Last Updated: September 2025
1. SCOPE
1.1. This Agreement governs Your use of the Software (as defined below in the Definitions section).
1.2. This Agreement is legally binding. By downloading, copying, installing, or otherwise using all or any portion of the Software, You accept all the terms and conditions set out in this Agreement, so please, read this Agreement carefully.
1.3. If You do not agree with any of the terms and conditions of this Agreement, do not use the Software and delete or destroy all copies of the Software in Your possession or control.
1.4. Armada Energy (as defined below in the Definitions section) reserves the right to change or amend the terms and conditions set out in this Agreement at any time. In such case, Armada Energy will always notify You of any such changes and amendments on our Website (as defined below in the Definitions section) and publish a new version of this Agreement in advance, so please, visit the Website regularly.
1.5. Armada Energy will always include a date when this Agreement was last updated and published on the Website on the front page hereof.
2. DEFINITIONS
2.1. Any capitalized terms used in this Agreement shall have the meaning given to them in the Definitions section hereof unless explicitly stated otherwise:
"Armada Energy" refers to Armada New Energy Limited, a limited liability company incorporated under the laws of the British Virgin Island (Registration Number: 2145924) having its registered office at Ritter House, Wickhams Cay II, PO Box 3170, Road Town, Tortola VG1110, British Virgin Islands, together with its affiliated parties.
"You" refers to you, any individual or legal entity copying, installing or otherwise using all or any portion of the Software.
"Software" refers to Armada Energy's software called "RA", an operating system for cryptocurrency mining management downloaded from the Website, certain online app stores or otherwise provided to You by Armada Energy and any copies and Updates thereof, together with any related or ancillary products and functions provided to You by Armada Energy.
"Updates" refer to any upgrades, updates, patches, hotfixes and additions and modified or additional versions that replace or supplement the original version of the Software, unless Armada Energy states that they are not included under the licenses granted hereunder and are instead licensed separately under different terms. Updates may include both additions to, and removal of, any particular features or functionality offered by the Software or may replace it entirely. The content, features and functionality of the Updates as well as their frequency are in sole discretion of Armada Energy. However, Armada Energy has no obligation to make any Updates available to You.
"Agreement" refers to the license agreement concluded between Armada Energy and You when You download, copy, install or otherwise use all or any portion of the Software. The terms and conditions of the Agreement are set out herein. The terms and conditions agreed upon when You acquired the Software (such as amount of license fees) constitute an integral part of this Agreement as well.
"Website" refers to our official website www.armada-energy.com and any subdomains thereof.
2.2. The section headings in this document are for Your convenience only and shall not govern the meaning or interpretation of any terms and clauses herein.
3. SOFTWARE LICENSE
3.1. Armada Energy represents that it has all the rights to the Software necessary to grant to You the following license to the limited use of the Software and to fulfil any other obligations hereunder.
3.2 Subject to Your continuous compliance with the terms and conditions of this Agreement and payment of the applicable license fees, Armada Energy grants You a non-exclusive worldwide license to limited use of the Software (the "License").
3.3. The Software is licensed to You, not sold, and the License is granted as non-exclusive. Therefore, Armada Energy retains the title and any intellectual property rights to use the Software as well as to grant any other licenses to its use to any third parties under any conditions it desires.
3.4. Under the granted License You are solely entitled to download and install the Software on cryptocurrency mining devices owned or operated by You (in Your facilities) and to further use it (in object form only) solely to operate such cryptocurrency mining device in such configurations as designed for or expressly permitted by Armada Energy.
3.5. You may use the Software only on the compatible cryptocurrency mining devices as permitted by us. The number of Your cryptocurrency mining devices on which You may use the Software is not limited under the License.
3.6. The License is granted for the term specified below and may be terminated only as stated in this Agreement or by the applicable law.
3.7. You have no right to transfer, assign, rent, sell, sublicense or otherwise directly or indirectly transfer or encumber the License and the Software to any third parties, in whole or in part.
4. LIMITATIONS
4.1. You acknowledge that You are solely entitled to use the Software on cryptocurrency mining devices owned or operated by You (in Your facilities). Therefore, if the Software is used on any other devices. You must be authorized to accept the terms and conditions of this Agreement on behalf of any respective third party that owns or operates the cryptocurrency mining devices, so that the third party becomes a party to this Agreement.
