Token Generation Event Terms - Global Funeral Care

Token Generation Event Terms

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Token Generation Event Terms

The terms and conditions of the GFCS Token Generation Event on ThorBlock are described on this page. These terms can be found on the Global Funeral Care website via the following url: https://www.globalfuneralcare.org/tge-terms/. These terms apply in full force and effect when you take part in the GFCS Token Generation Event and by taking part you expressly accept all terms in full. This is a legally binding contract. The Global Funeral Care white paper, economic model, and website are not a proposal to make any investments and are not related to the offering of securities in any jurisdiction.

The Token Generation Event starts on June 26, 2019 and ends on June 29, 2019. Only 500,000 GFCS VIP-180 tokens will be generated and offered. The price of 1 GFCS VIP-180 token will be 0.35 USD (discount included). GFCS VIP-180 holders can swap their tokens 1:1 with GFCS ERC20 tokens after the TGE. GFCS VIP-180 holders can swap their tokens till July 29, 2019.

Global Funeral Care will conduct an Initial Exchange Offering on p2pb2b and LATOKEN. The ERC20 GFCS tokens will be tradable after the IEO(s) and can be swapped at a 1:1 ratio with mainnet GFCS in the third quarter of 2019.

Global Funeral Care encourages all organizations operating in the funeral industry to use GFCS with the intention of becoming a globally used payment method for the funeral industry.

Please note that the amount of VET exchanged to acquire GFCS is not refundable. When obtaining GFCS you understand that GFCS do not represent or constitute any ownership rights, shares, or any equivalent rights in Global Funeral Care and/or its affiliates.

Individuals, companies, or any other organization should carefully consider all risks, costs, and possible disadvantages before obtaining GFCS. Therefore, trades should only be made by individuals, companies or organizations that have experience with the usage and storage of cryptocurrencies, and should if necessary, obtain his/her/its own independent advice before acquiring GFCS.

Individuals, companies, or any other organizations are not eligible to obtain GFCS through the Token Generation Event if they cannot understand or accept the risks associated with the GFCS Token Generation Event on ThorBlock.

Global Funeral Care, its affiliates, licensors and service providers, and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors and assigns are not responsible in any way for loss of GFCS, and any other tokens or fiat currency resulting from actions taken or neglected by the holders of GFCS.

Acknowledgement and Assumption of Risks

Acquiring GFCS involves significant risks. Therefore, individuals, companies, or any other organization should consider the following risks, and if necessary consult a lawyer or financial expert before determining whether GFCS should be obtained.

The individual, company or any other organization that obtains GFCS understands and acknowledges that GFCS can only be acquired when the individual, company or any other organization owns a wallet with the ability to store GFCS in it. The wallet will be only accessible with a password selected by the individual, company or any other organization. Losing the wallet password can lead to loss of the GFCS stored in that particular wallet. Selecting a weak password can lead to loss of the obtained GFCS because someone can learn or crack the password. Global Funeral Care is not responsible for such losses. Global Funeral Care recommends the individual, company or any other organization to choose a very strong password for the wallet, and to store the password on multiple separate locations. These locations can be vaults or other safety storage mechanisms used by the individual, company or any other organization.

The individual, company or any other organization understands and acknowledges that the Global Funeral Care Platform is currently under development and that significant changes can be made to the platform before it will be released. The individual, company or any other organization understands and agrees that there is a possibility that the released platform does not meet the expectations of the individual, company or any other organization.

The individual, company or any other organization understands that although Global Funeral Care will make every effort to attract every organization working in the funeral industry to the Global Funeral Care Platform, there might be organizations that refuse to use the Global Funeral Care Platform.

The individual, company or any other organization understands that Global Funeral Care will try to meet all its deadlines within the communicated timeframe, but that there is always a possibility that Global Funeral Care fails to meet a deadline. A failed deadline does not give the individual, company or any other organization any right to an indemnity, nor will it allow him to cancel the trade agreement.

The individual, company or any other organization understands that GFCS is not insured, which means that there is no organization to help you in case of loss of GFCS or when GFCS decreases in value, unless you choose to insure your GFCS via a private insurance company.

