Earn money by purchasing
inventory for brands.

Our mission is simple. We allow everyday people to accumulate wealth by purchasing inventory for private brands.

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Faq

Who is on Orry?

Brands: Consumer Product Businesses who present the public the opportunity to purchase inventory and earn a consignment income if the purchased inventory sells.

Buyers: People who crowdfund the purchase of consignment inventory for a Orry Brand and can promote the brand and sell the inventory

What is on Orry?

Brands: Buyers’ individual stores where they can sell consignment inventory and earn commission and preferential payments from such sales.

Co-Ops: Short for Consignment Opportunities. These represent consignment agreements proposed by Brands to the Buyers of the Orry community. Under these agreements, Brands present certain products for purchase and resale as consignment inventory. When the consignment inventory sells, the Buyers earn income.

Orry Store: Orry's company store, which offers Brands’ products for sale.

Why we do what we do:

Brands need to pay suppliers upfront to keep products in stock and also need to market their brand. Buyers want to participate in the retail market without tremendous barriers to entry. By working together, both groups get a better deal.

How everything is done:

Cost Price: The price the Brands pay to acquire the inventory and the price at which it is purchased on Orry

Consignment Income: The money Buyers earn as the Product Packs they purchased sell on consignment.

Consignments: Products shipped to a Brand who pays only for what is sold and who returns what is unsold

Duration: The amount of time a Brand estimates it will require to produce and receive inventory, sell it, and provide a full payout to complete the Co-Op.

Product “Packs”: Co-Ops are made up of individual packs of the specific products the Brands want to sell. Buyers participate in Co-Ops by purchasing the number of Packs they want.

Reservation: An agreement to purchase a pack of inventory, provided the purchasing threshold is reached. Previously, “Claim”. A Reservation remains a Reservation until 100% of the Co-Op has been reserved, at that time, Orry aggregates all reservation into a Purchase Order and issues that Purchase Order to the Brand or supplier. Now, all those Reservations are active Consignments.

Option Price: The Cost Price of the product + the Orry Fee + the income offered to Buyers. The Option Price multiplied by the quantity of each product determines the total amount  Brands must pay to complete the Co-Op.

Revenue Share Price: This is the dollar amount Brands agree to pay for each product sale made. This number is always greater than the Option Price and this is why Orry Co-Ops are always scheduled to be completed prior to all of the inventory being sold.

Percentage Sold for Completion: This ratio between the Option Price to the Revenue Share Price represents what portion of the purchased inventory that must be sold in order for the Co-Op to complete and the buyers to receive their profit.

Brand Sales: Brands must make a monthly sales report and pay the Revenue Share Price for each unit sold. These payments are divided amongst Buyers based on the number of product packs they purchased.

Payout Dates: Every Co-Op has a schedule of payout dates. On each of these dates, the Brand is obligated to report on inventory levels, and provide payment in the amount of the revenue share price for any product sold, damaged or destroyed during the period covered by the payout date. These payout dates continue on a monthly basis until the Co-Op is completed or cancelled.

Payout - The distribution of revenue share to the Buyers from a consignment sales update.

Update - Short for “Inventory Update”, the requirement that Brands have to provide a monthly accounting of current inventory levels.

Basically

For additional information, or if you have any questions regarding our terms of us or our privacy practices at Orry, please submit your questions or comments directly to us via email [email protected]. Any personal information you submit will be used solely to respond to your requests.

Terms

Purchase – You agree that by making a consignment purchase you are agreeing to purchase a pack size of the total Consignment Opportunity in the event that the total consignment goal amount is reached.

Agency – Upon the success of a Consignment Opportunity, you agree that Orry, Inc. d/b/a/ Orry will represent you and the other buyers as your agent to aggregate the purchases onto one purchase order and make the purchase with the supplier or business. In addition, you agree that Orry, Inc. d/b/a Orry will negotiate the consignment agreement with the retailer or business you selected according to the terms proposed in the Opportunity. You further agree that certain decisions regarding the Opportunity including, but not limited to, cancellation of the Opportunity and how to liquidate inventory will be made by the buyers, collectively, based on a majority vote weighted by initial dollar purchase by each buyer or Orry. You agree to be bound by this decision.

Involvement - You agree to be involved in the sales/marketing process for the goods you purchased. Our site offers functionality to facilitate this. For each Consignment Opportunity you purchase into, you should share your products via email, Twitter, or Facebook.

Due Diligence - You agree to do your own due diligence prior to contributing in any Consignment Opportunities. You further acknowledge and accept that, while Orry may partake in its own due diligence prior to the launch of any Consignment Opportunity, you will not rely on such due diligence and you understand that the only user-facing claims Orry verifies are those contained in the credibility metrics. You agree to not hold Orry liable for any false or unverified statements made by businesses on the platform or other users.

Repayment – You agree to empower Orry Inc., d/b/a Orry. as your agent in order to collect the consignment payment from the consignee and distribute the revenue according to the initial contribution size. You further agree that Orry may deduct its expenses from such consignment payments prior to distributing them to you.

Insurance – If needed, you agree to empower Orry Inc., d/b/a Orry to acquire insurance at a fair market rate in order to protect the goods on your behalf.

Cancellation – In the event that a Consignment Opportunity you purchased is cancelled, you agree to participate in a vote or multiple votes to determine how to proceed. You will receive an email with a link to vote on your options. The majority vote, weighted by initial dollar purchase, will decide the next steps, and, if applicable, the next markdown percentage. Orry reserves the right to remove your right to vote for such cancellations or any other options requiring such a vote.

Employees of Co-Op businesses, family members of employees of Co-Op businesses, or equity investors in of Co-Op businesses shall not contribute to any Co-Ops for such businesses. Should such individuals make such contributions, Orry reserves the right to remove your right to vote for such cancellations or any other options requiring such a vote and reweight voting rights accordingly.

