You represent and warrant to us that:
(a) you will enter into these terms as principal;
(b) you are not a bankrupt;
(c) you have the capacity to provide each instruction and enter into each transaction on the Platform;
(d) transactions initiated with the Account are for your own account and not on behalf of any other person;
(e) you will not access the Site to use the Services if the laws of your jurisdiction prohibit you from doing so in accordance with these Terms;
(f) you will not be using the Site for any illegal activity, including but not limited to, money laundering and the financing of terrorism;
(g) you will only operate an Account and use the Platform to transact in TILES for the purposes and in accordance with these Terms;
(h) you are a resident of a jurisdiction in which the Services are legally allowed;
(i) any information contained in or provided by you is true and accurate in all material respects as at the date it was provided or as at the date (if any) at which it is stated; and
(j) you will promptly inform us in writing of any changes in the information provided.
We have the right (and you authorise us) to:
(a) disclose your information to any third party service providers;
(b) collect, use and disclose your information in the manner and for the purposes as described in the PDPA and the Privacy Policy;
(c) disclose your information to any of our other offices or related company, whether in Singapore or not; and
(d) disclose any information relating to you, including information to enable us to perform our obligations under these Terms, to whom such disclosure is considered necessary, and required by any applicable law (domestic or foreign).
Written communication from us to you will be sent to your address and email address recorded in our system; and from you to us, must be sent to our registered address or our email address at . They will be deemed effective if:
(a) sent by mail, on the date it is delivered; and
(b) sent by email, on the date it is delivered (unless otherwise notified that the electronic mail was not delivered).
In these Terms, Account has the meaning specified in clause 3.1;
Business Day means a day (other than a Saturday or Sunday or a gazetted public holiday) on which banks are open for general business in Singapore;
Deals means the opportunities to invest in the underlying assets of Special Vehicles offered through the Platform through owning TILES;
Disputehas the meaning specified in clause 36.2;
Dollar Tokens means a cryptographic unique software token converted from any legal tender and stored in a User’s Wallet;
FundPlaces means FundPlaces Pte. Ltd.;
Holding Wallet means a digital wallet on the Platform to hold Dollar Tokens and TILES temporarily until such time they are transferred to the Wallet;
Order means an offer to transact in TILES through the Platform;
Password means a combination of alphanumeric characters set by Users to gain access to the Platform;
PDPA means the Personal Data Protection Act 2012 (No. 26 of 2012) of Singapore;
Platform means an online tool operated by FundPlaces to facilitate transactions in TILES;
Privacy Policy means the policy issued by FundPlaces and published on the Platform in relation to FundPlaces’ collection, use and disclosure of User’s information and which is deemed to be incorporated by reference into these Terms;
Record Date means the date and time fixed by FundPlaces for the purpose of determining a TILE Holder’s entitlements to distributions;
S$ means the lawful currency of Singapore;
Site means the website located at www.fundplaces.com;
Services mean the offering by FundPlaces of its Platform to Users to participate in Deals and transact in TILES;
Special Vehicle means an entity established for the sole purpose of owning assets;
Subscription Period means in relation to a Deal the period starting on the date on which the Deal is open for participation on the Platform and ending on the earlier of date the Target Investment Goal is met or FundPlaces withdraws the Deal from the Platform;
Subscription Price means in relation to a Deal, the price paid for subscribing for TILES;
Target Investment Goal means in relation to a Deal, the minimum amount sought to be raised for that Deal within the Subscription Period specified on the Platform;
Terms mean these standard terms and conditions as may be amended or supplemented from time to time, which expression shall, where the context so admits, include any such amendment or supplement;
TILES means in relation to a Deal, a cryptographic unique software token issued by a Special Vehicle with a value derived from its underlying asset;
TILE Holder means any person who has TILES stored in his Wallet, and includes any person who has an Order supported by a trade confirmation under clause 17.3;
US means the United States of America;
User means any person who is registered with us, and includes TILE Holder;
Voting Period means the period starting on the date of delivery of resolutions to TILE Holders for consideration and ending 5 Business Days from the date thereof; and
Wallet means a digital wallet on the Platform for storing, sending and receiving Dollar Tokens and TILES.