Terms and Conditions
ReNu Coin Pre-ICO and ICO
Last edited 11-27-2017
This document and any other ReNu Coin or ReNu Green Token (collectively known as “ReNu”) documents do not constitute a prospectus of any sort and are not a solicitation for investment. A ReNu Green Token (“ReNu Token”) and/or ReNu Coin does not represent an ownership or share in any public or Private Corporation, or other entity in any jurisdiction. Acquisition of ReNu Token prior to or through the Initial Coin Offering (“ICO”) shall be non-refundable. There will be no threshold for the sale of Tokens prior to the ICO (“Pre-ICO”) or the ICO itself, as contributions are made by members of the ReNu community in the support of the ideology of the ReNu Coin Group.
ReNu Coin Group will be facilitating the development of ReNu, however, ownership of ReNu will be decentralized from the ReNu Coin Group during development, as well as, prior to and upon execution or launch. The ReNu Coin Group will prospect and assign a separate body board of directors to monitor, evaluate and promote ReNu (board members will posted to the ReNu Coin website upon or prior to the Launch of ReNu Coin, ideally under a non-profit organization), however, this overseeing collective will hold no power, authority or ownership over, or in respect to ReNu Coin, as a decentralized and independent cryptocurrency. We will be using a California S-Corp under the name Mystic Labs, Inc. (“ReNu Coin Group”) for the initial operations and development of the separate governing entity.
ReNu are only to be used in accordance with these Terms and Conditions and do not entitle any member to any additional rights. Any acquisition and use of ReNu carries significant financial risk, including the use of experimental software. Further risk warnings and disclaimers are set out at sections 12 and 15 below.
. 1.1. These Terms & Conditions (the “Terms”) govern: (i) the use of the websites https://www.ReNucCoin.com and https://www.ico.ReNuCoin.com are the only official and authorized websites for Perpetual; (ii) the sale and purchase of ReNu Token prior to and through its ICO; (iii) holding and use of ReNu Token; and (iv) the general sale and purchase of ReNu Token.
. 1.2. These Terms constitute a special purpose contract made exclusively between the holders of ReNu Token and the ReNu Coin Group. It does not constitute a contract with any other ReNu Coin Group entity or any future subsidiary of ReNu Coin Group or any third party. By acquiring ReNu, whether from another member or through the Pre-ICO, a pre-sale, the ICO or any subsequent token offering, you become a member of the ReNu Coin ecosystem (also known as and at times referred to herein as the “ReNu Coin Community of Interest”) and agree to submit to and be bound by all terms and conditions set forth herein. (As used herein throughout, the term “member” refers to members of the ReNu Coin ecosystem or ReNu Coin Community of Interest.)
. 1.3. No member of the ReNu Coin Group is a financial institution and they do not provide investment services, including investment advice, or any other licensed financial services.
. 1.4. The cryptocurrency raised by the ICO will be invested by the ReNu Coin Group around the world in a variety of legal entities and organizations. Allocation of capital will go towards development of the ReNu Coin cryptocurrency platform including developers, local governments, individual buyers and sellers, and renewable energy technology companies, to incentivize communities to adopt renewable energy production practices. These shall be the core criteria to be considered by the board of directors in making such “investments,” though additional criteria may be employed by the board of directors or the founders of ReNu; and, the board of directors may, but need not, consider the likelihood that a contribution will yield a direct tangible financial profit when deciding whether to make any contribution. ICO contributions will also be allocated towards the development of the: ReNu Coin Community of Interest, associated hardware and software, development of an independent and decentralized cryptocurrency, and the associated costs of running and operating such technological developments.
. 1.5. Prospective members cannot contribute to the ICO if there are applicable legal restrictions in their country of residence. It is the responsibility of each member to know these laws regarding their participation in the ICO.
. 1.6. This Pre-ICO is designed to protect those who should not be participating in a high risk venture. By participating in the Pre-ICO, you represent and warrant that you are not a United States person and/or that you are an accredited investor. If you are a United States person, by participating you represent and warrant (a) that you have reviewed the information available at https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors and are familiar with the Securities and Exchange Commission’s (“SEC”) regulation D; and, (b) that you are an accredited investor within the meaning of the SEC’s rules. While we do not believe our ICO is a security, we are limiting our Pre-ICO partcipation to accredited investors. Due to legal restrictions, please kindly see the further disclaimer at section 15 below.
