Terms & Conditions

Legal terms, June 20, 2022

The following Terms and Conditions (“Terms”) govern your (“you” or the “Purchaser”) purchase of cryptographic tokens (“MPLT”) from Metapilot.app Limited, a private limited company registered in Sweden, Stockholm (the “Company”). Each of you and the Company is a “Party” and, together, the “Parties” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the MPLT token sale.

IF YOU DO NOT AGREE TO THESE TERMS, DO NOT PURCHASE MPLT FROM THE COMPANY. BY PURCHASING MPLT FROM THE COMPANY, YOU WILL BE BOUND BY THESE TERMS AND ANY TERMS INCORPORATED BY REFERENCE. IF YOU HAVE ANY QUESTIONS REGARDING THESE TERMS, PLEASE CONTACT THE COMPANY AT CONTACT@METAPILOT.APP .

By purchasing MPLT, and to the extent permitted by law, you are agreeing not to hold any of the Company and its 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 “Metapilot Team”) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of MPLT, including losses associated with the terms set forth below.

DO NOT PURCHASE MPLT TOKEN IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING MPLT, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE MPLT.

PURCHASES OF MPLT SHOULD BE UNDERTAKEN ONLY BY INDIVIDUALS, ENTITIES, OR COMPANIES THAT HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS, INCLUDING Binance Smart Chain TOKENS, AND BLOCKCHAIN BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE A FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC TOKENS. WHILE THE COMPANY WILL BE AVAILABLE TO ASSIST PURCHASERS OF MPLT DURING THE SALE, THE COMPANY WILL NOT BE RESPONSIBLE IN ANY WAY FOR LOSS OF BTC, ETH, BNB, BUSD, USDT OR MPLT RESULTING FROM ACTIONS TAKEN BY, OR OMITTED BY PURCHASERS. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE MPLT OR PARTICIPATE IN THE SALE OF METAPILOT. YOUR PARTICIPATION IN METAPILOT SALE IS DEEMED TO BE YOUR UNDERTAKING THAT YOU SATISFY THE REQUIREMENTS MENTIONED IN THIS PARAGRAPH.

PURCHASER AGREES TO BUY, AND COMPANY AGREES TO SELL, THE MPLT TOKENS IN ACCORDANCE WITH THE FOLLOWING TERMS:

#1 The conditions of the MPLT token sale

YOU MAY NOT MAKE A ACQUIRE A MPLT TOKEN IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREEN CARD HOLDER OF THE UNITED STATES OF AMERICA, OR OTHER COUNTRIES WHERE THE CRYPTOCURRENCIES ARE PROHIBITED BY LAW.

#2 The Company Will Not Purchase MPLT token During the Metapilot Sale

The Company warrants that neither it nor its shareholders will purchase MPLT during the Metapilot sale. Furthermore, the Company warrants that neither it nor its shareholders will purchase MPLT from any third party during the period of the MPLT sale.

#3 All purchases of MPLT are final

ALL PURCHASES OF MPLT ARE FINAL. PURCHASES OF MPLT ARE NON- REFUNDABLE. BY PURCHASING MPLT, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, DIRECTORS OR SHAREHOLDERS ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON.

#4 Disclaimer of Warranties

THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING MPLT AT THE PURCHASER’S SOLE RISK AND THAT MPLT IS PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE Metapilot TEAM WARRANTS THAT THE PROCESS FOR PURCHASING MPLT WILL BE UNINTERRUPTED OR ERROR-FREE.

#5 Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, Metapilot is uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

#6 Risk of Losing Access to Metapilot cold wallets Due to Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of MPLT stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing MPLT will result in loss of such MPLT. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your MPLT. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store MPLT in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your MPLT. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving MPLT, or provides an address that is not BEP20 compatible, may result in the loss of your Tokens.

#7 Risks Associated with the Binance Smart Chain Protocol or Autobahn Network

Because MPLT and the Metapilot platform are based on the Binance Smart Chain protocol and the Autobahn Network, any malfunction, breakdown or abandonment of the Binance Smart Chain protocol or the Autobahn Network may have a material adverse effect on the platform or MPLT. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the MPLT and the platform, including the utility of the MPLT for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Binance Smart Chain protocol or the Autobahn Network.

#8 Risk of Mining Attacks

As with other decentralized cryptographic tokens based on the Binance Smart Chain protocol or the Autobahn Network, MPLT are susceptible to attacks by miners in the course of validating MPLT transactions on the Binance Smart Chain blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the platform and MPLT, including, but not limited to, accurate execution and recording of transactions involving MPLT.

#9 Risk of Hacking and Security Weaknesses

Hackers or other malicious groups or organizations may attempt to interfere with the platform or MPLT in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and MPLT, including the utility of MPLT for obtaining services.THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING MPLT AT THE PURCHASER’S SOLE RISK AND THAT MPLT IS PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE METAPILOT TEAM WARRANTS THAT THE PROCESS FOR PURCHASING MPLT WILL BE UNINTERRUPTED OR ERROR-FREE.

METAPILOT INVESTMENTS RISKS:

By purchasing, owning, and using MPLT, you expressly acknowledge and assume the following risks:

#1 Risk of Losing Access to MPLT Due to Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of MPLT stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing MPLT will result in loss of such MPLT. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your MPLT. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store MPLT in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your MPLT. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving MPLT, or provides an address that is not BEP20 compatible, may result in the loss of your Tokens.

#2 Risks Associated with the Binance Smart Chain Protocol and the Autobahn Network

Because MPLT and the MPLT platform are based on the Binance Smart Chain protocol and the Autobahn Network, any malfunction, breakdown or abandonment of the Binance Smart Chain protocol or the Autobahn Network may have a material adverse effect on the platform or MPLT. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the MPLT and the platform, including the utility of the MPLT for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Binance Smart Chain protocol or the Autobahn Network.

#3 Risk of Hacking and Security Weaknesses

Hackers or other malicious groups or organizations may attempt to interfere with the platform or MPLT in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and MPLT, including the utility of MPLT for obtaining services.

#4 Risks Associated with Markets for MPLT

If secondary trading of Tokens is facilitated by third-party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third-parties do ascribe an external exchange value to MPLT (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile.

#5 Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, MPLT are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

#6 Risks Associated with Uncertain Regulations and Enforcement Actions

The regulatory status of MPLT and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Metapilot platform and MPLT. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and MPLT. Regulatory actions could negatively impact the platform and MPLT in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of MPLT constitute unlawful activity or that MPLT is a regulated instrument that requires registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof. The Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.

#7 Risks Arising from Taxation

The tax characterization of MPLT is uncertain. You must seek your own tax advice in connection with purchasing MPLT, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.

#8 Risk of Competing platforms

It is possible that alternative platforms could be established that utilize the same open-source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the Metapilot services.

#9 Risks Arising from Lack of Governance Rights

Because MPLT confers no governance rights of any kind with respect to the Metapilot 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. These decisions could adversely affect the platform and the utility of any MPLT you own, including their utility for obtaining services.

#10 Unanticipated Risks

Cryptographic tokens such as MPLT are new and untested technology. In addition to the risks included in this Annex A of these Terms, there are other risks associated with your purchase, possession and use of MPLT, including unanticipated risks. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Annex A of these Terms. Further InformationFor further information regarding the MPLT sale, please contact contact@metapilot.app