Terms and conditions of the “2 KEY” promotion

  1. GENERAL PROVISIONS

1.1 These Rules of conducting “2 KEY” Promotion (hereinafter referred to as “Rules”) are developed in accordance with the Civil Code of the Republic of Uzbekistan and determine terms of conducting “2 KEY” Promotion (hereinafter referred to as Promotion), procedure of determination of its participants and implementation of other actions specified herein.

1.2 The Promotion is not a lottery or any other game based on risk.

1.3 Participation in the Promotion is optional.

1.4. The Organizer of the Promotion is “Minerva World of Knowledge” LLC, a legal entity established in accordance with the legislation of the Republic of Uzbekistan, and registered at the address: Tashkent City, Mirabad District, Mekhrjon Street, 8. The Organizer is the Developer of the complex “Minerva City”, being constructed at the address: Tashkent, Yangihayot District, Uzgarysh village, Alisher Navoi Massif (hereinafter – the Complex “Minerva City”).

1.5. These Rules shall be published on the official website of the Organizer https://minervacity.uz/. Any changes and additions to these Rules may be made by the Organizer unilaterally without prior and other notice to others.

 

  1. TERMS OF THE PROMOTION. POTENTIAL PARTICIPANTS
    AND PARTICIPANTS OF THE PROMOTION

2.1 Period of the Promotion: starting from 27 December, 2021 till February, 2022 inclusive (hereinafter referred to as “the Promotion Period”).

2.2 Any adult and legally capable individual or legal entity entitled to perform the actions specified in these Rules and necessary to acquire the status of a Participant in the Promotion (hereinafter referred to as the “Potential Participant”) may participate in the Promotion.

2.3 Potential participants may acquire the status of “Participant of the Promotion” subject to their fulfillment of the conditions of participation in the Promotion as set forth in Section 3 of these Rules.

2.4 Performing all actions specified in clause 3.1 of these Rules implies full consent of Potential Participants and/or Participants of the Promotion to these Rules.

 

  1. CONDITIONS OF PARTICIPATION IN THE PROMOTION

3.1 To become a Participant of the Promotion the Potential Participant must perform all of the following actions during the Promotion Period:

  • to get a preliminary consultation about the conditions of the Promotion and participation in the construction of the complex “Minerva City” by calling the short number of the Organizer’s sales department: 1145;
  • to visit the Organizer’s sales department, located at Tashkent, Yangihayot District, Uzgarysh village, Alisher Navoi Massif, in order to receive comprehensive information about the conditions of the Promotion and equity participation in the construction of the complex “Minerva City”;
  • to select the construction object in buildings (lots) A10 , A 11 , A 12 & A13 of the complex “Minerva City” – one of the three-room (3) room apartment (total area of 87,9 sq. m., or 104,9 sq. m., or 114,9 sq. m.) (hereinafter – the Object), in the equity construction of which the “Potential Participant” has the desire and opportunity to participate. When selecting the Object the “Potential Participant” must take into account that in accordance with paragraphs. 4.9. of these rules the structure of prizes for Participants of the action changes depending on the area of the chosen Object;
  • study in detail the submitted draft of the equity participation in the construction agreement of the selected construction object. In case of full, unconditional and absolute agreement with all conditions of the submitted draft of the equity participation in the construction agreement – to conclude it on its own behalf by signing and/or performing other actions specified in the equity participation in construction agreement (hereinafter – the Equity Participation in Construction Agreement).
  • during the Promotion Period, pay an amount of not less than 50% of the total amount of Equity Participation Agreement to be entitled & eligible for participation in the Promotion under the relevant Equity Participation in Construction Agreement concluded with the Organizer;
  • notify in writing the employees of the sales department of the Organizer of the successful completion of the actions specified in paragraphs. 3.1.1 – 3.1.5 of these Rules and about their intention to exercise the right of the Participant of the Promotion, specified in section 4 of these Rules.
  • not to commit a violation of other conditions of the Equity Participation in the Construction Agreement signed with the Organizer.

3.2 To acquire the status of “Participant”, the Potential Participant must fulfill all the conditions specified in paragraph 3.1 of these Rules. Upon proper fulfillment of all conditions, the Potential Participant automatically acquires the status of “Participant of the Promotion”.

3.3 If any of the conditions specified in clause 3.1 of these Rules are not performed, the Potential Participant shall be deemed not to have fulfilled the conditions of the Promotion and, accordingly, shall not acquire the status of “Promotion Participant”.

3.4 Control over the fulfillment of all conditions by Potential participants is carried out by authorized employees of the Organizer’s sales department.

