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TERMS AND CONDITIONS

Please review these Terms of Use of bronix.cc (the “Terms”) carefully, as they set forth legally binding terms and conditions between you, Operator and Developer that govern your use of (a) the website located at https://bronix.cc (the “Website”); and (b) the Bronix (as defined below) (including related trademarks, and other intellectual property (together, the “Bronix Services” ) whether such use is via the Website or command line (“Direct Access”).

By accessing or using the Bronix Services, you (“you” or the “User”) agree to these Terms on behalf of yourself and any entity you represent, and you represent and warrant that you have the right and authority to do so. You further represent and warrant that are fully able and competent to enter, and abide by and comply with, these Terms.

If you submit information, including personal information, through or in connection with the Bronix Services, it will be governed by the privacy policy of the Operator and the Developer, as updated from time to time, and available https://bronix.cc (the “Privacy Policy”). You will be prompted to accept the Privacy Policy and these Terms – before use the Bronix Services.

You accept these Terms by accessing and using the Bronix Services.

1. Main terms

1.1 Connecting. To access the Bronix to engage in transactions using the Website or Direct Access, to the Bronix. Users of the Website to access the Bronix and to participate on platform.

1.2 Governance. The Website but not the Direct Access will be overseen by Operator. Operator may modify or discontinue support for the Website at any time, in its sole discretion. The Bronix will not be maintained or modifiable by Operator but will instead be maintained and modified by Developer.

1.3 Transaction Fees. A transaction fee may be charged for each transaction executed through the Bronix. The fees may be modified by Developer, in its sole discretion, and will be a payable in either the source digital asset or the destination digital asset at the discretion of Developer. The transaction fee for a specific transaction will be displayed to Users of the Website during the initiation of a transaction and must be accepted by the User before executing such a transaction. The User hereby consents to such fees being debited from either or a combination of both of their source digital asset or destination digital asset at the time the transaction is processed. Users accessing and using the Bronix via Direct Access will also see a similar fee schedule.

1.4 License. You are hereby granted a non-exclusive, non-transferable, revocable, limited license to electronically access and use the Website in the manner described in this Agreement. You do not have the right to sublicense the Website. We may revoke or terminate this license at any time if you use, or attempt to use, the Website in a manner prohibited by this Agreement, or if this Agreement is terminated pursuant to Section 6 herein.

2. Usage of Bronix

2.1 Process: The process flow and interaction between a User and bronix.cc is envisaged to be as follows:

(a) a User connects such User’s digital wallet via on the Bronix Interface to deposit such User’s digital assets (“Supported Digital Assets”) supported by bronix.cc.

(b) such User’s deposited Supported Digital Assets will then be reflected on bronix.cc

2.2 Participation: To participate on platform, such User must:

(a) specify the amount of such User’s Supported Digital Assets that such User intends to commit to deploy for participation in Activity.

(b) initiate an irrevocable transaction on the Rollup Chain to commit allocation and deployment of such specified Supported Digital Assets to such Activity (“Participation Transaction”).

(c) the Participation Transaction effected by such User will then be aggregated with Participation Transactions effected by other Users (who have elected to participate in such Activity) within a time specified on the Interface (“Participation Block Period”).

(d) at the expiry of the Participation Block Period, the Supported Digital Assets committed by all Users under such Participating Transactions will be deployed by a Smart Contract to participate in such Activity (“Participation Completion”), with transaction costs associated with such participation being gas fees shared by each of such Users; and

2.3 Withdrawal: To withdraw participation in a support Activity such User must:

(a) deposit the Participation Tokens associated with such participation in such User’s wallet address on Rollup Chain.

(b) specify the amount of such User’s Supported Digital Assets that such User intends to withdraw from participation in such Activity by indicating the amount of Participation Tokens that such User intends to be subject of withdrawal.

(c) initiate an irrevocable transaction on the Rollup Chain to commit withdrawal of such specified Supported Digital Assets from such Activity (“Withdrawal Transaction”).

(d) the Withdrawal Transaction of such User Fund will then be aggregated with Withdrawal Transactions effected by other Users (who have elected to participate in such Activity) within a time specified on the Bronix Interface (“Withdrawal Block Period”); and

(e) at the expiry of the Withdrawal Block Period, the Supported Digital Assets committed by all Users under such Withdrawal Transactions will be withdrawn by a Smart Contract from participation in such Activity (“Withdrawal Completion”), with transaction costs associated with such withdrawal being gas fees shared by each of such Users.

