RIOBETA TERMS AND CONDITIONS

Last Updated: September 14, 2023

To be eligible to register for a Riobeta account in order to use the Services, or to continue using the Services, you must review and accept this Agreement by clicking on the �I Accept� button or other mechanism provided.

BY REGISTERING FOR AND/OR USING THE SERVICES IN ANY MANNER, YOU AGREE THAT YOU HAVE READ, UNDERSTAND, AND ACCEPT THIS AGREEMENT AND ALL OTHER OPERATING RULES, POLICIES, AND PROCEDURES IT REFERS TO. ONCE ACCEPTED, THIS AGREEMENT SHALL CONSTITUTE A LEGALLY BINDING AGREEMENT BETWEEN YOU AND RIOBETA AND SHALL SUPERSEDE ANY EXISTING AGREEMENT YOU MAY HAVE WITH US EXCEPT WHERE OTHERWISE COMMUNICATED. PLEASE BE AWARE THAT BY CONTINUING TO USE OUR SERVICES AFTER 10 SEPTEMBER 2019 (OR 1 NOVEMBER 2019 RESPECTIVELY), YOU ARE ACCEPTING THIS AGREEMENT. IF YOU DO NOT AGREE TO BE BOUND BY THIS AGREEMENT, YOU SHOULD NOT USE THE SERVICES.

In this Agreement, we, us, our or Riobeta will refer to Riobeta and its subsidiaries/affiliates existing from time to time, and the terms you, your, and Client will refer to you. If you are registering for an account in order to use the Services on behalf of an organization, then you are entering into this Agreement on behalf of that organization and represent and warrant that you have the authority to bind that organization to this Agreement (and, in which case, the terms you, your, and Client will refer to that organization). Riobeta and the Client are each referred to in this Agreement as a Party and collectively as the Parties.

1. Definitions

1.1 In this Agreement, unless otherwise specified, the following words shall have the meanings next to them:

Affiliate: means in relation to a Party, any other body corporate directly or indirectly, Controlling, Controlled by, or is under common Control with, such Party and Affiliates shall be construed accordingly;
API Key: means the unique and secret authentication code issued to you on the User Account which you shall use to access the API Platform;
API Platform: means Riobeta�s application programming interface platform accessible on the Site;
Control: means, in relation to a body corporate, the power or ability of a person to secure that the affairs of the body corporate are conducted directly or indirectly in accordance with the wishes of that person: (1) by means of the holding of shares, or the possession of voting power, in or in relation to that or any other body corporate; or (2) by virtue of any powers conferred by the articles of association, or any other document, regulating that or any other body corporate, and Controlling and Controlled shall be construed accordingly;
Disclosing Party: means a Party that discloses Confidential Information;
Force Majeure Event: means any happening or event which is beyond the reasonable control of a Party and which negatively affects a Party�s performance of its obligations or makes such performance impossible or so impracticable as to be considered impossible in the circumstances including acts of God, riots, war, armed conflict, civil strife, acts of terrorism, acts of government, the Regulator or other regulators, fire, power outages, material adverse weather conditions including flood, storm or earthquake, or disaster, geographical topography, or the unexpected refusal, or inability or delay by a third party to supply goods or services to a Party;
Intellectual Property: means any and all patents, trademarks, copyrights, inventions, Works, trade names, domain names, rights in get-up, rights in goodwill or to sue for passing off, rights in designs, rights in computer software, database rights, rights in Confidential Information, know-how, trade secrets, discoveries, creations, inventions or improvements upon or additions to an invention, moral rights, any research effort relating to any of the above and any other intellectual property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for, and renewals or extensions of, such rights and all similar or equivalent rights or forms of protection which may now or in the future subsist in any part of the world;
Network Provider: means a network provider in a country Riobeta operates in and Network Providers shall be construed accordingly;
Personal Data: means any information relating to an identified or identifiable natural person; an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;
Person: includes a natural person, body corporate, unincorporated venture, trust, joint venture, association, statutory corporation, state, state agency, governmental authority, or firm;
Receiving Party: means a Party that receives Confidential Information;
Regulator: means the relevant regulatory authority in a country Riobeta operates in that governs telecommunications or payments;
Representatives: means a Party�s directors, officers, employees, or agents;
Service Order Form: means the service order form(s) executed by you and Riobeta, which describes the specific Service you have requested and the applicable pricing of the Services, which shall form part of this Agreement;
Site: means Riobeta�s website being http://riobeta.com.ng/;
Stash: means your wallet in the User Account to which you load a value of money to utilize in respect of the Services.