General Terms of Participation in Velta Private Fundraising

GTP VPF

Introduction.

This document serves as a contract between Velta and subscribers to the fundraising. It establishes the legal and contractual framework applicable to the operation.

A. Legal Framework and Acceptance of Financial Risks.

Applicable Law.

The applicable law for the operation is French law. The competent court is the Judicial Court of Nice (France).

Reference Document.

The reference document for the operation is the French version. In case of doubt regarding the interpretation of the document, the French version prevails in all cases and without reserve over translations of this document.

Acceptance of Financial and Legal Risks.

i. The Velta fundraising involves the participant’s assets. The participant fully assumes the risks of the operation and the management of their assets. They declare to have been sufficiently diligent in researching information on this type of operation and understanding its risks. They acknowledge possessing sufficient mastery of the concepts to participate in it knowingly.

ii. Furthermore, participants in the private fundraising acknowledge specifically knowing the following risks and have been informed of them by Velta:

– The buying and selling of crypto-assets as a whole pose a high risk.

– Crypto-assets are subject to significant value fluctuations. A decrease in value can occur suddenly, and partial or total loss of invested capital is a possibility.

– The inherent risk in crypto-assets prevents guaranteeing a return equal to the sums invested.

– Crypto-asset prices are volatile. As such, they can rapidly rise and fall over short periods. Ensure you have sufficient knowledge before investing and that you can afford to lose the amounts you plan to invest.

– The participant is aware of the risks of scams, frauds, or cyberattacks during transactions involving crypto-assets. They assume these risks and will exercise the utmost vigilance to protect themselves from the consequences of the aforementioned risks. Furthermore, they acknowledge Velta’s lack of liability for these risks.

iii. Participants in the fundraising (Private Sale) must complete a questionnaire that allows Velta to combat money laundering.

4. Legal Conditions of Participation.

i. The participant must be of legal age in their country of residence and have full enjoyment of the assets they will engage in the fundraising. They are not subject to any guardianship or trusteeship that would invalidate their participation in the operation.

ii. No direct or indirect mandate is accepted for the operation. The existence of such a mandate automatically cancels participation with retroactive effect.

iii. Upon any doubt regarding compliance with the required conditions to participate in the private fundraising, Velta reserves the right to discretionarily refuse a person wishing to participate in the private fundraising.

B. Geographic Eligibility and Accepted Currencies.

Eligible States.

i. The fundraising is strictly reserved for nationals and residents of the states covered by the geographical scope of the operation. The list of eligible states is included in Annex I. Velta reserves the right to unilaterally exclude, without prior notice, any participant from the fundraising who violates this rule.

ii. Special Case: United States of America.

Citizens of the United States of America, as well as residents and legal entities of American law, individuals born in the territory of the United States of America, and individuals paying income tax to the United States of America are excluded from the private fundraising organized by Velta.

Accepted Currencies.

The present fundraising is deemed to be conducted in stablecoin (crypto asset) by default. The use of USD (fiat currency of the Federal Reserve System) is strictly prohibited and renders participation null and void retroactively.

C. Participation Conditions.

1. Participant’s Sworn Statement.

i. The participant declares under oath to have full possession of their public address on POLYGON at the time of their participation in the fundraising, that they themselves control their private keys, and that Velta will transfer the purchased $VTA to the public Polygon address they provided when the time comes.

ii. The participant declares to have understood that by mastering and owning their Polygon address and their portfolio of crypto assets, as well as voluntarily participating in the $VTA purchase operation, they are solely responsible for holding their $VTA tokens and cannot take contractual, tort, or quasi-tort liability against Velta.

iii. The participant declares to Velta that they have the minimum technical knowledge required to validate a « SMART CONTRACT » operation and hold $VTA in their public Polygon address.

iv. Participants in the private fundraising acknowledge being made aware of the existence of this private fundraising through contact with or through the intermediary of a member of the Velta Foundation.

v. During the course of the private fundraising, Velta may discretely adjust the unit price of $VTA upwards without affecting the prices for those who have already validated a purchase transaction for the tokens already purchased. This increase will only affect subsequent purchases.

vi. The participant acknowledges that Velta’s crypto asset $VTA confers no rights or benefits to its holders; it is a utility token (crypto asset) and not a financial instrument or « Securities ».

