ALL YOU NEED IS. Invest now and be a part of the revolution. Pre-Sale and ICO Legal disclaimer

Transcription

1 ALL YOU NEED IS Invest now and be a part of the revolution. Pre-Sale and ICO Legal disclaimer

2 Pre-Sale and Pre-ICO Legal disclaimer This Token Sale Terms & Conditions is concluded between LOVR GmbH, a limited liability company organized under the laws of Germany, having its seat in Köln, Germany, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) Amtsgericht Köln Luxemburger Str. 101, Köln, Germany with business address at: LOVR GmbH, Mechternstraße 1, Köln, Germany (hereinafter LOVR, us, we ) and any entity that fulfils the criteria set out in these T&Cs and accepts the terms provided herein (hereinafter Participant, Token Holder, you ). Parties to the T&Cs are herein referred to individually as a Party and collectively as the Parties. be implemented by LOVR on the LOVR website or any other service of the LOVR Ecosystem after having closed the Pre-Sale or/and ICO. The cryptographic tokens are hereinafter referred to as "LVR", LOVR Coins or Token. By accessing and using our website ( the Website ) or participating in the Pre-Sale or/and ICO, Participants agree to these T&Cs. Please read the T&Cs carefully. If you do not agree to all of these terms, please do not use this Website or any information, links or content contained on this Website and do not participate in the Pre- Sale or/and ICO. The Participant provides payments to LOVR in connection with the Initial Token Sale ( Pre-Sale or/and ICO ) of cryptographic tokens existent on the Ethereum blockchain that can enable usage of and interactions with certain services ( Services ) to This document does not constitute a prospectus or offering or securities of any sort or any other form of capital investment product and is not a solicitation for investment.

3 1. Reversal of the Pre-Sale or Pre-ICO BaFin has commented on the legal classification of ICOs in Germany (GZ: WA 11-QB /0010) with the last notification dated Accordingly, all ICOs in Germany require approval. Germany is now one of the few countries where ICOs are regulated or partially regulated. This gives our participants, investors, partners and supporters a unique legal security. LOVR advocates this legal security in every way and the new laws underlines the intention of LOVR to build a sustainable business model. In this regard, LOVR informs that an application for approval of the LOVR ICO has already been submitted to BaFin but has not yet been approved. In the event of a refusal of the license, LOVR reserves the right to reverse the agreement. In this case, each participant would get back his invested money and the whole purchase process is reversed. There are no further costs for the participants. There are also no further claims of the participants. After being assessed by the BaFin, LOVR also has the right to adapt the new LOR token to new regulations by means of new legal requirements connected to the Pre-Sale or/and ICO. The participant declares that he is aware that the new regulations and / or conditions must be re-confirmed in this case. If he does not agree, this leads to a reversal. Special benefits such as perks are then lost. Further information on the note-writing of the BaFin If the participant does not confirm the new rules and / or conditions, the transaction will be reversed. In a one-off case, BaFin checks how the token is to be prudently assessed. The following categories can be considered as a selection: financial instrument according to the WpHG or the Markets in Financial Instruments Directive (MiFID II) security according to the Securities Prospectus Act (WpPG) Investments according to the Investment Act (VermAnlG)

4 In order to decide which category the LOVR ICO falls into, BaFin examines the legal requirements under the various legal texts involved as well as "relevant national and EU legal acts in the area of securities supervision." Market participants who intend to issue a token must first decide for themselves into which category this falls, and then make sure that the legal requirements can be met. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Initial Coin Offerings: Note on the classification as financial instruments Date: 02/20/2018 Business sign GZ: WA 11-QB / 0010 Classification of ICOs underlying tokens or cryptocurrencies as financial instruments WA/dl_hinweisschreiben_einordnung_ICOs.pdf? blob=public ationfile&v=2

