EXIST WHITE PAPER TOUCHSTONE DOCUMENT 1.4 EXIST CRYPTO INC. EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENT A TECHNOLOGY SERVICES AGREEMENT AND OWNER’S REQUEST, ACKNOWLEDGMENT
EXIST WHITE PAPER TOUCHSTONE DOCUMENT 1.4
EXIST CRYPTO INC. EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENT A TECHNOLOGY SERVICES AGREEMENT AND OWNER’S REQUEST, ACKNOWLEDGMENT, AND ACCEPTANCE OF VOLUNTARY ANNEXATION OF OWNER CONTROLLED EQUITY INTO THE PRIVATE PROPERTY OF THE WORLDWIDE HOMEOWNER’S ASSOCIATION INC.
This Agreement is between * and/or * (“You”) and/or between the entity that you represent: * (“Entity”) residing at/or with a principal place of business located at (street address) * (City)*(State)* (Zip Code)* (“The Owner” or “Buyer”) and Exist Crypto, Inc., a Delaware Corporation, (hereinafter referred to as the “Company” or “Exist”). Buyer and Company are herein referred to individually as a “Party” and collectively, as the “Parties.”
This EXIST CRYPTO Inc., Token Purchase and Equity (AVEC) Conversion Agreement (this “Agreement”) contains the terms and conditions that govern the creation and use of EXIST CRYPTO, Alternate Virtual Equity Credit Tokens, (“AVEC”) the “EXIST CRYPTO, AVEC Token Distribution Contract” and the use of Owner Created Exist Crypto Digital Assets within the framework of the Exist Wealth Architect ECO Register 1.2 and on the EXIST CRYPTO Technology Platform.
EXIST CRYPTO Alternate Virtual Equity Credits, or “EXIST CRYPTO AVEC” is defined as; an encrypted digital set of tokens (token species) that are applied to and represent a percentage of the owner's wholly-owned and controlled equity. The Tokens contemplated herein are fundamentally an Owner Equity-Backed Token.
The Exist Crypto AVEC Token valuation is based on the Commercial Efficiency Valuation Association (CEVA) Equity Proof of Stake Protocol hereinafter (CE-POS) upon third party equities verification and valuation. The equity is digitally encrypted and tokenized and the Equity is set digitally to be represented by the Exist Crypto Alternate Virtual Equity Credits and then recorded on the Deed of Trust at the County Recorder's Office to run with the Land until that time it is redeemed by the original owner/purchaser of the Exist Token Purchase and Equity (AVEC) Conversion Agreement.
Exist Crypto, AVEC are recorded by original Owner/Owners, or the Owner/Owners qualified assignee, as a self-imposed lien against the third-party verified amount of Owner's wholly-owned and controlled Equity as defined in this original Exist Token Purchase and Equity (AVEC) Conversion Agreement.
The Exist Crypto, AVEC (The Tokens) are restricted by Owner and recorded with restricted rights of transfer associated with the Owner's Equity and those restrictions are binding and may not be broken or infringed. The restricted right of transfer along with the value associated with the Owners' self-imposed lien may be granted to a transferee upon transferee's token purchase, acknowledgment, and acceptance of the Exist Crypto Token Purchase Agreement. The rights of transfer and value are Granted by the Owner at the time the transaction occurs in exchange for an "Unconditional Waiver and Release of all lien rights to the Property associated with this Exist Crypto AVEC Token Purchase. The consideration offered occurs over the counter (OTC) and is Peer to Peer, whether it be by Spot Purchase, Trade, Swap, or Exchange. Upon the Purchase Transfer or Exchange of any Exist Crypto AVEC, the Transaction is/are considered as Final Payment and are binding upon all parties and will not be reversed or refunded."
Exist Crypto Currency Purchase and Equity Conversion Agreement * Initial Here
The lien is indentured and recorded on the Real Property Title Bundle by/in or through an owner’s desire, execution, and recording of a qualified Deed of Trust. The Deed of Trust is recorded at the proper public or municipal venue and may be acquired and viewed by purchasing a Property Title search at the request of the interested party.
By signing this Agreement, Buyer acknowledges that it is Buyer’s intent and purpose under this Agreement to “Exist to Build,” with a desire to use the items purchased in this Agreement (the Tokens) called, Exist Crypto, Alternate Virtual Equity Credits to consume, occupy or develop their land. or property in a way that the Buyer sees fit.
Buyer acknowledges and understands that the Commercial Efficiency Valuation Association hereinafter “CEVA” or Commercial Efficiency Valuation Association Equity - Proof of Stake (“CE-POS”) shall operate as an unincorporated decentralized oversight committee for CEVA Equity- Proof of Stake. CEVA may act as a decentralized unincorporated Self-Governing Organization (SGO) created by and through the election of individuals from the Exist Family of Entities. CEVA may use as such various and multiple self- certified processes designed to establish CEVA Equity Proof of Stake and the valuation of Owner's Equity for the Buyer in any equity conversion process contemplated under the terms of this Agreement.
NOW, THEREFORE, in consideration of the mutually accepted representations, Covenants, Conditions and Restrictions and any other associated future agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Company and Buyer agree as follows:
IMPORTANT INFORMATION: PLEASE READ THIS AGREEMENT CAREFULLY AND IN ITS ENTIRETY.
LEGAL ADVICE DISCLAIMER:
EXIST CRYPTO INC. STATES THAT IF YOU DO NOT UNDERSTAND THE REPRESENTATIONS ASSOCIATED WITH THIS EXIST CRYPTO AVEC TOKEN PURCHASE AGREEMENT AND THE PERSONAL OR EXTENDED RISKS ASSOCIATED WITH THIS TRANSACTION, OR IF YOU DO NOT UNDERSTAND COMMERCIAL EFFICIENCY VALUATION ASSOCIATION (CEVA) AND/OR ITS ROLE AS A DECENTRALIZED UNINCORPORATED SELF-GOVERNING ORGANIZATION (SGO) AND/OR ITS ELECTED BODY OF REPRESENTATIVES FROM THE EXIST FAMILY OF ENTITIES FOR REPRESENTATIVE SELF GOVERNING OVERSIGHT, THEN YOU SHOULD GET OUTSIDE 3RD PARTY LEGAL ADVICE BEFORE YOU CONVERT YOUR EQUITY IN ANY GIVEN REAL PROPERTY BY PURCHASING THE EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION SERVICES.
THE VALUE OF THE ORIGINAL TOKENS ASSOCIATED WITH OWNERS REDEMPTION EVENT OF SUBJECT REAL PROPERTY AND THE RELEASE OF ANY EXIST CRYPTO ENCUMBRANCES ON THE PROPERTY FOR THE ORIGINAL OWNER SHALL BE DETERMINED UPON AND RE-EVALUATED UPON THE SAME CE-POS PROTOCOLS AT THAT TIME IN THE CURRENT MARKET AS THEY WERE UPON THE DATE OF THE ORIGINAL OWNERS EQUITY CONVERSION DATE IF THOSE PROTOCOL SERVICES CONTINUE TO EXIST AT THE TIME. IF THOSE THIRD-PARTY PROTOCOLS DO NOT EXIST OR HAVE CHANGED THEIR SERVICE VENUE, A QUALIFIED PROPERTY APPRAISAL BY A LICENSED APPRAISER WILL BE REQUIRED.
I. TERMS OF CONVERSION
This Exist Crypto AVEC Token Purchase and Equity Conversion Agreement, a Technology Services Agreement (this “Agreement”) is entered into and made as of this * day of * month of * year (the “Effective Date”) and contains the terms and conditions, associated rules and also the Covenants, Conditions and Restrictions that govern the owners' self-imposed request for the conversion of owner's equity in owners real property and the owners' purchase of certain digitally encrypted Exist Crypto Alternate Virtual Equity Credits (AVEC) Tokens and the AVECs’ association with owner-controlled elections and their use of Exist Crypto ONUS Equity backed Cryptocurrency.
Buyer acknowledges, understands, and agrees to the following:
AS PERTAINING TO MATTERS OF EXISTCRYPTO INC., EXISTCRYPTO.COM, AND THE DEVELOPMENT OF SOFTWARE AND EXIST CRYPTO INC. TECHNOLOGIES PLATFORMS:
1.1 Exist Crypto Inc. is the “Sole Source Procurement” for technology developers and contract technology development service providers” for its parent company, and is developing through a combination of affiliate technologies, contractors, subcontractors, and associate partners, the www.existcrypto.com software and technologies platform (the “www.existcrypto.com Technologies platform”) as further described in the www.existcrypto.com Technical White Paper ( as it may be amended from time to time), (the “White Paper”);
1.2 At the White Paper development stage, Exist Crypto Inc. will award the necessary contracts for the development of the associated Exist Crypto Inc. Technology Platforms to its qualified technology contractor. Upon its testing and the completion of the www.existcrypto.com software and technologies platform, its release will take place under an open-source software license;
1.3 Any launch and/or implementation of an Exist Crypto Inc. Technology Platform may occur by third parties licensed by the declarant;
1.4 Third parties launching any Exist Crypto Inc. software and technologies platform may delete, modify or supplement that Exist Crypto Inc. software and technology platform prior to, during, or after launching the Exist Crypto Inc. software and technology platform;
1.5 Third parties “MAY NOT” change, and are RESTRICTED as individuals or entities from modifying or changing any code whatsoever that applies to the CEVA or CE-POS PROTOCOLS as they may be modified from time to time by qualified selection by the parent company or the elected individuals that represent the body of the Exist Family of Entities through CEVA;
1.6 Company will have no control over when, how or whether or not an Exist Crypto Inc. software and technologies platform is adopted or implemented by a third party, or how, when, where or whether or not the Exist Crypto Inc. software and technologies platform may be launched;
1.7 PURCHASE OF TOKENS AND TECHNOLOGY SERVICES IS/ARE NON-REFUNDABLE AND CANNOT BE CANCELLED.
1.8. “BUYER MAY LOSE ALL VALUE FROM EQUITY.”
1.9 EQUITY CONVERTED BY OWNERS INTO EXIST CRYPTO, “ALTERNATE VIRTUAL EQUITY CREDITS,” IS/ARE INDENTURED UPON THE REAL PROPERTY TITLE BUNDLE AND RECORDED ON THE DEED OF TRUST BY THE OWNER AS A VOLUNTARY SELF IMPOSED SPECIFIC LIEN AND ARE ORDERED BY THE OWNER TO BIND AND INURE TO THE BENEFIT OF, THE PARTIES AND THEIR RESPECTIVE ASSIGNS AND ARE MEANT TO RUN WITH THE LAND UNTIL REDEEMED BY THE ORIGINAL REAL PROPERTY OWNER OR THEIR QUALIFIED ASSIGNEE.
1.10 EQUITY CONVERTED TO EXIST CRYPTO, “ALTERNATE VIRTUAL EQUITY CREDITS,” OR EXIST “ONUS” EXIST CRYPTOCURRENCY IS/ARE INDENTURED UPON THE OWNER'S TITLE BUNDLE AS A VOLUNTARY SELF-IMPOSED SPECIFIC LIEN, AND ARE RECORDED ON THE TITLE OF OWNERS REAL PROPERTY BY OWNERS SELF-IMPOSED AND RECORDED DEED OF TRUST. THE REAL PROPERTY OWNERS RECORDED LIEN INCLUDES BUT IS NOT LIMITED TO; THE REAL PROPERTY OWNERS RIGHTS OF CONSUMPTION, OCCUPANCY, AND DEVELOPMENT INCLUDING THE RIGHT TO DISPOSE OF THEIR WHOLLY OWNED EQUITY IN THE REAL PROPERTY AND ALSO DEFINES THE RIGHTS OF TRANSFER THAT MAY BE GRANTED UPON OR AT THE TIME OF THE SALE OR EXCHANGE OF THEIR EQUITY POSITION IN THE REAL PROPERTY.
1.11 THIRD PARTY EXIST CRYPTO AVEC TOKEN PURCHASERS MAY PURCHASE EXIST CRYPTO AVEC TOKENS AS A REPRESENTATION OF OWNERS RESTRICTED EQUITY WITH THE EXIST FAMILY OF ENTITIES AND THE ASSOCIATED TRANSFER RIGHTS AS DEFINED HEREIN.
1.12 EXIST CRYPTO AVEC TOKENS MAY BE REDEEMED FROM ENCUMBRANCE BY THE REAL PROPERTY OWNER AT THE REAL PROPERTY OWNER’S SOLE DISCRETION BY AND THROUGH PAYMENT TO EXIST CRYPTO, INC. IN US DOLLARS UPON THE SALE OR OWNER REFINANCE OF THE OWNER’S SUBJECT REAL PROPERTY. REDEMPTION BY ORIGINAL OWNER MAY ONLY OCCUR UPON THE CE-POS VALUATIONS SET FORTH IN THIS AGREEMENT.
1.12(a) IF THE ORIGINAL OWNER OF THE SUBJECT PROPERTY TRANSFERS THE FEE SIMPLE OWNERSHIP ON TITLE TO THE SUBJECT REAL PROPERTY TO A THIRD PARTY IN ANY WAY, WHETHER BY FORCE (AS IN FORECLOSURE) OR VOLUNTARILY (AS IN GIFTED, OR THROUGH SALE, OR LEFT THROUGH WILL OR OTHER DISPOSITION) THEN THE CE-POS VERIFIED VALUE OF THE EXIST CRYPTO AVEC AND OR ONUS RECORDED ON THE PROPERTY AT THE TIME OF THE EVENT MUST BE PAID IN FULL IN EXIST SUPPORTED DIGITAL ASSETS INCLUDING USD, ETHEREUM OR BITCOIN.
IF THE OWNER TRANSFERS THE FEE SIMPLE INTEREST IN THE REAL PROPERTY WITHOUT A MONETARY REDEMPTION, THEN THE EXIST ENCUMBRANCES ARE ORDERED BY THE OWNER TO RUN WITH THE LAND UNDER EXIST CRYPTO INC ENCUMBRANCES AND ARE TRANSFERRED AND IN FORCE WHEN THE NEXT OWNER TAKES POSSESSION OF TITLE AND THE PROPERTY. (EXIST CRYPTO INC TITLE TRANSFER FEES APPLY AT CLOSING).
