OKX Financial Fixed Coupon Product Terms (SG)

1. Overview

1.1 The Fixed Coupon Product ("Fixed Coupon Product Service", "Service" or "Services") is a non-principal guaranteed structured investment product ("Product") provided and operated by OKX Financial Pte. Ltd. ("OKX", "Company", "we", "our" or "us" or "Platform"), the full content of which is incorporated by reference herein.

1.2 These Fixed Coupon Product Service Terms (these "Terms") govern your use of the Fixed Coupon Product Service and any related services entered into by and between you (the "User" or "you") and OKX, and are legally binding upon you and OKX. These Terms are supplemental to, and should be read together with, the Structured Products Subscription Service Terms (the "Master Terms") as published by OKX from time to time, which govern the general framework for structured product subscriptions, including order mechanics, calculation agent framework, reference price fallback, events of default, and early termination. In the event of any conflict between these Terms and the Master Terms, these Terms shall prevail to the extent of the conflict insofar as it relates to the Fixed Coupon Product Service specifically.

1.3 By accessing the Services and subscribing to any Fixed Coupon Product, you confirm you have read, understood, and accepted these Terms, the Master Terms, the OKX Financial Terms of Service, the OKX Financial Risk Disclosure, Risk & Compliance Disclosure, the OKX Financial White Glove OTC User Agreement, and all other applicable User Agreements (as defined in the Master Terms), and that you agree to be legally bound by all terms and conditions thereof.

1.4 The Terms and any applicable User Agreements constitute the entire agreement and understanding regarding the use of any or all of the Services, and any manner of accessing them, between you and OKX, depending on your location, nationality, services used, and your level of KYC completed.

2. Eligibility to Use the Service

2.1 You understand and acknowledge that:

1. You have agreed to abide by the OKX Financial Terms of Service, and the Master Terms, and you are eligible and are not prohibited from using the Services defined therein;

2. If you are registering for the Service in your personal capacity, you must be at least 18 years old, with full civil rights and civil capacity, and have all necessary authorities and abilities to accept and execute these Terms;

3. If you are registering on behalf of a legal entity, you declare and guarantee that (i) such legal entity is legally established and valid under applicable laws and regulations; and (ii) you are duly authorised by the legal entity and have the right to act on its behalf;

4. You have the requisite experience, knowledge and risk tolerance to invest in non-principal guaranteed structured Digital Asset products involving derivatives, including products with barrier features and physical settlement;

5. You shall carefully consider and use clear judgment to evaluate your financial condition and the risks described herein before making any subscription decisions, and shall bear all losses arising therefrom;

6. These Terms do not conflict with the laws of your country or region, and you agree to comply with all applicable laws;

7. You are the legal owner of the Digital Assets in your OKX Account and guarantee that the sources of those Digital Assets are legal; and

8. Access to the Service and each Product may be subject to OKX's internal approval or restrictions and may be denied or revoked at any time without prior notice at OKX's sole discretion. Different account types and applicable jurisdictions may affect access.

2.2 You agree and undertake that you shall not use the Service for any illegal purposes, including but not limited to money laundering, fraud, terrorist financing, or any other activity prohibited by law.

3. Definitions

The following terms used in these Terms shall have the following meanings. Capitalised terms not defined herein shall have the meanings given to them in the Master Terms.

• "Bearish Product" means a Fixed Coupon Product in which the User subscribes in the Underlying Asset (e.g. BTC or ETH), with downside Knock-In and Knock-Out mechanics as described in Clause 4.2.

• "Bullish Product" means a Fixed Coupon Product in which the User subscribes in a Stablecoin, with upside Knock-In and Knock-Out mechanics as described in Clause 4.2.

• "Coupon" means the fixed periodic payment calculated at the Coupon Rate and payable by OKX to the User on each Coupon Payment Date throughout the Term, subject to the terms herein.

• "Coupon Payment Date" means each date on which a Coupon is scheduled to be paid, as specified in the Order Terms.

• "Coupon Rate" means the fixed annualised rate of return applicable to the Product, as specified in the Order Terms, used to calculate each Coupon.

• "Expiration Date" means the scheduled date on which the Product matures, as specified in the Order Terms. Unless an Early Termination or Knock-Out Event has occurred, the Product shall be observed and settled at the Observation Time on the Expiration Date.

