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GENERAL TERMS AND CONDITIONS

1. INTRODUCTION

These General Terms and Conditions (“Terms”) constitute and agreement between CARGOX and any of its subsidiaries or affiliates (“CARGOX, “we”, “us”, “our”) and you (“you”, “token holder” or “user”). Please read these Terms carefully before using the services and our products described herein and make sure you understand everything. By accessing our Website located at: https://CargoX.io (“Website”) and utilizing products offered through our Website (including but not limited to CARGOX Platform and CARGOX tokens), you acknowledge and agree that you have read these Terms and that you accept and undertake to be legally bound by them. You may not use our Website, Service, Platform, CARGOX tokens or any other products if you are under 18 years old and if you are a citizen, resident, habitant or legal entity incorporated or under the control of another legal entity in Restricted Use Areas as further described in these Terms.

If you do not agree to any of the specific terms or meet the specific conditions outlined herein you may not access or use any of CARGOX Services, Website, Platform, CARGOX tokens or other products.

CARGOX IS NOT A FINANCIAL INSTITUTION AND IS CURRENTLY NOT UNDER SUPERVISION OF ANY FINANCIAL SUPERVISORY AUTHORITY. CARGOX AND THE WEBSITE OFFERS THE USE OF IT’S PLATFORM AND ACCESS TO ITS ECOSYSTEM AND DOES NOT PROVIDE INVESTMENT SERVICES (INCL. INVESTMENT ADVICE), FINANCIAL PRODUCTS OR ANY OTHER LICENSED FINANCIAL SERVICES. THE TERMS DO NOT CONSTITUTE A SOLICITATION FOR INVESTMENT OR ANY SECURITY AND SHALL NOT BE CONSIDERED AS ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR ANY INVITATION TO OFFER TO BUY OR TO SUBSCRIBE FOR ANY SECURITIES, NOR CARGOX PRODUCTS.

WE RESERVE THE RIGHT TO CHANGE, MODIFY AND REPLACE THESE TERMS AT ANY TIME BASED ON OUR SOLE DISCRETION WITHOUT ANY PRIOR NOTICE TO YOU. ANY CHANGES WILL BE EFFECTIVE IMMEDIATELY UPON POSTING ON OUR WEBSITE. IT IS YOUR RESPONSIBILITY TO REVIEW THESE TERMS REGULARLY. IF AT ANY TIME YOU DO NOT AGREE TO THESE TERMS, PLEASE STOP USING OUR SERVICES AND ACCESSING OUR WEBSITE. YOU WILL BE DEEMED TO HAVE ACCEPTED CHANGES TO THE TERMS, BY CONTINUING TO USE OUR SERVICES AND ACCESS OUR WEBSITE, PLATFORM AND OUR PRODUCTS.

CARGOX EXPRESSLY DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION CONTAINED IN THESE TERMS, (II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION OR (III) ANY ACTION RESULTING THEREFROM, (IV) USAGE OR ACQUISITION OF CARGOX TOKENS OR ANY OTHER PRODUCTS, AVAILABLE THROUGH THE WEBSITE.

2. DEFINITIONS

2.1. The following terms used herein shall have the following meaning:

3. CARGOX SERVICES

3.1. CARGOX is an Ethereum based platform, that provides software solution and cryptographic CARGOX token solution through its Website to its Users (together referred to as “Products”). Products are available through CARGOX Website and may be amended, modified and changed during the term of these Terms, unless stated otherwise herein on the Website or Product. CARGOX Services also include any other service CARGOX may provide in the future and which may be at a later stage available through the Website.

3.2. CARGOX Services and Products are unregulated. CARGOX is not a financial institution and is currently not under supervision of any financial supervisory authority. CARGOX does not provide any licensed financial services, such as investment services, fund management or investment advice. None of the information or analyses presented herein are intended to form the basis for any investment decision, no specific recommendations are intended, and CARGOX Services, Website and Product do not offer, are not and shall not be construed as investment or financial products. In the event of any regulatory changes would impact CARGOX, CARGOX reserves the right to amend the operation, Products, Website and its Services.

3.3. CARGOX is not a provider of (a) exchange services between virtual currency and fiat currency; (b) wallet or custodial services of credentials necessary to access virtual currencies or (c) crypto currency mining services. User expressly agrees and acknowledges that anytime throughout the duration of these Terms, the Product may require material, technical, commercial or any other changes and understands that an upgrade or modification of the CARGOX tokens may be required. If a user decides not to participate in such upgrade, the user acknowledges and agrees that non-upgraded CARGOX tokens may lose their functionality in full and that they may no longer use the CARGOX tokens.

