IMPORTANT NOTICE
PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED
“DISCLAIMER OF LIABILITY”, ¨NO REPRESENTATIONS AND WARRANTIES¨,
¨REPRESENTATIONS AND WARRANTIES BY YOU¨, ¨CAUTIONARY NOTE ON
FORWARD LOOKING STATEMENTS¨, ¨MARKET AND INDUSTRY INFORMATION
AND NO CONSENT OF OTHER PERSONS¨, ¨NO ADVICE¨, ¨NO FURTHER
INFORMATION OR UPDATE¨, ¨RESTRICTIONS ON DISTRIBUTION AND
DISSEMINATION¨, ¨NO OFFER OF SECURITIES OR REGISTRATION¨ AND ¨RISKS
AND UNCERTAINTIES¨ CAREFULLY.
CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL
ADVISOR(S) IF YOU ARE UNSURE ABOUT THE ACTION YOU SHOULD TAKE.
The BTLM tokens are not intended to constitute securities in any jurisdiction. This
document does not constitute a prospectus or offer document of any sort and is not
intended to constitute an offer of securities or a solicitation of investment in securities in
any jurisdiction.
This document does not represent a form of any opinion or advice to sell, or any
solicitation of any offer by the “Distributor” of BTLM tokens to purchase any BTLM
tokens 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 person is bound to enter into any contract or binding legal commitment in relation to
the sale and purchase of the BTLM tokens and no cryptocurrency or other form of
payment is to be accepted on the basis of this document.
Any agreement as between the Distributor and you as a purchaser, and in relation to
any sale and purchase, of BTLM tokens (as referred to this document) is to be governed
by only a separate document setting out the terms and conditions (the “T&Cs”) of such
agreement. In the event of any inconsistencies between the T&Cs and this document,
the former shall prevail.
You are not eligible and you are not to purchase BTLM tokens in the Bitlem Network
Token Initial Token Sale if you are a citizen, resident (tax or otherwise) or green card
holder of the United States of America or a citizen or resident of the Republic of
Singapore, or any other jurisdiction where participating in the mentioned event could
interfere with tax, financial or other kind of laws.
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 the Bitlem and/or the Distributor and
their respective businesses and operations, the Bitlem Network Token, and the projects
listed in this Whitepaper.
This Whitepaper, any part thereof and any copy thereof must not be taken or
transmitted to any country where distribution or dissemination of this document is
prohibited or restricted.
No part of this Whitepaper is to be reproduced, distributed or disseminated
without including this section and the following sections entitled “Disclaimer of
Liability”, “No Representations and Warranties”, “Representation and Warranties
By You”, “Cautionary Note On Forward-Looking Statements”, “Markets and
Industry Information and No Consent Of Other Persons”, “Terms Used, “No
Advice”, "Restrictions on Distribution”, “No Offer of Securities or Registration”,
“Risks and Uncertainties”.
DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, Bitlem
and/or the Distributor shall not be 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.
The BTLM token is a utility token. This product is not a digital currency, security,
commodity, or any kind of financial instrument and has not been registered under the
Securities Act, the securities laws of any state of the United States of America or the
securities laws of any other country, including the securities laws of any jurisdiction in
which a potential token holder is a resident.
NO REPRESENTATIONS AND WARRANTIES
Bitlem and/or the Distributor does not make or purport to make, and hereby disclaims,
any representation, warranty or undertaking in any form whatsoever to any entity or
person, including any representation, warranty or undertaking in relation to the truth,
accuracy and completeness of any of the information set out in this Whitepaper.
REPRESENTATIONS AND WARRANTIES BY YOU
By accessing and/or accepting possession of any information in this Whitepaper or such
part thereof (as the case may be), you represent and warrant to Bitlem and/or the
Distributor as follows:
a. You agree and acknowledge that the BTLM tokens do 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 into any contract or binding legal commitment and no cryptocurrency or
other form of payment is to be accepted on the basis of this Whitepaper.
c. You agree 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 requirement or rules of any jurisdiction and the
publication, distribution or dissemination of this Whitepaper to you does not imply that
the applicable laws, regulatory requirement or rules have been complied with.
d. You agree and acknowledge that this Whitepaper, the undertaking and/or the
completion of the BTLM Initial Token Sale, or future trading of the BTLM tokens on any
cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an
indication of the merits of the Bitlem and/or the Distributor, the BTLM tokens, the BTLM
Initial Token Sale and the projects referred in this Whitepaper.
