein will govern your OODLZ Profile. A OODLZ Profile opened prior to the effective date will be governed by these Terms, as modified from time to time in accordance with these Terms. You agree that these Terms will govern any existing OODLZ Profile maintained on or after the effective date. We reserve the right to update these Terms at any time, and may notify you of such changes via the Platform or by email at the address specified on your account application.
A. Account Basics
1. Opening a OODLZ Account
Anyone who is at least eighteen (18) years old can create an OODLZ Profile.
In order to create your profile, we will need to verify your communication methods such as email, SMS and country of residence.
OODLZ Profiles are not available in Cuba, Iran, North Korea, Sudan, Syria, any other country to which the United States, the United Kingdom or the European Union embargoes goods or imposes similar sanctions, or any other jurisdiction which we determine we would not be able to offer OODLZ Profiles for regulatory or policy reasons. Due to the dynamic nature of regulatory requirements and interpretations in the digital asset market, we reserve the right to update the list of prohibited jurisdictions. OODLZ Profiles can be opened through our app or at oodlz.io.
You represent and warrant that any and all information provided to us pursuant to these Terms or otherwise is true, accurate and not misleading in any respect. If any such information changes, it is your obligation to update such information as soon as possible.
Note that the OODLZ Application is self-managed and as such the only personal date we require is for communication, security and geo-targeting (cashback) services.
2. Funding your OODLZ Savings Balance (OSB)
You can deposit or transfer FIAT currency such as USD to your OSB via your bank account or debit or credit card.
The OODLZ Application will auto-convert FIAT deposits and transfers to the appropriate (same currency) FIAT pegged Stable-Coin in order to digitize the currency. OODLZ will only use Algorithmic Stable-Coins pegged 1:1 that have historically never lost their 1:1 ratio peg with the FIAT equivalent for more 24 hours in a 1 calendar year cycle to ensure maximum security.
The transfer of such eligible digital assets to your OODLZ IBS may not be deemed settled and completed until (i) the transaction has been recorded in a block and thirty-four (34) consecutive subsequent blocks referring back to such block (in other words, thirty-five (35) blocks in total) have been added to the applicable blockchain or (ii) the transaction has met a different blockchain or protocol for a specific digital asset that OODLZ has agreed to.
As of the date of these Terms, there is no minimum deposit required to deposit to an OSB. We may, in our sole discretion, institute a minimum balance in the future, and such minimum balance will apply to your OBS.
3. How Accounts Can Be Owned
OODLZ Accounts can be held in the types of ownership described below.
a. Individual Account
This account is created by only one person or entity who can deposit, transfer or withdraw assets held on the application.
b. Business Account
This profile is owned by a corporation, unincorporated association, limited liability company, limited liability partnership, fiduciary, partnership, sole proprietorship or other entity holding an account in any capacity other than an individual capacity. Each person or entity completing any account opening requirements represents and agrees that he or she is fully authorized to execute all documents or otherwise complete our requirements in his or her stated capacity..
4. How Interest Is Calculated
Interest on the account is variable and determined by OODLZ in its sole discretion. Our latest and most updated interest rate can be viewed through the OODLZ Platform.
Our interest rate is tiered, with specified rates in effect at any time applied to the OSB balance.
Any changes to our interest rates and minimum account balances required to earn interest can be viewed in the OODLZ Platform.
Interest will be payable in arrears and added your account balance on a weekly basis. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the specified balance in the account on each day. The daily periodic rate is calculated by dividing the applicable interest rate by three hundred sixty-five (365) days, even in leap years.
We will determine the interest rates and tiers in our sole and absolute discretion.
5. How Interest Is Paid
We will credit your OSB with the interest earned weekly. Your Profile must be active on such date in order for you to receive this interest payment. All interest will be paid in digital assets. The accrued interest will be calculated and paid to the one hundred hundredth of a unit. Any digits beyond that will be truncated; balances and interest payments on reorts will be truncated to four digits (one ten thousandth of a unit). Once interest has been credited to your OSB, you will earn interest on it in future months. Interest will be paid in kind (i.e., in the type of digital asset that is earning interest).
You may make a complete or partial withdrawal from your balance from your OSB at any time. OODLZ initiates the withdrawal process instantly when possible, and we may require up to 1 hour after you submit your withdrawal request to process the withdrawal, however the average time should be under 5 minutes. Any interest that has accrued but not been credited to your account is not eligible for withdrawal until it has been credited to your OSB.
