Terms and Conditions

The User (User) agrees undertakes and warrants that he/ she understands and is satisfied with the contents of these Terms and Conditions, and that his/her purchase of Lendo Tokens is fully subject to them.

ELLIGABILITY TO USE THE LENDO WEB SITE (the Site)

Upon purchase of Lendo Tokens an Agreement exists between Lendo Platform PTE Limited (LPPL) a company registered in Singapore at registered address 491B Rivervalley Road, Valleypoint Singapore and User in accordance with these Terms and Conditions which Agreement will be construed in accordance with the Laws of Singapore.. The right to use Lendo Tokens is personal to the User and is not transferable to any other person or entity. User is responsible for all use of User’s Account (under any screen name or password) and for ensuring that all use of User’s Account complies fully with the provisions of this Agreement. User shall be responsible for protecting the confidentiality of User’s password(s), if any. User represents and warrants that:

  • All information submitted is truthful, current, complete and accurate;
  • Use of the Service does not violate any applicable law or regulation in their jurisdiction; and
  • User is at least 18 years of age

LPPL reserves the right to terminate any Users account project and use of the Site at any time, for any reason at our sole and absolute discretion.

WHAT WE DO

The product token (ELT) is not a digital currency, security, commodity, or any other kind of financial instrument and has not been registered under the Securities Act, the securities laws of any state of the United States or the securities laws of any country, including the securities laws of any jurisdiction in which a potential token holder is a resident.

The English language White Paper is the primary official source of information about LPPL and Lendo Tokens. The information contained within it may from time to time be translated into other languages or used in the course of written or verbal communications with existing and prospective customers, partners etc. In the course of such translation or communication some of the information contained therein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and the official English language White Paper, the provisions of the English language original document shall prevail.

No offer of securities

Lendo Tokens (ELT) cannot be used for any purposes other than as provided in the White Paper, including but not limited to, any investment, speculative or other financial purposes. Lendo Tokens confer no other rights in any form, including but not limited to any ownership, distribution including, but not limited to, profit, redemption, liquidation, property (including all forms of intellectual property), or other financial or legal rights, other than those specifically set forth within the White Paper. Lendo Tokens confer no rights in the company and do not represent participation in the company. Lendo Tokens are sold as a functional utility Lendo Tokens are not securities.

The User acknowledges, understands, and agrees that Lendo Tokens are not securities and are not registered with any government entity as a security, and shall not be considered as such. The User acknowledges, understands, and agrees that ownership of Lendo Tokens does not grant the User any guarantee that they will receive profits, income, or other payments or returns.

arising from the acquisition, holding, management or disposal of, the exercise of, the redemption of, or the expiry of, any right, interest, title or benefit in the Lendo Tokens or Lendo platform or any other Lendo property, in whole or in part. Lendo Tokens are not official or legally binding investments of any kind.

While Users opinions and feedback may be taken into account, Lendo Tokens do not give any right to participate in decision-making or any direction of business development related to the Lendo platform.

Intellectual Property

The Lendo web site contains trademarks, service marks and domain names owned by Lendo or other third parties. Unless specifically noted that such trademarks, service marks or domain names belong to a third party, Lendo owns all trademarks, service marks and domain names displayed on the Site, whether registered or unregistered, including but not limited to, our logo, our design patterns and our other graphics, Lendo.io website trade address, and other indicia of origin of Lendo products and services. The use of our intellectual property is strictly prohibited, unless we have granted our prior written consent.

The content of the Site, including text, graphics, logos, button icons, images, audio clips, digital downloads, data compilations, and any other works of authorship, both individually and as they are compiled on the Site (the “Content”), and software used on this Site, are the property of Lendo or third parties, and are protected by copyright and other UK and EU and foreign intellectual property and related laws, rules and regulations. The Content includes both material owned or controlled by Lendo (“Lendo Content”), and material owned or controlled by third parties and licensed to Lendo. Any use of the Content not expressly permitted by this Agreement is a breach of this Agreement and may violate copyright, trademark and other laws.

