(Translation) PAGE 112 (Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of

(Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of the Present Reign. His

or sell the digital tokens or enter into a derivatives contract related to the digital tokens was assigned to a person licensed or registered under the law to manage funds or investments; or (d) in the

person licensed or registered under the law to manage funds or investments; or (d) in the manner which does not take advantage of other persons or in the manner as specified in the notification of the SEC

, called a settlor, transfers or creates real right or any right appertaining to property to or for another person, called a trustee, with trust and confidence in order that the trustee shall manage such

that the trustee shall manage such property for the benefit of beneficiaries. This meaning includes a document showing the intention to create trust whereby a settlor and a trustee are the same person

, with trust and confidence in order that the trustee shall manage such property for the benefit of beneficiaries. This meaning includes a document showing the intention to create trust whereby a settlor

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______________ SECTION 133. The securities company shall manage a private fund with honesty and care to preserve the interests of the person who has authorized the management of the private fund, using knowledge

regardless of whether such business or asset is operated by the company or its subsidiary; (4) entrusting other persons to manage the business in whole or in part regardless of whether such business is