3.5 In case any of actions specified in p. 3.1. of these Rules is not fulfilled, a Potential Participant shall be deemed not to have fulfilled conditions of the Promotion and, respectively, shall not get the status of “Participant of the Promotion”. It is also not possible to acquire the status of “Participant of the Promotion” by a person, who has concluded an Equity Participation in the Construction Agreement prior to the Promotion Period or who has concluded an Equity Participation in the Construction Agreement with regard to any other object not specified in clause 3.1.3. of these Rules.

3.6 Compliance with all conditions of the Potential Participants shall be monitored by authorized employees of the Organizer’s sales department.

 

  1. RIGHTS OF PROMOTION PARTICIPANTS AND THE ORGANIZER. RESPONSIBILITIES

4.1. The persons who have fulfilled all conditions specified in point 3.1 of these rules, get the status of “Participant of the Promotion” and are entitled to receive from the Organizer relevant prizes and privileges specified in clauses 4.9. of these rules, based on the certificate of “Participant of the Promotion” (hereinafter – Certificate).

4.2 The certificate confirms the right of the Participant of the Promotion to receive the relevant prizes and privileges. The certificate is issued by the sales department of the Organizer, specified in clause 3.1.2 of these Rules, at the first request of the persons who received such status in the order specified in clause 3.2 of these Rules.

4.3. The use of the Certificate under these Rules is to be understood as its presentation to the Organizer in order to receive the relevant prizes specified in these Rules.

4.4. The Certificate can be used within 6 (six) calendar months from the date of its issue by the Organizer, to the Participant of the Promotion (hereinafter – Certificate validity period). Any Certificate not presented to the Organizer within the Certificate validity period, in order to obtain the corresponding prizes, is deemed invalid and cannot be used in the future. Any application / Promotion for obtaining prizes after the expiry of the Certificate validity period is subject to denial.

4.5. Participants of the Promotion may at any time waive their rights specified in Section 4 of these Rules by sending a corresponding written notice to the Organizer.

 

 

4.6. The Certificate may be used only once in respect of the object specified in the corresponding Certificate by (1) a party to the Equity Participation in the Construction Agreement and specified in the Certificate itself as a Participant in the Promotion, (2) its attorney acting under a power of attorney issued in accordance with legal requirements, or (3) its heir/legal successor. Assignment of the right of claim under the Certificate issued by the Organizer is not allowed.

4.6. The Certificate shall normally state:

4.7.1. unique number of the Certificate. When issuing a duplicate Certificate, the duplicate number is stamped new in a sequence and must not repeat the numbers of the original Certificate;

4.7.2. date of issue of the Certificate;

4.7.3. surname, first name and patronymic of an individual or name of a legal entity – Participant of the Promotion;

4.7.4. details of the Equity Participation in the Construction Agreement under which the Participant of the Promotion has performed actions required to get the status of “Participant of the Promotion”;

4.7.5. information on the Object – lot, floor, apartment with indication of its area;

4.7.6. information about prizes to be transferred based on the Certificate;

4.7.7. information on payment of the prepayment amount in the amount, manner and terms stipulated by the relevant Equity Participation in the Construction Agreement;

4.7.8. indication of the Certificate validity period;

4.7.9. a reminder of the limitations specified in paragraphs 4.4. – 4.6. of these Rules;

4.7.10. the signature of a responsible employee of the Organizer authorized to issue such Certificate, and the stamp of the Organizer.

4.8. When using the Certificate, the person concerned must present a passport or other document proving his/her identity. If this person is an attorney or an heir of a Participant of the Promotion, he/she additionally presents a document confirming his/her authority to receive relevant prizes.

4.9 Composition of Prizes and Privileges (hereinafter referred to as “Prizes”) to be transferred under the Certificate depends on the area of the Object selected by the Participant of the Promotion:

4.9.1. If a Participant of the Action chooses a three-room apartment with a total area of 87.9 sq. m. the Participant of the Promotion is entitled to receive a CHEVROLET SPARK AUTOMATIC in new condition;

4.9.2. If a Participant chooses a three-room apartment with total area of 104,9 sq. m. or 114,9 sq. m. the Participant of the Action has the right to receive CHEVROLET COBALT AUTOMATIC in a new condition.

4.10. When an authorized person uses the Certificate and successfully passes the identity check, the Organizer transfers the Prizes to be transferred in accordance with the Clauses 4.9. of these Rules, and the relevant documents for them on the basis of the Acceptance Act and the notarized Agreement of Free Transfer of Prizes, to be signed by the authorized persons on both sides and stamped, if any. Upon signing of the Acceptance Act, the risk of accidental loss of the Prizes and responsibility for their performance will be fully transferred to the Participant of the Promotion.

4.11. In the event that at the time of claiming the Prizes there are no goods on the market that correspond to the characteristics specified in these Rules, the Organizer has the right to unilaterally purchase goods of other characteristics, as similar as possible to those specified in these Rules or reduce the obligations of the Participant of the Promotion to the Organizer under the Equity Participation in Construction Agreement for the amount of the purchase of the Prize.

