cask coinWHITEPAPER 2018

pg.2

IMPORTANTNOTICE

PLEASEREADTHISENTIRESECTIONANDDONOTTAKEANYACTIONSUNTILYOUFINISHIT.THISWHITEPAPERISASUMMARYOFCASKCOINBUSINESSMODEL,TECHNOLOGY,ANDBRIEFINTRODUCTIONTOCASKCOINFUNDRAISER’SPRINCIPLES.DETAILEDTERMSANDCONDITIONSOFTHEFUNDRAISERAREPUBLISHEDONCASKCOINWEBPAGE.

IFYOUAREINANYDOUBTASTOTHEACTIONYOUSHOULDTAKE,YOUSHOULDCONSULTYOURLEGAL,FINANCIAL,TAXOROTHERPROFESSIONALADVISOR(S)ANDIMMEDIATELYNAVIGATEAWAYFROMCASKCOINWEBSITEANDDONOTCONTRIBUTETOTHEDEVELOPMENTOFCASKCOIN.

Thiswhitepaper,informationprovidedonCaskCoinwebpageandanyfundraiser’stermsandconditionspublishedbyCaskCoindonotconstituteaprospectusorofferdocumentofanysortandisnotintendedtoconstituteanofferofsecuritiesorasolicitationforinvestmentinsecuritiesinanyjurisdiction.ThetokenstobeissuedbyCaskCoinarenotintendedtoconstitutesecuritiesand/orcollectiveinvestmentunitsinanyjurisdiction.IfyoudecidetocontributetoCaskCoindevelopment,pleasenotethatyourcontributiontoCaskCoindoesnotinvolvetheexchangeofcryptocurrenciesforanyformofsecurities,investmentunitsand/orformofordinarysharesinCaskCoinoranyothercompany,CaskCointokenholderdoesnotreceiveanyformofdividendorotherrevenuerightthatisguaranteedoritparticipatesinprofitsharingscheme.

DuetolegalandregulatoryuncertaintyintheUnitedStatesofAmerica,thecitizensandgreencardholdersofandpersonsresidingintheUnitedStatesofAmericaarenotallowedtoprovidecontributionsandobtainCaskCointokens.CitizensandgreencardholdersofandpersonsresidingintheUnitedStatesofAmericathatparticipateinthefundraiserbyprovidingfalseinformationabouttheircitizenship,residencyplaceandnationalitywillbreachfundraiser’stermsandconditionsandwouldentitleCaskCointorequestsuchpersonstocompensateanydamagesand/orlossessufferedduetothisviolation.

Thewhitepaper,informationprovidedonCaskCoinwebpageandanyfundraiser’stermsandconditionspublishedbyCaskCoinanypartthereofandanycopythereofmustnotbetakenortransmittedtoanycountrywheredistributionordisseminationofthesedocuments/informationisprohibitedorrestricted.

Noregulatoryauthorityhasexaminedorapprovedofanyoftheinformationsetoutinthewhitepaper.

Nosuchactionhasbeenorwillbetakenunderthelaws,regulatoryrequirementsorrulesofanyjurisdiction.

Thepublication,distributionordisseminationofthewhitepaperdonotimplythattheapplicablelaws,regulatoryrequirementsorruleshavebeencompliedwith.

DisclaimerTothemaximumextentpermittedbytheapplicablelaws,regulationsandrules,CaskCoin,itsfounders,teammembersandanythirdpartyinvolvedinCaskCoinprojectshallnotbeliableforanyindirect,special,incidental,consequentialorotherlossesofanykind,intort,contractorotherwise(includingbutnotlimitedtolossofrevenue,incomeorprofits,andlossofuseordata),arisingoutoforinconnectionwithanyacceptanceoforrelianceonthiswhitepaperoranypartthereofand/orinformationprovidedonCaskCoinwebpagebyyou.

AllstatementscontainedinthiswhitepaperandCaskCoinwebpage,statementsmadeinpressreleasesorinanyplaceaccessiblebythepublicandoralstatementsthatmaybemadebyCaskCoin,itsfounders,teammembersandanythirdpartyinvolvedinCaskCoinprojectandactingonbehalfofCaskCoin,thatarenotstatementsofhistoricalfact,constitute“forward-lookingstatements”.

AllstatementsregardingCaskCoin,financialposition,businessstrategies,plansandprospectsandthefutureprospectsoftheindustrywhichCaskCoinisinareforward-lookingstatements.NeitherCaskCoin,itsfounders,teammembers,anythirdpartyinvolvedinCaskCoinprojectnoranyotherpersonrepresents,warrantsand/orundertakesthattheactualfutureresults,

pg.2

performanceorachievementsofCaskCoinwillbeasdiscussedintheseforward-lookingstatements.Thiswhitepaperincludesmarketandindustryinformationandforecaststhathavebeenobtainedfrominternalsurveys,reportsandstudies,whereappropriate,aswellasmarketresearch,publiclyavailableinformationandindustrypublications.Suchsurveys,reports,studies,marketresearch,publiclyavailableinformationandpublicationsgenerallystatethattheinformationthattheycontainhasthefromsourcesbelievedtobereliable,buttherecanbenoassuranceastotheaccuracyorcompletenessofsuchincludedinformation.

Noinformationinthiswhitepapershouldbeconsideredtobebusiness,legal,financialortaxadviceregardingcontributiontothedevelopment

ofCaskCoin.YoushouldbeawarethatyoumayberequiredtobearthefinancialriskofanyobtainedCaskCointokensforanindefiniteperiodoftime.CaskCoindoesnotmakeorpurporttomake,andherebydisclaims,anyrepresentation,warrantyorundertakinginanyformwhatsoevertoanyentityorperson,includinganyrepresentation,warrantyorundertakinginrelationtothetruth,accuracy,andcompletenessofanyoftheinformationsetoutinthiswhitepaper.

TheinformationcontainedontheCaskCoinwebpageandwhitepaperareofdescriptivenatureonly,arenotbindinganddo–unlessexplicitlyreferredtoinfundraiser’stermsandconditions.Nopartofthiswhitepaperistobereproduced,distributedordisseminatedwithoutincludingthissection.

pg.2

TableofContentsBACKGROUND 3CASKCOIN:UNIQUEANDFUTURISTIC 3THEGLOBALMARKETFORDISTILLEDSPIRITS 4THEHIGH-ENDWHISKEYMARKET 5INVESTINGINWHISKY 5THECHALLENGESOFPRIVATEWHISKYINVESTMENT 7THECASKCOINWAREHOUSE 8CASKCOINMANAGEMENTTEAM 10CASKCOINANDUSEOFARC-NETWHISKYBLOCKCHAINPLATFORM 13OWNERSHIPSTRUCTURE 20CASKCOINFINANCIALPROJECTIONS 21TOKENGENERATINGEVENT 22TECHNICALIMPLEMENTATIONOFCASKCOINTOKENS 24INVESTMENTPROCESS 24FURTHERINFORMATION 25STORAGEOFWHISKY 25PHYSICALCUSTODYOFWHISKY? 25TERMSANDCONDITIONS 26GENERALDISCLOSURES 26LEGALDISCLOSURE 26GENERALSECURITYRISKS 29

pg.3

Background

Thehistoryoffiatcurrency,alsocalledtraditionalmoney,ischaracterisedbyuncertainty,unpredictabilityandvolatility.

Overthelast100-yearsorso,governmentshavebeenabletoconvincepeoplethattheirpiecesofpaper,backedbynothingbutpromises,actuallyhave‘value’.Thisseemstrulybizarrewhenyouthinkaboutit.Governmentstendtobeuntrusted,serialfailures.Yetpeoplereadilyaccepttheirguaranteestheworldover.

Thehistoryoffiatmoneyhasproventobeanalmostuninterruptedperiodofinflation,assetbubbles,booms,busts,bailouts,panics,andothercrises.

Whenthequestionisraisedwhetherorwhethernotfiatmoneyhasanyintrinsicvalue,clarityisfoundwhenreferenceismadetotheNixonshockof1971.TheNixonshockwasaseriesofeconomicmeasuresundertakenbyUnitedStatesPresidentRichardNixonin1971,themostsignificantofwhichwastheunilateralcancellationofthedirectinternationalconvertibilityoftheUnitedStatesdollartogold.Sincethentheexchangeratesofnationalcurrencieshavebeenfreefloating.Therefore,itisnotaccuratetoclaimthatfiatmoneyhasanintrinsicvalue.Itisbackedbythegovernmentissuingit,butthatisnotintrinsicvalue.

Assuch,it’shightimeforcreative,thinkingpeopletoconsidertheiroptionsandstarttradingtheirpiecesofpaperforsomethingofvalue.

Weallknowthefamiliarstoryaboutpreciousmetals–goldandsilverhavealong-standingtraditionasstoresofvaluedatingbackthousandsofyears.

