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Asociados Carajo Inc.

Terms and conditions of Launchpool Last revised Date 8th Feb 2024

1. Introduction

These Terms and Conditions ("Terms") form a legally binding agreement between you ("User" or "You") and Asociados Carajo Inc. ("Launchpool" or "We"), a corporation duly organised under the laws of the Republic of Panama. By accessing, registering, downloading, using, clicking on, or purchasing services, tools, and information made available through the Launchpool website, you and Launchpool, herein referred to individually as "Party" and collectively as "Parties," agree to these Terms.

Before using this website, please read these Terms and our Privacy Policy carefully. By using the website in any capacity, you acknowledge and agree that: (i) you have read and familiarise yourself with these Terms; (ii) you understand these Terms; and (iii) you consent to be bound by these Terms. If you disagree with these Terms, you must immediately cease using this website.

We reserve the right to modify or amend these Terms, the website, or any content on the website at any time, including for security, legal, or regulatory reasons, or to reflect updates or changes to the service or functionality of the website. We recommend that you review these Terms periodically to ensure you are informed of and compliant with the current version. Changes become binding on users of the website immediately upon the posting of the revised documentation on the website. Your continued use of the website, tools, and information made available constitutes your acceptance of such changes.

Notice of changes to the Terms will be posted on the Site. We consider this notice sufficient to inform you of such changes. We advise you to seek professional advice regarding any tax and legal obligations you must fulfil as a user of this website, our tools, and services.

2. Definitions

"AML" refers to Anti-Money Laundering.

"Applicable Laws" encompasses any acts, statutes, regulations, ordinances, treaties, guidelines, and policies issued by governmental organisations or regulatory bodies, including but not limited to those under Panama's Governing Law.

"CFT" stands for Combating the Financing of Terrorism.

"Content" includes all materials on the Launchpool Platform, such as logos, marks, images, illustrations, designs, icons, photographs, videos, texts, and other written and multimedia elements, alongside any software, code, data, files, archives, folders, or downloads available.

"Digital Assets" are stable coins, cryptocurrencies, and alt-coins accepted by Launchpool.

"Prohibited Jurisdictions" include the Afghanistan, American Samoa, Angola, Armenia, Azerbaijan, Balkans, Belarus, Bosnia and Herzegovina, Botswana, Burma (Myanmar), Burundi, Cambodia, Cameroon, Canada, Central African Republic, Chad, Crimea of Ukraine, Cuba, Democratic People's Republic of Korea, Democratic Republic of the Congo, England and Wales, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Japan, Laos, Lebanon, Liberia, Libya, Madagascar, Mali, Mozambique, Nicaragua, Northern Mariana Islands, Pakistan, Puerto Rico, Republic of the Congo, Russia, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United Kingdom, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands (U.S.), Yemen, Zimbabwe and any other jurisdictions as determined by Launchpool.

"Stable Coins" are coins pegged against real dollars at a 1:1 rate, including Tether ("USDT"), USD Coin ("USDC"), and others accepted by Launchpool.

"Launchpool Platform" refers to the Launchpool website and any other official communication channels made available for accessing Launchpool's services, subject to periodic revision.

"$LPOOL Token" is a cryptographic digital token created and released by Asociados Carajo Inc. It grants users access to features offered by the Launchpool website.

"Launchpool Account" is a virtual account opened with Launchpool, allowing Users to utilise our services.

3. General Provisions

3.1. Contractual Relationship

These Terms form a valid and enforceable agreement between You and Launchpool, under the laws of the Republic of Panama. The obligations outlined herein are legally binding.

3.2. Revision and Amendments

Launchpool reserves the right, at its sole discretion, to revise, amend, or update any part of these Terms at any time. Such changes will be effective upon posting on the Launchpool Platform, and the 'Last Revised Date' at the top of the Terms and Conditions page will be updated accordingly. Your continued use of the Launchpool services after any such changes constitutes your acceptance of the new Terms. If you do not agree to any revised terms, you must stop using the Launchpool services immediately.

3.3. Privacy Policy

By using the Launchpool Platform, you acknowledge having read, understood, and agreed to our Privacy Policy, which outlines how we handle and protect your personal information in compliance with Panamanian data protection laws.

