Membership Agreement

1. MEMBER IN GOOD STANDING. Member agrees to be contacted by FS-ISAC for the purpose of verifying (1) the existence of the company; (2) accuracy of address and physical location; (3) the applying individual is a valid employee of the applicant company with authority to bind the Member; and (4) the applicant company is a member in good standing of a recognized industry trade association or is duly licensed or registered with the applicable regulatory body. Member agrees to promptly, notify the FS-ISAC if Member becomes aware that its eligibility status has changed.

2. PAYMENT. As payment for the Services, Member will pay to FS-ISAC the fees as described in the Order Documents (collectively, the “Fees”). Payment will be made by credit card, ACH or wire bank transfer, or Purchase Order. Purchase Order or PO# information must be provided at time of Agreement. FS-ISAC does not sign Purchase Orders and PO payment terms may not supersede payment terms in Order Documents. By providing credit card or bank account information to FS-ISAC, Member authorizes FS-ISAC to charge the credit card or debit the account indicated for Annual Fees. Member understands that this authorization will remain in effect until the Termination or until Member cancels the authorization in writing at least 30 days prior to renewal date. Member agrees to notify FS-ISAC in writing of any changes in account information at least 30 days prior to the next billing date. Unless otherwise set forth in the Agreement, all Fees are due annually in advance and are not cancelable or refundable with the first annual payment is due as a deposit at the time of execution of the Member Agreement. Member has 30 days to comply with payment method agreed upon. If any Fees remain unpaid for more than thirty (30) days after the due date thereof, FS-ISAC may suspend provision of all or part of the Services until such unpaid amounts are paid in full. All Fees are stated in U.S. Dollars. Upon at least sixty (60) days prior written notice to Member, FS-ISAC may change the Fees for a renewal term.

3. TAXES. All Fees are exclusive of all present and future sales, use, excise, value added, goods and services, withholding and other taxes, and all customs duties and tariffs now or hereafter claimed or imposed by any governmental authority upon the Offerings which shall be invoiced to and paid by the Member. Any required taxes that are known to FS-ISAC at the time of Agreement are shown on the Order Documents. If Member is required by law to make any deduction or withholding on any payments due to FS-ISAC, Member will notify FS-ISAC and will pay FS-ISAC any additional amounts necessary to ensure that the net amount FS-ISAC receives, after any deduction or withholding, equals the amount FS-ISAC would have received if no deduction or withholding had been required. Additionally, Member will provide to FS-ISAC evidence, to the reasonable satisfaction of FS-ISAC, showing that the withheld or deducted amounts have been paid to the relevant governmental authority.

4. TERM AND TERMINATION. This Agreement is effective upon execution of the Agreement and Member understands that this authorization will remain in effect unless terminated by either party or until Member cancels the authorization in writing at least 30 days prior to renewal date. Member may terminate this Agreement without cause 30 days prior to renewal date.

5. SYSTEM. Member understands that FS-ISAC will have periodic downtime, although FS-ISAC will use reasonable commercial efforts to minimize downtime and the duration of each instance of downtime.

6. ASSIGNMENT. Neither party may assign this Agreement, or its rights and obligations hereunder, without the prior written consent of the other party except that Member may assign this Agreement or any rights or obligations hereunder to a parent, subsidiary or affiliate upon written notice to FS-ISAC. This Agreement shall be binding upon, and inure to the benefit of, the parties and their respective successors and permitted assigns.

7. OPERATING RULES AND EULA: Members agree to the terms and conditions of this Agreement, the FS-ISAC Operating Rules, and the End-User License Agreement (collectively, the "Rules"). The Rules are incorporated into this Agreement by reference herein and FS-ISAC reserves the right to revise such Rules from time to time. The Member and its agents may not modify or waive any term of this Agreement.

8. NOTICES; NOTIFICATION OF CHANGES. Any notice required or permitted to be given under this Agreement shall be given in writing and shall be hand delivered, sent by certified or registered mail or sent by overnight courier service to the (a) Member as set forth in this Agreement, or at such address or e-mail address as it may have specified in writing to the FS-ISAC, and (b) to FS-ISAC at the below address or at such location as FS-ISAC shall have specified in writing to Member as its principal office.

FS-ISAC, Inc. - ATTN: Member Services
12120 Sunset Hills Road, Suite 500
Reston, VA 20190 United States
Email: admin@fsisac.com

9. INDEPENDENT CONTRACTORS. Nothing in this Agreement shall make FS-ISAC and Member partners, joint ventures or otherwise associated in or with the business of the other. The Member is and shall always remain an independent contractor. Neither party shall be liable for any debts, accounts, obligations or other liabilities of the other party, its agents or employees. The parties are not authorized to incur debts or obligations of any kind, on the part of or as agent for the other except as may specifically be authorized in writing.

10. ENTIRE AGREEMENT. The provisions of this Agreement, including all documents incorporated herein by reference, such as the Rules, constitute the entire agreement between the parties and supersede all prior agreements and understandings relating to the subject matter hereof.