Updated: October 25, 2023

This TEC Crypto Service Agreement (the "Agreement") is a legally binding contract between TEC Crypto ("TEC Crypto" or "we") and users (the "User" or "you") utilizing the services provided by TEC Crypto and/or its official website (the "Website"). This Agreement outlines the rights and responsibilities of both TEC Crypto and the User. By accessing TEC Crypto services and/or the Website, you acknowledge and agree to comply with all the terms of this Agreement and the TEC Crypto Privacy Policy. If any term of this Agreement or the Privacy Policy is unacceptable to you, please refrain from using TEC Crypto services and the Website. Additionally, any purchase of products or services from TEC Crypto is subject to the specific service agreement associated with that product or service.

This Agreement becomes effective on the date the User accepts its terms (the "Effective Date").

TEC Crypto, with its registered address at 1 Plough Lane, Stoke Poges, Slough, United Kingdom, SL2 4JR, and its operational office located at 33 Cavendish Square, London, W1G 9PQ, offers computational services and related offerings on its platform (hereinafter – the "Services"). The Services are deemed rendered upon the termination of the selected contract term.

By accepting this Agreement, the User, or anyone acting on their behalf, represents and warrants that they possess the legal authority to bind the Customer to this Agreement. The Agreement governs the Customer's access to and use of the Services provided by TEC Crypto.

The Privacy Policy, accessible on https://teccrypto.com/, are integral components of this Agreement. Both parties explicitly agree to adhere to the terms and conditions outlined in the Privacy Policy.

1. General Terms

1.1 TEC Crypto reserves the right to change or modify the terms of this agreement at any time at its sole discretion. It is your responsibility to periodically review this agreement for the latest changes. Any changes or modifications of this Agreement shall take effect once it is published on the Website (unless the effective time is otherwise prescribed). You agree that by using the services provided by TEC Crypto and/or the Website following any changes to this Agreement, you are agreeing to accept such changes.

 

1.2 If you have any objections to the changes to this Agreement or if you are dissatisfied with the services provided by TEC Crypto and/or the Website, you should immediately: (1) stop using the services provided by TEC Crypto and the Website, and (2) inform TEC Crypto to stop providing service to you. You agree that once the service is terminated, the User's right to use the services provided by TEC Crypto is terminated immediately.

 

2. User Registration

2.1 You hereby represent and warrant to TEC Crypto as follows, which representations and warranties will be deemed repeated each time you use the services provided by TEC Crypto:

 

(1) if you are a natural person: you are at least 18 years old of age and have total civil capacity;

 

(2) if you are an entity: you are duly organized and validly existing under the laws of the jurisdiction of your organization or incorporation and, if relevant under such laws, in good standing;

 

(3) your use of the services provided by TEC Crypto complies with the applicable laws and regulations in your country/region, and your use of the services offered by TEC Crypto does not violate your obligations to any third party;

 

(4) you have the requisite power to use the services provided by TEC Crypto and perform your corresponding obligations, and the Agreement and the corresponding purchase order(s) are valid and binding on you.

 

2.2 When providing the registration data and information (the "Registration Information"), you hereby agree that:

 

(1) you will provide legal, truthful, accurate and complete Registration Information;

 

(2) you will timely notify TEC Crypto if there is any change to the Registration Information provided by you; if the Registration Information provided by you is illegal, untrue, inaccurate, or incomplete, you shall bear all the corresponding responsibilities and consequences;

 

(3) TEC Crypto reserves the right to impose certain restrictions on your account and/or suspend or terminate your use of the services provided by TEC Crypto based on the Information provided by you to TEC Crypto in accordance with TEC Crypto's compliance obligations and internal risk control policy;

 

(4) Unless obtained express written consent from TEC Crypto, you shall only register for one account at TEC Crypto;

 

(5) For compliance purposes such as KYC (know your customer) and/or anti-money laundering, TEC Crypto reserves the right to request you to provide TEC Crypto with your PII (Personally Identifiable Information) and/or financial information. You Confirm That You Will Submit True, Accurate Information To Us.

 

(6) You will be required to enter your username and password when using certain features of the services provided by TEC Crypto. If you are unable to access your account for reasons such as forgetting the password, TEC Crypto reserves the right to request specific information from you, including but not limited to proof of identity, proof of residence, telephone number /Email proof, and any identifiable activity information on the Website, such as transaction ID, order number, withdrawal information, etc.; however, you hereby agree that you will not share your username and/or password with any third party or allow any third party to access your account. TEC Crypto is not responsible for any consequences and losses caused by your improper use of your account and/or password or any third party’s use of your account and/or password. If you believe that your username and/or password are known to any third party or that your account has been accessed by any third party, you should notify TEC Crypto immediately.

