investment limit, and relies on recognized ICO portal performing the above functions, the role of the regulator will concentrate on working with the ICO portal to ensure that our regulatory objectives are met

proposed purposes, the order of priority of such purpose should be given, as well as the amount and sources of other funds needed. Disclose also how the proceeds will be used pending their eventual

shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights (2) Net additional shares acquired 5,000 voting rights (3) Total voting rights 50,000 (4) [(3) / 1,000,000] X

shares with 5,000 voting rights, 2,000 warrants, and 1,000 convertible debentures of Company A. Calculation of shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights

warrants of Company A. ■ If Mr. Kor acquires additional shares with 5,000 voting rights, 2,000 warrants, and 1,000 convertible debentures of Company A. Calculation of shares for reporting purposes: (1

reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights (2) Net additional shares acquired 5,000 voting rights (3) Total voting rights 50,000 (4) [(3) / 1,000,000] X 100 5

shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights (2) Net additional shares acquired 5,000 voting rights (3) Total voting rights 50,000 (4) [(3) / 1,000,000] X

shares with 5,000 voting rights, 2,000 warrants, and 1,000 convertible debentures of Company A. Calculation of shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights

shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights (2) Net additional shares acquired 5,000 voting rights (3) Total voting rights 50,000 (4) [(3) / 1,000,000] X

shares with 5,000 voting rights, 2,000 warrants, and 1,000 convertible debentures of Company A. Calculation of shares for reporting purposes: (1) Shares held prior to the acquisition 45,000 voting rights