# EDGAR Filing Document

**Accession Number:** 0001897359
**File Stem:** 0001214659-23-001093
**Filing Date:** 2023-1
**Character Count:** 592679
**Document Hash:** a7d9ca46d96d9d71bba385ad57940bd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-001093.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001214659-23-001093

**CONFORMED SUBMISSION TYPE**: 1-A/A

**PUBLIC DOCUMENT COUNT**: 51

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hygienic Dress League Corp
- **CENTRAL INDEX KEY:** 0001897359
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 873754295
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-11818
- **FILM NUMBER:** 23552558

**BUSINESS ADDRESS:**
- **STREET 1:** 405 WEST GRAND BLVD
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48216
- **BUSINESS PHONE:** 2156955860

**MAIL ADDRESS:**
- **STREET 1:** 405 WEST GRAND BLVD
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hygenic Dress League Corp
- **DATE OF NAME CHANGE:** 20211206

## Part

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

**FORM 1-A**

**REGULATION A OFFERING CIRCULAR**

**UNDER THE SECURITIES ACT OF 1933**

**<u>HYGIENIC DRESS LEAGUE CORP.</u>**

**(Exact name of registrant as specified in its charter)**

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| | |
|:---|:---|
| **Delaware** | **87-3754295** |
| **(State of Incorporation)** | **(Federal EIN)** |

---

**ICC# 2741**

**Primary Standard Industrial Classification Code Number**

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)**

**Steve Coy**

**Chief Executive Officer**

**405 West Grand Blvd.**

**Detroit, MI 48216**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

**Agents of Delaware Inc.**

**257 Old Churchmans Rd** 

**New Castle DE 19720**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(302) 544-4267**

***With a copy to:***

Andrew Bull, Esq.

Bull Blockchain Law, LLP

21 S. 11<sup>th</sup> Street, Floor 2

Philadelphia, PA 19107

Andrew@bullblockchainlaw.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(215) 695-5860

**PRELIMINARY OFFERING CIRCULAR**

**An offering statement pursuant to Regulation A relating to these tokenized securities has been filed with the Securities and Exchange Commission (the "*SEC*"). Information contained in this Preliminary Offering Circular ("*Offering Circular*") is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the offering statement filed with the SEC is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the offering statement in which such Final Offering Circular was filed may be obtained.**

 **Dated as of January 18, 2023**

**Offering Circular**![](hdlc_logo.jpg)

**HYGIENIC DRESS LEAGUE CORP.**

**Up to Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) Shares of Class B Non-Voting Common Stock Represented by HDL Tokens** 

HYGIENIC DRESS LEAGUE CORP. ("***we***" or the "***Company***"), a Delaware corporation (together with its affiliates, "***HDL***"), is offering up to Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock (the "***Offering***") represented by digital tokens, referred to as the HDL Tokens (the "***HDL Tokens***"). The offering price per share is $10.00 per HDL Token, for an aggregate Offering amount of up to $6,562,500. There is no required minimum number of HDL Tokens or amount of proceeds that must be sold as a condition to completion of this Offering.

We have two classes of authorized common stock, Class A Voting Common Stock and Class B Non-Voting Common Stock. All shares of our capital stock outstanding prior to this Offering are shares of our Class A Voting Common Stock. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to voting. Our Class B Common Stock will be non-voting. Each share of Class A Common Stock is entitled to one (1) vote per share. Class A Common Stock will represent approximately one hundred (100%) percent of the voting power of our outstanding capital stock immediately following the closing of this Offering. We expect our Class B Common Stock, represented by HDL Tokens, to become available for trading on the alternative trading system ("***ATS***") operated by Securitize Markets, LLC ("***Securitize ATS"****)* , subject to its customary due diligence. However, we cannot provide any assurance that we will be successful in making our Class B Common Stock available to trade on any ATS, including the Securitize ATS.

Each share of our Class B Common Stock will be represented by a digital common stock token, hereinafter referred to as the **HDL Token(s)**. Our transfer agent, Securitize LLC, a Delaware limited liability company (the ''***Transfer Agent****''* or ''***Securitize***'') will handle all transfers of our Class B Common Stock, and the Securitize ATS will support secondary trading of Class B Common Stock; however, it is not a condition to the closing of the Offering that the Class B Common Stock be admitted for trading on the Securitize ATS or any other ATS. Holders of HDL Tokens will always have the ability to transfer such HDL Tokens through the book-entry transfer facilities of Securitize. Should we make HDL Tokens available, we reserve the right to discontinue the usage of HDL Tokens and revert to traditional or other methods of share certification.

In order to purchase HDL Tokens, a potential purchaser must first create an account via the Securitize dashboard. The Securitize dashboard is accessible via the HDL website. Potential purchasers must pay the purchase price for the HDL Tokens in U.S. dollars or USDC. All of proceeds for the sale of our HDL Tokens will be held by Transfer Agent on behalf of HDL in a designated custodian account the Transfer Agent has established with Prime Trust, LLC (the "***Escrow Agent***"). All USDC received by the Escrow Agent shall be converted into the equivalent USD amount which will be calculated based on publicly available exchange rates at the point in time at which a purchaser transfers USDC to Escrow Agent to participate in this offering. Potential purchasers must also pay any applicable network fees required to transact in USDC, which is paid directly to the crypto asset's network, not to HDL. Upon the closing of the Offering, our Transfer Agent will record the issuance of each share of Class B Common Stock to the relevant purchasers of the HDL Tokens and release the escrowed proceeds in USD to HDL. If the Offering is terminated or expires prior to the closing of the Offering and no shares of our Class B Common Stock have been issued, we will direct the Transfer Agent to release the escrowed proceeds back to the relevant purchasers. Escrowed proceeds will be released back in the amount and form of payment that was made on the original date of payment, and payments will be returned in the same crypto asset that such payment was made in. If the offering is terminated or expires for any reason or if we reject a purchaser's subscription for any reason, and no shares of our Class B Common Stock have been issued to such purchaser, we will not have any obligation to such purchaser except to return such purchaser's subscription payment in USD or USDC.

Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock represented by HDL Tokens at a price of $10.00 per HDL Token to "qualified purchasers" generally (as such term is defined under Regulation A of the Securities Act of 1933, as amended (the "***Securities Act***")). HDL Tokens are digital representations of Class B Common Stock. As a shareholder of the Company, purchasers of HDL Tokens enjoy additional benefits, such as early and exclusive access to events and HDL art installations.

This Offering will commence within two (2) calendar days following the qualification of the Offering. The Offering will terminate at the earlier of (1) December 31, 2023; (2) the date on which all Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock represented by HDL Tokens have been sold; (3) the date which is one year after this Offering is qualified by the U.S. Securities and Exchange Commission (the "***SEC***," or the "***Commission***"); or (4) the date which this Offering is earlier terminated by the Company in its sole discretion (collectively, referred to as the "***Termination Date***").

**Investing in the HDL Tokens is speculative and involves substantial risk. You should purchase the HDL Tokens only if you can afford a complete loss of your investment. See the section titled "*Risk Factors*" beginning on page 12 to read about factors you should consider before buying the HDL Tokens.** 

**Neither the SEC nor any state securities commission has approved or disapproved the HDL Tokens or determined if this Offering Circular is accurate or complete. Any representation to the contrary is a criminal offense.** 

---

| | | |
|:---|:---|:---|
|  | **<u>Per Share</u>** | **<u>Total</u>** |
| Initial Offering price | $10.00 | $6562500 |
| Proceeds to HDL, before expenses | $10.00 | $6562500 |

---

___________________

**The United States Securities and Exchange Commission does not pass upon the merits of or give its approval to any securities offered or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering Circular or other solicitation materials. These securities are offered pursuant to an exemption from registration with the Commission; however, the Commission has not made an independent determination that the securities offered are exempt from registration.**

**Generally, no sale may be made to you in this Offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.**

*We are following the "Offering Circular" disclosure format under Regulation A.*

The date of this offering circular is January 18, 2023

**IMPORTANT INFORMATION ABOUT THIS <br> OFFERING CIRCULAR**

Please carefully read the information in this Offering Circular and any accompanying Offering Circular supplements, which we refer to collectively as the "Offering Circular." You should rely only on the information contained in this Offering Circular. We have not authorized anyone to provide you with different information. This Offering Circular may only be used where it is legal to sell these securities. You should not assume that the information contained in this Offering Circular is accurate as of any date later than the date hereof or such other dates as are stated herein or as of the respective dates of any documents or other information incorporated herein by reference.

This Offering Circular is part of an offering statement that we filed with the SEC, using a continuous offering process. Periodically, as we make material developments, we will provide an offering circular supplement that may add, update, or change information contained in this Offering Circular. Any statement that we make in this Offering Circular will be modified or superseded by any inconsistent statement made by us in a subsequent Offering Circular supplement. The offering statement we filed with the SEC includes exhibits that provide more detailed descriptions of the matters discussed in this Offering Circular. You should read this Offering Circular and the related exhibits filed with the SEC and any Offering Circular supplement, together with additional information contained in our annual reports, semi-annual reports and other reports and information statements that we will file periodically with the SEC. See the section entitled "*Where You Can Find Additional Information*" below for more details.

The offering statement and all supplements and reports that we have filed or will file in the future can be read at the SEC website, www.sec.gov.

The Company will be permitted to make a determination that the purchasers of HDL Tokens in this offering are "qualified purchasers" in reliance on the information and representations provided by the purchaser regarding the purchaser's financial situation. **Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to** www.investor.gov.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **OFFERING SUMMARY** | **6** |
| **RISK FACTORS** | **12** |
| **SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS** | **24** |
| **USE OF PROCEEDS** | **25** |
| **DIVIDEND POLICY** | **26** |
| **CAPITALIZATION** | **27** |
| **MANAGEMENT'S DISCUSSION AND ANALYSIS** | **28** |
| **BUSINESS** | **31** |
| **MANAGEMENT** | **34** |
| **EXECUTIVE COMPENSATION** | **36** |
| **Principal Stockholders** | **36** |
| **DESCRIPTION OF THE SECURITIES BEING OFFERED** | **37** |
| **CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS** | **38** |
| **PLAN OF DISTRIBUTION** | **41** |
| **LEGAL MATTERS** | **47** |
| **EXPERTS** | **48** |
| **WHERE YOU CAN FIND ADDITIONAL INFORMATION** | **49** |
| **FINANCIALS** | **50** |

---

___________________

We have not authorized anyone to provide any information or to make any representations other than those contained in this Offering Circular or in any "test the waters" materials we have prepared. We take no responsibility for and can provide no assurance as to the reliability of any other information that others may give you. This Offering Circular is an offer to sell only the HDL Tokens offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this Offering Circular is current only as of its date.

**To the extent the information in this Offering Circular, without regard to any ''testing the waters'' materials, conflicts with, or differs from, the information provided in any ''testing the waters'' materials, the information in this Offering Circular, again without regard to any ''testing the waters'' materials, supersedes and replaces any such conflicting or differing information.**

**OFFERING SUMMARY**

*This offering summary highlights material information regarding the HDL Tokens, our business, and this offering. Because it is a summary, it may not contain all of the information that is important to you. To understand this offering fully, you should read the entire offering circular carefully, including the "Risk Factors" section, before making a decision to invest in our tokens. Unless the context requires otherwise, in this offering the terms "we," "us" and "our" refer to HDL Corp., the issuer of the HDL Tokens.*

*This offering circular uses certain technical terms. These technical terms are defined in the "Glossary" beginning on page 15 in this offering circular. Each term in the Glossary is rendered in bold in its initial use in each of (i) the offering summary through management's discussion and analysis of financial condition and results of operations and (ii) the remainder of this offering circular.*

**Overview**

We are an immersive concept art company developing, sponsoring, and commercializing innovative open source-based art works and exhibitions using blockchain technologies, e.g., cryptographic tokens and Non-Fungible Tokens ("***NFTs***"), to create conceptual and performance art. Thus far, HDL's vision and art exhibitions have manifested as TV commercials, public art installations, fleeting out-of-home projections, and augmented reality experiences. HDL's goal is to create novel and unique art experiences that leverage blockchain innovation and allows for the usage and sale of NFTs.

In addition to being shareholders of HDL, HDL Token holders will have early access to HDL art exhibits, sponsored events, and immersive experiences. For example, the Company intends on launching a series of physical immersive art exhibits, whereby HDL Token holders will be able to gain access physically and virtually via their proof of ownership of HDL Tokens. The ultimate goal of the Company is to allow HDL Token holders and the general public to explore aspects of the human condition and contemporary society via immersive digital and physical art by leveraging blockchain innovation to create a novel and unique experience.

**TERMS OF THIS OFFERING**

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| | |
|:---|:---|
| *Summary* | We are offering Six Hundred Fifty-Six Thousand Two Hundred Fifty (656250) shares of Class B Common Stock, represented by HDL Tokens to qualified purchasers generally through this Offering |

| *Pricing* | We are offering the HDL Tokens in this Offering at $10.00 per HDL Token. |
| *Term* | The Offering will commence within two (2) calendar days after the offering statement in which this Offering Circular is included has been qualified by the SEC. This Offering will continue until the earliest of (i) December 31, 2023, (ii) the date on which all Six Hundred Fifty-Six Thousand Two Hundred Fifty (656250) shares of Class B Common Stock represented by HDL Tokens have been sold, (iii) the date which is one year after this offering is qualified by the SEC, or (iv) the date on which this offering is earlier terminated by the Company in its sole discretion. |
| *Distributions to Investors* | We will distribute HDL Tokens to all investors in one distribution upon closing of the Offering and no later than thirty (30) days after the closing of this Offering, or we shall return investor funds and allow investors to revoke subscriptions. |
| *Investor Qualifications* | Investors may be either "accredited investors" within the meaning of Regulation D under the Securities Act, or any other investors so long as their investment in the HDL Tokens does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). |

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| | |
|:---|:---|
| *Minimum Purchase* <br> *Requirements* | Investors in the Offering must commit to a minimum purchase amount of five hundred dollars ($500.00) for fifty (50) HDL Tokens in this Offering. This minimum purchase requirement may be waived at the discretion of HDL. |
| *Maximum Purchase Amount* | Purchasers through the Offering are only subject to the limits on investment set forth in "*Investor Qualifications*," although there is no guarantee that any such purchaser will receive all the HDL Tokens they subscribe for as further discussed in the section of this Offering Circular captioned "*Plan of Distribution*." |
| *How to Subscribe* <br> *(cash offering)* | Prospective investors in the Offering may submit subscription agreements through our website at *www.hdlcorp.io* that will be available within two (2) calendar days of the qualification of this Offering Circular. Each investor in this Offering will be provided with access to an electronic version of the Offering Circular. We will also enlist the services of a partner to provide anti-money laundering, know-your-customer, and other investor verification services. |
|  | We will accept payment of purchase price in U.S. dollars and USDC. |
|  | USDC's value will be pegged one-to-one to the U.S. Dollar for the purposes of this offering. Subscription amounts received shall be held by the Escrow Agent in a custody account until the closing of the cash offering. |
|  | Payment for HDL Tokens sold through this Offering will be accepted on a rolling basis during the term of the Offering upon or shortly after submission of a subscription agreement by a potential investor. HDL will deliver HDL Tokens to purchasers' digital wallet addresses upon the distributions of HDL Tokens referenced in "*— Distributions to Investors*" above. Upon any rejection of a subscription or our failure to deliver the HDL Tokens sold in this Offering, all funds received in connection with such subscription will be promptly returned to such investor without interest. Such refund will be paid in USD or USDC in the same amount as paid by such investors. |
| *Recordation of Ownership* | Ownership of the HDL Tokens purchased through this Offering will be recorded on the Polygon blockchain network by our Transfer Agent at the time when the HDL Tokens are delivered. |
| *Use of Proceeds* | We intend to use the proceeds of this offering, net of any federal and state income taxes, for working capital and other general corporate purposes, including but not limited to development of the HDL Tokens, development of future artwork, payment of salaries, hiring employees and consultants, and organizing and hosting immersive art exhibits and experiences. |
| *Trading of Class B* <br> *Common Stock*  | The HDL Tokens distributed in this offering will not be restricted securities under federal securities law, and HDL anticipates that upon delivery, the HDL Tokens will be usable without restriction and freely tradeable on a registered exchange or alternative trading system for purposes of federal securities laws. There is no assurance that Securitize ATS or any other exchange, will approve our HDL Tokens for listing, there is no current public market for HDL Tokens, and one may never develop. As such, it is possible that the HDL Tokens may have limited liquidity as a result. |
|  | If the Class B Common Stock is approved to be quoted on the Securitize ATS, we will notify investors by filing a supplement to this Offering Circular (if this offering is still continuing at that time) and a Form 1-U, and posting a notice on *<u>www.hdlcorp.io</u>*<u>,</u> and seek to have the HDL Tokens listed for trading to the extent its listing requirements or rules can reasonably be complied with by HDL. Holders of HDL Tokens that wish to transfer these HDL Tokens will be required to make their own determination as to whether such transfer is in compliance with state and foreign securities laws. |

---

**Digital Format of HDL's Class B Common Stock**

We are offering shares of our Class B Common Stock represented by HDL Tokens. The HDL Tokens will be issued in book-entry form as reflected on the books of our Transfer Agent. Purchases or transfers of our HDL Tokens will be executed by the Transfer Agent.

Our HDL Tokens exist solely as book-entry shares within the records of the Transfer Agent. Shares of our Class B Common Stock will not have traditional share certificates. We intend that each share of our Class B Common Stock will be represented by an HDL Token. HDL Tokens are only digital representations of our Class B Common Stock and cannot be traded independently of the Class B Common Stock. At the time of the commencement of this Offering, our HDL Tokens will not yet be available. We expect that our HDL Tokens will be available within nine (9) months of the qualification of this offering. If we make HDL Tokens available, we will notify our HDL Tokens holders by filing a Form 1-U and posting a notice on www.hdlcorp.io. We recognize that the use of HDL Tokens as representations of our Class B Common Stock is novel, and therefore we reserve the right to discontinue the usage of HDL Tokens. Should we choose to discontinue the usage of HDL Tokens, this decision would have no effect on the ability of holders of our Class B Common Stock to trade their Class B Common Stock on an ATS or through other means. The ownership and transfer of the HDL Tokens will be recorded in book-entry form by the Transfer Agent. If we make HDL Tokens available, a record of the movements of the HDL Tokens will be recorded on a blockchain network approved by our Transfer Agent using the HDL Tokens and the Transfer Agent will have access to that blockchain-based record. If a transfer or sale of HDL Tokens is made and the seller possesses HDL Tokens but does not transfer to the buyer the number of HDL Tokens that corresponds to the amount of HDL Tokens sold, the Transfer Agent will remove the relevant amount of HDL Tokens from the seller's digital wallet and burn them, so that they no longer exist. If a purchaser of HDL Tokens has a digital wallet and wishes to possess HDL Tokens, but the seller of the HDL Tokens either did not possess HDL Tokens, or did not provide them to the purchaser, the Transfer Agent will provide the purchaser with new HDL Tokens.

**Although records of secondary transfers of HDL Tokens between stockholders, which we refer to as ''peer-to-peer'' transactions, would be viewable on a blockchain network, record and beneficial ownership of our HDL Tokens are reflected solely on the book-entry records of the Transfer Agent. The Transfer Agent is regulated by the SEC and the Transfer Agent's records constitute the only official shareholder records for our HDL Tokens and govern the record ownership of our HDL Tokens in all circumstances.**

HDL Tokens are ''Securitize DS Protocol'' digital tokens that are transferable between approved accounts in peer-to-peer transactions on a blockchain network approved by the Transfer Agent. HDL Tokens are created, held, distributed, maintained, and deleted by the Transfer Agent, and not by HDL. The Transfer Agent uses the Securitize DS Standard (which can interface with various blockchain networks' programming standards) to program any relevant compliance-related transfer restrictions that would traditionally have been printed on a paper stock certificate onto ''smart contracts'' (computer programs written to the relevant blockchain), which allows the smart contract to impose the relevant conditions on the transfer of the HDL Tokens. One example of such coding is a restriction on to whom HDL Tokens may be transferred. HDL Tokens cannot be created or deleted by any entity other than the Transfer Agent.

**Overview of Our Business**

Overview

 ****

Hygienic Dress League Corp. ("***HDL***") is an immersive concept art company developing, sponsoring, and commercializing open source-based art works, immersive experiences, and exhibitions using blockchain technologies, e.g., cryptographic tokens and Non-Fungible Tokens ("***NFTs***"), to create novel conceptual and performance art. Thus far, HDL's vision and exhibitions have manifested as TV commercials, public art installations, fleeting out-of-home projections, and augmented reality experiences. Fleeting out-of-home projections refers to a project where HDL will project video into steam vents the city of Detroit, Michigan. Projecting video from video projectors into steam created the effect of holograms. More holograms may be made through other art performances and installations using this or other projection techniques.

As its primary source of revenue, HDL will develop and sell various lines of art based NFTs in order to finance HDL's activities, depending on market conditions. HDL will accept USD and cryptocurrency stable coins, primarily USDC, as consideration for NFTs it creates and sells in the normal course. USDC stable coin represents a 1:1 peg to USD and while it may meet the definition of a crypto asset, there is essentially no price fluctuation that occurs with crypto assets like bitcoin and ether. ETH may also be accepted by payment processors and/or APIs can be set up to create an instant conversion of ETH to USDC so HDL only receives USDC from any given transaction. HDL's additional revenue streams will come in the form of traditional art commissions, sales of original artwork and entrance fees for exhibitions, immersive experiences and events. Commissions can come in the form of temporary artwork, permanent artwork, performances, and events. These can come from many different sources from private collectors to museums, curators, businesses, foundations, non-profits, and government entities and community organizations. HDL also plans to create and host its own unique events, exhibitions, and spaces both temporary and permanent, physical and virtual.

HDL will also collaborate with emerging and underrepresented artists to create unique art works and sculptures. Each piece of artwork or sculpture that results from these collaborations will have its own line of NFTs that HDL will mint and sell to the general public. HDL will be generating revenues from the primary and secondary sales of NFTs.

*Blockchain Technology*

HDL utilizes blockchain technology in the operations of its business which is an open, distributed ledger managed by a peer-to-peer network to record transactions between parties linked to the blockchain. The Bitcoin blockchain, and other blockchains, such as those of Ethereum and Litecoin, can be thought of as public record books of crypto asset transactions. These record books are ''decentralized'' or stored on multiple computers around the world.

HDL Tokens sold in this Offering will be released on Polygon blockchain network. Polygon is a decentralized blockchain protocol that is built on top of the Ethereum platform and establishes a peer-to-peer network that securely executes token transactions and verifies application code, called smart contracts. Records of these transactions are immutable, verifiable, and securely distributed across the network, giving participants full ownership and visibility into transaction data. Users of the Polygon network must use the native MATIC token to execute transactions on the network. Transaction fees remain consistently low on the Polygon network.

*Crypto Assets*

Crypto assets are digital assets that exist on a particular blockchain and can be moved from one party to another party on that blockchain. There are different types of crypto assets, as some crypto assets represent stakes in a particular project, some add functionality to blockchain-based platforms, and some are intended to function like currencies, such as Bitcoin, and do not represent a stake in a particular project or company. Crypto assets are directly held by their owners and are immediately transferable, subject to applicable law.

*NFT Secondary Sales Revenue Capture*

HDL may capture revenue from the secondary sales of certain NFTs created and distributed by HDL via platforms such as OpenSea. For instance, OpenSea allows for a percentage fee to be set for when an NFT holder re-sells an NFT, the original NFT creator receives a portion of the proceeds from the sale. OpenSea uses smart contracts, designed for buying and selling unique digital assets that allows for the automatic capture of secondary revenue sales in addition to the transfer of the NFT from a seller to a purchaser.

*Management Team*

We believe that the quality of our team has had and will continue to have a strong and positive impact on our ability to develop and capitalize on the implementation of our business plan, including the development of art based NFTs, as well as immersive physical and digital art experiences. In that vein, we have assembled a talented group of artists, software engineers, directors, and other advisors who have been influential in the development of blockchain technologies and intellectual property across industries such as traditional art, immersive art, consensus algorithms, and security analysis. Note that the aforementioned artists, software engineers, directors and other advisors are not employees of the Company. Third party service providers and advisors such as Bull Blockchain Law, Securitize, or Securitize Markets are also not employees of the company.

*Corporate History*

We are a Delaware corporation founded in November 2021 for the purpose of developing the HDL Tokens and the implementation of our business plan of becoming a leading immersive art concept company that leverages blockchain innovation to create new forms or artistic expression and unique experiences.

*Channels for Disclosure of Information*

Investors, the media, and others should note that, following the completion of this offering, we intend to announce material information to the public regarding HDL and the Offering through filings with the SEC, HDL's mailing list which is available for sign-up at https://www.hdlcorp.io (and archives of which can be accessed by following a link at the same website), press releases, public conference calls and webcasts. Information specifically relating to the HDL Tokens will be announced through www.hdlcorp.io. We also intend to announce information regarding HDL and its business, operating results, financial condition, and other matters through tweets on the HDL Twitter account, which can be accessed at *https://twitter.com/hdlcorp.* Following qualification and prior to termination of this offering, we will file either a post-qualification amendment or supplement, depending on the facts and circumstances at the time, to provide any material new or changed information to investors, and that following qualification of the offering, we will have periodic and current reporting obligations.

Therefore, investors should monitor our website and the above social media account in addition to following its press releases, SEC filings, public conference calls, and webcasts. The social media channels that HDL intends to use as a means of disclosing the information described above may be updated from time to time as listed on HDL's investor relations.

*Summary of Risk Factors*

Investing in the HDL Tokens is speculative and involves substantial risks. You should purchase these crypto assets only if you can afford a complete loss of your investment. You should carefully review the "*Risk Factors*" section of this Offering Circular, beginning on page 12, which contains a detailed discussion of the material risks that you should consider before you invest in our tokens. These risks include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· There can be no assurance that any purchaser will achieve his or her investment objective or avoid substantial
losses by investing in tokens. Instruments like the HDL Tokens entail a high degree of risk, and purchasers may lose some or all of their
investment. A potential purchaser should invest in tokens only if able to withstand a total loss of their investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Crypto assets such as the HDL Tokens are a new and relatively untested product. There is considerable
uncertainty about the asset class's long-term viability, which could be affected by a variety of factors, including many market-
based factors such as economic growth, inflation, and others. In addition, the success of the tokens and other types of crypto assets
will depend on whether blockchains and other new technologies related to the tokens turn out to be useful and economically viable. We
do not control any of these factors, and therefore may not be able to control the long-term success of the tokens or the ability of the
tokens to maintain their value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Certain portions of the proceeds of our sales made in reliance under Regulation D remain subject to return
to the investors pending achievement of a milestone — see the section of this offering circular captioned

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The offering price of our tokens was not established on an independent basis; after we commence operations,
the actual value of your investment may be substantially less than what you pay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Crypto assets like the HDL Tokens may be lost due to bugs in digital wallet software, loss of private
keys, and many other reasons. While we have contracted with Securitize to provide the most secure network and process to avoid these issues,
a potential purchaser should invest in tokens only if able to withstand a total loss of their investment resulting from a software or
hardware bug or misuse of digital wallet or theft or loss of private keys.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Transactions in crypto assets such as the tokens and certain other virtual currencies may be irreversible.
Failure to provide us with the correct wallet address under the control of the purchaser will, in most cases, result in the loss of your
tokens. Loss of access to your wallet or compromise of your wallet's private keys will, in most cases, result in the loss of your
tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· If we raise substantially less than the maximum offering amount, we may not be able to successfully continue
the development of the network and the value of your tokens may be adversely impacted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We have a limited operating history, which makes it difficult to evaluate our business and prospects and
may increase the risk associated with your investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The market in which we participate is intensely competitive, and we may not be able to compete successfully
with our current or future competitors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We may fail to manage the growth of the HDL and our growth effectively, which could cause our business
to suffer and have an adverse effect on our financial condition and operating results.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· This offering is being made pursuant to recently adopted rules and regulations under Regulation A of the
Securities Act. The legal and compliance requirements of these rules and regulations, including ongoing reporting requirements related
thereto, are relatively untested with regard to crypto-assets or digital tokens.

**GLOSSARY**

A "***block***" is a discrete group of records written to a blockchain that can effectively be identified and referenced by the use of "headers" that contain a digital fingerprint of the records each block contains.

A "***blockchain***" is a database created and shared by the members of a peer-to-peer computer network which each member of that network can independently trust due to the rules governing the database's creation. A blockchain can therefore be used to replace centralized databases.

"***Consensus rules***" are the rules governing the creation of new valid records in a blockchain database, and the mining algorithms used for this purpose, as described in the section of this offering captioned "

A "***digital asset***" (also referred to as a "***crypto asset***") is any set of unique digital information—including, for example, programs, decentralized programs, isolated chunks of programming code, collections of data, e-mail or web addresses or cryptocurrency tokens—that is capable of being stored and uniquely tracked on a computer network and over which a user can maintain control through that network.

A "***digital fingerprint***" is a unique number of a fixed length that can be produced by running any set of digital information through something called a cryptographic "hash" function. Each set of digital information (including a digital asset, and the digital record of any network operation on that digital asset) should (as a practical matter) have a unique digital fingerprint, which allows that set of digital information to be identified. However, it is almost impossible to recreate a digital asset from its digital fingerprint.

A "***digital signature***" is a sequence of digital information combining a user's private key and any digital information that the user wishes to "sign." Any other party can use the user's paired public key to verify that the digital signature is authentic, i.e., that it was generated from a particular piece of digital information and the user's private key.

A "***network operation***" is any change to the information about a digital asset (or smart contract) stored on a blockchain, including, for example, a change in the digital asset's owner, or a change in the location at which it is stored on the network. How and when these network operations are performed for each digital asset is governed, on the Ethereum Blockchain, a smart contract.

A "***Non-Fungible Token***" a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it).

A "***private key***" is a very large random sequence of digital information (effectively a very long password) that should be known only by a single user of the network and cannot be plausibly guessed by a third party in a reasonable amount of time. A user generates this large random sequence locally on a computer and should never share it with anyone. Each private key has a paired sequence of digital information, called a "***public key***," which a user can share publicly.

A "***smart contract***" is a computer program written to a blockchain such as the Ethereum blockchain by developers. This computer program defines the various network operations that can be performed on the digital assets on the blockchain, the computations that can be performed using the smart contract, along with defining various important properties of the respective digital assets like ownership rights and the cost in "fuel" required to register the digital assets.

A "***wallet address***" is the form in which a public key can be presented and recorded on a blockchain. Wallet addresses are therefore used to assign the ownership of digital assets on the Polygon Blockchain.

**RISK FACTORS**

*An investment in the HDL Tokens involves a high degree of risk. You should consider carefully the risks described below, together with all of the other information contained in this offering statement, and your purchase agreement, if applicable, before making an investment decision. The following risks entail circumstances under which our company's business, financial condition, results of operations and prospects could suffer.*

**Risks Related to an Investment in the HDL Tokens**

***The HDL Tokens have no history and thus face significant uncertainties around their evaluation. This evaluation may be highly dependent on the demand for the NFTs supported by the Polygon Blockchain, which is unproven and uncertain, and the reliability of the Polygon Blockchain.***

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The HDL Tokens have no performance history and are a relatively novel form of investment. Tokenizing securities, including those that possess a connection to a Non-Fungible Token, e.g., HDL Tokens, are untested and have limited ability to compare them against other like instruments. Moreover, the Polygon blockchain constitutes an unproven and novel model of the construction and operation of internet applications, and the success of the HDL Tokens is likely to depend upon the success of this model. This success may in turn be dependent on both the demand for an alternative to traditional centralized internet and application architecture, which is unproven, and the performance of the technology used to create the HDL Tokens, which is untested. An investment in the HDL Tokens should therefore be evaluated not only on the basis of the value and prospects of the HDL Tokens, taking into account an assessment of the prospects of our company in achieving its goals with respect to immersive art, and its related NFTs, but also taking into account the significant uncertainties associated with these assessments given the lack of previous investments, business models, and technological systems against which the HDL Tokens may be usefully compared.

**There is no guarantee that the HDL Tokens will hold their value or increase in value, and you may lose the amount of your investment in the HDL Tokens in whole or in part.**

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The HDL Tokens are highly speculative, and any return on an investment in the HDL Tokens is contingent upon numerous circumstances, many of which (including legal and regulatory conditions) are beyond the control of HDL. There is no assurance that purchasers will realize any return on their investments or that their entire investment will not be lost. For this reason, each purchaser should carefully read this offering circular and should consult with his or her own attorney, financial and tax advisors prior to making any investment decision with respect to the HDL Tokens. Investors should only make an investment in the HDL Tokens if they are prepared to lose the entirety of their investment.

In particular, crypto-assets and tokens such as HDL Tokens are a new and relatively untested product. There is considerable uncertainty about their long-term viability, which could be affected by a variety of factors, including many market-based factors such as economic growth, inflation, and others. In addition, the success of the HDL Tokens and other types of crypto assets will depend on whether blockchain and other new technologies related to the tokens turn out to be useful and economically viable. Further, blockchains are one of several technology components of HDL, and even if blockchains themselves are successful, the other technology components might not be successful. HDL does not fully control any of these factors, and therefore may not be able to control the long-term success of the HDL Tokens as a feature to access the HDL art exhibits and immersive experiences or the ability of the tokens to maintain their value.

The volatility and unpredictability of the price of crypto assets, including the HDL Tokens, relative to fiat and other currency may result in significant loss over a short period of time. In addition, the value of the HDL Tokens may be derived from the continued willingness of market participants to exchange fiat and other currency for the HDL Tokens, which may result in the potential for permanent and total loss of value of the HDL Tokens should the market for them disappear.

Over the longer term, the value of HDL Tokens may be influenced by several factors, such as increasing demand from, among other things, increased activity on the network and based on decreased of supply of HDL Tokens due to "burn" associated with transactions on the network, such as name registration and similar transactions. Many factors will influence the value of HDL Tokens, some of which are described in these Risk Factors. Moreover, HDL does not plan to maintain any type of bond or trust account designed to protect holders of the HDL Tokens, and we do not intend to secure the HDL Tokens with any other asset.

**You will not be able to use or sell almost all of your HDL Tokens immediately after purchase, and they may decline in value before you have a chance to use or sell them.**

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When you first receive your HDL Tokens, you will not be able to sell the entire amount. The amount of HDL Tokens that qualified purchasers can sell at the time of the Offering, and within the following 12 months, is limited to no more than 30% of the aggregate offering price of the Offering. Therefore, in the event the 30% threshold is met, qualified purchasers will be subject to a 12-month lock-up period for their remaining tokens to be resold. While your tokens remain locked, you will not be able to use them for any purpose. There is no guarantee that the value of your HDL Tokens will not decrease while your tokens are locked and you are unable to burn, or otherwise use or transfer them.

**The value ascribed to the HDL Tokens by its holders may fluctuate based in part on the number and scope of additional features that may be provided to holders of HDL Tokens in the future.**

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HDL or other third parties may propose additional features that benefit holders of the HDL Tokens in the future by modifying the smart contract for the HDL Token. The holders of HDL Tokens do not have any rights to block, approve, mandate, or vote on any new features that are introduced to the HDL Token. The terms and conditions of the HDL Tokens, however, do not entitle holders to any additional features, and potential purchasers should not ascribe any value to these potential additional features in making their investment decision. If in the future, certain additional features are provided, it is possible that token holders will ascribe some value to these additional features. However, any additional features may be terminated and cease, to the extent that holders are attributing value to additional features, any such termination or cessation may cause the value of the HDL Tokens to decrease and this decrease may be material.

**The offering price of the HDL Tokens was not established on an independent basis; the actual value of your investment may be substantially less than what you pay.**

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The selling price of the HDL Token bears no relationship to our book or asset values or likelihood of repayment or to any other established criteria for valuing securities. Because the offering price is not based upon an independent valuation, the offering price may not be indicative of the proceeds that you would receive upon a sale of the HDL Tokens. Further, the offering price may be significantly more than the price at which the HDL Tokens would trade if they were to be listed on an exchange or actively traded by broker-dealers.

***The HDL Tokens provide no rights to direct how the HDL will operate.***

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Upon issuance, holders of the HDL Tokens will not have any right to vote on any aspect of how HDL will operate other than potentially through polling which we anticipate will be non-binding. As a result, holders will not have control over any key aspects of how the HDL business will be managed and will be reliant on HDL's management for those operations and the success of the HDL Tokens. Because the HDL Tokens confer no governance rights, all decisions involving HDL or the HDL Tokens will be made by us at the sole discretion of HDL's management and Class A stockholders, including, but not limited to, decisions to discontinue the HDL immersive art operations, create and sell more HDL Tokens, or sell or liquidate HDL. These decisions could adversely affect the value of the HDL Tokens you hold.

**HDL Token transactions may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions or technology failures in your wallet software may not be recoverable.**

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Transactions in the HDL Tokens may be irreversible, and, accordingly, a purchaser of the HDL Tokens may lose all of his or her investment in a variety of circumstances, including in connection with fraudulent or accidental transactions, technology failures in wallet software or cyber-security breaches. Losses due to fraudulent or accidental transactions may not be recoverable.

**Investors may lack information for monitoring their investment and therefore the value of the HDL Tokens.**

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As a Tier-2 issuer, we are subject to the periodic and current reporting requirements under Rule 257(b) of Regulation A which are more relaxed than those of public reporting companies. The differences include, not are not limited to, being required to file only annual and semiannual reports, rather than annual and quarterly reports. Annual reports are due within 120 calendar days after the end of our fiscal year, and semiannual reports are due within 90 calendar days after the end of the first six months of our fiscal year. Other than the regulatory reporting, the HDL Tokens grant you limited, if any, information rights, and hence you may not be able to obtain all the information they would want regarding HDL or the tokens in a traditional equity investment. As a result, investors may not be able to receive information regarding the market value of the tokens. As a result of these difficulties, as well as other uncertainties, an investor may not have accurate or accessible information about HDL or the HDL Tokens, which could adversely affect their ability to accurately gauge the value of their HDL Tokens for purposes of determining whether to engage in transactions in the HDL Tokens.

**In making your investment decision, you should not rely on information in public media that is published by third parties. You should rely only on statements made in this offering statement in determining whether to purchase HDL Tokens.**

You should carefully evaluate all of the information in this offering circular. We have in the past received, and may continue to receive, media coverage, including coverage that is not directly attributable to statements made by our officers and employees. We cannot confirm the accuracy of this coverage. You should rely only on the information contained in this offering circular in determining whether to purchase HDL Tokens.

**If securities or industry analysts do not publish research or reports about the HDL Tokens or publish negative reports or recommendations about HDL Tokens, this may adversely impact the price and liquidity of the HDL Tokens**

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The trading market for the HDL Tokens, if it ever exists, may depend, to some extent, on the research and reports that securities or industry analysts publish about HDL or the HDL Tokens. We do not have any control over these analysts. If one or more of the analysts who may in the future cover us downgrade the HDL Tokens or change their opinion of the HDL Tokens, the price of the HDL Tokens would likely decline. If one or more of these analysts cease coverage of us or fail to regularly publish reports on us, we could lose visibility in the financial markets, which could cause the price or trading volume of the HDL Token to decline.

**The HDL Tokens are not legal tender, are not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Purchaser Protection Corporation protections.**

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The HDL Tokens are not legal tender, are not backed by any government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Purchaser Protection Corporation protections. Any investment in the HDL Tokens is made at the risk of the purchaser.

**The tax treatment of the HDL Tokens is uncertain and there may be adverse tax consequences for purchasers, miners, and other holders upon certain future events.**

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The tax characterization of the HDL Tokens is uncertain, and each purchaser must seek its own independent legal and tax advice with respect to the United States and non-U.S. tax treatment of an investment in the HDL Tokens. An investment in the HDL Tokens may result in adverse tax consequences to purchasers, including withholding taxes, income taxes and tax reporting requirements. While a purchase of property, such as the HDL Tokens, generally is not taxable to the purchaser for U.S. federal income tax purposes, a purchaser that uses Bitcoin, Ether as its form of payment for the HDL Tokens may have taxable gain or loss to the extent the purchasers' adjusted basis in Bitcoin, Ether used to purchase the HDL Tokens (expressed in U.S. dollars) is less than or greater than, respectively, the applicable exchange rate for Bitcoin, Ether (expressed in U.S. dollars) upon the acquisition of the HDL Tokens. HDL cannot and does not make any representations or assurances as to individual tax consequences, including the consequences of using HDL Tokens as transaction currency. If the HDL Tokens are characterized as "virtual currency" for U.S. federal income tax purposes, then, under a notice issued by the U.S. Internal Revenue Service in 2014, the general rules applicable to property transactions would apply.

**We are offering the HDL Tokens pursuant to amendments to Regulation A promulgated pursuant to the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to Tier 2 issuers will make HDL Tokens less attractive to purchasers as compared to a traditional public offering.**

As a Tier 2 issuer, we will be subject to scaled disclosure and reporting requirements, which may make the HDL Tokens less attractive to purchasers as compared to a traditional public offering which would have relatively enhanced disclosure and more frequent financial reporting. In addition, given the relative lack of regulatory precedence regarding the recent amendments to Regulation A, there is a significant amount of regulatory uncertainty in regard to how the SEC or the individual state securities regulators will regulate both the offer and sale of the HDL Tokens, as well as any ongoing compliance to which we may be subject. If our scaled disclosure and reporting requirements, or regulatory uncertainty regarding Regulation A, reduce the attractiveness of our tokens, we may be unable to raise the necessary funds to develop and grow the business, which could severely affect the value of the HDL Tokens.

**There is a risk that banks and other financial institutions may refuse to process transactions for or maintain accounts for entities or individuals transacting in cryptocurrencies.**

Banks may refuse to provide bank accounts and other banking services to cryptocurrency-related companies or companies that accept cryptocurrencies for reasons that include regulatory requirements or ambiguities and perceived compliance risks or costs. This has caused some providers of cryptocurrency-related services to have difficulty finding financial institutions willing to provide accounts and services to them. Continuation of such difficulties in the future could decrease the viability and adoption of cryptocurrencies as a means of payment, harm public perception of cryptocurrencies, and/or could limit the viability and potential applications of cryptocurrencies. These events could materially and adversely affect the Company, its operations, and financial condition.

***We will be utilizing a number of third-party service providers in our offering of the HDL Tokens and any adverse impact suffered by a third-party service provider may have an adverse effect on HDL and/or the issuance of the HDL Tokens.***

HDL relies on and utilizes a number of third-party services providers in conducting the offering of the HDL Tokens, including tokenization, transfer, and escrow services. An adverse event or material changes in any third-party service provider's operations may have a material adverse effect on HDL and this offering of the HDL Tokens. You should carefully evaluate all information provided in this offering circular related to such third-party service providers.

***The funds contributed for the HDL Tokens are not insured by the FDIC or SIPC.***

The funds contributed for the HDL Tokens are not insured by any government or private insurer, except to the extent portions may be deposited in bank accounts insured by the Federal Deposit Insurance Corporation ("***FDIC***") or with brokers insured by the Securities Investor Protection Corporation ("***SIPC***") and such deposits and securities are subject to such insurance coverage. Additionally, HDL and, usually, the custodians, wallets, and exchanges that HDL uses, are not banking institutions, broker-dealers, or otherwise members of the FDIC, SIPC, or any similar insurance arrangement. Therefore, funds contributed for the HDL Tokens are not subject to the protections enjoyed by depositors with FDIC insurance coverage or by broker-dealer customers that benefit from SIPC insurance coverage.

**Risks Related to Blockchain Technology**

***The Polygon Blockchain the HDL Tokens rely upon, the Ethereum Blockchain that Polygon Blockchain is built upon, and the HDL Tokens themselves may be the target of malicious cyberattacks or may contain exploitable flaws in their underlying code, which may result in security breaches and the loss or theft of the HDL Tokens. If these attacks occur or security is compromised, this could expose us to liability and reputational harm and could seriously curtail the utilization of the HDL Tokens and cause a decline in the market price of the HDL Tokens.***

The structural foundations of the Ethereum Blockchain, Polygon Blockchain, HDL Tokens, and the software applications and other interfaces we anticipate using to develop our immersive art experiences, are nascent technology and unproven, and there can be no assurances that the blockchain and the creation, transfer or storage of the HDL Tokens will be uninterrupted or fully secure, which may result in impermissible transfers of HDL Tokens, a complete loss of users' HDL Tokens or an unwillingness of users to access, adopt and utilize HDL Tokens and/or the Ethereum or Polygon Blockchain. Moreover, the HDL Tokens, the Ethereum Blockchain, and the Polygon Blockchain (and any technology, including blockchain technology, on which they rely) may also be the target of malicious attacks seeking to identify and exploit weaknesses in the software, the HDL Tokens or the blockchain network, which may result in the loss or theft of the HDL Tokens.

These attacks may include but may not be limited to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· "51% attacks"
 is an attack that occurs when an attacker controls a majority of the mining power for a particular
 blockchain. Miners that successfully obtain this mining power—either individually or
 as part of a "mining pool" or group of miners—may prevent other miners
 from completing blocks, theoretically allowing themselves to monopolize the mining of new
 blocks and mining the rewards; they can block other users' transactions; or they can
 make it appear as though they still have tokens that have been spent, which is known as a
 "double-spend attack." Successful 51% attacks have been launched against other
 blockchains, and it has been reported that the mining pool ghash.io briefly exceeded 51%
 of the mining power on the Bitcoin network (our current underlying blockchain), although
 not as part of an attack. A 51% attack may also allow an attacker to use its monopoly over
 new blocks to "censor" other users' transactions by actively preventing
 them from being written to the blockchain. Because the leader election mining process used
 in the Ethereum and Polygon Blockchains distributes mining rewards to all participants and
 not just the leader, and the process for selecting the distributor mining rewards leader
 has a randomness element to it based on crypto-assets, 51% attacks may be less applicable
 to the Ethereum or Polygon Blockchains.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A "finney attack" is an attack that occurs when an attacker enters into a transaction but
does not announce it to the network. In this case, a miner can double-spend tokens by transferring them to another user (for example,
a merchant website); and then create a new block with a double-spend of those same tokens; for the attack to be successful, this block
must be released so that it is added to the blockchain before the target user's transaction. Once the block the attacker mines is
accepted, the legitimate transaction will not be accepted and the honest user will not receive the tokens, thereby being out of a payment.
Typically, developers and users who accept "quick transactions" (transactions that are accepted before the counterparty can
confirm that the transaction has been written to the correct version of the blockchain) when accepting payment on the network are vulnerable
to this type of attack. These attacks can be avoided by requiring that several additional network operations be written to the blockchain
following any given transaction before considering that transaction complete; developers may be incentivized not to do so, however, to
allow for quicker processing of network operations on their application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A "Sybil attack"
 problem, which refers to a situation where a single unique user masquerades as multiple independent
 network nodes or users. This type of attack is difficult to defend against, even in theory,
 and may be used to game systems where distributions of rewards or allocation of votes are
 designed to be based on unique user identities as opposed to ownership of network nodes.
 Malicious users who are able to pretend to be different users controlling many online accounts
 can subvert the system to receive HDL Tokens as rewards. As a result, users and developers
 could be discouraged from participating in our network, and demand for, and the value of,
 your HDL Tokens could be reduced

***HDL may hold significant amounts of Bitcoin, Ether***, ***and other crypto-assets,*** during ***and*** after the time a subscription is received and the time it is accepted and the securities are delivered, of which ***security breaches, computer malware and other computer hacking attacks could result in a loss of our crypto-assets with no adequate source of recovery.***

Security breaches, computer malware and other computer hacking attacks have been a prevalent concern in the trading of crypto assets on cryptocurrency exchanges. On July 16, 2018, the Wall Street Journal featured an article about the hacking of cryptocurrency exchanges and cited a report stating that since 2011, there have been "56 cyber-attacks directed at cryptocurrency exchanges, initial coin offerings, and other digital-currency platforms'' causing losses of $1.63 billion. Any security breach or other data security incident caused by hacking, which involves efforts to gain unauthorized access to information or systems, or to cause intentional malfunctions or loss or corruption of data, software, hardware or other computer equipment, the inadvertent transmission of computer viruses or other malware, other forms of malicious attacks, or via other means, including phishing attacks and other forms of social engineering, or malfeasance or negligent acts of our personnel, could result in loss of our bitcoins and other crypto-assets.

HDL may hold significant amounts of Bitcoin and Ether during and after the time a subscription is received and the time it is accepted and the securities are delivered. HDL takes significant steps to secure these private keys and to prevent them from being destroyed or stolen. For example, HDL's cryptocurrency holdings will be held in cold storage with a multi-signature private key set up. Any transfer of cryptocurrency requires the use of at least two private keys that are separately controlled and secured by executive officers or directors of HDL. HDL has policies and procedures in place in case of death or disability on the part of one or more of these executive officers and directors that vest control of the private keys in HDL's officers and directors, including the safekeeping of a backup private key. Nevertheless, HDL's security system may not be impenetrable and may not be free from defects or immune to acts of God. If HDL's crypto assets are lost, stolen, or destroyed under circumstances rendering a party liable to us, the party responsible may not have the financial resources to satisfy our claim. For example, as to a particular event of loss, the only source of recovery for us might be limited, to the extent identifiable, to other responsible third parties (e.g., a thief or terrorist), any of which may not have the financial resources, including liability insurance coverage, to satisfy a valid claim of ours. And in the event that HDL loses one of more of its private keys, one or more of those private keys are somehow destroyed, or one or more of its private keys are somehow stolen or disclosed to another party, HDL could lose access to its cryptocurrency holdings, or its cryptocurrency holdings could be stolen.

**The HDL Tokens are vulnerable to risks, both foreseen and unforeseen, arising from the new and untested nature of cryptocurrency and blockchain technology.**

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Blockchain technology used in cryptocurrencies, which is sometimes referred to as "distributed ledger technology," is a relatively new, untested and evolving technology that in fact represents a novel combination of several concepts, which may be present or absent in varying degrees across differing cryptocurrencies—a publicly available database or ledger that represents the total ownership of the currency at any one time, novel methods of authenticating transactions using cryptography across distributed network nodes that permit decentralization by eliminating the need for a central clearinghouse while guaranteeing that transactions are irreversible and consistent, differing methods of incentivizing this authentication by the use of blocks of new tokens issued as rewards for the mining of each new block or transaction fees paid by participants in a transaction to miners, and, in some cases, hard limits on the aggregate amount of currency that may be issued.

Accordingly, the further development and future viability of cryptocurrency, digital assets, crypto assets in general or specific cryptocurrencies, such as the HDL Tokens, in particular is generally uncertain, and practical and ideological challenges, both known and unknown, may prevent it and their wider adoption. Examples of these challenges include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Scalability is a challenge for blockchains, because addition of records to a blockchain requires the network
to achieve consensus through a mining mechanism, which often involves redundant and extensive computation, processing of transactions
is slower than that achieved by a central clearinghouse, and delays and bottlenecks in the clearance of transactions may result as the
cryptocurrency expands to a greater number of users.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· To the extent incentive payments are used to incentivize the mining of a transaction or record to a blockchain,
these fees may spike during times of high transaction volume. Because the tokens are being treated as securities, these incentive payments
could also potentially raise regulatory issues related to whether the recipient of the fees is required to register as a broker-dealer
under the Securities and Exchange Act of 1934, as amended, which we refer to in this offering circular as the "Exchange Act."
We believe that these rewards do not warrant a miner registering as a broker-dealer; however, there is no guarantee that regulatory agencies
will agree with our position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Generally, blocks cannot be removed from the blockchain, but during the mining process, competing forks
of the blockchain may arise with respect to the last few blocks on the blockchain. As a result, a block is often not considered to be
irreversibly included in the blockchain until several additional blocks have been added to it and occasionally blocks with a handful of
confirmations can be dropped and modified. Applications built on top of a blockchain that do not wait a sufficient period before treating
the blockchain as permanently written may lose assets and funds in exchange for blockchain payments that are never completed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Because the blockchain is public without any gatekeepers, malicious users cannot be banned from the network.
These users may drive out honest users through repeated attacks or by malicious behavior on applications that permit user-to- user interaction.
We have contracted Securitize to mitigate this risk.

These challenges apply both to the HDL Tokens and the Ethereum and Polygon Blockchain. Although there are currently solutions that have been proposed and implemented to these and other challenges facing various cryptocurrencies, the effectiveness of these solutions has not generally been proven. Other challenges may arise in the future.

Moreover, advances in cryptography and/or technical advances, such as the development of quantum computing, could present risks to the HDL Tokens by undermining or vitiating the cryptographic consensus mechanism that underpins the blockchain protocols. Similarly, legislatures and regulatory agencies could prohibit the use of current and/or future cryptographic protocols which could limit the utility of the HDL Tokens, resulting in a significant loss of value or the termination of the HDL Tokens.

**The further development and acceptance of blockchain networks, which are part of a new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of blockchain networks and blockchain assets would have an adverse material effect on the successful development and adoption of the HDL Tokens.**

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The growth of the blockchain industry in general, as well as the blockchain networks on which the HDL Tokens will rely, is subject to a high degree of uncertainty. The factors affecting the further development of the cryptocurrency and crypto security industry, as well as blockchain networks, include, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· worldwide growth in the adoption and use of digital assets and other blockchain technologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· government and quasi-government regulation of digital assets and their use, or restrictions on or regulation
of access to and operation of blockchain networks or similar systems;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the maintenance and development of the open-source software protocol of blockchain networks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in consumer demographics and public tastes and preferences;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the availability and popularity of other forms or methods of buying and selling goods and services, or
trading assets including new means of using government-backed currencies or existing networks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the extent to which current purchaser interest in cryptocurrencies represents a speculative "bubble;"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· general economic conditions in the United States and the world;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the regulatory environment relating to cryptocurrencies and blockchains; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a decline in the popularity or acceptance of cryptocurrencies or other blockchain-based tokens.

