Master Subscription Agreement

This Master Subscription Agreement (this “Agreement”) is by and between the customer (“Customer” or “you”) and Trove Information Technologies, Inc. dba Pave (“Pave” or "we") and is effective as of the date you and Pave enter into an Order Form or you commence using the Products (each as defined below). Customer and Pave are each a “party” and together the “parties”. Use of the Products is governed by this Agreement.

1. Access to the Products
1.1 Pave’s Products

Pave is a compensation management platform, powered by real-time data, that helps companies benchmark, plan and communicate compensation. Pave offers a full suite of products (the “Products”) including (a) Total Rewards and Compensation Planner and (b) our data products and features (the “Data Products”), including our basic compensation benchmarking Product (the “Market Data Product”, previously called the “Benchmarking Product”). The Products ordered by Customer are described in the order form(s) executed or otherwise agreed to by you and Pave (each, an “Order Form”). The Market Data Product may be set forth on an Order Form, but you may use our Market Data Product without an Order Form, subject to Sections 1.2(ii) and 2 below.

1.2 Right and License

Subject to (a) the terms and conditions of this Agreement and, if applicable, the Order Form and (b) your payment for the applicable Products, Pave grants Customer a worldwide, non-exclusive, limited, non-sublicensable, non-transferable right and license to internally access and use:

i. The Products described on each Order Form for the applicable Order Form Term (as defined below); and

ii. The Market Data Product for so long as Customer has integrated its compensation platform or provider with the Products (as further described in Section 2 below).

2. Third-Party Integrations
2.1 Integrations with Customer’s HR Vendors

The Products are powered by real-time integrations (the “Third-Party Integrations”) with third-party vendors engaged by Customer to provide your HR services (ex. HRIS, compensation and equity management platforms) (the “Third-Party HR Vendors”). These Third-Party Integrations are facilitated through the integration methods made available to Pave from Customer’s Third-Party HR Vendors, which may include application programming interfaces (APIs).

2.2 Third-Party Integrations Required

Use of the Products is contingent on Pave’s ability to access Customer’s Third-Party HR Vendors via the Third-Party Integrations. Customer understands that its failure to provide adequate access and/or permissions to your Third-Party HR Vendors via the Third-Party Integrations may result in a suspension or interruption of access to the Products. Given that the Data Products contain benchmarking data from a wide array of companies and are based on a “give to get” model, Pave requires that all customers accessing and/or using the Data Products have active integrations between the Products and Customer’s compensation Third-Party HR Vendors.

2.3 Permissions to Integrate

Customer represents and warrants that it has all rights, licenses, permissions and consents necessary to connect, use and access any Third-Party Integrations that it integrates with the Products. Pave cannot and does not guarantee that the Products will incorporate (or continue to incorporate) any particular Third-Party Integration and does not make any representations or warranties with respect to any Third-Party Integration. Pave is not responsible for (a) the operation of any Third-Party Integration, (b) the availability or operation of the Products to the extent such availability or operation is dependent on any Third-Party Integration or (c) any disclosure, modification, deletion, loss or unauthorized use of Customer Data (as defined below) resulting from any Third-Party Integration.

3. Implementation

Pave offers standard implementation assistance, as set forth on the applicable Order Form, to get you up and running with the Products. If Customer requires custom or additional implementation assistance beyond Pave’s standard implementation assistance, Pave will provide notice to Customer and, if mutually agreed between Pave and Customer, Customer will be responsible for paying Pave for such additional assistance.

4. Support; Service Levels

Pave provides standard support services and service level terms, each of which are described at www.pave.com/service-terms.

5. Fees

Unless otherwise provided on an Order Form, (a) Customer will pay all fees set forth on such Order Form (“Fees”) within thirty (30) days of receipt of the applicable invoice and (b) all Fees are payable and will be invoiced annually in advance. All Fees are in USD and do not include any taxes that may apply, including but not limited to any sales, use, value-added, withholding, GST, VAT or similar taxes or levies. Any such taxes are the responsibility of Customer. All purchases of subscriptions to the Products are non-cancelable and all Fees are non-refundable, except as expressly provided herein. Past due invoices are subject to interest on any outstanding balance of the lesser of 1.5% per month or the maximum amount permitted by law. Unless otherwise provided on an Order Form, at the end of the Initial Order Term or then-current Renewal Order Term (each as defined below), at Pave’s option, Pave reserves the right to either (i) keep the Fees for the applicable Products flat or (ii) increase such Fees in line with Pave’s then-current list prices, in each case upon thirty (30) days’ prior notice to Customer (which may be sent by email). If Customer’s employee count or other applicable metric set forth in an Order Form increases, Pave may true-up Customer for such overage by sending an updated invoice.