4. CARGOX PLATFORM

4.1. CARGOX Platform is a software platform, consisting of a web page interface, software interface for communication between the Website and blockchain networks. The Platform will have a common cryptographic token within the ecosystem, so called CARGOX token (“CXO”). CARGOX token is a utility token with features as specified in section 5 of the Terms.

4.2. Platform provides:

4.3. Platform shall operate 24/7, subject to certain limitations, such as limitation of per-session trading limitations, maintenance services and unforeseeable technical and network issues.

5. CARGOX TOKEN (CXO)

5.1. CXO token is an ERC-20 standard Ethereum token, which contract will be published on the Ethereum blockchain prior to the public crowdsale. CXO is a utility token, which shall be used to access the Platform and with the purpose to securing sufficient resources for the development and deployment of the Platform.

5.2. Holders of CXO may be able to acquire CXO through CARGOX Platform, whereas CARGOX gives no warranties that CARGOX token will be exchangeable on any exchange or on any specific exchanges or that they shall remain exchangeable on the mentioned exchanges.

5.3. CXOs does not represent or constitute any ownership right or stake, share or security or equivalent rights or any right to receive future revenue shares, or any other form of participation in or relating to CARGOX or CARGOX Ecosystem, nor shall CXOs holders have any influence or rights in the development or governance of CARGOX or CARGOX Ecosystem. Also, CXOs shall not include any legal governance rights to CARGOX, such as rights to dividends, profit, voting rights and similar corporate rights.

5.6. CXOs are not an investment advice, a security nor an investment product and any action, notice, communication, message, decision, managerial act, or omission of the mentioned shall not be understood and interpreted as such. CARGOX gives no guarantees as to the value of any of the CXOs or their liquidity on public exchanges (if CXOs shall be listed on exchanges) and explicitly warns users that there is no reason to believe that CXOs may increase in value.

5.7. You represent and warrant, that you are acquiring CARGOX tokens for your own personal use and for your personal utility and not for investment or financial purposes. You also represent and warrant that you: (i) do NOT consider CXOs as security; (ii) understand that CXOs may lose their value; (iii) that you are not acquiring CXOs as an investment; (iv) are aware of all other risks deriving from holding CXOs as specified but not limited in these Terms and you accept such risks.

5.8. The exchange rate between CXOs and Digital Assets is: ratio for 1 ETH = 10,000 CXO (1 CXO = 0.0001 ETH). The maximum number of CXO tokens issued shall depend of: (i) all Digital Assets received by CARGOX and bonuses/discounts given and (ii) Digital Asset (ETH)/USD exchange rate as based on the date chosen by CARGOX (presumably but not necessary on the day before the Crowdsale).

5.9. To avoid risks related to volatility CARGOX may manage (hedge) the funds received through CARGOX token distribution, by trying to minimize and/or avoid risks related to volatility using its best efforts, based on CARGOX sole discretion. You expressly agree to any measure CARGOX may apply trying to avoid and/or minimize risks related to volatility.

6. REGISTRATION

6.1. To acquire CXO tokens, you will need to register on our Website and perform a Know Your Client (“KYC”) procedure. By Registering you agree to (a) provide accurate, current and complete information about yourself, (b) maintain and promptly update your information from time to time as necessary, (c) maintain the security of your password and accept all risks of unauthorized access to your account and the information you provide to us, and (d) immediately notify us if you discover or otherwise suspect any security breaches related to the Website, the CXO tokens, or the information provided to us. You are only allowed to create one registration account and CARGOX will block multiple accounts of the same user.

6.2. KYC procedure is a customer identification process to ensure that each user is appropriately verified. It is not only a legal requirement to assess and monitor risks, to prevent doing business with a money launderer, terrorist or other criminal, even more importantly, KYC is a fundamental practice to protect a project and its supporters from fraud and losses due to illegal funds and transactions. You acknowledge and agree that to ensure the safety of the users’ accounts, to counteract money laundering and to enforce is internal security policy, CARGOX shall use internal controls and programs for such control to be maintained. CARGOX, through these programs and controls, shall collect and store information about the users and their transactions, including personal information about you, provided to us upon registration of your Account or requested by us upon transactions effected, as well as indirect information, including IP-addresses, information about the operating system used, software configuration and other information collected with the use of “cookies” technology to create statistical reports. We will strive to perform KYC check within 48 hours, whereas sometimes the process may last longer.

