DISCLAIMER SANCTIONED COUNTRIES AND IMPORTANT JURISDICTIONS

I. UNITED NATIONS SANCTIONED COUNTRIES

WE NEVER SELL TO THE FOLLOWING SANCTIONED COUNTRIES, CURRENTLY: CUBA, IVORY COAST, IRAN, SYRIA, MYANMAR, AND NORTH KOREA. EACH PROSPECTIVE PURCHASER SHALL BE RESPONSIBLE TO FOLLOW THE LAWS AND REGULATIONS IN THESE AND FUTURE SANCTIONED COUNTRIES DESIGNATED BY THE UN.

II. JURISDICTIONS


AUSTRALIA

NO PROSPECTUS OR DISCLOSURE DOCUMENT WITH RESPECT TO OUR TOKENS HAS BEEN FILED WITH THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, THE AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, OR THE AUSTRALIAN STOCK EXCHANGE.

THIS OFFERING IS PROVIDED TO A LIMITED NUMBER OF SOPHISTICATED INVESTORS AS DEFINED UNDER THE CORPORATION ACT OF THE COMMONWEALTH OF AUSTRALIA. TO FULFIL THE CONDITIONS OF A SOPHISTICATED INVESTOR UNDER AUSTRALIAN LAWS AND REGULATIONS, A PROSPECTIVE INVESTOR MUST HAVE AN OFFICIAL CERTIFICATE FROM A CHARTERED ACCOUNTANT THAT HE/SHE MEETS CERTAIN CAPITAL REQUIREMENTS.


BRAZIL

OUR TOKENS WILL NOT BE REGISTERED WITH THE BRAZILIAN SECURITIES COMMISSION (COMISSÃO DE VALORES MOBILIÁRIOS), AND MAY NOT BE OFFERED, TRADED OR SOLD IN BRAZIL, WITH THE EXCEPTION OF CIRCUMSTANCES WHICH ARE NOT CONSIDERED A PUBLIC OFFERING.


CANADA

ACCORDING TO CANADIAN SECURITIES LAWS AND REGULATIONS, THIS OFFERING IS UNDER NO CIRCUMSTANCES TO BE CONSIDERED A PROSPECTUS OR A PUBLIC OFFERING OF OUR TOKENS IN CANADA. NO SECURITIES COMMISSION OR SIMILAR AUTHORITY ON PROVINCIAL LEVEL IN CANADA REVIEWED THE NATURE OF OUR TOKENS. EACH CANADIAN PURCHASER OF OUR TOKENS REPRESENTS TO THE COMPANY THAT HE/SHE IS A PERSON TO WHO THE TOKENS MAY BE OFFERED AND SOLD, AND PURCHASER IS QUALIFIED UNDER APPLICABLE PROVINCIAL SECURITIES LAWS. WE RESERVE THE RIGHT TO REJECT TO ALLOCATE PURCHASED TOKENS TO PROSPECTIVE PURCHASERS RESIDING IN CANADA, AND THE ANNULMENT OF ANY PURCHASE MADE.


RESALE RESTRICTIONS IN CANADA

THE RESALE OF OUR TOKENS MUST BE AT ALL TIMES IN ACCORDANCE WITH CANADIAN SECURITIES LAWS AND REGULATIONS. THIS MEANS THAT A RESALE HAS TO BE MADE IN ACCORDANCE WITH CERTAIN REQUIREMENTS FOR A PROSPECTUS. WE ADVISE CANADIAN PURCHASERS TO SEEK FURTHER LEGAL ADVICE BEFORE DECIDING ON ANY RESALE OF OUR TOKENS.


CHINA

OUR TOKENS WILL NOT BE OFFERED DIRECTLY, OR INDIRECTLY TO PEOPLE IN THE PEOPLE’S REPUBLIC OF CHINA (OR MACAU). THE INFORMATION IN THIS WHITEPAPER WILL NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO BUY ANY TOKENS WITHIN CHINA. THE COMPANY WILL NOT SUBMITTED, SEEK APPROVAL OR VERIFICATION WITH ANY GOVERNMENTAL OR FINANCIAL AUTHORITIES IN CHINA. OUR TOKENS MAY NOT BE DISTRIBUTED TO PEOPLE IN CHINA.


