Common use of Please Initial Clause in Contracts

Please Initial. The undersigned Subscriber hereby acknowledges they understand that ALL Token holders (current and future) must be registered with Monetaforge at xxx.xxxxxxxxxxx.xx to have their OnChain ID created and must be qualified to own the Tokens to have their wallet permissioned to hold the Tokens before Xxxxxx can be transferred to their wallet.

Please Initial. The undersigned Subscriber hereby acknowledges they understand that ALL Token holders (current and future) must be registered with Monetaforge at xxx.xxxxxxxxxxx.xx (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇) to have their OnChain ID created and must be qualified to own the Tokens to have their wallet permissioned to hold the Tokens before Xxxxxx ▇▇▇▇▇▇ can be transferred to their wallet.