Public offer

1.1. This Public Offer (hereinafter referred to as the "Offer") establishes the procedure, terms, rights, and obligations related to the use of services provided through the Envast Platform.

1.2. The Offer is drafted in accordance with the Civil Code of the Republic of Uzbekistan and applicable legislation and constitutes a public offer.

1.3. Registration on the Platform, creation of a Personal Account, making an investment, or using any functionality of the Platform shall constitute the User’s full and unconditional acceptance of this Offer.

1.4. Upon acceptance of this Offer, the User undertakes to comply with all its terms and conditions.

1.5. The Platform may only be used by persons who agree to the terms and conditions of this Offer.

1.6. The Platform operates in accordance with the legislation of the Republic of Uzbekistan.

3.1. The Platform provides Users with information regarding investment projects.

3.2. The Platform enables Users to review, analyze, and participate in investment projects.

3.3. Project documentation, financial indicators, investment terms, and other relevant information may be published on the Platform.

3.4. The Platform may provide investment market news, analytical materials, reviews, and other informational content.

3.5. Information published on the Platform does not constitute investment advice, financial recommendations, or a guarantee of profit.

3.6. The User independently decides whether to make an investment.

4.1. To fully access and use the Platform, the User must complete the registration process.

4.2. The User shall provide accurate, complete, and up-to-date information during registration.

4.3. Envast reserves the right to request additional documents and information for identification purposes.

4.4. In the event that false, inaccurate, or misleading information is provided, the Platform may temporarily restrict or permanently terminate the User’s account.

4.5. The User is solely responsible for maintaining the confidentiality and security of their account credentials.

5.1. The Platform complies with applicable legislation aimed at preventing money laundering (AML), terrorist financing, and other unlawful financial activities.

5.2. The Platform may request identification documents, proof of source of funds, and other information necessary to conduct verification procedures.

5.3. Where suspicious transactions are detected, the Platform reserves the right to temporarily suspend such transactions.

5.4. Where required by law, information may be disclosed to competent governmental authorities.

6.1. The Investor independently reviews the Projects published on the Platform and makes investment decisions at their own discretion.

6.2. The investment amount, minimum investment threshold, project duration, expected return rate, and other relevant terms shall be specified in the description of each Project.

6.3. Investment funds shall be allocated in accordance with the terms of the respective Project.

6.4. By making an Investment, the Investor confirms that they have reviewed the Project documentation, understand the associated risks, and accept such risks.

6.5. The Platform shall not be liable for the Investor’s decision to invest.

7.1. Projects offered through the Platform may be structured as limited partnerships or other partnership arrangements permitted by applicable law.

7.2. An Investor may acquire a participation interest in a Project in accordance with the terms of the relevant investment offering.

7.3. The rights, obligations, and participation interest of an Investor shall be determined by the relevant Project documentation.

7.4. The Investor may not directly participate in the operational management of a Project.

7.5. Project management shall be carried out by an authorized manager, project operator, or other person designated under the Project terms.

8.1. Profits generated from a Project may be distributed among Investors in accordance with the terms of the relevant Project.

8.2. Dividends shall be calculated proportionally to the Investor’s Share.

8.3. Projected dividends, return indicators, financial calculations, and other information published on the Platform are provided for informational purposes only and are estimates in nature.

8.4. Dividend amounts may vary depending on Project performance, market conditions, economic factors, and other circumstances.

8.5. The Platform does not guarantee the payment, amount, frequency, or receipt of dividends.

8.6. Past performance is not indicative of and does not guarantee future results.

9.1. Investment activities involve a certain degree of risk.

9.2. The Investor acknowledges and accepts the risk of partial or total loss of invested funds.

9.3. Potential risks include, but are not limited to:

• Market Risk;
• Liquidity Risk;
• Construction Risk;
• Economic Risks;
• Inflation Risk;
• Legal Risks;
• Tax Risks;
• Currency Risks;
• Technical and Operational Risks;
• Other unforeseen risks.

9.4. The Platform does not guarantee profitability, return of invested funds, or achievement of expected financial results.

10.1. Investment payments are made voluntarily and at the Investor’s own initiative.

10.2. The procedure for the return of funds shall be determined by the terms of each individual Project.

10.3. For certain Projects, early withdrawal or return of invested funds prior to the end of the investment period may not be available.

10.4. The Platform does not guarantee the possibility of early return of invested funds.

10.5. All payments, transfers, and financial transactions shall be recorded and maintained electronically.

11.1. The Investor shall be solely responsible for fulfilling any tax obligations arising from their investment activities.

11.2. Where required by law, the Platform may act as a tax agent.

11.3. Changes in tax legislation may affect the Investor’s income and investment returns.

12.1. Documents executed electronically through the Platform may have the same legal effect as paper-based documents where permitted by applicable law.

12.2. The User acknowledges that all electronic actions performed through the Platform are carried out voluntarily and shall be deemed to have been performed by the User personally.

