Common use of Risk of Hacking and Security Weaknesses Clause in Contracts

Risk of Hacking and Security Weaknesses. Hackers or other malicious groups or organizations may attempt to interfere with the Product or XXXXX Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Xxxxx attacks, smurfing and spoofing. Furthermore, because the Product is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the Product, which could negatively affect the Product and XXXXX Tokens, including Tokens’ utility for using the Product.

Appears in 2 contracts

Samples: Pre Order Agreement, Pre Order Agreement

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Risk of Hacking and Security Weaknesses. Hackers or other malicious groups or organizations may attempt to interfere with the Product Token Sale Platform or XXXXX Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Xxxxx attacks, smurfing and spoofing. Furthermore, because the Product Token Sale Platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the ProductToken Sale Platform, which could negatively affect the Product Token Sale Platform and XXXXX Tokens, including Tokens’ utility for using the Productutility.

Appears in 1 contract

Samples: Token Sale Agreement

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Risk of Hacking and Security Weaknesses. Hackers or other malicious groups or organizations may attempt to interfere with the Product Platform or XXXXX the Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Xxxxx attacks, smurfing and spoofing. Furthermore, because the Product Platform is based on open-source software, there is a risk that a third party or a member of the Company Company’s team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the ProductPlatform, which could negatively affect the Product Platform and XXXXX the Tokens and their value including the Token Utility. Risks Associated with Markets for Tokens, including Tokens’ utility for using the Product.

Appears in 1 contract

Samples: Private Token Purchase Commitment Agreement (Blockchain Industries, Inc.)

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