MasChain

TERMS & CONDITIONS

Terms and conditions stipulated herein constitute a legally binding agreement made between you, whether
personally or on behalf of an entity (“User”) and Masverse Technologies Sdn Bhd (“Company” or
“Masverse”), concerning your access to and use of this website as well as any other media form, media
channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively,
the “Platform”), for Maschain BaaS (Blockchain as a Service)(“Services”), you unconditionally: -

(a) acknowledge that you have read and fully understood these terms and conditions and agree to be

bound by these terms and conditions;

(b) consent to Company using and processing your personal information and data in accordance with
Company’s Privacy Policy.

Any person that you allow to access the service using your account shall also be bound by these terms and
conditions. If you do not agree with all of these terms and conditions, then you are expressly prohibited
from using the Platform and you must discontinue use immediately.

The User has agreed as follows:-

1. Terms and Conditions

1.1 This Terms & Conditions applies to User’s use of the digital content available through the Platform,

regardless of whether accessed via computer, mobile device or otherwise. To use the digital
content available through the Platform, User will need a device that meets the system and
compatibility requirements for the relevant products and Services, which may change from time to
time, and such system requirements are upon User’s responsibility.

1.2 Company reserves the right to amend these terms and conditions at any time and it is User’s
responsibility to review these terms and conditions on each occasion of usage of the Platform. User
may terminate this Terms & Conditions by written notice to Company (by email to
[email protected] if User do not wish to be bound by such new terms and conditions.
However, continued use of the service or the Platform will be deemed to constitute acceptance of
the new terms and conditions.

1.3 User does not have the right to interfere in the Platform security provision or, in any other similar
way, to use the Platform or other system resources, networks and Services accessible through or
connected to the Platform in a corrupt manner. The User agrees to use the Platform entirely within
the lawful and intended limits.

1.4 Charges: Prices as indicated are in Malaysian Ringgit.

Currently, there are two types of fees;-
(a) license fees; and
(b) Pay-Per-Use fees.

License fee is a fixed monthly charge that occurs regardless of any usage. It does not depend on
the amount of bandwidth or storage utilization. Each different Services will have its respective
licensing fees. Any customization fees may vary.

Pay-per-usage fees are fees that are charged based on total usage of bandwidth from the Company.
The fees will be a fixed amount approach and not based on percentage. But the Company needs
to pass through our KYB process and bind their credit cards in order to subscribe to our Services.

At the end of the month, we will consolidate all usage from the Company and charge to the credit
card. All services rendered are non-refundable.

All subscriptions monthly, quarterly and yearly renew automatically on their due renewal date
according to date of purchase until officially cancelled in writing. You may cancel anytime by
emailing a notice to: [email protected]

You will receive an email from Masverse. confirming that your subscription to the Service has been
cancelled.

Important: No refunds or credits for partial months of service will be refunded to you upon
cancellation.

The chosen method of billing will automatically be charged the new subscription rate on the next
billing cycle.

1.5 Cancellation and Refund Policy

We follow a reliable refund policy to ensure your safety in association with us.

If you wish to cancel your account, notify us at least 15 days before end of your term (via an email
to [email protected]).

If you stop using our Services in between the term, we will not refund you the fees paid by you for
the remaining term.

We reserve the right to modify or terminate the Service(s) for any reason, without notice at any
time.

Fraud: Without limiting any other remedies, Masverse may suspend or terminate your account if
we suspect that you (by conviction, settlement, insurance or investigation, or otherwise, forcefully
removed our branding) have engaged in fraudulent activity in connection with the Services offered
by us.

Note: No refunds are offered, even if a plan is cancelled mid-month.

2. Intellectual property

2.1. The Platform includes all materials that are included in or are otherwise a part of the Platform

(including past, present and future versions of the Platform), including, without limitation: graphics;
layout; text; instructions; images; trademarks; logos; service marks; audio; videos; designs;
ringtones; wallpapers; games; contests and sweepstakes; voting; technology; applications; artwork;
information; data; designs; compilation; advertising copy; domain names; any and all copyrightable
material (including source and object code); the “look and feel” of the Platform; the compilation,
assembly and arrangement of the materials of the Platform; and all other materials related to the
Platform (collectively, “Materials”). The Platform is the property of Company and its
shareholders/owners, and are protected by legal and subordinate acts relating to intellectual
property including but not limited to copyright laws and other similar laws.