1.13 TRANSFER RIGHTS ARE ORIGINATED BY THE OWNER FOR THE SUBJECT REAL PROPERTY AND MADE RECORD OF AND RIGHTS ARE GRANTED VOLUNTARILY BY THE ORIGINAL REAL PROPERTY OWNER UPON CONVERSION OF OWNER’S WHOLLY OWNED EQUITY INTO EXIST CRYPTO AVEC AND RECORDED BY INDENTURE ON THE CHAIN OF TITLE BY DEED OF TRUST AT THE APPROPRIATE RECORDER’S OFFICE OR BY QUALIFIED ELECTRONIC RECEIPT WHERE APPLICABLE. THE TRANSFER RIGHTS ALONG WITH THE ASSOCIATED COVENANTS, CONDITIONS, AND RESTRICTIONS ARE INDENTURED ON THE TITLE OF THE SUBJECT REAL PROPERTY BY THE OWNER BY THEIR ATTACHMENT TO THE REAL PROPERTY TITLE BE A RECORDED DEED OF TRUST AS DESCRIBED HEREIN. UPON EXIST CRYPTO AVEC OR THE TOKEN OWNERS EXCHANGE, SWAP, SELL, TRADE OR TRANSFER, THE PERCENTAGE OF EQUITY ASSOCIATED WITH THE TOKENS AS STATED ON THE ORIGINAL DOCUMENTS ATTACHED WITH THE ORIGINAL EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) A CONVERSION AND TECHNOLOGY SERVICES AGREEMENT AND THOSE RIGHTS OF TRANSFER OF SAID EQUITY ALONG WITH THE RESTRICTIONS ARE GRANTED TO TRANSFEREE.
1.14 THE RIGHTS GRANTED THAT ARE ASSOCIATED WITH THIS EXIST CRYPTO AVEC TOKEN PURCHASE AGREEMENT ARE GRANTED BY THE ORIGINAL REAL PROPERTY AND EQUITY OWNER ALONG WITH EXIST CRYPTO INC TO THE PURCHASER/ BUYER WHO SIGNED THIS AGREEMENT AND TO ANY SUBSEQUENT TRANSFEREE OF THE REAL PROPERTY OWNER. THE RIGHT OF TRANSFER OF SAID TOKEN AND ITS REPRESENTED EQUITY PERCENTAGE THAT IS ASSOCIATED TO IT WITH THIS AGREEMENT GRANTS TO THE PURCHASER TO BE TOKEN HOLDER WHO HOLDS THE RIGHT TO EXCHANGE, SWAP, SELL OR TRANSFER TRANSFEREE’S EXIST CRYPTO AVEC TOKENS IN ANY WAY UNDER THE RIGHTS GRANTED BY OWNER. THE RIGHT OF TRANSFER TO ANOTHER PARTY IS GRANTED BY ORIGINAL REAL PROPERTY OWNERS EXIST CRYPTO TOKEN PURCHASE AND EQUITY CONVERSION AGREEMENT AND THE ORIGINAL REAL PROPERTY OWNER’S EXECUTION THEREOF ON THE TITLE BY DEED OF TRUST FOR THEIR OWN PURPOSES.
1.15 RIGHT OF TRANSFER IS/ARE GRANTED “SPECIFICALLY” TO A TOKEN PURCHASER OR TO THE TRANSFEREE IN EXCHANGE FOR TRANSFEREE’S COMPLETE AND TOTAL UNCONDITIONAL LIEN WAIVER AND RELEASE OF ANY AND ALL LEGAL CLAIMS AGAINST ANY AND ALL REAL PROPERTY THAT THE EXIST CRYPTO AVEC TOKENS PURCHASED ARE TIED TO, ALONG WITH THE COMPLETE LIEN RELEASE OF PURCHASER OR TRANSFEREE INTERESTS IN ANY OTHER OF THE OWNERS REAL PROPERTY OR INCREASE ASSOCIATED WITH THE ORIGINAL REAL PROPERTY OWNERS’ TITLE BUNDLE THAT ARE NOT SPECIFICALLY IDENTIFIED IN THE RIGHT OF TRANSFER DEFINED IN ORIGINAL OWNER'S EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENT.
1.16.1 OWNER EQUITY CONVERTED INTO EXIST CRYPTO AVEC ARE PRIVATE PROPERTY OWNED AND CONTROLLED BY THE OWNER. THE RESTRICTIONS PLACED ON THE EXIST CRYPTO AVEC TOKENS BY OWNER SELF IMPOSED LIEN MAINTAINS THAT THE TOKENS MAY ONLY BE TRADED OR EXCHANGED WITHIN THE COMMERCIAL FRAMEWORK OF THE EXIST FAMILY OF ENTITIES AND WITH THE ASSOCIATED CEVA EQUITY PROOF OF STAKE AND CEVA MEASUREMENT AND VERIFICATION PROTOCOLS.
1.17 “IN ORDER FOR A COVENANT TO RUN WITH THE LAND, THERE MUST BE AN INTENT AGREED TO BY ALL PARTIES TO THE COVENANT THAT IT DO SO.” BY ACCEPTING THIS AGREEMENT, ALL PARTIES TO THIS AGREEMENT ACKNOWLEDGE, ACCEPT AND MAKE KNOWN TO ALL CURRENT PARTIES INCLUDING ALL OTHER SUBSEQUENT PARTICIPANTS, THAT THE PARTIES DESIRE AND DO AGREE UPON INTENT, AND THAT THE “TERMS AND CONDITIONS OF USE” INCLUDING THE EXIST CRYPTO INC. “COVENANTS, CONDITIONS AND RESTRICTIONS” (CC&RS) FOUND AT www.existcrypto.com, THAT ARE ASSOCIATED WITH THIS AGREEMENT, CONSTITUTE THE OWNER’S PURCHASE OF TECHNOLOGY SERVICES FOR A SELF IMPOSED LIEN AND CONVERSION OF OWNERS EQUITY INTO EXIST CRYPTO ALTERNATE VIRTUAL EQUITY CREDITS. THE RIGHTS ASSOCIATED WITH THE EXIST CRYPTO AVEC TOKENS CREATED AND USED BY ORIGINAL OWNER/ PURCHASER, BUYER OR ANY SUBSEQUENT TRANSFEREE UNDER THIS CONTRACT ARE TO RUN WITH THE LAND UNTIL REDEEMED BY THE ORIGINAL REAL PROPERTY OWNER. UNDER THE TERMS OUTLINED IN THE EXIST CRYPTO AVEC CC&RS.
1.18 EXIST CRYPTO AVEC TOKENS MAY BE REDEEMED FROM ENCUMBRANCE OF EXIST CRYPTO INC. BY THE ORIGINAL REAL PROPERTY OWNER/BUYER AT THEIR SOLE DISCRETION. REDEMPTION OF REAL PROPERTY MAY OCCUR UPON THE CONVEYANCE, REPURCHASE, REFINANCE, OR SALE OF THE REAL PROPERTY BY OWNER AT THE REAL PROPERTY’S CURRENT MARKET AND APPRAISED VALUE.
ANY AND ALL FUNDS THAT ARE ACQUIRED BY EXIST CRYPTO INC. FROM THE OWNER’S REDEMPTION EVENT WILL BE USED AND CONTROLLED BY DECLARANT TO PURCHASE DEVELOP AND CONSTRUCT REAL ESTATE FOR THE WHOA COMMUNITY PORTFOLIO. THIS ALLOCATION SHALL BE SUBJECT TO THE COSTS ASSOCIATED WITH ADMINISTRATION ALONG WITH ACQUIRING REAL PROPERTY AT MARKET PRICES AS THOSE CONDITIONS MAY APPLY AS INTERPRETED BY THE PARENT COMPANY AS THEY SEE FIT.
1.19 ORIGINAL OWNERS’ EQUITY THAT IS CONVERTED TO EXIST CRYPTO AVEC, THAT IS DISTRIBUTED BY THE OWNER OR EXCHANGED, TRADED, SWAPPED OR PURCHASED IN ANY WAY BY TRANSFEREE/BUYERS OTHER THAN THE PRIMARY REAL PROPERTY OWNER, MAY BE REDEEMED AT CURRENT TOKEN MARKET VALUE, IF AND WHEN ONE EXISTS. EXIST CRYPTO INC MAKES NO CLAIM WHATSOEVER THAT ANY MARKET FOR ANY OWNER OR THEIR EQUITY THAT HAS BEEN CONVERTED INTO EXIST CRYPTO ALTERNATE VIRTUAL EQUITY CREDITS EXISTS.
1.20 ANY EXIST CRYPTO AVEC TOKEN OR FRACTION OF A TOKEN THAT IS PURCHASED BY A NEW TOKEN PURCHASER/ TRANSFEREE, SHALL BE BASED ON THAT GIVEN EXIST CRYPTO AVEC TOKEN BUYER’S OWN UNDERSTANDING AND THEIR BEST EFFORTS TO SELF DETERMINE THE VALUE OF A GIVEN PURCHASE OR OTHER ASSOCIATED TRANSACTION OF EXIST CRYPTO AVEC TOKENS AND THE ONUS TO NEGOTIATE FOR THEMSELVES.
1.21 ALL GAINS AND LOSSES ARE WHOLLY AND COMPLETELY THE RESPONSIBILITY OF THE BUYER. EXIST HAS NO PERSUASION OR AUTHORITY WHATSOEVER IN THE PEER TO PEER, TRADE, SWAP, EXCHANGE, OR REDEMPTION THAT OCCURS BETWEEN PRIVATE PARTIES AND MAY NOT BE HELD ACCOUNTABLE FOR SUCH TRANSACTIONS.
1.22 AS FURTHER ADDRESSED IN THE EXIST CRYPTO ONUS TOKEN PURCHASE AGREEMENT, THE ORIGINAL OWNER’S EQUITY THAT IS ENCUMBERED BY EXIST CRYPTO INC. ENCUMBRANCES THAT IS REPRESENTED BY OWNERS CONVERSION OF OWNER EQUITY INTO EXIST CRYPTO, ALTERNATE VIRTUAL EQUITY CREDITS OR ATTACHED IN ANY WAY BY THE OWNERS SELECTION TO RESTRICT THE EXIST CRYPTO AVEC TOKENS AND PLACE THEM UNDER A CEVA QUALIFIED INTERMEDIARY FOR COMPLIANCE AND OVERSIGHT PURPOSES FOR OWNERS USE OF THE EXIST CRYPTO REPRESENTATION OF RESTRICTED OWNERS EQUITY AS AN EQUITY DERIVATIVE HEREIN CALLED “EXIST CRYPTO ONUS”. THOSE EXIST CRYPTO AVEC TOKENS ARE RESTRICTED AND UNDER ORIGINAL OWNER'S CONTROL WITH ALL RIGHTS OF USE AND DISPOSAL, TO CONSUME OCCUPY OR DEVELOP THEIR LAND AND MAY BE TRANSFERRED, TRADED OR EXCHANGED TO A THIRD PARTY BY OWNER OR THIRD-PARTY RECIPIENT WITHIN THE TERMS AND CONDITIONS IMPOSED BY ORIGINAL OWNER.
1.23 THE EXIST CRYPTO AVEC TOKEN MARKET SUPPORTED BY EXIST CRYPTO INC TECHNOLOGY SERVICES ALONG WITH ITS ASSOCIATED THIRD-PARTY VERIFICATIONS AND VALUATIONS OCCUR IF AND WHEN A MARKET EVER DEVELOPS OR EXISTS. THOSE VALUATIONS ACT AS MARKERS AND SHALL BE BASED UPON CEVA EQUITY PROOF OF STAKE (CE-POS) SUPPORTED BY THIRD-PARTY VERIFIED VALUATIONS AND WILL BE USED AS A BASELINE TO SUPPORT MARKET DEVELOPMENT AND MARKET ACTIVITY.
1.23(b) THE CE-POS INDEPENDENT VALUATION IS A MARKET VALUE MARKER RECORDING THE DATE, TIME, AND THE PROPERTY’S CURRENT MARKET VALUE FOR THE OWNER OF THE SUBJECT REAL PROPERTY, BASED ON THE OWNER’S DESIRE TO PURCHASE TOKENS AND CONVERT EQUITY INTO REPRESENTATIVE EXIST CRYPTO AVEC BY USING QUALIFIED THIRD-PARTY INDEPENDENT SOURCES FOR VALUATION PURPOSES.
1.25 UPON THE DATE OF EXIST CRYPTO INC. ACQUIRES ANY FIAT FUNDS OR OTHER SUPPORTED DIGITAL CURRENCIES OR DIGITAL ASSETS THAT OCCUR OR ORIGINATE FROM THE REDEMPTION OF OWNER EQUITY BY AN ORIGINAL OWNER/CREATOR OF EXIST CRYPTO AVEC WHO ENTERED INTO AN EXIST TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENT FOR THEIR OWN PURPOSES, UPON THAT OWNER’S WRITTEN REQUEST OR REQUIREMENT TO US, TO RELEASE ANY ENCUMBRANCES OF EXIST CRYPTO INC. AND ANY OUTSTANDING EXIST CRYPTO AVEC ASSOCIATED WITH THE OWNERS PROPERTY THAT THE OWNER SOLD OR TRANSFERRED IN ANY WAY THAT IS ASSOCIATED WITH THE OWNER’S PROPERTY, THOSE FUNDS WILL BE USED BY THE COMPANY UNDER THE CONTROL OF THE DECLARANT AND WILL BE USED BY THE COMPANY TO ADMINISTER THE EXIST FAMILY OF ENTITIES OPERATIONS FOR THE CONTINUING DEVELOPMENT AND MAINTENANCE OF THE SAME, ALONG WITH PURCHASING QUALIFIED REAL ESTATE AND OTHER LIQUID ASSETS UNDER THE DIRECTION AND COUNCIL OF CEVA AND THE EXISTING CURRENT APPROVED CEVA PROTOCOLS.
1.26 IN ANY EVENT WHERE TOKEN(S) ARE PURCHASED BY A TOKEN PURCHASER, THE PURCHASER SHALL PURCHASE THE TOKENS BASED ON THEIR OWN UNDERSTANDING AND BY THEIR OWN BEST EFFORTS TO SELF DETERMINE THE PERCEIVED BENEFIT OF THE TRANSACTION.
1.27 ALL GAINS AND LOSSES ARE WHOLLY AND COMPLETELY THE RESPONSIBILITY OF THE BUYER. EXIST HAS NO PERSUASION OR AUTHORITY WHATSOEVER IN THE PEER TO PEER, PURCHASE, EXCHANGE, TRADE, SWAP OR REDEMPTION THAT OCCUR(S) BETWEEN PRIVATE PARTIES AND MAY NOT BE HELD ACCOUNTABLE FOR SUCH BUYER OR SELLER TRANSACTIONS.
