These Terms and Conditions (these “Terms”) govern the relationship under any Services Agreement (the “Services Agreement,” and together with these Terms, the “Agreement”) between Prosper Healthcare Lending LLC (“Company”) and the parties named in the Services Agreement (“Provider”). Without limiting the generality of the foregoing, by utilizing the websites maintained at www.prosperhealthcare.com (and any subdomains thereof) in connection with the Services, Provider thereby agrees to these Terms, as revised from time to time. Company and Provider are sometimes each called a “Party” and together the “Parties.”

  1. 1. Purpose. Provider is professional provider of healthcare services. Company has established a Direct-to-Patient Program (the “Program”) pursuant to which Company may facilitate the financing to prospective patients for qualified healthcare services. Company does not agree to act as agent or on behalf of Provider. Provider desires to participate in the Program and desires to make the Program available to qualifying borrowers (“Borrowers”) who purchase healthcare services from Provider for Borrower or a patient for whose healthcare services they wish to finance.
  2. 2. Definitions. Any capitalized term used but not defined in these Terms shall have the meaning given in the Services Agreement. The following capitalized terms shall have the following meanings:
    1. 2.1 “Lender” means Company’s lending partners that provide Loans.
    2. 2.2 “Loan” means any financing or credit facility extended through the Services for services and goods provided to a patient of Provider.
    3. 2.3 “Services” means Company’s financial and lending support services.
    4. 2.4 “Restricted Period” means the Term and for a period of three (3) years thereafter.
  1. 3. Company’s Responsibilities. Company’s obligations include the following:
    1. 3.1 To provide financial and lending support services via Company’s web-based software application and other systems for collecting and processing Borrower Loan requests;
    2. 3.2 To operate the Program in good faith, in a commercially reasonable manner and in accordance with applicable law;
    3. 3.3 To provide Provider with training and support for Provider’s use of the Program; and
    4. 3.4 To furnish Provider with brochures, website links and other information in reasonable quantity for promoting the Program to Borrowers.
  2. 4. Provider’s Responsibilities.
    1. 4.1 Provider will refer to Company prospective Borrowers who desire to obtain an unsecured consumer loan for healthcare services on a right of first refusal basis. Borrowers will submit requests for financing directly online Company’s web-based software application. Company will facilitate the origination of loans only to such referrals as Company deems acceptable, at Company’s election and sole discretion. Nothing contained herein obligates Company to facilitate the making of any loans.  To the extent any prospective Borrowers do not have access to computers, printers or the internet, Provider agrees to give Borrowers access to computers, printers or the internet to submit requests for loans and check their account as needed.
    2. 4.2 Provider will display brochures, website links and other promotional materials, as applicable, relating to the Program which are distributed or approved by Company.
  3. 5. Disclaimer of Warranties. EXCEPT AS EXPRESSLY PROVIDED IN THE AGREEMENT, COMPANY MAKES NO REPRESENTATIONS, WARRANTIES OR CLAIMS, EXPRESS, IMPLIED, OR STATUTORY, WITH RESPECT TO THE SERVICES AND ANY SOFTWARE UTILIZED IN CONNECTION THEREWITH, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF QUALITY, PERFORMANCE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE.
  4. 6. Limitation of Liability. COMPANY SHALL NOT BE LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY, OR PUNITIVE DAMAGES OR LOST PROFITS, WHETHER IN CONTRACT, TORT, NEGLIGENCE, MALPRACTICE, STRICT LIABILITY OR ANY OTHER LEGAL OR EQUITABLE THEORY, RESULTING FROM OR ARISING OUT OF THE AGREEMENT OR THE PERFORMANCE THEREOF, WITHOUT RESPECT TO NOTICE OF THE POSSIBILITY THEREOF. COMPANY’S AGGREGATE LIABILITY TO PROVIDER FOR ANY LOSSES, CLAIMS, BREACHES OR DAMAGES UNDER THE AGREEMENT WILL NOT EXCEED $1,800.
  5. 7. Indemnification.