e. The distribution of 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 law, 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 Bitlem and/or the Distributor.
f. You agree and acknowledge that in the case where you wish to purchase any
BTLM tokens, the BTLM tokens are not to be construed, interpreted, classified or
treated as: 1) any kind of currency other than cryptocurrency. 2) Debenture, stock or
shares issued by any person or entity (whether Bitlem and/or the Distributor). 2) Rights,
options or derivatives in respect of such debentures, stocks or shares. 3) Rights under a
contract for differences or under any other contract the purpose or pretended purpose of
which is to secure a profit or avoid a loss. 4) Units in a collective investment scheme. 5)
Units in a collective business trust. 5) 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 BTLM
tokens if you are a citizen, resident (tax or otherwise) or green card holder of the United
States of America, a citizen or resident of the Republic of Singapore, a citizen or
resident of the People's Republic of China, or a citizen or resident of any other
jurisdiction where participating in the BTLM token Initial Token Sale could infringe the
rules, or laws of the given jurisdiction.
h. You have a basic degree of understanding of the operation, functionality, usage,
storage, transmission mechanisms and other material characteristics of
crpyocurrencies, blockchain-based 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
BTLM tokens there are risks associated with Bitlem and the Distributor and their
respective business and operations, the BTLM tokens, the BTN Initial Token Sale and
the projects described in this Whitepaper.
j. You agree and acknowledge that neither Bitlem nor the Distributor 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 nay part thereof by you.
k. You accept that all of the above representations and warranties are true,
complete, accurate and non-misleading from the time you access to and/or acceptance
of possession this Whitepaper or such part thereof (as the case may be).
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 Bitlem
and/or the Distributor or their respective directors, executive officers or employees
acting on behalf of Bitlem or the Distributor, 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”,”should”,”would”,”will”, or other
similar terms. However, these terms are not the exclusive means of identifying forwardlooking
statements. All statements regarding Bitlem and/or the Distributor’s financial
position, business strategies, plans and prospects and the future prospects of the
industry which Bitlem and/or the Distributor is in are forward-looking statements. These
forward-looking statements, including, but not limited to statements as to Bitlem and/or
the Distributor’s revenue and profitability, prospects, future, plans, other expected
industry trends and other matters discussed in this Whitepaper regarding Bitlem and/or
the Distributor are matter 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 and achievements of
Bitlem and/or the Distributor 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:
1. Changes in political, social, economic and stock or cryptocurrency market
conditions, and the regulatory environment in the countries in which Bitlem
and/or the Distributor conducts its respective business and operations.
2. The risk that Bitlem and/or the Distributor may be unable or execute or
implement their respective business strategies and future plans.
3. Changes in interest rates and exchange rates of fiat currencies and
cryptocurrencies.
4. Changes in anticipated growth strategies and expected internal growth of Bitlem
and/or the Distributor.
5. Changes in the viability and fees payable to Bitlem and/or the Distributor in
connection with their respective businesses and operations.
6. Changes in the availability and salaries of employees who are required by Bitlem
and/or the Distributor to operate their respective businesses and operations.
7. Changes in preferences of customers of Bitlem and/or the Distributor.
8. Changes in competitive conditions under which Bitlem and/or the Distributor
operate, and the ability of Bitlem and/or the Distributor to compete under such
conditions.
9. Changes in the future capital needs of Bitlem and/or the Distributor and the
availability of financing and capital to fund such needs.
10. War or acts of international or domestic terrorism.
11. Occurrences of catastrophic events, natural disasters and acts of nature that
affect the business and/or operations of Bitlem and/or the Distributor.
12. Other factors beyond the control of Bitlem and/or the Distributor.
13. Any risks and uncertainties associated with Bitlem and/or the Distributor and their
businesses and operations, the BTLM tokens, the BTLM Initial Token Sale and
other projects described in this Whitepaper.
All forward-looking statements made by or attributable to Bitlem and/or the Distributor or
persons acting on behalf of Bitlem and/or the Distributor 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 Bitlem and/or the Distributor 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 Bitlem, the Distributor nor any person represents warrants and/or undertakes
that the actual future results, performance or achievements of Bitlem and/or the
Distributor will be as discussed in those forward-looking statements. The actual results,
performance or achievements of Bitlem and/or the Distributor 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 performance or policies of Bitlem and/or
the Distributor.
