Common use of Contributor Representations Clause in Contracts

Contributor Representations. The Contributor declares to have full legal capacity, power, and authority to execute and deliver this AGREEMENT and to perform its obligations hereunder. This AGREEMENT constitutes a valid and binding obligation of the Contributor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application. The Contributor has the clear intention to support the Company and has such knowledge and experience in financial and business matters that the Contributor is capable of evaluating the merits and risks of such a purchase, and can incur a complete loss of such financing without impairing the Contributor`s financial condition and is able to bear the economic risks of such a support for an indefinite period. The Contributor confirms to have performed necessary investigations and due diligence of the Company and the DUST Tokens, including any Token attributes and the Company`s White Paper. The Contributor waives any further right to carry out commercial, technical, financial or legal due diligence following the execution of this AGREEMENT. The Contributor has sufficient understanding of the functionality, usage, storage, transmission mechanisms and other material characteristics of cryptographic tokens, token wallets and other token storage mechanisms, public and private key management, blockchain technology, and blockchain-based software systems to understand the terms of this instrument. The Contributor understands, acknowledges and agrees that such knowledge allows the Contributor to appreciate the implications and risks of purchasing DUST Tokens. The Contributor understands and accepts certain risks associated with purchasing, holding and using DUST Tokens, including, but not limited to: risk of losing access to the DUST Tokens, risks associated with the Company’s limited performance due to technical issues, risk that the smart-contract system could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of the DUST Tokens. It is also shall be mentioned, that: (i) technology associated with DUST Tokens may not function as intended; (ii) the DUST Tokens and its launch may not be completed; and (iii) the Company may be subject to investigation and punitive actions from governmental authorities. The Contributor understands that the Contributor bears sole responsibility for any taxes as a result of the matters and transactions that are the subject of this instrument, and any future acquisition, ownership, use, sale, or other disposition of DUST Tokens held by the Contributor. The DUST Tokens are intended to be marketed and sold only in those jurisdictions in and to those persons where and to whom they lawfully may be offered for sale. By signing this AGREEMENT and/or by acquiring the DUST Tokens hereunder, the Contributor represents and warrants that the Contributor does not violate the laws of his/her country and the territory on which he/she is located. The Company may refuse from transactions with any person identified as a citizen or permanent resident of prohibited jurisdictions, unrecognized and/or partly recognized territories and/or states.

Appears in 2 contracts

Sources: Token Purchase Agreement, Token Purchase Agreement