This document (“Document”) has been prepared by Sapien Megalith Digital Asset Management Pty Ltd, ACN 656 083 313 (“Sapien Megalith”) and is being provided only to selected parties and only on the basis that those parties (“Recipients”) have agreed to the conditions as set out below. The receiving of this Document by the Recipient being sufficient evidence of acceptance of all of those conditions. If the Recipient does not consent to or understand the conditions, this Document and any copy of it must be returned immediately to Sapien Megalith.

The Document has not been and will not be, lodged with ASIC. Any invitation to purchase or subscribe for securities will be an offer that does not need disclosure for the purposes of section 708 of the Corporations Act.

This Document (and the information contained herein) is confidential to Sapien Megalith.

The Recipient has agreed that it will not transmit, reproduce or make available the Document, or any information contained in or associated with it to anyone without the prior written consent of Sapien Megalith, other than to the Recipient’s advisers, on a confidential basis for the purpose of assessing it as adviser to the Recipient.

The purpose of this Document is to provide the Recipient with information relating to the opportunity described herein. Despite that this Document has been prepared by Sapien Megalith, the Recipient must make its own independent assessment and investigation of the opportunity and should not rely on any statement or the adequacy or accuracy of any information contained in it or otherwise provided by Sapien Megalith.

The Document does not purport to contain all the information that the recipient may require in considering the opportunity and risks. In particular, the Document is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or any other law and does not contain or purport to contain all the information in relation to an investment in Sapien Megalith that would be contained in a prospectus, disclosure document or a product disclosure statement.

In all cases, before acting in reliance on any information, the Recipient should conduct its own investigation and analysis in relation to the opportunity and should check the accuracy, reliability and completeness of the information and obtain independent and specific advice from appropriate professional advisers.

The Document does not constitute investment, legal, taxation, financial product or other advice and the Document does not take into account your investment objectives, financial situation or particular needs. Recipients are responsible for forming their own opinions and conclusions on such matters and should make their own independent assessment of the opportunity and seek independent professional advice in relation to Sapien Megalith and any action taken on the basis of the Document.

This Document is not intended as an invitation, solicitation or recommendation and is not an offer capable of contractual acceptance by the Recipient. The furnishing of this Document to the Recipient does not oblige Sapien Megalith or any of its directors, employees, agents, advisors and consultants (“Personnel”) to enter into any negotiations, agreement or arrangement with any party.

To the maximum extent permitted by law, neither Sapien Megalith nor its Personnel make any representation or warranty (express or implied) as to the accuracy, reliability or completeness of the information contained in or referred to in this Document or otherwise provided by Sapien Megalith.

Sapien Megalith and its Personnel shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information, estimates, forecast or matters (express or implied) arising out of, contained in or derived from, or for any omissions from the Document or any other information provided by Sapien Megalith, except liability under statute that cannot be excluded.

If this Document contains forward looking statements they are subject to risk factors associated with the business. It is believed that the expectations reflected in these statements are reasonable but they may or may not be achieved and may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially.

The performance and operations of Sapien Megalith may be influenced by a number of factors, many of which are outside the control of Sapien Megalith and subject to uncertainties. No representation or warranty, expressed or implied, is made by Sapien Megalith or any of its Personnel that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Any investment in Sapien Megalith should be considered highly speculative.

An investment in Sapien Megalith is subject to investment and other known and unknown risks, some of which are beyond the control of Sapien Megalith, including possible loss of income and principal invested. Recipients should carefully review and consider the risks identified in this Document.

Material information may have changed since the date of this Document was compiled. Sapien Megalith is under no obligation to correct, update or revise the information contained in this Document or any other communications transmitted to the Recipient.

Sapien Megalith may, in its sole and absolute discretion, but without being under any obligation to do so, update or supplement this Document, alter the process, deal with one party to the exclusion of the others and may terminate any discussion at any time, without providing reasons to the Recipient.

In no circumstances will Sapien Megalith or any of its Personnel be responsible for any costs or expenses incurred by any Recipient in connection with any investigation or evaluation of Sapien Megalith.

All communications relating to this Document should be directed at first instance to Sapien Megalith.