Terms of Service

This end user agreement (the “Agreement”) should be read by you (the “User” or “you”) in its entirety prior to your use of Bcontrol’s service or products. Be aware that this Agreement constitutes a legally binding agreement between you and Bcontrol (referred to herein as “Bcontrol”, “us” or “we”) which owns and operates the website on the Internet and the Service at www.Bcontrol.io (the “Service”). You consent to adhering to all the terms set forth in this Agreement when/if you are provided with an “I Agree” button and clicking on it.

1. Grant of License

a. Bcontrol grants the User a non-exclusive, personal, non-transferable right to use the Service on your personal computer or other device that accesses the Internet in order to access and use the services available and described on the Bcontrol.com website (the website and all its functionality together being the “Service”), subject to the terms and conditions contained herein.

b. The Service is not for use by (i) minors and individuals under the age of 18 years, (ii) individuals who can be considered minors or under the age of majority adulthood in their specific jurisdiction(s) (iii) individuals accessing or using the Service from any jurisdiction in which it is illegal to do so. Bcontrol does not have the ability to verify the legality of the Service in every jurisdiction, therefore it is entirely up to the User to determine whether or not their use of the Service is lawful.

c. Bcontrol and its licensors are the sole holders of all rights in and to the Service and code, technology, organization and structure, architecture, including copyright, trade secrets, intellectual property and other rights. You may not: (a) copy, create derivative works, distribute, publish, reverse engineer, decompile, disassemble, modify, or translate the Bcontrol website or the Service; or (b) use the Service that in any way is prohibited by applicable laws or regulations (each of the above herein defined as an “Unauthorized Use”).

d. Bcontrol reserves any and all rights implied or otherwise, which are not expressly granted to the User hereunder and retain all rights, title and interest in and to the Service. You agree that you will be solely liable for any damage, costs or expenses arising out of or in connection with the commission by you of any Unauthorized Use. You shall notify Bcontrol immediately upon becoming aware of the commission by any person of any Unauthorized Use and shall provide Bcontrol with reasonable assistance with any investigations it conducts in light of the information provided by you in this respect.

e. The term “Bcontrol”, its domain names and any other trade marks, or service marks used by Bcontrol as part of the Service (the “Trade Marks”), are solely owned by Bcontrol. In addition, all content on the website, including, but not limited to, the images, pictures, graphics, photographs, animations, videos, music, audio and text (the “Site Content”) belongs to Bcontrol and is protected by copyright and/or other intellectual property or other rights. You hereby acknowledge that by using the Service, you obtain no rights in the Site Content and/or the Trade Marks, or any part thereof. Under no circumstances may you use the Site Content and/or the Trade Marks without Bcontrol’s prior written consent. Additionally, you agree not to do anything that will harm or potentially harm the rights, including the intellectual property rights of Bcontrol.

2. No Warranties

a. Bcontrol disclaims any and all warranties, expressed or implied, in connection with the service which is provided to you “as is” and we provide you with no warranty or representation whatsoever regarding its quality, fitness for purpose, completeness or accuracy.

b. Regardless of Bcontrol’s efforts, Bcontrol makes no warranty that the service will be uninterrupted, timely or error-free, or that defects will be corrected.

3. Authority / Terms of Service

a. You agree to the rules of the Service provided and described on the Bcontrol.com website. Bcontrol retains all authority over the issuing, maintenance, and closing of the Service. The decision of Bcontrol’s management, concerning any use of the Service, or dispute resolution, is final and shall not be open to review or appeal.

b. While we shall use reasonable efforts to ensure that availability of the Website, Bcontrol Services shall be uninterrupted and that transmissions shall be error-free, this cannot be guaranteed. Also, User’s access to the Website Bcontrol Services may also be occasionally suspended or limited to allow for repairs, maintenance, or the introduction of new facilities or services. We shall attempt to limit the frequency and duration of any such suspension or restriction and use reasonable efforts to notify the User in advance.

c. To the extent permitted by applicable law, we shall not be responsible for (i) losses that were not caused by any breach on our part, or (ii) any business loss (including loss of profits, revenue, contracts, anticipated savings, data, goodwill or wasted expenditure), or (iii) any indirect or consequential losses.

