Email Regarding SEE Tokens

Dear SEE holder,

We are writing to you today to update you on the status of Look Lateral and the refunds from our 2018 SEE Token Pre-Sale.

Much has changed in the crypto world in the time since we held the SEE Pre-sale in January of 2018.

Given the evolution of ICOs, and considering regulatory posture in various countries, Look Lateral changed the nature of the LOOK token.

Originally conceived as a “Utility token” , the LOOK was instead issued as a “Security Token” in a Security Token Offering (STO) designed to comply with securities laws in the U.S.A.

The basic assumptions of the LOOK tokens are the following:

-all LOOK tokens owners will earn a fixed return paid in dollars for ten years. -That return was set at 15% ROI per year for the LOOK sold at the public price of $ 0.15. -All LOOKs, regardless of the purchase price, will be entitled to $ 0.0225 each year. -There is a two-year grace period in which the annual return would accrue and may not be paid. Those two years would be paid together with the third year's return. -After 10 years (coinciding with the payment of the yield of the year 10), Look Lateral will return the original amount paid. For example, a LOOK issued at 15 cents would be refunded at 15 cents. -In addition, the LOOK is also a preferred stock of the company, in relation of 1:100 with common stocks. -The LOOK tokens is issued under REG D and REG S.

Because those regulations restrict who can be issued securities, Look Lateral could not issue LOOKs to all of the people who had purchased SEEs.

For this reason we started a procedure to provide value to those people who couldn't convert the SEE tokens in LOOK tokens.

As you know, Look Lateral began to accept refund requests from investors who purchased SEE tokens in 2019.

The security tokens were a new and unknown tool, and the institutional investors we have spoken to didn't want to invest in something related to crypto, especially after so many problems, scams and uncertainty.

Unfortunately, even if we strongly believe in the goodness and solidity of the LOOK tokens as investment, our returns from our STO were minimal, and we can publish the final data upon request.

As such, we regret that we do not have the resources to refund the SEE token-holders at this time.

But it's our intention to take care of you as best as we can. We really want to provide you real value, also considering the time period.

We understand your frustration, and are currently consulting with outside guidance in order to determine how to provide you with the value that you hoped to see from us in 2018.

We have prepared a detailed plan that must be discussed with SEC.

We anticipate that we will make progress in this regard soon, and will be in touch with further updates as soon as possible.

The company is now opening a new equity round to finish the product and launch it on a global scale.

Even with limited resources we kept moving forward developing our beta of the platform, producing and testing our NFC tags, developing the app to tag artworks, establishing the legal framework of FIMART Exchange that will be in Switzerland under the laws that regulate alternative securities, signing agreements with major art players, and especially building the financial environment and conditions to ensure high liquidity in the art trading since the beginning of the activities.

To support this last point I'm glad to announce that Francesca Chieti, Head of Institutional Investors and Business Development of London Stock Exchange Group, joined Look Lateral as Executive Advisor and shareholder.

We appreciate your continued patience, and look forward to resolving this matter as soon as we can.

If you have any questions or require more information, please contact us by email or request a call directly with me.

Thank you for your support in Look Lateral,

Best,

Niccolò

   Niccolò Filippo Veneri Savoia
   Chief Executive Officer
   phone: +39 339 7003696
   email: [email protected]

Posted Mar 1, 2020, 1:15 AM UTC

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durstsdad•

I want to connect with other Look Lateral investors and start discussing legal options. Any here? Going to start reaching out on twitter and via e-mail.

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