Common use of Uncertain Regulatory Framework Clause in Contracts

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact ClearTOKENs in various ways, including, for example, through a determination that ClearTOKENs are regulated financial instruments that require registration. Donor may cease the distribution of ClearTOKENs, the development of the ClearFoundation Software or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact ClearTOKENs CLEAR Tokens in various ways, including, for example, through a determination that ClearTOKENs CLEAR Tokens are regulated financial instruments that require registration. Donor Company may cease the distribution of ClearTOKENsCLEAR Tokens, the development of the ClearFoundation Software or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact ClearTOKENs RCR Tokens in various ways, including, for example, through a determination that ClearTOKENs RCR Tokens are regulated financial instruments that require registration. Donor Company may cease the distribution of ClearTOKENsRCR Tokens, the development of the ClearFoundation RECEREUM Software or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so. 7.19.