1.28 THE EXIST CRYPTO AVEC TOKEN MARKET THAT MAY OCCUR OR MAY BE DELAYED FOR ANY REASON WITHIN THE EXIST FAMILY OF ENTITIES AND ITS MARKET VALUATIONS SHALL BE BASED UPON CURRENT CEVA EQUITY PROOF OF STAKE (CE-POS) PROTOCOLS AND 3RD PARTY QUALIFIED INDEPENDENT REAL ESTATE MARKET VALUATIONS AS A BASELINE. ALL EXIST CRYPTO AVEC TOKEN VALUATIONS ARE THIRD PARTY VERIFIED AND THEN SUBSEQUENTLY CALCULATED FROM TIME TO TIME AS PROTOCOLS DEVELOP FROM THE TIME OF OWNER’S ORIGINAL PURCHASE AND EQUITY CONVERSION.
1.29 THE EXIST CRYPTO INC. TECHNOLOGY SERVICES THAT ARE APPLIED TO CEVA EQUITY - PROOF OF STAKE THIRD PARTY INDEPENDENT VALUATIONS IS/ARE A SPOT MARKET VALUE MARKER, RECORDING THE DATE, TIME AND CURRENT MARKET VALUE FOR THE OWNER OF THAT REAL PROPERTY.
1.30 THE CE-POS MEASUREMENT AND VERIFICATION PROTOCOLS AS A PROCESS IDENTIFY AND DESIGNATE THE TOTAL VALUE OF THE OWNER’S PROPERTY AND SEPARATE THE OWNER’S WHOLLY OWNED AND CONTROLLED EQUITY THAT MAY BE AVAILABLE FOR THE OWNER’S USE FROM THE OTHER LIENS AND ENCUMBRANCES THAT MAY BE ASSOCIATED WITH THE SUBJECT REAL PROPERTY. THE STAKED VALUE AND OWNER’S SELF-IMPOSED LIEN ALONG WITH THE TERMS AND CONDITIONS OF USE AND EXIST CRYPTO INC. COVENANTS, CONDITIONS, AND RESTRICTIONS (CC&RS) FOUND AT www.existcrypto.com, ARE ACKNOWLEDGED BY THE OWNER AND MEANT TO RUN WITH THE LAND ON TITLE. THE EQUITY IS THEN SUBSEQUENTLY CONVERTED TO A DIGITALLY ENCRYPTED TOKEN OR DIGITAL REPRESENTATION ALONG WITH OWNER IMPOSED RESTRICTIONS TO REFLECT THE PERCENTAGE VALUE OF THE EQUITY THAT REPRESENTS EACH TOKEN AS A BASELINE VALUATION. THE BASELINE FUNDAMENTALLY STAKES A QUALIFIED OWNER CONTROLLED OWNER EQUITY BACKED TOKEN. THE EXIST CRYPTO AVEC TOKENS ARE SECURED BY A DEED OF TRUST ON TITLE. THE TOKEN VALUE IS BASED ON THE CURRENT CE-POS STAKED MARKET VALUE OF THE OWNERS WHOLLY OWNED AND CONTROLLED EQUITY POSITION IN THAT OWNER’S REAL PROPERTY AND REPRESENTS EACH TOKEN’S EQUITY PERCENTAGE VALUE OF THE OWNER’S REMAINING AVAILABLE PRINCIPLE EQUITY IN THE REAL PROPERTY. THIS DIGITAL TOKEN REPRESENTATION AND ITS RECORDED MARKERS INCLUDES BUT IS/ARE NOT LIMITED TO, FUTURE LOSSES AND GAINS IN REAL ESTATE MARKET VALUE. THE EXIST CRYPTO AVEC TOKENS ENCUMBER THE TITLE BUNDLE UNTIL SUCH TIME AS IT IS REDEEMED BY THE ORIGINAL OWNER AT THE REAL PROPERTY MARKET VALUE DEFINED IN THIS AGREEMENT.
TOKEN MARKET AND REAL PROPERTY VALUES AT REDEMPTION MAY AND LIKELY WILL REFLECT A DIFFERENT MARKET VALUE THAN THAT OF THE EQUITY VALUATION AT TIME AND DATE OF ORIGINAL OWNER'S TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AND SHOULD BE CONSIDERED, RECOGNIZED AND ACKNOWLEDGED AS RISK.
1.31 THE “COMMERCIAL EFFICIENCY VALUATION ASSOCIATION” (CEVA) IS A DECENTRALIZED SELF- GOVERNING ORGANIZATION. CEVA AS AN ORGANIZATION IS MADE OF AND CONSISTS OF EXIST FAMILY OF ENTITIES SHAREHOLDERS, MEMBERS OF EXIST’S CHOSEN TECHNOLOGY CONTRACTORS AND THOSE ELECTED PERSONS OR REPRESENTATIVE ENTITIES THAT ARE DERIVED FROM THE DEVELOPING MEMBERSHIP OF THE EXIST FAMILY OF ENTITIES. CEVA FUNCTIONS AS A SELF-GOVERNING ORGANIZATION AS IT IS ELECTED FROM THE MEMBERSHIP TO ACT FOR AND IN BEHALF OF THE EXIST FAMILY OF ENTITIES, AFFILIATES, AND PROFESSIONAL ASSOCIATION’S INTERESTS. CEVA IS ENACTED TO PROVIDE THE COMMITTEE OVERSIGHT & COMPLIANCE FUNCTIONS OF THE PEER TO PEER ENVIRONMENT AND IS ALSO IN PLACE TO OVERSEE ANY OVER THE COUNTER TRANSACTIONS THAT MAY BE ASSOCIATED WITH THE TRANSFER, EXCHANGE AND/OR REDEMPTION OF EXIST CRYPTO ENCUMBERED PROPERTY OR SUPPORTED DIGITAL ASSETS AND OTHER DIGITAL CURRENCIES.
1.32 BY ACCEPTING THIS AGREEMENT OWNER/BUYER AGREES TO AND REQUIRES BY GRANT THE RIGHT TO DECLARANT, EXIST CRYPTO INC. AND CEVA, TO GOVERN ANY AND ALL TRANSACTIONS MADE OR ENTERED INTO BY ANY PARTICIPANTS ASSOCIATED WITH ANY TRANSACTIONS OF EXIST CRYPTO AVEC OR EXIST CRYPTO ONUS. FURTHERMORE, BY ACCEPTING THIS AGREEMENT, OWNER/BUYER ALLOWS CEVA OVERSIGHT OF COMPLIANCE AND PROTOCOLS OF THOSE TRANSACTIONS ASSOCIATED WITH THE TRANSFER, EXCHANGE, TRADE, OR REDEMPTION OF ANY EXIST CRYPTO AVEC TOKENS OR OTHER SUPPORTED DIGITAL ASSETS PURCHASED BY BUYER UNDER THIS AGREEMENT. OWNER/BUYERS ALSO ACCEPT ANY RISK ASSOCIATED WITH CEVA’S ROLE DESCRIBED HEREIN.
NOTWITHSTANDING THE AFOREMENTIONED, BUYER ACKNOWLEDGES AND ACCEPTS FULL RESPONSIBILITY FOR THEIR OWN DECISION IN REGARD TO THIS PURCHASE.
THIS AGREEMENT CONSTITUTES AND REPRESENTS RISK. IT POINTS TO THE TOUCHSTONE OF YOUR ABSOLUTE RESPONSIBILITY IN HOLDING, CONTROLLING, NEGOTIATING, AND TRADING YOUR OWN EQUITY AND ANY ASSOCIATED RISKS THAT MAY EXIST IN AN UNDETERMINED AND EMERGING MARKET. (BUYER BEWARE)
1.33 ANY OUTSTANDING ENCUMBRANCES OF EXIST CRYPTO AVEC OR EXIST CRYPTO ONUS MAY BE TIED TO THE PROPERTY WITH SUCH INTERESTS THAT ARE SECURED BY ROOF EASEMENTS, DEVELOPMENT CREDITS, ENERGY CREDITS, CONSERVATION EASEMENTS, DEVELOPMENT RIGHTS, MAINTENANCE RIGHTS, LIENS AND OTHER LONG TERM INDENTURES THAT MAY HAVE BEEN RECORDED ON TITLE BUNDLE BY A DEED OF TRUST AT THE COUNTY RECORDER'S OFFICE BY AN OWNERS SELF IMPOSED LIEN PLACED UPON SAID OWNERS PROPERTY. THIS DISCLOSURE OF OWNERS PROPERTY DEVELOPMENTS AND MAINTENANCE ARE CREATED, MEANT, AND INTENDED TO BIND AND INURE ALL CURRENT AND FUTURE PARTIES AND THEIR SUCCESSORS WHO HAVE OR MAY HAVE ANY INTEREST IN THE PROPERTY SUBJECT TO THIS AGREEMENT. THIS DISCLOSURE IS TO APPRISE AND INFORM THEM AND THE OWNER AND/OR SUCCESSORS, THAT THE TERMS IN THE RECORDED ARTICLES ASSOCIATED WITH THE DEED OF TRUST RUN WITH THE LAND.
1.34 THE EXIST CRYPTO AVEC TOKENS ARE/IS INDENTURED UPON REAL PROPERTY WITH THIS AGREEMENT BY TRUST DEED.
1.35 NOTICE! DISCLOSURE: EXIST CRYPTO AVEC TOKENS POSSESS NO RIGHTS OF INFRINGEMENT UPON THE ORIGINAL PROPERTY OWNER OR OWNERS’ RIGHT OF POSSESSION, RIGHT OF CONTROL, RIGHT OF EXCLUSION, RIGHT OF ENJOYMENT, RIGHT OF DISPOSITION, RIGHT OF PROFIT AND LOSS, RIGHT TO USE OR CONSUME THE ITEM PURCHASED TO OCCUPY OR DEVELOP THE LAND.
1.35(a) THE ONLY RIGHTS CONVEYED TO A TOKEN HOLDER ARE THE RIGHTS TO TRANSFER, SELL OR TRADE OWNERSHIP OF THE TOKEN HOLDER’S INDIVIDUAL TOKEN(S) AND THE RIGHT TO INCUR PROFIT OR LOSS OF THE PERCENTAGE VALUE ASSOCIATED WITH OWNERS EQUITY AND OF SAID TOKEN HELD. NO ADDITIONAL RIGHTS INCLUDING DISPOSITION OR VOTING RIGHTS ASSOCIATED WITH ORIGINAL OWNER OR OWNERS PROPERTY ARE CONVEYED BY A REAL PROPERTY OWNER TO A TOKEN PURCHASER OR HOLDER.
1.35(b) EQUITY RENTS AND OCCUPANCY RIGHTS MAY BE SOLD SEPARATELY. EQUITY RENTS MAY BE ASSOCIATED WITH THE EXIST CRYPTO ALTERNATE VIRTUAL EQUITY CREDITS, THAT OCCUR AND ARE DISTRIBUTED AT THE POINT OF SALE AND FOLLOW AND REOCCUR WITH THE EQUITY VALUE OF THE TOKEN WHEN THE TOKENS EXCHANGE OR TRADE-IN PEER TO PEER TRANSACTIONS. THE EQUITY RENTS MAY BE SOLD SEPARATELY FROM THE EQUITABLE GAINS DERIVED FROM THE CE-POS VALUATION AND ARE VALUED IN ADDITION TO THE UNDERLYING CE-POS VALUATION PROTOCOL AND MAY INCREASE VALUE FROM THE BASELINE INDEX.
(SEE EXHIBIT (B) OCCUPANCY BUNDLE OF RIGHTS TO THE REAL PROPERTY MAY BE SOLD SEPARATELY ONCE ALL THIRD PARTY UNDERLYING ENCUMBRANCES AND/OR DEBT HAS BEEN TERMINATED.
1.36 THE EXIST CRYPTO AVEC TOKENS ARE AN OWNER’S SELF-IMPOSED INDEPENDENT THIRD-PARTY VALUE STAKED DIGITAL REPRESENTATION OF OWNER’S EQUITY AND AS SUCH ARE RECORDED ON THE TITLE BUNDLE. THE VALUE OF THE TOKEN EXISTS IN ITS ASSOCIATED RESTRICTIONS AND ONE TIME LIMITED DISTRIBUTION INCLUDING THE RECORDING OF THE EXIST CRYPTO ENCUMBRANCES IN THIS AND OTHER ASSOCIATED AGREEMENTS INDENTURED ON THE REAL PROPERTY TITLE BUNDLE RECORDED IN A DEED OF TRUST AT THE COUNTY RECORDER'S OFFICE.
THE TOKEN IS REPRESENTED IN ITS BASIC CEVA EQUITY - PROOF OF STAKE VALUATION AND IS TIED TO THE PROPERTY. THE TOKENS ARE CREATED, RELEASED AND/OR DISTRIBUTED ONLY UPON OWNERS WHOLLY OWNED AND CONTROLLED EQUITY.
1.37 THE TOKEN’S VALUE IS BOUND TO AND BASED ON A PERCENT STRUCTURE AND IS DISTRIBUTED IN ITS LIMITED CAPACITY. NO DUPLICATE TOKENS WILL EVER BE DISTRIBUTED ONCE A PERCENT OF EQUITY HAS BEEN IDENTIFIED BY CEVA EQUITY PROOF OF STAKE AND CONVERTED INTO EXIST CRYPTO AVEC. THE TOKENS ARE REGISTERED AND IDENTIFIED AS A NUMERIC SERIAL SET AND ARE INDENTURED BY RECORDED AGREEMENT ON THE TRUST DEED BY OWNERS SELF IMPOSED LIEN ASSOCIATED WITH THIS AND OTHER ASSOCIATED AGREEMENTS.
1.38 THERE IS NO CLAIM FROM EXIST CRYPTO INC., OR ITS PARENT COMPANY, THAT EXIST CRYPTO TOKENS DO OR DO NOT HAVE VALUE.
1.39 THERE IS NO KNOWN SECONDARY MARKET FOR EXIST CRYPTO ALTERNATE VIRTUAL EQUITY CREDITS.
1.40 UNTIL AN AGREEMENT IS FULLY APPROVED BY THE COMPANY OR UPON ANY TIME THE COMPANY DISCOVERS ANY FALSE INFORMATION, EXIST CRYPTO INC. AND THE EXIST FAMILY OF ENTITIES RESERVES THE RIGHT TO REFUSE OR CANCEL ANY FORTHCOMING EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENTS AND OR ANY OTHER EXIST CRYPTO TECHNOLOGY SERVICE AGREEMENT REQUESTS, AT ANY TIME, IN OR UPON EXIST’S SOLE DISCRETION.
1.41 PLEASE READ THE REPRESENTATIONS AND WARRANTIES SET FORTH IN SECTION SIX (VI) CAREFULLY AND IN THEIR ENTIRETY.
1.42 THIS AGREEMENT INCLUDES PRE-DISPUTE RESOLUTION IN SECTION 10 AND REQUIRES ARBITRATION IN SECTION 10.2.
1.43 This Agreement shall be executed in the presence of no less than two (2) witnesses. This Agreement requires a signed Notary and must and shall be recorded at the local County Recorder’s Office by Owner or by Owners Assignee in order to be valid.
