Debenture Agreement for ZAR Wallet

Debenture Agreement on www.arbitrawallet.net

Series 2 Debentures, Issued 200,000,000 Debentures at R1.50 with yearly interest of 1% (one percent) 

This Irredeemable and Bearer Debenture Agreement ("Agreement") is entered into between NTC Global Trade Fund registration number 2022/836538/07 ("Issuer") registered address: Unit 3 Clearwater Office Park Roodepoort.  and the Debenture Holder ("Holder"), with respect to the purchase of debentures by the Holder from the Issuer. As per Section 46 of the companies Act 71 of 2008, authorized and recorded by shareholders resolution of NTC Global Trade Fund (Pty)Ltd. The following terms of the agreement are legally binding.

 1.     Debenture Purchase
 The Issuer hereby agrees to issue to the Holder, and the Holder hereby agrees to purchase from the Issuer, 200 000 000 (two hundred million) shares for debentures in NTC Global Trade Fund, at the price of R1.50 per 1 debenture. When you deposit funds into your ZAR Wallet, debentures will be automatically purchased and allocated at a rate of R1.50 per every 1 debenture, with the purchase date corresponding to the deposit date ("Purchase date").

 

2.     Interest Rate
The debentures shall bear interest at the rate of 1% (One percent) per year, calculated on the basis of the nominal value of the debentures. The interest will be paid to the holder of debentures who did not withdraw their debentures for 12 months. No pro-rata interest will be payable. The interest is payable yearly and calculated on the yearly basis and paid on the financial year end. The debenture holder shall be entitled to receive interest on their debentures held with ZAR Wallet, provided that such debentures have been held for a minimum period of 12 conservative months. Interest shall not be calculated on the basis of the prevailing interest rate at the time of the maturity of the debentures, and shall be not be paid to the client's designated bank account.


In addition, all ZAR Wallet profits generated through the profit sharing scheme shall be available for withdrawal by the client at any time via ZAR Wallet. The company shall have no obligation to pay any additional interest or profits beyond those specified in this clause.

  

3.     Debenture Administration
The Issuer designates www.arbitrawallet.net as the administrator of the debentures issued under this Agreement. All deposits made to the Arbitrawallet must use the name of the Holder (Arbitrawallet.net user) or the Arbitrawallet transaction reference number. The Holder acknowledges that www.arbitrawallet.net is not responsible for the performance of the Issuer under this Agreement, and that the Holder's sole recourse for any failure by the Issuer to perform its obligations under this Agreement is against the Issuer. The debenture certificate may be issued to the bearer, but the user's ZAR Wallet in www.arbitrawallet.net shall remain the primary debenture electronic certificate, and the bearer will be the registered user using the ZAR Wallet in the dashboard. Even if the debenture certificate is issued, the ZAR Wallet will remain the primary debenture certificate of this Debentures. There is no registered Debenture Holder's Trust at present, and one may be formed at the discretion of the Board of Directors when it is deemed economical to establish. This decision is not intended to avoid any laws or regulations but is due to administrative limitations and inability to afford the Debenture Holder Trust board. The Company reserves the right to offer profit sharing to debenture holders through various trading activities, including securities, cryptocurrencies, and any other business trading activities. The profit sharing will be at the discretion of the Board of Directors and subject to their approval.

  

4.     Wallet Allocation 

This Agreement shall become effective as soon as the ZAR Wallet at www.arbitrawallet.net  is allocated to the Holder, and the Holder shall automatically become a debenture holder upon allocation of the ZAR Wallet.

  

5.     Debenture Termination 

This Agreement shall terminate automatically upon withdrawal of ZAR Wallet from www.arbitrawallet.net, or if the ZAR Wallet is closed by the Holder. The Issuer may terminate the debentures at any time by refunding the deposited amount with or without interest paid to the Holder. Upon a withdrawal request by the client, this agreement shall be terminated, and all profits generated by the company shall be automatically withdrawn and transferred to the client's designated bank account. The company shall have no further obligations to the client following the termination of this agreement. 

 

6.     Limitation of Liability 

The Holder acknowledges and agrees that the debentures are issued for the benefit of the Issuer, and not for the benefit of any director or employee of the Issuer. The Holder agrees that neither the Issuer nor any of its directors or employees shall be liable to the Holder for any loss of income or loss of interest resulting from the purchase or ownership of the debentures.

