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Lace Terms Of Use

Last Updated: November 7, 2025 

These Lace Terms of Use (these “Lace Terms”) set forth the binding legal agreement between you and Input Output Global, Inc. (“IOG,” “we,” “us” or “our”). These Lace Terms govern your use of the Lace.io website, the Lace wallet browser extension, the Lace mobile app (when available) and other services, features, functionality or resources available or enabled within any of the foregoing (collectively, “Lace Products”). Use of or access to all other websites, browser extensions or plug-ins, mobile apps, products and services offered by IOG and its affiliated entities (collectively, “Other Products”) are excluded from the scope of these Lace Terms and may be governed by other terms and conditions. Please visit the websites or product/service pages specific to the Other Products to see such terms and conditions. 

We encourage you to review these Lace Terms carefully. By accessing or using the Lace Products in any way, you agree to these Lace Terms in their entirety. If you do not agree to any of the Lace Terms, you may not use the Lace Products. 

IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE LACE TERMS, YOU ARE AGREEING TO AN ARBITRATION AGREEMENT WHICH WILL, WITH LIMITED EXCEPTIONS, REQUIRE DISPUTES BETWEEN YOU AND IOG TO BE RESOLVED THROUGH BINDING AND FINAL ARBITRATION RATHER THAN IN COURT. PLEASE CAREFULLY REVIEW SECTION 11 OF THESE LACE TERMS FOR DETAILS REGARDING ARBITRATION. IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE IN SECTION 11 WILL NOT APPLY TO YOU AND THE PROVISIONS OF SECTION 12 WILL APPLY INSTEAD. 

  1. Lace Products and Access Credentials. The Lace Products provide non-custodial wallet services that enable you to self-custody and manage your digital assets. IOG is not a bank or financial institution and does not provide investment or financial advice or consulting services to users of the Lace Products or the Other Products. IOG does not collect, store or have access to your private keys, wallet passwords, seed or recovery phrases, other private access information (collectively, “Access Credentials”) or transaction information. You retain full and sole control and responsibility over your crypto assets, your Access Credentials and your access to the Lace Products. We will not be responsible if you share any Access Credentials, knowingly or unknowingly, with us or any third party. 
  2. Using the Lace Products. 
    1. Who can use the Lace Products. You must be at least the age of majority in the jurisdiction where you live to use the Lace Products. If you use the Lace Products on behalf of an entity, you represent and warrant you have authority to bind that entity to these Lace Terms, and references in these Lace Terms to “you” and “your” will also refer to that entity. 
    2. Access. You are responsible for all equipment, software and fees (including Internet or mobile fees) required to access the Lace Products. We may block, suspend, restrict or terminate access to the Lace Products at any time and without notice, including as required by law or at our discretion. 
    3. Security. The Lace Products are accessed only via your local installation. You are responsible for securing your device and maintaining current anti-virus software. We are not liable for losses from malware, unauthorized access or device compromise. We cannot recover your Access Credentials under any circumstances. You must backup and protect your Access Credentials and avoid storing them in insecure systems (such as email services). 
    4. Domains. You assume the risk associated with obtaining, using or relying upon a crypto domain, non-fungible token domain, decentralized domain, blockchain domain or any other domains in connection with your use of the Lace Products, or transactions to or from the Lace Products in connection with your use. 
    5. Costs and Fees. Third-Party Services (as defined below) may charge fees for their services, including transaction fees for cryptocurrency and digital asset swaps. Fee information is displayed in the Lace interface before you confirm any transaction. IOG does not earn revenue from third-party swap transactions and is not a liquidity provider. Blockchain network transaction fees (“gas” fees) are your responsibility and may fluctuate. 
    6. Taxes. You are responsible for all costs incurred by you in using the Lace Products and determining, collecting, reporting and paying all taxes, duties, levies, tariffs and governmental charges you may be required by law to collect, report or remit, including income, withholding and transaction-based taxes at any government level (“Taxes”). We may report any activity occurring using the Lace Products to relevant tax authorities as required under applicable law. 
    7. Updates and Product Changes. The Lace Products may evolve and you may need to install updates or update third-party software (i.e., browsers or operating systems) to use the Lace Products or access new features or security updates. We may modify or discontinue the Lace Products or any functionality at any time without notice. IOG may offer beta features or tools that are offered for experimental purposes, without any warranty of any kind, and may be modified or discontinued at IOG’s sole discretion. 
    8. Support. You may request technical or product support by submitting a request here. Support provided is believed to be reliable, but we make no representations or warranties regarding its accuracy, completeness or results. 