(f) subject to Withdrawal Completion of a Withdrawal Transaction of a User, a Smart Contract will cancel such User’s Participation Tokens subject of such Withdrawal Transaction to evidence Withdrawal Completion, and underlying Support Digital Assets as represented by such Participation Tokens along with yields from participation in the relevant Activity:

(i) will be deposited at such User’s wallet address on Rollup Chain from which such User had deployed such User’s Participation Tokens for such Withdrawal Transaction; and

(ii) can be withdrawn by such User to any wallet address specified by such User.

Representations & Warranties

You make the following representations and warranties regarding your use of the Bronix Services:

3.1 You represent and warrant that you are legally permitted to use the Bronix Services in your jurisdiction, including that you are legally permitted to own the digital assets and interact with the Bronix Services you use. You further represent and warrant you are responsible for ensuring compliance with the laws of your jurisdiction in connection with your use of the Bronix Services and acknowledge that neither the Operator nor the Developer is liable for your compliance or non-compliance with any such laws.

3.2 You represent and warrant that agreeing to these Terms and your use of the Bronix Services does not constitute, and that you do not expect it to result in, a breach, default, or violation of any applicable law or any contract or agreement to which you are a party or are otherwise bound.

3.3 You represent and warrant that you are not an Excluded Person and are not in an Excluded Jurisdiction and are not accessing or using Bronix Services from an Excluded Jurisdiction.

3.4 You represent and warrant that you will not, and will not attempt to, authorize anyone other than you to access any bronix.cc. Smart Contract and/or participate in available offer through the Bronix Services using a Wallet owned by you or a blockchain address for which you control the private keys or otherwise engage in Prohibited Use (as defined below) of the Wallet.

3.5 You represent and warrant that you will not disrupt, interfere with, or otherwise adversely affect the normal flow of the Bronix Services or otherwise act in a manner that may negatively affect other users' experience when using the Bronix Services. This includes taking advantage of software vulnerabilities and any other act that intentionally abuses or exploits the design of the Bronix Services.

3.6 You represent and warrant that you are sophisticated in using and evaluating blockchain technologies and related blockchain-based digital assets, including the Ethereum network, smart contract systems, ERC-20 tokens, automated market making protocols, and automated lending protocols. Specifically, you represent and warrant that you have evaluated and understand the use of the Bronix Services and participation in such Activities using the Bronix and have not relied on any information, statement, representation, or warranty, express or implied, made by or on behalf of Operator and/or Developer with respect to the Bronix Services and associated with such Activities.

3.7 All of the above representations and warranties are true, complete, accurate and not misleading from the time of your acceptance of these Terms and are deemed repeated each time you use the Bronix Services.

4. Prohibited Use

Users of the Bronix Services may not, directly, or indirectly, engage in any of the following activities in connection with their use of the Bronix Services (“Prohibited Uses”):

4.1 A violation of any law, rule, or regulation of any jurisdiction that is applicable to the user.

4.2 Violations or breaches of these Terms or any other document from time to time governing the use of the Bronix Services.

4.3 Permit others to access the Bronix Services through your wallet or a blockchain address you control or otherwise engage in transactions using the Bronix Services for any person other than the Wallet owner.

4.4 Perform, or attempt to perform, any actions that would interfere with the normal operation of the Bronix Services or affect the use of the Bronix Services by other users.

4.5 Engage in, or knowingly facilitate, any fraudulent, deceptive, or manipulative transaction activity in any digital asset using the Bronix Services, including by engaging or participating in “front-running”, “wash trading”, “pump and dump schemes”, or similar activities.

4.6 Engage in, or knowingly facilitate, any money laundering, terrorist financing, or other illegal activities.

4.7 Access or attempt to access non-public systems, programs, data, or services.

4.8 Copy, reproduce, republish, upload, post, transmit, resell, or distribute in any way, any data, content, or any part of the Bronix Services except as expressly permitted by applicable laws; and

4.9 Reverse engineer or attempt to reverse engineer the Bronix Services except as expressly permitted by applicable law.

5. Waivers

5.1 You agree and acknowledge that the Operator, the Developer and their Affiliates shall not be liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with your use of the Bronix Services, the Bronix Interface, the Website or Direct Access.

For purposes of these Terms, “Affiliates” of an entity means the owners, directors, officers’ employees, advisors, agents of such entity and companies in which such entity has an interest.

5.2 You undertake not to initiate or participate, and waive the right to participate in, any class action lawsuit or a class wide arbitration against the Operator, the Developer and/or their respective its Affiliates.

5.3 By accepting these Terms, you waive all rights, claims and/or causes of action (present or future) under law (including any tortious claims) or contract against Operator, the Developer, and their respective Affiliates in connection with your use of the Bronix Services, the Bronix Interface, the Website and/or Direct Access.

