Terms and Conditions

1. This Agreement is intended to prescribe the basic matters between the Member/Customer/User and the Master & S, Inc. (dba, EMET Exchange), (Collectively, herein after the “Company”, “we” or “us”). For corporate members, please check the provisions of Article 18 of this terms and conditions.
2. The company restricts the use of services by minors or those with limited ability. If the company confirms that a minor or a limited person has joined as a member, the company may withdraw the member without the consent of the member.
3. If the accessor accesses the company’s mobile/web page or application by entering information matching the member’s account, password, or login information provided to the company to use the company’s services, all transactions conducted during the period of access shall be deemed to be due to the member’s true intention. Therefore, the member shall maintain security of account, password, and other information and be careful of damage caused by financial accidents or crimes that may occur due to personal information leakage due to reasons attributable to him/her.
4. Crypto-Currency (hereinafter referred to as ‘crypto-currency’) does not exist, so it is internal and external (including the company) in and outside Wyoming,USA. No third party warrants value or payment. Therefore, the value of crypto-currency can be very volatile depending on the laws of countries around the world, including the United States of America, the policies of countries around the world including the United States of America, the authoritative interpretation, and the economic environment. In particular, the interpretation of legal actions on the transaction of crypto-currency is different from country to country, so the member must pay attention to this point because of the inherent risk of different legal currency.
5. EMET EXCHANGE Transaction Service is a service that a member can trade a crypto with another member, send a member’s crypto stored in an electronic wallet on the EMET EXCHANGE to another electronic wallet through a block chain network, or receive it from another electronic wallet to another member’s electronic wallet on the EMET EXCHANGE. Currently, the block chain technology is considered impossible to modify by a third party, but it can be changed at any time due to the development of the technology or other unforeseen circumstances.
6. When a member uses the company’s service to trade in a crypto, the transaction details of the crypto are recorded in the EMET-EXCHANGE transaction service system. The company receives a certain fee for transactions made during the process of trading in EMET-EXCHANGE.
7. When a member sends or receives a crypto using the company’s service, the transaction details of the crypto is recorded in the block chain network so that users of the world’s crypto can check the authenticity of the transaction, and in the process, a certain fee shall be paid to the miner. At this time, the company pays the member to the miner, and if the mining difficulty increases or the transmission waiting demand exceeds the demand for mining supply, the miner will first mine the block chain, which pays the higher fee, so the company’s fee to the miner is variable.
8. The company strives to provide 365 days and 24 hours of service, but this is not guaranteed. In the event that the member’s illegal activities cause the service to be suspended or an error in the service occurs, the company resolves the problem and resumes the service. At this time, the member may request the company to recover to the actual record of the crypto based on the transaction record held by the company.
9. Recently, there have been cases of using cryptography as a means of telecommunications financial fraud such as smishing and farming. Therefore, the member must take care not to cause any damage caused by telecommunication financial fraud. If the investigation of the investigation agency, judicial agency, administrative agency, or other public power is conducted due to the telecommunication financial fraud and it is necessary to freeze the account and electronic wallet, the company can freeze the account and electronic wallet without the consent of the member.
10. In the event of damage to the company due to illegal acts of the member, the company may exercise its right to claim damages under the law. Therefore, please make sure to use the company’s service in accordance with the law.
11. Since the transaction of the crypto is carried out at each exchange in each country, including USA, the member shall evaluate the value of the crypto subject to the transaction by checking the market price and the market price of the other exchange under his/her responsibility and expense. In particular, other exchanges, including IM EXCHANGE transaction services, can inspect servers at any time, so there may be a sharp difference between the prices before and after the server inspection. Therefore, it is necessary to assess whether the market price formed in IM EXCHANGE transaction service appropriately reflects the value of the crypto when the market price of the crypto is rapidly or rapidly falling.
12. The company shall not compensate or compensate for damages caused by non-company-related circumstances, such as a failure due to reasons attributable to operators or members, including key telecommunication businesses under the ANY RELATED LAWS AND REGULATIONS OF THE COUNTRIES, or a defect on a block chain based on a crypto.
13. The company can check the server at any time for stable service provision, and the members can trade the crypto after the server inspection is completed. In particular, if there is a concern that damage may occur to a member due to a computer failure, etc. due to a large number of orders, emergency inspection is carried out to the minimum extent necessary to prevent damage that may occur to the member due to an error in the transaction system.

Basic terms and conditions Version 1.0

• Announcement date : 9/1/2021
• Implementation date : 9/1/2021

Chapter I General Provisions

Article 1 (Purpose)

The purpose of this Terms and Conditions is to prescribe basic matters such as rights, obligations, responsibilities, conditions and procedures between the company and its members/customers/users necessary for the use of transaction services.