3.4. Use of the Website

  • 3.4.1. You agree to comply with all applicable domestic and international laws, statutes, ordinances, and regulations regarding your use of the website and not to use the website or its content for any unlawful purposes.
  • 3.4.2. You are responsible for all charges and fees related to accessing the website through your internet or mobile provider.
  • 3.4.3. You must ensure that any device you use to access the website is compatible and updated as necessary.
  • 3.4.4. You must not upload or share any content that is illegal, offensive, or infringes on the rights of others.
  • 3.4.5. It is your responsibility to secure your account credentials.
  • 3.4.6. Abusing, harassing, or threatening others is strictly prohibited.
  • 3.4.7. You are solely responsible for your behaviour and any content you share on the website.
  • 3.4.8. Modifying, adapting, or hacking the website to falsely imply association with Launchpool is prohibited.
  • 3.4.9. Automated data collection on the website without authorization is not allowed.
  • 3.4.10. Creating or distributing unsolicited content to users is forbidden.
  • 3.4.11. Distributing malware or harmful code is prohibited.
  • 3.4.12. The website must not be used for unauthorised advertising, political campaigns, or competing services.
  • 3.4.13. Launchpool reserves the right to take appropriate action against any misuse of the website, including legal and enforcement reporting.

3.5. Links to and from the Website

  • 3.5.1. Links to third-party websites are provided for convenience and do not imply endorsement.
  • 3.5.2. You bear the responsibility for the use of any content from third-party websites accessed through Launchpool.
  • 3.5.3. Launchpool is not responsible for third-party content or software.

3.6. Availability of the Website

  • 3.6.1. The website is provided "as is" and "as available," without warranties of uninterrupted access.
  • 3.6.2. Launchpool reserves the right to restrict access to the website at its discretion.
  • 3.6.3. Launchpool may impose restrictions on your use of the website and may withdraw access without notice due to various reasons, including breach of these Terms.

4. Intellectual Property

  • 4.1. Any remarks, suggestions, ideas, materials, or other information you provide through this Site become the property of Asociados Carajo Inc. You are responsible for the content of your submissions, ensuring their accuracy, legality, reliability, originality, and compliance with copyright laws. We reserve the right, at our sole discretion, to refuse, remove, edit, or abridge any submission and to disclose submissions as necessary for legal compliance or in response to governmental requests.
  • 4.2. Except as stated in clause 4.4, Asociados Carajo Inc. owns all intellectual property rights, including present and future copyrights, trademarks, design rights, and database rights, related to the Site and Launchpool.
  • 4.3. If any intellectual property rights automatically vest in you by law, you agree to perform all necessary actions and execute all documents to assign these rights back to Asociados Carajo Inc., as requested.
  • 4.4. You retain copyright in the data you upload or submit to the Site but grant Asociados Carajo Inc. a worldwide, exclusive, royalty-free, perpetual licence to use, copy, distribute, publish, and transmit such data.
  • 4.5. We do not guarantee that the content on the Site does not infringe on third-party rights.
  • 4.6. You agree not to disclose any confidential information obtained through Launchpool to anyone, except as required by law or for the purposes of transactions with Launchpool. "Confidential Information" includes all information related to Asociados Carajo Inc., its users, or any business disclosed through Launchpool.

5. Copyright and Trademarks

  • 5.1. The content of the website, including text, graphics, logos, and images, is owned by Asociados Carajo Inc. or its licensors and is protected by copyright, trademark, and other intellectual property laws of Panama and international laws.
  • 5.2. You are authorised to download and print content from this website for personal use or as necessary for accessing services provided on this website. Any reproduction, modification, redistribution, or use of website content for other purposes requires express written consent from Asociados Carajo Inc.
  • 5.3. Direct personal viewing of the website via your web browser is permitted under these Terms. No part of the website may be reproduced, stored, modified, adapted, uploaded, framed, performed, or transmitted without our explicit written consent.

6. Launchpool Account Registration and Requirements

6.1. Registration

To access Launchpool services, you must first register for a Launchpool account at www.launchpool.xyz, providing accurate and complete information including your real name, email address, and a secure password. You are required to keep this information up to date. Launchpool reserves the right to refuse the opening of an account if the information provided is found to be outdated, incomplete, or incorrect.

6.2. Eligibility

By registering for a Launchpool account, you affirm that you:

Are at least 18 years old with full legal capacity to enter into this agreement.

Are not located in or a citizen of any Prohibited Jurisdictions as defined by Launchpool.

Have not been previously suspended or banned from using Launchpool services.

Will not use Launchpool services in any manner that violates applicable laws, including but not limited to AML and CFT regulations.

6.3. Identity Verification

Information provided during registration will be used for identity verification purposes in line with KYC/AML/CFT procedures to prevent money laundering, terrorist financing, fraud, and other financial crimes. Launchpool will maintain your information in compliance with our Privacy Policy and may perform additional checks as required by law or for safety reasons.

6.4. Account Usage

Launchpool accounts are for individual use by the registrant only. Any unauthorised access or use of your account should be reported to Launchpool immediately. We are not liable for losses or damages resulting from unauthorised account use.

