2.2 The allocation and sale of tokenan parts to parts of the business. The buyer accepts the participation of former, current and future employees, executives, directors, contractors, consultants, shareholders, suppliers, suppliers and service providers of the company in the purchase of tokens, including those who may work on the design and implementation of the project or who may work for future companies of the company, which the company can set up with a portion of the proceeds of the token distribution (these parts, „corporate parts”). 1.1 Terms to purchase the site. The terms of purchase (which can be changed over time, the „conditions of purchase”) in www.cecilalliance.com (the „website”) are here to nodded. The wholesale terms that are used here, but are not defined, must have the meanings attributed to them on the site. 5.1.12 Funds; Payments. Funds, including Fiat, virtual currency or cryptocurrency, buyers used to buy tokens are not derivative or related to illegal activities, including, but not limited to money laundering or terrorist financing. The crypto-company AriseBank recently allegedly made false allegations that it had exploited an initial fraudulent offering. Like the victims of AriseBank, you may find that you are unhappy with the digital tokens you have purchased.
You may not have received the tokens in a usable form or have received the promised cryptocurrency functions. This article must contain a general summary of the possible legal rights under Singapore law that a token buyer may have against a token issuer in the event of a misrepresentation on the part of the token exhibitor that led to a purchase of tokens from the token issuer. The right must be invoked within six years of the misrepresentation or from the time the purchaser knew that the factual allegation presented was false, as is the case later. 6.7 No investment offer, securities, commodities or swaps. The purchaser recognizes and understands that: (a) the sale of tokens and tokens themselves are not investments, currencies, securities, commodities, swaps on a currency, warranty or commodity, or a financial asset or financial instrument of any kind; (b) token purchases and sales are not subject to the protection of laws governing such financial instruments; and (c) this agreement and any other document referred to in this agreement, including the white paper, do not constitute a prospectus or offer document and do not constitute an offer to sell, nor does it constitute an invitation to purchase an investment, currency, guarantee, commodity or exchange on a guarantee, financial asset or financial instrument of any kind. If it is not possible to retract, the token purchaser may claim damages, as these are losses directly caused by his entry into the TPA from the token issuer, whether the loss was foreseeable or not. If the token buyer has sold his tokens at a loss. B, the TPA cannot be revoked, but it can argue the difference between the price at which the buyer resold his tokens and the purchase price he paid to the token issuer for the token. However, the token buyer must credit all the benefits he has received as a result of the TPA.
Such an advantage that the buyer could have obtained is that if the token had already gained value and the buyer was selling some of it and he was making a certain profit – his claim must deduct the profit he made.