Platform Terms & Conditions

PLATFORM TERMS AND CONDITIONS

Version: 5.0
Effective Date: 3 March 2026

TABLE OF CONTENTS

PURPOSE AND SCOPE
DEFINITIONS AND INTERPRETATION
GENERAL
KLDX ACCOUNT
SUBSCRIPTION, TRANSFER AND TRADING OF TOKENS
KLDX NOMINEE
DELISTING
RISK DISCLOSURE STATEMENT/ACKNOWLEDGMENT
TAX ADVICE
DISCLAIMER
LIMITATION OF LIABILITY
ACKNOWLEDGMENT AND WARRANTIES
FURTHER WARRANTIES AND CONFIDENTIALITY
INDEMNITY
OTHER TERMS

PURPOSE AND SCOPE
1. The following terms and conditions and the KLDX Privacy Policy (collectively, the
  “Terms”) apply to any person or entity that registers and/or opens an account with
  KLDX including through www.kldx.com or any associated mobile applications,
  website, or APIs and/or access the KLDX Platform.
2. You understand these Terms, the Tokens terms and conditions as well as the Token
  Documents (where applicable), and have the full power, authority and capacity to
  comply with such provisions.
3. The Terms constitute a legally binding agreement between us and by you accessing
  and/or using the KLDX Platform, registering for and using a KLDX Account and/or
  subscribing to the Tokens or dealing with the Tokens in any manner whatsoever
  (“Proposed Actions”). You unconditionally accept these Terms and agree to be
  bound by and act in accordance with the Terms. If you do not accept these Terms,
  you must stop carrying out the Proposed Actions.
4. You also accept and agree that you are solely responsible for understanding and
  complying with all laws, rules, regulations and requirements of the jurisdiction in
  which you live that may be applicable to your Proposed Actions. Depending on your
  country of residence, you may not be able to use all the functions of the KLDX
  Platform.
5. Please read these Terms carefully before carrying out the Proposed Actions because
  it affects your legal rights and obligations. If you do not accept these Terms, you are
  required to stop carrying out any of the Proposed Actions.
6. For the purposes of these Terms, any reference to “we” “us” “our” “KLDX” and/or any
  similar term shall be construed as reference to Kapital DX Sdn Bhd, Kapital DX
  Nominee Sdn Bhd and/or its related corporations (“KLDX”) and all associated content
  or web pages, including the materials which are displayed, information, images, links,
  sounds, graphics, video, software, applications on the KLDX Platform shall
  collectively be referred to as the “KLDX Materials”.

DEFINITIONS AND INTERPRETATION

The following terms shall have the following meanings when used in these Terms
unless the context otherwise requires:

“Applicant”	any entity who applies for admission as an Issuer and for its Token to be issued and listed on the KLDX Platform;
“Angel Investors”	refers to an individual: who is a tax resident in Malaysia; and whose total net personal assets exceed RM3 million or its equivalent in foreign currencies; or whose gross total annual income is not less than RM180,000 or its equivalent in foreign currencies in the preceding 12 months; or who, jointly with his or her spouse, has a gross total annual income exceeding RM250,000 or its equivalent in foreign currencies in the preceding 12 months;
“Business Day”	a day on which banks are open for general banking business in Malaysia (not being a Saturday, Sunday or public holiday in Malaysia).
“CMSA”	the Capital Markets and Services Act 2007, as may be amended, modified or supplemented from time to time;
“Completion Date”	for Equity Tokens, the date when the Shares is allotted and issued to KLDX Nominee, the registration of KLDX Nominee in the register of members of the Applicant as the holder of the Shares and for Investment Note Tokens, the date when the global certificate(s) in respect of the Investment Notes is deposited with KLDX Nominee;
“Designated Bank Account”	your bank account opened in your name, of which details were specified by you, at the time of the opening and may be updated from time to time;
“Digital Assets Guidelines”	the Guidelines on Digital Assets issued by the SC, effective 28 October 2020, as may from time to time, be amended, replaced or supplemented;
“Instructions”	instructions from you to us relating to any of the Proposed Actions;
“Investment Notes”	any contract, agreement, note or other document evidencing a monetary loan, executed or offered, on or through an electronic platform, where a Participant expects a financial return, but does not include – any right, option or interest in respect of such contract, agreement, note or other document; a cheque, banker’s draft or any other bill of exchange or a letter of credit; a banknote, guarantee or an insurance policy; or a statement, passbook or other document showing any balance in a current, deposit or savings account;
“Issuer”	the party which has issued Tokens being admitted and listed and not removed on the KLDX Platform;
“KLDX”	Kapital DX Sdn Bhd;
“KLDX Nominee”	Kapital DX Nominee Sdn Bhd;
“KLDX Account”	consist of KLDX Cash Account and KLDX Token Account;
“KLDX Cash Account”	the account which reflects the cash balances of the Participants;
“KLDX Materials”	has the meaning assigned to it in Clause 1.6;
“KLDX Platform”	the multi-asset and investment platform operated by KLDX on which the Tokens are listed or admitted;
“KLDX Token Account”	the digital wallet which reflects the Tokens held by the Participants;
“KLDX Requirements”	the provisions in the Listing Rules, Platform Terms and Conditions, Privacy Policy and/or any other terms, conditions, guidelines, policies, rules and requirements applicable to you that has been or will be published by KLDX (including those relating to the trading of the Tokens on the relevant platform) as may from time to time be introduced, amended, modified, supplemented or replaced;
“listed”	admitted to KLDX Platform and not removed, and “listing” will be construed accordingly;
“Listing Rules”	the rules governing the Applicants and Issuers on the KLDX Platform, as may be amended, supplemented or replaced from time to time;
“Participants”	a person for whom an account has been opened on the KLDX Platform and whose account is valid and subsisting (whether or not suspended);
“Proposed IEO”	proposed initial exhange offering through the listing and admission of Tokens by the Applicants on the KLDX Platform;
“SC”	the Securities Commission of Malaysia;
“Security Token”	digital token which is generated to represent assets or an interest in assets which may include equity, investment note, funds or any other asset as determined by KLDX;
“Sophisticated Investors”	refer to investors specified under Part I of Schedules 6 and 7 of the CMSA;
“Shares”	such number of shares in the Applicant or Issuer, as determined by the Applicant or Issuer;
“Subscription Application”	means an application submitted by a Participant to subscribe for the Tokens;
“Token”	a Security Token which has either been issued or is proposed to be issued for purposes of being listed on the KLDX Platform;
“Token Documents”	in relation to any Tokens, means (a) the White Paper, the pricing supplement, the subscription document, where applicable and includes any supplementary of the same; (b) the Constitution of the Applicant or Issuer (where applicable); and (c) the relevant agreements/documents to be executed by the Applicant or Issuer and the Participants, including the token subscription deed, deed poll and other documents relating to the offering;
“Tokenholders”	a person who is a Participant and has been issued Tokens of an Applicant/Issuer; and
“White Paper”	the document issued by the Applicant accompanying the Proposed IEO describing, among others, the detailed information of the Applicant, the Proposed IEO and the purpose of the Proposed IEO and includes a supplementary white paper (if applicable).

Unless the context requires otherwise:
1. all headings are for convenience only, and do not affect the interpretation of
  these Terms;
2. words importing the singular include the plural and vice versa, and words
  importing the masculine include any gender;
3. the meaning of general words is not limited by specific examples introduced
  by expressions such as, “including”, “for example”, “such as”, or such similar
  expressions, and the word “includes” or “including” as used in these Terms
  shall be construed to mean “includes without limitation” or, as the case may
  be, “including without limitation”;
4. a reference to a document is to that document as amended, supplemented
  or replaced;
5. a reference to a “person” includes an individual, any type of entity, a body
  corporate, a partnership, a joint venture, an unincorporated association and
  an authority;
6. reference to a particular person includes the person’s executors,
  administrators, successors, substitutes (including persons taking by
  novation) and assigns;
7. “law” includes common law, principles of equity and legislation (including
  regulations, rules, by-laws, ordinances and proclamations) and includes any
  consolidations, amendments, re-enactments or replacements of any of them;
8. a reference to “in writing” means in legible form and capable of reproduction
  on paper, and includes electronic communication;
9. a reference to “material” includes the ability to affect the outcome of a
  decision or an application;
10. a reference to anything, including an amount, right, obligation or concept
  includes the whole and each part of it;
11. a period of time starting from a given day or the day of an act or event, is to
  be calculated exclusive of that day;
12. if a person must do something on or by a given day and it is done after 5.00
  p.m. (Malaysian time), it is taken to be done on the next Business Day;
13. if the day on which a person must do something is not a Business Day, the
  person must do it on the next Business Day; and
14. notwithstanding anything to the contrary, where any of our rights are specified
  to be at our “discretion”, shall be construed to refer to our “sole, unfettered
  and absolute discretion”; any determination to be made by us or any exercise
  by us of any rights or entitlement may be made at our sole, unfettered and
  absolute discretion and, in every case, shall be conclusive and binding on
  you.

