PACIOSemantic Blockchain for Business DataPrivate Placement08 August 2018

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1. The technology

• High performance, scalable, low cost decentralised semantic blockchain to deliver Data without Boundaries

• Connecting the world’s (business) data in a standardised, interoperable way across blockchains/apps/entities/standards/jurisdictions with built in accounting and management

• Making the data secure, and under the control of its creators

2. Pacio product

• An application platform, blockchain and API for app developers enabling scale and interoperability

• PIO token driving the platform, a cryptocurrency in its own right with advanced governance and issuance reward features

• An app store where developers can make their apps available • Ultimately hundreds of thousands of apps -> a world of greater freedom,

choice, and opportunity

3. First verticals

• Identity apps to facilitate interoperability • Business management apps using TARI® for different verticals, countries,

and languages • Personal data exchange and sale apps • (Single Entry) Accounting and Financial Reporting on Blockchain • Fiat and crypto payments and transfers

Pacio in a nutshell

* Citizens or residents of the USA and Canada cannot take part in this placement.

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Data is the key to everything in today’s connected world, including power and wealth.

All entities and people, from Australia to Zimbabwe, will need standardised ways to store, access, compare, manage, analyse, exchange, transact, and audit their data.

Yet the reality is far from that, with most data held in isolated incompatible silos, often controlled by others for their benefit rather than for the benefit of the creator. The result is a huge loss of opportunity versus what could be, expensive inefficiencies, loss of control, loss of privacy, and security holes providing a bonanza for criminals.

Pacio will change the reality by delivering the Data without Boundaries future to reduce data redundancy, knowledge gaps, fraud, and expense while increasing opportunities, privacy, and security. Data silos will be replaced by harmonised real time knowledge.

This needs a new standard and an environment where data is standardised and controlled by its owner. Pacio is creating this standard.

The Pacio platform will provide the means for applications, wherever they run, to: • Standardise and simplify the storage, exchange, and comparison of data, both

inside an entity and globally, via immutable decentralised data in the semantic blockchain

• Improve security and privacy, with entities and people having full control of their data

• Reduce the cost of storing, managing, comparing, and processing data • Process Crypto and Fiat transactions quickly, at zero cost to end users • Include Fiat and Crypto accounting and management as an intrinsic part of the

system: - Transparent, immutable and incorruptible intra and inter entity accounting to reduce costs and minimise fraud

- Comparable data across entities and jurisdictions to reduce waste and errors - Provide real time business insights to boost bottom-line performance

Pacio has identified that:

• The need to process standardised data interoperably without boundaries will explode

• No existing system adequately addresses the need

Data without Boundaries

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How

• Pacio will achieve its Data without Boundaries vision via a high performance, scalable, low cost decentralised semantic blockchain based platform that provides a wide range of features and services for applications, wherever they run. Apps powered by Pacio will be ‘accounting’ or ‘management’ feature-rich at every level.

• The Pacio platform and ecosystem will incorporate: • The Pacio Blockchain built on the Cosmos blockchain open source software.

Cosmos is “a network of blockchains whose purpose is to solve long-standing problems in cryptocurrency and blockchain communities. The end goal is to allow many sovereign and easy-to-develop blockchains to scale and interoperate with each other, creating an Internet of Blockchains.”

• The PIO cryptocurrency as the intrinsic currency of the Pacio Blockchain. The PIO will pay issuance rewards to holders of 25% of newly minted PIOs. (Pacio will support fiat and other crypto currencies too in a blockchain agnostic manner.)

• A Constitution and Governance Council to provide governance for the benefit of the whole Pacio community

• The Pacio Database built on the decentralised database BigchainDB (with scalability proposed via Cosmos), Holochains, IPFS for files, IPLD, the data model of the content-addressable web, and The Web Ledger Protocol 1.0, to implement the Pacio Standardised Semantic Information Model (SSIM). The data will be flexibly defined using SSIM Data Objects (SDOs) and SSIM Taxonomies, with what is private or public set by owners, private by default. Entities will be able to use separate private chains or databases if they so choose. It will be possible to store legacy data in its original form.

• TARI® (Target Average Rate Index), invented and developed by Pacio founders Dr Keith Cleland and Trevor Watters, built on SSIM. TARI® allows feedback to effect business improvement in real time, rather than only by analysis after the event. TARI® has proved to be the most effective and least expensive means of improving productivity and bottom line performance across the business spectrum.

• An API (Applications Programming Interface) to make the power of Pacio available to applications developers. Any app or dApp (smart contract), wherever it runs, whether blockchain based or not, will be able to use the Pacio API.

• Utilities for administration, wallet operations, and real time public data capture processes to support the API services.

• Ecosystem development and support

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The Cost Entities running applications via Pacio will pay for storage and bandwidth at competitive prices. Basic API operations will be free, with more advanced use of the API fee based.

End user pricing will be set by app developers, as for Web sites. In most cases, as for the web, end user pricing is expected to be zero, with the big difference that users will not be subject to the hidden cost of their data being packaged and sold on to others, as Google, Facebook etc do, unless via an app where they choose to sell their data.

The Result Pacio will simplify development of powerful general, and market specific apps which have full access to all the Pacio features described above. This will enable developers to open new ways of doing business, all with integrated automatic accounting and real time management.

The result will be an explosion of applications and thus of users of Pacio based applications.

In these ways Pacio will achieve its Data without Boundaries vision.

In the process, the PIO will increase in value, and Pacio Core will become profitable and able to keep developing Pacio and the Pacio ecosystem indefinitely.

The founders have pioneered digital accounting and management data practice over four decades and are ideally placed to shape business data in the 21st Century.

The Pacio concepts have been decades in the making. The confluence of third generation blockchains, and ICOs for funding, make them achievable.

In achieving its plans to empower online applications to realise the capability of decentralised blockchain technology to provide safer, more inclusive, fairer, more productive, lower cost systems and new opportunities for society, business, and government, Pacio can both do good in the world, helping to lift ever more people out of poverty, and become a successful venture which generates good and even possibly spectacular returns for its supporters.

