Terms & Conditions

The following Terms and Conditions ("Terms") govern your (“you” or the “Purchaser”) purchase of cryptographic tokens ("BOCS") from Blocser, an exempted company registered in Denmark (the “Company”). Each of you and the Company is a “Party ” and, together, the “Parties ” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the BOCS token sale.

If you do not agree to these terms, do not purchase bocs from the company. By purchasing bocs from the company, you will be bound by these terms and any terms incorporated by reference. if you have any questions regarding these terms, please contact the company at [email protected] By purchasing bocs, and to the extent permitted by law, you are agreeing not to hold any of the the company and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “blocser team ”) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of bocs, including losses associated with the terms set forth below.

Do not purchase bocs if you are not an expert in dealing with cryptographic tokens and blockchain-based software systems. Prior to purchasing bocs, you should carefully consider the terms listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not purchase bocs.

Purchases of bocs should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, and blockchain based software systems. Purchasers should have a functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While the company will be available to assist purchasers of bocs during the sale, the company will not be responsible in any way for loss of btc, eth, ltc, eos, dash or bocs resulting from actions taken by, or omitted by purchasers. If you do not have such experience or expertise, then you should not purchase bocs or participate in the sale of bocs. Your participation in bocs sale is deemed to be your undertaking that you satisfy the requirements mentioned in this paragraph.

Purchaser agrees to buy, and company agrees to sell, the bocs tokens in accordance with the following terms:

1. Conditions to BOCS token sale

You may not make a acquire a bocs token 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 south africa, or china.

When you purchase, or otherwise receive, a BOCS token, you may only do so by accepting the following conditions and, by doing so, you warrant and represent that the following are a true and accurate reflection of the basis on which you are acquiring the BOCS tokens:

  • Neither the Company nor any of the Blocser Team has provided you with any advice regarding whether BOCS is a suitable investment for you;
  • You have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, such as Bitcoin and Ether, as well as blockchain-based software systems generally;
  • You are legally permitted to receive and hold and make use of BOCS in your and any other relevant jurisdiction;
  • You will supply us with all information, documentation or copy documentation that we require in order to allow us to accept your purchase of BOCS and allocate BOCS to you (full KYC);
  • You have not supplied us with information relating to your acquisition of BOCS or otherwise which is inaccurate or misleading;
  • You will provide us with any additional information which may be reasonably required in order that we can fulfil our legal, regulatory and contractual obligations, including but not limited to any anti-money laundering obligation and KYC;
  • You will notify us promptly of any change to the information supplied by you to us;
  • You are of a sufficient age (if an individual) to legally obtain BOCS, and you are not aware of any other legal reason to prevent you from obtaining BOCS;
  • You take sole responsibility for any restrictions and risks associated with receiving and holding BOCS, including but not limited to these set out in Annex A;
  • By acquiring BOCS, you are not making a regulated investment, as this term may be interpreted by the regulator in your jurisdiction;
  • You are not obtaining or using BOCS for any illegal purpose, and will not use BOCS for any illegal purpose;
  • You waive any right you may have / obtain to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the sale of BOCS;
  • Your acquisition of BOCS not involve your purchase or receipt of shares, ownership or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction;
  • To the extent permitted by law and provided we act in good faith, the Company makes no warranty whatsoever, either expressed or implied, regarding the future success of BOCS and/or the Blocser company;
  • You accept that BOCS is created and you obtain BOCS on an “as is” and “under development” basis. Therefore, provided the Company acts in good faith, you accept that the Company is providing BOCS without being able to provide any warranties in relation to BOCS, including, but not limited to, title, merchantability or fitness for a particular purpose;
  • You accept that you bear sole responsibility for determining if (i) the acquisition, the allocation, use or ownership of BOCS (ii) the potential appreciation or depreciation in the value of BOCS over time, if any, (iii) the sale and purchase of BOCS; and/or (iv) any other action or transaction related to BOCS has tax implications;

