LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER
PLEASE READ CAREFULLY AND ENTIRELY THIS LEGAL CONSIDERATIONS, RISK AND DISCLAIMER BEFORE (I) MAKING USE OF ANY AND ALL INFORMATION AVAILABLE ON THE CAMINO NETWORK FOUNDATION WEBSITE LOCATED AT https://camino.network/ (THE "WEBSITE") (THE "AVAILABLE INFORMATION"), AND (II) PARTICIPATE IN THE SALE AND PURCHASE OF CAMINO (ALSO CALLED "CAM") TOKENS (THE "TOKEN SALE").
THESE LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER APPLY TO THE WEBSITE, THE AVAILABLE INFORMATION THEREIN AND YOUR PARTICIPATION IN THE TOKEN SALE, IN EACH CASE IN ADDITION TO ANY OTHER TERMS AND CONDITIONS THAT THE CAMINO NETWORK FOUNDATION MAY PUBLISH FROM TIME TO TIME IN CONNECTION WITH THE WEBSITE AND THE TOKEN SALE (HEREINAFTER REFERRED TO AS THE "TERMS"). THESE LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER SECTION MAY BE UPDATED FROM TIME TO TIME AND WILL BE PUBLISHED AS PART OF THE LATEST VERSION OF THE INFORMATION AVAILABLE ON THE WEBSITE. YOU ARE REQUIRED TO READ THE LATEST AVAILABLE VERSION OF THE AVAILABLE INFORMATION ON THE WEBSITE IN ITS ENTIRETY BEFORE PARTICIPATING IN THE TOKEN SALE.
THE INFORMATION SET OUT IN THIS LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER MAY NOT BE EXHAUSTIVE AND DOES NOT FORM PART OF ANY CONTRACTUAL RELATIONSHIP. WHILE WE MAKE EVERY REASONABLE EFFORT TO ENSURE THAT ALL AVAILABLE INFORMATION ON THE WEBSITE IS ACCURATE AND UP-TO-DATE, SUCH MATERIAL DOES NOT CONSTITUTE PROFESSIONAL ADVICE. INDIVIDUALS WHO INTEND TO PARTICIPATE IN THE PURCHASE AND SALE OF THE CAMINO (ALSO REFERRED TO AS "CAM") TOKEN SHOULD SEEK INDEPENDENT PROFESSIONAL ADVICE BEFORE ACTING ON ANY INFORMATION PROVIDED.
1.- LEGAL CONSIDERATIONS
The Camino Network Foundation has used reasonable efforts to conduct the sale and purchase of the Camino (also referred to as "CAM") token (the "Tokens") in a responsible and reasonable manner. Given the legal uncertainty surrounding distributed ledger technologies, businesses and activities, as well as cryptocurrencies and cryptocurrency-related businesses and activities, in various jurisdictions, the Camino Network Foundation has spent time and resources considering its business approach and where it proposes to operate now and in the future. The Camino Network Foundation has worked with a European and Swiss law firm with respect to European and Swiss law matters. The Camino Network Foundation has not sought any other legal advice in any other jurisdiction. As such, the Tokens subject to the Token Sale may constitute a security in your jurisdiction, or the offer for sale of the Tokens by the Camino Network Foundation may constitute a regulated or prohibited activity in your jurisdiction, and in either case the Camino Network Foundation may be liable. The Camino Network Foundation assumes no responsibility or liability to you in these or any other circumstances. You are strongly advised to seek independent legal advice regarding the legality in the jurisdiction of your participation in the Token Sale.
Tokens are utility tokens intended for use only on the Camino Network. Tokens are not securities. If you purchase tokens, your purchase cannot be refunded or exchanged. The Camino Network Foundation does not recommend purchasing Tokens for speculative investment purposes. Tokens do not entitle you to any equity, governance, voting or similar rights or entitlements in the Camino Network Foundation. Tokens are sold as digital products, similar to downloadable software, digital music, and the like. The Camino Network Foundation does not recommend that you purchase Tokens unless you have prior experience with cryptographic tokens, blockchain-based software and distributed ledger technology, and have sought independent professional advice.
