Common use of Tokens Clause in Contracts

Tokens. Employee acknowledges that he has a right to receive 89,321,100 of the Company’s tokens to be introduced in the fall of 2018 (the “Stacks Tokens”) pursuant to that certain Blockstack Token Purchase Agreement, dated as of September 30, 2017 (the “Token Purchase Agreement”), between Employee and the Company’s subsidiary Blockstack Token LLC, , and each of Employee and the Company acknowledge that the Stacks Tokens held by Employee are subject to the terms and conditions of the Token Purchase Agreement. Employee hereby represents and warrants that it owns no tokens or other cryptoassets issued by the Company or any of its affiliates, and no subscription, warrant, option, convertible security or other right (contingent or otherwise) to purchase or acquire any tokens or other cryptoassets of the Company or any of its affiliates, other than as set forth in this Section 5.