Butdidyouknow,forexample,thatintheInAmerica,whiskywasusedascurrencyduringtheAmericanRevolution;GeorgeWashingtonoperatedalargedistilleryatMountVernon.Whiskywasbothastoreofvalueandamediumofexchange.Atthetime,theUShadamongthehighestalcoholconsumptionpercapitaintheworld…andpeopleknewtheycouldalwaystradewhiskyforsomethingelse.Assuch,whiskyhadsignificantvalue.

Caskcoin:UniqueandFuturistic

Oneofthemainconcernsaskedaroundtheworldiswhethercryptocurrencieshaveintrinsicorrealvalues.Somepeoplebelievethatitmayevenhaveazerovalue.

CaskCoinisanassetbackedcryptocurrency.CaskCoincombinesblockchaintechnologywithaphysicalassetinvestmentintheformofmaturingScotchWhisky.

! CaskCoinlimitsexposuretothedownsiderisk.! CaskCoinhasafloorpricerightfromthetimeofitsinception.! EachCaskCoinwillbebackedbyphysicalScotchWhiskymakingthiscryptocurrency

uniqueandsustainablewithsoundrecurringincomere-investedtoensurefuturegrowth.

pg.4

CaskCoinmanagementteamhavesecuredoptiontopurchaseauniquestockofcasksofScotchWhiskywhichwillbemanagedthroughtobottlingusingablockchainplatformdevelopedbyarc-net.Usingthepowerofblockchaininthisprocesscreatessignificantvaluebymarryingtraditionalismwithtechnology.

EachtokenwillrepresentlegalownershipofeachcaskofwhiskyunderpinningCaskCoin.Thesetokenswillbeaccessibleandconvertibleviaexchangestoensureliquidity.

CaskCoinpridesitselfwithaverystronganddynamicmanagementteamwithover150yearsofuniqueexperiencecombinedintheassetmanagementspace,whiskyindustry,software/blockchaindevelopmentandcryptography/informationsecurity.

WhenthecoinsgoonsaleattheInitialCoinOffering(ICO),therewillONLYbe6,500,000tokensavailabletobuy.

AdvantagesforCaskCoinusers:! Diverseassettypeinvestment.! AddedpremiumtothevalueofCaskCoinbecauseofitsusageandon-goingmarket

demand.! TheintrinsicvalueofCaskCoinwillstandthroughthetestoftimesinceitwillalways

remainanassetbackeddigitalcurrency.! CaskCoinmanagementteamwillmanagethewhiskystockonbehalfofitsownersto

maximizevalue,creatingincomewhichwillbeinvestedintomorestockthusincreasingtheassetbaseovertime.

TheGlobalMarketforDistilledSpirits

RevenueintheDistilledSpiritsindustryworldwideisexpectedtogrowasrisingdisposableincomelevelsandexpandingpopulationsacrosstheglobesupportspiritconsumption.Inemergingmarkets,moreconsumersareexpectedtoconsumeagreatervarietyofspirits,whileconsumersindevelopedmarketswillcontinuetotradeuptopremiumandsuper-premiumbrands,drivingrevenuegrowth.Furthermore,theWesternizationofconsumertastesindevelopingregionsandloosertraderegulationswillfacilitatethegrowthofinternationaltrade,whichwillsupporttheperformanceoftheleadingspiritproducers.Industryrevenuetogrowatanaverageannualrateof6.2%to$64.6billionin2020.

Demandindevelopedmarketsisexpectedtoimproveintheupcomingyears,withNorthAmericaandAustraliaoutperformingevensomehistoricallyconsistentEuropeanmarkets.Despitesofteconomicconditionsacrossmostoftheseareas,thetrendtowardpremiumisationisanticipatedtocontinue,withconsumersgraduallytradinguptohigher-valuepremiumspirits.Risingdisposableincome,sophisticatedmarketingandthegrowingpopularityofartisanalcocktailshavecontributedtothistrend.Thegrowthofready-to-drinkcocktailsisalsoexpectedtoaccelerateindevelopedmarketsoverthenextfiveyears,astheglobaleconomyrecoversanddrinkersdemandmorevariety.

pg.5

TheHigh-EndWhiskyMarket

Worldwide,risingpercapitaspiritsconsumptioninemergingcountriesandincreasingdemandforpremiumbrandshavedrivenrevenuegrowthfortheGlobalSpiritsindustry.Followingtheglobalrecession,improvingincomelevelsandpent-updemandforspiritsdroveindustryrevenuetogrowaggressivelyoverthepastfiveyears.

Worldwide,whiskymakesup24.6%ofmanufacturedspiritproducts,makingitthesinglemostpopularalcoholicbeverage.

Growingdemandworldwidehasencouragedtheleadingproducerstoexpandtheirmarketshareintheseregionsthroughacquisitionsandbyexpandingtheiroperationsoverseas.Consequently,industryrevenueisexpectedtoregisteraCAGRofmorethan5%between2016and2020.

InvestinginWhisky

Whiskyisthemost-tradedspiritintheworld.

WhiskyisaninterestingalternativetotraditionaloreventhealternativeSWAG(silver,wine,artandgold)investing.Ithasseveralinterestingcharacteristicsitdoesnotgoofflikewine,butitcanstillbeconsumed,unlikegoldandsilver.Unlikeart,onceitisconsumeditcannotbeconsumedoveragain.Whiskyoffersaninvestmentvehiclewhichcouldincreaseovertime.Untilrecentlyinvestinginwhiskywassomethingreservedforthefew,ittooktime,knowledge,know-howandexpertise.WithCaskCoinsomeofthosechallengeshavebeensimplified.

Whiskyrepresentsone-quarterofUK’sexportsoffoodanddrink.Morethan9,000peopleareemployedintheScotchWhiskybusinesses.Atotalof£4billionworthofwhiskywasexportedin2016.TheScotchWhiskyAssociation,anindustryorganizationprotectingScotchWhisky,reportsmorethan1.2billionbottles are exported annually(almost39bottlesevery second)withsingleMaltScotchexportsnow worthmorethan£1bn.Scotchwasdirectly exportedto182countries showingitstrulyglobalnature.

Goodinvestmentsoftencomeintheformofestablishingownershipofrareproductsandholdingontothoseproductsasthesupplycontinuestodrop,orthequalitycontinuestoimprove.Combinebothofthesefactorsandyouareenteringtheworldofwhiskyinvesting.SingleMaltScotchisrare–ashortageexistsandisnotimproving.Whiledistillersare increasingproductionofsinglemalt,thefactisthata50-yearagedScotchis,bynatureofitsage,decadesfrombeingonthemarket.Seekingoutanidealinvestmentvehicleinwhiskyrequiresfindingalargeenoughbatchofwhiskythatisofhighquality,agedappropriatelyandrare.

pg.6

Whiskyinvestmentshavelowcorrelationwithtraditionalassetclassessuchasbondsandequities. Thismeansthatpricemovementsinthestockmarketarelesslikelytobefollowedbythepriceofwhisky.

Basedonaveragehistoricalprices,newlyproducedScotchoverthepasteightyearsisupabout143percent,excludingstorageandtradingcosts.Overthatsameperiod,goldgained48percentandsilveradvanced55percent.WhiskyalsooutperformedthemainequityindexesinEuropeandJapan.

Analternativeinvestmentinthisspaceiswine.Thewinematuresinthebottlewhilewhiskyonlymaturesinthecask.Afterbeingbottledwhiskyisstableandstopsmaturingafterbottling.Thisaddsalevelofpricestabilitywhichisnotpresentinwineinvestments.

pg.7

Thechallengesofprivatewhiskyinvestment

Themostcompellingreasonforinvestinginwhiskytodayisthatsofewpeoplehave,whichismainlybecauseuntilveryrecentlyitwasalmostimpossibletoinvestin.Whiskyisnearlyvirginterritoryforseriousinvestorsand,inanerawhenexcesscapitalhaschasedupthepricesofalmosteverythingelse,it’sworthseriousconsiderationonthosegroundsalone.Thedeeperyoulookthemoreinterestingitbecomes.

AllScotchwhiskywasoriginallymadefrommaltedbarley.Commercialdistilleriesbeganintroducingwhiskymadefromwheatandryeinthelate18thcentury.ScotchWhiskyisdividedintofivedistinctcategories:singlemaltScotchWhisky,singlegrainScotchWhisky,blendedmaltScotchWhisky(formerlycalled"vattedmalt"or"puremalt"),blendedgrainScotchWhisky,andblendedScotchWhisky.

AllScotchWhiskymustbeagedinoakbarrelsforatleastthreeyears.

Duringmaturation,itcontinuallyimprovesbecomingmorevaluabletobothconsumersandthewhiskytradeasitdoessoallthewayupto18yearsandbeyond.ThisimprovementistheprimaryeconomicforcebehindmakinganinvestmentinmaturingScotch.