- ReNu Coin Ecosystem
. 2.1. ReNu Token is built on an open source blockchain, specifically the Waves blockchain. Waves is a decentralized exchange (“DEX”) and can be used for ICOs. A preliminary outline of the ReNu Coin Community of Interest and the proposed project is provided in the Green Paper (the “White Paper,” “Green Paper”) published on the website. The contents of the Green Paper are not legally binding and are subject to change in line with the ongoing development of the ReNu Coin Community of Interest and the project. The Green Paper is provided for informational purposes only.
. 2.2. ReNu Token is a cryptocurrency based on the Waves Platform, and shall be used by its community. Service providers to the ReNu Coin Group, delivering qualifying work may be paid in ReNu, USD, crypto currencies or a mix of any in accordance with their respective service agreements.
. 2.3. The holders of ReNu shall not be entitled to vote on any matters concerning the ReNu Coin community. ReNu may not be converted to shares of any corporation or entity involved with the ReNu Coin Group.
. 2.4. ReNu is freely transferrable.
. 2.5. ReNu Coin Group grants you access to the website and the Community Portal as it may exist and be available on any given day and has no other obligations, except as expressly stated in these Terms.
. 2.6. ReNu Coin Group has the right to modify, replace, refuse access to, suspend, or discontinue the website and the Community Portal partially or entirely.
. 2.7. ReNu Coin Group reserves the right to withhold, remove or discard any content available as part of your Community Portal account or website or withhold services, with or without notice.
. 2.8. As required, the ReNu Coin Group will still be able to vote for the efficient running and administration of ReNu Token, and the later ReNu Coin.
. 2.9. The ReNu Coin Group will be operating under Mystic Labs Inc. a United States S-Corp company; located in San Francisco, California and the current directors (the “Directors”) are:
. (i) Trent Lapinski;
. (ii) Greg Kerr;
. (iii) Alyssa Blue;
. (iv) Richard Avery;
. (v) Grant Lapinski; and
. (vi) Timothy Walter
- ReNu Offering – Pre-ICO and the ICO
. 3.1. Participation as a member in the ReNu Coin Community of Interest is possible through payment in cryptocurrencies Bitcoin, Ethereum, Litecoin, and Waves with the minimum effective equivalent of USD$10,000.00 for the Pre-ICO. The Pre-ICO and ICO contributors must be accredited investors if a citizen or resident of the United States. Contribution in the ICO is possible through payment in cryptocurrencies, such as: Bitcoin, Ethereum, Litecoin, and Waves. Contributors during the ICO must make a minimum effective equivalent of USD$10.00 if citizenship is outside the United States, and may only be made if permitted by and in accordance with the laws of their local jurisdiction.
. 3.2. ReNu Token will be available prior to the ICO, through means of the Pre-ICO from 12.00 pm PST time on Monday the 23rd October 2017 (the “Pre-Launch Date”). Members who acquire ReNu Tokens on or after the Pre-Launch Date and prior to the ICO will be awarded bonus ReNu Tokens as follows:
(i) Acquirers of ReNu Tokens within the Pre-ICO will receive five times the amount of ReNu Token than that of the ICO;
PROVIDED THAT the number of ReNu Tokens which shall be available for such Pre-ICO outline shall be limited to 25,000,000 ReNu Tokens in total. The 25,000,000 ReNu Tokens will be allocated to members after the Pe-ICO then no more ReNu Tokens shall be issued under the Pre-ICO or this bonus outline. As such, there is no guarantee that bonus ReNu Tokens will be available for the entire period following the Pre-Launch Date. The Pre-Launch Date expires on or before February 28, 2018, or until there is no more availability of ReNu Tokens for the Pre-ICO.
. 3.3. Prior to the ICO ReNu Tokens may also be made available by way of a Pre-ICO with special discount terms. Such Pre-ICO will be subject to these Terms and will be promoted using social media, newsletter or applicable forms of communication to prospective members registering their interest in ReNu.
. 3.4. Once the Pre-ICO has been completed, which may be prior to the expiration of the time period outlined at clause 3.2 above, ReNu Tokens will not again be available for purchase until commencement of the ICO on a date to be determined by the ReNu Coin Group in 2018.
. 3.5. During the Pre-ICO launch and the ICO launch, a special ReNu Token ICO portal will be available on the website, where members will be able to register and generate a new account. The ReNu ICO page will guide members through the deposit process. This portal described herein can be accessed at https://www.ico.renucoin.com.
