VentureXpert Advisors Legal & Compliance
VentureXpert Advisors, Inc.

Terms of Use

Effective Date: June 30, 2026

Effective Date: June 30, 2026

1. Introduction

Welcome to VentureXpert Advisors, Inc. (“VentureXpert,” “we,” “our,” or “us”). These Terms of Use (“Terms”) govern your access to and use of our websites, software, messaging services, and related technologies (collectively, the “Services”).

VentureXpert provides technology services, including SMS messaging services, to NextLot, LLC and independent auction companies using the NextLot platform, as well as other clients that may utilize VentureXpert’s messaging services from time to time.

By accessing our Services, subscribing to SMS notifications, or otherwise using our Services, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you should not access or use the Services.

If you are accepting these Terms on behalf of a company or organization, you represent that you have authority to bind that organization to these Terms.

2. Definitions

For purposes of these Terms:

Auction Company means an independent business that utilizes the NextLot platform and VentureXpert’s messaging services to communicate with bidders and customers.

Bidder means any individual who registers for, participates in, or receives communications regarding an auction.

Client means any business or organization receiving messaging or technology services from VentureXpert.

Personal Information means information relating to an identified or identifiable natural person, including “Personal Data” as defined by the General Data Protection Regulation (GDPR) where applicable.

Services include, without limitation:

  • SMS messaging
  • Mobile notifications
  • Auction reminders
  • Marketing communications
  • Transactional communications
  • Websites
  • APIs
  • Software applications
  • Technology integrations
  • Customer support services

3. Description of Services

VentureXpert Advisors, Inc. provides SMS messaging and related communications services to NextLot, LLC and independent auction companies using the NextLot platform. These Services enable Auction Companies to communicate with bidders and prospective bidders regarding upcoming auctions, bidder registration, auction reminders, bidding activity, transactional updates, customer service communications, promotional announcements (where consent has been obtained), and other auction-related information. These Services may include:

  • promotional text messages;
  • auction announcements;
  • bidder reminders;
  • registration notifications;
  • event updates;
  • transactional communications;
  • customer service communications; and
  • other communications requested by our clients.

For example, VentureXpert currently provides SMS messaging services for NextLot, LLC to notify prospective and registered bidders regarding upcoming auctions conducted by independent auction companies using the NextLot auction platform.

VentureXpert is a technology service provider and generally does not own, control, or operate the auctions promoted through the Services. Auction listings, descriptions, bidding rules, terms of sale, payment obligations, and fulfillment of purchased items remain the sole responsibility of the applicable Auction Company.

4. Eligibility

You may use the Services only if:

  • you are at least eighteen (18) years of age or have obtained appropriate parental or legal guardian consent where permitted by applicable law;
  • you possess the legal capacity to enter into binding agreements;
  • your use of the Services complies with all applicable laws and regulations; and
  • you provide accurate and complete information when requested.

We reserve the right to suspend or terminate access to the Services if we reasonably believe these eligibility requirements are not satisfied.

5. International Users

VentureXpert provides Services to clients and users located in multiple jurisdictions, including, but not limited to:

  • United States
  • Canada
  • Member States of the European Union
  • United Kingdom
  • Australia
  • New Zealand
  • Other jurisdictions where our Services may lawfully be offered.

Users are responsible for ensuring that their use of the Services complies with the laws applicable in their jurisdiction.

Where applicable, VentureXpert endeavors to comply with:

  • the General Data Protection Regulation (GDPR);
  • the UK General Data Protection Regulation (UK GDPR);
  • Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA);
  • Canada’s Anti-Spam Legislation (CASL);
  • the United States Telephone Consumer Protection Act (TCPA);
  • applicable state privacy laws;
  • applicable telecommunications regulations; and
  • industry messaging standards, including CTIA messaging principles and carrier requirements.

Nothing contained in these Terms shall be interpreted as limiting any non-waivable rights provided under applicable law.

6. User Responsibilities

By using the Services, you agree that you will:

  • provide accurate information;
  • maintain current contact information where applicable;
  • comply with all applicable laws;
  • refrain from using the Services for unlawful purposes;
  • not interfere with or disrupt the Services;
  • not attempt to gain unauthorized access to any systems;
  • not transmit malicious software or harmful code;
  • not impersonate another individual or organization;
  • not use automated tools to abuse the Services; and
  • comply with any additional instructions provided by VentureXpert or our clients.

You remain solely responsible for your use of the Services and any information you provide through them.

7. SMS Messaging Services

Certain Services involve SMS or MMS messaging.

By voluntarily opting in to receive text messages, you expressly consent to receive recurring automated or non-automated communications relating to auctions, registrations, bidding opportunities, reminders, customer service, or other communications requested by the applicable Auction Company.

Message frequency varies based upon your activity and interests.

Consent to receive marketing messages is not a condition of purchasing any goods or services.

Message and data rates may apply depending upon your mobile carrier and wireless service plan.

You may opt out of receiving marketing text messages at any time by replying STOP to any message.

You may request assistance by replying HELP where available or by contacting us using the information listed in the Notices section of these Terms.

Transactional or legally required communications may still be sent where permitted by applicable law.

VentureXpert maintains records of SMS consent as required by applicable law and industry standards.

SMS messages may not be available in every country or through every mobile carrier. Delivery times are not guaranteed and may vary depending upon carrier networks and technical conditions.

8. Intellectual Property Rights

Unless otherwise indicated, the Services, including all software, technology, websites, text, graphics, logos, designs, user interfaces, databases, source code, object code, documentation, and other content made available through the Services (collectively, the “Content”), are owned by or licensed to VentureXpert Advisors, Inc., its licensors, or its clients, including NextLot, LLC, and are protected by applicable intellectual property laws.

