Disclaimer

In consideration of Cloudax (the “Company”) providing this Whitepaper to the recipient, the recipient acknowledges that the contents of this Whitepaper are confidential to the Company and the recipient agrees not to disclose, distribute, or permit to be communicated verbally, directly or indirectly or otherwise, or to otherwise publish the contents of this Whitepaper except with the prior written consent of the Company. For the purposes of this acknowledgement “recipient” includes, without limitation, any principal, employee, or agent of the recipient.

This Whitepaper, and any offers made within it, is solely for Participants. This Whitepaper provides a summary of the main features of the Company. It contains general advice only and has been prepared without taking into account any participant’s objectives, financial situation or needs. Participants should read the Whitepaper carefully and assess whether the information is appropriate for them in respect of their objectives, financial situation and needs.

This Whitepaper does not purport to contain all the information that a prospective participant may require. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data contained in this Whitepaper.

The Company does not make any representation or warranty as to the accuracy or completeness of the information contained in this Whitepaper. Furthermore, the Company shall not have any liability to the recipient or any person resulting from the reliance upon this Whitepaper in determining to make an application to apply for shares in the Company.

The Company considers that the financial and non-financial information contained in this Whitepaper has been prepared to the best of its reasonable knowledge and ability. However, recipients must rely on their own investigation of all financial information and no representations or warranties are or will be made by the Company as to the accuracy or completeness of such information.

The Company makes no representation about the underlying value of the tokens on offer. Prospective participants must make their own assessment about whether the price of the tokens being offered represents fair value.

PARTICIPANT WARNING

The present document is dedicated for marketing purposes only and is not intended to be legally binding.

Nothing in this document shall be deemed to constitute a prospectus of any sort, an invitation, or a solicitation for investment, nor does it in any way pertain to an offering, invitation, or solicitation of an offer to purchase any security, ownership right, stake, share, future revenue, company participation, or other equivalent rights in any jurisdiction.

Information in this document does not constitute a recommendation by any person to purchase tokens, currencies, or any other cryptographic assets; neither has the Issuer authorised any person to provide any recommendations of such kind. Forward-looking statements: Observations contained in this document may constitute forward-looking statements or speak of future events or plans. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause occurring events to be different.

Errors, inaccuracies, or omissions may also occur in any such statements or information. Accordingly, no reliance should be placed on any such forward-looking statements or information, and all Issuer liabilities are disclaimed.

Participation in a token sale carries high risks. It is highly speculative and before participating in any project about which information is given, prospective participants are strongly advised to seek appropriate professional advice.

The information contained in this Whitepaper has been prepared by or on behalf of the Company. Cloudax has not undertaken an independent review of the information contained in this Whitepaper.

PROMINENT STATEMENTS

The information contained in this Whitepaper about the proposed business opportunity is not intended to be the only information on which a decision is to be made and is not a substitute for a disclosure document, or any other notice that may be required under law. Detailed information may be needed to make a token participation decision.

Prospective participants should be aware that no established market exists for trading any tokens that may be offered.

FUTURE STATEMENTS

Except for historical information, there may be matters in this Whitepaper that are forward-looking statements. Such statements are only predictions and are subject to inherent risks and uncertainty. Forward-looking statements, which are based on assumptions and estimates and describe the Company’s future plans, strategies, and expectations are generally identifiable by the use of the words ‘anticipate,’ ‘will,’ ‘believe,’ ‘estimate,’ ‘plan,’ ‘expect,’ ‘intend,’ ‘seek,’ or similar expressions. Participants are cautioned not to place undue reliance on forward-looking statements. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties both general and specific that contribute to the possibility those predictions, forecasts, projections and other forward-looking statements will not occur. Those risks and uncertainties include factors and risks specific to the industry in which the Company operates as well as general economic conditions. Actual performance or events may be materially different from those expressed or implied in those statements.

All forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements in this section. Except as expressly required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements provided in this Whitepaper, whether as a result of new information, future events or otherwise, or the risks affecting this information.

None of the Company, its officers or any person named in this Whitepaper with their consent, or any person involved in the preparation of this Whitepaper, makes any representation or warranty (express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement except to the extent required by law. The forward-looking statements reflect the views held only as at the date of this Whitepaper.

VALUE RISKS

Tokens issued by Cloudax may drop substantially in value or may remain illiquid for long periods of time or indefinitely. Cloudax cannot guarantee an active secondary market for the exchange of tokens purchased in the token sale. Not all disclosures or statements are being made in this disclaimer section. Participants should review the token sale agreement in its entirety and seek the professional advice of legal counsel and investment professionals.

Cloudax tokens may change in value based on a number of factors that are outside our control. There is no guarantee or expectation that Cloudax tokens will increase in value, provide a return, or have sufficient adoption and liquidity on exchanges. Owning these tokens does not constitute a share of equity or ownership in the company. The token economy is new and exciting. Regulatory circumstances may require that token mechanics be changed or altered.

Cloudax tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the Cloudax platform. The Company does not guarantee and is not representing in any way to the buyer that the Cloudax tokens have any rights, uses, purpose, attributes, functionalities or features. Cloudax tokens may have no value. The company reserves the right to refuse or cancel Cloudax token purchase requests at any time at its sole discretion.

The information in this White Paper is subject to change or update and should not be construed as a commitment, promise or guarantee by Cloudax or any other individual or organization mentioned in this white paper relating to the future availability of services related to the use of the tokens or their future performance or value.

Taxation

As the platform economy is based on an internal Token which has no other monetary value outside the platform, no taxes are applicable to holders of CLDX or ECO Token. However, if a holder of a CLDX or ECO Token chooses to sell his or her coins for fiat or digital currency, he/she may be subjected to taxation, depending on jurisdiction of residence. Cloudax bears no responsibility for any taxation issues arising from surrendering of CLDX or ECO Tokens on a secondary market.