12.3. Electronic consent, electronic confirmations, electronic documents, and electronic notifications shall have legal validity where recognized by applicable law.

12.4. All actions and transactions conducted through the Platform may be recorded through electronic logs, information systems, and other technical means.

13.1. The User’s personal data shall be processed in accordance with the legislation of the Republic of Uzbekistan and the Platform’s Privacy Policy.

13.2. By registering on the Platform, the User consents to the collection, storage, processing, and use of their personal data to the extent necessary for the provision of services.

13.3. The Platform shall implement the necessary organizational, technical, and legal measures to protect Users’ personal data against unauthorized access, loss, alteration, disclosure, or destruction.

13.4. The Platform shall not disclose Users’ personal data to third parties, except as required by applicable law or as provided for in this Offer.

13.5. The User shall be responsible for the accuracy and relevance of the information provided.

14.1. All materials available on the Platform, including but not limited to texts, graphic elements, logos, trademarks, software, designs, photographs, videos, and other intellectual property objects, are owned by Envast or the respective rights holders.

14.2. Any use of such materials without the prior written consent of the rights holder is prohibited.

14.3. Copying, distribution, publication, modification, adaptation, commercial exploitation, or any other use of the Platform’s materials without proper authorization is strictly prohibited.

14.4. Violation of intellectual property rights may result in liability in accordance with the legislation of the Republic of Uzbekistan.

15.1. The Platform reserves the right to temporarily restrict access to or permanently suspend a User’s account in the following cases:

• provision of false or misleading information;
• violation of applicable laws;
• detection of fraudulent activities or attempted fraud;
• infringement of third-party rights or legitimate interests;
• failure to comply with KYC and AML requirements;
• threats to the security of the Platform or its Users;
• use of the Platform for unlawful purposes.

15.2. To restore access, the Platform may request additional documents, information, or identity verification from the User.

15.3. Account suspension shall not release the User from obligations previously undertaken.

15.4. The Platform may refuse re-registration of a User whose account was suspended due to material violations of this Offer.

16.1. The Platform does not guarantee the profitability of investment projects and shall not be liable for their economic performance.

16.2. The Platform does not guarantee any income, dividends, preservation of invested funds, or achievement of expected financial results.

16.3. All investment decisions are made independently by the User and at the User’s own risk.

16.4. The Platform shall not be liable for any losses arising from:

• changes in market conditions;
• actions or omissions of third parties;
• changes in legislation;
• technical failures beyond the Platform’s reasonable control;
• actions of governmental authorities;
• force majeure events.

16.5. The Platform shall not be responsible for temporary interruptions in the operation of internet networks, banking systems, payment services, telecommunications providers, or other external services.

16.6. In all cases, the Platform’s liability shall be limited to the maximum extent permitted by applicable law.

17.1. The Parties shall be released from liability for the total or partial failure to perform their obligations if such failure results from Force Majeure circumstances.

17.2. Force Majeure circumstances include, but are not limited to:

• natural disasters;
• earthquakes;
• floods;
• fires;
• epidemics and pandemics;
• military actions;
• terrorist acts;
• civil unrest;
• decisions of governmental authorities;
• large-scale failures of telecommunications and information systems;
• any other circumstances beyond the reasonable control of the Parties.

17.3. During the existence of Force Majeure circumstances, the time for performance of obligations shall be extended for the duration of such circumstances.

18.1. Any disputes or disagreements arising out of or in connection with this Offer shall first be resolved through negotiations.

18.2. The User may submit claims or complaints through the Platform’s official communication channels.

18.3. The period for reviewing and responding to claims shall be determined in accordance with the Platform’s internal procedures and applicable legislation.

18.4. If the Parties fail to reach an agreement, the dispute shall be resolved in accordance with the laws of the Republic of Uzbekistan by a court of competent jurisdiction.

18.5. The laws of the Republic of Uzbekistan shall govern the relationship between the Parties.

19.1. Envast reserves the right to amend or supplement this Offer at any time unilaterally.

19.2. The current version of the Offer shall be published on the Platform and shall become effective upon publication unless otherwise specified.

19.3. Continued use of the Platform after publication of an updated version of the Offer shall constitute acceptance of such amendments by the User.

19.4. The User is responsible for reviewing the current version of the Offer periodically.

20.1. Use of the Platform constitutes the User’s full and unconditional acceptance of all terms and conditions of this Offer.

20.2. If any provision of this Offer is declared invalid or unenforceable, the remaining provisions shall remain in full force and effect.

20.3. This Offer is an electronic document and may have the same legal effect as a paper document where permitted by applicable law.

20.4. The User confirms that they have read this Offer, understand its content and legal consequences, and fully agree to all of its terms and conditions.

20.5. This Offer shall enter into force upon its publication on the Platform and shall remain valid indefinitely until revoked or replaced by a new version.