Disclosure and Risk Warning

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore (“MAS”) requires us, XREX Pte. Ltd., to provide this risk warning to you as a customer of a digital payment token (“DPT”) service provider.

Before you:

(a) pay your DPT service provider any money or DPT; or

(b) pay a third party any money or DPT under an arrangement by your DPT service provider,

you should be aware of the following:

1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider or any other third party referred to above, if your DPT service provider’s or the third party’s business fails.

1A. You should be aware that MAS does not supervise or regulate your DPT service provider for the provision of unregulated services.[1] This includes any service of trading digital payment token derivatives such as futures.

2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact if transferred or held by your DPT service provider.

3. You should be aware that the value of DPT’s may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

NOTICE FOR NON-SINGAPORE RESIDENTS

XREX Pte. Ltd. is licensed by the Monetary Authority of Singapore to provide e-money issuance service. Please note that this does not mean that you will be able to recover all the money you paid to XREX Pte. Ltd. if XREX Pte. Ltd.’s business fails.

XREX’S BUSINESS DAYS AND HOURS

Our business days and hours are as follow:

Mondays to Fridays (excluding public holidays): From 10:00 a.m. to 6:00 p.m.

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[1] Please refer to Section 2.3.1 of the Guide to the Payment Services Act 2019 (which can be found on the MAS website) for the types of payment services which are regulated under the Payment Services Act. Services which do note fall within the list of services in Section 2.3.1 are unregulated services.