These terms and conditions (hereinafter Terms) constitute the legal relationship and legally binding agreement between Unleashed and you as an Acquirer (hereinafter together Parties), in respect of the Voucher Generation Event of Unleashed (hereinafter VGE) and the further use of the KIBBL™. By registering at KYC-platform to participate in VGE, you confirm that you fully agree to all the terms and conditions contained in this document. If you do not agree to the terms and conditions contained in this document, then you may not participate in the VGE nor acquire KIBBL™.
If you have any questions regarding these Terms, please contact us at firstname.lastname@example.org
ACQUISITION OF KIBBL™ INCLUDES VARIOUS RISKS. BEFORE ACQUIRING ANY KIBBL™, YOU SHOULD CONSIDER ALL INFORMATION IN THESE TERMS, INCLUDING THE RISK FACTORS DESCRIBED IN ANNEX A BELOW AND OTHER DOCUMENTS REFERRED TO IN THESE TERMS.
Your acquisition of KIBBL™ during this VGE and further use is subject to these Terms. Neither these Terms nor any documents referred to in these Terms constitute a prospectus of any sort, nor a solicitation or recommendation for investment, nor an initial public offering, nor an offering of shares or equity, nor do they pertain to an offering of securities in any form or manner.
The issue of KIBBL™ is not and may not be construed as any kind of assurance, guarantee or promise that the Project will be successfully developed and/or that any of the services described as being part of the Project will be launched or offered.
After the VGE, we may continue to sell new KIBBL™s or resell redeemed KIBBL™ at any price we choose. In the event that a public exchange chooses to list KIBBL™ we can also buy and sell KIBBL™s on the public exchange.
We have the right to amend these Terms at any time by publishing a respective notice together with the amended version of the Terms at the Website. We can also amend these Terms if there is any change in the laws or regulations, or any new or amended interpretation of such laws or regulations, or any action by any regulator or public authority which may, directly or indirectly, affect the VGE, the Project, Unleashed and/or the Acquirers. Your continued use of the Website after any amendments or alterations of these Terms shall constitute as your consent hereto and acceptance hereof.:
“Accepted Currency” means USD, EUR, GBP, ETH and BTC. Other currencies are considered case by case basis.
“Acquirer” means you, i.e. the person registering to the VGE, transferring Accepted Currency and receiving KIBBL™ in return following the entry into an Agreement with Unleashed.
“Affiliate” means, in relation to Unleashed, its past, present and future employees, members of management bodies, officers, directors, parent companies, subsidiaries, shareholders, agents, representatives, service providers, legal successors and assigns.
“Agreement” means an agreement on the terms and conditions set out in these Terms, which shall be deemed to have been entered between you, the Acquirer, and Unleashed from the moment you have accepted these Terms.
“Bank Account” means the bank account of Unleashed where the Acquirers can transfer their contribution.
“Dispute” means any dispute, claim, suit, action, cause of action, demand or proceeding arising out or in connection with this Agreement, or the breach, termination or invalidity thereof, or otherwise in connection with the acquisition of KIBBL™.
“ERC20” means the Ethereum Request for Comment No. 20 smart contract standard setting the initial guidelines for a blockchain token that can be offered through, and available on, the Ethereum network in a standardized format in order to be tradable with other blockchain tokens on Ethereum.
“Ethereum” means the smart contract protocol, virtual machine and decentralized network including all its related components and protocol-related projects both present and future, which began operation (Genesis Block) on July 30th, 2015.
“Face Value” means the fiat equivalent of KIBBL™ when purchased via the Unleashed platform.
“KIBBL™” means a blockchain token created by Unleashed in connection with the Project and enables the Acquirer to use the Unleashed Services. KIBBL™ acts as a voucher for Unleashed Services.
“KYC-platform” means online platform where persons can register for VGE.
“Project” means Unleashed blockchain based ecosystem described in more detail in the White Paper.
“SAFT” means any simple agreement for tokens containing a future right to a specified number of KIBBL™.
