Terms and Conditions

Acceptance of Terms: “Parvis”, “we”, “us” or “our” means Parvis Invest Inc. or Parvis Fintech Inc, (when applicable) and the “Investor,” “you” or “your” means a user of the website or registered investor. These Terms and Conditions (“Terms”) are effective as of the first day you agree to them (the “Effective Date”).

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The Terms govern the use of the website at www.parvisinvest.com and the Investor Platform (the “Site” or the “Platform”). Please read these Terms set out herein carefully before using the Site as these Terms govern your access to and use of the Site and the Services or any aspect thereof. These Terms exempt Parvis and others from liability and/or limit our and their liability and contain other important provisions that apply to your use of this Site.

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The Site provides information regarding potential investments and allows users to evaluate, and commit to participate in, certain investment activities. These Terms are a contract between you and Parvis and its affiliated entities governing your use of services available by means of this Site (“Services”). The contents of the Site include, without limitation, all information, data, products, materials, Services, software applications and tools, design elements, text, images, photographs, illustrations, audio and video contents, artwork, graphics contained therein or otherwise made available to you in connection therewith (collectively the “Contents”) and, unless the context clearly requires otherwise, or we explicitly say so in writing, the term “Site” includes all of the Contents. By registering on our Site, you acknowledge receiving benefits by being able to access this Site and you accept the legally binding Terms set forth below, as well as the terms of our Privacy Policy. We may also ask you to indicate your consent more formally by checking a box or otherwise taking an affirmative action. By visiting this Site, you accept to comply with the Terms, which may be modified from time to time without notice by changes to this document. By using any Service, you acknowledge and accept our Privacy Policy and consent to the collection and use of your data in accordance with the Privacy Policy. This is a legally binding contract between you and Parvis. If you have any questions about its meaning you should consult with a lawyer before using the Site. Please read this document carefully before you access or use the Site. By accessing or registering at the site, you agree to be bound by the terms and conditions set forth below. If you do not wish to be bound by these terms and conditions, please do not access our site or register for our Platform.

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Parvis may, at its sole discretion, modify or replace these Terms by posting the updated Terms on the Site. Unless otherwise indicated by Parvis, any changes will become effective on a prospective basis from the date of posting. It is your responsibility to check the Terms periodically for changes. Your continued use of the Service following the posting of any changes to the Terms constitutes acceptance of those changes. The Site will notify you by email when there have been changes to the Terms and Parvis reserves the right to change, suspend, or discontinue the Service or any of its features at any time for any reason. Parvis may also impose limits on certain features and services or restrict your access to parts or all of the Service without notice or liability. Clicking that you agree to the Terms and Conditions or continuing to use the Site has the same legal effect as signing a paper version.

Summary of Service: Parvis is a Canadian Corporation, registered as an exempt market dealer pursuant to National Instrument 31-103 (Registration Requirements and Exemptions). The Platform is a marketplace for real estate projects, funds and investors seeking to invest directly in alternative investments such as real estate with an attention on community and social impact projects with the potential for financial return. Parvis is currently only offering investments privately offered and are transactions exempt from prospectus and registration requirements (“Investment”). Parvis is currently preparing the necessary regulatory applications to be registered under applicable securities and mortgage laws where it intends to operate. An investor may retain Parvis to perform one or more of the following services:

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a) To provide investors with investment opportunities and to facilitate investments by the investor into real estate properties or development projects via its Platform (“Property Offering”).

b) To facilitate every step of the investment process such as document signing (“Offering Agreements”), investment fund transfer and facilitating the opportunity to trade investments on the Platform’s Secondary Market.  Offering Agreements includes any subscription agreement, offering disclosure form, or any other agreement entered into related to the sale or distribution of a security.

c) To act as an intermediary broker for property owners and developers (“Property Issuer”) and you (“Services”). A Property Issuer means an entity that requested financing or offered to indirectly sell securities through our Platform.

