Blog

01/09/2018
by Joseph R K Eshun

Ura Whitepaper

Please read the following notice carefully before proceeding to read this document (hereinafter “whitepaper”). This notice applies to all persons who read this document. Please note this notice may be altered or updated.

NOTICE

This whitepaper has been prepared to educate and advance a general understanding about Ura. Ura is money drawn on reserves of Resource Mobilization Inc (“RMI”). Ura was intended to be a Utility, for assignment of the company’s accounts receivable but the ease of exchange, made Ura good to be used as medium of exchange and a store of value. The term Ura was derived from the acronym for Universal Receivables Assignment – and adopted on 11/14/14 by board resolution to be the name of the money drawn on the reserves of RMI.

The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship or constitute any relations between you and distributors. Its sole purpose is to provide relevant and reasonable information to the reader as a potential Ura holder.

Distributors of this whitepaper accept responsibility for the information contained herein. Reasonable care has been taken to ensure that, the information contained in this whitepaper is in accordance with the facts available and contains no omission likely to affect the utility of Ura.

The Whitepaper is being made publicly available for information purposes only and does not require any action to be taken by the public. You, as the recipients of this whitepaper, should familiarize and inform yourself with all the information set out in this Whitepaper, all potential risks, applicable regulations that you should consider and observe. We recommend that you seek out independent professional advice to not only give you sound professional advice but also ensure that you are aware of all of the would be risks before engaging in any sort of business endeavor.

The information contained herein may from time to time be translated into other languages or used during written or verbal communications with existing and prospective customers. In the course of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language whitepaper, the provisions of this English language original document shall prevail.

Introduction | The Challenge

Even though the receivables market is liquid, this is only true for those people and organizations already in the "system" – i.e. brokers, financial institutions and accredited investors running businesses in UN convention covered transactions namely forfaiting, factoring, asset-based lending, securitization, and project finance transactions and powerful persons able to sell even debt being money they owe. The ordinary person is unfortunately forced to go through all the levels of hell in the form of know-how, know-your-customer (KYC) and compliance checks at each and every level of the receivables exchange cycle, signing of contracts, paying of commissions, etc resulting in ordinary persons (juristic and natural) opting out of receivables trading thus locked out of the benefits arising out of receivables trading.

The trade of Receivables is further hampered by (i) the low levels of understanding of the receivables market by the end client who because Receivables are varied, lump receivables into one Asset Class and consider their trade to be the same as factoring; (ii) lack of sufficient receivables finance data that is standardized, transparent, or granular, making it more difficult to package; (iii) the fact that receivables as an asset is not a visible and has very limited information on pricing; (iv) funds that have invested in receivables typically are not scalable, and mention the high barriers of entry to develop product due to the need for expertise around custody, settlement and documentation; (iv) due to the potential for large information asymmetries, assessing and maintaining underwriting standards is problematic thus reducing investors’ willingness to provide funds; and (v) barriers to trade such as the red tape around receivables exchange which constitutes the main reason why end client change their mind about trading receivables.

Quite apart from (i) the above challenges, barriers to trade and exchange and friction that discourage trade of receivables, (ii) the fact that Receivables are difficult to physically transfer or subdivide such that buyers and sellers have instead traded paper that represents receivables which have resulted in complex and cumbersome paper and legal agreements, that are difficult to transfer and hard to track, (iii) the advent of a tough economy characterized by increased competition and new technologies, and (iv) Prompt development of digitalization in all sectors triggers change within the receivables market as a sub-sector of the financial market because existing approaches to exchanging receivables are no longer in-demand as the procedures are complicated, long and cannot keep up with the pace of change, that new technologies bring to virtually every aspect of one’s life. Tokenization has come along to provide reliable instruments and revolutionize the receivables market and the financial industry as a whole to create extremely simple, convenient systems, where within minutes you can get money on the exchange or trade of tokenized receivables as well as withdraw capital. Ura places tokenization of accounts receivables in its rightful place as the most honest form of money.

The Solution | Ura

The modern solution is tokenization. Ura - a product of tokenization of accounts receivables, has thus simplified the assignment of RMI and its affiliates accounts receivables and extended the benefits of Ura to all via Ura as a currency. Ura is digitizable, distributable via blockchain and via traditional means of circulating money. Ura distribution via traditional circulation of money or in digital form or via blockchain is exchange of honest money, therefore exchange of Ura in coins, bills and tokens, digital distribution any form or via blockchain technology is exchange of honest earned money.

Ura is designed to be a non-recourse receivables assignment and true sale of account receivables. Because Ura is a store of the value of accounts receivables and because it is easy to exchange, it makes Ura good to be used as medium of exchange, a store of value, and a standard of value; unit of exchange and transfer of value without legal, technical, or operational complications. Kindly be advised that Ura is a token that is not backed by accounts receivables but rather is the accounts receivables themselves that have been tokenized into coins, bills, prepaid cards for ease of exchange physically and digitally via blockchain technology.

Subject to Issuer's Reserve Policy, the technical limit of the amount of Ura in circulation is equal to 100% of all accounts receivables held by Resource Mobilization Inc drawn at the rate of US$1.00 worth of receivables held for U0.65898 (Zero point six five eight nine eight Ura). Any additional Ura issue shall be subject to prevailing reserve policy of RMI. There is therefore a finite amount of Ura in circulation at any point in time.

URA can be obtained, acquired or exchanged from any URA holder or Ura bank anywhere in the world including vendors holding Ura and willing to exchange on katota malls. Vendor fees apply.

Ura existence will promote the availability of capital and credit and thus facilitate global development as was envisaged in the UN convention on Assignment of Receivables in International trade.

Your purchase of Ura is deemed to be your acknowledgment and agreement to statements and the disclaimers of this entire document; all rights are reserved.

DISCLAIMERS

1. Not legal advice

The information contained in this whitepaper is not legal advice as the content has been prepared without considering your legal circumstances, objectives, or needs. Distributors, its employees, or contractors who wrote or modified the information herein are NOT providing legal advice and are NOT creating or entering into an Attorney-Client relationship. This whitepaper is NOT a substitute for the advice of your own attorney.

2. Not investment advice

The contents of this Whitepaper are not a financial promotion, nor should they be construed as investment or tax advice; therefore, none of the contents of this Whitepaper serves as an invitation or inducement to engage in any sort of investment activity not proffer investment advice in any way whatsoever. Nothing in this whitepaper shall be deemed to constitute a prospectus of or a solicitation for investment or an offer of any investments in any jurisdiction. This whitepaper is not composed in accordance with any law and is not subject to the laws or regulations of any jurisdiction designed to protect investors. Please seek out your own investment advice or information.

3. Not securities prospectus

Based on the famous Howey test the Ura are not securities or a collective investment scheme because (i) the Ura do not grant to the User any voting or ownership rights; (ii) the Ura do not grant to the Holder any return on investment; and (iii) the Ura do not grant to the Holder any profit and passive income from the ownership of the Ura; therefore, the Ura are not securities and are not intended to constitute securities in any jurisdiction and are not registered with any government entity as a security, and shall not be considered as such. Nothing in this whitepaper shall constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. This whitepaper is not composed in accordance with and is not subject to the securities laws of any jurisdiction in which a potential Ura buyer and/or holder is a resident or laws of any jurisdiction designed to protect investors.

4. Not shares prospectus

This whitepaper does not constitute an offer or invitation to any person to subscribe for or purchase shares, stock or any other rights in distributors. Thus, no shares or other stock of distributors are being offered for subscription or sale in any jurisdiction pursuant to the Whitepaper.

5. Forward looking statements

Some of the statements, estimates and financial information contained in this whitepaper are forward-looking statements and information which reflect distributors' current views with respect to the demand for virtual currency. Statements which include the words ''expects'', ''intends'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties.

Accordingly, there are or will be important factors that could cause the actual utility of Ura to differ materially from those indicated in such forward-looking statements.

The cautionary statements made in this whitepaper should be read as being applicable to all related forward-looking statements wherever they appear in this whitepaper. These forward-looking statements speak only as of the date of this whitepaper. Subject to acceptable market disclosure and transparency rules and common practices, distributors undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to distributors or individuals acting on behalf of distributors are expressly qualified in their entirety by this paragraph. Prospective buyers and holders of Ura should specifically consider any factors identified in this whitepaper before making a purchase decision.

RISK STATEMENT

THE URA REFERRED TO IN THIS WHITEPAPER HAVE NOT BEEN REGISTERED, APPROVED, OR DISAPPROVED BY THE US SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER REGULATORY AUTHORITY NOR ANY OF THE FOREGOING AUTHORITIES EXAMINED OR APPROVED THE ACCURACY OR THE ADEQUACY OF THE INFORMATION CONTAINED IN THIS WHITEPAPER UNDER, THE U.S. SECURITIES ACT OF 1933 AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. BUYERS OF URA REFERRED TO IN THIS WHITEPAPER SHOULD BE AWARE THAT THEY BEAR ANY RISKS INVOLVED IN THE PURCHASE OF URA, IF ANY, FOR AN INDEFINITE PERIOD OF TIME.

No regulatory authority has examined or approved any of the information set out in this whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this whitepaper does not imply that the applicable laws, regulatory requirements, or rules have been complied. Thus, this whitepaper is not approved, endorsed by, or affiliated with any state, government or licensing entity.