Nothing in these Terms transfers ownership of any intellectual property rights to you.

Subject to your compliance with these Terms, VentureXpert grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Services solely for their intended purpose.

You may not:

  • copy, modify, distribute, or create derivative works from the Services;
  • reverse engineer, decompile, or disassemble any software except where expressly permitted by applicable law;
  • remove copyright, trademark, or proprietary notices;
  • use the Services to develop competing products or services;
  • use VentureXpert’s or NextLot’s trademarks without prior written permission; or
  • reproduce or redistribute any portion of the Services except as expressly authorized.

Nothing contained herein grants any ownership interest in VentureXpert’s, NextLot’s, or any Auction Company’s intellectual property.

9. Acceptable Use

You agree not to use the Services to:

  • violate any applicable law or regulation;
  • transmit unlawful, fraudulent, deceptive, defamatory, obscene, threatening, or harassing content;
  • infringe upon the intellectual property rights of others;
  • distribute malware, viruses, ransomware, or other malicious code;
  • interfere with or disrupt the integrity, performance, or availability of the Services;
  • attempt unauthorized access to any systems or accounts;
  • scrape, harvest, or collect data through automated means without authorization;
  • send unsolicited communications in violation of applicable anti-spam laws;
  • impersonate another individual or entity; or
  • engage in activities that could damage VentureXpert’s reputation or the reputation of our clients.

Violation of this section may result in immediate suspension or termination of access to the Services.

10. Third-Party Services

The Services may integrate with or provide access to third-party websites, software, payment processors, mobile carriers, cloud providers, or other services.

VentureXpert does not own or control these third-party services and is not responsible for:

  • their availability;
  • their security practices;
  • their privacy practices;
  • their content;
  • their performance; or
  • their terms and conditions.

Your use of third-party services is governed by the applicable third party’s terms and privacy policies.

11. Auction Information

Auction information distributed through the Services is provided by independent Auction Companies.

VentureXpert and NextLot do not warrant the accuracy, completeness, legality, authenticity, quality, availability, or suitability of:

  • auction listings;
  • item descriptions;
  • photographs;
  • bidding procedures;
  • reserve prices;
  • payment requirements;
  • shipping arrangements; or
  • title to auctioned property.

Questions regarding an auction or an auction item should be directed to the Auction Company conducting that auction.

12. Privacy and Data Protection

Your use of the Services is also governed by VentureXpert's Privacy Policy and, where applicable, the SMS Messaging Terms & Conditions, each of which is incorporated into these Terms by reference.

VentureXpert Advisors, Inc. provides SMS messaging and related communications services to NextLot, LLC and independent auction companies using the NextLot platform.

Depending upon the specific Services being provided and the applicable law, VentureXpert generally acts as:

  • a Data Processor under the General Data Protection Regulation (GDPR) and the UK General Data Protection Regulation (UK GDPR);

  • a Service Provider or Contractor under applicable U.S. state privacy laws, including the California Consumer Privacy Act, as amended by the California Privacy Rights Act (CCPA/CPRA); or

  • a comparable service provider under other applicable privacy laws.

Independent Auction Companies generally determine the purposes and means for which bidder information is collected and used and therefore generally act as the applicable Data Controller, Business, or equivalent legal role under applicable law.

VentureXpert processes personal information only as necessary to provide the Services requested by its clients and in accordance with applicable agreements, documented instructions, and applicable law.

Nothing in these Terms modifies the respective legal responsibilities of VentureXpert, NextLot, or an Auction Company under applicable privacy laws.

13. Availability of Services

While VentureXpert strives to provide reliable Services, we do not guarantee uninterrupted or error-free operation.

The Services may occasionally become unavailable due to:

  • maintenance;
  • software updates;
  • equipment failures;
  • telecommunications outages;
  • cyber incidents;
  • force majeure events; or
  • circumstances beyond our reasonable control.

We reserve the right to suspend or modify the Services at any time.

14. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICES ARE PROVIDED “AS IS,” “AS AVAILABLE,” AND WITHOUT WARRANTIES OF ANY KIND.

VENTUREXPERT DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING WARRANTIES OF:

  • MERCHANTABILITY;
  • FITNESS FOR A PARTICULAR PURPOSE;
  • NON-INFRINGEMENT;
  • TITLE;
  • ACCURACY;
  • RELIABILITY;
  • SECURITY; AND
  • UNINTERRUPTED AVAILABILITY.

WE DO NOT WARRANT THAT:

  • THE SERVICES WILL ALWAYS OPERATE WITHOUT INTERRUPTION;
  • SMS MESSAGES WILL BE DELIVERED WITHOUT DELAY;
  • ALL MOBILE CARRIERS WILL SUPPORT THE SERVICES;
  • THE SERVICES WILL BE ERROR-FREE; OR
  • THE SERVICES WILL ALWAYS BE FREE FROM SECURITY RISKS.

Some jurisdictions do not permit certain warranty exclusions, so portions of this section may not apply to you.

15. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, VENTUREXPERT ADVISORS, INC., ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AFFILIATES, CLIENTS, LICENSORS, INCLUDING NEXTLOT, LLC, SHALL NOT BE LIABLE FOR ANY:

  • INDIRECT DAMAGES;
  • INCIDENTAL DAMAGES;
  • SPECIAL DAMAGES;
  • EXEMPLARY DAMAGES;
  • PUNITIVE DAMAGES;
  • CONSEQUENTIAL DAMAGES;
  • LOST PROFITS;
  • LOST REVENUE;
  • LOST BUSINESS OPPORTUNITIES;
  • LOSS OF DATA; OR
  • BUSINESS INTERRUPTION,

ARISING OUT OF OR RELATING TO THE SERVICES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE EXTENT PERMITTED BY LAW, OUR TOTAL LIABILITY ARISING OUT OF THESE TERMS SHALL NOT EXCEED THE GREATER OF:

  1. ONE HUNDRED U.S. DOLLARS (US $100); OR

  2. THE AMOUNT PAID TO VENTUREXPERT FOR THE APPLICABLE SERVICES DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

Nothing in these Terms excludes liability that cannot lawfully be excluded under applicable law.

16. Indemnification

You agree to defend, indemnify, and hold harmless VentureXpert Advisors, Inc., its affiliates, officers, directors, employees, agents, contractors, licensors, and clients, including NextLot, LLC, from and against any claims, liabilities, damages, judgments, losses, costs, or expenses (including reasonable attorneys’ fees) arising out of:

  • your violation of these Terms;
  • your misuse of the Services;
  • your violation of applicable law;
  • your infringement of another person’s rights; or
  • content or information you submit through the Services.

This obligation survives termination of these Terms.

17. Suspension and Termination

VentureXpert reserves the right, in its sole discretion and without prior notice where permitted by law, to suspend, restrict, or terminate your access to all or part of the Services if we reasonably believe that:

  • you have violated these Terms;
  • you have violated applicable law or regulations;
  • your use poses a security risk to VentureXpert, NextLot, an Auction Company, or other users;
  • fraudulent, abusive, or unauthorized activity has occurred;
  • continued access could expose VentureXpert or its clients to legal or operational risk; or
  • suspension or termination is otherwise necessary to protect the integrity or security of the Services.

Termination of your access does not relieve you of obligations incurred prior to termination. Any provisions of these Terms that by their nature should survive termination—including, without limitation, intellectual property, indemnification, disclaimers, limitations of liability, dispute resolution, and governing law—shall remain in effect.

18. Compliance with Applicable Laws

You agree to comply with all applicable local, state, provincial, national, and international laws governing your use of the Services.

Without limitation, the Services are intended to operate in accordance with applicable privacy, telecommunications, consumer protection, and anti-spam laws, including, where applicable:

  • the U.S. Telephone Consumer Protection Act (TCPA);
  • Canada’s Anti-Spam Legislation (CASL);
  • Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA);
  • the European Union General Data Protection Regulation (GDPR);
  • the UK General Data Protection Regulation (UK GDPR);
  • applicable U.S. state privacy laws; and
  • applicable telecommunications regulations and industry standards.

Nothing in these Terms shall limit any mandatory legal rights that cannot be waived under applicable law.

19. International Data Transfers

Because VentureXpert provides Services to clients located in multiple countries, personal information may be transferred to and processed in jurisdictions other than the country in which it was originally collected, including the United States.

Where required by applicable law, VentureXpert implements appropriate safeguards for international data transfers, including contractual safeguards or other legally recognized transfer mechanisms.

Additional information regarding international transfers is available in our Privacy Policy.

20. California Privacy Rights

If you are a California resident, you may have certain rights under the California Consumer Privacy Act ("CCPA"), as amended by the California Privacy Rights Act ("CPRA"), subject to applicable exceptions and limitations.

Those rights may include:

  • the right to know the categories of personal information collected about you;

  • the right to request access to personal information;

  • the right to request correction of inaccurate personal information;

  • the right to request deletion of personal information;

  • the right to obtain information regarding the disclosure of personal information;

  • the right to limit the use of sensitive personal information where applicable; and

  • the right not to be discriminated against for exercising your privacy rights.

VentureXpert generally acts as a Service Provider or Contractor under the CCPA/CPRA when providing Services to NextLot, LLC and independent auction companies using the NextLot platform.

VentureXpert does not sell personal information or share personal information for cross-context behavioral advertising as those terms are defined under California law.

Requests regarding personal information that is controlled by an Auction Company may be referred to the applicable Auction Company, which is generally responsible for responding to such requests as the "Business" under the CCPA/CPRA.

21. Electronic Communications

By using the Services, you consent to receive communications from VentureXpert electronically, including by email, SMS, website notices, or other electronic means, where permitted by law.

Electronic communications satisfy any legal requirement that communications be in writing.

22. Force Majeure

VentureXpert shall not be liable for delays or failures in performance resulting from causes beyond its reasonable control, including but not limited to:

  • natural disasters;
  • acts of God;
  • fire;
  • flood;
  • pandemic;
  • war;
  • terrorism;
  • civil unrest;
  • labor disputes;
  • governmental actions;
  • utility failures;
  • internet outages;
  • telecommunications failures;
  • cloud service interruptions; or
  • cyberattacks beyond our reasonable ability to prevent.

During such events, our obligations will be suspended for the duration of the event and resumed as soon as reasonably practicable.

23. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of North Carolina, United States, without regard to its conflict of law principles.

Nothing in this section limits any mandatory consumer protection rights available under applicable law in your jurisdiction.

24. Dispute Resolution

The parties agree to first attempt to resolve any dispute through good-faith negotiations.

If a dispute cannot be resolved informally, either party may pursue any rights or remedies available under applicable law.

Nothing in these Terms limits VentureXpert’s right to seek injunctive or equitable relief to protect its intellectual property, confidential information, or other legal rights.