. 3.6. Prospective member acquiring ReNu Tokens using cryptocurrencies (Bitcoin, Ethereum and Litecoin), either by way of the Pre-ICO or the ICO, shall be required to provide a valid email address for contact purposes.
. 3.7. There will be a total of 125,000,000 non-mineable ReNu Tokens created for the Pre-ICO and ICO combined. The total shall be allocated as follows:
. (i) 25,000,000 ReNu Tokens will offered in the Pre-ICO;
. (ii) 100,000,000 ReNu Tokens shall be offered in the ICO
. 3.8. Following the issuance of the 125,000,000 ReNu Tokens, no more ReNu Tokens will be release via ICO. The final market cap for the ReNu Coin cryptocurrency has yet to be determined, and there is no guarantee of value for these ReNu Tokens, and they are not securities
. 3.9. During the Pre-ICO and the ICO the cryptocurrency received from members for ReNu Tokens will be placed into a secured software platform – https://www.coinpayments.net managed exclusively by the ReNu Coin Group.
. 3.10 In the event that ReNu is deemed invalid, return costs for members are as follows:
. (i) the establishment and liquidation costs of the ReNu Coin Community of Interest and the ReNu Coin Group and all related advice; and
. (ii) reasonable administration costs relating to the return of such proceeds.
. 3.11. The proceeds raised by the successful ICO will be transferred to ReNu Coin Group which will make the cryptocurrencies available from time to time to third party development, marketing, community organizations, local governments, energy providers, individuals, and capital companies and for onward brokerage of deals and the implementation of renewable energy projects for ReNu Coin Group which may generate profits not just in cryptocurrencies.
. 3.12. There will be monthly reporting via the ReNu Coin website (https://www.renucoin.com) explaining how the proceeds have been applied and the current value of any assets of the ReNu Coin Group. This reporting will begin in February 2018.
- Types of tokens and token rights
. 4.1. By way of these Terms only one type of tokens will be created and issued – ReNu Green Tokens.
. 4.2. ReNu (i) May be bought and sold; (ii) Are freely transferrable; (iii) Have no voting rights whatsoever in respect of the ReNu Coin Community of Interest or the ReNu Coin Group.
- Creation and Issuance of ReNu Green Tokens
. 5.1. ReNu Tokens will be created under and will conform to the guidelines of the Waves token platform and distribution chain.
. 5.2. ReNu Tokens either purchased from or awarded by the the ReNu Coin Group will be issued following the conclusion of the Pre-ICO and later the ICO, with the ReNu Tokens being distributed to the personal Waves wallet created by the prospective member specifically for the purpose of participating in the ReNu Token Pre-ICO and ICO.
- How to purchase ReNu Tokens at the Pre- ICO and the ICO
. 6.1. Full instructions for purchasing ReNu Tokens during the Pre-ICO and the ICO can be found on the ReNu website – https://ico.renucoin.com
- How to purchase ReNu Tokens following the Pre-ICO
. 7.1. Following the Pre-ICO it shall be possible to exchange or trade ReNu Tokens using the DEX Exchange via the Waves platform.
- How to sell and trade ReNu Tokens following the ICO
. 8.1. Following the ICO it shall be possible to exchange or trade ReNu Tokens using the DEX Exchange via the Waves platform.
- Exchange of ReNu Green Tokens for ReNu Coins
. 9.1. Following the ICO tokens will be tradable. The ReNu Coin Group will develop and create a new and separate independent decentralized cryptocurrency called ReNu Coin.
. 9.2. ReNu Tokens will be exchanged for ReNu Coins at a 1:10 ratio.
. 9.3. The development of ReNu Coins will take place after the ICO.
. 9.4. Instructions on how to exchange ReNu Green Tokens for ReNu Coins shall be posted on the https://www.ReNuCoin.com website.
- Life cycle of ReNu Tokens
. 10.1. The ReNu Coin Group shall be able to buy and sell ReNu Tokens. On purchasing ReNu Tokens, ReNu Coin Group retains the right to destroy such purchased ReNu Tokens with the result that fewer ReNu shall be in circulation.
- Limitation of Liability
. 11.1. In no event shall any of the ReNu Coin Group or its members of its staff be liable for:
. • any lost profits, lost savings or incidental, indirect, special or consequential damages, arising out of your use or inability to use the services or products offered by ReNu or the breach of any of these Terms by any third party;
. • any security risk such as hacker attacks, loss of password, unauthorized access, etc;
. • any losses resulting from the extreme volatility in pricing of ReNu in any countries and cryptocurrency exchanges.