To the maximum extent permitted by the applicable laws, regulations and rules, distributors and its affiliates and their respective officers, employees or agents will not be liable for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to the utility of Ura that result from use or loss of use of Ura). INFORMATION IN THIS DOCUMENT IS PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING AS TO LEGAL EFFECT AND COMPLETENESS. Neither distributors nor its Attorneys give any warranties or represent that the whitepaper is accurate or complete. When accessing this whitepaper, you must rely on your own judgment and the advice of your own professional advisers as to the accuracy and completeness of this whitepaper.

For the avoidance of doubt, distributors, its Attorneys, and its employees expressly disclaims any and all responsibility and liability for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this whitepaper, (ii) any error, omission or inaccuracy in any such information, (iii) any action resulting therefrom, or (iv) usage or acquisition of Ura.


K1MALLS WEBSITE TERMS OF USE

03/14/2019
by Joseph R K Eshun

K1MALLS

WEBSITE TERMS OF USE

Legal Information & Notices

Ownership of Site; Agreement to Terms of Use

These Terms and Conditions of Use (the "Terms of Use") apply to the K1malls web site located at www.K1malls.com, and all associated sites linked to www.K1malls.com by K1malls, its subsidiaries and affiliates, including K1malls sites around the world (collectively, the "Site"). The Site is the property of K1malls. ("K1malls") and its licensors. BY USING THE SITE, YOU AGREE TO THESE TERMS OF USE; IF YOU DO NOT AGREE, DO NOT USE THE SITE.

K1malls reserves the right, at its sole discretion, to change, modify, add or remove portions of these Terms of Use, at any time. It is your responsibility to check these Terms of Use periodically for changes. Your continued use of the Site following the posting of changes will mean that you accept and agree to the changes. As long as you comply with these Terms of Use, K1malls grants you a personal, non-exclusive, non-transferable, limited privilege to enter and use the Site.

Content

All text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code (collectively, "Content"), including but not limited to the design, structure, selection, coordination, expression, "look and feel" and arrangement of such Content, contained on the Site is owned, controlled or licensed by or to K1malls, and is protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.

Except as expressly provided in these Terms of Use, no part of the Site and no Content may be copied, reproduced, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted or distributed in any way (including "mirroring") to any other computer, server, Web site or other medium for publication or distribution or for any commercial enterprise, without K1malls’s express prior written consent.

You may use information on K1malls products and services (such as data sheets, knowledge base articles, and similar materials) purposely made available by K1malls for downloading from the Site, provided that you (1) not remove any proprietary notice language in all copies of such documents, (2) use such information only for your personal, non-commercial informational purpose and do not copy or post such information on any networked computer or broadcast it in any media, (3) make no modifications to any such information, and (4) not make any additional representations or warranties relating to such documents.

Your Use of the Site

You may not use any "deep-link", "page-scrape", "robot", "spider" or other automatic device, program, algorithm or methodology, or any similar or equivalent manual process, to access, acquire, copy or monitor any portion of the Site or any Content, or in any way reproduce or circumvent the navigational structure or presentation of the Site or any Content, to obtain or attempt to obtain any materials, documents or information through any means not purposely made available through the Site. K1malls reserves the right to bar any such activity.

You may not attempt to gain unauthorized access to any portion or feature of the Site, or any other systems or networks connected to the Site or to any K1malls server, or to any of the services offered on or through the Site, by hacking, password "mining" or any other illegitimate means.

You may not probe, scan or test the vulnerability of the Site or any network connected to the Site, nor breach the security or authentication measures on the Site or any network connected to the Site. You may not reverse look-up, trace or seek to trace any information on any other user of or visitor to the Site, or any other customer of K1malls, including any K1malls account not owned by you, to its source, or exploit the Site or any service or information made available or offered by or through the Site, in any way where the purpose is to reveal any information, including but not limited to personal identification or information, other than your own information, as provided for by the Site.

You agree that you will not take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Site or K1malls’s systems or networks, or any systems or networks connected to the Site or to K1malls.

You agree not to use any device, software or routine to interfere or attempt to interfere with the proper working of the Site or any transaction being conducted on the Site, or with any other person’s use of the Site.

You may not forge headers or otherwise manipulate identifiers in order to disguise the origin of any message or transmittal you send to K1malls on or through the Site or any service offered on or through the Site. You may not pretend that you are, or that you represent, someone else, or impersonate any other individual or entity.

You may not use the Site or any Content for any purpose that is unlawful or prohibited by these Terms of Use, or to solicit the performance of any illegal activity or other activity which infringes the rights of K1malls or others.

Purchases; Other Terms and Conditions

Additional terms and conditions may apply to purchases of goods or services and to specific portions or features of the Site, including contests, promotions or other similar features, all of which terms are made a part of these Terms of Use by this reference. You agree to abide by such other terms and conditions, including where applicable representing that you are of sufficient legal age to use or participate in such service or feature. If there is a conflict between these Terms of Use and the terms posted for or applicable to a specific portion of the Site or for any service offered on or through the Site, the latter terms shall control with respect to your use of that portion of the Site or the specific service.

K1malls’s obligations, if any, with regard to its products and services are governed solely by the agreements pursuant to which they are provided, and nothing on this Site should be construed to alter such agreements.

K1malls may make changes to any products or services offered on the Site, or to the applicable prices for any such products or services, at any time, without notice. The materials on the Site with respect to products and services may be out of date, and K1malls makes no commitment to update the materials on the Site with respect to such products and services.

The following terms also govern and apply to your use of the Site, and they are incorporated herein by this reference:

o Guidelines for Using K1malls Trademarks & Copyrights

o Rights & Permissions

o K1malls’s Unsolicited Idea Submission Policy

Each of these policies may be changed from time to time and are effective immediately upon posting such changes on the Site.

Accounts, Passwords and Security

Certain features or services offered on or through the Site may require you to open an account (including setting up an K1malls ID and password). You are entirely responsible for maintaining the confidentiality of the information you hold for your account, including your password, and for any and all activity that occurs under your account as a result of your failing to keep this information secure and confidential. You agree to notify K1malls immediately of any unauthorized use of your account or password, or any other breach of security. You may be held liable for losses incurred by K1malls or any other user of or visitor to the Site due to someone else using your K1malls ID, password or account as a result of your failing to keep your account information secure and confidential.

You may not use anyone else’s K1malls ID, password or account at any time without the express permission and consent of the holder of that K1malls ID, password or account. K1malls cannot and will not be liable for any loss or damage arising from your failure to comply with these obligations.

Privacy

K1malls’s Privacy Policy applies to use of this Site, and its terms are made a part of these Terms of Use by this reference. Additionally, by using the Site, you acknowledge and agree that Internet transmissions are never completely private or secure. You understand that any message or information you send to the Site may be read or intercepted by others, even if there is a special notice that a particular transmission (for example, credit card information) is encrypted.

Links to Other Sites and to the K1malls Site

This Site may contain links to other independent third-party Web sites ("Linked Sites"). These Linked Sites are provided solely as a convenience to our visitors. Such Linked Sites are not under K1malls’s control, and K1malls is not responsible for and does not endorse the content of such Linked Sites, including any information or materials contained on such Linked Sites. You will need to make your own independent judgment regarding your interaction with these Linked Sites.

Disclaimers

K1MALLS DOES NOT PROMISE THAT THE SITE OR ANY CONTENT, SERVICE OR FEATURE OF THE SITE WILL BE ERROR-FREE OR UNINTERRUPTED, OR THAT ANY DEFECTS WILL BE CORRECTED, OR THAT YOUR USE OF THE SITE WILL PROVIDE SPECIFIC RESULTS. THE SITE AND ITS CONTENT ARE DELIVERED ON AN "AS-IS" AND "AS-AVAILABLE" BASIS. ALL INFORMATION PROVIDED ON THE SITE IS SUBJECT TO CHANGE WITHOUT NOTICE. K1MALLS CANNOT ENSURE THAT ANY FILES OR OTHER DATA YOU DOWNLOAD FROM THE SITE WILL BE FREE OF VIRUSES OR CONTAMINATION OR DESTRUCTIVE FEATURES. K1MALLS DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. K1MALLS DISCLAIMS ANY AND ALL LIABILITY FOR THE ACTS, OMISSIONS AND CONDUCT OF ANY THIRD PARTIES IN CONNECTION WITH OR RELATED TO YOUR USE OF THE SITE AND/OR ANY K1MALLS SERVICES. YOU ASSUME TOTAL RESPONSIBILITY FOR YOUR USE OF THE SITE AND ANY LINKED SITES. YOUR SOLE REMEDY AGAINST K1MALLS FOR DISSATISFACTION WITH THE SITE OR ANY CONTENT IS TO STOP USING THE SITE OR ANY SUCH CONTENT. THIS LIMITATION OF RELIEF IS A PART OF THE BARGAIN BETWEEN THE PARTIES.

The above disclaimer applies to any damages, liability or injuries caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction of or unauthorized access to, alteration of, or use, whether for breach of contract, tort, negligence or any other cause of action.

K1malls reserves the right to do any of the following, at any time, without notice: (1) to modify, suspend or terminate operation of or access to the Site, or any portion of the Site, for any reason; (2) to modify or change the Site, or any portion of the Site, and any applicable policies or terms; and (3) to interrupt the operation of the Site, or any portion of the Site, as necessary to perform routine or non-routine maintenance, error correction, or other changes.

Limitation of Liability

Except where prohibited by law, in no event will K1malls be liable to you for any indirect, consequential, exemplary, incidental or punitive damages, including lost profits, even if K1malls has been advised of the possibility of such damages.

