TERMS OF USE OF THIS PLATFORM(PRIVACY AND PERMISSIBLE USE POLICIES) VERSION 1.0.

This content informs you of the terms on which you are permitted to use this website, whether as visitor or registered user. You are required to read these terms of use before using our site. By using our site, you are deemed to have unconditionally accepted these terms of use and undertaken to abide by them. If you do not agree to these terms of use, please DO NOT USE our site..

ABOUT US.

CRX CarbonBank is an entity in itself, wholly owned and operated by Climate Resources Exchange International Pte Ltd (hereafter “we” or “us” or “CRX CarbonBank”). We are registered in Singapore with the Accounting and Corporate Regulatory Authority (ACRA). Our registered office address is 20 Malacca Street, #07-00 Malacca Centre, Singapore 048979..

CRX CarbonBank provides a platform web application for Sellers of carbon credits to contact and meet Buyers of carbon credits..

HOW CRX CARBONBANK WORKS.

CRX CarbonBank is a platform that introduces participants who want to sell carbon credits (“Sellers”) to participants who need/want to buy carbon credits (“Buyers”) to either retire or to trade on the secondary markets. CRX CarbonBank makes it simpler for Buyers to find their ideal credits, through our listing platform, that suits their needs and facilitates Sellers listing through our platform..

In a transaction, the Seller and the Buyer will enter into a trade agreement with CRX CarbonBank. CRX CarbonBank charges a fixed transaction fee of 5% on the contractual price of the transaction where the Buyer bears 3% and the Seller bears 2%..

BECOMING A MEMBER.

Membership is mandatory in order to participate on the CRX CarbonBank platform. We will issue you a questionnaire to conduct our know-your-client (KYC) check. Once you are approved as either a Buyer or a Seller, or both, a nominal non-refundable annual membership fee of SGD$1,000.00 will be billed to you by CRX CarbonBank. Your membership will be activated upon approval..

NON-CIRCUMVENTION CLAUSE.

By using our site Buyers agree that they shall not buy carbon credits listed by Sellers on our site directly from the Sellers. Sellers and Buyers agree to compensate CRX Carbon Credit (including payment of damages) for breach of this obligation on their part..

OTHER TERMS.

CRX CarbonBank acts as an aggregator and a facilitator, which Sellers, Buyers all other parties who use this site agree and unequivocally accept. Therefore, Sellers, Buyers and all others who use this site acknowledge and accept that CRX CarbonBank does not in any way provide or purport to provide any advice or advisory service to anybody, especially on matters that are financial or legal in nature..

CRX CarbonBank reserves the right, in its sole discretion and without notice, to remove from our site any illegal, inaccurate or misleading content, including anything that in its opinion, that is injurious to CRX CarbonBank’s goodwill or goodwill that our site enjoys. CRX CarbonBank shall be the sole judge of the suitability of the content posted on our site. It is a condition of use of this website that such removal by CRX CarbonBank shall not be questioned in any manner whatsoever, in any court of law or other tribunal in any jurisdiction. The right of CRX CarbonBank to remove such materials is without prejudice to other remedies available to CRX CarbonBank in law and equity..

CRX CarbonBank does not warranty any particular result being derived, achieved or obtained, or capable of deriving, achieving or obtaining, from use of the Website and the introduction of any prospective Seller to Buyer and vice-versa..

ACCESS TO OUR SITE.

Permission to access our site is at our discretion. We reserve the right to withdraw or alter the services we provide on our site without prior notice. We shall not be liable in any manner whatsoever, if for any reason, our site is not available or cannot be assessed or shut down for any length of time..

We may restrict access to one or some or all users to some parts or our entire site. We shall not be liable for such restriction/refusal/denial of our site to any party under any circumstance whatsoever..

If a user identification code, password or any other piece of information as part of our security procedures is assigned you, you must treat such code, password and information as strictly confidential. If in our perspective you have failed to comply with any of the provisions of these terms of use, we have the absolute right to disable any user identification code or password, whether chosen by you or allocated by us to you, at any time..

It is a condition of the use of our website that you agree to all the terms contained therein..

You confirm and agree that all persons who access our site through you, are aware of these terms, and you confirm and accept that they will only be given access to our site on their undertaking to comply with these terms. You accept and confirm that all breaches of this agreement and violation of the Acceptable Use Policy by any person, authorised by you to use our site, shall be regarded as breaches or violations by you, and you agree to all the consequences that will necessarily follow as a result of such breaches..

INTELLECTUAL PROPERTY RIGHTS.

