Exemption Clause

Disclaimer

We recommend that you read carefully and acquaint yourself with all the contents of this white paper. The followings as below are applied to everybody who reads this white paper besides token purchasers. If you are unsure of any contents of this white paper, we recommend that you get the advice of law, finance, tax, etc. experts.

[ Legal Authority ]

Konnect team (“the team”) and Konnect company (“the company”) including advisors, directors, staffs, agents do not guarantee any liability from the information in this white paper. This white paper is intended to deliver the basic information of Konnect project (“the project”), and any distributed contents do not have a contract signification.

[ Notice Obligation ]

• This white paper is intended to provide the information of the project, and any words and contents are not for investment proposal, suggestion or advice and may not be the grounds for investment. KCT tokens will be fully functional at the time of transfer to their purchasers.

• This white paper is distributed for the general reference related to the project at the time of writing, and may not be accurate and changed at any time.

• All the details of this white paper may be changed and updated without notice by the discretion of the team and company, and are not a final draft. Any contents of this white paper is not secured to be unchanged in the future, and the team and company do not have the obligation to notify and report about the updated occasional changes in future plans, estimation changes and error bounds specified on this white paper.

• The specific representations on this white paper have forward-looking statements about the future, future event, prospect, etc. of the project. These forward-looking statements identified by similar expression to the words like expectation, estimation, belief, forecast, prospect, projection, etc., are not based on fact, and may not be accurate, and are not a guarantee or a commitment, and include various risks and uncertainties. These forward-looking statements may also be included in other public materials, such as presentations, interviews, videos, etc. besides this white paper. The forward-looking statements contained in this white paper include, but are not limited to, future results, performance and achievement of the project.

• Konnect platform (“the platform”) is not completed or in full operation as of the date of this white paper. The digital assets like NFTs and tokens issued in the project in the future have been described on the condition that the platform will be completed and fully operational, but this should not be interpreted as a guarantee or commitment to the completion and full operation of the platform.

• The tokens issued in the project should not be understood, interpreted, classified or treated as an opportunity to engage purchasers in any rights or to receive ROI, income, payment, profit or any portion thereof.

• The tokens issued in the project are not intended to constitute securities, business trusts or collective investment plans, and each definition of which follows the definition set forth by the equivalent provisions of other jurisdictions. Therefore, this white paper is not provided as the business plan, business prospectus, proposal, etc. and should not be interpreted as an investment proposal or attraction under any jurisdiction.

• Other currencies than digital assets, stocks and bonds, options, derivatives, profit taking contracts that guarantee for ROI and loss avoidance on purpose, may be prohibited and restricted by the legal or regulatory requirements of any jurisdiction.

• The purchaser takes total responsibility for deciding the legal possibility of a foreign exchange and a taxation about income tax, etc. related to buy and sell of the tokens issued from the company in the purchaser’s legal jurisdiction.

• The technology and representation in this white paper are not a commitment, and do not carry legal binding force to whom may it concerns, the team and company, etc.

• The team and company do not have the responsibility for any possible loss that may be caused directly or indirectly by the information in this white paper. Also we do not completely have the responsibility in the case of warning in advance or predictable loss on all matters (i.e. all types of momentary damages of profit, return, debt, etc., and additional or special damages of income, sales, capital reduction, other debt loss, data loss or damage es) that may be caused by decision-making processes using the information in this white paper.

• All contents or any part of this white paper shall not be copied, modified and distributed in the country or region that regulate the contents of this white paper as illegal. In the case that the people in these country or region make an investment, as the purchaser in person accepts the risk thereof, the team and company do not have any liability of it. The information in this white paper is not authorized or verified by such a regulatory authority, and this white paper is not assured by following all the regulations of country in which allows publication and distribution.

• This white paper is the official information of Konnect and written in English. This white paper may be translated to other languages, and some information could be distorted, misinterpreted or lost. The contents of this white paper in English is priority in the case that the contents of translated languages are discordant, unclear or collided.

• All the contents of this white paper are copyrighted. This white paper shall not be duplicated in electronic way or etc., and modified, linked and used in public or commercial purpose in part or whole.

[ Investment Risk ]

We recommend that you carefully read the followings, and analyze and understand related elements and risks. The accuracy of the information about uncertainty and risk as below is not guaranteed. The purchasers are regarded as they agree to purchase the tokens issued in the company with recognition of the risk as it stands without any form of guarantee.

• The transaction may be delayed or failed due to the reason on blockchain system. The problems on Ethereum blockchain may cause a damage to the team and company, the token purchasers because smart contract in charge of the issue and allocation of tokens is especially based on Ethereum network.

• The project is not free from all the risks, such as the depreciation of tokens, the changes in market environment, the uncertainty, the competition with competitors, because of this condition, the development of the team and company may be halted or the service directions and plans may be changed.

• The hackers or other malignant groups may attack the project by mining attacks such as “double payment attack” or “51% attack”, and this may cause a hard hit to the tokens and their transactions.

• The purchasers will use the digital wallet technically compatible with ERC20 to transfer or store the tokens. Storage-related damages including limited access to tokens due to the loss of identification information, and loss of essential personal keys related to the digital wallet may be occurred. The purchasers cannot hold the team and company responsible.

• The token is currently being developed by the team and company. Although we intend to develop and maintain the token as the contents of this white paper, it may be changed in details by various reasons such as technology, design, law, regulation, political, social and economic environment. The team and company do not have the liability of compensation in the case of The depreciation or loss of tokens, the damage of liquidity by uncontrollable factors such as the changes in regulation, authorization, license, and a market situation and the like.

• In addition to the risks listed above, there may be other risks issued by the project that affiliates cannot predict, and risks of unexpected combinations and variations can also be introduced. If the above risks and uncertainties are developed in real life, the project’s business, financial status, operational results, prospects, etc. can be substantially and negatively affected.

[ Compliance Base ]

This white paper is based on the laws, policies at the time of writing. The following items in the project’s contents may change according to the regulations of the relevant country.

• Certification and procedures for the transfer and exchange of digital currency between different countries

• Subscription condition for use of the exchange (Real name account, OTP, KYC)

• Information exchanges between banks that manage escrow accounts, and incoming and outgoing deposits (Insurance, Name, Financial Policy)

• Information exchange between us and our affiliates (Customer Information, Quote Information, Transaction Information

• Payment terminal specifications and certification (Radio Certification, Liability Insurance)

• Tax return for the sale of goods and services (Year-end Settlement, Income Report, VAT Return)

• Whether personal information is kept and disclosed (Location Information, Access Rights)

This white paper is produced and distributed only by Konnect, and we will take a strong legal response in the event of damages to the project and its participants by forging and falsifying the contents.