TERMS OF SERVICE

Please read these terms of service ("agreement" or "terms of service") carefully before using the application and merchant portal and services offered by OKMatrix Co,.Ltd ("VFUN"). This agreement sets forth the legally binding terms and conditions for your use of the webmobile application at http://vfun.okmatrix.com (the "mobile application") and all services provided by VFUN on the mobile application.

By using the application and merchant portal in any manner, including but not limited to visiting or browsing the Mobile application, you (the "merchant" or "you") agree to be bound by this Agreement, including those additional terms and conditions and policies referenced herein and/or available by hyperlink. This Agreement applies to all merchants of the Mobile application.

1. VFUN is a Marketplace

VFUN acts as a marketplace to allow merchants who comply with VFUN 's policies to offer and sell certain goods within an optimized-price format. VFUN is not directly involved in the transaction between buyers and sellers. As a result, VFUN has no control over the quality, safety, morality or legality of any aspect of the items listed, the truth or accuracy of the listings, the ability of sellers to sell items or the ability of buyers to pay for items. VFUN cannot ensure that a buyer or seller will actually complete a transaction.

Consequently, VFUN does not transfer legal ownership of items from the seller to the buyer.

VFUN cannot guarantee the true identity, age, and nationality of a merchant or buyer. VFUN encourages you to communicate directly with potential transaction partners through the tools available on the Mobile application.

You agree that VFUN is a marketplace and as such is not responsible or liable for any content, for example, data, text, information, usernames, graphics, images, photographs, profiles, audio, video, items, and links posted by you, other merchants, or outside parties on VFUN . You use the VFUN service at your own risk.

2. Membership Eligibility

Age: VFUN 's merchant services are available only to, and may only be used by, individuals who are 18 years and older who can form legally binding contracts under applicable law. You represent and warrant that you are at least 18 years old and that all registration information you submit is accurate and truthful. VFUN may, in its sole discretion, refuse to offer access to or use of the Mobile application to any person or entity and change its eligibility criteria at any time. This provision is void where prohibited by law and the right to access the Mobile application is revoked in such jurisdictions.

Individuals under the age of 18 must at all times use VFUN 's services only in conjunction with and under the supervision of a parent or legal guardian who is at least 18 years of age. In this all cases, the adult is the merchant and is responsible for any and all activities.

Compliance: You agree to comply with all local laws regarding online conduct and acceptable content. You are responsible for all applicable taxes. In addition, you must abide by VFUN 's policies as stated in the Agreement and the VFUN policy documents listed below (if applicable to your activities on or use of the Mobile application) as well as all other operating rules, policies and procedures that may be published from time to time on the Mobile application by VFUN , each of which is incorporated herein by reference and each of which may be updated by VFUN from time to time without notice to you:

  1. Merchant Policy
  2. Return Policy
  3. Privacy Policy
  4. Payment Policy

In addition, some services offered through the Mobile application may be subject to additional terms and conditions promulgated by VFUN from time to time; your use of such services is subject to those additional terms and conditions, which are incorporated into this Agreement by this reference.

Password: Keep your password secure. You are fully responsible for all activity, liability and damage resulting from your failure to maintain password confidentiality. You agree to immediately notify VFUN of any unauthorized use of your password or any breach of security. You also agree that VFUN cannot and will not be liable for any loss or damage arising from your failure to keep your password secure. You agree not to provide your username and password information in combination to any other party other than VFUN without VFUN 's express written permission.

Account Information: You must keep your account information up-to-date and accurate at all times, including a valid email address. To sell items on VFUN you must provide and maintain valid payment information such as a valid PayPal account.

Account Transfer: You may not transfer or sell your VFUN merchant account and username to another party. If you are registering as a business entity, you personally guarantee that you have the authority to bind the entity to this Agreement.

Right to Refuse Service: VFUN 's services are not available to temporarily or indefinitely suspended VFUN members. VFUN reserves the right, in VFUN 's sole discretion, to cancel unconfirmed or inactive accounts. VFUN reserves the right to refuse service to anyone, for any reason, at any time.

3. Fees and Billing

Joining and setting up a store on VFUN is free. VFUN does not charge fees for listing an item for sale. Depending on your agreement with VFUN, VFUN will either charge a quarterly subscription fee or a percentage or a set amount of the sale price when the item sells. VFUN may, at VFUN 's sole discretion, change some or all of VFUN 's services at any time. In the event VFUN introduces a new service, the fees for that service are effective at the launch of the service. Unless otherwise stated, all fees are quoted in US Dollars (USD).

In certain situations, including but not limited to a void or invalid transaction, VFUN may issue a credit for the applicable fees to a seller's billing statement.

You are responsible for paying all fees and applicable taxes associated with using and selling on VFUN .

