Terms of Sale Agreement

Last Updated: April 27th 2014

Welcome to the Seventh Continents website https://www.7cbit.com (Site). Please note if you purchase any Products, Services, Memberships or Subscriptions on this Site you hereby agree to this Terms of Sale Agreement (hereinafter Agreement) as well as our EULA and Privacy Policy. Please note, Seventh Continent Ltd. (18-21 Charles Street, Truro, Cornwall, TR1 2PQ UK) Property Rights owner or TechBay F.Z.C.

TechBay F.Z.C.

Company office Reg ID: 067426980
P.O. Box 40402 Ajman, U.A.E.
Web: www.techbay.ae
Email: sales@techbay.ae
Phone: +971 56 3485255

It's contracted operator (hereinafter "Operator"), reserves the right to change this Agreement without notice to you so please be sure to check this Agreement prior to any purchase on the Site. The date of the current Agreement will always be included at the top of this page.

I. PERSONAL NON-COMMERCIAL USE

All virtual Products, virtual Services, Memberships and Subscriptions you purchase on the Site (collectively referred hereinafter as Products and Services) are offered solely for your personal, non-commercial use. The access to any Products and Services to you does not transfer any commercial or promotional rights in the Products and Services except those the Seventh Continent (hereinafter Game) purposely involves within the Game itself. You may not resell, rent, lease or provide Products and Services to any person who is not Participant in the Game and you shall not modify, publish, participate in the transfer or sale of, reproduce (except for as otherwise provided for in the EULA), or create new works from, any of the Products and Services in whole or in part. Operator reserves the right to terminate your Participant Account for violation of any of these rules including the rules laid down in the EULA and the Privacy Policy. Products and Services as a brand new solution of business on the Internet are the intellectual property of Seventh Continent Ltd.

II. OPERATORS OPERATION OF SITE

In order to continuously improve the quality of Products and Services and develop new Products and Services for the benefit of the Participants to the Game Operator may change, suspend or discontinue any aspect of the Products and Services at any time, including the availability of any feature or content. Having the same purpose in mind Operator may also impose limits on certain new and old features of the Products and Services or restrict your access to parts or all of the Products and Services without notice or liability. These measures shall enhance and improve the efficiency and the overall environment of the business Participants do in fiat currency or in digital currency. As a general rule however Operator will inform Participants ahead of changes. Before the introduction of changes of some Products and Services you are free to choose either you keep or sell the Products and Services you purchased that are subject to changes.

III. REGISTRATION AND SECURITY

Registration
If you want to purchase any Products or Services on the Site you will be required to register and set up a personal Account that will be you Profile in the Game (hereinafter "Participant Account"). You are responsible for the accuracy of the information included in your Participant Account. Your Participant Account will be protected in accordance with our Privacy Policy. You are responsible for:
(1) keeping your Participant Account up to date and updating information as necessary; and
(2) maintaining the confidentiality of your Participant Account including all registration information and any passwords assigned to you.
You agree to accept responsibility for all activity that occurs on your Participant Account. You may not:
(1) use a Participant Account of another person with the intent to impersonate that person; or
(2) use a Participant Account to which another person has rights without such person's authorization. Failure to comply with the foregoing shall constitute a breach of this Agreement, which may result in immediate termination of your Participant Account.

Unauthorized Use of Your Participant Account
You are responsible for all usage or activity on your Participant Account, including the use of the Participant Account by any Third party authorized by you to use your password. Any fraudulent, abusive, or otherwise illegal activity may be grounds for termination of your Participant Account and any Memberships and/or Subscriptions, at the sole discretion of Operator. Operator reserves the right to disclose any personal information included in your Participant Account or related to your use of the Site, Products and Services, to Third Parties in the course of investigating abuse of our Products and Services.

Notice of Unauthorized Use of Participant Account
You must notify Operator of any known or suspected unauthorized use(s) of your Personal Account, or any known or suspected breach of security, including loss, theft, or unauthorized disclosure of your password, or any account information. Any breach of security shall be notified to Operator by email immediately at info@7cbit.com.

Children Under 18
Children under the age of 14 are prohibited to purchase Products and Services from the Game. If you are between the age of 14 and 18, you may only purchase Products and Services with the permission of a parent or guardian. Operator reserves the right to refuse service, terminate accounts or cancel orders in its sole discretion when the age limit or parental supervision is not granted.

IV. FEES AND TAXES

Fees
You are responsible to pay all fees and charges incurred through your purchase of any Products and Services at the rates in effect for the billing period in which such fees and charges are incurred. Operator reserves the right in its sole discretion to bill fees and charges to any of the payment methods you have included in your Personal Account. Billing occurs at the time of purchase. Operator does not provide price protection or refunds if the price for particular Products and Services previously purchased by you is lowered or is part of a promotional offer. All Products and Services purchased and/or promotional offerings are non-refundable. In certain cases however refund is possible for Products and Services. For refunds see Registration paragraph below.

Taxes
All fees include applicable taxes in effect at the time of purchase. If tax laws are applicable to purchase realized by Participant or to refund to Participant, in the country where Participant is eligible for taxations, declaration of such revenue or other objects of applicable tax laws shall be made by Participant. Operator is not liable and declines responsibility for any no declared taxes which personal and nontransferable duty falls to Participants of the Game.