Registration: You may browse the Site without registering, but to review Investment opportunities you must register. By registering, you represent and warrant to Parvis that you will provide accurate, complete, and updated registration information, and you agree to immediately provide corrected information if any of the submitted information is no longer accurate, complete and current. You further represent and warrant that your use of the Site and the Services does not violate any applicable laws, rules or regulations.

We are legally required to verify your identity for you to use our Services and to subscribe to Property Offerings.  Therefore, you acknowledge and agree to disclose certain personal and financial information and that we may share your information with third parties to confirm your eligibility and to verify your identity information. You authorize us to collect and, in applicable instances, submit certain personal information to the securities regulators on your behalf and on behalf of Parvis. This information is being collected on behalf of and used by the applicable securities regulator.

When registering, you shall not use as a User ID any name or term that i) is the name of another person, with the intent to impersonate that person; ii) is subject to any rights of another person, without appropriate authorization; or iii) is offensive, vulgar, or obscene. Parvis reserves the right in its sole discretion to refuse registration of or cancel a User ID. You are solely responsible for activity that occurs on your account and shall be responsible for maintaining the confidentiality of your password for the Site. We will treat anyone who uses your User ID and password as "you" for all purposes, and we will hold you responsible for the activities of the person using your password. You will never allow any other person to use your account, nor will you use the account of any other User. You will immediately notify Parvis in writing of any unauthorized use of your account, or other known account related security breach.

a) The Platform means all information, functionality, and otherwise related to the Parvis Web site and app, any Parvis emails, any Parvis Social Media sites or channels, and any related communications. An Investor is a registered user of the Platform, including any corporate entity, registered as an Investor for the purpose of viewing opportunities on the Parvis Platform, providing financing or buying securities from a Property Issuer.

b) To register as a Parvis Investor, you will be required to provide new account client information.  This includes Know Your Client Information (KYC), Anti-Money Laundering Information (AML) and accredited or eligible investor (“Qualified Investor”) information.  Your account information also includes financial information, tax information and any other information required to confirm your suitability as an investor and to be able to provide you the Services.

c) You are registering as an Investor on our Platform to be eligible to use our Platform and subscribe to Property Offerings. Only registered Investors can see all the information provided in the Property Offerings and make an investment.

d) In order to register as an Investor you must have i) a full legal capacity to enter into, execute, and perform our Terms in your jurisdiction of residence, ii) or on behalf of a business in your jurisdiction of residence for which financing or a purchase of security is being offered and be able to qualify as a Qualified Investor or iii) under some other exception where the prospectus requirement does not apply to a distribution of a security.

e) In most instances, in order to qualify as a Qualified Investor and participate as an Investor on our Platform, you must have at least $1,000,000 in net assets, or must have personal annual net income greater than $75,000, or an annual net income of $100,000 when combined with a spouse’s income. If you want to invest as a non-individual, then you must qualify as a Qualified Investor as defined in the National Instrument 45-106 – Prospectus and Registration Exemptions.

f) If you do not qualify as a Qualified Investor, another option may be available to you, subject to determination and approval by Parvis. You acknowledge, warrant, and agree that you will provide accurate and complete information to Parvis for the accurate determination of whether you qualify as a Qualified Investor and if you can participate as an Investor on our Platform.  

Communications: You consent to receive from Parvis all communications including notices, agreements, legally required disclosures, or other information in connection with the Services electronically. Parvis may provide the electronic notices by posting them on the Site and/or emailing you that there has been an update. You agree that Parvis may send communications to you via your mailing address, email, or telephone provided by you in your Account. You agree to notify us of any changes in your address or contact details. Parvis may also deliver information verbally. Communications shall be deemed delivered to you when sent and not when received. Your use of electronic signatures to sign documents legally binds you in the same manner as if you had manually signed such documents. The use of electronic versions of documents fully satisfies any requirement that such documents be provided to you in writing. If you sign electronically, you represent that you have the ability to access and retain a record of such documents. You agree that you are responsible for understanding these documents and agree to conduct business by electronic means.

