Common use of Operating History Clause in Contracts

Operating History. The Company has no operating history and will be operating in an evolving industry that may not develop as expected. A significant amount of further work is required in order to create the Tokens by the Company and implement the Platform by the Platform Operator and much of that work is reliant on the input or consent of other persons not under the control of the Company. Assessing the business and future prospects of the Company and the Platform Operator is challenging in light of the risks and difficulties the Company and the Platform Operator may encounter. These risks and difficulties include, but are not limited to, their ability to: - navigate complex and evolving regulatory and competitive environments; - obtain the requisite regulatory and other licenses in the relevant jurisdictions; - obtain and retain customers; - successfully develop, maintain and update internal controls to manage compliance within an evolving and complex regulatory environment; - effectively identify and react to market trends; - be involved in the successful development and deployment of the Platform; - implement new products and services; - successfully execute the Company’s funding strategy; - effectively compete with other companies; - successfully navigate economic conditions and fluctuations in the market; - effectively manage the growth of the business; - continue to develop, maintain and scale the Platform; - effectively use finite personnel and technology resources; - effectively maintain and scale financial and risk management controls and procedures; - maintain the security of technology infrastructure, and the confidentiality of the information provided and utilized therein; and - attract, integrate and retain qualified employees and contractors.

Operating History. The Company has no operating history and will be operating in an evolving industry that may not develop as expected. A significant amount of further work is required in order to create the Tokens by the Company and implement the Platform by Tokens into the Platform Operator Protocol and much of that work is reliant on the input or consent of other persons not under the control of the CompanyCompany or the owner of the Protocol. Assessing the business and future prospects of the Company and the Platform Operator is challenging in light of the risks and difficulties the Company and the Platform Operator owner of the Protocol may encounter. These risks and difficulties include, but are not limited to, their ability to: - navigate complex and evolving regulatory and competitive environments; - obtain the requisite regulatory and other licenses in the relevant jurisdictions; - obtain and retain customers; - successfully develop, maintain and update internal controls to manage compliance within an evolving and complex regulatory environment; - effectively identify and react to market trends; - be involved in the successful development and deployment of the PlatformProtocol; - implement new products and services; - successfully execute the Company’s funding strategy; - effectively compete with other companies; - successfully navigate economic conditions and fluctuations in the market; - effectively manage the growth of the business; - continue to develop, maintain and scale the PlatformProtocol; - effectively use finite personnel and technology resources; - effectively maintain and scale financial and risk management controls and procedures; - maintain the security of technology infrastructure, and the confidentiality of the information provided and utilized therein; and - attract, integrate and retain qualified employees and contractors.

Operating History. The Company has no operating history and will be operating in an evolving industry that may not develop as expected. A significant amount of further work is required in order to create the Tokens by the Company and implement the Platform by Tokens into the Platform Operator and much of that work is reliant on the input or consent of other persons not under the control of the CompanyCompany or the owner of the Platform. Assessing the business and future prospects of the Company and the Platform Operator is challenging in light of the risks and difficulties the Company and the owner of the Platform Operator may encounter. These risks and difficulties include, but are not limited to, their ability to: - navigate complex and evolving regulatory and competitive environments; - obtain the requisite regulatory and other licenses in the relevant jurisdictions; - obtain and retain customers; - successfully develop, maintain and update internal controls to manage compliance within an evolving and complex regulatory environment; - effectively identify and react to market trends; - be involved in the successful development and deployment of the Platform; - implement new products and services; - successfully execute the Company’s funding strategy; - effectively compete with other companies; - successfully navigate economic conditions and fluctuations in the market; - effectively manage the growth of the business; - continue to develop, maintain and scale the Platform; - effectively use finite personnel and technology resources; - effectively maintain and scale financial and risk management controls and procedures; - maintain the security of technology infrastructure, and the confidentiality of the information provided and utilized therein; and - attract, integrate and retain qualified employees and contractors.