Pathfinder is powered by Anduril Pte Ltd (“Anduril”). Anduril is currently exempted by the Monetary Authority of Singapore (“MAS”), from holding a licence to provide digital payment token services. The terms “digital payment token” or “DPT” refer to digital payment tokens within the meaning given in the Payment Services Act 2019.

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The MAS requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.

Before you:

1. (a) pay or transfer Anduril any money or DPT;
2. (b) enter into an agreement with a third party to buy or sell DPTs upon inducement by Anduril;
3. (c) enter into an agreement with a third party under an arrangement by Anduril for the transmission of DPTs;
4. (d) pay a third party any money or DPT under an arrangement by Anduril for the transmission of DPTs; or
5. (e) transfer any digital payment token instrument to Anduril, you should be aware of the following:
   1. Anduril is exempted by MAS from holding a licence to provide DPT services, and is currently pending its licence from MAS. Please note that you may not be able to recover all the money or DPTs you paid to Anduril, or any other third party referred to above, if Anduril or the third party’s business fails.
   2. You should be aware that MAS does not supervise or regulate Anduril for the provision of unregulated services. This includes any service of trading DPT derivatives such as futures.
   3. 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 is transferred or held by Anduril.
   4. You should be aware that the value of DPTs 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.
   5. You should be aware that Anduril, as an exempt payment service provider, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Further, please note that, in the event of event of failure of Anduril’s business or in the event of a cyber-attack, there is a risk that you may not get back all of the Digital Assets (as defined below), although Anduril has taken significant steps to mitigate the risk of this occurring, including taking out appropriate insurance and deploying reasonable security measures.

You should be aware that the risk of loss in trading or holding Digital Assets can be substantial. As with any asset, the value of Digital Assets can go up or down and there can be a substantial risk that you will lose money buying, selling, holding or investing in Digital Assets. Once recorded on the public blockchain, transactions in Digital Assets are irreversible, even if such transactions are unintended or unauthorised. You should carefully consider whether trading or holding Digital Assets is suitable for you in light of your financial condition.