Last updated: 5th July 2018.

Please read these Terms of Token Sale and Use ("Terms") carefully in full. These Terms constitute a binding agreement between yourself and INFINITUS TECHNOLOGIES PTE. LTD., a limited liability company registered in Singapore with Unique Entity Number 201725290K ("Infinitus", "we" or "us"). These Terms apply only to, and govern your acquisition and use of, tokens ("INF") issued by Infinitus during the token sale period ("Sale Period"). By purchasing INF from us during the Sale Period, you agree to, and will be bound by, these Terms and all terms incorporated by reference.


There are risks associated with purchasing, holding, and/or using crypto-assets in general, including INF. The nature of these risks are set out in more detail in Exhibit B. If you have any further questions regarding these risks, please contact us at support@Infinitustoken.io. In purchasing INF, you will be deemed to have read, understood, and accepted these risks in full.

If you have any questions regarding these Terms, please contact us at support@Infinitustoken.io.

You and Infinitus (each, a "Party" and collectively, the "Parties") agree as follows:


    Infinitus is a decentralized application ("Infinitustoken.io") A blockchain-based mobile dApp. INF Tokens are the medium through which you may access and use the INF “vault services”, subject to limitations and conditions in these Terms and other applicable terms and policies. Your ownership or control of INF does not confer any right (whether express or implied) other than the right to use INF as a means to enable access to and receive the services. In particular, owning or controlling INF does not represent or grant you any ownership right or stake; economic, voting, or other control-related rights; or any right to receive future revenue, intellectual property rights or any other form of participation in or relating to Infinitustoken.io, the services, or Infinitus (and any persons affiliated to it), other than rights relating to the provision and receipt of Services. INF are not intended to be a digital currency, security, commodity, or any other kind of financial instrument.The only rights granted in respect of the INF Tokens are to hold, transfer and use the INF Tokens in respect of the platform, protocol or network that INF Issuer is developing or operating. INF Tokens do not have any other rights, use, purpose, value, attributes, functionalities or features, whether expressed or implied. The INF Tokens are not intended to be redeemed, purchased or otherwise transacted for profit. All purchaser and holders of the Token will not receive any profit, income, return or other benefit purely by virtue of holding the INF Token.Tokens are not to be understood, deemed, interpreted or construed to be or to be representative of any kind of:

    1. currency, legal tender, money or deposit, whether fiat or otherwise, nor any substitute for such currency, legal tender, money or deposit;
    2. investment (whether secured or unsecured), equity interest, proprietary interest, economic right (including any kind of right to payment, income, dividend, return, profit, or other return, or any sums to be paid, or likely to be paid, out of such), share or similar interest in or claim against any person, asset, entity, organization, scheme, venture or project;
    3. equity, debt or hybrid instrument, security, collective investment scheme, managed fund, financial derivative, futures contract, deposit, commercial paper, negotiable instrument, investment contract, note, bond, warrant, certificate or instrument entitling the holder to interest, dividends or any kind of return, nor any other financial instrument;
    4. right, title, interest or benefit whatsoever in whole or in part, in any person or property, or any assets whatsoever; or
    5. any commodity that is regulated under applicable law or which any person is obliged to redeem or purchase

    INF Tokens are not guaranteed or secured by any person, asset, entity, organisation, scheme, venture or project, including the Issuer, in any way. The Issuer is under no obligation to issue replacement Tokens in the event that any INF Token or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible for any reason. Neither the Issuer nor any other person is obliged to redeem or purchase the INF Tokens at any time.

    Token Issuance are mostly unregulated by governments in various jurisdictions at present therefore the issuance of INF Tokens may be suspended or cancelled at any time due to unforeseen circumstances. All Tokens Purchase are final and non-refundable.


    Unless otherwise stated herein, these Terms govern only your purchase of INF from Infinitus during the Token Sale Period. Any use of INF in connection with receiving or participating in Services will be governed primarily by the terms stated in this document. Infinitus may amend the Terms of Service at its sole discretion.


    All purchases of INF made during the Sale Period are final unless a refund or cancellation of a transaction is required by any applicable law or regulation. Infinitus reserves the right to refuse or cancel INF purchase requests at any time in its sole discretion.


    Important information about the procedures of Infinitus’s token sale (the "Token Sale") is provided in Exhibit A, including, but not limited to, details regarding the timing and pricing of the Token Sale, the amount of INF that will be sold, and our anticipated use of the Token Sale proceeds. By purchasing INF, you acknowledge that you understand and have no objection to these procedures and material specifications.

    If you do not agree to any part of these Terms, please refrain from purchasing any INF Tokens.


