Disclaimer

PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTIONCAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS ORTAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OROTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY INCONNECTION HEREWITH. NEITHER LOTUS INFORMATION, LTD. (THE COMPANY),ANY OF THE PROJECT TEAM MEMBERS (THE SIREN TEAM) WHO HAVEWORKED ON SIREN (AS DEFINED HEREIN) OR PROJECT TO DEVELOP SIREN INANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF SI TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANYKIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAYSUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE ATHTTPS://SIRENMARKETS.COM/ (THE WEBSITE) OR ANY OTHER WEBSITESOR MATERIALS PUBLISHED BY THE COMPANY.

Project purpose: You agree that you are acquiring SI toparticipate in SIREN and to obtain services on the ecosystem thereon.The Company, the Distributor and their respective affiliates woulddevelop and contribute to the underlying source code for SIREN. TheCompany is acting solely as an arms’ length third party in relationto the SI distribution, and not in the capacity as a financialadvisor or fiduciary of any person with regard to the distribution ofSI.

Nature of the Whitepaper: The Whitepaper and the Website areintended for general informational purposes only and do notconstitute a prospectus, an offer document, an offer of securities, asolicitation for investment, or any offer to sell any product, item,or asset (whether digital or otherwise). The information herein maynot be exhaustive and does not imply any element of a contractualrelationship. There is no assurance as to the accuracy orcompleteness of such information and no representation, warranty orundertaking is or purported to be provided as to the accuracy orcompleteness of such information. Where the Whitepaper or the Websiteincludes information that has been obtained from third party sources,the Company, the Distributor, their respective affiliates and/or theSiren team have not independently verified the accuracy orcompleteness of such information. Further, you acknowledge thatcircumstances may change and that the Whitepaper or the Website maybecome outdated as a result; and neither the Company nor theDistributor is under any obligation to update or correct thisdocument in connection therewith.

Token Documentation: Nothing in the Whitepaper or the Websiteconstitutes any offer by the Company, the Distributor, or the Sirenteam to sell any SI (as defined herein) nor shall it or any part ofit nor the fact of its presentation form the basis of, or be reliedupon in connection with, any contract or investment decision. Nothingcontained in the Whitepaper or the Website is or may be relied uponas a promise, representation or undertaking as to the futureperformance of SIREN. The agreement between the Distributor (or anythird party) and you, in relation to any distribution or transfer ofSI, is to be governed only by the separate terms and conditions ofsuch agreement.

The information set out in the Whitepaper and the Website is forcommunity discussion only and is not legally binding. No person isbound to enter into any contract or binding legal commitment inrelation to the acquisition of SI, and no digital asset or other formof payment is to be accepted on the basis of the Whitepaper or theWebsite. The agreement for distribution of SI and/or continuedholding of SI shall be governed by a separate set of Terms andConditions or Token Distribution Agreement (as the case may be)setting out the terms of such distribution and/or continued holdingof SI (the Terms and Conditions), which shall be separately providedto you or made available on the Website. The Terms and Conditionsmust be read together with the Whitepaper. In the event of anyinconsistencies between the Terms and Conditions and the Whitepaperor the Website, the Terms and Conditions shall prevail.

Siren token: In particular, it is highlighted that SI:

  1. does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
  2. is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates;
  3. does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to SIREN, the Company, the Distributor and/or their service providers;
  4. is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
  5. is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment;
  6. is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and
  7. does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates.

Notwithstanding the SI distribution, users have no economic or legalright over or beneficial interest in the assets of the Company, theDistributor, or any of their affiliates after the token distribution.

To the extent a secondary market or exchange for trading SI doesdevelop, it would be run and operated wholly independently of theCompany, the Distributor, the distribution of SI and SIREN. Neitherthe Company nor the Distributor will create such secondary marketsnor will either entity act as an exchange for SI.

Deemed Representations and Warranties: By accessing theWhitepaper or the Website (or any part thereof), you shall be deemedto represent and warrant to the Company, the Distributor, theirrespective affiliates, and the Siren team as follows:

  1. in any decision to acquire any SI, you have shall not rely on any statement set out in the Whitepaper or the Website;
  2. you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
  3. you acknowledge, understand and agree that SI may have no value, there is no guarantee or representation of value or liquidity for SI, and SI is not an investment product nor is it intended for any speculative investment whatsoever;
  4. none of the Company, the Distributor, their respective affiliates, and/or the Siren team members shall be responsible for or liable for the value of SI, the transferability and/or liquidity of SI and/or the availability of any market for SI through third parties or otherwise; and
  5. you acknowledge, understand and agree that you are not eligible to participate in the distribution of SI if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the distribution of SI would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America and the People's Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.