Forprivateinvestors,maturingwhisky:

1. Isdifficulttoachievescale2. Iscomplicated(barreltypes,convertingunits,evaporation,taxation)3. Iscapitalintensive(largestoragefacilitiesarerequired)4. Requiresspecialistknowledge(whichof120differentsourcewhiskiesshouldthe

investorbuy,andwhichshouldtheyavoid)5. Hasbeencloselyregulatedtoprotectthegovernment’ssubstantialtaxinterestin

thefinalproduct(undertheWarehousekeepersandOwnersofWarehousedGoodsRegulations[WOWGR]fewindividualshavepermissiontostorewhiskyinbond)

pg.8

6. Visibilityofinvestmentsheldispoorgiventhenecessarystoragearrangementsandlackofcontrolforinvestors.

7. Hasanegativecashyield(i.e.requiresthepayingofsignificantstoragecosts)

Theresultofthesedifficultieshasbeenlowlevelsofinvestmentinstockholdingfromoutsidethedistillingindustryitself.Then,becauseithasremainedonlyasmallpartoftheoverallstockholdinglandscape,thelittlethathasoccurredfromoutsidetheindustryhasnotbeenofasufficientscaletobecomeeconomicallyimportant—andhasbeenpricedasanirritantbythedistillers.

TheCaskCoinWarehouse

Itisgenerallyacceptedthatfinethingsappreciatewithage,ScotchWhiskyisaprimeexample.

MatureScotchWhiskybynaturalandsupernaturalconsumption(the"AngelsShare")becomesrarerandastimepasses,thereareonlyafewofthebestthatstillexisttoday.CaskCoinhasbeenabletosecuresomeofthemostnotableexamplesfromthemostfamousdistilleries,thosemostfavouredbyblendersandsomeofthosedistilleriesthataretodaynolongerinproduction.

TheCaskCoinWarehouseispredominantlyaselectionofagedSingleMaltswhichhavebeenmaturedforbetween25and50years.TheyrepresentsomeofthefinestandmostsoughtafterSingleMaltsoftoday-withmanysimilar(butonlyveryoccasionallyavailable)achievingrecordpricesatauction.TheycomefromallthefamousdistilleryregionsofScotland.

Tobalancetheportfolio,CaskcoinhasagreatervolumeofsimilarlyagedGrainWhiskieswhichallowtheoptionofblendingand"marrying"inproportiontosomeoftheSingleMaltCasks,whichwouldallowmuchgreatermarketexposure.

Itisunlikelythatanopportunitytoparticipateinsuchauniqueselectionwilleverhappenagain.

Forthefirsttimetheopportunityexiststoacquireandholdasignificantstockofmaturingwhiskywithafantasticmixtureofagewithintheportfoliotoallowlongtermtradingandassetmanagement.TheCaskCoinsolutiondispelsallofthebarrierstoentryforwhiskyinvestmentdescribedabove.

Themanagementteamhaveestablishedaholdingcompanywhichwillbethefiduciaryagentforwhiskystockmanaged(CaskCoinLtd.).CaskcointokenholderswillowneachofthesecasksinproportiontotheiroverallholdinginCaskcointoken.CaskCoinLtd.hassecuredanoptiontopurchaseseveral thousandcasksofScotchWhiskywhichiscurrentlymaturinginbondedwarehousesinScotland.

pg.9

CaskCoinLtd.willalsoprovideamanagementservicetoactwhollyonbehalfofCaskCoinholderstoprovideadviceonstockmanagementanddisposal.Theobjectiveofthemanagementteamwillbetomaximizevaluefromeachcaskthrougheithertradingstocktoenhancethevalueoftheportfolioorarrangingbottlingofindividualcasksandthesaleofthosebottlestothemarket.

CaskCoinLtd.willinitiallyprovidemanagementandcustodianservicesinitiallyforatermof7yearsafterwhichCaskCoinholderscanextendtermswithCaskCoinLtd.orelectanewcustodianandmanager.

AllnetproceedsrealizedwillbereinvestedintofurthercasksofimmaturewhiskytoallowthecycletoberepeatedperpetuallythuscreatingagrowingassetbasewhichunderpinsCaskCoin.

HoldersofCaskCoinTokens,theownersofthecasks,willhavefullcontroloverthreecriticaleventsconcernedwitheachcaskbywayofsimplemajorityvote:

1. Whetheracaskisbottled.2. Whethercask/saretradedfordifferentstock.3. Renewalofcustodian/managementcontract.

TheboardofCaskCoinLtd.areboundtoactbythedecisionofCaskCoinHolders.

CaskCoinLtd.willproviderecommendationstotokenholdersconcerningthecaskrelatedevents.

CaskCointokensareissuedonasmartcontract,usingtheERC20protocolonafullydecentralizedandauditableEthereumblockchain.

AkeycomponentoftheCaskCoinofferingisuseofthearc-netwhiskyblockchainplatformwhichwillbeusedinbothanoperationalandcompliancecapacitybutalsoasameanstodrivevalueintotheassetsownedbyCaskCoinholders.

pg.10

CaskCoinManagementTeam

TheCaskCointeambringtogetherauniquesetofbackgroundsandskillssets.

TheteamaremadeupofexpertisefromthewhiskyindustryItself,alongwithfinanceandBlockchainspecialists.

RickyChristie-OperationsDirectorandWhiskyExpert

RickyhasworkedintheScotchIndustryforover40yearsandisawell-knownfigureintheindustry.StartingoutasaStill-manatAuchentoshanDistilleryin1972,hebecameheadblenderatCampbell&ClarkLtd.,jointlyownedbytheSazeracCorporationfromNewOrleans.ThereafterhewasManagingDirectorforseveralyearsattheSpeysideDistilleryCompanywhichwassoldtoTaiwanesein2008.HeownsandcontinuestorunTheNorthofScotlandDistillingCompany,afamilybusiness.

DuringhistimeatSpeyside,heoversaweveryaspectoftheproduction,distillation,maturationandstorage,vattingorblending,design,bottlingandsaleofmanyfinesinglemaltandblendedscotchwhiskiesworldwide(manywinningawards).Hehasbeeninvolvedinthecommissioningoftwonewmaltdistilleries.

TheSpeysideDistillerywasthefirstnewdistillerycommissionedintheIndustryforovertwentyyearsandatStrathleven,thefirsteverCraftdistillery(licensed)inScotland.

HiswealthofexperienceandknowledgeoftheindependentmarketforScotchWhisky,forinvestment,issecondtonone.Hehasalwayssoughttobroadentheawareness,enjoyment– andpotentialprofit,out-withthetraditionalgripofafewmultinationaldrinksConglomerates.

Overthelastfewyears,hehasbeenactingasconsultantandadvisortobothestablishedandnewventuresrelatedtoScotchWhisky.Sourcingsuppliersforclientsandviceversa,allovertheworld,withgreatsuccess.

Hewasrecognizedandawarded“TheKeeperoftheQuiach”inthelate1980’sforhisservicetotheindustryandhiscompaniesareHMRCWOWGRapprovedandholdDistillinglicenses.

pg.11

BarryMillar,CFA–FinanceandComplianceOfficer

Barryisafinancemanagerandinvestmentanalyst.Inaprofessionalwealthmanagementcareerspanning20years,Barryhasspentthebulkofthattimeadvisingclientsintheaffluentandhighnetworthspace.

Forthepast15yearsBarryhasranhisownpracticeprovidingadvisoryservicesacrossmultiplesectorsincludingretail,manufacturingandrenewableenergy.

Barry’sclientsincludebothcorporateandindividualInvestorsalongwithpensionfundswithadvisoryservicesensuringanappropriateinvestmentstrategyiscombinedwithataxefficientenvironmentthatwillenhanceresults.Barryhasprovidedarangeofsolutionsacrossallmajorassetclassesincludingcash;government,highyieldandinvestmentgradebonds;developedandemergingmarketequities;realestate(directandindirect)andalternativeinvestmentsincludingdirectinvestmentintorenewableenergyprojects.

Barryisexperiencedinleadingnewbusinessstartupsandengagingwithmulti-functionalteamstofuelgrowthandexpansionmostrecentlywitharc-netwherehehasafundamentalroleinthedesignanddeliveryofarc-net’swhiskyblockchainsolution.

BarryisaCFACharterholder.

TobiasHauserLic.Advocatur–Non-ExecutiveChairmanandIndependentAdjudicator

TobiasHauserwasbornin1947.HeisthesonofDr.VitalHauser-Stauffacher,son-in-lawofthefounderofthefirm,Dr.WernerStauffacher.Subsequenttofinishinghisstudies,hewasasubstituteadvocateintheadministrativeandthehighCourtoftheCantonGraubunden.Afterfurtherworkwithlawfirms,in1979,hewasadmittedtothebar.Hebeganworkingasalawyeringeneralpractice,butspecialisedmoreandmoreinintellectualpropertyrights(music,films,paintingetc.)andlaterinlookingafterindividualpeopleandfamilieswiththeirinternationallystructuredwealthsituations,includingsuccessionplanning.TobiasHauserspeaksGerman,English,French,ItalianandsomeSpanish.

pg.12

WalterRussell–Non-ExecutiveDirector

Walterspent22yearsinfinancialservicesasawealthmanagerwithZurich(AlliedDunbar).WalterwasafullUnionSquareFinancialServices(USFS)whichwasthelargestprivatepracticeinUKwiththeZurichNetworkwinningbestnationwidepracticeonsixoccasionsfrom1998–2006.

