BnkToTheFuture ®

TERMS AND CONDITIONS OF USE OF THE BNKTOTHEFUTURE.COM ONLINE INVESTMENT PLATFORM

1. INTRODUCTION

   Please read these terms and conditions of use of the BnkToTheFuture Online Investment Platform including the Schedule (Terms) carefully before signing up as a user of any of the products or services (Services) offered on the www.BnkToTheFuture.com website (Website). These Terms will apply to your use of the Website as well as to any Services you use, in addition to any supplemental terms and conditions you may be required to agree to, in order to access those particular Services. The Terms constitute a binding agreement between you, as the user of the Website and any Services and each member of the BF Group (as defined below). Your use of the Website and/or any Services will confirm your acceptance of these Terms. Please note that changes may be made to the Terms from time to time to reflect changes to the Services offered, changes to applicable laws or regulations or other changes that any member of the BF Group considers desirable. Any such changes will be published on the Website and your continued use of the BF Platform shall be your consent to such changes.

2. DEFINITIONS

In these Terms, capitalised terms have the following meanings:

Account	means your user account on the BF Platform, including your User Data and Account Balance.
Account Balance	means, at the applicable time, the balance of funds credited to your Account and held by or on behalf of the BF Group or subsidiaries in one or more client accounts.
Affiliate	means, in relation to any person, any other person that directly or indirectly controls, is controlled by or is under common control with that person.
BF Content	means content generated by the Platform Operator that may be displayed on the Investor Page. All information included in such content is provided by the applicable Investee Entity to the Platform Operator and is presented by the Platform Operator in good faith.
BF Global	means BF Global, a Cayman Islands exempted company with registered number 344615.
BF Group	means BF Global, the Platform Operator, the Platform Company, BTF Admin, BTF HK and any of their Affiliates from time to time.
BF Platform	means the online investment platform comprised of the Website and the Services operated by the Platform Operator.
BF Staff	means all individuals who represent the BF Group, including, but not limited to, contractors, agents, consultants, partners or other parties working on behalf of the BF Group.
BF Token (BFT)	The membership and rewards crypto tokens issued by the Platform Operator, as more fully described in the white paper at http://bf-token.BnkToTheFuture.com/pdf/whitepaper.pdf.
BF Wallet	means the digital wallet application owned and operated by BF Global.
BTF Admin	means BnkToTheFuture Admin Limited, an English company with registered number 07903799.
BTF HK	means BnkToTheFuture (HK) Limited, a Hong Kong company with registered number 2205217.
Broker Member	means a Member that is authorised to act as a broker dealer for Investor Members to facilitate their investments on the BF Platform, generally to satisfy legal and/or regulatory restrictions in an Investor Member's home jurisdiction.
Control	means the power or authority, whether exercised or not, to direct the business or management of a person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise.
Digital Wallet	means a digital profile representing a balance of Funds held, that allows the user to hold and transfer such Funds in an electronic format.
Electronic Transactions Law	means the Electronic Transactions Law (as revised) of the Cayman Islands.
Escrow Account	means one or more bank accounts and/or Digital Wallets (as applicable) that are created to hold the Funds of Investor Members during a PItch. The operation of the Escrow Account may be carried out by the Platform Company as a service for the Platform Operator. Or in the case of US Investor Members their Pitch investments will be held by PrimeTrust in a specified Escrow Account set up for a Pitch.
Escrow Agent	means the agent indicated in the Investment Agreement, who is appointed by the Platform Company to hold funds until the Platform Company communicates to the Escrow Agent the Completion Determination (as defined in the Investment Agreement). The Escrow Agent may vary from time-to-time depending on the jurisdiction of Investor or the type of transaction. For bank card payments the Escrow Agent is Prime Trust (Prime Trust LLC offers trustee and fiduciary services and is a “bank” under the SEC Rule 15c2-4 and a “Qualified Third Party” under Reg CF and are able to hold assets as a qualified third party trustee. It is incorporated and registered in Las Vegas, 330 S. Rampart Blvd., NV 89145, United States, with registration number 812236823 (File Number 021-337687)) including for non-US and US Investors. For other types of transactions involving US investors the Escrow Agent is Prime Trust. For non-US investors where the transaction is not a bank card payment the escrow agent is the Platform Operator.
Forum Content	means content generated by Members on a forum provided to them on the BF Platform for sharing content about investment opportunities.
Funding Member or Investee Entity	means a Member that is authorised to submit a Pitch on the BF Platform.
Funds	means any fiat currency or any non-fiat electronic currency (including, without limitation, crypto-currencies such as Bitcoin and Ethereum).
HNW Person	means a high net worth person, as defined in the SIBL.
Investee Entity	see Funding Member above.
Investee Securities	means any shares or other equity interests, debt securities, blockchain tokens or any other unitised representations of value that may be, or have been, invested in by Investor Members through a Platform SP pursuant to a Pitch.
Investment	means an indirect investment in Investee Securities offered by a Funding Member through the BF Platform, represented by Platform Company Shares.
Investment Agreement	means a standard form investment agreement available on the BF Platform, between an Investor Member, the Platform Operator, the Platform Company and the applicable Platform SP, setting out the terms and conditions on which the Investor Member may make a specified Investment (pursuant to a Pitch or by acquisition from another member on the Secondary Market).
Investor	means an Investor Authorised Member that invests in Shares of a Platform SP.
Investor Member or Investment-Authorised Member	means a Member that has been authorised to make Investments through the BF Platform.
Investor Page	means the investor page on the BF Platform containing Pitches.
IPO	means, in respect of an Investee Entity, any initial public offering of its Investee Securities.
Member	means any person that has established an Account, whether such person is a User, Investor Member, Premium Member, Broker Member, Funding Member or any other category of Member from time to time.
Non-Disclosure Agreement	means a standard form non-disclosure agreement available on the BF Platform, between an Investor Member and the Platform Operator, setting out certain confidentiality terms and conditions that will apply to the Investor Member in relation to a specific Pitch.
Payment Gateway	means any payment method made available to Members by the BF Platform from time to time, which may include, without limitation; credit and debit card payments through third party service provider PrimeTrust.
Payment Information	means any payment data required by the BF Platform and/or any third party Payment Gateway provider to process a Member's payment through that Payment Gateway.
Pitch	means the submission of and investment opportunity in Investee Securities submitted to the BF Platform by a Funding Member.
Pitch Agreement	means a standard form pitch agreement available on the BF Platform, between a Funding Member, the Platform Company and the Platform Operator, setting out the terms and conditions on which the Funding Member may submit a Pitch on the BF Platform.
Pitch Content	means any information that is presented on the Investor Page including slides, videos, information and documentation produced by the Investee Entity.
Platform Company	means BnkToTheFuture Capital SPC, a Cayman Islands exempted segregated portfolio company with registered number 298427 and/or any of its segregated portfolios from time to time, as applicable, and also includes any successor thereto as the entity through which Investments are held.
Platform Operator	means BnkToTheFuture, a Cayman Islands exempted company with registered number 296093, and includes any successor thereto as operator of the BF Platform.
Platform SP	means a segregated portfolio of the Platform Company created to hold any Investment.
Premium Member	means any Investor Member that, at the applicable time, holds sufficient BF Tokens in its Account to qualify for Premium Services.
Premium Services	means access to certain Services, including, without limitation, access to certain Investments, discounts and rewards, that are only made available to Premium Members from time to time.
Prime Trust	means Prime Trust LLC, a Las Vegas company incorporated with registration number 812236823, which is a "bank" under SEC Rule 15c2-4 and a "Qualified Third Party" under Reg CF.
SEC	means the United States Securities and Exchange Commission.
Secondary Market	means a facility made available to Investor Members on the BF Platform to facilitate the transfer of existing Investments between Investor Members.
Securities Act	means the United States Securities Act of 1933, as amended.
Services	means any products or services offered by, or obtainable from, any member of the BF Group through the Website or which are otherwise made available to Members by any member of the BF Group.
Shares	means shares in any Platform SP that are issued to Investor Members to represent their indirect investment, through that Platform SP, in Investee Securities of an Investee Entity.
SIBL	means the Securities Investment Business Law (as revised) of the Cayman Islands.
Side Letter	means a supplement to an Investee Entity's Pitch Agreement in respect of a Pitch, among the Investee Company, the Platform Operator, the Platform Company, the applicable Platform SP and its Investors.
Sophisticated Person	means a sophisticated person, as defined in the SIBL.
Terms	means these Terms and Conditions of Use of the BnkToTheFuture Investment Platform.
Third Party Content	means content regarding an Investee Entity generated by third parties and not displayed on the BF Platform.
User	means a non-Member that accesses the Website and/or a Member that has not been authorised as an Investor Member, Broker Member or Funding Member.
User Generated Content	means any content, in any format, created and/or uploaded to the Website by a User.
Website	means the website at www.BnkToTheFuture.com and any sub-domains thereof (unless expressly excluded by their own terms and conditions).
You	means any person accessing or using the Website and or any Services and Your should be interpreted accordingly.

3. INTERPRETATION

   1. Unless the context otherwise requires in these Terms:
      1. the singular includes the plural and the masculine includes the feminine and neuter genders and vice versa;
      2. references to a person include natural persons, companies, partnerships, firms, joint ventures, associations or other bodies of persons (whether or not incorporated);
      3. writing and written includes any method of representing or reproducing words in a visible form, including in the form of an Electronic Record;
      4. a reference to shall shall be construed as imperative and a reference to may shall be construed as permissive;
      5. the term and/or is used to mean both and as well as or. The use of and/or in certain contexts in no respects qualifies or modifies the use of the terms and or or in others. Or shall not be interpreted to be exclusive, and and shall not be interpreted to require the conjunctive, in each case unless the context requires otherwise;
      6. any phrase introduced by the terms including, includes, in particular or any similar expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;
      7. headings are inserted for reference only and shall not affect construction;
      8. references to any statute or statutory provision include that statute or provision as it may have been, or may from time to time be, amended, modified, re-enacted, or replaced and include references to all by-laws, instruments, orders and regulations for the time being made thereunder or deriving validity therefrom;
      9. sections 8 and 19(3) of the Electronic Transactions Law are hereby excluded; and
      10. any reference to these Terms or to any other terms and conditions, agreement or instrument is a reference to these terms or, as the case may be, the relevant terms and conditions, agreement or instrument as may be amended, restated, supplemented, replaced or otherwise modified from time to time.

4. BF PLATFORM INTELLECTUAL PROPERTY

   1. The company name and stylised logo of BnkToTheFuture®, BnkToTheFuture.com®, BnkToTheFuture®, BnkToTheFuture.com® and BF® are registered trademarks owned by the Platform Operator. All rights to use these registered trademarks are reserved to members of the BF Group.
   2. The Platform Operator owns the copyright in all content displayed on or provided through the Website, other than third party images and descriptions licensed for use on the Website and any User Generated Content. No Website content may be copied, reproduced or revised without the prior consent of the Platform Operator. Copies of Website content may be saved and/or printed for personal use only.
   3. Any User that uploads any User Generated Content to the Website represents that it has the legal right to do so without infringing the intellectual property rights of any other person, and grants BF Group a royalty-free, unlimited duration, irrevocable licence to display and distribute such User Generated Content on the Website and to make use of the content in any manner the BF Group considers appropriate, in its absolute discretion.
   4. Members of the BF Group own and assert their intellectual property rights in the software, processes and Website content and Services that constitutes the BF Platform, except to the extent any such intellectual property rights are licensed from third party providers.

5. USE OF THE WEBSITE

   1. There is no age restriction for browsing the Website, but a natural person must be aged 18 or over to become a Member. Each User is responsible for checking any additional age restrictions that apply to them in their own jurisdiction.
   2. You shall not, and you shall ensure that no person using your Account shall submit any content to or otherwise use the Website or make use of any content or Services displayed on or provided through the Website in any manner that would infringe any patent, trademark, trade secret, copyright, right of publicity, or other intellectual property right of any other person or entity, or violate any law, regulation, court order or contract.
   3. You shall not, and you shall ensure that no person using your Account shall submit any content to the Website that:
      1. you know is false, misleading, non-factual, lacking of official proof and evidence or inaccurate;
      2. is unlawful, threatening, abusive, harassing, racist, prejudice, defamatory, libellous, deceptive, fraudulent, tortious, obscene, offensive, profane, or invasive of another's privacy;
      3. constitutes unsolicited or unauthorized advertising or promotional material or any junk mail, spam, or chain letters;
      4. contains software viruses or any other computer codes, files, or programmes that are designed or intended to disrupt, damage, limit, or interfere with the proper function of any software, hardware, or telecommunications equipment or to damage or obtain unauthorized access to any system, data, password, or other information of the Company or any third party; or
      5. impersonates any person or entity, including any BF Staff member.
   4. You may only use the content or Services displayed on or provided through the Website for your own personal, non-commercial purposes, unless you are a Funding Member (in which case you may submit Pitches in accordance with these Terms and a Pitch Agreement) or a Broker Member (in which case you may act as a broker for Investor Members in accordance with these Terms).
   5. You shall not take any action that imposes or may impose (as determined by the Platform Operator in its sole discretion) an unreasonable or disproportionately large load on the BF Platform's infrastructure; interfere or attempt to interfere with the proper working of the Website or any Services; bypass any measures used to prevent or restrict access to any part of the Website or any Services (or other accounts, computer systems, or networks connected to the Website); attempt to or actually override any security component included in or underlying the Website; run mail list, list serv, or any form of auto-responder or "spam" on the Service; use manual or automated software, devices, or other processes to access, "scrape", "crawl" or "spider" any page of the Website or any Services provided on or through the Website; or perform any activities through the Website that are not expressly permitted by the Platform Operator and/or these Terms.
   6. You shall not directly or indirectly decipher, decompile, disassemble, reverse engineer, or otherwise attempt to derive any source code or underlying ideas or algorithms of any part of the Website or any Services, except to the limited extent applicable laws specifically prohibit such restriction; modify, translate, or otherwise create derivative works of any part of the Website or any Services; or copy, rent, lease, distribute, or otherwise transfer any of the rights that you receive hereunder.
   7. You shall not engage in "framing", "mirroring" or otherwise simulating the Website; and you shall not use any manual or automatic mechanism for monitoring any activity conducted on or through the Website for any purpose, unless expressly permitted by the Platform Operator and/or these Terms.
   8. The Platform Operator does not guarantee the availability of the Website or any Services or that any User Generated Content will be made available on the Website. The Platform Operator reserves the right, at any time, for any reason, and without notice to: (i) cancel, reject, interrupt, remove, or suspend any Pitch; (ii) remove, edit, or modify any content, including, but not limited to, any User Generated Content; and/or (iii) remove or block any User Generated Content.
   9. The BF Group is not responsible for, does not endorse and makes no representation whatsoever as to the truth, accuracy, correctness or otherwise of any User Generated Content.
   10. The inclusion of a link to another website on the Website does not imply any endorsement or control of such website. Unless expressly stated, no websites linked to the Website are under the control of the BF Group. Accordingly, the BF Group assumes no responsibility for the content of any such websites and disclaims liability for any and all forms of loss or damage arising out of the use of them.
   11. While the Platform Operator takes reasonable steps to ensure that the Services correspond with their descriptions on the Website, it takes no responsibility for any variation between such descriptions and the actual Services provided.