Risks and uncertainties

The Lendo platform is under development and is subject to further changes, updates, and adjustments prior to its launch at LPPL’s sole discretion. Such changes may result in unexpected and unforeseen effects on its projected appeal to Users, and hence, impact its success. LPPL and any business related to crypto currency may at some time in the future be subject to state or government regulation, which may affect the viability of the project. For the foregoing or any other reason, the development of the Lendo platform and launch of Lendo future business lines may not be completed as planned in the white paper and there is no assurance that it will be launched at all in the event that unforeseen market conditions, regulation or similar ‘force majeure’ events prevent the implementation and execution of the some or all of the planned development of the platform. By purchasing Lendo Tokens from us, User represents and warrants that:

  1. User’s purchase of Lendo Tokens complies with applicable laws and regulations in their jurisdiction, including, but not limited to,
  • Legal capacity and any other threshold requirements in their jurisdiction for the purchase of the Lendo Tokens
  • Any foreign exchange or regulatory restrictions applicable to such purchase, and
  • Any governmental or other consent that may need to be obtained;
  • User will comply with any applicable tax obligations in their jurisdiction arising from their purchase of Lendo Tokens; and
  • User is not a citizen resident or entity nor are they purchasing Lendo Tokens or signing on behalf of a citizen, resident or entity.of a geographic area in which acceptance of delivery of the Lendo Tokens is prohibited by applicable law, decree, regulation, treaty, or administrative act.

The regulatory status of the Lendo Tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Lendo Tokens. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including Lendo Tokens. Regulatory actions could negatively impact the Lendo Tokens in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of the Lendo Tokens constitutes unlawful activity or that the Lendo Tokens are a regulated instrument that require registration or licensing of those instruments or some or all of the parties.

involved in the purchase, sale and delivery thereof. Lendo may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.

Lendo Tokens are not official or legally binding investments of any kind.

Despite the fact that LPPL intends to reach all goals described in the White Paper, all parties involved in the purchase of Lendo Tokens do so at their own risk and LPPL accepts no responsibility for any User’s participation. All Information is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through Lendo is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.

The Information is general in nature and is not specific to the User or anyone else. User’s should not make any decision, financial, investment, trading or otherwise, based on any of the information presented by LPPL without undertaking independent due diligence and consultation with a professional broker or financial advisory.

RISK STATEMENT – The trading of and investment in alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing toinvest should seek his or her own independent financial or professional advice.

The funds raised in the ICO are exposed to risks of theft and other web based crime. LPPL will make every effort to ensure that the funds will be securely held in blockchain wallets or cold storage. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, in the smart contract(s) on the Ethereum or any.

other blockchain, or otherwise and the User accepts such risks and agrees in whole that LPPL cannot be held responsible for any such losses incurred as a result of Cybercrime. LPPL do not guarantee that provided cryptocurrency would be used as promised or that the projects will reach their goals. Those who access or use the Site do so at their own risk and volition and are solely responsible for compliance with applicable law.

No Cancellation and No Refund

All Lendo Token orders are deemed firm and final. The User acknowledges that they are fully aware that they will not be entitled to claim any full or partial reimbursement under any circumstances whatsoever.

Users should not participate on the Lendo Platform unless they fully understand the nature of the transactions they are entering into and the extent of their exposure to loss. If User’s do not fully understand these risks they must seek independent advice from their financial advisor.

Any content on the Site should not be relied upon as investment advice or construed as providing recommendations of any kind. It is the User’s responsibility to confirm and decide.

which investments to make. Invest only with risk capital; that is, trade with assets that, if lost, will not adversely impact lifestyle or ability to meet financial obligations. Past results are no indication of future performance. In no event should the content of the Site nor any correspondence between User and LPPL or its agents (whether written or oral) be construed as an express or implied promise or guarantee.

Information provided in the Site 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.

Bounty and Referral Fees

From time to time, we may have in place arrangements by which we pay you referral fees for referring investors to Lendo. In order to be eligible you.

must opt in, and your referrals must pass our KYC standard verification. Only once KYC Verified, may bounty bonus, referral fees or any other bonuses for referrals become applicable.

Currently, we have the following referral fee arrangement in place: A Direct Sales Bonus is available to you for referring friends to us. The Direct Sales Bonus works on various levels for example where you have referred a friend you will receive a bonus of 8% (Level 1). If your friend then makes a referral to us you will receive 6% (Level 2), if a further referral is made from that referral you will receive 4% (Level 3). If a further referral is made from a Level 3 referral you will receive 4% (Level 4) and where a further referral from the Level 4 referral is made you will receive 6% (Level 5). The total Direct Sales Bonus that is potentially available to you for making referrals to us is 28%.

In order to qualify for 100% of the Direct Sales Bonus (Level 1 to 5) you need to have purchased ELT tokens for a minimum 10,000 Euros and those tokens need to be kept in your internal wallet in the back office of Lendo. An example of how the Direct Sales Bonus applies is as follows: If we assume that you have qualified for Level 1 to 5 of the maximum Direct Sales Bonus (the 8%, 6%, 4%, 4% and 6%), the Direct Sales Bonus will be applied on a scale depending on the amount of tokens in your internal wallet in the back office of Lendo.

