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RESERVATION AGREEMENT.html
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<p class=MsoTitle>RESERVATION AGREEMENT </p>
<p class=MsoNormal> </p>
<p class=MsoNormal><i>Agreement version: 1, last updated:
{signed-by-company-date}</i></p>
<p class=MsoTitle>Preamble</p>
<p class=MsoNormal>This Reservation Agreement (the “<b>Agreement</b>”) is
concluded between Fifth Force GmbH, a limited liability company organised under
the laws of Germany, having its seat in Berlin, Germany, registered with the
commercial register (Handelsregister) of the local court (Amtsgericht)
Charlottenburg under HRB 179357 B, with business address at: Cuvrystraße 4,
10997 Berlin, Germany (the “<b>Company</b>”), or any legal successor of
Company, and any entity that fulfils the criteria set out in this Agreement and
accepts the terms provided herein (the “<b>Investor</b>”).</p>
<p class=MsoNormal>Parties to the Agreement are herein referred to individually
as a “<b>Party</b>” and collectively as the “<b>Parties</b>”.</p>
<p class=MsoNormal>The Company is identified by the following address
{company-address} on Ethereum network. Ethereum network is a public distributed
ledger that allows to deploy self-enforcing contracts called smart contracts
and provides global consensus of contract enforcement outcomes. The Investor is
identified by the following address {investor-address} on Ethereum network (“<b>Ethereum
Address</b>”).</p>
<p class=MsoNormal>The Company develops and operates the Neufund Platform,
which is a fundraising ecosystem (the “<b>Fundraising Platform</b>”).
Fundraising Platform aims to enable start-ups to use the legal and technical
infrastructure for raising equity or quasi-equity investments to finance
entities or individual projects. Such fundraising will be structured through
the issuing of tokens – including equity tokens – based on blockchain
technology (the “<b>Start-up Tokens</b>”).</p>
<p class=MsoNormal>The subject of the Agreement is the reservation of funds by
the Investor for the future acquisition of Start-up Tokens on the Fundraising
Platform (the “<b>Reservation</b>”) as well as acquisition of related Ethereum
tokens issued by the Company (the “<b>Neumark Tokens</b>”) by the Investor from
the Company (the “<b>Acquisition</b>”). The Reservation and the Acquisition
shall take place under the terms and conditions as set out in:</p>
<p class=MsoListParagraph style='text-indent:-.25in'><span style='font-family:
Symbol'>·<span style='font:7.0pt "Times New Roman"'>
</span></span>a smart contract under address {acquisition-sc-address} (the “<b>Acquisition
Smart Contract</b>”) and</p>
<p class=MsoListParagraph style='text-indent:-.25in'><span style='font-family:
Symbol'>·<span style='font:7.0pt "Times New Roman"'>
</span></span>a smart contract under address {lockin-sc-address} (the “<b>Reservation
Smart Contract</b>”).</p>
<p class=MsoNormal>The Acquisition Smart Contract and Reservation Smart
Contract are jointly referred to in this Agreement as “<b>Smart Contracts</b>”.
The Smart Contracts source code is available in repository {repo-url} with
commit {commit-id} (the “<b>Repository</b>”).</p>
<p class=MsoNormal>Content of the Agreement and of all its amendments is stored
in public immutable storage where it can be retrieved by cryptographic hash of
a file with Agreement content. Company will sign Agreement and any of its
amendment by executing a transaction on Acquisition Smart Contract that will
add Agreement hash to contract state thus providing proof of Company signature
and of Agreement content. Investor may access current Agreement and all
amendments by inspecting Acquisition Smart Contract state which is publicly
available on Ethereum network.</p>
<p class=MsoNormal>The terms outlined in the Agreement correspond to the
self-enforcing computer code of the Smart Contracts.</p>
<p class=MsoNormal>By concluding this Agreement, the Investor enters into the
Neumark Token Holder Agreement (the “<b>NTHA</b>”), on the terms and conditions
as set out in a smart contract under address {neumark-sc-address} (“<b>Neumark
Token Smart Contract</b>”). Acceptance of the terms and conditions and
conclusion of the NTHA is required in order to conclude this Agreement.</p>
<p class=MsoNormal>This document does not constitute a prospectus or offering
or securities of any sort and is not a solicitation for investment.</p>
<p class=MsoNormal>This Agreement may be amended in accordance with section 5 below.</p>
<h1>1.<span style='font:7.0pt "Times New Roman"'>
</span>INITIAL PROVISIONS</h1>
<p class=MsoListParagraph>1.1<span style='font:7.0pt "Times New Roman"'>
</span><b>Conclusion of the Agreement</b>. Agreement is deemed to be concluded
upon successful reservation of the Reservation Amount (as defined below), which
includes signing a transaction to the Acquisition Smart Contract with the
Investor’s private key assigned to the Ethereum Address (the “<b>Private Key</b>”).
