LEGAL MENTIONS - ANGELSQUARE.CO
The AngelSquare website, published by Fundme SAS with a capital of € 26,642.78, is registered with the Paris Trade and Companies Register under number 751 237 454 and is a financial investment adviser registered with ORIAS under number 16003914.
Director of the publication: Mr. Charles Degand
The hosting of the site is provided by the company Kimsufi (OVH), a joint-stock company with a capital of € 10 069 020 registered in the Roubaix Trade and Companies Register under number 424 761 419 and whose head office is: 2 rue Kellermann - 59100 Roubaix – France
TERMS AND CONDITIONS OF USE - ANGELSQUARE.CO
BETWEEN THE UNDERSIGNED :
The AngelSquare Site, published by Fundme SAS with a capital of € 26,642.78, is registered with the Paris Trade and Companies Register under number 751 237 454 and is a financial investment adviser registered with ORIAS under number 16003914.
The director of publication is Mr. Charles Degand, president of the said company, residing at 7 rue du Colonel Moll - 75017 Paris, having the e-mail address: email@example.com.
Hereinafter referred to as "AngelSquare", on the one hand
The user of the Site https://angelsquare.co,
Hereinafter referred to as "the Internet user", on the other hand,
It was agreed that:
AngelSquare is a Financial Investment Advisor registered with ORIAS under number 16003914.
Fundme operates the Website https://angelsquare.co (the "Site"), in the exercise of its activity as Financial Investment Advisor to Internet Users registered on the Site (the "Investors").
To this end, the Site offers Investors access to investment opportunities in unlisted companies.
Any use of the Services by both the Internet User and the Investors automatically entails the application of these Terms.
I - Use of the service
The Site is accessible from the URL www.angelsquare.co. The complete presentation of the investment opportunities presented on the Site is reserved to registered investors.
It is recalled that investing in startups presents a significant risk of partial or total loss of invested amounts and a risk of illiquidity.
The purpose of the Site is to enable registered investors to discover investment opportunities.
It can not in any way be held responsible for errors, technical problems encountered on the Site and all other Sites that we link to, or any interpretation of the information published on these Sites, as well as the consequences of their use. Any Internet user browsing the Website expressly acknowledges having been warned of these risks.
The presentation on the Business Site does not constitute in any way an investment recommendation and it will in no way be assimilated to any advice, or a recommendation to buy or subscribe.
It is up to each investor to ensure that any investment is consistent with his investment strategy and corresponds to his personal, financial, wealth and tax situation, and in particular to consult a wealth management professional for specific advice on how to invest tailored to his situation.
The Internet user expressly declares to know and apply the essential rules of wealth management concerning the investment in the capital of unlisted companies, including the following principles:
• Do not invest more than 5 to 10% of his assets excluding real estate in this asset class,
• Do not invest savings that may be necessary in the short or medium term,
• Maximize investment diversification within this asset class, so that each investment never represents more than 10% of the invested portfolio.
To register, the user must:
• create an account on the Site,
• fill in the different fields of the registration form on the Site,
• accept the risks associated with investing related to investment in unlisted companies,
• choose one of the available offers
Registration as an investor is effective only after receipt of all the requested documents, and acceptance of the profile by the AngelSquare team. AngelSquare reserves the right to accept or refuse registration as an investor, without any obligation to justify its decision.
By completing the registration form, the investor guarantees AngelSquare to have provided accurate, truthful, up-to-date and complete information regarding his identity, contact details and any additional information requested. In particular, he undertakes to provide an effective e-mail address that he actually owns.
This email address is used for:
• the confirmation of the transactions carried out by the investor on his personal account
• the communication to investors of any item concerning their account
• and all the information relating to the use of the services available on the Site.
The investor agrees to keep the information provided to AngelSquare constantly updated in connection with the use of the Site.
1.2 Access to the Site
All presentation information of investment opportunities and access to personal space are exclusively reserved to investors.
