Phunware Inc (PHUN)

[Phunware]

Some comments on your questions.

1) We would not be able to confirm or comment on any discussions with Macys until public announcements were made first.

2) You are on target with the use case for white label loyalty programs leveraging our new blockchain-enabled data exchange and mobile loyalty ecosystem. We offer Blockchain as a Service for corporations as an option for their loyalty programs should they want to use ours or supplement theirs for their consumers.

3) Our history with Dave Siemer and affiliates dates back to the early days of crypto and blockchain. Innovative new products keep being brought out by companies such as Wave Financial and others. We always explore new options for equity, debt and tokens and expect to continue maintaining an open mind for new approaches as the underlying markets continue to develop.