Article 2 (state, effect, and alteration of terms and conditions)

1. The contents of these Terms and Conditions shall be effective by posting them on the company’s mobile and web pages (aa>https://emetexchange.com) or by other means, and by the customer agreeing to these Terms and Conditions and joining the company as a member.
2. The Company may, if necessary, change these Terms and Conditions to the extent that they do not violate the relevant statutes. If these terms and conditions are changed, the company will notify the change by the method referred to in paragraph 1 from 7 days before the effective date.
3. Although the company publicly notified the revised terms and conditions in accordance with the previous paragraph and clearly notified the members that it approved the amendment if the members did not show their intention to reject it seven days after the date of notification and the date of implementation of the revised agreement, if there is no sign of rejection by the members, the revised agreement shall be deemed to have been approved. If a member does not agree to the revised terms and conditions, the member may terminate the service contract pursuant to Article 12 paragraph 1. Separately, the company may withdraw the member.

Article 3 (Article of Terms and Conditions)

Matters not prescribed in this Agreement shall be governed by the provisions of the relevant statutes of the Wyoming, USA or the individual terms and conditions of service, operation policies and rules prescribed by the company (hereinafter referred to as “detailed guidelines”). In addition, if the terms and conditions and the details of the detailed instructions conflict, they shall comply with the detailed guidelines.

Chapter 2 Account and Management

Article 4 (Creating an Account)

1. ‘Account (ID)’ is a combination of pre-registered characters, special characters, numbers, etc. to identify members in the service, and this service marks them as an email address. If a member agrees to these terms and conditions and registers the member’s account and password, and if necessary, the member complies with the self-certification procedure through the email address or mobile phone number identification service required by the company, the company will create a procedure in which the member approves the membership.
2. If a member needs an account to use the service, the member shall use the account created by stating his or her true information, and shall not violate the relevant statutes by stealing or equivalent personal information of others. In order to check whether the information provided by the members is consistent with the facts, the company may request real-name verification or self-certification through specialized institutions within the extent permitted by the statutes.
3. The company may request separate consent for individual service terms and conditions in the detailed guidelines for specific services provided by the company. In this case, the members can freely agree to the terms and conditions of individual service in one account and use the individual services within the agreed scope.
4. If you agree to these terms and conditions and sign up for the service, the member may use the company’s EMET EXCHANGE transaction service.

Article 5 (refusal and withholding of account creation)

1. The company may refuse to accept the customer’s account creation in the following cases, especially minors or restricted persons may not create an account.
   • ①  When the company deletes a member’s account
   • ②  When a member intends to create an account using personal information, such as another person’s name or email address
   • ③  If you do not enter the necessary information or enter false information when creating an account
   • ④  Where there is a significant risk that the use of this service constitutes or constitutes a violation of the Act in accordance with laws other than USA which are effective in the place of residence of the member
   • ⑤  In case it is confirmed that a minor or limited person has joined the membership without the consent of his/her legal representative
   • ⑥  Where it is confirmed that a member has violated laws and regulations of the USA in the course of using the service
   • ⑦  Where it is confirmed that the damages caused by telecommunication financial fraud, etc., have been deposited or withdrawn as a tool such as telecommunication financial fraud, etc.
   • ⑧  Apply for withdrawal even though an account has been created upon the member’s application, or apply for the same account even though the withdrawal process has been completed, etc.
   • ⑨  Where it is deemed that the member’s personal information has been leaked or leaked
   • ⑩  In the event that a member’s illegal act in the course of using the service has caused damage to the company
   • ⑪  Where the company is unable to create a new account due to the establishment, modification, abolition, etc. of policies of the USA government and its affiliated organizations
   • ⑫  Where there is a significant concern that the company’s act of accepting the creation of a member’s account will be recognized as an act of violation of the laws of the USA
2. When a member is found to have created an account in violation of any of the subparagraphs of paragraph (1), the company may immediately suspend the member’s service use or terminate the service contract.
3. In the following cases, the company may suspend or reject the creation of the member’s account despite the member’s application for the account.
   • ①  In case there is no realistic margin for service facilities available
   • ②  If it is deemed that there is a problem with the technical aspects of providing the service
   • ③  Where other companies recognize that they need financial and technical reserves
   • ④  Where a member’s service contract is terminated in violation of these terms and conditions in the course of using past services

Article 6 (Management of Accounts)

