CLAUSE 1. DEFINITIONS

WHO WE ARE AND OUR SERVICES:

CARIBID is an innovative digital platform specializing in high-value online auctions, efficiently connecting clients, sellers, and organizations through a secure, flexible, and dynamic ecosystem. CARIBID facilitates the buying and selling of various goods and services by implementing multiple auction categories and modalities, offering a transparent, reliable, and personalized experience.

CARIBID.COM offers the following key features:

• Diverse Auction Categories: Specialized auctions for vehicles, real estate, automotive parts, seized goods, and fundraising opportunities.
• Flexible Auction Formats: Availability of different types of auctions, including simple and batch auctions, with real-time bidding functionalities and adjustable times for each auction type.
• Detailed User Profiles: Creation of robust profiles for users, organizers, and sellers, allowing for customization and management of activity on the platform.
• Interactive Chat Functions: Direct communication between users, sellers, and organizers through an integrated chat system to enhance the negotiation and bidding experience.
• Complete Financial Integration: Secure and reliable financial transactions, with support for multiple payment methods, including bank transfers and online payments, and the possibility of integrating external payment processors.
• Advanced Data Security and Privacy: Implementation of state-of-the-art security protocols to ensure the protection of personal data and security in all transactions.
• Artificial Intelligence for Recommendations: Use of artificial intelligence algorithms to suggest items of interest based on users' previous preferences and behaviors, improving the shopping experience and optimizing sales opportunities.
• Marketplace for Auction Proposals: A dedicated marketplace where users can post items they wish to propose to sellers and organizers to be auctioned, allowing for greater dynamism in auctions and the participation of new products in the ecosystem.
• Extensive API Integration: Robust API that allows integration with external services to enhance platform functionality, such as analytics, financial services, and inventory systems.

User and Seller Profiles

User: Any natural or legal person who registers on the CARIBID platform for the purpose of participating in auctions, either as a potential buyer or a participant in the bidding process, is considered a User. Users can browse available item categories, place bids in active auctions, and manage their own profiles and transactions through the platform. Users can also receive personalized recommendations based on artificial intelligence according to their interests and purchasing behaviors.

Seller: Any natural or legal person who registers on the CARIBID platform with the objective of offering goods or services to be auctioned is considered a Seller. Sellers can create listings for auction items, define sales conditions, manage their product auctions, and receive payments through the platform's financial integrations. Sellers also have access to analytical tools to monitor the performance of their auctions and receive suggestions on pricing and strategies through artificial intelligence.

STANDARD OPERATING PROCEDURES

II. USER INFORMATION

Means all information electronically collected and/or stored by or from THE USER through CARIBID.COM, including that relating to the clients or consumers of THE USER's services.

The information provided when using THE SERVICES is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable laws or regulations, or which would subject us to any registration requirement within such jurisdiction or country. CARIBID offers a platform that allows foreign buyers to acquire items at auction without the need to travel, with CARIBID acting as an intermediary in the purchasing process. Accordingly, CARIBID facilitates interaction between the BUYER and the SELLER, the latter being responsible for the sale and for complying with applicable legal, tax, and regulatory provisions in the Dominican Republic, or in any other jurisdiction as appropriate. Individuals accessing THE SERVICES from other locations do so at their own risk and responsibility, and shall be responsible for compliance with local laws, to the extent they are applicable.

III. PLATFORM PROVIDER

CARIBID S.R.L. owns or licenses all intellectual property rights in our Services, including all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics in the Services (collectively, the "Content"), as well as the trademarks, service marks, and logos contained therein (the "Marks").

Our Content and Marks are protected by copyright and trademark laws (and various other intellectual property and unfair competition laws) and treaties in the Dominican Republic and around the world.

The Content and Marks are provided on or through the Services "AS IS" for your personal, non-commercial use or internal business purposes only.

IV. USER

Refers to the natural or legal person who uses the CARIBID.COM platform through the credentials assigned to THE USER, whether authorized or not. THE USER is exclusively responsible for designating the persons authorized to use their account.

V. SELLER

Refers to any natural or legal person who registers on the CARIBID.COM platform with the objective of offering goods or services to be auctioned. SELLERS may be part of an ORGANIZATION or act independently. SELLERS can create auctions, manage their products, receive pricing suggestions, and efficiently manage sales. Additionally, SELLERS who are part of an ORGANIZATION will be subject to the policies and guidelines established by said ORGANIZATION.