1.44 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of each Purchaser (other than by merger). Any Purchaser may assign any or all of its rights under this Agreement to any Qualified Person to whom such Purchaser assigns or transfers any Exist Crypto AVEC, provided that such transferee agrees to be bound to the terms and conditions and other agreements associated with this Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement. This applies to any and all "Purchasers."
1.45 Ownership of Exist Crypto AVEC. Exist Crypto Alternate Virtual Equity Credits (AVEC) are ordered and created by the Owner via Exist Crypto Inc, Technology Services, and are owned by the Owner and under the Owner’s control.
II. ACCEPTANCE OF AGREEMENT/ CONVERSION OF EQUITY / PURCHASE OF TOKENS
2.1 Terms of Purchase. The Company certifies that for consideration, by means of payment in UNITED STATES DOLLARS or other Supported Digital Assets or Digital Currencies in exchange or swap for the payment of services from/by Buyer to the Company, or Owner Equity Value in Kind of Three Percent (3%), of the CE-POS (CEVA Equity Proof of Stake) third party valuation of Buyer’s wholly-owned and controlled equity.
In the event that Owner/Buyer decides to pay to Exist Crypto with Equity Value under this Agreement, then the Owner/Buyer agrees that payment may be made in Equity Value in an amount that is no less than three percent (3%) of the CE-POS CEVA Equity Proof of Stake third party valuation of Owner/Buyer’s subject real property but no more than Seven point Nine Hundred Ninety and Nine percent (7.999%) as the parties agree, depending upon the services Owner/Buyer requests from Exist under this and other ancillary agreements. Under that scenario, the consideration contemplated as such is stated as the agreed-upon amount by parties to this Agreement and is indentured on the title and recorded by Owner’s Deed of Trust as a prerequisite when using Exist Crypto Inc. or to request performance of Exist Crypto CE-POS and technology services available to Buyer in this Agreement.
This Agreement is binding upon the Owner and the real property owned by Owner/Buyer, described herein as Exhibit A. By signing this Agreement, Owner grants to Exist Crypto Inc. for said Exist Crypto conversion and technology services the agreed-upon amount for consideration in the amount of:
Select One Option
(A) USD $ *, which is calculated at a rate of three percent (3%) of the equity value of the subject real property described in Exhibit A, or
(B) in the equivalent amount in Exist Crypto AVEC of (*) or
(C) other supported digital assets in the equivalent amount of Ethereum (*) or
(D) Bitcoin (*),
Ten Percent (10%) of the total transaction is required to be paid in USD. Ethereum or Bitcoin may be substituted for USD in this transaction. CEVA and other platform transaction fees may apply when substituting Ethereum or Bitcoin. Ten Percent (10%) of the given transaction under this Agreement is $ *, which is calculated at the same rate as the three percent CE-POS third party valuation of Buyer’s wholly-owned and controlled equity at the time of conversion under this Agreement.
For the consideration herein stated and agreed to by Owner/ Buyer, Exist Crypto Inc will convert the total value of the real property described herein under Exhibit A into Exist Crypto AVEC subsequent to the date of this Agreement. The third-party CE-POS value of the total real property used for consideration is valued in the amount of USD based on dollar for dollar equal to the total property valued at $ * US DOLLARS (Total Value of Property).
2.1.1. An additional One Percent (1%) per transaction fee will also be assessed and paid to Exist Crypto Inc., for informational support of CEVA and its development, maintenance, and administration of CE-POS or the CEVA Equity-Proof of Stake Measurement and Verification Protocols. Other fees may apply to this Agreement based on individual property location and other necessary occurrences for verification. (see Exhibit B attached closing statement.)
Buyer may substitute for payment to Company, at the Company's sole right of refusal, and or approval, a current market value equivalent of Exist Crypto AVEC created by this Agreement, or pay in United States Dollars, Ethereum, Bitcoin for Owner requested Exist Crypto Inc. Technology Services. All other Cryptocurrencies will be handled on an individual basis and must be approved and Supported by the Company.
2.1.2 Distribution of Converted Equity and Fees for Conversion. The parties agree that if Exist Crypto Inc. Technology Services are not paid for in USD or other Supported Digital Assets, that Three Percent (3%) of the Owner’s Property Value in Equity in the Owner’s Real Property that is converted by this Agreement into Exist Crypto AVEC, Owner accepts that this amount will be allocated and deducted in Token form and withdrawn from the total amount of the Exist Crypto AVEC from the Buyer’s account before the distribution of the remaining balance of Owners Exist Crypto AVEC as consideration for the payment from Owner to Company to complete the Equity Conversion and Technology Services received from Exist Crypto, Inc. including any document verification associated with Buyers Voluntary Annexation of the subject Real Property into the Worldwide Homeowners Association.
2.1.2(a) Three Percent (3%) deduction of Equity in the form of Exist Crypto AVEC will be distributed to the Company at the time the Buyer signs this Exist Crypto Inc. Token Purchase and Equity (AVEC) Conversion Agreement in consideration for Exist Crypto Technology Services along with the necessary CE-POS third-party verifications required in the deed of trust documents that Owner recorded at the County Recorder’s Office. These documents, together with this Agreement when completed and verified by CE-POS measurement and verification protocols, along with distribution of the Exist Crypto AVEC to the Owner/ Buyer’s virtual wallet account, constitute the Agreement and the fulfillment of Exist Crypto Inc. initial Technology Services and Equity Conversion Services to Owner. This article applies when no other consideration for Exist Crypto Inc, Technology Services other than Exist Crypto AVEC has been acknowledged or offered by Owner/Buyer or Company for services and is the default fee for initial Exist Crypto Inc. Technology Services.
2.1.2(b) In addition to the three percent conversion fee outlined in Section 2.1.1(a) above, Owner/Buyer may be obligated to pay additional fees as described in Section 2.1 above, up to a 7.999% cap on the value of the Owner/ Buyer’s equity in the real property described in Exhibit A, depending upon their peer to peer bilateral Independent Contractor Services agreement entered into with their qualified independent founder developer.
2.1.3 One Percent 1% Per Transaction Fee. A-One Percent Transaction Fee as outlined in Section 2.1.5 below is payable to Exist Crypto Inc. The 1% is for CEVA (CE-POS) CEVA Equity Proof of Stake and CEVA Measurement and Verification Protocol, and will be withdrawn upon the transfer of any remaining balance to the Owner for Services from CEVA to Buyer to initiate CEVA EQUITY - PROOF OF STAKE for the Buyer/Purchaser.
2.1.4 Remaining AVEC/ Exist to Build Declaration. The company, after CE-POS Protocols are in place, will distribute the remaining Ninety-Six Percent (96%) balance in Exist Crypto AVEC Tokens associated with the Real Property described in Exhibit A, to the Buyer into Buyer’s Exist Wealth Architect ECO Register 1.2 as follows: (i) All Exist Crypto AVEC Tokens representing buyers remaining unencumbered equity position in the subject Real Property will be distributed to Buyer into Buyer’s Exist Wealth Architect ECO Register 1.2. (ii) All Exist Crypto AVEC Tokens representing Buyer’s encumbered equity position in the subject Real Property shall be transferred to a qualified intermediary to be held in trust and subsequently utilized for the benefit of Buyer in meeting Buyer’s existing obligations under any Senior Encumbrance listed on the current chain of Title on the Real Property at the time of execution of this Agreement disclosed in exhibit A. (iii) Upon transfer and receipt of Exist Crypto AVEC from Company to Buyer, the Buyer agrees that it is the Buyer’s intent, in this purchase of Exist Crypto AVEC, to use or consume the Exist Crypto AVEC purchased in order to consume or to occupy the land or to develop it themselves in any way that the Buyer sees fit. (iv) By using the Exist Crypto, AVEC Tokens, distributed to the Owner in their new Exist Wealth Architect ECO Register 1.2 and exchanging the tokens to acquire the products goods, and services for the Buyer/Owner’s own benefit, the Owner acknowledges that they have entered into an owner/builder Exist to Build Declaration with Exist Crypto Inc. and the Exist Family of Entities under this Agreement.
2.1.5 The Three Percent (3%) of Buyers Exist Crypto AVEC or the Tokens granted by Buyer to Company for Exist Crypto Inc. Technology Services, will be shown on virtual/electronic receipt, as Owner’s Equity contribution for consideration in kind as a Peer to Peer swap or Peer to Peer mixed swap of Owner’s Equity for Exist Crypto Inc.’s, Exist Crypto Token Purchase and Exist Crypto Inc.’s Equity (AVEC) Conversion Services. This Agreement along with this Three Percent 3% conversion transaction fee shall be recorded on the subject Real Property listed in Exhibit A, as an Indenture on Title with this Agreement attached to the Deed of Trust of said Property, baring the same value as the set of tokens distributed in this contract and is in and part of the same serial set of Tokens made a part thereof. This article applies when no other consideration for Exist Crypto Inc, Technology Services has been acknowledged or accepted by Exist Crypto Inc. or offered by Owner/Buyer and is the default fee for the initial Exist Crypto Inc. Technology Services. (Taxes and other fees may be assessed or required upon or before any Distribution of Exist Digital Assets.)
2.1.6 Transaction Fees for Exist Crypto Inc., CEVA (CE-POS) CEVA Equity Proof of Stake Protocol, and verification services. In addition to the three percent conversion transaction fee for Exist Equity Conversion and Token Distribution, Technology Services outlined in Section 2.1.1, an additional One Percent (1%) Transaction Fee will be withheld from Buyer’s converted equity and held by Exist in order to fund and support CEVA Measurement and Verification Protocol and CE-POS or CEVA Equity Proof of Stake verifications and associated blockchain technology services. These are independent CEVA/ CE-POS Owner funded Services referenced in this Section and in Section 2.1.2 above. This additional One (1%) Percent value is assessed on a Pay Per Transaction Fee Basis, the Basis of this fee is valued upon the original token value when the tokens were created by the owner at the time of conversion and will remain the same unless changed by giving notice to the Owner by Exist Crypto Inc. The Transfer fees are to be held and controlled by the Company, and from time to time distributed in portion by contract to a third-party organization in order to establish and maintain the Commercial Efficiency Valuation Association or CEVA/ CE-POS Measurement and Verification Services described in this Agreement. Exist Crypto Inc., shall provide the owner a qualified ledger of the third party verified transactional records including a third party blockchain token tracking technology service, third party market information, and other supported Technology Services.
CEVA, subsequently will provide the Owner a Decentralized elected Self Government for oversight, and the third party Qualified Intermediary services: (i) qualified to Exist family of entities stakeholders administration and oversight pursuant to the development of the Commercial Efficiency Valuation Associations Measurement and Valuation Protocols; (ii) Qualified Intermediary CE-POS CEVA Equity Proof of Stake transfer ledger services; (iii) support Exist Crypto AVEC Token owner transfer and disposal rights; and (iv) any other services supporting proper recording and authentication of transfers of the Exist Crypto AVEC Tokens and any ledger support for the tracking of Equity associated with this Agreement recorded on the chain of title of the subject Real Property in Exhibit A.
These Exist Crypto Inc. Technology Services along with CEVA and CE-POS Measurement and Verification Protocols mark an introduction to Exist Crypto Inc. Technology Services as ordered for the Owner to obtain a 3rd party Value Staked Owner Equity-Backed Token preparatory to Qualified Equity Conversion into Exist Crypto Alternate Virtual Equity Credits and Liquid Equity Title Indentured Token Services.
2.1.7 Nature of Exist Crypto AVEC Token. EXIST Crypto AVEC is a one hundred (100%) percent Owner Created CEVA /CE-POS (CEVA Equity Proof of Stake) Token, which means no mining is involved. By making it 100% CE-POS, with associated Measurement and Valuation Protocols under the Owners’ Control, manipulation may be avoided. The Exist Wealth Architect ECO Register 1.2 provides a Logic and Sequence for Equity Income Pairing CE-POS Staked Tokens or fractions of Staked Tokens, based on the value baseline and the Tokens age in the Exist Wealth Architect ECO Register 1.2. The original CE-POS Valuation and Token age for Exist Crypto AVEC are/are designated at the Time and Date of Conversion and Distribution of Tokens. Exist Crypto AVEC Tokens that are created under this Agreement, are a Serial Set marked upon conversion and then distributed. The batch marked Serial Set record is held by Exist Crypto Inc. for custody of records, origin, value, and for measurement and verification purposes including acting as an information line starter as a resource for CE-POS Valuation review and the development of Measurement and Verification Protocols.
2.1.8 Buyer's Valuation of Equity and Consideration at the time of Conversion. The Tokens, in the form of Exist Crypto AVEC (the “Payment”) or other Supported Digital Currency received and agreed upon at the date of the property owner’s execution of this Agreement, shall constitute payment of services rendered by Company to Buyer. The company upon Owner execution of said Agreement concurrently issues to the Buyer, the right to Purchase and receive, sell, trade, or exchange Exist Crypto AVEC, and commits to convert Owners equity and deliver an amount of Exist Crypto AVEC Tokens based on a CE-POS “CEVA Equity Proof of Stake” Qualified Valuation. Token Value of One Exist Token for basis: Example - $100.00 USD = 01 Exist Crypto AVEC Token at the time of Conversion.
(i) equal to a verified amount of equity that is owned unencumbered and/or wholly owned by the owner;
(ii) equal to the verified amount of unencumbered equity that the Buyer wishes to convert;
(iii) Subject to any third-party costs associated with the Exist Crypto Inc. Technology Services and Equity Conversion transactions. The buyer shall pay all fees associated with 3rd party services connected to this Agreement.
(iv) The Total Value of Buyer’s Equity position in the Real Property described herein in Exhibit A will be defined, by the agreed-upon third-party valuation sources and market analysis, or by an appraisal, to be noted and attached to this Agreement and made a part hereof as Exhibit C.
2.2 White Paper. The white paper and other materials concerning the creation of Exist Crypto AVEC and the sale of said Tokens will be made available upon completion at www.existcrypto.com, which may be amended from time to time (the “Exist Crypto Whitepaper”) is/are hereby incorporated by reference.
2.3 Real Property. The Buyer certifies that: (i) the Real Property made the subject of this Agreement is fully described in this Agreement under Exhibit A attached hereto; (ii) any unencumbered equity position in the subject Real Property described herein shall be free and clear of encumbrances at the time of conversion, and (iii) Buyer understands that any conversion of equity in the subject Real Property shall result in an Owners self-imposed lien on title against the subject Real Property in the County where the subject Real Property is located.
