AI BUSINESS SCHOOL – TERMS AND CONDITIONS Effective Date: 19 June 2020 / Last Modified Date: 22 March 2023 AI Business School AG, Kantonsstrasse 56, 8807 Freienbach, Switzerland (“AIBS”, “we”, “us” or “Provider”), offers its products and services (“services”) to its Users in accordance with the following terms and conditions (“terms and conditions” or “Agreement”), and any other terms or guidelines which we declare applicable. By becoming a user of our Services, the User agrees to all terms and conditions within this Agreement. If the User does not agree with all of the provisions of this Agreement, the User must cease all access to, and use of, SaaS platform, courses and any other services provided by AIBS. The provisions of these terms and conditions apply to Users purchasing online programs and registering to a user account as well as Users whose access is provided through their employer. Some provisions may only apply to a certain group of Users. In certain cases, AIBS may also declare terms and conditions of third party providers who offer content through AIBS to be applicable. However, this only applies if AIBS explicitly states so. In all other cases terms and conditions of third parties are excluded. Therefore, the User agrees to the terms and conditions as defined in these terms and conditions: Amendments and Updates Provider reserves the right to adjust the products and services offered, continuously and at any time. Consequently, Provider is also entitled to adjust the terms and conditions at any time. The terms and conditions that are listed on the SaaS platform at the time of the use are applicable. The User agrees that all modifications or changes to this Agreement are in force and enforceable immediately upon posting and will apply to all content and information submitted to and/or retained by AIBS and any other relationship between the Provider and the User. Any updated or edited version supersedes any prior versions immediately upon posting, and the prior version is of no continuing legal effect unless the revised version specifically refers to the prior version and keeps the prior version or portions thereof in effect. As a specific exception to the foregoing, no update or change to this Agreement will affect the financial obligations owed by the User to the Provider, which will exclusively be governed under the version of this Agreement published when the order was placed. The Provider agrees that if it changes anything in this Agreement, Provider will change the “last modified date” at the top of this Agreement so that it is immediately obvious that Provider has updated the Agreement. The User agrees to periodically re-visit the SaaS platform websites, and to use the “refresh” button on his browser when doing so. The User agrees to note the date of the last revision to this Agreement. If the “last modified date” remains unchanged from the last time the User reviewed this Agreement, then the User may presume that nothing in the Agreement has been changed since the last time the User read it. If the “last modified date” has changed, then the User can be certain that something in the Agreement has been changed, and that the User needs to re-review it in order to determine how the User’s rights and responsibilities may have been affected by the revisions. In the event any court deems acceptance of a modification to this Agreement to be ineffective for any reason, the parties intend for the most recent, previously accepted version of the Agreement to be enforced. Services AIBS offers services in the area of education by providing a broad range of educational programs, courses, learning modules and instruments as well as supporting activities. The education and learning services of AIBS include online programs and courses, webinars, classroom courses, physical workshops, interactive project work (individual as well as group / team projects), project reviews, mentoring by instructors, quizzes, reflection exercises, examinations, certifications and certificates, onsite visits and camps, conferences, career advice and mentoring, alumni services and further education related activities. Educational services are provided in either physical, online, and often blended form which means in a combined form. AIBS also offers access to a virtual learning platform with a browser version as well as with mobile applications for Android and iOS devices (“the platforms”). AIBS reserves the right to discontinue or modify the services provided to the User, also without notice to the User. Provider is not liable for any modification or discontinuation of the services. Intellectual Property related to the content and services provided by AIBS Except the content provided by Users, the content and products and services on the platforms of AIBS as well as during its physical classroom activities, especially information, documents, products, courses, speeches, videos, quizzes, reflection exercises, cases and projects, certificates, brands, logos, graphics, sounds, graphical user interfaces, software and services has been developed either by AIBS or a provider, developer, or other partner acting on behalf of AIBS. The underlying intellectual property rights remain at any time exclusive and full property of AIBS. The content and the components of the platform may not be reproduced, distributed, reverse-engineered, decompiled, disassembled in whole or in part, be copied or imitated, and it is prohibited to affect the display of the pages or the services in general. The name of the Provider, logos and other elements are protected by law. In particular, “AIBS” respective its derivatives are registered trademarks by the Provider. All other trademarks and logos used on the platforms are trademarks or logos of their respective owners. The User may not decompile or extract the source code