Price: Merchants are required to list prices and shipping costs for the products they sell through the VFUN Marketplace. VFUN will pay merchants based on the prices and shipping costs that they list for their products, either paying out a percentage of the price and shipping cost or a set amount based on the price and shipping cost. VFUN reserves the right to adjust the prices or shipping costs displayed to users to optimize sales for our merchants. This does not affect the amount or percentage VFUN has agreed to pay to merchant for their orders. 

A merchant's shipped transactions may be eligible for payment within 30 days of their shipment dates. Transactions that cannot be confirmed as shipped may be ineligible for payment. VFUN will pay merchants for their eligible transactions once a month. This payment will be a net amount: the merchant's prices (product and shipping) less our charge, per the revenue share or cost agreement with VFUN .

4. Listing and Selling

Listing Description: By listing an item on the Mobile application you warrant that you and all aspects of the item comply with VFUN 's published policies. You also warrant that you may legally sell the item. You must accurately describe your item and all terms of sale in your VFUN shop. Your listings may only include text descriptions, graphics, pictures and other content relevant to the sale of that item. All items must be listed in an appropriate category with appropriate tags. Each listing must accurately and completely describe the item/items for sale in that listing. If the "in stock" quantity is more than one, all items in that listing must be identical.

Shop Policies: All sellers are urged to outline shop policies for their VFUN shop. These policies may include, for example, shipping, returns, payment and selling policies. Sellers must create reasonable policies in good faith and must abide by such policies. All shop policies must comply with VFUN 's mobile application-wide policies. Sellers are responsible for enforcing their own reasonable shop policies. VFUN reserves the right to request that a seller modify a shop policy.

Binding Sale: All sales are binding. The seller is obligated to ship the order or otherwise complete the transaction with the buyer in a prompt manner, unless there is an exceptional circumstance, such as: (a) the seller has a family emergency or (b) the seller is out of town.

Fee Avoidance: The price stated in each item listing description must be an accurate representation of the sale. Sellers may charge reasonable shipping and handling fees to cover the costs for packaging and mailing the items. Sellers may not charge excessive shipping fees or otherwise avoid fees. You may not alter the item's price after a sale for the purpose of avoiding VFUN transaction fees, misrepresent the item's location, or use another merchant's account without permission.

5. Prohibited, Questionable and Infringing Items and Activities

You are solely responsible for your conduct and activities on and regarding to VFUN and any and all data, text, information, usernames, graphics, images, photographs, profiles, audio, video, items, and links (together, "Content") that you submit, post, and display on VFUN .

Restricted Activities: Your Content and your use of VFUN shall not:

  1. Be false, inaccurate or misleading
  2. Be fraudulent or involve the sale of illegal, counterfeit or stolen items
  3. Infringe upon any third-party's copyright, patent, trademark, trade secret or other proprietary or intellectual property rights or rights of publicity or privacy (see also, VFUN 's Copyright and Intellectual Property Policy)
  4. Violate this Agreement, VFUN ’s Merchant Policy, any mobile application policy or community guidelines, or any applicable law, statute, ordinance or regulation (including, but not limited to, those governing export control, consumer protection, unfair competition, anti-discrimination or false advertising)
  5. Contain items that have been identified by the U.S. Consumer Products Safety Commission (CPSC) as hazardous to consumers and therefore subject to a recall
  6. Be defamatory, trade libelous, unlawfully threatening, unlawfully harassing, impersonate or intimidate any person (including VFUN staff or other merchants), or falsely state or otherwise misrepresent your affiliation with any person, through for example, the use of similar email address, nicknames, or creation of false account(s) or any other method or device
  7. Be obscene or contain pornography, nudity, or adult material
  8. Contain or transmit any code of a destructive nature that may damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data or personal information
  9. Host images not part of a listing
  10. Modify, adapt or hack VFUN or modify another webmobile application so as to falsely imply that it is associated with VFUN
  11. Appear to create liability for VFUN or cause VFUN to lose (in whole or in part) the services of VFUN 's ISPs or other suppliers
  12. Link directly or indirectly, reference or contain descriptions of goods or services that are prohibited under this Agreement, VFUN ’s Merchant Policy, or other policy documents as posted on VFUN .
  13. Solicit business for, direct sales to, or promote any webmobile application, service, or entity outside of VFUN

Furthermore, you may not list any item on VFUN (or consummate any transaction that was initiated using VFUN's service) that could cause VFUN to violate any applicable law, statute, ordinance or regulation, or that violates the Terms of Use.

Counterfeit Products

If VFUN determine (in its sole discretion) that you are selling counterfeit goods, you agree that, without limiting any of VFUN ’s rights under this Agreement or at law, VFUN may (in its sole discretion) suspend or terminate your selling privileges or cause payments to you to be withheld or forfeit.