4.12. The Organizer does not undertake to pay any expenses related to state registration and notarization of transactions for the transfer of the Prizes, tax obligations of the Participants of the Promotion, technical maintenance, technical support and other services related to the transferred Prizes.

4.13. The Organizer does not provide any warranty regarding the quality of the Prizes and their performance. Any claims, lawsuits, demands to eliminate failures, factory defects and other defects in the Prizes shall be addressed directly to the manufacturer, seller of the goods or the relevant manufacturer’s service center and shall not be considered by the Organizer.

4.14. The Organizer is not responsible:

4.14.1. for the timely availability and accessibility of the Prize and/or delays, depending on the manufacturer/dealer of the Prize;

4.14.2. for an extension of the deadline for the availability and delivery of the Prize to the Participant, if such extension is caused by significantly changed circumstances that the Parties did not and could not foresee during the Promotion Period.

4.14.3. for a delay in submission of a Certificate for execution (use) by a Participant of the Promotion due to circumstances beyond the control of the Organizer.

4.14.4. for the absence on the market of Prizes that meet the characteristics specified in these Regulations;

4.14.5. for failure to perform or improper performance of their obligations under these Rules due to significantly changed circumstances, which the Parties did not and could not foresee at the time of entering into any of the agreements or during the Promotion Period;

4.14.6. for any defect made by the manufacturer of the Prize, prior and after its transfer to the Participant of the Promotion.

4.15. The Participants of the Promotion may at any time waive their rights specified in Section 4 of these Rules by sending a corresponding written notice to the Organizer.

 

  1. CONDITIONS FOR FORFEITURE OF A PARTICIPANT’S RIGHT

5.1 Notwithstanding the receipt of any Certificate and/or Prize, the Participant of the Promotion shall lose his/her status and right to claim the respective Prizes, and in the event of receipt of the Prize, shall reimburse the value of the Prize to the Organizer, should the following circumstances occur:

  • Participant of the Promotion during the period after the receipt of the Certificate and during the validity period of the Equity Participation in the Construction Agreement violates the terms of the Equity Participation in the Construction Agreement two times within any twelve-month period;
  • In case of termination of the Equity Participation in the Construction Agreement or unilateral refusal of the Participant of the Promotion from the performance of his obligations under the Equity Participation in the Construction Agreement, on grounds not connected with the guilty actions of the Organizer.

In case of termination of the Equity Participation in the Construction Agreement or unilateral refusal of the Participant of the Promotion to fulfill his obligations, the value of the prize will be deducted from the total amount of funds received from the Participant under the Equity Participation in the Construction Agreement, in addition to all deductions stipulated in the Equity Participation in the Construction Agreement.

  1. OTHER CONDITIONS

6.1 The Organizer reserves the right to terminate the Promotion, extend the terms of the Promotion as well as to make any changes and additions to these Rules by placing the corresponding information or a new version of the Rules on the resource specified in p.1.5 of these Rules.

6.2 Any version of these Rules that differs from the one indicated on the resource according to clause 1.5 of these Rules is not applicable.

6.3 The Organizer shall not be liable for any consequences of the Participant’s mistakes, including (but not limited to) the losses incurred.

6.4 The Organizer shall not be liable for any claims or losses arising from misunderstandings, misinterpretations, assumptions or opinions that deviate from these Rules and the provisions of the Equity Participation in the Construction Agreement.

6.5 When Potential Participants perform actions specified in these Rules, the Organizer or its authorized persons have the right to process their personal data provided in the course of the relevant actions in ways necessary for the purposes of the Promotion, including the use of these data to confirm the intention of Participants to exercise the right specified in Section 4 of these Rules, and for purposes of individual communication with Participants for purposes related to this Promotion.

6.6. Personal data of the Participants will be used exclusively by the Organizer in connection with this Promotion and will not be provided to any third parties for purposes not related to this Promotion.

6.7. The fact of fulfillment of the actions provided by these rules, implies the consent of the Participant of the Promotion to the processing of his/her personal data, receiving messages by e-mail (personal account, phone, also through social networks, etc.) of advertisements and correspondence from the Organizer, concerning this Promotion both during the Promotion, and after the termination of the Promotion.

6.8. In case of any questions, misunderstandings or other disputable situations, the Potential Participants and Participants of the Promotion shall take all measures to clarify / resolve them by contacting the Organizer’s sales office at the address or by calling the contact number specified in paragraphs. 3.1.1 and 3.1.2 of these Rules.

6.9 Working hours of the Organizer’s sales office: Every day, 09-00 to 18-00. Sunday is day off.

 

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