Disclaimer - Cautionary Note Regarding Forward-Looking Information

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Dominick Tate
5 years ago
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1 December 2018

2 Disclaimer - Cautionary Note Regarding Forward-Looking Information This presentation contains forward-looking information within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or indicates that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information includes, but is not limited to the Company s goal of making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

3 Cypherpunk Holdings is an investment company, set up to invest in technologies and cryptocurrencies with strong privacy. Trades on the CSE, ticker HODL Market Cap C$5.4m (12/01/2018)

4 Who were the Cypherpunks? A group of talented and committed computer scientists from the 1990s. Shared concerns about the possibilities the internet was creating for corporate and state invasion of privacy Their solutions lay in developing open-source technologies to defend privacy, especially cryptography.

Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know.

5 Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world. Privacy is necessary for an open society in the electronic age. - Eric Hughes, A Cypherpunk s Manifesto

6 The problem... When the internet is free, you are the product. Info you give to your banker/lawyer/doctor/insurer/ lover/friend/taxi driver, you might not supply to another. Different people know different things about you. Yet info from what you say/read/watch/share/buy/sell online gets used for purposes beyond those for which it was supplied. 1

7 The problem... (cont) Your data is then used... To shape your behaviour: what you do/see/read/watch/buy/sell To determine the information & content you receive To sell things to you To help others make decisions about you - eg jobs/loans To spy on you In bad hands, potentially, against you in some way You have little idea what data is being used, how or by whom; you have little say in its use, no ability to object nor power to amend 2 that info. You have no control.

8 Who are you? Why do you hide in the darkness and listen to my private thoughts? - William Shakespeare

9 The solution: privacy tech Protecting your privacy limits the scope others have to use your info beyond the purpose for which it was supplied. Protecting your privacy protects you New technologies and coins developed to protect privacy. are being 2

10 Our thesis: Privacy is undervalued. It has been mispriced by the market. Attitudes are changing. Many are waking up to its importance. As they do, tech and coins with strong privacy will have strong market demand. Some people will pay a premium to protect their privacy. As public awareness of the importance of privacy increases, a strong privacy narrative will emerge, furthering increasing demand for privacy tech. Privacy is the narrative which will drive the next bull market in tech

11 Our mission: To build the world s leading privacy-focused investment company

Examples of privacy tech: PGP: The first

12 Examples of privacy tech: PGP: The first product to bring asymmetric encryption direct to consumers Zero Knowledge Proof: Ability for third parties to verify private information (Zcash) Ring Signatures: Ability to obfuscate origin of a valid signature (monero)

13 Initial target portfolio Privacy coins - c.35% Bitcoin - c.30% Equities - c.30% CAD - c.5% (NB approximate allocations)

14 The Cypherpunk Index of Privacy Coins 45% 35% 20% The essential feature of privacy coins is that the amount of coins you own, send and receive are not observable, traceable or linkable by transaction history on the blockchain.

15 Cypherpunk Index performance The Cypherpunk Index is a weighted composite of cryptocurrencies with strong privacy properties. It is re-balanced monthly based on market capitalization. NB We are not allocating our portfolio according to this index. It is just a guide.

16 Coin strategy Situation: Currently in a bear market Bitcoin support at $3,200. AltCoins weaker. Typical bear market small cap situation Solution: Patience Slow accumulation Dollar-cost averaging Portfolio rebalancing Trend-following systems

17 Equity strategy Businesses should be delivering products or services which enhance the overall privacy of the internet or enable further decentralization of blockchain networks. Management with proven track records. We like early opportunities Ideally with clearly defined access to liquidity within months.

18 Current equity holdings Hydro66 (CSE:SIX), datacenter provider, based in Sweden, providing services to cloud providers, cryptocurrency miners etc. Unique access to preferential energy, experienced team, scalable and flexible. Server paradise. 5m Shares (purchase price $0.50 CAD), 5m warrants at $0.75CAD. Founded by the inventor of BitTorrent. New approach to building a decentralized blockchain network: proofs of space. Blockchain networks require decentralization in mining to maintain privacy. Chia team is uniquely positioned to overcome issues related to mining centralization. $300,000 USD private placement

Marc Henderson Chairman & Interim CEO Marc Henderson has more than 25 years of experience as a senior executive, board member, and principal investor in public companies, mostly in the resource

19 Marc Henderson Chairman & Interim CEO Marc Henderson has more than 25 years of experience as a senior executive, board member, and principal investor in public companies, mostly in the resource sector. These include Minefinders, Lydian International, Treasury Metals, Midpoint, and most prominently Aquiline Resources, which was sold to Pan American Silver in He has been President and CEO of Laramide Resources since to present and has been a director of Khan Resources (now Cypherpunk Holdings) since Mr. Henderson, who resides in Toronto, Canada holds an economics degree from the University of Colorado and is a CFA charterholder.

