TERMS OF USE

Legal documents

Last revised: 01.07.23

Global Wealth Community Inc.

These are Global Wealth Community Inc. Dashboard Terms of Use (hereinafter – the “Terms of Use” or “(Global Wealth Community Inc. Terms” or “our Terms”) apply to and govern your permitted users’ access to and use of the Binance Smart Chain-based application (the “Global Wealth Community Inc.” or “Dashboard” or “Our Dashboard”) and the services and tools made available on the Dashboard (collectively, the “Services”). These Terms form the agreement between “Global Wealth Community Inc.”, “we”, “us”, “our”) and you as a physical person or the legal entity which you represent (“you” or “your”), and constitute a binding legal agreement.

Please read these Terms of Use carefully, as they govern your use of our Services, and expressly cover your rights and obligations, and our disclaimers and limitations of legal liability, relating to such use. By clicking “I Agree” to the Terms of Use or using the Services, you accept and agree to be bound by and to comply with these Terms of Use. If you do not agree to these Terms of Use, you must not access or use our Services.

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Basic provisions

DEFINITIONS

For the purpose of clarity and understanding, the terms listed below shall have the following meaning: “Account” – a user account assigned to you after completion of the registration procedure on the Global Wealth Community Inc. web-site available via this link: gfst.io. “Affiliate” means, with respect to a party to these Terms of Use, any legal entity that, directly or indirectly controls, is controlled by, or is under common control with such party. “Applicable Law” has the meaning set out in Section 12. “BNB” means Binance Smart Chain Blockchain Security Token that may be used to purchase computational resources to run decentralized applications or perform actions on the the Binance Smart Chain Blockchain.

“Binance Smart Chain Security” means the underlying blockchain infrastructure which we utilize to provide its Services. “Governmental Authority” includes any domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority. “Investor” – a user who has a registered Account, has access to the Dashboard and utilizes the Services to purchase a portion of our tokens. “Issuer” – a user who has a registered Account, has access to the Dashboard and utilizes provided to him to operate his own version of the Dashboard, offer for purchase his own tokens and enjoy other services provided by us in this regard as described further in Section 3 Global Wealth Community Inc. DASHBOARD SERVICES”. “Services” has the meaning set out in article 3.1 below. “GFST Token” - a security token which is a form of digital securities, which can be purchased by the Investors via Dashboard (the terms of which are more fully set out in Prospectus).

MODIFICATIONS TO THE Global Wealth Community Inc. TERMS

We reserve the right, in our sole discretion, to modify these Terms from time to time. Any and all such modifications are effective immediately upon posting. By clicking “I Agree” to any modified terms or by continuing to access or use the Services, you accept and agree to be bound to the modified terms. You agree to frequently review these Terms to ensure that you are aware of any such modified terms

Global Wealth Community Inc. DASHBOARD SERVICES
Services for Token holders – provision of access to a set of instruments that allows you to configure and run your own web-based digital security's management platform – Global Wealth Community Inc. Dashboard. The mentioned Services consist of the following actions and items (but not limited to them).

Tools to register your account on the our platform, which can be accessed via the following link: gfst.io.

Tools to validate yourself as a potential token holder, including but not limited to completion of our Know Your Customer (“KYC”) procedures.

Tools to purchase our tokens and enjoy other available services.

Binance Smart Chain Charges - Some Services involve the use of the Binance Smart Chain Blockchain, which may require you to pay a fee for performing a transaction on the Binance Smart Chain Blockchain. You acknowledge and agree that we have no control over:

(a) any Binance Smart Chain Blockchain transactions;
(b) the method of payment of any Charges; or (c) any actual payments of Charges.

Accordingly, you must ensure that you have a sufficient balance of BNB stored at your Binance Smart Chain Blockchain Address to complete any transaction on the Binance Smart Chain Blockchain before initiating such Binance Smart Chain Blockchain transaction. We will make reasonable efforts to notify you of any Charges before initiating any Services that require the use of the Binance Smart Chain Blockchain.

Acceptance of payment – notwithstanding the amount of tokens you have indicated in the appropriate line on our Dashboard, we will transfer you tokens only in the amount that you have paid for, meaning that if there is a discrepancy between the amount of tokens that you put in the appropriate line on our Dashboard and the amount of money you have paid, we will transfer you an amount of tokens equals to the amount of received payment.

Return of payments - Please note, that we will transfer your funds back in the following cases:

if you have provided payment in the amount which is less than the established minimum cap for token purchase;
if you have provided payment via any bank, wallet address or other payment instrument which is different from the whitelisted one during the registration procedure.

