A. This document includes binding terms and conditions of the transaction between you (“Purchaser”, “User”, “you”) and, as the case may be,
1. GLOBAL CYBER SECURITY SUMMITS,London, a company organized and existing under British law, having its registered seat in London, address:
2. Ryefield Court, Joel Street, Northwood, United Kingdom, HA6 1LP for the Company nor for any other persons including the developers of Blockchain.. Any payment received by the Company after the end of the Sale Period will be accepted only if it was originated during the Sale Period. Company may request to provide evidence of payment from Purchaser. The Company has the right to enter into agreement with any of Purchasers on special conditions (including commercial conditions) which may be different from those stipulated by these Terms.
3. Purchase Procedure. Purchase procedure for LIOCOIN including registration, payment and distribution, is described in detail on the Site.
4. Terms and Conditions of LIOCOIN. Also, the LIOCOIN terms and conditions are as set forth in the White Paper (since it is custom for blockchain community in respect of sale of goods which are similar to LIOCOIN Presale) located at Site, which terms are incorporated herein by reference.
5. Cancellation; Refusal of Purchase Requests. The purchase of LIOCOIN from the Company is final upon the distribution of LIOCOIN and there will be no refunds or cancellations except as specifically provided in these Terms. The Company reserves the right to cancel any LIOCOIN purchase or refuse any purchase requests at Company’s sole discretion for any reason. In such case, Company will issue a refund in the same form of payments as was made by you and to the same wallet address, bank account, or a third-party payment processor where your funds were transferred from. We may deduct the transaction cost from the refund amount, if any.
6. Acknowledgment and Assumption of Risks. You acknowledge and agree that by purchasing, owning, and using LIOCOIN, you expressly acknowledge and assume the following risks:
(a) Risk of Losing Access to LIOCOIN Due to Loss of Private Key(s), Custodial Error, or Your Error. A private key, or a combination of private keys, is necessary to control and dispose of LIOCOIN stored in your digital wallet ,dashboard, vault. Accordingly, loss of the requisite private key(s) associated with your digital wallet or vault storing LIOCOIN will result in loss of such LIOCOIN PRESALE COINS. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your LIOCOIN . Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store LIOCOIN, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your LIOCOIN PRESALE COINS. Additionally, your failure to precisely follow the procedures set forth for buying and receiving LIOCOIN, including, for instance, if you provide an incorrect personal wallet address, or provides an address that is not LIOCOIN, may result in the loss of your LIOCOIN.
(b) Risks Associated with the blockchain Protocol. The Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
(c) Risks Arising from Taxation. Tax treatment and characterization of liocoin is uncertain. You must seek your own tax advice in connection with purchasing LIOCOIN, which may result in adverse tax consequences to you, including withholding taxes, income taxes, indirect taxes and tax reporting requirements.
(d) Risks Arising from Lack of Governance Rights. Because LIOCOIN confer no governance rights of any kind with respect to the Company and the owner of the Platform, all decisions involving the Platform or the Company itself will be made by the Company and the owner of the Platform at their sole discretion, including but not limited to, decisions to discontinue the Platform, to create and sell more LIOCOIN for use in the Platform, or to sell or liquidate the Company. These decisions could adversely affect the Platform and the utility of any LIOCOIN you own.
(e) Risks Associated with Lack of Information. Purchasers may not be able to obtain all information it would want regarding the Company, theLIOCOIN, the Platform, or the LIOCOIN PRESALE PART on a timely basis or at all. It is possible that Purchasers may not be aware on a timely basis of material adverse changes that have occurred. While the Company has made efforts to use open-source development for the LIOCOIN, this information may be highly technical by nature. As a result of these difficulties, as well as other uncertainties, Purchasers may not have accurate or accessible information about the Platform.
(f) Risks Associated with Transfer Restrictions. The LIOCOIN have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), the securities laws of any state of or the securities laws of any other jurisdiction and therefore cannot be offered, sold, pledged or otherwise transferred, except as described in the section entitled “Transfer Restrictions” in these Terms. These restrictions may adversely impact your ability to resell the LIOCOIN or the price at which you may be able to resell them, if at all. LIOCOIN are not redeemable at the option of the holder and holders of LIOCOIN will not have the right to withdraw their capital. It is not contemplated that the LIOCOIN will ever be registered. Each Purchaser must represent that it will only sell or transfer its LIOCOIN in accordance with the restrictions set forth under ‘‘Transfer Restrictions” in these Terms and in a manner permitted by applicable laws and regulations. Consequently, Purchasers must be prepared to bear the risk of an investment in LIOCOIN for an extended period of time.
(g) Unanticipated Risks. Cryptographic COINS such asl LIOCOIN are a new and untested technology. In addition to the risks included above, there are other risks associated with your purchase, possession, and use of the LIOCOIN, including unanticipated risks. Such risks may further materialize as unanticipated variations or combinations of the risks discussed above. NONE OF THE INFORMATION PRESENTED ABOVE IS INTENDED TO FORM A BASIS FOR ANY INVESTMENT DECISION, AND NO SPECIFIC RECOMMENDATIONS ARE INTENDED. THE COMPANY EXPRESSLY DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM:
(I) RELIANCE ON ANY INFORMATION CONTAINED IN THESE TERMS.
(II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION.
(III) ANY ACTION RESULTING FROM SUCH INFORMATION.TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN WRITING BY COMPANY,
(A) THE LIOCOIN ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES AS TO THELIOCOINS, INCNLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NONINFRINGEMENT;
(B) COMPANY DOES NOT REPRESENT OR WARRANT THAT THE LIOCOIN ARE RELIABLE, CURRENT OR ERROR-FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE LIOCOIN WILL BE CORRECTED; AND
(C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE LIOCOINS OR THE DELIVERY MECHANISM FOR LIOCOIN ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
(b) Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this Section may not apply to you. 10. Limitation of Liability. (a) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW:
(i) IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, LOSS OF USE OR DATA, OR DAMAGES FOR BUSINESS INTERRUPTION) ARISING OUT OF OR IN ANY WAY RELATED TO THE SALE OR USE OF THE LIOCOIN OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE)
(ii) IN NO EVENT WILL THE AGGREGATE LIABILITY OF COMPANY AND THE COMPANY PARTIES (JOINTLY), WHETHER IN CONTRACT, WARRANTY, TORT (INONLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER THEORY, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE THE LIOCOIN, EXCEED THE AMOUNT YOU PAY TO THE COMPANY FOR THE LIOCOIN. The validity, interpretation, construction and performance of these Terms, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of UK, without giving effect to principles of conflicts of law.
Dispute Resolution; Arbitration. PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND LIOCOIN AIMS WITH COMPANY AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM COMPANY.You expressly agree with and accept these Terms and all terms incorporated herein by reference by proceeding with the purchase of LIOCOINS.
Termination - Company may terminate this Agreement with any one of you, i.e. to refuse the further service.