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PLEASE READ CAREFULLY THIS AGREEMENT ON SALE OF TOKENS BEFORE PURCHASING TOKENS, AS IT AFFECTS YOUR OBLIGATIONS AND LEGAL RIGHTS, INCLUDING, BUT NOT LIMITED TO, WAIVERS OF RIGHTS AND LIMITATION OF LIABILITY. TOKENS ARE SOLD EXCLUSIVELY TO SOUTH AFRICA. TOKENS HAVE NO FIAT SWAP VALUE. TOKENS WILL BE MIGRATED TO SAFCOIN CRYPTOCURRENCY AND WILL ONLY THEN HAVE MARKET VALUE. The nature of the SAFCOIN, like other cryptocurrencies, is that they are volatile and that there is a risk that low- or no returns may be apprehended. Cryptocurrencies are frequently changing regulations in each different country and SAFCOIN will work together with authorities to be within their rights. IF YOU DO NOT AGREE WITH THIS AGREEMENT ON SALE OF TOKENS, YOU SHALL NOT PURCHASE TOKENS. TOKENS ARE NOT BEING OFFERED OR DISTRIBUTED TO, AS WELL AS CAN NOT BE RESOLD OR OTHERWISE ALIENATED BY THEIR HOLDERS TO, CITIZENS OF, NATURAL AND LEGAL PERSONS, HAVING THEIR HABITUAL RESIDENCE, LOCATION OR THEIR SEAT OF INCORPORATION IN THE COUNTRY OR TERRITORY WHERE TRANSACTIONS WITH DIGITAL TOKENS ARE PROHIBITED OR IN ANY MANNER RESTRICTED BY APPLICABLE LAWS OR REGULATIONS IF SUCH RESTRICTED PERSON PURCHASES TOKENS, SUCH RESTRICTED PERSON HAS DONE SO ON AN UNLAWFUL, UNAUTHORIZED AND FRAUDULENT BASIS AND IN THIS REGARD SHALL BEAR NEGATIVE CONSEQUENCES CONTEMPLATED IN THIS AGREEMENT ON SALE OF TOKENS.
By purchasing ERC20-based SAFCOIN platform Tokens (“Tokens”) from FHM (Pty) LTD (“Company”) during the Token sale (“Token generation event”), you expressly agree to all of the terms and conditions set forth herein (“Terms”).
These Terms govern the sale of the Tokens during the Generation Period, supersede and replace any public statements about the Tokens offer made by any third parties.
Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring the Tokens.
Ownership of the Tokens gives no rights express or implied, other than the right to use Tokens as cryptocurrency migration for the SAFCOIN as facilitated through a platform that the Company is developing (Safcoin-blockchain). Purchases of the Tokens are non-refundable. You should have no expectation of any shareholder, equity, or other interest or any influence over governance of the Company, or obtaining any right to receive future revenue shares, intellectual property or any other form of participation in the Company, other than the rights relating to the provision and receipt of the SAFCOIN Cryptocurrency.
FHM (Pty) LTD is an exempted company established and validly existing in accordance with the laws of South Africa. The Company has the full power, authority and legal right to execute, deliver and perform its obligations in connection with issuance and sale of Tokens as well as providing the Services of the Platform for its customers. The execution, delivery and performance by the Company of its rights and obligations would not conflict with or result in a breach or violation of its constituent document and/or the laws of South Africa. However, the Company cannot guarantee that its performance and operations comply with the laws of any other jurisdictions and, therefore, shall not be held liable for any breach or violations of such laws.
We advise interested investors to consult crypto experts and/or investment professionals and take their own advice in their decision to purchase Tokens and/or crypto coins. Purchases of the Tokens should be undertaken only by individuals, entities, or companies that have experience with, and understanding of, the usage and intricacies of cryptographic tokens, like bitcoin (“BTC”), and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. The Company will not be responsible for lost fiat investment money to purchase tokens resulting from actions taken by or omitted by Purchasers. Note, in particular, that you should take great care to write down your wallet password and not lose it so as to be sure that you will be able to access your Tokens when it becomes available after the end of the Generation Period. If you do not have such experience or expertise, then you should not participate in the acquisition of the Tokens.
WARNING: CRYPTOGRAPHIC COINS MAY EXPERIENCE EXTREME PRICE VOLATILITY.
Cryptographic coins that possess value in public markets, such as BTC, have demonstrated extreme fluctuations in price over short periods of time on a regular basis. A purchaser of the Tokens should be prepared to expect similar fluctuations, both down and up, in the price of the Tokens denominated in ether (ETH). Such fluctuations are due to market forces and represent changes in the balance of supply and demand. The Company does not guarantee market availability for the Tokens and therefore there may be periods of time in which the Tokens are difficult to buy or sold out. Additionally, due to different regulatory dictates in different jurisdictions and the inability of citizens of certain countries to open accounts at exchanges located anywhere in the world, the liquidity of the coins may be markedly different in different countries and this would likely be reflected in significant price discrepancies.
WARNING: THE PURCHASE OF THE TOKENS ENTAILS A NUMBER OF RISKS.
The purchase of the Tokens carries with it a number of risks. Prior to purchasing the Tokens, you should carefully consider the risks listed below and, to the extent necessary, consult an appropriate lawyer, accountant, and/or tax professional. If any of the following risks are unacceptable to you, you should not purchase the Tokens. By purchasing the Tokens subject to these Terms, and to the extent permitted by law, you agree not to hold the Company liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the purchase and possession of the Tokens, including losses associated with the risks set forth below.
At any point, if you do not agree to any portion of the Terms, you should not proceed to purchase any Tokens.
You agree to purchase such number of the Tokens as ordered by you on the website safcoin.co.za when the Terms are accepted.
The preceding text is just an excerpt from the original 'Terms & Conditions' document. You must read and understand the whole Terms & Conditions to be eligible for participating in this sale.