You are obligated to review the Parvis Services periodically for changes and modifications and agree not to contest the admissibility or enforceability of the Site's electronically stored copy of these Terms in any proceeding arising out of these Terms. Although you consent to electronic delivery, you may elect to deliver communications by other means and such delivery shall not affect your consent. You may revoke consent to electronic delivery of communications and receive a paper version at your election. Parvis shall have a reasonable period to effect such a change and Parvis may charge you a reasonable fee for sending such paper copies. If you elect to use electronic delivery, you agree and represent that you have a suitable computer with Internet access, an email address, and the availability to download, save and/or print communications to retain a record of such communications. You agree that you are solely responsible for maintaining such equipment and services required for online access.

Investment Offerings: Parvis makes certain speculative Investment offerings available on this Site, and these Investments are only suitable for sophisticated users who are familiar with and willing to accept the high risk associated with these types of Investments. In order to invest through this Site, users must have high risk tolerance, low liquidity concerns and be comfortable with making long-term commitments. Users of this Site must be able to afford to lose their entire investment. Offerings have not been reviewed or approved in any way by a securities regulatory authority or regulator in any jurisdiction. Any information provided by Parvis is not intended to provide legal, securities, accounting or tax advice and should not be relied upon in that respect. You should not act or rely on any information on the Site without seeking the advice of a professional. This Site and any information provided in respect of an Investment is neither an offer to sell nor a solicitation of an offer to purchase any security or Investment. Parvis conducts certain vetting and due diligence on issuers who list Investments offers through the Site as required by applicable law. However, Parvis does not guarantee the performance of any Investment. The accuracy of any information in respect of an Investment is solely the responsibility of the applicable issuer, and you must proceed directly against such issuer in the event of any claim you may have about an Investment. You may receive limited ongoing information about an issuer, a potential Investment or an Investment already made. Parvis' listing of an Investment and any annotation provided by Parvis in respect of such Investment does not amount to recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. All information you receive from Parvis in respect of an Investment is confidential (“Confidential Information”). You agree to use any Confidential Information solely for the purpose of considering and/or completing an investment through the Site, and not for any other purpose, including for any third party's benefit. You agree to keep strictly confidential and not to disclose to or disseminate any of the Confidential Information to anyone without the express written consent of the issuer of an offered Investment except that you may disclose the Confidential Information to your employees, advisors and capital providers who are required to have the information in order to evaluate or engage in discussions regarding an Investment but only after such persons have agreed in writing to confidentiality obligations at least as restrictive as the ones set forth in these Terms. You must ensure that those persons comply with the obligations imposed on you under these Terms and you agree to be liable for any such person's failure to abide by these restrictions. You agree you will not directly or indirectly communicate with or solicit any party making an Investment offer.

Investor Representations and Warranties: The Investor acknowledges, represents, and warrants to Parvis and agrees with Parvis as follows:

a) You have the requisite legal capacity, authority, and power to execute, deliver and perform your obligations under our Terms that become enforceable against you. Your execution of this Agreement and the performance of your obligations hereunder do not conflict with or violate any obligations by which you are bound, whether arising by contract, operation of law, or otherwise.

b) If the Investor is an entity, the trustee, agent, representative or nominee (the “Investor Representative”) accepting our Terms on your behalf has the requisite legal capacity, authority, and power to execute, deliver and perform such execution and the obligations under these Terms, as applicable. You will promptly notify Parvis of any change in such authority, including any changes to the Investor's organizational, delegation or formation documents that change the information the Investor provides to Parvis on opening the Investor’s account.

  i) For Entity Clients: If the Investor Representative is accepting our Terms, the Investor and its Investor Representative understand and agree that the representations, warranties, and agreements made herein are made by the Investor both with respect to the Investor and its Investor Representative.

