ARBITAO ICO ( INITIAL COIN OFFERING ) POOLTRADING TERMS AND CONDITIONS

Transcription

1 Yu agree that by registering fr an accunt n ur Site r therwise accessing ur Services, yu are agreeing t the terms and cnditins (the "Terms") f use set frth belw. If yu d nt agree t these Terms, d nt register fr an Accunt r therwise access ur Services. Please nte that yur use f the Services is als subject t ur Privacy Plicy. Arbita reserves the right t update the Terms and Privacy Plicy at any time withut prir ntice t yu. ARBITAO ICO ( INITIAL COIN OFFERING ) POOLTRADING TERMS AND CONDITIONS IMPORTANT WARNING: IF YOU DO NOT AGREE TO THESE TERMS, DO NOT PURCHASE ATAO COINS. IF YOU HAVE ANY QUESTIONS REGARDING THESE TERMS, PLEASE CONTACT THE ARBITAO TEAM AT INFO@ARBITAO.COM. DO NOT PURCHASE ATAO Cins IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC COINS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING ATAO COINS, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT WITH AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE ATAO COINS. PURCHASES OF ATAO COINS SHOULD BE UNDERTAKEN ONLY BY INDIVIDUALS, ENTITIES, OR COMPANIES THAT HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC COINS, INCLUDING ETHEREUM TOKENS, AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE A FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC COINS/TOKENS. WHILE THE ARBITAO TEAM WILL BE AVAILABLE TO ASSIST PURCHASERS OF ATAO COINS DURING THE SALE, THE ARBITAO TEAM WILL NOT BE RESPONSIBLE IN ANY WAY FOR LOSS OF BITCOIN, ETHER TOKENS, VARIOUS CRYPTOCURRENCIES AND/OR ATAO COINS RESULTING FROM ACTIONS TAKEN BY, OR OMITTED BY PURCHASERS. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE ATAO COINS OR PARTICIPATE IN THE SALE OF ATAO COINS. YOUR PARTICIPATION IN ATAO COINS SALE IS DEEMED TO BE YOUR UNDERTAKING THAT YOU SATISFY THE REQUIREMENTS MENTIONED IN THIS PARAGRAPH. BY PURCHASING ATAO COINS, AND TO THE EXTENT PERMITTED BY LAW, YOU ARE AGREEING NOT TO HOLD ANY OF THE ARBITAO TEAM AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS,

2 VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS ( ARBITAO TEAM ) LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO THE SALE OF ATAO COINS, INCLUDING LOSSES ASSOCIATED WITH THE TERMS SET FORTH BELOW. 1. Certain Cvenants Related t Arbita Cin Sale Yu are nt an affiliate (as defined in Rule 144 under the Securities Act) f the Cmpany r acting n behalf f an affiliate f the Cmpany and yu are: Nt a U.S. persn and yu are nt acquiring ATAO Cins fr the accunt r benefit f a U.S. persn, and yu are acquiring such ATAO Cins in an ffshre transactin in accrdance with Regulatin S under the Securities Act and in accrdance with the laws applicable t yu in the jurisdictin in which such acquisitin is made. When yu purchase, r therwise receive, ATAO Cins, yu cvenant as fllws: yu will nt access the Website frm territries where the Website is illegal; yu will supply us with all infrmatin, dcumentatin r cpy dcumentatin that we require in rder t allw us t accept yur purchase f ATAO Cins and allcate ATAO Cins t yu; yu will prvide us with any additinal infrmatin which may be reasnably required in rder that we can fulfil ur legal, regulatry and cntractual bligatins, including but nt limited t any anti-mney laundering bligatin; yu will ntify us prmptly f any change t the infrmatin supplied by yu t us; and - yu waive any right yu may have / btain t participate in a class actin lawsuit r a class wide arbitratin against any entity r individual invlved with the sale f ATAO Cins. 2. Representatins and Warranties Yu hereby acknwledge, represent, and warrant: (a) as f the date f any ATAO Cins purchase, (b) as f the date f any discunt r rebate related activities yu cnduct in cnnectin with ATAO Cins, and (c) as f the date f any vting cnducted by yu in cnnectin with Arbita: the infrmatin n this