The Orry team estimates the value of inventory from cancelled Co-Ops from time to time. These valuations are provided for reference and are only estimates not actual values, promised amounts, or claimed losses. These values may change from time to time as the cancellation progresses with each Co-Op and new information arises. All valuations are only estimates and Orry takes no responsibility for the accuracy of any valuations given. You should not rely on the values given for any accounting, tax, or legal purposes.

Liquidation or Orry Sale Profits – If Consignment Inventory, for an Consignment Opportunity you purchased into, is seized and liquidated, or sold through the Orry Store or any other means, Orry will provide you with payment from such sales up to the the amount you would have been entitled to if the Consignment Opportunity would have succeeded. Orry reserves the right to apply any proceeds from any such sales to any and all costs related to the sale incurred by Orry first before providing the remainder of the proceeds to buyers. You agree to allow Orry to retain any proceeds from the sale of Consignment Inventory exceeding the maximum amount you would have received if the Consignment Opportunity succeeded in order to help defray Orry's added administrative costs relating to Consignment Opportunity termination and sale of Consignment Inventory.

Payment – You agree to pay Orry Inc., d/b/a Orry a 1.5% service fee (in addition to any Insurance acquired that will be deducted from the revenue upon sale of your consigned goods and/or a service fee for any withdrawals of funds from the Orry platform.

One User Account Per Individual – each individual shall only be allowed one Orry Buyer Account. Should Orry become aware of any individual with more than one account, Orry reserves the right to consolidate that individual Buyer’s accounts into one Buyer Account and remove any offer keys or other benefits that individual received for the additional accounts.

Buyer Account Balance – You authorize Orry to make adjustments to your account balance, from time to time, in order to ensure your balance accurately reflects the funds in your account, claims made, paybacks received, and refunds issued. You further acknowledge that, on rare occasions, such accounting adjustments could make you account balance negative and you authorize Orry to make such adjustments regardless.

Orry, Inc. DBA Orry reserves the right, without providing compensation, to cancel, rescind, or otherwise dishonor any bonuses or credits given to or received by you if such bonuses or credits are not used or redeemed on the platform within thirty (30) days after the issuance of such bonuses or credits.

By entering into this agreement or using our website, you agree to the terms of service of SynapsePay (our banking software provider) found which are incorporated herein by reference.

USER AGREEMENT

The following are terms of a legal agreement (the "Agreement") between you and Orry Inc., d/b/a Orry ("Orry") that sets forth the terms and conditions for your use of this web site (the "Site"). The Site is owned and operated by Orry Inc., d/b/a Orry. This Site is being provided to you expressly subject to this Agreement. By accessing, browsing and/or using the Site, you acknowledge that you have read, understood, and agree to be bound by the terms of this Agreement and to comply with all applicable laws and regulations. The terms and conditions of this Agreement form an essential basis of the bargain between you and Orry.

Orry reserves the right to amend this Agreement at any time and will notify you of any such changes by posting the revised Agreement on the Site. You should check this Agreement periodically for changes. All changes shall be effective upon posting. Your continued use of the Site after any change to this Agreement constitutes your agreement to be bound by any such changes. Orry may terminate, suspend, change, or restrict access to all or any part of this Site without notice or liability.

The use of the Site is permitted only by humans. Any accounts registered by or utilizing “bots” or other automated methods will be disabled.

LIMITATIONS OF USE

The copyright in all material on this Site, including, without limitation, the text, data, articles, design, source code, software, photos, images and other information (collectively the "Content"), is held by Orry Inc., d/b/a Orry or by the original creator of the material and is protected by U.S. and International copyright laws and treaties. You agree that the Content may not be copied, reproduced, distributed, republished, displayed, posted or transmitted in any form or by any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the express prior written consent of Orry. You acknowledge that the Content is and shall remain the property of Orry. You may not modify, participate in the sale or transfer of, or create derivative works based on any Content, in whole or in part. The use of the Content on any other Site, including by linking or framing, or in any networked computer environment for any purpose, is prohibited without Orry's prior written approval. You also may not, without Orry's express written permission, "mirror" any material contained on this Site on any other server. Any unauthorized use of any Content on this Site may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications statutes and regulations. You agree to use the Content and Site only for lawful purposes. You are prohibited from any use of the Content or Site that would constitute a violation of any applicable law, regulation, rule or ordinance of any nationality, state, or locality or of any international law or treaty, or that could give rise to any civil or criminal liability. Any unauthorized use of the Site, including but not limited to unauthorized entry into Orry's systems, misuse of passwords, or misuse of any information posted on the Site is strictly prohibited. Orry makes no claims concerning whether the Content may be downloaded or is appropriate for use outside of the United States. If you access this Site from outside of the United States, you are solely responsible for ensuring compliance with the laws of your specific jurisdiction. Your eligibility for particular products or services is subject to final determination by Orry.

Members of the Orry community must be U.S. Residents that are eighteen (18) years of age or older. Individuals under the age of 18 or outside of the United States are not eligible to participate in the offerings on this website.

CONTENT AND USE RESTRICTIONS

You agree not to post, upload, publish, display, transmit, share, store or otherwise make or attempt to make publicly available on the Site or on any other website, or in any email, blog, forum, medium or other communication of any kind, any private or personally identifiable information of any Orry member or other third party, including, without limitation, names, addresses, phone numbers, email addresses, Social Security numbers, driver's license numbers, or bank account or credit card numbers, whether or not such private or personally identifiable information is displayed on or ascertainable from the Site, or obtained or obtainable from sources unrelated to the Site (such as from a "Google® search" or other online research).

