TOKEN TERMS AND CONDITIONS

dated August 22, 2024

These TOKEN TERMS AND CONDITIONS constitute a legal agreement between you and
NUTSON Ltd., company registered under the laws of Seychelles and having its registered address
at Suite 1, Second floor, Sound & Vision house, Francis Rachel Str, Victoria, Mahe (the
"Company" or "we"). By using Tokens on the platform, you acknowledge that you have fully read,
understand and irrevocably accept and agree to be bound by these terms and conditions.

PLEASE CAREFULLY READ THESE TERMS AND CONDITIONS BEFORE

MAKING ANY DECISION TO USE THE TOKENS CHEEL OR LEE OR THE
PLATFORM (AS DEFINED HEREAFTER) AS THEY AFFECT YOUR
OBLIGATIONS AND LEGAL RIGHTS, INCLUDING, BUT NOT LIMITED
TO, WAIVERS OF RIGHTS AND LIMITATIONS OF LIABILITY. IF YOU
DO NOT AGREE WITH THESE TERMS AND CONDITIONS OR IF YOU
ARE A PROHIBITED PERSON THEN YOU ARE NOT PERMITTED TO
USE THE TOKENS OR PLATFORM.
YOU MUST ALSO MONITOR THE WEBSITE FOR ANY
ANNOUNCEMENTS FROM THE COMPANY AS THEY MAY ADD TO, OR
CHANGE, THESE TERMS AND CONDITIONS FROM TIME TO TIME.
PLEASE SEE CLAUSE 4 FOR FURTHER INFORMATION. OTHER THAN

!
TO THE EXTENT SET OUT IN THE ACCOMPANYING DOCUMENTS,
THE TOKENS DO NOT REPRESENT OR CONFER ANY OWNERSHIP
RIGHT OR STAKE, SHARE, OR EQUIVALENT RIGHTS, OR ANY RIGHT
TO RECEIVE INTELLECTUAL PROPERTY RIGHTS IN OR RELATING
TO THE PLATFORM, THE COMPANY OR ANY AFFILIATE OF THE
COMPANY. THE TOKENS ARE NOT INTENDED TO BE OR TO
REPRESENT A STOCK, A LOAN CONTRACT, A COMMODITY, A
CURRENCY, A SHARE, AN INSTRUMENT CREATING OR
ACKNOWLEDGING INDEBTEDNESS, AN INSTRUMENT GIVING
ENTITLEMENTS TO SECURITIES, A CERTIFICATE REPRESENTING
CERTAIN SECURITIES, AN OPTION, A FUTURE OR A CONTRACT FOR
DIFFERENCE IN THE SEYCHELLES OR IN ANY PERMITTED
JURISDICTIONS.
YOU ACKNOWLEDGE THAT THESE TERMS AND CONDITIONS
OPERATES ONLY THE WALLET, TOKENS ON THE WEBSITE, AND ALL
OTHER ASPECTS OF THE WEBSITE YOU NEED TO SIGN A SEPARATE
AGREEMENT

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TABLE OF CONTENTS

CLAUSE 1. DEFINITIONS ...........................................................................................................3

CLAUSE 2. TERMS AND CONDITIONS, STATUS AND ACCEPTANCE .............................5
CLAUSE 3. USE LIMITATIONS ..................................................................................................5
CLAUSE 4. GENERAL; WALLET ...............................................................................................7
CLAUSE 4 (P 1). Usability of Tokens .........................................................................................10
CLAUSE 4 (P 2). Raffle within the Application (Roulette) .........................................................11
CLAUSE 4 (P 3). Refund Procedures for Purchased DIGITAL GLASSES ................................11
CLAUSE 4 (Р 4). Procedure for participation in the referral programme....................................12
CLAUSE 4 (P 5). Procedures for the use and purchase of Lootboxes .........................................13
CLAUSE 5. REPRESENTATIONS AND WARRANTIES; COVENANTS ..............................13
CLAUSE 6. RISKS OF TOKENS AND LIMITATIONS OF LIABILITIES .............................15
CLAUSE 7. DISCLAIMER OF WARRANTIES ........................................................................16
CLAUSE 8. LIMITATION OF LIABILITY ...............................................................................17
CLAUSE 9. INDEMNITY ...........................................................................................................18
CLAUSE 10. INTELLECTUAL PROPERTY RIGHTS .............................................................18
CLAUSE 11. THIRD-PARTY CONTENT ..................................................................................19
CLAUSE 12. APPLICABLE LAW ..............................................................................................19
CLAUSE 13. MISCELLANEOUS ...............................................................................................19
CLAUSE 14. CONTACT FOR MORE INFORMATION ...........................................................23
SCHEDULE 1. LIST OF PROHIBITED JURISDICTIONS ......................................................24
SCHEDULE 2. RISK DISCLOSURES: CERTAIN RISK FACTORS .......................................25
SCHEDULE 3. PRIVACY NOTICE ...........................................................................................30

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CLAUSE 1. DEFINITIONS

1) Accompanying Documents – documents or other materials issued by the Company in

connection with the Tokens from time to time.
2) Applicable Law – means the applicable laws, acts, statutes, ordinances, rules, regulations,
judgments, injunctions, orders, treaties, sanctions, administrative acts and decrees of any
relevant jurisdiction.
3) Blockchain– a type of distributed ledger, composed of immutable, digitally recorded, data
in packages called blocks.
4) Business Day – a day (other than a Saturday or Sunday or public holiday) on which
commercial banks are open for ordinary business in the Seychelles.
5) Company – Nutson Ltd., a Seychelles business company with limited liability and having
its registered office situated Suite 1, Second Floor, Sound & Vision House, Francis Rachel
St., Victoria, Mahe, Seychelles.
6) Governmental Authority – means any nation or government, any state or other political
subdivision thereof, any entity exercising legislative, judicial or administrative functions of
or pertaining to government, including, without limitation, any government authority,
agency, department, board, commission or instrumentality, and any court, tribunal or
arbitrator(s) of competent jurisdiction, and any self-regulatory organization.
7) Person – an individual or legal entity or person, including, without limitation, a
Governmental Authority or an agency or instrumentality thereof.
8) Platform – means only the Wallet Token functionality on the Website, and for the sake of
clarity, does not include any other features, functionality or aspects on the Website
9) Prohibited Jurisdiction – any jurisdiction identified in Schedule 1.
10) Inventory - the section of the Application where digital goods purchased by the User are
stored.
11) Prohibited Person – any such Person, as determined by the Company in its sole and
absolute discretion, that is:
a) a Person unable to pass the Company’s know-your-client requirements as may be
determined by the Company from time to time in its sole and absolute discretion;
b) a member of the public in the Seychelles.
c) a citizen or resident of or located in, or a legal entity formed or incorporated within or
subject to the Laws of, a Prohibited Jurisdiction (irrespective of whether use of a virtual
private network or other technical workaround to effect such transaction and avoid
detection within a Prohibited Jurisdiction);
d) an individual or an individual employed by or associated with a legal entity or a legal
entity identified on the United States Department of Commerce denied persons or entity
list, the United States Department of Treasury’s specially designated nationals or
blocked persons lists, the United States Department of State’s debarred parties list, the
consolidated sanctions list maintained by the United States Department of Treasury’s
Office of Foreign Assets Control any United Nations Security Council sanctions lists or
any other sanctions list;
e) a Person identified as a terrorist organization on any other relevant lists maintained by
any Governmental Authority;

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 f) a Person acting, directly or indirectly, in contravention of any Applicable Law;
g) a Person in any manner limited or prohibited (or that requires licensing, registration or
approval of any kind) from the possessing, transferring, using or otherwise conducting
a transaction involving any number of Tokens under Applicable Law;
h) a Person that has been involved at any time in any type of activity associated with money
laundering or terrorist financing or any other applicable anti-corruption or anti bribery
statute or has been subject to any investigation or sanction by, or a request for
information from, any Governmental Authority relating to money laundering, terrorist
financing, corruption or bribery in any jurisdiction or under any Applicable Law; or
i) a Person that is, unless otherwise disclosed in writing to the Company prior to Your
taking part in the Token Sale sale or acquiring Tokens from any third party, a politically
exposed person (“PEP”) as defined by the Financial Action Task Force (or such similar
Person under any Applicable Law) as an individual who is or has been entrusted with a
prominent public function or an immediate family member or close associate of a PEP
or any corporation, business or other entity that has been formed by, or for the benefit
of, a PEP or any immediate family member or close associate of a PEP.
12) T&Cs – these terms and conditions, including all Accompanying Documents, and any other
rules, policies or procedures that may be issued by the Company and published from time to
time on the Website, as amended from time to time in accordance with the provisions herein.
13) Wallet – means the Token, wallet software provided on the Website by the Company,
consisting of software that permits You to use (including send and receive) Tokens in
accordance with these T&Cs.
14) Internal Wallet is an internal reservoir inside the Application that accumulates LEE coins
accrued by the Company while using the functionality of the Application.
15) External wallet is a token wallet software, a decentralised wallet presented by the Company
on the Website and the Application, accumulating and offering all the functions of a
decentralised wallet, operating in the BNB Smart Chain https://github.com/bnb-
chain/whitepaper/blob/master/WHITEPAPER.md.
16) Token means the blockchain-based unit known as “CHEEL” and “LEE” built upon the
Binance protocol.
17) CHEEL is a governance token with a total supply of 1 000 000 000. You will need it to vote
for the introduction of new features in the app in the future, as well as for payments in the
promotional cabinet in app.
18) LEE is a utility token with a total supply of 7 000 000 000. All accruals in the app are carried
out with this internal token. LEE will automatically accrue to the wallet inside the app when
a user is viewing the feed. The speed of its accrual algorithmically depends on the number
of earned tokens: the more they are earned, the more difficult it is to get new LEE tokens.
19) LEE Coins are the digital equivalent of LEE Tokens held within the Application in an
Internal Wallet that is not connected to the blockchain network until it is withdrawn to an
External Wallet. The number of LEE Coins a User has is equal to the number of LEE Tokens
a User can withdraw and use. The User has the opportunity to purchase LEE Coins for an
equal number of LEE Tokens for the purpose of use within the Application.
20) Donations which are made by Users in favour of other Users of the Application, which are
made by means of LEE Coin Transfer.
21) Digital Glasses are digital goods sold on the App and the Website that are available for
purchase by Users using USDT or fiat money.
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22) Token Sale constitutes any offering of Tokens by the Company to Persons who are not
Prohibited Persons. Tokens cannot be purchased in the application, only on connected
exchanges. The listing of Tokens on various exchanges should be checked with the
exchange itself at the time of application.
23) LEE Coin Transfer is the process of transferring LEE Coins from one User to another User,
provided by the Donations functionality within the Application.
24) You, Your or Yourself, User means any Person who from time to time (i) offers to purchase
Tokens from the Company or any third party; or (ii) holds Tokens and may also use the App.
25) Website/Application- https://cheelee.io/ and the mobile application known as "Cheelee" (as
updated or replaced from time to time) available for download using AppStore TM and
GooglePlay TM.
26) A Lootbox is a digital good sold on the App or website, which is available for purchase by
Users exclusively for LEE Coins on the App. A Lootbox may contain other digital goods of
the Application that are available to the User or a certain amount of LEE Coins.

