3. Definitions

Accepted Currency means the following fiat currencies that will be accepted by the Company for purchasing Tokens: US Dollars, British Pounds, or Euros and any digital currency as the Company may agree in writing with a Participant from time to time.

Company: means Hugs Limited, a company incorporated under the laws of Gibraltar with registration number 120996 and having its registered office at 6 Bayside Road, 6.20 World Trade Center, Gibraltar, acting as the issuer of the Tokens.

Documents: all documents, annexes and other relevant information regulating the use of Tokens but not limited to the Whitepaper, these Terms, the Privacy Policy, and all information made available by the Company on the Website or elsewhere from time to time, and to the extent that they are still in force or applicable for that particular Participant.

Polygon: Public blockchain platform with its internal cryptocurrency MATIC.

Financial Action Task Force: means the Financial Action Task Force being the global money laundering and terrorist financing watchdog: www.fatf-gafi.org.

Hugs: Means the Company.

HUGS or $HUGS (all caps): Means the token.

Participant or You: means any person who has contributed and/or participated in the Token Sale (by Private Sale or Public Sale) and/or who intends to hold and/or use the Tokens.

Private Sale: an offer made by the Company, through a private reward-based fundraising event, to accept contributions, which contributions will be rewarded with an allocation of a determinate number of Tokens to participants according to the terms of the Documents.

Prohibited Participant: means a person

(i) wishing to become a Participant and being a citizen, national, resident or having a similar connecting factor to; or

(ii) wishing to become a Participant and being incorporated, registered, or effectively managed and controlled from or in:

a country, jurisdiction or territory where :

(i) the holding and use of Tokens and/or virtual currencies or other tokens at any other moment in time is prohibited by laws, regulations or other practices and policies in the said country, jurisdiction or territory, which is taken to include, but is not limited to the U.S.A., or any other jurisdictions where the aforementioned are prohibited. This shall include any person/s representing or acting on behalf of such restricted prohibited participant/s in any manner or capacity whether openly or covertly; or

(ii) such country, jurisdiction or territory is one which is on the list of high-risk or non-cooperative jurisdictions of the Financial Action Task Force.

Public Sale: means an offer made by the Company through its Website and/or third parties to provide a public reward-based fundraising event, to accept contributions, which contributions will be rewarded with an allocation of a determinate number of Tokens to participants according to the terms of the Documents.

Terms: the present terms and conditions governing the acquisition, holding or use of the Tokens at any moment in time, as stated herein, which may be updated from time to time and to the extent not covered by other Documents.

Tokens or HUGS or $HUGS or HUGS Tokens or $HUGS Tokens: means one or more of the [one hundred million (100,000,000)] HUGS tokens that have initially been minted on the Polygon blockchain as a standardised ERC-20 token. Our token has the following address: 0x549b63daf6A23267b813F704aEDdDc61302E6729

Token Sale: means the restricted sale of Tokens to Participants via an electronic platform accessed through this Website, or an affiliate or third party for and on behalf of the Company, and subject to these Terms and Conditions.

Website: shall include any of the websites linked to the domain crtr.tech and all subdomain/s of such website/s or any other website/s as indicated by the Company from time to time.