B. Salt Edge Startup Program Terms

Date Last Revised: July 2, 2018

These Salt Edge Startup Program Terms ("Terms") apply to corporate clients ("Clients") of Salt Edge Inc., including its respective affiliates, related companies, unaffiliated partners and/or licensors (together herein referred to as  "Salt Edge"), who are using (i) the financial data aggregation and enrichment services and/or (ii) the technical infrastructure enabling the provision of payment initiation services by Client, in each case delivered via application programming interfaces (including without limitation the Spectre API), software development kits, and any other services, content, tools and features as made available by Salt Edge from time to time (collectively, the "Aggregation Services"). These Terms are in addition to any terms and provisions of the collaboration agreement signed between Client and Salt Edge.


1. General Requirements 

If Client’s application ("Client Application") qualifies as a startup, as determined by Salt Edge in its sole discretion, and has been enlisted in the Salt Edge Startup Program as set out at https://www.saltedge.com/products/spectre/startup_program, as the same may be amended by Salt Edge from time to time in its sole discretion, Client agrees to be bound by the following terms and conditions, which are in addition to the terms of any collaboration agreement in effect between Client and Salt Edge:

  1. The Client Application hasn’t been publicly released yet;
  2. Client’s participation in the Salt Edge Startup Program has to be mentioned in the Client Application (e.g., on the "About" page);
  3. Client acknowledges and agrees that Salt Edge may refer to Client and Client Application as a participant in the Salt Edge Startup Program on Salt Edge’s website, in Salt Edge’s press-releases, in customer list in marketing materials and advertising resources in any medium and may use Client’s corporate name and logo (including without limitation any name and/or logo protected by trademark or copyright), product names, trademarks, brand(s) and trade name(s) that appear in conjunction with the Client Application (collectively, "Client Marks") for this purpose. Client hereby grants Salt Edge a limited, non-exclusive, royalty-free and non-transferable license to use Client Marks for this purpose during Client’s participation in the Salt Edge Startup Program. Salt Edge shall not use Client Marks for any other purpose without Client’s prior written consent; and
  4. Client agrees to participate in case studies that Salt Edge may decide to conduct from time to time in connection with Client’s use of the Aggregation Services and/or Client’s participation in the Salt Edge Startup Program. Client acknowledges and agrees that Client shall not be entitled to receive any remuneration for its participation in such case studies. Salt Edge may freely use any feedback, suggestions or ideas that Client may provide during such case studies ("Case Study Feedback"). Client hereby grants Salt Edge a perpetual, worldwide, fully transferable, sub-licensable, non-revocable, royalty-free license to use the Case Study Feedback that Client submits to Salt Edge. Salt Edge may put the Case Study Feedback in various uses, that may include but are not limited to modifying and improving the Aggregation Services, Salt Edge’s other current and future services/products, services advertising and marketing materials. Salt Edge reserves the right to incorporate Client’s Case Study Feedback into the Aggregation Services and if so incorporated, the Case Study Feedback shall form part thereof and shall become Salt Edge’s intellectual property.

2. Salt Edge’s Discretion 

Client acknowledges and agrees that Salt Edge may, in its final and absolute discretion, deny participation of any Client Application in the Salt Edge Startup Program for any reason, even if such Client Application conforms to all of the terms and conditions offered herein. Salt Edge shall have no responsibility or liability for any liabilities, losses, lost profits, potential lost business opportunities or damages that might arise in relation to Salt Edge’s evaluation and rejection of any Client Application from the Salt Edge Startup Program.