Issue link: http://read.uberflip.com/i/1481074
Built Technologies Lender & Asset Manager Master Services Agreement This Lender & Asset Manager Master Services Agreement ("MSA") governs and is deemed to be a part of the Order Form between Built Technologies, Inc., a Delaware Corporation ("Built"), and the Client defined in the attached Order Form ("Client"). The MSA may have attachments, including Exhibits that are incorporated herein by reference ("Agreement Attachments"). The Agreement Attachments together with the MSA are collectively referred to as the "Agreement." Built and Client may sometimes hereinafter be referred to individually as a '"Party" and collectively as the "Parties." Capitalized terms not defined in this Agreement have the meanings given to them in the Agreement Attachments. 1. RIGHTS TO SERVICES & DELIVERABLES 1.1. Access Grant. During the Term and subject to the terms and conditions of this Agreement, Built hereby grants to Client a limited, non-exclusive, non-transferable (except as provided in Section 9.4 (Assignment)), non-sublicensable right to access and use the products, software and services identified in an executed Order Form and made available online by Built ("Services") solely for Client's internal operations. 1.2. Client Data. Client Data means all non-public documents and information provided by Client to Built pursuant to this Agreement. Client Data does not include De-Identified Data (as defined in Section 5.2). 1.3. Users. Client shall be permitted to grant users access to the Built Platform pursuant to the Order Form. 1.3.1. Client Users. Client may authorize any of its employees (each, a "Client User") to obtain log-in credentials to access and provide Client Data and use the Services ("Client User Account") solely for Client's internal operations. Client is solely responsible for ensuring that it only requests access for appropriate Client Users, Participants and Participant Users (each as defined in Section 1.3.2). Client will be fully responsible for the acts of its Client Users. 1.3.2. Participant Users. Upon Client request and where applicable to the Services, Built will provide additional parties to Client's loan transactions, including borrowers, construction general contractors, subcontractors, and property inspectors (each, a "Participant") and such parties' employees and agents (each, a "Participant User" and together with Client Users, "Users") with log-in credentials to access select Client Data and use the Services (each, a "Participant User Account" and together with Client User Accounts, "User Accounts"). Each Participant's and each Participant User's access to the Services will be limited to the documents and information the Participant or Participant User is authorized to access based on the Participant's or Participant User's role in an applicable loan transaction. When Client Data is properly shared with a Participant or Participant User as described herein, that copy of the documents or information will be deemed to be "Participant Data". Participant and Participant User use and access of the Services and Participant Data will be governed by separate terms and conditions entered into between each Participant or Participant User and Built. 1.3.3. User Communication. Built and its affiliates may communicate directly with Users for the purposes of providing the Services and offering additional features and services, including without limitation inviting Users to receive applicable industry information, notifying Users of new and/or modified features, services and products, and offering Users training opportunities and materials related to Built's Platform and services or products. Built may make additional products available to Participant Users within the Built Platform and provide Participants Users with integrated access to all products selected by the Participant User including the Services. 1.4. Professional Services. During the Term and subject to the terms and conditions of this Agreement, Built may perform professional services for Client as set forth on the applicable Order Form and as may be necessary for Client to implement the Services (the "Implementation Professional Services") and other non-exclusive professional services agreed in writing by the Parties from time-to-time (all professional services, including Implementation Professional Services are referred to as "Professional Services") (Professional Services and Services may be referred to collectively as "Services"). All Professional Services will be performed by Built personnel remotely unless otherwise set forth in the applicable Order Form. 1.5. Rights in Deliverables. Built grants to Client, subject to the terms of this Agreement, a personal, non-transferable (except as provided in Section 9.4 (Assignment)), non-exclusive license to use any output and reports produced by or derived from the Services and materials created for Client by Built in the course of the Professional Services ("Deliverables") solely for Client's internal business purposes and solely in connection with its use of the Services. The Professional Services and related Deliverables provided hereunder are not "work for hire." With the exception of the portions of Deliverables that contain Client Data, Built shall own all right, title, and interest in and to any and all Deliverables. 1.6. Supplemental Terms & Conditions. Additional terms and conditions may apply to specific Services selected by Client ("Supplemental Terms and Conditions"). If applicable, these Supplemental Terms and Conditions will be included in the Order Form with Client. 1.7. Third-Party Service Providers. Built may facilitate Client accessing third-party services and/or data through the Built Platform (e.g., inspectors, title search). Built may withdraw or modify any Services relying on third-party service providers with reasonable notice to Client. 1.8. Significant Subcontractor. Built may use Significant Subcontractors to perform portions of the Services. Built will ensure any Significant Subcontractor is subject to comparable confidentiality and security obligations as Built's obligations in this Agreement. A Significant Lender & Asset Manager MSA v.10.22