• "Investment Amount" means, in relation to a Product, the amount of Subscription Currency used to subscribe for the Product.

• "Knock-In Barrier" means, for a Bullish Product, the price level of the Underlying Asset at or below which a Knock-In Event is triggered; and for a Bearish Product, the price level at or above which a Knock-In Event is triggered; in each case as specified in the Order Terms.

• "Knock-In Event" means:

  • for a Bullish Product: the event that occurs when the Settlement Price of the Underlying Asset first falls at or below the Knock-In Barrier on any Knock-In Observation Date during the Term;

  • for a Bearish Product: the event that occurs when the Settlement Price of the Underlying Asset first rises at or above the Knock-In Barrier on any Knock-In Observation Date during the Term.

• "Knock-In Observation Date" means each date on which the Settlement Price is observed to determine whether a Knock-In Event has occurred, as specified in the Order Terms.

• "Knock-Out Barrier" means, for a Bullish Product, the price level of the Underlying Asset at or above which a Knock-Out Event is triggered; and for a Bearish Product, the price level at or below which a Knock-Out Event is triggered; in each case as specified in the Order Terms.

• "Knock-Out Event" means:

  • for a Bullish Product: the event that occurs when the Settlement Price of the Underlying Asset rises at or above the Knock-Out Barrier on any Knock-Out Observation Date;

  • for a Bearish Product: the event that occurs when the Settlement Price of the Underlying Asset falls at or below the Knock-Out Barrier on any Knock-Out Observation Date.

• "Knock-Out Observation Date" means each date on which the Settlement Price is observed to determine whether a Knock-Out Event has occurred, as specified in the Order Terms. Unless otherwise specified in the Order Terms, Knock-Out Observation Dates shall coincide with Coupon Payment Dates (weekly or monthly).

• "Knock-Out Date" means the Knock-Out Observation Date on which a Knock-Out Event occurs.

• "Observation Time" means 16:00 (UTC+8) on any relevant observation date, unless otherwise specified in the Order Terms.

• "Order Terms" means the terms governing a subscribed Product as communicated to the User, whether via a written order confirmation, a final term sheet, an in-app display, or such other form as OKX may make available from time to time, setting out (without limitation): the Product Type (Bullish or Bearish), Underlying Asset, Investment Amount, Subscription Currency, Strike Price, Knock-In Barrier (if applicable), Knock-Out Barrier (if applicable), Coupon Rate, Coupon Payment Dates, Knock-In Observation Dates, Knock-Out Observation Dates, Term, Trade Date, and Expiration Date.

• "Settlement Price" means the averaged index price of the relevant Underlying Asset/Stablecoin pair on the OKX platform (as the Primary Source) between 15:00 (UTC+8) and 16:00 (UTC+8) on any relevant observation date, as determined by OKX as Calculation Agent. In the event that the Settlement Price cannot be determined from the Primary Source, the Reference Price fallback provisions in the Master Terms shall apply.

• "Strike Price" means the price of the Underlying Asset specified in the Order Terms, which is used to determine the Settlement Currency and Settlement Amount at expiry.

• "Stablecoin" means USDT, USDC or such other stablecoins as may be specified in the Order Terms and supported by OKX from time to time. Not all stablecoins are supported for all users for this Product.

• "Subscription Currency" means:

  • for a Bullish Product: a Stablecoin as specified in the Order Terms;

  • for a Bearish Product: the Underlying Asset (e.g. BTC or ETH) as specified in the Order Terms.

• "Term" means the period between the Trade Date to (and including) the Expiration Date.

• "Term Coupon Rate" means the absolute (non-annualised) rate of return for a Coupon period, calculated as: Term Coupon Rate = Coupon Rate (annualised) ÷ 365 × number of days in the relevant Coupon period.

• "Trade Date" means, in relation to each Product, the date on which the User successfully subscribes for a Product.

• "Underlying Asset" means the Digital Asset referenced by the Product, (such as BTC or ETH, or such other Digital Asset as may be specified in the Order Terms and supported by OKX for the Product from time to time).