1. The account can only be used by the member himself, and under no circumstances shall another person be allowed to use the member’s account. And the member shall directly manage the password so that other people cannot use the member’s account without permission. As soon as a member discovers unauthorized use, the member shall notify the company through the customer center, and the company may immediately take measures such as discontinuing the use of the account.
2. The member can view and modify the member’s information through the settings screen in the service. However, some information that can identify the account, phone number, and individuals required for the provision and management of the service may not be modified. When there is a change in the details notified when applying for service use, the member shall directly modify the changed information within the service or request the company to update the changed information through e-mail or the customer center, and keep the latest information.
3. If the account and password registered by the member are identical to those registered by the company, the company considers the user as a member without a separate confirmation procedure.
4. If the member’s account information is stolen by a third party and used for illegal activities without the cause attributable to the company, the member may be liable for damages to the person who has suffered damages due to illegal acts, including victims of telecommunication financial fraud, so please pay special attention.
5. Although the company notifies the members of the e-mail, telephone number, etc. in the service information of the members of the company of important details of the service contract, the member shall bear the disadvantages caused by the member’s failure to fulfill his/her obligations under paragraph (2).
6. In order to comply with the real-name deposit and withdrawal account system implemented as part of the USA government’s regulation of the crypto market, the company implements the one-account policy for each member. The member must use an account under his or her name and cannot use more than one account without agreement with the company.

Chapter 3 Utilization of Services

Article 7 (Providing and Changing Services)

1. The company provides various services such as bulletin board service and EMET EXCHANGE transaction service that members can enjoy on the Internet and mobile. The members can access mobile/web pages and applications to access the service.
2. Among the various services provided to members, the company may request the consent of individual service terms and conditions if the related statutes or technical needs are required, depending on the nature of the service. In this case, the member may use the individual services according to the terms and conditions of his/her consent.
3. For better service, the company can display various information related to the use of the service to the members, including notices, management messages, and other advertisements, or send them directly to the members’ e-mail, SMS, etc.
4. If a system error occurs, including individual programs, during service use, the company can delete the wrong information, etc. caused by the error, restore or display the actual information, and in some cases, it can be reset to a specific visual transaction information just before the error occurs. At this time, if incorrect information displayed at the time of recognition of a system error is changed, the member may exercise his or her rights or obligations based on services based on actual information, as the error is corrected and actual information is displayed.
5. Communication and financial expenses incurred in the process of using the service by the member have nothing to do with the company in return for the use of the communication and financial services used by the member.

Article 8 (How to Use Services and Attention Points)

1. The members can freely use the service, but the service may be restricted to the extent below.
   • ①  A member shall not interfere with the company’s service provision and shall not use the service in any other way than the company allows.
   • ②  Unauthorized collection and use of information from other service users, use of the service for business or business purposes of the member (exceptionally permitted only if a separate contract is entered into with the company), sending or posting information in violation of the public domain and statutes, lending or transferring information on criminal acts, account information, and providing collateral are prohibited.
   • ③  Copying, modifying, distributing, selling, transferring, lending, or providing collateral to others, and copying, disassembling, copying, or otherwise modifying the service, such as reversing the software or attempting to extract the source code, are prohibited.
   • ④  A member shall not commit any act in violation of the statutes of the USA or the statutes governing the residence of the member.
2. The member shall not lend, transfer, give, or provide other contractual status of the service to another person, and the company shall not be responsible for any disadvantage arising from the service use.
3. If a member fails to comply with the relevant statutes, all terms and conditions or policies of the company, the company may investigate the member’s violation or suspend the member’s service use temporarily or continuously, and restrict the member’s re-entry into the service.
4. The company may destroy or keep the member’s information separately after notification by other valid means, such as e-mail, SMS, etc. registered by the member, if there is no record of the member logging in or accessing the service for the period prescribed by the statutes, and the service contract may be terminated if there is not enough essential information for the service use. In addition, if a member fails to log in to the service for more than a certain period of time, the company may request additional information necessary for the member’s use of the service in order to prevent damage caused by the member’s account being stolen, etc., especially if the member fails to log in for more than 12 months, the company may initiate procedures for suspension of the account pursuant to Article 17 (4).
5. If a member resides in a place where he/she is likely to violate or violate local laws, he/she shall confirm that he/she may experience disadvantages in using his/her services. In particular, if the company identifies the place where the member resides and it is concerned that the member’s use of the service constitutes a violation of local laws (such as the commencement of an investigation by an internal and external investigation agency into the member’s use of the service), the company may immediately begin procedures for suspension of the account despite the provisions of Article 17 (4).
6. Notwithstanding the provisions of Article 17 (4), the company may freeze the relevant account and electronic wallet without the consent of the members and initiate procedures for suspension of the account if the court orders, request for cooperation in investigation by the investigative agency, and the government agency requests the freezing of the member’s account and electronic wallet in writing.

