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The INK Loyalty Rewards Programme

Terms and Conditions

Questions? Please email us at LRP@NotaryTRADE.IO

IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT PARTICIPATE IN THE INK LOYALTY REWARDS PROGRAMME.

You are advised to frequently check these terms for updates.

Last Updated: June 01, 2018

Preamble

This INK Loyalty Rewards Programme (“LRP”) is part of NotaryTRADE. NotaryTRADE forms a business blockchain infrastructure that is designed to run on a semi-automated server Blockchain which is entirely owned by its clients and orchestrated by a cooperative of its users. NotaryTRADE is based on Free Software / Open Source Software as recognised by the Free Software Foundation (FSF) and Open Source Initiative (OSI). The NotarySERVER software may also contain third-party components under compatible licensing.

The Notary Trade Cooperative (in founding) (hereinafter: “Cooperative”) will be a Swiss registered cooperative for all participants in the NotaryTRADE ecosystem, including users, institutions, lawyers, notaries and anyone else with a need for hyperscale blockchain capacity with built-in KYC & AML requirements, privacy protection, legally and technically guaranteed decentralisation, neutrality and security. As soon as the Cooperative has been successfully founded, the statute of the Cooperative will be made available to the public on www.NotaryTRADE.IO. As in particular already required by Swiss law, the Cooperative shall give itself a democratic structure safeguarding the interests of all engaged parties and transparency obligations as well as effective co-determination rights.

This Cooperative will manage this LRP through which INK, a token for usage of capacity and services, is being issued (hereinafter: “INK”).

Please note that LRP and the underlying system of NotaryTRADE is currently under development, therefore this LRP may be subject to necessary revisions which will be published on the NotaryTRADE.IO website. By participating in LRP and/or NotaryTRADE, you agree to all current terms and use LRP and NotaryTRADE at your own risk (see Exhibit).

1. General

LRP rewards the loyalty of NotarySERVER purchasers (in the following also referenced as “Owner” or “Owners“) who add NotarySERVERS (in the following also referenced as “Server” or “Servers”) to NotaryTRADE in order to provide storage and transaction capacity. Only Servers that have been purchased from an vendor authorized by the Cooperative (“Vendor”) and that meet NotaryTRADE’s technical specifications for secure hard- and software are eligible to be added to NotaryTRADE under these terms.

Participation in LRP carries no rights, express or implied, other than the right to use INK as a means to obtain services, and to enable usage of and interaction with NotaryTRADE, if successfully completed and deployed. In particular, you understand and accept that LRP does not represent or confer any ownership right or stake, share or security or equivalent rights, intellectual property rights or any right to receive future revenue shares other than service fees as determined by the Cooperative. INK is not intended to be a security, commodity or any other kind of financial instrument.

To protect the interest of all Owners, each Owner may apply as a member of the Cooperative, as further outlined in the statues of the Cooperative.

LRP offers potential Owners the opportunity to initially receive 1INK per reservation of a NotarySERVER. There may be additional INK bonus coins offered if Owners reserve a NotarySERVER (“Additional Bonus INK”) at a Vendor during LRP’s Server Pre-Reservation (“Pre-Reservation”) or Capacity Generating Event (“CGE”). The applicable Additional Bonus INK is shown on the NotaryTRADE.IO website at the time an Owner makes a reservation for a NotarySERVER. Only the INK bonus shown on the receipt from a Vendor serves as proof for the INK bonus to be credited to an Owner’s INK account.

In addition to any INK that may be issued when an Owner makes a payment for a reservation fee for a NotarySERVER, Owners also receive 7.5 INK once they have purchased a NotarySERVER from a Vendor and added it to NotaryTRADE. Future INK loyalty rewards for NotarySERVER purchases from a Vendor are determined by the Cooperative and can increase or decrease depending on the type and cost of a NotarySERVER.

LRP operates through the semi-autonomous smart contract Blockchain system of NotaryTRADE. This means no entity, person or authority can change the smart contract functionality of NotaryTRADE system except for INK holders who can assign partial control over their INK accounts to an attorney from their chosen Law or Notary office (“LNO”).

