complied with Section 65 or (3) is an offer for sale of newly issued securities by a public company limited and is made entirely to its shareholders in proportion of their existing shareholding and in

securities by a public company limited and is made entirely to its shareholders in proportion of their existing shareholding and in consideration of full payment for value offered. SECTION 33/1.5 In case of an

Section 32 or Section 33, as specified in the notification of the SEC Office; (2) any securities which are issued by a third party who grants the securities holders the right to purchase, sell, acquire, or

63; (2) obtained an approval from the Office and complied with Section 65 or (3) is an offer for sale of newly issued securities by public company limited and is made entirely to its shareholders in

issuance of securities for sale to investors with the requirement that returns to the holders of the securities will depend on a flow of receipts generated from the assets which are transferred. “assets

and the financial conditions; (2) any information which may affect the rights and interests of digital token holders or the decision-making on investment or the change in the price or value of digital

information which may affect the rights and interests of digital token holders or the decision-making on investment or the change in the price or value of digital token. A36633673/0.7/02 Jul 2018 7 CHAPTER 4

be reasonable to protect and preserve the things and interests of the holders of securities of the special purpose juristic person and shall promptly report on the business and deliver property

shall take such actions as may be reasonable to protect and preserve the things and interests of the holders of securities of the special purpose juristic person and shall promptly report on the business

to such person nor allow such person to exercise the voting rights with respect to the portion of shares exceeding ten percent in any shareholders’ meeting. SECTION 27. A derivatives business operator