Where arbitration or alternative dispute resolution is required by applicable law or by separate agreement, those provisions shall govern.

25. Severability

If any provision of these Terms is determined to be invalid, unlawful, or unenforceable, the remaining provisions shall remain in full force and effect.

Any unenforceable provision shall be interpreted to achieve, as nearly as possible, the original intent while remaining enforceable under applicable law.

26. No Waiver

Failure by VentureXpert to enforce any provision of these Terms shall not constitute a waiver of that provision or of any other provision.

Any waiver must be in writing and signed by an authorized representative of VentureXpert.

27. Entire Agreement

These Terms, together with our Privacy Policy, SMS Messaging Terms & Conditions, and any additional agreements expressly incorporated by reference, constitute the entire agreement between you and VentureXpert regarding the Services and supersede all prior or contemporaneous understandings relating to the subject matter.

28. Changes to These Terms

VentureXpert may update these Terms from time to time to reflect changes in our Services, legal requirements, or business practices.

When material changes are made, we will update the Effective Date and, where required by law, provide additional notice.

Your continued use of the Services after updated Terms become effective constitutes acceptance of the revised Terms.

29. Contact Information

Questions regarding these Terms may be directed to:

VentureXpert Advisors, Inc.

Business Address: 4441 Six Forks Rd., Ste. 106-132, Raleigh, NC 27607

Email: support@venturexpertadvisors.com

Telephone: 919-926-8038

30. Notices

Legal notices under these Terms shall be sent to the contact information identified above unless VentureXpert designates an updated address.

You may also receive legal or operational notices from VentureXpert electronically where permitted by applicable law.

31. Assignment

You may not assign or transfer any rights or obligations under these Terms without VentureXpert’s prior written consent.

VentureXpert may assign these Terms, in whole or in part, in connection with a merger, acquisition, corporate reorganization, sale of assets, or by operation of law.

32. Relationship of the Parties

Nothing in these Terms creates a partnership, joint venture, agency, employment, or fiduciary relationship between you and VentureXpert.

VentureXpert acts as an independent technology service provider and, with respect to SMS messaging services, generally serves as a service provider or data processor on behalf of its clients. Independent Auction Companies remain responsible for the content of their auctions, their bidder relationships, and compliance with laws applicable to their own businesses.

33. Headings

Section headings are provided solely for convenience and shall not affect the interpretation of these Terms.

34. Questions

If you have any questions concerning these Terms of Use, please contact VentureXpert using the information provided in Section 28.

By accessing or using the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.

Read the Privacy Policy → Read the SMS Terms & Conditions →
VentureXpert Advisors, Inc.

Privacy Policy

Effective Date: June 30, 2026

Effective Date: June 30, 2026

1. Introduction

VentureXpert Advisors, Inc. (“VentureXpert,” “we,” “our,” or “us”) is committed to protecting your privacy and handling personal information in a transparent, secure, and responsible manner.

This Privacy Policy explains how we collect, use, disclose, store, and protect personal information when providing SMS messaging and related technology services to NextLot, LLC and independent auction companies using the NextLot platform, as well as other clients that may utilize VentureXpert’s messaging services from time to time.

This Privacy Policy applies to:

  • SMS messaging services;
  • websites operated by VentureXpert;
  • online registration forms;
  • mobile applications, if applicable;
  • customer support interactions; and
  • any other services that link to this Privacy Policy.

By using our Services or providing your information, you acknowledge that you have read this Privacy Policy.

2. Our Role

Understanding the relationship between VentureXpert, NextLot, and Auction Companies is important.

Independent Auction Companies

Independent Auction Companies determine:

  • which auctions are conducted;
  • which bidders receive communications;
  • what information is collected from bidders;
  • the purposes for which bidder information is used; and
  • the content of auction listings.

These Auction Companies generally act as the Controller (or equivalent legal role under applicable law) with respect to bidder information.

NextLot, LLC

NextLot provides the online auction software platform used by Auction Companies to manage auctions, bidder registrations, and online bidding.

VentureXpert Advisors, Inc.

VentureXpert provides messaging technology and related communications services.

Depending upon applicable law and the specific services being provided, VentureXpert generally acts as:

  • a Data Processor under the General Data Protection Regulation (GDPR) and UK GDPR;
  • a Service Provider or Contractor under applicable U.S. state privacy laws, including the California Consumer Privacy Act, as amended by the California Privacy Rights Act (CCPA/CPRA); or
  • a comparable service provider under other applicable privacy laws.

VentureXpert processes personal information only for the purpose of delivering the services requested by its clients and does not determine the business purposes for which Auction Companies collect bidder information.

3. Information We Collect

Depending upon the Services being provided, we may process the following categories of personal information.

Contact Information

  • Name
  • Mobile telephone number
  • Email address
  • Mailing address (if provided)

Auction Participation Information

  • Auction registrations
  • Auction interests
  • Auction reminders
  • Bid history (where necessary to provide messaging services)
  • Client preferences

SMS Messaging Information

  • Mobile telephone number
  • Opt-in records
  • Date and time of consent
  • Method of consent
  • Opt-out records
  • Message delivery status
  • Carrier responses
  • HELP and STOP requests
  • Messaging history necessary to administer the SMS program

Maintaining records of consent helps VentureXpert and its clients comply with applicable telecommunications and privacy laws.

Technical Information

When interacting with our websites or systems, we may collect technical information such as:

  • IP address;
  • browser type;
  • operating system;
  • device identifiers;
  • approximate geographic region;
  • language preferences;
  • log files; and
  • system diagnostics.