2.2 When the User uses the Platform, he/she must:-

(a) keep intact all copyright, trademark and other proprietary notices;

(b) make no modifications to the Platform or Materials; and

(c) not copy or adapt any object code associated with the Platform, reverse engineer, modify
or attempt to discover any source code associated with the Platform (nor allow or assist
any third-party to do so).

2.3 User agrees that he/she will not sell, resell, copy, transfer, reverse engineer, disassemble,

decompile, create derivative works of, or allow third-party access to the Platform; will not use, post,
transmit, or introduce any device, software, or routine which interferes or attempts to interfere with
the operation of the Platform; will not take any action that imposes an unreasonable or
disproportionately large load on the infrastructure of the Platform. User will use the Platform solely
for his/her own personal use and will not make the Platform available to any third-party for any
reason. User further agrees that he/she will not, including by use of any robot, scraper, or other
data mining technology or process, frame, mask, extract data or other materials from, copy or
distribute any portion of the Platform (except as may be a result of standard search engine or
Internet browser usage).

2.4 In the event of absence of a separate written Terms & Conditions with Company, unconditioned

use of the files offered at the Platform without written permission of Company is prohibited.

3. Confidentiality

The User shall keep the personal information, password and PIN for his/her account confidential at
all times and shall take all steps to prevent the disclosure of his/her password and PIN.

4. Contact

For any questions or feedback, please contact Company using the contact information below.

Contact information:

Email: [email protected]
Office number: +6017-487 1961 (SJ KOAY)

5. Access passwords

5.1 The User confirms his/her consent that the process of user identification is performed with the
purpose of granting him/her access to his/her user profiles and governing access to Platform
content. The username (login) and password chosen by the User is confidential information. The
User realizes the necessity of non-disclosure of this information and promises to keep in secret and
not uncover, pass, or offer personal access data to a third party without clear written permission
from Company.

5.2 The User confirms his/her consent that he/she, as an owner of the access login and password,
bears responsibility for each access to the Platform content using the chosen login and password.
Also, the User is informed and agrees that Company automatically accepts and recognizes his/her
login and password as evidence and clear proof of the fact that it was the User who gained access
to the Platform content. The User realizes that the login and password are unique symbols, even
though the Company does not impose specific requirements as to their contents and quality.

6. Platform behavior rules

6.1 The User confirms that he/she does not intend to use files of the Platform for unlawful or otherwise

unauthorized purposes. Thus, the User agrees to avoid using any files obtained from the Platform
in an inappropriate manner including, but not limited to:-

(a) Abusing, threatening, hunting down, or violating the data protection rights of third persons

or other users of the Platform;

(b) Harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based
on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability;

in the distribution of files or parts of program code that include, contain or consist of parts
of software or other files under the protection of intellectual property or copyright laws and
any affiliated protections (including the right of confidentiality), excluding cases where the
User owns or controls such rights or has necessary permissions;

(d) Passing, resending, uploading or in any other way distributing, cooperating or taking part

in the distribution of files or parts of program code containing harmful software (such as
viruses) that may result in the disruption or total failure of the correct operation of software
or hardware in other computers;

(e) Deleting, clearing, cutting or in any other way concealing any author attributions, labels,

identifications, or legal notices in any files uploaded or downloaded by the User;

(f) Falsifying or imitating data concerning an original source of any files offered at the Platform;

(g) Using any Platform options including but not limited to mailing to other members of the

Platform for advertising purposes, to distribute referral links, promote files, goods, Services
or activities, whether or not connected to the Platform;

(h) To collect or track the personal information of others; and

(i) Using any kind of information received from the Platform or with the help of the Platform for

creation of software, resources or programs being in direct or indirect competition to
Company’s activities.

6.2 The User agrees to refrain from using the Platform in such a way that could result in its damage,

operational trouble, or other negative outcome for other Platform users. Also, the User agrees not
to interfere with or access without authorization other Company’s user records. The User agrees
to access Platform files in accordance with Platform rules and procedures.

6.3 In addition, the rights granted to your herein are also subject to the following restrictions:-

(a) You shall not license, sell, rent, lease, transfer, assign, distribute, host, or otherwise
commercially exploit the Platform;

(b) You shall not modify, make derivative works of, disassemble, reverse compile or reverse
engineer any part of the Platform; and

except as expressly stated herein, no part of the Platform may be copied, reproduced,
distributed, republished, downloaded, displayed, posted or transmitted in any form or by
any means.