Article 9 (The attribution of rights and the use of works)

1. The members may post the contents (hereinafter referred to as “posts”) such as photos, writings, information, (Dong) videos, and opinions or suggestions on the service (hereinafter referred to as “posts”) according to the method allowed by the company.
2. If the company determines that a member’s post violates the statutes and service policies, it may delete it or refuse to publish it. However, since the company is not obliged to review all posts, the member may request the company to review the posts if he finds a post that violates the members’ rights.
3. When a member posts a post expressing contents that are in violation of statutes and service policies, the member shall bear all legal or non-legal responsibilities. In order for a member to use other members’ contents, he/she shall obtain a separate permission from the content owner.

Article 10 (Using paid services)

1. The company provides the service free of charge, but some services can be provided with a fee. For example, a member can post a post free of charge, but if he uses EMET EXCHANGE transaction service, he or she must pay the company for using the service.
2. When a member uses paid services provided by the company, the member shall pay the price for using the service in the manner determined by the company. In the case of a service where regular payment is made, payment is made every month unless the member directly stops using the service and requests cancellation of the regular payment is made every month.
3. The company may additionally request the personal information of the members necessary for the performance of the payment, and the members shall provide the personal information required by the company accurately.
4. Even if a member requests a refund of the service charge due to reasons attributable to the member, if the paid service provided by the company is a service that completes the use or purchase of the service only once after payment, the refund is not possible after using the service. In addition, if a member violates this Agreement and the company restricts the member’s use of the service or terminates the contract, the company shall not be obliged to refund the member.
5. Notwithstanding the provisions of paragraph (4), the company will refund the member’s payment of the gold in the following cases:
   • ①  In the case a member fails to use the service at all due to reasons attributable to the company.
   • ②  In case the service requested by the member is not provided at all
6. The member may raise an objection to the usage fee. However, the objection to the usage fee shall be raised within one month from the date on which the reason is known and within three months from the date on which the reason occurs. If the member fails to raise an objection within the above period, the right to the member’s objection shall expire.
7. In the case of overcharge or full refund, the company will refund the amount in the same way as the payment. However, in the case of partial refunds due to the cancellation of the service in the same way, the refund will be made in a separate way as determined by the company.
8. In the event of a conflict between the provisions of this Agreement and the contents of the individual Terms of Service, the provisions of each of these Terms and Conditions shall apply.

Article 11 (Using, changing, and terminating services))

1. The company does its best to provide the service 24 hours a day, 365 days a year. However, the service may be temporarily suspended due to regular or temporary inspections or other substantial reasons for maintenance and repair of the equipment, and the service is notified in advance on the service delivery screen. If the service goes down for unforeseen reasons, the company will try to recover the service as soon as possible as the company understands the situation.
2. The contents of the service may be changed or the service may be terminated due to the termination or modification of the contract with the subcontractor of the company contracted for the service provision of the company or the commencement of a new service. The company posts the service change or termination on the initial screen of the service or the screen of individual services or the notice column.

Article 12 (Cancellation of Use Contracts)

1. If a member does not want to use the service or does not agree to this Agreement, the member may apply for the termination of the service contract at any time using the menu or the customer center provided in the service, and the company shall process the cancellation of the service contract and withdraw the member as prescribed by the statutes. However, the company shall not be held liable for damages incurred to the members without intention or negligence of the company in the process of terminating the service contract upon the member’s application.
2. If a member violates his/her obligation more than once, including his/her obligations under this Agreement or the obligations prescribed in the individual terms and conditions of suspension or restriction on the use of the service provided by the company, and if the conditions for the suspension or lifting of the restriction on the use of the service are not fulfilled due to the member’s violation of this Agreement, the company may commence the procedures prescribed in Article 17 (4) or terminate the service contract in advance.
3. In the event that the service contract is terminated, the company deletes the member’s information except in the case of holding the member’s information in accordance with the statutes and the privacy policy. In this case, the member cannot request the provision of member information held by the company.
4. In the case of using a paid service contract, the member can only receive a refund as prescribed in Article 10 of this Agreement, but cannot request a refund in any other way. However, if the individual terms and conditions of the service stipulate different methods and effects of termination of the contract from this agreement, they shall comply with the provisions of each individual agreement.
5. Even if the service contract is terminated, the member may request the company to sign the service contract again. However, the time limit and the limitation under this Agreement may follow in concluding the service contract again.

Article 13 (Protection of Personal Information)

The member’s personal information is used only for the purposes and scope agreed by the member for the smooth provision of the service. The company shall not provide the members’ personal information to third parties unless the members agree otherwise or by law. Details of this matter are determined by the Privacy Policy.