All NotarySERVERS are hosted at various secure data centers, with different controlling entities, as selected by the Cooperative. Your relationship as Owner of a NotarySERVER and these data centers will be governed by contracts between you and the controlling entities of these data centers, as pre-negotiated by the Cooperative, but subject to your assessment and approval. Owners may remove their NotarySERVER from the network and the chosen data center with a 90-day advance notice and request delivery of their server at their expense, including expenses for deinstallation. As soon as their NotarySERVER is no longer a participating Server in the network, Owners will also no longer be entitled to receive any fees from this concerned NotarySERVER and they must return all INK that have been issued for this NotarySERVER purchase to the Cooperative.

Owners authorise NotaryTRADE to automatically make all payments for maintenance and hosting and to deduct the following percentages from the transaction fees an Owner generates with their Server, as defined by the Cooperative from time to time. For example such a deduction formula might be phrased as follows:

Number of NotarySERVERS: Share of transaction fee deducted for Hosting and Maintenance per Owner

0-1 servers: 40% deduction + 15% server replacement deduction*

2-4 servers: 35% deduction + 15% server replacement deduction*

5-10 servers: 30% deduction + 15% server replacement deduction*

over 10 servers: 25% deduction + 15% server replacement deduction*

All percentages above calculated of the transaction fee.

* NotaryTRADE automatically pays for necessary NotarySERVER replacements and therefore makes a server replacement deduction from the fees each NotarySERVER generates. Owners can request their replaced NotarySERVERS to be uninstalled and delivered to them at their expense, with a 90-day advance notice required. NotaryTRADE will notify an Owner directly or via its appointed LNO before their NotarySERVER is replaced. All communication regarding NotarySERVER administration and replacements can be sent to NotarySERVER@NotaryTRADE.IO.

2. Acknowledgment and Assumption of Risks

You acknowledge and agree that there are risks associated with the use and holding of INK in connection with NotaryTRADE. If you have any questions regarding these risks, please contact the Cooperative at RISKS@NotaryTRADE.IO. BY PARTICIPATING IN LRP AND BY USING INK, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME THESE RISKS. Please refer to section 8 and the Exhibit for a detailed list of risks.

3. Security

You are responsible for implementing reasonable measures for securing your private key(s) or other credentials necessary to access your NotaryTRADE and INK account, with or without the assistance of a participating Law or Notary office. In due time detailed instructions will be published on www.NotaryTRADE.IO and may be sent to your provided email address or appointed LNO.

4. Participation in the INK Loyalty Programme

4.1 Appointment of a participating Law or Notary Office

Prerequisite for participation in the LRP and becoming an Owner are full KYC-requirements and Anti-Money Laundering (“AML”) compliance as required by the Cooperative.

In particular it may be made available to appoint an attorney as accredited by the Cooperative at an Law or Notary Office (“LNO”). Potential participants shall be able to appoint any authorised LNO in countries approved by the Cooperative throughout the world. Attorneys of those LNOs must agree to protect their clients’ rights and interests to the fullest extent of the law. For example, your chosen attorney must agree to verify requests for information from any government agency to determine whether they meet all legal requirements and, if required by law, demand a court order prior to releasing any personal information about you. At the request of a client, an attorney may also be able to contest a court order or take other measures to protect the identity and privacy of a client. Some countries prohibit LNOs to notify their clients about information requests from government agencies. In those cases clients may request a daily notification that no information request has been received. This procedure is intended to assist clients in protecting their rights and implementation is at the discretion of each LNO. You are responsible for payment of all LNO fees and for making a retainer payment to the LNO before any services are rendered. LNOs may accept INK or Fiat at their discretion. If an LNO does not accept INK, you may notify the Cooperative by sending an email to Contact@NotaryTRADE.IO.