Private Key storage shall be at the Investor’s sole discretion.</p>
<p class=MsoListParagraph>1.2<span style='font:7.0pt "Times New Roman"'>
</span><b>Eligibility</b>. In order to be eligible to become Party to this
Agreement, a potential Investor:</p>
<p class=MsoListParagraph style='margin-left:1.0in'>1.2.1<span
style='font:7.0pt "Times New Roman"'>
</span>Must not be a Non-Supported Person (as defined in the NTHA);</p>
<p class=MsoListParagraph style='margin-left:1.0in'>1.2.2<span
style='font:7.0pt "Times New Roman"'>
</span>Must comply with all the terms and conditions set forth in this
Agreement, the NTHA and other applicable documents;</p>
<p class=MsoListParagraph style='margin-left:1.0in'>1.2.3<span
style='font:7.0pt "Times New Roman"'>
</span>Must successfully execute “commit” or “commitEuro” function of
Acquisition Smart Contract with a transaction signed by Private Key.</p>
<p class=MsoListParagraph>1.3<span style='font:7.0pt "Times New Roman"'>
</span><b>No guarantee of participation</b>. There is no guarantee that it will
be possible for eligible Investor to acquire the Neumark Tokens.</p>
<p class=MsoListParagraph>1.4<span style='font:7.0pt "Times New Roman"'>
</span><b>No refunds or cancellations</b>. Acquisition of Neumark Tokens in
accordance with this Agreement is final. There are no refunds or cancellations
unless strictly required by applicable law.</p>
<h1><a name="_Ref495860669">2.<span style='font:7.0pt "Times New Roman"'>
</span>RESERVATION</a></h1>
<p class=MsoListParagraph>2.1<span style='font:7.0pt "Times New Roman"'>
</span><b>Reservation</b>. By entering into this Agreement, the Investor agrees
on reserving the Reservation Amount during the Reservation Period on the terms
and conditions set out below. </p>
<p class=MsoListParagraph>2.2<span style='font:7.0pt "Times New Roman"'>
</span><b>Payment token</b>. Reservation is to be made using {payment-token}.</p>
<p class=MsoListParagraph>2.3<span style='font:7.0pt "Times New Roman"'>
</span><b>Reservation Amount</b>. The amount of {payment-token} that is being
reserved by the Investor in the Reservation mechanism is {amount}. The
Reservation Amount must not be used for any other purpose than using it on the
Fundraising Platform for the acquisition of Start-up Tokens.</p>
<p class=MsoListParagraph>2.4<span style='font:7.0pt "Times New Roman"'>
</span><b>Reservation Period</b>. Reservation takes place for the period of
{reservation-period} days between {reservation-date} and the {release-date}.</p>
<p class=MsoListParagraph>2.5<span style='font:7.0pt "Times New Roman"'>
</span><b>Repeated Reservation</b>. Investor may repeat Reservation transaction
multiple times thus increasing Reservation Amount and Neumark Grant. In case of
such increase Reservation Period is not changed.</p>
<p class=MsoListParagraph>2.6<span style='font:7.0pt "Times New Roman"'>
</span><b>Maximum Cap</b>. The maximum amount of {payment-token} that can be
used for reservation by all Investors is {max-cap}.</p>
<p class=MsoListParagraph>2.7<span style='font:7.0pt "Times New Roman"'>
</span><b>Minimal Ticket</b>. The minimal Reservation Amount is {min-ticket}
{payment-token}.</p>
<p class=MsoListParagraph>2.8<span style='font:7.0pt "Times New Roman"'>
</span><b>No access to the Reservation Amount by the Company</b>. While the
Reservation Amount is reserved the Company has no access to the Reservation
Amount and is not entitled to any extent to dispose over the Reservation Amount
or parts of it.</p>
<p class=MsoListParagraph>2.9<span style='font:7.0pt "Times New Roman"'>
</span><b>Ordinary Release</b>. Once the Reservation Period has been terminated
the Reservation Amount to the extent not already used for the acquisition of
Start-up Tokens, shall be unlocked from reservation to the Investor and may be
used by the Investor subject to its sole discretion, which might be withdrawing
the funds or keeping the funds on the Fundraising Platform for investment in
