Disclaimer

Please read the following disclaimer carefully as it pertains to the whitepaper issued by Matsuri Foundation (hereinafter "Matsuri"). This whitepaper is intended for informational purposes only, and its contents are subject to change. The whitepaper contains forward-looking statements based on Matsuri's current situation, which use expressions such as "may," "believe," "expect," "aim," "estimate," "desire," "plan," "seek," "strongly believe," "possible," "continue," "highly likely," among others.

These forward-looking statements involve risks and uncertainties, meaning that Matsuri's actual platform (hereinafter "DApps") and future results may differ significantly from those described in the whitepaper.

The whitepaper does not guarantee the accuracy of the information or results stated therein. Matsuri makes no warranties, express or implied, and disclaims them, including but not limited to:

• Warranties of merchantability, fitness for a particular purpose, description, or non-infringement.

• That the content of the document is accurate and error-free.

• That the content does not infringe upon the rights of third parties.

Matsuri shall not be liable for any damages resulting from the use, reference to, or reliance on the contents of the whitepaper. The whitepaper includes references to third-party data and industry publications. To the best of Matsuri's knowledge, the reproduced facts are accurate, and the assumptions and estimations are reasonable, but their accuracy cannot be guaranteed. The whitepaper contains information and instructions that could be considered recommendations and may form the basis for investment decisions. However, it should not be regarded as an offer of securities.

The Matsuri Token (hereinafter "MAT") does not represent ownership and does not confer rights to Matsuri's capital or income. Furthermore, it grants no governance rights over Matsuri. MAT does not certify ownership or control over Matsuri or its network, nor does it grant assets or shares. MAT does not provide the right to participate in management or governance. Therefore, securities laws ensuring necessary disclosures for investor protection do not apply. However, it is important to warn potential MAT purchasers about the risks they might incur. MAT is a utility token functioning solely on the DApps platform and should not be used for speculative or investment purposes as it holds no intrinsic value.

Purchasing and storing MAT involves numerous risks. There is a risk that Matsuri may fail to commence operations, develop technology, or provide promised services. When deciding whether to participate in the MAT sale, please consult with technical, financial, legal, and other experts. MAT purchasers acknowledge that they have thoroughly reviewed the whitepaper and related documents and understand the risks, costs, and benefits associated with purchasing MAT. Each purchaser is strongly advised to ascertain the laws and taxes concerning the purchase, use, and ownership of MAT, and the use of the platform, according to their nationality and residency.

Authorities are monitoring digital asset-related companies, and their regulatory actions, investigations, or litigation could affect Matsuri's business. Prospective MAT acquirers should be aware that the business model, whitepaper, and terms of use may change. Even in such cases, Matsuri and its affiliated companies bear no responsibility for losses incurred due to changes. The issuance and distribution of this whitepaper do not imply compliance with legal or regulatory requirements.

Individuals and corporations alike should understand the risks associated with digital platforms, digital assets, blockchain technology, etc., and consider their financial and business means.

If you do not accept the risks associated with the platform and tokens, you should not consider acquiring MAT. Utilizing DApps services and acquiring/using MAT may require the completion of AML/KYC processes. MAT is based on the Ethereum protocol, and malfunctions thereof could impact the DApps network.

In case of language discrepancies, the English version shall prevail, so please also check the latest English version. The most current version of this whitepaper always takes precedence.