WalterexitedUSFSin2010toco-foundLightsourceRenewableEnergyandservedontheboardasaNon-ExecutiveDirectoruntil2015.Lightsourcedevelopedinaccessof1.1GigawattsofsolarfarmsintheUKandthefounderenjoyedasuccessfulexitin2015whentheassetsofcompanysoldfor£1.1billion.

WalterhasalsospenttimethroughouthiscareerbothdevelopinganddirectingsalesoperationsforpropertyintheUK,EuropeandCanada.Walterdevelopedover215residentialunitsinNorthernIrelandandgeneratedsaleofoverseaspropertyinexcessof€100million.

BrendanSmyth–TechnologyandBlockchainAdviser

Brendanhasheldavarietyofrolesinbothpublicandprivatesectorwithover25yearsofexperience.Hehasspentthepast15yearsestablishingandrunningsuccessfulsoftwaredevelopmentcentresthatdeliverinnovative,highvaluee-commerceproductsforinternationalfinancialservicesorganisations.Hehasmanagedprogramsandmulti-disciplinaryteamsinvariouslocations,coordinatedwithUS/UKbaseddepartmentsintheprovisionofinfrastructureandequipment,communicateandimplementcorporatestrategytoteams,andprovidetechnical/architecturalguidancetodevelopmentteam.Heisaproactiveandasuccessfuldelivery-focusedexecutive.HebringstobearastrongbackgroundinITsystemsdevelopmentandoperationswithastrongemphasisfordevelopinghighperformantcustomerfocusedITdeliveryteams.Hehasastrongpersonalfocusonthedeliveryofqualityproductsandoneofhiskeystrengthsishisabilitytoempowerandleadteamstoachievethesame.

pg.13

PaulBenson–TechnologyandBlockchainAdviser

Paulhasbeenadevelopmenttoolsadministrator,DevOpscultureevangelist&SCMconsultantfor15+years.

Hespecialisesinthedesign,implementationandtransformationofsoftwareconfigurationmanagementsystems,deploymentpipelinesandapplicationenvironmentplatformsenablingthemanagement,controlandautomateddeliveryofsoftwareproducts.Hepossessesexcellentinterpersonalandteamworkskillsandenjoysworkingincreative,dynamicandchallengingteamenvironments.Hethrivesinanenvironmentwhereinitiative,enthusiasmandattentiontodetailareencouraged.

Paulhasdemonstratedexcellentproblem-solvingskillsandanabilitytothinkoutofthebox.Hewelcomesandrespondswelltoresponsibility,pressureandcooperation.Heiswillingandeagertolearnnewskills,explorenewmethodsandtoputhisexistingabilitiesintopractice.

Caskcoinanduseofarc-netwhiskyblockchainplatform

Inordertoensurecompletetransparency,immutablecompliancerecordsandtodriveadditionalvaluetotheassetsCaskCoinLtd.willutilizethearc-netsecureprivateblockchain.(http://arc-net.io/blog/arc-net-adelphi-partnership-blockchain/)

arc-net have also been engaged by CaskCoin to provide technical guidance on the interconnectivity between the arc-net private blockchain and the public Ethereum platform.

arc-nethavedesignedanddeployedaprivatepermissionedblockchaintoassistbrandsand companiestoidentify,trackandauthenticatetheirproductfromrawmaterialthroughtotheconsumer.Workingwithanumberofglobalbrands,arc-nethasbridgedthegap betweenthephysicalassetandthedigitalworldthroughthedistributedpowerof blockchaintechnology.Consumerscannowvalidateaproductsandbrandsprovenanceby interactingdirectlywiththeproductviaasmartphoneortabletdevice which helps brands.createanemotionalbondbetweentheproductandconsumerthroughdigitalinteraction.

arc-netinconnectionwithItscustomerswithinthewhiskyindustrysoughttoaddressthe issuebyestablishingatransparent,secure,connectedcommunityofrawmaterialproviders, producersandpremium/superpremiumwhiskydistillersandbottlers.Byidentifyingandrecordingrawmaterialsuppliersfromthebarleytothewoodusedinthecasksthroughtothesourceofthewater,distillingandmaturationontheprivateblockchain,investors, brokersandconsumerscanaccesstheimmutableblockchainrecordandvalidatetheauthenticityandclaimsmadebythebrandanditsproduce.

pg.14

Neverbeforehasthisbeenachievableeitherbytraditionalrecordkeepingorbyelectronicmeans.Paperbasedrecordsandcentraldatabasescanbecompromisedanddatachanged.Unliketraditionalmethods,thearc-netblockchainbelongstothecommunityandeachmemberhasacopyofthedata,itsrecordedtimeandwhorecordedtheevent.Datacannotbechanged,alteredordeletedwithoutalertingtheothermembersofthechainthereforeremovingtheabilitytocommitfraud.

Inaproductasvaluableaswhisky,itisessentialtonotonlyensureitsprovenancebutalsotoensureitsintegrityandauthenticity.arc-netishelpingbrandstoestablishpremiumandsuperpremiumwhiskyasadigitalassetontheblockchaintoensuretrustthroughtransparency.

Thearc-netplatformisdesignedtogatherproduction,processingandfinalproductdataonasecureprivateBlockchainwhilstensuringcompliancewithScotchwhiskyindustrystandardsthroughouttheprocess.Theoverridingobjectiveistoprovidetheconsumerwithauniqueproductidentifiedwithaverificationcodethatallowsconfirmationoftheprovenanceandheritage.

Theuniqueverificationcodefacilitatesconsumeraccessthroughasmartphoneorothermobiledevice.Inaddition,thesystemwillbeusedtocreateautomated,digitalcompliancerecordsandsubmissionsandtoidentifyandtrackassetsandrecordalleventsassociatedwiththoseassets.

Thearc-netplatformwillprovidetheabilitytocertifyandcommunicatethequalityandgeographicaloriginofitsproducts,andsupportgrowthandsustainabilityoftheScotchwhiskyindustry.

Thearc-netplatformcontainsalltheinformationcollectedalongtheprocesstosupportasingleversionofthetruth,whichinturnformsthebasisofaproduct’sheritageandsupportstherequirementsfortheSpiritDrinksVerificationScheme.CustomerswillhavetheabilitytoutilisetheUniqueQRcodestoidentifyeachbottleandassociatedcasktohelpcreateanemotionalbondbetweenthebrandandtheconsumer.

pg.15

Tosupporttheinputofoperationaldata,arc-nethavedevelopedaGathererApp.ThismobileapplicationprovidesthedistilleryteamwiththeabilitytocapturedatadigitallyandensurecompliancefromanoperationalandHMRCstandpoint.TheapphasbeendesignedwiththeassistanceofaScottishMasterDistillerandutilisesasimpleuserinterfacelinkedtothearc-netblockchain.EachstepofthespiritandwhiskymakingprocesshasbeenchoreographedanddigitisedtoensureeaseofuseaswellassupportingtheneedsoftheMasterDistillerandoperationsplanningteam.Datafromtheapplicationislinkedtothereportingenginewithinthearc-netplatformtoautomateinternalandHMRCreporting.BelowoutlinessomeofthefeaturescreenswithintheGathererApp.

Thiskeyfeatureofthearc-netplatformisenablingCaskCoinHoldingCotorecordandmanageKeyeventswhicharerequiredfromacompliancestandpointprimarily,butalsotoprovidecompletevisibilityofassetrelatedeventstoCaskCoinholders.

pg.16

CaskCoinManagementCowillensurethatallthird-partyinterventionswithassetsheldarerecordedontheblockchainplatform.Thefollowingeventswillbecapturedonthearc-netblockchainforbothcaskspurchasedasparttheoriginalstockbutalsoascasksaretradedorbottledandnewcaskspurchased:

• RegisterACask–Thiswillallowthedistillerytoregisteracask(withauniqueQRtag)tothearc-netplatformandwillincludedetailssuchas:

o Woodtypeo Sizeo Numberofpreviousfills(i.e.1stfilletc.)o Casksourcedfrom

• RecordFillingEvent–ThisallowsthedistillerytorecordthefillingeventofCustomercaskwhichwillincludethefollowingdetails:

o Date/timeoffillo Processstartedbyo Locationoffillevent

• RecordMaturationProcess–Thiswillallowthedistillerytorecordthematurationdataassociatedwithacaskofspiritincluding:

o Startdate/time(percask)o Enddate/time(percask)

• AddWarehouse–Thisallowsamaturationwarehousetoberegisteredontheac-netplatformandwillincludedetailssuchas:

o Locationofwarehouseo HMRCregistrationdetails

• MovetoWarehouse–ThisenablesthedistillerytorecordtheprimarymovementofthefilledcaskattheendofthedistillationprocesstothematurationwarehouseandincludethefollowingdetailsandenablethecompletionofaW8form:

o Date/timeofmoveevento Whomovedcasko Warehousethatcaskisbeingmovedtoo Locationinwarehouseofcask