of the underlying elements on the Provider’s websites (the tools, methods, processes, and infrastructure) or that of any other software on the platforms of AIBS. License The User is entitled to use the Saas platform and all services contained therein personally in accordance with these terms and conditions. Any commercial distribution of the products, content and services is prohibited. AIBS is entitled to withdraw the User’s right of use at any time without giving reasons, without the User being able to claim compensation, if there is any suspicion of a violation of legal provisions or of provisions of this Agreement. In legal terms, the license granted by the Provider to the User is a revocable, worldwide, non-exclusive license to access the serviced provided by AIBS, to display and to use the products, services and content in accordance with this Agreement, at the User’s location solely as necessary to participate in the courses and other services. All other use of the products, services and content needs and explicit written permission of AIBS in each particular case. Any use shall not be considered as an assignment of any intellectual property rights. In particular, all content may not be published or distributed. Privacy Policy We store user data in compliance with the applicable legal requirements. Our Privacy Policy, which forms part of these terms and conditions, can be found here: www.aibusinessschool.com/privacy-policy Registration and Access For certain services, The User must establish a user account (“Account”) with the Provider, which requires specific registration, identification, and payment information, in the discretion of the Provider. The User warrants and represents that all information provided in connection with registration for an Account is true and correct. The User is permitted to create only one Account, and transfer or sale of the same is prohibited. Registration for an Account may be denied, suspended, or revoked by the Provider at any time, in the Provider’s discretion, if the User fails to meet or comply with the Provider’s guidelines, quality assurance evaluation, anti-fraud policies, or customer authentication efforts. Users who have been rejected, suspended, denied, or banned from establishing an Account shall not attempt to register another Account using the same or different registration information. Any such circumvention efforts shall be deemed to be fraudulent and unlawful. The User shall be responsible for all uses and/or activities conducted through the User’s Account, whether or not authorized by the User.Furthermore, the User assures that he/she will never enter a false e-mail address or other contact info or otherwise impersonate another person in the course of use. In this sense, the User is also responsible for ensuring that he alone uses the services and not a third party who may have the User’s access data. The User must therefore also ensure that he uses a password that complies with the usual security standards for online traffic, and he will also change it regularly to exclude the risk of unauthorised access. The User agrees to immediately notify AIBS of any unauthorized access or use of the User’s Account. The Provider disclaims any and all liability resulting from fraudulent access and/or use of the website via the User’s Account. User’s Responsibility AIBS may provide online forums or other ways which enable the User to upload content, such as posts, audio and video content. The User is solely responsible for any content submitted to AIBS by the User and all provisions of this Agreement shall apply to such content. The User accepts that all such traffic on the Saas platform of AIBS may be monitored and stored. The User agrees always to provide true information about him, and not to violate any law, guidelines and provision of this Agreement. In particular, the User will not set up multiple accounts, sell accounts or portions of the services provided by AIBS. The User will not encourage other users to violate any rights. AIBS does not tolerate distribution of illegal content. This applies in particular, but not conclusively, to provisions of copyright, personal rights, trademark, criminal, youth protection, data protection and competition law. Content that violates applicable law, is obscene, harassing, defamatory, hateful, abusive, or is suspected of violating applicable law will be deleted immediately upon detection and the User’s account may be blocked. The User guarantees any content uploaded is free of viruses, trojans or other programs that could endanger or impair the functionality or the existence of the platform of the Provider or of third parties, and the User will not disclose any information that is or might be confidential. The User indemnifies the Provider from claims of third parties which are raised as a result of or in connection with the upload of own content and these provisions and in connection with the use of services of AIBS in general against the Provider, his employees, vicarious agents, companies, partners and representatives, including any legal costs. Notification of Copyright Infringement If the User discovers presumed copyright or other legal infringements within the services, these can be reported to the following contact of the Provider: • Via e-mail: support@aibusinessschool.com • Via mail: AIBS AG, Copyright Agent, Kantonsstrasse 56, 8807 Freienbach, Switzerland. Such notification shall include: • Your address, e-mail-adress, phone number and electronic or physical signature; • identification of the works which may be an infringement of rights; • an indication of the good belief that the use of the referenced works are not authorized by the rights owner; • a declaration, under penalty of perjury, that this notice is true and correct and that you are the copyright owner or entitled