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Terms and conditions concerning your usage of Hub Culture, including our privacy policy.

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PLEASE READ THESE TERMS OF SERVICE CAREFULLY. BY CLICKING THE "JOIN" BUTTON OR BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE LEGALLY BOUND BY THESE TERMS OF SERVICE AND ALL TERMS INCORPORATED BY REFERENCE. THESE TERMS PROVIDE THE BASIS FOR ALL CUSTOMER SERVICE LEVEL AGREEMENTS CONNECTED TO YOUR ACCOUNT AND ARE NECESSARY TO READ REVIEW AND ACCEPT BEFORE USING YOUR ACCOUNT.

Overview

This document presents Hub Culture Ltd (Bermuda and UK) and Ven Finace Ltd's (SVG) terms and conditions and privacy policy. For compliance conditions regarding virtual currency and related services, please visit and review our Compliance Handbook. A full review of policies is available here and covers complaints, cyber-security, information security, privacy and business disaster recovery. Complaints or questions regarding regulatory compliance can be directed to Hub Culture via our Contact page. These terms cover all Hub Culture Group websites and distributed documents made available in the course of worldwide business activities by the Hub Culture Group and Ven Finance Ltd., including HubCulture.com, HubCulture.city, HubLive.TV, Hub.VG, HubTalent.com, theAQUA.world, AQUA.vacations, mycovid19.io, mycovid19.co, Ven.VC, VenCash.net, VenCurrency.com, VenMoney.net, Ven.Money, VenRacing.net, Ven.creditcard, mavericks.fund, GAIA.club, Lyphic.com, DigitalCurrency.co, DavosID.com, CannesID.com, OAI.io, ultra.exchange, Zeke.ai, BermudaStandard.com, Hub Culture Virtual Reality environments, Impala, HubID, Pavilions, Oasis, Innovation Campus and all other digital and physical services managed by Hub Culture and/or Ven Finance Ltd.

Liability Waiver

As a member you agree to the following:

1. As a participant in any digital or physical activity connected to our services, you recognize, accept and are fully aware of the risks and hazards involved.
2. It is your responsibility to consult with a physician prior to and regarding any participation in our services. You represent and warrant that you are physically fit and have no medical condition which would prevent full participation in any our services.
3. As an active participant in our community, you agree to assume full responsibility for any risks, injuries, or damages (known or unknown) which may incur as a result of said participation.
4. You agree to assume full responsibility to notify Hub Culture Support of any special circumstance such as injury, sensitivity, etc., with respect to your individual physical/medical condition which might require special care and attention when connected to our services, whether physical or digital, including classes or workshops with physical activity, presence at our venues, Pavilions, the Oasis, or other locations and events, or digital services such as AQUA which monitor or track physical activity.
5. As a result of actively participating in any Hub Culture related activity, you knowingly and expressly release any claim that you might have against Hub Culture, its management and staff, Monitors, Members and Partners, for any illness, injury or damage which you might sustain, in whole or in part.
6. You, your heirs and legal representatives, unconditionally agree that Hub Culture, its management and staff will not be held liable for any claim, demand, cause of action of any kind whatsoever for, or on account if injury or sickness, damage or loss of any kind resulting from or related to my participation in digital or physical services available to you.
7. You and via you any guests or visitors under your invitation, shall jointly and severally indemnify, defend and hold Hub Culture and all other companies and/or limited liability partnerships which are for the time being a holding company and/or limited liability partnership of Hub or a subsidiary of any holding company and/or limited liability partnership or a company and/or limited liability partnership which is affiliated to Hub ("Hub Group Company") and its and their properties, venues, licensees, successors and assigns, and each of its and their officers, agents and employees harmless from and against all claims, liabilities, damages, costs and expenses, (including, without limitation, reasonable legal fees and court costs whether fixed or contingent (including, without limitation, an applicable share of in-house legal costs and expenses, arising out of any claims, lawsuits or judgments, whether threatened or actual, fixed or contingent, known or unknown), arising out of or in connection with any willful or negligent breach or alleged breach of any representation, warranty, covenant or any other obligation of 'Hub Culture' under this Agreement.

You have read the above Release and Waiver and fully understand and accept its contents. You voluntarily agree to all the terms and conditions as a condition of use of Hub Culture membership and service access.

Health and COVID-19 Privacy Statement

Hub Culture AQUA (Active Quarantine User Ally) works with partner governments and health authorities to provide pandemic response services including quarantine, tracking, certification and verification. COVID-19 response services only access personal and sensitive data required to directly support the public health emergency, and may only use the data collected to support COVID-19-related efforts or epidemiological research. All data created and managed through AQUA and Hub Culture is owned and managed by the end user and AQUA only accesses such provided information when necessary and with the approval of the data owner. To manage data around these services, please access HubID Health within AQUA or Hub Culture platforms.
 
The following data type and usage is enabled to provide AQUA services for members, including GPS Location via ACCESS_COARSE_LOCATION and ACCESS_FINE_LOCATION permission. Bluetooth/BLE via BLUETOOTH and BLUETOOTH_ADMIN permission. Contact List via READ_CONTACTS permission. Files via READ_EXTERNAL_STORAGE permission. The use of these functions for service provision is necessary to provide accurate and necessary functions for your AQUA Ally to operate on behalf of the user. 

AQUA requests access to your phone's Camera in order to scan the QR code on your wearable and send that information to our servers. This QR code is used for Quarantine tracking purposes. No other information is saved or captured.

Hub Culture is a member of the Good Health Pass Collaborative, an ID2020 initiative to develop and deploy collaborative standards for identity and health data. Learn about the Principles we adhere to here.

