All, we are not happy with the ambiguity caused in the wording in the business paper regarding the company allocation. We value our community and the positive spirit we have been operating in. We have decided to clear the misunderstandings and set the company allocation to be against the number of tokens sold (9,964,259.03181537), still in-line with our regulatory approval. Burning what was minted to reflect this. This doesn't change our roadmap and approach. Moving forward we are also making some changes and moving to a more corporate approach to inform our investors through an official Investor Relations channel. We're also launching a dedicated developer portal with it's own forum to talk mainly technical. As soon as we've launched these, the telegram channel will be mainly for the community to use and will be unmoderated. The new allocations are: Total Supply: 14,610,350.48653280058651 Public: 9,964,259.03181537 Company: 4,646,091.45471743058651

how we engage with the developer community will be very different and not always be visible' to our Telegram. Moving forward we will do our best to bridge that gap and share the updates as they happen but we still won’t be focused on hype – nor should you want us to be. We have a very clear roadmap and approach to deliver, we won’t deviate from this and won’t allow small a number of opinions dictate how we achieve this. What kind of project updates can we expect moving forward? We have various updates across all our channels covering: The team – we have started in depth profiles and they will be featured in our upcoming video series The tech – we have some super, talented team members and they are making great strides in the – we will be profiling these on a regular basis with live demos where possible. The approach – as you have seen out and about meeting with stakeholders – again wherever this is appropriate – we will share details and also our observations similar to the opinion piece by recently published on Fox The business – this includes the partnership announcements, revised roadmap etc. The industry and sectors – we will be hosting and co-hosting events with specific focus on various sectors from hackathons to desk side briefings.

/FTSE 100 enterprises to ensure the success of Quant Network and the secure the long-term value of the platform by establishing these critical partnerships. • Prior to the TGE we were very clear that we would not be pursuing listings unless there was significant market demand. • Now at the offset of our token sale we were approach by 5 exchanges and so we shared this. Another additional 5 have since approached. • We felt that this was important for us to share with the community, given our 'utility' token status and now that we have established the demand and are focusing on the ‘utility’. We expect to look at listings with those parties who approached us at the right time, milestone and market conditions. There are other projects that are FINMA complaint and are listed on centralized exchanges before utility – why don’t you? • That is each project’s prerogative and their own interpretation of the guidelines but all that signals to us is that those projects are more focused on the exchanges and the secondary sales versus actually on the utility. The regulatory approvals and conditions changed in Switzerland with new FINMA guidelines released in early 2018. Each company has their approval reviewed on a case-by-case basis, so they are all different and can’t be compared. Our priorities are different and only time will be the truest test to see which approach is more effective. • Our money is on Quant but you’re welcome to diversify your portfolio and support those projects instead of Quant. Why didn’t you stop the IDEX listing? As you know the IDEX listing was out of our control and the volumes traded so far are less than a few % of total supply. While we understand that some members may have preferred for us to lock the tokens until we had secured a preferred listing, this did not seem fair to not allow QNT holders to purchase and sell to each other given the state of the market and have decided that we will not be actively pursuing delisting either. We’re just getting started, with a clear mission and roadmap to deliver. We don’t believe this small amount of activity on a decentralised exchange reflects what we’re doing to deliver the platform, deliver value to our customers and drive the adoption of Overledger with Governments and enterprises. What about these major announcements you mentioned on Telegram? For anyone who has worked in Corporate Communications with major enterprises or sections of government – you will know that any kind of partnership announcement (and when we say announcement – we mean an actually press release with a view of generating media coverage and not a post on telegram) can take months to coordinate to ensure all the levels of approvals or to ensure the timing of the announcement is optimal for the media. We are simply working this out right now with our partners. We would never risk jeopardising those relationships by announcing anything prematurely so to that end we ask you to stay tuned. You don’t need to ask us, just be subscribed to our announcement channel. Wouldn’t we just need more “hype”? We believe that the future success of Quant Network and Overledger and the value of the platform, powered by QNT, will be determined by the uptake of our technology by enterprises, government and developers i.e. it’s ‘utility’. We are engaging regularly with these stakeholders and our and while we would love to share all the intricate details of this on a daily basis if we could however this is simply not possible both from a confidentiality perspective but also from a competitive perspective. Without wanting to give too much away about our entire marketing strategy (purely from a competitive intelligence perspective) is that it will differ 100% to other ICOs as we are less focused on ‘hype’ and more so on taking a more strategic approach tailored to our audiences or stakeholders. For example how we market and communicate to C-level executive who may not have the strongest grasp of distributed ledger technology versus

Quant Network Update June 2018 What was the original total allocation? As per our Business Paper (section 5.3) the original amount of QNT supply we had forecast was 45,467,000 - with 31M (68.19%) made available on sale to public and a reserve of 14,467,000 (31.81%). How many did Quant sell? We have sold approximately ten million tokens (9,964,259.03181537) which is all publicly visible on the smart contract. What happens to the outstanding unsold tokens? Will you burn them? • As we underwent a Token Generation Event, we did not create them so there is nothing to burn. • We had only said we would burn unredeemed tokens i.e. tokens created for orders but never received. • Now that the token sale is closed - QNT tokens creation will be closed permanently. What is the total supply now? • 24 Million (24431259.03181537) – approx half of the original supply (53%). What happens to the 14.4M in reserve? • As explained in Section 5.3 of the business paper, the company reserve will be vested for 12 months from the end of the TGE. • We cannot touch these for 12 months. • Approximately half of the reserve tokens will be redistributed between founders, partners, staff members, advisors and service fees for third party providers subject to a twelve-month holding period. • The remaining 57% of the reserve over the years for operational costs for the development of the Quant ecosystem. Are you going to use the reserve for another token sale in twelve months? • We have no plans for another token sale. Why did you say you were sold out? • During, the early stages of the token sale we experienced a surge in interest in our token following the announcements around our partnerships in China and India. • At that point we had more orders for tokens than we had tokens. We announced that we were sold out and that the only way to guarantee the order was to confirm payment. Now, we could have waited until payments were made and then had more orders than tokens and then had to coordinate refunds, which is quite time consuming and we didn’t feel it was the best use of our resources. • In hindsight, perhaps we should have done it that way - either way our intention was to be fair and transparent. We also saw people gaming the process for their advantage and we cancelled many orders to release them for the community to buy but unfortunately this was only after the whitelist period had closed. • During this time, the market price of ETH fluctuated heavily from $741.47 to $455.24 with a high of $1385.06 and low $370.85. Although we fixed our rates to absorb the risks of fluctuations and make it the same level field for everyone, the market changes affected people’s decisions. Will this impact the roadmap? Yes – we will have to adjust our roadmap but we have gained momentum and will be persevering and will delivering our alpha as planned. Also, it’s worth noting that outside of our business paper we have spun-off our Quant Sentry offering which serves as a new revenue stream for Quant. As way of background, Sentry is our custom built KYC and token generation platform that we developed for our own event that we are now offering to other projects. We recently signed our first customer and will be sharing more details on that very soon. We’re also launching Quant Health as a dedicated division to help solve some of the challenges in Healthcare, especially in the US with the challenges with the opioid crisis. Most of the issues can be helped with data and network interoperability which is what we’re specialised in! What about Exchanges? • We just want to take this time to reiterate to our community that QNT remains a utility token and is governed by the FINMA guidelines. As such, our priority remains ensuring its ‘utility’ and the uptake of our technology. • The team are very busy right now and are having multiple meetings with the leadership teams of a number of Fortune 500

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