The digital assets industries as a whole have been characterized by rapid changes and innovations and are constantly evolving. Although they have experienced significant growth in recent years, the slowing or stopping of the development, general acceptance and adoption and usage of blockchain networks and blockchain assets may deter or delay the acceptance and adoption of the HDL Tokens and, as a result, adversely affect the value of the HDL Tokens.

**The prices of digital assets are extremely volatile. Fluctuations in the price of digital assets could adversely affect our business, and the HDL Tokens may also be subject to significant price volatility.**

 ****

The prices of cryptocurrencies, such as Bitcoin and Ether, each of which has significantly increased in value over the last twelve months, and other digital assets have historically been subject to dramatic fluctuations and are highly volatile, and the market price of the HDL Tokens may also be highly volatile. Several factors may influence the market price of the HDL Tokens, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· purchasers' expectations with respect to the rate of inflation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in the software, software requirements or hardware requirements
underlying the HDL Tokens ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in the rights, obligations, incentives, or rewards for the various holders of the HDL Tokens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· interest rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· currency exchange rates, including the rates at which digital assets may be exchanged for fiat currencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· government-backed currency withdrawal and deposit policies of digital asset exchanges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· interruptions in service from or failures of major digital asset and security token exchange on which
digital assets and security tokens are traded;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· investment and trading activities of large purchasers, including private and registered funds, that may
directly or indirectly invest in securities tokens or other digital assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· coordinated algorithmic behavior, including trading, by a large pool of token holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· monetary policies of governments, trade restrictions, currency devaluations and revaluations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· developments or disputes concerning HDL's intellectual property rights or HDL's technology,
or third-party proprietary rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· regulatory measures, if any, that affect the use of digital assets and crypto tokens such as the HDL Tokens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· global or regional political, economic, or financial events and situations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· expectations among participants that the value of digital assets will soon change.

In addition, the value of the HDL Tokens may be derived from the continued willingness of market participants to exchange fiat and other currency for the HDL Tokens, which may result in the potential for permanent and total loss of value of the HDL Tokens should the market for them disappear. As a result, investors should only make an investment in the HDL Tokens if they are prepared to lose the entirety of their investment.

**Risks Related to the Deployment on the Ethereum and Polygon Blockchain**

***We currently rely on the continued viability of the Ethereum and Polygon blockchain, which is the blockchain where all HDL Token and NFT transactions are recorded.***

 ****

Because the assets associated with this offering rely on the blockchain records on Ethereum and Polygon, it is partially dependent on that blockchain's effectiveness and success. There is no guarantee that Ethereum or Polygon will continue to exist or be successful, in which case HDL would need to modify the HDL Token to adapt to a new way of representing ownership. This could lead to disruptions of the network and could negatively affect the HDL Tokens, their functionality, and their value.

**Misconduct and errors by our employees and third-party service providers, or by users and developers of the HDL Token, could harm the HDL Token value and reputation.**

 ****

We and our affiliates are exposed to many types of operational risk, including the risk of misconduct and errors by our employees, former employees, and other third-party service providers, or by HDL Token purchasers. It is not always possible to identify and deter misconduct or errors by employees or third-party service providers; the precautions we take to detect and prevent this activity, such as encryption of user data, may not be effective in controlling unknown or unmanaged risks or losses.

**As a holder of the HDL Tokens, you will be responsible for securing and maintaining your private keys and otherwise following cybersecurity best practices. Failure to do so may result in the loss of all your HDL Tokens**

 ****

HDL Token balances are associated in your wallet with your public key, which in turn is associated with your private key. You are responsible for knowing your private key and keeping it a secret. Because a private key, or a combination of private keys, is necessary to control and use HDL Tokens stored in your digital wallet or vault, the loss of one or more of your private keys associated with your digital wallet or vault storing the HDL Tokens will result in the loss of your HDL Tokens. HDL will never ask you for your private key, and you should never share any of your private keys with anyone.

You are responsible for educating yourself on the best practices for securely keeping private keys, protecting your personally identifiable information and on cybersecurity best practices. While we take steps to prevent or mitigate the impact of cyber-attacks, there can be no guarantee that we will be successful in preventing all cyber-attacks. Holders of crypto assets can be targeted by hackers in many ways, most of which are out of our control. Holders' private keys can also be stolen. Any third party that gains access to one or more of your private keys, including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your HDL Tokens. We will publish guidelines on best practices for keeping private keys secure, but HDL has no control over this type of attack and cannot directly stop hackers from stealing private keys of users. HDL will further accept no liability and will not reimburse you for any theft of private keys or any malfunction of wallet software. As a result, any loss of your HDL Tokens due to such theft or malfunction or unauthorized use of any of your private keys may be final and result in the complete loss of your investment.

**It may be difficult and costly to protect the intellectual property rights of HDL, and HDL may not be able to ensure their protection.**

 ****

HDL primarily relies on copyright, trade secret and trademark laws, trade secret protection, and confidentiality or license agreements with its employees, users, and others to protect its intellectual property rights. However, the steps it takes to protect its intellectual property rights may be inadequate. HDL currently does not have any issued patents. Even if a patent is issued, the body of patent law relating to patent protection of software-based products and methods has fluctuated significantly in the recent years, and there are no guarantees that the issued patent will be enforceable or valid for the remaining term of the patent.

In order to protect its intellectual property rights, HDL may be required to spend significant resources to monitor and protect these rights. Litigation brought to protect and enforce its intellectual property rights could be costly and time-consuming and can result in the impairment or loss of portions of its intellectual property. Furthermore, its efforts to enforce intellectual property rights may be met with defenses, counterclaims, and countersuits attacking the validity and enforceability of its intellectual property rights. HDL's failure to secure, protect, and enforce its intellectual property rights could seriously harm its brand and adversely affect its business.

**Negative publicity could adversely affect the value of the HDL Tokens.**

 ****

Negative publicity about HDL or about the cryptocurrency industry in general, including the quality, security and reliability of the HDL Tokens, the Ethereum or Polygon Blockchain technology, and the quality, security and reliability of similar technologies employed by other cryptocurrencies, could adversely affect the network's reputation and the confidence in, and participation in the Company's immersive art experiences, which could in turn harm the value of your investment in the HDL Tokens. This may be true even if such publicity is inaccurate. Such publicity could also relate to HDL's ability to effectively manage and resolve complaints from users, privacy, security or data protection practices, litigation, regulatory activity, and the experience of users with the HDL immersive art or services and other crypto assets. Harm to the network's reputation could arise from many sources, including employee misconduct, misconduct by HDL's partners, outsourced service providers or other counterparties, failure by HDL or its partners to meet minimum standards of service and quality, inadequate protection of user data and compliance failures and claims.

Misinformation about HDL's team members can spread on social media websites like Twitter or Facebook, or on public forums. Accounts owned by HDL or HDL's employees might be hacked to potentially spread misinformation. While HDL plans to take precautionary steps and attempt to address cases of misinformation, there is no guarantee that HDL will be successful in these efforts. Misinformation or negative publicity can negatively impact the price of the HDL Tokens.

**Risks Related to HDL**

***HDL and its affiliates have a limited operating history, which makes it hard to evaluate our ability to develop using the Ethereum and Polygon Blockchain.***

 ****

HDL was formed in 2021 to develop, sponsor and commercialize an immersive art experience using blockchain technologies to represent ownership and art. While the team members and founders of HDL have prior history in the art experience industry, the HDL Tokens offered represent a new form of ownership in the Company, and therefore is untested. HDL's limited operating history may make it difficult to evaluate its current business and future prospects. HDL has encountered, and will continue to encounter, risks and difficulties frequently experienced by growing companies in rapidly developing and changing industries, including challenges in forecasting accurately, determining appropriate allocation of its limited resources, gaining market acceptance, managing a complex regulatory landscape, and developing new products. HDL's current operating model may require changes in order for them to scale its operations efficiently. Investors should consider HDL's business and prospects in light of the risks and difficulties it faces as an early-stage company focused on developing products, both organically and through strategic acquisitions, in the field of non-fungible tokens. As a result of its early-stage development, HDL has not yet generated revenue from any commercially available blockchain-based applications other than sales of HDL Tokens. Furthermore, HDL's current management has limited experience in growing a company or effectively managing a larger technology company.

**Our management will have broad discretion over the use of the net proceeds from this offering.**

 ****

At present, the net proceeds of the offering are expected to be used for hiring employees and consultants, continuing usage of the Ethereum Blockchain, organizing, and hosting physical and digital art experiences for holders of HDL Tokens and the general public. The failure by HDL's management to apply these funds effectively could have a material adverse effect on the value of the HDL Tokens.

**We rely on third parties to maintain and operate certain elements of our infrastructure.**

 ****

HDL utilizes Securitize, private third-party software developers, to facilitate the deployment of the HDL Tokens and the HDL NFTs. These third parties have no obligations to renew their agreements with HDL on commercially reasonable terms or at all, and certain of the agreements governing these relationships may be terminated by either party at any time, with limited notice. If any of our arrangements with third parties are terminated, users could experience interruptions, delays in the art exhibits and experiences offered to Token Holders and the general public. Further, third-party cloud providers can decide to shut down our accounts for various reasons with limited notice. As a result, demand felt by users could decrease or fail to materialize resulting in a material adverse impact on the value of your HDL Tokens.

***The popularity of cryptocurrencies and digital asset offerings may decrease in the future, which could have a material impact on the cryptocurrency and digital asset industry and our operations and financial conditions.***

HDL was founded to develop and commercialize non-fungible tokens based on the use of digital assets, digital tokens and blockchain technology. In recent years, cryptocurrencies and digital assets have become more widely accepted among purchasers and developers but have also faced increasingly complex legal and regulatory challenges and, to date, have not benefited from widespread adoption by governments, central banks or established financial institutions. Any significant decrease in the acceptance or popularity of cryptocurrency or digital asset offerings may have a material impact on HDL's operations and financial conditions, HDL's ability to develop the business, and therefore on the value of your HDL Tokens.

***A violation of privacy or data protection laws by HDL could have a material adverse effect on our company and the value of the HDL Tokens.***

HDL and certain of its advisors are subject to applicable privacy and data protection laws and regulations. Furthermore, we also anticipate that the network will attract buyers and sellers of shareable data. The laws and regulations relating to privacy and data protection are evolving, may impose inconsistent or conflicting standards among jurisdictions, can be subject to significant change and may result in ever-increasing regulatory and public scrutiny and escalating levels of enforcement and sanctions. For example, a new EU data protection regime, the General Data Protection Regulation ("***GDPR***") became effective on May 25, 2018, and, in addition to imposing stringent obligations relating to privacy, data protection, and information security, authorizes fines up to 4% of global annual revenue or €20 million, whichever is greater, for some types of violations. Further, in June 2018, California enacted the California Consumer Privacy Act ***("CCPA")*** that will, among other things, require covered companies to provide new disclosures to California consumers, and afford such consumers new abilities to opt-out of certain sales of personal information, when it goes into effect on January 1, 2020. The CCPA provides for civil penalties for violations, as well as a private right of action that may increase related litigation. The CCPA was amended in September 2018, and it is possible that it will be amended again before it goes into effect. We cannot yet predict the impact of the CCPA on our business or operations, but it may require us to modify our data processing practices and policies and to incur substantial costs and expenses in an effort to comply.

In addition to government regulation, privacy advocates and industry groups may propose self-regulatory standards from time to time. These and other industry standards may legally or contractually apply to us, or we may elect to comply with such standards or to facilitate compliance with such standards. HDL cannot control the conduct of users of the network, who may engage in businesses that make them subject to privacy and data protection laws, and as a result there can be no guarantee that users of the network will not engage in misconduct. We also expect that there will continue to be new proposed laws, regulations, and standards relating to privacy and data protection in various jurisdictions, and we cannot determine the impact such future laws, regulations and standards may have on our business. Future restrictions on the collection, use, sharing or disclosure of data, or associated requirements, could require us to incur additional costs or modify our platform, possibly in a material manner, which we may be unable to achieve in a commercially reasonable manner or at all, and which could limit our ability to develop new features. Because the interpretation and application of laws, standards, contractual obligations, and other obligations relating to privacy and data protection are uncertain, it is possible that these laws, standards, contractual obligations, and other obligations may be interpreted and applied in a manner that is inconsistent with our data management practices, our privacy, data protection, or data security policies or procedures, or the features of the business.

Any violations of laws and regulations relating to privacy, data protection, or the safeguarding of private information could subject our company or any users to fines, penalties or other regulatory actions, as well as to civil actions by affected parties. Any such violations could result in negative publicity and harm to our or our users' reputations. Any such violations also could adversely affect the ability of HDL to develop and successfully commercialize the HDL NFTs, which could have a material adverse effect on our operations and financial conditions and could also negatively impact the HDL Tokens and the HDL NFTs, both on a short-term and long-term basis. Additionally, privacy and personal information security concerns, whether valid or not valid, may inhibit market adoption of the HDL NFTs, particularly in certain industries and foreign countries.

***HDL will be subject to cyberattacks risks, security risks and risks of security breaches. The nature of its business may lead to an increased risk of fraud or cyberattack.***

HDL is subject to cyberattack risks, security risks and risks of security breaches. An attack on or a breach of security of HDL could result in a loss of private data, and unauthorized use or transfer of digital assets. Any attack or breach could adversely affect the development and commercialization of the HDL NFTs, which could have a material adverse effect on the value of your HDL Tokens.

Any actual or perceived cyberattack or other security incident may also damage HDL's reputation. Any breach of data security that exposes or compromises the security of any of the computers used by HDL employees or technology utilized by the HDL NFTs could adversely impact the reliability of the network or introduce computer code to our software repositories that was not written by HDL's engineers, which could cause the network to present security risks or otherwise to fail to function appropriately.

***HDL's operations involve several risks and hazards, including potential dangers to our employees and to third parties that are inherent in aspects of our business. If we do not adequately insure against these risks, unanticipated losses could adversely affect our financial condition and operating results.***

HDL's business includes the storage of large amounts of cryptocurrency that, if widely adopted, may be of significant value. It is possible that certain of HDL's employees, executives, co-founders, officers, or directors could be attacked or become the victims of extortion, which may result in physical injury or kidnappings. HDL could also encounter unexpected costs for reasons beyond HDL's control in connection with the handling of these situations for our employees, executives, co-founders, officers, or directors. Any of these types of accidents or other incidents could involve significant potential claims of employees, executives and/or third parties who are injured or who may have wrongful death or similar claims against HDL.

HDL maintains, or is in the process of securing, insurance against risk and potential liabilities related to our operations. We believe these levels of insurance coverage reasonably limit our likely exposure to unanticipated losses. However, our current and anticipated insurance coverage may not be adequate to cover claims or liabilities, and we could be forced to bear significant costs from an accident or incident. Substantial claims in excess of our related insurance coverage could cause our actual results to differ adversely from those anticipated. Due to future claims or liabilities, or to market conditions, our insurance premiums could increase.

***Our management team does not have experience successfully operating other businesses building a new internet infrastructure.***

The HDL Tokens and the network represent a new business venture for HDL's management team. Further, crypto assets, such as the HDL Tokens, and the network infrastructure represented by the HDL NFTs are a new and untested technology. While HDL's management team has some experience involving the use of blockchain technology, this experience does not guarantee future outcomes or the long-term success of the HDL Tokens and the HDL NFTs.

***HDL's business is subject to the risks of earthquakes, fire, power outages, floods, and other catastrophic events, and to interruption by man-made problems such as strikes and terrorism.***

A significant natural disaster, such as an earthquake, fire, power outage, flood or other catastrophic event, or interruptions by strikes, terrorism, or other man-made problems, could have a material adverse effect on our business, operating results, and financial condition. Despite any precautions we may take, the occurrence of a natural disaster or other unanticipated problems at our data centers could result in lengthy interruptions in our services. In addition, acts of strikes, terrorism and other geo-political unrest could cause disruptions in our business and lead to interruptions, delays, or loss of critical data. All of the aforementioned risks may be further increased if our disaster recovery plans prove to be inadequate.

HDL does not currently maintain business interruption insurance to compensate us for potentially significant losses, including potential harm to our business that may result from interruptions in our ability to provide our services. Any such significant natural disaster, such as an earthquake, fire, power outage, flood or other catastrophic event, or interruptions by strikes, terrorism, or other man-made problems, could have a material adverse effect on the development of the HDL NFTs.

***HDL may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.***

HDL intends to continue to make investments to support the growth of the HDL NFTs and may require additional funds to respond to business challenges, including the need to develop new services or products, improve its operating infrastructure or the infrastructure of the HDL NFTs or acquire complementary businesses and technologies. Accordingly, HDL may need to engage in equity, debt, or other types of financing to secure additional funds. Any financing HDL secures in the future could involve restrictive covenants relating to its capital raising activities and other financial and operational matters, which may make it more difficult for HDL to obtain additional capital and to pursue business opportunities, including potential acquisitions, or make the necessary capital investments to grow the HDL Tokens and HDL NFTs. If HDL is unable to obtain adequate financing or financing on terms satisfactory to HDL, when necessary, our ability to continue to support the HDL NFTs and business growth and to respond to business challenges could be impaired and its business may be harmed, which may have a material adverse effect on the growth of the network and therefore the value of your HDL Tokens.

**Our use of Form 1-A and our reliance on Regulation A for this offering may make it more difficult to raise capital as and when we need it, as compared to if we were conducting a traditional initial public offering on Form S-1.**

Because of the exemptions from various reporting requirements provided to us under Regulation A and because we are only permitted to raise up to $75,000,000 in any 12-month period under Regulation A (although we may raise capital in other ways, such as the prior Regulation D offering), the HDL Tokens may be less attractive to purchasers, and it may be difficult for us to raise additional capital as and when we need it. We are offering up to Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) HDL Tokens in this Offering. If we are unable to raise additional capital as and when we need it, the growth of the network and our financial condition and results of operations may be adversely affected, which may have a material adverse effect on the value of your HDL Tokens.

**From time-to-time HDL may evaluate and potentially consummate acquisitions, which could require significant management attention, disrupt our business, and adversely affect our financial results.**

 ****

HDL may evaluate and consider strategic transactions, combinations, acquisitions, or alliances to enhance its existing business or develop new products and services. These transactions could be material to its financial condition and ability to offer the same quality of art experiences and NFTs. If we do consummate a transaction, we may be unable to obtain the benefits or avoid the difficulties and risks of the transaction.

Any acquisition will involve risks commonly encountered in business relationships, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in assimilating and integrating the operations, personnel, systems, data, technologies, products,
and services of the acquired business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· inability of the acquired technologies, products, or businesses to achieve expected levels of revenue,
profitability, productivity, or other benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in retaining, training, motivating, and integrating key personnel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· diversion of management's time and resources from our normal daily operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in successfully incorporating licensed or acquired technology and rights into our platform;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in maintaining uniform standards, controls, procedures, and policies within the combined
organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in retaining relationships with customers, employees, and suppliers of the acquired business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· risks of entering markets in which we have no or limited direct prior experience;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· regulatory risks, including remaining in good standing with existing regulatory bodies or receiving any
necessary pre- closing or post-closing approvals, as well as being subject to new regulators with oversight over an acquired business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· assumption of contractual obligations that contain terms that are not beneficial to us, require us to
license or waive intellectual property rights or increase our risk for liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· failure to develop the acquired technology successfully further;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· liability for activities of the acquired business before the acquisition, including patent and trademark
infringement claims, violations of laws, commercial disputes, tax liabilities and other known and unknown liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· potential disruptions to our ongoing businesses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· unexpected costs and unknown risks and liabilities associated with the acquisition.

HDL may not make any acquisitions, or any future acquisitions may not be successful, may not benefit HDL's business strategy, may not generate sufficient revenue to offset the associated acquisition costs or may not otherwise result in the intended benefits.

**Expanding HDL's operations internationally could subject HDL to new challenges and risks.**

 ****

Although HDL currently only operates in the United States, HDL may seek to expand its business internationally. Managing any international expansion will require additional resources and controls. Any expansion internationally could subject HDL's business to risks associated with international operations, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· adjusting the pricing functions that HDL uses for name registration and other similar activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· conformity with applicable business customs, including translation into foreign languages and associated
expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· potential changes to HDL's established business model;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the need to support and integrate with local third-party service providers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· competition with service providers that have greater experience in the local markets than HDL does or
that have pre- existing relationships with potential users in those markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in staffing and managing foreign operations in an environment of diverse culture, laws and
customers, and the increased travel, infrastructure and legal and compliance costs associated with international operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with multiple, potentially conflicting and changing governmental laws and regulations, including
banking, securities, employment, tax, privacy and data protection laws and regulations, such as the EU Data Privacy Directive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with U.S. and foreign anti-bribery laws, including the Foreign Corrupt Practices Act and the
U.K. Anti- Bribery Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· difficulties in collecting payments in foreign currencies and associated foreign currency exposure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· restrictions on repatriation of earnings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with potentially conflicting and changing laws of taxing jurisdictions where HDL conducts business
and applicable U.S. tax laws as they relate to international operations, the complexity and adverse consequences of these tax laws and
potentially adverse tax consequences due to changes in these tax laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· regional economic and political conditions.

As a result of these risks, any potential future international expansion efforts that HDL may undertake may not be successful.

***The exclusive forum provision in HDL's Certificate of Incorporation may have the effect of limiting an investor's ability to bring legal action against the company and could limit an investor's ability to obtain a favorable judicial forum for disputes, except where US Federal law requires that certain claims be brought in US Federal courts.***

These provisions may have the effect of limiting the ability of Shareholders to bring a legal claim against us due to geographic limitations and may limit a Shareholder's ability to bring a claim in a judicial forum that it finds favorable for disputes with us. If a court were to find this exclusive forum provision inapplicable to, or unenforceable in respect of, an action or proceeding against us, then we may incur additional costs associated with resolving these matters in other jurisdictions, which could materially and adversely affect our business and financial condition.

**Risks Related to Regulation**

***The potential application of existing regulatory regimes governing blockchain technologies, cryptocurrencies, tokens, and token offerings such as the Tokens is not fully developed and so remains uncertain in many respects. New regulations or policies may materially adversely affect the utility of the Tokens.***

Regulations with respect to digital securities such as the HDL Tokens, cryptocurrencies, financial intermediaries such as spot cryptocurrency exchanges, and blockchain networks (such as the Polygon Network on which the HDL Token is intended to be issued), currently is relatively undeveloped and is likely to rapidly evolve. Such regulation may vary and may conflict among international, federal, state, and local jurisdictions and the potential applications of existing regulations remain subject to significant uncertainty in many respects. In addition, various legislative and executive bodies in the United States and other countries may in the future adopt new laws, regulations, guidance, or other actions (including applying existing laws and regulations in ways that are adverse), which may severely impact the ability to access marketplaces or exchanges on which to trade the HDL Tokens, and the structure, rights, value, and transferability of the HDL Tokens. In addition, failure by us to comply with any laws, rules, and regulations, some of which may not exist yet or are subject to interpretation and may be subject to change, could result in a variety of adverse consequences, including civil penalties and fines.

**SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This offering circular contains forward-looking statements that are based on management's beliefs and assumptions and on information currently available to management. Some of the statements in the sections of this offering circular contain forward-looking statements. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words.

These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this offering circular, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this offering circular include, but are not limited to, statements about:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the anticipated development and growth of the HDL business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our expectations regarding
 whether additional secondary trading markets outside of Securitize ATS may develop for the
 Class B Common Stock in the form of an exchange or alternative trading system or internal
 bulletin board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our expectations regarding regulatory developments and their effect on the blockchain technologies, cryptocurrencies,
digital assets, cryptocurrency exchanges, the Ethereum Blockchain, and the HDL Tokens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's future financial performance, including our expectations regarding HDL's operating and
research and development expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the impact of competition in HDL's industry and innovation by their competitors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the anticipated trends, growth rates and challenges in our business and in the cryptocurrency market;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's liquidity and working capital requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's ability to expand internationally;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's anticipated growth and growth strategies and our ability to effectively manage that growth
and effect these strategies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the reliability of the third-party infrastructure and the blockchains on which HDL depends;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's ability to hire and retain necessary qualified employees to expand its operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's ability to adequately protect our intellectual property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the effect on HDL of litigation to which we are or may become a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our ability to stay abreast of new or modified laws and regulations that currently apply or may become
applicable to our business both in the U.S. and internationally;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's ability to maintain an effective system of internal controls necessary to accurately report
our financial results and prevent fraud;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· HDL's use of the net proceeds from this offering and the previous Regulation D offering; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the estimates and estimate
 methodologies used in preparing HDL's financial statements.

In addition, you should refer to the section of this offering circular captioned "*Risk Factors*" for a discussion of other important factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements.

This Offering Circular contains market data that was obtained from industry publications. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified any third-party information. While we believe the market position, market opportunity and market size information included in this offering circular is generally reliable, such information is inherently imprecise.

**USE OF PROCEEDS**

We estimate that the net cash proceeds to us from the sale of the Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock, represented HDL Tokens in this Offering will be approximately $6,062,500, after deducting estimated offering expenses of $500,000 and assuming that the maximum proceeds of the Offering of $6,562,500 are received, which would require that all Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) HDL Tokens be sold in the offering.

The table below shows the estimated net proceeds we would receive from this offering assuming the sale of 25%, 50%, 75% and 100% of the maximum proceeds from the HDL Tokens we are offering in the cash offering. There is no guarantee that we will be successful in selling any of the HDL Tokens we are offering.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **25%** | **50%** | **75%** | **100%** |
| Gross Proceeds | $1640625 | $3281250 | $4921875 | $6562500 |
| Offering Expenses | $500000 | $500000 | $500000 | $500000 |
| Net Proceeds to the Company | $1140625 | $2781250 | $4421875 | $6062500 |

---

We intend to use the proceeds of this offering for general operations and cash reserves, including but not limited to payment of salaries (including those of directors and officers) and hiring employees and consultants, and payment of federal and state income taxes. At this time, HDL will only compensate the two directors of the Company.

We also intend to use the above proceeds to develop future lines of art based NFTs, unique artworks, art shows, exhibits, immersive experiences, digital ecosystems, and online environments (i.e., metaverses). The Company plans to allocate 30% of the net proceeds to operations and cash reserves, 45% to research and development and 25% to marketing and education.

We cannot specify with certainty all of the particular uses for the net proceeds to be received upon the closing of this Offering and the prior Regulation D offering. In addition, the amount, allocation, and timing of our actual expenditures will depend upon numerous factors. Pending other uses, we intend to invest the proceeds in interest-bearing, investment-grade instruments, certificates of deposit or direct or guaranteed obligations of the U.S. government or hold as cash or in cryptocurrency. We cannot predict whether the proceeds invested will yield a favorable return. Our management will have broad discretion in the application of net proceeds we receive from our offering and the previous Regulation D offering, and investors will be relying on the judgment of our management regarding the application of the net proceeds.

**HDL reserves the right to alter the Use of Proceeds in this Offering.**

**DIVIDEND POLICY**

We have never declared or paid cash dividends on our capital stock. We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any dividends on our capital stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements, general business conditions, and other factors that our board of directors may deem relevant.

**CAPITALIZATION**

The following table sets forth our cash and cash equivalents, as well as our capitalization, as of December 31, 2022, on an accrual basis:

---

| | |
|:---|:---|
|  | **Actual** |
| Cash and cash equivalents | $202986.49 |
| Stockholders' equity: |  |
| Class A Common Stock, par value $0.0001 per share: 400,000 |  |
| shares authorized; 400,000 shares issued and outstanding | $400.00 |
| Class B Common Stock, par value $0.0001 per share: 750,000 |  |
| shares authorized; 0 shares issued and outstanding | $0 |
| Additional paid-in capital | $500000.00 |
| Retained earnings | $18561.86 |
| Total stockholders' equity | $330792.74 |
| Total capitalization | $661818.66 |

---

The number of shares of our Class A Common Stock and our Class B Common Stock to be outstanding after this offering is completed is set forth in the table below:

Class A Common Stock 400,000 <br> Class B Common Stock represented by HDL Tokens 750,000

**MANAGEMENT'S DISCUSSION AND ANALYSIS**

**OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*You should read the following discussion and analysis of HDL's financial condition and results of operations together with the financial statements and related notes that are included elsewhere in this Offering Circular. This discussion contains forward-looking statements based upon current plans, expectations and beliefs that involve risks and uncertainties. HDL's actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Risk Factors," "Information Regarding Forward Looking Statements" and in other parts of this offering circular.*

**Overview**

We are an immersive concept art company developing, sponsoring, and commercializing open source-based art works and exhibitions using blockchain technologies, e.g., cryptographic tokens and NFTs, to create novel conceptual and performance art works. Thus far, HDL's vision and works have been manifested as TV commercials, public art installations, fleeting out-of-home projections, and augmented reality experiences. Fleeting out-of-home projections refers to a project where HDL will project video into steam vents in the city of Detroit, Michigan. Projecting video from video projectors into steam created the effect of holograms. More holograms may be made through other art performances and installations using this or other projection techniques.

The HDL artwork, exhibitions, and events can be accessed via ownership of HDL Tokens. For example, the Company intends on launching a series of physical immersive art exhibits, whereby HDL Token holders will be able to gain access physically and virtually via their proof of ownership of HDL Tokens.

The ultimate goal in creating HDL is to allow HDL Token holders and the general public to explore aspects of the human condition and contemporary society via immersive digital and physical art.

To date HDL's operations have been funded by an aggregate of $500,000 in private placements of shares of Class B Common Stock, represented by HDL Tokens. HDL expects to experience increasing operating losses for the foreseeable future. HDL expects its expenses will increase substantially in connection with these ongoing activities.

In the future, HDL may generate additional revenue through our sale of original works of art, collaborations with independent artists, hosting events, and building unique immersive experiences. HDL will be utilizing NFTs to sell and distribute various forms of original art and immersive experiences.

**Factors Affecting the Development of HDL's Business**

*Acceptance of Blockchain Technologies in General*

We also believe that HDL's ability to financially support the development of HSL current business plan will also depend on the general acceptance of cryptocurrency and blockchain technology. The blockchain technology used in cryptocurrencies, which is sometimes referred to as "distributed ledger technology," is a relatively new, untested and evolving technology, and although this industry has experienced significant growth in recent years, it is possible that this development and general acceptance and usage will slow or stop. In addition, regulation of blockchain technology and crypto assets like the HDL Tokens and NFTs involves uncertainty as to how existing law will apply; is likely to rapidly evolve as government agencies take greater interest; and varies significantly among international, federal, state and local jurisdictions. Lack of acceptance of cryptocurrency in general could generally adversely affect HDL's ability to finance the development of its business plan.

**Components of Results of Operations**

*Revenue*

HDL will primarily sell certain works of art and art based NFTs in order to finance HDL's activities, depending on market conditions.

HDL's additional revenue streams will come in the form of traditional art commissions, sales of artwork and entrance fees for exhibitions and events. Commissions can come in the form of temporary artwork, permanent artwork, performances, and events. These can come from many different sources from private collectors to museums, curators, businesses, foundations, non-profits, and government entities and community organizations.

In the case of a commissioned project, HDL will require a 50% deposit from the customer and if the customer were to cancel the order and HDL has expended effort or funds toward the creation of the commissioned project, then the deposit will not be returned. HDL also plans to create and host its own unique events, exhibitions, and immersive experiences in spaces both temporary and permanent, physical, and virtual. HDL intends to create artwork and will not purchase existing work to resell. Holders of certain artworks and NFTs created and sold by HDL will have unlimited access and additional benefits for art installations, exhibits, performances, and events put on by HDL. HDL may order or commission a specific piece of art for creation as an NFT or may also create a collection of NFTs to offer to shareholders first and then to the general public second.

*First Contact NFT* 

**Operating Expenses**

There is currently no GAAP guidance for NFT creators as to whether the costs associated with producing the NFTs should be capitalized or expensed, and if capitalized, whether to amortize. NFTs typically provide digital rights, not tangible property. Therefore, development costs would likely not be subject to the inventory guidance in ASC 330. Since NFTs are likely not tangible property accounted for as inventory, the development costs would most likely be costs associated with developing software.

HDL's software is akin to internally developed software used to produce the NFTs and it does not intend to sell the software or have customers take possession of the software. In this case, the software development cost for HDL NFTs is likely subject to ASC 350-40 resulting in the capitalization of costs incurred during the development cycle while post-implementation costs would be expensed as incurred, including the ancillary cost of producing the individual NFTs. This would also be consistent with intangible assets costs not subject to inventory guidance as described above.

The internally developed software would likely have an estimated indefinite useful life consistent with the NFTs it's used to create which are otherwise digital assets considered an indefinite-lived intangible asset. The software is a smart contract(s) embedded on a smart-contract enabled blockchain which gives rise to the indefinite useful life. As a result, the capitalized cost of the software development would not be amortized. There is "no inherent limit imposed on the useful life of a crypto asset" and similarly there is no inherent limit imposed on the useful life of a smart contract.

HDL's operating expenses are classified as advertising and marketing expenses, development expenses, production materials, professional fees, subcontractors, and technology subscriptions, along with other overhead or miscellaneous expenses.

*Advertising and Marketing*

Advertising and Marketing expenses include marketing and business development related activities consisting primarily of advertising, corporate marketing, public relations, promotional items, events and conferences and fees paid for software applications used for advertising and marketing. We have traditionally focused on low-cost marketing channels and word-of-mouth advertising. However, more sophisticated marketing strategies are being explored to increase our outreach efforts. As such corresponding investments in advertising and marketing are expected to increase significantly and HDL expects its advertising and marketing expense to increase for the foreseeable future.

*Development Expenses*

Development expenses represent costs incurred by HDL for the development of the HDL Tokens, which include related salaries and costs, fees paid to consultants and outside service providers, and costs incurred in paying for registering digital assets. Future HDL artworks that will utilize blockchain technologies are still under development, and there are significant hurdles to overcome before critical components of the artwork are complete and the resulting artworks are ready for purchase. As a result, HDL expects its research and development expenses to increase over the next several years as it continues to increase the functionality and otherwise enhance the mission of HDL.

*Professional Fees*

Professional fees consist of fees and expenses paid for accounting, legal and other professional services.

**Results of Operations**

The following table sets forth selected statements of operations data for the year ended December 31, 2022:

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| | |
|:---|:---|
| Revenues: | $65055.80 |
| Operating expenses: |  |
| &nbsp;&nbsp;&nbsp;Advertising & Marketing | 95472.80 |
| &nbsp;&nbsp;&nbsp; Bank Fees & Service Charges | 1115.00 |
| &nbsp;&nbsp;&nbsp; Domains | 437.20 |
| &nbsp;&nbsp;&nbsp; Insurance | 325.00 |
| &nbsp;&nbsp;&nbsp; Interest Paid | 5.10 |
| &nbsp;&nbsp;&nbsp;Parking & Tolls | 113.00 |
| &nbsp;&nbsp;&nbsp;Production Materials | 15860.36 |
| &nbsp;&nbsp;&nbsp;Professional Fees | 104701.81 |
| &nbsp;&nbsp;&nbsp; Shipping & Postage | 68.76 |
| &nbsp;&nbsp;&nbsp;Subcontractors | 28740.81 |
| &nbsp;&nbsp;&nbsp;Tech Subscriptions | 2352.17 |
| &nbsp;&nbsp;&nbsp; Travel | 3463.87 |
| &nbsp;&nbsp;&nbsp; Telephone & Internet | 269.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 252924.92 |
| Net income (loss) | $-187869.12 |

---

**Internal Control over Financial Reporting**

During the periods covered by the financial statements, HDL was an early-stage private company and relied primarily upon external accounting and financial reporting personnel and other resources with which to address our internal controls and procedures.

**BUSINESS**

**Overview of Our Business**

Our mission is to create a new and original forms of art. HDL uses the legal framework and operational strategies of a corporation as conceptual and performance art. Leveraging the promotional strategies of modern corporations, HDL infuses culture and art into places traditionally meant for raising awareness about products and services, subverting expectations, and engaging the public in cultural events or performance art.

We believe the advent of blockchain technology and crypto assets unlock endless potential for individuals to prosper and for capitalism as we know it to be redefined. We believe that crypto assets should be easy to use and easy to understand. Crypto assets have the potential to profoundly change the way society does business, manages its wealth, and even looks at money itself—but unlocking these possibilities first requires that crypto assets be made accessible and engaging, without technical jargon or complexities obscuring the core features, benefits, and uses of crypto assets.

HDL's products and services will be primarily original works of art. With the funds raised, HDL will create original artwork sold in the ordinary course and partake in commissioned artwork requests from collectors and organizations. Original artworks will be created, sold, and may be authenticated via an NFT. HDL will have various revenue streams including sale of artwork, sale of entry fees to installations and art exhibitions, a percentage from the secondary sales of artworks that are minted via an NFT, and commissions from collectors or entities. Artworks may include traditional artworks, large scale sculptures, unique performances, immersive experiences, paintings, digital artworks, and larger public works. Exhibitions and immersive experiences may include renting office space in a US city and setting up installations and sculptures inside the space with video projections on the walls or interactive art (art that reacts or responds to a viewer). Commission might include creating a public sculpture for city or for a non-profit. All artworks that are minted via an NFT will sold through the HDL Corp. website, and secondary sales of such NFTs may occur on various NFT marketplaces authorized to do business in the US. Additionally, HDL will commission other artists to create artwork in collaboration with HDL.

**Corporate History**

We are a Delaware corporation incorporated in November 2021 for the purpose of creating new forms of art that lie at the intersection of traditional art of technological innovation.

**Our Industry**

The art industry is highly fragmented, with only a small number of large operators. We operate at the intersection of art and technology by leveraging blockchain innovations to create novel artworks and experiences. We collaborate with and empower creators, innovators, and entities familiar with blockchain innovations to help them create new forms of art and to connect with their communities in ways that have largely been inaccessible before the advent of blockchain innovations.

**Intellectual Property** 

Our success depends in part upon our ability to protect and use our core technology and intellectual property rights. We rely on a combination of copyrights, trademarks, trade secrets, know-how, contractual provisions, and confidentiality procedures to protect our intellectual property rights. In addition to the protection provided by our intellectual property rights, we enter into proprietary information and invention assignment agreements or similar agreements with our employees, consultants, and contractors.

**Legal and Regulatory Proceedings**

As of the date of this offering circular, we are not a party to any material legal or regulatory proceedings. In the normal course of business, we may be named as a party to various legal claims, actions and complaints. We cannot predict whether any resulting liability would have a material adverse effect on our financial position, results of operations or cash flows.

We may also pursue litigation to protect our legal rights and additional litigation may be necessary in the future to enforce our intellectual property and our contractual rights, to protect our confidential information or to determine the validity and scope of the proprietary rights of others.

**Regulatory Environment**

Various aspects of our business and service areas are subject to U.S. federal, state, and local regulation, as well as regulation outside the United States. Below is a summary of certain current areas of government regulation that apply to our business and potential regulatory issues of which we are aware. As discussed below, we generally believe that our business and the Offering discussed in this Offering Circular are compliant with these regulations, but in certain cases there may be uncertainty related to that conclusion. These descriptions are not exhaustive, and these laws, regulations and rules frequently change and are increasing in number.

**Securities Act Considerations**

***Exchange Act Considerations***

It is possible that our activities with respect to crypto assets would cause us to be viewed as a ''broker'' or ''dealer'' under federal or state law. Under the Exchange Act, a ''broker'' is a person engaged in the business of effecting transactions in securities for the account of others. The staff of the SEC has indicated that receiving commissions or other transaction-related compensation is one of the determinative factors in deciding whether a person is ''engaged in the business'' of being a ''broker,'' in part because this ''salesman's stake'' in a securities transaction incentivizes the recipient to encourage transactions that may or may not be appropriate for the parties involved. Because for certain crypto assets we receive a percentage of the amount of crypto assets a customer exchanges through the Exchange Aggregator on our platform, if any of the crypto assets for which we receive such payment were deemed to be securities, we could be viewed as a broker based on our receipt of such compensation. More generally, our activities with respect to any crypto assets that are deemed securities could trigger the need for broker registration. We have engaged in a review process for the crypto assets available to be traded through the Exchange Aggregator on our platform, and based on that review process, we have created two separate fee structures for the exchanges connected to the Exchange Aggregator. We charge a monthly flat fee to exchanges on which U.S. persons trade tokens. For exchanges that do not deal with U.S. persons, or on which U.S. persons do not have the ability to trade tokens that could be considered securities, we may charge a percentage of assets exchanged. We may also charge exchanges on which U.S. persons trade tokens a percentage of assets exchanged for certain digital assets that we have determined are not securities. However, it is possible that the SEC or another regulator could disagree with our position. If that were to be the case, we may be required to change our compensation system or make other changes to our platform and business, which could have a negative effect on our financial position. We may also be required to register as a broker-dealer and comply with applicable regulations. Any of these developments could have a negative effect on our business, financial condition, and results of operations.

**Privacy, data protection and data security regulations**

We are subject to laws and regulations relating to privacy, data protection, and data security. These laws and regulations are evolving, may impose inconsistent or conflicting standards among jurisdictions, can be subject to significant change and may result in ever-increasing regulatory and public scrutiny and escalating levels of enforcement and sanctions. For example, in the European Union, the GDPR imposes stringent obligations relating to privacy, data protection, and data security, authorizes fines up to 4% of global annual revenue or €20 million, whichever is greater, for some types of violations. In the United Kingdom, a Data Protection Act that substantially implements the GDPR also became law in May 2018 and was further amended in 2019 to align it more closely with the GDPR. Further, on January 1, 2020, the California Consumer Privacy Act (''***CCPA***'') went into effect. The CCPA, among other things, requires covered companies to provide new disclosures to California consumers, and afford such consumers new abilities to opt-out of certain sales of personal information. The CCPA provides for civil penalties for violations, as well as a private right of action that may increase related litigation. Moreover, a new privacy law, the California Privacy Rights Act (''***CPRA***''), was recently passed during the November 3, 2020 election. The CPRA significantly modifies the CCPA, potentially requiring us to incur additional costs and expenses in an effort to comply with the new regulations before it begins enforcement in 2023. In addition, some countries are considering or have enacted legislation requiring local storage and processing of data that could increase the cost or complexity of operating our platform or providing services.

We also expect that there will continue to be new proposed laws, regulations and standards relating to privacy and data protection in various jurisdictions, and we cannot determine the impact such future laws, regulations, and standards, or new or differing interpretations or patterns of enforcement of laws, regulations, and standards, may have on our business. Aspects of the GDPR, CCPA, and other laws, regulations, standards, and other obligations relating to privacy, data protection, and data security remain uncertain, and complying with these laws, regulations, and obligations, as well as new laws, amendments to or re-interpretations of existing laws and regulations, industry standards, and contractual and other obligations, may require us to undertake additional obligations and incur additional costs, modify our data handling practices, and restrict our business operations. It also is possible that these laws, standards, contractual obligations, and other obligations may be interpreted and applied in a manner that is, or is alleged to be, inconsistent with our data management practices, our privacy, data protection, or data security policies or procedures. If so, in addition to the possibility of fines, lawsuits and other claims, we could be required to modify services, or make changes to our business activities and practices, which could adversely affect our business as a whole. We may be unable to make such changes and modifications in a commercially reasonable manner or at all, and our ability to develop new offerings and features, and to make uses of data, could be limited.

Any violations, or perceived violations, of laws, regulations, or contractual or other obligations relating to privacy, data protection, or data security could subject us to fines, penalties, and regulatory investigations and other actions, as well as to civil actions by affected parties. Any such actual or perceived violations could result in negative publicity and harm to our or our third-party API providers' reputations, as well as adversely affect our ability to expand our platform and its functionality and any associated services, which could have a material adverse effect on our operations and financial condition. Additionally, privacy, data protection, and data security concerns, whether valid or not valid, may inhibit market adoption and use of crypto assets, particularly in certain industries and foreign countries.

**Anti-money laundering, anti-bribery, sanctions, and counter-terrorist regulations**

We are subject to anti-money laundering laws and regulations, including certain sections of the USA PATRIOT Act. We are also subject to anti-corruption laws and regulations, including the U.S. Foreign Corrupt Practices Act (the ''***FCPA***'') and other laws, that prohibit the making or offering of improper payments to foreign government officials and political figures and includes anti-bribery provisions enforced by the Department of Justice and accounting provisions enforced by the SEC. The FCPA has a broad reach and requires maintenance of appropriate records and adequate internal controls to prevent and detect possible FCPA violations. Many other jurisdictions where we conduct business also have similar anti-corruption laws and regulations. We have policies and procedures designed to identify and address potentially impermissible transactions under such laws and regulations.

Our business activities are subject to various restrictions under U.S. export control and sanctions laws and regulations, including the U.S. Department of Commerce's Export Administration Regulations and various economic and trade sanctions administered by OFAC. The U.S. export control laws and U.S. economic sanctions laws include restrictions or prohibitions on the sale or supply of certain products and services to U.S. embargoed or sanctioned countries, governments, persons, and entities, and also require authorization for the export of certain encryption items. In addition, various countries regulate the import of certain software and technology, including through import permitting and licensing requirements and have enacted or could enact laws that could limit our ability to distribute our software in those countries.

Although we take precautions to prevent our software and services from being accessed or provided in violation of such laws, we may have previously allowed our software to be downloaded by individuals or entities potentially located in countries or territories subject to U.S. trade embargoes, in violation of U.S. sanctions laws. After learning of these potential violations, we initiated an internal review, took remedial action designed to prevent similar activity from occurring in the future, and submitted a voluntary self-disclosure regarding the apparent violations to OFAC. If we are found to be in violation of U.S. economic sanctions laws, it could result in fines and penalties. We may also be adversely affected through reputational harm. Further, the controls we have implemented may not be fully effective and there is no guarantee that we will not inadvertently provide software or services to sanctioned parties in the future. The voluntary self-disclosure is currently under review by OFAC.

**Employees**

As of February 28, 2022, we had the equivalent of approximately 2 full-time employees. The Company retains the responsibility for hiring, terminating, and managing its employees and operations. None of our employees are represented by a labor union or covered by a collective bargaining agreement. We have not experienced any work stoppages and we consider our relations with our employees to be good.

**Facilities**

We operate completely remotely and do not maintain a physical corporate headquarters. We may choose to procure physical space as we add employees and grow our organization. We believe that our remote working operations are adequate to meet our needs for the immediate future, and that, if necessary, suitable physical space will be available to accommodate any expansion of our operations.

**MANAGEMENT**

**Executive Officers and Directors**

Our executive officers and directors, and their ages and positions as of the date hereof are as set forth below:

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Age** | **Position** | **Term of Office** |
| Steve Coy |  | Co-CEO; Director | Co-CEO: Nov. 2021-Present<br>Director: Nov. 2021-Present |
| Dorota Coy |  | Co-CEO; Director | Co-CEO: Nov. 2021 – Present<br>Director: Nov. 2021 - Present |

---

**Executive Officers and Directors Bios**![](stevecoy.jpg)

**Steve Coy**

Steve Coy currently works as Associate Professor at Lawrence Technical University. He holds a BFA in Graphic Design from the University of Michigan and an MFA from the University of Hawaii. Coy is an artist and designer whose work spans many genres including installation art, conceptual art, speculative art, and public art. His most notable project Hygienic Dress League (HDL), a collaboration with his wife, is a conceptual art project that uses a corporation as a new and original form of art. The couple's public installations have been exhibited on numerous occasions in Detroit, MI, and they have appeared internationally in cities including Beijing, China; Berlin, Germany; Montreal, Canada; Madrid, Spain; and Vannes, France, among others. In 2017 their work was the subject of a solo exhibition at the Museo de Arte Contemporáneo in Bogota, Colombia. HDL has been featured in notable outlets including The New York Times, The New Yorker, Rolling Stone Magazine, The Economist, NYLON, CityLab, HuffPost, and Politiken.

![](dorotacoy.jpg)

**Dorota Coy**

Born in Lubin, Poland, Dorota Coy is a visual artist whose family migrated to the United States seeking better opportunities when she was 11. In 2002, Dorota received a B.A. from University of Vermont with a major in international relations. Photography, painting, and design were also a core part of her undergraduate studies. After graduation, she experienced diverse environments living in places such as Northern California, Philadelphia, and Hawaii. All of which affected her creative practice, inspiring work about fashion and American culture. In 2007, She moved to Detroit and co-founded hygienic dress league, a public art project, with husband and visual artist Steve Coy. This project has been featured in *USA Today, The Economist, Art Ruby, Bad at Sports, Russian Maxim, Juxtapoz, Metro Times, WDET, Detroit News,* and *Curbed Detroit.* Dorota is currently a producer at Team Detroit - a creative ad agency.

**Board Composition and Risk Oversight**

Our board of directors is currently composed of two members. The amended and restated certificate of incorporation and amended and restated bylaws to be in effect upon the completion of this Offering provide that the number of directors shall be fixed from time to time by resolution of the board of directors.

**Limitation of Liability and Indemnification**

Our amended and restated certificate of incorporation and amended and restated bylaws provide for the indemnification of our directors and officers to the fullest extent permitted under the General Corporation Law of the State of Delaware (''***DGCL***''). In addition, our amended and restated certificate of incorporation provides that our directors shall not be personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director to the fullest extent permitted by the DGCL and that if the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of our directors shall be eliminated or limited to the fullest extent permitted by the DGCL, as so amended.

As permitted by the DGCL, we expect to enter into separate indemnification agreements with each of our directors, officers and certain other employees that require us, among other things, to indemnify them against certain liabilities which may arise by reason of their status as directors, officers, or employees. We also expect to obtain and maintain insurance policies under which our directors and officers are insured, within the limits and subject to the limitations of those policies, against certain expenses in connection with the defense of, and certain liabilities that might be imposed as a result of, actions, suits, or proceedings to which they are parties by reason of being or having been directors or officers. The coverage provided by these policies may apply whether or not we would have the power to indemnify such a person against such liability under the provisions of the DGCL.

We believe that these provisions and agreements are necessary to attract and retain qualified persons as our officers and directors. At present, there is no pending litigation or proceeding involving our directors or officers for whom indemnification is required or permitted, and we are not aware of any threatened litigation or proceeding that may result in a claim for indemnification.

**EXECUTIVE COMPENSATION**

**Summary Compensation Table**

The following table summarizes the compensation of the three highest paid persons who were our executive officers and directors during the year ended December 31, 2022:

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| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name and Principal Position**  | **Year** | &nbsp;&nbsp;&nbsp;**Cash**<br> **Compensation** | &nbsp;&nbsp;&nbsp;&nbsp;**All Other**<br> **Compensation** | **Total** |
| *Steve Coy <br>Co-CEO and Director* | 2022 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 |
| *Dorota Coy <br>Co-CEO and Director* | 2022 | $150000 | $0 | $150000 |

---

**Employment Arrangements with our Named Executive Officers**

*Steve Coy*

Mr. Coy does not have an employment letter agreement. Mr. Coy's current annual base salary is $150,000 per year.

*Dorota Coy*

Mrs. Coy does not have an employment letter agreement. Mrs. Coy's current annual base salary is $150,000 per year.

**Director Compensation**

As of the date of this Offering Circular, our board of directors is composed entirely of members of our management team, and as a result none of our directors receive separate compensation for their service on the board of directors.

**Principal Stockholders**

The following table sets forth certain information with respect to the beneficial ownership of our common stock as of December 31, 2022, and as adjusted to reflect the sale of our common stock in this offering, for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· all executive officers and directors as a group, individually naming each director or executive officer
who beneficially owns more than 10% of our common stock or who is a selling stockholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· any other securityholder who beneficially owns more than 10% of our common stock; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the selling stockholders.

We have determined beneficial ownership in accordance with the rules of the SEC, and thus it represents sole or shared voting or investment power with respect to our common stock. Unless otherwise indicated below, to our knowledge, the persons and entities named in the table have sole voting and sole investment power with respect to all shares that they beneficially owned, subject to community property laws where applicable. The information does not necessarily indicate beneficial ownership for any other purpose, including for purposes of Sections 13(d) and 13(g) of the Securities Act.

Steve Coy 200,000 shares Class A Common Stock <br>Dorota Coy 200,000 shares Class A Common Stock

**DESCRIPTION OF THE SECURITIES BEING OFFERED**

We are offering up to Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock, which will be represented as HDL Tokens. The powers, preferences, and relative participating, optional or other special rights, and their qualifications, limitations and restrictions of the Class B Common Stock, which will be represented as HDL Tokens, are as follows:

***Voting*.** 

Except as otherwise provided by law, the holders of outstanding shares of Class B Common Stock, represented by HDL Tokens, shall not have any voting rights.

***Dividends*.** 

Holders of shares of Class B Common Stock, represented by HDL Tokens, shall be entitled to receive such dividends and distributions and other distributions in cash, stock or property of the Corporation when, as and if declared thereon by the Board from time to time out of assets or funds of the Corporation legally available therefor.

***Liquidation*.** 

Shares of Class B Common Stock, represented by HDL Tokens, shall be entitled to receive the assets and funds of the Corporation available for distribution in the event of any liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary. A liquidation, dissolution or winding up of the affairs of the Corporation shall not be deemed to be occasioned by or to include any consolidation or merger of the Corporation with or into any other person or a sale, lease, exchange or conveyance of all or a part of its assets.

