Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 24

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 24
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to fine up to the greater of €20 million (in the case of the GDPR) or £17 million (in the case of the U.K. GDPR) and 4% of
total annual revenue. The relationship between the United Kingdom and the EU in relation to certain aspects of data protection law remains
unclear, including, for example, how data transfers between EU member states and the United Kingdom will be treated and the role of the
United Kingdom’s Information Commissioner’s Office following the end of the transitional period. These changes could lead
to additional costs and increase our overall risk exposure.

Any failure or perceived failure by us to comply
with our posted privacy policies, our privacy-related obligations to users, or any other legal obligations or regulatory requirements
relating to privacy, data protection, or data security, may result in governmental investigations or enforcement actions, litigation,
claims, or public statements against us by consumer advocacy groups, or others and could result in significant liability, cause our users
to lose trust in us, and otherwise materially and adversely affect our reputation and business. Furthermore, the costs of compliance
with, and other burdens imposed by, the laws, regulations, other obligations, and policies that are applicable to the businesses of our
users may limit the adoption and use of, and reduce the overall demand for, the application. Further, public scrutiny of, or complaints
about, technology companies or their data handling or data protection practices, even if unrelated to our business, industry or operations,
may lead to increased scrutiny of technology companies, including us, and may cause government agencies to enact additional regulatory
requirements, or to modify their enforcement or investigation activities, which may increase our costs and risks. Any of the foregoing
could materially and adversely affect our business, financial condition and results of operations.

Online applications are subject to various
laws and regulations relating to children’s privacy and protection, which if violated, could subject us to an increased risk of
litigation and regulatory actions.

A variety of laws and regulations have been adopted
in recent years aimed at protecting children using the internet such as the COPPA and Article 8 of the GDPR. We implement certain precautions
to ensure that we do not knowingly collect personal information from children under the age of 13 through the application. Despite our
efforts, no assurances can be given that such measures will be sufficient to completely avoid allegations of COPPA violations, any of
which could expose us to significant liability, penalties, reputational harm and loss of revenue, among other things