ADDITIONAL TERMS OF USE BY ACADEMIES

In order to use the Site and the Service for the purpose of offering User Content for a fee as an Enterprise, you need to agree to be bound by, in addition to our general terms and conditions that apply to all of the Site’s Users and that you may find here, the following additional terms of use by Academies, which terms we may modify from time to time in our sole discretion. Accordingly, as an Enterprise, you agree to be bound by the following additional terms and conditions:

(a) you agree that we will deduct from any monies due to you a 30% transaction fee for any User Content that you may sell through the Service or the Site;

(b) you accept and agree that we may, at our discretion, refund the fees paid by a User for User Content;

(c) you accept and agree that any monies due to you from sales of your Content shall be paid to you, after deducting our transaction fees and any other deductible amounts (e.g., refunds to purchasers, withholding taxes if applicable, etc.) on the last day of the month following the month during which the relevant sales and purchasers’ payment took place; provided such payment has been timely credited into Schoox’s account;

(d) you accept and agree that, for the purpose of promoting the sales of your User Content, we may offer parts of your User Content for free (e.g., as previews of your courses) to any or all users of the Site;

(e) you accept and agree that you are solely responsible for the User Content that is posted in your Enterprise whether from existing Users or other third parties and understand that Schoox has no relationship with the Users or third parties posting User Content through the Enterprise and as such you hereby release, and agree to indemnify and hold harmless Schoox (and our affiliates and subsidiaries, and our and their respective officers, directors, employees, and agents), from claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown, arising out of or in any way connected with the User Content posted in your Enterprise; and

(f) payments will be made via a payment industry provider designated by Schoox; Users must register with such provider in order to receive payments owing to such User in relation to User’s participation in the Service.