***Preemptive Rights****.* 

 

Shares of Class B Common Stock, represented by HDL Tokens, shall not have any preemptive rights.

***Conversion Rights.***

 

Shares of Class B Common Stock, represented by HDL Tokens, shall not have any conversion rights.

***Redemption Rights.***

 

Shares of Class B Common Stock, represented by HDL Tokens, shall not have any redemption rights.

***Forum Selection.***

Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware (or, if the Court of Chancery does not have jurisdiction, the federal district court for the District of Delaware) shall, to the fullest extent permitted by law, be the sole and exclusive forum for (1) any derivative action or proceeding brought on behalf of the Corporation, (2) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Corporation to the Corporation or the Corporation's stockholders, (3) any action arising pursuant to any provision of the Delaware General Corporation Law or this Certificate of Incorporation or the Bylaws (as either may be amended from time to time), or (4) any action asserting a claim governed by the internal affairs doctrine. Unless the Corporation consents in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act of 1933 or the Securities Exchange Act of 1934, as amended. Any person or entity purchasing or otherwise acquiring or holding any interest in shares of capital stock of the Corporation shall be deemed to have notice of and consented to the provisions of this section*.* 

**CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS**

Set forth below is a discussion, in summary form, of certain United States federal income tax consequences relating to the acquisition, ownership and disposition of HDL Tokens ("***Tokens***") to U.S. holders and non-U.S. holders. This summary does not attempt to present all aspects of the United States federal income tax laws or any state, local or foreign laws that may affect an investment in Tokens. This summary is general in nature and should not be construed as tax advice to any prospective purchaser. No ruling has been or will be requested from the Internal Revenue Service (the "***IRS***") and no assurance can be given that the IRS will agree with the tax consequences described in this discussion.

This description is based on the U.S. Internal Revenue Code of 1986, as amended, (the "***Code***"), existing, proposed, and temporary U.S. Treasury Regulations and judicial and administrative interpretations thereof, in each case as available on the date hereof. All of the foregoing is subject to change, which change could apply retroactively and could affect the tax consequences described below.

Each prospective purchaser should consult with its own tax adviser in order to fully understand the United States federal, state, local and foreign income tax consequences of an investment in Tokens. No formal or legal tax advice is hereby given to any prospective purchaser.

Transactions involving Initial Coin Offerings ("***ICOs***") and Token transactions are relatively new and it is more than likely that the IRS will issue guidance, possibly with retroactive effect, impacting the taxation of participants in an ICO and purchasers of Tokens. Future tax guidance from the IRS (or guidance resulting from future judicial decisions) could negatively impact purchasers of Tokens.

This discussion is limited to U.S. federal income tax considerations to U.S. holders and non-U.S. holders that hold Tokens as "capital assets" within the meaning of Section 1221 of the Code (generally, property held for investment). This discussion does not address all aspects of U.S. federal income taxation that may be important to particular holders in light of their individual circumstances, including holders subject to special treatment under U.S. tax laws, such as, for example:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· banks, thrifts, mutual funds or other financial institutions,
underwriters, or insurance companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· traders in securities who elect to apply a mark-to-market method
of accounting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· real estate investment trusts and regulated investment companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· tax-exempt organizations, qualified retirement plans, individual
retirement accounts, or other tax-deferred accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· expatriates or former long-term residents of the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· partnerships or other pass-through entities (or arrangements
treated as such) or investors therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· dealers or traders in securities, commodities, or currencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· grantor trusts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· persons subject to the alternative minimum tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· U.S. persons whose "functional currency" is not the
U.S. dollar;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· persons who receive Tokens as compensation, or as an incentive,
reward, or grant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· persons who are subject to the accounting rules under Section
451(b) of the Code.

For the purposes of this discussion, the term "U.S. holder" means a beneficial owner of Tokens, that is, for U.S. federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· an individual who is a citizen or resident of the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a corporation (or other entity that is classified as a corporation for U.S. federal income tax purposes) that is created or organized in or under the laws of the United States, any State thereof or the District of Columbia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· an estate the income of which is subject to U.S. federal income tax regardless of its source; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a trust (i) if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions of the trust, or (ii) that has a valid election in effect under applicable Treasury Regulations to be treated as a U.S. person for U.S. federal income tax purposes.

For the purposes of this discussion, a "non-U.S. holder" means a beneficial owner of Tokens that is neither a U.S. holder nor a partnership (or an entity or arrangement treated as a partnership) for U.S. federal income tax purposes.

If a partnership, including for this purpose any entity or arrangement that is treated as a partnership for U.S. federal income tax purposes, holds Tokens, the U.S. federal income tax treatment of a partner in such partnership generally will depend on the status of the partner and the activities of the partnership. A holder that is a partnership and the partners in such partnership should consult their tax advisors with regard to the U.S. federal income tax consequences of the ownership and disposition of Tokens.

THIS DISCUSSION DOES NOT PURPORT TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE OWNERSHIP AND DISPOSITION OF TOKENS. HOLDERS SHOULD CONSULT WITH THEIR OWN TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE OWNERSHIP AND DISPOSITION OF TOKENS, INCLUDING THE APPLICABILITY AND EFFECTS OF U.S. FEDERAL, STATE, LOCAL, FOREIGN AND OTHER TAX LAWS.

**Tax Treatment of Token Sale**

The issuance of Tokens to a U.S. holder or non-U.S. holder will be treated, for U.S. federal income tax purposes, as a taxable sale of property by the Company to the holder. While a sale of property, such as Tokens, generally is not taxable to the purchaser for U.S. federal income tax purposes, a holder that uses Bitcoin or Ether as its form of payment for the Tokens may have taxable gain or loss to the extent the holder's adjusted tax basis in Bitcoin or Ether used to purchase the Tokens (expressed in U.S. dollars) is less than or greater than, respectively, the applicable exchange rate for Bitcoin or Ether (expressed in U.S. dollars) upon the acquisition of the Tokens. The holder should generally have a tax basis for U.S. federal income tax purposes in the Tokens it acquires from the Company equal to the amount of money such holder paid for the Tokens. The holder's holding period in the Tokens should begin on the day the Tokens are issued to the holder.

**Disposition of Tokens**

A U.S. holder who sells, exchanges, or otherwise disposes of the Tokens for cash or other property (including pursuant to an exchange of such Tokens for other convertible virtual currency) should, pursuant to Internal Revenue Service Notice 2014-21 (the "***Notice***"), recognize capital gain or loss in an amount equal to the difference between the fair market value of the property received in exchange for such Tokens and the holder's adjusted tax basis in the Tokens. This capital gain should be long-term if the holder has held its Tokens for more than one year prior to disposition. In addition, under the Notice, if the U.S. holder of Tokens utilizes such Tokens as form of currency with which to acquire assets or pay for services, then the holder should recognize gain or loss in an amount equal to the difference between the fair market value of such property or services received in exchange for such Tokens and the holder's adjusted tax basis in the Tokens.

**Net Investment Income Tax**

Certain U.S. holders that are individuals, estates or trusts may be subject to a 3.8% tax on all or a portion of their "net investment income," which may include all or a portion of their net gains from the disposition of Tokens. Each U.S. holder that is an individual, estate or trust is urged to consult its tax advisors regarding the applicability of the net investment income tax to its income and gains in respect of its investment in Tokens.

**Backup Withholding Tax and Information Reporting Requirements**

U.S. backup withholding tax and information reporting requirements generally apply to payments to non-corporate U.S. holders of Tokens. Information reporting will apply to proceeds from the disposition of Tokens by a paying agent within the United States or who is a U.S.-related financial intermediary to U.S. holders, other than U.S. holders that are exempt from information reporting and properly certify their exemption. A paying agent within the United States or who is a U.S.-related financial intermediary will be required to withhold at the applicable statutory rate, currently 24%, in respect of any proceeds from the disposition of Tokens within the United States to a U.S. holder (other than U.S. holders that are exempt from backup withholding and properly certify their exemption) if the holder fails to furnish its correct taxpayer identification number or otherwise fails to comply with applicable backup withholding requirements. U.S. holders who are required to establish their exempt status generally must provide a properly completed IRS Form W-9.

Information returns may be filed with the IRS in connection with, and non-U.S. holders may be subject to backup withholding on, amounts received in respect of their disposition of Tokens, unless the non-U.S. holder furnishes to the applicable withholding agent the required certification as to its non-U.S. status, such as by providing a valid IRS Form W-8BEN, IRS Form W-8BEN-E or IRS Form W-8ECI, as applicable, or the non-U.S. holder otherwise establishes an exemption. Proceeds from the sale or other disposition of Tokens received in the United States by a non-U.S. holder through certain U.S.-related financial intermediaries may be subject to information reporting and backup withholding unless such non-U.S. holder provides proof an applicable exemption or complies with certain certification procedures described above, and otherwise complies with the applicable requirements of the backup withholding rules.

Backup withholding is not an additional tax. Amounts withheld as backup withholding may be credited against a U.S. holder's U.S. federal income tax liability. A U.S. holder generally may obtain a refund of any amounts withheld under the backup withholding rules in excess of such holder's U.S. federal income tax liability by filing the appropriate claim for refund with the IRS in a timely manner and furnishing any required information.

**Foreign Account Tax Compliance Act (FATCA)**

The Foreign Account Tax Compliance Act, Treasury Regulations issued thereunder and official IRS guidance, collectively "FATCA," generally impose a U.S. federal withholding tax of 30% on dividends on, and the gross proceeds from a sale or other disposition of, Tokens paid to a "foreign financial institution" (as specially defined under these rules), unless otherwise provided by the Treasury Secretary or such institution enters into an agreement with the U.S. government to, among other things, withhold on certain payments and to collect and provide to the U.S. tax authorities substantial information regarding the U.S. account holders of such institution (which includes certain equity and debt holders of such institution, as well as certain account holders that are foreign entities with U.S. owners) or otherwise establishes an exemption. FATCA also generally imposes a U.S. federal withholding tax of 30% on dividends on and the gross proceeds from a sale or other disposition of Tokens paid to a "non-financial foreign entity" (as specially defined under these rules) unless otherwise provided by the Treasury Secretary or such entity provides the withholding agent with a certification identifying the substantial direct and indirect U.S. owners of the entity, certifies that it does not have any substantial U.S. owners, or otherwise establishes an exemption.

The withholding obligations under FATCA generally apply to dividends on Tokens (if any). The Treasury Secretary has issued proposed regulations providing that the withholding provisions under FATCA do not apply with respect to payment of gross proceeds from a sale or other disposition of Tokens, which may be relied upon by taxpayers until final regulations are issued. The withholding tax will apply regardless of whether the payment otherwise would be exempt from U.S. nonresident and backup withholding tax, including under the other exemptions described above. Under certain circumstances, a non-U.S. holder might be eligible for refunds or credits of such taxes. An intergovernmental agreement between the United States and an applicable foreign country may modify the requirements described in this section. Prospective investors should consult with their own tax advisors regarding the application of FATCA withholding to their investment in, and ownership and disposition of, Tokens.

**EACH PURCHASER SHOULD SEEK, AND MUST DEPEND UPON, THE ADVICE OF HIS OR HER TAX ADVISOR WITH RESPECT TO THEIR INVESTMENT IN TOKENS, AND EACH PURCHASER IS RESPONSIBLE FOR THE FEES OF SUCH ADVISOR. NOTHING IN THIS MEMORANDUM IS OR SHOULD BE CONSTRUED AS LEGAL OR TAX ADVICE TO A PURCHASER. PURCHASERS SHOULD BE AWARE THAT THE INTERNAL REVENUE SERVICE MAY NOT AGREE WITH ALL TAX POSITIONS TAKEN BY THE COMPANY AND THAT CHANGES TO THE INTERNAL REVENUE CODE OR THE REGULATIONS OR RULINGS THEREUNDER OR COURT DECISIONS AFTER THE DATE OF THIS OFFERING STATEMENT MAY CHANGE THE ANTICIPATED TAX TREATMENT TO A PURCHASER. THE COMPANY WILL NOT OBTAIN ANY RULING FROM THE INTERNAL REVENUE SERVICE WITH REGARD TO THE TAX CONSEQUENCES OF AN INVESTMENT IN TOKENS.**

**THE TAX TREATMENT OF TOKENS IS UNCERTAIN AND THERE MAY BE ADVERSE TAX CONSEQUENCES FOR PURCHASERS UPON CERTAIN FUTURE EVENTS. THE PURCHASE OF TOKENS MAY RESULT IN ADVERSE TAX CONSEQUENCES TO PURCHASERS, INCLUDING WITHHOLDING TAXES, INCOME TAXES AND TAX REPORTING REQUIREMENTS. EACH PURCHASER SHOULD CONSULT WITH AND MUST RELY UPON THE ADVICE OF ITS OWN PROFESSIONAL TAX ADVISORS WITH RESPECT TO THE UNITED STATES AND NON-U.S. TAX TREATMENT OF AN INVESTMENT IN TOKENS.**

**PLAN OF DISTRIBUTION**

**Securities being issued**

We are offering up to Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock, represented by HDL Tokens pursuant to this Offering Circular. The HDL Tokens being offered hereby will be primarily offered by associated persons of ours at https://www.hdlcorp.io/. The shares will be issued in book-entry form as reflected on the books of our Transfer Agent. Purchases or transfer of our HDL Tokens will be executed by our Transfer Agent. In conducting this offering, these persons intend to rely on the exemption from registration contained in Exchange Act Rule 3a4-1.

This Offering will close upon the earliest of (i) December 31, 2023, (ii) the date on which all Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock represented by HDL Tokens have been sold, (iii) the date which is one year after this offering is qualified by the SEC, or (iv) the date on which this offering is earlier terminated by the Company in its sole discretion.

The estimated Offering expenses payable by us are approximately $500,000.00 consisting of legal and accounting fees and printer costs.

HDL is not subject to the registration requirements of Section 304 of the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, because it does not offer and sell securities pursuant to Section 4(a)(6) of the Securities Act, and, therefore, does not meet the definition of a "funding portal."

This Offering Circular will be furnished to prospective investors upon their request via electronic PDF format and will be available for viewing and download 24 hours per day, 7 days per week on the HDL Corp.'s website at www.hdlcorp.io, as well as on the SEC's website at www.sec.gov.

**HDL Tokens**

Our HDL Tokens exist solely as book-entry shares within the records of the Transfer Agent. HDL Tokens will not have traditional share certificates. We intend that each share of our Class B Common Stock will be represented by a digital common token referred to as the HDL Token. HDL Tokens are only digital representations of our Class B Common Stock, contain no voting rights, and cannot be traded independently of the Class B Common Stock they represent. We recognize that the use of HDL Tokens as representations of our Class B Common Stock is novel, and therefore if we make HDL Tokens available, we reserve the right to discontinue the usage of HDL Tokens and revert to traditional or other methods of share certification. We may choose to discontinue the usage of HDL Tokens so as to permit our HDL Tokens to trade on a trading platform that is not currently equipped to handle digital tokens.

Should we choose to discontinue the usage of HDL Tokens, this decision would have no effect on the ability of holders of our HDL Tokens to trade their HDL Tokens on an ATS or through other means. We would notify holders of our HDL Tokens of any decision to make HDL Tokens available or discontinue their use by (1) posting a notice on the HDL website (https://www.hdlcorp.io/), (2) delivering a notice to each holder by electronic mail and (3) filing with the SEC a Current Report Pursuant to Regulation A on Form 1-U. If we make HDL Tokens available, the ownership and transfer of shares of our HDL Tokens will be recorded in book-entry form by the Transfer Agent and, the transfer of HDL Tokens will be recorded by the Transfer Agent on the relevant blockchain.

**Although records of secondary transfers of HDL Tokens between stockholders, which we refer to as ''peer-to-peer'' transactions, would be viewable on a blockchain network, record and beneficial ownership of our HDL Tokens is reflected solely on the book-entry records of the Transfer Agent. The Transfer Agent is regulated by the SEC and the Transfer Agent's records constitute the only official shareholder records for our HDL Tokens and govern the record ownership of our HDL Tokens in all circumstances.**

If HDL makes HDL Tokens available, the process will occur as follows: The Transfer Agent maintains a record of all holders of HDL Tokens who also possess cryptocurrency wallet addresses. The Transfer Agent will automatically provide each wallet address associated with a holder of HDL Tokens with one HDL Token per share of Class B Common Stock purchased by such holder. The holder of HDL Tokens can choose to either leave the HDL Tokens in the wallet, or the holder can contact the Transfer Agent and request that the Transfer Agent remove the HDL Tokens from the wallet. If the Transfer Agent removes the HDL Tokens, the Transfer Agent will burn them. Holders of HDL Tokens who do not possess a cryptocurrency wallet address will not receive HDL Tokens.

***In the event of the Company's liquidation, dissolution or winding up, holders of the Company's Class B Common Stock, represented by HDL Tokens, are entitled to share ratably in all assets remaining, if any, after payment of liabilities. Holders of the Company's Class B Common Stock, represented by HDL Tokens, have no preemptive or other subscription rights, and there are no conversion rights or redemption or sinking fund provisions with respect to such Class B Common Stock, represented by HDL Tokens.***

 

HDL Tokens are ''Securitize DS Protocol'' digital tokens that are transferable between approved accounts in peer-to-peer transactions on a blockchain network. HDL Tokens are created, held, distributed, maintained, and deleted by the Transfer Agent, and not by HDL and cannot be created or deleted by any entity other than the Transfer Agent.

The Transfer Agent uses the Securitize DS Standard (which can interface with various blockchain networks' programming standards) to program any relevant compliance-related transfer restrictions that would traditionally have been printed on a paper stock certificate onto ''smart contracts'' (computer programs written to the relevant blockchain), which allows the smart contract to impose the relevant conditions on the transfer of the HDL Tokens. One example of such coding is a restriction on to whom HDL Tokens may be transferred. The restrictions are coded as a smart contract that overlays the HDL Tokens, and the restrictions act in the same way as transfer restrictions printed on a stock certificate do, in that they prevent the unauthorized transfer of shares. Relevant transfer restrictions will be provided to the Transfer Agent by the Company.

**How to purchase shares of our HDL Tokens in this Offering**

*Creation of an account*

In order to purchase shares of our HDL Tokens, a new potential purchaser must first create an account on the website of our Transfer Agent. There is no charge for setting up this account and any person or entity that establishes an account is under no obligation to participate in the Offering. Setting up an account can be done directly on the website of the Transfer Agent, or it can be done through a link to the Transfer Agent's website from within the HDL website. Once the potential purchaser has set up the HDL website and created an account to the Transfer Agent's website that appears within the HDL website. The link will open up the potential purchaser's web browser and take the potential purchaser to the website of the Transfer Agent.

***All information provided by a potential purchaser to the Transfer Agent is provided by the potential purchaser directly to the Transfer Agent, not to HDL, and held solely by the Transfer Agent and not by HDL. The Transfer Agent will maintain the identity of each record holder of our HDL Tokens.***

On the Transfer Agent's website, a potential purchaser must complete required anti-money laundering and know-your-customer processes (the ''***Processes***''). As part of the Processes, the Transfer Agent will request that potential purchasers provide verification of their identity and address of residence. Once a potential purchaser has completed the Processes and been approved to be eligible to purchase HDL Tokens, the potential purchaser's identity will be added to the Transfer Agent's ''whitelist.'' The whitelist is a list maintained by the Transfer Agent of approved persons or entities who have complied the required Processes, including providing the Transfer Agent with various required personal information and documentation. HDL Tokens may only be sold or transferred to people or entities on the whitelist. It is possible that in the future the Company may either choose to hire a separate, third-party provider of the Processes or this task may be performed by a broker affiliated with an ATS on which the Company's Class B Common Stock, represented by HDL Tokens will trade. In either case, such external providers would perform the Processes and provide the results to the Transfer Agent, who would then add the approved persons and entities to the whitelist.

Once a potential purchaser has completed the Processes and been added to the whitelist, the potential purchaser will be shown a link that returns the potential purchaser to the HDL website. On the HDL website, a potential purchaser will be asked to certify that they are either an accredited investor within the meaning of Regulation D under the Securities Act, or that their investment in HDL Tokens does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). In addition, the potential purchaser will be provided with all necessary documentation that must be supplied to a potential purchaser in order for the potential purchaser to take part in this Offering. Such documentation will include relevant investor disclosure such as the Offering Circular. The potential purchaser will then be able to review and sign the relevant documents, such as subscription agreements and investor disclosures and confirm their purchase of the HDL Tokens being sold in this Offering, The potential purchaser will provide information for funding their purchase and the information will be sent directly to the Transfer Agent through a user interface that has been consented to by the Transfer Agent.

Prior to the qualification of the offering, we have engaged in testing-the-waters activities that utilize the HDL website. We have provided potential investors with a link to the Securitize platform where they can complete the Processes and we have allowed them to provide us with an expression of interest in the offering by signing up and requesting more information about the Offering. We will not make any offering of securities unless an Offering statement has been filed with the SEC and we will not make any sale of securities until an offering statement has been qualified by the SEC.

*Issuance of HDL Tokens*

The initial issuance of HDL Tokens at the closing of this Offering will be made by the Transfer Agent to the potential purchasers who created accounts with the Transfer Agent, were added to the Transfer Agent's whitelist and deposited payment for their potential purchase into the designated custodian account the Transfer Agent maintains on behalf of HDL with the Escrow Agent. Once the purchase of our HDL Tokens has been completed, and if we make available HDL Tokens, each purchaser would be represented on the blockchain used by the HDL Tokens with a unique identification number built from the whitelisting information provided by such purchaser.

The HDL Tokens are priced in U.S. dollars. In order to purchase our HDL Tokens, potential purchasers must pay the purchase price for our HDL Tokens in either USD or USDC. Purchasers must also pay the applicable network fee required to transact in the purchaser's selected crypto asset, which is paid directly to the crypto asset's network, not to HDL.

All proceeds for the sale of our HDL Tokens will be held in a designated custodian account the Transfer Agent maintains on behalf of HDL with the Escrow Agent until the closing of this Offering. After receiving payments for the securities being raised, the Escrow Agent will convert the cryptocurrencies that were received to U.S. dollars. If the Offering is terminated or expires prior to the closing of the Offering and no shares of our HDL Tokens have been issued, the Escrow Agent will release the proceeds back to the relevant purchasers. Escrowed proceeds will be released back in the amount and form of payment that was made on the original date of payment, and payments will be returned in the same crypto asset that such payment was made in. All of the USDC proceeds from the sale of our Class B Common Stock will be held by the Escrow Agent in a separate wallet designated for HDL. The value in U.S. dollars of the USDC used to purchase shares of our Class B Common Stock will be calculated based on publicly available exchange rates at the point in time at which the purchaser transfers such crypto asset to the escrow wallet and is recorded by Escrow Agent at such point of transfer. We intend to use the exchange rates quoted by https://bitcoinaverage.com to determine the U.S. dollar value of USDC. If we are unable to obtain conversion rates from https://bitcoinaverage.com/, as the case may be, at the point of transfer, we may rely on publicly available exchange rates quoted by other exchange operators. We will provide notice to investors explaining how and why we are selecting a replacement source for valuing any form of payment we accept for securities being purchased in this offering.

Before you initiate a crypto asset payment for HDL Tokens, the Transfer Agent will provide a confirmation showing the U.S. dollar purchase amount, the type of crypto asset that the purchaser has chosen to make the payment in, the amount of the selected crypto asset that will be transferred and the number of HDL Tokens to be issued to the purchaser subject to the acceptance of the purchaser's subscription.

HDL will not convert crypto asset payments into U.S. dollars at any time during the escrow period and will not make any adjustments to the U.S. dollar conversion amounts to reflect changes in the value of such crypto assets during the escrow period.

If we reject your subscription for any reason, our sole obligation to participants in this Offering will be to return to such participants, without interest or penalty, as soon as practicable, such participants' subscription payments in the amount and form of payment that was made on the original date of payment. Payment will be returned in the same crypto asset that it was made in. Consequently, for participants who utilize crypto assets to purchase HDL Tokens, the amount and type of crypto assets returned to such participants will be the same amount and same type of crypto asset used to make the payment on the original date of payment. A participant will not be permitted to receive a return payment in any form of payment different from the one the participant used on the original date of payment.

If any information or representation made by a prospective investor or others acting on his behalf mislead the Company as to the financial or other circumstances of such investor, and if, because of any error or misunderstanding as to such circumstances, the Company may reject subscriptions in whole or in part. Additionally, if in the Company's reasonable judgment, such action is deemed to be in our best interest, the Company will reject a subscription after a reasonable period of review. If this offering is oversubscribed, the Company will, in its sole discretion, determine which subscriptions will be accepted.

This Offering will close upon the earliest of (i) December 31, 2023, (ii) the date on which all Six Hundred Fifty-Six Thousand Two Hundred Fifty (656,250) shares of Class B Common Stock represented by HDL Tokens have been sold, (iii) the date which is one year after this offering is qualified by the SEC, or (iv) the date on which this offering is earlier terminated by the Company in its sole discretion.

Upon the closing of this Offering, the Transfer Agent will record the issuance of each share of HDL Tokens to the relevant purchasers via the book-entry method. Upon completion of the book-entry record, if we make available HDL Tokens, the Transfer Agent would then transfer one HDL Token per share of HDL Tokens purchased to the purchaser's wallet, the address of which the purchaser will have provided to the Transfer Agent during the process of creating their account with the Transfer Agent.

Following the closing of this Offering, a number representing the number of HDL Tokens held by the stockholder will be visible on the HDL website and on the Transfer Agent's website. On the Transfer Agent's website, stockholders can view their stock holdings, review stockholder correspondence and disclosures from the Company, and sign stockholder documents.

**Trading HDL Tokens following the closing of this Offering**

*Peer to peer transactions*

Following the closing of this Offering, our HDL Tokens may be sold in peer-to-peer transactions and the HDL Tokens transferred in accordance with such sales, subject to satisfaction of compliance-related transfer restrictions coded onto the HDL Tokens. Holders of shares of HDL Tokens may transfer such shares through the book-entry transfer facilities of the Transfer Agent even if there is no means by which to separately transfer the HDL Tokens.

Once the Offering has closed, and if we make HDL Tokens available, the Transfer Agent will use a two-step process to ensure that any subsequent peer to peer transfers of the Company's HDL Tokens are made in compliance with federal securities laws.

**The following description assumes that HDL Tokens have been made available.** In order for any subsequent peer to peer transfer of Class B Common Stock utilizing the Common Stock Tokens to occur, (i) the holder and recipient of the HDL Tokens must be on the whitelist and (ii) the transfer must not violate any of the HDL Tokens transfer restrictions that have been programmed onto the holder's HDL Tokens. All transfers of HDL Tokens must comply with the HDL Tokens transfer restrictions programmed onto the HDL Tokens. It is anticipated that peer to peer transfers will occur in the following way:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A holder of HDL Tokens opens the Securitize platform and clicks on the ''Offering
App,'' a specific app within the Securitize platform. The Offering App is connected to the Transfer Agent through an API connection,
which allows the Offering App and the Transfer Agent to share information. When the holder opens the app, the holder will see the number
of HDL Tokens that the holder possesses, each one of which represents HDL Tokens owned by the holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The holder types into the Offering App the wallet address that represents the person
or entity to whom the holder wishes to transfer HDL Tokens. The holder then types into the Offering App the number of HDL Tokens to be
transferred from the holders' wallet address to the wallet address representing the recipient. The holder then initiates the transfer.
When the holder initiates the transfer, the holder is initiating a transfer of HDL Tokens that represent the number of HDL Tokens that
the holder wishes to transfer, and it is the HDL Tokens that will move on a blockchain network from the wallet address of the holder to
the wallet address of the recipient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. When a transfer as described above has been initiated, all relevant information about
the transfer, including the identity of the holder and the wallet addresses of the holder and the potential recipient, is sent from the
Company to the Transfer Agent through the API connections. The Transfer Agent's Securitize DS Standard protocol checks the unique
identification number assigned to both the sender's and the receiver's wallet addresses, which was assigned as part of the
whitelisting process. If either the sender or the receiver do not have a whitelisted identification number, the transfer will not be permitted
by the protocol. In addition, the Securitize DS Standard protocol checks the transfer restrictions encoded on the holder's HDL Tokens
to ensure that the proposed transfer does not violate any of the transfer restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. When the Transfer Agent's validation process is complete, and the Securitize
DS Standard protocol has approved the transfer, the transfer of the HDL Tokens will be permitted. Simultaneous with the transfer of the
HDL Tokens, the Transfer Agent will record a transfer of the HDL Tokens in the book-entry stock records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Transfer Agent performs a reconciliation process between its book-entry records
of the HDL Tokens and the movement of the HDL Tokens on their blockchain on a daily basis. The reconciliation process consists of the
Transfer Agent's compliance officer reviewing, at close of business, the book entry records of HDL against the daily record of movements
of the HDL Tokens on their blockchain network. The compliance officer will also communicate with the Transfer Agent's customer service
team so as to be informed of any pending or open transactions, or any disputes that have been raised in regard to HDL's book entry
records. In addition to the compliance officer's review, an automated review is also performed every 72 hours that compares the
book entry records of HDL against the number of HDL Tokens that have been provided to HDL Token holders. The Transfer Agent has standard
internal procedures to identify and resolve any discrepancies it identifies during the reconciliation process. If a discrepancy is identified,
and the compliance officer cannot determine the origin of, and a resolution to, the discrepancy, the compliance officer will notify the
general counsel of the Transfer Agent and the general counsel will review the discrepancy in conjunction with HDL.

Holders of HDL Tokens can request the Transfer Agent review their transactions if holders of HDL Tokens believe that there is a discrepancy between the record of the HDL Tokens movements on the blockchain and the book-entry records of the Company. To request a review, holders of HDL Tokens must contact the Transfer Agent through its online support form, which can be accessed upon signing into the holder's account with the Transfer Agent. In addition, holders of HDL Tokens have 24/7 access to an online investor knowledge base that provides holders with support guides and articles.

**Should there be any unresolved discrepancy regarding any transfer of HDL Tokens, the Transfer Agent's book-entry records shall constitute the official shareholder records for our HDL Tokens and govern the record ownership of our HDL Tokens in all circumstances.**

In order to transfer HDL Tokens on the Polygon Blockchain, the network requires the payment of network fees, sometimes referred to as ''gas fees.'' These fees are payments made by users of the Polygon Blockchain to the Polygon Blockchain miners to compensate the miners for the computing energy required to process and validate transactions on the network. The gas fee is determined by the Polygon miners, and the miners can choose to decline to process a transaction if the gas fee does not meet their specified threshold. As a result, the amount of the gas fee can vary, and can increase due to increased demand for the miners' services in processing network transactions. Any such gas fees will be paid by the person or entity that holds and is choosing to transfer HDL Tokens. . HDL reserves the right to utilize alternative blockchains for the HDL Tokens and will provide holders of its HDL Tokens with appropriate notification should it choose to make available HDL Tokens on any blockchain, or if HDL should choose to change the blockchain on which HDL Tokens were available.

The Company will conduct significant research regarding whether a blockchain protocol change is necessary for HDL tokens. The Company would examine factors that are not limited to but could possibly include: (i) Current blockchain technological trends;(ii) Blockchain protocol usage and gas fees;(iii) User feedback; and (iv) Regulatory authority feedback and considerations.

**If we choose to make available HDL Tokens, records of transfers of HDL Tokens would be viewable on the Polygon blockchain. However, record and beneficial ownership of our HDL Tokens is reflected on the records of the Transfer Agent. The Transfer Agent is regulated by the SEC and the Transfer Agent's records constitute the official shareholder records for our HDL Tokens and govern the record ownership of our HDL Tokens in all circumstances.**

*Transfers on an ATS, if available*

We are in discussions with several ATSs regarding the availability of our HDL Tokens for trading; however, these discussions may not be successful, and there can be no assurance that our HDL Tokens will become available for trading on an ATS in the near term or at all. If, in the future, our HDL Tokens were to become available for trading on an ATS we will provide all holders of our HDL Tokens with instruction on how to access the ATS and how to trade their HDL Tokens on any such ATS.

It is possible that if our HDL Tokens were to become available for trading on an ATS, potential purchasers who do not yet hold HDL Tokens will be required to complete the Processes, as defined above, on the Transfer Agent's website, or the Company may either choose to hire a separate, third-party provider of the Processes or have the Processes performed by a broker affiliated with an ATS on which the HDL Tokens will trade. Any such external provider that performs the Processes would provide the results of the Processes and other relevant information about the potential purchaser to the Transfer Agent, who would then add any approved persons and entities to the whitelist, as described above.

*Transfers of Class B Common Stock without HDL Tokens*

It is always possible for holders of our Class B Common Stock to transfer their shares without using the HDL Tokens. To undertake such a transfer, the holder would contact the Transfer Agent and provide the Transfer Agent with all requested information regarding the transfer. The Transfer Agent would review the transfer restrictions applicable to the holder's Class B Common Stock and, if the proposed transfer was permitted, would record the transfer of the shares using the book-entry method. If HDL Tokens were made available, a transfer of shares undertaken in this manner would not be recorded on the blockchain record of the HDL Tokens.

If a transfer or sale of Class B Common Stock is made and the seller possesses HDL Tokens but does not transfer to the buyer the number of HDL Tokens that corresponds to the amount of Class B Common Stock sold, the Transfer Agent will remove the relevant amount of HDL Tokens from the seller's digital wallet and burn them, so that they no longer exist. If a purchaser of Class B Common Stock has a digital wallet and wishes to possess HDL Tokens, but the seller of the Class B Common Stock either did not possess HDL Tokens, or did not provide them to the purchaser, the Transfer Agent will provide the purchaser with new HDL Tokens.

**If we choose to make available HDL Tokens, records of transfers of HDL Tokens would be viewable on the Polygon blockchain. However, record and beneficial ownership of our HDL Tokens is reflected on the records of the Transfer Agent. The Transfer Agent is regulated by the SEC and the Transfer Agent's records constitute the official shareholder records for our HDL Tokens and govern the record ownership of our HDL Tokens in all circumstances.**

**Transferring accounts and changing systems**

We retain the right to select and change our transfer agent. We may choose to change our transfer agent, and. If we were to do so, our current Transfer Agent would directly provide all stockholder data to the new transfer agent. As we do not retain any of our stockholders' personal information in their capacity as stockholders, we are not able to directly transfer this information. We also retain the right to list our HDL Tokens on different trading platforms, which may or may not support our HDL Tokens. Should we choose to list on a different trading platform, our current Transfer Agent would directly provide all stockholder data to the relevant transfer agent for the new platform. If the new platform did not support our HDL Tokens, this would not affect the valid issuance of our HDL Tokens nor would it affect the records of the Transfer Agent in regard to our HDL Tokens.

**State Law Exemption**

As a Tier 2 offering pursuant to Regulation A under the Securities Act, this offering will be exempt from state ''Blue Sky'' law review, subject to certain state filing requirements and anti-fraud provisions, to the extent that our Class B Common Stock is offered and sold only to ''qualified purchasers'' or if our Class B Common Stock were to be listed on a national securities exchange. ''Qualified purchasers'' include: (i) ''accredited investors'' under Rule 501(a) of Regulation D and (ii) all other investors so long as their investment in our Class B Common Stock does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). Accordingly, we reserve the right to reject any investor's subscription in whole or in part for any reason, including if we determine in our sole and absolute discretion that such investor is not a ''qualified purchaser'' for purposes of Regulation A.

**LEGAL MATTERS**

The validity of the securities offered hereby will be passed upon for us by Bull Blockchain Law, LLP.

**EXPERTS**

The financial statements as of December 31, 2021 included in this Offering Circular have been included in reliance on the report of Jennifer L. Anderson, LLC, an independent certified public accounting firm, given on the authority of said firm as experts in auditing and accounting.

**WHERE YOU CAN FIND ADDITIONAL INFORMATION**

We have filed with the SEC an Offering Circular on Form 1-A under the Securities Act with respect to the shares of our common stock offered by this Offering Circular. This Offering Circular, which constitutes a part of the offering statement, does not contain all of the information set forth in the offering statement, some items of which are contained in exhibits to the offering statement as permitted by the rules and regulations of the SEC. For further information with respect to us and our common stock, we refer you to the registration statement, including the exhibits filed as a part of the registration statement. Statements contained in this Offering Circular concerning the contents of any contract or document referred to are not necessarily complete. If a contract or document has been filed as an exhibit to the registration statement, please see the copy of the contract or document that has been filed. Each statement is this offering circular relating to a contract or document filed as an exhibit is qualified in all respects by the filed exhibit.

You may read and copy the offering statement, including the exhibits and schedules thereto, at the Public Reference Section of the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the public reference rooms by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, like us, that file electronically with the SEC.

As a result of this offering, we will become subject to the information and reporting requirements of the Exchange Act and, in accordance with this law, will file periodic reports, proxy statements and other information with the SEC. These periodic reports, proxy statements and other information will be available for inspection and copying at the SEC's public reference facilities and the website of the SEC referred to above.

HYGIENIC DRESS LEAGUE CORP.

2021 UNAUDITED FINANCIAL STATEMENTS

October 16, 2021 (Date of Inception) to December 31, 2021

**HYGIENIC DRESS LEAGUE CORP.**

**INDEX TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **<u>Page</u>** |
| Independent Auditor's Report | 52 |
| 2021 Financial Statements: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Balance Sheet as of December 31, 2021 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statement of Operations and Comprehensive Income (Loss) <br> for the year ended December 31, 2021 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Change to Shareholders' Equity for the year ended December 31, 2021 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Cash Flow for the year ended December 31, 2021 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes to Financial Statements | 58 |

---

**JENNIFER L. ANDERSON, LLC**

Suite 210 Moorestown Office Center I IO Marter Avenue Moorestown, New Jersey 08057 Phone: (856) 234-7788 Fax: (856) 866-2324

INDEPENDENT AUDITOR'S REPORT

To the Management of

Hygienic Dress League Corp.

257 Old Churchmans Road

New Castle, Delaware 19720

**Opinion**

We have audited the accompanying financial statements of Hygienic Dress League Corp. (a Corporation), which comprise the balance sheet as of December 31, 2021, and the related statements of income and retained earnings, and cash flows for the period October 16, 2021 (Date of Inception) to December 31, 2021 then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Hygienic Dess League Corp. as of December 31, 2021, and the results of its operations and its cash flows for the period October 16, 2021 (Date of Inception) to December 31, 2021 then ended in accordance with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Hygienic Dress League Corp. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

**Responsibilities of Management for the Financial Statements**

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Hygienic Dress League Corp.'s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

**Auditor's Responsibilities for the Audit of the Financial Statements**

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exercise professional judgment and maintain professional skepticism throughout the audit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence
regarding the amounts and disclosures in the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Hygienic Dress League
Corp. 's internal control. Accordingly, no such opinion is expressed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise
substantial doubt about Hygienic Dress League Corp.'s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

![](janderson_sig.jpg)

JENNIFER L ANDERSON LLC

Moorestown, New Jersey

July 19, 2022

HYGIENIC DRESS LEAGUE CORP.

BALANCE SHEET

December 31, 2021

---

| | |
|:---|:---|
| ASSETS |  |
| CURRENT ASSETS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $332965 |
| &nbsp;&nbsp;&nbsp; TOTAL CURRENT ASSETS | 332965 |
| PROPERTY, PLANT, & EQUIPMENT, net | 8710 |
| &nbsp;&nbsp;&nbsp;TOTAL ASSETS | $341675 |
| LIABILITIES & STOCKHOLDERS' EQUITY |  |
| CURRENT LIABILITIES |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable | $6025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax Payable | 6720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholder Loans | 3312 |
| &nbsp;&nbsp;&nbsp;TOTAL CURRENT LIABILITIES | 16057 |
| STOCKHOLDERS' EQUITY |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock, 1,000,000 shares authorized, 400,000 shares issued | $400 |
| &nbsp;&nbsp;&nbsp;&nbsp;and outstanding, $.0001 par value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid in Capital | 299600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained Earnings | 25618 |
| &nbsp;&nbsp;&nbsp;TOTAL STOCKHOLDERS' EQUITY | 325618 |
| &nbsp;&nbsp;&nbsp;TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $341675 |

---

See accompanying notes to financial statements.

HYGIENIC DRESS LEAGUE CORP.

STATEMENT OF INCOME AND RETAINED EARNINGS

For the Period October 16, 2021 (Date of Inception) to December 31, 2021

---

| | |
|:---|:---|
| REVENUES | $100000 |
| EXPENSES |  |
| &nbsp;&nbsp;&nbsp;Advertising & Marketing | 21212 |
| &nbsp;&nbsp;&nbsp;Depreciation | 968 |
| &nbsp;&nbsp;&nbsp;Development Expenses | 4523 |
| &nbsp;&nbsp;&nbsp;Meals | 189 |
| &nbsp;&nbsp;&nbsp;Parking & Tolls | 1 |
| &nbsp;&nbsp;&nbsp;Production Materials | 2847 |
| &nbsp;&nbsp;&nbsp;Professional Fees | 26217 |
| &nbsp;&nbsp;&nbsp;Subcontractors | 2650 |
| &nbsp;&nbsp;&nbsp;Tech Subscriptions | 42 |
| &nbsp;&nbsp;&nbsp;Video Production | 9013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL EXPENSES | 67662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET INCOME (LOSS) FROM CONTINUING OPERATIONS | 32338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BEFORE PROVISION FOR INCOME TAXES |  |
| INCOME TAXES |  |
| &nbsp;&nbsp;&nbsp;Federal | 6720 |
| &nbsp;&nbsp;&nbsp;State | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET INCOME (LOSS) | 25618 |
| RETAINED EARNINGS AT BEGINNING OF PERIOD | - |
| RETAINED EARNINGS AT END OF PERIOD | $25618 |
| EARNINGS PER SHARE |  |
| &nbsp;&nbsp;&nbsp;Earnings per common share | $0.06 |
| &nbsp;&nbsp;&nbsp;Income from continuing operations Net income - Net of tax | $25618 |

---

See accompanying notes to financial statements.

HYGIENIC DRESS LEAGUE CORP.

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

Period Ended December 31, 2021

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Common | Additional | Retained | Total |
|  | <u>Stock</u> | <u>Paid in Capital</u> | <u>Earnings</u> | <u>Stockholders' Equity</u> |
| BALANCES, October 16, 2021 | $- | $- | $- | $- |
| Issuance of common stock | 400 | 299600 |  | 300000 |
| Net Income | - | - | 25618 | 25618 |
| BALANCES, December 31, 2021 | $400 | $299600 | $25618 | $325618 |

---

See accompanying notes to the financial statements.

HYGIENIC DRESS LEAGUE CORP.

STATEMENT OF CASH FLOWS

For the Period October 16, 2021 (Date of Inception) to December 31, 2021

---

| | |
|:---|:---|
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income | $25618 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net |  |
| &nbsp;&nbsp;&nbsp;&nbsp;cash used by operating activities : |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciatiom Expense | 968 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 6025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax payable | 6720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder Loans | 3312 |
| &nbsp;&nbsp;&nbsp;NET CASH USED BY |  |
| &nbsp;&nbsp;&nbsp;OPERATING ACTIVITIES | 42643 |
| CASH FLOW FROM INVESTING ACTIVITIES |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of Fixtures and Equipment | (9678) |
| &nbsp;&nbsp;&nbsp;NET CASH USED BY |  |
| &nbsp;&nbsp;&nbsp;INVESTING ACTIVITIES | (9678) |
| CASH FLOWS FROM FINANCINING ACTIVITIES: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issuance of Common Stock | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital contributions | 299600 |
| &nbsp;&nbsp;&nbsp;NET CASH PROVIDED BY |  |
| &nbsp;&nbsp;&nbsp; FINANCING ACTIVITIES | 300000 |
| &nbsp;&nbsp;&nbsp;NET INCREASE IN CASH | 332965 |
| CASH, BEGINNING OF PERIOD | - |
| CASH, END OF PERIOD | $332965 |

---

See accompanying notes to financial statements.

HYGIENIC DRESS LEAGUE CORP.

NOTES TO FINANCIAL STATEMENTS

OCTOBER 16, 2021 TO DECEMBER 31, 2021

<u>NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</u> 

<u>Business Activity</u> 

Hygienic Dress League Corp., a Corporation, was incorporated in Delaware on November 30, 2021. Their headquarters are located in Detroit, Michigan. The Company is an art concept company developing and selling art based Non-Fungible Tokens (NFTs). NFTs are an emerging technology and the market around them is still developing.

<u>Basis of Accounting</u>

The financial statements of the Company have been prepared on the accrual basis of accounting.

<u>Cash and Cash Equivalents</u>

Cash and cash equivalents are stated at cost, which approximates market. Cash and cash equivalents include cash in banks, and other investments with original maturities of less than three months from the date of purchase.

<u>Use of Estimates</u>

The preparation of the Company's financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.

<u>Income Taxes</u>

The Company is a 'C' Corporation for income tax purposes. Corporations maintaining a statutory corporate office in Delaware but not doing business within the state are exempt from the payment of income tax and the filing of returns. Additionally, Michigan tax regulations state Corporations with gross receipts less than $350,000 are not required to file a return nor pay any tax. Therefore, no state income tax provision is necessary for Delaware or Michigan. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to the difference between the bases of long-term contracts for financial reporting and income tax reporting. The deferred taxes represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. As of December 31, 2021, there were no deferred taxes or tax deferred differences. In evaluating the Company's tax provisions and accruals, future taxable income, and the reversal of temporary differences, interpretations and tax planning strategies are considered. The Company believes its estimates are appropriate based on current facts and circumstances.

<u>Revenue Recognition</u>

In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, revenue from Contracts with Customers ("ASU 2014-09"), which is codified is ASC 606, Reveue Recognition – Revenue from Contracts with Customers ("ASC 606"). The core principle of ASC 606 is to recognize revenue when promised goods or services are transferred to customers in an amount that reflects consideration to which an entity expects to be entitled for those goods or services. The Terms of Use governing the relationship between the Company and its customers does not constitute a contract under ASC 606 because each party has the unilateral enforceable right to terminate a wholly unperformed contract without compensating the other party. Therefore, all revenue is recognized on a transaction by transaction basis when:

- No performance obligations remain

- Substantially all consideration has been received.

HYGIENIC DRESS LEAGUE CORP.

NOTES TO FINANCIAL STATEMENTS

OCTOBER 16, 2021 TO DECEMBER 31, 2021

<u>Fair Value</u>

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation methods. The accounting standards establish a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the 11 most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained

from sources independent of the Company. Unobservable inputs reflect the Company's assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows:

Level 1: Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.

- Level 2: Valuations are based on quoted prices in markets that are not active or for which not all significant inputs are observable, either directly or indirectly.

- Level 3: Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

The availability of valuation techniques and observable inputs can vary from investment to investment and is affected by a wide variety of factors including, the type of investment, whether the investment is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined.

Because of the inherent uncertainty of valuation, estimated values may be materially higher or lower than the values that would have been used had a ready market for the assets existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure

purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls, is determined based on the lowest level input that is significant to the fair value measurement.

HYGIENIC DRESS LEAGUE CORP.

NOTES TO FINANCIAL STATEMENTS

OCTOBER 16, 2021 TO DECEMBER 31, 2021

Financial assets and liabilities not measured and recorded at fair values include cash and cash equivalents, accounts receivables, accounts payable, accrued liabilities, due from affiliates and other liabilities. These financial assets and liabilities are carried at cost, which approximates their fair value due to the short-term nature of the accounts.

<u>Advertising & Marketing</u>

The Company expenses advertising and marketing costs as they are incurred. Advertising expenses for the period ended December 31, 2021 were $21,212.

<u>Property and Equipment</u>

Depreciation of property and equipment is provided on the straight-line method. Expenditures for maintenance and repairs are charged against other operations. Renewals and betterments that materially extend the life of the asset are capitalized.

<u>NOTE B- PROPERTY & EQUIPMENT</u>

The following is a summary of property and equipment as of December 31, 2021 – at cost, less accumulated depreciation:

---

| | |
|:---|:---|
| Fixtures & Equipment | $9678 |
| Less: Accumulated Depreciation | (968) |
| Net Property and Equipment | $8710 |

---

Depreciation expense for the period October 16, 2021 to December 31, 2021 was $968.

<u>NOTE C - RELATED PARTY TRANSACTIONS</u>

The Company owes $3,312 in Shareholder loans to Steve Coy and Dorata Coy who are each 50% owners of Hygienic Dress League Corp. There are no specific payment terms on this shareholder loan.

Additionally, during the period ended December 31, 2021 the Company entered into a Simple Agreement for Future Equity ("SAFE") agreement with one investor, The Josef Guzowski 2020 Family Trust u/a/d 12/29/2020. The SAFE agreement certifies that in exchange for payment by the Trust of $500,000, the Company will issue to the investor the right to certain shares of the Company's Capital stock subject to terms listed therein. The Company received $300,000 of this investment on December 21, 2021 and is included in Additional Paid in Capital on the Balance Sheet as of December 31, 2021.

HYGIENIC DRESS LEAGUE CORP.

NOTES TO FINANCIAL STATEMENTS

OCTOBER 16, 2021 TO DECEMBER 31, 2021

<u>NOTE D – INCOME TAXES</u>

---

| | |
|:---|:---|
| Federal |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current/AMT | $6720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred | 0 |
| State/Local |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred | 0 |
| Net Income Tax Provision | $6720 |

---

<u>NOTE E – SUBSEQUENT EVENTS</u>

Management has evaluated the effects of subsequent events that have occurred subsequent to December 31, 2021 through July 19, 2022, which is the financial statement issuance date.

Subsequent to the financial statement issuance date, the Company Plans to file an application with the Securities and Exchange Commission ("SEC") for a Regulation A+ exemption to issue securities. If approved, this would allow for the issuance of up to $75 million of securities in a 12-month period. This would permit members of the public, subject to conditions, to participate in the offering. The Company believes this application is the first of its kind before the SEC. The Company is expected to receive the remaining $200,000 of the $500,000 agreed SAFE investment once the Company files a Regulation A+ application with the SEC. In exchange for the total$500,000, the investor will receive 93,750 shares of Class B Common Stock at a price of $5.33. The $200,000 remaining investment receivable is contingent upon qualification of this offering with the SEC.

HYGIENIC DRESS LEAGUE CORP.

2022 UNAUDITED FINANCIAL STATEMENTS

As of December 31, 2022

 **HYGIENIC DRESS LEAGUE CORP.**

 **INDEX TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **<u>Page</u>** |
| Balance Sheet as of December 31, 2022 | 64 |
| Statement of Operations and Comprehensive Income (Loss) <br> for the year ended December 31, 2022 | 65 |

---

HDL Corp

Balance Sheet

As of December 31, 2022

---

| | |
|:---|:---|
| | TOTAL |
| ASSETS |  |
| &nbsp;&nbsp; Current Assets |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Accounts |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase #7821 | 1986.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kraken | 1000.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Bank Accounts** | $**2986.49** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts Receivable<br> Due from Investor | 200000.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Accounts Receivable** | $**200000.00** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder Loans | 125136.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Other Current Assets** | $**125136.45** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Current Assets** | $**328122.94** |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed Assets |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated depreciation | -9678.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixtures & Equipment | 12465.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Fixed Assets** | $**2786.39** |
| **TOTAL ASSETS** | $**330909.33** |
| LIABILITIES AND EQUITY |  |
| &nbsp;&nbsp;Liabilities |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current Liabilities |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Cards |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase CC #3874 | 116.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Credit Cards** | $**116.59** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Current Liabilities** | $**116.59** |
| &nbsp;&nbsp;**Total Liabilities** | $**116.59** |
| &nbsp;&nbsp;Equity |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional Paid in Capital | 500000.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Stock | 100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained Earnings | 18561.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income | -187869.12 |
| &nbsp;&nbsp;**Total Equity** | $**330792.74** |
| **TOTAL LIABILITIES AND EQUITY** | $**330909.33** |

---

Accrual Basis Friday, January 13, 2023 02:27 PM GMT-05:00 1/1

HDL Corp

Profit and Loss

January - December 2022

---

| | |
|:---|:---|
| | TOTAL |
| Income Sales | 65055.80 |
| **Total Income** | $**65055.80** |
| GROSS PROFIT | $**65055.80** |
| Expenses |  |
| Advertising & Marketing | 95472.80 |
| &nbsp;&nbsp;&nbsp;Bank fees & service charges | 1115.00 |
| &nbsp;&nbsp;&nbsp;Domains | 437.20 |
| &nbsp;&nbsp;&nbsp;Insurance | 325.00 |
| &nbsp;&nbsp;&nbsp;Interest paid | 5.10 |
| &nbsp;&nbsp;&nbsp;Parking & tolls | 113.00 |
| &nbsp;&nbsp;&nbsp;Production Materials | 15860.36 |
| &nbsp;&nbsp;&nbsp;Professional Fees | 104701.81 |
| &nbsp;&nbsp;&nbsp;Shipping & postage | 68.76 |
| &nbsp;&nbsp;&nbsp;Subcontractors | 28740.81 |
| &nbsp;&nbsp;&nbsp;Tech Subscriptions | 2352.17 |
| &nbsp;&nbsp;&nbsp;Telephone & Internet | 269.04 |
| &nbsp;&nbsp;&nbsp;Travel | 3463.87 |
| **Total Expenses** | $**252924.92** |
| NET OPERATING INCOME | $**-187869.12** |
| NET INCOME | $**-187869.12** |

---

Accrual Basis Thursday, January 12, 2023 07:28 AM GMT-8 1/1

**PART III**

**EXHIBITS**

**Index to Exhibits**

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| 1A-2A | Certificate of Incorporation\* |
| 1A-2B | Bylaws\* |
| 1A-4 | Subscription Agreement\* |
| 1A-6.1 | Material Contract-NFT Drop Agreement\* |
| 1A-6.2 | Material Contract-Securitize Platform Services Agreement\* |
| 1A-6.3 | Material Contract-Public Relations Agreement\* |
| 1A-6.4 | Material Contract-Securitize Markets Agreement\* |
| 1A-6.5 | Material Contract-PR Proposal\*\* |
| 1A-6.6 | Material Contract – NFT Art Commission Agreement\* |
| 1A-6.7 | Material Contract – NFT Purchase and License Agreement\* |
| 1A-10 | Power of Attorney Letter\* |
| 1A-11.1 | Form of Consent of Bull Blockchain Law LLP\* |
| 1A-11.2 | Form of Consent of Jennifer L. Anderson, LLC CPA\* |
| 1A-12 | Legal Opinion of Counsel\* |
| 1A-13.1 | Testing the Waters Material- 2/28/22\* |
| 1A-13.2 | Testing the Waters Material- 3/8/22\* |

---

\* Filed herewith

\*\* Previously filed.

