Legal Infomations

A. GENERAL INFORMATIONS

Tokens have been issued by a technical process that uses the «Blockchain» technology. This is an open source IT protocol over which the de.ga has no rights, control or liability in terms of its development and operation. The token distribution mechanism is controlled by a Smart Contract; this involves a computer program that can be executed on the BSC network or on a blockchain network that is compatible with the Smart Contract programming language. DEGA Token is a token that allows the user to access the services provided by the de.ga and its Founder Members. DEGA Token is a utility token and does not have the legal qualification of a security. DEGA Token does not have a performance or a particular value outside the de.ga environment. DEGA Token shall therefore not be purchased or used for speculative or investment purposes.

B. RISKS

The acquisition of DEGA Tokens and their retention involves various risks, in particular (but not limited to) the risk that de.ga and its member companies will not provide the services to which the DEGA Token relates or is forced (in particular due to changes in the legal environment and/or issuance of new laws or regulations and/or new guiding interpretation of the current legal framework and/or jurisprudence, which may also have a retroactive effect) to disrupt its operations or change its business model. Therefore, and before acquiring de.ga Token, any user should carefully consider the risks, costs and benefits of acquiring DEGA Token and, if necessary, obtain independent legal and tax advice in this regard. Any interested person who is not in the position to accept or to understand the risks associated with the activity (including the risks related to the non-development of the de.ga services) or any other risks as indicated herein or in the Token Documentation) shall not acquire the DEGA Tokens.

C. NO INVESTMENT INVITATION

This White Paper shall not and cannot be considered as an invitation to enter into an investment. It does not constitute or relate to in any way nor should it be considered or interpreted, as an offering of securities in any jurisdiction. The White Paper does not include nor contain any information or indication that might be considered as a recommendation or that might be used to base any investment decision. This document does not constitute an offer or an invitation to purchase shares, bonds, securities or rights relating to de.ga or to any related or associated company (the “Company’s Group”).

D. NO SECURITY DEGA

Tokens are not convertible into shares or certificates of the or the de.ga Group and do not confer any right to receive such shares or certificates. DEGA Tokens do not confer any direct or indirect rights to the capital or income of the de.ga and, in particular, do not confer any right to dividends or interest or to any other action or participation in the revenue or profits of de.ga or its associated or related companies. DEGA Token is not proof of ownership of any property belonging to the or related companies or a right of control over them and does not grant the owner any rights to the assets of de.ga or associated or related companies. Pursuant to the Guidelines and current practice, the de.ga token is a utility token that gives access to de.ga services and is not intended to be used as an investment. The offering of DEGA Token on a trading platform is made to allow additional users to use and/or access the de.ga platform and not for speculative purposes and does not change the legal qualification of the token as an de.ga utility token.

E. CHANGES IN THE LEGAL ENVIRONMENT

The purchase of DEGA Tokens is taking place within a legal environment that is still under development. Regulatory authorities are carefully scrutinizing businesses and operations associated with cryptocurrencies in the world. Regulatory measures, investigations or actions may impact de.ga's business and even limit or prevent it from performing or developing its operations. Any person acquiring DEGA Token shall be aware that de.ga's business model and the Token Documentation may change because of new legal, regulatory and compliance requirements from any applicable laws in any jurisdictions, even with retroactive effect. In such a case, Purchasers and anyone acquiring de.ga acknowledge and accept that neither de.ga nor any of its affiliates shall be held liable for any direct or indirect loss or damage caused by such changes.

F. THIS IS NOT AN OFFER – NO INVESTMENT ADVICE – NO REPRESENTATIONS AND WARRANTIES

This White Paper shall not be construed as an offer, personal recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. de.ga is not to be considered as an advisor in any legal, tax or financial matters. Any information in the white paper is given for general information purposes only and de.ga does not provide any representation and/or warranty as to the accuracy and completeness of the information included in the White Paper.