“Terms” mean these terms and conditions forming the Agreement between you, the Acquirer, and Unleashed.
“Unleashed” means Unleashed Partners Group OÜ, a company incorporated under the laws of Estonia with registry code 14736822.
“Unleashed Services” means the advertising and communication services provided by Unleashed or a third company using the platform developed and run under the guidance of Unleashed.
“Unleashed Team” means persons assigned by Unleashed.
“We” means Unleashed.
“VGE” means the issue of KIBBL™ as described in the White Paper and to which these Terms apply.
“Wallet” means software which enables and facilitates the sending and the receipt of cryptocurrencies and tokens, including KIBBL™.
“Website” means www.unlshd.world
“White Paper” means the detailed description of Unleashed Project as currently envisaged and as may be amended by Unleashed from time to time. The White Paper is made available on the Website.
You can acquire KIBBL™ from Unleashed during the VGE subject to these Terms by transferring Accepted Currency to the Wallet or Bank Account determined by Unleashed.
When the VGE starts, you will be able to transfer Accepted Currency and receive KIBBL™ in exchange.
The minimum contribution VGE is 65,000 KIBBL™ (EUR 994.50 or equivalent) in case you wish to redeem the KIBBL™ within 6 months from the time the Unleashed platform is ready. If the you wish to redeem the KIBBL™ later (i.e. starting from the end of the VGE), the minimum contribution is 32,500 KIBBL™ (EUR 497.25 or equivalent).
During the VGE, the KIBBL™ is sold at a discount to its face value. If you acquire KIBBL™ during the VGE public sale, you will receive a discount of 10%. This means that if you contribute EUR 9,000, you will receive EUR 10,000 worth of Unleashed Services once you redeem the KIBBL™.
Qualified Acquirers can participate in the VGE through SAFT.
Your wallet you use to receive KIBBL™ must be ERC20-compatible.
You must be at least 18 years of age to register for and participate in the VGE. We reserve the right to unilaterally turn down any request of any Acquirer to participate in the VGE and shall have no obligation to justify or outline the reasons for any rejection.
Although the Website is accessible worldwide, we reserve the right to limit, in our sole discretion and without providing any justification related thereto, the persons and geographic areas which can register and participate in the VGE. the Effort:
We reserve the right to block the IP addresses from the USA or any other jurisdiction from which contributions are not accepted and we have no obligation to justify or outline the reasons for any rejection.
4. DESCRIPTION AND USE OF KIBBL™
KIBBL™ is a cryptographic token that serves as a proof of participation in the VGE and represents a contractual obligation of Unleashed to redeem it for Unleashed Services, i.e. Unleashed work hours, in the future (from the time the Unleashed platform is ready).
The value of the KIBBL™ is permanently fixed in Unleashed Work hours and will never change. The rate between KIBBL™ and work hours depends on the service level of the individual provider. The service provider level ranges from 1-15 and is a reflection of their relative experience and qualifications. In order to find the hourly rate of a service provider, multiply the service provider level by 1,000 KIBBL™s.
As the KIBBL™ is redeemable for Unleashed work hours, the quotes for your order will always be given in work hours. The cost per hour depends on the credentials of the service provider. However, payment may be made in accepted fiat currencies at the current KIBBL™ face value.
Please note that when we provide Unleashed Services, the priority is given to fiat payers over KIBBL™ redemptions. The reason behind this is the discount we are providing to the holders of KIBBL™.
By nature, KIBBL™ is NOT and shall in NO case be understood, deemed, interpreted or construed as:
- equity interest, voting or non-voting securities (or it’s like) in, or claims against, Unleashed or any other entity in any jurisdiction;
- equity or debt investment of any kind in any venture;
- stocks, bonds or stocks, bonds or any securities/class of securities;
- any form of financial derivatives;
- any commercial paper or negotiable instrument;
- any form of investment contract between the relevant holder and any other person;
- any note, debenture, warrant or other certificate that entitles the holder to interest, dividend or any kind of return from any person;
- the rights under the price difference (margin) contract or any other contract whose purpose or its intended purpose is to ensure profit or avoid losses;
- structural units in the collective investment mechanism / the institution of joint investment structural units (units) in the trust unit investment fund / in the trust investment fund.
