Risks Related to Digital Securities on Blockchain
Tritaurian Capital, Incorporated (“Tritaurian”), using the technology of its affiliate SOMA Finance, Incorporated d/b/a SOMA.finanece (“SOMA”) issues digital securities using distributed ledger technology, also known as blockchain.
Investors are responsible for maintaining security and confidentiality of their digital wallet password, secret phrase and private key (“Credentials”). Investors must protect their Credentials from cybertheft. Investors must not share their Credentials with any other person. Neither Tritaurian, nor SOMA, nor any other party has access to an investor’s Credentials. In the event of loss of Credentials, the investor will lose all assets in their digital wallet. Neither Tritaurian nor SOMA will be liable for any loss, damage or injury or for any direct, indirect, special, incidental, exemplary, or consequential damages arising from or related to the loss of an investor’s Credentials or errors in the use of their digital wallet. Investors must contact the issuer or issuer’s transfer agent for replacement of lost digital securities. Issuer or their transfer agent may charge a fee for replacement of digital securities.
Public Blockchains keeps all transaction history public using the public key of digital wallets. Investors may want to control access to the public key of their digital wallet except when they have to share the public key with a counterparty to execute a transaction. We advise investors to examine managing privacy and security on Public Blockchains before making an investment.
If a Public Blockchains is split or forked into two or more branches, Tritaurian and SOMA will, in their sole discretion, decide which branch of the Public Blockchains they will use for future issuances. Neither Tritaurian nor SOMA will be liable for any loss, damage or injury or for any direct, indirect, special, incidental, exemplary, or consequential damages arising from or related to a split of a Public Blockchain. Investors must contact the issuer or issuer’s transfer agent to find out which branch which will be valid for the digital securities in the event of a split of a Public Blockchain.