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PLEASE READ THESE TERMS OF TOKEN SALE CAREFULLY. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT PURCHASE TOKENS.

Your purchase of MVON Tokens (collectively, “MVON” or “Tokens”) during the Token Sale rounds (the “Token Sale”) period (the “Sale Period”) from VAERTECH Solutions FZCO, Dubai, UAE (“Company,” “we,” or “us”) is subject to these Terms and Conditions (“Terms”). Each of you and the Company is a “Party,” and together the “Parties.”

By purchasing Tokens from us during the Sale Period and/or using MVON in connection with the MovitOn Platform, you will be bound by these Terms and all terms incorporated by reference. If you have any questions regarding these terms, please contact us at sales@moviton.com

You and the Company agree as follows: 

1. Purpose and Use of Tokens

1.1. The MVON token – is a purely UTILITY token proposed to use as an internal payment method (credits) in the MovitOn platform, operating on blockchain technology. It is used for executing smart contracts, paying for service fees, and ensuring the security of transactions. Users will be able to utilize the MVON token for making security deposits, paying for delivery services, and platform fees within the MovitOn app. The MVON token will also grant users access to various Traveler P2P marketplace services offered by the MovitOn community.

1.2. The Tokens do not confer any rights, express or implied, other than the right to use the Token as a means to participate in the Platform, if successfully completed and deployed, in a manner consistent with its purpose. In particular, you understand and accept that the Token does not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Platform, and/or the Company and its corporate affiliates, other than rights relating to the use of the Platform, subject to limitations and conditions in these Terms and applicable Platform Terms and Policies (as defined below).

1.3. The Tokens are not intended to be a digital currency, security, commodity or any other kind of financial instrument.

2. Scope of Terms 

2.1. Unless otherwise stated herein, these Terms govern only your purchase of Tokens from us during the Sale Period. The use of Tokens in connection with the Platform may be governed by other applicable terms and policies (collectively, the “Platform Terms and Policies”). Any Platform Terms and Policies we promulgate will be available at https://www.moviton.com We may add terms or policies to the Platform Terms and Policies at our sole discretion, and may update each of the Platform Terms and Policies from time to time according to modification procedures set forth therein.

2.2. To the extent of any conflict with these Terms, the Platform Terms and Policies shall control with respect to any issues relating to the use of Tokens in connection with the Platform.

3. Eligibility

3.1. In order to be eligible to receive your MVON tokens, you must provide all personal information as required by the Company or its agents, as part of its Know Your Customer (“KYC”) process. Collected information may include a passport, driver’s license, utility bill, photograph of you, government identification cards, or sworn statements, and we or our nominee may keep a copy of such information.

3.2. In order to be eligible to withdraw the Tokens you purchase from us, you must also provide a wallet or other storage mechanism (“Wallet”) that supports Ethereum ERC20-compatbile tokens in your MVON Account. We reserve the right to prescribe additional guidance regarding specific requirements with respect to a storage mechanism for the Tokens.

3.3. We are not responsible for any delays, losses, costs, non-delivery of refunds or of Tokens, or other issues arising from your failing to provide a proper Wallet Address or providing an inaccurate or incomplete Wallet Address.

4. Cancellation; Refusal of Purchase Requests

4.1. Your purchase of Tokens from us during the Sale Period is final, and there are no refunds or cancellations except (i) as may be required by applicable law or regulation, or (ii) as to the Token Sale alone, if less than the required quantity of softcap as determined by the Company in Tokenomics have been received by the Company during the Sale Period.

4.2. If (i) or (ii) occurs that your payment via bank transfer or crypto sent by you to purchase Tokens may be returned and the purchase and sale of the Tokens may be considered void and rescinding without further recourse against the Company.

4.3. We reserve the right to refuse or cancel Token purchase requests at any time at our sole and absolute discretion and to stop the Token Sale entirely for any reason, or no reason. To the extent that we refuse or reject a payment, we will exercise reasonable endeavors to secure that the payment is returned to you in the same method it was made.

5. Token Purchase Procedures

5.1. Company will generate 650 000 000 (six hundred fifty million) ERC20-comptabile MVON tokens for use with the MovitOn Platform, of which 205 000 000 (two hundred five million) MVON will be available for purchase in 3 (three) Token Sales rounds: Private Sales, Presale and Public Sale.

