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GCR Systems

Global Chemical research

Automated chemical synthesis Made in Germany
"Easy as brewing coffee"

• Terms & Conditions •

The following terms and conditions apply to all orders placed with GCR Systems, unless other conditions have been agreed. They are deemed to have been agreed if they are not immediately rejected in writing.

1. Scope and Subject of the Contract 

            1.1 The terms and conditions apply to the provision of services in accordance             with the contract concluded between GCR Systems and the client.

            1.2 These terms only govern your purchase of GCR Tokens during our Stage I            and Stage II of Token Sale unless otherwise explicitly stated, herein.

            1.3 Any utilization of GCR Tokens with or without a reference to products             and services on our network may be governed by prospective applicable             privacy policies and terms and conditions.

            1.4 Deviation of terms and conditions within a client contract requires a             written agreement.

            1.5 GCR Systems will have no responsibility for the use of GCR Tokens after             GCR Tokens are sold.

2. Eligibility

            2.1 The Token sale is not intended for citizens, residents and/or entities             incorporated, established or registered in or under the laws of the             following stated countries:
            Republic of China, Hong Kong, South Korea, Cuba, Crimea, Canada, Iran, North             Korea, Syria, United States of America, Puerto Rico, U.S. Virgin Islands and             Singapore.

            For more information please visit

            2.2 Those having an Ethereum wallet supporting the ERC20 token standard             with the possibility to receive GCR Tokens from us are entitled to participate             in the Token Sale.

            2.3 In order to be eligible to participate in the Token Sale, you must be at least             18 years of age and comply with all the terms and conditions as stated in this             document.

3. Token Sale Process and Regulations

            3.1 Price per Token & Payment currency
                3.1.1 The price per GCR Token is 0.000133 ETH. The Price Per Token is set in ETH as                 payment Currency.
                3.1.2 We reserve the right at its discretion to change, modify, add or remove
                payment currencies from the Terms and Conditions of this Agreement at                 any time and publish the change on our Site.


            3.2 Bonuses
            During Token Sale, GCR Tokens will be available for sale with bonus as             specified below.  
                 3.2.1 Token Sale bonuses during Stage I “Pre-Sale”
                For investments from 0.01 ETH to 1.00 ETH participants will receive a 20%                 bonus in GCR Tokens.
                For investments over 1.00 ETH participants will receive a 25% bonus in GCR                 Tokens.
                3.2.2 Token Sale bonuses during Stage II “Main-Sale”
                For investments from 0.1 ETH to 12.00 ETH participants will receive a 5% bonus                 in GCR Tokens.
                For investments from 12.01 ETH to 25.00 ETH participants will receive a 5.5%                 bonus in GCR Tokens. 
                For investments from 25.01 ETH to 75.00 ETH participants will receive a 6.5%                 bonus in GCR Tokens.
                For investments from 75.01 ETH to 150 ETH participants will receive a 7.5 %                 bonus in GCR Tokens. 
                For investments from 150.01 ETH to 400 ETH participants will receive a 10%                 bonus in GCR Tokens. 
                Maximum contribution is limited to a value of 400 ETH or 2% of total cap.  
                3.2.3 Individual bonuses
                We negotiate bonuses for large contributors during Token Sale of Stage I                 and Stage II.

            3.3 Purchase and Delivery
                3.3.1 Purchase
                After your purchase, we will send you detailed payment instructions                 containing the GCR Token Sale Ethereum address. Payments for your                 purchases GCR Tokens have to be executed to the GCR Token Sale Ethereum                 address at the latest within two days. 
                3.3.2 Delivery
                GCR Token will be issued to your ERC20 compatible wallet within 21 days at                 the latest after receiving your payment made to the provided GCR Token                 Sale Ethereum address. We cover the transfer fees for your purchased GCR                 Tokens.

            3.4 Total Number of GCR Tokens
            The total supply of GCR Tokens is 100 million. 80 million is allocated to the             token sale. We do not presently plan to issue any additional GCR following             the Delivery Date, but reserve the right to do so.
                    
            3.5 Allocation of Resources
            • 40% of the raised funds will be used for Research & Development.
            • 25% of the raised funds will be used for marketing purposes and workshop             offerings
            • 12% of the raised funds will be contributed as salaries to our Team members
            • 12% of the raised funds will be contributed as salaries to our Team members
            • 10% of the raised funds will be used to buy equipment
            • 8% of the raised funds will be used for security services to ensure stability             within our Network       
            • 5% of the raised funds will be reserves for legal issues

            3.6 Commencement and duration of Token Sale
                3.6.1 Phase I
                Phase I of GCR Token Sale is expected to start on May 15, 2018 at 11:00 am GMT                 and ends at the latest on July 1, 2018 at 11:00 am GMT. Phase I will be completed                 after reaching the Token Sale Soft Cap of 2000 ETH.
                3.6.2 Phase II
                Phase II of GCR Token Sale is expected to start on November 15, 2018 at 11:00 am                 GMT and ends on December 31, 2018 at 11:00 am GMT.

