Disclaimers

Notice to Residents of the UE/EEA

The token described in the present White Paper is not a guarantee or a financial instrument within the meaning of the Markets in Financial Instruments Directive (MiFID II) of the European Parliament (2014/65/EU), securities or other laws of the member states. The token is not a guarantee of any kind and does not represent any right to vote, manage or share the profits of any entity. The token does not represent the ownership of any physical asset and will not be refundable.

Notice to Residents of the United States

The token offer and sale have not been registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of certain states. The token may not be offered, sold or otherwise transferred, pledged or mortgaged, except to the extent permitted under the Act and applicable state securities laws pursuant to an effective registration statement or a waiver thereof.

Notice to Residents of Australia

No SAFTs, placement document, prospectus, product disclosure statement or other disclosure document has been lodged with the Australian Securities and Investments Commission concerning the offering. The SAFT and any documents used in connection therewith and any related documents do not сonstitute a prospectus, product disclosure statement, or other disclosure documents under the Corporations Act 2001. In Australia, the token may only be offered to "sophisticated investors" or "professional investors" or otherwise in accordance with one or more exemptions contained in the Corporations Act so that it is lawful to offer the token in observance with applicable laws.

Notice to Residents of the People's Republic of China

The rights to the token are not being offered or sold and may not be offered or sold, directly or indirectly, within the People's Republic of China, except as expressly permitted by the laws and regulations of the People's Republic Of China.

Notice to Residents of Japan

The token has not been registered and will not be registered under Japan's securities or financial laws. The potential purchasers of the token agree not to re-transfer or re-assign the token to anyone other than non-residents of Japan except pursuant to a private placement exemption from the registration requirements of, and otherwise in compliance with, the relevant laws and regulations of Japan.

Notice to Residents of the Russian Federation

The SAFT and any related documents are not an offer, or an invitation to make offers, to sell, purchase, exchange or otherwise transfer securities or foreign financial instruments to or for the benefit of any person or entity resident, incorporated, established or having their usual residence in the Russian Federation. The SAFT and any documents used in connection to the token offer are not advertisements in connection with any securities' placement or public circulation as determined by Russian laws. The token is not intended for placement or public circulation in the Russian Federation. Neither the SAFT nor any other document relating here to has been or will be registered with the Central Bank of the Russian Federation.

Notice to Residents of Switzerland

The token may not be publicly offered in Switzerland and will not be listed on the swiss exchanges or on any other stock exchange or regulated trading facility in Switzerland. SAFT and any related documents have been prepared without regard to the disclosure standards for issuance prospectuses under the Swiss Code of Obligations or the disclosure standards for listing prospectuses. Neither SAFT nor any related marketing material may be publicly distributed or otherwise made publicly available in Switzerland. SAFT and any related marketing materials have not been and will not be filed with or approved by any Swiss regulatory authority, mainly including the Swiss Financial Market Supervisory Authority. The token offer has not been authorized under the Swiss Federal Act on Collective Investment Schemes.

Notice to Residents of the United Kingdom

In the United Kingdom, the SAFT is being distributed only to and is directed only at (and any purchase activity to which it relates will be engaged only with) investment professionals (within the meaning of article 19(5) of the Financial Promotion Order (the "FPO"); (ii) persons or entities of a kind described in article 49 of the FPO; (iii) certified sophisticated investors (within the meaning of article 50(1) of the FPO); and (iv) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action in connection with the SAFT or based upon any documents used in connection therewith. It is a condition of the acquisition of the token that the person warrants to be a relevant person. The SAFT and any documents used in connection therewith have not been approved by any regulatory authority in the United Kingdom.

Notice to Residents of All Jurisdictions

No action has been taken to permit the offer, sale, possession or distribution of the token or any related documents in any jurisdiction where action for that purpose is required. You are required to inform yourself about and to observe any restrictions relating to the token offering, the SAFT, and any related documents in your jurisdiction.

There is no financial return on subscribing to the token, and you should not subscribe to the token for speculative purposes. The participation in the issuance of the token must not have any expectation of profits, dividends, capital gains, financial performance or any other return, payment or income of any kind. The purchase of the token carries a substantial risk that could lead to a loss. There is no guarantee that the objectives will be achieved or that the tokens will always have or maintain their value within the ecosystem.

Any resale of the token must be made per exemptions from the securities requirements and in compliance with the requirements of applicable laws.