PRIVACY POLICY

(Effective Date: September 21, 2021)

Inventum Ventures LLC (“Inventum,” “we”, “us” or “our”) maintains this Privacy Policy (“Privacy Policy”) that summarizes the treatment of information provided or collected from our website at https://inventumventures.com/ (the “Website”).

By visiting our Website or accepting our Privacy Policy you consent to our collection, storage, use and disclosure of your information as described in this Privacy Policy.

A. Types and Collection of Information

Our primary goal in collecting the information described below is to provide you, the user, with a customized experience on our Website and to deliver better service, products, and more relevant content to our partners and visitors.

1. Types of Information We Collect

We collect two basic types of information in connection with our Website: (a) Personal Information and (b) Anonymous Information. Personal Information, Anonymous Information and Aggregated Information as used in this Privacy Policy are defined below:

“Personal Information” means information that identifies (whether directly or indirectly) a particular individual, such as the individual’s first and last name, home or other physical address, email address, telephone number, and social security number. Personal Information also includes identifiers, such as cookies, IP addresses and Mobile Device IDs that recognize individuals over time and across different websites or online services, where those identifiers can be reasonably linked to an identifiable individual.

“Anonymous Information” means information that does not directly or indirectly identify, and cannot reasonably be used to identify, an individual person. When Anonymous Information is directly or indirectly associated with or combined with any Personal Information, such Anonymous Information will also be treated as Personal Information.

“Aggregated Information” means information about groups or categories of persons, which does not identify and cannot reasonably be used to identify an individual person.

2. How We Collect Your Information

Information Collected Directly from You

When you interact with the Website, we collect information (including Personal Information) you provide to us directly as described below:

Information Through Mobile Devices. When you access the Website through your mobile telephone or other mobile devices (collectively, “Mobile Device”), we collect: (i) Mobile Device type and manufacturer; (ii) mobile carrier; (iii) Mobile Device identifiers or advertising identifiers (“Device ID”); (iv) telephone number; (v) Internet Protocol address; (vi) geographic location/country/zip code; (vii) platform version; (viii) installation, navigation, access, interaction, impression and engagement information; (ix) network connection type (4G, 5G, Wi-Fi, etc.); (x) browser type; (xi) Mac address; (xii) iOS advertiser ID; and (xiii) such other information you voluntarily provide to us. In addition, we collect information you provide when you sign up to have Short Message Service notifications sent directly to your Mobile Device. We use your Device ID to verify, audit and analyze your use of the Website. Please note that the Device ID alone does not constitute Personal Information.

Employment Opportunities. Parts of our Website may relate to employment opportunities. They usually will be captioned “Career,” “Job Opening” or other similar labels or captions clearly indicating the employment opportunity subject matter (the “Career Pages”). We will collect employment-related information that you submit to us, including through Careers Pages.

Other Sources. We may collect your information from other sources, including, without limitation, third-party information providers, service vendors and partners. In addition, we may collect your information that you voluntarily disclose directly to us through various forms of communication.

Information Collected by Automated Technologies

When you interact with the Website, we collect Anonymous Information through automated technologies as described below:

Cookies. A “cookie” is a small text file that is sent to your browser from a web server and stored on your computer’s hard drive or Mobile Device. We may use cookies to track Anonymous Information about you (e.g., pages viewed, time spent on our Website), and the sites visited just before and just after our Website) for statistical and market research purposes.

We use cookies to gather information about your browser activities. We may also use local shared objects also known as “flash cookies” to collect information from you.

You have choices with respect to cookies. By modifying your browser preferences, you have the option to reject all cookies, or limit the type of cookies you allow. Flash cookies operate differently from browser cookies and cookie management tools available in a web browser will not remove flash cookies. To learn more about and manage flash cookies you can visit www.adobe.com. Rejecting or limiting the type of cookies may, however, in limited instances prevent you from accessing certain features on our Website.

