Effective date: September 02, 2019.
IMPORTANT NOTICE:
PLEASE READ THIS DOCUMENT THOROUGHLY AND IN FULL AS IT CONTAINS CRUCIAL INFORMATION ABOUT WALK COIN (WKX) TOKENS.
BY PURCHASING WALK COIN (WKX) TOKENS YOU ACCEPT AND AGREE TO BE BOUND BY THIS AGREEMENT IN ITS ENTIRETY.
WALK COIN (WKX) TOKENS ARE NOT BEING OFFERED OR DISTRIBUTED TO, AS WELL AS CAN NOT BE RESOLD OR OTHERWISE ALIENATED BY THEIR HOLDERS TO, CITIZENS OF, NATURAL AND LEGAL PERSONS, HAVING THEIR HABITUAL RESIDENCE, LOCATION OR THEIR SEAT OF INCORPORATION (I) IN THE UNITED STATES OF AMERICA (INCLUDING ITS STATES AND THE DISTRICT OF COLUMBIA), PEOPLE’S REPUBLIC OF CHINA, REPUBLIC OF KOREA, SINGAPORE OR (II) IN THE COUNTRY OR TERRITORY WHERE TRANSACTIONS WITH DIGITAL TOKENS ARE PROHIBITED OR IN ANY MANNER RESTRICTED BY APPLICABLE LAWS OR REGULATION.
This Walkex Token Purchase and Sale Agreement (“Token Sale Agreement”) is entered into by and among You or the entity that you rightfully and legally represent (“Buyer” or “You”) and Walkex OÜ ,Estonia, Harju County,Tallinn, Lasnamäe district, Peterburi Road 47, 11415. Walkex OÜ is a company registered in Estonia having its registration code: 14605058 and regulatory number Ä 50106808. Our Token is called Walk Coin ( WKX ) and our exchanger is called walkex.com and dex.walkex.com
WHEREAS, Walkex is an exchange that operates cryptographic currency trading, and offers many other products and services related to cryptocurrencies, such as DEX, IEO Launchpad.
Wlkex.com is part of a limited company of financial technology incorporated in Estonia called Walkex OÜ with registration number 14605058. Wakex creates a cryptocurrency financial center with the help of advanced blockchain technologies.
The Walkex team develops a state-of-the-art platform to provide convenient, convenient, secure and affordable services to customers around the world.
WHEREAS, Walk Coin (WKX) Tokens are not investment tools and therefore this Token Sale Agreement shall not be regarded as or represent any kind of offer for purchase and/or sale of any financial or security tools or participation in any kind of investment option.
WHEREAS, Seller may, at its own discretion, refuse to issue Walk Coin (WKX) Tokens and/or sell them to the Buyer without giving any reason even in the case if all conditions for purchase of Walk Coin (WKX) Tokens are met by such Buyer;
WHEREAS, Walk Coin (WKX) Tokens are not in any way targeted at, offered or distributed to any Restricted Persons including but not limited ROK Person, PRC Person, Singapore Person or U.S. Person (as defined below and specified in Article IV hereof), and
WHEREAS, Seller reserves the right to arrange and perform additional Walk Coin (WKX) Tokens distributions and any related distribution events in accordance with this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement, intending to be legally bound
hereby and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller as the Parties agree as follows:
In addition to the definitions contained elsewhere in the text of this Agreement or Walkex Terms and Conditions as well Privacy Policy, the following terms and expressions shall have the meaning ascribed to them here below:
“Account” means an account created for Buyer on Website after Buyer’s successful registration and authorization thereon, and used for Walk Coin (WKX) Tokens purchase.
“Action” means any claim, action, suit, audit, assessment, arbitration, or any proceeding, in each case, that is by or before any Governmental Authority.
“Damages” mean any real and potential damages, losses, liabilities, fees, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special, including any loss of business, revenues, profits, data, use, goodwill or other intangible losses.
“Dispute” means any dispute, controversy or claim based on, arising out of, relating to or in connection with this Agreement, including with respect to the formation, applicability, breach, violation, termination, validity or enforceability hereof.
“Ethereum” means an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.
“ETH” means Ether cryptocurrency used for the purchase of Walk Coin (WKX) Tokens.
“BTC” means Bitcoin cryptocurrency used for the purchase of Walk Coin (WKX) Tokens.
“Governmental Authority” means any applicable federal, state, provincial, territorial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, ministry, agency or instrumentality, court or tribunal, in each case having jurisdiction with respect to a particular matter.
“Legal basis of Walkex” is all legal documents of Seller placed at Website including but not limited Terms of Use, Privacy Policy, as well as Refund Policy and Shipping Policy.
“White Paper” means a document describing in details Walkex and Walk Coin (WKX) Tokens and available at White Paper.
“Payment” means payment made by Buyer to Seller for Walk Coin (WKX) Tokens.
“PRC Person” means any citizen, resident, natural or legal person located or domiciled in the People’s Republic of China, or any legal entity, including, without limitation, any corporation or partnership created, registered or organized in or under the laws of the People’s Republic of China, or anyone who has any other minimal connections or any other ties with the People’s Republic of China.
“Privacy Policy” means Seller’s statement that describes the way Seller gathers, uses, discloses, and manages Buyers’ data and the latest version is available at Privacy Policy.
“ROK Person” means any citizen, resident, natural or legal person located or domiciled in Republic of Korea, or any legal entity, including, without limitation, any corporation or partnership created, registered or organized in or under the laws of Republic of Korea, or anyone who has any other minimal connections or any other ties with Republic of Korea.
“Restricted Persons” have the meaning, set out in Section 4.4 (a) of Article IV hereof.
“Seller’s Parties” mean Seller and Seller’s 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, as well as any other person nominated by Seller.
“Singapore Person” means any citizen, resident, natural or legal person located or domiciled in Singapore, or any legal entity, including, without limitation, any corporation or partnership created, registered or organized in or under the laws of Singapore, or anyone who has any other minimal connections or any other ties with Singapore.
“Walk Coin (WKX) Tokens Sales and Distribution Period” means the time period during which the Seller will be offering Walk Coin (WKX) Tokens for sale and distribution.
“Terms of Use” means terms and conditions of use applicable to the Website that are hereby incorporated by reference and the latest version is available at Terms of Use.
