Foundation definition
Examples of Foundation in a sentence
Further, the Purchaser represents that it has consulted any tax consultants it deems advisable in connection with the purchase or disposition of the Purchased Tokens and that the Purchaser is not relying on the Foundation for any tax advice.
Payment of the Purchase Amount shall be made by (i) wire transfer of funds in U.S. Dollars to the Foundation; (ii) electronic transfer of U.S. Dollar denominated stablecoins acceptable to the Foundation and the Purchaser (“Stablecoin(s)”); (iii) electronic transfer of any number of digital assets acceptable to the Foundation and the Purchaser; (iv) any other currency agreed to by the Foundation and the Purchaser; or (v) any combination of the foregoing agreed to by the Foundation and the Purchaser.
The Foundation is duly incorporated and is validly existing under the laws of its jurisdiction of incorporation and has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell the Purchased Tokens as contemplated herein and to carry out and perform its obligations under the terms of this Agreement.
Notwithstanding the foregoing, given the regulatory uncertainty with respect to digital assets, out of an abundance of caution, the Foundation is seeking to comply with U.S. federal and state securities laws in connection with the transaction contemplated herein and such efforts shall not be construed as, or a concession that, the offer and sale of the Purchased Tokens are in fact securities under U.S. federal and state securities laws or the laws of any other applicable jurisdiction.
The Foundation acknowledges that during the course of its dealings with the Purchaser, it may receive material, non-public information relating to the Purchaser.