You agree to not to use the Site or any Content to upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, "junk mail," "spam," "chain letters," "pyramid schemes," or any other form of commercial or non-commercial solicitation or bulk communications of any kind to any Orry member or other third party. In order to protect Orry members from such advertising or solicitation, Orry reserves the right to restrict the number of emails which a member may send to other members in any 24-hour period to a number which Orry deems appropriate in our sole discretion. Directly contacting more than ten (10) Orry members with a materially identical message within a 24-hour period is presumed to be spam and a violation of this Agreement.

TRADEMARKS

Orry Inc., d/b/a Orry (including the Orry logo), Kickfurther.com, and all related logos (collectively the "Orry trademarks") are trademarks or service marks of Orry Inc., d/b/a Orry. Other company, product, and service names and logos used and displayed on this Site may be trademarks or service marks owned by Orry or others. Nothing on this Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any of the Orry trademarks displayed on this Site, without our prior written permission in each instance. You may not use, copy, display, distribute, modify or reproduce any of the trademarks found on the Site unless in accordance with written authorization by us. Orry prohibits use of any of the Orry trademarks as part of a link to or from any site unless establishment of such a link is approved in writing by Orry in advance. Any questions concerning any Orry Trademarks, or whether any mark or logo is a Orry Trademark, should be referred to [email protected]

LINKS TO THIRD-PARTY SITES

This site may contain links to web sites controlled, owned, and operated by third parties (the "third-party sites"). Orry cannot control and has no responsibility for the accuracy or availability of information provided on the third-party sites. You acknowledge that use of any third-party sites is governed by the terms of use for those websites, and not by this Agreement. Links to third-party sites do not constitute an endorsement or recommendation by Orry of such sites or the content, products, advertising or other materials presented on such sites, but are only for your convenience and you access them at your own risk. Such third-party sites may have a privacy policy different from that of Orry and the third-party site may provide less security than this Site. Orry is not responsible for the content of any third-party web sites, nor does Orry make any warranties or representations, express or implied, regarding the content (or the accuracy of such content) on any third-party web sites, and Orry shall have no liability of any nature whatsoever for any failure of products or services offered or advertised at such sites or otherwise.

CONSENT TO DOING BUSINESS ELECTRONICALLY

As part of your participation on the Orry platform, you may occasionally receive disclosures, notices, documents and information ("Communications") from Orry or our respective agents (collectively, "we" or "us"). We can only give you the benefits of our service by conducting business through the Internet, and therefore we need you to consent to our giving you Communications electronically. This section informs you of your rights when receiving Communications from us electronically.

Electronic Communications. You agree that all Communications from us, and our respective agents relating to your use of the Orry platform may be provided or made available to you electronically by e-mail or at our website. If you consent, you still have the right to receive a free paper copy of any Communication by contacting us in the manner described below. We may discontinue electronic provision of Disclosures at any time in our sole discretion.

Scope of Consent. Your consent to receive Communications and do business electronically, and our agreement to do so, applies to all of your interactions and transactions through the Orry platform.

Hardware and Software Requirements. To access and retain the Communications electronically, you will need to use a computer with Internet Explorer 9.0 or above, Firefox 3.0 or above, or similar software, Adobe Acrobat and hardware capable of running this software. You acknowledge that you can access the electronic Communications in the designated formats described herein.

Mobile Technology. If you are accessing our site electronically through a mobile device, such as a tablet, smartphone or similar device, you must be able to print and save the transmitted Communications. You can find apps that support printing and saving for most mobile devices through your mobile device’s app store. If your mobile device does not have this functionality, you must access our website through alternate means that provide you with the ability to print and save the Communications.

Withdrawing Consent. You may withdraw your consent to receive Communications electronically by contacting us in the manner described below. If you withdraw your consent, from that time forward (1) you cannot place any further listings or contribute to any Consignment Opportunities through the Orry platform and (2) any pending listings or financial contributions will automatically terminate and be removed from the Orry platform. The withdrawal of your consent will not affect the legal validity and enforceability of any pending financing obtained through the Orry platform, or any electronic Communications provided or business transacted between us prior to the time you withdraw your consent. With respect to pending Consignment Opportunities (Co-Ops) on which you are a contributor or contributee, we will send you any further Communications by mail or other non-electronic means.

Changes in Your Contact Information. Please keep us informed of any changes in your email or mailing address so that you continue to receive all Communications without interruption.

DISCLAIMER OF WARRANTIES

NONE OF ORRY INC., D/B/A ORRY, ITS PARENT, ANY OF ITS AFFILIATES, PROVIDERS OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, INDEPENDENT CONTRACTORS OR LICENSORS (COLLECTIVELY THE "ORRY PARTIES") GUARANTEES THE ACCURACY, ADEQUACY, TIMELINESS, RELIABILITY, COMPLETENESS, OR USEFULNESS OF ANY OF THE CONTENT AND THE ORRY PARTIES DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE CONTENT.

THIS SITE AND ALL OF THE CONTENT IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT ANY WARRANTY, EITHER EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OR TITLE. ADDITIONALLY, THERE ARE NO WARRANTIES AS TO THE RESULTS OF YOUR USE OF THE CONTENT. THE ORRY PARTIES DO NOT WARRANT THAT THE SITE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. THIS DOES NOT AFFECT THOSE WARRANTIES WHICH ARE INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER THE LAWS APPLICABLE TO THIS AGREEMENT.

