Governance & ICO Terms
Governance
The decision-making mechanisms and governance of the project adhere to the same governance principles as those of NAEST (see below), with only the majority shareholder being decision-maker regarding this project.
NAEST is managed and represented by its President, Mr. Salim KHANNOUSSI, who is vested with the broadest powers to act on behalf of the Issuer within the limits of its corporate purpose. The general assembly of shareholders of the Issuer is effectively controlled by its majority partner, Mr. Salim KHANNOUSSI.
Conflicts of Interest
NAEST is not aware of any discrepancies between its own interests, those of its partners, and those of subscribers to the NAEST token offer. No NAEST tokens have been created prior to the start of Stage 1 (private sale) of this offer, and SAS NAEST does not intend to participate in the public offer of tokens as referred to in this Information Document.
Statutory Auditor
In light of the thresholds set by law, NAEST does not fall under the legal obligation for mandatory appointment of a statutory auditor. The company commits to appoint a statutory auditor once two out of three thresholds provided by law have been exceeded.
Subscription Terms for the Offer
Subscription to the offer is accessible on a page that will be communicated at the time of the launch of each sale. To subscribe to the private or public offer of NAEST tokens, a subscriber must meet one of the following conditions:
Note: In the absence of a minimum threshold, no request for reimbursement of transferred USDT, USDC, or BUSD tokens (or amounts paid via SEPA transfer or credit card) will be accepted.
Fees Related to the Offer
Transaction costs related to subscribing to this offer are entirely borne by subscribers. For example, transaction costs incurred by using the chosen blockchain for subscribing to the offer are at the subscriber's expense (see details on our subscription site).
Rights and Obligations Related to NAEST Tokens
All issued tokens are fungible and confer equal rights upon their holders. Additionally, subscribers understand, acknowledge, and accept that purchasing NAEST tokens does not grant ownership of shares or equity in NAEST or its affiliated companies; nor does it confer shareholder status or rights to profit sharing, participation in ordinary or extraordinary general meetings, or any equivalent rights; nor any rights over intellectual or industrial property held by NAEST or its affiliated companies.
The issued tokens do not impose any specific obligations on their holders and it should be noted that issued tokens are divisible up to eighteen decimal places.
Applicable Law
The applicable law is French law.
Competent Jurisdiction
The competent jurisdiction in case of dispute is the Commercial Court of Paris (France), where SAS NAEST is based as issuer of NAEST tokens.
Statement from Responsible Person
"I certify that I have taken all reasonable measures for this purpose that the information contained in this Information Document is, to my knowledge, accurate and does not contain any omissions that would alter its meaning." Salim Khannoussi, CEO NAEST.
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