4. Fixed Coupon Product Service

4.1 Description of the Fixed Coupon Product

The Fixed Coupon Product is a non-principal guaranteed structured investment product under which:

(a) the User deposits the Investment Amount in the Subscription Currency with OKX for a defined Term;

(b) OKX pays the User fixed Coupons at the Coupon Rate, in the Subscription Currency, on each Coupon Payment Date throughout the Term, (subject to a Knock-Out Event occurring as described below);

(c) upon expiry, the Settlement Currency in which the User's principal is returned depends on whether a Knock-In Event has occurred and on the Settlement Price relative to the Strike Price at expiry, as further described in Clause 4.3; and

(d) the Product terminates early if a Knock-Out Event occurs on any Knock-Out Observation Date, in which case no further Coupons after that date are paid and the principal is returned in the Subscription Currency, as described in Clause 4.4.

The Fixed Coupon Product is available in two orientations:

• Bullish Product: the User subscribes in a Stablecoin. The Knock-In Barrier is set below the current spot price (i.e. the User takes the risk that the Underlying Asset falls significantly). The Knock-Out Barrier is set above the current spot price (triggering early exit if the Underlying Asset rises strongly).

• Bearish Product: the User subscribes in the Underlying Asset. The Knock-In Barrier is set above the current spot price (i.e. the User takes the risk that the Underlying Asset rises significantly). The Knock-Out Barrier is set below the current spot price (triggering early exit if the Underlying Asset falls strongly).

Each Product may or may not include a Knock-In Barrier and/or a Knock-Out Barrier, as specified in the Order Terms. The four possible structures are summarised below:

The applicable structure and all relevant barrier levels shall be specified in the Order Terms. Where no Knock-In Barrier or Knock-out Barrier is specified, the Knock-In/ Knock-Out provisions of these Terms shall not apply to that Product accordingly.

4.2 Payoff Scenarios

The following tables and scenario descriptions illustrate the payoff mechanics for each structure. All figures are illustrative only. Actual terms shall be as specified in the Order Terms.

4.2.1 Scenario A: BTC Bullish Product — No KI / No KO

Illustrative parameters: Spot = $90,000 | Strike = $81,000 (90% of Spot) | 4-week tenor | Weekly Coupon | Investment Amount = 100,000 USDT

*Scenario A-2 note: The market value of BTC received may be significantly less than 100,000 USDT at the time of settlement.

4.2.2 Scenario B: BTC Bullish Product — KI Only

Illustrative parameters: Spot = $90,000 | Strike = $81,000 (90% of Spot) | KI = $63,000 (70% of Spot) | 4-week tenor | Weekly Coupon

*Scenario B-2 note: The market value of BTC received may be significantly less than the Investment Amount at the time of settlement.

4.2.3 Scenario C: BTC Bullish Product — KO Only

Illustrative parameters: Spot = $90,000 | Strike = $81,000 (90% of Spot) | KO = $117,000 (130% of Spot) | 4-week tenor | Weekly Coupon

*Scenario 2 note: The market value of BTC received may be significantly less than the Investment Amount at the time of settlement.

4.2.4 Scenario D: BTC Bullish Product — KI + KO

Illustrative parameters: Spot = $90,000 | Strike = $81,000 (90% of Spot) | KI = $63,000 (70% of Spot) | KO = $117,000 (130% of Spot) | 4-week tenor | Weekly Coupon

*Scenario D-3 note: The market value of BTC received may be significantly less than the Investment Amount at the time of settlement.

4.2.5 Scenario E: BTC Bearish Product — No KI / No KO

Illustrative parameters: Principal = 1 BTC | Strike = $99,000 (110% of Spot = $90,000) | 4-week tenor | Weekly Coupon

*Scenario E-2 note: The market value of crypto at the time of conversion may exceed the value of stablecoins received from conversion, representing an opportunity cost.

4.2.6 Scenario F: BTC Bearish Product — KI Only

Illustrative parameters: Principal = 1 BTC | Strike = $99,000 (110%) | KI = $117,000 (130%) | 4-week tenor | Weekly Coupon

*Scenario F-3 note: The market value of crypto at the time of conversion may exceed the value of stablecoins received from conversion, representing an opportunity cost.

4.2.7 Scenario G: BTC Bearish Product — KO Only

Illustrative parameters: Principal = 1 BTC | Strike = $99,000 (110%) | KO = $63,000 (70%) | 4-week tenor | Weekly Coupon

*Scenario G-3 note: The market value of crypto at the time of conversion may exceed the value of stablecoins received from conversion, representing an opportunity cost.