VI. ORGANIZATION

Refers to any registered legal entity that uses the CARIBID.COM platform to manage auctions or market high-value goods or services. ORGANIZATIONS have the ability to manage multiple SELLERS simultaneously, customize and administer auctions, monitor their sales performance, and access detailed reports on the performance of conducted auctions. An ORGANIZATION may have multiple SELLERS, who can manage auctions and products under the ORGANIZATION's guidelines.

VII. ADMINISTRATOR USER

Is the user account used for the administration of the CARIBID platform, whose creation in each of the databases is necessary for the functioning of CARIBID.COM. The ADMINISTRATOR USER has access to advanced management and supervision functions of the platform, being able to configure and customize technical and operational aspects.

VIII. MINIMUM REQUIREMENTS

By using THE SERVICES, YOU represent and warrant that:

• All registration information you submit will be true, accurate, current, and complete.
• You will maintain the accuracy of such information and promptly update such registration information as necessary.
• You have the legal capacity and agree to comply with these Legal Terms.
• You are not a minor in the jurisdiction in which you reside.
• You will not access THE SERVICES through automated or non-human means, whether through a bot, script, or otherwise.
• You will not use THE SERVICES for any illegal or unauthorized purpose.
• Your use of THE SERVICES will not violate any applicable law or regulation.
• YOU acknowledge and agree that all bids placed in an auction are binding and cannot be retracted.
• YOU agree to comply with the specific rules and conditions of each auction, including deposit and payment requirements.
• YOU agree that CARIBID is not responsible for verifying the authenticity or condition of auctioned items, and that such responsibility rests exclusively with the SELLER.
• In the event of winning an auction, YOU agree to complete payment within the stipulated time and in accordance with the terms set forth on the site.
• If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of THE SERVICES (or any portion thereof).

VIII. AUTHORIZED CONTACT

You can contact us by email at contacto@caribid.com.

IX. INTENDED USE

These Legal Terms constitute a legally binding agreement made between YOU, whether personally or on behalf of an entity, and CARIBID S.R.L., concerning your access to and use of THE SERVICES. You agree that by accessing the Services, you have read, understood, and agreed to be bound by all of these Legal Terms. IF YOU DO NOT AGREE WITH ALL OF THESE LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY.

We will provide you with prior notice of any scheduled changes to THE SERVICES you are using. Modified Legal Terms will become effective upon being posted or notified by noreply@caribid.com, as stated in the email message. By continuing to use THE SERVICES after the effective date of any changes, you agree to be bound by the modified terms.

THE SERVICES are intended for users who are at least 18 years of age. Persons under the age of 18 are not permitted to use or register for the Services.

We recommend that you print a copy of these Legal Terms for your records.

Please review this section and the PROHIBITED ACTIVITIES section carefully before using our Services to understand (a) the rights you give us and (b) the obligations you have when you post or upload any content through the Services.

Submissions: By directly sending us any question, comment, suggestion, idea, feedback, or other information about THE SERVICES, you agree to assign to us all intellectual property rights in such Submission. You agree that we shall own this Submission and be entitled to its unrestricted use and dissemination for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you.

Contributions: THE SERVICES may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality during which you may create, submit, post, display, transmit, publish, distribute, or broadcast content and materials to us or through the Services, including but not limited to text, writings, video, audio, photographs, music, graphics, comments, reviews, rating suggestions, personal information, or other material ("Contributions"). Any Submission that is publicly posted shall also be treated as a Contribution.

You understand that Contributions may be viewable by other users of THE SERVICES.

When you post Contributions, you grant us a license (including the use of your name, trademarks, and logos): By posting any Contribution, you grant us a worldwide, perpetual, non-exclusive, transferable, royalty-free, fully-paid, irrevocable, unlimited right and license to use, copy, reproduce, distribute, sell, resell, publish, broadcast, retitle, store, publicly perform, publicly display, reformat, translate, excerpt (in whole or in part), and exploit your Contributions (including, without limitation, your image, name, and voice) for any purpose, commercial, advertising, or otherwise, to prepare derivative works of, or incorporate into other works, your Contributions, and sublicense the licenses granted in this section. Our use and distribution may occur in any media formats and through any media channels.

This license includes our use of your name, company name, and franchise name, as applicable, and any of the trademarks, service marks, trade names, logos, and personal and commercial images you provide.