2. Overview of BOCS sale

The maximum total amount of BOCSs to be issued is 250.000.000 (roughly equivalent to US$41.400.000). BOCSs are generated as Purchasers buy them and the total supply of BOCSs will be fixed after the end of the BOCS sale. No more BOCSs will be issued after the end of the BOCS sale, as described in the preceding paragraph. Purchases of BOCS are non-refundable.The anticipated distribution of the BOCS tokens is as follows:

3. BOCS Price

Bocs sold in the SEED phase will be priced at 0.23 USD CENT. In the Private sale the token price will be 0.33 USD CENTS. In the Pre Launch ICO phase the price is 0.50 USD CENTS and in the post launch ICO the price will be 1 USD.

In all phases there will be possibility to obtain bonus tokens based on timing and/amount invested. See white paper for further details.

4. Timing of BOCS Token Sale

The seed phase runs from september 1st until september 30. 2018. The Private sales runs from november 1. until November 30. 2018. The prelaunch ICO phase runs from January 1st. 2019 until march 31. 2019.The post launch ICO runs from April 1. Until June 30. 2019

Token distribution

5. After the BOCS Token Sale

The Purchasers should have no expectation of influence over governance of the Company. The Company will provide you with an official and regular audit conducted on the revenues generated buy the company each quarter. Through this audit, you can track and confirm that the correct amount of money has reached the rev share pool. The company will pay out dividend from the rev share pool in BTC, LTC, ETHER, eos or dash no later than 20 days after the end of an quarterly report.

6. The Company Will Not Purchase BOCS During the BOCS Sale

The Company warrants that neither it nor its shareholders will purchase BOCS during the BOCS sale. Furthermore, the Company warrants that neither it nor its shareholders will purchase BOCS from any third party during the period of the BOCS sale.

7. All purchases of BOCS are final

All purchases of bocs are final. purchases of bocs are non-refundable. by purchasing bocs, the purchaser acknowledges that neither the company nor any of its affiliates, directors or sharehodelrs are required to provide a refund for any reason.

If the company believes, in its sole discretion, that any individuals or entities owning bocs creates material regulatory or other legal risks or adverse effects for the company and/or bocs, the company reserves the right to: (a) buy all bocs from such bocs owners at the then-existing market price.

8. Taxation of BOCS and Taxation Related to the ICO

The Purchaser bears the sole responsibility to determine if the purchase of BOCS with BTC, LTC, ETH or the potential appreciation or depreciation in the value of BOCS over time has tax implications for the Purchaser in the Purchaser's home jurisdiction. By purchasing BOCS, and to the extent permitted by law, the Purchaser agrees not to hold any of the Company, its affiliates, shareholders, director, or advisors liable for any tax liability associated with or arising from the purchase of BOCS.

9. Privacy

The Purchasers may be contacted by email by the Company. Such emails will be informational only. The Company will not request any information from Purchasers in an email. See our Privacy Policy available on the Website for additional information.

10. Force Majeure

The Blocser Team is not liable for failure to perform solely caused by:

  • Unavoidable casualty,
  • Delays in delivery of materials,
  • Embargoes,
  • Government orders,
  • Acts of civil or military authorities,
  • Acts by common carriers,
  • Emergency conditions (including weather conditions),
  • Security issues arising from the technology used,

or any similar unforeseen event that renders performance commercially implausible. If an event of force majeure occurs, the party injured by the other's inability to perform may elect to suspend the Terms, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.

11. Disclaimer of Warranties

The purchaser expressly agrees that the purchaser is purchasing bocs at the purchaser's sole risk and that bocs is provided on an "as is" basis without warranties of any kind, either express or implied, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose (except only to the extent prohibited under applicable law with any legally required warranty period to the shorter of thirty days from first use or the minimum period required). Without limiting the foregoing, none of the blocser team warrants that the process for purchasing bocs will be uninterrupted or error-free.