The login and password chosen by the investor during registration allow access to the Site. These data are confidential. The investor is solely responsible for any use that may be made of his login and password, and the sole guarantor of their confidentiality, as well as any use of his account.
The investor agrees to inform AngelSquare immediately of any unauthorized use of his account, and any breach of the confidentiality and security of his means of identification, by email to the following email address: firstname.lastname@example.org.
If AngelSquare has reasonable grounds to believe that the security of the Site is being infringed or that it is being misused as a result of unauthorized use of the Investor's means of identification, it may proceed with the temporary suspension of the account in particular to preserve the integrity of the Site and the data, and, if it appears appropriate, to require the modification of these means of identification. In the event that the investor wishes to modify his means of identification, all he has to do is go to the Site and modify his parameters in the "My Account" section or contact AngelSquare by e-mail to the following e-mail address: email@example.com.
Insofar as its means of identification are in the hands of third parties through its fault, the investor will be solely responsible for any use of these means of identification and the use of the Service made accordingly. AngelSquare shall not be held liable for any loss or damage resulting from a failure to comply with the obligations of the investor stipulated in this article.
The investor acknowledges having the skills and means necessary to access and use the Site.
AngelSquare makes its best efforts to make the Site available 7 days a week, 24 hours a day. However, AngelSquare reserves the right to modify, modify or suspend, without notice, the service for reasons of maintenance or for any other reason deemed necessary. The unavailability of the service does not entitle to any compensation.
1.3 Description of the service
Registration as an investor allows you to:
• Ask for connections with the founders of startups.
• Give advice on startups
• Access to AngelSquare Clubs
II - Investment modalities
The subscription of financial securities is done directly in the startup, in no case the investor can invest via the platform AngelSquare. The AngelSquare team is in charge of the connection with the founders of Startups. It is then up to Startups to contact the investor to set up the investment.
III - Remuneration of AngelSquare
3.1 Prices and terms of payment
Registration as an investor on AngelSquare is not free. The details of the offers can be found in the "Our offers" tab on the site.
The payment of the offer is made exclusively by credit card directly on the Site, thanks to the secure payment module, by bank transfer or check.
The guarantees given by AngelSquare for transaction security are identical to those obtained by AngelSquare from the publisher of the payment system used. (Stripe)
In exchange for the actions and promotional tools put in place for the benefit of the Startup, the latter is liable, according to the conditions mentioned in the "Services Agreement", for a variable sum of € 3,000 (excluding VAT) (the "Fixed Fee") to 10,000 € HT depending on the size of a round of funding.
The payment of the Fixed Fee is made, according to the conditions mentioned in the Service Agreement, preferably by credit card, thanks to the secure payment module, by transfer or by check.
In the event of the actual occurrence of an Investment, the Startup is liable in return (the "Commission") for a commission ranging from 2.5% to 5% net of tax, calculated on the gross amount of the Investment made. The details of the calculation of the "Commission" are detailed in the "Services Agreement".
The price of the Commission is indicated in the final invoice.
The payment of the Commission is made exclusively by credit card, thanks to the secure payment module or by bank transfer.
- The Clubs
By joining AngelSquare you can ask to join "Clubs". A Club allows members of our community to co-invest with a leading investor ("the leader"), expert in their sector of activity, selected by AngelSquare on strict criteria.
Each request to join a Club is subject to a double validation, the first by the AngelSquare team and the second by the Club leader who authorizes you to join his Club.
Club access is restricted to members of the Angelsquare community who have chosen one of the 5 available offers. Access to the Clubs is free for investors invited by the Club leader.
In some Clubs, a "carried-interest" is applied to the deals that allow Club members to realize a gain at the exit. Part of this carried (around 15%) goes to the leader of the Club in return for his involvement and support of the startup over time, and a part (about 5%) returns to AngelSquare. The Carried Interest is due only in the case of a gain realized by the members of his Club.
If a Club Deal is subject to a carried interest, its precise amount is announced as soon as the file of the startup is sent to the co-investors.