2.- REGIONAL RESTRICTIONS
The Website and all the Available Information contained therein (including the product described on the Website) are not directed to or intended for use by any person(s) who are subject to legal provisions (based on their nationality, domicile, or any other reasons) according to which accessing the Website and/or distributing the Available Information on the Website is prohibited with or without having obtained a license or authorization.
In particular, any person or entity, including any person or entity acting on its behalf, located, resident, domiciled or incorporated in Restricted Countries shall not acquire or use the Tokens and shall immediately leave this Website, failing which such person or entity shall assume all responsibility and liability arising from the continued use of this Website, the Available Information and/or the Tokens and shall indemnify The Camino Network Foundation for any and all damages arising therefrom.
"Restricted Countries" means, but is not limited to, the United States, China (Mainland), Iran, North Korea, Albania, Botswana, Barbados, Mauritius Island, Burkina Faso, Cambodia, Cayman Island, Haiti, Jamaica, Jordan, Mali, Malta, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Russia, Senegal, South Sudan, Syria, Turkey, Uganda, Yemen, and Zimbabwe.
The Camino Network Foundation reserves the right, in its sole discretion, to take reasonable organizational and technical measures to ensure that the Websites, the Available Information and the Tokens are not available to buyers from Restricted Countries. Due to the fact that the Tokens are offered on the Internet (World Wide Web), the Camino Network Foundation and the buyers understand that there is a possibility of a certain "flow back" of Tokens to Restricted Countries. The Camino Network Foundation therefore expressly prohibits buyers from restricted countries from using Tokens. The Camino Network Foundation will not be liable for any legal or financial consequences resulting from such use. Such persons who use Tokens in spite of this prohibition shall, upon first request, indemnify and hold harmless the Camino Network Foundation from and against any and all legal or monetary consequences arising out of their violation of these Legal Considerations, Risks and Disclaimer and shall immediately cease using the Available Information and/or Tokens and leave the Website.
3.- NO OFFER, ADVICE, SOLICITATION, AND/OR RECOMMENDATION
The Tokens used in the Camino Network are not intended to constitute securities or financial instruments in any jurisdiction. This Website does not constitute a prospectus or offering document of any kind, and the information provided is not intended to constitute an offer of securities or a solicitation of an investment in securities in any jurisdiction. The Camino Network Foundation does not provide any opinion or advice to buy, sell or otherwise deal in Tokens and the presentation, publication or communication of all or any part of the Website and/or the Available Information shall not form the basis of, or be relied upon in connection with, any contract or investment decision.
All information and materials provided on the Website or otherwise made available are for your informational and non-commercial personal use only. The information and materials are not intended to provide, and should not be construed as providing, financial, tax, accounting, investment, business, legal or other advice. In addition, the information and materials should not be construed as an offer, solicitation or recommendation to buy or sell any securities or investment instruments or to engage in any transaction. Notwithstanding the foregoing, the Site may contain information that may be considered by regulatory authorities in certain countries as a public offer of a financial product or a solicitation to persons resident in such countries. By accessing the Website, you acknowledge that you are doing so on your own initiative and without any solicitation on the part of the Camino Network Foundation.
Any agreement between the Camino Network Foundation and you as a buyer, and any sale and purchase of Tokens, shall be governed solely by a separate document setting forth the terms and conditions (the “Token Sale Agreement”) of such agreement. In the event of any inconsistency between the referenced Token Sale Agreement and these Legal Considerations, Risks and Disclaimer, the former shall prevail.
