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We understand; however, please note that you are not providing any
guarantee here. All you are doing is acknowledging what we have told you,
which is that the tax treatment maybe uncertain.
2. Article 4 paragraph (g), we understand under Article 4 paragraph (g) that the
Token is not registered under the Token Act. Thus, why does article 4
paragraphs (f) and (i) refer to the Token Act? Kindly omit this from our draft
agreement.
While the Token is not registered under the Token Act, it is being sold pursuant
to exemptions to the Token Act. Paragraphs (f) and (i) are there to
demonstrate that the exemptions were properly met. In your case, you are
obviously an accredited investor and also the offering was not generally
solicited.
For payment purposes, the Company shall submit a written payment instruction to the
Purchaser, in the form as described in Schedule 1 of this Agreement. Failure by the
Company to submit such payment instruction to the Purchaser does not constitute
as Purchaser's default under this Agreement