 

2.3 You understand and acknowledge that TEC Crypto has the right to provide all or part of your registration information in accordance with relevant laws and regulations or the requirements of regulatory authorities.

 

3. Risk Factors

3.1 You understand and acknowledge that there are risks associated with holding, trading, investing in digital assets and use of digital asset related services. The chances listed in section 3.1 are not exhaustive. These risks, and additional risks that may occur now or in the future, may prevent you from obtaining any gains, may cause you to suffer financial losses, and may even terminate the services we provide:

 

(1) Use of any digital assets or related product and service carries potential financial, regulatory, and other risks. Before using any digital asset or associated products and services, you should confirm that you have sufficient knowledge and experience in the features and risks of blockchain technology, digital assets, and smart contracts. Your decision to participate in any digital asset activity and/or use of related services should be based on independent study and/or consultation with professionals as you deem necessary. TEC Crypto assumes that when you use the services provided by TEC Crypto, you are a professional who understands the digital asset industry and understands the risks of digital asset related products and service. This Agreement and any services provided by TEC Crypto should not be deemed as TEC Crypto's providing you with investment advice;

 

(2) The value of any product or service provided by TEC Crypto and the value of any digital asset may be affected by many factors not controlled by TEC Crypto, including but not limited to mining difficulty and/or other changes in mining parameters/attributes, market price fluctuations in digital assets, hardware (i.e. mining machines) obsolescence and hardware amortization, etc.;

 

(3) Due to the nature of the digital asset, the value of any digital asset may lose some or all of its value at any time. You are aware of the fact that the value of any digital asset can decrease rapidly (and even decrease to zero). TEC Crypto is not responsible for any and all losses caused by the market price fluctuations of any digital asset;

 

(4) TEC Crypto will maintain or upgrade the system periodically. You hereby confirm that you do not expect your use of the Services provided by TEC Crypto to be continuous 

without any interruption. Unless otherwise expressly prescribed,TEC Crypto is not responsible for any and all losses caused by the suspension and interruption due to TEC Crypto's maintenance and upgrading of its system;

(5) No authentication or computer security technology is 100% secure and safe. You agree to bear all risks related to hacking or identity theft;

 

(6) You understand and agree that TEC Crypto reserves the right to post, modify, and/or provide information related to our service through the Website, emails, customer service calls, SMS, and other official channels. TEC Crypto is not responsible for information obtained through non-official channels of TEC Crypto. If you have any questions related to the truthfulness of data sent in the name of TEC Crypto, please contact us immediately.

 

(7) The global regulatory regime governing blockchain technologies, digital assets, mining pool, cryptocurrencies, tokens, and the service provided by TEC Crypto is currently undeveloped and likely to evolve rapidly, varies significantly among international, state, and local jurisdictions, and is subject to significant uncertainty, and regulations or policies may materially adversely affect the Service and the value of any digital asset. You understand, acknowledge, and assume such risks.

 

4. Use of Digital Assets

4.1 You may not mine, purchase, sell, exchange, hold, and/or use any type of digital asset in any manner that is prohibited by the laws and regulations applicable to you.

 

4.2 Before you use the service provided by TEC Crypto, you will need to evaluate if the service is suitable for your financial capabilities and risk preferences. By using any service provided by TEC Crypto, you acknowledge that you understand and accept all the risks associated with mining, purchasing, selling, exchanging, holding, and/or using digital assets, including but not limited to:

 

(1) Large price fluctuations: prices of any digital asset, including Bitcoin, may fall sharply, or even fall to zero;

 

(2) Digital asset transactions may take a while to be confirmed. Although very unlikely, it does exist the situation when some digital asset transactions may never be confirmed and unconfirmed digital asset transactions mean such transactions are not completed;

 

(3) Digital asset transactions are irreversible: if you send any amount of digital assets to any wrong person or digital asset wallet address, you may not be able to cancel the transaction or recover these funds;

 

(4) If you lose or forget any PIN or password required to access and use the digital assets, the digital assets may be lost or unavailable to you;

 

(5) Blockchain (or digital asset) technology may have unknown inherent technical defects;

 

(6) Each country may introduce and promulgate new laws, regulations, and policies that affect the use of digital assets.

 

5. Restrictions and Obligations

5.1 You shall not use the services provided by TEC Crypto to engage in any activities that violate applicable laws and regulations. You shall not use the Services provided by TEC Crypto to

 

(1) support, incite, or participate in any terrorist activities;

 

(2) participate in any money laundering activities;

 

(3) fabricate or distort facts, spread rumors, and disrupt social order;

 

(4) promote or produce obscene, violent, and/or terrorist content; or

 

(5) participate in other activities violating applicable laws and regulations.