CLAUSE 2. TERMS AND CONDITIONS, STATUS AND

ACCEPTANCE

2.1. These T&Cs constitute a legally binding obligation on You effective upon the earlier to
occur of the date and time: (i) You click the check box on the Website to indicate that You
have read, understand and agree to these T&Cs; (ii) You have purchased on an exchange
and start using Tokens in the App;or (iii) You receive any Tokens from the Company, any
Affiliate of the Company or from any third party.
2.2. These T&Cs define the rights and obligations of the Parties in relation to the Tokens and
Your use of the Tokens and Wallet.
2.3. You must carefully read and agree to comply with these T&Cs before using the Tokens
and/or using the Platform.
2.4. By using the Platform, You are confirming to the Company that You have fully read,
understand and irrevocably accept these T&Cs. If You do not agree with these T&Cs in
general or any part of them or have not checked the requisite boxes – after registration fields
are completed – acknowledging Your review and acceptance of these T&Cs, You are not
permitted to use the Platform or use Tokens.
2.5. For the avoidance of doubt, any use by You of Tokens is conditional upon the Company’s
satisfaction that You have passed all the Company’s relevant anti-money laundering, know
your client and other checks relating to Your qualifications to use Tokens (IF
APPLICABLE).

CLAUSE 3. USE LIMITATIONS

TOKENS AND, ARE ONLY INTENDED FOR THOSE PERSONS WHO ARE
KNOWLEDGEABLE AND EXPERIENCED IN BLOCKCHAIN AND RELATED
TECHNOLOGIES AND PROTOCOLS. BY HOLDING OR USING TOKENS YOU
ACKNOWLEDGE THAT TRANSACTIONS USING CRYPTOCURRENCIES (INCLUDING
CRYPTOGRAPHIC TOKENS) ARE INHERENTLY UNSTABLE AND YOU AGREE TO
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ACCEPT THAT RISK, AND AGREE THAT THE COMPANY AND EACH OF ITS
AFFILIATES IS NOT LIABLE FOR ANY LOSS THAT YOU MAY SUFFER OR INCUR, AND
FURTHER ACKNOWLEDGE, ACCEPT AND ASSUME ALL RISKS ASSOCIATED WITH
THE TOKENS AND THE PLATFORM INCLUDING, WITHOUT LIMITATION, THOSE
IDENTIFIED IN CLAUSE 6 OF THESE T&Cs AND IN THE ACCOMPANYING
DOCUMENTS.
TOKENS ARE INTENDED TO BE USED ONLY TO PERSONS THAT ARE NOT
PROHIBITED PERSONS.
THE MARKETING, OFFERING AND SALE OF TOKENS BY THE COMPANY IS
EXPRESSLY BEING MADE IN THE PERMITTED JURISDICTIONS ON THE BASIS THAT
THE TOKENS DO NOT REQUIRE THAT A PROSPECTUS BE PREPARED OR THAT
OTHER DISCLOSURE REQUIREMENTS BE MET OR WHERE OTHER INVESTOR
SAFEGUARDS OR REGULATORY DOCUMENTS OR LICENSING IS REQUIRED IN
CONNECTION WITH THE MARKETING, OFFERING AND SALE OF THE TOKENS, BY
THE COMPANY IN THE PERMITTED JURISDICTIONS. AS AT THE DATE HEREOF THE
COMPANY IS NOT LICENSED, REGISTERED OR OTHERWISE REGULATED IN
SEYCHELLES OR IN THE PERMITTED JURISDICTIONS IN RELATION TO THE
ISSUANCE, OFFERING AND SALE OF TOKENS BY THE COMPANY.
OTHER THAN TO THE EXTENT SET OUT IN THE ACCOMPANYING DOCUMENTS, THE
TOKENS ARE NOT INTENDED TO BE OR TO REPRESENT A STOCK, A LOAN
CONTRACT, A COMMODITY, A CURRENCY, A SHARE, AN INSTRUMENT CREATING
OR ACKNOWLEDGING INDEBTEDNESS, AN INSTRUMENT GIVING ENTITLEMENTS
TO SECURITIES, A CERTIFICATE REPRESENTING CERTAIN SECURITIES, AN OPTION,
A FUTURE OR A CONTRACT FOR DIFFERENCE IN THE SEYCHELLES OR IN ANY
PERMITTED JURISDICTIONS. TOKENS ARE NOT INTENDED TO BE SECURITIES IN
SEYCHELLES AND SHALL NOT IN ANY CASE BE CONSIDERED AS SUCH IN
SEYCHELLES AND THE OFFER OF TOKENS HAS NOT BEEN REGISTERED WITH ANY
GOVERNMENTAL AUTHORITY IN THE SEYCHELLES OR ANY PERMITTED
JURISDICTIONS. YOU ACKNOWLEDGE AND AGREE THAT TOKENS DO NOT
REPRESENT ANY STOCK, LOAN CONTRACT, COMMODITY, CURRENCY, SHARE,
INSTRUMENT CREATING OR ACKNOWLEDGING INDEBTEDNESS, INSTRUMENT
GIVING ENTITLEMENTS TO SECURITIES, CERTIFICATE REPRESENTING CERTAIN
SECURITIES, OPTION, FUTURE OR CONTRACT FOR DIFFERENCE OR RIGHT TO
RECEIVE INTELLECTUAL PROPERTY RIGHTS OF THE COMPANY, OR ANY VOTING
OR GOVERNANCE RIGHTS OR ANY OTHER RIGHT TO INFLUENCE THE
DEVELOPMENT OR OPERATION OF THE COMPANY AND DO NOT REPRESENT ANY
OWNERSHIP RIGHT OF OR IN THE COMPANY. HOWEVER, WITHOUT LIMITATION TO
THE ABOVE, THE COMPANY RESERVES ALL RIGHTS WITH RESPECT TO PURSUING
ANY FORM OF DECENTRALIZED GOVERNANCE SHOULD IT SO DETERMINE THAT
DOING SO WOULD BE IN THE BEST INTERESTS OF THE HOLDERS OF TOKENS FROM
TIME TO TIME.
THE COMPANY RESERVES THE RIGHT TO CANCEL ANY TOKEN, LEE COIN ,
CHARGED AT ANY TIME IN THE COMPANY’S SOLE AND ABSOLUTE DISCRETION
AND WITHOUT PRIOR NOTICE AND WITHOUT ANY LIABILITY OR FURTHER
OBLIGATION OF ANY KIND WHATSOEVER TO YOU OR ANY OTHER PARTY, IN THE
EVENT THE COMPANY FINDS SUCH MEASURES REASONABLE AND/OR NECESSARY
IN A PARTICULAR SITUATION, INCLUDING, BUT NOT LIMITED TO, CHANGE OF
REGULATORY REQUIREMENTS, OR UPON SUSPICION OR DETECTION THAT YOU
DO NOT PRIMARILY RESIDE OR ARE NOT DOMICILED IN A PERMITTED
JURISDICTION OR ARE ENGAGED IN FRAUD OR OTHER ILLEGAL ACTIVITY.
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CERTAIN JURISDICTIONS EXPRESSLY PROHIBIT OR RESTRICT THE OFFER, SALE
AND/OR USE OF CRYPTOCURRENCIES AND/OR CRYPTOGRAPHIC TOKENS WHILE
OTHER JURISDICTIONS MAY REQUIRE THE COMPANY AND/OR THE TOKENS TO BE
LICENSED, REGISTERED, AUTHORISED OR OTHERWISE REGULATED. THE TOKENS
MAY BE DEEMED TO BE SECURITIES FOR PURPOSES OF SECURITIES LAWS IN
VARIOUS JURISDICTIONS SUCH THAT THE OFFER OR SALE OF TOKENS BY THE
COMPANY IN SUCH JURISDICTIONS MAY REQUIRE REGISTRATION OR OTHER
STEPS TO BE TAKEN WITH THE RELEVANT REGULATORY AUTHORITIES IN THOSE
JURISDICTIONS OR FOR AN EXEMPTION FROM SUCH REGISTRATION OR OTHER
STEPS BEING REQUIREMENT. NO SUCH STEPS HAVE BEEN TAKEN BY THE
COMPANY NOR HAS ANY SUCH RELEVANT EXEMPTION BEEN CONFIRMED. SOME
OTHER JURISDICTIONS HAVE OR MAY HAVE BEEN EXCLUDED FROM THE TOKEN,
SALE FOR OTHER REASONS, AS DETERMINED BY THE COMPANY IN ITS SOLE AND
ABSOLUTE DISCRETION. PERSONS (NATURAL OR LEGAL) WHO ARE A RESIDENT
OR TAX RESIDENT, HAVE A DOMICILE IN OR OTHERWISE HAVE A RELEVANT
CONNECTION WITH ANY PROHIBITED JURISDICTION ARE EXCLUDED FROM
PARTICIPATING IN THE TOKEN, SALE AND POSSESSING AND USING AN TOKEN.
TOKENS, MAY NOT BE MARKETED, OFFERED OR SOLD DIRECTLY OR INDIRECTLY
TO ANY PROHIBITED PERSON AND NEITHER THESE T&CS NOR ANY
ACCOMPANYING DOCUMENTS MAY BE SUPPLIED TO ANY PROHIBITED PERSON,
OR USED IN CONNECTION WITH THE OFFER OR SALE OF TOKENS BY THE
COMPANY TO ANY PROHIBITED PERSON. THE INFORMATION CONTAINED IN
THESE T&CS AND/OR, ANY ACCOMPANYING DOCUMENTS WILL NOT CONSTITUTE
AN INVITATION, ADVERTISEMENT OR SOLICITATION OF THE OF USE ANY TOKENS
WITHIN A PROHIBITED JURISDICTION OR TO ANY PROHIBITED PERSON. FOR THE
AVOIDANCE OF DOUBT, THE LIST OF PROHIBITED JURISDICTIONS MAY BE
CHANGED FROM TIME TO TIME, IRRESPECTIVE OF THE AWARENESS OF THE
COMPANY AND RELEVANT AMENDMENTS MAY BE MADE TO THESE T&CS. YOU
ARE ONLY PERMITTED TO USE THE WEBSITE AND PLATFORM AND USE TOKENS IF
YOU ARE NOT A PROHIBITED PERSON. TO THE EXTENT A PROHIBITED PERSON
ATTEMPTS TO ENTER INTO THESE T&CS, USE TOKENS OR THE PLATFORM, SUCH
PURPORTED ACTIVITY IS VOID AND OF NO FORCE OR EFFECT.
Each prospective user of Tokens (whether from the Company or any third party) must comply
with Applicable Law in connection with its holding, use and/or transfer of the Tokens including
the securities laws of such prospective user’s jurisdiction of residence or citizenship. Tokens may
not be re-offered, resold or transferred, except in a transaction that is compliant with Applicable
Law. Any action that is in violation of these restriction shall be void ab initio and the Company
reserves the right to void any Tokens transferred or proposed to be transferred in violation of these
provisions. The Company specifically disclaims any losses in value or potential value experienced
by any participant resulting from any such restrictions or actions identified hereunder.

