The Demo Mobile app showing the User (tourist) was purpose-built to explain UTPS to government decision makers. This step having now be completed, the Project Team has moved on to formulating the most effective method of presenting the plan. First, to the Palau government, but thinking also about other small island economies. Recent events have shown Palau proves to be an excellent first case. The project team remained in communication with its government contacts to review Palau government blockchain initiatives with partnerships in context. The team updated the status of the tourism sector and the socio-economic situation of the island state. The team also worked on various situation reports on how recent events in the blockchain space and the FTX shenanigans have made Palau users wary of all things crypto. This situation awareness is necessary to define ways and means to deflect negative perceptions of crypto by government senior decision makers, when pitching payment system and taxes monitoring solutions and practical implementation.

As we structure our proposal toward P gov, it turns out that we definitely came to the realisation, during this month of December 2022, that risk management will be front and center in our approach vis-à-vis the Palau government.

Our presentation to the Palau government must deal with the increasing credibility problem of crypto not only among the public but also senior decision makers, especially those who are less educated and experienced in the day-to-day evolution of the ecosystem. Having spent a substantial amount of time analysing recent collapses and the associated contagion, including and not limited to the U.S. House Financial Committee hearings of the newly appointed FTX CEO, we observed that the crypto educated and experienced community can’t just stick to a business as usual attitude, such as rationalisation that crypto is good and this is merely an issue with a few bad apples, old school embezzlement, lack of management controls, and not our concern, etc.

We see our risk management driven presentation focusing on 3 levels of concern:

1- Ecosystem issues that have potential to severely harm P gov good standing 2- Macro-economic and other systemic contagion issues 3- Issues of operational dependency over 3rd parties

As we review multiple points of failure in this crypto ecosystem, we try and put together a compelling argument that the proposed Universal Tourist Payment System will thrive to not only steers clears of such structural defaults, but will help P gov to stay out of harm’s way.

Continuing areas of research and development remain as follows:

• Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

• Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market.

The project team continues to improve features in the final website and is experimenting with new ideas for features and tools:

• servers for community – alternatives to Discord
• relevant podcasts (e. g. ‘Unrugging NFT communities’)
• job board (we’re still short of hands)
• using of generative AI to write feature articles
• dictionary as living inventory of terms in the crypto space and Cardano ecosystem The team aims at project completion in First Half 2023. Even after completion, the team is likely to continue to enrich the website and related features and services.

Due to current event affecting the crypto ecosystem at large, and the team’s own experience with other projects, the project team came to the realisation that it would be desirable to make risk management front and center in our service vis-à-vis third parties.

We see our risk management driven process focusing on 3 levels of concern:

1- Ecosystem ethical issues that have potential to severely harm society at large 2- Macro-economic and other systemic contagion issues 3- Counterparty risk and issues of operational dependency over 3rd parties

Our professional ethics should be about helping our community of users to stay out of harm’s way as much as possible, including awareness of issues linked to counterparty risk.

The team is also looking at potential new specific development regarding generative AI. In the process of evaluating the use of generative AI, we already looked at written content.

However, our intention is to proceed one step further in the utilization of regenerative AI to build legal scenarios and assess certain legal processes: we’re closely monitoring a use case that deals with breach of fiduciary duty such as duty of care. This use case is being developed among a legal tech community we work closely with, in the context of chatGPT experiments, a work-in-progress just conducted in recent days (OpenAI – MIT – Stanford).

The Demo Mobile app showing the User (tourist) was purpose-built to explain UTPS to government decision makers. This step having now be completed, the Project Team has moved on to formulating the most effective method of presenting the plan. First, to the PalauGov, but thinking also about other small island economies. Recent events have shown Palau proves to be an excellent first case. The project team remained in communication with its government contacts to review Palau’s government blockchain initiatives with partnerships in context. The team updated the status of the tourism sector and the socio-economic situation of the island state. The team also worked on various situation reports on how recent events in the blockchain space and the FTX shenanigans have made Palau users wary of all things crypto. This situation awareness is necessary to define ways and means to deflect negative perceptions of crypto by government senior decision makers, when pitching payment system and taxes monitoring solutions and practical implementation.

Most of the work in October was focused on debugging the UTPS Demo App together with the developer. This included streamlining the flow of screens and information input/output for users applying for a Palau Visa, booking a Palau trip, and making payments, as it should appear in the Demo App. All UTPS Demo App clearance steps were successfully completed by October 2022 together with the developers, who were instructed to invoice accordingly.