. 11.2. If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the agreement, 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.
. 11.3. By acquiring ReNu and to the extent permitted by applicable law, the buyer agrees not to hold the ReNu Coin Group liable for any losses or damages arising out of or in any way connected to the buyer’s failure to properly secure the private key to the wallet containing their ReNu or hacker’s attacks, loss of passwords, etc.
. 11.4. Each member will defend, indemnify, and hold harmless the ReNu Coin Group their affiliates and licensors, and each of their respective employees, officers, directors, and representatives (the “Indemnified Persons”) from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney fees) arising out of or relating to any third-party claim concerning these Terms or the member’s use of ReNu contrary to these Terms. If the Indemnified Persons or any of their affiliates are obligated to respond to a third-party subpoena or other compulsory legal order or process described above, the relevant members will also reimburse the Indemnified Persons (as applicable) for reasonable attorney fees, as well as the Indemnified Persons’ employees’ and contractors’ time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.
. 12.1. Participation in the ReNu Green Token Pre-ICO and ICO and any acquisition of ReNu carries with it significant risk; and, when used herein, the term risk includes, but is not limited to, a material risk. Prior to participation, you should carefully consider the non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals.
. 12.2. Cryptocurrencies and project financing through cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies around the world. The ReNu Coin Community of Interest and the ReNu Coin Group may need to change its operations in order to comply with applicable regulation, and may become subject to licensing requirements. ReNu could be impacted by one or more regulatory actions or regulatory enforcement, which could impede or limit the ability to continue to develop ReNu Green Token and ReNu Coin, and the ReNu Coin Group. This uncertainty significantly adds up to the risks connected with the acquisition and use of ReNu. The ReNu Coin Group will make every effort to adopt its practices to accommodate regulatory needs and changes as they occur.
. 12.3. The ReNu Token software itself utilizes a third-party platform: the Waves blockchain. There is a risk that, as an open source project, any changes to the Waves blockchain could introduce weaknesses or bugs into the ReNu Token software, thus causing the loss of ReNu Tokens in one or more or even all of the member accounts. ReNu Coin Group reserves the right to be vendor agnostic in this regard, and use other blockchain providers where feasible, practical, or necessary.
. 12.4. The field of digital cryptography is very new and for this reason there is a risk of unforeseen attacks, both in terms of the underlying cryptographic protocol that underpins the functionality of ReNu, as well as ‘game theory’ related vectors which have not all been documented to date. Both these vectors represent a risk that could lead to the loss of ReNu in one or more or even all of the member accounts.
. 12.5. Even though there are currently online service available, which enable possibility of exchange of cryptographic tokens between themselves, and also, some of them enable exchange of cryptographic tokens for fiat money, there are no warranties and/ or guarantees given that ReNu will be subject to exchange for other cryptographic tokens and/or fiat money, and no guarantees are given whatsoever with the capacity (volume) of such potential exchange. It shall be explicitly cautioned, that such exchange, if any, might be subject to poorly-understood regulatory oversight, and ReNu Coin Group does not give any warranties in regard to any exchange services providers.
. 12.6. Unlike bank accounts or accounts at some other financial institutions, funds held using ReNu or the ReNu Coin Group network are entirely uninsured.
. 12.7. The risks identified and discussed herein comprise a non-exhaustive list of known or knowable risks, as an exhaustive list would not be practical to compile. In addition to known or knowable risks not discussed herein, there may be unknown or unknowable risks.
- Representation & Warranties
. 13.1. By acquiring ReNu, whether from another member or through the Pre-ICO, the ICO or any subsequent token offering, you represent and warrant that you:
. (i) have a basic level of understanding of the usage and intricacies of cryptographic tokens, such as Bitcoin, and other blockchain-based software systems;
. (ii) are at least 18 years old or the age of contractual capacity;
. (iii) are legally permitted to use ReNu in your jurisdiction;
. (iv) waive your right to participate in a class action lawsuit or a class-wide arbitration against any member or holder of ReNu; are not exchanging ReNu for any illegal purpose within your jurisdiction; understand that there is no warranty whatsoever on ReNu, express or implied, to the extent permitted by law, and that ReNu are created on an “as is” basis; and further agree to accept sole risk for your participation in the ReNu Coin Community of Interest.
