Please read these General Terms of Service (“Terms”) carefully as they are a legally binding agreement between you and Single.Earth OÜ.

References in these Terms to "Single.Earth", "we", "our" or "us", are to Single.Earth OÜ and references to “user”, “you” or “your” are to the person who signs up to use the Single.Earth services.

1. General


About Single.Earth

The services under these Terms are provided by Single.Earth OÜ, a company established and existing under the laws of the Republic of Estonia with the registry code 14873080 and registered address at Telliskivi 60/2, Tallinn 10412, Estonia. Single.Earth operates under the virtual asset service provider licence issued by the Estonian Financial Intelligence Unit (licence no. FVT000524).

Our overall goal is to build a system of technical, scientific and financial means which would facilitate conservation of the natural environment to maintain and improve the provision of ecosystem services (namely carbon sequestration in biomass) and ecosystem integrity (function, structure and composition of ecosystems, i.e., biodiversity) globally. For further information, please see more information available on the Website.

Our services should be used only by persons that share this overall goal and who want to contribute to, and participate in, building that system in good faith.

Our agreement with you

These Terms set out the main terms and conditions of Single.Earth services and form the basis of our business relationship. In addition to the Terms, we have regulated and will regulate some aspects of our services in separate terms and conditions which apply to all or to specific categories of Users (Special Terms). At the date of the current version of the Terms, the following Special Terms exist:

a) Landowner Terms - applying to Landowners

b) Privacy Policy - applying to all Users

These Terms and the Special Terms may also have separate appendices which form an integral part of the respective document. The Terms, the Special Terms, and the Privacy Policy are jointly referred to as the “Agreement”.

Prior to making the User Account available to you, we ask you to agree to these Terms and to the Privacy Policy by clicking “I agree” on our Platform. Also, we ask for your agreement to any of the Special Terms prior to making respective services available to you. By agreeing, you confirm that you have read, understood and accepted the respective terms. Single.Earth and you are deemed to have entered into an agreement, and the Terms or the Special Terms become effective, from the moment Single.Earth grants you access to the respective service on the Platform.

If you do not agree to the Terms or to the Special Terms or it would be unlawful for you to use the services of Single.Earth, you should not provide your consent and you are not entitled to use our services.

In the Agreement, we refer to the Science Whitepaper in the Terms and we may publish other similar papers in the future that describe the concepts and policies we apply in providing our service (“Concept Papers”). We disclose them for information purposes only and they are not directly part of the Agreement.

All these documents mentioned in this section are accessible and can be downloaded from our Website (when published). We suggest that you download a copy of these documents or request us to send you a copy through email.

Risks related to virtual assets and our servicesIf you see MERIT tokens as an investment opportunity, please note that the value of MERITs can go up or down and do not invest unless you are prepared to lose all your money invested. MERIT token would be a high-risk investment. Similarly, although we work towards solutions for creating meaningful value for supporting the conservation of natural environments, there is no guarantee that a market or other use cases develop for transactions in MERIT tokens or that the value of MERIT tokens will reach or maintain a certain level. Virtual assets are not currently regulated in Estonia. Our operations are not supervised by any financial sector supervisory authority and we are not covered by any financial compensation scheme.

Before using our services and making transactions in MERIT tokens or in any other virtual asset, please make sure you understand how our Platform works and what are the related risks.

Limits on access and servicesAlthough our overall goal is to achieve global reach with the complete concept and service, we need to start small and grow gradually. This means that we will first focus on certain geographies, certain user groups, certain types of natural environments, certain functionalities, etc.

Also, our services, incl. the services related to wallets and MERITs, are made accessible and provided in the Republic of Estonia and our operations are managed and carried out in Estonia. We do not operate our business in any other country. Our activities are subject to different regulatory requirements and restrictions (e.g., laws on anti-money laundering, regulations on virtual assets and related services) and such regulations differ across countries. Also, there may be limitations by our cooperation partners and service providers, which we will need to follow (e.g. limitations on countries to and from which we can make or accept payments).

This all means that we will not provide services to all persons and there are limitations on the services, functionalities, volumes, etc. We will inform you of such restrictions when you access or use our Platform.

