1. We hereby agree to open a USD Account with XFERS PTE. LTD. (?XFERS?) and be bound by the Terms and Conditions of the USD Account.

2. We hereby agree to open a wallex account (?Wallex Account?) with Wallex Technologies Pte. Ltd. (?Wallex?) and further agree and accept the  Wallex?s Terms and Conditions, as amended from time to time.

3. We hereby agree to open a singx account (?SingX Account?) with SINGX SINGAPORE PTE LTD (?SingX?) and further agree and accept the SingX?s Terms of Use, as amended from time to time.

4. We hereby authorise XFERS to work with the following third-party service providers (each, a ?CBMT Partner?) on our behalf to execute transactions such as payment and FX conversion, including negotiating related commercial terms:

(a) Wallex, a regulated cross-border payment company (license number PS20200433); 

(b) SingX, a regulated cross-border payment company (license number PS20200369); and

(c) Moolahgo Pte Ltd (?Moolahgo?), a regulated cross-border payment company (license number PS20200262).

5. We hereby acknowledge and agree that:

(a) XFERS? role in any cross-border money transfer service is strictly limited to:

(i) executing a domestic transfer of moneys on our behalf to our account held with the relevant CBMT Partner; and

(ii) acting on our behalf and in accordance with our instructions to provide instructions to the relevant CBMT Partner in respect of the cross-border money transfer transaction; and

(b) all currency conversion and outbound cross-border money transfer transaction activities are undertaken solely by the relevant CBMT Partner as a duly licensed payment service provider for the provision of cross-border money transfer services.

7. We hereby authorise XFERS to do all things necessary or desirable in connection with the Wallex Account, SingX Account and/or account opened with Moolahgo (collectively, the ?Accounts?) including but not limited to providing any know-your-customer or know-your-business documents including any other information necessary for onboarding and on-going transactional monitoring purposes, operating and/or transacting the Accounts on our behalf in accordance with our instructions and giving instructions to Wallex, SingX and/or Moolahgo as the case may be and to generally do all such things as XFERS deems necessary or expedient for all of the foregoing purposes on our behalf.