In the case of any withdrawal, you will be required to provide the details for the account to which you wish to transfer your digital assets. In the event that the details you provide are inaccurate, incomplete or misleading, your digital assets may be permanently lost. When you withdraw all or any of your digital assets, we will not be liable for any loss that results from inaccurate, incomplete or misleading details that you may provide for such transfer. If the account you specify is one to which we are unable to process transfers, we will have no liability for any failure or delay in processing your requested withdrawal.
OODLZ and our third-party partners may experience cyber-attacks, extreme market conditions, or other operational or technical difficulties which could result in the immediate halt of deposits and withdrawals of digital assets either temporarily or permanently. OODLZ is not and will not be responsible or liable for any loss or damage of any sort incurred by you as a result of such cyber-attacks, operational or technical difficulties or suspensions of deposits or withdrawals.
Any transaction fees charged by third parties in connection with your withdrawal may be deducted from the amount you withdraw from your OSB.
For example, if you withdraw one USD from your account, and the USDT network charges a transaction fee equal to .01 USD, you will receive .99 USD.
OODLZ may also charge a fee for withdrawals. We will announce any such withdrawal fees before they take effect, and thereafter the applicable withdrawal fee will be deducted from the amount you withdraw from your OSB.
You will be able to see a record of the transactions related to your OBS which you may wish to use for the purposes of making any required tax filings or payments. It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority. We will make any tax withholdings or filings that we are required by law to make, but we are not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. You are responsible for complying with applicable law. You agree that OODLZ is not responsible for determining whether or which laws may apply to your transactions, including tax law. You are solely responsible for reporting and paying any taxes arising from your OBS.
8. Risk Disclosure
Your OBS is not a checking or savings account, and it is not covered by insurance against losses.
We will lend, sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of funds and digital assets to counterparties, and we will use our commercial best efforts to prevent losses.
In certain jurisdictions, digital assets are not legal tender, and is not backed by the government. Value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of digital assets. Transactions in digital assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some digital asset transactions will be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction. The value of digital assets may be derived from the continued willingness of market participants to exchange government-issued currency for digital assets, which may result in the potential for permanent and total loss of value of a particular digital asset should the market for that digital asset disappear. There is no assurance that a person who accepts a digital asset as payment today will continue to do so in the future.
The volatility and unpredictability of the price of digital assets relative to government-issued currency may result in significant loss over a short period of time. The nature of digital assets may lead to an increased risk of fraud or cyber-attack, including rollback attacks or blockchain reorganizations. The nature of digital assets means that any technological difficulties experienced by OODLZ may prevent the access or use of a customer’s digital assets. Any bond or trust account maintained by OODLZ for the benefit of its customers may not be sufficient to cover all, if any, losses incurred by customers. In light of these risks, you should carefully consider whether holding digital assets in a OODLZ account is suitable. Even if OODLZ alerts you to some of the risks involved with digital assets, their protocols and networks, OODLZ has no responsibility to alert you to all of these risks. OODLZ has no control over, and makes no representations regarding the value of digital assets, or the security of their networks or protocols.
There can be no guarantee that OODLZ will be able to pay stated interest on accounts. As OODLZ typically lends digital assets to other counterparties and transactions in digital assets are subject to various risks and uncertainties, OODLZ is subject to the risk of counterparties defaulting on its obligations to OODLZ. Although OODLZ’s obligations to account holders are fixed and not tied to the performance of these loans, significant defaults to OODLZ on its obligations or other losses affecting OODLZ’s ability to pay interest and access the stated amount in accounts, including as a result of fraudulent or accidental transactions, may not be recoverable could cause it to be unable to satisfy its obligations to Profile Holders on a timely basis or at all. Digital assets are held through custodians in unsegregated accounts and subject to insolvency and other risks of our custodians and OODLZ. You should not deposit collateral unless you are sophisticated regarding the risks associated with transactions in digital assets and are able to bear the full risk of loss.
9. Consent to Utilize Assets
Except where prohibited or limited by applicable law, in consideration for the interest earned on your account, you grant OODLZ the right, without further notice, to hold the digital assets in your account in OODLZ’s name or in another name, and to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such digital assets, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining in OODLZ’s possession and/or control a like amount of digital assets, and to use or transfer such digital assets at its own risk for commercial purposes.