Website, including the White Paper and the Terms, relates t a sale f tkens that is exempt frm registratin under the Securities Act and may nt cmply in imprtant respects with SEC rules that wuld apply t an ffering dcument relating t a public ffering f securities; ATAO Cins d nt cnstitute securities in any frm in any jurisdictin; the White Paper available n the Website (tgether with the dcuments incrprated therein by reference, hereinafter the White Paper ) des nt cnstitute a prspectus r ffer dcument in respect f securities f any srt and is nt intended t cnstitute an ffer f securities in any jurisdictin r a slicitatin fr investment in securities; n regulatry authrity has examined r apprved f the infrmatin set ut in the White Paper, n actin has been r will be taken under the laws, regulatry

3 requirements r rules f any jurisdictin and the publicatin, distributin r disseminatin f the White Paper t purchasers f ATAO Cins des nt imply that the applicable laws, regulatry requirements r rules have been cmplied with; the distributin r disseminatin f the White Paper, any part theref r any cpy theref, r acceptance f the same by purchasers f ATAO Cins, is nt prhibited r restricted by the applicable laws, regulatins r rules in yur applicable jurisdictin, and where any restrictins in relatin t pssessin are applicable, purchasers f ATAO Cins have bserved and cmplied with all such restrictins at purchasers wn expense and withut liability t Arbita; ATAO Cins are nt t be cnstrued, interpreted, classified r treated as: i. any kind f currency; ii. debentures, stcks r shares issued by any persn r entity; iii. iv. rights, ptins r derivatives in respect f such debentures, stcks r shares; rights under a cntract fr differences r under any ther cntract the purpse r pretended purpse f which is t secure a prfit r avid a lss; v. units in a cllective investment scheme; vi. units in a business trust; vii. derivatives f units in a business trust; r viii. any ther security r class f securities; yu have a basic degree f understanding f the peratin, functinality, usage, strage, transmissin mechanisms and ther material characteristics f cryptcurrencies, blckchain-based sftware systems, cryptcurrency wallets r ther related tken strage mechanisms, blckchain technlgy and smart cntract technlgy; the Arbita Team is nt liable fr any indirect, special, incidental, cnsequential r ther lsses f any kind, in trt, cntract r therwise (including but nt limited t lss f revenue, incme r prfits, and lss f use r data), arising ut f r in cnnectin with any acceptance f r reliance n the White Paper r any part theref by purchasers f ATAO Cins; all f the abve representatins and warranties are true, cmplete, accurate and nnmisleading frm the time f access t and/r acceptance f pssessin by yu f the White Paper r such part theref (as the case may be); Arbita Team has nt prvided yu with any advice regarding whether ATAO Cin is a suitable investment fr yu; yu have sufficient understanding f the functinality, usage, strage, transmissin mechanisms and intricacies assciated with cryptgraphic cins, such as Bitcin and Ether, as well as blckchain-based sftware systems generally; yu have nt supplied us with infrmatin relating t yur acquisitin f ATAO Cins r therwise which is inaccurate r misleading; yu are nt yunger than 18 and are f a sufficient age (if an individual) t legally btain ATAO Cins, and yu are nt aware f any ther legal reasn t prevent yu frm btaining ATAO Cins; yu take sle respnsibility fr any restrictins and risks assciated with receiving and hlding ATAO Cins, including but nt limited t thse set ut in the Legal / Risk Factrs Dcument available as f the date f purchase n the Website; by acquiring ATAO Cins, yu are nt making a regulated investment, as this term may be interpreted by the regulatr in yur jurisdictin;