d. To the extent permitted under applicable law, we shall not be held responsible for any delay or failure to comply with our obligations under these conditions if the delay or failure arises from any cause which is beyond our reasonable control.

e. User is responsible for maintaining the confidentiality of User’s password and account, including the private key we issue to User, and any activities that occur using User’s account or are signed for with User’s private key. We shall not be liable to User or any entities for any loss or damage which may arise as a result of any failure by User to protect User’s password, private key or account.

f. The User of the Bcontrol Services are able to interact with certain information or content provided by us (including any share transfer forms, company incorporation forms and regulatory filing documentation) to create user-generated content. We shall not be liable for the accuracy, completeness or contents of any user generated content.

4. Your Representations and Warranties

a. There is a risk of losing cryptocurrency & other funds of value when using the Service and Bcontrol has no responsibility to you for any such loss;

b. Your use of the Service is at your sole option, discretion and risk;

c. You are solely responsible for any applicable taxes which may be payable on cryptocurrency traded or transacted by you through your using the Service;

d. The telecommunications networks, blockchain networks (such as Ethereum) and Internet access services required for you to access and use the Service are entirely beyond the control of Bcontrol and Bcontrol shall have no liability whatsoever for any outages, slowness, capacity constraints or other deficiencies affecting the same; and

e. You are (i) aged 18 or over, (ii) you are of the age of majority in your jurisdiction, (iii) you are accessing the Service from a jurisdiction in which it is legal to do so, (iv) you are not a Politically Exposed Person (PEP) nor are you on any U.S. or EU Sanctions lists or terrorism finance watchlists, and (v) that you will inform Bcontrol immediately if you enter onto one of these lists or change your residence to a prohibited jurisdiction.

f. You warrant that should you discover a bug or error that may lead to an exploit of the Service or other loss of funds from Bcontrol, you have the responsibility to notify Bcontrol at [email protected] in a timely manner. Furthermore, any attempt by you to use such a discovered exploit or bug for illicit financial gain is illegal and strictly prohibited under this Agreement. Bcontrol reserves the right to prosecute to the fullest extent of the law anyone who exploits or attempts to exploit the Service in an unlawful manner. Such exploits or bugs should be disclosed in a responsible manner and in strict confidence with [email protected] and no other entity.

5. Prohibited Uses

Prior to your use of the Service and on an ongoing basis you represent, warrant, covenant and agree that:

a. PERSONAL USE. The Service is intended solely for the User’s personal use. The User is only allowed to use the Service for personal use, and may not create multiple accounts, including for the purpose of collusion and/or abuse of service.

b. EXPLOITS & BUGS. The Service is provided as is, and any exploitation of the Service or errors in program logic and/or code (bugs) constitutes a Prohibited Use and a material breach of this Agreement. Any funds the user may misappropriate in this manner pursuant to this clause shall be considered void and the immediate property of Bcontrol, without limit.

c. JURISDICTIONS. Persons located in or residents of the North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using the Service (the ”Prohibited Jurisdictions”) are not permitted to make use of the Service. For the avoidance of doubt, the foregoing restrictions on Service from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction. Any attempt to circumvent the restrictions on usage by any persons located in a Prohibited Jurisdiction or Restricted Jurisdiction, is a breach of this Agreement. An attempt at circumvention includes, but is not limited to, manipulating the information used by Bcontrol to identify your location and providing Bcontrol with false or misleading information regarding your location or place of residence.

Any and all monies (including cryptocurrencies) of a person located in a Prohibited Jurisdiction on the Service are VOID, and can be confiscated or may be returned to the person at Bcontrol’s sole discretion.