4.2.8 Scenario H: BTC Bearish Product — KI + KO

Illustrative parameters: Principal = 1 BTC | Strike = $99,000 (110%) | KI = $117,000 (130%) | KO = $63,000 (70%) | 4-week tenor | Weekly Coupon

*Scenario H-4 note: The market value of crypto at the time of conversion may exceed the value of stablecoins received from conversion, representing an opportunity cost.

4.3 Coupon Calculation and Payment

(a) Coupons shall be calculated by reference to the Investment Amount, the Coupon Rate, and the number of days in each Coupon period, as follows:

Coupon Amount = Investment Amount × (Coupon Rate ÷ 365) × Number of Days in Coupon Period

(b) Coupons shall be paid in the Subscription Currency unless otherwise specified in the Order Terms.

(c) Coupons shall be paid on each Coupon Payment Date regardless of whether a Knock-In Event has occurred (but subject to Knock-Out Events if any). OKX shall transfer the Coupon Amount to the User's OKX funding account on or around each Coupon Payment Date. OKX shall not be liable for delays attributable to system maintenance, network conditions, or other circumstances beyond OKX's reasonable control.

(d) Effect of Knock-Out Event on Coupons. If a Knock-Out Event occurs on a Knock-Out Observation Date, OKX shall pay the Coupon accrued for the Coupon period ending on that Knock-Out Date (together with any prior unpaid Coupons). No further Coupons shall accrue or be payable following the Knock-Out Date.

(e) The Coupon Rate and all other terms specified in the Order Terms are fixed at subscription and shall not be adjusted during the Term except in the circumstances described in Clause 4.6 (Disruption Events) below.

4.4 Settlement at Expiry

Upon the Observation Time on the Expiration Date, if no Knock-Out Event has occurred, the Settlement Amount and Settlement Currency shall be determined as follows:

Bullish Product:

(a) Settlement Price ≥ Strike Price (regardless of whether a Knock-In Event occurred):

• Settlement Amount = Investment Amount;

• Settlement Currency = Subscription Currency (i.e., Stablecoin) returned. Full principal returned in Stablecoin.

(b) Settlement Price < Strike Price AND a Knock-In Barrier is set but no Knock-In Event occurred:

• Settlement Amount = Investment Amount;

• Settlement Currency = Subscription Currency (i.e., Stablecoin) returned. Full principal returned in Stablecoin.

(c) Settlement Price < Strike Price AND a Knock-In Event occurred (or no Knock-In Barrier is set):

• Settlement Amount = Investment Amount ÷ Strike Price;

• Settlement Currency = Underlying Asset. Principal is converted to the Underlying Asset at the Strike Price.

Bearish Product:

(d) Settlement Price ≤ Strike Price (regardless of whether a Knock-In Event occurred):

• Settlement Amount = Investment Amount (in Underlying Asset);

• Settlement Currency = Subscription Currency (i.e Underlying Asset) returned. Principal remains in the Underlying Asset.

(e) Settlement Price > Strike Price AND a Knock-In Barrier is set but no Knock-In Event occurred:

• Settlement Amount = Investment Amount (in Underlying Asset);

• Settlement Currency = Subscription Currency (i.e Underlying Asset) returned. Principal remains in the Underlying Asset.

(f) Settlement Price > Strike Price AND a Knock-In Event occurred:

• Settlement Amount = Investment Amount × Strike Price;

• Settlement Currency = Stablecoin. Principal is converted to Stablecoin at the Strike Price.

Settlement amounts shall be credited to the User's OKX funding account following the Expiration Date.

4.5 Early Termination — Knock-Out

(a) If a Knock-Out Event occurs on any Knock-Out Observation Date (regardless of any Knock-In Event has occured prior to such date), the Product terminates early on the Knock-Out Date. OKX shall:

• pay to the User all Coupons accrued up to and including the Knock-Out Date; and

• return the full Investment Amount to the User in the Subscription Currency.

(b) OKX shall credit the Coupons and Investment Amount to the User's OKX funding account following the Knock-Out Date.

(c) The User acknowledges that early termination following a Knock-Out Event creates reinvestment risk, in that the User may not be able to reinvest the returned principal at a comparable Coupon Rate.

4.6 Early Unwind at User's Request

(a) The User may request an early unwind of a Product prior to the Expiration Date by submitting a written request to OKX through the communication channel specified in the Order Terms or otherwise agreed with OKX. OKX has sole and absolute discretion as to whether to accept any such request.

