THIS DOCUMENT AND ANY OTHER DOCUMENT, PRODUCED AND SIGNED BY SOOM CLASSIC Lab Pte. Ltd. DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO SELL SHARES OR SECURITIES IN SOOM CLASSIC Lab Pte. Ltd. OR ANY OF ITS AFFILIATES. THIS DOCUMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR ANY INVITATION TO OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES.
YOU SHOULD ONLY PURCHASE TOKENS IF YOU HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC TOKENS. NEITHER SOOM CLASSIC LIMITED NOR ITS AFFILIATES WILL BE RESPONSIBLE FOR LOST CRYPTOCURRENCY, SUCH AS BTC, ETH, OR OTHER, RESULTING FROM ACTIONS TAKEN BY, OR OMITTED BY YOU. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE COINS OR PARTICIPATE IN THE PRE-SALE OF COINS.


TERMS AND CONDITIONS OF TOKEN SALE Last Updated: 2018.12.7

PLEASE READ THESE TERMS AND CONDITIONS OF TOKEN SALE CAREFULLY. IF YOU DO NOT AGREE TO OR UNDERSTAND THESE TERMS AND CONDITIONS OF TOKEN SALE (OR ANY PART THEREOF), PLEASE DO NOT PURCHASE SOOM CLASSIC TOKENS. BY USING THE SERVICES, YOU REPRESENT AND WARRANT THAT YOU MEET ALL OF THE ELIGIBILITY REQUIREMENTS IN THESE TERMS AND CONDITIONS.

Your purchase of SOOM CLASSIC Tokens (“SMC”) from SOOM CLASSIC Lab a company incorporated in Singapore (“Company,” “we,” or “us”) is subject to these Terms and Conditions of Token Sale (“Terms”). Each of you and Company is a “Party,” and together the “Parties.” By purchasing SMC from us and/or using SMC in connection with the Services (as defined below), you will be bound by these Terms and all terms incorporated by reference. If you have any questions regarding these Terms, please contact us at info@soomblockchain.org

You and Company agree as follows:


1. Purpose and Use of SOOM CLASSIC

The SOOM CLASSIC is a utility token. SOOM CLASSIC is a digital product issued by the Company for the use by token holders within the SOOM CLASSIC platform (“Token Holders”) as a means of payment for the services fee for trading and to transfer tradeable assets as the unit of trading. SOOM CLASSIC is therefore intended to function as a means to access the SOOM CLASSIC service and technology (the “Services”). SOOM CLASSIC may be purchased from the Company as part of the sale of tokens by way of the Initial Coin Offering, Pre-Initial Coin Offering or from a third-party seller on an exchange. Further details regarding the Services are provided in Schedule 1 and the White Paper issued by the Company and as amended from time to time.

By using the Services, you acknowledge that:
• Ownership of SOOM CLASSIC carries no rights, express or implied, other than as a means to access the Services. In particular, you understand and accept that SOOM CLASSIC do not represent or confer any ownership right or stake, share or security or equivalent rights in any jurisdiction, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Company and its corporate affiliates or its property, other than rights relating to the receipt of Services, subject to limitations and conditions in these Terms and applicable SOOM CLASSIC Terms and Policies (as defined below).
• SOOM CLASSIC are not and in no case shall be understood, deemed, interpreted or construed as any kind of financial instrument including but not limited to (i) any kind of currency or money, whether fiat or not; (ii) equity interest, voting or non- voting securities (or it’s like) in, or claims against, the Company, including its members, shareholders, consultants, directors or any other entity in any jurisdiction; (iii) equity or debt investment of any kind in any venture; (iv) any securities having intrinsic value or market price; (v) any form of financial derivative; (vi) any commercial paper or negotiable instrument; (vii) any form of investment contract between the relevant holder and any other person; (viii) any commodity or asset that any person is obliged to redeem or purchase; or (ix) any note, bond, warrant or other certificate that entitles the holder to interest, dividend or any kind of return from any person.
• We provide no assurance (whether express or implied) that SOOM CLASSIC may be traded on any known exchange, have any utility outside of the Services or may be exchanged for goods, currency or services.
• The Company reserves the right to reject your offer to purchase SOOM CLASSIC for any reason, at its absolute, unfettered discretion.