6.5. Prohibited Uses

Launchpool strictly prohibits deposits from:

  • Mixing services that obscure fund origins.
  • Exchanges without adequate KYC procedures.
  • Gambling sites.
  • Darknet marketplaces.
  • Violating these policies may lead to account closure and fund forfeiture.

6.6. Account Security

You are responsible for maintaining the confidentiality of your account credentials and for all activities under your account. Launchpool implements industry-standard security measures, but the security of your account also depends on your precautions. Notify Launchpool promptly of any unauthorised account use or security breach.

Launchpool Services

7. Representations and Warranties

7.1. You hereby agree to make the following representations and warranties to Launchpool:

  • 7.1.1. You are the exclusive owner of the Digital Assets deposited in your Launchpool account;
  • 7.1.2. You validly undertake any actions or enter into any transaction with regard to these Terms;
  • 7.1.3. The Digital Assets, which you shall deposit in your Launchpool account, or Launchpool's managed fund, shall not be derived from money laundering, terrorist financing, fraud, or any other illegal activities under any applicable law;
  • 7.1.4. You shall provide only accurate, complete, and up-to-date information and documents, if any, for the purpose of accessing or using Launchpool Services on Launchpool Platform;
  • 7.1.5. You shall understand and be aware of risks associated with accessing or using Launchpool services and you shall be fully liable at your own risk;
  • 7.1.6. You shall use Launchpool Services through Launchpool Platform in good faith and shall not use for the purpose of concealing, or disguising the origin or nature of the proceeds derived from illegal or criminal activities;
  • 7.1.7. You shall be aware that you are subject to Tax regulation in your jurisdiction and shall be fully responsible for any filling/reporting and paying any tax as required by the Applicable Laws. Launchpool shall not be responsible to compensate you for your tax obligations or advise you in relation to your tax issues. Any uncertainties and unpredictable matters in tax legislation with respect to Digital Assets may expose you to any unknown or unforeseeable tax implications associated with your holding of Digital Assets and the use of Launchpool services, for which Launchpool shall have no liability. Also, you shall hold Launchpool harmless from any expenses and losses, resulting from the unknown or unforeseeable tax implications;
  • 7.1.8. You shall not breach any terms stipulated in these Terms, and the Privacy Policy, or any Applicable Laws in any relevant jurisdictions;
  • 7.1.9. You shall not interfere, intercept, or expropriate our network system, data, or information;
  • 7.1.10. You shall not transmit, or upload any virus or other malicious software program, or try to gain unauthorised access to other accounts, websites, networks or systems relating to Launchpool Services;
  • 7.1.11. You shall not decompile, reverse engineer, or disassemble any our programs, systems or products, or in any way infringe our Intellectual Property rights;
  • 7.1.12. You shall not cause or launch any programs or scripts for the purpose of scraping, indexing, surveying, or otherwise data mining any portion of any of our programs, systems or products.

7.2. You shall inform Launchpool about any changes in your information and documents, if any, provided or submitted to Launchpool, particularly your contact details, within one (1) day as of change.

7.3. You shall defend, indemnify, and hold harmless Launchpool, its affiliates, each of their respective employees, officers, directors, and representatives from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney's fees), arising out of or relating to any third-party claim concerning these Terms, or your use of Launchpool Services in violation of these Terms and applicable law.

7.4. Each of Representations and Warranties shall survive and continue to have full force and effect after the execution of these Terms.

7.5. Launchpool makes no representation, warranty, or guarantee to you of any kind. Launchpool Platform and Services are offered strictly on an as-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

8. Forks

Launchpool and third parties may from time to time create a copy of a digital asset network and implement changes in operating rules or other features ("Forks") that may result in more than one version of a network (each, a "Forked Network") and more than one version of a digital asset ("Forked Assets").

Forked Networks and the available supply of any Forked Assets are wholly outside of the control of Launchpool and our ability to deliver Forked Assets resulting from a Forked Network may depend on third parties outside of Launchpool's control. You understand and acknowledge that Forks may materially affect the value, function, and even the name of the digital assets associated with your Launchpool Account. In the event of a Fork, Launchpool may temporarily suspend certain services on the Online Platform (with or without advance notice to you) while we determine, at our sole discretion, which Forked Network(s) to support. Launchpool IS UNLIKELY TO SUPPORT MOST FORKED NETWORKS AND MOST FORKED ASSETS WILL LIKELY NOT BE MADE AVAILABLE TO YOU. Launchpool MAY DETERMINE, IN OUR SOLE DISCRETION, NOT TO SUPPORT A FORKED NETWORK.YOU HAVE NO RIGHT, CLAIM, OR OTHER PRIVILEGE AGAINST Launchpool FORKED ASSETS ON SUCH UNSUPPORTED FORKED NETWORK. Launchpool MAY, IN OUR SOLE DISCRETION, DETERMINE OUR APPROACH TO SUCH FORKED ASSETS, WHICH MAY INCLUDE ABANDONING OR OTHERWISE ELECTING NOT TO SUPPORT SUCH FORKED ASSETS AS PART OF OUR SERVICES.

