Pledge Agreement
Exocellex Pledge Agreement (EPA)
Effective Date: [December 22, 2024]
This Pledge Agreement ("Agreement") is made between EXOCELLEX STUDIOS CORP. ("Company", "we", "our", or "us"), and the individual or entity making a pledge ("Pledger", "you", or "your"). By submitting a pledge through our website or other related platform, you agree to the terms and conditions outlined in this Agreement.
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1. Pledge and Contribution
1.1 Pledge: By making a pledge through our platform, you are committing to financially support the development of our products or services as described in our crowdfunding campaign ("Campaign"). Your pledge is not an investment and does not entitle you to any equity, dividends, or returns from EXOCELLEX TECH CORP. You understand that your pledge is a contribution to the creation of the product or service, and you will receive the agreed-upon reward or product upon its successful creation.
1.2 Pledge Amount: You agree to contribute the specified amount as indicated on the pledge page, which may be subject to processing fees by third-party payment processors. The amount you contribute will be deducted from your payment method as described in the campaign details.
1.3 Non-Refundable: Unless otherwise required by applicable law, pledges are non-refundable. You acknowledge that there are risks associated with crowdfunding, and you accept that your pledge may not result in the successful creation or delivery of the product or service.
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2. Use of Funds
2.1 Fund Allocation: Funds raised through the Campaign will be used exclusively for the development, production, and distribution of the product or service, including but not limited to research and development, manufacturing, and marketing costs. EXOCELLEX TECH CORP. reserves the right to use the funds in accordance with its discretion and project goals.
2.2 Campaign Goals: You understand that the Campaign's success depends on reaching specific funding goals. If the Campaign does not meet the funding threshold, we may not be able to proceed with the project, and pledgers may not receive the product or reward as promised.
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3. Rewards and Product Delivery
3.1 Reward Structure: As a Pledger, you are entitled to receive the reward or product as outlined in the Company Information (CI) details based on your contribution. The exact reward will depend on the amount of your pledge.
3.2 Delivery Timeline: We will make reasonable efforts to fulfill the promised rewards and deliver the product or service within the estimated timeline provided on the Campaign page. However, delivery dates are subject to change due to unforeseen circumstances such as production delays, logistical issues, or other factors beyond our control.
3.3 No Guarantee of Delivery: You acknowledge that while we will make every effort to deliver the reward or product, there is no guarantee that the project will succeed or that the product will be delivered as planned.
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4. Intellectual Property Rights
4.1 Ownership: All intellectual property rights in the products or services being developed through the Campaign remain the exclusive property of EXOCELLEX TECH CORP. Pledgers do not acquire any rights, titles, or interests in such intellectual property by making a pledge.
4.2 License: Pledgers are granted a limited, non-transferable license to use any rewards or products they receive for personal use. Any commercial use or redistribution of the product or related intellectual property is strictly prohibited without prior written consent from EXOCELLEX TECH CORP.
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5. Risk and Acknowledgment
5.1 Risk of Failure: You acknowledge that participating in crowdfunding and supporting the development of products or services involves risks. EXOCELLEX TECH CORP. makes no guarantees regarding the success of the Campaign, the development of the product, or the delivery of rewards. There may be delays, unforeseen challenges, or failure to meet the Campaign goals.
5.2 No Guarantee of Profit: By pledging, you understand that you are not investing in the company, and you will not receive a portion of the company’s profits. Your pledge is solely a contribution to the development of the product or service, and no financial return is guaranteed.
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6. Privacy and Data Collection
6.1 Privacy Policy: We are committed to protecting your personal data. By making a pledge, you agree to the collection, use, and processing of your personal information as described in our Privacy Policy.
6.2 Data Usage: Your personal information will be used to process your pledge, communicate with you regarding the Campaign, and fulfill the delivery of rewards. We will not sell or share your information with third parties without your consent, except as necessary for the fulfillment of rewards.
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7. Termination and Suspension
7.1 Finalization of Pledges: Once you make a pledge, it is considered final and cannot be withdrawn or refunded, even during the Campaign. Please ensure your decision is carefully considered before pledging, as all contributions are binding except where required by law.
7.2 Termination by EXOCELLEX TECH CORP.: We reserve the right to terminate this Agreement and suspend or cancel your pledge if we determine that you have violated these terms or engaged in fraudulent activities. In such cases, you will not be entitled to any rewards or products associated with the pledge.
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8. Governing Law
This Agreement will be governed by and construed in accordance with the laws of British Columbia, Canada, without regard to its conflict of laws principles. Any disputes arising under or in connection with this Agreement shall be resolved in the courts of British Columbia, Canada.
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Acknowledgment
By making a pledge, you acknowledge that you have read, understood, and agree to the terms and conditions outlined in this Exocellex Pledge Agreement (EPA).