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Apps powered by Pacio will:• Provide real-time feedback to improve business results• Efficiently process zero-fee crypto, fiat, or other payments/

transfers/transactions between people and entities• Eliminate double entries for inter entity exchanges• Reduce costs• Increase safety• Reduce disputes• Speed up payments• Permit inter entity/jurisdiction/app operations or comparisons• Facilitate audits where needed• Minimise opportunities for fraud• Provide far better privacy protection

Pacio data will be private or public as set by its creator or owner, including for just part of a record eg a person’s name might be public, but not his/her email address or birthdate.

Pacio data storage will involve a network of blockchains, decentralised databases, and decentralised file storage systems. This structure will allow entities to keep their data private, other than common index and shared triple entry accounting (TEA) transaction data. Entity private data could be stored however an entity chooses, whether in local or cloud databases, or in a completely separate distributed database or chain that is private and unique to them. The index and TEA data will be shared via the Pacio system. This will tie the whole network together, akin to the Internet’s DNS (Domain Name System) that was one of the first distributed databases.

Any data aggregation for analysis or research will be on a selective opt-in basis, with the default always being to opt out. Homomorphic encryption will be considered for any data aggregation services. Homomorphic encryption permits analysis without the raw data being decrypted i.e. the original data never needs to be viewed in plain text form by any analysis system.

Privacy Protection

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Features

Standardised semantic blockchainPacio will use the Standardised Semantic Information Model (SSIM) to store data• in a standardised way to be globally interoperable and comparable across

entities, jurisdictions/regions, languages, and accounting standards• of any type, financial or otherwise, in a semantic way (= data referenced by

its content or what it is about).

SSIM allows semantic querying and standardised semantic reporting with interfaces to international standards and data/report languages such as XBRL.

Business improvement via TARI®TARI® (Target Average Rate Index), invented and developed by Pacio founders Dr Keith Cleland and Trevor Watters, is a management methodology built into Pacio. TARI® allows feedback to effect business improvement in real time, rather than only by analysis after the event.

Accounting and management features

• Recording transactions in any fiat or crypto currency, or a mixture, with on-the-fly conversions

• Traditional double entry Dr and Cr accounting• Blockchain triple entry accounting (TEA)• Activity data used by TARI®, which is not recorded by most accounting

packages• Control over access to data• Inter person, inter entity, and inter app transactions• Inter blockchain transactions

Inherited third-generation blockchain and decentralised database

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features

• Improved safety with no central point of control• Removal of the need for trusted third parties thanks to blockchain

Byzantine fault tolerant consensus• Zero cost transactions for apps• Scalability• Responsiveness with transactions confirmed within seconds• Smart contracts written in any language a developer chooses

Enhanced blockchain features

• Cryptocurrency with multiple purposes, the PIO - is used by app deployers to pay for network, storage, and advanced API use, optionally converted to any other currency at payment time

- is fully traceable, to provide a clear trail in the event of theft - serves as a general cryptocurrency - pays an issuance reward of 25% of newly minted PIOs in proportion to the PIOs held

• Governance emphasis regarding a constitution and voting, including governance app support, and the role of the Pacio Governance Council

Additional services

• Global digital identity support for individuals and entities• Data exchange/monetisation support for decentralised data exchange

(DDEX) apps• Authenticated accounting and other real world data feeds • Event triggers to initiate intra or inter app/entity app actions • Governance support to governance apps to be written• Ricardian contracts (internet of agreements) support• An Internet of Things (IoT) interface• An artificial intelligence interface

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1BILLION Total emission of PIOE token

470 Mill.

280 Mill.

250 Mill.

Public Reserve

Sale

Pacio

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PIOE Tokens in Millions

Price US Cents Equiv

Total Price in US $‘000

PIOE Minted 1,000

Seed Presale 0.2% 2 5.00 100Private Placement 3.2% 32 6.25 2,000 Public Sale Stage 1 3.2% 32 7.50 2,400 Public Sale Stage 2 3.2% 32 8.75 2,800 Public Sale Stage 3 35.0% 350 10.00 35,000 Total Sale 448 42,300

Bounties & Advisors 5.0% 22 10.00 2,200Reserve 28.0% 280Total Public 750

Pacio Core Ltd (PCL) 250Total PIOE at TGE 1,000 44,500

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Token distribution

0. PIOEs which will be converted to PIOs once the Pacio Blockchain launches

1. Seed presale was successfully concluded in December 2017.

2. Private placement June and July 2018. It is by invitation only. Stages 1-3 of the public sale start in August 2018. They commence at the same time. Price guarantees for Stages 1 and 2 are on a first-come, first-served basis.

3. Stage 1 minimum investment of 50 Eth

4. Stage 2 minimum investment of 5 Eth

5. Stage 3 Minimum investment of 0.1 Eth

6. Covers bounties, airdrop, referral commissions, advisors and services for a total of 5% of the TGE (= Token Generation Event) apart from the seed presale

7. Held in reserve for growth funding TGEs if required after release of all TGE funds, subject to Governance Council approval and member vote, at market price at that time.

8. Vesting at MVP launch

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11DAICOPacio will execute a new model of public token sale, DAICO, firstproposed by Vitalik Buterin, with Pacio improvements. It takesinto account that it is neither necessary nor beneficial for projectsto have access to all the funds without further proof of viabilityand performance.

The Pacio hard cap is USD 42 million, with the funds to be released in five tranches according to roadmap achievement and member voting, managed via the governance mechanisms coded in Pacio’s smart contract. Members who are not interested in voting may appoint a proxy.

6m

8m

10m

Q3 2018

Q3 2019

Q3 2020

Q3 2021

Q3 2022

Funds attribution

7.2

11.8 12.5The total projected funding requirement of 35.6 m allows a safety margin of 6.7 m versus the full raising.

4.1

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Funds distribution

18.5 % Pacio Core Development

38% Nurturing Ecosystem

37% Marketing, Sales,Partnerships

5.5% HR, Overheads

1% Legal

See a detailed P&L on page 22

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13ROADMAP

Seed Sale success-fully concluded with a result of USD 100.000. Vision, Whitepaper, Token Model, Bud-get Plan, Revenue Streams prepared.

Private Placement with 32 million tokens at a price of $0.0625 to raise USD 2 million.

Pre-screening for executive positions.

Start of DAICO. Building and engaging the com-munity, marketing the sale.

