Purchase Agreement
CillarCoin ($CILLAR) Token Purchase Agreement
Effective Date: Date of Purchase
This Token Purchase Agreement (“Agreement”) is entered into by and between:
Abba Platforms Inc., a Delaware corporation with headquarter offices in New York City, NY US (“Company”), and the purchaser identified during the purchase process (“Purchaser”).
By purchasing $CILLAR tokens, Purchaser agrees to the following terms:
1. Definitions
- “Tokens” means the CillarCoin ($CILLAR) digital tokens sold by the Company.
- “Network” means the BNB Smart Chain blockchain supporting the Tokens.
- “Wallet” means the digital address or application designated by the Purchaser to receive Tokens.
- “Smart Contract” means the blockchain-based contract governing the issuance and transfer of Tokens.
2. Purchase and Sale
- 2.1 The Company agrees to sell, and the Purchaser agrees to purchase, Tokens at the price specified during the purchase process.
- 2.2 All purchases are final and non-refundable, except as required by applicable law or at the Company’s discretion.
- 2.3 Tokens will be delivered to the Purchaser’s designated Wallet following confirmation of payment.
3. Token Mechanics
- Maximum supply of $CILLAR is fixed and cannot be exceeded.
- Tokens may be subject to vesting schedules or lock-up periods as disclosed by the Company:
Token Type | Allocation | Vesting / Lock-up |
---|---|---|
Founders / Team | 30% | 12–36 months |
Private Sale | 10% | 6–12 months |
Public Sale | 45% | No lock-up |
Ecosystem / Rewards | 15% | As per program schedule |
Tokens are intended for use only within the AfrailX and ArailX ecosystems and via the Abba App. Purchasers acknowledge that Tokens cannot be used outside of these ecosystems and are for the specified utility purposes only.
4. Representations and Warranties of Purchaser
- a) They are legally eligible to purchase Tokens under applicable laws.
- b) They understand the speculative and high-risk nature of cryptocurrency.
- c) They are acquiring Tokens for personal use or investment purposes only.
- d) They acknowledge that the Company has not guaranteed any future value, liquidity, or profits.
5. Acknowledgment of Risks
- Tokens are digital assets with risks, including volatility, regulatory changes, network failures, smart contract vulnerabilities, and potential loss of value.
- Tokens may have limited liquidity and are generally non-refundable.
- Purchaser assumes all risks associated with blockchain technology and token ownership.
- Purchaser acknowledges that Tokens may fluctuate in value and may become illiquid due to market conditions or platform restrictions.
6. Restrictions on Transfer
- Purchaser shall not sell, transfer, or distribute Tokens in violation of applicable securities or digital asset laws.
- Certain jurisdictions may be restricted from purchasing Tokens; Purchaser confirms compliance with these restrictions.
- The Company may refuse or cancel transactions that violate legal or regulatory requirements.
7. No Rights as Stockholder
Purchase of Tokens does not grant any equity, ownership, voting, dividend, or management rights in Abba Platforms Inc. or any affiliated entity.
8. Tax Responsibility
Purchaser is solely responsible for any taxes, reporting, or duties arising from the purchase, holding, or sale of Tokens in their jurisdiction.
9. Privacy and Data Use
Purchaser consents to the collection, storage, and processing of personal data as described in the Company’s Privacy Policy. Data will be used solely to facilitate token purchase, compliance, and communication.
10. Intellectual Property
All intellectual property related to $CILLAR, the AfrailX/ArailX ecosystems, and Abba App remains the property of the Company. Purchasers receive no rights to reproduce, distribute, or commercialize these materials.
11. Disclaimers
- The Company makes no representations or warranties regarding future price, liquidity, adoption, or profits.
- Tokens are provided “as-is,” and the Company is not liable for any losses, damages, or technical issues.
12. AML / CTF Compliance
Purchaser agrees to comply with all applicable Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. The Company may request additional verification before completing the purchase.
13. Smart Contract Audit
Purchaser acknowledges that the $CILLAR smart contract might be audited by independent auditors, and if audited, then audit reports are available in the Github Repository. This is part of the Company’s commitment to transparency and security.
14. Refund Policy
Purchases are generally non-refundable, except where required by applicable law or at the Company’s discretion. Purchasers understand that all sales are final unless extraordinary circumstances arise as determined by the Company.
15. Dispute Resolution
- Any dispute arising under this Agreement shall first be addressed by good faith negotiation.
- If unresolved, disputes shall be resolved through binding arbitration in the State of Delaware, USA, or as permitted by law.
16. Force Majeure
The Company shall not be liable for delays or failures caused by events beyond its reasonable control, including technical failures, network outages, regulatory changes, or natural disasters.
17. Acknowledgment of International Use
Purchaser is responsible for compliance with all local laws and regulations governing the purchase, holding, or transfer of Tokens. The Company may restrict purchases in certain jurisdictions.
18. Technology Limitations
Purchaser acknowledges that blockchain technology is experimental. Network failures, smart contract bugs, or temporary technical issues may prevent access to or use of Tokens.
19. Severability & Amendments
- If any provision is invalid or unenforceable, the remainder shall remain effective.
- The Company may amend terms; continued purchase or use of Tokens after publication constitutes acceptance.
20. Governing Law
This Agreement shall be governed by and construed under the laws of the State of Delaware, USA, without regard to conflict of law principles.
21. Entire Agreement
This Agreement constitutes the entire agreement regarding the purchase of Tokens and supersedes any prior communications or agreements.
By completing a purchase of $CILLAR tokens, Purchaser acknowledges and agrees to this Token Purchase Agreement.