4 yu are nt btaining r using ATAO Cins fr any illegal purpse, and will nt use ATAO Cins fr any illegal purpse; t the extent permitted by law and prvided we act in gd faith, the Arbita Team makes n warranty whatsever, either expressed r implied, regarding the future success f Arbita (as the prject is described in White Paper and/r the Ethereum Netwrk). yu accept that ATAO Cins are created and yu btain ATAO Cins n an as is and under develpment basis; yu bear sle respnsibility fr determining if: i. the acquisitin, the allcatin, use r wnership f ATAO Cins; ii. the ptential appreciatin r depreciatin in the value f ATAO Cins ver time, if any; iii. the sale and purchase f ATAO Cins; and/r iv. any ther actin r transactin related t ATAO Cins, has tax implicatins. 3. Certain Undertakings in Relatin t Regulatins If yu are acquiring ATAO Cins pursuant t Regulatin S, yu acknwledge n yur wn behalf and n behalf f any purchaser accunt fr which yu are acquiring ATAO Cins, and each subsequent hlder f ATAO Cins by its acceptance theref will be deemed t acknwledge that, until the expiratin f the distributin cmpliance perid under Regulatin S (the Distributin Cmpliance Perid ), yu r it will nt make any ffer r sale f ATAO Cins t a U.S. persn r fr the accunt r benefit f a U.S. persn within the meaning f Rules 902 and 903 f the Securities Act, except in cmpliance with applicable securities laws. In additin, yu further acknwledge that with respect t ATAO Cins received pursuant t Regulatin S, hedging transactins invlving such ATAO Cins may nt be cnducted unless in cmpliance with the Securities Act. If yu are acquiring ATAO Cins pursuant t Regulatin D, yu agree (n yur wn behalf and n behalf f any purchaser accunt fr which yu are acquiring ATAO Cins), and each subsequent hlder f ATAO Cins by its acceptance theref will be deemed t agree, that prir t the expiratin f the applicable hlding perid set frth in Rule 144 (the Resale Restrictin Terminatin Date ), yu r it will ffer, sell r therwise transfer ATAO Cins nly (a) t the Cmpany r any f its subsidiaries, (b) fr s lng as ATAO Cins are eligible fr resale pursuant t Rule 144A under the Securities Act ( Rule 144A ), t a persn yu r it reasnably believes is a Qualified Institutinal Buyer, as defined in Rule 144A ( QIB ) that purchases fr its wn accunt r fr the accunt f a QIB t which ntice is given that the transfer is being made in reliance n Rule 144A, (c) pursuant t ffers and sales t persns wh are nt U.S. persns that ccur utside the United States in accrdance with Regulatin S and in accrdance with the laws applicable t yu in the jurisdictin in which such purchase is made, (d) pursuant t a registratin statement that has been declared effective under the Securities Act r (e) pursuant t any ther available exemptin frm the registratin requirements f the Securities Act, subject, in each f the freging cases, t any requirement f law that the dispsitin f yur prperty r the prperty f such purchaser accunt r accunts be at all times within yur r their cntrl and, in each case, in cmpliance with applicable securities laws f any U.S. state r any ther applicable jurisdictin. In additin, the Cmpany will require, prir t any ffer, sale r transfer (A) pursuant t clause (b), (c) r (e), the

5 delivery f an pinin f cunsel, certificatin r ther infrmatin satisfactry t each f them and (B) in each f the freging cases, that a transferee is presented with the resale restrictins set frth in the preceding paragraph and affirmatively signal his, her r its understanding. The freging restrictins n resale will nt apply subsequent t the Resale Restrictin Terminatin Date. Each hlder f ATAO Cins acknwledges that the Cmpany is nt making any representatins as t the availability f the exemptin prvided by Rule 144 fr resale f ATAO Cins, if, as and when issued. Each hlder f a ATAO Cins acknwledges that ATAO Cins, when, as and if issued, will be deemed t cntain a