This document is not a prospectus. It was created with the sole purpose of information, to explain PlexCorps’ products. No purchase is necessary; it is of your resort to take part in the project or not. It is your responsibility to consult the applicable laws of your country before purchasing PlexCoin. PlexCorps disclaims any responsibility mentioned in this document and commits to comply with the laws outlined hereunder.
Applicable laws
This Agreement shall be governed and construed in accordance with the laws of Singapore.
All disputes, controversies or differences arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be first referred to mediation in Singapore in accordance with the Mediation Rules of the Singapore International Mediation Centre for the time being in force.
Common risk factor
You must read and understand the standard clauses required for the sale of token.
Certain risks relating to purchase, sale and use of PlexCoin (PLX) tokens.
Important Note: As noted elsewhere in these Terms, the PlexCoin (PLX) are not being structured or sold as securities or any other form of investment product. Accordingly, none of the information presented in this document is intended to form the basis for any investment decision, and no specific recommendations are intended. Company expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Exhibit A, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.
By purchasing, holding and using PlexCoin (PLX), you expressly acknowledge and assume the following risks:
Risk of losing access to PlexCoin (PLX) due to loss of private key(s), custodial error or purchaser error
A private key, or a combination of private keys, is necessary to control and dispose of PlexCoin (PLX) stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing PlexCoin (PLX) will result in loss of such PlexCoin (PLX). Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a digital wallet or vault service you use, may be able to misappropriate your PlexCoin (PLX). Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store PlexCoin (PLX), including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your PlexCoin (PLX). Additionally, your failure to follow precisely the procedures set forth in Section 5.10 for buying and receiving PlexCoin (PLX), including, for instance, if you provide the wrong address for receiving PlexCoin (PLX), may result in the loss of your PlexCoin (PLX).
Risks associated with the ethereum protocol
Because PlexCoin (PLX) and the Platform are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the Platform or PlexCoin (PLX). Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to PlexCoin (PLX) and the Platform, including the utility of PlexCoin (PLX) for obtaining Services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
Risk of mining attacks
As with other decentralized cryptographic tokens based on the Ethereum protocol, PlexCoin (PLX) are susceptible to attacks by miners in the course of validating PlexCoin (PLX) transactions on the Ethereum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the Platform and PlexCoin (PLX), including, but not limited to, accurate execution and recording of transactions involving PlexCoin (PLX).
Risk of hacking and security weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with the Platform or PlexCoin (PLX) in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, because the Platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the Platform, which could negatively affect the Platform and PlexCoin (PLX), including PlexCoin (PLX) utility for obtaining Services.
Rise of uninsured losses
Unlike bank accounts or accounts at some other financial institutions, PlexCoin (PLX) are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by us, to offer recourse to you.
Risks associated with uncertain regulations and enforcement actions
The regulatory status of PlexCoin (PLX) and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the Platform and PlexCoin (PLX). Regulatory actions could negatively impact the Platform and PlexCoin (PLX) in various ways, including, for purposes of illustration only, through a determination that PlexCoin (PLX) are a regulated financial instrument that requires registration or licensing. Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
Risks arising from taxation
The tax characterization of PlexCoin (PLX) is uncertain. You must seek your own tax advice in connection with purchasing PlexCoin (PLX), which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
Risk of an unfavorable fluctuation of Ethereum and other currency value
The Company team intends to use the proceeds from selling PlexCoin (PLX) to fund the maintenance and development of the Platform, as described further in Section 5.15 The proceeds of the sale of PlexCoin (PLX) will be denominated in Ethereum, Bitcoin or Litecoin, and may, at our discretion, be converted into other cryptographic and fiat currencies. If the value of Ethereum or other currencies fluctuates unfavorably during or after the Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Platform in the manner that it intended.
Risk of dissolution of the company
It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of Ethereum (or other cryptographic and fiat currencies), decrease in PlexCoin (PLX) utility, the failure of commercial relationships, or intellectual property ownership challenges, the Company may dissolve.
No Refund
The User understands and accepts that all Contributions for PlexCoin (PLX) are final and may not be reversed. By contributing for PlexCoin (PLX), the User acknowledges that he has no right to request a refund for any reason, and that the user will not receive money or other compensation for any PlexCoin (PLX) that is not used or remains unused.
Risk arising from lack of governance rights
Because PlexCoin (PLX) confer no governance rights of any kind with respect to the Platform or Company, all decisions involving the Platform or Company will be made by Company at its sole discretion, including, but not limited to, decisions to discontinue the Platform, to sell more PlexCoin (PLX) for use in the Platform, or to sell or liquidate the Company. These decisions could adversely affect the Platform and the utility of PlexCoin (PLX) that you hold, including PlexCoin (PLX) utility for obtaining Services.
Unanticipated risk
Cryptographic tokens such as PlexCoin (PLX) are a new and untested technology. In addition to the risks included in this whitepaper there are other risks associated with your purchase, holding and use of PlexCoin (PLX), including those that the Company cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Prospectus.
No Liability
The User acknowledges and agrees that, to the fullest extent permitted by any applicable law, the user will not hold any developers, auditors, contractors or founders of the PlexCoin (PLX), liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use, PlexCoin (PLX) under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that developers, auditors contractors or founders of the PlexCoin (PLX) Project shall not be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use of, or the inability to use of the PlexCoin (PLX).
The user further specifically acknowledges that developers, auditors, contractors or founders of the PlexCoin (PLX) are not liable, and the user agrees not to seek to hold them liable, for the conduct of third parties, including other creators of PlexCoin (PLX), and that the risk of creating, holding and using PlexCoin (PLX) rests entirely with the User.
By creating, holding or using PlexCoin (PLX), and to the extent permitted by law, the user agrees not to hold any third party (including developers, auditors, contractors or founders) liable for any regulatory implications or liability associated with or arising from the creation, ownership or use of PlexCoin (PLX).
Exclusion
Residents of the United States and of the province of Quebec (Canada) cannot directly or indirectly participate in this ICO.
Miscellaneous
The User agrees that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.
The Terms govern the creation, ownership and use of PlexCoin (PLX) and supersede any public statements about the launch of PlexCoin (PLX) made by anyone in the past, present and future.
The applicable law is Singapore law. Any dispute arising out of or in connection with the creation of the PlexCoin (PLX) shall be finally settled by the ordinary courts of the registered domicile of the defendant.