THE ORRY PARTIES MAY DISCONTINUE OR MAKE CHANGES IN THE CONTENT AND SITE AT ANY TIME WITHOUT PRIOR NOTICE TO YOU AND WITHOUT ANY LIABILITY TO YOU. ANY DATED INFORMATION IS PUBLISHED AS OF ITS DATE ONLY, AND THE ORRY PARTIES DO NOT UNDERTAKE ANY OBLIGATION OR RESPONSIBILITY TO UPDATE OR AMEND ANY SUCH INFORMATION. THE ORRY PARTIES RESERVE THE RIGHT TO TERMINATE ANY OR ALL SITE OFFERINGS OR TRANSMISSIONS WITHOUT PRIOR NOTICE TO YOU. THIS SITE COULD CONTAIN TECHNICAL INACCURACIES OR TYPOGRAPHICAL ERRORS. USE OF THIS SITE IS AT YOUR OWN RISK.

LIMITATION OF LIABILITY

UNDER NO CIRCUMSTANCES WILL THE ORRY PARTIES BE LIABLE FOR ANY DAMAGES INCLUDING GENERAL, SPECIAL, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR ANY OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR BUSINESS INTERRUPTION) OF ANY KIND WHETHER IN AN ACTION IN CONTRACT OR NEGLIGENCE ARISING OR RELATING IN ANY WAY TO THE USE OR INABILITY TO USE BY ANY PARTY OF THE CONTENT, THE SITE OR ANY THIRD-PARTY SITE TO WHICH THIS SITE IS LINKED, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE, EVEN IF ORRY PARTIES, OR REPRESENTATIVES THEREOF, ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES. THE ORRY PARTIES ARE NOT LIABLE FOR ANY DEFAMATORY, OFFENSIVE OR ILLEGAL CONDUCT OF ANY USER. YOUR SOLE REMEDY FOR DISSATISFACTION WITH THIS SITE IS TO STOP USING THE SITE. IF YOUR USE OF MATERIALS FROM THIS SITE RESULTS IN THE NEED FOR SERVICING, REPAIR OR CORRECTION OF EQUIPMENT OR DATA, YOU ASSUME ANY COSTS THEREOF. IF THE FOREGOING LIMITATION IS FOUND TO BE INVALID, YOU AGREE THAT THE ORRY PARTIES' TOTAL LIABILITY FOR ALL DAMAGES, LOSSES, OR CAUSES OF ACTION OF ANY KIND OR NATURE SHALL BE LIMITED TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW.

INDEMNIFICATION

You agree to indemnify and hold harmless Orry Parties from and against any and all claims, losses, expenses, demands or liabilities, including attorneys' fees and costs, incurred by the Orry Parties in connection with any claim by a third party (including any intellectual property claim) arising out of (i) materials and content you submit to, post to or transmit through the Site, or (ii) your use of the Site in violation of this Agreement or in violation of any applicable law. You further agree that you will cooperate fully in the defense of any such claims. Orry Parties reserve the right, at their own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, and you shall not in any event settle any such claim or matter without the written consent of Orry. You further agree to indemnify and hold harmless Orry Parties from any claim arising from a third party's use of information or materials of any kind that you post to the Site.

MONITORING OF THE SITE

Orry has no obligation to monitor the Site; however, you acknowledge and agree that Orry has the right to monitor the Site electronically from time to time and to disclose any information as necessary or appropriate to satisfy any law, regulation or other governmental request, to operate the Site, or to protect itself or other users of the Site.

SUBMISSIONS TO THE SITE

All remarks, discussions, ideas, concepts, know-how, techniques, graphics or other submissions communicated to Orry through this Site (collectively, "Submissions") will be deemed and remain the property of Orry Inc., d/b/a Orry, and Orry is entitled to use any Submission for any purpose, without restriction or compensation to the individual who has provided the Submission. Orry shall not be subject to any obligations of confidentiality regarding Submissions except as expressly agreed by Orry or as otherwise required by applicable law. Nothing herein contained shall be construed as limiting Orry's responsibilities and obligations under its Privacy Policy.

USE OF PERSONALLY IDENTIFIABLE INFORMATION

Orry's practices and policies with respect to the collection and use of personally identifiable information are governed by Orry's Privacy Policy

AVAILABILITY

This Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. By offering this Site and Content no distribution or solicitation is made by Orry Inc., d/b/a Orry to any person to use the Site or Content in jurisdictions where the provision of the Site and/or Content is prohibited by law.

TERMINATION

This Agreement is effective until terminated by Orry Inc., d/b/a Orry. Orry may terminate this Agreement at any time without notice, or suspend or terminate your access and use of the Site at any time, with or without cause, in Orry's absolute discretion and without notice. The following provisions of this Agreement shall survive termination of your use or access to the Site: the sections concerning Indemnification, Disclaimer of Warranties, Limitation of Liability, Waiver, Applicable Law and Dispute Resolution, and General Provisions, and any other provision that by its terms survives termination of your use or access to the Site.

WAIVER

Failure by Orry Inc., d/b/a Orry to enforce any of its rights under this Agreement shall not be construed as a waiver of those rights or any other rights in any way whatsoever.

APPLICABLE LAW AND DISPUTE RESOLUTION

This Agreement, your use of the website, and your participation in any Co-Ops and any disputes related to or arising out of this Agreement, your use of the website, and your participation in any Co-Ops shall be governed by, and construed and enforced in accordance with, the laws of the State of Colorado (without regard to the conflicts or choice of law principles thereof). By continuing to use this website, you hereby agree and consent to the exclusive personal jurisdiction of the state and federal courts situated within the County of Boulder, State of Colorado for purposes of enforcing this Agreement, and you waive any objection you might have to personal jurisdiction or venue in those courts

BY CONTINUING TO USE THIS WEBSITE, YOU HEREBY KNOWINGLY, VOLUNTARILY, INTENTIONALLY, UNCONDITIONALLY AND IRREVOCABLY WAIVE ANY RIGHT YOU MAY HAVE TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ON ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE WEBSITE, OR YOUR PARTICIPATION IN ANY CO-OP.