    1. 7.1 Indemnification by Company. Company shall indemnify, hold harmless and, at Provider’s request, defend Provider and its affiliates and their officers, directors, employees and agents from and against any and all liabilities, obligations, losses, claims, damages, actions, suits, proceedings, investigations, demands, assessments, adjustments, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses), and any deficiencies suffered, sustained, incurred or paid (collectively, “Losses”) by Provider in connection with, resulting from, relating to, or arising out of any of the following: (i) any breach by Company of any representation or warranty set forth in this Agreement; (ii) any nonfulfillment or breach by Company of any covenant or agreement set forth in this Agreement; or (iii) the gross negligence or willful misconduct by Company in the performance of obligations under this Agreement.
    2. 7.2 Indemnification by Provider. Provider shall indemnify, hold harmless and, at Company’s request, defend Company and its affiliates and their officers, directors, employees and agents from and against any and all Losses suffered, sustained, incurred or paid by Company in connection with, resulting from, relating to, or arising out of any of the following: (i) any breach by the Provider of any representation or warranty set forth in this Agreement; (ii) any nonfulfillment or breach by the Provider of any covenant or agreement set forth in this Agreement; (iii) the gross negligence or willful misconduct by the Provider in the performance of obligations under this Agreement; or (iv) any malpractice claim, suit or any other similar action.
    3. 7.3 A Party seeking indemnification under this Section 7 (the “Indemnified Party”) shall give prompt written notice to the other Party (the “Indemnifying Party”) of any claim for which it may seek indemnity. The Indemnifying Party shall defend such claim, action, suit or proceeding with counsel reasonably satisfactory to the Indemnified Party, and the Indemnified Party shall cooperate in the defense. The Indemnified Party may have separate counsel who shall be employed by the Indemnified Party at the Indemnified Party’s expense; provided, that the Indemnifying Party shall pay the reasonable attorney’s fees and expenses of such separate counsel if, in the opinion of counsel to the Indemnifying Party, the interests of the Indemnified Party and the Indemnifying Party are adverse such that separate counsel for the Indemnified Party is required. Knowledge by the Indemnified Party of any breach or non-compliance hereunder shall not constitute a waiver of the Indemnified Party’s rights and remedies under this Agreement, provided the Indemnified Party has notified the Indemnifying Party of such breach or non-compliance in a timely manner.
    4. 7.4 A Party seeking indemnification under this Section 7 (the “Indemnified Party”) shall give prompt written notice to the other Party (the “Indemnifying Party”) of any claim for which it may seek indemnity. The Indemnifying Party shall defend such claim, action, suit or proceeding with counsel reasonably satisfactory to the Indemnified Party, and the Indemnified Party shall cooperate in the defense. The Indemnified Party may have separate counsel who shall be employed by the Indemnified Party at the Indemnified Party’s expense; provided, that the Indemnifying Party shall pay the reasonable attorney’s fees and expenses of such separate counsel if, in the opinion of counsel to the Indemnifying Party, the interests of the Indemnified Party and the Indemnifying Party are adverse such that separate counsel for the Indemnified Party is required. Knowledge by the Indemnified Party of any breach or non-compliance hereunder shall not constitute a waiver of the Indemnified Party’s rights and remedies under this Agreement, provided the Indemnified Party has notified the Indemnifying Party of such breach or non-compliance in a timely manner.
  6. 8. Confidentiality.
  1. 8.1 Each Party and their respective affiliates, directors, officers, employees, authorized representatives, agents and advisors (including without limitation, attorneys, accountants, consultants, bankers and financial advisors) shall keep confidential all information concerning the other Party’s proprietary business procedures, products, services, operations, marketing materials, fees, policies or plans and all Nonpublic Personal Information of the other Party that is received or obtained during the negotiation or performance of the Agreement, whether such information is oral or written, and whether or not labeled as confidential by such Party (collectively “Confidential Information”). “Nonpublic Personal Information” shall include all personally identifiable financial information and any list, description or other grouping of consumers, and publicly available information pertaining to them, that is derived using any personally identifiable financial information that is not publicly available, and shall further include all “nonpublic personal information” as defined by federal regulations implementing the Gramm-Leach-Bliley Act, as amended from time to time. “Personally identifiable financial information” means any information a consumer provides to a Party in order to obtain a financial product or service, any information a Party otherwise obtains about a consumer in connection with providing a financial product or service to that consumer, and any information about a consumer resulting from any transaction involving a financial product or service between a Party and a consumer. Personally identifiable information may include, without limitation, a consumer’s first and last name, physical address, zip code, email address, phone number, social security number, birth date, and any other information that itself identifies or when tied to the above information, may identify a consumer.