  ii) For Joint Investors: If Investors are accepting our Terms jointly, the Investor understands and agrees that the representations, warranties, and agreements made herein are made on behalf of all of the joint account holders and further agrees that each (a) is an Investor; (b) has the authority to act on behalf of the account and that Parvis will accept such instructions from any one investor; (c) is jointly and severally liable per the Terms; and (d) that in the case of death of any of the joint account holders, interest in the investment shall vest in the surviving account holder(s) (in most Provinces) under the same Terms and the surviving Investor(s) shall promptly provide Parvis with written notice thereof and provide any estate documentation reasonably requested by Parvis.

c) You qualify as an accredited or eligible investor under the investor exemptions as defined under Canadian Securities regulators’ National Instrument 45-106.

d)  Securities laws provide you as an Investor a right of action or a right of rescission against an issuer of securities, if there is a misrepresentation in the Offering Agreements. You acknowledge that you will carefully review all the documents and timely assert your rights if there is any misrepresentation or false information provided to you. You also acknowledge that no relief will be available if you invest with knowledge of the misrepresentation.

e)  No securities regulatory authority has approved or expressed an opinion about any Property Offering or any security, which may be offered on the Parvis Platform.

f)  Each Property Offering you choose to consider is a unique security and may not be a suitable investment to you; and that Parvis does not provide investment advice or recommendations to you concerning your proposed investment. You hereby acknowledge that you alone are responsible for your decision to offer financing to a particular security or to buy any particular security.

Restricted Activities:  We may in our sole discretion, with or without cause and with or without notice, restrict your access to the Platform. You hereby agree to immediately notify Parvis if you identify any fraudulent activity in connection with our Platform. You agree that you will not do the following in connection with any of our Services, Platform and investment offerings.

1. misrepresent your identity, or describe, present or portray yourself as a person or entity other than yourself

2. represent yourself to any person, as a representative, employee, or agent of Parvis or any of its affiliates or subsidiaries, or purport to speak to any person on behalf of Parvis or any of its affiliates or subsidiaries;

3. contact property issuers in ways other than as authorized by Parvis;

4. publish, share or otherwise disclose any information, business secrets, images, or otherwise from any investment offering to any other person, entity, or party except for the purposes of making an investment decision with respect to the offering investment in question;

5. publish, share or otherwise disclose your password to others;

6. post, upload, publish, display, transmit, share, store or otherwise make or attempt to make publicly available on our Platform or on any other Web site, or in any email, blog, forum or other communication of any kind, any private or Personal Information of any other investor, visitor or other third parties, whether or not such private or personal information is displayed on or ascertainable from the Platform, or obtained or obtainable from sources unrelated to our Platform;

7. post, upload, publish, display, transmit, share, store or otherwise make or attempt to make available on the Platform any material that: i) infringes on any third party’s copyright, patent, trademark, trade secret or other proprietary rights or right of publicity or privacy; ii) violates any applicable laws; iii) is defamatory or libelous; iv) is lewd, hateful, violent, pornographic or obscene; v) violates any laws regarding unfair competition, anti discrimination or false advertising; vi) promotes violence or contains hate speech; vii) contains viruses, Trojan horses, worms, time bombs, cancelbots or other similar harmful programs;

8. violate any laws including but not limited to, the Criminal Code, federal and provincial privacy laws and regulations; and

9. share or otherwise fail to secure your username, email, or password.‍

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Use of the Platform: Parvis is not responsible for any damage (direct, indirect, special, economic, consecutive, exemplary, or punitive) incurred following use or unavailability of this Site, its content, or any action or decision taken by you or another person based on the website, its content or any other unauthorized use or reproduction of the Site or its contents. Parvis takes precautions to protect client information on our website. In certain sections, Parvis uses encryption protocol to protect data transmission. When you are in a protected zone, the lock icon of Web browsers is locked.
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User Content: You agree not to post, upload or transmit content that violates any privacy right, publicity right, patent, trademark, contract right, copyright, or other right of any party or other person. Please ensure your activities are appropriate and relevant to the members of this community and contribute positively to the content and conversation herein. Parvis may remove any comments, photos, videos, discussion posts, wall posts and any other visitor or third party posted content that contains confidential information, profanity, illegal material, spam or is otherwise deemed to be inappropriate. Parvis reserves the right to ban from this site any commenters that violate these parameters. Please avoid specific mention or discussions about investment advice, products, or specific securities. Visitors to this page must avoid posting positive reviews of their experiences with the adviser or its services as such testimonials are prohibited under applicable law and may not reflect the experience of all Parvis clients.  