2. Scope of Terms

The use of SOOM CLASSIC in connection with the Services may be governed by other applicable terms and policies (collectively, the “SOOM CLASSIC Terms and Conditions”). Any SOOM CLASSIC Terms and Policies we issue will be available on our website http://www.fourthblockchain.org/ (the Website). You understand that we may add to or amend the SOOM CLASSIC Terms and Policies in our sole discretion, and may update each of the SOOM CLASSIC Terms and Policies from time to time according to modification procedures set forth therein. You agree that we may notify you of any update to the SOOM CLASSIC Terms and Policies by posting them on the Services (for example, on the Website), and that your use of the Services after the effective date of the updated Terms constitutes your agreement to the updated Terms. It is your responsibility to check the Terms of Use posted on the Services periodically so that you are aware of any changes, as they are binding on you.

To the extent of any conflict with these Terms, the SOOM CLASSIC Terms and Policies shall take precedence with respect to any issues relating to the use of SOOM CLASSIC in connection with the Services.


3. SOOM CLASSIC Purchase

Subject to these Terms, the Company agrees to sell to you and you agree to purchase from Company a specific number of SOOM CLASSIC at the price listed by the Company on its Website and the White Paper for SOOM CLASSIC as part of its Initial Coin Offering or Pre-Initial Coin Offering.
By purchasing SOOM CLASSIC, you represent that you have read and understood these Terms and the White Paper in full. You understand that SOOM CLASSIC is not responsible for and will not provide refunds for the value of SOOM CLASSIC purchased except as set out in section 4 below. You acknowledge and understand that the purchase of SOOM CLASSIC involves a level of risk that you agree to fully and completely assume, including, but not limited to, the risk that (i) the technology associated with SOOM CLASSIC will not function as intended; (ii) a sale of SOOM CLASSIC is not be completed as anticipated; (iii) any Initial Coin Offering will fail to attract sufficient interest; and (iv) SOOM CLASSIC or any of the Services may be subject to investigation and punitive actions from governmental authorities.


4. Cancellation; Refunds; Refusal of Purchase Requests

Your purchase of SOOM CLASSIC from us is final, and there are no refunds or cancellations except (i) as may be required by applicable law or regulation, or (ii) as otherwise determined by us in our sole discretion prior to the completion of the distribution of SOOM CLASSIC following completion of the Pre-Initial Coin Offering and Initial Coin Offering. We reserve the right to refuse or cancel SOOM CLASSIC purchase requests at any time in our sole discretion.


5. SOOM CLASSIC Sale Procedures and Specifications

Important information about the procedures and material specifications of our SOOM CLASSIC sale is provided in Schedule 2, including, but not limited to, details regarding the timing of the SOOM CLASSIC sale and the amount of SOOM CLASSIC we will sell. By purchasing SOOM CLASSIC, you acknowledge that you understand and have no objection to these procedures and material specifications.


6. Acknowledgment and Assumption of Risks

You acknowledge and agree that there are risks associated with purchasing SOOM CLASSIC, holding SOOM CLASSIC, and using SOOM CLASSIC in connection with the Services, including but not limited to those as disclosed and explained in Schedule 3. You should carefully weigh the risks, costs and benefits of acquiring SOOM CLASSIC before doing so. If you are not in the position to accept or understand the risks associated with purchasing the Token, you should not acquire the Token.

Digital tokens are a new and untested technology. In addition to the risks outlined in these Terms, there are risks that we cannot anticipate.

If you have any questions regarding these risks, please contact us at info@soomblockchain.org
BY PURCHASING SOOM CLASSIC, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME THESE RISKS.


7. KYC & AML Regulations

7.1 You must comply with the applicable anti-money laundering regulations, and cooperate for the identification process according the provisions for the prevention of money laundering and for the KYC checks. SOOM CLASSIC Lab is entitled to use subcontractors to fulfill the KYC obligations and you agree to fully cooperate with any sub-contractor for this purpose. You must in particular (without limitation) answer fully and truthfully to any question or information request in relation to any money anti- laundering requirements, by SOOM CLASSIC Lab or any sub-contractor.