9. Risk Disclosure

By accessing or using Launchpool Services, you expressly acknowledge and assume the risks as follows:

9.1. Risk of loss in value Digital Assets are not issued by any central banks or national, supra-national, or quasi-national organisations. They are also not backed by any hard assets or other credit. The value of Digital Assets are affected by several factors, including but not limited to, the total number of Digital Assets in existence, the continued willingness of market participants to exchange government-issued currency for Digital Assets, purchasers' expectations with respect to the rate of inflation of fiat currencies, purchasers' expectations with respect to the rate of deflation of cryptocurrencies, interest rates, currency exchange rates, cyber theft of cryptocurrencies from online digital wallet providers, or news of such theft from such providers or individuals' digital wallets, investment and trading activities of large investors, monetary policies of the governments, trade restrictions, currency devaluations and revaluations, regulatory measures, the global or regional political, economic or financial events and situations. Thus, all these factors shall affect the value of Digital Assets, which may result in the permanent partial or total loss of the value of a particular Digital Asset. No one shall be obliged to guarantee the liquidity or the market price of any of the Digital Assets deposited by you into the Launchpool account. The volatility and unpredictability of the value of Digital Assets relative to the government-issued currency may result in a significant loss over a short period of time.

9.2. The regulatory regime governing Digital Assets The regulatory framework relating to Digital Assets remains unsettled, and any laws, regulations, or guidelines may be significantly revised and amended which shall materially and adversely affect the value of Digital Assets and your services on Launchpool Platform as follows.

  • 9.2.1. Regulations of the use, transfer, and exchange of Digital Assets in various jurisdictions are currently undeveloped or underdeveloped and likely to evolve rapidly. One or more countries shall take regulatory actions in the future that are severely restricted, which may directly or indirectly affect or restrict Launchpool Services provided to Users.
  • 9.2.2. To the extent that Launchpool may be required to obtain licences, permits, and/or approvals in any jurisdictions to offer Launchpool Services, but are unable to obtain such Regulatory Approvals or if such Regulatory Approvals are not renewed or revoked for any reasons, the Users in such jurisdictions shall be unable to access or use Launchpool Services.
  • 9.2.3. It is difficult to predict how or whether governments or regulatory authorities may implement any changes to laws and regulations affecting the use, transfer, and exchange of Digital Assets. In the case where Launchpool may be requested or forced to suspend or discontinue or to change the operation of Launchpool Services in any jurisdictions required by laws and the authorities, your Launchpool may be frozen for an indefinite period of time until the matter is solved. You shall be responsible for determining whether the use of Launchpool Services is legal in your jurisdiction, and you shall not access or use Launchpool Services if they are illegal in your jurisdiction. If you are uncertain on the legal status of Digital Assets in your jurisdiction, please seek independent advice from your legal advisor.

9.3. Technical and System Failure affected the obligations stipulated in these Terms

Launchpool may experience system failures, unplanned interruptions in its network or services, hardware or software defects, security breaches or other causes that could adversely affect Launchpool's infrastructure network, which includes Launchpool Website.

Launchpool is unable to anticipate when there would be the occurrence of hacks, cyber-attacks, mining attacks, including but not limited to double-spend attacks, majority mining power attacks and selfish-mining attacks, distributed denial of services or errors, vulnerabilities or defects in Launchpool, $LPOOL Token, Users' accounts, Users' wallets or any technology, including but not limited to smart contract technology. Also, Launchpool is unable to detect these hacks as mentioned earlier, mining attacks, cyber-attacks, distributed denial of services errors, vulnerabilities or defects in a timely manner and does not have sufficient resources to efficiently cope with multiple services incidents happening simultaneously or in rapid succession.

In addition, Launchpool's network or Services, including the Launchpool Platform, could be disrupted by numerous events, including natural disasters, equipment breakdown, network connectivity downtime, power losses, or even intentional disruptions of its services, such as disruptions caused by software viruses or attacks by unauthorised users, some of which are beyond Launchpool's control. Although Launchpool has taken steps against malicious attacks on its appliances or its infrastructure, which are critical for the maintenance of the Launchpool Platform and its services, there can be no assurance that cyber-attacks, such as distributed denials of service, shall not be attempted in the future, and that Launchpool's enhanced security measures shall be effective. Any significant breach of Launchpool's security measures or other disruptions resulting in a compromise of the usability, stability and security of Launchpool's network or services, including the Launchpool Platform, may adversely affect the $LPOOL Tokens.