. 13.2. You must comply with all applicable tax laws, including the reporting and payment of income tax or similar arising in connection with your use of the ReNu Coin Community of Interest, or appreciation and depreciation of ReNu, and you bear the sole responsibility to determine such implications and act in accordance with such applicable laws.
. 14.1. The ReNu Coin Group shall not use, process or transfer your personal data beyond the limits permitted by statute or defined by the member’s consent. Unless you select otherwise, the information provided to the ReNu Coin Group will not be visible to the public or other community members.
. 14.2. By participating in the ICO you may be requested in the future by ReNu Coin Group to provide certain personal information about yourself (this may include, but is not limited to, your name, contact details, date of birth, personal identification number, field of activity, residency, bank account information, source of funds, scanned copy of passport or similar personal documents, and any other details that may be required to meet legal requirements) to enable us to verify your identity.
. 14.3. By using the website, you have to register with ReNu Coin Group as a member and provide certain information such as a valid email address.
. 14.4. If ReNu Coin Group is required to request the information as stated at clause 14.2 above then ReNu Coin Group will be required to perform Know Your Customer and Anti-Money Laundering (“AML”) procedures. If you supply the personal information described above and any other personal data (including email and IP address), you agree that it can therefore process your information for AML purposes, and can provide your information to the relevant authorities in the countries where it operates.
. 14.5. You hereby authorize the ReNu Coin Group to, directly or through third parties, make any inquiries we consider necessary to verify your identity and/or protect against fraud, including to query identity information contained in public domains or reports, and to take any action we reasonably deem necessary based on the results of such inquiries or reports. You further authorize any and all third parties to whom such inquiries or requests may be directed to fully respond to such inquiries or requests. In the event a distribution shall be made from ReNu Coin Group to the holders of ReNu then each such holder may be required to provide certain client due diligence documentation such as a copy of photographic identification such as a passport or driving licence or proof of address such as a utility bill.
- Important notices and Disclaimers
. 15.1. Prospective members should conduct such independent investigation and analysis regarding ReNu, the ReNu Coin Group and the White Paper and the financial condition, affairs and credit worthiness of ReNu Coin Group as they deem appropriate to evaluate the merits and risks of purchasing ReNu. Prospective members should have sufficient knowledge and experience in financial and business matters, and access to, and knowledge of, appropriate analytical resources, to evaluate the information contained in these Terms, the White Paper and the ReNu Coin website and the merits and risks of purchasing ReNu in the context of their financial position and circumstances. The risks identified in these Terms are provided as general information only and ReNu Coin Group disclaims any responsibility to advise prospective members of the risks and investment considerations associated therewith as they may exist at the date hereof or as they may from time to time alter at any time in the future.
. 15.2. Currently no separate market exists for ReNu. In addition there can be no assurance that any secondary market will provide the holders of ReNu with liquidity or will continue for the life of such ReNu. Consequently, a member must be prepared to hold such ReNu for an indefinite period of time.
. 15.3. No person has been authorized to give any information or to make any representation or warranty not contained in these Terms or any other document entered into in relation to ReNu or any information supplied by ReNu Coin Group or such other information as is in the public domain and, if given or made, such information or representation should not be relied upon as having been authorized by ReNu Coin Group.
. 15.4. The distribution of these Terms and the White Paper and the offering, sale and delivery of ReNu in certain jurisdictions may be restricted by law and persons into whose possession these Terms and the White Paper comes are required by ReNu Coin Group to inform themselves about and to observe any such restrictions. ReNu Coin Group does not represent that these Terms or the White Paper may be lawfully distributed, or that ReNu may be lawfully offered, sold or delivered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution, offering, sale or delivery. No action has been taken by ReNu Coin Group, which would permit the distribution of these Terms or the White Paper or a public offering of ReNu, in any jurisdiction where action for that purpose is required. As a result, unless done so under circumstances that will result in compliance with any applicable laws and regulations, no ReNu may be offered or sold, directly or indirectly, and neither the Terms, nor the White Paper nor any advertisement or other offering material may be distributed or published in any jurisdiction.
. 15.5. Neither these Terms nor the White Paper constitutes an offer or an invitation to subscribe for or purchase any ReNu and should not be considered as a recommendation by ReNu Coin Group that any recipient of these Terms or the White Paper should subscribe for or purchase any ReNu. Each recipient of these Terms or any White Paper shall be taken to have made its own investigation and appraisal of the condition (financial or otherwise) of ReNu Coin Group and ReNu.
