> For the complete documentation index, see [llms.txt](https://docs.tropicalwater.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tropicalwater.xyz/terms/terms-and-conditions.md).

# Terms and Conditions

**TROPICAL WATER MANAGEMENT CORP. — TERMS AND CONDITIONS**\
\&#xNAN;*Version 1.0 · June 11, 2026*

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**PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. BY CLICKING TO SIGNIFY ACCEPTANCE, OR OTHERWISE ENGAGING WITH THE PLATFORM, THE VAULTS, OR US YOU AGREE TO BE BOUND BY THESE TERMS.**
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## About These Terms

These Terms constitute a legally binding agreement between you (you or derivatives thereof) and Tropical Water Management Corp. (us or derivatives thereof).

These Terms apply to your use of the Platform, as hosted through the Reservoir website, and any data, information, and service available therein (including the Vaults). These Terms supersede all prior oral and written agreements, discussions, and understandings between you and us with respect to its subject matter, and neither of the parties will be bound by any conditions, inducements, or representations other than as expressly provided for herein.

## Changes to These Terms

We reserve the right to change these Terms from time to time and in our sole discretion. If we make changes, we will provide notice of such changes, such as by posting the revised version of these Terms on the Platform. By continuing to access or use the Platform or the Vaults after the posted effective date of changes, you agree to be bound by the revised version. If you do not agree to the modified Terms, you must cease engaging with us and we likewise reserve the right to terminate our relationship with you.

## Additional Terms

Supplemental terms and conditions or documents that may be posted on the Platform from time to time are hereby expressly incorporated herein by reference and form part of these Terms.

### 1. Definitions

Capitalised terms not otherwise defined in the body of these Terms have the following meanings:

**Business Restricted Jurisdiction** means a jurisdiction where use of the Platform or the Vaults is prohibited, restricted, or unauthorised by applicable law, decree, regulation, treaty, or administrative act.

**IPOR Fusion** means the IPOR Fusion protocol, being ERC-4626 compliant Plasma Vault smart contracts deployed on the Ethereum blockchain.

**KYC** means Know Your Customer.

**Platform** means the dedicated section of the Reservoir website at app.reservoir.xyz/vaults through which we operate and the Vaults are made accessible and includes all associated subdomains, any mobile applications, desktop applications, or browser extensions, any application programming interfaces, developer tools, documentation, and resources, community forums and communication channels, and any other media form, media channel, or website related, linked, or otherwise connected thereto.

**Platform Email** means <info@tropicalwater.xyz>.

**Reservoir** means Reservoir Foundation, an entity existing under the laws of the Cayman Islands.

**Sanctioned Country** means any country or territory subject to any Sanctions from time to time.

**Sanctioning Authority** means: (a) the United States of America; (b) the Security Council of the United Nations; (c) the European Union and its member states; (d) the United Arab Emirates; (e) the United Kingdom; (f) the governmental agencies of any of (a) to (e) above; and (g) any other relevant governmental authority with jurisdiction over the parties to these Terms.

**Sanctions** means any economic or financial sanctions, trade embargoes, export controls, anti-terrorism laws or similar restrictive measures imposed, administered, or enforced from time to time by any Sanctioning Authority.

**Terms** means these terms and conditions.

**Vault** means a digital asset vault owned, operated, and managed by us, or a member of our group or affiliate, and made accessible through the Platform.

**Vault Token** means a token received upon depositing funds into a Vault, representing your proportional interest in the Vault.

### 2. The Vaults

1. The Vaults are digital asset vaults owned, operated, and managed exclusively by Tropical Water Management Corp. The Vaults are made accessible through the Platform.
2. Upon depositing funds into a Vault, you will receive Vault Tokens representing your proportional interest in the Vault. Vault Tokens do not represent or constitute any ownership rights, intellectual property rights, shares or other equity interests, securities, financial instruments, or equivalent rights. They do not grant rights to receive future revenues or any form of participation or governance rights in or relating to the Vaults, us, or any affiliates.
3. You acknowledge and agree that the Vaults and Vault Tokens are not intended as speculative investment products. Participation in the Vaults involves a high degree of risk, including the risk of total and irreversible loss of all funds deposited. Digital assets are highly volatile, speculative, and experimental in nature. You should not deposit any funds that you cannot afford to lose entirely.

