This document is a legally binding agreement. Carefully read and understand these terms before participating in the TNT Token claim process on the Tangle Network. By participating in this claim, you, the Participant, confirm your agreement to these Terms and Conditions and to the General Terms of Service and Privacy Policy of Spider Webb BVI (the “Corporation”). Should you disagree with these terms, please refrain from participating.
Participation is exclusively for investors who have entered into the SAFE and Warrant agreements with Spider Webb Tech Inc. as of [Date].
Eligible investors are those who have fulfilled the conditions stated in the SAFE agreement and hold rights to tokens as specified in the Warrant to Purchase Tokens agreement.
To claim TNT tokens via our Interface, you must have the legal capacity to form a binding contract. This implies that you are at least the age of majority in your jurisdiction (e.g., eighteen years old) and possess the full right, power, and authority to comply with the terms of this agreement both for yourself and any entity you represent.
Our Interface and the claim of TNT tokens are NOT offered to persons or entities resident in, citizens of, incorporated in, or having a registered office in Myanmar (Burma), Canada, China, Cote D'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People’s Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, the United States, the Russian Federation or any other state, country or region that is subject to sanctions enforced by the United States, the United Kingdom or the European Union. We strictly prohibit use by such Restricted Persons, including attempts to access or use our Interface via a Virtual Private Network (VPN) or similar methods.
You bear sole responsibility for adhering to all applicable laws and regulations concerning your use of the Interface. This includes the responsibility for reporting and paying applicable taxes. You must not use the Interface in any way that violates applicable laws or facilitates illegal activities.
By using our Interface, you represent that you are not subject to sanctions or designated on any prohibited or restricted parties list, including but not limited to those maintained by the United Nations Security Council, the European Union, or other relevant authorities.
You represent that accessing the Interface in your jurisdiction is lawful. You must not access or use our Interface in any jurisdiction where such action would be contrary to local law or would require us to comply with local registration requirements. We reserve the right to limit the availability of our Interface at our sole discretion.
You agree not to access the Interface through any technology or method that circumvents these Terms, including the use of VPNs to disguise your location.
We reserve the right to disable or restrict access to the Interface at any time for breach of these Terms. This includes limiting access based on geographical or legal jurisdiction at our sole discretion. We are not liable for any losses or damages resulting from restricted access.
TNT tokens, issued in connection with this disclaimer, are utility tokens for use within the Tangle Network and are not to be construed as securities or investments.
The value and liquidity of TNT tokens are subject to market conditions.
Commencing one month after the network launch, the tokens will be distributed to the claimant in equal monthly installments over 24 months. Each month, 1/24th of the total tokens owed will be unlocked and made available to the claimant.
The tokens are subject to non-transferability restrictions during the lockup period. This means that tokens which have not yet been released according to the above schedule cannot be sold, transferred, pledged, or otherwise disposed of until they are unlocked.
Investors agree to adhere to this lockup and distribution schedule as part of the terms for claiming TNT tokens, ensuring alignment with regulatory requirements and the terms of the SAFE and Warrant agreements.
By claiming TNT tokens, investors affirm adherence to the terms of the SAFE and Warrant agreements, including any restrictions on transfer, sale, or pledge of tokens.
The claiming of TNT tokens aligns with the equity rights and conversion clauses as outlined in the SAFE and Warrant agreements.
Necessary personal information, including blockchain wallet addresses, will be collected for participation, as detailed in our [Privacy Policy LINK].
Investors reaffirm their status as accredited investors as defined in the SAFE agreement.
Investors acknowledge their understanding of the terms, including the nature of TNT tokens and associated risks.
These terms shall be governed and construed in accordance with the laws of the State of Delaware, as stipulated in the SAFE agreement.
By participating in the TNT Token claim, investors agree to these terms and conditions, which integrate and adhere to the SAFE and Warrant agreements, including the two-year token lockup period.