GENERAL

Additional Information and Due Diligence
1. 1. Upon request, you may need to provide us with information for the purposes of
    identity verification and the detection of money laundering, terrorist financing, fraud,
    or any other financial crime and complete certain verification procedures before you
    are permitted to access and/or use the KLDX Platform. The information we request
    may include certain personal information, including, but not limited to, your name,
    address, telephone number, e-mail address, date of birth and government
    identification documents, including those of your directors or shareholders, etc.
  2. By providing us with the information described above, you permit us to keep a record
    of the information and confirm that the information is accurate and authentic. You authorise us to make the inquiries, whether directly or through third party applications,
    that we consider necessary to verify your identity or protect you and/or us against
    fraud or other financial crime, and to take action we deem reasonably necessary.
  3. We reserve the right to, at any time to:
    1. restrict or suspend your KLDX Account when we, in our sole discretion,
      consider it necessary to carry out further identity verification and/or due
      diligence; or
    2. terminate your KLDX Account if you provide, or we suspect you have provided,
      false information or refused to provide information we require for identity
      verification and/or further due diligence.
  4. You accept and agree that there may be delays in accessing your KLDX Account, or
    in carrying out transactions through your KLDX Account when we undertake any
    identity verification and/or due diligence procedures.
Account Security
1. 1. We take security very seriously. However, you are responsible for the following:
    1. maintaining adequate security and control over your KLDX Account sign in
      details, including but not limited to passwords or other appropriate log-in
      details of your accounts (including changing your password from time to
      time), failing which you shall be liable for any disclosure of or use of such
      password, whether authorised or not;
    2. ensuring the security adequacy and sufficiency of the systems and devices
      that you use to access your KLDX Account and/or the KLDX Platform;
    3. use of appropriate and updated virus-checking, anti-virus, anti-spyware,
      anti-malware, firewall software and other security software on your
      computers and mobile devices with security patches or newer versions on
      a regular basis;
    4. to immediately notify us if you have any reason for suspecting that the
      confidentiality of your username and/or password has been compromised
      or if there has been any unauthorised use of your username and/or
      password;
    5. keeping your contact details up to date so that you can receive any notices
      or alerts we may send you in relation to security;
    6. enabling any additional security features available to you, including the
      activation of 2-factor authentication of your KLDX Account;
    7. maintaining security and control over the email mailbox, phone number and
      2- factor authentication applications or devices associated with your KLDX
      Account;
    8. carry out regular backup of critical data;
    9. consider the use of encryption technology to protect highly sensitive or
      confidential information;
    10. log off from the KLDX Platform at the end of an online session;
    11. clear the browser cache after an online session;
    12. refrain from installing any software or running or executing programs of
      unknown origin;
    13. avoid opening email attachments from unknown senders or from unknown
      email;
    14. exercise caution not to disclose any personal, financial or credit card data
      to websites that are little-known, suspect, or do not have a matching
      website domain URL service; and
    15. refrain from using public or internet cafe computers to access online
      services or perform financial transactions.
To carry out the Proposed Actions, you will be required to create an account with
us. In creating an account for you, we may issue you with a username and
password, or other appropriate log-in details for your account subject to any terms
of use that we may require. The username and password are for your personal use
only and these may not be transferred to any other person or entity. In this context,
“Username” refers to the unique login identification name or code which identifies
you, and “Password”, refers to the valid password that you may use in conjunction
with the relevant Username to access your KLDX Account and/or the KLDX
Platform.
1. 1. You are responsible for keeping your log-in details confidential so that they cannot
    be used without your permission. The Username and Password are strictly for your
    own personal use and should not be transferred to any other person. You will be
    responsible for any use of the KLDX Platform by anyone using your log-in details.
  2. Access to and use of password-protected and/or secure areas of the KLDX Platform
    are restricted to authorised users only.
  3. We reserve the right, at our sole discretion, in accordance with the provisions in these
    Terms to (a) suspend your KLDX Account and/or invalidate the Username and/or Password; (b) refuse to complete, block, cancel or reverse a transaction you have
    authorised (even if funds have been debited from your KLDX Cash Account or
    Tokens from your KLDX Token Account); and/or (c) deactivate or terminate your
    KLDX Account with immediate effect, without giving any reason or prior notice and
    shall not be liable or responsible for any loss or damage suffered by or caused by
    you or arising out of or in connection with or by reason of such actions.
  4. Further details about registration is available on www.kldx.com
  5. You must comply with any instructions we give you about how to use your KLDX
    Account and/or the KLDX Platform. You must not do anything that interferes with or
    adversely affects the normal operation of the KLDX Platform (including the ability of
    other users to access or use the website).
Instructions by Participants
1. 1. You shall ensure that any Instructions to KLDX as well as any information provided
    in relation thereto is accurate, complete, clear and free of omissions.
  2. All Instructions shall be given in English.
  3. In the event we receive an Instruction after the cut off time, we will act on the
    Instruction on the next Business Day, but shall incur no liability if, having exercised
    reasonable efforts to act on the Instructions, is unable to do so.
  4. Without prejudice to these Terms, all Instructions provided by you to us through the
    KLDX Platform shall continue in full force and effect until notice of any change is
    received by us through the KLDX Platform, and we shall be entitled to act upon and
    rely on all such Instructions.
  5. In the event we are unable to process any Instruction received from you, we shall, to
    the extent reasonably practicable, promptly inform you through the KLDX Platform as
    to the reasons for the said refusal.
  6. You acknowledge and agree that any decision of the Tokenholders made in
    accordance with the Token Documents may be conveyed to the Issuer by KLDX or
    through the KLDX Platform.
  7. In the event the Issuer fails to pay any amount that has fallen due, KLDX may, at the
    instruction of the Tokenholders in accordance with the Token Documents and any
    arrangement between KLDX and the Tokenholders:
    1. appoint third party debt collection agents to recover the unpaid amounts
      from the Issuer;
    2. appoint legal counsels to commence legal proceedings against the Issuer;
      and/or
    3. take any course of action as may be appropriate to enforce the rights of the
      Tokenholders as provided under the Token Documents.
    All cost related to the recovery of the debt may be deducted from the recovered
    sum received from the Issuer before disbursing to the Tokenholders accordingly
    or in accordance with the provisions in the Token Documents.
  8. KLDX and/or the KLDX Platform shall not be in any way deemed as the agent of the
    Tokenholders nor any agency relationship is or will be created with the Tokenholders
    and its role under Paragraph 3.17 above is purely administrative and mechanical.
    KLDX and/or the KLDX Platform shall not be liable to you or any third party, and
    hereby disclaims, for:
    1. any cost, expenses, liabilities, losses or damages resulting from or related
      to actions taken or omitted to be taken by KLDX and/or the KLDX Platform
      in connection with matters contemplated in Paragraph 3.17 except to the
      extent that such losses are the direct result of fraud on the part of KLDX
      and/or the KLDX Platform as determined by a final judgement of a court
      with jurisdiction; and
    2. any indirect, consequential, special or punitive loss, damage, cost or
      expense, unforeseeable losses or damages, loss of profit, loss of
      business, loss of reputation, depletion of goodwill or loss, damage or
      corruption of data.
  9. You shall fully indemnify KLDX, the KLDX Platform and/or its related corporations
    (“KLDX Affiliates”) from and against any and/or all claims, charges, actions,
    proceedings, losses, liabilities, damages, expenses and demands (including, but not
    limited to fees and expenses in connection with the investigation of, preparation for,
    or defence of, any inquiry, inspection or investigation or any pending or threatened
    litigation or proceedings) which KLDX, the KLDX Platform and/or KLDX Affiliates may
    incur or suffer in any jurisdiction, and which in any case are directly or indirectly
    occasioned by or result from or are attributable to anything done or omitted in relation
    to or arising from or in connection with Paragraph 3.17.
Authorisations
1. 1. You authorise us to perform the services and/or transactions in the manner described
    in these Terms and the KLDX Requirements, including the creation, transfer,
    deactivating of Tokens, conducting settlements through smart contracts and debiting
    and crediting your KLDX Account.
Records of Transactions
1. 1. Any records which we maintain on communications, Instructions, transactions or
    operations made or performed, processed or effected on the KLDX Account and/or
    KLDX Platform with you or any person purporting to be you, acting on your behalf or
    purportedly acting on your behalf, with or without your consent, shall be conclusive
    evidence of such communications, transactions, Instructions or operations and
    binding on you.
Electronic Communications and Internet Access
1. 1. You accept and agree that:
    1. any communications, agreements, notices and/or any other documents
      (together “Communications”) relating to your KLDX Account and/or the
      KLDX Platform will be provided to you electronically by posting them on the
      KLDX Platform, emailing them to the email address you have provided to
      us, or through any other form of electronic communication. You consent to
      receiving all Communications electronically and based on the above
      medium;
    2. you will at all times have available to you the necessary hardware and
      software to receive, access and retain Communications sent to you
      electronically, including a device with an internet connection and a valid and
      accessible email address; and
    3. you assume full responsibility for providing us with a valid and accessible
      email address to which any Communications may be sent, and for ensuring
      that email address and any other contact information is kept up to date. Any
      Communication sent to the email address you have provided to us will be
      deemed to have been received by you. You can amend your contact
      information by signing-in to your KLDX Account and accessing the Settings
      page.
  2. You may at any time withdraw your consent to receiving Communications
    electronically by contacting us at support@kldx.com. You acknowledge that failure to
    give, or withdrawing, consent to receiving Communications electronically puts the
    security of your KLDX Account at risk and that we reserve the right to close your
    KLDX Account in the event you fail to give, or withdraw, your consent to the receipt
    of Communications electronically.
  3. We are hereby authorised to reproduce, use, disclose, host, publish, transmit and
    distribute without limitation, all contents or any part of transmissions or
    communications you make or submit through the KLDX Platform or any part thereof
    and you hereby grant to us and our partners, agents and/or representatives, a nonexclusive, world-wide, royalty-free, irrevocable licence and right to do the same.
Error or Fraudulent Transactions
1. 1. All transactions are final and binding on you, except where provided for in Paragraph
    3.26 to Paragraph 3.28. You shall honour all transactions executed, unless and until
    the transaction is cancelled or reversed in accordance with this Paragraph 3.26 to
    Paragraph 3.28.
  2. We may, at our discretion, identify and review any transactions executed or to be
    executed for you to determine whether such transactions are error transactions or
    fraudulent transactions (including any application or transactions relating to the
    subscription of Tokens).
  3. If we determine that the transaction is an error transaction or fraudulent transaction
    (for example, due to a technical and/or system failure), we may, at our discretion,
    cancel and/or reverse the error transaction.
  4. You agree that any decision made by us on whether a transaction is an error
    transaction or fraudulent transaction or not as well as the actions taken relating to the
    same is conclusive and binding on you and you shall not challenge or dispute the
    validity of such decision, and we shall not be obliged to give any reasons for our
    decision.
Compliance with Applicable Laws, Guidelines
1. 1. You agree to comply with these Terms, the KLDX Requirements as well as all
    applicable laws, guidelines, notices, rules and policies relating to the Proposed
    Actions together with such amendments to the aforementioned, including those which
    we may issue from time to time.
  2. You agree that we may, at our absolute discretion, deny you access to your KLDX
    Account, the KLDX Platform and/or KLDX Materials for any reason, including without
    limitation, if we believe that you have violated or acted inconsistently with any terms
    or conditions in these Terms or the KLDX Requirements, or if in our opinion or the
    opinion of any regulatory authority, that it is not suitable to continue providing the
    services relating to the KLDX Account and/or the KLDX Platform.
Prohibited Activities
1. 1. You will not undertake any activity that will result in us being in breach or noncompliance with applicable laws or otherwise be detrimental to the interests, integrity
    and reputation of KLDX.
  2. You will not undertake any activity that would result in the KLDX Platform, your KLDX
    Account and/or the Tokens be used for or to facilitate any illegal, unethical, fraudulent,
    or unauthorised activities.
  3. You will not engage in any of the following prohibited conduct:
    1. transmitting or uploading any material or software that contains, or which
      you have reason to suspect contains, computer viruses, trojan horses,
      worms or other harmful, malicious, destructive or corrupting code, agent,
      program or macros;
    2. disseminating any information or material through the KLDX Platform, which
      is misleading, incomplete, erroneous, offensive, indecent, defamatory or
      which may not be lawfully disseminated under applicable laws or which are
      otherwise objectionable;
    3. carrying out any fraudulent activity which may defraud KLDX or any of the
      Participants;
    4. providing any false, inaccurate, or misleading information to us;
    5. carrying out any transactions or otherwise using the KLDX Account and/or
      KLDX Platform to facilitate or enable illegal activity, promote or facilitate
      hate, violence or racial intolerance or which may be considered obscene,
      etc;
    6. use your KLDX Account and KLDX Platform other than in accordance with
      the acceptable use policies of any connected computer networks,
      applicable internet standards and any other relevant laws;
    7. impersonate any person or entity or to falsely state or otherwise
      misrepresent your affiliation with any person or entity;
    8. using the account information of any other party to access the KLDX
      Account and/or KLDX Platform;
    9. transferring your account access or rights to any third party, unless by
      operation of law or with our express permission; and
    10. to view, listen to, download, print or use the KLDX Materials, documents or
      information on the KLDX Platform for any other purpose other than as
      allowed under applicable laws.
Fees and Expense
1. There are fees and/or charges imposed by us for the services provided by us in
  relation to the Proposed Actions and/or the KLDX Platform. All applicable fees are as
  set out on the KLDX’s website.
2. Investment Limits
  Your investment in a Proposed IEO is subject to the following limits:
  1. for Sophisticated Investors: No restriction on investment amount;
  2. for Angel Investors: a maximum of RM500,000.00 within a 12-month period;
    and
  3. for retail investors: a maximum of RM2,000.00 per Applicant or Issuer with
    a total investment limit not exceeding RM20,000 within a 12-month period.

