Disclaimer

Disclaimer

LEGAL DISCLAIMER

PLEASE READ THE ENTIRETY OF THIS "LEGAL 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. HON Pte. Ltd.(“THE COMPANY”), AND THE EMPLOYEES OF THE COMPANY THAT PARTICIPATED IN THE COMPANY’S SERVICE, SOUL SOCIETY RELATED WORKS (COLLECTIVELY “THE COMPANY, ETC.”), SHALL NOT BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, MATERIALS RELATING TO HON (THE “TOKEN DOCUMENTATION”) AVAILABLE ON THE WEBSITE (INCLUDING SOUL SOCIETY AND ITS SUB-DOMAINS, “THE WEBSITE”,) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY FROM TIME TO TIME.

Project purpose

You agree that you are acquiring Hon to participate in Soul Society and to obtain services on the ecosystem provided thereon. The Company etc. develops and contributes to the underlying source code for Soul Society. The Company is acting solely as an arms’ length third party in relation to the Hon distribution, and is not acting in the capacity of a financial advisor or fiduciary of any person with regard to the distribution of Hon.

Nature of the Token Documentation

The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of a digital token to be known as Hon. The Token Documentation and the Website are intended for general informational purposes only and are not an explanation of an investment, an offer document, an offer of securities, a solicitation, or any offer to sell or engage in the business of an asset (not limited to digital assets). The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding or contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, etc. have not independently verified the accuracy or completeness of such information. Further, you acknowledge that the Token Documentation or the Website may become outdated; and the Company, etc. is not under any obligation to update or correct this document in connection therewith.

Limitation on Token Documentation and Website

Nothing in the Token Documentation or the Website constitutes any offer by the Company, etc. to sell any Hon nor shall it be relied upon in any investment decision. Nothing contained in the Token Documentation or the Website is, or may be relied upon as, a promise, representation or undertaking as to the future performance of Soul Society. The agreement between the Distributor (or any third party) and you in relation to any distribution or transfer of Hon is to be governed only by the separate terms and conditions of such agreement.

No person including the Company, etc. is bound to enter into any contract or binding agreement in relation to the acquisition of Hon, and no digital asset or other form of payment is to be accepted on the basis of the Token Documentation or the Website. The agreement on the distribution of Hon and/or continued holding of Hon shall be governed by a separate set of Terms and Conditions or the Agreement. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions shall prevail.

Deemed Representations and Warranties

By accessing the Token Documentation or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, etc. as follows:

(a) in any decision to acquire any Hon, 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 Hon may have no value, guarantee or representation of value, that no liquidity or any benefit arising therefrom for Hon was provided, and that HON is not an investment product nor is it intended for any speculative investment whatsoever;

(d) The Company, etc. shall not be responsible or liable for the value of Hon, the transferability and/or liquidity of Hon, and/or the availability of any market for Hon through third parties or otherwise; and

(e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of Hon if you are a citizen, national, domiciliary etc. of a geographic area or country (i) where it is likely that the distribution of Hon would be construed as the sale of a security, financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law or administrative act; and to this effect you agree to respond to any request from a third party regarding verification, etc.

The Company, etc. hereby disclaims all representations, warranties or undertakings to anyone in relation to Soul Society and Hon.. To the maximum extent permitted by law, regardless of whether or not you have been advised of the potential benefit or loss of Hon, the Company, etc. shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, default, etc. arising from the use of the Token Documentation or the Website. Prospective acquirers of Hon should carefully consider and evaluate all risks and uncertainties associated with the distribution of Hon, the Company, etc.

Hon Token

Hon is designed to be utilized for guild organization, quest formation and participation therein, etc., and has the below characteristics:

(a) Hon does not have any tangible or physical manifestation, and does not have any intrinsic value;

(b) the Company, etc. has no obligation to exchange Hon for cash, etc.;

(c) Hon does not represent or confer onto a token holder any rights including any right to receive financial benefits including dividends, intellectual property rights, etc. from the Company, etc.;

(d) is not intended to represent any rights under a contract for differences or under any other contract where the purpose of which is to secure a profit or avoid a loss;

(e) is not equivalent to a unit in any financial instrument or investment;

(f) does not constitute a loan to the Company, etc.

Notwithstanding the Hon distribution, Token acquirers have no economic or legal or financial rights over the Company, etc. after the token distribution. To the extent a secondary market or exchange for trading Hon does develop, it would be run and operated wholly independently of the Company, etc. The Company, etc. will not operate such secondary markets for Hon.

Informational purposes only

The information set out herein is only conceptual, and describes the development goals for Soul Society. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans of the Company, etc. and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, etc. Further, the Token Documentation or the Website may be amended or replaced from time to time. There are no obligations for the Company, etc. to update the Token Documentation or the Website, or to provide anyone with access to any information beyond what is provided herein.

Regulatory approval

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 existence and issuance of the Token Documentation or the Website does not imply that the applicable laws etc. have been complied with. Any information specified in the Token Documentation or the Website may work against you adversely when a regulatory authority applies a new policy or law in relation to Hon in the future.

Cautionary Note on forward-looking statements

All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, etc. may constitute forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve risks, uncertainties and other factors that may cause the actual future results to be materially different from what was described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements. These forward-looking statements are applicable only as of the date indicated in the Token Documentation, and the Company, etc. expressly disclaims any responsibility to release any revisions to these forward-looking statements to reflect events after such date.

References to companies and platforms

Reference to any company and/or platform names or trademarks herein are only for explanation and does not imply any affiliation with, or endorsement by, any third party.

English language

The Token Documentation and the Website may be translated into a language other than English for reference purposes only, and in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Token Documentation and the Website.

No Distribution

No part of the Token Documentation or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company, etc. By attending any presentation on this Token Documentation or by accepting any hard or soft copy of the Token Documentation, you agree to be bound by the foregoing limitations. This document will not be interpreted as marketing or advertisement of Hon, and may not be copied, reproduced, distributed or disseminated for the purpose of marketing or advertisement of Hon, with the exception of informational purposes.