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Token Purchase Agreement

You agree and acknowledge that in the case where you wish to purchase any Tokens, the Tokens are not to be construed, interpreted, classified or treated as:

(i)

Any kind of currency or commodity;

(ii)

Debentures, stocks or shares issued by any person or entity (whether the Company or otherwise);

(iii)

Rights, options or derivatives in respect of such debentures, stocks or shares;

{iv)

Rights under a contract for differences or any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;

(v)

Units in a collective investment scheme;

(vi)

Units in a business trust;

(vii)

Derivatives of units in a business trust;

(viii)

Any other security or class of securities; or

(ix)

Any type of investment (as such term is defined by the Financial Services (Investments and Fiduciary Services) Act 1989-47 of Singapore (as amended or re-enacted from time to time) or as such term might be construed under similar legislation in any other part of the world);

(x)

You are fully aware of and understand that you are not eligible to purchase any Tokens or access the Available Information if you are a citizen, national, resident (tax or otherwise) and/or green card holder of a Restricted Jurisdiction or if you are a Restricted Person; 

(xi)

You have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;

(xii)

You are fully aware and understand that in the case where you wish to purchase any Tokens, there are risks associated with: (A) the Company and its business and operations; (B) the Tokens; (C) the Token Sale; and (D) relying or acting on all or any part of the Available Information;

(xiii)

You agree and acknowledge that the Company is not liable for any direct, indirect, special, incidental, consequential or other losses of any kind in tort contract or otherwise (including but not limited to loss of revenue income or profits or loss of use or data or loss of reputation or loss of any economic or other opportunity of whatsoever nature or howsoever arising) arising out of or in connection with any acceptance of or reliance on the Available Information or any part thereof by you; and

(xiv)

All of the above representations and warranties are true, complete, accurate and not misleading from the time of your last access to and/or possession of (as the case may be) the Available Information.

REGIONAL RESTRICTIONS

Citizens, nationals, residents (tax or otherwise), green card holders and/or restricted persons of any restricted jurisdiction are not permitted to participate and are expressly prohibited from participating in the token sale. The term “Restricted Jurisdiction” means and includes:

(i)

The United States of America;

(ii)

the People’s Republic of China;

(iii)

North Korea; and any other jurisdiction which prohibits or requires any supervision oversight, licensing, regulatory compliance, legal compliance and/or prior approval from any regulatory (or similar) authority or body or from any monetary or securities body or authority for:

  1. The possession, dissemination or communication of the available information.
  2. The participation in the token sale and/or the purchase of tokens and/or the offer for sale of the tokens or any similar activity or product.

The term “Restricted Persons” refers to any firm, company, partnership, trust, corporation, entity, government, state or agency of a state or any other incorporated or unincorporated body or association, or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of a restricted jurisdiction (including in the case of United States of America, under the federal laws of the United States of America or under the laws of any of its states).