Article I - Capital Exchange Disclosure Statement
Capital Exchange Stock Market Simulation Game Terms of Service and Agreement
Article I: Capital Exchange Disclosure Statement
Capital Exchange Stock Market Simulation Game (also referred to as “CapEx” and “Capital Exchange”) is a fictional stock market simulation game operating for entertainment and educational purposes only, and currently exists partially in support of Second Life®, a feature-rich online 3-D virtual world operated and supported by Linden Research, Inc. Capital Exchange (http://www.onlinecapex.com) is not affiliated with Linden Research, Inc. For more information regarding Second Life® please visit (http://www.secondlife.com).
Capital Exchange Stock Market Simulation Game is owned and operated by CapEx Inc. Throughout this document, when referring to “onlinecapex.com”, it is understood that CapEx. Inc. is included in its definition and coverage of legal liability.
To be very clear, Capital Exchange Stock Market Simulation Game is not a real-world stock exchange and does not offer opportunity for direct real-world investment or profit, and is a “game of skill”. Shares purchased on this stock exchange simulation game do not entitle you to any legal rights to a listed virtual company. Please play the game of skill accordingly.
Capital Exchange Stock Market Simulation Game operates independently of the Second Life® game environment, and beyond its boundaries via our website which acts as a clearinghouse for the trading of CapEx-listed "Stocks" and "CapEx Dollars (CD$)" within the game. The underlying game companies are fictitious and none of the companies offer "registered" investment quality securities for sale in any form whatsoever via our website. CapEx Dollars (CD$) used to purchase virtual stock are in essence being transferred to the ownership of the person you are buying the virtual shares from, and not Capital Exchange. All stock and shares purchased are for purely entertainment only, and not considered part/whole ownership in any legal entity or real life company.
The terms "profit" and "earnings" as used within the context of the onlinecapex.com website game, and any claim of monetary value therein, relates solely and specifically to the valuation of $CapEx Dollars as specified in the CapEx Terms of Services.
The CapEx Dollar (CD$) virtual "currency" is a limited license right available for purchase or free distribution at CapEx Inc.’s sole discretion..
CapEx offers direct opportunity for conversion of CapEx Dollars to and from legal tender currencies including $US Dollars through PayPal only (www.paypal.com).
Notwithstanding the warnings herein, CapEx as designed and offered is a serious stock market simulation game. The participants here “play for keeps” and their time and CapEx Dollar (CD$)-based holdings represent a considerable investment in our community.
Your participation here is not without risk. You could lose some or all of your CapEx Dollars (CD$) and/or US Dollars (US$) used within the game. Only invest in Capital Exchange Stock Market Simulation Game what you can afford to lose.
A game CEO retains all liability for game stock issued, until repurchased by the game CEO, unless that liability has been properly transferred according to the Terms of Service and rules of onlinecapex.com . The owner and operator of Capital Exchange Stock Market Simulation Game does not issue "refunds" for game stock lost due to a delisting or other occurrence that results in the loss of stock, or a loss of game stock value for any reason. All users of onlinecapex.com play at their own risk and understand that some or all of their game playing "investments" could be lost.
There are additional policies, rules and Terms of Service for participation as published and amended from time-to-time. Please review and fully understand them before playing.
Finally, the operators of onlinecapex.com make no representation of any kind regarding the accuracy, fitness for purpose, or use of the software residing at onlinecapex.com. Your use of the software in any manner whatsoever shall constitute an understanding and acceptance of this Disclosure Statement and the Terms of Service in its entirety. The individuals who operate the software residing at onlinecapex.com offer no warranty and offer no remedies whatsoever for its use or consequence. You play this stock market simulation game at your own risk.