VELOX — TERMS OF USE

Last Updated: August 26, 2026

These Terms of Use (“Terms”) govern your access to and use of the Velox website, platform, digital collectibles, products, services, features and related experiences (collectively, “Velox” or the “Platform”).

Velox is operated by [COMPANY LEGAL NAME], a company organized and existing under the laws of the Republic of El Salvador (“Company,” “we,” “us,” or “our”).

By accessing or using Velox, creating an account, purchasing or receiving a Velox collectible, or otherwise using any Velox service, you agree to these Terms.

If you do not agree to these Terms, you must not use Velox.

1. ABOUT VELOX

Velox is a digital collectibles and utility platform focused on motorsports, sports, entertainment, creators, personalities, historical moments, communities and related experiences.

Velox collectibles may incorporate digital artwork, images, designs, statistics, information, membership rights, access rights, promotional benefits, community features and other digital functionality.

Certain Velox collectibles may also interact with or unlock features within other platforms operated by the Company, including PickMaster.

The characteristics and benefits associated with each Velox collectible will be described on the applicable product, collection or pack page.

2. VELOX COLLECTIBLES

A Velox collectible is a digital collectible issued, distributed or otherwise made available through Velox.

Velox collectibles are intended primarily for:

collecting;
entertainment;
digital ownership and provenance;
community participation;
access to content or experiences;
unlocking Platform functionality; and
other utilities expressly described by Velox.

Possession of a Velox collectible does not by itself grant its holder ownership of any intellectual property displayed or represented by that collectible.

3. DIGITAL ASSET TECHNOLOGY

Velox may use distributed ledger technology, blockchain, tokenization or similar technology to establish or record characteristics such as authenticity, ownership, scarcity, provenance or transferability.

Depending on their legal and technological characteristics, certain Velox collectibles or activities may be considered digital assets or digital asset services under the laws of El Salvador.

Where registration, authorization, disclosure or other compliance with the Comisión Nacional de Activos Digitales (“CNAD”) or another competent authority is required, the Company will operate the applicable activity subject to such requirements.

Nothing in these Terms should be interpreted as representing that a particular Velox collectible is exempt from regulation when applicable law provides otherwise.

4. NOT A SECURITY OR INVESTMENT PRODUCT

Unless expressly identified otherwise in legally required offering documentation, Velox collectibles are offered as collectibles and utility products and not as traditional securities, shares, debt instruments or ownership interests in the Company.

Purchasing or possessing a Velox collectible does not grant:

equity in the Company;
voting rights in the Company;
dividends;
interest;
rights to Company profits;
ownership of Company assets; or
any guaranteed financial return.

Velox does not guarantee that any collectible will increase in value.

You should not acquire a Velox collectible based on an expectation of profit, appreciation or financial return.

5. VALUE AND LIQUIDITY

The market value, perceived value or resale value of a Velox collectible may fluctuate substantially.

A collectible may have no secondary market whatsoever.

The Company does not guarantee:

liquidity;
resale availability;
resale price;
future demand;
continued transferability; or
appreciation in value.

6. PACKS AND RANDOMIZED CONTENT

Velox may offer packs containing one or more collectibles.

Where expressly disclosed, the specific collectibles contained in a pack may be allocated randomly.

Purchasing a pack does not guarantee receipt of a specific driver, creator, team, collectible, rarity, design or other characteristic unless expressly stated.

Before purchase, Velox will provide the information regarding the product reasonably required by applicable consumer-protection law.

7. FUNCTIONALITY AND BENEFITS

Certain Velox collectibles may provide additional functionality, including:

access to exclusive communities;
PickMaster-related functionality;
creator communities;
priority access to new collections;
exclusive digital releases;
promotional benefits;
membership privileges;
digital content;
event-related experiences; or
other benefits identified by Velox.

Benefits may be subject to separate terms, eligibility criteria, geographical restrictions, expiration periods or availability.

8. FOUNDERS CLUB

Certain designated Velox collectibles may grant Founders Club membership.

Founders Club benefits may include priority access, exclusive collectibles, special releases, Platform privileges and other benefits communicated by Velox.

Where a benefit is described as “lifetime,” “permanent” or similar, such description means for the duration of the applicable Velox program, subject to applicable law, licensing arrangements, technological feasibility and the continued operation of the relevant service.

9. ACCOUNTS

Certain functions require a Velox account.

You agree to:

provide accurate and current information;
keep your credentials confidential;
maintain only accounts legitimately belonging to you; and
promptly notify us of suspected unauthorized access.

We may require reasonable verification of identity, age, residency or other information where required for regulatory, anti-fraud, sanctions, tax or security purposes.

10. AGE REQUIREMENT

Unless we expressly provide otherwise, users must be at least 18 years old to purchase Velox products or create an account with transactional functionality.

Additional age restrictions may apply in particular jurisdictions.

11. PRICES AND PAYMENTS

Prices and applicable charges will be disclosed before completion of a transaction.

The user authorizes the Company and its authorized payment processors to collect the amount displayed at checkout.

The holder of the payment method should be the person authorizing the transaction.

Applicable taxes, transaction charges or other costs will be disclosed as required by law.

12. ELECTRONIC COMMERCE AND CONSUMER RIGHTS

The Company intends to comply with applicable provisions of the laws of El Salvador governing electronic commerce and consumer protection.

Nothing in these Terms waives or limits consumer rights that are mandatory under applicable law.

Where applicable, Velox will provide consumers with information regarding:

the identity of the supplier;
product characteristics;
prices and additional charges;
payment methods;
delivery or digital fulfillment;
applicable warranties;
withdrawal rights where legally applicable;
payment reversal rights where legally applicable; and
procedures for complaints and inquiries.

