Terms of Service

Terms of Service Agreement

These Terms of Service (hereinafter "terms") pertain to the virtual currency exchange “Sherolex” and other services provided by Trend Rich Global Ltd (hereinafter “the Company”). Matters to be observed by users together with the rights and obligations existing in the relationship between the user and the Company are stipulated. Those wishing to use this service should read this document in its entirety before agreeing to be bound by these terms.

Article 1 (Application)

1. These Terms and Conditions shall establish the relationship consisting of rights and obligations between the Company and users (as defined in Article 2, hereinafter the same) relating to the use of this Service (as defined in Article 2, hereinafter the same). It shall apply to all relationships related to the use of this service between the user and the Company.
2. The rules, risk explanation, privacy policy, notes and other regulations regarding this service which the Company may periodically post on our website (as defined in Article 2, hereinafter the same and referred to as “regulations”) shall constitute part of this Agreement. Should the contents of this Agreement and the contents of any regulations posted periodically on our website differ, the content and interpretation of the regulations as posted on our website shall apply.

Article 2 (Definitions)

The following terms used in this Agreement shall have the meanings specified below:

1. “Intellectual property rights” shall mean the copyright, patent rights, utility model rights, trademark rights, design rights, the various APIs developed or provided by the Company, subsidiaries or affiliate companies, all rights related to documents, databases, websites, graphics, software, applications, programs, coding, etc. inclusive of the contents of data, chat writings and writings in the Company email etc. along with other intellectual property rights inclusive of the right to apply for registration concerning those rights .
2. “Our website” shall mean the websites (including subdomains, used by the Company) whose domains include “sherolex.com”, “sherolex.com”, “sherolex.org” and “sherolex.info” regardless of the device used. Furthermore, should the domain or content of the Company website change for any reason, that shall be included within the meaning also.
3. “Applicant” shall mean “registration applicant” as defined in Article 3.
4. “User” shall mean an individual or corporation registered as a user of this service pursuant to Article 3.
5. “Service” shall mean the provision of a forum for the purchase or sale of virtual currency between users, named “Sherolex” (to include simplified exchanges, hereinafter the same), and other services related to the trading of virtual currency, (including an altered service should the name or content of the service change, regardless of reason).
6. “User account” shall mean a trading account opened in the Company's prescribed method allowing the Company to hold virtual currency and money of the user while allowing the user to conduct transactions using the service provided.
7. “Contract for use” shall mean a contract for the utilization of this service in accordance with the provisions of Article 3, Paragraph 3 of this Agreement as established between the Company and the user.
8. “Virtual currency” shall mean virtual currency as defined in Article 2, paragraph 5 of the Law on Fund Settlement, which the Company deals in through this service.
9. “Anti-social forces” shall mean gangs, gang members, gang quasi-members, organizations involved with organized crime, extortionists, social movements advocating violence, other such special intelligence violence groups, and other equivalents.
10. “An important position in the state government” shall mean any of the following positions in any country:

    (1) Head of State;

    (2) Prime Minister or other positions equivalent to the Minister of State or Vice Minister;

    (3) Chairperson of the National Assembly, or a position equivalent to that of Vice-Chairperson;

    (4) Employment equivalent to that of Justice of the Supreme Court;

    (5) Ambassador Extraordinary and Plenipotentiary, Special Envoy, Minister Extraordinary and Plenipotentiary, Government Representative or those fulfilling similar roles to that of Plenipotentiary;

    (6) Joint Chief of Staff, Deputy Joint Chief of Staff, Chief of Ground Staff, Deputy Chief of Ground Staff, Chief of Marine Staff, Deputy Chief of Marine Staff, Chief of Aviation Staff, Deputy Chief of Aviation Staff or those fulfilling such similar roles;

    (7) Officers of the Central Bank;

    (8) An official of a corporation which must receive the passing of a resolution of a national assembly on budgetary matters before receiving approval to proceed.

11. “Politically Exposed Persons of the government of a country” shall mean those persons who are now in an important position in the government of a country, or those who have been in an important position in the government of a country in the past.

12. “Relatives” shall mean spouses (including those people who have not officially filed a Marriage Certificate but in fact live in similar circumstances to marriage, hereinafter the same), their parents, children, brothers and sisters; and the parents, children, brothers and sisters of their spouse.