6.3. If your proposed purchase is flagged through our internal controls, CARGOX may require additional identification information depending in case of any suspicious activity that may be indicative of illegal activity. Identification of bank accounts may also be required. You accept and agree that in cases where CARGOX has valid reasons to believe that your Account is used for money laundering or for any other illegal activity, or that you have concealed or reported false identification information and other details, and also if there is a valid reason to believe that the transactions effected via your Account were affected in breach of this Agreement, CARGOX shall be entitled to require you to provide any additional information and documents to clarify the circumstances. Transactions may be frozen until the documents are reviewed by us and accepted as satisfying the requirements of the legislation for counteracting laundering of incomes from criminal activities and financing of terrorism.

6.4. CARGOX can request from you any additional identifying information and support documents at any time at the request of any competent authority or in case of application of any applicable law or regulation, including laws related to anti-money laundering (legalization) of incomes obtained by criminal means, or for counteracting financing of terrorism. By agreeing to this Agreement, you acknowledge and agree that that we maintain verification levels that require user participation and verification to obtain, with leveled permissions based on user-supplied information, our ability to verify it, and our internal policies. You accept that you may not be able to achieve your desired level of verification, and we reserve the right in our sole discretion, to determine the appropriate verification level for any user, as well as the right to downgrade users without notice and to not verify the user at all. We may, from time to time, implement policies restricting verification levels by nationality, country of residence, or any other factor. This may affect your right to purchase CXO Tokens or withdraw CXOs from your Account, and you indemnify CARGOX against any losses associated with an inability to purchase or withdraw CXOs based on your verification level. In highly unlikely cases, where you would by initially approved in the KYC procedure and we would later on realize that you are from Restricted Use Areas (newly added or existing), we will return Digital Assets paid by you, to your address and we shall not issue/ you will not be able to withdraw CXOs tokens from your Account. You expressly agree and acknowledge that this might occur and you hereby indemnify CARGOX against any losses associated with such event and your inability to purchase or withdraw CXOs.

7. CXOs TOKEN DISTRIBUTION

7.1. You can make contribution into a smart contract system in ETH (acceptable Digital Assets) and receive CXOs tokens in exchange. CARGOX does not accept contributions in fiat currency and reserves the right to amend acceptable Digital Asset at any time, based on its sole discretion. All CXO token purchases shall be publicly accessible via the Ethereum blockchain browser.

7.2. Total supply of tokens shall be known until the end of the Crowdsale, as the Maximum Threshold is set in USD (7.000,000 USD) and the exchange rate between ETH/USD shall be based on the date chosen by CARGOX (presumably but not necessary on the day before the Crowdsale). CXO tokens shall be distributed in the following manner:

7.3. Distribution:

(i) Minimum Threshold (Floor or Soft-cap). Digital Assets in the total value of 1.500,000 USD (one and a half million USD) needs to be paid in during the distribution in order for the distribution to be successful. Minimum Threshold shall be calculated based on the ETH/USD exchange rate on the date chosen by CARGOX (presumably but not necessary on the day before the Crowdsale). If Minimum Threshold shall not be achieved, then all paid in Digital Assets shall be returned to users who made the contribution in the same form of Digital Assets, the contribution has been made. Digital Assets shall be returned as soon as reasonably possible. In this case Users shall not receive any CXOs.

(ii) Maximum Threshold (Hard-cap). Distribution of CXO tokens is limited to 7.000,000 USD (seven million USD), whereas slight discrepancies may be applicable due to smart contract setting. Users will be able to acquire CXO tokens until Maximum Threshold has been reached or until the last day of Crowdsale (whichever is sooner). Maximum Threshold shall be calculated based on the ETH/USD exchange rate on the date chosen by CARGOX (presumably but not necessary on the day before the Crowdsale). The total number of CXO tokens issued shall depend of: (i) the number of Digital Asset contributed and bonuses given (as specified on our Website) and the Maximum Threshold.

(iii) Execution of distribution. During the duration of distribution, users, wishing to participate in the token distribution, will be obliged to send their Digital Assets to the smart contract wallet address, provided to them on CARGOX Website or send to them by email. Contributors will receive their CXO tokens to the wallet address, which the user has specified in CXO Platform.

The funds raised from the CXO tokens distribution will be used as follow:

(vi) Distribution Channel. CARGOX tokens shall be offered solely and exclusively through the Website. Website is the only official and authorized website and CARGOX token distribution channel. Every user needs to ensure that they are using hypertext transport protocol secure connection (“https”) and that domain name is correct, when acquiring CXO tokens with Digital Assets. No third-party provider has been allowed, authorized or endorsed by CARGOX for the distribution of CXO tokens.

