Legal Disclaimer
PLEASE READ THE ENTIRETY OF THIS "LEGAL DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER GEARBOX FOUNDATION (THE COMPANY), ANY OF THE CONTRIBUTORS (THE GEARBOX CONTRIBUTORS, CONTRIBUTORS) WHO HAVE WORKED ON THE GEARBOX PROTOCOL (AS DEFINED HEREIN) IN ANY WAY WHATSOEVER, ANY HOLDER OF GEAR TOKENS (OR SUCH OTHER RE-NAMED OR SUCCESSOR TICKER CODE OR NAME OF SUCH TOKENS) (THE HOLDER), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE DOCUMENTATION (DOCS) OR MATERIALS RELATING TO GEAR (THE TOKEN DOCUMENTATION) AVAILABLE ON THE WEBSITE AT HTTPS://DOCS.GEARBOX.FINANCE/ (THE WEBSITE, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED OR COMMUNICATED BY THE COMPANY OR ITS REPRESENTATIVES FROM TIME TO TIME.
Nature of the Token Documentation: The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of a digital token to be known as GEAR. The Token Documentation and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, any offer to sell any product, item, or asset (whether digital or otherwise), or any offer to engage in business with any external individual or entity provided in said documentation. The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding or contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, the Holder, their respective affiliates and/or the Gearbox contributors have not independently verified the accuracy or completeness of such information. Further, you acknowledge that the project development roadmap, protocol/network functionality are subject to change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Holder is under any obligation to update or correct this document in connection therewith.
Validity of Token Documentation and Website: Nothing in the Token Documentation or the Website constitutes any offer by the Company, the Holder, or the Gearbox contributors to sell any GEAR (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or purchase or other decision. Nothing contained in the Token Documentation or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance
The information set out in the Token Documentation and the Website is for community discussion only and is not legally binding.
The Company, the Holder and the Gearbox contributors do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Holder). To the maximum extent permitted by law, the Company, the Holder, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Token Documentation or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of GEAR should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of GEAR, the Company, the Holder and the Gearbox contributors.
GEAR Token: GEAR are designed to be utilised, and that is the goal of the token. In particular, it is highlighted that GEAR:
does not have any tangible or physical manifestation, and does not have any intrinsic value/pricing (nor does any person make any representation or give any commitment as to its value);
is non-refundable, not redeemable for any assets of any entity or organisation, and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Holder or any of their respective affiliates;
does not represent or confer on the token holder any right of any form with respect to the Company (or any of their respective affiliates) or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the Gearbox Protocol, the Company, and/or their service providers;
is not intended to represent any rights under a contract for differences or under any other contract the purpose or intended purpose of which is to secure a profit or avoid a loss;
is not intended to be a representation of money (including electronic money), payment instrument, security, commodity, bond, debt instrument, unit in a collective investment or managed investment scheme or any other kind of financial instrument or investment;
is not a loan to the Company or any of its affiliates, is not intended to represent a debt owed by the Company or any of its affiliates, and there is no expectation of profit nor interest payment; and
does not provide the token holder with any ownership or other interest in the Company or any of its affiliates.
GEAR may only be utilised within the Gearbox Protocol, and ownership of the same carries no rights, express or implied, other than the right to use GEAR as a means to enable usage of and interaction within the Gearbox Protocol. The secondary market pricing of GEAR is not dependent on the effort of the Gearbox contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, the Company does not deal in, or is in the business of buying or selling any virtual asset or digital payment token (including GEAR).
To the extent a secondary market or exchange for trading GEAR exists, it runs and operates independently of the Company.
Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for the Gearbox Protocol to be developed. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans, and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Further, the Token Documentation or the Website may be amended or replaced from time to time. There are no obligations to update the Token Documentation or the Website, or to provide recipients with access to any information beyond what is provided herein.
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Token Documentation or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Token Documentation or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
Cautionary Note on forward-looking statements: All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company or third parties in connection with the GEAR or Gearbox Protocol, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Token Documentation, and the Company expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Holder or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Token Documentation or the Website to specific companies and platforms are for illustrative purposes only.
English language: The Token Documentation and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Token Documentation and the Website.
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