Terms & Conditions
By continuing on to use our website (www.tavp.co.uk) you hereby warrant and represent that you have irrevocably and unconditionally accepted all of our terms and conditions without liability and or responsibility from us, our employees, associates and or any other affiliated or parent companies unless so confirmed in writing.
- Account – a User’s account on the Website, which is created and used to buy TWEX Coins.
- Please fill in our account opening forms and provide us with all required information in order to enable us to respect our AML Charter and to perform our KYC. Only account holders will be able to acquire and subsequently trade our TWEX Coins.
- Bitcoin or BTC – a consensus network that enables a new payment system and a completely digital money; the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
- Blockchain – type of distributed ledger, comprised of unchangeable, digitally recorded data in packages called blocks.
- TAVP Initial Coin Offering – period of time from July 17, 2017, to August 31, 2017, when the User is able to buy TWEX Coins.
- TWEX Coins – cryptographic tokens, which are software product (digital resources), created by the Website Owner as a proof of membership of their holders in the movies venture contemplated (Please be advised that as owner of one or more TWEX Coins you are entitled to all profit rights associated to said token. But under no circumstances whatsoever can you be considered as a shareholder of TAVP Entertainment Ltd – the company). Though TWEX Coins are similar to securities, they are not and shall not be considered as such.
- TWEXWALLET – blockchain wallet that permits users to buy, sell, manage and hold digital coins and assets.
- User – anyone who uses the Website, with or without prior registration and authorization using the Account.
- Website Owner, TAVP Entertainment Ltd, TAVP, Company, we, us – first tokenized closed-end fund designated to Blockchain assets; TAVP Entertainment Ltd, a company, that is registered under the laws of the UK. In no way shall (company) be deemed a partner, employer or agent for any User or providing any financial services thereto.
- These Terms are a legally binding Agreement between you, the User, on the one part, and the Website Owner, on the other part, also individually referred to as a “Party” and collectively as the “Parties”.
- These Terms define basic mutual rights and obligations of the Website Owner and the Users, either registered or just visiting certain pages of the Website, during their use of the Website, including but without limitation, for the purpose of buying the TWEX Coins.
- By using the Website, the Users accept these Terms in full and agree to be bound thereby and comply therewith.
- These Terms are effective at the time the Users begin using the Website. The Users may withdraw from their obligation under the Terms at any time by discontinuing the use of the Website.
- The User acknowledges and accepts that: – these Terms are subject to change, modifications, amendments, alterations or supplements at any time without prior written notice, at Website Owner’s sole discretion, by updating this posting at the “Last Updated” section; the User’s continued use of the Website after the amendments etc. shall constitute the User’s consent hereto and acceptance hereof; – the Website Owner reserves the right, at its own and complete discretion, to modify or to temporarily or permanently suspend or eliminate the Website, and/or disable any access to the Website.
- By using this Website, you covenant, represent, and warrant that: – you are of an age of majority to enter into this Agreement, meet all other eligibility and residency requirements, and are fully able and legally competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties set forth herein and to abide by and comply herewith; – you are aware of all the merits, risks and any restrictions associated with cryptographic tokens (their buying and use), crypto currencies and Blockchain-based systems, as well as you know how to manage them, and you are solely responsible for any evaluations based on such your knowledge; – you have necessary and relevant experience and knowledge to deal with cryptographic tokens, crypto currencies and Blockchain-based systems, as well as you have full understanding of their framework.
- You shall not use the Website if you are prohibited under the applicable law from using it. In particular, should any limitation or prohibition as to your purchase or use of any amount of the TWEX Coins exist under the applicable law, we persistently recommend you not to use this Website and not to buy TWEX Coins.
Sale of TWEX Coins
- The TWEX Coins will be made available to the public during the Capital Raise , during which 15 million coins will be available. One TWEX Coins will be worth 1 Euro and only exchangeable using convertibility in other Crypto Currencies such as Bitcoin, ETHER, etc. (Please contact Issuer for a full list of acceptable currencies).
- Token holders will receive 5% of the Profit After Taxes (PAT) if the occupancy rate at movie theaters comprised between 37% to 42.99% or
- 7.5% of the Profit After Taxes (PAT) if the occupancy rate at movie theaters comprised between 43% to 50.99% or
- 10% of the Profit After Taxes (PAT) if the occupancy rate at movie theaters comprised between 51% to 58.99% or
- 15% of the Profit After Taxes (PAT) if the occupancy rate at movie theaters comprised above 59% at the time of redemption along with the initial amount. Each Token acquired along with its profit rights will be contained in a smart contract that can be traded on exchange.
- Capital repayment: Maximum 3 months after release of first movie will be 8 Million Euros and Interest payment according to above scale payable 3 months after end of first year’s audit when PAT will be calculated and pay out of each Token’s variable profit equal to 5 %- 15% of PAT.
