Ultiverse is currently in the initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring $ULTI, holding $ULTI, and using $ULTI for participation in Ultiverse. In the worst scenario, this could lead to the loss of all or part of $ULTI held. IF YOU DECIDE TO ACQUIRE $ULTI OR PARTICIPATE IN ULTIVERSE, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:

Uncertain Regulations and Enforcement Actions: The regulatory status of Ultiverse, $ULTI and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including $ULTI and/or Ultiverse. Regulatory actions could negatively impact $ULTI and/or Ultiverse in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors to mitigate the legal risks as much as possible, the Company and Distributor have worked with the specialist blockchain department at GS Legal LLC and obtained a legal opinion on the token distribution, and will be conducting business in accordance with the prevailing market practice.

Inadequate disclosure of information: As at the date hereof, Ultiverse is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this material contains the most current information relating to Ultiverse, it is not absolutely complete and may still be adjusted and updated by the Ultiverse Project Contributors from time to time. The Ultiverse Project Contributors has neither the ability nor obligation to keep holders of $ULTI informed of every detail (including development progress and expected milestones) regarding the project to develop Ultiverse, hence insufficient information disclosure is inevitable and reasonable.

Failure to develop: There is the risk that the development of Ultiverse will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or $ULTI, unforeseen technical difficulties, and shortage of development funds for activities.

Security weaknesses: Hackers or other malicious groups or organisations may attempt to interfere with $ULTI and/or Ultiverse in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of $ULTI and/or Ultiverse, which could negatively affect $ULTI and/or Ultiverse. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to $ULTI and/or Ultiverse by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.

Risk of Dissolution: Start-up companies such as the Company, the Distributor or their affiliates involve a high degree of risk. Financial and operating risks confronting start-up companies are significant, and the aforementioned entities are not immune to these. Start-up companies often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved. It is possible that, due to any number of reasons, including, but not limited to, an unfavourable fluctuation in the value of cryptographic and fiat currencies, decrease in the utility of $ULTI due to negative adoption of Ultiverse, the failure of commercial relationships, or intellectual property ownership related challenges, Ultiverse may no longer be viable to operate and the Company, the Distributor or their affiliates may be dissolved.

Other risks: In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in Ultiverse, as well as acquisition of, holding and use of $ULTI, including those that the Company or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the Ultiverse Project Contributors, as well as understand the overall framework, mission and vision for Ultiverse prior to participating in the same and/or acquiring $ULTI.

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