Common use of Engagement of Digital Asset Custodian Clause in Contracts

Engagement of Digital Asset Custodian. Zero Hash will hereby hold Participant’s Digital Assets as custodian by contracting with a Wallet Provider, which will provide the technological solution to hold and safeguard Participant’s Digital Assets. Participant hereby engages Zero Hash to act as custodian of its Digital assets. Zero Hash shall at all times, to the extent reasonably practicable, reflect Participant’s ownership over such Digital Assets. Any Participant Digital Asset held in any Participant Account by Zero Hash is owned by, and held for the benefit of, the applicable Participant. Participant is solely responsible for maintaining insurance policies for its Digital Assets. Participant acknowledges and agrees that neither Wallet Provider nor Zero Hash make any promises or warranties (a) with respect to insurance policies carried by Wallet Provider or Zero Hash, or (b) that Participant will be able to make any claims against any insurance policies carried by Wallet Provider or Zero Hash.

Engagement of Digital Asset Custodian. Zero Hash will hereby hold Participant’s Digital Assets as custodian by contracting with a Wallet Provider, which will provide the technological solution to hold and safeguard Participant’s Digital Assets. Participant hereby engages Zero Hash to act as custodian of its Digital assets. Zero Hash shall at all times, to the extent reasonably practicable, reflect Participant’s ownership over such Digital Assets. Any Participant Digital Asset held in any Participant Account by Zero Hash is owned by, and held for the benefit of, the applicable Participant. Participant is solely responsible for maintaining insurance policies for its Digital Assets. Participant acknowledges and agrees that neither Wallet Xxxxxx Provider nor Zero Hash make any promises or warranties (a) with respect to insurance policies carried by Wallet Provider or Zero Hash, or (b) that Participant will be able to make any claims against any insurance policies carried by Wallet Provider or Zero Hash.