5 2. Sale and Service Description The LOVR Pre-Sale represents a voluntary contribution towards the implementation of crypto services in the Ecosystem. These Services, the Pre-Sale and the usage of LVR Token (LVR) are described in the Whitepaper (as stated on the Website). For the redemption of LVR for Services as well as for the usage of these Services the Token Usage Terms & Conditions apply (as stated on the Website and after availability of the Services in the relevant locations in the Ecosystem). The Whitepaper and the latter are herein jointly referred to as the documents accompanying the Pre-Sale or ICO. The LVR does not grant equity stake nor profit sharing. It does not represent an ownership right or direct claim in the LOVR Ecosystem, revenues, profits or intellectual property, either present or future. Despite LOVR best efforts and diligence to bring this business forward, all participants should be aware that their contributions are not refundable and accept the inherent risk (as outlined below) of project failure at any stage of development. This implicit risk is associated with any and all uncertainty of backing technologically-focused entrepreneurial projects, and can be affected by either internal or external factors that are out of the control scope of LOVR. Additionally, Participants may be subject to any applicable compliance regulations (including KYC, AML and others where applicable). LVR can be used in the Ecosystem with a corresponding utility value and will not provide any redemption rights. We believe that LVR do not qualify as a security or any other form of capital investment product and do not provide a Participant equity share in the legal structure of LOVR.

6 If you purchase LVR via credit card, LOVR may withhold the LVR assigned to you for up to 180 days before transferring them to your wallet to protect you and LOVR against credit card fraud. Once tokens are assigned to your wallet they cannot be refunded due to the design of the blockchain, so LOVR would not be able to process any chargebacks. We therefore accept the inconvenience of a late LVR transfer and put the safety of your payments first.

7 3. Scope of Terms Unless otherwise stated herein, these T&Cs only govern your purchase of LVR from LOVR during the Pre-Sale or/and ICO as defined in this document or the Whitepaper. Any use of LVR in connection with providing or receiving Services on the LOVR Ecosystem may be governed by other applicable terms and conditions and policies. 4. Participation requirements If you want to buy LOVR Token (LVR) with cryptocurrencies, you can send your Ethereum ( ETH ) or Bitcoin ( BTC ) units from any cryptocurrency wallet. Please contact us here directly if you have problems and we will send you the progress or help you to solve the problem. During the sale process you will be prompted to insert a new address of an Ethereum wallet that supports the ERC20 token standard in order to receive any Tokens you purchase from us. We reserve the right to prescribe additional guidance regarding specific wallet requirements. In the pre-sale phase, we prefer the transfer with direct debit on our bank account.

8 5. Cancellation: Refusal of Purchase Requests / Refunds All purchases of LVR from us during the Pre-Sale and the ICO are final, and there are no refunds or cancellations except as set forth herein or as may be required by applicable law or regulation. We reserve the right to refuse or cancel LVR purchase requests at any time in our sole discretion. to new regulations by means of new legal requirements connected to the Pre-Sale or/and ICO. The participant declares that he is aware that the new regulations and / or conditions must be re-confirmed in this case. If he does not agree, this leads to a reversal. Special benefits such as perks are then lost. LOVR reserves the right to reverse the agreement, in case the BaFin does not permit the LOVR Initial Coin Offering. In this case, each participant would get back his invested money. There are no further costs for the participants. There are also no further claims of the participants. After being assessed by the BaFin, LOVR also has the right to adapt the new LOR token LOVR may pause the LVR sale during the Pre-Sale or Main Sale periods in our sole discretion. Reasons for such a pause among others can be: material increase in Bitcoin or Ethereum price volatility (e.g. Bitcoin price crash), news that might impact the price volatility, suspicion of systematic fraud when purchasing LVR, or significant higher load of IT systems than expected.

9 6. Right of withdrawal You have the right to withdraw from this contract within 14 days without giving any reason. The withdrawal period will expire after 14 days from the day of the conclusion of the contract. To exercise the right of withdrawal, you must inform LOVR (LOVR GmbH, Mechternstraße 1, Köln, Germany, of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or ). You may use the attached model withdrawal form, but it is not obligatory. To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired. Consequences of the withdrawal If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than 14 days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.

