Release of Liability Disclosure

Effective Date: May 15, 2023

PLEASE READ THIS RELEASE OF LIABILITY DISCLOSURE ("DISCLOSURE") CAREFULLY. BY USING THE GRAY MARKET ECOSYSTEM, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS DESCRIBED HEREIN AND ALL TERMS INCORPORATED BY REFERENCE.

1. Acceptance of Risk: As a user of the Gray Market Ecosystem, you acknowledge and agree that there are risks associated with utilizing an Internet-based blockchain-enabled system including, but not limited to, the risk of failure of hardware, software, and Internet connections. You accept and acknowledge that Gray Market will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Gray Market Ecosystem, however caused.

2. Investment Risk: The investment in Blockchain assets involves a high degree of risk, including but not limited to volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing, and are subject to abuse and fraud.

3. No Guarantee of Income or Profit: Gray Market does not make any guarantee about the potential income or profit from any investment. Past performance is not indicative of future results. It is possible that your investment may lose value, possibly substantially.

4. Tax Liability: You are solely responsible for determining what, if any, taxes apply to your transactions. The Gray Market is not responsible for determining the taxes that apply to your transactions on the platform.

5. No Liability: To the fullest extent permitted by law, in no event shall Gray Market, its directors, employees, partners, suppliers, or content providers be liable for any indirect, incidental, punitive, consequential, special, or exemplary damages of any kind, including but not limited to damages (i) resulting from your access to, use of, or inability to access or use the services; (ii) for any lost profits, data loss, or cost of procurement or substitute goods or services; or (iii) for any conduct or content of any third party on the site.

BY ACCESSING OR USING THE GRAY MARKET ECOSYSTEM, YOU REPRESENT AND WARRANT THAT YOUR ACTIVITIES ARE LAWFUL IN EVERY JURISDICTION WHERE YOU ACCESS OR USE THE SERVICE, AND THAT YOU AGREE TO BE BOUND BY THIS RELEASE OF LIABILITY DISCLOSURE.

IF YOU DO NOT AGREE TO BE BOUND BY THIS DISCLOSURE, YOU ARE NOT PERMITTED TO USE OR ACCESS THE GRAY MARKET ECOSYSTEM.

This Disclosure may be amended from time to time at the sole discretion of Gray Market. It's your responsibility to review the Disclosure for any changes. Your use of the Gray Market Ecosystem following any amendment of this Disclosure will signify your assent to and acceptance of its revised terms.

For further information or inquiries related to this Disclosure, please contact compliance@gray.market.

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