ACCOUNT

Account - You must have a registered account on our web-site: gfst.io in order to use the Services. During registration, in order to create an Account, we will ask you to provide certain information, including, but not limited to: your name, your physical address, your email address and/or your Binance Smart Chain Blockchain Address.

Your Responsibilities - As a condition to accessing or using the Services, you shall:

only use the Services for lawful purposes and in accordance with these Terms of Use;
ensure that, at all times, all information that you provide for the Services, including the information in your Account, is complete and accurate;
maintain the security and confidentiality of your Account and Binance Smart Chain Security Address.

Unacceptable Use or Conduct - As a condition to accessing or using the Services, you will not:

violate any Applicable Law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing regimes;
infringe on or misappropriate any contract, intellectual property or other third-party rights using the Services;
use the Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Services, or that could damage, disable, overburden, or impair the functioning of the Services in any manner;
attempt to circumvent any content filtering techniques or security measures that we employ for the Services, or attempt to access any service or area of the Services that you are not authorized to access;
use any malware or other automated means not provided by us, to access the Services or to extract any data which can be gained utilizing the Services;
use or attempt to use another user’s Account without authorization;
post content or communications using the Services that we, in our sole discretion, consider to be libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
use the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined is a jurisdiction where the use of the Services is prohibited;
encourage or induce any third party to engage in any of the activities prohibited under this Section.

Your Assumption of Risks - You represent and warrant that you: have the necessary technical expertise and ability to review and evaluate the security, integrity and operation of any tokens, including GFST, that you decide to interact with;

have the knowledge, experience, understanding, professional advice and information to make your own evaluation of the merits, risks and applicable compliance requirements under Applicable Law of any security token activity you engage in and are able to incur a complete loss of any amounts invested using the Dashboard without impairing your financial condition;
know, understand and accept the risks associated with your Binance Smart Chain Blockchain Address, the Binance Smart Chain Blockchain, GFST;
accept the risk of purchasing GFST, exchanging them and otherwise utilizing the Services, and are responsible for conducting your own independent analysis of the risks specific to your use of the Services;
understand and accept that the Services are software applications consisting of code subject to flaws and that you acknowledge that you are solely responsible for evaluating any code provided and for evaluating the functioning of any Services accessed without any liability to us.

Account Activities - You acknowledge and agree that you will be bound by, and hereby authorize us to accept and rely on any agreements, instructions, orders, authorizations and any other actions made, provided or taken by anyone who has accessed or used your Account, regardless of whether such access is authorized or unauthorized. You further acknowledge and agree that we will not be liable for any of its actions that you have authorized it to take

PRIVACY NOTICE

Please refer to our Privacy Notice or information about how we collect, use, and share your information.

PROPRIETARY RIGHTS

Ownership of Services - Excluding any open source software or third-party licensed software that the Services incorporate, we own the Services, including all technology, content, intellectual property objects and rights in them and other materials used, displayed or provided on or in connection with the Services.

License;
Software License;

Limitations - The Services are provided using proprietary services we are licensed to use by third-party providers. You acknowledge that the Services may use, incorporate or link to certain open-source components and that you will comply with any applicable open-source licenses that govern any such open-source components.

Trademarks - Any of our product or service names, logos, and other marks used in or as a part of the Services, including our name and logo, are trademarks owned by the Global Wealth Community Inc, its Affiliates or its applicable licensors. You may not copy, imitate or use them without our (or the applicable affiliate’s or licensor’s) prior written consent.

CHANGES, SUSPENSION, TERMINATION

Changes to Services - We may, at our sole discretion, from time to time and without prior notice to you, modify, suspend or disable, temporarily or permanently, the Services, in whole or in part, for any reason whatsoever.

No Liability - We will not be liable for any losses suffered by you resulting from any modification to any Services or from any suspension or termination, for any reason, of your access to all or any portion of the Services.

Effect of Termination - In the event we terminate your Account or your complete access to the Services, we may delete or suspend your Account and all related information and files in such Account.

COMMUNICATIONS

You agree to receive all communications, agreements, documents, receipts, notices, and disclosures electronically (collectively, “Communications”) that we provide in connection with these Terms of Use, your Account or any Services. You agree that we may provide our Communications to you by, in our sole discretion, posting them on our web-site: gfst.io or by emailing them to you at the email address linked to your Account.

INDEMNIFICATION

You will defend, indemnify, and hold harmless us, our Affiliates and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors (collectively, “Indemnified Parties”) from any claim, demand, lawsuit, action, proceeding, investigation, liability, damage, loss, cost or expense, including, without limitation, reasonable attorneys’ fees, arising out of or relating to (a) your use of, or conduct in connection with, the Services;

(b) the transfer of your tokens to third parties;
(c) any Binance Smart Chain Blockchain assets associated with your Binance Smart Chain Address;
(d) any feedback or user content you provide when accessing the Services, if any; (e) your violation of these Terms;

or (f) your infringement or misappropriation of the rights of any other person or entity. If you are obligated to indemnify any Indemnified Party, we (or, at its discretion, the applicable Indemnified Party) will have the right, in our sole discretion, to control any action or proceeding and to determine whether we wish to settle, and if so, on what terms.

