Purchaser Consent

Updated 6-28-2020

For purposes of the Purchaser Consent and Privacy Policy, we refer to Member Data (that is, data about your survey responses or behavior) as Shared Data, and to any personal Member Data (for example, your name, contact information, payment information) as Personal Data. Personal Data may or may not include your Shared Data and all Member Data is either Personal Data or Shared Data.

By purchasing a share in this Offering, you will grant us a revocable right to use your Member Data in accordance with your Purchaser Consent and also agree to be bound by our Privacy Policy and our Terms and Conditions. In general, you are agreeing that, for as long as you do not withdraw access to your Member Data by terminating your Purchaser Consent or requesting us to remove selected Member Data, your de-identified Member Data can be used in population level or representative sampling, using queries and data access policies which we believe prevent any specific individual from being reasonably identified.

For members who download and install our App, we collect information for research purposes aimed at understanding how you interact with your device and browse the internet, including the types of entertainment you watch or advertisements you see or the searches you conduct. Member Data will be passively collected as long as you keep the App installed and active on your device. The App will continually send us data in real-time as you use the device. We will periodically send surveys that must be attempted in order for your Member account to be deemed active for validation. See the section titled “Securities Being Offered—Consideration” in our Offering Circular for further information on our data collection policies for the App.

For members who provide Member Data via surveys or other methods of participation, we may collect information such as, but not limited to, Personal Data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, data concerning health or data concerning your sex life or sexual orientation. You must explicitly consent to our data policies associated with each survey to be completed by agreeing to the terms and conditions of the survey prior to starting the survey. See the section titled “Securities Being Offered—Consideration” in our Offering Circular for further information on our data collection policies for surveys.

We may also use your Member Data to improve our operational services, and as otherwise required by law. Further details are provided in our Privacy Policy.

We use cookies and similar technologies to collect website usage data and to operate our services. Cookies are required for most parts of our services such as taking surveys, accessing your member portal and requesting payment. We use both session cookies and persistent cookies to better understand how you interact with our services, to monitor aggregate usage patterns, and to personalize and otherwise operate our services such as by providing account security, preventing fraud, and remembering your website preferences.

We require information about your signup and current location, which we get from signals such as your IP address or device settings to prevent fraud and to securely and reliably set up and maintain your account. Subject to your settings, we may collect, use, and store additional information about your location—such as your current precise position to operate or personalize our services including with more relevant surveys and additional research opportunities.

A member may at any time terminate his or her Purchaser Consent, or elect to have selected Member Data removed, which will have the effect of revoking his or her Purchaser Consent as it relates to such Member Data (but not any other Member Data not removed). See the section titled “Our Limited Liability Company Operating Agreement—Redemption Rights” in our Offering Circular. Please note that your continued consent to our use of your Shared Data is required for your continued ownership of any shares issued to you in connection with the contribution of that Shared Data. If you elect to remove selected Shared Data for which you were issued ownership shares in our company, we will redeem (i.e., cancel) those shares, and you may also elect to cancel certain other shares that may have been issued to you. See the section titled “Our Limited Liability Company Operating Agreement—Redemption Rights—Additional Redemptions” in our Offering Circular. If you terminate your Purchaser Consent or delete your SavvyShares account, we will redeem all shares issued to you. We believe this is the best way to be fair to other members of our community who have not revoked access to their Member Data. Additionally, if, for any period of time, for any reason, we are unable to issue shares pursuant to this offering, we, or an affiliate, reserve the right to offer cash in exchange for Member Data to members during such period.

We will strive to apply the industry’s best practices and state-of-the-art technology to protect your information, including those practices identified in the section titled “Privacy Policy – Data Protection” in our Offering Circular. But neither we, nor anyone else, can completely guarantee the long-term security of data. While we have implemented precautions designed to avoid the potential for researchers or other third parties to learn the identity of any member who contributed a particular item or set of Member Data, we cannot provide absolute assurance that a researcher or other third party may not be able to circumvent our protections and learn or verify the identity of a specific member.

We may update the Purchaser Consent from time-to-time by notifying you of the proposed changes at least thirty (30) days before their effectiveness to provide you with the opportunity to terminate your Purchaser Consent or remove some or all of your Member Data if you do not want your Member Data to be bound by the revised terms. If you do not take one of those actions after receiving notice of those proposed changes, to the maximum extent permitted by applicable law, you will be bound by the new terms when they become effective. However, none of the changes to the Purchaser Consent may, without your explicit consent, adversely affect your basic right to terminate your Purchaser Consent (subject to the redemption of all your shares) or to remove some or all of your Member Data (subject to the redemption of shares issued therefor). When a member agrees to the Purchaser Consent, the then current version of the Purchaser Consent (including the Privacy Policy and Terms and Conditions in their then current forms) will apply to both current and prior contributions of Member Data, and to the extent the current version is inconsistent with any prior Purchaser Consent to which the member agreed (including the Privacy Policy and Terms and Conditions provided at that time) in connection with prior Member Data contributions, including any amendments to the Purchaser Consent (and Privacy Policy or Terms and Conditions), the member will agree that the current version of the Purchaser Consent (and corresponding Privacy Policy and Terms and Conditions) will govern our use of those prior data contributions after the date the member agrees to the Purchaser Consent.

In the event of a change in control or ownership of our Company or our Manager (as identified in the Terms and Conditions and Privacy Policy), the new controlling or owning party will have the same rights to use your Shared Data provided in the Purchaser Consent as we and our Manager have.