III. DIGITIZING BUYER EQUITY INTO EXIST CRYPTO ALTERNATE VIRTUAL EQUITY CREDITS, THE TOKENS, AND TOKEN DISTRIBUTION
3. Responsibilities and Roles of the Parties.
3.1 Services offered by the Company. The company is an administrative service company specializing in the Independent contracting of the digital conversion and distribution of Buyer’s wholly-owned and unencumbered equity in given Real Property into Exist Crypto AVEC in conjunction and in coordination with the CEVA CE-POS Measurement and Valuation Protocol in a manner consistent with the White Paper found at www.existcrypto.com. The Current White Paper is restricted view only and subjects to a separate confidentiality agreement for development purposes that the Buyer must sign before viewing. Once the process of Real Property Equity conversion to Exist Crypto, Alternate Virtual Equity Credits takes place, Buyer may use Exist Crypto AVEC at Buyer’s discretion to use or consume, to occupy the land or to develop the land themselves; or as an owner with the intent to develop and build equity in Owners property, Buyer can trade, exchange or sell Exist Crypto AVEC for products, goods, and services.
3.2 Buyer Obligations. Buyer shall: (i) provide the Company with Proof of Ownership of the subject Real Property and a certified appraisal of the value of the current market value of the Buyer’s subject Real Property made the basis of conversion including an annual property tax statement, to be made the basis of the value conversion ratio of Equity to Exist Crypto AVEC as well as proof of Buyer’s current equity position in the subject Real Property; (ii) Buyer shall also provide the Company with Proof of Title of the subject Real Property showing the chain of Title and commit to protect and ensure that no future interest or claim will place any Exist Crypto AVEC interest on Title at risk; (iii) Buyer also agrees to adhere to all duties, obligations, and responsibilities associated with Buyer’s position as Trustor on any Equitable Interest Trust Deed associated with the transactions contemplated herein, a copy, for reference, of which is attached hereto as Exhibit D to this Agreement.
As a condition precedent to any conversion of Owners Real Property Equity into Exist Crypto AVEC Tokens by Company, the Buyer shall provide and verify by opening and providing an Exist Wealth Architect ECO Register 1.2 compatible digital register address to Company before any Exist Crypto AVEC Tokens may be distributed to Buyer through the EXIST sign up Protocol.
3.3 Payment. Buyer agrees to grant, pay and/or convey three percent (3%) of the value of Buyer’s equity position in the subject Real Property that is converted into virtual Exist Crypto AVEC Tokens to the Company in the form of Exist Crypto AVEC Tokens as a conversion and member fee, in exchange for the Company’s services outlined above in Section 2.1. The parties agree that in the event that Buyer becomes a WHOA founder developer with EXIST Holdings Inc. within the application period, and participates in EXIST’s Declarant owned Family of Entities including Exist Crypto Inc., Worldwide Homeowners Association Inc. (“WHOA”), and Credible You, Inc. (“Credible You”), as a said WHOA founder developer, the value of Buyer’s payment terms under this section for equity conversion to Exist Crypto AVEC tokens shall be credited towards any fees associated with becoming a WHOA Founder Developer under a WHOA Founder Developer License Agreement. The WHOA Founder Developer License Agreement and any ancillary Founder Developer Marketing agreements or other associated agreements may be obtained by request from and by obtaining a recommendation from a WHOA founder developer.
3.4 Sources and Uses of Funds.
3.4.1 Use of Funds. Buyer shall not use the Tokens to finance, engage in, or otherwise support any unlawful activities.
3.4.2 Anti-Money Laundering; Counter-Terrorism Financing. To the extent required by applicable law, Buyer shall comply with all anti-money laundering and counter-terrorism financing requirements.
3.5 Present and Future Transfers and Exchange.
3.5.1 Transfer and Exchange Autonomy. The parties agree that once Buyer’s equity is converted into Exist Crypto, AVEC, and the Buyer has paid the Company the requisite conversion payment outlined in Section 2.1 above, then Buyer may transfer, trade, exchange or sell any amount of its virtual Exist Crypto AVEC Tokens, “WITHIN” the terms and Conditions of Use and the associated Covenants, conditions and restrictions that apply to the Exist Crypto AVEC Token Purchase and Equity Conversion Agreement.
3.5.2 Transfer Restrictions. Buyer agrees that the Company has placed and may place more limitations on the transferability or exchange of the Exist Crypto AVEC through the CEVA CE-POS Measurement and Verification Protocol and also to meet legal and regulatory requirements.
3.5.3 Future Transfer Fee Disclosure. Buyer agrees that all future transfer and exchange of Exist Crypto AVEC tokens after conversion are subject to additional pay per transfer service fees to the Company for CEVA on a per exchange or per transfer basis, not to exceed One Percent (1 %) of the original conversion value of the Exist Crypto, AVEC token at the time of exchange. This transaction fee will be paid to Company as consideration for the exchange and also to maintain the administration of the digital tracking of transactions and CE-POS Measurement and Verification Protocols for the Owners chain of the title along with the Exist CE-POS Protocols 3rd party technology services that are associated or that pertain to the Exist family of entities as described in this Agreement.
3.5.4 Redemption Event. A redemption event of the real property described in Exhibit A shall include the sale or refinance of that real property and shall be at the sole discretion of the Buyer or a subsequent owner of the subject Real Property described in Exhibit A.
3.5.5 Difference between AVEC and Other Derivative Cryptocurrencies. You the user owns and control the Digital Equity Exist Crypto Alternate Virtual Equity Credits (Cryptoequity) and any other Digital Currencies (Cryptocurrencies) held in your Exist Wealth Architect ECO Register 1.2. At any time, subject to outages, downtime, and other applicable policies or agreements that you have made or entered into with Exist Crypto Inc. You may, at any time, withdraw all of your Digital Currencies except the Exist Crypto Alternate Virtual Equity Credits which are (Restricted to exchange within the Exist Family of Entities Commercial Framework) by sending them (other digital currencies) to a different blockchain address outside of the Exist Family of Entities Commercial Framework. As long as you continue to hold the custody of (your) the users Digital Currencies and Digital Assets with Exist Crypto Inc. or www.existcrypto.com and use the Exist Wealth Architect ECO Register 1.2. as your own Register of Account, Exist Crypto Inc. or www.existcrypto.com along with CEVA shall claim, retain and maintain custody of record and control over any of the electronic private keys associated with the users blockchain addresses operated by Exist Crypto Inc or www.existcrypto.com. User grants the unequivocal right to Exist Crypto Inc. or www.existcrypto.com to use all user blockchain addresses that hold (your) the users Digital Currencies associated with the Exist Crypto Inc. Exist Crypto Technology Platform. Exist Crypto Inc. and Client User together acknowledge and accept CEVA as it is, established as an unincorporated self- governing organization elected from the nucleus of the Exist Family of Entities corporations and its members base. You grant authority to Exist Crypto Inc. and CEVA for the maintenance, oversight, and compliance of stored electronic private keys associated with blockchain addresses operated by or through Exist Crypto Inc. or www.existcrypto.com, including the blockchain addresses that hold your other Supported Digital Currency.
IV. NO OTHER RIGHTS CREATED
4.1 No Claim, Loan, or Ownership Interest. The purchase of Tokens:(i) shall not provide Buyer with rights of any form with respect to Company or Company revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights; (ii) shall not be deemed to be a loan to Company; and (iii) shall not provide Buyer with any ownership or other interest in Company.
4.2 Intellectual Property. Company shall retain all right, title, and interest in all of the Company's intellectual property, including, without limitation, land development strategies, equity development strategies, inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyright or patents based thereon. The buyer shall not use any of the Company’s intellectual property for any reason without the Company’s prior written consent. All Assignable Declarant Rights are reserved for WHOA Licensed Founder Developers.
V. SECURITY AND DATA; TAXES AND FEES
5.1 Security and Data Privacy.
5.1.1 Buyer’s Online/Digital Security. Buyer shall implement reasonable and appropriate measures designed to secure access to (i) any device associated with Buyer and utilized in connection with Buyer’s purchase of Tokens; (ii) private keys to Buyer’s Exist Wealth Architect ECO Register 1.2, any other wallets or any associated accounts; and (iii) any other username, password or other login or identifying credentials. In the event that Buyer is no longer in possession of Buyer’s private keys or any device associated with Buyer’s account or is not able to provide Buyer’s login or identifying credentials, Buyer acknowledges and understands that it may lose any or all Tokens or any digital assets associated with the Owners account and/or access to those accounts. In such an event, Company shall be under no obligation to recover any lost Tokens or other Digital Assets and Buyer acknowledges, understands, and agrees that all purchases of Tokens are non-refundable and Buyer shall not receive money or other compensation for any Tokens or associated Exist Crypto Inc. Technology Services purchased.
5.2 Additional Information. Upon Company’s request, the Buyer shall immediately provide to Company information and documents that Company, in its sole discretion, deems necessary or appropriate to comply with any laws, regulations, rules, or agreements, including without limitation judicial process. The buyer hereby consents to Company disclosing such information and documents in order to comply with applicable laws, regulations, rules, or agreements. Company may, in its sole discretion, refuse to distribute Tokens to the Buyer until such requested information is provided.
5.3 Taxes. Buyer shall be solely responsible for compliance with “any” tax obligations arising from the purchase, conversion, exchange, trade, swap, sale, or receipt of Exist Crypto, Alternate Virtual Equity Credits, or any other Supported Digital Assets. Company shall bear no liability or responsibility with respect to any tax obligation of Buyer in respect of the purchase and receipt of any virtual Exist Crypto, Alternate Virtual Equity Credits. Buyer acknowledges that Buyer is in sole possession of their Exist Crypto, AVEC upon receipt, and the onus of liability and or the benefit of any use or application of the use of Exist Crypto, AVEC rests wholly and completely upon the Buyer.
VI. REPRESENTATIONS AND WARRANTIES
6.1 Buyer Representations and Warranties. Buyer acknowledges, represents, and warrants to Company that as of the Effective Date of this Agreement:
6.2 Authority. Buyer has all requisite power and authority to execute and deliver this Agreement, to convert its Equity position in the subject Real Property into Exist Crypto AVEC Tokens, and to carry out and perform his/her desire and obligations under this Agreement. (i) If an individual, Buyer is at least 18 years old and of sufficient legal age and capacity to purchase Tokens. (ii) If a legal person, Buyer is duly organized, validly existing, and in good standing under the laws of its domiciliary jurisdiction and each jurisdiction where it conducts business, they may Purchase Exist Crypto AVEC.
6.3 Disclosure of Information. Buyer has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions of use of the Exist Crypto Inc. Technology Services, and the “Equity Coin Offering” of the Alternate Virtual Equity Credits (the Tokens) with the Company’s management or a qualified Licensed WHOA Founder Developer and has had an opportunity to review the Company’s White Paper and its Supporting documents for their benefit.
6.4 No Conflict. The execution, delivery, and performance of this Agreement will not result in any violation of, be in conflict with, or constitute a material default under, with or without the passage of time or the giving of notice: (i) any provision of Buyer’s organizational documents, if applicable; (ii) any provision of any judgment, decree or order to which Buyer is a party, by which it is bound, or to which any of its material assets are subject; (iii) any material agreement, obligation, duty or commitment to which Buyer is a party or by which it is bound; or (iv) any laws, regulations or rules applicable to Buyer.
6.5 No Consents or Approvals. The execution and delivery of, and performance under, this Agreement requires no approval or other action from any governmental authority or person other than Buyer.
6.6 No Public Market. Buyer understands that no public market now exists for the Tokens and that the Company has made no assurances that a public market will ever exist for the Tokens. Buyer understands that the Tokens may be notated with one or all of the following legends: “THE TOKENS REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.” Any legend required by the securities laws of any state to the extent such laws are applicable to the Tokens represented by the certificate, instrument, or book-entry so stated by legend, if necessary.
6.7 Foreign Investors. If Buyer is not a United States person (as defined by Section 7701(a)(30) of the Code, a “Non-U.S. Person”), Buyer hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Tokens or any use of this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Tokens, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Tokens. Buyer’s equity conversion against its ownership in Real Property for and continued beneficial ownership of the Tokens will not violate any applicable securities or other laws of Buyer’s jurisdiction. If the Buyer is a Non-U.S. Person, Buyer represents, warrants and undertakes that neither it, its affiliates (as defined in Regulation 501 under the Securities Act), nor any persons acting on its or their behalf has engaged or will engage in any directed selling efforts (as defined in Regulation S) with respect to this Agreement and the Tokens.
6.8 No General Solicitation. Neither Buyer, nor any of its officers, directors, employees, agents, stockholders or partners has either directly or indirectly, including, through a broker or finder (a) engaged in any general solicitation, or (b) published any advertisement in connection with the offer and sale of the Tokens.
6.9 Exculpation Among Buyers. Buyer acknowledges that it is not relying upon any Person, other than the Company, in deciding to pursue equity conversion to virtual Exist Crypto AVEC Tokens. Buyer is not subject to any of the disqualifying events listed in Rule 506(d)(1) of Regulation D under the Securities Act of 1933 (a “Buyer Event”), and there is no proceeding or investigation pending or, to the knowledge of Buyer, threatened by any governmental authority, that would reasonably be expected to become the basis for a Buyer Event.
6.10 Buyer Knowledge and Risks of Project. Buyer has sufficient knowledge and experience in business and financial matters, including a sufficient understanding of blockchain or cryptographic tokens and other digital assets, smart contracts, storage mechanisms (such as digital or token wallets), blockchain-based software systems, and blockchain technology, to be able to evaluate the risks and merits of Buyer’s equity conversion to Exist Crypto AVEC Tokens, including but not limited to the matters set forth in this Agreement, and is able to bear the risks thereof, including loss of all equity converted, loss of Tokens, and liability to the Company and others for the acts and omissions of Buyer, including without limitation those constituting breach of this Agreement, negligence, fraud or willful misconduct. Buyer has obtained sufficient information in order to make an informed decision to convert owned equity in the subject Real Property described herein under attached Exhibit A.
6.11 Funds; Payments. Buyer represents that the Real Property equity ownership that Buyer converts in order to acquire Tokens has not been derived from, acquired by, or related to any unlawful activities, including but not limited to money laundering or terrorist financing.
6.12 No Obligation to Register. Buyer understands that the Tokens have not been, and will not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bonafide nature of the investment intent and the accuracy of the Buyer’s representations as expressed herein. Buyer acknowledges that the Company has no obligation to register or qualify the Tokens for resale.
6.13 Anti-Money Laundering (“AML”); Counter-Terrorism Financing. To the extent required by applicable law, Buyer has complied with all anti-money laundering and counter-terrorism financing requirements in that Buyer is converting its equity position in Real Property owned by Buyer into Exist Crypto AVEC Tokens and represents that Buyer has and will continue to comply with all federal and state AML requirements.