    9. Additional Lace Terms. Specific terms and conditions may apply to specific content, products, materials, services or information contained on or available through the Lace Products or transactions taking place through the Lace Products, by or on behalf of IOG and excluding Third-Party Services. Such specific terms may be in addition to these Lace Terms or, where inconsistent with these Lace Terms, only to the extent the content or intent of such specific terms is inconsistent with these Lace Terms, such specific terms will supersede these Lace Terms. 
    10. Feedback. We appreciate and welcome your feedback and suggestions about the Lace Products (“Feedback”). You may submit Feedback at lace@iohk.io. By submitting Feedback in this or in any other manner, format or medium, you grant us the right to use, disclose and exploit it without any restriction, attribution, notice or compensation to you. You irrevocably assign to IOG all right, title and interest in and to the Feedback, and shall provide assistance to document, perfect and maintain our rights. To the extent moral rights cannot be assigned under applicable law, you waive and agree not to enforce them against IOG. 
  3. Our Materials. 
    1. Definition of Our Materials. All right, title and interest in or related to the Lace Products (including, but not limited to, the information and content available in the Lace Products, the Lace Product descriptions and our software), including all related intellectual property rights (collectively, “Our Materials”) is the exclusive property of IOG or its licensors. Any unauthorized use of the Lace Products terminates the licenses granted by IOG in these Lace Terms. 
    2. Our License to You. Subject to these Lace Terms, we grant you a limited, non-exclusive, revocable, non-transferable, non-assignable, non-sublicensable license to use and access Our Materials in connection with your use of the Lace Products. Except as expressly agreed to otherwise by us, your use of the Lace Products must be limited to personal, non-commercial use on computers or devices you own or control. We may terminate this license at any time for any reason. Except for the rights and license granted in these Lace Terms, we and our licensors reserve all other rights and grant no other rights or licenses. Some of Our Materials may be provided under and subject to open-source licenses, in which case the specific license(s) mentioned in connection with such of Our Materials apply. IOG or its licensors retain exclusive ownership of our name, logos, graphics, service marks and trademarks (the “IOG Marks”). You shall not use the IOG Marks in public facing materials without our prior written consent. You shall not remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying Our Materials or the IOG Marks. 
  4. Restrictions. 
    1. Conduct. You may not use the Lace Products for any purpose prohibited by these Lace Terms or applicable law. You shall not (and shall not permit or encourage any third party to) take any action on or through the Lace Products: 
      • Intentionally or unintentionally violates, facilitates or promotes conduct that would be considered a violation of any applicable law, rule or regulation, whether civil or criminal; 
      • Infringes any intellectual property rights of any person or entity or uses the copyrighted, patented or trademarked intellectual property of another, or the trade secret of or confidential information of another, without permission of the owner or creator; 
      • Is unlawful, threatening, defamatory, deceptive, false, fraudulent, abusive, hateful, discriminatory, harassing, vulgar, violent, pornographic, profane, invades the privacy of another or is otherwise objectionable; 
      • Engage or assist, or collude with others to engage or assist in, in deceptive or misleading activities or market manipulation activities, which include without limitation pump and dump, wash trading, spoofing, layering or other activities that attempt to artificially influence a digital asset‘s price and/or the behavior of the relevant market(s);
      • Use the Lace Products to participate in fundraising for a business, protocol or platform, including, without limitation, creating, listing or buying assets that are redeemable for financial instruments, assets that give owners the rights to participate in an initial coin offering or any securities offering; ● Impersonates or misrepresents the identity of another user, person or entity; 
      • Expresses or implies an endorsement on behalf of or an affiliation with IOG; 
      • Reproduces, duplicates, copies, sells, resells or otherwise exploits for any commercial purposes any portion of, use of or access to the Lace Products; 
      • Involves either commercial activities or sales (such as contests, sweepstakes, barter, advertising or pyramid schemes) or unauthorized or unsolicited advertising, junk or bulk e-mail; 
      • Interferes with the proper functioning of the Lace Products or engages in any potentially harmful acts directed against the Lace Products, including violating any security features, introducing viruses, worms or similar harmful code into the Lace Products; or 
      • Is targeted toward children and minors. 
