(c) in any decision to purchase any STB, you have not relied on any statement set out in this Whitepaper;

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Transcription:

STB Chain

NOTICE NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER STBCHAIN FOUNDATION LTD. (THE FOUNDATION), ANY OF THE PROJ- ECT TEAM MEMBERS WHO HAVE WORKED ON THE STB PLATFORM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE STB PLATFORM IN ANY WAY WHATSOEVER (THE STB TEAM) NOR ANY SERVICE PROVID- ER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CON- NECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT WW- W.SOFT2B.COM OR ANY OTHER MATERIALS PUBLISHED BY THE FOUN- DATION. All contributions will be applied towards the Foundation's objects, including without limitation promoting the research, design and development of, and advocacy for a decentralised, trusted and reliable ecosystem for the management and circulation of all software assets created by the software industry, which would connect each developer of software to the consumer, allowing tracing of all relevant software information such as source, ownership, copyright information, channel, service status, management and time details for each software, and at the same time allowing developers to better service its users and manage usage of the software. This Whitepaper is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where this Whitepaper includes information that has been obtained from third party sources, the Foundation and/or the STB team have not independently verified the accuracy or completion of such information.

This Whitepaper does not constitute any offer by the Foundation or the STB team to sell any STB (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this Whitepaper is or may be relied upon as a promise, representation.or undertaking as to the future performance of the STB Platform. The agreement between the Foundation (or its affiliate) and you, in relation to any sale and purchase of STB is to be governed by only the separate terms and conditions of such agreement. By accessing this Whitepaper or any part thereof, you represent and warrant to the Foundation, its affiliates and the STB team as follows: (a) you acknowledge, understand and agree that STB may have no value, there is no guarantee or representation of value or liquidity for STB, and STB is not for speculative investment; (b) none of the Foundation, its affiliates, and/or the STB team members shall be responsible for or liable for the value of STB, the transferability and/or liquidity of STB and/or the availability of any market for STB through third parties or otherwise; (c) in any decision to purchase any STB, you have not relied on any statement set out in this Whitepaper; (d) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be); (e) you acknowledge, understand and agree that you are not eligible to purchase any STB if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the sale of STB would be construed as the sale of a security (howsoever named) or investment product and/or (i) in which access to or participation in the STB token sale or the STB Platform is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or (including without limitation the U.S., People's Republic of China and the Republic of Korea). The Foundation and the STB team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person. Prospective purchasers of STB should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the STB token sale, the Foundation and the STB team.

The information set out in this Whitepaper is for community discussion only and is not legally binding. The agreement for sale and purchase of STB shall be governed by a separate Token Purchase Agreement setting out the terms and conditions of such agreement (the Token Purchase Agreement), which shall be separately provided to you or made available at www.soft2b.com. In the event of any inconsistencies between the Token Purchase Agreement and this Whitepaper, the Token Purchase Agreement shall prevail. All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation and/or the STB team may constitute forward-looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements. These forward-looking statements are applicable only as of the date of this Whitepaper and the Foundation and the STB team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date. This Whitepaper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this Whitepaper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this Whitepaper. No part of this Whitepaper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation.

Index 1 Overview of status of Software Industry 1.1 Software Industry Overview 1.2 Software Industry Scale 1.3 Software Industry Challenges 1.3.1 The Proliferation of Pirated Software Affects the Healthy Development of the Industry 1.3.2 The Lack of Key Technologies and Core Technologies 1.3.3 Low-level of homogeneous competition 1.3.4 Low Market Standardization 01 02 03 03 03 03 03 2 STB Summary and Application Logic 2.1 Introduction to Soft2B Chain 2.2 Problems when using the Software 2.2.1 The way to certify the right of the Software is uncertain 2.2.2 Customers cannot verify genuine Software information through a unified channel 2.2.3 Software Copyright Voucher Custody Issues 2.2.4 The User Lacks Trust in the Software Provider's Authorization 2.2.5 Software Sales Channel Legitimacy Issues 2.2.6 The Secondary Development Version of the Software to Confirm Problem 2.2.7 Software Copyright Transfer of Copyright Issues 2.2.8 Enterprise Software Authority Authorization Problem 2.3 The Existing Solution to the Shortcomings 2.3.1 Users know that the Software is Pirated but Continue Using It 2.3.2 Illegal Software Sales Channels 04 05 05 05 05 05 05 05 05 05 06 06 06

