L-P Kripton ltd.
L-P Kripton ltd. is registered in Gibraltar under registration number 116865 (hereinafter, the “Company”) and provides the opportunity to participate in the token sale of the Kripton token online through http://www.ico.lpesa.io/ (hereinafter, the “Site”). The following Conflict of Interests Policy apply to all issues arising out of the use of the website, content, information and the tokens’ purchase, provided via the Site and its operators – the Company.
“L-P Kripton ltd.” includes its group companies, employees, appointed representatives, tied agents, contractors or any person directly or indirectly linked to it by control.
As part of its collaborations with certain third-parties, the Company is not obliged but wish to set forth the Company’s policy on conflicts of interests and its approach to provide a fair management of any conflicts of interests: both between the Company, its directors, employees and token purchasers.
This policy applies to all the Company’s activities regarding the LPK token ICO, including outsourced activities provided by a third party, and to all the Company’s team and employees.
DEFINITION OF “CONFLICT OF INTERESTS”
The Company defines a conflict of interests as any situation where an action or withhold may result in risk of damage to the interests of a token purchaser from one hand, and the likelihood of making a financial gain, or avoidance from a financial loss, by the Company, and as a direct result from that action or withhold, from the other hand.
CONFLICT OF INTERESTS COUNTER-MEASURES
Extensive measures have been adopted by the Company to identify, prevent, control and manage potential conflicts of interests.
The Company has established procedures which are designed to identify and manage conflicts of interests. Once a conflict has been identified, procedures are implemented to ensure it is appropriately managed.
The Company hereby adopts a number of approaches to manage conflicts of interests; the following is a non-exhaustive list of these controls:
Clear policy about use of proceeds, published in the ICO’s white paper.
Segregation of duties for persons engaged in different business activities, including
procedures for ensuring appropriate communication between business units;
Training to directors and employees of The Company on conflicts of interests management.
Clear team and token distribution for the team and the advisors of the ICO, published in the ICO’s white paper and on the Site.
The maintenance of an updated record of activities carried out by the Company or on its behalf which raise a conflict of interests involving a material risk of damage to the interests of one or more token purchasers.
Control over remunerations with LPK tokens for relevant persons; and
Protocols to ensure that no improper inducements are given or received, and that proper inducements are disclosed appropriately;
DISCLOSURE OF CONFLICT OF INTERESTS WHERE IT CANNOT BE AVOIDED
When the measures taken by the Company to manage conflicts of interests are not sufficient to ensure, with reasonable confidence, that the risk of damage to token purchasers’ interests will be prevented, the Company will disclose the general nature and/or sources of the conflicts of interests to the token purchaser in order to prevent a risk of damage to token purchasers’ interests, prior to carrying out an action or withhold. The disclosure will be given to the token purchaser in sufficient time.
For further information or any questions, please contact the Company.