KLDX ACCOUNT

General
1. 1. Your KLDX Account consist of the KLDX Cash Account and the KLDX Token
    Account.
  2. Your KLDX Cash Account is your account which reflects your cash balances.
  3. Your KLDX Token Account is your digital wallet which reflects your Tokens holdings.
  4. There is no interest payable in your KLDX Account. However, KLDX may, at its sole
    discretion determine otherwise and you shall be updated or notified accordingly.
  5. You acknowledge, agree, and undertake that you may only use the monies in your
    KLDX Cash Account and Tokens in your KLDX Token Account for the sole purpose
    of making payment for the subscription or transfer or trading of Tokens (including
    payment for any ancillary fees imposed by KLDX) and shall not be used for any other
    purpose and will not create or allow any encumbrance or security interest to be
    created over your KLDX Cash Account and/or KLDX Token Account.
  6. You acknowledge that you are solvent and have sufficient funds in your KLDX Cash
    Account or Tokens in your KLDX Token Account for the purpose of participating in
    any transactions through the KLDX Platform (including for Subscription Application
    or to pay any fees imposed by us) and acknowledge that insufficient balance may
    result in you not being able to proceed with an order/request/action.
  7. The terms governing your use of the KLDX Account are as expressly set out in these
    Terms, and subject to any applicable laws, limitations and conditions set forth thereon
    and the KLDX Requirements.
  8. You shall bear all bank charges, fees and any other costs that may arise in relation
    to the transactions related to your KLDX Cash Account and KLDX Token Account.
KLDX Cash Account
1. 1. The terms governing your use of the KLDX Cash Account are as expressly set out in
    these Terms, and subject to any applicable laws, limitations and conditions set forth
    thereon and the KLDX Requirements.
Transfer of Funds in your KLDX Cash Account
1. 1. If you wish to transfer funds to your KLDX Cash Account, you shall first deposit the
    relevant funds/subscription amount into your KLDX Cash Account from your
    Designated Banking Account and include such reference details as required by us
    from time to time on the bank transfer request. Where other payment currency is
    accepted by KLDX, the amount transferred shall be calculated based on the
    applicable exchange rate as determined by KLDX and/or the relevant bank.
  2. The KLDX Cash Account shall be a customer segregated account maintained with a
    bank licensed under the Financial Services Act 2013 or the Islamic Financial Services
    Act 2013, or such other custodian that we are permitted to maintain a custody account
    with, in respect of the same (or as otherwise required by applicable law).
  3. Upon KLDX’s receipt of the request to transfer funds into your KLDX Cash Account,
    KLDX will determine whether to accept or reject the said transfer into the KLDX Cash
    Account. Such determination may be made in our absolute discretion and shall
    ordinarily take place within two (2) Business Days, although we reserve the right to
    take longer period as necessary to determine the source of funds and other account
    information or for any other reason before determining whether to accept or reject the
    monies being credited into your KLDX Cash Account.
  4. You are solely responsible for ensuring that the funds transferred to your KLDX Cash
    Account is without errors and that the information provided in the bank transfer
    request is accurate.
  5. All monies to be transferred to or from your KLDX Cash Account must be to or from
    a Designated Bank Account.
  6. We reserve the right to reject any monies to be transferred to or from your KLDX
    Cash Account, if any funds transfer request is received from or requested to be
    transferred to or from a non-Designated Bank Account or for any other reason as
    KLDX determines in accordance with its internal policies and procedures.
  7. We are not a bank. The value stored in the KLDX Cash Account is not a deposit, is
    not insured and is not the subject of any banker’s guarantee.
  8. We shall carry out all administrative matters relating to your KLDX Cash Account
    (such as processing refunds of monies in your KLDX Cash Account), as
    contemplated under these Terms
  9. Except as otherwise provided by us, every request for withdrawal of monies from your
    KLDX Cash Account shall be carried out by submitting to us a withdrawal request
    through the KLDX Platform, indicating the desired amount to withdraw from your
    KLDX Cash Account (“Withdrawal Request”).
  10. You confirm that you have deemed personal knowledge of every Withdrawal Request
    placed through your KLDX Cash Account. Such knowledge shall include the amount
    being withdrawn and any other information which may be entered or otherwise
    transmitted through the KLDX Platform
  11. Upon receipt of the Withdrawal Request, we will consider the same and decide
    whether to accept or reject the said Withdrawal Request. At this stage, the withdrawal
    amount to be withdrawn from your KLDX Cash Account will be earmarked until
    released by KLDX.
    1. where we accept a Withdrawal Request, we shall:
      1. within two (2) Business Days of receipt of the Withdrawal Request,
        through the KLDX Platform notify you of the acceptance of the Withdrawal
        Request; and
      2. upon confirmation of the withdrawal, we shall:
        
        notify you of such confirmation through the KLDX Platform
        (“Confirmation Notification”) and we will update your KLDX
        Cash Account Balance and
        
        unless you notify us otherwise, within two (2) Business Days
        from the Confirmation Notification, you shall be deemed to have
        accepted the amount transferred as correct and agree to
        discharge us from any liability whatsoever.
    2. where we reject the Withdrawal Request, we shall, within two (2) Business
      Days of receiving the Withdrawal Request, notify you, through the KLDX
      Platform of our rejection of the Withdrawal Request, and provide reasons for
      its rejection.
  12. You are responsible for ensuring the accuracy of the information provided in a
    Withdrawal Request.
  13. We may reject any Withdrawal Request or take longer than the period stipulated in
    Paragraph 4.20 to process a Withdrawal Request pursuant to a rejected Withdrawal
    Request.
  14. Our determination of the KLDX Cash Account Balance as determined from the
    records of KLDX shall, save for manifest error, be deemed to be conclusive and
    binding on you.
  15. KLDX shall be entitled to reject a Withdrawal Request if KLDX determines that the
    relevant withdrawer has breached any of KLDX Requirements.
KLDX Token Account

General
1. 1. Your KLDX Token Account shall be used to store Tokens only and you are not
    allowed to store any other tokens or blockchain-based tokens (including
    cryptocurrency tokens, security tokens or other tokens).
KLDX as Custodian of Tokens
1. 1. You authorise us to act as custodian in accordance with these Terms.
  2. The appointment, and any authorisation in connection with such appointment, shall
    be effective from the issuance of your KLDX Token Account until the termination of
    your KLDX Token Account by us and/or you (save that in the event there are balance
    Tokens in your KLDX Token Account after the Termination Date, until the date on
    which the total Tokens balance becomes zero).
  3. We operate the KLDX Token Account and will issue a KLDX Token Account in your
    name.
  4. On our books and records, the portion of the KLDX Token Account which holds your
    Tokens shall be opened, maintained, and earmarked as a custody account held on
    trust for you.
  5. The Tokens stored in your KLDX Token Account, are held by us on your behalf of
    and for your account.
  6. Your Tokens are segregated from the Tokens of other persons.
  7. You authorise us to, and shall carry out the following:
    1. hold Tokens in the KLDX Token Account on behalf of and on your
      account;
    2. accept Tokens in the KLDX Token Account from Applicant or Issuers
      pursuant to your Subscription Applications and other parties;
    3. earmark the relevant quantity of Tokens in connection with a transfer
      order/instructions;
    4. transfer, exchange, deliver or handle the Tokens (in full or in part) in your
      KLDX Token Account as follows:
      1. where there is sale of the Tokens and payment has been
        credited into the relevant KLDX Cash Account, in accordance
        with the instructions;
      2. in the case of an exchange, surrender and conversion into
        other securities or cash pursuant to a plan of merger,
        consolidation, reorganisation, recapitalisation, or readjustment
        as approved by the Participants or where approval is not
        required as permitted under the Token Documents;
      3. upon conversion of the Tokens pursuant to the applicable
        Token terms and conditions and/or Token Documents into
        other securities;
      4. upon the exercise of subscription, purchase or other similar
        rights represented by the Tokens;
      5. as otherwise required or permitted pursuant to these terms and
        the other KLDX Requirements or any applicable laws or
        regulations; or
      6. as otherwise may be directed pursuant to the Instructions, take
        the following actions in relation to the Tokens:
        
        promptly send to you all relevant notices and other
        communications in relation to the Tokens as may be
        received by us and inform you of any rights or rights
        entitlements in connection with, attached to or
        otherwise arising from the Tokens;
        