2.4 STB Solution 2.4.1 Software Vendor Information Authentication 2.4.2 Software Version Information 2.4.3 Software License 2.4.4 Transfer of Software Use Rights 2.4.5 Volume Licensing of Software 2.4.6 Extensible 07 07 07 07 07 07 07 3 Soft2B System Technical Principle 3.1 DAG Technology to Achieve High Concurrency Transactions 3.2 Witness Mechanism to Prevent Data Tampering 3.3 The Intelligent Contract Layer to Execute Complex Transactions 3.4 Role of Soft2B Token 3.5 Surrounding Ecosystem for the STB Platform 3.5.1 Soft2B Wallet 3.5.2 Soft2B Software Market 3.5.3 Soft2B Software Provider Authorization and Information Writing System 08 09 10 11 12 12 12 12 4 STB Team and Consultant Introduction 4.1 Team Members 13 5 STB's Goals and Significance 6 Risks 6.1 Uncertain Regulations and Enforcement Actions 14 6.2 Competitors 15 6.3 Loss of Talent 16 6.4 Failure to develop 17 6.5 Security weaknesses 18 6.6 Other risks 19

1.Overview of status of Software Industry 1.1 Software Industry Overview The software industry lies at the core of the entire information technology industry.a key component of both information construction and international competition, it is a foundational and strategic industry in the modern national economy and vital for social development. In terms of it s influence on China s economic structure, the software industry not only promotes social development, but also improves the efficiency of economic operations and transforms the mode and pace of economic growth. The State has made great efforts to sup-port and encourage further growth of the software industry. With the development of new technologies and new formats such as Mobile Internet, Big Data, IOT (Internet-of-Things) and Cloud Computing, the software industry will speed up development toward networking, servitisation, and intelligence in upcoming years. Software will also gradually shift from stand-alone software to IaaS (Infrastructure-as-a-Service), SaaS (Software-as-a-Service) and PaaS (Platform-as-a-Service) service patterns, which willbe further integrated into all aspects of society and contribute to the rapid development of new consumption patterns. The future development of the software industry, both in breadthand depth, will be revolutionary. 1.2 Software Industry Scale The advent of Cloud Computing and Big Data information systems has placed new demands on existing software and information technology services. The iteration of such information systems will bring vitality to the software industry, encouraging rapid growth and development, while the industrial chain and its applied ecological environment will be continuously improved and gradually matured. 01

STB Chain According to data from China Industry Information Network, the number of software and information technology service companies currently lies at 40,900. In 2016, total sales revenue reached 17.2tr Yuan, of which 4.9tr was attributed to the software industry, an increase of 14.9% from the same period of 2015. The number of central cities and municipalities that have reached 100 billion Yuan in revenue has increased to 15. Against the backdrop of an increasing penetration rate of smart terminals, faster bandwidth and network infrastructure improvement, technologies such as Cloud Computing, IOT, and Big Data broadens the foundation of the application. As a starting point, the traditional industry model has been facing accelerating changes, with enterprise-level application software gradually moving online. In the next few years, software companies will be faced with a major historic opportunity. 1.3 Software Industry Challenges 1.3.1 The Proliferation of Pirated Software Affects the Healthy Development of the Industry In 2016, the Business Software Alliance (BSA) released its latest Global Software Survey report, which indicated a 4% percent drop of non-authorized software usage in China between 2013 and 2015, from 74% to 70%. This makes China one of the countries with the most significant progress in the Asia Pacific region since the last Global Software Survey. Although China has made remarkable achievements in this area, there are still a large number of systems facing the threat of cyber-attack. This situation cannot be ignored. The survey results show that top foreign countries such as Australia, Japan and New Zealand have maintained rates of installation of genuine software at around 85%. In China, on the other hand,rates of installation of licensed software is around 30%, which equates to commercial value of unlicensed software worth approximately 60b in a single-year. 02