The entire content of the site, including third party posts, is archived by Parvis to comply with applicable laws and regulations. Parvis maintains a presence on certain social media sites, currently LinkedIn, Instagram and Facebook, but is not affiliated with these sites and has no control over how third-party sites will use the information shared on the site. Please read and understand the privacy policies and terms of service for each social media site you participate in and understand how your information can be displayed and used throughout the site as well as other third-party sites that may be linked to by such third-party sites. The information and opinions are subject to change without notice and do not purport to be complete. If you have questions about our business, you can contact us at info@parvisinvest.com.

Social Media: Information posted on Parvis's social media sites should not be construed as personalized advice or recommendation of any security or investment strategy by Parvis or any of its affiliates or as an offer to sell or solicitation of an offer to buy any securities. If you are a Parvis client and have questions or concerns that are specific to your account(s), please contact us directly. You should never post personal, account or transaction information anywhere on any social media site. Any opinions expressed by Parvis or its employees on its social media accounts are as of the date of publication and are subject to change. Information that Parvis posts on its social media sites is taken from sources that Parvis believes to be reliable but is not guaranteed by Parvis as to accuracy or completeness. Parvis social media sites may contain links to articles or other information that are contained on a third-party website. Parvis does not endorse or accept responsibility for the content, or the use, of the website. Parvis assumes no liability for any inaccuracies, errors or omissions in or from any data or other information provided on the pages. Parvis does not review content, advertisements, activities, or any other information posted on sites linked by third parties. Any opinions or statements posted by third parties are their own and may not be representative of the experience of others or indicative of future performance or success.

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Third Party Sites: The Service may permit you to link to other websites or resources on the Internet, and other websites or resources may contain links to the Site. When you access third party websites, you do so at your own risk. Those other websites are not under Parvis's control, and you acknowledge that Parvis is not liable for the content, functions, accuracy, legality, appropriateness, or any other aspect of those other websites or resources. The inclusion on another website of any link to the Site does not imply endorsement by or affiliation with Parvis. You further acknowledge and agree that Parvis shall not be liable for any damage related to the use of any content, goods, or services available through any third-party website or resource.

Third Party Agreements: Parvis uses third-party service providers for various services it provides to you as part of its Services. These services include suitability screening, electronic document signing and payment services. By investing on our Site, you agree to be bound by our Privacy Policy and Terms of Service. You hereby consent and authorize Parvis to share any information and payments instructions you provide with the Services Providers to the minimum extent required to complete your transactions and offer the Services to you.

Payment: Any fees or expenses payable in connection with an Investment will be set out in the information and documents provided in respect of such Investment. It is your responsibility to carefully review such documents, and by participating in an Investment you agree that, if any fees or charges are payable by you, you are responsible for and agree to pay promptly, all such fees and charges, including applicable taxes.

Legal, Accounting or Tax Advice: Parvis does not provide legal, accounting or tax advice. Any representation or implication to the contrary is expressly disclaimed. You should consult your own legal, accounting and tax professionals.

‍Currency: Unless otherwise expressly indicated, all dollar amounts referred to in this Agreement will be in lawful money of Canada.‍

Limitation of Liability: In no event except for our suitability obligation and other obligations under securities law shall either you or we be liable to one another for any lost profits including special, exemplary, consequential or punitive damages, even if informed of the possibility of such damages. You further agree that in no event shall Parvis be liable or responsible in any manner for any direct, indirect, special, incidental or consequential damages, however caused, resulting from any investment you made in any Property Offering promoted on our Platform. You hereby agree that Parvis’ total liability under or arising out of this Agreement shall be limited to the aggregate amounts paid or due and owing by you to us hereunder.