If there is less than 1,000 Euros of ELT in your internal wallet in the back office you will receive 1% over your directly referred friends.

Where there is 2,000 Euros of ELT in your internal wallet in the back office you will receive 20% of the maximum possible bonus.

Where there is 4,000 Euros of ELT in your internal wallet in the back office you will receive 40% of the maximum possible bonus.

Where there is 8,000 Euros of ELT in your internal wallet in the back office you will receive 80% of the maximum possible bonus. * The referral bonus system applies only for members who opted in.

All bonuses will be paid in the same currency as the one that is used to purchase the tokens.

We will generally pay your referral fees to you at the time the relevant investment transaction is completed. However, we may require you to pass anti-money laundering checks or other identification checks, or to satisfy other regulatory requirements, and we may decline to pay you any referral fees until and unless you have done so. If you do not pass such checks or satisfy such requirement within a reasonable period of time we may cancel your referral fees.

Our referral fee system is intended to encourage you to refer genuinely new investors to Lendo. We therefore reserve the right to refuse to pay referral fees in respect of an individual or business that is not directly connected with you. That may include an immediate family member or a company which you control, but it may also include other relationships where we believe that payment of referral fees would not be consistent with the purpose of this system. The determination as to whether to refuse to pay referral fees will be made entirely at our discretion. From time to time we may update the Referral Fee Terms to take account of changes in the law or for any other reason. If we update the Referral Fee Terms, we will post a new version on our website. As soon as you use the website after they are posted, you will be deemed to have agreed to the updated version, but you will still be bound by the terms of any previous versions to which you have agreed or been deemed to agree. If there is conflict between the two versions of the Referral Fee Terms to which you have agreed or been deemed to agree, the more recent version shall take precedence unless it is expressly stated otherwise.

Lendo reserves the right to discontinue or modify the referral fee at any time at in its sole discretion.

No guarantee on trading

LPPL will use reasonable endeavours to seek the approval for availability of the Lendo Tokens for trading on a cryptocurrency exchange. However, even if such approval is granted by a cryptocurrency exchange, there is no assurance that an active or liquid trading market for the Lendo Tokens will develop, or if developed, will be sustained after the Lendo Tokens have been made available for trading on such cryptocurrency exchange.

LPPL is not responsible for, nor does it pursue, the circulation and trading of Lendo Tokens on the market. Trading of Lendo Tokens will merely depend on the consensus on its value between the relevant market participants.

Disclaimer of Warranties

ALL INFORMATION AVAILABLE AT THE SITE IS PROVIDED ON “AS IS,” “WITH ALL FAULTS” AND “AS AVAILABLE” BASIS AND, TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, LPPL DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT OR NON-INFRINGEMENT, AND WARRANTIES IMPLIED FROM A COURSE OF PERFORMANCE OR COURSE OF DEALING. USER EXPRESSLY AGREEs THAT USE OF THE SITE AND THE SERVICES IS AT THEIR SOLE RISK. LPPL DO NOT WARRANT THAT THE SERVICES OBTAINED THROUGH THE SITE WILL MEET EXPECTATIONS OR REQUIREMENTS, BE UNINTERRUPTED OR ERROR-FREE, WILL BE AVAILABLE FOR USE, WILL BE OF A CERTAIN QUALITY, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVER ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE SITE OR THE TECHNOLOGY THAT MAKES IT AVAILABLE, ARE IMMUNE TO HACKER ACTIVITY, ELECTRONIC OR NON-ELECTRONIC TAMPERING, COMPUTER CRIME OR THEFT. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE SITE AND SERVICES IN TERMS OF THEIR CORRECTNESS, ACCURACY, RELIABILITY, TIMELINESS, COMPLETENESS, CURRENTNESS, OR OTHERWISE.

Some jurisdictions do not allow the exclusion of certain warranties. Accordingly, some of the above exclusions may not apply in such jurisdictions.