6.14 Sanctions Compliance. Neither Buyer, nor any person having a direct or indirect beneficial interest in Buyer or Tokens being acquired by Buyer, or any person for whom Buyer is acting as agent or nominee in connection with Tokens, is the subject of sanctions administered or enforced by any country or government (collectively, “Sanctions”) or is organized or a resident in a country or territory that is the subject of country-wide or territory-wide Sanctions.
6.15 Cloud on Real Property Title. Buyer agrees that they will not prevent, bar, encumber, or cloud title on the subject Real Property described in Exhibit A in any way that places any Deed of Trust associated with Exist Crypto AVEC as described in Sections 1.8 & 1.9 above, that is encumbering the subject Real Property, at-risk or under subordination to another future competing for interests on Title including overextension of Buyer’s borrowing interests in the Real Property. Buyer will not collateralize more than one hundred (100%) percent of its equity position in the subject Real Property. In the event of overextension, Buyer will immediately rectify such overextension with personal assets and/or funds in order to preserve any Exist Crypto AVEC currency that is a lien on the title. All competing superior interests on Title at the time of entry into this Agreement are exempt from Buyers representations and warranties under this Section.
6.16 No Company Representations or Warranties.
(A) COMPANY EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED OR STATUTORY.
(B) WITH RESPECT TO THE TOKENS, THEIR UTILITY AND THE ABILITY OF ANYONE TO PURCHASE OR USE THE TOKENS, COMPANY EXPRESSLY DISCLAIMS ANY REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, OR AS TO THE WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT.
(C) COMPANY PARTIES DISCLAIM ALL REPRESENTATIONS AND WARRANTIES THAT THE PROCESS OF PURCHASING OR RECEIVING THE TOKENS WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT THE TOKENS ARE RELIABLE OR ERROR-FREE.
VII. BUYER ACKNOWLEDGMENTS AND CONSENTS
7.1 Agreement. Buyer acknowledges and understands that Buyer has read in full and understands this Agreement and the terms and conditions to which Buyer is bound.
7.2 White Paper. Buyer acknowledges and understands that it has access to read and view by request, the Exist White Paper. Buyer acknowledges the sensitive nature of the content and information contained in the document construction of the Exist White Paper and its restricted view until published. The abstract will be provided to Buyer. Construction of Exist White Paper is restricted to Exist Crypto Inc. Technology Contract participants, Worldwide Homeowners Association Founder Developers, and CEVA CE-POS Protocol Qualified Intermediary and Peer Review.
7.3 Terms of Conversion. Buyer acknowledges and understands that it has read, understands, and agrees to the Terms of Owner Equity Conversion to Exist Crypto, AVEC the Tokens.
7.4 Procedures for Purchase. By converting personal Real Property equity to virtual Exist Crypto AVEC, Buyer acknowledges and understands the procedures set forth in this Agreement for purchasing Tokens. Buyer acknowledges and understands that: (a) failure to follow such procedures in the Agreement will result in Buyer’s failure to receive Tokens and (b) the receipt or conversion of equity to virtual Exist Crypto AVEC through any other means is not sanctioned or agreed to in any way by Company.
7.5 Company’s Use of virtual EXIST Crypto Currency Tokens and/or Proceeds. Buyer acknowledges and understands that the Tokens and/or proceeds from the sale of the Tokens may be utilized by the Company in its sole discretion.
7.6 Transaction Fees. Buyer acknowledges and understands that any present or future exchange transactions in the Tokens effectuated using the EXIST Protocol may be subject to additional exchange and/or transaction fees above and beyond the conversion fees outlined in 2.3, payable in virtual Exist Crypto AVEC set by the EXIST Protocol, which may vary from time to time.
7.7 Not an Offering of Investment or Securities. Buyer acknowledges and understands that: (a) the Purchase Order of Tokens and the Tokens themselves are not investments, securities, commodities, swaps on a currency, security or commodity of any kind; (b) purchases and sales of Tokens are not subject to the protections of any mature body of laws governing those types of financial instruments and are currently under development in an emerging market; (c) this Agreement and all other documents referred to in this Agreement, including the White Paper, do not constitute a prospectus or offering document, and are not an offer to sell, nor the solicitation of an offer to buy an investment, a currency, security, commodity, or a swap on either a security or commodity or a financial asset of any kind.
7.8 Voluntary Annexation as a basic member of the Worldwide Homeowners Association Inc. Buyer acknowledges that once conversion of any equity takes place under this Agreement, pertaining to the Real Property referenced herein under Exhibit A. attached to this Agreement, that said Real Property will be, by Buyer’s acceptance of this Agreement. Owners property will be subjected to Owners self-imposed voluntarily annexation into and become part of the Worldwide Homeowners Association Inc. and will be subject to all rights, privileges, rules, covenants, conditions, and restrictions associated with membership in the Worldwide Homeowners Association, including the Owner members right to access all Exist parent Company-owned virtual marketplaces within the Credible You virtual marketplace. All providers that provide Contracts for products, goods, and services to the Worldwide Homeowners Association Inc. through the www.credibleyou.com platform and its categorical development are made available through Worldwide Homeowners Association Inc. Founder Developers and are currently under development.
7.9 Rights to Share Information. Buyer agrees and gives permission to Exist’s family of entities, to make public the associated, non-private information, that may be associated with the Buyer’s Exist to Build Declaration and that any non-private information resulting from Buyer’s actions under this Agreement may be shared within the organizations and the platforms associated within the Exist family of entities, as well as with CE-POS for data gathering and marketing purposes.
VIII. BUYER ACKNOWLEDGMENT OF RISKS
8.1 Disclaimer. TOKENS MAY HAVE NO VALUE. BUYER MAY LOSE ALL AMOUNTS PAID. Buyer has carefully reviewed, acknowledges, understands, and assumes the following risks, as well as all other risks associated with the Tokens (including those not discussed herein), all of which could render the Tokens worthless or of little value:
8.2 Basis for Purchase. Owner equity conversion to Exist Crypto AVEC Tokens is at Buyer’s sole risk. Tokens are each provided, used, and acquired on an “AS IS” and on an “AS AVAILABLE” basis without representations, warranties, promises, or guarantees whatsoever of any kind by the Company. Buyer must rely on its own examination and investigation thereof.
8.3 No Rights, Functionality, or Features. Tokens have no rights, uses, purpose, attributes, functionalities, or features, express or implied, outside of identifying Buyers digitized equity position in Buyer’s own Real Property interests.
8.4 Purchase Price Risk. Token Creation, Purchase, and Conversion Service ONLY. There are no guarantees as to the price of Tokens at the time of digital equity conversion by Buyer and no guarantees that the future price per Token determined by the market will be equal to or higher than the value obtained at the time of conversion. There is the possibility that the price per Token may fall below the price at the time of conversion by Buyer of Tokens during the initial distribution period. The company reserves the right to change the duration of any timeframe for the distribution of Tokens, including, without limitation, unforeseen procedural, compliance, or security issues.
8.5 Blockchain Delay Risk. On any Exist Crypto AVEC or CE-POS Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the EXIST/ CEVA consensus and algorithm. The timing of ratification may occur at random times. For example, Token transfers in a given open ledger may not be included in the next last-closed ledger and may be included in the candidate set for the beginning of the consensus process on the next open ledger. As a result, the last-closed ledger may not include Buyer’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer converts equity for the Tokens.
8.6 Exist Crypto, AVEC Consensus Ledger. Transactions on the Exist Crypto AVEC Consensus Ledger may be delayed or lost due to operational error or malicious attacks by third parties. Buyer acknowledges and understands that the last-closed ledger may not include Buyer’s transaction when Buyer wants or expects and that Buyer’s transaction may be excluded or discarded entirely.
8.7 Operational Error. Buyer may never receive Tokens as a result of interruptions and operational errors in the process of purchasing or receiving the Tokens.
8.8 Ability to Transact or Resell. Buyer may be unable to sell or otherwise transact in Tokens at any time, or realize the converted equity value assessed to Buyer at the time of conversion due to (a) diminution in value of the Tokens; (b) lack of liquidity for the Tokens; or (c) Company imposing restrictions on the transferability of the Tokens. The current restriction that is noted here is that the Exist Crypto AVEC is/are only available to Qualify member-based organizations “WITHIN” the Exist Family of Entities that meet the Exist Crypto Alternate Virtual Equity Credits and CEVA Equity Proof of Stake (CE-POS) requirements. Individuals, associations, or their representatives may apply through Worldwide Homeowners Association Inc. Founder Developers for recommendation to Join and to obtain the right of Voluntary Annexation into Worldwide Homeowners Association. Founder Developers provide the Buyer application and access to this Exist Crypto Token Purchase and Equity AVEC Conversion service. Individual WHOA Member access to Exist Crypto AVEC, the Credible You virtual marketplace, and access to WHOA Founder Developer Marketing Agreements are made available through Licensed WHOA Founder Developers. The parties acknowledge that WHOA is a CE-POS qualified member-based organization.
8.9 Token Security. Tokens may be subject to expropriation and or/theft. Hackers or other malicious groups or organizations may attempt to interfere with the Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, surfing, and spoofing. Furthermore, because the Exist Crypto AVEC Protocols may rest on open source software and Tokens are based on open-source software, there is the risk that Exist Crypto AVEC Protocol may contain intentional or unintentional bugs or weaknesses which may negatively affect the Tokens or result in the loss of Buyer’s Tokens, the loss of Buyer’s ability to access or control Buyer’s Tokens or the loss of any other assets in Buyer’s account. In the event of such a software bug or weakness, there may be no remedy, and holders of Tokens are not guaranteed any remedy, refund, or compensation.
8.10 Access to Private Keys. Tokens obtained by Buyer may be held by Buyer in Buyer’s digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private key(s) associated with Buyer’s digital wallet or vault storing Tokens may result in loss of such Tokens, access to Buyer’s Token balance, or any balances in blockchains created by third parties. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service Buyer uses, may be able to misappropriate Buyer’s Tokens. The company is not responsible for any such losses.
8.11 New Technology. The Project and all of the matters set forth in the Whitepaper are new and untested. The Project might not be capable of completion, implementation, or adoption. Even if the project is completed, implemented, and adopted, it might not function as intended, and any tokens associated with a blockchain adopting the Project may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so the Tokens and the Project may become outdated.
8.12 Tax Consequences. The purchase and receipt of Tokens may have tax consequences for Buyer. Buyer is solely responsible for Buyer’s compliance with Buyer’s tax obligations.
8.13 Reliance on Third-Parties. Even if completed, the Project may rely, in whole or partly, on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of which might have a material adverse effect on the Project.
8.14 Failure to Map a Public Key to Buyer’s Account. Failure of Buyer to map a public key to Buyer’s account may result in third parties being unable to recognize Buyer’s Token balance on the EXIST Consensus Ledger.
8.15 Exchange & Counterparty Risks. If Buyer chooses to maintain or hold Tokens through a third party, Buyer’s Tokens may be stolen or lost. In addition, third parties may not recognize Buyer’s claim to any derivative tokens if and when launched by third parties according to the distribution rules set in the Project. Buyer holds Tokens through a third party at Buyer’s own and sole risk.
8.16 Changes to the Exist Crypto Inc. Project. The Project is still under development and may undergo significant changes over time. Although the Company intends for the Project to have the features and specifications set forth in the developing White Paper, Company may make changes to such features and specifications for any number of reasons, any of which may mean that the Project does not meet Buyer’s expectations. As a result: (a) the Project may never be completed; (b) the Project may not be completed as initially proposed by Company, and in a different or modified form; (c) a blockchain utilizing or adopting features of the Project may never be launched, and (d) a blockchain may never be launched with or without changes to the Project.
8.17 Project Completion. The development of the Project may be abandoned for a number of reasons, including, but not limited to, lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
8.18 Lack of Interest. Even if the Project is finished, launched, and adopted, the ongoing success of the Project relies on the interest and participation of third parties. There can be no assurance or guarantee that there will be sufficient interest or participation in the Project.
8.19 Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets, and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities may regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations, or rules that may affect cryptographic tokens, digital assets, blockchain technology, and its applications. Such changes could negatively impact Tokens in various ways, including, for example, through a determination that Tokens are regulated financial instruments that require registration. The Company may cease the distribution of Tokens, the development of the Project or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.
8.20 Risk of Government Action. The industry in which the Company operates is new and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental authorities will not examine the operations of the Company or pursue enforcement actions against the Company. Such governmental activities may or may not be the result of targeting the Company in particular. All of this may subject the Company to judgments, settlements, fines or penalties, or cause the Company to restructure its operations and activities or to cease offering certain products or services, all of which could harm the Company's reputation or lead to higher operational costs, which may, in turn, have a material adverse effect on the Tokens or the development of the Project.
IX. LIMITATION OF LIABILITY; INDEMNIFICATION
9.1 Limitation of Liability. To the fullest extent permitted by applicable law, Buyer disclaims any right or cause of action against Company of any kind in any jurisdiction that would give rise to any Damages whatsoever, on the part of Company. Company shall not be liable to Buyer for any type of damages, whether direct, indirect, incidental, special, punitive, consequential, or exemplary (including damages for lost profits, goodwill, use or data), even if and notwithstanding the extent to which Company has been advised of the possibility of such damages. Buyer agrees not to seek any refund, compensation, or reimbursement from a Company Party, regardless of the reason, and regardless of whether the reason is identified in this Agreement. The company is not and shall not be responsible for or liable for the market value of Tokens, the transferability or liquidity of Tokens, or the availability of any market for Tokens through third parties or otherwise.
9.2 Damages. Under no circumstances shall the aggregate joint liability of the Company Parties, whether in contract, warranty, tort, or other theory, for Damages to Buyer under this Agreement exceed the amount received by Company from Buyer.
9.3 Force Majeure. Buyer understands and agrees that Company shall not be liable and disclaims all liability to Buyer in connection with any force majeure event, including acts of God, labor disputes or other industrial disturbances, electrical, telecommunications, hardware, software or other utility failures, software or smart contract bugs or weaknesses, earthquakes, storms, or other nature-related events, blockages, embargoes, riots, acts or orders of government, acts of terrorism or war, technological change, changes in interest rates or other monetary conditions, and, for the avoidance of doubt, changes to any blockchain-related protocol.
9.4 Release. To the fullest extent permitted by applicable law, Buyer releases Company from responsibility, liability, claims, demands, or damages of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between Buyer and the acts or omissions of third parties.
