Public Offer

Place of Agreement: Republic of Armenia, Yerevan

LLC "Blob Solutions", represented by Director Alexander Kraiz, acting on the basis of the company's charter, on the one hand, and a third party who has accepted the offer posted on the Internet at https://emit.am/p/public-offer, on the other hand, hereinafter jointly and individually referred to as the "Parties" and "Party", have concluded this User Agreement (hereinafter referred to as the "Agreement") on the following:

1. Terms and Definitions

1.1. In this Agreement, the following terms and definitions shall have the meanings set forth below unless otherwise clearly stated in the text of the Agreement:

1.1.1. Company — LLC "Blob Solutions", a legal entity established in accordance with the laws of the Republic of Armenia, TIN: 02906081, address: Republic of Armenia, Yerevan, Saryan Street 31, apt. 16.

1.1.2. User — any person who has accepted the offer posted on the Internet at https://emit.am/p/public-offer.

1.1.3. Benefit — a good, service, privilege, right, or a combination thereof.

1.1.4. Activatable (redeemable) instrument — a document or digital (virtual) asset representing a contractual obligation by which the owner (holder) obtains the right to receive a specific Benefit from the other party under the terms provided in this Agreement. Examples include vouchers, certificates, coupons, gift cards, tickets, and similar documents.

1.1.5. Document (Redeemable Item) — a record of the Activatable instrument in the system that confirms the User's right to receive the Benefit. The Document certifies that the owner has fulfilled the Claim Condition and obligates the Commercial Partner to provide the Benefit upon request.

1.1.6. Commercial Partner — a legal entity or individual entrepreneur offering Benefits available through Activatable instruments.

1.1.7. Claim Condition — a condition that must be fulfilled to issue an Activatable instrument and obtain the corresponding asset, such as entering a secret code or making a payment on the platform.

1.1.8. Offer — an offer registered by the User on the platform for the possibility of receiving an Activatable instrument, including information on the type of Benefit, expiration date, maximum number of available instruments, and claim conditions.

1.1.9. Platform — a set of information, design, graphic elements, images, photo and video materials, and other intellectual property results, as well as software providing access to such information on the Internet at https://emit.am. The Platform is designed for creating, managing, and using Activatable instruments. The Platform operator is the Company.

1.1.10. Activation (also "Redemption") (Redeem) — an action by the Document owner aimed at receiving the Benefit from the Commercial Partner in accordance with the terms of the Document.

1.1.11. Payment Processor — a party providing the Company with services for processing payments and transactions. This could be, for example, a banking organization or a payment processing organization.

1.2. Other terms and concepts present in the Agreement are interpreted in accordance with the legislation of the Republic of Armenia.

1.3. The titles of chapters, sections, and articles are provided solely for convenience and do not have legal significance.

2. Subject of the Agreement

2.1. The Company provides the User with the opportunity to use the Platform under the conditions established by this Agreement, and the User agrees to use the Platform in accordance with the terms of this Agreement.

2.2. The User has the opportunity to use the Platform to obtain information about Offers posted on the Platform, as well as to receive Documents for Offers by fulfilling the Claim Conditions and performing actions specified by the Commercial Partner. Additionally, the User may use the Platform in other ways established by the Company. In cases provided for by the respective agreements, the Company, acting on behalf of and at the expense of the Commercial Partner, sells Documents to Users.

2.3. The Company is not a provider of Benefits. All obligations related to the provision of Benefits arise between the User and the Commercial Partner and/or third parties. The Company is not responsible for the validity and fulfillment of the mentioned obligations but reserves the right to verify transactions for legality and validity.

2.4. The User hereby consents to the Company transferring its rights, obligations, and debts under this Agreement to other parties at any time. The User may transfer its rights, obligations, and debts under this Agreement or part thereof to other parties only with the Company's written consent.

2.5. The Company may amend the terms of the Agreement without prior notice by posting the amended text on the Platform. The User agrees to regularly check the current terms and cease using the Platform if they disagree with the changes.

3. Rights and Obligations of the Parties

3.1. User Obligations

3.1.1. Properly fulfill their obligations under this Agreement and comply with the terms of the Agreement.

3.1.2. Review the current version of this Agreement each time they visit the Platform before using it.

3.1.3. Strictly adhere to and comply with the Platform usage rules.

3.1.4. Provide only accurate, correct, and complete information on the Platform and under no circumstances mislead the Company and/or other Users and/or third parties.