6. NO INVESTMENT ADVICE

   1. The Platform Operator is registered with the Cayman Islands Monetary Authority as an arranger of deals in securities (as defined in SIBL). The BF Platform operated by the Platform Operator is designed to bring together businesses seeking investment finance with investors looking to invest in such businesses. Investor Members are required to make their own assessment of any investment opportunity presented to them on the BF Platform. Neither the Platform Operator nor any other member of the BF Group should be regarded as advising on the suitability of any investment opportunity presented on the BF Platform and, in particular, the presentation of an investment opportunity on the BF Platform should not be regarded as an implied recommendation of such opportunity by any member of the BF Group to Investor Members or any other person.

7. INVESTMENT RISK WARNING

   1. Investments through the BF Platform are speculative and are only available to sophisticated and high net worth investors as defined under Cayman Islands law. You should not make any Investment through the BF Platform if you are not able to bear the loss of your entire Investment.

8. USE OF COMMUNICATION FACILITIES

   1. When submitting any content or making any other communication through the BF Platform or any communications system provided on the BF Platform you must:
      1. not use obscene, offensive, racist, sexist, antisocial and vulgar language;
      2. not behave in a manner that may cause offense to other Users/Members and BF Staff, or behave in an antisocial way such as - online "trolling" or harassing;
      3. refrain from abusive, offensive or threatening behaviour towards other Users/Members and BF Staff;
      4. not submit any content that is unlawful or otherwise objectionable. This includes but is not limited to content that is abusive, offensive, threatening, harassing, prejudice, defamatory, attack on religious beliefs, ageist, sexist, or racist;
      5. not submit any content that is intended to promote or incite hate and/or violence;
      6. not submit any content, express opinions, ideas or beliefs without hard official proof of evidence or without legal validation that may discredit, mislead, or cause loss and harm in any way including, but not limited to, financial or personal loss and harm to any person's reputation;
      7. make all submissions or enquiries in the English language;
      8. only identify yourself by means which do not violate these Terms or any applicable law or regulation;
      9. not impersonate other people, particularly BF Staff;
      10. not use the BF Platform for unauthorised mass-communication such as “spam” or “junk mail”; and
      11. not refer to, intervene in, interfere with or intercept information relating to any ongoing investigation, litigation or dispute carried out by or involving the BF Group. Any dispute and/or litigation shall be strictly between the BF Group and the individual User and shall be kept strictly private and confidential. Any User that breaches this obligation will be liable for any direct or indirect loss or damage to any member of the BF Group, whether financial, reputational or otherwise, together with any costs of recovery from such User.
   2. You acknowledge that the Platform Operator reserves the right to record, monitor and retain copies of any and all communications made through the BF Platform.
   3. You agree that the Platform Operator may communicate with you through your Account or through other means including but not limited to email, mobile devices, smartphone devices and other digital electronic devices, telephone, or delivery services such as courier services and postal services; and that the Platform Operator may contact you to discuss your Account, the BF Platform or any Services. Please review the settings on your Account to control what kind of messages you receive from the BF Platform. You acknowledge and agree that the BF Group accepts no liability associated with or arising from your failure to maintain accurate contact details or other information on your Account, including, but not limited to, your failure to receive critical information about any Services.
   4. The BF Platform offers various forums such as "Questions and Answers" and "Network Updates", where you can post your observations and comments on designated topics and Pitches. The BF Platform also enables sharing of information by allowing Users/Members to post updates, including links to news articles and other information such as other pitches, due diligence, product recommendations, and other content to their profile and other parts of the Website, such as "Company Pages".
   5. Any questions, feedback, suggestions, comments, inquiry and or requests you post on the "Questions & Answers" section of the Website in relation to any Pitch, must not contain any false or unfounded accusation and must not intend to cause harm, damage or loss to the Funding Member that has submitted the Pitch. In the case of criticism, you may provide constructive criticism only without use of vulgar or abusive language, you will avoid criticism that may cause the Funding Member embarrassment, loss, damage or harm, or negatively affect the reputation of its Pitch, unless the criticism is justified and backed by hard or digital evidence to be legally truthful and accurate. Any information, comment and opinion you wish to express or disclose publicly in relation to a Pitch must be backed verifiable evidence or information. Any information disclosed must be factually accurate and truthful, and must not constitute defamation or a disclosure of private and confidential information.
   6. Funding Members that submit a Pitch can create "Company Pages" for free, however, the Platform Operator may close or transfer any "Company Pages", or remove any content, including any Pitch, from the Website at any time without prior notification if the content violates any of these Terms, any third party's intellectual property rights or any other law, regulation, court order or contract.
   7. Please note that ideas you post, due diligence and information you share may be seen and used by other Users/Members, and the BF Group cannot guarantee that other Users/Members will not use the ideas, due diligence and information that you disclose and share on the BF Platform. Therefore, if you have an idea or information that you would like to keep confidential and or don’t want others to use, or may be subject to infringement of third party rights due to you sharing it, do not post it anywhere on the Website. The BF Group is not responsible for any User’s misuse or misappropriation of any content or information you post on any part of the Website.
   8. You are solely responsible for your interactions with other Users/Members and BF Staff. Without any prior notification to you, the Platform Operator may in certain circumstances, prohibit, block or restrict your use of the Website or any Services and/or your communications with other Users/Members through the BF Platform. The Platform Operator reserves the right, but has no obligation, to monitor disputes between you and other Users/Members and to restrict, suspend, or close your Account at any time for any or no reason.
   9. You agree that any translation of these Terms or any other documentation relating to the BF Platform, provided to you by the Platform Operator, is for your convenience only and that the English language versions of these Terms and any such other documentation shall prevail in the event of any inconsistency.
   10. You acknowledge and agree that any communications and information you submit to the BF Platform or through any communication system provided on the BF Platform, such as posting comments and opinions on any Website forum, may be removed or modified in any way by the Platform Operator, without any prior notification, for any reason and without having to provide a reason to you, and you hereby waive your moral right to be identified as the author of such information. Any restrictions you may wish to place upon our use of your communications and information must be communicated to us in advance, yet we reserve the right to reject such terms and associated information.
   11. You acknowledge and agree that any ideas, suggestions, documents, or proposals you submit to the BF Platform through its comment, suggestion or feedback webpages, do not constitute your confidential or proprietary information; and that the BF Group is under no obligation of confidentiality, express or implied, with respect to any such submission, shall be entitled to use or disclose any such submission for any purpose, in any way, in any media worldwide. You irrevocably assign to the BF Group all rights in and to any intellectual property contained in any such submission, and acknowledge that you are not entitled to any compensation or reimbursement of any kind from the BF Group in respect thereof.

9. MEMBERSHIP

   1. All Users must first open an Account on the BF Platform to become a Member. Members are only permitted to open one Account on the BF Platform. If, upon investigation, it is discovered that a Member has attempted to open two Accounts then it is in the entire discretion of BF to terminate the duplicate account created by the Member or to consolidate the same. Creation of more than one Account by a Member is a breach of these terms and could result in all Accounts of the Member concerned being closed. Membership gives a User access to certain Services and rewards as set out in Clause 11, but a Member cannot make Investments on the BF Platform until it becomes an Investor Member.
   2. To become an Investor Member, a Member must also complete the BF Platform's customer due diligence (CDD) process, which is required for the BF Group to comply with its obligations under applicable anti-money laundering, counter-terrorist financing, anti-proliferation financing, anti-bribery and sanctions (collectively AML) laws, rules and regulations. The CDD process for Investor Members involves the Member providing such verification of its identity and source of funds/wealth as the Platform Operator may require, and an Investor Member will be required to update and/or supplement any such CDD periodically, at such intervals as the Platform Operator considers necessary or reasonable to comply with the BF Group's AML obligations. An Investor Member must also verify that it is a HNW Person or a Sophisticated Person, and, if applicable, that it falls within a specific category of professional investor within its jurisdiction. The specific verification requirements from time to time will be displayed in the verification section of your Account. In the Platform Operator's discretion, a Member may be granted Investor Member access to the BF Platform prior to completing the CDD process, but that process must be completed prior to the Investor Member making its first Investment. It is each Investor Member's responsibility to update its CDD information provided to the Platform Operator if any of the details contained therein become out of date.
   3. To become a Premium Member, an Investor Member must hold the minimum amount of BF Tokens as set out in Clause 11 and/or specified on the Website from time to time to unlock Premium Services.
   4. Broker Members are admitted to the BF Platform by separate agreement with the Platform Operator. They are authorised to act as brokers on behalf of Investor Members in certain jurisdictions where local securities regulations prevent those Investor Members making Investments on their own behalf. Where a Member is resident in an applicable jurisdiction the details of the services of the relevant Broker Member will be displayed, as such, the Platform Operator will share data about relevant Investor Members to the Broker Member. An Investor Member that invests through a Broker Member will access Services through the Website as if it were investing directly, but the Broker Member will review and assess whether the Investor Member meets the local requirements to be able to invest. Investor Members may receive communications from Broker Members regarding their due diligence provided and the Broker Member may request additional documentation or information in order to assure it that the Investor Member meets the investment qualification requirements. An Investor Member should endeavour to cooperate with the Broker Member in order to complete the due diligence necessary. At no point will a Broker Member request an Investor Member to make a transfer to it; all financial transactions are done through the Platform Operator and, where relevant, with the Escrow Agent.
   5. To become a Funding Member and submit a Pitch on the BF Platform, a User must open an Account, submit certain information relating to the Pitch, and complete the BF Platform's CDD process. The CDD process for Funding Members and their proposed Pitches, includes verifying the identity of the individual Funding Member and due diligence on the entity offering Investee Securities. Successful applicants must also enter into a separate Pitch Agreement with the Platform Operator.
   6. In certain circumstances, the Platform Operator (or third party service providers acting on its behalf) will accept self-certifications from Members in relation to their investor status for regulatory purposes, in lieu of full third party certification of such status that may be required by the laws and regulations applicable to other Members. Where self-certification is accepted, the Member submitting the self-certification will be deemed to represent and warrant to each member of the BF Group that all information contained in the self-certification is true, accurate and correct and that no information is omitted that would result in such information being misleading in any way.
   7. You acknowledge and consent to the sharing of your personal data with third party service providers for purposes of screening Members for purposes of legal and regulatory compliance, including, but not limited to, compliance with applicable international and/or national sanctions, and AML compliance. This verification work may be conducted on an ongoing basis. Due to regulatory requirements, the Platform Operator may request additional due diligence from Investor Members from time-to-time which includes matters such as source of funds, proof of address and residency, questionnaires to determine risk. Such requests may be made at any time whilst the Investor Member has an Account with the BF Platform and are an obligation to be undertaken by the BF Platform. Under no circumstances does the Platform Operator accept any liability for any delays that result from imposing due diligence requirements during or after the onboarding process with an Investor Members. Investor Members agree to cooperate in a timely manner regarding the provision of due diligence information.
   8. The BF Platform is provided on an as is basis. At times the BF Platform may experience a high demand which results in congestion of the customer support desk. This may result in a delay in the delivery of support to Investor Members. The Platform Operator endeavours to address enquiries within a reasonable period however does not accept liability for any losses, indirect or otherwise, that results from an Investor Member suffering a loss due to a delay in customer support.
   9. No person who is a direct or indirect competitor of the BF Platform (or any Affiliate of such person) may be a Member and any use of the Website to obtain information or content for any competitive purpose will be a breach of these Terms.
   10. Death of a Member
       1. Upon the death of a Member, the Platform Operator shall cooperate with the estate of the deceased Member (the Deceased) following such procedures as are required by the applicable laws. The Platform Operator requires all persons communicating with the Platform Operator as a representative of the Deceased (Personal Representative) to go through an identity verification process and to provide evidence of their authority (eg. grant of probate). The Platform Operator requires that all documents provided by Personal Representatives shall be authenticated through certification or notarisation. All such Personal Representatives will be informed by the Platform Operator of the procedures that apply in the event of an inheritance matter, such procedures to be shared with the Personal Representative at the time of an enquiry being sent to the BF Platform. The Platform Operator shall have the right to charge a reasonable administration fee for the work associated with processing any transfers in relation to the Deceased’s estate as such may pertain to assets held by the Deceased on the BF Platform.
   11. Transfer
       1. An Investor Member may apply to transfer Platform Company Shares and/or outstanding Funds from an Investor Member to another Investor Member. Upon the Investor Member’s application, the Platform Operator charges the applicant US$1,500, and proceeds with the transfer.