Article 3 (Registration)

1. Those who wish to use this service (hereinafter referred to as the “registration applicant”) hereby agree to be bound by this Agreement and will submit certain information (hereinafter referred to as “registration information”) as determined by the Company. By providing the said registration information to the Company by the method specified by the Company, the user applies for registration to use the service provided by the Company.
2. In accordance with the Company's standards and procedures (including procedures on transactional confirmation) the Company shall decide on whether to register the applicant following their registration application. Should the application be successful, the Company shall notify the applicant accordingly and registration shall be complete upon this notification. Should the Company decide to decline approval of the registration, the Company shall not be obliged to provide the reason for this decision. Furthermore, in such circumstances, the Company shall not be obligated to return any documentation received from the registration applicant as part of their registration application.
3. Upon completion of the registration as described in the preceding paragraph, a contract for the use of this service, in accordance with the provisions of this Agreement, shall be established between the user and the Company and the user shall be able to use this service in the manner prescribed by the Company.
4. The Company may refuse registration if a person applying for registration under Paragraph 1 falls within any of the following classifications:

   (1) Information provided to the Company as part of the registration process contains falsifications, errors or omissions;

   (2) All or part of the registration information provided to the Company cannot be confirmed by the method prescribed by the Company;

   (3) The applicant is a minor, an adult ward of a Guardian, Curator or Administrator and consent from the appropriate Legal Representative, Guardian, Curator or Administrator has not been obtained;

   (4) The applicant can be regarded as an anti-social force, or through their cooperation or involvement are interacting with, maintaining or managing anti-social forces through the provision of funding or otherwise; or the Company determines that this to be the case;

   (5) The Company determines that the applicant has previously or is currently performing any acts listed in Article 9;

   (6) The applicant lives in a country or region where the Company does not offer the service, or lives in a country or region where the service is not permitted by law;

   (7) Any other situation in which the Company determines that registration is not appropriate.

5. Following the completion of registration as described in Paragraph 3, should the Company determine that further confirmation is necessary having regard to relevant laws and ordinances, the Company may request the user submit other specific documentation. In the absence of the submission of the said required documentation (should the user not contact the Company before the due date specified by the Company, the notice requesting user submission sent to the pre-notified address supplied by the user not being delivered and instead returned to us, or the Company cannot establish contact with the user on their pre-notified telephone number), the Company shall, should it deem appropriate, suspend all or part of any transaction or cancel the user's registration. Even in situations where the Company has already made transactions effective, the company does not assume any responsible for any damage caused whatsoever.

Article 4 (Changes to Registration Information)

1. Should there be a change to the information as registered with the Company, the user shall, without delay, notify the Company of such changes in accordance with the method prescribed by the Company and shall submit such updated information as requested by the Company.
2. Should the user be a government official of a country (within the definition of Politically Exposed Persons) or be a relative of a Politically Exposed Person the user shall notify the Company accordingly.
3. Should there be a change in a matter suitable for notification, as set forth in the preceding paragraph, the user shall notify the Company without delay.

Article 5 (Management of Login ID and Password)

1. The user is responsible, at the user's own risk, for the setting, managing and storing of user's Login ID (including user ID, account ID, API Keys and any other such identification names) and passwords (Login Password, API Secrets, Secret Keys, Authentication Codes, hereunder the same). User shall not lend, assign, name transfer, purchase, sell, or otherwise make these available for third party use.
2. The user shall assume all responsibility for damages due to inadequate management of Login IDs or passwords, errors in use, leakage, use by third parties, theft, etc. (to include, for example, situations where the user may be using the mail service of a third party resulting in the direct or indirect theft of the user's login ID or password). Regardless of whether the user personally enters the login details, the Company shall carry out the user authentication process by matching the Login ID and Password and assumes no responsibility for any losses incurred in this regard.
3. Should the user discover that their login ID or password has been stolen or used by a third party, the user shall notify the Company immediately and thereafter follow instructions received from the Company.