Chapter 4 Explanation of Services

Article 14 (Definitions of Terms)

The definitions of terms used in this chapter are as follows (as far as this chapter permits, the terms used in this Agreement shall be in accordance with the definitions in Article 14), and the definitions not defined in this section shall be in accordance with the definitions in the same industry of the business in which the Company operates and the terms corresponding thereto. However, if there is no legal definition in the USA regarding crypto-currency, please note that the definition under this section does not guarantee the legal nature of the crypto-currency and the unestablished interpretation of the law, and that even if there is a dispute between the parties to which this Agreement applies, government agencies and law enforcement agencies in the USA are not bound by the definition of the terms prescribed in this Agreement.

1. Cryptocurrency: Information that exists electronically in the underlying blockchain network, such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), etc.

Article 15 (Contents of EMET EXCHANGE Transaction Services)

1. The company provides a service (hereinafter referred to as ‘EMET EXCHANGE Transaction Service’) in which members can trade Bitcoin (BTC), ETH, IMC, etc, and equivalent cryptography (hereinafter referred to as ‘encryptocurrency’) in the company’s mobile/webpage and application.
2. The company may provide the following services by incidental to EMET EXCHANGE transaction services.
   • ①  Cryptocurrency related information
   • ②  Providing information on electronic wallets, such as balance of electronic wallet, details of tightening, and orderable range
   • ③  Cryptocurrency sales orders
   • ④  Cryptocurrency Transmission Service
   • ⑤  Other services provided by the company
3. The company provides the members with the following services so that the members can use the services referred to in paragraph 1.
   • ①  USD transaction wallet
   • ②  Electronic wallet that a member has applied to use among the electronic wallet of the company’s crypto.
4. The members shall use EMET EXCHANGE transaction services in a way that is allowed by the services provided by the company.
5. The company may provide a separate service that is appended to EMET EXCHANGE transaction service, and matters concerning this service shall be stipulated in the individual terms and conditions of the service.
6. The company may change or discontinue EMET EXCHANGE transaction services if it is inevitable due to the company’s circumstances and the enactment or revision of related statutes.

Article 15-2 (Contents of Node Service)

1. Depending on the characteristics of the block chain, the company provides a service (hereinafter referred to as the “node service”) that provides members with compensation arising from such participation by participating in specific activities required by the block chain of the corresponding crypto using a specific crypto stored on the EMET EXCHANGE.
2. Node service is a service provided by the company so that when a member holds a specific crypto on the EMET EXCHANGE, he or she can receive compensation in accordance with the rules of the block chain of the relevant crypto. In no case shall the company guarantee the payment of principal/investment or equivalent money to the node service to the member or make no profit agreement.
3. The company can apply the details of the node service differently for each crypto, and the company publishes the details of the use of node service among the company’s mobile/web pages and applications.
4. Cryptocurrency of members who have agreed to use this Agreement or node service will participate in node service in a lump for all crypto-currency subject to node service, and in the case of changes in the crypto-currency subject to node service in the future, they will participate in node service in a lump.
5. Although there may be a certain period of time restrictions on the deposit and withdrawal function of the crypto participating in the node service according to the policy of the crypto-currency, the company prepares the member to take immediate action against the member’s usual request for withdrawal without participating in the node service.
6. The company may change or discontinue the contents of the node service in inevitable circumstances, such as the company’s assessment, enactment or amendment of related statutes, and changes in the block chain related to node service.

Article 16 (How EMET EXCHANGE Transaction Service is used and its consideration)

1. The company provides a service to trade crypto-currency at agreed transaction prices (including market prices and designated prices) among its members.
2. Depending on the method of use of the service provided by the company, the member enters a sale or purchase order by designating a certain desired price (or market price) for the crypto he/she holds in the electronic wallet, and the member enters into a sales contract as soon as the intention of trading with other members is met with the entered order. In this case, despite the conclusion of the contract due to a failure in the communication technology, the member’s terminal may temporarily be delayed from reflecting the conclusion of the contract, so please use the service in a smooth communication environment.
3. Depending on the method of use of the service provided by the company, the member can send the crypto in the electronic wallet to a third party or receive it by electronic wallet from a third party. In this case, the transaction is completed after the time required to implement the necessary procedures within the block chain to which the crypto belongs. The company only carries out the work of transmitting the crypto to the electronic wallet designated by the member, and the transmission of the crypto is carried out in the block chain network that is not related to the company. In the process, the estimated fee paid to the miner is paid by the miner, and the fee paid to the miner is variable according to the demand for waiting for transmission and supply of the miner (when the difficulty of the extraction exceeds the mining, the demand).
4. In the event of the following circumstances, the company may cancel transactions, such as sales and other transactions under paragraphs 2 and 3, and restore them to their original state.

