ISSUERS

1. An issuer shall NOT issue more than one investment instrument during a single Offering period.
2. An issuer shall NOT offer more favorable terms of investment to another investor in the six (6) months prior to the crowdfunding Offering, and in the twelve (12) months following the completion of a successful crowdfunding Offering.
3. An issuer shall NOT host an Offering concurrently on multiple Crowdfunding Platforms.
4. The offer period shall not exceed sixty (60) days.
5. An issuer shall specify and display a minimum threshold amount which shall determine the success or failure of the issue.
6. An offer shall be declared successful upon the issuer raising the Minimum Amount and receiving final approval from the Commission or Crowdfunding Intermediary where applicable.
7. Securities of maturities above one year shall be registered with the Commission in accordance with the Registration of Securities Guidelines.
8. Where an offer is approved by a Crowdfunding Intermediary or the Commission and the issuer achieves the Minimum amount during the offer period, the offer is considered successful, and the Crowdfunding Intermediary or the Commission shall instruct the Custodian to transfer the funds to the issuer.
9. Where the Minimum amount is not achieved before the end of the offer period, the offer is considered unsuccessful, and all funds received and held in the escrow or trust accounts must be returned to investors within five (5) days after the Offer Closure Date without interest.
10. The Issuer shall update its Company Articles, Memorandum of Association, Share Register and other documents as necessary, and provide copies of the same to investors.

INVESTORS

1. Retail Investors shall not invest more than 10% of their gross annual income across all crowdfunding Offerings in a twelve (12) month period.
2. Accredited (or Qualified) and Institutional Investors can invest without limit.
3. Investors may withdraw their offer at any time before the end of the offer period.
4. Where an investor withdraws an offer, all funds which may have been debited from or blocked in the account of the investor shall be refunded or released within two (2) days of the request to cancel after deduction of any applicable charges.
5. Where the Minimum amount is not achieved before the end of the offer period, the offer is considered unsuccessful, and all funds received and held in the escrow or trust accounts must be returned to investors within five (5) days after the Offer Closure Date without interest.
6. The Crowdfunding Intermediary shall put in place processes to facilitate the investment agreement, and, where relevant, individual share certificates for investors.