**<u>SIGNATURES</u>**

Pursuant to the requirements of Regulation A, the registrant caused this amended Form 1-A to be signed on its behalf by the undersigned, thereunto duly authorized on January 18, 2023.

**HYGIENIC DRESS LEAGUE CORP.**

---

| | |
|:---|:---|
| By: | /s/*Steve Coy* |
|  | Steve Coy |
|  | Chief Executive Officer |

---

**<u>POWER OF ATTORNEY</u>**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Steve Coy as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities (including his capacity as a director and/or officer of Hygienic Dress League Corp.) to sign any or all amendments (including post-effective amendments) to this offering statement and any and all supplements thereto, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as they, he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their, his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of Regulation A, this amended Form 1-A has been signed by the following persons in the capacities indicated on January 18, 2023:

---

| | |
|:---|:---|
| **Name** | **Title** |
| /s/*Dorota Coy* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co-CEO and Director |
| Dorota Coy |  |
| /s/*Steve Coy* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co-CEO, Director, Principal Financial & Accounting Officer |
| Steve Coy |  |

---

## Ex1A-2A

**Exhibit 1A-2A**

 **AMENDED & RESTATED**

 **CERTIFICATE OF INCORPORATION**

 **OF**

 **HYGIENIC DRESS LEAGUE CORP.**

 **ARTICLE I**

The name of the corporation is Hygienic Dress League Corp. (the "***Corporation***").

 **ARTICLE II**

The address of the Corporation's registered office in the state of Delaware is 257 Old Churchmans Road, in the City of New Castle, County of New Castle, Zip Code 19720. The name of its registered agent at such address is Agents of Delaware Inc.

 **ARTICLE III**

The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the Delaware General Corporation Law.

 **ARTICLE IV**

The aggregate number of shares which the Corporation shall have authority to issue is One Million (1,000,000) shares of capital stock consisting of:

Four Hundred Thousand (400,000) shares of Class A Voting Common Stock having a par value of $0.0001 per share (the "Class A Voting Common Stock"); and

Six Hundred Thousand (600,000) shares of Class B Non-Voting Common Stock having a par value of $0.0001 per share (the "Class B Non-Voting Common Stock" and together with the Class A Voting Common Stock, the "Common Stock").

The holders of Class A Voting Common Stock are entitled to one vote for each share held as of the record date for each meeting of stockholders. Except as expressly provided herein or as required by law, the holders of Class B Non-Voting Common Stock will have the same powers, rights, and preferences as, and will rank equally and share proportionately with, and be identical in all respects as to all matters to, the Class A Voting Common Stock, including the right to attend stockholders meetings and receive informational distributions from the Corporation with respect to such meetings; provided, however, that the holders of Class B Non-Voting Common Stock will have no voting rights other than those voting rights required by law. There shall be no cumulative voting.

The number of authorized shares of any class or classes of stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the outstanding stock of the Corporation entitled to vote.

 **ARTICLE V**

The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. Elections of directors need not be by written ballot unless otherwise provided in the Bylaws of the Corporation. In furtherance of and not in limitation of the powers conferred by the laws of the state of Delaware, the Board of Directors of the Corporation is expressly authorized to make, amend, or repeal Bylaws of the Corporation.

 **ARTICLE VI**

To the fullest extent permitted by the Delaware General Corporation Law, as the same exists or as may hereafter be amended, a director of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director.

The Corporation shall indemnify to the fullest extent permitted by law any person made or threatened to be made a party to an action or proceeding, whether criminal, civil, administrative or investigative, by reason of the fact that he, his testator or intestate is or was a director or officer of the Corporation or any predecessor of the Corporation, or serves or served at any other enterprise as a director or officer at the request of the Corporation or any predecessor to the Corporation.

Neither any amendment nor repeal of this Article VI, nor the adoption of any provision of the Corporation's Certificate of Incorporation inconsistent with this Article VI, shall eliminate or reduce the effect of this Article VI in respect of any matter occurring, or any action or proceeding accruing or arising or that, but for this Article VI, would accrue or arise, prior to such amendment, repeal or adoption of an inconsistent provision.

 **ARTICLE VII**

Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (A) any derivative action or proceeding asserting a claim on behalf of the Corporation, (B) any action or proceeding asserting a claim of breach of a fiduciary duty owed by any current or former director, officer, employee or agent of the Corporation to the Corporation or the Corporation's stockholders, (C) any action or proceeding asserting a claim against the Corporation arising pursuant to any provision of the Delaware General Corporation Law or the Corporation's Certificate of Incorporation or Bylaws, (D) any action or proceeding asserting a claim as to which the Delaware General Corporation Law confers jurisdiction upon the Court of Chancery of the State of Delaware, or (E) any action or proceeding asserting a claim governed by the internal affairs doctrine, in each case subject to said Court of Chancery having personal jurisdiction over the indispensable parties named as defendants therein.

 **ARTICLE VIII**

The name and mailing address of the incorporator are as follows:

Steven Coy

405 West Grand Blvd.

Detroit, MI 48216

---

| | | |
|:---|:---|:---|
| Executed on | 1/4/2022. |  |
|  |  | /s/ Steven Coy |
|  |  | Steven Coy, Incorporator |

---

## Ex1A-2B

**Exhibit 1A-2B**

 **AMENDED AND RESTATED**

 **BY-LAWS**

 **OF**

 **HYGIENIC DRESS LEAGUE CORP.**

 **ARTICLE I**

 **<u>OFFICES</u>**

 **Section 1.01 Offices.** The address of the registered office of Hygienic Dress League Corp. (hereinafter called the "***Corporation***") in the State of Delaware shall be at, 257 Old Churchmans Road, in the City of New Castle, County of New Castle, Zip Code 19720. The Corporation may have other offices, both within and without the State of Delaware, as the board of directors of the Corporation (the "***Board of Directors***") from time to time shall determine or the business of the Corporation may require.

 **Section 1.02 Books and Records.** Any records administered by or on behalf of the Corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be maintained on any information storage device, method, or one (1) or more electronic networks or databases (including one (1) or more distributed electronic networks or databases); *provided that* the records so kept can be converted into clearly legible paper form within a reasonable time, and, with respect to the stock ledger, the records so kept comply with Section 224 of the Delaware General Corporation Law. The Corporation shall so convert any records so kept upon the request of any person entitled to inspect such records pursuant to applicable law.

 **ARTICLE II**

 **<u>STOCKHOLDERS</u>**

 **Section 2.01 Stock Ownership.** The Corporation shall have two (2) classes of Common Stock: Class A Voting Common Stock and Class B Non-Voting Common Stock (together, "***Common Stock***"). The designations, preferences, limitations, and relative rights of the classes of Common Stock shall be as set forth in the Certificate of Incorporation and described herein. The Class A Voting Common Stock shall be voting stock. The holders of the Class A Voting Common Stock shall be entitled to cast one (1) vote per share of Class A Voting Common Stock on all matters coming before a vote of the stockholders. The Class B Non-Voting Common Stock shall be non-voting stock, and the holders of Class B Non-Voting Common Stock shall not be entitled to receive notice of or attend meetings of the stockholders, or cast votes on matters coming before a vote of the stockholders, except as required by applicable law.

 **Section 2.02 Place of Meetings.** All meetings of the stockholders shall be held at such place, if any, either within or without the State of Delaware, or by means of remote communication, as shall be designated from time to time by resolution of the Board of Directors and stated in the notice of meeting.

 **Section 2.03 Annual Meeting.** The annual meeting of the stockholders for the election of directors and for the transaction of such other business as may properly come before the meeting shall be held at such date, time, and place, if any, as shall be determined by the Board of Directors and stated in the notice of the meeting.

 **Section 2.04 Special Meetings.** Special meetings of stockholders for any purpose or purposes shall be called pursuant to a resolution approved by the Board of Directors and may not be called by any other person or persons. The only business which may be conducted at a special meeting shall be the matter or matters set forth in the notice of such meeting.

 **Section 2.05 Adjournments.** Any meeting of the stockholders, annual or special, may be adjourned from time to time to reconvene at the same or some other place, if any, and notice need not be given of any such adjourned meeting if the time, place, if any, thereof, and the means of remote communication, if any, are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. If after the adjournment a new record date is fixed for stockholders entitled to vote at the adjourned meeting, the Board of Directors shall fix a new record date for notice of the adjourned meeting and shall give notice of the adjourned meeting to each stockholder of record entitled to vote at the adjourned meeting as of the record date fixed for notice of the adjourned meeting.

 **Section 2.06 Notice of Meetings.** Notice of the place, if any, date, hour, the record date for determining the stockholders entitled to vote at the meeting (if such date is different from the record date for stockholders entitled to notice of the meeting) and means of remote communication, if any, of every meeting of stockholders shall be given by the Corporation not less than ten (10) days nor more than sixty (60) days before the meeting (unless a different time is specified by law) to every stockholder entitled to vote at the meeting as of the record date for determining the stockholders entitled to notice of the meeting. Notices of special meetings shall also specify the purpose or purposes for which the meeting has been called. Notices of meetings to stockholders may be given by mailing the same, addressed to the stockholder entitled thereto, at such stockholder's mailing address as it appears on the records of the corporation and such notice shall be deemed to be given when deposited in the U.S. mail, postage prepaid. Without limiting the manner by which notices of meetings otherwise may be given effectively to stockholders, any such notice may be given by electronic transmission in accordance with applicable law. Notice of any meeting need not be given to any stockholder who shall, either before or after the meeting, submit a waiver of notice or who shall attend such meeting, except when the stockholder attends for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Any stockholder so waiving notice of the meeting shall be bound by the proceedings of the meeting in all respects as if due notice thereof had been given.

 **Section 2.07 List of Stockholders.** The Corporation shall prepare a complete list of the stockholders entitled to vote at any meeting of stockholders (provided, however, if the record date for determining the stockholders entitled to vote is less than ten (10) days before the date of the meeting, the list shall reflect the stockholders entitled to vote as of the tenth (10th) day before the meeting date), arranged in alphabetical order, and showing the address of each stockholder and the number of shares of each class of capital stock of the Corporation registered in the name of each stockholder at least ten (10) days before any meeting of the stockholders. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, on a reasonably accessible electronic network if the information required to gain access to such list was provided with the notice of the meeting or during ordinary business hours, at the principal place of business of the Corporation for a period of at least ten (10) days before the meeting. If the meeting is to be held at a place, the list shall also be produced and kept at the time and place of the meeting the whole time thereof and may be inspected by any stockholder who is present. If the meeting is held solely by means of remote communication, the list shall also be open for inspection by any stockholder during the whole time of the meeting as provided by applicable law. Except as provided by applicable law, the stock ledger of the Corporation shall be the only evidence as to who are the stockholders entitled to examine the stock ledger and the list of stockholders or to vote in person or by proxy at any meeting of stockholders.

 **Section 2.08 Quorum.** Unless otherwise required by law, the Corporation's Certificate of Incorporation (the "***Certificate of Incorporation***") or these by-laws, at each meeting of the stockholders, a majority in voting power of the shares of the Corporation entitled to vote at the meeting, present in person or represented by proxy, shall constitute a quorum. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power, by the affirmative vote of a majority in voting power thereof, to adjourn the meeting from time to time, in the manner provided in Section 2.05, until a quorum shall be present or represented. A quorum, once established, shall not be broken by the subsequent withdrawal of enough votes to leave less than a quorum. At any such adjourned meeting at which there is a quorum, any business may be transacted that might have been transacted at the meeting originally called.

 **Section 2.09 Conduct of Meetings.** The Board of Directors may adopt by resolution such rules and regulations for the conduct of the meeting of the stockholders as it shall deem appropriate. At every meeting of the stockholders, the President, or in his or her absence or inability to act, the secretary, or, in his or her absence or inability to act, the person whom the President shall appoint, shall act as chair of, and preside at, the meeting. The secretary or, in his or her absence or inability to act, the person whom the chair of the meeting shall appoint secretary of the meeting, shall act as secretary of the meeting, and keep the minutes thereof. Except to the extent inconsistent with such rules and regulations as adopted by the Board of Directors, the chair of any meeting of the stockholders shall have the right and authority to prescribe such rules, regulations, and procedures and to do all such acts as, in the judgment of such chair, are appropriate for the proper conduct of the meeting. Such rules, regulations, or procedures, whether adopted by the Board of Directors or prescribed by the chair of the meeting, may include, without limitation, the following: (a) the establishment of an agenda or order of business for the meeting; (b) the determination of when the polls shall open and close for any given matter to be voted on at the meeting; (c) rules and procedures for maintaining order at the meeting and the safety of those present; (d) limitations on attendance at or participation in the meeting to stockholders of record of the corporation, their duly authorized and constituted proxies or such other persons as the chair of the meeting shall determine; (e) restrictions on entry to the meeting after the time fixed for the commencement thereof; and (f) limitations on the time allotted to questions or comments by participants.

 **Section 2.10 Voting; Proxies.** Unless otherwise required by law or the Certificate of Incorporation, the election of directors shall be decided by a plurality of the votes cast at a meeting of the stockholders, at which a quorum is present, by the holders of stock entitled to vote in the election. Unless otherwise required by law, the Certificate of Incorporation, or these bylaws, any matter, other than the election of directors, brought before any meeting of stockholders, at which a quorum is present, shall be decided by the affirmative vote of the majority of shares present in person or represented by proxy at the meeting and entitled to vote on the matter. Each stockholder entitled to vote at a meeting of stockholders or to express consent to corporate action without a meeting may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period. The authorization of a person to act as proxy may be documented, signed, and delivered in accordance with Section 116 of the General Corporation Law of the State of Delaware (the "***DGCL***") provided that such authorization shall set forth, or be delivered with, information enabling the Corporation to determine the identity of the stockholder granting such authorization. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by delivering to the secretary of the Corporation a revocation of the proxy or a new proxy bearing a later date. Voting at meetings of stockholders need not be by written ballot.

 **Section 2.11 Inspectors at Meetings of Stockholders.** The Board of Directors, in advance of any meeting of stockholders, may, and shall if required by law, appoint one (1) or more inspectors, who may be employees of the Corporation, to act at the meeting or any adjournment thereof and make a written report thereof. The Board of Directors may designate one (1) or more persons as alternate inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting, the person presiding at the meeting shall appoint one (1) or more inspectors to act at the meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of his or her ability. The inspectors shall (a) ascertain the number of shares outstanding and the voting power of each, (b) determine the shares represented at the meeting, the existence of a quorum and the validity of proxies and ballots, (c) count all votes and ballots, (d) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the inspectors, and (e) certify their determination of the number of shares represented at the meeting and their count of all votes and ballots. The inspectors may appoint or retain other persons or entities to assist the inspectors in the performance of their duties. Unless otherwise provided by the Board of Directors, the date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote at a meeting shall be announced at the meeting. No ballot, proxies, votes, or any revocation thereof or change thereto, shall be accepted by the inspectors after the closing of the polls unless the Court of Chancery of the State of Delaware upon application by a stockholder shall determine otherwise. In determining the validity and counting of proxies and ballots cast at any meeting of stockholders, the inspectors may consider such information as is permitted by applicable law. No person who is a candidate for office at an election may serve as an inspector at such election.

 **Section 2.12 Consent of Stockholders Without a Meeting.** Any action to be taken at any annual or special meeting of stockholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing or by electronic transmission, setting forth the action to be so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its registered office in the State of Delaware (by hand or by certified or registered mail, return receipt requested), its principal place of business, an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded, or to an information processing system designated by the corporation for receiving such consents in accordance with applicable law. Every consent shall bear the date of signature of each stockholder who signs the consent, and no consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days of the earliest dated consent delivered in the manner required by this Section 2.11, consents signed by a sufficient number of holders to take action are delivered to the Corporation as aforesaid. Prompt notice of the taking of the corporate action without a meeting by less than unanimous consent shall, to the extent required by applicable law, be given to those stockholders who have not consented in writing, and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date for notice of such meeting had been the date that consents signed by a sufficient number of holders to take the action were delivered to the Corporation.

 **Section 2.13 Fixing the Record Date.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting. If the Board of Directors so fixes a date, such date shall also be the record date for determining the stockholders entitled to vote at such meeting unless the Board of Directors determines, at the time it fixes such record date, that a later date on or before the date of the meeting shall be the date for making such determination. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; *provided, however,* that the Board of Directors may fix a new record date for the determination of stockholders entitled to vote at the adjourned meeting and in such case shall also fix as the record date for stockholders entitled to notice of such adjourned meeting the same or an earlier date as that fixed for the determination of stockholders entitled to vote therewith at the adjourned meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) In order that the Corporation may determine the stockholders entitled to consent to corporate action without a meeting, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than ten (10) days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors, the record date for determining stockholders entitled to consent to corporate action without a meeting: (i) when no prior action by the Board of Directors is required by law, the record date for such purpose shall be the first date on which a signed consent setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery (by hand, or by certified or registered mail, return receipt requested) to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded and (ii) if prior action by the Board of Directors is required by law, the record date for such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion, or exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty (60) days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.

 **ARTICLE III**

 **<u>BOARD OF DIRECTORS</u>**

 **Section 3.01 General Powers.** The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. The Board of Directors may adopt such rules and procedures, not inconsistent with the Certificate of Incorporation, these by-laws, or applicable law, as it may deem proper for the conduct of its meetings and the management of the Corporation.

 **Section 3.02 Number; Term of Office.** The Board of Directors shall consist of one (1) or more members, the number thereof to be determined from time to time by resolution of the Board of Directors. Each director shall hold office until a successor is duly elected and qualified or until the director's earlier death, resignation, disqualification, or removal.

 **Section 3.03 Newly Created Directorships and Vacancies.** Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, shall be filled solely by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified, or the earlier of such director's death, resignation, or removal.

 **Section 3.04 Resignation.** Any director may resign at any time by notice given either in writing or by electronic transmission to the Corporation. Such resignation shall take effect at the date of receipt of such notice by the Corporation or at such later time as is therein specified. A verbal resignation shall not be deemed effective until confirmed by the director in writing or by electronic transmission to the Corporation.

 **Section 3.05 Removal.** Except as prohibited by applicable law or the Certificate of Incorporation, the stockholders entitled to vote in an election of directors may remove any director from office at any time, with or without cause, by the affirmative vote of a majority in voting power thereof.

 **Section 3.06 Fees and Expenses.** Directors shall receive such fees and expenses as the Board of Directors shall from time to time prescribe.

 **Section 3.07 Regular Meetings.** Regular meetings of the Board of Directors may be held without notice at such times and at such places as may be determined from time to time by the Board of Directors or the Chair of the Board.

 **Section 3.08 Special Meetings.** Special meetings of the Board of Directors may be held at such times and at such places as may be determined by the Chair of the Board or the President on at least twenty-four (24) hours' notice to each director given by one of the means specified in Section 3.11 hereof other than by mail or on at least three (3) days' notice if given by mail. Special meetings shall be called by the chairman or the President in like manner and on like notice on the written request of any two or more directors.

 **Section 3.09 Telephone Meetings.** Board of Directors or Board of Directors committee meetings may be held by means of telephone conference or other communications equipment by means of which all persons participating in the meeting can hear each other and be heard. Participation by a director in a meeting pursuant to this Section 3.09 shall constitute presence in person at such meeting.

 **Section 3.10 Adjourned Meetings.** A majority of the directors present at any meeting of the Board of Directors, including an adjourned meeting, whether or not a quorum is present, may adjourn and reconvene such meeting to another time and place. At least twenty-four (24) hours' notice of any adjourned meeting of the Board of Directors shall be given to each director whether or not present at the time of the adjournment, if such notice shall be given by one of the means specified in Section 3.11 hereof other than by mail, or at least three (3) days' notice if by mail. Any business may be transacted at an adjourned meeting that might have been transacted at the meeting as originally called.

 **Section 3.11 Notices.** Subject to Section 3.08, Section 3.10, and Section 3.12 hereof, whenever notice is required to be given to any director by applicable law, the Certificate of Incorporation, or these by-laws, such notice shall be deemed given effectively if given in person or by telephone, mail addressed to such director at such director's address as it appears on the records of the Corporation, facsimile, email, or by other means of electronic transmission.

 **Section 3.12 Waiver of Notice.** Whenever notice to directors is required by applicable law, the Certificate of Incorporation, or these by-laws, a waiver thereof, in writing signed by, or by electronic transmission by, the director entitled to the notice, whether before or after such notice is required, shall be deemed equivalent to notice. Attendance by a director at a meeting shall constitute a waiver of notice of such meeting except when the director attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business on the ground that the meeting was not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special Board of Directors or

committee meeting need be specified in any waiver of notice.

 **Section 3.13 Organization.** At each meeting of the Board of Directors, the chairman or, in his or her absence, another director selected by the Board of Directors shall preside. The secretary shall act as secretary at each meeting of the Board of Directors. If the secretary is absent from any meeting of the Board of Directors, an assistant secretary shall perform the duties of secretary at such meeting; and in the absence from any such meeting of the secretary and all assistant secretaries, the person presiding at the meeting may appoint any person to act as secretary of the meeting.

 **Section 3.14 Quorum of Directors.** Except as otherwise permitted by the Certificate of Incorporation, these by-laws, or applicable law, the presence of a majority of the Board of Directors shall be necessary and sufficient to constitute a quorum for the transaction of business at any meeting of the Board of Directors.

 **Section 3.15 Action by Majority Vote.** Except as otherwise expressly required by these by-laws, the Certificate of Incorporation, or by applicable law, the vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors.

 **Section 3.16 Action Without Meeting.** Unless otherwise restricted by the Certificate of Incorporation or these by-laws, any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting if all directors or members of such committee, as the case may be, consent thereto in writing or by electronic transmission and any consent may be documented, signed, and delivered in any manner permitted by Section 116 of the DGCL. After an action is taken, the consent or consents relating thereto shall be filed with the minutes of proceedings of the Board of Directors or committee in accordance with applicable law.

 **Section 3.17 Committees of the Board of Directors.** The Board of Directors may designate one (1) or more committees, each committee to consist of one (1) or more of the directors of the Corporation. The Board of Directors may designate one (1) or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. If a member of a committee shall be absent from any meeting, or disqualified from voting thereat, the remaining member or members present at the meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent permitted by applicable law, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation and may authorize the seal of the Corporation to be affixed to all papers that may require it to the extent so authorized by the Board of Directors. Unless the Board of Directors provides otherwise, at all meetings of such committee, a majority of the then authorized members of the committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members of the committee present at any meeting at which there is a quorum shall be the act of the committee. Each committee shall keep regular minutes of its meetings. Unless the Board of Directors provides otherwise, each committee designated by the Board of Directors may make, alter, and repeal rules and procedures for the conduct of its business. In the absence of such rules and procedures each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to this Article III.

 **ARTICLE IV**

 **<u>OFFICERS</u>**

 **Section 4.01 Positions and Election.** The officers of the Corporation shall be elected by the Board of Directors and shall include a Chair of the Board of Directors (who must be a director), a president, a treasurer, and a secretary. The Board of Directors, in its discretion, may also elect one (1) or more vice chairs (who must be directors), and one (1) or more vice presidents, assistant treasurers, assistant secretaries, and other officers. Any two (2) or more offices may be held by the same person.

 **Section 4.02 Term.** Each officer of the Corporation shall hold office until such officer's successor is elected and qualified or until such officer's earlier death, resignation, or removal. Any officer elected or appointed by the Board of Directors may be removed by the Board of Directors at any time, with or without cause, by the majority vote of the members of the Board of Directors then in office. The removal of an officer shall be without prejudice to his or her contract rights, if any. The election or appointment of an officer shall not of itself create contract rights. Any officer of the Corporation may resign at any time by giving written notice of his or her resignation to the president or the secretary. Any such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, immediately upon its receipt. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Should any vacancy occur among the officers, the position shall be filled for the unexpired portion of the term by appointment made by the Board of Directors.

 **Section 4.03 The President.** The president shall have general supervision over the business of the Corporation and other duties incident to the office of president, and any other duties as may be from time to time assigned to the president by the Board of Directors and subject to the control of the Board of Directors in each case.

 **Section 4.04 Vice Presidents.** Each vice president shall have such powers and perform such duties as may be assigned to him or her from time to time by the Chair of the Board of Directors or the president.

 **Section 4.05 The Secretary.** The secretary shall attend all sessions of the Board of Directors and all meetings of the stockholders and record all votes and the minutes of all proceedings, and shall perform like duties for committees when required. He or she shall give, or cause to be given, notice of all meetings of the stockholders and meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or the president. The secretary shall keep in safe custody the seal of the Corporation and have authority to affix the seal to all documents requiring it and attest to the same.

 **Section 4.06 The Treasurer.** The treasurer shall have the custody of the corporate funds and securities, except as otherwise provided by the Board of Directors, and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys and other valuable effects in the name and to the credit of the Corporation in such depositories as may be designated by the Board of Directors. The treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for such disbursements, and shall render to the president and the directors, at the regular meetings of the Board of Directors, or whenever they may require it, an account of all his or her transactions as treasurer and of the financial condition of the Corporation.

 **Section 4.07 Duties of Officers May Be Delegated.** In case any officer is absent, or for any other reason that the Board of Directors may deem sufficient, the president or the Board of Directors may delegate for the time being the powers or duties of such officer to any other officer or to any director.

 **ARTICLE V**

 **<u>STOCK CERTIFICATES AND THEIR TRANSFER</u>**

 **Section 5.01 Certificates Representing Shares.** The shares of stock of the Corporation shall be represented by certificates; provided that the Board of Directors may provide by resolution or resolutions that some or all of any class or series shall be uncertificated shares that may be evidenced by a book-entry system maintained by the registrar of such stock. If shares are represented by certificates, such certificates shall be in the form, other than bearer form, approved by the Board of Directors. The certificates representing shares of stock of each class shall be signed by, or in the name of, the Corporation by any two authorized officers of the Corporation. Any or all such signatures may be facsimiles. Although any officer, transfer agent, or registrar whose manual or facsimile signature is affixed to such a certificate ceases to be such officer, transfer agent, or registrar before such certificate has been issued, it may nevertheless be issued by the Corporation with the same effect as if such officer, transfer agent, or registrar were still such at the date of its issue.

 **Section 5.02 Transfers of Stock.** Stock of the Corporation shall be transferable in the manner prescribed by law and in these by-laws. Transfers of stock shall be made on the books of the Corporation only by the holder of record thereof, by such person's attorney lawfully constituted in writing and, in the case of certificated shares, upon the surrender of the certificate thereof, which shall be cancelled before a new certificate or uncertificated shares shall be issued. No transfer of stock shall be valid as against the Corporation for any purpose until it shall have been entered in the stock records of the Corporation by an entry showing from and to whom transferred. To the extent designated by the president or any vice president or the treasurer of the Corporation, the Corporation may recognize the transfer of fractional uncertificated shares, but shall not otherwise be required to recognize the transfer of fractional shares.

 **Section 5.03 Transfer Agents and Registrars.** The Board of Directors may appoint, or authorize any officer or officers to appoint, one (1) or more transfer agents and one (1) or more registrars.

 **Section 5.04 Lost, Stolen, or Destroyed Certificates.** The Board of Directors may direct a new certificate or uncertificated shares to be issued in place of any certificate theretofore issued by the Corporation alleged to have been lost, stolen, or destroyed upon the making of an affidavit of that fact by the owner of the allegedly lost, stolen, or destroyed certificate. When authorizing such issue of a new certificate or uncertificated shares, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of the lost, stolen, or destroyed certificate, or the owner's legal representative to give the Corporation a bond sufficient to indemnify it against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen, or destroyed or the issuance of such new certificate or uncertificated shares.

 **Section 5.05 Tokens.** Shares of stock in the Corporation, including but not limited to Class A Voting Common Stock and Class B Non-Voting Common Stock, may be issued in digital form ("***Tokens***"), including but not limited to blockchain. If the shares of stock in the Corporation are represented by Tokens, every stockholder shall be entitled to receive Tokens representing the number and type of shares of stock of the Corporation owned by the stockholder.

 **ARTICLE VI**

 **<u>GENERAL PROVISIONS</u>**

 **Section 6.01 Fiscal Year.** The fiscal year of the Corporation shall begin on January 1 and end on December 31 of each year.

 **Section 6.02 Checks, Notes, Drafts, Etc.** All checks, notes, drafts, or other orders for the payment of money of the Corporation shall be signed, endorsed, or accepted in the name of the Corporation by such officer, officers, person, or persons as from time to time may be designated by the Board of Directors or by an officer or officers authorized by the Board of Directors to make such designation.

 **Section 6.03 Dividends.** Subject to applicable law and the Certificate of Incorporation, dividends upon the shares of capital stock of the Corporation may be declared by the Board of Directors at any regular or special meeting of the Board of Directors. Dividends may be paid in cash, in property, or in shares of the Corporation's capital stock, unless otherwise provided by applicable law or the Certificate of Incorporation.

 **Section 6.04 Conflict with Applicable Law or Certificate of Incorporation.** These by-laws are adopted subject to any applicable law and the Certificate of Incorporation. Whenever these by-laws may conflict with any applicable law or the Certificate of Incorporation, such conflict shall be resolved in favor of such law or the Certificate of Incorporation.

 **ARTICLE VII**

 **<u>AMENDMENTS</u>**

 **Section 7.01 Amendments.** These by-laws may be adopted, amended, or repealed or new by-laws adopted by the Board of Directors. The stockholders may make additional by-laws and may adopt, amend, or repeal any by-laws whether such by-laws were originally adopted by them or otherwise.

## Ex1A-4

**Exhibit 1A-4**

 **Exhibit1A-4 SUBSCRIPTION AGREEMENT**

 **HYGIENIC DRESS LEAGUE CORP.**

 **SUBSCRIPTION AGREEMENT**

 **<u>NOTICE TO INVESTORS</u>**

 **The securities offered hereby are highly speculative. Investing in shares of Hygienic Dress League Corp. involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following this offering, it may not continue.**

 **The securities offered hereby have not been registered under the Securities Act of 1933, as amended (the "*Securities Act*"), or any state securities or blue-sky laws and are being offered and sold in reliance on exemptions from the registration requirements of the Securities Act and state securities or blue-sky laws. Although an offering statement has been filed with the Securities and Exchange Commission (the "*SEC*"), that offering statement does not include the same information that would be included in a registration statement under the Securities Act. The securities have not been approved or disapproved by the SEC, any state securities commission or other regulatory authority, nor have any of the foregoing authorities passed upon the merits of this offering or the adequacy or accuracy of the offering circular or any other materials or information made available to subscriber in connection with this offering over the web-based platform maintained by securitize.io (the "*Platform*"). Any representation to the contrary is unlawful.**

 **No sale may be made to persons in this offering who are not "accredited investors" if the aggregate purchase price is more than 10% of the greater of such investors' annual income or net worth. The Company is relying on the representations and warranties set forth by each subscriber in this subscription agreement and the other information provided by subscriber in connection with this offering to determine compliance with this requirement.**

 **Prospective investors may not treat the contents of the subscription agreement, the offering circular or any of the other materials available on the Platform (collectively, the "*Offering Materials*") or any prior or subsequent communications from the Company or any of its officers, employees, or agents (including "testing the waters" materials) as investment, legal or tax advice. In making an investment decision, investors must rely on their own examination of the Company and the terms of this offering, including the merits and the risks involved. Each prospective investor should consult the investor's own counsel, accountant, and other professional advisor as to investment, legal, tax and other related matters concerning the investor's proposed investment.**

 **The Company reserves the right in its sole discretion and for any reason whatsoever to modify, amend and/or withdraw all or a portion of the offering and/or accept or reject in whole or in part any prospective investment in the securities or to allot to any prospective investor less than the amount of securities such investor desires to purchase.**

 **Except as otherwise indicated, the Offering Materials speak as of their date. Neither the delivery nor the purchase of the securities shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.**

 ***[Remainder of page left intentionally blank]***

 **SUBSCIPTION AGREEMENT**

This agreement ("***Agreement***") is made as of the date set forth below by and between the undersigned ("***Subscriber***") and Hygienic Dress League Corp., a Delaware corporation (the "***Company***"), and is intended to set forth certain representations, covenants and agreements between Subscriber and the Company with respect to the offering for sale by the Company of shares of its Class B Non-Voting Common Stock under Regulation A of the Securities Act (the "***Offering***") as described in the Company's Offering Circular dated January<u> </u>, 2022 (the "***Offering Circular***"), a copy of which has been delivered to Subscriber. The Shares are also referred to herein as the "***Securities***."

 **RECITALS**

 **WHEREAS**, the Company desires to offer shares of Class B Non-Voting Common Stock (the **"*Shares***"), par value $0.0001 per share on a "*best efforts*" basis pursuant to Regulation A of Section 3(6) of the Securities Act, as amended, pursuant to a Tier 2 offering of Six Hundred Thousand (600,000) Shares of Class B Non-Voting Common Stock of the Company, at a purchase price of $50.00 per Share, for total gross proceeds of up to $30,000,000; and

 **WHEREAS**, the Subscriber desires to acquire that number of Shares as set forth on the signature page hereto at the purchase price set forth herein; and

 **NOW, THEREFORE**, for and in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto do hereby agree as follows:

 **<u>ARTICLE I - SUBSCRIPTION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.01 **Subscription**. Subject to the terms and conditions hereof, Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company the number of Shares set forth on the Subscription Agreement Signature Page, and the Company agrees to sell such Shares to Subscriber at a purchase price of $50.00 per Share for the total amount set forth on the Subscription Agreement Signature Page (the "***Purchase Price***"), subject to the Company's right to sell to Subscriber such lesser number of Shares as the Company may, in its sole discretion, deem necessary or desirable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02 **Delivery of Subscription Amount; Acceptance of Subscription; Delivery of Securities**. Subscriber understands and agrees that this subscription is made subject to the following terms and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) Contemporaneously with the execution and delivery of this Agreement, Subscriber shall pay the Purchase Price for the Shares by check made payable to "Hygienic Dress League Corp.", ACH debit transfer, or wire transfer in accordance with the instructions set forth on Appendix A hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Payment of the Purchase Price shall be received by Hygienic Dress League Corp. or Prime Trust, LLC (the "***Escrow Agent***") from Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) This subscription shall be deemed to be accepted only when this Agreement has been signed by an authorized officer or agent of the Company, and the deposit of the payment of the purchase price for clearance will not be deemed an acceptance of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) The Company shall have the right to reject this subscription, in whole or in part;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e) The payment of the Subscription Amount (or, in the case of rejection of a portion of the Subscriber's subscription, the part of the payment relating to such rejected portion) will be returned promptly, without interest or deduction, if Subscriber's subscription is rejected in whole or in part or if the Offering is withdrawn or canceled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f) Upon the release of Subscriber's Purchase Price to the Company by the Escrow Agent, Subscriber shall receive notice and evidence of the digital entry (or other manner of record) of the number of the Shares owned by Subscriber reflected on the books and records of the Company and verified by the company's transfer agent or legal counsel (the "***Transfer Agent***"), which books and records shall bear a notation that the Shares were sold in reliance upon Regulation A.

 **<u>ARTICLE II - REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER</u>**

By executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person, or persons for whom Subscriber is so purchasing) represents and warrants, which representations and warranties are true and complete in all material respects as of the date of each Closing Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.01 **Requisite Power and Authority**. Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement. All action on Subscriber's part required for the lawful execution and delivery of this Subscription Agreement has been or will be effectively taken prior to the Closing. Upon execution and delivery, this Subscription Agreement will be a valid and binding obligation of Subscriber, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application affecting enforcement of creditors' rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.02 **Investment Representations**. Subscriber understands that the Securities have not been registered under the Securities Act. Subscriber also understands that the Securities are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Subscriber's representations contained in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.03 **Illiquidity and Continued Economic Risk**. Subscriber acknowledges and agrees that there is no ready public market for the Securities and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely and the Company has no obligation to list the Securities on any market or take any steps (including registration under the Securities Act or the Securities Exchange Act of 1934, as amended) with respect to facilitating trading or resale of the Securities. Subscriber acknowledges that Subscriber is able to bear the economic risk of losing Subscriber's entire investment in the Securities. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all of the risk factors relating to the purchase of Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.04 **Accredited Investor Status or Investment Limits**. Subscriber represents that either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) Subscriber is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act. Subscriber represents and warrants that the information set forth in response to question (c) on the Subscription Agreement Signature Page hereto concerning Subscriber is true and correct; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) The Purchase Price set out in paragraph (b) of the Subscription Agreement Signature Page, together with any other amounts previously used to purchase Securities in this offering, does not exceed 10% of the greater of the Subscriber's annual income or net worth. Subscriber represents that to the extent it has any questions with respect to its status as an accredited investor, or the application of the investment limits, it has sought professional advice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.05 **Shareholder Information**. Within five (5) days after receipt of a request from the Company or Prime Trust, LLC, which is acting as an administrative agent for the Company, Subscriber hereby agrees to provide such information with respect to its status as a shareholder (or potential shareholder) and to execute and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is or may become subject, including, without limitation, the need to determine the accredited status of the Company's shareholders. Subscriber further agrees that in the event it transfers any Securities, it will require the transferee of such Securities to agree to provide such information to the Company as a condition of such transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.06 **Company Information**. Subscriber has read the Offering Circular filed with the SEC, including the section titled "Risk Factors." Subscriber understands that the Company is subject to all the risks that apply to early-stage companies, whether or not those risks are explicitly set out in the Offering Circular. Subscriber acknowledges that no representations or warranties have been made to Subscriber, or to Subscriber's advisors or representative, by the Company or others with respect to the business or prospects of the Company or its financial condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.07 **Valuation**. Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company's internal valuation and no warranties are made as to value. Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber's investment will bear a lower valuation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.08 **Domicile**. Subscriber maintains Subscriber's domicile (and is not a transient or temporary resident) at the address shown on the signature page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.09 **No Brokerage Fees**. There are no claims for brokerage commission, finders' fees, or similar compensation in connection with the transactions contemplated by this Subscription Agreement or related documents based on any arrangement or agreement binding upon Subscriber. Subscriber will indemnify and hold the Company harmless against any liability, loss, or expense (including, without limitation, reasonable attorneys' fees, and out-of-pocket expenses) arising in connection with any such claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.10 **Foreign Investors**. If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the *Internal Revenue Code of 1986*, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (a) the legal requirements within its jurisdiction for the purchase of the Securities, (b) any foreign exchange restrictions applicable to such purchase, (c) any governmental or other consents that may need to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber's subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber's jurisdiction.

 **<u>ARTICLE III - SURVIVAL; INDEMNIFICATION</u>**

3.01 **Survival; Indemnification**. All representations, warranties and covenants contained in this Agreement and the indemnification contained herein shall survive (a) the acceptance of this Agreement by the Company, (b) changes in the transactions, documents and instruments described herein which are not material or which are to the benefit of Subscriber, and (c) the death or disability of Subscriber. Subscriber acknowledges the meaning and legal consequences of the representations, warranties, and covenants in Article II hereof and that the Company has relied upon such representations, warranties, and covenants in determining Subscriber's qualification and suitability to purchase the Securities. Subscriber hereby agrees to indemnify, defend, and hold harmless the Company, its officers, directors, employees, agents and controlling persons, from and against any and all losses, claims, damages, liabilities, expenses (including attorneys' fees and disbursements), judgments or amounts paid in settlement of actions arising out of or resulting from the untruth of any representation of Subscriber herein or the breach of any warranty or covenant herein by Subscriber. Notwithstanding the foregoing, however, no representation, warranty, covenant, or acknowledgment made herein by Subscriber shall in any manner be deemed to constitute a waiver of any rights granted to it under the Securities Act or state securities laws.

 **<u>ARTICLE IV - MISCELLANEOUS PROVISIONS</u>**

4.01 **Captions and Headings**. The Article and Section headings throughout this Agreement are for convenience of reference only and shall in no way be deemed to define, limit, or add to any provision of this Agreement.

4.02 **Notification of Changes**. Subscriber agrees and covenants to notify the Company immediately upon the occurrence of any event prior to the consummation of this Offering that would cause any representation, warranty, covenant, or other statement contained in this Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the consummation of this Offering.

4.03 **Assignability**. This Agreement is not assignable by Subscriber, and may not be modified, waived, or terminated except by an instrument in writing signed by the party against whom enforcement of such modification, waiver or termination is sought.

4.04 **Binding Effect**. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives and assigns, and the agreements, representations, warranties, and acknowledgments contained herein shall be deemed to be made by and be binding upon such heirs, executors, administrators, successors, legal representatives, and assigns.

4.05 **Obligations Irrevocable**. The obligations of Subscriber shall be irrevocable, except with the consent of the Company, until the consummation or termination of the Offering.

4.06 **Entire Agreement; Amendment**. This Agreement states the entire agreement and understanding of the parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written. No amendment of the Agreement shall be made without the express written consent of the parties.

4.07 **Severability**. The invalidity or unenforceability of any particular provision of this Agreement shall not affect any other provision hereof, which shall be construed in all respects as if such invalid or unenforceable provision were omitted.

4.08 **Venue; Governing Law**. This Agreement shall be governed by and construed in accordance with the laws of Delaware.

4.09 **Notices**. All notices, requests, demands, consents, and other communications hereunder shall be transmitted in writing and shall be deemed to have been duly given when hand delivered or sent by certified mail, postage prepaid, with return receipt requested, addressed to the parties as follows: to the Company, 405 W. Grand Blvd., Detroit, MI 48216, and to Subscriber, at the address indicated below. Any party may change its address for purposes of this Section by giving notice as provided herein.

4.10 **Counterparts**. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.

 **HYGIENIC DRESS LEAGUE CORP. SUBSCRIPTION AGREEMENT SIGNATURE PAGE**

The undersigned, desiring to purchase shares of Class B Non-Voting Common Stock of Hygienic Dress League Corp., by executing this signature page, hereby executes, adopts, and agrees to all terms, conditions, and representations of the Subscription Agreement.

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| | | | |
|:---|:---|:---|:---|
| **Section 1 - Purchase Amount** | **Section 1 - Purchase Amount** | **Section 1 - Purchase Amount** | **Section 1 - Purchase Amount** |
|  | **Number of Class B Non-Voting Stock Purchased** | **Total Deemed Purchase Price ($50.00 per share)** | **Total Deemed Purchase Price ($50.00 per share)** |
| **Section 2 - Subscriber Information** | **Section 2 - Subscriber Information** | **Section 2 - Subscriber Information** | **Section 2 - Subscriber Information** |
|  | ◻ **Joint** | ◻ **Joint** | ◻ **Corporation/Trust/Other** |
|  | **Full Name of Subscriber** (or joint Subscribers or entity, if applicable) | **Full Name of Subscriber** (or joint Subscribers or entity, if applicable) | **SIN or Business #** |
|  | **Full Name and Title of Authorized Signatory** (if applicable) | **Full Name and Title of Authorized Signatory** (if applicable) | **Email Address** |
|  | **Address For Mailing Purposes** (street, city, province, and postal code) | **Address For Mailing Purposes** (street, city, province, and postal code) | **Address For Mailing Purposes** (street, city, province, and postal code) |
|  | . | . | . |
|  | **Name of Contact Person** (if Subscriber is not an individual): | **Name of Contact Person** (if Subscriber is not an individual): |  |
| **Section 3 - Registration Instructions** | ◻ **Same as Above** | ◻ **Same as Above** | ◻ **Different than Section 2** (as below) |
|  | **Name and Account** (if applicable) | **Name and Account** (if applicable) | **Email Address/Contact Name** |
|  | **Address** (street, city, province, and postal code) | **Address** (street, city, province, and postal code) | **Address** (street, city, province, and postal code) |
| **Section 4 - Registered Plan (√ check one)** | **Section 4 - Registered Plan (√ check one)** | **Section 4 - Registered Plan (√ check one)** | **Section 4 - Registered Plan (√ check one)** |
|  | **For a Subscriber acquiring through a registered plan, specify the type of account**: | **For a Subscriber acquiring through a registered plan, specify the type of account**: | **For a Subscriber acquiring through a registered plan, specify the type of account**: |
|  | ◻ **TFSA** | ◻ **Other**: |  |
| **Section 5 - Qualification for Securities Exemption (√ check one and complete applicable Schedule(s))** | **Section 5 - Qualification for Securities Exemption (√ check one and complete applicable Schedule(s))** | **Section 5 - Qualification for Securities Exemption (√ check one and complete applicable Schedule(s))** | **Section 5 - Qualification for Securities Exemption (√ check one and complete applicable Schedule(s))** |
|  | The Subscriber understands that the Class B Non-Voting Common Stock is being offered on a private placement basis in accordance to applicable exemptions from prospectus requirements under Regulation A Tier II under the United States *Securities and Exchange Act of 1933* and in Canada under the Offering Memorandum Exemption under National Instrument 45-106, and represents and certifies that it is acquiring the Class B Non-Voting Common Stock and qualifies under one of the following categories of eligible investors under Regulation A Tier II, and if applicable, the Offering Memorandum exemption in Canada.  | The Subscriber understands that the Class B Non-Voting Common Stock is being offered on a private placement basis in accordance to applicable exemptions from prospectus requirements under Regulation A Tier II under the United States *Securities and Exchange Act of 1933* and in Canada under the Offering Memorandum Exemption under National Instrument 45-106, and represents and certifies that it is acquiring the Class B Non-Voting Common Stock and qualifies under one of the following categories of eligible investors under Regulation A Tier II, and if applicable, the Offering Memorandum exemption in Canada.  | The Subscriber understands that the Class B Non-Voting Common Stock is being offered on a private placement basis in accordance to applicable exemptions from prospectus requirements under Regulation A Tier II under the United States *Securities and Exchange Act of 1933* and in Canada under the Offering Memorandum Exemption under National Instrument 45-106, and represents and certifies that it is acquiring the Class B Non-Voting Common Stock and qualifies under one of the following categories of eligible investors under Regulation A Tier II, and if applicable, the Offering Memorandum exemption in Canada.  |
|  | Subscriber is an accredited investor (as that term is defined in Regulation D under the Securities Act). The undersigned has checked the appropriate box on the attached Schedule A Certificate of Accredited Investor Status indicating the basis of such accredited investor status, and if resident in Canada, Schedule D - Form 45-106F9 Form for Individual Canadian Accredited Investors. | Subscriber is an accredited investor (as that term is defined in Regulation D under the Securities Act). The undersigned has checked the appropriate box on the attached Schedule A Certificate of Accredited Investor Status indicating the basis of such accredited investor status, and if resident in Canada, Schedule D - Form 45-106F9 Form for Individual Canadian Accredited Investors. | Subscriber is an accredited investor (as that term is defined in Regulation D under the Securities Act). The undersigned has checked the appropriate box on the attached Schedule A Certificate of Accredited Investor Status indicating the basis of such accredited investor status, and if resident in Canada, Schedule D - Form 45-106F9 Form for Individual Canadian Accredited Investors. |

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| | |
|:---|:---|
| ◻ | The amount set forth in paragraph 1 above (together with any previous investments in the Securities pursuant to this offering) does not exceed 10% of the greater of the undersigned's net worth or annual income. |
| ◻ | Subscriber is a resident of Canada other than New Brunswick, Ontario and Quebec, and is purchasing the Securities based on the Offering Memorandum Exemption and has completed the Risk Acknowledgment Form in Schedule B (including, if a resident of Alberta, Nova Scotia or Saskatchewan, Schedules 1 and 2 to Schedule B) and, if resident of Manitoba, Northwest Territories, Nunavut, Prince Edward Island or Yukon and buying more than $10,000 in Units, is an "Eligible Investor" pursuant to paragraph ______ of Schedule C and has completed Schedule C. |

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| | | |
|:---|:---|:---|
| **Section 6 - Subscriber's Signature and Consent (√ check consent and sign)** | **Section 6 - Subscriber's Signature and Consent (√ check consent and sign)** | **Section 6 - Subscriber's Signature and Consent (√ check consent and sign)** |
| ◻ | By executing this Subscription Agreement, the Subscriber is consenting (on his/her own behalf and, if applicable, on behalf of the beneficial purchaser for whom you are contracting), to the collection, use and disclosure of personal information. | By executing this Subscription Agreement, the Subscriber is consenting (on his/her own behalf and, if applicable, on behalf of the beneficial purchaser for whom you are contracting), to the collection, use and disclosure of personal information. |
| **Subscriber Signature** | **Subscriber Signature** | **Witness Signature** |
| <br> **X** | <br> **X** | <br> **X** |
| _______________________________________ | _______________________________________ | ____________________________ |
| **Joint Subscriber Signature (if applicable)** | **Joint Subscriber Signature (if applicable)** | **Witness Name** |
| <br> **X** | <br> **X** |  |
| _______________________________________ | _______________________________________ | _______________________________________ |
| **Section 7 - Acceptance by Dubuc USA** | **Section 7 - Acceptance by Dubuc USA** | **Section 7 - Acceptance by Dubuc USA** |
| This subscription is accepted by: | This subscription is accepted by: | This subscription is accepted by: |
| **Hygienic Dress League Corp.** <br> **** <br>**X**  | **Hygienic Dress League Corp.** <br> **** <br>**X**  |  |
| Per: Steve Coy, President | Per: Steve Coy, President |  |
| **Effective Acceptance Date**: | **Effective Acceptance Date**: |  |

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 **<u>Schedule A</u>**

 **Certificate Of U.S. Accredited Investor Status**

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| | | |
|:---|:---|:---|
| **Accredited Investor's Not Subject to Investment Limits Under Regulation A Tier 2** | **Accredited Investor's Not Subject to Investment Limits Under Regulation A Tier 2** | **Accredited Investor's Not Subject to Investment Limits Under Regulation A Tier 2** |
| You acknowledge that, by qualifying as a U.S. Accredited Investor, you are not subject to investment limits under Regulation A Tier 2. | You acknowledge that, by qualifying as a U.S. Accredited Investor, you are not subject to investment limits under Regulation A Tier 2. | You acknowledge that, by qualifying as a U.S. Accredited Investor, you are not subject to investment limits under Regulation A Tier 2. |
| **You are an *Accredited investor* as that term is defined in Regulation D under the Securities Act of 1933, as amended (the "Act"), because:** | **You are an *Accredited investor* as that term is defined in Regulation D under the Securities Act of 1933, as amended (the "Act"), because:** | **Your initials** |
| **U.S.<br> Accredited<br> Investor** | A bank as defined in Section 3(a)(2) of the Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity; a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; an insurance company as defined in Section 2(a)(13) of the Act; an investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act; a small business investment company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are "accredited investors"; |  |
| **U.S.<br> Accredited<br> Investor** | A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940 |  |
| **U.S.<br> Accredited<br> Investor** | An organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000 |  |
| **U.S.<br> Accredited<br> Investor** | A natural person whose individual net worth, or joint net worth with the undersigned's spouse, excluding the "net value" of his or her primary residence, at the time of this purchase exceeds $1,000,000 and having no reason to believe that net worth will not remain in excess of $1,000,000 for foreseeable future, with "net value" for such purposes being the fair value of the residence less any mortgage indebtedness or other obligation secured by the residence, but subtracting such indebtedness or obligation only if it is a liability already considered in calculating net worth |  |
| **U.S.<br> Accredited<br> Investor** | A natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with the undersigned's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year. |  |
| **U.S.<br> Accredited<br> Investor** | An entity in which all of the equity holders are "accredited investors" by virtue of their meeting one or more of the above standards. |  |
| **U.S.<br> Accredited<br> Investor** | An individual who is a director or executive officer of Hygienic Dress League Corp. |  |
| **4. Your name and signature** | **4. Your name and signature** | **4. Your name and signature** |
| First and last name (please print): | First and last name (please print): | First and last name (please print): |
| Date: | Signature: | Signature: |

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 **<u>Schedule B</u><br> Form 45-106F4 Risk Acknowledgement**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk Acknowledgement <br> ◻I acknowledge that this is a risky investment. <br> ◻I am investing entirely at my own risk. <br> ◻No securities regulatory authority or regulator has evaluated or endorsed the merits of these securities or the disclosure in the offering memorandum. <br> ◻The person selling me these securities is not registered with a securities regulatory authority or regulator and has no duty to tell me whether this investment is suitable for me. <br> ◻I will not be able to sell these securities except in very limited circumstances. I may never be able to sell these securities. <br> ◻I could lose all the money I invest. <br>I am investing $__________ [total consideration] in total; this includes any amount I am obliged to pay in future. Hygienic Dress League Corp. will pay $___________ [amount of fee or commission] of this to _______________ [name of person selling the securities] as a fee or commission. <br>**I acknowledge that this is a risky investment and that I could lose all the money I invest.**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk Acknowledgement <br> ◻I acknowledge that this is a risky investment. <br> ◻I am investing entirely at my own risk. <br> ◻No securities regulatory authority or regulator has evaluated or endorsed the merits of these securities or the disclosure in the offering memorandum. <br> ◻The person selling me these securities is not registered with a securities regulatory authority or regulator and has no duty to tell me whether this investment is suitable for me. <br> ◻I will not be able to sell these securities except in very limited circumstances. I may never be able to sell these securities. <br> ◻I could lose all the money I invest. <br>I am investing $__________ [total consideration] in total; this includes any amount I am obliged to pay in future. Hygienic Dress League Corp. will pay $___________ [amount of fee or commission] of this to _______________ [name of person selling the securities] as a fee or commission. <br>**I acknowledge that this is a risky investment and that I could lose all the money I invest.**  | **WARNING** |
| Date | Signature of Purchaser |  |
| Print name of Purchaser |  |  |
| Sign 2 copies of this document. Keep one copy for your records. | Sign 2 copies of this document. Keep one copy for your records. |  |

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 **You have 2 business days to cancel your purchase**

To do so, send a notice to Hygienic Dress League Corp. stating that you want to cancel your purchase. You must send the notice before midnight on the 2<sup>nd</sup> business day after you sign the agreement to purchase the securities.

