Smoola Policies

(Updated May 6, 2011)

This Smoola Policy (the “Policy”) governs the relationship between you and Smule, Inc. (“Smule”) regarding your use of Smule’s Magic Piano product and the Smoola virtual currency purchased or earned thereunder.

You may purchase Smoola only within the Magic Piano application. You may also earn Smoola within the Magic Piano application, as determined from time to time by Smule. Upon purchasing or earning Smoola, it will be credited to your Smoola account. By purchasing Smoola, you exchange “real world” money for a license to use a “virtual currency” known as Smoola. Accordingly, you have no ownership or other property interest in Smoola, and all rights in and to the virtual currency shall forever be and remain owned by and enure to the benefit of Smule.

You may only redeem Smoola to purchase songs or virtual goods within the Magic Piano application. Upon redemption of any Smoola, the amount available in your Smoola account will be reduced by the amount redeemed. Smoola is not redeemable for cash, except as required by applicable law.

Your Smoola account and any unused balances may not be given or sold and are not assignable or transferable. Accordingly, you may not trade, give, sell or attempt to sell Smoola or other product items or currency for “real” money, or exchange those items or currency for value of any kind outside of Magic Piano. Any gift, sale, transfer or assignment is prohibited and void and will subject your Smoola account to termination.

Smule reserves the right to suspend, terminate, or revoke the use of Smoola or any Smoola account at any time in its discretion, with or without cause or prior notice, subject to applicable law. Smule also reserves the right to terminate the license to your account and all of your Smoola in it if your account has been inactive for 180 days.

Smule may update or amend this Policy by posting an amendment or update on this website. Unless otherwise indicated by Smule, any amendment or update will apply to all outstanding Smoola and any transactions occurring on or after the effective date of the amendment or update. Your acceptance or use of your Smoola after the effective date of any update or amendment will confirm that you agree to the update or amendment. If you do not agree to any amendment or update, you must stop accepting or using your Smoola