5.- LIMITATION OF LIABILITY
The Camino Network Foundation has taken all reasonable steps to create and publish the Available Information contained on the Website accurately and completely and will endeavor to provide updates, if any, on a regular basis. However, the Available Information on the Website is not intended to provide an exhaustive overview of all issues and events, and the Camino Network Foundation cannot guarantee that the Available Information is accurate, up-to-date, legal, available, or complete at all times. The materials and/or Available Information on the Website may nevertheless contain technical or other inaccuracies, omissions or typographical errors for which the Camino Network Foundation cannot be held responsible. The Camino Network Foundation does not warrant or make any representations regarding the use, validity, accuracy, completeness, or reliability of any statements or Available Information on the Website. The Camino Network Foundation and its officers, directors, subsidiaries, affiliates, contractors, agents, employees, licensors, and/or third party content providers shall not be responsible or liable in any manner whatsoever for any damages, whether direct, indirect, consequential, incidental, punitive, exemplary or general damages, contribution or indemnity, of any kind whatsoever, including loss of profits, caused by or arising out of or in connection with the use of or reliance on the materials and/or information contained herein, the links to other sites contained in this Website or any information on such sites, or any delays, inaccuracies, errors or omissions in the Available Information on the Website.
6.- CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in the Website and the Available Information, statements made in any press releases or in any place accessible by the public and oral statements that may be made by the Camino Network Foundation, that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding the Camino Network Foundation’s financial position, strategies, plans and prospects and the prospects of the industry in which the Camino Network Foundation is in are forward-looking statements. These forward-looking statements, including but are not limited to statements as to the Camino Network Foundation’s revenue profitability and growth, expected revenue profitability and growth, prospects, plans, other expected industry trends and other matters discussed in the Website and the Available Information regarding the Camino Network Foundation are matters that are not historic facts, but only estimations and predictions. The Camino Network Foundation makes no representation or warranty on having made any predictions, estimates or expectations based on any formula, any mathematical or scientific modelling or forecast, or having made any due and proper enquiries or having undertaken any independent research or studies or otherwise. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of the Camino Network Foundation to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others:
- a. changes in legal political social economic and stock or cryptocurrency market conditions and the regulatory environment in the countries in which the Camino Network Foundation conducts its Token Sale or in which the Camino Network operates;
- b. the risk that the Camino Network Foundation may be unable or execute or implement its business strategies and plans;
- c. changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
- d. changes in the anticipated growth strategies and expected internal growth of the Camino Network Foundation;
- e. changes in the availability and fees payable to the Camino Network Foundation in connection with its business and operations;
- f. changes in the availability and salaries of employees who are required by the Camino Network Foundation to operate;
- g. changes in competitive conditions under which the Camino Network Foundation operates, and the ability of the Camino Network Foundation to compete under such conditions;
- h. changes in the future capital needs of the Camino Network Foundation and the availability of financing and capital to fund such needs;
- i. war or acts of international or domestic terrorism;
- j. occurrences of catastrophic events, natural disasters and acts of God that affect the operations of the Camino Network Foundation;
- k. other factors beyond the control of the Camino Network Foundation; and
- l. any risk and uncertainties associated with the Camino Network Foundation and its business and operations, the Tokens, the Token Sale and reliance on all or any part of the Website and/or the Available Information.
All forward-looking statements made by or attributable to the Camino Network Foundation are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of the Camino Network Foundation to be materially different from that expected, expressed or implied by the forward-looking statements in Website and/or the Available Information, undue reliance must not be placed on these statements.
These forward-looking statements are applicable only as of the later of the date of publication of the Available Information and the latest date that the Website has been updated. Neither the Camino Network Foundation nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of the Camino Network Foundation will be as discussed in those forward-looking statements. The actual results, performance or achievements of the Camino Network Foundation may differ materially from those anticipated in these forward-looking statements.