5. KYC PROCESS
In order to comply with the “know your customer” and “anti-money laundering” (hereinafter KYC) requirements of Unleashed, we have set up a KYC process that all prospective Acquirers that wish to participate in the VGE must pass before being able to acquire KIBBL™, (hereinafter KYC process). By accepting these Terms, you are deemed to have accepted also the terms of the KYC process. The passing of said KYC process is a condition precedent for any Acquirer being able to acquire KIBBL™.
By accepting these Terms, you are deemed to have represented and warranted to us that:
i. All information provided in the course of the KYC process, is accurate, true and up to date.
ii. Upon request of Unleashed, you will provide such information and documents that we, in our sole discretion, deem necessary or appropriate to comply with any laws, regulations, rules, agreements we have entered into and/or requirements established by third parties involved in the Project, including the banks. You consent to the disclosure by us of such information and documents to any governmental entities or agencies or third parties involved in the Project.
iii. You (i) do not appear on the list of international financial sanctions imposed by the European Union, the United Nations, other international organisations or the Government of the Republic of Estonia as published on the website of the Financial Intelligence Unit (https://www.politsei.ee/et/rahapesu/) (hereinafter List of Sanctions) (ii) are not otherwise a party with which we are prohibited to deal with under the laws of Estonia or any other applicable jurisdiction (iii) are not a person identified as a terrorist organization on any other relevant lists maintained by any governmental authority, or (iv) unless otherwise disclosed in the KYC process, you are not a PEP or any family member or close associate of a PEP.
iv. Your transfer of Accepted Currency to us shall not cause us to be in violation of applicable laws or regulations, including, without limitation, AML, economic sanctions, anti-bribery or anti-boycott laws or regulations.
v. Your transfer of Accepted Currency to us is not or will not be derived from, pledged for the benefit of, or related in any way to, (i) the government, an organisation or person in any country designated by applicable laws as supporting international terrorism, (ii) the government, an organisation or person in any country that has been designated as a non-cooperative country or as a money laundering or (iii) directly or indirectly, any illegal activities.
vi. You acknowledge that we may collect documentation verifying the identity and the source of funds used to acquire KIBBL™ before, and from time to time after, the date of this Agreement.
vii. You understand that a breach of the above warranties and representation is a breach of these Terms, and that we may take any action or recourse we deem appropriate, in our sole discretion, to remedy the breach or protect our interests under these Terms.
viii. You acknowledge and agree that the KYC process may be conducted by any third party designated by us.
6. OTHER REPRESENTATIONS AND WARRANTIES OF THE ACQUIRER
In addition, by transferring Accepted Currency to us for the acquisition of KIBBL™, you as the Acquirer are deemed to have represented and warranted to us that:
i. You have read, understand and accept these Terms (including all Annexes).
ii. You understand the restrictions and risks (as listed in, but not limited to in Annex A below) associated with the acquisition, possession and use of KIBBL™ as set forth in these Terms and acknowledge and assume all such restrictions and risks.
iii. You have a sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens and blockchain-based software systems to make an informed decision to acquire KIBBL™.
iv. You have obtained sufficient information about KIBBL™, the Project and us to make an informed decision to acquire KIBBL™. You understand and acknowledge that the acquisition of KIBBL™ is not made with an investment purpose and that the KIBBL™ does not in any way represent an investment of any kind.
v. You understand and accept that none of the information contained in these Terms is intended to form the basis for a solicitation or recommendation for an investment of any kind whatsoever. We do not provide any investment service or advice.
vi. You understand and accept that the Project is based on the the White Paper, but that the White Paper is of a descriptive, preliminary and non-binding nature.
