PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION CAREFULLY.
NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX
ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR
OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN
CONNECTION HEREWITH. NEITHER BELDEX INTERNATIONAL INC (THE
COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE BELDEX TEAM) WHO
HAVE WORKED ON THE BELDEX ECOSYSTEM (AS DEFINED HEREIN) OR PROJECT
TO DEVELOP THE BELDEX ECOSYSTEM IN ANY WAY WHATSOEVER, ANY
DISTRIBUTOR/VENDOR OF BDX TOKENS (THE DISTRIBUTOR), NOR ANY
SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR
INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN
CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT
HTTPS://BELDEX.IO/ (THE WEBSITE)
OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.
Project purpose: You agree that you are acquiring BDX to
participate in the Beldex ecosystem and to obtain services on the
ecosystem thereon. The Company, the Distributor and their
respective affiliates would develop and contribute to the
underlying source code for the Beldex ecosystem. The Company is
acting solely as an arms' length third party in relation to the
BDX distribution, and not in the capacity as a financial advisor
or fiduciary of any person with regard to the distribution of BDX.
Nature of the Whitepaper: The Whitepaper and the Website
are intended for general informational purposes only and do not
constitute a prospectus, an offer document, an offer of
securities, a solicitation for investment, or any offer to sell
any product, item, or asset (whether digital or otherwise). The
information herein may not be exhaustive and does not imply any
element of a 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 Whitepaper or the Website includes information that has
been obtained from third party sources, the Company, the
Distributor, their respective affiliates and/or the BELDEX team
have not independently verified the accuracy or completeness of
such information. Further, you acknowledge that circumstances may
change and that the Whitepaper or the Website may become outdated
as a result; and neither the Company nor the Distributor is under
any obligation to update or correct this document in connection
therewith.
Token Documentation: Nothing in the Whitepaper or the
Website constitutes any offer by the Company, the Distributor, or
the BELDEX team to sell any BDX (as defined herein) nor shall it
or any part of it nor the fact of its presentation form the basis
of, or be relied upon in connection with, any contract or
investment decision. Nothing contained in the Whitepaper or the
Website is or may be relied upon as a promise, representation or
undertaking as to the future performance of the Beldex ecosystem.
The agreement between the Distributor (or any third party) and
you, in relation to any distribution or transfer of BDX, is to be
governed only by the separate terms and conditions of such
agreement.
The information set out in the Whitepaper and the Website is for
community discussion only and is not legally binding. No person is
bound to enter into any contract or binding legal commitment in
relation to the acquisition of BDX, and no digital asset or other
form of payment is to be accepted on the basis of the Whitepaper
or the Website. The agreement for distribution of BDX and/or
continued holding of BDX shall be governed by a separate set of
Terms and Conditions or Token Distribution Agreement (as the case
may be) setting out the terms of such distribution and/or
continued holding of BDX (the Terms and Conditions), which shall
be separately provided to you or made available on the Website.
The Terms and Conditions must be read together with the
Whitepaper. In the event of any inconsistencies between the Terms
and Conditions and the Whitepaper or the Website, the Terms and
Conditions shall prevail
Deemed Representations and Warranties: By accessing the Whitepaper
or the Website (or any part thereof), you shall be deemed to
represent and warrant to the Company, the Distributor, their
respective affiliates, and the BELDEX team as follows:
(a) in any decision to acquire any BDX, you have shall not rely on
any statement set out in the Whitepaper 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 BDX may have no
value, there is no guarantee or representation of value or
liquidity for BDX, and BDX is not an investment product nor is it
intended for any speculative investment whatsoever;
(d) none of the Company, the Distributor, their respective
affiliates, and/or the BELDEX team members shall be responsible
for or liable for the value of BDX, the transferability and/or
liquidity of BDX and/or the availability of any market for BDX
through third parties or otherwise; and
(e) you acknowledge, understand and agree that you are not
eligible to participate in the distribution of BDX if you are a
citizen, national, resident (tax or otherwise), domiciliary and/or
green card holder of a geographic area or country (i) where it is
likely that the distribution of BDX would be construed as the sale
of a security (howsoever named), financial service or investment
product and/or (ii) where participation in token distributions is
prohibited by applicable law, decree, regulation, treaty, or
administrative act (including without limitation the United States
of America and the People's Republic of China); and to this effect
you agree to provide all such identity verification document when
requested in order for the relevant checks to be carried out.