Nothing contained in the Available Information is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Camino Network Foundation. Further, the Camino Network Foundation disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
7.- NO FURTHER INFORMATION OR UPDATE
No person has been or is authorized to give any information or to make any representation not contained in these Legal Considerations, Risks and Disclaimer with respect to the Tokens and/or any other entity participating in the Token Sale and their respective businesses and operations, and if given, such information or representation must not be relied upon as having been authorized by or on behalf of the Tokens and/or any other entity participating in the Token Sale. The Token and the Token Sole (as referred to herein) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change, in the affairs, conditions and prospects of the Token and/or any other entity being a part of the Token Sale or in any statement of fact or information contained in these Legal Considerations, Risks and Disclaimer since the date hereof.
8.- APPLICABLE LAW AND PLACE OF JURISDICTION
PARTICIPATION IN A TOKEN SALE EVENT IS A HIGH-RISK ACTIVITY. BY PARTICIPATING IN THIS TOKEN SALE EVENT, THE BUYER UNDERSTANDS AND ACCEPTS THE RISKS TO SECURITY AND THE POTENTIAL LACK OF ECONOMIC RESULTS. IF YOU PURCHASE TOKENS, YOUR PURCHASE CANNOT BE REFUNDED OR EXCHANGED.
THERE IS NO GUARANTEE THAT THE BENEFITS OF THE TOKENS OR THE PROJECT DESCRIBED IN THIS WEBSITE AND THE AVAILABLE INFORMATION WILL BE DELIVERED. THEREFORE, BUYERS ARE AWARE OF THE ABSENCE OF ANY LEGAL ACTION AGAINST THE CAMINO NETWORK FOUNDATION IN THE EVENT OF FAILURE, NON-PERFORMANCE OR NON-IMPLEMENTATION OF THE PROJECT, AS WELL AS IN THE EVENT THAT THE TOKENS LOSE PART OR ALL OF THEIR VALUE.
YOU ARE WAIVING YOUR RIGHTS BY AGREEING TO THESE LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER AND PARTICIPATING IN THE TOKEN SALE. BY PARTICIPATING IN THE TOKEN SALE, YOU AGREE TO HAVE NO RECOURSE, CLAIM, ACTION, JUDGMENT OR REMEDY AGAINST THE CAMINO NETWORK FOUNDATION IF THE UTILITY OF THE TOKEN OR IF THE PROJECT DESCRIBED IN THIS WEBSITE OR THE AVAILABLE INFORMATION IS NOT DELIVERED OR REALISED.
IF YOU ARE UNCERTAIN ABOUT ANYTHING ON THIS WEBSITE AND/OR THE AVAILABLE INFORMATION, OR IF YOU ARE UNWILLING TO LOSE ANY MONEY YOU SPEND PURCHASING THE TOKENS, WE STRONGLY URGE YOU NOT TO PURCHASE ANY TOKENS.
WE RECOMMEND THAT YOU CONSULT WITH LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISORS OR EXPERTS BEFORE PARTICIPATING IN THE TOKEN SALE DESCRIBED ON THIS WEBSITE OR IN THE AVAILABLE INFORMATION. YOU ARE STRONGLY ADVISED TO OBTAIN INDEPENDENT LEGAL ADVICE AS TO THE LEGALITY OF YOUR PARTICIPATION IN THE TOKEN SALE IN THE JURISDICTION IN WHICH YOU PARTICIPATE.
TOKENS ARE NOT SHARES OR SECURITIES OF ANY KIND. THEY DO NOT ENTITLE YOU TO ANY OWNERSHIP OR OTHER INTEREST IN CAMINO NETWORK FOUNDATION.
THESE LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER HAVE NOT BEEN APPROVED, LICENSED OR REGISTERED BY FINMA OR ANY OTHER REGULATORY AUTHORITY.
THE CAMINO NETWORK FOUNDATION IS NOT AN ENTITY REGULATED BY FINMA OR ANY OTHER SUPERVISORY/REGULATORY AUTHORITY.
Camino is the travel industry blockchain. Fueled by the Camino token, it is offering a versatile network to expand current business models and to create new touristic products to delight travelers and business partners.