ND:R Tokens T&C's


Nakedrunner Ltd Crowdfunding Terms and Conditions

INTRODUCTION

These terms and conditions (hereinafter the“Terms”), Privacy Policy and any terms and
conditions published from time to time on the Website (being www.naked-runner.com, all subdomains and all their respective pages) constitute the legal relationship and
agreement between you, the Donator, and Nakedrunner Ltd, registered in the UK with the company number 09125725 and registered office address 5 Brisbane Close, Bramhall, Stockport, Cheshire SK7 1LF, in respect of your participation in the Crowdfunding, receiving and holding
Tokens, and your use of the Website.

“Affiliate” means in respect of a person (hereinafter the“First Person”), any other person
which directly or indirectly through one or more intermediaries:
(a) Controls the First Person;
(b) is Controlled by the First Person; or currently
(c) is under common Control with the First Person.

“Bitcoin” or “BTC” means the digital currency and payment system using peertopeer
transactions verified by network nodes and recording in a public distributed ledger called the
blockchain.
“Control” or “to Control” means, with respect to any person, the possession, directly or
indirectly (including through any number of interposed persons), of the power to direct or
cause the direction of the management and policies of such person, whether through the
ownership of voting securities, by contract or otherwise and Controlled has a corresponding
meaning.
“Crowdfund” or “Crowdfunding” means the crowdfunding process contemplated by the
Prospectus by which Nakedrunner will receive Donations for the development of Nakedrunner Ltd
“Donator” means you, the legal or natural person participating in the Crowdfunding.
“Donation” means funds which Donators send to Nakedrunner in exchange for ND:R Tokens.
“Force Majeure Event” means any event or circumstance which: (1) is not within the
reasonable control of Nakedrunner or any of their subcontractors; (2) directly or indirectly and alone
or when taken together with any other such events, causes Nakedrunner to fail to deliver and (3) is not reasonably able to be prevented by nakedrunner taking reasonable precautions and cannot reasonably be circumvented by Nakedrunner
“Loss” means damages, claims, applications, loss, injuries, delays, accidents, costs, business
interruption, expenses (including, without limitation, counsel’s or legal fees or the costs of any
claim or suit), any incidental, direct, indirect, general, special, punitive, exemplary, special or
consequential damages, any loss of goodwill, profits or revenue or any other economic loss,
any loss of cryptocurrency or digital assets, any work stoppage, data loss, computer failure or
malfunction, or any other commercial or other loss.
“Operator” means any operator of Nakedrunner, engaged into the development of providing any other services requested by Nakedrunner.
“Payout” means the distributable profits of Nakedrunner attributable to the holders of Tokens.
“ND:R Token”, or “Token” means the WAVES token used in the Nakedrunner Crowdfund, it represents the proof of participation in the opportunity to receive a part of company's distributable profits
All the Token holders are eligible for obtaining Payouts according to their stakes.
“Privacy Policy” means the document describing the methods how Nakedrunner collects, uses and
releases information collected from Donators available on the Website at
“Reserved Proportions” means the proportions of the total number of Tokens provided as a
result of Crowdfunding, such proportions being the 5% reserved for Nakedrunner Ltd founders team.
“Smart Contract” means the WAVES ND:R smart contract made for Nakedrunner located at:
http://www.wavesgo.com/assets.html?Ev2sVvSqc3umNfYHrUaPkaM1WjuhdokNcL28ezmVr1yj,
“US” or “USA” means the United States of America, its territories or possessions, any state of
the United States of America or the District of Columbia.
“UTC” means Coordinated Universal Time.
“Website” means www.naked-runner t

The Crowdfunding is being conducted by Nakedrunner ltd and will take place wholly outside United
States of America.
By using the Website and participating in the Crowdfunding you agree to these terms and
conditions. Nakedrunner reserves the right to amend the terms and conditions at any time and such
amendments will be effective immediately upon publication on the Website. By continuing to
use the Website and participating in the Crowdfunding you accept such amendments.
If you do not agree to these terms and conditions, you must refrain from using the Website and
participating in the Crowdfunding.

1 Website
1.1 Nakedrunner reserves the right, at its sole and absolute discretion and without giving prior
notice, to:
(a) vary, modify, add or remove features, or amend any content on the Website. You shall be
deemed to have accepted and agreed to any such change if you access or use the Website
after the change is published on the Website;
(b) block or restrict access to, or terminate, withdraw or suspend use of the Website or any
part of the Website. No Nakedrunner Party will be liable for any Loss which may be incurred as a
result of such action.