If, notwithstanding the other provisions of these Terms of Use, K1malls is found to be liable to you for any damage or loss which arises out of or is in any way connected with your use of the Site or any Content, K1malls’s liability shall in no event exceed the greater of (1) the total of any subscription or similar fees with respect to any service or feature of or on the Site paid in the six months prior to the date of the initial claim made against K1malls (but not including the purchase price for any K1malls hardware or software products or any similar support program), or (2) US$100.00. Some jurisdictions do not allow limitations of liability, so the foregoing limitation may not apply to you.

Indemnity

You agree to indemnify and hold K1malls, its officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries and affiliates, harmless from any demands, loss, liability, claims or expenses (including attorneys’ fees), made against K1malls by any third party due to or arising out of or in connection with your use of the Site.

Violation of These Terms of Use

K1malls may disclose any information we have about you (including your identity) if we determine that such disclosure is necessary in connection with any investigation or complaint regarding your use of the Site, or to identify, contact or bring legal action against someone who may be causing injury to or interference with (either intentionally or unintentionally) K1malls’s rights or property, or the rights or property of visitors to or users of the Site, including K1malls’s customers. K1malls reserves the right at all times to disclose any information that K1malls deems necessary to comply with any applicable law, regulation, legal process or governmental request. K1malls also may disclose your information when K1malls determines that applicable law requires or permits such disclosure, including exchanging information with other companies and organizations for fraud protection purposes.

You acknowledge and agree that K1malls may preserve any transmittal or communication by you with K1malls through the Site or any service offered on or through the Site, and may also disclose such data if required to do so by law or K1malls determines that such preservation or disclosure is reasonably necessary to (1) comply with legal process, (2) enforce these Terms of Use, (3) respond to claims that any such data violates the rights of others, or (4) protect the rights, property or personal safety of K1malls, its employees, users of or visitors to the Site, and the public.

You agree that K1malls may, in its sole discretion and without prior notice, terminate your access to the Site and/or block your future access to the Site if we determine that you have violated these Terms of Use or other agreements or guidelines which may be associated with your use of the Site. You also agree that any violation by you of these Terms of Use will constitute an unlawful and unfair business practice, and will cause irreparable harm to K1malls, for which monetary damages would be inadequate, and you consent to K1malls obtaining any injunctive or equitable relief that K1malls deems necessary or appropriate in such circumstances. These remedies are in addition to any other remedies K1malls may have at law or in equity.

You agree that K1malls may, in its sole discretion and without prior notice, terminate your access to the Site, for cause, which includes (but is not limited to) (1) requests by law enforcement or other government agencies, (2) a request by you (self-initiated account deletions), (3) discontinuance or material modification of the Site or any service offered on or through the Site, or (4) unexpected technical issues or problems.

If K1malls does take any legal action against you as a result of your violation of these Terms of Use, K1malls will be entitled to recover from you, and you agree to pay, all reasonable attorneys’ fees and costs of such action, in addition to any other relief granted to K1malls. You agree that K1malls will not be liable to you or to any third party for termination of your access to the Site as a result of any violation of these Terms of Use.

Governing Law; Dispute Resolution

You agree that all matters relating to your access to or use of the Site, including all disputes, will be governed by the laws of the relevant state that a K1malls site is managed from around the world without regard to that particular relevant state’s conflicts of laws provisions. You agree to the personal jurisdiction by and venue in the state and courts in the relevant state, and waive any objection to such jurisdiction or venue. Any claim under these Terms of Use must be brought within one (1) year after the cause of action arises, or such claim or cause of action is barred. Claims made under the separate terms and conditions of purchase for goods and services are not subject to this limitation. No recovery may be sought or received for damages other than out-of-pocket expenses, except that the prevailing party will be entitled to costs and attorneys’ fees. In the event of any controversy or dispute between K1malls and you arising out of or in connection with your use of the Site, the parties shall attempt, promptly and in good faith, to resolve any such dispute. If we are unable to resolve any such dispute within a reasonable time (not to exceed thirty (30) days), then either party may submit such controversy or dispute to mediation. If the dispute cannot be resolved through mediation, then the parties shall be free to pursue any right or remedy available to them under applicable law.

Void Where Prohibited

K1malls administers and operates the www.K1malls.com Site from its location in Ohio, USA; other K1malls sites may be administered and operated from various locations outside the United States. Although the Site is accessible worldwide, not all features, products or services discussed, referenced, provided or offered through or on the Site are available to all persons or in all geographic locations, or appropriate or available for use outside the United States. K1malls reserves the right to limit, in its sole discretion, the provision and quantity of any feature, product or service to any person or geographic area. Any offer for any feature, product or service made on the Site is void where prohibited. If you choose to access the Site from outside the United States, you do so on your own initiative and you are solely responsible for complying with applicable local laws.

Miscellaneous

You may not use or export or re-export any Content or any copy or adaptation of such Content, or any product or service offered on the Site, in violation of any applicable laws or regulations.

If any of the provisions of these Terms of Use are held by a court or other tribunal of competent jurisdiction to be void or unenforceable, such provisions shall be limited or eliminated to the minimum extent necessary and replaced with a valid provision that best embodies the intent of these Terms of Use, so that these Terms of Use shall remain in full force and effect. These Terms of Use constitute the entire agreement between you and K1malls with regard to your use of the Site, and any and all other written or oral agreements or understandings previously existing between you and K1malls with respect to such use are hereby superseded and cancelled. Other than as provided in a purchase agreement you enter into with K1malls, K1malls will not accept any counter-offers to these Terms of Use, and all such offers are hereby categorically rejected. K1malls’s failure to insist on or enforce strict performance of these Terms of Use shall not be construed as a waiver by K1malls of any provision or any right it has to enforce these Terms of Use, nor shall any course of conduct between K1malls and you or any other party be deemed to modify any provision of these Terms of Use. These Terms of Use shall not be interpreted or construed to confer any rights or remedies on any third parties.

K1malls provides access to K1malls international data and, therefore, may contain references or cross references to K1malls products, programs and services that are not announced in your country. Such reference does not imply that K1malls in your country intends to announce such products, programs or services.

Feedback and Information

Any feedback you provide at this site shall be deemed to be non-confidential. K1malls shall be free to use such information on an unrestricted basis.

The information contained in this web site is subject to change without notice.
Copyright © 1997-2018 K1malls Inc. All rights reserved.

TRANSACTION SERVICES AGREEMENT

07/20/2018
by Joseph Eshun

Transaction Services Agreement

Updated May 01, 2018

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY! PLEASE PAY ATTENTION TO PROVISIONS THAT EXCLUDE OR LIMIT LIABILITY AND TERMS OF DISPUTE RESOLUTION, GOVERNING LAW AND JURISDICTION, WHICH MAY APPEAR IN CAPITAL LETTERS.

Thank you for trading on K1Malls’s web-based transaction platforms. This K1Malls Transaction Services Agreement (this “Agreement”) describes the terms and conditions on which you conclude online transactions for products and services by using the online transaction Site in relation to the K1malls web site located at www.K1malls.com, and all associated Site linked to www.K1malls.com by K1malls, its subsidiaries and affiliates, including K1malls Site around the world (collectively, the “Site”). This Agreement contains various limitations on K1Malls’s transaction services as well as gives various powers and authority to K1Malls with respect to online transactions using K1Malls’s transaction services. This includes without limitation the power and authority to reject or cancel an online transaction, to refund the funds to a buyer or to release the funds to a seller. You should read this Agreement and to the extent as applicable, the relevant transactional terms, K1Mall’s Terms of Use Agreement, other rules and policies such as Product Listing Policy and Privacy Policy of K1Malls, and K1Malls Supplemental Services Agreement between you as a User and K1Malls (as defined below)(the “K1Malls Supplemental Services Agreement”) which are hereby incorporated into this Agreement by reference.

Your use of the K1Malls’s web-based transaction platforms and the transactional services thereon (the “Transaction Services”) indicates that you accept the terms and conditions set forth below. If you do not accept all of the terms and conditions, please do not use the transaction services. BY COMPLETING THE REGISTRATION PROCESS AND CLICKING THE "I AGREE" BUTTON, YOU ARE INDICATING YOUR CONSENT TO BE BOUND BY THIS AGREEMENT. This Agreement will not take effect unless and until you have activated your Account. Terms not defined in this Agreement shall bear the same meaning as that contained in the Terms of Use.

1. Application and Acceptance of Terms

1.1 Contracting Party. This Agreement is entered into between you (also referred to as “Member” hereinafter) and K1Malls and all of its subsidiaries and joint ventures worldwide (“K1Malls” or “we”) for use of K1Malls’s certain transaction services as described below.

1.2 Transactional Terms. K1Malls provides an online transaction platform and ancillary services (“Transaction Services”) on K1Malls which allow registered members of K1Malls to conclude online transactions for products or services within K1Malls subject to the terms of this Agreement. K1Malls may publish transaction rules, dispute rules and other rules and policies for any type of online transactions and any subsequent amendments or modifications (“Transactional Terms”) as may be made from time to time. Such Transactional Terms are expressly incorporated into this Agreement by reference and you agree to be bound by such rules and policies.

As some or part of the Transaction Services may be supported and provided by affiliates of K1Malls, K1Malls may delegate some of the Transaction Services to its affiliates, who you agree may invoice you for their part of the Transaction Services.