4.2. Any use of the Software and any related rights other than as expressly set forth herein is strictly prohibited. Therefore, under the granted License You are not entitled to and shall not allow a third party to:
provide, make available to, or permit use of the Software, in whole or in part, by any third party without prior written consent of Armada Energy, unless such use by the third party is solely on Your behalf, is strictly in compliance with this Agreement, and You are liable for any breach of this Agreement by such third party;
copy, reproduce, republish, upload, post or transmit the Software in any way;
modify or remove any titles, trademarks or trade names, copyright notices, legends, or other proprietary notices or markings on or in the Software.
decompile, disassemble, reverse engineer, or otherwise attempt to derive source code (or underlying ideas, algorithms, structure or organization) from the Software, in whole or in part;
attack or attempt to undermine the security, integrity, authentication or intended operation of the Software;
modify or create derivative works based upon the Software; or
use the Software to create a competitive offering or to create other software, products or technologies.
4.3. Armada Energy does not provide any maintenance or support services relating to the Software or otherwise under this Agreement including without limitation the services regarding the installation of the Software. However, user services may be provided under a separate agreement (visit Website for more information).
4.4. Armada Energy does not provide to You any source codes to the Software under this Agreement.
4.5. The Software may cause Your cryptocurrency mining device to connect to the internet, may require activation or registration, may require download of Updates. You undertake not to interfere with or circumvent any such embedded functions of the Software including any functions necessary to verify the validity of the License as well as any functions necessary to assign processing power.
4.6. You specifically undertake for as long as You use the cryptocurrency mining device with Software installed (i) not to interrupt internet connection of the respective cryptocurrency mining devices, (ii) not to interfere with any input or output data, and (iii) to configure firewalls and other settings of the respective cryptocurrency mining devices and/or Your network as necessary to verify the validity of the License and to assign the processing power and to perform processing operations.
4.7. You acknowledge, that the Software may transmit certain information from Your cryptocurrency mining device (such as frequencies of chips, readings from temperature sensors, fan speed etc.) to Armada Energy. Armada Energy is entitled to use the information for provision of support to You, for performance of this Agreement, and for statistical analysis and improvements of the Software.
5. FEES
5.1. You undertake to pay Armada Energy applicable license fees for the License granted herein and such other fees for any related or ancillary products or services as separately agreed by You and Armada Energy.
5.2. The license fees for the License of the Software are set out on our website and you may subscribe for the relevant category of our Software services based on Your needs. Other than any Software service (or any related or ancillary service) that requires a pre-payment of the license fees or other applicable fees, You shall (i) pay an amount that is equivalent to a monthly license fee by way of USDT as a deposit to Armada Energy, which amount shall be returned to You within 15 days after You stop to use the Software or any related or ancillary products; and (ii) immediately (in any event within 3 days) pay, by way of USDT, the license fees and/or any other fees for any related or ancillary products or services, as invoiced and provided to You by Armada Energy on a monthly basis, for Your use of such Software or related products/services for the prior month. If You fail to settle and pay any such invoice within 3 days from the date when it is issued to You, Armada Energy shall have the right to unilaterally and immediately terminate this Agreement and cease to provide any Software or related products/services to you.
If You would like to subscribe for any customized Software or related/ancillary services, or if You have any queries about the license fees, You may contact us at ra_business@armada-energy.com.
6. TERM AND TERMINATION
6.1. The License hereunder is granted and the Agreement is concluded for a period of (i) one (1) month for "Standard" Users (or other Users who use any customized Software services), and (ii) one (1) year for "Lite" Users (individually, and together with all subsequently renewed period(s), if any, the "Term").
6.2. If You continue using the Software in any way after the day, when the current Term expired, You agree that a new version of this Agreement (including new license) is automatically concluded for (i) another one (1) month for "Standard" Users (or other Users who use any customized Software services), and (ii) another one (1) year for "Lite" Users, as applicable, on the first day on which You use the Software after the expiration of the prior Term.
6.3. The new version of this Agreement will be governed by the terms and conditions of then effective version of this document published on the Website and the license fees shall be set in accordance with then effective Fee List published on the Website, unless agreed otherwise between You and Armada Energy.
6.4. Either party may terminate the Agreement and the License granted hereunder for any reason or without a reason by a notice with a notice period of three (3) days.
6.5. Armada Energy may terminate this Agreement and the granted License immediately and without prior notice if You fail to comply with any term or condition of this Agreement.
6.6. Upon expiration or termination of this Agreement and the granted License, You must not use the Software and some or all of the Software may cease to operate without prior notice. Please note that, if this Agreement is terminated by You before the expiration of any then existing Term, there will be no refund of any license fees that has been paid.
7. LIABILITY AND WARRANTIES
7.1. The Software may be subject to the export laws of the laws of the country where it is delivered or used. You agree to abide by these laws.
7.2. You understand that certain functionalities of the Software, such as encryption, may be subject to import or export restrictions in the event that You transfer the Software from the country of delivery, and You are responsible for complying with applicable restrictions.
