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ExchangeCredits User Agreement

ReExchange is not a bank. Accounts are not FDIC insured. It is understood that non-cash barter currency issued by ReExchange ("ExchangeCredits") and/or other funds may be required in order to buy and sell on the site. Users and ReExchange acknowledge and agree that ExchangeCredits are not bank deposits, legal tender, securities or commodities, and may not be redeemed for cash. In no event shall ReExchange be required to refund, redeem, or pay any amounts to User for any ExchangeCredits, or be responsible for conversion or liquidation of ExchangeCredits. Notwithstanding the foregoing, ReExchange may, from time to time, offer special promotions to Users whereby ReExchange may, at its sole discretion, provide refunds to Users of ExchangeCredits, up to an amount equivalent to the number of ExchangeCredits purchased by the User from ReExchange. Except as otherwise expressly approved by ReExchange in advance in writing, ExchangeCredits shall not be transferable, and User shall not transfer, assign, pledge or hypothecate any ExchangeCredits or interest in its account in any way, directly or indirectly except as required for the bona fide purchase of goods or services through the Service, or as required for a line of credit issued by ReExchange or another lender expressly authorized by ReExchange, in each case in accordance with this Agreement and all rules and policies established by ReExchange and the lender's agreement with the User. ReExchange may allow User to purchase ExchangeCredits from ReExchange using U.S. Dollars or other currency approved by ReExchange.

When User requests to purchase an item, ExchangeCredits may be immediately deducted from User's account as required for the transaction and a 3.5% transaction fee ( minimum of $3.50 fee) will be charged to the purchaser and is payable in cash. When User sells an item, ExchangeCredits may be passed to User's account subject to restrictions during a vesting or escrow period. Without limiting the foregoing, ReExchange reserves the right to restrict use of such ExchangeCredits for a period of fourteen (14) days from the time of the sale.

User agrees that:

(i) ReExchange does not guarantee that User will be satisfied with selection of, or prices for, products or services available on the Service;

(ii) ReExchange will not pay interest on balances in User's account;

(iii) ReExchange does not guarantee that there will be adequate currency reserves to cover all outstanding claims in the Service;

(iv) ReExchange reserves the right to recall all loans and obligations, if any, at any time; and

(v) ReExchange does not take responsibility for, and shall not be liable for, any act or omission of ReExchange which does not constitute gross negligence or willful misconduct on the part of ReExchange and, in no event, shall be responsible or liable for any act or omission of any third party or any losses, costs, damages or liabilities arising from any of the foregoing.

(vi) ReExchange will send you an IRS 1099B each year and you agree to supply us with a current address at all times.

ReExchange shall have the right, but not the obligation, in its sole discretion to:

(i) restrict use of ExchangeCredits User receives for a transaction for a period of time after the completion of the transaction and thereafter pending resolution of any dispute regarding the transaction;

(ii) require escrow, vesting or other procedures before User can use ExchangeCredits stored in User's account;

(iii) offset or apply ExchangeCredits or other funds in User's account against any payment, line of credit or other obligation that User may have arising out of or relating to the Service, including an obligation to ReExchange, to other users or to advertisers, partners, suppliers and service providers of ReExchange (collectively, "Service Providers");

(iv) offset amounts due to ReExchange or Service Providers against amounts or liabilities owed to User, whether in cash or ExchangeCredits; and

(v) cancel, freeze and/or otherwise restrict User's account or the use of ExchangeCredits in User's account for breach of this Agreement, an investigation of User's account by a government or other authority or default by User upon any obligation to ReExchange or a Service Provider.

ReExchange may, at its discretion, by mail, email, postings within User's account or other reasonable means, provide User a statement detailing User's transactions and account balance. Thirty (30) days after the date of such statement, the statement shall be deemed accepted by User unless User has notified ReExchange by mail in writing to the address identified in Section 14.1 that User disputes the accuracy of the statement.

Unless otherwise expressly stated by ReExchange, all fees and payments to ReExchange and Service Providers shall be made in U.S. Dollars. Notwithstanding the foregoing, ReExchange shall have the right, but not the obligation, to accept ExchangeCredits in satisfaction of fees, in whole or in part, and to deduct corresponding amounts from User's account.