We collect only the technical information reasonably necessary to secure and operate our Services.

Customer Support Information

If you contact us, we may maintain records of:

  • correspondence;
  • customer support requests;
  • service inquiries;
  • complaint investigations; and
  • communications necessary to resolve issues.

4. How We Collect Information

We collect personal information from several sources.

Directly from You

For example:

  • registering for an auction;
  • opting in to receive SMS messages;
  • contacting customer support;
  • completing online forms;
  • subscribing to communications.

From Auction Companies

Auction Companies using the NextLot platform may provide information necessary for VentureXpert to deliver SMS communications on their behalf.

From NextLot

NextLot may provide information necessary to facilitate messaging services, bidder notifications, and platform integrations.

Automatically

Certain technical information is collected automatically when interacting with our Services for security, operational, and diagnostic purposes.

We do not collect more information than is reasonably necessary for these purposes.

5. How We Use Personal Information

We process personal information only for legitimate business purposes and only to the extent permitted by applicable law.

Examples include:

  • delivering SMS notifications;
  • sending auction reminders;
  • notifying bidders of upcoming auctions;
  • confirming registrations;
  • responding to customer inquiries;
  • maintaining records of consent;
  • complying with telecommunications requirements;
  • improving service reliability;
  • protecting the security of our systems;
  • preventing fraud;
  • investigating misuse of the Services;
  • complying with legal obligations; and
  • fulfilling contractual obligations owed to our clients.

We do not use personal information for unrelated marketing activities.

6. SMS Messaging

Our SMS services are provided on behalf of clients such as NextLot, LLC and the independent Auction Companies using the NextLot platform.

SMS messages may include:

  • auction announcements;
  • registration reminders;
  • bidding reminders;
  • upcoming auction notifications;
  • event updates;
  • customer service messages; and
  • other communications authorized by the applicable Auction Company.

Message frequency varies.

Message and data rates may apply.

You may opt out at any time by replying STOP.

You may request assistance by replying HELP where supported or by contacting us using the information provided in this Privacy Policy.

Importantly:

SMS consent is never sold, rented, or shared with third parties or affiliates for their own marketing purposes.

We maintain records of SMS consent to comply with applicable legal and carrier requirements.

For individuals located in the European Economic Area or the United Kingdom, VentureXpert processes personal information only where an appropriate legal basis exists.

Depending upon the circumstances, these legal bases may include:

  • your consent;
  • performance of a contract;
  • compliance with legal obligations;
  • protection of vital interests;
  • legitimate business interests that are not overridden by your rights; or
  • another lawful basis recognized under applicable law.

Where processing is based on consent, you may withdraw that consent at any time. Withdrawal of consent does not affect the lawfulness of processing conducted before the withdrawal.

Where VentureXpert acts solely as a processor on behalf of an Auction Company, requests relating to the exercise of privacy rights may be referred to the applicable Auction Company, which serves as the primary controller of that personal information.

8. Disclosure of Personal Information

VentureXpert does not sell your personal information.

We do not rent your personal information.

We do not share your SMS consent with third parties or affiliates for their own marketing purposes.

We disclose personal information only as reasonably necessary to operate our Services or as otherwise required or permitted by applicable law.

We may disclose personal information to the following categories of recipients:

Service Providers

We may engage trusted vendors to assist in providing our Services, including providers of:

  • cloud hosting;
  • SMS delivery;
  • telecommunications;
  • cybersecurity;
  • technical support;
  • software infrastructure;
  • system monitoring; and
  • professional services.

Each provider is contractually required to protect personal information and may use it only to perform services on our behalf.

NextLot, LLC

Where necessary to provide messaging services, VentureXpert may share information with NextLot, LLC in connection with operation of the NextLot auction platform.

Auction Companies

We may disclose information to the Auction Company responsible for the auction for which you registered or from which you requested communications.

We may disclose information when we believe disclosure is reasonably necessary to:

  • comply with legal obligations;
  • respond to lawful governmental requests;
  • protect the rights or safety of VentureXpert, NextLot, Auction Companies, or users;
  • investigate fraud or unlawful activity;
  • enforce our agreements; or
  • protect against legal claims.

Corporate Transactions

If VentureXpert is involved in a merger, acquisition, financing, reorganization, or sale of assets, personal information may be transferred as part of that transaction, subject to applicable confidentiality and privacy obligations.

9. We Do Not Sell or Share Personal Information for Cross-Context Behavioral Advertising

VentureXpert does not:

  • sell personal information;
  • broker personal information;
  • trade mailing lists;
  • monetize bidder information;
  • use SMS consent for unrelated marketing; or
  • share personal information for cross-context behavioral advertising as those terms are defined under applicable privacy laws.

Personal information is processed solely to provide the services requested by our clients.

10. International Data Transfers

Because VentureXpert provides services to organizations operating in multiple countries, personal information may be transferred to and processed in jurisdictions outside your country of residence, including the United States.

Where required by law, VentureXpert implements appropriate safeguards for international transfers, which may include:

  • Standard Contractual Clauses approved by the European Commission;
  • the UK International Data Transfer Addendum or successor mechanisms;
  • contractual confidentiality obligations;
  • technical and organizational safeguards; and
  • other lawful transfer mechanisms recognized by applicable law.

Regardless of where information is processed, VentureXpert applies commercially reasonable safeguards designed to protect personal information.

11. Data Retention

We retain personal information only for as long as reasonably necessary to:

  • provide the Services;
  • maintain records of consent;
  • comply with applicable laws;
  • resolve disputes;
  • investigate misuse;
  • enforce contractual obligations; and
  • satisfy legitimate business requirements.