EUROPEAN UNION

NO PROSPECTUS, OFFERING MATERIAL, OR DISCLOSURE DOCUMENT HAS BEEN LODGED WITH ANY MEMBER STATE OF THE EUROPEAN UNION. THE EUROPEAN UNION PROSPECTUS DIRECTIVE (203/71/EC) GIVES MINIMUM STANDARDS ON HOW TO IMPLEMENT CERTAIN RULES FOR THE MEMBER STATES. THE PROSPECTIVE DIRECTIVE CONTAINS CERTAIN EXEMPTIONS, AND THE COMPANY RESERVES THE RIGHT TO OFFER TOKENS IN ACCORDANCE WITH THE EXEMPTIONS UNDER THE SECURITIES LAWS OF EACH EU MEMBER STATE.

EACH PROSPECTIVE PURCHASER RESIDING IN ANY EU MEMBER STATE, WHO PURCHASES, HOLDS OR SELLS TOKENS, REPRESENTS AND WARRANTS HE/SHE IS QUALIFIED TO PURCHASE TOKENS ACCORDING TO THE LAW OF THE RELEVANT EU MEMBER STATE IMPLEMENTING RULE 2(1)(E) PROSPECTUS DIRECTIVE.


INDIA

THIS WHITEPAPER SHOULD NOT BE REGARDED AS A PUBLIC OFFERING OR PROSPECTUS IN INDIA AND HAS NOT BEEN REGISTERED WITH, OR APPROVED BY, THE SECURITIES AND EXCHANGE BOARD OF INDIA OR THE INDIA RESERVE BANK. PROSPECTIVE PURCHASERS MUST SEEK LEGAL ADVICE AS TO WHETHER THEY ARE AUTHORIZED TO PURCHASE, HOLD OR SELL TOKENS AND AGREE TO COMPLY WITH ALL INDIAN LAWS AND REGULATIONS.


ISRAEL

THE ISRAELI SECURITIES AUTHORITY HAS NOT APPROVED THIS OFFERING. OUR TOKENS ARE BEING OFFERED TO A LIMITED NUMBER OF QUALIFIED ISRAELI INVESTORS. THIS WHITEPAPER MAYBE SEND TO RESIDENTS IN ISRAEL, BUT MAY NOT CONSTITUTE AN "OFFER TO THE PUBLIC" IN ACCORDANCE WITH PARAGRAPHS 15 AND 15A OF THE 1968 SECURITIES LAWS AND REGULATIONS. ANY QUALIFIED INVESTOR IN ISRAEL PURSUANT TO NATIONAL SECURITIES LAW WHO PURCHASES OR HOLDS OUR TOKENS, MAY DO SO FOR HIS BENEFIT AND NOT WITH THE INTENTION OF DISTRIBUTING OUR TOKENS INTEREST TO OTHER PARTIES.


JAPAN

OUR TOKENS NOR THIS OFFERING HAS BEEN DISCLOSED ACCORDING TO THE SECURITIES EXCHANGE LAW OF JAPAN OF 1948. PROSPECTIVE PURCHASERS OF OUR TOKENS ACKNOWLEDGE AND AGREE NOT TO RE-DISTRIBUTE THESE TO ANYONE OTHER THAN NON-RESIDENTS OF JAPAN. EXCEPT UNDER PRIVATE JAPANESE EXEMPTIONS FROM THE REGISTRATION OR IN COMPLIANCE WITH SECURITIES EXCHANGE LAW IN JAPAN. THESE TOKENS WILL NOT BE REGISTERED IN JAPAN UNDER THE SECURITIES EXCHANGE LAWS.


MEXICO

TOKENS ARE NOT APPROVED OR DISAPPROVED OR REGISTERED BY THE MEXICAN DEPARTMENT OF BANKING AND ITS SECURITIES DIVISION. THESE AUTHORITIES WILL NOT REVIEW THE ACCURACY OF THIS OFFERING. THIS OFFERING HAS SOLELY BEEN MADE TO QUALIFIED INVESTORS AS DEFINED UNDER THE MEXICAN SECURITIES MARKET LAW.


RUSSIA

THIS OFFERING IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING OF TOKENS IN RUSSIA. THE COMPANY DOES NOT MAKE ANY REPRESENTATION WITH RESPECT TO THE ELIGIBILITY OF ANY OF THIS OFFERING, AND IT DOES NOT CONSTITUTE A PUBLIC OFFER OF OUR TOKENS IN RUSSIA.