    2. Other. Except as expressly permitted by these Lace Terms, you shall not: 
      • Use, reproduce, distribute, host, sell, license, rent, lease, transfer, assign or otherwise exploit (commercially or otherwise) the Lace Products or Our Materials without our express written permission; 
      • Copy, modify, alter, tamper with, translate, adapt, merge, make derivative works of, disassemble, decompile, reverse compile or reverse engineer any part of the Lace Products or Our Materials; ● Use any manual or automated data scraping software, devices or other processes (including spiders, data mining, robots or similar data gathering and extraction tools) to mine or otherwise scrape data in connection with your use of the Lace Products or Our Materials; 
      • Use the Lace Products or Our Materials to train any artificial intelligence, machine learning, large language models or other similar neural networks, algorithms or systems; 
      • Access the Lace Products or Our Materials to build similar or competitive service(s) or software; ● Copy, reproduce, distribute, republish, download, display, post or transmit any of Our Materials; ● Use any metatags or other hidden text using Our Materials; 
      • Remove or destroy any copyright notices, other proprietary markings, identifying language or other similar messages and markings contained on or in the Lace Products or Our Materials; ● Attempt to gain unauthorized access to any portion or feature of, or services offered on or through, the Lace Products, any systems or networks connected to the Lace Products or any IOG server; 
      • Probe, scan or test the vulnerability of the Lace Products or any network connected to the Lace Products, nor breach the security or authentication measures on the Lace Products or any network connected to the Lace Products; or 
      • Take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Lace Products or IOG’s systems or networks, or any systems or networks connected to the Lace Products. 
  5. Other Offerings on the Lace Products. 
    1. Third-Party Services. The Lace Products may enable access to third-party content, websites, applications, marketplaces, products and services and may offer interactions with third parties that we do not own or control (collectively, “Third-Party Services”). Your access or use of Third-Party Services is at your own election and at your own risk. We do not endorse, verify or assume responsibility for Third-Party Services or their content. Your use of Third-Party Services is at your own risk and subject to their terms. We make no warranties regarding accuracy or completeness of third-party content. 
    2. Cryptocurrency Swaps. The Lace Products may provide access to cryptocurrency swap functionality through third-party decentralized exchange aggregators and liquidity providers. You acknowledge: (i) all swap transactions are executed by Third-Party Services, not IOG; (ii) IOG does not control swap execution, exchange rates, transaction processing or fund custody; (iii) displayed swap quotes and estimated prices are estimates only and are not guaranteed; actual execution prices may differ; (iv) swap transactions may be subject to price slippage, network congestion and failed transactions; (v) you are responsible for verifying swap details (including exchange rates, fees and recipient addresses) before confirming any transaction; (vi) swap transactions may be irreversible once submitted to the blockchain; and (vii) IOG is not responsible for any losses resulting from swap transactions, including losses due to price volatility, slippage, failed transactions or user error. 
    3. Multi-Provider Selection. Where the Lace Products display cryptocurrency swap quotes from multiple Third-Party Services, any selection, ranking, ordering or recommendation of providers is for informational purposes only and does not constitute an endorsement, guarantee of execution quality or investment advice. We do not warrant that displayed options represent all available providers or the best available rates. Provider selection, ranking or ordering may be based on various factors including, without limitation, historical performance, liquidity, transaction fees, execution speed or other criteria, which may change at any time without notice. You are solely responsible for selecting a provider and confirming all transaction details before execution. We do not guarantee successful execution through any provider, and we are not responsible for any losses, damages or other issues resulting from your selection of any provider or the performance or failure of any provider you select. 
    4. Third-Party Services Terms. Your use of or access to Third-Party Services may be subject to the privacy practices, privacy policies, terms of use and other legal terms, if any, established by the Third-Party Services. Where such terms exist, you are responsible for reviewing, agreeing to and complying with them prior to accessing or using Third-Party Services in connection with or through the Lace Products. We do not control the terms, policies or performance of any third party, including Third-Party Services, and we are not responsible for any performance, or failure to perform, of any Third-Party Service, including exchange rates, processing of transactions and similar activities. We do not provide customer support for transactions performed by Third-Party Services. When you leave the Lace Products and access a Third-Party Service, the Third-Party Service’s terms of use govern the transaction. 
    5. Third-Party Trademarks. Any trade names, logos, brands and other trademarks featured or referred to in any Third-Party Services are the property of their respective trademark holders. 
  6. Digital Millennium Copyright Act Policy. IOG respects the intellectual property rights of others and expects its users to do the same. It is IOG‘s policy to comply with the Digital Millennium Copyright Act (“DMCA”) and to respond to claims of copyright infringement using the DMCA reporting process below. We may remove content from the Lace Products if a user provider repeatedly infringes or is believed to be repeatedly infringing the rights of copyright holders. 
    1. DMCA Reporting. If you are a copyright owner or a legally authorized representative of a copyright owner and believe that any content in or on an IOG Product infringes upon your copyrights, then we encourage you to submit a request here or contact us by email at DMCA@iohk.io. Alternatively, pursuant to the DMCA (see 17 U.S.C. § 512(c)(3) for further detail), you may mail a written notice to our designated copyright agent (see contact information below). 
    2. Report Requirements. Regardless of the method you use to contact us, you must provide all the following information in your communication. Please note the notice must be completed by the lawful owner of the copyright or a legally authorized representative of the copyright owner. 