6. Ownership of the Products; Feedback
6.1 Pave’s Rights

As between the parties, Pave retains all right, title and interest in and to the Products, and all software, products, works and other intellectual property and moral rights related thereto or created, used or provided by Pave for the purposes of this Agreement, including any copies and derivative works of any of the foregoing. No rights or licenses are granted except as expressly and unambiguously set forth in this Agreement.

6.2 Updates

From time to time, Pave may provide upgrades, patches, enhancements or fixes for the Products (“Updates”). All Updates are provided without additional charge. Updates will become part of the Products and subject to this Agreement. Pave provides Updates in its sole discretion and has no obligation to provide any Updates.

6.3 Feedback

Customer may, but is not obligated to, provide suggestions, comments or other feedback to Pave regarding the Products (“Feedback”). Pave will have the right to freely use the Feedback, including incorporating Feedback into the Products or other Pave offerings. Pave acknowledges and agrees that all Feedback is provided “AS IS” and without any warranty of any kind. Pave may not publicly attribute any Feedback to Customer without Customer’s prior written consent.

7. Customer Data
7.1 Ownership of Customer Data

As between the parties, Customer retains all right, title and interest in and to Customer Data, including all intellectual property rights therein and including any copies and derivative works of any of the foregoing, subject to Section 7.3. For purposes of this Agreement, “Customer Data” means any data, information or other material, including related to Customer’s or its affiliates’ employees or candidates, that is provided, uploaded or submitted by Customer to the Products, whether through the Third-Party Integrations or otherwise.

7.2 Customer’s Responsibilities for Customer Data

Customer, not Pave, has sole responsibility for the accuracy, quality, integrity, legality, reliability, appropriateness and intellectual property ownership (or right to use) of all Customer Data. Customer represents and warrants that it has all rights and has taken all steps (including obtaining any consents and providing any notices) that are legally required for it to instruct Pave to process Customer Data as set forth in this Agreement (including, as applicable, the DPA (as defined below)), in each case without any infringement, violation or misappropriation of any third party rights (including, without limitation, intellectual property rights and rights of privacy). Customer agrees that it will only provide Customer Data that is applicable to the usage of the Products, and that it shall not provide any information to Pave that is considered (a) “protected health information,” as defined under the Health Insurance Portability and Accountability Act, (b) government issued identification numbers, including Social Security numbers, drivers’ license numbers or other state-issued identification numbers, (c) financial account information, including bank account numbers, (d) payment card data, including credit card or debit card numbers or (e) “special categories of personal data,” as defined under the European Union’s General Data Protection Regulation or any other applicable data privacy law (except ethnicity), including political opinions, religious beliefs, trade union membership, physical or mental health or condition, sexual life or the commission or alleged commission any crime or offense.

7.3 Pave’s Use of Customer Data

(a) Customer Data. Pave uses Customer Data to provide the Products, as described in this Agreement.

(b) Personal Data. Pave’s use of Personal Data is described in more detail in Pave’s data processing addendum (“DPA”), available at www.pave.com/data-processing-addendum, which is hereby incorporated into this Agreement by reference. The subject matter, nature, purpose and duration of processing, as well as the types of Personal Data collected and categories of data subjects, are set forth in the DPA. Customer agrees that Pave may collect, use, retain and disclose Personal Data as described in the DPA. Any capitalized terms not defined in this Section 7.3 will have the meanings given to them in the DPA.

(c) Aggregated and De-Identified Data. In order to provide the Products, particularly the Data Products, to Customer, Pave utilizes data submitted to, collected by, or generated by Pave in connection with Customer’s use of the Products, but only in de-identified form, from which individual identifiers have been removed, and aggregated form, such that it can in no way be linked specifically to Customer or Customer’s employees or candidates (“Aggregated and De-Identified Data”). Customer acknowledges and agrees that Pave may internally use and modify (but not disclose) Customer Data for the purposes of generating Aggregated and De-Identified Data. 

(d) Anonymous Data. Customer acknowledges and agrees that Pave may freely use, make available and retain Aggregated and De-Identified Data for Pave’s business purposes (including, without limitation, for purposes of improving, testing, operating, promoting and marketing the Products and Pave’s offerings), (i) to the extent that such data no longer constitutes Personal Data as defined under Data Protection Laws and (ii) subject to restrictions under applicable law. 