In addition, CIOs surveyed by BSA estimated that 15% of the employees downloaded unlicensed software online without their knowledge. However, this is appears to be an underestimate of the severity of the problem, with almost 26% of employees admitting to have downloaded pirated software. High piracy rates have a huge impact on product pricing and innovation in the software industry. For example, software such as Photoshop, developed by internationally renowned company Adobe, is an essential tool for designers and corporate workers. A set of Adobe Creative Cloud (Chinese version) is priced at about 7499 Yuan per year, where the purchase of other necessary software increases company expenses further, so it comes as no surprise that some small companies choose to use pirated software instead. Piracy means that software vendors cannot benefit from their own innovations, and genuine software users find it hard to get the software they want at low cost. Adobe has previously authorized law firms to issue anti-piracy letters to domestic companies, in an effort to cease the latter s use of pirated software. Both foreign and domestic vendors are harmed, where even with continual business transformation and technology upgrades, they are still unable to solve the negative impact of software piracy. 1.3.2 The Lack of Key Technologies and Core Technologies Considering the overall structure of the industry, the development of China's software industry comes relatively late compared to the foreign software industry, and most of the software companies are quite small, providing homogenous products and lacking competitiveness, therefore there is an urgency to improve. At present, mainstream core software products in the global industry are provided mainly by large foreign software companies such as Microsoft, IBM, ORACLE and SAP. These software companies rely on their strong R&D capabilities to provide technology-based products to enterprises and individuals. Software companies in Europe, the United States and other developed countries have standardized software format systems, mature R&D capabilities and strong retail sectors. Domestic software companies usually focus only on specific areas, and need to broaden their scope of services. Compared with international companies, domestic companies provide products and services based on product localization to meet the individual needs of customers, and thus lack forward-looking innovation in their technology. 03

In the field of application software, most enterprises are small and medium-sized fi rms that are engaged in various types of application software development. Software develop-ment belongs to the wider umbrella industry of custom software, yet customers demand diversification, and so currently, the enterprise cannot form a clear dominant position in the industry. 1.3.3 Low-level of homogeneous competition At present, the professional division of labor and characteristics of the domestic software market are not clear enough. Small and medium-sized software development companies are all competitors. The phenomenon of repeated development of similar software is more serious with vicious competition, with no appreciable specialization of labor. Homogeneous competition caused by the low profits of the entire software industry means that pricing in the industry is not standardized. 1.3.4 Low Market Standardization The lack of protection of intellectual property in China and vague laws regarding rules of competition discourage the survival of the fittest mechanism, and outstanding enterprises find it difficult to come to the forefront. At the same time, user requirements specification are too low and they only know about the use of new software through limited channels. Software companies mainly engaged in software engineering projects to maintain profitability of enterprises fail to develop their core product. supported by a professional service system development model, really engaged in large-scale software product developments oftware companies rarely lead to the entire industry is difficult Large-scale cluster development. 2 Soft2B Summary and Application Logic 2.1 Introduction to Soft2B Chain Soft2B Chain (STB Chain) is an ecosystem application system, with its native blockchain (STB Chain), for the software industry based on blockchain technology. The main objective of the Soft2B platform (STB Platform) is to establish a secure, stable and trustworthy platform for software developers and users to efficiently carry out various basic functions in the distribution of software (i.e. protect software copyright, authorize transactions, grant permissions, carry out transfers and verification). The STB team has been testing the STB Platform for more than two years, and has accumulated almost a million small and medium software developers with the goal of establishing cooperation between traditional software development, retail sales, channel sales, as well as more extensive application of SaaS.App category software and real estate areas made it already a complete and feasible solution. The use of blockchain technology to decentralize cannot be tampered with and so traceability features must be ensured, with emphasis placed on electronic deposits, digital trading and other 04