Start-up Tokens. In case the Investor withdraws the funds within the Ordinary
Release, Neumark Grant needs to be returned (see 2.13 below).</p>
<p class=MsoListParagraph>2.10<span style='font:7.0pt "Times New Roman"'>
</span><b>Extraordinary Release</b>. The Investor may at any point in time
prior to the termination of the Reservation Period request the release of the
Reservation Amount to the extent not already used for the acquisition of
Start-up Tokens (the “<b>Remaining {payment-token}</b>”). However, upon such
request {unlock-fee-percent}% of the Remaining {payment-token}, that is
{unlock-fee} {payment-token}, are transferred to a special account identified
by the following address {fee-address} on Ethereum network, with an intention
of future pro rata distribution to all Investors as contribution of the
Investor to support the community. In case the Investor withdraws the funds
within the Extraordinary Release, Neumark Grant needs to be returned (see 2.13 below).</p>
<p class=MsoListParagraph>2.11<span style='font:7.0pt "Times New Roman"'>
</span><b>Restricted use of Reservation Amount</b>. During the Reservation
Period the Investor may at any point in time use the Reservation Amount or
parts of it for the acquisition of Start-up Tokens, but not for other purposes
except the Investor has triggered an Extraordinary Release. After the end of
the Reservation Period the Reservation Amount or parts of it can still be used
by the Investor for the acquisition of Start-up Tokens.</p>
<p class=MsoListParagraph>2.12<span style='font:7.0pt "Times New Roman"'>
</span><b>No Start-up Token acquisition obligation</b>. The Investor is not
obliged to make any investment in Start-up Tokens from the Reservation Amount
on the Fundraising Platform.</p>
<p class=MsoListParagraph><a name="_Ref495860378">2.13<span style='font:7.0pt "Times New Roman"'>
</span><b>Return of Neumark Grant</b>. To the extent the Reservation Amount is
unlocked, regardless whether through an Ordinary or Extraordinary Release, and
withdrawn by the Investor, the Investor is under the obligation to return the
amount of Neumark Tokens on a pro rata basis related to the Remaining
{payment-token} and Neumark Grant as per following equation <i>Returned
Neumarks Amount = (Remaining {payment-token} / Reservation Amount) * Neumark
Grant</i>. Ordinary or Extraordinary Release cannot take place without
returning Neumark Grant.</a></p>
<p class=MsoListParagraph>2.14<span style='font:7.0pt "Times New Roman"'>
</span><b>Migration Mechanism</b>. At some point in time, but before first
Start-up Token is available on the Fundraising Platform, Company will present
amended Reservation Smart Contract together with amended Agreement in order to
perform migration procedure (“<b>Migration</b>”). Migration will involve
completing KYC procedure by the Investor and will enable Investor to acquire
Start-up Tokens by using Reservation Amount. Migration procedure is not
mandatory, but necessary in order to be able to acquire Start-up Tokens.</p>
<h1><a name="_Ref495861314">3.<span style='font:7.0pt "Times New Roman"'>
</span>NEUMARK ACQUISITION</a></h1>
<p class=MsoListParagraph>3.1<span style='font:7.0pt "Times New Roman"'>
</span><b>Acquisition method</b>. Neumark Tokens are not issued against
compensation in the form of payment of cash, cash-equivalents or any other
assets. Instead, the Neumark Tokens are distributed as a reward for willingness
to reserve certain funds, that is the Reservation Amount until the end of
Reservation Period and earmark those funds for acquisition of Start-up Tokens
on the Fundraising Platform.</p>
<p class=MsoListParagraph>3.2<span style='font:7.0pt "Times New Roman"'>
</span><b>Neumark Grant</b>. The Company, subject to reservation by the
Investor of the Reservation Amount (as defined hereof) conducted under the
terms and conditions set forth hereof, shall distribute to the Investor
{neumark-amount} Neumark Tokens (the “<b>Neumark Grant</b>”).</p>
