The Purchaser understands and accepts the risks in connection with the Purchase from the Association, and/or with the delivery, use and ownership of the AURC Tokens, as exemplary set forth above and hereinafter:

a)    Risk of software weaknesses: The Purchaser understands and accepts that the Auroca DAO, and other involved software and technology and technical concepts and theories are still in an early development stage and unproven, why there is no warranty that the process for receiving, use and ownership of the AURC Tokens will be uninterrupted or error-free and why there is an inherent risk that the software and related technologies and theories could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of the AURC Tokens.

b)    Regulatory risk: The Purchaser understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology based applications, which may be contrary to the current setup and which may, inter alia, result in substantial modifications, including its termination, the loss of all AURC Tokens and the value thereof for the Purchaser. Further, the Purchaser accepts and bears all risks with respect to securities, anti-money laundering, commodities and other regulations that may regulate the Association, the Purchases and/or the AURC Tokens.

c)    Risk of legal qualification: The Purchaser understands and accepts that the legal structure of tokens is relatively new, and no relevant prejudices are available. Therefore, the risk remains that a court may come to the conclusion that the underlying right cannot be transferred validly by transfer of the AURC Tokens alone.

d)    Third party risks: The Association will use third parties as service providers for certain aspects of the Purchase process. The Association has no visibility into, or possibility to control, the software or mechanisms used by such third party, and cannot verify or guarantee the proper functionality of the third-party software or operations.

e)    Risk of abandonment / lack of success: The Purchaser understands and accepts that the delivery of the AURC Tokens and the development of the Auroca DAO may be abandoned for a number of reasons, including lack of interest from industry and/or the public, lack of funding, lack of adoption, a broader downturn in the cryptocurrency market, lack of commercial success or prospects (e.g. caused by competing projects). The Purchaser therefore understands that the Purchase to the Association and/or the delivery, use and ownership of the AURC Tokens carries significant business, financial, and/or regulatory risks (including the risk of complete loss of functionality, use and/or value (if any) of AURC Tokens).

f)     Risk associated with other applications: The Purchaser understands and accepts that the Auroca DAO may give rise to other, alternative projects, promoted by unaffiliated third parties, under which the AURC Tokens will have no intrinsic value.

g)    Risk of loss of private key: AURC Tokens can only be accessed by using a combination of Purchaser’s account information (public address) and private key. The Purchaser understands and accepts that if his/her private key file or password were lost or stolen, the allocated AURC Tokens associated with the Purchaser's wallet (public address) would be unrecoverable and would be permanently lost. The Association has no control over the AURC Tokens; therefore, the Purchaser shall have no recourse to seek any refunds, recovery or replacements from the Association in the event of a Purchaser losing possession of its account through the loss, mismanagement or theft of access keys.

h)    Risk of theft: The Purchaser understands and accepts that the Auroca DAO and other involved software, other technology components and/or platforms may be exposed to attacks by hackers or other individuals that could result in theft or loss of AURC Tokens, or the theft or loss of the Purchases, impacting the ability to further develop the Auroca DAO.

i)      Risk of blockchain mining attacks: The Purchaser understands and accepts that the Auroca DAO may be susceptible to mining attacks including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks plus any number of as-yet unknown attack vectors on the unique technologies and mechanisms of the Auroca DAO. Any successful attacks present a risk to the Auroca DAO, expected proper execution and sequencing of AURC transactions, and expected proper execution and sequencing of software computations.

j)      Risk of governance attacks and failure: The Purchaser understands and accepts that the Auroca DAO may use an in-built decentralized governance system (“Governance System”). For these reasons, it is possible that the Governance System adopts proposals that have an adverse effect on the useful functioning of the Auroca DAO and/or the value of the AURC Tokens. If the Governance System is attacked or becomes controlled either directly or indirectly by some party who makes unwise decisions, or the community who generally makes unwise decisions, the value of the AURC Tokens held by a Purchaser might be greatly reduced or even permanently lost.

k)    Risk of lack of control: The Purchaser is not and will not be entitled to vote or receive distributions from the Association, nor will anything be construed to confer the Purchaser any right to of representation of the Association or any right to vote for the election or removal of the members of the Committee of the Association (the "Committee") or upon any matters submitted to the Committee, or to give or withhold consent to any Association action or to receive notice of meetings, or otherwise receive any corresponding right thereof. The Association is a private entity and is not required to publicly disclose any information about its finances or activities. In particular, information relating to the Auroca DAO including the number of users, speed, throughput, scalability, security etc. may not be publicly disclosed or readily available. As a result of these difficulties, the Purchaser may not have any control or access to accurate information about the Auroca DAO.

l)      Risk of market decline: The growth of the blockchain industry in general is subject to a high degree of uncertainty.

m)   Volatility risks. The prices of tokens have historically been subject to dramatic fluctuations and are highly volatile, and the market price of the AURC Tokens may also be highly volatile as well. In addition, a decrease in the price of a single token may cause volatility in the entire blockchain industry and may affect other tokens including the AURC Tokens.

n)    Risk of insufficient token liquidity / loss of value: The Purchaser understands that regarding the AURC Tokens no access to exchanges or market liquidity may be guaranteed and that the value (if any) of the AURC Tokens over time may experience extreme volatility or depreciate resulting in loss that will be borne exclusively by the Purchaser.

o)    Risk of uncertain tax treatment: The tax treatment of acquiring, holding and where permitted, selling, exchanging or otherwise disposing of the AURC Tokens is uncertain, and the Purchaser must seek its own tax advice. Acquiring, holding and where permitted, selling, exchanging or otherwise disposing of the AURC Tokens may result in adverse tax consequences to Purchasers, including liability for income taxes and responsibility for complying with certain tax reporting requirements. The Purchaser should consult with and must rely upon the advice of its own tax advisors.

p) Risk of litigation: Third parties may assert claims against the people and/or entities associated with the Auroca DAO and its underlying technology. Regardless of the merits of any legal action or claim, any action that reduces confidence in the Auroca DAO’s long-term viability or the ability of users to hold and transfer AURC Tokens may adversely affect the Auroca DAO. Additionally, a meritorious claim could prevent users from accessing the Auroca DAO or holding or transferring AURC Tokens..