Indemnification & Risk of Loss: Parvis shall not be obligated to indemnify you against any claims, losses, liability or expense (including, without limitation, costs, charges, legal fees and disbursements) that you may suffer or incur as the result of or based upon any negligent act or omission, willful misconduct or fraudulent action on your part. To the extent permitted under applicable law, you understand and agree that Parvis will not be liable to you for any losses incurred by you that arise out of or are in any way connected with any Property Offering transaction or other act or failure to act of Parvis under our Terms, including, but not limited to, any tax liability asserted against you by any federal, provincial or local authority with respect to the Property Offering, so long as such act or failure to act does not constitute a breach of Parvis’ fiduciary duty to you. You shall indemnify and defend Parvis and its directors, officers, shareholders, employees and affiliates and hold them harmless from and against any and all claims, losses, damages, liabilities and expenses, as they are incurred, by reason of any act or omission of you or any custodian, broker, agent or other third party selected by Parvis in a commercially reasonable manner or selected by you. In addition to the above indemnities, for entities, the Investor Representative shall further indemnify and defend Parvis and its directors, officers, shareholders, employees and affiliates and hold them harmless from and against any and all claims, losses, damages, liabilities and expenses, as they are incurred, resulting from or in connection to your assertion of Investor Representative’s lack of proper authorization from you to subscribe to our Terms.

Cancellation: We do not warrant or guarantee that your investment will be accepted by Parvis and that a Property Offering will not be canceled before the investment is to be transferred to the Property Issuer. Parvis cannot guarantee that the Property Offering will perform as agreed. If you do not have any investment agreement in the process of being executed or funds to transfer with respect to an investment offering, you may cancel your account registration at any time. When you enter into any investment agreement, you can terminate such agreement pursuant to its terms. Any investment offering you have entered into prior to the effective date of cancellation shall remain in full force and effect in accordance with their terms.

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‍Assignment: You may not assign, transfer, sublicense or otherwise delegate your rights hereunder to another person.

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Non-Canadian investors: This Site and its contents should not be considered an offer to sell or a solicitation to buy securities to any person residing in the United States of America or in any other jurisdiction in which such an offer or solicitation is unlawful, or to any other person to whom it is unlawful to make a solicitation. Investors should contact their financial advisors for further details.‍

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English Language: You agree that these Terms of Use any correspondence in connection therewith will be drawn up in English only. Vous convenez que ces Conditions d’utilisation et toute correspondance connexe seront rédigés en anglais seulement.

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Governing Law: Should any dispute arise from the use of the Platform, the Terms applicable should be governed in accordance with the laws applicable in the Province of British Columbia and the laws of Canada applicable therein regardless of the laws that might otherwise govern under applicable British Columbia principles of conflicts of law.

In consideration of the mutual covenants herein, the Client and Parvis agree as follows:

• These Terms are available on the Parvis Website at ParvisInvest.com where it will be periodically updated.  It can be accessed at any time by logging in to our Platform. Any amendment shall be effective upon posting our amended Terms on the Platform or otherwise delivered to you.
• You understand and agree that your continued use of the Platform or our Services after we have posted any amended Terms constitutes your acceptance of the amended Terms. It is your responsibility to consult the Platform for changes or new versions of these Terms.
• To become an Investor on this Platform, you must read and consider our Terms carefully and contact Parvis should you have any questions before entering into it.
• You agree that any electronic transmission or posting of our Terms on our Platform shall constitute an original and legally binding document.
• Your eligibility to participate and use the Platform is subject to final approval by Parvis.
• The Platform’s Disclosures, Disclaimer, and Privacy Policy are incorporated by reference and form part of these Terms. You agree to accept all Terms and clicking that you agree to these Terms has the same legal effect as signing a paper version.
• Our Relationship Disclosure Document, made available on our Platform, is incorporated by reference and forms part of this Agreement.

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