1.2 The Website may contain hyperlinks to websites which are not maintained or controlled by
Nakedrunner. All hyperlinks to such websites are provided as a convenience to you. Use of the
hyperlinks and access to such websites is entirely at your own risk. All Nakedrunner Parties
disclaim any responsibility and liability for any third party content contained in websites linked
to on the Website and shall not be liable for any Loss arising from you accessing or using such
websites.
1.3 The inclusion of any hyperlink does not imply endorsement by Nakedrunner of such websites.
Under no circumstances shall Nakerunner be considered to be associated or affiliated in any
manner with any trade or service marks, logos, insignia or other devices used or appearing on
websites to which the Website is linked.

2 Crowdfunding
2.1 Donators will donate funds to Nakedrunner for the development of Nakedrunner ltd and will
receive Tokens in recognition of Donations.
2.2 From time to time Nakedrunner may hold a poll to elicit the opinion of Token holders. Poll
results will be taken into account in decisions made concerning the financial or technical
direction or implementation of Nakedrunner. However, the outcome of a poll will not, in any
circumstances, be binding on Nakedrunner or enforceable by Token holders, Nakedrunner reserves the right to decide on making any changes to financial or technical direction or implementation in
its sole discretion. Only valid Token holders are authorised to participate in a poll.
2.3 Tokens impart no proprietary rights or obligation or contract, express or implied, other than
the ability to receive any rewards described on the website, if Nakedrunner Ltd  is successfully
completed and deployed. In particular, Donators will not have any influence in the development
or governance of Nakedrunner Ltd or Nakedrunner Ltd . The sole and exclusive usage rights of these
intellectual property rights are held by and assigned to Nakedrunner Ltd and its nominees.
2.4 Crowdfunding will be conducted via the Website and will consist of Nakedrunner Ltd accepting
Donations and providing Tokens in recognition of such donations. Donators may donate using
the cryptocurrencies or other payment methods notified on the Website. Failure to follow the
Crowdfunding instructions on the Website may limit, delay, or prevent a Donator from
donating. Any questions about such instructions should be directed to sales@Naked-runner.com
2.5 There are no guarantees that Nakedrunner Ltd  will be delivered within any particular
timeframe, or at all.
2.6 By donating to Nakedrunner Ltd, and to the extent permitted by applicable law, you agree to not
hold any Nakedrunner Ltd  Party liable for any Loss arising out of, or in any way connected to,
your failure to properly secure and keep private your email address and any password used in
connection with Crowdfunding.

3 Creation of Tokens
3.1 Tokens will be created prior to the start of Crowdfunding and provided to Donators in a
reasonable time after receival of each Donation.
3.2 There will be 50 000 Tokens generated for the purpose of the Crowdfunding.
3.3 The funds raised from the Crowdfunding will be applied towards the marketing and
development of Nakedrunner Ltd..

4 Obligation to comply the laws of Donator’s jurisdiction
It is the responsibility of each potential Donator to determine if the Donator can legally
participate in the Crowdfunding, make donations to Nakedrunner Ltd, and receive and hold Tokens in
the Donator’s jurisdiction. Nakedrunner Ltd will not be held liable in case of any Donator's failure to
meet this condition.