    In purchasing INF during the Token Sale, you represent and warrant that you:

    • have read and understood these Terms (including all Exhibits);
    • have sufficient understanding of the functionality, usage, storage, transmission mechanisms, and other material characteristics of cryptographic tokens, token storage mechanisms (such as token wallets), blockchain technology, and blockchain-based software systems to understand these Terms and to appreciate the risks and implications of purchasing INF;
    • have obtained sufficient information about INF to make an informed decision to purchase INF and have otherwise had opportunity to contact us at support@Infinitustoken.io with any questions you may have regarding purchasing INF;
    • understand that owning INF will confer only the right to receive and participate in services offer via the INF mobile application and the INF platform, and will not confer any other rights in relation to Infinitustoken.io or Infinitus (and any corporate affiliates Infinitus may presently or subsequently have), including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial, legal, or corporate governance rights;
    • are purchasing INF solely to receive or participate in Services and to support the operation of Infinitustoken.io and Infinitus’s provision of the Services. You are not purchasing INF for any other uses or purposes, including, but not limited to, any investment, speculative or other financial purposes;
    • are acting in full compliance with all laws and regulations applicable to you including, but not limited to,

      • legal capacity and any other threshold requirements for purchasing INF, using INF in connection with the Services, and entering into contracts with Infinitus,
      • any foreign exchange or regulatory restrictions applicable to such purchase, and
      • obtaining all governmental or other consents that may need to be obtained in order for you to purchase and use

    • will comply with any tax obligations applicable to yourself arising from your purchase of INF;
    • in purchasing INF on behalf of any entity, are authorized to accept these Terms on such entity’s behalf. You further represent and warrant that such entity will be responsible for breach of these Terms by you (either individually or jointly with such entity) or any other employee or agent of such entity
    • are not a citizen or resident of a geographic area in which access to or use of the Services is prohibited by applicable law, decree, regulation, treaty, or administrative act, or a citizen or resident of, or located in, Democratic People’s Republic of Korea, Bosnia, Congo, Eritrea, Ethiopia, Herzegovina, Iran, Iraq, Libya, Somalia, South Sudan, Sudan, Sri Lanka, Syria, Trinidad, Tobago, Tunisia, Vanuatu, and Yemen. You agree that if your country of residence, citizenship, or other relevant circumstances change such that the above representations are no longer accurate, that you will immediately cease using the Services. If you are registering to use the Services on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization, and (ii) you are duly authorized by such legal entity to act on its behalf;
    • are not funding your purchase of INF with funds stemming from illegal activities or sources; and
    • will supply us with information that is true, complete, and accurate in all material aspects upon our request and promptly notify us in the event of a change to information previously so supplied.


    To the fullest extent permitted by applicable law, you agree to fully indemnify and hold harmless Infinitus and each of its employees, officers, directors, equity holders, legal and financial advisers, parent companies, subsidiaries, affiliates, agents, and representatives (as well as their predecessors, successors ,and assigns) (collectively, the "Infinitus Affiliates") from and against all claims, demands, actions, damages, losses, costs and expenses (including reasonable attorneys’ fees) that arise from or relate to your:

    • purchase or use of INF,
    • responsibilities or obligations under these Terms, o violation of these Terms, or
    • violation of any rights of any other person or entity.

    While you may observe and participate in any applicable legal proceedings, Infinitus reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this clause 6, including choice of legal counsel. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in any other written agreement between yourself and Infinitus.


    INF are sold on an "as is" and "as available" basis without warranties of any kind. We expressly disclaim all implied and statutory warranties as to INF, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, quiet enjoyment, satisfactory quality, and all warranties arising from course of dealing, usage, or trade practice. We do not represent or warrant that INF are reliable, error-free, or meet all your requirements, or that defects in INF will be corrected. We cannot and do not represent or warrant that INF or the delivery mechanism for INF are free of viruses or other harmful components. We do not warrant that the use of INF will be uninterrupted.Transactions using crypto-assets and blockchain technology, such as those involving the sale of INF, are vulnerable to different types of failures, including but not limited to, high network volume, computer failure, blockchain failures or disruptions, and user failure. We are not responsible for any losses (including, without limitation, any loss of data, other crypto-assets, INF, hardware, or software) arising in connection with any such failures or any actions taken by you in connection with the Token Sale./

    The disclaimers and other risk disclosures contained in these Terms apply to the fullest extent permitted by applicable laws.