<p class=MsoListParagraph>3.3<span style='font:7.0pt "Times New Roman"'>
</span><b>Acquisition Ratio</b>. The average acquisition ratio for the Neumark
Grant is {neumark-acquisition-ratio} (the “<b>Acquisition Ratio</b>”).</p>
<p class=MsoListParagraph>3.4<span style='font:7.0pt "Times New Roman"'>
</span><b>Acquisition time</b>. Conclusion of the Agreement, Reservation and
acquisition of the Neumark Tokens is possible starting on {icbm-start-date}
(the “<b>Start Date</b>”) to {icbm-end-date} or the moment when the Maximum Cap
is reached, whichever happens first (the “<b>End Date</b>”).</p>
<p class=MsoListParagraph>3.5<span style='font:7.0pt "Times New Roman"'>
</span>Transfer time. The Neumark Tokens successfully acquired by the Investor
will be transferred immediately upon successful execution of the Reservation transaction,
as described in sec. 2 hereof.</p>
<p class=MsoListParagraph>3.6<span style='font:7.0pt "Times New Roman"'>
</span><b>Neumark Token Holder Agreement</b>. By concluding this Agreement and
executing ‘distributeNeumark’) function of the Neumark Token Holder Contract to
the Investor’s Ethereum Address, the Investor enters into the Neumark Token
Holder Agreement, on the terms and conditions specified therein. Acceptance of
the terms and conditions and conclusion of the NTHA is required in order to conclude
this Agreement.</p>
<p class=MsoListParagraph>3.7<span style='font:7.0pt "Times New Roman"'>
</span><b>The Neumark Tokens issuance algorithm</b>. The Neumark Tokens will be
issued according to an issuance algorithm specified in the NTHA (the “<b>Issuance
Algorithm</b>”).</p>
<p class=MsoListParagraph>3.8<span style='font:7.0pt "Times New Roman"'>
</span><b>Whitelisting</b>. The Company may, at its sole discretion, commence
distribution of the Neumark Tokens to advisors, early supporters and other
similar persons or entities earlier than on the Start Date. Such distribution
will be conducted in accordance with the Issuance Algorithm.</p>
<p class=MsoListParagraph>3.9<span style='font:7.0pt "Times New Roman"'>
</span><b>Acquisition of the Neumark Tokens by the Company</b>. An amount of
Neumark Tokens that equals Neumark Grant received by the Investor will be
automatically distributed to an Ethereum address controlled by the Company
({company-neumark-address}).</p>
<h1>4.<span style='font:7.0pt "Times New Roman"'>
</span>NO LIABILITY</h1>
<p class=MsoListParagraph>4.1<span style='font:7.0pt "Times New Roman"'>
</span><span style='font-family:"Proxima Nova","serif";color:black'>Besides
malicious intent (<i>Arglist</i>), intentional tort (<i>vorsätzliche Schädigung</i>)
or fraud (<i>Betrug</i>), any claim of the Token Holder against the Company
other than explicitly stated in this Agreement shall be excluded.</span></p>
<h1><a name="_Ref495860005">5.<span style='font:7.0pt "Times New Roman"'>
</span>MISCELLANEOUS</a></h1>
<p class=MsoListParagraph>5.1<span style='font:7.0pt "Times New Roman"'>
</span><b>Governing law; Jurisdiction</b>. In case of legal disputes and
proceedings in conjunction with the Agreement, any such proceedings shall be,
as far as legally permissible, subject to the exclusive jurisdiction of the
courts of Berlin, Germany. The laws of Germany shall apply to conditions stated
in the Smart Contracts with exclusion of its conflict of law rules and the UN
Convention on Contracts for the International Sale of Goods.</p>
<p class=MsoListParagraph>5.2<span style='font:7.0pt "Times New Roman"'>
</span><b>Ethereum fork</b>. In case of fork of Ethereum network where fork is
understood as a consensus algorithm change that splits existing Ethereum
network into one or more networks where Smart Contracts state may be
independently changed, only one network will be supported by the Company. For
announced forks Company may execute a transaction that informs Investor that
specific fork will be supported when activated. On fork activation, Company