• RecordInternalWarehouseMove–Thiseventwillrecordif/whenacaskmoveswithinamaturationwarehouse.Itshouldrecord:

o Startlocationo Finishlocationo Whoitwasmovedbyo Reasonformovingo Date/timeofmoveevent

pg.17

• AddTransportDetails–Thiseventrecordsthedetailsoftransportationthatcanbeusedduringinter-processmovemente.g.movingofcasksfromamaturationwarehousetoanapprovedblending&bottlingfacility.Thedetailsthatwillbecapturedforthiseventinclude:

o Nameofvehicleownero Businessaddresswherevehicleisregisteredtoo Typeofvehicleo Registrationdetailsofvehicle

• RecordTransportMovement–Thiseventwillrecordthemovementofa(collectionof)cask(s)inavehiclefortransport.Typesofvehiclesthatcouldbeusedincludeaflatbedlorryfortransportingcasksoravehiclewithaninertcontainer(tanker)fortransportingmultipleblendedcasks.Thiseventwillcapturethefollowingdetails:

o Date/timeofmovemento Startlocationo Endlocationo Cask(s)/Vat(s)tobemovedo TransportVehicletobeusedo Reasonformovemento Whoauthorisedthetransportmovement?

• AddVatDetails–ThiseventwillrecordthedetailsoftheVat’sthatcanbeusedbythedistilleryforthepurposesofblendingwhiskyandwillincludethefollowingdetails:

o LocationofVato SizeofVato TypeofVat

• RecordBlendingEvent–Thiseventwillrecordtheblendingeventofthefinalwhiskyandwillincludedetailssuchas:

o Date/timeofblendingevento Processstartedbyo BlendingVatusedo Casksusedo Waterusedo Caramelcolouringadded

• RecordAlcoholStrength–Thiswillallowthedistillerytorecordthestrengthofthespiritatvariouspointsintheproductionprocessandwillincludedetailssuchas:

o Date/timeofreadingo Readingtakenbyo Readingtakenatlocationo Reasonfortakingreadingo Alcoholreadingo Itemthatreadingistakenfrom(i.e.cask,blendingVat,etc.)

pg.18

• GenerateQRCodes–ThiseventwilltriggertheprocesstogenerateanumberofuniqueQRcodeswhichwillbeusedtotietheindividualbottlebacktothecask(s)ofspiritthatwasusedtofillthatbottle.Thedetailsofthiseventwillincludethefollowing:

o Date/timeofrequestevento Requestedbyo NumberofQRcodesrequired

• RecordBottlingRun–ThiseventwillallowthedistillerytorecordtheVat/casksusedinabottlingrunandwillincludedetailssuchas:

o Startdate/timeofbottlingruno Bottlingrununiqueidentifiero Processstartedbyo BlendingVat/Caskusedo Locationofbottlingrun

• AddBottleEvent–Thiswillenablethedistillerytoadd(link)abottlewithauniqueQRcodetoabottlerun(andthereforetheblendingvatandcasksusedinthatrun).Detailscapturedwillinclude:

o Date/timethatbottlewaslinkedo Locationofthebottleo Bottlerunassociatedwiththeuniquebottleo TheQRcodeonthebottleo Whoscannedthebottleandmadethelinktoaspecificbottleruno Whatnumberbottlehasbeenfilled(i.e.bottlenumber10,11,12etc.)

• RecordBottledBrands–Thiseventwillrecordthebrandnamesbottled(andotherrelevantdetails)forsubmittingtoHRMC

• RecordCaseEvent–Thiseventallowsthedistillerytorecord(link)thebottlesthatmakeupacaseofspirit/whiskyandwillincludedetailssuchas:

o Date/timethatthebottlewasaddedtothecaseo Locationofeventoccurrenceo Uniqueidentifieronthecaseo Uniqueidentifieronthebottle(QRcode)

• RecordPalletEvent-Thiseventallowsthedistillerytorecord(link)thecasesthatmakeupadistributionpalletofspirit/whisky.Detailsthatwillberecordedinclude:

o Date/timethatthecasewasaddedtothepalleto Locationofeventoccurrenceo Uniqueidentifieronthepalleto Uniqueidentifieronthecase

pg.19

• RecordDistributerDetails–Thiseventallowsthedistillerytorecordthedetailsofitsdistributersonthearc-netplatformincluding:

o Businessnameofdistributero Businessaddressofthedistributero Locationofdistributerheadofficeo Geographicallocationsservicedbythedistributer

• RecordRetailerDetails–Thiseventallowsthedistillerytorecordthedetailsofitsretailersthatitsellsdirectlytoonthearc-netplatformincluding:

o Businessnameofretailero Businessaddressoftheretailero Locationofretailerheadofficeo Geographicallocationsofretailoutletsthataresupplieddirectly

• RecordImporterDetails-Thiseventallowsthedistillerytorecordthedetailsofcompaniesimportingconsignmentsofwhisky/spiritfromthedistilleryontothearc-netplatformincluding:

o Businessnameofimportero Businessaddressoftheimportero Locationofimporterheadofficeo Geographicallocationsofservicedbytheimporter

• RecordDispatch–Thiseventwillallowthedistillerytorecordtheitemsbeingdispatchedfromitsbusiness.Detailstobecapturedinclude:

o Date/Timeofthedispatchevento Locationofthedispatchevento Personauthorisingtheevento Vehicleused(ifappropriate)o Consignmentdetails(palletnumber,casenumberetc.)o Destinationdetails(Retailer,ImporterorDistributerdetails)o Expecteddeliverydate

RecordingtheeventsdetailedwillensurethatCaskCoinLtd.willremainfullycompliantwithrequirementsundertheSpiritandDrinksverificationschemeandHMRCmovementrecords.

Itisexpectedthatadditionaldataandeventsmayalsoberequiredtobecaptured,howeveritwillbethroughfocusedrequirementssessionswithCustomersthatthesewillbecomeknown.

UseoftheblockchaintechnologymakesCaskCoinWhiskyopportunitytrulyuniquegiventhatanimmutableandcompleterecordofeventsassociatedwitheveryassetwillexistontheblockchainplatformensuring,transparencyandcompliancetogetherwiththeopportunitytoaddsignificantvaluetotheendassetsgiventhedigitalDNAcreatedwitheachsetofevents.

pg.20

OwnershipStructure

HoldersofCaskCoin’sdirectlyownphysicalwhiskystoredincaskswhicharestoredinbondedwarehousesinScotland.OwnershipisproportionalforeachindividualcaskbasedonthepercentageofCaskCoinheldbyeachowner.

EachCaskCoinwilldirectlyrepresentaphysicalholdingofwhisky(tangiblegoods)ineachcaskheld,whichiscanbeclaimedondemandbythebearerofacoin.Caskswillbesubjecttoasafekeepingserviceprovidedbyacustodian(bondedwarehouse),basedonthecontractsCaskCoinLtd.executeswithbondedwarehousesstoringthewhisky.

Allrecordsofownershipalongwithinteractionswithanyassetwillbemaintainedbothonthearc-netblockchainandwherepossibleontheCaskCoinpublicrecord.

CaskCoinLtd.willactasafiduciaryagentfortheassetsofCaskCoinholders.InScotslawthisisachievedthroughcontractofdeposit,underwhichtheownerofanitemplacesitinthecustodyofanother,imposingonthatotherobligationstoprovideasecureplaceofcustodyandtoexerciseduecaretopreventthelossofordamagetotheproperty.

TheobligationofcareoftheassetsinrespecttoCaskCoinHoldersultimatelyremainstheresponsibilityofCaskCoinLtd.whichwillretaintheobligationsofcontractofdeposit.AstheassetsareheldforthesolebenefitofCaskCoinholders,CaskCoinholdersareobligedtoexerciseextraordinarycareoftheassetswhichmeansCaskCoinLimitedisliableforlossesordamagetogoods,regardlessofwhethernegligenceisthecauseofdamage.CaskCoinLtd.hasthereforeacriticalfunctioninassessingthesuitabilityofbondedwarehousesandotherpartieswhomayinteractwithCaskCoinassets(e.g.bottlersorhauliers).

CaskCoinholdershavefullcontrolovertradingofanyofthewhiskyheldbyCaskCoinLtd.whichresolvesthesignificantweakspotofownershipunderearlierwhiskyinvestmentschemes.

BeingstructuredinthiswaymeansthatwereCaskCoinLtd.orabondedwarehousetofailnoliquidatorcouldclaimthewhiskyasanassetofthefailingcompanysuchasadistilleractingasawhiskybond,andthensellitforthebenefitofbanks,creditorsortaxcollectors.Inaddition,CaskCoinholderscanbeassuredthattheassetswillbemanagedwiththeupmostcareandattentionbyallpartieswhointeractwiththem.

pg.21

CaskCoinFinancialProjections

Aspreviouslydisclosed,CaskCoinLtd.hassecuredanoptiontopurchasecasksofmaturingScotchWhisky.