### 3. Relationship with Reservoir

Tropical Water Management Corp. and Reservoir are separate and independent legal entities and not related entities. Neither is an agent, partner, joint venturer, or representative of the other. Reservoir's sole role in connection with the Vaults is to provide user interface hosting and related technical infrastructure services pursuant to a separate services agreement with us.

### 4. Licence

1. Subject to your complete and ongoing compliance with these Terms, we grant you a personal, limited, non-exclusive, non-transferable, non-sublicensable, revocable licence to access and use the Platform, the Vaults, and our associated services solely for lawful purposes in accordance with these Terms.
2. This licence is subject to the following conditions: (a) it is personal to you and may not be shared or transferred; (b) you may only use our services for lawful purposes; (c) you must comply with all applicable laws and regulations; and (d) you must not violate any provision of these Terms.

### 5. Use and Rules of Conduct

1. To access or use the Platform and/or the Vaults you must:
   * be at least 18 years old and have the legal capacity and authority to enter into legally binding contracts under applicable laws;
   * not be: (i) a government of any Sanctioned Country; (ii) an agency or instrumentality of, or an entity directly or indirectly owned or controlled by, a government of a Sanctioned Country; (iii) listed on, or directly or indirectly owned or controlled by a person listed on, a Sanctions list, or a person acting on behalf of such a person; (iv) located, domiciled or resident in, operating from, or incorporated or organised under the laws of a Sanctioned Country; or (v) otherwise a subject of Sanctions;
   * if an individual, not be a citizen, resident, domiciliary, green card holder or other similar certificate of residency of a jurisdiction where use of the Platform or the Vaults is prohibited, restricted, or unauthorised; and
   * if a legal entity, not be incorporated, established, or registered in a Business Restricted Jurisdiction, nor have any ultimate beneficial owner that is a resident of a jurisdiction where use is restricted.
2. You are responsible for ensuring that your use of the Platform or the Vaults complies with all laws, rules, and regulations applicable to you in your jurisdiction.
3. You are prohibited from using the Platform or the Vaults for any illegal or unauthorised purposes.
4. You represent and warrant that you will not access or use the Platform or the Vaults in any manner that would cause us to violate any applicable Sanctions laws.
5. The restrictions outlined in this section may be enforced using technical measures such as geo-blocking, as well as wallet and transaction screening. You agree that we shall not be liable for any claims arising from a false positive that prevents you from engaging with the Platform or the Vaults.

### 6. Intellectual Property Rights

1. We retain all right, title and interest in our intellectual property, including inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, formulae, techniques, information, and data, whether or not patentable, copyrightable or protectable in trademark.
2. Neither these Terms, use of the Platform, nor the acquisition, holding, or use of Vault Tokens shall be construed as granting any license, title, or other right in or to any intellectual property owned by us.

### 7. Third-Parties

1. Features of the Platform may require you to access or visit a third-party website or application which is not owned, controlled, managed, or operated by us.
2. We do not take responsibility for the content or the practices of a third-party website or application. If you link to or use such third-party website or application, you do so at your own risk.
3. If you believe that any third-party website or application includes or promotes illegal, harmful, fraudulent, infringing, or otherwise offensive content, please contact us via the Platform Email.

### 8. Prohibited Use

You agree not to engage with the Platform, the Vaults, or otherwise with us:

* to violate, or encourage the violation of, the legal rights of others;
* to engage in, promote, or encourage illegal activity;
* for any unlawful, invasive, infringing, defamatory, or fraudulent purpose;
* to intentionally distribute viruses, worms, Trojan horses, corrupted files, hoaxes, or other items of a destructive or deceptive nature;
* to interfere with the use of the Platform, the Vaults, or us;
* to disable, interfere with, or circumvent any aspect of the Platform or the Vaults;
* to use the Platform or the Vaults in violation of the Terms; and
* to build similar or competitive products to, or features of, the Platform or the Vaults.

### 9. Disclaimer

1. To the fullest extent permitted by applicable law, the Platform is provided and the Vaults have been deployed "as is" and "as available".
2. We disclaim all representations and warranties, express or implied, statutory or otherwise, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, satisfactory quality, and quiet enjoyment.
3. We make no warranty that service will be uninterrupted, accurate, complete, reliable, current, error-free, or free of malicious code, or that defects will be corrected.
4. We do not control, endorse, sponsor, or adopt any materials, content, messages or communications and make no representations or warranties of any kind regarding the same.
5. We have no obligation to screen, monitor, or edit and are not responsible or liable for any materials, content, messages, or communications.
6. You acknowledge and agree that we have no indemnity, support, service level, or other obligations under these Terms.

