I know that I may have tax liability due to the uncertain value of the Tokens Sample Clauses

I know that I may have tax liability due to the uncertain value of the Tokens. I understand that the board of directors believes its valuation of the Tokens represents a fair appraisal of their worth, but that it remains possible that, with the benefit of hindsight, the Internal Revenue Service (“IRS”) may successfully assert that the value of the Tokens on the date of my purchase is substantially greater than the board of directors’ appraisal. I understand that any additional value ascribed to the Tokens by such an IRS determination will constitute ordinary income to me as of the purchase date, and that any additional taxes and interest due as a result will be my sole responsibility payable only by me, and that the Company need not and will not reimburse me for that tax liability. 11. I understand that if the Company determines that my receipt of the Tokens is unlawful, I will not receive the Tokens. In the event that the Company determines that for any reason delivery of the Tokens to me will violate any applicable law, the Company may terminate this Agreement and I will not receive any Tokens under it. I may be required to return any Tokens previously delivered to me.