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Private Agreements Thailand

1What are the pros of entering into the Private Settlement Agreement?By entering into the Private Settlement Agreement, you will be excluded from participating in the scheme of arrangement process. You therefore do not need to monitor the Court proceedings in Singapore and do not need to take any action to vote or otherwise participate in the scheme of arrangement proceedings. However, even if you wish to enter into the Private Settlement Agreement, if you wish to vote in favour of the scheme of arrangement to show your support, you can indicate to the Company that you wish to do so and the Company will ensure that you are included in the scheme exercise.
2What are the cons of entering into the Private Settlement Agreement?By entering into the Private Settlement Agreement, you will not be voting in the scheme proceedings unless you specifically choose to do so and follow the instructions on how to do so; if this is done, the Zipmex Group will ensure that your votes will be counted in the scheme of arrangement.
3Do people who vote in the scheme receive any advantage over those who enter into the Private Settlement Agreement?No. The terms of the scheme will include the terms contained in the Private Settlement Agreements.
4Do I have to sign this private agreement? What will happen if I do not sign?It is not mandatory or required to sign this private agreement. If you do not sign this, you may be asked to participate in the vote for the scheme. Not signing does not affect your rights as a creditor to claim what is owed to you under your legal rights as a creditor. You will still be required to sign an agreement with Zipmex at some stage in order to access your funds regardless. Doing so now will help to faciliate with the scheme of arrangement process.
5If I enter into the Private Settlement Agreement, will I receive my assets faster?No. Access to all assets will be granted globally on the same day following the approval of the schemes of arrangement by the Singapore Court (if such approval is granted) and the closing of any investment deal.
6If the private settlement is signed but I still do not receive my funds back, what will happen? What can I do?If the private settlement is signed and it become clears that the user will not get access to Z Wallet funds, the agreement will be lapsed and the terms agreed will no longer be applicable.
7Will there be different treatment applied to differnet customers? i.e. those who sign the private agreements and those who don’t? Or high net worth vs smaller creditors?Because the terms of the Private Settlement Agreement are substantially the same of the terms of the scheme of arrangement, no Customer Creditor will have different terms of settlement, whether they enter into Private Settlement Agreement(s) or vote in the scheme.

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Zipmex Company Limited ("Company") operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex SG, our affiliated company located in Singapore. No fees or compensation is provided between the parties. Any references to Zipmex SG is a reference to Zipmex Pte. Ltd.