7.3. Armada Energy provides the Software "as is" and makes, and You receive, no other warranties related to the Software, whether express, implied or statutory, and Armada Energy specifically disclaims any implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
7.4. Armada Energy does not warrant that the functions of the Software (including any related or ancillary products/services) will meet Your requirements or that operation of the Software (including any related or ancillary products/services) will be uninterrupted, timely, secure, or error free, or that the results obtained from the use of the Software (including any related or ancillary products/services) will be effective, accurate, or reliable, or that any errors or defects in the Software (including any related or ancillary products/services) will be corrected.
7.5. Armada Energy shall not under any circumstances be held liable to You for any direct, indirect, special, consequential, punitive or any other damages and costs including, but not limited to, loss of profit, loss of revenue, loss of business opportunity arising out of or in connection with this Agreement or the use of the Software (including any related or ancillary products/services) under any theory of liability, even if advised or aware of the possibility of such damages.
7.6. Under certain laws it may not be possible to disclaim liability and warranties completely. For such cases Armada Energy hereby disclaims its liability and warranties to the fullest extent permissible by the applicable law.
8. NOTICES
8.1. Any notifications addressed to Armada Energy hereunder shall be sent to the following email address: ra_business@armada-energy.com and are considered as delivered when the delivery has been confirmed by Armada Energy.
8.2. You undertake to notify Armada Energy, if You learn that right to grant the License hereunder is or may be compromised such as in the event that You have received a pre-action letter regarding the contents of such License or litigation was initiated regarding such License. In the event that any of the rights granted to You hereunder are or may be compromised, You undertake to provide Armada Energy with any information and cooperation necessary to retain such rights.
8.3. Any mass communication addressed to You as well as to other user of the Software may be delivered to You by publishing it on the easily accessible designated part of the Website. In that event it shall be considered as delivered thirty (30) days after it has been published.
9. CONFIDENTIALITY
9.1. You undertake to keep confidential (not to disclose to third parties or use for other purpose than exercising rights and performing obligations hereunder) for the maximum term permitted under the applicable laws any information related in any way to this Agreement and any other information provided by Armada Energy that was marked, accompanied, or supported by documents designated as "confidential" or the equivalent, or that was identified as such by Armada Energy, or that should be reasonably known to You to be confidential.
9.2. This does not apply to information You can demonstrate was already in your possession before You have undertaken the confidentiality obligation, that is or becomes publicly available through no fault of Yours, that is rightfully received by You from a third party who has no duty of confidentiality, or that is independently developed by You without a breach of the confidentiality obligations hereunder.
9.3. You may disclose confidential information to your directors, officers, and employees, as well as to your contractors, advisors, and agents, so long as those individuals have a need to know in their work for You and are bound by obligations of confidentiality at least as restrictive as those imposed on you in this Agreement. You are fully liable for any breach of this obligation by the above mentioned third parties.
10. GOVERNING LAW
10.1 Any and all disputes, claims or other matters arising from or relating to this Agreement shall be governed by the applicable laws of Hong Kong Special Administrative Region without giving any effect to any choice of law.
11. DISPUTE RESOLUTION
11.1. Any dispute arising from or relating to this Agreement shall first be resolved through negotiation in good faith. In case of failure to reach an agreement through negotiation, such dispute shall be referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre in accordance with the Rules of Arbitration of the Hong Kong International Arbitration Center ("HKIAC Rules") in effect, subject to the following: (1) the arbitration tribunal shall consist of three (3) arbitrators to be appointed according to the HKIAC Rules; and (2) the language of the arbitration shall be English. The prevailing Party shall be entitled to reasonably attorney's fees, costs and necessary disbursement in addition to any other relief to which such Party may be settled.
12. MISCELLANEOUS
12.1. You may not assign or transfer any of Your rights or obligations assumed under this Agreement or in any other way related hereto without prior written consent of Armada Energy.
12.2. If You do not comply with this Agreement, and Armada Energy does not take action right away, or if Armada Energy does not enforce any other provision hereof, this doesn't mean that Armada Energy is waiving any rights that it may have (such as taking action in the future).
12.3. All the provisions of this Agreement that by their nature extend beyond the termination of mutual legal relationship, including but not limited to dispute resolution and applicable law clauses, shall survive the termination of the mutual legal relationship.
12.4. If any clause of this Agreement is determined to be illegal, invalid or unenforceable, in whole or in part, under any law, the legality, validity and enforceability of the other clauses hereof shall not be affected. In the event that any clause or part thereof is determined to be illegal, invalid or unenforceable, that clause shall be replaced by the parties of this Agreement with a legal, valid and enforceable clause that has, to the greatest extent possible, a similar effect as the illegal, invalid or unenforceable clause, given the content and purpose of this Agreement.
12.5. This document is issued in an English-language version. The meanings of the terms, conditions and representations herein are subject to definitions and interpretation in the English language. Armada Energy may also issue this document in other language versions for Your convenience; however, in case of any discrepancies the English-language version shall always prevail.