Uploads

Upload rights are a privilege, and our strict privacy rules and Windhover Principles compliant data ownership rules enable you to share sensitive information with colleagues and friends privately and securely. Since we generally do not review content you upload to protect your privacy on deals or other arrangements, the legal burden of responsibility lies with you on uploads:
 
Hub Culture members shall not upload, post or otherwise make available on HubCulture.com any material protected by copyright, trademark or other proprietary right without the express permission of the owner of the copyright, trademark or other proprietary right. The burden of determining that any material is not protected by copyright rests with the Member. (That's you).

Member shall be solely liable for any damage resulting from any infringement of copyrights, proprietary rights, or any other harm resulting from such a submission. By submitting material to any area of HubCulture.com as a member you automatically grant, or warrant that the owner of such material has expressly granted HubCulture.com the royalty-free, perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate and distribute such material (in whole or in part) worldwide and/or to incorporate it in other works in any form, media or technology now known or hereafter developed for the full term of any copyright that may exist in such material.
 
By submitting material to any public area of HubCulture.com as a member you also permit any other member to access, view, store or reproduce the material for that member's personal use and hereby grant HubCulture.com the right to edit, copy, publish and distribute any material made available on HubCulture.com.

Data Protection, Privacy and Confidentiality

Hub Culture values privacy and discretion. We do not monitor sell or trade your personal information and we provide that your information is owned by you - no matter where you take it on the web. Hub Culture is the first consumer network to adhere to the Windhover Principles for data ownership, issued under MIT license. By using the our services you agree to certain terms and conditions further outlined below, and these terms and conditions extend to the physical world, both at Hub Culture Pavilions and Hub Culture Events, wherever in the world they may be.

Where possible we are looking for ways to empower our members, so if there is a financial value to knowledge you share, you can be sure we will try to extend any benefits to the member first by helping you track those values with Ven.

Hub Culture supports the principles of creative commons and collaborative work, so you may feel free to link to or repost blog information appearing at HubCulture.com as long as it is properly cited and linked. As a member posting blog content, images, video or other items, by posting that content, you should be aware that it is in the semi-public domain and may be reposted by other users at other locations.

If you are posting content you, the individual user, are responsible for the integrity and copyright concerning that content. Hub Culture will not be held responsible for content posted by users or members, including statements on forums, in blogs, or comment areas of the site.

If it's not yours, please don't post it. If you do, and we are informed of it, we will delete the information and your account. Please respect the integrity and value of the community, and remember that connections in Hub Culture are real-life connections.

Supplied materials, agreements, proposal and knowledge contracts generated via the platform or from Hub Culture are subject to confidentiality between involved parties. Confidential Information shall mean any and all data and information of a secret or confidential nature relating to the business of Hub Culture or of any other Hub Group Companies, or relating to its directors or officers or clients or customers or employees or registered members which is disclosed to the recipient as a consequence of or through the recipients relationship with Hub Culture hereunder or Hub Culture clients, members or customers and which has a value to Hub Culture or its associated companies and is not in the public domain. "Confidential Information" includes but is not limited to, information relating to financial affairs, products, services, clients, members, customers, officers, directors and employees.

Data Protection and Ownership, Data Protection Statement

Hub Culture is classed as a Data Controller under the Data Protection Act 1998 and the European General Data Protection Regulation. This statement confirms our commitment to protect your privacy and to process your personal information in accordance with the Act.

What personal information we might need and why:

We may collect and process the following examples of personal information, although we may, at times, also need to collect other personal information that is not listed here:

 Your name (required)
 Contact information (for example address, telephone numbers, email addresses) (required)
 Information about your age, ethnicity, gender, nationality, disability status (optional)
 Your occupation (optional)
 Information about your education and qualifications (optional)
 Copy of Official documentation/ID (optional)
 Banking Information, Health Questions, or other data you add to your HubID (optional)

We may use/process this information to:

 Verify you as a member of the community
 Make up your HubID and provide services from Zeke
 Send you information that we think may interest you
 Comply with our legal and regulatory obligations

Protecting your information

We have appropriate technical and organisational measures in place to protect your information. We will handle and protect your information in line with our Information Charter and the data protection principles set out in the Act:

1. Personal data will be processed fairly and lawfully.
2. Personal data will be obtained only for one or more specified and lawful purpose(s) and will not be processed in a manner that is not compatible with that purpose(s).
3. Personal data will be adequate, relevant and not excessive in relation to the purpose(s) for which they are processed.
4. Personal data will be accurate and where necessary, kept up to date.
5. Personal data will not be kept for longer than is necessary.
6. Personal data will be processed in accordance with the data subject's rights under the Act.
7. Appropriate technical and organisational measures are in place to protect personal data from unauthorised or unlawful processing and from accidental loss, damage or destruction.
8. Personal data will not be transferred to a country or territory outside of the European Economic Area (EEA) unless we can be assured there is an adequate level of protection for the rights and freedoms of the data subjects.


Accessing and Controlling your information (Subject Access Requests)

Under the Act, you are entitled to ask for a copy of the personal information that we hold about you and to have any inaccuracies in your personal information corrected.

When you submit a request for your personal information, you are entitled to:

Delete Data: You can ask us to erase or delete all or some of your personal data (e.g., if it is no longer necessary to provide Services to you).

Change or Correct Data: You can edit some of your personal data through your account. You can also ask us to change, update or fix your data in certain cases, particularly if it is inaccurate.