9.4. Launchpool shall have no liability for any delay, error, interruption or failure to perform any obligation under these Terms where the delay or failure is directly or indirectly resulting from any causes beyond Launchpool's control, including but not limited to;

  • 9.4.1. Acts of God, nature, court of government;
  • 9.4.2. Failure or interruption in public or private telecommunication networks, communication channels or information system;
  • 9.4.3. Acts or omission of acts of a party for whom we are not responsible;
  • 9.4.4. Delay, failure or interruption in, or unavailability of, third-party services;
  • 9.4.5. Strikes, lockouts, labour disputes, wars, terrorist acts and riots.
  • 9.5. YOU UNDERSTAND AND AGREE THAT YOU USE Launchpool SERVICES AT YOUR RISKS. THIS CLAUSE IS NOT EXHAUSTIVE AND DOES NOT DISCLOSE ALL THE RISKS ASSOCIATED WITH DIGITAL ASSETS AND THE USE OF SERVICES. THEREFORE, YOU ARE RECOMMENDED TO CAREFULLY CONSIDER WHETHER SUCH USE IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL POSITIONS.

10. Limitation of Liability

10.1. Notwithstanding any provisions in these Terms, in no event, shall either Party be liable to the other for any type of incidental, special, exemplary, punitive, indirect or consequential damages, including but not limited to lost revenue, lost profits, loss of your credential information (username and password), replacement goods, loss of technology, loss of data, or interruption of loss of use of service or equipment, even if such Party was advised of the possibility of such damages, and whether arising under a theory of contract, tort, strict liability or otherwise. Launchpool shall also have no liability for your emergency and unforeseeable incidents related to your use of Launchpool Services such as stolen password or hacked accounts.

10.2. Neither we nor any of our agents shall be liable for (i) the management or performance of your Digital Assets (including any reduction in the value), and (ii)any taxes or duties payable in respect of your Digital Assets.

10.3. Except as expressly provided in these Terms, to the maximum extent permitted by any Applicable Laws, we disclaim all other representations or warranties, express or implied, made to you, your affiliates or any other person, including without limitation any warranties regarding the quality, suitability, merchantability, fitness for a particular purpose or otherwise (regardless of any course of dealing, custom or usage of trade) of any service or any goods provided incidental to Launchpool services under these Terms.

Our liabilities in respect of representations and warranties that are excluded under these Terms, at our option, is limited to any one of resupplying, replacing or repairing or paying the cost of the resupplying, replacement or repairing or paying the cost of resupplying the services in respect of which the breach occurred.

In no event will our aggregate liability for any loss or damage arising in connection with Launchpool Services exceed the fees you paid to Launchpool for your use of Launchpool Services, if any, during the twelve (12) month period immediately preceding the event giving rise to the claim for liability. The foregoing limitations of liability shall apply to the fullest extent permitted by any Applicable Laws.

10.4. Launchpool shall have no liability for any Third-Party Services providers to Users.

Launchpool makes no representations or warranties whatsoever, expressed or implied, as to the accuracy, totality, timeliness, appropriateness, suitability, or vigour for any purpose or use of such Third-Party Services, products, services and information, customer and technical support or web presence or any of their presentations or representations. You shall acknowledge and agree that Launchpool shall not be liable in any way for the use of such Third-Party Services, i.e. the third-party wallets.

11. Indemnify

11.1. You irrevocably undertake to fully indemnify and hold harmless each of Launchpool, its shareholders, officers, directors, employees, and agents and their respective successors, heirs and assigns promptly upon demand at any time and from time to time, from and against any and all losses, claims, actions, proceedings, damages, demands, judgements, sums, liabilities, damages, costs, charges and expenses, including but not limited to any reasonable attorney's fees, or penalties imposed by any regulatory authority, and reimbursements arising out of or related to the following situations:

  • 11.1.1. Your use of, or conduct in accordance with Launchpool Services;
  • 11.1.2. Your breach of or our enforcement of these Terms;
  • 11.1.3. Your violations of any Applicable Laws, regulation, or rights of any third party during your use of Launchpool Services. If you are obligated to indemnify Launchpool, its group companies, shareholders, officers, directors, employees, and agent and their respective successors, Launchpool shall have the right, at our sole discretion, to control any action or proceeding and to determine whether Launchpool wishes to proceed, or settle, and if so, on what terms or provisions.

