Silent Data [Rollup] Subscription Services Agreement

1. Background

1.1


1.2


1.3



1.4



1.5

1.6



1.7

We are Applied Blockchain Ltd, incorporated and registered in England and Wales with company number 09686276 whose registered office is at Level39, One Canada Square, London, England, E14 5AB (“Applied Blockchain”).

Applied Blockchain has developed a software program named Silent Data [Rollup], which is accessed by subscribers via the internet on a subscription basis.

You (the “Client”) have chosen the shared environment option for receiving the Subscription Services, which means that the Subscription Services will be provided to you in a shared environment where you will share a blockchain ledger with other subscribers.

This Subscription Services Agreement (the “agreement”) sets out the terms and conditions on which we provide you with Subscription Services in relation to Silent Data [Rollup]. On Acceptance (as defined below) you agree to the terms and conditions of this agreement. You should print a copy of this agreement for future reference.

You hereby warrant that:

(a) you have authority to enter into this agreement;

(b) if you are an individual, you are aged 18 years or older;

(c) you are using the Subscription Services for business purposes (i.e. for the purposes of your trade, business, craft or profession); and

(d) neither your business not the legal entity through which you are entering into this agreement is registered in, operates out of or is in any other way associated with any country, territory or jurisdiction subject to a UK sanctions regime in force under the Sanctions and Anti-Money Laundering Act 2018 and other legislation in force in the United Kingdom at the relevant time (including the Export Control Order 2008 and the Anti-Terrorism, Crime and Security Act 2001).

You shall defend, indemnify and hold harmless Applied Blockchain (on demand) against claims, actions, proceedings, losses, damages, costs (including reasonable legal costs) and expenses (including taxation), in each case of any nature whatsoever, suffered or incurred by Applied Blockchain and arising out of or in connection with your breach of the warranties in clause 1.5.

On Acceptance, you grant to us a non-exclusive, royalty-free licence to use the information in the account that we set up to enable your use of the Subscription Services (your “User Account”) for all purposes connected with the Subscription Services or referred to in this agreement, with the right to use, modify, display, distribute and create new material using or incorporating that information in order to provide the Subscription Services to you, and you grant to us the right to sub-licence these rights to third parties or members of our corporate group and share personal data in accordance with the terms of the Privacy Policy. You acknowledge and agree that we may disclose your identity and information relating to your User Account to third parties if we are required to do so by applicable law or court order.

‍