Themakeupoftheportfolioallowsforbothshorttermassetgrowthwhichwillallowpurchaseoffurtherstocktoaddtotheportionoftheinitialportfoliowhichwillbemanagedoverthelongerterm.

Themakeupoftheinitialtarget portfolioisasfollows:

WhiskyType PercentageofStock(%) PercentageofValue(%)AgedMalt(averageage27yrs.old)

4.5 64

SingleMalts(upto10yrs.old) 15.7 6

AgedGrainCasks(averageage29yrs.old)

4 16

SingleGrains(upto10yrs.old) 64 9BlendedWhisky(averageage11yrs.old)

7.2 4

NewMakeSpirit 4.6 1

CaskcoinManagementCohassecuredrelationshipswithindependentbottlerswithintheindustrywhichwillallowbottlingofsomerarestockintheshorterterm.

Takinga10yearviewitisanticipatedthatthevalueofstockheldbyCaskCoinholderswillbeapproximately£80,000,000viaacombinationofbottlingofsomestockandalsotradingcasksforotherstocktoincreaseoverallportfoliovalue.

Allnetproceedsrealizedinthisprocesswillbereinvestedinfurtherstock.

Itisanticipatedthatapproximately60%ofsalesrevenuewillbeavailableannuallyforstockrepurchase.

Thecostsrelatedtosalesincludebottlingfees,purchaseofdrygoods,transport,taxonprofitandmanagementfees.

pg.22

TokenGeneratingEvent

GoalRaiseAmount £42,600,000TokenType ERC20,Ethereum,BlockchainMaximumtokensupply 6,500,000TokensforSale 5,200,000Pricepertoken £8.15MinimumInvestment £30,000

Days1-3 10%Days3-5 7.5%Days6-8 5%

Bonuses

Days9-10 2.5%CrowdSalePeriod 12thMarch 2018–30thMarch2018TokenIssuance Within30daysoftokengeneratingeventVestingPeriodforPartners 12monthsCurrencyAccepted BTC,ETH

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

Stock Value

Sales COGS Admin StockPurchase StockValue

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

1 2 3 4 5 6 7 8 9 10

Sales,CostsandReinvestment

COGS Admin StockPurchase Sales

pg.23

UseofFunds:

Themajorityoffundsraisedwillbeusedforpurchaseofassetsandprovisionforstorageandinsurancefor10years.Otherancillarycostsincludeimplementationofthearc-netsystemforCaskCoinLtd.andcostofestablishingthelegalentityandassetregister.

87%

3%1%1%

8%

UseofFunds

StockPurchase

StockPurchaseCosts

LegalandAdmin

Technology

StorageandInsurance(10yrs)

80%

15%

5%

TokenDistribueon

SoldatTokenGenerayngEvent

ManagementandAdvisers

Markeyng

pg.24

TechnicalImplementationofCaskCoinTokens

CaskCoinsaretokensbuiltontopoftheEthereumblockchain.Asaresult,theyarenotdependentonanycentralauthority-anytransactionsinvolvingCaskCoinareconfirmedandsecuredbytheEthereumblockchain.

CaskCoinsfullycomplywithEthereum'sERC-20tokenstandard,providinginteroperability,andallowingthemtobeeasilyintegratedwithanysystemorservicethatinteractswithERC-20tokenssuchastheetherdeltaexchange.

CaskCoins,beinganERC-20complianttoken,arefreelytradeableviadirecttransfersorviasmartcontracts.Itisintendedthattheywillalsobeaddedtoexchanges.

CaskCoinwillcreate6,500,000CaskCoinERC20tokens.CaskCoinwillnevercreatemoretokens.

TheownerofCaskCointokenshastheabilitytoengageintheCaskCoinProportionalVotingProcessforCaskManagement.

TheCaskCointokencontractaddressis:0xd7752fb800949201beab7debbd058fb103eeeb7e

InvestmentProcess

RegisterInterestviaCommunityChannel

RequiredCoinAllocayonheld

CaskCoinLimitedconductsAML/KYCchecks

DataRoomaccessgrantedfor24hours

PurchaseERC20Tokens

pg.25

FurtherInformation

StorageofWhisky

AllCaskCoinwhiskyisheldonbondedwarehousesinScotlandandisinsured.Abondedwarehouseoperatorisaprofessionalorganizationofgoodstandingwhichisinthebusinessofmanagingthereceipt,storage,maturationandre-deliveryofwhiskyaccordingtotheregulationsofthewhiskymarket.Thewhiskywillnotmoveunlessthereisanagreedcaskeventinwhichcaseallmovementswillbetrackedusingthearc-netwhiskyplatform.

ThebondedwarehouseoperatorsareserviceproviderstoCaskCoinLtd.andCaskCoinLtd.istheircustomer.Themanagementandthecapitalofthebusinessesareentirelyseparateandindependentofeachother.Asentirelyindependentcompanies,theyobviouslydonotendorsetheCaskCoinLtd.bywayofbuyingandstoringwhisky,orinanywaygiveCaskCoinLtd.specialtreatmentorservicesprejudicialtoitsothercommercialcustomers,whoalsostorewhiskyintheirbondedwarehouses.

ThewarehouseoperatorsdoacceptresponsibilityfortheprofessionalcustodianshipofthephysicalwhiskycasksdescribedinitscasklistsandCaskCoinLtd.isentitledtorelyonthestorageofyourwhiskybeingperformedwithappropriatecarebyanapprovedbondedwarehouseoperator.IntheagreementswhichCaskCoinLtd.executeswithbondedwarehouseservicesthesewillbesubjectinallcasestoadeclarationofthesupplier'sdutyofcare.

CaskCoinLtd.willenterintoinsurancecontractstowhichCaskCoinHoldersarenotapartywiththeintentionofreceivingpaymentofclaims,fromtheinsurer,intheeventoftherebeingcertaincategoriesofphysicalloss,physicaldamageordestructionofthewhiskywhilestoredinthecareofasupplieroritsthirdpartybondedwarehouseoperator.

DocumentaryevidenceofinsurancewillbeprovidedontheCaskCoinwebsite.

FollowingcompletionoftheInitialCoinOffering,recordsofallcasks,whicharemaintainedonthearc-netblockchainplatformwillbepublicallyavailablethroughtheCaskCoinwebsiteinrealtimeandwillbefullytransparent.

Physicalcustodyofwhisky?

CaskCoinrepresentphysicalwhiskywhichcanbewithdrawnbythebearerondemand.Therearegoodreasonstoleavethewhiskyinsidethebondedwarehouse-whereitcouldnotbephysicallysafer-pendingexceptionaleconomicorfinancialcircumstances.

Holdingthewhiskyincaskinsidebondedwarehousesinbarrelmeansitretainsmaximumresalevalue.WhiskyinbondisnotsubjecttodutyorVAT.Allbottlingwillbedonebyanestablishedandlicensedbottlingcompanywithintheindustry.

pg.26

TermsandConditions

GeneralDisclosures

Whiskypricemovements—CaskCoinholdersareexposedtotheriskofpotentiallossarisingfromafallingwhiskypriceduringthetimeinwhichwhiskyisowned.

Politics—Government,eitheroftheEU,ortheUKorScotland,andorotheragenciesmightseektoconstrain,disadvantageortaxtheownershipofwhiskytothedetrimentofitsowners.Theactualityorfearofgovernmentactionmightaffectthevalueofwhisky.

Liquidityrisk—TherisksassociatedwithalackofimmediateliquidityarenotaCaskCoinresponsibility.LiquidityisanticipatedthroughexchangeofCaskCoinandnotthroughrealizationoftheassetbaseatanytime.

Systemavailability—CaskCoinLtd.willusethearc-netblockchainplatformtomaintainrecordsandprovidereal-timeinformationabouttheunderlyingwhichassets.CaskCoinLtd.aresubjecttothetermsandconditionsofAdvancedResearchCryptographyLimited(arc-net)inrelationtouseoftheblockchainplatform.Thecopyrightandallotherintellectualpropertyrightsinthesoftware(inbothsourceandobjectcode),thesoftwaredocumentation,thefunctionalspecificationandinallotherlistingsandspecificationsanddocumentationrelatingtothesoftwareshallremainthepropertyofAdvancedResearchCryptographyLimited.Furthermore,assetinformationfromthearc-netsystemisaccessedbyCaskCoinholdersacrosstheinternetandmightbecomeinaccessibleforperiodsoftime.

Insuranceexclusions—Aspropertywhiskyissubjecttoinsuranceexclusionsimposedbyinsuranceunderwritersinlinewithestablishedinsurancepracticeregardingthephysicalprotectionofwhisky.TheseexcludedrisksarepresentedontheevidenceofinsurancepublishedontheCaskCoinwebsite.Forexample,therisksdescribedunderForceMajeureareexcluded.