### 10. Vault Disclaimers and Risk Warnings

1. By accessing, browsing, or using the Vaults or any related materials through the Platform, you acknowledge that you have read, understood, and agree to be bound by these disclaimers in their entirety.
2. **General Risk Disclaimer.** Participation in the Vaults involves a high degree of risk, including the risk of total and irreversible loss of all funds deposited. Digital assets are highly volatile, speculative, and experimental in nature. You should not deposit any funds that you cannot afford to lose entirely. Past performance is not indicative of future results.
3. **No Investment, Legal, Tax, or Other Advice.** We do not provide investment, financial, legal, tax, accounting, or regulatory advice. You are strongly encouraged to seek independent professional advice before depositing any funds into a Vault. Any yield or returns advertised, projected, or historically generated by a Vault are not guaranteed and may fluctuate significantly or cease entirely.
4. **Irreversibility of Transactions.** All transactions are processed on blockchain networks and are final and irreversible once confirmed. Neither we nor any third party has the ability to reverse, cancel, or modify any blockchain transaction. Funds sent to an incorrect wallet address may be permanently and irrecoverably lost.
5. **Nature of Vault Tokens.** Vault Tokens: (a) are not equity, shares, or securities of any entity; (b) do not represent any legal or beneficial interest in underlying assets; (c) may be illiquid with no assurance of a secondary market; and (d) may decline in value, including to zero.
6. **Deployment of Funds.** Funds deposited may be deployed in a variety of yield-generating strategies. Our ability to make payments to Vault Token holders is dependent upon the performance of underlying strategies and counterparties. You have no direct contractual relationship with any protocols or counterparties involved.
7. **Use of Leverage.** Certain Vaults may employ leverage. Leverage can significantly amplify both gains and losses. Leveraged positions may be subject to margin calls, forced liquidation, or automatic deleveraging without prior notice.
8. **Third-Party Technology and Protocol Risks.** Certain Vaults interact with third-party protocols including IPOR Fusion and other DeFi protocols. We do not control the design, development, maintenance, or security of any third-party protocol. The Vaults rely on smart contracts which may contain bugs, vulnerabilities, or errors that could result in partial or total loss of deposited funds.
9. **Regulatory and Legal Risk.** The regulatory environment governing digital assets is rapidly evolving and uncertain. The Vaults and Vault Tokens have not been registered, authorised, approved, or endorsed by any regulatory authority in any jurisdiction.
10. **No Deposit Protection or Insurance.** Funds deposited into a Vault are not protected by any deposit guarantee scheme or similar statutory protection. In the event of insolvency, you may lose all deposited funds without any recourse to governmental or statutory protection.
11. **Technology, Cybersecurity, and Blockchain Risks.** Blockchain networks are not controlled by us and may be subject to forks, attacks, or other events that could disrupt operations. You are solely responsible for the security of your wallet and private keys.

### 11. Tax

1. You bear the sole responsibility to determine the tax implications of your use of the Platform and the Vaults, the transfer of any cryptocurrency to you, the creation, ownership or use of Vault Tokens, and any other action or transaction related to us.
2. By creating, holding, or using Vault Tokens, you agree not to hold any third party liable for any tax liability associated with or arising from such actions.
3. Nothing in these Terms, or any recommendations, announcements, or information provided by us, constitutes financial or tax advice.

### 12. Limitations on Liability

Neither we nor any representative or affiliate of ours shall be liable for any consequential, indirect, special, punitive, incidental or exemplary damages, including damages for protocol-level vulnerabilities or bugs, exploits, attacks, smart contract failures, transaction delays, lost data, software, lost profits, business or revenues, whether foreseeable or unforeseeable. In no event will our total aggregate liability arising from or relating to these Terms exceed **US$100**.

### 13. Indemnity

To the fullest extent permitted by applicable law, you will defend, indemnify and hold harmless us, our affiliates and our respective past, present, and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns from and against all claims, damages, costs, liabilities and expenses (including attorneys' fees) that arise from or relate to: (a) your use of the Platform and the Vaults; (b) your acquisition of Vault Tokens; (c) any materials, content, messaging, or communications you provide; or (d) your breach of these Terms.