3.2 Reimbursement of Fixed Fee in case of cancellation of an operation
In case of cancellation by Startup of the fund raising operation, the amount of the Fixed Fee remains due to AngelSquare and will not be refunded.
3.3 Taxation on the sale of securities and capital gains
The investor acknowledges having been informed that the transfer of shares in unlisted companies is subject to a registration fee, and that capital gains on the sale of securities are subject to taxation under conditions specific to the particular situation of each company. tax household.
3.4 AngelSquare Compensation from Startups
Investors acknowledge having been informed that AngelSquare may receive remuneration from Startups, within the framework defined by the General Regulations of the Autorité des Marchés Financiers. Information on the amounts and the terms of these remunerations are available on simple request sent by the investor to the following email address: firstname.lastname@example.org
IV - Commitments and responsibility of AngelSquare
AngelSquare can not, under any circumstances, be held responsible for the data, information, and / or the content provided by a Startup, accessible or not to the public, of the lack of veracity of said data, information, or content, errors or omissions they may contain, as well as damages resulting from the use of any content, posted or transmitted by email or in any other way, via the Site.
AngelSquare has no general obligation to monitor the data and content provided by the investor or Startups or the obligation to delete content that would not appear to be patently unlawful, despite its possible reporting. However, AngelSquare reserves the right to delete the content issued by investors or Startups if they do not meet the publication criteria defined by AngelSquare.
More generally, AngelSquare reserves the right, at any time and without notice, to modify any information contained on the Site as part of its update or the correction of errors or inaccuracies.
AngelSquare is not responsible for the content of Third Party Websites to which hypertext links on the Site refer.
V - No guarantee clause
5.1 No guarantee of the information contained on the Site
The investor expressly acknowledges and agrees that AngelSquare does not guarantee any information about the financial transactions presented on the Site. All information is presented by the Startup and is their exclusive responsibility.
The data is based on information believed to be reliable, but AngelSquare does not guarantee that it is accurate, complete or valid and that this information should not be considered as such for any purpose. The investor expressly acknowledges that AngelSquare does not carry out any verification and exercises no control over the information presented by the Startups, and that it is up to the investor to gather and verify any information that he deems useful to take a investment decision.
All content on the Site is presented as of the date indicated and "as is". The content of the Site may be subject to delays, omissions, errors or inaccuracies.
The estimates of the Startups valuations present on the Site have been established by the Startups and are presented to investors without AngelSquare having assessed the relevance of this valuation.
The posting of the valuation on the Website is in no way a guarantee of the value of the company, and it is up to the investor to gather all the information he deems necessary to make a judgment on the valuation proposed and determine the desirability of an investment.
The investor acknowledges having been warned that, unless otherwise stated, the transactions offered on the Site do not give rise to an information document submitted for approval by the Autorité des Marchés Financiers.
The Investor expressly acknowledges that no advice or information, whether oral or written, obtained by the Investor from AngelSquare or the use of the Site is likely to create guarantees or obligations expressly provided for by these terms and conditions.
5.2 No guarantee of investments made through the Site
The investor expressly acknowledges that he is fully aware that any investment in the capital of Startups presents a high risk of loss of the totality of the invested capital and total absence of liquidity at the end of the desired investment period.
The investor has exclusive absolute control over the management of his assets and retains full responsibility for his investments. It is up to him to determine his investments and holdings with discretion considering his personal, family, patrimonial, financial and fiscal situation. The investor acknowledges that any investment made and discovered on AngelSquare presents significant risks to his wealth, as mentioned above, and declares to accept them unreservedly for each and every investment he makes through the Site.
The investor expressly and irrevocably undertakes to refrain from investing in the financial products presented on the Site, in the event that (i) the investor believes that the information available to him is not sufficient to fully appreciate the investment opportunity, (ii) the investor considers that his understanding of the proposed financial product and the associated risks is insufficient, (iii) his personal, family, patrimonial, financial and fiscal situation does not allow him to invest serenely in risks presented by the financial product in which he intends to invest.
