Company: NDRA
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001654954-25-008477
Chunk: 13

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-07-25
Form: S-1/A
Chunk 13
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 is comprised of:   ·         James Altucher, an entrepreneur, author, cryptocurrency advocate and former hedge fund manager;    ·         James Manning, founder and Chief Executive Officer of Mawson Infrastructure Group, a U.S.-focused digital infrastructure provider; and    ·         Rayne Steinberg, co-founder and Chief Executive Officer of Arca, a leading institutional digital asset management firm.     Asset Manager    The Company has entered into an Investment Management Agreement (the “IMA”) with Arca, pursuant to which Arca will provide discretionary investment management services with respect to the Company’s cryptocurrency holdings managed by Arca.  Under the terms of the IMA, Arca has full discretion to manage, invest and reinvest the Company’s cryptocurrency holdings that Arca manages, in accordance with the stated investment strategy.  Either party to the IMA may terminate the agreement upon not less than 30, nor more than 60, days’ written notice to the other party.    Custody    We plan to hold substantially all of our cryptocurrency in custody accounts at Anchorage, a U.S.-based, institutional-grade custodian that has demonstrated a record of regulatory compliance and information security. As we further execute on our strategy, we may expand our holdings to multiple similar custodians.     We have entered into a Master Custody Service Agreement with Anchorage (the “Custody Agreement”), pursuant to which it will act as custodian of our digital assets we deposit with Anchorage. Services provided by Anchorage include storage of our 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.       Anchorage does not use hot wallets or legacy cold storage approaches in any part of its architecture. Hot wallets can expose private keys to significant risk, and legacy cold storage can make assets inaccessible for transactions and on-chain operations. Anchorage’s approach utilizes hardware security modules (“HSMs”) — with the intention of providing safety while also extending all the benefits of asset usability. All asset-holding private keys are generated and processed in HSMs with no direct connection to the internet, and do not leave the logical boundary of the HSM un