10 Withdrawal form (example) If you wish to withdraw from the Pre-Sale / ICO contract, please use a document like the following form use this in order to exercise your right of withdrawal. Simply send the completed withdrawal form to us by post or . To: LOVR GmbH Mechternstraße Köln, Germany I hereby give notice that I withdraw from my Pre-Sale / ICO contract for the provision of the following service Ordered on: Name of consumer: Address of consumer: Signature of consumer (only if this form is notified on paper) Date

11 7. Possible Migration of Tokens LVR are being created as ERC20 tokens on the Ethereum protocol. We reserve the right to migrate the ERC20-based LVR Token (the Pre-existing Tokens ) to another protocol and to generate replacement Tokens on the new protocol (the Replacement Tokens ) in the future, should we determine, in our sole discretion, that doing so is necessary or useful to the operation of the Ecosystem. Should we decide to migrate the Tokens, we may no longer provide support for the Pre-existing Tokens relating to the Ecosystem, the Services, or any other operational matters, except with respect to the migration process. Although LOVR does not at this time anticipate that it will require any Pre-existing Token holders to convert their Pre-existing Tokens to Replacement Tokens, LOVR anticipates there will be significant incentives for Pre-existing Token owners to do so, since the practical utility of Pre-existing Tokens will likely diminish rapidly once the Replacement Tokens are created and in use by a significant portion of Ecosystem participants. Accordingly, by accepting these T&Cs you acknowledge and agree that in order for you to continue to participate on the Ecosystem or obtain utility from the Tokens you may need to convert the Tokens you purchase during the Token Sale to Replacement Tokens in the future. 8. Taxation Any amounts that you pay for LVRs are exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of LOVR Token, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your purchase of LOVR Token. However, in case we are obliged to withhold tax, this will be shown separately in our invoice.

12 9. Acknowledgment and Assumption of Risks By participating in the LOVR Pre-sale and/or ICO or making use of any information in this whitepaper or available on the lovr.network, you agree to the following: General Warning By using the services provided by LOVR, you the (User) as either an Initial Coin Offering (hereinafter Pre-sale and/or ICO) participant or (User) of LOVR products or payment services, fully understands and agrees with the following: The User understands and acknowledges that LOVR tokens will be provided by the Presale and/or ICO smart contract in the order that transactions are received by it and no alteration of this can be made by any party The User understands that LOVR carries no liability for the ability to take part in the Pre-sale and/or ICO for reasons beyond the control of LOVR including but not limited to the Pre-sale and/or ICO duration, transaction mining delays and node-related issues Pending a successful Pre-sale and/or ICO, LOVR will be focused on completing the company start-up and delivering on milestones. However LOVR undertakes no obligations to act on behalf and in the interests of the User in the Pre-sale and/or ICO being held in the future The User understands that by transferring assets to LOVR, User makes the final decision on deposition of cash or other assets and has no right of refund except that which is provided by the Pre-sale and/or ICO smart contract code itself (that being, a 100% refund when capital raised is under the minimum cap and the Presale and/or ICO period has expired)

13 Regulatory The LOVR GmbH and the LOVR Ecosystem comprise a large set of activities, services and products that may be subject to regulatory scrutiny in various territories. To the extent required by the respective applicable laws, activities undertaken, and services performed shall be regulated. However, it cannot be excluded that the need of a regulation will not be recognized for several reasons. The LOVR GmbH (LOVR GmbH), which issues the LVR is based in Germany, and is unregulated. The issuance of the LVR Token or LVR token in this ICO does not constitute the issuance of a means of payment in any form at present, but is subject to further technical development and technical integration into the future merchant network. The legal structure set up for the ICO and the post ICO area has been and will be constantly reviewed and approved by the legal advisors of the LOVR GmbH to ensure that they are compliant with the existing laws and regulations. As far as the LOVR GmbH or its advisors will encounter legal uncertainties, these will be resolved with the responsible regulatory bodies involved to the extent legally possible and practicable. By sorting out any legal or regulatory exposures from the very beginning, the group is aiming for full transparency towards investors as well as regulators to achieve the highest level of investor confidence as well as legal and regulatory compliance possible. Reporting The LOVR GmbH will provide a reporting structure that gives each holders of LVR appropriate transparency on what has been achieved with the proceeds from the ICO, as well as the status of the projects. The LOVR network will provide Token holders with most current information, which will be made accessible on its website. Possible Risk Factors The purchase of the LVR involves a high degree of risk, including but not limited to the risks described below. Before acquiring the LVR, it is recommended that each participant carefully weighs all the information and risks detailed in this