CLAUSE 4. GENERAL; WALLET

4.1. These T&Cs are effective and binding on You, and the covenants, representations and
warranties set out herein are repeated, each time You use the Tokens for any purpose or use
or access the Platform or use or access any software on or through the Platform.
4.2. You shall not acquire or seek to acquire any Tokens or access or use, or seek to access or
use, the Platform if You are a Prohibited Person.

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4.3. The Company may change, modify, amend, alter or supplement these T&Cs (each an
“Amendment”) at any time in order to reflect (i) changes to Applicable Law that may be,
or which may otherwise become, applicable to the Tokens (ii) any developments that may
otherwise reasonably be capable of materially adversely impacting the Tokens or their
offering by the Company; or (iii) as the Company may in good faith deem advisable to
protect the reputation of the Company or the effective operation of the Platform.
4.4. Your continued use of the Tokens and/or the Platform after any such Amendment shall
constitute Your consent to such Amendment and acceptance of the amended T&Cs
(including the Accompanying Documents). If the Company changes, amends, modifies,
alters or supplements these T&Cs (including any of the Accompanying Documents), the
Company shall publish on its Website such amended version of these T&Cs and/or the
Accompanying Documents reflecting such Amendment. The revised T&Cs will be effective
from the date of posting on the Website or such other date as indicated in the amended T&Cs.
You waive any right You may have to receive specific notice of such Amendment. If You
do not agree to the T&Cs in effect when You access or use the Platform, You must stop
using the Platform.
4.5. These T&Cs and the Platform, and all content herein, therein or thereon, do not (i) constitute
an offer or solicitation to sell shares, securities or any other regulated financial product in
any jurisdiction in which such an offer or solicitation is prohibited; and (ii) constitute a sale
of newly created virtual assets to the public under Applicable Laws. None of the information
or analyses presented herein, therein or thereon are intended to form the basis for any
investment decision.
4.6. Subject to Applicable Laws, the Company reserves the right, in their respective sole and
absolute discretion, to refuse to deliver the Tokens You have been Gifted, and/or modify or
to temporarily or permanently suspend or eliminate the Platform (or any part thereof) and/or
disable any access to the Platform (including via use of the Tokens), including disabling or
terminating access to Your account or that of any Person attempting access to the Platform
from Your internet platform address (for example, where there is a change in Applicable
Laws or where the Company suspects that You are engaging in illegal activities in
connection with Your use of the Platform). In order to seek compliance with (or to seek to
mitigate the impact of) any Applicable Law or any other laws, statutes, ordinances, rules,
regulations, judgments, injunctions, orders, treaties, administrative acts or decrees of any
nation or Governmental Authority, any state or other political subdivision thereof, any entity
exercising legislative, judicial or administrative functions of or pertaining to government,
including, without limitation, any Governmental Authority, agency, department, board,
commission or instrumentality, and any court, tribunal or arbitrator(s) of competent
jurisdiction, and any self-regulatory organization believed by the Company to apply to or
affect the Company, the Token Sale, Sale the Platform or the Tokens the Company may in
its sole and absolute discretion take such steps as they consider necessary or convenient to
comply with such matters (which may include, without limitation, the termination of any or
all Tokens). This could include also, for example, requiring holders of Tokens from time to
time to come forward to the Company and confirm their eligibility to hold such Tokens or
the cancellation of Tokens and their replacement with equivalent (or different) rights and
privileges comprised in another token or in registered form. In addition, the Company may
take such steps as it considers necessary or convenient where it believes or suspects the
Tokens may be used, trafficked or applied in the attempted furtherance of money laundering,
terrorist financing, tax evasion or other unlawful activity or where the Company believes the
Platform is no longer viable.
4.7. In circumstances where (i) the Company or any Affiliate of the Company is seeking
compliance with (or seeking to mitigate the impact of) any law, regulation, regulatory
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 guidance or policy, governmental statement, decree, order or judicial decision of any
jurisdiction, court or authority believed by the Company to apply to or affect the Company
or any Affiliate of the Company, the business of the Company or any Affiliate of the
Company or the Tokens or (ii) the Company believes the Platform is no longer viable, then
the Company may in its sole and absolute discretion (iii) cancel all or any Tokens and
terminate all obligations of the Company in respect of the Tokens , and/or (iv) amend or vary
any obligation of the Company in respect of one or more Tokens.
4.8. The Wallet is provided to you exclusively by the Company. The External Wallet is only
capable of supporting the Tokens. Under no circumstances should you attempt to store any
tokens in your External Wallet that the External Wallet does not support. All Tokens held in
your External Wallet for your benefit. Among other things, this means that:
A. Title to the Tokens in your External Wallet in your External Wallet shall at all times
remain with you and shall not transfer to us. As the owner of Tokens in your Wallet,
you shall bear all risk of loss of such Tokens. We shall not have any liability for
fluctuations in the fiat currency value of Tokens held in your External Wallet.
B. None of the Tokens in your External Wallet are the property of, or shall or may be
loaned to, us. We do not represent or treat assets in a user’s Wallet as belonging to
us. Except as required by a valid Governmental Authority order, or except as
provided herein, we will not sell, transfer, loan, hypothecate, pledge or otherwise
alienate Tokens in your External Wallet unless instructed by you or compelled by a
court of competent jurisdiction or Governmental Authority to do so.
C. You control the Tokens held in your External Wallet. At any time, subject to outages,
downtime, and other applicable policies, you may withdraw your Tokens by sending
it to a different blockchain address controlled by you or a third party.
4.9. You may not cancel, reverse or change any transaction in the Wallet. We may, if technically
feasible, suspend, delay, redirect, reverse or cancel any transaction at any time and for any
reason. For example, and without limitation, we may do so if we suspect any risk of fraud,
crime, breach of this agreement, or illicit activity. You will bear the costs of any network
fees charged in respect of such suspension, delay, redirection, reversal or cancellation.
4.10. We may implement transaction limits in the Wallet. These may vary based on a variety of
factors, including, without limitation, the time of your transaction, your location, and the
type of Tokens used. We implement, raise and lower transaction limits in the Wallet in our
sole discretion.
4.11. In order to be completed, any Token, transaction created with the Wallet must be confirmed
and recorded in the Tokens blockchain network. Such network is a decentralised, peer-to-
peer networks supported by independent third parties, which are not owned, controlled or
operated by us.
4.12. We have no control over the Tokens network and therefore cannot and does not ensure that
any transaction details you submit via our Services will be confirmed on the relevant Tokens
network. The transaction details you submit via our Services may not be completed, or may
be substantially delayed, by the Tokens network used to process the transaction. We do not
guarantee that the Wallet can transfer title or right in any Tokens or make any warranties
whatsoever with regard to title.
4.13. Once transaction details have been submitted to a Tokens network, we cannot assist you to
cancel or otherwise modify your transaction or transaction details. We have no control over
any Tokens network and do not have the ability to facilitate any cancellation or modification
requests.

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4.14. In the event of a blockchain network fork or other network disruption, we may not be able
to support activity related to your Tokens. In the event of a fork, the transactions may not be
completed, completed partially, incorrectly completed, or substantially delayed. We are not
responsible for any loss incurred by you caused in whole or in part, directly or indirectly, by
a fork or other network disruption.
4.15. For any Wallet transactions, we charge fees as published on the Platform from time to time,
and shall display to you any applicable fees prior to you incurring the fee. Network fees
(including, without limitation “miner’s fees”) required to use a blockchain network may
apply to a transaction.
4.16. You must provide certain devices, software, and data connections to use our Platform, which
we otherwise do not supply. For as long as you use our Platform, you consent to downloading
and installing updates to our Platform, including automatically. You provide us storage
permission (Read and write) by which we may be able to upload your data to our server.
You confirm you are authorized to provide us such permissions to allow us to offer our
Platform.

CLAUSE 4 (P 1). Usability of Tokens

4 (1) 1. After registering and agreeing to the T&Cs, the main functionality of the Platform will
be available to you, the You can receive LEE Tokens LEE coins when viewing the feed
using Digital glasses.
4 (1) 2. The user will be granted 1 (one) Digital glasses, which will be sent to the Inventory
section within the Application, have the following characteristics:
a. Power is the charge you need to watch the feed using. The higher the Power, the
more Tokens you will receive.
b. Attention is needed to receive Tokens while watching the feed: 1 Attention = 30
minutes of viewing.
c. Balance - with it you can see how many Tokens you received per day
d. Digital glasses level. Increases for (“spending”) LEE Tokens affects revenue from
viewing.
e. Endurance - safety factor of Digital glasses - points.
f. Donates - a monetary donation to the authors of digital content of the Platform
made bthe holder (User) of Tokens from his/her wallet. Sending donations to
another User (the author of digital content of the Platform) does not imply access
to any functionality of the Platform. The Platform is not responsible for the User's
expectations when sending donations to the author of digital content of the
Platform. Sending donations is limited to the offered functionality of the Platform.
4 (1) 3. For the purchase and subsequent transfer of Tokens you have to create Wallet.
4 (1) 4. The functionality of the Purchase of Tokens is available to You.
4 (1) 5. For viewing the feed using, the user receives LEE coins.
4 (1) 6. You may be flagged as “fraud” if suspicious activity on the part of the user is noticed,
determined at the discretion of the Company, as a sanction, the user's commission may
be increased at the discretion of the Company. The fee for sending donations to another
User will be increased to 85% of the amount of the donation sent.
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4 (1) 7. You may be marked as “banned” if suspicious activity is noticed, as well as actions that
violate these Terms, and other conditions established by the Сompany are determined
at the discretion of the Company, after determining the user in the “ban” status, the
functionality is no longer available to the user, which is defined in these terms and
conditions, namely the earnings of Tokens transfers of tokens or LEE coins the sale and
purchase etc.
4 (1) 8. Donations can be sent only in LEE coins. Donations are sent by you voluntarily and
exclusively from your own wallet. The Platform charges a commission of 8% for
donations sent by the User.