YOU are responsible for what you post or upload: By sending us Submissions and/or posting Contributions through any part of THE SERVICES or making Contributions accessible through THE SERVICES by linking your account to any of your social networking accounts, you:

• Confirm that you have read and agree with our PROHIBITED ACTIVITIES and will not post, send, publish, upload, or transmit through THE SERVICES any Submission nor post any Contribution that is illegal, harassing, hateful, harmful, defamatory, obscene, bullying, abusive, discriminatory, threatening to any person or group, sexually explicit, false, inaccurate, deceitful, or misleading.
• To the extent permissible by applicable law, waive any and all moral rights to any such Submission and/or Contribution.
• Warrant that any such Submission and/or Contributions are original to you or that you have the necessary rights and licenses to submit such Submissions and/or Contributions and that you have full authority to grant us the above-mentioned rights in relation to your Submissions and/or Contributions.
• Warrant and represent that your Submissions and/or Contributions do not constitute confidential information.

You are solely responsible for your Submissions and/or Contributions and you expressly agree to reimburse us for any and all losses that we may suffer because of your breach of (a) this section, (b) any third party's intellectual property rights, or (c) applicable law.

We may remove or edit your Content: Although we have no obligation to monitor any Contributions, we shall have the right to remove or edit any Contributions at any time without notice if in our reasonable opinion we consider such Contributions harmful or in breach of these Legal Terms. If we remove or edit any such Contributions, we may also suspend or disable your account and report you to the authorities.

XI. PROHIBITED ACTIVITIES

You may not access or use THE SERVICES for any purpose other than that for which we make THE SERVICES available. THE SERVICES may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.

As a user of THE SERVICES, you agree not to:

• Unauthorized Data Collection: Systematically retrieve data or other content from the Services to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
• Deception and Fraud: Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
• Interference with Security: Circumvent, disable, or otherwise interfere with security-related features of the Services, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of THE SERVICES and/or the CONTENT contained therein.
• Damage to Reputation: Disparage, tarnish, or otherwise harm, in our opinion, us and/or THE SERVICES.
• Harassment and Abuse: Use any information obtained from THE SERVICES in order to harass, abuse, or harm another person.
• Misuse of Support: Make improper use of our support SERVICES or submit false reports of abuse or misconduct.
• Violation of Laws: Use THE SERVICES in a manner inconsistent with any applicable laws or regulations.
• Unauthorized Linking: Engage in unauthorized framing of or linking to the SERVICES.
• Malware Transmission: Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party's uninterrupted use and enjoyment of the SERVICES or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the SERVICES.
• Unauthorized Automated Use: Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.
• Copyright Removal: Delete the copyright or other proprietary rights notice from any Content.
• Impersonation: Attempt to impersonate another user or person or use the username of another user.
• Unauthorized Tracking Mechanisms: Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats ("gifs"), 1×1 pixels, web bugs, cookies, or other similar devices.
• Interference with Operations: Interfere with, disrupt, or create an undue burden on the SERVICES or the networks or services connected to the SERVICES.
• Harassment of Personnel: Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the SERVICES to you.
• Bypassing Security Measures: Attempt to bypass any measures of the SERVICES designed to prevent or restrict access to the SERVICES, or any portion of the SERVICES.
• Reverse Engineering: Copy or adapt the SERVICES' software, including but not limited to Flash, PHP, HTML, JavaScript, or other code, except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the SERVICES.
• Unauthorized Automated Systems: Use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the SERVICES, or use or launch any unauthorized script or other software.
• Unauthorized Purchasing Agents: Use a buying agent or purchasing agent to make purchases on the SERVICES.
• Unauthorized Use: Make any unauthorized use of the SERVICES, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses.
• Unfair Competition: Use the SERVICES as part of any effort to compete with us or otherwise use the SERVICES and/or the CONTENT for any revenue-generating endeavor or commercial enterprise.
• Profile Transfer: Sell or otherwise transfer your profile.
• Sale of Counterfeit Items: Sell counterfeit items.
• Unauthorized Sale: Sell an item you do not have permission to sell.
• Money Laundering: Engage in money laundering.
• Shill Bidding: Engage in "shill bidding," which consists of placing fraudulent bids to manipulate the price of auctioned items or artificially influence auction competition.
• Obscene Content: Engage in obscene or inappropriate chats.
• Harmful Actions: Perform any other action that in our sole discretion may be harmful or negatively affect the integrity of the CARIBID platform and the SERVICES we provide.

XII. PURCHASES AND PAYMENT

All purchases made through THE SERVICES are non-refundable.

We accept the following forms of payment:

• Credit and debit cards: Visa, MasterCard.
• Bank transfers: We accept domestic and international bank transfers, including ACH, SWIFT, and other electronic bank transfer methods that comply with applicable financial standards and regulations.
• Electronic payment gateways: Stripe, Azul.
• Other methods: Botón de Pago Popular, Botón de Pago BHD, Neumann.