      • A physical or electronic signature of the copyright owner or the person authorized to act on behalf of the copyright owner; 
      • Identification of the copyrighted work claimed to have been infringed, or, if the notification involves multiple copyrighted works on the same website, mobile app, product, service, plug-in or browser extension a representative list of such works; 
      • Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, in all cases with information reasonably sufficient to allow us to locate the material; 
      • Reasonably sufficient information to allow us to contact you, including your name, postal address, telephone number and, if available, an email address; 
      • A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent or the law; 
      • A statement that the information in the notification is accurate; and 
      • A statement, under penalty of perjury, that you are authorized to act on behalf of the copyright owner. 
    3. DMCA Contact. You can send your properly completed DMCA notice to IOG‘s designated copyright agent at: 

      Input Output Global, Inc.
      2015 Ionosphere Street, Suite 201
      Longmont, Colorado 80504 USA
      Attn: Legal Department, c/o Tobias Weas 

      Please note that written submissions sent via physical mail to the above address may take longer to process and must include all the information listed above. 

    4. DMCA Compliance. Your properly completed DMCA notice may be shared by IOG with the user alleged to have infringed your relevant copyright(s), and you consent to IOG making such disclosures. There are legal and financial consequences, including civil and/or criminal penalties, for submitting bad faith or fraudulent infringement reports. By submitting a DMCA notice, you acknowledge that you will be liable for any damages, including costs and attorneys’ fees, that IOG incurs related to any misrepresentation relied upon in removing or disabling access to the alleged infringing material or activity, or in replacing the removed material or ceasing to disable access to it. 
    5. DMCA Damages. IOG reserves the right to seek damages from any party/parties that submits a DMCA notice in violation of the DMCA. For clarity, only DMCA notices should be directed to the designated copyright agent displayed above. You acknowledge that if you fail to comply with all the requirements in this Section, then your DMCA notice may not be valid. 
  7. Disclaimers, Limitations of Liability and Assumption of Risks. PLEASE READ THIS SECTION CAREFULLY SINCE IT LIMITS THE LIABILITY OF IOG ENTITIES (AS DEFINED BELOW) TO YOU. THE “IOG ENTITIES” COLLECTIVELY MEANS INPUT OUTPUT GLOBAL, INC. AND ALL ITS SUBSIDIARIES, AFFILIATES, RELATED COMPANIES AND LICENSORS AND THE OFFICERS, DIRECTORS, EMPLOYEES, CONSULTANTS, AGENTS AND REPRESENTATIVES OF EACH OF THEM. EACH PROVISION IN THIS SECTION APPLIES TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW. 
    1. AS IS. WE PROVIDE THE LACE PRODUCTS, OUR MATERIALS AND THIRD-PARTY SERVICES ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. THE IOG ENTITIES DISCLAIM ALL WARRANTIES AND CONDITIONS OF MERCHANTABILITY, TITLE, ACCURACY, COMPLETENESS, UNINTERRUPTED OR ERROR-FREE SERVICE, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, NON-INFRINGEMENT AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR TRADE USAGE. YOU ASSUME ALL RISK OF USE OF THE LACE PRODUCTS. NOTHING IN THE LACE PRODUCTS OR OUR MATERIALS IS LEGAL, FINANCIAL OR TAX ADVICE. 
    2. ELECTRONIC COMMUNICATIONS AND SECURITY. THE IOG ENTITIES DO NOT WARRANT THE SECURITY OF THE LACE PRODUCTS OR THAT THE LACE PRODUCTS OR ELECTRONIC COMMUNICATIONS ARE FREE FROM VIRUSES OR HARMFUL ELEMENTS. WE ARE NOT LIABLE FOR LOSSES ARISING FROM: COMMUNICATION FAILURES, DELAYS, ERRORS OR INTERCEPTION; USER ERROR; LOSS OF ACCESS CREDENTIALS; BLOCKCHAIN OR NETWORK ISSUES; TRANSACTION DELAYS, ERRORS OR FAILURES; DIGITAL ASSET PRICE CHANGES; INCORRECT OR MISSING BLOCKCHAIN RECORDS; OR THIRD-PARTY ATTACKS. 