G. IMPORTANT INFORMATION AND DISCLAIMER

de.ga will do everything possible to start its operations and develop the services highlighted in this document. Anyone who commits to acquiring DEGA Token must be aware that de.ga does not provide any guarantee that they will be able to carry out the project highlighted in this White Paper. By acquiring the DEGA token, de.ga assumes no responsibility for any loss or damage that would result from or would relate to your failure to receive (or timely receival of) the DEGA tokens or your inability to use the DEGA tokens, as well as for any failure or malfunction of the respective Smart Contract, except in the case of willful misconduct or gross negligence directly attributable to the Company. DEGA Token is based on the BSC protocol. Any malfunction, unplanned function or unexpected operation of the BSC protocol can cause the de.ga network or the DEGA token to malfunction or function in an unexpected way. In addition, the account unit of the native Ethereum protocol could itself lose value in a similar way to DEGA tokens and also in other ways. de.ga assumes no liability in this regard except in the case of willful misconduct or gross negligence directly attributable to the Company. DEGA assumes no responsibility for any loss of DEGA Token or situations that make it impossible to access de.ga Token, which may result from the User's actions or omissions, as well as in the event of hacker attacks.

H. USER REPRESENTATIONS AND WARRANTIES

By purchasing DEGA the Purchaser confirms that they: • have read and understood the Token Documentation and accepts to be legally bound by its terms; • have sufficient knowledge about the nature of the cryptographic tokens and has significant experience with, and functional understanding of, the usage and intricacies of dealing with cryptographic tokens, cryptocurrencies and blockchain-based systems and services; • have fully understood and accepted the risks connected with the purchase of the Token outlined in the Token Documentation, including those related to possible changes in the legal environment; • are familiar with all related regulations, in particular (but not limited to) in the specific jurisdiction in which the Purchaser is based, and has received competent advice that purchasing cryptographic tokens is not prohibited, restricted or subject to additional conditions of any kind; • are authorized and have full power to purchase de.ga Token; • are not a U.S. citizen, resident or entity (a "US Person") nor is the Purchaser purchasing DEGA Tokens on behalf of a US Person; • is not a Chinese resident or entity nor are they purchasing DEGATokens or signing on behalf of a Chinese resident; • the purchase and storage of the Token will not constitute a violation or breach of any applicable law by the Purchaser, in particular in their country of residence or citizenship; • purchases DEGA Token because they wish to have access to the de.ga platform; and • are not purchasing DEGA Token for the purpose of speculative investment or usage.

I. TAXES

The Token Buyer acknowledges, understands and agrees that the purchase and receipt of DEGA Tokens may have tax obligations and/or consequences, which the Token Buyer is solely responsible to comply with, and the Company will bear no liability or responsibility with respect to any tax obligations and/or consequences. The Company is not responsible for withholding, collecting, reporting, paying, settling and/or remitting any use, value added, or similar tax arising from entering into this Agreement and the potential future receipt of DEGA Tokens. The Company cannot and does not provide tax advice and recommends that the Token Buyer seeks appropriate professional advice in this area if required.

J. GOVERNING LAW – ARBITRATION

This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the laws of the Isle of Man, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the laws of another jurisdiction. Any disagreement or dispute between the Parties arising under, in connection with or in relation to the Agreement shall be resolved exclusively and finally, by confidential binding arbitration in accordance with the procedures set forth in this clause 12.1. The arbitration shall be conducted in the Isle of Man, or such other location if the Parties mutually agree. The arbitration proceedings will be conducted in accordance with, and pursuant to, the then most applicable rules of arbitration (the "Arbitration Rules") of the International Chamber of Commerce which can be found here: https://iccwbo.org/dispute-resolution-services/arbitration/rules-of-arbitration/. A single neutral arbitrator (the "Arbitrator") shall be selected pursuant to the Arbitration Rules; provided that (notwithstanding the Arbitration Rules) each party shall have the right to pre-emptively challenge any Arbitrator that has previously arbitrated any matter for either Party. The Arbitrator will have the same power (but no greater power) to grant all appropriate legal and equitable relief, both by way of interim relief and as a part of the final award, as may be granted by any court of competent jurisdiction, in order to carry out the terms of this Agreement (including declaratory and injunctive relief and damages). The Arbitrator shall render an award and written opinion explaining the award, and the decisions and award of the Arbitrator shall be final and binding upon the Parties. All awards and orders of the Arbitrator, including interim relief, may be enforced by any court of competent jurisdiction. The Parties agree that the award of the Arbitrator may be enforced against them or their assets wherever they may be found and that a judgment upon the award may be entered in any court having jurisdiction thereof. The Parties hereto hereby waive to the fullest extent permitted by applicable law any rights to appeal or to review such award by any court or tribunal. In the event of any conflict between the Arbitration Rules and the provisions of this clause 12, this clause 12 shall prevail.