2 CIAT ACCELERATOR PROGRAM PARTICIPANT CONSENT FORM CIAT ACCELERATOR

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2 CIAT ACCELERATOR PROGRAM PARTICIPANT CONSENT FORM CIAT ACCELERATOR
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2 CIAT ACCELERATOR PROGRAM PARTICIPANT CONSENT FORM CIAT ACCELERATOR

  1. CIAT Accelerator Program Participant Consent Form

CIAT Accelerator Program Participant Consent Form

The consenting party (the "Participant") is registered to participate in the CIAT Accelerator Program (the "Event") organized by the Cloud Computing & IoT Association in Taiwan (the "Organizer") to ensure that the rules of the competition are indeed known. The Participant agrees to participate in the selection by following the rules below:


  1. The Participant agrees to participate in this Event and abide by the terms of this Consent Form, the rules of the competition, the various announcements and other relevant provisions of the Organizer, and the resolutions of the Organizer. The Participant ensures that all the information provided or completed is correct and accepts the final results of the review. If there is a violation, the Participant agrees that the Organizer has the right to disqualify the Participant or cancel the eligibility of the Participant to receive awards and will cancel the Participant's eligibility to participate in the Event as well as the various rewards obtained.

  2. The Participant must complete the written materials and on-site demo shows required for each stage of the Event according to the times, method, and content specified by the Organizer.

  3. The team representatives and team members of team-based participants are required to be of 20 years of age and have the full capacity to make juridical acts (by the registration deadline). Individual participants shall be the representative of his/her team. Notifications and other meanings and rewards shall be sent by the Organizer and the corporate mentors to the team representative, who shall receive them on behalf of participants with team members.

  4. The Participant guarantees the right to participate in this Event and guarantees that the entry is not copied or plagiarized, has not received any objections from third parties, and does not infringe the rights of others. The Participant also guarantees that if they accept guidance from other units or corporate mentors, subsidies, rewards, or any form of investment during the competition, or participate in other accelerator competitions, they must inform the Organizer and the matchmaking corporate mentor in advance. If the situation described in this provision happens, the Participant shall solve the problem and bear the legal responsibility, which have nothing to do with the Organizer, the advisor, and the corporate mentors of this Event. Any untrue situations or violations of the law that result in the loss of the Organizer or any third party, the Participant is willing to bear all liabilities and participation eligibility, investment contracts, and various rewards received will all be canceled.

  5. During the selection and guidance period of this Event, the Participant must obtain approval from the corporate mentors for the selection of collaborators regarding the content of the competition. Ownership of the intellectual property rights generated during the guidance period shall be agreed upon by the participating teams and the corporate mentors.

  6. If the Participant who wins first place in the Grand Final of this Event is not currently registered as a company, they must set up a company limited by shares or a limited company directly related to the content used to participate in the Event. The registration of the company shall be completed within two months after the Grand Final. After obtaining corporate juridical person status, StarFab will sign a financial advisory contract with the first place winner and help the team to raise NT$10 million free of charge. Moreover, if the champion is a company established within five years (established after January 1, 2015), StarFab will invest an additional NT$1 million to become a shareholder of the emerging team and grow and work together with the team (the winning team has the right to forgo the above awards).

  7. The Participant selected as the first place winner in the Grand Final of this program, during the company's most recent fundraising after the Grand Final, shall give the corporation who guided the startup the stock option to purchase at least 10% of the new shares of the same funding round and sign a letter of investment intent within 3 months after the competition results have been announced. The content of the contract shall be determined by the Participant and the corporate mentor.

  8. The Participant's last capital increase (referring to the situation in which the Participant is already registered as a company when selected), first recruitment, or first fundraising event (in the case of registering as a company in the future) within one year after the end of the Grand Final, shall offer the corporate mentor the pre-emptive right to purchase stock options, and the purchase ratio and other related matters shall be separately negotiated by the corporate mentor and the Participant.

  9. Those who have received software and hardware integration resources from corporate mentors will be able to exchange a small amount of equity for the resources according to the assistance items negotiated with the corporate mentor after the matchmaking; the number shall be negotiated by both parties. Suggestions for guidance resources that can be provided by corporate mentors who assist the teams in software and hardware integration design are as follows:

  1. The Participant agrees that the Organizer may use any personal information and entries provided by the Participant for the publication of the results of this Event, the sharing of experiences, the reporting to government agencies, event promotion, and publication purposes.

  2. The Participant must complete the required written materials and on-site demo shows according to the specified times, method, and content. Violators will be disqualified.

  3. During the guidance period, the participating team may not accept any form of investment without the consent of the corporate mentor; violators will be disqualified from the Grand Final.

  4. During the guidance period, the program execution unit has the right to disqualify the team from the Grand Final after discussing with the corporate mentor if any of the following situations occur: the team is unable to attend the Event, the team cannot cooperate with the corporate mentor, the team is dissolved, the topic is adjusted, and other factors the corporate mentors cannot help with.

  5. The Participant shall exercise the due care of a good administrator and properly maintain the relevant technical information of the Organizer, the advisor, and the corporate mentor made known due to the Event and may not disclose or deliver the technical information to any third party without the written consent.

  6. In course of this Event, if any technical or non-technical problems, or problems that cannot be controlled by the Organizer affect the normal performance of the presentations or Demo Show, the Organizer reserves the right to end, delay, and adjust the rights of the Participant.

  7. In order to meet the fairness and ratings requirements of the competition, the Organizer has the right to request the Participant to provide their detailed original design information and documents when necessary.

  8. The Participant shall be fully aware that the Organizer does not warrant the availability and integrity of any equipment, wiring, and related environment.

  9. The Participant agrees to waive the right to legal prosecution against the Organizer, the advisor, the executing unit, and the corporate mentors for any extensions arising from this Event.

  10. The Organizer reserves the right to amend the relevant provisions of this Event at any time. If any changes are made, those listed on the website (http://accelerator.twcloud.org.tw) of this Event shall prevail without further notice.

  11. In the event of any dispute arising from this Consent Form or this Event, the Participant hereby irrevocably agrees that the Taiwan Taipei District Court shall have jurisdiction and serve as the court of first instance.

To:

Cloud Computing & IoT Association in Taiwan


Party establishing this Consent Form:

Party A (Company):

(Signature and seal)

Representative (Agent):


Name:


Title:


Address:


Uniform Code:



Party A (Team):


Name:

(Signature and seal)

National ID Number:


Telephone:


E-mail address:


Registered Home Address:


Correspondence Address:




Name:

(Signature and seal)

National ID Number:


Telephone:


E-mail address:


Registered Home Address:


Correspondence Address:





Name:

(Signature and seal)

National ID Number:


Telephone:


E-mail address:


Registered Home Address:


Correspondence Address:



(The signature and seal of the consenting party must include all members of the team participating in this Event as listed on the registration form, none shall be omitted)


Date:

7



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Tags: accelerator program, other accelerator, accelerator, program, consent, participant