To the maximum extent permitted by the applicable laws, regulations and rules, CITY tokens, any entities of Lanast Co. and officers and employees thereof shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this whitepaper or any part thereof by you.
Any entities of Lanast Co. and officers and employees thereof shall not be liable for your loss of CITY tokens after it is transferred to you by any reason including but not limited to your failure to maintain or backup an accurate record of your password or password cracking by somebody due to your poor maintenance of your password.
Lanast Co. will do its best to launch its operations and develop SMART CITY PROJECT. Any person undertaking to acquire CITY tokens acknowledges and understands however that Lanast Co. Does not provide with any warranty as to the release of the SMART CITY PROJECT. They acknowledge and understand therefore that Lanast Co. incl. its bodies and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use the CITY tokens.
Regulatory authorities are carefully scrutinizing businesses and operations associated to crypto currencies and blockchain regulation. In that respect, regulatory measures, investigations or actions may impact Lanast Co.’s business and may limit or prevent it from developing its operations in the future. Any person undertaking to acquire CITY tokens must be aware that Lanast Co.’s business model or SMART CITY PROJECT and its existing platforms may change or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, purchasers and any person undertaking to acquire CITY tokens acknowledge and understand that neither Lanast Co. nor any of its affiliate shall be held liable for any direct or indirect loss or damages caused by such changes.
Acquiring CITY tokens shall not grant any right or influence over Lanast Co.’s organization and governance to the purchasers till the CITY token will be converted to share by an authorised tool by a legal certification authority.