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17VLT Fund · Ambersoft FZE LLC

Terms and Conditions

Effective Date: June 3, 2026

Governing Law: United Arab Emirates · 17vlt.com/terms

1. Acceptance of Terms

These Terms and Conditions (“Terms”) govern your participation in and use of the 17VLT Fund platform (“Platform”) operated by Ambersoft FZE LLC (“Company,” “we,” or “us”), a Free Zone Entity incorporated under the laws of Ajman Media City Free Zone, UAE, License No. 5037. By applying to, enrolling in, or accessing the Platform, you (“Founder” or “you”) agree to be legally bound by these Terms.

If you do not agree to these Terms, you must not apply to or participate in the Platform.

2. Definitions

  • “Platform” means the 17VLT Fund digital platform, application portal, and associated services operated by the Company.
  • “Founder” means an individual accepted into and participating in the Platform.
  • “Tier” means a progression level within the Platform (Tier 1 through Tier 6) reflecting the Founder’s engagement, revenue performance, and the scope of services provided by the Company.
  • “MCA” means the Master Cooperation Agreement governing the specific commercial relationship between the Company and a Founder, including IP assignment, revenue distribution, and publisher account management terms.
  • “Publisher Account” means an Apple Developer or Google Play Console account held by the Company on behalf of or in connection with a Founder’s mobile application.
  • “IP” means intellectual property, including applications, source code, trademarks, and associated rights.
  • “Confidential Information” means non-public business, technical, or financial information disclosed in connection with the Platform.

3. Eligibility and Application

3.1 Eligibility

To apply to the Platform, you must:

  • Be an individual founder operating or developing a mobile application
  • Be 18 years of age or older
  • Not be subject to any legal, regulatory, or contractual restrictions that would prevent participation
  • Not be on any sanctions list (OFAC, EU, UN, UK, or UAE)
  • Agree to complete KYC verification at the applicable tier

3.2 Application Process

Applications are submitted via the Platform. Submission does not guarantee acceptance. We reserve the right to accept or reject any application at our sole discretion without obligation to provide reasons.

3.3 Representations

By applying, you represent and warrant that:

  • All information provided is true, accurate, and complete
  • You have the legal right to transfer publisher account access and assign IP rights as contemplated by the MCA
  • Your participation will not violate any third-party agreement or applicable law
  • You are the sole or authorised beneficial owner of the application(s) submitted

4. Platform Tiers and Progression

The Platform operates a tiered model. Each Tier unlocks additional services, revenue participation, and obligations. The specific terms applicable to each Tier — including revenue share, IP assignment scope, and company formation support — are set out in the MCA and its Exhibits, which are executed separately. Tier progression is at the Company’s discretion, based on performance metrics and compliance.

5. Publisher Account Management

5.1 Account Transfer

As part of the Platform’s publisher-of-record model, Founders may transfer access to or ownership of their Apple Developer and/or Google Play publisher accounts to the Company, as detailed in the MCA. The Company will manage distribution, updates, and monetisation on behalf of the Founder in accordance with the MCA terms.

5.2 App Store Compliance

The Company and Founder each agree to comply with the applicable terms and policies of Apple and Google. The Founder represents that the application(s) transferred comply with all applicable app store guidelines and applicable law.

6. Intellectual Property

6.1 Ownership of Your IP

You retain full ownership of all intellectual property you created before joining the Platform and all IP you develop independently. Participation alone does not transfer any IP rights to the Company.

6.2 IP Assignment under MCA

At applicable tiers, you may assign specific IP rights to the Company pursuant to the MCA’s Exhibit A (IP Assignment Deed). The scope, consideration, and conditions of such assignment are governed exclusively by the MCA and Exhibit A. Nothing in these Terms constitutes or implies an IP assignment absent a separately executed MCA.

6.3 Platform Materials

All frameworks, tools, templates, and materials provided by the Company remain our exclusive property. You are granted a limited, non-exclusive, non-transferable licence to use them solely in connection with your Platform participation.

6.4 Portfolio and Promotional Rights

You grant us a non-exclusive, royalty-free licence to reference your name, app name, and a brief description of your project for portfolio listings, investor communications, and press releases. You may revoke this licence with 30 days written notice, except where already published.

