Terms of Use of the Platform

Last updated: January 13, 2026

THIS AGREEMENT GOVERNS YOUR RELATIONSHIP WITH RECORISE LTD, a company registered in accordance with legislation of the Republic of Seychelles with its registered office at F2-2A, Oceanic House, Providence Estate, Mahé, Seychelles (hereinafter referred to as "Operator"), and your use of the Operator's Services (as that term is defined below) available at https://netts.io (hereinafter referred to as "Platform").

You may use the Platform only if you accept all of the terms and conditions contained herein. Please read these terms and conditions carefully before using this Platform because by using this Platform, you accept them. If you do not accept these Terms of Use, do not use this Platform.

General Terms and Acceptance of This Agreement

1. The Operator provides the User with access to the Platform, including all information, graphics, documents, text, products and all other elements of the Platform, as well as all products and services offered on this Platform and services managed through the Platform ("Services"), for Your use in accordance with the terms and conditions set out in this document and any additional documents available on the Platform, the terms and conditions of the individual parts of the Platform that supplement this User Agreement. By clicking the "I agree to the Terms of Use" tick box, you accept (make acceptance of) this User Agreement, agree to all terms and conditions contained and/or referred to in this document or any additional terms and conditions set out on this Platform, and all such terms and conditions shall be deemed to be accepted by you. If You do NOT agree to the terms of the Terms of Use, You shall not use the Platform. If you do NOT agree to any additional terms and conditions or specific Services provided through this Platform, you must NOT use any part of the Platform that contains such Content or through which such Services may be provided, and you must not use such Content or use such Services.

2. The communication between the Operator and the User regarding the use of the Platform shall be carried out by sending an email to [email protected], or by other means of communication specified by the Operator on the Platform.

Entire Agreement

3. These Terms of Use contain full and complete terms and conditions and supersede all prior and contemporaneous agreements between the parties regarding the Services. These Terms of Use do not modify the terms and conditions of any other electronic or written agreement you may have with Operator with respect to the Services or any other Operator product. In the event of a conflict between this Terms of Use and any other agreement you may enter into with the Operator, the conflicting terms of such other agreement will be effective only if expressly identified as superseding this Terms of Use.

Amendments

4. These Terms of Use may be amended by the Operator provided that the Operator posts a new version of the Agreement on the Platform at least 3 calendar days before the effective date of the new version of the Agreement. Please regularly check the Terms of Use posted on the Platform to ensure that you are aware of all terms and conditions governing Your use of this Platform. In addition, special terms and conditions may apply to certain content, materials, Services or information contained in or available through the Platform (the "Content") or Transactions entered into through this Platform.

Definitions

5. The following definitions and rules of interpretation apply in this Agreement:

"Agreement" or "Terms of Use" The present Agreement between You (User) and the Company.
"Operator" Recorise Ltd, a company registered in accordance with legislation of the Republic of Seychelles with its registered office at F2-2A, Oceanic House, Providence Estate, Mahé, Seychelles.
"Services" The Operator shall provide through the Platform the opportunity to rent blockchain resources (such as energy and/or Bandwidth) on supported networks.
"Account" An independent technical part of the Platform, a set of secure pages on the Internet created as a result of the User's via Google or Telegram authorization on the Platform, using which the User can take advantage of the Services.
"Parties" You (User) and the Company (We).
"Privacy Policy" Rules of collection, storage, distribution and protection of personal data that the Operator gets from the Users and that is an essential part of the Agreement which text is available at Platform.
"Platform" Has the meaning specified in the Preamble.
"User" An individual capable under personal law, a natural person or business entity formatted in the appropriate legal form according to local legislation that is eligible to use the Service and has accepted the terms and conditions of the present Agreement with the Company. By using the Services, an individual represents and warrants that: he/she is at least 18 years old; he/she has the legal capacity and authority to enter into these Terms; he/she uses of the Services complies with applicable laws and these Terms. The Company reserves its right to set forth at any time and upon its own discretion special eligibility conditions or other requirements to certain Users.
"Energy" A blockchain computational resource available on certain networks (including, but not limited to, the TRON blockchain), which is required to execute transactions or smart contracts and which functionally substitutes or offsets the payment of network gas fees.
"Gas Fee" A mandatory blockchain network fee required to process a transaction or execute a smart contract on a blockchain network, payable in the native asset of such network or compensated through the consumption of blockchain resources such as Energy.
"Internal Balance" A virtual, off-chain accounting record maintained by the Operator, reflecting prepaid amounts made by the User and used solely for paying for Services, including the purchase of Energy. The Internal Balance does not represent a blockchain wallet, bank account, payment account, or custody of assets on behalf of the User.
"Supported Network" A blockchain network supported by the Platform for the provision of Services, including, without limitation, the TRON blockchain.
"Prepayment" An advance payment made by the User to the Operator and displayed in the User's Internal Balance for the sole purpose of paying for Services.
"External Wallet" A blockchain wallet controlled exclusively by the User, including control over private keys, and not provided, hosted, or controlled by the Operator.
"Transaction" Any blockchain transaction or smart contract interaction initiated, signed, and broadcast by the User using an External Wallet on a Supported Network.
"Virtual Assets" Digital representations of value that may be transferred or stored using distributed ledger or blockchain technology, including cryptocurrencies and other blockchain-based tokens.
"Bandwidth" A blockchain network resource required for certain transactions on Supported Networks, distinct from Energy, and consumed in accordance with the protocol rules of the relevant blockchain.

