Article I Execution of the Agreement
- Before purchasing WBF's AIOT Mining(hereinafter referred to as "Cloud Computing Power"), please read and understand all the articles of the WBF AIOT MiningSubscription Agreement (hereinafter referred to as "this Agreement"). If you have any doubt about the contents of this Agreement, please do not begin to execute it.
- If you confirm by using the platform service or through the network page or accept this Agreement through other modes, you are deemed to have fully understood all articles herein, and agree to conclude this Agreement with us.
Note: If you have any doubt or dissent over the contents hereof before you agree to conclude this Agreement, please contact us, so that we may explain it to you and make you fully understand it, so as to help you autonomously decide whether you may accept this Agreement or use our service.
Article II Related Definitions and Explanations
- Purchase of cloud computing power: It means that you purchase the agreed unit of computing power for the corresponding period from WBF, so that you have the right to obtain the corresponding mining output generated by the computing power within a certain period of time. You do not need to bear the electricity, network, and operation and maintenance costs incurred by the operation of the "computing power" you have purchased.
- The cloud computing power you purchased will be placed in the computing power room network of WBF.
- The host involved in the cloud computing power you purchased does not belong to you. What you are buying is the remaining "computing power" involved in the cloud computing power host that WBF has the right to sell (the computing power should be based on the computing power released and sold online by WBF). WBF has a part of "computing power" that exceeds the cloud computing power you have purchased, and it can be sold separately to other users.
Article III Force Majeure
- If either party suffers from force majeure so that they fail to fully or partially fail to fulfill this Agreement or need to postpone the fulfillment hereof, it shall notify the other party in writing or the electronic form of the conditions within twenty days after the occurrence day of force majeure.
- The party that suffers from force majeure shall take all necessary measures to reduce losses, and immediately restore the fulfillment hereof after the incident is removed, unless the fulfillment is impossible or unnecessary.
- The "force majeure" mentioned herein refers to the unforeseeable, unavoidable or insurmountable objective incidents, including but not limited to: natural disasters (flood, fire, explosion, lightning, earthquake and storm), social incidents (such as war, disorder, governmental control, national policy, sudden change of laws, strike, attack of hackers or computer virus, technical adjustment of telecommunication departments).
Article IV Cancellation and Termination
During your use of the platform service, if the following conditions occur, we may unilaterally cancel this Agreement:
- Where your account is cancelled out of any reason;
- Where you use the platform service in the name of others or through others' account;
- Where you use the platform service for illegal purpose;
- Where you conduct any behavior that may encroach on the platform system and data;
- Where you violate any laws and regulations, and the stipulations hereof;
- Where the regulatory authority holds that the service provided by the service no longer meets related regulatory stipulations;
- Besides the above reasons, in case we need to terminate some services for you out of risks and our business operation, WBF will issue announcements or notify you according to conditions. Whereas this is a normal business decision-making behavior, so please understand that we do not need to bear responsibilities if you fail to use the platform service or your service is restricted out of this.
Article V Explanation of this Agreement, Law Application, Entry-into-force Conditions and Other Stipulations
- This Agreement shall immediately come into effect once you tick "I have read and agree".
- The cancellation, termination hereof or inefficacy of related articles shall not influence the efficacy of its stipulations about explanation, confidentiality, liability for breach of contract, law application and dispute settlement.
- The subscription, efficacy, explanation, fulfillment hereof and dispute settlement shall abide by the laws and regulations of Singapore.
- If the Singaporean law that the subscription hereof abides by is changed, this Agreement shall also change relevant contents; In case this Agreement fails to execute because of any major changes in the objective conditions that the Agreement abides by, related contents hereof may be changed or the fulfillment hereof may be terminated after the negotiation an approval of the parties.
- For matters unstipulated herein, a separate supplementary agreement may be made and concluded.
- The appendix, supplements, revisions or changes hereof are inseparable components of this Agreement, with the equal legal validity of the main body.
August 11, 2021