(e) Use of Customer’s Name. The power of the Data Products is for customers to know and understand the companies that are included in the datasets, which is in line with the practices of other benchmarking compensation survey providers. As such, Pave requires that customers allow the names of any entities submitted as part of Customer Data to be included in the aggregated list of companies in the Data Products’ datasets, and, therefore, Customer grants Pave a worldwide, non-exclusive, limited, non-sublicensable, non-transferable right and license to use any applicable Customer name (and logo, with Customer’s consent) solely for such purpose.

8. Restrictions; Compliance with Laws
8.1 Use Restrictions

Customer shall not (and shall not permit its employees or any third party to), directly or indirectly: (a) reverse engineer, decompile, disassemble or otherwise attempt to discover the source code, object code or underlying structure, ideas or algorithms of the Products, (b) modify, copy, translate or create derivative works based on the Products, (c) rent, lease, distribute, assign or otherwise transfer or encumber rights to the Products, (d) use the Products for the benefit of a third party, (e) use the Products to build or improve anything competitive with any of the Products or Pave offerings, (f) interfere or attempt to interfere with the proper working of the Products or any activities conducted on the Products, (g) bypass any measures Pave may use to prevent or restrict access to the Products (or networks connected to the Products) or (h) “crawl,” “scrape,” or “spider” any page, data or portion thereof relating to the Products (or any information made available through the Products), whether through manual or automated means. Customer is responsible for all of Customer’s activity in connection with the Products, including, but not limited to, uploading Customer Data onto the Products.

8.2 Compliance with Laws

Both of Pave and Customer agree that they will comply with all applicable local, state, national and foreign laws, treaties and regulations (including those related to data privacy and export) applicable to their respective obligations under this Agreement.

9. Confidentiality
9.1 Confidentiality Obligations

During the term of this Agreement, either party may disclose or make available (“Disclosing Party”) to the other party (“Receiving Party”), whether orally, electronically or in physical form, confidential information concerning Disclosing Party and/or its business, technology, products or services that is marked or identified as “confidential” or “proprietary” at the time of disclosure or disclosed in such a manner or is of such a nature that a reasonable person would understand such information to be confidential (“Confidential Information”). Customer Data is Customer’s Confidential Information and Aggregated and De-Identified Data is Pave’s Confidential Information. Each party agrees that during the term of this Agreement and thereafter: (a) it will use Disclosing Party’s Confidential Information solely for the purposes of this Agreement and (b) it will not disclose Disclosing Party’s Confidential Information to any third party (other than Receiving Party’s employees, contractors and/or professional advisors on a need-to-know basis who are bound by obligations consistent with those contained herein) without first obtaining Disclosing Party’s prior written consent. Upon request by Disclosing Party, Receiving Party will return or destroy Disclosing Party’s Confidential Information.

9.2 Carve-outs

Confidential Information will not include any information that: (a) is or becomes generally known, through no act or omission of Receiving Party, (b) was previously known by Receiving Party without restriction, (c) is disclosed to Receiving Party by a third party without restriction and without breach of any separate nondisclosure obligation or (d) was independently developed by Receiving Party without use of or reference to any of Disclosing Party’s Confidential Information. Receiving Party may disclose Disclosing Party’s Confidential Information to the extent it is legally compelled to do so; provided, however, that prior to any such disclosure, Receiving Party will, to the extent legally permitted, (i) promptly notify Disclosing Party of such requirement to disclose and (ii) cooperate with Disclosing Party, at Disclosing Party’s expense, in protecting against or minimizing any such disclosure or obtaining a protective order.

9.3 Remedies

Receiving Party acknowledges and agrees that: (a) unauthorized disclosure or use of Disclosing Party’s Confidential Information may cause Disclosing Party irreparable harm and significant injury, the extent of which will be difficult to ascertain and for which there may be no adequate remedy at law and (b) Disclosing Party, without limitation, shall have the right to seek immediate injunctive or other equitable relief enjoining any breach or threatened breach hereof, without posting bond or other security and without proving actual damages.

10. Data Security

Pave agrees to use commercially reasonable technical and organizational measures designed to prevent unauthorized access, use, alteration or disclosure of Customer Data. If Pave becomes aware that any Customer Data held by Pave has been accessed by a third party without authorization or is otherwise illegally hacked (a “Breach”), Pave will, to the extent legally permitted, notify Customer as soon as reasonably practical, and in any event within 48 hours of confirmation of such Breach, and will reasonably cooperate with Customer to remediate the unauthorized access. Any Breach will be governed exclusively by the terms of this Section 10.