6. Content

License: VFUN does not claim ownership rights in your Content. You grant VFUN a license solely to enable VFUN to use any information or Content you supply VFUN with, so that VFUN is not violating any rights you might have in that Content. You grant VFUN a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sublicensable (through multiple tiers) right to exercise the copyright, publicity, and database rights (but no other rights) you have in the Content, in any media now known or not currently known, with respect to your Content. You agree to allow VFUN to store or re-format your Content on VFUN and display your Content on VFUN in any way as VFUN chooses. VFUN will only use personal information in accordance with VFUN 's Privacy Policy.

As part of a transaction, you may obtain personal information, including shipping information, from a VFUN user. Without obtaining prior permission from the user, this personal information shall only be used for that transaction or for VFUN -related communications. VFUN has not granted you a license to use the information for unsolicited commercial messages. Without limiting the foregoing, without express consent from the user, you are not licensed to add any VFUN user to your email or physical mail list. For more information, see VFUN 's Privacy Policy.

Re-Posting Content: By posting Content on VFUN , it is possible for an outside webmobile application or a third party to re-post that Content. You agree to hold VFUN harmless for any dispute concerning this use.

7. Resolution of Disputes and Release

In the event a dispute arises between you and VFUN , please contact VFUN .

Any dispute arising from or relating to the subject matter of this Agreement shall be finally settled by arbitration, using the English language. Use of the Mobile application is not authorized in any jurisdiction that does not give effect to all provisions of the Agreement, including without limitation, this section.

Should you have a dispute with one or more users, or an outside party, you release VFUN (and VFUN 's officers, directors, agents, subsidiaries, joint ventures and employees) from any and all claims, demands and damages (actual and consequential) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. VFUN encourages merchants to report merchant-to-user disputes to your local law enforcement, postmaster general, or a certified mediation or arbitration entity, as applicable.

VFUN , for the benefit of merchants, may try to help merchants resolve disputes. VFUN does so in VFUN 's sole discretion, and VFUN has no obligation to resolve disputes between merchants and users or between merchants and outside parties. To the extent that VFUN attempts to resolve a dispute, VFUN will do so in good faith based solely on VFUN 's policies. VFUN will not make judgments regarding legal issues or claims.

8. VFUN 's Intellectual Property

VFUN, and other VFUN graphics, logos, designs, page headers, button icons, scripts, and service names are registered trademarks, trademarks or trade dress OKMatrix Co,.Ltd in the U.S. and/or other countries. VFUN 's trademarks and trade dress may not be used, including as part of trademarks and/or as part of domain names or email addresses, in connection with any product or service in any manner that is likely to cause confusion.

9. Access and Interference

Much of the information on VFUN is updated on a real-time basis and is proprietary or is licensed to VFUN by VFUN 's merchants or third-parties. You agree that you will not use any robot, spider, scraper or other automated means to access VFUN for any purpose whatsoever, except to the extent expressly permitted by and in compliance with VFUN 's API Terms of Use or otherwise without VFUN 's prior express written permission. Additionally, you agree that you will not:

  1. Take any action that imposes, or may impose, in VFUN 's sole discretion, an unreasonable or disproportionately large load on VFUN 's infrastructure
  2. Copy, reproduce, modify, create derivative works from, distribute or publicly display any merchant Content (except for your Content) from the Mobile application or without the prior express written permission of VFUN and the appropriate third party, as applicable
  3. Interfere or attempt to interfere with the proper working of the Mobile application or any activities conducted on the Mobile application

10. Breach

Without limiting any other remedies, VFUN may, without notice, and without refunding any fees, delay or immediately remove Content, warn VFUN 's community of a merchant's actions, issue a warning to a merchant, temporarily suspend a merchant, temporarily or indefinitely suspend a merchant's account privileges, terminate a merchant's account, prohibit access to the Mobile application, and take technical and legal steps to keep a merchant off the Mobile application and refuse to provide services to a merchant if any of the following apply:

investigation, or otherwise) a merchant has breached this Agreement, the Privacy Policy, the Merchant Policy, or other policy documents and community guidelines incorporated herein; VFUN is unable to verify or authenticate any of your personal information or Content; or VFUN believes that a merchant is acting inconsistently with the letter or spirit of VFUN 's policies, has engaged in improper or fraudulent activity in connection with VFUN or the actions may cause legal liability or financial loss to VFUN 's merchants or to VFUN .

11. Privacy

Except as provided in VFUN 's Privacy Policy, VFUN will not sell or disclose your personal information (as defined in the Privacy Policy) to third parties without your explicit consent. VFUN stores and processes Content on computers located in the United States that are protected by physical as well as technological security.

