Coin sale terms

 

Forward looking statements

 

Certain of the matters discussed in this report about the Company and the Company’s subsidiaries’ future performance including, without limitation, strategies, prospects, consequences and all other statements that are not purely historical constitute “forward-looking statements”

Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated

Such statements are based on management’s beliefs as well as assumptions made by and information currently available to management

When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plan,” “should,” “hypothetical,” “potential,” “forecast,” “project,” variations of such words and similar expressions are intended to identify forward-looking statements

Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. In a few cases, for the avoidance of doubt, sections of this document will be explicitly preceded by “forward looking statement”

Need to consult advisers

 

In making a decision on purchasing, potential purchasers must rely on their own examination of the Company, its management and terms of the purchase

The prospective Purchaser should not construe the contents of this Memorandum as legal, tax, or other advice

Each potential Purchaser should make its own inquiries and consult its advisers as to the Company and this offering and as to legal, tax and related matters concerning this investment

Business operation risk

 

The potential Purchaser understands and accepts that while the individuals and entities, including the Company, assigned to this task will make reasonable efforts to develop, complete and operate Lolly, it is possible that such development or subsequent operation may fail and the Purchaser’s Lolly Coins may become useless and/or valueless due to technical, commercial, regulatory or any other reasons

The Purchaser is also aware of the risk that even if all or parts of Lolly are successfully developed and released in full or in parts, due to a lack of public interest, Lolly could be fully or partially abandoned, remain commercially unsuccessful or shut down for lack of interest, regulatory or other reasons

The Purchaser therefore understands and accepts that Lolly carries significant financial, regulatory and/or reputational risks

Nature of this pre-purchase sale

 

This document does not constitute a prospectus of any sort, is not a solicitation for investment and does not pertain in any way to an initial public offering or a share/equity offering and does not pertain in any way to an offering of securities in any jurisdiction

It is a description of the functionality of Lolly

We provide a listing of risk factors because of the essential and unavoidable fact that the Lolly Coins are new and of varying price. Although we believe that purchasers of cryptocurrency are aware of these facts, nevertheless we should call attention to them

Risk factors

 

We provide a summary of risk factors. Due to the limited history of pre-sale of service tokens through cryptocurrency, we cannot anticipate all risks to our operations.

Inherent risk of cryptocurrency

 

The spot market price of cryptocurrency and tokens changes, often drastically. Therefore, the value of Lolly Coins are subject to market volatility

Government regulation of the Internet is evolving, and unfavourable developments could have an adverse effect on our operating results

We are subject to regulations and laws specific to the marketing, sale and delivery of goods and services over the Internet

These laws and regulations, which continue to evolve, cover taxation, user privacy, data collection and protection, copyrights, electronic contracts, sales procedures, automatic subscription renewals, credit card processing procedures, consumer protections, digital games distribution, broadband Internet access and content restrictions

We cannot guarantee that we have been or will be fully compliant in every jurisdiction, as it is not entirely clear how existing laws and regulations governing issues such as privacy, taxation and consumer protection apply or will be enforced with respect to the products and services we sell through the Internet

Moreover, as Internet commerce continues to evolve, increasing regulation and/or enforcement efforts by federal, state and foreign agencies and the prospects for private litigation claims related to our data collection, privacy policies or other e-commerce practices become more likely

In addition, the adoption of any laws or regulations or the imposition of other legal requirements that adversely affect our ability to market, sell, and deliver our products and services could decrease our ability to offer or customer demand for our service offerings, resulting in lower revenue

Future regulations, or changes in laws and regulations or their existing interpretations or applications, could also require us to change our business practices, raise compliance costs or other costs of doing business and result in additional historical or future liabilities for us, resulting in adverse impacts on our business

When we act as a consumer-facing business, we may receive complaints from our customers regarding our consumer marketing efforts and our customer service practices

Some of these customers may also complain to government agencies, and from time to time, those agencies may make inquiries to us about these practices. In addition, we may receive complaints or inquiries directly from governmental agencies that have not been prompted by consumers We rely on other technologies and vendors

Our system for Lolly Coins and our blockchain rely on third party technology

Our system will be adversely affected in the event that other technologies fail

We rely on third party facilities, particularly Google Cloud. A failure by Google’s infrastructure will cause disruption of unknown length and unknown severity