Last revised: 11 February, 2025

These Terms of Use (“Terms”) legally binds you and Ten Twenty Sports Ltd (the “Company”), a company incorporated in the British Virgin Islands, in connection with your access to or participation in any transaction, content, interaction or experience (as described and/or is accessible through https://padel.fun (the “Site”). For purposes of these Terms, any transaction, receipt of content, interaction, participation in any activity, being a member of the community associated with the Site and/or any similar action thereof involving you shall be referred to as the “Experience”.

1. Acceptance of these Terms

By accessing the Site or participating in the Experience, you agree to be bound by these Terms. If you disagree, you shall cease all activity in connection in the Experience and leave the Site immediately.

2. You shall not participate in the Experience if you are a Restricted Person

You are not to access the Site or participate in the Experience if you are a “Restricted Person”. A “Restricted Person” means, a person (which shall include but not be limited to an entity) that resides in, domiciled in, located in, incorporated in, or has any nexus to a “Restricted Jurisdiction”. “Restricted Jurisdiction” means any of: (a) the United States of America, Republic of China, Democratic People’s Republic of Korea, Iran, Myanmar, Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, Cote d’Ivoire, Croatia, Democratic Republic of Congo, Haiti, Kenya, Lebanon, Mali, Monaco, Mozambique, Namibia, Nigeria, Philippines, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam, Yemen, or any other jurisdiction that is on the restricted list of the Financial Action Task Force from time to time, (b) any jurisdiction or country that is subject of sanctions by the Office of Foreign Assets Control (“OFAC”) or any other similar-level governing body, (c) any jurisdiction where you are on any prohibited or restricted parties list, (d) any jurisdiction which your participation in the Experience would constitute a regulated activity and/or places legal or compliance obligations on the Company and/or its representatives.

3. You shall also not participate in the Experience if you are ineligible

To be eligible to participate in the Experience: (a) you must be at least 13 years old (or such minimum age applicable to the jurisdiction you are domiciled in); (b) you are not a Restricted Person; (c) you are not participating in the Experience for an unlawful on non-compliant purpose; (d) you must not circumvent any restriction under these Terms (whether directly or indirectly).

4. License

You are granted limited, non-exclusive and revocable permission to access the Site or participate in the Experience. This shall remain in effect until terminated by the Company. You acknowledge and agree that this is personal to you, and you will not attempt to redistribute, sublicense or otherwise attempt to transfer any access to the Site or the Experience to any other person.

5. Disclaimers and Acceptance of Risks

5.1 To the extent permitted by law, the Experience is provided to you on an “as is” and “as available” basis. No representations and warranties are made whatsoever, including that no representations and warranties are made (whether express or implied) on the accuracy, merchantability, fit for purpose or non-infringement.

5.2 No warranty is made that the Experience will meet your requirements or be available uninterrupted, secure or be free from error. No warranty is made regarding accuracy,timeliness, accuracy or reliability of any information or content in connection with the Experience.

5.3 You agree that you are solely responsible for any delay, error, discontinuation or lack of access to the Experience or for any loss (including but not limited to financial loss).

5.4 You represent, acknowledge and agree that you have a good understanding of blockchain and cryptographic systems and digital assets and consider yourself a sophisticated user or participant and that you are also aware of all associated risks which you expressly accept.

5.5 You agree that all digital tokens in connection with the Experience is purely for the purposes of participating in the Experience and being a part of the community in connection thereof. There is no assurance that any of these digital tokens have or will continue to have any value outside of the limited utility it has to participate in the Experience. You shall not construe any of such digital tokens or any utility surrounding it as an investment, and you agree that you are solely responsible for any decision you make around such digital tokens or the Experience.

5.6: You also agree and understand that cryptographic tokens are highly volatile due to various factors and can be primarily a subject of speculation. There is no assurance that any cryptographic token you acquire has or retains any value.

6. Indemnity

You agree to indemnify, defend and hold harmless the Company and all of their employees, officers, directors, agents, affiliates and representatives (collectively, the “Indemnified”) from all claims, demands, actions, losses, liabilities, costs and expenses (including but not limited to legal fees) arising out of or in connection with your access to or participation in the Experience, your access to the Site, or your breach of these Terms. For the avoidance of doubt, this includes an indemnity in favor of the Indemnified for any loss you may have suffered in connection with any acquisition of digital tokens or assets in connection with the Experience.

7. Limitation of Liability

To the maximum extent permitted by law, none of the Company and the Indemnified shall be liable for any loss, including but not limited to financial loss, loss of data or any other indirect, incidental, consequential, special, punitive or exemplary damages in connection with the Experience. You hereby waive any claim you may have against the Company and/or the Indemnified on any theory whether in contract, tort, or otherwise. If you rely on statute which may be applicable, you agree not to pursue any remedy thereunder and if you do, you agree to indemnify the Company and the Indemnified to the extent of your claim. In any event, you agree that the aggregate liability against the Company and the Indemnified is limited to USD100

8. Termination

The Company may suspend or terminate your access to the Site or the Experience at its own discretion for any reason without notice and without liability. Paragraphs 4, 5, 6, 7, 9 and 10 and any other right or obligation of you and/or the Company that by its nature should survive shall survive termination or expiration of these Terms.

9. Governing Law & Disputes

9.1: These Terms shall be governed by the law of the British Virgin Islands (“BVI”).

9.2: Any dispute, controversy or claim arising out of or in connection with these Terms, or the breach, termination or invalidity thereof, shall be resolved by arbitration in accordance with the BVI IAC Arbitration Rules. The number of arbitrators shall be one (1). The seat and place of the arbitration shall be the BVI or such other jurisdiction as determined by the Company. The language of the arbitral proceedings shall be English.

9.3: You agree that you will resolve any dispute in connection with these Terms through binding arbitration rather than in court. Failing which, you agree to indemnify the Company and/or the Indemnified (as the case may be) for your breach of this provision.

9.4: You agree to waive any right to participate in a class action lawsuit or class-wide arbitration.

9. Miscellaneous

10.1: Entire Agreement. These Terms constitute the entire and exclusive agreement between the Company and you regarding the Experience and shall supersede and replace all prior oral or written understandings or agreements between the Company and you in respect of the same.

10.2: Severability. If any provision of these Terms is found to be invalid or unenforceable by an arbitrator or a court of competent jurisdiction, that provision shall not render these Terms unenforceable or invalid as a whole. The other provisions in these Terms shall remain in full force and effect.

10.3: Assignment of these Terms. These Terms may not be assigned without written consent of the Company. The Company may assign these Terms and any of its rights hereunder to any party at its discretion. No provision of these Terms is intended to confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any person or entity other than you and the Company and each party’s respective successors and permitted assigns.

10.4: Notices. Any notices or other communications provided by the Company under these Terms will be given by posting it onto the Site. It is your responsibility and obligation to check for updates from time to time.

10.5: Non-Waiver. Any waiver by the Company of any right to enforce these Terms shall only be effective if made in writing by a duly authorized representative of the Company. The Company reserves all rights in respect of any remedies it has under these Terms or otherwise.