10. Taxation of Tokens

10.1. Tax Reporting

Any amounts that you pay for Tokens are exclusive of all applicable taxes. The tax characterisation of Tokens is uncertain. The Participant must seek his own tax advice in connection with purchasing the Tokens, which may result in adverse tax consequences to him, including withholding taxes, income taxes, capital gains taxes and tax reporting requirements.

10.2. Participant Tax Liability

Furthermore, the Participant bears the sole responsibility to determine and comply with any factual or potential tax liability, if any, resulting from the acquisition of, the holding, use or disposal of Tokens. The Company is not in any way and under no condition bound to compensate for the Participants’ tax obligation or give any advice related to tax issues, including but not limited to what kind of filing or reporting he needs to do with the competent tax authority, which taxes and to which extent he is obliged to pay, which tax exemptions he is eligible to, or any other similar verifications and/or obligations.