LIMITATION OF LIABILITY

To the maximum extent permitted under Applicable Law, the Services (and any of their content or functionality) provided by or on behalf of us are provided on an “AS IS” and “AS AVAILABLE” basis, and we expressly disclaim, and you waive, any representations, conditions or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including, without limitation, the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Services (including any data relating thereto) will be uninterrupted, available at any particular time or error-free. Further, we do not warrant that errors in the Services are correctable or will be correctable.

You acknowledge that your data may become irretrievably lost or corrupted or temporarily unavailable due to a variety of causes, and agree that, to the maximum extent permitted under Applicable Law, we will not be liable for any loss or damage caused by denial-of-service attacks, software failures, viruses or other technologically harmful materials (including those which may infect your computer equipment), protocol changes by third party providers, Internet outages, force majeure events or other disasters, scheduled or unscheduled maintenance, or other causes either within or outside our control.

The disclaimer of implied warranties contained herein may not apply if and, to the extent, such warranties cannot be excluded or limited under the Applicable Law of the jurisdiction in which we reside.

EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES

In no event shall we (together with our Affiliates, including our and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors) be liable for any incidental, indirect, special, punitive, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, goodwill, profits or other business or financial benefit) arising out of or in connection with the Services (and any of their content and functionality), any performance or non-performance of the Services, your GFST, Dashboard or any other product, service or other item provided by or on behalf of us, whether under contract, tort (including negligence), civil liability, statute, strict liability or under any other theory of liability, and whether or not we have been advised of, knew of or should have known of the possibility of such damages and notwithstanding any failure of the essential purpose of these Terms of Use or any limited remedy hereunder

GOVERNING LAW

The interpretation and enforcement of these Terms of Use, and any dispute related to these Terms of Use or the Services, will be governed by and construed and enforced in accordance with the laws of the British Virgin Islands, as applicable, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. You agree that we may initiate a proceeding related to the enforcement or validity of our intellectual property rights in any court having jurisdiction and you waive any objection to venue in any such court.

MISCELLANEOUS

Remedies - Any right or remedy of we set forth in these Terms of Use is in addition to, and not in lieu of, any other right or remedy whether described in these Terms of Use, and terms incorporated by reference herein, under Applicable Law, at law or in equity.

Affiliates and Contractors - The Services may be operated or provided by us, our Affiliates, or our Affiliates’ respective subcontractors. To the extent that one of our Affiliates or subcontractors, is operating or providing any Services, the Affiliate or subcontractor’s provision of such Services will be under terms identical to these Terms, substituting the Affiliate or subcontractor’s name wherever we are referenced in these Terms of Use.

Non-waiver - Our failure or delay in exercising any right, power, or privilege shall not operate as a waiver thereof.

Severability - The invalidity or unenforceability of any of these Terms of Use shall not affect the validity or enforceability of any other of these Terms of Use, all of which shall remain in full force and effect.

Force Majeure - We will have no responsibility or liability for any failure or delay in performance of the Services, or any loss or damage that you may incur, due to any circumstance or event beyond our control, including without limitation any flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications, power failure, or equipment or software malfunction.

Assignment - You may not assign or transfer any right to use your Account or the Services, or any of your rights or obligations under these Terms of Use, without our prior written consent, including by operation of law or in connection with any change of control. We may assign or transfer any or all of our rights or obligations under these Terms of Use, in whole or in part, without notice or obtaining your consent or approval.

Restrictions - We may, at any time and in our sole discretion, restrict your access to, or otherwise impose conditions or restrictions upon your use of the Services without prior notice. For example, we may restrict access to or certain transaction requests from certain locations if we have a reasonable suspicion of fraud, diminished capacity, inappropriate activity or a dispute in connection with your Account.

No Broker, Legal or Fiduciary Relationships – we are not a provider of a broker, legal, intermediary, agent, or advisory services and has no fiduciary relationship or obligation to you regarding any of your decisions or activities that you affect when using the Services. Neither our communications nor any information that we provide to you is intended as, or shall be considered or construed as an advice.

Headings - Headings of sections are for convenience only and shall not be used to limit or construe such sections. 13.10 Entire Agreement - These Terms contain the entire agreement, and supersede all prior and contemporaneous understandings between the parties regarding the Services.