6. Applicable Regulations and Know your Customer (“KYC”) and Anti-Money Laundering (AML) Policy

a. Bcontrol and its agents in the various jurisdictions are under various obligations to perform KYC, AML and general client Due Diligence as a condition to file with local Registries and/or provide the Services User requested. User’s order of Services is subject to submitting the information requested from User and our indicated formation times commence from the moment Bcontrol completed the review of all submitted documents.

b. All expenses related to the sourcing of KYC/AML/DD related documents are on User’s behalf.

c. User represents, warrants and undertakes that it shall comply with all applicable laws and regulations when using the Website or engaging the Bcontrol Services.

d. User shall indemnify Bcontrol (and/or any of its affiliates) against any and all loss, damage, actions, judgements, claims, demands, costs, taxes and expenses (including legal and/or professional fees) howsoever incurred by Bcontrol arising from User’s breach of clause 6.a-c.

f. In respect of Section (e) above, Bcontrol makes no warranty as to the merit, legality or juridical nature of any token creation, token reservation or token distribution as part of User’s fundraise (including whether or not User’s token is considered a security or financial instrument under any applicable Securities Laws). It is entirely the responsibility of User to determine the laws and regulations that apply to the distribution of User token and the need to require KYC/AML of the recipients of the User token. Irrespective of whether Bcontrol as part of its future Service will provide User with tools to whitelist Stakers and enforce KYC by default, as a software development company, Bcontrol has no role in determining the laws and regulations that may apply to the creation, transfer, reservation and distribution of User token, and the use of KYC/AML tools on Bcontrol is completely at the discretion of User. Therefore, and at the sole behest of User and/or competent regulatory authorities: Bcontrol reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Bcontrol reserves the right to restrict service and payment until identity is sufficiently determined.

g. Bcontrol further reserves the right to share submitted KYC information and documentation to 3rd parties to verify the authenticity of submitted information, and the end User (you) agree to this by using the Service.

h. Bcontrol reserves the right to confiscate any and all funds that are found to be in violation of relevant and applicable anti-money laundering (AML) and countering terrorism financing (CFT) laws and regulations, and to cooperate with the competent authorities when and if necessary.

i. Bcontrol expressly prohibits and rejects the use of the Service for any form of illicit activity, including money laundering, terrorist financing or trade sanctions violations, consistent with various jurisdictions’ laws, regulations and norms. To that end, the Service is not offered to individuals or entities on any Politically Exposed Persons (PEP) lists, or subject to any United States, European Union, or other global sanctions or watch lists. By using the Service, end users represent and warrant that they are not on any such lists.

7. Fees and Payment

a. User shall pay Bcontrol in advance the fees set out on our Website for the relevant Bcontrol Services it has ordered (“Fees”) through a secure payment process incorporated into our Website, or by electronic invoice, which can be securely paid by credit card, debit card, bank wire or any major crypto currency.

b. If there are any fees for Bcontrol Services that are not set out in the Website, we shall issue an invoice to User for such Bcontrol Services provided. User shall pay us the fees set out in the invoice for such Bcontrol Services on receipt of the invoice issued by us.

c. User may subscribe to an annual or monthly package at any time for the Bcontrol Services. User acknowledge and agrees that it may not downgrade its package from an annual package to a monthly package.

d. User acknowledges and agrees that completion of the online payment process referred to in this Section does not constitute our acceptance of User’s offer to purchase the Bcontrol Services from us. Our acceptance of User’s order shall take place only on commencement of the Bcontrol Services that User ordered from us.We reserve the right to decline an order for Bcontrol Services for any reason and we will refund any fees prepaid if we decline an order, provided that no Bcontrol Services have been used by User. We shall only ever commence provision of the Bcontrol Services if full payment for the Fees has been received by us in advance.

e. During the online payment process, User shall be required to enter its payment details, which are disclosed directly to an independent third party payments processor. We do not collect or store this information and we do not have access at any time to User’s payment details.

f. All payments are processed by an independent third party payment processor. We exclude all liability for any loss or damage that might arise from the processing of User’s payment information, and the terms of service of that independent third party payment processor shall apply.

8. Breach

a. Without prejudice to any other rights, if a User breaches in whole or in part any provision contained herein, Bcontrol reserves the right to take such action as it sees fit, including terminating this Agreement or any other agreement in place with the User and/or taking legal action against such User.

b. You agree to fully indemnify, defend and hold harmless Bcontrol and its shareholders, directors, agents and employees from and against all claims, demands, liabilities, damages, losses, costs and expenses, including legal fees and any other charges whatsoever, howsoever caused, that may arise as a result of: (i) your breach of this Agreement, in whole or in part; (ii) violation by you of any law or any third party rights; and (iii) use by you of the Service.