All intellectual property rights of/in our site, and in the materials published on it, are either owned by us or licensed to us. Our intellectual property rights are protected all over the world by copyright laws and treaties. All our rights are specifically reserved. However, you are permitted to print one copy, and download extracts, of any page(s) from our site, when necessary, for your personal reference only. You may also, when necessary draw the attention of other related parties to materials posted on our site..

You must not in any manner whatsoever modify the paper or digital copies of materials you have printed or downloaded. You must not use any illustration, photograph, video or audio sequence or graphics in any context different from the manner they have been presented..

You must ensure that at all times and in any context, you acknowledge us (when applicable, our identified contributors) as the authors of materials on our site..

You must not use any part of the materials on our site for commercial purposes without obtaining permission..

If you print, copy or download any part (or material) of our site in breach of these terms of use, your right to use our site will cease with immediate effect and you must, at our request, return or destroy all copies of the materials you have made. This is without prejudice to other legal rights that we may have..

REGULAR UPDATES.

It is our intention to update our site regularly, and we may change the contents in the site at any time. If the need arises, we may suspend access to our site, or close it indefinitely. Any of the material on our site may become out of date, and we are under no obligation to update the materials on our site. Updating our site is a matter that is within our sole and absolute discretion..

DISCLAIMER OF LIABILITY.

CRX CarbonBank shall not be responsible for the statements, nor conduct of any prospective Buyer during the negotiations of any sales Agreement..

Sellers confirm and accept that contracts to sell their credits have been entered into by the Sellers without any representation, warranty etc made by CRX CarbonBank, either to the Sellers or the Buyers..

CRX CarbonBank takes every precaution to pre-qualify Buyers and Sellers. We shall not be in any manner whatsoever liable to the Sellers in respect of losses suffered by the Sellers in the event a transaction fails for any reason..

CRX CarbonBank does not warrant or represent that the listing of carbon credits by the Sellers on our site are suitable for the Buyers’ requirements, or that the Sellers have the title or right to enter into sale contracts. Sellers are responsible for the legality, accuracy and completeness of the descriptions and all other terms posted on CRX CarbonBank..

CRX CarbonBank disclaims all liability for the legality, accuracy or completeness of offers or content posted by Sellers. CRX CarbonBank disclaims all liability in respect of any breach of the proposed agreement for any reason..

The materials displayed on our site are provided without any guarantee, assurance or warranty as to their absolute accuracy. To the extent permitted by law, we, members of our group of companies and all parties connected to us, hereby expressly exclude:.

· All conditions, warranties and other terms which might otherwise be implied by statute, common law or equity..

· Any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with our site or in connection with its use, or inability to use, or results of the use, or use of any website linked to it or any material posted on it, including and not limited to the following losses:.

o loss of income or revenue; o loss of business;
o loss of profits or contracts; o loss or corruption of data; o loss of goodwill;.

o wasted management or office time;.

whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable..

The aforesaid exclusion also covers our liability for death or personal injury arising from our negligence, liability for fraudulent misrepresentation whether fundamental or otherwise, and all other liability that can be excluded or limited under applicable law of any jurisdiction in the world..

INFORMATION ABOUT YOU.

We process information about you in accordance with Singapore’s Personal Data Protection Act. By using our site, you consent to such processing and you warrant that all data provided by you is accurate..

TRANSACTIONS CONCLUDED THROUGH OUR SITE.

Sales transactions formed through our site or as a result of visits made by you to our site are governed solely by the terms and conditions of the individual sales agreement agreed between the users of the site..

VIRUSES, HACKING AND OTHER OFFENCES.

You confirm and agree not to misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other materials which are malicious or technologically harmful. You confirm and.

agree not to attempt to gain unauthorised access to our site, the server on which our site is stored or any server, computer or database connected with our site. You confirm and agree not to attack our site via a denial-of-service attack or distributed denial-of service attacks..

If you carry out any of the actions aforesaid, your conduct would amount to criminal offence/s. We will report any such breach to the relevant law enforcement authorities and we will co-operate with the authorities to the fullest. In the event of such conduct, your right to use our site ceases immediately..

We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful materials that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our site or to your downloading of any material posted on it, or on any website linked to it. We will take all measures to protect the site. However, you use the site at your own risk..

APPLICABLE LAW.

Singapore courts will have exclusive jurisdiction over any claim arising from, or related to, a visit to our site..

These terms of use and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims), shall be governed by and construed in accordance with the law of Singapore..

VARIATIONS.

We may revise these terms of use at any time by amending this page. You are advised to check these terms periodically to take notice of any changes we make, as they are binding. Some of the provisions contained in these terms of use may be superseded by provisions or notices published elsewhere on our site..

YOUR CONCERNS.

If you have any concerns about material which appears on our site, or want to find out more about said terms, please contact trade@climate-resources.com.