Representation & Warranties

Representation & Warranties

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By participating in the token sale of CITY tokens, the Purchaser represents and warrants to Lanast Co. as follows:

  • you are authorized and have full power to purchase CITY tokens according to the laws that apply in your jurisdiction of domicile;
  • you are solely responsible for determining whether the acquisition of CITY tokens is appropriate for you;
  • you are not acting as an agent on behalf of any other person or entity who wish to purchase CITY tokens or participate in its token sale;
  • you have carefully considered the risks, costs, and any other demerits of acquiring CITY tokens and understood such the risks, costs, and any other demerits associated with CITY tokens and its token sale;
  • you are not acting for the purpose of speculative investment;
  • you agree and acknowledge that CITY tokens does not constitute securities in any form in your jurisdiction;
  • you agree and acknowledge that this project does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in your jurisdiction or a solicitation for investment in securities;
  • you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this project, no such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this project to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
  • you agree and acknowledge that this project, the undertaking and/or the completion of the CITY tokens token sale, or future trading of CITY tokens on any crypto currency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of Lanast Co. or CITY tokens;
  • the distribution or dissemination of this project, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to Lanast Co.;

You agree and acknowledge that in the case where you wish to purchase any CITY tokens, it is not to be construed, interpreted, classified or treated as:

  • any kind of currency other than crypto currency;
  • debentures, stocks or shares issued by Lanast Co.;
  • rights, options or derivatives in respect of such debentures, stocks or shares;
  • 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;
  • units in a collective investment scheme;
  • units in a business trust;
  • derivatives of units in a business trust; or
  • any other security or class of securities;
  • you have a good understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of crypto currencies, blockchain-based software systems, crypto currency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;
  • you are fully aware and understand that in the case where you wish to purchase any CITY tokens, there are risks associated with Lanast Co. and its business and operations;
  • you agree and acknowledge that LANAST CO. is not 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;
  • you will not use the token sale for any illegal activity, including but not limited to money laundering and the financing of terrorism; and
  • all of the above representations and warranties are true, complete, accurate and non-misleading from the time of your access to and/or acceptance of possession this whitepaper or such part thereof (as the case may be).

Purchaser acknowledges, understands and agrees that:

  • the purchase and receipt of CITY tokens may have tax consequences for Purchaser;
  • Purchaser is solely responsible for Purchaser’s compliance with Purchaser’s tax obligations; and
  • Lanast Co. bears no liability or responsibility with respect to any tax consequences to Purchaser;
  • Additional information you can find in the Limitation Of The Purchasers topic.

Purchaser acknowledges, understands and agrees that:

  • Purchaser agreed with Terms & Conditions, General Information Restrictive Provisions and Risks by buying of CITY tokens or initialization of Lanast Co’s smart contract.
  • The Purchaser accept to pass through the KYC verification process (Know Your Customer). KYC service is organised by the 3rd party provider Sum And Substance Ltd. based on the contract ID: FEF1D412-E27F-442A-A789-39D94EAFD3F8

Lanast Co. does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any warranty or undertaking in relation to the accuracy and completeness of any of the information set out in project business case.

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