You can send the notice by fax or email or deliver it in person to Hygienic Dress League Corp. at its business address. Keep a copy of the notice for your records.

Hygienic Dress League Corp.

405 W. Grand Blvd.

Detroit, MI 48216

Contact: Steve Coy, President

E. steve@hdlcorp.io

  ****

 ***[Instruction: The purchaser must sign 2 copies of this form. The purchaser and the issuer must each receive a signed copy.]***

 **You are buying Exempt Market Securities.**

They are called *exempt market securities* because two parts of securities law do not apply to them. If an issuer wants to sell *exempt market securities* to you: (1) the issuer does not have to give you a prospectus (a document that describes the investment in detail and gives you some legal protections), and (2) the securities do not have to be sold by an investment dealer registered with a securities regulatory authority or regulator.

There are restrictions on your ability to resell *exempt market securities*. *Exempt market securities* are more risky than other securities.

 **You will receive an offering memorandum.**

Read the offering memorandum carefully because it has important information about the issuer and its securities. Keep the offering memorandum because you have rights based on it. Talk to a lawyer for details about these rights.

 **You will not receive advice.**

You will not get professional advice about whether the investment is suitable for you. But you can still seek that advice from a registered adviser or registered dealer. In Manitoba, Northwest Territories, Nunavut, Prince Edward Island and Yukon to qualify as an eligible investor, you may be required to obtain that advice.

 **The securities you are buying are not listed.**

The securities you are buying are not listed on any stock exchange, and they may never be listed. You may never be able to sell these securities.

 **The issuer of your securities is a non-reporting issuer.**

A *non-reporting issuer* does not have to publish financial information or notify the public of changes in its business. You may not receive ongoing information about this issuer.

For more information on the exempt market, call your local securities regulatory authority or regulator.

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| | | |
|:---|:---|:---|
| **British Columbia Securities Commission** <br> **Phone: 604 899-6500**<br> **Fax: 604 899-6506**<br> **www.bcsc.bc.ca** | **Alberta Securities Commission** <br> **Phone: 403 297-6454**<br> **Fax: 403 297-6156**<br> **www.albertasecurities.com** | **New Brunswick Securities Commission** <br> **Phone: 506 658-3060**<br> **Fax: 506 658-3059**<br> **www.nbsc-cvm n b.ca** |
| **Manitoba Securities Commission** <br> **Phone: 204 945-2548**<br> **Fax: 204 945-0330**<br> **www.msc.gov.mb.ca** | **Ontario Securities Commission** <br> **Phone: 416 593-8314**<br> **Fax: 416 593-8177**<br> **www.osc.gov.on.ca** | **Nova Scotia Securities Commission** <br> **Phone: 902 424-7768**<br> **Fax: 902 424-4625**<br> **www.gov.ns.ca** |
| **Saskatchewan Financial Services Commission, Securities Division** <br> **Phone: 306 787-5645**<br> **Fax: 306 787-5899**<br> **www.sfsc.gov.sk.ca** | **Securities Commission of Newfoundland and Labrador** <br> **Phone: 709 873-7490**<br> **Fax: 709 729-6187**<br> **www.gov.nl.ca** | **Prince Edward Island Securities Office** <br> **Phone: 902 368-4550**<br> **Fax: 902 368-5283**<br> **www.gov.pe.ca** |
| **Department of Justice, Northwest Territories Securities Registry** <br> **Phone: 867 873-7490**<br> **Fax: 867 873-0243**<br> **www.justice.gov.nt.ca** | **Yukon Registrar of Securities** <br> **Phone: 867 667-5314**<br> **Fax: 867 393-6251**<br> **www.gov.yk.ca** | **Department of Justice, Nunavut Legal Registries Division** <br> **Phone: 867 975-6190**<br> **Fax: 867 975-6194**<br> **www.gov.nu.ca** |
| **Authorite Des Marches Financiers** <br> **Phone: 418 525-0337**<br> **Fax: 418 525-9512**<br> **www.lautorite.qc.ca** |  |  |

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  ****

 **<u>Schedule 1 (To Schedule B)</u>**

 ***Classification of Investors Under the Offering Memorandum Exemption***

  ****

 **Instructions:** This schedule must be completed together with the Risk Acknowledgement Form and Schedule 2 by individuals purchasing securities under the exemption (the offering memorandum exemption) in subsection 2.9(2.1) of National Instrument 45-106 *Prospectus Exemptions* (NI 45-106) in Alberta, New Brunswick, Nova Scotia, Ontario, Québec, and Saskatchewan.

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| |
|:---|
| **How you qualify to buy securities under the offering memorandum exemption** |
| Initial the statement under A, B, C or D containing the criteria that applies to you. (You may initial more than one statement.) If you initial a statement under B or C, you are not required to complete A. |

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| | | |
|:---|:---|:---|
| **A. You are an eligible investor because:** | **A. You are an eligible investor because:** | **Your<br> initials** |
| **Eligible<br> Investor** | Your net income before taxes was more than $75,000 in each of the 2 most recent calendar years, and you expect it to be more than $75,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Eligible<br> Investor** | Your net income before taxes combined with your spouse's was more than $125,000 in each of the 2 most recent calendar years, and you expect your combined net income to be more than $125,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Eligible<br> Investor** | Either alone or with your spouse, you have net assets worth more than $400,000. (Your net assets are your total assets, including real estate, minus your total debt including any mortgage on your property.) |  |

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| | | |
|:---|:---|:---|
| **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106 or, as applicable in Ontario, subsection 7.3(3) of the *Securities Act* (Ontario), because:** | **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106 or, as applicable in Ontario, subsection 7.3(3) of the *Securities Act* (Ontario), because:** | **Your** <br> **initials**  |
| **Accredited<br> Investor** | Your net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and you expect it to be more than $200,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Accredited<br> Investor** | Your net income before taxes combined with your spouse's was more than $300,000 in each of the 2 most recent calendar years, and you expect your combined net income before taxes to be more than $300,000 in the current calendar year. |  |
| **Accredited<br> Investor** | Either alone or with your spouse, you own more than $1 million in cash and securities, after subtracting any debt related to the cash and securities. |  |
| **Accredited<br> Investor** | Either alone or with your spouse, you have net assets worth more than $5 million. (Your net assets are your total assets (including real estate) minus your total debt.) |  |

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| | | |
|:---|:---|:---|
| **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106, because:** | **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106, because:** | **Your<br> initials** |
| **Family, Friends and Business Associates** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; You are: <br> *1) [check all applicable boxes]* <br> ◻a director of the issuer or an affiliate of the issuer <br> ◻an executive officer of the issuer or an affiliate of the issuer <br> ◻a control person of the issuer or an affiliate of the issuer <br> ◻a founder of the issuer <br> OR <br> *2) [check all applicable boxes]* <br> ◻a person of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, (i) individuals listed in (1) above and/or (ii) family members, close personal friends or close business associates of individuals listed in (1) above <br> ◻a trust or estate of which all of the beneficiaries or a majority of the trustees or executors are (i) individuals listed in (1) above and/or (ii) family members, close personal friends or close business associates of individuals listed in (1) above  |  |
| **Family, Friends and Business Associates** | You are a family member of ____________________________________ *[Instruction: Insert the name of the person who is your relative either directly or through his or her spouse]*, who holds the following position at the issuer or an affiliate of the issuer: _______________________________. <br> You are the ____________________________of that person or that person's spouse. *[Instruction: To qualify for this investment, you must be (a) the spouse of the person listed above or (b) the parent, grandparent, brother, sister, child, or grandchild of that person or that person's spouse.]*  |  |
| **Family, Friends and Business Associates** | You are a close personal friend of _______________________________ *[Instruction: Insert the name of your close personal friend]*, who holds the following position at the issuer or an affiliate of the issuer: _______________________________. <br> You have known that person for _____ years.  |  |
| **Family, Friends and Business Associates** | You are a close business associate of ____________________________ *[Instruction: Insert the name of your close business associate]*, who holds the following position at the issuer or an affiliate of the issuer: ____________________________. <br> You have known that person for _____ years.  |  |

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| | | |
|:---|:---|:---|
| **D. You are not an eligible investor.** | **D. You are not an eligible investor.** | **Your<br> initials** |
| **Not an<br> Eligible<br> Investor** | You acknowledge that you are not an eligible investor. | |

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| | |
|:---|:---|
| **E. Your name and signature** | **E. Your name and signature** |
| First and last name (please print): | First and last name (please print): |
| Signature: | Date: |

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 **<u>Schedule 2 (To Schedule B)</u>**

 ***Investment Limits for Investors Under the Offering Memorandum Exemption***

  ****

 **Instructions:** This schedule must be completed together with the Risk Acknowledgement Form by individuals purchasing securities under the exemption (the offering memorandum exemption) in subsection 2.9(2.1) of National Instrument 45-106 *Prospectus Exemptions* (NI 45-106) in Manitoba, Northwest Territories, Nunavut, Prince Edward Island or Yukon who are not Accredited Investors and are not non-individuals purchasing more than CDN$10,000 but less than CDN $150,000 in Shares.

Initial one of the following statements:

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| | | |
|:---|:---|:---|
| **A. You are an eligible investor because:** | **A. You are an eligible investor because:** | **Your<br> initials** |
| **Eligible <br> Investor** | Your net income before taxes was more than $75,000 in each of the 2 most recent calendar years, and you expect it to be more than $75,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Eligible <br> Investor** | Your net income before taxes combined with your spouse's was more than $125,000 in each of the 2 most recent calendar years, and you expect your combined net income to be more than $125,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Eligible <br> Investor** | Either alone or with your spouse, you have net assets worth more than $400,000. (Your net assets are your total assets, including real estate, minus your total debt including any mortgage on your property.) |  |

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| | | |
|:---|:---|:---|
| **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106 or, as applicable in Ontario, subsection 7.3(3) of the *Securities Act* (Ontario).** | **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106 or, as applicable in Ontario, subsection 7.3(3) of the *Securities Act* (Ontario).** | **Your<br> initials** |
| **Accredited <br> Investor** | You acknowledge that, by qualifying as an eligible investor as a person described in section 2.3 [*Accredited investor*], you are not subject to investment limits. |  |

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| | | |
|:---|:---|:---|
| **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106.** | **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106.** | **Your<br> initials** |
| **Family, <br> Friends and <br> Business <br> Associates** | You acknowledge that, by qualifying as an eligible investor as a person described in section 2.5 [*Family, friends, and business associates*], you are not subject to investment limits. |  |

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| | | |
|:---|:---|:---|
| **D. You are not an eligible investor.** | **D. You are not an eligible investor.** | **Your<br> initials** |
| **Not an <br> Eligible <br> Investor** | You acknowledge that you cannot invest more than **$10,000** in all offering memorandum exemption investments made in the previous 12 months. <br> You confirm that, after considering your investment of $__________ today in this issuer, you have not exceeded your investment limit of $10,000 in all offering memorandum exemption investments made in the previous 12 months.  |  |

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| | |
|:---|:---|
| **E. Your name and signature** | **E. Your name and signature** |
| First and last name (please print): | First and last name (please print): |
| Signature: | Date: |

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| | |
|:---|:---|
| **SECTION 2 TO BE COMPLETED BY THE REGISTRANT** | **SECTION 2 TO BE COMPLETED BY THE REGISTRANT** |
| **2. Registrant information** | **2. Registrant information** |
| [*Instruction: this section must only be completed if an investor has received advice from a portfolio manager, investment dealer or exempt market dealer concerning his or her investment.]* | [*Instruction: this section must only be completed if an investor has received advice from a portfolio manager, investment dealer or exempt market dealer concerning his or her investment.]* |
| First and last name of registrant (please print): | First and last name of registrant (please print): |
| Registered as: <br> [*Instruction: indicate whether registered as a dealing representative or advising representative*]  | Registered as: <br> [*Instruction: indicate whether registered as a dealing representative or advising representative*]  |
| Telephone: | Email: |
| Name of firm: <br> [*Instruction: indicate whether registered as an exempt market dealer, investment dealer or portfolio manager.*]  | Name of firm: <br> [*Instruction: indicate whether registered as an exempt market dealer, investment dealer or portfolio manager.*]  |
| Date: | Date: |

---

 **<u>Schedule C</u>**

 ***Declaration of Eligible Investors Under the Offering Memorandum Exemption***

  ****

 **Instructions:** This schedule must be completed together with the Risk Acknowledgement Form and Schedule 2 by individuals purchasing securities under the exemption (the offering memorandum exemption) in subsection 2.9(2.1) of National Instrument 45-106 *Prospectus Exemptions* (NI 45-106) in Alberta, New Brunswick, Nova Scotia, Ontario, Québec, and Saskatchewan.

---

| |
|:---|
| **How you qualify to buy securities under the offering memorandum exemption** |
| Initial the statement under A, B, C or D containing the criteria that applies to you. (You may initial more than one statement.) If you initial a statement under B or C, you are not required to complete A. |

---

---

| | | |
|:---|:---|:---|
| **A. You are an eligible investor.** | **A. You are an eligible investor.** | **Your<br> initials** |
| **Eligible<br> Investor** | You confirm you are a person whose net assets, alone or with a spouse, in the case of an individual, exceeds CDN$400,000. |  |
| **Eligible<br> Investor** | You confirm your net income before taxes exceeded CDN$75,000 in each of the two most recent calendar years and you reasonably expect to exceed that income level in the current calendar year, |  |
| **Eligible<br> Investor** | You confirm your net income before taxes, alone or with your spouse, in the case of an individual, exceeded CDN$125,000 in each of the two most recent calendar years and you reasonably expect to exceed that income level in the current calendar year |  |
| **Eligible<br> Investor** | You confirm you are a person of which a majority of the voting securities are beneficially owned by Eligible Investors, or a majority of the directors are eligible investors. |  |
| **Eligible<br> Investor** | You confirm you are a General Partner in which all of the partners are Eligible Investors. |  |
| **Eligible<br> Investor** | You confirm you are a limited partnership in which the majority of the General Partner are Eligible Investors. |  |
| **Eligible<br> Investor** | You confirm you are a trust or estate in which all of the beneficiaries or a majority of the trustees or executors are Eligible Investors. |  |
| **Eligible<br> Investor** | You confirm that, after considering your investment of $__________ today in this issuer, you have not exceeded your investment limit of $30,000 in all offering memorandum exemption investments made in the previous 12 months. |  |
| **Eligible<br> Investor** | You confirm that you received advice from a portfolio manager, investment dealer or exempt market dealer, as identified in section 2 of this schedule that the following investment is suitable. <br> You confirm that, after considering your investment of $__________today in this issuer, you have not exceeded your investment limit in all offering memorandum exemption investments made in the previous 12 months of $100,000.  |  |

---

---

| | | |
|:---|:---|:---|
| **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106, because:** | **B. You are an eligible investor, as a person described in section 2.3 [*Accredited investor*] of NI 45-106, because:** | **Your<br> initials** |
| **Accredited<br> Investor** | Your net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and you expect it to be more than $200,000 in this calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| **Accredited<br> Investor** | Your net income before taxes combined with your spouse's was more than $300,000 in each of the 2 most recent calendar years, and you expect your combined net income before taxes to be more than $300,000 in the current calendar year. |  |
| **Accredited<br> Investor** | Either alone or with your spouse, you own more than $1 million in cash and securities, after subtracting any debt related to the cash and securities. |  |
| **Accredited<br> Investor** | Either alone or with your spouse, you have net assets worth more than $5 million. (Your net assets are your total assets (including real estate) minus your total debt.) |  |

---

---

| | | |
|:---|:---|:---|
| **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106.** | **C. You are an eligible investor, as a person described in section 2.5 [*Family, friends, and business associates*] of NI 45-106.** | **Your<br> initials** |
| **Family, <br> Friends and <br> Business <br> Associates** | You acknowledge that, by qualifying as an eligible investor as a person described in section 2.5 [*Family, friends, and business associates*], you are not subject to investment limits. |  |

---

---

| | | |
|:---|:---|:---|
| **D. You obtained suitability advice from an eligible advisor.** | **D. You obtained suitability advice from an eligible advisor.** | **Your<br> initials** |
| **Suitability <br> Advice** | You have obtained advice regarding the suitability of the investment and that advice has been obtained from an eligibility adviser. An "eligibility adviser" means: <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) a person that is registered as an investment dealer and authorized to give advice with respect to the type of security being distributed, and <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) in Saskatchewan or Manitoba, also means a lawyer who is a practicing member in good standing with a law society of a jurisdiction of Canada or a public accountant who is a member in good standing of an institute or association of chartered accountants, certified general accountants, or certified management accountants in a jurisdiction of Canada provided that the lawyer or public accountant must not: <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) have a professional, business, or personal relationship with the issuer, or any of its directors, executive officers, founders, or control persons, and <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii) have acted for or been retained personally or otherwise as an employee, executive officer, director, associate, or partner of a person that has acted for or been retained by the issuer or any of its directors, executive officers, founders, or control persons within the previous 12 months.  |  |

---

---

| | | |
|:---|:---|:---|
| **E. You are not an eligible investor.** | **E. You are not an eligible investor.** | **Your<br> initials** |
| **Not an <br> Eligible <br> Investor** | You acknowledge that you cannot invest more than **$10,000** in all offering memorandum exemption investments made in the previous 12 months. <br> You confirm that, after considering your investment of $__________ today in this issuer, you have not exceeded your investment limit of $10,000 in all offering memorandum exemption investments made in the previous 12 months.  |  |

---

---

| | |
|:---|:---|
| **F. Your name and signature** | **F. Your name and signature** |
| First and last name (please print): | First and last name (please print): |
| Signature: | Date: |

---

 **Form 45-106F9<br> Form for Individual Canadian Accredited Investors**

---

| | |
|:---|:---|
| **WARNING!** <br> **<br> This investment is risky. Do not invest unless you can afford to<br> lose all the money you pay for this investment.**  | **WARNING!** <br> **<br> This investment is risky. Do not invest unless you can afford to<br> lose all the money you pay for this investment.**  |
| **SECTION 1 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER**  | **SECTION 1 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER**  |
| **1. About your investment**  | **1. About your investment**  |
| Type of securities: **Class B Non-Voting Common Stock** | Issuer: **Hygienic Dress League Corp**. <br>|
| Purchased from: **Hygienic Dress League Corp.**  | Purchased from: **Hygienic Dress League Corp.**  |
| **SECTIONS 2 TO 4 TO BE COMPLETED BY THE PURCHASER**  | **SECTIONS 2 TO 4 TO BE COMPLETED BY THE PURCHASER**  |
| **2. Risk acknowledgement**  | **2. Risk acknowledgement**  |

---

---

| | |
|:---|:---|
| This investment is risky. Initial that you understand that: <br>| **Your initials** |
| **Risk of loss** - You could lose your entire investment of $<u> </u>. *[Instruction: Insert the total dollar amount of the investment.]* <br>| |
| **Liquidity risk** - You may not be able to sell your investment quickly - or at all. <br>| |
| **Lack of information** - You may receive little or no information about your investment. <br>| |
| **Lack of advice** - You will not receive advice from the salesperson about whether this investment is suitable for you unless the salesperson is registered. The salesperson is the person who meets with, or provides information to, you about making this investment. To check whether the salesperson is registered, go to www.aretheyregistered.ca. |  |

---

**3. Accredited investor status**<br>

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; You must meet at least **one** of the following criteria to be able to make this investment. Initial the statement that applies to you. (You may initial more than one statement.) The person identified in section 6 is responsible for ensuring that you meet the definition of accredited investor. That person, or the salesperson identified in section 5, can help you if you have questions about whether you meet these criteria. | **Your initials** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and you expect it to be more than $200,000 in the current calendar year. (You can find your net income before taxes on your personal income tax return.) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your net income before taxes combined with your spouse's was more than $300,000 in each of the 2 most recent calendar years, and you expect your combined net income before taxes to be more than $300,000 in the current calendar year. |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Either alone or with your spouse, you own more than $1 million in cash and securities, after subtracting any debt related to the cash and securities. |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Either alone or with your spouse, you have net assets worth more than $5 million. (Your net assets are your total assets (including real estate) minus your total debt.) |  |

---

---

| | |
|:---|:---|
| **4. Your name and signature**  | **4. Your name and signature**  |
| By signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified in this form.  | By signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified in this form.  |
| First and last name (please print):  | First and last name (please print):  |
| Signature: <br>| Date: |

---

---

| |
|:---|
| **SECTION 5 TO BE COMPLETED BY THE SALESPERSON** <br>|
| **5. Salesperson information** <br>|
| *[Instruction: The salesperson is the person who meets with, or provides information to, the purchaser with respect to making this investment. That could include a representative of the issuer or selling security holder, a registrant or a person who is exempt from the registration requirement.]* <br>|
| First and last name of salesperson (please print): |

---

  <br> Telephone: Email: <br>

---

| |
|:---|
| Name of firm (if registered): <br>|
| **SECTION 6 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER** <br>|
| **6. For more information about this investment** <br>|
| Hygienic Dress League Corp. <br> 405 W. Grand Blvd. <br> Detroit, MI 48216 <br> Contact: Steve Coy, CEO <br> E. steve@hdlcorp.io <br> **For more information about prospectus exemptions, contact your local securities regulator. You can find contact information at www.securities-administrators.ca.** <br>|

---

 ***Form instructions****:*

 *1. This form does not mandate the use of a specific font size or style, but the font must be legible.*

 *2. The information in sections 1, 5 and 6 must be completed before the purchaser completes and signs the form.*

 ***3. THE PURCHASER MUST SIGN THIS FORM. EACH OF THE PURCHASER AND THE ISSUER OR SELLING SECURITY HOLDER MUST RECEIVE A COPY OF THIS FORM SIGNED BY THE PURCHASER. THE ISSUER OR SELLING SECURITY HOLDER IS REQUIRED TO KEEP A COPY OF THIS FORM FOR 8 YEARS AFTER THE DISTRIBUTION.***

## Ex1A-5

**Exhibit 1A-6.1**

![](ex1a61-001.jpg)

NFT DROP MARKETING AGREEMENTThisEngagementAgreement(this"Agreement")ismadeandenteredintoasofthedate?rstsignedbelow, byNon-Fungible Token (NFT) Limited ("The Company/NFTU")Address2 Sherbourne St, Prestwich, Manchester M25 3BBCityManchesterCountryUnited Kingdomand;Dated :1.De?nitions of "Services"1.1.DropStrategy-NFTUwillendeavourtopromotetheNFTdropsasmuchaspossibleusinganumberofstrategiesfromorganicandcontentmarketing,digitalPRandcommunitybuilding.TheintentwillbetoprimarilycreatepublicityfortheNFTdropandsecondarily the Client's brand. The aim is to sell as many collectable NFTs as possible1.2.AssistancewithOrganicsocialManagement-NFTUwillhelpinmanagementoftheClient's social accounts, providing organic content in keeping with the Client's tone of voice1.2.1.NFTU will use visuals provided by The Client where applicable and advise on creation1.2.2.Wewillpostacrossallrelevantplatforms,aswellasengagingwithcommentsandother relevant content.1.2.3.Wewillalsoendeavourtoengageandinteractwherenecessaryinordertohelpsocial growth.1.2.4.NFTUwillendeavourtoreachouttoin?uencersandrunothersocialoutreachprogrammes where necessary1.2.5.NFTUwillwriteandsendpressacrosstraditionalandcryptonewssourceswhereapplicable2.Acknowledgements2.1.NFTUisnotresponsibleforchangesmadetothewebsite,platform,oranyotherassetcontrolledbyTheClientoranyotherthirdpartiesthatadverselyaffecttheNFTU'sserviceoffering.Non-Fungible Token (NFTU) Limited, 2 Sherbourne Street,Prestwich, Manchester, M25 3BBhttps://nftu.io/-hi@nftu.io

![](ex1a61-002.jpg)

2.2.TheClientacknowledgesandagreesthatNFTUmayprovidesimilarservicestootherbusinessesincludingthoseinthesameorsimilarlineofbusinessasTheClientand,althoughNFTUiswillingtosignanon-disclosureagreementforTheClientspeci?cally,similar concepts may be implemented for potential competitors.2.3.InnoeventshallNFTUoritsagentsbeliabletoTheClientforanydamages,whetherdirect,indirect,consequential,exemplary,punitiveorotherwise,arisingoutofanyserviceprovidedorarrangedbyNFTU.NFTUshallnotbeliableforanyerror,omission,defectorde?ciencyinanyserviceorsolution,whichmayresultfrom,butnotexclusiveto,TheClient'sfailure to provide complete, accurate and current information to NFTU.2.4.UndernocircumstancesshallNFTUbeliabletoTheClientforanynetworkinterruptionsbeyondNFTU'scontrol,includingwithoutlimitation,anydowntimeregardingservers or interruption of any other service or platform The Client communicates from.3.Copyright Warranty Agreement TermsThe Client represents and warrants that:3.1.theuse,ascontemplatedbythisAgreement,ofthematerialsuppliedbyTheClientshallnotinfringeanycopyright,trademark,tradesecretorotherthirdpartyproprietaryright;3.1.1.there is no impediment to The Client's performance of its obligations hereunder.3.2.TheClientgrantsNFTUunlimitedlicensetouseallitemsdescribedherein,inallInternetformatsnowknownordevisedinthedurationofthisAgreement.NFTUalsowarrantsthatTheClientnamedherein,willsaveandholdharmlessNFTU,itsagents,suppliersoraf?liatesfromanyandallcopyrightinfringementjudgmentsresultingfromthe unlawful use of images and property listed.4.Con?dentialityNFTUwillnotdisclosetoanythirdparty,anyknowledgeorinformationimpartedtoorobtainedbyitduringorinconnectionwiththeful?lmentofthisAgreement,whichisofasecretorcon?dentialnaturerelatingtothebusiness,equipment,processesrelatingtotheequipment,theproducts,services,processorbusinessstrategiesofferedoremployedbytheClient.Thisobligationofcon?dencewillceasetoapplyinrelationtoinformationthatNFTUisrequiredtodisclosebyanylaw,orwhichbecomespartofthepublicdomainotherthanastheresultofabreachbyNFTUofitsobligationsofcon?denceunderthisAgreement.Non-Fungible Token (NFTU) Limited, 2 Sherbourne Street,Prestwich, Manchester, M25 3BBhttps://nftu.io/-hi@nftu.io

![](ex1a61-003.jpg)

5. Term and Notice5.1.The Client shall pay for all services in this Agreement.5.2.TheClientunderstandsthatservicesmaybesuspendedorterminateduponnon-payment.5.3.TheClientunderstandsthatNFTUisaVATregisteredcompanyandVATwillbeapplicable if The Client trades in the UK.5.4.Requested services are as follows:5.4.1.Dropstrategy,marketingservices,Organicsocialmediamanagementandpaidmedia buying5.4.1.1.ThisagreementstartsfromtheXXXXandwilllastforaperiodofXcalendarmonths5.4.1.2.TheagreedvalueofXXXwillbepaidowedimmediatelyonstartdate.Eachmonth will have a minimum allocated of XXX in paid marketing budget.5.4.1.3.AgreedsalescommissionswillbepaidtoNFTUwhenevertheprojectlaunches-feeofx%onallsalestobepaidoutwithin48hoursreceiptofsalefunds.The amount shall be calculated on ?nal sale price and ETHER or USD-Thisaccountsforthesaleperiodonprimarysalesforthedurationofthiscontract-twocalendarmonths.NFTUwillnottakecommissionfromanysecondary sales-Agreed allocation of XX NFTS to NFTU wallet on launch of collection6.MISCELLANEOUS6.1.ThisAgreementconstitutestheentireagreementandunderstandingofthepartiesandsupersedesallprioragreements,understandingsorarrangements(bothoralandwritten) relating to the subject matter of this Agreement.6.2.EachofthepartiesacknowledgesthatinenteringintothisAgreementonthetermssetouthereinithasnotreliedonorbeeninducedtoenterintothisAgreementbyanyrepresentation,warranty,undertaking,promiseorassurancemadeorgivenbyanyotherpartyoranyotherperson,whetherornotinwriting,atanytimepriortotheexecutionofthisAgreementotherthanthoseexpresslysetoutinthisAgreementoranyapplicableStatement of Work.6.3.IfanypartofanyprovisionofthisAgreementshallbeinvalidorunenforceable,thentheremainderofsuchprovisionandallotherprovisionsofthisAgreementshallremainvalid and enforceable.Non-Fungible Token (NFTU) Limited, 2 Sherbourne Street,Prestwich, Manchester, M25 3BBhttps://nftu.io/-hi@nftu.io

![](ex1a61-004.jpg)

6.4.NoamendmentorvariationofthetermsofthisAgreementshallbeeffectiveorvalidunless it is made in a written document signed by both Parties.6.5.Nodelayinexercisingornon-exercisebyeitherpartyofanyofitsrightsunderorinconnectionwiththisAgreementshalloperateasawaiverorreleaseofthatright.AnywaiverofanybreachofanytermofthisAgreementshallbeinwritingforittobeeffectiveandnowaiver shall be construed as a waiver of any subsequent breach of this Agreement.6.6.NothinginthisAgreementoranydocumentreferredtoinitoranyarrangementcontemplatedbyitshallbeconstruedascreatingapartnershipbetweenthepartiesforanypurposewhatsoeverandneitherpartyshallhavethepowerorauthoritytobindtheotherparty or impose any obligations on it to the bene?t of any third party.6.7.ThisAgreementshallbegovernedbyandconstruedinaccordancewiththelawsofthe United Kingdom.6.8.APartyisnotentitledtotransferhisrightsaccordingtothisAgreementand/oranypartthereof,norisheallowedtotransferorassigntoanotheranyright,obligationgivenand/orincumbentuponhimbyreasonofthisAgreement,exceptunderawrittenconsentoftheother Party given in advance.6.9.Inanyandallmattersconnectedwith,arisingfromorrelatedtothisAgreementandtheperformance thereof parties shall use the English language.INWITNESSWHEREOF,thepartiesherebyagreeandaccepttheforegoingtermsandprovisionsofthisAgreementandhaveexecutedthisAgreementontherespectivedatesshownbytheirsignatures.For and on behalf ofNon-Fungible Token (NFT) LimitedName:Date:For and on behalf ofXXXNameDate:Non-Fungible Token (NFTU) Limited, 2 Sherbourne Street,Prestwich, Manchester, M25 3BBhttps://nftu.io/-hi@nftu.io

## Ex1A-6

**Exhibit 1A-6.2**

 **<u>Platform Services, Transfer Agent and Registrar Agreement</u>** 

This PLATFORM SERVICES, TRANSFER AGENT AND REGISTRAR AGREEMENT, including all exhibits hereto ("**Agreement**") is made and entered into as of September, 2021 ("**Effective Date**"), and is by and between Securitize LLC, a Delaware limited liability company with offices at 100 Pine Street, Suite 1250, San Francisco, CA 94111 94111 ("**Securitize**") and Hygienic Dress League Corp., a Delaware corporation with offices at 405 West Grand Blvd. Detroit, MI 48216 (the "**Issuer**"), each a "**Party**", together the "**Parties**".

 **RECITALS**

 **WHEREAS**, the Issuer desires that certain services be provided by Securitize with regard to the issuance, transfer and registration of certain Securities (as defined below) of Issuer;

 **WHEREAS**, Securitize is engaged in the business of providing technological and transfer agent services for issuers of securities and seeks to provide such services to Issuer; and

 **WHEREAS**, the Parties desire to set forth the terms and conditions for the provision of services by Securitize to Issuer.

 **NOW THEREFORE**, in consideration of the terms and conditions set forth below and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows:

 **TERMS AND CONDITIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. DEFINITIONS .
 For purposes of this Agreement, each capitalized word or phrase listed below shall have the
 meaning designated:

"**Affiliate**" of a Party means a business entity that directly or indirectly controls, is controlled by, or is under common control with, such Party. For purposes of this definition, "Control" (including, with correlative meaning, the term "Controlled by"), as used with respect to any entity, means the direct or indirect ownership of more than fifty percent (50%) of the voting stock, or more than fifty percent (50%) of the voting power at general meetings, or the power to appoint and dismiss a majority of the board of directors or otherwise to direct the activities, of such entity. Unless otherwise specified in this Agreement, the term "Affiliate" includes current and future Affiliates of a Party.

"**Applicable Law**" means all US state and federal laws, rules or regulations applicable to the provision of the Services; provided that, Applicable Law does not include Offering Laws.

"**Authorized Participants**" has the meaning described in <u>Section 7.2</u>.

"**Authorized User"** means a natural person who is an employee, agent, or contractor of Issuer or Issuer's Affiliates who has been authorized by Issuer to access and use the Platform or other Services of Securitize under this Agreement solely for the benefit of Issuer.

"**Company Offering**" has the meaning described in <u>Section 7.2</u>.

"**Confidential Information**" has the meaning described in <u>Section 10.1</u>.

"**Exchange Act**" means the Securities Exchange Act of 1934, as amended.

"**Harmful Code**" has the meaning described in <u>Section 7.5.2</u>.

"**Intellectual Property Rights**" means all tangible and intangible rights associated with works of authorship throughout the world, including but not limited to, copyrights, moral rights, and mask works; trademarks and trade name rights and similar rights; trade secret rights; patents, designs, algorithms, and other legally protectable intellectual or industrial property rights (of every kind and nature throughout the world and however designated); and all registrations, initial applications, renewals, extensions, continuations, divisions, or reissues now or hereafter in force (including any rights in the foregoing) anywhere in the world, that exist as of the Effective Date or hereafter come into existence, regardless of whether or not such rights have been registered with the appropriate authorities in such jurisdictions in accordance with the relevant legislation.

"**Issuer Data**" means all electronic data or information submitted by or on behalf of Issuer to the Platform whether included in the Issuer Smart Contract or otherwise, including any data or information submitted by Authorized Participants; provided, however, that Issuer Data shall not include any information submitted by Authorized Participants that registered on the Platform utilizing Securitize's "Securitize ID" Product, which shall be proprietary to Securitize and governed by existing agreements between Securitize and such Authorized Participants.

"**Issuer Due Diligence Information**" means information provided by Issuer to Securitize, either before or after the Effective Date, for the purposes of Securitize's evaluation of Issuer's suitability as a party to this Agreement.

"**Issuer Intellectual Property Rights**" means the Intellectual Property Rights over Issuer Data, Issuer Instructions, Issuer Materials, the Issuer Smart Contract (other than the Securitize Intellectual Property contained therein) and Feedback, as well as any other Intellectual Property Rights held by Issuer prior to the date hereof.

"**Issuer Materials**" has the meaning defined under <u>Section 6.</u>

"**Joinder Agreement**" means the Joinder Agreement to this Agreement, the form of which is included herein as <u>Exhibit E</u>, to be entered into among the Parties and any Affiliate of the Issuer that may issue Securities.

"**Offering Laws**" means the laws governing the offering and sale or issuance of Securities in each jurisdiction where Issuer is offering and selling or issuing Securities, and the laws governing the Issuer Smart Contract, its performance the interpretation thereof.

"**Order Form**" means the order form agreed between the Parties in substantially similar form as <u>Exhibit A</u>.

"**Platform**" means the Securitize cloud-based services as described in <u>Exhibit A</u>, including any related mobile applications, and all upgrade and enhancements to the Platform that may be provided by Securitize (for itself or on behalf or through any of its Affiliates) under this Agreement.

"**PII**" means personally identifiable information as defined in <u>Section 10.5</u>.

"**Securities**" means the Issuer's Crowd SAFE Securities. The Securities may be represented by digital tokens on a blockchain.

"**Securities Act**" means the Securities Act of 1933, as amended.

"**Securitize Intellectual Property Rights**" means the Intellectual Property Rights over all material contained on or available through the Platform and/or other Securitize Services, as well as any other Intellectual Property Rights held by Securitize prior to the date hereof.

"**Services**" means the provision of the Platform, related documentation, and any other specified services or deliverables required to be provided by Securitize (for itself or on behalf or through any of its Affiliates) under this Agreement as described in the Order Form.

"**Service Level Agreement**" or "**SLA**" has the meaning described in <u>Exhibit B</u> as attached hereto and incorporated by reference.

"**Term**" has the meaning described in <u>Section 12</u>.

"**Territory**" means the world, excluding those countries or parties subject to applicable prohibitions under U.S. export laws or in which the use of the Securitize Services would be prohibited or constrained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. GENERAL APPOINTMENT OF SECURITIZE
 AS TRANSFER AGENT.

Securitize is hereby appointed as the transfer agent for the issuance, transfer and registration of the Securities and to perform such other services related to the Securities as provided in this Agreement. If an Affiliate of Issuer is to issue the Securities, the Parties and such Affiliate shall enter into a Joinder Agreement to formally appoint Securitize as transfer agent for such Affiliate's Securities and for such Affiliate to assume the obligations of an Issuer hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. ISSUANCE OF SECURITIES.

Securitize is authorized and directed to issue Securities of the Issuer, including digital tokenized representations of the Securities on the blockchain, from time to time upon receiving from the Issuer all of the following:

**3.1.** Written instructions as to the
 issuance of the Securities from an authorized officer of the Issuer.

**3.2.** A certified copy of any order,
 consent, decree or other governmental authorization existing as of the date of
 issue of the Securities.

**3.3.** An opinion of the Issuer's
 counsel that (i) the Securities are duly authorized, validly issued, fully paid and nonassessable,
 (ii) the issuance of the Securities has been registered under the Securities Act (as amended),
 or, if exempt from registration, the basis of such exemption, and (iii) no order or consent
 of any governmental or regulatory authority other than that provided to Securitize is required
 in connection with the issuance of the Securities or, if no such order or consent is required,
 a statement to that effect. The opinion should also indicate whether it is necessary that
 the Securities be subject to transfer restrictions or a statement to the effect that all
 Securities to be issued are freely transferable upon presentation to Securitize for that
 purpose.

**3.4.** Such further documents as Securitize
 may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. REGISTRAR; TRANSFER OF SECURITIES.

**4.1.** Securitize is authorized and directed
 to act as the official registrar of the Securities.

**4.2.** Securitize is authorized and directed
 to make transfers of Securities from time to time upon the books of the Issuer as maintained
 by Securitize. Securities, in either certificated or book entry form (or other appropriate
 form of ownership), will be transferred or exchanged upon the surrender of the old Securities
 (or appropriate instructions in the case of noncertificated shares) in form reasonably deemed
 by Securitize to be properly endorsed for transfer, accompanied by such documents as Securitize
 may deem necessary to evidence the authority of the person making the transfer. Securitize
 reserves the right to refuse to transfer Securities until it has received reasonable assurance
 that each necessary endorsement is genuine and effective, that the transfer of the Securities
 is legally valid and genuine and that the requested transfer is otherwise legally in order.
 For that purpose, Securitize may require an acceptable guaranty of the signature of the person
 signing and appropriate assurance of authority to do so. Securitize may rely upon the Uniform
 Commercial Code, Applicable Law, and generally accepted industry practice in effecting transfers,
 or in delaying or refusing to effect transfers. Securitize may delay or refuse to process
 any transfer that in its reasonable judgment appears improper or unauthorized. If, on a transfer
 of a restricted item, Issuer counsel fails to issue an opinion or to provide adequate reasons
 therefore within a "reasonable" number of business days of a request to do so,
 Securitize is authorized, but not required, to process such transfer upon receipt of an appropriate
 opinion of presenter's counsel.

**4.3.** Securitize shall be fully protected
 and held harmless in recognizing and acting upon written instructions of an authorized officer
 of the Issuer.

**4.4.** When Securitize deems it expedient
 it may apply to the Issuer, or counsel for the Issuer, or to its own counsel for instructions
 and advice; the Issuer will promptly furnish or will cause its counsel to furnish such instructions
 and advice, and, for any action taken in accordance with such instructions or advice, or
 in case such instructions and advice shall not be promptly furnished, the Issuer will indemnify
 and hold harmless Securitize from any and all liability, including reasonable attorney's
 fees and court costs.

**4.5.** The Issuer will at all times advise
 Securitize of any and all stop transfer notices or adverse claims lodged against Securities
 of the Issuer and further, will promptly notify Securitize when any such notices or claims
 have expired or been removed. Securitize is not otherwise responsible for stop transfer notices
 or adverse claims from either the Issuer or third parties unless it has received actual written
 notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. [RESERVED]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. PLATFORM SERVICES

Attached hereto as <u>Exhibit A</u> and <u>Exhibit B</u> are the exhibits executed by the Parties contemporaneously with this Agreement and incorporated herein by reference. Each Party will (directly or through its Affiliates or designated contractors provided however that delegation of any duty or obligation shall not relieve the Party of such duty or obligation) perform its duties and obligations in relation to such exhibits in a timely and professional manner consistent with industry standards. Issuer understands and agrees that delays or failure of Issuer or its representatives to deliver required content, information, instructions (including Issuer Instructions) or other materials reasonably requested by Securitize (collectively, "**Issuer Materials**") in a timely manner will excuse Securitize from related performance requirements under this Agreement but only to the extent such delay materially caused or contributed to delays or disruption in the performance of Services. Without limiting the generality of the foregoing, Securitize reserves the right to prohibit transactions on the Platform until all Issuer Materials required by Securitize to perform such actions are provided, as determined in Securitize's sole discretion. Unless otherwise specified in an exhibit, each Party is to bear its own costs and expenses of performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. RIGHTS

**7.1.** **Ownership**. Subject to the
 licenses specifically granted to Issuer herein, all right, title and interest in and to Securitize
 Intellectual Property Rights remain, as between the Parties, in and with Securitize and/or
 its suppliers. Subject to the licenses specifically granted to Securitize herein, all right,
 title and interest in and to Issuer Intellectual Property Rights remain, as between the Parties,
 in and with Issuer and/or its Affiliates.

**7.2.** **Limited License Grant**. Securitize
 shall make available to Issuer the Securitize services that are specified in an Order Form
 (the "**Securitize Services** "). During the term of the applicable Order Form,
 and subject to the terms of this Agreement, Securitize grants to Issuer, and Issuer accepts
 from Securitize, a non-exclusive, non-transferable limited license, without a right to sublicense,
 in the Territory, to access the Platform solely for the purpose of preparing, facilitating
 and managing an offering and sale or issuance by Issuer of Securities (or such other similar
 transactions) as described in the applicable Order Form (the "**Company Offering** ").
 In addition, Securitize agrees that it will grant, in accordance with relevant Securitize
 documentation, to prospective investors solicited by Issuer or its agents who are interested
 in purchasing Securities in the Issuer's offering ()"**Authorized Persons** "
 and, together with Authorized Users, "**Authorized Participants**") the right
 to access the Platform in order to utilize the Securitize Services for the benefit of Issuer.
 If, based on the reasonable determination of Securitize or Issuer, any Authorized Participant
 is using the Securitize Services in a manner that is prohibited by Securitize or otherwise
 inconsistent with the intended use of the Securitize Services (a "**Prohibited Use** "),
 in addition to any of its other rights or remedies, Securitize may, without liability to
 Issuer, suspend or limit the Issuer's or such Authorized Participant's access
 to the Securitize Services until such prohibited usage is fully remedied. Issuer shall use
 commercially reasonable efforts to provide Securitize notice of any Prohibited Use as soon
 as reasonably practicable after gaining knowledge thereof.

**7.3.** **Restrictions; No Reverse Engineering**.
 Issuer shall not, and shall not knowingly allow any employee, agent, contractor, Affiliate,
 Authorized Participant, or others to (i) decompile, disassemble, or otherwise reverse engineer
 or attempt to reconstruct or discover any source code, underlying ideas, or interoperability
 interfaces of the Securitize Services by any means whatsoever; (ii) remove any product identification,
 copyright or other notices on the Securitize Services; (iii) provide, lease, lend, use for
 timesharing, service bureau, hosting purposes or otherwise use the Securitize Services to
 or for the benefit of third parties other than Issuer and its Affiliates; or (iv) modify,
 adapt, alter, translate or incorporate into or with other software or create a derivative
 work of any part of the Securitize Services.

**7.4.** **Issuer Smart Contract**. Securitize
 hereby grants to Issuer, and Issuer accepts from Securitize, a royalty free, perpetual, irrevocable,
 worldwide, non-exclusive, non-transferable limited license, without a right to sublicense
 or create derivative works thereon, in the Territory, to Securitize's Intellectual
 Property Rights included in, or forming part of, the Issuer Smart Contract. Issuer hereby
 assumes all prospective obligations, liabilities and duties attendant to the Issuer Smart
 Contract. The foregoing does not and is not intended to transfer or grant, and shall not
 otherwise affect in any way, ownership by Securitize of, or rights of Securitize in, any
 of Securitize's Intellectual Property Rights or other proprietary rights, assets, content,
 products and services, and nothing in this Agreement shall be construed as the assignment
 or transfer of any ownership rights in any Intellectual Property Rights or other proprietary
 rights, assets, technology, content, products or services of Securitize and/or its Affiliates,
 including, without limitation, Securitize's technology, software, ideas, know-how,
 or information, except for the limited license granted herein to the specific Issuer Smart
 Contract. Securitize hereby expressly reserves all of its rights not expressly granted
 to Issuer under of this Agreement, and nothing herein shall be construed as granting Issuer
 any rights in or to the Algorand blockchain. For the avoidance of doubt, Securitize shall
 have no obligation to update or maintain the Issuer Smart Contract, or to defend any third
 party claim arising or related to the Issuer Smart Contract or any liability arising out
 of or related to Issuer Smart Contract after the term of the applicable Order Form.

**7.5.** **Security and Access Policies**.

**7.5.1.** **Platform Security.** Securitize
 shall use commercially reasonable efforts consistent with industry standards to protect the
 physical security and electronic security of the Platform and other systems utilized to provide
 the Securitize Services, including but not limited to using up-to-date anti-virus, security
 and firewall technology commonly used in the industry. Issuer agrees that it, and shall ensure
 that its Affiliates and Authorized Participants, will not take actions that negatively affect
 the confidentiality, integrity, and availability of Securitize's systems and information
 assets.

**7.5.2.** **Harmful Code.** If either
 Party becomes aware that an unauthorized party has accessed Issuer Data, or Confidential
 Information, or that Harmful Code has infected a relevant network or system of such Party,
 then it shall notify the other Party as soon as reasonably practical, so the Parties can
 work together to mitigate any potential adverse effect and undertake any further steps that
 may be applicable or required by law. "**Harmful Code**" means computer instructions
 whose primary purpose or effect is to disrupt, damage or interfere with use of any computer
 or telecommunications facilities, including, without limitation, any automatic restraint,
 time-bomb, trap-door, virus, worm, Trojan horse, or other harmful code or instrumentality
 that will cause a system to cease to operate or to fail to conform to its specifications.
 Each Party shall take commercially reasonable precautions to avoid, prevent, stop, find and
 eliminate the spread of all Harmful Code on its hardware systems and networks.

**7.5.3.** **No Export.** Issuer will,
 and ensure that its Affiliates and Authorized Participants will, not remove or export from
 the United States or re-export from anywhere any part of the Securitize Services or any direct
 product thereof to any prohibited country or party as specified by the export laws of the
 United States. Further, each Party warrants to the other that it, any of its Affiliates or
 Authorized Participants, is not on the United States' prohibited party list and is
 not located in or a national resident of any country on the United States' prohibited
 country list. The Issuer acknowledges and shall ensure that its Affiliates and Authorized
 Participants are aware that the Securitize Services contain encryption technology, export
 of which is subject to regulation by the U.S. and certain foreign jurisdictions.

**7.5.4.** **Limited Storage and Retrieval of Data**. All Issuer Data including third party PII that is received, stored or otherwise
 maintained by Securitize and/or its Affiliates for Issuer pursuant to this Agreement shall
 be maintained in a secure hosting environment that, to Securitize's knowledge, meets
 or exceeds industry standards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. FEES AND PAYMENT TERMS

**8.1.** **Fees**. The fees charged by
 Securitize for the provision of the Services, and any other fees shall be set forth in the
 applicable Order Form and exhibits to this Agreement[, but will follow the agreed fee structure
 set forth on <u>Exhibit A</u> hereto.] <sup>1</sup>

**8.2.** **Payment Terms**. Fees are
 due and shall be paid upon Issuer's receipt of the invoice unless otherwise specified
 in the Order Form and applicable exhibits. Payments from Issuer to Securitize will be made
 in U.S. dollars, electronically via wire transfers or ACH as specified on the invoice. Invoices
 may be delivered in any manner provided by <u>Section 17</u> ()"**Notices** "),
 and in addition may be delivered electronically by email or facsimile transmission. Issuer
 shall notify Securitize of any invoice dispute by email or facsimile transmission within
 five (5) days of receipt of invoice, and shall pay the undisputed portion of such invoice
 on or before the due date. The Parties shall work in good faith to resolve any disagreements
 over disputed amounts as quickly as reasonably possible, and in no event later than thirty
 (30) days after the date payment was originally due.

**8.3.** **Late payments**. Any payment
 due that is not received by the due date will accrue interest at a rate of one percent (1%)
 per month, or the highest rate allowed by Applicable Law, whichever is lower. For the avoidance
 of doubt, interest on late payments due is in addition to any remedies allowed by Applicable
 Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. TAXES

Issuer shall be responsible for the payment of any and all taxes applicable to the license and use of the Securitize Services under this Agreement (other than those based upon Securitize's net income) including, without limitation, Issuer's income, payroll, sales, VAT, use, gross receipts, real estate, personal property or other taxes imposed upon transactions under this Agreement ("**Taxes**"), and will indemnify and hold harmless Securitize for any loss or damage (including without limitation any penalties and interest) sustained because of Issuer's failure to pay such taxes. If Securitize has the legal obligation to collect Taxes for which Issuer is responsible under this section, the appropriate amount shall be invoiced to and paid by Issuer upon notice and documentation (if any, within Securitize's possession) by Securitize to Issuer unless Issuer provides Securitize with a valid tax exemption certificate authorized by the appropriate taxing authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. CONFIDENTIAL INFORMATION

**10.1.** **Generally**. "**Confidential Information**" shall mean confidential or other non-public proprietary information
 that is disclosed by either Party to the other under this Agreement, including without limitation,
 software code and designs, hardware, product specifications and documentation, financial
 data, business, marketing and product plans, or technology, and Authorized Participant information
 (which includes, without limitation, any of the names, addresses, phone numbers, email addresses,
 and other PII relating to Authorized Participants).

**10.2.** **Obligations of Confidentiality.** Each Party agrees that it and its Affiliates will hold in strict confidence and not disclose
 the Confidential Information of the other Party to any third party and to use the Confidential
 Information of the other Party for no purpose other than the purposes expressly permitted
 by this Agreement. Each Party shall only permit access to the other Party's Confidential
 Information to those of its or its Affiliates' employees, contractors and advisors,
 including the Authorized Participants, having a need to know and who have signed or are bound
 by confidentiality obligations or agreements containing terms at least as restrictive as
 those contained in this Agreement. Each Party shall maintain the confidentiality and prevent
 accidental or other loss or disclosure of any Confidential Information of the other Party
 with at least the same degree of care as it uses to protect its own Confidential Information,
 but in no event with less than reasonable care.

**10.3.** **Exclusions from Obligations.** A Party's obligations of confidentiality under this Agreement shall not apply to
 information which such Party can document the information (i) is in the public domain without
 the breach of any agreement or fiduciary duty or the violation of any law, (ii) was known
 to the Party prior to the time of disclosure without the breach of any agreement or fiduciary
 duty or the violation of any law, (iii) is proven by contemporaneous records to be independently
 developed by the Party prior to receiving such Confidential Information.

**10.4.** **Legally Required Disclosure**.
 In the event either Party is required to disclose, pursuant to a judicial order, a requirement
 of a governmental agency or by operation of law, any Confidential Information provided to
 it by the other Party then such Party shall provide the other Party written notice of any
 such requirement immediately after learning of any such requirement, and take commercially
 reasonable measures at the other Party's expense to avoid or limit disclosure under
 such requirements and to obtain confidential treatment or a protective order and allow the
 other Party to participate in the proceeding.