        seek your Instructions; and
        
        where applicable, facilitate the payment (from the
        relevant KLDX Cash Accounts) of dividends,
        interest/profit payments and other entitlements.
Issuance/Use of the KLDX Token Account
1. 1. Once you have been successfully registered with us, you will be issued a specific
    KLDX Token Account. All Tokens will be allotted directly to your KLDX Token
    Account.
  2. You must ensure that your KLDX Token Account is used in accordance with these
    Terms. You must submit a request or Instruction through the KLDX Platform or
    otherwise as stipulated in the KLDX Requirements) in order to carry out transactions
    involving your KLDX Token Account (including the transfer or trading of the Tokens).
  3. You must implement all necessary measures to ensure that your KLDX Token
    Account is secured. This may include installing the required password(s) or other
    credentials necessary to access the same. In the event that any password(s) or other
    access credentials are lost, you may lose the Tokens or access to the Tokens.
  4. You acknowledge that your KLDX Token Account and all Tokens stored and
    whatsoever transactions which are carried out in your KLDX Token Account, whether
    or not these are authorised by you is your sole responsibility.
  5. You acknowledge that any action performed from your KLDX Token Account shall be
    treated by KLDX as your action, regardless of whether it has been authorised by you
    or not, and you agree to honour and be bound by all activities and transactions
    (including orders/requests) undertaken/taking place under your KLDX Token
    Account.
  6. You acknowledge that your KLDX Token Account (and any ownership, receipt or
    possession thereof) do not carry within them any rights, use, purpose, value,
    attributes, functionalities or features, and do not represent or confer any right to
    receive future revenue shares, intellectual property rights or any other form of
    participation in or relating to us and/or our related corporations other than those
    provided for in these Terms.
  7. Unless allowed otherwise by KLDX, you acknowledge that you shall only subscribe,
    trade or deal with the Tokens for your own account and may not do so for and on
    behalf of any other person.
  8. Unless otherwise specified in the KLDX Requirements, you may only use your KLDX
    Token Account for the following purposes and in the manner provided below:
    1. your KLDX Token Account is to be used exclusively to receive or send
      Tokens through the KLDX Platform or, for purpose of trading of the
      Tokens; and/or
    2. we reserve the right to impose any limits with respect to your KLDX Token
      Account. These limits may include the number of Tokens that may be held
      in your KLDX Token Account, any limits on the orders and/or requests
      that may be made through your KLDX Token Account and on transactions
      carried out using your KLDX Token Account.
Termination of KLDX Token Account
1. 1. Where a request is made by you to terminate your KLDX Token Account, we may
    carry out such request if there are no Tokens in your KLDX Token Account.
  2. We may, at our discretion, suspend/terminate your KLDX Token Account in the
    following circumstances.
    1. where we determine that you have contravened these Terms or other KLDX
      Requirements or any applicable laws or regulations;
    2. in the event of your death, bankruptcy, winding up or insolvency (as the case
      may be);
    3. where we are required or deem it necessary to comply with applicable laws and
      regulations; and/or
    4. where we are no longer licensed, approved, registered (or otherwise exempt
      from licensing, approval and/or registration requirements) to carry out our
      business/operate the KLDX Platform.
  3. We shall notify you of the effective date of suspension (“Suspension Date”), or the
    date of termination (“Termination Date”) through the KLDX Platform or such other
    means as we may determine. The termination shall take effect with immediate effect
    or such time as we may determine.
  4. In the event of a termination by us, you undertake, acknowledge, and accept the
    following:
    1. you shall, prior to the Termination Date, on a best effort basis, take the
      necessary steps to divest your Tokens, subject to any applicable laws and
      regulations as well as the KLDX Requirements;
    2. subject to Paragraph 4.44 (c) below, you will not, on and from the
      Termination Date, be able to access and/or use your KLDX Token Account
      and/or deal with your Tokens;
    3. in the event that there are balance Tokens in your KLDX Token Account
      after the Termination Date, the following shall apply:
      1. you are permitted to transfer your Tokens solely for the purpose of
        divesting the balance Tokens;
      2. you grant us the right to transfer your Tokens for and on your behalf
        in order to divest the balance Tokens, and you agree and
        acknowledge that we are entitled to transfer or divest such balance
        Tokens on such terms and to such party as we think fit and that we
        shall not be liable for any loss upon the same; and/or
      3. you shall be required to continue to pay to us the relevant fee for the
        period from the Termination Date and up to the date on which the
        total Tokens balance becomes zero, without pro-rating for any partial
        month.
  5. On the Termination Date, you shall remain liable to us and/ or any other person
    (including the Issuer or Participants) for any liabilities incurred during the period you
    held your KLDX Token Account.
  6. In the event of a suspension by us, you undertake, acknowledge, and accept that on
    and from the date of suspension:
    1. you must act in accordance with our directive in relation to any of your
      outstanding obligations and any applicable Tokens in your KLDX Token
      Account;
    2. all pending (including transfers, trading, or withdrawals) and Subscription
      Applications will be cancelled; and
    3. you will not be able to access and/or use your KLDX Token Account and the
      Tokens.
Replacement of KLDX Token Account/Tokens
1. We may replace your KLDX Token Account in the event that your password or private
  key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.
2. We may, at our discretion, but are under no obligation to, issue any replacement
  Tokens in the event that any Tokens, password, or private key is lost, stolen,
  malfunctioning, destroyed or otherwise inaccessible.
3. In the event we decide to replace a Token, we shall first validate your identity and if
  it is deemed satisfactory by us, will deactivate the Tokens concerned and then
  proceed to issue replacement Tokens to your KLDX Token Account.
SUBSCRIPTION AND TRANSFER OF TOKENS

General
1. 1. The Tokens are issued by the respective Applicants or Issuers and may only be
    stored in KLDX Token Account and used solely on the KLDX Platform in accordance
    with these Terms. Save for the trading of the Tokens in accordance with the KLDX
    Requirements, the Tokens are not permitted to be stored, listed or traded outside of
    the KLDX Platform, and are not intended to be, and shall not be understood, deemed,
    interpreted or construed to be or be representative of any kind of currency (including
    digital currency), legal tender, money or deposit.
  2. The only rights granted in respect of the Tokens are as expressly set out in these
    Terms, the respective White Paper, the Token Documents and subject to any
    applicable laws, limitations and conditions set forth in these Terms and the KLDX
    Requirements.
  3. The provisions in this Paragraph 5 sets out the procedure for the issuance of the
    Tokens by an Applicant or Issuer and also your subscription of the Tokens, where
    applicable. These Terms must be read together with the respective White Paper, the
    Token Documents and subject to any applicable laws, limitations and conditions set forth herein and the KLDX Requirements. In the event there are any conflicts between
    the respective agreements/documents as mentioned above with these Terms, the
    provisions of these Terms shall prevail.
Terms and Procedures for the Subscription of the Tokens
1. 1. An Applicant or Issuer who intends to issue and list Tokens is subject and must
    comply with the Listing Rules, in addition to the KLDX Requirements.
  2. Unless the Applicant or Issuer specifies otherwise in the White Paper, the
    Constitution of the Issuer (where applicable), the Token Documents, the process for
    the issuance of the Tokens will be carried out on the KLDX Platform as set out below.
  3. Upon the Applicant or Issuer obtaining the approval from us:
    1. the White Paper will be published on the KLDX Platform together with any
      other documents/agreements relating to the offering;
    2. if you intend to subscribe for the Tokens, you shall, within the offering period
      or such other period as may be specified by KLDX, submit a Subscription
      Application to KLDX through the KLDX Platform. The Subscription
      Application is received by KLDX on behalf of the Applicant or Issuer; and
    3. the Subscription Application must state, amongst others, the quantity of
      Tokens you intend to subscribe.
    4. Upon expiry of the Cooling-Off Period, the Subscription Application will be
      deemed to be irrevocable and unconditional, and you may not cancel or
      amend the Subscription Application thereafter.
    5. Payment for the Subscription Application will be done through existing
      funds in the KLDX Cash Account or a top up through the available channels.
      All monies must be available in your respective KLDX Cash Account prior
      to submission of the Subscription Application otherwise the Subscription
      Application will be deemed null, and void and you shall fully indemnify
      KLDX for all cost, expenses, claims, charges, losses, liabilities, and
      damages due to such failure to pay or insufficient funds in your KLDX Cash
      Account.
  4. You confirm that you have personal knowledge of the details of every Subscription
    Application placed through your KLDX Cash Account including the subscription price,
    quantity of Tokens intended to be subscribed, and any other information which may
    be entered or otherwise provided through the KLDX Platform. You must ensure
    accuracy and completeness of all information provided in the Subscription
    Application.
  5. Your Subscription Application shall be deemed to be an offer by you subject to the
    provisions in the Token Documents.
  6. The Applicant or Issuer shall at its own discretion accept your offer in whole or in part,
    and any such acceptance shall constitute a binding agreement between you and the
    Applicant or Issuer for the subscription of the Tokens. For the avoidance of doubt,
    the subscription of the Tokens is between you and the Applicant or Issuer only and
    the applicable Token Documents shall constitute an agreement entered into directly
    and only between you and the relevant Applicant or Issuer. The Applicant or Issuer
    shall be the sole entity liable to you (if any).
  7. In the case of the Proposed IEO, once the offering period has ended, a Cooling-Off
    Period will commence (subject to meeting the minimum subscription amount). The
    Proposed IEO is deemed successful if the minimum subscription amount is still met
    at the end of the Cooling-Off Period. Upon closing of the offering period or in the case
    of the Proposed IEO, expiry of the Cooling-Off Period, the following shall apply:
    
    If the Applicant or Issuer accepts the Subscription Application: within three (3)
    Business Days after the expiry of the Cooling-Off Period:
    1. 1. the Tokens will be credited to your KLDX Token Account and recorded on the
        blockchain, and the earmarked subscription monies will be debited from your
        KLDX Cash Account and the Tokens shall be deemed to be issued to you;
        and
      2. KLDX clearing account will be credited with your payment from your KLDX
        Cash Account pending to be released to the Applicant or Issuer’s Designated
        Bank Account.
    If the Issuer rejects the Subscription Application: your KLDX Token Account
    will not be credited with any Tokens and your earmarked subscription monies shall
    be released to your KLDX Cash Account within three (3) Business Day of the
    closing of the offering period or in the case of the Proposed IEO, from expiry of the
    Cooling-Off Period
  8. You are to refer to the Token Documents for the terms and conditions relating to
    the Tokens.
  9. You acknowledge and warrant that in subscribing, holding or by otherwise using
    any Tokens, you have not relied on any term, condition, warranty, undertaking,
    inducement or representation made by or on behalf of the Applicant or Issuer
    which has not been stated expressly in the relevant Token Documents or upon
    any descriptions or illustrations or specifications contained in any document
    including any material produced by either KLDX, the Applicant or Issuer.
  10. Save as set out in these Terms and in the Token Documents, the Tokens and any
    purchase, ownership, receipt or possession thereof carry no other rights, use,
    purpose, value, attributes, functionalities or features, and do not provide a share
    in, stake or any other equivalent rights, or any right to receive future revenue,
    shares, intellectual property rights or any other form of participation in or relating
    to KLDX and/or its related corporations and/or the Applicant or Issuer.
  11. The relevant terms and conditions imposed by the Applicant or Issuer in the Token
    Documents are subject to the provisions, limitations and conditions under
    applicable laws and the KLDX Requirements.
  12. Tokens are not permitted to be withdrawn from your KLDX Token Account, save
    as permitted under these Terms.
  13. The validity and expiry of the Tokens shall be as set out in the applicable Token
    Documents and subject to any applicable laws and regulations and the KLDX
    Requirements.
  14. We shall not be liable for any losses suffered or incurred by you and/or any third
    party arising out of or in connection with any act, inaction, omission, fraud,
    negligence or insolvency of any Issuer, including any breach or failure by the
    Applicant, Issuer or any party to comply with the applicable Tokens terms and
    conditions or the Token Documents.
  15. We are not responsible for ensuring and/or do not warrant that the Applicants or
    Issuers shall comply or have complied with the Listing Rules, KLDX Requirements,
    the applicable Tokens terms and conditions and/or the Token Documents.
  16. KLDX does not make any representation, either express or implied, warranty or
    endorsement and shall not be liable in any way for any of the following matters:
    1. the quality, reliability, safety, legality, quantity or merits of investing in the
      Tokens, the description of the Applicant or Issuer, Tokens and the assets
      represented by the Tokens (as the case may be); and
    2. the accuracy, authenticity or validity of any document or instrument given,
      issued, delivered, submitted or lodged by any Applicant or Issuer at any time.
Tradability, Transferability and Transmission of the Tokens
1. You acknowledge that the tradability of the Tokens shall remain subject to the
  terms and conditions of the relevant trading platform which will be selected to
  administer the trading of the Tokens (“Trading Platform”).
2. You acknowledge that subject to the relevant terms and conditions to be issued
  by KLDX and the Token Documents, apart from the trading of the Tokens on the
  Trading Platform, the Tokens may be transferred or transmitted in the following
  manner:
  1. transferred to the family members of the Tokenholders, namely the spouse,
    parent or child (including adopted child) who must be Participants on the
    KLDX Platform; or
  2. transmitted to a person by operation of law who must be a Participant on the
    KLDX Platform and in case of the death of a Tokenholder, the only persons
    recognised as having any title to the interest of the deceased is the legal
    personal representatives of the Tokenholder.
NOMINEE

