Purchase of Tokens. 1.1. Subject to the terms and conditions of this Agreement, the Platform agrees to issue and sell to the Users, and the Users agree to purchase from the Platform, MPV Tokens at the value stated on the Designated Web Address at the time of purchase per MPV Token, with each User purchasing MPV Tokens in a dollar amount equal to the Respective Purchase Amount opposite such User to this Agreement. 1.2. The respective number of MPV Tokens to be sold by the Platform and purchased by each User hereunder (collectively, the "Tokens") shall equal the number of MPV Tokens determined by dividing the Respective Purchase Amount opposite such User hereto by value stated on the Designated Web Address at the time of purchase (rounded down to the nearest whole token). 1.3. Payment of the purchase price (which shall be equal to the total number of Tokens to be purchased by a User, as calculated pursuant to the immediately preceding sentence, multiplied by the value stated on the Designated Web Address at the time purchase) for the Tokens (the "Purchase Price") shall be made at the time of the issue of the Tokens by wire transfer of immediately available funds to the Designated Account, subject to the satisfaction of the conditions set forth in this Agreement. 1.4. Payment of the Purchase Price for the Tokens shall be made against delivery to the Users of the Tokens, which Tokens shall be registered against the User’s Wallet identity by the Platform’s Transfer Agent1. 1.5. By taking action (signing this Agreement / click I Agree) the User accepts that he or she are deemed to have read, understood and accepted the following terms, conditions as well as all terms and conditions that are incorporated by reference within this document, and agrees to be legally bound by them. 1.6. The Tokens are issued against the value of a specific Underlying Property, or if elected, returns generated from securitised real estate mortgages. Each Token represents a specific fraction of value of Underlying Properties valued at the amount stated on the Designated Web Address at the time of purchase or the amount of returns generated from the securitisation of real estate mortgages. Ownership of a Token therefore represents either ownership of the specific fraction of value of the Underlying Properties, or in the case of an elected investment in real estate mortgage securities, the returns generated from the securities. The details of the Underlying Properties are stated at the Designated Web Address. 1.7. No information contained in or on, and no part of the following: a) the finalised, published and adopted version or draft of the Whitepaper or any other documents uploaded on the website of the Platform are accessible at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/; b) the Designated Web Address or any website or other social media channels directly or indirectly linked to the Whitepaper or the Channels; or any other information or document, shall constitute part of this Agreement, and no representations, warranties or undertakings are or are intended or purported to be given by the Platform in respect of any information contained in or on, or any part of, the items as stated in Paragraphs (a) or (b) above. 1 SPG Corporation, wholly owned by MPV (L) Foundation and licensed Labuan Payment System Provider, Reference Number LFSA.400-14/LFA/PS/05/2019(4)
Appears in 1 contract
Sources: Terms of Service
Purchase of Tokens. 1.1. Subject to the terms and conditions of this Agreement, the Platform Vendor agrees to issue and sell to the UsersPurchasers, and the Users Purchasers agree to purchase from the PlatformVendor, following the prevailing price of MPV Tokens at the value stated on the Designated Web Address designated web page at the time of purchase per MPV Token, with each User Purchaser purchasing MPV Tokens in a dollar amount equal to the Respective Purchase Amount opposite such User Purchaser's name on Schedule 1 to this Agreement.
1.2. The respective number of MPV Tokens to be sold by the Platform Vendor and purchased by each User Purchaser hereunder (collectively, the "Tokens") shall equal the number of MPV Tokens determined by dividing the Respective Purchase Amount opposite such User Purchaser’s name on Schedule 1 hereto by value stated on the Designated Web Address at the time of purchase (rounded down to the nearest whole token).
1.3. Payment of the purchase price (which shall be equal to the total number of Tokens to be purchased by a UserPurchaser, as calculated pursuant to the immediately preceding sentence, multiplied by the value stated on the Designated Web Address at the time purchase) for the Tokens (the "Purchase Price") shall be made at the time of the issue of the Tokens by wire transfer of immediately available funds to the Designated Account, subject to the satisfaction of the conditions set forth in this Agreement.
1.4. Payment of the Purchase Price for the Tokens shall be made against delivery to the Users Purchasers of the Tokens, which Tokens shall be registered against the UserPurchaser’s Wallet identity by the PlatformVendor’s Transfer Agent1.
1.5. By taking action (signing this Agreement / click I Agree) the User Purchaser accepts that he or she are deemed to have read, understood and accepted the following terms, conditions as well as all terms and conditions that are incorporated by reference within this document, and agrees to be legally bound by them.
1.6. The Tokens are issued against the value of a specific Underlying Property, or if elected, returns generated from securitised real estate mortgages. Each Token represents a specific fraction of value of Underlying Properties valued at the amount stated on the Designated Web Address at the time of purchase or the amount of returns generated from the securitisation of real estate mortgages. Ownership of a Token therefore represents either ownership of the specific fraction of value of the Underlying Properties, or in the case of an elected investment in real estate mortgage securities, the returns generated from the securities. The details of the Underlying Properties are stated at the Designated Web Address.
1.7. No information contained in or on, and no part of the following:
a) the finalised, published and adopted version or draft of the Whitepaper or any other documents uploaded on the website of the Platform Vendor are accessible at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/;
b) the Designated Web Address or any website or other social media channels directly or indirectly linked to the Whitepaper or the Channels; or any other information or document, 1 SPG Corporation, wholly owned by MPV (L) Foundation and licensed Labuan Payment System Provider, Reference Number LFSA.400-14/LFA/PS/05/2019(4) shall constitute part of this Agreement, and no representations, warranties or undertakings are or are intended or purported to be given by the Platform Vendor in respect of any information contained in or on, or any part of, the items as stated in Paragraphs (a) or (b) above. 1 SPG Corporation, wholly owned by MPV (L) Foundation and licensed Labuan Payment System Provider, Reference Number LFSA.400-14/LFA/PS/05/2019(4).
Appears in 1 contract
Sources: Terms of Use