Parvis Secondary Market

Terms & Conditions 

The Parvis Secondary Market (“Secondary Market”) matches buyers and sellers of private investments, including real estate investments. Our Secondary Market offers attractive opportunities to investors, while sellers get unprecedented access to potential liquidity. Our Secondary Market operates as a bulletin board that provides our users with the flexibility to buy and sell units in high-quality, private equity or private real estate at a time that suits your own investment horizon.

These Secondary Market Terms & Conditions constitute a legal agreement between you, as the user of the Parvis Secondary Market, and Parvis Invest Inc., (“Parvis”) as the owner of the Secondary Market. Throughout these Terms & Conditions we will refer to you as “you”, and we will refer to Parvis as “we”, “us”, or “Parvis”. You should read these terms carefully before agreeing to them. Please contact info@parvisinvest.com if you have any questions about these Terms & Conditions.

1.  Application

2.  Relationship to other Agreements

3.  Use of Secondary Market

4.  Platform Restrictions

5.  Selling Shares

6.  Buying Shares

7.  Our Fees

8.  Our Secondary Market Fees

9.  Personal Data

10. Tax

11. Liability

12. Severability

13. No Waiver

14. Communication

15. Revisions

16. Jurisdiction

17. Compliance with laws

18. Important Disclosures

1.  Application

These Terms & Conditions set out the general terms and conditions governing your use of the Secondary Market. They apply to you as soon as you first use the Secondary Market, and you are deemed to have agreed to be bound by them upon your first use of the Secondary Market or by clicking that you agree to the Terms and Conditions which has the same legal effect as signing a paper version. If you do not wish to be bound by these Terms & Conditions, please do not use the Secondary Market.

2.    Relationship to Other Agreements

In addition to these Terms & Conditions, you and we may enter into several other agreements. For example, by using the Parvis Platform or the Secondary Market, you are deemed to have agreed to our Terms of Service.  Our Privacy Policy also sets out details of how your personal data will be used. These and other agreements you may enter into, and notices you are provided with, in connection with your use of our Platform are intended to be consistent with each other and should be read and interpreted together.

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3.    Use of the Secondary Market

To participate in the Secondary Market, you must be authenticated – either by logging into the Parvis Platform if you already have a user account, or creating a user account.  You can buy Shares or sell Shares on the Secondary Market at any time or, at our discretion, during any liquidity windows established for particular investments, on the Platform. Please note that you are solely responsible for making decisions to sell or buy Shares on the Secondary Market. Parvis will have absolute discretion as to who is permitted to use the Secondary Market, and reserves the rights to cancel trades at any time.

a) Completion of Transaction: An order becomes a completed transaction when it is matched (either fully or partially) with a corresponding order, payment is settled, and relevant ownership interests have been transferred. By submitting a Buy Order or Sell Order, you agree to be bound by these Terms and Conditions. We may change the terms of the Secondary Market at any time at our discretion.

b) Transfer of Owner Agreement: A Buy Order or a Sell Order does not create a legally binding right or obligation. Each trade will require the execution of a Transfer of Owner Agreement, after which the share purchase price paid by the buyer will be transferred to the seller (net of fees) and we will register the new ownership of the Shares within the Parvis primary market.

c) No Exempt Market Dealer Services: Our Secondary Market operates as a bulletin board that provides our users with the flexibility to buy and sell units in high-quality, private equity or private real estate. By using our Secondary Market, you understand that Parvis is providing a marketplace software service and not an exempt market dealer service as it does at the initial purchase of securities. You agree that by using our Secondary Market, Parvis is merely a facilitator of a private assignment to a third party.

4. Platform Restrictions

a) Insider: If you are an individual with close links to an issuer whose Shares are eligible to be traded on the Secondary Market, including but not limited to if you have links to representatives of the issuer, their family, and friends, you should not sell Shares in that business. You agreed not to use the Secondary Market to sell Shares on the basis of negative material non-public information. Any derogation from this restriction requires prior approval by Parvis.

b) Trading Cycle: You should only use the Parvis Secondary Market as authorised, which is by using the Platform pursuant to its Terms and Conditions and these Secondary Market Terms & Conditions. Any unauthorised use of our Secondary Market may result in you losing access to the Secondary Market, your ability to invest on the Parvis platform, or other restrictive action by Parvis. You will not be permitted to request to sell Shares on the Secondary Market if you already purchased the Shares from another seller during the same trading cycle which is the period during which the Shares or units are made available for secondary trading (“Trading Cycle”). We suggest that you read the Secondary Market FAQs.

5. Selling Shares

You may request to sell ownership interests typically in the form of Shares or units (“Share” or Shares”) from your Account at any time. No requests to sell will be accepted by email or any other way. Your Account will indicate which of your Shares are eligible for the Secondary Market and when making the request, you will need to accept the terms set out in the Transfer of Ownership Agreement provided, as well as these Secondary Market Terms & Conditions. You may request to sell Shares at the price you choose as permitted by Parvis under s.7 below, but your request to sell is not guaranteed to result in the Shares being made available on the Secondary Market, and will be subject to eligibility checks that will be completed prior to the trade approval.

Eligibility will be determined at Parvis’ absolute discretion and, if the eligibility of the Shares changes during the Trading Cycle, Parvis reserves its right to cancel the transaction request at any time. Even if Shares are eligible to be traded on the Secondary Market, your ability to sell Shares will depend on buyer demand. It can be difficult to find a buyer and you should not assume that you will be able to sell your Shares on the Secondary Market. The status of your share sale requests may be tracked through your Account.

If a buyer requests to buy your Shares on the Secondary Market, you will be required to sign the final version of the Transfer of Ownership Agreement directly with the buyer. In the event you cancel a share sale after a buyer has requested to buy your Shares but before you have signed the final version of the Transfer of Ownership Agreement, you will not be permitted to make any additional requests to sell Shares in the same investment or issuance.  You are not permitted to cancel a share sale after you sign the Transfer of Ownership Agreement. After we have been notified that the Transfer of Ownership Agreement has been agreed to, we will register ownership of the Shares in the buyer’s name, and the sale proceeds will be deposited in your investment account, less the seller transaction fee pursuant to s. 7 herein. At that time, all rights to future returns from the sold units or Shares will be passed to the buyer.

6. Buying Shares

You may request to buy investment Shares accessible on the Secondary Market.  To make a request to buy Shares, you must (i) select the Shares you wish to buy, (ii) accept the terms of the Transfer of Ownership Agreement with the Seller as well as these Terms & Conditions, and (iii) commit to pay for the Shares and the applicable Parvis fees. Requests will be submitted on a “first come first served” basis, meaning that if you were the first to make a request, you will have priority to buy the Shares from the seller. If the seller accepts your request to buy Shares, he or she will also be required to accept the Transfer of Ownership Agreement.