(vii) Non-refundable contributions. All contribution to CARGOX in exchange for CXO tokens are final and non-refundable, except as specified in section 7.3 (i). You expressly agree and acknowledge that CARGOX is not required to provide any refund and that you understand that CXO is not a consumer product and is therefore not covered by consumer protection regulation in any jurisdiction. You are solely responsible for sending your Digital Assets to the correct CARGOX smart contract wallet address and CARGOX is not responsible for any Digital Assets you send to the wrong smart contract wallet address and CARGOX shall not provide any refund to you, for sending your Digital Assets on wrong CARGOX smart contract wallet address.

8. ELIGIBILITY

8.1. Our Services, Website and Product are not directed or allowed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Product, Services or Website is or may be prohibited. Due to legal restrictions you are not allowed to access our Website, Services or Product if you are a located in, under the control of, resident, habitant or citizen of the United States of America, of China or a legal entity based, domiciled, under the control of, located, incorporated or in any other way considered to be a U.S. entity, Chinese entity under applicable legislation or if you are a resident, citizen or are located in any other jurisdiction in which applicable laws prohibit you to access our Website, Services and Platform (“Restricted Use Areas”). CARGOX EXPLICITLY PROHIBITS PERSONS OR ENTITIES IN RESTRICTED USE AREAS TO USE ITS WEBSITE, SERVICES AND PRODUCTS AND CARGOX SHALL NOT BE HELD LIABLE FOR ANY LEGAL OR MONETARY CONSEQUENCE ARISING OF SUCH USE. BY ACCESSING OR USING THE SERVICE, PRODUCT AND/OR WEBSITE YOU REPRESENT AND WARRANT THAT YOUR ACTIVITIES ARE LAWFUL IN EVERY JURISDICTION WHERE YOU ACCESS OR USE THE SERVICE. PLEASE NOT THAT RESTRICTED USE AREAS MAY CHANGE BEFORE/DURING/UNTIL THE END OF THE CROWDSALE. IN SUCH EVENT (IF RESTRICTED USE ARE SHALL CHANGE UNTIL THE END OF THE CROWDSALE, WE RESERVE THE RIGHT TO RETURN TO YOU ALL DIGITAL ASSET SEND TO US AND WE SHALL NOT ISSUE/UNLOCK CXO TOKENS).

8.2. You must be at least 18 years old to use our Services, Product and our Website. By using our Services, Product and accessing our Website you represent and warrant that you: (a) are at least 18 years old; (b) you have full power and authority to enter into this agreement (c) have not been previously suspended or removed from using our Services (b) that you are not located in, under the control of, habitant a national or resident or located in or under control of Restricted Use Areas (e) have not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC) (f) you are not located in, under the control of, resident, habitant or citizen of Restricted Use Areas;

8.3. If you are using the Services on behalf of a legal entity, you represent and warrant that: (a) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization and not in Restricted Use Areas; (b) you are duly authorized by such legal entity to act on its behalf (c) you are not incorporated, under control of or in any other way considered to be to be U.S. entity under applicable legislation in Restricted Use Areas (e) any beneficial owner of the legal entity, director, employee, services provider or any other individual in any way connected with the Company has not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC) or Restricted Use Areas ;

8.4. You acknowledge and agree that you are NOT purchasing CXO tokens for purposes of investment, speculation, as some type of arbitrage strategy, for immediate resale or any other financial purposes. You represent and warrant that the execution and delivery of, and performance under, this Terms require no approval or other action from any governmental authority or person other than Buyer. CARGOX shall have the right to implement necessary measures to monitor compliance of this section.

9. DISCLAIMER OF WARRANTIES

9.1. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, OUR SERVICE, WEBSITE, PRODUCT ARE PROVIDED ON AN “AS IS,” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING IMPLIED WARRANTIES OF CONDITION, UNINTERRUPTED USE, MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, NON INFRINGEMENT OF THIRD-PARTY RIGHTS, AND WARRANTIES (IF ANY) ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE, IS GIVEN IN CONJUNCTION TO WEBSITE, SERVICES, PRODUCT, ANY SOFTWARE OR TOOLS CONTAINED IN WEBSITE, PRODUCT AND SERVICES AND IN GENERAL.

9.2. CARGOX DOES NOT WARRANT THAT THE SERVICE, PRODUCT OR WEBSITE WILL BE ERROR-FREE OR UNINTERRUPTED OR THAT ANY DEFECTS WILL BE CORRECTED IN REASONABLE TIME. YOU ACKNOWLEDGE THAT YOUR USE OF THE SERVICE, PLATFORM AND WEBSITE IS AT YOUR SOLE RISK.

9.3. While every effort is made to ensure that information contained in the Website or Product is correct, CARGOX disclaims all warranties regarding the accuracy, adequacy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness of any information on the Website and/or Product.