Limitation of Liability

IN NO EVENT SHALL LPPL (FOR PURPOSES OF THIS SECTION, “LPPL” OR “WE” INCLUDES LPPL’S EQUITY HOLDERS, OFFICERS, DIRECTORS, EMPLOYEES, CONSULTANTS, AGENTS, SUCCESSORS, REPRESENTATIVES OR AFFILIATES) BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH USE OF THE SITE OR THE SERVICES OR WITH THE DELAY OR INABILITY TO USE THE SITE OR THE SERVICES, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE/PLATFORM WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS APPLIES, WITHOUT LIMITATION, TO ANY DAMAGES OR INJURY ARISING FROM ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION OF INFORMATION THROUGH THE SITE, INJURY TO PERSONAL PROPERTY, BODILY INJURY OR EMOTIONAL DISTRESS, COMPUTER VIRUS, FILE CORRUPTION, COMMUNICATION-LINE FAILURE, NETWORK OR SYSTEM OUTAGE, OR THEFT, DESTRUCTION, UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF ANY RECORD. USERS SPECIFICALLY AGREE THAT WE WILL NOT BE LIABLE FOR ANY DEFAMATORY, OFFENSIVE OR ILLEGAL CONDUCT OF ANY USER OF THE SITE OR THE SERVICES. IN NO EVENT WILL OUR TOTAL LIABILITY TO ANY USER OR ANY THIRD PARTY FOR ANY DAMAGES, LOSSES, AND CAUSES OF ACTION RESULTING FROM USE OF THE SITE OR THE SERVICES, WHETHER IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, EXCEED THE AMOUNT OF ETH 0.01.

Applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages, so the above limitation or exclusion may not apply to all Users.

Indemnification

Users agree to defend, indemnify and hold harmless LPPL, our subsidiaries and affiliated companies, and their officers, employees, directors, contractors and agents, from and against any and all claims, causes of actions, suits or proceedings, as well as any and all losses, liabilities, damages, costs and expenses (including attorneys’ fees) and all amounts paid in settlement arising out of, connected with, or accruing from (a) Access to or/and use of the Site, the Services or the Content; (b) Violation of this Agreement, (c) Violation of any applicable law; (d) User Content, or

  • User’s interaction with any User. LPPL may assume the exclusive defense and control of any matter for which User has agreed to indemnify LPPL and User agrees to assist and cooperate with LPPL in the defense or settlement of any such matters.

English Language

In the event of a conflict between these Terms and Conditions and a foreign language version of our Terms and Conditions, the English language version of shall govern. All disputes, claims and causes of action (and related proceedings) will be communicated in English.

International Use

LPPL does not represent or warrant that the Site, or any part thereof, is appropriate or available for use in any particular jurisdiction. Those who choose to access the Site do so on their own initiative and at their own risk, and are responsible for complying with all local laws, rules and regulations, including laws regulating the export of data. LPPL may limit the availability of the Site, in whole or in part, to any person, geographic area or jurisdiction that we choose, at any time and in our sole discretion. Accessing the Site is prohibited from territories where the Site’s Content is illegal.

Cooperation with Authorities and Police Enforcement

LPPL will cooperate with law enforcement authorities as required by law. LPPL will cooperate with law enforcement agencies in any investigation of alleged illegal activity regarding the use of the Platform when requested.

Modifications

LPPL shall have the right at any time to change or modify the terms and conditions applicable to User’s use of the Site and / or Services or any part thereof, or to impose new conditions, including, but not limited to, adding fees and charges for use. Such changes, modifications, additions or deletions shall be effective immediately upon notice thereof, which may be given by means including, but not limited to, posting on the Site or by electronic or conventional mail, or by any other means by which User obtains notice thereof. Any use of the Site by User after such notice shall be deemed to constitute acceptance by User of such changes, modifications or additions.

No Legal Advice

Nothing contained in this Agreement or the Service constitutes legal advice. If Users have any questions regarding legal rights and legal obligations, they should consult with their Legal Advisors.

Notification Procedures

Users agree that LPPL may provide notifications via email or through posting on our Site.

Miscellaneous

Reservation of Rights. We reserve all rights not expressly granted by this Agreement.

Dispute resolution. This Agreement shall be governed by and construed in accordance with the laws of England. In the event of a dispute, the courts of England shall have absolute and exclusive jurisdiction.

Material Terms. Users acknowledge and agree that the warranty disclaimers and liability and remedy limitations in this Agreement are material terms of this Agreement and that they have been taken into account in the decision by us to provide the Site.

If any term or provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal, or otherwise unenforceable, that term or provision will be deemed modified to the extent necessary to render such term or provision enforceable, and the terms and conditions hereunder will be construed and enforced accordingly, preserving to the fullest permissible extent the intent of this Agreement.

Assignment;

Users may not transfer, assign or delegate any of their rights, obligations or privileges hereunder; Lendo may do so at any time.

REFERENCE

Throughout this Agreement references to any gender shall be taken to refer to all genders and the use of the singular shall also mean the plural and vice versa.

Complete Agreement.

This Agreement, including any references mentioned and incorporated herein, together with such changes as may be subsequently made, constitutes the complete agreement between User and Lendo Platform Limited, our subsidiaries, affiliated companies, licensors, and those third parties assisting in the operation of the Site with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, written or oral. The User may not amend this Agreement.