If we are notified prior to or during the Trading Cycle that the Transfer of Ownership Agreement has been agreed between you and the seller, and the Shares are still eligible to be traded on the Secondary Market, the trade will be completed in the same Trading Cycle. The share purchase price will be transferred to the seller (less any Parvis fees owed by the seller), and we will register ownership of the Shares in your name. Please note that no trades will be completed outside the Trading Cycle. If the Transfer of Ownership Agreement is not agreed between you and the seller, the Shares may be made available to another buyer who has expressed an interest.

Important Disclaimer:

a) Due Diligence: Parvis does not perform due diligence in respect of trades on the Secondary Market. Parvis will make available the initial investment documents (such as a limited partnership agreement, offering memorandum and related documents) relied upon by the Seller at the time of the initial purchase as well as any investment updates to ensure that the buyer can conduct his or her own due diligence. Access to a particular investment structure will be made available to you which includes “updates” and “discussions” sections on the Platform where you review information from, the issuers or other investors. The information provided by Parvis to buyers on the Secondary Market is on the Secondary Market webpage, and buyers should obtain sufficient other information before making decisions to buy Shares.  Parvis takes no responsibility for any other information you obtain to make your decision to buy Shares on the Secondary Market, from the relevant issuer or developer’s website, in social media profiles, news articles, third party providers or elsewhere.  This includes information made available through the Platform by other users. Parvis does not accept liability for any claims, losses, or damages you suffer as a result of not undertaking your own reasonable due diligence.

b) No Exempt Market Dealer: Exempt Market Dealers (“EMD”) are registered securities dealers in the business of distributing prospectus exempt securities to qualified investors. It is possible that Parvis Investment Services Inc., an affiliate of Parvis that is licensed as an EMD in Canada, has acted as an EMD for the seller in the context of an initial trade on our primary market. The Parvis Secondary Market matches buyers and sellers of private investments, including real estate investments. Parvis does not act as an EMD in its Secondary Market. It is up to you to determine if the contemplated purchase is suitable for you as Parvis does not make investment recommendations in the Secondary Market.  

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7. Valuation

Parvis does not set the price of transactions on its Secondary Market. The price per Share on the Secondary Market is set by those placing sell orders. When a seller determines the sell price, it may be informed by, among other things, independent third-party valuations for the asset, recent property transactions in the local market, changes in leasing activity for the asset and current supply and demand for investment.  

Sellers must set a price per share or unit that they are willing to dispose of their Shares for, that is within the sell price range (“Valuation Limit”). The sell price is set by the seller at their discretion within this range. Parvis may change the specified range of an acceptable sell price at any time at our discretion. However, sellers have the ability to sell their Shares at a specified discount or premium (+/- 20%) to the initial transaction price for their respective investment.  

Example: If the initial share or unit price was $100.00 when initially purchased and the Valuation Limit is fixed at 20%, then you could submit buy or sell orders for the Shares or units in the range of $80.00 to $120.00.

You may not sell fractional Shares. Additionally, only full liquidation of your position is allowed at the outset i.e. no partial sales. All Parvis qualified investors are able to buy Shares on the Secondary Market, subject to any restrictions set out in these Secondary Market Terms & Conditions.

8. Our Secondary Market Fees

We currently charge no fees for purchase orders on the Secondary Market. We only charge a fee for successful transactions. We will only charge a fee for the units or Shares that you sell. We currently charge a fee of 2% of the total value of any completed Sell Order on the Secondary Market. We will deduct this fee from the funds used to settle the transaction, prior to depositing settlement funds into your account.

Example: If you sell 1,500 Shares at a price of $100 for a total transaction of $150,000 the Parvis fee will be $3,000 and $147,000 will be deposited into your account. 

9. Personal Data

This paragraph supplements the terms of our Privacy Policy. In order for you to trade Shares on the Parvis Secondary Market, we may be required to share certain of your personal data (name, address, email address and account number) with the other party to the trade.

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10. Tax

Trades on the Secondary Market may result in a change to your tax position, which may include but not be limited to capital gains tax. Tax treatment depends on individual circumstances and may change in future. If you are buying Shares on the Secondary Market, you may not be able to claim certain tax relief in respect of those Shares or units and we shall bear no responsibility whatsoever in respect of any tax repercussion as a result of a transaction.

Tax treatment of your investment may affect the investment rate of return (“IRR”). The non-tax adjusted IRR figure does not take into consideration any tax reliefs or liabilities that may be associated with an investment. Parvis does not provide tax advice of any kind. If you have any questions with respect to tax matters relevant to your interactions with Parvis, you should consult a professional adviser.

11. Liability

Nothing in these Terms & Conditions shall limit our liability for personal injury or death, fraud or any other liability the exclusion or limitation of which is not permitted by applicable law or regulation. We will not be liable to you for any indirect, consequential, special or punitive loss, damage, cost or expense, unforeseeable losses or damages, loss of profit, loss of business, or loss of reputation. To the extent permitted by law, under no circumstances will our total liability of any kind arising out of or related to these Terms & Conditions, regardless of whether any action or claim is based on contract, tort, or otherwise, exceed the total amount of fees you pay to us with respect to the relevant transaction pursuant to these Terms & Conditions.

12. Severability

In the event that any of these provisions are found to be unlawful, invalid or otherwise unenforceable, that provision is to be deemed severed from these Secondary Market Terms & Conditions and shall not affect the validity and enforceability of the remaining Secondary Market Terms & Conditions.

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13. No Waiver

In the event that either you or we fail to exercise any right or remedy contained in these Secondary Market Terms & Conditions, that does not mean you or we (as applicable) have waived that right or remedy and so shall not be construed as a waiver.

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14. Communications

If you wish to communicate with us about anything related to these Secondary Market Terms & Conditions, you may do so by sending an email to transactions@parvisinvest.com.

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15. Revisions

From time to time we may update these Secondary Market Terms & Conditions to take account of changes in the law or for any other reason. If we update these Secondary Market Terms & Conditions, we will post a new version on the Platform, and as soon as you use the Secondary Market after they are posted, you will be deemed to have agreed to the updated version, but you will still be bound by the terms of any previous versions to which you have agreed or been deemed to agree. If there is a conflict between two versions of the Secondary Market Terms & Conditions to which you have agreed or been deemed to agree, the more recent version shall take precedence unless it is expressly stated otherwise.

