Terms of Token Sale
Acceptance of Terms and Conditions
In order to purchase Token, You shall transfer Ethereum (“ETH”) or Bitcoin (“BTC”) to a wallet address for the purpose of purchasing the Company’s Token. A transfer to the Company’s wallet address shall only be complete after the Company has received and given you a network confirmation of the transfer. You must provide an address on ETH blockchain that is fully ERC-20 compliant and able to receive the Company’s Token. You shall receive the Company’s Token after the Network Launch which is defined herein by the Simple License Agreement for Future Tokens. Company’s Token sale shall take place in two separate phases. You must submit an offer to purchase the Company’s token during the Company’s token sale. The first phase (“International Sale”) shall begin prior to the Investor Sale, except as otherwise provided herein. The International Sale shall be open to citizens and residents of, and those domiciled, in any country or territory other than and outside of the India, and shall be subject to the specific terms and conditions of the Simple License Agreement for Future Tokens referenced herein. The second purchase period shall be open to persons who are properly participating in the International Sale, and all Indian citizens, and those domiciled in India or its territories that are also an accredited investor, as amended, and shall be subject to the specific terms and conditions of the Simple License Agreement for Future Tokens referenced herein. You acknowledge that the Simple License Agreement for Future Tokens may reflect different terms, conditions and requirements for the International Sale and the U.S. Accredited Investor Sale, including but not limited to an accredited investor requirement, a lock-up period for the Token, and varying discount rate(s), if any. During any of the Company’s Token sales, you are required to purchase 0.023 BTC or 0.4 ETH in the Company’s Token (“Minimum Contribution”). The Company in its sole discretion may reject or void any amount below the Minimum Contribution. All purchases of the Token are final, and no refunds shall be offered other than as described herein. Company reserves the right to cancel or suspend the sale of its Tokens, in which case, Company may return Your purchase in full, subject to deductions for any and all administrative, third-party or other transaction fees or charges that may be incurred in connection with such return. You agree to be solely responsible for any and all administrative, third-party or other transaction fees or charges that may be incurred in connection with such return.
Any Token purchase is subject to and contingent upon the Company’s verification of your identity and shall be in accordance with the Company’s Policy (as defined herein). Company may reject any ETH or BTCH sent from any wallet, digital or electronic address if you do not strictly comply with the terms and conditions herein.
You represent and warrant that: (a) you may lawfully purchase Tokens to be issued to the wallet address you provide to the Company, including satisfaction of the accredited investor status. (b) You have obtained all necessary consents and authorizations required and observed any formalities in any jurisdiction required to enable you to enter into and comply with these Terms and to purchase the Tokens; (c) You are not a resident in any territory, province. or country in which it is unlawful to purchase the Token; (d) You are of sufficient age to participate in the Token Sale and have full legal capacity of conduct under the laws of Your country of residence or domicile; and (e) You have carefully read all the applicable terms and conditions applying to any purchase of the Company’s Token and use of the Company’s Platform, including but not limited to these Terms, the Company’s whitepapers on the Token, business overview, and solution architecture overview, and that You acknowledge and agree that You have had reasonable opportunity to consult with independent legal counsel prior to any purchase of the Token.
You acknowledge, represent and warrant that You are a sophisticated individual or entity and understand the risks associated with the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain assets and tokens including ETH, BTC, the Token, blockchain-based software systems, cryptocurrency wallets or other ERC-20 token storage mechanisms, blockchain technology and smart contract technology. You acknowledge and understand that any use of the Token is contingent upon the development of the Platform, and that the features and characteristics of such Platform development may be subject to change by the Company for any reason in its sole discretion.