Appointment of KLDX Nominee
1. 1. You agree to the appointment of KLDX Nominee as your nominee with respect to
    the underlying products (including Shares and the Investment Notes), subject to
    provision in these Terms.
  2. You acknowledge and agree that:
    1. With regard to the Shares:
      1. the Shares shall be registered and held by KLDX Nominee as your nominee and “bare trustee”;
      2. KLDX Nominee has no beneficial interest in the Shares except in its
        capacity as your nominee;
      3. the beneficial interest to the Shares shall be held by you;
      4. the relationship between KLDX Nominee and you shall be that of
        principal and nominee only and there is no intention to create a
        relationship of partnership or agency;
      5. for KLDX Nominee to generally, act on and give effect to your
        Instructions and to carry out and/or perform any or all actions
        whatsoever which you may have the power to do, carry out or perform
        in relation to the Shares (save for those set out in the Token
        Documents to be carried out and/or performed directly by the
        Tokenholders) including without limitation executing all necessary
        documents and/or forms issued by or required by applicable laws and
        regulations; and
      6. for KLDX Nominee to declare you as the beneficial owner of the
        Shares where such declaration of ownership is required including for
        registration/filing with the Companies Commission of Malaysia or
        other authorities; and
    2. With regard to the Investment Notes:
      1. the global certificate(s) in respect of the Investment Notes shall be held
        by KLDX Nominee as “bare trustee”;
      2. KLDX Nominee has no beneficial interest in the Investment Notes or
        the global certificate(s) except in its capacity as “bare trustee”;
      3. the beneficial interest to the global certificate(s) and the Investment
        Notes represented thereby are held by you.
  3. You acknowledge that KLDX Nominee has like duties to the other Participants on
    whose behalf KLDX Nominee holds the Shares and the global certificate(s) in
    respect of the Investment Notes and in determining whether its actions are in the
    best interests of the Participants, KLDX Nominee shall be entitled to regard an
    action as in the best interests of the Participants if it regards it as being in the best
    interests of the Participants and such other Participants as a group.
  4. You acknowledge that where the underlying asset are shares and Investment
    Notes, the Tokens represent an interest in the Shares and the Investment Notes
    and you, being holder of the Tokens, will be entitled to the rights, privileges and
    subject to the obligations under the Tokens as set out in the Token Documents.
Liability and Indemnity
1. 1. KLDX Nominee shall not be liable to you or any third party, and hereby disclaims,
    for:
    1. any losses or damages resulting from or related to actions taken or omitted
      to be taken by KLDX Nominee in connection with matters contemplated in
      this Paragraph 6 except to the extent that such losses are the direct result of
      fraud on the part of KLDX Nominee as determined by a final judgement of a
      court with jurisdiction; and
    2. any indirect, consequential, special or punitive loss, damage, cost or
      expense, unforeseeable losses or damages, loss of profit, loss of business,
      loss of reputation, depletion of goodwill or loss, damage or corruption of data.
  2. Without prejudice to Paragraph 6.5 above, in no event shall KLDX Nominee be
    liable to you or any third party for more than the total amount invested by you in
    the Tokens that are affected.
  3. You shall fully indemnify KLDX Nominee and/or its related corporations from and
    against any and/or all claims, charges, actions, proceedings, losses, liabilities,
    damages, expenses and demands (including, but not limited to fees and expenses
    in connection with the investigation of, preparation for, or defence of, any inquiry,
    inspection or investigation or any pending or threatened litigation or proceedings)
    which KLDX Nominee and/or its related corporations may incur or suffer in any
    jurisdiction including but not limited to those losses incurred as a result of any
    proceedings or actions brought against them by any regulators and/or authorities,
    and which in any case are directly or indirectly occasioned by or result from or are
    attributable to anything done or omitted in relation to or arising from or in
    connection with this Paragraph 6, this appointment and/or resignation or
    termination in relation thereto.
Term, Termination and Replacement of KLDX Nominee
1. 1. The appointment of KLDX Nominee shall be effective on the Completion Date and
    shall continue unless terminated by KLDX Nominee as and when (a) the Tokens
    are delisted from the KLDX Platform; or (b) if KLDX Nominee becomes insolvent,
    or files a voluntary petition in winding up, or has filed for an involuntary petition in
    winding up.
Release of Shares
1. Upon the termination of KLDX Nominee, the following shall apply, as determined
  by KLDX Nominee:
  1. If a new nominee is appointed, KLDX Nominee may, as soon as reasonably
    practicable, transfer legal ownership of your Shares to the new nominee; or
  2. KLDX Nominee may, as soon as reasonably practicable, transfer legal
    ownership of some or all of your Shares to you or, where relevant, your estate
    or nominee.
2. In the event that KLDX exercises its right under Paragraph 6.9, all applicable stamp
  duty required to effect the transfer of the ownership shall be borne solely by the
  recipient of the Shares.
3. You agree and acknowledge that, in the event that KLDX exercises its right under
  Paragraph 6.9 (b) above, you will become the legal, in addition to beneficial, owner
  of such Shares and KLDX Nominee’s obligations as nominee under this Paragraph
  6 shall terminate.
4. In furtherance to the transfer of the Shares pursuant to Paragraph 6.9 above, you
  undertake to cooperate, execute and complete, all such other documents, acts and
  things (if any) as KLDX Nominee may reasonably require of you (together with the
  Issuer) to perfect your right and interest and to the extent applicable, title, in the
  Shares (“Undertaking”). You shall further be responsible for all the reasonable
  costs and expenses that may be incurred by KLDX Nominee to enforce the
  performance by you and the Issuer of the abovesaid Undertaking should you or the
  Issuer fail, refuse, neglect or omit to perform the said Undertaking.
DELISTING
1. An Issuer intending to carry out or who is subject to any of the following must do
  so in accordance with the Listing Rules:
  1. carry out a voluntary delisting from the KLDX Platform; or
  2. is delisted (i.e. an involuntary delisting) from the KLDX Platform
2. For any proposal involving the voluntary delisting of the Tokens:
  1. KLDX must approve the announcement by the Issuer for the intended
    Token delisting;
  2. the approval of the Tokenholders representing seventy-five percent (75%)
    of the total amount of Tokens held by all Tokenholders present and voting
    has been obtained;
  3. it must involve a scenario where the Tokenholders are offered a token
    buy-back or other reasonable alternative; and
  4. it must comply with any additional conditions imposed by KLDX.
3. Where applicable, the Issuer shall be responsible to ensure that it has sufficient
  funds in its KLDX Cash Account to fund the token buy back and has met all other
  applicable requirements. Upon confirmation of the same in writing to KLDX, the
  Issuer shall announce to the Participants the token delisting date through the
  KLDX Platform.
4. On the token delisting date, the following steps will be taken by KLDX,
  instantaneously and simultaneously:
  1. KLDX will deactivate the applicable number of Tokens on the blockchain;
  2. your KLDX Token Account containing the number of Tokens to be delisted
    will be debited with the relevant number of Tokens so that the total Token
    balance becomes zero with respect to those Tokens.
  3. where applicable, your KLDX Cash Account will be credited with the
    equivalent amount of funds (in accordance with the token buy back); and
  4. where applicable, the Issuer’s KLDX Cash Account will be debited with the
    amount required to fund the token buy back and the Issuer’s KLDX Token
    Account will be updated to reflect the same.
5. The provisions in Paragraph 7.1 to 7.5 shall not apply to redemption of Investment
  Note Tokens.
LIEN AND RIGHTS OF SET-OFF
1. You grant us a general lien over the cash in your KLDX Cash Account and Tokens
  in your KLDX Token Account in respect of all sums due and payable to us or our
  related corporations by you (whether actual, contingent, present or future) under
  these Terms or other KLDX Requirements. This lien operates in addition to any
  lien, rights of set-off and any other rights to which we may be entitled under any
  applicable law.
2. Notwithstanding any other provision of these Terms or other KLDX Requirements,
  and without prejudice to any rights which we may have otherwise than under the Terms, or the KLDX Requirements, we shall not be required to act on Instructions
  (including the delivery of any Tokens to any person) and may withhold redelivery
  to you of any or all Tokens unless all the amounts due and owing to us have been
  fully settled.
3. We are entitled to appropriate, sell, transfer or assign or otherwise realise the
  value of all or any part of the Tokens in such manner and at such price as we may
  deem necessary and shall not be responsible for any losses you may suffer as a
  result and to apply the net proceeds thereof in or towards payment or discharge
  of any of your obligations described in this Paragraph 8. This right is granted
  without prejudice to any other right or remedy which we or our related corporations
  may or otherwise have under these Terms or other KLDX Requirements or under
  any applicable law or regulation.
4. We shall have the right at any time, upon notice to you through the KLDX Platform,
  to set off any payment obligation owed to us or our related corporations by you
  under these Terms or other KLDX Requirements against any payment obligation
  (whether actual, contingent, present or future) owed by us to you regardless of the
  place of payment or currency of either obligation (and for such purpose may make
  any currency conversion necessary at current market rates as determined by us
  at our sole discretion) whether or not relating to or arising under these Terms, or
  the KLDX Requirements.
RISK DISCLOSURE STATEMENT/ACKNOWLEDGMENT
1. You should carefully consider whether investments in the Tokens and/or through
  the KLDX Platform is appropriate for you in light of your experience, objectives,
  financial resources and other relevant circumstances.
2. Prior to investing in the Tokens and/or through the KLDX Platform, you should
  consult your own legal, regulatory, tax, financial and/or accounting advisors or
  such other professional advisors to the extent you consider it necessary and
  appropriate and make your own investment decisions (including decisions
  regarding the suitability of the investment) based upon your own judgment and
  advice from those advisors you consider necessary.
  
  Any loss resulting from you investing in the Tokens is not covered by the Capital Market Compensation Fund.
3. Below is a list of risks that you should consider before making any investment in
  the Tokens and/or through the KLDX Platform. However, the list is not intended to
  be fully inclusive of all relevant risks that may occur. This risk statement is not and
  are not intended to be a complete list of all the risks and considerations relevant
  to any investments in the Tokens and/or through the KLDX Platform.
4. For risks relating to the specific Token offerings, please refer to the section on “Risk Factors” in the respective White Paper.
  General Risk
  1. 1. KLDX Platform being a new platform: The Tokens will be issued on the
      KLDX Platform. Although the KLDX Platform is registered with the
      Securities Commission Malaysia, it is a relatively new alternative platform/
      market that is designed primarily for the initial listing of Tokens. As KLDX
      Platform is a relatively new platform/market, there is no track record on the
      KLDX Platform and there is also no equivalent platform in Malaysia with a
      long-term operation which KLDX Platform can be benchmarked against.
    2. risks arising from no governance rights: The Tokens do not confer, to
      the Investors, any governance rights of any kind with respect to the KLDX
      Platform. Accordingly, decisions involving the KLDX Platform will be made
      by Kapital DX Sdn Bhd.
      
      The Tokens may or may not confer, to the Investors, any governance rights
      with respect to the Issuers. Accordingly, where the Tokens do not confer
      governance rights, then the decisions involving the Issuer will be made by
      the Issuer. These decisions could adversely affect the value, utility, liquidity
      and other aspects of the Tokens.
    3. risk associated with investment: Some Tokens may be more complex
      instruments and may not be suitable for all Investors. In addition, the
      investment activities of certain Investors, in their respective countries, may
      be subject to legal investment laws and regulations, or review or regulation
      by certain authorities
      
      You must determine the suitability of this investment in light of your own
      circumstances. Furthermore, you should:
      1. have sufficient knowledge and experience to make a meaningful
        evaluation of the investment, the merits and the risks of investing in
        the Tokens and the information contained or incorporated by
        reference in the White Paper;
      2. have access to, and knowledge of, appropriate analytical tools to
        evaluate, in the context of its particular financial situation, an
        investment in the Tokens and the impact the Tokens will have on its
        overall investment portfolio; and
      3. have sufficient financial resources and liquidity to bear all the risks
        of an investment in the Tokens.
    4. risk associated with the blockchain
      1. the Tokens are based on the blockchain, which is a public, Ethereumbased blockchain. Any malfunction, flaw, or breakdown of this
        blockchain may have a material adverse effect on the Tokens.
        