16.   Jurisdiction

These Terms & Conditions, and the relationship between you and Parvis created by it, shall be governed by and construed in accordance with the laws applicable in the Province of British Columbia and the laws of Canada applicable therein. You agree to submit to the exclusive jurisdiction of the courts of Vancouver, British Columbia.  

17.   Compliance with laws

As a condition of your access to or continued use of the Secondary Market or the Platform, we will require you or any person connected to you (such connection determined by us at our discretion) to answer, provide or otherwise confirm the truth and accuracy of any information or document we may request, at our discretion, for the purpose of our compliance with any law, including without limitation, the Proceeds of Crime (Money Laundering and Terrorist Financing Act. We may, at our discretion, immediately and indefinitely refuse your access to the Secondary Market or the Platform, without prior notice, if we have reason to believe that any communication, information or document you or any person connected to you has provided or procured the provision of, is not materially true or accurate or is no longer materially true or accurate.

18. Important Disclosures

The Secondary Market portion of the Parvis Platform is managed by Parvis Investment Services Inc., an affiliate of Parvis Invest Inc, that is authorised and regulated as an EMD in all Canadian provinces. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. Any investment decision should be made on the basis of the full document review.  Further, nothing on this Platform shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful.

Private Securities: Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Private Securities are high-risk and illiquid investments. No securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through us. Please refer to the investment opportunity and memorandum for additional information, disclosures, and a more detailed explanation of expenses and risks. Interests are being offered only to persons who are qualified investors under the Securities Act. Any securities offering is private, and you may be required to verify your status to participate.The Parvis Secondary Market matches buyers and sellers of private investments, including real estate investments. Parvis does not act as an EMD in its Secondary Market. It is up to you to determine if the contemplated purchase is suitable for you as Parvis does not make investment recommendations in the Secondary Market.  

Not Advice: Parvis does not make investment recommendations to you. No communications from Parvis, through this Platform or any other medium, should be construed as an investment recommendation. This communication is not to be construed as investment, tax, or legal advice in relation to the relevant subject matter; investors must seek their own legal or other professional advice before making any investment to determine whether an investment is suitable for them.

Performance Not Guaranteed: Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are not guaranteed and may not reflect actual future performance.

Risk of Loss:  All investments involve a high degree of risk and may result in partial or total loss of your investment.

Liquidity Not Guaranteed: Investments offered by Parvis are illiquid and there is never any guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved.

Not a Public Exchange: The Parvis Secondary Market is NOT a stock exchange or public securities exchange, there is no guarantee of liquidity and no guarantee that the Parvis Secondary Market will continue to operate or remain available to investors. Shares sold and purchased on the Parvis Secondary Market are not considered securities being considered to be traded on a “public market” for the purposes of the Income Tax Act (Canada). Please consult your tax advisor. 

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‍Standards of conduct

At Parvis, we’ve adopted policies and procedures identifying the professional and ethical standards with which our employees or representatives (“Representatives”) must comply with. Representatives are to always conduct themselves in a manner that serves the best interest of our clients and maintains the good reputation of Parvis. Representatives must be honest and candid when advising clients. Our Policies and Procedures Manual as well as this Conflict of Interest Policy (“Policy”) and our Relationship Disclosure Document set out how Parvis requires its Representatives to observe and comply with standards of conduct. This Policy includes Parvis’ commitment, among other things, to fair dealings with clients, disclosing material conflicts of interest, maintaining independence and objectivity, and placing clients’ interests before our own.

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1. General

The obligation to identify and to appropriately respond to conflicts of interest is one of the most fundamental obligations of a registered firm and registered individuals under Canadian securities legislation. Parvis is a real estate investment company and a securities dealer registered as an Exempt Market Dealer (“EMD”) in each of the Canadian provinces. As such, Parvis has measures in place to identify conflicts that may arise between itself and its clients while providing its services or conducting its activities.

This Policy aims to ensure that Parvis and its Dealing Representatives put client interest first when making investment recommendations. It is provided to Parvis clients to ensure transparency and reasonably foreseeability regarding potential material conflicts of interest that may affect your interests as a client of Parvis. This Policy will also be provided to all new clients during account opening on the Parvis Platform at www.parvisinvest.com.   

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2.Purpose

The purpose of this Policy, and its related procedures, is to ensure compliance with Part 13, Division 2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, and S.6 of the Parvis Policies & Procedures Manual. It is based on the fundamental concept that Parvis and its Dealing Representatives should put client interests first when making investment recommendations. To do so, Parvis has implemented this Policy, related procedures, and controls to address material conflicts of interest in the best interests of our clients. 

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3. Conflict of Interest 

Situation that may be considered to give rise to a conflict of interest, and consider a “conflict of interest” are any circumstance in which: 

1. the interests of different parties, such as the interests of a client and those of Parvis (or its Dealing Representative), are inconsistent or divergent;  
2. Parvis (or its Dealing Representative) may be influenced to put their interests ahead of the client’s interests; or iii) monetary or non-monetary benefits available to Parvis (or its Dealing Representative), or potential detriments to which Parvis (or its Dealing Representative) may be subject, may compromise the trust that a reasonable client has in their EMD. 

Parvis reasonable steps to identify and respond to each potential and actual material conflict of interest, determine the level of risk that a conflict of interest raises and respond appropriately to conflicts of interest.  A conflict of interest, could be expected to arise between and among:  

1. Parvis, including each individual acting on Parvis’ behalf, and an investor; 
2. Parvis, including each individual acting on Parvis’ behalf, and an issuer; 
3. issuers and/or investors in the issuers; and
4. within Parvis and  with other entities. 

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4. Procedures 

Parvis must address all material conflicts of interest between a client and itself, including the individuals acting on its behalf, in the best interest of their clients and must avoid any material conflicts of interest, if the conflict is not or cannot be, otherwise addressed in the best interest of such clients. When a material conflict of interest is identified, Parvis including the individuals acting on its behalf, shall address such conflicts through various policies and procedures and follow the following principles:  

1. Act in the client’s best interest in any financial transaction. 
2. Identify existing or potential material conflicts of interest between a client and Parvis or its Dealing Representative. 
3. If a Dealing Representative finds a material conflict of interest, they are required to address it in the client’s best interest and disclose it to the client in a timely manner. 
4. If Dealing Representatives cannot address a conflict in the client’s best interest, they are required to avoid it. 

Parvis or its Dealing Representative must not engage in any trading or advising activity in connection with a material conflict of interest identified unless the conflict has been addressed in the best interest of the client and Parvis has given its consent to proceed with the activity.  Parvis typically follows a three-pronged procedure to deal with conflicts of interest are: 

• Avoidance: Parvis will first determine if it should avoid the conflict of interest because it is sufficiently contrary to the best interests of a client, it is prohibited by law, or if there can be no other reasonable response to the conflict. Parvis’ policy is to avoid any material conflicts of interest between a client and the registrant if the conflict cannot be otherwise sufficiently addressed in the best interest of the client or until such time that Parvis has fully implemented sufficient controls to address the conflict in favour of the client.