Building the core team. HR structure in place.

Start building Pacio core blockchain.

Seed sale

Private Place- ment

DAICO

Dec. 2017 Q3 2018 Q4 2018

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Dec. 2017 May 2018 July 20 Q4/2018 2019 2020 2021 2022

Conclude DAICO. Release of first tranche of fund.

DAICO KYC audit

Develop the consti-tution in consul-tation with token purchasers

Start marketing Pacio to developers

Community building via meetups and conference atten-dances

Appoint initial Pacio Governance Council members

Release of funding tranches 2 and 3

Continue MVP development

Commence SSIM development work

Marketing of Pacio to developers

End of Q3: Launch Pacio Blockchain testnet and alpha MVP

Give grants to external developers working with the Pacio Blockchain

Start development of a TARI® app as one of the sample Pacio apps

End of Q4: Launch MVP

Release of funding tranches 4

Continue SSIM development

Develop other core technologies, ser-vices, and utilities

Continue marketing and ecosystem building activities

End of Q3: Launch of full Pacio Block-chain with SSIM

Implement TARI® on Blockchain with recipients of grants.

Release of funding tranches 5 Continue develop-ment, including for additional services

Continue marketing and ecosystem building activities

Initiate growth phase through network growth of developer numbers and industry part-nerships

DAICO end

MVP

Full app plat-form

Grow ecosys-tem

Continue develop-ment, including for additional services

Continue marketing and ecosystem building activities

Achieve sustainable profit from new issuance and fees to continue growth

Grow cor-poration

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The Pacio MVP will be a completely functional blockchain anddistributed database system superior to current offerings. It will enable the launch and conversion of PIOEs to PIOs and marketing to external developers to start developing on the Pacioblockchain, even though it will not include all attributes of theSSIM (standardised semantic information model) and the moreadvanced services and utilities planned for Pacio, which will follow.

The MVP will cover: 1. Pacio Blockchain with smart contract capability using any developer

preferred language which can use the Cosmos ABCI interface, which is any modern language, i.e. not restricted to Solidity and a few others as for Ethereum, or C++ as for EOS

2. PIO implemented including issuance rewards

3. DB and file storage ability (though not yet SSIM and full taxonomy support)

4. Scalability

5. Inter blockchain support courtesy of Cosmos

6. App support JavaScript including at least a wallet

7. Design for SSIM is complete, and work has started

8. Design for TEA, TARI® and planned services is complete

9. Governance via Pacio Governance Council functioning

Note: It would be possible to build an app similar to TARI® for Business or TARI®SaaS at this stage, although without the full integration with an entity’s accounting records that Pacio with functioning SSIM and Interoperable Business Documents will permit.

This results in

• the switch from PIOEs to PIOs with the launch of Pacio Blockchain• a 3rd generation application platform similar to or better than others

such as Zilliqa• hub and zone capability providing great flexibility to app

developers• inter blockchain capability courtesy of Cosmos• an Ethereum competitor (better scalability, zero transaction fees,

choice of languages, DB/storage, more flexible, better design e.g. not 256 bit integers)

MVP

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MVP CompetitionPacio sees no direct competition to the full Pacio semantic decentralised data platform embodying SSIM, TEA, and TARI®.

Nevertheless, the Pacio MVP has direct competition in all the 3rd generation contenders such as Æternity, Cardano, Cosmos, EOS, Hyperledger, NEO, Wanchain and others.

What distinguishes Pacio: • PIO issuance features• Governance• Clear road map to semantic blockchain via SSIM• TARI® plans• The TEA and Interoperable business documents plans as per the

Technology and Services sections of the white paper• Our ecosystem nurturing

with the SSIM, TARI®, TEA, accounting and management of the full platform being the ultimate differentiators for Pacio.

To be delivered after month: 15

• an EOS competitor (better Byzantine Fault Tolerance thanks to Tendermint, better flexibility, inter Blockchain capability courtesy of Cosmos)

• a competitor to Sia, Storj etc distributed storage systems

• a good step on the path to full Pacio with SSIM, TEA, TARI®

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Potential return & projectionsIt is of course highly speculative to project the future value of a token. Nevertheless, we present the following conservative projections for an investment of $100,000 in the Pacio Private Placement, as our best estimate of what could eventuate for token appreciation and token issuance rewards, given:

• Research of token value development in comparable projects• The assumption that Pacio can create the required community and achieve its

objectives• Calculation of both utility and velocity of the Token.

PP DAICO 2019 2020 2021 2022 2023Note 1 2 3 4 5 6

PIOs Issuance Reward PIO '000 19.5 19.8 20.0 20.2PIOs Held PIO '000 1,600 1,600 1,600 1,620 1,639 1,659 1,679Price per PIO US$ 0.0625 0.1 0.2 2.0 4.0 8.0 16.0Pacio Market Cap (7) US$ Mln - 72 144 1,513 3,177 6,671 14,008Value of Investor's PIOs US$'000 100 160 320 3,239 6,557 13,274 26,872Gain 0% 60% 220% 3,139% 6,457% 13,174% 26,772%

1. On completion of the public DAICO2. End of 2019 after full ICO with MVP ready, PIO @ $0.20 and

market cap of $144 million. PIO price up from the ICO price on the basis of development progress and positive PR/Marketing, but by a conservative amount for projection purposes.

3. End of 2020, 1 year after MVP with PIO @ $2, market cap of $1513 million. PIO price up from the 2019 year 1 price by 10 on the basis of MVP launch and use plus 1 more year of development, marketing, and user growth, which gives a cautious market cap for projection purposes when compared with other projects such as Cardano or Tron that have a much higher market cap even when not live.

4. End of 2021, 2 years after MVP with PIO @ $4, market cap of

$ million. PIO price up from the 2020 price by 2 on the basis of 1 more year of development, marketing, and user growth

5. End of 2022, 3 years after MVP with PIO @ $8, market cap of $6671 million. PIO price up from the 2021 price by 2 on the basis of 1 more year of development, marketing, and user growth

6. End of 2023 year, 4 years after MVP with PIO @ $16, market cap of $14008 million. PIO price up from the 2022 price by 2 on the basis of 1 more year of development, marketing, and user growth, with applications deployed on Pacio growing exponentially.