14 Whitepaper, and, specifically, the following risk factors. Please further note that the LOVR ecosystem may be subject to other risks not foreseen. Dependence on Computer Infrastructure The LOVR system depends on the functioning of the software applications, computer hardware, and the internet. This implies that no assurances can be given that a system failure would not adversely affect the use of the LVR. Despite the intended implementation of all reasonable network security measures, the processing center servers are vulnerable to computer viruses, physical or electronic break-ins or other disruptions of a similar nature. Computer viruses, break-ins or other disruptions caused by third parties may result in interruption, delay or suspension of services, which would limit the use of LVR or/and additional services. Smart Contract Limitations Smart contract technology is still in its pilot stage of development, and its application is of experimental nature. This may carry significant operational, technological, regulatory, financial and reputation risks. Consequently, it cannot be ensured that smart contracts to the extent used will properly work, or that they contain no flaws, vulnerabilities or issues which could cause technical problems and, thereby, cause damages. Insufficient Penetration of the Market The success of the LVR and the LOVR Ecosystem depends on its ability to be accepted as a payment means and payment system by the major players of the adult entertainment industry and other target industries. Although the LOVR GmbH has already signed first agreements with such major players, it cannot be excluded that such contracts will not be executed as agreed or will be terminated, or that the LVR will not achieve the market penetration as is required to obtain a significant market capitalization for other reasons. In such case, the value of the LVR would suffer; a total loss also cannot be excluded.

15 Regulatory Risks Blockchain technology, including but not limited to the issuing of coins, may be a new concept in some jurisdictions, which may then apply existing laws or introduce new regulations regarding Blockchain technology-based applications. Such regulations may conflict with the current LVR and LOVR Ecosystem concept. This may result in the need to make substantial modifications, and the suspension or termination of all LVR functions. It cannot be ruled out that services and projects described in this document will have to be adjusted or modified in certain countries because of the regulatory environment. It also cannot be ruled out that some services will be impossible to provide in certain jurisdictions. Tax Warning The User understands that LOVR does not act as a tax agent or tax consultancy firm of the User; the User and LOVR carry their tax obligations solely under the applicable laws of the country and location they reside in. LOVR is not a tax agent or tax consultancy firm and therefore shall not provide Users' financial information to any third parties. This information shall not be disclosed unless officially requested by government authorities. Force-Majeure (vis major) User understands that LOVR will not be liable to User for any breach hereunder, including for failure to deliver or delays in delivery of the Services occasioned by causes beyond the control of LOVR including but not limited to unavailability of materials, strikes, labour slowdowns and stoppages, labour shortages, lockouts, fires, floods, earthquakes, storms, droughts, adverse weather, riots, thefts, accidents, embargoes, war (whether or not declared) or other outbreak of hostilities, worldwide epidemics, financial crisis, civil strife, acts of governments, acts of God, governmental acts or regulations, orders or injunctions, or other reasons, whether similar or dissimilar to the foregoing (each a Force Majeure Event ).

16 Disclosure of Information Personal information received from holders of the LVR, the information about the number of Token owned, the wallet addresses used, and any other relevant information may be disclosed to law enforcement, government officials, and other third parties when the LOVR GmbH is required to disclose such information by law, subpoena, or court order. The LOVR GmbH shall at no time be held responsible for such information disclosure. Value Once purchased, the value of the LVR may significantly fluctuate due to various reasons. The purchase of LVR can even lead to a total loss. There is no guarantee that the User can acquire sufficient LVR for their usage within the LOVR Ecosystem and external platforms and neither is there a guarantee that the User can cash out their LVR via external platforms. Furthermore, every LVR holder naturally carries the risk of volatile exchange rate fluctuations of the LVR towards other cryptocurrencies and Fiat money exchange rates. Volatility of Cryptocurrencies The LVR may be significantly influenced by digital currency market trends and the LVR value may be severely depreciated due to non-lvr related events in the digital currency markets. Cryptocurrencies exchange rate volatility may impact the company's ability to provide services at the indicated prices. Assumptions with respect to the foregoing involve, among other things, judgments about the future economic, competitive and market conditions and business decisions, most of which are beyond the control of the LOVR team and are therefore difficult or impossible to accurately predict. Lack of Funds from ICO Proceeds LOVR may not reach the target sale amount and may not have sufficient funds to execute its business plan. Furthermore, LOVR may not succeed in creating the necessary momentum and acceptance for the LVR, which may result in low liquidity and depletion of trades. The positions and plans outlined in this Whitepaper may be altered as the project progresses.

