Common use of No Purpose Clause in Contracts

No Purpose. As mentioned above, the EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied. Although EOS Tokens may be tradable, they are not an investment, currency, security, commodity, a swap on a currency, security or commodity or any other kind of financial instrument.

Appears in 2 contracts

Sources: Token Purchase Agreement, Eos Token Purchase Agreement