LEO LION
THE FINE PRINT
FUTURE OF CAPITALISM COMPETITION IV — OFFICIAL RULES AND TERMS OF PARTICIPATION
1. Organizer. The Future of Capitalism Competition IV (the "Competition") is organized by Leo Lion Limited and its affiliates (the "Organizer"). By submitting an application, each applicant (a "Participant") agrees to be bound by these Official Rules and by all decisions of the Organizer, which shall be final and binding in all respects.
2. Nature of the Competition. The Competition is a merit-based business competition judged on skill, and does not constitute a lottery, sweepstakes, or game of chance. No purchase or payment of any kind is required to enter. The Competition shall be conducted in compliance with all applicable federal, state, and local laws and regulations of the United States, including the laws of the State of Texas, and any other applicable jurisdiction.
3. Selection of Finalists. Finalists will be selected and notified on or about 15 December 2026 (the "Finalist Selection Date"). Selection shall be made at the sole and absolute discretion of the Organizer and its designated judging panel. The Organizer reserves the right to modify the Finalist Selection Date upon reasonable notice to Participants.
4. Additional Materials and Due Diligence. As a condition of participation in the final round, each finalist shall, upon request, promptly furnish such additional information, documentation, and materials as the Organizer may reasonably require, including without limitation corporate records, capitalization tables, financial statements, material contracts, and intellectual property documentation. Each finalist further agrees to participate in, and cooperate fully with, a due diligence review conducted by or on behalf of the Organizer prior to the final round. Failure to provide requested materials or to complete the due diligence process to the Organizer's satisfaction may result in disqualification.
5. The Award. The award shall consist of an equity investment of up to US$1,000,000 (the "Investment"), which may, at the Organizer's sole discretion, be allocated among more than one winner. The precise amount, structure, valuation, and terms of any Investment shall be determined by the Organizer and shall be subject to (a) satisfactory completion of due diligence; (b) the negotiation and execution of definitive investment documentation in form and substance satisfactory to the Organizer; and (c) any required regulatory or third-party approvals. Nothing in these Rules shall constitute a binding commitment by the Organizer to make any Investment, and the Organizer reserves the right to decline to make an Investment in any or all winners.
6. No Offer of Securities; Securities Law Compliance. Participation in the Competition does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any Investment, if made, will be effected as a private transaction in reliance upon applicable exemptions from registration under the U.S. Securities Act of 1933, as amended, and applicable state securities ("blue sky") laws. Participants shall not use the Competition, or any presentation made in connection therewith, as a means of general solicitation or general advertising of any securities offering, and shall refrain from presenting specific investment terms, share pricing, or offers of securities to attendees during any public portion of the Competition. Each Participant is solely responsible for its own compliance with applicable securities laws in connection with its participation.
7. Representations of Participants. Each Participant represents and warrants that (a) all information submitted is true, accurate, and complete in all material respects; (b) it holds all rights in the materials submitted and that such materials do not infringe the intellectual property or other rights of any third party; and (c) its participation does not violate any agreement or obligation to which it is subject. Any forward-looking statements made by Participants are made solely by such Participants, and the Organizer assumes no responsibility therefor.
8. Intellectual Property; Confidentiality. Each Participant retains all right, title, and interest in and to its own intellectual property. Participants acknowledge that the Competition includes public elements and that the Organizer cannot guarantee confidentiality of materials presented publicly; Participants are advised not to disclose trade secrets or unprotected proprietary information during public presentations.
9. Taxes. Winners shall be solely responsible for any and all tax obligations arising from receipt of any award or Investment.
10. Publicity. By participating, each Participant grants the Organizer the right to use its name, likeness, logo, and publicly presented materials for promotional purposes in connection with the Competition, without further compensation, except where prohibited by law.
11. Limitation of Liability; Disqualification. The Organizer shall not be liable for any loss or damage arising from participation in the Competition. The Organizer reserves the right to disqualify any Participant, and to modify, suspend, or terminate the Competition, at its sole discretion, including where required by law or where the integrity of the Competition is compromised.
12. Governing Law. These Rules and any dispute arising in connection with the Competition shall be governed by the laws of the State of Texas, without regard to conflict of laws principles, save that any Investment documentation shall be governed by the law specified therein.