IMPORTANT INFORMATION FOR RECIPIENTS OF THE WHITEPAPER AND POTENTIAL CONTRIBUTORS TO THE TOKEN SALE



THE NHCT ECOSYSTEM PROJECT AS ENVISAGED IN THE WHITEPAPER IS UNDER DEVELOPMENT AND IS BEING CONSTANTLY UPDATED, INCLUDING BUT NOT LIMITED TO KEY GOVERNANCE AND TECHNICAL FEATURES. ACCORDINGLY, IF AND WHEN THE PROJECT IS COMPLETED, IT MAY DIFFER SIGNIFICANTLY FROM THE PROJECT SET OUT IN THIS WHITEPAPER.

THE TOKENS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER LAW OR REGULATION GOVERNING THE OFFERING, SALE OR EXCHANGE OF SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE COMPANY PRESENTLY EXPECTS THAT THE SALE OF THE TOKENS WILL BE MADE (1) INSIDE THE UNITED STATES TO “ACCREDITED INVESTORS” (AS DEFINED IN SECTION 501 OF THE SECURITIES ACT) IN RELIANCE ON REGULATION D UNDER THE SECURITIES ACT TO U.S. PERSONS (AS DEFINED IN SECTION 902 OF REGULATION S UNDER THE SECURITIES ACT) AND (2) OUTSIDE THE UNITED STATES TO NON-U.S. PERSONS IN RELIANCE ON REGULATION S.

U.S. PERSONS WILL BE REQUIRED TO SUBMIT DOCUMENTATION TO PROVE HIS OR HER STATUS AS AN ACCREDITED INVESTOR.

THE PURCHASER’S TOKENS WILL BE SUBJECT TO TRANSFER RESTRICTIONS, INCLUDING PERIODS DURING WHICH THE PURCHASERS WILL NOT BE ABLE TO SELL OR OTHERWISE TRANSFER THE TOKENS. FOR MORE INFORMATION ON THE LIMITATIONS ON THE TOKENS’ TRANSFERABILITY SEE SECTION OF THE MEMORANDUM UNDER THE HEADING “TRANSFER RESTRICTIONS.”

PURCHASING THE TOKENS IS SUBJECT TO MANY POTENTIAL RISKS AND MAY INVOLVE SPECIAL RISKS THAT COULD LEAD TO A LOSS OF ALL OR A SUBSTANTIAL PORTION OF THE TOKEN PURCHASER’S FUNDS USED TO PARTICIPATE IN THE TOKEN SALE. SOME OF THESE RISKS WILL BE DESCRIBED IN THE TOKEN SALE DOCUMENTS, INCLUDING THE MEMORANDUM.

EACH RECIPIENT OF THIS WHITEPAPER SHOULD RELY SOLELY ON HIS OR HER OWN KNOWLEDGE, INVESTIGATION, JUDGMENT, AND ASSESSMENT OF THE MATTERS DISCUSSED HEREIN AND ON ANY INFORMATION THAT IS MADE AVAILABLE IN CONNECTION WITH ANY FURTHER INQUIRIES ON THE PART OF SUCH RECIPIENT AND MUST SATISFY HIMSELF OR HERSELF AS TO THE ACCURACY AND COMPLETENESS OF ANY SUCH INFORMATION. THE RECIPIENT SHOULD UNDERSTAND THE ESSENCE, USE, DETAILS, INTRICACIES, AND RISKS OF CRYPTOCURRENCIES, CRYPTOGRAPHIC TOKENS, AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS BEFORE MAKING ANY TOKEN PURCHASE.

NO PROMISES OF FUTURE PERFORMANCE OR VALUE ARE OR WILL BE MADE WITH RESPECT TO THE TOKENS, INCLUDING NO PROMISE OF INHERENT VALUE, NO PROMISE OF CONTINUING PAYMENTS, AND NO GUARANTEE THAT THE TOKENS WILL HOLD ANY PARTICULAR VALUE. UNLESS PROSPECTIVE PURCHASERS FULLY UNDERSTAND AND ACCEPT THE NATURE OF THE TOKENS AND THE POTENTIAL RISKS INHERENT IN THE TOKENS, THEY SHOULD NOT PURCHASER ANY OF THE TOKENS.

OWNERSHIP OF THE TOKENS WILL CARRY NO RIGHTS, WHETHER EXPRESS OR IMPLIED, OTHER THAN A LIMITED POTENTIAL FUTURE RIGHT OR EXPECTATION TO USE THE TOKENS AS SET FORTH IN THIS WHITEPAPER AND TOKEN SALE DOCUMENTS.

THE RECIPIENT ACKNOWLEDGES, UNDERSTANDS, AND AGREES THAT TO THE EXTENT THE TOKENS ARE DEEMED TO BE SECURITIES UNDER THE LAWS OF ANY JURISDICTION IN WHICH THE TOKENS ARE TO BE TRADED OR SUBJECT TO TRANSFER, SUCH TRADES OR TRANSFERS OF THE TOKENS MAY BE RESTRICTED BY SUCH LAWS.

THE TOKENS COULD BE IMPACTED BY REGULATORY ACTION, INCLUDING POTENTIAL RESTRICTIONS ON THE OWNERSHIP, USE, OR POSSESSION OF THE TOKENS. REGULATORS OR OTHER CIRCUMSTANCES MAY DEMAND THAT THE MECHANICS OF THE TOKENS BE ALTERED, ALL OR IN PART. THE COMPANY MAY REVISE MECHANICS TO COMPLY WITH REGULATORY REQUIREMENTS OR OTHER GOVERNMENTAL OR BUSINESS OBLIGATIONS.

THE COMPANY INTENDS TO OPERATE IN FULL COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS AND OBTAIN THE NECESSARY LICENCES AND APPROVALS AS MAY BE REQUIRED IN ITS OPINION IN KEY MARKETS. THIS MEANS THAT THE DEVELOPMENT AND ROLL-OUT OF ALL THE FEATURES OF THE NHCT ECOSYSTEM AS DESCRIBED IN THIS WHITEPAPER ARE NOT GUARANTEED. REGULATORY LICENCES OR APPROVALS MAY BE REQUIRED IN A NUMBER OF RELEVANT JURISDICTIONS IN WHICH RELEVANT ACTIVITIES MAY TAKE PLACE. IT IS NOT POSSIBLE TO GUARANTEE, AND NO PERSON MAKES ANY ASSURANCES, THAT ANY SUCH LICENCES OR APPROVALS WILL BE OBTAINED WITHIN A PARTICULAR TIMEFRAME OR AT ALL. THIS MEANS THAT THE TOKENS AND OTHER FEATURES OF THE NHCT ECOSYSTEM MAY NOT BE AVAILABLE IN CERTAIN MARKETS, OR AT ALL. THIS COULD REQUIRE RESTRUCTURING OF THE NHCT ECOSYSTEM OR RESULT IN ITS UNAVAILABILITY IN ALL OR CERTAIN RESPECTS.