Corporate Governance

Education:Bachelor's degree in International Media & Entertainment Management at the University of Breda.

Experience:Frank is a serial entrepreneur and keynote speaker with over 13 years of experience. Frank is adviser to Innobridge, member of the Scandanavian Cryptocurrency Director Group and advisor to the Lifeboat Foundations New Money Systems Board. Former city leader at BitAngels, advisor to ICON, senior adviser at Centigo and Nordic Ambassador at Innovate Finance.

Other commitments:Director at ZTLment

Independence:Not independent in relation to the company and its management and not independent in relation to major shareholders.

Holdings (as of 31 December 2023):4,302,749 shares via Frank Schuil BV. Frank Schuil owns 100% of Frank Schuil BV. 60,812 shares held directly.223,043 warrants

Education:Master of Science in Computer Science and Electrical Engineering at the Royal Institute of Technology, Stockholm.

Experience:Jacob is a serial entrepreneur with experience from several startups, five exits/IPOs and over 25 years of experience as CEO. He is also a Board member/chairman of several public and privately held companies.

Other commitments:Director / Chairman of Advanced Telesensors, Director of RF Micron, Newscale, and Tyndall.

Independence:Independent in relation to the company and its management and independent in relation to major shareholders.

Holdings (as of 31 December 2023):180,280 shares115,000 warrants

Education:M.Sc. in Business and Administration, with Finance as a major, from Stockholm School of Economics.

Experience:Viktor has experience as a professional board member in numerous listed and non-listed companies within the financial industry, including Avanza and CoinShares. Prior to that, he served as the CFO of LeoVegas gaming group, which he was part of growing from a startup to a listed company. Beginning his career in equity research at Goldman Sachs, he has since held various roles in investment banking within the technology sector.

Other commitments:Chairman of the board of Appjobs Sweden AB and StickerApp Holding AB. Director of the board of CoinShares International Ltd, Beyond Zebra AB, Cithara BidCo AB and Cithara HoldCo AB.

Independence:Independent in relation to the company and its management and independent in relation to major shareholders.

Holdings (as of 31 December 2023):75,000 warrants

Education:Bachelor's degree in financial economics from Concordia University.

Experience:Sepehr is General Partner at White Star Capital with extensive expertise in the crypto industry. White Star invests and manages a dedicated crypto fund, WSC Digital Asset. In addition to leading White Star's Digital Asset fund, Sepehr provides extensive investment expertise in the sector as investors in more than 12 digital asset and blockchain companies. His crypto portfolio and traditional financial relationships are added value for Safello.

Other commitments:General Partner at White Star Capital.

Independence:Independent in relation to the company and its management, not independent in relation to major shareholders.

Holdings (as of 31 December 2023):2,370,749 shares via White Star Capital and Residence Ventures LLC.

Education:Masters of Law from Uppsala University

Experience:Emelie has experience from Carnegie Investment Bank, Avanza Bank as business lawyer and from Fondab as COO.

Other commitments:No commitments outside Safello Group.

Holdings (as of 31 December 2023):137,544 shares200,000 warrants

Education:M.Sc. in Business and Economics with Auditing as a major, from Jönköping University.

Experience:Viktoria has several years of experience within finance, is previously authorised public accountant and was working at Ernst & Young for six years before she joined Safello.

Other commitments:No commitments outside Safello Group.

Holdings (as of 31 December 2023):5,912 shares10,000 warrants

Education:LL.M., Stockholm University

Experience:Helén has over 7 years of experience as lawyer with business law firms (KANTER Advokatbyrå and Gernandt & Danielsson Advokatbyrå), where she has been practicing mainly in the areas of M&A, capital markets and company law. She also has experience from client secondment on ICA Gruppen as legal counsel.

Other commitments:No commitments outside Safello Group.

Holdings (as of 31 December 2023):0 shares38,035 warrants

Education:Master of Science, Electrical Engineering, Lund University.

Experience:Niklas has 9 years experience of software engineering (Cosylab Slovenia, Sweden and Switzerland, Shift Cryptosecurity, Klarna) within different domains of which three years are within crypto. He also has experience as Head of engineering at Shift Cryptosecurity.

Other commitments:No commitments outside Safello Group.

Holdings (as of 31 December 2023):90,000 warrants