Privacy Policy

INTRODUCTION

This Website (herein defined) informs Users of the Company’s policies regarding the collection, use and disclosure of data received from Users of the Website. By using the Website, Users agree to the collection and use of their Data in accordance with this Privacy Policy.

This Privacy Policy explains how the Company collects, uses, discloses, and safeguards User Data when visiting the website including any other media form, media channel, or mobile application related or connected thereto (the “Platforms”). Please read this privacy policy carefully. If you do not agree with the terms of this privacy policy, please do not access the site.

The Company reserves the right to make changes to this Privacy Policy at any time and for any reason. The Company shall alert Users about any changes on the Website by updating the “Last Updated” date of this Privacy Policy. Any changes or modifications will be effective immediately upon posting the updated Privacy Policy on the Site, and Users waive the right to receive specific notice of each such change or modification.

1. DEFINITIONS

“Company” means Purple Proptech Limited.

“Website” means the virtual electronic investment platform, with the Uniform Resource Locator (URL) purple.xyz, created and owned by the Company for the sale, purchase and on the Website.

“User(s)” means any person accessing the Website.

“Agency” means the National Information Technology and Development Agency.

“Terms of Use” means the Terms of Use displayed on the Website which govern the User’s access to and use of the Website.

2. DATA COLLECTION

The collectable information which the Company may obtain from Users of this Website includes;

a) Personal Data, such as your name, shipping address, email address, and telephone number;

b) Derivative Data, which includes Information automatically collected by the Website server when a User accesses the Website, such as Internet Protocol (“IP”) address, browser type, operating system, access times, and the pages visited directly before and after accessing the Website, activities carried out on the Website, product decisions, etc;

c) Financial Data, such as data related to User’s payment method (e.g. valid credit card number, card brand, expiration date etc.) that the Company may collect when a User purchases, orders, returns, or exchanges a product or service on the Website. The Company stores only very limited, if any, financial information that is collected. Otherwise, all financial information is stored by the Company’s third-party payment processors and Users are encouraged to review the Privacy Policies of the third-party payment processors from time to time.

3. CONSENT

a) By accessing and continuing to browse or otherwise utilize the Website, you hereby agreed to the terms of the Privacy Policy.

b) You will also be required to consent to the Privacy Policy when you create an account for the purpose of making orders for products or services on the Website.

4. GENERAL PROVISIONS

a) This Policy applies to all Personal Data, Derivative Data and Financial Data (collectively referred to as “Data”) collected and processed by the Company.

b) The Company shall appoint a Data Protection Officer, who will be responsible for the Company’s ongoing compliance with this policy and the Company shall owe a duty of care to the Data Subject.

c) The Company shall be responsible for the actions or inactions of third parties who process your Personal Data on the Company’s behalf.

d) This Policy shall be reviewed from time to time as the Company may deem appropriate. Where the Company reviews this privacy policy, the amended privacy policy will be posted on the Platforms for your acceptance and you will be required to accept such changes prior to your continued use of the Platforms.

e) The Data will be processed on one or more of the following legal grounds:

i) you have given consent to the processing of your Personal Data for the purposed specified in this Privacy Policy;

ii) the processing is necessary for the performance of the contractual obligations in our Terms of Use and in order to provide services in relation to the Website;

iii) the processing is necessary to ensure compliance with the Company’s legal obligations;

iv) the processing is necessary in order to protect your vital interests or that of any other individual; or

v) the processing is necessary in the public interest.

5. USE OF DATA COLLECTED

Having accurate information permits the Company to provide Users with a smooth, efficient, and customized experience. The Company will ensure that the Data collected will be processed with the clear, unambiguous and unequivocal consent of the User. Specifically, Data collected from Users through the Website may be used to:

a) process user orders/purchases, payments, refunds, exchanges etc;

b) comply with a legal obligation to which the Company is subject, or for the legitimate interests pursued by the Company or a third party to whom it may be necessary to disclose your Personal Data;

c) administer sweepstakes, promotions and contests;

d) compile anonymous statistical data analysis for use internally or by third parties;

e) create and manage your account

f) deliver targeted advertising, coupons, newsletters and other information regarding promotions on the Website;

g) enable user-to-user communications;

h) notify you of updates to the Website;

i) offer new products, services, [the Company’s mobile applications,] and/or recommendations to Users;

j) request feedback and contact Users about the use of the Platforms

k) resolve disputes and troubleshoot problems; and

l) respond to product and customer service requests.

