HELBIZ COIN

TIME-LIMITED SWAP OFFER

TERMS AND CONDITIONS
17 July 2020

Quantum Analysis Management Ltd., legal successor of HBZ Systems Pte. Ltd. - previously known as “Helbiz” - (the Company), current sole holder
of any and all rights to the Helbiz Coin (HBZ), notwithstanding the Company’s full rights to do not refund any assets, monies or other
cryptocurrencies/Digital Tokens, and in the best interest of any original or successive purchaser or otherwise current holder of HBZs, is offering a
one-time, limited swap offer subjected to the following terms:

1. ICO Pre-sale Purchasers: 1 (one) Ethereum (ETH) for every 8000 (eight thousand) Helbiz Coins (HBZ). A Pre-sale Purchaser for all effects and
purposes of these Terms is defined as a purchaser who is still a current holder and that acquired HBZ directly from the original first issuer between
h.23.59 (Singapore Time, SGT, +0800 UCT) of 25 th of January 2018 and h.23.59 (Singapore Time, SGT, +0800 UCT) of 14 th of February 2018,
whose personal particulars fully match the ones registered during the original KYC/AML/CFT screening data and that still holds, owns or otherwise
controls the original Wallet Address. Only HBZs that were never transferred, traded or otherwise moved out or back in the original Wallet can be
swapped under this Clause 1.

2. ICO Regular-sale Purchasers: 1 (one) Ethereum (ETH) for every 6000 (six thousand) Helbiz Coins (HBZ). A Regular-sale Purchaser for all
effects and purposes of these Terms is defined as a purchaser who is still a current holder and that acquired HBZ directly from the original first issuer
between h.23.59 (Singapore Time, SGT, +0800 UCT) of 25th of January 2018 and h.23.59 (Singapore Time, SGT, +0800 UCT) of 14 th of February
2018, whose personal particulars fully match the ones registered during the original KYC/AML/CFT screening data and that still holds, owns or
otherwise controls the original Wallet Address. Only HBZs that were never transferred, traded or otherwise moved out or back in the original Wallet
can be swapped under this Clause 2.

3. Other HBZ Holders: 0.0094 (zero point zero zero ninety four) Ethereum (ETH) for every 10000 (ten thousand) Helbiz Coins (HBZ) for any
holder of Helbiz Coins who acquired HBZs through 3rd Party Exchanges, OTC Brokers/Traders, Airdrops or as Bonus, Bounty or any other method
of acquisition not covered by Clauses 1 and 2 above, including Pre-Sale and Regular-Sale holders using different Wallet Addresses than the original
or that transferred, traded or otherwise moved out of and/or back in such Wallet any HBZs.

4. KYC/AML/CFT Requirements: all of the Purchasers/Holders as defined in Clauses 1, 2 and 3 above must provide, for the swap to be processed
and approved, the following information and documentation: i. full name and surname, including middle names and any aliases; ii. full address in
main Country of Residence; iii. Current photo-ID copy in English language (or with English language translation); iv. A valid Proof-of-Address
document not older than 3 months prior to submission in English language (or with English language translation). The Company reserves full
discretion, in accordance to current and applicable KYC/AML/CFT policies, processes, laws and regulations, to refuse any or all of the submitted
information and documents and/or ask for alternative ones. For the avoidance of doubt, no HBZ will be swapped without the submission of valid and
appropriate information and documents as per this Clause 4.

5. Exclusions/Restrictions: any purchaser and/or holder that since acquisition of HBZ gained or changed citizenship or residency to the U.S.A.,
People’s Republic of China and/or in any of the Countries and Jurisdictions listed as designated by the MAS Act, Variable Capital Companies Act,
United Nations Act, and the Terrorism (Suppression of Financing) Act will be completely excluded and precluded from any swap of HBZ and ETH.
At this time the Countries listed are Democratic People’s Republic of Korea, Democratic Republic of the Congo, Iran, Libya, Somalia, South Sudan,
Sudan and Yemen.
Helbiz Coins (HBZ) will only be swapped in the fixed bloc amounts as stated respectively under Clauses 1, 2 and 3. Any spare HBZ in lower or
higher amount to the specified will be swapped on a case-by-case basis.

6. Timing and deadlines: any purchaser and/or holder eligible and intending to apply for the swap offer must do so, providing all the relevant and
complete information and documentation, between h.00.00 (Singapore Time, SGT, +0800 UCT) of the 29 th of June 2020 and h.23.59 (Singapore
Time, SGT, +0800 UCT) of the 31st of July 2020.

7. Waiver of claims: any and all purchasers and/or holders of HBZ, declaring themselves sole owners of any potential settlement claim, having
received appropriate legal counsel, and by the simple act of submitting the swap request information and documents, regardless of its outcome,
expressly agree to waive any present or future, known or unknown claim against the Company, its shareholders, employees, Directors, Beneficial
Owners direct or indirect, its Connected, Subsidiary or Parent Companies, active or inactive. Purchasers and/or holders of HBZ also agree to do not
commence, to become a party to, to benefit from or to remain a participant in any group, representative, class, collective, or hybrid class/collective
action in any court, arbitration proceeding, or any other forum and in any Country or jurisdiction, and to do not disparage the Company, its
shareholders, employees, Directors, Beneficial Owners direct or indirect, its Connected, Subsidiary or Parent Companies, active or inactive under
penalty of damages. This Clause will still be valid and applicable even if specific portions of it are deemed illegal or ineffective in certain
jurisdictions, in which case only the affected portion will be invalid, without any effect on the rest of the Clause or its validity as a whole.

8. Operational details and prevalence: any further operational details to apply for and obtain the proposed HBZ to ETH swap will be published on
the Helbiz Coin Website (https://hbzcoin.com/). In case of an apparent or substantial conflict between any content, provision and/or instruction
published on the Website and the contents, provisions and/or instructions of these Terms and Conditions, the latter will prevail.
Further communication with the HBZ Coin Website Team in relation to the Swap is to be exclusively conducted with the official email
contact@hbzcoin.com; the Company will not be liable in any way, and for any damage, including total loss of an Applicant’s HBZs and/or ETH,
should the Applicant communicate to any other email or access any other Website than the ones specified in this Clause.

9. Governing Law and Jurisdiction: these Terms and Conditions shall be governed and construed in accordance with the laws of Singapore. The
Singapore Courts will have exclusive jurisdiction to settle any dispute regarding the existence and/or validity (in part or all) of these Terms and
Conditions.