Article 6 (Fee and Payment Methodology)

1. In using this service, the user shall pay fees such as service usage fees, handling charges etc. as specified by the Company.
2. Should the user delay in payment of usage fees, the user shall pay the Company damages for the delay at a rate of 14.6% per annum (delays of less than 1 year will be calculated on a pro rata basis).
3. For users who are not resident in BVI, additional fees, determined separately by the Company, may apply.
4. Should the user not pay the necessary price or fee etc. by the due date set by the Company and the obligation of the user to the Company remains, the Company shall notify the user of their outstanding obligation. The Company may offset the obligation or other claims against the user without prior notice to the user at any time, regardless of the actual due date. In this event, the Company may at any time and without our prior notice, cancel the payment order of the user's money or virtual currency, cancel the user's order, dispose of user's assets as held, settle any remaining open positions by reverse trading etc. The Company may exchange the user's currency at the Company's arbitrary rate, should the Company determine it as necessary. The Company does not assume any responsibility for any off-setting and loss resulting from this process.
5. Except as otherwise provided for in this Agreement, offsetting of any obligation assumed by the Company to the user against any obligation assumed by the user to the Company shall not take place.
6. Payment under this Agreement shall be made, in principle, in U.S dollar to be debited from the user account. However, in cases separately determined by the Company, it may become necessary to pay relevant fees by the withdrawing of virtual currency from the user account.

Article 7 (User Account)

1. The user holds the user account upon completion of the registration process specified in Article 3. The user shall be able to access this service and manage their virtual currency and money following the opening of their user account.

2. However, notwithstanding the preceding paragraph, should the Company reasonably determine that the virtual currency or money in the user account relates to criminal proceeds, the Company may take such measures as freezing the user account.
3. For the purpose of conducting transactions using this service, the user shall be able to deposit money into the user account by a method of remittance from the deposit account of a financial institution designated by the Company, or by a method prescribed by the Company. In addition, the user shall be able to transfer virtual currency into the user account by a method prescribed by the Company. The deposit of money or virtual currency shall be considered received at the point in time when the Company can reasonably recognize the deposit or the sending of the virtual currency, rather than at the time of the completion of the transfer by the user or other instances.
4. The Company shall respond to user's request for the refund of money from the user account or the transmission of virtual currency according to the method prescribed by the Company. The user shall designate the bank account to which the money is to be transferred (limited to a bank account in the name of the user) or the destination of the virtual currency at the user's own risk and the Company shall transfer to the money or virtual currency to the said bank account or destination in accordance with the instructions received from the user. However, in depositing money or relocating virtual currency, the Company shall bear no responsibility for such money transfers or virtual currency transmissions. Additionally, the Company accepts no responsibility regarding the accuracy or effectiveness of the information provided by the user pertaining to the transfer or transmission destinations whatsoever.
5. Except as otherwise notified by the Company based on reasonable grounds, in principle, from the date of request for a refund of money or the transmission of virtual currency as described in the preceding paragraph, the refund of money or the transmission of virtual currency shall take 2 bank business days from the date of such request being received. However, regardless of a request for refund or transmission from the user, should there be inadequate money or virtual currency in the user account, the Company may cancel the request for the refund or transmission.
6. Should money entrusted to the Company by the user not be used for the purchase of virtual currency over an extended period, the Company may, without prior notification to the user, refund the money by transferring it to the deposit account specified by the user, without the prior obtaining of the user's consent.
7. The company shall manage the money and virtual currency from the users held by the Company separately.

Article 8 (Usage of this Service)

1. The user may use this service during the period they are validly registered as a user, acting within the scope of the purpose of this Agreement and at no time in violation of the terms of this Agreement and in accordance with the methods prescribed by the Company. In using this service, user acknowledges having carefully read this Agreement, explanatory documents provided on our website, risks and all other relevant information. The user understands the content, mechanisms and risks associated with this service including those pertaining to the purchase and sale of virtual currency and agrees to use this service under their own judgment and responsibility.
2. Preparation and maintenance of computers, software and any other equipment, communication lines or other communication methods necessary for receipt of the service provided shall be made at the expense and responsibility of the user.
3. According to their usage environment, user shall undertake all security measures necessary for the prevention of computer virus infection, prevention of unauthorized access and prevention of information leakage at their own expense and responsibility.
4. Should the user cause damage the Company by violating the terms of this Agreement or by other means connected with their use of this service, the user shall compensate the Company for the damage caused.
5. In “Sherolex”, the Company provides a forum to match users who want to sell virtual currencies (hereinafter “sellers”) with users they want to buy (hereinafter “buyers”). In certain circumstances, the Company may become a party to such buying and selling. The Company does not promise or guarantee the establishment of virtual currency trading to the user.
6. Sellers and buyers shall submit orders for the sale and purchase of virtual currency according to such methods as defined by the Company. The price at which virtual currency is purchased and sold is determined through the matching of the prices presented by the buyers and the sellers. The Company does not take any responsibility in relation to pricing.
7. When the prices presented by both parties are a match, it is deemed that a contract for the purchase and sale of virtual currency has been established between the buyers and sellers. User preliminarily acknowledges that they cannot withdraw from being bound by such conditions as are in place at the time of the creation of the contract.
8. The Company shall decide on whether to voluntarily undertake countermeasures and which if any countermeasures to undertake should air drops or branching due to hard forks, changes to the specifications of virtual currencies etc. occur. The Company shall not accept any responsibility in cases where it does not take countermeasures or if damage to users or third parties occur.

