Terms & Conditions

I. Introduction

This Terms of Service Agreement (“Agreement”) is a legally binding contract between you (“User” or “you”) and B. TECH & INNOVATIONS OÜ, a company duly organized under the laws of Estonia, with registry code 16973747, located at Harju maakond, Tallinn, Põhja-Tallinna linnaosa, Põhja pst 5-8, 10412, Estonia (“Company,” “we,” “us,” or “our”), governing your use of the BLOCX Wallet, BLOCX Marketplace, B.TXT Decentralized Messenger, and any other services, features, content, or applications offered by us (collectively, “Services”).

By registering for, accessing, browsing, or using the Services in any manner, you acknowledge that you have read, understood, and agree to be bound by this Agreement, our Privacy Policy, and any additional terms and conditions that are provided here or that may apply to specific sections of the Services, or to products and services that we make available to you through the Services.

If you do not agree to this Agreement, you should not access or use the Services. If you are using the Services on behalf of an entity, you represent and warrant that you have the authority to bind that entity to this Agreement and that such entity agrees to be fully bound by this Agreement.

II. Modification of Terms

We reserve the right, at our sole discretion, to change, modify, or otherwise alter these terms and conditions at any time. Any such modifications shall become effective immediately upon the posting thereof. It is your responsibility to review this Agreement on a regular basis to keep yourself informed of any modifications. By continuing to use the Services after any such changes, you accept the Agreement as modified.

III. Eligibility

The Services are not intended for use by individuals under the age of 18. By using the Services, you represent and warrant that you are at least 18 years old and that you have the full right, power, and authority to enter into and comply with the terms and conditions of this Agreement on behalf of yourself and any entity for whom you may use the Services.

IV. Account Registration and Use

A) Account Creation: To use certain features of the Services, you must register for an account with us (“Account”) and provide certain information about yourself as prompted by the registration form. You represent and warrant that: (a) all required registration information you submit is truthful and accurate; (b) you will maintain the accuracy of such information; and (c) your use of the Services does not violate any applicable law or regulation or the terms of this Agreement.

B) Account Responsibilities: You are responsible for maintaining the confidentiality of your account password and for all activities that occur under your Account. You agree to immediately notify the Company of any unauthorized use, or suspected unauthorized use, of your Account or any other breach of security. The Company cannot and will not be liable for any loss or damage arising from your failure to comply with the above requirements.

C) Account Security: The security of your Account is of utmost importance. You agree that you will be solely responsible for maintaining the security of your Account and for all charges or other activities that occur under your Account. The Company advises you to use strong, unique passwords for your Account and to not share your password with any third party.

D) Data Accuracy: You are responsible for ensuring that the information on your Account, including any personal data, is up to date and accurate. The Company reserves the right to suspend or terminate your Account if any information provided during the registration process or thereafter is or becomes inaccurate, false, or misleading.

V. Use of Services

A) Permitted Uses: You may use the Services only for lawful purposes and in accordance with this Agreement. The Services are for your personal and non-commercial use, unless specifically endorsed or approved by the Company.

B) Prohibited Conduct: You may not use the Services in any manner that could damage, disable, overburden, or impair the operation of the Services or interfere with any other party’s use of the Services. You may not attempt to gain unauthorized access to any portion of the Services or to any of the accounts, computer systems, or networks connected to the Services, whether through hacking, password mining, or any other means.

C) Compliance with Laws: You agree to comply with all local, state, national, and international laws and regulations applicable to your use of the Services, including those related to privacy, international communications, and the transmission of technical or personal data.

D) Proprietary Rights: You acknowledge that the Services and all related content, including but not limited to the intellectual property rights therein and thereto, are owned by the Company or the Company’s licensors. You agree not to copy, reproduce, modify, lease, loan, sell, distribute, transmit, broadcast, publicly perform, or create derivative works based on the Services or the Content, in whole or in part, by any means, except as expressly authorized in writing by the Company.

VI. Intellectual Property Rights

A) Ownership of Services and Content: The Services, including the text, graphics, images, photographs, videos, illustrations, and other content contained therein, are owned by the Company or its licensors and are protected under both Estonian and foreign laws. Except as explicitly stated in this Agreement, all rights in and to the Services and Content are reserved by us or our licensors.

B) Use of Content: Subject to your compliance with the terms and conditions of this Agreement, the Company grants you a limited, non-exclusive, non-transferable, non-sublicensable license to access and view the Content solely for your personal and non-commercial purposes

C) User Content: You may be able to post, upload, publish, submit, or transmit content and materials to the Services (“User Content”). By making any User Content available through the Services, you hereby grant to the Company a non-exclusive, transferable, sublicenseable, worldwide, royalty-free license to use, copy, modify, create derivative works based upon, distribute, publicly display, and publicly perform your User Content in connection with operating and providing the Services.

D) Feedback: You acknowledge and agree that any questions, comments, suggestions, ideas, feedback, or other information regarding the Services (“Feedback”) provided by you to the Company are non-confidential and the Company shall be entitled to the unrestricted use, and dissemination of this

Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you.