9.4. CARGOX does not guarantee the confidentiality or privacy of any communication or information transmitted through Services, on the Website or Product or any site linked to the Website. We will not be liable for the privacy or security of information, e-mail addresses, registration and any identification information (if applicable), disk space, communications, confidential or proprietary information, or any other content transmitted to us in any manner, or otherwise connected with your use of our Services, the Website or Platform. CARGOX does not guarantee that the CARGOX tokens shall be listed on any exchanges.

9.5. CARGOX shall not bear any liability, whatsoever, for any damage or interruptions caused by any computer viruses, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. We advise the regular use of a reputable and readily available virus screening and prevention software. You should also be aware that email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from CARGOX. Always log into your CARGOX Account through secure Website to review any transactions or required actions, if you have any uncertainty regarding the authenticity of any communication or notice.

10. RISK DISCLOSURE

10.1. It is your obligation to peruse, comprehend and carefully consider or seek legal advice as to the risks described below in addition to the other information stated herein before deciding to access our Website and using our Services our Product. If you access and/or use or Website, Service and Product you are accepting all the risks outlined in these Terms and other risks, not specified herein.

10.2. You acknowledge, agree and warrant that you have been warned of the potential risks involved by using our Services, Website, Ecosystem and Product and other relevant technologies mentioned herein as well as that there may be other risks involved, which are not specified herein and that you fully accept such risks.

11. YOUR WARRANTIES

11.1. In addition to any other representations and warranties contained within these Terms, you further represent and warrant that you:

12. TAXES

12.1. You are solely responsible and liable to declare, bear and pay all taxes, duties, imposts, levies, tariffs and surcharges that might be imposed by the laws and regulations of any jurisdiction as a result of or in connection with the CARGOX tokens, use of Services, Website, Platform or any other CARGOX Product. CARGOX is not giving any advice regarding tax issues and is not responsible for determining any tax implications connected with its Product, Website or Service. CARGOX makes no representation as to the tax implication of any jurisdiction. You shall be solely liable for all such penalties, claims, fines, punishments, liabilities or otherwise arising from his/her underpayment, undue payment or belated payment of any applicable tax.

12.2. All fees and charges payable by you to CARGOX are exclusive of any taxes and if certain taxes shall be applicable, they shall be added on top of applicable amount. Upon our request, you will provide us any information we reasonably request to determine whether we are obligated to collect VAT from you, including your VAT identification number. If any deduction or withholding is required by law, you will notify us and will pay us any additional amounts necessary to ensure that the net amount that we receive, after any deduction and withholding, equals the amount we would have received if no deduction or withholding had been required. Additionally, you will provide us with documentation showing that the withheld and deducted amounts have been paid to the relevant taxing authority.

13. LIMITATION OF LIABILITY

13.1. CARGOX, ITS AFFILIATES, ENTITIES INCLUDED IN THE ECOSYSTEM, LICENSORS AND THEIR RESPECTIVE OFFICERS, EMPLOYEES, CONTRACTORS, DIRECTORS OR AGENTS TOTAL LIABILITY ARISING OUT OF THESE TERMS, WEBSITE, SERVICE, PRODUCT OR OTHERWISE, WHETHER BASED ON CONTRACT, TORT OR OTHERWISE, SHALL EXCEED 1,00 USD PER USER. IN NO EVENT SHALL CARGOX, ITS AFFILIATES, ENTITIES INCLUDED IN THE ECOSYSTEM, LICENSORS AND THEIR RESPECTIVE OFFICERS, EMPLOYEES, CONTRACTORS, DIRECTORS OR AGENTS BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER, INCLUDING WITHOUT LIMITATION ANY DAMAGES CAUSED BY OR RESULTING FROM RELIANCE BY ANY USER ON ANY INFORMATION OBTAINED FROM CARGOX, OR THAT RESULT FROM MISTAKES, OMISSIONS, INTERRUPTIONS, DELETION OF FILES OR EMAIL, ERRORS, DEFECTS, VIRUSES, DELAYS IN OPERATION OR TRANSMISSION OR ANY FAILURE OF PERFORMANCE, WHETHER OR NOT RESULTING FROM A FORCE MAJEURE EVENT, LOSS OF CARGOX TOKENS, SUSPENSION OF ETHEREUM NETWORK COMMUNICATIONS FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO CARGOX RECORDS, PRODUCT, WEBSITE OR SERVICES. IN ADDITION TO THE ABOVE, CARGOX SHALL NOT BE LIABLE FOR ANY LOSS OF PROFIT, LOSS OF BUSINESS, TRADING LOSSES, LOSS IN VALUE, OR OTHER LOSS. THIS APPLIES EVEN IF SUCH DAMAGES ARE FORESEEABLE.