In case the chosen LNO is not a participating member of the Cooperative yet, the appointed LNO may request approval of the Cooperative to become an authorised LNO. Any respective application may be emailed to the Cooperative through Notary@NotaryTRADE.IO. Without an respective approval of the Cooperative, an attorney or notary cannot serve NotaryTRADE clients or offer any NotaryTRADE registration and private key recovery services. The Cooperative shall strive to answer all applications for participation in a timely manner.

4.2 Commencement and Termination of Participation

LRP and INK on NotaryTRADE will be available as soon as the system is fully developed and functional as part of the semi-autonomous system of NotaryTRADE. There are no guarantees that the system will work as planned or be completed until a certain date.

You may end your participation with this LRP anytime with a 3 month cancellation period at the end of each calender month. If you want to end your participation in this way, you may send an email to EndParticipation@NotaryTRADE.IO, and you will receive a confirmation by the Cooperative. After an effective termination you will no longer be entitled to any of the benefits of LRP and your accrued INK (if any) will be redistributed to the Cooperative without any compensation whatsoever.

However, even after an effective termination of this LRP, your ownership of a purchased NotarySERVER remains unaffected. As an owner of your NotarySERVER you may contact the chosen data center anytime with a 90-day advance notice and request delivery of your server at your expense, including expenses for deinstallation.

5. INK

5.1 Allocation of INK

INK are created for an Owner upon reservation and upon purchase of a NotarySERVER. With the exception of 1 INK and the Additional Bonus INK  issued for reservations during Pre-Reservation and CGE, INK is capacity-backed by all NotarySERVERS. After the CGE 7.5 INK for each NotarySERVER purchase will only be issued if a client makes both the reservation and the remaining payment for a NotarySERVER.

INK holders agree that for computation purposes, NotaryTRADE will distribute the fees generated on all NotarySERVERS based on the INK each client holds and according to distribution key as determined by the Cooperative. For example, if all NotarySERVERS generates a total 100,000 INK in fees in any given period and there are 1,000 server owners who hold 10 INK each, the fees forwarded to each client is 10 INK minus any deductions for hosting, maintenance and server replacement cost as determined by the Cooperative.

5.2 Use of INK

Once fully operational, NotaryTRADE is designed so INK can be used for transactions, for example, to send INK to anyone by email. Owners may also be able to use INK for services offered via NotaryTRADE and legal services at participating LNOs. NotaryTRADE is designed to let Owners trade INK on the network through a Peer-to-Peer (“P2P”) exchange without a middleman. Availability of cryptocurrency or Fiat in exchange for INK depends on the availability of currency holders who are willing to sell their currencies in exchange for INK. There is no guarantee that an INK holder can trade INK at a certain price or that it will be possible to exchange INK. Even if other currency holders are willing to trade their currency against INK, availability of such services is not guaranteed and depends on the adoption and the successful deployment of NotaryTRADE.

6. Access to the INK Account

6.1 General

The only way to make any transfers at the expense of your INK account is through the use of a unique cryptographic key (“Private Key”). This Private Key is handed exclusively to INK account holders and should be kept confidential by all means. Please note anyone in possession of this Private Key will be able to transfer any amount of INK a INK holder may have acquired unless attorney or notary co-signature or other protective measures of NotaryTRADE have been activated, by the account holder.

The semi-autonomous system NotaryTRADE offers the technical possibility for the chosen individual Lawyer or Notary to create a new valid Private Key for a registered INK client. On the other hand, NotaryTRADE provides technical safeguards that no other party except the chosen Lawyer or Notary of trust will be able to create a valid Private Key for an INK account. Clients may choose additional available authentication methods, subject to technical feasibility ranging from fingerprints to optional IRIS scan and even DNA verification, if requested, which may also be available for a client’s chosen representatives and successors. Note that this authentication data will only be used to authenticate the client in addition to a government-issued ID but the key creation is always random and unrelated to any biometric data that could be forged. However, the authentication assures that the LON can positively identify the client even if the chosen attorney or notary is not present. Therefore, in contrast to other cryptocurrencies, INK shall offer a comprehensive solution against loss or theft of Private Keys, without compromising the security of the NotaryTRADE system.