2. Defitinions


In addition to the capitalized terms and expressions defined elsewhere in the Terms, the capitalized terms and expressions below shall have the following meanings:

Assessment - an assessment by Single.Earth of the ecosystem services provided by a land registered on the Platform. The methodology and process of the Assessment is set out in the Science Whitepaper available on the Website

Buyer - a User, either private individual or a legal person, who registers themselves on the Platform for being able to financially contribute to the preservation and improvement of the provision of ecosystem services through the Platform or otherwise carry out transactions in MERIT tokens

Land Management - an application on the Platform that (a) allows registration of, and maintaining information regarding, land plots by Landowners and (b) displaying the status and progress of our Assessment

Landowner - a User, either private individual or a legal person, who registers themselves and their land plot(s) on the Platform for receiving MERIT tokens for the ecosystem services their land provides. Depending on the circumstances, this term refers to both a legal landholder of the registered land or to another person(s) who is entitled to manage the land, incl. a co-owner or a steward entitled to receive proceeds through ecosystem services provided by the respective land

Landowner Terms - the terms and conditions applying to Single.Earth and Landowners for using the Land Management application on the Platform

Marketplace - an application on the Platform for facilitating trades in, and transfers of, MERIT tokens

MERIT token / MERIT - a virtual asset minted by Single.Earth proving the occurrence of sequestration of 100kg of CO2 on a specific land plot based on the Assessment. The characteristics of a MERIT token as virtual asset will be determined by Single.Earth. MERIT token is not a financial instrument

Money Wallet - an application made available through the Platform that enables a User to store, view, transfer, and manage the balances of fiat money

Science Whitepaper - a document prepared and issued by Single.Earth describing the concepts and frameworks related to our assessments of ecosystem services and to MERIT minting. Paper is accessible through the Website

Single.Earth Platform / Platform - the web-based application operated by Single.Earth and made accessible to you through our Website. The Platform may include different applications, e.g. the Land Management for Landowners, the Marketplace for all Users to carry out transactions in MERIT tokens

Token Wallet - an application made available through the Platform that enables a User to store, view, transfer, and manage the balances of MERIT tokens and in case of Landowners, also Land NFTs (when introduced). (Together with Money Wallet, also referred to as the Wallets)

User - a registered client of Single.Earth, incl. both Landowners and Buyers

User Account - a unique account with Single.Earth set up for each User through which a User has access to the Single.Earth Platform

Website - a website www.single.earth operated by Single.Earth

3. User registration and user account


3.1. For using Single.Earth services a person must become a User on our Platform and open and maintain a User Account.

User registration

3.2. Each User may open only one User Account and it must be opened on the User’s own behalf, i.e. the User cannot act on another person’s behalf in opening the User Account and the assets held on the User Account must be those of the User.

3.3. In registering for the User Account, you confirm that:

a) you as a private individual are at least 18 years old;

b) you as a private individual, legal person, or other organization, have full legal capacity and are fully authorized to enter into an agreement with us;

c) your use of Single.Earth Platform and services will not violate any                       agreements, obligations, laws or regulations applicable to you.

3.4. Single.Earth will provide services only to registered Users whose identity has been verified and who have passed the customer due diligence process in accordance with the applicable laws and regulations.

During the registration phase, we ask you to identify yourself and provide us with information regarding yourself and your activities. We also ask you to provide us with certain documents evidencing the information provided. We may also ask you to provide additional information or explain the information already provided.

In order to verify the information you have provided, we have the right, and in some cases also the obligation, to make enquiries to public or private registries or to other sources or to engage third party service providers and share your information with them.

You confirm that the information you provide us during the registration and later during our relationship is true, accurate and complete.

3.5. It is our discretionary decision to register you as a User or refuse registration.We inform you of our decision through the Platform or via email.

3.6. For registering a land plot on the Platform, a Landowner is required to go through a land registration process as set out in the Landowner Terms.

Your obligations regarding the information

3.7. You undertake to immediately update the information you have provided with us during the User Account opening process whenever there is change in such information. Continuous integrity and accuracy of the information is very important for us and also for the purposes of ensuring the orderly functioning of the Platform.

We may ask you to provide us with additional information during our relationship if we deem this necessary for the purposes of understanding your activities on the Platform, ensuring accuracy and completeness of the information or otherwise in connection with our services. You undertake to provide us with the requested information without delay.