12. Limitations Waiver of Liability

The purchaser acknowledges and agrees that, to the fullest extent permitted by any applicable law, the disclaimers of liability contained herein apply to any and all damages or injury whatsoever caused by or related to (i) use of, or inability to use, bocs or (ii) the blocser team under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that none of the blocser team shall be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use of, or inability to use, or purchase of, or inability to purchase, bocs, or arising out of any interaction with the “smart contract” implemented in relation to bocs. The purchaser further specifically acknowledges that the blocser team is not liable for the conduct of third parties, including other purchasers of bocs, and that the risk of purchasing and using bocs rests entirely with the purchaser. To the extent permissible under applicable laws, under no circumstances will any of the blocser team be liable to any purchaser for more than the amount the purchaser have paid to the company for the purchase of bocs. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. Therefore, some of the above limitations in this section and elsewhere in the terms may not apply to a purchaser. In particular, nothing in these terms shall affect the statutory rights of any purchaser or exclude injury arising from any wilful misconduct or fraud of the blocser team.

13. Complete Agreement

These Terms set forth the entire understanding between the Purchaser and the CompanY with respect to the purchase and sale of BOCS. For facts relating to the sale and purchase, the Purchaser agrees to rely only on the Terms in determining purchase decisions and understands that the Terms govern the sale of BOCS and supersede any public statements about the BOCS token sale made by third parties or by the Blocser Team or individuals associated with any of the Blocser Team, past and present and during the BOCS token sale.

14. Severability

The Purchaser and the Company agree that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.

15. No Waiver

The failure of the Company to require or enforce strict performance by the Purchaser of any provision of these Terms or the Company’s failure to exercise any right under these Terms shall not be construed as a waiver or relinquishment of the Company's right to assert or rely upon any such provision or right in that or any other instance. The express waiver by the Company of any provision, condition, or requirement of these Terms shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in these Terms, no representations, statements, consents, waivers, or other acts or omissions by the Blocser Team shall be deemed a modification of these Terms nor be legally binding.

16. Updates to the Terms

The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the Website. Any Purchaser will be deemed to have accepted such changes by purchasing BOCS. The Terms may not be otherwise amended except by express consent of both the Purchaser and the Company.

17. Cooperation with Legal Authorities

The Company will cooperate with all law enforcement enquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions.

18. Indemnification

To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Blocser Team from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your purchase or use of BOCS; (ii) your responsibilities or obligations under these Terms; (iii) your violation of these Terms; or (iv) your violation of any rights of any other person or entity.

The Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this Section 18. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and the Company.

19. Security

You are responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism you use to receive and hold BOCS purchased from the Company, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. The Company is not responsible for any losses, costs or expenses relating to lost access credentials.

20. Language

Currently, only English versions of any Blocser's communications is considered official. The English version shall prevail in case of differences in translation.

21. Governing Law

The Terms, the arbitration clause contained in them, and all non-contractual obligations arising in any way whatsoever out of or in connection with these Terms are governed by, construed, and take effect in accordance with Danish law.

22. Arbitration

Any dispute or difference arising out of or in connection with these Terms or the legal relationships established by these Terms, including any question regarding its existence, validity or termination (“Dispute”), shall be referred to and finally resolved by arbitration under “Soe og Handelsretten In Copenhagen” which will be deemed to be incorporated by reference into this clause, save for any waiver of any rights the parties would otherwise have to any form of appeal or recourse to a court of law or other judicial authority, which rights are expressly reserved. The number of arbitrators shall be three. The seat of the arbitration shall be Copenhagen. The language of the arbitration shall be English.

A dispute arising out of or related to these Terms is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.


BOCS Risks

By purchasing, owning, and using BOCS, you expressly acknowledge and assume the following risks:

1. Risk of Losing Access to BOCS Due to Loss of Private Key(s), Custodial Error or Purchaser Error

A private key, or a combination of private keys, is necessary to control and dispose of BOCS stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing BOCS will result in loss of such BOCS. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your BOCS. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store BOCS in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your BOCS. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving BOCS, or provides an address that is not ERC-20 compatible, may result in the loss of your Tokens.

