Crypto Backed Loans Target Market Determination

(a) Meet the following eligibility criteria:

(i) are 18 years old or older;

(ii) are employed on a full-time, part-time, or casual basis; and

(iii) are a permanent resident or citizen of Australia.

Loan Amount a loan amount of at least $2000 and up to $250,000.

Term a fixed 12-month period.

Multiple Loans a customer may request multiple loans, limited to 3.

Intended Use customers are required to acknowledge and agree that the loan is intended to be used for personal and domestic use.

Security customers will be required to provide liquid virtual assets (see below) as security for the loan.

Fixed Interest Rate customers will agree to a fixed interest rate of 13% for the term of the loan.

Other Fees may be payable on the occurrence of certain events (e.g. events of default)

Repayments customers will make regular, scheduled repayments to pay down the loan balance over the term.

Early Repayments customers are able to make early repayments, but must agree to paying the early-repayment fee as stipulated in Loan Contract.

No Redraws customers are not able to access any extra repayments that have been made to the loan in excess of their scheduled repayments.

The Product will be distributed by the Distributor, direct to the customer, through the following channels:

• the Distributor’s mobile applications (both Android and iPhone);
• The Distributor's web application and website;
• through requests received from the Distributor’s website.
• referral arrangements and strategic partnerships between the Distributor and third-party businesses

It has been assessed and considered appropriate for the Distributor to be the exclusive distributor of the Product. Accordingly, limiting the distribution channel to one distributor, will ensure that:

• marketing is directed at customers who fit within the Target Market;
• processes are in place to ensure that products are only distributed to customers who fit within the Target Market; and
• the Product is suitable for a relatively narrow Target Market;
• The required information is collected from customers to assess whether customers are in the Target Market;
• training, monitoring and controls will be simple to implement.

While the Distributor will promote the product through third parties through referral arrangements and strategic partnerships, the Distributor will be the only channel for customers to acquire the Product.

The Product will only be provided to customers by exclusively through the Distributor who will:

• effect and maintain the relevant licenses;
• be trained by the Issuer; and
• have its distribution activities reviewed and monitored by the Issuer.

Training, monitoring and accreditation standards will ensure the Distributor:

• will undergo background checks on key personnel;
• complies with all relevant law relating to distribution of the Product; and
• Adopt distribution practices in accordance with the Issuer’s own policies and standards.

This will ultimately enable the Distributor to assess customer requests and determine whether they are in the Target Market.

The Distributor will collect information from customers who apply for the Product to ensure they are in the Target Market. This includes:

• Information for the Distributor’s affordability and suitability assessment to ensure customers meet the affordability requirement;
• Information relating to the intended purpose and use of the Product to ensure customers’ needs and objectives are likely to be met;
• Assessing the information collected to ensure customers’ are likely to meet their financial obligations.

Initial Review 12 months after the TMD Date

Periodic Reviews 18 months from the date of the previous review.

Every 3 months

This will ultimately enable the Distributor to assess customer requests and determine whether they are in the Target Market.