The team decided to extend the project duration to improve features in the final website.

The team has also been experimenting with new ideas for features and tools:

• servers for community – alternatives to Discord
• relevant podcasts (e. g. ‘Unrugging NFT communities’)
• job board (we’re still short of hands)
• using AI to write feature articles
• dictionary as living inventory of terms in the crypto space and Cardano ecosystem

The team will reassess development progress by the end of this year. Even after completion, the team is likely to continue to enrich the website and related features and services.

Continuing areas of research and development remain as follows:

• Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

• We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ] While the project team remained active during the Summer, the timing wasn’t favourable to recruit a student as research intern. As we transition to Fall, we will resume recruitment of an intern to help further develop the website.

• Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market. The most salient research issue in the past weeks emerged with regulatory signals that took place at the time of the successfully completed Ethereum Merge with its transition from PoW to PoS.

• That most salient research issue remains the potential qualification of PoS blockchain-based cryptoassets as falling under U.S. securities law, as well as tools and functionalities built on top of these. Earlier this year, similar echoes had come out of South Korea after President Yoon Suk-yeol mentioned that tokens classified as securities will fall under the existing capital markets act, while a new law will be designed for non-securities tokens.

• We keep monitoring regulatory uncertainty for PoS ecosystems. For up-to-date legal information, we may want to distinguish between those functionalities involving ‘yield’ (most of fintech/DeFi) and the rest.he recurrent discussion, led by the U.S. S.E.C., that PoS-based ‘cryptoassets’ or ‘cryptocurrencies’ might be considered as securities, together with some or all of whatever is built on top of that layer. That may be understood when ‘yield’ is involved (DeFi), however would have some consequences for the management of e.g. simple DAOs.

• Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

• We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ] While the project team remained active during the Summer, the timing wasn’t favourable to recruit a student as research intern. As we transition to Fall, we will resume recruitment of an intern to help further develop the website.

• Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market. The most salient research issue in the past weeks emerged with regulatory signals that took place at the time of the successfully completed Ethereum Merge with its transition from PoW to PoS.

• That most salient research issue remains the potential qualification of PoS blockchain-based cryptoassets as falling under U.S. securities law, as well as tools and functionalities built on top of these. Earlier this year, similar echoes had come out of South Korea after President Yoon Suk-yeol mentioned that tokens classified as securities will fall under the existing capital markets act, while a new law will be designed for non-securities tokens.

• We keep monitoring regulatory uncertainty for PoS ecosystems. For up-to-date legal information, we may want to distinguish between those functionalities involving ‘yield’ (most of fintech/DeFi) and the rest.he recurrent discussion, led by the U.S. S.E.C., that PoS-based ‘cryptoassets’ or ‘cryptocurrencies’ might be considered as securities, together with some or all of whatever is built on top of that layer. That may be understood when ‘yield’ is involved (DeFi), however would have some consequences for the management of e.g. simple DAOs.

Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market, whereas recent unfortunate market events are quite likely to derail similar projects in their funding, execution, and regulation. From events surrounding Celsius, Voyager, Nomad Bridge, Solana (wallet drainage), to considering that any fancy development on top of layer 1 infrastructure is going to generate concern from responsible investors and regulators, that may require even more scrutiny. From crypto regulations as they’re in the process of being set by some countries, to specific regional implementations e.g. Latin America. From crypto assets clearing, credit, and custody, to potentially disruptive processes such as on-chain dispute resolution. Etc. Fundamental issues include and are not limited to multi-signature wallets for project funds management, payment procedures between project entities and members, and taxation.

We are at the final stages of working with Devs to complete the application

While much has happened in the past month, that connects to derelict behavior on DeFi markets (fuzzy stable coin engineering, insufficient collateral in loans and margin calls mechanisms, quasi-Ponzi scheme and other stupidly improbable interest/return rates offered by a bunch of quasi-fraudulent crypto entrepreneurs toward crowds of inexperienced and financially gullible users, what is the point of reproducing the sins of mainstream finance?) and calls for more responsible behavior in that space, we may stick to more robust trends:

-1- Charles Hoskinson’s testimony requesting more regulatory clarity from the likes of the Sec and CFTC, that elaborates on some fundamental of legal engineering, such as built-in compliance aka compliance by design, and emphasizing e.g. that “cryptocurrencies have the ability to carry out much of this regulatory work automatically, suggesting a “self-certification system” that automatically monitors compliance”.