You acknowledge that, with respect to assets used by OODLZ pursuant to this paragraph, (i) you may not be able to exercise certain rights of ownership and (ii) OODLZ may receive compensation in connection with lending or otherwise using digital assets in its business to which you will have no entitlement.
10. Ownership of Digital Assets
You hereby represent and warrant to us at all times during which you hold digital assets in your OSB that any digital assets used by you in connection with your OSB is owned by you or that you are validly authorized to carry out transactions using such digital assets and that all transactions initiated with your OSB are for your own account(or, in the case of business accounts, for your business’s account) and not on behalf of any other person or entity.
B. General Rules Governing OSB's
All of our actions relating to your OSB, including these Terms, will be governed by the laws and regulations of the TO-BE-CONFIRMED (eg United States) and, to the extent not preempted, the laws and regulations of theTO-BE-CONFIRMED (eg State of Delaware). Any lawsuit regarding your profile must be brought in a proper court in the TO-BE-CONFIRMED (eg State of Utah). If any part of these Terms is determined to be invalid or unenforceable, such determination will not affect the remainder of these Terms.
We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request.
All contributions to your OSB must consist of eligible digital assets and must be transferred to the deposit address provided in your OODLZ account application or as otherwise notified by us to you. We have the right to reject any deposit and the right to return a deposit already made. Any deposit received on any business day at or before 11:59 p.m. UTC-4 will be treated by us as being received on such business day.
2. Our Relationship with You
These Terms and the deposit relationship do not create a fiduciary relationship between us.
3. Authorized Users
We may follow instructions regarding your OSB if we reasonably believe that you have authorized the instructions.
We will make statements for your OSB available to you by email and/or online at OODLZ.com. All of your balances and (in our discretion) those of any of your affiliates may be combined into one statement.
5. Review of OSB Statements
We will make available to you a periodic statement showing the activity on your OSB and containing information sufficient to allow you to reasonably identify transactions. You must examine the statement and notify us of any unauthorized use or any error or irregularity on the statement within 60 calendar days after the statement is sent or made available to you. If notice is not received within the 60-calendar day period, then we will have no liability to you and the loss will be entirely yours.
6. Notice of Withdrawal; Limits on Withdrawals
We initiate the withdrawal process as quickly as possible but may require up to forty-eight (48) to process withdrawals from your OSB. Withdrawal limits based on frequency may apply from time-to-time and will be described in your OSB interface.
7. Transfer of OSB's
OSB's are not transferable or assignable in whole or in part.
8. Abandoned/Unclaimed OSB's
OSB's that are abandoned or unclaimed, with no application activity for 48 months will be forfeit.
9. Business Day
For purposes of these Terms, our business days are Monday through Friday. Saturdays, Sundays and all federal holidays in Australia, USA and UK are not included.
10. Indemnification and Limitation of Liability; Attorney’s Fees and Costs for Lawsuits
You agree to indemnify and hold us and our affiliates harmless from any losses, damages, suits and expenses, of whatever kind, including reasonable attorneys’ fees, which we may incur in connection with or arising out of your use of your OSB or our activities in connection with such account, your violation of any law, regulation, order or other legal mandate, or the rights of a third party, or any act or omission by your agent, representative or third-party service provider while using your OSB, regardless of whether the specific use was expressly authorized by you.
You agree to comply with applicable law and to not use your OSB for unlawful internet gambling transactions or any other transaction or activity that is illegal or violates applicable regulations or rules of any applicable self-regulatory organization. Please note, your agreement to comply includes United States federal and state economic sanctions laws and regulations, including those issued by the Office of Foreign Assets Control of the U.S. Department of the Treasury and Executive Orders issued by the President of the United States.
We are not liable to you for claims, costs, losses or damages caused by an event that is beyond our reasonable control (e.g., the acts or omissions of third parties, natural disaster, emergency conditions, government action, equipment or communications malfunction). We are not liable for special, incidental, exemplary, punitive or consequential losses or damages of any kind. Except for any setoff permitted by applicable law and Section 13 below, any amounts owed or liabilities incurred by us (“Obligations”) may be satisfied solely from the assets of OODLZ Inc.