7. VS $8,940 million for Cardano, $5,948 million for Tron, or $68,000 for Ethereum at the end of April 2018

Token return for an investment of $100,000

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Executive boardDavid HartleyCEO & CTO

David became one of Australia’s leading entrepreneurs in the70s and 80s, supplying solutions (software and hardware) for theaccountancy profession and enterprises in 15 countries aroundthe world. David’s career also included ventures in Hong Kong, New Zealand, UK, Antigua & Barbuda, Panama, and now Saint Lucia. The systems developed by David’s various firms have produced and to this day continue to produce financial statements for millions of businesses.

David undertook a period of research about modern accountingand financial reporting needs post XBRL from 2011 to 2013, thenblockchain from 2014, including formal study in 2017 via B9LabAcademy leading to the Ethereum Blockchain Developer certification. David conceived the idea of combining his knowledge and work with that of his co-founders, and 3rd-generation blockchain advances, to deliver the Pacio solution.

Keith N. ClelandExecutive Director & TARI® Architect

Currently Professor and Head of the Financial Management Department, IBR School of Executive Management, Steinbeis University Berlin. Professor Dr Keith Cleland’s background includes seagoing as a cadet and navigating officer, consulting with an international consulting group, full professor and Head of Departments of Accounting and Business Studies at three universities, chairman of private and public companies and co-founder of the International Christian Chambers of Commerce.

For the past twenty-five years, he has actively consulted with the accounting profession and their business clients, helping identify and provide solutions for underlying business problems, which led to the crystallisation of TARI® software currently installed in numerous accounting practices and adopted by numerous businesses, small and large, with turnovers ranging from USD 250,000 to USD 12 billion.

Keith has published many papers and books on accounting and TARI®.

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Trevor WattersExecutive Director & TARI® implementation

Moved from a banking background to grow a CPA public practicearound business clients from manufacturing, service, contracting andretail sectors.

As Technical Co-Director of Focus Based Management Pty. Ltd.,Trevor was instrumental in developing TARI® related software to helpbusiness advisers and their clients apply the findings fromthe research undertaken by Dr Cleland, which was taking place at thecoalface of business.

His software has become a key tool for quickly identifying andeliminating the key obstacles to an improved bottom line. Businessesexperiencing difficulties and winning only 1 in 16 quotes found theywere now winning 1 in 4 quotes; businesses putting 25% on theirjobs to cover profit and never ending up with more than 5%, foundthemselves achieving profits they could never have imagined. Andnot just manufacturing and service sectors, distributors and retailersalso found a new way of looking at their businesses seeing changefor the better within a matter of weeks.

Trevor supervised support and upgrades for more than 750accounting practices in Australia and overseas, and conductedintroductory and advanced workshops in management advisorytechniques.

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Team

Marcell NimfuehrCMOTrained Software Developer and 15 years experience in strategic communications (Doctors Without Borders among others). Author of a Book on Bitcoin & Blockchain. CMO/COO in ICO of Tradershub.io in early 2018.

Ken FontiusKen is the Web lead for Pacio Ltd and is based in St. Lucia.

Francisca VaessenInternationalisation Manager & Community Manager for the Pacio DAICO.

Alex CortSocial Media specialist.

See more details on team and advisors on pacio.io.

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Board of advisors

Kerry Hogan Nicholas John Zahid ImramAdvisor Attorney at Law Funding Advisor Middle East

David Gardner Martyn Rivett Benjamin ZorioStrategic Alliances Expert Technologist Funding Advisor and Conference Representative

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Revenue 2018/19* 2020 2021 2022 2023Block Producer Revenue (a) 100 - 540 1,134 2,382 5,003 PCL share of new PIO (b) US $‘000 - 12,195 24,390 48,780 Storage Fees US $‘000 - 5 11 104 1,519 Bandwidth Fees US $‘000 - 0.07 0.15 1.30 17.42 API Fees (c) US $‘000 - 229 565 5,273 76,697 Total Revenue US $‘000 - 6,872 13,906 32,151 132,017

Expenses 2018/19* 2020 2021 2022 2023Servers and bandwidth (d) US $‘000 50 52 56 102 809 Human Resources (e) US $‘000 2,187 5,500 7,761 10,637 16,647 Marketing & conferences (f) US $‘000 2,187 5,500 7,761 10,637 16,647 Ecosystem nurturing (g) US $‘000 2,733 6,875 9,701 13,296 20,809 Office space rent, utilites (h) US $‘000 109 275 388 532 832 Travel and meetings (i) US $‘000 55 137 194 266 416 Legal costs (j) US $‘000 100 100 139 322 1,320Other misc expenses (k) US $‘000 22 55 78 106 166 Total Expenses US $‘000 7,442 18,494 26,077 35,898 57,647 Net Profit/Loss US $‘000 -7,442 -11,622 -12,171 -3,747 74,369

(a) With PCL running 1 of 100 block producing nodes.(b) Token value projection - 2018/19:US$ 0.20, 2020:US$ 2.00, 2021:US$ 4.00, 2022:US$ 8.00, 2023:US$ 16.00(c) API fees are paid 50% to block producers and 50% to PCL. (d) Server cost calculated as $50,000 pa base cost plus 50% of storage fees(e) From Human Resources schedule below (f) Budgetted as 100% of HR cost(g) Budgetted as 125% of HR cost(h) Budgetted as 5% of HR cost(i) Budgetted as 2.5% of HR cost(j) Budgetted as 1% of Revenue, minimum $100,000, with $200,000 included in Pre TGE cash flow(k) Budgetted as 1% of HR cost

* 2018/19 is a 15 month “year” from the end of the full DAICO in 2018 to the end of calendar 2019 and the MVP release

Pacio Core Ltd P&L

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Numbers 2018 18/19 2020 2021 2022 2023Development team (a) 3 10 20 30 40 50 Marketing team (b) 4 15 20 25 30 35 Customer Service (c) 0 10 11 12 18 74 Administration (d) 0 5 6 6 9 37 C-Level 3 6 6 6 6 6 Advisors/Council Members 5 5 5 5 5 5 Total team size 15 51 68 84 108 207