The Company, the Distributor and the BELDEX team do not and do not
purport to make, and hereby disclaims, all representations,
warranties or undertaking to any entity or person (including
without limitation warranties as to the accuracy, completeness,
timeliness, or reliability of the contents of the Whitepaper or
the Website, or any other materials published by the Company or
the Distributor). To the maximum extent permitted by law, the
Company, the Distributor, their respective affiliates and service
providers shall not be liable for any indirect, special,
incidental, consequential or other losses of any kind, in tort,
contract or otherwise (including, without limitation, any
liability arising from default or negligence on the part of any of
them, or any loss of revenue, income or profits, and loss of use
or data) arising from the use of the Whitepaper or the Website, or
any other materials published, or its contents (including without
limitation any errors or omissions) or otherwise arising in
connection with the same. Prospective acquirors of BDX should
carefully consider and evaluate all risks and uncertainties
(including financial and legal risks and uncertainties) associated
with the distribution of BDX, the Company, the Distributor and the
BELDEX team.
BDX Token: The native cryptographically-secured fungible
protocol token of the Beldex ecosystem (ticker symbol BDX) is a
transferable representation of attributed utility functions
specified in the protocol/code of the Beldex ecosystem, and which
is designed to be used solely as an interoperable utility token
thereon.
BDX is a functional utility token which will be used as the medium
of exchange between participants on the Beldex ecosystem in a
decentralised manner. The goal of introducing BDX is to provide a
convenient and secure mode of payment and settlement between
participants who interact within the ecosystem on the Beldex
ecosystem, and it is not, and not intended to be, a medium of
exchange accepted by the public (or a section of the public) as
payment for goods or services or for the discharge of a debt; nor
is it designed or intended to be used by any person as payment for
any goods or services whatsoever that are not exclusively provided
by the issuer. BDX does not in any way represent any shareholding,
participation, right, title, or interest in the Company, the
Distributor, their respective affiliates, or any other company,
enterprise or undertaking, nor will BDX entitle token holders to
any promise of fees, dividends, revenue, profits or investment
returns, and are not intended to constitute securities in
Singapore or any relevant jurisdiction. BDX may only be utilised
on the Beldex ecosystem, and ownership of BDX carries no rights,
express or implied, other than the right to use BDX as a means to
enable usage of and interaction within the Beldex ecosystem.
BDX also provides the economic incentives which will be
distributed to encourage users to contribute to and participate in
the ecosystem on the Beldex ecosystem, thereby creating a mutually
beneficial system where every participant is fairly compensated
for its efforts. BDX is an integral and indispensable part of the
Beldex ecosystem, because without BDX, there would be no incentive
for users to expend resources to participate in activities or
provide services for the benefit of the entire ecosystem on the
Beldex ecosystem. Given that additional BDX will be awarded to a
user based only on its actual usage, activity and contribution on
the Beldex ecosystem and/or proportionate to the frequency and
volume of transactions, users of the Beldex ecosystem and/or
holders of BDX which did not actively participate will not receive
any BDX incentives.