Physicalwhiskytheft—Whiskycouldconceivablybestolenfromabondedwarehousebydeterminedthieves.Itisthebondedwarehouseoperatorwhichacceptsadutytoretainsufficientsecuritymeasures,andCaskCoinLtd.willmaintainappropriateinsurancecover(subjecttoexclusions)againstsuchaneventuality.

LegalDisclosure

PLEASEREADTHISSECTIONCAREFULLY.YOUSHOULDCONSULTYOURLEGAL,FINANCIAL,TAX,ANDOTHERPROFESSIONALADVISOR(S)BEFORETAKINGANYACTIONINCONNECTIONWITHTHISWHITEPAPER.

ThisWhitePaperisintendedtopresentrelevantinformationtopotentialpurchasers(Purchasers)inconnectionwiththeproposedofferingbyCaskCoinLtd.oftheCaskCoinToken(TokenLaunch),includinginformationabouttheCaskCoinERC20smartcontract(CaskCoinSmartContract).TheinformationcontainedinthisWhitePaperisnotintendedtobeexhaustiveandthestatementsincludedinthisWhitePaperarenotintendedtocreateacontractualrelationship.NothinginthisWhitePapershallbedeemedtoconstituteaprospectusofanysort,asolicitationforinvestmentorinvestmentadvicenordoesitinanywaypertaintoanofferingorasolicitationofanoffertobuyanysecuritiesinanyjurisdiction.ThisWhitePaperisnotcomposedinaccordancewith,andisnotsubjectto,lawsorregulationsofanyjurisdictionwhicharedesignedtoprotectinvestors.Tothemaximumamountpermittedbyapplicablelaw,eachofCaskCoinLtd.teamexpresslydisclaimandshallnotbeliableforanyandallresponsibilityforanydirectoranyindirect,special,incidental,consequentialorotherlossesofanykind,intort,contractorotherwise(includingbutnotlimitedtolossofrevenue,incomeorprofits,andlossofuseordata),arisingoutoforinconnectionwith(i)Purchaser’sacceptanceoforrelianceonanyinformationcontainedinthisWhitePaper,(ii)anyerror,omissionorinaccuracyinanysuchinformationor(iii)anyactionresultingtherefrom.

CaskCoinfalloutsidethedefinedscopeofformalfinancialservicesregulationintheUK.YouacceptthattheuseofthewordinvestmentanywherewithinthecontextoftheCaskCoinwhitepaperismadewithrespecttothegeneralmeaningofseekingtogrowtheworthofyourproperty,andnotwithregardtothespecificandnarrowermeaninggivenintheFinancialServiceAct2012.

ThegeneralprovisionsforinvestorprotectionwhichapplythroughtheFinancialConductAuthority[FCA]-forexamplethecompensation

pg.27

fund-donotapplyforCaskCoin.Protectionofthepropertyisprovidedthroughspecificinsurancearrangements,whichdonotcoverallrisks.

Allstatements,estimatesandfinancialinformationcontainedinthisWhitePaper,madeinanypressreleasesorinanyplaceaccessiblebythepublicandoralstatementsthatmaybemadebyCaskCoinLtd.thatarenotstatementsofhistoricalfact,constitute“forward-lookingstatements”.

NothingcontainedinthisWhitePaperisormayberelieduponasapromise,representationorundertakingastothefutureperformanceorpoliciesoftheCaskCoin.

Further,theCaskCoinLtd.disclaimsanyresponsibilitytoupdateanyofthoseforward-lookingstatementsorpubliclyannounceanyrevisionstothoseforward-lookingstatementstoreflectfuturedevelopments,eventsorcircumstances,evenifnewinformationbecomesavailableorothereventsoccurinthefuture.

CaskCoinLtd.isregulatedunderScottishLaw,andwillbeapprovedbyHMRCasanownerofexcisegoodsstoredinthedistillers’warehouses.

Accuracyofinformation,noconsentofpartiesreferencedinwhitepaper

SavefortheCaskCoinLtd.anditsrespectivedirectors,executiveofficersandemployees,nopersonhasprovidedhisorherconsenttotheinclusionofhisorhernameand/orotherinformationattributedorperceivedtobeattributedtosuchpersoninconnectiontherewithinthisWhitePaperandnorepresentation,warrantyorundertakingisorpurportedtobeprovidedastotheaccuracyorcompletenessofsuchinformationbysuchpersonandsuchpersonsshallnotbeobligedtoprovideanyupdatesonthesame.

CaskCoinLtd.hasnotconductedanyindependentreview of the information extracted from thirdparty sources, verified the accuracy orcompleteness of such information or ascertainedtheunderlyingeconomicassumptionsreliedupontherein. Consequently, neither CaskCoin Ltd. norits directors, executive officers and employeesacting on its behalf makes any representation orwarranty as to the accuracy or completeness ofsuch information and shall not be obliged toprovideanyupdatesonthesame.

Forwardlookingstatements

Allstatements,estimatesandfinancialinformationcontainedinthisWhitePaper,madeinanypressreleasesorinanyplaceaccessiblebythepublicandoralstatementsthatmaybemadebyCaskCoinLtd.thatarenotstatementsofhistoricalfact,constitute“forward-looking=statements”.Someofthesestatementscanbeidentifiedbyforward-lookingtermssuchas“aim”,“target”,“anticipate”,“believe”,“could”,“estimate”,“expect”,“if”,“intend”,“may”,“plan”,“possible”,“probable”,“project”,“should”,“would”,“will”orothersimilarterms.However,thesetermsarenottheexclusivemeansofidentifyingforward-lookingstatements.AllstatementsregardingtheCaskCoinsfinancialposition,businessstrategies,plansandprospectsandthefutureprospectsoftheindustrywhichtheCaskCoinisinareforward-lookingstatements.Theseforward-lookingstatements,includingbutnotlimitedtostatementsastotheCaskCoin’srevenueandprofitability,prospects,futureplans,otherexpectedindustrytrendsandothermattersdiscussedinthisWhitePaperregardingCaskCoinaremattersthatarenothistoricfacts,butonlypredictions.

Suchforward-lookingstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorswhichmaycauseactualeventsorresults,performanceorachievementstodiffermateriallyfromtheestimatesortheresultsimpliedorexpressedinsuchforward-lookingstatements.Thesefactorsinclude,amongstothers:

a) changesinpolitical,social,economicandstockorcryptocurrencymarketconditions,andtheregulatoryenvironmentinthecountriesinwhichtheCaskCoinconductsitsrespectivebusinessesandoperations;

b) theriskthattheCaskCoinmaybeunableorexecuteorimplementtheirrespectivebusinessstrategiesandfutureplans;

c) changesininterestratesandexchangeratesoffiatcurrenciesandcryptocurrencies;

d) changesintheanticipatedgrowthstrategiesandexpectedinternalgrowthoftheCaskCoin;

e) changesincompetitiveconditionsunderwhichtheCaskCoinoperate,andtheabilityoftheCaskCointocompeteundersuchconditions;

pg.28

f) waroractsofinternationalordomesticterrorism;

g) occurrencesofcatastrophicevents,naturaldisastersandactsofGodthataffectthebusinessesand/oroperationsoftheCaskCoin;

h) otherfactorsbeyondthecontroloftheCaskCoin;andanyriskanduncertaintiesassociatedwiththeCaskCoinanditsbusinessandoperations,theCaskCoin,theLaunchandtheunderlyingassets(eachasreferredtointheWhitePaper);

i) NothingcontainedinthisWhitePaperisormayberelieduponasapromise,representationorundertakingastothefutureperformanceorpoliciesoftheCaskCoin.

