9.1 VAVE.io provides a software solution facilitating the issuance of Assets by Issuers, then their administration after their issuance. The Assets are registered in a shared electronic registration system in accordance with Articles L. 211-3 et seq. Of the CMF (the “ Solution ”).
The Solution allows holders of Assets issued by an Issuer to administer them through a dedicated interface. Investors can subscribe to the Assets directly through the Solution, by crediting their Payment Account with an amount equivalent to the subscription price.
Finally, Visitors have the possibility of testing the Solution by simulating the issue or subscription of fictitious Assets.
9.2. VAVE.io does not intervene in the fundraising carried out by the Issuers through the issuance of the Assets, and its responsibility cannot be incurred by an Investor because of the subscription by the latter of a any Active. The solution offered by VAVE.io being strictly technological,
VAVE.io does not provide any regulated service.
In particular, the services provided by VAVE.io to Issuers and Investors do not constitute an activity of intermediation in various goods, investment advice or management of collective investment undertakings.
Each Investor must assess the investment opportunities accessible through the Site and determine whether they are appropriate given their investment objectives and financial situation. Each Investor is encouraged to consult a financial advisor before purchasing an Asset.
9.3 Legally, the issuance of the Assets is effected by the completion by the Issuers and Investors of the necessary legal formalities. The statement of the Assets owned by an Investor available in his Personal Space does not constitute the latter’s ownership of the Assets, nor does it constitute proof thereof. In accordance with Articles L. 211-3 et seq. Of the Monetary and Financial Code, ownership of the Assets results from the sole registration in the name of the Investor in the shared electronic registration system; the statement available in the Personal Space which merely reproduces these property rights in a form easily readable by the Investor.
10.4. VAVE.io cannot be held responsible for any breaches by an Issuer of the general rules applicable to companies or the rules specific to issued financial securities, and in particular the regulation of public offers of financial securities.
10.5. As part of the Solution, the Issuers mandate VAVE.io to register the Assets in a shared electronic registration system, in accordance with the provisions of Article R. 211-3 of the Monetary and Financial Code. In this capacity as agent, VAVE.io complies with the provisions of Article R. 211-9-7 of the Monetary and Financial Code and in particular provides Investors with their transaction statements.
10.6. As a supplement to the main service described in these T & Cs, VAVE.io can also provide services for the provision of models of legal acts. VAVE.io can also allow Users, by means of software, to personalize said models themselves by answering a questionnaire, and to download the documents thus created.
As part of the services described in the previous paragraph, it is specified that VAVE.io is not a law firm and provides neither legal advice, nor legal consultation, nor service for drafting deeds under private signature (within the meaning of Law No. 71-1130 of December 31, 1971).