5 Acceptance of Crowdfunding terms and conditions
5.1 By participating in the Crowdfunding, you expressly acknowledge and represent that you
have carefully reviewed these terms and conditions, the Prospectus, the Website and fully
understand the risks, costs, and benefits associated with Tokens and you agree to be bound
by these terms and conditions.
5.2 By using the Website and participating in the Crowdfunding you represent and warrant
that you:
(a) are legally permitted to participate in the Crowdfunding, make donations to Nakedrunner Ltd, or
receive and hold Tokens in your jurisdiction;
(b) are of a sufficient age to legally participate in the Crowdfunding, make donations to
Nakedrunner Ltd, or receive and hold Tokens;
(c) are not participating in the Crowdfunding, making donations to Nakedrunner Ltd, receiving and
holding Tokens, or exchanging any cryptocurrency for Tokens for the purpose of speculative
investment;
(d) are not participating in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and
holding Tokens for an illegal purpose;
(e) have an understanding of the usage and intricacies of cryptocurrencies, cryptographic
Tokens and blockchainbased
software systems.
5.3 Further, by using the Website and participating in the Crowdfunding you acknowledge and
agree that:
(a) you take sole responsibility for any restrictions and risks associated with participating in the
Crowdfunding, making donations to Nakedrunner Ltd, or receiving and holding Tokens, whether
referred to in these terms and conditions, arising under any applicable law or otherwise;
(b) you waive the right to participate in any class action lawsuit or any class wide arbitration
against any Nakedrunner Ltd  Party;
(c) you are participating in the Crowdfunding, making donations to Nakedrunner Ltd, and receiving and
holding Tokens to facilitate the development, testing, deployment and operation of Nakedrunner Ltd;
(d) the proposed outcomes discussed in the Prospectus or Business Model may not be achieved;
(e) Tokens may not provide the rewards envisaged;
(f) participating in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and holding
Tokens do not grant any decision making power, including (without limitation) in relation to
development, governance or the role, conduct or performance of Nakedrunner Ltd;
(g) you will not hack into, interfere with, disrupt, disable, overburden or otherwise impair the
proper working of the Website;
(h) you will not violate or attempt to violate the security of the Website;
(i) you will not access information or data which you are not authorised to access;
(j) you will promptly provide to Nakedrunner Ltd, upon request, any additional information which
Nakedrunner Ltd may consider necessary in providing services on the Website; and
(k) you will ensure that any information or content posted, or permitted or caused to be posted,
on the Website, shall be nonconfidential or nonproprietary unless expressly indicated otherwise, and not offensive, illegal under any applicable law, and that you will be responsible for all such information or content.
5.4 By using the Website and participating in the Crowdfunding you further agree to the following statements:
5.4.1 represent that I am:
(a) NOT an individual who is a resident of the United States of America, its territories or
possessions, any state of the United States of America or the District of Columbia (the “USA”);
(b) NOT a corporation, partnership or other legal entity formed under the laws of the USA;
(c) NOT an agency, branch or office located in the USA of a corporation, partnership or other
legal entity that was formed under laws other than those of the USA;
(d) NOT a trust of which any trustee is described in (a), (b) or (c) above;
(e) NOT a legal entity (i) the shares of which are not publicly traded on a securities exchange,
and (ii) more than 45% of the shares of which are owned by or for the benefit of an individual
or entity described in (a), (b), (c) or (d) above;
(f) NOT a member of any branch of the military of the USA; and
(g) NOT an agent or a fiduciary acting on behalf or for the benefit of an individual or entity
described in (a), (b), (c), (d), (e) or (f) above.
5.4.2 My decision to subscribe for Nakedrunner Ltd Tokens was:
(a) NOT based, at least in part, on information I received or communications I exchanged
while I, or the person providing the information or with whom the communication was
exchanged, was within the USA;
(b) NOT made inside the USA; and
(c) NOT communicated to Nakedrunner Ltd from a source within the USA.
5.4.3 My purchase of Nakedrunner Ltd Tokens is:
(a) made for my own account as principal;
(b) NOT made in anticipation of a further distribution of the Nakedrunner Ltd Tokens to others; and
(c) NOT preceded, and will not be followed within 2 days from the Closing Time, by any effort
to create or condition a market for the Nakedrunner Ltd Tokens in the USA.

6.1 Nakedrunner Ltd will only Crowdfund via the Website and authorized exchanges listed at the
Website. To the extent that any third party website or service, not listed among the authorized
exchanges at the Website, takes Donations to Nakedrunner Ltd, provides Tokens during the Crowdfunding, or facilitates Donations to Nakedrunner Ltd or the provision of Tokens in any way during the Crowdfunding, such third party websites or services are not in any way supported,
endorsed or sanctioned by any Nakedrunner Ltd  Party and have no relationship in any way with
Nakedrunner Ltd.

7.2 The only official and authorised Crowdfunding website URL operated by Nakedrunner Ltd is
www.naked-runner.com You must ensure that the URL of your web browser indicates that it is using
a hypertext transport protocol secure connection (“https”) and that the domain name is correct.
7.3 The list of officially authorized exchanges which are allowed to distribute the Nakedrunner Ltd
Token during the Crowdfunding is announced at the Website.
7.3 By participating in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and
holding Tokens, to the extent permitted by applicable law, you agree that no other party
(including, without limitation any Nakedrunner Ltd  Party) may be held liable for any Loss arising
out of, or in any way connected to your participation in the Crowdfunding, Donations to
Nakedrunner Ltd, or receiving and holding Tokens in any manner other than via the Website of
authorized exchanges.

