Risks

You should acknowledge and agree that Purchases of digital assets involve significant risks due to, among other things, the rapidly evolving, economical, commercial, technological, legal, and regulatory environment of such assets, which could negatively impact $TRIBAL.

You must rely on their own careful review of this Whitepaper, the Website and any marketing documents presented to you and your own careful examination agreements, weighing all risks involved with a purchase of $TRIBAL. You should not construe the contents of this Whitepaper, the Website and any marketing documents as providing legal, tax or accounting advice you are urged to consult with your own advisors with respect to the legal, tax, regulatory, financial and accounting consequences of receiving $TRIBAL.

You should read, comprehend, and consider carefully the risks described below before deciding whether to purchase or otherwise receive $TRIBAL. Such decision must be made with a full awareness of the risks involved, which may include the risk of a total loss of possible contributions, a total loss of $TRIBAL or a total loss of the utility or value of $TRIBAL.

Should you decide to purchase $TRIBAL, you expressly acknowledge, accept, and assume the following risks:

TOKENS ARE NOVEL

You acknowledge and understand the $TRIBAL Tokens have no performance history and are novel. The $TRIBAL Tokens are not insured, guaranteed, backed by an indenture or sinking fund, or otherwise supported in their price by any underlying item of value. Any value they may hold at any time may decrease or be eliminated in the future. $TRIBAL represent instruments of the Company and are not the obligations of or guaranteed or indemnified by any other entity. Transfers of $TRIBAL into Restricted Jurisdictions are prohibited. These prohibitions may limit the demand for $TRIBAL and the price at which they trade. $TRIBAL is not a legal tender, are not backed by any government, and accounts and value balances are not subject to related protections. You are aware and acknowledge that digital assets are volatile, and that $TRIBAL may suffer from such volatility. Further, the $TRIBAL Token may be significantly influenced by microeconomic and macroeconomic market factors. Volatility may decrease the use of $TRIBAL or result in a perception that they are unreliable.

REGULATORY MEASURES

General regulation of digital assets and blockchain technologies (which include the $TRIBAL Token and of transactions such as the distribution of $TRIBAL hereunder) lack uniformity and are not yet settled in many jurisdictions. These regulations are evolving rapidly, are subject to significant variation among international jurisdictions and are generally subject to significant uncertainty.

Further, changes to laws or regulations, including the enactment of new requirements in relation to regulatory authorisation, anti-money laundering, financial promotions, the use of third-party affiliates, taxation, the internet or e-commerce (or change in the application or interpretation of existing regulations or laws by regulators or other authorities) in any jurisdiction in which the Company or its affiliate currently carries on, or wishes to carry on, business might oblige the Company or affiliate to cease conducting business, or modify the manner in which they conduct, or plan to conduct, business, in that jurisdiction to mitigate any potential legal risks.

The Company may receive queries, notices, warnings, requests or rulings from one or more regulatory authorities from time to time or may even be ordered to suspend or discontinue any action in connection with the distribution of $TRIBAL. Any non-compliance where applicable laws or regulations apply in any jurisdiction could have a significant impact on the way in which the Company conducts its business and could subject the Company to criminal penalties, civil lawsuits, warning notices, fines and/or other sanctions from regulators or authorities. The failure to obtain prior regulatory authorization in a jurisdiction or the refusal of a regulator to grant that authorisation in a jurisdiction where they may wish to operate could prevent the Company from maintaining or expanding its business.

Any of the factors described above could have a material adverse effect on the reputation, business, financial condition, and operating results of the Company. In such a case, the value of $TRIBAL may be negatively affected or may even decrease to zero.

SIGNIFICANT LITIGATION AND LIABILITY RISKS

Many aspects of the Company’s business involve risks of liability. These risks include, among others, potential liability from disputes over terms of a trade and the claim that a system failure or delay caused monetary loss to a participant.

CRYPTOGRAPHY

Cryptography is constantly evolving and current systems cannot guarantee absolute security going forward. Advances in cryptographic methods or algorithms, or with technology such as with quantum computing, could present risks to all cryptography-based systems, including the $TRIBAL Token and the protocols upon which $TRIBAL is based. These advances could result in the theft, loss, disappearance, destruction or devaluation of $TRIBAL.