Reasons for cancellation	Action	Recital
Abnormal use of EMET EXCHANGE trading services by members	Cancellation and reinstatement of individual transaction details directly related to abnormal use behavior.
The hacking of third parties other than members or the equivalent situation.	Cancellation and reinstatement of all transactions that have occurred since the hacking or equivalent situation occurred.
Error in EMET EXCHANGE Trading Service System	Cancellation and restoration of all transactions that occurred since the time of the system failure.
Service failure caused by attributable reasons of telecommunication and security service providers	Cancellation and reinstatement of all transactions that have occurred since the time of the service failure
The act of manipulating the market price, etc. to gain unfair profits from the members, disrupting the order of the market, or suspected of doing business for crimes.	Cancellation of the entire transaction details of the account used for the action and restoration to its original state	In this case, the member’s right to use the account will be revoked, and the company can arbitrarily liquidate all of the members’ crypto balances. << In this case, the company shall not be liable for any loss or gain to the members in accordance with the company’s actions.

5. The member shall pay the company for the use of EMET EXCHANGE transaction services. The payment for the use of EMET EXCHANGE transaction service is specified in the company’s mobile/web page and application, and the company may revise and disclose the price for the use at any time depending on the market and company’s situation, and may profit from the date of effect specified at the date of disclosure.

Article 16-2 (How to Use and Cost of Node Service)

1. The company provides node services so that members can participate in the block chain using the encryption stored in the electronic wallet of the EMET EXCHANGE according to the functions implemented in the block chain of a specific crypto.
2. The company can utilize the entire specific crypto held in the EMET EXCHANGE electronic wallet to participate in the node service.
3. The members agree to provide the node service of EMET EXCHANGE with respect to the crypto by holding a specific crypto stored in the member’s electronic wallet on the EMET EXCHANGE. However, the company may provide node service only to members with separate consent, depending on the nature of the node service-related block chain.
4. The member may refuse the node service provided by the company by means of moving the crypto stored in the electronic wallet of the EMET EXCHANGE to the electronic wallet rather than the electronic wallet of the EMET EXCHANGE, or by the company’s guidance (depending on the nature of the node service-related block chain).
5. The company may cancel the compensation paid due to node service and restore it to its original state in the event of the following circumstances.

Reasons for suspension of compensation payments	Action	Recital
Abnormal utilization of members’ node services	Cancellation of compensation payments and reinstatement directly related to abnormal use behavior
Blockchain system error with node service	o    ①   Cancellation of payment and reinstatement of back-to-back compensation due to system error o    ②   Payment of compensation will be suspended until the system error is resolved (deferred losses will not be paid).	In principle, it shall comply with the decision on the block chain, but shall comply with the provisions of the relevant statutes if the decision is in violation of the relevant statutes.
Service failure due to attributable reasons of telecommunication and security service providers	o    ①   Cancellation of payment and reinstatement of compensation due to the disability o    ②   Hold compensation until fault resolution
compensation less than the minimum monetary unit for node service	calculation by cutting off
Error in Node Service System	o    ①   Cancellation of payment and reinstatement of back-to-back compensation due to system error o    ②   Hold compensation until applicable system errors are resolved

6. The Company may deduct the expenses incurred in providing the Node Service to the Member from the remuneration paid to the Member. The company discloses the details of the deduction for the cost, etc. of providing the node service in the company’s mobile/web page and in the details regarding the use of node services. The company may revise and disclose expenses and deductions at any time depending on the market and company’s situation, and apply the revised costs and deductions from the date of effectuation specified at the date of disclosure.

Article 17 (Restrictions and precautions on the use of services)

1. The company may restrict the members’ service use according to the criteria below. In this case, the company shall notify the members by e-mail, SMS, etc. based on the member’s information by setting the reason, date, and period, and the members may file an objection for seven days from the date of notification.