10. PITCHES AND INVESTMENTS

    1. All Members can access general but limited investment information on the BF Platform, but only Investor Members are able to access the full investment section, including the "Pitch Summary" page of the Website and make Investments. Clicking on any Pitch Summary will reveal additional information about the Pitch on its "Pitch Detail" page of the Website. The Pitch will include responses to questions posed by the BF Platform as well as files such as business plans, financial forecasts, slide decks, articles of association, video pitch and any shareholder agreements submitted by the relevant Funding Member. The Pitch will also include information on how much finance the business is seeking, what percentage of its equity it is offering (where applicable) and how long the Pitch will stay active (meaning for how long Investments will be accepted). The detailed Pitch is the information upon which Investor Members make an investment decision with respect to a proposed Investment.
    2. The Platform Operator has reviewed every Pitch published on the Website and taken reasonable steps to check that the information in the Pitch is fair, clear and not misleading. While the Platform Operator takes reasonable care in its review of any evidence provided for factual statements made in any Pitch, it does not audit or endorse it and will not be liable for any failure to identify forged or altered evidence or information or deliberately misleading or inaccurate statements made in any Pitch (except where such failure is the result of its gross negligence). As a result, each Investor Member will be solely responsible for performing its own due diligence on any Pitch, which can be facilitated by joining the "Pitch Investor Zone" on the Website. You should further note that the Platform Operator's approval of a Pitch for publication on the Website, does not constitute its endorsement of any aspirational statements, or statements of opinions or belief made in the Pitch by the entrepreneurs who have submitted it.
    3. The Platform Operator does not provide investment advice. Its approval of a Pitch for publication on the Website does not imply any recommendation by the Platform Operator of the proposed Investment contained in the Pitch. The BF Group will not be liable for any investment losses incurred by an Investor Member that makes an Investment based on the information contained in a Pitch. Investor Members should recognise that all Investments made on the BF Platform are speculative and no Investor Member should make an Investment unless it is prepared to bear the loss of the entire amount invested.
    4. Pitches are made available on the BF Platform for the sole purpose of Investor Members evaluating the Investments proposed therein. Any confidential information contained in a Pitch must be kept confidential and not used for any other purpose, in accordance with the terms of the Non-Disclosure Agreement Investor Members must agree to prior to viewing any Pitch.
    5. An Investor Member must enter into an Investment Agreement and provide its Payment Information at the time it pledges Funds to an Investment pursuant to a Pitch or deposits Funds into its Account for Secondary Market purchases. Payments may be made via any Payment Gateway and will be held in an Escrow Account. Where Funds are submitted for Investment pursuant to a Pitch, they will be held in an Escrow Account for the duration of the applicable funding period and then returned (if the funding goal is not reached) or released to the Platform Company to make the Investment in accordance with the terms of the Investment Agreement. Where Funds are deposited for the purpose of Secondary Market purchases, they will be held in an Escrow Account until applied to a purchase or a withdrawal is requested.
    6. Funding Members cannot cancel their Pitch while it is live on the BF Platform, but the Pitch can be cancelled at the end of its funding period. If a Pitch is cancelled, all Investor Members that have pledge Funds will have those Funds returned.
    7. Upon an Investment being funded through the BF Platform, the Funding Member responsible for the applicable Pitch shall be responsible for ensuring that the investment interests offered pursuant to the Pitch are issued to the Platform Company, as nominee for the investing Investor Members. No member of the BF Group shall be responsible for any losses resulting from a Funding Member's failure to do so, in the absence of any fraud, wilful misconduct or gross negligence on the part of such BF Group member.
    8. The Platform Operator accepts no responsibility for any failure by an Investor Member to successfully make a specific Investment as a result of any incorrect or incomplete Payment Information submitted by the Investor Member or any non-receipt of pledged Funds into an Escrow Account during the applicable funding period (for example, where Funds are sent by bank wire transfer and do not arrive in time). Any Funds pledge pursuant to a Pitch that arrive in an Escrow Account after the end of the applicable funding period will be returned. No interest will be payable on any amounts held in an Escrow Account and any interest that accrues will be retained for the benefit of the Platform Operator.
    9. Any transaction fees payable to a third party provider of a Payment Gateway when Funds are paid into an Escrow Account, returned or withdrawn from an Escrow Account will be payable in addition to the amount of any pledged Investment or deducted from any amount returned or withdrawn, as applicable.
    10. The Platform Operator may charge withdrawal fees on any withdrawal by an Investor Member from its Account at the rate published on the Website from time to time.
    11. A Funding Member that submits a Pitch shall be entitled to reject a proposed Investment by any Investor Member, for any reason or no reason. If a Funding Member rejects an Investor Member's proposed Investment, any pledged Funds submitted by the Investor Member to an Escrow Account in respect of the proposed Investment shall be returned.
    12. Any Funds that are to be returned to an Investor Member from an Escrow Account may, at the Investor Member's request be retained in an Escrow Account. Any Funds so retained will be subject to any applicable withdrawal charge, if later withdrawn.
    13. Any Funds paid into an Escrow Account by an Investor Member by bank wire transfer and subsequently returned or withdrawn, will be repaid to the same bank account from which they were originally sent.
    14. Funding Members should not take any action in anticipation of an Investment being funded through the BF Platform prior to receiving subscription Funds from the Platform Company for the investment interests offered pursuant to the applicable Pitch. No member of the BF Group will be liable to a Funding Member for any losses incurred by a Funding Member in anticipation of funding from a Pitch that does not result in an Investment though the BF Platform.

11. BF TOKEN REWARDS AND LOYALTY PROGRAM

    1. Members will be entitled to receive BF Tokens as rewards (BF Token Rewards) for providing specific services to the Platform (in accordance with offers published from time to time on the Website, to which these Terms will apply) or, in the case of Premium, Premium+ and Premium+ Partners Members, for making qualifying Investments.
    2. Membership gives a User access to reward tiers based on the completion of CDD process, as set out in the table below:

       Account Creation Stage	Verifying using BF ID	Self Certifying using BF ID	Fully Certifying using BF ID
       BF Tokens Reward Amount	1,000	1,000	1,000

    3. Members that successfully complete every step of the CDD process will be provided with an extra bonus of 2,000 BF Tokens.
    4. Members are categorised into rewards tiers based on the number of BF Tokens they hold in their Account or linked BF Wallet, as set out in the table below:

       Membership Type Rewards	BF Member	BF Premium Member	BF Premium+ Member	BF Premium+ Partner (coming soon)
       Minimum no. of BF Tokens to be staked on BF account or linked BF Wallet.	0	10,000	100,000	1,000,000
       BF Tokens Reward for verifying & certifying on BF Identity (BF ID)	Yes	Yes	Yes	Coming soon
       48 hours Priority Access Deals (PAD)	No	Yes	Yes	Coming soon
       50% Discounted Trading fee on BF Secondary Market when paid with BF Tokens	No	Yes	Yes	Coming soon
       BF Tokens Reward of 1,000 BF Tokens for every $1,000 invested on BF Primary Markets.	No	No	Yes	Coming soon

    5. A Premium+ Member will qualify to receive BF Token Rewards if it: (a) holds at least 100,000 BF Tokens in the funds section of its Account and/or linked BF Wallet; (b) invests at least US$1,000 in an Investment (other than a Secondary Market transaction, as defined in the Investment Agreement); and (iii) payment is not made by credit or debit card.
    6. Any Member that receives BF Token Rewards may only withdraw any such BF Tokens from its Account if it has made at least one qualifying Investment on the BF Platform.
    7. In the event that a Premium+ Member receives BF Token Rewards in connection with an Investment that is subsequently refunded, whether by repurchase of the Platform Company Shares issued in connection with the Investment, or otherwise, the Premium+ Member's receipt of the refund will be conditional upon its surrender of such BF Token Rewards.
    8. Members hereby acknowledge and agree that:
       1. BF Tokens Reward will be deposited in an Investor’s Account only after the share certificates have been issued and the Pitch has been closed.
       2. There is no BF Tokens Reward for making any investments through Card Payments.
       3. In case of any refunds, the Investor needs to return the BF Tokens received as a reward for the refund to be complete.
       4. The BF Tokens collected as a reward can only be withdrawn after an investor has made at least one (1) investment on the BF platform.
       5. If a BF Premium Member makes an investment between US$1,000 to US$1,999 the BF Tokens Reward would be 1,000BFT, for investments between US$2,000 to US$2,999 the BF Tokens Reward will be 2,000BFT and so on. I.e. 1,000BFT reward for every US$1,000 Invested.
       6. Investing means investing in BF Platform’s primary offerings only.
       7. The BF Group reserves the right to change the terms of the rewards program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant.
    9. Notwithstanding the provision of this Clause 11, BF Group reserves the right to unilaterally amend the terms applicable to the issue of BF Token Rewards at any time and for any reason.

12. SERVICES

    1. Where applicable, a Service will only be provided once full payment for the Service has been cleared and received, except as otherwise stated in its specific terms and conditions.
    2. All Services are provided pursuant to these Terms and the specific terms and conditions pertaining to the Service.
    3. The Platform Operator makes no representations with respect to any Service, but will exercise reasonable skill and care in the provision of any Service.
    4. If a Service is provided that does not match the Service you have paid for (subject to any reasonable alterations or modifications to such Service that the Platform Operator may implement from time to time), you should contact the Platform Operator within 7 days of purchase. If the Platform Operator does not provide you with the Service you requested within 30 days of such notification, you will be entitled to a refund of the amount paid.

13. LIMITATION OF LIABILITY

    1. To the maximum extent permitted by law, the BF Group accepts no liability for any direct or indirect loss or damage, infringements of third party intellectual property rights and/or other rights, foreseeable or otherwise, including but not limited to any indirect, consequential, special or exemplary damages arising from the use of the Website or any information contained therein by any person. Users should be aware that they use the Website and its content at their own risk. You agree indemnify and hold harmless each member of the BF Group against all damages, losses, costs and fees, including, but not limited to, reasonable legal fees and costs related to all third party claims, charges, and investigations, caused by your failure to comply with these Terms, including, without limitation, your submission of any content that violates third party rights or applicable laws or regulations, and any other activity in which you engage on or through the BF Platform.
    2. No member of the BF Group shall be liable for any damages (including any special, incidental, indirect, punitive or consequential damages) or loss of use, profit, revenue or data to you or any third person arising from your use of any Services, or any platform applications, content or other materials accessed through or downloaded from the BF Platform. This limitation of liability is part of the basis of the bargain between the parties and without it the terms and prices charged would be different. This limitation of liability shall apply to any claim, whether in equity, contract, tort, statute or otherwise; but may be varied in respect of specific Premium Services that are expressly made subject to a different limitation of liability in their applicable terms and conditions.
    3. No member of the BF Group provides business, legal, financial, tax or other advice with respect to any Investment made through the BF Platform or any other Services provided on or through the Website. All training provided on or through the Website is for your information, reference, support and guidance only (even when such training contains guidance on legal, tax or other similar issues), and should not be regarded as constituting advice, other than technical advice on your use of the Website. You will be solely responsible for any investment decision you make in relation to an Investment through the BF Platform and accordingly, if you require advice, you should seek advice from appropriately qualified professional advisors.
    4. No member of the BF Group shall be liable for any loss you incur as a result of another person gaining access to your Account with or without your consent, unless such access results from the fraud or wilful misconduct of the BF Group or any BF Staff member.
    5. Where any limitation of liability in these Terms exceeds the legally permitted limitations in any applicable jurisdiction, the foregoing limitations shall be deemed amended as necessary so that they only operate to limit the liability of the BF Group to the maximum extent permitted by the laws of such jurisdiction.
    6. No member of the BF Group shall have any obligation to take any legal action on behalf of Members on the BF Platform against the Platform Company or any Investee Entities. If BF or related party decides to proceed with legal action against an Investee Entity such action will be at its discretion and costs shall be borne by the Members interested in pursuing such action. BF is under no obligation to seek mediation or dispute resolution or negotiations or settlements with Investee Entities acting on behalf of Members.

14. FUNDING ACCOUNT AND USD*

    1. For US Investors no pre-funding of an Account is possible and all transactions are with the Escrow Account regarding any investment made into a PItch. For non-US Investor Members they are able to pre-fund their Account. Different funding methods are provided to non-US Investor Members. These funding methods may change from time-to-time and the Platform Operator is under no obligation to continue to offer a particular funding method.
    2. Investor Members are offered the ability to fund their account by transferring funds in the currency of their choice to the bank account designated by the Platform Operator. Funds not sent in US Dollars will be converted by the bank or financial institution of the Platform Operator. All Investor Members agree to the exchange rates set by the bank at the time of transaction.
    3. Balances on the BF Platform. Investor Members will have a balance displayed on the BF Platform in “USD*”. The Platform Operator, at its discretion, converts part or all of fiat currencies received into stablecoins. Details about the stablecoins that BF Platform uses can be found on the relevant sections of the BF Platform. All Investor Members should understand the risks associated with stablecoins. Those risks include but are not limited to: the issuer of a stablecoin not having sufficient reserves to satisfy the redemption of a stablecoin, the stablecoin technology suffering a technical fault or being ‘hacked’. Investor Members agree and acknowledge those risks when using BF Platform. In the event that the stablecoins held by BF Platform are subject to a technical or liquidity issue as described above (Stablecoin Loss Event) then it is likely that this will affect the balances of USD* held by the Platform Operator for Investor Members. It is likely that the price of the stablecoin in question will drop and will result in the value of the stablecoin losing its ‘peg’ to USD. If the BF Platform is holding such stablecoins then this will reduce the amount of US Dollar value backing the Accounts of Investor Members. In such circumstances the BF Platform will impose a reduction of the Account balances to adjust to the underlying Stablecoin Loss Event. The Platform Operator retains the right to, in the event of a Stablecoin Loss Event, freeze deposits, withdrawals on the BF Platform to undertake an audit of the statement of accounts and calculation of the impairment of the stablecoin assets while any adjustment is taking place. The Platform Operator disclaims any liability to the greatest extent permissible under the law for the consequences associated with Stablecoin Loss Event that affects the balances on the BF Platform. All Investor Members know and understand the risks associated with stablecoins and proceed with full knowledge and acceptance of the adjustment procedure required in the event of a Stablecoin Loss Event.
    4. In the event that an Investor Member requests a withdrawal from the BF Platform the Investor Member may request the withdrawal in the supported stablecoins on the BF Platform for withdrawal or alternatively in US Dollars. If a fiat withdrawal is requested then the Investor Member will be charged a withdrawal fee as displayed on the BF Platform.