technologies achieving credible privileged voucher transactions. The STB Platform can store software copyright information and transaction information, and batch usage license: software copyright transfer and software permission distribution information. 2.2 Problems when Using the Software 2.2.1 The way to certify the right of the Software is uncertain In the process of using software, users are often unable to determine how to correctly obtain the right to use the copyright, whether it is to have the corresponding key or through the vendor's permission. 2.2.2 Customers Cannot Verify Genuine Software Information through a Unified Channel In the process of using the software, users are often unable to determine how to correctly obtain the right to use the copyright, whether to have the corresponding key or through the vendor's permission. 2.2.3 Software Copyright Voucher Custody Issues In the process of using genuine software, the software registration code needs to be obtained, or the software account must be authorized centrally. However, there is a common issue that certain documents containing such information are often lost for a variety of reasons, e.g. the consumer had not properly kept these documents, or there is damage to the hardware which contains softcopies of these documents and with no effective backup performed. 2.2.4 The User Lacks Trust in the Software Provider's Authorization Software providers may need to continually adjust captcha rules to prevent software from being misappropriated. Though software providers can freely modify the software authorization information with a centralized form of storage, this poses inconveniences and infringes upon the interests of users. 2.2.5 Software Sales Channel Legitimacy Issues Software providers need to promote and distribute software via several channels. Thus, consumers face various sales channels with different quotations, and it is difficult for them to distinguish whether the software sales channel are legal. 05

2.2.6 The Secondary Development Version of the Software to Confirm Problem Sales of new software developed based on some original version of software often occurs in the software industry, and the original developers have no better way to evaluate their real sales volume. 2.2.7 Software Copyright Transfer of Copyright Issues Software is an asset for users. Therefore, sometimes copyright transfer is necessary as valuable software is transported from user to user, but many do not have a convenient and trustworthy way to transfer usage rights. 2.2.8 Enterprise Software Authority Authorization Problem Authorization of software is generally based on centralized data storage, which carries certain risks: for those who have permission to operate the system, any user can be authorized, data can be viewed or changed and operations records may be erased. 2.3 The Existing Solution to the Shortcomings The main reasons for the existing problem are: 2.3.1 Users know that the Software is Pirated but Continue Using It 2.3.2 Illegal Software Sales Channels. 1 As the system of software assurance is not open or opaque, users cannot verify whether purchased software is genuine, and there is a lack of an open and transparent platform on the market. 2 The backend capability of software developers varies, and sometimes user authorization data is lost during the server downtime, so the user consequently loses the corresponding software usage rights. 3 There are certain shortcomings with current verification methods in the software industry, such as the use of registration codes, the use of registration codes in combination with machine codes, and U disks. Their shortfalls mean the problem cannot be effectively solved. 2.4 Soft2B Solution To solve problems with traditional software authorization processes, the STB Platform stores, verifies, and manages software authorization information. The STB Platform provides an SDK and a channel management platform for traditional software providers and SaaS software providers to authorize the software. 06

2.4.1 Software Vendor Information Authentication The software supplier is the author or organization that owns the copyrights to the software and authorizes digital authorization signatures by allowing the writing of its own basic information in the STB Platform. After successfully obtaining the digital signature, the user can create software information. 2.4.2 Software Version Information Software vendors obtain rights to create software information after validating their information. Software vendors can build corresponding software and versions. Version information of the software that the vendor can write on the STB Platform includes: the type of the software, whether the software is allowed to be transferred, the name, version number and other extended information.the way of authorizing software conclues permanent authorization,time based authorization and duration authorization in order to handle different scene of software application. 07

According to the above flowchart, during the process of purchasing software usage rights through the STB Platform, the user downloads the software and pays for it through the wallet to start the software version, software information and software vendor verification. After passing verification, the user writes the transaction information to complete the payment, and then receives the software usage rights. At the same time,in order to prevent phishing by ensuring that users download the software properly or that the SaaS or PaaS platform is correct, the STB Platform does not tamper with the function. If the verification fails, it can be normally used after the new genuine software is downloaded and verified, without requiring secondary payment. 08

2.4.3 Software License The user of Soft2B can buy the using right of the software,and then write the public key address and the hardware information corresponding to the authorization information into the STB Chain. 2.4.3.1 Desktop Software Authorization Verification The STB Platform provides a multi-platform SDK for desktop software. For exclusive access to the Soft2B desktop software, it must be purchased and verified through related applications on the STB Platform. Desktop software can be verified by the Soft2BPC application, or authorized by Soft2B APP. Users can use other methods to purchase and verify non-exclusive software. 2.4.3.2 SaaS/ PaaS Software Authorization Method There are many applications of SaaS or PaaS in Internet-related scenarios. For example, browser-based applications and mobile applications may take the form of SaaS. SaaS/ PaaS software usually follow the subsequent pay modes: pay per user, long-term prepaid, pay-per-use. The STB Platform also provides different payment authentication modes. In the application which is integrated Soft2B SDK,it can call upon the interface on the STB Platform for data validation and data write. 09