4. Purpose and Use of GCR Tokens

            4.1 Purpose
            By purchasing GCR Tokens you serve the purpose of supporting the                         development of affordable Powerful Lab Automation Systems and the             creation of a global network for researchers being able to exchange needs             and knowledge powered by GCR Token.

            4.2 Use of Tokens
            GCR Systems is planning to create a network with GCR Token as its official             currency with possibilities shortly described in the following. With GCR             Tokens you can either purchase, sell or offer free of charge your products,             intellectual property and services on our exchange platform or offer e.g.             your knowledge, calibration data, publish your research and much more on             our chemistry database. you will also have the privilege to upgrade your             status by registration as a licensed retailer to benefit from discounts.             Additional information regarding the product specifications and the GCR             Network as it is planned is summarized and further described in the             Whitepaper available on our Site.
            GCR Tokens are not intended to be a security, financial instrument or any             other investment vehicle. The possession or ownership of GCR Tokens             carries no rights other than the right to use Tokens as a means of exchange.             GCR Tokens does not confer any ownership rights, shares, security, or             equivalent rights.

5. Possible Migration and  Reengineering of Tokens

We reserve the right to migrate the ERC20 based GCR Tokens to another protocol to e.g. generate replacement Tokens, and/or modify properties such as number of decimals on the new protocol in our sole discretion.
In case of migration, we may request Token holders to convert their Tokens into the replacement Token. The purpose must be necessary or useful for optimal network and/or platform performance. Independent of the unlikeliness of a migration process, we will take action in all conscience to enable a shift as pleasant as possible.
 
6. Cancellation and Refusal of Purchase Requests

When purchasing GCR Token from us, the customer accepts that his right of withdrawal expires as soon as GCR Systems has started to process the purchase request. We reserve the right to refuse or cancel Token purchase requests at any time in our sole discretion.

7.  Risks Relating to buying, selling and use of GCR Tokens

Importnat Note: Ethereum as a decentralized platform that runs smart contracts, is still in an early development stage and unproven. There is no warranty assuring an uninterrrupted, flawless process within the process of tranfering or creating GCR Token. There are not inconsiderable risks due to the complexity of this new technology. This includes the possibility of software vulnerabilities, bugs, backdoors and any other conceivable scenarios such as a total loss of your coins or tokens and those that GCR Systems may not be able to anticipate.

            7.1 Risks of losing Access to your Tokens
                7.1.1 Loss of Private Key(s)
                Loss of your private Key(s) related to your Purchaser wallet or other                 digital wallet storing your Coins and/or Tokens such as GCR will result in                 a loss. In the event of any third party having access to confidential data as                 your private key, unlawful acquisition of your cryptocurrencies can not be                 excluded.
                7.1.2 Purchase Errors
                 In case of your purchase wallet not being able to receive ERC20 Tokens you                 might not be able to gain access to your GCR Tokens. Your purchase wallet                 must be ERC20 compatible. 
                7.1.3 Transaction erros
                Only the correct recipient wallet address ensures a successful                                 transaction. Always double check the entered wallet address. In case of a                 failed transaction your Tokens might be lost.

            7.2 Risks relatod to Ethereum Blockchain
            GCR Tokens and the platform are based on the Ethereum blockchain. Any             malfunction of the Ethereum blockchain may have disadvantageous effects             on platform functionality related to ERC20 Tokens like GCR.

            7.3 Risk of Mining attacks
            As GCR Tokens are based on the Ethereum blockchain, GCR Tokens are             susceptible to attacks by miners in the course of validating transactions on             the Ethereum blockchain, double-spend attacks, majority mining power             attacks, selfish-mining attacks and other not anticipated attacks.

            7.4 Risk of cyber attacks
            Hackers may disturb the proper operation of our network. An attempt of             initiating malfunction can be made using various methods as malware             attacks, denial of service attacks, consensus-based attacks, Sybil attacks,             smurfing and spoofing.

            7.5 Risk of uninsured losses
            In the event of loss or loss of utility value to recourse can be offered to you.

            7.6 Risks through Taxation 
            Before purchasing GCR Token, make sure to seek comprehensive advice in your             local tax office to avoid adverse consequences.

            7.7 Risk of insufficient demand in product and services 
            In case of insufficient interest in the GCR network, a negative impact on the             develeopment of the Network and the development of products could be a             consequence. This would lead to potential loss in the use GCR as a utility             token.

            7.8 Risks Associated with Development of Lab automation systems and             corresponding platform
            Unpredictable events can lead to a delayed development, increased             development costs or even cancellation of the project depending on the             extend of incident.

