Important Notices & Disclaimers

In this section, “Company” means THAT COIN PTY LTD (ACN 653 947 454) and “THAT” means the digital token described in this whitepaper, unless the context requires otherwise.

Status of this document

This whitepaper is provided for general information purposes only. It is a descriptive document about the current design and intended operation of THAT and the THAT app as at the date of publication. It is not, and is not intended to be:

• a prospectus, product disclosure statement or other regulated offering document

• an offer, invitation, solicitation or recommendation to subscribe for, purchase, sell or otherwise deal in any securities, financial products or interests in a managed investment scheme, or

• a document required to be, or that will be, lodged with any regulator.

The Company may update, supplement or amend this whitepaper from time to time. Any such changes may not be notified to all recipients individually.

No financial product, legal or tax advice

Nothing in this whitepaper is intended to constitute, and must not be taken as:

• financial product advice

• investment, legal, tax, accounting or other professional advice, or

• a recommendation or opinion that any person acquire, hold or use THAT or any other digital asset.

This document has been prepared without taking into account the objectives, financial situation or needs of any particular person. Before making any decision in relation to THAT or the THAT app, readers should:

• make their own enquiries

• consider their own objectives, financial situation and needs, and

• obtain independent professional advice, including legal, tax and financial advice, as appropriate.

No rights to profits, equity or control

Acquiring or holding THAT does not give the holder any right to:

• equity, shares or other ownership interest in the Company or any other entity

• dividends, interest, profit-sharing or other distributions

• repayment of capital or any particular return, or

• participate in the management, governance or direction of the Company or any pooled enterprise.

THAT is not designed or intended to be a security, interest in a managed investment scheme, derivative, or other regulated financial product. However, only regulators and courts can make definitive determinations about classification in any jurisdiction.

Accuracy and reliability of information

The Company has taken reasonable care to ensure that information in this whitepaper is accurate and based on sources believed to be reliable as at the date of publication. However:

• information may be incomplete, summarized or subject to change

• assumptions, diagrams and descriptions are provided for explanatory purposes only, and

• the Company does not represent or warrant (expressly or impliedly) that the information is accurate, complete, up to date or suitable for any particular purpose.

To the maximum extent permitted by law, the Company and its directors, officers, employees, contractors and agents expressly disclaim any liability arising from or in connection with the use of, or reliance on, this whitepaper or any information contained in it.

Forward-looking statements

This whitepaper may contain statements about future plans, expectations, projections, roadmaps or other forward-looking statements. These statements are based on the Company’s current views, assumptions and information available at the time of writing, and involve known and unknown risks and uncertainties.

Actual results, development progress, regulatory outcomes and market conditions may differ materially from those expressed or implied in any forward-looking statements. Forward-looking statements are not guarantees of performance or outcomes. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this whitepaper, except as required by law.

Digital asset risks

Digital assets, including THAT, involve a high degree of risk. These risks include, without limitation:

• market volatility and the potential for large and sudden changes in price

• limited liquidity or the inability to buy or sell at a desired time or price

• technology risks, including bugs, exploits, network outages or other failures in smart contracts, blockchain networks, wallets, bridges or related infrastructure

• regulatory changes that may affect the legality, treatment or usability of digital assets in one or more jurisdictions, and

• operational and security risks, including loss or theft of private keys or seed phrases.

The value of THAT may fluctuate significantly or fall to zero. Persons who acquire THAT should be prepared to bear the financial risk of holding THAT for an indefinite period and the risk of partial or total loss.

Wallets, keys and user responsibility

The THAT app is designed as a non-custodial wallet interface. Users are solely responsible for:

• the security of their devices, wallets and recovery information

• maintaining accurate backups of their mnemonic (seed) phrase and any other recovery data, and

• taking reasonable steps to protect against phishing, scams and unauthorized access.

If a user loses their seed phrase or private keys, or if their device or credentials are compromised, access to their digital assets (including THAT) may be permanently lost. The Company does not have access to users’ private keys, cannot recover lost keys or reverse transactions, and does not guarantee the security of any particular storage method, device or third-party service.

Limitation of liability

To the fullest extent permitted by applicable law, the Company and its affiliates, directors, officers, employees, consultants and agents:

• disclaim all liability for any loss, damage, claim or expense (including, without limitation, direct, indirect, incidental, special, consequential or exemplary damages, loss of profits, loss of data or loss of business opportunity) arising out of or in connection with this whitepaper, the use or performance of the THAT app, or the acquisition, holding or use of THAT, and

• are not responsible for any acts or omissions of third parties, including exchanges, on-ramp or off-ramp providers, wallet providers, node operators, bridge operators, indexers, block explorers or any other independent service providers.

Nothing in this section excludes or limits any liability that cannot be excluded or limited under applicable law. Where liability cannot be excluded but can be limited, the Company’s liability will be limited to the maximum extent permitted by law.