Classification	Reasons for suspension	Releasing condition	Stop effect
Service restriction (non-login service not available)	o     •   Unknown (contact) name o     •   Where it is confirmed that a member is a minor or a person with limited capacity under civil law o     •   Hacking/fraud incidents (referred to as relevant details when requesting emergency restrictions) o     •   persons involved in the accident (or those who have reasonable grounds to suspect that they are related) o     •   Payment security continuous error o     •   withdrawal application o     •   Where used for criminal acts applying for withdrawal o     •   Where the act of manipulating the market price, disrupting the order of the market, etc. in order to gain unfair profits o     •   Other cases where an administrator determines that normal service delivery is caused by a serious failure (DDos, including, and not limited to, traffic generated by mining, etc.).	Resolving the reason for suspension or judging the manager
login limit	o     •   Password continuous error o     •   Hacking/fraud incidents o     •   In case of suspected theft of a person o     •   Where there is a request from the court or government agencies o     •   Where there is a suspicion of fraudulent use, such as refusing a request for confirmation of error information generated in the course of the transaction o     •   If a user with the same name is found to be applying/holding/using more than one account o     •   Where a member is suspected of not matching the names of actual users and members, such as allowing a third party to use an account or lending an account	Resolving the reason for suspension or judging the manager	Unable to log in
Restrict some services (cryptocurrency withdrawal, USD exchange, etc.)	o     •   In case the company fails to perform the self-certification procedure requested by the company, even though the service presupposes the implementation of the self-certification procedure o     •   Where there is a significant reason for the violation of the obligation to prevent money laundering and/or the use of the service for improper use or abnormal transactions, such as telecommunications devices o     •   In the event that the members of the company accumulate in the course of customer support for the company’s service and commit verbal abuse/collaboration to the employees of the company or the person entrusted with the company’s business affairs at least three times, and the employee or the person entrusted with the company’s business affairs determines that smooth customer support is impossible o     •   Failure to comply with the procedures guided in the course of the company’s service customer support or refusal of the company’s request as required by the company in accordance with the member’s request for service o     •   Where a member is suspected of not matching the names of actual users and members, such as allowing a third party to use an account or lending an account o     •   Where member information, etc. for the use of services in accordance with the changed policy, is not satisfied even though the grace period for the change of service use policy has been passed o     •   Where a member’s account is notified by a government agency or financial company in the Globe that it has violated its obligation to prevent money laundering or has been used for crimes such as telecommunication devices o     •   Where the provision of services to members of the company is suspended in accordance with the court’s ruling, decision, order and/or investigation cooperation of the investigative agency	Resolving the reason for suspension or judging the manager	Restricting the use of services specified by the administrator

2. Below are the precautions for EMET EXCHANGE transaction services. The members shall check the following precautions and use the service at their own expense and responsibility.
   • ①  EMET EXCHANGE Transaction Service is a service that intermediates transactions between members, and the company does not guarantee the value and currency of any crypto under any circumstances, and the members shall bear the economic interests arising from the member’s trading of the crypto.
   • ②  The market price of the company’s crypto to its members may temporarily be inconsistent with the actual transaction price due to technical limitations such as program or system errors, information asymmetry, and restrictions on the domestic and overseas communication environment. However, the company is doing its best to improve the consistency of the price of the crypto that it provides to its members.
   • ③  The company does not guarantee the integrity of the members’ personal information held by the company. However, as soon as the company confirms that the information provided by the member to the company is not true, it is obliged to suspend the member’s use of EMET EXCHANGE transaction services and take corresponding measures.
   • ④  If a member’s account is stolen by a third party, the member may assume responsibility under the Act.
   • ⑥  There can be great volatility depending on the laws of countries around the world, including the USA, policies of countries around the world including the USA, authoritative interpretation, and economic environment. In particular, the interpretation of legal actions on the transaction of crypto-currency is different from country to country, so the member must pay attention to this point because of the inherent risk of different legal currency.
   • ⑦  The USA does not officially recognize the legal status of the crypto, especially the transaction of the crypto as a financial transaction. Therefore, changes in the legal status and value of the crypto may occur due to changes in the policy of the USA.
   • ⑧  The communication service that the member is using has nothing to do with the company’s transaction service. In other words, the members must check the speed and condition of the communication service in use, and if the communication status is not smooth, they need to refrain from trading in order to prevent accidental accidents.
   • ⑨  Online transactions, including crypto trading services, are becoming the targets of high-tech crime groups. The company is doing its best for the security of the company’s transaction services, but most of the actual hacking incidents are secondary incidents caused by hacking of the Wi-Fi network, negligence in managing account information such as passwords, and hacking of personal information recorded in the cloud service. Given this, it is necessary to prevent the occurrence of high-tech crimes.
   • ⑩  Since EMET EXCHANGE transaction services are provided 24/7, the company minimizes any inconvenience that may occur during the members’ service use by maintaining consistency in the transaction system. Therefore, the company inevitably inspects the company’s servers to provide services, and in case of regular and temporary inspections, it notifies the members in advance to increase their predictability
   • ⑪  Notwithstanding subparagraph 10, the company urgently needs to check its servers for unexpected reasons. In this case, the company can conduct an emergency inspection, and if access to EMET EXCHANGE mobile/website is not possible during the emergency inspection process, the reason for the inspection and the progress of the inspection are notified through the company’s then-most-efficient& applicable measure.(https://emetexchange.com/).
   • ⑫  The company can minimize damage to members by allowing them to cancel orders received for a certain period of time when it is deemed that the market price of the crypto currency is rapidly changing or unexpected circumstances occur during the emergency inspection under subparagraph 11.
3. If the company restricts the use of the member’s account, the member shall bear the following obligations to the company
   • ①  When the account is suspended, the company conducts its own investigation of the account, and the members must actively cooperate with the company’s investigation.
   • ③  After the end of the self-investigation into the account, the company may restrict the use of the member account after seven days of prior notice at its discretion, the company notifies the reason for the decision, and the member may have an explanatory procedure.