“Token Owner Rewards” has meaning set out in Section 2.7. of Article II.
“Walkex Smart Contract” means the Ethereum smart contract representing the mechanism of creation and distribution of the Tokens.
“U.S. Person” means any citizen, resident, natural or legal person located or domiciled in the United States of America including its states, territories and the District of Columbia, or any legal entity, including, without limitation, any corporation or partnership created, registered or organized in or under the laws of the United States of America, any state or territory thereof or the District of Columbia, or anyone who has any other minimal connections or any other ties with the United States of America.
“Website” means the website of the Seller, https://www.walkex.comM and www.dex.walkex.com, using which the Buyer can order a the walkex token of the Seller may be made available for use by the Buyer, as well as make a deposit and so on, for purposes of the use of this Service of the Seller in accordance with this Agreement and the other legal documents of the Seller. /
Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii) words using the singular or plural number also include the plural or singular number, respectively; (iii) the terms “hereof,” “herein,” “hereby,” “hereto” and derivative or similar words refer to this entire Agreement; (iv) the terms “Article” or “Section” refer to the specified Article or Section of this Agreement; (v) the word “including” shall mean “including, without limitation,” (vi) the word “or” shall be disjunctive but not exclusive, and (vii) the term “dollar” or “$” means lawful currency of the United States of America.
(b) Unless the context of this Agreement otherwise requires, references to agreements and other documents shall be deemed to include all subsequent amendments and other modifications thereto.
(c) The language used in this Agreement shall be deemed to be the language chosen by the parties to express their mutual intent and no rule of strict construction shall be applied against any party.
(d) Whenever this Agreement refers to a number of days, such number shall refer to calendar days.
The Buyer agrees to purchase, and the Seller agrees to sell Walk Coin (WKX) Tokens on the terms and under the conditions set forth herein. Buyer fully acknowledges, understands and agrees that it is subject to and bound by this Agreement by virtue of Buyer’s purchase of Walk Coin (WKX) Tokens. This Agreement shall become effective and binding on the Parties depending on whatever happens earlier either (a) from the moment Buyer ticks the check-box on the Website to indicate and confirm that it has read, acknowledged, understood and agrees to the terms of this Agreement; or (b) upon commitment of Payment by the Buyer under Section 2.7 hereof.
Seller has established Terms of Use, Privacy Policy, as well as other policies mentioned on website (Legal basis of Walkex). Legal basis of Walkex may be amended unilaterally at any time at Seller’s sole discretion. The latest versions of documents constituting Legal basis of Walkex are hereby incorporated by reference. Buyer confirms that it has read, acknowledged, understood and agrees to Legal basis of Walkex in their entirety. It is Buyer’s responsibility to check the Website regularly for any modifications to the Legal basis of Walkex. In case of any conflicts between provisions of Terms of Use and this Agreement, the Agreement shall prevail.
Seller has prepared the Whitepaper describing Walkex and Walk Coin (WKX) Tokens Sales and Distribution process. The Whitepaper may be amended unilaterally from time to time at Seller’s sole discretion. The latest version of the Whitepaper is hereby incorporated by reference solely for information purposes regarding the Walkex and Walk Coin (WKX) Tokens Sales and Distribution process. Buyer confirms that it has read, acknowledged and understood the Whitepaper in its entirety. It is Buyer’s responsibility to check the Website regularly for modifications to the Whitepaper. In case of any conflicts between provisions of the Whitepaper and this Agreement, the Agreement shall prevail.
(a) Walk Coin (WKX) Tokens are not financial or collateral tools. Walk Coin (WKX) Tokens are utility crypto-tokens and digital means of use of the Services of the Seller and they only provide the Buyer with certain limited rights as explicitly defined herein.
(b) This Token Sale Agreement shall not represent or be regarded as a sale of derivatives, shares, or stocks of any company. It represents a sale of Walk Coin (WKX) Tokens, which are digital assets that only provide the Buyer with certain limited rights as explicitly defined herein. Purchase of Walk Coin (WKX) Tokens and their corresponding possession after their purchase by the Buyer shall not give the Buyer any ownership or any interest rights over Walkex.
(c) Walk Coin (WKX) Tokens are not an investment, loan, currency, security, commodity, a swap on a currency, security or commodity or any other kind of financial instrument as may be defined by any national legislation or Governmental Authority. Therefore, this Token Sale Agreement shall not be regarded as or represent any kind of offer for purchase and/or sale of any financial or security tools or participation in any kind of investment option. Purchase of Walk Coin (WKX) Tokens and their corresponding possession after their purchase by the Buyer shall not be regarded as or represent any loan by the Buyer to Walkex.
(d) Walk Coin (WKX) Tokens do not have any rights, uses, purposes, attributes, functionalities or features, express or implied, including without limitation any uses, purposes, attributes, functionalities or features except those that are provided by Walkex and this Agreement.
(e) All purchases of Walk Coin (WKX) Tokens are final. Any price and/or other amounts paid for Walk Coin (WKX) Tokens are non-refundable. Such purchases cannot be cancelled or withdrawn in any other way. Buyer acknowledges understands and agrees that there is a risk of losing any and all amounts paid except specified clause in 4.6
(f) Seller by means of this reserves the right to refuse or cancel any and all Walkex Token purchase requests at any time at its sole discretion. Buyer acknowledges, understands and agrees to the reserved right.
The sale of Walk Coin (WKX) Tokens and Walk Coin (WKX) Tokens themselves are not software, securities, commodities, swaps on either securities or commodities or a financial instrument of any kind as may be determined by any national legislation or defined by any Governmental Authority. Purchases and sales of Walk Coin (WKX) Tokens are not subject to the protections of any laws governing the named types of financial instruments. This Agreement and all other documents referred to herein, including Whitepaper and Terms of Use, do not constitute a prospectus or offering document and are not an offer to sell, nor the solicitation of an offer to buy an investment, a security, commodity, or a swap on either a security or commodity as may be established by any national legislation or defined by any Governmental Authority.
The Buyer confirms and agrees that he/she shall not purchase Walk Coin (WKX) Tokens for the purposes of investing, speculating, resale, or any other financial purposes that may or may not result in immediate profit for such Buyer as a consequence of sale or exchange of purchased Walk Coin (WKX) Tokens as may be defined by any national legislation. Walk Coin (WKX) Tokens are utility crypto-tokens and are not designed for investment purposes. Walk Coin (WKX) Tokens should not be considered as a type of investment as may be defined by any national legislation.