17 Delayed Projects & Competition Although the LOVR team, supporters, partners and employers believes that its assumptions underlying its forward-looking statements are reasonable, any of these may prove to be inaccurate. As a result, LOVR can offer no assurances that the forward-looking statements contained in this Whitepaper will prove to be accurate. Considering the significant uncertainties inherent in the forward-looking statements contained herein, the inclusion of such information may not be interpreted as a warranty on the part of LOVR or any other entity belonging to the LOVR Ecosystem that the objectives and plans of the LVR project will be successfully achieved. Competition may introduce the same or better prediction market solutions and cause LOVR to lose market share and eventually fail to deliver on its business goals. This scenario could for example be caused if other currently more established cryptocurrencies will be accepted as preferred payment means by users and payers of the adult entertainment industry. No Warranties All of the information provided within this whitepaper is provided AS-IS and with no warranties. No express or implied warranties of any type, including implied warranties of merchantability or suitability for a particular purpose, are made with respect to the information, or any use of the information, on this site or platform. LOVR makes no representations and extends no warranties of any type as to the accuracy or completeness of any information or content in Disclaimer of Liability LOVR specifically disclaims liability for incidental or consequential damages and assumes no responsibility or liability for any loss or damage suffered by any person as a result of the use or misuse of any of the information or content in this whitepaper or on the lovr.network website. LOVR assumes or undertakes no liability for any loss or damage suffered as a result of the use, misuse or reliance on the information and content in this whitepaper or on the lovr.network website. In no event shall LOVR be liable to User

18 for any special, indirect, incidental, consequential, exemplary or punitive damages (including lost or anticipated revenues or profits and failure to realise expected savings arising from any claim relating to the services provided by LOVR) whether such claim is based on warranty, contract, tort (including negligence or strict liability) or otherwise or likelihood of the same. Use at your own Risk By using the Pre-sale and/or ICO smart contract for LOVR, the LOVR platform, a LOVR product or the lovr.network website including but not limited to the transferring assets to LOVR, the User confirms that he undertakes and understand all the possible risks that directly or indirectly arise from the activity connected with User s participation in the Pre-Sale and/or ICO and/or use of LOVR services and products for an indefinite period of time. Read: _en.html Risks and Uncertainties Prospective purchasers of LVR should carefully consider and evaluate all risks and uncertainties associated with the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem and their respective businesses, payment services, products and operations, the LVR, the LOVR Pre-ICO, the LOVR ICO and the LOVR ewallet, all information set out in this Whitepaper and the T&Cs prior to any purchase of LVR. If any of such risks and uncertainties develops into actual events, the business, financial condition, results of operations and prospects of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem Provider could be materially and adversely affected. In such cases, you may lose all or part of the value of the LVR. Demands on the User You are not eligible and not allowed to participate in the LOVR ICO (as referred to in this Whitepaper) if you are People s Republic of China, a citizen, resident (tax or otherwise) or green card holder of 49 the United States of America (USA) or

19 a citizen or resident of the Republic of Singapore, Socialist Republic of Vietnam or resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with LOVR and the different elements of the universal LOVR Ecosystem and their supplementary services, businesses, products, payment systems and operations. This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. Cautionary Note on Forward-Looking Statements All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by LOVR GmbH and/or any entity or person being a part of the LOVR Ecosystem, including their respective directors, executive officers or employees acting on behalf of them that are not statements of historical fact, constitute forward-looking statements. Some of these statements can be identified by forward-looking terms such as aim, target, anticipate, believe, could, estimate, expect, if, intend, may, plan, possible, probable, project, should, would, will or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding to the financial position of LOVR, business strategies, plans and prospects and the prospects of the industry which the LOVR GmbH and/or any other entity or person being a part of the LOVR Ecosystem is in are forwardlooking statements. These forward-looking statements,

20 including but not limited to statements as to LOVR GmbH or the LOVR Ecosystem revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper are matters that are not historical facts, but only predictions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of the LOVR GmbH and the LOVR Ecosystem to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others: a.) changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem conducts its respective businesses, payment services and operations; b.) the risk that LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem may be unable or execute or implement their respective business strategies and future plans; c.) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; d.) changes in the anticipated growth strategies and expected internal growth of the LOVR and/or any other entity being a part of the LOVR Ecosystem; e.) changes in the availability and fees of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem in connection with their respective businesses, payment services and operations; f.) changes in the availability and salaries of employees who are required by the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem to operate their respective businesses, payment services and operations; g.) changes in preferences of customers of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem; h.) changes in competitive conditions under which the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem operate, and the ability of the LOVR GmbH and/or

