IMPORTANT NOTICE The LODE Protocol (“LODE”) is an open-source internet-based distributed ledger and computing platform composed of various and evolving components contributed by a wide variety of participants and professional Service Providers. LODE is built by LODE (Switzerland) AG (“LSA”) and the Service Providers Alliance, which is fueled by LODE Token. LODE continues to grow and change through the efforts of its community. Accessing the utility functions of the LODE Protocol is achieved by holding and utilizing the LODE Token. The maximum number of LODE Tokens that can be issued is 77,000,000. The LODE Token was fully issued by LODE GmbH, a subsidiary of LSA, under its Tied Agent arrangement. LSA together with its subsidiaries and affiliates, is an active member of that community, both directly and indirectly, through its seed, and investment programs, as well as various Service Providers. LSA contributes to the continuing development, implementation, and maintenance of LODE and the LODE Community by funding, publicizing and otherwise encouraging the following, among other activities: •
developing and implementing different types of software, such as smart contracts and dApps, access to card infrastructure, decentralized exchanges, swaps/moves, subnets, APIs, utilities and upgrades, bridges to other blockchains and wallet connecting software, and helping others to do the same;
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the network utilizes and operates on one or more nodes/validators;
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creating written, video, and other content on websites, various social media platforms and elsewhere; and
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generally being an overall resource to the community in a variety of other ways.
LODE is a nonprofit, but some of its activities may generate inflows which are distributed into liquidity pools via the LODE Token smart contract infrastructure for the benefit of the LODE Token Holders and the Service Provider Alliance. LODE has deployed a Fee Collector as a pool smart contract that enables collection of resources from several profit centers and distributes the fees as “pool reflections” to Service Providers, Vaults and LODE Token holders. LSA, as well as its Service Providers and other people and organizations associated with it, may give, receive, lend, borrow, purchase, and sell LODE Tokens and various other crypto assets (whether fungible or nonfungible tokens) created on, or associated with LODE and the smart contracts and dApps that are used by LODE. Such transactions and transfers may occur as private peer-to-peer sales, and in open market transactions via “Dutch Auctions” and/or decentralized exchanges (DEXs) and other means. LODE may offer or receive preferential pricing in certain transactions, usually based on volume. All of the above software, content and activities are referred to in this Notice as LODE’s “Software, Content, and Activities.” Sometimes LODE collects fees in connection with its Software, Content, and Activities, while other times it does not.