User Account

3.8. The User Account and Single.Earth services can be used only by a User. Each User opens an individual User Account and it is accessible through the Single.Earth Platform.

3.9. You agree to use the User Account and the Single.Earth services in good faith and in accordance with these Terms, incl. its appendices and also in compliance with applicable laws and regulations.

You must not use the Platform:

a) for the purposes of, or in connection with, laundering money, financing terrorism or weapons proliferation, environmental crime, fraud, corruption, bribery, cyber-crime, or other illegal activities;

b) In a way that adversely interferes with or attempts to interfere with the normal operations, and/or activities of the Platform or the legitimate interests of others, or to introduce a software virus or other disruptive program or do any other acts which would disrupt the orderly functioning of the Platform.

3.10. We have the right to suspend or terminate your access to the User Account or to any of the services on the Platform, incl. restrict your use of MERITs or funds you hold with us, on the grounds set out in the Section “Term and Termination” below.

In addition, we may suspend access to the User Account if we suspect or become aware of any unauthorized use of the User Account or if you inform us of such use.

3.11. The Platform or any of our services may also be temporarily inaccessible due to technical reasons while we deploy new functions or revise the existing ones. We will inform you in advance of any such planned halts.

Communication

3.12. In communicating with you, we will send you a message through your User Account or use the email address or the telephone number you have provided to us. You undertake to keep your contact details up-to-date. You can contact us either by sending us a message through the User Account or by sending an email to support@single.earth.

3.13. The language of our communication and services is English. When using the Platform you should be able to understand and communicate in English, incl. provide information and documents in English or translated into English, at our request. Although we would like to, we will not be able to support our service in all languages.

Account security

3.14. We are committed to maintaining the security of the Platform and have implemented industry standard protection for Single.Earth services. However, your individual actions may pose risks. You agree to keep your User Account access credentials (such as username and password) confidential, and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your User Account and personal information.

3.15. When you create a User Account, you agree to:

a) create a strong password that you do not use for any other website or online service;

b) maintain the security of your User Account by protecting your password and restricting unauthorized access to, or use of, your User Account; and

c) promptly notify us if you discover or otherwise suspect any security breaches related to your User Account, incl. unauthorized access or use.

3.16. You acknowledge that all instructions provided via the User Account will be treated as having been provided by you and you will bear all responsibilities arising from these instructions. If another person has provided instructions on Single.Earth Platform via your User Account, you will solely be liable for any damages to yourself, to Single.Earth or to other Users as a result of any unauthorized access.

4. Assessment of Ecosystem Services


4.1. Before MERITs can be minted and any services in relation to MERITs are provided, the following steps need to happen:

a) Landowner must register their land plot(s) through the Land Management application; and

b) Single.Earth has initiated the Assessment regarding registered land plots.

Land registration

4.2. Landowners are requested to go through the land registration process with each land plot they wish to sign up for the Assessment, and consequently, for receiving MERITs.

4.3. Each Landowner will need to separately agree to the Landowner Terms.

4.4. For the purposes of ensuring the quality and correctness of the Assessment and also, in order to collectively contribute to the conserving of natural environment, the Landowner Terms set out certain expectations and obligations on the Landowners (e.g. prohibition of clearcutting or environmental crime, informing Single.Earth of any adverse changes on the land plot or of plans for such change).

The Assessment

4.5. After a land plot is registered, we initiate the Assessment process in accordance with the Science Whitepaper. The Assessment is a continuous process.

The Assessment will be performed through the implementation of our models (incl. the Digital Twin) based on the information provided by Landowners and the data retrieved from external sources.

4.6. The Assessment regarding a land plot is carried out solely for the purpose of minting MERITs and for their intended use in accordance with our Agreement.

In order to avoid any confusion and misunderstandings, it is very important that you, especially as a Buyer, clearly understand what our Assessment is about and what a MERIT token represents.

Single.Earth enables Buyers to financially incentivise landowners to preserve and improve the provision of ecosystem services on their lands. MERITs are not to be used for offsetting greenhouse gas emissions elsewhere and should not be advertised or promoted as such. Please reach out to us for any support you may need.