Expense 18/19 2020 2021 2022 2023CEO 1,2,3 US$'000 - 200 220 242 266 Chief Architect 1,3 US$'000 100 100 110 121 133 CTO 1,3 US$'000 100 100 110 121 133 CMO 1,3 US$'000 100 100 110 121 133 COO 1,3 US$'000 100 100 110 121 133 CFO 1,3 US$'000 38 75 83 91 100 Development team 1,4 US$'000 325 750 1,375 2,118 2,995 Marketing team 1,4 US$'000 361 665 941 1,264 1,644 Customer Service team 1,4 US$'000 125 263 316 454 1,531 Administration team 1,4 US$'000 43 89 108 154 520 Performance Achievement 1 US$'000 646 2,442 3,482 4,807 7,588 Bonus for Excellence 5 US$’000 - 366 522 721 1,138 Advisors/Council Members 6 US$’000 250 250 275 303 333 Human Resources Expense US$'000 2,187 5,500 7,761 10,637 16,647

Human resources

a. Directly employed developers whether local or remote, growth limited to 10 per annum from year 1 onwards due to the difficulty finding and hiring good developers.

b. Growth budgetted as 5 per annum from year 1 onwards.

c. Estimated as a base of 10 plus 2 per thousand application developers using Pacio.

d. Estimated as a base of 5 plus 1 per thousand application developers using Pacio.

1. Human resource costs in the blockchain world are high as demand is greater than supply. This may mean taking on some staff who are still learning, yet who have inflated earnings expectations. The proposed solution is to pay roughly half market rates as the base salary, with the other 50% to be paid on satisfactory performanace.

2. CEO to be appointed with David Hartley to act as Chief Architect3. Expected base salary as shown plus 100% performance achievement payment and possible excellence

bonus with a 10% annual increment from 20214. Estimated average team member salary as shown plus 100% performance achievement payment and

possible excellence bonus, with a 10% annual increment from 20215. Bonus to be paid for excellent (beyond requirement) performance6. Base of US$50,000 pa, with a 10% annual increment from 2021

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Year 18/19 2020 2021 2022 2023Application developer growth rate # 2 4 8Application developers using Pacio ‘000 - 0.5 1 4 32Ave number of apps per developer # - 1 1.5 2 2Apps using Pacio at year end ‘000 - 1 2 8 64Individuals per developer # - 2 2.5 3.0 3.5Pacio development community size ‘000 0.1 1 3 12 112Average number of users per app 50% - 100 150 225 338Number of users of Pacio via apps ‘000 - 50 225 1,800 21,600Ave transactions per user per day # - 2 3 5 7Transactions per second # - 1 8 94 1,688 StorageAverage storage per user TB - 0.25 0.31 0.39 0.49 Total DB size at year end PB - 12 69 687 10,300 Storage fee per TB per month PIO 10.0 1.00 0.50 0.25 0.13 Storage fee revenue for the year PIO’000 - 413 373 1,740 12,656 Storage fee revenue for the year US$’000 454 1,118 10,441 151,875 BandwidthAverage bandwidth per user per day GB - 0.50 0.58 0.66 0.76 Total bandwidth usage per month PB - 0.7 3.7 34 470 Bandwidth fee per TB PIO 2.50 0.25 0.13 0.06 0.03 Bandwidth fee revenue for the year PIO‘000 - 6 5 22 145 Bandwidth fee revenue for the year US$’000 - 7 15 130 1,742 API UseAPI fee revenue per year US$’000 - 454 1,118 10,441 151,875

Total Fee Revenue US$’000 - 914 2,251 21,013 305,492

User & fee projections

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18/19 2020 2021 2022 2023

PIOs Issued in Year (a) PIO Mln - 36.0 37.8 39.7 41.7

PIOs in Circulation at Year End PIO Mln 720 756 794 834 876Value of Newly Issued PIOs in Year (b)

US$ Mln - 72 151 318 667

Block Producer Share (c) US$ Mln - 54 113 238 500

Share to PIO Holders US$ Mln - 18 38 79 167

(a) At an annual issuance rate of 5%(b) Value at year end(c) Assuming that 75% of the annual issuance value is the new block producer reward, with the balance going to token holders in proportion to their holdings

token issuance

Inflow in US$ Mln 2018 18/19 2020 2021 2022 2023Seed presale in 2017 0.1 - - - - -Private placement 2.0 - - - - -Profit/Loss - - - - - 74.4Total Inflow 2.1 - - - - 74.4

Outflow in US$ MlnCapital Expenditure 0.05 0.1 0.2 0.3 0.4 0.6Legal 0.20

TGE marketing 1,00 - - - - -PCL expenes up to TGE 0.50 - - - - -Profit/Loss - 7.4 12 12 3.7 -Total Outflow 1.8 7.5 11.8 12.5 4.1 0.6

Net cash flow 0.4 -7.5 -11.8 -12.5 -4.1 73.7 Cumulative Cash 0.4 -7.2 -19.0 -31.5 -35.6 38.1

Cash flow

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Revenue 2019 2020 2021 2022 2023Block Producer Issuance Revenue (1) US$'000 - 540 1,134 2,382 5,003 Storage Fees US$'000 5 11 104 1,519 Bandwidth Fees US$'000 0 0 1 17 API Fees (2) US$'000 2 6 52 759 Total Revenue US$'000 - 547 1,151 2,540 7,299

Expenses 2019 2020 2021 2022 2023Servers and bandwidth (3) US$'000 52 56 102 809 Human Resources US$'000 150 165 182 200 Total Expenses US$'000 202 221 284 1,009 Net Profit US$'000 345 931 2,257 6,290 Profit Return on Investment (4) US$'000 - 230% 621% 15,04% 4,193%

Return for block producer node

1. With investor running 1 of 100 block producing nodes

2. API fees are paid 50% to block producers and 50% to PCL

3. Server cost calculated as $50,000 pa base cost plus 50% of storage fees

4. Where investment is the PP investment of $100,000 which entitled the investor to optionally run a block producer node, and the $50,000 capital cost.