    In no event, and to the fullest extent permitted by law, will Infinitus or any of the Infinitus Affiliates be liable for any indirect, incidental, punitive, special, exemplary or consequential damages of any kind (including, but not limited to, where related to loss of revenue, income or profits, loss of use or data, or damages for business interruption) arising out of or in any way related to the services, consortium, sale or use of INF or otherwise related to these Terms, regardless of the form of action, whether based in contract, tort (including, but not limited to, negligence), or any other legal or equitable theory. This limitation of liability applies even where you or someone else has advised us of the possibility of such damages or such damages were otherwise foreseeable by you or us. However, our liability for any loss you incur as a direct result of our gross negligence, fraud, or intentional, willful, or reckless misconduct will not be excluded by this clause 8.In no event will the aggregate liability of Infinitus or any of the Infinitus Affiliates, whether in contract, warranty, tort (including, but not limited to, negligence), or other theory of law, arising out of or relating to these Terms or the use of or inability to use INF, exceed the amount you pay to us for your purchase of INF.


    You are responsible for implementing reasonable measures for ensuring the security of the wallet or other storage mechanism you use to receive and hold INF you purchase from us, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your INF temporarily or permanently and your INF may not be recoverable. Infinitus is not responsible, and is not obliged to compensate you, for any such losses.


    Certain laws and regulations applicable to Infinitus, particularly in relation to Infinitus’s anti-money laundering and countering the financing of terrorism obligations, may require us to collect, process and analyse certain information about you in relation to your purchase of INF. Such information may be disclosed to Infinitus’s service providers for further validation and processing in order to fulfil these obligations. We will handle all personal data we receive from you in accordance with the Personal Data Protection Act 2012. Such information may contain your personal data. You agree to provide us all such information in full promptly upon request. We reserve the right to reject your request to purchase INF if you do not furnish us with all the information requested or that Infinitus has assessed that we do not want to accept the relevant risk in accepting your request to purchase after performing necessary due diligence. Infinitus is under no obligation whatsoever to provide you with any reason for rejecting your request to purchase INF, including any reason relating to the inadequacy or otherwise of information you provide to us.


    The purchase price that you pay for INF does not include applicable taxes, if any. You are responsible for determining the taxes, if any, that apply to your purchase of INF, as well as for withholding, collecting, reporting, and remitting the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting, or remitting any tax arising from your purchase of INF. To the fullest extent permitted by law, you agree to not hold Infinitus or any of its affiliates, shareholders, directors, or advisors responsible for any tax liability associated with or arising from the purchase of INF.


    These Terms are governed by and will be construed in accordance with the laws of the Republic of Singapore.


    All disputes arising out of or in connection with these Terms will be subject to the exclusive jurisdiction of the courts of the Republic of Singapore.


    If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms, and the rest of these Terms will otherwise remain in full force and effect.


    We reserve the right, at our sole discretion, to change, modify, add, or remove portions of the Terms at any time, including, without limitation, as may be required to comply with any applicable laws or regulations. If we make changes, we will post the amended Terms at www.Infinitustoken.io and include the date of such update.Unless otherwise specified, amended Terms are effective and binding immediately.


    These Terms constitute the entire agreement between you and us relating to your purchase of INF. While we may assign our rights and obligations under these Terms, you are not allowed to assign your rights and obligations under these Terms without our prior written consent. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control. Neither these Terms, nor purchasing INF from us, create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise expressly provided for herein, these Terms are intended solely for the benefit of yourself and us and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, may be provided in electronic form. Our failure to insist upon or enforce any provision of these Terms shall not be construed as a waiver of any provision or right. Any provisions of these Terms that by their nature should survive or that are otherwise necessary to enforce the purpose of these Terms, will survive the termination of these Terms. All headings included in these Terms are included for convenience only, and shall not be considered in interpreting these Terms. These Terms do not limit any rights that we may have pursuant to any intellectual property laws or any other laws. All rights and remedies available to us, pursuant to this Agreement or otherwise, at law or in equity, are cumulative and not exclusive of any other rights or remedies that may be available to us.


Token Sale Procedures and Specifications

    The price per Token at the Token Sale is USD0.24. This is payable in ETH or fiat currencies Infinitus may elect, in its sole discretion, to accept as payment for INF (each, a "Payment Currency"), according to applicable exchange rates for your Payment Currency (i.e., ETH/USD, BTC/USD, etc.) published on Coinbase or any other reputable exchanges that Infinitus may determine as of the time your unique deposit address receives payment from you for INF. Infinitus reserves the right to amend the price per INF, at its sole discretion, during the Token Sale Period.