### 14. Representations and Warranties

You irrevocably represent and warrant that:

1. these Terms constitute a legal, valid, and binding obligation on you, enforceable in accordance with their terms;
2. all information provided to us by you is true, accurate, and complete;
3. you are in compliance with Section 5 (Use and Rules of Conduct) and are acting individually and not in concert with any other person;
4. you will comply with all applicable law, statutes, regulations, and codes relating to Sanctions, anti-bribery and anti-corruption;
5. you have read and understood any information provided by us and agree to provide any additional steps required including KYC checks and wallet address validation; and
6. you have a deep understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens and blockchain-based software systems.

### 15. Acknowledgements

You acknowledge and agree that:

1. you will not use a virtual private network or other tool to circumvent any geo-block or other restrictions that we may have implemented;
2. the Platform and the Vaults may use, incorporate or link to certain open-source software and your use is subject to, and you agree to comply with, any applicable licences; and
3. the regulatory status of digital assets and blockchain technology is uncertain and you are responsible for compliance with applicable laws.

### 16. Data Protection and Privacy

1. We may collect, use, store and transfer different kinds of personal data about you, including identity data, contact data, financial data, transaction data, technical data, blockchain activity data, and usage data.
2. We will use your personal data for purposes including: (a) operating and securing the Platform and the Vaults; (b) complying with legal obligations including anti-money laundering and KYC requirements; (c) protecting our rights; and (d) providing you with direct marketing communications where you have consented.
3. We do not sell, rent, license, or lease your personal data to third parties. We may share your personal data with entities in our group, third-party service providers, professional advisers, and regulators.
4. Under applicable data protection laws, you may have certain rights in relation to your personal data. If you wish to exercise any of these rights, please contact us using the Platform Email.

### 17. Force Majeure

We shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including acts of God, natural disasters, war, terrorism, riots, embargoes, fire, floods, accidents, pandemics, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials. This includes blockchain network failures or systemic financial market disruptions.

### 18. Assignment

1. These Terms are not transferable or assignable, by operation of law or otherwise, by you.
2. We reserve the right to assign these Terms without your consent to: (a) an affiliate; or (b) a third party in connection with the sale, change or control, reorganisation, merger, or other business combination of the business to which these Terms relates.
3. Subject to the foregoing, these Terms shall be binding upon the parties and their respective administrators, successors, and assigns.

### 19. Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable, such provision only will be deemed null and void and will not affect any other provision of these Terms. The remaining provisions will remain operative and in full force and effect.

### 20. Your Relationship with Us

These Terms do not create a partnership, agency relationship, or joint venture between the parties. Your relationship with us will be that of an independent user.

### 21. No Waiver

Any failure by us to enforce a right under these Terms shall not act as a waiver of that right or the ability to later assert that right relative to the particular situation involved.

### 22. Governing Law and Dispute Resolution

1. These Terms and any non-contractual obligations arising out of or in connection with them are governed by and will be construed under the laws of the Cayman Islands, without regard to the conflicts of laws provisions thereof.
2. You agree that, at our option, any dispute in relation to these Terms shall be settled by confidential binding arbitration administered by the Cayman International Mediation and Arbitration Centre in accordance with their Arbitration Rules currently in force. The place of arbitration shall be George Town, Grand Cayman, Cayman Islands. The number of arbitrators shall be one commercial arbitrator with substantial experience in resolving digital assets and commercial contract disputes. Proceedings shall be conducted in English.
3. Despite the foregoing obligation to arbitrate disputes, each party shall have the right to pursue injunctive or other equitable relief at any time, from any court of competent jurisdiction.
4. You may opt out of these arbitration provisions by notifying us in writing within thirty (30) days of the date you first accept these Terms by sending written or email notification to us that includes your name, address, email address, and a statement indicating that you wish to opt out.
5. You hereby waive the right to participate in any class-action lawsuit or class wide arbitration against us or any other entity or individual connected to us.

### 23. Notices and Communications

1. Any notice required or permitted by these Terms will be deemed sufficient when delivered: to you, by being posted on the Platform or delivered to any email address you have provided; and to us, via email to the Platform Email.
2. You consent to receive communications from us in electronic form and agree that all terms, agreements, notices, disclosures, and other communications provided electronically satisfy any legal requirement that such communications would satisfy if in writing.

### 24. Contact

Any questions related to these Terms can be sent to the Platform Email: **<info@tropicalwater.xyz>**


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