RestrictionsondistributionanddisseminationofWhitePaperThedistributionordisseminationofthisWhitePaperoranypartthereofmaybeprohibitedorrestrictedbythelaws,regulatoryrequirementsandrulesofanyjurisdiction.Inthecasewhereanyrestrictionapplies,youaretoinformyourselfabout,andtoobserve,anyrestrictionswhichareapplicabletoyourpossessionofthisWhitePaperorsuchpartthereof(asthecasemaybe)atyourownexpenseandwithoutliabilitytotheCaskCoin.PersonstowhomacopyofthisWhitePaperhasbeendistributedordisseminated,providedaccesstoorwhootherwisehavetheWhitePaperintheirpossessionshallnotcirculateittoanyotherpersons,reproduceorotherwisedistributethisWhitePaperoranyinformationcontainedhereinforanypurposewhatsoevernorpermitorcausethesametooccur.NatureofCaskCoinExceptasexplicitlysetoutintheWhitePaper,CaskCoindonothaveanyrights,uses,purpose,attributes,functionalitiesorfeatures,expressorimplied,including,withoutlimitation,anyuses,purpose,attributes,functionalitiesorfeaturesonthearc-netPlatform.ThepurchaseofCaskCoindoesnotprovidePurchaserwithrightsofanyformwithrespecttotheCaskCoinLtd.oritsrevenuesorassets,including,butnotlimitedto,anyvoting(otherthaninconnectionwiththewhiskyassets),distribution,redemption,liquidation,proprietary(includingallformsofintellectualproperty),or

otherfinancialorlegalrights;isnotaloantoCaskCoinLtd.;anddoesnotprovidePurchaserwithanyownershiporotherinterestinCaskCoinLtd.Non-investmentpurposesPurchaseracknowledgesandagreesthatPurchaserisnotpurchasingCaskCoinforpurposesofinvestment,speculation,assometypeofarbitragestrategy,forimmediateresaleorotherfinancialpurposes.CaskCoinmayhavenovalueTheCaskCoinmayhavenovalueandthereisnoguaranteeorrepresentationofliquidityforCaskCoin.CaskCoinLtd.isnotandshallnotberesponsiblefororliableforthemarketvalueoftheCaskCoin,thetransferabilityand/orliquidityoftheCaskCoinand/ortheavailabilityofanymarketforCaskCointhroughthirdpartiesorotherwise.LackofdevelopmentofmarketforCaskCoinTherearenowarrantiesthatCaskCoinwillbelistedormadeavailableforexchangeforothercryptocurrencyand/orfiatmoney.ItshallbeexplicitlycautionedthatifCaskCoinaremadeavailableonanexchange,suchexchange,ifany,maynotbesubjecttoregulatoryoversight,andtheCaskCoindoesnotgiveanywarrantiesinrelationtoanyexchangeservicesproviders.AstherehasbeennopriorpublictradingmarketforCaskCoinandtheunderlyingwhiskyassetswillnotbetradedtocreateliquidity,theLaunchmaynotresultinanactiveorliquidmarketforCaskCoin,andthepriceofCaskCoinmaybevolatile.CaskCoinholdersmaynotbeabletodisposeofCaskCoineasilyandwherenosecondarymarketdevelops,aCaskCoinholdermaynotbeabletoliquidateatall.RiskofunfavorableregulatoryactioninoneormoreJurisdictionsTheregulatorystatusofcryptographic,digitalassets,andblockchaintechnologyisundeveloped,variessignificantlyamongjurisdictionsandissubjecttosignificantuncertainty.Itispossiblethatcertainjurisdictionsmayadoptlaws,regulations,policiesorrulesdirectlyorindirectlyaffectingtheBitcoinandEthereumnetwork,orrestrictingtherighttoacquire,own,

pg.29

hold,sell,convert,trade,oruseCaskCoin.Developmentsinlaws,regulations,policiesorrulesmayalterthenatureoftheoperationoftheblockchainnetworkuponwhichtheCaskCoinaredependent.TherecanbenoassurancethatgovernmentalauthoritieswillnotexaminetheoperationsofCaskCoinLtd.Partiesand/orpursueenforcementactionsagainstCaskCoinLtd.AllofthismaysubjectCaskCoinLtd.tojudgments,settlements,finesorpenaltiesallofwhichcouldharmCaskCoinLtd.reputationorleadtohigheroperationalcosts,whichmay,inturn,haveamaterialadverseeffectontheCaskCoin.PurchaserbearsresponsibilityoflegalcategorisationThereisariskthatCaskCoinmightbeconsideredasecurityincertainjurisdictions,orthattheymightbeconsideredtobeasecurityinthefuture.TheCaskCoindoesnotprovideanywarrantyorguaranteeastowhethertheCaskCoinwillbeasecurityinthejurisdictionofthePurchaser.EachPurchaserwillbearallconsequencesofCaskCoinbeingconsideredasecurityintheirrespectivejurisdiction.EveryPurchaserisresponsibletoconfirmiftheacquisitionand/ordisposalofCaskCoinislegalinitsrelevantjurisdiction,andeachPurchaserundertakesnottouseCaskCoininanyjurisdictionwheredoingsowouldbeunlawful.IfaPurchaserestablishesthatthepurchaseoruseofCaskCoinisnotlegalinitsjurisdiction,itshouldnotacquireCaskCoinandimmediatelystopusingorpossessingCaskCoin.AcquiringCaskCoininexchangeforcryptocurrencycouldbescrutinizedbyvariousregulatorybodiesaroundtheworld,whichmayimpacttheusageofCaskCoin.ThelegalabilityoftheCaskCointoprovideorsupportCaskCoininsomejurisdictionsmaybeeliminatedbyfutureregulationorlegalactions.IntheeventtheCaskCoinLtd.determinesthatthepurchaseorusageofCaskCoinisillegalinacertainjurisdiction,theCaskCoinLtd.mayceaseoperationsinthatjurisdiction,oradjustCaskCoininawaytocomplywithapplicablelaw.

GeneralsecurityrisksRiskoftheftandhacking

generationeventsandinitialcoinofferingsareoftentargetedbyhackersandbadactors.HackersmayattempttointerferewiththePurchaser’sdigitalwallet,theCaskCoinSmartContractortheavailabilityofCaskCoininanynumberofways,includingwithoutlimitationdenialofserviceattacks,Sybilattacks,spoofing,smurfing,malwareattacks,orconsensus-basedattacks.AnysuchattackmayresultintheftofPurchaser’sCaskCoin.PrivateKeysCaskCoinpurchasedbyPurchasermaybeheldbyPurchaserinPurchaser’sdigitalwalletorvault,whichrequiresaprivatekey,oracombinationofprivatekeys,foraccess.Accordingly,lossofrequisiteprivatekey(s)associatedwithPurchaser’sdigitalwalletorvaultstoringCaskCoinwillresultinlossofsuchCaskCoin.Moreover,anythirdpartythatgainsaccesstosuchprivatekey(s),includingbygainingaccesstologincredentialsofahostedwalletorvaultservicePurchaseruses,maybeabletomisappropriatePurchaser’sCaskCoin.CaskCoinLtd.isnotresponsibleforanysuchlosses.RiskofincompatiblewalletserviceThewalletorwalletserviceproviderusedfortheacquisitionandstorageoftheCaskCoinhastobetechnicallycompatiblewiththeCaskCoin.ThefailuretoassurethismayresultinthePurchasernotbeingabletogainaccesstoCaskCoin.RisksassociatedwiththeCaskCoinsmartcontractandAssociatedsoftwareand/orinfrastructure.TheCaskCoinSmartContractisbasedontheEthereumblockchain.Assuch,anymalfunction,unintendedfunctionorunexpectedfunctioningoftheEthereumprotocolmaycauseCaskCointomalfunctionorfunctioninanunexpectedorunintendedmanner.TheEthereumblockchainrestsonopensourcesoftware,andaccordinglythereistheriskthattheCaskCoinSmartContractmaycontainintentionalorunintentionalbugsorweaknesseswhichmaynegativelyaffectCaskCoinorresultinthelossortheftofCaskCoinorthelossofabilitytoaccessorcontrolCaskCoin.Intheeventofsuchasoftwarebugorweakness,theremaybenoremedyandCaskCoinholdersarenotguaranteedanyremedy,refundorcompensation.

pg.30

OntheEthereumblockchaintimingofblockproductionisdeterminedbyproofofworksoblockproductioncanoccuratrandomtimes.Forexample,EthertransferredtoCaskCoin’srecipientdigitalwalletaddressinthefinalsecondsofadistributionperiodmaynotgetincludedforthatperiod.PurchaseracknowledgesandunderstandsthattheEthereumblockchainmaynotincludethePurchaser’stransactionatthetimePurchaserexpectsandPurchasermaynotreceiveCaskCointhesamedayPurchasersendsEther.TheEthereumblockchainispronetoperiodiccongestionduringwhichtransactionscanbedelayedorlost.IndividualsmayalsointentionallyspamtheEthereumnetworkinanattempttogainanadvantageinpurchasingcryptographic.ThePurchaseracknowledgesandunderstandsthatEthereumblockproducersmaynotincludePurchaser’stransactionwhenPurchaserwantsorPurchaser’stransactionmaynotbeincludedatall.

Ether,thenativeunitofaccountoftheEthereummayitselflosevalueinwayssimilartoCaskCoin,

andalsootherways.MoreinformationaboutEthereumisavailableathttp://www.ethereum.org

Riskofminingattacks

Aswithotherdecentralizedcryptocurrencies,Ethereumblockchain,whichisusedfortheCaskCoin,issusceptibletominingattacks,includingbutnotlimitedtodouble-spendattacks,majorityminingpowerattacks,“selfish-mining”attacks,andraceconditionattacks.

AnysuccessfulattackspresentarisktotheCaskCoin,expectedproperexecutionandsequencingofCaskCoin,andexpectedproperexecutionandsequencingofEthereumcontractcomputationsingeneral.DespitetheeffortsoftheCaskCoinandEthereumFoundation,theriskofknownornovelminingattacksexists.Miningattacks,asdescribedabove,mayalsotargetotherblockchainnetworks,withwhichtheCaskCoininteractwithandconsequentlytheCaskCoinmaybeimpactedalsointhatwaytotheextentdescribedabove.