Moe Adham Director & CIO An engineer and businessman with a passion for privacy and number theory, and a self-professed cypherpunk, Moe first learnt about bitcoin in 2010.

20 Moe Adham Director & CIO An engineer and businessman with a passion for privacy and number theory, and a self-professed cypherpunk, Moe first learnt about bitcoin in In 2012 he began mining in his free time, while completing a Masters in Nanotechnology at Swiss Federal Institute of Technology (EPFL). He founded Bitaccess in 2013, now one of Canada's most prominent blockchain technology companies, pioneering products such as Bitcoin ATMs, blockchain publishing, and financial smart contracts. Moe has been invited to the Senate of Canada, the European Parliament, & many other conferences internationally to speak on the future of blockchain technology.

", the first known book published on Bitcoin by a recognized publisher in 2013-4.

21 Dominic Frisby Director A well-known investor, financial writer, market commentator, and speaker from London, whose diverse accomplishments include authoring "Bitcoin: The Future of Money?", the first known book published on Bitcoin by a recognized publisher in An early bitcoin and blockchain advocate, he contributes regularly to Moneyweek and the Guardian and is considered an authoritative figure on the world of cryptocurrencies by the British media.

22 Other management Blaise Yerly - director Previously director and chairman of Aquiline Resources, which was acquired in 2009 by Pan American Silver; served until 2018 as director of Treasury Metals. Chairman of family holding company since Active in public companies for past 20 years. Has run in parallel several private companies in domains such as heavy equipment distribution, asset based finance & financial services. He has also been a supporting investor in venture-capital companies involved in mining, agriculture, hi-tech development, fintech and blockchain. Michael Sadhra - director A certified professional accountant, Michael has served as CFO of several public companies; formerly Senior Tax Manager at KPMG LLP. CFO of Micron Waste Technologies (MWM:CSE); CFO & director of Breathtec Biomedical (BTH:CSE); director of Cypherpunk Holdings (HODL: CSE) & Cairo Resources; Tax Partner at Sadhra & Chow LLP. Holds a Bachelor of Commerce from Uni. of British Columbia. Dennis Gibson - CFO CFO of Laramide Resources since 2006, also CFO of Treasury Metals. Held various senior financial positions for the past 30 years, including CFO of Aquiline Resources and Forrester Metals, which was acquired by Zinc One. CPA, CGA and holds a Bachelor of Commerce from Concordia University. Eric Lowy - legal Partner in Irwin Lowy LLP, focused on securities law and corporate finance law, including public and private equity and debt financings, mergers and acquisitions, stock exchange listings etc. Serves on board and acts as corporate secretary of several public and private companies.

23 Ownership and Capitalisation Price (Dec 1, 2018) C$0.06 Shares outstanding 90.17m Market Cap C$5.4m Warrants 0 Options 5m at C$0.10c Cash & equivalents $4.7m Investments C$4.1m NAV C$8.8m

24 Cryptocurrency Security Provided Through: Operations and Security Brokerage Partner: Banking Partner: Audit:

25 Why invest - Cypherpunk Holdings Edge Privacy is undervalued. The sector is destined to grow. Unique strategy, unique opportunity. First-mover advantage. This is early - the company is young. Management with good contacts in cryptocurrency, blockchain and Silicon Valley; good deal flow; sometimes preferential access to cryptocurrencies, equity deals and notes not generally available. Strong board with good track record, extensive capital market experience and and good oversight over

26 Why invest - Cypherpunk Holdings Edge (cont.) Minimum overhead, minimal headcount & streamlined operations. Clean capital structure Discount to NAV Easy exposure, both retail and institutional, to an obscure but exciting sector Direct exposure to cryptocurrencies High standards of security

27 Thank you for your interest Please reach out with any questions: cypherpunkholdings.com Cypherpunk Holdings The Exchange Tower, 130 King Street West, Suite 3680, Box 99 Toronto, ON M5X 1B1 Canada Tel

INVESTOR PRESENTATION BLOCK ONE CAPITAL INC. TSX- V: BLOK

INVESTOR PRESENTATION BLOCK ONE CAPITAL INC. TSX- V: BLOK DISCLAIMER This presentation contains certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or