Without limiting the generality of the foregoing, in no event will you have any recourse, whether by setoff or otherwise, with respect to any amounts owed or liabilities incurred, to or against any assets of any person or entity other than OODLZ Inc. for Obligations, including, without limitation, any member, affiliate, investor, employee, officer, agent or advisor of OODLZ Inc. For the avoidance of doubt, the foregoing will not limit any setoff permitted by applicable law and Section 13 below.
We reserve the right to limit access to your profile, which can include temporarily or permanently removing your online access, restricting your OSB and/or closing your profile without prior notice to you unless prior notice is required by law. We do not bear liability for such actions. In addition, OODLZ reserves the right to withhold or delay the withdrawal of funds or assets belonging to you if you fail to comply with these Terms.
Our liability to you for a claim is limited to the face value of the item or transaction, or the actual value of any funds not properly credited or debited.
11. Conflict/Disputes Involving Your Account
We are not liable to you for errors that do not result in financial loss to you. We may take any action authorized or permitted by these Terms without being liable to you, even if such action causes you to incur fees, expenses or damages.
If third parties make claims on your profile, or if we receive conflicting instructions from authorized signers, or if we become involved in or concerned about a dispute between you and an authorized signer, we have discretion to react in ways we believe to be appropriate, including by closing your profile and returning the digital assets deposited. You are liable for all expenses and fees we incur for such conflicts or disputes, including internal costs and attorneys’ fees, and we may charge them to your OSB.
Fraudulent activity, including any attempt to withdraw funds that you do not own, did not deposit, or did not purchase, is strictly prohibited and may result in the closure of your OODLZ Profile. Fraudulent activity includes any attempt to take advantage of errors on the OODLZ UI. Any errors identified should be flagged to investi[email protected] for appropriate compensation, where applicable.
12. Legal Process Affecting Accounts
If legal action such as an attachment, garnishment, levy or other state or federal legal process (“legal process”) is brought against your profile, we may refuse to permit (or may limit) withdrawals or transfers from your profile until the legal process is satisfied or dismissed. Regardless of the terms of such attachment, garnishment, levy or other state or federal process, we have first claim to any and all funds in your account. We will not contest on your behalf any such legal process and may take action to comply with such legal process as we determine to be appropriate in the circumstances without liability to you. If we incur any expenses, including without limitation, reasonable attorney fees, in connection with any such legal process, we may charge any expenses and fees to your profile or any other profiles you may have with us without prior notice to you, or we may bill you directly for such expenses and fees. Any garnishment or other levy against your profile is subject to our right of setoff and security interest.
13. Setoff and Security Interest Rights
You grant us a security interest in any and all of your profile funds, including all amounts on deposit from time to time in such OSB's, interest accrued thereon and proceeds of the foregoing, with us for obligations of every nature now or hereafter owing to us or any of our affiliates by any owner of any of your accounts, whether at stated maturity, required prepayment, declaration, acceleration, demand, or otherwise, in each case together with all extensions or renewals thereof, whether for principal, interest, fees, expenses, indemnities or otherwise, whether voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, and whether or not from time to time decreased or extinguished and later increased, created or incurred. These obligations include both secured and unsecured debts and debts you owe individually or together with someone else, including debts and obligations under other transactions or agreements between you and us or any of our affiliates. We may take or set off funds in any or all of your profile balances, or transfer funds between any of all of your balances, with us or any of our affiliates for direct, indirect and acquired obligations that you owe us or our affiliates, including any balances as a result of not having sufficient funds available or as a result of an erroneous transfer of funds to an address under your control, regardless of the source of funds in an balance. These rights are in addition to other rights we have to take, transfer or charge funds in your profile for obligations you owe us or our affiliates. We may consider these Terms as your consent to OODLZ’s asserting its security interest or exercising its right of setoff should any laws governing your profile require your consent. If the law restricts our ability to take, transfer or setoff funds in your profile, or if some deposits are protected from attachment, levy or legal process, to the extent that you may do so by contract, you waive those conditions and limits and authorize us to apply funds in any or all of your balances with us to obligations you owe us. Exercising these rights may result in early withdrawal penalties. You hereby authorize us to file one or more financing and/or continuation statements and amendments thereto relative to all or any part of the foregoing collateral.
We hereby agree that, to the extent permitted by applicable law, you may take or set off funds in your balances, or any amounts we owe you with respect thereto, against the Obligations. If the law restricts your ability to take, transfer or setoff funds in your balances, or if some deposits are protected from attachment, levy or legal process, to the extent that we may do so by contract, we waive those conditions and limits and authorize you to apply funds in any or all of your profile balances with us to the Obligations.
