Common use of Token Generation Event Clause in Contracts

Token Generation Event. If there is a Token Generation Event prior to the expiration or termination of the Agreement, the Company will vest Tokens with the Purchaser in the amount equal to the Purchase Amount as per the terms set out in the Agreement. Prior to vesting Tokens with the Purchaser by the Company, in accordance with Article 3(a) the Company: (i) shall verify information and data submitted by the Purchaser in order to verify it (KYC) to exclude the suspicion of money laundering or terrorism financing, (ii) may summon the Purchaser to draw up and supply the Company with documents or to provide information no later than within three business days since communicating summons to the Purchaser, such documents and information are required for the proper performance of the Agreement by the Company and ensuring compliance with legal provisions, in particular to verify the status of an accredited investor or non-US person status, (iii) may summon the Purchaser to indicate the Ethereum wallet address to which the Purchaser Tokens will be vested not later than within three business days since communicating summons to the Purchaser, subject to Article 3(aa) hereinafter, (iv) shall inform the Purchaser and the Purchaser shall agree to the following schedule of vesting (aa) Panel „Token Sale”

Token Generation Event. If there is a Token Generation Event prior to the expiration or termination of the Agreement, the Company will vest Tokens with the Purchaser in the amount equal to the Purchase Amount as per the terms set out in the Agreement. Prior to vesting Tokens with the Purchaser by the Company, in accordance with Article 3(a) the Company: (i) shall verify information and data submitted by the Purchaser in order to verify it (KYC) to exclude the suspicion of money laundering or terrorism financingfinancing, (ii) may summon the Purchaser to draw up and supply the Company with documents or to provide information no later than within three business days since communicating summons to the Purchaser, such documents and information are required for the proper performance of the Agreement by the Company and ensuring compliance with legal provisions, in particular to verify the status of an accredited investor or non-US person status, (iii) may summon the Purchaser to indicate the Ethereum wallet address to which the Purchaser Tokens will be vested not later than within three business days since communicating summons to the Purchaser, subject to Article 3(aa) hereinafter, (iv) shall inform the Purchaser and the Purchaser shall agree to the following schedule of vesting vesting • % Tokens shall be vested within seven days after a Token Generation Event, • % Tokens shall be vested within 14 days after a Token Generation Event, • % Tokens shall be vested every three months until all Tokens due to the Purchaser under the Agreement, subject to the fulfilment of obligations under Article 3(a) (aai) Panel „Token Sale”- (iii).

Token Generation Event. If there is a Token Generation Event prior to the expiration or termination of the Agreement, the Company will vest Tokens with the Purchaser in the amount equal to the Purchase Amount as per the terms set out in the Agreement. Prior to vesting Tokens with the Purchaser by the Company, in accordance with Article 3(a) the Company: (i) shall verify information and data submitted by the Purchaser in order to verify it (KYC) to exclude the suspicion of money laundering or terrorism financingfinancing, (ii) may summon the Purchaser to draw up and supply the Company with documents or to provide information no later than within three business days since communicating summons to the Purchaser, such documents and information are required for the proper performance of the Agreement by the Company and ensuring compliance with legal provisions, in particular to verify the status of an accredited investor or non-US person status, (iii) may summon the Purchaser to indicate the Ethereum wallet address to which the Purchaser Tokens will be vested not later than within three business days since communicating summons to the Purchaser, subject to Article 3(aa) hereinafter, (iv) shall inform the Purchaser and the Purchaser shall agree to the following schedule of vesting vesting • 20% of the Tokens shall be vested within seven days after a Token Generation Event, • 2% of the Tokens shall be vested every subsequent week until all Tokens are no longer due to the Purchaser in accordance with the Agreement, subject to the fulfilment of obligations arising from the Purchaser under Article 3(a) (aai) Panel „Token Sale”- (iii).