(a) Walk Coin (WKX) Tokens provide Buyers with the right to use Services provided by Walkex.
(b) Buyers of Walk Coin (WKX) Tokens who prefer to hold their Walk Coin (WKX) Tokens without spending them on the Services shall be entitled to receipt of Walkex Token Owner Rewards, which are calculated every two weeks and sent directly to the Ethereum wallet of the Buyer.
(c) Walkex Token Owner Reward calculation formula is as follows: (40% of the total profit of Walkex) divided by (the number of the Buyers entitled to receipt of Walkex Token owner rewards) divided by (the number of Walk Coin (WKX) Tokens owned by the Buyer entitled to receipt of Token owner rewards).
(d) Buyers entitled to receipt of Walkex Token Owner Rewards shall be bound by the reward period of 12 months, which shall start upon the first purchase of Walk Coin (WKX) Tokens, during which they shall receive such rewards.
(e) Walkex Token Owner Rewards shall be calculated solely according to the formula presented in section 2.7 and not according to the total amount of Walk Coin (WKX) Tokens that have been acquired by the Buyer and spent on the Services of Walkex.
The Sellers ‘Parties are in the process of undertaking a legal and regulatory analysis of the functionality of the Walk Coin (WKX) Tokens. Following the conclusion of this analysis, the Company Parties may decide to amend the intended functionality of the Walk Coin (WKX) Tokens in order to ensure compliance with any legal or regulatory requirements to which the Tokens are subject. The Sellers’ Parties shall publish a notice on Website of any changes to the functionality of Walk Coin (WKX) Tokens and it is Buyer's responsibility to regularly check the Website for any such notices.
Payment is a prepayment for the right to use Services in the future. The possible ways of future using of Walk Coin (WKX) Tokens herein and in Whitepaper.
(a) Seller shall distribute to Buyer the amount of Walk Coin (WKX) Tokens specified in Buyer’s Account within the 30 days after completion of Walkex Token Sales and Distribution Period.
(b) Buyer must possess own Ethereum wallet that supports the Ethereum token standard (ERC20) in order to be eligible to take part in Walkex Token sale. Such wallet is necessary for receipt of Walk Coin (WKX) Tokens purchased from Walkex and biweekly token owner rewards and therefore the use of any third-party wallet, such as a wallet address given by trading platforms, where the Buyer does not have access to the private keys is prohibited. Buyer shall provide an accurate digital wallet address to Seller for receipt of any Walk Coin (WKX) Tokens distributed to Buyer pursuant to this Agreement.
Walk Coin (WKX) Tokens may not be available for exchange and/or trading on any platforms. If this is the case, such exchange or trading shall be considered accidental, inconsequential, and secondary to the key aim and the intended use of Walk Coin (WKX) Tokens as defined on the Website of Seller and in the legal documents of Seller.
Buyer acknowledges and understands that the proceeds from the sale of Walk Coin (WKX) Tokens will be utilized by Seller for any and all legal purposes in its sole discretion.
By means of this Buyer represents and warrants to Seller as of the date of this Agreement as follows:
Buyer has all requisite power and authority to execute, deliver, carry out and perform its obligations under this Agreement, making Payments, purchase Walk Coin (WKX) Tokens.
Buyer is not a Restricted Person in line with Section 4.4. of Article IV hereof. Neither this Agreement nor Whitepaper are targeted at Restricted Persons. Walk Coin (WKX) Tokens are not offered to Restricted Persons who are strictly prohibited and restricted from making Payments and/or purchasing Walk Coin (WKX) Tokens in line with Section 4.4(a) hereof.
The execution, delivery and performance of this Agreement will not result in any violation of, be in conflict with, or constitute a material default under, with or without the passage of time or the giving of notice:
Assuming the truth and completeness of the representations and warranties of Buyer contained in this Agreement, no consent, approval or authorization of, or designation, declaration or filing with, any Governmental Authority is required with respect to Buyer’s execution or delivery of this Agreement.
There are no Actions, or, to the knowledge of Buyer, investigations, pending before or by any Governmental Authority or, to the knowledge of Buyer, threatened, against Buyer which, if determined adversely, could reasonably be expected to have a material adverse effect on the ability of Buyer to enter into and perform its obligations under this Agreement. There is no unsatisfied judgment or any open injunction binding upon Buyer which could reasonably be expected to have a material adverse effect on the ability of Buyer to enter into and perform its obligations under this Agreement.
Buyer has sufficient knowledge and experience in business and financial matters, blockchain or cryptographic tokens and other digital assets, smart contracts, storage mechanisms (such as digital or token wallets), blockchain based software systems and blockchain technology, to be able to evaluate the risks and merits of Buyer’s purchase of Walk Coin (WKX) Tokens, including sufficient knowledge to clearly understand all the matters set forth in this Agreement, and is able to bear any and all risks related therewith, including loss of all amounts paid, loss of Walk Coin (WKX) Tokens and other risks under Article VIII hereof. Buyer can bear liability to Seller’s Parties and any other third parties for its misacts and omissions, including those constituting breach of this Agreement, negligence, fraud or will full misconduct. Buyer acknowledges and confirms that he/she has obtained enough information in order to make an informed decision to enter into this Agreement and purchase Walk Coin (WKX) Tokens.
(a) Any and all funds, including fiat currency, virtual currency, cryptocurrency and all kinds of digital currency Buyer uses to purchase Walk Coin (WKX) Tokens are not derived from or related to any unlawful activities, including without limitation money laundering or terrorist financing, and Buyer will not use Walk Coin (WKX) Tokens to finance, engage in, or otherwise support any unlawful activities as may be defined by any Governmental Authority.
(b) Any and all payments by Buyer under this Agreement, including Payment, will be made only in Buyer’s name, from a digital wallet or bank account not located in a country or territory that has been designated as a “non-cooperative country or territory” by the Financial Action Task Force, and is not a “foreign shell bank” within the meaning of the U.S. Bank Secrecy Act (31 U.S.C. § 5311 et seq.), as amended, and the regulations promulgated thereunder by the Financial Crimes Enforcement Network, as such regulations may be amended from time to time.
