Common use of Regulatory Limitations and Requirements Clause in Contracts

Regulatory Limitations and Requirements. 7.1 The Subscriber understands, acknowledges and agrees that the sale of Common Stock contemplated by this Agreement is not fully registered with the SEC because it is being made in reliance on Regulation A under the Securities Act, which exempts the Company from certain reporting and other requirements related to the Company, the Common Stock and their sale, and that the Company is not registered or licensed with any federal or state regulator as an investment adviser, broker-dealer, money services business, money transmitter, or virtual currency business, or under the Investment Advisers Act of 1940, as amended (the "Advisers Act") or the Investment Company Act of 1940 ("1940 Act"). As a result, the Subscriber will not be afforded the full set of protections provided to the clients and customers of such entities under the Securities Act, the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Advisers Act or the 1940 Act, or any money services business, money transmitter, or virtual currency laws.

Regulatory Limitations and Requirements. 7.1 The Subscriber understands, acknowledges and agrees that the sale of Common Stock the Shares contemplated by in this Agreement is not fully registered with the SEC because it is being made in reliance on Regulation A under the Securities Act, which exempts the Company from certain reporting and other requirements related to the Company, the Common Stock Shares and their sale, and that the Company is not registered or licensed with any federal or state regulator as an investment adviser, broker-dealer, money services business, money transmitter, or virtual currency business, or under the Investment Advisers Act of 1940, as amended (the "“Advisers Act"”) or the Investment Company Act of 1940 ("“1940 Act"”). As a result, the Subscriber will not be afforded the full set of protections provided to the clients and customers of such entities under the Securities Act, the Securities Exchange Act of 1934, as amended (the "“Exchange Act"”), the Advisers Act or the 1940 Act, or any money services business, money transmitter, or virtual currency laws.

Regulatory Limitations and Requirements. 7.1 7.1. The Subscriber understands, acknowledges and agrees that the sale of Common Stock Tokens contemplated by in this Agreement is not fully registered with the SEC because it is being made in reliance on Regulation A under the Securities Act, which exempts the Company from certain reporting and other requirements related to the Company, the Common Stock Tokens and their sale, and that the Company is not registered or licensed with any federal or state regulator as an investment adviser, broker-dealer, money services business, money transmitter, or virtual currency business, or under the Investment Advisers Act of 1940, as amended (the "“Advisers Act"”) or the Investment Company Act of 1940 ("“1940 Act"”). As a result, the Subscriber will not be afforded the full set of protections provided to the clients and customers of such entities under the Securities Act, the Securities Exchange Act of 1934, as amended (the "“Exchange Act"”), the Advisers Act or the 1940 Act, or any money services business, money transmitter, or virtual currency laws.