legend substantially t the fllwing effect: THIS ATAO COINS HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT ), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS ATAO COINS NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE 9 REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. SUBSEQUENT TO THE INITIAL ISSUANCE OF THIS ATAO COINS, EACH HOLDER OF THIS ATAO COINS, BY ITS ACCEPTANCE THEREOF, REPRESENTS THAT (A) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS ATAO COINS IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH ACQUISITION IS MADE. FOR REGULATION S ACQUISITIONS ONLY: THIS ATAO COINS WILL BE ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT, AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ( REGULATION S )) EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. EXCEPT AS SET FORTH BELOW, THIS ATAO COINS SHALL NOT BE EXCHANGEABLE FOR A SECURITY THAT DOES NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER UNTIL THE EXPIRATION OF THE APPLICABLE DISTRIBUTION COMPLIANCE PERIOD (WITHIN THE MEANING OF REGULATION S) AND THEN ONLY UPON CERTIFICATION THAT SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY NON-U.S. PERSONS OR U.S. PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. THE HOLDER OF THIS ATAO COINS AGREES (1) TO OFFER, SELL OR OTHERWISE TRANSFER SUCH ATAO COINS, PRIOR TO THE EXPIRATION OF THE APPLICABLE HOLDING PERIOD WITH RESPECT TO RESTRICTED SECURITIES SET FORTH IN RULE 144 UNDER THE SECURITIES ACT (THE RESALE RESTRICTION TERMINATION DATE ), ONLY (A) TO THE COMPANY OR ANY OF THE COMPANY S SUBSIDIARIES, (B) FOR SO LONG AS THE ATAO COINS IS

6 ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A UNDER THE SECURITIES ACT, (C) PURSUANT TO OFFERS AND SALES TO PERSONS WHO ARE NOT U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH PURCHASE IS MADE, (D) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT, IN EACH OF THE FOREGOING CASES, TO ANY REQUIREMENT OF LAW THAT THE DISPOSITION OF ITS PROPERTY OR THE PROPERTY OF SUCH PURCHASER ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL AND, IN EACH CASE, IN COMPLIANCE WITH APPLICABLE 10 SECURITIES LAWS OF ANY U.S. STATE OR ANY OTHER APPLICABLE JURISDICTION, AND (2) THAT IT WILL HAVE A REASONABLE BELIEF THAT EACH PERSON TO WHOM THE ATAO COINS IS TRANSFERRED WILL BE PRESENTED WITH NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND AND WILL HAVE AFFIRMATIVELY SIGNALED HIS, HER OR ITS UNDERSTANDING; PROVIDED, THAT THE COMPANY SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (B) AND (E), PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, OR PURSUANT TO CLAUSE (C), PRIOR TO, AND UPON COMPLETION OF, THE DISTRIBUTION COMPLIANCE PERIOD (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT), TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. HEDGING TRANSACTIONS INVOLVING THE ATAO Cins MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT. FOR REGULATION D ACQUISITIONS ONLY: THE HOLDER OF THIS ATAO COINS AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH ATAO COINS PRIOR TO THE EXPIRATION OF A 12-MONTH LOCK-UP PERIOD FOLLOWING THE DATE OF ISSUANCE OF ATAO COINS DURING WHICH THE ATAO COINS MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF. Yu agree that yu will nt transfer ATAO Cins unless yu are given reasnable assurance that each persn t whm yu transfer ATAO Cins receives ntice f any restrictins n transfer f such ATAO Cins. If yu are a Purchaser in a transactin that ccurs utside the United States within the meaning f Regulatin S, yu acknwledge that until the expiratin f the Distributin Cmpliance Perid, any ffer r sale f ATAO Cins within the United States r t a U.S. Persn by a dealer (whether r nt participating in the ffering) may vilate the registratin requirements f the Securities Act if such ffer r sale is made therwise than in accrdance with Rule 144A.