RAPID CHANGES IN TECHNOLOGY AND CLIENT PREFERENCES

The blockchain industry is characterized by rapid technological change, changing uses, changes in customer demands, frequent product and service introductions and the emergence of new industry standards and practices. The Company may not successfully implement new technologies or adapt technology to market demands or emerging industry standards in a timely and cost-effective manner.

SOURCE CODE COULD CONTAIN SIGNIFICANT FLAWS

No one can guarantee $TRIBAL to be flaw-free. Flaws, errors, defects and bugs in such may disable functionality for users, expose users’ information or otherwise negatively impact

users. This could compromise the value of all the $TRIBAL Tokens you may receive or otherwise purchase.

BLOCKCHAIN MAY FORK

The blockchain upon which the $TRIBAL Tokens may be built upon is an open source protocol. Once released to the open-source community, anyone may clone the source code and develop a diverging blockchain protocol without prior permission by anyone else. The acceptance and support for such a divergent blockchain by some faction of the blockchain community could result in a ‘fork’ in the blockchain. The existence of one or more forks in the blockchain may undermine the usability and sustainability of $TRIBAL.

PROHIBITIVELY HIGH PRICES FOR TRANSACTIONS

Transactions over a blockchain, including the transfer of any $TRIBAL Tokens you may hold, may incur a transaction fee. Whilst at the date of this Whitepaper, prices for basic transactions are nominal, there is no certainty that transaction fees will not increase, making processing transactions over the network prohibitively expensive and commercially unfeasible.

TOKENS MAY BE LOST OR STOLEN

You are aware that $TRIBAL Tokens stored in a digital wallet are accessible by a private key, which is simply a unique string of text. The loss or destruction of a digital wallet's private key may render the $TRIBAL Tokens on such wallet inaccessible. Further, if a private key is learned or copied by another person, such person could misappropriate stored in the digital wallet. You are required to safeguard the private keys of your digital wallets. The Company will not be liable for any losses due to any situation in which a private key is lost, divulged, destroyed or otherwise compromised.

TOKENS MAY BE CONSIDERED SECURITIES IN SOME JURISDICTIONS

The $TRIBAL Token may be deemed to be securities subject to regulatory restrictions in certain jurisdictions. For example, applicable securities laws may limit the ability to hold more than a certain number of $TRIBAL, restrict the ability to transfer $TRIBAL, require disclosure or other conditions on you in connection with any sale of $TRIBAL, and may restrict the businesses that facilitate exchanges of $TRIBAL. You are required to make diligent inquiry to determine if the acquisition, possession and transfer of $TRIBAL is legal your jurisdiction and to comply with all applicable laws.

TALENT RISK

Whilst contractual arrangements have been entered into with members of senior management and other key personnel with the aim of securing the services of each of them, retention of these services cannot be guaranteed and there is a risk that other companies, including competitors, may seek to hire those staff. The loss of the services of any of the senior management team or key personnel may have a material adverse effect on the $TRIBAL Token and its commercial and financial performance.

A TRADING MARKET FOR $TRIBAL MAY NEVER DEVELOP

There may not be a trading market available for $TRIBAL following its issuance. Further, there can be no assurance that $TRIBAL would be listed or traded on any exchanges. In the event that $TRIBAL remain illiquid for a significant period of time or indefinitely, its value may be materially adversely affected.

Furthermore, the risks mentioned above are not exhaustive. There are additional risks associated with any future participation, holding, and using $TRIBAL, as detailed in the terms and conditions detailed in any future token purchase agreement. These risks, unforeseen by the Company or any appointed distributor, may materialise in unexpected as unforeseen fluctuations or combinations of the foregoing risks. It is advisable to conduct your own comprehensive due diligence on the Company, any appointed distributor, their affiliates, and the Tribally Studios team. Your understanding and acceptance of the motivation, vision and overall background of Tribally Games is essential before investing in $TRIBAL.