  2. 8.2 Use of Confidential Information. For as long as Confidential Information is in possession of a Party, such Party shall take reasonable steps, at least substantially equivalent to the steps it takes to protect its own proprietary information, to prevent the use, duplications or disclosure of Confidential Information, other than, by or to its employees or agents who are directly involved in negotiating or performing this Agreement and who are apprised of their obligations under this Section 8 and directed by the receiving Party to treat such information confidentially, or except as required by law or by a supervising regulatory agency of a receiving Party. Neither Party shall disclose, share, rent, sell or transfer to any third party any Confidential Information. The Parties shall use Confidential Information only as necessary to perform this Agreement.
  3. 8.3 Return of Information; Indemnity. Upon the termination or expiration of this Agreement, the receiving Party shall promptly return all Confidential Information received in connection with the transaction, or shall promptly destroy any materials containing such information (and any copies, extracts, and summaries thereof) and shall provide the disclosing Party with written confirmation of such return or destruction upon request. In the event a Party discovers that Confidential Information has been used in an unauthorized manner or disclosed in violation of this Section 8, the Party discovering the unauthorized use or disclosure shall immediately notify the other Party of such event, and the disclosing Party shall indemnify and hold the other Party harmless from all claims, damage, liability, costs and expenses (including court costs and reasonable attorneys’ fees) arising or resulting from the unauthorized use or disclosure. In addition, the non-disclosing Party shall be entitled to all other remedies available at law or equity, including injunctive relief.
  1. 9. Ownership. The software, technology and other intellectual property of Company is and shall remain the sole and exclusive property of Company. Company’s Terms of Use [https://www.prosper.com/legal/terms-of-use] are incorporated herein by reference.
  2. 10. Solicitation. During the Restricted Period, Provider shall not, (a) without Company’s prior written consent, directly or indirectly, solicit or encourage any employee or contractor of Company to terminate employment with, or cease providing services to, Company or (b) whether for its own account or for the account of any other person or entity, intentionally interfere with any person who is, or during the Term was, a partner, supplier, provider or client of Company.
  3. 11. Dispute Resolution.
  1. 11.1 In the event any claim, dispute or controversy between the Parties arises out of or relates to this Agreement (a “Contract Dispute”), the Parties agree that before resorting to any formal dispute resolution process as set forth in this Section 11, the Parties will first attempt to negotiate in good faith to find a mutually acceptable resolution to the Contract Dispute for at least ten (10) business days.
  2. 11.2 Arbitration If the negotiations set forth in Section 11.1 above do not occur or do not result in mutually acceptable resolution, the Parties agree that any Contract Dispute, other than those that would be barred at law or in equity by an applicable statute of limitations, shall be settled by arbitration administered by the American Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
  3. 11.3 Claims shall be heard by a single arbitrator with expertise in consumer lending mutually agreed between the Parties or, if the Parties cannot agree on an arbitrator, by an arbitrator appointed by AAA. The place of arbitration shall be San Francisco, CA. The arbitration shall be governed by the laws of the State of California.  Each Party will, upon written request of the other Party, promptly provide the other with copies of all relevant documents.  There shall be no other discovery allowed.  The arbitration will be based on the submission of documents and there shall be no in-person or oral hearing.  Any Party may seek emergency relief, including injunctive relief, from the arbitrator until the arbitration award is rendered or the Contract Dispute is otherwise resolved.  If emergency relief is requested, the AAA shall expedite the matter to the arbitrator for resolution.  Any Party also may, without waiving any remedy under this Agreement, seek from any court having jurisdiction, any interim or provisional relief that is necessary to protect the rights or property of that Party, including any injunctive relief, until the arbitrator is appointed, the arbitration award is rendered or the Contract Dispute is otherwise resolved.   Time is of the essence for any arbitration under this Agreement and arbitration hearings shall take place within 90 days of filing and awards rendered within 120 days.  The arbitrator shall agree to these limits prior to accepting appointment.  The arbitrator will have no authority to award punitive or other damages not measured by the prevailing Party’s actual damages, except as may be required by statute.  The arbitrator shall not award consequential damages in any arbitration initiated under this Section 11.  Each Party shall bear its own costs and expenses and an equal share of the arbitrators’ and administrative fees of arbitration.  The award of the arbitrator shall be accompanied by a reasoned opinion. Except as may be required by law, neither a Party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of both Parties.