7.2 SOOM CLASSIC Lab maintains a KYC policy to comply with the recordkeeping requirements. SOOM CLASSIC Lab aims to reasonably identify each prospective purchaser of SOOM CLASSIC Tokens by cross-checking user data against governmental watch lists, including, but not limited to, the specifically designated nationals and blocked persons list, as well as third-party identity verification and authentication services. If Your proposed purchase is flagged through SOOM CLASSIC Lab’s internal controls, SOOM CLASSIC Lab may require additional proof of identification from You, and SOOM CLASSIC Lab has the right to not permit any purchases until additional and verifiable proof of identity to our satisfaction is received and You have been approved as a prospective Participant to the SOOM CLASSIC Token Sale.

7.3 By agreeing to these Terms, you acknowledge and agree that SOOM CLASSIC Lab maintains verification levels that require your participation, with levelled permissions based on user-supplied information, and you confirm SOOM CLASSIC Lab’s ability to obtain any and all required information, verify it pursuant to SOOM CLASSIC Lab internal policies. You accept that you may not be able to achieve your desired level of verification, and SOOM CLASSIC Lab reserves the right, at its sole discretion, to determine the appropriate verification level for any participant, as well as the right to downgrade participants without notice. SOOM CLASSIC Lab may, from time to time, implement policies restricting or strengthening verification levels by nationality, country of residence, or any other factor. This may affect your right to purchase SOOM CLASSIC Tokens or to withdraw SOOM CLASSIC Tokens in your account, and you agree to fully indemnify SOOM CLASSIC Lab against any losses associated with an inability to purchase, withdraw, or use SOOM CLASSIC Tokens based on your verification level.

7.4 You hereby undertakes to provide valid proof concerning the legality of his/her/its proceeds used to purchase SOOM CLASSIC Tokens upon SOOM CLASSIC Lab’s request or the request of bank institutions or government authorities.

7.5 During the KYC checks, your contribution will be held by SOOM CLASSIC Lab until the end of the contribution period, but a maximum of 60 days. In no event will SOOM CLASSIC Lab hold your contribution more than 60 days. If the results of the KYC checks are not satisfactory to SOOM CLASSIC Lab or if the KYC checks could not be done within 60 days, your contribution will be returned to your bank account and/or to your wallet.

7.6 SOOM CLASSIC LAB WILL NOT BE HELD LIABLE FOR ANY FALSE OR MISLEADING INFORMATION THAT YOU COMMUNICATE TO SOOM CLASSIC LAB OR TO ITS SUBCONTRACTOR(S) AND YOU SHALL FULLY INDEMNIFY SOOM CLASSIC LAB AND ITS DIRECTORS IN THE EVENT OF ANY CLAIM, LOSS OR DAMAGE (INCLUDING REPUTATIONAL) IN RELATION TO A BREACH OF APPLICABLE ANTI-MONEY LAUNDERING REGULATIONS.


8. Security

You are responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism you use to receive and hold SOOM CLASSIC you purchase from us, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). We shall not be liable for your loss of SOOM CLASSIC after it is transferred to you including by reason of your failure to keep an accurate record of your password or other credentials. If your private key(s) or other access credentials are lost, you may lose access to your SOOM CLASSIC. We are not responsible for any such losses. If your password protection is weak and it is cracked, stolen or otherwise obtained by a third party, this may also lead to the loss of SOOM CLASSIC. As a result, you must safely store the passwords in one or more backup locations that are well separated from the primary location.


9. Personal Information

We may determine, in our sole discretion, that it is necessary to obtain certain information about you in order to comply with applicable law or regulation in connection with selling SOOM CLASSIC to you. You agree to provide us such information promptly upon request, and you acknowledge that we may refuse to sell SOOM CLASSIC to you until you provide such requested information and we have determined that it is permissible to sell you SOOM CLASSIC under applicable law or regulation. Please see our Privacy Policy, located on our Website (“Privacy Policy”), for information and disclosures relating to the collection and use of your personal information, and any other data in connection with your use of the Services. The Privacy Policy is incorporated by reference into these Terms.