6.2. Account Balance

Once the system is live, NotarySERVER owners will be able to check the current balance of their INK through their personal online account.

7. Taxes

INK is comparable to loyalty and rewards programs from hotels, airlines and other companies. Local tax authorities may consider INK assets and levy capital gains and other taxes. The Cooperative plans to deploy a program that will allow you to track capital gains to assist you with your tax reporting requirements. It is planned, that NotaryTRADE shall allow you to designate INK for tax contributions if tax authorities choose to accept INK in future. You are responsible for reporting your INK balance in accordance with tax filing requirements in your country of residence and/or citizenship.

If you would like to seek legal advice in your country of residence, you may use any lawyer and tax consultant of your choice. For your convenience you may also use the attorney contact service of the Cooperative by sending an email to Attorney@NotaryTrade.IO.

8. Your Representations and Warranties

By participating in LRP or by using INK, you represent and warrant that:

8.1. You have read and understand all terms of this LRP (including all Exhibits);

8.2. You have a sufficient understanding of the functionality, usage, storage, transmission mechanisms and other material characteristics of cryptographic coins like Bitcoin and other cryptocurrencies, token storage mechanisms (such as token wallets), blockchain technology and blockchain-based software systems to understand this LRP and the risks and implications of participating in LRP and using INK (also see Exhibit);

8.3. You have carefully reviewed the contents of the entire website of NotaryTRADE.IO and fully understand and accept the functions of LRP and INK;

8.4. You have obtained sufficient information about LRP and INK to make an informed decision to use both. 

8.5. You understand the restrictions and risks associated with the creation and use of LRP, INK and NotaryTRADE as set forth herein, and acknowledge and assume all such risks (see Exhibit).

8.6. You understand, acknowledge and assume the risks associated with the holding and use of INK in connection with NotaryTRADE (see Exhibit). 

8.7. You understand that INK confers only the right to receive services and to access NotaryTRADE, and confer no other rights of any form with respect to the Cooperative or any any company, consortium or LNO involved in LRP and or NotaryTRADE, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights;

8.8. You are using LRP and INK solely for the purpose of exchanging services, accessing NotaryTRADE, and supporting the development, testing, deployment and operation of NotaryTRADE, being aware of the risks associated with NotaryTRADE (see Exhibit). You are not using LRP or INK for any other purposes, including, but not limited to, any investment, speculative or other financial purposes;

8.9. Your use of LRP and INK complies with applicable law and regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other applicable legal requirements in your jurisdiction for using LRP and INK, (ii) any foreign exchange or regulatory restrictions applicable to such use, and (iii) any governmental or other consents that may need to be obtained;

8.10. You will comply with any applicable tax obligations in your jurisdiction arising from your use of LRP and INK;

8.11. If you are using LRP or INK on behalf of any entity, you are authorised to accept all terms of this LRP on such entity’s behalf and that such entity will be responsible for breach of this LRP by you or any other employee or agent of such entity (references to “you” in this LRP refer to you and such entity, jointly);

8.12. You are not (i) a citizen or resident of a geographic area in which access to or use of NotaryTRADE and LRP is prohibited by applicable law, decree, regulation, treaty, or administrative act, or (ii) a citizen or resident of, or located in, a geographic area that is subject to international sovereign country sanctions or embargoes. You agree that if your country of residence or other circumstances change such that the above representations are no longer accurate, that you will immediately cease using LRP or INK.  If you are registering to use NotaryTRADE and LRP on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organised and validly existing under the applicable laws of the jurisdiction of its organization, and (ii) you are duly authorised by such legal entity to act on its behalf; and

8.13. You understand and acknowledge that title to and risk of loss of INK you use passes  to you in Switzerland (see Exhibit).