15. CRYPTOCURRENCIES AND CRYPTOGRAPHIC TOKENS

    1. Cryptocurrency is a medium of exchange like traditional fiat currencies, using cryptography to secure the transactions and to control the creation of new units. Cryptocurrency is electricity converted into lines of code with monetary value. In the simplest form Cryptocurrency is digital currency. Bitcoin became the first decentralized cryptocurrency in 2009, and since then numerous cryptocurrencies have been created.
    2. The Platform Operator does not guarantee the value of any cryptocurrency. The value of a cryptocurrency can rapidly increase or decrease at any time. You acknowledge that the price or value of a cryptocurrency may fluctuate and that the conversion rate for converting local fiat currency into cryptocurrency (Conversion Rate) may not be the same Conversion Rate that applies when converting cryptocurrency into local fiat currency. You will always be shown the applicable Conversion Rate for a transaction on the BF Platform prior to consummating the transaction.
    3. You agree to deliver cryptocurrency with a present value equal to your funding commitment, where you have agreed to pay in cryptocurrency, regardless of changes in the Conversion Rate between the time of the commitment and the time of funding. The Services do not involve any extension of credit to you, and no credit is extended to you in connection with your use of the Services. In the event you are entitled to a refund, you will be refunded the same amount of cryptocurrency originally paid, except on pitches where funds are hedged to another currency as may happen in which case the refund will occur in the hedged currency, and the Platform Operator shall have no liability for any losses resulting from a change in the Conversion Rate since that time. No member of the BF Group is responsible for any losses due to any failure or delay in processing any cryptocurrency payment.
    4. A virtual currency network is a network of computers operated by individuals or entities known as miners, who voluntarily participate in the process of confirming transactions on the network. These computers (known as "mining rigs") compile a list or block of pending transactions, verify that each transaction in the block is valid and does not involve an attempt to double-spend coins, and attempt to complete a mathematical algorithm that determines whether the block may be added to the public ledger of confirmed blocks, called the blockchain. Typically, miners receive: (i) an amount of virtual currency as a reward for any confirmed transaction, generated automatically via the virtual currency mining protocol; and (ii) any fees voluntarily included within the block by the individuals who initiated the proposed transaction ( miners fees). Since miners verify virtual currency transactions on a voluntary basis, it is customary to include a miners fee to provide an incentive to the miners to add a proposed transaction to the next block for confirmation via the virtual currency network. Any miners fees incurred in connection with contributions to or returns or withdrawals from an Investor Member's Account, will be borne by the Investor Member.

16. CARD PAYMENTS AND BANK TRANSFERS

    1. The BnkToTheFuture platform works with PrimeTrust to provide you with online card payment services. Payments made by card by Investor Members are processed by PrimeTrust. By using card payment as a method of payment you agree to the terms of PrimeTrust including their terms relating to transaction fees and refunds. For information regarding PrimeTrust terms and conditions contact BF Support.
    2. You agree to the sharing of your personal data between the Platform Operator (BnkToTheFuture) and PrimeTrust in connection with your use of the PrimeTrust Payment Gateway and your use of any Services. If you are resident in the European Union, you hereby agree to any of your personal data held by BF being sent outside the European Union for the aforementioned purposes. Further information on the BF Group's use of your personal data is set out in our Privacy Policy, published on the Website.

17. DATA PROTECTION PROCEDURES

    1. All BF Staff members are required to comply with the procedures set out in our Data Protection Procedures Policy, which is published on the Website.
    2. The BF Group (and third parties acting on its behalf) will use your information for the legitimate purposes of:
       1. understanding and meeting your needs and preferences in using the Services;
       2. developing new Services and enhance existing Services;
       3. manage and develop its business and operations;
       4. carrying out any purposes for which you have given your consent; and meeting legal and regulatory requirements.
    3. The BF Group also reserves the right to use aggregated personal data to understand how Users use the Services, provided that no individual can be identified from such data.
    4. The BF Group uses Google Analytics, which is a web analytics tool to help understand how Users engage with the Website. Like many services, Google Analytics uses first-party cookies to track user interactions, as with the BF Platform, where they are used to track information about how Users use the BF Wallet. This information is used to compile reports and help the Platform Operator improve the Website. The reports disclose BF Wallet trends without identifying individual visitors. You can opt out of Google Analytics without it affecting your use of the Website. For more information on opting out of being tracked by Google Analytics across all websites you use, visit https://tools.google.com/dlpage/gaoptout.
    5. The BF Group also use Firebase and Crashlytics, a tool that assists in the collection of anonymous data.
    6. The BF Group will process your personal data legally and fairly and not use it outside the purposes stated in these Terms or on the Website. The BF Group will use its reasonable endeavours to ensure that all your personal data it holds is accurate and up to date.

18. TAXES

    1. You are reminded that it is your responsibility, and not the responsibility of any BF Group member, to pay any taxes due and make any required tax filings in any jurisdiction where you are tax resident, in respect of any Investment income or gains. It is also your responsibility, and not the responsibility of any BF Group member, to reclaim any tax withheld in respect of any Investment income or gains, where you are entitled to do so, and to claim any other type of tax relief to which you may be entitled in respect of any Investment income or gains.

19. TERMINATION

    1. Your Account may be terminated by the Platform Operator at any time, in which case: (i) any balance of your Account, including any amount held in an Escrow Account, will be returned to you without any deduction of withdrawal fees, but after deduction of any other amounts owed by you to any member of the BF Group; and (ii) any underlying securities held by the Platform Company in respect of your Investments will be distributed to you in accordance with the applicable Investment Agreement(s) and, to the extent any such distribution is not possible, will continue to be held by the Platform Company on the terms of the applicable Investment Agreement(s) and these Terms.
    2. You may terminate your account at any time, in which case: (i) any balance of your Account, including any amount held in an Escrow Account, will be returned to you after deduction of withdrawal fees and any other amounts owed by you to any member of the BF Group; and (ii) any underlying securities held by the Platform Company in respect of your Investments will, to the extent possible, be distributed to you in accordance with the applicable Investment Agreement(s) and, to the extent any such distribution is not possible, will continue to be held by the Platform Company on the terms of the applicable Investment Agreement(s) and these Terms.

20. NO WAIVER

    1. No failure to exercise any right or remedy that a person may have under these Terms shall operate as a waiver of that right or remedy.

21. ENTIRE AGREEMENT

    1. These Terms, together with any supplemental terms and conditions you are required to agree to access specific Services on the Website, constitute the entire agreement between you and each member of the BF Group in connection with your use of the Website, the BF Platform and any Services accessed on or through the Website or the BF Platform.

22. ASSIGNMENT

    1. The rights and obligations of any member of the BF Group under these Terms are assignable to any other member of the BF Group from time to time, and in particular shall be deemed automatically assigned to the successor upon the replacement by the BF Group of the Platform Operator, the Platform Company or any Platform SP with another BF Group member.

23. GOVERNING LAW AND JURISDICTION

    1. These Terms are governed by the laws of the Cayman Islands and you agree to submit to the exclusive jurisdiction of the Cayman Islands courts in respect of any dispute relating to or arising out of the matters governed by these Terms.
    2. If there is any dispute between any Member and any other Member and/or the BF Group arising out or relating to these Terms, the relevant parties shall attempt to resolve the matter through negotiations between their appointed representatives who have the authority to settle such disputes. If the matter cannot be settled through direct discussions the parties will submit their dispute to private arbitration in the Cayman Islands according to Cayman Islands Arbitration Law, 2012. Both parties acknowledge and agree that the existence and content of any dispute between the parties shall be confidential. Each party shall share the costs equally of such arbitration proceedings and shall bear their own costs in relation to any legal representation expenditure. The parties agree that in the context of such arbitral proceedings: (a) the language of the arbitration shall be English; (b) the seat of the arbitration shall be the Cayman Islands; (c) there shall be one arbitrator; (d) the appointing authority may, based on mutual agreement, be chosen by the parties or in the absence of such agreement, the court may designate an appointing authority. In this arbitration clause: “issue” in relation to a contract includes (a) a dispute; (b) a controversy; (c) a claim; (d) a breach; (e) termination; or (f) invalidity. The Parties hereby agree that the decision and outcome of the arbitration proceeding shall be final and binding on all parties.
    3. Nothing shall prohibit any party from applying to a court for interim injunctive relief. In such circumstances the Courts of the Cayman Islands shall only have jurisdiction over such interim relief.

SCHEDULE

Section 1 - DISCLOSURES

BNK TO THE FUTURE SUMMARY

• BF Global is the sole shareholder of the Platform Operator and holds all the Management Shares (i.e. the shares entitled to vote at general meetings of shareholders) in the Platform Company.
• The Platform Operator is a Cayman Islands exempted company (registered number 296093), having its registered office at P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands and being regulated by the Cayman Islands Monetary Authority as a registered person for purposes of arranging deals in securities under SIBL (CIMA Registration No. 21601784).
• The Platform Company is a Cayman Islands segregated portfolio company (registered number 298427), also having its registered office at, P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, KY1­1001, Cayman Islands.
• The Platform Operator operates and maintains the BF Platform, which is an online platform highlighting various Investee Companies who post their Pitches on the BF Platform to solicit indirect investment in their Investee Securities. The Investee Entities enter into agreements with the Platform Operator and the Platform Company to communicate these investment pitches through the BF Platform. Users of the BF Platform that have been qualified as an Investment Authorised Member for at least 30 days prior to the start of this offering may be offered investment opportunities into the Investee Entity that would not otherwise be available to them.
• Investment Authorized Members will invest in the IPlatform SP created by the Platform Company for purposes of the specific Investment.
• A Platform SP is a segregated portfolio created within the Platform Company (meaning a portfolio of assets and liabilities that are legally ring-fenced from the other assets and liabilities of the Platform Company, including those of its other segregated portfolios).
• Investment Authorised Members whose investments into the Platform SP are accepted will become Investors.
• Investors will invest in Shares issued by the Platform SP and do not invest directly in the Investee Entity.

The Platform SP applies the subscription proceeds from the issue of each Investor's Shares to subscribe for matching Investee Securities issued by the Investee Entity.

BF COMPANY STRUCTURE

The Platform Company has two directors - Simon Dixon and Bliss Dixonwhose biographies can be found below under the heading “MANAGEMENT OF BNK TO THE FUTURE”.

IMPORTANT INFORMATION

This Schedule explains key factors relating to your investment in the Platform SP. The Schedule describes the particular process of investing in the Platform SP on the BF Platform, the risks associated with investing in general, the risks of investing in an Platform SP, and the general risks of the industry that Investee Entities operate in. You should read this document in detail and assure yourself that you understand the structure and risks of this investment.

Your Investment in a Platform SP will be governed by the terms of an Investment Agreement, a Side Letter and these Terms (all of which are made available to you on the Investor Page). By proceeding with any Investment you agree that you have read and accepted the contents and terms of the applicable Investment Agreement and Side Letter, as well as these Terms. This Schedule to the Terms is provided to you as a means of giving you an overview of the investment and associated risks.

To invest in a Platform SP, you must first be an Investment Authorised Member of the BF Platform and are therefore bound by the Terms, which regulate your use of the BF Platform.

Once you are an Investment Authorised Member you will be required to be accredited to be able to access any of the investment opportunities displayed on the BF Platform. If you are from the United States, then our US Broker Member will review your accredited investor status and decide if you can invest in an opportunity. If you are from other countries, then you may be required to go through one of the BF Platform’s other Broker Members to determine your investor status and whether you are able to access and/or invest in this opportunity. At times, if there are no Broker Members available to verify your investor status, the Platform Operator will determine whether you qualify to invest.

Where applicable, if you are from the United States then you will be required to accept the terms of our US Broker Member (“Broker Member Terms”). The Broker Member Terms sets out the role of the US Broker Member in verifying your accreditation status and compliance with the relevant exemption applicable and your consent to share your data with the US Broker Member for that purpose.

All documents referred to in this Schedule can be found and downloadable from the Investor Page. If you are not familiar with any document referenced in this Schedule feel free to contact the Platform Operator directly to provide you with a copy via email.

You should seek legal and or tailored financial advice from a suitable professional about any potential Investment. You should understand your own tax situation before making an Investment. It is entirely your responsibility to ensure that you are aware of the implications of investing in any Platform SP through the BF Platform. You are urged to seek professional tax advice on your use of the BF Platform and in relation to any Investment you make. Neither the Platform Operator nor the Platform Company should be regarded as providing any advice to you in relation to any Investment. The content displayed in this Schedule or on the Investor Page should not be construed as an investment recommendation.

The risks outlined below under the heading “Risk Factors” are indicative risks of the business and industry but are not intended to be exhaustive. There are numerous and unpredictable risks affecting businesses and industries which may have an adverse effect on this investment. You are advised to conduct your own due diligence in respect of any Investee Entity presented on the BF Platform.

INVESTEE ENTITY PITCH

You can find information on the Investee Entity on the BF Platform. This Pitch Content includes what we refer to as the Financing Documents which are the terms upon which the Investee Entity will offer Investee Securities to the Platform SP ; as well as other information that has been provided by the Investee Entity regarding their company. This may include the Pitch and other slides, videos, information and documentation produced by the Investee Entity and hosted on the Investor Page of the BF Platform (together with the Financing Documents, the “Pitch Content”).

All Pitch Content is provided to you on an as-is basis. The Platform Operator will not have verified whether any information provided by an Investee Entity found in the Pitch Content is accurate or is not misleading. The Platform Operator has assumed that all information provided by the Investee Entity has been provided in good faith. The Platform Operator does not provide any warranty on the accuracy of the Pitch Content. Neither the Platform Operator nor any Investee Entity warrant that any such information is still current at the time of any applicable Investment and no Investee Entity is under any obligation to make ongoing updates to its Pitch Content.

The Platform Operator may generate BF Content about the Investee Entity and display it on the Investor page of the BF Platform. This content may consist of content such as interviews between BF and the founders of the Investee Entity. The BF Content is to provide the opportunity for the Investee Entity to describe its business and to present the Investee Entity to the Investors. Any BF Content such as interviews with founders and marked as such, is provided simply as anecdotal information and you confirm that you have not relied on any applicabile BF Content should you decide to proceed with any Investment.

The Platform Operator does conduct verification on the founders of the Investee Entity, including “bad actor” background checks. These background checks are done on a proportionate and best endeavours basis. The Platform Operator by no means represents that its due diligence is absolutely able to detect all adverse information on the founders or persons involved in the Investee Entity. Further information about the due diligence process undertaken by The Platform Operator can be found in the Investment Agreement.

The BF Platform permits Investors to discuss between themselves investment opportunities in a forum. Your use of this forum is subject to the Membership Terms. Investors may share Forum Content about investment opportunities on such forums. At times an Investee Entity may communicate with potential Investors on the Investors forum. You confirm that you have not relied on any applicable Forum Content should you decide to proceed with any Investment.

You may have seen other Third Party Content outside of the Investor Page about the Investee Entity. For example, you may have read press releases about the Investee Entity or similar content on third party websites, or you may have received information about the Investee Entity from third parties. This Third Party Content is content that the Platform Operator is not in control of. You confirm that you have not relied on any applicable Third Party Content should you decide to proceed with any Investment.