Article 9 (Prohibited Acts)

1. In using this service, the user shall not take any action corresponding to any of the following:

   (1) Acts infringing upon the intellectual property rights or publicity rights of the Company, those of other users of this service or those of other third parties (including acts to directly or indirectly induce such infringement);

   (2) Acts which engage in the commercial use of the copyrights, publicity rights and other intellectual property rights of the Company without the prior consent of the Company or the reprocessing of Company materials to be furnished to third parties;

   (3) Acts infringing upon the privacy rights, reputation, or privacy interests of the Company, our affiliate companies or subsidiaries or any person related to the Company, other service users or third parties (including acts which either directly or indirectly elicit such infringement);

   (4) Acts of fraud or solicitation for the purposes of engaging in a pyramid scheme; the purchase or sale of illegal goods and services; the transfer of revenue received from criminal acts or the utilization of services associated with criminal acts;

   (5) Acts related to criminal acts or acts contrary to public order and morals;

   (6) Acts of sending information concerning the private relationships of couples;

   (7) Acts of solicitation such as engaging in advertising towards other users (without the prior consent of the Company);

   (8) Acts which violate laws and regulations or the internal regulations of the Company or those of the industry to which the Company belongs;

   (9) Acts which correspond with the double-spending of virtual currency or acts which attempt to do so;

   (10) Acts of sending information which includes computer viruses and other harmful computer programs; or acts of destruction or obstruction of the system, server, network or any other functions managed by the Company, or causing an unnecessarily excessive burden upon same;

   (11) Acts which manipulate systems, servers or networks; create errors, bugs, security holes or other defects related to this service as managed by the Company;

   (12) Acts of tampering with information that may be utilized in the provision of this service;

   (13) Acts of transmitting data in excess of the data capacity specified by the Company;

   (14) Acts which may interfere with the operation of the service provided by the Company;

   (15) Acts which deliberately steal assets of users, the Company or affiliated companies by means of a replay attack;

   (16) Acts of circulating rumours and untruths about the Company, which damage the credibility of the Company, or the use of extortion against the good reputation of the Company;

   (17) An act of the same individual creating multiple user accounts;

   (18) An act of multiple individuals using a single user account or an act of causing a third party other than the user to engage in the use of the user's account;

   (19) An act of opening or attempting to open a user account with the name of another person (including a fictional person), or the act of providing false information to the Company regarding all or part of the registration information pertaining to the user account;

   (20) Except in the event of the user obtaining prior written consent from the Company, by using information obtained via the use of this service to provide this or a similar service (including but not limited to virtual currency trading transactions, transfer of virtual currency, delivery of settlement or price information etc.) to third parties for commercial purposes, done either personally or through a controlled subsidiary;

   (21) Actions which amount to market manipulation or impede fair price formation in “Sherolex”;

   (22) The act of allowing money from a third party other than the registered user to be deposited in the user account, or dispensing money from a user account to a third party (exception when explicitly permitted by the Company in advance);

   (23) To perform or attempt to perform arbitrage transactions or other similar acts aimed at obtaining profits through the pricing difference of different currency pairs within this service;

   (24) Other acts deemed as inappropriate by the Company.

2. Should the Company determine that the user has or may have engaged in any of the activities detailed of the preceding paragraph; the Company may, at its complete discretion and without prior notice to the user, delete all or part of the transmitted information, delete or freeze the relevant user account, virtual currency etc. of the user. In the event of other currencies being traded by the user, the company may engage such measures as confiscation or restoration of the original positions based on exchange rates defined by the company. In doing so, the Company shall not be obligated to return documentation etc. received from the user. The Company does not accept any responsibility for damages caused to users resulting from the measures taken by the Company as outlined in this section.
3. Should a user conduct any of the acts outlined in paragraph 1, the Company may charge the user a penalty as prescribed by the Company.