9. Indemnification

9.1. To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Cooperative and its respective past, present and future employees, officers, directors, contractors, consultants, suppliers, vendors, service providers, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your use of LRP or INK, (ii) your responsibilities or obligations under these terms, (iii) your violation of these terms, or (iv) your violation of any rights of any other person or entity.

9.2. The Cooperative reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under Section 9.1. This indemnity is in addition to, and not in lieu of, any other indemnities set forth between you and the Cooperative.

10. Disclaimer of Warranty

Except as expressly required by law without the possibility of contractual waiver, (A) NotaryTRADE, LRP AND INK IS AVAILABLE ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND. ALL IMPLIED WARRANTIES AS TO NotaryTRADE LRP OR INK ARE EXPRESSLY DISCLAIMED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT; (B) NOBODY REPRESENTS OR WARRANTS THAT NotaryTRADE, LRP AND INK IS RELIABLE, CURRENT OR ERROR-FREE,  MEETS YOUR REQUIREMENTS, OR THAT DEFECTS IN NOTARYTRADE, LRP OR INK WILL BE CORRECTED; AND (C) NOBODY REPRESENTS OR WARRANTS THAT NotaryTRADE, LRP OR INK OR THE DELIVERY MECHANISM FOR INK ARE FREE OF ERRORS.

11. Legality and Regulatory Requirements

The semi-autonomous system NotaryTRADE has been designed to be in compliance with applicable laws and regulations. However, no government body has yet explicitly approved the methods and technologies used by NotaryTRADE. Therefore, you are strongly advised to seek legal advice in your country of residence and citizenship. You may use any lawyer to determine the legality. If you prefer, you may also use NotaryTRADE’s attorney contact service by sending an email to Attorney@NotaryTrade.IO.

12. Limitation of Liability

Liability of the Cooperative, Vendor, LNO and other involved parties shall be subject to the individual contractual relationships concluded between these parties and the Owner or INK holder.

Regardless of the basis on which Owner or INK holder is entitled to claim damages from the Cooperative or other involved parties as expressly required by law without the possibility of contractual waiver, Cooperative, Vendor, LNO and other involved parties entire liability for all claims arising from or related to the software or service or otherwise arising under this LRP shall be excluded. This limitation also applies to any of Cooperative, Vendor, LNO and other involved parties subcontractors or other auxiliary persons and to any works performed by such subcontractors or other auxiliary persons. Limitations set forth in this section 12 will not limit or exclude liability for gross negligence or willful misconduct.

13. Severability

If any term, clause or provision of this LRP is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of this LRP.

14. Data Protection  

Unless explicitly provided by you, NotaryTRADE does not store any personally identifiable information about individual Owners.

If you order a NotarySERVER, the Vendor may store information about you, including your payment information and any other information you voluntarily provide. This personal data will only be used to fulfill your order. The Vendor for NotarySERVERS will not use your personal data for any other purposes. Even with that information, no NotarySERVERS Vendor is able to connect a NotarySERVER owner with any individual INK account, which is created by the semi-autonomous system of NotaryTRADE through a random Private Key.

Either the Cooperative or the respective chosen LNO knows the identity of individual Owners and INK holders and their respective INK accounts. The LNO of choice must adhere to the rules of NotaryTRADE to keep an Owner’s or INK holder’s identity and account information securely and confidentially on file for the protection of their digital assets. This way, in case a Private Key is stolen or lost, Owners or INK holders may identify themselves with a government ID to their lawyer or notary of choice, in addition to any other chosen authentication methods, and request the issuance of a new Private Key to get access to their INK accounts.

Please note, further data protection terms and contractual requirements may be included in additional contractual terms issued by NotaryTRADE’s Vendor, appointed LNO or other involved parties. In particular please note, additional e-mail and groupware solutions will be offered under additional contractual terms and data protection requirements. In case of general questions or concerns, please contact dataprotection@NotaryTrade.IO.