Log Files. Like most Internet services, we may also use log files on the server side to collect information from you. Your information held in log files includes your computer’s or Mobile Device’s IP (Internet Protocol) address, browser type, browser language, e-mail application, Internet service provider, referring/exit Web pages, computer platform type, date/time stamp, and user activity. The software enabling our Website has associated log and temporary files that are stored on our servers. These files store preference settings, system notifications as well as other data necessary to enable you to use our Website. Your information may also be collected in connection with regularly performed server backups.

Tracking Technologies. We utilize a variety of tracking methods to collect information from you, including, without limitation web beacons (also known as Internet tags, pixel tags and clear GIFs). Web beacons are small pieces of data that are embedded in images on the pages of websites to analyze the traffic patterns, such as the frequency users visit various areas of our Website. Pixel tags may allow us to advertise more efficiently by excluding our current users from certain promotional messages or identifying the source of a new installation. These methods may involve collecting information directly from you or through another entity authorized by us to collect information on our behalf. We also use these methods in HTML e-mails that we send our guests to determine whether the recipients have opened those e-mails or clicked on links in those e-mails. The information that we collect through tracking technologies is Anonymous Information.

Third Party Advertisers. Many advertisements are managed and placed on the Website by third parties. These third-party advertisers may use cookies, web beacons or similar automated information collection technologies on your computer or Mobile Devices to collect Anonymous Information from you. In some cases, we may have access to information from cookies, web beacons and similar automated information collection technologies used by third party advertisers on our Website and this information may permit us to identify other sites or services that you have visited that are also associated with the third party advertiser.

The use of cookies, web beacons, or similar automated information collection technologies by third-party advertisers is subject to their own privacy policies. Once you have clicked on an advertisement and have left the Website, our Privacy Policy no longer applies and you must read the privacy policy of the applicable third party advertiser to see how your information will be collected, stored and used as part of their service. Specifically, privacy choices you have made on the third-party site or platform will not apply to our use of the information we have collected directly from you or through our automated technologies.

Click Through URLs. Some of our Website use “click-through URLs” linked to other content on our Website. We track this click-through data to help us determine interest in topics and use of the Website.

B. Use and Disclosure of Personal Information

Unless otherwise permitted or required by law, or with your additional consent, we will only use and disclose your Personal Information solely for the purposes set out in this Privacy Policy.

1. Use by Inventum

We use your Personal Information for any one or more of the following purposes:

(a) to evaluate your potential employment at Inventum, and if you are offered a job or become employed by us, for purposes related to your employment;

(b) to operate, maintain and improve our Website and our service offerings;

(c) to conduct market research analyses, including, without limitation, to analyze user characteristics and usage patterns in order to better understand how our Website and services are used and market them more effectively and to optimize the display of advertisements;

(d) to prevent or investigate actual or suspected fraud, hacking, infringement, or other misconduct involving our Website and service offerings;

(e) to comply with applicable laws, regulations, legal processes or enforceable government requests;

(f) to send notices, such as communications about changes to this Privacy Policy and other service-specific policies, and to enforce applicable terms and conditions set forth in such policies; and

(g) to protect against harm to the rights, property or safety of Inventum, its users or the public as required or permitted by law.

Inventum processes Personal Information on our servers in the United States of America and in other countries. In some cases, we may process Personal Information outside of your country.

2. Disclosure to Third Parties

Third Party Service Providers. We may disclose your Personal Information to third party service vendors and partners in connection with our provision of the Website. Such third-party service vendors and partners may be located in countries other than your country of residence and provide such services as data analysis, e-mail delivery, hosting, order fulfillment, infrastructure and network storage, customer service, technical support, auditing, content licensing and promotional services.

Advertising of Third-Party Products and Services. We may share (i) Aggregated Information; (ii) Anonymous Information; and (iii) certain technical information with third party advertisers for their direct marketing purposes, including, without limitation, to develop and deliver targeted advertising on the Website and on the websites of third parties.