The detailed information about the MVON Token distribution and Token Sale rounds is outlined in the MVON Tokenomics document, available for download here.

The commencement of the Token Sale Period will be advertised on the Token Sales website at https://sales.moviton.com

The Token Sale will continue until either (i) the remaining supply of MVON available for sale, are sold, or (ii) the Company advertises a completion date on our website at https://sales.moviton.com Notification of a completion date by the Company will be provided with at least 5 (five) days notice, prior to the advertised date.

5.4. During the Sale Period, MVON Tokens can be purchased at a price determined for each round according to the MVON Tocenomics as following:

5.5. You can purchase MVON Tokens during the Sale Period at https://sales.moviton.com by registering a Personal Account and following the given Token purchase procedure.

5.6. To initiate a purchase of MVON Token during the Sale Period, you have to choose a payment method (via bank transfer or crypto), and agree to these Terms in your Personal Account.

5.7. The Tokens will be deposited to your Personal Account balance after confirming the payment receipt by our team. The payment confirmation may take from 6 hours to 72 hours depending on the payment method.

5.8. Tokens will not be distributed immediately following the Sale Period, but will begin following the TGE, at a time specified by Company after completion of the Sale Period. The Token claim process may automatically deliver the corresponding amount of MVON to your designated Wallet Address.

6. Acknowledgment and Assumption of Risks

You acknowledge and agree that there are risks associated with purchasing Tokens, holding Tokens and using Tokens for providing or receiving Services on the Platform, as disclosed and explained in the Risk Disclosures set forth in Schedule 1 hereto. If you have any questions regarding these risks, please contact us at sales@moviton.com

BY ACCEPTING THESE TERMS AND PURCHASING TOKENS, YOU EXPRESSLY AND FINALLY ACKNOWLEDGE, ACCEPT AND ASSUME ALL OF THE RISKS SET FORTH IN THE CLAUSE 20 HERETO. ALL RISK OF LOSS TRANSFERS TO YOU UPON PURCHASE OF THE TOKENS. 

7.Security and Confidetiality

7.1. You are responsible for implementing reasonable measures for securing your Personal Account credentials, wallet, vault or other storage mechanisms you use to receive and hold Tokens you purchase from us, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. We are not responsible for any such losses. You will implement reasonable and appropriate measures designed to secure access to (i) any device connected with the email address associated with your Personal Account, (ii) private keys required to access any relevant Wallet address or your Tokens and (iii) your username, password and any other login or identifying credentials.

We may use aggregate statistical information about your activity, including your activity on the Company Site and logins to various websites, for marketing or any other purpose at our sole discretion. We may use your internet protocol address to verify your purchase of Tokens. However, we will not release your personally-identifying information to any third party without your consent, except as not prohibited by law or as set forth in these Terms, our Privacy Policy or any other Platform Terms and Policies, all of which you have agreed to.

8. Personal Information privacy

8.1. We may determine, at our sole discretion, that it is necessary to obtain certain information about you required to maintain compliance with any federal, state, local, domestic or foreign law, regulation or policy, including any KYC or AML requirements and policies, in connection with selling Tokens to you. You agree to provide us, or our nominee, such information promptly upon request, and you acknowledge that we may refuse to sell Tokens to you until you provide such requested information and we have determined that it is permissible to sell you Tokens under applicable law or regulation.

9.Taxes and Expenses

9.1. The Purchase Price that you pay for Tokens is exclusive of all applicable taxes. You are solely responsible for determining what, if any, taxes apply to your purchase of Tokens, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting or remitting any sales, use, value added or similar tax arising from your purchase of Tokens. You agree not to hold the Company or any Company Parties (defined below) liable for any tax liability associated with or arising from the creation, ownership, use or liquidation of Tokens, or any other action or transaction related to the MovitOn Platform.