IMPORTANT INFORMATION

The two-person Board of Directors of the Platform Company is comprised of Simon Dixon and Bliss Dixon. Please refer to the organisation chart above to show their ownership and management role of the Platform Company. Every decision related to the Platform Company and any and all Platform SPs are made by the Board of Directors of the Platform Company. There are no other employees of the Platform Company, and no employees of any Platform SP.

All decisions relating to SPs will be made by both persons as directors. A description of their background is provided as follows:

VOTING RIGHTS

Pass­ Through Basis

Each Platform SP will issue a different class of Shares to represent each type of Investee Security it holds and two sub-classes of each class Shares: A Shares and B Shares. A Shares and B Shares have the same rights and rank pari passu, except in the event a Platform SP is given the opportunity to vote or give a consent in respect of its Investee Securities (in which case A Shares will have superior voting rights in certain circumstances, as described below).

Voting Procedures

From time to time a Platform SP may be requested or may need to solicit the consent of its Investors on a particular course of action or corporate action. In such circumstances, the Investors in the Platform SP will be asked to vote their Shares (in writing or by poll vote at a shareholder meeting) to indicate how it would like the Platform SP vote in respect of the Investee Securities. To the extent permitted by applicable law and/or the Investee Entity's constitution, the Platform SP will exercise any voting or consent rights in the Investor Underlying Securities in accordance with the Investor's instructions.

The Platform SP may issue two different sub-classes of Shares in respect of any class of Shares (with a separate class of Shares issued in respect of each type of Investee Securities held by the Platform SP), A Shares and B Shares. The A Shares and B Shares of any class have the same rights and rank pari passu, except in the event the Platform SP is given the opportunity to vote or give a consent in respect of the applicable Investee Securities. In such a case, when the Investors vote their Shares to indicate how they would like the Platform SP to act in respect of the Investee Securities, the Platform SP will use its reasonable efforts to vote or give or withhold or abstain from consent, as applicable, in the same proportions as the votes of the Investors. If, in relation to a particular vote or consent, the Platform SP is not permitted to split the vote or consent, it will first seek the unanimous vote or consent (for or against) of the holders of the applicable class of Shares and will act in accordance with such vote or consent, but if unanimity is not achieved, the Platform SP will vote or consent in respect of all the applicable Investee Securities in accordance with the vote of the majority of A Shares voted. Where no A Shares are issued or no A Shares are voted, the Platform SP will vote or consent in accordance with the vote of the majority of B Shares voted;

Investment Authorised Members will only be able to invest amounts greater than $1,000. Any investment less than $25,000 will receive B Shares in the applicable Platform SP, while investors investing more than $25,000 will receive A Shares. This means that only Investors who invest at least $25,000 will definitely have the right to vote on a pass-through basis when the applicable Platform SP has the opportunity to vote its Investee Securities.

INVESTEE ENTITY INFORMATION RIGHTS

A Platform SP may or may not be entitled to information from an Investee Entity after the investment in the Investee Entity has taken place. The type of information that may not be available may include financial information (including accounting and projections), corporate plans (including financing or merger and acquisition plans) or other information an Investor might consider significant. Available Investee Entity information will differ depending on contracts entered into between the Platform SP and the Investee Entity. The Platform SP will endeavour to request from the Investee Entity regular updates as to its progress. However there may be limitations on the type and quantity of information that an Investee Entity is willing to divulge. The BF Group disclaims any and all liability for any lack of information provided to Investors in respect of an Investee Entity. All information shared by a Platform SP with Investors is confidential (note more details on your obligation as an Investor to keep information shared confidential is below in the Summary section below), on a good faith and best endeavours basis and is subject to the contractual limitations specified in the contract with the Investee Entity. If the Investee Entity decides not to provide information or is no longer responsive to requests for information, no member of the BF Group is bound to take legal action against the Investee Entity to compel them to carry out a contractual duty. All information provided by the Investee Entity in relation to their progress, financial situation or other information is provided to the Platform Operator on an ‘as is’ basis. The Platform Operator does not verify the accuracy of the data provided. In the event that the Investee Entity misrepresents its progress, the BF Group disclaims any liability for the same.

CONFLICTS OF INTEREST

There may at times be a conflict of interest between the interests of the BF Platform, the Platform Company or a Platform SP, and the Investors in a Platform a Platform SP. This conflict may arise as the BF Platform collects a Holding Fee from the Investee Entity as described below. There may be other instances of conflicts that may arise from time to time. The directors of the Platform Company are the only authorised persons to enter into contracts on behalf of an SP and their interests may conflict with those of the SP shareholders.

ELECTRONIC CERTIFICATES

All Investors will receive an electronic certificate evidencing their ownership of any Share. Investors’ details will be added to a share register of the applicable Platform SP in respect of any Shares that they own. For further details please refer to the Timeline section below.

RESTRICTIONS ON TRANSFER

You are investing in the Platform SP and not the Investee Entity. You will receive Shares in the Platform SP that are not freely transferable. You may have seen on the BF Platform that there is a secondary market for Shares. However, such secondary market may not apply to a particular offering. To be clear the transfer restriction means not only that you cannot freely sell any Shares, but it restricts you from assigning, pledging, gifting, granting a participation interest in, encumbering, mortgaging, or otherwise disposing of the Shares. This restriction would not apply in the event that the Investee Entity were to do an Initial Public Offering (please read the section below on IPO to understand what would happen in that instance). The transfer restriction does not apply to any transfer which is done for estate planning purposes, pursuant to divorce settlements, that occurs by operation of law, by will or intestacy, to an entity established solely for the benefit of yourself or your immediate family or, in the case of an entity, to an entity that wholly owns, or is under common control with such entity. Any permitted transfer is also only accepted if the entirety of the Shares held by an Investor are transferred, meaning that any transfer will not increase the total number of Investors in a Platform SP.

LITIGATION AGAINST INVESTEE ENTITY

The Platform Operator and the Platform Company have a due diligence process to determine that statements provided by the Investee Entity are supported by documentary evidence. However, we disclaim any liability for statements made by the Investee Entity and shared with you that may later prove to be inaccurate. It is the responsibility of Investors to conduct their own due diligence on the Investee Entity. All Investors agree to waive any legal action against the BF Group in relation to representations made by the Investee Entity that prove to be inaccurate. The BF Group is under no obligation to commence any legal proceedings on behalf of any Investor. Any legal action to be taken by an Investor should be directed to the Investee Entity on the basis of rights provided to Investors in the applicable Side Letter. In the event that an Investor wishes to pursue action against an Investee Entity, the applicable Platform SP will cooperate with the Investor in facilitating that process within the scope of what is reasonable and proportionate in the circumstances; if any such facilitation results in additional costs for the Platform SP, then the Investor may be charged any such reasonable costs to support the Investor in any such claim which the Investor agrees to pay for.

CONFIDENTIALITY

All information shared by the Investee Entity to the BF Group is strictly confidential. You are reminded that when you became a Member that you accepted a non-disclosure agreement. That non-disclosure agreement covers all materials that you see on the Investor Page provided by the Investee Entity and any further materials or information provided by the Investee Entity at a later date. You may be required to sign an additional confidentiality agreement to meet the level of non disclosure as required by the Investee Entity.

DILUTION

• Dilution within SP

  Additional Shares in an existing Platform SP are unlikely to be issued, following a funding round. Upon completion of a funding round, the applicable Platform SP purchases a fixed number of Investee Securities and issues corresponding Shares to Investors. The Platform Company typically creates a new Portfoliio SP for each new funding round of an Investee Entity. While it is not anticipated that any Platform SP will issue additional Shares outside of a funding round, it nonetheless has the ability to do so if required. For more details, please refer to the Articles of the Platform Company found on the Investor Page.

• Dilution of Investee Entity shares held by Platform SP in the Investee Entity in case of conversion of securities into equities under the SAFE

  In the case of any conversion of convertible Investee Securities into other Investee Securities (such as preferred shares into common shares), it is not anticipated that the relevant Platform SP would issue additional Shares. However, the Investee Entity may continue to raise capital by issuing more of its equity, whether in the form of common shares or other classes of shares which could lead to the dilution of the Investee Securities held by the Platform SP. Where an Investee Entity provides an Options Scheme for stakeholders and employees, the Options Scheme may cause dilution to the Investee Securities held by the applicable Platform SP (usually of up to 10%, by the issue of additional shares in the Investee Entity upon the exercise of any such options).. A Platform SP’s rights as a holder of Investee Securities will vary and it is not intended that any Platform SP will own controlling shareholder positions in any Investee Entity. Therefore, any Platform SP will have limited and minority control over its Investee Entity. A Platform SP's interest in its Investee Entity will likely not be significant enough to influence the Investee Entity in any decisions relating to its equity structure, financing, management, or day to day operations.

• Share Price

  The purchase price of each Share is the same as the purchase price of the corresponding Investee Securities. Where practicable, a Platform SP will issue one Share to represent one Investee Security, but in some cases the pricing of Investee Securities may result in the Platform SP issuing Shares that represent multiple Investee Securities or fractions of Investee Securities. The price of the Investee Securities is not derived by the Platform Operator or the Platform Company, but determined solely by the Investee Entity. It is likely that the Investee Entity has established a valuation method to determine the price of its Investee Securities. Any information provided by the Investee Entity to the Platform Operator relating to the valuation or pricing of its Investee Securities is provided on an as-is basis. The BF Group will not have verified any such valuation or pricing presented to it. The BF Group disclaims any liability for the valuation process or method employed by the Investee Entity.

• Minimum investment

  There is a minimum amount required before the Platform SP can proceed with the investment in the Investee Entity. This minimum amount is described in the Side Letter as the Minimum Funding Goal.

ACCREDITED INVESTOR STATUS

You confirm that you will provide information that is accurate and up to date and that you will not provide any false statements or misrepresentations about your ability to meet the accredited or professional investor requirements. Neither BF Group nor the Investee Entity accepts any liability for your failure to qualify to invest in an Investee Entity due to your inability to qualify as an accredited investor, professional investor, HNW Person or Sophisticated Person.

REPRESENTATIONS YOU ARE MAKING

In respect of any Investment you elect to make, you represent (as at the time you make the Investment) that you have received adequate information concerning all matters which you consider material to making a decision to purchase Shares. You represent that you are capable of evaluating investment risks independently and will exercise independent judgment, and that you will not have not relied on any BF Content, Third Party Content or Forum Content to make an investment decision. The Platform Operator provides on the Investor Page any information an Investee Entity has provided for display for you. However, BF Group does not confirm the accuracy of any such information. See more information on Pitch Content and Forum Content above. You acknowledge that you have sufficient knowledge and experience in financial and investment matters, and in illiquid investments in particular and you are capable of evaluating the merits and risks of any Investment without the assistance, if applicable, of an Investor Representative (such term defined in the Securities Act). You acknowledge that you can bear a complete loss of any Investment you choose to make and that such loss would not materially adversely affect your capital needs (in case of an entity) or your standard of living or that of your family (in the case of an individual).

INVESTOR QUALIFICATION CAYMAN ISLANDS

You represent that you meet the investor qualification requirements of the Cayman Islands as a Sophisticated and/or High Net Worth investor. A Sophisticated person is a person who “by virtue of knowledge and experience in financial and business matters is reasonably to be regarded as capable of evaluating the merits of a proposed transaction; and (y) participates in a transaction with a value or in monetary amounts of at least US$100,000 or its equivalent in any other currency, in the case of each single transaction”. A High Net Worth person is an individual with a net worth of at least US$1,000,000 (or its equivalent in any other currency); or any person with total assets of at least US$5,000,000 (or its equivalent in any other currency).

US INVESTORS

The Shares of any Platform SP will be offered in the United States to accredited investors only. If you are an Investor located, or the Investee Entity is incorporated, in the US, your investment will be subject to the rules and regulations promulgated by the SEC. If you are from the United States your ability to participate in an Investment will only be possible if you and the applicable Platform SP qualify for an exemption from registration requirements of the SEC. For United States investors, to be an accredited investor, you must be:

A natural person with income exceeding USD$200,000 in each of the two most recent years, or joint income with a spouse exceeding USD$300,000 and a reasonable expectation of the same income level in the current year;

OR

A natural person who has individual net worth or joint net worth with the person’s spouse that exceeds USD$1 million at the time of the purchase, excluding the value of the primary residence of such person;

OR

Any trust, with total assets in excess of USD$5 million, not formed specifically to purchase the subject securities, whose purchase is directed by a sophisticated person;

OR

Any entity in which all of the equity owners are accredited investors.

If you are a United States Investor, you warrant to BF Global and any applicable Investee Entity and, where relevant, Broker Member that you understand and meet the requirements to qualify as an accredited investor as defined under Rule 501(a) of Regulation D promulgated under the Securities Act.

If you are from the United States, you agree that you will cooperate with the process of determining whether you qualify as an accredited investor.

MAXIMUM OF 99 INVESTORS FOR US SP

There is a maximum of an aggregate of 99 Investors permitted into any US SP. This means that, if you are from the US, you may not be able to invest in an offering if the total number of Investors in the applicable US SP has reached this limit. You will note below that all transactions involving US persons shall involve an Escrow Agent. Any US investor may be presented with single or multiple ways to pay for their investment including: ACH, Card Payments, Bank Wire or BTC/ETH. Investors should note the period of clearing transactions varies based on the terms of the Escrow Agent. Investors from the US that invest through our Escrow Agent may not settle the transaction resulting in that Investor being removed from the list of Investors into the US SP. It is our discretion, based on information provided by the Escrow Agent to us, to reject any investment on the basis of your payment not clearing with the Escrow Agent. Such rejection is final resulting in you not being considered to have invested in the applicable US SP. A US SP may reach 99 Investors, at which point, no further US investors will be permitted or able to invest in the Platform SP. However due to the settlement reversals indicated to us by the Escrow Agent there may be additional slots (Additional Slots) that become available again during the funding campaign. At the point that the Additional Slots become available US investors may be able to continue to invest in the US SP. These Additional Slots are available on a first-come-first-serve basis and we are not obliged to inform investors of when such Additional Slots become available. Should any investor succeed through any administrative or technical fault to invest when the US SP has already been deemed to reach the cap of 99 investors, then the Investment made shall be deemed not have been completed and the US SP shall have the right to reverse the transaction and refund the investor accordingly less any transaction charges associated with the refund.