Object to, or Limit or Restrict, Use of Data: You can ask us to stop using all or some of your personal data (e.g., if we have no legal right to keep using it) or to limit our use of it (e.g., if your personal data is inaccurate or unlawfully held).
 Right to Access and/or Take Your Data: You can ask us for a copy of your personal data and can ask for a copy of personal data you provided in machine readable form.

Requests for your personal information must be submitted to us via email: [email protected]

Postal requests should be sent to:
Data Protection Officer
Hub Culture Ltd.
3 Shepherd Street
London, W1J7HL
United Kingdom


Sharing your personal information

We may need to share your information with third parties. This may be for a variety of reasons but will always be to enable us to undertake our statutory functions, to regulate effectively and/or to comply with our legal or regulatory obligations. When your personal information is shared it will be done so in line with the Act. You are entitled to know why and how we are sharing your personal information (as noted above) and the organisation or individual receiving your personal information will be required to protect your information in line with the Act.


Cookie Policy

We use cookies and similar technologies (e.g., web beacons, pixels, ad tags and device identifiers) to recognize you and/or your device(s) on, off and across different Services and devices. We also allow some others to use cookies as described in our Cookie Policy. You can control cookies through your browser settings and other tools. You can also opt-out from our use of cookies and similar technologies that track your behaviour on the sites of others for third party advertising.


Logging and recording of communications with you

We may log communications between you and us for the purposes described earlier in this statement. We may also record telephone calls you make to us for quality and training purposes (you will be notified of this when you contact us).


Security

We implement security safeguards designed to protect your data, such as HTTPS. We regularly monitor our systems for possible vulnerabilities and attacks. However, we cannot warrant the security of any information that you send us. There is no guarantee that data may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards.


Lawful Basis for Processing

We will only collect and process personal data about you where we have lawful bases. Lawful bases include consent (where you have given consent), contract (where processing is necessary for the performance of a contract with you (e.g. to deliver the Hub Culture Services you have requested)) and legitimate interests.

Where we rely on your consent to process personal data, you have the right to withdraw or decline your consent at any time and where we rely on legitimate interests, you have the right to object. If you have any questions about the lawful bases upon which we collect and use your personal data, please contact our Data Protection Officer here. [email protected]


Location of Personal Data

Our platform is hosted and operating on top of an Amazon platform (AWS). Therefore the user data is stored securely in their services. Ex: User uploaded verification documents are stored securely on AWS S3 service. We have a sophisticated administration portal access system based on membership levels. Anyone who has General Administrator level got access to view user data. Their access can be revoked at anytime by a person who has Super Administrator level.

HIPPA/PIPA

Please visit HIPAA to learn about healthcare privacy laws regading healthcare data exchange.

Please note data provided through our platforms may be HIPAA/PIPA compliant when the data is provided by the MEMBER, not the Practitioner. In our services the member provides healthcare information onto their own page, and shares this with the Healthcare Practitioner, instead of the other way around. The data is owned by the member, and any data provided by the Healthcare Practitioner becomes owned by the member upon transmission.

An exception to this is the COVID-19 test result or Notes provided by a Healthcare Provider to the Member, which are transmitted the other way, from the Healthcare Practititioner to the member at their request. Upon receipt, ownership of the data belongs to the member.

Hub Culture maintains and stores the data on behalf of the member, but does not have access to view or read this data. Hub Culture does not sell this data or provide any other service than providing the Peer-to-Peer connection link between the Healthcare Practitioner and the Member. 

AQUA

Hub Culture provides membership and services for the AQUA (Active Quarantine User Ally) service on an as-is basis and makes no guarantee for the performance or efficacy of such provided services. Use of the service, technology hardware and data service is at the user's own risk.

Hub provides no warranty that any result or objective can be or will be achieved or attained at all by use of the AQUA service. In no event shall Hub be liable for any claim, damages or other liability, whether in an action of service, tort or otherwise, arising from, out of, or in connection with the service or the use or other dealings of the service.

Use of the AQUA service by the member determines inherent and clear acceptance that Hub does not have any liability to the member, outside party or clients (and there is no reasonable basis known to the user for any present or future proceeding, charge, complaint, claim, or demand against any of them giving rise to any liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product or devices provided by the Hub to the member as part of the Service.

AQUA will also optionally request to access your Media library if you wish to upload files from your AQUA app in order to submit a verification request to a registered health practitioner. This media that you upload will be shared with the registered health practitioner who you have already consented to.

Ven, Digital Assets, Funds, Syndicates and Stakes

Ven Finance Ltd. offers all members access to a Ven digital currency account which can be accessed and used via Hub Culture online services. Access to your account is provided on a digital basis only, which can be accessed at any time here. Information stored in your account includes all transaction histories for your account. In jurisdictions where a withdrawal of digital assets to an outside bank account or blockchain network is approved, you must first complete AML/KYC compliance procedures in order to access such services. Access to these services is available via your HubID Membership page. Printed statements of account are not provided, but such statements covering all account activity are available for all members in their Ven Transactions listing page
 
As the community and Ven economic ecoystem grows, it has enabled the development of bespoke products priced in Ven digital currency. Access to these products is offered via the Ven Stake System, a group membership oriented platform designed to simplify access to information and benefits surrounding financial products only. Purchase of a Fund or Stake provides only the information acess to related Fund or Stake Groups, not actual ownership of the asset itself. In most cases, access to the Fund or Stake Group grants benefits to members correlated to purchase benefits, principal returns, interest and dividends normally associated with financial asset ownership.
 
Funds and Stakes are not an advertisement and the information contained on this website does not constitute investment advice, an offer to sell, or the solicitation of any offer, to buy any securities and or derivatives and may not be reproduced, distributed or published by any recipient for any purpose. It is not directed at or intended for distribution to or for use by any person or entity in any jurisdiction where such distribution, publication, or use would be contrary to applicable law or regulation. The information provided should be read in conjunction with relevent any fund prospectus offered with the product.
 