representative of the copyright owner. Termination AIBS may, in its sole discretion, deactivate the accounts of the User or terminate the User’s use of the services provided by AIBS, without limitation, if AIBS believes that the User has violated the terms and conditions, or violated the intellectual property rights of AIBS or of any third party; or posted, uploaded or transmitted any unauthorized content on the services; or violated or acted inconsistently with other applicable terms or laws. The termination of the User’s access to the services may be effected without notice and AIBS shall not be liable to the User or to any third party for any termination of the user account or the User’s access to online programs, courses or other services provided by AIBS. Disclaimer / Limitation of Liabilities Disclaimer: The User expressly agrees that User’s use of the services provided by AIBS is at User’s sole and exclusive risk. The services are provided on an “as is, with all faults” and “as available” basis. AIBS expressly disclaims all warranties of any kind, whether express or implied, including, without limitation, the implied warranties of merchantability, fitness for a particular purpose, quality and non-infringement, to the maximum extent provided by law. AIBS makes no warranty that the services will meet User’s requirements, or that the services will be uninterrupted, timely, secure, or error free; nor does AIBS make any warranty as to the results that may be obtained from the use of the services, or as to the accuracy or reliability of any information obtained through the services. User understands and agrees that any use it makes of any material or otherwise obtained through the use of the services is at User’s own discretion and risk, and that User will be solely responsible for any damage that results from the service. Furthermore, User also agrees that any information located anywhere on the network of the Provider solely reflects the opinions of the authors. User hereby agrees that any reliance on such information is solely User’s decision and User further agrees to waive any claims of liability that may arise from User’s decision to follow any advice that may be contained in any information. Limitation of liabilities: User understands and agrees that to the maximum extent permitted by applicable law, in no event shall AIBS be liable for any damages whatsoever to User or to any person or entity claiming rights (including, without limitation, damages for loss of business profits, business interruption, loss of business information, and other special, exemplary, punitive, indirect, incidental or consequential damages or any other pecuniary loss) related to, based upon, or arising out of this agreement, the services provided by AIBS, reliance on the content posted on the Provider’s network. User acknowledges that the foregoing sentences reflects an informed, voluntary allocation between the parties of the risks (known and unknown) that may exist in connection with this agreement, that such voluntary risk allocation was a material part of the bargain between the parties, and that the economic or other terms of this agreement are in reliance on such voluntary risk allocation. In any case, the Provider’s entire liability under any provision of this agreement in the aggregate shall be limited in the aggregate to a total of no more than the yearly amount the User paid to the Provider in relation to the services provided by AIBS. For avoidance of doubt, to the extent an indemnification or release is provided in favor of or for the benefit of the Provider, such indemnification or release shall extend to the Provider’s agents, affiliates, employees, officers, directors, shareholders, attorneys, vendors, contractors, predecessors, successors and assigns. Provider’s Role as Online Service Provider The operation of services of the Provider may be affected by technical circumstances beyond the Provider’s control. The Provider strives to keep any downtime as short as possible and to take care that all services are continuously available. However, there is no legal claim to a permanent accessibility and up time. Claims for damages arising from the use of or inability to use or restricted use of the platform are expressly excluded. The Provider declines all responsibility and liability for data security (especially, but not limited to transmission, confidentiality, integrity and availability) in connection with the transmission or other use of the data). Relationship of User and Provider The relationship between the Provider and the User under this Agreement is that of independent contractors and neither shall be, nor represent themselves to be, a partner, franchiser, franchisee, broker, employee, servant, agent, or representative of the other for any purpose whatsoever. The User understands that any access to the products and services of AIBS may be prohibited from certain territories. If the User chooses to access the products and services, the User acknowledges that he/she does so on own initiative and at own risk, and that such behaviour is in compliance with all applicable laws and regulations. Interpretation If the terms and conditions contain contradictions or gaps, it is on the basis of purpose, meaning and spirit as well as the principle of good faith and mutual interests of the parties that it will be determined which scheme appears to be adequate. Should any provision be or become invalid, this shall not affect the validity of the remaining provisions. Assignment The User is not entitled to assign its rights and obligations under this Agreement to a third party. Applicable Law and Jurisdiction This agreement is subject to Swiss law, excluding its conflict of law regulations of private international law. The exclusive Place of Jurisdiction shall be at the domicile of AIBS.