2.6. Expenses related to the Public Presale and IDOs

BlockchainCompany Ltd. completed three seed rounds over the last 3 years. Some of these funds have been used for the initial R&D of the BlockchainValley initiative, its legal analysis, the development of the present information document and the beta-version of the sandbox BlockchainValley Digital Platform. Prior to the Offer launch, BlockchainCompany Ltd has already invested approximately € 1,243,000 in preparation for the offering and development of the BlockchainValley project. These include:

• Legal, financial advisory, accounting, and auditing fees (€278,000),

• Platform development fees (€325,000),

• Human Resources (€560,000),

• Information Document and marketing materials development and research (€385 000).