1.3 General Terms. You agree that you shall also comply with relevant rules and policies published on K1Malls which are also incorporated into this Agreement by reference (“General Terms”). The General Terms include without limitation: (a) Terms of Use; (b) Product Listing Policy; (c) Privacy Policy; and (d) Intellectual Property Right (IPR) Protection Policy.

1.4 Binding Agreement. This Agreement, including the Transactional Terms and the General Terms, and, to the extent as applicable, K1Malls Supplemental Services Agreement, form a legally binding agreement between you and K1Malls in relation to your use of the Transaction Services. By accessing and using the Transaction Services, you agree to accept and be bound by this Agreement. Please do not use the Transaction Services if you do not accept all of the terms of this Agreement.

1.5 Amendments. You acknowledge and agree that K1Malls may amend any terms of this Agreement including the Transactional Terms and the General Terms at any time by posting the relevant amended and restated version on the Site. The amended terms shall be effective immediately upon posting. By continuing to use the Transaction Services, you agree that the amended terms will apply to you. This Agreement may not otherwise be amended except in writing by an authorized officer of K1Malls.

1.6 Language Version. Unless otherwise K1Malls has posted or provided a translation of the English version of any terms of this Agreement including the Transactional Terms and the General Terms, you agree that the translation is provided for convenience only and that the English language version will govern your use of the Transaction Services.

1.7 K1Malls Affiliates. Some of the Transaction Services may be supported by our affiliates.

1.8 Additional Terms. In some cases, you may be required to additionally enter into a separate agreement with K1Malls or our affiliates in connection with the Transaction Services (“Additional Terms”). If there is any contradiction between the provisions of this Agreement and the provisions of the Additional Terms, the Additional Terms shall govern the relevant types of Transaction Services or Online Transactions, as appropriate.

1.9 Membership Services. This Agreement does not affect your agreement with us or any of our affiliates concerning your subscription and use of the membership services of the Site, unless otherwise stipulated in this Agreement or the relevant service agreement.

2. Transaction Services

2.1 Transaction Services. K1Malls’s Transaction Services are designed to facilitate registered members of K1Malls to place, accept, conclude, manage and fulfill orders for the provision of products and services online within the Site (“Online Transactions”), which may include certain services which will be either supported by (i) K1Mall affiliates, or (ii) K1Malls. K1Malls reserves the right to change, upgrade, modify, limit or suspend the Transaction Services or any of its related functionalities or applications at any time temporarily or permanently without prior notice. K1Malls further reserves the right to introduce new features, functionalities or applications to the Transaction Services or to future versions of the Transaction Services. All new features, functionalities, applications, modifications, upgrades and alterations shall be governed by this Agreement, unless otherwise expressly stated by K1Malls.

2.2 Members Only. K1Malls’s Transaction Services are only available to registered members of K1Malls. If your subscription to the membership of K1Malls expires or is early terminated for any reason, you are not eligible to use the Transaction Services. In the event that you have a valid Online Transaction under this Agreement whilst your membership registration on K1Malls is terminated, K1Malls shall have the full discretion and authority to refund to Buyer and/or release to Seller (both Buyer and Seller as defined below) all or part of the funds under the Online Transactions as K1Malls considers appropriate. If you are a Seller, you are required to a valid bank account subject to verification and confirmation by K1Malls and our affiliates.

2.3 Types of Transactions. K1Malls’s Transaction Services are available to types of Online Transactions permitted by K1Malls only. For any type of Online Transactions, K1Malls may limit any or all of the Transaction Services to a specified group of members in accordance with the relevant Transactional Terms. The types of Online Transactions and other benefits, features and functions of the Transaction Services available to a registered member may vary for different countries and regions. No warranty or representation is given that the same type and extent of transactions, benefits, features and functions will be available to all members.

2.4 Lawful Items. The products or services of an Online Transaction using the Transaction Services must be lawful items and must not be otherwise prohibited or restricted by this clause 2.4. You shall not use the Transaction Services in connection with any Online Transaction that:

(a) may infringe K1Malls’s or any third party’s legitimate rights including but not limited to copyright, trademark right, patent or other intellectual property rights.

(b) may be in breach of the Product Listing Policy or the Intellectual Property Right Protection Policy;

(c) may be in breach of other terms of this Agreement including the Transactional Terms and the General Terms.

K1Malls shall have the right to refuse or cancel any Online Transaction in breach of this clause 2.4.

2.5 Refuse or Cancel Transactions. Apart from clause 2.4, K1Malls reserves the right, at our sole discretion, to refuse or cancel any Online Transaction for any reason. Some situations that may result in an Online Transaction being rejected or canceled include where problems are identified by our credit and fraud control department, where K1Malls has reason to believe the Online Transaction is unauthorized, violates any law, rule or regulations or may otherwise subject K1Malls or any of our affiliates to liability. K1Malls may also require additional verifications or information for any Online Transaction.

2.6 K1Malls Supplemental Services.

(a) K1Malls may, through its affiliates, provide certain services for certain Online Transactions (“Supplemental Services”). Supplemental Services are provided by K1Malls and its affiliates to receive payment of funds in support of K1Malls Site for the Online Transactions. The Supplemental Services are provided in accordance with the terms and conditions set out in the Supplemental Services Agreement .

(b) Buyer Protection Plan. K1Malls may also provide buyer protection plan for certain Online Transactions. In case of Seller who has been offered to subscribe to the buyer protection plan, upon entering into a separate agreement with K1Malls, Seller may be required to provide deposits using the methods as designated by K1Malls on K1Malls to secure Seller’s due performance of obligations under the relevant buyer protection plan. Seller agrees to permit and hereby authorize K1Malls to deduct, withhold and dispose any deposits provided in accordance with the terms under the relevant buyer protection plan. Buyer acknowledges and agrees that the protection afforded to you under a buyer protection plan applies to those Online Transactions where the Seller subscribed to such plan and the purchase falls within the buyer protection plan’s scope and (i) Supplemental Services under clause 3.4 of the Supplemental Services Agreement and (ii) K1Malls Supplemental Services under clause 3.4 of the K1Malls Supplemental Services Agreement will not be applicable to you for such Online Transactions if Seller subscribed to buyer protection plan and such plan already covers your purchase. Buyer acknowledges and agrees K1Malls will add guarantees for the seller on such Online Transactions within the scope of buyer protection plan. The guarantee service will be performed according to the agreement reached between the guarantee service provider and the Seller.

2.8 Transactional Terms. For any type of Online Transactions, K1Malls may impose additional restrictions, limitations and prohibitions as well as penalties for any violations in the relevant Transactional Terms.

2.9 Disputes between Buyers and Sellers. You agree that any Dispute arising between you and the other party to an Online Transaction will be handled in accordance with clause 10, and that K1Malls shall have the full right and power to make a determination for such Dispute. Upon receipt of a Dispute, K1Malls shall have the right to request either or both of Buyer and Seller to provide supporting documents. You agree that K1Malls shall have the absolute discretion to reject or receive any supporting document. You also acknowledge that K1Malls is not a judicial or arbitration institution and will make the determinations only as an ordinary non-professional person. Further, we do not warrant that the supporting documents that the parties to the Dispute submit will be true, complete or accurate. You agree not to hold K1Malls and our affiliates liable for any material which is untrue or misleading.

2.10 Powers of K1Malls. You expressly acknowledge and agree that K1Malls shall have the full power, authority and discretion to reject or cancel an Online Transaction and to make a determination on any dispute between buyer and seller including the remittance of the funds under an online transaction that are held by K1malls or its affiliates as instructed by K1Malls in accordance with this Agreement, the Supplemental Services Agreement, and the relevant transactional terms. You also acknowledge that this Agreement, the K1Malls Supplemental Services Agreement and the relevant Transactional Terms may not cover all issues that may arise in connection with an Online Transaction. You agree and accept that K1Malls shall have the right to modify or supplement the Transaction Terms. You further agree and accept that K1Malls shall have the right to make determinations wherever K1Malls considers appropriate having regard to the evidence received by us, commonly accepted principles and practices in the relevant industries and interests of both Buyer and Seller regardless whether the issue in question has been expressly addressed in the Transactional Terms or this Agreement.

2.11 K1Malls’s Records. In case of any dispute in connection with any Online Transaction, the records of K1Malls shall take precedence and be conclusive.

2.12 Transactions involving a third party finance provider.

You agree that:

(a) K1Malls does not guarantee any third party finance provider (the “Lender”) will provide financing to Buyer in connection with the Online Transaction and shall not be held liable to Buyer or Seller in connection with any third party financing in connection with the Online Transaction;

(b) each of Buyer and Seller hereby authorizes K1Malls to disclose information related to Buyer, Seller and/or the Online Transaction to the Lender in connection with the Lender’s provision of financing for the Online Transaction; and

(c) any dispute with the Lender in connection with the Online Transaction shall be resolved between the Lender and the Buyer. Notwithstanding the power given to K1Malls under this Agreement, it is not K1Malls’s obligation to resolve or assist in the resolution of such dispute.

3. Transactions between Sellers and Buyers

3.1 Seller and Buyer. For the purpose of this Agreement, the term “Seller” means the registered member who supplies the product(s) or service(s) under an Online Transaction, and the term “Buyer” means the registered member who purchases or acquires the product(s) or service(s) under an Online Transaction.

3.2 Online Order. Seller and Buyer shall enter into an Online Transaction for products or services by completing, submitting and accepting an order online using the applicable standard order form on K1Malls. Seller and Buyer yourselves shall be responsible for ensuring that you have agreed to, and specified, all the relevant terms and conditions for the products or services in the relevant online order form, including but not limited to the pricing, quantity, specifications, quality standards, inspection, shipping etc. K1Malls may refuse to process or cancel any Online Transaction which in K1Malls’s reasonable opinion, has insufficient information to constitute a binding contract.