10. Representations and Warranties

By purchasing Tokens, you represent and warrant that:

You are agreeing to participate in the MovitOn Platform in some manner, and you understand that it is your responsibility to participate, meaning that the MovitOn Platform surrounding this project is NOT solely dependent upon the efforts of the Company managers, but by the members engaging with the Company, the MovitOn Platform and any associated Services;

10.2. You have sufficient understanding of cryptographic tokens, token storage mechanisms (such as token wallets), and distributed ledger technology to understand these Terms and to appreciate the risks and implications of purchasing the Tokens;

10.3. You have read and understand these Terms and Conditions

10.4. You have obtained sufficient information about the Tokens to make an informed decision to purchase the Tokens;

10.5. You understand that the Tokens currently only confer the right to transfer value within the MovitOn Platform and confer no other rights of any form with respect to the MovitOn Platform or the Company, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights;

10.6. You understand that while decentralised governance of the Platform is described as part of the roadmap in the White Paper, as the governance process is not yet defined, there is no assurance that ownership of Tokens will confer any rights to participate in the governance process once it is established, unless described as such in the definition of the MovitOn Platform governance process, once, and if, that phase of the project is completed;

10.7. You are not purchasing Tokens for any uses or purposes other than using within the Platform.

10.8. Your purchase of Tokens complies with applicable law and regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other threshold requirements in your jurisdiction for the purchase of the Tokens and entering into contracts with us, (ii) any foreign exchange or regulatory restrictions applicable to such purchase, and (iii) any governmental or other consents that may need to be obtained;

10.9. You are legally permitted to receive software and participate in the use of the MovitOn Platform;

10.10. You will comply with any applicable tax obligations in your jurisdiction that may be relevant to your purchase, holding, redemption, sale, or transfer of the Tokens;

10.11. You agree to promptly provide to the Company or its nominee, upon request, proof of identity and/or source of funds and/or other documentation or other information that the Company may request from time to time in connection with the Company’s obligations under, and compliance with, applicable laws and regulations, including but not limited to anti-money laundering legislation, regulations or guidance and/or tax information reporting or withholding legislation, regulations or guidance;

10.12. You are at at the age of majority in your country of residence and are legally able to obtain and use the Tokens;

10.13. You understand with regard to Tokens, that we make no guarantees on the Token future price or value on public markets, and that no market liquidity may be guaranteed and that the value of Tokens over time may experience volatility

10.14. You understand that you bear the sole responsibility to determine whether your interactions with the Platform, the ownership or use of the Tokens, the potential appreciation or depreciation in the value of the Tokens over time, the sale and purchase of the Tokens and/or any other action or transaction related to the MovitOn Platform may have tax implications; further, by obtaining, holding or using the Tokens, and to the extent permitted by law, you agree not to hold any third party (e.g., developers, auditors, contractors, or founders) liable for any tax liability associated with or arising from the ownership or use of the Tokens or any other action or transaction related to the MovitOn Platform;

10.15. You waive the right to participate in a class action lawsuit or a classwide arbitration against any entity or individual involved with the creation of the Tokens, as discussed more fully here;

10.16. You understand that the purchase of Tokens does not involve the purchase of shares or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction;

10.17. You understand that you have no right against any other party to request any refund of contributions submitted for the purchase of Tokens under any circumstance;

10.18. If you are purchasing Tokens on behalf of a legal entity, you are authorised to 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 (references to “you” in these Terms refer to you and such entity, jointly);

10.19 You are not (i) a citizen or resident of a geographic area in which access to or use of the MovitOn Platform is prohibited by applicable law, decree, regulation, treaty, or administrative act, (ii) a citizen or resident of, or located in, a geographic area that is subject to U.S. or other sovereign country sanctions or embargoes, or (iii) an individual, or an individual employed by or associated with an entity, identified on BIS’s Denied Persons, Unverified, or Entity Lists, or OFAC’s List of Specially Designated Nationals, Foreign Sanctions Evaders, or List of Consolidated Sanctions, or DDTC’s Debarred Parties List.

10.20. You agree not to allow anyone to use your Wallet or share your credentials with any other person for the purpose of facilitating their unauthorised access to the Token Sale. If you do share your credentials with anyone we will consider their activities to have been authorised by you. You alone are responsible for any acts or omissions that occur during the Token Sale through the use of your credentials. We reserve the right to suspend or block your access to the Token Sale upon suspicion of any unauthorised access or use, or any attempted access or use, by anyone associated with your credentials.