12. Termination

12.1. These Terms shall be immediately terminated by closing your Launchpool account and discontinuing your use of Launchpool Services.

12.2. These Terms and Launchpool Services can be terminated upon written notice by Launchpool if there is reasonable ground to believe that you breach any terms or provisions stipulated in these Terms, or you do not comply with these Terms.

12.3. In the event that your suspended or closed Launchpool account has an outstanding balance, you shall not be entitled to recover the relevant Digital Assets, together with the Interests accrued thereon unless Launchpool is prohibited by any Applicable Laws or a court order to release such, including but not limited to the case that Launchpool has reasonable ground to suspect that Digital Assets or the funds used for the purchase of Digital Assets were obtained through fraud, illegal means, or connected with any criminal activities.

12.4. The termination of these Terms shall not prevent Launchpool from seeking any remedies from you in the case where you breach any terms or provisions before such termination.

12.5. Any ongoing obligation on you, and the provision regarding (i) Launchpool's intellectual Property (ii) No solicitation or Offering (iii) indemnification (iv) Limitation of liability and (v) any other provisions designed to survive, will survive any termination or expiration of the Terms for any reason.

12.6 Where an account has an outstanding amount of project tokens owed through vesting on the Launchpool platform. The account must remain open to receive said tokens. Any closure of the account releases any rights to outstanding vested tokens.

12.7 Where an account is closed by request of an individual user of the Launchpool platform the account forfeits all rights to any project tokens or any investments previously made where digital assets have not, or can not, be removed from the platform smart contracts. This includes any stable coins deposited into a smart contract as investment in a project offered by Launchpool but has not yet started to release the project token.

13. Notice/Announcement

Any notice required or made under these Terms from Launchpool to you shall be considered validly received when addressed to your last contact information, including but not limited to the latest used email address, mailing address or phone number. Additionally, Launchpool may provide notices through publishing on Launchpool Website.

13.1. Any notice required or made under these Terms by you to Launchpool shall only be made through an email in English, sent to [email protected].

14. No Financial and Legal Advice

Launchpool is not your broker, intermediary, agent, or legal advisor and has no fiduciary relationship or obligation to you in connection with any decisions or activities affected by you using Launchpool. No communication or information provided to you by Launchpool is intended as or shall be considered or construed as, investment advice, financial advice, legal advice, or any other sort of advice. All Savings and Investment Services shall be executed automatically based on the parameters of your consideration. You shall be solely responsible for determining whether any Savings, Investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance. You shall be solely responsible for any loss or liability therefrom. Before making any investment decisions, you should conduct your due diligence and consult with your independent financial, legal, or tax professionals. Launchpool shall not be liable for the decisions you make to access or use Launchpool Services.

15. Confidentiality

15.1. Subject to the Privacy Policy, you hereby expressly and irrevocably permit and authorise Launchpool, its employees, and/or any other persons authorised by Launchpool to disclose all information provided by you to Launchpool for any purposes stipulated in these Terms.

15.2. However, the confidentiality obligation shall not apply to the followings:

  • 15.2.1. any information which becomes generally known to the public, other than by reason of any willful or negligent act or omission of Launchpool or any of their respective Representatives;
  • 15.2.2. any information which is required to be disclosed according to any applicable law or any requirement of any competent governmental or statutory authority or according to rules or regulations of any relevant regulatory, administrative or supervisory body (including but not limited to any relevant stock exchange or securities council);
  • 15.2.3. any information which is required to be disclosed according to any legal procedures issued by any courts or tribunals.

15.3. The obligations contained in this Clause shall endure, even after the termination of your account or discontinuing Launchpool Services in accordance with and as permitted by the provisions of these Terms, within five (5) years after terminating your Launchpool account except and until any confidential information enters the public domain.

16. Governing Law, Resolving Disputes, Arbitration and Class Action Waiver

PLEASE READ THIS SECTION CAREFULLY, AS IT INVOLVES A WAIVER OF CERTAIN RIGHTS TO BRING LEGAL PROCEEDINGS, INCLUDING AS A CLASS ACTION.

16.1. Notice of Claim and Dispute Resolution Period

Please contact Launchpool first! Launchpool wants to address your concerns without resorting to formal legal proceedings, if possible. If you have a dispute with Launchpool, then you should contact Launchpool and a case number will be assigned. Launchpool will attempt to resolve your dispute internally as soon as possible.

The parties agree to negotiate in good faith to resolve the dispute (which discussions shall remain confidential and be subject to applicable rules protecting settlement discussions from use as evidence in any legal proceeding).