7. Term, grounds and principles of termination

7.1 This Terms & Conditions is effective until it’s terminated. For such purpose at any time the User

should send a message using the Platform’s contact form or by any other written form appropriate

on behalf for him/her, which identifies the User and confirms the User’s intention to notify Company
regarding the desire to terminate this Terms & Conditions. The Company reserves the right at its
discretion to suspend, terminate or restrict the User’s right to access to all or some content and
resources of the Platform at any time, for any reason and without proofs or prior notices.

7.2 The Company has the ability and right to suspend, terminate or change any part of the Platform in

the whole, its functions, resources or databases without prior notification or additional liabilities.

7.3 The Company also retains the right to suspend or fully terminate access of the User to the Platform
files in case of absence of activity from the User over an extended period of time, which may be
interpreted as the User’s inability to gain access to the Platform files.

7.4 Termination of this Terms & Conditions does not indicate automatic exemption of liability and
obligation of reimbursement of debts to Company in accordance with the provisions of these Terms
& Conditions or other liabilities of the User.

7.5 Upon termination of the User profile and his/her access to the Platform files, the User confirms
his/her consent to be forfeited all credits remaining in his/her account.

8. Platform updates

8.1 The Company regularly updates technical, content and other information on the Platform.

Nevertheless, the Company makes no claim guaranteeing the completeness, accuracy and
compliance of the information given at the Platform. Company can add, review or delete
information, resources and Services posted on the Platform. Also, the Company reserves the right
to make changes to the Platform without prior notification.

9. Platform management

9.1 The Company does not control all uploads and information exchanges performed throughout the

Platform and is not responsible for such exchange and communication. Nevertheless, Company
has the right to move, delete, and refuse to publish, or edit any text message or files which
Company may regard as violating or presumably violating this Terms & Conditions, the rights for
private or intellectual property, or similar rights of third parties. The contributor agrees to the
expropriation of any commissions paid for the respective files.

9.2 The Company has the right but not the obligation to correct mistakes in the files at its own
convenience.

9.3 By accepting this Terms & Conditions, the User acknowledges his/her consent to receive an
electronic newsletter and notifications from Company. The User can always access his/her account
to change whether to enable or disable notifications.

10. Links to other sites

10.1 There may be links to third-party sites on the Platform. Such links are given solely for the User’s

convenience. Their presence does not mean that they are recommended or endorsed by the
Company. Also, the Company shall not bear any liability in case of any damages or losses, direct
or implicit, due to a visitation originating from Company or to the use of Services available from
third-party sites.

11. Software and computer viruses

11.1 At times, Platform failures may happen due to internet connection, software operation, data
transmission, etc., and it is possible that incorrect or incomplete copy of the information contained
at the Platform pages may occur. Similarly, the Platform pages may contain malicious code or
programs infected with computer viruses.

11.2 The Company is not responsible and bears no liabilities connected to the work of any software, the

presence of any computer viruses or other elements with malicious code, the presence of
destructive or unsafe files that can be distributed or otherwise affect software and hardware upon
the User’s review of the Platform, the access to any information on the Platform, or the downloading
of any files from the Platform. The Company strongly encourages the use of anti-virus software or
other protective programs during interaction with all web sites.

12. Disclaimer

12.1 The Platform, Platform content and Services are provided as is, without representation, warranty,
guarantee or condition of any kind, either express, implied, statutory, or otherwise. Users always
use the Platform, Platform content and Services at their own risk.

12.2 The Company hereby expressly disclaims any and all representations, warranties, guarantees and
conditions of any kind, whether express or implied, to each and any platform content and service
made available at any time, including, but not limited to implied representations, warranties or
conditions of merchantability, fitness for a particular purpose, non-infringement, accuracy,
timeliness, completeness, compatibility, currentness, integration, security, privacy, title, usefulness,
suitability, quality, simple usage and any other warranty that might arise under any applicable law.
Company makes no commitments about the Platform, Platform content and Services.

12.3 Moreover, Company further disclaims any representations, warranties, guarantees and conditions
that:-

(a) access to the Platform, Platform content and Services will be uninterrupted and error-free at

all times;

(b) Platform, Platform content and Services will meet User’s expectations, will be satisfactory to

User’s needs and requirements or will be uninterrupted and error-free;

(c) results that may be obtained from the use of the Platform, Platform content and Services will

be effective or reliable;

(d) any errors or defects in Platform, Platform content and Services will be corrected by

Company;

(e) Platform, Platform content and Services will be permitted in any jurisdiction;

(f) Platform, Platform content and Services will be free of viruses, similar contamination or

destructive features and/or any other harmful components;

(g) Platform, Platform content and Services will be interoperable with user’s hardware and

software;

(h) any documents regarding Platform, Platform content and Services will be available at any

time; or

(i) Company will continue to support any service or feature of the Platform and Platform content.