vii. You are of legal age, you are not PEP or his family member or close associate and are legally permitted to participate in the VGE and have verified that by doing so you are not violating any law in your jurisdiction and you agree and warrant that you are solely responsible if any such law or laws are violated.
viii. You understand and accept that KIBBL™ does not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive dividends, other payments, intellectual property rights or any other form of participation in or relating to the Project and/or Unleashed and its Affiliates, and that KIBBL™ is not and is not intended to be a security or any kind of financial instrument or investment product.
ix. You understand that KIBBL™ is not legal tender, is not backed by any government, and accounts and value balances are not subject to any form of deposit insurance or securities insurance in any jurisdiction.
x. You understand that acquiring KIBBL™ is final upon the transfer of the Accepted Currency and there will be no refunds or cancellations except as specifically provided in these Terms.
xi. Your acquisition, possession and use of KIBBL™ and related software does not violate but complies with all applicable laws, regulations and judicial acts applicable in your jurisdiction and to you, including, but not limited to, (i) legal capacity and any other requirements in your jurisdiction for the acquisition of KIBBL™ and entering into this Agreement with us, (ii) any value transfer, foreign exchange and/or regulatory restrictions applicable to the acquisition of KIBBL™ or transfer of Accepted Currency, and (iii) any governmental or other consents that may need to be obtained.
xii. You are not acquiring KIBBL™ for any illegal purposes.
xiii. If you are a representative of a legal entity, you represent and warrant that you have obtained all necessary permissions of the regulating body of the legal entity and state authorities, if applicable and needed in your jurisdiction for participation in the VGE and accept these Terms on such entity’s behalf and that such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity.
xiv. You will comply with any applicable tax obligations in your jurisdiction arising from your acquisition, possession or use of KIBBL™, and to the extent permitted by law, you agree not to hold Unleashed or any of its Affiliates liable and you will compensate Unleashed and any of its Affiliates for any tax liability associated with or arising from the acquisition, possession or use of KIBBL™ or any other action or transaction related to the Project.
xv. You do not have your habitual residence, you do not act on the behalf or benefit of person with habitual residence or the legal entity you are representing is not founded in any country listed on the List of Sanctions, other applicable sanctions lists or in Afghanistan, Algeria, Bahrain, Bangladesh, Belarus, Bolivia, Bosnia, Burundi, Central African Republic, China, Colombia, Comoros, Congo, Cuba, Dominican Republic, Egypt, Eritrea, Guinea, Guinea-Bissau, Haiti, Indonesia, Iran, Iraq, Libya, Kuwait, Lesotho, , Macau, Morocco, Myanmar, Nepal, North Korea, Oman, Pakistan, Puerto Rico, Qatar, Saudi Arabia, Somalia, Sudan North, Sudan South, Syria, Taiwan, Thailand, Yemen, Zimbabwe, Philippines, Mali, Tunisia, Vietnam, United Arab Emirates, United States of America, any other USA possessions or any country where the sale of KIBBL™ could constitute a public offering of securities or the sale of KIBBL™ would in any way be restricted.
xvi. Your actions comply with applicable law and regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other threshold requirements in your jurisdiction (ii) any foreign exchange or regulatory restrictions applicable to such actions.
xvii. You will cooperate fully and timely with us in the investigation of any violation of Terms or unauthorized use of KIBBL™.
xviii. You acknowledge that we may outsource any of its obligations related to client identification and money laundering and terrorist financing prevention to any third-party service providers and you grant your irrevocable and unconditional consent to such outsourcing and the transfer and disclosure of information regarding you to such third party service providers.