• Control: If Parvis does not avoid the conflict of interest, it will consider what internal structures or policies and procedures it should have to reasonably address the conflict.  For example, Parvis may assign a different representative to provide a service to a particular client, create a committee to review, develop or approve a response to the conflict, monitor activity or use information walls for certain communication. Parvis will consider whether effective disclosure of material conflicts of interest is being provided to clients and determine what, if any, additional controls are required to sufficiently address the conflict.

• Disclosure:  Should Parvis not be able to avoid the conflict of interest, it must consider if it is required to disclose the conflict. Parvis will consider the appropriate timing and method of disclosing the conflict.  Parvis will then provide prior written disclosure of a conflict to the affected issuers that are promoted on the Parvis Platform and to investors in such issuers when there is a reasonable likelihood that the investor would consider the conflict important when entering into a transaction.  The disclosure will be prominent, specific, clear and meaningful to the client and explain the nature and extent of the conflict of interest, the potential impact on and risk that the conflict of interest could pose to the client and how the conflict of interest has been or will be addressed. Parvis will provide affected clients with written disclosure of all material conflicts of interest prior to or when a transaction is recommended, if applicable, or in a timely manner if the conflict is identified at a later date, if a reasonable person would expect to be informed of such conflicts. 

Parvis’s Chief Compliance Officer will consult the applicable regulations and will determine the steps taken by Parvis regarding methods of controlling conflicts of interest, timing of disclosure and determining when disclosure is appropriate. 

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5. Compensation Practices 

Parvis Representatives’ compensation involves commissions based on sales volume, fund retention periods, and achievements. In addition, executive compensation may be tied to the firm’s overall sales or revenue generation or to the Representatives they supervise. Parvis Representatives and supervisory staff may be perceived to be financially motivated to make recommendations that provide them better compensation. To address this conflict by having policies and procedures on compensation practices, and providing training to our representatives on their obligations to act fairly, honestly, and in good faith, and to resolve all material conflicts of interest in your best interest.  We also conduct a suitability assessment for each trade that we recommend to our clients. 

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6. Outside Activities 

Parvis  representatives may, at times, participate in outside activities such as serving on a board of directors, participating in community events, pursuing personal outside interests, or selling insurance products at other financial institutions. The outside activity may raise a perception that our Representatives favour their own interests over those of our clients. We address this conflict by adopting policies and procedures that require our Representatives to notify us of any proposed outside activity prior to engaging in the activity. Representatives cannot engage in outside activity unless it has been approved and determined that it can be resolved in the best interest of our clients. 

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7. Personal Trading & Non-Public Information

As an affiliate of a public company, Parvis has internal guidelines to control transactions involving its securities by its directors, officers, employees and consultants to ensure they are aware of and comply with their legal obligations and Parvis policies with respect to insider trading. Parvis may be privy to certain confidential or material non-public information which we are prohibited by securities law from using for the benefit of Parvis or its clients.  Parvis has adopted the Insider Trading, Blackout Period and Disclosure Policy for this purpose. 

Also, our representatives may invest in our funds, which may create an appearance or actual conflict of interest that the Representative may benefit from opportunities at the expense of our clients or the funds. We address this conflict by policies and procedures, including our Policies and Procedures Manual that are designed to ensure that our Representatives act in accordance with applicable laws and that they do not engage in personal securities transactions that are prohibited, such as insider trading. Parvis also has internal information barriers designed to ensure that confidential or undisclosed material information is not shared outside certain areas. Our policies also require that Representatives put client interests ahead of their own personal self-interests.

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8. Investment in Related and Connected Issuers

The only investment fund securities sold by Parvis are securities of the Parvis Direct Access Trust and the Parvis Direct Access Limited Partnership (“Parvis Funds”), each of which are a related/connected issuer for purposes of National Instrument 33-105, Underwriting Conflicts, as each Parvis Fund is managed by Parvis.  Parvis receives a management fee for its services as manager of the Parvis Funds.  Parvis’ relationship with the Parvis Funds may cause Parvis to perform due diligence on the products that it offers with a less independent view. We may also be considered to have an added incentive to sell the securities of the Parvis Funds, including that the judgment of our Representatives, management and supervisory staff may be affected by this relationship. While we do have policies and procedures in place to assess a purchase as suitable for a client, a client may wish to get independent advice from a trusted professional before you consider purchasing securities of Parvis Funds through Parvis. 

Listing of “related or connected issuer” products offered by us which are offered to permitted clients as defined in NI 31-103 and accredited investors as defined in NI 45-106 by way of an offering memorandum and subscription document include:

• Parvis Direct Access Trust
• Parvis Direct Access LP

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9. Gifts, Entertainment, and Purchasing Services or Assets from Clients

Parvis and its Representatives may be offered, or receive, gifts or entertainment, or purchase services or assets from clients, which may create an appearance that the activity influenced our decisions or recommendations. We address this conflict by implementing policies and procedures on these activities, which includes a requirement that representatives report such activities to our compliance department.

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10. Marketing & Promotion 

The use of social media websites creates the potential for compliance and supervisor challenges for Parvis. Our Policy and Procedures Manual, along with our platform Terms and Conditions  establishes standards of business conduct related to Representative use of marketing or social media. The use by a Representative of any personal or unauthorized social media web sites, chat rooms or social blogs on any device for the purpose of promoting, marketing or advertising Parvis  services is strictly prohibited. While Parvis maintains a social media presence that includes our website and company managed social media accounts, content management of these social media accounts is restricted to authorized Representatives, with all content reviewed before posting.

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11. Changes  

We may change this Conflicts of Interest Policy from time to time. For example, we may later consider we have another material conflict that we have not previously disclosed to you, or we may change how we address the conflict in your best interest. You can obtain the current version of this Policy at any time by logging into your account at www.parvisinvest.com.

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About Parvis

Parvis is a technology-driven real estate investing platform. Focused on supporting capital raising efforts by issuers and broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis Investment Services Inc., a wholly owned subsidiary of Parvis, is registered as an Exempt Market Dealer in all Canadian Provinces. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna and Montreal. Additional information about Parvis is available at www.parvisinvest.com and on SEDAR at www.sedar.com.

