Whitepaper Disclaimer: This document is a technical whitepaper setting out the current and future developments of OYO (the “Company”). This whitepaper is for information purposes only and is not a statement of future intent. Unless expressly specified otherwise, the products and innovations set out in this whitepaper are currently under development and are not currently in deployment. The Company makes no warranties or representations as to the successful development or implementation of such technologies and innovations or the achievement of any other activities noted in this whitepaper and disclaims any warranties implied by law or otherwise to the extent permitted by law. No person is entitled to rely on the contents of this whitepaper or any inferences drawn from it, including in relation to any interactions with the Company or the technologies mentioned in this whitepaper. The Company disclaims all liability for any loss or damage of whatsoever kind (whether foreseeable or not) that may arise from any person acting on any information or opinions relating to the Company, the Company platform or the Company ecosystem contained in this whitepaper, or any information that is made available in connection with any further inquiries, notwithstanding any negligence, default, or lack of care. The information contained in this whitepaper is derived from data obtained from sources believed by the Company to be reliable and is given in good faith, but no warranties, guarantees, or presentations are made by the Company with regard to the accuracy, completeness, or suitability of the information presented. Said information should not be relied upon and shall not confer rights or remedies upon you or any of your employees, creditors, holders of securities or other equity holders, or any other person. Any opinions expressed reflect the current judgment of the authors of this whitepaper and do not necessarily represent the opinion of the Company. The opinions reflected herein may change without notice, and the opinions do not necessarily correspond to the opinions of the Company. The Company does not have an obligation to amend, modify, or update this whitepaper or to otherwise notify a reader or recipient thereof in the event that any matter stated herein or any opinion, projection, forecast, or estimate set forth herein changes or subsequently becomes inaccurate. The Company, its directors, employees, contractors, and representatives do not have any responsibility or liability to any person or recipient (whether by reason of negligence, negligent misstatement, or otherwise) arising from any statement, opinion, or information expressed or implied, arising out of, contained in, or derived from or omission from this whitepaper. Neither the Company nor its advisors has independently verified any of the information, including the forecasts, prospects, and projections contained in this whitepaper. Each user is to rely solely on his or her own knowledge, investigation, judgment, and assessment of the matters that are the subject of this whitepaper and any information made available in connection with any further inquiries and to satisfy itself as to the accuracy and completeness of such matters. While every effort is made to ensure that statements of fact made in this whitepaper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion, and other subjective judgments contained in this whitepaper are based on assumptions considered to be reasonable as of the date of the document in which they are contained and must not be construed as a representation that the matters referred to therein will occur. Any plans, projections, or forecasts mentioned in this whitepaper may not be achieved due to multiple risk factors, including, without limitation, defects in technology developments, legal or regulatory exposure, market volatility, sector volatility, corporate actions, or the unavailability of complete and accurate information. The Company may provide hyperlinks to websites of entities mentioned in this whitepaper; however, the inclusion of a link does not imply that the

Company endorses, recommends, or approves any material on the linked page or accessible from it. Such linked websites are accessed entirely at the user’s own risk. The Company does not accept responsibility whatsoever for any such material or for consequences of its use. This whitepaper is not directed to or intended for distribution to or use by any person or entity who is a citizen or resident of or located in any state, country, or other jurisdiction where such distribution, publication, availability, or use would be contrary to law or regulation. This whitepaper is only available on ​oyorooms.com/smartcoin and may not be redistributed, reproduced, or passed on to any other person or published, in part or in whole, for any purpose without the prior written consent of the Company. The manner of distributing this whitepaper may be restricted by law or regulation in certain countries. Persons into whose possession this whitepaper may come are required to inform themselves about and observe such restrictions. By accessing this whitepaper, a recipient hereof agrees to be bound by the foregoing limitations. The problem Hospitality in India is predominantly about smaller inventory accommodation that is less than 50 room size properties at lesser than ₹ 1500 Market shows a huge whitespace with no brand overtaking the smaller inventory accomodation with major issues such as: Shortage of Million+ rooms. Broken experience. No Tech. Lack of hospitality professionals. Solution OYO being a full stack model, brings these spaces into the mainstream accommodation for everyone, everywhere. By building a Property Makeover App which enables speedy transformation of the hotels/homes. By building a fast 1-click hotel booking App which enables a seamless experience for customers to book their OYO on the go. By using technology to create beautiful living spaces with 8000+ partners, 5 million+ customers, 180,000 advocates, 100,000 skilled people The OYO SMART Coin network will enable a decentralized management of the OYO ecosystem 1. 2. 3. 4.

Receive, analyse and dispatch incoming hotel leads Conduct audits through auditors trained by OYO Publish tenders to registered vendors to initiate the transformation of a hotel to an OYO Execute and validate the transformation of a hotel through randomised quality checks.

Incoming lead: Prospective hotels can express interest on the dapp to be audited and listed as a hotel on the platform

OYO’s Auditors & Audit process: Anyone can sign-up to be an auditor on the platform. To be approved to conduct audits of hotels in his/her locality, the auditor would be provided with essential training and material for the audit process. Only an approved auditor can audit and evaluate the hotel. Upgrade requirements raised by the auditor would then constitute a task list for vendors to: ● Purchase items ● Carry out infrastructure upgrade and maintenance work ● Install OYO-branding on the hotel Vendors: Vendors are approved by OYO’s internal audit monitoring team to provide goods and services for hotels expressing interest in being on-boarded on OYO’s platform. Vendors can bid on the smart contract when tenders are released for hotels in their vicinity. The best suited vendor is chosen by the smart contract based on their history, pricing and quality of work. Hotel is on-boarded and operational on OYO’s sales platforms after a second audit, but will remain in probation for a period of 3 months. OYO’s algorithms decide based on customer feedback if it meets OYO’s standards of operation Payments on chain for all services including audit fees, vendors’ labour charges, platform fees are made using the OYO token. The token serves as the currency for services which is redeemable in fiat by OYO at the prevalent market rate or on the decentralized exchange which will be set up by OYO All tokens involved in the hotel’s on-boarding process are locked by a smart contract until the termination of its probation period and the hotel is deemed fit by OYO’s standards. OSC for Customers: OSC is the currency of the OYO network and may also be used to make payments within the OYO network on any interface, such as the hotel reception. OSC, which is finite in supply, is the backbone of the system designed to ensure standardisation of hotels being proposed for the OYO network. All entities party to the on-boarding processes of a hotel stake their earning from that hotel towards the validity of their services rendered to the OYO network. Bad actors are thus discouraged as such an act will cause their funds to be frozen and therefore lost forever. OSC is therefore delationary due to the increasing size of the OYO network and the limited supply of OSC (ref: ​Metcalf’s law predictions for prices of cryptocurrencies​) This also lends a unique property to OSC of rewarding early adopters and frequent users and thus promoting customer loyalty.