YOU agree to provide current, complete, and accurate purchase and account information for all purchases made via THE SERVICES. You further agree to promptly update account and payment information, including email address, payment method, and payment card expiration date, so that we can complete your transactions and contact you as needed.

Payments will be made in the currency indicated on the item at the time of purchase, either in Dominican Pesos (RD$) or in US Dollars (USD), without applying exchange rates. The amount must be paid in full in the specified currency, according to the conditions of the auctioned or sold item.

YOU agree to pay all charges at the prices then in effect for your purchases and any applicable shipping fees, and you authorize us to charge your chosen payment provider for any such amounts upon placing your order. We reserve the right to correct any errors or mistakes in pricing, even if we have already requested or received payment.

We reserve the right to refuse any order placed through THE SERVICES. We may, in our sole discretion, limit or cancel quantities purchased per person, per household, or per order. These restrictions may include orders placed by or under the same customer account, the same payment method, and/or orders that use the same billing or shipping address. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers, or distributors.

XIII. GUIDELINES FOR REVIEWS

We may provide you areas on the Services to leave reviews or ratings. When posting a review, you must comply with the following criteria:

• You should have firsthand experience with the person/entity being reviewed.
• Your reviews should not contain offensive profanity, or abusive, racist, offensive, or hate language.
• Your reviews should not contain discriminatory references based on religion, race, gender, national origin, age, marital status, sexual orientation, or disability.
• Your reviews should not contain references to illegal activity.
• You should not be affiliated with competitors if posting negative reviews.
• You should not make any conclusions as to the legality of conduct.
• You may not post any false or misleading statements.
• You may not organize a campaign encouraging others to post reviews, whether positive or negative.

We may accept, reject, or remove reviews in our sole discretion. We have absolutely no obligation to screen reviews or to delete reviews, even if anyone considers reviews objectionable or inaccurate. Reviews are not endorsed by us, and do not necessarily represent our opinions or the views of any of our affiliates or partners. We do not assume liability for any review or for any claims, liabilities, or losses resulting from any review. By posting a review, you hereby grant to us a perpetual, non-exclusive, worldwide, royalty-free, fully-paid, assignable, and sublicensable right and license to reproduce, modify, translate, transmit by any means, display, perform, and/or distribute all content relating to the review.

CLAUSE 2. OBJECT

By means of this agreement, CARIBID S.R.L. undertakes to THE USER to provide the technology platform service, allowing access to and use of CARIBID.COM through the server designated by YOU, for the duration of this agreement, to be used in accordance with the INTENDED USE, as established on the Contract Cover Page. CARIBID S.R.L. reserves all rights, title, and ownership of the CARIBID.COM platform, including, but not limited to, servers, computer equipment, other hardware, and software incorporated into or used by CARIBID.COM. Likewise, this agreement does not transfer to THE USER any intellectual or industrial property rights over CARIBID.COM or its components.

CLAUSE 3. USER GENERATED CONTRIBUTIONS

The Services may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality, and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Services, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Services and through third-party websites. As such, any Contributions you transmit may be treated as non-confidential and non-proprietary.

When you create or make available any Contributions, you thereby represent and warrant that:

• The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party.
• You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Services, and other users of the Services to use your Contributions in any manner contemplated by the Services and these Legal Terms.
• You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Services and these Legal Terms.
• Your Contributions are not false, inaccurate, or misleading.
• Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation.
• Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us).
• Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone. Your Contributions are not used to harass or threaten (in the legal sense of those terms) any other person and to promote violence against a specific person or class of people.
• Your Contributions do not violate any applicable law, regulation, or rule.
• Your Contributions do not violate the privacy or publicity rights of any third party.
• Your Contributions do not violate any applicable law concerning child pornography, or otherwise intended to protect the health or well-being of minors.
• Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap.
• Your Contributions do not otherwise violate, or link to material that violates, any provision of these Legal Terms, or any applicable law or regulation.

Any use of the Services in violation of the foregoing violates these Legal Terms and may result in, among other things, termination or suspension of your rights to use the Services.

CLAUSE 4. ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES

Visiting the Services, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Services, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SERVICES. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.

CLAUSE 5. MODIFICATIONS AND INTERRUPTIONS

We reserve the right to change, modify, or remove the contents of the Services at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Services. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Services.

