Crowdsale Terms

These terms of use apply to the Global Funeral Care crowd sales.

Crowdsale Terms

The terms & conditions of our crowdsale as well as the exact timeline are described in this document. These terms can be found on the Global Funeral Care website via the following url: https://www.globalfuneralcare.org/crowdsale-terms/, the crowdsale terms can also be found in the back of the Global Funeral Care white paper. These terms apply in full force and effect when you take part in the GFCS crowdsale and by taking part you expressly accept all terms in full. This is a legally binding contract. You are not eligible to buy GFCS through the crowdsale if you do not agree with our crowdsale terms or if you are a citizen or resident of a country where the purchase of GFCS is prohibited. 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 Global Funeral Care Foundation developed the GFCS token and the GFC currency. The GFCS token is an ERC20 token that is specifically created for the crowdsale. The GFCS tokens can ONLY be stored in ERC20 compatible wallets, such as, MyEtherWallet (MEW). GFCS purchasers must not use wallet addresses from exchanges to store GFCS crowdsale tokens.

GFCS owners will be able to swap the GFCS crowdsale token for the proof of stake mainnet coins after June 30th, which is after the crowdsale. The Global Funeral Care Foundation will provide more information on the swap during the final sale.

The current downloadable GFC wallets can only be used to store mainnet coins and not to store the GFCS crowdsale token. Sending GFCS to these wallets will result in a loss of GFCS

GFC is developed with the intend to become a worldwide accepted currency that can be used to pay for goods and services in or related to the funeral industry, and, furthermore GFC can be used for all services and products available on the Global Funeral Care Platform. GFCS and GFC are not intended to be a security in any jurisdiction.

Please note that the purchase of GFCS is not cancelable or amendable, and that the amount paid to acquire GFCS is not refundable. When purchasing GFCS you understand that GFCS and GFC do not represent or constitute any ownership rights, shares, or any equivalent rights in the Global Funeral Care Foundation and/or its affiliates.

Individuals, companies, or any other organization should carefully consider all risks, costs, and possible disadvantages before purchasing GFCS. Therefore, purchases 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 organization are not eligible to buy GFCS through the crowdsale if they cannot understand or accept the risks associated with the GFCS crowdsale.

The Global Funeral Care Foundation, 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, GFC, and any other tokens or fiat currency resulting from actions taken or neglected by the purchasers of GFCS.

Acknowledgement and Assumption of Risks

The purchase of 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 purchased.

The purchaser understands and acknowledges that GFCS can only be acquired when the purchaser owns a wallet with the ability to store GFCS in it. The wallet will be only accessible with a password selected by the purchaser. 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 purchased GFCS because someone can learn or crack the password. The Global Funeral Care Foundation is not responsible for such losses. The Global Funeral Care Foundation recommends the purchaser 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 purchaser.

The purchaser 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 purchaser understands and agrees that there is a possibility that the released platform does not meet the expectations of the purchaser.

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

The purchaser understands that GFCS and GFC are not insured, which means that there is no organization to help you in case of loss of GFCS and/or GFC or when GFCS and/or GFC decrease in value, unless you choose to insure your GFCS and/or GFC via a private insurance company.

Purchasers Representations and Warranties

By participating in the GFCS crowdsale purchasers guarantee the following:

  1. The purchaser guarantees to be authorized to purchase GFCS in accordance with the laws that apply in the jurisdiction of residence of the purchaser.
  2. The purchaser has carefully considered all risks, costs, and other disadvantages of acquiring GFCS and the purchaser understands all risks, costs, and other disadvantages associated with GFCS and the crowdsale.
  3. The purchaser 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 purchaser understands and agrees to not use the GFCS crowdsale for illegal activities, including but not limited to money laundering.
  5. The purchaser understands and agrees that when purchasing GFCS or GFC in any event, the GFCS and GFC are not be construed, interpreted, classified or treated as:
    1. Any currency other than a cryptocurrency.
    2. Stocks or shares issued by The Global Funeral Care Foundation.
    3. Rights, derivatives, or options of stocks or shares.
    4. Any other security or class of securities.
  6. The purchaser is solely responsible for determining whether the acquisition of GFCS is appropriate.
  7. The purchaser does not act as an agent on behalf of another individual or organization wishing to purchase GFCS in the crowdsale.
  8. The Purchaser does not trade in speculative investments.
  9. The purchaser understands and agrees that GFCS and GFC do not constitute securities in any form in the purchaser his jurisdiction.
  10. The purchaser has a good understanding of the functions and features of cryptocurrencies, cryptocurrency wallets, and blockchain technology.
  11. The purchaser understands and agrees that this white paper is not a prospectus or offering document in any kind.
  12. The purchaser understands and agrees that purchasing GFCS involves risks associated with the Global Funeral Care Foundation and its activities.
  13. The purchaser agrees to defend, indemnify and hold harmless the Global Funeral Care Foundation, 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 purchaser understands and agrees that the Global Funeral Care website, the Global Funeral Care white paper, the Global Funeral Care economic model, the crowdsale, and future trading of GFCS and GFC will not be construed, interpreted or deemed by the purchaser as an indication of the merits of The Global Funeral Care Foundation or GFCS or GFC.
  15. The purchaser 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 the Global Funeral Care Foundation, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of the Global Funeral Care Foundation. 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 crowdsale 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 crowdsale 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 crowdsale 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 the Global Funeral Care Foundation of any term or condition set forth in these crowdsale 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 the foundation 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 crowdsale 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 crowdsale terms will continue in full force and effect.

KYC and AML

During the private sale, pre-sale, and final sale, participants will have to submit their identity documents. The Global Funeral Care Foundation uses IDnow for Know Your Customer (KYC and Anti-Money Laundering (AML) requirements.

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