6. In this Agreement unless the opposite is clear from the context the following rules of interpretation apply:

  • Unless the context otherwise requires, words in the singular shall include the plural and in the plural shall include the singular;
  • Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders;
  • References to clauses and schedules are to the clauses and schedules of this Agreement and references to paragraphs are to paragraphs of the relevant schedule;
  • A reference to any party shall include that party's personal representatives, successors and permitted assigns;
  • All references to a person include firms, companies, government entities, trusts and partnerships or other or unincorporated body (whether or not having separate legal personality);
  • The term 'including' does not exclude anything not listed;
  • A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time;
  • A reference to a statute or statutory provision shall include all subordinate legislation made from time to time under that statute or statutory provision;
  • A reference to writing or written includes fax and e-mail;
  • Any obligation on a party not to do something includes an obligation not to allow that thing to be done;
  • Any words following this Agreement including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding or following that agreement;
  • Headings of section headings are for convenience only and shall not be used to limit or construe such sections. All sections of this Agreement shall survive the termination or expiration of this Agreement.

Risk Notice

7. Trading in Virtual Assets involves significant risk. The User is hereby warned of the following risks:

  • Virtual Assets are not a means of payment, are not secured by the government, and making transactions with Virtual Assets may result in the total loss of funds and other objects of civil rights (investments) transferred or received in exchange for Virtual Assets (including as a result of volatility in the value of Virtual Assets, technical failures (errors), commission of illegal actions, including theft).
  • Unlike most currencies that are backed by governments, other entities or products such as gold or silver, Virtual Assets provide their value solely through technology and trust. There is also no central bank that issues Virtual Assets and can take corrective action to protect the value of Virtual Assets in a crisis. Currently, Virtual Assets are an autonomous and largely unregulated global platform of currency firms and individuals.
  • Virtual Assets may have limited liquidity, which may make it difficult to execute Transactions as they occur. This may occur at any time, including during rapid price movements.
  • Blockchain technology is the subject of intense scrutiny by various regulatory authorities around the world. The operation of blockchain networks and various Virtual Assets may be affected by one or more regulations or regulatory actions, including, but not limited to, restrictions on the use or ownership of any Virtual Assets that may prevent or limit their existence, the permissibility of their use and ownership and their value.

