This section goes over the details of investing in Talent — things like how money gets collected, whether investments or sale of Talent Co Tokens can be changed or canceled, and how Talent can contact Investors to provide additional perks or benefits.
These are the terms that apply when you’re purchasing Talent Tokens:
Investors are charged when they purchase Tokens, which are digital assets representing financial assets: Limited Company SAFEs, stock, or other shareholdings in the form of digital Tokens.
Tokens are the digital representation of financial assets: SAFE(s), Stock, or other shareholdings in the Talent Co.
The Investor payment will only be collected and be issued the respective Tokens on a simple ledger, block chain, or other decentralized ledger. The exact amount of Tokens purchased is the amount ACE will collect. The majority of the funds shall be placed in the Talent account for use, with requisite fees collected beforehand.
In some cases ACE will reserve a charge on an Investor’s credit card. ACE and its payment partners may authorize or reserve a charge on a credit card (or whatever payment method you use) for any amount up to the full purchase amount, at any time between the purchase and the settlement of shares for funds.
Purchasers cannot change or cancel a transaction any time after settlement, which typically occurs instantaneously. Purchasers are then able to sell Tokens via the ACE platform or on the ACE secondary trading platform (exchange), only.
The Token, and thus the Safe, cannot be purchased, held, sold, assigned, or any form of an off-exchange transaction, commonly known as an over-the-counter transaction or trade (“OTC Transaction”) on a platform, medium, exchange or otherwise other than on ACE.
An attempt to conduct or completion of an OTC Transaction, knowingly or unknowingly, may result in the surrender of the Token(s), voiding of associated SAFE(s), removal from the ACE platform, and/or other penal actions against the parties, part or party, to the OTC Transaction.
Any date of beginning return on investment via dividend-based returns is the Talent’s estimate — not a guarantee to fulfill by that date. The schedule may change as the Talent works to achieve commercial success. We ask Talent to think carefully, and if they must, communicate a date they feel confident they can work toward, and communicate with Investors about any changes.
The Talent may need to send Investors questions about how Investors want to participate in additional perks and benefits of being a shareholder.
To deliver additional perks and benefits, the Talent might need information from Investors, like Investors mailing address or t-shirt size. Talent shall request that information only through the ACE platform, and never directly to the Investor. This is to maintain the protections and fidelity to both Talent and Investors inherent to the ACE platform.
To receive perks and benefits, Investors may need to provide the information in a reasonable amount of time. Talent shall not be given personal information that is not necessary to provide additional perks and benefits, and shall never get or should be given sensitive personal information such as an Investor’s Social Security number or payment information.
Contact us at support@ACE.com if you receive a request for information that seems inappropriate or excessive.
ACE doesn’t offer refunds. Responsibility for achieving commercial success lies entirely with the Talent. ACE doesn’t control or direct funds from investment on the Talent’s behalf, but does try to limit Investor funds use to Authorized Factors of Production via certain mechanisms, audits, and reporting from the Talent Co.
ACE cannot guarantee Talents’ work and subsequent commercial success, and does not offer refunds.