TERMS AND CONDITIONS RELATING TO TOKEN SALE
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THESE TERMS AND CONDITIONS (“TERMS”) APPLY TO EACH PROSPECTIVE
PURCHASER OF NAI TOKENS (“NAi”).
BY MAKING A CONTRIBUTION TO NAI LIMITED FOR THE PURCHASE OF NAi
DURING THE TOKEN SALE, YOU WILL BE BOUND BY THESE TERMS AND BY ALL OF THE
TERMS AND CONDITIONS INCORPORATED HEREIN BY REFERENCE. THESE TERMS,
THEREFORE, ARE A BINDING CONTRACT BETWEEN YOU AND NAI LIMITED.
PLEASE READ THESE TERMS CAREFULLY AND NOTE THAT THE SECTION ON DISPUTE
RESOLUTION AND ARBITRATION CONTAINS A BINDING ARBITRATION CLAUSE WHICH
AFFECTS YOUR LEGAL RIGHTS. IF YOU DO NOT AGREE TO THESE TERMS, DO NOT
PARTICIPATE IN THE TOKEN SALE.
PROHIBITION ON U.S. CONTRIBUTORS
Due to legal and regulatory uncertainty in the United States of America, citizens and green card
holders of, and persons residing in, the United States of America are prohibited from making
contributions to NAi and participating in the Token Sale (as defined in clause 5 of
these Terms). Persons from the United States of America that participate in the Token Sale by
providing false or inaccurate information about their citizenship, residency and/or nationality will
be in breach of these Terms and are required to indemnify NAi in respect of any
damages and/or losses suffered due to this breach in accordance with the indemnification
provisions set out in these Terms.
NOTICE TO RESIDENTS OF CANADA
Canadian citizens and persons resident in and/or domiciled in Canada are specifically excluded
from participating, either directly or indirectly, in this Token Sale.
NOTICE TO RESIDENTS OF THE PEOPLE’S REPUBLIC OF CHINA
Persons domiciled in, resident in or purchasing from the People’s Republic of China (excluding
the Special Administrative Regions of Hong Kong and Macau, and the island of Taiwan) are
excluded from participating, either directly or indirectly, in this Token Sale.
NOTICE TO RESIDENTS OF THE UNITED KINGDOM
In the United Kingdom this document is being distributed only to, and is directed only at (and
any activity to which it relates will be engaged only with (A) persons: (i) who fall within the
definition of ‘‘investment professionals’’ in Article 19(5) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (as amended) (the ‘‘Order’’) or who fall within Article
49(2) of the Order, and (ii) are ‘‘qualified investors’’ as defined in section 86 of the Financial
Services and Markets Act 2000, as amended; and (B) any other persons to whom it may
otherwise be lawfully communicated (together all such persons being referred to as ‘‘relevant
This document must not be acted on or relied on in the United Kingdom, by persons who are not
relevant persons. Any activity to which the document relates is available only to, in the United
Kingdom, relevant persons.
NOTICE TO RESIDENTS OF JAPAN
Persons domiciled in, resident in or purchasing from Japan are excluded from participating,
either directly or indirectly, in this Token Sale.
NOTICE TO RESIDENTS OF THE REPUBLIC OF KOREA
Persons domiciled in, resident in or purchasing from the Republic of Korea are excluded from
participating, either directly or indirectly, in this Token Sale.
YOU AND THE COMPANY HEREBY AGREE AS FOLLOWS:
- Parties to these Terms
These Terms constitute a binding agreement between:
1.1. NAi Technologies Europe Limited, a company incorporated and registered in London under registration
number 11316123 and with its registered address at 12 Constance Street, London, United Kingdom, E16 2DQ (“NAi Technologies Europe Limited”, “Company”, “we”, “us” or “our” as the context may
require) and its successors in interests and assigns.
1.2. The natural or legal person who/which accepts these Terms and agrees to and makes a
contribution to the Company as set out in these Terms (“Contributor”, “you” or “your”
as the context may require.
In these Terms, you and the Company are hereinafter collectively referred to as the “Parties”
and each individually as a “Party” as the context may require.
If you have any questions relating to these Terms, please contact us at [email protected].
- NAi Ecosystem
2.1. The Company will be the creator of its own proprietary tokens under these Terms known
2.2. The Company is proposing to develop an ecosystem with multiple products to include:
(a) A subscription-based hub for crypto investment information, news and analysis.
2.3. For a more detailed description of the proposed NAi Ecosystem, please refer to:
(a) our website at www.naitech.io (the “NAi Website”); and
(b) the NAi Whitepaper (a copy of which can be found at: https://naitech.io/wp-content/uploads/2018/07/NAi-Paper.pdf (the “NAi Whitepaper”);
(collectively, the “NAi Documentation”).
2.4. Except as otherwise agreed in these Terms, the information contained in the NAi
Documentation are for descriptive purposes only, are not binding and do not form part of
- Scope of Terms
3.1. Save as otherwise set out in these Terms, these Terms (including any terms incorporated
herein by reference), govern only your contribution to the Company for the purchase of
NAi during the Token Sale (as such terms are defined in clause 5 below).
3.2. Any potential future use of NAi in connection with the provision or receipt of services on
the NAi Ecosystem will be subject to and governed by such other applicable terms,
conditions and policies relating to the use of the NAi Ecosystem (the “Ecosystem
Terms”). Such Ecosystem Terms will be made available to NAi Ecosystem users, if
and when the NAi Ecosystem is developed and implemented.
- Definitions & Interpretation
Various definitions are set out in these Terms. Some definitions are replicated below and
others are contained in the relevant parts of these Terms.
In these Terms, the following expressions shall have the following meanings:
“Public Sale Period” means the period of time during which NAi shall be sold to the
public in accordance with these Terms. The period of time during which the Public Sale
Period will be open shall be 20th August, 2018 to 23rd November 2018. The term “Public Sale
Period” shall include any extension as more particularly described in clause 5.4 below.
“NAi Website” means www.naitech.io
viewed at https://naitech.io/terms-and-conditions/
“NAi Whitepaper” means NAi’s whitepaper for the sale of NAi which can be found
“NAi” means the NAi Ecosystem Coin, a utility token more particularly described in
the NAi Whitepaper and in these Terms.
“NAi Ecosystem” means the range of products and services to be created and
offered by us as more particularly set out in the NAi Whitepaper and in these Terms.
“Token Sale” means the sale of NAi during the Public Sale Period.