. 15.6. ReNu have not been registered or qualified under the Securities Act of 1933 (the “Act”) or the securities laws of any state, in reliance upon one or more specific exemptions from registration or qualification requirements. Such exemptions limit the number and types of prospective members to which the ReNu offering will be made. As a result, ReNu are not offered to US persons and if they should be offered then they hereby are offered only to “accredited investors” as such term is defined in Rule 501 of regulation D of the Act, as amended. ReNu is a community of interest in pursuit of achieving environmental goals. The ReNu Coin Group hereby invokes the First Amendment of the Constitution of the United States of America’s protection for the right to gather under and around an idea.
- Final Provisions
. 16.1. Compliance: ReNu Coin Group shall cooperate with all law enforcement inquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdiction.
. 16.2. Amendments: ReNu Coin Group reserves the right to change, modify, add, or remove portions of these Terms at any time during the Pre-ICO and the ICO and afterwards by posting the amended Terms on the ReNu Coin website, as well as making a public announcement. The revised version will be effective at the time posted unless indicated otherwise. However, ReNu Coin Group will provide 5 working days notice of any substantial change.
. 16.3. Jurisdiction: These Terms shall be governed by and construed in accordance with the laws of the State of California and any member irrevocably submits to the exclusive jurisdiction of the State of California as regards any matter or claim relating to these Terms.
. 16.4. Acceptance of Terms: By the acquisition of ReNu, the member confirms that, to the extent permitted by law, he/she is authorized to acquire ReNu and to fully understand and to be bound by these Terms regarding his/her relevant jurisdiction. If you are not a registered user, but access or use ReNu Coin Group services, mobile applications, electronic platforms, the website located at https://www.ReNuCoin.com or any other associated website, then you indicate that you agree to these Terms. If you do not agree to any of the specific terms or conditions herein you may not access or use any of the ReNu Coin Group services.
. 16.5. Notices: Without prejudice to clause 16.2 above, we may provide any notice to members by: (i) posting a notice on the ReNu Coin website; or (ii) sending an email to the email address then associated with their account. Notices we provide by posting on the website will be effective upon posting and notices we provide by email will be effective when we send the email. It is each member’s responsibility to keep his or her email address current. A member will be deemed to have received any email sent to the email address then associated with their account when sent, whether or not actually received or read. All communications and notices to be made or given pursuant to these Terms must be in the English.
. 16.6. Third Parties: These Terms do not create any third-party beneficiary rights in any individual or entity.
. 16.7. Waiver. The failure to enforce any provision of these Terms by ReNu Coin Group will not constitute a present or future waiver of such provision nor limit ReNu Coin Group’s right to enforce such provision at a later time.
. 16.8. Severability: If any portion of these Terms is held to be invalid or unenforceable, the remaining portions of these Terms will remain in full force and effect. Any invalid or unenforceable portions will be interpreted to affect the intent of the original portion. If such construction is not possible, the invalid or unenforceable portion will be severed from these Terms, but the rest of the Terms will remain in full force and effect.
. 16.9. IP Ownership: All content included on the website, including the associated products and services, such as, but not limited to, text, graphics, logos, images, source code, as well as the compilation thereof, and any software used on the website is the property of ReNu Coin Group and protected by copyright, trademark and other laws that protect intellectual property and proprietary rights. Members agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
. 16.10. Personal Tax: All members’ factual and potential tax obligations are their own concern and the ReNu Coin Group is not in any case and under no conditions bound to compensate for a member’s tax obligation or give any advice related to tax issues, including but not limited to what kind of filing or reporting a member needs to do with the competent tax authority, which taxes and to which extent a member is obliged to pay, which tax exemptions a member may be eligible for etc.
. 16.11. White Paper: The White Paper is not legally binding and is provided for informational purposes only. However, by accepting these Terms members are deemed to have read the White Paper and are aware of all risks and rules provided thereto.
. 16.12. Entire Agreement: These Terms are the entire agreement between the members regarding the subject matter of these Terms. These Terms supersede all prior or contemporaneous representations, understandings, agreements, or communications between any members, whether written or verbal, regarding the subject matter of these Terms.
11-27-17 Change Notes: Moved ICO end date to February 28, 2018 to give potential contributors more time.