7 Yu understand that n actin has been taken in any jurisdictin in the U.S. r elsewhere by the Cmpany that wuld result in a public ffering f ATAO Cins r the pssessin, circulatin r distributin f the White Paper, the Terms r any ther material relating t the Cmpany r ATAO Cins in any jurisdictin where actin fr such purpse is required. Cnsequently, any transfer f the ATAO Cins will be subject t the transfer restrictins set frth hereunder. Yu acknwledge that the Cmpany will rely upn the truth and accuracy f the acknwledgements, representatins, warranties and agreements set frth herein and agree that, if any acknwledgements, representatins, warranties and agreements deemed t have been made by yur participatin in the sale f ATAO Cins are n lnger accurate, yu will prmptly ntify the Cmpany. 4. Arbita Cin Sale The Arbita Team is cnducting an initial cin ffering fr funding further develpment f a hybrid crypt exchange. The day t day peratins f Arbita will be managed by a separate legal entity registered in a favurable jurisdictin. Operatin f Arbita will depend n existence and circulatin f ATAO Cins. ATAO Cins will have attributes f (i) discunt n Arbita services and (ii) internal Arbita payment unit. ATAO Cins give their hlders discunt rights as utlined in these Terms and in the White Paper. Arbita Cin specificatins: Cin symbl: ATAO; Cin full name: Arbita Cin; Cin type: Utility; Ttal cins fr sale: 480,000,000 + Bnus; Ttal cins fr pre-sale: 200,000,000; Cins burn: Yes (upn cmpletin). ATAO Cins will be generated as sn as reasnably practicable after cmpletin f the ATAO Cins sale. The timing fr cmpletin f the ATAO Cins sale is prvided n the Website. N mre ATAO Cins will be issued after the end f the ATAO Cin sale. 5. Arbita Cin Sale Stages I. Pre-ICO The pre-sale will be cnducted as a private sale in accrdance with the belw specificatins: Perid: frm 22 July (01:00:00 GMT) until 07 August 2018 (01:00:00 GMT) Ttal amunt f ATAO Cins available fr pre-sale: 200,000,000; Private Pre-Sale fixed price: 1 ATAO Cin = 0.1 USD r its equivalent in anther cryptcurrency (the exchange rate is the arithmetic average f the exchange rates listed n the fllwing cryptcurrency exchanges: GDAX, Kraken and Bitstamp at the time f purchase);

8 Sale vlume bnus plicy: fr a purchase in the first tw days the Abita Team will prvide 40% additinal ATAO Cins; fr the purchase at the days three and fur the Arbita Team will prvide 35% additinal ATAO Cins; fr the purchase at the days five and six the Arbita Team will prvide 30% additinal ATAO Cins; fr the purchase at the days seven and eight the Arbita Team will prvide 25% additinal ATAO Cins; r the purchase at the days nine and ten the Arbita Team will prvide 20% additinal ATAO Cins; fr the purchase at the days eleven t thirteen the Arbita Team will prvide 15% additinal ATAO Cins; fr the purchase at the days furteen t seventeen the Arbita Team will prvide 10% additinal ATAO Cins; Minimum purchase amunt: 100 USD r its equivalent in crypt r anther cryptcurrency (the exchange rate is the arithmetic average f the exchange rates listed n the fllwing cryptcurrency exchanges: GDAX, Kraken and Bitstamp at the time f purchase). Accepted currency: ETH/BTC/LTC/BCH/XMR/DASH/ZCASH/BTG/XRP. Currency cnversin will be prcessed at the exchange rate that is the arithmetic average f the exchange rates listed n the fllwing cryptcurrency exchanges GDAX, Kraken and Bitstamp at the time f purchase; Althugh Arbita will accept varius cryptcurrencies, the received funds are ging t be cnverted t BTC t prtect the received funds frm extensive vlatility. II. ICO Perid: frm 12 August 2018 (01:00:00 GMT) until 09 September 2018 (01:00:00 GMT); Ttal amunt f ATAO Cins available fr the Main: 280,000,000 + Bnus; Sale fixed price: 1 ATAO = 0.1 USD r its equivalent in crypt r anther cryptcurrency (the exchange rate is the arithmetic average f the exchange rates listed n the fllwing cryptcurrency exchanges: GDAX, Kraken and Bitstamp at the time f purchase); Sale vlume bnus plicy: The discunt f 10% will last as lng as the sft cap f 20,000,000 USD is reached Minimum purchase amunt: 100 USD r its equivalent in crypt r anther cryptcurrency (the exchange rate is average rate in exchanges GDAX, Kraken, Bitstamp at the time f purchase). Accepted currency: ETH/BTC/LTC/BCH/XMR/DASH/ZCASH/BTG/XRP. Currency cnversin will be prcessed at the exchange rate that is the arithmetic average f the exchange rates listed n the fllwing cryptcurrency exchanges GDAX, Kraken and Bitstamp at the time f purchase; Althugh Arbita will accept varius cryptcurrencies, the received funds are ging t be cnverted t BTC t prtect the received funds frm extensive vlatility.