13.2. EACH PARTY ACKNOWLEDGES THAT THE FEES PAYABLE HEREUNDER REFLECTS THE ALLOCATION OF RISK SET FORTH IN THE AGREEMENT AND THAT EACH PARTY WOULD NOT ENTER INTO THE AGREEMENT WITHOUT THESE LIMITATIONS ON LIABILITY.

14. INDEMNIFICATION

14.1. You will defend, indemnify and hold CARGOX, its affiliates, entities included in the ecosystem and licensors and its officers, directors, contractors, employees, agents and representatives, harmless from and against all claims, actions, demands, liabilities, damages, losses, costs and expenses (including legal fees) relating to or arising from (a) your use of our Services, Website, Product (b) your breach of these Terms or any other liabilities arising out of your use of the Services, Website and Product or the use by any other person accessing the Website, Service or Product using your computer and/or your Personal Information (c) your violation of any rights of any other person or entity in connection with these Terms (d) third-party claims concerning this Terms or your thereof. You will promptly notify us of any third-party claims, actions, or proceedings which you become aware of that involves CARGOX as a result of these Terms. CARGOX may participate with counsel of its own choosing in any proceedings describing above. If CARGOX will be required to respond to compulsory legal order, you will reimburse CARGOX for reasonable attorney and contractors fees for their time and material spent responding to obligatory legal orders. You will not agree to any settlement which imposes any obligation or liability for CARGOX without CARGOX prior written consent.

15. INTELLECTUAL PROPERTY RIGHTS

15.1. CARGOX reserves all rights, titles and interest to the Services, Products, Website, and other Intellectual Property. Unless otherwise indicated by us, all copyright and other intellectual property rights in all content, software, tools and other materials contained on our Website, Product and Services, (collectively, "CARGOX Materials") are the property of CARGOX, our licensors or suppliers and you hereby agree to comply with all proprietary notices contained in CARGOX Materials and these Terms.

15.2. Under no circumstances will these Terms be construed as granting, by implication, estoppel or otherwise, a license to any Intellectual Property or components thereof other than as specifically granted in these Terms. You agree that CARGOX’s Intellectual Property may be used only as provided in these Terms. All rights not expressly granted herein are reserved.

15.3. We hereby grant you a limited, revocable, non-exclusive, non-transferable and non-sublicensable license to access and use the Website, Products and our Services for your personal use and strictly in accordance with these Terms. Such license is subject to these Terms and does not permit (a) any resale of the CARGOX Materials; (b) the distribution, public performance or public display of any CARGOX Materials; (c) modifying or otherwise making any derivative uses of the CARGOX Materials, or any portion thereof; or (d) any use of the CARGOX Materials other than for their intended purposes. The license granted under this Section will automatically terminate if we suspend or terminate your access to the Services, Website and/or Product.

16. LINKS TO OTHER WEBSITES

16.1. Our Services, Website and/or Product may include links to third party websites, third party wallet providers or other service providers ("Third Party Sites"). If you use any links made available through our Services, Website or Product to reach other websites not maintained by CARGOX you will leave our Services, Website and Product. The linked sites are not under the control of CARGOX and CARGOX is not responsible for the content of any linked site or any link contained in a linked site. The linked sites are governed by the terms and conditions of that site.

16.2. CARGOX shall not be responsible or liable, either directly or indirectly, for any damage or loss caused or alleged to be caused in connection with your use or reliance on any such content, information, statements, representations, advertising, products, services or other materials available on or through Third Party Sites. CARGOX provides these links to you only as a convenience and the inclusion of any link does not imply recommendation, approval or endorsement by CARGOX of Third Party Sites, nor does it imply that the linked Third Party Sites recommends, approves of, or endorses CARGOX.

17. FEEDBACK

17.1. In connection with your use of our Service, Website, Ecosystem and Product you may provide us with your Feedback (suggestions, ideas, reviews, comments, material and questions or other information and/or material). We will own exclusive rights, including all intellectual property rights, to any feedback, suggestions, ideas or other information or materials You provide to us, whether by email, posting through our Website, Product, Services or otherwise. You waive any rights you may have to the Feedback (including any copyrights to the extent permitted by law). And Feedback you provide to us is non-confidential, non-proprietary and is not subject to a third party license and we have no liability for any loss or damage suffered by you as a result of the disclosure or use of such Feedback. We have the right to disclose your identity to any third party who is claiming that any content posted by you constitutes a violation of their intellectual property rights, or of their right to privacy. We have the right to remove any posting you make on our website if, in our opinion, your post does not comply with the content standards set out in this section.

