Securities and Investments
New Members understand and agree that:
iO Beats does not engage in the sales or offering of securities.
This is not an offer for sale of a security, investment contract, investment opportunity, offering, etc.
iO Beats will not be registered as an investment company under the Investment Company Act of 1940, as amended.
In making your decision to purchase iO Beats you must rely upon your own examination of the terms of the agreement, including the merits and risks involved. No documentation of iO Beats has been filed with or approved or disapproved by the Securities and Exchange Commission (SEC) or any other state or federal governmental agency or any national securities exchange. Neither the SEC nor any such agency has passed upon the accuracy or adequacy of Air Bit Club or the merits of the purchase of iO Beats. Any representation to the contrary is a criminal offense.
The terms and conditions of iO Beats do not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or permitted by law.
Should any portion of the terms of GLOBAL iO Beats be considered by any Court to be a security, the terms offered have not been registered under the securities act of 1933, as amended, or the securities law of certain states and are being offered and sold in reliance on exemptions from the registration requirements of said act and such laws. The approved or disapproved by the securities and exchange commission, any state securities commission, or any other regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of this offering or the accuracy or adequacy of this memorandum. Any representation to the contrary is unlawful.
Members of iO Beats should be aware that they may be required to the financial risks of this purchase for substantial period.
Membership in iO Beats involves risks. iO Beats will not be registered as an investment company and therefore will not be required to adhere to any investment policies under the Investment Company Act of 1940, as amended.
Membership in iO Beats entails substantial risks and there can be no assurances that the objectives will be achieved. The practices of the financial institute employed from time to time, in certain instances, increase the adverse impact to which the members’ accounts are subjected.
Potential members are cautioned to refer to these terms and conditions for a discussion of the terms of membership and risk and other factors relative to Investor Membership. In the event of any inconsistencies between any of the material previously provided and the terms and conditions; the terms and conditions should be used as the controlling guide.
Members should consider the following factors in determining whether to purchase the iO Beats:
Lack of Operating History. iO Beats is a newly formed entity and has no operating history upon which members can evaluate the likely performance.
Value of funds dispersed are dependent upon cryptocurrency value.
Individual members of iO Beats are not owners of iO Beats.
Absence of Regulatory Oversight - iO Beats is not registered as an investment company under the 1940 Act, in reliance upon an exemption available to privately offered investment companies under Section 3(c)(1) of the 1940 Act, and, accordingly, the provisions of the 1940 Act (which, among other things, require investment companies to have a majority of disinterested directors, require securities held in custody to be individually segregated at all times from the securities of any other person and to be marked to clearly identify such securities as the property of such investment company, and regulate the relationship between the advisor and the investment company) are not applicable.
There is no guarantee or representation made that iO Beats plan or program will be successful.
iO Beats members may purchase and sell iO Beats and memberships to each other without transferring such money directly to iO Beats so long as the purchased memberships are created on the purchaser’s behalf and the member receives their tokens. Members may use such funds as they see fit and purchasers have no recourse that they believe the money would flow directly to iO Beats. Purchasers of such waive any rights to claim they thought their purchase money would go directly to iO Beats.
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