Disclaimers

  • Self-assessment of sophisticated Investors

Purchase of Deriveum tokens should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, like Ether (“ETH”), and block-chain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens.

Further purchasers will undertake self-assessment on their knowledge and understanding of financial contracts and financial derivatives in particular. Only individuals, entities, or companies that understand fully the functionalities, capacities and constrains of the Deriveum token should proceed and purchase it.

 

  • Price volatility disclaimer

The Deriveum tokens do not represent any formal or legally binding investment.

Cryptographic tokens that possess value in public markets, such as ETH, have demonstrated extreme fluctuations in price over short periods of time on a regular basis. Purchasers should be prepared to expect similar fluctuations. Such fluctuations are the result of supply and demand forces experienced by token users. We guarantee market liquidity only to the amounts allocated to the Price Stability Mechanism as described in Schedule 3.

 

By purchasing Deriveum tokens, users expressly acknowledge and represent that they fully understand that the token may experience volatility in pricing and will not seek to hold any of the two-tier parties (the issuer or the CCU) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to, the purchase of Deriveum token.

 

 

  • Liability disclaimer

Purchasing Deriveum token entails a number of risks concerning its valuation, safekeeping and continuous access to technical infrastructure (access to Internet, online exchange account, etc.). Users expressly acknowledge and represent that they fully understand that the token may experience volatility in pricing, liquidity, technical access, data breaches and will not seek to hold any of the two-tier parties (the issuer or the CCU) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to, the purchase of Deriveum token. As such neither the issuer nor the CCU will be held liable for any damages that may arise from any lawful actions of the two. The lawful actions will be determined based on the legislation in force of the two jurisdictions respectively, seen separately for each company.

 

  • Taxation disclaimer

When purchasing the Deriveum token users acknowledges that they fully understand that they are solely responsible for any tax reporting and payment, levies or similar dues to tax authorities of their respective jurisdiction. Users will not seek to hold the issuer or the CCU liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to, the purchase of Deriveum token as far as taxation issues are concerned.

 

Users acknowledge that they fully understand that the details of their dealings, accounts and trading history information will be shared by the issuer or the CCU with the tax and law enforcement authorities of the jurisdiction that has issued his/her electronic certificate.

 

Users acknowledge that they fully understand that the details of their dealings, accounts and trading history information will be shared by the issuer or the CCU with tax and law enforcement authorities outside the jurisdiction that has issued their electronic certificates if the request from the said jurisdiction is made by competent authority and is connected to a criminal investigation.

 

  • Disclaimer on deliverables

The Issuer may delay the deliverables described in this White Paper, if considerable technical difficulties arise. The delay may not exceed 90 days.

 

  • Disclaimer on costs of money transfer

All costs of money, currencies, crypto assets or others transfers of value are to be for the account of the user. The Issuer may take appropriate sums out of the transferred amounts, should such eventuality arises, as to cover the said expenses.

 

The Issuer and/or the CCU will not remit wei, cents or parts of other currencies to the users should the transfer costs exceed the amount overpaid in the ICO or due in other circumstances. The user agrees that those amounts will be considered transaction costs for the purchase.

 

  • Disclaimer on the Terms and Conditions of use

This White Paper will not give rise to any claims by the users that may impact the Terms and Conditions of use duly published on the official ICO webpage: www.deriveum.com. The Terms and Conditions are binding and are to be interpreted in line with the ordinary legal theory. The rights of users/investors set out by the Terms and Conditions are in line with the rights set up in this White Paper and any interpretation of the said rights/liabilities will take both texts under consideration.

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  • Disclaimer concerning identification

Users acknowledge that they fully understand that the status of their electronic certificates will be checked by the CCU. If their electronic certificates have been withdrawn, are out of date or any technical malfunction frustrates the verification process the CCU may, at its own discretion, refuse to confirm user identity.  Users will not seek to hold the issuer or the CCU liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to user verification as far as the issue has originated outside the CCU’s organizational structure.

 

The CCU may refuse to identify users, in essence blocking their accounts, also if there is a court or administrative order to do so, or if users have been targeted by international sanctions or are subject to asset freeze by the jurisdiction of the CCU incorporation. The CCU may refuse to identify users, in essence blocking their accounts, also in case of urgency and on request of competent authorities in the public interest and in cases relating to money laundering, illegal proceeds, theft (of assets or identity), ransom payment, terrorism funding, or support and/or funding of activities considered illegal under the laws of the CCU’s incorporation jurisdiction. In those circumstances users will not seek to hold the issuer or the CCU liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to the user verification, but will address their claims to the competent authority that has made the request for the asset freeze.

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