The Pacio blockchain will be run by 100 Block Producer Nodes, which can be created and maintained by larger token holders. Participation in the private placement for an amount of $100,000 or greater would entitle an investor to optionally run one node per $100,000 invested. Node owners are compensated for the effort of running the node and holding tokens, giving the following potential additional return:

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Token Private Placement Terms and Conditions

Please read these Token Private Placement Terms and Conditions (“the Terms”) very carefully. If you do not understand, agree or accept them please do not purchase tokens in this Pacio Private Placement.Citizens or residents of the USA and Canada cannot take part in this placement.

1. Definitions, Statements of Status and Intent1.1 The Token Private Placement covered by the Terms is to provide part of the funding for the development and instantiation (deployment) of an application platform named Pacio which incorporates a blockchain also named Pacio (“the Pacio Blockchain”).1.2 The Pacio White Paper (“the White Paper”) to be found in pdf form at https://www.pacio.io/docs/Pacio_White_Paper.pdf, as updated from time to time, provides details of Pacio plans and intentions.1.3 Pacio Core Ltd. (“PCL”) is a private International Business Corporation organised and existing under the laws of Saint Lucia, in the Caribbean, registration number 2017-00308, established to develop Pacio. PCL is the company conducting this Private Placement.1.4 The Pacio Blockchain is a blockchain to be instantiated by PCL when the development work planned has reached live deployment stage.1.6 Initial Coin Offering (“ICO”) is a term used to describe the process of offering to the general public for purchase the initial set of cryptocurrency tokens. In this case the full ICO will be run by PCL at a future date as a so called DAICO, which is an improved version of an ICO that provides more control to contributors.1.7 The Pacio Blockchain token is named PIO. The smallest subunit of a PIO is called a Pico. There are one trillion Picos in a PIO. The Private Placement is for an Ethereum blockchain token named PIOE (“Token”), which meets the Ethereum EIP20 (previously known as ERC20) standard. Following deployment of the Pacio Blockchain, PIOE Tokens will be convertible one for one to PIO Tokens. The smallest subunit of a PIOE is also called a Pico. Context makes it clear when a Pico is a subunit of a PIOE or a subunit of a PIO. The White Paper describes PIOs and their unique features.1.8 A total of 1,000,000,000 (one Billion) PIOE Tokens were minted by PCL on deployment to the Ethereum blockchain of the smart contracts being used to run this Private Placement.1.9 The Ethereum smart contracts being used for the Private Placement are the same as those used to run the seed presale in 2017, with some parameters changed for the Private Placement. The Ethereum addresses of the contracts are:PacioICO: 0x2b94E0c6cCB25ccF6B2DfA1A286712eb565437Ee PacioToken: 0x18dfd8c468ed83397C0E1caDAe01E1e65E86d275Contract information may be viewed online via Etherscan:PacioICO: https://etherscan.io/address/0x2b94E0c6cCB25ccF6B2DfA1A286712eb565437Ee PacioToken: https://etherscan.io/address/0x18dfd8c468ed83397C0E1caDAe01E1e65E86d2751.10 New smart contracts will be used for the DAICO. PIOEs issued via the current smart contracts for the Seed Presale and the Private Placement will be transferred to the new DAICO smart contracts.1.11 The current smart contracts for the Seed Presale and the Private Placement do not allow for white listing or KYC/AML (Know Your Customer/Anti Money Laundering) procedures. However, the DAICO will involve KYC/AML procedures, and the smart contracts for the DAICO will only allow contributions from white listed investors who have completed the KYC/AML procedures. Seed Presale and Private Placement contributors, and holders of any transferred PIOE tokens, will need to complete the KYC/AML procedures for the transfer of their PIOE tokens from the current PacioToken contract to the new DAICO token one. If any such PIOE holder should fail to complete the KYC/AML procedures for transfer of their PIOEs to the DAICO contract by the time that the DAICO closes, their contribution will be refunded and PIOE tokens issued to them will be reversed.1.12 The total public share of the tokens is 75%, 2 million (0.2%) in the Seed Presale that was concluded in 2017, 32 million (3.2%) in this Private Placement, 436 million (43.6%) in the DAICO, with 280 million (28%) held in reserve for growth funding ICOs if required after release of all ICO funds, subject to Pacio Governance Council (clause 1.16) approval and member vote, at the then market price.1.13. A notional token allocation to PCL of 250 million tokens (25%) has been made. Actual issue and vesting will only happen after successful completion of the DAICO, and the launch of the planned Minimum Viable Product (MVP) which will allow launch of the Pacio Blockchain and the transfer of PIOE token to PIO tokens.

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1.14 The Private Placement is being run to fund team building, the start of development, and the preparation and running of the subsequent DAICO to complete implementation and delivery of the Pacio Vision described in the White Paper.1.15 The Pacio Constitution is a document that will specify how the Pacio Blockchain is to be operated and governed. It will be prepared after the Private Placement and before the DAICO. Purchasers of PIOs will be asked to agree to and be bound by it.PIO owners will have voting and other rights under the constitution. It will be possible to change the constitution by agreement.1.16 The Pacio Governance Council will be established post completion of the Private Placement. The Governance section of the White Paper describes the planned role and operation of the Governance Council.1.17. The annual increase in the number of minted PIO Tokens is initially proposed to be at the conservative rate of 5%. The actual percentage will be subject to Pacio governance decisions under the proposed Pacio Constitution by the proposed Pacio Governance Council. Of this increase, 75% will be allocated to block producers or miners whose computers run the Pacio Blockchain. The remaining 25% will be issued to existing token holders monthly in proportion to the number of PIOs held, as an issuance or participation reward, so that there will be an increase of 1.25% per annum for PIO owners at the proposed 5% per annum new issuance rate.1.18 Ecosystem or Pacio Ecosystem are terms used to cover all entities and persons involved with Pacio in any way, whether as a token owner, a staff member, a contractor, an open source contributor, an app developer, or a user.