8 Fraudulent attempts to double spend cryptocurrency
Nakedrunner Ltd will monitor all potential transactions for attempts to double spend any cryptocurrency or cryptographic Tokens during Crowdfunding. Any detected double spend will result in no Tokens being provided to the relevant party.

9 Warning: Do not participate in this Crowdfunding if you are not familiar with or do
not understand cryptocurrencies, cryptographic tokens, and blockchainbased
software systems.
9.1 While Nakedrunner Ltd will provide general guidelines in relation to use and storage of Tokens,
you should have a functional understanding of storage and transmission mechanisms
associated with cryptocurrencies, cryptographic tokens, and blockchainbased software
systems. While Nakedrunner Ltd will be available to assist you during and after the Crowdfunding, no
Nakedrunner Ltd  Party will be liable for any Loss arising out of, or in any way connected to any
actions taken by, or any omissions by any Donator.

10 Warning: Token price may experience extreme volatility
10.1 Cryptographic Tokens or cryptocurrencies that possess value in public markets, such as
BTC, have demonstrated extreme fluctuations in price over short periods of time on a regular
basis. You must be prepared to accept similar fluctuations in Token value. Such fluctuations
are due to market forces and represent changes in the balance of supply and demand.
Nakedrunner Ltd cannot and does not guarantee any market liquidity for Tokens. Additionally, due to
different regulatory requirements in different jurisdictions, and the inability of citizens of certain
countries to open accounts at exchanges located anywhere in the world, the liquidity of Tokens
may be markedly different in different jurisdictions.
10.2 By participating in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and
holding Tokens, you acknowledge and agree that you fully understand that Tokens may
experience volatility in pricing and liquidity, and that, to the extent permitted by applicable law,
you agree that no other party (including, without limitation any Nakedrunner Ltd  Party) may be
held liable for any Loss arising out of, or in any way connected your participation in the
Crowdfunding, Donations to Nakedrunner Ltd, or receiving and holding Tokens.

11 Warning: Receiving Tokens has a number of risks
11.1 Tokens carry risks.
Prior to receiving Tokens, you should carefully consider such risk and, to the extent necessary,
consult with an appropriately qualified advisor. If any of the following risks are unacceptable to
you, you should not accept Tokens. By participating in the Crowdfunding, making donations to
Nakedrunner Ltd, or receiving and holding Tokens, you acknowledge and agree that you understand
the risks described below and that, to the extent permitted by applicable law, you agree that no
other party (including, without limitation any Nakedrunner Ltd  Party) may be held liable for any
Loss arising out of, or in any way connected with your participation in the Crowdfunding,
Donations to Nakedrunner Ltd, or receiving and holding Tokens or such risk.
11.2 Dissolution of Nakedrunner Ltd due to a diminishment in the value of other cryptocurrencies,
cryptographic tokens, and blockchainbased software systems. Donators are using cryptographic tokens or cryptocurrencies to participate in the Crowdfunding, make donations, or receive and hold Tokens. While some of these may have been relatively stable, it is possible that their values may drop significantly in the future, which may deprive Nakedrunner Ltd of sufficient resources to continue to operate.
11.3 Regulatory action in one or more jurisdictions.
Cryptocurrencies, cryptographic tokens, and blockchainbased software systems have been
the subject of regulatory scrutiny by various regulatory bodies in numerous jurisdictions.
Nakedrunner Ltd  and Tokens could be impacted by one or more regulatory inquiries or regulatory
actions, which could impede or limit the ability of Nakedrunner Ltd to develop Nakedrunner Ltd .
11.4 Theft. Hackers or other groups or organisations may attempt to steal Tokens.
11.5 Weaknesses or exploitable breakthroughs in the field of cryptography.
Cryptography is a rapidly developing field with advances in code cracking and technical
advances, which could present a risk to Nakedrunner Ltd Crowdfunding campaign and potentially
result in the theft or loss of Tokens. To the extent possible, Nakedrunner Ltd intends to update the
protocol underlying Nakedrunner Ltd  to account for any advances in cryptography and to
incorporate additional security measures, but it cannot predict the future of cryptography or the
success of any future security updates.

