1.1 SYNTEK tokens are issued by Syntek Services Inc. and electro-minted under license using the Waves Platform AG open source blockchain software.
1.2 Each SYNTEK token specifically exists to allow the end user (owner) to redeem the token for one (1) month of online sPaper™ service provided by Syngrafii Inc. (www.syngrafii.com) (hereinafter referred to as ‘Syngrafii’).
1.3 SYNTEK is not an investment advisor and shall not be understood and interpreted as such. SYNTEK tokens are NOT financial securities.
1.4 SYNTEK tokens are NOT cryptocurrency, regardless of what legal meaning word “cryptocurrency” has, unless and to the extent the meaning of SYNTEK tokens are described and defined by these terms and conditions.
2. Purchase of SYNTEK tokens
2.1 You agree to purchase, and we agree to sell, on the terms set forth herein, SYNTEK tokens. We can provide a refund of the purchase price according our terms and conditions.
2.2 The price of SYNTEK tokens is nominated in Canadian dollars (CAD)
2.3 The price of SYNTEK tokens may increase from time to time as would be posted on www.syntek.io
2.4 One (1) SYNTEK token is currently being sold for the promotional price of CA$15.00 (Fifteen CAD).
2.5 The minimum purchase amount of SYNTEK tokens is 5 tokens per transaction.
2.6 Once all SYNTEK tokens have been sold out, such statement shall be posted on www.syntek.io, after which, further requests to purchase tokens may be received by SYNTEK. However, we cannot guarantee that these requests would be fulfilled.
3. Refund policy
3.1 In any case where an end user has redeemed a SYNTEK token for Syngrafii sPpaer™ service, as per the Terms & Conditions stated herein, after which, the end user is not satisfied with the sPpaer™ service and has made claim of such dissatisfaction to Syngrafii in writing, and subsequently, if Syngrafii acknowledges in writing to SYNTEK that such claim is valid, ONLY THEN, SYNTEK will contact the end user directly and fully refund the full purchase price of said token(s) as have been claimed to be refundable by Syngrafii.
3.2 All validated refund payments would be reimbursed to a claimant (end user) in Canadian Dollars. The reimbursed funds would be returned to the end user via the same payment method which they used to initially purchase the SYNTEK token(s) being refunded.
4. SYNTEK Tokens Redemption
4.1 SYNTEK Tokens shall be redeemable by end users by going directly to www.syngrafii.com and subscribing for Syngrafii sPaper™ service by entering the hyper-link labeled ‘Redeem Syntek Tokens Here’. Upon accepting Syngrafii’s terms and conditions which would pop up, then, the end user shall be transferred into the SYNTEK e-wallet secure page where the end user shall be directed to electronically deliver one (1) Token from their registered SYNTEK e-wallet. This will create a unique authorization code for the redemption transaction which would then be electronically transmitted to www.syngrafii.com.
4.2 Syngrafii shall then internally electronically validate the Token being redeemed, using SYNTEK security protocols, and when validated, Syngrafii shall then issue electronically a validated invitation to the end user’s registered email which would contain a secure hyper-link which internally contains the validation code thereby allowing the end user to activate the Syngrafii sPaper™ service at a redemption rate stated herein above, equivalent to one (1) Token redeemed for one (1) month of unlimited usage.
4.3 First time end user activations of Syngrafii’s sPaper™ using a SYNTEK token shall receive their first month of sPaper™ service for FREE!
5. Intellectual Property
5.1 SYNTEK and/or Syngrafii retain all rights, title and interest in all of their respective intellectual property, including inventions, discoveries, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon. You may not use any of our intellectual property for any reason, except with our express, prior, written consent.
5.2 Waves Platform AG owns the blockchain software source code underlying the SYNTEK tokens which have been electro-minted under license.
5.3 You are being granted a non-exclusive, non-transferable, revocable license to access and use www.syntek.io (hereinafter referred to as the ‘Website’), and subsequently, to purchase and use the SYNTEK tokens strictly in accordance with the Terms & Conditions contained herein. As a condition of your use of the Website and the SYNTEK tokens is that you hereby irrevocably agree and warrant to SYNTEK that you will not use the Website and/or the SYNTEK tokens for any purpose that is unlawful or prohibited by the Terms & Conditions contained herein. You may not use the SYNTEK tokens in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party's use and enjoyment of the website, SYNTEK tokens or any other products offered thereto. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided to you through the Website and/or SYNTEK tokens and/or other services provided thereto.