7. Payments and Revenue

Revenue distributions, payment schedules, and the applicable revenue share percentage are governed exclusively by the MCA. The Company acts as seller of record for App Store and payment platform transactions. Distributions to Founders are made in accordance with the payment terms in the MCA. The Company is not obligated to guarantee minimum revenue or distributions.

8. KYC and Compliance

Founders must complete identity verification at the tier specified in the MCA. The Company reserves the right to suspend or terminate Platform access pending completion of required KYC/AML checks. Founders must promptly notify the Company of any material change to their identity, beneficial ownership, or sanctions status.

9. Confidentiality

9.1 Your Obligations

You will have access to Confidential Information about the Company, the Platform’s methodology, and potentially other Founders. You agree to keep all Confidential Information strictly confidential, use it only for Platform participation purposes, and not disclose it to any third party without prior written consent.

9.2 Our Obligations

We will treat your application materials, business data, and MCA terms as confidential and will not disclose them to third parties without your consent, except to service providers and regulatory authorities as required.

9.3 Relationship to Separate NDA

These Terms are supplemented by any separately executed Non-Disclosure Agreement. In the event of conflict, the NDA prevails.

10. Acceptable Use

Founders must not:

  • Misrepresent ownership, revenue, or technical details of submitted applications
  • Submit applications that violate app store guidelines, third-party IP rights, or applicable law
  • Attempt to circumvent the publisher account management or revenue distribution mechanisms
  • Use the Platform for any unlawful purpose, including money laundering or sanctions evasion
  • Interfere with the technical operation of the Platform

11. Suspension and Termination

11.1 By the Company

We reserve the right to suspend or terminate Platform access at any time for: material breach of these Terms or the MCA; misrepresentation; failure to complete KYC; sanctions match; conduct detrimental to the Platform; or failure to meet applicable tier obligations.

11.2 By the Founder

You may terminate your participation by written notice. Termination does not affect obligations accrued under an executed MCA, including IP assignment and revenue distribution terms, which survive termination per the MCA.

12. Limitation of Liability

To the maximum extent permitted by UAE law, the Company shall not be liable for: any indirect, incidental, or consequential damages; loss of revenue, data, or business opportunity; actions of app store platforms (Apple, Google); or interruption due to events outside our reasonable control. Our total liability to you shall not exceed amounts actually distributed to you under the MCA in the three (3) months preceding the claim.

13. Indemnification

You agree to indemnify and hold harmless the Company from any claims, damages, or expenses (including legal fees) arising from: your breach of these Terms or the MCA; your violation of applicable law; infringement of any third-party rights by your application or IP; or your negligence or wilful misconduct.

14. Dispute Resolution

14.1 Governing Law

These Terms are governed by and construed in accordance with the laws of the United Arab Emirates and the regulations of the Ajman Media City Free Zone.

14.2 Amicable Resolution

The parties agree to first attempt resolution through good-faith negotiation within 30 days of written notice of a dispute.

14.3 Arbitration

If amicable resolution fails, disputes shall be referred to and finally resolved by arbitration under the rules of the Dubai International Arbitration Centre (DIAC), with the seat of arbitration in Dubai, UAE. The language of arbitration shall be English.

15. General Provisions

  • Entire Agreement: These Terms, together with the MCA and its Exhibits, constitute the entire agreement between us regarding Platform participation.
  • Amendments: We may update these Terms with 14 days written notice. Continued use constitutes acceptance.
  • Severability: If any provision is found unenforceable, the remaining provisions continue in full force.
  • Waiver: Failure to enforce any right does not constitute a waiver.
  • Assignment: You may not assign your rights under these Terms without our prior written consent.
  • Force Majeure: Neither party is liable for delays caused by circumstances beyond reasonable control, including app store platform policy changes.

16. Contact

For questions about these Terms:

17VLT Fund — Ambersoft FZE LLC

BLA-SP1-39, AMC Boulevard-A Building, Ajman Media City, UAE

Email: legal@17vlt.com

Website: 17vlt.com

17VLT Fund — Ambersoft FZE LLC · Terms and Conditions · June 3, 2026 · 17vlt.com

Terms and Conditions — 17VLT