12 Cancellation and refund policy
12.1 By participating in the Crowdfund, you acknowledge that Nakedrunner Ltd is not required to
provide a refund for any reason, and that you will not receive money or other compensation in
lieu of a refund, and you consent to no right of withdrawal from the Crowdfund.
12.2 All Donations to Nakedrunner Ltd are final and nonrefundable

13 Taxation
13.1 Nakedrunner Ltd makes no representations concerning the tax implications of participating in the
Crowdfunding, making donations to Nakedrunner Ltd, or receiving and holding Tokens.
13.2 You bear the sole responsibility for determining or assessing the tax implications of your
participation in the Crowdfunding, Donations to Nakedrunner Ltd, or receiving and holding Tokens in all respects and in any relevant jurisdiction.
13.3 By participating in the Crowdfunding, making donations, or receiving and holding Tokens,
to the extent permitted by applicable law, you agree that no other party (including, without
limitation any Nakedrunner Ltd  Party) may be held liable for any Loss arising out of, or in any way
connected to, any tax liability you may incur in connection with your participation in the
Crowdfunding, Donations to Nakedrunner Ltd, or receiving and holding Tokens.

14 Privacy
14.1 Except as otherwise provided in these terms and conditions, Privacy Policy or on the
Website, Nakedrunner Ltd will not publish any identifying information relating to you without your prior
written consent.
14.2 Donators may be contacted by Nakedrunner Ltd regarding the Crowdfunding before, during and
after the Crowdfunding.
14.3 Nakedrunner Ltd may request additional information from Donators if such information is required
by applicable laws or required to provide any technical support requested by the Donator.

15 Intellectual property
15.1 Unless otherwise stated, the content and information on the Website are the property of
Nakedrunner Ltd  Parties or other parties. You may not download, reproduce, or retransmit any
information, other than for noncommercialindividual use. This Website is to be used by the
Donators only. You, the Donator are granted a limited, nontransferable,revocable license to
view and copy the information solely for personal use only.
15.2 All intellectual property rights comprised in the information, text, graphics, logos, images,
audio clips, data compilations, scripts, software, technology, sound or any other materials or
works found in the Website shall vest in and remain property of Nakedrunner Ltd. You are permitted to
download and print such materials from the Website for personal and noncommercial
use provided that you do not breach these terms and conditions.

16 US citizens
16.1 Tokens are not offered to US residents or citizens.
16.2 By participating in the Crowdfunding, making donations, or receiving and holding Tokens
you represent and warrant that you are not a US resident or citizen, and all the
representations as laid out in clause 8.4 are true and accurate.

17 Cooperation with legal authorities
Nakedrunner Ltd will cooperate with all law enforcement inquiries, subpoenas, or requests provided
they are fully supported and documented by the law in the relevant jurisdiction.

18 Jurisdiction of the Crowdfund
The legal entity conducting the Crowdfunding, Nakedrunner Ltd is registered in the
United Kingdom, under the laws of the Great Britain.

19 “Know your customer” and “Antimoney laundering”
Nakedrunner Ltd reserves the right to conduct “Know your customer” and “Antimoney
laundering” checks on Donators if it becomes required by the applicable laws.

20 Force majeure
No Nakedrunner Ltd  Party is liable in any way for failure to perform due to any Force Majeure
Event. By participating in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and
holding Tokens, to the extent permitted by applicable law, you agree that no other party
(including, without limitation any Nakedrunner Ltd  Party) may be held liable for any Loss arising
out of, or in any way connected to, any Force Majeure Event.

21 Complete agreement
21.1 These terms and conditions together with any terms and conditions published from time
to time on the Website, set out the entire understanding between each Donator and Nakedrunner Ltd
and any other Nakedrunner Ltd  Party in relation to your participation in the Crowdfunding,
Donations to Nakedrunner Ltd, or receiving and holding Tokens.
21.2 To the extent this document conflicts with the Website or any other document, including
but not limited to the Prospectus, this document prevails.
21.3 To the extent that these terms and conditions, any terms and conditions published from
time to time on the Website, the Prospectus conflict with translated copies, the English version
prevails.

22 Severability
If any provision of these terms and conditions is found illegal or unenforceable, in whole or in
part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such
determination of invalidity or unenforceability without affecting the validity or enforceability
thereof in any other manner or jurisdiction and without affecting the remaining provisions,
which shall continue in full force and effect.