5.4 All content included on the website, including the SYNTEK tokens, and associated products and services, such as, but not limited to, text, graphics, logos, images, source code, as well as the compilation thereof, and any software used on the Website are the respective property of SYNTEK and/or Syngrafii and/or Waves Platform AG, and protected by copyright, trademark and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
6.1 You agree to implement reasonable and appropriate measures designed to secure access to (i) any device associated with the email address associated with your account, (ii) private keys required to access any relevant website address, and (iii) your username, password and any other login or identifying credentials.
6.2 In case you suspect a security breach in any of the above mentioned, you agree to immediately inform us so we can take all required and possible measures to secure your account, your SYNTEK tokens and any related systems, as a whole.
6.3 In the event that you are no longer in possession of any device associated with your account or are not able to provide your login or identifying credentials, we may, in our sole discretion, and only if we are able, grant access to your account to any party providing additional credentials to us. We explicitly reserve the right to determine the additional credentials required, which may include, without limitation, a sworn, notarized statement of identity.
7.1 As a principle, SYNTEK collects only what we need and will not share your personal information with any third parties other than our identity verification partner (Syngrafii). Even within SYNTEK access to your personal information is limited to a subset of employees who work on compliance and identity verification matters ONLY. SYNTEK is the only data controller and processor.
7.2 You will provide to us, immediately upon our notice of request, information that we, in our sole discretion, deem to be required to maintain compliance with any federal, state or local law, regulation or policy. Such documents include, but are not limited to, passports, driver’s licenses, utility bills, photographs of you, government identification cards, or sworn statements.
7.3 SYNTEK reserves its right to request documentation, described in paragraph 8.2, prior to activating your account at any of SYNTEK services, and any services, available through the Website. SYNTEK may refuse you access to SYNTEK services and the Website should it have doubts as to validity, authenticity and genuineness of the documents, provided by you.
7.4 SYNTEK collects information from running the Website and products, provided thereto, and uses information, provided to us by you. When you visit the Website or use our products, we collect information sent to us by your computer, mobile phone, or other access device. This information may include your IP address, device information including, but not limited to, identifier, name, and type, operating system, mobile network information and standard web log information, such as your browser type, and the pages you accessed on our Website. When you use a location-enabled device with our Website and products, we may collect geographical location data or use various means to determine the location, such as sensor data from your device that may, for instance, provide data on nearby cell towers and wi-fi access spots. However, we will not release your personally-identifying information to any third party without your consent, except as set forth herein.
7.5 If you create an account at our Website and use our products, SYNTEK tokens included, we may collect and store the following types of information: Contact information – your name, address, phone, email and other similar information. Before permitting you to use our Website and products, we may require you to provide additional information (such as a date of birth, passport number, numbers that you may use or have registered with your local tax authority, or other data which can be used for personal identification purposes and that may be required to comply with applicable laws) so that we can verify your identity or address. We may also obtain information about you from third parties such as identity verification services.
7.6 When you use our Website, we collect information about your transactions (such as date, time and amount of transaction) and your other activities on our Website and we may collect information about your computer or other access device for fraud prevention purposes. We may collect additional information about you through your interactions with our support team.
7.7 When you access the Website or use our products or services we (or Google Analytics on our behalf) may place small data files called cookies on your computer or other device. We use these technologies to recognize you as our user; customize our Website and advertising; measure promotional effectiveness and collect information about your computer or other access device to mitigate risk, help prevent fraud, and promote trust and safety.
7.8 Throughout this policy, we use the term “personal information” to describe information that can be associated with a specific person and can be used to identify that person. We do not consider personal information to include information that has been anonymized so that it does not identify a specific user.
7.9 We protect your information using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards we use are firewalls and data encryption, physical access controls to our data centers, and information access authorization controls. We also authorize access to personal information only for those employees who require it to fulfil their job responsibilities. All of SYNTEK’s physical, electronic, and procedural safeguards are designed to comply with applicable laws and regulations.
7.10 We are sometimes required to compare the personal information you provide to third party databases in order to verify its accuracy and confirm your identity. This allows us to comply with state and federal anti-money laundering and “know your customer” regulations. We will not sell or rent your personal information to third parties. We may combine your information with information we collect from other companies and use it to improve and personalize the Website and our products, as well as our content and advertising. We may use your name and email address to provide you with information about products or services that may be of interest to you, but we will not use your personal information without complying with applicable laws and, where appropriate, obtaining your consent.