11. Term; Termination; Suspension
11.1 Term

The term of this Agreement will commence on the Effective Date and continue until all subscriptions have expired or been terminated (or, in the case of the Market Data Product, Customer has ceased use thereof and has removed its Third-Party Integrations), unless earlier terminated as set forth herein. Except as may be otherwise set forth on an Order Form, (a) the initial term of each Order Form shall be twelve (12) months (the “Initial Order Term”) and (b) the Order Form shall automatically renew for additional one (1) year periods (each a “Renewal Order Term” and, together with the Initial Order Term, the “Order Form Term”), unless either party requests termination in writing at least thirty (30) days prior to the end of the Initial Order Term or then-current Renewal Order Term, as applicable.

11.2 Suspension

In the event Customer breaches Sections 5 (Fees) or 8 (Restrictions; Compliance with Laws), Pave may suspend or limit Customer’s access to or use of the Products; provided, however, that Pave (a) will use commercially reasonable efforts to work with Customer to resolve the issue prior to such suspension or limitation if practicable under the circumstances and (b) will reinstate Customer’s use of or access to the Products as soon as reasonably practicable.

11.3 Termination

Either party may terminate this Agreement or any Order Form if the other party materially breaches this Agreement or the applicable Order Form and the breaching party fails to cure such breach within thirty (30) days after receipt of written notice of the breach. If this Agreement or an Order Form is terminated due to Pave’s material breach, Pave shall promptly refund to Customer any pre-paid Fees for subscriptions that would have been provided after the date of termination. If this Agreement or an Order Form is terminated due to Customer’s material breach, Customer will pay Pave in full all Fees, if any, owing for the remainder of the Order Form Term and shall not be entitled to any refunds of pre-paid Fees.

11.4 Effect of Expiration or Termination

Upon expiration or termination of this Agreement, all Order Forms shall also terminate and Customer must stop using the Products. In addition, upon such expiration or termination, Pave will make all Customer Data available to Customer for electronic retrieval for a period of thirty (30) days and provide reasonable assistance in the retrieval of Customer Data by Customer as Customer requests and at Customer’s expense. The following sections will survive expiration or termination of this Agreement: 1.2 (Right and License), 5 (Fees), 6 (Ownership of the Products; Feedback), 7 (Customer Data), 8 (Restrictions; Compliance with Laws), 9 (Confidentiality), 11 (Term; Termination; Suspension), 12 (Indemnification), 13 (Disclaimer), 14 (Limitation of Liability) and 15 (General Provisions).

12. Indemnification
12.1 Indemnification by Pave

(a) Pave shall defend at its sole expense and indemnify Customer, its affiliates and each of its and its affiliates’ employees, directors and representatives from all third party actions, claims and proceedings and pay all damages, liabilities and expenses that are finally awarded in a judgment or agreed to in a settlement (“Losses”) that arise from or relate to any claim that any Product infringes, violates or misappropriates any third party intellectual property or proprietary right.

(b) The foregoing obligations of Pave do not apply with respect to the Products or any information, technology, materials or data (or any portions or components of the foregoing) to the extent (i) not created or provided by Pave, (ii) made in whole or in part in accordance with Customer specifications, (iii) modified by anyone other than Pave after delivery by Pave, (iv) combined with other products, processes or materials not provided by Pave, where the alleged Losses would not have occurred but for such combination, (v) Customer continues the allegedly infringing activity after being notified thereof or after being informed of modifications that would have avoided the alleged infringement or (vi) Customer’s use of the Products is not strictly in accordance herewith.

12.2 Indemnification by Customer

Customer shall defend at its sole expense and indemnify Pave, its affiliates and each of its and its affiliates’ employees, directors and representatives from all third party actions, claims and proceedings and pay all Losses that arise from or relate to (a) any claim that Customer Data infringes, violates or misappropriates any third party intellectual property or proprietary right or (b) Customer’s use of any Third-Party Integrations in connection with or through the Products.

12.3 Indemnification Procedures

Each party’s indemnification obligations hereunder shall be conditioned upon the other party as indemnitee providing the indemnifying party with: (a) prompt written notice of any claim; provided, however, that a failure to provide such notice shall only relieve the indemnifying party of its indemnity obligations if the indemnifying party is materially prejudiced thereby, (b) sole control over the defense and settlement of any claim; provided, however, that the other party as indemnitee may participate in such defense and settlement at its own expense and provided further that the indemnifying party shall not agree to a settlement for anything other than monetary damages without the consent of the indemnitee and (c) reasonable information and assistance in connection with such defense and settlement, at the indemnifying party’s expense.