15. Modifications of these Terms & Conditions

INK Loyalty Programme and the underlying system of NotaryTRADE is currently being developed, therefore these terms and conditions may be subject to reasonable necessary revisions. If changes are made, they will be posted on the website www.NotaryTRADE.IO and update the “Last Updated” date above. The Cooperative may also attempt to notify you, in case you have informed the Cooperative about your contact details and have agreed to be informed in such a way. The amended terms will be effective immediately.

16. No Waiver

The failure to exercise or enforce any right or provision of any of the terms of this LRP will not operate as a waiver of such right or provision. You will not hold anyone liable for any delay or failure to perform any obligation under these terms. Using LRP or INK does not create any form of partnership, joint venture or any other similar relationship between you and the Cooperative. Except as otherwise provided herein, these terms are intended solely for the benefit of you and are not intended to confer other beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications, including these terms, will be provided in electronic form.

17. Governing Law and Venue

This LRP will be governed by and construed and enforced in accordance with the laws of Switzerland, without regard to conflict of law rules that would cause the application of the laws of any other jurisdiction. Any dispute between you and the Cooperative, and any other party involved in the LRP, shall be resolved in the courts of Zurich, Switzerland.

Exhibit

Certain Risks related to the Use of INK

Important Note:  As noted elsewhere in this LRP, INK is not being structured or offered as securities or any other form of investment product. Accordingly, none of the information presented in this Exhibit is intended to form the basis for any investment decision, and no specific recommendations are intended. You expressly assume any and all responsibility for any of your own direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Exhibit, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.

By using LRP or INK, you expressly acknowledge and assume the following risks:

1. Risk of Losing Access to INK Due to Loss of Private Key(s), Custodial Error or User Error

A Private Key, or a combination of Private Keys, is necessary to control and dispose of INK stored in your digital wallet or vault.  Accordingly, loss of requisite Private Key(s) associated with your digital wallet or vault storing INK may result in loss of such INK unless you are properly registered with a participating LNO and you have chosen to activate respective recovery features of NotaryTRADE. Moreover, any third party that gains access to such Private Key(s), including by gaining access to login credentials of a digital wallet or vault service you use, may be able to misappropriate your INK. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store BAT, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your INK. Additionally, your failure to follow precisely the procedures set forth for holding INK, including, for instance, if you provide the wrong address for receiving INK, may result in the loss of your INK.

2. Risks Associated with the Hyperledger

Because INK and NotaryTRADE are based on Hyperledger, any malfunction, breakdown or abandonment of Hyperledger may have a material adverse effect on NotaryTRADE or INK.  Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to INK and NotaryTRADE, including the utility of INK for obtaining Services, by rendering ineffective the cryptographic consensus mechanism that underpins the protocol.

3. Risk of Attacks by forming a majority

As with other decentralized cryptographic tokens, INK are susceptible to attacks in the course of validating INK transactions on the Blockchain, including, but not limited, to double-spend attacks. Any successful attacks present a risk to NotaryTRADE and INK, including, but not limited to, accurate execution and recording of transactions involving INK.

4. Risk of Hacking and Security Weaknesses

Crackers or other malicious groups or organizations may attempt to interfere with NotaryTRADE, LRP or INK in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing.  

5. Risks Associated with Markets for INK

INK are intended to be used on NotaryTRADE. This restricts the contemplated avenues for using INK to obtain Services or to exchange INK and could therefore create illiquidity risk with respect to INK you hold.  Even if secondary trading of INKis facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to market-related risks.  Furthermore, to the extent that third-parties do ascribe an external exchange value to INK (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile and diminish to zero.

6. Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, INK are uninsured unless you specifically obtain private insurance to insure them.  Thus, in the event of loss or loss of utility value, there is no public insurer, or private insurance arranged, to offer recourse to you.

7. Risks Associated with Uncertain Regulations and Enforcement Actions

The regulatory status of LRP, INK 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. 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 NotaryTRADE, LRP and INK. Regulatory actions could negatively impact NotaryTRADE, LRP and INK in various ways, including, for purposes of illustration only, through a determination that LRP or INK are a regulated financial instrument that require registration or licensing.  NotaryTRADE 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.