9. Limitations and Liability

a. Under no circumstances, including negligence, shall Bcontrol be liable for any special, incidental, direct, indirect or consequential damages whatsoever (including, without limitation, damages for loss of business profits, business interruption, loss of business information, or any other pecuniary loss) arising out of the use (or misuse) of the Service even if Bcontrol had prior knowledge of the possibility of such damages.

b. Nothing in this Agreement shall exclude or limit Bcontrol’s liability for death or personal injury resulting from its negligence.

10. Disputes

If a User wishes to make a complaint, please contact Bcontrol’s admin team at [email protected] Should any dispute not be resolved to your satisfaction you may pursue remedies in the governing law jurisdiction set forth below.

11. Amendment

Bcontrol reserves the right to update or modify this Agreement or any part thereof at any time or otherwise change the Service without notice and you will be bound by such amended Agreement upon posting. Therefore, we encourage you to check the terms and conditions contained in the version of the Agreement in force at such time. Your continued use of the Service shall be deemed to attest to your agreement to any amendments to the Agreement.

12. Governing Law

The Agreement and any matters relating hereto shall be governed by, and construed in accordance with, the laws of the BVI. You irrevocably agree that, subject as provided below, the courts of the Bahamas shall have exclusive jurisdiction in relation to any claim, dispute or difference concerning the Agreement and any matter arising therefrom and irrevocably waive any right that it may have to object to an action being brought in those courts, or to claim that the action has been brought in an inconvenient forum, or that those courts do not have jurisdiction. Nothing in this clause shall limit the right of Bcontrol to take proceedings against you in any other court of competent jurisdiction, nor shall the taking of proceedings in any one or more jurisdictions preclude the taking of proceedings in any other jurisdictions, whether concurrently or not, to the extent permitted by the law of such other jurisdiction.

13. Severability

If a provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect the validity or enforceability in that jurisdiction of any other provision hereof or the validity or enforceability in other jurisdictions of that or any other provision hereof.

14. Assignment

Bcontrol reserves the right to assign this agreement, in whole or in part, at any time without notice. The User may not assign any of his/her rights or obligations under this Agreement.

15. Miscellaneous

a. No waiver by Bcontrol of any breach of any provision of this Agreement (including the failure of Bcontrol to require strict and literal performance of or compliance with any provision of this Agreement) shall in any way be construed as a waiver of any subsequent breach of such provision or of any breach of any other provision of this Agreement.

b. Nothing in this Agreement shall create or confer any rights or other benefits in favour of any third parties not party to this Agreement.

c. Nothing in this Agreement shall create or be deemed to create a partnership, agency, trust arrangement, fiduciary relationship or joint venture between you and Bcontrol.

d. Bcontrol may assign, transfer, charge, sub-license, or deal in any other manner with this Agreement, or subcontract any of its rights and obligations under this Agreement, to any other party.

e. his Agreement constitutes the entire understanding and agreement between you and Bcontrol regarding the Service and supersedes any prior agreement, understanding, or arrangement between you and Bcontrol.

16. Cryptocurrency

a. CRYPTOCURRENCY VALUES CAN FLUCTUATE GREATLY IN VALUE DEPENDING ON MARKET CONDITIONS.

b. THE USER WARRANTS THAT IT IS AWARE OF THE VOLATILE NATURE OF CRYPTOCURRENCIES, AND HOLDS Bcontrol HARMLESS FOR ANY LOSS OR DAMAGES ARISING FROM SUCH VOLATILITY.

DISCLAIMER

Any content provided by Bcontrol and its affiliated entities (“Bcontrol”) or its partners or licensors is provided for general information only and we do not accept any responsibility for its use. Any content provided on this site does not constitute any legal, tax or corporate advice nor constitutes solicitation for any such advice unless expressly determined on our services.

We exclude all liability which might arise from your use or reliance on the content of this website, save to the extent such liability arises from our fraud or fraudulent misrepresentation or from any death or personal injury that arises due to our negligence.