Overstock Results Presentation Deck

EXCHANGE MCMXXXIV COMMISSION Investor.gov U.S. SECURITIES AND EXCHANGE COMMISSION THE PROBLEM About Us INVESTOR BULLETIN: INITIAL COIN OFFERINGS 1 07/25/2017 Developers, businesses, and individuals increasingly are using initial coin offerings, also called ICOS sales, to raise capital. These activities may provide fair and lawful investment opportunities. Howe technologies and financial products, such as those associated with ICOS, can be used improperly to investors with the promise of high returns in a new investment space. The SEC's Office of Investor E and Advocacy is issuing this Investor Bulletin to make investors aware of potential risks of particip "Virtual coins or tokens that are offered or sold may be securities..." - Investor Bulletin, July 25, 2017 overstock.com "...any entity or person engaging in the activities of an exchange must register as a national securities exchange or operate pursuant to an exemption from such registration." - DAO Report, July 25, 2017 Source: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings 31

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