Disclaimer

IMPORTANT: PLEASE READ THIS DISCLAIMER CAREFULLY.

This documentation is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this documentation does not constitute investment advice or counsel or solicitation for investment in any security and should not be construed in that manner.

This documentation does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the PATH tokens to purchase any PATH tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.

PATH tokens are not intended to constitute securities in any jurisdiction. This documentation does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.

No regulatory authority has examined or approved any of the information set out in this documentation. No such action has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of this documentation does not imply compliance with applicable laws, regulatory requirements, or rules.

THERE ARE RISKS AND UNCERTAINTIES ASSOCIATED WITH PATH PROTOCOL AND/OR THE DISTRIBUTOR/VENDOR AND THEIR RESPECTIVE BUSINESSES AND OPERATIONS, THE PATH TOKENS, AND THE PATH TOKEN SALE.

Please refer to Section 13 for detailed risk factors.