Risks

*Notice for the future anticipation statements

(a) The certain expressions written in this white paper contain future anticipation statements regarding the project's future, future incidences, and prospects. Such contents are not statements based on the historical truth, and similar expressions distinguish it from the words, including 'prediction,' 'estimation,' 'belief,' 'expectation,' 'prospect,' and 'expectation.' Other public data, including presentation data, interviews, and videos other than this white paper, can also contain future anticipation statements. The future anticipation statements included in this white paper contain, but not limited to, X-PASS and the Related Companies' future results, performances, and achievements.

(b) Future anticipation statements contain various risks and uncertainty. Such statements do not guarantee the future result; therefore, you should not rely on them excessively. If the risks and uncertainty are realized, X-PASS and the Related Companies' actual results and development can differ from the expectation set by the future anticipation statement. Even if there is a change in such circumstances in the future, X-PASS and the Related Companies have no obligation to provide updates for the future anticipation statements. If you act based on this white paper and the future anticipation statements included in X-PASS and the Related Companies' web sites and other data, you will be solely responsible for the content of future anticipation statements that did not come true.

(c) Based on the date this white paper was written, the X-PASS platform is not completed or not in a completely operating state. This description has been written under the premise that the X-PASS platform will be completed and will be completely operable in the future, but this shall not be interpreted as a guarantee or pledge regarding the platform's completion or complete operation

*Potential risks

(a) Before you decide to purchase and participate in XPASS Token, we recommend reading the content below carefully and analyzing and understanding the related elements and risks thoroughly. The risks may include, but not limited to the following: (b) X-PASS and the Related Companies' businesses, financial states, operation results, and prospects can be effectively and negatively influenced if the above risks and uncertainties develop into actual circumstances. In such cases, you may lose parts of or the whole XPASS token value.

• Potential risks

• (1) The purchaser's mistake risks about the XPASS token access limit due to verification information loss, and the essential individual key loss related to the digital wallet that stored the XPASS token;

• (2) The value change risks after the XPASS token was issued due to global market and economic circumstances. X-PASS team may not be available to support the funds required for the X-PASS platform ecosystem development due to the XPASS token value's uncertainty or sustain the X-PASS platform ecosystem in the intended direction;

• (3) The risks related to the changes in politics, society and economic environments, the changes in stock or cryptocurrency market environment, the changes in the nation's regulatory environment that X-PASS and the Related Companies operate their businesses, and the changes in the ability, which X-PASS and the Related Companies can survive or compete in such environment. Blockchain technology-related existing or new regulations, which are against XPASS tokens, can be applied in certain jurisdictions. Following this, there can be significant changes in the X-PASS platform ecosystem and projects, such as XPASS token delisting or loss;

• (4) The risks related to the changes of the future capital requirements of X-PASS and the Related Companies and the changes of the capital and fund-raising possibilities to meet the requirements. Insufficiency of funds can influence the use and potential value of the X-PASS platform development and XPASS token

(5) X-PASS project activity suspension, dissolution or launching plan suspension due to various causes, including but not limited to XPASS token value's adverse changes, business-related failure and rival company's intellectual property right claim during development or operation, which could negatively influence the potential usage of the X-PASS platform ecosystem, XPASS token, and XPASS token; (6) The risks related to the absence of interest from corporations, individuals, and other organizations in the X-PASS platform and service and related to public’s limited interest in the creation and development of the distributed application. Such an absence of interest could limit the fund raising or could influence X-PASS platform development and the use and the potential value of XPASS token; (7) The risks of applying big changes to XPASS token or X-PASS platform's major functions and standards before implementing the X-PASS project and X-PASS platform ecosystem. X-PASS team intends XPASS token and X-PASS platform's functions to match this white paper's content but nevertheless they can be changed or modified; (8) The competing risks with other platforms that can potentially influence XPASS tokens and X-PASS platforms negatively (e.g., a failure to succeed in the business or the prospect is gloomy due to the competing project); (9) The risk that the third party or other individuals push harmful and malicious codes into the X-PASS platform intentionally or unintentionally to interrupt the X-PASS platform infrastructure and XPASS token use. These act as a risk to the platform and the related service operation as the Blockchain used in the platform can also be vulnerable to such attacks; (10) Force Majeure events such as irresistible natural disasters could influence the X-PASS and the Related Companies' business operation and other uncontrollable factors. Mining attacks, hacker or other individuals' attacks may cause theft and loss of XPASS token sales profits, theft and loss of XPASS tokens, and disrupt X-PASS platform ecosystem development capability; (11) XPASS tokens and other cryptocurrencies are new technologies that have not been completely proven yet, and they are continuously developing. The XPASS token's complete function has not been completed yet, and there is no guarantee of completion. As technology is being developed, encryption technology and method improvement, agreement protocol, and algorithm changes can act as risks to XPASS token, XPASS token sales, X-PASS project, X-PASS platform ecosystem, and XPASS token use; (12) XPASS tokens do not give other entities any right to decide on the X-PASS project and X-PASS ecosystem. All the decision-making, including suspension of X-PASS products, services and X-PASS ecosystem and the additional minting, sales, disposal and settlement of XPASS tokens used in the X-PASS ecosystem, is fulfilled at the discretion of X-PASS PTE. LTD. 's discretion; (13) XPASS token's tax and accounting processes are uncertain, and they can differ by jurisdiction. XPASS token purchases may negatively influence the tax process and it is recommended to have an independent tax consultation. Other than the risks specified above, other risks that X-PASS and the Related Companies cannot predict may exist. In addition, the risks of unpredicted combinations and changes may also come into existence

(b) X-PASS and the Related Companies' businesses, financial states, operation results, and prospects can be effectively and negatively influenced if the above risks and uncertainties develop into actual circumstances. In such cases, you may lose parts of or the whole XPASS token value.