Article 10 (Suspension of this Service)

The Company may cease or suspend all or part of the use of this service to some or all users, without prior notification, in the event of any of the following:

(1) In the event of periodic or urgent inspection or maintenance work being carried out to the computer system related to this service;

(2) In the event of an accident causing a breakdown in the computers, communication lines etc. of the Company;

(3) In the event of it not being possible to operate the service due to force majeure events such as fire, power failure, natural disasters, war, political change, strikes, changes to law or regulations, or a sudden change in the legal currency or virtual currency environments;

(4) In the event of the theft of assets of the Company due to hacking or other such methods;

(5) In the event of a malfunction in any of the computer systems necessary for the provision of the service;

(6) In the event of investigating the misuse of a user account;

(7) The Company deems it necessary to undertake an investigation having regard to the laws, regulations, our own Company rules or the internal rules of industry associations to which the Company or the user belong;

(8) Should the Company determine or suspect that money or virtual currency in the user account relates to the proceeds of crime;

(9) In the event of the liquidity of the virtual currency rapidly declining;

(10) Should the Company decide that it will not manage some or all of the virtual currency or related services as a result of branching due to the occurrence of a hard fork or other such changes in virtual currency specification;

(11) Should the Company determine that it is not possible to continue providing the service due to changes in laws, regulations, policies, social conditions etc.;

(12) In any other situation which the Company deems suspension or interruption necessary.

2. The provision of this service may be terminated by the Company as it deeds appropriate in the circumstances. In this event, the Company shall notify the user in advance.
3. The Company may suspend the provision of this service without prior notice to users should a difficulty relating to the availability of virtual currency arise.
4. The Company does not accept any responsibility for damages caused to users resulting from measures taken by the Company as outlined in this section.

Article 11 (Downloading Precautions)

At the beginning or throughout the use of this service, when installing software etc. on registered user's computer or other devices by downloading from our website or other methods, the user shall proceed with sufficient care and caution to ensure that any data held by the user shall not be altered or lost, and that their computer equipment will not be damaged or broken. The Company does not accept any responsibility for any such damage or loss.

Article 12 (Attribution of Rights)

1. All ownership rights and intellectual property rights relating to the Company's website and this service are attributed to the Company or licensees of the Company. Permission to use this service is based on the terms stipulated in this Agreement and contained on our website. Permission to use this service does not grant permission to use the intellectual property of the Company or licensees and, as such, users shall not infringe upon the intellectual property rights of either the Company or licensees of the Company for any reason (including but not limited to disassembling, decompiling, reverse engineering).
2. The Company may freely use (copy, duplicate, modify, re-license to third parties etc.) the text, images, moving images or other data that the user posts or otherwise transmits on the Company website or in the use this service.

Article 13 (Cancellation of Registration)

1. Should any of the events listed below occur, the Company may temporarily suspend the user's use of this service or cancel the user's registration without prior notification:

   (1) Should the Company determine that there has been a violation of any provision of this Agreement or there exists the risk of such violation;

   (2) Should the Company determine that there is false information in the registration information provided;

   (3) Should the Company determine based on reports etc. that the user has used or intends to use this service for any purpose that could cause damage to the Company, other users or other third parties, or to inquire about public agencies, self-regulatory bodies or other third parties;

   (4) In the event of interference with the operation of this service, however so caused;

   (5) Cancellation or impossibility of payment; upon the filing of a petition for commencement of bankruptcy proceedings, commencement of civil rehabilitation proceedings, commencement of corporate reorganization proceedings, commencement of special liquidation proceedings or other such similar proceedings;

   (6) When user has dishonoured bills or checks either made or underwritten by the user, or when the user is suspended from making transactions by a clearing house;

   (7) In the event of seizure, provisional seizure, injunction, or a petition for compulsory execution or auction;

   (8) When the necessary fees due to the Company are not paid by their due date;

   (9) In the event of the user being tax delinquent regarding their taxes and or duties;

   (10) In the event of death or upon receiving a judgment on the commencement of Guardianship, commencement of Curatorship or judgment for commencement of Administration;

   (11) Should there be no use of this service for more than 3 months and no response is received following the Company's efforts to contact you;

   (12) Should the Company determine that there is a possibility of an occurrence corresponding with those listed in Article 3, paragraph 4;

   (13) Should the user assume an aggressive manner towards the Company or employees via communication means such as telephone, fax, mail, messaging etc.;

   (14) Should the Company receive an instruction, request etc. to do so from a public institution or self-regulatory organization;

   (15) In other situations that the Company determines the continued registration of the user as not appropriate.

