2019-03-01 - GLX Offering Memorandum - Reg - CF

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OFFERING SUMMARY

T h e fo l l o w i n g d e s c r i p t i o n o f c e r t a i n m a t t e r s re l a t i n g t o t h e s e c u r i t i e s o f t h e C o m p a ny d o e s n o t p u r p o r t t o b e c o m p l e t e a n d i s s u b j e c t i n a l l re s p e c t s t o a p p l i c a b l e N e va d a l a w a n d t o t h e p rov i s i o n s o f t h e C o m p a ny ’s A r t i c l e s o f I n c o r p o ra t i o n a n d B y l a w s . C l a s s A To ke n h o l d e r s d o n o t h a ve p re e m p t i ve r i g h t s o r r i g h t s t o c o nve r t t h e i r To k e n s i n t o o t h e r s e c u r i t i e s . To k e n h o l d e r s h a ve n o c l a i m o n a s s e t s i f t h e c o m p a ny e n t e r s l i q u i d a t i o n , d i s s o l u t i o n o r w i n d i n g u p o p e ra t i o n s . 1 0 0 % o f t h e To ke n s a re b e i n g s o l d t o ra i s e ex p a n s i o n c a p i t a l fo r t h e C o m p a ny. OVERVIEW OF TRANSFER RESTRICTIONS INCLUDED IN THIS OFFERING MEMORANDUM T h i s O f fe r i n g M e m o ra n d u m d e s c r i b e s t h e l e g a l a n d c o n t ra c t u a l t ra n s fe r re s t r i c t i o n s a p p l i c a b l e t o t h e S e c u r i t i e s . I nve s t o r s s h o u l d c a re f u l l y re v i e w t h i s O f fe r i n g M e m o ra n d u m , i n c l u d i n g t h e t ra n s fe r re s t r i c t i o n s d e s c r i b e d u n d e r “ N o t i c e t o Pu rc h a s e r s ” , t h e D i s c l a i m e r s : Te r m s a n d C o n d i t i o n s o f t h e To k e n s , w h i c h c o n t a i n i m p o r t a n t i n fo r m a t i o n re g a rd i n g t h e S e c u r i t i e s . I nve s t o rs s h o u l d c o n s u l t w i t h t h e i r o w n l e g a l a n d f i n a n c i a l a d v i s o rs re g a rd i n g t h e t ra n s fe r re s t r i c t i o n s t o w h i c h t h e y w i l l b e b o u n d . T h e b e l o w s u m m a r y i s i n t e n d e d t o p rov i d e a s u m m a r y ove r v i e w o f a p p l i c a b l e t ra n s fe r re s t r i c t i o n s a n d a re q u a l i f i e d by re fe re n c e t o t h e t ra n s fe r re s t r i c t i o n s s e t fo r t h u n d e r “ N o t i c e t o Pu rc h a s e rs ” , t h e D i s c l a i m e r s , Te r m s a n d C o n d i t i o n s o f t h e To k e n s . Fo r U . S . I nve s t o r s • To ke n s s h a l l b e t ra n s fe r re d t o t h e I nve s t o r a t t h e t i m e o f p u rc h a s e . • To ke n s i s s u e d t o U . S . p e r s o n s a re n o t t ra n s fe ra b l e fo r o n e ye a r f ro m t h e p u rc h a s e d a t e , exc e p t t h a t , fo l l o w i n g t h e e s t a b l i s h m e n t o f a s u f f i c i e n t p ro c e s s t o ve r i f y t h e i d e n t i t y o f s u b s e q u e n t To k e n h o l d e r s i n o rd e r t o e n s u re A M L / K YC / C T F c o m p l i a n c e a n d s o n o t i f i e s h o l d e rs o f To k e n s t h e re o f a n d o f a ny a p p l i c a b l e c o n d i t i o n s , t h e C o m p a ny m a y p e r m i t a Compliant Regulation S Sale. • A f t e r o n e ye a r f ro m t h e p u rc h a s e d a t e , To k e n s m ay b e t ra n s fe r re d o n a s e c u r i t y t ra d i n g sys t e m s o l o n g a s t h e t ra n s fe r s a re c o m p l i a n t w i t h a p p l i c a b l e s e c u r i t i e s l a w s . G L X m a y c re a t e a n a u t h o r i z e d t ra d i n g sys t e m a n d / o r w o r k w i t h a n ex i s t i n g p l a t fo r m t o p e r m i t t ra d i n g o f a s e c u r i t y t o k e n . T h e re i s n o g u a ra n t e e t h a t G L X w i l l b e s u c c e s s f u l i n t h e s e e n d e a vo rs . I f p o s s i b l e t h e C o m p a ny w i l l a s s i s t i n a ny s e c o n d a r y t ra n s fe r s a s l o n g a s a ny a n d a l l t ra n s fe r s a re c o m p l i a n t w i t h a p p l i c a b l e s e c u r i t i e s l a w s . • A f t e r o n e ye a r f ro m t h e p u rc h a s e d a t e , p e e r - t o - p e e r t ra n s fe r s w i l l b e p e r m i t t e d i f G L X a u t h o r i z e s p e e r - t o - p e e r t ra n s fe r s a n d s o n o t i f i e s h o l d e r s o f To k e n s t h e re o f a n d o f a ny

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