BITCAR AIRDROP PROGRAMME ANNOUNCEMENT

By: BitCar (published on: )

BITCAR AIRDROP PROGRAMME ANNOUNCEMENT

15 November 2020

Bitcar Pte Ltd is a company incorporated in Singapore with the registered address 30, Cecil Street, #19-08, Prudential Tower, Singapore 049712 (“Company”) and an entity associated with the “BitCar” project which allows for fractional ownership in collectible exotic cars (“Project”). In connection therewith, the Company sold and distributed a fixed number of cryptographic tokens associated with the Project known as “BitCar Tokens” (“BitCar Tokens”).

Since its inception, the Project has achieved many milestones as further described in the BitCar Token whitepaper entitled “Token Whitepaper – Bitcar” (version 2.0) which is accessible at https://bitcar.io/documents/Bitcar_Token_Paper.pdf. However, due to numerous reasons including insufficient funds and demand for the car-linked BitCar Tokens, the Company announced that it would discontinue the Project.

In connection with such discontinuance, the Company now plans to launch an airdrop programme (“BitCar Airdrop Programme”) where a certain number of ETH (as may be determined by the Company in its sole and absolute discretion) will be distributed free-of-charge to holders of BitCar Tokens who are eligible to participate in the BitCar Airdrop Programme based on the terms and conditions thereof (“Terms”) accessible at https://bitcar.io/documents/AirDrop_Terms.pdf AND who have notified the Company of their interest to participate in the BitCar Airdrop Programme NO LATER THAN 1800 hrs Singapore time on 15 December 2020 (“Latest Notification Date”).

The amount of ETH to be airdropped to eligible participants of the BitCar Airdrop Programme will be determined by the Company in its sole and absolute discretion nearer the time and will be announced when the Company starts the Air drop of ETH pursuant to the BitCar Airdrop Programme, currently expected to start on January 15, 2021.

Please read this announcement and the Terms carefully, in particular, whether you are eligible to participate in the BitCar Airdrop Programme. Note: There is also a minimum amount of tokens required to qualify, see the Terms for details.

Action is required by eligible participants from the date and time of this announcement up to the Latest Notification Date deadline (1800 hrs Singapore time, 15 December 2020) to participate in the BitCar Airdrop Programme, after which NO FURTHER APPLICATIONS TO PARTICIATE IN THE AIRDROP PROGRAMME WILL BE ACCPETED.

As stated in the Terms, only holders of BitCar Tokens who (i) are eligible to participate in the BitCar Airdrop Programme based on the Terms AND (ii) who have validly notified the Company of their interest to participate in this BitCar Airdrop Programme AND (iii) supplied any further requested information to the satisfaction of the Company in its sole and absolute discretion by the Latest Notification Date, will be eligible to participate in the BitCar Airdrop Programme and to have the opportunity to receive Air Dropped ETH (which can only be Air dropped at the ETH blockchain address holding their Bitcar tokens as seen on the Snapshot Date of 14 November 2020), pursuant thereto.

If you held Bitcar Tokens as on the snapshot date of 14 November 2020, you are strongly advised to apply as soon as possible.

Participation in the BitCar Airdrop Programme is deemed acceptance of the Terms.

Authorized Announcment by BITCAR