NON-US INVESTORS

If you do not invest from the US, you must meet the definition of a professional investor as defined by the BF Platform and adhere to the Cayman Islands requirements for investor qualification. If you are a non-US investor, then BF Platform may, in addition to local Cayman Islands requirements, assess, at its own discretion, and based on your local jurisdiction, whether you meet the correct investor qualification in your local jurisdiction.

You agree to cooperate with the process to determine whether you are a professional investor under Cayman Islands law and or professional investor as defined in your local jurisdiction.

INFORMATION ABOUT SEGREGATED PORTFOLIO COMPANIES

Once registered under the Cayman Islands Companies Law, a segregated portfolio company (an SPC) can operate segregated portfolios (SPs) with the benefit of statutory segregation of assets and liabilities between SPs.

Some advantages of an SPC are the structure enables protection of the assets of one portfolio from the liabilities of other portfolios and also allows the ability to create SPsportfolios either with different strategies, different investors or different share-classes in mind. More information about SPCs and their risks can be found below in the Risk section.

• The Platform Company creates a separate Platform SP for each Investee Entity. Each new Platform SP created is operated by the Platform Company.
• The role of each Platform SP is to hold the Investee Securities issued by an Investee Entity. The purpose of having different SPs per investment on the BF Platform is to segregate the assets of each Platform SP.
• Each Platform SP issues its own Shares to Investors, which can be fractional shares.
• The Platform Company does not own or have an economic interest in the SPs created except for the Holding Fee.
• Platform SPs are not separate entities, and are each an internal part of the Platform Company. However, the Platform Company is not entitled to access the assets of any Platform SP to satisfy its general creditors, except to the extent of each Platform SP's share of its general expenses from which the Platform SP has benefitted (such as the Platform Company's annual maintenance fees).
• The Platform Company is not regulated and simply acts as an investment holding vehicle.
• The Platform Company is ultimately controlled by BF Global, which holds its management shares. Unlike Shares, which can only vote on proposed variations of their class rights or on a pass-through basis on matters relating to the applicable Investee Entity, the management shares carry the right to vote at general meetings of the Platform Company.

RELATED PARTIES

The Platform Company is owned and controlled by BF Global which is also the owner of the Platform Operator, which operates the BF Platform. BF Global is a part owner of BMI Capital, the US Broker/Dealer designated by the BF Platform to arrange deals in Investments for US persons. BF Global is a part owner of Diacle Limited which is a UK company which is authorised by the Financial Conduct Authority to arrange deals in investments for UK persons. Simon Dixon and Bliss Dixon are not part of the management of the following entities:

BMI Capital International LLC

BMI Capital International LLC (“BMI“) is a registered US Broker/Dealer and member of FINRA and SIPC. BMI specializes in corporate finance advising, raising equity, and venture services for customers in the United States

FEES

There are three types of fees applicable in the BF Platform. The first is the fee charged to the Investee Entity which is the Commission. The second are the fees charged to the Investors referred to as the Holding Fee. The third are merchant processing fees. These fees are further described as follows:

• Commission charge during the funding round

  Investors do not pay any commission to the Platform Operator to make an Investment on the BF Platform. Any commission is charged to the Investee Entity.

• Holding Fee applied to distribution of funds

  Any distribution of funds generated for Investors in an Investment is subject to a Holding Fee, which is imposed on Investors rather than the Investee Entity and is charged directly to the Investors by the Platform Company. The Holding Fee is imposed on any distribution of funds to a Platform SP, including profits, sales proceeds of the Investee Entity, dividends of the Investee Entity or other revenue that is paid to the Platform SP. Further details on the Holding Fee can be found in the Investment Agreement. All distributions are paid to an Investor’s Account. The Investor is then able to withdraw from that Account less the Holding Fee.

• Merchant processing fees

  The BF Platform may be charged fees for third party merchant processing of credit cards or cryptocurrency payments. All such fees are disclosed to Investors at the point that an Investment is made on the BF Platform. These fees are discussed elsewhere in the Terms.

RISK FACTORS

GENERAL RISKS RELATED TO INVESTING IN SEGREGATED PORTFOLIOS

• Type of investment

  If, as an Investor, you invest in a Pitch, you are agreeing to invest in Shares issued by a Platform SP, that will aggregate the investments of all participating Investors and invest as a single investor in the Investee Entity. Proportionally each Investor has the same underlying economic benefit as if he or she would own Investee Securities directly.

• Segregation of the SP assets from the SPC assets

  A segregated portfolio company is a single entity which may create internal segregated portfolios for the purpose of segregating assets and liabilities. The assets and liabilities of each Platform SP are segregated from the general assets and liabilities of the Platform Company and from each other Platform SP.

• Local interpretation

  The segregation within the segregated portfolios of a Cayman Islands segregated portfolio company will not necessarily be recognised in all other jurisdictions. As a result the Platform Company structure, particularly the segregation of assets and liabilities within Platform SPs, could be subject to the risk of legal challenges.

• Shareholder’s rights

  The rights of Investors as holders of Shares are described in the Investment Agreement and the articles of association of the Platform Company which can be found here.

• Shares

  The issue price of Shares will reflect and will generally match 1:1 the current price of the Investee Securities. The Platform SP will generally issue the same number of Shares as the number of Investee Securities the Investee Entity issues to the Platform SP. However, for practical reasons, in some cases Shares will be issued that represent multiple Investee Securities or fractional Investee Securities; and fractional Shares may also be issued.

• Minority shareholder and drag-along risks

  If convertible Investee Securities held by a Platform SP are convertible into shares of the Investee Entity, the Platform SP may only have a minority interest in the Investee Entity. As a minority shareholder the Platform SP may have limited power to influence the Investee Entity in its decision making. You are advised to read the by-laws/ articles of association of the Investee Entity and the other contractual documents on the Investor Page to understand more about the rights of shareholders of the Investee Entity. The board of the Investee Entity may decide to sell or merge the company to/with a third party, or liquidate the company; a majority of the shareholders may decide to go ahead with this transaction and drag the minority shareholders along, meaning that the minority shareholder may be forced to do an action such as to sell their shares. As a minority shareholder, Platform SP will have little or no influence over such a decision.

• Taxation

  The Platform Company legal structure may not be recognised in all jurisdictions. This may have an effect on the taxation of an Investor interest in a Share issued by a Platform SP. All Investors should obtain independent legal advice before investing as to their personal tax situation.

  EXIT PROVISIONS

  There is no guarantee that you will be able to access a potential exit opportunity with any Investment. However, there may be cases where an Investee Entity is acquired or the management of the Investee Entity decides to buy back the Investee Securities they have sold to the Platform SP. There may also be other potential exit scenarios to those listed below. This section should be read with the applicable Investment Agreement in particular Clause 9 of the Investment Agreement which describes how the Platform SP will deal with exit scenarios.

• Acquisition

  This scenario provides a sale of the business to a third party operating in a similar industry of the selling company. This purchase may benefit the holders of Investee Securities.. In this event , at the option of the holders, each Investee Security shall be converted into Investee Entity common stock or cancelled in exchange for principal amount paid together with any accrued and unpaid interest.The proceeds will then be paid to the Platform SP’s Investors less the Holding Fee.

• A corporate partnership or joint venture

  They are corporate strategies that allow entrepreneurs to combine synergies and expand their offerings of services or products. The risk with such a process is that a joint venture might be a complicated legal arrangement. There is no guarantee that any Investee Securities converted into shares of the new joint venture entity will be worth more than the Investee Entity. At times joint ventures may not be successful and result in having to unwind the arrangement, which can be costly.

• Management buy-out or company share buy-back

  There may be instances where the management of an Investee Entity may wish to purchase Investee Securities or the board of the Investee Entity may decide that the Investee Entity should repurchase Investee Securities from the Platform SP.

  This may, at times, be a complicated process with no guarantee that the initiative will be successful. Also, the offer to Investors may be less than may be obtainable by Investors selling their Shares.

INITIAL PUBLIC OFFERING (IPO)

Offering securities of a company to the public may represent an exit strategy that can be executed when the company has met its business growth objectives and can show investors that the business is maturing.

You will not hold shares directly in any Investee Entity, since the Platform SP holds any Investee Securities.

If the Investee Entity does an Initial Public Offering or is listed on a stock exchange, then the Platform SP will have the right to receive, at the Platform SP’s election, a cash payment equal to the amount invested or a number of shares determined as described in the Subscription Agreement. The description below is the process by which the Platform SP will send you the Investee Entity shares so that you will have those shares in your name and will be able to sell the shares directly into the stock market.

There is no guarantee that anyInvestee Entity securities will be converted into Investee Entity shares and will be listed on a stock exchange or will become tradeable. Most new businesses struggle to reach a level of growth or revenue to be able to list on a stock exchange. The investment you are making is known as an illiquid investment as it can take a long time, if at all, to produce a return on investment.

If an Investee Entity issues capital stock under the SAFE, Investee Securities may be converted into Investee Entity shares. There may be complications surrounding delivering the Investee Entity shares to you on a timely basis. You agree that you will cooperate promptly with the Platform Operator and the Platform Company on the steps you need to take to obtain listed shares. The Platform Operator has explained the basic process for you to receive your shares below, however, you agree that the procedures surrounding the distribution of the shares may change. You agree that you will cooperate promptly with the Platform Operator and the Platform Company to provide any required documents and information necessary to progress the transfer of the shares to you. You also acknowledge that any failure to provide information and documents to the Platform Operator and the Platform Company may result in a delay. Neither the Platform Operator nor the Platform Company accepts any liability for a delay in being able to deliver to you the shares.

You may be required to create an account with a broker to be able to receive anyInvestee Entity shares. It may not be easy for you to create a brokerage account. You may be required to provide documentation and information for this purpose and you may not be able to meet the requirements of the broker. This will result in delays or you will not be able to receive the Investee Entity shares. There may be other administrative matters outside of the control of the Platform Company and the Platform Operator that affect the ability to deliver the shares to you on time.

If you do receive Investee Entity shares at the time of a listing on the stock market, those shares may not be immediately tradeable. The Investee Entity may require you to hold the Investee Entity shares for a period of time before you are entitled to sell. You should review the rights of shareholders in the Investee Entity as outlined in their articles/bylaws or other shareholder agreement. The Investee Entity may impose new requirements or there may be statutory restrictions that may affect your ability to sell the Investee Entity shares once listed. Neither BF nor the Platform Company accept any liability for any delay as a result of you not being able to sell the Investee Entity shares because of these restrictions. There may be certain restrictions imposed on you to sell the shares even if the shares are listed on the stock exchange.

The Platform Company will have an account with a brokerage firm and from that account will distribute the Investee Entity shares to the Platform SP's Investors based on their relative percentages of Shares in the Platform SP.

You agree that upon receipt of the shares of the Investee Entity that the Platform SP will cancel you Shares. By way of example if you have 5 Shares in the Platform SP and then subsequently receive the corresponding 5 shares in the Investee Entity, then your 5 Shares in the Platform SP will be cancelled. You may be asked at the time to sign additional documents to put this process into legal effect where needed.

BF would apply a Holding Fee to the delivery of the Investee Entity’s shares. This fee would be payable in the Investee Entity’s shares.

WIND UP

If an Investee Entity is liquidated then the applicable Platform SP is left open in case any assets come back to be distributed to Investors. Any remaining assets will be paid to the relevant Platform SP based on the type of securities and the amount of securities held.

GENERAL INVESTMENT RISKS

• Illiquidity

  Almost all investments Investors make in the businesses displayed on the BF Platform are highly illiquid. This means that Investors are unlikely to be able to realise their Investment until and unless the company goes public and its shares are listed on a stock exchange or is bought by another company; and, even if the business is bought by another company or goes public, their investments may continue to be illiquid. Even for a successful business, an initial public offering or acquisition is unlikely to occur for a number of years from the time you make your investment.

• Limited history & limited relevant experience

  Startups and early-stage companies have limited operating histories, which makes it difficult to evaluate their businesses and prospects and may increase the risk associated with the investment in the Investee Entity.

• Loss of investment

  Invest only with risk capital; that is, invest with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.

• Past performance is no indication of future performance

  Some businesses on the platform may have successful operational experience. This may have led to strong financial results. However, no past success of the business means that this will continue or that it will increase. Past results are no indication of future performance.

• Financial returns

  Companies displayed on the BF Platform rarely, if ever, pay dividends. This means that if you invest in a business through the BF Platform, even if it is successful, you are unlikely to see any return of capital or profit until you are able to sell your Shares. Even for a successful business, this is unlikely to occur for a number of years from the time you make your investment.

• Reliance on information

  Information provided in the Pitch is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

• Inaccurate forecasts

  Results of the Platform SP or an Investee Entity may vary materially from those expressed or implied in forward-looking statements. Forward-looking statements are based on beliefs and assumptions and on information available at the time. All statements other than statements of historical facts are “forward-looking statements” for purposes of these provisions. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from those in its forward-looking statements include, but are not limited to, government regulation, economic, strategic, political and social conditions.

• General economic conditions

  Businesses may be affected by a downturn in global economic conditions. For example, a recession or a global economic crisis or a pandemic could generally affect the ability of every industry to see growth and profitability. Some crises can be regional or local and if a business is located in the affected area then it may experience a downturn in its business.

• Founder control risk; minority share risk

  Businesses may have certain directors or managers that are the largest shareholders of the company. This means those individuals will be able to exert significant control over the company’s affairs and that their interests may be different to other shareholders.

  If you are a minority shareholder in a company, it is likely that you have less influence over the company’s decisions.

• Growth risk

  For technology companies to succeed, they need to expand significantly. During this growth phase, a company may fail to manage its growth effectively which could lead to cash flow deficiencies, compliance issues or operational issues.

• Professional guidance

  Success of a technology business can be attributed in part to the guidance of professional investors. A technology business without such support may face a greater chance of failure.

• Fraud risk

  It is possible that persons within a business may commit criminal acts, including fraud. This may lead to the demise of the company and the destruction of the shareholder value.