- PAT will solely be determined by an accredited auditor.
- After second movie “The Aqua Vitae Parallex – The Revenge” release:
- Capital repayment: Maximum 3 months after release of second movie will 7 Million Euros and Interest payment capped at a fixed rate of 5 % of PAT for second movie, payable 3 months after end of second year’s audit when PAT will be calculated and pay out of each Token’s variable profit equal to 5% of PAT.
- Full and total dematerialization of TWEX Coins will take place three months after the determination of PAT and payment of the 5% profits after end of second year’s audit when PAT will be calculated. Coins not presented at such time will be dematerialized along with their contained rights. Unclaimed profits will be deposited on an escrow account for another three months. If still unclaimed at such time, the funds will be used to finance any new movie(s) that Alpen Design Studios Ltd (ADSL) might be involved into without any rights of protest or disputes from initial coin holder.
- 1.5 % of sales amount to be paid to TWEX ecosystem.Funds from the TWEX Ecosystem will then be distributed to each TWEX coin holder at the end of the year after payment being made by companies who got funded via TWEX Ecosystem.
- Any User who wants to buy the TWEX Coins shall register an Account on the Website using real name, email address, copy of ID and proof of address. Information will then be given on how to fund the account with Bitcoin (BTC), ETHER and or all other accepted Crypto Currencies as mentioned by us at such time. You could buy the TWEX Coins only via your Account. To buy the TWEX Coins you shall send an amount of Bitcoin, ETHER and or any other acceptable coins by us, which is equal to an amount of the TWEX Coins that you would like to receive on your account with us.
- The Website does not accept fiat currency as payment for TWEX Coins. In order to buy TWEX Coins with legal tender user shall convert such funds into Bitcoin (BTC), ETHER or any other accepted coins as notified by us.
- The TWEX Coins purchased hereunder may be sold and transferred by the User at any time after the Capital Raise via cryptocurrency exchanges if the TWEX Coins are listed there off.
- By buying twex coins hereunder the user represents and warrants under penalty of perjury and fraud that his/her funds in no way came from illegal or unethical sources.
- You are only allowed to purchase twex coins if you covenant, represent, and warrant that you are not violating/or in violation of the laws in your jurisdiction of residence.
User Registration and Account
- You hereby expressly consent that you are solely responsible for the use of your login and password and for everything done using your registration details. You agree to keep your login information and password private. You are solely responsible for any loss or damage you or we may suffer as a result of your failure to do so.
- You may deactivate your registration with the Website, at any time and for any reason, by sending an email request to firstname.lastname@example.org We may terminate your use of and registration with the Website at any time if you violate these Terms, at our sole discretion and without prior notice and without any liability or further obligation of any kind whatsoever to you or any other party, when we find such measures reasonable and/or necessary in a particular situation.
Third Party Websites and Services
- The pages of the Website may contain links to third-party websites and services. Such links are provided for your convenience, but their presence does not mean that they are recommended by TAVP Entertainment Ltd. In addition, TAVP does not guarantee their safety and conformity with any user expectations. Furthermore, we are not responsible for maintaining any materials referenced from another site, and makes no warranties for that site or this service in such context.
- TAVP Entertainment Ltd. assumes no obligations in the event of any damage or loss, or any other impact, directly or indirectly resulting from the use of any content, goods or services available on or through any such third-party websites and resources.
- To the extent allowable pursuant to applicable law, the User shall indemnify, defend, and hold TAVP Entertainment Ltd. and/or its subsidiaries, affiliates, directors, officers, employees, agents, successors, and permitted assignees harmless from and against any and all claims, damages, losses, suits, actions, demands, proceedings, expenses, and/or liabilities (including but not limited to reasonable attorneys’ fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against TAVP Entertainment Ltd. arising out of a breach of any warranty, representation, or obligation hereunder.
Disclaimer of Warranties and Limitation or Liability
- This Website And The Twex Coins Are Provided On An “as Is” Basis And Without Any Warranties Of Any Kind, Either Expressed Or Implied. You Assume All Responsibility And Risk With Respect To Your Use Of The Website And Buying Of Any Amount Of The Twex Coins And Their Use. Under No Circumstances Whatsoever Shall Tavp Entertainment Ltd., It’s Employees, Associates, Owners, Directors, Affiliated Company And Or Others Be Held Responsible For Delays In Payment Of The Profit Sharing, Non Timely Issuance Of The Second Twex Coins That Should Replace The First One After Payment Of The Profits; Non Timely Or Non Retribution Of Contemplated Profits Due To Unforeseen And Unavoidable Reasons Or Cases Of Force Majeure As Defined By The International Chamber Of Commerce In Paris.
