Disclaimer

HXB tokens have the potential that transactions fail or become difficult due to a decrease in interpersonal trading volume. Alternatively, traders can call the transaction price at a price that is quite hostile depending on market conditions or size. Accordingly, there is a risk of transaction liquidity.

For HXB tokens, we operate services and platforms in the cloud and IDC. We are working hard to conduct security audits, security patches, and service checks in accordance with each country's security regulations. However, service access may be difficult or failure may occur due to security vulnerabilities, zero-day attacks, DDoS, etc. In this case, we do not take any responsibility for HXB tokens.

There is a risk that factors such as changes in the external environment may make us difficult to continue business. In this case, we cannot operate the business continuously. All proceedings involving customer assets shall be proceeded in accordance with the law of the location of the foundation, and conducted in accordance with the Bankruptcy Law, the Corporate Law, the Corporate Rehabilitation Law, the Individual Rehabilitation Law and other relevant laws.

Tax and Income Tax

With the exception of some countries, the relevant laws and tax regulations for most virtual assets have not been finalized. For information, please consult with your country's law firm, tax accountant or qualified professional. Acquisition or loss of capital resulting from the sale of HXB tokens may be subject to the Capital Acquisition Law and tax laws. For HXB tokens, we are not responsible for any customer's tax payment. For additional tax-related information, please consult with your country's relevant tax accountant or qualified professional.

For HXB tokens, we do not assume any responsibility related to individual's tax payment. According to each country's cryptocurrency regulation, for HXB tokens, we may withdraw from business or terminate HXB token services in some countries.

Exclusion of Security Tokens

The HXB Token White Paper and supplementary documents are not prospectus nor financial service proposals. It cannot be treated as a security investment product or regulated product in any country. This White Paper and additional documents cannot be used for the purchase or purchase offer of HXB tokens and service products. HXB token holders are not entitled to claim any rights against the HXB token operator, its affiliates, and intellectual properties including income such as royalties, profits, and revenues from stake, stock, bond, capital, etc.

SAFT

For HXB tokens, we may proceed with the sale of unissued HXB as a SIMPLE AGREEMENT FOR FUTURE TOKENS (“SAFT”). Detailed agreements related to SAFT shall be concluded through the foundation and legal advice. This Agreement may not be disclosed to the outside depending on the Agreement.

Risk Description

This Whitepaper and its accompanying documents inform you that the purchase of HXB tokens involves significant risks and may result in significant losses. Before purchasing HXB tokens, you must carefully evaluate and consider the risks involved, including those listed in any other documents.