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This agreement is applicable to all visitors to www.prefilms.com ("Website") and is between the visitor and PreFilms LLC. ("Company"). Please read this agreement carefully before using this website.

You will be deemed to agree to the terms and conditions set herewith by browsing the Website or by contributing any content to the website either by uploading or typing it directly in any section of the Website or by emailing any content to the Company for inclusion on the Website.

The Service

The Website provides an online platform for certain users ("Owners") of the Website to create a business profile ("Business") and conduct a fundraising campaign ("Offering"), as described in sub-section Offerings below, or list as a prospect ("Prospect") for a future Offering for their entrepreneurial venture(s), as described in the sub-section Prospects below. The Website also allows certain users of the Website (referred as "Investors", "Backers" or "Contributors") to express their interest in Prospects or to contribute or invest money in the Offerings created by the Owners.

Offerings

Owners can create Offerings on the Website by uploading or emailing to the Company, various content, including but not limited to, images, graphics, illustrations, sketches, videos, audio files, data, textual content and written works (collectively "Content"). Owners can offer equity to Investors and, optionally, certain rewards (equity and rewards reffered collectively as "Incentives") in return of monies invested by them ("Investment") through Prefilms.

The Company, in its sole discretion, may reject any Offering from publishing it on the Website if it feels that it might not be suitable for its visitors ("Users") or if the Offering breeches any of the Business and Offering guidelines mentioned in the FAQs or if it believes that the Business or the Offering might be in violation of the Securities Act of 1933 or the rules prescribed by the US SEC or the laws of United States of America ("Laws"). The Company reserves the right to suspend, resume, extend, shorten the length of an Offering or increase or decrease the target amount of funds ("Target") being raised at any time when an Offering is live on the Site.

Prospects

Owners can list their Business on the Website in the prospects section by uploading or emailing Content to the Company. When listed as a Prospect, Users will have the option to express their interest in the Business and enter an optional amount that they might invest in the Business if the Business conducts an Offering in the future. The Business understands that any amount entered by the Users to show their interest is non-binding on the Users to invest the said amount if the Business lists an Offering nor is it obligatory for the Website to collect the said amount from the Users.

The Company, in its sole discretion, may reject any request for listing as a Prospect from publishing it on the Website if it feels that it might not be suitable for the Users or if the Business breeches any of the Business guidelines mentioned in the FAQs or if it believes that the Business or its listing as a Prospect might be in violation of the Laws. The Company reserves the right to suspend, resume, extend, shorten the length of listing as Prospect or remove the Business or its listing as Prospect on the Website in its sole discretion without offering any reason to the Owner.

User Content

By adding any Content on the Website, you grant the Company a non-exclusive world-wide license to use, in original or modified form, the Content for the purpose of promotion of the Offerings, Prospects or the Company itself in any part of the Website or at any online or offline advertising and non-advertising platform without seeking any further consent from you. Any information provided by you or that is collected by the Website is guided by the Company"s privacy policy as outlined here.

Acceptance of Terms

The Services offered by the Website are subject to the acceptance of all the terms and conditions, unconditionally, as set forth in this agreement. If you have any objection or if you do not agree to any of the terms set here then you are requested to exit the Website immediately.

The Company, in its sole discretion, reserves the right to alter, modify, replace or delete any of the terms set here in this agreement without any prior notice to the Users or the Owners. You will be responsible to check the Terms of Use, as updated from time to time, and agree to the modified terms before using or re-using the Website.

The Website is only available for users who are 18 years or older or the age limit set by the applicable law in the User's jurisdiction. By agreeing to this agreement, you agree and warrant that you are 18 years or older or older than the applicable law for such Services in your jurisdiction.

Rules

You agree that any Content provided by you to the Website or the Company by uploading directly on the website or by emailing or otherwise providing to the Company for inclusion on the Website:

  • does not infringe any trademark or copyright or is content that legally belongs to a non-consenting third-party;
  • is legally allowed to be displayed on a public website;
  • is not false or misleading;
  • does not infringe the rights of or is abusive to any individual, group, religion or any other group identified by law;

Investors

Owners may provide Incentives to Investors on the Website whose fulfillment is the sole responsibility of the Owners. Investors are advised that before making any monetary or non-monetary Investment in the Offering, they should ascertain the ability of the Owners to provide such Incentives. The Company does not guarantee the fulfillment of such Incentives by the Owners and is not responsible for any loss to the Investors resulting from their Investment through the Website on the basis of representations and assurances given by the Owners.

Investors may express their interest ("Interest") in any of the Businesses listed on the Website in the Prospects section by entering an optional investment amount for a future Offering by the Business. The Company does not gurantee that the Business will conducting any such Offering in the future nor does it gurantee that any such future Offering will happen only on its Website. The Investors understand that their Interest along with their name might be shared with the Investors.

Fee

The Company might charge certain fees from the Owners on all Investments received by them on the Website. Investors and Owners agree to the fees charged and disclosed to the Owners as and when applicable. All Investments made on the Website are charged via WePay Inc. The Company is not responsible for any actions of WePay Inc.

Last updated: October 24, 2013