SAUDI ARABIA

THIS OFFERING MAY NOT BE DISTRIBUTED TO PEOPLE IN THE KINGDOM OF SAUDI ARABIA, EXCEPT TO THOSE PERMITTED UNDER SECURITIES REGULATIONS ISSUED BY THE CAPITAL MARKET AUTHORITY. THE CAPITAL MARKET AUTHORITY IN SAUDI ARABIA CANNOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS OR ACCURACY OF THIS OFFERING AND DISCLAIMS ANY LIABILITY FOR ANY LOSS ARISING FROM ANY PART OF THIS OFFERING.


SINGAPORE

THIS OFFERING IS NOT A PROSPECTUS UNDER THE RULES OF THE SFA, AND AS A CONSEQUENCE STATUTORY LIABILITY UNDER THE SFA RULES WILL NEVER APPLY.

THE OFFERING OF TOKENS IN SINGAPORE IS BEING MADE UNDER THE EXEMPTION OF SECTION 302B(1) OF THE SFA, AND HAS NOT BEEN FILED WITH THE MONETARY AUTHORITY OF SINGAPORE. THE COMPANY NOR THE TOKEN PURCHASERS ARE RECOGNIZED BY THE MONETARY AUTHORITY OF SINGAPORE AS A COLLECTIVE INVESTMENT.


SOUTH KOREA

THIS OFFERING IS NOT TO BE CONSTRUED AS, A PUBLIC OR PRIVATE OFFERING OF OUR TOKENS IN SOUTH KOREA, AND WILL NOT BE OFFERED OR SOLD TO PEOPLE IN SOUTH KOREA. TOKENS ARE NOT REGISTERED UNDER THE SECURITIES AND EXCHANGE ACT, SECURITIES INVESTMENT TRUST BUSINESS ACT, OR THE SECURITIES INVESTMENT FUND ACT.


SWITZERLAND

THIS OFFERING DOES NOT CONSTITUTE AN ISSUANCE OF A PROSPECTUS PURSUANT TO ARTICLES 652A OF THE SWISS OBLIGATIONS CODE, AND WILL NOT BE FILED WITH OR APPROVED BY ANY SWISS REGULATORY BODY, SUCH AS THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY. OUR TOKENS WILL NOT BE LISTED ON ANY SWISS EXCHANGE. FOR THAT REASON WE DO NOT CLAIM TO COMPLY WITH STANDARDS OF THE ISSUANCE RULES OF THE SWISS OBLIGATIONS CODE AND RULES OF SWISS EXCHANGES. THE TOKENS ARE BEING OFFERED IN SWITZERLAND TO A SMALL NUMBER OF SELECTED INVESTORS ONLY AND UNDER THE RULES OF PRIVATE PLACEMENT.


UNITED ARAB EMIRATES AND DUBAI

THIS OFFERING DOES NOT, AND IS NOT INTENDED TO, CONSTITUTE AN INVITATION OR A PUBLIC OFFER OF TOKENS IN THE UNITED ARAB EMIRATES AND DUBAI. AND SHOULD NOT BE CONSTRUED AS SUCH. OUR TOKENS HAVE NOT BEEN APPROVED OR LICENSED UNDER FEDERAL LAW NO. 4 OF 2000: THE EMIRATES SECURITIES AND COMMODITIES AUTHORITY AND EXCHANGE, UNITED ARAB EMIRATES CENTRAL BANK OR THE DUBAI FINANCIAL SERVICES AUTHORITY.


THE UNITED KINGDOM

THE CONTENT OF THIS OFFERING HAS NOT BEEN APPROVED UNDER THE RULES OF THE FINANCIAL SERVICES AND MARKETS ACT 2000. THIS OFFERING DOES NOT CONSTITUTE AN OFFER OF NOTES TO THE PUBLIC IN THE UNITED KINGDOM. NO OFFERING HAS BEEN APPROVED OR WILL BE APPROVED BY ANY GOVERNMENTAL OR REGULATORY AUTHORITY IN THE UNITED KINGDOM.


THE UNITED STATES

THIS OFFERING WILL ONLY BE OFFERED OUTSIDE THE UNITED STATES AND TO NON-US CITIZENS, AND WE WILL NOT REGISTER THIS OFFERING AS SECURITIES UNDER THE US SECURITIES ACT 1933 NOR WE MAKE USE OF ANY APPLICABLE EXEMPTION FROM REGISTRATION.