2. Risks Associated with Bitshares

Because BOCS and the Blocser platform are based on Bitshares, any malfunction, breakdown or abandonment of Bitshares may have a material adverse effect on the platform or BOCS. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the BOCS and the platform, including the utility of the BOCS for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins Bitshares.’

3. Risk of Hacking and Security Weaknesses

Hackers or other malicious groups or organizations may attempt to interfere with the platform or BOCS in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and BOCS, including the utility of BOCS for obtaining services.

4. Risks Associated with Markets for BOCS

If secondary trading of Tokens is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third-parties do ascribe an external exchange value to BOCS (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile.

5. Risk of Uninsured Losses

Unlike bank accounts or accounts at some other financial institutions, BOCS are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

6. Risks Associated with Uncertain Regulations and Enforcement Actions

The regulatory status of BOCS and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Blocser platform and BOCS. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and BOCS. Regulatory actions could negatively impact the platform and BOCS in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of BOCS constitutes unlawful activity or that BOCS are a regulated instrument that require registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof. The Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.

7. Risks Arising from Taxation

The tax characterization of BOCS is uncertain. You must seek your own tax advice in connection with purchasing BOCS, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.

8. Risk of Competing platforms

It is possible that alternative platforms could be established that utilize the same open source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the Blocser services.

9. Risks Arising from Lack of Governance Rights

Because BOCS confer no governance rights of any kind with respect to the Blocser platform or the Company, all decisions involving the Company’s products or services within the platform or the Company itself will be made by the Company at its sole discretion. These decisions could adversely affect the platform and the utility of any BOCS you own, including their utility for obtaining services.

10. Unanticipated Risks

Cryptographic tokens such as BOCS are a new and untested technology. In addition to the risks included in this Annex A of these Terms, there are other risks associated with your purchase, possession and use of BOCS, including unanticipated risks. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Annex A of these Terms.

Further Information

For further information regarding the BOCS sale, please contact [email protected]


1. Confidentiality

I will keep confidential and will not disclose to third parties (other than my tax or other financial advisors under like conditions of confidentiality) any and all information regarding Blocser, an exempted company, registered under the laws of Denmark, however, that this confidential treatment shall not apply to the tax treatment and tax structure of an acquisition of BOCS tokens and all materials of any kind (including opinions or other tax analyses) that are provided to me relating to such tax treatment and tax structure.

2. AcknowledgmentsI understand, acknowledge and agree as follows:
  • Interpretation
  • Terms not defined herein will be as defined in the White Paper and Terms and Conditions (collectively, the Token Sale Terms) located at https://www.blocser.io  (the Website).
  • References to Token Sale Terms and the Articles are to those documents as they may be amended from time to time. White Paper and/or Terms and Conditions
  • I have received and reviewed: (i) the Token Sale Terms and have taken appropriate legal and tax advice with respect to the same
  • I understand that BOCS tokens do not represent nor do they entitle the holder, in any way whatever, to a:
    1. Depository Account;
    2. Custodial Account;
    3. Cash Value Insurance Contract;
    4. Annuity Contract; or
    5. Equity and/or Debt Interest in Blocser;
    6. as such terms are defined in the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015, BTLG1-8265751-5.
3. Terms of Tokens

BOCS tokens are held subject to the terms and conditions of the Token Sale Terms and this Application (this Application).

No certificate will be issued to in relation to my BOCS tokens and my personal BOCS token holding will not be reflected, recognized or recorded in any account or ledger maintained by Blocser.

4. Acquisition and Reversion

I understand that Acquisitions will be processed by Blocser as per its Token Sale Terms. For the purposes of this Application,

I understand that, prior to any purchase of BOCS tokens, I must pay cash or Digital Currency (Contributed Amount) to Blocser in accordance with the Token Sale Terms to the cryptocurrency address indicated by Blocser.

Upon acceptance of my request to buy BOCS tokens, the Contributed Amount will be converted for BOCS tokens in accordance with the Token Sale Terms.