MERIT tokens

4.7. The result of our Assessment is minted in the form a MERIT token and firstly credited to the Token Wallet of a Landowner whose land has provided the nominal value of the assessed ecosystem services.

The minting and the relationship with the Assessment is described in the Science Whitepaper.

4.8. MERITs will only be minted based on the Assessment. However, no MERIT is directly linked to a specific land plot after being minted.

MERIT tokens are fungible instruments, i.e. interchangeable among themselves.

4.9. MERITs and Token Wallets are operated on the public blockchain network Solana which is an open-source software project. We do not own or control any blockchain protocols and software, and assume no responsibility for the operation of the underlying protocols. There is no guarantee regarding the functionality, security, legality, or availability of the underlying protocols.

Should there be any changes to the blockchain protocols we use or if we reasonably deem necessary for other technical reasons, we have the right to amend, suspend or terminate the affected services, incl. the right to re-configure, re-deploy or replace the technical solution or parameters forming or underlying MERIT token or the Token Wallet (without materially affecting the value and content of these to the extent under our control).

4.10. The minting of MERIT tokens and crediting them to Token Wallets cannot be construed as our offer of virtual currencies (e.g. coins or tokens) to our Users or to the general public. In our dealings with MERITs, we do not raise capital for ourselves and do not receive otherwise proceeds from that process, except for fees that we may charge in accordance with these Terms.

5. The Platform and Services


5.1. Single.Earth is building an infrastructure and a combination of related services to enable (a) the Landowners to benefit from the ecosystem services their land provides and (b) the Buyers to contribute to the continuing provision of such services, and looking forward, (c) all the Users to use the value of the ecosystem services in their daily financial dealings.

Single.Earth operates this infrastructure through the Platform and in that connection provides Users the following services:

a) opening, maintaining and servicing a Token Wallet for each User;

b) crediting MERITs to the Token Wallets of Landowners (as the initial step after minting them);

c) holding MERITs for the benefit of a User in their respective Token Wallet.

We work towards making that list longer.

5.2. Single.Earth Platform does not support anonymous accounts or transactions, the identity of each User is verified and known to us.

Each User has the option to disclose their identity on the Platform so that there can be transparency among the Users. Information about the Token Wallets and transaction information will be available in the public Solana blockchain network (without your personal information).

Also, we have the right, and often also an obligation under the applicable law, to disclose the information about Users, Token Wallets and transactions in MERITs to government authorities, involved payment service providers, other virtual asset service providers or to other third parties.

The Token Wallet

5.3. Each Landowner will automatically be opened a Token Wallet from the moment their first land is registered on the Platform and the Assessment is initiated. Each Buyer will be opened an individual Token Wallet from the moment they first transfer money to Single.Earth to buy MERITs.

5.4. Token Wallet is opened as a custodial wallet in Single.Earth name which means that Single.Earth controls all the access keys related to the wallet.

In the initial mode, all Token Wallets are opened and maintained only for the purposes of keeping accounts and records of Users and the MERITs they are entitled to, either as a result of initial crediting or through transfers, if any. This means that you will initially have no control over, and cannot give any instructions regarding, the Token Wallet or the MERITs.

Depending on our development progress we will determine if, when and how we will grant you control over the Token Wallet and MERITs credited to the Token Wallet.

5.5. Token Wallet is accessible only through the Platform (in view mode initially).

5.6. Only MERITs, and in case of Landowners, also Land NFTs (when introduced), can be credited to, held and transacted in Token Wallets (i.e. no other virtual assets are accepted to the Token Wallet).

The Money Wallet

5.7. [the Money Wallet service is currently not available, coming soon]

5.8. Limitations may apply for withdrawing funds from the Money Wallet in case we have not been able to verify the identity of the User in accordance with the regulatory requirements or if geographical, currency, or amount based limitations are set by the payment service providers we use.

Burning MERIT tokens

5.9. [a Buyer will be able to burn the MERITs, coming soon]

Transactions in MERIT tokens

5.10. At the date of these Terms, and unless otherwise agreed separately, no transactions in MERITs are supported or facilitated on the Marketplace among the Users.