8. Risks Arising from Taxation

The tax characterization of LRP and INK is uncertain. You must seek your own tax advice in connection with using LRP or holding INK, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.

9. Risk of Alternative Platforms

It is possible that alternative platforms could be established that utilize the same open source code and protocol underlying NotaryTRADE and attempt to facilitate services that are materially similar to the Services. NotaryTRADE may compete with these alternative platforms, which could negatively impact NotaryTRADE and INK, including INK’s utility for obtaining Services.

10. Risk of Insufficient Interest in the NotaryTRADE Platform

It is possible that NotaryTRADE will not be used by a large number of individuals, companies and other entities or that there will be limited public interest in the creation and development of distributed platforms (such as NotaryTRADE) more generally. Such a lack of use or interest could negatively impact the development of NotaryTRADE and the potential utility of LRP and INK, including its utility for obtaining Services.

11. Risks Associated with the Development and Maintenance of NotaryTRADE

NotaryTRADE is still under development and may undergo significant changes over time. Although NotaryTRADE, LRP and INK are intended to follow the specifications set forth in this Exhibit A, and will take reasonable steps toward those ends, there could be changes to the specifications of NotaryTRADE, LRP or INK for any number of legitimate reasons. This could create the risk that LRP, INK or NotaryTRADE, as further developed and maintained, may not meet your expectations. Furthermore, despite good faith efforts to develop and maintain NotaryTRADE, it is still possible that NotaryTRADE will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact NotaryTRADE, LRP and the potential utility of INK, including its utility for obtaining Services.

12. Risk of an Unfavorable Fluctuation of Other Currency Value

The Cooperative intends to use fees to fund the maintenance and development of NotaryTRADE, LRP and INK. These fees will be denominated in multiple currencies, and may, at the discretion of the Cooperative, be converted into other cryptographic and fiat currencies. If the value of certain currencies fluctuates unfavorably, the Cooperative may not be able to fund development, or may not be able to develop or maintain NotaryTRADE in the manner that it intended.

13. Risk of Dissolution of the Cooperative

It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of exchange rates of cryptographic and fiat currencies, decrease in INK’s utility (including its utility for obtaining Services), the failure of commercial relationships, or intellectual property ownership challenges, NotaryTRADE may no longer be viable to operate and the Cooperative may dissolve.

14. Risks Arising from Lack of Governance Rights

Because LRP or INK confer no governance rights of any kind with respect to NotaryTRADE, all decisions involving NotaryTRADE will be made by the Cooperative, in a democratic legitimate manner as further outlined in its statues. Such decisions may include, but are not limited to, decisions to discontinue NotaryTRADE, or to liquidate the Cooperative. These decisions could adversely affect NotaryTRADE, LRP and the utility of INK that you hold, including INK’s utility for obtaining Services.

15. Unanticipated Risks

Cryptographic tokens such as INK are a new and untested technology. In addition to the risks included in this Exhibit, there are other risks associated with your holding and use of INK, including those that the Cooperative cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Exhibit.

16. Risks Associated with Exchange Business Models

NotaryTRADE’s growth and adoption may depend on its ability to maintain and expand its existing relationships with existing partners and its ability to develop new relationships with other partners. As the cryptocurrency market generates and develops new concepts and technology, NotaryTRADE may incur additional costs to implement a more effective platform and may have to adjust to new tracking and unforeseeable technologies that could diminish the effectiveness NotaryTRADE and LRP. Continuing to develop and improve NotaryTRADE to keep up with these changes may require economically not feasible investments. If NotaryTRADE cannot be continued in an economically viable way in light of above mentioned  changes, it  could negatively impact LRP and INK.

Questions? Please email us at LRP@NotaryTRADE.IO

NotaryTRADE.IO has been created by the Vereign AG, Zug on behalf of and in trusteeship for the Notary Trade Cooperative in founding.
© 2017 The Notary Trade Cooperative, Crypto Valley, Switzerland. All rights reserved.
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