18.TERM AND TERMINATION

18.1. This agreement is entered into for unlimited duration.

18.2. We reserve the right to terminate and/or suspend your access to our Services/Website, without giving you prior written notice and delete all related information and files related to your use of our Services, Product, Website, without liability to you, at any time for any reason, including, but not limited to, if based on our sole discretion believe: (i) You have violated these Terms, (ii) You create risk or possible legal exposure for us.

19. NOTICES

19.1. You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures (collectively, "Communications") that CARGOX provides in connection with your use of CARGOX Website, Product and Services. You acknowledge and agree that CARGOX may provide these Communications to you by posting them on its Website or by emailing them to you at the email address you provide. Any email communication will be considered to be received by you within 24 hours after we email it to you and Communication via our Website will be effective upon posting. You should maintain copies of electronic Communications by printing a paper copy or saving an electronic copy.

19.2. Updating Contact Information. It is your responsibility to keep your email address with CARGOX up to date so that CARGOX can communicate with you electronically. You understand and agree that if CARGOX sends you an electronic Communication but you do not receive it because your email address is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications, CARGOX will be deemed to have provided the Communication to you. Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add CARGOX to your email address book so that you will be able to receive the Communications we send to you. You can update your email address, mobile phone number or street address at any time by logging into or Website by sending such information to: [email protected]

19.3. You may contact us by sending email to: [email protected] for general questions. All legal notices (including legal disputes) must be sent in writing to the following address: [email protected] or postage prepaid by certified or registered mail, return receipt requested and addressed to the authorized representative of the relevant Party. All given notices must be in English language.

20. GOVERNING LAW AND DISPUTE RESOLUTION

20.1. Any dispute between the parties will be governed by these Terms in accordance with the laws of Slovenia, without giving effect to any conflict of laws principles that may provide for the application of the law of another jurisdiction. You agree and warrant that you will not commence against the other a class action, class arbitration or representative action or proceeding.

20.2. All disputes or claims arising out of or in connection with these Terms, including but not limited to its breach, termination, validity, nullity or any other disputes or claims arising out of or in connection with these Terms, Website, Products, the Services or any other matter shall be settled under under the Rules of Arbitration of the International Arbitral Centre of the Austrian Federal Economic Chamber in Vienna (Vienna Rules) by three arbitrators appointed in accordance with the said Rules. The language to be used in the arbitral proceedings shall be English. The arbitration will be conducted confidentially.

20.3. Prior to filling any claims, you agree to file such claim, notification of any dispute or request to CARGOX within thirty (30) days of when it arises as the attempt of informal resolution of dispute. Notice to CARGOX shall be sent to: [email protected] f dispute between you and CARGOX is not resolved within thirty (30) days, following the receipt of your request, you are entitled to file a claim in accordance with previous section. Claims filled contrary to the provision set out in this paragraph shall be rejected as premature.

20.4. Any dispute arising out of or related to this Terms is personal to User and CARGOX and will not be brought as a class arbitration, class action or any other type of representative proceeding.

21. PRIVACY

21.1. Collection of personal information. CARGOX collects personal information needed to conduct its Services, Ecosystem and to enable you to use CARGOX Website and Product. CARGOX is the data processor and controller of your personal data and will not share your personal information with third parties, except as specified herein. For the purpose of operating the ecosystem and performing the services, CARGOX may share your personal information with other entities within the ecosystem. CARGOX collects personal information from running the Website and uses information, which you provide to us.

21.2. Upon signing in through our Website or our Platform and creating the Account we shall collect and store your contact information, including but not limited to your email address, name, phone, address and other information provided. In order for you to be able to use our Services, Ecosystem and Product we will require you to provide additional information, such as date of birth, identification number, tax number, copy of your identification documents and other similar data which is used for identification purposes and which CARGOX may be required to collect to comply with applicable laws. We may also obtain information about you from third parties such as identity verification services.

21.3. Cookies. We may place small data files called cookies on your computer or other device when you access our Website, Services or Platform (or Google Analytics or similar service provider on our behalf). We use cookies to recognize you as our user; customize our Website, Product and advertising; for our internal analytics purposes, measure promotional effectiveness and collect information about your computer or other access device to mitigate risk, help prevent fraud, and promote trust and safety.

21.4. Security measures. We protect your information using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards we use are firewalls and data encryption, physical access controls to our data centers, and information access authorization controls. We also authorize access to personal information only for those employees who require it to fulfil their job responsibilities.