To the fullest extent permitted by applicable law, you will compensate to us and our Affiliates for, and indemnify, defend and hold harmless us and our Affiliates from and against, all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to (i) your acquisition, possession or use of KIBBL™, (ii) your obligations, representations and warranties under these Terms, (iii) your violation of these Terms, and/or (iv) your violation of any rights of any other person or entity.:
8. EXCLUSION OF WARRANTIES
To the fullest extent permitted by law, no warranty, guarantee or similar assurance whatsoever is expressed or implied with regard to KIBBL™ or the Project. KIBBL™ is acquired, possessed and used and any services developed in connection with the Project are used at the sole risk of you and on an ‘as is’, ‘under development’ and ‘as available’ basis.
9. NO RELIANCE
You acknowledge to have had an opportunity to (i) review these Terms and its Annexes and (ii) obtain any additional information concerning KIBBL™ and us to enter into these Terms and acquire KIBBL™. You acknowledge that in making a decision to acquire KIBBL™, you have relied solely upon these Terms and its Annexes and independent investigations made by you. You are not relying on us with respect to the legal, tax and other economic factors involved in entering into these Terms and understand that you are solely responsible for reviewing the legal, tax and other economic considerations involved with acquiring KIBBL™ with your own legal, tax and other advisers.
10. NO DISTRIBUTION
You are acquiring KIBBL™ for your own account, use and benefit and not with an investment purpose nor with a view to distribute, assign, sell or otherwise transfer KIBBL™.
11. LIMITATION OF LIABILITY
You acknowledge and agree that, to the maximum extent permitted by any applicable law, you will not hold us and our Affiliates liable for any direct, indirect, special, incidental, consequential or exemplary damages (including but not limited to loss of income, revenue and profits, or goodwill, or data) or injury whatsoever caused by or related to the acquisition, possession or use (or inability to use) of KIBBL™ or the use (or inability to use) of any of the services developed in the course of execution of the Project under any cause of action whatsoever of any kind in any jurisdiction.
You acknowledge and agree that, to the fullest extent permitted by any applicable law, the risk of acquiring, possession and using KIBBL™ rests entirely with you.
The limitations set forth in this clause do not and will not limit or exclude liability of us for fraud or intentional or grossly negligent misconduct.
Notice to us shall be sent by post to: UNLEASHED PARTNERS GROUP OÜ Ahtri 6a, Tallinn, Harju County 10151, Estonia.
Notice to you shall be by email to the email address you provide to us.
Your notice must include (i) your name, postal address, email address and telephone number; (ii) a description in reasonable detail of the nature or basis of any possible Dispute; and (iii) the specific relief that you are seeking.
13. GOVERNING LAW AND VENUE
These Terms will be governed by and construed in accordance with the laws of Estonia, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction.
Any Dispute shall first be endeavoured to be settled through amicable negotiations in good faith by the Parties by sending a written claim to “Unleashed OÜ, F. R. Faehlmanni 5, Tallinn, 10125, Estonia”. If we cannot agree how to resolve the Dispute within thirty (30) days after the date a notice is received by the applicable Party, then the Dispute shall be solved in the courts of Estonia.
Disputes resulting from the VGE shall be submitted to Unleashed within forty-eight (48) hours after the VGE ends.
We make no representations concerning the tax implications of participating in the VGE or receiving and holding KIBBL™.
You bear the sole responsibility for determining or assessing the tax implications of participation in the VGE, receiving and holding KIBBL™ in all respects and in any relevant jurisdiction.
By participating in the VGE, receiving and holding KIBBL™, to the extent permitted by applicable law, you agree that no other party (including, without limitation Unleashed and its Affiliates) may be held liable for any loss arising out of, or in any way connected to, any tax liability you may incur in connection with participation in the VGE, receiving and holding KIBBL™.
If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms. Such unlawful, void or unenforceable clause or provisions shall be replaced by valid and enforceable clause or provisions, which most closely achieve the commercial intent and purpose of this Agreement.
These Terms constitute the entire agreement between the Parties relating to the acquisition of KIBBL™ from Unleashed and supersede any other agreements (except signed SAFT to which these Terms serve as annex), statements or information provided by Unleashed and/or its Affiliates.