3.3 Online Transactions Subject to This Agreement. An Online Transaction is additionally subject to the applicable terms and conditions set forth in this Agreement and the Transactional Terms. Seller and Buyer shall complete the Online Transaction according to the terms of the online order, the relevant Transactional Terms and this Agreement. Seller or Buyer may only cancel any Online Transaction according to the relevant Transactional Terms.

3.4 Transaction between Seller and Buyer Only. Each Online Transaction is made by and between a Seller and a Buyer only. Despite that K1Malls provides the Transaction Services and, if applicable, may conduct formality review of an Online Transaction, K1Malls shall not be considered as a party to the Online Transaction. K1Malls does not represent Seller or Buyer in any Online Transaction. K1Malls will not be responsible for the quality, safety, lawfulness or availability of the products or services offered under any Online Transaction or the ability of either Seller or Buyer to complete any Online Transaction. You agree that you will not hold K1Malls and our affiliates and agents liable for any losses, damages, claims, liabilities, costs or expenses arising from any Online Transactions, including any breach, partial performance or non-performance of the Online Transaction by the other party to the transaction.

3.5 Payment of Contract Price. For any Online Transaction, Buyer agrees to pay the full transaction price listed for Online Transaction to the Seller through K1Malls affiliates or services of K1Malls unless another option is made available directly by K1Malls on K1Malls. When using K1Malls to submit payment for an K1Malls Online Transaction, payments are (in the case of Online Transaction through K1malls or its affiliates) processed through accounts owned by K1Malls or one of its affiliates and/or a registered third party service provider acting on K1Mall’s behalf, and (in the case of Online Transaction through K1Malls) processed through accounts owned by K1Malls or one of its affiliates and/or a registered third party service provider acting on K1Malls’s behalf. The funds are received for the Seller in accordance with the K1Malls Transaction Services Agreement. Seller agrees that the Buyer’s full payment of the transaction price listed for the Online Transaction to K1Malls (as the case may be) constitutes final payment to Seller and Buyer’s payment obligation for the Online Transaction is fully satisfied upon receipt of funds by K1Malls Affiliates’ account or K1Malls’s account.

In the case the Online Transaction adopts K1Malls Supplemental Services; the payment in connection with the Online Transactions concluded will be facilitated by K1Mall’s affiliate. The K1Mall’s affiliate shall not dispose of any such fund except in accordance with K1Malls’s terms as agreed by Seller and Buyer which are set out in the terms and conditions of this Agreement and the K1Malls Supplemental Services Agreement. Seller has requested and agreed that the settlement of funds to Seller be delayed as provided in the K1Malls Supplemental Services Agreement.

By using the K1Malls Supplemental Services, you acknowledge and agree that K1Mall’s affiliate is not a bank and the K1Mall Supplemental Services should in no way be construed as the provision of banking services. K1Mall’s affiliate is not acting as a trustee, fiduciary or escrow with respect to User’s funds and it does not have control of, nor liability for, the products or services that are paid for with the K1Mall Supplemental Services. K1Mall’s affiliate does not guarantee the identity of any User or ensure that a Buyer or a Seller will complete a transaction on K1Malls Site. You further agree that neither Buyer nor Seller will receive interest or other profits in relation to the Supplemental Services.

In the case the Online Transaction adopts K1Malls Supplemental Services, the payment in connection with the Online Transactions concluded will be facilitated by K1Malls. K1Malls shall not dispose of any such fund except in accordance with K1Malls’s terms as agreed by Seller and Buyer which are set out in the terms and conditions of this Agreement and the K1Malls Supplemental Services Agreement . Seller has requested and agreed that the settlement of funds to Seller be delayed as provided in the K1Malls Supplemental Services Agreement.

By using the K1Malls Supplemental Services, you acknowledge and agree that K1Malls is not a bank and the K1Malls Supplemental Services should in no way be construed as the provision of banking services. K1Malls is not acting as a trustee, fiduciary or escrow with respect to User’s funds and it does not have control of, nor liability for, the products or services that are paid for with the K1Malls Supplemental Services. K1Malls does not guarantee the identity of any User or ensure that a Buyer or a Seller will complete a transaction on K1Malls Site. You further agree that neither Buyer nor Seller will receive interest or other profits in relation to the K1Malls Supplemental Services.

In the case of e-Credit Line services, you agree that the full payment of the contract price of the Online Transaction without any deductions must be made in US dollar in clear funds by one of the payment methods designated by K1Malls only. In the case that the Online Transaction adopts a payment method involving a third-party finance provider, the relevant funds may be paid directly to the Seller on behalf of the Buyer by such finance provider.

3.6 Payment Methods. Please note that the payment methods available on K1Malls may be provided by K1Malls’s partners. If there is any chargeback or reversal of any payment requested by a payment service partner, Seller agrees that K1Malls has the right to refund the money so requested by the payment service partner without liability to Seller. K1Malls will use reasonable efforts to assist you in participating in the dispute resolution process of the relevant payment service partners. However, if the participation in the dispute resolution process is subject to additional fees, this will be at your own cost only.

3.7 Third Party Vendors. You may engage one or more third party vendors for the purpose of completing and fulfilling an Online Transaction such as the warehousing and logistic service companies, shipping agents, inspection agents, insurance companies, etc. Some of such third party vendors may be partners of K1Malls and thus designated by K1Malls to you. Among such designated partners, you may be required to agree and accept the terms and conditions of their services online within the K1Malls.co Site. Notwithstanding the foregoing circumstances, for all third party vendors, you acknowledge and agree that such third party vendors are engaged at your own discretion and cost and that you will not hold K1Malls and our affiliates and agents liable for any losses, damages, claims, liabilities, costs or expenses arising from the services of such third party vendors.

3.8 Your Agent. If you are required to conclude and complete an Online Transaction through an agent e.g. a Seller may be required to engage a qualified import and export agent as its export agent, such agent is merely an agent of you. If any obligations are required to be performed by the agent, you shall remain solely liable to the other party of the Online Transaction for the non-performance or default by your agent.

4. K1Malls Service Fees

4.1 Service Fees. K1Malls charges service fees for Online Transactions according to the fee schedules announced by K1Malls on K1Malls. K1Malls reserves the right to charge any service fees for other types of Online Transactions upon reasonable prior notification published on the Site. In the case the Online Transaction adopts K1Mall Supplemental Services, you hereby authorize K1Malls to instruct K1Mall’s affiliate to deduct any service fees that are due and payable to K1Malls under an Online Transaction and to pay the same to K1Malls when K1Mall’s affiliate releases any amount held by it under the Online Transaction. Neither K1Malls nor K1Mall’s affiliate has any control over, and are not responsible or liable for, the products or services that are paid for with our service. We cannot ensure that a buyer or a seller you are dealing with will actually complete the transaction.

4.2 Third Party Fees Not Included. The service fees charged by K1Malls do not include any fees for any service or product that you may acquire or purchase in connection with the Online Transaction. It shall be your responsibility to settle the fees with such third party vendors.

4.3 Taxes, Financial Charges Not Included. All fees charged by K1Malls are exclusive of any taxes, duties or other governmental levies or any financial charges. You agree to pay and be responsible for any taxes, duties, levies or charges for the use of the Transaction Services in addition to our service fees. In the event K1Malls is required by any applicable law to collect or withhold any taxes or duties, you agree to pay such taxes or duties to K1Malls. You will also be liable for any financial charges for remission of funds to you, and K1Malls shall have the right to pay such charges from such funds. K1Malls and K1Mall’s affiliate shall have the right to deduct any financial charges incurred as a result of providing the Transaction Services and the party receiving the funds will bear the costs of such bank charges.

5. Member’s Responsibilities

5.1 Provision of Information and Assistance. You agree to give all notices, provide all necessary information, materials and approval, and render all reasonable assistance and cooperation necessary for the completion of the Online Transactions and K1Malls’s provision of the Transaction Services. If your failure to do so results in delay in the provision of any Transaction Service, cancellation of any Online Transaction, or disposal of any funds, K1Malls shall not be liable for any loss or damages arising from such default.

5.2 Representations and Warranties. You represent and warrant that:

(a) you will use the Transaction Services in good faith and in compliance with all applicable laws and regulations including laws related to anti-money laundering and counter-terrorism financing;

(b) all information and material you provide in connection with the use of the Transaction Services is true, lawful and accurate, and is not false, misleading or deceptive;

(c) you will not use the Transaction Services to defraud K1Malls, our affiliates, or other members or users of K1Malls or engage in other unlawful activities (including without limitation dealing in products prohibited by law);

(d) in case that you are a Seller of products, you have the legitimate right and authorization to sell, distribute or export the products using the Transaction Services and such products do not infringe any third party’s rights;

(e) in case that you are a Seller of products, you have good title to the products ordered under the Online Transaction, and the products meet the agreed descriptions and requirements; and

(f) in case that you are a Seller of services, you will provide the services ordered with reasonable care and skills.