11. Indemnification

11.1. To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Company and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “Company Parties”) from and against all actual and threatened claims, lawsuits, demands, actions, investigations (whether formal or informal), liabilities, obligations, judgments, damages, penalties, interests, fees, losses, expenses (including attorneys’ fees and expenses), and costs (including, without limitation, court costs, costs of settlement, and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether claimed by Company Parties or third parties including governmental authorities, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract, or otherwise (collectively “Claims”) arising from or relating to (i) your acquisition or use of Tokens, (ii) the performance or non-performance of your responsibilities or obligations under these Terms, (iii) your breach or violation of these Terms, (iv) any inaccuracy in any representation or warranty made by you, (v) your violation of any rights (including, but not limited to, intellectual property rights) of any other person or entity or (vi) any act or omission of yours that is negligent, unlawful, or constitutes willful misconduct. This foregoing indemnity is in addition to, and not in lieu of, any other remedies that may be available to the Parties under applicable law.

12. Disclaimers

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN A WRITING BY US, (A) THE TOKENS ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL WARRANTIES AND REPRESENTATIONS RELATING TO THE TOKENS (WHETHER EXPRESS OR IMPLIED), INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR OTHERWISE; (B) WE DO NOT REPRESENT OR WARRANT THAT THE TOKENS ARE RELIABLE, CURRENT, ERROR-FREE, OR DEFECT-FREE, MEET YOUR REQUIREMENTS, OR THAT ANY DEFECTS WILL BE CORRECTED.

NEITHER THESE TERMS NOR ANY RELATED DOCUMENTATION OR COMMUNICATION BY THE COMPANY CONSTITUTES A PROSPECTUS OR OFFERING DOCUMENT AND IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY ANY INVESTMENT OR FINANCIAL INSTRUMENT IN ANY JURISDICTION.

NEITHER THESE TERMS NOR ANY RELATED DOCUMENTATION OR COMMUNICATION BY THE COMPANY CONSTITUTES A PROSPECTUS OR OFFERING DOCUMENT AND IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY ANY INVESTMENT OR FINANCIAL INSTRUMENT IN ANY JURISDICTION.

Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this Section may not apply to you.

13. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW: (I) IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY LOSSES OR DAMAGES OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, DIMINUTION OF VALUE, LOSS OF USE OR DATA, LOSS OR DEPLETION OF GOODWILL, LOSS OF BUSINESS OPPORTUNITY, LOSS OF CONTRACT, DAMAGES FOR BUSINESS INTERRUPTION, LOSS OF ANTICIPATED SAVINGS, OR THE LIKE) ARISING OUT OF OR IN ANY WAY RELATED TO THE SALE OR USE OF THE TOKENS OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE); AND (II) IN NO EVENT WILL THE AGGREGATE LIABILITY OF COMPANY AND THE COMPANY PARTIES (JOINTLY), WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER THEORY, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE THE TOKENS, EXCEED THE AMOUNT YOU PAY TO US FOR THE TOKENS.

THE LIMITATIONS SET FORTH IN THIS SECTION 13 WILL NOT LIMIT OR EXCLUDE LIABILITY FOR THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR RECKLESS MISCONDUCT OF COMPANY.

Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this Section may not apply to you.

14. Liabilities Release

14.1. To the fullest extent permitted by applicable law, you release the Company and the other Company Parties from responsibility, liability, claims, losses, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between you and the acts or omissions of third parties.

14.2. A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

15. Dispute Resolution; Arbitration

15.1. Binding Arbitration. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and the Company (i) waive your and the Company’s respective rights to have any and all Disputes arising from or related to these Terms resolved in a court, and (ii) waive your and the Company’s respective rights to a jury trial. Instead, you and the Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).

15.2. No Class Arbitrations, Class Actions or Representative Actions. Any Dispute arising out of or related to these Terms is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

15.3. Each Party will notify the other Party in writing of any Dispute within thirty (30) days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to the Company shall be sent by e-mail to the Company at info@empowa.io. Notice to you shall be by email to the then-current email address registered with the Company. 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 the Dispute, and (iii) the specific relief that you are seeking. If you and the Company cannot agree how to resolve the Dispute within thirty (30) days after the date notice is received by the applicable Party, then either you or the Company may, as appropriate and in accordance with this Section 15, commence an arbitration proceeding or, to the extent specifically provided for in Section 15(a), file a claim in court.