- You Hereby Expressly Agree That, To The Maximum Extent Permitted By The Applicable Law, The Website Owner Does Not Accept Any Liability For Any Damage Or Loss, Including Loss Of Business, Revenue, Or Profits, Or Loss Of Or Damage To Data, Equipment, Or Software (Direct, Indirect, Punitive, Actual, Consequential, Incidental, Special, Exemplary Or Otherwise), Resulting From Any Use Of, Or Inability To Use, This Website Or The Material, Information, Software, Facilities, Services Or Content On This Website, From Buying Of The Twex Coins Or Their Use By The User, Regardless Of The Basis, Upon Which The Liability Is Claimed And Even If Website Owner Has Been Advised Of The Possibility Of Such Loss Or Damage.
- You Understand And Agree That The Website Owner Shall Not Be Held Liable To And Shall Not Accept Any Liability, Obligation Or Responsibility Whatsoever For Any Change Of The Value Of The Twex Coins Or Any Other Crypto Currencies Such As Btc And Ether But Not Limited To Them. The Website Owner Shall Not Provide The User Refund Possibilities (Payout Liquidity) For Purchased Twex Coins. The User Understands And Expressly Agrees That The Website Owner Shall Not Guaranty In Any Way That The Twex Coins Might Be Sold Or Transferred During Or After The Capital Raise .
- At Any Case, Total Amount Of Our Aggregate Liability Hereunder May Not Exceed 500 (Five Hundred) Euro. If Applicable Law Does Not Allow All Or Any Part Of The Above Limitation Of Liability To Apply To You, The Limitations Will Apply To You Only To The Extent Permitted By Applicable Law. You Understand And Agree That It Is Your Obligation To Ensure Compliance With Any Legislation Relevant To Your Country Of Domicile Concerning Use Of This Website And Use And Buying Of The Twex Coins, And That The Website Owner Should Not Accept Any Liability For Any Illegal Or Unauthorized Use Of This Website And Use And Buying Of The Twex Coins. You Agree To Be Solely Responsible For Any Applicable Taxes Imposed On Tokens Purchased Hereunder.
- The Website Owner Does Not Warrant Or Represent That Any Information On The Website Is Accurate Or Reliable Or That The Website Will Be Free Of Errors Or Viruses, That Defects Will Be Corrected, Or That The Service Or The Server That Makes It Available Is Free Of Viruses Or Other Harmful Components. Website Owner Shall Not Be Liable For Uninterpreted Availability Of The Website At All Times, In All Countries And/or All Geographic Locations, Or At Any Given Time.
Intellectual Property Rights
- The Website Owner has valid, unrestricted and exclusive ownership of rights to use the patents, trademarks, trademark registrations, trade names, copyrights, know-how, technology and other intellectual property necessary to the conduct of selling of the TWEX Coins and his activities generally.
- In no way shall this Agreement entitle the User for any intellectual property of the Website Owner, including the intellectual property rights for the Website and all text, graphics, user interface, visual interface, photographs, trademarks, logos, artwork, and computer code, design, structure, selection, coordination, expression and other content connected to the Website. Arrangement of such content is owned by TAVP Entertainment Ltd. and is protected by the Intellectual Property Rights and fair competition laws.
- There are no implied licenses under the Agreement, and any rights not expressly granted to the User hereunder are reserved by TAVP Entertainment Ltd.
Jurisdiction and Dispute Resolution
- All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the laws of the UK.
- To resolve any dispute, controversy or claim between them arising out of or relating to this Agreement, or the breach thereof, the Parties agree first to negotiate in good faith for a period of not less than sixty (60) days following written notification of such controversy or claim to the other Party.
- If the negotiations do not resolve the dispute, controversy or claim to the reasonable satisfaction of all Parties during such period, then the Parties irrevocably and unconditionally submit to the exclusive jurisdiction of the International Chamber of Commerce under the applicable law, as set out in clause 9.1. hereof.
- Entire Agreement. This Agreement is intended to fully reflect the terms of the original agreement between the Parties. No provision of the Agreement shall be considered waived unless such waiver is in writing and signed by the Party that benefits from the enforcement of such provision. No waiver of any provision in the Agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of the Agreement will not in any way affect, limit, or waive a Party’s rights hereunder at any time to enforce strict compliance thereafter with every term and condition hereof.
- Assignment. TAVP Entertainment Ltd. may, at its sole discretion, assign its rights and/or delegate its duties under this Agreement. You may not assign your rights or delegate your duties, and any assignment or delegation without the written consent of TAVP Entertainment Ltd. which TAVP Entertainment Ltd. may withhold at its sole discretion, shall be void.
- Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the Parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
- The User may send any questions regarding the use of the Website of the TWEX Coins or regarding this Agreement via e-mail to: email@example.com