  1. 12. Representations and Warranties.
  2. 12.1 Provider hereby warrants and represents to Company: (i) Provider has used reasonable efforts to ensure the accuracy and completeness of all information, documents, statements, consents and other information obtained or prepared by Provider and submitted to Company, and that all such information is not misleading, fraudulent or resulting from misrepresentation; (ii) that all documents or other information submitted by Provider for prospective Borrowers have been signed by such Borrower or an authorized person on Borrower’s behalf; (iii) that each signatory is of legal age and competent to contract at the time of execution and is not under duress (which shall include but is not limited to such person being under sedation, extreme discomfort or heavily medicated); (iv) that no person who has not completed training for the Program will discuss the Program with prospective Borrowers on behalf of the Provider; (v) that it will comply with Company’s policies and procedures and all applicable federal, state, and local laws, ordinances and regulations including, but not limited to, the Equal Credit Opportunity Act and the Health Insurance Portability and Accountability Act of 1996; (vi) that the price charged to the Patient as evidenced by the loan documentation is the same price that would be charged to the Borrower regardless of whether the Borrower pays cash for the healthcare services or utilizes the Program; (vii) that it holds all licenses required in order to conduct its business as contemplated by this Agreement; (viii) that the signatory on the Services Agreement is authorized to bind the Provider to this Agreement and no other consent or approval is required; (ix) that, if the Provider is doing business in the form of a business entity, then such entity is duly organized, validly existing and in good standing under the laws of the state of its formation; (x) that it has full power and authority to carry on its business as it is now being conducted and is duly qualified to transact business as it is now being conducted in all states where such qualification is required; and (xi) that entering into this Agreement does not violate Provider’s charter, certificate of organization, by-laws, or similar organizational documents as the case may be, nor any contract or agreement to which Provider is a party.
  3. 12.2 Provider hereby covenants to Company: (i) at all times and to all persons to accurately represent the terms and conditions of the financing available under the Program as established by Company from time to time; (ii) to use its reasonable best efforts to fulfill all service obligations agreed to by Provider with Borrowers; (iii) to not use Company’s name or logo in any written material or advertisement, without Company’s prior written approval; (iv) to timely investigate all Borrower complaints related to healthcare services and resolve any legitimate Borrower complaints in a reasonable amount of time; (v) that the Provider and all medical professionals named on the Services Agreement have authority and are licensed to perform and/or provide the services for which Patients use the Program as a form of payment; and (vi) that Provider has and shall continue to maintain insurance coverage of such types and in such amounts as are customary and appropriate for its healthcare practice.
  4. 12.3 The information furnished by Provider to Company in the Services Agreement for participation in the Program and thereafter is complete and accurate. Additionally, Provider will provide Company with information of any change of control involving Provider, or any change in Provider’s name, business structure or form, principal office, or state of formation, before or when the change occurs. Provider information may be shared by Company with its affiliates subject to the provisions of this Agreement.
  5. 13. Miscellaneous.
  6. 13.1 Inquiries; Feedback; Publicity. Neither Party will attempt to answer inquiries from Borrowers or prospective Borrowers concerning the other Party’s products and services. Each Party will refer inquiries concerning the other Party’s products and services to the customer service telephone numbers provided by such other Party. Such other Party will use reasonable efforts to address such inquiries in a timely and effective manner. Provider acknowledges that Provider may contact Borrowers for feedback regarding the Program and the healthcare services received and consents to such contact.  Provider agrees not to issue any announcement via press release or other public communication without the prior written approval of Company.
