The SMARC Token is a token conferring profit participation rights. Because of its economic function the Swiss Financial Market Supervisory Authority qualifies the SMARC Token as a so called “Asset Token”. However, SMARC Tokens do not represent or confer any ownership right or stake, share or security or equivalent rights of participation in Smart Containers and its corporate affiliates. It neither provides the Tokenholder with a conversion right into shares or other equity of Smart Containers nor any other right whatsoever, other than the rights mentioned in the Terms of Token Sale.  It is therefore not equivalent to a security and does not qualify as a security according to current Swiss law.