Anti-Money Laundering

Blocser (and/or its delegate) may request such evidence as is necessary to verify the identity and source of funds of a prospective token purchaser and to confirm the AML status of any redeeming BOCS token holder. Blocser shall not accept or repay any Contributed Amount and/or application for BOCS tokens and shall not pay any Reversion Proceeds until all information required for verification purposes has been provided.

If, as a result of any information or other matter which comes to his attention, any person knows or suspects or has reasonable grounds for knowing or suspecting that another person is engaged in criminal conduct or is involved with terrorism or terrorist property and the information for that knowledge or suspicion came to their attention in the course of business in the regulated sector, or other trade, profession, business or employment, the person will be required to report such knowledge or suspicion. Blocser prohibits acceptance of funds by any persons or entities that are acting, directly or indirectly: (i) in contravention of any U.S. or international laws and regulations, including anti-money laundering regulations or conventions; (ii) on behalf of terrorists or terrorist organizations, including those persons or entities that are included on the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Treasury Department’s Office of Foreign Assets Control [1] (“OFAC”), as such list may be amended from time to time; (iii) for a senior foreign political [2] figure, any member of a senior foreign political figure’s immediate family or any close associate of a senior foreign political, unless Blocser, after being specifically notified in writing that the Purchaser is such a person, conducts further due diligence, and determines that such acquisition shall be permitted; or (iv) for a foreign shell bank [3] (such persons or entities in (i) – (iv) are collectively referred to as “Prohibited Persons”).

Tax Information Exchange Obligations

I shall execute properly and provide to Blocser in a timely manner any documentation or other information that Blocser or its agents may request in writing from time to time in connection with the Tax Information Obligations. I waive any provision under the laws and regulations of any jurisdiction that would, absent a waiver, prevent or inhibit Blocser's compliance with applicable law as described in this paragraph, including but not limited to by preventing either (i) the Purchaser from providing any requested information or documentation, or (ii) the disclosure by Blocser and its agents of the provided information or documentation to applicable regulatory authorities.

Without limitation, I shall provide any documentation or other information regarding myself and my beneficial owners requested by Blocser or its agents in connection with the Tax Information Exchange Obligations.Further, I shall have no claim against Blocser or Smart Contract Supporter, or either of their agents or delegates, for any form of damages or liability as a result of actions taken or remedies pursued by or on behalf of Blocser or Smart Contract Supporter in order to comply with the Tax Information Exchange Obligations.

Electronic Delivery of Reports and Other Communications.

I accept that such electronic communications are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems, or may be intercepted, deleted or interfered with or without the knowledge of the sender or the intended recipient. Blocser make no warranties in relation to these matters.

Representations and Warranties

In consideration of the Blocser's acceptance of my offer to purchase BOCS tokens and recognizing its reliance thereon, I agree, represent, and warrant to Blocser that:

  1. I am fully in compliance with the Token Sale Terms.
  2. I am acquiring the BOCS tokens solely for my own account and not as nominee or custodian for another person or entity.
  3. I am not:
    • a “U.S. Person” [4]
    • a resident or citizen of the Republic of South Africa
    • acquiring BOCS tokens as nominee or custodian for another person or entity [5]
    • executing this Application within the United States; or
    • acting on behalf of a trust which has any beneficiaries or trustees that are U.S.Persons

4.4 I did not acquire and will not transfer any BOCS tokens within the United States of America, its territories or possessions (hereinafter collectively referred to as the “United States”).
4.5 I did not engage (except as specifically authorized by the Blocser) and will not engage in any activity relating to the sale of BOCStokens in the United States;
4.6 I will not transfer directly or indirectly any of my BOCS tokens or any interest therein (including without limitation any right to receive dividends or other distributions) without the consent of the directors of the Blocser and further, I shall not transfer directly or indirectly any of my BOCS tokens or any interest therein (including without limitation any right to receive dividends or other distributions) to a U.S. Person or to any other person or entity unless the proposed transferee has made the same representations and warranties as set out herein.
4.7 I did not acquire and will not transfer any BOCS tokens within [the Republic South Africa, its territories or possessions (hereinafter collectively referred to as the “Restricted Territory”).
4.8 I did not engage (except as specifically authorized by the Blocser) and will not engage in any activity relating to the sale of the BOCS tokens in the Restricted Territory;