Affiliates. We may disclose Personal Information to our “Affiliates” (which shall mean subsidiaries, parent companies, joint ventures and other corporate entities under common ownership located in the United States or anywhere else in the world) for the purpose of transferring and processing such Personal Information based on our instructions and such purposes as described in this Privacy Policy.

Ownership Change. In the event Inventum combines with another company in the future through a corporate merger, sale, acquisition, liquidation or other similar process, your Personal Information may be transferred with the business or a part of it, or may be sold as an asset of the business, to the successor organization in such transaction. If material changes to Inventum’s privacy practices will occur as a result of such transaction, you will be notified via prominent notice in our Website of any change in ownership or uses of your Personal Information, as well as choices you may have regarding your Personal Information.

Termination of License Arrangements. Upon the expiration or a termination of any third-party license arrangement involving one or more parts of the Website, your Personal Information may be transferred to the subject third-party licensor in accordance with the terms of the applicable license agreement. In advance of such transfer to a third-party licensor, Inventum will notify you in the manner described in this Privacy Policy.

3. Safety, Security and Legally Required Disclosures

Your Personal Information, and communications you make within the Website, may be accessed and disclosed if we believe that our Website are being used in the commission of a crime, when we believe in good faith that there is an emergency that poses a threat to the safety of you or another person and when necessary either to protect our rights or property including to enforce any applicable terms and conditions, or for us to render the service you have requested.

We may also disclose Personal Information when required by law, regulation, court order, or in response to a subpoena or litigation discovery request, or in the good faith belief that such action is necessary in order to conform to the edicts of the law or comply with a legal process served on us. In addition, we will make any legally required disclosures to government authorities. In addition, we will provide notice to you of any breach of security, confidentiality or unauthorized release of personal or private data in accordance with applicable laws, rules and regulations.

C. Storage of Information and Security

We employ reasonable measures (both online and offline) to protect the security of information we collect from you. Such information is housed in secure databases, equipment and servers located in the United States and/or in other countries. The databases, equipment and servers we utilize may be owned by third-party providers. To prevent unauthorized access, loss, or misuse, maintain data accuracy, and ensure the appropriate use of information, we have put in place physical, electronic, and managerial procedures to safeguard and secure the information we maintain. We use industry-standard technology, such as firewalls, in an effort to protect the confidentiality of your Personal Information. We encrypt your transmission of sensitive information to us via SSL (secured socket layer) protocol in the interest of heightened privacy protection and information integrity.

Although we take reasonable precautions against possible security breaches of our Website, databases, equipment or servers, and records, we cannot guarantee that unauthorized access, hacking, data loss, or other security breaches and factors beyond our control will never take place and result in disclosure of your Personal Information. Accordingly, we disclaim any guarantees, warranties or representations relating to maintenance or nondisclosure of any Personal Information collected from you. We strongly urge you to take reasonable measures at all times (online and offline) to protect your Personal Information.

In addition, while we strive to protect your Personal Information, you should know that information sent over the Internet, whether by e-mail or by using one of our on-line forms, is not necessarily secure against interception. Therefore, we cannot be responsible for such interception and cannot guarantee the security of such information.

We will investigate, attempt to resolve and take all reasonable steps necessary to ensure that your Personal Information and data is treated securely and in accordance with this Privacy Policy.

D. Additional Privacy Policy Terms

1. Opt-Out Provision

In addition to withholding your consent when requested and opting out, and subject to legal and contractual restrictions, you may withdraw your consent to allowing us to use and disclose your Personal Information for the purposes listed below at any time. You may do so by emailing us at legal@inventumventures.com. We will use our commercially reasonable efforts to comply with your request. Please understand that withdrawing your consent may affect your ability to use certain features of the Website.

(a) Receiving Marketing Communications from Us. Receiving commercial electronic messages, including, without limitation, text and email messages, direct social media messages, announcements, newsletters and promotional materials or offers to participate in surveys, campaigns, contests or sweepstakes.

(b) Disclosing Personal Information to Affiliates. Our disclosure of your Personal Information to our Affiliates for marketing purposes.