        Furthermore, developments in cryptographic technologies and
        techniques or changes in consensus protocol or algorithms could
        present risks to the Tokens, including by rendering ineffective the
        cryptographic consensus mechanism that underpins the blockchain.
      2. risk of Ethereum mining attacks: The blockchain is susceptible to
        mining attacks, including double-spend attacks, majority mining
        power attacks, “selfish-mining” attacks, and race condition attacks.
        Any successful attacks present a risk to the Tokens, including proper
        execution and sequencing of transactions involving the Tokens.
      3. risk of theft: The blockchain may be exposed to attacks by hackers or
        other individuals that could result in theft or loss of the Tokens.
    5. risk associated with technology and internet: There are inherent defects
      in electronic distribution and data transmission over the internet which may
      result in delays, omissions, transmission blackouts, interruptions, breaches
      of security, corruption, unavailability of access in connection with or
      inaccuracies in the KLDX Platform or any associated mobile applications,
      website, or APIs, KLDX Materials, the Tokens, KLDX Account, KLDX Cash
      Account and/or KLDX Wallet Account. In addition, it is also subject to the
      risk of malicious software and other computer viruses with destructive
      features such as computer worms, Trojan horses or spyware.
    6. risk associated with system, server or connection failure and
      maintenance: The periodic maintenance, whether scheduled or otherwise,
      any system, server or connection failure, error, omission, interruption,
      deletion of files or email, interception or delay in transmission or computer
      virus or other malicious, destructive or corrupting code, agent, program or
      macros may cause access to the KLDX Platform to be halted or interrupted.
    7. risk associated with token storage mechanisms: The monies in your
      KLDX Cash Account and the Tokens in your KLDX Wallet Account may
      only be accessed with a password. You are responsible for implementing
      all reasonable and appropriate measures for securing your password.
    8. risk of hacking and security weaknesses: The Tokens may be targeted
      by hackers or malicious groups or organisations who may attempt to
      interfere with the Tokens or steal monies in the KLDX Account or the
      Tokens in various ways, including malware attacks, distributed denial of
      service, consensus-based attacks, sybil attacks, phishing, smurfing and
      hacking.
    9. risk of loss on investments – There is a risk that you may sustain a
      complete loss of your investment in the Tokens.
    10. lack of liquidity – There may be lack of liquidity or demand for the Tokens
      on the secondary market.
    11. risk of price fluctuations: The value of the Tokens, as with any other
      asset can increase or decrease and there is a risk of you losing money
      through buying, selling or holding these Tokens, due to factors outside the
      control of Kapital DX Sdn Bhd.
    12. risks associated with taxation: The tax treatment and accounting of the
      Tokens is uncertain and may vary amongst jurisdictions.
      
      You are advised to seek independent advice in connection with
      investment of the Tokens.
  Risk relating to Equities Instruments
  1. 1. 1. There will be all risk associated with equities instruments. If such
        investments are on equity products and this includes situations where you
        may not receive a dividend, your tokenholdings could be significantly diluted
        if new Tokens are issued and your interest may be subordinated to the rights
        of the creditors, other shareholders or other parties that may have interest
        in the relevant company.
      2. Transfers of interest in the equity products will be effected through the
        records maintained by the KLDX Platform and in accordance with the
        procedures and rules of the KLDX Platform and other applicable laws and
        regulations. The KLDX Platform will credit the Tokenholders’ beneficial
        interests in the equity products to the account of such Tokenholders in
        accordance with the procedures and rules of the KLDX Platform. There is
        no guarantee that the transfers will be made in time or successfully if there
        are technical issues arising from KLDX Platform or non-compliances by the
        transferor and transferee with the procedures and rules of the KLDX
        Platform and other applicable laws and regulations.
  Risks relating to Debt Instruments
  1. 1. 1. The Notes will be represented by Global Certificate(s) and Token(s) and
        holders of a beneficial interest in the Global Certificate(s) and the Digital
        Token(s) must rely on the procedures of the KLDX Platform.
        
        Transfers of interest in the Investment Notes will be effected through the
        records maintained by the KLDX Platform and in accordance with the
        procedures and rules of the KLDX Platform and other applicable laws and
        regulations. The KLDX Platform will credit the respective nominal value of
        the Tokenholders’ beneficial interests in the Investment Notes to the account
        of such Tokenholders in accordance with the procedures and rules of the
        KLDX Platform. There is no guarantee that the transfers will be made in time
        or successfully if there are technical issues arising from KLDX Platform or
        non-compliances by the transferor and transferee with the procedures and
        rules of the KLDX Platform, the restrictions of the Investment Notes and
        other applicable laws and regulations.
      2. The payment obligation under the Notes is that of the Issuer and the Issuer
        alone and where security is provided the value of the security in the event of default. There is no guarantee that the Issuer will be able to pay
        coupons/interest and redeem the Notes at maturity and the ability of the
        Issuer to pay coupons/interest and redeem the Notes at maturity is
        dependent on the financial performance of the Issuer which may be affected
        by economic, political and/or other factors.
  Risk relating to Fund Investment
  1. 1. An investment in a fund is susceptible to general decline in financial markets,
      due to economic, political and/or other factors, which will result in a decline
      in the fund’s net asset value. There is no guarantee that the funds will make
      any returns and the performance of the funds is solely reliant on the
      investments made by the funds which may be affected by economic, political
      and/or other factors.
TAX ADVICE
1. You will seek your own independent advice on the application of taxes in relation
  to any transactions on the KLDX Platform, including (i) sales and services tax,
  stamp duty, and similar taxes; (ii) withholding, collecting, reporting and remitting
  the correct taxes to the appropriate tax authorities; and
2. We shall not be responsible for and are under no obligation to provide you with
  any tax advice in relation to any transactions on the KLDX Platform and shall not
  under any obligation or responsibility to provide any services, assistance or
  supports in relation to withholding, collecting, reporting or remitting any taxes
  arising from any transactions on the KLDX Platform.
DISCLAIMER
1. The KLDX Account, KLDX Platform and KLDX Materials are made available on an
  “as is” and “as available” basis, and at your sole risk.
2. We assume no responsibility and makes no representation or warranty of any kind,
  implied, express or statutory, including any warranties: (i) of title, non-infringement
  of third party rights, merchantability, satisfactory quality or fitness for a particular
  purpose of the KLDX Account, KLDX Platform, KLDX Materials and/or Tokens (ii)
  on the accuracy, timeliness, adequacy, reliability or completeness of the KLDX
  Account, KLDX Platform, KLDX Materials and/or Tokens; (iii) that the purchase
  and/or use of the Tokens will be uninterrupted, secure or free from errors or
  omissions, or that any identified defect will be corrected; (iv) that the KLDX
  Account, KLDX Platform, KLDX Materials and/or Tokens will meet the
  requirements of any persons or are free from any computer virus or other
  malicious, destructive or corrupting code, agent, program or macros; (v) on the
  security of any information transmitted by or to Participants through the KLDX
  Account, KLDX Platform, KLDX Materials and/or Tokens or in relation to the KLDX
  Account, KLDX Platform, KLDX Materials and/or Tokens or that there would be no
  delay, interruption or interception in data transmission.
3. You accept the risk that any information transmitted or received through the KLDX
  Platform, KLDX Account may be accessed by unauthorised third parties, and that
  transactions over the internet may be subject to interruption, transmission
  blackout, delayed transmission due to internet traffic or incorrect data transmission
  due to the public nature of the Internet. Regardless of any security measures taken
  by us, we shall assume no responsibility whatsoever for any loss or expense
  resulting from such delays, interruptions and/or interceptions.
4. Under no circumstances does any material, information, view, opinion, projection,
  or estimate provided through the KLDX Account, KLDX Platform and/or KLDX
  Materials or by any of the employees, agents, advisers, representatives of KLDX
  and/or its related corporations, constitute advice, whether investment, financial,
  tax, legal or other professional advice. The aforesaid is provided on a general
  basis and is not to be relied on by you as advice. Accordingly, no warranty
  whatsoever is given by KLDX and/or its related corporations and no liability
  whatsoever is accepted by KLDX for any loss arising whether directly or indirectly
  as a result of you acting on any materials, information, view, opinion, projection,
  or estimate provided in the KLDX Platform and/or the KLDX Materials.
5. We provide no warranty that we have considered the specific investment
  objectives, financial situation and particular needs of any specific person. You are
  solely responsible for any investment decision relating to the products offered on
  the KLDX Platform and your decision must take into account your own risk
  tolerance and financial circumstances. You should seek your own independent
  financial, legal, regulatory, tax or other advice before making an investment in the
  investments or products. If you decide not to seek advice from a relevant adviser,
  you should carefully consider whether the investment or product is suitable for you,
  based on your financial circumstances, background, experience, knowledge, and
  other resources.
6. We operate the KLDX Platform from Malaysia and do not make any representation
  that the services, materials, or information provided on or through the KLDX
  Account and KLDX Platform meet the regulatory requirements of any other
  jurisdiction.
  