CLAUSE 4 (P 2). Raffle within the Application (Roulette)

4 (2) 1. The Raffle is a promotional incentive marketing event with the purpose of increasing
the loyalty of the users of the Application, as well as stimulating and increasing sales
within the Application and increasing the popularity and brand awareness of the
Application.
4 (2) 2. The Raffle is a marketing event and is neither a public competition, nor a lottery. The
Roulette is a game form of randomiser design.
4 (2) 3. There is no fee for participation in the Raffle within the Application.
4 (2) 4. The Raffle is conducted without the use of specialised lottery equipment. The design of
the randomiser is Roulette, which triggers access to the functionality of the Raffle for
the User.
4 (2) 5. The period of the Raffle within the Application is not limited in time, but the Rafflemay
be terminated unilaterally at the initiative of the Platform.
4 (2) 6. A User with free DIGITAL GLASSES (Starting) may use the roulette functionality and
participate in the Raffle according to the following rules:
4 (2) 7. The total number of Roulette rolls (hereinafter referred to as Rolls) is not more than 7
times during the period of use of one User's account;
4 (2) 8. The User has the right to use the Roulette functionality not more than 1 time per day;
4 (2) 9. Roulette functionality usage limit is updated once a day;
4 (2) 10. The User's DIGITAL GLASSES (Starting) must be in working condition, the use of
broken DIGITAL GLASSES is not allowed.
4 (2) 11. The User's winnings, if received, are an undetermined number of LEE Tokens which
are credited to the User's internal wallet.

CLAUSE 4 (P 3). Refund Procedures for Purchased DIGITAL

GLASSES

4 (3) 1. No refund for DIGITAL GLASSES purchased in the Annex shall be made in general
except in the following case, provided that all conditions are met:
a. if the DIGITAL GLASSES are not recouped within 15 days of purchase,
b. if the User's account is not banned or blocked in accordance with the Terms of Use,
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 c. if 100% of Attention has been spent for 15 consecutive days.
d. DIGITAL GLASSES as of 26 April 2024
4 (3) 2. Returns will be made only if all of the above conditions are met.
4 (3) 3. Refund is made by transferring USDT to the Account's internal wallet based on the
following formula:
a. (Cost of purchased points X2) - earned LEE X 0.7 X LEE exchange rate) = the
amount of USDT we credit to the internal wallet.
4 (3) 4. Refunds are credited within Twenty-One (21) working days (i.e. all days except
Saturdays and Sundays). Refund requests submitted after this period will not be
considered.
4 (3) 5. No refunds shall be granted for Digital Glasses purchased using LEE tokens (LEE
Coins). This provision applies regardless of whether all other refund conditions are met.

CLAUSE 4 (Р 4). Procedure for participation in the referral

programme

4 (4) 1. Referral programme is the functionality of the Application available to each User on
condition of joining it. The essence of the Referral Programme is the payment of
bonuses for the purchases of new Users referred to the Application under the terms and
conditions of the Referral Programme.
4 (4) 2. Joining the Referral Programme is done by using an individual referral code contained
in the settings of the Application.
4 (4) 3. The terms and conditions of the Referral Programme are always published in the
Application and are up-to-date as of the date of bonus issuance - payment to the User
for fulfilling its terms and conditions.
4 (4) 4. Payment of the bonus is made in LEE. LEE coins are received in the external wallet
according to the following rules:
a. For each Smart Points (DIGITAL GLASSES) purchased by the invited User - 2
dollars
b. For every Simple glasses (DIGITAL GLASSES) (and any other DIGITAL
GLASSES) purchased by the invited user - 9 dollars.
4 (4) 5. Bonus payments are made in the next calendar month following the date on which a
new User (referred by the User's referral code) makes a purchase in the Application.
4 (4) 6. Bonuses accrued to the User under the Referral System may be cancelled in the
following cases:
a. if the User or a referred user participated in the creation of a botfarm
b. if more than half of the referred users (within one referral code) get a ban in the
Application
c. by the Company's decision

Page | 12
CLAUSE 4 (P 5). Procedures for the use and purchase of Lootboxes

4 (5) 1. The purchase of Lootboxes in the App or on the website is voluntary, based on the User's
own interest and judgement, and does not affect the ability to use the App.
4 (5) 2. The purchase of Lootboxes is only possible with LEE Coins.
4 (5) 3. Only one LEE Coin can be purchased per LEE Coin transaction.
4 (5) 4. The content of the Lootbox is unknown to the User, but the User is provided with
information on the likelihood of the content (expressed as a percentage) of the Lootbox
being contained in other digital goods on the App.
4 (5) 5. Upon purchase of a Lootbox, its content is credited to the User's Internal Wallet or to
the User's Account Inventory (depending on the content of the Lootbox).
4 (5) 6. The purchase of Lootboxes is available to all Users unless the User's account is not
banned or blocked in accordance with the Terms and Conditions and the User does not
have sufficient LEE Coins to purchase the selected Lootbox.

CLAUSE 5. REPRESENTATIONS AND WARRANTIES;

COVENANTS

5.1. You represent and warrant that:

(a) You are not a Prohibited Person;
(b) You have legal capacity in the jurisdiction where You are a resident and are able to
agree and enter into these T&Cs voluntarily and meet all other eligibility and residency
requirements, including:
(i) You have full power, authority and capacity to comply with these T&Cs; and
(ii) You enter into these T&Cs based on Your own independent judgement and on
advice from independent advisers (as applicable).
(c) You are fully able and legally competent to access and use the Platform as well as to
enter into and comply with these T&Cs (including Clause 5.2 below);
(d) You will not violate any Applicable Law or any other agreement to which You are a
party by entering into these T&Cs or to comply with these T&Cs, including all
conditions, obligations, affirmations, representations and warranties set forth herein;
(e) You will not acquire and will not transfer any Tokens within or engage (except as
specifically authorized by the Company) in any activity relating to the sale, distribution
or any other use of Tokens in any Prohibited Jurisdiction or with any Prohibited Person;
(f) You will not transfer directly or indirectly any of Your Tokens to any Person unless the
proposed transferee has made the same representations and warranties as set out herein;
(g) You have all necessary and relevant experience and knowledge to interact or transact
with cryptocurrencies, cryptographic Tokens the Platform and Blockchain-based
systems, have a full understanding of the relevant frameworks of the foregoing, and
have obtained sufficient information about the Company, the Platform and Tokens to
enter these T&Cs, and in particular You have carefully and thoroughly read these T&Cs
and the Accompanying Documents;

Page | 13
 (h) You are aware of all the merits, risks (including, without limitation, those set forth in
Clause 6 below and in the Accompanying Documents) and any restrictions associated
with cryptocurrencies, cryptographic Tokens Blockchain-based systems, and accept
responsibility for evaluating or using the foregoing;
(i) You are not: (A) identified on, or acting on behalf of any Person identified on, any list
of Persons subject to trade or economic sanctions, including but not limited to the list
of Specially Designated Nationals and Blocked Persons, or the Consolidated Sanctions
List, maintained by the U.S. Treasury Department’s Office of Foreign Assets Control,
(B) established in, resident in, or otherwise operating from countries or territories
subject to U.S. economic sanctions, including any Prohibited Jurisdiction, and (C)
otherwise subject to trade or economic sanctions;
(j) You will not access or use the Platform if any Applicable Laws prohibit You from doing
so in accordance with these T&Cs;
(k) You are not using and will not use the Platform or Tokens for any illegal or unlawful
activity, including, but not limited to, money laundering and the financing of terrorism;
(l) You have not entered or agreed to enter into these T&Cs in reliance of any warranty or
representation except those specifically set forth in these T&Cs and You acknowledge
and agree that the Company does not make and expressly disclaims all representations
and warranties, express, implied or statutory;
(m) the Tokens You use will not be used to facilitate any criminal, unlawful or illegal
activity or to perform any money laundering or terrorist financing activity, each as
interpreted in the broadest terms or otherwise in contravention of any Applicable Laws;
(n) You do not seek to use Tokens for any unlawful purpose, and in particular that:
(i) You use the Tokens only for the purposes expressly set out and permitted by these
T&Cs,
(ii) You use the Tokens without any expectation of profit, dividend, capital gain;
(iii) Your participation in connection with any initiatives with the Token Sale, such as
bonuses (if these are implemented at the Company’s sole and absolute discretion),
is lawful; and
(iv) all information given by You is true, complete, valid and not misleading in any
respect.
(o) You will implement reasonable and appropriate measures designed to secure access to:
(A) any device associated with You and/or utilized in connection with Your use of
Tokens (B) private keys (if applicable) to Your wallet or account and (C) email address,
account and Your username, password and any other login or identifying credentials;
(p) You are entering into these T&Cs for Your own account and not as a trustee, nominee,
representative or agent, and not with a view to, or for sale in connection with, the
distribution thereof, and You have no present intention of selling, granting any
participation in, or otherwise distributing the same; and
(q) You will promptly notify the Company if You discover or otherwise suspect any
security breaches or defects related to Your account, the Platform or the Tokens.
5.2. You undertake and agree not to:
(a) violate or assist any party in violating any Applicable Law or any other law, statute,
ordinance, regulation or any rule of any Governmental Authority;
(b) provide false, inaccurate, incomplete or misleading information to the Company;
Page | 14
 (c) take or attempt to take any action or claim ownership of any property that infringes or
would infringe upon: (A) the Company’s intellectual property rights; or (B) any third
party’s intellectual property rights;
(d) distribute unsolicited or unauthorized advertising, promotional or marketing material or
any junk mail, spam, or chain letters;
(e) reverse engineer or disassemble any aspect of the Tokens or the Platform for any
purpose, including but not limited to, in an effort to access any source code, object code,
underlying ideas and concepts, and algorithms;
(f) take any action that imposes an unreasonable or disproportionately large burden or load
on the Company’s infrastructure (including, but not limited to, servers, networks, data
centres and related or like equipment), or detrimentally interfere with, intercept, or
expropriate any system, data, or information of the Company;
(g) transmit or upload any material to the Platform that contains viruses, Trojan horses,
worms, or any other harmful or deleterious programs;
(h) attempt to gain unauthorized access to the Platform, other systems of the Company,
computer systems or networks connected to the Platform, including through password
mining or any other means; or
(i) transfer any rights granted to You under these T&Cs.
5.3. You further represent and warrant that with respect to Your use of Tokens You are duly
authorized to possess and transact using such Tokens.
5.4. You acknowledge and agree that the Company enters into these T&Cs with You in reliance
on the representations and warranties set out in this Clause 5.

CLAUSE 6. RISKS OF TOKENS AND LIMITATIONS OF

LIABILITIES
6.1. You understand and acknowledge that Tokens Blockchain-based technologies and other
associated and related technologies are not exclusively (or, as appropriate, at all) controlled
by the Company and adverse changes in market forces or the technology, broadly construed,
may prevent or compromise the Company’s performance under these T&Cs. As such, the
use of Tokens carries with it a number of risks. Prior to using Tokens, You should carefully
consider the risks listed herein and in the Accompanying Documents and, to the extent
necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the risks
associated with using and holding Tokens is unacceptable to You, You should not use
Tokens YOU ACKNOWLEDGE, AGREE AND ASSUME ALL RISKS ASSOCIATED
WITH THESE T&Cs AND THE TOKENS INCLUDING, WITHOUT LIMITATION,
THOSE RISKS DISCLOSED IN THE ACCOMPANYING DOCUMENTS.
6.2. You do hereby confirm that You have read and fully understood Schedule 2 (Risk
Disclosures: Certain Risk Factors) to these T&Cs and accept the risks identified therein.
6.3. There may be additional risks that cannot be anticipated or foreseen due to the incipience of
cryptographic token technology, Blockchain-based technology and related technologies.