5.11. We will inform Users of the possibility to do transactions in MERITs through the Platform.

5.12. There is no assurance that an efficient and liquid market will develop for MERITs. There is also no assurance regarding the value of a MERIT or regarding the proceeds for a Landowner may receive through the Platform.

6. Fees


[This section is intentionally left blank as we will not charge any fees from our clients at the initial stage. Fees will be introduced at later stage and we will inform you of that in advance]

7. Changes to The Platform; Amendments to the Terms


Our Platform and services will change

7.1. Single.Earth is a start-up company and we continuously develop and enhance the Platform. For example, we are constantly developing our scientific models underlying the Assessment, the technical and operational solutions for MERITs and the Wallets, and working on our product offering. It will be a gradual progress and it will take time.

We also know that the regulatory environment for virtual assets and virtual asset service providers and expectations by the supervisory authorities are changing.

We reserve ourselves the discretion to amend, limit the access to, or terminate any of the functionalities and services on the Platform.

7.2 In order to improve our service and also to rely on our User community, we ask you to:

a) notify us at the first opportunity of any material circumstance or problem related to the Platform, the Website, our services, to the other Users, or otherwise;

b) act in good faith and reasonably, and to avoid causing any harm to Single.Earth or other Users.

Amendments to the Agreement and the Concept Papers

7.3. The above means that we will need to adjust the Agreement and the Concept Papers along with our progress. There may also be other reasons for amending these documents. Therefore, we reserve ourselves the right to unilaterally amend these documents. They are expected to change frequently during the coming years.

7.4. When we will introduce amendments to the Agreement, we will do that:

a) by requesting your agreement to the amendments or to the amended version of the Terms or the Special Terms through the Platform (as described above for providing your consent to these Terms). If you disagree, you will have the right not to accept the amendments and discontinue using all or the affected part of our Platform. In such case, the Agreement as a whole or the respective part will terminate (see for further details in the section Term and Termination below); or

b) by informing you of the amendments via e-mail or through the Platform at least 2 weeks prior to the new/amended Terms or the Special Terms becoming effective, in which case you have the right to terminate the Agreement as a whole or the respective terms and conditions, if you do not agree to the amendments, by notifying us via email within the implementation deadline. In such a case, the Agreement as a whole or the Terms or the Special Terms will terminate on the date the new terms and conditions become effective (see for further details in the section Term and Termination below).
If you do not inform us of your unacceptance, you are deemed to have agreed to the amendments.

7.5. When we will introduce amendments to the Concept Papers, we will inform you through the Platform and publicly through the Website at least 2 weeks prior to the amendments becoming effective.

8.Liability


Compensating the damage

8.1. In addition to other rights available under the applicable law and the Agreement, each party shall compensate the other party for any direct liabilities, damages, fines, penalties and costs incurred in connection with or directly arising from or out of any breach of the Agreement.

Neither party shall be liable for breach of the Agreement due to unforeseeable circumstances beyond their reasonable control (force majeure, as set out in the Estonian law).

8.2. You agree to compensate us for any direct damages and costs which we would suffer as a result of a claim by any third party due to your conduct as a User on the Platform.

8.3. In no event, including the negligent act or omission on its part, shall Single.Earth be liable to you, whether under the Agreement or otherwise in connection with it, in contract, tort, statutory duty or otherwise, in respect of any indirect, incidental or consequential losses or expenses including loss of profits, goodwill, reputation, business receipts or commercial opportunities, whether or not foreseeable.

Limitation of our liability

8.4. The Platform and our services are provided on an “as is” and “as available” basis as we have described them in the Agreement. We make no warranties of any kind, whether express or implied, in relation to the Website or the Platform, including but not limited to, implied warranties of satisfactory quality, functionality, fitness for your particular purpose, compatibility, security, condition or completeness. Also, as mentioned elsewhere in these Terms, we cannot ensure our services will be continuous, uninterrupted, timely or error-free.

The operation of the Platform and our services, including the Assessment, the blockchain network related activities, are relying on the availability and reliability of third party services and information. Although we make efforts ourselves to check on the quality of third-party information and services, we cannot fully eliminate the risk that the Platform or our services will be adversely affected by failures in third-party information or services.

You agree that we are not liable for any damages or costs you may incur as a result of any of the above.