**10.5.** **Personally Identifiable Information**.
 The Parties hereby acknowledge that each has a special responsibility under applicable data
 protection laws to keep personally identifiable information regarding Authorized Participants
 ()"**PII**") private and confidential. Securitize acknowledges that in no way
 shall it gain possession of any ownership or other proprietary rights with respect to Authorized
 Participant PII. Securitize agrees that it shall store and process the Authorized Participant
 PII in strict compliance with the terms of this Agreement and all applicable laws governing
 the use, collection, disclosure and storage of such information. In relation to the processing
 of EU Personal Data (each as defined in Exhibit [C][D]) in performing the Services,
 the Parties shall comply with the obligations set out in Exhibit [C][D]. Securitize
 shall only permit access to such data to those of its employees having a need to know and
 who have signed confidentiality agreements containing terms at least as restrictive as those
 contained in this Agreement, and Securitize further agrees that it shall not further disclose
 such information to any third party without the prior written consent of Issuer except to
 its legal counsel or as may be required by law.

**10.6.** **Storage of Data**. All PII
 that is received, stored or otherwise maintained by Securitize for Issuer pursuant to this
 Agreement shall be maintained in a secure environment with physical, technical, and administrative
 information and data security safeguards that meet or exceed industry standards. Issuer is
 responsible for transmitting all PII and Issuer Confidential information to Securitize in
 encrypted or otherwise secure form if it is transmitted outside the normal operation of the
 Platform. In the event of a breach or suspected breach of security of any Securitize system,
 website, database, equipment or storage medium or facility that results or may have resulted
 in unauthorized access to any PII or any Issuer Confidential Information by any third party
 (including any employee, agent or subcontractor of Securitize that is not authorized to access
 such information) (collectively, a "**Security Breach** "), Securitize shall
 (i) notify Issuer within twenty four (24) hours of being informed of such breach of security,
 (ii) make commercially reasonable efforts to re-secure its systems immediately and remedy
 the Security Breach, (iii) cooperate with Issuer, at Securitize's expense, to draft
 disclosures, press releases and other communication for Issuer to use with its customers,
 the public or government entities, and (iv) take any other remedial measures. In the event
 of a breach or suspected breach of security of any Issuer system, website, database, equipment
 or storage medium or facility that results or may have resulted in unauthorized access to
 any of Securitize's Confidential Information by any third party, Issuer shall notify
 Securitize within twenty four (24) hours of being informed of such breach of security, and
 make commercially reasonable efforts to re-secure its systems immediately.

**10.7.** **Injunctive Relief**. Each
 Party recognizes and acknowledges that any use or disclosure of the Confidential Information
 of the other Party in a manner inconsistent with the provisions of this Agreement will cause
 the other Party irreparable damage for which remedies at law may be inadequate. Accordingly,
 the non-breaching Party shall have the right to seek an immediate injunction in respect of
 any material breach of these confidentiality obligations to obtain such relief. Notwithstanding
 the foregoing, this paragraph shall not in any way limit the remedies in law or equity otherwise
 available to the non-breaching Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. FEEDBACK

Issuer may, during the term, provide Securitize with requests, suggestions and other feedback related to Issuer's use of the Platform or Services, including, but not limited to, feedback in support requests. Such information, ideas, concepts, and feedback provided by Issuer to Securitize concerning the Platform, Services or any other Securitize products or services ("**Feedback**") may be used by Securitize and/or its Affiliates in any manner and media to develop and improve the Platform and Services, and Issuer hereby grants to Securitize and Securitize's Affiliates and successors and assigns a transferable, non-exclusive, royalty-free, irrevocable, perpetual, worldwide right and license to reproduce and use Feedback, in any manner and media, for any lawful purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Term and Termination.

**12.1.** **Term.** The term of this
 Agreement ()"**Term**") shall commence upon the Effective Date and continue
 until this Agreement is terminated by mutual agreement of the Parties if there are no outstanding
 Order Forms or exhibits, or until it is terminated pursuant to <u>Section 12.2</u>.

**12.2.** **Termination**.

**12.2.1.** **Termination for Cause**.
 Either Party may cancel or terminate this Agreement or any Order Form by giving written notice
 if the other Party (a) becomes insolvent, unable to pay debts when due, or the subject
 of bankruptcy proceedings not terminated within thirty (30) days of any filing; or makes
 a general assignment for the benefit of creditors; or if a receiver is appointed for substantially
 all of its property; or (b) breaches or defaults on its undisputed payment obligations,
 and such breach or default remains uncured after ten (10) days; or (c) breaches or defaults
 on other material obligations under this Agreement and fails to cure the breach or default
 within sixty (60) days after receipt of written notice. Furthermore, Securitize may terminate
 this agreement at any time upon written notice if (i) Securitize determines in its sole discretion
 based on review of the Issuer Due Diligence Information that Issuer is not a suitable counterparty
 to this Agreement or (ii) it reasonably believes that Issuer intends to use the Platform
 to violate Offering Laws or Applicable Laws, or if Issuer intends to take other actions that
 would cause an offering by Issuer conducted pursuant to an Order Form to violate Offering
 Laws or other Applicable Laws.

**12.2.2.** **Disclaimer and Waiver.** NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR COMPENSATION, REIMBURSEMENT OR DAMAGES ON
 ACCOUNT OF THE LOSS OF PROSPECTIVE REVENUE, INVESTMENT, PROFITS OR ANTICIPATED SALES OR ON
 ACCOUNT OF EXPENDITURES, INVESTMENTS, LEASES OR COMMITMENTS IN CONNECTION WITH THE BUSINESS
 OR GOODWILL OF SECURITIZE OR ISSUER BECAUSE OF TERMINATION OR EXPIRATION OF THIS AGREEMENT
 IN ACCORDANCE WITH ITS TERMS.

**12.2.3.** **Survival**. The following
 provisions will survive any expiration or termination of the Agreement: Sections 1, 7.1,
 7.2, 8.3, 9, 10, 11, 12.2.2, 12.2.3, 16-19, 21 and 22.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. INTELLECTUAL PROPERTY OWNERSHIP.

**13.1.** **Issuer Intellectual Property.** Subject to the provisions of <u>Section 11</u>, neither this Agreement nor any provision
 herein transfers ownership from Issuer to Securitize of any Issuer Intellectual Property
 Rights of any kind whatsoever. Without limiting the generality of the foregoing, Issuer shall
 own and retain ownership of all Issuer Instructions and other Issuer Materials. Issuer hereby
 grants (for itself an on behalf of applicable Authorized Participants and Affiliates) to
 Securitize and Securitize's Affiliates, successors and assigns a (i) transferable,
 non-exclusive, royalty-free, irrevocable, perpetual, worldwide right and license, under all
 Intellectual Property Rights of Issuer in and to Issuer Instructions and Issuer Data, to
 reproduce, create derivative works based on and otherwise use, in any manner and media, all
 Issuer Instructions and Issuer Data, to the extent any such Issuer Instructions and Issuer
 Data, or any derivative works based thereon, are expressed, implemented or otherwise incorporated
 in any manner in any Issuer Smart Contract, for any lawful purpose, and (ii) transferable,
 non-exclusive, royalty-free, irrevocable, worldwide right and license during the Term, under
 all Intellectual Property Rights of Issuer in and to Issuer Materials, to reproduce, create
 derivative works based on and otherwise use, in any manner and media, all Issuer Materials,
 for purposes of providing the Securitize Services.

**13.2.** **Securitize Intellectual Property**.
 Subject to Issuer's rights in all Feedback and Issuer Materials, all Securitize Intellectual
 Property Rights, unless otherwise indicated, are protected by applicable laws including,
 but not limited to, copyright, trade secret, and trademark laws, as well as other state,
 national, and international laws and regulations. Except as expressly provided herein, Securitize
 does not grant any express or implied right to Authorized Participants under any patent(s),
 copyright(s), trademark(s), or trade secret information or other Intellectual Property Rights.
 Accordingly, unauthorized use of any material contained on the Platform may violate copyright
 laws, trademark laws, trade secret laws, the laws of privacy and publicity, and other regulations
 and statutes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. INDEMNIFICATION

**14.1.** **Reliance on Issuer**. Securitize
 may conclusively rely and act or refuse to act without further investigation upon any list,
 instruction, certification, authorization, stock certificate or other communication, including
 electronic communication, instrument or paper believed by it in good faith to be genuine
 and unaltered, and to have been signed, countersigned or executed by any duly authorized
 person or persons, or upon the instruction of any officer of the Issuer, the Authorized Participants
 or the advice of counsel for the Issuer, or counsel for Securitize. Securitize may make any
 transfer or registration of ownership for such securities which is believed by it in good
 faith to have been duly authorized or may refuse to make any such transfer or registration
 if in good faith Securitize deems such refusal necessary in order to avoid any liability
 upon either the Issuer or itself. Issuer agrees that it shall, and ensure that its Authorized
 Participants shall, not knowingly give Securitize direction to take any action or refrain
 from taking any action, if implementing such direction would be a violation of applicable
 law or regulation. Issuer agrees that it shall, and ensure that its Authorized Participants
 shall, not direct Securitize to act in connection with the Securities if such action is subject
 to any restriction or prohibition on transfer to or from a securities intermediary in its
 capacity as such, and Securitize shall be protected in refusing to effect any such transfer.
 Securitize may conclusively and in good faith rely and act, or refuse to act, upon the records
 and information provided to it by or on behalf of the Issuer and its prior transfer agent
 or recordkeeper without independent review and shall have no responsibility or liability
 for the accuracy or inaccuracy of such records and information.

**14.2.** **Indemnification by Securitize.** Securitize shall defend, indemnify and hold Issuer and Issuer's Affiliates, and
 its and their officers, directors, managers, shareholders, members, employees, agents, representatives
 and successors and assigns ()"**Issuer Indemnitees**") harmless from and against
 any loss, liability, damage or expense (including, without limitation, reasonable attorney's
 fees (collectively, "**Losses**") to which Issuer Indemnitees may become subject
 based upon the existence of this Agreement, except those arising out of or otherwise related
 to (i) any failure or alleged failure of Issuer or any Issuer Affiliate to comply with any
 applicable law, which, for the avoidance of doubt, includes any Offering Laws; (ii) any material
 breach by Issuer of its obligations herein; (iii) the willful misconduct, bad faith or gross
 negligence of Issuer or its Affiliates; or (iv) Claims that any Issuer Data or other materials
 provided by Issuer to be included or hosted by Securitize infringe the Intellectual Property
 Rights or other rights of any third party.

**14.3.** **Indemnification by Issuer.** Issuer shall defend, indemnify, and hold Securitize and its Affiliates, and its and their
 officers, directors, managers, shareholders, members, employees, representatives and successors
 and assigns ()"**Securitize Indemnitees**") harmless against any Losses to
 which Securitize Indemnitees may become subject based upon the provision of Services, the
 existence of this Agreement or the offering of Securities and any action or inaction related
 thereto, except those arising out of or otherwise related to: (i) the willful misconduct,
 bad faith or gross negligence of the Securitize Indemnitee, (ii) Securitize Indemnitee's
 breach of Applicable Law or (iii) the Securitize Indemnitee's material breach of this
 Agreement.

**14.4.** **Procedure**. As an express
 condition to the indemnifying Party's obligation under this <u>Section</u> 10, the
 Party seeking indemnification must: (a) promptly notify the indemnifying Party in writing
 of the applicable Claim for which indemnification is sought; (b) tender control of the defense
 to the indemnifying Party; and (c) provide the indemnifying Party with non-financial assistance,
 information, and authority reasonably required for the defense and settlement of such Claim.
 The indemnified Party may select its own counsel and participate in the defense of a Claim
 if it chooses to do so, but at its own expense. The indemnifying Party may settle any Claim,
 to the extent it seeks a money payment, with or without the consent of the indemnified Party
 providing the settlement is a full and complete settlement of all Claims against the indemnified
 Party and the indemnifying Party satisfies the settlement payment obligation. The indemnifying
 Party must obtain the indemnified Party's prior written consent to any settlement to
 the extent it consents to injunctive relief or requires any admission of fault or any public
 statement or contains contract terms governing future activities that would materially affect
 the indemnified Party's business or interests, said consent not to be unreasonably
 withheld, conditioned, or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. REPRESENTATIONS AND WARRANTIES

**15.1.** **Authorization and Enforceability.** Each Party represents and warrants to the other Party that (a) it is duly organized,
 incorporated or established (as the case may be), and validly existing under the laws of
 its jurisdiction of organization, incorporation or establishment (as the case may be); (b)
 it has the legal power and authority to execute and deliver this Agreement; (c) the execution,
 delivery and performance of this Agreement by it have been duly authorized by all necessary
 actions and do not violate its organizational documents or any other material agreements
 to which it is a Party; and (d) this Agreement constitutes a legally valid and binding obligation
 of it enforceable against it in accordance with its terms, except as such enforcement may
 be limited by applicable law.

**15.2.** **Securitize Representations and Warranties**. Securitize represents, warrants, and agrees that (a) it will perform
 the Services in compliance with all Applicable Laws, (b) it shall provide the Services in
 a professional and workmanlike manner, (c) the Services and the Platform do not knowingly
 infringe, violate or misappropriate the intellectual property rights of any third party,
 and (d) Securitize has the full right to provide Issuer with the Services as provided for
 herein.

**15.3.** **Issuer Representations and Warranties**. Issuer represents, warrants and agrees that (a) its use of the Services and
 Platform by Authorized Participants complies and will comply with all Applicable Laws, including,
 for the avoidance of doubt, Offering Laws, and all applicable anti-bribery, anti-money laundering,
 customer due diligence, know your clients, and anti-terrorist laws and regulations, (B) it
 shall make any and all registrations, filings and pay any and all fees required by Offering
 Laws in connection with any Issuer Offering or the secondary trading of the Securities, (C)
 any Securities issued and outstanding on the date hereof have been duly authorized, validly
 issued and are fully paid and are non-assessable; and any Securities to be issued hereafter,
 when issued, shall have been duly authorized, validly issued and fully paid and will be non-assessable,
 (d) any Securities issued and outstanding on the date hereof have been duly registered under
 the Securities Act, and such registration has become effective, or are exempt from such registration;
 and have been duly registered under the Exchange), or are exempt from such registration,
 (e) any Securities to be issued hereafter, when issued, shall have been duly registered under
 the Securities Act, and such registration shall have become effective, or shall be exempt
 from such registration; and shall have been duly registered under the Exchange Act, or shall
 be exempt from such registration, and (f) Issuer has paid or caused to be paid all taxes,
 if any, that were payable upon or in respect of the original issuance of the Securities issued
 and outstanding on the date hereof.

**15.4.** **Disclaimer**. E XCEPT
 AS OTHERWISE EXPRESSLY PROVIDED HEREIN, SECURITIZE AND ITS SUPPLIERS EXPRESSLY DISCLAIM ALL
 WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION, ANY IMPLIED
 WARRANTIES OF NONINFRINGEMENT, TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
 TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SECURITIZE MATERIALS ARE PROVIDED "AS IS"
 WITH ALL FAULTS. ISSUER AGREES THAT ALL RISK PERTAINING TO THE USE OF THE SECURITIZE SERVICES
 IS ASSUMED BY ISSUER ALONE. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY SECURITIZE
 OR ITS AFFILIATES, EMPLOYEES OR AGENTS WILL CREATE A WARRANTY OR IN ANY WAY INCREASE THE
 SCOPE OF ANY WARRANTY PROVIDED HEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. LIMITATION OF LIABILITY

**16.1.** EXCEPT FOR LIMITED INDEMNIFICATION
 OBLIGATIONS AS EXPRESSLY PROVIDED FOR IN <u>SECTION 14</u>, TO THE MAXIMUM EXTENT PERMITTED
 BY APPLICABLE LAW, IN NO EVENT SHALL EITHER PARTY OR ITS SUPPLIERS BE LIABLE TO THE OTHER
 PARTY, OR ANY OTHER PERSON OR ENTITY, FOR ANY INDIRECT, INCIDENTAL, COVER, SPECIAL, STATUTORY,
 PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES OR ANY FINES OR PENALTIES, OR ANY LOSS OF OR
 HARM TO PROFITS, ASSETS, OPPORTUNITIES, OR DATA WHATSOEVER, ARISING FROM OR RELATED TO THIS
 AGREEMENT OR ISSUER'S USE OR RELIANCE UPON THE SECURITIZE SERVICES, EVEN IF ADVISED
 OF THE POSSIBILITY OF SUCH DAMAGES OR IF SUCH DAMAGES ARE FORESEEABLE AND A PARTY HAS BEEN
 ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ADDITION, SECURITIZE AND ITS AFFILIATES MAY
 CONSULT WITH COUNSEL AND ACCOUNTANTS IN RESPECT OF SECURITIZE'S AFFAIRS, INCLUDING,
 WITHOUT LIMITATION, WITH RESPECT TO OFFERING LAWS, AND BE FULLY PROTECTED AND JUSTIFIED IN
 ANY ACTION OR INACTION WHICH IS TAKEN IN GOOD FAITH AND IN ACCORDANCE WITH THE INFORMATION,
 REPORTS, STATEMENTS, ADVICE OR OPINION PROVIDED BY SUCH PERSONS, PROVIDED THAT THEY WERE
 SELECTED WITH REASONABLE CARE AND THE MATTER CONSULTED ON IS REASONABLY BELIEVED BY SECURITIZE
 AND ITS AFFILIATES TO BE WITHIN SUCH PERSONS' PROFESSIONAL OR EXPERT COMPETENCE.

**16.2.** EXCLUDING CLAIMS FOR FEES DUE
 PURSUANT TO <u>SECTION 8.1</u> OF THIS AGREEMENT, AND INFRINGEMENT OF THE OTHER PARTY'S
 INTELLECTUAL PROPERTY RIGHTS, OR A PARTY'S INDEMNIFICATION OBLIGATIONS PURSUANT TO <u>SECTION 14</u>, IN NO EVENT WILL SECURITIZE BE LIABLE TO ISSUER OR ANY OTHER PERSON OR
 ENTITY WHETHER UNDER CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR ANY OTHER
 LEGAL OR EQUITABLE THEORY FOR ANY AMOUNTS IN EXCESS OF THE LESSER OF ONE HUNDRED THOUSAND
 DOLLARS (US$100,000.00) OR THE TOTAL AMOUNTS PAID OR PAYABLE BY ISSUER TO SECURITIZE UNDER
 THIS AGREEMENT DURING THE PREVIOUS TWELVE (12) MONTHS.

**16.3.** **Allocation of Risk and Material Term.** THE PROVISIONS OF THIS <u>SECTION 16</u> ALLOCATE THE RISKS UNDER THIS AGREEMENT
 BETWEEN THE PARTIES AND ARE AN INTRINSIC PART OF THE BARGAIN BETWEEN THE PARTIES. THE FEES
 PROVIDED FOR IN THIS AGREEMENT REFLECT THIS ALLOCATION OF RISKS AND THE LIMITATION OF LIABILITY
 AND SUCH LIMITATION WILL APPLY NOTWITHSTANDING A FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED
 REMEDY AND TO THE FULLEST EXTENT PERMITTED BY LAW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. GENERAL PROVISIONS

**17.1.** **Notices**. All notices, demands,
 requests or other communications given under this Agreement shall be in writing and be given
 by personal delivery, certified mail, return receipt requested, or nationally recognized
 overnight courier service to the address set forth in the Order Form, or by electronic delivery
 to email or facsimile numbers as set forth in the Order Form, or to such address or email
 or facsimile numbers which have been subsequently designated by a Party by a notice made
 under this paragraph.

**17.2.** **Publicity**. Either Party
 may disclose the existence of this Agreement including, without limitation, disclosure deemed
 reasonably necessary to comply with applicable law. Each Party will obtain the other Party's
 prior written consent prior to any press release that references such Party or this Agreement.
 Notwithstanding the foregoing, the other terms and conditions of this Agreement remain the
 Confidential Information of both Parties.

**17.3.** **Independent Contractor Status; No Fiduciary Duties**. It is expressly agreed and understood that Securitize (and any officer,
 director, employee, Affiliate, agent, or other representative of Securitize) is at all times
 acting as an independent contractor to Issuer, and is neither an employee, nor agent of or
 on behalf of, Issuer. Each Party specifically disclaims and waives the formation of any fiduciary
 relationship between them under or in relation to this Agreement and the Services. Issuer
 acknowledges and agrees that (i) Securitize is not a registered investment advisor nor a
 broker-dealer, (ii) Securitize is not providing any legal, tax, investment or marketing advice,
 (iii) no Authorized Person or any other person was or will be solicited by Securitize or
 will be referred by Securitize to any third party, (iv) Securitize has no role in effectuating
 or otherwise executing the sale or issuance of any Securities for Issuer and does not communicate
 with any Authorized Person or any other person regarding the suitability of an investment
 in Securities and (v) Securitize is not involved in the drafting or review of white papers
 or offering memoranda and in no event shall Securitize be liable to Issuer, to any Authorized
 Person or any other person for any losses arising out of any statements or omissions therein.

**17.4.** **No Waiver or Modification**.
 This Agreement may not be amended, modified or terminated orally, and no amendment, modification,
 termination or attempted waiver of any of the provisions hereof shall be binding unless in
 writing and executed by authorized representatives of both Parties.

**17.5.** **Severability**. Should any
 provision hereof be deemed, for any reason whatsoever, to be invalid or inoperative, such
 provision shall be deemed severable and shall not affect the force and validity of other
 provisions of this Agreement.

**17.6.** **Governing Law and Dispute Resolution by Arbitration**. This Agreement shall be interpreted in accordance with the laws of the
 State of California, (excluding conflict of laws rules) as applied to agreements entered
 into and to be performed entirely within the State of California between California residents,
 without giving effect to any conflict of law principles that would require the application
 of the laws of a different jurisdiction. The U.N. Convention on Contracts for the International
 Sale of Goods shall not apply to this Agreement. Any controversy or claim arising out of
 or relating to this contract, or the breach thereof, shall be determined by arbitration administered
 by the American Arbitration Association/International Centre for Dispute Resolution (www.adr.org)
 in accordance with its Commercial Arbitration Rules (or International Arbitration Rules if
 applicable); the number of arbitrators shall be three, the place of arbitration shall be
 San Francisco, California, and the language of the arbitration shall be English. Each Party
 acknowledges that any actual or threatened breach of <u>Section 10</u> may cause the other
 Party irreparable harm for which money damages may not be an adequate remedy, and that injunctive
 relief may be an appropriate remedy for such breach in arbitration and in any court of competent
 jurisdiction.

**17.7.** **Attorney's Fees**.
 In any action or proceeding to enforce rights or obligations under this Agreement, the substantially
 prevailing Party shall be entitled to recover in addition to any other costs or damages awarded,
 all reasonable costs, including, but not limited to expert witness' fees and attorneys'
 fees.

**17.8.** **Force Majeure**. No failure,
 delay or default in performance of any obligation of either Securitize or Issuer, including
 without limitation, with respect to the Services or Platform, shall constitute an event of
 default or breach of this Agreement to the extent that such failure to perform, delay or
 default arises out of a cause, existing or future, that is beyond the control and without
 negligence of such Party, including, without limitation, action or inaction of governmental,
 civil or military authority, change in law, fire, strike, lockout or other labor dispute,
 flood, terrorist act, war, or riot, theft earthquake and other natural disaster. In addition,
 no failure, delay or default in performance of Securitize, including without limitation,
 with respect to the Services or Platform, shall constitute an event of default or breach
 of this Agreement to the extent that such failure to perform, delay or default arises out
 of a cause, existing or future, that is beyond the control and without negligence of Securitize,
 including, without limitation errors of implementation (e.g., "bugs" and classic
 coding errors), errors of design, and errors resulting from unexpected interaction of various
 code modules or systems, failures of such systems or equipment, interruptions in access to
 or the operations of such systems or equipment; loss of functionality of such systems or
 equipment; degradation or corruption of such systems or equipment; compromises in the security
 or integrity of such systems or equipment; loss of power to such systems or equipment; and
 other situations that adversely affect such systems or equipment, however caused or occurring.
 The Party affected by such cause shall take all reasonable actions to minimize the consequences
 of any such cause.

**17.9.** **Assignment**. Either Party
 may assign this Agreement in connection with the sale of all, or substantially all, of its
 business (whether by merger, consolidation, transfer of control, sale of assets, operation
 of law or otherwise) upon not less than thirty (30) days written notice of such proposed
 sale and assignment to the other Party, provided that any proposed assignee assumes all rights
 and obligations of the assigning Party under the Agreement and is ready, willing and able
 to do so. Furthermore, Securitize may assign this Agreement without notice to any of its
 subsidiaries or affiliates. Any other attempt to assign this Agreement without prior written
 consent shall be null and void; provided that Securitize may perform any of the Services,
 and share fees received from Issuer with, subcontractors at its sole discretion, provided
 that such use of subcontractors shall not relieve Securitize of any of its obligations pursuant
 to this Agreement.

**17.10.** **Counterparts**. This Agreement
 may be executed in counterparts, each of which is deemed to be an original and all of which
 together constitute one and the same agreement. Each Party may sign this Agreement using
 an electronic or handwritten signature, which are of equal effect, whether on original or
 electronic copies. Each copy of this Agreement bearing the facsimile transmitted signature
 of the authorized representatives of each of the Parties shall be deemed to be an original.

**17.11.** **Entire Agreement**. The
 provisions herein constitute the entire agreement between the Parties and supersede all prior
 agreements, oral or written, and all other communications between the Parties, including
 any and all supplier or distribution agreements and purchase orders. No term or condition
 contained in any document provided by one party to the other Party pursuant to this Agreement
 shall be deemed to amend, modify, or supersede or take precedence over the terms and conditions
 contained herein; provided, however, that to the extent the terms and conditions of an exhibit
 under this Agreement may conflict, the exhibit shall control as to its subject matter.

[Signatures on next page]

I**N WITNESS WHEREOF**, the Parties acknowledge that each has fully read and understood this Agreement, and intending to be legally bound thereby, executed this Agreement on the date set forth below.

---

| | |
|:---|:---|
| **SECURITIZE LLC** | **HYGIENIC DRESS LEAGUE CORP.** |
| By: | By: |
| Name: | Name: |
| Title: | Title: |
| Date: | Date: |

---

 **EXHIBIT A: ("ORDER FORM")**

This Order Form is entered in entered into as of ____________, 2022 ("Order Form Effective Date") in accordance with the terms of the PLATFORM SERVICES, TRANSFER AGENT AND REGISTRAR AGREEMENT entered into by SECURITIZE LLC ("Securitize") and Hygienic Dress League Corp., a Delaware corporation ("Issuer") dated ____________, 2021 (the "Agreement"). Any capitalized terms below not defined in the Order Form shall have the meanings set forth in the Agreement.

1. **DESCRIPTION OF ISSUER OFFERING** 

600,000 shares of Class B Non-Voting Common Stock with a purchase price of $50.00 per share.

**2.** **FEES** 

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| | | | |
|:---|:---|:---|:---|
| | **Service** | **Description** | **Amount** |
| **<u>Platform Fees</u>** <br> &nbsp;&nbsp;&nbsp;&nbsp;Please Select Your Preferred Option  | **<u>Platform Fees</u>** <br> &nbsp;&nbsp;&nbsp;&nbsp;Please Select Your Preferred Option  | **<u>Platform Fees</u>** <br> &nbsp;&nbsp;&nbsp;&nbsp;Please Select Your Preferred Option  | **<u>Platform Fees</u>** <br> &nbsp;&nbsp;&nbsp;&nbsp;Please Select Your Preferred Option  |
| ◻ | Full-Service <br> Transfer Agent | <u>Enhanced Transfer Agent Services:</u><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · Payment Processing <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · Dividend Processing <br> <u><br> Issuer Management Dashboard</u> <br> Dashboard for issuer to manage investors, issuances, admin and transfer agent functions. (note: this is non-investor facing) <br> <u><br> Investor Dashboard</u> <br> Dashboard for individual investors to access issuer data, view their specific holdings (post issuance), transaction history, communicate with issuer and wallet/payout management.  | Set up Fee: $2,500 <br>Monthly Fees: <br> **0-250 Investors:** <br> $1,000/month <br>**251-1000 Investors:** $1,250/month <br>**1001-2500 Investors:** $1,500/month <br>>2501 investors by appraisal<br>Invoices to be sent by the 5<sup>th</sup> of the month following the onboarding kickoff call with the Securitize Customer Success Team  |
| ◻ | Tokenization / <br> Securities <br> Issuance | Creation and issuance of tokens on public or private <br> blockchain | Issuance Fee: $10,000 + Applicable Gas Fees<br> Due and payable at the time of issuance <br>Any subsequent issuances will be billed at a rate of $7,500 <br>Annual Licensing Fee: $10,000 <br> \*Due and payable on Order Form Effective Date and on anniversary of order effective date.  |

---

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| | | | |
|:---|:---|:---|:---|
| ◻ | KYC / AML | Know-your-customer (KYC) and Anti-Money Laundering checks during on-boarding of investors. | $7.50 per individual <br> $50 per entity <br> Invoices to be sent by the 5<sup>th</sup> of the month following services  |
| ◻ | Accreditation | Accreditation of USA investors, valid for 90 days | $50.00 per investor <br> Invoices to be sent by the 5<sup>th</sup> of the month following services  |
| ◻ | Dividend Payment Distribution | Payments in Crypto and Fiat. Costs can be paid by issuer or investor based on issuer preference. | $3.00 per USA investor <br> $12.00 per Non-US investor <br> Due and payable upfront. Fees do not include any "Gas" fees for crypto payments.  |
| ◻ | Yearly Tax Form Generation | Preparation of yearly tax forms for investors (1099-B, 1099-Div, 1099-Int, 1042-S). (When we handle payouts) | $7.00/yr/investor |
| ◻ | Craft Your Story | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · Inside the Deal <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · CEO Video <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · Digital Marketing Creative <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; · Launch Announcement  | $25000 |

---

 **** 

 **<sup>1</sup>** Securitize may increase Monthly Service Fees annually, effective each anniversary of the Order Form Effective Date, upon thirty (30) days' written notice from Securitize to Issuer, provided such adjustments collectively do not exceed a compounded growth rate of six percent (6%) per year. Any work or customization requests by the Issuer not explicitly described herein shall be subject to additional negotiation and fees. The Issuer shall be billed for such agreed fees, which shall be denoted in a supplemental Order Form, prior to beginning work on such requests.

Securitize will issue invoices for fees on the applicable Due Date referenced above. Invoices may be sent electronically and delivered to Issuer at:

---

| | |
|:---|:---|
| Issuer: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hygienic Dress League Corp. <br>|
| ADDRESS: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405 West Grand Blvd. Detroit, MI 48216 <br>|
| PHONE: <br>|  |
| ATTENTION: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steven Coy <br>|
| EMAIL: <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; steve@hdlcorp.io |

---

**1.** **ORDER FORM TERM AND RENEWAL**.

This Order Form shall be effective on the Order Form Effective Date and shall terminate two (2) years from the Order Form Effective Date (the "Initial Term") unless early terminated pursuant to the terms of the Agreement. This Order Form will automatically renew for subsequent one-year periods (each a "Renewal Term") until either Party provides thirty (30) days' prior written notice of its intent not to renew at the end of the Initial Term or any Renewal Term.

 **EXHIBIT B ("SERVICE LEVELS AND SUPPORT")**

Subject to the terms and conditions of the Agreement, Securitize and/or its Affiliates will make the Platform and the Securitize Services available to the Issuer subject to the following service level requirements and limitations commencing upon the Effective Date:

**1.** **AVAILABILITY/UPTIME FOR THE SECURITIZE ENVIRONMENT** 

**1.1.** **Securitize Environment**.
 The "**Securitize Environment**" consists of the servers, storage and networking
 hardware, operating systems, database management systems and operating systems, as well as
 computers owned by Securitize and those of its agents, that are required to be provided by
 Securitize to provide the Platform services to the Issuer.

**1.2.** **Issuer Environment**. The
 "**Issuer Environment**" consists of Issuer's or third party servers,
 storage and networking hardware, operating systems, Internet connectivity, database management
 systems and operating platforms and all application software, as well as computers owned
 by Issuer and those of its agents and Affiliates, that are required to be provided by the
 Issuer in relation to its authorized use of the Platform under the Agreement.

**1.3.** **SLA**. The following is the
 Service Level Agreement ()"**SLA**") for the Platform:

**1.3.1.** <u>Scheduled Maintenance</u>.
 Periodic maintenance on the servers and system elements that support the Securitize Environment,
 for purposes of system upgrades, maintenance, and backup procedures ()"**Scheduled Maintenance**") will be scheduled by Securitize. Primary hours of Securitize service
 level standard support operations are 24x7, less Scheduled Maintenance. Scheduled Maintenance
 up to two (2) days per month, between the hours of 11:00 p.m. and 3:00 a.m., Pacific Time,
 or on some other schedule as determined by Securitize. If emergency maintenance is needed
 to fix critical security vulnerabilities, Securitize will notify Issuer as soon as possible.
 The Issuer acknowledges that it may be necessary for Securitize to begin work and/or apply
 fixes prior to notification of Issuer. Notification of Scheduled Maintenance will be sent
 via email at least 7 days in advance. Notification of emergency maintenance will both be
 called into Issuer at and sent via email to the email address identified in the Order Form
 as soon as is technically feasible.

**1.3.2.** <u>Unscheduled Maintenance</u>.
 The application of ad hoc updates to the Platform ()"**Updates**") will be
 scheduled by Securitize in the event it is necessary for such Updates to occur outside of
 the Scheduled Maintenance times ()"**Unscheduled Maintenance** "). Notification
 of Unscheduled Maintenance will be sent via email to the email address identified in the
 Order Form at least 1 day in advance.

**1.3.3.** <u>Securitize Environment Service Level</u>. In addition to Scheduled Maintenance and Unscheduled Maintenance, there may be
 events that from time to time will make the Securitize Environment not Available (as defined
 below) for a limited amount of time due to unforeseen software, hardware, network, power
 and/or Internet outages ()"**Unscheduled Downtime** "). Notwithstanding anything
 herein to the contrary, Securitize shall have no liability for any failure to meet the Environment
 Performance Requirement set forth herein in the event that: (a) such failure is caused
 by independent, external circumstances that are not within the reasonable control of Securitize;
 (b) the outage condition is not directly caused by the Securitize Environment (e.g., outages
 caused by plant issues, operational or maintenance errors in Issuer Environment); or (c)
 the failure to implement any fixes, patches or other workarounds recommended by Securitize
 to Issuer to the extent the implementation of such fixes, patches or other workarounds are
 technically feasible and commercially practical.

**1.3.4.** Securitize and/or its Affiliates
 will operate the Securitize Environment, as set forth below, to be Available and functioning
 within the relevant SLA defined herein, measured on a monthly basis (the "**Environment Performance Requirement** "). For the purposes of this SLA Addendum, "**Available** "
 means that the Securitize Environment is accessible based on SLA measurement techniques for
 ninety-nine and five tenths percent (99.5%) of the time 24 hours a day, seven days per week,
 excluding Scheduled Maintenance or any loss or interruption of services resulting from actions
 or inactions of Issuer, or their respective equipment or service providers. Actual availability
 percentage will be calculated with the following formula:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. 100%
 minus [((X) Total Unscheduled Downtime and Unscheduled Maintenance minutes in a month; divided
 by (Y) total minutes in said month); multiplied by (Z) 100%] = availability percentage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Uptime
 measurements are on fifteen minute intervals, utilizing Keynote UP5 measurements or another
 equivalent, technically feasible and commercially-reasonable measurement technique.

**2.** **SUPPORT SERVICES** 

**2.1.** <u>Support Service Issues.</u> Support service issues are grouped into the following four levels, in each case pertaining
 to issues that are caused by and in the sole control of Securitize, and excluding, for example,
 problems caused by Issuer or the Issuer Environment.

---

| | |
|:---|:---|
| **Service Level** <br>| **Definition** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P1 | Severe problems with Platform resulting in complete work stoppage for a large number of users. No alternatives or work-around identified and work cannot continue. <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P2 | Critical issue which interferes with investors accessing the Platform or making an investment using the standard flow. <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P3 <br>| Issue which interferes with a minor function of Platform but an acceptable work-around is in place.  |

---

**2.2.** Securitize and/or its Affiliates
 will notify and respond to Issuer regarding a reported issue as soon as an issue is noted
 within the response times below:

---

| | |
|:---|:---|
| **Service Level** <br>| **Target Response Times** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P1 <br>| 2 business hours |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P2 <br>| 4 business hours |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P3 <br>| Within 7 business days |

---

**2.2.1.** Securitize and/or its Affiliates
 shall provide an update by email to a mutually agreed upon distribution list each hour in
 the case of P1 problems and every 4 hours in the case of P2 problems.

**2.2.2.** The Issuer shall have direct
 access 24 hours per day, 7 days per week, 365 days per year, to Securitize or its Affiliates'
 online technical support system to report any service issues. In the event of a failure in
 the case of P1, or in the case of P2 a multiple failure, on the part of Securitize to achieve
 target response times, Securitize will promptly apply additional technical resources to the
 problems, including without limitation, Securitize's technical resources most knowledgeable
 about the problems. This addition of resource shall continue until all relevant technical
 resources have been applied and/or the relevant problem has been resolved. In such cases
 and at Issuer's request, Securitize shall promptly supply Issuer with a list of all
 technical resources working to resolve the problem.

**3.** **ISSUER OBLIGATIONS** 

**3.1.** **General; Compliance with Procedure** s.
 The Issuer shall at all times comply with Securitize's policies, procedures and controls,
 as relevant.

**3.2.** **Issuance Size Notification.** The Issuer shall at all times provide true and accurate information to Securitize concerning
 the Issuer's authorized and outstanding securities. The Issuer must notify Securitize
 of any changes to the number of authorized and outstanding securities in writing at compliance@securitize.io,
 or any other email address selected by Securitize, promptly after any change is made. Securitize
 shall have the right to restrict any follow on, secondary, or any increases of the Issuer's
 outstanding securities in the event that the Issuer has failed to make adequate disclosure
 to investors or similar regulatory compliance issues.

**3.3.** **Control Affiliate Certification**.
 Prior to the commencement of any issuance, Issuer shall provide a true and accurate list
 of all "affiliates" for purposes of Rule 144 of the Securities Act of 1933, as
 amended. Issuer shall provide Securitize with a quarterly update certificate, to be delivered
 within five (5) days of the end of each fiscal quarter, specifying whether there have been
 any changes to their previously provided affiliate list. Additionally, on an ongoing basis,
 Issuer shall promptly notify Securitize in writing when any new persons or entities attain
 affiliate status during a fiscal quarter.

**3.4.** **Lost, Stolen, or Unclaimed Securities.** The Issuer shall promptly notify Securitize of any lost, stolen, unclaimed, or abandoned
 digital Securities and provide Securitize with written instructions as to the measures to
 be taken with respect to such lost, stolen, unclaimed, or abandoned digital securities. Securitize
 shall be entitled to demand recompense for the costs associated with replacing or reclaiming
 any digital securities, along with a separate indemnity from the Issuer. The Issuer shall
 comply with all state and federal laws governing and regulating the handling of lost, stolen,
 unclaimed or abandoned property. In particular, the Issuer shall send year-end statements
 to security holders to establish and maintain communications with security holders and avoid
 dormancy and Issuer shall send final escheatment notices to security holders to inform them
 of a potential transfer of the property to the state.

**3.5.** **Buy-in Responsibility**. In
 the event of an issuance, resale or transfer of Securities that resulted from incorrect information
 regarding authorized and outstanding Securities provided by the Issuer or a failure by the
 Issuer to provide information necessary to implement a transfer or resale restriction (e.g.,
 affiliate information), the Issuer agrees and acknowledges that Securitize and/or its Affiliates
 may buy-in the security to satisfy the obligations of the counterparty to the transfer or
 resale. In such cases, the Issuer agrees to satisfy the entire amount to buy-in the securities
 to accommodate the counterparty.

 **EXHIBIT C: NOT APPLICABLE** 

 **EXHIBIT D: DATA PROTECTION (EU DATA SUBJECTS)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Definitions** 

In this Exhibit D, the following terms shall have the meanings set out below. Capitalized terms used in this Exhibit D but not defined shall have the meaning set out in the Agreement.

 **"EU Data Subject"** means an identified or identifiable natural person who is domiciled in the European Union.

 **"Data Subject Request"** means a request made by an EU Data Subject to exercise any rights of data subjects under applicable EU Data Protection Laws.

 **"Delete"** means the removal or obliteration of EU Personal Data such that it cannot be recovered or reconstructed.

 **"EU Data Protection Laws"** means any applicable law regarding the processing, privacy and use of EU Personal Data including any laws and regulations of the European Union, the European Economic Area and their member states including the GDPR.

 **"EU Personal Data"** means any personal data of an EU Data Subject as processed by Securitize or any Sub-Processor on behalf of the Issuer, pursuant to or in connection with the Agreement.

 **"GDPR"** means the EU General Data Protection Regulation 2016/679.

 **"Personal Data Breach"** means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, EU Personal Data transmitted, stored or otherwise processed.

 **"Standard Contractual Clauses"** means the Standard Contractual Clauses (processors) set out in Decision 2010/87/EC and included in Annex 4 to this Exhibit [C][D].

 **"Sub-Processor"** means any person (including a third party) appointed by or on behalf Securitize to process EU Personal Data on behalf of the Issuer in connection with the Services.

 **"Supervisory Authority"** means any local, national or multinational agency, department, official, parliament, public or statutory person or any government or professional body, regulatory or supervisory authority, board or other body responsible for administering applicable EU Data Protection Laws.

In this Exhibit D references to "**controller**", "**data subject**", **"personal data"**, "**processor**" and "**processing**" shall have the meanings ascribed to them in the GDPR and their cognate terms shall be construed accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Data Processing** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 The Parties acknowledge and agree that
 some or all of the Services to be provided by Securitize pursuant to this Agreement may involve
 Securitize processing EU Personal Data and that the Issuer will be a controller and Securitize
 will be the processor when processing such EU Personal Data pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 Securitize shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) comply with applicable EU Data Protection
 Laws when processing EU Personal Data; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) only process EU Personal Data in
 accordance with the Issuer's documented written instructions or as otherwise agreed in writing
 between the Parties, unless the processing is required by any applicable laws to which Securitize,
 or relevant Sub-Processor is subject.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 The Issuer instructs and grants a general
 written authorization for Securitize (and authorizes Securitize to instruct each Sub-Processor)
 to process EU Personal Data and represents and warrants that it is and will at all times
 remain duly and effectively authorised to give the instruction set out in this paragraph 2.3
 of this Exhibit D and have in place all fair processing notices and (where applicable)
 consent mechanisms for EU Data Subjects sufficient to ensure that all processing of EU Personal
 Data envisaged by this Agreement will be lawful.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 Annex 1 to this Exhibit D sets out
 the scope, nature, purpose of the processing by Securitize the duration of the processing,
 the types of EU Personal Data and the categories of EU Data Subjects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Technical and organisational measures and security** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 Taking into account the state of the art,
 the costs of implementation and the nature, scope, context and purposes of processing as
 well as the risk of varying likelihood and severity for the rights and freedoms of natural
 persons, Securitize shall implement and maintain, appropriate technical and organisational
 measures in relation to the processing of EU Personal Data by Securitize to ensure a level
 of security appropriate to that risk including, as appropriate, the measures referred to
 in applicable EU Data Protection Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 Securitize shall take reasonable steps
 to ensure that any employee, agent or contractor of Securitize or any Sub-Processor who may
 have access to EU Personal Data are subject to confidentiality undertakings or other contractual,
 professional or statutory obligations of confidentiality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Sub-Processors** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The Issuer authorizes Securitize to appoint
 (and permits each Sub-Processor appointed in accordance with this paragraph 4 to appoint)
 Sub-Processors in accordance with this paragraph 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 Securitize may continue to use those Sub-Processors
 already engaged by Securitize as at the date of this Agreement including Amazon Web Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 Securitize shall give the Issuer notice
 of the appointment of any new Sub-Processor. If, within ten (10) business days
 of receipt of that notice, the Issuer notifies Securitize in writing of any objections (on
 reasonable grounds) to the proposed appointment, Securitize shall not appoint that proposed
 Sub-Processor until reasonable steps have been taken to address the objections raised by
 the Issuer and the Issuer has been provided with a reasonable written explanation of the
 steps taken. Where Securitize is unable to address the objections raised by the Issuer, notwithstanding
 any other provisions in this document, either Party may by written notice to the other Party
 with immediate effect terminate this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.** **EU Data Subject rights** 

Securitize shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) notify the Issuer without undue delay
 if it receives a Data Subject Request in respect of any EU Personal Data; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) use commercially reasonable efforts
 to assist the Issuer in dealing with any Data Subject Requests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Data protection impact assessment and audit** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 Securitize shall provide commercially
 reasonable assistance to the Issuer with any data protection impact assessments, and prior
 consultations with Supervisory Authorities which the Issuer reasonably considers to be required
 by Article 35 or 36 of the GDPR in each case solely in relation to processing of EU Personal
 Data by Securitize and taking into account the nature of the processing and information available
 to Securitize.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 The Issuer agrees to exercise its right
 to conduct an audit or inspection under EU Data Protection Laws by instructing Securitize
 or its Sub-Processors to carry out the audit described in paragraph 6.3 (below). If
 the Issuer wishes to change this instruction regarding audit, then the Issuer has the right
 to request a change to this instruction by sending Securitize a written notice as provided
 in clause 17.1 of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 Securitize and its Sub-Processors verify
 the adequacy of its technical and organisational security measures by performing an audit
 at least once annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Incident and breach notification** 

Securitize, on becoming aware of a Personal Data Breach shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) notify the Issuer without undue delay
 of the occurrence of such Personal Data Breach; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) provide the Issuer with sufficient
 information as is reasonably available to allow the Issuer to meet any of its obligations
 to report a Personal Data Breach or to inform EU Data Subjects under applicable EU Data Protection
 laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Deletion or Return of Personal Data** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 Subject to paragraph 8.2 of this
 Exhibit [C][D], Securitize shall on receipt of a written request from the Issuer upon
 termination of the Services:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) return a complete copy of all EU
 Personal Data it and each Sub-Processor has in current possession, to the Issuer by secure
 file transfer; and /or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Delete and procure the Deletion of
 all copies of EU Personal Data held by itself and any Sub-Processor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 Notwithstanding paragraph 8.1 of
 this Exhibit [C][D], the Parties agree that Securitize and each Sub-Processor may retain
 EU Personal Data to the extent required by and for such period as required by applicable
 laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Transfer outside the European Economic Area** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 Each of Securitize (as "data importer")
 and the Issuer (as "data exporter") hereby enter into these Standard Contractual
 Clauses in connection with any transfer of EU Personal Data where an appropriate safeguard
 is to be implemented in accordance with Article 46 of the GDPR.

 **<u>Annex 1 to Exhibit D</u>**

This Annex 1 includes certain details of the processing of EU Personal Data as required by Article 28(3) of the GDPR.

---

| | |
|:---|:---|
| **Subject Matter <br> of processing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The performance of the Services under this Agreement. |
| **Duration of <br> processing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The processing shall continue until the later of: <br>the Agreement being terminated in accordance with its terms and any notice period or transition period prescribed by Agreement having expired; and <br>Securitize no longer being subject to an applicable legal or regulatory requirement to continue to store the EU Personal Data. <br>|
| **Nature and <br> purpose of <br> processing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The processing is being conducted in order to facilitate the performance of the Services. |
| **Types of EU <br> Personal Data** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuer Data |
| **Categories of <br> EU Data Subject** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Participants |
| **Obligations and <br> rights of the <br> Issuer (as <br> controller)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As set out in this Agreement. |

---

 **<u>Annex 2 to Exhibit D</u>**

 **<u>Population of Appendix 1 of the Standard Contractual Clauses</u>**

 **<u>Data exporter</u>**

The data exporter is Security Token Market

 **<u>Data importer</u>**

The data importer is Securitize LLC.

 **<u>Data subjects</u>**

The personal data transferred concern the following categories of data subjects:

This section is deemed to be populated with the content of the section headed "Categories of Data Subject" in Annex 1 to this Exhibit D.

 **<u>Categories of data</u>**

The personal data transferred concern the following categories of data:

This section is deemed to be populated with the content of the section headed "Types of Personal Data" in Annex 1 to this Exhibit D.

 **<u>Special categories of data (if appropriate)</u>**

The personal data transferred concern the following special categories of data:

No special categories of EU Personal Data are processed.

 **<u>Processing operations</u>**

The personal data transferred will be subject to the following basic processing activities:

The processing operations are processing of personal data as necessary to provide the Services as set out in the Agreement.

 **<u>Annex 3 to Exhibit D</u>**

 **Technical and Organizational Measures** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1 The technical and organizational
 measures (the **"Measures"**) set out within clause 7.5 of this Agreement
 shall apply wherever EU Personal Data is processed by Securitize (i.e. whether processing
 is undertaken the EEA or elsewhere), unless otherwise expressly stated and agreed between
 the Parties in writing.

&nbsp;&nbsp;&nbsp;&nbsp;1.2 The Measures shall be deemed to populate
 Appendix 2 of the Standard Contractual Clauses.

 **<u>Annex 4 to Exhibit D</u>**

 **<u>Standard Contractual Clauses (processors) set out in Decision 2010/87/EC</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **1. DEFINITIONS**

For the purposes of the Clauses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a) personal data**, **special categories of data**, **process/processing**, **controller**, **processor**, **data subject** and **supervisory authority** shall have the same meaning as in Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data (1);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b) the data exporter** means the controller who transfers the personal data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(c) the data importer** means the processor who agrees to receive from the data exporter personal data intended for processing on its behalf after the transfer in accordance with its instructions and the terms of the Clauses and who is not subject to a third country's system ensuring adequate protection within the meaning of Article 25(1) of Directive 95/46/EC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(d) the sub-processor** means any processor engaged by the data importer or by any other sub-processor of the data importer who agrees to receive from the data importer or from any other sub-processor of the data importer personal data exclusively intended for processing activities to be carried out on behalf of the data exporter after the transfer in accordance with its instructions, the terms of the Clauses and the terms of the written subcontract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(e) the applicable data protection law** means the legislation protecting the fundamental rights and freedoms of individuals and, in particular, their right to privacy with respect to the processing of personal data applicable to a data controller in the Member State in which the data exporter is established;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(f) technical and organizational security measures** means those measures aimed at protecting personal data against accidental or unlawful destruction or accidental loss, alteration, unauthorized disclosure or access, in particular where the processing involves the transmission of data over a network, and against all other unlawful forms of processing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **2. DETAILS OF THE TRANSFER**

The details of the transfer and in particular the special categories of personal data where applicable are specified in Annex A which forms an integral part of the Clauses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **3. THIRD-PARTY BENEFICIARY CLAUSE**

The data subject can enforce against the data exporter this Clause 3, Clause 4(b) to Clause 4(i), Clause 5(a) to Clause 5(e) and Clause 5(g) to Clause 5(j), Clause 6.1 and Clause 6.2, Clause 7, Clause 8.2 and Clause 9 to Clause 12 as third-party beneficiary.

The data subject can enforce against the data importer this Clause, Clause 5(a) to Clause 5(e) and Clause 5(g), Clause 6, Clause 7, Clause 8.2 and Clause 9 to Clause 12, in cases where the data exporter has factually disappeared or has ceased to exist in law unless any successor entity has assumed the entire legal obligations of the data exporter by contract or by operation of law, as a result of which it takes on the rights and obligations of the data exporter, in which case the data subject can enforce them against such entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **3.1** The data subject can enforce against the sub-processor this Clause 3.1, Clause 5(a) to Clause 5(e) and Clause 5(g), Clause 6, Clause 7, Clause 8.2, and Clause 9 to Clause 12, in cases where both the data exporter and the data importer have factually disappeared or ceased to exist in law or have become insolvent, unless any successor entity has assumed the entire legal obligations of the data exporter by contract or by operation of law as a result of which it takes on the rights and obligations of the data exporter, in which case the data subject can enforce them against such entity. Such third-party liability of the sub-processor shall be limited to its own processing operations under the Clauses.