(c) Disclosing Personal Information to Third Party Service Providers. Our disclosure of your Personal Information to authorized third party service providers for marketing purposes.

2. Your California and Canadian Privacy Rights

Pursuant to Section 1798.83 of the California Civil Code, customers, prospective customers, and visitors of our Website who are residents of the State of California have the right to request certain information regarding its disclosure of Personal Information to third parties for direct marketing purposes. Canadian federal and provincial laws provide a similar right of access. If you are a resident of California or Canada and wish to request such information, please email us at legal@inventumventures.com with “California Privacy Rights” in the subject line.

3. Review, Update, Correct, or Delete Personal Information

To review, update, correct or delete your Personal Information collected by or through our Website, you may also email us at legal@inventumventures.com. We will use commercially reasonable efforts to honor your request.

To have access to your Personal Information, you must provide proof of identification such as full name, street address, city/state and zip/postal code, and/or information about your recent activity on our Website. We reserve the right to deny access to you if we believe there is a question about your identity. In certain situations, we may be unable to provide you with access to all of the Personal Information that we hold about you. Exceptions may include information that is prohibitively costly to provide, information that contains references to other individuals, information that cannot be disclosed for legal, security or commercial proprietary reasons, and information that is subject to solicitor-client or litigation privilege. Moreover, we may still retain an archived copy of your Personal Information in our files as required by law or for legitimate business purposes, including, resolving disputes, enforcing applicable terms and conditions, and for other technical and legal requirements and constraints related to our Website.

If you reside within the European Union, you have the right to ask for a copy of your Personal Information or ask for it to be ported to another provider of your choice. Please note that such a request could be limited to the only Personal Information you provided us with or that we hold at that given time and subject to any relevant legal requirements and exemptions, including identity verification procedures. If you are accessing the Website on behalf of your employer, please first request access to your Personal Information with your employer. Your employer will then be in touch with us with respect to your request.

4. Notification of Changes

We reserve the right to update and change the terms of this Privacy Policy at any time. If we decide to update and materially change the terms of our Privacy Policy, we will post those changes in on the applicable Website, and in the updated Privacy Policy. You should periodically check this Privacy Policy for updates.

By continuing to access or use the Website after we have posted an updated Privacy Policy or have provided you with written notice to you of any material modification to same via email or other method of notification you specify, you are agreeing to be bound by the modified Privacy Policy. If the modified Privacy Policy is not acceptable to you, your only recourse is to cease using the Website.

5. Links to Third Party Websites, Services and Offers

The Website may contain links to other websites, services and/or offers from third parties. We are not responsible for, nor will it be liable to you or any third party for, your interaction with such third parties or the information requests initiated by such third parties or the subsequent use, treatment or dissemination of the information (including any Personal Information) you voluntarily chose to provide to them. You should review the applicable privacy policies and information practices of such third parties carefully before providing Personal Information to them. Moreover, if you have any questions or concerns, you should contact the third party directly.

6. Protection of Children’s Privacy

Inventum is committed to providing special protection for the privacy of children who may use our Website. The Website is not intended for nor directed to children under the age of 13 and we do not knowingly collect, use or retain Personal Information from such children. If we discover that we have inadvertently collected Personal Information from children under the age of 13, we will take all reasonable measures to delete any records of such Personal Information that come to our attention.

If you are a California resident who is under age 18 and you are unable to remove publicly-available Personal Information that you have submitted to us, you may request removal by contacting us using the contact information in the Contact Us section at the bottom of this Privacy Policy. When requesting removal, you must be specific about the information you want removed and provide us with specific information, such as the URL for each page where the information is located, so that we can find it. We are not required to remove any Personal Information that: (a) federal or state law requires us or a third party to maintain; (b) was not posted by you; (c) is anonymized so that you cannot be identified; (d) you do not follow our instructions for removing or requesting removal; or (e) you received compensation or other consideration for providing the Personal Information. REMOVAL OF YOUR PERSONAL INFORMATION FROM THE WEBSITE DOES NOT ENSURE COMPLETE OR COMPREHENSIVE REMOVAL OF THAT PERSONAL INFORMATION FROM OUR SYSTEMS OR THE SYSTEMS OF OUR SERVICE PROVIDERS. We are not required to delete the Personal Information posted by you; our obligations under California law are satisfied so long as we anonymize the Personal Information or render it invisible to other users and the public.