9 6. After the ATAO Cin Sale T the fullest extent permitted under applicable law, all rights, bligatins, and limitatins arising under ATAO Cins as per the terms heref shall remain with ATAO Cins, regardless f wnership. Accrdingly, such rights, bligatins, and limitatins will transfer as ATAO Cins are transferred frm ne wner t anther. Prir t a Purchaser selling ATAO Cins after the Arbita sale f ATAO Cins is cmplete, such Purchaser shall ensure that the buyer f any such ATAO Cins undertakes t cmply with all the prvisins f these Terms as if such buyer were a Purchaser in the Arbita sale f ATAO Cins. The Arbita Team in n way guarantee that the value f ATAO Cins will appreciate after the sale f ATAO Cins. If ATAO Cins d appreciate in value, the Arbita Team des nt make any guarantee that the value f ATAO Cins will nt subsequently decrease. Future returns maybe paid ut in ther cryptcurrencies at the discretin f Arbita. 7. Taxatin f ATAO Cins and Taxatin Related t the ICO The Purchaser bears the sle respnsibility t determine if the purchase f ATAO Cins r the ptential appreciatin r depreciatin in the value f ATAO Cins ver time has tax implicatins fr the Purchaser in the Purchaser's hme jurisdictin. By purchasing ATAO Cins, and t the extent permitted by law, the Purchaser agrees nt t hld any f the Arbita Team, its affiliates, sharehlders, directr, r advisrs liable fr any tax recrd keeping r liability assciated with r arising frm the purchase f ATAO Cins. 8. Frce Majeure Arbita Team is nt liable fr failure t perfrm slely caused by: unavidable casualty; delivery delays; embarges; gvernment rders; acts f civil r military authrities; acts by cmmn carriers; emergency cnditins (including weather cnditins); security issues arising frm the technlgy used; r r any similar unfreseen event that renders perfrmance cmmercially implausible. 9. Limitatins Waiver f Liability The Purchaser acknwledges and agrees that, t the fullest extent permitted by any applicable law, the disclaimers f liability cntained herein apply t any and all damages r injury whatsever caused by r related t (i) use f, r inability t use, ATAO Cins r (ii) the Arbita Team under any cause r actin whatsever f any kind in any jurisdictin, including, withut limitatin, actins fr breach f warranty, breach f cntract r trt (including negligence) and that nne f the Arbita Team

10 shall be liable fr any indirect, incidental, special, exemplary r cnsequential damages, including fr lss f prfits, gdwill r data, in any way whatsever arising ut f the use f, r inability t use, r purchase f, r inability t purchase, cins, r arising ut f any interactin with the smart cntract implemented in relatin t ATAO Cins. The Purchaser further specifically acknwledges that the Arbita Team is nt liable fr the cnduct f third parties, including ther Purchasers f ATAO Cins, and that the risk f purchasing and using ATAO Cins rests entirely with the Purchaser. T the extent permissible under applicable laws, under n circumstances will any f the Arbita Team be liable t any Purchaser fr mre than the amunt the Purchaser have paid t the Arbita Team fr the purchase f ATAO Cins. 10. Cmplete Agreement These Terms set frth the entire understanding between the Purchaser and the Arbita Team with respect t the purchase and sale f ATAO Cins. Fr facts relating t the sale and purchase, the Purchaser agrees t rely nly n these Terms in determining purchase decisins and understands that the Terms gvern the sale f ATAO Cins and supersede any public statements abut the ATAO Cins sale made by third