You agree that you will notify Orry Inc., d/b/a Orry in writing of any claim or dispute concerning or relating to the Site and the information or services provided through it, and give
a reasonable period of time to cure it at least thirty (30) BEFORE bringing any legal action, either individually, as a class member or representative, or as a private attorney general, against Orry Inc., d/b/a Orry.

OTHER AGREEMENTS

This Agreement shall be subject to any other agreements you have entered into with Orry Inc., d/b/a Orry.

ADDITIONAL TERMS

Certain sections or pages on the Site may contain separate terms and conditions of use, which are in addition to the terms and conditions of this Agreement. In the event of a conflict, the additional terms and conditions will govern for those sections or pages.

SEVERABILITY

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall be enforced to the fullest extent possible, and the remaining provisions of the Agreement shall remain in full force and effect.

GENERAL PROVISIONS

This Agreement supersedes any previous Terms of Use Agreement to which you and Orry Inc., d/b/a Orry may have been bound. This Agreement will be binding on, inure to the benefit of, and be enforceable against the parties and their respective successors and assigns. Neither the course of conduct between parties nor trade practice shall act to modify any provision of the Agreement. All rights not expressly granted herein are hereby reserved. Headings are for reference purposes only and in no way define, limit, construe or describe the scope or extent of such section.

COPYRIGHT COMPLAINTS

If you believe, in good faith, that any materials on the Site infringe your copyrights, notifications of claimed copyright infringement should be sent to Orry Inc., d/b/a Orry designated agent. Notification should include:

an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest;
a description of the copyrighted work that you claim has been infringed;
a description of where the material you claim is infringing is located on the Site;
a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent or the law; and
a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or duly authorized to act on the copyright owner's behalf.

For any questions regarding alleged copyright infringement, please email: [email protected]

BANK SERVICES

Bank services are provided by Evolve Bank & Trust, Member FDIC, through our banking software provider, SynapseFI. To report a complaint relating to the bank services, email [email protected]

Basically

For additional information, or if you have any questions regarding our terms of us or our privacy practices at Orry, please submit your questions or comments directly to us via email [email protected]. Any personal information you submit will be used solely to respond to your requests.

Policy

To be a member of the Orry community, you must be a legal U.S. resident 18 years of age or older. Children under the age of 18 are not eligible to participate on this website.

How we collect information about you:

We collect personal and financial information about you that you provide while you use the site. We collect most of this information during the registration process. There is some information that members are required to provide and other information that they provide voluntarily. We will keep some of this information private and will display some to other users. We always let you know which information is public and which is private. Additional information may be gathered during your subsequent use of the site, whenever you choose to provide it. We also collect information about your inventory account balance and payment history.

Certain personal information must be supplied during the buyer and business registration processes, as indicated below, in order to (a) enable registered users to login to the site, (b) determine business eligibility for inventory consignments through our proprietary credibility scoring process, (c) verify buyer and business identities, (d) establish buyer and business ability to participate in consignments by verifying that they are at least 18 years of age, and (e) guard against potential fraud. This basic personal information includes:

§ Your name (buyer or business registration).

§ Your email address (buyer or business registration).

§ Your date of birth (buyer or business registration).

§ Your address and telephone number (buyer and business registration).

§ Your Social Security number (buyer registration).

§ Your Business EIN (business registration)

When you register as a business, we may use this basic information to pull a credit report from a credit bureau to determine your creditworthiness as well as to help buyers assess your consignment request in the context of your overall financial situation. We will also use your required and optional information to facilitate activities and transactions that need to occur such as:

§ Generating public business profiles on the site.

§ Potentially assigning you a Orry Score based on certain metrics

§ Enabling our financial services partners to implement automatic payments and fund transfers.

§ Contacting you if there is a problem completing a transaction you requested, discussing a problem with your account, sor discussing a prssoblem with your Consignment.

§ Implementing collection activities as needed.

§ Maintaining regular communications with you concerning transactions you initiate, such as requesting information or assistance, submitting consignments, making payments, transferring funds, etc.

When you register as a buyer, we will request the basic personal information and additional optional information in order to facilitate such activities as:

§ Generating a public buyer profile on the site.

§ Enabling our financial services partners to implement fund transfers and the receipt of business payments.

§ Contacting you if there is a problem completing a transaction you requested or to discuss a problem with your account.

§ Maintaining regular communications with you as may be necessary to execute transactions you request, such as transferring funds.

In addition, we gather names and email addresses of people who contact us through our website with questions about our company operations. We collect this information for the sole purpose of responding to such inquiries.

Finally, we also collect information about your computer and your visits to our website, such as your IP address, geographical location, browser type, referral source, length of visit, and page views through the use of log files. We use this aggregated information in the administration of our website to improve its usability and to evaluate the success of particular marketing/advertising campaigns, search engine optimization strategies and other marketing activities. We use non-identifying and aggregated information to help optimize our website based on the needs of our users. No personal or personally identifiable information about any individual user is collected through this process.

We retain this information to satisfy legal requirements such as record keeping and tax and credit reporting requirements, as well as for purposes of fraud prevention, audit and data integrity.

We may also use information gained from you to determine certain overall User metrics such as average purchase size, purchase amounts, number of consignments funded, average number of consignments funded, and geographic location. These metrics better help us understand our user base and may be provided from time to time to businesses in order to allow them to better understand our user base. However, you information will never be sold and may be anonymized by your selection of an unique username

User Referral Activities

Users may choose to refer friends to the site or directly to their consignment listings via email. If this referral occurs independently of our site or a partner’s site, we do not track the referral other than as a unique page view. Since we do not collect any information from the referring party or the recipient of the external email referencing our site, we do not capture or store any information about either party. If friends refer each other to our site or to their inventory consignment listings via a partner’s site, we will store and track information about the referring and receiving parties only long enough to determine the effectiveness of our marketing activities which contributed to the referral.