7. Special Note to Parents

If you become aware that your child has provided us with Personal Information, please notify us so that we may delete such information from our records and discontinue any related features or services (see Opt-Out Provision above). We also urge parents to instruct their children never to give out their real names, addresses or phone numbers without parental permission when using the Internet. We appreciate your cooperation in assisting us to provide a safe and enjoyable online experience for your children.

8. Users Outside United States

Inventum is a U.S. company and Inventum’s U.S. business operations are primarily conducted in the State of California, U.S.A. We operate our company and administer this Privacy Policy under applicable U.S. and California laws and regulations. If you use our Website from outside the United States, you are thereby consenting for your Personal Information to be transferred to, stored in and be processed in the United States and/or in other countries by Inventum and/or its Affiliates in the manner described in this Privacy Policy. Your consent to this Privacy Policy followed by your submission of your Personal Information represents your agreement to such transfer, storage and processing of your Personal Information. Furthermore, you acknowledge that the privacy laws of the United States and the State of California may differ from the laws in the country where you are located and may not provide you the same rights or protections for your Personal Information as those laws.

As described elsewhere in this Privacy Policy, when you submit Personal Information to us, the information is housed in secure databases, equipment and servers located in the United States and/or in other countries. The databases, equipment and servers we utilize may be owned by third party providers.

Users in certain jurisdictions may have a right to access his/her Personal Information held by Inventum, its Affiliates or authorized third party service providers. Your right of access to such Personal Information can be exercised in accordance with applicable laws, rules and regulations. Please submit any requests for such access to legal@inventumventures.com and we will respond to such request within the period of time specified under applicable laws, rules and regulations.

9. The General Data Protection Regulation (“GDPR”)

If you reside within the European Union, you may be entitled to other rights under the GDPR. These rights are summarized below. We may require you to verify your identity before we respond to your requests to exercise your rights. If you are entitled to these rights, you may exercise these rights with respect to your personal information that we collect and store:

the right to withdraw your consent to Personal Information processing at any time (please note that this might prevent you from using certain aspects of the Website);
the right of access your Personal Information;
the right to request a copy of your Personal Information;
the right to correct any inaccuracies in your Personal Information;
the right to erase your Personal Information;
the right to data portability, meaning to request a transfer of your Personal Information from us to any other person or entity as chosen by you;
the right to request restriction of the processing of your Personal Information; and
the right to object to processing of your Personal Information.

You may exercise these rights free of charge. These rights will be exercisable subject to limitations as provided for by the GDPR. Any requests to exercise the above listed rights may be made to: legal@inventumventures.com.

If you reside within the European Union, you have the right to lodge a complaint with a Data Protection Authority about how we process your Personal Information at the following website: https://edpb.europa.eu/about-edpb/board/members_en.

If you live in the European Union, the data controller for the information you provide or that we collect is: Inventum Ventures LLC, 1968 S. Coast Hwy, Suite 3055, Laguna Beach, CA 92651, U.S.A.

10. Language

The controlling language of this Privacy Policy is English. If you have received a translation into any other language, it has been provided for your convenience only. The English version of this Privacy Policy shall govern to the extent of any inconsistency between the English version and any translated version.

11. Do Not Track. We do not respond to DNT (Do Not Track) signals.

12. Contact Us

If you have any questions, inquiries, requests, complaints, or comments regarding this Privacy Policy, or have other questions or suggestions about our information practices, including our practices respecting the storage and processing of Personal Information, please contact us via e-mail at legal@inventumventures.com.