V. REGISTRATION

Registration and Subscriptions
If you register to the Game on the one hand Operator will not charge any registration fees nor any subscription fees for any of the Products and Services offered in the Game of the Seventh Continent. If you decide on the other hand to play the Game in real or digital currency you may purchase Products and Services for real or digital currency. For virtual company registration in digital currency you will have to pay a one time subscription fee (called registration fee in the Game) in Bitcoin.
Operator as responsible for the permanent maintenance and operation of the Game reserves the right to change at any time its registration and/or subscription policy and introduce later registration or subscription fees for the protection of Participants virtual business, in order to create new virtual towns or with the intent of enlarging Products and Services opportunities in the Game.

Virtual Bitcoin Account and refund
The virtual "Bitcoin Account" you created in the Game enables you to purchase additional Products and Services while your Registration is valid and chose your payment method at the time of purchase. It is considered a purchase of service or an ordinary purchase of virtual or e-products in a web shop. You may request a partial or a total refund of your funds in digital currency or in USD minus charges that may apply for withdrawing USD (for more details please see Fees and Charges supplement completing this Agreement). You can request a partial refund of available funds on the virtual Bitcoin Account (called Withdrawal of BTC in the Game) only within seven days after your first virtual company has been registered in Bitcoin within the Game. Total refund of available funds on your virtual Bitcoin and/or USD accounts is possible at any time and will not affect your Registration to the Game. No refunds will be issued for virtual company subscription fees (company registration fees), or products and services purchased through your virtual companies in the Game. For any refund, partial or total in USD charges may apply.

Special Offers
In order to allow our Participants to have access to the large variety of virtual business opportunities the Game offers, Operator do occasionally Special Offers for a limited period of time.

VI. METHODS OF PAYMENT

There are no automatic or recurrent charges in the Game. All transactions shall be initiated by the Participants themselves.

Wire transfer
If you elect to pay for Products and Services by wire transfer providing Operators banking partner with your account number you will pay an arbitrary amount you will use in the Game to purchase Products and Services at then-current price. For all wire transfer you shall indicate your e-mail address in order to be identified and funds credited to your virtual USD account.

Credit or Debit Card Payment
If you elect to pay for Products and Services by providing Operators financial service provider (Bank or other e-commerce sites) with a credit or debit card number Operators financial service provider (Bank or other e-commerce sites) will charge the amount you chose directly to your credit or debit card through Operators financial service provider (Bank or other e-commerce sites).

VII. THIRD PARTY PRODUCTS AND SERVICES

Third Parties may offer products and services for sale on the Site and/or via links to Third Party sites. Operator does not warrant, and is not responsible for the products and services offered by Third Parties. Operator does not assume any responsibility or liability for the products and/or services offered by Third Parties. Please be sure to review these Third Parties terms of sale, terms of service and privacy policies prior to purchasing any products and/or services.

VIII. WARRANTIES

THE PRODUCTS AND SERVICES ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. OPERATOR IS NOT RESPONSIBLE FOR ANY FAILURE OF THE PRODUCTS AND SERVICES. THE MATERIALS AVAILABLE ON THE SITE ARE SUBJECT TO CHANGE WITHOUT NOTICE. OPERATOR IS NOT LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY AND/OR INCIDENTAL DAMAGES OF ANY KIND RESULTING FROM YOUR USE OF THE PRODUCTS, SERVICES AND/OR SITE.

IX. MISCELLANEOUS

Choice of Law and Enforcement
This Agreement applies to all purchases of Products and Services and is governed by and construed in accordance with the laws of U.A.E. Any dispute arising between you and Operator will be submitted to binding arbitration in the U.A.E. in accordance with standard rules then in effect for arbitration of commercial disputes, provided that no disputes may be arbitrated on a collective or class action basis. If any portion of this Agreement is deemed invalid or unenforceable that portion will be deemed severable and will not affect the validity or enforceability of this Agreement.

Operator Communication
Operator reserves the right to send you electronic mail regarding billing, administrative, or legal matters relating to the purchase of Products and Services.

Customer Service and Support
If you have any questions regarding this Agreement, or wish to request a cancellation of any Subscription or Membership, you may contact our Customer Service on the Games interface under Contact Us.

Supplement

FEES AND CHARGES

Products and services names:
  • One owner company registration fee is 1 BTC (non refundable)
  • Multiple owner company registration fee 0.5 BTC (non refundable)
  • Robot trader subscription fees are periodical as shown on the website (non refundable)
  • Purchases of virtual and/or digital products and services in the Game (non refundable)
  • Market fee: 0.7% charges apply on all transactions (non refundable)
  • Currency transfer fee: 0.7% charges apply (non refundable)
  • Virtual companies level purchases as indicated on each level (non refundable)
  • Virtual real estate rent or purchase price (non refundable)
  • Purchase of an Island in the Game (non refundable)
  • Refund of BTC is free of charges (refundable)
  • Refund of USD: transfer fees and additional charges of service providers apply (refundable)

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