(a) Anti-Money Laundering; Counter-Terrorism Financing. To the extent required by any Governmental Authority or by applicable law of any related jurisdiction, Buyer represents and warrants that it complies with all anti-money laundering and counter-terrorism financing requirements. Any and all funds, including virtual currency or cryptocurrency, Buyer uses to purchase Walk Coin (WKX) Tokens are not derived from or related to any unlawful activities, including money laundering or terrorist financing, and Buyer will not use Walk Coin (WKX) Tokens to finance, engage in, or otherwise support any unlawful activities as may be defined by any Governmental Authority.
(b) Sanctions Compliance. Neither Buyer, nor any person having a direct or indirect beneficial interest in Buyer, if applicable, or Walk Coin (WKX) Tokens being acquired by Buyer, or any person for whom Buyer is acting as agent or nominee in connection with Walk Coin (WKX) Tokens, is the subject to sanctions administered or enforced by any Governmental Authority or related jurisdiction, or is organized or residing in a country or territory that is the subject of country-wide or territory-wide sanctions administered or enforced by any Governmental Authority or related jurisdiction.
(a) Seller offers Walk Coin (WKX) Tokens for sales and distribution in accordance with the material specifications as set forth in Schedule 1 hereto which includes details regarding the pricing of Walk Coin (WKX) Tokens, the number of Walk Coin (WKX) Tokens to be distributed and Walkex Token Sales and Distribution Period. Seller may change Walkex Token Sales and Distribution Period and amend Schedule 1 in any other way as it deems necessary for any reason, including the unavailability of the Website or any other unforeseen procedural or security issues. At any time prior to the expiration of Walkex Token Sales and Distribution Period, Seller may either temporarily suspend or permanently abort the Walkex Token Sales and Distribution for security reasons. Any suspension or abort of Walkex Token Sales and Distribution shall be deemed to commence from the moment that Seller publishes a notice to that effect on the Website.
(b) By sending the payment for the Walk Coin (WKX) Tokens, Buyer acknowledges that he understands and has no objection to these procedures and material specifications. Failure to follow such procedures may result in Buyer not receiving any Walk Coin (WKX) Tokens.
(c) Seller reserves the right to refuse or reject the Sales and Distribution of the Walk Coin (WKX) Tokens at any time at Seller's sole discretion, including cases when the information provided by Buyer upon any requests is not sufficient, inaccurate or misleading, Buyer is deemed to be a Restricted Person (as defined below and specified in Article IV hereof) or Buyer has not complied with any of the requirements of the Legal Basis of Walkex.
During the Walkex Token Sales and Distribution Period Seller will provide specific instruction and procedures on how Buyer should purchase Walk Coin (WKX) Tokens through the Website. It is Buyer’s responsibility to follow and check the Website for receiving specific procedures on Walk Coin (WKX) Tokens purchase. By purchasing Walk Coin (WKX) Tokens, Buyer acknowledges, understands and has no objection to such instructions, procedures and specifications. Buyer acknowledges, understands and has no objection that failure to use the Website and follow the specific procedures may result in Buyer not receiving any Walk Coin (WKX) Tokens and/or losing some or all the amounts paid in exchange for Walk Coin (WKX) Tokens, regardless of the purchase date.
Receipt or purchase of Walk Coin (WKX) Tokens through any other means other than Website are not sanctioned or in any way agreed by Seller. Purchase of Walk Coin (WKX) Tokens through any other means but the Website is not subject hereof. Buyer should take great care that only Website is used to purchase Walk Coin (WKX) Tokens.
a) Walk Coin (WKX) Tokens are not being offered or distributed to, as well as cannot be resold or otherwise alienated by their holders to the following restricted persons ("Restricted Persons"):
i. PRC (People's Republic of China) PERSONS, SINGAPORE PERSONS and U.S PERSONS.
ii. citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory where transactions with digital tokens are prohibited or in any manner restricted by applicable laws or regulations, or will become so prohibited or restricted at any time after this Agreement becomes effective.
b) The Restricted Persons are strictly prohibited and restricted from purchasing and using the Walk Coin (WKX) Tokens and Seller are not soliciting purchases and usage by Restricted Persons in any way.
c) It is solely Buyer's obligation to verify at the time of making payment for the Walk Coin (WKX) Tokens (i) whether or not Buyer or a person he represents is a Restricted Person; (ii) whether or not Buyer is allowed to purchase the Walk Coin (WKX) Tokens under the applicable laws and regulations; and (iii) whether or not Buyer is allowed by applicable laws and regulations to use the Tokens in the manner specified at the Website.
d) IF A RESTRICTED PERSON PURCHASES WALK COIN (WKX) TOKENS, SUCH RESTRICTED PERSON HAS DONE SO ON AN UNLAWFUL, UNAUTHORIZED AND FRAUDULENT BASIS. IN SUCH A CASE, ANY TRANSACTIONS AND OPERATIONS ENTERED INTO BY THE RESTRICTED PERSON IN RESPECT OF WALK COIN (WKX) TOKENS SHALL BE NULL AND VOID, INCLUDING, BUT NOT LIMITED TO TRANSACTIONS RESULTING FROM ACCEPTANCE OF THIS AGREEMENT, ANY TRANSACTION RESULTING FROM THE ACQUISITION OF THE TOKENS AND ANY PAYMENT OPERATION.
e) Seller is not bound by this Agreement if either this Agreement has been entered into by Restricted Person as Buyer or any third party acting as Buyer has entered into this Agreement or has purchased Walk Coin (WKX) Tokens on behalf of Restricted Person. Seller may take all necessary and appropriate actions as it deems necessary and in its sole discretion to invalidate this Agreement. Any Restricted Person who makes Payments, uses Walkex Smart Contract and/or purchases Walk Coin (WKX) Tokens or enters into this Agreement on unlawful, unauthorized or fraudulent basis shall be solely liable for, and indemnifies, defends and holds Seller and Seller’s Parties harmless from any Damages that may arise from or is a result of such Restricted Person’s unlawful, unauthorized or fraudulent making of Payments, use of Walkex Smart Contract and/or purchase of Walk Coin (WKX) Tokens. Any Restricted Person who makes Payments, uses Walkex Smart Contract and/or purchases Walk Coin (WKX) Tokens or enters into this Agreement on unlawful, unauthorized or fraudulent basis understands, acknowledges and accepts that it may lose and Seller has the right to retain any and all money and/or other funds, including virtual currency or cryptocurrency, paid for Walk Coin (WKX) Tokens as a penalty for violation of Terms of Use and misrepresentation hereunder.
