Market Disruption, Dumping Policy and Agreement- CRD Network

ANY CRD NETWORK PARTICIPANTS WITH HOLDINGS EQUAL OR ABOVE 1M CRD TOKENS IS BOUND BY THIS AGREEMENT AND POLICY

For the purposes of this Agreement, CRD NETWORK DAO and the Token Holder shall also be referred to individually as “PARTY” and collectively as “PARTIES”.

WHEREAS, the liquidity pools are an essential part of the CRD tokens ecosystem.

WHEREAS, the Token Holder shall not be allowed to sell the CRD tokens if they cause price fluctuations.

WHEREAS, the Token Holder shall not be allowed to sell their CRD tokens on the liquidity pool in manners that create major price fluctuations.

WHEREAS, the CRD NETWORK DAO is looking to preserve the market integrity of the CRD tokens.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the PARTIES agree as follows:

Scope. The CRD NETWORK DAO is looking to prevent price fluctuations that might harm the financial dealings of other CRD token holders. The Token Holder shall not be allowed to sell or dump their CRD tokens onto liquidity pools or secondary markets in manners that create major price fluctuations.

1 - Restrictions to the use of CRD Tokens.

1.1 - The Token Holder agrees that it shall not cause disruptions of price fluctuation on the CRD token liquidity pool unless is authorized by the CRD NETWORK DAO.

1.2 - The Token Holder shall not be allowed to make any type of actions that will create a disruptive price fluctuation of the CRD Token unless it is authorized by the CRD NETWORK DAO.

2 - Request of Authorization by the CRD NETWORK DAO.

The Token Holder shall require authorization by the CRD NETWORK DAO in case of any actions that would cause a price fluctuation on the CDR token liquidity pool.

3 - CRD NETWORK DAO Powers to Prevent CRD Price Fluctuations.

The CRD NETWORK DAO shall be allowed to restrict any sales by the Token Holder if this sale will cause a disruptive price fluctuation on the CDR token liquidity pool.

4 - Term.

This Agreement has a permanent effect, insofar the user Token Holder retains CRD holdings above 1m.

5 - Taxes.

Each Party shall be responsible for the payment of its own taxes, licenses, and fees in connection with this agreement. Neither party shall be responsible or liable for the other party's Taxes assessed in connection with this Agreement.

6 - Legal Remedies / Attorneys’ Fees.

The Token Holder agrees that if this Agreement is breached, the remedy at law would be inadequate, and therefore, without limiting any other remedy available to the CRD NETWORK DAO at law or in equity, the PARTIES agree that an injunction, restraining order, specific performance, and other forms of equitable relief or money damages or any combination thereof should be available to the CRD NETWORK DAO without the requirement of posting a bond or other credit support as a condition to any such relief. The successful PARTY in any action or proceeding brought to enforce this Agreement is entitled to recover the reasonable costs, expenses, and fees incurred in any such action or proceeding, including reasonable attorneys’ fees and expenses.

7 - Governing Law.

This Agreement is governed in all respects by best practices without giving effect to its conflicts of law provisions that might require the application of another jurisdiction’s laws.

8 - Settlement of Disputes.

8.1 - The PARTIES agree that any dispute arising out of or in connection to this Agreement, including any question regarding its existence, validity, or termination, the PARTIES shall first seek settlement of that dispute by mediation in accordance with the rules of the International Chamber of Commerce (ICC) Mediation Rules, which procedure is deemed to be incorporated by reference in this clause.

8.2 - If the dispute is not settled by mediation within 30 days of the appointment of the mediator, or such further period as the PARTIES shall agree in writing, the dispute shall be referred to and finally settled through binding arbitration under the Rules of Arbitration of the ICC.

8.3 - The number of appointed arbitrators shall be one or more in accordance with the said Rules of Arbitration.

8.4 - The seat, or legal place, of arbitration, shall be Brussels, Belgium.

8.5 - The language to be used in the arbitral proceedings shall be in English.

9 - Assignment and Transfer.

Neither PARTY may assign or otherwise transfer its rights or delegate its obligations under this Agreement without the prior written consent of the other PARTY.

10 - Severability.

It is the intention of the PARTIES that the Agreement shall be construed as a whole. Notwithstanding the foregoing, if any part of the Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the validity of the remainder of the Agreement shall not be prejudiced thereby and every part of the Agreement shall be deemed to be severable and separately valid and enforceable.

11 - Force Majeure

11.1 - Each PARTY shall not be liable for failure to perform any of its obligations under this Agreement if such failure is caused by, or arises, as a result of an event of force majeure (‘FORCE MAJEURE EVENT’). Force majeure may result directly or indirectly from any cause which is beyond reasonable control including, but not limited to the following examples: pandemic, fire, flood, strike, acts of God, changes of the regulatory environment, acts of governmental or military authorities, strike, civil unrest, terrorism, and war.

11.2 - As soon as reasonably possible, the PARTY facing force majeure shall notify the other PARTY in writing of any occurrence of a FORCE MAJEURE EVENT, the estimated extent, and duration of its inability to perform its obligations under this AGREEMENT. The PARTY facing force majeure shall use all reasonable endeavours to minimize the effects of the FORCE MAJEURE EVENT.

11.3 - If a FORCE MAJEURE EVENT subsists for more than 40 days then either PARTY may terminate this AGREEMENT with written notice to the other.

12 - Waiver.

No waiver by any PARTY of any or more defaults by another PARTY in the performance of this Agreement shall operate or be construed as a waiver of any future default or defaults by the same PARTY, whether of a like, or of a different character. No PARTY shall be deemed to have waived, released or modified any of its rights under this Agreement unless such PARTY has expressly stated in writing that it does waive, release or modify such right.

13 - Headings.

The headings used in this Agreement are for convenience only, and shall not be used in the construction or interpretation hereof.

14 - Invalidity.

In the event of invalidity of any portion of this Agreement, the Parties agree that such invalidity shall not affect the validity of the remaining points of this Agreement.

15 - No Partnership or Agency.

Nothing in this Agreement is intended to, or shall be deemed to, establish any partnership or joint venture between any of the parties, constitute any party, the agent of another party, or authorize any party to make or enter into any commitments for or on behalf of any other party. Each party confirms it is acting on its own behalf and not for the benefit of any other person.

Confidential Information.

Each Party undertakes to the other that it shall treat as confidential all information received or obtained as a result of entering into or performing this Agreement.