Global Gold Corporation - International Gold Mining, Development and Exploration in Armenia and Chile

TERMS OF USE

Terms of Use Agreement

PLEASE READ THIS TERMS OF USE AGREEMENT ("AGREEMENT") CAREFULLY BEFORE USING THIS SITE. BY USING THIS SITE YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND THIS AGREEMENT, AND THAT YOU AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS.

This Agreement sets forth the terms of use for the website operated by Global gold Corporation ("Global Gold") at www.globalgoldcorp.com (the "Site"). Global Gold reserves the right to change, modify, add, or remove portions of this Agreement at any time. Such changes, revisions or modifications shall be effective immediately upon notice to you, which may be given by any means including, without limitation, via posting on the Site. Your continued use of the Site after such notice shall be deemed to constitute acceptance of such changes, revisions or modifications.

Scope of Use

Global Gold invites you to view, use and download a single copy of this Site for your informational, personal, non-commercial use. Except as otherwise provided herein, no part of any materials, information, software, products or services included in or available through this Site may be copied, downloaded, or stored in a retrieval system, nor may the same be used, modified, reproduced, republished, or redistributed for any purpose, without the express written permission of Global Gold.

Compliance with Laws

You agree to comply with all laws, rules and regulations applicable to your use of the Site.

Links to Third Party Websites

This Site may produce automated search results or otherwise link you to other websites on the Internet. These other websites are not under the control of Global Gold, and you acknowledge and agree that Global Gold is not responsible for the accuracy, copyright compliance, legality, decency, or any other aspect of such websites. The inclusion of such a link does not imply endorsement of the website by Global Gold or any association with its operators, and Global Gold disclaims all liability with respect to such linked websites, including but not limited to your access to and/or use of the same.

User Submissions

Certain areas of this Site may enable you to post content, submit emails, or otherwise provide feedback or other information to Global Gold.

Your Provision of Personal Information to Global Gold

When you provide information about yourself to Global Gold, you agree to: (a) provide accurate, current, and complete information about yourself; and (b) maintain and promptly update such information to keep it accurate, current and complete. If you provide any information that is untrue, inaccurate, or incomplete, or Global Gold has reasonable grounds to suspect that such information is untrue, inaccurate, or incomplete, Global Gold has the right to suspend or terminate any account you establish in connection with your use of the Site and refuse any and all current or future use of the Site or any portion thereof.

User Content on the Site

You understand that all information, data, or other materials that are posted on or transmitted in connection with the Site by you or another user ("User Content") are the sole responsibility of the person from whom such User Content originated. This means that you, and not Global Gold, are responsible for all User Content that you upload, post, email, transmit or otherwise make available in connection with the Site. Global Gold does not control the User Content posted and, as such, does not guarantee the accuracy, integrity or quality of such User Content. You understand that by using the Site, you may be exposed to User Content that is offensive, indecent or objectionable. Under no circumstances will Global Gold be liable in any way for any User Content, including, but not limited to, for any errors or omissions in any User Content, or for any loss or damage of any kind incurred as a result of the use of any User Content posted, emailed, transmitted or otherwise made available in connection with the Site.

Your Conduct

In connection with your use of the Site, you agree not to:

  1. upload, post, email, transmit or otherwise make available any User Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libelous, invasive of another's privacy, hateful, or racially, ethnically or otherwise objectionable, or harms minors in any way;
  2. impersonate any person or entity, or falsely state or otherwise misrepresent your affiliation with a person or entity;
    c. forge headers or otherwise manipulate identifiers in order to disguise the origin of any User Content transmitted in connection with the Site;
  3. upload, post, email, transmit or otherwise make available any User Content that you do not have a right to make available under any law or under contractual or fiduciary relationships (such as inside information, or proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements);
  4. upload, post, email, transmit or otherwise make available any User Content that infringes any patent, trademark, trade secret, copyright, right of publicity, or other proprietary right of any party;
  5. upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, "junk mail," "spam," "chain letters," "pyramid schemes," or any other form of solicitation;
  6. upload, post, email, transmit or otherwise make available any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment;
  7. interfere with or disrupt the operation of the Site or servers or networks connected to the Site, or disobey any requirements, procedures, policies or regulations of networks connected to the Site; or
  8. collect or store personal data about other users.
    Although Global Gold does not pre-screen User Content, Global Gold has the right, but not the obligation, to delete or move any User Content for any reason. Without limiting the foregoing, Global Gold has the right to remove any User Content that violates this Agreement.

Your Grant of Limited License

By posting or submitting User Content to the Site, you grant Global Gold and its affiliates the right to use, reproduce, display, perform, adapt, modify, distribute, have distributed, and promote the User Content in any form, anywhere and for any purpose. You represent and warrant that you own or otherwise control all rights in and to any such User Content, and that public posting and use of your User Content by Global Gold will not infringe or violate the rights of any third party.

Registration and Passwords

The Site may permit or require you to register or obtain a password prior to permitting access to certain products or services available through the Site. You acknowledge and agree that you are responsible for maintaining the confidentiality of your registration information and password, and for all uses of your password.