9.5 Indemnification. To the fullest extent permitted by applicable law, Buyer shall indemnify, defend and hold harmless and reimburse Company from and against any and all actions, proceedings, claims, damages, demands and actions (including without limitation fees and expenses of counsel), incurred by the Company arising from or relating to: (i) Buyer’s purchase or use of Tokens; (ii) Buyer’s responsibilities or obligations under this Agreement; (iii) Buyer’s breach or violation of this Agreement; (iv) any inaccuracy in any representation or warranty of Buyer; (v) Buyer’s violation of any rights of any other person or entity; or (vi) any act or omission of Buyer that is negligent, unlawful or constitutes willful misconduct.
9.5.1 Company reserves the right to exercise sole control over the defense, at Buyer’s expense, of any claim subject to indemnification under this Section 8.5. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between Buyer and Company.
X. DISPUTE RESOLUTION
10.1 Informal Dispute Resolution. The parties shall cooperate in good faith to resolve any dispute, controversy, or claim arising out of, relating to or in connection with this Agreement, including with respect to the formation, applicability, breach, termination, validity or enforceability thereof (a “Dispute”). If the Parties are unable to resolve a Dispute within ninety (90) days of notice of such Dispute being received by all Parties, such Dispute shall be finally settled by Binding Arbitration as defined in Section 10.2 below. The parties to this Agreement hereby waive the right to a trial by jury and the right to participate in any class action against the other party.
10.2 Binding Arbitration. Any Dispute not resolved within 90 days as set forth in Section 10.1 shall be referred to and finally resolved by arbitration under the rules of the American Arbitration Association in effect at the time of the arbitration, except as they may be modified herein or by mutual agreement of the Parties. The number of arbitrators shall be one who shall be selected by Company. The seat, or legal place, of arbitration, shall be Salt Lake City, Utah. The language to be used in the arbitral proceedings shall be English. The governing law of the Agreement shall be as set forth in Section 10.1 herein. The arbitration award shall be final and binding on the Parties (“Binding Arbitration”). The Parties undertake to carry out any award without delay and waive their right to any form of recourse insofar as such waiver can validly be made. Judgment upon the award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant Party or its assets. Company and the Buyer shall be responsible for their respective attorneys’ fees and expenses.
10.3 No Class Arbitrations, Class Actions, or Representative Actions. All claims must be brought in a Party’s individual capacity and not as a plaintiff or class member in any purported class, collective action, or representative proceeding (collectively “Class Action Waiver”). Any dispute arising out of or related to this Agreement is personal to Buyer and Seller and shall not be brought as a class arbitration, class action, or any other type of representative proceeding. There shall be no class arbitration or arbitration in which someone attempts to resolve a dispute as a representative of another individual or group of individuals. Further, a dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
11.1 Governing Law and Venue. This Agreement shall be governed in all respects, including as to validity, interpretation, and effect, by the laws of Delaware, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the laws of another jurisdiction.
11.2 Assignment. Buyer shall not assign this Agreement without the prior written consent of the Company. Any assignment or transfer in violation of this Section shall be null and void. Company may assign this Agreement to an affiliate. Subject to the foregoing, this Agreement, and the rights and obligations of the Parties hereunder, shall be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators, and legal representatives.
11.3 Entire Agreement. This Agreement, including the exhibits attached hereto and the materials incorporated herein by reference, constitutes the entire agreement between the Parties and supersedes all prior or contemporaneous agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof, including, without limitation, any public or other statements or presentations made by Company about the Tokens or the Project.
11.4 Severability. If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid, inoperative, or unenforceable for any reason, the provision shall be modified to make it valid and, to the extent possible, effectuate the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.
11.5 Modification of Agreement. Company may modify this Agreement at any time by written addendum signed and accepted by both parties to this Agreement.
11.6 Termination of Agreement; Survival. This Agreement shall terminate upon the completion of all sales in the Token Distribution. Company reserves the right to terminate this Agreement, in its sole discretion, in the event that Buyer breaches this Agreement. Upon termination of this Agreement: (a) all of Buyer’s rights under this Agreement immediately terminate; (b) Buyer is not entitled to a refund of any amount paid, and (c) Sections 3, 4, 6, 7, 8, 9, and 10 shall continue to apply between the parties in accordance with their terms beyond the termination of this Agreement.
11.7 No Waivers. The failure by the Company to exercise or enforce any right or provision of this Agreement shall not constitute a present or future waiver of such right or provision, nor limit the Company’s right to enforce such right or provision at a later time. All waivers by Company must be unequivocal and in writing to be effective.
11.8 No Partnership; No Agency; No Third-Party Beneficiaries. Nothing in this Agreement and no action taken by the Parties shall constitute, or be deemed to constitute a partnership, association, joint venture or other co-operative entity between the Parties. No Party has, pursuant to this Agreement, any authority or power to bind or to contract in the name of the other Party. This Agreement shall not create any third- party beneficiary rights in any person.
11.9 Notice of Electronic Communications. Buyer agrees and acknowledges that all agreements, notices, disclosures, and other communications that Company provides Buyer pursuant to this Agreement or in connection with or related to Buyer’s purchase of Tokens, including this Agreement, may be provided by Company, in its sole discretion, to Buyer, in electronic form.
THE PARTIES ACKNOWLEDGE HAVING READ ALL THE PROVISIONS OF THIS AGREEMENT AND AGREE TO ITS TERMS.
IN WITNESS WHEREOF, each of the undersigned acknowledges having read all the provisions of this Agreement and agree to its terms and do hereunto set his or her hand or caused this Agreement to be signed in its name by a person or persons duly authorized, all as of the date of this Agreement.
12.1). CEVA OVERSIGHT
EXIST CEVA QI OVERSIGHT ID# *
12.2). WHOA Licensed Founder Developer 1 ID # *
Exist WHOA Licensed Founder Developer Name: *
This is the WHOA Licensed Founder Developer who personally invited you to join WHOA.
12.3). WHOA Licensed Founder Developer or Marketing Founder Developer 2 ID # *
Exist WHOA Licensed Founder Developer or WHOA Marketing Founder Developer Name: *
This is the WHOA Licensed Founder Developer OR WHOA Marketing Founder Developer assisting the WHOA Licensed Founder Developer who personally invited you to join WHOA.
12.4). OWNER/ BUYER(S) ** Notice This Signature Line Requires a third party (wet) notary review and signature.
Title: Property Owner (Buyer One)
Property Owner: *
Owner Signature: *
By: * (Witness)
Title: WHOA “Licensed” Founder Developer ONE Date: *
Title: Property Owner (Buyer Two) or N/A
By: * (Witness)
Title: WHOA “Marketing” Founder Developer TWO Date: *
12.5) SELLER: Exist Crypto, Inc.
AVEC CE-POS Verification and Receipt
Request for Exist Crypto Inc. CE-POS Receipt of Token transaction
By: James David Ray
Seller’s Signature verified through electronic verification
Subject Real Property Legal Description:*
Subject Real Property Valuation:
Total Stated Value of Owner’s subject real property: *
*Total Stated Value = Calculated average value of all seven (7) lines - OR - a verified third party appraisal found in Exhibit C. For any third party Appraisal, see Exhibit C.
** Total Stated Value amount shown above will be used to calculate the 3% Voluntary Annexation fee shown in Section 2.1.
Fees / Title Fees/ Equity Rents/ CEVA
Equity Rents Description and Disclosures
Exist Crypto, “AVEC” Alternate Virtual Equity Credits
May be calculated in whole, in part, or in fractions
Tokens are only ever created at Stated CE-POS Value, Each Token is Valued at $100.00 USD
CE-POS (Commercial Efficiency Valuation Association, EQUITY - PROOF OF STAKE)
EQUITY RENTS Owner Benefits upon Peer to Peer Transactions.
T.I.M.E. EXIST ECO Smart Contract Client Available Equity Rents are 1.0% on AVEC for WHOA Members.
Taxes .125 of the Original Token Purchase and Equity Conversion Value
Maintenance .125 goes to WHOA up to 1%
Over Balance to divert to Client Equity Account;
Equity Rewards Client Account .125 *Double Rewards
Balance of Owner Controlled Equity Rents are separated as follows;
*1 Open Wallet .125 =+++ $$$ Value Hold WHOA New Client Control
*2 Open Wallet .125 =+++ $$$ Value Hold WHOA New Client Control
*3 Open Wallet .125 =+++ $$$ Value Hold WHOA New Client Control
*4 Equity Rewards Client “WHOA Member Corporate sponsored Exist to Build Rewards Account” .125
Wallet Holds *1 through *3 may be sold and distributed through the WHOA Equity Coin Offering by Contract through a “Qualified Intermediary” (QI) or an “ECO QI Smart Contract” when using the WHOA Initial Equity Coin Offering to cancel the debt.
The Token distributions by value verified increases through CE-POS Protocols will be delivered through Airdrops. These Airdrops may be distributed through the “ECO QI Smart Contract” from the sales through the WHOA Equity Coin Offering.
Token Purchaser may be delivered to the ONUS Token Purchasers ERC20 Exist Crypto ONUS Compatible Wallet.
Envelope *4 may be moved through the ECO QI Smart Contract to its WHOA Corporate Rewards Account as the destination WHOA Corporate Reward Account is under the Control of the Worldwide Homeowners Association.
Buyer/ Owner has the right under Exhibit G to the Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement that this Exhibit B is made a part of, to identify and impose Equity Rents on the AVEC created under the Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement.
(2) CEVA Fee for any Peer to Peer transfer of AVEC anywhere on the Exist Technology Platform.
1% of the value of the exchange transaction goes to CEVA.
The 1% Breakdown Percentages and their Distributions are as Follows: Each Register will receive the 1% assessment:
.40% SARA under a PSA CEVA Agreement
.225% EXIST HOLDINGS
.125% EXIST CRYPTO
.125% CREDIBLE YOU
All of the above percentages are a percent of the assessed 1% equity rent on the value of the transaction.
Buyer/ Owner has the right under Exhibit F to the Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement that this Exhibit B is made a part of, to identify and impose Equity Rents on the AVEC created under the Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement.
Any fees associated with annexation, conversion, third party verification of value, CEVA, and/or recording of any real property that is to be voluntarily annexed into the Worldwide Homeowners Association are the sole responsibility of the Owner.
Deed of Trust Here
Exist Crypto AVEC Covenants Conditions and Restrictions here
CEVA Oversight Fee - AVEC Tokens
Exist ID CEVA OVERSIGHT ID # *
Exist ID WHOA LFD ID # *
Exist ID WHOA MFD # *
WHOA Property Owner Member Name: *
WHOA Exist ID: *
RECITALS AND AGREEMENT
WHEREAS, Exist Crypto AVEC TOKENS are subject to an Owner’s self-imposed CEVA Oversight Fee REQUIRED FEE *(Initials) Int (YES) every time AVEC is traded or exchanged within the Exist family of entities. AVEC may only be traded or exchanged within the Exist family of entities. The Fee occurs on each token every time a token is exchanged or traded. The Fee is equal to One Percent (1%) of a Token’s value determined at the time of the creation of the Token, regardless of change of value in Token at the time of trade or exchange. The value determined is calculated from the CEVA Equity Proof of Stake CEVA Verification at the time the Owner Created the Tokens.
WHEREAS, The CEVA Oversight Fee is charged upon the initial or first time that the Token Distribution occurs, and then follows the token through the WHOA ECO Smart Contract. This Oversight Fee follows the Token, through the WHOA ECO Smart Contract, which runs with the land as it's recorded with the Exist core documents on the land; and
WHEREAS, The WHOA ECO Smart Contract continues to follow all transactions and appears at each Point of Sale or Exchange to collect the Required CEVA Oversight Fee; and
WHEREAS, The CEVA Oversight Fee is programmed into the WHOA ECO Smart Contract, from the time of its programming forward indefinitely. Every time an Exist Crypto AVEC Token or Fraction of that Token Trades or Exchanges in any way on the Exist Crypto Technology Services Platform, the Owner’s Self Imposed CEVA Oversight is present at the moment of the Exchange, and the CEVA Oversight Fee is charged and distributed through the WHOA ECO Smart Contract to the Owner and other intended recipients designated by Owner in this Agreement.
NOW, THEREFORE, I (Token Purchaser) *; Declare Exist Holdings and the Commercial Efficiency Valuation Association and the associated Exist Crypto Inc., CEVA Equity Proof of Stake Measurement and Verification Protocols along with the Exist Stakeholders as CEVA Oversight.
* (Initials) I Impose this CEVA Oversight Fee as a permanent Lien on my Exist Crypto AVEC Tokens and I Acknowledge and Accept the One Percent (1%) AVEC CEVA Oversight Fee as described in my signed Exist Core Documents as Binding on the Exist Crypto AVEC Tokens listed in my Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement.
I grant and/or reaffirm the oversight of my Exist Crypto AVEC Tokens as described herein to CEVA, as Exist Holdings, Exist Crypto Inc., Worldwide Homeowners Association Inc and Credible You Inc. along with their WHOA Licensed Stakeholders.
I acknowledge and accept that as a Member of WHOA that CEVA acts as a Self-Governing Organization for the Exist Family of Entities.
THE OWNER/BUYER(S) ACKNOWLEDGE HAVING READ ALL THE PROVISIONS OF THIS CEVA OVERSIGHT FEE AGREEMENT AND AGREE TO ITS TERMS.
IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand or caused this Agreement to be signed in its name by a person or persons duly authorized, all as of the date of this Agreement.
