NATURE OF FILIPCOIN AND TOKEN SALE

The Token Sale covered by these T&Cs involves the sale of virtual tokens, referred to as the “FILIPCOIN.”

Functional Utility Virtual Tokens akin to Digital Assets

FILIPCOINs are intended to be functional utility tokens designed to operate in our ecosystem. Tokens are sold as digital assets, similar to downloadable software, digital music, and the like. FILIPCOINs allow owners access to our ecosystem and pay for the services we offer. At the time of sale and distribution, FILIPCOIN holders gain mandatory and automatic access to our first fully developed and functional project: the FILIPWORKS. While we do intend to add functionalities to the FILIPWORKS and progressively integrate it into the BINANCE blockchain, and while we intend to develop additional projects such as the FILIPAY, among other projects pipelined in the Whitepaper, our intention is primarily driven by our mission, which is to revolutionize the service economy through the development of blockchain-based systems in this sector. We are not undertaking to do so for the purpose of increasing the value of the FILIPCOIN for holders, traders, or users, or to create an electronic currency, a payment system, or a commodity for futures contracts. As functional utility tokens, FILIPCOINs are designed for use in our ecosystem.

The Buyers’ attention is called to the fact that purchasing FILIPCOINs does not confer automatic access to all of the projects lined up in the Whitepaper. FILIPCOINs may not be used before the effective launch of the FILIPAY project, and the rest of the projects lined up in the Whitepaper. FILIPCOINs will not be reimbursed if the service platform for these projects, including the added functionalities of the FILIPWORKS and its full integration into the BINANCE blockchain, are not successfully launched, or do not operate on a permanent basis. You acknowledge that this is a significant risk, and you accept it.

Not Intended to be Securities

FILIPCOINs are not intended to constitute or to function as securities in any jurisdiction. FILIPCOINs do not entitle the owner to any equity, governance, voting or similar rights or entitlement in the Company. There are no redemption or repayment obligations similar to debt securities. The purchase of FILIPCOINS through this Token Sale is not intended to constitute an investment contract.

You are strongly advised not to purchase FILIPCOIN if you are driven by a speculation of profit from the possible increase in market value, based on data and forward-looking statements in the Whitepaper regarding our projects. You are advised to purchase FILIPCOIN primarily because you intend to use the FILIPWORKS, which is already functional, and to contribute to the blockchain community that we are building in the service economy sector. Please note that if we do not succeed in adding additional functionalities to the FILIPWORKS and integrating it into the BINANCE blockchain, or in operationalizing FILIPAY, or any of the projects contemplated in the Whitepaper, you will not receive a refund for the purchase of the FILIPCOINs or payment of lost earnings or profit which you may have speculated at the time when you purchased a FILIPCOIN.

The Buyer accepts and acknowledges that FILIPCOINs do not entitle their owners:

• to participate in any decision or vote within the Company;

• to benefit from the Company’s profits or results of our efforts; or

• to derive any economic or other gain from the Company.

The Buyer therefore acknowledges that they are fully aware that FILIPCOINs are in no way associated with ownership rights, voting rights or dividend rights, and that they do not constitute shares in the Company or in any other comparable asset. Consequently, this document does not constitute an offer or an invitation to sell shares, securities or rights belonging to the Company.

Not Electronic Currency nor a Replacement for Fiat Currency

While FILIPCOINs may be exchanged with other cryptocurrencies and eventually into fiat currency, we do not intend FILIPCOINs to serve as electronic currency or a replacement for fiat currency in any country or jurisdiction. FILIPCOINs are not accepted as legal tender or currency outside our ecosystem and do not have a fixed exchange value equal to the amount delivered at the time of its issue.

Not a Payment Service or Commodity Futures Contract

The Token Sale does not involve the purchase/sale of FILIPCOINs for future delivery and our business does not consist in receiving currencies against the delivery of FILIPCOINs. As such, a FILIPCOIN is not a means of payment.

The FILIPCOIN is not intended for making futures contracts, or for the purpose of making contracts for the purchase and sale of FILIPCOINs for future delivery, but instead of making an actual delivery, only the margins based on the changes of its market value are paid. The trading of the FILIPCOINS is merely an incidental or a supplementary feature of owning FILIPCOINS. The creation of FILIPCOINS is driven primarily by our mission to revolutionize the service economy sector by developing applications that serve that sector using the BINANCE blockchain.