Users may choose to electronically forward a link or page to a friend by clicking the “Email” link. The users must provide their own list of recipients in order for these emails to be sent. This information is not used for any other purpose and we do not store the names or email addresses of your friends. These are one-time only emails initiated by friends of the recipients, and the recipients are not added to any mailing list or contacted by Orry apart from this specific email.

Our users can also refer friends to the site by completing a simple form to generate an email invitation. In this case, the email invitations do not track back to any particular inventory consignment request, and the sender will not know whether you are a retailer, partner or simply a member. This information is stored for the sole purpose of sending this one-time email and tracking the success of our referral program. In the case where a bonus is offered to a member in return for the referral, Orry will only retain the information about the referred parties to properly credit the account of the member initiating the referral. The information is not used for any other purpose.

Communications From Us

When you register on our site you will receive emails that confirm specific actions you requested. These notifications are typically sent to notify you of a change in status, or for legal or security purposes. For example, you will receive notifications confirming your registration, the successful verification of email addresses and bank accounts, and the successful submission of inventory consignment requests and purchase orders; you will receive notifications regarding certain changes to legal agreements and required inventory consignment and privacy disclosures; and you will receive progress updates on the status of inventory consignment requests and purchase orders. These are transactional notifications that you generally cannot opt out of receiving. We may also send you responses to emails you send us, if appropriate or applicable.

From time to time, we will also send user surveys, requests for user feedback regarding user experience and site operations, newsletters, event notifications, group leader notifications, or marketing consignments from us or from us on behalf of our marketing partners. The completion of these surveys or requests for feedback, receipt of these newsletters or notifications, or acceptance of any consignment is strictly voluntary. If you do not wish to receive these surveys or user feedback emails, newsletters, notifications or marketing consignments, please log in to your account, go to “My Account” > Settings > Communication Preferences” and click on the “Edit” button. A link to your Communication Preferences page will be included in any consignment email you receive from us.

How and When Your Information Is Shared With Other Parties

Information is shared with other parties in the following ways:

§ Required and optional information about businesses and buyers is displayed on public profiles that users can update at any time; certain information is optional and you can choose not to supply it and/or can remove the optional information at any time.

§ Personal but not personally identifiable information about retailers is contained in inventory consignment listings that can be viewed by all users; this information may also filed with the Securities and Exchange Commission and as such is made publicly available.

§ Personal but not personally identifiable information about businesses is contained in consignment listings that can be viewed by all users; this information may also filed with the Securities and Exchange Commission and as such is made publicly available.

§ Financial and credit information about businesses is displayed to qualified users on consignment listing pages; may be filed with the Securities and Exchange Commission and as such is made publicly available; and is contained anonymously in inventory consignment data files available through Orry's Developer Tools and Marketplace Performance pages.

§ Information is shared directly between users and/or potential users. Information shared directly by users and/or potential users might contain personally identifiable information.

§ Information may be shared to meet any applicable law, regulation, legal process or enforceable governmental request, for the purposes of limiting fraud or in connection with the sale of Orry to a third party.§ Information may be shared with a number of trusted partners that perform vital functions as part of our operations.

§ Information related to overall user metrics may be shared with businesses submitting consignments or businesses potentially submitting consignments to better give these businesses an understanding of our user base and typical user activityFor privacy purposes, businesses and buyers remain anonymous on the site and are identified only by their chosen screen names. However, businesses have public profiles and consignment listings on the site that display their information to any users who view these pages. The consignment listing pages may include businesses’ credit information and other financial information that is shown to qualified buyers so that they can effectively evaluate consignment requests. As noted above, this information is also contained anonymously in consignment data files available through Orry’s Developer Tools and Marketplace Performance pages. Consignment listings also contain certain personal information. Buyers also have public profiles on the site that display personal information that they have opted to include. Finally, users creating blog/forum posts are identified by the names they choose to provide. To protect buyers’ and users’ privacy, however, the blog/forum posts do not track back to consignment listings or consignment funding decisions, respectively.

Orry is not responsible for any personal information that businesses or buyers may choose to reveal about themselves in their screen names, consignment requests, public profiles, or blog/forum posts. Given the community nature of any person-to- person transaction site, however, it may be in the best interests of businesses and buyers to share some level of personal information in order to achieve a satisfactory outcome (e.g., it may be necessary for a business to share a certain amount of personal information in order for the business’s consignment to receive full partner commitments). Further, User contact information may be provided to businesses a user followed or funded. Users will have the ability to opt-out of the providing of this information should they so choose.

If you use our blog on this site, you should be aware that any personally identifiable information you submit there can be read, collected, or used by other users of this forum, and could potentially be used to send you unsolicited messages. We are not responsible for the personally identifiable information you choose to submit in this forum. To request removal of your personal information from our blog or community forum, contact us at [email protected] In some cases, we may not be able to remove your personal information, in which case we will let you know if we are unable to do so and why.

In order for a business listing to become a consignment, a business must receive aggregate buying commitments from partners that equal or exceed the minimum funding amount applicable to such listing. When a business submits a listing, it will automatically be allocated to one of three partner funding channels, based upon a random allocation methodology determined by Orry: (i) the first channel allows partner members to commit to purchase Notes from Orry, the payments of which are dependent on the payments the retailer makes on his or her inventory consignment (the “Note Channel”); (ii) the second channel allows partner members to commit to purchase 100% of a retailer’s inventory consignment directly from Orry (“Inventory consignment Channel A”); and (iii) the third channel reserves a retailer’s inventory consignment for sale to an partner member who has already committed to purchase certain inventory consignments from Orry (“Inventory consignment Channel B”). We provide information obtained about a business during the consignment application and approval process, including personally identifiable, financial and credit information, to the partner who purchases such business’s consignment through Inventory consignment Channel A or Inventory consignment Channel B. We do not provide this information to partners who purchase Notes through the Note Channel.