  7. 13.2 Payments for the Benefit of Lender. In the event Provider receives any payment from any source in connection with a Loan referred to Company by Provider, Provider shall be deemed to have received such payment exclusively for the benefit of the Lenders and shall immediately forward such payments to Company or, at the direction of Company, to the applicable Lenders.
  8. 13.3 Independent Contractor. The Parties to this Agreement are independent contractors.  There is no relationship of partnership, joint venture, employment, franchise or agency created hereby between the Parties.  Neither Party will have the power to bind the other or incur obligations on the other Party’s behalf without the other Party’s prior written consent.  Each Party further agrees that the relationship created by this Agreement is non-exclusive.
  9. 13.4 No Waiver of Defaults. Any waiver of breach or default pursuant to this Agreement will not be a waiver of any other subsequent default.  Failure or delay by either Party to enforce any term or condition of this Agreement will not constitute a waiver of such term or condition.
  10. 13.5 If any provision of the Agreement is found to be invalid, illegal or unenforceable by a court of competent jurisdiction, the remaining provisions shall in no way be affected and shall remain in full force and effect.
  11. 13.6 Upon termination of the Agreement, all rights and duties of the Parties under this Agreement shall cease, except that these Terms and Provider’s obligation to pay any outstanding unpaid fees accruing during the Term shall survive termination.
  12. 13.7 No alteration, waiver, cancellation, or any other change or modification in any term or condition of this Agreement will be valid or binding on either Party unless made in writing and signed by duly authorized representatives of both Parties.  Without limiting the generality of the foregoing, by utilizing the websites maintained at www.prosperhealthcare.com (and any related landing pages and subdomains thereof) in connection with the Services, Provider thereby agrees to these Terms, as revised from time to time.
  13. 13.8 Governing Law. The Agreement shall be governed by and construed under the laws of the State of California without regard to conflict of laws provisions thereof.
  14. 13.9 Force Majeure.  Notwithstanding anything contained herein to the contrary, neither Party shall be liable to the other or to any third Party for any delay or default in performing its obligations under this Agreement if such delay or default is caused by circumstances beyond its control, including but not limited to wars or insurrections, riots, acts of government, strikes, work stoppages, labor troubles, fire, explosion, earthquake, flood, embargoes and/or its inability to obtain materials or to any other cause outside the reasonable control of the Parties.
  15. 13.10 This Agreement may be executed in one or more counterparts, including facsimiles and electronic copies, each of which will be deemed to be a duplicate original, but all of which, taken together, will be deemed to constitute a single instrument.
  16. 13.11 All notices required or permitted under this Agreement must be in writing and shall be deemed effectively given: (i) upon delivery, when delivered personally against receipt therefor; (ii) upon delivery when sent by certified mail, postage prepaid and return receipt requested; (iii) upon transmission, when transmitted by email or other electronic transmission method, provided that receipt is confirmed; (iv) upon delivery, when sent by Federal Express or other nationally recognized overnight delivery service; or (v) three days after deposit if by U.S. mail, postage prepaid.  Any such notice shall be sent to the Provider at the address provided on the Services Agreement or to Prosper Healthcare LLC, c/o Prosper Marketplace, Inc., 221 Main Street, 3rd Floor, San Francisco, CA 94105, Attention: General Counsel, e-mail address: legalnotices@prosper.com.
  17. 13.12 Term and Termination.
  18. 13.12.1 Initial One Year Term. This Agreement shall have an initial term of one year from the Effective Date (as defined below) and shall renew for successive one year terms, unless terminated by either Party as set forth in this Section 13.12. Before Company can activate Provider’s participation in the Program (i) all the persons at Provider’s office(s) who will promote the Program and submit requests for Loans have completed training in the Program, and (ii) Provider has displayed brochures, website links and other promotional materials for the Program in Provider’s office(s) and Provider’s website, as applicable.  For the purposes of this Agreement, the “Effective Date” shall be the first business day following the date on which the Provider has been activated in the Program and Company has verified Provider’s eligibility for the Program.