Retention periods vary depending upon the nature of the information and applicable legal requirements.

When information is no longer required, it is securely deleted, anonymized, or otherwise disposed of using commercially reasonable methods.

12. Security

VentureXpert maintains administrative, technical, and physical safeguards designed to protect personal information against unauthorized access, disclosure, alteration, or destruction.

Our security measures may include:

  • encryption in transit where appropriate;
  • access controls;
  • authentication procedures;
  • employee confidentiality obligations;
  • network monitoring;
  • vulnerability management;
  • audit logging;
  • backup procedures; and
  • incident response processes.

No method of electronic storage or transmission is completely secure. While we strive to protect personal information, we cannot guarantee absolute security.

13. Your Privacy Rights

Depending upon where you reside, you may have rights regarding your personal information.

These rights may include:

  • the right to know what personal information is collected;
  • the right to access personal information;
  • the right to request correction of inaccurate information;
  • the right to request deletion of personal information;
  • the right to restrict certain processing;
  • the right to object to certain processing;
  • the right to data portability;
  • the right to withdraw consent where processing is based on consent; and
  • the right not to be discriminated against for exercising applicable privacy rights.

Where VentureXpert acts solely as a processor or service provider, we may refer your request to the applicable Auction Company or NextLot, as appropriate.

14. California Privacy Rights (CCPA/CPRA)

If you are a California resident, you may have rights under the California Consumer Privacy Act, as amended by the California Privacy Rights Act.

Subject to applicable exceptions, you may have the right to:

  • know the categories of personal information collected;
  • know the sources of that information;
  • understand the purposes for which information is used;
  • request access to your personal information;
  • request deletion of personal information;
  • request correction of inaccurate information;
  • limit the use of sensitive personal information where applicable;
  • obtain information regarding disclosures of personal information; and
  • exercise your rights without unlawful discrimination.

VentureXpert acts primarily as a Service Provider under the CCPA/CPRA and processes personal information solely on behalf of its clients in accordance with applicable contractual obligations.

We do not sell personal information or share personal information for cross-context behavioral advertising.

15. Canadian Privacy Rights (PIPEDA)

For individuals located in Canada, VentureXpert manages personal information in accordance with the Personal Information Protection and Electronic Documents Act (PIPEDA) and other applicable Canadian privacy laws.

Canadian users generally have the right to:

  • request access to personal information;
  • request correction of inaccurate information;
  • withdraw consent where appropriate; and
  • inquire about VentureXpert’s privacy practices.

Requests may be submitted using the contact information provided at the end of this Privacy Policy.

16. European Privacy Rights (GDPR & UK GDPR)

Individuals located in the European Economic Area or the United Kingdom may have rights including:

  • access;
  • rectification;
  • erasure;
  • restriction of processing;
  • objection to processing;
  • data portability;
  • withdrawal of consent; and
  • lodging a complaint with an appropriate supervisory authority.

Where VentureXpert acts solely as a processor, requests concerning personal information controlled by an Auction Company may be forwarded to that controller for response.

We will reasonably cooperate with our clients in responding to lawful requests concerning personal information processed on their behalf.

17. Exercising Your Rights

To exercise applicable privacy rights, please contact VentureXpert using the information provided in the Contact Information section below.

To protect privacy, we may request information necessary to verify your identity before responding to your request.

Certain requests may be denied where permitted by applicable law, including where disclosure would adversely affect the rights of others or where VentureXpert is legally required to retain information.

We will respond within the timeframes required by applicable law.

18. Children’s Privacy

The Services are intended for use by adults and are not directed toward children under the age of 13 in the United States or the minimum age required under applicable law in other jurisdictions.

VentureXpert does not knowingly collect personal information directly from children in violation of applicable law.

If we become aware that personal information has been collected from a child in violation of applicable law, we will take reasonable steps to delete such information as soon as practicable.

Parents or legal guardians who believe that a child has provided personal information may contact us using the information provided at the end of this Privacy Policy.

19. Automated Decision-Making

VentureXpert does not use personal information to make decisions that produce legal or similarly significant effects about individuals solely through automated decision-making.

Certain automated processes may be used to:

  • schedule SMS communications;
  • verify message delivery;
  • process opt-in and opt-out requests;
  • monitor system performance;
  • detect fraudulent or abusive activity; and
  • improve the reliability and security of the Services.

These automated processes are designed to support the delivery of our Services and are not intended to replace human judgment in decisions that materially affect individuals.

20. Third-Party Websites and Services

Our Services may contain links to third-party websites, platforms, payment processors, social media services, or other resources that are not operated or controlled by VentureXpert.

This Privacy Policy does not apply to the privacy practices of those third parties.

We encourage you to review the privacy policies of any third-party websites or services that you access through links provided in connection with our Services.

21. Data Accuracy

We take reasonable steps to ensure that the personal information we process is accurate, complete, and current for the purposes for which it is used.

Because much of the information we process is provided by independent Auction Companies or users themselves, VentureXpert relies on those parties to notify us of changes or corrections where appropriate.

22. Confidentiality

Employees, contractors, and authorized service providers who have access to personal information are permitted to access such information only as necessary to perform their authorized responsibilities.

All personnel with access to personal information are expected to maintain its confidentiality and comply with applicable privacy and security obligations.

23. Data Breach Response

VentureXpert maintains incident response procedures designed to identify, investigate, contain, and remediate security incidents affecting personal information.