(a) Buyer understands and consents to participation of Seller’s Parties in allocation, distribution and purchase of Walk Coin (WKX) Tokens, including people who may work on development and implementation of the Walkex or who may work for Seller’s future businesses which Seller may start or enter into with a portion of the proceeds from Walkex Token distribution and sale.
(b) Buyer understands and consents that 60% of Walk Coin (WKX) Tokens will be distributed to Buyers, while the remaining 40% will be distributed by the following distribution structure:
(c) The distribution token structure of Walkex contained herein is presented merely for illustrative purposes and Walkex retains the right to allocate Walk Coin (WKX) Tokens to the distribution structure fields presented below in a different manner.
In case if Seller will not reach the soft cap ( €1,000,000 WALKEX) before the end of the token sale on October 14, 2019, it shall return any and all funds that the Buyers used for purchase of Walk Coin (WKX) Tokens during the token sale back to the Buyers within 30 days. Hard cap €50,000,000. ICO period starts 10th July 2019 to 14th Oct. 2019.
(a) The purchase of Walk Coin (WKX) Tokens by Buyers does not in any way constitute a loan to Seller and is not a bond as may be defined by any national legislation or Governmental Authority;
(b) The purchase of Walk Coin (WKX) Tokens by Buyers does not provide them with a stock or any other ownership or management rights or any other interest in Seller.
Walk Coin (WKX) Tokens are not an investment instrument as it may be defined by any national legislation. By purchasing Walk Coin (WKX) Tokens Buyer does not acquire any rights for dividends or other income from the Seller or its business activity; as well as any rights to manage, instruct or otherwise influence Seller’s business and commercial activity. Walkex Token Owner Rewards that Buyer may be entitled to receive do not constitute dividends as it may be defined by any national legislation and do not provide any rights to manage, instruct or otherwise influence Seller’s business and commercial activity. Walk Coin (WKX) Tokens provide Buyers with the only right to use services provided by Walkex and have no other purpose or value. All other ways of using Walk Coin (WKX) Tokens including resale, exchange, pledge do not correspond with the purpose of Walk Coin (WKX) Tokens.
Walk Coin (WKX) Tokens do not provide, and Seller retains all rights, title and interest in all of its intellectual property in relation to Walkex, including but not limited inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyright or patents based thereon. Buyer may not use any of Seller’s intellectual property for any reason without Seller’s prior written consent. Intellectual property of Walkex may only be used, irrespective of the reason, upon receipt of prior consent of the Company in writing.
Buyer will implement any and all necessary and appropriate measures designed to secure access to: (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of Walk Coin (WKX) Tokens; (ii) private keys to Buyer’s wallet or any other Buyer’s private account used for Walkex Token storage; and (iii) any other username, passwords or other login or identifying credentials in any way connected with Walk Coin (WKX) Tokens. Seller is under no obligation to reimburse or in any other way compensate any Walk Coin (WKX) Tokens to which Buyer has lost access. Buyer understands and accepts that in the event that Buyer is no longer in possession of Buyer’s device or any private keys associated with Buyer and utilized in connection with Buyer’s purchase of Walk Coin (WKX) Tokens, Buyer may lose all of Buyer’s Walk Coin (WKX) Tokens. Buyer also acknowledges, understands and agrees that all purchases of Walk Coin (WKX) Tokens are non-refundable.
(a) Seller reserves the right to conduct "Know Your Customer" and "Anti-Money Laundering" checks on Buyers if deem necessary or it becomes required by the applicable laws.
(b) Upon Seller’s first request, Buyer shall immediately provide Seller with any and all information and documents that Seller in its sole discretion deems necessary or appropriate to comply with any national laws, regulations of Governmental Authorities, rules or agreements, including those related to any judicial process. Such documents may include but are not limited to Buyer’s passport, driver’s license, utility bills, photographs of associated individuals, government identification cards, sworn statements, any corporate information as may be applicable.
(c) Buyer consents to disclose to Seller any such information and documents in order to comply with any applicable national laws, regulations of Governmental Authorities, rules or agreements.
(d) Buyer acknowledges and agrees that Seller may refuse to distribute Walk Coin (WKX) Tokens to Buyer or to utilize Walk Coin (WKX) Tokens through www.walkex.com until such requested additional information is provided by Buyer.
(e) Buyer acknowledges and agrees that Seller reserves the right to refuse to distribute Walk Coin (WKX) Tokens to Buyer that, according to the information available to Seller, is suspected in receiving the funds used for the Walkex Token purchase or in using the Walk Coin (WKX) Tokens or Services, with the aim of money laundering, terrorism financing, or any other illegal activity.
(f) All payments by Buyer under this Agreement shall be made only in Buyer’s name, from a digital wallet or bank account not located in a country or territory that has been designated as a "non-cooperative country or territory" by the Financial Action Task Force, and is not a "foreign shell bank" within the meaning of the U.S. Bank Secrecy Act (31 U.S.C. § 5311 et seq.), as amended, and the regulations promulgated thereunder by the Financial Crimes Enforcement Network, as such regulations may be amended from time to time.
Seller gathers, processes, uses, discloses, and manages information including personal data obtained from the Buyer in relation to Website use and Walk Coin (WKX) Tokens purchase use in compliance with Privacy Policy which is incorporated here by reference.
