10. Legal Information: Legal Consideration and Disclaimers
PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER LONGHOUSE WATER150 SA (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE W150 TEAM) WHO HAVE WORKED ON THE LONGHOUSE FOUNDATION ECOSYSTEM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE LONGHOUSE FOUNDATION ECOSYSTEM IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF WATER150 tokenS (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 THE PAPER, DECK OR MATERIAL RELATING TO WATER150 token (THE TOKEN DOCUMENTATION) AVAILABLE ON THE WEBSITE AT HTTPS://WWW.WATER150.IO/ (THE WEBSITE, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY FROM TIME TO TIME.
You agree that you are acquiring WATER150 token to participate in the Longhouse foundation ecosystem and to obtain goods and services there within. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for the Water150 token. The Company is acting solely as an arms’ length third party in relation to the WATER150 token distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of WATER150 token.
The Token Documentation should not be considered as a recommendation or advice to participate in the Water150 project or purchase tokens. Longhouse Water150 provides no guarantee of profit or the return of the original capital with regards to participating in the Water150 project and purchasing tokens. Purchasing tokens involve a high level of financial risk. You can lose all your assets. The participant understands and accepts that Longhouse Water150 SA provides no guarantee in relation to market liquidity and the value of tokens over time may experience extreme volatility or depreciate in full. As a result, you should carefully consider all possible risks and you shall be free to make a decision regarding whether or not to participate and how to avoid possible risks. You shall carefully and independently consider your personal financial situation, trading experience, financial objectives and laws applicable to you in your country of residence. The decision to participate in the project and/or purchase tokens rests entirely on the participant’s own independent judgment and cannot be relied on the information contained in the Token Documentation. The management team of this project is not liable for any damages or compensation towards participants.
This document is not a prospectus nor a solicitation for investment and it does not pertain in any way to an offering of securities in any jurisdiction. Ownership of tokens does not grant ownership of this project or decision-making rights in relation to the direction of this project. Longhouse Water150 SA tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the and its corporate affiliates, other than any rights relating to the provision and receipt of services from Longhouse Water150 SA. Tokens do not provide any governance rights of any kind. Development and execution of the project is solely and exclusively of the competence of Longhouse Water150 SA. Longhouse Water150 SA is free to develop and execute the project at its own discretion.
By accessing the Token Documentation or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the W150 team as follows: (a) in any decision to acquire any WATER150 token, you have not relied on and shall not rely on any statement set out in the Token Documentation or the Website; (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 WATER150 token may have no value, there is no guarantee or representation of value or liquidity for WATER150 token, and WATER150 token is not an investment product nor is it intended for any speculative investment whatsoever; and (d) none of the Company, the Distributor, their respective affiliates, and/or the W150 team members shall be responsible for or liable for the value of WATER150 token, the transferability and/or liquidity of WATER150 token and/or the availability of any market for WATER150 token through third parties or otherwise.
WATER150 tokens are designed to be utilized, and that is the goal of the WATER150 token distribution. In particular, it is highlighted that WATER150 token: (a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value); (b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates; (c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the Longhouse foundation ecosystem and the water150 project, the Company, the Distributor and/or their service providers; (d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; (e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment; (f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and (g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates. Notwithstanding the WATER150 token distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution. To the extent a secondary market or exchange for trading WATER150 token does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of WATER150 token and the Wate150 project. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for WATER150 token.
The participant should be aware that the project is still under development and may be subject to any changes, including updated terms and conditions, propose, protocol, algorithm, source code, other technical specification. The project may face any technical and other difficulties some of which cannot be predicted. Development of the project may be suspended or terminated at any time and for any reason. The status of tokens and distributed ledger technology remains uncertain in many jurisdictions and cannot be predicted whether any regulatory authority will apply existing regulations to such technology. There can be restrictions or bans in certain jurisdictions applied to the use of the project. Tokens or the project can be interfered with by malicious persons in many ways, including, without limitation, malware attacks, denial of service attacks, Sybil attacks, phishing, social engineering, hacking, smurfing, spoofing, double spending. The field of digital cryptography is very new and for this reason there is a risk of unforeseen attacks on several or all parts of the token system. In the event of such an attack/hack, you may lose all tokens.
No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Token Documentation or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Token Documentation or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
The content of the Token Documentation, our Website, including blog, social media and any press release or article regarding Longhouse Water150 SA and the WATER150 token or public statements, are non binding and are subject to change by Longhouse Water150 at its sole discretion.