Page | 15
CLAUSE 7. DISCLAIMER OF WARRANTIES
7.1. THE PLATFORM AND ANY TOKENS ARE PROVIDED TO THE FULLEST EXTENT
LEGALLY PERMISSIBLE TO YOU “AS IS” AND ON AN “AS AVAILABLE” BASIS
WITH NO WARRANTY OF ANY KIND EITHER, STATUTORY, EXPRESSED OR
IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF
TITLE, NON-INFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A
PARTICULAR PURPOSE. YOU ASSUME ALL RESPONSIBILITY AND RISK WITH
RESPECT TO YOUR USE OF THE PLATFORM AND USE OF TOKENS.
7.2. NEITHER THE COMPANY NOR ITS STAKEHOLDERS MAKE ANY WARRANTY
OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY,
RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE PLATFORM,
INCLUDING THAT THE PLATFORM OR ANY SERVICES OBTAINED THROUGH
THE PLATFORM WILL BE RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT
DEFECTS WILL BE CORRECTED, THAT THE PLATFORM OR THE COMPANY’S
SERVERS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOUR
ACCESS TO OR USE OF THE PLATFORM, INCLUDING CRYPTOCURRENCY
SERVICES, ASSETS, AND ANY INFORMATION, IMAGES OR AUDIO CONTAINED
OR RELATED TO THE PLATFORM IS AT YOUR OWN RISK.
7.3. THE COMPANY DOES NOT REPRESENT OR WARRANT THAT THE
INFORMATION, SOFTWARE, SERVICES CONTAINED IN OR PROVIDED BY THE
PLATFORM COMPLIES WITH ANY APPLICABLE LAWS OR ACCOUNTING
RULES.
7.4. YOU UNDERSTAND AND EXPRESSLY AGREE THAT NEITHER THE COMPANY
NOR ITS STAKEHOLDERS OR ADVISERS REPRESENTS, WARRANT OR
GUARANTEES IN ANY WAY THAT TOKENS MIGHT BE SOLD OR
TRANSFERRED, OR BE SALEABLE OR TRANSFERABLE, OR THERE IS AN
ABILITY OR WILL BE A PROTOCOL TO EXCHANGE TOKENS FOR FIAT
CURRENCIES, CRYPTOCURRENCIES OR CRYPTOGRAPHIC TOKENS DURING
OR AFTER THE TOKEN, SALE. THE COMPANY FURTHER DOES NOT MAKE ANY
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE REGULATORY
OVERSIGHT OR THE USE OR SECURITY OF ANY SUCH EXCHANGE, IF
ANOTHER WON’T BE SPECIFIED
7.5. THE COMPANY DOES NOT GUARANTEE THAT THE PLATFORM CANNOT BE
DUPLICATED (EITHER IN PART OR IN FULL) BY A THIRD PARTY WITHOUT THE
PRIOR WRITTEN CONSENT OF THE OWNER OF THE PLATFORM.
7.6. IF APPLICABLE LAW DOES NOT PERMIT ALL OR ANY PART OF THE
ABOVE EXCLUSION OF WARRANTIES OR DISCLAIMER OF IMPLIED TERMS IN
CONTRACTS TO APPLY TO YOU, THE LIMITATIONS, EXCLUSIONS AND
DISCLAIMERS WILL APPLY TO YOU ONLY TO THE EXTENT PERMITTED BY
APPLICABLE LAW.
7.7. IF ANY GUARANTEE, WARRANTY, TERM OR CONDITION IS IMPLIED OR
IMPOSED IN RELATION TO THESE T&CS OR ANY APPLICABLE LAW AND
CANNOT BE EXCLUDED (A “NON-EXCLUDABLE PROVISION”), AND THE
COMPANY IS ABLE TO LIMIT YOUR REMEDY FOR A BREACH OF THE NON-
EXCLUDABLE PROVISION, THEN THE LIABILITY OF THE COMPANY FOR
BREACH OF THE NON-EXCLUDABLE PROVISION IS LIMITED TO THE
FOLLOWING AT THE COMPANY’S OPTION, IN THE CASE OF SERVICES, THE

Page | 16
 SUPPLYING OF THE SERVICES AGAIN, OR THE PAYMENT OF THE COST OF
HAVING THE SERVICES SUPPLIED AGAIN.

CLAUSE 8. LIMITATION OF LIABILITY

8.1. By using Tokens in any whatsoever, You acknowledge and agree that none of the Company
nor any of its stakeholders nor any of their past, present or future Affiliates, directors,
officers, employees, agents, advisers, successors or permitted assignees (collectively, each
a “Relevant Party”) are required to (i) ensure any liquidity for the exchange of Tokens; or
(ii) ensure You receive money or any other compensation for any Token, that is not used or
remains unused for any reason.
8.2. You hereby expressly agree that, to the maximum extent permitted by the Applicable Law,
none of the Relevant Parties shall be liable to You, regardless of the basis or theory upon
which the liability is claimed, for any damage or loss, including loss of business, revenue,
anticipated savings, profits, or loss of or damage to data, equipment, software, or goodwill,
as well as personal injury, pain and suffering, and emotional distress (direct, indirect,
punitive, actual, consequential, incidental, special, exemplary or otherwise), regardless of
whether such loss was foreseeable, resulting from:
(a) the use of, inability to use, or availability or unavailability of the Platform material,
information, software, facilities, or content;
(b) Your use of Tokens;
(c) any change in the value of Tokens or any cryptocurrency or cryptographic utility;
(d) the ability or inability to sell or transfer Tokens or the existence or nonexistence of any
platform to exchange Tokens for fiat currencies, cryptocurrencies or cryptographic
Tokens during or after the Token Sale, Sale;
(e) any illegal or unauthorized (A) use of the Platform, or (B) use of Tokens;
(f) Your ability or inability to use the Platform, including, but not limited to, the occurrence
or existence of any defect, interruption, deletion of files or emails, delays in the
operation or transmission of information to or from the Platform, a Force Majeure
Event, communications failure, or theft, destruction or unauthorized access to the
Company’s records, programs, services, server, or other infrastructure relating to the
Platform;
(g) the use of any third-party websites (including any website You use to use or transfer
Tokens) or other Internet-resources that copy the Platform or propose to offer Token-
related services;
(h) the release of any information You provided to the Company or any other Relevant
Party;
(i) the Platform failing to be suitable for the special or particular purpose You intend, or
the failure of any images or audio contained or related to the Website or Platform;
(j) the Platform being infected with any malicious code or viruses;
(k) any action stemming from, occurring due to, or otherwise related to a breach of Clause
5 above;
(l) the actions or omissions of any third party that You use to use Tokens or Your inability
or ability to use such third party’s services; and
(m) the manifestation or materialization of any risk discussed in Clause 6 herein or the
Accompanying Documents.
Page | 17
8.3. For the avoidance of doubt, this limitation of liability provision shall apply, with full force
and effect, in perpetuity for the benefit of the Company and each other Relevant Party, and
any other entity that is or becomes the owner of the Company or the Platform, whether such
ownership occurs through a sale, merger, other transaction or by the operation of Applicable
Law.
8.4. If Applicable Law does not permit all or any part of the above limitation of liability in
contracts to apply to You, the limitations, exclusions and disclaimers will apply to You only
to the extent permitted by Applicable Law.

CLAUSE 9. INDEMNITY
9.1. You do hereby to the fullest extent permitted by Applicable Law indemnify, defend and hold
the Company and each other Relevant Party harmless from and against any and all loss,
penalty, claim, damage, liability or expense whatsoever (including reasonable attorneys’
fees and disbursements) due to or arising out of or based upon (i) any inaccurate
representation or warranty made by You, or breach or failure by You to comply with any
covenant or agreement made by You in these T&Cs or in any other document furnished by
You to any of the foregoing in connection with this transaction, or (ii) any action instituted
by or on behalf of You against the Company or any other Relevant Party that is finally
resolved by judgment against You or in favor of the Company or any other Relevant Party.
The remedies provided in this Clause 9 shall be cumulative and shall not preclude the
assertion by the Company or any other Relevant Party of any other rights or the seeking of
any other remedies against You. This indemnification shall survive any disposition of Your
Tokens.

CLAUSE 10. INTELLECTUAL PROPERTY RIGHTS

10.1. Subject to Clause 10.2, You acknowledge as between You and the Company that the
Company has valid, unrestricted and exclusive ownership of all rights, title and interest to
use the patents, trademarks, trademark registrations, trade names, copyrights, know-how,
technology and other intellectual property rights to and subsisting in the Platform, Tokens.
As between You and the Company, the Company is the sole and absolute owner of all
intellectual property rights currently in (and modifications to) the Platform, Tokens.
10.2. Except as expressly assigned in writing by the Company, all copyright and any other
intellectual property of the Company, all content and other materials contained on the
Platform or within the Tokens , or provided in connection with the Platform or the Tokens
including, without limitation, the intellectual property rights for the Platform and the Tokens
and all text, graphics, visual interfaces, photographs, trademarks, logos, artwork, computer
code, designs, structures, selections, methods, algorithms, coordination, and expressions
(collectively the “Cheelee Materials”) are the exclusive property of the Company.
10.3. You may not reproduce, distribute, modify, disassemble, reverse engineer, create derivative
works of, publicly display, publicly perform, republish, download, store or transmit any of
the Cheelee Materials (the “Prohibited Actions”). Except as expressly set forth herein, these
T&Cs do not contain any implied license and the Company expressly reserves all rights not
granted to You herein, including all rights, title and interest in the Platform, the Tokens and
any related content.
10.4. You will be in breach of these T&Cs if You perform or have performed on Your behalf any
Prohibited Action, or if You print, copy, modify, download or otherwise use or provide any
Page | 18
 other Person with access to any Cheelee Materials without the express written consent of the
Company. Upon such a breach, the Company may (without limiting its other rights and
remedies), terminate Your account in its sole and absolute discretion and disable Your access
to the Platform, in each case without notice to You. Upon the Company’s request, You shall
immediately return or destroy any copies of the Cheelee Materials in Your possession.

CLAUSE 11. THIRD-PARTY CONTENT

11.1. The Platform may contain links to third-party websites and services. Such links are provided
for Your convenience. The Company shall not be considered to make any recommendation
or endorsement of any third-party website or its content, unless expressly stated by the
Company. In addition, the Company does not suggest, imply or guarantee the safety,
accuracy or reliability of any third-party website or the conformity of such with Your
expectations. Furthermore, the Company is not responsible for maintaining any materials
referenced from another site, and makes no warranties, recommendation or endorsement for
that site or any service provided thereby or thereon. The Company assumes no obligations
in the event of any damage or loss, or any other impact, directly or indirectly resulting from
Your (or any other Person’s) use of any content, goods or services available on or through
any such third-party websites and resources.