The parties do not object to a data subject being represented by an association or other body if the data subject so expressly wishes and if permitted by national law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **4. OBLIGATIONS OF THE DATA EXPORTER**

&nbsp;&nbsp;&nbsp;&nbsp;The data exporter agrees and warrants:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a)** that the processing, including the transfer itself, of the personal data has been and will continue to be carried out in accordance with the relevant provisions of the applicable data protection law (and, where applicable, has been notified to the relevant authorities of the Member State where the data exporter is established) and does not violate the relevant provisions of that State;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b)** that it has instructed and throughout the duration of the personal data-processing services will instruct the data importer to process the personal data transferred only on the data exporter's behalf and in accordance with the applicable data protection law and the Clauses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(c)** that the data importer will provide sufficient guarantees in respect of the technical and organizational security measures specified in Annex B to this contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(d)** that after assessment of the requirements of the applicable data protection law, the security measures are appropriate to protect personal data against accidental or unlawful destruction or accidental loss, alteration, unauthorized disclosure or access, in particular where the processing involves the transmission of data over a network, and against all other unlawful forms of processing, and that these measures ensure a level of security appropriate to the risks presented by the processing and the nature of the data to be protected having regard to the state of the art and the cost of their implementation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(e)** that it will ensure compliance with the security measures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(f)** that, if the transfer involves special categories of data, the data subject has been informed or will be informed before, or as soon as possible after, the transfer that its data could be transmitted to a third country not providing adequate protection within the meaning of Directive 95/46/EC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(g)** to forward any notification received from the data importer or any sub-processor pursuant to Clause 5(b) and Clause 8.3 to the data protection supervisory authority if the data exporter decides to continue the transfer or to lift the suspension;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(h)** to make available to the data subjects upon request a copy of the Clauses, with the exception of Annex B and a summary description of the security measures, as well as a copy of any contract for sub-processing services which has to be made in accordance with the Clauses, unless the Clauses or the contract contain commercial information, in which case it may remove such commercial information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(i)** that, in the event of sub-processing, the processing activity is carried out in accordance with Clause 11 by a sub-processor providing at least the same level of protection for the personal data and the rights of data subjects as the data importer under the Clauses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(j)** that it will ensure compliance with Clause 4(a) to Clause 4(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5. OBLIGATIONS OF THE DATA IMPORTER**

The data importer agrees and warrants:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a)** to process the personal data only on behalf of the data exporter and in compliance with its instructions and the Clauses; if it cannot provide such compliance for whatever reasons, it agrees to inform promptly the data exporter of its inability to comply, in which case the data exporter is entitled to suspend the transfer of data and/or terminate the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b)** that it has no reason to believe that the legislation applicable to it prevents it from fulfilling the instructions received from the data exporter and its obligations under the contract and that in the event of a change in this legislation which is likely to have a substantial adverse effect on the warranties and obligations provided by the Clauses, it will promptly notify the change to the data exporter as soon as it is aware, in which case the data exporter is entitled to suspend the transfer of data and/or terminate the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(c)** that it has implemented the technical and organizational security measures specified in Annex B before processing the personal data transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(d)** that it will promptly notify the data exporter about:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(i)** any legally binding request for disclosure of the personal data by a law enforcement authority unless otherwise prohibited, such as a prohibition under criminal law to preserve the confidentiality of a law enforcement investigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(ii)** any accidental or unauthorized access; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(iii)** any request received directly from the data subjects without responding to that request, unless it has been otherwise authorized to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(e)** to deal promptly and properly with all inquiries from the data exporter relating to its processing of the personal data subject to the transfer and to abide by the advice of the supervisory authority with regard to the processing of the data transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(f)** at the request of the data exporter to submit its data processing facilities for audit of the processing activities covered by the Clauses which shall be carried out by the data exporter or an inspection body composed of independent members and in possession of the required professional qualifications bound by a duty of confidentiality, selected by the data exporter, where applicable, in agreement with the supervisory authority;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(g)** to make available to the data subject upon request a copy of the Clauses, or any existing contract for sub-processing, unless the Clauses or contract contain commercial information, in which case it may remove such commercial information, with the exception of Annex B which shall be replaced by a summary description of the security measures in those cases where the data subject is unable to obtain a copy from the data exporter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(h)** that, in the event of sub-processing, it has previously informed the data exporter and obtained its prior written consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(i)** that the processing services by the sub-processor will be carried out in accordance with Clause 11; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(j)** to send promptly a copy of any sub-processor agreement it concludes under the Clauses to the data exporter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **6. LIABILITY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **6.1** The parties agree that any data subject, who has suffered damage as a result of any breach of the obligations referred to in Clause 3 or in Clause 11 by any party or sub-processor is entitled to receive compensation from the data exporter for the damage suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **6.2** If a data subject is not able to bring a claim for compensation in accordance with paragraph 1 against the data exporter, arising out of a breach by the data importer or its sub-processor of any of their obligations referred to in Clause 3 or in Clause 11 because the data exporter has factually disappeared or ceased to exist in law or has become insolvent, the data importer agrees that the data subject may issue a claim against the data importer as if it were the data exporter, unless any successor entity has assumed the entire legal obligations of the data exporter by contract or by operation of law, in which case the data subject can enforce its rights against such entity.

The data importer may not rely on a breach by a sub-processor of its obligations in order to avoid its own liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **6.3** If a data subject is not able to bring a claim against the data exporter or the data importer referred to in paragraphs 1 and 2, arising out of a breach by the sub-processor of any of their obligations referred to in Clause 3 or in Clause 11 because both the data exporter and the data importer have factually disappeared or ceased to exist in law or have become insolvent, the sub-processor agrees that the data subject may issue a claim against the data sub-processor with regard to its own processing operations under the Clauses as if it were the data exporter or the data importer, unless any successor entity has assumed the entire legal obligations of the data exporter or data importer by contract or by operation of law, in which case the data subject can enforce its rights against such entity. The liability of the sub-processor shall be limited to its own processing operations under the Clauses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **7. MEDIATION AND JURISDICTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **7.1** The data importer agrees that if the data subject invokes against its third-party beneficiary rights and/or claims compensation for damages under the Clauses, the data importer will accept the decision of the data subject:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a)** to refer the dispute to mediation, by an independent person or, where applicable, by the supervisory authority;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b)** to refer the dispute to the courts in the Member State in which the data exporter is established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **7.2** The parties agree that the choice made by the data subject will not prejudice its substantive or procedural rights to seek remedies in accordance with other provisions of national or international law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **8. COOPERATION WITH SUPERVISORY AUTHORITIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **8.1** The data exporter agrees to deposit a copy of this contract with the supervisory authority if it so requests or if such deposit is required under the applicable data protection law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **8.2** The parties agree that the supervisory authority has the right to conduct an audit of the data importer, and of any sub-processor, which has the same scope and is subject to the same conditions as would apply to an audit of the data exporter under the applicable data protection law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **8.3** The data importer shall promptly inform the data exporter about the existence of legislation applicable to it or any sub-processor preventing the conduct of an audit of the data importer, or any sub-processor, pursuant to paragraph 2. In such a case the data exporter shall be entitled to take the measures foreseen in Clause 5(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **9. GOVERNING LAW**

The Clauses shall be governed by the law of the Member State in which the data exporter is established, namely ....................................................................................

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **10. VARIATION OF THE CONTRACT**

The parties undertake not to vary or modify the Clauses. This does not preclude the parties from adding clauses on business related issues where required as long as they do not contradict the Clauses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **11. SUB-PROCESSING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **11.1** The data importer shall not subcontract any of its processing operations performed on behalf of the data exporter under the Clauses without the prior written consent of the data exporter. Where the data importer subcontracts its obligations under the Clauses, with the consent of the data exporter, it shall do so only by way of a written agreement with the sub-processor which imposes the same obligations on the sub-processor as are imposed on the data importer under the Clauses. Where the sub-processor fails to fulfil its data protection obligations under such written agreement the data importer shall remain fully liable to the data exporter for the performance of the sub-processor's obligations under such agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **11.2** The prior written contract between the data importer and the sub-processor shall also provide for a third-party beneficiary clause as laid down in Clause 3 for cases where the data subject is not able to bring the claim for compensation referred to in paragraph 1 of Clause 6 against the data exporter or the data importer because they have factually disappeared or have ceased to exist in law or have become insolvent and no successor entity has assumed the entire legal obligations of the data exporter or data importer by contract or by operation of law. Such third-party liability of the sub-processor shall be limited to its own processing operations under the Clauses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **11.3** The provisions relating to data protection aspects for sub-processing of the contract referred to in paragraph 1 shall be governed by the law of the Member State in which the data exporter is established, namely ...........................................

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **11.4** The data exporter shall keep a list of sub-processing agreements concluded under the Clauses and notified by the data importer pursuant to Clause 5(j), which shall be updated at least once a year. The list shall be available to the data exporter's data protection supervisory authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **12. OBLIGATION AFTER THE TERMINATION OF PERSONAL DATA PROCESSING SERVICES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **12.1** The parties agree that on the termination of the provision of data-processing services, the data importer and the sub-processor shall, at the choice of the data exporter, return all the personal data transferred and the copies thereof to the data exporter or shall destroy all the personal data and certify to the data exporter that it has done so, unless legislation imposed upon the data importer prevents it from returning or destroying all or part of the personal data transferred. In that case, the data importer warrants that it will guarantee the confidentiality of the personal data transferred and will not actively process the personal data transferred anymore.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **12.2** The data importer and the sub-processor warrant that upon request of the data exporter and/or of the supervisory authority, it will submit its data-processing facilities for an audit of the measures referred to in paragraph 1.

## Ex1A-6

**Exhibit 1A-6.3**

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| | |
|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

---

 **PUBLIC RELATIONS AGREEMENT**

This agreement is made and entered into as of November 15, 2021 ("Effective Date"), by and between A&O PR ("A&O PR") and Hygienic Dress League ("Client"). In consideration of the mutual covenants and representations contained in this Agreement, the two parties hereby agree as follows.

1. **Scope of Work and Timeline**

The Coys are presently seeking a reputable fine arts PR firm to aid in the promotion of their forthcoming SEC filing, NFT launch and shareholder announcements. The desired firm will possess an understanding of the contemporary art framework that roots this next phase in HDL's practice, while aligning with external teams including general counsel (legal) and finance PR professionals.

Timeline will begin on Effective Date and extend through May 15, 2022 with option to extend.

2. **PR Deliverables**

A&O PR recommends the following services and deliverables for this scope:

+ Goal-setting to determine desired outcomes, some of which may include target publications, audience reach, shaping perception, growing awareness, spokesperson development and shaping of key messaging

+ 6-month strategy that outlines the timing for the campaign, angles that will be developed over the course of the campaign, key messages, target writers and target publications for outreach

+ Messaging development to hone language used to describe HDL, the SEC filing, and the forthcoming NFT drop, contextualized within the past IPO

+ Strategic counsel bringing A&O's unique expertise as a fine art PR firm well-versed in the NFT space

+ Media list research and development that is targeted for each announcement based on timing and fit

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|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

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+ Press targets will include news, business, NFT, arts and culture press including:

Artforum

Artnet

ARTnews

Business Insider

Departures

Detroit Free Press

Detroit Metro Times

Detroit News

Flaunt

Forbes

Hypebeast

Hyperallergic

New Yorker

NFT Magazine

NFTS.tips

NFTS.wtf

The Art Newspaper

Whitehot Magazine

Etc.

+ Pitch writing

+ Pitching to national short lead (digital outlets, dailies and weeklies) and long lead (print) publications

+ Pitch strategy that further develops opportunities through exclusives, embargoes, and bespoke opportunities

+ Press placement in local and regional press across target sectors

+ Press release distribution via direct pitch, e-blast and newswire where budget allows

+ Media kit gathering including boiler plates, releases, bios, headshots, press images, backgrounders and fact sheets

+ Media training for spokespersons, as needed

+ Talking points development for press junkets, as needed

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|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

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+ Campaign tracked through a media grid that compiles a spreadsheet of strategy and efforts

+ Crisis management as needed

+ Weekly or bi-weekly meetings

+ Press clipping

+ Reporting and analytics

3. **Timing.**

A&O PR is responsible for completing all work in a timely manner given the Client provides necessary components, such as press release assets, press images and approvals in accordance with the finalized timeline and according to industry deadlines, whenever possible.

4. **Travel and Expenses**

Upon Client's prior, written approval, client is responsible for covering airfare, accommodations, transportation and business-related expenses for A&O PR for any reasonable travel as needed to fulfill the obligations as set forth in this contract.

5. **Client Obligations.**

Client agrees to provide A&O PR with high-resolution images, interview subjects, appropriate dates, relevant biographical information, web content, project background material and relevant copy in a timely manner.

6. **Compensation and Expenses.**

a) A&O PR fee for Public Relations services outlined in this contract is $5,000 per month

b) Payments will be due and payable on the first of each month beginning December 1, 2021, with final retainer due May 1, 2022

c) Payments can be made via the following methods:

Quickbooks online payment

Intuit Payment Network via credit/debit card

ACH bank transfer or Chase QuickPay (Zelle)

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| | |
|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

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Wire transfer to:

Chase Bank

270 Park Avenue

New York, NY 10017

Routing # 325070760

Account # 937865363

SWIFT code is: CHASUS33

Mailed checks:

A&O PR

Attn: Accounting

2124 NE 57th Ave.

Portland, OR 97213

Carrying charges in the amount of 10% per annum shall accrue on any amounts not paid according to the payment schedule set forth herein.

A&O PR is required to get prior written approval on all expenses. Such approval may be made by email. Expenses shall be invoiced by A&O PR and shall be due upon receipt. Carrying charges in the amount of 10% shall begin to accrue 45 days from invoice date.

7. **Delegation of Duties.**

A&O PR may delegate any of its duties under this Agreement to any subcontractor as A&O PRs deems necessary, however A&O PR shall remain responsible for any duties so delegated. A&O PR is responsible for the supervision and payment of subcontractors.

8. **Best Commercially Reasonable Efforts.**

A&O PR will make its best commercially reasonable effort to secure visibility in the press. Client agrees that the amount of coverage that results from the publicity campaign designed by A&O PR under this Agreement is not guaranteed.

9. **Independent Relationship.**

The sole relationship between Client and A&O PR shall be that of independent contractors. Nothing herein shall be construed to constitute Client and A&O PR as employers, employees, joint ventures, or agents of each other in any way whatsoever. Neither party shall have any right, power or authority to create any obligation, express or implied, on behalf of the other except as defined in the Agreement or as mutually agreed to under the terms of the Agreement. The employees or agents of one party from payments due hereunder. A&O PR is responsible for paying its Federal, state and local taxes.

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| | |
|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

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10. **Termination.**

Either Party may terminate this Agreement with thirty (30) days with written notice. If the Agreement is terminated, A&O PR will retain all payments paid to date for work completed, and shall promptly submit an invoice for final payment of amounts due for services rendered. Upon receipt of final payment, the respective obligations and responsibilities of both parties under this Agreement shall

terminate.

Changes to Scope of Work after the kick-off may involve additional costs and may push back the delivery date. The Budget Estimate is based on what has been described in the Scope of Work and Public Relations sections. If project requires additional work and labor, a Change Order approved by both parties will be issued accordingly.

11. **Confidential Information.**

Client and A&O PR acknowledge and agree that during A&O PR's performance of Services, each of them may be exposed to information relating to the other that is not generally known by third parties, including without limitation information regarding such other party's business, finances, customers, employees, technology, operations, products, and plans, whether or not designated by such other party as being proprietary or confidential (collectively, "Confidential Information"). Each of Client and A&O PR shall use the other's Confidential Information solely as may be strictly necessary to further such party's performance of its obligations under this Agreement and for no other purposes whatsoever. Each of Client and A&O PR shall, to the very best of such party's ability, strictly maintain the confidentiality and proprietary nature of the other party's Confidential Information using the highest possible degree of care, and shall not disclose any such Confidential Information to any third parties without the prior written consent of the owner of such Confidential Information.

12. **Materials Provided by Client.**

Client hereby represents and warrants to A&O PR that any materials that Client provides to A&O PR does not and shall not infringe any third party copyright, trademark, trade secret, or other intellectual property right. Client shall defend, indemnify, and hold A&O PR harmless from all liabilities, damages, losses, and expenses (including without limitation attorney's fees and court costs) owed to any third party arising from claims against A&O PR as a result of Client's breach of the foregoing representation and warranty. The rights and remedies granted to A&O PR hereunder are cumulative and in addition to all other rights A&O PR has under applicable law.

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|:---|:---|
| ![](ao_logo.jpg) | 2124 NE 57th Ave, Portland, OR 97213 |

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13. **Mediation-Arbitration.**

If a dispute shall arise under the terms of this Agreement, the parties agree to work in good faith to resolve the dispute. If they are unable to do so within a thirty-day period, either party may submit the dispute to mediation

14. **Miscellaneous**.

This Agreement shall be constructed under the laws of the State of Oregon. Any amendments, modifications or changes to this Agreement will require the prior written consent of both parties. This Agreement may be executed in facsimile copies or other counterparts, each of which when signed by both parties shall be deemed to be an original.

15. **Entire Agreement.**

This Agreement hereby constitutes the entire agreement between A&O PR and Client.

![](a16_3sig.jpg)

## Ex1A-6

**Exhibit 1A-6.4**

Securitize Markets, LLC

535 5<sup>th</sup> Avenue

16<sup>th</sup> Floor

New York, NY 10017

January 4, 2022

Hygienic Dress League Corp.

405 West Grand Blvd.

Detroit, MI 48216

Re: Regulation A Offering

This agreement (this "**Agreement**") will confirm the arrangements under which Securitize Markets, LLC ("**SM**") has been engaged by Hygienic Dress League Corp., a Delaware corporation (the "**Company**"), to provide the services set forth below in connection with the Offering (as defined below).

1. <u>Services</u>. The Company hereby retains SM and SM agrees to act as a non-exclusive placement agent in connection with an offering to investors of up to an aggregate of 600,000 of securities (the "**Securities**") relying on an exemption from registration under the Securities Act of 1933, as amended ("**Securities Act**"), pursuant to Regulation A (the "**Offering**"). The Securities are being offered pursuant to a confidential private placement memorandum together with any applicable exhibits, attachments, amendments or supplements thereto prepared and furnished by the Company (the "**Memorandum**").

The Company shall pay SM the compensation set forth in Section 3 of this Agreement with respect to Securities sold in the Offering to "accredited investors"1 and institutional investors who invest in the Offering through the Site (as defined below) (each an "**Investor**"). Notwithstanding the foregoing, SM shall have no authority to bind the Company with respect to any prospective offer to purchase the Securities.

The Offering will be offered and sold to eligible Investors electronically through a website maintained by SM (the "**Site**"). In connection with the Offering, SM will: (i) post the Memorandum and a purchase agreement for the Offering on the Site and any marketing materials (*e.g.*, pitchbooks, etc.) or other materials as agreed upon by SM and the Company (the Memorandum and such other materials collectively, the "**Offering Materials**") to be viewed by potential Investors that have been approved by SM prior to first use; (ii) provide an electronic platform for the offer to, and the purchase by Investors of, Securities being offered in the Offering; (iii) accept, record, confirm and reconfirm, if applicable, Investor commitments; (iv) open accounts for eligible Investors with SM and other SM affiliates if necessary; (v) provide Offering updates; and (vi) to the extent necessary, have processes in place to issue Investor transaction confirmations and statements to Investors containing the terms of their investment.

<u> </u>

<sup>1</sup> *See* Rule 501 of Regulation D under the Securities Act for the definition of accredited investor.

The Company will promptly take all actions necessary to qualify the offer and sale of the Securities as a private placement under U.S. federal and state securities ("blue sky") laws, as applicable. To the extent necessary, these actions shall be taken in each relevant jurisdiction prior to SM posting Offering Materials on the Site or otherwise marketing the Securities. The Company shall be solely responsible for monitoring compliance by it and its affiliates with laws and regulations applicable to the registration or exemption of the Offering. The Company will file in a timely manner with the SEC and/or each state regulatory authority any notices or other filings with respect to the Securities required by the rules promulgated under the Securities Act and/or applicable state laws or regulations and shall, upon SM's written request, furnish to SM a signed copy of each such notice or filing. SM shall cooperate with the Company, and provide the Company with information as requested by the Company in order to facilitate such filings.

2. <u>Cooperation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The Company authorizes SM and its affiliates or agents to review and perform due diligence of the Company and Offering. The Company shall furnish SM with the information and data that SM requests in connection with SM's services under this Agreement, and the Company hereby represents and warrants that all such information, including, without limitation, the Offering Materials, shall be true and correct and shall not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading at all times (the "**Issuer Information**"). The Company acknowledges and agrees that SM will use the Issuer Information provided by the Company and other information SM requests from the Company to, among other things, perform or obtain reviews of the Company and Offering as well as required reviews of the background of the Company, its affiliates and predecessors, and its officers, directors and 20 percent shareholders (so-called "**Bad Actor**" checks). The Company shall use its commercially reasonable efforts to facilitate access, as reasonably requested by SM, to the Company's officers, directors, employees and professional advisors. If either the Company or SM reasonably concludes that any modifications to the Offering Materials are necessary after the Issuer Information has been provided to SM and the Offering Materials have been made available to potential Investors on the Site or otherwise, the Company shall immediately update Offering Materials. SM will have no obligation to continue making Offering Materials available until such updates are complete. The Company acknowledges that SM is not acting as an agent of the Company or in a fiduciary capacity with respect to the Company and that SM is not assuming any duties or obligations other than those expressly set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) SM shall have the right to review all Offering Materials and other written communications furnished by or on behalf of the Company in connection with the Offering prior to first use, and to review and approve all Offering Materials to be publicly distributed that identify SM or its involvement in the Offering, prior to first use. Notwithstanding the foregoing, the Company acknowledges and understands that SM: (i) will be relying solely on information provided by the Company and other information available from generally recognized public sources in performing the services contemplated hereunder; (ii) will not independently verify the accuracy or completeness of such information or make an independent appraisal of the Company or its investments, business or assets; (iii) does not assume responsibility for and may rely, without independent verification, on the accuracy and completeness of any such information; and (iv) will assume that any financial forecasts furnished to or discussed with SM by the Company have been reasonably prepared and reflect the best currently available estimates and judgment of the Company's management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) SM must perform anti-money laundering, sanctions, and know-your-customer screening of Site Investors to, among other things, confirm each Investor's status as an "accredited investor" and qualification to invest in the Offering. The Company shall cooperate with SM in conducting the verification and screening of eligible Investors in connection with the Offering.

3. <u>Compensation; Expenses; Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) **Company Onboarding & Due Diligence Fee.** The Company shall pay a non-refundable initial Onboarding and Due Diligence fee of [●] upon execution of this Agreement. SM will perform onboarding and due diligence only after payment by the Company of the Onboarding and Due Diligence fee and such fee is non-refundable regardless of the outcome of due diligence performed by SM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) **Placement Fee.** The Company shall pay SM a cash placement fee equal to [●]% of the aggregate gross proceeds received from Investors (the "**Placement Fees**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) **Expenses.** The Company shall promptly reimburse SM upon request for reasonable out-of-pocket expenses incurred by SM in connection with the services provided hereunder, including, without limitation, travel costs, Site maintenance, and other customary expenses for this type of engagement, including, without limitation, out-of-pocket legal or regulatory fees, costs and expenses (including without limitation, any Offering-related regulatory filing fees and reasonable out-of-pocket counsel or consultant fees, related to the review of Offering Materials for compliance with applicable SEC/FINRA rules).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) All fees and expenses payable hereunder are net of all applicable withholding and similar taxes.

4. <u>Indemnification, etc</u>. As further consideration under this Agreement, the Company shall indemnify and hold harmless the Indemnified Persons (as defined in <u>Schedule A</u>) in accordance with <u>Schedule A</u>. The terms and provisions of <u>Schedule A</u> are incorporated by reference herein, constitute a part hereof and shall survive any termination or expiration of this Agreement.

5. <u>Certain Representations of the SM</u>. SM represents and warrants to the Company, as of the date hereof and through the completion of the Offering, that: (i) SM is duly registered with the U.S. Securities and Exchange Commission ("**SEC**") as a broker-dealer and that it is a member in good standing of the Financial Industry Regulatory Authority ("**FINRA**"); (ii) it has all governmental licenses (including, as applicable, both federal and state broker dealer licenses) required for its activities in connection with the Offering; (iii) neither SM nor any of its affiliates has taken, and shall not take, any action, directly or indirectly, so as to cause the Offering to fail to qualify for an exemption from registration under of the Securities Act; (iv) there has occurred no event with respect to SM (a) that would make the Offering ineligible for reliance on Regulation A as a result of the application of Rule 262 under the Securities Act, or (b) that is required to be disclosed in the Memorandum; and (v) SM will conduct the services provided under this Agreement in compliance with applicable law.

6. <u>Certain Representations of the Company</u>. The Company represents and warrants to SM on behalf of itself and its affiliates, as of the date hereof and through the completion of the Offering, that: (i) it has been duly organized, is validly existing and in good standing under the laws of the jurisdiction in which it was organized, with full power and authority to conduct its business as described in the Offering Materials; (ii) it has taken all required organizational and legal action necessary to execute and deliver this Agreement to SM; (iii) it has duly authorized, executed and delivered this Agreement, which constitutes a valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms; (iv) the Offering Materials will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; (v) neither the Company nor any of its affiliates has taken, and shall not take, any action, directly or indirectly, so as to cause the Offering to fail to qualify for an exemption from registration under the Securities Act; (vi) there has occurred no event with respect to the Company (a) that would make the Offering ineligible for reliance on Regulation A as a result of the application of Rule 262 under the Securities Act, or (b) that is required to be disclosed in the Memorandum; and (vii) the Company will conduct all activity related to the Offering and the Securities in compliance with applicable law.

7. <u>Term; Termination</u>. The term (the "**Term**") of this Agreement shall be from the date hereof until the earlier of: (i) 12 months from the date hereof; or (ii) the date of the closing of the Offering as agreed by SM and the Company. SM's engagement hereunder will commence upon the execution of this Agreement by both parties, and shall be terminable by either party, with or without cause, on 30 days' prior written notice to the other. Upon any termination of this Agreement, the Company shall promptly pay SM any Placement Fee and any other outstanding fees earned or expenses incurred prior to the date of such termination. In the event of any expiration or termination of this Agreement, SM shall continue to be entitled to earn a Placement Fee as set forth in Section 3 for a period of 12 months following the date of any such expiration or termination with respect to any Investor who registers on the Site prior to the date of such expiration or termination and later purchases Securities in the Offering directly through the Company or otherwise. For purposes of this provision, the Company shall include any successor thereto or any entity formed or sponsored by the Company for the purpose of executing a transaction described herein. Upon any termination of this Agreement, the rights and obligations of the parties hereunder shall terminate, except for the obligations set forth in Sections 3 and 4, 7 through 11, 13, and <u>Schedule A</u>, which shall all survive such termination.

8. <u>Governing Law</u>. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York, without reference to the rules governing the conflicts of laws.

9. <u>Arbitration</u>. The parties agree that any dispute, claim or controversy directly or indirectly relating to or arising out of this Agreement, the termination or validity hereof, any alleged breach of this Agreement or the engagement contemplated hereby, may only be brought in arbitration, pursuant to the rules of FINRA, with venue in New York City, New York. Each of the Parties hereby consents to this method of dispute resolution, as well as jurisdiction, and waives any right it may have to object to either the method, venue or jurisdiction for such claim or dispute. Any award an arbitrator makes will be final and binding on all Parties and judgment on it may be entered in any court having jurisdiction. Furthermore, the prevailing party shall be entitled to recover damages plus reasonable attorney's fees.

10. <u>Announcements, etc</u>. The Company hereto agrees that SM shall have the right to reference the Company's name (and display the Company's logo) and the Offering and SM's role in the Offering in any marketing materials and on SM's website and advertisements online or through other advertising channels. SM agrees that it will cooperate with the Company as necessary with respect to any publicity concerning the Offering and SM understands that the Company will be responsible for the release of all press releases concerning the Offering. Notwithstanding the foregoing, the Company acknowledges that information concerning the Offering shall, to the extent permitted by applicable law, be disclosed on the SM website and SM may engage in other public efforts to effectuate the Offering and the information to be used on the SM website or in such efforts.

11. <u>Confidentiality</u>. Except as contemplated by the terms hereof, as necessary to conduct the Offering and for the maintenance of the Securities following the Offering, with respect to any information or advice relating to U.S. tax structure provided to the Company by SM, or as required by applicable law or pursuant to an order entered or subpoena issued by a court of competent jurisdiction or in response to a request from a banking regulator, each party hereto shall keep confidential all non-public information provided to it by the other and shall not disclose such information to any third party; *provided*, *however*, that (a) such party may share such non-public information with its employees or representatives who have a need to know such non-public information (the "**Representatives**"), and *provided* that such party shall instruct any such Representatives of the confidentiality obligations hereof and ensure that such Representatives are subject to confidentiality obligations similar hereto; and (b) the Company and its Representatives shall keep confidential the names of all Investors and shall not disclose the name of or any non-public information about any Investor without such Investor's consent to any third party, other than the Company's Representatives. Each party shall be responsible for the breach of this Agreement by its Representative(s).

12. <u>Use of Affiliates</u>. Notwithstanding anything to the contrary herein, the Company understands and agrees to allow SM to engage its affiliates or third-parties to provide certain services contemplated in this Agreement. To the extent permitted by applicable law and the confidentiality provisions herein, SM may in connection with the services to be provided under this Agreement share with its affiliates or third-parties, and such affiliates or third-parties may share with SM, any non-public information (including, without limitation, as to the creditworthiness of any party) relating to the Company and its affiliates and any other matters contemplated hereby.

13. <u>Miscellaneous</u>. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof, and may not be amended or modified except in writing signed by each party hereto. This Agreement may not be assigned by either party hereto without the prior written consent of the other, to be given in the sole discretion of the party from whom such consent is being requested. Any attempted assignment of this Agreement made without such consent shall be void and of no effect, at the option of the non-assigning party. If any provision hereof shall be held by a court of competent jurisdiction to be invalid, void or unenforceable in any respect, or against public policy, such determination shall not affect such provision in any other respect nor any other provision hereof. The Company and SM shall endeavor in good faith negotiations to replace any provisions of this Agreement that are determined to be invalid, void or unenforceable. Headings used herein are for convenience of reference only and shall not affect the interpretation or construction of this Agreement. This Agreement may be executed in multiple counterparts, including counterparts delivered electronically, each of which will be deemed to be an original and all of which together will be deemed to be one and the same document.

[Signature page is next]

Please sign below and return to SM to indicate your acceptance of the terms set forth herein, whereupon this Agreement and your acceptance shall constitute a binding agreement between the Company and SM as of the date first written above.

Sincerely, 

Securitize Markets, LLC 

Name: [●] 

Title: [●] 

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| |
|:---|
| Accepted and Agreed: |
| Hygienic Dress League Corp. |
| By: |
| Name: Steven Coy |
| Title: President |

---

SCHEDULE A

Reference is made to the engagement letter between SM and the Company to which this <u>Schedule A</u> is attached (as amended from time to time in accordance with the terms thereof, the "**Agreement**"). Unless otherwise noted, all capitalized terms used herein shall have the meanings set forth in the Agreement.

As further consideration under the Agreement, the Company agrees to indemnify and hold harmless SM and its affiliates, and each of their respective officers, directors, managers, members, partners, employees and agents, and any other persons controlling SM or any of its affiliates (collectively, "**Indemnified Persons**"), to the fullest extent lawful, from and against any claims, liabilities, losses, damages and expenses (or any action, claim, suit or proceeding (an "**Action**") in respect thereof), as and when incurred, related to or arising out of or in connection with SM's services (whether occurring before, at or after the date hereof) under the Agreement, the Offering or any Indemnified Person's role in connection therewith, whether or not resulting from an Indemnified Person's negligence ("**Losses**"), <u>provided</u>, <u>however</u>, that the Company shall not be responsible for any Losses to the extent such Losses resulted solely from SM's gross negligence, fraud or willful misconduct.

The Company agrees that no Indemnified Person shall have any liability to the Company or its owners, parents, affiliates, security holders or creditors for any Losses, except to the extent such Losses are determined, by a final, non-appealable judgment by a court or arbitral tribunal, to have resulted solely from SM's gross negligence, fraud or willful misconduct including, without limitation any material breach of this Agreement or material violation of applicable law by SM.

The Company agrees that it will not settle or compromise or consent to the entry of any judgment in, or otherwise seek to terminate any pending or threatened Action in respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Person is a party to such Action) unless SM has given its prior written consent, or the settlement, compromise, consent or termination (i) includes an express unconditional release of such Indemnified Person from all Losses arising out of such Action and (ii) does not include any admission of fault on the part of any Indemnified Person.

If, for any reason (other than the gross negligence, fraud, or willful misconduct of an Indemnified Person as provided above) the foregoing indemnity is judicially determined to be unavailable to an Indemnified Person for any reason or insufficient to hold any Indemnified Person harmless, then the Company agrees to contribute to any such Losses in such proportion as is appropriate to reflect the relative benefits received or proposed to be received by the Company on the one hand and by SM on the other, from the Offering or, if allocation on that basis is not permitted under applicable law, in such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one hand and SM on the other, but also the relative fault of the Company and SM, as well as any relevant equitable considerations. Notwithstanding the provisions hereof, the aggregate contribution of all Indemnified Persons to all Losses shall not exceed the amount of fees actually received by SM with respect to the services rendered pursuant to the Agreement. Relative benefits to the Company, on the one hand, and to SM, on the other hand, shall be deemed to be in the same proportion as (i) the total transaction value of the Offering bears to (ii) all fees actually received by SM in connection with the Agreement.

SCHEDULE A

The Company agrees to reimburse the Indemnified Persons for all reasonable expenses (including, without limitation, reasonable fees and expenses of counsel) as they are incurred in connection with investigating, preparing, defending or settling any Action for which indemnification or contribution has or is reasonably likely to be sought by the Indemnified Person, whether or not in connection with litigation in which any Indemnified Person is a named party; provided that if any such reimbursement is determined by a final, non-appealable judgment by a court or arbitral tribunal, to have resulted solely from SM's gross negligence, fraud or willful misconduct, such Indemnified Person shall promptly repay such amount to the Company.

The indemnity, contribution and expense reimbursement obligations set forth herein: (i) shall be in addition to any liability the Company may have to any Indemnified Person at common law or otherwise; (ii) shall survive the expiration or termination of the Agreement or completion of SM's services hereunder; (iii) shall apply to any modification of SM's engagement; (iv) shall remain operative and in full force and effect regardless of any investigation made by or on behalf of SM or any other Indemnified Person; (v) shall be binding on any successor or assign of the Company and successors or assigns to the Company's business and assets; and (vi) shall inure to the benefit of any successor or assign of any Indemnified Person.

## Ex1A-6

**Exhibit 1A-6.5**

![](ex1a65-001.jpg)

PR Proposal forHDLNovember 24, 2021Prepared for:Steve Coy

![](ex1a65-002.jpg)

Services & Fees for HDL\*Fees are for retainer services only, and do not include project or extraordinary expenses such as wire press releasedistribution, non-local travel, etc.Total Fee$11,000/monthEarnedMedia($9,000/month) ?Build customized media list?Including the Power 10?Forge new media relationships and enhance existing ones?Expert source and company announcement pitching?Interview prep, facilitation, and follow up?Build events and awards calendar?Availability to join larger marketing strategy sessions?Two press releases per quarter?1 award submission per quarter?Media train company thought leader?An additional media training one additional thought leader(two total per quarter)?Vet, pitch, & prepare for one (virtual or in-person) speakingopportunity per quarterOwnedMedia($2,000/month) ?Corporate content strategy development?Copy edit up to 2 content pieces per month?Create 1 content piece (blog post or equivalent) per month?Examples:?Sustainable Business Newsletter(creatinginspiration)?Founder's Post(showing gratitude)

![](ex1a65-003.jpg)

?MarketWizards(CEO needing to be viewed as apeer)?12 hours of multimedia (design/animation/video editing) perquarter?All hours beyond the 12 contracted hours will be billed at adiscounted rate of $100/hr.Framework?Agenda-driven, standing bi-weekly meetings with HDL and 3Points.?Practice quarterly OKRs as a disciplined goal-setting process to connect 3Points' work to HDL strategy.?Dedicated account team with access via preferred communication channels (Slack, text, email, etc.).Terms?This proposal is valid for 30 days after it is delivered (delivered on November 24, 2021).3Points Team?Drew Mauck, CEO?As the founder and head of 3Points Communications, Drew Mauck leads our firm's strategiccommunications efforts and empowers our talented staff to continually deliver meaningful results. With over15 years of media relations and corporate branding expertise, he is passionate about crafting clear andcompelling messages that turn talk into action. He has earned coverage for his clients in some of the world'smost recognizable media outlets, includingThe WallStreet Journal,Barron's,CNBC,Bloomberg,FinancialTimes, andInstitutional Investor.?Delilah Bennett, Account Director

![](ex1a65-004.jpg)

?Delilah Bennett joined 3Points in June 2019. As the firm's account director, she provides strategic insight onearned, owned and social media services, and serves as the lead contact for 3Points' key accounts. Prior toher role at 3Points, Delilah spent two years in business development at EAB, an education company in D.C.She earned her B.S. in business and Spanish & Portuguese from Vanderbilt University.?Spencer Doar, Head of Fintech?Spencer Doar joined 3Points in September 2019. Spencer leads the fintech team with an active hand,conceptualizing and drafting content for fintech clients, driving business development, and helping manageaccounts. Prior to 3Points, Spencer spent five-plus years as a journalist in the listed derivatives industry.Spencer is a born and bred Chicagoan who acquired his B.A. in journalism from the University of Minnesota.?Carly Cao, Account Coordinator?Carly is an account coordinator as of 2021. In this role, Carly provides account support in developing clients'communications strategies. Executing across earned, owned, and social media, she helps to createsuccessful messaging to surround our clients' brands. She earned her B.A. from Trinity College.?Jeffrey Rabin, Lead Graphic Designer?Having first started with graphic design nearly a decade ago, Jeffrey Rabin brings a wealth of experienceand knowledge to the table. After graduating from Bradley University in 2018, he took on a multitude offreelance clients, helping build brands from the ground up, and eventually landed at 3Points. Whether he iscreating marketing material, a new logo, digital art, or anything in between, he proudly leads our designpractice in fulfilling a variety of client needs.

![](ex1a65-005.jpg)

LETTER OF AGREEMENTThis letter confirms the agreement ("Agreement") between HDL, with its principal place of business in Detroit, MI,USA,and 3Points Communications Company, an Illinois corporation with its principal place of business in Chicago, IL, USA("3Points"), concerning 3Points' communications services for HDL.Agency Responsibility3Points shall provide professional communications services to HDL as outlined in this Proposal, including in thedescription of "Services & Fees for HDL" above.Agency CompensationHDL shall pay to 3Points the decided-upon monthly retainer in exchange for 3Points providing all services reasonablyrelated to the areas outlined in the proposal portion of this document, including in the description of "Services & Fees forHDL '' above. In addition to such services, this fee includes out-of-pocket expenses required for the execution of suchservices (including, but not limited to, media subscriptions, local transportation, office space, Internet, printing, postage,deliveries and telephone). Extraordinary expenses will be billed without markup, subject to HDL's prior written approval.These may include non-local travel (non-local travel is defined as transportation including flights, taxis, and/or publictransportation, when traveling outside of Chicago to visit HDL or to act in a PR capacity on HDL's behalf), additionalmarketing communications projects or services, special programs and bulk copies.Additional marketing projects will be billed only after HDL provides written approval of such projects. If a third-party vendoris approved for these projects and 3Points is receiving a management fee, then the vendor services would be billedwithout markup. Additional design support is available beyond the 8 hours that is built into the retainer on a quarterly basisat a rate of $100 per hour.IndemnificationHDL will be responsible for the accuracy, completeness and propriety of information covering its products and services,which is furnished to 3Points by HDL in connection with the performance of the Agreement. It is mutually agreed that HDL

![](ex1a65-006.jpg)

will indemnify 3Points against any direct losses that may be incurred as a result of any claim, suit or proceeding made orbrought against 3Points based upon the falsity or inaccuracy of any material or publicity which 3Points prepared, providedthat said falsity or inaccuracy of such material or publicity was caused by information furnished to 3Points by HDL. 3Pointswill hold harmless, defend and indemnify HDL against any such claims if 3Points has not received written approval fromHDL of such printed materials or information prior to any publication thereof or if any such claims arise from any action by3Points unless HDL has an obligation to indemnify 3Points pursuant to the immediately preceding sentence above.Limitation of LiabilityExcept for a breach of the obligations set forth in "Confidentiality" below, neither party shall be liable for any indirect,special or consequential damages whatsoever arising out of this Agreement even if the party has been advised of thepossibility of such damages.Ownership and CopyrightsAll materials prepared for, and on behalf of HDL shall be HDL's property exclusively and will be given to HDL at HDL'srequest or upon termination of this Agreement.Confidentiality3Points, on behalf of itself and its employees, hereby covenants and agrees that it:(a) will keep confidential any and all proprietary information disclosed to 3Points, whether oral or in writing concerningHDL's business and operations. Confidential Information includes, but is not limited to, corporate plans and strategies,new product information, customer identity and information, specifications, formulations and pricing information;(b) will not disclose any Confidential Information to any person outside of the employment of 3Points, unless HDL hasprovided written consent for such disclosure, and in such event 3Points shall ensure such third parties are subject toconfidentiality restrictions at least as protective as those provided herein; and(c) will return to HDL all such Confidential Information in its possession at the termination of 3Points' services.Notwithstanding anything to the contrary contained herein, the Confidentiality Obligations contained herein shall survivefor a period of two years following termination of the Agreement.

![](ex1a65-007.jpg)

Contracted TermThe contract is valid December 1, 2021, with a term of 4 months. If either party wishes to conclude the relationship, thatmust be given in writing during the third month of the relationship. Once the fourth month begins, the agreement changesto a rolling 90-day contract.As such, the Agreement will continue on a 90-day rolling term, where each party shall have the right to terminate thisAgreement so long as it has provided a 90-day written notice to the other party prior. That is, payment is required for 90days after the written notice of termination is provided and services will likewise be provided for 90 days unless the clientdoes not wish to receive them. Should neither party provide such notice of termination, this Agreement shall automaticallycontinue until either party terminates it by giving ninety (90) days prior written notice. Any changes or amendments mustbe made in writing and executed by both parties. If the parties desire to significantly change the types of services providedby 3Points, the parties will agree upon a new retainer level that will reflect such changes.Governing LawThis Agreement shall be governed by and construed in accordance with the internal laws of the State of Illinois withoutregard to conflict of law principles. Any litigation or arbitration between the parties which arises out of this Agreement shallbe instituted and prosecuted only in the appropriate state or federal court or other tribunal situated in Chicago, Illinois.Parties hereby submit to the exclusive jurisdiction of such courts and tribunals for purposes of any such action and theenforcement of any judgment or order arising there from. Parties hereby waive any right to a change of venue and anyand all objections to the jurisdiction of the state and federal courts and other tribunals located in Chicago, Illinois.Employee Non-CompetePer 3Points' standard employee non-compete agreements, if working with 3Points or within two years of working with3Points, HDL hires an employee who works or has worked at 3Points in the previous two years, HDL must compensate3Points with a one time buyout fee equal to one year of that employee's current salary. If the employee has alreadydeparted 3Points for any reason, the fee will be equal to one year of their annual salary at the time of their departure from3Points. With this clause in place, 3Pointers are able to completely be immersed in HDL's business without the possibilityof 3Points unethically losing an employee.

![](ex1a65-008.jpg)

Relationship of the PartiesThe parties agree that 3Points shall perform its duties under this Agreement as an independent contractor. Nothingcontained herein shall be deemed to establish a partnership, joint venture, association, or employment relationshipbetween the parties. Personnel employed or retained by 3Points who perform duties related to this Agreement shallremain under the management and control of 3Points.AGREED TO AND ACCEPTEDAGREED TO AND ACCEPTEDSteve CoyAndrew MauckFounderCEOHDL3Points Communications Co.

## Ex1A-6

**Exhibit 1A-6.6**

**<u>NFT ART COMMISSION AGREEMENT</u>**

This NFT Art Commission Agreement (this "**Agreement**") is made as of ______________________________ (the "**Effective Date**") by and between Hygienic Dress League Corp., a Delaware corporation (the "**Company**"), and _____________________________________________ (the "**Client**" and with the Company, the "**Parties**").

**<u>RECITALS</u>**

**WHEREAS,** the Company is a widely recognized and innovative art company;

**WHEREAS**, the Client admires the work of the Company and wishes to commission the Company to create certain works of art (the "**Work**") as set forth in Section 1 below in the form of non-fungible tokens ("**NFTs**');

**WHEREAS,** the Parties wish to have the creation of the Work be governed by the mutual obligation, covenants, and conditions set forth in this Agreement;

**NOW THEREFORE**, in consideration of the terms and conditions set forth below and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows:

**<u>AGREEMENT</u>**

1. <u>Definition of the Work</u> 

---

| | |
|:---|:---|
| Working Title: | |
| Medium: | Non-Fungible Token ("**NFT**") |
| Price: | |
| Quantity: | |
| Description: | |

---

2. <u>Payment, Fees, Expenses and Taxes.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Service Fee.</u> The Client agrees
 to pay the price of $_________ for the Work as follows: 50% upon execution of this Agreement
 and 50% upon the completion of the Work. The Client shall pay the applicable sales tax, if
 any, with the final payment. Completion of the Work is to be determined by the Company, who
 shall use the Company's professional judgment to deviate from the preliminary design
 as the Company in good faith believes necessary to create the Work. The Client shall have
 a right to inspect the Work in progress upon reasonable notice to the Company. If final payment
 is not made within 60 days of completion of the Work, the final payment due shall be deemed
 uncollectible and no rights under this Agreement shall transfer to the Client thereby entitling
 the Company to resell the Work to another party.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Expenses.</u> The Company shall
 not be authorized to incur on behalf of the Client any expenses and will be responsible for
 all expenses incurred while performing the Work unless otherwise agreed to by the Client.
 As a condition to receipt of reimbursement, the Company shall be required to submit to the
 Client reasonable evidence that the amount involved was both reasonable and necessary to
 the Work provided under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Taxes.</u> Each party shall be
 responsible for the payment of its own taxes, licenses and fees ()"**Taxes** ")
 in connection with this Agreement. Except as provided herein, neither party shall be responsible
 or liable for the other Party's Taxes assessed in connection with this Agreement.

3. <u>Date of Delivery.</u> The Company agrees
 to complete the Work within _____ days from
 the date of the execution of this Agreement. The completion date shall be extended in the
 event of delays caused by events beyond the control of the Company, including but not limited
 to fire, theft, strikes, shortages of materials, and Acts of God. Time shall not be considered
 of the essence with respect to the completion of the Work.

4. <u>Term and Termination.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Term.</u> This Agreement shall
 take effect as of the Effective Date and remain effective unless it is terminated by either
 party, with or without cause, upon ten (10) days' written notice to the other party.

&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Effect of Termination.</u> On
 any expiration or termination of this Agreement, each party shall immediately cease all activities
 concerning this Agreement. The expiration or termination of this Agreement shall not preclude
 either Party from pursuing all rights and remedies it may have hereunder in law or in equity
 with respect to any breach of this Agreement nor prejudice either Party's right to obtain
 performance of any obligation.

&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Survival.</u> Each party's obligations
 relating to representations and warranties, limitations of liability, and protection of proprietary
 rights and confidential information shall survive termination of this Agreement.

5. <u>Intellectual Property.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;5.1. All intellectual property rights,
 including copyrights, patents, patent disclosures and inventions (whether patentable or not),
 trademarks, service marks, trade secrets, know-how and other confidential information, trade
 dress, trade names, logos, corporate names and domain names, together with all of the goodwill
 associated therewith, derivative works and all other rights (collectively, "**Intellectual Property Rights**") in and to all documents, work product and other materials that
 are delivered to Client under this Agreement or prepared by or on behalf of the Company in
 the course of creating the Work (collectively, the "**Deliverables**") shall
 be owned exclusively by the Client. Company agrees and shall cause its employees, assistants,
 and affiliates to agree, that with respect to any Deliverables that may qualify as "work
 made for hire", such Deliverables are hereby deemed a "work made for hire"
 for Client. To the extent that any of the Deliverables do not constitute a "work made
 for hire," Company hereby irrevocably assigns, and shall cause any affiliate or assistant
 to irrevocably assign to Client, in each case without additional consideration, all right,
 title and interest throughout the world in and to the Deliverables, including all Intellectual
 Property Rights therein. The Company shall cause any assistant or affiliate to irrevocably
 waive, to the extent permitted by applicable law, any and all claims such Affiliate may now
 or hereafter have in any jurisdiction to so-called "moral rights" or rights of
 droit moral with respect to the Deliverables.

&nbsp;&nbsp;&nbsp;&nbsp;5.2. Upon Client's request, Company
 shall, and shall cause any assistant or affiliate to, promptly take such further actions,
 including execution and delivery of all appropriate instruments of conveyance, as may be
 necessary to assist Client to prosecute, register, perfect or record its rights in or to
 any Deliverables.

&nbsp;&nbsp;&nbsp;&nbsp;5.3. Company and its licensors are, and
 shall remain, the sole and exclusive owners of all right, title and interest in and to all
 documents, data, know-how, methodologies, software and other materials, including computer
 programs, reports and specifications, provided by or used by Company in connection with the
 creation of the Work, in each case developed or acquired by the Company prior to the commencement
 or independently of this Agreement (collectively, the "**Pre-Existing Materials** "),
 including all Intellectual Property Rights therein. Company hereby grants Client a license
 to any Pre-Existing Materials to the extent incorporated in, combined with or otherwise necessary
 for the provision of the Work for any and all purposes.

6. <u>Confidential Information.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;6.1. <u>Generally.</u> "**Confidential Information**" shall mean all information that is disclosed by either party to the
 other, whether conveyed orally, in writing, in machine readable form or otherwise, under
 this Agreement, including without limitation, software code and designs, hardware, product
 specifications and documentation, financial data, business, services, developments, marketing
 and product plans, technology, trade secrets, know-how, personnel, users, suppliers and customers
 (whether or not designated as "confidential information" by the disclosing party)
 together with all information derived from the above, the existence and terms of this Agreement
 and all information designated as confidential or which ought reasonably to be considered
 confidential, other than information that is or becomes generally available to the public
 other than as a result of disclosure in breach of this Agreement or is furnished with written
 confirmation that such information is not confidential.

&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>Obligations of Confidentiality.</u> Each party agrees that it and its affiliates will hold in strict confidence and not disclose
 the Confidential Information of the other party to any third party and to use the Confidential
 Information of the other party for no purpose other than the purposes expressly permitted
 by this Agreement. Each party shall only permit access to the other party's Confidential
 Information to those of its or its affiliates' employees, contractors and Company's
 having a need to know and who have signed or are bound by confidentiality obligations or
 agreements containing terms at least as restrictive as those contained in this Agreement.
 Each party shall maintain the confidentiality and prevent accidental or other loss or disclosure
 of any Confidential Information of the other party with at least the same degree of care
 as it uses to protect its own Confidential Information, but in no event with less than reasonable
 care.

7. <u>Representations and Warranties.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;7.1. <u>Authorization and Enforceability.</u> Each Party represents and warrants to the other Party that (a) it is duly organized and
 validly existing under the laws of its jurisdiction of organization; (b) it has the legal
 power and authority to execute and deliver this Agreement; (c) the execution, delivery and
 performance of this Agreement by it have been duly authorized by all necessary actions and
 do not violate its organizational documents or any other material agreements to which it
 is a party; and (d) this Agreement constitutes a legally valid and binding obligation of
 it enforceable against it in accordance with its terms, except as such enforcement may be
 limited by laws.

&nbsp;&nbsp;&nbsp;&nbsp;7.2. <u>Service Provider Warranties.</u> The Company represents, warrants and agrees that (a) its performance of services hereunder
 complies with all applicable laws, (b) it shall provide the Work in a professional and workmanlike
 manner, (c) the Company will follow all Client instructions, (d) the Work does not infringe,
 violate or misappropriate the intellectual property rights of any third party, (e) the Company
 has and shall maintain in effect all the licenses, permissions, authorizations, consents,
 and permits that it needs to carry out its obligations under this Agreement and, and (d)
 the Company has the full right to provide the Client with the Work as provided for herein.

8. <u>Indemnification.</u> The Client shall
 indemnify, defend, and hold harmless the Company and its respective agents, successors, and
 assigns (each, an "**Indemnified Party**") from and against all losses, damages,
 liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties,
 fines, fees, costs, or expenses of whatever kind, including reasonable attorneys' fees (collectively,
 "**Losses** "), the cost of enforcing any right to indemnification hereunder,
 and the cost of pursuing any insurance providers arising out of or in connection with any
 third-party claim, suit, action, or proceeding arising out of the undertaking, performance,
 or completion of the Work pursuant to this Agreement, except where such Losses arise from
 the gross negligence, willful misconduct, or violation of applicable laws by the Company.

9. <u>Limitation of Liability.</u> IN NO EVENT
 SHALL EITHER PARTY TO THIS AGREEMENT BE LIABLE TO THE OTHER UNDER OR IN CONNECTION WITH THIS
 AGREEMENT FOR ANY LOSS OF PROFIT OR ANY OTHER COMMERCIAL DAMAGE INCLUDING; WITHOUT LIMITATION,
 INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER INDIRECT DAMAGES OF ANY
 NATURE, FOR ANY REASON WHATSOEVER INCLUDING, WITHOUT LIMITATION, THE BREACH OF THIS AGREEMENT,
 THE EXPIRATION OR ANY TERMINATION OF THIS AGREEMENT, WHETHER SUCH LIABILITY IS ASSERTED ON
 THE BASIS OF CONTRACT, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY) OR OTHERWISE, EVEN
 IF WARNING HAS BEEN GIVEN OF THE POSSIBILITY OF SUCH DAMAGES.

10. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. <u>Governing Law, Jurisdiction and Mediation</u>. The validity, interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto and the rights and obligations of the Parties hereto shall be governed, construed and interpreted in accordance with the laws of the state of Delaware, without giving effect to principles of conflicts of law. In the event any dispute arising under this agreement results in litigation, arbitration, or mediation, such action or proceeding shall be brought within the state or federal courts of Delaware. Mediation of any dispute arising from this agreement shall be conducted in accordance with the rules of American Arbitration Association.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. <u>Relationship of Parties:</u> The Parties to this Agreement are independent contractors, and nothing herein shall create a partnership, join venture, franchise relationship, agency relationship, or employment relationship. This Agreement is made and entered into for the sole benefit of the parties hereto, and no other entity shall be a direct or indirect beneficiary of, or shall be entitled to bring any direct or indirect cause of action or claim in connection with, this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3. <u>Entire Agreement</u>. This Agreement sets forth the entire agreement and understanding of the Parties relating to the subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or written, between them relating to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4. <u>Amendments and Waivers</u>. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by both Parties to this Agreement. No delay or failure to require performance of any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5. <u>Successors and Assigns</u>. No Party to this Agreement may assign or transfer, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6. <u>Notices</u>. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed sufficient when delivered personally or by overnight courier or sent by email, or 48 hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party's address as set forth on the signature page, as subsequently modified by written notice, or if no address is specified on the signature page, at the most recent address set forth in the Client's books and records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7. <u>Severability</u>. If any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or application, and to this end the provisions of this Agreement are declared to be severable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.8. <u>Force Majeure.</u> Neither Party shall be liable for failure to appear or perform its obligations under this Agreement in the event that such failure is caused by or due to the acts or regulations of public authorities, labor difficulties, civil tumult, inclement weather, strike, epidemic, interruption or delay of transportation service, or any other legitimate cause beyond the control of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.9. <u>Advice of Counsel</u>. EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT, IT HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSELAND HAS READ AND UNDERSTANDS ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.10. <u>Counterparts</u>. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and all of which together shall constitute one and the same agreement. Execution of a facsimile or scanned copy will have the same force and effect as execution of an original, and a facsimile or scanned signature will be deemed an original and valid signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.11. <u>Electronic Delivery</u>. The Client may, in its sole discretion, decide to deliver any documents related to this Agreement or any notices required by email or any other electronic means. The Company hereby consents to (i) conduct business electronically, (ii) receive such documents and notices by such electronic delivery and (iii) sign documents electronically and agrees to participate through an on-line or electronic system established and maintained by the Client or a third party designated by the Client.

***[Signature Page Follows]***

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

---

| | |
|:---|:---|
| **<u>THE CLIENT:</u>** | **<u>THE CLIENT:</u>** |
| **[NAME]** | **[NAME]** |
| By: |  |
|  | Name: |
|  | Title: |

---

Address:   <br>   <br> Email  

---

| | |
|:---|:---|
| **<u>THE COMPANY:</u>** | **<u>THE COMPANY:</u>** |
| **HYGIENIC DRESS LEAGUE CORP.** | **HYGIENIC DRESS LEAGUE CORP.** |
| By: |  |
|  | Name: |
|  | Title: |

---

Address:   <br>   <br> Email

## Ex1A-6

**Exhibit 1A-6.7**

**HYGIENIC DRESS LEAGUE CORP.**

**NFT PURCHASE AND LICENSE AGREEMENT**

This Hygienic Dress League NFT Purchase and License Agreement (this "**Agreement**") is a legally binding agreement by and between Hygienic Dress League Corp. ("**HDL**") and: (i) you as a purchaser in the HDL Artwork Sale (defined below); and (ii) any subsequent purchaser(s) of an HDL Artwork (defined below) (collectively and as applicable, "**You**" and "**Your**"). HDL and You may be referred to throughout this Agreement collectively as the "**Parties**" or individually as a "**Party**".

**1.** **<u>Agreement to Terms</u>.** By participating in the HDL Artwork Sale or purchasing a HDL Artwork, You acknowledge that You have carefully read and agree to the terms of this Agreement. "**HDL Artwork**" means a non-fungible token (NFT) that, as of its genesis issuance, is linked to a display of HDL Art. HDL Artworks are controllable electronic records recorded on the Ethereum blockchain. "**HDL Art**" means the digital art for Hygienic Dress League that is provided by and owned by HDL and is linked to the HDL Artwork. For avoidance of doubt, the HDL Art is digital in nature and does not include any items or representations that have physical dimensions such as mass or volume. This Agreement governs Your participation in the Primary Transactions (as defined below) on https://www.hdlcorp.io/ (the "**Artworks Website**"), which is facilitated by HDL, as well as secondary transactions between Transferors and Transferees (as defined below). According to the terms of this Agreement, HDL is owed royalties on Secondary Transactions (as defined below) of the HDL Artworks as set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Additional Terms: The access and use of the Artworks Website are subject to the separate terms of the Artworks Website. You further acknowledge that You have carefully read and have accepted the (i) Terms of Service located on the Artworks Website (https://www.hdlcorp.io/TermsOfUse.pdf) (the "**Artworks Website Terms**") because the Artworks Website Terms governs Your use of the Artworks Website. If there is a conflict between the Artworks Website Terms and this Agreement with respect to the HDL Artwork Sale, the HDL Artworks, and HDL Art, this Agreement controls.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Your Information: As a condition of participating in the HDL Artwork Sale, using the Artworks Website, and any time You provide Your information (including personal information (also known as personally identifiable information or personal data) to HDL or that HDL collects from You when using the Artworks Website (including information collected automatically by the use of cookies or other similar technologies), You agree to the collection, use, storage, sharing (i.e., by way of example only, with HDL, its affiliates, and with third-party partners, service providers, etc.), transfer, and processing of Your information by HDL for the purposes of providing the Artworks Websites and the services available therein, to administer the HDL Artwork Sale, and to comply with applicable laws, rules, and regulations as more fully described in HDL's Privacy Statement. To learn more about how HDL handles Your information, read HDL's Privacy Statement available at https://www.hdlcorp.io/PrivacyPolicy.pdf (the "**HDL Privacy Statement**").

**2.** **<u>The HDL Artwork Sale</u>.** The "**HDL Artwork Sale**" means each sale hosted on the Artworks Website during the Sale Dates (defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Sale Dates. The HDL Artwork Sale will occur from ________________ to _______________ ("**Sale Dates**"). HDL reserves the right to terminate or extend the HDL Artwork Sale at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Purchases. During the HDL Artwork Sale, You can purchase HDL Artworks made available on the Artworks Website. You may be required to create an account and sign in through the Artworks Website to participate. HDL has the right, in its sole discretion, to cancel or reject a purchase at any time. As further provided in Section 6(c) below, You will be responsible for any fees incurred in connection with any purchases that you make, including blockchain network fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Transfer Timing. Transfer of the HDL Artwork to the applicable cryptocurrency wallet may take up to ten (10) days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** Auction Conduct. As a condition to Your participation in the HDL Artwork Sale, You agree:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** to avoid any anticompetitive conduct, such as actions that are deceptive or would artificially inflate or deflate the price of a HDL Artwork, or stimulate demand for an HDL Artwork;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** to report any suspicious activity during the HDL Artwork Sale to HDL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** that You will not attack, hack, DDOS, interfere with, or otherwise tamper with the smart contract associated with any HDL Artwork;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** that you will not participate in the HDL Artwork Sale to conceal or transfer proceeds relating to criminal activity or purchase an HDL Artwork for any reason other than to obtain the HDL Artwork;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(v)** that HDL Artwork is a volatile asset that often experiences periods of high price volatility and instability. Often a consequence of rapidly changing prices and demand, the Ethereum blockchain can also experience significant periods of network congestion, slow to stagnant processing speeds, and unpredictable failures; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vi)** that You understand and acknowledge that purchases made during the HDL Artwork Sale may never be received or processed by the HDL Artwork smart contract due to network or smart contract failures.

**3.** **<u>Ownership of HDL Artwork</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** If You acquire an HDL Artwork, You own all personal property rights to that HDL Artwork (*e.g.*, the right to freely sell, transfer, or otherwise dispose of that HDL Artwork). Such rights, however, do not include the ownership of the intellectual property rights in the HDL Art. Such rights are licensed pursuant to Section 4 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** You represent and warrant that You will not transfer an HDL Artwork in any Secondary Transaction to a Transferee that is (i) located in a country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a terrorist-supporting country; or is (ii) listed on any U.S. Government list of prohibited or restricted parties ("**Prohibited Transferees**"). A "**Secondary Transaction**" means any transaction in which an HDL Artwork is sold by one owner to another owner, or is otherwise transferred in any manner that is not a Primary Transaction; and "**Primary Transaction**" means a transaction facilitated through the Artworks Website in which an HDL Artwork is first sold.

**4.** **<u>License of HDL Art</u>.** If you acquire a HDL Artwork, HDL hereby grants to You, for so long as You own the HDL Artwork, a non-exclusive, non-sublicensable, royalty-free license to use, copy, and display the HDL Art linked with Your purchased HDL Artwork solely for the following purposes: (i) for Your own personal, non-commercial use, including to create one back-up copy of the HDL Art and a single physical print out of the HDL Art, each to be retained only for so long as You own the associated HDL Artwork; and (ii) efforts to sell or otherwise transfer the associated HDL Artwork consistent with the ownership of it (e.g., posting the HDL Art on a sales listing on an NFT marketplace). The license in the prior sentence is non-transferrable, except that it will automatically transfer in connection with the transfer of the HDL Artwork.

**5.** **<u>Reservation of Rights</u>.** All rights in and to the HDL Art not expressly provided for in this Agreement are hereby reserved by HDL. The HDL Art is licensed, not sold. HDL owns and will retain all title, interest, ownership rights and intellectual property rights in and to the HDL Art. Without limitation, You shall not, nor permit any third party to do or attempt to do any of the following without express prior written consent from HDL: (i) modify the HDL Art; (ii) use the HDL Art to advertise, market, or sell any product or service; (iii) use the HDL Art in connection with media that depicts hatred, intolerance, violence, cruelty, or any other subject matter that reflects negatively on the HDL brand; (iv) use the HDL Art in any other form of media, except solely for Your own personal, non-commercial use for so long as You own the HDL Artwork; (v) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the HDL Art; (vi) attempt to register any trademark, copyright, or otherwise acquire additional intellectual property rights in or to the HDL Art; or (vii) otherwise utilize the HDL Art for Your or any third party's commercial benefit.

**6.** **<u>Payment and Fees</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Purchaser Qualification. You represent and warrant that You (i) are not located in a country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a terrorist-supporting country; and (ii) are not listed on any U.S. Government list of prohibited or restricted parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Form of Payment. HDL agrees to accept payment for the Primary Transaction Purchase Price via USDC; provided that HDL may elect to accept other methods or forms of payment on an as converted to U.S. dollars basis in its sole discretion. The U.S. dollar exchange rate for any other forms of payment shall be determined solely by HDL or an assignee or agent in accordance with reasonable and accepted market practices and additional transaction fees may apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Fees. By buying or selling a HDL Artwork on the Artworks Website or any other platform, You agree to pay all applicable fees and, if applicable, You authorize HDL to automatically deduct fees (including any transaction fees as applicable) directly from Your payments for the Primary Transaction or subsequent Secondary Transactions. HDL does not have any insight into or control over these payments or transactions, nor does HDL have the ability to reverse any transactions. Accordingly, HDL will have no liability to You or to any third party for any claims or damages that may arise as a result of any transactions of the HDL Artworks that You engage in.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** Transfers. All Secondary Transactions are subject to the following terms: (i) the HDL Artwork transferee (the "**Transferee**") shall, by receiving an ownership interest in the HDL Artwork, be deemed to accept all of the terms of this Agreement (other than with respect to Sections 6(a) and 6(b)); (ii) the HDL Artwork transferor (the "**Transferor**") shall provide notice to the Transferee of this Agreement, including a link or other method by which the terms of this Agreement can be accessible by the Transferee, (iii) the Transferor shall pay HDL [%] of the gross amounts paid by the Transferee (the "**Royalty Payment**"). HDL shall be paid on the same terms and at the same time as Transferor is paid by the Transferee. You acknowledge and agree that the amounts payable to HDL under this Section herein does not include, and is not intended to cover any additional fees imposed or required by the transferring platform through which You transfer the HDL Artwork.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** You further acknowledge and agree that all Secondary Transactions will be effected on the Ethereum blockchain, the blockchain network governing the HDL Artworks, and You will be required to make or receive payments exclusively through Your cryptocurrency wallet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** Without limitation of any other termination rights, HDL may suspend or terminate the license to the HDL Art if it has a reasonable basis for believing that You have engaged in an off-chain sale of the HDL Artwork, or otherwise engaged in any off-chain transactions for the purchase or sale of the HDL Artwork without making the applicable Royalty Payment. You, and all subsequent Transferees, shall be responsible for paying the Royalty Payment associated with the Secondary Transaction purchase price, regardless of whether such purchase price is fulfilled on-chain, off-chain, or in a combination of the foregoing.

**7.** **<u>HDL's Rights and Obligations to the HDL Art</u>**. HDL is not responsible for repairing, supporting, replacing, or maintaining the website hosting the HDL Art, nor does HDL have the obligation to maintain any connection or link between an HDL Artwork and the corresponding HDL Art.

**8.** **<u>Warranty Disclaimers and Assumption of Risk</u>*.*** You represent and warrant that You: (a) are at least the age of majority in Your place of residence (which is typically 18 years of age in most U.S. states) and has the legal capacity to enter into this Agreement, (b) will use and interact with the HDL Artworks and HDL Art only for lawful purposes and in accordance with this Agreement, and (c) will not use the HDL Artworks or HDL Art to violate any law, regulation or ordinance or any right of HDL, its licensors or any third party, including without limitation, any right of privacy, publicity, copyright, trademark, or patent. You further agree that You will comply with all applicable laws.

THE HDL ARTWORKS ARE PROVIDED "AS IS," WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING, HDL EXPLICITLY DISCLAIMS ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. HDL MAKES NO WARRANTY THAT THE HDL ARTWORKS WILL MEET YOUR REQUIREMENTS OR BE AVAILABLE ON AN UNINTERRUPTED, SECURE, OR ERROR-FREE BASIS. HDL MAKES NO WARRANTY REGARDING THE QUALITY, ACCURACY, TIMELINESS, TRUTHFULNESS, COMPLETENESS OR RELIABILITY OF ANY INFORMATION OR CONTENT ON THE HDL ARTWORKS.

HDL WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSS AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO YOU FOR, ANY USE OF THE HDL ARTWORK, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) SERVER FAILURE OR DATA LOSS; (III) CORRUPTED CRYPTOCURRENCY WALLET FILES; (IV) UNAUTHORIZED ACCESS TO HDL ARTWORK; OR (V) ANY UNAUTHORIZED THIRD PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK AGAINST BLOCKCHAIN NETWORK UNDERLYING THE HDL ARTWORKS.

THE HDL ARTWORKS ARE INTANGIBLE DIGITAL ASSETS. THEY EXIST ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED IN THE APPLICABLE BLOCKCHAIN NETWORK. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN SUCH BLOCKCHAIN NETWORK, WHICH HDL DOES NOT CONTROL. HDL DOES NOT GUARANTEE THAT HDL CAN EFFECT THE TRANSFER OF TITLE OR RIGHT IN ANY HDL ARTWORK. YOU BEAR FULL RESPONSIBILITY FOR VERIFYING THE IDENTITY, LEGITIMACY, AND AUTHENTICITY OF ASSETS YOU PURCHASE THROUGH THE ARTWORKS WEBSITE. NOTWITHSTANDING INDICATORS AND MESSAGES THAT SUGGEST VERIFICATION, HDL MAKES NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY, OR AUTHENTICITY OF ASSETS ON THE ARTWORKS WEBSITE OR ANY PURPORTED SECONDARY TRANSACTIONS.

HDL IS NOT RESPONSIBLE FOR ANY KIND OF FAILURE, ABNORMAL BEHAVIOR OF SOFTWARE (E.G., WALLET, SMART CONTRACT), BLOCKCHAINS OR ANY OTHER FEATURES OF THE HDL ARTWORKS. HDL IS NOT RESPONSIBLE FOR CASUALTIES DUE TO LATE REPORT BY DEVELOPERS OR REPRESENTATIVES (OR NO REPORT AT ALL) OF ANY ISSUES WITH THE BLOCKCHAIN SUPPORTING THE HDL ARTWORKS, INCLUDING FORKS, TECHNICAL NODE ISSUES OR ANY OTHER ISSUES HAVING FUND LOSSES AS A RESULT. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES IN CONTRACTS WITH CONSUMERS, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.

**9.** **<u>Assumption of Risk</u>**. You accept and acknowledge all risks associated with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) You are solely responsible for determining what, if any, taxes apply to Your purchase, sale, or transfer of HDL Artworks. HDL is not responsible for determining or paying the taxes that apply to such transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) HDL does not store, send, or receive cryptocurrency assets. Any transfer of cryptocurrency assets occurs within the supporting blockchain that is not controlled by HDL. Transactions in HDL Artworks may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some transactions of the HDL Artworks shall be deemed to be made when recorded on a public blockchain ledger, which is not necessarily the date or time that You initiated the transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are risks associated with using an Internet based digital asset, including but not limited to, the risk of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within Your cryptocurrency wallet. HDL will not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when effecting HDL Artwork transactions, however caused.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Digital assets, including blockchain based assets such as the HDL Artworks, are subject to developing laws and regulations throughout the world.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Transactions involving the HDL Artworks may rely on third-party platforms to perform transactions which are outside of HDL's control. Therefore, access to and interactions for the HDL Artworks may be limited or unavailable.

**10.** **<u>Links to Third Party Websites or Resources</u>.** Use and interaction of the HDL Artworks and HDL Art may allow You to access third-party websites (including websites that host the HDL Art) or other resources. HDL provides access only as a convenience and is not responsible for the content, products or services on or available from those resources or links displayed on such websites. You acknowledge sole responsibility for and assumes all risk arising from Your use of any third-party resources. Under no circumstances shall Your inability to view the HDL Art on a third-party website serve as grounds for a claim against HDL.

**11.** **<u>Termination of License to HDL Art</u>.** Your license to the HDL Art shall automatically and immediately terminate without notice, and all rights shall revert to HDL if at any time: (i) You breach any portion of this Agreement; (ii) You engage in any unlawful activity related to the HDL Artwork (including transferring the HDL Artwork to a Prohibited Transferee); (iii) You initiate any legal actions, except an arbitration as specifically provided herein, against HDL or their parent, subsidiary, and affiliate companies, and each of their respective officers, directors, members, affiliates, agents, attorneys, and employees (collectively, the "**HDL Parties**"); or (iv) at HDL's sole determination and discretion, You disparage any of the HDL Parties, or their brands or products. Upon any termination, discontinuation or cancellation of Your license to HDL Art, HDL may disable Your access to the HDL Art and You must delete, remove, or otherwise destroy any back up or single digital or physical copy of the HDL Art. Upon any termination, discontinuation or cancellation of the license in this Agreement, the following Sections will survive: 3 and 5-17 .

**12.** **<u>Indemnity</u>.** You shall defend, indemnify, and hold the HDL Parties harmless from and against any and all claims, damages, losses, costs, investigations, liabilities, judgments, fines, penalties, settlements, interest, and expenses (including attorneys' fees) that directly or indirectly arise from or are related to any claim, suit, action, demand, or proceeding made or brought by a third party (including any person who accesses or transacts using the HDL Artworks whether or not such person personally purchased the HDL Artworks) against any HDL Party, or on account of the investigation, defense, or settlement thereof, arising out of or in connection with (A) Your purchase, ownership, use and interaction with the HDL Artworks or license to the HDL Art, (B) Your breach or anticipatory breach of this Agreement, (C) Your violation or anticipatory violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental and quasi-governmental authorities in connection with Your use or interaction with the HDL Artworks, and (D) any misrepresentation made by You (all of the foregoing, "**Claims and Losses**"). You will cooperate as fully required by HDL in the defense of any Claim and Losses. Notwithstanding the foregoing, HDL retains the exclusive right to settle, compromise, and pay any and all Claims and Losses. HDL reserves the right to assume the exclusive defense and control of any Claims and Losses. You will not settle any Claims and Losses without, in each instance, the prior written consent of an officer of HDL.

**13.** **<u>Limitation of Liability</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER HDL NOR ITS SERVICE PROVIDERS INVOLVED IN CREATING, PRODUCING, OR DELIVERING THE HDL ARTWORKS WILL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS, LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR THE COST OF SUBSTITUTE HDL ARTWORKS OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE OR INTERACT WITH THE HDL ARTWORKS OR ACCESS THE HDL ART, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT HDL OR ITS SERVICE PROVIDERS HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** TO THE MAXIMUM EXTENT PERMITTED BY THE LAW OF THE APPLICABLE JURISDICTION, IN NO EVENT WILL HDL'S TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR THE USE OF OR INABILITY TO USE OR INTERACT WITH THE HDL ARTWORKS OR ACCESS THE HDL ART EXCEED THE PRIMARY TRANSACTION PURCHASE PRICE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN HDL AND YOU.

**14.** **<u>Governing Law and Forum Choice</u>.** This Agreement and any action related thereto will be governed by the Federal Arbitration Act, federal arbitration law, and the laws of the State of Delaware, without regard to its conflict of laws provisions. Except as otherwise expressly set forth in Section 15 "Dispute Resolution," the exclusive jurisdiction for all Disputes (defined below) that You and HDL are not required to arbitrate will be the state and federal courts located in the New Castle, Delaware, and You and HDL each waive any objection to jurisdiction and venue in such courts.

**15.** **<u>Dispute Resolution</u>.** Certain portions of this Section 15 are deemed to be a "written agreement to arbitrate" pursuant to the Federal Arbitration Act. You and HDL agree that they intend that this Section 15 satisfies the "writing" requirement of the Federal Arbitration Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **First -- Try to Resolve Disputes and Excluded Disputes**. If any controversy, allegation, or claim arises out of or relates to the HDL Artworks or this Agreement (collectively, "**Dispute**"), or to any of HDL's actual or alleged intellectual property rights (an "**Excluded Dispute**"), then You and HDL agree to send a written notice to the other providing a reasonable description of the Dispute or Excluded Dispute, along with a proposed resolution of it. HDL's notice to You will be sent to You based on Your contact information provided to HDL. But if no such information exists or if such information is not current, then HDL has no obligation under this Section 15. Your notice to HDL must be sent to: Hygienic Dress League Corp., 257 Old Churchmans Road. New Castle, Delaware 19720. For a period of 60 days from the date of receipt of notice from the other party, the Parties will engage in a dialogue in order to attempt to resolve the Dispute or Excluded Dispute, though nothing will require either Party to resolve the Dispute or Excluded Dispute on terms with respect to which You and HDL, in each Party's sole discretion, are not comfortable. HDL's decision to pursue amicable resolution, however, shall not be weighed against a finding of irreparable harm to HDL in any subsequent legal action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Forums for Alternative Dispute Resolution**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Arbitration**. If the Parties cannot resolve a Dispute as set forth in Section 15(a) above within 60 days of receipt of the notice, then either Party may submit the Dispute to formal arbitration in accordance with this Section 15(b). If we cannot resolve an Excluded Dispute as set forth in Section 15(a) above within 60 days of receipt of the notice, then either Party may submit the Excluded Dispute to formal arbitration only if both Parties consent, in a writing signed by You and HDL's President, to have that Excluded Dispute subject to arbitration. In such a case (and only in such a case), that Excluded Dispute will be deemed a "Dispute" for the remainder of this Section 15(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** Upon expiration of the applicable 60-day period and to the fullest extent permitted by applicable law, a Dispute will be resolved solely by binding arbitration in accordance with the then current Commercial Arbitration Rules of the American Arbitration Association ("**AAA**"). If the Dispute has a claimed value of not more than $250,000, then the arbitration will be heard and determined by a single neutral arbitrator who is a retired judge or a lawyer with not less than 15 years' experience as a practicing member of the bar in the substantive practice area related to the Dispute, who will administer the proceedings in accordance with the AAA's Supplementary Procedures for Consumer Related Disputes. If the Dispute has a claimed value of more than $250,000, or if HDL elects in its sole discretion to bear the costs of arbitration in excess of those that would occur for a proceeding before a single neutral arbitrator, then the arbitration will be heard and determined by a three member panel, with one member to be selected by each party and the third (who will be chair of the panel) selected by the two party appointed members or by the AAA in accordance with the Commercial Arbitration Rules. The arbitrator or arbitration panel, as the case may be, will apply applicable law and the provisions of this Agreement and any other applicable terms, will determine any Dispute according to the applicable law and facts based upon the record and no other basis, and will issue a reasoned award. If the Parties do not both consent to the arbitration of an Excluded Dispute as set forth in the immediately preceding paragraph of this Section 15(a), then this paragraph and the remainder of this Section 15(b) will not apply to the Excluded Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** If a Party properly submits the Dispute to the AAA for formal arbitration and the AAA is unwilling or unable to set a hearing date within 60 days of the filing of a "demand for arbitration," then either party can elect to have the arbitration administered by the Judicial Arbitration and Mediation Services Inc. ("**JAMS**") using JAMS' streamlined Arbitration Rules and Procedures, or by any other arbitration administration service that You and a legal officer of HDL consents to in writing. The substantive practice area requirements for the arbitrator and the $250,000 threshold for the number of arbitrators assigned to the Dispute set forth in the paragraph above for the AAA arbitration will also apply to any such arbitration under JAMS or another arbitration service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** You can obtain AAA and JAMS procedures, rules, and fee information as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** AAA: (800)778-7879; http://www.adr.org/

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** JAMS: (949)224-1810; http://www.jamsadr.com

**16.** **<u>Nature, Limitations, and Location of Alternative Dispute Resolution</u>**. In arbitration, as with a court, the arbitrator must honor the terms of this Agreement and can award the prevailing party damages and other relief (including attorneys' fees). However, WITH ARBITRATION (A) THERE IS NO JUDGE OR JURY, (B) THE ARBITRATION PROCEEDINGS AND ARBITRATION OUTCOME ARE SUBJECT TO CERTAIN CONFIDENTIALITY RULES, AND (C) JUDICIAL REVIEW OF THE ARBITRATION OUTCOME IS LIMITED. All parties to the arbitration will have the right, at their own expense, to be represented by an attorney or other advocate of their choosing. If an in-person arbitration hearing is required, then it will be conducted in New Castle, Delaware. You and HDL will pay the administrative and arbitrator's fees and other costs in accordance with the applicable arbitration rules; but if applicable arbitration rules or laws require HDL to pay a greater portion or all of such fees and costs in order for this Section 16 to be enforceable, then HDL will have the right to elect to pay the fees and costs and proceed to arbitration. Discovery will be permitted pursuant to the applicable arbitration rules. The arbitrator's decision must consist of a written statement stating the disposition of each claim of the Dispute, and must provide a statement of the essential findings and conclusions on which the decision and any award (if any) is based. Judgment on the arbitration decision and award (if any) may be entered in or by any court that has jurisdiction over the parties pursuant to Section 9 of the Federal Arbitration Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Limited Time to File Claims. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IF EITHER PARTY WANTS TO ASSERT A DISPUTE (BUT NOT AN EXCLUDED DISPUTE) AGAINST THE OTHER, THEN HDL OR YOU MUST COMMENCE IT (BY DELIVERY OF WRITTEN NOTICE AS SET FORTH IN SECTION 16(a) ABOVE) WITHIN 1 YEAR AFTER THE DISPUTE ARISES -- OR IT WILL BE FOREVER BARRED.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Injunctive Relief. The foregoing provisions of Section 16 will not apply to any legal action taken by HDL to seek an injunction or other equitable relief in connection with any loss, cost, or damage (or any potential loss, cost, or damage) relating to the HDL Artworks and/or HDL's intellectual property rights, HDL's operations, and/or HDL's products or services. To the extent that You or HDL prevail on a claim and seek public injunctive relief (that is, injunctive relief that has the primary purpose and effect of prohibiting unlawful acts that threaten future injury to the public), the entitlement to and extent of such relief must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of any issues of public injunctive relief shall be stayed pending the outcome of the merits of any individual claims in arbitration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Small Claims Matters Are Excluded from Arbitration Requirement. Notwithstanding the foregoing, either Party may bring a qualifying claim of Disputes (but not Excluded Disputes) in small claims court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** No Class Action Matters. **YOU AND HDL AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH PARTY'S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.** Further, if the Parties' Dispute is resolved through arbitration, the arbitrator may not consolidate another person's claims with Your claims, and may not otherwise preside over any form of a representative or class proceeding. Disputes will be arbitrated only on an individual basis and will not be consolidated with any other arbitrations or other proceedings that involve any claim or controversy of any other party. But if, for any reason, any court with competent jurisdiction or any arbitrator selected pursuant to Section 16(b) above holds that this restriction is unconscionable or unenforceable, then the Parties' agreement in Section 16(b) above to arbitrate will not apply and the Dispute must be brought exclusively in court pursuant to Section 16(e) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** Federal and State Courts in Delaware. Except to the extent that arbitration is required in Section 16(b) above, and except as to the enforcement of any arbitration decision or award, any action or proceeding relating to any Dispute or Excluded Dispute may only be instituted in state or federal court in New Castle County, Delaware. Accordingly, the Parties consent to the exclusive personal jurisdiction and venue of such courts for such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)** Severability. With the exception of any of the provisions in Section 16(d) of this Agreement ("**Class Action Waiver**"), if an arbitrator or court of competent jurisdiction decides that any part of the Agreement is invalid or unenforceable, the other parts of this Agreement will still apply.

**17.** **<u>General Terms</u>.** This Agreement will transfer and be binding upon and will inure to the benefit of the parties and their permitted successors and assigns, in particular any Transferee. This Agreement constitutes the entire agreement, and supersedes any and all prior or contemporaneous representations, understandings and agreements, between the Parties with respect to the subject matter of this Agreement, all of which are hereby merged into this Agreement. Without limitation, the terms of any other document, course of dealing, or course of trade will not modify this Agreement, except as expressly provided in this Agreement or as the Parties may agree in writing. No amendment to this Agreement or waiver of any provision hereof will be valid or binding unless reduced to writing and duly executed by the Party or Parties to be bound thereby. Failure to promptly enforce a provision of this Agreement will not be construed as a waiver of such provision. Nothing contained in this Agreement will be deemed to create, or be construed as creating, a joint venture or partnership between the parties. Neither Party is, by virtue of this Agreement or otherwise, authorized as an agent or legal representative of the other Party. Neither Party to this Agreement is granted any right or authority to assume or to create any obligation or responsibility, express or implied, on behalf or in the name of the other party, or to bind such other Party in any manner. The Parties hereby designate HDL as a third-party beneficiary of Section 6(e), having the right to enforce Section 6(e) of this Agreement. Except as set forth in Section 6(e) of this Agreement with regards to HDL, nothing contained in this Agreement will be deemed to create any third-party beneficiary right upon any third party whatsoever. Each of the Parties acknowledges that it has had the opportunity to have this Agreement reviewed or not by independent legal counsel of its choice. If any one or more of the provisions of this Agreement should be ruled wholly or partly invalid or unenforceable, then the provisions held invalid or unenforceable will be deemed amended, and the court or other government body is authorized to reform the provision(s) to the minimum extent necessary to render them valid and enforceable in conformity with the parties' intent as manifested herein. The headings to Sections of this Agreement are for convenience or reference only and do not form a part of this Agreement and will not in any way affect its interpretation. Neither Party will be afforded or denied preference in the construction of this Agreement, whether by virtue of being the drafter or otherwise. For purposes of this Agreement, the words and phrases "include," "includes", "including" and "such as" are deemed to be followed by the words "without limitation". Any notices or other communications provided by HDL under this Agreement be given by posting to the Artworks Website or other website elected by HDL. You may give notice to HDL by mail per the below, effective upon receipt. The Parties have agreed to contract electronically, and accordingly, electronic signatures will be given the same effect and weight as originals.

**Contact Information.** If You have any questions about this Agreement, please contact HDL.

Via phone:

or via mail: Hygienic Dress League Corp., 257 Old Churchmans Road, New Castle, Delaware, 19720.

## Ex1A-10

**Exhibit 1A-10**

![](ex1a10-001.jpg)

DocuSign Envelope ID: 81 FEEF62-1704-4A7F-94ED-DCBEA5AE8BB1 POWER OF ATTORNEY of HYGENIC DRESS LEAGUE CORP Hygienic Dress League Corp. (the "Company"), a corporation organized and existing under the laws of the Delaware, hereby constitutes and appoints Bull Blockchain Law, LLP and any of its attorneys acting singly and with full power of substitution, including Andrew Bull, Esq., the Company's true and lawful attorney-in-fact to: 1. Execute, acknowledge and deliver on behalf of the Company all documents and agreements necessary or proper to effect the filing of private placement exemptions with the U.S. Securities and Exchange Commission ("SEC"), including, but not limited to the Form Id Uniform Application for Access Codes to File on Edgar and Form A. 2. Do and perform any and every act required, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Company might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The authority to grant this Power of Attorney was approved by the board of directors of the Company. The Company, through its board of directors, ratifies and confirms all actions that the attorneys-in-fact or any of them, may lawfully do or cause to be done by virtue of this instrument. This Power of Attorney, unless earlier revoked by the Company in a signed writing delivered to each of the foregoing attorneys-in-fact, shall remain in effect until the earlier to occur of (a) the date on which the transactions set out in the Power of Attorney are consummated and (b) the date that is sixty (60) days from the date of this Power of Attorney. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this Tuesday, November 16, 2021 ROMERO TAPIA Notary Public - Seal ,: Marion County - State of Indiana • Commission Number NP0720826 ~ My Commission Expires Jun 17. 2027 HYGENIC DRESS LEAGUE CORP. By:lifi:Y'~ N arlie:~e'-lf~H9e8'y Title: Director

## Ex1A-11

**Exhibit 1A-11.1**

 **<u>COUNSEL'S INCLUSION LETTER</u>**

We agree to Bull Blockchain Law's inclusion in this Offering Statement on Form 1-A, dated January 18, 2023, on the contributions, preparation, and guidance for Hygienic Dress League Corp.

---

| |
|:---|
| Andrew Bull, Esq. |
| /s/ *Andrew Bull* |
| Bull Blockchain Law LLP |
| 21 S 11<sup>th</sup> St Floor 2 |
| Philadelphia PA 19107 |
| January 18, 2023 |

---

## Ex1A-11

**Exhibit 1A-11.2**

**<u>INDEPENDENT AUDITOR INCLUSION LETTER</u>**

We agree to Jennifer L. Anderson, LLC's inclusion in the Form 1-A Offering Statement dated January 18, 2023, of our audit of the consolidated financial statements of Hygienic Dress League, Corp as of December 31, 2021 and expressly acknowledge reference as an "expert" in the Form 1-A Offering Statement.

---

| |
|:---|
| Jennifer Anderson, CPA |
| /s/ Jennifer Anderson |
| Jennifer L. Anderson, LLC |
| Moorestown, NJ 08057 |
| January 18, 2023  |

---

## Ex1A-12

**Exhibit 1A-12**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![](blackchain_logo.jpg)  | <br>21 S 11<sup>th</sup> Street, Floor 2 <br> Philadelphia, PA 19107 <br> www.bullblockchainlaw.com <br> T: 215-695-5860 <br> F: 215-278-9064  |

---

January 19, 2023

Hygienic Dress League

405 West Grand Blvd.

Detroit, MI 48216

---

| | |
|:---|:---|
| **Re:** | **Offering Statement on Form 1-A** |

---

Ladies and Gentlemen:

We have acted as counsel to Hygienic Dress League Corp., a Delaware corporation (the "<u>Company</u>") in connection with the preparation and filing of an Offering Statement on Form 1-A (the "<u>Offering Statement</u>") under Regulation A of the Securities Act of 1933, as amended, with the Securities and Exchange Commission (the "<u>Commission</u>"). Pursuant to the Offering Statement, the Company is offering for sale up to 600,000 shares of Class B Common stock, par value $0.0001 per share, of the Company (the "<u>Shares</u>"). This opinion (the "<u>Opinion</u>") is being provided at your request in connection with the filing of the Offering Statement.

In rendering this Opinion we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the "<u>Documents</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Offering Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Company's Amended and Restated
 Certificate of Incorporation filed with the Secretary of State of the State of Delaware on
 January 4, 2022 (the " <u>Charter</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Amended and Restated Bylaws of the
 Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Resolutions adopted by Written Consent
 of the Board of Directors of the Company, dated as of January 4, 2022 and relating to the
 issuance and sale of the Shares (the " <u>Resolutions</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. A Good Standing Certificate of the Company
 issued by the Delaware Division of Corporations on January 4, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. A certificate executed by Steven Coy,
 President and Secretary of the Company, dated as of January 4, 2022; and

---

| | |
|:---|:---|
| ![](blackchain_logosm.jpg) | Hygienic Dress League Corp.<br> January 19, 2023<br> Page 2 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Such other documents and matters as
 we have deemed necessary or appropriate to express the opinions set forth below, subject
 to the assumptions, limitations and qualifications stated herein.

In expressing the opinions set forth below, we have assumed the following:

Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each individual executing any of the
 Documents, whether on behalf of such individual or another person, is legally competent to
 do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each individual executing any of the
 Documents on behalf of a party (other than the Company) is duly authorized to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the parties (other than the
 Company) executing any of the Documents has duly and validly executed and delivered each
 of the Documents to which such party is a signatory, and such party's obligations set
 forth therein are legal, valid and binding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All Documents submitted to us as originals
 are authentic. All Documents submitted to us as certified or photostatic copies conform to
 the original documents. All signatures on all such Documents are genuine. All public records
 reviewed or relied upon by us or on our behalf are true and complete. All statements and
 information contained in the Documents are true and complete. There has been no oral or written
 modification or amendment to the Documents, or waiver of any provision of the Documents,
 by action or omission of the parties or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The final versions of all Documents
 reviewed by us in draft form will conform to such drafts in all respects material to the
 opinions expressed herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. None of the Shares will be issued or
 transferred in violation of Article VII of the Charter or any other restriction or limitation
 on transfer and ownership of shares of stock of the Company contained in the Charter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. After the date hereof, upon issuance
 of any of the Shares, the total number of Shares issued and outstanding will not exceed the
 total number of Shares that the Company is then authorized to issue under the Charter.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

---

| | |
|:---|:---|
| ![](blackchain_logosm.jpg) | Hygienic Dress League Corp.<br> January 19, 2023<br> Page 3 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is a corporation duly incorporated
 and existing under and by virtue of the laws of the State of Delaware and is in good standing
 with the Delaware Division of Corporations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Shares have been duly authorized
 and, upon delivery of the Shares in the manner contemplated by the Resolutions, the Charter
 and the Offering Statement, will be validly issued, fully paid and nonassessable.

The opinions set forth herein are subject to additional assumptions, qualifications and limitations as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We have made no investigation of, and
 we express no opinion as to, the laws of any jurisdiction other than the laws of the State
 of Delaware. To the extent that any documents referred to herein are governed by the laws
 of a jurisdiction other than the State of Delaware, we have assumed that the laws of such
 jurisdiction are the same as the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Opinion concerns only the effect
 of the laws (exclusive of the principles of conflict of laws) of the State of Delaware as
 currently in effect. We assume no obligation to supplement this Opinion if any applicable
 laws change after the date hereof or if any facts or circumstances come to our attention
 after the date hereof that might change this Opinion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) We express no opinion as to compliance
 with the securities (or "blue sky") laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) This Opinion is limited to the matters
 set forth herein, and no other opinion should be inferred beyond the matters expressly stated.

The Opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

We hereby consent to the filing of this Opinion with the Commission as Exhibit 11 to the Offering Statement and to the reference to our firm and to our Opinion in the Offering Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Act or the rules and regulations of the Commission thereunder or Item 509 of Regulation S-K. This opinion may not be relied on by any other person or in any other connection without our prior written approval.

---

| |
|:---|
| Sincerely, |
| /s/ Bull Blockchain Law LLP |
| **Bull Blockchain Law LLP** |

---

## Ex1A-13

**Exhibit 1A-13.1**

![](ex1a131-001.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e1/7HDL CorpFollowFeb 28·5 min read·ListenSaveHygienic Dress League's New NFT Project Blursthe Line Between Art and a CorporationHDL Corp. logo 2022Contemporary art duo Steve and Dorota Coy founded their conceptual art projectHygienic Dress League (HDL) in 2007 as a meta-commentary on capitalism and the placeofartwithintheAmericaneconomicsystemHDLwasinitiallyimaginedasafictitiousOpen in appGet started

![](ex1a131-002.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e2/7of art within the American economic system. HDL was initially imagined as a fictitiouscorporation, adopting the language and appearance of large companies while engaging ina fine art practice that included performance and public art interventions. The latestversion of the project doubles down on the concept of art as a corporation by filing aRegulation A exemption with the SEC and functioning as a legally-recognized andregulated corporation.What Makes HDL Unique?HDL represents a new form of art that uses existing legal structures as its framework. Thisfirst of its kind art project doubles as performance art and business venture, featuringregulated NFTs as part of its stock option. By operating as a corporation, HDL is able tosell shares and invite people to be public participants in the project. How shareholdersengage with the project will ultimately determine the company's market value. As acorporation, they plan to create both virtual and physical artwork, which will contributeto the recognition and the value of the company over time.Why a Corporation?The project began with a question about the role corporations play in controlling how wethink and interact within society. The Coys wanted people to question the use of brandingto communicate and influence in subtle and sometimes nefarious ways that permeateeveryday life. At the same time, they also wanted people to think about the relationshipbetween art and capital. To play with this idea, they decided to approach art from theperspective of a corporation, or rather to use the corporate world as their artistic medium.The work holds a mirror up to the artists themselves, examining their "worth" or "value"in a society that puts money above all else. Corporations can manufacture and priceproducts and services at arbitrary levels, based largely, if not exclusively, on the perceptionof value. HDL comments upon modern society while participating in it, demonstrating theinescapability of capitalism. HDL is not meant to be purely critical, rather it is designed toprovoke thought around socially accepted structures ? are these the best we can do?What would it mean to imagine something different? And how can we work consciouslywithin these structures in the meantime?How It WorksOpen in appGet started

![](ex1a131-003.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e3/7On January 4th, HDL filed its application with the SEC for Regulation A+ exemption toissue securities. They also filed for a Tier 2 offering that, if approved, would allow for theissuance of up to $75 million in securities within a 12-month period.Like any corporation, HDL's goal is to create value for shareholders. Shares sold on thesecondary market will accrue dividends for our shareholders. With the recent boom inNFTs, the artists wanted to incorporate NFTs due to the technology involved and how itfits so seamlessly within the medium of conceptual art itself. Their trailblazing new modeloffers a more regulated entry into NFTs, with shareholders getting a cut of the profits.(Bored Ape, for example, has already surpassed a billion dollars in sales; if they hademployed HDL's model, $40 million would have gone to shareholders.)NFT "Employees"Steve and Dorota Coy have been making digital artwork since 2007, and now with theemergence of new technology and NFT popularity, they can make their workcommodifiable, profitable, and in a unique twist, fully regulated. This is the first evercollection of NFTs that represent a security or investment as a Regulation A tokenizedshare. And because HDL is filed with the SEC, they're able to offer an unprecedented levelof security and transparency for investors. For every 10 shares purchased, investors get anew NFT employee at random. While the NFT securities/shares will be highly regulated,the NFT Employees will operate on the existing unregulated market without SECoversight.Every facet of HDL operates at a functional level (benefiting the artists or participants),while simultaneously acting as a meta-commentary on corporate systems. This is true,too, for the NFTs, which represent three levels of the corporation's "workforce":Extractors (low-level workers)Transporters (mid-level workers)Executives (top-tier)The brightly colored NFTs will be constructed from video and photographs translated intoGIFs and JPGs. The accessories, clothing, and movements of each Employee NFT will bedetermined by their level in the company. In all, there will be 2222 Executives, 8888Transportersand44444ExtractorsThestratificationofHDLemployeeswillbeOpen in appGet started

![](ex1a131-004.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e4/7Transporters, and 44,444 Extractors. The stratification of HDL employees will berepresented by respective hierarchies of scarcity and rarity.In the beginning, most people will have lower-level employees. 5 Extractors can be tradedin or "promoted" to become a Transporter. Likewise, 4 Transporters can be traded in foran Executive. As these "employees" are traded, "promoted," or "demoted" as they changehands and gain or lose value, the activity yields dividends for shareholders. The process ofadding or subtracting "employees" highlights the role of employees as resources for thecompany, and raises the question of which people are considered "valuable" and why.Reasons to InvestGet access to physical, virtual exhibitions, dividends, and other benefits.Receive a unique piece of art (with every 10 shares purchased).Enjoy the novelty of participating in a new kind of communal performance art.Make a financial investment to gain value and potentially earn money.(Note: Until the filing is finalized, HDL can only accept notes of interest; No value can beexchanged and they cannot promise any shares.) To get on the waitlist, please visit here.hygienic dress league NFT Announcementhygienic dress league NFT AnnouncementOpen in appGet started

![](ex1a131-005.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e5/7About Hygienic Dress League (HDL)Founded in 2007 by conceptual art duo Steve and Dorota Coy, Hygienic Dress League(HDL) is a legally registered corporation as a new and original form of art. HDL uses thelegal framework and operational strategies of a corporation as conceptual andperformance art. Leveraging the promotional strategies of modern corporations, HDLinfuses culture and art into places traditionally meant for raising awareness aboutproducts and services, subverting expectations and engaging the public in cultural eventsor performance art. Pending SEC approval, HDL intends to raise money through anotherpublic performance art project that will be available to the public. Shares of thecorporation will be a new form or medium of art.For more information, please visit hdlcorp.io.Open in appGet started

![](ex1a131-006.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e6/7HDL Corp. Employees "Transporters""No money or other consideration is being solicited, and if sent in response based on theaforementioned information, no consideration will be accepted.""No offer to buy the securities can be accepted and no part of the purchase price can beOpen in appGet started

![](ex1a131-007.jpg)

5/13/22, 9:41 AMHygienic Dress League's New NFT Project Blurs the Line Between Art and a Corporation \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-leagues-new-nft-project-blurs-the-line-between-art-and-a-corporation-798906edf24e7/7received until the offering statement filed with the U.S. Securities and ExchangeCommission is qualified, and any such offer may be withdrawn or revoked, withoutobligation or commitment of any kind, at any time before notice of its acceptance givenafter the qualification date."AboutHelpTermsPrivacyGet the Medium appOpen in appGet started

## Ex1A-13

**Exhibit 1a13_2**

![](ex1a132-001.jpg)

5/13/22, 9:42 AMHygienic Dress League Selected to Create Art Experience at Pivot MIA \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-league-selected-to-create-art-experience-at-pivot-mia-2869c71d99951/5HDL CorpFollowMar 8·3 min read·ListenSaveHygienic Dress League Selected to Create ArtExperience at Pivot MIAThe one-of-a-kind event, hosted by Vox Media, drew an array of prominent figures from thetech industryMIAMI (March 8, 2022) ? Hygienic Dress League (HDL), a legally registeredcorporation as a new and original form of art, was recently awarded the opportunity tocreate an immersive art experience at Pivot MIA, a three-day event that aimed to2Open in appGet started

![](ex1a132-002.jpg)

5/13/22, 9:42 AMHygienic Dress League Selected to Create Art Experience at Pivot MIA \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-league-selected-to-create-art-experience-at-pivot-mia-2869c71d99952/5ceate a ese at epeece at ot , a teeday eet tat aed tochallenge convention and featured prominent names in fintech, media, education,entertainment, climate, and more. The event was presided over by Kara Swisher and ScottGalloway, renowned figures in tech and journalism and co-hosts of the podcast "Pivot."The event took place in Miami from February 14?16, 2022.On the evening of the 15th, HDL unveiled installations throughout the Faena Forum, oneof the main spaces at the conference, transforming part of the space into the "Museum ofthe Future." The museum invited viewers to look upon contemporary technologicaldevices through a future lens, prompting them to think about our everyday possessions assomeday artifacts. Performers created scenes that wove into a broader narrative aroundthe past, present, and future of humans. Characters in gas masks, a signature motif ofHDL's work, walked around the space, engaging the roughly 300 conference attendeesthrough performance and "Messages from the Future" for them to ponder. From thecocktail hour to the afterparty, HDL's imagery served as a through line for an evening ofexploration, reflection, and fun."We'rethrilledtohavehadtheopportunitytopushtheconversationfurtherinaspaceOpen in appGet started

![](ex1a132-003.jpg)

5/13/22, 9:42 AMHygienic Dress League Selected to Create Art Experience at Pivot MIA \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-league-selected-to-create-art-experience-at-pivot-mia-2869c71d99953/5Were thrilled to have had the opportunity to push the conversation further in a spacewhere decision-makers in tech and business were engaging in dialogue about the worktheir companies are doing. I believe that our installations pushed attendees to examineeven deeper questions ? namely, what does it mean to be a company in the first place?And what does it mean to be human? These are the kinds of discussions we aim to setalight," said Dorota Coy, co-founder of HDL. "Thank you to Kara Swisher, Scott Galloway,and the entire team behind Pivot MIA for recognizing the importance of these questionsand giving us space to explore them."This event comes on the heels of HDL's recent Regulation A filing with the Securities andExchange Commission (SEC). Pending SEC approval, HDL will have clearance for theissuance of up to $75 million of securities in a 12-month period, and offer participants600k non-fungible token (NFT) securities. To pre-register for the offering, visit hdlcorp.ioor sign up for direct updates here.AboutHygienicDressLeague(HDL)Open in appGet started

![](ex1a132-004.jpg)

5/13/22, 9:42 AMHygienic Dress League Selected to Create Art Experience at Pivot MIA \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-league-selected-to-create-art-experience-at-pivot-mia-2869c71d99954/5About Hygienic Dress League (HDL)Founded in 2007 by conceptual art duo Steve and Dorota Coy, Hygienic Dress League(HDL) is a legally registered corporation as a new and original form of art. HDL uses thelegal framework and operational strategies of a corporation as conceptual andperformance art. Leveraging the promotional strategies of modern corporations, HDLinfuses culture and art into places traditionally meant for raising awareness aboutproducts and services, subverting expectations and engaging the public in cultural eventsor performance art. Pending SEC approval, HDL intends to raise money through anotherpublic performance art project that will be available to the public. Shares of thecorporation will be a new form or medium of art.For more information, please visit hdlcorp.io.Media inquiries:Carly Cao3Points CommunicationsCarly@3ptscomm.com"No money or other consideration is being solicited, and if sent in response based on theaforementioned information, no consideration will be accepted.""No offer to buy the securities can be accepted and no part of the purchase price can bereceived until the offering statement filed with the U.S. Securities and ExchangeCommission is qualified, and any such offer may be withdrawn or revoked, withoutobligation or commitment of any kind, at any time before notice of its acceptance givenafter the qualification date."Open in appGet started

![](ex1a132-005.jpg)

5/13/22, 9:42 AMHygienic Dress League Selected to Create Art Experience at Pivot MIA \| by HDL Corp \| Mediumhttps://medium.com/@admin_63228/hygienic-dress-league-selected-to-create-art-experience-at-pivot-mia-2869c71d99955/5AboutHelpTermsPrivacyGet the Medium appOpen in appGet started

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** Hygienic Dress League Corp

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2021

**CIK:** 0001897359

**I.R.S. Employer Identification Number:** 87-3754295

**Primary Standard Industrial Classification Code:** 2741

**Total number of full-time employees:** 2

**Total number of part-time employees:** 0

**Address of Principal Executive Offices:** 405 WEST GRAND BLVD, —, DETROIT, MI 48216

**Company Phone:** 2156955860

**Person to contact:** Andrew Bull

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount     |
|:---|:---|
| Cash and Cash Equivalents                | $202986.49 |
| Investment Securities                    | $0.00      |
| Accounts and Notes Receivable            | $200000.00 |
| Property, Plant and Equipment (PP&E)     | $2786.39   |
| Total Assets                             | $330909.33 |
| Accounts Payable and Accrued Liabilities | $0.00      |
| Long-Term Debt                           | $0.00      |
| Total Liabilities                        | $116.59    |
| Total Stockholders' Equity               | $330792.74 |
| Total Liabilities and Equity             | $330909.33 |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount      |
|:---|:---|
| Total Revenues                            | $65055.80   |
| Costs and Expenses Applicable to Revenues | $252924.92  |
| Depreciation and Amortization             | $0.00       |
| Net Income                                | $-187869.12 |
| Earnings Per Share - Basic                | 0.06        |
| Earnings Per Share - Diluted              | 0.06        |

**Auditor Information**

| Metric          | Amount                    |
|:---|:---|
| Name of Auditor | JENNFIER L. ANDERSON, LLC |

### Outstanding Securities

| Class                 |   Outstanding | CUSIP     | Publicly Traded   |
|:---|---:|:---|:---|
| Class A Voting Common |        400000 | 000000N/A | N/A               |
| N/A                   |             0 | 000000N/A | N/A               |
| N/A                   |             0 | 000000N/A | N/A               |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier1

**Financial Statement Status:** Unaudited

**Type of Securities Offered:** Equity (common or preferred stock)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** No

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** Yes

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount      |
|:---|:---|
| Number of securities offered                                    | 656250      |
| Number of securities outstanding                                | 0           |
| Price per security                                              | $10.00      |
| Issuer's aggregate offering price                               | $6562500.00 |
| Aggregate offering price of securities held by security holders | $0.00       |
| Aggregate price of securities offered concurrently              | $0.00       |
| Total aggregate offering price                                  | $6562500.00 |

**Anticipated Fees**

| Service Provider   | Name                    | Fees      |
|:---|:---|:---|
| Auditor            |  |  |
| Legal              | Bull Blockchain Law LLP | $60000.00 |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** —

### Item 5. Jurisdictions in Which Securities are to be Offered

- All States and Territories

### Item 6. Unregistered Securities Issued or Sold Within One Year

**Name of Such Issuer:** Hygienic Dress League Corp.

**Title of Securities Issued:** Simple Agreement for Equity

**Total Amount of Securities Issued:** 1

**Amount of such securities sold by principal security holders:** 0

**Aggregate consideration:** 500000

**Basis for aggregate consideration:** —

**Securities Act Exemption:** 506 (c)