    3. LIABILITY DISCLAIMER, CAP AND EXCLUSIONS. THE IOG ENTITIES WILL NOT BE LIABLE TO YOU UNDER ANY THEORY OF LIABILITY. THE IOG ENTITIES SPECIFICALLY WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES, LOSS OF PROFITS OR REVENUE, LOSS OF BUSINESS, BUSINESS INTERRUPTION, REPUTATIONAL HARM, LOSS OF DATA OR PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES ARISING FROM OR RELATING TO YOUR USE OF, OR INABILITY TO USE, THE LACE PRODUCTS OR OUR MATERIALS, EVEN IF THE IOG ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES ARE FORESEEABLE. THE IOG ENTITIES’ TOTAL AGGREGATE LIABILITY ARISING FROM OR RELATING TO THESE LACE TERMS OR YOUR USE OF, OR INABILITY TO USE, THE LACE PRODUCTS OR OUR MATERIALS WILL NOT EXCEED USD$100. These limitations will not apply to damages caused by the fraud or willful misconduct of the IOG Entities or to the extent precluded by applicable law (in which case the IOG Entities’ liability will be increased to the minimum amount required to comply with such law). 
    4. Assumption of Risks. 
      1. Sophistication and Risk of Cryptographic Systems. Digital assets exist on blockchains, not within the Lace Products. The IOG Entities do not operate or control any blockchain, execute protocol upgrades or process transactions. Blockchain transactions may be irreversible and losses may not be recoverable. You acknowledge the inherent risks of cryptographic systems, blockchains and digital assets, including: blockchain forks or technical issues; transaction costs and speed variability; digital asset price volatility; and potential total loss of value. We are not responsible for any blockchain issues, cyberattacks or resulting losses. 
      2. Risk of Legislative, Regulatory or Judiciary Actions. The IOG Entities, the Lace Products and digital assets in general could be impacted by one or more legislative actions, regulatory actions (such as regulatory investigations or enforcement actions) or judiciary actions (such as orders and decisions) that could impede or limit the ability of the IOG Entities to continue to develop, or which could impede or limit your ability to access or use, the Lace Products. The legal and regulatory regimes and case law governing blockchain technologies and digital assets are uncertain and evolving, and new or revised laws, regulations or policies may adversely affect one or more digital assets and/or the Lace Products. 
      3. Risk of Weaknesses or Exploits. Risks associated with Internet-based digital assets include hardware, software and connection failures, malicious software and unauthorized access and social engineering scams. Advances in cryptography or quantum computing may present risks to digital assets. You are responsible for cryptographically signed transactions, including those responding to third-party solicitations. We do not verify the legitimacy of third-party applications or tokens and do not guarantee security. 
      4. Volatility of Digital Assets. You acknowledge digital assets are highly volatile due to many factors including adoption, speculation, technology, legal and regulatory risks, security risks and litigation or bankruptcy of entities involved in digital assets. 
      5. Purchasing or Receiving Digital Assets. Risks include counterfeit or mislabeled assets, unauthorized content, metadata decay, smart contract bugs or malware and untransferable assets. Assets may become inaccessible. YOU BEAR FULL RESPONSIBILITY FOR VERIFYING THE IDENTITY, LEGITIMACY AND AUTHENTICITY OF DIGITAL ASSETS. WE MAKE NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY OR AUTHENTICITY OF ANY DIGITAL ASSETS, NOTWITHSTANDING ANY VERIFICATION INDICATORS. 
      6. Swap and Decentralized Exchange Risks. If you use cryptocurrency swap functionality through the Lace Products, you acknowledge and accept additional risks inherent to decentralized exchanges, automated market makers and swap aggregation services, including, without limitation: (A) The final execution price of your swap transaction may differ materially from the quoted or estimated price due to market volatility, network latency, transaction ordering or liquidity changes, and large transactions may experience significant price slippage due to limited liquidity in the relevant pools or markets; (B) swap transactions are visible in public mempools before confirmation and may be front-run, back-run or sandwiched by automated trading bots, miners, validators or other actors seeking to extract maximum extractable value (MEV), which may result in worse execution prices for your transaction; (C) decentralized exchange liquidity pools may have insufficient depth to execute your transaction at expected prices, liquidity providers may add or remove liquidity without notice and thin markets increase price impact and slippage; (D) decentralized exchange protocols, aggregators and automated market makers rely on smart contracts that may contain bugs, vulnerabilities, design flaws or unintended behaviors and protocol upgrades, governance changes or modifications to these smart contracts may affect functionality or your assets; (E) swap transactions may fail due to slippage tolerance settings, insufficient gas prices, liquidity changes during execution, smart contract errors or network congestion, and you may still incur blockchain network fees (gas fees) even for failed transactions; and (F) swap pricing and execution depend on price oracles and data feeds that may be manipulated, delayed, unavailable or inaccurate, potentially affecting your transaction execution price. 

      The IOG Entities have no control over third-party systems and protocols. You acknowledge and accept all risks described in this Section 7 and agree that the IOG Entities will not be held liable for any losses or damages associated with these risks. 