Equity Rents - AVEC Tokens
Exist WHOA ID: *
WHEREAS, Exist Crypto AVEC Tokens created under Owner’s Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement allows for owner benefits, in the form of Equity Rents, on potential future peer to peer transactions as the point of sale of the Tokens; and
WHEREAS, Equity Rents are tied to ECO Smart Contract valuations, which are identified and converted into WHOA Equity Rents through the Owner’s Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement for WHOA Members on the Exist Crypto Technology Services Platform; and
WHEREAS, under this equity rents and gains platform, Exist Crypto AVEC Tokens are subject to an Owner’s self-imposed WHOA Equity Rents T.I.M.E Contract, which has a self-imposed REQUIRED FEE * (Initials) (YES) and may be subject to an Owner’s self-imposed set of additional Equity Rents every time AVEC is traded or exchanged within the Exist family of entities. AVEC may only be traded or exchanged within the Exist family of entities. Equity Rents assessed on each token, every time a token is exchanged or traded is equal to up to One (1 %) Percent of Token Value. The value determined is calculated from the CEVA Equity Proof of Stake CEVA verification at the time the Owner Created the Tokens; and
WHEREAS, Exist Crypto AVEC Tokens are subject to Owner’s Equity Rents. The Equity Rents are ordered by the Owner to be distributed in the form of one (1) of the WHOA T.I.M.E. ECO Smart Contracts. A portion of the Owner’s WHOA Equity Rents is divided among the four categories in the T.I.M.E. Contract by a WHOA ECO Smart Contract distribution when a Token is traded or exchanged. T.I.M.E. is Taxes, Insurance Maintenance, and Equity Rents, these are assessed at a rate of T.125 - I.125 - M.125 - E.125 or one half of one percent (½ or .005%) of Token value as a REQUIRED FEE T.I.M.E. * (Initials) (YES) for Owner’s Equity Rents. The value determined is calculated from the CEVA Equity Proof of Stake CEVA Verification at the time the Owner created the Tokens; and
WHEREAS, when an Owner’s AVEC Token is traded, the WHOA T.I.M.E. ECO Smart Contract associated with that Token triggers an Equity Rent charge and distribution upon the first Token Distribution and then follows the Token through the WHOA ECO Smart Contract. Once imposed, a WHOA T.I.M.E. ECO Smart Contract, like any other CEVA Oversight Fee identified in Exhibit F as recorded on title, in the Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement, runs with the land and is perpetual in nature; and
WHEREAS, Exist Crypto AVEC TOKENS may also be subject to additional Owner self-imposed Equity Rents in the form of Owner self-imposed Equity Rent Fees that are tied to a WHOA ECO Smart Contract. In addition to the T.I.M.E. Contract described in these recitals, the Owner has the option under this Agreement to designate, assign and impose equity rent assessment liens on the Owner’s AVEC for the benefit of the Owner and other intended recipients as designated by Owner or by virtue of the Exist Crypto AVEC’s use in the trade/purchase/ exchange process; and
WHEREAS, The WHOA ECO Smart Contract, continues to follow all transactions a certain AVEC Token is associated with and appears at each Point of Sale or Exchange to collect the Required Owner’s self-imposed Equity Rents Fee assessed at an optional rate of up to an additional half of a percent (½ or .005%) of Token Value-based off of what you the Owner decide to do in this Agreement. Once imposed, these Equity Rent Fees, like the WHOA T.I.M.E. ECO Smart Contract, and the CEVA Oversight Fee identified in Exhibit F above, runs with the land and is perpetual in nature.; and
WHEREAS, T.I.M.E. Equity Rents along with the Owners Self-Imposed value gained Equity Rents are programmed into the WHOA T.I.M.E ECO Smart Contract, from the time of an AVEC Token’s programming forward. Every time the Exist Crypto AVEC Token or Fraction of an Exist AVEC Token Trades or Exchanges in any way on the Exist Crypto Technology Services Platform, the Owner’s self-imposed WHOA T.I.M.E Equity Rents and other Equity Rents Liens are present at the moment of the Exchange. At that point in time, those Equity Rent fees are charged/debited and distributed to programmed virtual envelopes via the Owner’s own Exist Crypto, WHOA T.I.M.E. ECO Smart Contract to the Owner and other Owner assigned intended recipients.
NOW, THEREFORE, I (Owner)*; impose WHOA Equity Rents as a permanent electronic lien upon my Exist Crypto AVEC Tokens as identified and described in my Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement as follows:
Owner Name: *
Owner Acceptance: *
1. Owner Point of Demarcation. Here and now is when you the Owner develop and create the Equity Rents on your Tokens for yours and potentially other’s benefit.
2. Owner’s Unilateral Determination. It is under the Owner’s Onus, Responsibility, and Control to determine how many Equity Rents you the Owner, impose or “keep” versus how many Equity Rents you the Owner do not impose or “Let”. When an owner has the desire to use the items purchased (Exist Crypto AVEC Token Equity Rents) to consume, occupy or develop the land, you as a qualified WHOA Member may impose these Equity Rent severances and make these demarcations in the form of indentured liens on the real property that may be represented in Exist Crypto AVEC Tokens.
3. Distributing Tokens after Imposition of Equity Rents. Once you have determined the self-imposed Equity Rents and how they are to be distributed, you the Owner may place the Exist Crypto AVEC Tokens for Sale by Owner. This can be done using an Exist Crypto Digital WHOA ECO (QI) 50/50 Smart Contract. This is a required Smart Contract for participation in a WHOA ECO Coin Offering. Alternatively, you may choose your own Qualified Intermediary as a private representative or do it yourself on the Exist to build Platform as it develops. Once you have made your decisions on the way you would like to proceed, you may choose to engage in a WHOA ECO Equity Coin Offering “Showcase Smart Contract'' or enter the “Exist to Build Equity Platform” and negotiate on your own as they continue to develop.
4. As a New WHOA Member, as you begin to Use the Exist Crypto Inc. Technology Services Platform, to Exist to Build Equity or if you choose to use the Worldwide Homeowners Association Equity Coin Operator (ECO) Offering, the choices you make will reflect in the values you choose to assign to your Exist Crypto AVEC Digital Assets in the WHOA ECO Equity Coin Offering and may influence its perceived value to any Buyer.
NOTICE! FUTURE VALUE OF THESE EQUITY RENTS HAVE NOT BEEN DETERMINED OR EVALUATED. AN OWNER SHOULD UNDERSTAND THAT IMPOSITION OF EQUITY RENTS MAY OR MAY NOT CONSTITUTE RISK AND SHOULD PROCEED ACCORDINGLY.
Owner’s Elected Imposed Equity Rents
5. WHOA T.I.M.E. ECO SMART CONTRACT is an Owner Members Worldwide Homeowners Association Property Development and Maintenance Smart Contract.
(a) The WHOA T.I.M.E. ECO Smart Contract is a CE-POS Required Smart Contract used to enter the WHOA ECO Coin Offering. The WHOA T.I.M.E. ECO Smart Contract allocates ½ of the Total 1% (0.5%) of Token Value that is available for the Owner to assess Equity Rents on a given Token and is allocated as Owner Contributions to WHOA CE-POS Required Standard of Maintenance WHOA T.I.M.E. Protocol.
(b) Under WHOA T.I.M.E. CE-POS Required Standard of Maintenance Protocol, an Exist Crypto Inc. WHOA ECO Smart Contract operates as an Owner Self-Imposed Lien on AVEC Tokens in the form of Equity Rents. In a WHOA T.I.M.E. ECO Smart Contract, the WHOA self-imposed equity rents are distributed as follows:
WHOA Power Rewards (Self-Directed)
T.I.M.E. POWER REWARDS
.125 Property Taxes
.125 Owner Insurance
.125 WHOA Maintenance
.125 Exist Equity - (Owner’s Exist Wealth Architect ECO Register 1.2
Rewards (AVEC Primary Account)
(c) Owner’s Exist Equity. WHOA T.I.M.E. ECO Smart Contract Distributions take place under the Exist Equity envelope and the Owner keeps their Equity in the Owner’s own register of account. This register of account is called the Exist Wealth Architect ECO Register 1.2.
(d) WHOA Member, by electronically signing each category, agrees to fund each category with one (1) AVEC to start each wallet and also allocates the amount shown in each category as a percentage to be distributed to multiple parties according to the terms of Owner’s Self-Imposed Equity Rents Lien as they pertain to Equity Rents and their Distribution in this WHOA ECO Smart Contract.
T. Taxes ------------------------------(Owner Control) - (Supplemental) ------------------------------ .125
I. Insurance ------------------------ (Owner Control) ----------------------------------------------------- .125
M. Maintenance -------------------- (WHOA Control) - (Maintenance) ------------------------------ .125
E. Exist WA-ECO-R-1.2 -------- (Owner Control) ------------------------------------------------------.125
(e) Under the T.I.M.E Contract, the first three digital envelopes of Taxes, Insurance, and Maintenance (T.I.M.) Wallets Values may be sold and distributed through the WHOA Equity Coin Offering by Contract through a “Qualified Intermediary” (QI) or an “ECO QI Smart Contract” when using the WHOA Initial Equity Coin Offering and WHOA ECO Smart Contract to Convert Equity to Exist Crypto AVEC with Equity Rents, in order to pay taxes, eliminate debt and prepare the property for development.
(f) The fourth envelope of Equity is redeemed by the Owner wherein the Owner receives a distribution of equity into Owner’s Exist Wealth Architect ECO Register of Account 1.2.
(g) The Token values gains and their distributions are verified through CE-POS Protocols.
(h) The gains or increases calculated are derived from the Exist Crypto AVEC CE-POS Baseline at the time of Token creation and will be distributed through Airdrops.
(i) The Value of these Airdrops may be sold and distributed through the WHOA “ECO QI Smart Contract”. The Value of these Airdrops may come from the sales that occur through the Owners WHOA Equity Coin Offering or accumulate from future peer to peer exchanges depending on how the Owner creates their Token sale.
(j) A Token purchaser’s values may be delivered to a given purchaser’s new guest member’s Exist Wealth Architect ECO Register 1.2 ERC20 Exist Crypto ONUS Compatible Modern Register of Account.
(k) The remaining T.I.M.E contract digital wallet, the Exist wallet, is Owner’s Exist Wealth Architect ECO Register 1.2 Main Account, wherein the Owner may realize Exist Power Rewards and /or equity-based off of Owner’s designation of distributions outlined below. The Rewards that go into this particular account are Exist Crypto AVEC. They are NOT severed into Exist Crypto OMNI Rewards Tokens.
6. Voluntary Designation of Exist Equity Distributions. Designation of Distributions may be made to a given Token Purchaser (Buyer) or may be Retained by the Owner. These additional Equity Rent allocations comprise the other ½ of the total 1% of Token Value that is available for the Owner to assess Equity Rents on a given Token and is also allocated as Owner Contributions to WHOA CE-POS Required Standard of Maintenance Protocol once the Owner has designated distributions hereunder.
NOTICE: This is where you the Owner should consider:
(i) how You or the Buyer may view the values you have placed on your Property, and
(ii) if the Property has been placed under Seller’s (Owners) WHOA T.I.M.E. Property Management, Development and Maintenance Agreement;
or Owners declaration to Exist to Build Equity;
or if they have entered the WHOA Member-Owner Builder “WHOA ECO 50/50 QI EXIST TO BUILD OWNER BUILDER “SHOWCASE” SMART CONTRACT” preparatory for the WHOA Showcase Model Home Debt Free Development.
You, the Owner, should be mindful of these considerations along with the values you place here on these Equity Rents or how it affects the values associated with the Exist Crypto AVEC Tokens Use.
(a) Owner has the option to create four additional digital incentive equity rent envelopes. The first three digital envelopes allow the holders of those envelopes to realize equity rent distributions allocated to those envelopes. The owners of those envelopes can either be the Owner or designated purchasers of equity.
(b) WHOA Member, by electronically signing each category hereunder, agrees to fund each category with one (1) AVEC to start each wallet and also allocates the amount shown in each envelope category as a percentage to be distributed to multiple parties according to the terms of Owner’s Self-Imposed Equity Rents Lien as they pertain to Equity Rents and their Distribution in this WHOA ECO Smart Contract.
CEVA OVERSIGHT ID #0 *
EXIST WHOA Licensed FD ID #1 *
EXIST WHOA Marketing FD ID #2 *
EXIST WHOA GUEST ID #1 *
(c) 1st Hold Envelope. Owner Equity Rents-----(Owner Control) -(Supplemental)---.125
OWNER Exist Crypto AVEC
WHOA MEMBER Exist ID: *
I Choose to KEEP and Maintain this envelope of Equity Rents, Please Distribute to my main Wealth Architect ECO Register of Account1st hold envelope Account number: * NA
* I Choose to SELL my Equity Rents to the WHOA Guest or WHOA Member BUYER listed below.
WHOA Equity Rents Owner Member Name: *
WHOA Owner Member Electronic Signature: *
I will sell my Equity Rents to a WHOA Member Buyer listed hereunder at a one time non-refundable fee in the amount of $ *. I will accept USD, Ethereum, and/or Bitcoin for this 1st Hold Envelope transaction.
WHOA GUEST ID: * (WHOA ECO QI Smart Contract Required)
WHOA GUEST Name: *
WHOA GUEST Electronic Signature: *
EXIST WHOA Member ID: *
WHOA Member Name: *
WHOA Member Electronic Signature: *
(d) 2nd Hold Envelope. Owner Equity Rents-(Owner Control) - (Supplemental) ---.125
* I Choose to KEEP and Maintain this envelope of Equity Rents, Please Distribute to my main Wealth
Architect ECO Register of Account2nd Hold Envelope account number: *
I will sell my Equity Rents to a WHOA Member Buyer listed hereunder at a one time nonrefundable fee in the amount of $ *. I will accept USD, Ethereum, and/or Bitcoin for this 2nd Hold Envelope transaction.
WHOA GUEST ID * (WHOA ECO QI Smart Contract Required)
(e) 3rd Hold Envelope. Owner Equity Rents--(Owner Control) - (Supplemental)- .125
OWNER Exist Crypto AVEC WHOA MEMBER Exist ID: *
* I Choose to KEEP and Maintain this envelope of Equity Rents, Please Distribute to my main Wealth Architect ECO Register of Account3rd Hold envelope address number: * NA
I will sell my Equity Rents to a WHOA Member Buyer listed hereunder at a one time nonrefundable fee in the amount of $ *. I will accept USD, Ethereum, and/or Bitcoin for this 3rd Hold Envelope transaction.
(f) Rewards Equity Rent Envelope -Exist WA-ECO-R-1.2 - (WHOA Control) -
WHOA Equity Rents Property Owner Member Name: *
(g) If a WHOA Member chooses to place a property in the WHOA ECO SHOWCASE Offering, they are required to enter a WHOA ECO SHOWCASE QI Smart Contract and receive Declarant clearance for acceptance.
THE OWNER/BUYER ACKNOWLEDGE HAVING READ ALL THE PROVISIONS OF THIS EQUITY RENTS – AVEC TOKENS AGREEMENT AND AGREE TO ITS TERMS.
State of ______
County of _________
I, a Notary Public for the County and State aforesaid, do hereby certify that the foregoing instrument was voluntarily executed for the purposes therein stated by _____________________, who personally appeared before me this day and is personally known to me or has produced a state Driver’s License as identification.
Witness my hand and official seal this ____ day of _____________, _____
Notary Public in and for the State of ______
Printed Name: _____________________________________
My Commission Expires: ________________________
Leave this empty:
Your legal name
Your email address
Signed by James Ray
Signed On: February 11, 2021
If you have questions about the contents of this document, you can email the document owner.
Document Name: EXIST WHITE PAPER TOUCHSTONE DOCUMENT 1.4 EXIST CRYPTO INC. EXIST CRYPTO TOKEN PURCHASE AND EQUITY (AVEC) CONVERSION AGREEMENT A TECHNOLOGY SERVICES AGREEMENT AND OWNER’S REQUEST, ACKNOWLEDGMENT
Agree & Sign