Common use of Security and Data Privacy Clause in Contracts

Security and Data Privacy. 4.1. The Buyer will implement reasonable and appropriate measures designed to secure access to: (a) any device associated with the Buyer and utilized in connection with the Buyer’s purchase of the Tokens; (b) private keys to the Buyer’s wallet or account; and (c) any other username, passwords or other login or identifying credentials. In the event that the Buyer is no longer in possession of the Buyer’s private keys or any device associated with the Buyer’s account or is not able to provide the Buyer’s login or identifying credentials, the Buyer may lose all of the Buyer’s Tokens and/or access to the Buyer’s account. The Company is under no obligation to recover any Tokens and the Buyer acknowledges, understands and agrees that all purchases of the Tokens are non-refundable and the Buyer will not receive any compensation for any Tokens purchased. 4.2. Upon the Company’s request, the Buyer will immediately provide to the Company information and documents that the Company, in its own discretion, deems necessary or appropriate to comply with any laws, regulations, rules or agreements, including without limitation judicial process. Such documents include, but are not limited to, passport, driver’s license, utility bills, photographs of associated individuals, government identification cards, or sworn statements. The Buyer consents to the Company disclosing such information and documents in order to comply with applicable laws, regulations, rules or agreements. The Buyer acknowledges that the Company may refuse to distribute the Tokens to the Buyer until such requested information is provided.

Appears in 2 contracts

Sources: Token Purchase Agreement, Token Purchase Agreement