15.4. Should any dispute, disagreement or claim arise between the parties (called hereafter “the dispute”) concerning this agreement, the parties shall try to resolve the dispute by negotiation. This entails that the one party invites the other in writing to a meeting and to attempt to resolve the dispute within 7 (seven) days from date of the written invitation. If the dispute has not been resolved by such negotiation, the parties shall submit the dispute to Arbitration Foundation of UAE administered mediation, upon the terms set by the UAE government. Failing such a resolution, the dispute, if arbitrable in law, shall be finally resolved in accordance with the Rules of the Arbitration Foundation of UAE by an arbitrator or arbitrators appointed by the Foundation.

16. Powers of the arbitrator

16.1. As limited by the UAE, the arbitrator will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.

17. Arbitration Rules

17.1. Arbitration. If any term, clause or provision of this Section 15 is held invalid or unenforceable, it will be held to the minimum extent required by law, and all other terms, clauses and provisions of this Section 15 will remain valid and enforceable. Further, the waivers set forth in Section 15(b) are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.

18. Governing Law and Venue

18.1. These Terms will be governed by and construed and enforced in accordance with the laws of the UAE without regard to conflict of law rules or principles (whether of the Seychelles or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. Any Dispute between the Parties arising out of or relating to these Terms that is not subject to arbitration or cannot be heard in small claims court will be resolved and filed only in the courts of the UAE. You hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts over any suit, action or proceeding arising out of these Terms.

18.2. If any term, clause, or provision of these Terms is held to be illegal, invalid, void, or unenforceable (in whole or in part), then such term, clause, or provision shall be severable from these Terms without affecting the validity or enforceability of any remaining part of that term, clause, or provision, or any other term, clause, or provision in these Terms, which will remain in full force and effect. Any invalid or unenforceable provisions will be interpreted to effect the intent of the original provisions. If such construction is not possible, the invalid or unenforceable provision will be severed from these Terms, but the rest of these Terms will remain in full force and effect.

19. Miscellaneous

19.1. These Terms constitute the entire agreement between you and us relating to your purchase of Tokens from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms at https://www.moviton.com and include the date of the update. We may also attempt to notify you through other MovitOn websites and communications channels. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate 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.

19.2. Purchasing Tokens from us does not create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise provided in herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third-party beneficiary rights upon any other person or entity.

19.3. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form.

20. Risk Disclosures

20.1. A valid ERC20-compatible Wallet address (e.g. Metamask, MovitOn App) is required to receive your MVON Tokens. Non-compatible wallet addresses will not be accepted. In addition, the Wallet address used must not be associated with a third-party exchange or service that has custody over the private key (e.g. Coinbase, Binance, Gate.io, etc.). You must own the private key of your Wallet address.

20.2. MVON and the MovitOn Platform operate on the Polygon blockchain. As such, any malfunction, unintended function, unexpected functioning of or attack on the Polygon blockchain may cause the MovitOn Platform or MVON to malfunction or function in an unexpected or unintended manner.

20.3. Any third party that gains access to or learns of your wallet credentials or private keys may be able to dispose of your MVON Tokens. To minimize this risk, you should guard against unauthorized access to your electronic devices. Best practices dictate that you safely store private keys in one or more backup locations geographically separated from the working location. In addition, you are responsible for giving us the correct Wallet address to send you your EMP. If you give us the incorrect Wallet address to send your MVON, we are not responsible for any loss of MVON Tokens that may occur.

20.4. Regulation of tokens (including the Tokens), token offerings, or SAFT offerings, cryptocurrencies, blockchain technologies, and cryptocurrency exchanges is not yet mature and likely to rapidly evolve, varies significantly among international, federal, state and local jurisdictions, and is subject to significant uncertainty. Various legislative and executive bodies in the United States and in other countries may in the future adopt laws, regulations, guidance, or other actions, which may severely impact the development and growth of the MovitOn Platform and the adoption and utility of the Tokens. Failure by the Company or certain users of the Platform to comply with any laws, rules, and regulations, some of which may not exist yet or are subject to interpretation and may be subject to change, could result in a variety of adverse consequences, including civil penalties and fines. As distributed ledger networks and distributed ledger assets have grown in popularity and in market size, federal and state agencies have begun to take an interest in and, in some cases, regulate their use and operation. To the extent that a domestic government or quasi-governmental agency exerts regulatory authority over a distributed ledger network or asset, the Platform and Tokens may be materially and adversely affected. Distributed ledger networks also face an uncertain regulatory landscape in many jurisdictions such as the United States, the European Union, China, and Russia. Various foreign jurisdictions may, in the near future, adopt laws, regulations or directives that affect the Platform. Such laws, regulations or directives may be in conflict with each other or may directly and negatively impact our business. The effect of any future regulatory change is impossible to predict, but such change could be substantial and materially adverse to the development and growth of the Platform and the adoption and utility of the Tokens.