(b) If OKX agrees to an early unwind, the settlement amount payable to the User shall be determined by OKX as Calculation Agent based on the mark-to-market value of the Product at the time of unwind, which may be materially less than the Investment Amount. The mark-to-market value shall reflect, among other factors, the remaining time to expiry, the prevailing price of the Underlying Asset, implied volatility, and applicable unwind costs.

(c) OKX shall provide the User with an indicative unwind price prior to execution. The User must confirm acceptance in writing before OKX proceeds. Once confirmed, the unwind is irrevocable.

(d) OKX is under no obligation to agree to an early unwind. The User has no right to demand early redemption.

4.7 Disruption Events

If the Settlement Price cannot be determined from the primary source on any Knock-In Observation Date, Knock-Out Observation Date, or Expiration Date, the Reference Price fallback waterfall set out in the Master Terms shall apply to determine the applicable Settlement Price. In particular:

(a) A Knock-In Event or Knock-Out Event shall not be deemed to have occurred solely on the basis of a fallback-determined Settlement Price unless OKX, acting as Calculation Agent in good faith, is satisfied that such price is representative of the fair market value of the Underlying Asset at the relevant time.

(b) If an Extraordinary Event (including a protocol fork, hard fork, airdrop, change in consensus mechanism, or delisting of the Underlying Asset) occurs during the Term, OKX as Calculation Agent may adjust the terms of the Product (including the Strike Price, Knock-In Barrier, or Knock-Out Barrier) as necessary to preserve the economic terms, or if no adjustment is sufficient, terminate the Product in accordance with the Master Terms.

(c) OKX shall not be liable for any loss arising from a Settlement Price determination made pursuant to the fallback provisions, subject to the standard of good faith and commercial reasonableness.

4.8 OKX-Initiated Termination

(a) OKX reserves the right to terminate this Service (including any specific Fixed Coupon Product) in advance at its sole discretion in any of the following circumstances:

1. Termination is required due to applicable regulatory requirements or changes in law;

2. A force majeure event, Extraordinary Event, or Market Disruption Event renders OKX unable to continue to perform its obligations;

3. A Settlement Price disruption cannot be resolved within the maximum postponement period under the Master Terms; or

4. OKX otherwise determines, acting reasonably, that termination is necessary having regard to market conditions or the integrity of the Product.

(b) If OKX initiates early termination, it shall make reasonable efforts to notify the User in advance.

(c) Upon OKX-initiated termination:

1. Any Coupons accrued and unpaid up to the termination date shall be paid to the User; and

2. The return of principal shall be at the mark-to-market value of the Product as determined by OKX as Calculation Agent in good faith and in a commercially reasonable manner, which may be less than the Investment Amount. OKX shall notify the User of the applicable settlement terms prior to or upon termination.

(d) If OKX determines that an Order Terms document contains a manifest error (including a clearly erroneous Coupon Rate, Strike Price, or barrier level), OKX shall have the right to cancel the relevant Product. If cancelled, OKX shall promptly notify the User and return the Investment Amount in the Subscription Currency. No Coupon shall be payable in respect of a cancelled Product.

(e) Settlement amounts upon OKX-initiated termination shall generally be credited to the User's OKX funding account within two (2) Business Days following the termination date.

5. Risk Disclosure and Limitation of Liabilities

5.1 General

The general risk disclosures and limitation of liability provisions applicable to all structured products are set out in the Master Terms and are incorporated herein by reference. The following risk disclosures are specific to the Fixed Coupon Product and supplement (but do not replace) the risk disclosures in the Master Terms.

5.2 Fixed Coupon Product — Specific Risk Disclosures

(1) Non-Principal Guaranteed — Conversion Risk. The Fixed Coupon Product is not a principal-guaranteed product. The User's Investment Amount, in certain situations, are physically converted into the Underlying Asset or Stablecoin at the Strike Price. The market value of the asset received at the time of settlement may be substantially less than the Investment Amount, and in extreme market conditions could result in a significant or near-total loss of value.

(2) Embedded Short Option — Derivative Nature. By subscribing to a Fixed Coupon Product, the User is effectively selling an option to OKX on the Underlying Asset in exchange for the Coupon. For a Bullish Product, the User writes a put option; for a Bearish Product, the User writes a call option. Users should ensure they fully understand the risks of short option positions, including the potential for significant losses if the Underlying Asset moves sharply against the User's directional view.