Section 2 - ESCROW AGENT INFORMATION AND PROCESS

• Information for US Investors who are investing by bank transfer, bank card payments or cryptocurrencies

  The following details apply to US Investors only who are sending funds. In the US there is a requirement for funds to be held by a regulated Escrow Agent. In this case, the Platform SP and (where applicable) Broker Member and the Escrow Agent enter into a contract where the investment funds raised are held in the specific escrow account provided by the Escrow Agent. You are advised to read Section 2 that sets out the terms of the Escrow Agent in particular how it processes any conversion of cryptocurrency to fiat currencies. Note that the Escrow Agent may change their terms from time-to-time and the schedule may be outdated; you are advised to refer to the most recent terms provided by the Escrow Agent available upon request.

  Once the funding process has reached its end, the funds are disbursed to the Platform SP for it to pay the BF Platform for the transaction processing fees (where applicable) and to enter into the investment contract with the Investee Entity. Funds are also disbursed from the Escrow Agent to the Broker Member to settle its brokerage fees (where applicable).

  The Escrow Agent may charge the BF Platform for transaction-based fees which include but are not limited to a conversion fee of any cryptocurrency it receives into USD, a withdrawal fee from the escrow account, customer due diligence processing fees or bank card processing fees. To cover the cost of these fees BF Platform passes on the cost to the Investors.

  This means that if you are a US person and you pay by bank card then you will pay 5% extra fees to BF Platform to cover the direct costs associated with that processing.

  If you are a US person and pay using cryptocurrency, then the Escrow Agent will convert the cryptocurrency and charge a 2% fee for the conversion process which will be removed by the Escrow Agent from your investment funds. This cost is paid from your investment funds that you send to the Escrow Agent. This will reduce the net amount that you will be investing so you need to take that into account when making the cryptocurrency investment. More details will be provided by the Escrow Agent at the time of investment, but for convenience please read Section 3.

  If you are paying in cryptocurrency or bank wire then you will be charged a fixed administration fee of $35 per transaction. This is to cover the direct costs charged to the BF Platform by the Escrow Agent associated with due diligence on your investment and other direct costs including bank wire fees charged to the BF Platform.

  By continuing with this investment you agree to pay for all the above transaction processing fees. For greater clarity about fees you may be charged for operations on the BF Platform, please read here.

  The Escrow Agent is responsible for receiving funds sent by Investors during the funding round. Those funds may be sent in fiat currency via bank card payment or by sending bitcoin or Ether to the Escrow Agent. If other fiat currencies are sent then those will be converted into US Dollars. Other payment options may be available.

  For US investors all cryptocurrency and fiat currency are converted into USD by the Escrow Agent (unless stated otherwise). If funds are sent by bank card in different currencies then the funds are converted to USD and held in the Escrow account. If cryptocurrency is sent to the Escrow account then the Escrow Agent will convert the cryptocurrency into USD. The process and timing of conversion are described in Section 3.

  The Escrow Agent does not convert the cryptocurrency it receives into the Escrow account immediately. This is done once a day. This means that there may be a difference between the value of the cryptocurrency you send and the value of the cryptocurrency when converted by the Escrow Agent.

  Once the Escrow Agent has completed the conversion of your cryptocurrency and removed their 2% conversion fee this net amount will be your investment amount. There may be a difference between the amount you sent at the time of signing the Agreement and the cryptocurrency being converted and the conversion fees deducted. You understand that this may result in a shortfall on what you were expecting to have invested. We will only apply the net amount to the investment you made after the Escrow Agent has completed conversion and deducted their conversion fees. You understand and acknowledge this and by proceeding with this investment agree to those terms. BF Platform, the Platform Company, Investee Entity, Platform SP and (where applicable) Broker Member do not accept any liability for any shortfall that may result from the amount you sent in cryptocurrency at the time of transaction valued in USD being greater than the net amount after conversion by the Escrow Agent and the deduction of their conversion fees.

  The conversion rate by the Escrow Agent is final and you agree to their terms and rates as indicated in Section 3.

  All cryptocurrencies held by the Escrow Agent are converted into USD (unless stated otherwise). Note that the Escrow Agent will conduct its own due diligence on any cryptocurrency transactions it receives from Investors. This could mean at times that it may at its own discretion decide to refund a transaction or may conduct a regulatory investigation into the transaction as the transaction does not meet its due diligence requirements. BF Platform, the Platform Company, the Platform SP, Investee Entity and Broker Member are not responsible for you being unable to meet the requirements of the Escrow Agent and all liability is disclaimed as a result of your inability to invest as a result of a decision of the Escrow Agent.

  At times the Escrow Agent may agree with the Platform SP to hold the cryptocurrency it receives rather than convert the cryptocurrency. You will be informed if that is the case at the time you invest. However, by default, the Escrow Agent converts all cryptocurrency it receives in USD into the Escrow account.

  The Escrow Agent will set the exchange rate for any conversion from cryptocurrency that it receives into fiat. The Escrow Agent will decide on the markets it will use to convert the cryptocurrency. Cryptocurrency is an illiquid asset and the rates of conversion may vary between vendors. Further, cryptocurrency is highly volatile and the exchange rate can change during a short period of time. The precise exchange rate will be set by the Escrow Agent and you agree to their exchange rates by proceeding with this investment. If you require further information about their exchange rates see Section 3.

  When you make a payment using a bank card you have to pay 5% additional fees to BF Platform. This is on top of the amount that you intend to invest. So by way of example if you invest $10,000 then you will be charged $10,500 with $500 being paid to BF Platform to cover the transaction card processing fees. This fee applies whether or not the Investee Entity reaches its Minimum Funding Goal. For more information please read here.

  Refunds are paid back in cryptocurrency if the original payment was in cryptocurrency. In the event of a refund the Escrow Agent will pay you back in cryptocurrency if you contributed cryptocurrency however the conversion for the refund will be at the time of the transaction. This means you will suffer a loss if at the time you invested cryptocurrency was low against the USD and then the value of the cryptocurrency increased at the time of the refund - this would mean that you would end up with less cryptocurrency upon the refund cryptocurrency being paid to you. You acknowledge this risk and under no circumstances is BF Platform, the Platform Company or Investee Entity or Platform SP liable for any loss that you may suffer as a result of this cryptocurrency volatility.

  In the event of a bank card refund the Escrow Agent will refund you in USD. This means if you paid from another fiat currency account you may suffer a loss if there is an exchange rate movement between the two relevant currencies which BF Platform, the Platform Company, Investee Entity or Platform SP disclaims.

  All refunds are paid to you and cannot be paid to any third party.

  Upon the Completion Determination (see definition below) being announced by Platform SP to the Escrow Agent, the funds held by the Escrow Agent are released to the Platform SP. The Platform SP is then able to enter into the Financing Documents with the Investee Entity and pay for the Investee Securities. The commission then is paid from the Escrow Agent to the Broker Member.

  Where you pay in cryptocurrency to the Escrow Agent there may be a delay in the conversion. This means you could send cryptocurrency, the price may then drop and then the Escrow Agent converts the cryptocurrency and will charge their conversion fee leaving a net amount in USD. This net amount could be lower than the value of your cryptocurrency when you sent it to the Escrow Agent. If there is a refund then the Escrow Agent will then convert the net amount into cryptocurrency and send you back cryptocurrency. Again if the price of cryptocurrency increases against USD then when the refund is processed you will get less cryptocurrency back. You accept these risks when making an investment in cryptocurrency. For more details refer to Section 3.

  You should appreciate that the Escrow Agent may convert your cryptocurrency according to rates that are available to them. However those rates may not be the best rates for conversion in the market at the time. As you will understand, cryptocurrency is a volatile asset and may have appreciated from the time that you sent your cryptocurrency up to the time that the Escrow Agent refunds you. BF Platform, our Escrow Agent, the Platform Company, the Platform SP, the Investee Entity and our Broker Members do not accept any liability for losses that you incurred as a result of an appreciation of cryptocurrency from the time you invested up to the time that a refund was processed.

  If the Escrow Agent needs to refund you, then we expect that the refund will be processed promptly. You may be required to provide additional information as requested by the Escrow Agent to meet its compliance requirements to process any refund. You are obliged to ensure that we have accurate information about you including your banking details as the refund will be returned to the account that you paid from or an account registered in your name.

  The processing of refunds typically does not take more than a week for the Escrow Agent to send out. However, once it sends out the refund transaction, there may be delays with banking networks including your bank outside of the control of the Escrow Agent that result in a delay of the refund. Your bank may also charge you to receive the refund or the banking network or correspondent banks may charge you to receive the refund. Any charges related to sending the refund amount back to you will be incurred by you unless agreed otherwise in writing. None of those charges imposed by your bank or correspondent bank or banking network will be paid for by BF Platform or the Escrow Agent in processing your refund. BF Platform, the Broker Member and the Escrow Agent also disclaim any loss you may incur for the failure of you not receiving your refund as a result of events out of their control.

• Escrow information for non-US Investors who are transacting by bank card

  If you are not a US person and you invest then all bank card payments are currently handled by Prime Trust LLC acting as an Escrow Agent, the conditions that apply to such transactions are as described above.

• Escrow information for non-US Investors who are transacting on the BF Platform or who are paying in cryptocurrency

  Any other payment type for non-US investors is handled by BF acting as an Escrow Agent. You may have a balance on the BF Platform that you use to invest in an offering. That balance may be in cryptocurrency or in USD* (these balances are defined in the terms and conditions of the BF Platform found here).

  Any investment from an existing balance with the BF Platform is held in escrow by the BF Platform until the minimum funding goal is met within the minimum funding period. After completion of the SP with the Investee Entity the escrowed funds are released to the Investee Entity.

  You may not invest using your balance on the BF Platform but rather invest directly in cryptocurrency in the pitch and if so BF will hold your funds in escrow. The cryptocurrency is converted by the BF Platform and the USD amount is made available after the Minimum Funding period to the Platform SP for it to proceed with the investment in the Investee Entity. The conversion rates are set by the BF Platform - see section 14 of the Terms. Note the exchange rates are set by BF and are final. Should a refund occur then you will receive the refund to your BF Account within a reasonable period. From which you will be able to withdraw Tether or USD subject to the usual withdrawal fees. For more details on the withdrawal fees applicable to Non-US investors see section 10 of the Terms.

Section 3 - Prime Trust LLC fees and terms

Digital Asset Escrow Transaction Process and Acknowledgements

Transmission of Digital Asset: Transaction instructions provide you with a unique, customized

QR code and wallet address for transmission of your Digital Asset for this transaction.

Acceptance of your Transaction and Conversion of Digital Asset to USD: Generally, once per business day, we will effect a conversion of Digital Assets to USD using the facilities of Digital Asset exchanges with whom we do business. We will calculate your Final Transaction Amount based on the exchange rate we receive less Prime Trusts’ Digital Asset Handling Fee. Digital Assets received during non-business hours or after 4pm New York City time (EST or EDT) on a business day will be converted the following business day. The USD proceeds from this conversion will be used to calculate an Exchange Rate, inclusive of any exchange fees and transfer fees, that we will apply to your Digital Asset transaction to calculate your individual Gross Conversion Proceeds. Prime Trust makes absolutely no representation and provides no warranties that the conversion price will be the best available at the time of conversion.

Prime Trust’s Digital Asset Handling Fee will be subtracted from your Gross Conversion Proceeds to yield your Final Transaction Amount.

Important: Because the Digital Asset to USD exchange rate may vary significantly from time to time, and even moment to moment, the exact amount of your Final Transaction Amount and any resulting securities purchased in this transaction will be reported to you only after we have converted to USD and your transaction has been accepted by all parties.

Calculation of your Final Transaction Amount:

• Digital Assets Received x Exchange Rate = Gross Proceeds
• Final Transaction Amount = Gross Proceeds - Prime Trust Digital Assets Handling Fee
• Digital Assets received x Exchange Rate = Gross Conversion Proceeds
• Final Transaction Amount = Gross Conversion Proceeds - Prime Trust Digital Asset Handling Fee.

Digital Asset Transaction In Full: BY TRANSMITTING DIGITAL ASSETS USING THE INSTRUCTIONS PROVIDED HEREIN, YOU HEREBY AGREE TO INVEST 100% OF THE FINAL TRANSACTION AMOUNT AS DEFINED ABOVE IN the offering. If the issuer does not accept your transaction in part or in full for any reason, Prime Trust will issue you a prompt refund of the Digital Assets for the USD equivalent, at the market conversion prices, to the wallet address from which the Digital Assets originated.

Refunds: If your Digital Asset transaction is not accepted by Investee Entity, or the offering is canceled prior to acceptance, or if a refund is required for any other reason prior to acceptance, Prime Trust will issue a prompt refund only in the type of Digital Asset transacted and such refunds will be transmitted only to the wallet address from which the Digital Asset originated. Prime Trust will not issue a refund in USD for transactions paid with Digital Assets. BY TRANSMITTING Digital Asset USING THE INSTRUCTIONS PROVIDED HEREIN, YOU HEREBY ACKNOWLEDGE THAT ANY REFUND YOU RECEIVE MAY BE SUBSTANTIALLY REDUCED BY FEES AND BY MARKET VOLATILITY RELATIVE TO YOUR ORIGINAL TRANSACTION. FOR AVOIDANCE OF DOUBT, ANY AND ALL SUCH FEES ARE EXCLUSIVELY PAID BY YOU FROM YOUR REFUND AMOUNT. BY TRANSMITTING DIGITAL ASSETS FOR THIS TRANSACTION, YOU ACCEPT THIS RISK.

Transaction Costs: Prime Trust makes no claim or guarantee that investing in the offering using Digital Assets is economically efficient relative to other payment methods or conversion options available elsewhere. You may pay lower all-in fees by converting Digital Assets to USD away from

Prime Trust and this transaction process, and then using the proceeds of that conversion to make a USD transaction in the offering.

Potentially Irreversible: Once Prime Trust converts your Digital Assets into USD, it may be impossible to convert the USD back into Digital Assets without substantial delay and without incurring significant losses due to market volatility. While Prime Trust will make all commercially reasonable efforts to refund Digital Assets promptly and efficiently, refunds converted from USD back to Digital Assets are subject to delays and market volatility, and you agree to bear 100% of this risk.