2. Should any of the events listed in any of the preceding paragraphs occur, the user shall lose the timing benefit associated with the due date for any obligation owed to the Company and must instead immediately pay the entire amount of any obligation outstanding to the Company.
3. The Company does not accept any responsibility for damages caused to users resulting from measures taken by the Company under this section.
4. Users may cancel their user registration by notifying the Company in a manner prescribed by the Company.
5. In the event of cancellation of registration, the Company may settle the entire balance at any time without providing prior notice to the user or receiving consent from the user. At the time of cancellation, the Company may need to withdraw fees (user fees, withdrawal fees etc.) from the user's authorised bank account; following which, should a surplus remain in the user's authorised bank account, it shall be transferred to the user. In the event of a deficit, the user shall pay the deficit amount or transmit a sufficient amount of virtual currency to the Company.
6. Any costs incurred shall be borne by the user. Should there be any shortfall of money the user owes to the Company, the user shall make payment to the Company immediately.

Article 14 (Disclaimer)

1. The Company does not assume any responsibility nor provide any warranty (including warranty of defect) with respect to the information provided and introduced by the Company, the ICOs (Initial Coin Offering) managed by the Company, the sale or purchase of virtual currency, other related services or towards the value, function, stability, intended use, actual use etc. of virtual currency. Furthermore, even should the user obtain information pertaining to the service offered or information on other users either directly or indirectly, the Company does not guarantee the user anything beyond that stipulated in this Agreement.
2. Whereas the Company shall provide services for the purchase and sale of virtual currency and provide a forum for users to buy and sell virtual currency, the Company has no obligation to establish the user's order. Therefore, should the user's order not be fulfilled, or in the event of invalidation, cancellation or other events affecting the formation or validity of a sales contract between users, the Company shall not assume any responsibility to compensate the user for any damages incurred. In the event of the user's input error or other action, a failure or disabling of the Company operating system, the Company or third-party communication systems or equipment due to natural disaster, cyberattack or any other cause, the Company may deactivate or limit the user's order, invalidate the user's order, delay the execution of the user's order or enforce unintended orders. However, the Company will not assume any responsibility in the event of damage to a third party. Additionally, the user understands and agrees in advance that there is a possibility that the result may be a transaction that the user does not intend depending on the type of order, market situation, etc. The Company will not accept any responsibility in the event of damage to the user or third parties resulting from same.
3. It shall be the responsibility of the user to assess whether the use of this service violates any laws, internal rules of industry organizations, etc. applicable to the user, at the user's own expense. The Company does not give any guarantee that the use of this service conforms to laws, internal regulations of industry organizations etc. applicable to the user whatsoever.
4. Transactions, communications, disputes, etc. arising between the user and other users or third parties in relation to this service or the Company website shall be managed and resolved entirely as the user's responsibility; the Company does not accept any responsibility whatsoever in relation to same.
5. The user shall make use of this service and the Company website at the user's own risk. The Company does not guarantee the validity or compatibility of websites and services to user's computer equipment and environment.
6. The Company may suspend, terminate, disable or change the contents of the service or may delete or lose the user's messages, data, information or cancel the registration of the user. The Company assumes no responsibility for either damage to equipment or any other compensation for damages suffered by the user in relation to same.
7. Even in circumstances where our website provides links to other websites or links from other websites are provided to our website, the Company does not assume any responsibility for any information held on any website other than the Company website.
8. The Company may arbitrarily regulate or limit trading for legal, regulatory or security purposes and for the prevention and investigation of abnormal or illegal transactions. The Company shall not be held liable for any damages, etc., caused either directly or indirectly in relation to same.
9. Should the Company determine that the presentation price is abnormally out of line with prevailing market price, for reasons such as a malfunction in the system or other reason leading to the formulation of an unfair price, the abnormal price may be invalidated, and the user may cancel relevant transactions made at the time of the existence of the abnormal price. However, the Company does not assume any responsibility for any losses incurred either directly or indirectly.
10. The Company is subject to laws, regulations, Cabinet Orders, circulars, rules, orders, notices, ordinances, guidelines and other restrictions on virtual currencies (hereinafter “laws and regulations”), should the user suffer damages as a result of future changes to the taxation system, including changes to the relevant consumption tax, the Company shall not be held liable for compensating for such damages.
11. Should the user suffer damages due to future changes to the taxation system, including changes allowing the laws governing virtual currency and related consumption taxes to be enacted retrospectively, the Company assumes no responsibility to compensate the user for such retrospective damages.

