Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 154

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 154
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 also increase our potential
liability and adversely affect our business. For example, the CCPA has encouraged “copycat” or other similar laws to be considered
and proposed in other states across the country, such as in Virginia, New Hampshire, Illinois and Nebraska. This legislation may add
additional complexity, variation in requirements, restrictions and potential legal risk, require additional investment in resources to
compliance programs, could impact strategies and availability of previously useful data and could result in increased compliance costs
and/or changes in business practices and policies.

Various U.S. federal privacy laws are potentially
relevant to our business, including the Federal Trade Commission Act, Controlling the Assault of Non-Solicited Pornography and Marketing
Act, the Family Educational Rights and Privacy Act, the Children’s Online Privacy Protection Act, and the Telephone Consumer Protection
Act. Any actual or perceived failure to comply with these laws could result in a costly investigation or litigation resulting in potentially
significant liability, injunctions and other consequences, loss of trust by our users, and a material and adverse impact on our reputation
and business.

In addition, the data protection landscape in
the EU is continually evolving, resulting in possible significant operational costs for internal compliance and risks to our business.
The EU adopted the General Data Protection Regulation (“GDPR”), which became effective in May 2018, and contains numerous
requirements and changes from previously existing EU laws, including more robust obligations on data processors and heavier documentation
requirements for data protection compliance programs by companies.

Among other requirements, the GDPR regulates
the transfer of personal data subject to the GDPR to third countries that have not been found to provide adequate protection to such
personal data, including the United States. Recent legal developments in Europe have created complexity and uncertainty regarding such
transfers. For instance, on July 16, 2020, the Court of Justice of the European Union (the “CJEU”) invalidated the EU-U.S.
Privacy Shield Framework (the “Privacy Shield”) under which personal data could be transferred from the European Economic
Area to U.S. entities who had self-certified under the Privacy Shield scheme. While the CJEU upheld the adequacy of the standard contractual
clauses (a standard form of contract approved by the European Commission as an adequate personal data transfer mechanism and potential
alternative to the Privacy Shield), it made clear that reliance on such clauses alone may not necessarily be sufficient in all circumstances.
Use of the standard contractual clauses must now be assessed on a case-by-case basis taking into account the