8.5. The limitations on our liability herein may not apply if and to the extent it is prohibited by applicable law of the jurisdiction in which you reside.

9. Data Protection and Confidentiality


9.1. We will manage all and any personal information that we collect through the Website, incl. the Platform, in accordance with our Privacy Policy.

9.2. You acknowledge that in order to provide you services, we may process personal data about you as an individual. If you represent a legal entity, we may also collect personal data that you have or will provide to us concerning your employees, other associates, or other individuals. You confirm that your disclosure of any personal data relating to individuals other than yourself was or will be made in accordance with all applicable data protection and data privacy laws, and those data are accurate, up to date, and relevant when disclosed.

9.3. We acknowledge that certain information regarding you or your land or other information shared with us during the registration or business relationship is not personal information but can still be regarded as confidential. We agree to keep your information strictly confidential and use it solely for the purposes of operating the Platform and providing the services to you. You agree that we may disclose this information to third parties when we have a valid reason for it. When sharing your confidential information with third parties we agree to impose the same level of protection as to your personal information and only allow your confidential information to be accessed by those who require access to perform their tasks and duties, and to share only with third parties who have a legitimate purpose for accessing it. For a more detailed list of third parties we may share your personal and/or confidential information with please see our Privacy Policy.

10. Intellectual Property


10.1. Unless otherwise indicated by us, all copyright and other intellectual property rights in all content and other materials provided in connection with the services, including, but not limited to trademarks, trade names, logos, design, graphics, photos, unique technical and scientific solutions or inventions, and any rights attached to such intellectual property, and the intellectual property rights of software compilation, associated source code and software, are and remain the property of Single.Earth OÜ.

10.2. You may not copy, modify, transmit or use any of the foregoing materials or content for commercial purposes. The usage of Website and any of its subpages is also subject to our Website Terms of Use available at the Website - https://www.single.earth/terms-of-use.

10.3. Using Single.Earth services and logging into User Account shall not be deemed as Single.Earth transferring any intellectual property to you.

11.Term and Termination


11.1. The Agreement between you and us is without a term.

11.2. Single.Earth and a User have the right to terminate the Agreement or any of the Special Terms by giving a 30-days advance notice to the other party.

11.3. If you are a consumer and provided that you have not made any transactions in MERITs, you have the right to withdraw from the agreement with us within 14 days from the date of agreeing to the Terms or the Special Terms by notifying us via e-mail or through the Platform (‘Delete your account’). This would mean that the Agreement between us is canceled as if it had never been entered into.

If you have made a transaction in MERIT token(s) during the above withdrawal period, then our service regarding that transaction has been provided and the Agreement cannot be canceled. The withdrawal right does not apply to any transaction in MERIT token(s) itself as this is a transaction between you and another user of the Platform or Single.Earth.

11.4. Single.Earth has the right to extraordinarily terminate the Agreement without giving any prior notice if any of the following occurs:

a) you have materially breached the terms and conditions of the Agreement

b) you or a person related to you (e.g. your board member or an ultimate beneficial owner) launder money, finance terrorism or do other illegal transactions on the Platform or we have a suspicion that you or a person related to you carry out such activities on the Platform

c) you or a person connected with you have been convicted of money laundering, terrorist financing, environmental crime, or other criminal offences and there is a risk that our Platform may be used for criminal purposes or to promote criminal activities you or a person related to you (e.g. your board member or an ultimate beneficial owner) or your activities or the country or region you or the related person are from, is or becomes subject to an international sanction

d) the information you have provided to us is inaccurate or incomplete in material aspects, or you have not updated your information on the Platform and this adversely affects our ability to know you as a customer and carry out respective due diligence measures in accordance with applicable laws

e) you do not provide, or you refuse to provide, us with information we request for the purposes of knowing you as a customer and for carrying out adequate due diligence measures in accordance with applicable laws or for otherwise being able to provide you the services

f) you are or become a resident of any country or territory where we reasonably believe we cannot provide services;

g) your activity or inactivity as a User causes material or immaterial damages to us or to other Users or there is an actual threat that such damages would occur

h) we are instructed to terminate the Agreement by a court order or an instruction by a competent public authority.