You are strongly recommended to consult with your professional advisor regarding the suitability of any investments, funds or stakes offered herein. The value of your investment, fund or stake may fall as well as rise and is not guaranteed. Past performance is not an indicator of future performance. Changes in exchange rates may cause the value of investments to go down or up, especially relative to the Ven. Ven Finance Ltd. and/or Hub Culture reserves the right to levy exchange or dividend fees, credit card transaction fees and bank processing fees and other transactional fees as necessary.

Digital Assets and Specks

Hub Culture through Ven Finance Ltd. offers members the ability to store a range of digital assets, including cryptographic assets, price and transaction histories and pieces of data we refer to as Specks. Wherever possible, Ven Finance Ltd. provides distributed legal ownership of the data to the end user, and provides custody and other services on behalf of the customer. However, the ultimate responsibility for ownership and data management of these assets and specks lies with the end user, not with Hub Culture or Ven Finance.
 
In the event of a data breach or system compromise, the ultimate responsibility for the security of the assets held in the Hub Culture or Ven Finance ecosystem lies with the end user, not with Hub Culture or Ven Finance. Hub Culture and/or Ven Finance may charge fees associated to custody and storage of assets on behalf of the user, and these fees will be listed in the Ven transactions section of the customer account on HubCulture.com, or by extension a partner or ecosystem service.
 
Ven Digital Asset Fund
 
PRICE VOLATILITY
Digital assets have experienced significant intraday and long-term price swings. In addition, operates a quarterly redemption program and may halt subscriptions from time to time. There can be no assurance that the value of the common units of fractional undivided beneficial interest (“Shares”) of Ven Digital Asset Fund (the “Fund”) will approximate the value of the digital assets held by the Fund and such Shares may trade at a substantial premium over or discount to the value of the digital assets held by the Fund. At this time, the Fund is operating a quarterly redemption program and therefore Shares are not always redeemable by the Fund. Subject to receipt of approval by the Sponsor or Manager, as applicable, in its sole discretion, the Fund may in the future cease to operate or vary its redemption program.
 
MARKET ADOPTION
It is possible that digital assets generally or any digital asset in particular will never be broadly adopted by either the retail or commercial marketplace, in which case, one or more digital assets may losemost, if not all, of its value.
 
GOVERNMENT REGULATION
The regulatory framework of digital assets remains unclear and application of existing regulations and/or future restrictions by federal and state authorities may have a significant impact on the value of digital assets. There are substantial risks in investing in the Fund. For a complete list of all risk factors, please refer to the Private Placement Memorandum (the “Memorandum”) for the Fund as well as the disclaimer at the end of this presentation.
 
SECURITY
While the Fund has implemented security measures for the safe storage of its digital assets, there have been significant incidents of digital asset theft and digital assets remains a potential target for hackers. Digital assets that are lost or stolen cannot be replaced, as transactions are irrevocable.
 
RISK FACTORS LACK OF REGISTRATION
The fund is a private, unregistered investment vehicle that is not subject to the same regulatory requirements as exchange traded funds or mutual funds, including the requirement to provide certain periodic and standardized pricing and valuation information to investors. There are substantial risks in investing in the Fund. The Fund is not registered with the U.S. Securities and Exchange Commission (the “SEC”), any U.S. state securities laws, or the U.S. Investment Company Act of 1940, as amended, and the Shares of the Fund are being offered in reliance on Regulation S or under a private placement pursuant to Rule 506(c) under Regulation D of the Securities Act of 1933, as amended (the “Securities Act”). As a result, the Shares of the Fund may be restricted Shares subject to restricted holding periods in accordance with Rule 144 or Regulations S under the Securities Act. In addition, the Fund currently operates a redemption program. Because of the one-year holding period and the quarterly redemption program, Shares should not be purchased by any investor who is not willing and able to bear the risk of investment and lack of liquidity for at least one year. No assurances are given that after the one year holding period, there will be any market for the resale of Shares of the Fund, or, if there is such a market, as to the price at such Shares may be sold into such a market. Any interests in the Fund have not been recommended by any U.S. federal or state, or non-U.S., securities commission or regulatory authority, including the SEC. Any representation to the contrary is a criminal offense. Investors must be qualified buyers or have the financial ability, sophistication/experience and willingness to bear the risks of an investment. Any offering or solicitation will be made only to qualified accredited investors as defined under Rule 501(a) of Regulation D pursuant to a formal offering with additional documentation, all of which should be read in their entirety and contain material information not contained herein. Any offer or solicitation of an investment in the Fund may be made only by delivery of its confidential offering documents to qualified accredited investors. You should rely solely on such offering documents in making any investment decision. An investment in the Fund is not suitable for all investors. This document is intended for those with an in-depth understanding of the high risk nature of investments in digital assets and these investments may not be suitable for you. This document may not be distributed in either excerpts or in its entirety beyond its intended audience and the Fund and Ven Finance Limited (“Ven Finance”) will not be held responsible if this document is used or is distributed beyond its initial recipient or if it is used for any unintended purpose. This document not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful, and there is not enough information contained in this message on which to make an investment decision and any information contained herein should not be used as a basis for this purpose. The Fund and Ven Finance do not: produce in-house research; make recommendations to purchase or sell specific securities; provide investment advisory services; or conduct a general retail business. None of the Fund, Ven Finance, their affiliates, or any of their directors, officers, employees or agents shall have any liability, howsoever arising, for any error.
 