    The Sale Period comprises of two phases, namely, a: (1) private sale period, where a limited number of persons, as determined by Infinitus, may purchase INF (the "Private Sale Period") and (2) public sale period, where members of the public may purchase INF (the "Public Sale Period").

    The Private Sale Period will commence on 15th February 2018 0000hrs (SGT). The indicative Private Sale Period will end on 15th July 2018 2359hrs (SGT).

    Pre-Sale INF Tokens has a lock up period of 30days from the Date of Exchange Listing. In the event of multiple exchange listings, it shall be counted from the 1st Exchange Listing Date.

    Public Sale INF Tokens does not have any lock up period. Infinitus will commence the Public Sale Period after the close of the Private Sale Period through the GBX Grid platform. Updates are published on www.infinitustoken.io.

    The INF Token Sale may be suspended or cancelled any time due to unforeseen circumstances without notice.


    Instructions on how to buy and receive INF may be found at www.Infinitustoken.io.


    Infinitus intends to generate a total of 100,000,000 INF. Infinitus will set aside 75,000,000 INF strictly for sale during the Token Sale Period. Any amount of these 75,000,000 INF that remains unsold after the Token Sale Period will be kept by the management team for future development.

    Any INF Tokens retained by Infinitus we reserve the right to deal with Retained INF in any manner it deems fit including, without limitation, using the Retained INF to compensate employees (including salaries and non-salary compensation) or fund future development of Infinitustoken.io. These anticipated purposes are listed for illustration only, and Infinitus reserves the right to use reserved INF for these purposes (or others) at its sole discretion.


    Generally, the proceeds from the Token Sale (the "Proceeds") will be used as set out below.

    • Development (10% of Proceeds)
    • Operations (19% of Proceeds)
    • Marketing (47% of Proceeds)
    • Technology (24% of Proceeds)

    The anticipated uses of the Proceeds described above are provided for illustrative purposes only. Infinitus reserves the right to allocate Proceeds at its sole discretion in such manner as it deems fit.


Certain Risks Relating to Purchase, Sale and Use of INF

INF are not being structured or sold as securities or any other form of investment product, financial instrument, or similar. Accordingly, none of the information presented in this Exhibit B or anywhere else in the Terms is intended to form the basis for any investment decision, and does not constitute any financial, investment, legal, tax, or other professional advice or recommendations. Infinitus expressly disclaims any and all responsibility 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 Exhibit B, (ii) any error, omission or inaccuracy in any such information, or (iii) any action resulting from such information.

By purchasing, holding and using INF, you expressly acknowledge and assume the risks set out in these Terms, including those listed in this Exhibit B.


    The regulation of tokens such as INF is still in a very nascent stage of development in Singapore and around the world. A high degree of uncertainty as to how tokens and token- related activities are to be treated exists. The applicable legal and regulatory framework may change subsequent to the date of these Terms. It is not possible to anticipate with any degree of certainty the nature of such regulatory evolution and the subsequent impact on Infinitus or INF Token.


    None of Infinitus or its affiliates is currently regulated or subject to the supervision of any regulatory body in Singapore. In particular, Infinitus and its affiliates are not registered with MAS in Singapore as any type of regulated financial institution or financial advisor and are not subject to the standards imposed upon such persons under the Securities and Futures Act, Financial Advisors Act, and other related regulatory instruments. Such persons are required to comply with a variety of requirements and standards concerning disclosures, reporting, compliance, and conduct of their operations for purposes or maximising investor protections. Since Infinitus is not subject to such requirements or standards, it will make decisions on those issues at its own discretion. While Infinitus will have regard to best practices on these issues, holders of INF will not necessarily enjoy the same extent and degree of investor protections as would be the case should they purchase products or services from regulated entities instead.


    As Infinitus is not a regulated financial institution, it does not owe holders of INF any fiduciary duties. This means that Infinitus has no legal obligation to always act in good faith in the best interests of holders of INF. While Infinitus will have regard to the interests of holders of INF, it is also permitted to consider the interests of other key stakeholders and to prefer these interests over the interests of INF holders. This may mean that Infinitus is permitted to make decisions that conflict with, or are not necessarily in, the interests of INF holders. Not owing any fiduciary duties to holders of INF also means that holders of INF may have limited rights of recourse against Infinitus and its affiliates in the event of disputes.


    The tax characterization of INF is unclear. Accordingly, the tax treatment to which they will be subject is uncertain. All persons who wish to purchase INF should seek independent tax advice prior to deciding whether to purchase any INF. Infinitus does not make any representation as to whether any tax consequences may arise from purchasing or holding INF.