  19. 13.12.2 Company may terminate this Agreement by written notice at any time for Provider’s (i) willful misconduct, gross negligence or fraud, or (ii) conviction of or entry of a plea of guilty or nolo contendere (or its equivalent) of any felony or crime of moral turpitude; provided that for purposes of termination hereunder, the actions of any officer, director, manager, partner, employee, or other representative of Provider shall be deemed to be those of Provider. This Agreement shall terminate automatically if the Provider has not been activated in the Program within six (6) months of signing the Services Agreement. Provider may terminate this Agreement for any reason with thirty (30) days written notice.
  20. 13.13 Neither Party may assign, voluntarily, by operation of law, or otherwise, any rights or delegate any duties under this Agreement without the prior written consent of the other Party; provided that Company may assign the Agreement in connection with the acquisition of all or substantially all of the assets of Company or an assignment as a matter of law pursuant to a merger or otherwise. Any attempt to assign the Agreement other than as permitted above will be null and void. Subject to the foregoing, this Agreement shall be binding upon and shall inure to Parties and their respective successors and permitted assigns.
  21. 13.14 Entire Agreement. This Agreement and any exhibits attached hereto contain the entire agreement between the Parties and supersedes any prior written or oral agreement between the Parties concerning the subject matter contained herein.  There are no representations, agreements, arrangements or understandings, oral or written, between or among the Parties relating to the subject matter contained in this Agreement, which are not fully expressed herein.
  22. 13.15 Consent to Doing Business Electronically.
  23. 13.15.1. As a participant in the Program, from time to time Provider will receive disclosures, notices, documents and information (“Communications”) from Company or our respective affiliates and agents (collectively, “we” or “us”). We can only give Provider the benefits of the Program by conducting business through the Internet, and therefore we need Provider to consent to receiving Communications electronically. This Section 13.15 informs Provider of its rights when receiving Communications from us electronically.
  24. 13.15.2. Electronic Communications. Provider agrees that all Communications from us relating to your use of the Program may be provided or made available to it electronically by e-mail or at our website.  If Provider consents, Provider still has 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 Communications at any time in our sole discretion.
  25. 13.15.3. Scope of Consent. Provider’s consent to receive Communications and do business electronically, and our agreement to do so, applies to all of Provider’s interactions and transactions through the Program.
  26. 13.15.4. Hardware and Software Requirements. To access and retain the Communications electronically, Provider will need to use a computer with Internet Explorer 7.0 or above, Firefox 3.0 or above, or similar software, Adobe Acrobat and hardware capable of running this software.  Provider acknowledges that it can access the electronic Communications in the designated formats described herein.
  27. 13.15.5. Mobile Technology. If Provider accesses our site electronically through a mobile device, such as a tablet, smartphone or similar device, Provider must be able to print and save the transmitted Communications.  Applications that support printing and saving for most mobile devices can be found through the mobile device’s app store for that device.  If the mobile device does not have this functionality, Provider must access our website through alternate means that provide the ability to print and save the Communications.
  28. 13.15.6. Withdrawing Consent. Provider may withdraw its consent to receive Communications electronically by contacting us in the manner described below. If Provider withdraws its consent, from that time forward, Provider will not be able to fully participate in the Program. The withdrawal of Provider’s consent will not affect the legal validity and enforceability of any requests for funding through the Program, or any electronic Communications provided or business transacted between Provider and us prior to the time Provider withdraws its consent. With respect to pending funding requests, we will send you any further Communications by mail or other non-electronic means.
  29. 13.15.7. Assignment. In addition, Provider further acknowledges that its consent to have all Communications provided or made available to it in electronic form and to do business on or through the Program is assignable to any of Provider’s successors, heirs or assigns.
  30. 13.15.8. Changes in Contact Information. Please keep us informed of any changes in Provider’s email or mailing address to continue to receive all Communications without interruption.  Please contact us by email at compliance@prosper.com or by writing to us at Prosper Healthcare LLC, c/o Prosper Marketplace, Inc., 221 Main Street, Third Floor, San Francisco, CA 94105, Attn: Compliance.