7.11 We reserve our right to share your personal information with:
(a) our banking partners (if you link a bank account, debit card, or credit card to your account);
(b) companies that we plan to merge with or be acquired by (should such a combination occur, we will require that the newly combined entity follow these terms with respect to your personal information, and you would as well receive prior notice of any change in applicable policy);
(c) 3rd party identification services providers for fraud prevention purposes;
(d) law enforcement, government officials, or other third parties when i) we are compelled to do so by a subpoena, court order, or similar legal procedure; or ii) we believe in good faith that the disclosure of personal information is necessary to prevent physical harm or financial loss, to report suspected illegal activity or to investigate violations of our terms;
(e) other third parties only with your prior consent or direction to do so.
7.12 SYNTEK will not provide your personal information to any other SYNTEK users without your consent or direction.
7.13 You may access, review and edit your personal information at any time by logging in to the Website using your credentials.
8.1 You agree that all your factual and potential tax obligations are your sole obligation, and further, you irrevocably agree that SYNTEK is not liable in any case and under no circumstance is bound to compensate you for your tax obligation or give you any advice related to tax issues, including but not limited what kind of filing or reporting you need to do with the competent tax authority, which taxes and to which extent you are obliged to pay, which tax exemptions you are eligible to etc.
8.2 All fees and charges payable by you are exclusive of any taxes, and shall certain taxes be applicable, they shall be added on top of the payable amounts. Upon our request, you will provide us any information we reasonably request to determine whether we are obligated to collect HST from you, including your HST identification number. If any deduction or withholding is required by law, you will notify us and will pay us any additional amounts necessary to ensure that the net amount that we receive, after any deduction and withholding, equals the amount we would have received if no deduction or withholding had been required. Additionally, you will provide us with documentation showing that the withheld and deducted amounts have been paid to the relevant taxing authority.
9. Access to services
SYNTEK reserves the right, in its sole discretion, to terminate your access to the Website and its related services or any portion thereof at any time, without notice, in particular due to legal grounds originating in anti-money laundering or ‘Know Your Client’ regulations and/or procedures which may regulate any purchase of SYNTEK tokens.
10.1 Under these Terms & Conditions, SYNTEK provide any notice to you as follows: (i) posting a notice on the Website; or (ii) sending an email to the email address then associated with your account. Notices we provide by posting on the Website will be effective upon posting and notices we provide by email will be effective when we send the email. It is your responsibility to keep your email address current. You will be deemed to have received any email sent to the email address then associated with your account when we send the email whether or not you actually received or read the email.
10.2 To give us notice to SYNTEK under these Terms & Conditions, you must contact us by email to email@example.com. We may update this email address for notices to us by posting a notice on our Website. Notices to us will be effective one business day after they are sent.
10.3 All communications and notices to be made or given pursuant to these Terms & Conditions must be in the English language.
11.1 You understand that SYNTEK tokens, blockchain technology, the Waves Platform AG blockchain software, and other associated and related technologies are new and outside of SYNTEK control and adverse changes in market forces or the technology, broadly construed, may affect SYNTEK’s performance under these Terms & Conditions.
11.2 In addition to the above, you also acknowledge that you have been warned of the following risks, associated with the Website and products offered thereto and in particular with SYNTEK tokens.
(a) Legal risks regarding securities regulations
There is a risk that in some jurisdictions SYNTEK might be considered to be a security, or that it might be considered to be a security in the future. SYNTEK has avoided making SYNTEK tokens available to natural and legal persons from such jurisdictions, however SYNTEK does not give warranties or guarantees that SYNTEK token is not a security also in all jurisdictions, where it was made available. Each user of SYNTEK tokens shall bear its own legal or financial consequences of SYNTEK being considered a security in their respective jurisdiction.
Acquiring cryptographic tokens in possession and exchanging them for other cryptographic tokens will most likely continue to be scrutinized by various regulatory bodies around the world, which has so far given mixed reactions and regulatory impact. The legal ability of SYNTEK to provide SYNTEK tokens could in some jurisdictions be eliminated by future regulation or legal actions. In the event, it turns out with a high degree certainty that SYNTEK tokens are not legal in certain jurisdiction, SYNTEK will either a) cease operations in that jurisdiction, or b) adjust SYNTEK tokens in a way to comply with the regulation should that be possible and viable.
