Chia Academy Program and Contest Terms and Conditions

1. General.

Chia Network Inc. (“the Company”, “we”, or “us”) invites you to submit your idea, use case, or other requested submission information for consideration as part of the contest, promotion, or other program that the Company is administering (the “Program”, and such submission, collectively, a “Submission”). The below terms and conditions (these “Terms”) govern your Submission and your participation in the Program. All Submissions must meet the following criteria:

• Submissions (including your personal contact details) must be true, accurate, original, non-infringing and not in violation of any third-party rights (including, by way of example and not limitation, the rights of privacy and publicity), exclusively created, and owned by you, and you must have all rights necessary to submit the Submission.
• Submissions may not contain information of any individuals who have not provided their explicit, legally enforceable authorization or any other sensitive information.
• All Submission materials must be in English or, if not in English, you must provide an English translation of the Submission.
• Submissions must be received by the Company from 12:00am Eastern Time May 1, 2024 through 11:59pm Eastern Time May 31, 2024.
• The Company reserves the right to reject any applicant or Submission for any or no reason in its sole discretion and without notice.

2. Eligibility.

To participate in a Program, you generally must be 18 years of age or older and reside in the United States or in a jurisdiction where your Submission to the Program does not violate applicable laws or regulations. You may not participate in a Program if you are a resident of a country, state, province or territory where the laws of the United States or local law prohibits participating or receiving a prize in the Program (including, but not limited to, Brazil, Quebec, Russia, Crimea, Cuba, Iran, North Korea, Syria and any other country designated by the United States Treasury's Office of Foreign Assets Control). You may not participate if you are an employee, director, officer, or agent of the Company or its affiliates, or are a family member or live in the household of any employee, director, officer, or agent of the Company or its affiliates.

3. Selection Process.

Selection of Submissions is at the Company’s sole discretion. The Company’s decisions are final in all matters related to the Program. The Company reserves the right to disqualify Submissions for any reason. If you are selected as a winner or to otherwise participate in the Program, you may be required by the Company to enter into a separate agreement with the Company regarding your participation in the Program. Selected applicants will be required to provide additional information (such as taxpayer, KYC, and payment details), be subject to additional review (such as a background check or identity verification) and accept additional terms regarding the Program, including additional Program participation requirements. You acknowledge that the Company has no obligation to select, post, or use any Submission or to respond to you in any way.

4. Application Period.

The application period for the Program commences and ends on time and date set forth in the applicable Program web page, unless extended by the Company in its sole discretion. The Company reserves the right, in its sole discretion, to modify, suspend, or cancel the Program at any time for any reason.

5. Intellectual Property.

By applying to join the Program, you hereby represent and warrant that your Submissions are your original works of authorship, do not contain information that you or any third party considers to be confidential, do not violate or infringe upon the copyrights, trademarks, rights of privacy, publicity, moral rights or other intellectual property or other rights of any person or entity, and do not violate any rules or regulations. If the Submission contains any material or elements that you do not own or that are subject to the rights of third parties, then you represent that you have obtained, prior to submission of the Submissions, any and all releases and consents necessary to permit the Company and its affiliates to use the Submission without additional compensation to evaluate your application.

6. Publicity Rights.

By making a Submission, you hereby grant to the Company a royalty free, irrevocable, perpetual and worldwide license to use and display your name on the Company’s websites, apps, and/or social media pages and accounts for purposes of marketing and promoting your Submission, the Program, or marketing, using, or improving the Company’s products and services, without compensation of any kind or further notice to or approval from you or any third party. Notwithstanding the foregoing, the Company has the right, but no obligation to promote, market, highlight, or display you or your Submission.