Disclaimer of Warranties

THE SITE AND ALL MATERIALS, INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THIS SITE ARE PROVIDED "AS IS" AND "AS AVAILABLE" FOR YOUR USE. THE SITE AND ALL MATERIALS, INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT. GLOBAL GOLD AND ITS AFFILIATES DO NOT WARRANT THAT THE MATERIALS, INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THIS SITE ARE ACCURATE, RELIABLE OR CORRECT; THAT THE SITE WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION; THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; OR THAT THE SITE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOUR USE OF THE SITE IS AT YOUR SOLE RISK. BECAUSE SOME JURISDICTIONS DO NOT PERMIT THE EXCLUSION OF CERTAIN WARRANTIES, THESE EXCLUSIONS MAY NOT APPLY TO YOU.

Limitation of Liability

UNDER NO CIRCUMSTANCES SHALL GLOBAL GOLD OR ITS AFFILIATES BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OF, OR INABILITY TO USE, THE SITE. THIS LIMITATION APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHER LEGAL THEORY, EVEN IF GLOBAL GOLD HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN THE EVENT SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, GLOBAL GOLD'S LIABILITY IN SUCH JURISDICTIONS SHALL BE LIMITED TO THE EXTENT PERMITTED BY LAW.

Indemnification

You agree to defend, indemnify and hold harmless Global Gold, its affiliates, and their respective employees, contractors, agents, officers, and directors from all liabilities, claims, and expenses (including reasonable attorneys' fees) that arise out of or are related to any User Content you submit, post, transmit or make available through the Site, your violation of this Agreement, or your violation of any third party rights.

Cautionary Note to U.S. Investors Regarding Published NI 43-101 Report

This report has been prepared in accordance with Canadian National Instrument 43-101. The definitions of proven and probable reserves in NI 43-101 reports differ from the definitions in SEC Industry Guide 7. Also, the SEC does not recognize the terms "measured resources and indicated resources" or "inferred resources" which are used in NI 43-101 reports. Although it contains historical data, the published NI 43-101 report does not provide any values for mineral reserves or resources due to insufficient data compiled under the supervision of the report's author. This report is published as a technical report for public disclosure only, not to provide estimates of resource valuation.

Securities Laws

The Site and the information contained herein do not constitute an offer or a solicitation of an offer for sale of any securities. None of the information contained herein is intended to be, and shall not be deemed to be, incorporated into any of Global Gold's or its affiliates' securities-related filings or documents.

This Site may include statements concerning operations, prospects, strategies and plans, financial condition, and future economic performance, as well as its intentions, plans and objectives that are forward-looking statements of Global Gold and/or others within the meaning of the Securities Litigation Reform Act of 1995. When used on the Site, words like "anticipates," "expects," "believes," "estimates," "seeks," "plans," "intends," and similar expressions are intended to identify forward-looking statements designed to fall within securities laws safe harbors for forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should" and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective mines or mine production, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results. Forward-looking statements

Any or all of our forward-looking statements here or in other publications may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. Our actual results may vary materially, and there are no guarantees about the performance of Global Gold stock.

We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures Global Gold makes on related subjects in reports to the SEC. In particular, you should read the discussions pertaining to risk in the appropriate sections in Global Gold's most recent 10-K report to the SEC, as it may be updated in our subsequent 10-Q and 8-K reports. That discussion covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Other factors besides those listed there could also adversely affect the Company. That discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.

GKZ, or former Soviet country State Committee on Reserves estimations are presented only for historical reporting and to provide a basis for assessing Global Gold's choices for its expected business activities and not to be understood as indicating the existence of reserves or resources.

Choice of Law and Jurisdiction

This Agreement shall be governed by the laws of the State of New York without regard to the conflicts of laws principles of any jurisdiction. Every dispute concerning the interpretation or effect of this Agreement and/or your use of the Site must be resolved in the state or federal courts situated in the City and State of New York. You agree to the personal jurisdiction, subject matter jurisdiction, and venue of these courts.

Equitable Relief

You acknowledge that any breach or threatened breach of this Agreement will result in irreparable harm for which damages would not be an adequate remedy, and, therefore, in addition to its rights and remedies otherwise available at law, Global Gold shall be entitled to seek immediate equitable relief, including injunctive relief, as appropriate. If Global Gold seeks any equitable remedies, it shall not be precluded or prevented from seeking remedies at law, nor shall it be deemed to have made an election of remedies.

Attorneys' Fees

In addition to any other relief, the prevailing party in any action arising out of this Agreement shall be entitled to attorneys' fees and costs.

Severability

If any provision of this Agreement is held unenforceable or invalid under any applicable law or is so held by applicable court decision, such unenforceability or invalidity will not render this Agreement unenforceable or invalid as a whole, and such provision will be changed and interpreted so as to best accomplish the objectives of such unenforceable or invalid provision within the limits of applicable law or the applicable court decisions.

Waiver

Any waiver by Global Gold of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Agreement. Any waiver must be in writing. Failure by Global Gold to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive Global Gold of the right to insist upon strict adherence to that term or any other term of this Agreement.

Termination

Global Gold reserves the right, in its sole discretion, to terminate your access to all or part of the Site, with or without notice, for any reason or no reason, including without limitation your violation of this Agreement.

Questions

If you have any questions about this Agreement, you can contact us as follows:

  • You can send your request for information to the following email address: ggc@globalgoldcorp.com
  • You can send your request for information to the following postal address:

    Global Gold Corporation
    International Corporate Center at Rye
    555 Theodore Fremd Avenue, Suite C208
    Rye, New York 10580

This Terms of Use Agreement was last updated November 19, 2005.

<< Return to the Previous Page