CLAUSE 12. APPLICABLE LAW

PLEASE READ THIS CLAUSE CAREFULLY BECAUSE IT LIMITS THE MANNER IN
WHICH YOU CAN SEEK RELIEF.
12.1. To resolve any dispute, controversy or claim between the Parties arising out of or relating to
these T&Cs, or the breach thereof, the Parties agree first to negotiate in good faith for a
period of not less than thirty (30) days following written notification of such controversy or
claim to the other Party. Notice to the Company shall be sent through the various channels
made available on the Website. Notice to You shall be by email or such other means as the
Company may determine from time to time in its sole and absolute discretion. Your notice
must include (a) Your name, postal address, email address and telephone number, (b) a
description in reasonable detail of the nature or basis of the dispute, and (c) the specific relief
that You are seeking.
12.2. All rights and obligations hereunder shall be governed by the Laws of the Seychelles,
without regard to the conflicts of law provisions of such jurisdiction. The Parties submit to
the non-exclusive jurisdiction of the courts of Seychelles the and any courts competent to
hear appeals from those courts.
12.3. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings in
which either Party seeks injunctive or other equitable relief for the alleged unlawful use of
intellectual property, including, without limitation, copyrights, trademarks, trade names,
logos, trade secrets or patents, You and the Company waive Your and Company’s respective
rights to a jury trial.

CLAUSE 13. MISCELLANEOUS

13.1. Third Party Rights. You hereby acknowledge and agree that each Relevant Party is an
intended third-party beneficiary under these T&Cs (and the Company shall hold the benefit

Page | 19
 of such provisions on trust for each such Relevant Party). However, the parties to these T&Cs
may rescind or vary these T&Cs (including, without limitation, any variation so as to
extinguish or alter a third party’s entitlement to enforce any provisions of these T&Cs)
without the consent of any such third party.
13.2. Security. You must at all times remain the only person who has control over Your private
key, digital wallet and any other device associated with the use of Tokens and any username,
passwords or other login or identifying credentials used by You with respect to the Platform
and the Tokens. You must implement reasonable and appropriate measures designed to
secure access to any private key, digital wallet or any other device associated with the use
of Tokens or the use of the Platform. If You transfer any such private key, digital wallet or
any other device associated with the use of the Platform or Tokens to any third party, You
do so at Your own risk and the Company shall not be held responsible for any loss You may
suffer as a result of third parties accessing Your private key, digital wallet or any other device
associated with the use of the Platform or Tokens. In the event that You are no longer in
possession and control of any private key, digital wallet or any other device associated with
the use of Tokens the use of the Platform and/or if You are unable to provide login or
identifying credentials to the Company and/or if the private key file or password respectively
become lost or stolen, You may lose all of Your Tokens access to the use of the Platform
and/or the access to Your digital wallet. For the avoidance of doubt, the Company is under
no obligation to recover or replace any such lost or stolen Tokens or the access to the use of
the Platform and You shall not receive any amount of currency or other compensation for
any Tokens lost for whatever reason. Failure to use the Platform correctly and/or to follow
the Company’s procedures as may be made available from time to time may result in You
not receiving any Tokens losing access to the use of the Platform or losing some or all of the
amounts paid in exchange for Tokens.
13.3. Suspension. Notwithstanding anything contained herein, the Company reserves the right,
without notice and in its sole and absolute discretion, to suspend Your right to access the
Platform, and all related information and files without liability to You, at its sole and absolute
discretion, including but not limited to, in case of Your breach of these T&Cs or if the
Company believes You have committed fraud or other misconduct or are a Prohibited
Person. Upon any such suspension all rights and licenses granted to You under these T&Cs
will immediately terminate. In the event of any Force Majeure Event, breach of these T&Cs,
or any other event that would make the operation or provision of the Platform or related
services commercially unreasonable for the Company, the Company may, in its discretion
and without liability to You, with or without prior notice, suspend Your access to all or a
portion of the Platform. To the extent permitted under Applicable Law (including in the
event of applicable legislation change or amendment), in the event the Company revokes
Your right to use or access the Platform the Company shall not be required to provide You
with any compensation whatsoever.
13.4. Entire Agreement. Unless otherwise provided, these T&Cs are intended to fully reflect the
terms of the agreement between the Parties, and shall supersede any previously or
contemporaneously agreed upon terms or understanding. No provision of these T&Cs shall
be considered waived unless such waiver is in writing and signed by the Party that benefits
from the enforcement of such provision. No waiver of any provision in these T&Cs,
however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a
similar provision. In addition, a waiver of any breach or a failure to enforce any term or
condition of these T&Cs will not in any way affect, limit, or waive a Party’s rights hereunder
at any time to enforce strict compliance thereafter with every term and condition hereof.
13.5. Assignment. The Company may, at its sole and absolute discretion, assign any of its rights
and/or delegate its duties under these T&Cs (including, but not limited to any and all
Page | 20
 intellectual property rights in or to all technology, software, and code relating to the
Platform). You may not assign Your rights or delegate Your duties as a user of the Platform
or Tokens and any assignment or delegation without the written consent of the Company,
which the Company may withhold at its sole and absolute discretion, shall be null and void.
13.6. Severability. In the event any one or more of the provisions of these T&Cs are for any
reason held to be invalid, illegal or unenforceable in any jurisdiction, in whole or in part or
in any respect, or in the event that any one or more of the provisions of these T&Cs operate
or would prospectively operate to invalidate these T&Cs in any jurisdiction, then and in any
such event, such provision(s) shall be deemed modified to the minimum extent necessary so
that such provision, as so modified, shall no longer be held to be invalid, illegal or
unenforceable. Any such modification, invalidity or unenforceability shall be strictly limited
both to such provision and to such jurisdiction, and in each case to no other. Furthermore, in
the event of any such modification, invalidity or unenforceability, these T&Cs shall be
interpreted so as to achieve the intent expressed herein to the greatest extent possible in the
jurisdiction in question and otherwise as set forth herein.
13.7. Electronic Notices and Use of Information. You (i) agree and consent to receive
electronically all communications, agreements, documents, receipts, notices and disclosures
(hereinafter – the “Communications”) that the Company provides in connection with Your
use of the Platform; and (ii) have read and fully understood the Company’s Privacy Notice
annexed at Schedule 3 to these T&Cs. The Company and each of its Affiliates and their
respective service providers may further disclose Your information to any of their respective
service providers, agents, relevant custodians or similar third parties for any reason and such
Persons may keep Your information for any period of time permitted by Applicable Law.
You do hereby consent to such Persons disclosing any of Your information which they hold
to any Governmental Authority or prosecuting authority for any reason and without notice
to You. You hereby acknowledge and agree to hold the Company and each such Affiliate
harmless in respect of any disclosure of information by such Persons in accordance with
these T&Cs. For the avoidance of any doubt, the Company and each such Affiliate shall not
be liable to You or any other Person for any loss, damage or expense incurred directly or
indirectly as a result of such disclosure.
13.8. Information Requests. The Company may determine, from time to time and in its sole and
absolute discretion, that it is necessary to obtain certain information about You and Your
Affiliates in order to comply with Applicable Laws in connection with Your entry into these
T&Cs and Your subsequent holding of Tokens. You agree to provide the Company with
such information promptly upon request, and You acknowledge and accept that the
Company may refuse to permit You to use the Tokens on the Platform until You provide
such requested information and the Company has determined that it is permissible for the
Company to allow you to do so under Applicable Law. The Company further reserves the
right to request identification documentation from You and Your Affiliates at any time. In
the event that You or any such Affiliate does not provide such requested information to the
satisfaction of the Company (in its sole and absolute discretion) the Company shall not be
bound by the provisions of these T&Cs and shall be entitled to specifically refuse any
presentation of Tokens by You to the Company or any other Relevant Party. In the event
that You, directly or indirectly, sell, assign, transfers, convey or otherwise dispose of any
Tokens You do hereby covenant with the Company to procure that any such acquirer of
Tokens shall be under equivalent obligations to provide such information to the Company at
the request of the Company from time to time.
13.9. Tax Issues. The Company makes no representations concerning the tax implications of the
possession or use of Tokens. You bear the sole and absolute responsibility to determine if
the use of Tokens or the potential appreciation or depreciation in the value of Tokens over
Page | 21
 time has tax implications for You in Your home jurisdiction or any other jurisdiction. By
using Tokens and to the extent permitted by Applicable Law, You agree to be solely
responsible for any applicable taxes imposed on, and agree not to hold the Company or any
of its Affiliates liable for any tax liability associated with or arising from Your use,
possession, or transfer of Tokens. All fees and charges payable by You to the Company are
exclusive of any taxes, and shall certain taxes be applicable, they shall be added on top of
the payable amounts. Upon the Company’s request, You will provide it any information it
reasonably requests to determine whether it is obligated to collect any withholding taxes or
value added or similar taxes from You, including any applicable tax identification numbers.
If any deduction or withholding is required by Applicable Law, You will notify the Company
and will pay the Company any additional amounts necessary to ensure that the net amount
that the Company receives, after any deduction and withholding, equals the amount the
Company would have received if no deduction or withholding had been required.
Additionally, You will provide the Company with documentation showing that the withheld
and deducted amounts have been paid to the relevant taxing authority. To the extent the
Company is responsible for remitting any withholding taxes or value added or similar taxes,
Your allocation of Tokens shall be reduced to the extent such taxes are required to be
remitted by the Company. The Company wishes to make You aware that future use of the
Tokens by You when transacting with the Company may result in withholding taxes, value
added tax and/or similar taxes being imposed. You will be responsible for such taxes,
however, where the Company is responsible for remitting taxes, the amount of taxes shall
be deducted from the fees otherwise due and payable by You in connection with Your
transactions with the Company.
13.10. Force Majeure Events. The Company shall not be liable for (1) any inaccuracy, error,
delay in, or omission of (a) any information, or (b) the transmission or delivery of
information; (2) any loss or damage arising from any event beyond the Company’s
reasonable control, including but not limited to flood, extraordinary weather conditions,
earthquake, or other act of God, fire, war, insurrection, pandemic, riot, labor dispute,
accident, action of Governmental Authorities, communications, power failure, or equipment
or software malfunction or any other cause beyond the Company’s reasonable control (each,
a “Force Majeure Event”).
13.11. Compliance Policies. The Company and its Affiliates strictly follow [applicable anti-
money laundering (AML), “know your customer” (KYC) and other Applicable Laws in the
Seychelles. You fully agree to assist the Company in fulfilling the obligations of any
Applicable Law and to provide any necessary information that is required from You to the
Company or any relevant Governmental Authority.
13.12. Further Assistance. You shall cooperate with and assist the Company and its Affiliates in
connection with any investigation, examination or enquiry by any Governmental Authority.
You shall promptly provide the Company and its Affiliates with any documents,
certification, record or other materials they may request in connection with such
investigation, examination or enquiry.
13.13. Headings. Headings are for convenience only and shall not be used to limit or construe
any provisions of these T&Cs.
13.14. Contact Us: Please contact the Company if you have any questions about these T&Cs, the
Platform, or the Tokens by writing to [email protected]
13.15. If You have any question or notice any bugs, errors or violations You may send any
questions regarding the use of the Platform or regarding these T&Cs via the Website.