We may assign our rights and obligations under these Terms. You cannot assign or transfer this Agreement in whole or in part without the previous written consent from us.
Our failure to exercise or enforce any right or provision of these Terms will not be construed or understood as a waiver of such right or provision.
We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control.
This Agreement and the transactions envisaged therein does not create any form of partnership, joint venture, or any other similar relationship between the Parties.
Except as otherwise provided herein, these Terms are intended solely for the benefit of the Parties and are not intended to confer third-party beneficiary rights upon any other person or entity.
To the extent this document conflicts with the Website or any other document, including but not limited to the White Paper, this document prevails. If Parties have signed SAFT, the SAFT prevails.
We have the right to enter into agreement with any Acquirers on special conditions (including commercial conditions) which may be different from those stipulated in this Terms.
ANNEX A – Risks related to the acquisition, possession and use of KIBBL™
Participating in the VGE carries significant financial risk. The risks presented and listed herein are to no extent exhaustive. In addition to the risks included in this Annex, there are other non-listed, unknown, unanticipated and unforeseeable risks associated with your acquisition, possession, and use of KIBBL™ and the Project in general. Unleashed expressly disclaims any and all responsibility for any loss or damage of any kind whatsoever arising directly or indirectly from or in relation to any such risks, whether or not described in this Annex.
You acknowledge and accept, understand and consider carefully the risks described below in addition to the other information stated herein before deciding to participate in the VGE.
Risk of Losing Access to KIBBL™ Due to Loss of Private Key(s), Custodial Error or your Error
You will use your own Wallet on the network, with a private key associated with this Wallet and a password. This password is used to encrypt your private key. KIBBL™ will be transferred to your Wallet. You understand and accept that you must keep this password and private key safe. You further understand and accept that, if your private key, backup seed and/or password is lost or stolen, you will not be able to generate a new password or recover your private key. You understand and accept that, if you lose your private key and password and/or your backup seed, the KIBBL™ associated with the Wallet cannot be recovered and will be in any case most likely be permanently lost.
Risk of Incompatible Wallet
You understand and accept that you will transfer Accepted Currencies from a Wallet that technically supports KIBBL™. Most importantly, you understand and accept that you have control over the private key(s) corresponding to the address from which your transfer is being sent. You understand and accept that failure to be so may result in you not gaining access to your acquired KIBBL™. You understand and accept that, sending Accepted Currencies directly from an exchange (e.g. Kraken, Bittrex, Bitfinex etc.) or a wallet where you do not control the private key, can result in loss of Accepted Currencies and/or KIBBL™, and that you are solely responsible for any losses due to not being in control of the private key.
Risk of Mining Attacks
You understand and accept that the blockchain used for the Project is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Every successful attack constitutes a risk to the Project, to the expected proper execution and sequencing of token transactions, and to the expected proper execution and sequencing of contract computations.
Risk of Hacking and Security Weaknesses
You understand and accept that, third parties may attempt to maliciously interfere with the Project, the KIBBL™ and/or the through the VGE collected funds in a variety of ways, which may have material adverse consequences on KIBBL™, the Project and which may result in theft or loss of KIBBL™ and which may impact our ability to develop the Project.
You furthermore understand and accept that the Project, the underlying software applications and software platform may be exposed to attacks by malicious third parties which could result in theft or loss of your KIBBL™ and/or Accepted Currencies or alternatively KIBBL™ and/or funds owned by us and therefore negatively affecting our ability to develop the Project.
Risk of Similar Projects
You understand and accept that, it is possible that third parties may utilise or develop the same or similar code and protocol underlying the Project and attempt to replicate, duplicate or mimic the Project. You understand and accept that, such an action could negatively impact the Project and KIBBL™, including but not limited to the value and utility of KIBBL™.
KIBBL™ is not a currency issued by any individual, entity, central bank or national, supra-national or quasi-national organization, nor is it backed by any hard assets or other credit. The circulation and trading of KIBBL™ on secondary markets is not what we are responsible for or what we will pursue. Trading of KIBBL™ merely depends on the consensus on its value between the relevant market participants.
