Licence

Verso End User Licence Agreement.

For Verso and Verso Podcast. Version 1, effective 12 November 2026.

DRAFT FOR REVIEW: this text has not yet been reviewed by a lawyer.

This agreement is between you and Exaltes Global Private Limited ("we", "us"). It covers the Verso and Verso Podcast desktop apps, their updates, and the templates, music, sounds and AI models that come with them (together, "the app"). We have kept it as plain as we can. By installing or using the app, you agree to it. If you do not agree, do not install or use the app.

1. Who we are

Verso is made by Agape Labs, a brand of Exaltes Global Private Limited, a company registered in India.

Registered office: Plot 586, Tilak Marg, Sector 25, Nigdi-Pradhikaran, PCNT, Pune 411044, Maharashtra, India

CIN: U73100PN2025PTC249173

GSTIN: 27AAJCE3276G1ZH

Email: support@verso.video

2. Your licence

We give you a personal, non-exclusive, non-transferable licence to install and use the app on your own computers, for personal or commercial work, within the limits of your plan. The app is licensed to you, not sold. We keep all rights we do not give you here.

3. Devices

Each plan can be signed in on a set number of computers at once, shown for that plan in the app (Free: 1, Pro: up to 3, Team: per editor on your plan). To use it on another computer, sign out on one you no longer use, from the app or your account page.

4. What you may not do

You may not:

• copy, sell, rent, lend, share or sub-license the app or your plan;
• reverse engineer, decompile or disassemble the app, except where the law lets you do so despite this agreement;
• tamper with, bypass or disable the plan check, device limits, licence keys or other protection in the app;
• remove or change copyright, trademark or licence notices;
• use the app to break the law or anyone's rights.

5. Plans, offline use and payment

Paid plans (Pro and Team) are subscriptions, billed monthly or yearly at the prices shown when you subscribe, in Indian rupees including GST. Payments are processed by Razorpay.

Cancel any time, in the app or at api.verso.video/account. Your plan stays active until the end of the period you paid for, then your account moves to the Free plan.

Payments are not refunded, including for unused time, except in these cases, where you get a full refund:

• you were charged more than once for the same period;
• you paid but your plan's features never unlocked, and we could not fix it within 7 days of you telling us;
• you were renewed after you had cancelled;
• a payment you did not make, reported within 30 days.

Where Indian law gives you a further right to a refund, that right applies. Full details are in our Cancellation and Refund Policy at verso.video/refunds.

The app checks your plan with our server at least once every 3 days. If it cannot check for more than 3 days, paid features pause until it reconnects. Free features, your projects and your exports keep working offline.

6. Your content

You own the videos, audio and other material you bring into the app, and the reels and exports you make with it. Only edit and publish material you have the right to use. You may use the included templates, music, sounds and stickers in your exports, but you may not extract them and share or sell them on their own.

7. AI features

Captions, auto-cut, reframing, translation, voice and other AI features run on AI models on your computer. Your footage and audio are not sent to us to do this. AI can make mistakes: check captions, translations and edits before you publish. Do not use voice, dubbing or face features to impersonate a real person without their consent or to mislead people, and label AI-altered content where the law or the platform you publish on requires it.

8. Privacy

When you sign in, the app sends us your account details, your plan and a device identifier so it can check your plan and device limits. It does not send your projects or media. Our Privacy Policy at verso.video/privacy explains what we collect and your rights. Write to privacy@verso.video to access, correct or delete your data.

9. Updates

We may update the app to fix problems, keep it secure or add features. Some updates may be needed to keep using paid features.

10. Open-source software

The app includes open-source components, such as FFmpeg under the GNU Lesser General Public License. Each is licensed under its own terms, which this agreement does not change. You can read them in the app under Settings, About and licences, and in the licences folder installed with the app.

11. No warranty

We work hard to make the app reliable, but we provide it "as is" and "as available". To the extent the law allows, we do not promise that it will be uninterrupted, error-free or suitable for every purpose. Keep backups of your original footage and important projects. Nothing in this agreement limits your rights as a consumer under Indian law.

12. Limit of liability

To the extent the law allows, we are not liable for indirect or consequential losses, such as lost profits, lost data or lost opportunities. Our total liability to you for any claim about the app is limited to the amount you paid us in the 12 months before the claim, or INR 1,000 if you paid nothing.

13. Ending this agreement

You can stop using the app and uninstall it at any time. If you seriously or repeatedly break this agreement, we may end your licence; you must then stop using the app. Sections 6, 11, 12 and 14 continue after it ends.

14. Law and disputes

This agreement is governed by the laws of India. Please write to us first; most problems are solved quickly. If we cannot resolve it, the courts at Pune, India have exclusive jurisdiction, without affecting your right to approach a consumer commission under the Consumer Protection Act, 2019.

15. Changes

We may update this agreement as the app grows. If a change matters, the app will show you the new version and ask you to accept it before you carry on.

16. Contact and grievances

Help with the app, plans and payments: support@verso.video, or +91 97621 61832 (Monday to Saturday, 10:00 to 18:00 IST).

Privacy and complaints: our Grievance Officer, Joanna Paul, privacy@verso.video, Plot 586, Tilak Marg, Sector 25, Nigdi-Pradhikaran, PCNT, Pune 411044, Maharashtra, India. We acknowledge every complaint within 48 hours and resolve it within 30 days.