 

5.2 You agree to comply with all applicable laws and regulations, this Agreement, and all rules and policies announced by TEC Crypto from time to time regarding the use of the Website and the services provided by TEC Crypto.

 

5.3 You agree to provide all documentation and other information reasonably requested by TEC Crypto from time to time in its sole discretion under its applicable “know your customer” and anti-money laundering rules and policies.

 

5.4 You shall be fully liable for the security of your account password (or other security devices). Any application or order submitted through your account is deemed to have been executed and agreed upon by you. If your account, password, or other information is used fraudulently or illegally due to your negligence, we are not responsible for any risks and losses arising therefrom. You shall notify us immediately if you suspect your account, password, or other information has been fraudulently or illegally used.

 

5.5 You agree and represent that the source of your funds used to purchase TEC Crypto's products is legal and compliant. You agree that you shall fully assume the relevant tax obligations arising from using the services provided by TEC Crypto.

 

5.6 You agree and represent that you are using the services provided by TEC Crypto only for your own benefit and that you are not using the services provided by TEC Crypto on behalf of others or for the benefit of any third parties.

 

5.7 You agree to contact TEC Crypto immediately if you find or suspect any fraud or misconduct by any third party using the services provided by TEC Crypto.

 

5.8 Unless obtained prior written consent from TEC Crypto, you may not register multiple accounts on the Website in any circumstances. You shall not register multiple accounts in order to obtain profits, rewards, or coupons.

 

5.9 You may not use anyone else's account or password at any time without the express permission and consent of the holder of that account or password. TEC Crypto cannot and will not be liable for any loss or damage arising from your failure to comply with these obligations.

 

5.10 You should not participate in any activities that may affect the services provided by TEC Crypto and/or the website's security.

 

5.11 You shall not use any method (such as Proxy, Tor, VPN, etc.) to block your Internet traffic and IP addresses or use other technical services that may hide the user's real Internet connection.

 

5.12 Intellectual property rights of any content displayed on the Website, including but not limited to articles, pictures, news, materials, website structure, website layout, website design, unless otherwise specified, are entirely owned by TEC Crypto or TEC Crypto's licensor (if any). The User shall respect the intellectual property rights of TEC Crypto and TEC Crypto's licensor (if any).

 

5.13 TEC Crypto hereby grants you a limited, non-exclusive, revocable, non-transferable, and non-sublicensable license during the term of this Agreement to use the services we provide under this Agreement. TEC Crypto or its licensor reserves all rights, titles, and interests in and to the Service, including all source code, object code, data, information, and their copyright, trademark, patent, invention, and trade secrets, as well as all other rights, not expressly granted to you under this Agreement. This Agreement does not constitute a waiver of any TEC Crypto's rights under the intellectual property law of Seychelles or any other jurisdiction or any other federal, state, or foreign law.

 

5.14 The User shall neither engage in any activities in the name of TEC Crypto nor use the information/data on the Website without prior written authorization from TEC Crypto.

 

5.15 For any data or information that we provide to you during the period in which you use our Product(s), you agree:

 

(1) that such data or information is only used for the purpose specified in this Agreement and in compliance with all applicable laws;

 

(2) not to transfer, transmit, display, or otherwise disclose or make available such data or information to third parties except as required by Applicable Laws; and

 

(3) not to improve or modify such data or information, nor to use such data or information to make derivatives or use in combination with any other information without TEC Crypto's prior written consent.

 

5.16 You shall not make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally or otherwise, or take any action which may, directly or indirectly, disparage or be damaging to TEC Crypto (including any of TEC Crypto's subsidiaries, affiliates, officers, directors, employees, partners or stockholders); provided that nothing in this paragraph shall preclude you from making truthful statements or disclosures that are required by applicable law, regulation or legal process.

 

5.17 You hereby understand that the services provided by TEC Crypto are not available to the following (each, a "restricted person"): 1) residents in the following countries or regions: mainland China, Seychelles, Crimea region, Cuba, Iran, North Korea, and Syria; 2) any entities or individuals that are restricted under applicable trade sanctions and export compliance laws; or 3) any entities or individuals that are restricted under TEC Crypto's compliance obligations and/or internal risk control policies. as to the users who use the miner sharing services provided by TEC Crypto, the restricted person shall also include the residents in the united states. The above list is not exhaustive. Before using the services provided by TEC Crypto, please confirm that you are not a restricted person. In the event that you are a restricted person and you use the services provided by TEC Crypto, all legal risks and liabilities caused by or arising from such usage shall be entirely borne by you, and TEC Crypto shall have the right to refuse to provide services to you, and you shall not be entitled to ask TEC Crypto to provide any refund.