  If you use and/or access any of these services from any other location, you
  are responsible for compliance with applicable local laws.
LIMITATION OF LIABILITY
1. In no event shall KLDX and its related corporations/affiliates and/or its respective
  directors, shareholders, employees, partners, representatives and/or agents
  (collectively, “KLDX Affiliates”) be liable to you or any other person for any direct,
  indirect, incidental, special, exemplary, consequential or punitive damages or
  economic loss or any claims for loss of profits, loss of revenue, loss of business,
  loss of opportunity, loss of data, or loss of use, or any other type of loss, liabilities,
  damages, costs or expenses (including any) whatsoever or howsoever caused
  (regardless of the form of action) arising directly or indirectly from or in connection with the KLDX Account, KLDX Platform, the blockchain and/or KLDX Materials
  including and without limitation any damages or loss caused by any of the
  following:
  1. use of, inability to use, misuse or any access of the KLDX Account, KLDX
    Platform, Tokens and the blockchain or your reliance on the same
    including, without limitation, any damages caused by or resulting from any
    reliance upon any information received from us;
  2. any system, server or connection failure, error, omission, interruption,
    deletion of files or email, interception or delay in transmission or computer
    virus or other malicious, destructive or corrupting code, agent, program or
    macros;
  3. any use of and/or access to any third-party websites linked to or provided
    through the KLDX Platform;
  4. any services, products, information, data, software, or other material
    obtained or downloaded from the KLDX Platform and/or KLDX Materials or
    from any third-party websites linked to or provided through the KLDX
    Platform;
  5. any other damages or loss caused by any other failure of performance
    whether or not resulting from a force majeure event, theft, destruction or
    unauthorised access to our records, programmes, or services;
  6. any breach of or delay or failure to comply with these Terms by any KLDX,
    KLDX Affiliates, or any of the Participants, Applicants or Issuers, any action
    taken by, or any inaction of, any of KLDX, KLDX Affiliates, or any of the
    Participants, Applicants, or Issuers in connection with these Terms or any
    applicable law;
  7. any claim made by you on the basis of these Terms;
  8. any negligent act or omission or wilful default, misconduct or fraud or
    unlawful act of any Participant, Applicant or Issuer and any negligent act
    or omission of any Indemnitee;
  9. any breach of any warranty or representation made by any person in any
    of these Terms;
  10. any suspension, interruption, or closure of the KLDX Platform and/or KLDX
    Account,
  11. the exercise or non-exercise by KLDX and/or any of its representatives and
    any KLDX Agent of any decision-making power or discretion;
  12. any determination, decision or ruling of KLDX and any of its representatives
    and/or committees established, or persons appointed by KLDX;
  13. any failure, error, omission, or negligence of KLDX and/or any of its
    representatives (including the malfunction of KLDX Platform, the
    blockchain, KLDX Account and/or Tokens);
  14. any Participant or Issuer’s use, misuse, or inability to use the KLDX
    Platform, KLDX Account and /or Tokens;
  15. any technical, system, server or connection failure, error, omission,
    interruption, delay in transmission, computer virus or other malicious,
    destructive, or corrupting code, agent program or macros;
  16. any Participant or Issuer’s failure to implement reasonable measures to
    secure its KLDX Account, or the relevant access credentials or any loss of
    or unauthorised use of any access credentials;
  17. any technical and/or system failure of a KLDX Account, KLDX Platform, the
    blockchain or any other system set up or utilised by KLDX;
  18. any claim by any third party against KLDX and any of the KLDX Agents
    arising from the circumstances specified in any of the sub-clauses above;
  19. Any claim by any third party against you arising from the circumstances
    specified in any of the sub-clauses above; and
  20. any and all economic loss, loss of profits, fall in the price of Tokens,
    equitable compensation, loss of business, or any other direct, indirect, or
    consequential losses whatsoever and howsoever caused (including
    whether or not resulting from any negligence on the part of any Indemnitee)
    which arise out of or in connection with these Terms.
ACKNOWLEDGMENT AND WARRANTIES
1. You agree and acknowledge that:
  1. you have carefully reviewed and understood the provisions of these Terms and
    (in the case of a Participant) the applicable Token Documents and terms in
    relation to the Tokens, and have the full power, authority and capacity to comply
    with such provisions;
  2. you have sufficient understanding of technical and business matters (including
    those that relate to the KLDX Platform), cryptographic tokens, token storage
    mechanisms (such as token wallets), and blockchain technology to understand
    these Terms, the KLDX Requirements and to appreciate the risks associated
    with and implications of dealing with and/or performing any actions in connection with the KLDX Cash Account, KLDX Platform, KLDX Token
    Account , KLDX Materials and/or Tokens;
  3. you are solely responsible for maintaining sufficient and immediately available
    monies in your KLDX Cash Account or Tokens in your KLDX Token Account
    for the purpose of any Proposed Actions including paying any fees due to KLDX
    and/or carrying on any permitted activities on the KLDX Platform, and
    acknowledges that insufficient balance may result in you not being able to
    proceed with an order/request/action;
  4. nothing contained herein or in the KLDX Requirements should be construed as
    granting, by implication, estoppel or otherwise, any licence or right for the KLDX
    Cash Account, KLDX Platform, KLDX Token Account, KLDX Materials and/or
    Tokens to be used for illegal, unlawful, fraudulent, unethical, or unauthorised
    purposes or to promote or facilitate any illegal, unlawful, fraudulent, unethical
    or unauthorised activities;
  5. you shall not engage in and/or use or otherwise deal with the KLDX Cash
    Account, KLDX Platform, KLDX Token Account, KLDX Materials and/or
    Tokens, whether directly or indirectly, in a way that will result in KLDX or KLDX
    Platform being in breach or non-compliance with applicable laws or otherwise
    be detrimental to the interests, integrity and reputation of KLDX or KLDX
    Platform;
  6. in relation to the services provided by KLDX in connection with the KLDX
    Platform:
    1. authorisations: you authorise KLDX to perform the services in the
      manner described in these Terms and the KLDX Requirements,
      including minting of tokens, conducting settlements via smart contracts
      and debiting and crediting the relevant KLDX Cash Accounts and KLDX
      Token Accounts;
    2. conclusiveness: you agree and acknowledge that any records created
      and maintained by KLDX of the communications, transactions,
      instructions or operations made or performed, processed or effected
      through the KLDX Cash Account, KLDX Platform, KLDX Token Account
      or in relation to KLDX Cash Account, KLDX Platform, KLDX Token
      Account and/or Tokens by you or any person purporting to be you,
      acting on your behalf or purportedly acting on your behalf, with or
      without your consent, shall be binding on you for all purposes
      whatsoever and shall be conclusive evidence of such communications,
      transactions, instructions or operations.
    3. No duty to enquire: You agree and acknowledge that KLDX shall not be
      under any duty to enquire into, investigate or ascertain whether any
      instruction, request or transaction is authentic, legal, valid or
      enforceable (as the case may be), whether any transaction or the
      underlying contract connected with such transaction is void or voidable, or whether any transaction is permitted under the applicable Token
      Documents. We shall be entitled to assume that all instruction, request
      or transaction are authentic, legal, valid and enforceable (as the case
      may be), that all transactions and the underlying contracts connected
      with such transactions are not void or voidable, and that all transactions
      are permitted under the relevant Token Documents and we shall be
      under no duty to reject, reverse, adjust or modify any instruction,
      request or transaction by reason that it was not legal, valid or
      enforceable, that any transaction or the underlying contract connected
      with such transaction is void or voidable, or that any transaction is not
      permissible under the relevant Token Documents.
      
      Notwithstanding the foregoing, where we seek verification, confirmation
      or clarification of any instruction, request or transaction received, we
      shall not be liable to you for any losses whatsoever in relation to any
      delay resulting from us seeking verification, confirmation, or clarification
      or from any refusal to act where we do not receive, in our sole discretion
      satisfactory confirmation or clarification of such instruction, request or
      transaction; and
    4. actual or purported use or access, instructions or communications:
      Without prejudice to the generality of the relevant provisions in these
      Terms, you agree and acknowledge that any use or purported use of or
      access to or purported access to the KLDX Cash Account, KLDX
      Platform, KLDX Token Account, KLDX Materials and/or Tokens and
      any information, data, instructions or communications, whether or not
      authorised by you, shall be binding upon you and deemed to be: (i) use
      of or access to the KLDX Cash Account, KLDX Platform, KLDX Token
      Account, KLDX Materials and/or Tokens by you; referable to the
      relevant Username and Password and/or (ii) information, data,
      instructions or communications transmitted and validly issued by you.
      KLDX shall be entitled (but not obliged) to act upon, rely on and/or hold
      you solely responsible and liable in respect thereof as if the same were
      carried out, transmitted, or validly issued by you;
  7. in relation to electronic communications through third-party messaging services
    or platforms:
    1. electronic communications using third-party messaging services or
      platforms may not be secure, virus-free or successfully delivered to their
      intended recipient. If you communicate with us using third-party
      messaging services or platforms, you shall assume all risks that such
      communications between you and us may be intercepted, not received,
      delayed, corrupted, or received by persons other than the intended
      recipient;
    2. that all communications using third-party messaging services or
      platforms are subject to the terms of service, privacy policy and other terms (“Third-party Messaging Terms”) relating to the relevant thirdparty messaging service or platform.
      
      your user information and messages may be retained by the relevant
      third-party messaging service or platform or disclosed by the relevant
      third-party messaging service or platform to other parties (including an
      affiliate company within the third-party messaging service or platform’s
      group, a government authority or law enforcement agency) in
      accordance with the Third-party Messaging Terms. Such information
      may be subject to foreign laws and regulations different from your home
      location;
    3. we shall not be liable for any of the following:
      1. the content, data, security, operation, use, accuracy, or
        completeness of any third-party messaging communication. In
        particular, you acknowledge and agree to be aware that the
        content, data, and information shared by us or by a
        Participant/Issuer using third-party messaging services or
        platforms may not be encrypted or secure;
      2. the ownership or right of use of any licensor of any software
        provided using any third-party messaging service or platform;
      3. any failure or problem that affects the products or services of
        any third-party service or platform, for example any
        telecommunication service provider, mobile network operator,
        internet service provider, electricity supplier, local or other
        authority; and
      4. any loss or damage you may suffer because someone gained
        access to your device or third-party messaging service or
        platform account illegally or without permission;
      5. we shall not be liable for any losses, damages, claims,
        demands, awards, penalties, expenses, proceedings, or actions
        you may suffer or incur as a result of your use of third-party
        messaging services or platforms;
      6. you shall read and understand all Third-party Messaging Terms
        when you register for and utilises such third-party messaging
        service or platform. You shall indemnify us for any loss that we
        may suffer if you breach any of the Third-party Messaging
        Terms. We do not give any undertaking in relation to or
        guarantee the quality of any third-party messaging service or
        platform or that it is suitable for its purpose; and
      7. we may record and retain any and all data, content, and other
        information you and your authorised representatives
        communicate with us using third-party messaging services or platforms (“Records”). You shall not at any time require us to
        destroy any Records.
        
        You acknowledge and agree that communications through thirdparty messaging services or platforms may be monitored in
        accordance with applicable law and regulation; and
  8. we owe no fiduciary or other obligations to you in relation to your investment
    decisions to hold, subscribe, transfer, buy or sell any Tokens, and in particular
    we are not making any recommendations to you or advising you on the
    suitability of any transactions that you may enter into to relating to the Tokens,
    nor providing any advice to you in relation to an Applicant, Issuer, any Tokens
    or otherwise.
  9. you shall make your own assessment based on your own judgment,
    investigation, due diligence, and advice from such advisers as you deemed
    necessary, and have satisfied yourself concerning the relevant tax, legal,
    accounting, currency and other economic consideration relevant to an
    investment in the Tokens.
    
