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IMPORTANT NOTICE

This document has been prepared by Digital Asset Capital Management Inc (DACM, and together with its affiliates, related entities and subsidiaries, referred to as ‘we’, ‘our’ or ‘us’). It is for distribution to qualifying professional investors only to the extent permitted by law. It is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or would subject a DACM entity to any registration or licensing requirement within such jurisdiction.

This document is provided solely to recipients who are expressly authorized by DACM to receive it. If you are not so authorized you must immediately delete or destroy it.

DACM is registered as an ‘approved manager’ by the British Virgin Islands Financial Services Commission (FSC). It and any DACM managed fund is not licensed or subject to supervision of FSC or any other regulatory authority outside the British Virgin Islands, such that the requirements considered necessary for the protection of investors that apply to regulated funds in the British Virgin Islands do not apply to DACM or any DACM managed fund. This document has not been reviewed or approved by FSC or any other regulatory authority in any jurisdiction.

General information only. No advice or recommendation. This document does not constitute general advice or personal advice by DACM or any of its affiliated entities or funds in relation to a potential investment in any financial product. It is a general communication and is intended to be educational in nature. It is not an advertisement nor is it a solicitation or an offer to buy or sell any financial instruments, funds, coins or tokens (whether or not subject to securities regulation) or to participate in any particular trading strategy. In Australia, to the extent that this document may contain financial product advice, it is given by DACM Australia Pty Ltd ABN 50 624214 777 (DACM Australia), as corporate authorised representative No. 001293214 of Quay Wholesale Fund Services Pty Ltd AFSL 528526, only to ‘wholesale clients’ as defined under the Corporations Act 2001 (Cth). This document is not authorized for distribution to ‘retail clients’ as defined under the Corporations Act. To the maximum extent permitted by law, neither DACM Australia or Quay, nor their respective directors, employees or agents, accept any liability for any loss arising in relation to this document. Provision of this document is not, and should not be considered as, a recommendation in relation to an investment in any entity or that an investment in any entity is a suitable investment for any specific person. It does not take into account any person’s particular investment objectives, financial situation or needs.

Investment suitability. Recipients should make their own enquiries and evaluations they consider appropriate to determine the suitability of any investment (including regarding their investment objectives, financial situation, and particular needs) and should seek all necessary financial, legal, tax and investment advice. An investment in a DACM managed fund is subject to the fund’s offering memorandum, term sheet or other disclosure document, together with its memorandum and articles of association. Such an investment may be deemed speculative and high risk and should not be regarded as a complete investment program. Digital assets are subject to a range of specific risks associated with their particular features, in addition to the risks of investing in funds or financial assets generally, such as certain regulatory, technology, custody, price, valuation, liquidity, cybersecurity, exchange and market risks. An investment in a DACM fund may present a greater risk to an investor than investment in a regulated fund in the British Virgin Islands or elsewhere. The funds’ investments are subject to substantial market fluctuations and there can be no assurance that appreciation will occur or that material losses will not be realized. The value of investments may fall as well as rise. Past performance is not an indicator of future performance. DACM funds that are open for subscriptions are only available to qualifying professional or accredited investors in selected jurisdictions where an offer of shares is authorized under applicable law and the terms of the offering memorandum. They are designed only for experienced and sophisticated investors who are able to bear the risk of the substantial impairment or loss of an investment in the fund.

Material interests. We and our shareholders, directors, officers and/or employees may have material holdings in the investment funds, projects, coins or tokens referred to and may otherwise be interested in transactions that you effect in those funds. Our actual investment positions may not reflect some or all of the views presented due to a range of possible factors, such as client or fund investment restrictions, liquidity factors, portfolio rebalancing and transaction costs, among others.

No liability. DACM, its affiliated entities and funds, and their respective directors, related parties, representatives and employees, do not accept any liability for the results of any actions taken or not taken on the basis of information in this document, or for any misstatements, errors or omissions negligent or

otherwise, to the maximum extent permitted by law. No legal or other commitments or obligations shall arise by reason of the provision of this document or its contents except to the extent required by law.

Incomplete information. This document contains selected information and does not purport to be all-inclusive or contain all relevant information in relation to its subject matter. The information has not been independently verified and is provided on the basis that it will not be relied upon and that the recipient is capable of making its own independent assessment as to the validity and accuracy of the financial assumptions, data, results, calculations and forecasts contained, presented or referred to in the document, and the economic, financial, regulatory, legal, taxation, accounting and other implications of such. No independent third-party audit or review has been obtained or verified as having been undertaken by any third party of the sources, financial assumptions, data, results, calculations and forecasts contained, presented or referred to in this document. DACM does not undertake to update or keep current any information in the document.

Links. This document may provide links to websites and when you click on one of these links, you may be redirected to another provider's website. The inclusion of any link does not imply our endorsement or our adoption of the statements on the linked site or of the operator of the site. Linked sites and their providers are not controlled by us, and we are not responsible for their actions or the contents or the proper operation of any linked site. The links may not remain current or be maintained. We make no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality, sequence or timeliness of any electronic content.

Forward statements. This document may contain forward-looking statements, forecasts, historical performance, estimates, projections and opinions (Forward Statements). No representation is made or will be made that any Forward Statements will be achieved or are correct. Actual future results and operations could vary materially from the Forward Statements. Any projections or statements of past performance are provided for general reference purposes and Forward Statements may be based on assumptions relating to the general economy, markets or other factors beyond the control or knowledge of DACM. No representation is given that the assumptions disclosed in this document upon which Forward Statements may be based are reasonable, or that any prices or valuations provided represent DACM’s internal records or that a transaction can or could have been be effected at those prices or values. Any opinions expressed in this document may change without notice and may differ or be contrary to opinions expressed by other DACM representatives or documents. Any statements or data attributed to a third party represent DACM’s interpretation and have not been reviewed by the third party. Facts and circumstances may change and the contents of this report may become outdated or incorrect as a result.

Proprietary information. This document and its contents (including all DACM intellectual property) are propriety to DACM, and must not be reproduced, delivered or disclosed, in whole or in part, to any party other than the authorized recipient to whom this document is addressed, except with the prior written approval of DACM. Images or other data sourced from third parties may contain objects, data or elements that are protected by third-party copyright, trademarks and other intellectual property rights.

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