13. Disclaimer

EXCEPT AS EXPRESSLY SET FORTH HEREIN AND TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PRODUCTS AND ANY RELATED SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE” AND WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ANY WARRANTIES IMPLIED BY ANY COURSE OF PERFORMANCE, USAGE OF TRADE, OR COURSE OF DEALING, ALL OF WHICH ARE EXPRESSLY DISCLAIMED. WITHOUT LIMITING THE FOREGOING, PAVE DOES NOT WARRANT THAT CUSTOMER’S USE OF THE PRODUCTS WILL BE SECURE, UNINTERRUPTED OR ERROR FREE, OR THAT THE PRODUCTS WILL MEET CUSTOMER’S REQUIREMENTS.

14. Limitation of Liability
14.1 Waiver of Consequential Damages

IN NO EVENT SHALL EITHER PARTY, OR ITS AFFILIATES, DIRECTORS, EMPLOYEES, AGENTS OR PARTNERS, BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT FOR ANY LOST PROFITS, DATA LOSS, COST OF PROCUREMENT OR SUBSTITUTE GOODS OR SERVICES, OR SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER, REGARDLESS OF THE NATURE OF THE CLAIM AND EVEN IF A PARTY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

14.2 Limitation of Liability

IN NO EVENT SHALL EITHER PARTY, OR ITS AFFILIATES, DIRECTORS, EMPLOYEES, AGENTS OR PARTNERS, BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT, AND REGARDLESS OF THE NATURE OF THE CLAIM, FOR ANY DIRECT DAMAGES IN EXCESS OF (IN THE AGGREGATE) THE FEES PAID (AND PAYABLE) BY CUSTOMER TO PAVE HEREUNDER IN THE TWELVE (12) MONTHS PRIOR TO THE EVENT GIVING RISE TO THE CLAIM.

14.3 Exclusions

NOTHING IN THIS SECTION 14 SHALL LIMIT OR EXCLUDE CUSTOMER’S PAYMENT OBLIGATIONS IN SECTION 5 (FEES) OR A PARTY’S OBLIGATIONS UNDER SECTION 12 (INDEMNIFICATION).

15. General Provisions
15.1 Complete Agreement; Amendment

This Agreement represents the entire agreement between the parties with respect to the subject matter hereof, including the usage of all Products, and supersedes all prior or contemporaneous communications, proposals, understandings or agreements of any kind (whether oral, written or electronic) with respect hereto. Customer agrees that its subscription(s) hereunder are neither contingent on the delivery of any future functionality or features nor dependent on any oral or written public comments made by Pave regarding future functionality or features, other than any feature commitments expressly agreed in an Order Form signed by both parties. Any inconsistent or additional terms not expressly incorporated herein shall have no effect under this Agreement. The headings of the sections of this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. Pave may modify this Agreement or any of its components by updating this Agreement on www.pave.com. Use of the Products after alteration of this Agreement will constitute acceptance by Customer of such changes.

15.2 Governing Law and Venue

This Agreement shall be governed by and construed in accordance with the laws of the State of California, excluding its conflicts of law rules, and the parties consent to exclusive jurisdiction and venue in the state and federal courts located in San Francisco, California.

15.3 Assignment

Neither party may assign this Agreement, or its rights or obligations hereunder, without the other party’s prior written consent; provided, however, that either party may assign this Agreement and all of its rights and obligations hereunder without such consent to a successor-in-interest in connection with a merger, reorganization, sale of all or substantially all of such party’s assets, change of control or operation of law.

15.4 Notices

All notices delivered by Pave to you under this Agreement will be delivered via email or regular mail to the contacts set forth on the applicable Order Form. Notices to Pave under this Agreement should be sent by email to legal@pave.com or by first class mail to Trove Information Technologies, Inc. dba Pave, 1 Montgomery St., Suite 700, San Francisco, CA 94104, Attention: Legal.

15.5 Force Majeure

Neither party shall be liable for any failure to perform its obligations hereunder where such failure results from any cause beyond such party’s reasonable control, including without limitation fire, flood, earthquake, denial of service attacks, pandemics, Internet failures, acts of war, labor disruptions, or any laws, acts or restraints of any government or governmental authority; provided, however, that the affected party must make commercially reasonable efforts to mitigate the impact of the force majeure event.

15.6 Independent Contractors; No Third-Party Beneficiaries

No agency, partnership, joint venture, or employment relationship is created as a result of this Agreement and neither party has any authority of any kind to bind the other in any respect. There are no third-party beneficiaries under this Agreement.

15.7 Severability; Waiver

If any provision of this Agreement is held to be unenforceable for any reason, such provision shall be modified only to the extent necessary to make it enforceable. The failure of either party to act with respect to a breach of this Agreement by the other party shall not constitute a waiver and shall not limit such party’s rights with respect to such breach or any subsequent breaches.

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