Please note that due to reasons described elsewhere in these Terms (for example, related to business choices or regulatory reasons) we may determine to discontinue our services, in full or partly, which may mean that we will also terminate our business relationship, in full or partly, with you.

11.5. We have the right to immediately suspend your access to the User Account, incl. any of the wallets you have or freeze the MERITs or funds on the Money Wallet for the same reasons as set out in the previous clause. We shall not be liable for any damages or inconveniences such suspension would cause you.

11.6. In case the entire Agreement is terminated, and unless we agree otherwise,:

a) we will deduct any unpaid fees from your Money Wallet;

b) we stop minting the MERIT tokens, in case you are a Landowner;

c) all the matched but uncompleted transactions will be settled and all pending instructions for transactions will be deleted;

d) you shall sell the MERITs you have on the Marketplace, donate them or burn them. If you have not done so by the date of termination, we have the right to take the same action at our own discretion;

e) on the last day of the Agreement, we transfer the positive balance (after deducting unpaid fees, if any) of your Money Wallet to your bank account;

f) we will delete the User Account and remove your access to the Token Wallet and the Money Wallet

g) we will apply the terms and conditions of the Privacy Policy and laws and regulations for the retention and processing of the information related to the closed User Account.

In case only one of the Special Terms are terminated, we will take appropriate action to close your access to the respective service.

12.Complaints, Dispute Resolution, Governing Law


12.1. These Terms and all non-contractual obligations arising from or connected with them, and the use of the Single.Earth services will be governed by and construed in accordance with the laws of the Republic of Estonia. In case you are a consumer, you are also entitled to the protection of those mandatory provisions of law that would be applicable to you in the absence of this clause.

12.2. In case you have a concern or an issue with any of the services provided to you by Single.Earth OÜ, you can make a complaint to us by sending an email to our support team at support@single.earth. To ensure that we can respond as quickly as possible please include the following in your complaint communication: your name and account information that lets us identify you, the date on which the issue arose and a clear description of the issue.

12.3. We will notify you via email once we have received the complaint and the support team might ask for further information about the issue if needed. We will make our best effort to resolve the complaint as soon as possible and will send you our final response within 15 working days of receiving the complaint.

12.4. If you are not satisfied with our final response and/or disagree with the solution proposed by us, you can submit an application to the Estonian Consumer Disputes Committee, operating at the Estonian Consumer Protection Board and Technical Regulatory Authority, to resolve the dispute. If you live in the European Economic Area, you can also make a complaint on the European Commission website. When they ask for our contact email, enter support@single.earth.

12.5. We agree that any disputes regarding, or arising from execution of and performance under the Agreement, incl. the Terms and the Special Terms, will be solved by way of negotiations. In case the negotiations fail, the dispute may be brought in the courts of the Republic of Estonia. In case you are a consumer, you may also bring an action against us in the courts of the country of your residence.

13.Other Matters


13.1. Unless otherwise set out in these Terms, it is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the Platform, and to withhold, collect, report and pay the correct amount of tax to the appropriate tax authorities.

13.2. You agree that we may assign our rights under the Agreement or transfer the Agreement or any parts of it to a third person that belongs to the same group with Single.Earth or to a third party that Single.Earth may involve into the activities described in the Agreement without your separate consent. You may not assign or transfer any rights or obligations you have under the Agreement without our prior written approval.

13.3. If any portion of the Agreement is held invalid or unenforceable, such invalidity or enforceability will not affect the other provisions of the Agreement, which will remain in full force and effect, and the invalid or unenforceable portion will be given effect to the greatest extent possible.

13.4. Single.Earth provides only the services and performs only the activities that are described in the Agreement and in the Concept Papers. You should always consider your own circumstances prior to making any decisions and seek professional advice, if necessary. We do not provide you any advice, but we remain available to explain to you what and how we do in SIngle.Earth, including the risks that relate to our services and the MERITs.

Language

These Terms were originally written in English. To the extent any translated version of these Terms conflicts with the English version, the English version prevails.

Contacting Us

If there are any questions or suggestions regarding Single.Earth Website Terms of use or the Privacy Policy, you may contact us by sending an email to support@single.earth, or by postal mail using the information below and we will be happy to help.

Single.Earth OÜ
Telliskivi 60/2
Tallinn 10412
Estonia