6. Termination

These Terms will remain in full force and effect for so long as you use the Bronix Services. The Operator or the Developer may suspend or terminate your rights to use the Bronix Services at any time for any reason at the Operator’s or the Developer’s sole discretion, including for any use of the Bronix Services in violation of these Terms. Upon termination of your rights under these Terms, your right to access and use the Bronix Services will terminate immediately. The Operator and the Developer will not have any liability whatsoever to you for any termination of your rights under these Terms, including blacklisting any network address you provide to the Operator or the Developer. Even after your rights under these Terms are terminated, Sections 7 and 8 of these Terms will remain in effect.

7. Disclaimers and Limitation of Liability

7.1 Disclaimer. THE BRONIX SERVICES AND WEBSITE HTTPS://bronix.cc/ ARE PROVIDED ON AN “AS-IS” AND “AS AVAILABLE” BASIS, AND EACH OF THE OPERATOR AND THE DEVELOPER EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ALL WARRANTIES OR CONDITIONS OF MERCHANTABILITY, MERCHANTABLE QUALITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, OR NON-INFRINGEMENT. NEITHER THE OPERATOR NOR THE DEVELOPER MAKE ANY WARRANTY THAT THE BRONIX SERVICES WILL MEET YOUR REQUIREMENTS, WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS, OR WILL BE ACCURATE, RELIABLE, FREE OF VIRUSES OR OTHER HARMFUL CODE, COMPLETE, LEGAL, OR SAFE. IF APPLICABLE LAW REQUIRES ANY WARRANTIES WITH RESPECT TO THE BRONIX SERVICES, ALL SUCH WARRANTIES ARE LIMITED IN DURATION TO NINETY (90) DAYS FROM THE DATE OF FIRST USE.

EACH OF THE OPERATOR AND THE DEVELOPER DOES NOT ENDORSE ANY THIRD PARTY AND SHALL NOT BE RESPONSIBLE IN ANY WAY FOR ANY TRANSACTIONS YOU ENTER INTO WITH ANY OTHER THIRD PARTY. YOU AGREE THAT THE OPERATOR, THE DEVELOPER AND THEIR RESPECTIVE AFFILIATES WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGES OF ANY SORT INCURRED AS THE RESULT OF ANY INTERACTIONS BETWEEN YOU AND ANY THIRD PARTY.

7.2 Limitation of Liability. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY, INCLUDING LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE FOLLOWING LIMITATION MAY NOT APPLY TO YOU AND YOU MAY HAVE ADDITIONAL RIGHTS

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE OPERATOR, THE DEVELOPER AND/OR THEIR RESPECTIVE AFFILIATES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFITS, LOST DATA, OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING OUT OF YOUR USE OF THE BRONIX SERVICES, EVEN IF THE OPERATOR AND/OR THE DEVELOPERHAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE BRONIX SERVICES IS AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR DEVICE OR COMPUTER SYSTEM, OR LOSS OF DATA RESULTING THEREFROM.

THE OPERATOR, THE DEVELOPER AND THEIR REPSECTIVE AFFILIATES SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE ARISING OUT OF YOUR FAILURE TO KEEP YOUR PRIVATE KEYS OR LOGIN CREDENTIALS TO YOUR WALLET SECURE OR ANY OTHER UNAUTHORIZED ACCESS TO OR TRANSACTIONS INVOLVING YOUR WALLET.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF THE OPERATOR AND THE DEVELOPER TO YOU FOR ANY DAMAGES ARISING FROM OR RELATED TO THIS AGREEMENT (FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION), WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF THE AMOUNT OF TRANSACTION FEES PAID BY YOU IN CONNECTION WITH YOUR USE OF THE BRONIX SERVICES DURING THE PRECEDING TWELVE (12) MONTHS. THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT.

7.3 Indemnification. You agree to indemnify and hold the Operator, the Developer, and their respective Affiliates (“Indemnified Party”) harmless, including costs and attorneys’ fees, from any loss, made due to or arising out of: (i) your use of the Bronix Services; (ii) your violation of these Terms; (iii) or your violation of applicable laws or regulations. The relevant Indemnified Party reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to provide indemnification, and you agree to cooperate in the defense of these claims. You agree not to settle any matter without the prior written consent of the relevant indemnified party or parties. The relevant Indemnified Party will use reasonable efforts to notify you of any such claim, action or proceeding upon becoming aware of it.

7.4 Taxes. You are solely responsible for determining the tax implications and tax reporting requirements associated with transactions you engage in involving the Bronix Services, and for paying any applicable taxes in each applicable jurisdiction. Neither the Operator nor the Developer is not responsible for determining whether there are tax implications in connection with transactions involving the Bronix Services, for reporting any such transactions, or for paying any applicable taxes.