DISCLAIMER:

EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, PRIME TRUST MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND WHETHER EXPRESS, IMPLIED (EITHER IN FACT OR BY OPERATION OF LAW). PRIME TRUST EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUALITY, ACCURACY, TITLE, AND NON-INFRINGEMENT. PRIME TRUST DOES NOT WARRANT AGAINST INTERFERENCE WITH THE USE OF THE SERVICES OR AGAINST INFRINGEMENT. PRIME TRUST DOES NOT WARRANT THAT THE SERVICES OR SOFTWARE ARE ERROR-FREE OR THAT OPERATION OR DATA WILL BE SECURE OR UNINTERRUPTED. PRIME TRUST EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY ARISING OUT OF THE FLOW OF DATA AND DELAYS ON THE INTERNET, INCLUDING BUT NOT LIMITED TO FAILURE TO SEND OR RECEIVE ANY ELECTRONIC COMMUNICATIONS (e.g. EMAIL). YOU DO NOT HAVE THE RIGHT TO MAKE OR PASS ON ANY REPRESENTATION OR WARRANTY ON BEHALF OF PRIME TRUST TO ANY THIRD PARTY. YOUR ACCESS TO AND USE OF THE SERVICES ARE AT YOUR OWN RISK. YOU UNDERSTAND AND AGREE THAT THE SERVICES ARE PROVIDED TO IT ON AN “AS IS” AND “AS AVAILABLE” BASIS. PRIME TRUST EXPRESSLY DISCLAIMS LIABILITY TO YOU FOR ANY DAMAGES RESULTING FROM YOUR RELIANCE ON OR USE OF PRIME TRUST’S SERVICES.

1. Disclaimer of Consequential Damages.

   YOU HEREBY ACKNOWLEDGES AND AGREE, PRIME TRUST WILL NOT, UNDER ANY CIRCUMSTANCES, BE LIABLE TO YOU FOR CONSEQUENTIAL, INCIDENTAL, SPECIAL, OR EXEMPLARY DAMAGES ARISING OUT OF OR RELATED TO ANY TRANSACTION OR TRANSACTION, INCLUDING BUT NOT LIMITED TO, LOST PROFITS OR LOSS OF BUSINESS.

2. Cap on Liability.

   YOU HEREBY ACKNOWLEDGE AND AGREE UNDER NO CIRCUMSTANCES WILL PRIME TRUST‘S TOTAL LIABILITY OF ANY AND ALL KINDS ARISING OUT OF OR RELATED TO THIS SERVICE (INCLUDING BUT NOT LIMITED TO WARRANTY CLAIMS), REGARDLESS OF THE FORM AND REGARDLESS OF WHETHER ANY ACTION OR CLAIM IS BASED ON CONTRACT, TORT, OR OTHERWISE, EXCEED THE TOTAL AMOUNT OF FEES PAID, IF ANY, BY YOU TO PRIME TRUST IN THE TRANSACTION, AND FURTHERMORE, THAT PRIME TRUST BEARS ABSOLUTELY NO LIABILITY FOR LOSSES YOU MAY INCUR AS A RESULT OF MARKET PRICE MOVEMENTS, LACK OR FAILURE OF EXECUTION, LACK OR FAILURE OF OBTAINING A BEST PRICE, AND FEES CHARGED BY THIRD-PARTIES IN PROCESSING YOUR TRANSACTION AND THE USD CONVERSIONS THEREUNDER.

3. General Indemnification.

   You hereby agree to indemnify, protect, defend and hold harmless Prime Trust and its officers, directors, members, shareholders, employees, agents, partners, vendors, successors and assigns from and against any and all third party claims, demands, obligations, losses, liabilities, damages, regulatory investigations, recoveries and deficiencies (including interest, penalties and reasonable attorneys’ fees, costs and expenses), which Prime Trust may suffer as a result of: (a) any breach of or material inaccuracy in the representations and warranties, or breach, non-fulfillment or default in the performance of any of the conditions, covenants and agreements contained herein or in any certificate or document delivered by you or your agents pursuant to any of the provisions herein, or (b) any obligation which is expressly your responsibility in this transaction, or (d) any breach, action or regulatory investigation arising from your failure to comply with any laws or regulation, and/or arising out of any alleged misrepresentations, misstatements or omissions of material fact in the transaction and/or personal details you provide to us. You are required to immediately defend Prime Trust including the immediate payment of all attorney fees, costs and expenses, upon commencement of any regulatory investigation arising or relating to the transaction and any complaints subsequently arising. Any amount due under the aforesaid indemnity will be due and payable by you within thirty (30) days after demand thereof.

4. Limitation on Prime Trust’s Duty to Litigate

   Without limiting the foregoing, Prime Trust shall not be under any obligation to defend any legal action or engage in any legal proceedings with respect to the Transaction or with respect to any transaction made by you unless Prime Trust is indemnified to Prime Trust’s satisfaction. Whenever Prime Trust deems it reasonably necessary, Prime Trust is authorized and empowered to consult with its counsel in reference to the Transaction and to retain counsel and appear in any action, suit or proceeding affecting the Transaction. All fees and expenses so incurred shall be your responsibility.

5. Third Party Claims

   You agree to bear sole responsibility for the prosecution or defense, including the employment of legal counsel, of any and all legal actions or suits involving the Transaction, including but not limited to those which may arise or become necessary for the protection of the transactions you make resulting from the Transaction. You also agree to bear sole responsibility for enforcing any judgments rendered in favor of any person, including judgments rendered in the name of Prime Trust.

Section 4 - Representations and warranties for the sale of securities

APPENDIX A

The purpose of this Appendix A is to provide representations and warranties for the sale of securities to Investors located outside of the United States. Shares issued on the Platform and accessible through Pitches may qualify for the exemption described below.

Regulation S

Regulation S provides an SEC compliant way for US and international (Non-US) companies to raise capital outside the US. Regulation S uses a territorial approach and defines criteria pursuant to which certain companies are permitted to conduct their securities offerings without complying with the registration requirements of Section 5 under the US Securities Act.

1. The Investor hereby acknowledges and agrees that:
   1. The Investor has full power and authority to enter into the Investment Agreement, the execution and delivery of the Investment Agreement has been duly authorized, if applicable, and the Investment Agreement constitutes a valid and legally binding obligation of the Investor and Investor is a non-U.S. Person who is not purchasing for the account or benefit of a U.S. Person as defined under Regulation S; the Investor further represents that the sale of the Investor Shares is in compliance with the home country of the Investor;
   2. The issuance of Investor Shares pursuant to the Investment Agreement is intended to qualify for the safe harbour from registration under the Securities Act pursuant to Regulation S thereunder;
   3. Neither the offer and sale of the Investor Shares have been, nor the offer and sale of the Investor Underlying Securities, will be registered under the Securities Act at the time of their issue and for a period of at least one year thereafter, no registration statement is contemplated;
   4. Neither the Investor Shares nor the Investor Underlying Securities may be offered, Sold or transferred within the United States or to or for the account or benefit of any U.S. person, other than pursuant to an effective registration statement under the Securities Act or under an applicable exemption from such registration requirements;
   5. Hedging transactions involving the Investor Shares or the Investor Underlying Securities may only be conducted in compliance with the Securities Act; and
   6. Any offer, Sale or transfer of the Investor Shares or the Investor Underlying Securities must be subject to the following conditions:
      1. subject to Clause 1.3, unless under an applicable exemption from registration, the Investor or transferee must certify that it is not a U.S. person and is not purchasing or receiving the Investor Shares or the Investor Underlying Securities for the account or benefit of a U.S. person; and
      2. the Investor or transferee must agree to resell the Investor Shares or the Investor Underlying Securities only pursuant to registration under the Securities Act or under an applicable exemption from registration, and that hedging transactions involving the Investor Shares or the Investor Underlying Securities may only be conducted in compliance with the Securities Act.
   7. The Investor is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.
   8. Neither the Investor, nor any of its officers, directors, employees, agents, stockholders or partners has either directly or indirectly, including, through a broker or finder
      1. engaged in any general solicitation, or
      2. published any advertisement in connection with the offer and sale of the Shares.
   9. If the Investor is an individual, then the Investor resides in the state or province identified in the address provided by the Investor to BF on the BF Platform; if the Investor is a partnership, corporation, limited liability company or other entity, then the office or offices of the Investor in which its principal place of business is identified in the address or addresses provided by the Investor to BF on the BF Platform.
   10. The Investor understands that no public market now exists for the Shares, and that the SP has made no assurances that a public market will ever exist for the Shares.

APPENDIX B

The purpose of this Appendix B is to provide representations and warranties for the sale of securities to US investors. If the asset is classified as a security and the Platform SP intends to collect funds within the United States, it must register the offer and sale of the securities with the SEC unless it qualifies as an exempt transaction which is a securities transaction where the Platform SP does not need to file such registration statement with SEC (the Exemption). Shares issued on the Platform and accessible through Pitches may qualify for the Exemption below provided that the requirements described below are met.

REG D Rule 506(b)

Rule 506(b) of Regulation D provides a “safe harbor” under Section 4(a)(2) of the Securities Act, whereby a company can raise an unlimited amount of money provided that certain requirements are met. Companies that comply with the requirements of Rule 506(b) do not have to file a registration statement for their offerings of securities with the SEC, but they must file a notice known as a "Form D" electronically with the SEC after they first sell their securities. More information about this Exemption can be found here. The Form D contains information about the offering.

1. The Investor hereby represents and warrants to the Platform SP that:
   1. The Investor has full power and authority to enter into the Investment Agreement, the execution and delivery of the Investment Agreement has been duly authorized, if applicable, and the Investment Agreement constitutes a valid and legally binding obligation of the Investor.
   2. The Investor has had an opportunity to discuss the appropriate Platform SP’s business, the proposed investment in the Investee Entity, management, financial affairs, and the terms and conditions of the offering of the Shares with the Platform SP’s management.
   3. The Investor acknowledges and understands that the issuance of Investor Shares pursuant to the Investment Agreement is intended to qualify for the safe harbour from registration under the Securities Act pursuant to Rule 506(b) thereunder.
   4. The Investor certifies that he/she is not a ‘Bad Actor’ as defined in Rule 506(d) and does not have a relevant criminal conviction, regulatory or court order or other disqualifying event that occurred on or after September 23, 2013, the effective date of the rule amendments.
   5. That the respective Platform SP is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein to determine the applicability of such exemptions and the suitability of the Investor to acquire the Securities.
   6. Neither the offer and sale of the Investor Shares have been, nor the offer and sale of the Investor Underlying Securities will be registered under the Securities Act at the time of their issue and for a period of at least one year thereafter, no registration statement is contemplated.
   7. The Investor is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.
   8. The Investor, or the Investor’s professional advisors, has such knowledge and experience in finance, securities, taxation, investments and other business matters as to evaluate investments of the kind described in the offering agreement.
   9. The Investor understands that the Shares have not been, and will not be, registered under the Securities Act, by reason of a specific exemption therefrom and understands that the Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Investor must hold the Shares indefinitely unless a registration statement is filed with and declared effective by the SEC with respect to the sale and qualified by state authorities.
   10. Neither the Investor, nor any of its officers, directors,employees, agents, stockholders or partners has either directly or indirectly, including, through a broker or finder
       1. engaged in any general solicitation, or
       2. published any advertisement in connection with the offer and sale of the Shares.
   11. If the Investor is an individual, then the Investor resides in the state or province identified in the address provided by the Investor to BF on the BF Platform; if the Investor is a partnership, corporation, limited liability company or other entity, then the office or offices of the Investor in which its principal place of business is identified in the address or addresses provided by the Investor to BF on the BF Platform.
   12. The Investor understands that no public market now exists for theShares, and that the respective Platform SP has made no assurances that a public market will ever exist for the Shares.

APPENDIX C

The purpose of this Appendix C is to provide representations and warranties for the sale of securities to US investors. If the asset is classified as a security and the respective Platform SP intends to collect funds within the United States, it must register the offer and sale of the securities with the SEC unless it qualifies for an Exemption.

Shares issued on the Platform and accessible through Pitches may qualify for the Exemption below provided certain requirements are met as described below.

REG D Rule 506(c)

Under Rule 506(c), a company can raise an unlimited amount of money by a general solicitation, including advertising, the offering, and still be deemed to be in compliance with the exemption’s requirements. Companies that comply with the requirements of Rule 506(c) do not have to register their offering of securities with the SEC, More information about this Exemption can be found here.

1. The Investor hereby represents and warrants to the (issuer) SP that:
   1. The Investor has full power and authority to enter into the Investment Agreement, the execution and delivery of the Investment Agreement has been duly authorized, if applicable, and the Investment Agreement constitutes a valid and legally binding obligation of the Investor.
   2. The Investor has had an opportunity to discuss the SP’s business, management, financial affairs, and the terms and conditions of the offering of the Shares with the SP’s management.
   3. The Investor acknowledges and understands that the issuance of Investor Shares pursuant to the Investment Agreement is intended to qualify for the safe harbour from registration under the Securities Act pursuant to Rule 506(c) thereunder.
   4. The Investor certifies that he/she is not a ‘Bad Actor’ as defined in Rule 506(d) and do not have a relevant criminal conviction, regulatory or court order or other disqualifying event that occurred on or after September 23, 2013, the effective date of the rule amendments.
   5. That the SP is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein in order to determine the applicability of such exemptions and the suitability of the Investor to acquire the Securities.
   6. Neither the offer and sale of the Investor Shares have been, nor the offer and sale of the Investor Underlying Securities will be, registered under the Securities Act at the time of their issue and for a period of at least one year thereafter, no registration statement is contemplated.
   7. The Investor is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act and has been verified by a third party.
   8. The Investor, or the Investor’s professional advisors, has such knowledge and experience in finance, securities, taxation, investments and other business matters as to evaluate investments of the kind described in the offering agreement.
   9. The Investor understands that the offer and sale of the Shares have not been, and will not be, registered under the Securities Act, by reason of a specific exemption and understands that the Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Investor must hold the Shares indefinitely unless they are registered with the SECn and qualified by state authorities.
2. If the Investor is an individual, then the Investor resides in the state or province identified in the address provided by the Investor to BF on the BF Platform; if the Investor is a partnership, corporation, limited liability company or other entity, then the office or offices of the Investor in which its principal place of business is identified in the address or addresses provided by the Investor to BF on the BF Platform.
   1. The Investor understands that no public market now exists for theShares, and that the Platform SP has made no assurances that a public market will ever exist for the Shares.
3. The maximum number of US-based accredited investors that can participate in an investment campaign is 99. This campaign is on a first-come, first-serve basis once the Investor account has been certified as accredited. BF will restrict US investors from investing once 99 US investors is reached.