The following Terms and Conditions ("Terms") govern your ("you" or the "Purchaser") purchase of cryptographic tokens ("AUTO COIN") from The auto block, a company registered in the United Kingdom (the "Company"). Each of you and the Company is a "Party" and, together, the "Parties" to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the AUTO COIN token sale.
IF YOU DO NOT AGREE TO THESE TERMS, DO NOT PURCHASE AUTO COIN FROM THE COMPANY. BY PURCHASING AUTO COIN FROM THE COMPANY, YOU WILL BE BOUND BY THESE TERMS AND ANY TERMS INCORPORATED BY REFERENCE. IF YOU HAVE ANY QUESTIONS REGARDING THESE TERMS, PLEASE CONTACT THE COMPANY AT [email protected] By purchasing AUTO COIN, and to the extent permitted by law, you are agreeing not to hold any of the the Company and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the "Auto Block Team") liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of AUTO COIN, including losses associated with the terms set forth below.
DO NOT PURCHASE AUTO COIN IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING AUTO COIN, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE AUTO COIN.
PURCHASES OF AUTO COIN SHOULD BE UNDERTAKEN ONLY BY INDIVIDUALS, ENTITIES, OR COMPANIES THAT HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS, INCLUDING ETHEREUM TOKENS, AND BLOCKCHAIN BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE A FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC TOKENS. WHILE THE COMPANY WILL BE AVAILABLE TO ASSIST PURCHASERS OF AUTO COIN DURING THE SALE, THE COMPANY WILL NOT BE RESPONSIBLE IN ANY WAY FOR LOSS OF BTC, ETH OR AUTO COIN RESULTING FROM ACTIONS TAKEN BY, OR OMITTED BY PURCHASERS. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE AUTO COIN OR PARTICIPATE IN THE SALE OF AUTO COIN. YOUR PARTICIPATION IN AUTO COIN SALE IS DEEMED TO BE YOUR UNDERTAKING THAT YOU SATISFY THE REQUIREMENTS MENTIONED IN THIS PARAGRAPH.
PURCHASER AGREES TO BUY, AND COMPANY AGREES TO SELL, THE AUTO COIN TOKENS IN ACCORDANCE WITH THE FOLLOWING TERMS:
1. Conditions to AUTO COIN token sale
YOU MAY NOT MAKE A ACQUIRE A AUTO COIN TOKEN IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREEN CARD HOLDER OF THE UNITED STATES OF AMERICA, OR A CITIZEN OR RESIDENT OF THE REPUBLIC OF SOUTH AFRICA, OR THE CAYMAN ISLANDS.
When you purchase or otherwise receive, an AUTO COIN token, you may only do so by accepting the following conditions and, by doing so, you warrant and represent that the following are a true and accurate reflection of the basis on which you are acquiring the AUTO COIN tokens:
neither the Company nor any of the Auto Block Team has provided you with any advice regarding whether AUTO COIN is a suitable investment for you;
you have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, such as Bitcoin and Ether, as well as blockchain-based software systems generally;
you are legally permitted to receive and hold and make use of AUTO COIN in your and any other relevant jurisdiction;
you will supply us with all information, documentation or copy documentation that we require in order to allow us to accept your purchase of AUTO COIN and allocate AUTO COIN to you;
you have not supplied us with information relating to your acquisition of AUTO COIN or otherwise which is inaccurate or misleading;
you will provide us with any additional information which may be reasonably required in order that we can fulfill our legal, regulatory and contractual obligations, including but not limited to any anti-money laundering obligation;
you will notify us promptly of any change to the information supplied by you to us;
you are of a sufficient age (if an individual) to legally obtain AUTO COIN, and you are not aware of any other legal reason to prevent you from obtaining AUTO COIN;
you take sole responsibility for any restrictions and risks associated with receiving and holding the AUTO COIN, including but not limited to these set out in Annex A; by acquiring AUTO COIN, you are not making a regulated investment, as this term may be interpreted by the regulator in your jurisdiction;you are not obtaining or using AUTO COIN for any illegal purpose, and will not use AUTO COIN for any illegal purpose; you waive any right you may have/obtain to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the sale of AUTO COIN;
your acquisition of AUTO COIN does not involve your purchase or receipt of shares, ownership or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction;
to the extent permitted by law and provided we act in good faith, the Company makes no warranty whatsoever, either expressed or implied, regarding the future success of AUTO COIN and/or the Ethereum Network;
you accept that AUTO COIN is created and you obtain AUTO COIN on an "as is" and "under development" basis. Therefore, provided the Company acts in good faith, you accept that the Company is providing AUTO COIN without being able to provide any warranties in relation to AUTO COIN, including, but not limited to, title, merchantability or fitness for a particular purpose;
you accept that you bear sole responsibility for determining if (i) the acquisition, the allocation, use or ownership of AUTO COIN (ii) the potential appreciation or depreciation in the value of AUTO COIN over time, if any, (iii) the sale and purchase of AUTO COIN; and/or (iv) any other action or transaction related to AUTO COIN has tax implications.