H2O Securities Weekly Update-Week19

Monday the 9th May 2022-Sunday the 15th May 2022

· A difficult week for global Cryptocurrencies with the LUNA crash leading to losses of $200 Billion in a single day. (Our Price update on 11th May explains in more detail)

· H2OC traded in a range between $1,33 and $3,43.

· We deployed all our new H2O Securities & H2OC branding across all our channels.

· We completed our security audit on H2OC on Saturday 14 May 2022.

· The H2OC Token audit has revealed potential vulnerabilities and some areas of beneficial augmentation in our token contract as it relates to trading off-exchanges and our planned peer-to-peer transfers in our DAO.

· Since this is a substantial aspect of our business model we have to address these matters before increasing our trade volume and H2OC token holdings. Without addressing these aspects we cannot launch our DAO structure or peer-to-peer trading and other utility benefits.

· We will be sharing the registration link for our “Legacy Group Incentive” airdrop on our Telegram group tomorrow. Members who qualified for this incentive will be receiving their tokens as soon as they have registered and verified their details.

· Due to the above we unfortunately must delay our exchange listing by a couple of days, we deem a clean audit report as a paramount requirement.

· We will after our consultations this week provide further feedback on our revised listing schedule and other airdrop activity.

· Even though we believe there is a low vulnerability risk, we urge token holders to hold their tokens until we announce the way forward.