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DISCLAIMER

PLEASE READ THIS DISCLAIMER SECTION CAREFULLY.

YOU SHOULD CONSULT YOUR OWN ADVISORS CONCERNING THE LEGAL, TAX, ECONOMIC, FINANCIAL AND OTHER ASPECTS ASSOCIATED WITH THE BR2EX TOKEN.

THIS WHITE PAPER DOES NOT BY ANY MEANS CONSTITUTE AN OFFER FOR THE SALE OF BR2EX TOKENS. THE ISSUER IS, THEREFORE, NOT SEEKING OR ACCEPTING ANY FURTHER FUNDING.

The BR2EX coin is classified as a ‘Virtual Financial Asset’ in terms of the ‘Virtual Financial Assets Act’ (Chapter 590 of the Laws of Malta) (the ‘VFA Act’ or VFAA).

The BR2EX token does not possess any necessary characteristic required to be considered a transferable security, money market instrument, unit in collective investment schemes, a digital currency/eletronic money, commodity, derivative, security or any other form of investment in any jurisdiction.

This ‘white paper’ is compiled in accordance with the requirements and provisions of the VFA Act. As at the date of the official publication this whitepaper has already been registered at the ‘Malta Financial Services Authority’ (MFSA), and the listing process of BR2EX on DLT exchanges is been conducted in line with the relevant obligations underlined by the laws of Malta.

This white paper does not constitute a prospectus or offering document and is not a solicitation for investment and does not constitute an offer of financial instruments, securities to the public or a collective investment scheme. Therefore, the specific requirements of the VFA Act about Initial Virtual Financial Assets Offering (IVFAO) are not applicable to this White Paper.

The Issuer reserves the right to (i) make changes to this white paper and any documents linked to the BR2EX to ensure compliance with the applicable regulatory requirements and (ii) do all that is necessary to be in compliance with any regulatory requirements, including but not limited to, interrupting, suspending or ceasing the operations or trading of the BR2EX token if deemed necessary at the Issuer’s sole discretion.

It is solely up to the DLT exchange partner of the Programa Ouro Digital (POD) - related to the BR2EX Coin - and its clients to ensure that no prior or subsequent approval, notification, registration or licence is needed or if such is needed, it is solely up to the partner or its clients to obtain such prior or subsequent approval, notification, registration or licence or require any form in the country where the partner and its clients are a citizen, national, resident or having a similar connecting factor, or incorporated, registered or effectively managed, and the Issuer shall not in any way be liable for any non-conformity of the above by the partner and its clients.

The holding, use and trading of the BR2EX token carries no rights, whether express or implied, other than for their use for trading on DLT exchanges that joined the POD program to use the BR2EX as a medium of exchange inside their platforms.

The BR2EX coins do not represent or confer any ownership right or stake, share or security or equivalent rights, intellectual property rights or any other form of participation relating to the issuer. The BR2EX coins do not give any entitlement to acquire any such interest or entitlement in respect of the issuer.

The BR2EX coins are not available to (i) a natural person being a citizen, national, resident or having a similar connecting factor to; or (ii) a juridical person being incorporated, registered or effectively managed and controlled from or within a country, jurisdiction or territory where the private placement or the holding and use of the BR2EX and/or virtual currency or other tokens at any other moment in time is prohibited by laws, regulations or other practices and policies in the said country, jurisdiction or territory where the aforementioned are prohibited The Issuer’s administrator, as identified in this white paper, is the person responsible for the information contained in this white paper.

To the best of knowledge and belief of the Issuer’s administrator (who has taken reasonable care to ensure, such is the case), the information contained in this white paper is in accordance with the facts and does not omit anything likely to affect the importance of such information. The Issuer’s administrator accepts responsibility accordingly.

To the maximum extent permitted by the applicable laws, regulations and rules, the issuer of BRX LTD shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, but not limited to, loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this White paper or any part thereof.

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