  8. Indemnification. You fully indemnify, defend and hold harmless the IOG Entities from and against all claims, damages, losses, costs (including reasonable attorneys‘ fees) and other expenses arising from or relating to: (a) your breach of any part of these Lace Terms, including, without limitation, any policies referenced in these Lace Terms; (b) Feedback, including any allegation that Feedback or any materials you submit to us or transmit to the Lace Products infringe, misappropriate or otherwise violate the copyright, patent, trademark, trade secret or other intellectual or industrial property or other rights of any party; (c) your activities in connection with the Lace Products or other websites to which the Lace Products are linked; (d) your violation of all applicable local, state, federal and international laws and regulations, rules, orders and ordinances; and (e) your negligent or fraudulent conduct or willful misconduct. IOG may, at its cost, assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall fully cooperate with IOG in asserting any available defenses. You shall not agree to any settlement or resolution of any claim without the prior written consent of the applicable IOG Entities. 
  9. Privacy. To the extent you provide IOG with or consent to IOG’s collection of any information that can be used to contact or identify you (“Personal Data”) in connection with your use of the Lace Products or Our Materials, as outlined in our Lace Privacy Policy, then IOG will collect, use and process your Personal Data only in accordance with the terms of the Lace Privacy Policy, which is incorporated into these Lace Terms. If you wish to stop receiving communications from IOG that you previously opted to receive, please follow the opt-out options in the Lace Privacy Policy. 
  10. Termination. 
    1. Term. These Lace Terms commence on the date when you accept them (as described in the preamble to these Lace Terms) and remain in full force and effect for so long as you access or use the Lace Products unless terminated earlier in accordance with this Section. 
    2. Termination by You. Except as set forth in Section 10(d), these Lace Terms will be of no further force and effect with respect to you if you cease all use of the Lace Products. 
    3. Termination by IOG. We may, at any time and for any reason, cease providing any or all the Lace Products, terminate your access to the Lace Products or Our Materials or terminate these Lace Terms.
    4. Effect of Termination and Survival. Upon termination of these Lace Terms with respect to you for any  reason, your right to use the Lace Products and Our Materials will automatically terminate. IOG will not have any liability to you for any suspension or termination for any reason. All provisions of these Lace Terms shall survive the expiration or termination of these Lace Terms to the full extent necessary for their enforcement and for the protection of the party in whose favor they operate. 
  11. Dispute Resolution. Please read this Section 11 (the “Arbitration Agreement”) carefully. It requires you to arbitrate disputes with IOG and limits the way you can seek relief. 
    1. Initial Dispute. If you have a dispute with the IOG Entities, you shall contact us using the form found at https://iohk.io/en/contact/to attempt to resolve the issue informally before any other method of dispute resolution. Neither you nor the IOG Entities may start a formal arbitration proceeding for at least 60 days after one party notifies the other party of a claim in writing. 
    2. Agreement to Arbitrate and Applicability of Arbitration. 
      1. Scope of Arbitration. This Arbitration Agreement will apply, without limitation, to all disputes or claims that arose or were asserted before the “Last Updated” date of these Lace Terms or any prior version of these Lace Terms. The Federal Arbitration Act (9 U.S.C. § 1 et seq.) and the laws of the State of New York govern the interpretation and enforcement of this Arbitration Agreement. 
      2. Agreement to Arbitrate and Exceptions. After following the steps in 12(a), any dispute will be resolved by final and binding arbitration, except that: (A) you may assert claims in small claims court if your claims qualify only on an individual (non-class, non-representative) basis; and (B) you or the IOG Entities may seek injunctive, equitable or similar relief for actual or threatened infringement, violation or other misuse of intellectual property rights without first engaging in arbitration or the steps in 12(a). 
      3. Arbitration Acknowledgement. BY AGREEING TO THIS ARBITRATION AGREEMENT, YOU AGREE NOT TO PARTICIPATE IN OR SEEK TO RECOVER MONETARY OR OTHER RELIEF IN ANY LAWSUIT FILED AGAINST THE IOG ENTITIES ALLEGING CLASS, COLLECTIVE AND/OR REPRESENTATIVE CLAIMS ON YOUR BEHALF. YOU MAY BRING YOUR CLAIMS AGAINST THE IOG ENTITIES ONLY IN AN INDIVIDUAL ARBITRATION PROCEEDING. IF SUCCESSFUL ON SUCH CLAIMS, YOU COULD BE AWARDED MONEY OR OTHER RELIEF BY AN ARBITRATOR. YOU ACKNOWLEDGE YOU HAVE BEEN ADVISED THAT YOU MAY CONSULT WITH AN ATTORNEY IN DECIDING WHETHER TO ACCEPT THESE LACE TERMS, INCLUDING THIS ARBITRATION AGREEMENT. 