ADMINISTRATION:
DOMICILE: Saint Vincent and the Grenadines.
FUND DETAILS FUND TYPE: Open-ended CURRENCY USD / VEN
INVESTMENT MANAGER: X-Gen Investment Management
MANAGEMENT COMPANY: Fortis Mutual Funds SCC LTD.
FUND ADMINSITRATOR FASVG CUSTODIANS: Canadian Imperial Bank of Commerce, HSBC
COLD STORAGE: XAPO, CELSIUS
AUDITOR: KPMG
LEGAL: Wakefield Quin | Walkers | Dentons
 
FUND TERMS
Annual Management Fee: 2.0%Performance Fee: 20% (HWM)Redemption. 15 Business Day Settlement (T15) Min. Initial Investment: $25,000 USD or 250,000 VEN
Redemption. Fee: 5, 4, 3, 2, 1, 0%
Income Payable: Annually
 
DISCLAIMER
The information contained in VDAF documents is strictly confidential. Reliance on these document for the purpose of engaging in investment activity may expose an individual to significant risk of loss. If the recipient is in any doubt that the investment to which this document relates to then he/she should consult an authorised person specialising in investments of the kind in question. Any investment activity to which this document relates is only available to and will only be engaged with such persons. Persons falling outside these categories should not act or rely upon this document or any of its contents and should return any copies in their possession to the company. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the company, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, or act as an inducement to enter into a contract or commitment therefore. The information in this document is subject to updating, completion, revision, further verification and amendment without notice. No representation or warranty, express or implied, is made or given by or on behalf of the company any of their respective directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this document and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in this document. Accordingly, neither the company nor any of their respective directors, officers, employees, advisors, associated person or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon the statement or as a result of an admission in, or any document supplied with, this document or by any future communications a connection with such documents and any such liabilities are expressly disclaimed Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any representation, warranty or other assurance made fraudulently. Certain statements throughout these documents are “forward-looking. statements” and represent projections, expectations and beliefs concerning, among other things, future economic performance. Any such projections, expectations and beliefs necessarily involve known and unknown risks and uncertainties which may cause actual performance and financial results in future periods to differ materially from any such projections, estimates and beliefs. These documents and their contents are not directed at or intended for distribution to or use by any person or entity in any jurisdiction where such distribution, publication or use would be contrary to applicable law or regulation. These documents should be read in conjunction with the relevant Investment Memorandum and prospective investors interested in investing in the company are recommended to seek. their own independent financial, tax and legal advice. These documents are designed for professional advisers only. Not for distribution to the general public.

Legal Notice: Terms and Conditions

1. Definitions

"HUB CULTURE" is the interactive on-line service, physical location network and "VEN" interactive on-line commerce, accounting and exchange service operated by Hub Culture Ltd. or Ven Finance Ltd. ("HUB CULTURE") on the World Wide Web of the Internet, multimedia and mobile platforms consisting of information services and content provided by HUB CULTURE, members of HUB CULTURE, and other third parties, and member club locations, projects and events on a worldwide basis.

"Member" means each person or organization who establishes or accesses a connection ("Account") for access to and use of HUB CULTURE content, products, networks, destinations, information and services.

2. General

(A) This Agreement, which incorporates by reference other provisions applicable to use of HUB CULTURE, including, but not limited to, supplemental terms and conditions set forth in paragraph 13 hereof ("Supplemental Terms") governing the use of specific material contained in HUB CULTURE, sets forth the terms and conditions that apply to use of HUB CULTURE by Member. By using HUB CULTURE (other than to read this Agreement for the first time), Member agrees to comply with all of the terms and conditions hereof.

The right to use HUB CULTURE is personal to Member and is not transferable to any other person or entity. Member is responsible for all use of Member's Account (under any screen name or password) and for ensuring that all use of Member's Account complies fully with the provisions of this Agreement. Member shall be responsible for protecting the confidentiality of Member's password(s), if any.

(B) HUB CULTURE shall have the right at any time to change or discontinue any aspect or feature of HUB CULTURE, including, but not limited to, content, hours of availability, and equipment needed for access or use.

3. Changed Terms

HUB CULTURE shall have the right at any time to change or modify the terms and conditions applicable to Member's use of HUB CULTURE, or any part thereof, or to impose new conditions, including, but not limited to, adding fees and charges for use. Such changes, modifications, additions or deletions shall be effective immediately upon notice thereof, which may be given by means including, but not limited to, posting on HUB CULTURE, or by electronic or conventional mail, or by any other means by which Member obtains notice thereof. Any use of HUB CULTURE by Member after such notice shall be deemed to constitute acceptance by Member of such changes, modifications or additions.

4. Equipment

Member shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of HUB CULTURE and all charges related thereto.

5. Member Conduct

(A) Member shall use HUB CULTURE for lawful purposes only. Member shall not post or transmit through HUB CULTURE any material which violates or infringes in any way upon the rights of others, which is unlawful, threatening, abusive, defamatory, invasive of privacy or publicity rights, vulgar, obscene, profane or otherwise objectionable, which encourages conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any law, or which, without HUB CULTURE's express prior approval, contains advertising or any solicitation with respect to products or services.

Any conduct by a Member that in HUB CULTURE's discretion restricts or inhibits any other Member from using or enjoying HUB CULTURE will not be permitted. Member shall not use HUB CULTURE to advertise or perform any commercial solicitation, including, but not limited to, the solicitation of users to become subscribers of other on-line information services competitive with HUB CULTURE.

(B) HUB CULTURE contains copyrighted material, trademarks and other proprietary information, including, but not limited to, text, software, photos, video, graphics, music and sound, and the entire contents of HUB CULTURE are copyrighted as a collective work under the United States copyright laws.