10. Taxes

The purchase price that you pay for SOOM CLASSIC is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of SOOM CLASSIC, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. You acknowledge that the ownership of SOOM CLASSIC may fall under existing and/or future taxation laws. You are responsible for the payment of any taxes or fees, now existing or applicable in the future, that may be incurred as a result of your ownership of Tokens. We are not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your purchase or ownership of SOOM CLASSIC.


11. Representations and Warranties

By purchasing SOOM CLASSIC from us, you represent and warrant that:

11.1 You have read and understand these Terms (including all Schedules);

11.2 You have a sufficient understanding of the functionality, usage, storage, transmission mechanisms and other material characteristics of cryptographic tokens like Bitcoin and Ether, token storage mechanisms, blockchain technology and blockchain-based software systems to understand these Terms and to appreciate the risks and implications of purchasing SOOM CLASSIC;

11.3 You have obtained sufficient information about SOOM CLASSIC to make an informed decision to purchase SOOM CLASSIC;

11.4 You understand the restrictions and risks associated with the creation of SOOM CLASSIC as set forth herein (and as set forth in the White Paper), and acknowledge and assume all such risks;

11.5 You understand, acknowledge and assume the risks associated with the purchase, holding and use of SOOM CLASSIC in connection with the Services, as explained and disclosed in these Terms;

11.6 You understand that SOOM CLASSIC confer only the right to access the Services, and confer no other rights of any form with respect to the Company or its corporate affiliates or property, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights;

11.7 You are purchasing SOOM CLASSIC solely for the purpose of accessing Services, being aware of the commercial risks associated with the Company and the SOOM CLASSIC protocol. You are not purchasing SOOM CLASSIC for any other purposes, including, but not limited to, any investment, speculative or other financial purposes;

11.8 Your purchase of SOOM CLASSIC complies with applicable law and regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other applicable legal requirements in your jurisdiction for purchasing SOOM CLASSIC, using SOOM CLASSIC, and entering into contracts with us, (ii) any foreign exchange or regulatory restrictions applicable to such purchase, and (iii) any governmental or other consents that may need to be obtained;

11.9 You will comply with any applicable tax obligations in your jurisdiction arising from your purchase of SOOM CLASSIC;

11.10 If you are purchasing SOOM CLASSIC on behalf of any entity, you are authorized to accept these Terms on such entity’s behalf and that such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity (references to “you” in these Terms refer to you and such entity, jointly);

11.11 You are not, nor are you an agent of, (i) a citizen or resident of the United States of America, Canada, The Peoples’ Republic of China, or any country or territory in which participation in the purchase of SOOM CLASSIC (or any digital token or crypto-currency) or use of the Services is prohibited by applicable law, decree, regulation, treaty, or administrative act, (ii) a citizen or resident of, or located in, a country or territory that is subject to sanctions or embargoes imposed by any country, or (iii) an individual or entity, nor an individual or entity employed by, acting on behalf of, or affiliated with an entity, identified on the U.S. Department of Commerce’s Denied Persons or Entity List, the U.S. Department of Treasury’s Specially Designated Nationals and Blocked Persons Lists, or the U.S. Department of State’s Debarred Parties List (collectively, “Restricted Party Lists”).

11.12 You further agree that you will not use SOOM CLASSIC or Services in connection with transactions (i) in any country or territory that is subject to sanctions or embargoes, (ii) with any individual or entity that is identified on the Restricted Party Lists.

11.13 You agree that if your country of residence or any other circumstances change such that the above representations are no longer accurate, then you will immediately cease your acquisition of SOOM CLASSIC and/or using the Services and notify the Company. If you are purchasing SOOM CLASSIC or registering to use the Services on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization, and (ii) you are duly authorized by such legal entity to act on its behalf.

11.14 You are of legal age to form a binding contract with SOOM CLASSIC and meet all of the eligibility requirements in these Terms.

11.15 You are legally permitted to purchase SOOM CLASSIC and assume the responsibility for complying with your applicable laws and regulations.


