TERMS OF SERVICE

TimeExchanges.com

Effective Date: June 1, 2025

Please read these Terms of Service (“Terms”) carefully before using TimeExchanges.com (the “Platform”), which is owned and operated by TimeExchanges, an Illinois S Corporation (“TimeExchanges,” “we,” “us,” or “our”). By creating an account or using the Platform in any way, you (“Member” or “you”) agree to be bound by these Terms. If you do not agree, do not use the Platform.

TimeExchanges is a community time-exchange platform that enables individuals, organizations, and businesses to offer and receive services by exchanging time credits. Time credits and debits are denominated in hours and minutes, in the same way that a dollar-based checking account is denominated in dollars and cents.

TimeExchanges facilitates connections between Members but is not a party to any transaction between them. We do not provide, guarantee, or supervise any service exchanged on the Platform.

Membership on TimeExchanges is free and open to:

• Individuals who are at least 18 years of age;

• Organizations, including nonprofits, libraries, schools, civic groups, and associations; and

• Businesses of any size or structure.

By registering, you represent that (a) the information you provide is accurate and complete, (b) you have the legal capacity to enter into these Terms, and (c) if registering on behalf of an organization or business, you are authorized to do so.

A Member may register another individual on the Platform by submitting that person’s name, email address, and zip code and affirming that the person has consented to registration. By submitting another person’s information, the registering Member represents and warrants that they have obtained that person’s prior consent. Upon registration, TimeExchanges will send the newly registered person an email notifying them that an account has been created in their name, identifying the Member who registered them, and providing a link to cancel the account immediately if they did not consent or do not wish to participate.

Invitations and registrations by Members do not create any obligation on TimeExchanges and do not confer any special status on the registering Member.

3.1  Credits Are Not Contractual Obligations

Time credits and debits recorded on the Platform are not contractual obligations. They reflect a relationship of trust and goodwill among Members. No Member is legally required to provide or accept services in exchange for time credits, and TimeExchanges makes no guarantee that any credit balance will be redeemable at any particular time, for any particular service, or at all.

A Member who has accumulated time credits holds no enforceable claim against TimeExchanges or any other Member solely by virtue of that credit balance.

3.2  TimeExchanges Does Not Set the Value of Time

TimeExchanges does not establish, endorse, or guarantee any particular exchange rate or dollar equivalent for time credits. The terms of every transaction — including the number of time credits exchanged and any agreed dollar-equivalent value — are set solely by the parties to that transaction. Where a third party (such as a government entity issuing an RFP) specifies a dollar-equivalent value for credits, that specification is the third party’s, not ours.

3.3  Credits Are Not Money

Time credits are not currency, legal tender, a stored-value instrument, a security, or a money-market instrument. They may not be sold, transferred for cash, or redeemed for cash from TimeExchanges. Credits exist solely to facilitate voluntary service exchanges between Members.

3.4  Account Balances

TimeExchanges maintains records of time-credit balances as a convenience to Members. These records are informational only. TimeExchanges reserves the right to correct errors in records and is not liable for any loss arising from an inaccurate balance record.

By using the Platform, you agree to:

• Interact with other Members honestly, respectfully, and in good faith;

• Accurately describe any service you offer;

• Honor commitments you make to other Members to the best of your ability;

• Promptly communicate if you are unable to fulfill a commitment; and

• Comply with all applicable federal, state, and local laws in connection with any service you provide or receive.

You agree not to:

• Use the Platform for any unlawful purpose or to facilitate any illegal transaction;

• Offer or request services that are dangerous, fraudulent, or prohibited by law;

• Harass, threaten, or abuse any other Member;

• Post false, misleading, or defamatory content;

• Attempt to manipulate credit balances through fraudulent means;

• Use automated tools to access the Platform without our written consent; or

• Impersonate another person, organization, or business.

4.1  False Consent Attestation

Registering another person on the Platform without that person’s actual prior consent — or falsely affirming that such consent has been obtained — is a serious breach of these Terms. A Member who does so is solely responsible for any harm, claim, or liability arising from that registration, and TimeExchanges expressly disclaims all responsibility for any consequences of an unauthorized registration.

A Member found to have falsely attested to another person’s consent is subject to immediate account termination without notice, at TimeExchanges’s sole discretion, and may be held liable to the affected individual and to TimeExchanges for any resulting damages.

TimeExchanges is a platform, not a principal. When you arrange or complete a service exchange with another Member:

1. The agreement is solely between you and the other Member. TimeExchanges is not a party to that agreement and assumes no responsibility for its performance.

2. You assume all risk associated with the services you provide or receive, including risk of personal injury, property damage, or financial loss.

3. You are responsible for verifying any credentials, qualifications, licenses, or insurance required for a service before engaging another Member.

4. TimeExchanges does not vet, screen, background-check, license, or endorse any Member or any service offered on the Platform.