We may share your information with law enforcement or other government or regulatory agencies as required by law or for the purposes of limiting fraud. We reserve the right to disclose your personally identifiable information when we believe that disclosure is necessary to protect our rights and/or to comply with a judicial proceeding, court order, or legal process served on us

Orry works with a number of trusted partners that perform vital functions as part of our operations, including platform administrators, inventory consignment servicers, credit bureaus, collection agencies, electronic payment service providers, quality assurance agents, and companies that distribute our emails for us or collect survey information from our customers. Information is shared with these third parties only to the extent necessary for us to process the transactions you initiate or to perform other specific services, like collections. Our partners are legally required to keep your information private and secure.

How Your Credit History and Inventory Consignment Status Information Are Shared

When you create a consignment listing, we display your listing—including your screen name, Orry Score, and state of residence—publicly on the Orry website. Registered Orry buyers will also see certain credit data collected from or calculated based on your credit bureau file as well as certain other credibility metrics in the credibility section of your listing. The credibility section may also include the following information:

§ Credit score range.

§ Debt-to-income (DTI) ratio.

§ Stated income.

§ The number of accounts on which you are currently late on a payment; this includes any unpaid charge-offs or other negative balances.

§ The total past-due amount you owe on all delinquent and charged-off accounts.

§ The number of 90+ days past-due delinquencies in your credit file in the last 7 years.§ The number of negative public records in your credit file over the last 12 months, and over the last 10 years; negative public records include, among other things, bankruptcies, liens, and judgments.

§ The month and year your first recorded credit line was opened; credit lines may include, among other things, revolving, installment, and mortgage credit.

§ The total number of credit lines appearing in your credit file, along with the number that are open and current; credit lines may include, among other things, revolving, installment, and mortgage credit.

§ The total balance on all of your open revolving credit lines.§ Your bankcard utilization ratio, expressed as a percentage, reflecting the ratio of the total balance used, to the aggregate credit limit on, all of your open bankcards.

§ The number of inquiries made by creditors in the last six months, as shown in your credit file.It is necessary to allow prospective partners to see this information as they evaluate your inventory consignment request. As noted above, this and other financial and credit information obtained from a credit bureau is also contained anonymously in inventory consignment data files available through Orry’s Developer Tools and Marketplace Performance pages. Such information may also be collected by using search tools such as LexisNexis.

If your consignment is successfully funded through Orry, we will also display status information about your consignment to your partners. Your consignment tracks back to you by your screen name, so it is important that you choose a screen name that will protect your anonymity. You should not choose a screen name that resembles your actual name or that of any other person. Further, you should not include your name or personally identifiable information in your consignment request. Your payment performance information such as late payments, collections activity or any other instances of delinquency will be displayed to your buyers.

Where You Can Find and/or Correct Your Information

You can access all of your personal and personally identifiable information that we collect online and maintain by logging in to your account and going to “My Account > Settings”. This section of the site is password-protected to better safeguard your information. As a registered user, you can update your password, email address, secret question, screen name, physical address, phone numbers, and bank account information at any time on the website, and if you need to change any other information in your profile or request that we delete/remove your information, you can contact us at via email. To protect your privacy and security, please contact us at  to make changes to your sensitive account information.

We will retain and use your information as needed to provide you services, to comply with our legal obligations, to resolve disputes, to enforce our agreements or as otherwise required by law.

Web-related Information

CollectionCookies are small text files created by a website that store information on your computer, such as your preferences when visiting that site. Orry uses cookies when you sign in, to keep track of your personal session, including some account identifiers so that we can ensure that you are the only person making changes to your account. Cookies are also used to gather statistical data, such as which pages are visited, what is downloaded, the ISP’s domain name and country of origin, and the addresses of sites visited immediately before and after coming to our site, as well as your "click stream" activity (meaning, the paths taken by visitors to our site as they navigate from page to page) and transactional attributes in accordance with information you voluntarily submit in the course of using our site. These anonymous data are aggregated for analysis to ensure proper functioning of our site, in terms of navigation and usability, as well as to evaluate the effectiveness of our marketing efforts. We also use cookies to track your activity on our site as a unique person. We use session ID cookies to make it easier for you to navigate our site. Session ID cookies expire when you close your browser. We use a persistent cookie that remains on your hard drive for an extended period of time, so that we can recognize you when you return to our website. You can remove persistent cookies by following directions provided in your Internet browser’s "help" file; however, because we use cookies for our sign-in functionality, if you choose to disable cookies you will not be able to log on to the Orry website. All of this information is stored in an encrypted fashion for security reasons, and no personal information about you is stored.

We use third-party tracking services (e.g., Google Analytics) that use cookies to track non-personally identifiable information about visitors to our site in the aggregate (such as page views and referral page information to track the success of our marketing efforts to bring people to our site as well as overall site performance). We also employ a software technology called clear gifs (a.k.a. Web Beacons/Web Bugs), that help us better understand user interaction with our website. Clear gifs are tiny graphics with a unique identifier, similar in function to cookies, and are used to track the online movements of Web users. In contrast to cookies, which are stored on a user’s computer hard drive, clear gifs are embedded invisibly on Web pages and are about the size of the period at the end of this sentence. We do not tie the information gathered by clear gifs to our customers’ personally identifiable information.