The Company, the Distributor and the Siren team do not and do notpurport to make, and hereby disclaims, all representations,warranties or undertaking to any entity or person (including withoutlimitation warranties as to the accuracy, completeness, timeliness,or reliability of the contents of the Whitepaper or the Website, orany other materials published by the Company or the Distributor). Tothe maximum extent permitted by law, the Company, the Distributor,their respective affiliates and service providers shall not be liablefor any indirect, special, incidental, consequential or other lossesof any kind, in tort, contract or otherwise (including, withoutlimitation, any liability arising from default or negligence on thepart of any of them, or any loss of revenue, income or profits, andloss of use or data) arising from the use of the Whitepaper or theWebsite, or any other materials published, or its contents (includingwithout limitation any errors or omissions) or otherwise arising inconnection with the same. Prospective acquirors of SI shouldcarefully consider and evaluate all risks and uncertainties(including financial and legal risks and uncertainties) associatedwith the distribution of SI, the Company, the Distributor and theSiren team.

Informational purposes only: The information set out herein isonly conceptual, and describes the future development goals for SIRENto be developed. In particular, the project roadmap in the Whitepaperis being shared in order to outline some of the plans of the Sirenteam, and is provided solely for INFORMATIONAL PURPOSES anddoes not constitute any binding commitment. Please do not rely onthis information in deciding whether to participate in the tokendistribution because ultimately, the development, release, and timingof any products, features or functionality remains at the solediscretion of the Company, the Distributor or their respectiveaffiliates, and is subject to change. Further, the Whitepaper or theWebsite may be amended or replaced from time to time. There are noobligations to update the Whitepaper or the Website, or to providerecipients with access to any information beyond what is providedherein.

Regulatory approval: No regulatory authority has examined orapproved, whether formally or informally, any of the information setout in the Whitepaper or the Website. No such action or assurance hasbeen or will be taken under the laws, regulatory requirements orrules of any jurisdiction. The publication, distribution ordissemination of the Whitepaper or the Website does not imply thatthe applicable laws, regulatory requirements or rules have beencomplied with.

Cautionary Note on forward-looking statements: All statementscontained herein, statements made in press releases or in any placeaccessible by the public and oral statements that may be made by theCompany, the Distributor and/or the Siren team, may constituteforward-looking statements (including statements regarding theintent, belief or current expectations with respect to marketconditions, business strategy and plans, financial condition,specific provisions and risk management practices). You are cautionednot to place undue reliance on these forward-looking statements giventhat these statements involve known and unknown risks, uncertaintiesand other factors that may cause the actual future results to bematerially different from that described by such forward-lookingstatements, and no independent third party has reviewed thereasonableness of any such statements or assumptions. Theseforward-looking statements are applicable only as of the dateindicated in the Whitepaper, and the Company, the Distributor as wellas the Siren team expressly disclaim any responsibility (whetherexpress or implied) to release any revisions to these forward-lookingstatements to reflect events after such date.

References to companies and platforms: The use of any companyand/or platform names or trademarks herein (save for those whichrelate to the Company, the Distributor or their respectiveaffiliates) does not imply any affiliation with, or endorsement by,any third party. References in the Whitepaper or the Website tospecific companies and platforms are for illustrative purposes only.

English language: The Whitepaper and the Website may betranslated into a language other than English for reference purposeonly and in the event of conflict or ambiguity between the Englishlanguage version and translated versions of the Whitepaper or theWebsite, the English language versions shall prevail. You acknowledgethat you have read and understood the English language version of theWhitepaper and the Website.

No Distribution: No part of the Whitepaper or the Website isto be copied, reproduced, distributed or disseminated in any waywithout the prior written consent of the Company or the Distributor.By attending any presentation on this Whitepaper or by accepting anyhard or soft copy of the Whitepaper, you agree to be bound by theforegoing limitations.