Where required by applicable law, VentureXpert will provide notifications of qualifying personal data breaches to affected clients, regulators, and individuals within the timeframes prescribed by law.

Because VentureXpert often acts as a service provider or data processor, we may notify the applicable Auction Company or NextLot, LLC first so they can fulfill any notification obligations applicable to their role as the data controller or business.

24. Changes to This Privacy Policy

VentureXpert may revise this Privacy Policy from time to time to reflect:

  • changes in applicable law;
  • changes to our Services;
  • technological developments;
  • changes in business practices; or
  • other operational requirements.

When material changes are made, we will update the Effective Date shown at the beginning of this Privacy Policy and, where required by law, provide additional notice through appropriate means.

Your continued use of the Services after the effective date of a revised Privacy Policy constitutes acknowledgment of the updated policy to the extent permitted by applicable law.

25. Contacting VentureXpert

If you have questions regarding this Privacy Policy or our privacy practices, please contact:

VentureXpert Advisors, Inc.

Business Address: 4441 Six Forks Rd., Ste. 106-132, Raleigh, NC 27607

Email: support@venturexpertadvisors.com

Telephone: 919-926-8038

26. Complaints

If you believe VentureXpert has not complied with applicable privacy laws, we encourage you to contact us first so that we may investigate and attempt to resolve your concerns.

Individuals located in certain jurisdictions may also have the right to lodge complaints with the applicable privacy or data protection authority.

For example:

  • Residents of the European Economic Area may contact the supervisory authority in their country of residence.
  • Residents of the United Kingdom may contact the UK Information Commissioner’s Office (ICO).
  • Canadian residents may contact the Office of the Privacy Commissioner of Canada.
  • California residents may have additional rights under applicable state privacy laws.

Nothing in this Privacy Policy limits any rights available under applicable law.

27. Scope of This Privacy Policy

This Privacy Policy applies only to VentureXpert Advisors, Inc.’s collection and processing of personal information in connection with the Services described herein.

Independent Auction Companies using the NextLot platform maintain their own privacy policies governing their collection and use of bidder information. Likewise, NextLot, LLC maintains its own privacy practices for the operation of its auction software platform.

Where VentureXpert processes personal information solely on behalf of an Auction Company or NextLot, VentureXpert does so in accordance with applicable contractual obligations and instructions received from the relevant controller or business.

28. Effective Date

Effective Date: June 30, 2026

This Privacy Policy supersedes any previous privacy policy relating to the Services described herein.

29. Acknowledgment

By using the Services or by providing personal information in connection with the Services, you acknowledge that you have read and understood this Privacy Policy.

Where consent is required by applicable law, VentureXpert will obtain or rely upon consent as required before processing personal information.

Where VentureXpert processes personal information solely on behalf of its clients, the applicable Auction Company or NextLot, LLC is responsible for obtaining any legally required notices or consents from its users.

30. Commitment to Privacy

VentureXpert Advisors, Inc. recognizes that trust is fundamental to the success of our clients and the users they serve.

We are committed to maintaining responsible privacy practices, protecting personal information with appropriate technical and organizational safeguards, complying with applicable privacy and telecommunications laws, and continuously improving our security and privacy programs as our business and legal obligations evolve.

Read the Terms of Use → Read the SMS Terms & Conditions →
VentureXpert Advisors, Inc.

SMS Messaging Terms & Conditions

Effective Date: June 30, 2026

Effective Date: June 30, 2026

1. Introduction

These SMS Messaging Terms & Conditions (“SMS Terms”) govern your participation in SMS and MMS messaging programs administered by VentureXpert Advisors, Inc. (“VentureXpert,” “we,” “our,” or “us”).

VentureXpert provides SMS messaging and related communications services to NextLot, LLC and independent auction companies using the NextLot platform, as well as other clients that may utilize VentureXpert’s messaging services from time to time.

By opting in to receive SMS or MMS messages, you acknowledge that you have read, understood, and agree to these SMS Terms, as well as our Terms of Use and Privacy Policy.

2. Program Description

Our messaging programs are designed to keep bidders and prospective bidders informed regarding auctions and related activities.

Depending upon the applicable auction company and your preferences, messages may include:

  • Upcoming auction announcements
  • Auction registration confirmations
  • Auction reminders
  • Bidder reminders
  • Auction day notifications
  • Account-related notifications
  • Customer service communications
  • Promotional announcements
  • Event updates
  • Other auction-related communications you have requested or consented to receive

Message content and frequency will vary based on your interactions with the applicable auction company.

3. Eligibility

You may enroll in an SMS program only if:

  • you are authorized to use the mobile telephone number provided;
  • you are legally permitted to receive text messages in your jurisdiction;
  • you provide accurate contact information; and
  • you comply with these SMS Terms and all applicable laws.

By voluntarily providing your mobile telephone number and opting into an SMS program, you expressly authorize VentureXpert to send text messages on behalf of NextLot, LLC and independent auction companies using the NextLot platform.

Where required by applicable law, your consent may be obtained through one or more of the following methods:

  • online registration forms;
  • auction registration;
  • website opt-in forms;
  • written authorization;
  • electronic consent;
  • keyword enrollment;
  • QR code enrollment;
  • other legally recognized methods of obtaining consent.

Consent to receive marketing text messages is not a condition of purchasing goods or services or participating in an auction.

5. Message Frequency

Message frequency varies.

The number of messages you receive depends upon factors including:

  • the number of auctions in which you register or express interest;
  • your communication preferences;
  • the auction company’s messaging practices;
  • customer service interactions; and
  • other services you request.

Some periods may involve more frequent communications, while other periods may involve few or no messages.