(3) Coupon Does Not Compensate for Capital Loss. The Coupon is a fixed payment that does not adjust based on the performance of the Underlying Asset. In conversion scenarios, the total Coupons received over the Term may be insufficient to offset the capital loss arising from conversion of principal at the Strike Price.

(4) Knock-In Event — Irreversible Loss of Principal Protection. Once a Knock-In Event occurs, the User's downside protection (to the extent provided by the absence of a Knock-In trigger) is permanently lost. The User cannot reverse or unwind a triggered Knock-In Event.

(5) Knock-In Observation — Daily Monitoring. Unless otherwise specified in the Order Terms, Knock-In Events may be observed on a daily basis throughout the Term. This means that a brief intraday or closing price breach of the Knock-In Barrier on any single observation day will trigger the Knock-In Event, even if prices recover immediately thereafter. Users should be aware that daily observation significantly increases the probability of a Knock-In Event compared to observations taken only at expiry.

(6) Knock-Out — Reinvestment Risk. If a Knock-Out Event occurs, the Product terminates early and the Investment Amount is returned. The User may not be able to reinvest at a comparable Coupon Rate, particularly if market conditions have changed since the Trade Date. The effective yield of the Product may therefore be lower than the stated annualised Coupon Rate if the Product is knocked out early.

(7) Strike Price Set Below (Bullish) or Above (Bearish) Spot — Opportunity Cost. For a Bullish Product, the Strike Price is typically set at a discount to the current spot price (e.g. 90%). For a Bearish Product, the Strike Price is set at a premium. If Asset Delivery occurs, the User receives the Underlying Asset at a price that was originally at-the-money or better, but the Underlying Asset's market value at settlement may have declined further below even the Strike Price, amplifying the loss.

(8) Opportunity cost. Once a Product is subscribed, the Investment Amount is paid to OKX and the User will not be able to invest or trade this Investment Amount.

(9) No Secondary Market. There is no secondary market for Fixed Coupon Products. The User cannot transfer, sell, or assign the Product to any third party. Early exit is only possible via an early unwind, which is subject to OKX's sole discretion and may result in a settlement amount materially below the Investment Amount (see Clause 4.6).

(10) Settlement Timing. Settlement of Coupons and principal is subject to operational processing times. OKX targets settlement on the applicable Coupon Payment Date or within two (2) Business Days of expiry or early termination, but does not guarantee delivery at a specific time. Blockchain network conditions and exchange operational factors may cause delays outside OKX's reasonable control.

(11) Tax Treatment. The tax treatment of Coupons received and gains or losses arising on settlement (including physical delivery) may vary depending on the User's jurisdiction of residence and applicable tax classification of the Product. Coupon income may be taxable, and asset delivery may trigger disposal events for capital gains purposes. OKX does not provide tax advice. Users should consult their own tax advisers prior to subscribing.

(12) Currency and Conversion Risk. Where the Settlement Currency differs from the User's reference currency, the User is exposed to exchange rate fluctuations between the Settlement Currency and the User's reference currency, in addition to the price risk of the Underlying Asset itself.

Users must have sufficient financial capability, experience, and willingness to bear all risks described herein. The Fixed Coupon Product is not suitable for all investors.

5.3 Limitation of Liability

(1) WITHOUT PREJUDICE TO THE LIMITATIONS OF LIABILITY SET OUT IN THE MASTER TERMS AND TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL OKX BE LIABLE TO THE USER FOR ANY LOST PROFITS, DELAY, LOST BUSINESS, OR FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES OF ANY KIND, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, IN CONNECTION WITH ANY FIXED COUPON PRODUCT.

(2) You agree and accept that OKX shall not be liable for losses arising from: service suspension for maintenance; cyber attacks or security breaches; telecommunications failures; force majeure events; regulatory changes; blockchain network congestion or protocol failures; or any other event beyond OKX's reasonable control.

(3) The aggregate liability of OKX under or in connection with these Terms shall not exceed the total fees (if any) received by OKX from you in connection with the relevant Product.

6. Mandatory Measures

You agree and accept that OKX strictly prohibits unfair trading practices. OKX reserves the right to exercise control over your account or close your account if you engage in any of the following:

1. Market manipulation or any other malicious market behaviour;

2. Harming or attempting to harm other users or OKX by exploiting loopholes or vulnerabilities of the Service;

3. Participation in any activities that OKX regards as potentially harmful to the market; and/or

4. Violation of applicable laws and regulations.

OKX reserves the right to take such measures at its sole discretion, including closing your account and/or cancelling your orders. OKX shall not be liable for any losses incurred in connection with such measures.