HUB CULTURE owns a copyright in the selection, coordination, arrangement and enhancement of such content, as well as in the content original to it. Member may not modify, publish, transmit, participate in the transfer or sale, create derivative works, or in any way exploit, any of the content, in whole or in part. Member may download copyrighted material for Member's personal use only. Except as otherwise expressly permitted under copyright law, no copying, redistribution, retransmission, publication or commercial exploitation of downloaded material will be permitted without the express permission of HUB CULTURE and the copyright owner.

In the event of any permitted copying, redistribution or publication of copyrighted material, no changes in or deletion of author attribution, trademark legend or copyright notice shall be made. Subscriber acknowledges that it does not acquire any ownership rights by downloading copyrighted material.

(C) Members and Subscribers shall not upload, post or otherwise make available on HUB CULTURE any material protected by copyright, trademark or other proprietary right without the express permission of the owner of the copyright, trademark or other proprietary right and the burden of determining that any material is not protected by copyright rests with Member.

Member shall be solely liable for any damage resulting from any infringement of copyrights, proprietary rights, or any other harm resulting from such a submission. By submitting material to any public area of HUB CULTURE, Member automatically grants, or warrants that the owner of such material has expressly granted HUB CULTURE the royalty-free, perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate and distribute such material (in whole or in part) worldwide and/or to incorporate it in other works in any form, media or technology now known or hereafter developed for the full term of any copyright that may exist in such material. Member also permits any other Member to access, view, store or reproduce the material for that Member's personal use. Member hereby grants HUB CULTURE the right to edit, copy, publish and distribute any material made available on HUB CULTURE by Member.

(D) The foregoing provisions of Section 5 are for the benefit of HUB CULTURE, its subsidiaries, affiliates and its third party content providers and licensors and each shall have the right to assert and enforce such provisions directly or on its own behalf.

6. Disclaimer of Warranty; Limitation of Liability

(A) MEMBER EXPRESSLY AGREES THAT USE OF HUB CULTURE IS AT MEMBER'S SOLE RISK. NEITHER HUB CULTURE, ITS AFFILIATES NOR ANY OF THEIR RESPECTIVE EMPLOYEES, AGENTS, THIRD PARTY CONTENT PROVIDERS OR LICENSORS WARRANT THAT HUB CULTURE WILL BE UNINTERRUPTED OR ERROR FREE; NOR DO THEY MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM USE OF HUB CULTURE, OR AS TO THE ACCURACY, RELIABILITY OR CONTENT OF ANY INFORMATION, SERVICE, LOCATION OR MERCHANDISE PROVIDED THROUGH HUB CULTURE.

(B) HUB CULTURE IS PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE WARRANTIES WHICH ARE IMPLIED BY AND INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER THE LAWS APPLICABLE TO THIS AGREEMENT.

(C) THIS DISCLAIMER OF LIABILITY APPLIES TO ANY DAMAGES OR INJURY CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF RECORD, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE, OR UNDER ANY OTHER CAUSE OF ACTION. MEMBER SPECIFICALLY ACKNOWLEDGES THAT HUB CULTURE IS NOT LIABLE FOR THE DEFAMATORY, OFFENSIVE OR ILLEGAL CONDUCT OF OTHER SUBSCRIBERS OR THIRD-PARTIES AND THAT THE RISK OF INJURY FROM THE FOREGOING RESTS ENTIRELY WITH SUBSCRIBER/MEMBER.

(D) IN NO EVENT WILL HUB CULTURE, OR ANY PERSON OR ENTITY INVOLVED IN CREATING, PRODUCING OR DISTRIBUTING HUB CULTURE OR THE HUB CULTURE PRODUCTS, BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF THE USE OF OR INABILITY TO USE HUB CULTURE. MEMBER HEREBY ACKNOWLEDGES THAT THE PROVISIONS OF THIS SECTION SHALL APPLY TO ALL CONTENT ON HUB CULTURE.

(E) IN ADDITION TO THE TERMS SET FORTH ABOVE NEITHER, HUB CULTURE, NOR ITS AFFILIATES, INFORMATION PROVIDERS OR CONTENT PARTNERS SHALL BE LIABLE REGARDLESS OF THE CAUSE OR DURATION, FOR ANY ERRORS, INACCURACIES, OMISSIONS, OR OTHER DEFECTS IN, OR UNTIMELINESS OR UNAUTHENTICITY OF, THE INFORMATION CONTAINED WITHIN HUB CULTURE, OR FOR ANY DELAY OR INTERRUPTION IN THE TRANSMISSION THEREOF TO THE USER, OR FOR ANY CLAIMS OR LOSSES ARISING THEREFROM OR OCCASIONED THEREBY. NONE OF THE FOREGOING PARTIES SHALL BE LIABLE FOR ANY THIRD-PARTY CLAIMS OR LOSSES OF ANY NATURE, INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, PUNITIVE OR CONSEQUENTIAL DAMAGES. PRIOR TO THE EXECUTION OF A STOCK TRADE, SUBSCRIBERS ARE ADVISED TO CONSULT WITH YOUR BROKER OR OTHER FINANCIAL REPRESENTATIVE TO VERIFY PRICING OR OTHER INFORMATION. HUB CULTURE, ITS AFFILIATES, INFORMATION PROVIDERS OR CONTENT PARTNERS SHALL HAVE NO LIABILITY FOR INVESTMENT DECISIONS BASED ON THE INFORMATION PROVIDED. NEITHER, HUB CULTURE, NOR ITS AFFILIATES, INFORMATION PROVIDERS OR CONTENT PARTNERS WARRANT OR GUARANTEE THE TIMELINESS, SEQUENCE, ACCURACY OR COMPLETENESS OF THIS INFORMATION. ADDITIONALLY, THERE ARE NO WARRANTIES AS TO THE RESULTS OBTAINED FROM THE USE OF THE INFORMATION.

