Disclaimer Clause

Important Notices

  The LifeRun Coin (LFR) are not securities or units in a collective investment scheme or business trust. For the avoidance of doubt, this initial offering of LFR need not be accompanied by any prospectus or profile statement and no prospectus or profile statement needs to be lodged with the Monetary Authorities. This Crowdsale Document does not constitute an offer of, or an invitation to purchase, the LFR in any jurisdiction in which such offer or sale would be unlawful. No regulatory authority has reviewed or approved or disapproved of the LFR or this Crowdsale Document. This Crowdsale Document and any part hereof may not be distributed or otherwise disseminated in any jurisdiction where offering tokens in the manner set out this Crowdsale Document is regulated or prohibited. The information in this Crowdsale Document is current only as of the date on the cover hereof. For any time after the cover date of this Crowdsale Document, the information, including information concerning LifeRun business operations and financial condition may have changed. Neither the delivery of this Crowdsale Document nor any sale made in the related initial token offering shall, under any circumstances, constitute a representation that no such changes have occurred. LifeRun team does not make or purport to make, and hereby disclaims, any representation, warranty, undertaking, or other assurance in any form whatsoever to any person, including any representations, warranties, undertakings, or other assurances in relation to the truth, accuracy, or completeness of any part of the information in this Crowdsale Document. Whether taken as a whole or read in part, this Crowdsale Document is not, and should not be regarded as, any form of legal, financial, tax, or other professional advice. You should seek independent professional advice before making your own decision as to whether or not to purchase any LFR. You are responsible for any and all evaluations, assessments, and decisions you make in relation to investing in the LFR. You may request for additional information from LifeRun in relation to this offer of LFR. LifeRun team may, but is not obliged to, disclose such information depending on whether (i) it is legal to do so and (ii) the requested information is reasonably necessary to verify the information contained in this Crowdsale Document. LifeRun team is not responsible for compelling any person to accept LFR and disclaims, to the fullest extent permitted by law, all liability for any adverse consequences arising out of or in relation to such rejections of LFR. Upon purchasing any LifeRun Coins, you will be deemed to have reviewed this Crowdsale Document (and any information requested and obtained from LifeRun) in full and to have agreed to the terms of this offering of LFR, including to the fact that this offering does not fall within the scope of any securities laws. You further acknowledge and agree that the LFR are not securities and are not meant to generate any form of investment return. The LifeRun coin and related services provided by LifeRun Chain (if any) are provided on an “as is” and “as available” basis. LifeRun team does not grant any warranties or make any representation, express or implied or otherwise, as to the accessibility, quality, suitability, accuracy, adequacy, or completeness of the LFR or any related services provided by LifeRun, and expressly disclaims any liability for errors, delays, or omissions in, or for any action taken in reliance on, the LFR and related services provided by LifeRun No warranty, including the warranties of non-infringement of third party rights, title, merchantability, satisfactory quality, or fitness for a particular purpose, is given in conjunction with the LFR and any related services provided by LifeRun.

Risk Factors

Regulatory risks

  The regulation of tokens such as the LFR is still in a very nascent stage of development in any state. A high degree of uncertainty as to how tokens and token-related activities are to be treated exists. The applicable legal and regulatory framework may change subsequent to the date of issuance of this Crowdsale Document. Such change may be very rapid and it is not possible to anticipate with any degree of certainty the nature of such regulatory evolution. LifeRun team does not in any way represent that the regulatory status of the LFR will remain unaffected by any regulatory changes that arise at any point in time before, during, and after this offering.

No regulatory supervision

None of LifeRun or its affiliates is currently regulated or subject to the supervision of any regulatory body. In particular, LifeRun and its affiliates are not registered as any type of regulated financial institution or financial advisor and are not subject to the standards imposed upon such persons under the Securities and Futures Act, Financial Advisors Act, and other related regulatory instruments. Such persons are required to comply with a variety of requirements and standards concerning disclosures, reporting, compliance, and conduct of their operations for purposes or maximizing investor protections. Since LifeRun is not subject to such requirements or standards, it will make decisions on those issues at its own discretion. While LifeRun will have regard to best practices on these issues, holders of LFR may not necessarily enjoy the same extent and degree of investor protections as would be the case should they invest with regulated entities instead.

No fiduciary duties owed

As LifeRun system is not a regulated financial institution, it does not owe investors in LFR any fiduciary duties. This means that LifeRun has no legal obligation to always act in good faith in the best interests of holders of LFR. While LifeRun will have regard to the interests of holders of LFR, it is also permitted to consider the interests of other key stakeholders and to prefer these interests over the interests of LFR holders. This may mean that LifeRun team is permitted to make decisions that conflict with the interests of LFR holders. Not owing any fiduciary duties to holders of LFR also means that holders of LFR may have limited rights of recourse against LifeRun and its affiliates in the event of disputes.

Tax risks

The tax characterization of LFR is unclear. Accordingly, the tax treatment to which they will be subject is uncertain. All persons who wish to purchase LFR should seek independent tax advice prior to deciding whether to purchase any LFR. LifeRun team does not make any representation as to whether any tax consequences may arise from purchasing or holding LFR.

Risks from third parties

The tokenised nature of LFR means that they are a blockchain-based asset. The security, transferability, storage, and accessibility of blockchain assets depends on factors outside of LifeRun system’s control, such as the security, stability, and suitability of the underlying blockchain (in this case, the Ethereum blockchain), mining attacks, and who has access to the private key of a wallet where LFR are stored. LifeRun team is unable to assure that it can prevent such external factors from having any direct or indirect adverse impact on any of the LFR. Persons intending to purchase LFR should note that adverse events caused by such external factors may results in the loss of some or all LFR purchased. Such loss may be irreversible. LifeRun team is not responsible for taking steps to retrieve LFR lost in this manner.

Risks in purchasing LFR

LifeRun team cannot and does not guarantee or otherwise assure that there are no risks in relation to your purchase of LFR. The purchase of LFR may, depending on the manner in which the relevant purchase is effected, involve third parties or external platforms (e.g., wallets). The involvement of such parties or platforms may introduce risks that would not otherwise be present, such as misconduct or fraud by the third party, or your failure to receive LFR upon duly making payment because of a third-party wallet’s incompatibility with LFR. LifeRun team is not responsible for any risks arising due to the involvement of third parties, including the risk of not receiving (or subsequently losing) any or all LFR you attempt to (or successfully) purchase.

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Contact: Info@LifeRun.cc

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