YAHAHA Exchange Term of Use

The YAHAHA Exchange Program (also known as YAEx) is a program that allows YAHAHA creators to exchange their Earned YOS for real money.

1.Aceptance of Terms

Below are the terms and conditions that govern YAEx (“the YAEx Terms”). These YAEx Terms are part of the YAHAHA End User License Agreement, which define some of the capitalized words used below. You must agree to the End User License Agreement to participate in YAEx.

2.YAEx Eligibility Requirements

Eligibility to participate in YAEx is solely up to YAHAHA, and the requirements may be changed by YAHAHA at any time by updating the YAEx Terms. To participate in YAEx you must meet all the following minimum requirements (“the YAEx Eligibility Requirements”):

1. Be at least 13 years of age or older;
2. Have a valid YAHAHA account and active for at least 30 days;
3. Have a verified email is associated with your Account;
4. Be in complete compliance at all times with the YAHAHA End User License Agreement. By way of example, the following will disqualify you from YAEx: scamming, phishing, false advertising, attempting to exchange YOS for real currency other than through YAEx, and any illegal or unethical activities.

In addition, you understand and agree that you must meet any other eligibility requirements that we may establish from time to time in our sole discretion.

3.Amount eligible to cash out

We will determine how much you are eligible to Cash Out by totaling the amount of YOS earned (over the lifetime of the account) and subtracting the amounts previously paid out to you through YAEx.

4.Earned YOS

“Earned YOS” only include YOS you have earned in complete compliance with the YAHAHA End User License Agreement, through the Services from either (a) virtual items (such as assets in asset library) that you created or (b) virtual experiences that you created. YOS acquired in other ways (such as YOS obtained from a membership plan or official event reward or a purchase of YOS) are not Earned YOS.

5.Cash Out

A “Cash Out” is an option to exchange your Earned YOS for U.S. dollars at the “Current Exchange Rate for Cash Out” set forth below, which rate is subject to change at any time by YAHAHA by updating the YAEx Terms. If you satisfy all the YAEx Eligibility Requirements, YAHAHA will decide in its sole discretion whether to offer you a Cash Out and how much you are eligible to receive in a Cash Out. Under normal circumstances, a Cash Out will total the amount of Earned YOS you obtained over the lifetime of the account minus all Earned YOS previously exchanged by you through YAEx. The following additional limitations apply to Cash Outs:

1. The Current Exchange Rate for Cash Out is $0.005U.S. Dollars per Earned YOS.
2. You are not allowed to initiate a Cash Out more than once a month.
3. Eligibility to Cash Out is reviewed after you submit a request to Cash Out.
4. When you initiate Cash Out, YAHAHA will perform a close review of activities on your account to confirm that you earned YOS in compliance with End User License Agreement. We are not able to predetermine your eligibility for Cash Out.

6.Acknowledgements and Further Agreements

In order to participate in YAEx, you further acknowledge and agree to the following:

1. Clicking the “Cash Out” button does not guarantee that you are eligible to, in fact, Cash Out. When you click that button, YAHAHA will then determine whether you meet the YAEx Eligibility Requirements and whether to provide a Cash Out at YAHAHA's discretion.
2. Transaction fees are assessed on each payment (which will be paid from any amounts that would otherwise be owed to you hereunder, except the situation that YAHAHA states we will pay these fees as operation strategy). These fees vary depending on payment method chosen.
3. You are responsible for any taxes that may be owed due to a Cash Out. YAHAHA considers the Cash Out payments to be payments for the services you have provided. All participants are responsible for ensuring that all payments received are reported to the proper taxing authorities. Income that minors earn can impact their parents’ tax returns.
4. We are not able to remit payments to certain countries, entities, or individuals because of legal or other considerations.
5. YAHAHA reserves the right to modify, amend, or cancel the YAEx program, add, remove, or modify the YAEx Eligibility Requirements, and change the Current Exchange Rate for Cash Out, all at any time and for any reason by updating the YAEx Terms. The existence of the YAEx program today in no way creates an obligation for us to continue the program in the future, nor does it guarantee that Earned YOS can be exchanged in the future. We reserve the right to review activity on accounts to assess the validity of Earned YOS balances, and to deny payment to any user that we feel has violated the terms or the spirit of our program, including but not limited to these YAEx Terms, the YAHAHA End User License Agreement.