Nobody is obliged to purchase any KIBBL™ from you. Nor does anyone guarantee the liquidity or market price of KIBBL™ to any extent at any time.
Risks Associated with Software Weakness
You understand and accept that the underlying software application and software platform (e.g. the Ethereum blockchain) for KIBBL™ and the blockchain and Project are still in an early development stage. As KIBBL™ is based on the Ethereum protocol, any malfunction, breakdown and abandonment of the Ethereum protocol may have material adverse consequences for KIBBL™ and the Project.
As such, KIBBL™ is subject to technical advances which could present risks to KIBBL™ and the Project. There are no guarantees that the creation of KIBBL™ will be uninterrupted or error-free, and you understand and accept that the software can contain weaknesses, vulnerabilities or bugs, resulting in complete loss of Accepted Currencies and/or KIBBL™.
You understand and accept that blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations to, or introduce new regulations applicable to, blockchain technology-based applications (e.g. KYC/AML regulations, data protection laws, etc.), which may make the current configuration of the Project untenable and/or illegal and which may, inter alia, result in substantial modifications of the Project, including its termination and the loss of KIBBL™.
Risk of Abandonment / Lack of Success and Risk of Dissolution of Unleashed
You understand and accept that the creation and issue of KIBBL™ and the development of the Project may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). You therefore understand and accept that there is no assurance or warranty that, even if the Project is partially or fully developed and launched, you will be able to use the KIBBL™ that you hold.
In addition, you understand and accept that following abandonment of the Project, it may no longer be viable for us to operate and that it therefore may dissolve voluntarily.
Risks Arising from Funding in Virtual Currencies
You understand and accept that, unfavorable fluctuations in the value of accepted virtual currencies during or after this VGE may result in us not being able to further fund or continue the Project or not in the manner that it was originally envisaged.
Risks Arising from Cryptography
You understand and accept that cryptography is evolving and cannot guarantee absolute security at all times. Advances in cryptography, such as code cracking, or technical advances such as the development of quantum computers, could present risks to all cryptography-based systems including KIBBL™. This could result in the theft, loss, disappearance, destruction or devaluation of KIBBL™ held by any person. To a reasonable extent, we will be prepared to take proactive or remedial steps to update the protocol underlying KIBBL™ in response to any advances in cryptography and to incorporate additional reasonable security measures where appropriate.
 PEP or Politically Exposed Person is an individual who is or has been entrusted with prominent public functions, for example (a) heads of State, heads of government, ministers and deputy or assistant ministers; (b) members of parliament or of similar legislative bodies; (c) members of the governing bodies of political parties; (d) members of supreme courts, of constitutional courts or of other high-level judicial bodies, the decisions of which are not subject to further appeal, except in exceptional circumstances; (e) members of courts of auditors or of the boards of central banks; (f) ambassadors, chargés d’affaires and high-ranking officers in the armed forces; (g) members of the administrative, management or supervisory bodies of State-owned enterprises; (h) directors, deputy directors and members of the board or equivalent function of an international organisation. organisation or person in any country designated by applicable laws as supporting international terrorism, (ii) the government, an organisation or person in any country that has been designated as a non-cooperative country or as a money laundering or (iii) directly or indirectly, any illegal activities.
 Family members include the following: (a) the spouse, or a person considered to be equivalent to a spouse, of a PEP; (b) the children and their spouses, or persons considered to be equivalent to a spouse, of a PEP; (c) the parents of a PEP.
 3 Close associates mean: (a) natural persons who are known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with PEP; (b) natural persons who have sole beneficial ownership of a legal entity or legal arrangement which is known to have been set up for the de facto benefit of PEP.
UNLSHD Partners Group OÜ
New York – Amsterdam – Milan – Tallinn – London
Ahtri 6a, Tallinn, Harju County 10151, Estonia
2020 © Unleashed Partners Group OÜ