(b) Risks associated with the Waves Platform AG
SYNTEK token is based upon the Waves protocol. As such, any malfunction, unintended function or unexpected functioning of the Waves protocol may cause the SYNTEK token to malfunction or function in an unexpected or unintended manner. Waves, the native unit of account of the Waves Protocol may itself lose value in ways similar to SYNTEK token, and also other ways. More information about the Waves protocol is available at http://www.wavesplatform.com
(c) Risks associated with users’ credentials
Any third party that gains access to the user’s login credentials for the Website or private keys may be able to dispose of the user’s SYNTEK tokens. To minimize this risk, the purchaser should guard against unauthorized access to their electronic devices.
(d) Risk of unfavorable regulatory action in one or more jurisdictions
Blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning of the Waves Platform AG and associated blockchain networks, and SYNTEK could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions on the use or possession of digital tokens like SYNTEK, which could impede or limit their existence, permissibility of their use and possession, and their redemption value.
(e) Risk of theft and hacking
Hackers or other groups or organizations may attempt to interfere with your token wallet, the Website or the availability of SYNTEK tokens in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks.
(f) Risk of security weaknesses in the SYNTEK source code or any associated software and/or infrastructure
There is a risk that the SYNTEK, or other third parties may unintentionally introduce weaknesses or bugs into the SYNTEK source code interfering with the use of or causing the loss of SYNTEK tokens.
(g) Risk of weaknesses or exploitable breakthroughs in the field of cryptography
Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Waves platform and SYNTEK, which could result in the theft or loss of tokens.
(h) Risk of low or no liquidity
Even though there are currently online service available, which enable possibility of exchange of cryptographic tokens between themselves, and also, some of them enable exchange of cryptographic tokens for fiat money, there are no warranties and/or guarantees given that SYNTEK tokens will be subject to exchange for other cryptographic tokens and/or fiat money, and no guarantees are given whatsoever with the capacity (volume) of such potential exchange. It shall be explicitly cautioned, that such exchange, if any, might be subject to poorly-understood regulatory oversight, and SYNTEK.io does not give any warranties in regard to any exchange services providers. Users might be exposed to fraud and failure
(i) Risk of uninsured losses
Unlike bank accounts or accounts at some other financial institutions, funds held using SYNTEK tokens or Waves Platform AG are entirely uninsured.
(j) Risk of malfunction in the Waves Platform AG or any other blockchain
It is possible that the Waves Platform AG or any other network, to which SYNTEK is interacting with, malfunctions in an unfavorable way, including but not limited to one that results in the loss of any SYNTEK tokens.
(k) Unanticipated risks
Cryptocurrencies and blockchains are new and untested technologies. In addition to the risks set forth here, there are risks that SYNTEK cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. Risks may further materialize as unanticipated.
11.3 SYNTEK tokens are provided “as is”. We and our affiliates and licensors make no representations or warranties of any kind, whether express, implied, statutory or otherwise regarding the SYNTEK tokens, including any warranty that the SYNTEK tokens will be uninterrupted, error free or free of harmful components, secure or not otherwise lost or damaged. Except to the extent prohibited by law, we and our affiliates and licensors disclaim all warranties, including any implied warranties of merchantability, satisfactory quality, fitness for a particular purpose, non-infringement, or quiet enjoyment, and any warranties arising out of any course of dealing or usage of trade.
12.1 SYNTEK and its affiliates and their respective officers, employees or agents will not be liable to you or anyone else for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use of this Website and its products), even if SYNTEK has been advised of the possibility of such damages or losses, including, without limitation, from the use or attempted use of this Website and/or its products or another linked Website.
12.2 Further, neither we nor any of our affiliates or licensors will be responsible for any compensation, reimbursement, or damages arising in connection with: (a) your inability to use the SYNTEK tokens, including without limitation as a result of any termination or suspension of the Waves network or this agreement, including as a result of power outages, maintenance, defects, system failures or other interruptions; (b) the cost of procurement of substitute goods or services; (c) any investments, expenditures, or commitments by you in connection with this agreement or your use of or access to the SYNTEK tokens; or (d) any unauthorized access to, alteration of, or the deletion, destruction, damage, loss or failure to store any data, including records, private key or other credentials, associated with any SYNTEK token.
