Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and sell RENDER in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the amended and restated exemptive relief decision dated October 11, 2024. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.

No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Coinsquare’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.

Coinsquare has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.

Render Network Token (RENDER) is the utility token of the Render Network. Render Network is a distributed GPU rendering network, which was originally built on top of the Ethereum blockchain but since migrated to the Solana blockchain, aiming to connect artists and studios in need of GPU computing power with mining partners (nodes) willing to rent their GPU capabilities out. Creators submit jobs to the network and pay a fee, and node operators execute those jobs, which earn them rewards. The benefit of this network is that creators can access the ability to render 3D creations that would otherwise be unobtainable without a marketplace for computing power. 1 Note that CCML only supports RENDER on the Solana Network, as the former token (RNDR) is no longer supported by the Render Network since its migration. 2

As with all assets, investing in RENDER is not without some general risks. Many of these risks are identified and explained in our Risk Statement. All of the risks of trading and staking crypto that are identified and explained in our Risk Statement apply to RENDER. In addition to the general risks, we outline some risks that are specific to RENDER below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in RENDER. Reliance on the Solana Network

As RENDER is only supported by CCML as an SPL token on the Solana network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Solana network may impact RENDER’s token value. Investors should consider this dependency when evaluating RENDER.

Render Network’s governance implemented a mechanism called the Burn Mint Equilibrium in which artists or creators burn their RENDER tokens for a commensurate amount of non-fungible Render credits. These credits are then used to submit work to the network (effectively paying node operators to execute the job). Node operators that fulfill work are compensated with RENDER tokens. 2 Potential investors should be aware of the Burn Mint Equilibrium mechanism when evaluating RENDER.

The Render Network was founded in 2017 and originally launched on the Ethereum Network. However, in 2023 the community voted to migrate the entire project to Solana in favour of increased throughput and decreased transaction fees. As a result of this change, the former ERC20 network token (RNDR) no longer had any utility in the network and the RENDER SPL token was launched to fulfil the purpose of the utility token. Render Network created a swap mechanism whereby RNDR holders could swap their now-defunct ERC20 token for the new, official SPL token. The community also voted to implement various incentives for RNDR holders to convert their tokens, and numerous centralized exchanges converted their clients’ RNDR holdings to RENDER. To date, not all RNDR has been converted, but those tokens have no utility in the Render Network until they are converted to RENDER tokens.