7. Indemnification

7.1 You shall take all reasonable steps to protect OKX and its affiliates from damages or losses arising from your use of the Service or actions related to your OKX account.

7.2 You hereby agree to release, defend, indemnify and hold OKX and its affiliates harmless from any claim or demand (including reasonable legal fees) made by any third party against OKX arising from your breach of these Terms, your improper use of this Service, your violation of any applicable laws or regulations, or the rights of any third party.

8. No Business, Legal, Financial or Tax Advice

OKX is not your broker, dealer, agent or consultant and does not have a fiduciary relationship with or duty towards you in respect of any Fixed Coupon Product. No information provided by OKX shall be deemed business, legal, financial or tax advice. You shall determine whether any Product is appropriate for you based on your own investment objectives, financial condition and risk tolerance, and shall be solely responsible for all losses and liabilities arising from your subscription. You should consult your own financial, legal and tax advisers as appropriate before subscribing.

9. Third Party Website Disclaimer

Any links to third party websites in OKX Services do not constitute an endorsement of any products, services or information provided therein. OKX shall not be liable for any losses arising from your use of third party products and services. OKX and each third party website are independent legal entities.

10. Governing Law

These Terms shall be governed by, and construed in accordance with, the laws of Singapore without regard to the principles of conflicts of laws thereof.

11. Jurisdiction and Dispute Resolution

For time sensitive matters, either party may seek injunctive relief from the courts exercising jurisdiction in Singapore, and any court that may hear appeals from any of those courts. In the event of any other dispute, controversy, difference or claim, including the existence, validity, interpretation, performance, breach or termination of the Terms or any dispute arising out of or relating to the Terms (the “Dispute”), the parties shall:

(a) First refer the Dispute to proceedings at the Singapore International Mediation Centre (the “SIMC”) in accordance with the Singapore International Mediation Centre Mediation Rules in force for the time.

(b) If the Dispute has not been settled upon the signing of a settlement agreement within ninety (90) days following the filing of a request for mediation, or within such extended period as may be agreed by the parties, such Dispute shall be referred to and finally resolved by arbitration in Singapore administered by the Singapore International Arbitration Centre (“SIAC”) under the Arbitration Rules of SIAC in force when the Notice of Arbitration is submitted. The law of this arbitration clause shall be the laws of Singapore.

(c) You agree that the seat of arbitration shall be Singapore. The number of arbitrators shall be three (3). We shall appoint one (1) arbitrator and you shall appoint one (1) arbitrator. The third arbitrator shall be appointed by the Chairman of the SIAC. Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The arbitration proceedings shall be conducted in English.

(d) You agree that we shall not be required to give general discovery of documents, but may be required only to produce specific, identified documents which are relevant and material to the outcome of the Dispute.

(e) Any arbitral award shall be final and binding upon the parties hereto and shall be enforceable in any competent court which has jurisdiction.

12. Miscellaneous

12.1 OKX reserves the right to unilaterally modify these Terms at any time without prior notice. Revised Terms shall be posted on OKX's website. Your continued use of or access to the Service following the posting of any changes constitutes acceptance. If you do not accept the revised Terms, please stop using the Service.

12.2 Unless otherwise instructed by OKX, formal communications shall be made through the OKX Support Center. Formal communications shall be in English; in any discrepancy between English and a foreign-language version, the English version prevails.

12.3 If any provision of these Terms is invalid, illegal or unenforceable, the remaining provisions shall not be affected. The invalid provision shall be modified to the minimum extent necessary to make it enforceable, or if not possible, severed.

12.4 No failure or delay by OKX in exercising any right under these Terms shall operate as a waiver.

12.5 You shall not transfer, novate or assign these Terms or any rights hereunder without OKX's prior written consent. OKX may transfer, novate or assign any rights or obligations under these Terms by written notice to you.

12.6 The headings in these Terms are for convenience only and shall not affect interpretation.

12.7 In the event of any discrepancy between the English version of these Terms and any foreign-language translation, the English version shall prevail.

12.8 OKX has sole and final discretion in the interpretation of these Terms.