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CLAUSE 14. CONTACT FOR MORE INFORMATION
We hope these T&Cs clarified things for you. However, if you would still like more information,
feel free to contact us:

Nutson Ltd.
Suite 1, Second Floor, Sound & Vision House
Francis Rachel Str., Victoria, Mahe, Seychelles
Email: [email protected]

Page | 23
SCHEDULE 1. LIST OF PROHIBITED JURISDICTIONS

1) Cuba
2) Democratic People’s Republic of North Korea
3) Islamic Republic of Iran
4) Iraq
5) Libya
6) People’s Republic of China
7) Syria
8) Qatar
9) Malaysia
10) Nepal
11) Bangladesh
12) Hong Kong
13) Afghanistan
14) Saudi Arabia
15) Thailand
16) Canada
17) Singapore
18) Any jurisdiction in which the entry into these T&Cs or the ownership of the Tokens is
prohibited by Applicable Law
19) Any jurisdiction which is subject to United States, United Nations or other applicable
sanctions or embargoes

The Company reserves the right to add any additional jurisdictions at any time and without
prior notice.

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SCHEDULE 2. RISK DISCLOSURES: CERTAIN RISK FACTORS
The precise terms of the privileges and other benefits of the Tokens will be determined by
the Company in its sole and absolute discretion from time to time. Such privileges and
benefits may be amended thereafter by the Company at any time and without notice to, or
consent from, any holder of Tokens or the Company, in the sole and absolute discretion of
the Company. Any such determination or amendment shall not be a breach of the terms of
the Tokens.
While the Tokens are available only to users that are not Prohibited Persons there is the
possibility that Tokens could be acquired over time or following changes in the regulatory
landscape by persons in other jurisdictions currently restricted from acquiring Tokens and,
accordingly, the risk factors set out below may include certain risk factors specific to certain
jurisdictions even though the Company will not at present make the Tokens available at this
time to persons from such jurisdictions.
The Platform owned, operated, developed or otherwise controlled by the Company, is in beta
stage, which means that the Platform and all related software are experimental. The
Platform is provided on an “as is” and “as available” basis, without warranty of any kind,
either expressed or implied, including, without limitation, warranties that the Platform is
free of defects, vulnerabilities, merchantable, fit for a particular purpose or non-infringing.
Any use of the Platform shall be at your own risk. In no event shall the Company or the
owner of the Platform be held liable in connection with or for any claims, losses, damages or
other liabilities, whether in contract, tort or otherwise, arising out of or in connection with
the Platform or its operation or use or be under any obligation to support, develop or
otherwise maintain or promote the use of the Platform or the integration of the Tokens into
the Platform.
No promises of future performance or value are or will be made with respect to the Tokens
including no promise of inherent value, no promise of continuing payments, and no
guarantee that the Tokens will hold any particular value.
BY PARTICIPATING IN ANY ACQUISITION OF TOKENS YOU EXPRESSLY
ACKNOWLEDGE AND ASSUME ALL RISKS RELATED THERETO INCLUDING
(WITHOUT LIMITATION) THE RISKS SET OUT BELOW.
1. Risk of Losing Access to Tokens Due to Wallet Incompatibility: Your cryptocurrency
wallet must possess technical infrastructure that is compatible with the receipt, storage and transfer
of the Tokens. Non-compatible wallet addresses will not be accepted. In addition, Your wallet
address must not be associated with a third party exchange or service that has custody over the
private key. You must own the private key if Your address is an exchange address. The Company
reserves the right to prescribe additional conditions relating to specific wallet requirements at any
time, acting in its sole discretion.
2. Risks Associated with the Blockchain Protocols: Any malfunction, breakdown,
abandonment, unintended function, unexpected functioning of or attack on the protocol upon
which the Tokens are issued may have an adverse effect on the Tokens including causing them to
malfunction or function in an unexpected or unintended manner.
3. Risks Associated with Your Credentials: Any third party that gains access to or learns of
Your wallet login credentials or private keys may be able to dispose of Your Tokens. To minimize
this risk, You should guard against unauthorized access to Your electronic devices. Best practices
dictate that You safely store private keys in one or more backup locations geographically separated
from the working location. In addition, You are responsible for giving us the correct wallet address
to which to send Your Tokens. If You give us the incorrect address to which to send Your Tokens
we are not responsible for any loss of Tokens that may occur.
Page | 25
4. Risk of Unfavorable Regulatory Action in One or More Jurisdictions:
Blockchain technologies and cryptographic tokens have been the subject of scrutiny by various
regulatory bodies around the world. Blockchain technology allows new forms of interaction and
it is possible that certain jurisdictions will apply existing regulations on, or introduce new
regulations addressing, blockchain technology based applications, which regulations may be
contrary to the current setup of the Platform or its smart contract system and, therefore, may result
in substantial modifications to the Platform and such smart contract systems, including its
termination and the loss of Tokens.
The regulatory status of cryptographic tokens and distributed ledger technology is unclear or
unsettled in many jurisdictions. It is difficult to predict how or whether regulatory authorities may
apply existing regulation with respect to such technology and its applications, including
specifically (but without limitation to) the Platform and Tokens. It is likewise difficult to predict
how or whether any legislative or regulatory authorities may implement changes to law and
regulation affecting distributed ledger technology and its applications, including specifically (but
without limitation to) the Platform and Tokens. Regulatory actions could negatively impact the
Platform and Tokens in various ways, including, for purposes of illustration only, through a
determination that Tokens are a regulated financial instrument that requires registration, licensing
or restriction. The Company may cease operations in a jurisdiction if regulatory actions, or changes
to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to
obtain the necessary regulatory approval(s) to operate in such jurisdiction. The functioning of the
Platform and the Tokens could be impacted by any regulatory inquiries or actions, including
restrictions on the use or possession of digital tokens like the Tokens which restrictions could
impede, limit or end the development of the Platform and increase legal costs.
The cryptocurrency exchange market, the token listing and trading market, initial coin offerings,
and by extension the Platform, is subject to a variety of federal, state and international laws and
regulations, including those with respect to “know you customer” and “anti-money laundering”
and customer due diligence procedures, privacy and data protection, consumer protection, data
security, and others. These laws and regulations, and the interpretation or application of these laws
and regulations, could change. In addition, new laws or regulations affecting the Platform could
be enacted, which could impact the utility of the Tokens in the Platform. Additionally, users of the
Platform are subject to or may be adversely affected by industry specific laws and regulations or
licensing requirements. If any of these parties fails to comply with any of these licensing
requirements or other applicable laws or regulations, or if such laws and regulations or licensing
requirements become more stringent or are otherwise expanded, it could adversely impact the
Platform and the Tokens including the utility of Tokens with respect to the Platform.
The Company may need to obtain approvals from one or more Governmental Authorities and there
is a risk that securing such approvals may delay or prevent the Token integration event, the
development of the Platform and/or the Company’s ability to issue the Tokens.
5. Risk of Alternative, Unofficial Platforms: Following the issue of the Tokens and the
continued development of the Platform, it is possible that alternative applications or platforms
could be established, which use the same or similar open source code and protocol underlying the
Platform. The Tokens may have no intrinsic value with respect to such alternative applications.
The Platform may compete with these alternative, unofficial token-based applications, which
could potentially negatively impact the Platform and the Tokens.
6. Long-term viability of cryptoassets: Cryptoassets, including those like the Tokens are a
new and relatively untested product. There is considerable uncertainty about their long-term
viability, which could be affected by a variety of factors, including many market-based factors
such as economic growth, inflation, and others. In addition, the success of cryptoassets (including
the Tokens) will depend on the long-term utility and economic viability of blockchain and other

Page | 26
new technologies related to cryptoassets. Due in part to these uncertainties, the price of
cryptoassets are volatile and the Tokens may be hard to transfer. The Company does not control
any of these factors, and therefore may not be able to control the ability of the Tokens to maintain
their value over time.
7. Further innovations in the cryptoasset industry may cause the Tokens to lose value: The
development and acceptance of the cryptographic and algorithmic protocols governing the
issuance of, and transactions in, cryptoassets is subject to a variety of factors that are difficult to
evaluate and predict. The use of cryptoassets to, among other things, transact peer-to-peer is part
of a new and rapidly evolving commercial practice that employs digital assets based on a
computer-generated mathematical and/or cryptographic protocol. The growth of this commercial
practice in general, and the use of cryptoassets in particular, is subject to a high degree of
uncertainty. Factors affecting further development of the cryptoasset industry include, among
other things, the continued worldwide adoption of cryptoassets; governmental and quasi-
governmental regulation of cryptoassets and/or cryptoasset exchanges; changing consumer
demographics, tastes and preferences; sustained development and maintenance of open-source
software protocols; the popularity and availability of alternative and/or new payment services; and
general economic conditions. If these factors negatively affect or impede the development of the
cryptoasset industry, the value of your Tokens may also be negatively affected.
8. Risks from Taxation: The tax characterization of the Tokens is uncertain. You must seek
Your own tax advice in connection with acquiring and holding Tokens which may result in adverse
tax consequences to You, including withholding taxes, income taxes, and tax reporting
requirements. An investment in the Tokens may result in adverse tax consequences, including
withholding taxes, income taxes, and tax reporting requirements. Additionally, subsequent
transactions in cryptoassets such as the Tokens may cause investors to incur tax liabilities. Further,
any reward received in the form of, or through the use of, Tokens may result in additional tax
liability. Each investor should consult with and must rely upon the advice of its own professional
tax advisors.
9. Risk of Theft and Hacking:
Smart contracts, software applications and the Platform may be exposed to attacks by hackers or
other individuals, groups, organizations or countries that interfere with the Platform or the
availability of the Tokens in any number of ways, including denial of service attacks, Sybil attacks,
spoofing, smurfing, malware attacks, or consensus-based attacks, or phishing, or other novel
methods that may or may not be known. Any such successful attacks could result in theft or loss
of Tokens adversely impacting the ability to further develop the Platform and/or related Platforms
and derive any usage or functionality from Tokens. You must take appropriate steps to satisfy
Yourself of the integrity and veracity of relevant websites, systems and communications.
Furthermore, because the Platform is based on open-source software, there is a risk that a third
party or a member of the Company’s team may intentionally or unintentionally introduce
weaknesses or defects into the core infrastructure of the Platform, which could negatively affect
the Platform and Tokens.
You acknowledge, understand and accept that if Your private key or password gets lost or stolen,
the Tokens associated with Your wallet address may be unrecoverable and permanently lost.
Additionally, any third party that gains access to Your private key, including by gaining access to
the login credentials relating to Your wallet, may be able to misappropriate Your Tokens. Any
errors or malfunctions caused by or otherwise related to the digital wallet or vault You choose to
receive and store Tokens including Your own failure to properly maintain or use such digital wallet
or vault, may also result in the loss of Your Tokens for which the Company shall have no liability.
10. Risk of Security Weaknesses in the Platform: The Platform consists, at least in part, of
open source software that may be based on other open source software. There is a risk that the