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For further information, please contact:

David Michaud, Founder & CEO, Parvis Invest Inc.  

david@parvisinvest.com

844.487.4866

CONTEST

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OFFICIAL RULES AND REGULATIONS

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(the “Rules”)

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1. The Parvis Invest contest (the “ Contest ”) starts at 7:00 a.m. on 27 September, 2024 and closes at 11.59 p.m. on 29 September, 2024, based on Eastern Standard Time (NYC/Toronto)  (the “ Contest Period ”). No purchase necessary. Void where prohibited. The Contest will be administered by Parvis Invest Inc. (The “Company”).

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2. To enter and to be eligible to win, entrants must be a legal resident of Canada and have reached the age of majority in their place of residence. 

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Employees of Parvis, its agents, parent, affiliated or related companies, subsidiaries, divisions, prize sponsors, promotional and advertising agencies or of any other entity involved in the development, production, administration, or fulfillment of the Contest, as well as the parents, siblings and children of any such employees and any person domiciled with such employees, are ineligible to enter. 

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3. HOW TO ENTER THE CONTEST:  During the Contest Period, complete the contest entry form (the “Form”).  Click on the Contest Link or use the QR code and complete and submit your entry by following the instructions found on the Form. All entries must be submitted during the Contest Period. If you fully complete and submit your entry during the Contest Period, you will receive one (1) entry into the Contest. Entries must include your name, postal code, email address and ten-digit telephone number. Limit of one (1) Entry per individual.

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Entry to the contest and completing the Form allows Parvis to contact you about future investment opportunities over phone, email and SMS. You may opt out of receiving further communications at any time.

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PRIZES. There is one prize, a $200 Air Canada gift certificate. 

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The prizes must be accepted as awarded. The prizes may not be sold or transferred. The prize will be delivered by email.

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4.The winner accepts the Prize as offered and releases the Company from any and all liability of any kind arising out of the potential winner's participation in this Contest and receipt and use of the Prize. In the event that a potential winner does not comply with all the provisions as contemplated in these Rules,the Company shall have the right to disqualify the potential winner, and draw an alternate potential winner, and the Company shall be fully and completely released and discharged from any liability or responsibility in this regard.

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5. By entering this Contest, the entrants and participants automatically agree to accept and abide by these Rules. All decisions with respect to any aspect of this Contest, including without limitation the eligibility of Entries, are final and binding on all entrants in all matters as they relate to this Contest. 

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6. All Entries become property of Parvis who assumes no responsibility for garbled, lost, late, delayed, destroyed or misdirected Entries, mail, voice messages, e-mail or any computer errors or malfunctions . The sole determinant of the time for the purposes of this Contest will be the Contest server machine(s) and related-timekeeping systems of the company. No correspondence will be entered into except with incoming requesting Rules by mail or requesting the names of the Prize winners (for which a self-addressed, postage paid envelope must be included). Parvis does not assume any responsibility for incorrect or inaccurate capture of entry information, technical malfunctions, human or technical error, seeding or printing errors, lost, delayed or garbled data or transmissions, omission, interruption, deletion, defect or failures of any telephone or computer line or network, computer equipment, software or any combination thereof. Entry materials or data that have been tampered with or altered are void. If for any reason, in the opinion of the company, in its sole discretion, the Contest is not capable of running as originally planned, or if the administration, security, fairness, integrity or the proper conduct of the Contest is corrupted or adversely affected, including by reason of infection by computer virus, bugs,tampering, unauthorized intervention, fraud, technical failures or any other causes beyond its control, the company reserves the right (subject only to the consent of the Régie des alcools, des courses et des jeux) to cancel, terminate, modify, amend, extend or suspend the Contest, and select a winner from previously received eligible Entries. Contest Sponsor reserves its right (subject only to the consent of the Régie des alcools, des courses et des jeux) to modify the Rules without materially affecting the terms and conditions hereof. The company reserves its right in its sole discretion to disqualify any individual it finds to be tampering with the entry process or the operation of the Contest or to be acting in violation of the Rules or otherwise in a disruptive manner. Any attempts to deliberately damage the Contest website or to undermine the legitimate operation of this Contest is a violation of criminal and civil laws and should such an attempt be made the company reserves its right to seek remedies and damages to the fullest extent of the law . The company shall not be held responsible for any errors or negligence that may arise or occur in connection with the Contest including any damage to an entrant's computer equipment, system, software or any combination thereof, as a result of their participation in this Contest or from downloading any material from the Contest website. 

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7. For Quebec residents, any litigation respecting the conduct or organization of this Contest may be submitted to the Régie des alcools, des courses et des jeux du Québec for a ruling. Any litigation respecting the awarding of a prize may be submitted to the Régie only for the purpose of helping the parties reach a settlement.

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8.Contest is subject to all applicable federal, provincial and municipal laws and regulations.  By entering this Contest each entrant consents to the collection, use and distribution of their personal information (information that identifies an entrant as an individual, such as phone number, email, name) by the company for the purposes of implementing, administering and fulfilling this Contest. Contest Sponsor will not sell or transmit this information to third parties except for the purposes of administering this Contest. By entering the Contest, entrants consent to the manner of collection, use and disclosure of personal information as set out in the company’s Privacy Policy, which is available at  https://www.parvisinvest.com/legal/privacy-and-cookies. Any inquiry concerning the personal information held by the company should be addressed to Parvis Invest Inc. at 410 W Georgia St. 3rd Floor Vancouver, BC  V6B 1Z3.

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9.In the event of any discrepancy or inconsistency between the terms and conditions of the Rules and disclosures or other statements contained in any Contest related materials, including but not limited to the Contest entry form, or point of sale, television, print or online advertising, the terms and conditions of the Rules shall prevail, govern and control. In the event of any discrepancy or inconsistency between the English and French version of the Rules, the English version shall prevail.

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10. All intellectual property, including but not limited to trade-marks, trade-names, logos, designs, promotional materials, web pages, source codes, drawings, illustrations, slogans and representations are owned by the company and/or its affiliates. All rights are reserved. Unauthorised copying or use of any copyrighted material or intellectual property without the express written consent of its owner is strictly prohibited.

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Limitation of liability

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The information or data contained on this website (“Site”)are provided exclusively for information purposes and must not be taken to be comprehensive advice that applies to your financial situation or as specific advice of a financial, legal, accounting, tax or investment nature. Please consult your personal financial advisor with regard to your financial position.

The information contained on this Site is reputed to be accurate and reliable at the time of publication on the site; however, we cannot guarantee that it will remain accurate, reliable, complete or up-to-date. This information may be modified. We assume no responsibility for any losses incurred due to the use of this Site or to the unavailability of this Site. Unless noted to the contrary, the information is not verified and is provided “as is.” We make no claims that this Site will not experience interruptions or be free of errors, that such flaws will be corrected, that the site or the server that hosts it is free of viruses or other harmful elements.