Eligible Users

8. The following restrictions and conditions apply to Your use of the Platform:

  • You shall not go through Google or Telegram authorization on the Platform unless you are of legal age to enter into this Agreement (at least 18 years of age) and are fully capable of using the Platform;
  • You shall not use the Platform to engage in any illegal activity, including but not limited to activities related to money laundering, drug trafficking, human trafficking, arms trafficking, terrorism, securities fraud or tax evasion. You represent and warrant that You will not use the Platform to assist any other party in such illegal activities; reverse engineer or otherwise gain improper access to any underlying code or technical mechanisms of the Platform; damage the Platform or Operator by any means, including (but not limited to) the use of malware, viruses, illegal credentials, phishing, brute force attacks, SQL exploits or any other methods of malicious interception, interruption or damage to the Platform or the Platform;
  • You shall not attempt to circumvent any technical or usage limits of the Services (including via bots, scrapers, or abusive API usage) except as explicitly allowed by us;
  • You shall not register an Account via Google or Telegram authorization if you have already created one Account on the Platform;
  • You shall not register an Account via Google or Telegram authorization if your Account has previously been removed from the Platform by the Operator;
  • You shall not sublicense, rent, lease, sell, exchange, gift, bequeath or otherwise transfer Your Account to anyone without the Operator's written permission;
  • You shall not access or use an Account that has been sublicensed, rented, leased, rented, sold, gifted, bequeathed or otherwise transferred from the original creator of the Account without Operator's consent;
  • The Services are not offered to, and may not be used by, any person who is:
    • a citizen or resident of the United States of America ("U.S."); or
    • located in the U.S.; or
    • otherwise considered a "U.S. person" under applicable U.S. laws and regulations.
  • Notwithstanding the foregoing, the Operator may refuse to grant access to the Platform to any person for any reason.

User Account Registration

9. A person wishing to become a User shall complete the Account registration procedure on the relevant page of the Platform by authenticating via Telegram or Google.

10. By authenticating via Telegram or Google, you authorize us to receive data necessary for authentication and account creation/maintenance in accordance with our Privacy Policy.

11. The User may register only one Account. This clause does not apply to a User who has previously deleted his/her Account at his/her own will.

12. The data provided by the User during registration are collected, used, processed and disclosed by the Operator in accordance with the Operator's Privacy Policy.

13. The Operator may refuse to register an Account if it finds that the registration of the Account will violate the requirements of this Agreement, legislation and (or) the rights of third parties. The User shall be notified via the Platform that his/her application for registration has been rejected.

14. You are solely responsible for:

  • maintaining the confidentiality of your devices and login sessions;
  • securing your Telegram and/or Google accounts;
  • all actions performed through or associated with your account on the Services.

15. If you suspect unauthorized access to your account or any security breach, you must notify us as soon as possible by email at: [email protected]. We are not liable for losses resulting from unauthorized access caused by your failure to adequately protect your account.

Deleting a User Account

16. Unless otherwise provided by applicable law, the Operator or the User may initiate the deletion of the User's Account at any time, without giving any reasons.

17. The User has the right to send a notice to the Operator to delete his/her Account on the Platform. The Account shall be deleted within 10 (ten) working days after receipt of the relevant notice from the User. The User's notification shall be sent to the Operator at the email address: [email protected].

18. The Operator has the right to initiate the deletion of the User's Account, if the Operator suspects that the User violates these Terms of Use, the Account shall be deleted within 2 (two) working days.

19. Upon deletion of the Account, any remaining Internal Balance may be used by the User prior to deletion or handled in accordance with the procedures described on the Platform at the time of deletion, subject to applicable law and compliance requirements.

Service Provision

20. The Operator shall provide the User with the following list of Services within the Platform:

  • Rent blockchain resources (such as energy and/or Bandwidth) on supported networks;
  • Interact with the Services via the website, APIs, and integrations (including, where applicable, a Telegram bot or web forms).

This list may be reduced or expanded at the discretion of the Platform Operator. The current list of Services is always available on the Platform.

21. The Platform is not a bank, payment institution, investment firm, broker, or financial advisor. The Services do not constitute investment, brokerage, or payment services, and are not intended as an offer or solicitation for investment.

22. The Operator does not provide virtual asset exchange, transfer, custody, or settlement services and does not act as a virtual asset service provider (VASP) or crypto-asset service provider (CASP) as defined under applicable regulations, solely by virtue of providing access to Energy purchases including by Prepayment.

23. Information displayed on the Services is for functional and informational purposes only and does not constitute financial, legal, or tax advice.

24. The Operator may modify, suspend, or terminate any part of the Services at any time, with or without notice.

25. For Users' convenience, the Operator may provide one or more deposit addresses associated with your account, which you can use to send Virtual Assets as Prepayment.

26. Virtual Assets sent to deposit addresses may be consolidated or forwarded to our operational ("hot") wallets. The blockchain balances of individual deposit or operational addresses do not directly represent your personal balance.

27. Your user balance is recorded and managed off-chain within our internal accounting systems. This balance is used solely to pay for the acquisition of Energy or other blockchain resources made available through the Platform. It is not a bank account, savings account, or investment product, and may not accrue interest.