VII. Third-Party Services and Content

A) Third-Party Websites: The Services may contain links to third-party websites or services that are not owned or controlled by the Company. The Company has no control over and assumes no responsibility for the content, privacy policies, or practices of any third-party websites or services.

B) Third-Party Services: You may also be able to access certain third-party services through the Services. The Company does not endorse and is not responsible for the availability or reliability of such third-party services. If you access third-party services through the Services, you do so at your own risk and you agree that the Company will have no liability arising from your use of or access to any third-party services.

VIII. Payment and Fees

A) Service Fees: You agree to pay any fees or charges incurred in connection with your use of the Services which may include, but are not limited to, fees associated with transactions, masternode operations, or the use of BLOCX Wallet functionalities, as per the fee structure provided by the Company.

B) Subscription Services: Some parts of the Services may be billed on a subscription basis (“Subscription(s)”). You will be billed in advance on a recurring and periodic basis (“Billing Cycle”). Billing Cycles are set either on a monthly or annual basis, depending on the type of subscription plan you select when purchasing a Subscription.

C) Payment Information: By submitting such payment information, you automatically authorize the Company to charge all Subscription fees incurred through your Account to any such payment instruments.

D) Refunds: Unless otherwise provided by law or by a particular Service offer, all purchases are final and non-refundable.

IX. User Conduct

A) Legal Compliance: You agree to use the Services in compliance with all applicable laws, including but not limited to laws related to money laundering, illegal gambling operations, financing of terrorism, or malicious hacking.

B) Prohibited Activities: You are prohibited from engaging in any activity that the Company deems to be in conflict with the spirit or intent of the Services, including but not limited to circumventing or manipulating the terms of services, promotions, or policies.

C) Fair Use: You agree not to use any automated means, including robots, scripts, or spiders, to access the Services or to manipulate your account or services provided.

X. Disclaimers

A) No Warranties: The Services are provided “as is” and “as available” without any warranties of any kind, including that the Services will operate error-free or that the Services, their servers, or the content are free of computer viruses or similar contamination or destructive features.

B) Service Availability: We reserve the right to withdraw or amend the Services, and any service or material we provide on the Services, in our sole discretion without notice. We will not be liable if for any reason all or any part of the Services are unavailable at any time or for any period.

C) Assumption of Risk: You understand and agree that there are risks associated with utilizing an Internet-based currency, including, but not limited to, the risk of failure of hardware, software, and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your Account.

XI. Limitation of Liability

A) General Limitation: In no event will the Company, its affiliates, officers, directors, employees, agents, suppliers, or licensors be liable for any special, incidental, indirect, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from your access to or use of or inability to access or use the Services.

B) Jurisdictional Limitations: Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above disclaimers and limitations of liability may not apply to you.

XII. Indemnification

You agree to indemnify, defend, and hold harmless the Company and its principals, agents, partners, and employees, from and against any loss, liability, claim, demand, damages, costs, and expenses, including reasonable attorney’s fees, arising out of or in connection with your use of the Services, your violation of this Agreement, your violation of applicable laws or regulations, or your User Content.

XIII. Governing Law

A) Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the Republic of Estonia, without regard to its conflict of law principles.

B) Dispute Resolution: The parties agree to first attempt to negotiate any dispute informally for at least thirty (30) days before initiating any court proceeding. Such informal negotiations will commence upon written notice. Your address for such notices is your billing address, with an email copy to the email address you have provided to the Company.

C) Court Proceedings: Any court proceedings must be in Harju County Court located in Tallinn, Estonia, or if no such court has jurisdiction, then in a court of competent jurisdiction within the Republic of Estonia.

D) Compliance with Local Laws: You are responsible for complying with all local laws and regulations applicable to your use of the Services. You must not use the Services in any way that is not expressly permitted by this Agreement.

E) International Use: Recognizing the global nature of the internet, you agree to comply with all local rules regarding online conduct and acceptable content. Specifically, you agree to comply with all applicable laws regarding the transmission of technical data exported from the country in which you reside.

XIV. Conclusion and Acknowledgement

By using the Services, you acknowledge that you have read this Agreement and agree to be bound by its terms and conditions. You further acknowledge that this Agreement constitutes the entire and exclusive understanding and agreement between you and B. TECH & INNOVATIONS OÜ regarding the Services and supersedes and replaces any and all prior oral or written understandings or agreements between you and the Company regarding the Services.

If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable.

The failure of the Company to enforce any right or provision of this Agreement will not constitute a waiver of future enforcement of that right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of the Company.

Except as expressly set forth in this Agreement, the exercise by either party of any of its remedies under this Agreement will be without prejudice to its other remedies under this Agreement or otherwise.

XV. Contact Information

If you have any questions about this Agreement, please contact B. TECH & INNOVATIONS OÜ by e-mail: contact@blocx.tech
This Agreement is effective as of 25.04.2024.