15. Legal Details

As used herein, the following capitalized items shall have the meanings set forth below:

  1. “Company” or “ARK business entity” shall mean ARK Ecosystem SCIC, a company registered in France with its principal office of incorporation listed as 1394 Rue du Village, 39750 Villeneuve-sous-Pymont, France.

  2. “Website” shall mean the website of the Company on which the Know Your Customer procedures, GDPR regulations, and multi-jurisdiction compliance has taken place. [http://ARK.io]

  3. “Blockchain” shall mean a digital ledger or database which is chronological, consensus‑based, decentralized and mathematically verified in nature.

  4. “Cryptocurrency” shall mean a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.

  5. "Innovative" shall mean a new or emerging technology, or new uses of existing technology, that provides a product, service, business model or delivery mechanism to the public.

  6. “Passphrase” and “Private Key” shall mean a personalized code which is paired with a public key encrypted with algorithms.

  7. “Services” shall mean any service provided by the Company, including the services available to users created by third parties. “Community Services” and “Delegate Services” denote third party services not affiliated with the Company.

  8. “User” shall mean any acquirer and holder of ARK.

  9. “Virtual Token” shall mean a form of digital medium recordation whose utility, value or application is restricted solely to the acquisition of goods or services, either solely within the DLT platform on or in relation to which it was issued or within a limited network of DLT platforms.

  10. “ARK” (always spelled entirely uppercase) shall mean a Virtual Token, created by the Company, intended for accessing goods and services within the ARK Ecosystem as outlined in this whitepaper.

  11. “ARK Ecosystem” shall mean the environment in which future blockchain developers and users interact. Both a living and a technological construct. Where both community members and developers contribute to the creation of tools, services, products, and peripherals.

  12. “Whitepaper” shall mean the document published on the Website that describes the ARK project and the complex issues it aims to solve. In addition, it will detail the characteristics and purpose of the ARK token.

ARK Characteristics, Features, Rights, Warranties, and Exclusions:

  1. ARK may be used by You as an instrument for accessing certain goods and/or services within the ARK Ecosystem.

  2. ARK forms a digital medium recordation whose utility solely entails the utilization of services within the ARK Ecosystem.

  3. Your use of ARK shall be subject to the Terms and Conditions available on the Website.

  4. All materials within the Whitepaper are provided on an ‘as is’ basis. The company makes no warranties, expressed or implied. In addition the Company negates all other warranties, including but not limited to, warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights.

  5. The Company provides no guarantees of the future use or value of ARK, whose value may fluctuate and may be reduced to zero.

  6. You are not expected to make a profit from the acquisition of ARK and shall have no expectation of profit from the future success of the Company’s business and/or the efforts of the Company or other persons.

  7. ARK does not in any way represent a share, debenture, stock or unit of the Company. ARK does not represent ownership interests or grant ownership rights, control and voting rights in the Company, nor do they grant any rights to receive a share of the Company’s profit nor any distribution of assets upon the liquidation and winding up of the Company.

  8. The Company is not obliged to redeem ARK at any given time.

  9. ARK does not represent securities, commodities, swaps, future investment contracts, or either securities or commodities or a financial instrument of any kind. Purchases and sales of ARK are not subject to the applicability of any law which may govern or regulate any type of financial instrument. This Disclaimer and all other documents referred to in this Disclaimer including the Whitepaper do not constitute a prospectus or offering document, and does not represent an offer of sale to the public, nor is this Whitepaper solicitation of an offer to buy an investment, a security, commodity, a future contract or a swap on either a security or commodity.

  10. The acquirement of ARK is not for investment purposes and the User should not acquire ARK with such intentions. ARK is not designed, developed nor intended to be used for investment purposes and should not be considered as a type of investment. You acknowledge, understand and agree that the holding of ARK does not constitute a guarantee, representation or warranty that the holder will be able to make sure of any assets or profits generated or held in the name of the Company.

  11. You acknowledge and agree that You are not acquiring ARK for purposes of investment or speculation, arbitrage strategy, for immediate resale or other investment purposes.

  12. Nothing within this whitepaper constitutes any form of advice: legal, financial, or otherwise. If you require any form of advice, you should consult with the appropriate professional within your jurisdiction.

  13. ARK retains ownership of copyright and all other intellectual property contained within this Whitepaper and all rights are expressly reserved.

  14. You are solely responsible for the determination of what your fiscal obligations are for any transaction used to access services with ARK. Fiscal Obligations within certain jurisdictions vary and may include accurate record keeping and certain transactions may be subject to tax.

  15. If one part of this disclaimer is deemed to be unenforceable by any court, the other provisions within this disclaimer will continue to be in effect.

  16. Cryptocurrency and/or Blockchain Technology remains unregulated in a multitude of countries and jurisdictions. Changes within Your country or jurisdiction may impact your access to services and or the ARK token. The Company cannot guarantee that possible regulatory changes shall not impact You or activities you perform while using the ARK token to access services within the ARK Ecosystem.