Legal Disclaimer

DEFINITIONS

“Decentralized Autonomous Organization (DAO)” means the organization represented by a series of smart contracts published on the Binance Smart Chain by Splinterlands, which, if launched, will be controlled by users of the Splinterlands Platform.

“Splinterlands” means Steem Monsters Inc. d/b/a Splinterlands, a Commonwealth of Pennsylvania corporation.

“Splinterlands Platform” means the blockchain based online card game developed by Splinterlands.

“User” means any individual and/or entity using the Splinterlands Platform.

LEGAL DISCLAIMER

This Splinterlands Governance Token Whitepaper is for general information purposes only. It does not constitute investment advice, recommendations, or any form of solicitation. Any information provided is at all times subject to change by the sole discretion of Splinterlands.

Splinterlands is creating the SPS Token to function within the Splinterlands ecosystem in order to provide increasing levels of decision-making ability and control over the product to the player-base, in-game item owners, and other stakeholders. No SPS token will represent any economic interest in Splinterlands at any time, and Splinterlands developed SPS for the purpose of use within the Splinterlands Platform.

Through the development of SPS, Splinterlands does not grant any rights, express or implied, other than the right to use SPS on the Splinterlands Platform or within the DAO. In particular, Splinterlands expressly denies any ability of the SPS token to represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to any Splinterlands product and/or Splinterlands and/or any of its corporate affiliates.

Splinterlands reserves the right to reject any usage of SPS tokens on the Splinterlands Platform. Splinterlands rejects any responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information provided, (ii) any error, omission or inaccuracy in any such information; or (iii) any action resulting from such information.

To the fullest extent permitted by applicable law and except as otherwise specified in writing by Splinterlands: (i) SPS tokens are provided on an “as is” and “as available” basis without warranties of any kind, and Splinterlands expressly disclaims all implied warranties as to the SPS tokens, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement; (ii) Splinterlands does not represent or warrant that the SPS tokens are reliable, current or error-free, or that technical defects in the SPS tokens will be corrected; and (iii) Splinterlands cannot and does not represent or warrant that the SPS tokens or the delivery mechanism for SPS tokens are free of viruses or other harmful components.

No terms in this Whitepaper constitute a prospectus, an offer document of any sort, or are intended to constitute an offer of securities, or a solicitation for investment in securities. If you receive SPS tokens through an airdrop, please note that any Splinterlands platform contribution and/or participation does not represent, constitute or involve the exchange of value for any form of securities, investment units and/or form of ordinary shares in any project, in any platform, in Splinterlands, or any other related company.

This Whitepaper in any part thereof and any copy thereof must not be transmitted to any country where distribution or dissemination of these documents and its information is prohibited or restricted. No regulatory authority has examined or approved to this date of any of the information set out in this document. The publication, distribution or dissemination of these terms do not imply that the applicable laws, regulatory requirements or rules have been complied with.

To the fullest extent permitted by the applicable laws, regulations and rules, Splinterlands, its founders, team members and any third party involved in the project shall not be liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on the information in this Whitepaper, or any part thereof and/or information provided on the Splinterlands web page.

To the fullest extent permitted by applicable law: (i) in no event will Splinterlands or any of the company parties be liable for any indirect, special, incidental, consequential, or exemplary damages of any kind (including, but not limited to, where related to loss of revenue, income or profits, loss of use or data, or damages for business interruption) arising out of or in any way related to the distribution or use of SPS, regardless of the form of action, whether based in contract, tort (including, but not limited to, simple negligence, whether active, passive or imputed), or any other legal or equitable theory (even if the party has been advised of the possibility of such damages and regardless of whether such damages were foreseeable); and (ii) in no event will the aggregate liability of Splinterlands and affiliate parties (jointly), whether in contract, warranty, tort (including negligence, whether active, passive or imputed), or other theory, arising out of or relating to SPS or the use of or inability to use SPS.

All statements contained in this Whitepaper, webpage, statements made in press releases or in any place accessible by the public and oral statements that may be made by Splinterlands, its founders, team members and any third party involved in the project and acting on behalf of Splinterlands, that are not statements of historical fact constitute “forward-looking statements”. No information in this Whitepaper should be considered to be business, legal, financial or advice regarding contribution or participation to the development of the Splinterlands Network and any of its projects. Splinterlands does not make or intends to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy, and completeness of any of the information set out in this Whitepaper.

All SPS recipients are responsible for implementing reasonable measures for securing their own wallet, vault or other storage mechanism used to receive and hold SPS tokens, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If any private key(s) or other access credentials are lost, the holder may lose access to their SPS Tokens. Splinterlands is not responsible for any losses, costs or expenses relating to lost access credentials. Splinterlands shall have no obligations in any form or whatsoever to you in respect of SPS tokens. It is the token holder’s entire responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities regarding any received SPS tokens.

Prior to the DAO launch, Splinterlands will maintain control over the protocol. Upon launch of the DAO, Splinterlands will no longer maintain any control over the protocol, which will be completely dictated by the DAO and the Binance smart chain. Splinterlands expressly denies any and all responsibility for any transactions occurring via the Binance smart chain or through any third party. Splinterlands also maintains the sole discretion to launch the SPS token on a different blockchain, and in no way is required to launch on the Binance smart chain or any other blockchain whatsoever.