16.2. Agreement to Arbitrate

You and Launchpool agree that, subject to paragraph 13.1 above, any dispute, claim, or controversy between you and Launchpool arising in connection with or relating in any way to these Terms or to your relationship with Launchpool as a user of Launchpool Services (whether based in contract, tort, statute, fraud, misrepresentation, or any other legal theory, and whether the claims arise during or after the termination of these Terms) will be determined by mandatory final and binding individual (not class) arbitration, except as set forth below under Exceptions to Agreement to Arbitrate. You and Launchpool further agree that the arbitrator shall have the exclusive power to rule on his or her own jurisdiction, including without limitation any objections with respect to the existence, scope or validity of the Agreement to Arbitrate, or to the arbitrability of any claim or counterclaim. Arbitration is more informal than a lawsuit in court. THERE IS NO JUDGE OR JURY IN ARBITRATION, AND COURT REVIEW OF AN ARBITRATION AWARD IS LIMITED. There may be more limited discovery than in court. The arbitrator must follow this agreement and can award the same damages and relief as a court (including, if applicable, attorney fees), except that the arbitrator may not award declaratory or injunctive relief benefiting anyone but the parties to the arbitration. The arbitration provisions set forth in this Section will survive termination of these Terms.

Arbitration Rules. The arbitration shall be subject to the Rules of Arbitration of the International Chamber of Commerce (the "ICC") then in force (the "ICC Rules"). The arbitration will be administered by the International Court of Arbitration of the ICC. Unless the parties agree otherwise, there shall be only one arbitrator appointed in accordance with the ICC Rules. The arbitration will be conducted in accordance with the Arbitration and Conciliation Laws of Panama, utilising a single arbitrator agreed upon by both parties or appointed according to the said laws. All arbitration proceedings shall be conducted in Spanish or English, based on mutual agreement.

Regardless of the manner in which the arbitration is conducted, the arbitrator shall issue a reasoned written decision sufficient to explain the essential findings and conclusions on which the decision and award, if any, are based. JUDGEMENT ON ANY ARBITRAL AWARD MAY BE GIVEN IN ANY COURT HAVING JURISDICTION OVER THE PARTY (OR OVER THE ASSETS OF THE PARTY) AGAINST WHOM SUCH AN AWARD IS RENDERED. Time for Filing: ANY ARBITRATION AGAINST Launchpool MUST BE COMMENCED BY FILING A REQUEST FOR ARBITRATION WITHIN ONE (1) YEAR, AFTER THE DATE THE PARTY ASSERTING THE CLAIM FIRST KNOWS OR REASONABLY SHOULD KNOW OF THE ACT, OMISSION OR DEFAULT GIVING RISE TO THE CLAIM; AND THERE SHALL BE NO RIGHT TO ANY REMEDY FOR ANY CLAIM NOT ASSERTED WITHIN THAT TIME PERIOD. THIS ONE YEAR LIMITATION PERIOD IS INCLUSIVE OF THE INTERNAL DISPUTE RESOLUTION PROCEDURE SET FORTH IN PARAGRAPH 1 OF THIS SECTION, ABOVE. THERE SHALL BE NO RIGHT TO ANY REMEDY FOR ANY CLAIM NOT ASSERTED WITHIN THAT TIME PERIOD. If applicable law prohibits a one-year limitation period for asserting claims, any claim must be asserted within the shortest time period permitted by applicable law. Process; Notice: The party who intends to seek arbitration after the expiration of the Dispute Resolution Period set forth in paragraph 1, above, must submit a request to the ICC in accordance with the ICC Rules. If we request arbitration against you, we will give you notice at the email address or mailing address you have provided. You agree that any notice sent to this email or mailing address shall be deemed effective for all purposes, including without limitation to determinations of adequacy of service. It is your obligation to ensure that the email address and/or mailing address on file with Launchpool is up-to-date and accurate. Seat of Arbitration: The seat of the arbitration shall be Panama. Place of Hearing: The location of any in-person arbitration hearing shall be in Panama, unless otherwise agreed to by the parties. Governing Law / Jurisdiction: The governing law of the arbitration shall be Panama. Confidentiality. The parties agree that the arbitration shall be kept confidential. The existence of the arbitration, any nonpublic information provided in the arbitration, and any submissions, orders or awards made in the arbitration (together, the "Confidential Information") shall not be disclosed to any non-party except the tribunal, the ICC, the parties, their counsel, experts, witnesses, accountants and auditors, insurers and reinsurers, and any other person necessary to the conduct of the arbitration. Notwithstanding the foregoing, a party may disclose Confidential Information to the extent that disclosure may be required to fulfil a legal duty, protect or pursue a legal right, or enforce or challenge an award in bona fide legal proceedings. This confidentiality provision shall survive termination of these Terms and of any arbitration brought pursuant to these Terms.

