Common use of Cryptocurrency Limitations Clause in Contracts

Cryptocurrency Limitations. Initially, the General Partner will target an amount of Cryptocurrencies to be held by the Partnership that ranges in value between 10% and 30% of the aggregate value of all Capital Contributions of all Limited Partners. The General Partner will seek to manage the Partnership’s Cryptocurrency holdings within that range by buying or selling Cryptocurrency on behalf of the Partnership, as applicable; provided, however, that the General Partner may adjust such range or allow the amount of Cryptocurrencies held by the Partnership to fall below such range in its sole discretion; provided that in no event will more than 30% of the aggregate Capital Contributions be held in the form of Cryptocurrencies. The Limited Partners hereby disclaim any right of action that they may otherwise have against the Partnership, the General Partner or any of their Affiliates for any losses or other economic performance related to the management of Cryptocurrency held by the Partnership. The General Partner has not, and will not, register in the United States or any other jurisdiction as an investment adviser or similar entity, and the General Partner reserves the right to liquidate any Cryptocurrency held by the Partnership if such liquidation is necessary or advisable in order to avoid any such registration.

Appears in 4 contracts

Samples: Purchase Agreement (Blockstack Token LLC), Purchase Agreement (Blockstack Token LLC), Blockstack Inc.

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