    3. Arbitration Request, Rules, Fees and Forum. 
      1. Initiating Arbitration. To begin an arbitration proceeding, you must send a letter requesting arbitration and describing your claim via first class certified mail, return receipt requested, to JAMS and Input Output Global, Inc., 2015 Ionosphere Street #201, Longmont, Colorado, 80504, Attn: Legal Department. 
      2. Arbitrator and Rules. The arbitration will be conducted by JAMS before a single, neutral arbitrator mutually agreed upon by the parties, and if the parties cannot agree within 30 days after names of potential arbitrators have been proposed, then by a single arbitrator chosen by JAMS. Claims and counterclaims under $250,000 (excluding attorneys’ fees and interest) are subject to JAMS’s current version of the Streamlined Arbitration Rules and Procedures available at http://www.jamsadr.com/rules-streamlined-arbitration/; all other claims are subject to JAMS’s current version of the Comprehensive Arbitration Rules and Procedures, available at https://www.jamsadr.com/rules-comprehensive-arbitration/. JAMS’s rules are also available at www.jamsadr.com or by calling JAMS at 800-352-5267. 
      3. Fees. If the arbitrator finds that you cannot afford to pay JAMS’s filing, administrative, hearing and/or other fees and you cannot obtain a waiver from JAMS, the IOG Entities will pay them for you. In addition, the IOG Entities will reimburse all such JAMS’s filing, administrative, hearing and/or other fees for claims totaling less than $10,000 unless the arbitrator determines the claims are frivolous. Likewise, the IOG Entities will not seek attorneys’ fees and costs in arbitration unless the arbitrator determines the claims are frivolous. 
      4. Forum. You may choose to have the arbitration conducted by telephone, based on written submissions or in person in the Borough of Manhattan, New York. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction. All arbitration pleadings and proceedings will be conducted in English. 
    4. Authority of Arbitrator. The arbitrator has exclusive authority to (i) determine the scope and enforceability of this Arbitration Agreement and (ii) resolve any dispute related to its interpretation, applicability, enforceability or formation. The arbitrator will decide the parties’ rights and liabilities. Proceedings will not be consolidated with other matters or joined with any other cases or parties. The arbitrator may: (A) grant motions dispositive of all or part of any claim; and (B) award monetary damages and grant non-monetary remedy or relief available under applicable law. The arbitrator must issue a written award describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The arbitrator has the same authority to award relief on an individual basis that a judge in a court of law would have. The award of the arbitrator is final and binding. No arbitration decision serves as precedent in other arbitrations except to preclude re-arbitration of the same claim between the same parties. 
    5. Waiver of Jury Trial. EXCEPT AS PROVIDED IN SECTION 11(b)(ii), YOU AND THE IOG ENTITIES WAIVE ALL CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A JUDGE OR JURY TRIAL. All claims and disputes will be resolved by arbitration under this Arbitration Agreement, except as specified in Section 11(b)(ii). An arbitrator can award on an individual basis the same damages and relief as a court and must follow this Arbitration Agreement as a court would. Court review of an arbitration award is subject to extremely limited review. If litigation arises between you and the IOG Entities to vacate or enforce an arbitration award or otherwise, YOU AND THE IOG ENTITIES WAIVE ALL RIGHTS TO A JURY TRIAL. 
    6. Waiver of Class or Consolidated Actions. ALL CLAIMS AND DISPUTES WITHIN THE SCOPE OF THIS ARBITRATION AGREEMENT MUST BE ARBITRATED ON AN INDIVIDUAL BASIS AND YOU AND THE IOG ENTITIES WAIVE ANY RIGHT TO BRING, PARTICIPATE IN OR RECEIVE MONEY OR ANY OTHER RELIEF FROM ANY REPRESENTATIVE, CLASS, CONSOLIDATED OR COLLECTIVE PROCEEDING (THE “CLASS ACTION WAIVER”). ONLY INDIVIDUAL RELIEF IS AVAILABLE AND CLAIMS OF MORE THAN ONE CUSTOMER OR USER CANNOT BE ARBITRATED OR CONSOLIDATED WITH THOSE OF ANY OTHER CUSTOMER OR USER. 
    7. 30-Day Right to Opt Out. You have the right to opt out of this Arbitration Agreement by sending written notice of your decision to opt out to legal@iohk.io within 30 days after first becoming subject to this Arbitration Agreement. Notice must include your name and address and an unequivocal statement that you want to opt out of this Arbitration Agreement. If you opt out of this Arbitration Agreement, all other parts of these Lace Terms will continue to apply to you. Opting out of this Arbitration Agreement has no effect on any other arbitration agreements that you may currently have, or may enter in the future, with us. 