12. Indemnification

To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless Company and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “Company Representatives”) from and against all claims, demands, actions, damages, losses, costs and expenses (including legal fees) that arise from or relate to (whether directly or indirectly): (i) your purchase or use of SOOM CLASSIC, (ii) your responsibilities or obligations under these Terms, (iii) your violation of these Terms, or (iv) your violation of any rights of any other person or entity. Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this Section 12. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Company.


13. Liability Limitation

13.1. To the fullest extent permitted by applicable law: In no event will company or any of the company representatives be liable for any indirect, special, incidental, consequential, or exemplary damages of any kind(including, but not limited to, where related to loss of revenue, income or profits, loss of use or data, or damages for business interruption) arising out of or in any way related to the sale, provision or use of SOOM CLASSIC or otherwise related to the services or these terms.

13.2. The limitations set forth in section 13.1 will not limit or exclude liability for the gross negligence, fraud or intentional, willful or reckless misconduct of company.


14. Release

To the fullest extent permitted by applicable law, you release Company and the other Company Representatives from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between users and the acts or omissions of third parties. You expressly waive any rights you may have under statute or common law principles that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.


15. Dispute Resolution - Arbitration

Any Dispute shall be referred to and finally resolved by arbitration administered by the London Court of International Arbitration(“LCIA”).
Any Dispute arising out of or related to these Terms or your purchase of SOOM CLASSIC is personal to you and Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding.
If any term, clause or provision of this Section is held invalid or unenforceable, it will be so held to the maximum extent required by law, and all other terms, clauses and provisions of this Section will remain valid and enforceable. Further, the waivers set forth in this Section are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.


16. Governing Law and Venue

These Terms will be governed by and construed and enforced in accordance with the laws of Singapore.


17. Severability

If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.


18. Miscellaneous

18.1 These Terms (and, where applicable, the Trade Connect Terms and Policies) constitute the entire agreement between you and us relating to your purchase of SOOM CLASSIC from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms on our website and update the “Last Updated” date above. The amended Terms will be effective immediately.

18.2 We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision.

18.3 We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control.

18.4 Purchasing SOOM CLASSIC from us does not create any form of partnership, joint venture or any other similar relationship between you and us.


Schedule 1
Company Description

The Company is a limited company formed in Singapore and will have primary responsibility for the provision of Services and for administering the development of the SOOM CLASSIC platform and the functionality of SOOM CLASSIC.


Schedule 2
Token Sale Specifications
1. Commencement and Duration of Token Sale

To be announced via the website http://www.fourthblockchain.org


2. Payments

Any payment received by the Company after the end of the sale period will be accepted only if it was originated during the Sale Period. Company may request to provide evidence of payment from a purchaser of SOOM CLASSIC.

Certain bonuses or offers may be offered by the Company during certain periods. The number of purchased SOOM CLASSIC shall be determined based on the total amount received by Company subject to applicable bonuses available to you at the time of receipt of your payment.


3. Distribution

Prior to distribution of SOOM CLASSIC, you are required to provide an address of the digital wallet where your purchased SOOM CLASSIC can be sent. The wallet must support the ERC-20 token standard. Following the successful purchase of SOOM CLASSIC and closure of the ICO, SOOM CLASSIC will be distributed to your wallet within a commercially reasonable period.

Failure to provide a correct address for your External Wallet may result in the loss of purchased SOOM CLASSIC or delay the withdrawal of the purchased SOOM CLASSIC. SOOM CLASSIC disclaims all liability for any loss of SOOM CLASSIC in these circumstances.


Schedule 3
Risks Relating to Purchase, Sale and Use of SOOM CLASSIC

Important Note: As noted elsewhere in these Terms, SOOM CLASSIC Tokens are not being structured or sold as securities or any other form of investment product. Accordingly, none of the information presented in this Schedule is intended to form the basis for any investment decision, and no specific recommendations are intended. The Company expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Schedule, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.

Prior to purchasing SOOM CLASSIC, you should carefully consider the risks listed below and, to the extent necessary, consult a lawyer, accountant, and/or tax professional prior to determining whether to purchase SOOM CLASSIC. By purchasing, holding and using SOOM CLASSIC, you expressly acknowledge and assume the following risks:

1. Security

Hackers or other malicious groups or organizations may attempt to interfere with SOOM CLASSIC or SOOM CLASSIC in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing, which may result in loss or corruption of SOOM CLASSIC.


