Mr. Crowd Business Plan Competition Terms & Conditions
- Participation in the Mr. Crowd Business Plan Competition (the “Competition”) by Ksdaq Inc. (“Ksdaq”) means the acceptance of the Rules and Guidelines of the Competition.
- A Participant (the “Participant”) of the Competition will submit a Business Plan (the “Business Plan”) and a Pitch Video (the “Pitch Video”) to Ksdaq through the Competition’s official page (the “Official Page”) at:
https://www.mrcrowd.com/competiton - The Participant must submit the Business Plan and the Pitch Video before the due date set forth on the “Official Page”.
- Ksdaq can at any point in time ask the Participant for clarifications and/or additional information regarding the material submitted.
- Submissions which are incomplete will be deemed void and disqualified from the Competition.
- The Participant, if an individual, must be:
- a natural person;
- a U.S. Resident; and
- at least 18 years old.
The Participant, if a company, must be: - a LLC or Corporation organized under the laws of a state or territory of the United States or the District of Columbia; and
- have at least one of its directors a U.S. resident.
- Ksdaq will review and screen the submissions. 10 Participants will be selected as the Finalist Participants (the “Finalists”).
- Each Finalists will be have a web page (the “Finalist Page”). The Finalist Page will contain The Business Plan and the Pitch Video of the Finalist.
- The top 3 Finalist Pages which receive the highest number of "like" on Facebook will be the Winners (the “Winners”) of the Competition.
- Each of the winners of the Competition, if a company (the “Corporate Winner”), will be awarded an Issuer Agreement (the “Issuer Agreement”) with Mr. Crowd with the opportunity to raise funds on Mr. Crowd in reliance on Regulation Crowdfunding.
If a winner of the Competition is an individual (the “Individual Winner”), to be eligible to raise funds on Mr. Crowd in reliance on Regulation Crowdfunding:
- the Individual Winner must incorporate a new company (the “New Company”) within 30 days after the announcement of the results of the competition; and
- the New Company must be organized under the laws of a state or territory of the United States or the District of Columbia.
- the Individual Winner must own at least 30% of the New Company.
- the Individual Winner must be the director of the New Company.
The “New Company” will be awarded an Issuer Agreement (the “Issuer Agreement”) with Mr. Crowd with the opportunity to raise funds on Mr. Crowd in reliance on Regulation Crowdfunding. - Ksdaq reserves the right of final decision as to whether such Winners are eligible to raise funds on Mr. Crowd. In case of any disputes, Ksdaq reserves the right of final and binding decision.
- Ksdaq reserves the right to amend the terms and the timeline of the competition without prior notification and without assuming any liability.
- The Participant must submitting original work. Plagiarised submission will be disqualified. Ksdaq will not be responsible for any intellectual property disputes.
- The Participant reserves all rights with respect to the Business Plan and the Pitch Video before and after the Competition.
- Non-Confidentiality: The Business Plan and the Pitch Video will be open to the public and can be broadcasted via communication media such as the Internet. Therefore in the event that the Business Plan and the Pitch Video will be discussed or presented in public should be regarded as information that could be made known to the general public and as such the Participant should not consider that they receive rights on the confidentiality of the data or information that were discussed, presented or revealed. Due to the nature of the Competition, Ksdaq is not in a position to ask the personnel involved to agree to or sign confidentiality agreements. Ksdaq is not responsible for limiting the distribution of the Business Plan and the Pitch Video. Ksdaq cannot guarantee that other people will not have access to the Business Plan and the Pitch Video submitted in printed or digital form.
- Copyrights and Permissions: If the Participant uses third party material or images in the Business Plan and the Pitch Video, they should have the approval and permission to use them from the copyright owners of these third party material or images.
- Ksdaq reserves the right to disqualify any Participant who is found to have violated the Terms and Conditions stated herein.
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