Registration Procedure.

Individuals wishing to participate in private fundraising must undergo identification through the KYC (Know Your Customer) procedure. The procedure requires the submission of official documents attesting to their identity.

D. Fundraising Procedure.

1. Fundraising Success Conditions.

i. The private fundraising will be declared complete only once a minimum of 3,000,000 $VTA is sold. This represents a minimum of 1% of the total number of existing $VTA.

ii. If the fundraising succeeds in raising 80% of the minimum amount, which is 431,880 $USDC out of 539,850 $USDC, the fundraising is deemed successful. If the 80% threshold is not reached or exceeded, Velta will proceed to refund the invested amounts to each participant. Velta has a period of 6 months to reach or exceed this 80% threshold.

Delivery.

Once sold in the Private Sale, $VTA tokens (crypto assets) will only be delivered to investors’ POLYGON blockchain addresses at the end of the public phases of $VTA token sales. However, buyers of $VTA will be able to see their balance in their private and personalized space.

Annex 1 to the « General Terms of Participation in Velta Private Fundraising » GTP VPF

Column 1Column 2Column 3
1. South Africa2. Algeria3. Germany
4. Andorra5. Angola6. Antigua and Barbuda
7. Saudi Arabia8. Argentina9. Armenia
10. Australia11. Austria12. Azerbaijan
13. Bahamas14. Bahrain15. Bangladesh
16. Barbados17. Belgium18. Belize
19. Benin20. Bhutan21. Bolivia
22. Botswana23. Brazil24. Brunei
25. Bulgaria26. Cambodia27. Cameroon
28. Canada29. Cape Verde30. Central African Republic
31. Chile32. Cyprus33. Colombia
34. Comoros35. Congo (Brazzaville)36. Cook Islands
37. Costa Rica38. Côte d’Ivoire39. Croatia
40. Denmark41. Djibouti42. Dominican Republic
43. Dominica44. Egypt45. United Arab Emirates
46. Ecuador47. Eritrea48. Spain
49. Estonia50. Eswatini51. Ethiopia
52. Fiji53. Finland54. France
55. Gabon56. Gambia57. Georgia
58. Ghana59. Greece60. Grenada
61. Guatemala62. Equatorial Guinea63. Guyana
64. Haiti65. Honduras66. Hungary
67. Marshall Islands68. India69. Indonesia
70. Israel71. Italy72. Jamaica
73. Japan74. Jordan75. Kazakhstan
76. Kenya77. Kyrgyzstan78. Kiribati
79. Kuwait80. Laos81. Lesotho
82. Latvia83. Lebanon84. Liechtenstein
85. Lithuania86. Luxembourg87. Madagascar
88. Malaysia89. Malawi90. Maldives
91. Mali92. Malta93. Marshall Islands
94. Mauritania95. Mauritius96. Mexico
97. Micronesia98. Moldova99. Monaco
100. Mongolia101. Montenegro102. Morocco
103. Mozambique104. Namibia105. Nauru
106. Nepal107. Nicaragua108. Niger
109. Nigeria110. Niue111. Norway
112. Oman113. Uganda114. Uzbekistan
115. Pakistan116. Palau117. Panama
118. Papua New Guinea119. Paraguay120. Netherlands
121. Peru122. Philippines123. Poland
124. Portugal125. Qatar126. Romania
127. United Kingdom128. Russia129. Rwanda
130. Saint Kitts and Nevis131. Saint Lucia132. San Marino
133. Saint Vincent and the Grenadines134. Solomon Islands135. El Salvador
136. Samoa137. São Tomé and Príncipe138. Senegal
139. Seychelles140. Sierra Leone141. Singapore
142. Slovakia143. Slovenia144. Somalia
145. South Sudan146. Sweden147. Switzerland
148. Suriname149. Tajikistan150. Tanzania
151. Chad152. Czech Republic153. Thailand
154. Timor-Leste155. Togo156. Tonga
157. Tunisia158. Turkmenistan159. Turkey
160. Tuvalu161. Uruguay162. Vanuatu
163. Vatican City164. Vietnam165. Zambia
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