1 PAYMENT PLAT WHITEPAPER Final Version June 21st 2017 Copyright 2017 TenX PTE LTD teamtenx.tech 2 of 51 IMPORTANT NOTICE PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED “DISCLAIMER OF LIABILITY”, “NO REPRESENTATIONS AND WARRANTIES”, “REPRESENTATIONS AND WARRANTIES BY YOU”, “CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS”, “MARKET AND INDUSTRY INATION AND NO CONSENT OF OTHER PERSONS”, “NO ADVICE”, “NO FURTHER INATION OR UPDATE”, “RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION”, “NO OFFER OF SECURITIES OR REGISTRATION” AND “RISKS AND UNCERTAINTIES” CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISORS. The PAY tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. This Whitepaper does not constitute or part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the PAY tokens the “Distributor” to purchase any PAY tokens nor shall it or any part of it nor the fact of its presentation the basis of, or be relied upon in connection with, any contract or investment decision. The Distributor will be an affiliate of TenX Pte. Ltd. “TenX”, and will deploy all proceeds of sale of the PAY tokens to fund TenX’s cryptocurrency project, businesses and operations. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the PAY tokens and no cryptocurrency or other of payment is to be accepted on the basis of this Whitepaper. Any agreement as between the Distributor and you as a purchaser, and in relation to any sale and purchase, of PAY tokens as referred to in this Whitepaper is to be governed by only a separate document setting out the terms and conditions the “TCs” of such agreement. In the event of any inconsistencies between the TCs and this Whitepaper, the er shall prevail. Copyright 2017 TenX PTE LTD teamtenx.tech 3 of 51 You are not eligible and you are not to purchase any PAY tokens in the TenX Initial Token Sale as referred to in this Whitepaper if you are a citizen, resident tax or otherwise or green card holder of the United States of America or a citizen or resident of the Republic of Singapore. No regulatory authority has examined or approved of any of the ination set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with TenX and/or the Distributor and their respective businesses and operations, the PAY tokens, the TenX Initial Token Sale and the TenX Wallet each as referred to in this Whitepaper. This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section and the following sections entitled “Disclaimer of Liability”, “No Representations and Warranties”, “Representations and Warranties By You”, “Cautionary Note On Forward-Looking Statements”, “Market and Industry Ination and No Consent of Other Persons”, “Terms Used”, “No Advice”, “No Further Ination or Update”, “Restrictions On Distribution and Dissemination”, “No Offer of Securities Or Registration” and “Risks and Uncertainties”. DISCLAIMER OF LIABILITY To the maximum extent permitted by the applicable laws, regulations and rules, TenX and/or the Distributor shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise including but not limited to loss of revenue, income or profits, and loss of use or data, arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you. NO REPRESENTATIONS AND WARRANTIES TenX and/or the Distributor does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the ination set out in this Whitepaper. Copyright 2017 TenX PTE LTD teamtenx.tech 4 of 51 REPRESENTATIONS AND WARANTIES BY YOU By acesing and/or acepting possesion of any ination in this Whitepaper or such part thereof as the case may be, you represent and warrant to TenX and/or the Distributor as follows a you agree and acknowledge that the PAY tokens do not constitute securities in any in any jurisdiction; b you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other of payment is to be acepted on the basis of this Whitepaper; c you agree and acknowledge that no regulatory authority has examined or approved of the ination set out in this Whitepaper, no action has been or wil be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or disemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with; d you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the TenX Initial Token Sale, or future trading of the PAY tokens on any cryptocurrency exchange, shal not be construed, interpreted or deemed by you as an indication of the merits of the TenX and/or the Distributor, the PAY tokens, the TenX Initial Token Sale and the TenX Walet each as referred to in this Whitepaper; e the distribution or disemination of this Whitepaper, any part thereof or any copy thereof, or aceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possesion are applicable, you have observed and complied with al such restrictions at your own expense and without liability to TenX and/or the Distributor; f you agree and acknowledge that in the case where you wish to purchase any PAY tokens, the PAY tokens are not to be construed, interpreted, clasified or treated as Copyright 2017 TenX PTE LTD teamtenx.tech 5 of 51 i any kind of currency other than cryptocurrency;ii debentures, stocks or shares issued by any person or entity whether TenX and/orthe Distributori rights, options or derivatives in respect of such debentures, stocks or shares;ii rights under a contract for differences or under any other contract the purpose orpretended purpose of which is to secure a profit or avoid a loss;iii units in a collective investment scheme;iv units in a business trust;v derivatives of units in a business trust; orvi any other security or class of securities.g you are fully aware of and understand that you are not eligible to purchase any PAYtokens if you are a citizen, resident tax or otherwise or green card holder of the UnitedStates of America or a citizen or resident of the Republic of Singapore;h you have a basic degree of understanding of the operation, functionality, usage, storage,transmission