You agree that in no event will Parvis or any related entities or their respective trustees, partners, shareholders, directors, officers, employees, agents or other representatives (collectively “Parvis Representatives”) have any responsibility or liability in connection with this Site, the content, or the investments offered on this Site for any losses or damages whatsoever, whether based on contract, tort or other legal or equitable basis, including without limitation direct, indirect, special, punitive, exemplary or consequential damages (including without limitation damages for harm to business, loss of information or data, loss of profit, loss of savings or revenue, loss of goodwill or other economic loss) arising from or in connection with or relating to the use of or access to, or any inconvenience, delay or loss of use of or access to, this Site, its content, the investments or any content of any linked website, or failure of such websites, even if Parvis or any Parvis Representatives have been advised of the possibility of such damage or loss or if such damage or loss was foreseeable.

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Security

Sections of this Site are protected and may not be used except with an identification number and password. You are solely responsible for the security of your identification number and password to ensure that no one uses them without your permission. You are responsible for any fraud or liability arising from the use of your identification number and your password. Parvis is not obliged to confirm the identity or right to use of any person whatsoever who uses your identification number and your password. Please contact us as soon as possible if you discover that your identification number and your password have been stolen or fraudulently used.

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Copyright

All information contained on this Site of Parvis is protected by applicable copyright laws. It is prohibited to copy, distribute, modify, post or use any text, image, video clip, program code or user interface design or logo. Any unauthorized use or reproduction of these brands and names is strictly prohibited. Parvis will remove infringing materials in accordance with applicable legislation if properly notified that content infringes copyright. If you believe that your work has been copied in a way that constitutes copyright infringement, please notify Parvis in writing.

Users of this Site may be permitted to create, submit, or share certain information through this Site (“Posts”).

• By posting, uploading, or sharing any Post, you grant us a non-exclusive, sub-licensable, royalty-free, worldwide, and perpetual license to access, use, host, store, reproduce, modify, create derivative works, communicate, transmit, publish, publicly perform, publicly display and distribute your Post in our sole discretion. This licence continues even if you stop using the Site.
• In submitting any Posts, you agree that you are solely responsible for your Posts, and that you will comply with all laws that apply or may apply to your use of or activities on this Site. Parvis may investigate occurrences which may involve violations of such laws and co-operate with law enforcement authorities in prosecuting users who are involved in such violations. You also agree not to post any Posts that are illegal or otherwise are in breach of these Terms, including where the Posts disclose any private or Personal Information about any person without that person's permission; or infringe the intellectual property rights of any person.
• Comments or opinions expressed in each Post are those of their respective contributors, and do not represent the views of Parvis. Parvis has no obligation to screen or censor any of the Posts, although Parvis reserves the right to do so from time to time. As a result, Parvis has no control over, and disclaims any responsibility and liability for, the content, truth, accuracy, or completeness of any Post, or the quality, safety or legality of the subject of the Post. Each person making a Post is solely responsible for the form, content and accuracy of such Post.
• Because user authentication on the Internet is difficult, Parvis cannot and does not confirm that each user is who they claim to be. As a result, you acknowledge there may be, and you assume all, risks associated with dealing with other users with whom you come in contact through this Site and Service.

Hypertext links

Reference on this Site to the products or services of third parties does not signify that Parvis endorses or approves such products or services and is provided only for convenience. Parvis neither endorses nor approves links to other websites, third parties, or their products or services, and is not responsible for any incompatibility, inconvenience, contamination by computer viruses or worms, Trojan horses or any other destructive agent originating from these sites. Linking to other sites is at your own risk and Parvis will not be held liable for any damage caused by such links.

If you link to this Site to another website, you agree that the other website shall not (a) alter the visual presentation of this Site; (b) imply that Parvis is endorsing you or any other person, or your or such other person's products or services; (c) imply an affiliation between you or any other person, or your or such other person's products or services, and Parvis without our prior written consent; (d) misrepresent the relationship of you or any other person with Parvis or present false, misleading or otherwise damaging information about Parvis or any of its products or services; or (e) contain materials that may be illegal or interpreted as distasteful, harmful, offensive, or inaccurate.

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General waiver of responsibility

The returns shown are overall annual historic yields and past results do not guarantee results in the future. The information presented consists of projections and forecasts based upon information, including forward-looking assumptions and estimates of what might be achieved, that was provided to Parvis by the issuer(s) without any assurance whatsoever as to their attainability. There can be no assurance whatsoever that these projections and forecasts will be achieved, and information and projections may change without notice.

No investment offered on this Site is secured by any collateral or guaranteed or insured by any third party unless expressly stated and agreed otherwise. No securities regulatory authority has approved or expressed an opinion about any of the securities offered on the Parvis Site. The Investor may lose some or all of his or her investments in any of the securities because securities offered on this Site are risky and speculative.

The information contained in this site is subject to change without notice and Parvis cannot be held responsible for any inaccuracies in the information provided. The information contained on this Site does not constitute specific advice of a financial, legal, accounting, tax or investment nature. Please consult your personal advisor before making any investment decisions.

You are advised that accessing or using this Site from locations where its contents are illegal is prohibited. If you access this Site from locations other than Canada or the United States, then you do so on your own initiative and you are solely responsible for compliance with all applicable laws, including securities laws and regulations, and intellectual property laws of other countries.

You acknowledge and agree that this Site (including without limitation the content or information provided in respect of the Investments) are provided on an “as is” and “as available” basis and that any use of or reliance on this Site shall be at your sole risk.

The content is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. We are not liable or responsible for any reliance placed on such information by you or anyone who you may inform of any of its contents.

Parvis and its affiliates do not make any, and expressly disclaim all, representations, warranties, covenants and conditions, express or implied, by operation of law or otherwise, including without limitation any implied warranties and conditions of merchantable quality, or fitness for any particular purpose, or non-infringement, or those arising out of course of performance, course of dealing or usage of trade with respect to this Site (which includes the content of all documentation related to the Investments). For greater certainly, Parvis does not warrant that this Site will a) meet your requirements, b) be compatible with your computer or mobile devise or any related equipment, c) be reliable, accurate, authentic, current or complete, d) continue to operate, e) operate without interruptions, or f) be free of any errors.