5.3 Breaches. If you are, in K1Malls’s opinion, not acting in good faith, abusing the Transaction Services, or otherwise in breach of this Agreement, K1Malls shall have the right to cancel the relevant Online Transaction(s). K1Malls also reserves the right to impose any penalty, or to temporarily or permanently suspend or terminate your use of the Transaction Services, temporarily or permanently suspend or terminate or procure the suspension or termination of your membership on K1Malls. K1Malls also reserves the right to (i) temporarily suspend the transaction functionalities of your account with K1Malls for a prescribed period determined by K1Malls, or permanently terminate the use of your K1Malls account and/or (ii) authorize K1Mall’s affiliate to temporarily suspend the transaction functionalities of your K1Mall’s affiliate account for a prescribed period determined by K1Malls, or permanently terminate the use of your K1Mall’s affiliate account. K1Malls may also publish the findings, penalties and other records regarding the breaches on K1Malls.

5.4 Obligations to Pay Taxes. You shall be solely responsible for payment of any taxes, duties or other governmental levies or any charges or fees that may be imposed on any products or services purchased or supplied under or in connection with the Online Transactions.

5.5 Feedback System. You shall not take any action which may undermine the integrity of K1Malls’s feedback system, such as providing positive feedback on oneself on K1Malls using secondary Member IDs or through third parties or by providing unsubstantiated negative feedback on another member on K1Malls.

5.6 Indemnification by Member. You agree to indemnify K1Malls and our affiliates, employees, directors, officers, agents and representatives and to hold them harmless, from any and all losses, damages, actions, claims and liabilities (including legal costs on a full indemnity basis) which may arise, directly or indirectly, from your use of the Transaction Services or from your breach of this Agreement. K1Malls reserves the right, at our own discretion, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall cooperate with K1Malls in asserting any available defenses.

5.7 Collection and Use of Information.

a. You acknowledge and agree that K1Malls may, through your use of the Transaction Services, collect information about you and your Online Transactions, including but not limited to your credit information, business information, personal information (such as applicant name and home address), and financial information (the “Collected Information”). K1Malls reserves the right to use the Collected Information for the purposes set forth in this Agreement and in the manner set out in the Website’s Privacy Policy. You further acknowledge and agree that K1Malls may use the Collected Information for use in the operation, marketing and promotion of the Website as well as the Website’s products and services.

b. If you have applied for and used the e-Credit Line services of K1Malls, you further acknowledge and agree that K1Malls shall have the right to use the Collected Information to facilitate the administration, processing, and operation of your use of the services and disclose the Collected Information to the relevant third party financial services institution designated by K1Malls solely for the purposes of facilitating your application and use of the e-Credit Line services. In connection with your use of the e-Credit Line services, K1Malls may use the Collected Information in the manner set out in the privacy policy and/or personal information collection statement relevant to the e-Credit Line services that you have agreed to prior to or during your application for and use of the e-Credit Line services.

6. Confidentiality

6.1 Confidential Obligations. You shall keep confidential all confidential information provided by other members of K1Malls or K1Malls in connection with any Online Transaction or the Transaction Services.

6.2 Confidential Information. All information and material provided by another member of K1Malls or K1Malls will be deemed to be confidential information unless such information or material is already in the public domain or has subsequently becomes public other than due to your breach of the confidential obligations.

7. Disclaimer and Limitation of Liability

7.1 No Warranty. You expressly agree that your use of the Transaction Services is at your sole risk. TO THE FULL EXTENT PERMITTED BY LAW THE TRANSACTION SERVICES ARE PROVIDED ON THE "AS IS", "AS AVAILABLE" AND “WITH ALL FAULTS” BASES, AND K1MALLS MAKES NO REPRESENTATION OR WARRANTY THAT THE TRANSACTION SERVICES WILL BE UNINTERRUPTED, TIMELY OR ERROR FREE. K1MALLS MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT TO THE ACCURACY, TRUTHFULNESS AND COMPLETENESS OF THE INFORMATION PROVIDED BY ANY MEMBER OF K1MALLS. YOU WILL BE SOLELY RESPONSIBLE FOR ALL CONSEQUENCES RESULTING FROM YOUR OWN JUDGEMENT AND DECISION TO USE OR OTHERWISE RELY ON SUCH INFORMATION. K1MALLS AND OUR AFFILIATES FURTHER EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF CONDITION, QUALITY, DURABILITY, PERFORMANCE, ACCURACY, RELIABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR IF SUCH POSSIBILITY WAS REASONABLY FORESEEABLE. ALL SUCH WARRANTIES, REPRESENTATIONS, CONDITIONS, UNDERTAKINGS AND TERMS ARE HEREBY DISCLAIMED AND EXCLUDED.

7.2 Exclusion and Limitation of Liabilities. TO THE FULL EXTENT PERMITTED BY LAW, K1MALLS SHALL NOT BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS OR REVENUES, BUSINESS INTERRUPTION, LOSS OF BUSINESS OPPORTUNITIES OR LOSS OF DATA, WHETHER IN CONTRACT, NEGLIGENCE, TORT, EQUITY OR OTHERWISE, ARISING FROM THE USE OF OR INABILITY TO USE THE TRANSACTION SERVICES. THE AGGREGATE LIABILITY OF K1MALLS AND OUR AFFILIATES AND AGENTS INCLUDING BUT NOT LIMITED TO K1MALLS (EUROPE) LIMITED AND ALIPAY ARISING FROM THE TRANSACTION SERVICES IN CONNECTION WITH ANY ONLINE TRANSACTION SHALL NOT EXCEED THE HIGHER OF THE SERVICE FEES CHARGED BY K1MALLS OR US$1,000.

7.3 SOME OR ALL OF THESE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU IF YOUR STATE, PROVINCE OR COUNTRY DOES NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE FOREGOING EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU. YOU MAY ALSO HAVE OTHER RIGHTS UNDER YOUR LOCAL LAW IN YOUR STATE, PROVINCE OR COUNTRY THAT VARY FROM STATE TO STATE. NOTHING IN THIS AGREEMENT IS INTENDED TO AFFECT THOSE RIGHTS IF THEY ARE APPLICABLE TO YOU.

8. Force Majeure

8.1 Force Majeure. Under no circumstances shall K1Malls and our affiliates and agents be held liable for any delay or failure or disruption of the Transaction Services resulting directly or indirectly from acts of nature, forces or causes beyond our reasonable control, including without limitation, acts of God, Internet failures, computer, telecommunications or any other equipment failures, electrical power failures, strikes, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, terrorism, war, governmental actions, orders of domestic or foreign courts or tribunals.

9. Notices

9.1 Notices. Except as explicitly stated otherwise, legal notices shall be served on you by sending notices to the email address in your latest membership profile on K1Malls. Notice shall be deemed given 24 hours after email is sent, unless we are notified that the email address is invalid. Alternatively, we may give you legal notices by mail to the address in your latest membership profile in which case the notice shall be deemed given five days after the date of mailing. Except as explicitly stated otherwise, legal notices shall be served on K1Malls by sending the notices to K1Malls management office physical address.

10. Governing Law; Jurisdiction

10.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE RELEVANT STATE THAT THE K1MALL SITE OR AFFILIATE IS MANAGED FROM WITHOUT REGARD TO THAT PARTICULAR STATE’S CONFLICT OF LAW’S PROVISIONS.

10.2 Amicable Negotiations. If any dispute or claim arises from or in connection with this Agreement, an Online Transaction or your use of the Transaction Services (“Dispute”), the relevant parties shall resolve the Dispute through amicable negotiations.

10.3 DISPUTE BETWEEN BUYER AND SELLER. IN CASE A DISPUTE ARISES BETWEEN BUYER AND SELLER FROM OR IN CONNECTION WITH AN ONLINE TRANSACTION, IF THE DISPUTE IS NOT RESOLVED THROUGH AMICABLE NEGOTIATION WITHIN THE PRESCRIBED TIME PERIOD ACCORDING TO THE RELEVANT TRANSACTIONAL TERMS, YOU AGREE TO SUBMIT THE DISPUTE TO K1MALLS FOR DETERMINATION. IF YOU ARE DISSATISFIED WITH K1MALLS’S DETERMINATION, YOU MUST APPLY TO THE RELEVANT STATE ARBITRATION CENTRE FOR ARBITRATION AND NOTIFY K1MALLS OF SUCH APPLICATION WITHIN 20 CALENDAR DAYS AFTER K1MALLS’S DETERMINATION. IF EACH OF BUYER AND SELLER IN THE DISPUTE DOES NOT APPLY FOR ARBITRATION WITHIN THE ABOVE 20 CALENDAR DAYS, EACH OF THE BUYER AND THE SELLER SHALL BE DEEMED TO HAVE AGREED THAT K1MALLS’S DETERMINATION SHALL BE FINAL AND BINDING ON YOU. WITH A FINAL DETERMINATION, IN THE CASE THE ONLINE TRANSACTION ADOPTS THE SUPPLEMENTAL SERVICES, K1MALLS MAY INSTRUCT K1MALLS AFFILIATE TO DISPOSE THE FUNDS ACCORDING TO SUCH DETERMINATION, AND IN THE CASE THE ONLINE TRANSACTION ADOPTS K1MALLS SUPPLEMENTAL SERVICES, K1MALLS MAY DISPOSE OF THE FUNDS HELD BY K1MALLS ACCORDING TO SUCH DETERMINATION. FURTHER, EACH OF BUYER AND SELLER SHALL BE DEEMED TO HAVE WAIVED ANY CLAIM AGAINST K1MALLS, ALIPAY AND OUR AFFILIATES AND AGENTS.

10.4 Other Disputes. In case a Dispute arises between you and K1Malls in any other circumstances, if the Dispute is not resolved between you and K1Malls, you and K1Malls agree that the Dispute shall be finally resolved by arbitration with the RELEVANT ARBITRATION CENTRE.