21 any other entity being a part of the LOVR Ecosystem to compete under such conditions; i.) changes in the future capital needs of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem and the availability of financing and capital to fund such needs; j.) war or acts of international or domestic terrorism; k.) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem; l.) other factors beyond the control of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem; and m.) any risk and uncertainties associated with the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem and their businesses and operations, the LVR (LOVR Token), the LOVR PreICO, the LOVR ICO, the LOVR payment solution and the LOVR ewallet. All forward-looking statements made by or attributable to the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem or persons acting on behalf of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem to be materially different from that expected, expressed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper. Neither the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem will be as discussed in those forward-looking statements. The actual results, performance or achievements of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem may differ materially from those anticipated in these forward- looking statements. Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future

22 performance or policies of the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem. Further, the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem disclaim any responsibility to update any of those forward- looking statements or publicly announce any revisions to those for-ward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future. Representations and Warranties by Users and Supporters By accessing and/or accepting possession of any information in this Whitepaper or such part thereof, you represent and warrant to the LOVR GmbH or any entity or person being a part of the LOVR Ecosystem as follows: a.) you agree and acknowledge that the LVR does not constitute securities in any form in any jurisdiction; b.) you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter any contract or binding legal commitment and no cryptocurrency or other form of payment have to be accepted on the basis of this Whitepaper; c.) you accept and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with; d.) you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the ICO of the LOVR, or future trading of the LVR on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the LOVR GmbH or any entity or person being a part of the LOVR Ecosystem; e.) the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws,

23 regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to the LOVR GmbH or any entity or person being a part of the LOVR Ecosystem; f.) you agree and acknowledge that in the case where you wish to purchase any LVR, the LOVR is not to be construed, interpreted, classified or treated as: any kind of currency other than cryptocurrency; debentures, stocks or shares issued by any person or entity; rights, options or derivatives in respect of such debentures, stocks or shares; units in a collective investment scheme; units in a business trust; derivatives of units in a business trust; or any other security or class of securities. g.) you are fully aware of and understand that you are not eligible to purchase any LVR if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America, People s Republic of China or a citizen or resident of the Republic of Singapore, Socialist Republic of Vietnam or resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba; h.) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, block-chainbased software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology; i.) you are fully aware and understand that in the case where you wish to purchase any LVR, there are risks associated with the LVR and the LOVR Ecosystem and their respective services, business, payment services, products and operations; j.) you agree and acknowledge that neither LOVR nor any entity or person being a part of the LOVR Ecosystem is liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you; and rights under a contract for differences or

24 under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; k.) all of the above representations and warranties are true, complete, accurate and non- misleading from the time of your access to and/or acceptance of possession this Whitepaper or such part thereof (as the case may be). Market and Industry Informations This Whitepaper includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. Save for LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem and their respective directors, executive officers and employees, no person has provided his or her consent to the inclusion of his or her name and/or other information attributed or perceived to be attributed to such person in connection therewith in this White-paper and no representation, warranty or undertaking is or purported to be provided as to the ac-curacy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same. While LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem have taken reasonable actions to ensure that the information is extracted accurately and in its proper context, the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem have not conducted any independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither the LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem, nor their respective directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy or completeness

25 of such information and shall not be obliged to provide any updates on the same. Restrictions on Distribution and Dissemination The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to LOVR GmbH and/or any other entity being a part of the LOVR Ecosystem. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or other-wise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.

26 Final Warning The LOVR Pre-sale and/or ICO participations can be considered High-Risk Trading; purchasing financial instruments via a Presale and/or ICO or utilising services offered on the website may result in significant losses or even in a total loss of all funds invested. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. This Whitepaper also does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the seller of the LVR (LOVR Token/Token Provider) to purchase any LVR nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. No information provided on LOVR network, platform, product or website should be interpreted as investment advice. It does not constitute an offer or invitation by LOVR to any User to buy or to sell tokens or make any investment. The User guarantees that he is a legally capable person of a majority age and complies with legal rules and applicable laws of the jurisdiction where the User lives. By participating in the Pre-sale and/or ICO User confirms that he has read, understood and agree to comply with all restrictions set forth above.