shall execute a transaction on fork that it wishes to support to mark it as
such. Such transactions are executed to Ethereum Fork Arbiter Smart Contract
with address {fork-arbiter-sc-address}.</p>
<p class=MsoListParagraph><a name="_Ref495861373">5.3<span style='font:7.0pt "Times New Roman"'>
</span><b>Smart Contracts Code Update</b> (“Bug-fixing provision”). Smart
Contract may provide a mechanism to amend smart contract code without the
Investor authorization. This mechanism may be used to exclusively resolve
issues with (i) smart contract security; (ii) non-intentional deviations from
regulations as provided in sections </a>2 and 3 hereof; (iii) change the
structure of the source code, class interfaces, program control flow etc. if
this does not change regulations provided for in sections 2
and 3 hereof; (iv) translate source code to other computer language without
affecting the regulations provided for in sections 2 and 3
hereof; (v) amend the Smart Contracts provisions that became invalid or
impracticable due to external effects. </p>
<p class=MsoListParagraph><a name="_Ref495861406">5.4<span style='font:7.0pt "Times New Roman"'>
</span><b>Smart Contract Amendment</b>. No modification or amendment to any of
the Smart Contracts, other than Code Update described in section </a>5.3 hereof, shall be effective unless authorized by each Party by signing such
amended Smart Contract and voiding existing Smart Contract.</p>
<p class=MsoListParagraph>5.5<span style='font:7.0pt "Times New Roman"'>
</span><b>The effect of the Smart Contract Amendment on the Agreement</b>. An
amendment of one or both Smart Contracts pursuant to section 5.4
hereof shall be reflected in a corresponding amendment of the Agreement, if
necessary. The new version of the Agreement and its cryptographic hash will be
signed by Company by executing transaction on amended Smart Contract. The
Investor is solely responsible for getting acquainted with the most recent
version of the Agreement.</p>
<p class=MsoListParagraph>5.6<span style='font:7.0pt "Times New Roman"'>
</span><b>Agreement Amendment</b>. Except sections 2 and 3,
this Agreement may be amended, modified or supplemented by the Company without
the Investor authorization. The amendment of the Agreement and its
cryptographic hash will signed by Company and attached to Smart Contract by a
transaction as described in the preamble. The amended Agreement shall become
effective with the timestamp of Ethereum block containing such transaction. The
Investor is solely responsible for getting acquainted with the most recent
version of the Agreement.</p>
<p class=MsoListParagraph><b>5.7<span style='font:7.0pt "Times New Roman"'>
</span></b><b>Tax</b>. All obligations regarding taxes, which arise out of or
in connection with execution of rights and obligations of this Agreement shall
be borne by the Investor. The Company gives no guarantees, warranties,
verification and/or promises whatsoever with regard to the existence or
non-existence of any taxes in any jurisdiction.</p>
<p class=MsoListParagraph>5.8<span style='font:7.0pt "Times New Roman"'>
</span><b>Additional rules</b>. During the Neumark Token acquisition period
between the Start Date and the End Date additional rules or requirements may
apply, such as those indicated on the {website}.</p>
<h1 style='text-align:justify;text-indent:0in'> </h1>
<p class=MsoTitleCxSpFirst>Reservation Terms</p>
<p class=MsoTitleCxSpLast>For Investor {investor-address}</p>
<p class=MsoNormal> </p>
<p class=MsoNormal><b>Date of acquisition</b>: {reservation-date}</p>
<p class=MsoNormal><b>Reservation Amount</b>: {amount}</p>
<p class=MsoNormal><b>Reservation Period</b>: from {reservation-date} to
{release-date}</p>
<p class=MsoNormal><b>Neumark Grant</b>: {neumark-amount}</p>
<p class=MsoNormal><b>Neumark Acquisition Ratio</b>:
{neumark-acquisition-ratio}</p>
<p class=MsoNormal><i>Generated at block hash {current-block-hash}</i></p>
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