 

Chapter 5 Special Provisions for Corporate Members

Article 18 (Special Provisions of Corporate Members)

1. This Agreement is prepared on the premise that members use the company’s services in their individual status. If a member who intends to use the company’s services is a corporation, the corporate member must carry out the procedures under paragraph 2. Failure to comply with this, the company may initiate procedures under Article 17 (4) for corporate members for reasons such as Article 8 (1) 2 of this Agreement.
2. A corporate member shall provide the following information in the company’s email (help@emetexchange.com) to indicate his/her intention to join as a corporate member.

Required Items

Attached document (electronic document available)

1.      Corporate name 2.      Name of representative 3.      Member account (email) 4.      Contactable telephone number 5.      The company’s web address (homepage, etc.) 6.      the main customer base of business transactions 7.      Purpose of Cryptocurrency Transaction 8.      Cryptocurrency Estimated Trade Direction 9.      Daily average (expected) transaction amount (USD)

10.   Business license 11.   articles of incorporation 12.   Resolution of the Board of Directors to Approve EMET EXCHANGE New Account Registration 13.   List of shareholders 14.   Copy of the bankbook of the main bank 15.   Representatives and practitioners (including users in member account emails) each ID photo 16.   Business introduction letter 17.   Letter of Agreement on the Prohibition of Pseudo-Receiptial Activities

3. After receiving the information under paragraph (2), the company may enter into a separate contract with a corporate member or enter into an agreement that excludes all or part of the application of this Agreement in relation to the corporate member or takes precedence over this Agreement. In particular, corporate members may apply different terms and conditions to the company, such as fees, limits on the amount of contributions, and other additional services (not limited to them), in accordance with the agreement between the company and the corporate members.
4. The contract relationship between a corporate member and the company shall take precedence over the terms and conditions of the contract between the corporate member and the company.

Article 19 (Compensation for Damage and Specialty)

1. The company shall not make an agreement or guarantee with respect to any specific matters not specified in this Agreement in connection with the service to the extent permitted by statute. In addition, the company does not guarantee the completeness of the crypto or the value of any form of goods or crypto that the company does not guarantee payment. In addition, we do not guarantee the reliability, accuracy, etc. of information, data, and facts posted on the service by the members.
2. The company shall compensate the members for damages incurred by the members in accordance with the laws and regulations of the USA in the event of damage caused by the member’s intention or negligence. However, damages incurred to the members due to force majeure without cause attributable to the company, such as exhibition, accident, flood, earthquake, or other natural disasters equivalent thereto, or the company cannot provide services to the members in order to fulfill administrative dispositions and orders of the USA government agencies, shall not be compensated.
3. If the information provided by the member to the company is different from the facts, the company may discontinue the service at any time and terminate the contract in whole or in part under this Agreement, and if any damage occurs to the company, the company may claim compensation for the damage.
4. In the event that damages the company due to illegal acts of the member, the company may exercise its right to claim damages by law. Therefore, please make sure to use the company’s service in accordance with the law.

Article 20 (Notices and Notice)

The company may notify important matters concerning the use of this Agreement and the service by posting them on the service initialization page or notice column from time to time, and, if necessary, by sending an email or SMS registered in the account.

Article 22 (Resolution of Disputes)

These terms and conditions or services shall be prescribed and implemented by the statutes of the State of Wyoming,USA, and the law governing the settlement of disputes regardless of the nationality or residence of the members shall be governed by the statutes of the State of Wyoming,USA. However, if there is no statute or Supreme Court ruling on the crypto, etc. in USA, precedents or influential views outside of USA may have the effect of the Act on Compliance with respect to disputes over these terms and conditions or services. In the event of a dispute between the company and its members regarding the use of the service, the party shall endeavor to resolve the dispute between the company and the members, but if it is not resolved, the lawsuit may be filed with the competent court under the Civil Procedure Act of Wyoming, USA, and the complaint against a court other than the Wyoming, USA, a judicial institution, an arbitration agency, and other equivalent thereto shall not be allowed, and the member shall agree.

Supplementary Clause

Article 1 (Enforcement Date) These terms and conditions will take effect on September 1, 2021.