16.3. Class Action Waiver.

You and Launchpool agree that any claims relating to these Terms or to your relationship with Launchpool as a user of Launchpool Services shall be brought against the other party in an arbitration on an individual basis only and not as a plaintiff or class member in a purported class or representative action. You and Launchpool further agree to waive any right for such claims to be brought, heard, or arbitrated as a class, collective, representative, or private attorney general action, to the extent permissible by applicable law. Combining or consolidating individual arbitrations into a single arbitration is not permitted without the consent of all parties, including Launchpool.

Governing Law and Jurisdiction

Governing Law: These Terms and any dispute arising from them will be governed by the laws of Panama, without regard to its conflict of law principles.

Jurisdiction for Non-Arbitrable Disputes: If for any reason a dispute proceeds in court rather than in arbitration, both parties consent to exclusive jurisdiction and venue in the courts of Panama.

Seat and Place of Arbitration: The seat of arbitration shall be Panama, and any in-person hearings will take place in Panama unless mutually agreed otherwise.

This section, including the provisions for arbitration and the class action waiver, will survive any termination of these Terms.

16.4. Modifications

Launchpool reserves the right to update, modify, revise, suspend, or make any future changes to Section 13.2 regarding the parties' Agreement to Arbitrate, subject to applicable law. You hereby consent and agree that it is your responsibility to ensure that your understanding of this Section is up to date. Subject to the applicable law, your continued use of your Launchpool account shall be deemed to be your acceptance of any modifications Section 13 regarding the parties' Agreement to Arbitrate. You agree that if you object to the modifications to Section 13, Launchpool may block access to your account pending closure of your account. In such circumstances, the Terms of Use prior to modification shall remain in full force and effect pending closure of your account.

17. Miscellaneous

17.1. Severability If any provisions of these terms are found by the court of competent authorities to be invalid, void, unlawful or unenforceable under any applicable law, such unenforceability or invalidity shall not render these Terms unenforceable or invalid as a whole, and such provisions shall be deleted without affecting the remaining provisions herein. If any part of these Terms is deemed invalid or unenforceable by a court or competent authority in Panama, such invalidity or unenforceability will not affect the validity of the remaining parts of these Terms, which will remain in full force and effect.

17.2. Variation of Terms Launchpool has the right to revise these Terms, at our sole discretion at any time, and by using the Launchpool Website, you shall be expected to review such Terms regularly to ensure that you understand all provisions stipulated in these Terms.

17.3. Assignment Launchpool shall be allowed to assign, transfer, and subcontract its right and/or obligations under these Terms without any notification or your consent required. Nevertheless, you shall not be permitted to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.

17.4. Entire Agreement These Terms, including the Privacy Policy and any rules contained on Launchpool Platform, constitute the sole and entire agreement between Launchpool and you with respect to your use of Launchpool Platform and supersede other prior or contemporaneous negotiations, discussions, agreements, understandings, representations, and warranties, both written and oral, between Launchpool and you with respect to such subject matter.

17.5. No Third-Party Rights Nothing in these Terms shall be deemed to create any rights in any creditors or other persons, not a party hereto, and these Terms shall not be construed in any respect to be a contract in whole or in part for the benefit of any third parties.

17.6. Electronic Signatures You agree that you may tender your signatures to be binding with these Terms and use Launchpool Services by electronic means, such as by email or by an online e-signature platform. The Parties agree that their digital signature or other forms of electronic acknowledgement, click-wrap agreement, consent, or acceptance, as the case may be:

  • 17.6.1. constitutes their signature, acceptance, and agreement of these Terms; and
  • 17.6.2. has the same force and effect as a signature affixed by hand.

17.7. Waiver The failure of one Party to require performance of any provision shall not affect that Party's right to require performance at any time thereafter. At the same time, the waiver of one Party to seek recovery for the other Party's violation of these Terms of any provisions of applicable terms shall not constitute a waiver by that Party of any subsequent breach or violation by the other Party or of the provision itself.

Contact Information and Company Headquarters

For any legal notices, correspondence, or if you simply wish to reach out to us, Launchpool's official contact details are as follows:

Asociados Carajo Inc.

Bloc Office Hub. Fifth floor, Santa Maria Business District

Panama

Republic of Panama

Email: [email protected]

Website: www.launchpool.xyz

Please direct all legal notices and formal communications to the above address. For customer support inquiries, please use the contact form available on our website or email [email protected].

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