28. Blockchain transactions are typically irreversible. You are solely responsible for:

  • ensuring that you send Virtual Assets to the correct deposit address;
  • using the correct network and asset type;
  • carefully checking Transactions details before confirming.

29. We are not liable for any loss of funds resulting from:

  • sending assets to an incorrect, expired, or incompatible address;
  • using an unsupported network or asset;
  • your mistakes or negligence when initiating Transactions.

30. The Services are intended for Users who wish to execute blockchain Transactions and/or deploy or interact with smart contracts on Supported Networks.

31. In order for a Transaction to be processed or a smart contract to function on a Supported Network, the applicable Gas Fee must be paid or otherwise compensated in accordance with the rules of the relevant blockchain.

32. The Platform provides Users with the technical ability to acquire and utilize Energy, which may be consumed to cover or reduce the Gas Fee required for such Transactions or smart contract executions.

33. For clarity, the Service flow is as follows:

  • the User creates an Account on the Platform;
  • the User makes a Prepayment, which amount is displayed in the Internal Balance;
  • the User uses the Prepayment to purchase Energy;
  • the User independently initiates a Transaction from the User's External Wallet;
  • Energy is consumed by the blockchain network in accordance with its protocol rules.

34. At no stage does the Operator initiate, sign, transmit, or execute Transactions on behalf of the User.

35. Each party independently bears all blockchain network fees, Gas Fees, validator fees, transaction fees, and any other network-level or third-party costs incurred in connection with blockchain Transactions.

36. The Operator does not set, collect, administer, or control such blockchain network fees, Gas fees, transaction fees, and any other network-level fees, and does not receive any portion thereof. All such costs arise solely under the rules of the relevant blockchain network and are paid directly by the party initiating the Transaction.

Energy

37. Energy is a blockchain resource available on certain Supported Networks, including the TRON blockchain, which is required to execute Transactions or smart contracts and which functionally replaces or compensates the payment of Gas Fees.

38. For the purposes of this Agreement, references to the "purchase" of Energy describe the technical allocation and consumption of Energy through the Platform and do not imply the transfer of ownership or proprietary rights in any blockchain resource.

39. Energy is made available to Users through the Operator's own technical infrastructure and third-party integrations, without transferring control over blockchain accounts or resources to the User.

40. The Operator does not execute Transactions, deploy smart contracts, or otherwise act on behalf of the User on any blockchain network. All blockchain Transactions and smart contract interactions are initiated, signed, and broadcast exclusively by the User from the User's own External Wallet, outside of the Platform and outside of the Operator's technical systems.

41. The Operator provides the User with access to a technical infrastructure that allows the User to acquire and utilize Energy, which may be consumed by the blockchain network when the User independently executes Transactions or smart contracts. The consumption of such Energy may result in lower effective costs for the User compared to the direct payment of Gas Fees.

42. The Operator does not guarantee any specific level of cost savings, efficiency, or performance, and makes no representations that the use of Energy will be cheaper than direct payment of Gas Fees in all cases.

43. To access Energy, the User may make a Prepayment to the Operator. The User may subsequently use the Prepayment to purchase Energy in the amounts and on the terms available on the Platform at the time of purchase.

44. Prepayment does not represent stored value, electronic money, or a deposit, and is used exclusively to pay for Services provided through the Platform, including the purchase of Energy.

45. The purchase of Energy does not constitute:

  • the execution of a blockchain Transaction by the Operator;
  • custody or control of the User's Virtual Assets or private keys;
  • a transfer of funds, virtual assets, or value on behalf of the User; or
  • a guarantee that any specific Transaction or smart contract execution will succeed.

Energy is consumed automatically by the blockchain network in accordance with its protocol rules at the time the User executes a Transaction or smart contract. The Operator does not control, reverse, cancel, or modify such consumption.

46. The User acknowledges and agrees that:

  • Energy is not a financial product, investment, or payment service;
  • the availability, pricing, and effectiveness of Energy depend on network conditions;
  • unsuccessful or reverted blockchain Transactions may still consume Energy;
  • the Operator bears no responsibility for the outcome of any blockchain Transaction or smart contract executed by the User.

Disclaimer of Warranties

47. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE PLATFORM IS AT YOUR SOLE RISK AND THAT ALL RISK AS TO THE SATISFACTORY QUALITY AND PERFORMANCE OF THE PLATFORM RESTS WITH YOU.

48. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, OPERATOR'S SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS.

49. OPERATOR DISCLAIMS ALL WARRANTIES AND REPRESENTATIONS (EXPRESS OR IMPLIED, ORAL OR WRITTEN) WITH RESPECT TO THE OPERATOR SERVICES AND THE CONTENT THEREIN, INCLUDING, BUT NOT LIMITED TO: (I) WARRANTIES OF FITNESS; (II) WARRANTIES OF FITNESS FOR ANY PURPOSE (WHETHER OR NOT OPERATOR KNOWS OR SHOULD KNOW); AND (III) WARRANTIES OF NON-INFRINGEMENT.

50. THE OPERATOR DOES NOT WARRANT THAT THE PLATFORM SERVICES WILL BE CORRECT OR FULLY MEET YOUR REQUIREMENTS, THAT THE OPERATION OF THE PLATFORM WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT ANY DEFECTS WILL BE CORRECTED. NO ORAL OR WRITTEN INFORMATION, RECOMMENDATIONS OR ADVICE GIVEN BY THE OPERATOR OR OUR AUTHORISED REPRESENTATIVE SHALL CONSTITUTE A WARRANTY.

51. SOME JURISDICTIONS DO NOT ALLOW A WAIVER OF THE STATED TERMS IN USER AGREEMENTS, SO SOME OR ALL OF THE DISCLAIMERS IN THIS SECTION MAY NOT APPLY TO YOU.

Limitation of Liability

52. EXCEPT AS OTHERWISE REQUIRED BY LAW, IN NO EVENT SHALL THE OPERATOR, OUR DIRECTORS, MEMBERS, EMPLOYEES OR AGENTS BE LIABLE FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA, WHETHER IN AN ACTION IN AGREEMENT, TORT (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) OR OTHERWISE, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OF OR INABILITY TO USE OUR SERVICE OR THE OPERATOR MATERIALS, INCLUDING WITHOUT LIMITATION ANY DAMAGES CAUSED BY OR RESULTING FROM RELIANCE BY ANY USER ON ANY INFORMATION OBTAINED FROM THE OPERATOR, OR THAT RESULT FROM MISTAKES, OMISSIONS, INTERRUPTIONS, DELETION OF FILES OR MESSAGES, EMAIL, ERRORS, DEFECTS, VIRUSES, DELAYS IN OPERATION OR TRANSMISSION OR ANY FAILURE OF PERFORMANCE, WHETHER OR NOT RESULTING FROM A FORCE MAJEURE EVENT, COMMUNICATIONS FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO OPERATOR'S RECORDS, PROGRAMS OR SERVICES.

53. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this section may not apply to certain users.

54. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE AGGREGATE LIABILITY OF THE OPERATOR (INCLUDING OUR DIRECTORS, MEMBERS, EMPLOYEES AND AGENTS), WHETHER IN AGREEMENT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), PRODUCT LIABILITY, STRICT LIABILITY OR OTHER THEORY, ARISING OUT OF OR RELATING TO THE USE OF, OR INABILITY TO USE THE SERVICE EXCEED THE AMOUNT EXCEEDING THE VALUE OF THE OPPORTUNITIES PROVIDED BY THE OPERATOR IMMEDIATELY PRECEDING THE DATE OF ANY CLAIM GIVING RISE TO SUCH LIABILITY.

55. The Operator shall not be liable for the information published on the Service.

56. The Operator shall not be liable for any damages caused by delay or failure to perform its obligations under the Agreement in case if the said delay or failure is due to fires; strikes; floods; power outages or failures; acts of God or the state's enemies; lawful acts of public authorities; any and all acts that are regarded as Force Majeure in legal practice.

57. The Operator does not intermediate, route, process, or execute blockchain Transactions on behalf of Users and does not act as a counterparty to any Transaction conducted by the User on a blockchain network.

Limited Right of Use

58. Any use of the Platform in violation of this Agreement is strictly prohibited and may result in immediate termination of Your access to the Platform and may subject you to liability for violation of law. ANY ATTEMPT BY YOU TO UNDERMINE OR INTERFERE WITH THE PLATFORM IS A VIOLATION OF OPERATOR POLICY AND MAY BE A VIOLATION OF APPLICABLE LAW.

