Article I Agreement Signing
- Before buying the Swarm node of WBF (herein after referred to as "Swarm node"), please carefully read all the articles of the Subscription Agreement of Node Sales of WBF SWARM (herein after referred to as "this agreement"), fully understand this agreement and its articles.If you have any doubt about the contents of this agreement, please do not conduct the operation of the next step.
- 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 of this agreement, and agree to conclude this agreement with us.
Note: If you have any doubt or dissent over the contents of this agreement 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 serviice.
Article II Related Definitions and Explanations
- Purchase of Swarm node:It refers to the Swarm node of the stipulated unit that you buy in WBF, so that you enjoy the right of obtaining the according airdrop income obtained by the node within a certain term; you do not need to assume the electricity fee, network fee, operation and maintenance fee arising out of the operation of the "node" that you purchase.
- The Swarm node you purchase will be put in the node test network of WBF.
- The host machine involved by the Swarm node that you purchase does not belong to you. The one that you purchase is the remaining "node" of the host machine of the Swarm node that WBF has the right to sell (the node released and sold by WBF online shall prevail).The "node" part of the WBF-owned Swarm node may be separately sold to other users that buy the Swarm node.
Article III Force Majeure
- If either party suffers from force majeure so that they fail to fully or partially fail to fulfill the agreement or need to postpone the fulfillment of the agreement, it shall notify the other party in writing or the electronic form of the conditions within 20 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 of this agreement after the incident is removed, unless the fulfillment is impossible or unnecessary.
- The "force majeure" mentioned in this agreement 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 of the Agreement
During your use of the platform service, if the following conditions occur, we may unilaterally cancel this agreement:
- Your account is cancelled out of any reason;
- You use the platform service in the name of others or through others' account;
- You use the platform service for illegal purpose;
- You conduct any behavior that may encroach on the platform system and data;
- You violate any laws and regulations, and the stipulations of the agreement;
- The regulatory authority holds that the service provided by the service no longer meets related regulatory stipulations;
- Besides the above reasons, if 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.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 The 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 of this agreement 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 of this agreement and dispute settlement shall abide by the laws and regulations of Singapore.
- If the Singaporean law that the subscription of this agreement abides by is changed, this agreement shall also change relevant contents;If the objective conditions that the subscription of this agreement abides by are changed, thus making the agreement fail to fulfill, related contents of the agreement may be changed or the fulfillment of the agreement may be terminated after the negotiation an approval of the parties.
- For matters unstipulated in this agreement, both parties may separately sign the supplementary agreement to stipulate.
- The appendix, various supplements, revisions or changes of this agreement are inseparable components of this agreement, with the equal legal validity of the main body.
May 27, 2021