MONART TOKEN DISCLAIMER2019-10-27T21:43:52+01:00

MONART TOKEN DISCLAIMER

INTRODUCTION

The purchaser of MONART tokens (hereinafter the ‘Purchaser’) understands and accepts that Monart Limited (hereinafter ‘Monart’) has no intention of substituting the purchaser in the knowledge that the latter must hold for his purchases on the crypto-active market. In purchasing MONART tokens, the Purchaser shall be solely responsible for his actions and shall be deemed to have understood, at all times, the consequences of his actions, and to have been aware of the conditions of the crypto-active market.

The Purchaser understands, accepts and acknowledges that the crypto-asset market involves risks that should be carefully considered by the Purchaser prior to taking any decision as to whether or not the Purchaser should proceed with a purchase of MONART tokens. It shall be the sole responsibility of the Purchaser to become informed of any risks that may arise in crypto-asset market, as well as in the area of blockchain and distributed ledger technology in general.

The Purchaser further understands, accepts and acknowledges that any systems, platforms, technologies or any other technological structures, software and/or protocols to the like effect (hereinafter ‘Systems’) created and/or relied upon by Monart, including but not limited to any platform relied upon for the conducting of an Initial Virtual Financial Asset Offering (IVFAO), may involve substantial risks, and investing and/or participating in any such Systems may expose the Purchaser to certain risks. It shall be the sole responsibility of the Purchaser to evaluate such risks prior to taking any decision as to whether or not the Purchaser should invest and/or participate in any such Systems.

The Purchaser understands, accepts and acknowledges that Monart shall not be liable for the loss of MONART tokens, piracy, and/or any other situation whatsoever that may cause the Purchaser to loose and/or to access his MONART tokens where such loss results as a consequence, directly or indirectly, from any act or omission on the part of the Purchaser. For the purpose of this disclaimer, any reference to ‘Purchaser’ shall be construed as referring also to users of Monart’s Systems, and this disclaimer shall apply mutatis mutandis. Furthermore, for the purpose of this disclaimer, any reference to ‘Purchaser’ shall be construed as referring also to any person who holds MONART tokens, whether or not such person is the Purchaser.

This whitepaper (‘Whitepaper’) is drafted in terms of the Virtual Financial Assets Act, Chapter 590 of the Laws of Malta (hereinafter ‘VFA Act’), and has been submitted for registration in terms of the same. Therefore, it shall not be construed as constituting a prospectus or any other document required in terms of any other law other than the VFA Act. This Whitepaper is not intended to constitute an offer to sell, or an invitation to an offer to buy and/or subscribe to a security or any other financial instrument or investment product that does not fall within the scope of the VFA Act. The Purchaser understands, accepts and acknowledges that this Whitepaper shall only be construed as referring to the Virtual Financial Asset (‘VFA’) to which it refers.

This Whitepaper, in whole or in part, and any copies thereof, shall not be taken or transmitted to any country where the distribution of whitepapers is prohibited or restricted, or otherwise contrary to the law.

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