Company: NDRA
Filing Date: 2025-11-06
Form Type: S-3
Source: 0001213900-25-107232
Chunk: 9

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-11-06
Form: S-3
Chunk 9
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Digital Asset Advisory Board

In connection with the Company’s
DAT strategy, the Company formed a Digital Asset Advisory Board to assist it in developing and managing its cryptocurrency strategy.
In connection with the Private Placement (as defined below), the Company appointed Jeff Dorman, Chief Investment Officer of Arca Investment
Management, LLC, a limited liability company (“Arca”), to its Digital Asset Advisory Board. The Digital Asset Advisory
Board currently consists of Mr. Dorman and Rayne Steinberg.

Asset Manager

In connection with the Company’s
DAT strategy, the Company entered into an Amended and Restated Investment Management Agreement (the “Investment Management Agreement”)
with Arca, pursuant to which the Company engaged Arca to provide active asset management services in accordance with the investment strategy
and investment objectives, policies, guidelines and restrictions as agreed to from time to time by the Company and Arca.

Arca will have discretion
to manage funds allocated to the Company’s DAT strategy, focusing on decentralized finance, including, without limitation, by purchasing
one to five decentralized finance digital assets, beginning with HYPE, directly or indirectly through the use of derivative instruments.

The Investment Management
Agreement may be terminated by either the Company or Arca upon not more than sixty (60) days’ but not less than thirty (30) days’
written notice to the other party.

Custody

The Company plans to hold
substantially all of its DAT assets in custody accounts at Anchorage Digital Bank, N.A. (“Anchorage”), a U.S.-based, institutional-grade
custodian. As the Company develops its DAT strategy, it may expand its holdings to multiple similar custodians. In connection with its
DAT strategy, Company entered into a Master Custody Service Agreement with Anchorage (the “Custody Agreement”), pursuant
to which it will act as custodian of the Company’s digital assets it deposits with Anchorage. Services provided by Anchorage will
include storage of digital assets and related settlement and support services. Under the Custody Agreement, Anchorage does not have the
authority to assign, hypothecate, pledge, encumber or otherwise dispose of our digital assets, subject to a lien to secure payment to
Anchorage in respect of its services. The Custody Agreement has an initial term of one year, at which time it will automatically renew
for successive renewal terms unless either party provides no less than 30 days’ prior written notice.

TAEUS Technology