59. You agree that under no circumstances will you:

  • Engage in any conduct that Operator, in its reasonable discretion, deems contrary to the policies and purposes of the Platform, including, but not limited to, circumventing or manipulating the terms of the Agreement or any other rules;
  • Use the Platform intentionally or unintentionally in connection with or in furtherance of a violation of any applicable law or the rights of third parties;
  • Use exploits, automation software or any unauthorised third party software designed to modify or interfere with the Platform;
  • Overload, disrupt or contribute to the disruption and overloading of computers or servers used to maintain the Platform ("Server");
  • Organise, facilitate or participate in any type of attack, including, without limitation, spreading viruses, denial of service attacks, mining attacks on the Platform or other attempts to disrupt the Platform;
  • Attempt to gain unauthorised access to the Platform, Servers or networks connected to the Platform by any means other than the user interface provided by the Operator, including, but not limited to, circumventing or modifying, attempting to circumvent or modify, or encouraging or assisting any other person to circumvent or modify, any security, technology, device or software that is part of the Platform;
  • Interfere or attempt to interfere with the proper functioning of the Platform in any manner not permitted by these Terms of Use;
  • Use, facilitate, create or maintain any unauthorised connection to the Platform, including, without limitation, (1) any connection to any unauthorised server that emulates or attempts to emulate any part of the Platform; or (2) any connection using programs, tools or software not approved by Operator;
  • Reverse engineer, decompile, disassemble, decrypt or otherwise attempt to obtain the source code of any underlying software or other intellectual property used to provide the Services, or obtain any information from the Platform in any manner not expressly permitted by the Operator;
  • Copy, modify or distribute the rights of the Platform Content, the Operator's copyrights or trademarks or use any method of copying or distributing the Platform Content, except as specifically permitted by the Terms of Use;
  • Publicly disseminate information about the types and methods of violation of these Terms of Use and Privacy Policy, as well as publicly call for violation of this Agreement and Privacy Policy;
  • Publicly disseminate information (correspondence in full or in part) received as a result of communication with the technical support team;
  • Use IP-proxy or other methods to conceal the region (country) of Your current location in order to circumvent geographical restrictions to access the Platform or for any other purposes;
  • Violate the rights and interests of other users, including insulting and humiliating them, sending spam, etc.

60. To lift the termination of the restriction to the Platform, the User has the right to address the Operator with a corresponding letter to the E-mail address: [email protected].

Linking to the Platform

61. You may link to the home page of the Platform or to any other page on the Platform. However, you are not permitted to use embedded links or frames. This does not mean that the Operator endorses or sponsors the mention of a link to the Platform. You must not use Operator's intellectual property, including but not limited to, trademarks, trade name, copyrights without Operator's permission. In addition, you agree to remove the link at any time upon our request.

Applicable Law and Dispute Resolution

PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT REQUIRES YOU TO ARBITRATE DISPUTES WITH US AND LIMITS YOUR REMEDIES.

62. This Agreement shall be governed by, construed and enforced in accordance with the laws of England and Wales.

63. The Parties shall endeavour to resolve all disputes, controversies and claims that may arise in connection with the performance, termination or cancellation of the Agreement by negotiation. The Party having claims shall send a notice to the other Party describing the claims and/or disagreements that have arisen. If there is no agreement during negotiations, the Party shall send a claim to the other Party. The Party receiving the claim shall respond to it in writing within ten (10) days from the date of receipt.

64. Any dispute, disagreement or claim arising out of or in connection with this Agreement, its breach, termination or invalidity shall be subject to final settlement in a competent court at the location of the Operator.

Indemnification

65. You hereby agree to indemnify and hold harmless the Operator, its affiliates, officers, directors, agents, and employees, from any expense, loss, claim, damage, fine, penalty or liability, including reasonable fees for attorneys and other professionals, payable under any judgment, verdict, court order or settlement, to the extent resulting from any claim, demand, action, suit, arbitration, or other proceeding initiated by any third party, including the assessment, claim or demand by a governmental agency or entity, arising out of Your breach of these Terms of Use, including without limitation infringement by User materials of any intellectual property rights and/or of any third-party intellectual property rights, including, but not limited to, patent, trademark, copyright, trade secret, publicity and/or privacy.