12.3 You will defend, indemnify, and hold harmless us, our affiliates and licensors, and each of their respective employees, officers, directors, and representatives from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney fees) arising out of or relating to any third-party claim concerning these Terms & Conditions or your use of SYNTEK tokens contrary to these Terms & Conditions. If we or our affiliates are obligated to respond to a third-party subpoena or other compulsory legal order or process described above, you will also reimburse us for reasonable attorney fees, as well as our employees’ and contractors’ time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.
12.4 The information, software, products, and services included in or available through the Website may include inaccuracies or typographical errors. Changes are periodically added to the information herein. SYNTEK and/or its suppliers may make improvements and/or changes in the Website at any time. SYNTEK makes no representations about the suitability, reliability, availability, timeliness, and accuracy of the SYNTEK tokens, the Website, information, software, products, services and related graphics contained on the Website for any purpose. To the maximum extent permitted by applicable law, SYNTEK tokens, the Website, all such information, software, products, services and related graphics are provided "as is" without warranty or condition of any kind. SYNTEK.io hereby disclaims all warranties and conditions with regard to the SYNTEK tokens, the Website, information, software, products, services and related graphics, including all implied warranties or conditions of merchantability, fitness for a particular purpose, title and non-infringement.
13.1 By accepting these Terms & Conditions users are deemed to have read the Website and are aware of all risks and rules provided thereto.
13.2 We do not permit individuals under the age of 18 to register with our Website and use our products. If we become aware that a child under the age of 18 has provided us with personal information, we will delete such information from our files immediately and block its access to our Website and products.
13.3 We and our affiliates will not be liable for any delay or failure to perform any obligation under these Terms & Conditions where the delay or failure results from any cause beyond our reasonable control, including acts of God, labor disputes or other industrial disturbances, electrical, telecommunications, hardware, software or other utility failures, earthquake, storms or other elements of nature, blockages, embargoes, riots, acts or orders of government, acts of terrorism, or war, changes in blockchain technology (broadly construed), changes in the Waves Platform AG blockchain software, or any other blockchain protocols or any other force outside of our control.
13.4 We and you are independent contractors, and neither party, nor any of their respective affiliates, is an agent of the other for any purpose or has the authority to bind the other. Both parties reserve the right (a) to develop or have developed for it products, services, concepts, systems, or techniques that are similar to or compete with the products, services, concepts, systems, or techniques developed or contemplated by the other party and (b) to assist third party developers or systems integrators who may offer products or services which compete with the other party’s’ products or services.
13.5 These Terms & Conditions does not create any third-party beneficiary rights in any individual or entity.
13.6 You will not assign your rights herein, or delegate or sublicense any of your rights under these Terms & Conditions, without our prior written consent. Any assignment or transfer contrary to these terms will be void. Subject to the foregoing, these Terms & Conditions will be binding upon, and inure to the benefit of the parties and their respective successors and assigns.
13.7 The failure by us to enforce any provision of these Terms & Conditions will not constitute a present or future waiver of such provision nor limit our right to enforce such provision at a later time. All waivers by us must be unequivocal and in writing to be effective.
13.8 Except as otherwise set forth herein, if any portion of these Terms & Conditions is held to be invalid or unenforceable, the remaining portions of these Terms & Conditions will remain in full force and effect. Any invalid or unenforceable portions will be interpreted to affect the intent of the original portion. If such construction is not possible, the invalid or unenforceable portion will be severed from these Terms & Conditions, but the rest of the Terms & Conditions will remain in full force and effect.
13.9 All disputes or claims arising out of or in connection with this contract including disputes relating to its validity, breach, termination or nullity shall be finally settled under the laws of the Province of Ontario, Canada.
13.10 These Terms & Conditions represent the entire agreement between you and SYNTEK regarding the subject matter of these Terms & Conditions. These Terms & Conditions supersede all prior or contemporaneous representations, understandings, agreements, or communications between you and SYNTEK, whether written or verbal, regarding the subject matter of these Terms & Conditions. We will not be bound by, and specifically object to, any term, condition or other provision which is different from or in addition to the provisions of these Terms & Conditions (whether or not it would materially alter these Terms & Conditions) and which is submitted by you in any order, receipt, acceptance, confirmation, correspondence or other document.