23 No waiver
The failure of Nakedrunner Ltd to require or enforce strict performance of any provision of these terms
and conditions or Nakedrunner Ltd’ failure to exercise any right under these terms and conditions shall
not be construed as a waiver or relinquishment of Nakedrunner Ltd’ right to assert or rely upon any
such provision or right (or any other provision and/or right contained this document in its
entirety, as the case may be) in that or any other instance. The express waiver by Nakedrunner Ltd of
any provision, condition, or requirement of these terms and conditions shall not constitute a
waiver of any future obligation to comply with such provision, condition or requirement. Except
as expressly and specifically set out in these terms and conditions, no representations,
statements, consents, waivers, or other acts or omissions by Nakedrunner Ltd shall be deemed a
modification of these terms and conditions or be legally binding.

24 Disclaimer of warranties
24.1 The Donator expressly agrees that the Donator is participating Crowdfunding, making
donations to Nakedrunner Ltd, and receiving and holding Tokens at their own risk and that Tokens are
provided on an “as is” basis without warranties of any kind, either express or implied, including,
but not limited to, warranties of title or implied warranties, merchantability or fitness for a
particular purpose (except only to the extent prohibited under applicable law).
24.2 Without limiting clause 31.1, Nakedrunner Ltd does not warrant that the process for participating
in the Crowdfunding, making donations to Nakedrunner Ltd, or receiving and holding Tokens will be
uninterrupted or error free.

25 Exclusion of liability
No Nakedrunner Ltd  Party will be liable (whether in an action in negligence, contract or tort
based on a warranty or otherwise) for any Loss even if Nakedrunner Ltd or its representatives, or any
Nakedrunner Ltd Party are advised of the possibility of such Loss, howsoever caused as a result,
directly or indirectly, of or arising from or in connection with:
(a) your participation in the Crowdfunding, Donations to Nakedrunner Ltd, receiving and holding
Tokens;
(b) any access, the use of, or inability to access or use, the Website;
(c) your reliance on or use of or inability to use the content and information of the Website or
any linked website;
(d) any failure of performance, error, omission, interruption, defect, delay in operation or
transmission, computer virus or line or system failure of the Website or any linked website;
(e) the cost of procurement of substitute goods and services resulting from any goods, data,
information or services purchased or obtained or messages received or transactions entered
into through or from the Website;
(f) unauthorised access to or alteration of your transmissions or data;
(g) statements or conduct of any third party on the Website; or
(h) any other matter relating to the Website.

26 Indemnity
You will indemnify Nakedrunner Ltd  Parties, from and against all Loss in any way arising out of
your participation in the Crowdfunding, Donations to Nakedrunner Ltd, or receiving and holding
Tokens, or your use of the Website.

26.1 By participating in the Crowdfunding, making donations to Nakedrunner Ltd, receiving and holding Tokens, or using the Website, you acknowledge and agree that you fully understand and
accept the risks and to the extent permitted by applicable law, you agree that
no other party (including, without limitation any Nakedrunner Ltd  Party) will be held liable for any
Loss arising out of, or in any way connected with your participation in the Crowdfunding,
Donations to Nakedrunner Ltd, receiving or holding Tokens or use of the Website.

27 Acknowledgement
Usage and receiving Tokens may carry financial risk. You acknowledge and agree that in no
event shall any Nakedrunner Ltd  Party be liable or responsible for any Loss in any way arising
out of your participation in the Crowdfunding, Donations to Nakedrunner Ltd, receiving and holding
Tokens, or use of the Website and all Nakedrunner Ltd  Parties are hereby released by the
Donator from liability for any and all such Loss.

28 Governing law
This document shall be governed by the laws of the United Kingdom. The courts of England
shall have exclusive jurisdiction over any and all disputes arising out of this document.

The Tokens have not been and will not be registered under the United States Securies Act of 1933, as amended (the “Securies Act”), and
may not be offered or sold in the United States or to or for the benefit of US persons (as defined in Regulaon S under the Securies Act)
unless they are so registered, or an exempon from the registraon requirements of the Securies Act is available. One such exempon
allows the resale of Tokens purchased for their own account and for investment purposes only by investors who (i) are not otherwise
affiliated with the Nakedrunner Ltd Foundaon, (ii) have been exposed for some me to the economic risks that ownership of Tokens entails, and
(iii) are not part of the distribuon of the Tokens.