Disclosures And Disclaimers
A. Disclosure
QB Labs LLC is a U.S. entity. The headquarter and Principal Place of the business operation are currently in the Wyoming State of the United States. The Application of Money Services Business (U.S.) License and ISO 20022 Membership Application is currently on the progress.
The QB Token offered for Private Sale constitutes as security under the Securities Act of 1933 and Securities Exchange Act of 1934 in the United States. However, it does not represent as any class of shares of QB Labs LLC, including common and preferred shares of the company.
The QB NFT is a security under the Securities Act of 1933 and Securities Exchange Act of 1934 in the United States. QB Lab LLC will comply with the necessary registration exemption requirement of Regulation D, Regulation A+, Regulation CF, and/or Regulation S.
Any agreed terms and conditions between the QB Labs LLC and investor are to be governed by only a separate agreement.
Only qualified investor who may invest in the QB NFTs and QB Tokens offered through Private Placement. Nevertheless, upon the completion of the development of QB Network and QB Wallet, the Utility token version of QB Token is open to general public.
QB Wallet is projected to be launched in May 2023.
Terms and Conditions for the Private Sale Investors:
KYC: Investors will be required to provide personal identification and proof of address in order to participate in the private sale. This information will be used to verify the investor's identity and ensure compliance with AML regulations.
Accreditation: Only accredited investors, as defined by the Securities and Exchange Commission (SEC), will be allowed to participate in the private sale. This means that the investor must have a net worth of at least $1 million, excluding the value of their primary residence, or have had an income of at least $200,000 (or $300,000 with a spouse) in each of the last two years
Restrictions on Transfer: Tokens purchased during the private sale may have restrictions on transfer or resale, and investors will be required to agree to these restrictions as a condition of participation.
Disclaimer: The tokens being sold during the private sale may not be registered with the SEC and may not be subject to the same protections as securities. Investors will be required to acknowledge that they are aware of the risks associated with investing in unregistered securities.
Legality: It should be noted that the private sale of the tokens is subject to the laws of the United States and investors will be required to agree to comply with all applicable laws and regulations
It is important to note that laws and regulations are subject to change, so you should consult with a legal expert to ensure that your terms and conditions are in compliance with the laws of your jurisdiction.
B. Disclaimers
Investors should consult their own legal, financial, tax or other professional adviser regarding QB Token and/or any other entity being a part of the Token Ecosystem and the respective businesses and operations, QB Token, QB Token Offering, and the QB Wallet.
Investors should be aware that you may be required to bear the financial risk of any purchase of QB Token for an indefinite period of time.
While blockchain technology and crypto tokens have already established important roles in the global economy, it is important to note that this is an emerging space and may involve various risks including operational risks, cyber-security risks, speculative risks, and fraud and manipulation risks.
If any of such risks and uncertainties develop into actual events, the business, financial condition, results of operations and prospects of Token and/or any other entity being a part of the Token Ecosystem Provider could be materially and adversely affected. In such cases, you may lose all or part of the value of the Token.
The QB Token Offering, any related material and any conflict arising from it or in relation to it shall be exclusively governed by the laws of United States. The courts of Wyoming State (State and Federal Level) shall have the entire and exclusive jurisdiction over any legal and/or factual disputes.
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