# Notice

 \*For potential buyers in the People's Republic of China:

Only residents of the People's Republic of China are applicable (not including Hong Kong, Macau, and Taiwan for the purpose of this paper). It cannot be marketed, proposed, or sold directly or indirectly to the public of the People's Republic of China (hereinafter referred to as ‘PRC'), nor shall it be provided to the public of the PRC or used in connection with token purchases or information contained in this white paper, for the contracts that corresponded to the token purchase that have not been submitted to this white paper or to the China Securities Regulatory Commission, or the submitted data or information related to the tokens included in this white paper. The information contained in this white paper does not include sales proposals, invitations, advertisements, or recommendations for purchasing tokens from the PRC.

\*For potential buyers within the Singapore:

This white paper has not been registered as a prospectus to the Singapore Monetary Authority in accordance with Chapter 289 of the Securities and Futures Act of Singapore. Therefore, all other documents or materials related to the tokens, including token purchase proposals, sales, etc., cannot be disseminated or distributed, tokens cannot be proposed or sold, or directly or indirectly viewed or invited to Singapore with this white paper.

\*For potential buyers within the United Kingdom:

This white paper will be distributed and guided only to the following people: (1) Investment experts (the revised order within the meaning of Article 19 Section 5, the Financial Services and Market Act \[2000] (2005, hereinafter "FPO")); (2) the types of individuals or corporations specified in Article 49 of the FPO; (3) skilled accredited investors (within the meaning of Article 50 Section 1 of the FPO); and (4) all the others who can communicate legally (all such people will be called "Interested Party"). This white paper has not been approved by an authorized institute. Tokens related to this document are provided only to the Interested Parties. The tokens are sold only to the corresponding Interested Parties. The people who are not Interested Parties shall not take any action under this white paper and shall not rely on it.

 All individuals and corporations subject to sanctions by the United States, United Kingdom, or Singapore authorities at any time without restrictions, such as certain citizens of Belarus, Burundi, the Central African Republic, Cuba, Iran, North Korea, Somalia, Sudan, Darfur, Mali, the Republic of Guinea, the Republic of GuineaBissau, Syria, and Zimbabwe, cannot purchase XPASS tokens in any other way.

Existing laws related to distribution of the securities in certain countries, such as the United States, the People's Republic of China, the Republic of Korea, Canada, and Singapore, may prohibit the sale of tokens to the residents of those countries. The buyers should be aware of the restrictions on the token selling afterwards.

\*Know Your Customer(KYC) and Anti-Money Laundering(AML) Information

TC token buyers can purchase XPASS tokens only when they are identified with AntiMoney Laundering (hereinafter, "AML") and Know Your Customer (hereinafter, "KYC") procedures, and the company will not exchange tokens for fiat money. In addition, the company does not provide individual tokens management or wallet services. XPASS tokens can be traded in the third-party exchanges and provide buyers with opportunities to purchase tokens publicly in the future. The participants who want to purchase tokens after launch of the XPASS tokens must acquire tokens from the corresponding exchange. Conversely, if the token owners want to leave the X-PASS platform ecosystem, they will be able to sell XPASS tokens through the corresponding exchange.

\*No additional information or renewed matters

Regarding X-PASS, the company and the Related Companies, the related businesses and operations, and XPASS tokens, no such entity has the right to provide the information or statements not included in this white paper. Moreover, such information or statement shall not be taken as the basis of the permission by the company, or the permission received on behalf of the company.

\*No Advice

None of the contents in this white paper shall be considered as the business, legal, financial, and taxation advice regarding XPASS token, X-PASS, or the Related Companies. We encourage you to consult with the other relevant professional advisors for legal, financial, taxation, etc., regarding XPASS tokens, X-PASS companies, the Related Companies, and the related businesses and operations based on the laws and regulations in your jurisdiction. The financial risks due to XPASS token purchases can be applied indefinitely.

\*The language of the white paper

This white paper can be prepared in different languages. If the version does not match, the English version will be applied first.