Common use of Eligibility for Participation Clause in Contracts

Eligibility for Participation. The Program is open to established fintech companies with ready Products or at least Proof of concept (Products/Solutions), which address the Program’s market challenges (the Challenges). There is no nationality or residency requirement for participating in the Program. Representations and Warranties By participating in the Program, You represent, warrant and agree that You: ● satisfy all of the eligibility requirements and criteria set forth in these Terms and Conditions; ● are the original creator of the Products/Solutions; ● are the sole owner of, or they have obtained all necessary and appropriate rights, licenses, and permissions to use, the Product/Solution and all content in and on the Product/Solution and their presentations; ● the Product/Solution does not infringe or violate any Third-Party Rights, and none of the Organizer or Visa Parties will infringe any Third-Party Rights when they copy, display, modify, transmit or otherwise use the Product/Solution in connection with the Program or in any other way contemplated herein; and ● the Product/Solution is not the subject of any actual or threatened litigation, claim, or dispute; ● will deliver a non-confidential summary of the Products/Solutions, including how Products/Solutions have evolved during the course of the Program, which will be shared with Visa, Visa Clients and PoC Partners. For avoidance of doubt, the summary shall not include technical details that could be considered trade secrets and instead could be at a level similar to marketing material; ● if invited, will attend a demo day event, which is organized by the Organizer, where You shall present Your Products/Solutions to Visa and Visa Clients and such presentation will be a non-confidential summary of the Products/Solutions, which does not include any technical details that could be considered trade secrets and instead could be at a level similar to marketing material; ● if invited by Visa, shall enter into good faith negotiations with Visa for further development and/or commercialization of the Products/Solutions prior to entering negotiations with any third party; ● will consider in good faith any proposals made by Visa and/or Visa Clients to further develop, pilot, or otherwise commercialize Your Products/Solutions. ● if invited, may voice your experience in the program by taking part (for free) in photographs, videos or audio recordings in advertising materials for the Visa Innovation Program Europe and you consent to the use by the Organizer and Visa of your image, video, voice, or all three of them, in the items described above. In addition, you waive any right to inspect or approve the finished advertising material. You agree that such pictures, video or audio recordings and any reproduction thereof shall remain the property of the Organizer and the Organizer may use it and distribute it among the partners of the Visa Innovation Program Europe as it sees fit. You understand that these images and videos may appear publicly as part of the Organizer and Visa website and digital channels and/or other marketing and trade material free of charge. ● allow both Visa and the Organizer to mention your company and founder(s) names in all press and other publicity and marketing materials, distributed with regards to the Program, including social media. ● are restricted from making any publicity statements (including on social media) about your involvement in the Program without prior written consent from Visa (via the Organizer). ● shall, at the request of the Organizer, promptly withdraw any posts on any Social Media or materials that include any statements or marks, which, in Visa’s opinion, do not comply with the provisions of Visa’s brand.

Eligibility for Participation. The Program is open to established fintech companies with ready Products or at least Proof of concept (Products/Solutions), which address the Program’s market challenges (the Challenges). There is no nationality or residency requirement for participating in the Program. Representations and Warranties By participating in the Program, You represent, warrant and agree that You: ● satisfy all of the eligibility requirements and criteria set forth in these Terms and Conditions; ● are the original creator of the Products/Solutions; ● are the sole owner of, or they have obtained all necessary and appropriate rights, licenses, and permissions to use, the Product/Solution and all content in and on the Product/Solution and their presentations; ● the Product/Solution does not infringe or violate any Third-Party Rights, and none of the Organizer or Visa Parties will infringe any Third-Party Rights when they copy, display, modify, transmit or otherwise use the Product/Solution in connection with the Program or in any other way contemplated herein; and ● the Product/Solution is not the subject of any actual or threatened litigation, claim, or dispute; ● will deliver a non-confidential summary of the Products/Solutions, including how Products/Solutions have evolved during the course of the Program, which will be shared with Visa, Visa Clients and PoC Partners. For avoidance of doubt, the summary shall not include technical details that could be considered trade secrets and instead could be at a level similar to marketing material; ● if invited, will attend a demo day event, which is organized by the Organizer, where You shall present Your Products/Solutions to Visa and Visa Clients and such presentation will be a non-confidential summary of the Products/Solutions, which does not include any technical details that could be considered trade secrets and instead could be at a level similar to marketing material; ● if invited by Visa, shall enter into good faith negotiations with Visa for further development and/or commercialization of the Products/Solutions prior to entering negotiations with any third party; ● will consider in good faith any proposals made by Visa and/or Visa Clients to further develop, pilot, or otherwise commercialize Your Products/Solutions. ● if invited, may voice your experience in the program by taking part (for free) in photographs, videos or audio recordings in advertising materials for the Visa Innovation Program Europe and you consent to the use by the Organizer and Visa of your image, video, voice, or all three of them, in the items described above. In addition, you waive any right to inspect or approve the finished advertising materialvideo recording. You agree that such pictures, video or audio recordings and any reproduction thereof shall remain the property of the Organizer and the Organizer may use it and distribute it among the partners of the Visa Innovation Program Europe as it sees fit. You understand that these images and videos may appear publicly as part of the Organizer and Visa website and digital channels and/or other marketing and trade material free of charge. ● allow both Visa and the Organizer to mention your company and founder(s) names in all press and other publicity and marketing materials, distributed with regards to the Program, including social media. ● are restricted from making any publicity statements (including on social media) about your involvement in the Program without prior written consent from Visa (via the Organizer). ● shall, at the request of the Organizer, promptly withdraw any posts on any Social Media or materials that include any statements or marks, which, in Visa’s opinion, do not comply with the provisions of Visa’s brand.