Terms and Conditions

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Legal terms, November 22, 2021

The following Terms and Conditions (“Terms”) govern your (“you” or the “Purchaser”) purchase of cryptographic tokens (“CARBO”) from CleanCarbon.io Limited, a private limited company registered in the UAE, as CleanCarbon FZCO,
Digital Silicon Oasis, Dubai (the “Company”). Each of you and the Company is a “Party” and, together, the “Parties” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the CARBO token sale.

If you don’t agree to these terms, do not purchase CARBO from the company.
By purchasing CARBO from the company, you will be bound by these terms, and any terms incorporated by reference.

 

If you have any questions regarding these terms, please contact company at marketing@cleancarbon.io.

By purchasing CARBO, and to the extent permitted by law, you are agreeing not to hold any of the Company and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “CleanCarbon Team”) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of CARBO, including losses associated with the terms set forth below.

Do not purchase CARBO token if you are not an expert in dealing with cryptographic tokens and blockchain-based software systems. Prior to purchasing CARBO, you should carefully consider the terms listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not purchase CARBO.

Purchases of CARBO should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, including Binance Smart Chain tokens, and blockchain based software systems. Purchasers should have a functional understanding of storage and transmission mechanisms associated with other cryptographic tokens.

While the company will be available to assist purchasers of CARBO during the sale, the company will not be responsible in any way for loss of BNB, BUSD or CARBO resulting from actions taken by, or omitted by purchasers. If you do not have such experience or expertise, then you should not purchase CARBO or participate in the sale of CleanCarbon. Your participation in CleanCarbon sale is deemed to be your undertaking that you satisfy the requirements mentioned in this paragraph.

 

Purchaser agrees to buy, and company agrees to sell, the CARBO tokens in accordance with the following terms:

#1 The conditions of the CARBO token sale

You may not make a acquire a CARBO token if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America, or other countries where the cryptocurrencies are prohibited by law.

 

#2 The Company Will Not Purchase CARBO token During the CleanCarbon Sale

The Company warrants that neither it nor its shareholders will purchase CARBO during the CleanCarbon sale. Furthermore, the Company warrants that neither it nor its shareholders will purchase CARBO from any third party during the period of the CARBO sale.

 

#3 all purchases of CARBO are final

All purchases of carbo are final. Purchases of CARBO are non- refundable. By purchasing CARBO, the purchaser acknowledges that neither the company nor any of its affiliates, directors or shareholders are required to provide a refund for any reason.

 

#4 Disclaimer of Warranties

The purchaser expressly agrees that the purchaser is purchasing CARBO at the purchaser’s sole risk and that CARBO is provided on an “as is” basis without warranties of any kind, either express or implied, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose (except only to the extent prohibited under applicable law with any legally required warranty period to the shorter of thirty days from first use or the minimum period required).

Without limiting the foregoing, none of the CleanCarbon team warrants that the process for purchasing CARBO will be uninterrupted or error-free.

 

#5 Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, CleanCarbon is uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

 

#6 Risk of Losing Access to CleanCarbon cold wallets Due to Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of CARBO stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing CARBO will result in loss of such CARBO.

Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your CARBO.

Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store CARBO in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your CARBO. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving CARBO, or provides an address that is not BEP20 compatible, may result in the loss of your Tokens.

 

#7 Risks Associated with the Binance Smart Chain Protocol

Because CARBO and the CleanCarbon platform are based on the Binance Smart Chain protocol, any malfunction, breakdown or abandonment of the Binance Smart Chain protocol may have a material adverse effect on the platform or CARBO. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the CARBO and the platform, including the utility of the CARBO for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Binance Smart Chain protocol.

 

#8 Risk of Mining Attacks

As with other decentralised cryptographic tokens based on the Binance Smart Chain protocol, CARBO are susceptible to attacks by miners in the course of validating CARBO transactions on the Binance Smart Chain blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the platform and CARBO, including, but not limited to, accurate execution and recording of transactions involving CARBO.

 

#9 Risk of Hacking and Security Weaknesses

Hackers or other malicious groups or organisations may attempt to interfere with the platform or CARBO in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and CARBO, including the utility of CARBO for obtaining services.

The purchaser expressly agrees that the purchaser is purchasing carbo at the purchaser’s sole risk and that CARBO is provided on an “as is” basis without warranties of any kind, either express or implied, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose (except only to the extent prohibited under applicable law with any legally required warranty period to the shorter of thirty days from first use or the minimum period required).

Without limiting the foregoing, none of the CleanCarbon team warrants that the process for purchasing CARBO will be uninterrupted or error-free.

 

By purchasing, owning, and using CARBO, you expressly acknowledge and assume the following risks:

#1 Risk of Losing Access to CARBO Due to Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of CARBO stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing CARBO will result in loss of such CARBO. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your CARBO.

Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store CARBO in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your CARBO. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving CARBO, or provides an address that is not BEP20 compatible, may result in the loss of your Tokens.

 

#2 Risks Associated with the Binance Smart Chain Protocol

Because CARBO and the CARBO platform are based on the Binance Smart Chain protocol, any malfunction, breakdown or abandonment of the Binance Smart Chain protocol may have a material adverse effect on the platform or CARBO. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the CARBO and the platform, including the utility of the CARBO for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Binance Smart Chain protocol.

 

#3 Risk of Hacking and Security Weaknesses

Hackers or other malicious groups or organisations may attempt to interfere with the platform or CARBO in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and CARBO, including the utility of CARBO for obtaining services.

 

#4 Risks Associated with Markets for CARBO

If secondary trading of Tokens is facilitated by third-party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third-parties do ascribe an external exchange value to CARBO (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile.

 

#5 Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, CARBO are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

 

#6 Risks Associated with Uncertain Regulations and Enforcement Actions

The regulatory status of CARBO and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the CleanCarbon platform and CARBO. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and CARBO.

Regulatory actions could negatively impact the platform and CARBO in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of CARBO constitute unlawful activity or that CARBO is a regulated instrument that requires registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof.

The Company may cease operations in a jurisdiction in the event that 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.

 

#7 Risks Arising from Taxation

The tax characterisation of CARBO is uncertain. You must seek your own tax advice in connection with purchasing CARBO, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.

 

#8 Risk of Competing platforms

It is possible that alternative platforms could be established that utilise the same open-source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the CleanCarbon services.

 

#9 Risks Arising from Lack of Governance Rights

Because CARBO confers no governance rights of any kind with respect to the CleanCarbon platform or the Company, all decisions involving the Company’s products or services within the platform or the Company itself will be made by the Company at its sole discretion. These decisions could adversely affect the platform and the utility of any CARBO you own, including their utility for obtaining services.

 

#10 Unanticipated Risks

Cryptographic tokens such as CARBO are new and untested technology. In addition to the risks discussed here, there are other risks associated with your purchase, possession and use of CARBO, including unanticipated risks. Such risks may further materialise as unanticipated variations or combinations of the risks discussed above.

For further information regarding the CARBO sale, please contact marketing@cleancarbon.io