7. Prizes.

The following shall apply with respect to any prizes that may be awarded to you in connection with a Program (“Prizes”). The top three (3) Submissions shall be entitled to receive one (1) ASIC timelord hardware device. The ASIC timelord will be mailed to your address only after your acceptance of any applicable terms and the Company’s receipt of any required forms (collectively the “Required Forms”), currently located online at https://docs.google.com/forms/d/18_eBWc-JmwQl5d9kJsLRwx7QKtVOiNDADLg9rzo-PvI/, or by such other means as the Company may determine, in each case, at the Company’s sole discretion. Failure to provide correct information on the Required Forms, or other correct information required for the delivery of a Prize, may result in delayed Prize delivery, disqualification, or forfeiture of a Prize. Prizes will be delivered within 60 days of the Company’s receipt and verification of the completed Required Forms.

8. Fees & Taxes.

You are responsible for any fees associated with receiving or using Account Credits or a Prize, including but not limited to, wiring fees or currency exchange fees. You are responsible for reporting and paying all applicable taxes in your jurisdiction of residence (federal, state/provincial/territorial and local). You may be required to provide certain information to facilitate receipt of the award, including completing and submitting any tax or other forms necessary for compliance with applicable withholding and reporting requirements. United States residents may be required to provide a completed form W-9 and residents of other countries may be required to provide a completed W-8BEN form. You are also responsible for complying with foreign exchange and banking regulations in your respective jurisdictions and reporting the receipt of the Account Credits or Prize to relevant government departments/agencies, if necessary. The Company reserves the right to withhold a portion of the Account Credits or Prize to comply with the tax laws of the United States or other sponsor jurisdiction, or those of your jurisdiction.

9. Disclaimer.

THE COMPANY MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, REGARDING THE APPLICATION PROCESS OR PARTICIPATION IN THE PROGRAM.

10. General.

If for any reason your Submission is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, your sole remedy is to make another Submission. The Company may modify these Terms in its sole discretion.

11. Privacy and Use of Personal Information.

The Company collects personal information from you when you apply for the Program for the purposes of selecting participants for the Program, administering the Program and contacting you about the Program and the Company’s products and services in accordance with the Company’s Privacy Statement.

12. Limitation on Liability.

THE COMPANY SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT, REGARDLESS OF WHETHER SUCH LIABILITY IS BASED UPON CONTRACT, NEGLIGENCE, TORT, STRICT LIABILITY, WARRANTY, OR OTHERWISE. THE MAXIMUM LIABILITY OF THE COMPANY FOR ANY CLAIMS ARISING IN CONNECTION WITH THESE TERMS OR THE PROGRAM WILL NOT EXCEED TWENTY-FIVE DOLLARS ($25.00).

13. Indemnity.

You and your agents, employees, directors, officers, successors, and assigns agree to indemnify, defend, and hold the Company and its employees, directors, officers, and agents harmless from any claims, damages, liabilities, or expenses arising out of or related to your Submission or participation in the Program or the acceptance, use, or misuse of any prize.

14. Relationship of Parties.

Nothing set forth herein shall be construed as constituting you and the Company as partners, joint venturers, or as creating the relationships of employer/employee, franchiser/franchisee, or principal/agent between the parties.

15. Governing Law and Disputes.

These terms and any disputes arising out of or related hereto, will be governed exclusively by the internal laws of the State of California, without regard to its conflicts of laws rules or the United Nations Convention on the International Sale of Goods. The parties acknowledge that these terms evidence a transaction involving interstate commerce. Notwithstanding the preceding sentences with respect to the substantive law of these terms, any arbitration conducted hereunder shall be governed by the Federal Arbitration Act (9 U.S.C. §§ 1-16). The state and federal courts located in San Francisco County, California will have exclusive jurisdiction to adjudicate any dispute arising out of or relating to these terms or their formation, interpretation or enforcement, including any appeal of an arbitration award or for trial court proceedings if the arbitration provision below is found to be unenforceable. Each party hereby consents and submits to the exclusive jurisdiction of such courts. Each party also hereby waives any right to jury trial in connection with any action or litigation in any way arising out of or related to these Terms or the Program. In any action or proceeding to enforce rights under these terms, the prevailing party will be entitled to recover its reasonable costs and attorney’s fees.