We cannot guarantee the Services will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Services, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Services at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Services during any downtime or discontinuance of the Services. Nothing in these Legal Terms will be construed to obligate us to maintain and support the Services or to supply any corrections, updates, or releases in connection therewith.

CLAUSE 6. DISPUTE RESOLUTION

Informal Negotiations

To expedite resolution and control the cost of any dispute, controversy, or claim related to these Legal Terms (each a "Dispute" and collectively, the "Disputes") brought by either you or us (individually, a "Party" and collectively, the "Parties"), the Parties agree to first attempt to negotiate any Dispute (except those Disputes expressly provided below) informally for at least thirty (30) days before initiating arbitration. Such informal negotiations commence upon written notice from one Party to the other Party.

Binding Arbitration

Any dispute arising from or in connection with these Legal Terms, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by the International Commercial Arbitration Court under the European Arbitration Chamber (Belgium, Brussels, Avenue Louise, 146) according to the Rules of this ICAC, which, as a result of referring to it, is considered part of this clause. The number of arbitrators shall be one (1). The seat, or legal place, of arbitration shall be Santo Domingo, Dominican Republic. The language of the proceedings shall be Spanish. The governing law of these Legal Terms shall be the substantive law of the Dominican Republic.

Restrictions

The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. To the fullest extent permitted by law:

• No arbitration shall be joined with any other proceeding.
• There is no right or authority for any Dispute to be arbitrated on a class-action basis or to utilize class action procedures.
• There is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons.

Exceptions to Informal Negotiations and Arbitration

The Parties agree that the following Disputes are not subject to the above provisions concerning informal negotiations and binding arbitration:

• Any Dispute seeking to enforce or protect, or concerning the validity of, any of the intellectual property rights of a Party.
• Any Dispute related to, or arising from, allegations of theft, piracy, invasion of privacy, or unauthorized use.
• Any claim for injunctive relief.

If this provision is found to be illegal or unenforceable, then neither Party will elect to arbitrate any Dispute falling within that portion of this provision found to be illegal or unenforceable and such Dispute shall be decided by a court of competent jurisdiction within the courts listed for jurisdiction above, and the Parties agree to submit to the personal jurisdiction of that court.

CLAUSE 7. USER DATA

We are committed to processing and protecting personal data in accordance with applicable regulations, including best practices from the General Data Protection Regulation (GDPR) and the Personal Data Protection Law of the Dominican Republic (Law 172-13).

CARIBID will securely capture and store certain information necessary to complete legal documents digitally, including, but not limited to, ID card, passport, address, email, phone number of users, sellers, and owners, in order to manage and improve the performance of THE SERVICES, and to ensure their proper functioning. Such data may also include personal information provided by YOU, as well as any other information necessary to comply with our legal and contractual obligations.

We perform regular data backups to ensure its integrity and availability. However, YOU are responsible for providing accurate information and maintaining a backup copy of any data relevant to your activities on THE SERVICES.

In accordance with applicable law, YOU have the following rights over your personal data:

• Right of access: You can request information about the personal data we process about YOU.
• Right to rectification: You can correct any errors in your personal data.
• Right to erasure (right to be forgotten): You can request the deletion of your personal data by sending an email to privacidad@caribid.com to initiate the process, unless we are legally obliged to retain it.
• Right to data portability: You can request the transfer of your personal data to another service provider.
• Right to object to the processing of your personal data for legitimate reasons.

YOU may exercise your rights by sending us a request through the contact channels specified in these Legal Terms. If you have any concerns about the processing of your personal data, you may also file a complaint with the relevant data protection authorities.

Although we take reasonable measures to protect your data, YOU acknowledge that we cannot assume responsibility for any loss, damage, or corruption of such data beyond our control. YOU waive any right of action against CARIBID arising from the loss or corruption of data to the extent permitted by law.

CLAUSE 8. GOVERNING LAW

These Legal Terms shall be governed by and construed in accordance with the laws of the Dominican Republic. CARIBID S.R.L. and YOU irrevocably consent that the courts of the Dominican Republic shall have exclusive jurisdiction to resolve any dispute which may arise in connection with these Legal Terms.

CLAUSE 9. MISCELLANEOUS

These Legal Terms and any policies or operating rules posted by us on the Services or in respect to the Services constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Legal Terms shall not operate as a waiver of such right or provision. These Legal Terms operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Legal Terms is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Legal Terms and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Legal Terms or use of the Services. You agree that these Legal Terms will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Legal Terms and the lack of signing by the parties hereto to execute these Legal Terms.