RISK

RISK

The QORGIS ecosystem is currently in the initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring QORGIS, holding QORGIS, and using QORGIS for participation in the QORGIS ecosystem. In the worst scenario, this could lead to the loss of all or part of QORGIS held.

IF YOU DECIDE TO ACQUIRE QORGIS OR PARTICIPATE IN THE QORGIS ECOSYSTEM IN THE FUTURE, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:

UNCERTAIN REGULATIONS AND ENFORCEMENT ACTIONS

The regulatory status of the QORGIS ecosystem, QORGIS and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including QORGIS and/or the QORGIS ecosystem. Regulatory actions could negatively impact QORGIS and/or the QORGIS ecosystem in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors to mitigate the legal risks as much as possible, the Company and Distributor have worked with the specialist blockchain department at allied legal firms and obtained a legal opinion on the token distribution, and will be conducting business in accordance with the prevailing market practice.

INADEQUATE DISCLOSURE OF INFORMATION

As at the date hereof, the QORGIS ecosystem is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this material contains the most current information relating to the QORGIS ecosystem, it is not absolutely complete and may still be adjusted and updated by the QORGIS contributors from time to time. The QORGIS contributors have neither the ability nor obligation to keep holders of QORGIS informed of every detail (including development progress and expected milestones) regarding the project to develop the QORGIS ecosystem, hence insufficient information disclosure is inevitable and reasonable.

LOSS OF TALENT

The development of the QORGIS ecosystem greatly depends on the continued co-operation of the existing early contributors and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect the QORGIS ecosystem or its future development. Further, stability and cohesion within the early contributors is critical to the overall development of the QORGIS ecosystem. There is the possibility that conflict within the early contributors and/ or departure of core personnel may occur, resulting in negative influence on the project in the future.

FAILURE TO DEVELOP

There is the risk that the development of the QORGIS ecosystem will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or QORGIS, unforeseen technical difficulties, and shortage of development funds for activities.

SECURITY WEAKNESSES

Hackers or other malicious groups or organisations may attempt to interfere with QORGIS and/or the QORGIS ecosystem in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of QORGIS and/or the QORGIS ecosystem, which could negatively affect QORGIS and/or the QORGIS ecosystem. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to QORGIS and/or the QORGIS ecosystem by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.

RISK OF DISSOLUTION

Start-up companies such as the Company, the Distributor or their affiliates involve a high degree of risk. Financial and operating risks confronting start-up companies are significant, and the aforementioned entities are not immune to these. Start-up companies often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved. It is possible that, due to any number of reasons, including, but not limited to, an unfavourable fluctuation in the value of cryptographic and fiat currencies, decrease in the utility of QORGIS due to negative adoption of the QORGIS ecosystem, the failure of commercial relationships, or intellectual property ownership related challenges, the QORGIS ecosystem may no longer be viable to operate and the Company, the Distributor or their affiliates may be dissolved.

OTHER RISKS

In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks associated with your participation in the QORGIS ecosystem, as well as acquisition of, holding and use of QORGIS, including those that the Company or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the QORGIS contributors, as well as understand the overall framework, mission and vision for the QORGIS ecosystem prior to participating in the same and/or acquiring QORGIS.