3.1.5. Comply with the sanction regime. The User agrees not to use the services and agreement to circumvent international, national, or local sanctions, including sanctions imposed in connection with the conflict between the Russian Federation and Ukraine. The User agrees to comply with all applicable laws and regulations concerning sanctions.

3.2. Company Rights

3.2.1. Terminate, suspend, and/or block the User's access to the Platform if the Company's opinion is that the User's activities pose a threat to the Platform and/or other Users and/or third parties, as well as in case of violation of the Agreement terms or other Company requirements by the User.

3.2.2. Unilaterally change the technology and conditions of the Platform's operation.

3.2.3. At its discretion and without additional User consent, modify and/or delete any information entered or posted by the User on the Platform.

3.2.4. Terminate the operation of the Platform, conduct maintenance work on the Platform, and make modifications.

3.2.5. Verify User data, as well as data of other persons specified by the User, according to the Company's and/or Partner's criteria. In addition, the Company has the right to request the User to provide identity documents and other necessary documents and data for User identification. If the requested documents and/or data are not provided, the Company has the right to terminate/block the User's access to the Platform, prohibit the User from using the Platform. The types of identity documents and data, as well as the procedure for their submission, are determined by the Company independently.

3.2.6. Contact the User through the contact details provided by them.

4. Offer and/or Document Restrictions

4.1. Non-convertibility into monetary funds: Benefits provided under Documents are not monetary funds or financial instruments and cannot be exchanged for money or other financial assets.

4.2. Prohibition on using as collateral: Documents cannot be used as collateral or security for obtaining loans or credits.

4.3. Prohibition on resale: Documents cannot be resold to third parties.

4.4. Transfer limitation: Documents may be transferred to other persons, except for the initial purchaser, only three times. The fourth holder is the final permissible Document holder.

4.5. Validity period: All Documents have a limited validity period not exceeding one year from the issuance date unless otherwise specified in the Document's conditions.

4.6. Maximum value: The maximum amount that can be set as the Claim Condition "Payment" for one Document cannot exceed 3,000,000 AMD.

4.7. Purchase Limits: Regular users can purchase Documents for a total amount not exceeding 200,000 AMD per calendar month and not more than 1,000,000 AMD per calendar year. Verified users can purchase Documents for a total amount not exceeding 5,000,000 AMD per calendar month and not more than 36,000,000 AMD per calendar year.

4.8. Usage conditions: Documents may only be used within the established conditions and cannot be combined with other offers.

4.9. Usage for intended purposes: Documents may only be used to receive goods or services provided by specific partners with whom the Platform has contractual agreements.

4.10. Benefit Restrictions:

See APPENDIX TO PUBLIC OFFER №1.

5. Liability of the Parties

5.1. The information posted on the Platform (including Offers, Benefits) is entered by the Commercial Partner and/or third parties, and the Company is not responsible for the accuracy, completeness, or correctness of the information posted, as well as for any damage caused to Users or other persons as a result of using such information and the Platform. The Company is not obligated to edit, verify, or control the information entered by the Commercial Partner and/or third parties. The Company does not guarantee the completeness, accuracy, or correctness of the information entered on the Platform by the Commercial Partner and/or third parties, and Users assume all risks associated with using the information. The User understands and agrees that they may encounter inappropriate, offensive, or controversial information on the Platform.

5.2. The Company is not responsible for the improper conduct of individuals using the Platform.

5.3. The Company does not guarantee that:

5.3.1. The Platform will meet the User's expectations and requirements;

5.3.2. The results obtained using the Platform will be accurate and reliable;

5.3.3. Any service, program, or information obtained using the Platform will meet the User's expectations and requirements;

5.3.4. The Platform will operate without interruptions, quickly, and without errors;

5.3.5. All errors on the Platform will be corrected.

5.4. The Platform or parts thereof may be periodically unavailable, including due to technical and maintenance work.

5.5. In any case, the total amount of compensation for damage to the User and/or third parties by the Company is limited to 30,000 (thirty thousand) AMD. The Company is not liable for indirect damages, damages from using the Platform, or lost profits.

5.6. The Company is not responsible for the conditions associated with the Offer under any circumstances.

5.7. The User uses the Platform, fulfills the Claim Conditions, and makes payments at their own risk, and the Company is not responsible for any damages incurred by the User.