No solicitation
4.9 I am not aware of and am in no way relying on, and did not become aware of the sale of BOCS tokens through or as a result of, from or in any of the United States or Republic of South Africa: any form of general solicitation or general advertising including, without limitation, any article, notice, advertisement or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or electronic mail over the internet, in connection with the offering and sale of BOCS tokens and I am not purchasing BOCS tokens and did not become aware of the offering of BOCS tokens through or as a result of, in any of the United States or Republic of South Africa, any seminar or meeting to which I was invited by, or any solicitation of a subscription by, a person not previously known to me in connection with investments in securities generally.

Capacity and experience
4.10 I am responsible for the decision to acquire BOCS tokens and I have legal competence and capacity to execute this Application.
4.11 I have the knowledge, expertise, and experience in financial matters to evaluate the risks of acquiring BOCS token, I am aware of the risks inherent in acquiring and the method by which the assets of the Blocser are held and/or traded and I can bear the risk of loss of my entire token acquisition.
4.12 I am qualified and authorized to make such acquisition decision and, to the extent deemed necessary, I have consulted my own advisors and legal counsel regarding acquisition of BOCS tokens. In making the decision to acquire BOCS tokens, I have not relied on any advice or recommendation from the Blocser, nor any placement agent associated with the Blocser, or any of their affiliates.
4.13 To the extent that I am acting on behalf of an entity, I have the full power and authority under such entity's governing instruments to do so and that entity has the full power and authority under its governing instruments to acquire BOCS tokens.

Binding Application and extent of representations and warranties
4.14 This Application constitutes a valid and binding Application and is enforceable against me in accordance with its terms.
4.15 I have read and understand the Blocser's privacy policy.
4.16 (i) I am not, nor is any person or entity controlling, controlled by or under common control with me, a Prohibited Person, (ii) the funds paid for BOCS tokens on my own behalf of any of my beneficial owner(s), were not and are not derived from activities that may contravene any U.S. or international laws and regulations, including anti-money laundering laws and regulations and (iii) to the extent I have any beneficial owners, (A) I have carried out thorough due diligence to establish the identities of such beneficial owners, (B) based on such due diligence, the I reasonably believe that no such beneficial owners are Prohibited Persons, (C) I hold the evidence of such identities and status and will maintain all such evidence for at least five years from the date of my complete redemption from Blocser, and (D) I will make available such information and any additional information that Blocser may require upon request in accordance with applicable regulations. If any of the representations, warranties or covenants in this section cease to be true or if Blocser no longer reasonably believes that it has satisfactory evidence as to their truth, notwithstanding any other agreement to the contrary, Blocser may, in accordance with applicable regulations, be obligated to freeze my token rights, either by prohibiting additional acquisition, declining or suspending any redemption requests, or my BOCS may immediately be involuntarily redeemed by Blocser, and Blocser may also be required to report such action and to disclose my identity to authorities. In the event that Blocser is required to take any of the foregoing actions, I understand and agree that it shall have no claim against Blocser and its respective affiliates, directors, members, partners, shareholders, officers, employees and agents for any form of damages as a result of any of the aforementioned actions.
4.17 Having reviewed the Token Sale Terms, I hereby agree with Blocser, subject to Blocser's provisional acceptance, to acquire for as many of the BOCS tokens as the Contributed Amount shall purchase.