Representations and Warranties

By participating in the GFCS Token Generation Event the individual, company or any other organization guarantees the following:

  1. The individual, company or any other organization guarantees to be authorized to obtain GFCS in accordance with the laws that apply in the jurisdiction of residence of the individual, company or any other organization.
  2. The individual, company or any other organization has carefully considered all risks, costs, and other disadvantages of acquiring GFCS and the individual, company or any other organization understands all risks, costs, and other disadvantages associated with GFCS and the Token Generation Event.
  3. The individual, company or any other organization understands and acknowledges that no regulatory authority has examined or approved the information on the Global Funeral Care website, and in the Global Funeral Care white paper and the Global Funeral Care economic model and that such action is not and will not be undertaken under the laws, legal requirements or rules of any jurisdiction. Distribution of the information on the Global Funeral Care website and of the information in the Global Funeral Care white paper and the Global Funeral Care economic model does not mean that the applicable laws, legal requirements or rules have been complied with.
  4. The individual, company or any other organization understands and agrees to not use the GFCS Token Generation Event for illegal activities, including but not limited to money laundering.
  5. The individual, company or any other organization understands and agrees that when obtaining GFCS in any event, the GFCS is not be construed, interpreted, classified or treated as:
    1. Any currency other than a cryptocurrency.
    2. Stocks or shares issued by Global Funeral Care.
    3. Rights, derivatives, or options of stocks or shares.
    4. Any other security or class of securities.
  6. The individual, company or any other organization is solely responsible for determining whether the acquisition of GFCS is appropriate.
  7. The individual, company or any other organization does not act as an agent on behalf of another individual or organization wishing to obtain GFCS through the Token Generation Event.
  8. The individual, company or any other organization does not trade in speculative investments.
  9. The individual, company or any other organization understands and agrees that GFCS do not constitute securities in any form in the individual, company or any other organization his/her jurisdiction.
  10. The individual, company or any other organization has a good understanding of the functions and features of cryptocurrencies, cryptocurrency wallets, and blockchain technology.
  11. The individual, company or any other organization understands and agrees that this white paper is not a prospectus or offering document in any kind.
  12. The individual, company or any other organization understands and agrees that obtaining GFCS involves risks associated with Global Funeral Care and its activities.
  13. The individual, company or any other organization agrees to defend, indemnify and hold harmless Global Funeral Care, its affiliates, its licensors and its service providers and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses or fees (including reasonable attorneys’ fees) arising from or related to the acceptance of or the trust on the information on the Global Funeral Care website, and on the information in the Global Funeral Care white paper and Global Funeral Care economic model or a part thereof by you.
  14. The individual, company or any other organization understands and agrees that the Global Funeral Care website, the Global Funeral Care white paper, the Global Funeral Care economic model, the Token Generation Event, and future trading of GFCS will not be construed, interpreted or deemed by the purchaser as an indication of the merits of Global Funeral Care or GFCS.
  15. The individual, company or any other organization agrees that all of the above representations and warranties are true, complete, accurate, and not misleading.

Reliance on Presented Information

The information presented on the Global Funeral Care website, and in the Global Funeral Care white paper and Global Funeral Care economic model is made available solely for general information purposes. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other reader of this white paper, or by anyone who may be informed of any of its contents.

The Global Funeral Care website, Global Funeral Care white paper, and Global Funeral Care economic model include content provided by third parties, including materials provided by other users, bloggers and third-party licensors, syndicators, aggregators and/or reporting services. All statements and/or opinions expressed in these materials, and all articles and responses to questions and other content, other than the content provided by Global Funeral Care, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of Global Funeral Care. We are not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties.

Waiver

All matters relating to these Token Generation Event terms and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed exclusively by Dutch law and you submit to the exclusive jurisdiction of the Dutch court for the purposes of any such dispute.

Any legal suit, action or proceeding arising out of, or related to, these Token Generation Event terms shall be instituted exclusively in the Netherlands, although we retain the right to bring any suit, action or proceeding against you for breach of these Token Generation Event terms in your country of residence or any other relevant country. You waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.

Waiver and Severability

No waiver of Global Funeral Care of any term or condition set forth in these Token Generation Event terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Global Funeral Care to assert a right or provision under these terms of use shall not constitute a waiver of such right or provision.

If any provision of these Token Generation Event terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Token Generation Event terms will continue in full force and effect.

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