 

6. Liability for Breach of Agreement

6.1 You agree that TEC Crypto may, in its sole discretion and without prior notice, suspend or terminate your access to the website and/or block your future access to the website if TEC Crypto determines that you have violated this agreement or other agreements or guidelines which may be associated with your use of the website (the"breach of the agreement"). Without limiting any general liability and indemnity provisions that are set out in this agreement, you shall be liable for all losses (as defined in clause 7.6 of this agreement) of TEC Crypto caused by your breach of the agreement. When TEC Crypto determines that your breach of the agreement has occurred, TEC Crypto may withhold from amounts otherwise due and payable to you its losses caused by your breach of the agreement. You also agree that any breach of the agreement by you will constitute an unlawful and unfair business practice, and will cause irreparable harm to TEC Crypto, for which monetary damages would be inadequate, and you consent to TEC Crypto obtaining any injunctive or equitable relief that TEC Crypto deems necessary or appropriate in such circumstances. These remedies are in addition to any other remedies TEC Crypto may have at law or in equity. You agree that TEC Crypto will not be liable to you or to any third party for suspend or termination of your access to the website as a result of any of your breaches of the agreement.

 

6.2 If TEC Crypto reasonably suspects that the User uses the services provided by TEC Crypto in an illegal, fraudulent, or other improper manner, TEC Crypto shall have the right to suspend the provision of the benefits to the User until the User can provide proof of compliance to TEC Crypto's satisfaction.

 

6.3 You agree that TEC Crypto may, in its sole discretion and without prior notice, terminate your access to the Website, for cause, which includes (but is not limited to) (1) requests by law enforcement or other government agencies, (2) a request by you (self-initiated account deletions), (3) discontinuance or material modification of the Website or any service offered on or through the Website, or (4) unexpected technical issues or problems.

 

7. Disclaimers and Limitation of Liability

7.1 TEC Crypto does not promise that the website and/or the services provided by TEC Crypto will be error-free or uninterrupted, or that any defects will be corrected, or that your use of the website and/or the services provided by TEC Crypto will provide specific results. The website and/or the services provided by TEC Crypto are delivered on an "as-is" and "as-available" basis. All information related to the services offered on the website is subject to change without notice. TEC Crypto cannot ensure that any services provided by TEC Crypto will be free of viruses, contamination, or destructive features. Unless otherwise expressly provided in writing by TEC Crypto, to the full extent permissible by applicable law, TEC Crypto disclaims all warranties, express or implied, including any warranties of accuracy, non-infringement, merchantability, and fitness for a particular purpose. TEC Crypto disclaims any and all liability for the acts, omissions, and conduct of any third parties in connection with or related to your use of the services. You assume total responsibility and risks for your use of the website and/or the services provided by TEC Crypto. Unless otherwise expressly provided in writing by TEC Crypto, your sole remedy against TEC Crypto for dissatisfaction with the website and/or the services provided by TEC Crypto is to stop using the website and/or the services provided by TEC Crypto. This limitation of relief is a part of the bargain between the parties. The above disclaimer applies to any damages, liability, or injuries caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction of or unauthorized access to, alteration of, or use, whether for breach of contract, tort, negligence or any other cause of action.

 

7.2 TEC Crypto reserves the right to do any of the following, at any time, without notice: (1) to modify, suspend or terminate operation of or access to the Website, or any portion of the Website, for any reason; (2) to modify or change the Website, or any portion of the Website, and any applicable policies or terms; and (3) to interrupt the operation of the Website, or any portion of the Website, as necessary to perform routine or non-routine maintenance, error correction, or other changes.

 

7.3 TEC Crypto shall not be liable for service suspension or termination occurring by reason of circumstances beyond its control, including but not limited to war (declared or undeclared), terrorist activities, acts of sabotage, blockade, fire, lightning, acts of god, national strikes, riots, insurrections, civil commotions, quarantine restrictions, epidemics, earthquakes, floods, hurricanes, explosions and regulatory and administrative actions or delays. In the event of such force majeure, TEC Crypto shall take reasonable steps to minimize interruptions and loss but shall have no liability caused by or incidental to such force majeure.

 

7.4 The User agrees that any third-party links provided by TEC Crypto is for convenience and reference only. TEC Crypto's provision of these third-party links does not mean that it confirms these links and the content displayed on these links. Since these third-party links are not controlled by TEC Crypto, TEC Crypto cannot guarantee that User's access to such links is safe and virus-free. TEC Crypto is not responsible for any loss caused by the User’s accessing such third-party links and any other third-party links not controlled by TEC Crypto.