10.5 ARBITRATION. IF ANY DISPUTE IS SUBMITTED FOR ARBITRATION, THE ARBITRATION SHALL BE CONDUCTED IN ACCORDANCE WITH THE RULES OF THE RELEVANT ARBITRATION CENTRE IN FORCE AT THE TIME OF APPLYING FOR ARBITRATION AS AMENDED BY THIS CLAUSE. THE ARBITRATION PANEL SHALL CONSIST OF ONE SINGLE ARBITRATOR. UNLESS THE PARTIES AGREE OTHERWISE, THE ARBITRATION SHALL BE CONDUCTED IN ENGLISH AND IN RELEVANT STATE. THE ARBITRATION SHALL BE CONDUCTED BY TELEPHONE, ONLINE AND/OR SOLELY BASED ON WRITTEN SUBMISSIONS AS SPECIFIED BY THE PARTY INITIATING THE ARBITRATION, PROVIDED THAT THE ARBITRATION SHALL NOT INVOLVE ANY PERSONAL APPEARANCE BY THE PARTIES OR WITNESSES UNLESS OTHERWISE AGREED BY THE PARTIES. THE ARBITRATION AWARD RENDERED BY THE RELEVANT ARBITRATION CENTRE SHALL BE FINAL AND BINDING ON ALL THE RELEVANT PARTIES. THE ARBITRATION EXPENSES SHALL BE BORNE BY THE LOSING PARTY UNLESS OTHERWISE DETERMINED IN THE AWARD.

10.6 Indemnification. If you initiate any legal proceedings against K1Malls or our affiliates in breach of this clause 10, including any legal proceedings disputing K1Malls’s determination which has become binding on you according to this clause 10, you shall hold K1Malls and our affiliates, agents, employees, directors, officers harmless and indemnified against any claim, losses, damages that may be suffered by us.

10.7 Limitation Period. In any event, you may not make any claim against K1Malls or our affiliates under this Agreement after one year from the occurrence of the matter giving rise to the claim.

10.8 Injunctive Relief. Notwithstanding the foregoing provisions, either party may seek injunctive or other equitable relief against the other party in any court of competent jurisdiction prior to or during the arbitration.

11. General Provisions

11.1 Entire Agreement. This Agreement constitutes the entire agreement between you and K1Malls with respect to and governs the use of the Transaction Services, superseding any prior written or oral agreements in relation to the same subject matter herein.

11.2 Severance. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be deleted and the remaining provisions shall remain valid and be enforced.

11.3 Headings. Headings are for reference purposes only and in no way define, limit, construe or describe the scope or extent of such section.

11.4 Independent Contractor. No agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by this Agreement.

11.5 No Waiver. Any failure by K1Malls and our affiliates to exercise any of our rights under this Agreement shall not constitute a waiver of such right or a waiver with respect to subsequent or similar breach. A waiver shall be effective only if made in writing.

11.6 Assignment. K1Malls shall have the right to assign this Agreement (including all of our rights, titles, benefits, interests, and obligations and duties in this Agreement) to any of our affiliates and to any successor in interest. K1Malls may delegate certain of K1Malls rights and responsibilities under this Agreement to independent contractors or other third parties. You may not assign, in whole or part, this Agreement to any person or entity.

KATOTA OVERVIEW

07/16/2018
by Joseph Eshun

KATOTA OVERVIEW

2018

This Overview has been prepared to advance an understanding about Katota, read it carefully.

Katota is a combination of two Tswana words that means “The Real”. Katota was initially the program name of the Africa focus collective development program that was carried out by Resource Mobilization Inc, following several visions after the closure of RMI’s programme been adopted to be the name for “emulation of creation” doctrine. The Katota idea was born in a village called Dompim situate in the western region of Ghana. The Katota Program was initiated with the view to contribute meaningfully from a different stand point towards assisting the global efforts being made by several Agencies towards poverty alleviation; focused on Africa.

The Program started with the Eshuns attempt to develop a cooperative development model that will have a buy-in of business persons and philanthropist starting with the Eshuns with the view of creating a collective of likeminded persons to concentrate on a development need of a community and do so profitably. During a visit by the Eshuns (a successful property business family) to their native village of Dompim in 2003, the Chief of Dompim Nana Nyiwa, presented the desperate need for development in Dompim to the Eshuns. The Eshuns developed the idea to use their wealth and resources to aid the Chieftaincy of Dompim (Mr Eshun is a member of the royal family) to develop the people of Dompim. The Eshun’s knowing that their wealth alone could not bring about the extent of development expected; they called on experts to develop a program, to pool resources of likeminded philanthropists and business people to undertake such developments in a profitable manner and for the development to be sustainable. The experts employed developed “Profitable Local Economic Development” (PLED).

PLED is the product of the formalization of the idea to develop Dompim into a formal and documented standalone program. Dr.Turundu and Prof Mukotong led a group of experts drawn from several parts of the world to document the process of operationalizing the Dompim idea into formal standalone implementable programs to develop deprived communities everywhere in the world. “PLED”; based on intra-industry trade and Reverse Factoring was produced. A development process, that starts by identifying the locality in need who places the orders to purchase the output of an industry to satisfy their need, fed into a collective of suppliers in the same industry chain and factored by the financier who will be prepared to stay in for the period of the Program. PLED leads to a development model based on identifying a local need and developing a sustainable programme by pooling a collective of likeminded businesses to address that local need.

PLED was launched to coincide with the August 2006 women’s day celebration in the Queen’s Garden Hotel (Queen’s Garden Hotel was one of several properties belonging to the Eshuns, named after their daughter who was named after the Founding Queen of Dompim, Nana Te Ayiwa-Mu) in Johannesburg, in the Republic of South Africa. The Launch of PLED was attended by various High Commissioners in RSA and Ghana was represented at the Launch by Hon. Anna Nyamekye, the then Deputy Minister of Agriculture.

The various companies of the Eshuns, mostly called Pssimeco companies, owning several properties formed the initial lot of collective in terms of PLED. Financials are available up to the 2007 when the Pssimecos formed the first PLED today’s Katota. The request from the African Union for assistance to the Coalition of Supporters Unions of Africa who had been mandated to at the AU International Year of Football (2007) & 2010 WC African Legacy Programme Conference to “Facilitate the establishment and recognition of supporters’ union/s” transmuted PLED into a global operation. The African Union request for assistance for COSUA and the signed COSUA lease agreements, made it possible for the initiators of PLED to accept to offer the needed help to COSUA.

The implementation of the subsequent lease and exclusive commercial services agreement that was signed with COSUA required that further collectives involving intra-industry trades be created, and the constant creation of collectives modelled on cooperatives and reverse factoring transformed PLED into application of Katota- a Global Economic Development Programme based on identifying good (not need) and making the identified good available to all in a sustainable manner by emulating creation; Katota as it was understood. Sequel to sound advice from several world class professional services providers among them KPMG, Delloitte, PWC, the seat of managing the Katota program as it was understood then is incorporated in the British Virgin Island as Resource Mobilization Incorporated (RMI) in 2008.

In a worldwide search for a suitable name for PLED; “Katota” meaning “the Real” in Tswana, a language spoken in few Southern Africa countries, was accepted as the name of the Program and the vision of the initiators being “a better life for all” was adopted as the slogan. Katota remained the name of the Africa Focused Collective Development Program initiated and implemented by RMI. During the application of Katota by RMI, several entities were incorporated with the name Katota or Katota as a part of the entities’ name, leading to some people misunderstanding Katota then to be real estate buying conglomerate, others called Katota a charity operation, others in the media called it a scam, but it is simply a way of life applicable to all activities. Series of catastrophes, among them the credit crunch of 2007 to 2008 and beyond, coupled with manufactured tragedies including the self-gratification detention of Elezabeth Aquino Samson and Dr. Eddie Conde Gill in Mauritius in 2010 lead to RMI claiming for loss of income and ending its application of Katota.

Subsequent to the termination of the application of Katota by RMI and with the understanding that the debtors have accepted their liability and are willing to pay, Mr Eshun and his family spent over 2 years in Dubai UAE in an effort to collect as much of the assessed claims as the debtors could pay. During the period of working with the debtors to ensure payment for the claims are received Mr. Eshun received, several visions, steering and input by many that led Mr. Eshun to conclude that Katota, based on emulation of creation is a doctrine that can lead to a better life for all. Katota encourages every person that identify political, social, or economic “good” to make it available to the world, following Creation Model. “Go ye into all the world ….

Retracing the history of how the Eshuns have conducted business, the evidence points and supports that the application of Katota has subsisting since 1994 when the first Pssimeco company was incorporated. The idea of a central company creating a platform for others to trade has always been present. The essence of the visions Mr. Eshun received is a better life for all people is attainable by structuring all human activities to emulate creation, not as a product of big bang or evolution but an intentional creation of God beginning each living entity by creating one seed bearing entity with the aptitude to reproduce after its kind and occupy its place in the world. Like creation, structure is required to apply Katota. In the past a Katota structure was recorded on paper and required several millions of US Dollars to structure and implement, with advancements in internet-based technology including carts, blockchain etc, the application of Katota is now as simple as signing up as a vendor on a portal such as k1malls.com.

Application of Katota is voluntary, and all are invited to participate.


GENERAL NOTICES

I. The information set forth herein may not be exhaustive and does not imply any elements of a contractual relationship or constitute any relations between you and the overview distributor(s). Its sole purpose is to provide relevant and reasonable information to the reader as a potential Katota applicant.