    8. Severability. If any term or condition in this Section 11 is determined by a court of competent jurisdiction to be unenforceable or in conflict with a mandatory provision of applicable law, it will be construed to incorporate any mandatory provision or the unenforceable or conflicting term or condition will be automatically severed and the remainder of this Section 11 will not be affected. However, if the Class Action Waiver is found to be unenforceable, then any claim brought on a class, collective or representative action basis will be adjudicated exclusively in the state and federal courts located in New York County, New York, which will be the exclusive forum for such claims. You waive all objections to the exercise of jurisdiction over you by such courts and to venue in such courts. 
    9. Survival of Agreement. This Arbitration Agreement will survive the termination of your relationship with IOG. 
    10. Modification. Notwithstanding any provision in these Lace Terms to the contrary, any revision to or termination of these Lace Terms (including, without limitation, this Arbitration Agreement) will not apply to any individual claim(s) that you had already provided notice of to IOG prior to the modification or termination, or to any claim that the asserting party knew about prior to the modification or termination, except as may be required by applicable law. 
  12. Governing Law and Forum. To the extent Section 11 is held by a court of competent jurisdiction to unenforceable: These Lace Terms and all disputes or controversies arising out of or relating to them will be construed, governed and enforced in accordance with the laws of the United States and the State of New York, without regard to conflict of laws principles. You and the IOE Entities: (a) submit to the exclusive jurisdiction of the federal or state courts located in New York County in any action, suit or proceeding arising out of or relating to these Lace Terms and acknowledge that venue shall lie exclusively in such courts; and (b) waive any objection based on lack of personal jurisdiction or inconvenient forum. THE PARTIES IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THESE LACE TERMS. 
  13. Miscellaneous. 
    1. Application Provider Lace Terms. If you access the Lace Products through an IOG application, you acknowledge that these Lace Terms are only between you and IOG, not with an application service or platform provider (such as Apple, Inc., or Google Inc.), which has its own terms as a Third-Party Services provider. 
    2. Export Control and Sanctions Representations. You acknowledge that IOG services and products are subject to U.S. export control laws and other applicable laws. You will comply with these laws and will not export, re-export or transfer IOG services and products in violation of such laws. The Lace Products may not be used in U.S. embargoed countries or by anyone on U.S. Treasury Department’s sanctions lists (Specially Designated Nationals, Denied Persons, Entity List). By using the Lace Products, you represent and warrant that you are not the subject of, nor located or resident in a country or territory that is the subject of, any sanctions, embargoes or export restrictions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 
    3. Changes. We may change these Lace Terms at any time. If we do, we will update the “Last Updated” date at the beginning. Your continued use of the Lace Products after such changes become effective constitutes your acceptance of the updated Lace Terms. If you do not agree with any updates, you must top using the Lace Products. Check this page periodically for the most current version of the Lace Terms. Changes are effective on a going forward basis as of the posting date. 
    4. Languages. The English version of these Lace Terms is binding. All communications, notices and proceedings relating to these Lace Terms will be in English, even if we provide translations. To the extent allowed by law, inconsistencies among the different translations will be resolved in favor of the English version. 
    5. Assignment. You may not assign these Lace Terms or any rights, obligations or remedies under these Lace Terms without IOG‘s prior written consent. IOG may assign these Lace Terms, or delegate any right, obligation or remedy, in its sole discretion. There are no third-party beneficiaries. 
    6. Waiver. Our failure to assert a right or provision under these Lace Terms does not constitute a waiver, nor does the single or partial exercise of any right or provision prevent or restrict further exercise of that or any other right or provision. 
    7. Headings. Any heading, caption or section title is inserted only as a matter of convenience and in no way defines or explains any section or provision of these Lace Terms. 
    8. Further Assurances. You will execute a hard copy of these Lace Terms and any other documents, and take any actions at our expense, that we may request to confirm and effect the intent of these Lace Terms and any of your rights or obligations under these Lace Terms. 
    9. Entire Agreement and Severability. These Terms supersede all prior agreements regarding the Lace Products and constitute the entire agreement between you and us. If any part of these Lace Terms is found unenforceable, it will be construed to reflect the parties’ original intent, and the remaining provisions will remain in full force and effect. 
    10. Independent Parties. No agency, partnership, joint venture or employment relationship is created as a result of these Lace Terms and you do not have any authority to bind the IOG Entities in any respect. 
    11. Electronic Communications and Notices. We may provide notice by posting a notice on the our website or Lace Product interface, emailing you or using public communication channels. Notices are effective upon posting or when emailed. To give us notice, you must contact us by email at legal@iohk.io. 
    12. Contact. Feel free to contact us at lace@iohk.io with any questions about the Lace Products or these Lace Terms. You can also write to us at: 

      Input Output Global, Inc.
      2015 Ionosphere Street, Ste 201
      Longmont, Colorado 80504 USA
      Attn: Legal Department