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Relationship Disclosure Information

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Purpose Of This Document

This Relationship Disclosure Document contains important information concerning our relationship with you as a client (“Client” or “you”). It contains information about us, the services that Parvis Investment Services Inc. (“Parvis”, “we”, “us” or “our”) provides, risks associated with the non-brokered private placements (prospectus-exempt) you might purchase (“Investment Offering”) from third parties that rely on our services to market and distribute their Investment Offerings (“Issuer Client’’). It also contains information on how Parvis, with the assistance of Parvis Invest Inc., provides an investment Platform and liquidity of investments via its secondary market. Parvis is able to provide a description of your account, how it operates, the fees associated with transactions, and how we assess the suitability of a potential investment. We provide quarterly account statements, our policy on conflicts of interest, complaint handling procedures, privacy policy, and a checklist of documents that will be provided to you prior to an order. Parvis’s officers, directors, agents and employees must respect all applicable laws and regulations.

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Delivery Of This Document

Securities legislation in Canada requires that Parvis delivers to each Client disclosure document(s) which describes the nature of Parvis’ relationship with you, including the products and services that Parvis offers and informs you of conflicts of interest that may arise between you and Parvis. Our Relationship Disclosure Information and other disclosures are accessible from our website and platform. If there is a material change to the information contained in this document, we will notify clients of the updated document.

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Information About Parvis

Parvis Investment Services Inc. is a wholly owned subsidiary of Parvis Invest Inc. The common shares of Parvis Invest Inc. are listed on the TSX Venture Exchange (“TSX-V”) under the symbol “PVIS”.  Parvis Investment Services Inc. is a dealer in the category of Exempt Market Dealer (“EMD”). Parvis Investment Services Inc. is currently registered in all Canadian Provinces with the British Columbia Securities Commission (“BCSC”) acting as its principal regulator.

Parvis provides its clients access to an online real estate investing platform that enables its users to invest in real estate projects and other investment products (the “Platform”). It utilizes best in class  technologies to offer an intuitive portal enabling individuals to onboard and invest seamlessly.

Parvis is an EMD for securities offerings (including tokenized securities offerings) and, as an EMD, can buy and/or sell securities on an exempt basis for qualified investors (e.g., permitted clients and/or accredited investors, and eligible investors) that are our clients. 

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Disclosures

As a securities registrant, Parvis is obligated to make certain disclosures to its Clients when purchasing securities through Parvis or are referred to Issuers or other dealers by Parvis, leading to the purchase of securities. Such disclosures are provided to Clients so that they may understand the nature of their relationship with Parvis and are advised of significant matters regarding their trading and investment activities via Parvis. Also, Parvis is required to make certain other disclosures under provincial and federal laws such as privacy legislation, to make Clients aware of our policy to ensure compliance with the requirements of the legislation. Required disclosures will be made to you via email or our platform, as required.

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Products And Services

Parvis is an online platform that facilitates direct investments made by accredited and eligible investors (and other exempt market participants) into real estate projects sponsored by real estate developers, investors, and owners. It also offers various ancillary investment products to accredited and eligible investors. We sell securities (which can be tokenized) of related, unrelated or connected issuers who are investors in the real estate market to individuals and corporations that can rely on an exemption provided under National Instrument 45-106 – Prospectus and Registration Exemptions, or other available exemptions, if applicable. 

Parvis typically offers securities in real estate investments (the “Parvis Real Estate Funds”) where you can opt to invest directly in a particular real estate property. Clients should consult the offering documentation before making an investment decision.

If you open an account with us, we can act as your dealer when you want to buy and/or sell exempt securities from time to time, typically on a private placement basis, provided you are a qualified investor (e.g., a permitted client and/or an accredited investor, or eligible investor). We would be happy to discuss with you whether or not you are a qualified investor.

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Your Relationship With Parvis

Parvis acts as an intermediary broker for Issuer Clients and you. However, Parvis, its registered representatives or its employees, may take an ownership interest in any financing that it facilitates other than the broker warrants that it may receive as commission. Parvis may syndicate its offerings to other registered dealers who are either Exempt Market Dealers or Investment Dealers. Parvis may also participate in syndications of other firms. Parvis is required to ensure such referrals are suitable based on the financial and other information it has collected in your New Account Application Form. Parvis does not purport to provide advice or guidance on its Clients’ general financial needs or circumstances. Client accounts are opened solely for the purpose of transacting in issuer offerings. A negotiated commission fee can be paid to Parvis by an Issuer Client upon completing a financing transaction. Parvis is also entitled to be paid by the Issuer Client certain performance fees and other cash and non-cash considerations as disclosed and outlined in a term sheet included with an Issuer Client’s subscription agreement. Parvis does not provide trading accounts for any of its Investor Clients, nor does Parvis make recommendations when to sell securities. Our registered representatives can explain this process to you, the investment risks, and help determine whether any investments are appropriate for you.

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Our Reporting To You

Parvis is an online platform that uses secure technology to enable your investments and our reporting to you. Our platform maintains a permanent ledger of the current and historical state of each investor transaction. By logging into your account, you have real time access to all activities in your account. We deliver electronic copies to each of our clients via our platform for following:

— Confirmations of an investment: Parvis will provide confirmations of security purchases to its Clients that a reasonable investor would consider important about the relationship with Parvis as required by regulation (National Instrument 31-103). Please review your investment purchase confirmation upon reception.

— Account statement: As an EMD, we are required to send an account statement per transaction with the transactional information that describes the price per security and the total value of the transaction as required by regulation (National Instrument 31-103). Every confirmation, statement or other communication sent by Parvis shall be deemed to have been acknowledged as correct by you unless we have received written notice to the contrary within 25 days from sending.

— Document Execution: As an online platform, Parvis uses various softwares to help our Clients to securely and in a seamless manner, complete all investment steps, including contract execution and transfer of funds. All investment steps are completed digitally, with best-in-class technology, to ensure a seamless customer experience.

— Transfer of Funds: Clients will be prompted to invest in the limited partnerships of Investment Offerings by transferring funds to its segregated bank account. Cash fund transfers are in effect automatically through the Parvis platform while registered fund transfers are in effect through a third party and requires processing. Note that in most cases Parvis will not have an ongoing relationship with you as a Client post-closing of a purchase and sale transaction given that Parvis does not hold any securities and as such will not provide a quarterly statement or any other reporting to you as Client post-closing of a purchase and sale transaction. 

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Liquidity Risks

Liquidity refers to the speed and ease with which an asset may be sold and converted into cash. Most of the securities distributed to you by Parvis may not be sold easily at a fair price and thus represent investments which are relatively illiquid. Most securities may not be liquid because of legal restrictions, the nature of the investment or certain characteristics of the security. The lack of purchasers interested in a given security or market could also explain why a security may be less liquid. To help mitigate the risk of liquidity, Parvis provides access to its Secondary Market to qualified investors. However, if investors want to liquidate assets quickly, there is a risk the proceeds realized from such sale would be less than the fair market value of the assets or less than what could be expected to be realized under normal circumstances. That said, there is no guarantee that investors on the Parvis Platform will be able to sell their investments or otherwise gain liquidity through the secondary market on the Parvis Platform or otherwise. The difficulty of selling illiquid securities may result in a loss or a reduced return for a portfolio.