13. REFUNDS AND PAYMENT REVERSALS

Because Velox products may consist of digital collectibles delivered immediately or shortly after purchase, specific refund conditions may depend on the circumstances of the transaction.

Nothing in these Terms limits rights to payment reversal, refund or other remedies that consumers possess under mandatory Salvadoran consumer-protection law.

Separate purchase and refund rules may apply and will form part of these Terms where expressly incorporated.

14. TRANSFERS

Certain Velox collectibles may be transferable.

Transferability may depend on:

Platform functionality;
blockchain functionality;
licensing agreements;
applicable law;
jurisdiction;
technical compatibility; or
other restrictions.

The Company does not guarantee that all Velox collectibles will remain transferable indefinitely.

15. SECONDARY MARKETS

Velox may support or permit access to secondary-market functionality.

Unless expressly operated by the Company, third-party marketplaces are independent services governed by their own terms.

The Company does not guarantee that any market will exist for a Velox collectible.

16. INTELLECTUAL PROPERTY

Velox branding, software, interfaces, original artwork, designs, graphics and proprietary materials are owned by or licensed to the Company.

Third-party trademarks, images, names, likenesses, photographs and other intellectual property remain the property of their respective owners.

Acquiring a Velox collectible transfers only the rights expressly associated with that collectible.

It does not transfer copyright, trademark or other underlying intellectual-property rights unless expressly stated.

17. LICENSED COLLECTIONS

Certain collections may be created pursuant to agreements with athletes, creators, teams, organizations, estates, artists, licensors or other rights holders.

Officially licensed collections will be identified where appropriate.

The existence of an unlicensed or original Velox product must not be interpreted as an indication of affiliation, sponsorship or endorsement by any third party.

18. MOTORSPORT DISCLAIMER

Unless expressly stated in connection with a licensed product, the Company, Velox and PickMaster are independent businesses and are not affiliated with, sponsored by, endorsed by or officially connected with Formula 1, the FIA, Formula One Management, Formula One Licensing, any Formula One team, driver or other motorsport rights holder.

All third-party trademarks and intellectual property belong to their respective owners.

19. PICKMASTER INTEGRATION

Velox collectibles may interact with PickMaster.

A Velox collectible may serve, among other things, as:

a user interface for predictions;
a community identifier;
an access key;
a digital representation used within a challenge;
a membership credential; or
another functionality described by the Platforms.

A purchase through Velox is consideration for the applicable Velox collectible, content, access rights or functionality.

A payment to acquire a Velox collectible does not constitute a sports wager or a stake placed through PickMaster.

The eligibility requirements applicable to any prize-bearing PickMaster contest are governed by PickMaster’s Terms and the Official Rules for the applicable contest.

20. PROHIBITED ACTIVITIES

Users may not:

engage in unlawful activity;
commit fraud;
manipulate pack allocation systems;
compromise another user’s account;
interfere with Platform security;
use unauthorized bots or automation;
exploit technical vulnerabilities;
evade lawful geographic restrictions;
engage in money laundering;
use the Platform to violate sanctions; or
otherwise misuse Velox.

21. SUSPENSION

We may suspend or restrict an account where reasonably necessary to:

protect users;
investigate suspected fraud;
protect Platform integrity;
comply with law;
respond to regulatory requirements; or
address a material violation of these Terms.

22. THIRD-PARTY SERVICES

Velox may interact with payment processors, blockchain networks, wallets, identity providers, marketplaces or other independent services.

The Company is not responsible for independent third-party services beyond what applicable law requires.

23. AVAILABILITY

We do not guarantee uninterrupted Platform operation.

Velox may experience interruptions resulting from maintenance, technology providers, blockchain networks, telecommunications, cybersecurity incidents, force majeure or other circumstances.

24. NO FINANCIAL ADVICE

Nothing communicated through Velox constitutes investment, financial, legal or tax advice.

Users remain responsible for assessing the legal and tax consequences of their transactions.

25. LIMITATION OF LIABILITY

To the maximum extent permitted by applicable law, the Company will not be liable for indirect, incidental, special or consequential damages arising from use of the Platform.

This provision does not exclude or limit liability that cannot legally be excluded or restricted under Salvadoran law or other mandatory law applicable to the consumer.

26. CHANGES

We may amend these Terms where reasonably necessary to reflect:

changes in law;
regulatory requirements;
changes in Platform functionality;
technological developments;
licensing requirements; or
operational changes.

Material amendments will be communicated through reasonable means.

27. GOVERNING LAW

These Terms shall be governed by and interpreted in accordance with the laws of the Republic of El Salvador, without prejudice to mandatory consumer-protection rights that may apply to users in other jurisdictions.

28. JURISDICTION

Subject to mandatory laws applicable to a consumer’s place of residence, disputes arising out of these Terms or Velox shall be submitted to the competent courts and authorities of the Republic of El Salvador.

Nothing in this clause deprives consumers of rights that cannot legally be waived.

29. ENTIRE AGREEMENT

These Terms, the Privacy Policy, Purchase and Refund Policy and any additional terms expressly incorporated into them constitute the agreement governing use of Velox.

30. OPERATOR AND CONTACT INFORMATION

Velox is operated by:

[COMPANY LEGAL NAME] A company organized under the laws of the Republic of El Salvador NIT: [●] Registered Address: [●] Telephone: [●] Email: [●]

Consumer inquiries and complaints may be submitted using the contact information above.