SELLER DOES NOT MAKE, AND HEREBY DISCLAIMS, ANY REPRESENTATION OF WARRANTY, EXPRESS OR IMPLIED, INCLUDING ANY RELATING TO THE FUTURE OR HISTORICAL FINANCIAL CONDITION, RESULTS OF OPERATIONS, RESULTS OF WALKEX SERVICES LAUNCH AND FUTURE OPERATION, AS WELL AS ANY WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR ABSENCE OF ANY DEFECTS WITH RESPECT TO WALKEX SMART CONTRACTOR WALK COIN (WKX) TOKENS OR THEIR UTILITY, OR THE ABILITY OF ANYONE TO MAKE PAYMENTS, USE WALKEX SMART CONTRACTAND PURCHASE WALK COIN (WKX) TOKENS. WITHOUT LIMITING THE FOREGOING, NEITHER SELLER NOR ANY OF SELLER’S PARTIES REPRESENT OR WARRANT THAT THE PROCESS OF PURCHASING WALK COIN (WKX) TOKENS OR RECEIVING WALK COIN (WKX) TOKENS WILL BE UNINTERRUPTED OR ERROR-FREE OR THAT WALK COIN (WKX) TOKENS ARE RELIABLE AND ERROR-FREE. BUYER ACKNOWLEDGES AND UNDERSTANDS THAT BUYER MAY NEVER RECEIVE WALK COIN (WKX) TOKENS AND MAY LOSE ANY AND ALL MONEY AND/OR OTHER FUNDS, INCLUDING VIRTUAL CURRENCY OR CRYPTOCURRENCY, PAID FOR WALK COIN (WKX) TOKENS. SELLER SHOULD BE LIABLE FOR THE DAMAGES INCURRED BY THE BUYER IN CASE OF SELLER’S GROSS NEGLIGENCE AND INTENTIONAL MISCONDUCT.
Buyer’s decision to purchase Walk Coin (WKX) Tokens and enter into this Agreement shall be made based on Buyer’s own knowledge and information disclosed herein and in Whitepaper. Additionally, Buyer has conducted to its own satisfaction an independent investigation and verification of Walkex Services, Walkex Smart Contract and Walk Coin (WKX) Tokens and shall therefore rely solely on its own examination. Buyer acknowledges, understands and agrees that Buyer is making Payments and purchasing Walk Coin (WKX) Tokens at its sole risk. Without prejudice to the generality of the foregoing, Buyer accepts purchased Walk Coin (WKX) Tokens on an “AS IS” and “AS AVAILABLE” basis, irrespectively of the technical specifications, parameters, performance or function thereof, and with no representations, warranties, promises or guarantees of any kind made by Seller.
Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation or warranty by Seller that:
BUYER HAS CAREFULLY REVIEWED, ACKNOWLEDGES, UNDERSTANDS AND ASSUMES THE FOLLOWING RISKS, AS WELL AS ALL AND ANY OTHER RISKS ASSOCIATED WITH WALKEX AND WALK COIN (WKX) TOKENS (INCLUDING THOSE NOT MENTIONED AND DISCUSSED HEREIN), ALL OF WHICH COULD RENDER WALK COIN (WKX) TOKENS LOST, WORTHLESS OR OF LITTLE OR NO VALUE. BUYER ACKNOWLEDGES AND ACCEPTS THAT BUYER MAY LOSE ANY AND ALL MONEY AND/OR OTHER FUNDS, INCLUDING VIRTUAL CURRENCY OR CRYPTOCURRENCY, PAID FOR WALK COIN (WKX) TOKENS.
Seller is not in a position, nor obliged, to keep Buyers closely posted on every detail of Walkex development (including its progress and expected milestones whether rescheduled or not) and therefore will not necessarily provide the Buyers with timely and full access to all the information relating to Walkex that may emerge from time to time. The insufficiency of information disclosure is inevitable and reasonable. Buyer acknowledges, understands and accepts that it may not have full information on the process of Walkex development.
Regulatory and legal status of crypto-tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether Governmental Authorities will regulate such technologies in future. It is likewise difficult to predict how or whether any Governmental Authority may make changes to existing laws, regulations and/or rules that will affect crypto-tokens, digital assets, blockchain technology and their applications. Such changes could negatively impact Walk Coin (WKX) Tokens as crypto-tokens in various ways. As a result, Seller may stop development of Walkex, sales and distribution of Walk Coin (WKX) Tokens, or its operations in a jurisdiction if there is a risk of recognition of such activity as unlawful or commercially undesirable. Buyer acknowledges, understands and accepts the risk related to uncertain regulatory and legal framework.
Walk Coin (WKX) Tokens as crypto-tokens are or may be overseen by Governmental Authorities. Seller may receive queries, notices, warnings, requests or rulings from Governmental Authorities from time to time or may even be ordered to suspend or discontinue any action in connection with Walkex or Walk Coin (WKX) Tokens Sales and Distribution. As a result, the development, marketing, promotion of Walkex may be seriously affected, hindered or terminated. Walk Coin (WKX) Tokens in turn could be defined from time to time as virtual commodity, digital asset or even securities or currency by Governmental Authorities in various jurisdictions and therefore could be prohibited from being traded or held pursuant to local regulatory requirements. As a result, Buyer may lose all Walk Coin (WKX) Tokens purchased hereunder, as well as any and all money and/or other funds, including virtual currency or cryptocurrency, paid for Walk Coin (WKX) Tokens. Buyer acknowledges, understands and accepts the risk related to regulatory measures.
Walk Coin (WKX) Tokens are distributed for spending them on Services or Walkex Token Owner Reward. Buyer may be unable to sell or otherwise transact Walk Coin (WKX) Tokens at any time, or for the price Buyer paid. By making Payments and purchasing Walk Coin (WKX) Tokens, Buyer acknowledges, understands and agrees that Walk Coin (WKX) Tokens may have no value; there is no guarantee or representation of liquidity for Walk Coin (WKX) Tokens; and Seller’s Parties are not and shall not be responsible or liable for the market value of Walk Coin (WKX) Tokens, the transferability and/or liquidity of Walk Coin (WKX) Tokens and/or the availability of any market for Walk Coin (WKX) Tokens through third parties or otherwise. Buyer acknowledges, understands and accepts the risk related to inability to transact or resell Walk Coin (WKX) Tokens.
Buyer acknowledges and confirms that Walkex shall not be held responsible for any kind of change, depreciation, and/or fluctuations of the value and price of Walk Coin (WKX) Tokens as well as for any actions, events, or occurrences that may influence, precede, or result from such changes, depreciations, and/or fluctuations of the value and price of Walk Coin (WKX) Tokens.