5. Any dispute arising from a transaction is between the Members involved. TimeExchanges may, in its sole discretion, assist in facilitating communication between disputing Members, but has no obligation to do so and no authority to compel any outcome.

Members are solely responsible for determining and satisfying their own tax obligations in connection with services exchanged on the Platform. TimeExchanges does not provide tax advice.

Where the IRS or applicable law requires a third party (such as an employer or government entity) to issue tax forms (e.g., Form 1099-NEC) reporting the fair market value of services received by a Member in exchange for time credits, that obligation rests with the third party, not with TimeExchanges, unless TimeExchanges is separately required by law to report.

Members are encouraged to consult a qualified tax professional regarding the treatment of time-credit transactions under federal, state, and local tax law.

Your use of the Platform is also governed by our Privacy Policy, which is incorporated into these Terms by reference. By using the Platform, you consent to the collection and use of your information as described in the Privacy Policy.

Member profiles, including names and general service offerings, may be visible to other Members. Do not post sensitive personal or financial information in your profile or in messages.

The TimeExchanges name, logo, website design, and platform software are owned by TimeExchanges and protected by applicable intellectual property laws. You may not reproduce, distribute, or create derivative works from any TimeExchanges materials without our prior written consent.

Content you post on the Platform (such as service descriptions or profile information) remains yours. By posting it, you grant TimeExchanges a non-exclusive, royalty-free license to display and use that content for the purpose of operating and promoting the Platform.

TimeExchanges may suspend or terminate your account at any time, with or without notice, if we believe you have violated these Terms, engaged in harmful conduct toward other Members, or acted in a manner inconsistent with the spirit of community exchange.

You may close your account at any time by editing your profile and clicking the “Cancel your account” button. Upon closure, your personal information will be deleted or anonymized as described in our Privacy Policy, and your credit balance will be forfeited, as balances carry no cash value and cannot be transferred.

TimeExchanges reserves the right to discontinue the Platform at any time. In such an event, we will provide reasonable notice to Members, and all credit balances will be retired with no compensation owed.

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. TIMEEXCHANGES DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

TIMEEXCHANGES DOES NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. TIMEEXCHANGES DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY MEMBER-GENERATED CONTENT.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TIMEEXCHANGES AND ITS OWNERS, OFFICERS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO YOUR USE OF THE PLATFORM OR ANY TRANSACTION CONDUCTED THROUGH IT, INCLUDING BUT NOT LIMITED TO PERSONAL INJURY, PROPERTY DAMAGE, LOSS OF DATA, OR ECONOMIC LOSS.

IN NO EVENT SHALL TIMEEXCHANGES’S TOTAL LIABILITY TO YOU FOR ANY CLAIM EXCEED ONE HUNDRED DOLLARS ($100.00).

Some jurisdictions do not allow the exclusion or limitation of certain damages. In such jurisdictions, the above limitations apply to the fullest extent permitted by law.

You agree to indemnify, defend, and hold harmless TimeExchanges and its owners, officers, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Platform; (b) any service you provide or receive through the Platform; (c) your violation of these Terms; or (d) your violation of any applicable law or the rights of any third party.

These Terms are governed by and construed in accordance with the laws of the State of Illinois, without regard to its conflict-of-law principles.

Any dispute arising out of or relating to these Terms or the Platform that cannot be resolved informally shall be submitted to binding arbitration in Cook County, Illinois, under the rules of the American Arbitration Association then in effect. The arbitrator’s decision shall be final and may be entered as a judgment in any court of competent jurisdiction. Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in a court of competent jurisdiction to prevent irreparable harm.

CLASS ACTION WAIVER: You agree that any dispute will be resolved on an individual basis and not as part of a class action, collective action, or representative proceeding.

TimeExchanges may update these Terms from time to time. When we do, we will post the revised Terms on the Platform with an updated effective date and, where the changes are material, provide notice to registered Members by email or through the Platform. Your continued use of the Platform after notice constitutes your acceptance of the revised Terms.

If you do not agree to the revised Terms, your sole remedy is to close your account.

15.1  Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and TimeExchanges with respect to the Platform and supersede all prior agreements and understandings.

15.2  Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.

15.3  No Waiver

Our failure to enforce any right or provision of these Terms will not constitute a waiver of that right or provision.

15.4  No Agency

Nothing in these Terms creates any agency, partnership, joint venture, or employment relationship between you and TimeExchanges.

15.5  Assignment

You may not assign your rights or obligations under these Terms without our prior written consent. TimeExchanges may assign its rights and obligations without restriction.

15.6  Force Majeure

TimeExchanges is not liable for any delay or failure to perform resulting from causes beyond our reasonable control, including natural disasters, power failures, internet outages, or acts of government.

Questions, concerns, or notices regarding these Terms may be directed to:

Barry Koren

TimeExchanges

Email: barry@timeexchanges.com

Cell: (708) 655-8833

Website: www.TimeExchanges.com

By using TimeExchanges.com, you acknowledge that you have read, understood, and agree to these Terms of Service.