XBG Disclaimer

PLEASE READ THIS DISCLAIMER CAREFULLY.

BY ACQUIRING, HOLDING, TRADING, OR USING XBG TOKENS, YOU EXPRESSLY ACKNOWLEDGE AND ACCEPT THESE RISKS AND UNDERSTAND THAT XBORG DOES NOT PROVIDE ANY GUARANTEES OR ASSURANCES REGARDING THE VALUE, STABILITY, OR FUTURE FUNCTIONALITY OF THE XBG TOKENS.

1. TOKEN ISSUER

   1. The XBG utility tokens (the “Tokens”) are issued by XBorg Limited, a company incorporated in the British Virgin Islands (“XBorg”). The issuance and governance of the Tokens are governed by the laws and regulations of the British Virgin Islands. As such, the regulatory framework that applies to the Tokens is in line with the legal requirements and oversight mechanisms established in the BVI. However, it is important to note that the regulatory environment in other jurisdictions may vary significantly from that of the British Virgin Islands.
   2. The legal status of the Tokens, as well as your ability to hold, trade, transfer, or use them, could be subject to different interpretations, regulations, or restrictions in other countries. Some jurisdictions may have more stringent rules regarding the use of digital assets, including cryptocurrencies or utility tokens like the Tokens, which could impact your rights or obligations as a holder or user of the tokens. It is strongly recommended that you familiarize yourself with the specific legal and regulatory requirements of your local jurisdiction before acquiring, holding, or using the Tokens to ensure compliance with all relevant laws.
   3. The Tokens are issued and exist solely on the blockchain, where they are freely tradable in accordance with the underlying protocol. Any acquisition, trading, or transfer of the Tokens occurs independently of XBorg and is facilitated through decentralized on-chain transactions or third-party platforms. XBorg does not control, operate, or assume responsibility for any secondary market, exchange, or platform where the Tokens may be bought, sold, or traded. The availability and liquidity of the Tokens on such platforms are subject to market conditions and external factors which may be beyond XBorg’s control.
   4. XBorg does not engage in the sale, distribution, or direct offering of the Tokens to users, investors, or the general public. Any sales or distributions conducted by XBorg are limited to private transactions and are not made available through public offerings, exchanges, or open market sales.

2. VALUE

   1. The Tokens may only have the rights, uses, purpose, attributes, functionalities or features, on the XBorg ecosystem. XBorg does not guarantee that the Tokens have any rights, uses, purpose, attributes, functionalities or features.
   2. The Tokens may have no value and there is no guarantee or representation of liquidity for the Tokens. XBorg is not and shall not be responsible for or liable for the market value of the Tokens, the transferability and/or liquidity of the Tokens and/or the availability of any market for the Tokens through third parties or otherwise.
   3. XBorg is not obliged to provide the Token holders with a refund related to the Tokens for any reason, and the Token holders will not receive money or other compensation in lieu of the refund. No promises of future performance or price are or will be made in respect to the Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that the Tokens will hold any particular value. Therefore, the recovery of spent resources may be impossible or may be subject to foreign laws or regulations, which may not be the same as the private law of the Token holder.

3. BLOCKCHAIN AND SOFTWARE

   1. Blockchains are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the respective network in an attempt to gain an advantage in purchasing cryptographic tokens. You acknowledge and understand that block producers may not include your transaction when you want, or your transaction may not be included at all.
   2. The Tokens might not function as intended, and the Tokens may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so XBorg and the Tokens may become outdated.

4. SECURITY

   1. The Tokens may be held in a wallet, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such wallet storing the Tokens will result in loss of such Tokens, access to your Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet you use, may be able to misappropriate the Tokens. XBorg or any related parties are not responsible for any such losses.
   2. The Tokens may be subject to expropriation and or/theft. Hackers or other malicious groups or organizations may attempt to interfere with the Tokens smart contracts or the Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, because the smart contract platform(s) rest on open source software, there is the risk that smart contracts may contain intentional or unintentional bugs or weaknesses which may negatively affect the Tokens or result in the loss of the Tokens, the loss of ability to access or control the Tokens. In the event of such a software bug or weakness, there may be no remedy and holders of the Tokens are not guaranteed any remedy, refund or compensation.
   3. The blockchain used for the Tokens smart contracts is susceptible to attacks. Any successful attacks present a risk to the Tokens smart contracts.
   4. The wallet or wallet service provider used for the acquisition and storage of the Tokens has to be technically compatible with the Tokens. The failure to assure this may have the result that you will not gain access to your Tokens.

5. PROJECT DEVELOPMENT

   1. XBorg and the XBorg ecosystem may rely, in whole or partly, on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of which might have a material adverse effect on XBorg and the XBorg ecosystem.
   2. The development of XBorg and the XBorg ecosystem may be abandoned for a number of reasons, including lack of interest from the public, lack of further funding, lack of commercial success or prospects.
   3. XBorg and the XBorg ecosystem are still under development and may undergo changes over time. Although XBorg parties intend for XBorg and the XBorg ecosystem to have the features and specifications, changes to such features and specifications can be made for any number of reasons, any of which may mean that XBorg and the XBorg ecosystem do not meet your expectations of the Tokens.
   4. XBorg may give rise to other, alternative projects, promoted by unaffiliated third parties, under which the Tokens will have no intrinsic utility and value.

6. REGULATORY RISK

   1. The regulatory status of cryptographic tokens, digital assets, and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact the Tokens in various ways, including, for example, through a determination that the Tokens are regulated financial instruments that require registration. XBorg may cease the distribution of the Tokens, the development of XBorg or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.
   2. There may be various statutory requirements obliging XBorg to receive licenses and permits necessary for carrying out its activity in different jurisdictions, there is the risk that new statutory requirements may be adopted in the future and may relate to any of the XBorg parties. Requirements which may be imposed by these authorities may be costly and time-consuming and may result in delays in the commencement or continuation of operation of XBorg.
   3. Failure to comply with existing laws and regulations or the findings of government inspections or increased governmental regulation of XBorg operations, could result in substantial additional compliance costs or various sanctions, which could materially adversely affect XBorg. XBorg operations and properties may be subject to regulation by various government entities and agencies, in connection with ongoing compliance with existing laws, regulations and standards. Any XBorg failure to comply with existing laws and regulations or the findings of government inspections may result in the imposition of fines or penalties or more severe sanctions or in requirements that XBorg cease certain of its business activities.

7. NO FINANCIAL ADVICE

   1. This disclaimer is for informational purposes only and does not constitute financial, legal, or investment advice. Please consult with a qualified professional before making any financial decisions. By acquiring Tokens, you acknowledge that you understand the associated risks and accept full responsibility for your actions.
   2. Acquiring Tokens carries the risk of partial or total loss of your investment. Only invest amounts you are prepared to lose entirely.