Common use of Token Functionality Clause in Contracts

Token Functionality. 5.1 Ownership of Tokens carries no rights, whether express or implied, other than a limited potential future right or expectation to use and interact with the OTCE Platform (as further described in the White Paper ), if and to the extent the OTCE Platform is successfully developed and launched. Any potential future right or expectation relating to the potential future provision and receipt of services on the OTCE Platform shall be subject to any restrictions and limitations set out in these Contribution Terms and/or the Platform Terms (as applicable)). PLEASE NOTE THAT OTCE IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF TOKENS. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, ▇▇▇▇ MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH IT IS SUBJECT. 5.2 You acknowledge and accept that Tokens do not represent or constitute: a) any ownership right or stake, share, equity, security, commodity, bond, debt instrument or any other financial instrument or investment carrying equivalent rights; b) any right to receive future revenues, shares or any other form of participation or governance right in or relating to OTCE and/or the OTCE Platform; c) any form of money or legal tender in any jurisdiction, nor do they constitute any representation of money (including electronic money); or d) the provision of any goods and/or services as at the date that these Contribution Terms form a binding agreement between the Parties. 5.3 Protections offered by applicable law in relation to the purchase, holding and/or sale of the instruments and/or investments referred to in clause 5.2 above shall not apply to any contribution made under these Contribution Terms for the purchase of Tokens or to your holding or sale of Tokens. 5.4 OTCE makes no warranties or representations and offers no assurances (in each case whether express or implied) that the Tokens shall confer any actual and/or exercisable rights of use, functionality, features, purpose or attributes in connection with OTCE Platform.

Appears in 1 contract

Sources: Contribution Terms

Token Functionality. 5.1 Ownership of Tokens carries no rights, whether express or implied, other than a limited potential future right or expectation to use and interact with the OTCE STX Platform (as further described in the White Paper ), if and to the extent the OTCE STX Platform is successfully developed and launched. Any potential future right or expectation relating to the potential future provision and receipt of services on the OTCE STX Platform shall be subject to any restrictions and limitations set out in these Contribution Terms and/or the Platform Terms (as applicable)). PLEASE NOTE THAT OTCE STX IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF TOKENS. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, ▇▇▇▇ STX MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH IT IS SUBJECT. 5.2 You acknowledge and accept that Tokens do not represent or constitute: a) any ownership right or stake, share, equity, security, commodity, bond, debt instrument or any other financial instrument or investment carrying equivalent rights; b) any right to receive future revenues, shares or any other form of participation or governance right in or relating to OTCE STX and/or the OTCE STX Platform; c) any form of money or legal tender in any jurisdiction, nor do they constitute any representation of money (including electronic money); or d) the provision of any goods and/or services as at the date that these Contribution Terms form a binding agreement between the Parties. 5.3 Protections offered by applicable law in relation to the purchase, holding and/or sale of the instruments and/or investments referred to in clause 5.2 above shall not apply to any contribution made under these Contribution Terms for the purchase of Tokens or to your holding or sale of Tokens. 5.4 OTCE STX makes no warranties or representations and offers no assurances (in each case whether express or implied) that the Tokens shall confer any actual and/or exercisable rights of use, functionality, features, purpose or attributes in connection with OTCE STX Platform.

Appears in 1 contract

Sources: Contribution Terms