Transfer of Rights and Obligations

66. The Operator may assign the performance of any of its obligations under the Agreement and/or the Privacy Policy, in whole or in part, to any person or entity at any time with or without Your consent. You may not assign any rights or obligations under the Agreement and/or the Privacy Policy without the prior written consent of the Operator, which may be withdrawn at its sole discretion, and any unauthorised assignment by you is void and unenforceable.

Severability

67. If any term, condition, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remaining terms, conditions, covenants and restrictions set forth in this Agreement shall remain in full force and effect and shall not in any way be affected, impaired or invalidated and the parties hereto shall use their commercially reasonable endeavours to seek and use alternative means of achieving the same. It is hereby stipulated and declared to be the intention of the parties that they would have complied with the remaining terms, conditions and limitations of the Agreement, not including any that may subsequently be held invalid, illegal or unenforceable.

Notices

68. Any notice or other communication under this Agreement shall be in writing and shall be deemed given and received when sent by email, unless otherwise provided in the Agreement. The User's official e-mail for communication shall be the e-mail specified by the User when creating an Account. The language of communication is English.

Privacy Policy and Personal Information

69. The Operator has developed the Privacy Policy, which regulates the use and protection of the User's private information in accordance with the current legislation and good practice. The full text of the Privacy Policy is available on the Platform.

70. Despite all security measures taken by the Operator, the User acknowledges that there are certain risks of attack on the Operator by electronic means in order to obtain private information and that the Operator cannot guarantee full protection.

Term and Termination

71. Deletion of a User Account shall result in termination of this Agreement, unless otherwise required by applicable law.

72. The term of this Agreement ("Term") shall begin upon Your start using this Platform and shall continue indefinitely, unless terminated by the Operator in the manner provided in this Agreement. The Operator reserves the right to modify, suspend or discontinue all or parts of the Services at any time and may terminate Your use of the Services at any time. Without prejudice to any other rights, these terms of the Agreement will automatically terminate if you fail to comply with any restrictions or other requirements described herein. Upon termination or expiry of the Agreement, you must immediately cease using the Platform, including, without limitation, any use of Operator's trade marks, trade names, copyrights and other intellectual property.

73. WITHOUT LIMITING OTHER REMEDIES, OPERATOR MAY, WITH OR WITHOUT PRIOR NOTICE, RESTRICT, SUSPEND, TERMINATE, MODIFY OR REMOVE YOUR ACCOUNT OR ACCESS TO THE PLATFORM OR PORTIONS THEREOF WITH OR WITHOUT NOTICE TO YOU IF OPERATOR REASONABLY SUSPECTS THAT YOU ARE NOT COMPLYING WITH THIS TERMS OF USE OR ARE USING THE PLATFORM IN AN UNLAWFUL OR IMPROPER MANNER. YOU MAY LOSE ACCESS TO YOUR USER ACCOUNT AS A RESULT OF THE DELETION OR RESTRICTION OF YOUR USER ACCOUNT, OR LOSE ANY BENEFITS ASSOCIATED WITH YOUR USE OF THE PLATFORM, AND THE OPERATOR WILL HAVE NO OBLIGATION TO COMPENSATE YOU FOR ANY SUCH LOSSES.

74. WITHOUT LIMITING OTHER REMEDIES, WE MAY LIMIT, SUSPEND OR TERMINATE THE PLATFORM AND ACCESS TO USER ACCOUNTS, DENY ACCESS TO OUR PLATFORM, ITS CONTENT, SERVICES, TOOLS, SLOW DOWN OR REMOVE POSTED CONTENT, AND TAKE TECHNICAL AND LEGAL MEASURES TO PREVENT USERS FROM ACCESSING THE PLATFORM IF WE BELIEVE THAT THEY POSE A RISK OR POTENTIAL LEGAL LIABILITY, VIOLATE THE INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES, OR ACT INCONSISTENTLY WITH OUR TERMS AND CONDITIONS. IN ADDITION, IN APPROPRIATE CIRCUMSTANCES AND AT OUR SOLE DISCRETION, WE MAY SUSPEND OR TERMINATE ACCESS TO THE ACCOUNTS OF USERS WHO MAY BE REPEAT INFRINGERS OF THIRD PARTY INTELLECTUAL RIGHTS.

Contact Information

Operator: Recorise Ltd

Address: F2-2A, Oceanic House, Providence Estate, Mahé, Seychelles

Email: [email protected]

Website: https://netts.io