II. Distributor(s) of this Overview accept responsibility for the information contained herein. Reasonable care has been taken to ensure that, the information contained herein is in accordance with the facts available and contains no omission likely to affect the application of Katota.

III. This Overview is made publicly available for information purposes only and does not require any action to be taken by the public. You, as the recipient(s) of this Overview, should familiarize and inform yourself with all the information set out herein, all potential risks, applicable regulations that you should consider and observe. We recommend that you seek out independent professional advice to not only give you sound professional advice but also ensure that you are aware of all the would be risks before adopting any way of life.

IV. This Overview is the primary official source of information about Katota. The information contained herein may from time to time be translated into other languages or used during written or verbal communications with existing and prospective applicant. During such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language Overview, the provisions of this English language original document shall prevail.

DISCLAIMERS

1. Not legal advice

The information contained in this Overview is not legal or religious advice as the content has been prepared without considering your circumstances, objectives, or needs. The distributors, employees, or contractors who wrote or modified the information herein are NOT providing legal or religious advice and are NOT creating or entering into Attorney-Client / Pastor-Congregant relationship.

2. Not investment advice

Nothing in this Overview shall be deemed to constitute a prospectus of or a solicitation for investment or an offer of any investments in any jurisdiction. Please seek out your own investment/doctrinal advice or information.

4. Not shares prospectus

This Overview does not constitute an offer or invitation to any person to apply Katota, subscribe for or purchase shares, stock or any other rights in distributors. Thus, no shares or other stock of distributors are being offered for subscription or sale in any jurisdiction pursuant to the Overview.

5. Forward looking statements

Some of the statements, estimates and information contained in this Overview are forward-looking statements and information which reflect distributors' current understanding of Katota. Statements which include the words ''expects'', ''intends'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. The cautionary statements made in this Overview should be read as being applicable to all related forward-looking statements wherever they appear in this Overview. These forward-looking statements speak only as of the date of this Overview.

RISK STATEMENT

UNLESS OTHERWISE AUTHORIZED IN A PARTICULAR NATION AS EXPECTED, THE APPLICATION OF KATOTA REFERRED TO IN THIS OVERVIEW HAVE NOT BEEN REGISTERED, APPROVED, OR DISAPPROVED BY ANY GOVERNMENT AUTHORITY. APPLICANTS OF KATOTA REFERRED TO IN THIS OVERVIEW SHOULD BE AWARE THAT THEY BEAR ANY RISKS INVOLVED IN THE APPLICATION OF KATOTA, IF ANY, FOR AN INDEFINITE PERIOD OF TIME.

INFORMATION IN THIS DOCUMENT IS PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING AS TO LEGAL EFFECT AND COMPLETENESS. For the avoidance of doubt, distributors, attorneys, and employees involved in teaching and distribution of information about Katota expressly refuses any and all responsibility and liability for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Overview, (ii) any error, omission or inaccuracy in any such information, (iii) any action resulting therefrom, or (iv) usage or application of Katota.

Your application of Katota is deemed to be your acknowledgment and agreement to statements and the disclaimers of this entire document; all rights are reserved.

URA OVERVIEW

07/15/2018
by Joseph Eshun

URA OVERVIEW

This Overview has been prepared to advance an understanding about Ura, read it carefully.

Ura is honest money privately issued by Resource Mobilization Inc, its successors, and assignees (“RMI”) in its capacity as the central issuer and thus the central administration, monitoring and oversight authority. Ura is primarily a sale of RMI’s reserves (“Accounts Receivables”) (i) distributed alongside traditional and non-traditional currencies, (ii) implemented using account-based systems, (iii) circulated alongside traditional and non-traditional payments and settlement systems including existing banking structures involving central, commercial, industrial, exchange, agricultural, cooperatives, savings and utility banks, (iv) expected to be recognized as honest money good for trading and authorized as legal tender for tax purposes by relevant authority, and (v) with the following attributes: -

(i) accepted as a means of payment by parties including the issuer;

(ii) has a stable store of value assured by dollar for dollar reserve at Ura/US$ exchange rate of 1:1.51748;

(iii) issued upon receipt of funds in an amount no lesser in value than the value of the Ura issued, thereby creating a cash reserve for the Ura substituting the reserves at issuance of Ura by the Issuer;

(iv) held in (a) physical form being notes and/or coins or (b)electronic form by electronically storing the monetary value on an electronic device (e.g. a chip, prepaid card, mobile phone, or computer system); and

(v) has an equal value in fiat currency (“cash”) and can be exchanged back-and-forth for cash.

Thus, Ura is a means of exchange that harnesses the best in (a) fiat money system and (b) the innovations as a result of the developments in other non-fiat currencies (digital/virtual currencies) and blockchain technologies while side-stepping the inherent drawbacks in each; that augments fiat currency and other non-traditional currencies.

RISK MITIGATION

Requisite reserve, currency, and banking insurance necessary to mitigate risks shall be in place at all levels of the Ura distribution chain.

GENERAL NOTICES

I. The information set forth herein may not be exhaustive and does not imply any elements of a contractual relationship or constitute any relations between you and the overview distributor(s). Its sole purpose is to provide relevant and reasonable information to the reader as a potential Ura holder.

II. Distributor(s) of this Overview accept responsibility for the information contained herein. Reasonable care has been taken to ensure that, the information contained herein is in accordance with the facts available and contains no omission likely to affect the utility of Ura.

III. This Overview is made publicly available for information purposes only and does not require any action to be taken by the public. You, as the recipient(s) of this Overview, should familiarize and inform yourself with all the information set out herein, all potential risks, applicable regulations that you should consider and observe. We recommend that you seek out independent professional advice to not only give you sound professional advice but also ensure that you are aware of all of the would be risks before engaging in any sort of business endeavor.

IV. This Overview is the primary official source of information about Ura. The information contained herein may from time to time be translated into other languages or used during written or verbal communications with existing and prospective customers. In the course of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language Overview, the provisions of this English language original document shall prevail.

DISCLAIMERS

1. Not legal advice

The information contained in this Overview is not legal advice as the content has been prepared without considering your legal circumstances, objectives, or needs. Distributors, its employees, or contractors who wrote or modified the information herein are NOT providing legal advice and are NOT creating or entering into an Attorney-Client relationship.

2. Not investment advice

Nothing in this Overview shall be deemed to constitute a prospectus of or a solicitation for investment or an offer of any investments in any jurisdiction. Please seek out your own investment advice or information.

3. Not securities prospectus

Based on the famous Howey test the Ura are not securities or a collective investment scheme because (i) Ura do not grant to the User any voting or ownership rights; (ii) Ura do not grant to the Holder any return on investment; and (iii) Ura do not grant to the Holder any profit and passive income from the ownership of Ura; therefore, Ura are not securities and are not intended to constitute securities in any jurisdiction and are not registered with any government entity as a security, and shall not be considered as such.

4. Not shares prospectus

This Overview does not constitute an offer or invitation to any person to subscribe for or purchase shares, stock or any other rights in distributors. Thus, no shares or other stock of distributors are being offered for subscription or sale in any jurisdiction pursuant to the Overview.

5. Forward looking statements

Some of the statements, estimates and financial information contained in this Overview are forward-looking statements and information which reflect distributors' current views with respect to the demand for Ura. Statements which include the words ''expects'', ''intends'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. The cautionary statements made in this Overview should be read as being applicable to all related forward-looking statements wherever they appear in this Overview. These forward-looking statements speak only as of the date of this Overview.

RISK STATEMENT

UNLESS OTHERWISE AUTHORIZED IN A PARTICULAR NATION AS EXPECTED, THE URA REFERRED TO IN THIS OVERVIEW HAVE NOT BEEN REGISTERED, APPROVED, OR DISAPPROVED BY ANY GOVERNMENT AUTHORITY INCLUDING THE US SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER REGULATORY AUTHORITY NOR ANY OF THE FOREGOING AUTHORITIES EXAMINED OR APPROVED THE ACCURACY OR THE ADEQUACY OF THE INFORMATION CONTAINED IN THIS OVERVIEW UNDER, THE U.S. SECURITIES ACT OF 1933 AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. HOLDERS OF URA REFERRED TO IN THIS OVERVIEW SHOULD BE AWARE THAT THEY BEAR ANY RISKS INVOLVED IN THE UTILIZATION OF URA, IF ANY, FOR AN INDEFINITE PERIOD OF TIME.

INFORMATION IN THIS DOCUMENT IS PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING AS TO LEGAL EFFECT AND COMPLETENESS. For the avoidance of doubt, distributors, attorneys, and employees involved in the issuing and distribution of Ura expressly refuses any and all responsibility and liability for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Overview, (ii) any error, omission or inaccuracy in any such information, (iii) any action resulting therefrom, or (iv) usage or utility of Ura.

Your utilization of Ura is deemed to be your acknowledgment and agreement to statements and the disclaimers of this entire document; all rights are reserved.

INVOICE SALE

03/02/2018
by Joseph Eshun

ASSIGNMENT OF ACCOUNT RECEIVABLES ALSO KNOWN AS SALE OF INVOICE

To the extent that it is applicable, all invoices sold on this mall are sold in accordance with United Nations Convention on the Assignment of Receivables in International Trade

Comments

To pay in Ura, you need to first have Ura. You may obtain Ura by exchanging your local currency for Ura at the rate the Ura holder is willing to sell.
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