21.5. Usage and sharing. We use personal information to provide our Services and Products, for administering our business activities, to communicate with you, to promote safety and security (we use personal information for loss prevention, anti-fraud and/or unauthorized activity and to enforce these Terms) and to provide you with customer service, technical support, for audit purposes, to prevent and investigate potentially prohibited or illegal activates and to notify you about improvements to our Website and new services we think you will find useful. We can use Personal Information so as to mitigate the risk of fraud, identity theft or credit card theft. We may use your name and email address to provide you with information about products or services that may be of interest to you. You may access, review and edit your personal information or ask us to delete your personal information at any time by logging in to the Website using your credentials or by emailing us at: [email protected] We may also create anonymous, aggregated and/or other de-identified data records (“Anonymous Information”) from information that you provide to us by excluding information (such as your name) that makes the information personally identifiable to you. We use this Anonymous Information to analyze request and usage patterns so that we may enhance the content of our Services and to improve Site navigation. We reserve the right to use Anonymous Information for any purpose and to disclose such data to third parties in our discretion.

21.6. Sharing of personal data. We take your privacy very seriously, and will only share your personal information as needed with the entities within the ecosystem to perform the services and in the event if we are legally compelled to do so or in the events specified in these Terms. We reserve our right to share your personal information:

We are sometimes required to compare the personal information you provide to third party databases in order to verify its accuracy and confirm your identity. This allows us to comply with relevant regulations. We will not sell or rent your personal information to third parties. We may combine your information with information we collect from other companies and use it to improve and personalize the Website and our products, as well as our content and advertising.

21.7. Storing and transfer of personal data. We store and process your personal information on our servers in the European Economic Area (EEA) and elsewhere in the world, where our facilities or our service providers are located. The data may be transferred to other places outside the EEA, to countries which do not offer the same level of protection as EEA. By using our Website, Product and Services you expressly agree and acknowledge that your personal data may be stored and/or transfer to countries which may not have laws in place to adequately protect your data and your privacy or offer the same level of protection as the privacy laws of your home countries. Your personal data may also be processed by staff operating outside the EEA who work for us or for one of our service providers. Staff may be engaged in the fulfilment of our Services and/or the processing of your details and the provision of support services. By submitting your personal data, you agree to this transfer, storing, or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with these Terms.

22. MISCELLANEOUS

22.1. Entire Agreement. These Terms represent the entire agreement, and supersede all prior and contemporaneous understandings between you and CARGOX regarding the subject matter, especially regarding the Services, Ecosystem, Product and Website. In the event of any conflict between these Terms and any other agreement you may have with CARGOX, the terms of that other agreement will prevail only if these Terms are specifically identified and declared to be overridden by such other agreement.

22.2. Assignment. These Term shall be binding upon and inure to the benefit of the parties and their permitted successors and assigns. You may not assign or transfer any of your rights or obligations under these Terms without prior written consent from CARGOX, including by operation of law or in connection with any change of control. CARGOX may assign or transfer any or all of its rights under these Terms, in whole or in part, without obtaining your prior written consent or approval.

22.3. Force Majeure Events. CARGOX shall not be liable for (1) any inaccuracy, error, delays or omission of (i) any information, or (ii) the transmission or delivery of information; (2) any loss or damage arising from flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications, power failure, or equipment or software malfunction or any other cause beyond CARGOX reasonable control (each, a "Force Majeure Event").

22.4. Waiver. CARGOX failure or delay in exercising any right, power or privilege under these Terms shall not operate as a waiver thereof.

22.5. Severability. If any provision of these Terms is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other provisions of the Terms shall remain in full force and effect to the greatest extent permitted by law. Any invalid or unenforceable portion will be interpreted to affect the intent of the original portion. If such construction is not possible, the invalid provision of the Terms will be severed from these Term and the rest of the Terms will remain in full force and effect.

22.6. Press Releases. Any publicity, press release or other promotion that you wish to distribute that refers to CARGOX, shall be subject to CARGOX prior written approval.

22.7. Advice of Counsel. You acknowledge and warrant that by executing these Terms and accessing our Service, Ecosystem, Website and/or Platform, you had the opportunity to seek the advice of independent legal counsel, and has read and understood all of the terms and provisions of these Terms.

22.8. Survival. Sections: Eligibility, Risk Disclosure, Feedback, Intellectual Property, Links to other Websites, Disclaimer of Warranties, Limitation of Liability; Indemnity, Governing Law and Dispute Resolution and this Miscellaneous shall survive any termination or expiration of these Terms.

22.9. Electronic Communications. User agrees and acknowledges that all agreements, notices, disclosures and other communications that CARGOX provides User pursuant to this Terms or in connection with or related to User’s purchase of CARGOX tokens, including this Terms, may be provided by CARGOX, in its sole discretion, to User, in electronic form.

22.10. If you need to contact us in relation to these Terms, please email us to: [email protected]

© CargoX (January 2018)

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