2.4.4 Transfer of Software Use Rights In traditional use of software, the software transfer of the right to use did not find corresponding theoretical support from the law. Software, should be transferable, yet due to current methods of authentication it is difficult to transfer usage rights or enable remote privilege transfer of software. The STB Platform provides users with a safe and reliable way to transfer such rights. The user only needs to write information that allows the user to transfer software privileges on the STB Platform, then thereafter that user may transfer the software usage right through the Soft2B wallet. 2.4.5 Volume Licensing of Software In the process of using enterprise software, the issue of volume licensing of software licenses is prominent. When an enterprise needs to purchase a software license to be used by more than one person, the address of the primary authorized user can be freely allocated or reclaimed to other addresses and hosts. The STB Platform will record the number of discretionary rights, and will record authorized addresses and host information. 2.4.6 Extensible The STB Platform also provides software authorization and permission management for internal users while providing software license services for Internet users. Enterprise users can build their own internal access control system so as to prevent tampering and made the change records clear. 3 Soft2B System Technical Principle The STB Platform uses underlying blockchain technology developed by the team as well as the corresponding smart contracts and application layers to enable decentralized, tamper-proof, traceable and software-defined transactions. As described above, the STB Platform can store software copyright information and transaction information, and batch license information. 10

3.1 DAG Technology to Achieve High Concurrency Transactions Unlike the chained structure of Bitcoin and Ethereum, the new Direct Acyclic Graph (DAG) system adopted by the STB Platform unit validates the parent until a hash of the parent is created and contained in the unit. The data for each cell changes, requiring all its children to change, exponentially. Through the address unit sequence chain rules, DAG effectively avoids the double flower problem. DAG technology reduces transaction costs and increases throughput in the distributed network. 3.2 Witness Mechanism to Prevent Data Tampering DAG technology, unlike other blockchain technologies, requires a witness mechanism to prevent block creators from creating higher-weight blocks for data tampering. The witness mechanism is conceptually similar to the DPOS consensus mechanism, whereby a user submits an application to participate in the election, and after the payment of the deposit (in STB), it may be qualified to be a candidate witness. Witnesses are randomly assigned and announced in advance by the system. After a period of time, the witnesses will be reassigned by the system. All transaction fees paid for witnessing will be shared by all witnesses who have assisted with the witnessing task. 3.3 The Intelligent Contract Layer to Execute Complex Transactions 3.3.1 Registration of Authorized Information The Foundation maintains and manages the ecosystem on the STB Platform. It is necessary for the software provider to obtain authorization from the STB Platform to register the enterprise information, software information and version information into the STB Chain. 3.3.2 Standardized Asset Registration Software providers who have been authorized and have registered register the software type, software version and verification method onto the STB Chain according to the standards of the smart contract. 3.3.3 Signed Authorizations on Behalf of the Contract The user authorizes the signature through the decentralized address, and the system automatically finish the redemption of the assets during the transaction. 3.3.4 Digital Asset Collection Generation You can send and receive digital assets which are registered on the above chain.once the transaction is triggered, the system honors the verification code through the SDK for asset redemption to complete the calibration and the sale of software. 11

3.3.5 Software Information Verification Contract When the software makes the purchase payment, it needs to obtain the software verification information and verify the data to prevent duplicate transactions. 3.3.6 Software Information Feedback Once the STB Platform verifies the software information, software version and the comparison information, the results of the comparison will be fed back. 3.3.7 Soft2B Tokens Standardized Contracts The STB Platform s token normalization contract allows for the release of smart contract tokens to software providers that have special payment and validation needs. 3.4 Role of Soft2B Token The original cryptographic Soft2B token issued for use on the STB Platform (STB) will be generated once in Soft2B's creation zone. STB is a non-refundable functional utility token which will be used as the unit of exchange for asset transactions (e.g. registration, authorisation and licensing of software) between users of the STB Platform. Computational resources are required for running various applications and executing transactions on STB Chain, which resources will be provided by "witnesses" on the STB Platform. STB will be used as the unit of exchange to quantify and pay the costs of the consumed computational resources, and will be paid to the witnesses as their fee for contributing resources as part of the witnessing processes. STB is an integral and indispensable part of the STB Platform and STB Chain, because in the absence of STB, there would be no common unit of exchange to quantify and pay for these costs, thus rendering the ecosystem on the STB Platform unsustainable. STB does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, its affiliates, or any other company, enterprise or undertaking, nor will STB entitle token holders to any promise of fees, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. STB may only be utilised on the STB Platform, and ownership of STB carries no rights, express or implied, other than the right to use STB as a means to enable usage of and interaction with the STB Platform. In particular, you understand and accept that STB: (a) is non-refundable cannot be exchanged for cash (or its equivalent value in any other virtual currency) or any payment obligation by the Foundation or any affiliate; 12