Further, Bitlem and/or the Distributor disclaim any responsibility to update any of those
forward-looking statements publicly or announce any revisions to reflect future
developments, events or circumstances even if new information becomes available or
other events occur in the future.
MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER
PERSONS
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 Bitlem, the Distributor 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 Whitepaper and no representation, warranty or undertaking
is or purported to be provided as to the accuracy or completeness of such information
by such person and such persons shall not be obliged to provide any updates on the
same in connection therewith in this Whitepaper and no representation, warranty or
undertaking is or purported to be provided as to the accuracy or completeness of such
information by such persons shall not be obliged to provide any updates on the same.
While Bitlem and/or the Distributor have taken reasonable actions to ensure that the
information is extracted accurately and in its proper context, Bitlem and/or the
Distributor 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 them. Consequently,
neither Bitlem, the Distributor, nor their respective directors, executive officers and
employees acting on their behalf makes any representation or warranty as to the
accuracy or completeness of such information and shall not be obliged to provide any
updates on the same.
TERMS USED
To facilitate a better understanding of the BTLM tokens being offered for purchase by
the Distributor, and the businesses and operations of Bitlem and/or the Distributor,
certain technical terms and abbreviations, as well as, in certain instances, their
descriptions, have been used in this Whitepaper. These descriptions and assigned
meanings should not be treated as being definitive of their meanings and may not
correspond to standard industry meanings or usage.
NO ADVICE
No information in this Whitepaper should be considered to be business, legal, financial
or tax advice regarding Bitlem, the Distributor, the BTLM tokens, the BTLM Initial Token
Sale or the projects presented in this Whitepaper. You should consult your own legal,
financial, tax or other professional adviser regarding Bitlem and/or the Distributor and
their respective businesses and operations, the BTLM tokens, the BTLM Initial Token
Sale and the projects presented in this Whitepaper. You should be aware that you may
be required to bear the financial risk of any purchase of BTLM tokens for an indefinite
period of time.
NO FURTHER INFORMATION OR UPDATE
No person has been or is authorized to give any information or representation not
contained in this Whitepaper in connection with Bitlem and/or the Distributor and their
respective businesses and operations, the BTLM tokens, the BTLM Initial Token Sale
and the projects described in this Whitepaper and, if given, such information or
representation must not be relied upon as having been authorized by or on behalf of
Bitlem and/or the Distributor. The BTLM Initial Token Sale shall not, under any
circumstances, constitute a continuing representation or create any suggestion or
implication that there has been no charge, or development reasonably likely to involve a
material change in the affairs, conditions and prospects of BTLM and/or the Distributor
or in any statement of fact or information contained in this Whitepaper since the date
hereof.
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 Bitlem and/or the Distributor.
NO OFFER OF SECURITIES OR REGISTRATION
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
insecurities in any jurisdiction. No person is bound to enter into any contract or binding
legal commitment and no cryptocurrency or other form of payment is to be accepted on
the basis of this Whitepaper. Any agreement in relation to any sale and purchase of
BTLM tokens is to be governed by only the T&C of such agreement and no other
document. In the event of any inconsistencies between the T&Cs and this Whitepaper,
the former shall prevail.
You are not eligible to purchase BTLM tokens in the Bitlem Initial Token Sale if you are
a citizen, resident (tax or otherwise) or green card holder of the United States of
America or a citizen of the Republic of Singapore, or a citizen of resident of the People's
Republic of China, or a citizen or a resident of any jurisdiction where participating in the
Initial Token Sale could be deemed illegal.
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 applicable laws, regulatory requirements or rules
have been complied with.
RISKS AND UNCERTAINTIES
Prospective purchasers of BTLM tokens should carefully consider and evaluate all risks
and uncertainties associated with Bitlem, the Distributor and their respective businesses
and operations, the BTLM tokens, the BTLM Initial Token Sale, all the projects
described in this Whitepaper, and T&C prior to any purchase of BTLM tokens. If any of
such risks and uncertainties develops into actual events, the business, financial,
condition, results of operations and prospects of Bitlem and/or the Distributor could be
materially and adversely affected. In such cases, you may lose all or part of the value of
the BTLM tokens.