2. Fundraising

The Pre-ICO and ICO may not reach the target sale amount and so the Company may not have the sufficient funds to execute on its business plan. There is no guarantee the Company will be able to execute its business plan. If the Company is successful in implementing its business plan, you will not benefit or participate in the Company’s growth by virtue of your ownership of SOOM CLASSIC.


3. Token Value

Digital currencies are extremely volatile and SOOM CLASSIC may suffer from said volatility. SOOM CLASSIC does not guarantee any specific value of SOOM CLASSIC over any period of time. SOOM CLASSIC may be significantly influenced by digital currency market trends and SOOM CLASSIC value may be severely depreciated due to non-SOOM CLASSIC related events in the digital currency markets.


4. Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of SOOM CLASSIC stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing SOOM CLASSIC will result in loss of such SOOM CLASSIC. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a digital wallet or vault service you use, may be able to misappropriate your SOOM CLASSIC. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store SOOM CLASSIC, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your SOOM CLASSIC.


5. Ethereum

Because SOOM CLASSIC and SOOM CLASSIC Services are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum blockchain may have a material adverse effect on SOOM CLASSIC or SOOM CLASSIC (including the value of SOOM CLASSIC or the ability to use it to access the Services).


6. Regulation

The regulatory status of SOOM CLASSIC and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting SOOM CLASSIC and SOOM CLASSIC. Changes in laws or regulatory status or actions by governmental authorities could negatively impact SOOM CLASSIC and SOOM CLASSIC in various ways. This could result in substantial modifications to the proposed implementation of the SOOM CLASSIC project and SOOM CLASSIC utility or may even cause the Company to cease operations in a jurisdiction or at all.


7. Tax

Purchasing SOOM CLASSIC may result in adverse tax consequences to you, including the imposition of withholding taxes, income taxes and tax reporting requirements. You should seek tax advice from your own tax counsel in connection with purchasing SOOM CLASSIC.


8. Development

SOOM CLASSIC is yet to be developed and may undergo significant changes over time. Although we intend for SOOM CLASSIC and SOOM CLASSIC to follow the specifications set forth in Schedules and the White Paper, and will take commercially reasonable steps toward those ends, we may have to make changes to the specifications of SOOM CLASSIC or SOOM CLASSIC for any number of legitimate reasons. This could create the risk that SOOM CLASSIC or SOOM CLASSIC, as further developed and maintained, may not meet your expectations at the time of purchasing SOOM CLASSIC. Furthermore, despite our good faith efforts to develop and maintain SOOM CLASSIC, it is still possible that SOOM CLASSIC will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact SOOM CLASSIC and the potential utility of SOOM CLASSIC, including its utility for obtaining Services. It is possible that, due to any number of reasons, including without limitation, the failure of the business relationships, or competing intellectual property claims, SOOM CLASSIC may no longer be a viable business and may dissolve, or SOOM CLASSIC may fail to launch.


9. Governance

Because SOOM CLASSIC confer no governance rights of any kind with respect to SOOM CLASSIC or Company, all decisions involving SOOM CLASSIC or Company will be made by Company at its sole discretion, including, but not limited to, decisions to discontinue SOOM CLASSIC, to sell more SOOM CLASSIC for use in SOOM CLASSIC, or to sell or liquidate the Company. These decisions could adversely affect SOOM CLASSIC and the utility of SOOM CLASSIC that you hold, including SOOM CLASSIC’s utility for obtaining Services.


11. Links

We have no control over your participation, correspondence, or business dealings with any third party found on or accessed through the Services, including without limitation with respect to any payment for or delivery of related goods or services, and any other terms, conditions, warranties, or representations associated with such dealings, are solely between you and such third party.


12. Risks

Cryptographic tokens such as SOOM CLASSIC are a new and untested technology. In addition to the risks included in this Schedule 3, there are other risks associated with your purchase, holding and use of SOOM CLASSIC, including those that the Company cannot anticipate.

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