6. TRANSFER OF DATA COLLECTED

a) The Company may share your Data with third parties who provide services to us or on our behalf.

b) The Company shall ensure that third parties to whom Data is transferred put in place adequate policies and processes to ensure the security and protection of your Data.

c) The Company may transfer your Data to third parties in foreign countries where any of the following conditions apply:

i) the foreign country has been designated by the Agency as a country with an adequate level of protection;

ii) you have expressly consented to the transfer of your Data to the foreign country. The Company shall seek your consent by updating this Privacy Policy and notifying you of the update;

iii) the transfer is necessary for the conclusion or performance of a contract entered into in your interest;

iv) the transfer is necessary for reasons of public interest; or

v) the transfer is necessary for the establishment, exercise or defence of a legal claim.

d) In all cases where your Data is to be transferred to a foreign country, apart from the provision in 5 (c) (v), the Company shall inform you if there are any risks that your rights may be violated in the event of transfer to the foreign country.

7. SECURITY OF DATA

a) The Company uses administrative, technical, and physical security measures to help protect your Data. While the Company has taken reasonable steps to secure the Data provided, you should please be aware that despite the Company’s efforts, no security measures are perfect or impenetrable, and no method of data transmission can be guaranteed against any interception or other type of misuse. Any information disclosed online is vulnerable to interception and misuse by unauthorized parties. Therefore, the Company cannot guarantee complete security of Data collected and processed.

b) It is however important for you to protect your password and any devices used to access your account in order to prevent unauthorized access to your account.

8. YOUR RIGHTS

a) You have the right to access, edit and rectify certain Data collected by the Company, through your account settings. You may also contact the Company directly to request information on how to access, edit or rectify such Data.

b) You have the right to delete certain Data through your account settings, except Personal Data which the Company is legally required to retain. You may also delete your account or issue a notice to the Company requesting the deletion of your account.

c) In certain cases where the Company processes your Data, you may also have the right to restrict, limit or object to the processing of your Data in certain ways or for certain specified purposes. This can be done by giving a notice to the Company or through specific features provided on the Website for that purpose.

d) Where Data is processed based on your consent, you have the right to withdraw your consent to the processing of Data for that specified purpose either by issuing a notice to the Company or through specific features provided on the Website for that purpose. For example, you will be entitled to withdraw your consent to the processing of your Data for marketing purposes and may opt-out/unsubscribe from marketing emails.

e) You have the right to lodge complaints with the Company in relation to any issue arising out of or in connection with the Privacy Policy and the collection, processing and storage of your Data.

9. RETENTION, ARCHIVING AND REMOVAL OF DATA

User Account Data

Upon your request to delete your account, the Company shall deactivate or delete your account and erase your Data from its active databases. However, some Data may be retained for the prevention of fraud, to troubleshoot problems or assist with any investigations, enforce the Company’s Terms of Use and/or comply with legal requirements.

Data Retention

The Company shall keep your Data for as long as it is required in order to fulfil its obligations under the Terms of Use and its general obligations in relation to providing access to and continued operations of the Website and as may be required by law

Archiving

To ensure that Personal Data is kept for no longer than necessary, the Company shall put in place an archiving policy for each area in which Personal Data is processed and review this process annually. The archiving policy shall consider what data should/must be retained, for how long, and why.

10. BREACH

In the event of a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to, Personal Information, the Company shall promptly assess the risk to your rights and freedoms, and where appropriate, report such breach to the relevant authorities.

11. HOW YOU CAN REACH US

If you would like to ask about, make a request relating to, or complain about how the Company processes your Data, you can contact the Company by email or at one of the addresses below;

Purple Real Estate Income Plc

[ 10 Da Silva Street, Lekki Phase 1 Lagos]

[ 09081787753]

[purple.xyz]