12. No Warranty

VFUN , VFUN 's subsidiaries, officers, directors, employees, and VFUN 's suppliers provide VFUN 's web mobile application and services "as is" and without any warranty or condition, express, implied or statutory. VFUN , VFUN 's subsidiaries, officers, directors, employees and VFUN 's suppliers specifically disclaim any implied warranties of title, merchantability, performance, fitness for a particular purpose and non-infringement. In addition, no advice or information (oral or written) obtained by you from VFUN shall create any warranty. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you. This warranty gives you specific legal rights and you may also have other legal rights that vary from state to state.

13. Liability Limit

In no event shall VFUN , and (as applicable) VFUN 's subsidiaries, officers, directors, employees or VFUN 's suppliers be liable for any damages whatsoever, whether direct, indirect, general, special, compensatory, consequential, and/or incidental, arising out of or relating to the conduct of you or anyone else in connection with the use of the mobile application, VFUN 's services, or this agreement, including without limitation, lost profits, bodily injury, emotional distress, or any special, incidental or consequential damages.

VFUN 's liability, and (as applicable) the liability of VFUN 's subsidiaries, officers, directors, employees, and suppliers, to you or any third parties in any circumstance is limited to the greater of (a) the amount of fees you pay to VFUN in the 12 months prior to the action giving rise to liability, and (b) $100. Some states do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you.

14. Indemnity

You agree to indemnify and hold VFUN and (as applicable) VFUN 's parent, subsidiaries, affiliates, officers, directors, agents, and employees, harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of your breach of this agreement or the documents it incorporates by reference, or your violation of any law or the rights of a third party.

15. No Guarantee

VFUN does not guarantee continuous, uninterrupted access to the Mobile application, and operation of the Mobile application may be interfered with by numerous factors outside VFUN 's control.

16. Legal Compliance; Taxes

You shall comply with all applicable domestic and international laws, statutes, ordinances and regulations regarding your use of the Mobile application and any VFUN service and, if applicable, your listing, solicitation of offers to purchase, and sale of items. In addition, you shall be responsible for paying any and all taxes applicable to any sales of items you make on the Mobile application (excluding any taxes on VFUN 's net income).

17. Sales, Custom and Value-added taxes

In an effort to remain compliant with respective consumer legislations, we strongly encourage our merchants to maintain good standing with respect to custom and value-added taxes or VAT, where applicable.

Due to separate and applicable tax jurisdictions, purchases may be subject to specific sales, custom or value-added taxes, and the shipping time and associated cost may increase.

Merchants that sell regularly on the VFUN platform may be required to reserve for VAT. Although VFUN does not require sellers to have a VAT number to sell in our marketplace, merchants may be required to pay for VAT for conducting such business in the applicable tax jurisdictions. As a result, we strongly encourage our merchants to consult with their own tax experts and register for a VAT identification number and reserve such VAT dues accordingly.

18. Severability

If any provision of this Agreement is held unenforceable, then such provision will be modified to reflect the parties' intention. All remaining provisions of this Agreement shall remain in full force and effect.

19. No Agency

You and VFUN are independent contractors, and no agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by this Agreement.

20. VFUN Service

VFUN reserves the right to modify or terminate the VFUN service for any reason, without notice, at any time. VFUN reserves the right to alter these Terms of Service or other Mobile application policies at any time, so please review the policies frequently. If VFUN makes a material change VFUN will notify you here, by email, by means of a notice on our home page, or other places VFUN deems appropriate. What constitutes a "material change" will be determined at VFUN 's sole discretion, in good faith, and using common sense and reasonable judgment.

21. Choice of Law

This Agreement shall in all respects be interpreted and construed with and by the laws of the United States of America.

 

22. Survival

Sections 3 (Fees and Services, Fees and Termination), 6 (Content, License), 7 (Resolution of Dispute and Release), 8 (VFUN 's Intellectual Property), 9 (Access and Interference), 10 (Breach), 11 (Privacy), 12 (No Warranty), 13 (Liability Limit), 14 (Indemnity), 15 (No Guaranty), 17 (Severability), 18 (No Agency), 20 (Choice of Law) shall survive any termination or expiration of this Agreement.

23. Notices

Except as explicitly stated otherwise, any notices shall be given by postal mail to VFUN; in your case, to the email address you provide to VFUN (either during the registration process or when your email address changes). Notice shall be deemed given 24 hours after email is sent, unless the sending party is notified that the email address is invalid. Alternatively, VFUN may give you notice by certified mail, postage prepaid and return receipt requested, to the address provided to VFUN. In such case, notice shall be deemed given three days after the date of mailing.

24. Disclosures

The services hereunder are offered by OKMatrix Co,.Ltd.

Effective Date: Jan 1, 2020