Page | 27
Company or other third parties may intentionally or unintentionally introduce weaknesses or bugs
into the core infrastructural elements of the Platform interfering with the use of or causing the loss
of Tokens.
11. Risk of Weaknesses or Exploitable Breakthroughs in the Field of Cryptography: Advances
in cryptography, or technical advances such as the development of quantum computing, could
present risks to cryptocurrencies and the Platform by rendering ineffective the cryptographic
consensus mechanism that underpins the Platform protocol, which could result in the theft, loss or
decreased utility of the Tokens. Smart contracts, blockchain application software and blockchain
platforms and protocols are still in an early development stage and relatively unproven. There is
no warranty or assurance that the process for creating Tokens will be uninterrupted or error-free
and there is an inherent risk that the software could contain defects, weaknesses, vulnerabilities,
viruses or bugs causing, inter alia, the complete loss of contributions and/or Tokens.
12. Risk of Lack of Adoption or Use of the Platform: While the Tokens should not be viewed
as an investment, they may have value over time. That value may be limited or non-existent if the
Platform lacks acceptance, use and adoption, which may have an adverse impact on the Tokens.
13. Risk of an Illiquid Market for Tokens: There may never be any marketplace for Tokens
and the Company does not intend to take any steps to create an aftermarket in the Tokens. There
are currently no exchanges upon which the Tokens would trade. If exchanges do develop, they
will likely be relatively new and subject to poorly understood regulatory oversight. They may,
therefore, be more exposed to fraud and failure than established, regulated exchanges for other
products and have a negative impact on the Tokens. To the extent that any third party ascribes an
external exchange value to Tokens (e.g. as denominated in a crypto or fiat currency), such value
may be extremely volatile and diminish to zero. If (despite Your representations to us to the
contrary) You are holding Tokens as a form of investment on a speculative basis or otherwise, or
for a financial purpose, with the expectation or desire that their inherent, intrinsic or cash-
equivalent value may increase with time, You assume all risks associated with such speculation or
actions, and any errors associated therewith, and accept that the Tokens are not offered by the
Company or its Affiliates on an investment basis.
14. Risk of Dissolution of the Platform: It is possible that, due to any number of reasons,
including development issues with the Platform, the failure of business relationships, lack of public
interest, lack of funding, or competing intellectual property claims, the Platform may no longer be
viable as a business or otherwise and may dissolve or fail to maintain commercial or legal viability,
or be abandoned. There is no assurance that You will receive any benefits through the Tokens.
15. Risk of Malfunction in the Platform: It is possible that the Platform malfunctions in an
unfavorable way, including one that results in the loss of the Tokens.
16. Risk Arising from Lack of Rights: Because the Tokens confer only limited rights with
respect to the Platform and the Company; all decisions involving the Company (including to sell
or liquidate the Company) will be made by the Company acting in its sole and absolute discretion,
and all decisions involving the Platform including, but not limited to, decisions by the owner of
the Platform to discontinue the Platform and to create and issue more Tokens , will be made by,
as relevant, the Company or the owner of the Platform. These decisions could adversely affect the
Platform and/or Tokens You hold.
17. Risks Associated with Incomplete Information regarding the Tokens of the Platform: You
will not have full access to all the information relevant to the Company, the Tokens and/or the
Platform. The Company is not required to update You on the progress of the Platform. You are
responsible for making Your own decision in respect of the acquisition of the Tokens. The
Company does not provide You with any recommendation or advice in respect of the acquisition
of the Tokens. You may not rely on the Company to provide You with complete or up to date
information.
Page | 28
18. The holders of Tokens will not be in any fiduciary, partnership, trustee, agency or similar
relationship with the Company or any of its Affiliates and will not be owed any fiduciary duty by
the Company or any of its Affiliates. The holders of Tokens, have no direct management, equity,
voting or similar rights in the Company or any of its Affiliates. However, without limitation to the
above, the Company reserves all rights with respect to pursuing any form of decentralized
governance should it so determine that doing so would be in the best interests of the holders of
Tokens from time to time.
19. In order to seek compliance with (or to seek to mitigate the impact of) any laws, statutes,
ordinances, rules, regulations, judgments, injunctions, orders, treaties, administrative acts or
decrees of any nation or government, any state or other political subdivision thereof, any entity
exercising legislative, judicial or administrative functions of or pertaining to government,
including, without limitation, any government authority, agency, department, board, commission
or instrumentality, and any court, tribunal or arbitrator(s) of competent jurisdiction, and any self-
regulatory organization believed by the Company or its Affiliates to apply to or affect the
Company or its Affiliates, the Platform or the Tokens , the Company may in its sole and absolute
discretion take such steps as it considers necessary or convenient to comply with such matters
including, without limitation, the termination of the Tokens and/or the Platform. In addition, the
Company may take such steps as it considers necessary or convenient where it believes or suspects
the Tokens may be used, trafficked or applied in the attempted furtherance of money laundering,
terrorist financing, tax evasion or other unlawful activity or where it believes the Platform is no
longer viable.
20. Regulation of (i) tokens (including the Tokens.); (ii) cryptocurrencies (iii) blockchain
technologies; and (iv) cryptocurrency exchanges is currently underdeveloped and is likely to
evolve rapidly, vary significantly among international, national, federal, state and local
jurisdictions and is subject to significant uncertainty. Various legislative and executive bodies in
the United States, South Korea, China, Singapore, among other countries, may apply existing, are
currently considering, or may in the future consider, laws, regulations, guidance, or other actions,
which may severely impact the development and growth of the Platform, the Company and the
Tokens. Other countries may adopt similar approaches. Failure by the Company or users of the
Platform to comply with any laws, rules and regulations, some of which may not exist yet or are
subject to interpretation and may be subject to change, could result in a variety of adverse
consequences, including civil penalties and fines. New or changing laws and regulations or
interpretations of existing laws and regulations would likely have numerous material adverse
consequences on the Company and the Tokens. Therefore, there can be no assurance that any new
or continuing regulatory scrutiny or initiatives will not have a material adverse impact on the value
of the Tokens or impede the activities of the Company.
21. The Company has the exclusive right, in its sole and absolute discretion, to address and
remediate any of the operational, legal or regulatory risks presented as of the date hereof or
hereafter. In the exercise of such rights, it is possible that the Company may determine that the
continued development of the Platform is not feasible. Accordingly, there is a material risk that
the Company and its Affiliates may not successfully continue to develop, market and operate the
Platform and the Tokens.
Unanticipated Risks: Cryptographic tokens are a relatively new and comparatively untested
technology. In addition to the risks discussed herein, there are risks that the Company cannot
anticipate. Further risks may materialize as unanticipated combinations or variations of the
discussed risks or the emergence of new risks.

Page | 29
SCHEDULE 3. PRIVACY NOTICE
This privacy notice (the “Seychelles Privacy Notice”) explains the manner in which Nutson Ltd.
(the “Company”) collects, processes and maintains personal data about you.
The Company is committed to processing personal data in accordance with applicable law. In its
use of personal data, certain members of the Company will be characterised under applicable law
as a data controller, whilst certain of the Company’s service providers, affiliates and delegates
may act as data processors under applicable law. For the purposes of this Seychelles Privacy
Notice, we, us or our means each member of the Company in its capacity (as relevant) as data
controller of the personal data and you or your means the Tokenholder,holder or relevant
individual affiliated or connected with the Tokenholder, ,holder receiving this Seychelles Privacy
Notice.
If you are a nominee Token holder, or a corporate entity, this Seychelles Privacy Notice will be
relevant for those individuals connected to you and you should transmit this document to such
individuals for their awareness and consideration.
Personal data: By virtue of acquiring Tokens the Company and certain other service providers
and their respective affiliates and delegates (the “Authorised Entities”) may collect, record, store,
transfer and otherwise process personal data by which individuals may be directly or indirectly
identified. We may combine personal data that you provide to us with personal data that we collect
from or about you. This may include personal data collected in an online or offline context and
international sanctions lists. It may also include data which, when aggregated with other data,
enables an individual to be identified, such as an IP address and geolocation data.
Why is your personal data processed: The storage, processing and use of personal data by the
Company will take place for lawful purposes, including:
1. to comply with any applicable legal, tax or regulatory obligations on the Company or
another Authorised Entity under any applicable laws and regulations;
2. to perform a contract to which you are a party or for taking pre-contractual steps at your
request;
3. to operate the Company, including managing and administering the Tokens and the
business of the Company on an on-going basis which enables the Company and its Tokenholders
,holder to satisfy their contractual duties and obligations to each other;
4. to verify the identity of the Company to third parties for any purpose which the Company
considers necessary or desirable;
5. to assist the Company in the improvement and optimisation of advertising (including
through marketing material and content) its services;
6. for risk management and risk control purposes relating to the Company;
7. to pursue the Company’s or a third party’s legitimate interests: (i) for direct marketing
purposes; or (ii) to help detect, prevent, investigate, and prosecute fraud and/or other criminal
activity, and share this data with legal, compliance, risk and managerial staff to assess suspicious
activities; and/or
8. where you otherwise consent to the processing of personal data for any other specific
purpose.
As a data controller, we will only use your personal data for the purposes for which we collected
it as set out in this Privacy Notice. If we need to use your personal data for an unrelated purpose,
we will contact you. In certain circumstances, we may share your personal data with regulatory,

Page | 30
prosecuting and other governmental agencies or departments, and parties to litigation (whether
pending or threatened), in any country or territory.
We may transfer your personal data outside of the Seychelles, as permitted under applicable law.
We will not sell your personal data.
Your rights: You may have certain rights under applicable law, including:
1. the right to be informed as to how we collect and use your personal data;
2. the right to access your personal data;
3. the right to require us to stop direct marketing;
4. the right to have inaccurate or incomplete personal data corrected;
5. the right to withdraw your consent and require us to stop processing or restrict the
processing, or not begin the processing, of your personal data;
6. the right to be notified of a data breach (unless the breach is unlikely to be prejudicial); and
7. the right to require us to delete your personal data in some limited circumstances.
Please note that if you do not wish to provide us with requested personal data or subsequently
withdraw your consent, you may not be able to hold or otherwise deal with the Tokens or remain
as a holder of the Tokens as it will affect our ability to provide our services to you as a
Tokenholder.
Retention of Personal Data: The personal data shall not be held by the Company for longer than
necessary with regard to the purposes of the data processing.
Changes to Privacy Notice: We encourage you to regularly review this and any updated
Privacy Notice to ensure that you are always aware of how personal data is collected, used, stored
and disclosed.
Contact Us: Please contact the Company if you have any questions about this Privacy Notice, the
personal data we hold about you or to discuss your rights under applicable law, by writing to
[email protected]

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