7.5 Potential Risks Associated with Use of the Website and Bronix

7.5.1 Like all software, the Website and the Bronix may be subject to exploits. The Operator and the Developer are not responsible for exploits that are not reasonably foreseeable. While the Operator and the Developer have taken several precautions to ensure the security of the Website and the Bronix respectively, the technology is relatively new, and it is not possible to guarantee that the code is completely free from bugs or errors. Users accept all risks that arise from using the Website and the Bronix, including, and not limited to, the risk of any funds being lost due to a failure or exploit of the Website or the Bronix.

7.5.2 You are solely responsible for securing the private keys associated with any wallet or blockchain address you may use when accessing the Bronix Services. You understand that anyone who obtains your private keys and access to your device may access your wallet or a blockchain address controlled with those private keys with or without your authorization and may transfer any digital assets accessible through your wallet.

7.5.3 The value of any digital asset, where value is attached to such an asset, may fluctuate. The Operator and the Developer make no guarantees as to the price or value of any digital asset on any secondary market.

7.5.4 The following risks are associated with blockchain-based digital assets that may be supplied to the Bronix or in participation of such Activities : the risk of losing private keys, theft resulting from third parties discovering your private key, value fluctuation of digital assets on the secondary market, disruptions to the Ethereum blockchain caused by network congestion, lack of usability of, or loss of value with respect to, digital assets due to a hard fork or other disruption to the Ethereum blockchain, or errors or vulnerabilities in the smart contract code associated with a given digital asset or transactions involving digital assets. Transfers on the Ethereum blockchain are irreversible. Once an instruction, signed by the required private key(s), to transfer a digital asset from one blockchain address to another has been executed, it cannot be undone.

7.5.5 Support for the Website or Bronix may be modified or discontinued at any time. The Operator reserves the right, at any time, in the Operator’s sole discretion, to modify the Website. The Bronix may be modified only by the Developer.

7.5.6 In the event of a change to an underlying blockchain network, or other network disruption, resulting in a fork of the existing blockchain into one (or more) additional blockchains, the Bronix Services may not support activity related to any new digital assets created because of the fork. In addition, in the event of a fork, transactions on the network may be disrupted, including transactions involving the Bronix.

7.5.7 The Ethereum blockchain network charges a fee for engaging in a transaction on the network. Those network transaction fees fluctuate over time depending on a variety of factors. You are solely responsible for paying network transaction fees associated with transactions you engage in on the Ethereum blockchain network using the Bronix Services. You are also solely responsible for any other third-party fees that may be incurred in connection with your use of the Bronix Services.

7. Electronic Communications with the Operator

The communications between you and the Operator use electronic means, either through the Website, or electronic mail, or whether the Operator communicates by posting notices on the Website or communicates with you via email. For contractual purposes, you: (i) hereby consent to receive communications from the Operator in any electronic form; and (ii) hereby agree that all terms and conditions, agreements, notices, disclosures, and other communications that the Operator provides to you electronically satisfy any legal requirement that would also be satisfied if such communications were to be in a hardcopy writing. The foregoing does not affect your non-waivable rights under any applicable law.

8.1 Entire Terms. These Terms constitute the entire agreement between you, the Operator, and the Developer regarding your use of the Bronix Services. The section titles in these Terms are for convenience only and have no legal or contractual effect. The word “including” means “including without limitation.”

8.2 Severability. If any provision of these Terms is, for any reason, held to be invalid or unenforceable, the other provisions of these Terms will be unimpaired, and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law.

8.3 Relationship of the Parties. Nothing contained in this Agreement will be deemed to be construed by the Parties or any third party as creating a partnership, an agency relationship or joint venture between the Parties or any of their respective employees, representatives, or agents.

8.4 Assignment. These Terms, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without the Operator’s and the Developer’s prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. The Operator and the Developer may freely assign these Terms. The terms and conditions set forth in these Terms shall be binding upon assignees.

8.5 Changes. Unless otherwise required by applicable laws, these Terms are subject to occasional revision. If the Operator or the Developer make any substantial changes, you will be notified of those changes and accept the updated Terms when you next use the Bronix Services. These changes will be effective upon your acceptance of the updated Terms. In addition, continued use of the Bronix Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

8.6 Waiver. A waiver by the Operator or the Developer of any right or remedy under these Terms shall only be effective if it is in writing, executed by a duly authorized representative of the Operator or the Developer and shall apply only to the circumstances for which it is given. The failure of the Operator or the Developer to exercise or enforce any right or remedy under these Terms shall not operate as a waiver of such right or remedy, nor shall it prevent any future exercise or enforcement of such right or remedy. No single or partial exercise of any right or remedy shall preclude or restrict the further exercise of any such right or remedy or other rights or remedies.