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Privacy Policy

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The purpose of this Privacy Policy is to inform you about the types of Personal Information that Parvis Invest Inc. (“Parvis,” “we,” or “us”) collects, uses and discloses in connection with the Parvisinvest.com website and the Parvis service (collectively, the “Site”). It explains how we use and disclose that information, the choices you have regarding such use and disclosure, and how you may correct that information. By accessing the Site, you agree to the terms of this Privacy Policy.

We are committed to your privacy, by complying with the applicable privacy laws and regulations in Canada.From time to time, we may make changes to this Privacy Statement. The Privacy Statement is current as of the “last update” date which appears at the top of this page. We will treat Personal Information in a manner consistent with the Privacy Statement under which it was collected, unless we have your consent to treat it differently. This Privacy Statement applies to any information we collect or receive about you, from any source.This Privacy Statement applies only to the collections, uses and disclosures of Personal Information by Parvis and not to other web sites that we have linked to the Site.

Parvis needs to collect Personal Information from our clients and prospective clients in order to properly fulfill its duties. Understanding a client’s needs and wants, financial position and family issues helps ensure that investment recommendations are suitable (when applicable) and that Parvis can offer, provide and enhance its Services to meet client needs. Parvis is committed to protecting the confidentiality of Personal Information in its possession.

“Personal Information” is any information that is identifiable with you. This information may include but is not limited to your name, mailing address, phone number, email address, birthday, age, address, social insurance number, educational and/or employment history, banking information, investment objectives, and investment experience. Personal Information, however, does not include your name, business title or business address and business telephone number in your capacity as an employee of an organization.

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Parvis is committed to protecting Personal Information

Personal Information provided to Parvis is protected against loss, theft, unauthorized access, use, disclosure, copying, or modification by safeguards appropriate for sensitive information. Personal Information is retained in a designated secure area or electronic database. All Parvis personnel are responsible for ensuring the confidentiality, appropriate use and protection of all Personal Information to which they have access as a result of their relationship with Parvis and for compliance with Parvis’s Privacy Policy. The Chief Compliance Officer (“CCO”) is responsible for Parvis’s overall compliance with any applicable laws and standards governing Personal Information in its possession. All inquiries or concerns regarding the use of Personal Information, including information that has been transferred by Parvis to a third party, must be directed to the CCO.

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Parvis will explain why it needs Personal Information

The purposes for which Personal Information is collected, used and shared by Parvis will be disclosed to clients at or before the time their information is collected, either through this Privacy Policy, in documents such as account opening forms and subscription agreements, or orally. Parvis will collect, use, disclose and retain Personal Information to the extent necessary to fulfil the purpose for which the information was collected, and any new purpose that has been disclosed to clients. In general, Personal Information will only be used and disclosed for the purposes for which it was collected or as permitted or required by law. Parvis transfers Personal Information to service providers under contract to Parvis that provide accounting, legal and similar services. Parvis requires its service providers to protect Personal Information to the same degree as information in the possession of Parvis. Personal Information will be retained for seven years following the end of the client relationship or longer where permitted or required by law. When Personal Information is no longer required, all documentation will be destroyed in a manner commensurate with its sensitivity.

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Parvis will seek consent before handling Personal Information

Parvis will make reasonable efforts to ensure that clients understand the nature, purpose and consequences of the collection, use and disclosure of their Personal Information. Parvis will generally seek express consent, but where appropriate Parvis may rely on implied consent of clients to the collection, use and disclosure of their Personal Information. Subject to legal requirements and reasonable notice, clients may withdraw their consent to the collection, use and disclosure of their Personal Information. However, this may prevent Parvis from continuing to provide services to the clients. In some cases, Parvis may collect, use or disclose Personal Information without a client’s consent, such as to investigate a breach of law or contract, to prevent fraud or financial abuse, to comply with legal obligations and regulatory requirements, or to enforce its legal rights.

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Contacting Parvis about Personal Information

Parvis strives to keep client information as accurate as necessary for the purposes for which it is used. Clients are welcome to contact Parvis in writing to update or request the correction of Personal Information held by Parvis. In addition, clients may make written requests for access to Personal Information held by Parvis and a description of how the information is used or disclosed. In some cases, Parvis may not provide the access requested, such as where it would reveal third party Personal Information, confidential commercial information, or legally privileged information, or where the access could threaten the interests of Parvis or third parties. In other cases, Parvis may charge a fee to provide the requested access to Personal Information. Clients with questions about the handling of their Personal Information are invited to contact the CCO at info@parvisinvest.ca.

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Cookies

In order to better understand your needs and improve our Site as a result, by offering a better and more personalized service, remembering your preferences, and generally improving your experience, we collect information such as the number of hits on our site, the pages most frequently accessed and information about access to our secure Site. This information comes from Web server log files from which we compile overall statistics in order to improve our site and the services we provide to our clients. Cookies are small text files that are placed on your computer by websites that you visit. Cookies can be categorized in accordance as set out below:

Strictly necessary cookies – these cookies are essential in order to enable you to move around a website and use its features and enable services you have specifically asked for. Consent is not generally required for these cookies.
Performance cookies – these collect information about how visitors use a website, for example, by recording which pages users go to most often (usually on an anonymous basis).
Functionality cookies – these cookies allow a website to remember the choices a user makes, such as a username or language preference.
Targeting or advertising cookies – these collect information about a user’s browsing habits and are generally placed by advertising networks with the website operator’s permission.
Most browsers are initially set to accept cookies. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our site. You may refuse to accept cookies by activating the setting on your browser which allows you to refuse the setting of cookies. If you wish to withdraw your consent at any time, you will need to delete your cookies using your internet browser settings. The “options” or “preferences” options in your internet settings function within your browser should tell you how.

Please consult google.com/intl/en-GB/policies/technologies/cookies for information or useful advice on managing your cookie settings. For information on how to do this on the browser of your mobile phone you will need to refer to your handset manual. Also, you can access more information about cookies at allaboutcookies.org and youronlinechoices.eu.

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Providing your consent

Please be aware that if you select to restrict cookies you may be unable to access certain parts of Parvis’s Site. You may delete or block cookies, but parts of the Site may not work. By continuing to use our Site, you are agreeing to our placing cookies on your computer or mobile device in order to analyse the way you use our Site. Please read this cookie policy carefully for more details about the information we collect when you use this site. If you do not wish to accept cookies in connection with your use of this Site, you must stop using our site.