mechanisms and other material characteristics of cryptocurrencies,blockchain-based software systems, cryptocurrency wallets or other related token storagemechanisms, blockchain technology and smart contract technology;i you are fully aware and understand that in the case where you wish to purchase any PAYtokens, there are risks associated with TenX and the Distributor and their respectivebusiness and operations, the PAY tokens, the TenX Initial Token Sale and the TenXWallet each as referred to in the Whitepaper;j you agree and acknowledge that neither TenX nor the Distributor is liable for anyindirect, special, incidental, consequential or other losses of any kind, in tort, contract orotherwise including but not limited to loss of revenue, income or profits, and loss of useor data, arising out of or in connection with any acceptance of or reliance on thisWhitepaper or any part thereof by you; and Copyright 2017 TenX PTE LTD teamtenx.tech 6 of 51 k al of the above representations and warranties are true, complete, acurate and non-misleading from the time of your aces to and/or aceptance of possesion this Whitepaper or such part thereof as the case may be. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Al statements contained in this Whitepaper, statements made in pres releases or in any place acesible by the public and oral statements that may be made by TenX and/or the Distributor or their respective directors, cutive officers or employees acting on behalf of TenX or the Distributor as the case may be, that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “wil” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. Al statements regarding TenX’s and/or the Distributor’s financial position, busines strategies, plans and prospects and the future prospects of the industry which TenX and/or the Distributor is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to TenX’s and/or the Distributor’s revenue and profitability, prospects, future plans, other expected industry trends and other maters discussed in this Whitepaper regarding TenX and/or the Distributor are maters that are not historic facts, but only predictions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, perance or achievements of TenX and/or the Distributor to be materialy different from any future results, perance or achievements expected, expresed or implied by such forward-looking statements. These factors include, amongst others a changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which TenX and/or the Distributor conducts its respective busineses and operations; b the risk that TenX and/or the Distributor may be unable or cute or implement their respective busines strategies and future plans; c changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; Copyright 2017 TenX PTE LTD teamtenx.tech 7 of 51 d changes in the anticipated growth strategies and expected internal growth of TenX and/or the Distributor; e changes in the availability and fees payable to TenX and/or the Distributor in connection with their respective busineses and operations; f changes in the availability and salaries of employees who are required by TenX and/or the Distributor to operate their respective busineses and operations; g changes in preferences of customers of TenX and/or the Distributor; h changes in competitive conditions under which TenX and/or the Distributor operate, and the ability of TenX and/or the Distributor to compete under such conditions; i changes in the future capital needs of TenX and/or the Distributor and the availability of financing and capital to fund such needs; j war or acts of international or domestic terrorism; k occurrences of catastrophic events, natural disasters and acts of God that affect the busineses and/or operations of TenX and/or the Distributor; l other factors beyond the control of TenX and/or the Distributor; and m any risk and uncertainties asociated with TenX and/or the Distributor and their busineses and operations, the PAY tokens, the TenX Initial Token Sale and the TenX Walet each as referred to in the Whitepaper. Al forward-looking statements made by or atributable to TenX and/or the Distributor or persons acting on behalf of TenX and/or the Distributor are expresly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, perance or achievements of TenX and/or the Distributor to be materialy different from that expected, expresed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper. Neither TenX, the Distributor nor any other person represents, warrants and/or undertakes that the actual future results, perance or achievements of TenX and/or the Distributor wil be as discussed in those forward-looking statements. The actual results, perance or achievements of TenX and/or the Distributor may differ materialy from those anticipated in these forward-looking statements. Copyright 2017 TenX PTE LTD teamtenx.tech 8 of 51 Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future perance or policies of TenX and/or the Distributor. Further, TenX and/or the Distributor disclaim any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new ination becomes available or other events occur in the future. MARKET AND INDUSTRY INATION AND NO CONSENT OF OTHER PERSONS This Whitepaper includes market and industry ination and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as wel as market research, publicly available ination and industry publications. Such surveys, reports, studies, market research, publicly available ination and publications generaly state that the ination that they contain has been obtained from sources believed to be reliable, but there can be no asurance as to the acuracy or completenes of such included ination. Save for TenX, the Distributor and their respective directors, cutive officers and employees, no person has provided his or her consent to the inclusion of his or her name