5.8. The Company is exempt from liability for partial or complete non-fulfillment of obligations under this Agreement in the event of force majeure circumstances, such as: war, natural disasters, epidemics, strikes, and other extraordinary events beyond the Company's control.

6. Personal Data

6.1. If the User enters their data (including personal data) on the Platform or provides them to the Company and/or the Commercial Partner in any other way, the User consents to the collection, processing, storage, transfer, deletion, blocking of their data, both using automated means and without them. The User, registering on the Platform to obtain Documents, is informed and agrees that their personal data will be transferred to and accessible by the Commercial Partners.

6.2. The Company's policy on personal data complies with the requirements of the legislation of the Republic of Armenia.

7. Dispute Resolution

7.1. The Agreement and all related relations are governed by the legislation of the Republic of Armenia. Disputes arising between the Parties shall be resolved in accordance with the legislation of the Republic of Armenia.

7.2. All disputes, disagreements, or claims related to the performance, termination, or invalidation of the Agreement, the Parties will seek to resolve through negotiations. The Party with disputes and/or claims must send a message to the other Party by email at [email protected], specifying the claims and/or disagreements that have arisen.

7.3. Within 15 (fifteen) business days from the date of receiving the message specified in clause 7.2 of the Agreement, the receiving Party shall send a response to the message.

7.4. If the Party sending the message does not receive a response from the other Party within 17 (seventeen) business days or if the dispute is not resolved, it shall be resolved in court in accordance with the legislation of the Republic of Armenia.

8. Entry into Force of the Agreement and Changes to Terms

8.1. This Agreement, the text of which is permanently posted on the Internet at https://emit.am/p/public-offer, contains all the essential terms of the Agreement and is an offer by LLC "Blob Solutions" to enter into an Agreement with the User on the terms specified in the text of this Agreement. Thus, in accordance with Article 453 of the Civil Code of the Republic of Armenia, the text of this Agreement, used for providing services via the Internet, is considered a public offer.

8.2. In accordance with Article 454 of the Civil Code of the Republic of Armenia, a proper acceptance of the offer is considered to be the completion by a third party of one of the following actions:

8.2.1. Entering the email address in the login form and confirming the accuracy of the data by clicking the "Login" button or any other interaction with the Platform interface, essentially corresponding to the User's desire to log into the Platform.

8.3. The Agreement is considered concluded from the moment of clicking the "Login" button or any other interaction with the Platform interface, essentially corresponding to the User's desire to log into the Platform.

8.4. The Company may at any time unilaterally refuse to perform the Agreement (unilaterally terminate the Agreement out of court) by posting the corresponding notice on the Platform and/or notifying the User thereof. From the moment of posting the notice on the Platform or sending the notice to the User, the Agreement is considered terminated. The User may at any time unilaterally refuse to perform the Agreement by sending the corresponding email to [email protected].

8.5. The Parties to this Agreement agree that the Company may unilaterally amend the Agreement by posting the amended text of the Agreement on the Internet at https://emit.am/p/public-offer. The User, by using the Platform, agrees to the changes. If the User disagrees with the changes, they shall cease using the Platform.

9. Service Provision Conditions

9.1. Payment and Commissions

9.1.1. The commission fee charged by the Platform in the event of applying the Claim Condition "Payment" (making a payment for the Document) is set individually for each Commercial Partner. By default, the Platform commission is 2.5%, starting from April 1, 2025. Until that date, the Platform does not charge any commission, except for covering expenses for Payment Processors and withdrawal costs.

9.1.2. The procedure for distributing the remaining funds to the Principal will be determined by the terms of the respective Document.

9.1.3. All payments must be made in accordance with the Platform's terms.

9.2. Withdrawal of Funds

9.2.1. Clients have the right to request the withdrawal of funds paid for issued Documents to their bank accounts.

9.2.2. Withdrawal requests must be submitted through the Platform with all necessary bank details.

9.2.3. The Company undertakes to process withdrawal requests within 5 business days from the date of the request submission.

9.2.4. The Company is not responsible for withdrawal delays caused by banks or other circumstances beyond the Company's control.

9.2.5. Clients must provide accurate bank details in a timely manner. The Company is not responsible for incorrectly provided bank details by Clients.

9.2.6. A 14-day delay in funds being credited by the payment processor is permissible, starting from the moment the recipient confirms the fulfillment of their conditions. This is considered a normal waiting period for platform operations.