(b) does not represent or confer on the token holder any right of any form with respect to the Foundation (or any of its affiliates) or its revenues or assets, including without limitation any right to receive future revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the STB Platform, the Foundation and/or its service providers; (c) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument or any other kind of financial instrument or investment; (d) is not a loan to the Foundation or any of its affiliates, is not intended to represent a debt owed by the Foundation or any of its affiliates, and there is no expectation of profit; (e) does not provide the token holder with any ownership or other interest in the Foundation or any of its affiliates. The contributions in the token sale will be held by the Foundation (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading STB does develop, it would be run and operated wholly independently of the Foundation, the sale of STB and the STB Platform. The Foundation will not create such secondary markets nor will it act as an exchange for STB. 3.5 Surrounding Ecosystem for the STB Platform 3.5.1 Soft2B Wallet Soft2B wallets provide storage and payment of tokens, software licensing systems. 3.5.2 Soft2B Software Market Soft2B software market provides all of the software selection and download services to buyers. 3.5.3 Soft2B Software Provider Authorization and Information Writing System After the software provider has obtained the authorization from the STB Platform, it is possible to obtain a software provider's authorization and information writing system with a unique authorization code. Through the system software, the vendor can confirm and write software information, verification codes, as well as copyright information. 13

4 STB Team and Consultant Introduction 4.1 Team Members Website www.soft2b.com 5 Object of the Foundation The Foundation s main object is promoting the research, design and development of, and advocacy for a decentralised, trusted and reliable ecosystem for the management and circulation of all software assets created by the software industry, which would connect each developer of software to the consumer, allowing tracing of all relevant software information such as source, ownership, copyright information, channel, service status, management and time details for each software, and at the same time allowing developers to better service its users and manage usage of the software. 6 Risks You acknowledge and agree that there are numerous risks associated with purchasing STB, holding STB, and using STB for participation in the STB Platform. 6.1 Uncertain Regulations and Enforcement Actions The regulatory status of STB and distributed ledger technology is unclear or unsettled in many jurisdictions. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including STB and/or the STB Platform. Regulatory actions could negatively impact STB and/or the STB Platform in various ways. The Foundation (or its affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors and continuous analysis of the development and legal structure of virtual currencies, the Foundation will apply a cautious approach towards the sale of STB. Therefore, for the crowdsale, the Foundation may constantly adjust the sale strategy in order to avoid relevant legal risks as much as possible. For the crowdsale, the Foundation is working with Tzedek Law LLC, a boutique corporate law firm in Singapore with a good reputation in the blockchain space. 14

6.2 Competitors It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying STB and/or the STB Platform and attempt to re-create similar facilities. The STB Platform may be required to compete with these alternative networks, which could negatively impact STB and/or the STB Platform. 6.3 Loss of Talent The development of the STB Platform depends on the continued co-operation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect the STB Platform or its future development. 6.4 Failure to develop There is the risk that the development of the STB Platform will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or STB, unforeseen technical difficulties, and shortage of development funds for activities. 6.5 Security weaknesses Hackers or other malicious groups or organisations may attempt to interfere with STB and/or the STB Platform in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of the Foundation or its affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of STB and/or the STB Platform, which could negatively affect STB and/or the STB Platform. 6.6 Other risks In addition to the aforementioned risks, there are other risks (as more particularly set out in the Token Purchase Agreement) associated with your purchase, holding and use of STB, including those that the Foundation cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Foundation (and its affiliates), the STB team, understand the overall framework and vision for the STB Platform prior to purchasing STB. 15