In any case, AngelSquare can not be held liable for any inappropriate placement and AngelSquare accepts no liability for the consequences of any kind, including financial, legal and tax, for the subscription of financial securities.
VI - Commitment and responsibility of the investor
6.1 Accuracy of the information provided
6.2 Protection of personal access codes
In accordance with Article I "Use of the service", the passwords and identifiers are personal, the investor undertakes not to disclose them and to protect their confidentiality. As such, the investor is solely responsible for their use and any use of the Site by a third party with the identifiers of an investor is deemed made under his responsibility and with his agreement.
6.3 Confidentiality undertaking
The investor will have access to detailed information on the Startups presented on the Site. The investor makes an undertaking to AngelSquare, throughout the duration of its registration as an investor on the Site, and up to 2 years after its unsubscription:
• Not to disclose to a third party, in whole or in part, information considered confidential, that is to say accessible from the Site only after identification, without the agreement of AngelSquare and the relevant Startup,
• Not to use this information for any purpose other than studying the opportunity to invest in the Startups presented on the Site.
VII - Protection of personal data
In connection with the use of the Site, AngelSquare collects personally identifiable information about investors. AngelSquare undertakes to comply with the current legislation on the protection of privacy with regard to the automated processing of personal data. The Site has been the subject of a prior declaration to the Commission Nationale Informatique et Libertés (CNIL) registered under No. 1591386.
AngelSquare undertakes to keep confidential all personal information provided in this way, in accordance with the applicable regulations applicable to the Financial Investment Advisers and defined in the AMF General Regulations. This information is intended solely for use by AngelSquare for internal processing purposes and will not be transferred to third parties for commercial use. This information and data is also kept for security purposes, in order to comply with the legal and regulatory obligations to which AngelSquare is subject. This data is processed and stored at the web host identified in the legal notices on the Site under conditions designed to ensure their security.
AngelSquare reserves the right to anonymously use personal information collected, as well as technical and navigation information, such as browser type, Internet protocol address, pages visited, and average time spent on the Site, for all activities related to the analysis and promotion of the Site.
The investor is informed that data concerning him may be disclosed by law, by a regulation or by a decision of a competent regulatory or judicial authority or, if this proves necessary for AngelSquare in the context of a legal proceeding.
In accordance with the law "Informatique et Liberté" of January 6, 1978 amended in 2004, a right of access, modification, deletion and correction of personal information is available to any user whose data are collected. This right can be exercised by contacting AngelSquare by email at the following address: email@example.com.
VIII - Intellectual property
AngelSquare owns the Site, in its technical, graphic, textual and other components, excluding the content provided by the investors themselves and by the Startups. AngelSquare is therefore the sole owner of all intellectual property rights relating to the Site, its content and the databases that ensure its operation, and the use of the Site does not give investors any rights to any of these elements, subject to the rights relating to the content provided by the investors themselves and by the Startups.
IX - Duration and termination
Paid offers will remain in effect until terminated at your own initiative or AngelSquare's. In order to avoid any discontinuity in the service, the offers are renewed by tacit renewal every month or from year to year, depending on the chosen offer.
In the event that the investor provides false, inaccurate, outdated or incomplete data, AngelSquare will be entitled to suspend or terminate his account and refuse, in the future, access to all or part of the Site.
The investor may terminate their account and access to the Site at any time, once his commitment period is over, by sending an email to firstname.lastname@example.org. He will no longer have access to the Site. All investor data will be stored in the AngelSquare databases for a minimum of 2 years without AngelSquare being able to use it for the sole purpose of complying with regulatory requirements.
X - Integrity of the contract
If one or more of the clauses of the present contract were declared void(s) under a law, a regulation or following a final decision of a competent jurisdiction, the others clauses will all retain their force and scope in the measure taken by the said decision.
XI - Modification of the conditions of use of the Site
XII - Applicable law