    The tokenized nature of INF means that they are a blockchain-based asset. The security, transferability, storage, and accessibility of blockchain assets depends on factors outside of Infinitus’s control, such as the security, stability, and suitability of the underlying blockchain (in this case, the Ethereum blockchain), mining disruptions, and who has access to the private key of any wallet where INF are stored. Infinitus does not represent or otherwise assure that it can prevent such external factors from having any direct or indirect adverse impact on any of the INF. Persons intending to purchase INF should note that adverse events caused by such external factors may results in the loss of some or all INF purchased. Such loss may be irreversible. Infinitus is not responsible for taking steps to retrieve INF lost in this manner.

    As with other decentralized cryptographic tokens based on the Ethereum protocol, INF are susceptible to attacks by miners in the course of validating INF transactions on the Ethereum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the Services, Infinitustoken.io, and INF, including, but not limited to, accurate execution and recording of transactions involving INF.

    Hackers or other malicious groups or organizations may attempt to interfere with the Services, Infinitustoken.io, or INF in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing, etc.


    Infinitus cannot and does not guarantee or otherwise assure that there are no risks in relation to your purchase of INF. The purchase of INF may, depending on the manner in which the relevant purchase is effected, involve third parties or external platforms (e.g., cryptocurrency exchanges). The involvement of such parties or platforms may introduce risks that would not otherwise be present, such as misconduct or fraud by the third party, or your failure to receive INF upon duly making payment because of a third-party platform’s incompatibility with INF. Infinitus is not responsible for any risks arising due to the involvement of third parties, including the risk of not receiving (or subsequently losing) any or all INF you attempt to (or successfully) purchase.


    The tax characterization of INF is unclear. Accordingly, the tax treatment to which they will be subject is uncertain. All persons who wish to purchase INF should seek independent tax advice prior to deciding whether to purchase any INF. Infinitus does not make any representation as to whether any tax consequences may arise from purchasing or holding INF.


    INF are intended to be used solely in connection with the Services, and Infinitus will not support or otherwise facilitate any secondary trading or external valuation of INF. This restricts the contemplated avenues for using INF to the provision or receipt of Services, and could therefore create illiquidity risk with respect to the INF you hold. Even if secondary trading of INF is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them susceptible to fraud or manipulation. Furthermore, to the extent that third parties do ascribe an external exchange value to INF (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile and diminish to zero.


    INF are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance that we have or will arrange for in order to offer recourse to you.


    It is possible that alternative networks could be established that utilize the same open source code and protocol underlying the Services and attempt to facilitate services that are materially similar to the Services. The Services may compete with these alternative networks, which could negatively impact the Services and INF.


    It is possible that neither the Services nor Infinitustoken.io will be used by a large number of individuals, companies, and other entities or that there will be limited public interest in the creation and development of distributed ecosystems (such as Infinitustoken.io) more generally. Such a lack of use or interest could negatively impact the development of Infinitustoken.io and therefore the potential utility of INF.


    The Services and Infinitustoken.io are still under development and may undergo significant changes over time. Although we intend for development to progress in the fashion outlined in our white paper, and intend to take commercially reasonable steps toward those ends, we may have to make changes to the specifications for any number of legitimate reasons. This could create the risk that the Services, Infinitustoken.io, and INF, as further developed and maintained, may not meet your expectations at the time of purchase. Furthermore, it is still possible that the Services or Infinitustoken.io will experience malfunctions or otherwise fail to be adequately developed or maintained despite our good faith efforts to prevent this from occurring. This may negatively impact the Services, Infinitustoken.io, and INF.


    It is possible that, due to any number of reasons, including, but not limited to, a decrease in the utility of INF, the failure of commercial relationships, or intellectual property ownership challenges, the Services, Infinitus, or Infinitustoken.io may no longer be viable to offer or operate and Infinitus may suspend operations or dissolve.


    Because INF confer no control or governance rights of any kind with respect to the Services, Infinitustoken.io, or Infinitus or its affiliates, all decisions involving the Services or Infinitustoken.io will be made by Infinitus at its sole discretion. This includes, but is not limited to, decisions to discontinue all or part of the Services; create and sell more INF providing access to the Services; or to sell or liquidate Infinitus. These decisions could adversely affect you in various ways, including in relation to your use of the Services and INF you hold.


    Cryptographic tokens such as INF are a new and untested technology. In addition to the risks included in this Exhibit B, other risks may arise in connection with your purchase, holding, and use of INF, including risks that Infinitus cannot anticipate. Such risks may materialize at any point in time. Infinitus is not responsible for any adverse impact that you may encounter from a risk that has not been identified in any part of these Terms.