14. Change of Address
You must promptly notify us of any change in your email address or mobile number. Failure to notify us may result in delay or non-receipt of OODLZ correspondence.
15. Recording and Monitoring Telephone Calls and Electronic Communications
We will record and monitor our telephone conversations with you and your electronic communications with us (chat, e-mail and other forms of electronic exchange). Unless the law requires otherwise, you consent in advance to such recording and monitoring and we do not need to remind you of these activities.
We may delay or waive any rights we have under these Terms. If we delay or waive our rights, you are still obligated to pay us fees and other amounts you may owe us under these Terms. Any delay or waiver of our rights applies only to the specific instance in which we decide to delay or waive the provision and does not affect our future rights in any way.
17. Changes in Terms
Please be aware that services can change over time. We reserve the right to discontinue or make changes to balances or services. We may change these Terms, and we may add to or delete from these Terms, and the updated agreement will supersede all prior versions. We will provide notice of changes, additions, and deletions as required by law. If we have provided advance notice and you do not agree with a change, you may close your profile(s) before the effective date of the change, addition or deletion. Your continued maintenance of your profile following the effective date of any change, addition or deletion will be subject to these Terms as so modified.
18. Digital Images & e-Signatures
We accept digital images and e-signatures, not facimile signatures, for documents that need to be signed. However, we will not be liable if use of a device was unauthorized or if the size, color or quality of the signature is different from that of any signature previously presented to us. You agree to reimburse us (and we may charge your balances) for all claims, costs, losses and damages, including reasonable attorneys’ fees, that result from our payment of a withdrawal accompanied by digital image or e-signature that we otherwise believe you authorized.
19. Closing a Profile
We have the right to close your OODLZ Profile at any time for any reason without advance notice. If your profile has a balance when you close it, we will return the remaining digital assets to you, including accrued interest earned until the close date, less any applicable penalty, unless prohibited by applicable law.
C. Electronic Services
Our platform allows you to review your balances and conduct certain other transactions online. You must maintain adequate security and control of any and all IDs, passwords, hints, or any other codes that you use to access your OODLZ Profile through our online platform. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your OODLZ Profile. We assume no responsibility for any loss that you may sustain due to compromise of your sensitive information.
2. Liability for Unauthorized Transfers from Your Account
Tell us AT ONCE if you believe that an electronic transfer has been made without your permission. Telephoning is the best way of keeping your possible losses down. You could lose all the funds in your account (plus any other OODLZ account you own). Also, if your statement shows transfers that you did not make, tell us at once. Call us immediately at the following toll-free number: 214 272 2578. You accept all risks of unauthorized access and use of your OODLZ Account.
3. Liability for Failure to Make Transfers
We will not be liable for loss or damages completing transfers to or from your balances, for instance:
1. If, through no fault of ours, you do not have enough funds in your OSB to make the transfer.
2. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
3. In the case of preauthorized credits, if the data from the third party is not received, is incomplete or erroneous.
4. If your profile is not in an active status.
There may be other exceptions stated in our agreement with you.
4. Disclosure of Account Information
We will disclose information to third parties about your account or the transfers you make:
1. Where it is necessary for completing transfers; or
2. In order to verify the existence and condition of your profile for a third party, such as a credit bureau or merchant; or
3. If you give us your written permission; or
4. If we close your profile due to a deficient balance, excessive instances when you do not have sufficient funds in your profile or to protect or enforce our legal rights; or
5. In order to comply with government agency or court orders; or
5. In Case of Errors or Questions
Call us at 214-272-2578, as soon as you can, if you think your statement is wrong or if you need more information about an item listed on the statement. We must hear from you no later than sixty (60) days after we send you or make available to you the FIRST statement on which the problem or error appeared.
1. Tell us your name and email address.
2. Describe the error or the item you are unsure about and explain as clearly as you can why you believe it is an error or why you need more information.
3. Tell us the amount of the suspected error.
If you tell us orally, we will still require that you send us your complaint or question in writing, and/or we may request additional information, within ten (10) business days. We will determine whether an error occurred within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.
Questions or Comments Our Contact Information
If there are any questions regarding our Terms of Service you may contact us using the following information:
Email: [email protected]
Effective Date: 23/02/2022