2. AgreementYour purchase of PIOE Tokens during this Private Placement from PCL is subject to the Terms. Each of you and PCL is a “Party” thereto and, together, the “Parties.”By purchasing Tokens from PCL during this Token Private Placement, you agree to be bound by the Terms. If you have any questions regarding the Terms, please contact PCL by email at pcl@pacio.ioThe Terms represent an agreement between the Parties:2.1 Commencement and Duration of Private Placement and DAICO: The Private Placement will begin at 09:00 UTC on 23 May 2018 and end when the available 32,000,000 (32 million) PIOE Tokens have been sold, or the sale is manually stopped. The second phase, the DAICO for 436 million PIOEs available after the Private Placement, will take place in Q3 2018 starting on a date to be announced. That sale will also end when the available PIOEs have been sold, or the sale is manually stopped. The DAICO will be subject to a soft cap. If the soft cap is not reached all contributions will be refunded.2.2 Participation Wallet: To participate in this Token Sale you must have an Ethereum wallet that supports the EIP20 (ERC20) token standard in order to receive the Tokens you purchase. See the Pacio Private Placement page (https://pp.pacio.io/) FAQs for more information regarding this. Do not use exchange wallets.2.3 Currency: The Private Placement accepts only the Ethereum blockchain cryptocurrency called Ether with the symbol ETH.2.4 Price: The Private Placement price for PIOE Tokens is the ETH equivalent of US$0.0625 (6.25 US cents). The planned DAICO price isUS$0.10 (10 US cents). The calculation of the number of PIOEs to be issued for a given ETH contribution will be based on the current ETH/USD exchange rate at the time of purchase. For example, if 1 ETH is worth USD$600 at the time, that would give 9,600 PIOEs per ETH, or to full precision 9,600,000,000,000,000 Picos per ETH.2.5 Delivery of Tokens: Tokens purchased in the Private Placement are delivered to the Ethereum address of your EIP20 wallet immediately the Ethereum blockchain processes the transaction for your contribution. You may add the tokens to your wallet in the normal manner for EIP20 (ERC20) tokens. Or you can verify their issue via Etherscan by visiting the Pacio Token Contract at https://etherscan.io/address/ 0x18dfd8c468ed83397C0E1caDAe01E1e65E86d275#r eadContract and then entering your wallet address into item 9 “balanceOf” and clicking the Query button.2.6 PIOE Tokens Purpose, Use, and Type(a) PIOE Tokens are one for one convertible to PIO Tokens once the Pacio Blockchain launches;(b) PIOE Tokens will be transferable via normal Ethereum EIP20 wallet procedures when the Private Placement closes;(c) PIOE Tokens will be tradeable via cryptocurrency exchanges that chose to list them;(d) PIOE Tokens would be classified as a Security Token under USA regulations, and because US registration of the PIOE has not been completed (it may be done at a later time), this Private Placement excludes citizens or residents of the USA and Canada.

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2.7 PIO Tokens Purpose, Use, and Type(a) PIO Tokens will be the intrinsic cryptocurrency of the Pacio Blockchain, able to be transferred, traded, and used for cryptographic payment or store of value purposes;(b) PIO Tokens will attract an issuance award of 25% of newly minted PIOs in proportion to the number of PIOs owned;(c) PIO Tokens will entitle owners to a vote or say in the governance of the Pacio Blockchain as per the Constitution, as described in the White Paper;(d) PIO Tokens will entitle owners to share in the use of Pacio Blockchain bandwidth, computational, and storage resources, relevant to people or entities wanting to deploy contracts or applications on the Pacio Blockchain;(e) PIO Tokens would be classified as a Security Token under USA regulations, and because US registration has not been completed (it may be done at a later time), this Private Placement excludes citizens or residents of the USA and Canada.2.8 No Other RightsPurchase, ownership, receipt, or possession of PIOE and/or PIO Tokens carries no rights, express or implied, other than those explicitly stated in the Terms. In particular, you understand and accept that Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future dividends, revenue, income, shares, intellectual property rights or any other form of participation in or relating to PCL, or any corporate affiliates, other than the rights explicitly stated in the Terms and or the Pacio Constitution.2.9 Scope of the Terms(a) Unless otherwise stated herein, the Terms only govern your purchase of Tokens from PCL during the Token Private Placement.(b) Any use of Tokens in connection with providing or receiving services in the Pacio ecosystem may be governed by other applicable terms and conditions and policies, to be published at the time of launch of such services.2.10 Finality: All purchases of Tokens from PCL during the Private Placement are final.2.11 Acknowledgment and Assumption of Risks: You acknowledge and accept that there are risks associated with purchasing, owning, and using PIOE and PIO Tokens for the provision or receipt of services in the Pacio Ecosystem. By purchasing Tokens, you expressly acknowledge and assume these risks.2.12 Security: You are responsible for implementing reasonable measures for securing the wallet, vault, or other storage mechanism you use to receive and hold Tokens purchased from PCL, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. PCL is not responsible for any losses, costs, or expenses relating to lost access credentials.2.13 Personal Information: PCL may determine, at its discretion, that it is necessary to obtain certain information about you in order to comply with applicable laws or regulations in connection with selling Tokens to you. You agree to provide such information promptly upon request and acknowledge that PCL may refuse to sell Tokens to you until you provide such requested information and PCL has determined that it is permissible to sell you Tokens under applicable laws or regulations.2.14 Taxes: Any amounts that you pay for Tokens are exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of Tokens, including, for example, sales, use, value added, and similar taxes.2.15 Representations and Warranties: By sending ETH to purchase Tokens from PCL, you represent and warrant that:(a) You have read and understood the Terms;(b) You are not a citizen or resident of the United States of American (USA) or Canada or are otherwise subject to USA laws and regulations;(c) You are not a citizen or resident of a geographic area in which access to or use of blockchain services or the acceptance of delivery of the Tokens is prohibited by applicable law, decree, regulation, treaty, or administrative act. You agree that if your country of residence or other circumstances change such that the above representations are no longer accurate, that you will immediately cease using the Tokens.(d) You understand that the step of transferring PIOE tokens purchased via this Private Placement to the Ethereum smart contracts to be used to run the DAICO (full ICO) that will follow the Private Placement, will require completion of whitelisting (KYC/AML) procedures, and that if you, or any transferee holder of tokens initially purchased by you, should fail to satisfactorily complete whitelisting by the time that the DAICO closes, your contribution will be refunded, and the PIOE tokens that were initially issued to you will be reversed;(e) You have sufficient understanding of technical, financial and business matters, cryptographic tokens, token