parties r by the Arbita Team r individuals assciated with any f the Arbita Team, past and present and during the ATAO Cins sale. 11. Severability The Purchaser and the Arbita Team agree that if any prtin f these Terms is fund illegal r unenfrceable, in whle r in part, such prvisin shall, as t such jurisdictin, be ineffective slely t the extent f such determinatin f invalidity r unenfrceability withut affecting the validity r enfrceability theref in any ther manner r jurisdictin and withut affecting the remaining prvisins f the Terms, which shall cntinue t be in full frce and effect. 12. N Waiver The failure f the ATAO Team t require r enfrce strict perfrmance by the Purchaser f any prvisin f these Terms r the Arbita Team failure t exercise any right under these Terms shall nt be cnstrued as a waiver r relinquishment f the Arbita Team right t assert r rely upn any such prvisin r right in that r any ther instance. The express waiver by the Arbita Team f any prvisin, cnditin, r requirement f these Terms shall nt cnstitute a waiver f any future bligatin t cmply with such prvisin, cnditin r requirement. Except as expressly and specifically set frth in these Terms, n representatins, statements, cnsents, waivers, r ther acts r missins by the Arbita Team shall be deemed a mdificatin f these Terms nr be legally binding. 13. Updates t the Terms and the Website The Arbita Team reserves the right, at its sle discretin, t change, mdify, add, r remve prtins f the White Paper and/r Terms at any time during the sale by psting the amended White Paper and/r Terms n the Website. All changes will be

11 effective upn psting n the Website. Yu agree t be bund by any such changes if yu cntinue t use the Website and/r hlding ATAO Cins (including the rights t receive ATAO Cins). The Arbita Team may change, restrict access t, suspend r discntinue the Website, r any prtin f the Website, at any time. 14. Cperatin with Legal Authrities The Arbita Team will cperate with all law enfrcement enquiries, subpenas, r requests prvided they are fully supprted and dcumented by the law in the relevant jurisdictins. 15. Assignment Other than with respect t transfers f ATAO Cins, Purchaser may nt assign, transfer, charge r deal in any ther manner with these Terms r any f its rights under it (including hlding an interest n trust fr anther), nr purprt t d s, nr sub-cntract any r all f its bligatins under these Terms withut having btained the prir written cnsent f the Arbita Team. 16. Security Yu are respnsible fr implementing reasnable measures fr securing the wallet, vault r ther strage mechanism yu use t receive and hld the ATAO Cins purchased frm the Arbita Team, including any requisite private key(s) r ther credentials necessary t access such strage mechanism(s). If yur private key(s) r ther access credentials are lst, yu may lse access t yur ATAO Cins. The Arbita Team is nt respnsible fr any lsses, csts r expenses relating t lst access credentials. 17. Entire Agreement These Terms set ut the entire agreement between the Purchaser and the Arbita Team in respect f the use f the Website, the disclsure f infrmatin abut the Purchaser t the Arbita Team, the sale f ATAO Cins, and Arbita and supersede any previus agreement r arrangement between the Purchaser and the Arbita Team relating t the subject matter f ATAO Cins sale r Arbita. 18. Cmmunicatins Yu agree that the Arbita Team may cmmunicate with, and/r therwise prvide ntificatins t yu, via and ther frms f electrnic cmmunicatins, by sending yu a paper dcument, r by psting n the Website.