The Beldex ecosystem itself is simply a blockchain protocol id=""
which, by design, does not own or run any computing/storage
servers, so in order for users to utilise the network for
transactions, it would need to pay network validators/nodes a
certain amount of network transaction fees to confirm and execute
the transaction and record these on the blockchain. BDX will be
used as the native currency to quantify
BDX are designed to be utilised, and that is the goal of the BDX
distribution. In fact, the project to develop the Beldex ecosystem
would fail if all BDX holders simply held onto their BDX and did
nothing with it. In particular, it is highlighted that BDX:
(a) does not have any tangible or physical manifestation, and does
not have any intrinsic value (nor does any person make any
representation or give any commitment as to its value); (b) is
non-refundable and cannot be exchanged for cash (or its equivalent
value in any other digital asset) or any payment obligation by the
Company, the Distributor or any of their respective affiliates;
(c) does not represent or confer on the token holder any right of
any form with respect to the Company, the Distributor (or any of
their respective affiliates), or its revenues or assets, including
without limitation any right to receive future dividends, revenue,
shares, ownership right or stake, share or security, any voting,
distribution, redemption, liquidation, proprietary (including all
forms of intellectual property or licence rights), right to
receive accounts, financial statements or other financial data,
the right to requisition or participate in shareholder meetings,
the right to nominate a director, or other financial or legal
rights or equivalent rights, or intellectual property rights or
any other form of participation in or relating to the Beldex
ecosystem, the Company, the Distributor and/or their service
providers; (d) is not intended to represent any rights under a
contract for differences or under any other contract the purpose
or pretended purpose of which is to secure a profit or avoid a
loss; (e) is not intended to be a representation of money
(including electronic money), security, commodity, bond, debt
instrument, unit in a collective investment scheme or any other
kind of financial instrument or investment; (f) is not a loan to
the Company, the Distributor or any of their respective
affiliates, is not intended to represent a debt owed by the
Company, the Distributor or any of their respective affiliates,
and there is no expectation of profit; and (g) does not provide
the token holder with any ownership or other interest in the
Company, the Distributor or any of their respective affiliates.
Notwithstanding the BDX distribution, users have no economic or
legal right over or beneficial interest in the assets of the
Company, the Distributor, or any of their affiliates after the
token distribution.
To the extent a secondary market or exchange for trading BDX does
develop, it would be run and operated wholly independently of the
Company, the Distributor, the distribution of BDX and the Beldex
ecosystem. Neither the Company nor the Distributor will create
such secondary markets nor will either entity act as an exchange
for BDX.
Informational purposes only: The information set out herein
is only conceptual, and describes the future development goals for
the Beldex ecosystem to be developed. In particular, the project
roadmap in the Whitepaper is being shared in order to outline some
of the plans of the BELDEX team, 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
ultimately, the development, release, and timing of any products,
features or functionality remains at the sole discretion of the
Company, the Distributor or their respective affiliates, and is
subject to change. Further, the Whitepaper or the Website may be
amended or replaced from time to time. There are no obligations to
update the Whitepaper or the Website, or to provide recipients
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 Whitepaper 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
publication, distribution or dissemination of the Whitepaper or
the Website does not imply that the applicable laws, regulatory
requirements or rules have been complied with.
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, the Distributor and/or the BELDEX team,
may constitute forward-looking statements (including statements
regarding the intent, belief or current expectations with respect
to market conditions, business strategy and plans, financial
condition, specific provisions and risk management practices). You
are cautioned not to place undue reliance on these forward-looking
statements given that these statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
future results to be materially different from that described by
such forward-looking statements, and no independent third party
has reviewed the reasonableness of any such statements or
assumptions. These forward-looking statements are applicable only
as of the date indicated in the Whitepaper, and the Company, the
Distributor as well as the BELDEX team expressly disclaim any
responsibility (whether express or implied) to release any
revisions to these forward-looking statements to reflect events
after such date.
References to companies and platforms: The use of any
company and/or platform names or trademarks herein (save for those
which relate to the Company, the Distributor or their respective
affiliates) does not imply any affiliation with, or endorsement
by, any third party. References in the Whitepaper or the Website
to specific companies and platforms are for illustrative purposes
only.
English language: The Whitepaper and the Website may be
translated into a language other than English for reference
purpose only and in the event of conflict or ambiguity between the
English language version and translated versions of the Whitepaper
or the Website, the English language versions shall prevail. You
acknowledge that you have read and understood the English language
version of the Whitepaper and the Website.
No Distribution: No part of the Whitepaper or the Website
is to be copied, reproduced, distributed or disseminated in any
way without the prior written consent of the Company or the
Distributor. By attending any presentation on this Whitepaper or
by accepting any hard or soft copy of the Whitepaper, you agree to
be bound by the foregoing limitations.
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