If Buyer makes Payments from an exchange or an account that Buyer does not control, Walk Coin (WKX) Tokens will be allocated to the account from which the Payment was made; therefore, Buyer may never receive or be able to recover the purchased Walk Coin (WKX) Tokens. If Buyer chooses to maintain or hold Walk Coin (WKX) Tokens through a cryptocurrency exchange or other third party, Buyer’s Walk Coin (WKX) Tokens may be not received, stolen or lost. Buyer acknowledges and agrees that if Buyer makes Payments and/or purchases Walk Coin (WKX) Tokens through an account that Buyer does not control and/or holds Walk Coin (WKX) Tokens on a cryptocurrency exchange or with another third party, Buyer does so at its own and sole risk.
Walkex Token is not a currency issued by any individual, entity, central bank or national, supra- national or quasi-national organization, nor it is backed by any hard assets or other credit. Circulation of Walk Coin (WKX) Tokens on the market is not what Seller is responsible for or pursues. Trading of Walk Coin (WKX) Tokens merely depends on the consensus on its value between the relevant market participants. Nobody guarantees the liquidity of Walk Coin (WKX) Tokens to any extent at any time. Buyer acknowledges, understands and accepts the liquidity risk.
Except for the cases strictly provided by the applicable legislation or in the legally binding documentation on Walk Coin (WKX) Tokens Sale and Distribution, Seller is not obliged to provide the Walkex Token holders with a refund related to Walk Coin (WKX) Tokens for any reason, and Walkex Token holders will not receive money or other compensation in lieu of the refund. No promises of future performance or price are or will be made in respect to Walk Coin (WKX) Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that Walk Coin (WKX) Tokens will hold any value. Therefore, the recovery of spent resources may be impossible or may be subject to foreign laws or regulations, which may not be the same as the private law of Walkex Token holder.
The tax characterization of Walk Coin (WKX) Tokens is uncertain. Buyer shall seek his own tax advice in connection with acquisition, storage, transfer and use of Walk Coin (WKX) Tokens, which may result in adverse tax consequences to the buyer, including, without limitation, withholding taxes, transfer taxes, value added taxes, income taxes and similar taxes, levies, duties or other charges and tax reporting requirements.
Walk Coin (WKX) Tokens may be subject to expropriation and/or theft. Hackers or other malicious groups or organizations may attempt to interfere with Walkex Smart Contractor Walk Coin (WKX) Tokens in a variety of ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. There is a risk that Walkex Smart Contract as based on Ethereum blockchain may contain intentional or unintentional bugs or weaknesses which may negatively affect Walk Coin (WKX) Tokens or result in partial or complete loss of Buyer’s Walk Coin (WKX) Tokens, loss of Buyer’s ability to access or control Buyer’s Walk Coin (WKX) Tokens and/or loss of ETH or BTC in Buyer’s account and/or wallet. In the event of such a software bug or weakness there may be no remedy, so Walk Coin (WKX) Tokens holders are not guaranteed any remedy, refund or compensation. Buyer acknowledges, understands and accepts the risk related to token security.
Walk Coin (WKX) Tokens purchased by Buyer may be held by Buyer in Buyer’s digital wallet or vault, which requires a private key, or a combination of private keys, for access. Loss of requisite private key(s) associated with Buyer’s digital wallet or vault storing Walk Coin (WKX) Tokens will result in loss of access to Buyer’s Walkex Token balance and/or loss of such Walk Coin (WKX) Tokens. Any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service Buyer uses, may be able to misappropriate Buyer’s Walk Coin (WKX) Tokens. Seller is not responsible for any such losses. Seller is not responsible for a direct or indirect loss of Walk Coin (WKX) Tokens purchased from Walkex and/or biweekly token owner rewards, or non-receipt of Walk Coin (WKX) Tokens or rewards, in case if Buyer uses a third-party wallet without access to his/her private keys for purchase or receipt of Walk Coin (WKX) Tokens and token owner rewards. Buyer acknowledges, understands and accepts the risk related to the loss of private keys.
Failure of Buyer to map a public key to Buyer’s account or wallet may result in third parties being unable to recognize Buyer’s Walkex Token balance on Ethereum blockchain when and if they configure the initial balances of a new blockchain based upon Walkex of which Seller makes no representation or guarantee.
If completed, Walkex will in whole or partly rely on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of might have a material adverse effect on Walkex. Buyer acknowledges, understands and accepts the risk related to reliance on third parties.
Buyer is aware of the specifics of Ethereum blockchain technology and acknowledges, understands and accepts all risks related thereto.
(a) The Ethereum blockchain is prone to periodic congestion during which transactions can be delayed or lost. Timing of block production is determined by proof of work so block production can occur at random times. Individuals may also intentionally spam Ethereum blockchain in an attempt to gain an advantage in purchasing cryptographic tokens. Buyer acknowledges and understands that Ethereum block producers may not include Buyer’s transaction when Buyer wants or Buyer’s transaction may not be included at all.
(b) In case of hardfork or double spending (51% attack), majority mining power attacks, "selfish-mining" attacks, and race condition attacks in Ethereum blockchain, all or part of Walk Coin (WKX) Tokens and Walkex Smart Contractmay be lost or become unavailable to exploit. Seller may not be held liable for any Damages or any other losses caused by these events and does not guarantee the safety and stability of Walk Coin (WKX) Tokens or Walkex Smart Contract.
Seller will make every effort to ensure that the funds received from the Walkex Token Sale and Distribution will be securely held through the implementation of security measures. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the Website, in the smart contract(s), on the Ethereum or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the Token Sale is completed, Seller may not be able to receive the cryptocurrencies raised and to use such funds for the development of the Platform and/or for launching any future business line. In such case, the provision of Services might be temporarily or permanently curtailed. As such, distributed Tokens may hold little worth or value, and this would impact its trading price.
Walkex Services is still under development and may undergo significant changes over time. Although Seller intends Walkex to have the features and specifications set forth in the Whitepaper and herein, Seller may make changes to such features and specifications at its sole discretion for any number of reasons, and any party that adopts Walkex also may make changes, any of which may mean that Walkex does not meet Buyer’s expectation. The development of Walkex may be abandoned at any time for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
Each Buyer shall declare, bear, and pay any and all such taxes, duties, imposts, levies, tariffs, charges and surcharges that might be imposed by applicable national laws and Governmental Authorities’ regulations of any jurisdiction as a result of or in connection with the receipt, holding, use, purchase, appreciation, trading or divestment of Walk Coin (WKX) Tokens (whether purchased hereunder or otherwise acquired). Buyer shall be solely liable for all such penalties, claims, fines, punishments, liabilities or otherwise arising from Buyer’s non-payment, underpayment, undue payment or belated payment of any applicable tax, duty, impost, levy, tariff, charge or surcharge. Seller gives no advice and makes no representations as to the tax implication of any Buyer’s purchase of Walk Coin (WKX) Tokens. Walk Coin (WKX) Tokens price does not include VAT or consumption or any other related tax. Buyer confirms and agrees that all purchases of Walk Coin (WKX) Tokens and their corresponding possession after their purchase by Buyer are subject to payment of taxes as applicable in the country of residence of Buyer.
