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4 Tender of Tokens by Medxchange

Medxchange shall have the right but not the commitment to redeem all or some of the Tokens by way of a publicly announced tender. The holders of Tokens shall have the right but not the commitment to obey such a tender offer.

5 The time of Crowdfunding

5.1 The Crowdfunding will begin at the Commencement Time, and continue until the end at the Closing Time.

5.2 MXL retains the right to change the Commencement Time or the Closing Time in its sole and absolute discretion. Any such corrections will be published on the Website.

6 Token Exchange and Bonus Tokens

6.1 Subject to clause 6.2, in the process of Crowdfunding, the number of MEDCASH Tokens to be provided for the equivalent amount of USD in ETH to be transferred will be as follows:

  • Week 1 of the Crowdfunding: 1 MEDCASH = $0.1000 usd
  • Week 2 of the Crowdfunding: 1 MEDCASH = $0.1025 usd
  • Week 3 of the Crowdfunding: 1 MEDCASH = $0.1050 usd
  • Week 4 of the Crowdfunding: 1 MEDCASH = $0.1075 usd
  • Week 5 of the Crowdfunding: 1 MEDCASH = $0.1100 usd
  • Week 6 of the Crowdfunding: 1 MEDCASH = $0.1125 usd
  • Week 7 of the Crowdfunding: 1 MEDCASH = $0.1150 usd
  • Week 8 of the Crowdfunding: 1 MEDCASH = $0.1175 usd
  • Week 9 of the Crowdfunding: 1 MEDCASH = $0.1200 usd

6.2 Minimum exchange: $100 USD

6.3 The “go live” date will be announced at http://zvp.d77.myftpupload.com/ieo/ at least 7 calendar days prior to the start of Week 1 of the Crowdfunding.

6.4 Market Capitalization. Assuming all 200 million of the Crowdfunding Tokens are sold in the Crowdfunding, at an aggregate exchange of $0.1050, then the derived market capitalization of the Medcash Token will be $105 million USD.

7 Commitment to obey the laws of Participant’s jurisdiction

Each potential Participant is responsible for determining if the Participant can jurisdictionally take part in the Crowdfunding, make funds transfer to MXL or Medxchange, or to receive and hold Tokens in the Participant’s jurisdiction. Neither MXL nor any MXL Party will be held responsible or liable for Participant’s failure to make this determination.

8 Acceptance of terms and conditions of Crowdfunding

8.1 By participating in the Crowdfunding, the Participant confirms that he has carefully looked through these terms and conditions, the Website, the Whitepaper, and clearly understands the benefits, risks, and costs related to Tokens and he agrees to be bound by these terms and conditions.

8.2 By using the Website and taking part in the Crowdfunding the Participant confirms and warrants that he:
(a) is jurisdictionally allowed to take part in the Crowdfunding, receive and hold Tokens in his jurisdiction or make funds transfer to MXL or Medxchange;
(b) is of a sufficient age to participate in the Crowdfunding, to receive and hold Tokens, and make funds transfer to MXL or Medxchange;
(c) is not taking part in the Crowdfunding, receiving and holding Tokens, making funds transfer to Medxchange, or exchanging any cryptocurrency for Tokens for the purposes of speculative investment;
(d) is not taking part in the Crowdfunding, receiving and holding Tokens, or making funds transfer to Medxchange for any unlawful puposes;
(e) has an understanding of the complexities and usage of cryptographic Tokens, cryptocurrencies and software systems which are based on blockchain.

8.3 In the future, by using the Website and participating in the Crowdfunding the Participant confirms and agrees that:

(a) he is the only person who is responsible for any limitations and risks which are connected with making funds transfer to Medxchange, receiving and holding Tokens or taking part in the Crowdfunding, whether referred to in these terms and conditions, or otherwise appearing under any relevant law;
(b) he renounces the right of participation in any class wide legal proceeding or arbitration proceeding or any class action claim against any MXL Party;
(c) he is taking part in the Crowdfunding, receiving and holding Tokens for the promotion of the development, deployment, operation, and testing of Medxchange and the related activities described in the Whitepaper, in exchange for making funds transfer to Medxchange;

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