20.5. New or changing laws and regulations or interpretations of existing laws and regulations, in the United States and other jurisdictions, may materially and adversely impact the value in which the Tokens may be exchanged, the liquidity and use of the Tokens, and the structure, rights, and transferability of Tokens

20.6. It is possible that alternative platforms could be established that utilise the same or similar features underlying the MovitOn Platform and attempt to facilitate services that are materially similar to the Services on the MovitOn Platform. We may compete with these alternative platforms, which could negatively impact to the Token value.

20.7. It is possible that the MovitOn Platform will not be used by a large number of businesses, individuals, and other organisations and that there will be limited public interest in purchasing MVON to fund housing developments. Because the success of the Platform also depends, in part, on the growth and adoption of the use of the Polygon blockchain framework, such a lack of interest could negatively impact to the MVON Token price and value.

20.8. The MovitOn Platform may undergo significant changes over time. Moreover, we may limit control over how other participants will use the Platform, what services may be offered through the MovitOn Platform by third parties, or how third-party services will utilise the Tokens (if at all). This could create the risk that Tokens or the MovitOn Platform may not meet your expectations at the time of purchase, for any number of reasons including mistaken assumptions or analysis, a change in the design and implementation plans, and execution of the Platform. Furthermore, despite our good faith efforts to develop, complete, and participate in the Platform, it is still possible that the MovitOn Platform will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the MovitOn Platform and Tokens.

20.9. Because Tokens currently confer no governance rights of any kind with respect to the Platform or the Company, all decisions involving the Company’s products or services within the Platform or the Company itself will be made by the Company at its sole discretion, including, but not limited to, decisions to discontinue its products or services on the MovitOn Platform, to create and sell more Tokens for use on the MovitOn Platform, or to sell or liquidate the Company. These decisions could adversely affect the MovitOn Platform and the utility of any Tokens you own, including their utility for obtaining Services.

20.10. The Network may be subject to significant conceptual, technical and commercial changes. An upgrade to how MVON is used may be required and, if you decide not to participate in such an upgrade, you may no longer be able to use your Tokens, and any non-upgraded MVON Token may lose their functionality in full

20.11. The Company may consider some technology that it develops to be proprietary. Our ability to compete depends in part upon our ability to protect our rights to the technology that we develop. The Company may also rely on trademark, copyright, and trade secret law to protect its rights. However, these laws offer only limited protection. In addition, other countries may provide the Company with little to no intellectual property right protection. As the number of distributed ledger products and services available to consumers increase, and as the uses of such products and services overlap, companies in the industry may become subject to additional intellectual property disputes. Any litigation to protect our intellectual property rights would be expensive, time-consuming, and unpredictable. Such litigation could adversely affect our business, including our financial condition, regardless of the outcome. There can be no assurances that any steps taken to protect intellectual property rights will be successful in deterring misappropriation or independent third-party development of our technology. Similarly, third parties may assert infringement and misappropriation claims against us. Regardless of the merit, these actions could distract management from our business and adversely affect our financial condition and operating revenues. The Company may need to enter into confidentiality agreements with its consultants, business partners and investors in an attempt to protect the Company’s proprietary rights. Nevertheless, these attempts to protect our proprietary rights may be inadequate. If the Company is unable to protect its intellectual property, the utility of the Tokens may decline or diminish and the Platform may fail.

20.12. Unanticipated Risks: Cryptographic tokens are a relatively new and untested technology. In addition to the risks discussed in these Terms, there are risks that the Empowa team cannot anticipate. Further risks may materialise as unanticipated combinations or variations of the discussed risks or the emergence of new risks.

VAERTECH Solution FZCO
Building A1,office 56240 - 001 Dubai Digital Park
Dubai, United Arab Emirates
E-mail address: info@moviton.com