The Smart Contract System concept, some software parts, software and application and software platform where it mentions blockchain technologies, is still in an early development stage. Additionally, there are other risks associated with your acquisition, storage, transfer and use of Tokens, including those that Snovio may not be able to anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks set out in the Token Risks
To the extent the Tokens sold in connection with this Token Sale may be securities under U.S. Securities Act of 1933, these Tokens are offered only outside of the United States to non-U.S. persons, pursuant to the provisions of Regulation S of the U.S. Securities Act of 1933, as amended. These Tokens have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States or to U.S. Persons absent registration or under an applicable exemption from the registration requirements.