13. Liability limitation

13.1 The User confirms that he/she understands and takes responsibility and assumes all risk resulting

from the use of the Platform without limitations.

13.2 If effective laws and normal acts do not allow exclusion of liability and limitations to the full extent
for indirect or casual damages, all above-stated limitations and exclusions shall not be applied to
the User. In case of a situation falling under such jurisdiction, the liability of Company or any of its
employees, directors, shareholders, license holders or agents shall be limited to the maximum
value permitted by the law.

14. Indemnification

14.1 Consenting to the terms of this Terms & Conditions, the User agrees to indemnify, defend and hold

Company, its affiliates, its content contributors and their respective directors, officers, employees,
shareholders and agents (collectively, the “Company parties”) harmless from and against all
claims, liability, losses, damages, costs and expenses (including reasonable legal fees) incurred
by any Company parties as a result of, or in connection with, any breach or alleged breach by the
User or anyone acting on the User’s behalf of any of the terms of this Terms & Conditions.

14.2 The User agrees to pay and indemnify, protect and also take the side of Company parties against
any claims, responsibilities, losses and expenses (including lawyers’ fees on a client basis and
solicitor), incurred in the following cases:-

(a) Purposeful or casual usage of the Platform and/or its files made with the User login,

regardless of whoever entered the authorization;

(b) Any correspondence made by the User or the downloading of any files made with the help

of the User login; or

(c) Any violation by the User of the terms and provisions of this Terms & Conditions.

15. Applicable law

15.1 The validity, interpretation and enforcement of this Terms & Conditions, matters arising out of or

related to performance or breach of this Terms & Conditions, and related matters shall be governed
by the laws of Malaysia. Any legal action or proceeding concerning the validity, interpretation and
enforcement of this Terms & Conditions, matters arising out of or related to performance or breach
of this Terms & Conditions, and related matters, shall be brought exclusively in the courts of
Malaysia. All parties consent to the exclusive jurisdiction of those courts, waiving any objection to
the propriety or convenience of such venues.

15.2 The User agrees to refrain from taking part in or organizing any collective claim against Company
in connection with the Platform work, provisions of this Terms & Conditions or any Terms &
Conditions considered herein.

15.3 If the Company is obligated to go to non-arbitration court for collection of any payable fees or
enforcement of its rights, the User agrees to reimburse the Company for all expenses, payments,
and fees in the event that Company is successful.

16. Age and responsibility

16.1 Platform, Platform content and Services are neither intended to be used by minors and persons

underage of eighteen (18), nor designed and intended to willfully and knowingly collect, use, or
disclose any personal information from minors and persons underage of eighteen (18). The
Company will immediately remove personal information from children and/or search to obtain a
verifiable parental consent for the collection use, or disclosure of personal information from
children, once it will come to Company’s attention that any personal information from children was
submitted or collected through the Platform.

16.2 The User confirms and warrants that he/she has reached the age of eighteen (18) and is bound by
legal obligations sufficient for any liability that can appear because of usage of the Platform files.
The User agrees to bear full responsibility for all cases of the Platform usage without distinction, as
well as for use of his/her login and password by third parties including minors and persons underage
of eighteen (18).

17. General provisions

17.1 The Company’s failure to insist upon or enforce strict performance of any provision of this Terms &

Conditions shall not be construed as a waiver of any provision or right. If any provision of this Terms
& Conditions cannot be fulfilled completely or partially at the territory of a certain country, the parties
agree to settle all such matters by judicial process. In this case the court may select the closest
statutory provisions, according to which the provision of the Terms & Conditions can be fulfilled
partially or in full.

17.2 The User confirms that, in addition to the terms of this Terms & Conditions, he/she has familiarized
himself/herself with the other Terms & Conditions that are referenced in this Terms & Conditions
and agrees with the restrictions which they impose.

17.3 Absence of a result of actions performed by Company for organization or control of accurate
implementation of the provisions of this or affiliated Terms & Conditions shall not and cannot be
construed as waiver of any rights or remedies.

17.4 The User shall not be allowed to assign this Terms & Conditions and/or transfer User’s rights and
obligations under this Terms & Conditions fully or partly to any third parties. Company shall be free
to assign this Terms & Conditions and/or transfer User’s rights and obligations under this Terms &
Conditions fully or partly to any third parties upon Company sole and absolute discretion.