[2] Senior foreign political figure means a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation. In addition, a senior foreign political figure includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure. The immediate family of a senior foreign political figure typically includes the political figure’s parents, siblings, spouse, children and in-laws. A close associate of a senior foreign political figure is a person who is widely and publicly known internationally to maintain an unusually close relationship with the senior foreign political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure.
[3] Foreign shell bank means a foreign bank without a physical presence in any country, but does not include a regulated affiliate. A post office box or electronic address would not be considered a physical presence. A regulated affiliate means a foreign shell bank that: (1) is an affiliate of a depository institution, credit union, or foreign bank that maintains a physical presence in the United States or a foreign country, as applicable; and (2) is subject to supervision by a banking authority in the country regulating such affiliated depository institution, credit union, or foreign bank.
[4] See Exhibit A attached hereto for the definition of a “U.S. Person”.
[5] See Exhibit A attached hereto for the definition of a “U.S. Person”.
[6] Beneficial owners will include, but not be limited to: (i) shareholders of a corporation; (ii) partners of a partnership; (iii) members of a limited liability company; (iv) investors in a fund-of-funds; (v) the grantor of a revocable or grantor trust; (vi) the beneficiaries of an irrevocable trust; (vii) the individual who established an IRA; (viii) the participant in a self-directed pension plan; (ix) the sponsor of any other pension plan; and (x) any person being represented by the Purchaser in an agent, representative, intermediary, nominee or similar capacity. If the beneficial owner is itself an entity, the information and representations set forth herein must also be given with respect to its individual beneficial owners. If the Purchaser is a publicly-traded company, it need not conduct due diligence as to its beneficial owners.



Rule 902 of the U.S. Securities Act of 1933

(1) “U.S. Person” means:

  • any natural person resident in the United States;
  • any partnership or corporation organized or incorporated under the laws of the United States;
  • any estate of which any executor or administrator is a U.S. Person;
  • any trust of which any trustee is a U.S. Person;
  • any agency or branch of a non-U.S. entity located in the United States;
  • any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
  • any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; or
  • any partnership or corporation if:
    • organized or incorporated under the laws of any non-U.S. jurisdiction; and formed by a U.S. Person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Act) who are not natural persons, estates or trusts.

(2) Notwithstanding (1) above, any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. Person by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States shall not be deemed a “U.S. Person”.

(3) Notwithstanding (1) above, any estate of which any professional fiduciary acting as executor or administrator is a U.S. Person shall not be deemed a U.S. Person if:

  • an executor or administrator of the estate who is not a U.S. Person has sole or shared investment discretion with respect to the assets of the estate; and the estate is governed by non-U.S. law.

(4) Notwithstanding (1) above, any trust of which any professional fiduciary acting as trustee is a U.S. Person shall not be deemed a U.S. Person if a trustee who is not a U.S. Person has sole or shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settlor if the trust is revocable) is a U.S. Person.

(5) Notwithstanding (1) above, an employee benefit plan established and administered in accordance with the law of a country other than the United States and customary practices and documentation of such country shall not be deemed a U.S. Person.

(6) Notwithstanding (1) above, any agency or branch of a U.S. Person located outside the United States shall not be deemed a “U.S. Person” if:

  • the agency or branch operates for valid business reasons; and
  • the agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located.

(7) The International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations, and their agencies, affiliates and pension plans, and any other similar international organizations, their agencies, affiliates and pension plans shall not be deemed “U.S. Persons.

IMPORTANT LEGAL DISCLAIMER Access to products and services detailed on this website may be restricted for certain persons or countries. In particular, the products and services referred to herein are not available to U.S. Persons, as defined by Regulation S of the United States Securities and Exchange Commission, as amended (“U.S. Persons”). The information contained on this website is not available to U.S. Persons. Investors who are such "U.S. Persons" should not view this website. The provision of the information in this website does not constitute an offer of securities to any person in the United States or to any "U.S. Person." Blocser is not registered under the U.S. Investment Company Act of 1940, as amended, nor is the sale of Blocser tokens registered under the U.S. Securities Act of 1933, as amended. Consequently, it cannot be offered for sale or be sold in the United States, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas, except pursuant to a valid exemption. More generally, the products and services presented on this website may only be purchased in jurisdictions in which their marketing and distribution are authorised. Blocser advises all interested parties to check in advance whether they are legally entitled to purchase the products and/or services presented on the website.