-2- The main issue that still affects not only our Cardano Catalyst community but is in fact relevant to the issue of fiduciary duties of DAOs at large- which is simply that an amount of “value” (crypto-currency) received by an individual’s wallet upon reckoning with a winning decentralized vote for a “proposal” to the DAO, remains a grey zone about how it should be fiscally handled. Which entity pays which other entity or “whom”. If a wallet is linked to an individual and not a legal entity, that individual remains 100% fiscally liable to any amount received: amounts distributed to proposal/project team members may not be deduced nor considered as deductible expenses, etc. This remains the DAO space main legal pain point.

-3- This confirmation of existing developments in our space didn’t go unnoticed: “Decentralized Identifiers (DIDs) v1.0 becomes a W3C Recommendation”: a new tool to empower everyone on the web with privacy-respecting online identity and consent-based data sharing [ https://www.w3.org/2022/07/pressrelease-did-rec.html.en ]. On 19 July 2022, the World Wide Web Consortium (W3C) has announced that Decentralized Identifiers (DIDs) v1.0 is now an official Web standard. This new type of verifiable identifier, which does not require a centralized registry, will enable both individuals and organizations to take greater control of their online information and relationships while also providing greater security and privacy. That resonates positively with Cardano’s ecosystem of standards interoperability, that will consolidate the development of a properly regulated portable economic identity that evolve beyond Bitcoin’s engineering shortcomings, including on decentralized identifiers.

A link to a version that runs on Android v 8 is here:https://drive.google.com/file/d/1mfJWFmfuI8–azdJib_PCUMQ9FTwmquI/view?usp=sharing

JUST RE-SUBMITTING REPORT WITH CORRECT COMPLETION DATE: 30.11.2022

Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

Key actions and new developments include: researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)-

We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ]

We are experimenting with multi-sig wallets for proposal teams [ https://roundtable.theadao.io ]

We are collecting resources for DAO's (essential topic)

We’re still in planning stage for medium (website, etc.).

Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

Key actions and new developments include: researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)-

We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ]

We are experimenting with multi-sig wallets for proposal teams [ https://roundtable.theadao.io ]

We are collecting resources for DAO's (essential topic)

We’re still in planning stage for medium (website, etc.).

Sample dapp demo in process of final revisions beginning preparation of presentation to Gov Palau. Estimated v.01 mid July and we are Continuing discussions with COTI.

Just getting started, onboarding.

The beta testing of the prototype has begun with our developers.

Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

We have chosen a contractor for building the Demo, finalized scope of work and deliverables

We have reached to the COTI business developed team with regards to a partnership, subsequently had a first meeting to understand each project in depth. Moreover, working on contracting a developer for front- end work for Dapp prototype, and, a tax lawyer to explore the Palau tax proposition.

PROJECT NAME: CREATE TEAMING AGREEMENT TEMPLATES PROJECT ID: 700080 PROJECT LINK: < https://cardano.ideascale.com/c/idea/384463/activity >

As of March 17th 2022, the project was successfully completed in terms of full deliverables and on the initially indicated schedule shorter than 2 months. This is the second and last of the monthly reports for this project, ahead of the 24th March deadline. An ‘End of Project Report’ may be further submitted as per Cardano Catalyst guidance < shorturl.at/mtBZ0 >.

The project completion was conveniently timed in order for the deliverables to be included into several Cardano Catalyst Fund8 proposals.

The project deliverables are attached together with this report as follows:

• Project Charter: not a legal document, it provides a useful framework for project management.

• Teaming Agreement: a core component, it provides a legal framework to manage the proposal stage, incorporation and legal formation when required, project governance and management, financial governance and management, and other provisions that might apply.

• Deed of Accession: it governs the accession of any new investor in the project to the relevant legal entity that manages the interests of the project stakeholders.

• General Contract for Services: this is the legal tool to manage any third party services providers i.e. consultants who are external to the project founders team.

• Pre-filled schedules: these are examples for 3 specific cases of consultants that, based on founders experience, tend to happen more frequently, such as web designers, metaverse builders, and project management consultants.

These deliverables are already being referenced within the Cardano Catalyst community in relation to several proposals for Fund8. This concludes the second and last monthly report dated 21 March 2022 for Project 700080 ‘Create Teaming Agreement Templates’.

An ‘End of Project Report’ will follow as per Cardano Catalyst guidance <shorturl.at/mtBZ0>.

Additional Information- 1- Tourist Journey visual 2- Growth Wheel - 30 to 60 day growth plan