 

7.5 The User hereby understands and agrees: unless it is expressly agreed in writing by TEC Crypto in advance, under any circumstances TEC Crypto shall not be liable for the following events and the User's losses due to the following events:

 

(1) loss of trading profits;

 

(2) service interruption (such interruption is not caused by TEC Crypto's intentional misconduct);

 

(3) damage or loss of information/data not caused by TEC Crypto 's intentional misconduct;

 

(4) the computing power dies or withdraws from the market;

 

(5) implementation or change of laws, regulations and policy factors;

 

(6) that the User is restricted under TEC Crypto's compliance obligations and/or internal risk control policies based on the information provided by the User (including but not limited to Personally Identifiable Information, financial information, and digital asset wallet address);

 

(7) loss caused by the User's fault or violation of this Agreement (including but not limited to providing inaccurate information to TEC Crypto, leaking passwords to third parties, etc.);

 

(8) other events not controlled by TEC Crypto.

 

7.6 You agree and accept that without duplication of any other rights to recovery or indemnity set forth in this agreement, you shall indemnify and defend TEC Crypto, its parents, subsidiaries, and affiliates, and each of their respective officers, directors, employees, agents, and advisors, against, and shall hold TEC Crypto, its parents, subsidiaries, and affiliates, and each of their respective officers, directors, employees, agents, and advisors, harmless from, any loss, liability, claim, action, suit, or expense (collectively, "losses", including reasonable attorney's fee) caused by or resulting from your breach of this agreement (including but not limited to your breach of any obligation, representation or warranty under this agreement). In no event shall TEC Crypto, its parents, subsidiaries, or affiliates, or each of their respective officers, directors, employees, agents, or advisors, be liable to you or any third party for any special, incidental, indirect, or consequential damages or damages for loss of profits arising out of or in connection with this agreement.

 

7.7 If you have any basis for recovering damages (including breach of this agreement), to the extent permitted by the applicable law, you agree that your exclusive remedy is to recover from TEC Crypto direct damages up to usd$10.00 unless otherwise expressly provided in writing by TEC Crypto.

8. Miscellaneous

8.1 Waiver: no delay or omission as to the exercise of any right or power accruing upon any default by the User shall impair TEC Crypto's exercise of any right or power or shall be construed to be a waiver of any default or acquiescence therein.

 

8.2 Severability: to the extent possible, if any provision of this Agreement is held to be illegal, invalid, or unenforceable in whole or in part by a court, the provision shall apply with whatever deletion or modification is necessary so that such requirement is legal, valid and enforceable and gives effect to the commercial intention of the Parties. The remaining provisions of this Agreement shall not be affected and shall remain in full force and effect.

 

8.3 Governing Law: This Agreement shall be governed in all respects by the laws of Seychelles without regard to conflicts of law principles.

 

8.4 Dispute resolution: you agree that any dispute, controversy, or claim relating in any way to your access or use of the service, to any products sold or distributed through the service, or to any aspect of your relationship with TEC Crypto, will be resolved by binding arbitration, rather than in court, including threshold questions of the arbitrability of such dispute, controversy, or claim, except that you or TEC Crypto may seek injunctive or equitable relief in a court of proper jurisdiction if the claim relates to intellectual property infringement or other misuse of intellectual property rights. Unless otherwise expressly provided in this agreement, you and TEC Crypto hereby waive any constitutional and statutory rights to sue in court and have a trial in front of a judge or a jury. In the event that there is an ongoing dispute proceeding between you and TEC Crypto, either you or TEC Crypto shall have the right to suspend the performance of all its obligations until such dispute is settled in full.

 

8.5 Arbitration agreement. Any dispute arising out of or in connection with this agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration administered by the UK International Arbitration Center in accordance with the arbitration rules of the UK international arbitration center for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be Singapore. The tribunal shall consist of three (3) arbitrators. The language of the arbitration shall be English. The losing party shall bear the arbitration cost. The losing party shall compensate the winning party for its legal fees and other expenses. All claims and disputes within the scope of this arbitration agreement must be arbitrated on an individual basis and not on a representative (including, without limitation, paga) or collective class basis. Only individual relief is available, and claims of more than one user, person, or entity cannot be arbitrated or consolidated with those of any other user, person, or entity.

 

8.6 Replacement of Prior Agreements: By continuously using this Website and services provided by TEC Crypto, you acknowledge that this Agreement shall replace and supersede all prior agreements between you and TEC Crypto with respect to the subject matter provided for herein.

 

8.7 Version: the English version of this Agreement shall prevail.