6. Message and Data Rates

Message and data rates may apply according to your wireless carrier’s pricing plan.

Charges imposed by your mobile carrier are your responsibility.

Please contact your wireless provider if you have questions regarding your messaging or data plan.

7. Supported Carriers

SMS services are available through participating wireless carriers in supported countries.

Delivery depends upon carrier availability, network conditions, and technical limitations.

Neither VentureXpert nor participating carriers guarantee:

  • uninterrupted service;
  • immediate delivery;
  • successful delivery to every device; or
  • compatibility with every wireless carrier.

Wireless carriers are not liable for delayed or undelivered messages.

8. Opting Out

You may stop receiving marketing SMS messages at any time.

To unsubscribe, reply:

STOP

After we process your request, you will receive a confirmation message indicating that you have been removed from the applicable messaging program.

Processing times may vary depending upon your carrier.

Opting out of one messaging program may not automatically unsubscribe you from unrelated messaging programs operated by different auction companies or clients using VentureXpert’s services.

Certain non-marketing or legally required communications may still be sent where permitted by applicable law.

9. Help

For assistance, reply:

HELP

where supported.

You may also contact VentureXpert using the contact information provided in these SMS Terms.

To comply with applicable telecommunications and privacy laws, VentureXpert maintains records relating to SMS enrollment, which may include:

  • the mobile number enrolled;
  • the date and time of enrollment;
  • the method of enrollment;
  • consent language presented at enrollment;
  • confirmation records;
  • opt-out requests; and
  • related messaging history reasonably necessary to administer the program.

These records are maintained in accordance with our Privacy Policy and applicable legal requirements.

11. International Messaging

VentureXpert supports messaging programs for clients operating in multiple countries, including the United States, Canada, the United Kingdom, member states of the European Union, and other supported jurisdictions.

Availability of messaging services varies by country and carrier.

Users are responsible for ensuring that participation in SMS programs is lawful in their jurisdiction.

Where applicable, VentureXpert endeavors to comply with relevant privacy and electronic communications laws, including:

  • the Telephone Consumer Protection Act (TCPA);
  • Canada’s Anti-Spam Legislation (CASL);
  • the Personal Information Protection and Electronic Documents Act (PIPEDA);
  • the General Data Protection Regulation (GDPR);
  • the UK General Data Protection Regulation (UK GDPR); and
  • other applicable privacy and telecommunications laws.

12. Privacy

Information collected in connection with SMS programs is governed by VentureXpert’s Privacy Policy.

Important privacy commitments include:

  • SMS consent is never sold, rented, licensed, or shared with third parties or affiliates for their own marketing purposes.
  • Personal information is processed solely for the purpose of providing services requested by our clients or as otherwise described in our Privacy Policy.
  • VentureXpert generally acts as a service provider or data processor on behalf of NextLot, LLC and the independent auction companies using the NextLot platform.

13. User Responsibilities

You agree to:

  • provide a valid mobile number;
  • promptly notify the applicable auction company if your number changes;
  • maintain authority to receive messages sent to that number;
  • comply with applicable laws; and
  • refrain from using the messaging services for unlawful or abusive purposes.

14. Suspension or Termination

VentureXpert reserves the right to suspend or terminate participation in any messaging program if necessary to:

  • protect the integrity of the Services;
  • comply with applicable law;
  • prevent fraud or abuse;
  • respond to carrier requirements; or
  • protect VentureXpert, NextLot, Auction Companies, or users.

15. Disclaimer

SMS delivery depends on mobile carriers, wireless networks, internet connectivity, and other third-party services beyond VentureXpert’s control.

Accordingly, VentureXpert makes no guarantee regarding:

  • uninterrupted delivery;
  • delivery timing;
  • availability on every carrier;
  • compatibility with every mobile device; or
  • error-free operation of messaging services.

Messaging services are provided on an “AS IS” and “AS AVAILABLE” basis to the fullest extent permitted by law.

16. Limitation of Liability

To the maximum extent permitted by applicable law, VentureXpert Advisors, Inc., its officers, directors, employees, affiliates, licensors, clients, including NextLot, LLC, and independent auction companies using the NextLot platform shall not be liable for any indirect, incidental, consequential, special, exemplary, or punitive damages arising from or relating to participation in any messaging program.

Nothing in these SMS Terms excludes liability that cannot lawfully be excluded under applicable law.

17. Changes to These SMS Terms

VentureXpert may revise these SMS Terms from time to time to reflect changes in law, carrier requirements, technology, or business practices.

Material revisions will become effective upon posting an updated version with a revised Effective Date and, where required by law, after providing additional notice.

Continued participation in a messaging program after the effective date of revised SMS Terms constitutes acceptance of the revised terms to the extent permitted by law.

18. Contact Information

Questions regarding these SMS Terms may be directed to:

VentureXpert Advisors, Inc.

Business Address: 4441 Six Forks Rd., Ste. 106-132, Raleigh, NC 27607

Email: support@venturexpertadvisors.com

Telephone: 919-926-8038

19. Governing Documents

These SMS Terms are incorporated into and should be read together with VentureXpert’s:

  • Terms of Use; and
  • Privacy Policy.

If there is a conflict between these SMS Terms and another agreement specifically governing an SMS messaging program, the more specific agreement shall control with respect to that program.

20. Acceptance

By enrolling in or participating in a VentureXpert-administered SMS messaging program, you acknowledge that you have read, understood, and agree to these SMS Messaging Terms & Conditions.

Read the Terms of Use → Read the Privacy Policy →