The first blockchain-based digital commodities platform

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1 The first blockchain-based digital commodities platform Singapore has long been a major trading centre for commodities and best-performing financial market in Asia. The commodity market has evolved significantly and the demand for standardized contracts for trading led to the development of commodity exchanges. Today, in a new era of distributed digital ledger, we are starting a new modern market place that will evolve the traditional concept of trade, storage, payment, clearing, and settlement processes, including the way how funds are transferred and how commodities and derivatives are cleared and settled. With Cleer we are building the financial system of the future, wherein commodities will be tokenized and deployed on digital ledger technology, creating an entirely new approach to managing the global commodities trade. Traditional commodity trading will be off the map, moving all the commodities to a digital ledger, repealing manual processes, unloading millions of paper documents including letters of credit, bills of lading and inventory receipts and connecting the whole supply chain including producers, shippers, warehouse operators, traders and financing banks. Cleer will build a multi-product market for commodities & derivatives trade, accessed and operated via a utility token, Cleer. With Cleer commodities will be tokenized, tremendously diminishing the costs and dematerializing physical documents across the value chain. Cleer will contemplate unified post-trade services establishing secure and transparent collateral, clearing and settlement of transactions concluded on the exchange. The distributed ledger platform, built on Ethereum protocol, will allow to build a decentralized exchange, mirror commodity benchmarks across energy, agriculture, metals and financial indices, trade, make settlements and clearing, accomplish synchronization of document exchange and collateral management. CleerEx will be the first digitized commodities exchange modernizing all the trading mechanisms, bringing efficiency, transparency and competitiveness in the international exchange. CleerEx will be perfectly located having direct access to the largest producers and market players of energy, metals and agricultural products across ASEAN and the broader Asia region. Moreover, its close location in one of the globe s biggest container shipping ports and open-access multi-user Energy terminal in Asia will enhance CleerEx with single collateral management and universal storage model services.

2 Trading on CleerEx will enable access to liquid spot and derivatives markets as well as to a broad network of trading participants. Proper settlement and collateralization of transactions for recognition as a trading participant will be implemented by possessing Cleer. Application Cleer will serve as an umbrella for: CleerEx, which contemplates the first blockchain-based digital commodities exchange. Cleer will provide access and use rights to the CleerEx platform, as well as rights for smart contract operations within the platform; Indexed Tokens, which contemplates digital tokens that mirror images commodity benchmarks across diversified basket of commodities, new token indices for carbon aggregated prices as well as a token for energy based on British Thermal Unit (BTU). Cleer will allow commodity traders to create asset backed tokens linked to indexed prices with minimized cost and time efficiency; Digital Settlement Currency, being an alternative payment facility to fiat across exchange platform to make the settlements. Cleer will also act as a payment utility token for settlement across multiple storage facilities, setting collateral management solutions across commodity storages (wet, dry, bulk);

3 Universal Storage Model (USM), which contemplates linking storage facilities to underlying commodities, standardization of the material content for documentation retention, warehouse receipts, warrants, bills of lading, beneficial ownership, source material. Cleer will allow for third party confirmations and access for trade facilitator, including issuance of digital proof of custody in the form of a token on the blockchain. We will create a storage protocol using smart contracts, which will serve as agreements between storage providers and their clients, defining what data will be stored and at what price. Cleer would act as a token for this protocol post sale. As the protocol becomes widely utilised, liquidity is enhanced, which in turn will increase intrinsic and underlying value of the token. Cleer will serve as a common collateral pool for rehypothecation tied to finance providers and alternative investment portfolios (distributed digital ledger will add transparency, as such risks of forged receipts, multiple pledged commodities and duplicated documents will be eliminated). An indefeasible ledger of the transaction, which cannot be altered or tampered with, will solve number of concerns that exist in international transactional activity. By having the producer, buyer, seller and respective finance provider, warehouse, shipping company and terminal facilities on the same ledger, all parties will be able to simultaneously view and share data. The distributed ledger platform will allow trade documents, shipment updates, delivery and payment status to be shared across a single shared ledger, which will optimize and reduce transaction time, document exchange and synchronize authentication processes between all players. CleerEx Indexed Tokens Digital Settlement Currency Universal Storage Model (USM)

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5 Legal Disclaimer Cleer tokens are not intended to be securities or to represent any form of interests, ownership or any dividend rights in the holding company, platform owner or any of its associates in Singapore or elsewhere. Instead, it is envisaged that Cleer tokens may be converted to obtain certain services, or used as a medium of exchange for trading on the future digital exchange (CleerEx). Cleer is not backed by real assets. Cleer token is a cryptographically secured representation of a token-holder s rights to obtain in future the access, participation and use rights in a decentralized product or service of Cleer platform, as well as rights for smart contract operations within the platform. The token holder acknowledges, understands and agrees that ownership of the Cleer will not grant the holder the right to receive profits, income, or other payments or returns arising from the acquisition, holding, management or disposal of, the exercise of, the redemption of, or the expiry of, any right, interest, title or benefit in the Cleer, or CleerEx platform, or any other its property or any part of it. CONSULT LEGAL AND FINANCIAL EXPERTS FOR FURTHER GUIDANCE The following information may be incomplete and in no way implies a contractual relationship. While we make every effort to ensure that all information in this document is accurate and up to date, such material in no way constitutes professional advice. Cleer neither guarantees nor accepts responsibility for the accuracy, reliability, correctness or completeness of this content. Individuals intending to participate in the platform should seek independent professional advice prior to acting on any of the information contained in this document. Citizens, residents (tax or otherwise) and green card holder of the United States of America or Singapore, or other U.S. or Singapore Person are exempt from buying Cleer tokens. The term «U.S. or Singapore Person» refers to anyone who lives in the United States or Singapore or to any entity that is incorporated under United States or Singapore law. American citizens living abroad can also be considered «U.S. Persons» under certain conditions. Cleer s legal partner Collyer Law 1 advises on legal issues and is involved in the following legal advice: Determining Overall Legal Structure for Cleer; Legal Opinion relating to the ICO; 1 Collyer Law LLC is a limited liability law corporation registered in Singapore with UEN Z and is licensed as a Singapore Law Practice by the Legal Services Regulatory Authority

6 Reviewing the whitepaper and drafting the legal sections of the whitepaper; and AML/CFT and compliance advice. The reader is aware of the merits, risks and any restrictions associated with digital tokens, cryptocurrencies and blockchain technologies, including but not limited to: (i) risk of losing access to tokens due to loss of private key(s), (ii) risks associated with Ethereum platform protocol, (iii) risk of hacking and security weaknesses, (iv) risk of uninsured losses, (v) risks associated with uncertain regulations and enforcement actions. The purpose of this document is to present the Cleer project to potential token holders in connection with the proposed token launch. The information set forth herein above may not be exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough analysis with the intent of acquiring Cleer tokens. Nothing in this document shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction which are designed to protect investors. Certain statements, estimates, and financial information contained in this whitepaper constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements. The regulatory status of the Cleer tokens and distributed ledger technology is unclear or unregulated in many jurisdictions. It is difficult to predict how or whether regulatory authorities may apply existing regulations with respect to such technology and its applications, including the Cleer tokens. Regulatory actions could negatively impact Cleer in various ways, including, through a determination that Cleer tokens are regulated instruments that require registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof. Cleer may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. In case of unforeseen circumstances, the objectives stated in this document may be changed. Despite the fact that we intend to reach all goals described in this document, all persons and parties involved in the purchase of Cleer tokens do so at their own risk. Funds collected in fundraising are in no way insured. If they are lost or lose their value, there is no private or public insurance representative that buyers can reach out to.