Links to Other Sites

We may offer links to partners’ sites. We make the decision to provide links to these sites based on the quality of information provided at the time the links are enabled, and we make every effort to monitor the continuing quality of content provided on these sites. However, these external sites are not subject to this privacy policy. Further, Orry has no control over the content of these sites. Please consult the privacy policies on these sites before you provide them with any of your personal information.

Social Media Features

Our website includes social media features and widgets (“Features”), such as the Facebook Like button. These Features may collect your IP address, which page you are visiting on our site, and may set a cookie to enable the Feature to function properly. Features are either hosted by a third party or hosted directly on our website. Your interactions with these Features are governed by the privacy policy of the company providing it.

Compliance With State and Federal Laws

This privacy policy may not constitute your entire set of privacy rights, as these may also vary from state to state. To be certain of your privacy rights, you may wish to contact the appropriate agency in your state that is charged with overseeing privacy rights of consumers. Certain regulations issued by state and/or federal government agencies may require us to maintain and report demographic information on the collective activities of our membership. We may also be required to maintain your personal information for at least seven years in order to be in compliance with applicable federal and state laws regarding recordkeeping, reporting and audits.

Orry Security Policy

Expert fraud prevention and protection

Orry takes strong steps to safeguard your personal and personally identifiable information through vigorous physical, electronic and operational policies and practices. All data is considered highly confidential. Data can only be read or written through defined service access points, the use of which is password-protected. The physical security of the data is achieved through a combination of network firewalls (there is no direct communication allowed between the database server and the Internet) and servers with hardened operating systems are all housed in a secure facility. Access to the system, both physical and electronic, is tightly controlled and limited to only those employees or third parties who have a need to know. We do not allow visibility to Social Security number, bank account information, or credit card information via the website. Further, we also equip our servers with Secure Socket Layer (SSL) certificate technology to ensure that when you connect to our website you are actually on our site. SSL also ensures that all data entered into the website are encrypted. To verify that SSL is being used, look for the key or padlock icon on your browser. For further encryption protection, we use a 128-bit secure browser for logins and transactions.

100% Identity Theft Guarantee

Although Orry has a stringent process in place to prevent fraudulent persons from using stolen identities to acquire inventory consignments, there are still limited times when identity theft may occur. Orry will work with law enforcement authorities to track down and prosecute persons who have committed identity theft. If you are a buyer who suspects that you’ve funded a consignment belonging to a person who has committed identity theft, please email customer support and include the consignment number or identifier and the reason you suspect identity theft.

Secure data center

We store all sensitive financial information in a state-of- the-art, highly secure data center that adheres to SSAE 16 standards. Physical access to the data center is strictly controlled and we use the latest in threat prevention technologies including the very best in firewall, VPN, antivirus, Web filtering and antispam technologies.

Session time-outs

We also employ session time-outs to protect your account. You will be logged out of the site automatically after a specified period of inactivity. This time-out feature reduces the risk of others being able to access your account if you leave your computer unattended.

Protection of account numbers

When we contact you about your account to confirm a funds transfer, we only reference the last four digits of your bank account number; this is done for your protection so that you will recognize the source or destination account as one which you own.

Passwords

At a minimum, we require the use of both numbers and letters in your password. We have also instituted secure steps by which you can regain access to your account should you forget your password, including the use of a security question. Your password is not known to any employee or third party with whom we may partner, and we will never ask for your password as a means of identifying yourself. You should never share your password with anyone, and if you ever receive an email purporting to come from Orry that asks for your password, you should immediately report this development.

What you can do

In addition to our own substantial efforts, you can take several precautions to protect the security of your computer and personal information. For instance, you can start by using a well-chosen password. You should avoid using any information that others can easily learn about you, such as a family member’s name or birthday, and you can also use special characters in place of letters. In addition, we recommend that you change your password frequently.

You can install and regularly update antivirus and firewall software to protect your computer from external attacks by malicious users. When you are finished with a session on our site, be sure that you log out and close the browser window.

To protect your account, we send automatic notifications confirming certain actions taken on your account, such as changes to a password or external linked account. We do this for your own protection so that you can be sure no one else is making changes to your account without your knowledge. However, the security offered through these notifications can be undermined if other people have access to your email account. Therefore, you might consider restricting access to the email account you registered with on this site and/or changing your password on that email account frequently.

If you use a computer that is accessed by other people, such as in a public library or Internet cafe, we recommend that you take special precautions to protect the security of your account and personal data. When you are finished using our site, you should log out completely, then close the browser window and clear the browser’s cache files.

You should also be aware of fraudulent attempts to gain access to your account information known as "phishing." Phishing is a tactic used by scammers in which unsuspecting people are brought to a website by a genuine-looking email purporting to be from a legitimate company. The phony or "spoof" email takes the person to a website that looks legitimate but in fact is not. Either in the email itself or on this fake site, scammers will ask for login information to gain access to people’s accounts and withdraw their money. Orry will never ask you for your login information in the context of any email. In general, you can protect yourself against phishing by never providing personal or login information via an email—instead, go the website directly. You might also make it a habit to check the URL of a website to be sure that it begins with the correct domain. In the case of Orry, you should always ensure the URL begins with http://www.orryo.com, https://www.orryo.com or http://blog.orryo.com.

Changes to This Policy

If we make updates to this privacy policy, we will update the privacy policy with the changes and revise the “last updated” information posted at the bottom of this privacy policy. Any updates to the privacy policy become effective when we post the updates on the website. If we make any material changes we will notify you by email (sent to the email address specified in your account) or by means of a notice on this website prior to the change becoming effective. Your use of the website following the update to the privacy policy means that you accept the updated privacy policy.

Basically

For additional information, or if you have any questions regarding our terms of us or our privacy practices at Orry, please submit your questions or comments directly to us via email [email protected]. Any personal information you submit will be used solely to respond to your requests.