Article 15 (Dispute Resolution and Damages)

1. Should the user cause damage to the Company by violating the terms of this Agreement or by means connected with their use of this service, the user shall compensate the Company for the damages caused.
2. The Company shall not be held liable for any damages suffered by the user in connection with their use of this service. Even should the Company assume liability for damages to the user regardless of the provisions of this section or other sections which exempt the Company from liability for damages due to the application of the Consumer Protection Laws or for any other reason; the upper limit on damages for which the company may be held liable shall be the fee rendered for the service received by the user during the month previous to which the event occurred.

Article 16 (Confidentiality)

1. “Confidential Information” as used in this Agreement shall be defined as any information contained in the contract or services provided to the user, information the user received from the Company either in writing, verbally or in any other recorded medium, and encompasses all information concerning commercial, financial, organizational and other related matters. However, the following information is excluded from the definition of confidential information.

   (1) Information that was publicly known at the time it was disclosed by the Company to the user or information that has become publicly known since the time it was disclosed to the user;

   (2) Matters that became publicly known through publication or other means after being provided to the user, due to reasons not within the scope of the user's responsibility;

   (3) Information properly acquired from a third party without the obligation to maintain confidentiality or information which the user is authorized to disclose;

   (4) Information which developed independently of the confidential information;

   (5) Information which the company has confirmed in writing need not be considered confidential.

2. The user shall use confidential information only for the purpose of using this service and shall not disclose or otherwise provide the Company's confidential information to third parties without written consent of the Company.
3. Notwithstanding the provisions of paragraph 2, the user may disclose confidential information when required to do so by law, court or government agency order. However, in the event of such an order being received by the user, the user must notify the Company of same promptly.
4. Whenever requested to do so by the Company, the user shall without delay return or destroy all written or other material recorded on any medium containing the confidential information, together with all copies thereof, in accordance with the instructions of the Company.

Article 17 (Changes to Terms and Conditions)

1. The Company may freely change the contents of the service offered.
2. The Company may change the terms of this Agreement including the rules and regulations concerning the service to be posted on our website. In the event of changes to this Agreement, the Company shall notify the user of the changed content, and following such notification, should the user continue to use this service or within the period specified by the Company fail to initiate procedures for cancellation of user registration, the Company shall consider the user as having agreed to the said changes made to the Agreement.

Article 18 (Notifications)

1. Inquiries about this service or any other contacts or notifications from the user to the Company, concerning either notification of changes to this Agreement or any other contact or notification from the Company to the user shall be made in the manner prescribed by the Company.
2. User cancellation shall be done in accordance with the terms of this Agreement.

Article 19 (Assignment of Rights)

1. The user may not transfer, assign, set collateral, or otherwise dispose of their status, rights or obligations under the contract or this Agreement to third parties without the prior written consent of the Company.
2. Should the Company transfer the business pertaining to this service to another company, the Company shall transfer some or all of the Company's rights and obligations under this Agreement. Furthermore, user registration information and other customer information shall also be transferred to the assignee and the user agrees in advance, in this section, with respect to such assignment. In addition, the business transfer set forth in this section refers not only the normal transfer of business, but also company division all other such business transfers.

Article 20 (Governing Law and Jurisdiction)

This Agreement is governed by the laws of the British Virgin Islands (BVI), and regarding any dispute arising out of or relating to this Agreement, the BVI Magistrate's Court shall be the Court of first instance, with exclusive jurisdiction.

Article 21 (Resolution by Consultation)

In the event of doubt concerning matters either not stipulated for in this Agreement or for the interpretation of any part of this Agreement, the Company and the user shall promptly resolve such issues through consultation in accordance with the principles of mutual respect and good faith.

Enacted March 30, 2018