Buyer acknowledges, understands and agrees that Buyer may be considered, recognized or defined as tax agent in accordance with the laws of Buyer’s tax residency.
This Agreement, Walkex Smart Contract, Walkex or Walk Coin (WKX) Tokens shall not form basis for any claim against the Seller and/or Seller’s Parties. To the fullest extent permitted by law, Buyer disclaims and waives any right or cause of action against Seller and Seller’s Parties of any kind in any jurisdiction. Buyer agrees not to seek any refund, compensation or reimbursement from any Seller’s Party, regardless of the reason, and regardless of whether the reason is identified in this Agreement. Seller hereby expressly disclaims its liability, and shall in no case be liable to any person, for:
(a) any person making Payments, purchasing Walk Coin (WKX) Tokens in violation of any anti-money laundering, counter-terrorism financing or other regulatory requirements that are imposed in any jurisdiction and by any Governmental Authority;
(b) any person making Payments, purchasing Walk Coin (WKX) Tokens in violation of any representation, warranty, obligation, covenants or other provision hereunder, and the resulting failure or inability to retrieve his/her payment or to claim relevant purchased Walk Coin (WKX) Tokens;
(c) early termination of Sales and Distribution Period for any reason;
(d) failure, abortion, delay or rescheduling of Walkex development and resulting failure to meet any anticipated milestone;
(e) any malfunction, breakdown, collapse, rollback or hard for king of the Ethereum
blockchain; specific use;
(f) failure of Walk Coin (WKX) Tokens to meet any specific purpose;
(g) utilisation of proceeds raised Walk Coin (WKX) Tokens distribution;
(h) failure to timely and completely disclose any information relating to the
development of Walkex;
(i) any Buyer’s divulgence, loss or destruction of the private key associated with Buyer’s digital wallet or vault storing Walk Coin (WKX) Tokens;
(j) trading or speculation of Walk Coin (WKX) Tokens by any person;
(k) listing or delisting of Walk Coin (WKX) Tokens on or from any crypto-currency exchange;
(l) Walk Coin (WKX) Tokens being classified or treated by Governmental Authority as a kind of currency, securities, commercial paper, negotiable instrument, investment or otherwise that may be banned, regulated or subject to certain legal restrictions;
(m) any risk factors disclosed herein and any Damage that is caused by, associated with, in connection with, incidental to or consequential to that risk factor.
To the fullest extent permitted by applicable law, Buyer releases Seller and Seller’s Parties from any and all responsibility, liability, claims, demands, and/or Damages based on, arising out of or relating to this Agreement, any possible disputes and controversies with Buyer and the acts or omissions of any third parties.
Notwithstanding Section 10.1 hereof, in no circumstances the aggregate joint liability of Seller and Seller’s Parties, whether in contract, warrant, tort or other theory, for Damages to Buyer hereunder shall exceed the amount received by Seller from Buyer. Any Dispute shall be resolved. If applicable law does not allow all or any part of the above limitation of liability to apply to Buyer, the limitations will apply to Buyer only to the extent permitted by applicable law.
To the fullest extent permitted by applicable law, Buyer indemnifies, holds harmless and reimburses Seller and Seller’s Parties from and against any and all expenses or amounts paid (including legal and arbitration fees and expenses of counsel), losses, claims, fines, liabilities, Damages, judgments based on, arising out of or relating to Payments, Buyer’s use of Walkex and/or purchase of Walk Coin (WKX) Tokens hereunder. Seller reserves the right to exercise sole control over the defense, at Buyer’s expense, of any claim subject to indemnification hereunder.
Buyer understands and agrees that Seller shall not be liable for any violation hereof in case of any force majeure event, including but not limited to industrial disturbances, electrical, communications, hardware, software or other utility failures, software or smart contract bugs or weaknesses, Ethereum blockchain hardfork, double spending attack, Acts of God, Second Coming, earthquakes, storms, or other nature-related events, blockages, embargoes, riots, acts or orders of government, uprisings, revolutions, acts of terrorism or war, technological change, changes in interest rates or other monetary conditions, and, for the avoidance of doubt, changes to any blockchain-related protocol.
This agreement will be governed by and construed in accordance with the laws of Estonia, and you submit to the non-exclusive jurisdiction of the state and federal courts located in Estonia for the resolution of any disputes.
Parties shall cooperate in good faith to resolve any Dispute by way of negotiations. If the Parties are unable to resolve a Dispute within ninety (90) days of initial notice of such Dispute and invitation to negotiate sent by one Party and being received by another Party, such Dispute shall be finally resolved by binding arbitration as defined in Section 11.3 hereof.
Any Dispute not resolved within ninety (90) days as set forth in Section 11.2 hereof shall be referred to and finally resolved by the International Arbitration and Cryptography Centre Limited (“IACC”) in accordance with its rules in effect at the time of the arbitration, except as they may be modified herein or by mutual agreement of the Parties. The number of arbitrators shall be three. One arbitrator shall be selected by Seller, one arbitrator shall be selected by Buyer, and the presiding arbitrator shall be nominated by arbitrators selected by the Parties. The seat of arbitration shall be Estonia, Harju County. Arbitration hearings if necessary, shall be held online in accordance with IACC rules. The language to be used in the arbitral proceedings shall be Estonia, Harju County. The arbitration award shall be final and binding on the Parties.
Any Dispute is personal to Buyer and Seller and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual will attempt to resolve a dispute as a representative of another&
Walkex is the world’s leading crypto exchange Platform supporting various forms of transactions such as Fiat to Crypto,Crypto to Crypto and instant purchase option. Let your crypto move faster in the crypto-market with feature enriched exchange.
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