Disclaimer for DKSAP-IoT Paper

IMPORTANT NOTICE

NOTHING IN THIS DKSAP-IOT PAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER IOTEX FOUNDATION LTD. (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE IOTEX NETWORK (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE IOTEX NETWORK IN ANY WAY WHATSOEVER (THE IOTEX TEAM), ANY DISTRIBUTOR/VENDOR OF IOTX (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS DKSAP-IOT PAPER, THE WEBSITE AT HTTPS://IOTEX.IO/ (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE FOUNDATION.

This dksap-iot paper is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where this dksap-iot paper includes information that has been obtained from third party sources, the Foundation and/or the IoTeX team have not independently verified the accuracy or completion of such information. Further, you acknowledge that circumstances may change and that this dksap-iot paper may become outdated as a result; and the Foundation is under no obligation to update or correct this document in connection therewith.

This dksap-iot paper does not constitute any offer by the Foundation, the Distributor or the IoTeX team to sell any IOTX (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this dksap-iot paper is or may be relied upon as a promise, representation or undertaking as to the future performance of the IoTeX Network. The agreement between the Distributor and you, in relation to any sale and purchase of IOTX is to be governed by only the separate terms and conditions of such agreement. By accessing this dksap-iot paper or any part thereof, you represent and warrant to the Foundation, its affiliates, and the IoTeX team as follows:

  • (a) in any decision to purchase any IOTX, you have not relied on any statement set out in this dksap-iot paper;
  • (b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
  • (c) you acknowledge, understand and agree that IOTX may have no value, there is no guarantee or representation of value or liquidity for IOTX, and IOTX is not for speculative investment;
  • (d) none of the Foundation, its affiliates, and/or the IoTeX team members shall be responsible for or liable for the value of IOTX, the transferability and/or liquidity of IOTX and/or the availability of any market for IOTX through third parties or otherwise; and
  • (e) you acknowledge, understand and agree that you are not eligible to purchase any IOTX if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the sale of IOTX would be construed as the sale of a security (howsoever named) or investment product and/or (ii) in which access to or participation in the IOTX token sale or the IoTeX Network is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or (including without limitation the United States of America, Canada, New Zealand, People's Republic of China and the Republic of Korea).

The Foundation, the Distributor and the IoTeX team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness or reliability of the contents of this dksap-iot paper or any other materials published by the Foundation). To the maximum extent permitted by law, the Foundation, the Distributor, their related entities and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of this dksap-iot paper or any other materials published, or its contents or otherwise arising in connection with the same. Prospective purchasers of IOTX should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the IOTX token sale, the Foundation, the Distributor and the IoTeX team.

The Distributor of IOTX shall be an affiliate of the Foundation. The contributions in the token sale will be held by the Distributor (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading IOTX does develop, it would be run and operated wholly independently of the Foundation, the Distributor, the sale of IOTX and the IoTeX Network. Neither the Foundation nor the Distributor will create such secondary markets nor will either entity act as an exchange for IOTX.

The information set out in this dksap-iot paper is for community discussion only and is not legally binding. The agreement for sale and purchase of IOTX and/or continued holding of IOTX shall be governed by a separate set of Terms and Conditions or Token Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of IOTX (the Terms and Conditions), which shall be separately provided to you or made available on the Website. In the event of any inconsistencies between the Terms and Conditions and this dksap-iot paper, the Terms and Conditions shall prevail.

This is only a conceptual dksap-iot paper describing the future development goals for the IoTeX Network to be developed. This dksap-iot paper may be amended or replaced from time to time. There are no obligations to update this dksap-iot paper or to provide recipients with access to any information beyond what is provided in this dksap-iot paper.

All contributions will be applied towards the Foundation's objects, including without limitation promoting the research, design and development of, and advocacy for the introduction of a token economy and blockchain technology to the IoT ecosystem, bringing interoperability to IoT so all devices and systems can work together autonomously, at scale, to realize the full value of IoT, and to build the foundation of the technology, economy and ecosystems of the IoT world.

All statements contained in this dksap-iot paper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation, the Distributor and/or the IoTeX team may constitute forward-looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date of this dksap-iot paper and the Foundation and the IoTeX team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward- looking statements to reflect events after such date.

The use of any company and/or platform names or trademarks herein (save for those which relate to the Foundation or its affiliates) does not imply any affiliation with, or endorsement by, any third party. References in this dksap-iot paper to specific companies and platforms are for illustrative purposes only.

This dksap-iot paper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this dksap-iot paper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this dksap-iot paper.

No part of this dksap-iot paper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation.

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