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You must read the following disclaimer before continuing. You are advised to read it carefully before reading the following parts of this White Paper, accessing or making any other use of this White Paper. Parkade Coins will be issued by Parkade Holdings OÜ, an Estonian limited liability company. The legal relationship arising from acquiring and/or holding a Parkade Coin will be between the coin holder and Parkade Holdings OÜ (the coin issuer). The relationship will be governed by the Terms and Conditions of Parkade Coins and Estonian law. In member states of the European Economic Area ("Member States") that have implemented Directive 2003/71/EC as amended (together with amendments and applicable implementing measures by Directive 2010/73/EU to the extent implemented in the relevant Member State, the "Prospectus Directive"), this White Paper is only addressed and directed at, and Parkade Coins may only be offered and sold to, (i) persons who are "qualified Investors" within the meaning of Article 2(1)(e) of the Prospectus Directive ("Qualified Investors") and (ii) fewer than 150 natural or legal persons per Member State, other than Qualified Investors ("Private Placement Investors"). This White Paper must not be made available in any Member State to persons who are not Qualified Investors or Private Placement Investors. Persons distributing this White Paper must satisfy themselves that it is lawful to do so. Technical IP restrictions will be applied.