            7.9 Risk of adverse fluctuating Ether and other currency value
            Due to the fact that we offer GCR Tokens in exchange for Ether, a massive             devaluation of Ether and crypto currecies during or after Token Sale may             affect the progress of product and service development to an extend of a             complete stop.

            7.10 Risk of Dissolution
            Due to many reasons, there is the possibility of unfavourable events as cost
            intensive law suits, restrictive, distorting or disruptive effects on             international trade. In addition to previously listed risks, further not             aticipated possibilities may lead to a closure of business.

            7.11 Unanticipated Risks
            Tokens such as GCR are still in their very early, in most cases experimental,             stages. Therefore, we can not technically or legally perform a full risk             assessment.

8. Security of Storage Systems

You and only you are responsible for your security. Its the buyers duty to protect his personal information, account passwords as private key(s), wallet(s). We are not responsible for any losses, costs, or expenses relating to lost access credentials. We cannot recover your funds or freeze your account if you visit a phishing site or lose your private key.

9. Personal Information

If necessary, we reserve the right to gather certain information about you to assure legal compliance within our Token Sale. With regard to Token Sale in a legitimate manner, we reserve the right to refuse the Sale of Tokens Until completion of requested data of and their evaluation.

10. Taxes

It is your duty to comply with your tax obligations in every type of tax applicable. It is also your obligation to determine possible tax liabilities apply to your purchase of GCR Tokens by contacting your local tax office in case of uncertainties. We are not responsible for any tax related concerns arising from your purchase of GCR Tokens.

11. Representations and Warranties

By sending ETH to purchase GCR Tokens from us, you represent and warrant that:

            11.1 You have read and understood these Terms and agree with them.
                        
            11.2 You acknowledge and agree on existing unanticipated Risks related to             the purchase, owning and use of GCR Tokens including the risks as described             in section 7.
                
            11.3 You have sufficient knowledge and are familiar with the (automation)             technology, blockchain technology, cryptocurrencies as Tokens, Token             storage mechanisms and the financial and business aspects.
                    
            11.4 You understand these Terms well enough to evaluate the risks             associated with the purchase of GCR Tokens.
                
            11.5 You acknowledge the restrictions and understand the risks associated             with the creation of GCR Tokens.
            
            11.6 You have sufficient knowledge about GCR Tokens for taking a deliberate             decision when purchasing GCR Tokens.
            
            11.7 you understand that GCR Tokens are not intended to be a security,             financial instrument or any other investment vehicle. The possession or             ownership of GCR Tokens carries no rights other than the right to use GCR                   Tokens as a means of exchange. GCR Tokens does not confer any ownership             rights, shares, security, or equivalent rights.
            
            11.8 you purchase GCR Tokens solely for the purpose of supporting the             development of affordable Powerful Lab Automation Systems and the             creation of a global network for researchers being able to exchange needs             and knowledge powered by GCR Token.
            
            11.9 Your purchase of GCR Tokens complies with applicable laws and             regulations in your jurisdiction.
            
            11.10 You will comply with your tax obligations in every type of tax applicable             within your jurisdiction issued from your GCR Token purchase.
            
            11.11 you are not a citizen, resident and/or entity incorporated, established             or registered in or under the laws of the following stated countries:             Republic of China, Hong Kong, South Korea, Cuba, Crimea, Canada, Iran, North             Korea, Syria, United States of America, Puerto Rico, U.S. Virgin Islands and             Singapore.
            
            11.12 you are not on the SDN-List according to the Office of Foreign Assets                       control.
            
            11.13 you agree not to sell GCR Tokens to citizen, resident and/or entity             incorporated, established or registered in or under the laws of the stated             countries in 11.11 or listed on the SDN according to topic 11.12.

12. Modification of Terms 

We have the right to modify our Terms and Conditions under certain obligations as the necessity to comply with applicable laws and regulations. We will inform you by your provided email address about the change and publish the updated version online. These terms and conditions will become effective immediately. Your continous participation shall constitute your acceptance of the modified Terms. 

13. Place of Performance - Legal Status – Jurisdiction

            13.1 Unless otherwise stated in the contract, place of payment and             performance is the main office of GCR Systems.

            13.2 If any term, clause or provision of these Terms is held unlawful, void or             unenforceable, then that term, clause or provision will be severable from             these Terms and will not affect the validity or enforceability of any             remaining part of that term, clause or provision, or any other term, clause             or provision of these Terms. In the case of a clause not being valid or in the             case that a regulation has not been included therein, this gap shall be             replaced by a valid clause that the Parties would have been agreed upon if             they would have known the gap.

            13.3 The law of the Federal Republic of Germany applies.







Mobirise
 

Contacts

Email: info@gcr.systems
Phone: +49 (0)30 610900 41212