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storage mechanisms (such as token wallets), and blockchain technology to understand the Terms and to appreciate the risks and implications of purchasing Tokens;(f) You understand the restrictions and risks associated with the creation of Tokens as set forth herein, and acknowledge and assume all such risks;(g) You have obtained sufficient information about the Tokens, the Services and the Ecosystem to make an informed decision to purchase Tokens;(h) You understand that the Tokens confer no other rights of any form including, but not limited to, any ownership, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights, except as explicitly stated in the Terms;(i) Your purchase of Tokens complies with applicable laws and regulations in your jurisdiction, including, but not limited to, (i) legal capacity and any other threshold requirements in your jurisdiction for the purchase of the Tokens and entering into contracts with PCL, (ii) any foreign exchange or regulatory restrictions applicable to such purchase, and (iii) any governmental or other consents that may need to be obtained;(j) You will comply with any applicable tax obligations in your jurisdiction arising from your purchase of Tokens;(k) If you are purchasing Tokens on behalf of any entity, you are authorized to accept the Terms on such entity’s behalf and that such entity will be responsible for breach of the Terms by you or any other employee or agent of such entity (references to “you” in the Terms refer to you and such entity, jointly);(l) If you are buying Tokens on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organised and validly existing under the applicable laws of the jurisdiction of its organisation, and (ii) you are duly authorised by such legal entity to act on its behalf.2.16 Indemnification(a) To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless PCL and respective past, present and future employees, officers, directors, contractors, consultants, attorneys, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns from and against all claims, demands, actions, damages, losses, costs and expenses (including legal costs) that arise from or relate to (i) your purchase or use of the Tokens, (ii) your responsibilities or obligations under the Terms, (iii) your violation of the Terms, or (iv) your violation of any rights of any other person or entity.(b) PCL reserves the right to exercise sole control over the defence, at your expense, of any claim subject to indemnification under Section 2.16(a). This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and PCL.2.17 Disclaimers(a) Tokens are sold on as “as is” and “as available” basis without warranties of any kind. PCL expressly disclaims all implied warranties as to the Tokens, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and noninfringement.(b) Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this Section 2.17 not apply to you.2.18 Limitation of Liability(a) To the fullest extent permitted by applicable law (i) in no event will PCL or any PCL parties be liable for any indirect, special, incidental, consequential, or exemplary damages of any kind (including, but not limited to, where related to loss of revenue, income or profits, loss of use or data, or damages for business interruption) arising out of or in any way related to the sale or use of the Tokens or otherwise related to these terms, regardless of the form of action, whether based in contract, tort (including, but not limited to, simple negligence, whether active, passive or imputed), or any other legal or equitable theory (even if the party has been advised of the possibility of such damages and regardless of whether such damages were foreseeable), and (ii) in no event will the aggregate liability of PCL and PCL parties (jointly), whether in contract, warranty, tort (including negligence, whether active, passive or imputed), or other theory, arising out of or relating to these terms or the use of or inability to use the Tokens, exceed the amount you pay for the Tokens.(b) The limitations set out in section 2.18(a) will not limit or exclude liability for the gross negligence, fraud or intentional, wilful or reckless misconduct of PCL.(c) Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this Section 2.18 may not apply to you.2.19 Release: To the extent permitted by applicable law, you release PCL and other PCL Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between

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participants in the Ecosystem and the acts or omissions of any third parties.2.20 Dispute Resolution: Arbitration(a) Binding Arbitration. With respect to any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”), you and PCL (i) waive your and PCL’s respective rights to have any and all Disputes arising from or related to the Terms resolved in a court, and (ii) waive your and PCL’s respective rights to a jury trial. Instead, you and PCL will arbitrate Disputes through bindingarbitration.(b) No Class Arbitrations. Class Actions or Representative Actions. Any dispute arising out of or related to the Terms is personal to you and PCL and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.(c) Notice: Informal Dispute Resolution. Each Party will notify the other Party in writing of any arbitrable Dispute within thirty (30) days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to PCL shall be sent by e-mail to PCL at pcl@pacio.io. Notice to you shall be by email to the email address you provide. Your notice must include (i) your name, postal address, email address, telephone number, and the Ethereum address used to purchase your Tokens, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. You may be asked to provide proof that the Ethereum address you supply is owned or controlled by you. If you and PCL cannot agree how to resolve the Dispute within thirty (30) days after the date notice is received by the applicable Party, then either you or PCL may, as appropriate and in accordance with this Section 2.20, commence an arbitration proceeding.(d) Process: Any Dispute arising out or in connection with the Terms, including any questions regarding its existence, validity or termination shall be referred to and finally resolved by binding arbitration in Saint Lucia in accordance with the Arbitration Laws of the Saint Lucia. for the time being in force which rules are deemed to be incorporated by reference into this Section 2.20(d). The arbitration tribunal shall consist of one arbitrator to be appointed by the President of the Bar Association of Saint Lucia. The governing law of the Terms shall be the substantive law of Saint Lucia, without regard to conflict of law rules or principles (whether of the Saint Lucia or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. The language of the arbitration shall be English.2.21 Governing Law and Venue: The Terms will be governed by and construed and enforced in accordance with the laws of Saint Lucia, without regard to conflict of law rules or principles (whether of Saint Lucia or any other jurisdiction) that would cause the application of the laws of any other jurisdiction.2.22 Severability: If any term, clause or provision of the Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from the Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of the Terms.2.23 Miscellaneous: The Terms constitute the entire agreement between you and PCL relating to your purchase of Tokens from PCL. Failure to exercise or enforce any right or provision of the Terms will not operate as a waiver of such right or provision. PCL will not be liable for any delay or failure to perform any obligation under the Terms where the delay or failure results from any cause beyond PCL’s reasonable control. Purchasing Tokens from PCL does not create any form of partnership, joint venture, or any other similar relationship between you and PCL. Except as otherwise provided in herein, the Terms are intended solely for the benefit of you and PCL and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that PCL provides to you, including the Terms, will be provided in electronic form.

Do you want to get in touch? Contact Marcell Nimfuehr at marcell@pacio.io

Pacio Core Ltd Third Floor, Hewanorra House, Trou Garnier Financial Centre Pointe Seraphine, Castries, Saint Lucia, West Indies www.pacio.io

Copyright © 2018 Pacio Core Ltd. All rights reserved.