7. Monitoring

HUB CULTURE shall have the right, but not the obligation, to monitor the content of HUB CULTURE, including chat rooms, discussions, mail and forums, to determine compliance with this Agreement and any operating rules established by HUB CULTURE and to satisfy any law, regulation or authorized government request. HUB CULTURE shall have the right in its sole discretion to edit, refuse to post or remove any material submitted to or posted on HUB CULTURE. Without limiting the foregoing, HUB CULTURE shall have the right to remove any material that HUB CULTURE, in its sole discretion, finds to be in violation of the provisions hereof or otherwise objectionable.

8. Indemnification

Member agrees to defend, indemnify and hold harmless HUB CULTURE, its affiliates and their respective directors, officers, employees and agents from and against all claims and expenses, including attorneys' fees, arising out of the use of HUB CULTURE by Member or Member's Account.

9. Termination

Either HUB CULTURE or Member may terminate this Agreement at any time. Without limiting the foregoing, HUB CULTURE shall have the right to immediately terminate Member's Account in the event of any conduct by Member which HUB CULTURE, in its sole discretion, considers to be unacceptable, or in the event of any breach by Member of this Agreement. The provisions of Sections 5(B), 5(C), 5(D), 6, 8, 10 and this Section 9 shall survive termination of this Agreement.

10. Trademarks
HUB CULTURE and the HUB CULTURE SYMBOL, VEN and the VEN SYMBOL, HUBID and the HUBID SYMBOL, ZEKE and the ZEKE SYMBOL, and each of its associated logos are trademarks of HUB CULTURE Ltd. All rights reserved. All other trademarks appearing on HUB CULTURE are the property of their respective owners.

11. Third Party Content

HUB CULTURE is a distributor (and not a publisher) of content supplied by third parties and Members. Accordingly, HUB CULTURE has no more editorial control over such content than does a public library, bookstore, or newsstand. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by third parties, including information providers, Members or any other user of HUB CULTURE, are those of the respective author(s) or distributor(s) and not of HUB CULTURE. Neither HUB CULTURE nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its merchantability or fitness for any particular purpose. (Refer to Section 6 above for the complete provisions governing limitation of liabilities and disclaimers of warranty.)

In many instances, the content available through HUB CULTURE represents the opinions and judgments of the respective information provider, Member, or other user not under contract with HUB CULTURE. HUB CULTURE neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on HUB CULTURE by anyone other than authorized HUB CULTURE employee spokespersons while acting in their official capacities. Under no circumstances will HUB CULTURE be liable for any loss or damage caused by a Member's reliance on information obtained through HUB CULTURE. It is the responsibility of Member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through HUB CULTURE. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

12. Miscellaneous

This Agreement and any operating rules for HUB CULTURE established by HUB CULTURE constitute the entire agreement of the parties with respect to the subject matter hereof, and supersede all previous written or oral agreements between the parties with respect to such subject matter. This Agreement shall be construed in accordance with the laws of the Bermuda, without regard to its conflict of laws rules. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. The section headings used herein are for convenience only and shall not be given any legal import.

13. Supplemental Terms

Hub Culture Salons, Hub Culture Pavilions, the Hub Culture NooRepublic, Innovation Campus, Beach Club, Beach House, Cabanas, Crystal, Beach Shack, Bonfire, Boom Shake the Room, Gaia Game, Hello World Summit, HoLD: Home of Longterm Data, HubID, Knowledge Brokerage, Knowledge Contracts, LandRush, Liquidity Summit, Lyphic, One Night One Wish, Open Audit Initiative, Poolapalooza, Ski Haus, Ven, vBanks, Ven Racing, Knowledge Brokerage, BaselID, CannesID, DavosID, UNCOPID, Zeke.ai and all other titles associated to Hub Culture within are copyrighted properties of HUB CULTURE, subject to all terms and conditions outlined in Sections 1 through 12.

Membership Terms and Conditions

PAVILION MEMBERSHIP SUPPLEMENTAL TERMS & CONDITIONS 

1. Constitution
Hub Culture Pavilion ("HCP"), a social and work private membership facility situated at 3 Shepherd Street, London W1J7HL and temporary locations in other locations ("the Premises") is owned by Hub Culture Pavilions Ltd. ("the Company"). 

2. Acceptance as a member 
a) The Proprietor has absolute discretion upon whether to accept the application for membership based on referral of an applicant as a corporate or private Member of HCP. If an application for membership is accepted by HCP, membership of HCP by the applicant shall commence upon the agreed start date. Upon acceptance, the Member shall be issued with an account personal to him/her and shall be entitled to all of the rights and privileges for which his/her application for membership has been accepted. Entry to HCP is gained on checking in with the Concierge at main reception.
b) Acceptance by HCP of an application for membership HCP shall constitute a binding contractual arrangement between the HCP, the Hub Manager and the Applicant upon the Terms and Conditions of membership.

3. Limitation of liability
In consideration for HCP accepting an application for membership of HCP, and for he/she becoming and remaining a Member of the Club, the Member agrees that: 
a) Neither the HCP, the Hub Manager or the employees or their agents shall be liable for any loss, damage or theft of personal property belonging to the Member, or any guest of the Member, occurring upon HCP premises.
b) Neither HCP or the Hub Manager, or any employee or agent of HCP or the Hub Manager shall be responsible for any death or injury occurring upon HCP's premises or as a result of the use of facilities and/or equipment provided by HCP except to the extent that such death or personal injury arises from any negligent act or omission of HCP, the Hub Manager or any agent or employee of HCP or the Hub Manager and then only upon the determination of such negligence by HCP itself.