    You understand that an investment in the Tokens involves a considerable
    degree of risk and that the Tokens are a speculative investment, and you have
    the ability to bear the economic risk of your investment in the Tokens, have
    adequate means of providing for your current and contingent needs, have no
    need for liquidity with respect your investment in the Tokens, and are able to
    sustain a complete loss of his or her investment in the Tokens.
FURTHER WARRANTIES AND CONFIDENTIALITY
1. You warrant the following:
  1. the subscription, sale or purchase of the Tokens are made with funds which
    does not constitute the proceeds of illegal activity or realisable property, or the
    proceeds of terrorism financing or property of terrorists;
  2. not to use the KLDX Account, KLDX Platform and/or Tokens either directly or
    indirectly to finance, engage in, or otherwise support any unlawful activities;
  3. subscription, purchase or sale, ownership, transfer or possession of the Tokens
    complies with and/or is not in contravention of any law, relating to legal
    capacity to enter into any contract and any thresholds set out in the laws and
    regulations in your jurisdiction; any applicable foreign exchange or regulatory
    and any governmental or other regulatory approvals that may need to be
    secured; and
  4. you are not a citizen or resident, or a company or other legal entity which is
    established in any country or geographic area, in which the subscription
    purchase or sale, ownership, transfer, receipt or possession of the Tokens (including the receipt of any rights and benefits) is not allowed or prohibited by
    laws or regulations.
2. You undertake to us as follows:
  1. in the case of a Participant, you shall use the Confidential Information only for
    the purposes of assessing and considering a potential investment in any
    Applicant or Issuer; and in the case of an Applicant or Issuer, such Applicant
    or Issuer shall use the Confidential Information only for the purposes of
    complying with any applicable rules, laws and regulations (including any laws
    and regulations relating to anti-money laundering, countering the financing of
    terrorism, and tax reporting obligations, codes of practice or guidelines or to
    assist in law enforcement and investigations by relevant law enforcement
    agencies, regulatory authorities and other governmental agencies (including
    tax authorities) or such other purpose(s) as may be explicitly approved in
    writing by us (each of these, an “Authorised Purpose”);
  2. you shall keep the Confidential Information strictly in confidence, and
    undertakes to take all reasonable precautions to protect such Confidential
    Information from any use, reproduction, disclosure, adaptation or exploitation
    whatsoever, whether commercial or otherwise, by any third party; and
  3. you shall not disclose the Confidential Information to your representatives
    except on a need-to-know basis, and that such representatives shall use the
    Confidential Information only for the relevant Authorised Purpose.
3. The obligations of non-disclosure and the limitation on the right to use Confidential
  Information set out in above shall not apply to you to the extent that it can
  demonstrate that such Confidential Information:
  1. was lawfully in your possession or control prior to the time of disclosure;
  2. was at the time of disclosure or thereafter becomes public knowledge
    through no fault or omission of yours (as the case may be);
  3. was lawfully obtained by you (as the case may be) from a third party under
    no obligation of confidentiality to the owner or discloser of such
    Confidential Information;
  4. was developed by you (as the case may be) independently of the
    Confidential Information;
  5. is required to be disclosed by any applicable laws or regulations, or court
    or governmental order, provided that you (as the case may be) gives us
    and/or the relevant Applicant or Issuer prompt notice of any such
    requirement and cooperate with us and/or the relevant Applicant or Issuer
    in limiting such disclosure; or
  6. was disclosed by you with our prior written approval of and/or that of the
    relevant Applicant or Issuer.
4. The Confidential Information shall remain the property of the person disclosing such
  Confidential Information. These Terms shall not be deemed to directly or implicitly
  grant you or your respective representatives any intellectual property rights in any
  of the Confidential Information nor shall they be deemed to affect any transfer or
  assignment of, or grant of any licence or right to, any patent, copyright or other
  industrial or intellectual property right (including any products or processes deriving
  therefrom) belonging to the person disclosing the Confidential Information.
FURTHER WARRANTIES AND CONFIDENTIALITY
1. You agree to indemnify us, our related corporations/affiliates and/or our respective
  directors, shareholders, employees, partners, representatives and/or agents
  against any action, liability, cost, claim, loss, damage, proceeding or expense,
  including solicitor and client costs and expenses (legal or otherwise), any fines, fees
  or penalties imposed by any regulatory authority by reason of or in connection with
  us having made available to you the KLDX Cash Account, access to the KLDX
  Platform, KLDX Token Account and/or the KLDX Materials or having entered into
  these Terms with you or enforcement of our rights under these Terms or in acting
  upon any Instructions which you may give in relation to the and/or the KLDX
  Materials or any negligence, fraud and/or misconduct on your part or your breach
  of these Terms
OTHER TERMS

Amendments to the Terms
1. 1. KLDX may from time-to-time revise, add to, amend or update these Terms, as we
    deem appropriate.
  2. KLDX ’s rights to vary, amend or rescind these Terms may be exercised without the
    consent of any other person or entity and will take effect on a date specified by
    KLDX.
  3. Such changes will be published on the KLDX website and shall be effective and
    binding on you upon publication or as we may otherwise specify.
  4. Please visit the KLDX website regularly to check when the Terms were last updated
    (as displayed at the top of this document) and to review the current Terms. You
    agree that any notification of amendments in the above manner shall constitute
    adequate notice to you.
Additional Terms
1. 1. In addition to these Terms, the access and/or use of specific aspects of your KLDX
    Account, KLDX Platform and/or the KLDX Materials may be subject to additional
    terms and conditions which will apply in full force and effect.
Upgrades
1. 1. We may, from time-to-time upgrade or modify; suspend or discontinue the provision
    of; or remove the KLDX Materials (whether in whole or in part without any prior
    notice). We may also from time-to-time upgrade or modify the features and
    functionalities of your KLDX Account and KLDX Platform. Where these changes
    affect the use of your KLDX Account and the KLDX Platform, we will notify you of
    the changes on the KLDX Platform.
  2. In the event we carry out any of the aforesaid actions as set out in Paragraph 16.6
    above, we shall not be liable if any such upgrade, modification, suspension or
    discontinuation prevents you from accessing the same.
Intellectual Property Rights
1. 1. All rights including copyrights, trademarks, patents as well as any other intellectual
    property rights in the products, services, content, information and data contained
    in or provided on/through the KLDX Platform, your KLDX Account and/or the KLDX
    Materials including all texts, graphics and logos are reserved to or retained by us
    and/or our licensor.
  2. You agree that you will not do anything that will violate or infringe such intellectual
    property rights and, in particular, you agree not to copy, download, publish,
    distribute, transmit, disseminate, sell, broadcast, circulate, exploit (whether for
    commercial benefit or otherwise) or reproduce, redistribute, hyperlink any of the
    information or content contained in or provided on/through the KLDX Platform,
    your KLDX Account and/or the KLDX Materials, in any form without our prior
    written consent or that of our licensor(s).
  3. You are not allowed to create or provide links to the KLDX Platform, your KLDX
    Account and/or the KLDX Material, without our prior written consent.
  4. Unless otherwise provided to expressly in these Terms, you acknowledge that you
    are not granted any licence, interest or right by virtue of your use of or access to
    the KLDX Platform, your KLDX Account and/or the KLDX Materials.
Privacy
1. 1. We will, in the course of our relationship with you, manage any personal data that
    we collect through the KLDX Platform and/or your KLDX Account or that we
    otherwise obtain in connection with the above in accordance with our Privacy
    Policy set out at www.kldx.com which shall form part of these Terms. By entering
    into these Terms and Conditions, you expressly agree to us processing your
    personal data in accordance with the said Privacy Policy.
Accuracy of Information
1. 1. While we will endeavour to ensure that all information and content, which may
    include opinions, projections and estimates provided by us on the KLDX Platform
    and KLDX Materials is accurate and up to date, we may change or update the
    information provided without notice.
  2. It is your responsibility to make your own assessment of the relevance, accuracy,
    adequacy, commercial value, completeness and reliability of any information and
    content on the KLDX Platform and /or KLDX Materials and where appropriate,
    obtain independent advice. Accordingly, we:
    1. makes no representation or warranty on the validity, accuracy or
      completeness of the information or materials provided in the KLDX Platform
      and/or the KLDX Materials;
    2. disclaims all liability for any errors or omissions in the KLDX Platform and/or
      the KLDX Materials;
    3. does not warrant that the KLDX Platform and KLDX Materials will meet the
      requirements of any persons;
    4. does not warrant that the KLDX Platform and KLDX Materials are free from
      any computer virus or other malicious, destructive or corrupting code, agent,
      program or macros; and
    5. does not warrant that any identified defect will be corrected
  3. We may provide links to third party materials or websites. You acknowledge that
    we do not endorse, nor represent to have reviewed or are responsible for the
    relevance, timeliness, accuracy, commercial value, completeness and reliability of
    such information, privacy policies, practices, content or services contained in such
    third-party materials which is accessible from or linked to the KLDX Platform.
  4. If you access and use any systems, services, content, materials, products or
    programmes of any third-party systems, services, content, materials, products or
    programmes contained in or provided on or through the KLDX Platform and/or the
    KLDX Materials, you acknowledge that you must comply with the relevant terms
    and conditions for the access or the use thereof. You further acknowledge that:
    1. we are not a party to any transaction, if any, between you and such third
      party;
    2. we do not endorse, sponsor, certify, or is not involved in the provision of such
      systems, services, content, materials, products or programmes contained in
      or provided on or through the KLDX Platform and/or the KLDX Materials; and
    3. we shall not be liable in any way for your access to and use of systems,
      services, content, materials, products or programmes of any third party, or
      for purchases or subscription made in relation thereto, each of which shall
      be your responsibility or that of the relevant third party.
Governing Law
1. 1. These Terms shall be governed by and construed in accordance with the laws of
    Malaysia.
Complaints
1. 1. Any complaints relating to any misconduct by any party relating to participation on
    the KLDX Platform or a breach of any of these Terms, KLDX Requirements may
    be submitted to support@kldx.com.
  2. All complaints received by us shall be reviewed and investigated through KLDX
    complaints process and such action as we deem appropriate will be taken based
    on its findings on the matter.
Dispute Resolution
1. 1. Any dispute arising out of or in connection with these Terms, including any
    question regarding its existence, validity or termination, or relating to participation
    on the KLDX Platform, shall be referred to and finally resolved by arbitration
    administered by the Asian International Arbitration Centre (“AIAC”), in accordance
    with the Arbitration Rules of AIAC, for the time being in force, which rules are
    deemed to be incorporated by reference in this Paragraph 16.20. The seat of the
    arbitration shall be Kuala Lumpur, Malaysia. The Tribunal shall consist of one (1)
    arbitrator, to be agreed by the parties, failing which shall be appointed by the
    Director of AIAC. The language of the arbitration shall be English.
Delegation of Performance
1. 1. We may delegate or sub-contract the performance of any of our functions in
    connection with your KLDX Account, KLDX Platform and/or the blockchain.
  2. We may assign our rights under these Terms to any third party. You shall not
    assign any of your rights or obligations under these Terms without our prior written
    approval.
Successors Bound
1. 1. These Terms shall be binding on you and us and our respective heirs, personal
    representatives, successors in title or permitted assigns and will continue to bind
    you notwithstanding any change in our name or constitution or our merger,
    consolidation or amalgamation with or into any other entity (in which case these
    Terms will bind you to our successor entity).
Invalidity
1. 1. If any provision of these Terms or part thereof becomes invalid, illegal, void, or
    unenforceable in respect of any law to which it is subject, the validity, legality and
    enforceability of the remaining provisions shall not in any way be affected or
    impaired.
Failure to Exercise Rights not a Waiver
1. 1. No failure or delay on our part to exercise or enforce any rights conferred upon it
    under these Terms shall be deemed to be a waiver of any such rights or operate
    so as to bar the exercise or enforcement of these Terms at any subsequent time
    or times or prejudice our rights against you in any respect or render us responsible
    for any loss arising therefrom.
  2. Waiver of any right arising from a breach or non-performance of these Terms or
    arising upon default under these Terms shall be in writing and signed by us. We
    may grant time or other indulgence to you or any other person, without impairing
    or affecting in any way, our rights as against you or any other person.
Language
1. If these Terms are translated into a language other than English, the English text
  shall prevail.

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Platform Terms & Conditions

PLATFORM TERMS AND CONDITIONS

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DEFINITIONS AND INTERPRETATION

GENERAL

KLDX ACCOUNT

SUBSCRIPTION AND TRANSFER OF TOKENS

NOMINEE

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LIEN AND RIGHTS OF SET-OFF

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DISCLAIMER

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ACKNOWLEDGMENT AND WARRANTIES

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