IMPORTANT NOTICE: PLEASE READ THE ENTIRE DOCUMENT CAREFULLY. WE RECOMMEND YOU CONSULT A LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) OR EXPERTS FOR FURTHER GUIDANCE prior to participating in the HI-TEK.SG Pte. Ltd. (Company) HI-TEKCoin TravelPayTM token voucher sale outlined in this White Paper.
The purpose of this White paper is to present a summary of HI-TEK’s business model, value proposition and an introduction to the HI-TEKCoin (HIC) TravelPayTM token voucher crowdsale for potential token purchasers. The information set forth below may be changed for any reason, may not be exhaustive and does not imply any elements of a contractual relationship.
The sale and purchase of HIC TravelPayTM token vouchers are presented on the HI-TEK.io website. HIC tokens were created as a digital asset to pay for travel Visa registrations, annual membership fees, hotels and other online travel services on the Company’s various online booking travel portals. HIC token is the open source crypto currency, using advanced Blockchain encryption technology. With HIC TravelPayTM tokens, the customer’s money will be stored in his/her personal digital wallet, strictly confidential and absolutely private. At transaction time, the money from the customer’s account will go directly to the Service Provider (ie. Hotels, Airlines, Car rentals, etc…) seamlessly, not through any intermediaries.
The HIC TravelPayTM token is a Utility token, not securities as defined under Singapore’s Securities and Futures Act (Cap. 289) (”SFA”). Accordingly, the SFA does not apply to the offer and sale of HIC token vouchers. This initial sale offering (ISO) of HIC token vouchers does not have to be accompanied by any prospectus or profile statement nor be filed officially with the Monetary Authority of Singapore (”MAS”).
It is recommended that you consult your legal, financial, tax or other professional advisor(s) if you decide to participate in the ISO of HIC token vouchers. This White Paper does not purport to be all-inclusive or contain all information that you may desire in examining the project. This White Paper’s sole purpose is to provide relevant and reasonable information to you in order for you to determine whether to undertake a thorough analysis of the project and the company with the intent of acquiring HIC TravelPayTM tokens.
The purchase of HIC TravelPayTM token vouchers involves some risks and if you cannot afford to lose your funds, then do not proceed with the transaction. In making a decision to purchase HIC token vouchers, you must rely on your own examination of the project and the terms thereof, including the merits and all different risks involved. Prior to making a decision regarding the purchase of HIC token vouchers, you should consult your legal, financial, tax or other professional advisor(s), as to all matters concerning this purchase, and carefully review and consider this entire White Paper.
You and other prospective token purchasers are encouraged to ask questions about the Company, its business and the ISO of the crowdsale, and to request such data as may be necessary to enable you to make an informed purchase decision. Nothing in this White Paper, on the HI-TEK.io website will be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. If you decide to purchase HIC token vouchers, please note that your purchase does not involve the exchange of the digital assets for any form of securities, investment units and/or form of ordinary or other shares in the Company.
Furthermore, you as a HIC TravelPayTM tokens holder do not receive any form of dividend or other revenue rights or participate in profit sharing nor receive any right of ownership in HI-TEK.SG Pte. Ltd. or any rights to participate in the management of the Company. It is for these reasons that we believe the HIC TravelPayTM tokens are not securities and may be purchased by anyone.
If you determine that HIC TravelPayTM tokens may constitute securities subject to regulation in your country, we strongly advise you not to acquire them and suggest you immediately notify us of the possible risks. This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdictions that are designed to protect investors. No regulatory authority has examined or approved of any of the information set out in this White Paper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. No financial information contained in this White Paper has been audited.
The Company’s founders, team members and any third party involved in HIC TravelPayTM token voucher project do not warrant or assume any legal liability arising out of or related to the accuracy, reliability, or completeness of any material contained in this White Paper or any accompanied material or statements. To the maximum extent permitted by the applicable laws, regulations and rules; HI-TEK.SG Pte. Ltd., its founders, team members and any third party involved in the HIC TravelPayTM token voucher project will not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data); arising out of or in connection with any acceptance of or reliance on this White Paper or any part thereof, or any accompanied material, statements or information provided on the HI-TEK.io website by you.
All statements, estimates, and financial information contained in this White Paper, on the HI-TEK.io website, in press releases or in any other place, accessible by the public, and oral statements that may be made by the Company, its founders, team members and any third party involved in the HIC TravelPayTM token voucher project and acting on behalf of the Company, that are not statements of historical fact, constitute forward-looking statements or information. Such forward-looking statements or information involves known and unknown risks and uncertainties, which may cause actual events, or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements. These statements may be identified by words such as “expect”, “target”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “should”, “could”, “would”, “if”, “may”, “possible”, “project” or words of similar meaning or form. However, these words are not the exclusive means of identifying forward-looking statements.
The HIC tokens are not being offered or distributed to, as well as cannot be resold or otherwise alienated by their holders to, citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory listed above or where transactions with digital tokens are prohibited or in any manner restricted by applicable laws or regulations. If such restricted person purchases HIC tokens, such restricted person has done so on an unlawful, unauthorized and fraudulent basis and in this regard, will bear negative consequences.
Aforesaid persons that participate in the fundraiser by providing false information about their citizenship, residency place and nationality, will breach the ISO of HIC TravelPayTM token vouchers and would entitle the Company to request such persons to compensate any damages and/or losses suffered due to this violation. You agree that you purchase, receive and hold the HIC TravelPayTM token vouchers at your own risk and that HIC TravelPayTM tokens are provided on an ‘as is’ basis without warranties of any kind, either express or implied. It is your responsibility to determine if you are legally allowed to purchase HIC TravelPayTM tokens in your jurisdiction and whether you can then resell HIC TravelPayTM tokens to another purchaser in any given jurisdiction. You bear the sole responsibility for determining or assessing the tax implications of your participation in the ISO crowdsale, purchasing, or receiving and holding HIC TravelPayTM tokens in all respects and in any relevant jurisdiction. You represent and warrant to us that the contributed funds do not derive from any illegal activity and allow us appropriate Anti-Money Laundering (AML) and Know Your Customer (KYC) verification. You understand and accept that we may at any time and without any explanation reject any purchases based on simple suspicion that the funds derive from illegal acts or that AML regulation was not honored.
This White Paper may be updated or modified with the latest version of the White Paper prevailing over previous versions. The Company is not obligated to give you any notice of the fact or content of any changes. The latest version of the White Paper in English is available at the website http://www.HI-TEK.io
However, there is no obligation to update, supplement or correct this White Paper or accompanying materials in any respect, or otherwise to provide you with access to any additional information. The information contained herein may from time to time be translated into languages other than English or used in the course of written or verbal communications with existing and prospective token purchasers, customers, partners, etc. In the event of any conflicts or inconsistencies between such translations and communications and this official English language White Paper, the provisions of this English language original document will prevail.
This White Paper does not constitute an offer of, or an invitation to purchase the HIC TravelPayTM token vouchers in any jurisdiction in which such offer or sale would be unlawful.
No regulatory authority in Singapore, including the MAS, has reviewed, approved, or disapproved of the HIC TravelPayTM token vouchers or this White Paper. This White Paper and any part hereof may not be distributed or otherwise disseminated in any jurisdiction where offering tokens in the manner set out in this White Paper is regulated or prohibited.