4. Assignment
Membership of HCP is personal to the Member and cannot be assigned, transferred or otherwise disposed of. The Member shall not loan his/her membership account or permit it to be used by anyone but the Member. Corporate memberships: HCP may assign the benefit of this Agreement to a third party at any time without notice of the Member.

5. Membership
a) Every candidate for Membership shall be at least 18 years of age.
b) Individual Membership and Corporate Membership are available subject to acceptance by HCP and subject to the Member abiding by the terms and conditions of Membership.
c) Group members of Corporate Memberships shall be subject to the rules governing individual members; and each Member is jointly and severally liable for the full contract value and any costs incurred as a result of obtaining payment.
d) Corporate Membership where applicable shall be available to five or more bonifide employees from the same company. The Hub Manager may request reasonable evidence of employment prior to acceptance as Corporate Members. Corporate Members may transfer membership within the same company on payment of the appropriate transfer fee, which will be half of the original joining fee paid.

6. Joining fee and membership subscriptions
a) All new applicants shall make a full advance payment or the equivalent of one month's fee comprising of the appropriate joining fee and the subscription applicable, at the time of acceptance as a Member of HCP. This payment is a non-refundable one off payment entitling you to become a member of the Club.
All new Members joining for longer than one month shall, at the time of joining, complete the HCP Direct Debit agreement. Irrespective of the actual usage of the facilities or any change in the members personal circumstances, ongoing membership subscriptions shall, when due, be payable by each Member and shall be debited from the Member's bank account via the Direct Debit agreement.
b) All membership contracts including those paid on a monthly basis cannot be terminated in the first year of membership irrespective of usage or change in circumstances. Membership will automatically be renewed and the appropriate subscription payment collected via HCP's Direct Debit agreement at each renewal date. Members may cancel their subscriptions and membership at any time after the first year by notifying the HCP in writing giving a minimum of one month's notice period.
c) Membership subscriptions may be increased by the HCP at any time after HCP shall give the Member no less than thirty days notice prior to any such increase.
d) If any part of the first twelve monthly membership subscription remains unpaid thirty days after the due date for payment, all monies owing to HCP in accordance with the contractual agreement will become due immediately.
e) Memberships that include guest arrival rights must adhere to generally accepted practices at the Pavilion. Due to space and other considerations, guest arrivals are intended for individual or small group meetings for 1-2 hours per person per day. Guests arriving for longer periods should purchase a daypass, regardless of the membership level of the inviting member.

7. Termination of membership
a) The Hub Manager may terminate the membership of any Member without notice and with immediate effect and no refund in the event of a Member committing a serious or repeated breach of the Membership Rules, and may terminate membership without cause upon refunding the unexpired portion of their current subscription. 
b) Cancellation:
i. The Member shall not be entitled to cancel membership during the initial twelve-month period of membership. 
ii. After the initial twelve-month period, a Member may cancel membership by giving one month's notice in writing to HCP. The management reserves the right to collect any sums 
outstanding by Direct Debit or by charging the nominated debit or credit card.
iii. Where renewal membership has been paid annually in advance, any refund applicable will be calculated as if the Member had been paying on a monthly basis. 
iv. Upon termination of membership, any monies owed to HCP relating to subscriptions or HCP accounts will automatically be charged to the Member via Direct Debit or to their nominated debit or credit card.
c) A Member may terminate their membership within seven days of joining HCP by resigning in writing and surrendering their membership account. They will then be entitled to receive a full refund at the time of cancellation although for each visit made to the Club during this period a deduction of the daily guest rate will be made.

8. Use of HCP facilities
a) Members will have an HCP Ven currency account with the company. All products and services will be payable in the Ven currency. This facilitates Members to use HCP's services and buy HCP's products without having to carry cash or credit cards. Members may charge their Ven account via their personal credit or debit cards on a top-up basis
b) The full value outstanding on the account shall be collected at monthly 
intervals via the HCP Direct Debit agreement.

9. Hours of opening
a) Normal hours of operation and the hours in which any facility
within HCP are available to Members can be obtained upon request.
b) The meeting and teleconference rooms and food and beverage facilities will close 30 minutes before the club closes.
c) HCP reserves the right to vary these opening times to accommodate private events or HCP functions. In addition, HCP has the right at any time to close any or all of the facilities for the purpose of cleaning, building, decorating, repairs or special functions. During a bank or public holiday special hours may apply.

10. General
a) Fraudulent or wrongful information given in order to obtain a regular or discounted membership will result in the cancellation of all membership rights and any action deemed necessary by HCP.
b) In the event of any default of the Member, the Proprietor may disclose personal particulars contained in the membership agreement to a credit reference agency or any other party necessary in obtaining settlement of arrears.
c) If through circumstances beyond the control of HCP, HCP is unable to provide the full range of services as advertised, the member shall remain liable for all fees relating to the subscription and other services provided.
d) Membership accounts are issued upon payment of the membership fee and content and files are hosted on HCP's servers for access globally by the member. Hub Culture and HCP make no warranties about the safety of data held on behalf of members and guests in its systems, whether offline or online.
e) HCP retains the right to vary, add or eliminate any of the particular services and facilities provided within an HCP.
f) Members are not to engage the services of HCP staff for use outside the club without the prior approval of the General Manager.