Common use of Token Generation Event Clause in Contracts

Token Generation Event. If there is a TGE prior to the Deadline Date (as defined in the table set out above), the Company shall, subject to the Lock-Up provisions of the table set out above and/or the Company obtaining any relevant approvals from any relevant Governmental Authorities, the Company will cause the Purchased Tokens to be deposited and held in its Multi-Sig Wallet. The Company will distribute the Purchased Tokens to the Purchaser as follows: (1) with respect to any Option 1 Purchased Tokens, on the date that is twelve (12) months after the date of the Token Generation Event; (2) with respect to any Option 2 Purchased Tokens, on the date that is six (6) months after the date of the Token Generation Event; (3) with respect to any Option 3 Purchased Tokens, on the date of the Token Generation Event. In connection with, as a condition to, and prior to the issuance or transfer of any Purchased Tokens by the Company to the Purchaser pursuant to this Clause 3(h) the Purchaser shall: i. execute and deliver to the Company any and all other documents related to this Agreement as are requested by the Company, including, without limitation, verification of its identity, source of funds, and residency under the applicable securities Laws and tax reporting and beneficial ownership status; and ii. if not already provided, provide to the Company a network address to which the Purchaser's Tokens shall be delivered following the TGE.