 The Holder acknowledges that debentures are a risky form of investment and may not be suitable for all investors. The Holder is advised to consult with their legal or financial adviser before purchasing the debentures.

The Holder agrees to indemnify and hold harmless the Issuer and its directors and employees from and against any and all claims, liabilities, damages, costs, and expenses arising from or in connection with the purchase or ownership of the debentures, except to the extent such claims, liabilities, damages, costs, and expenses are caused by the gross negligence or willful misconduct of the Issuer.

This limitation of liability shall survive the termination of this Agreement.

  

7.     Non-Deposit Taking Institution 

The Holder acknowledges and agrees that by purchasing the debentures, the Issuer is not becoming a deposit-taking institution or organization. The debentures are issued by the Issuer in accordance with the South African Companies Act, which allows the Issuer to raise capital for its business operations. The Holder agrees that the purchase of the debentures does not constitute a deposit, and the Holder shall have no rights as a depositor with respect to the Issuer or any of its assets. The Holder acknowledges that the debentures are not insured by any governmental or private insurance agency.

The Holder agrees to assume the risk of loss associated with the purchase of the debentures, and hereby releases the Issuer and its directors and employees from any and all claims, liabilities, damages, costs, and expenses arising from or in connection with the purchase or ownership of the debentures.

This clause shall survive the termination of this Agreement.

 

8.     Use of ZAR Wallet Funds 

The Holder acknowledges and agrees that all funds deposited in the ZAR Wallet may be transferred to the Arbitrawallet or any other ewallet, which is a cryptonized wallet that engages in cryptocurrency arbitration. The Holder acknowledges that the Arbitrawallet's activities are speculative and involve a high degree of risk, and that there is no guarantee of profit or loss on the Arbitrawallet.

The Holder agrees to utilize the funds transferred to the Arbitrawallet to trade and engage in asset administration and management, equity sales and purchases, securities trade and private equity transactions, cryptocurrency arbitration, and acknowledges that any profit or loss generated from such activities shall be solely the responsibility of the Holder.

The Holder acknowledges and agrees that any profit generated from the Arbitrawallet shall be shared with the Holder of the debenture. The Holder agrees that 50% of the profit shall be allocated to the ZAR Wallet, subject to agent commissions and transactional fees. The remaining 50%(fifty percent) of the profit shall be retained by the Holder.

The Holder acknowledges and agrees that the Agent may deduct agent commissions and transactional fees from the profit generated by the Arbitrawallet before allocating the remaining 50% to the ZAR Wallet. The Holder agrees to pay any applicable taxes or fees associated with the profit generated from the Arbitrawallet.

 

9.     Dispute Resolution
In the event of any dispute arising out of or in connection with this Agreement, the Parties agree to attempt to resolve the matter amicably through mutual consultation.

The grieving party shall, in writing, contact the other party and offer a resolution for the matter, giving the other party 30 days' notice. The Parties shall hold a meeting, either online or in person, to try and resolve the matter. The Parties agree to hold a minimum of three meetings to attempt to resolve the issue.

If the Parties are unable to resolve the matter amicably, the grieving party may issue a notice of arbitration, at least 60 days prior to the intended commencement of the arbitration proceedings, to be conducted by Arbitration South Africa.

The Parties agree that any dispute referred to arbitration shall be conducted in accordance with the rules of Arbitration South Africa, and that the decision of the arbitrator shall be final and binding on the Parties.

If the grieving party is the Issuer, then the Issuer shall have the right to close, suspend, or terminate this Agreement without recourse to arbitration.

  

10.Activation of Agreement
 This Agreement shall be deemed effective and binding on the Parties as of the date on which a person registers for a user account on www.arbitrawallet.net and a username is allocated with ZAR Wallet.

The Holder shall create a username for www.arbitrawallet.net upon registration and shall be bound by the terms of this Agreement upon activation of their account.

The Parties agree that this Agreement shall be published on www.arbitrawallet.net and may be accessed and downloaded by the Holder at any time. The Holder acknowledges that they have read and understood the terms of this Agreement prior to activating their account on www.arbitrawallet.net.

 The Parties acknowledge that this Agreement shall constitute a legally binding agreement between the Parties and shall be enforceable in accordance with its terms and the laws of the Republic of South Africa.


11.Know Your Customer (KYC)

As a responsible Issuer, NTC Global Trade Fund requires that all Holders submit their Know Your Customer (KYC) or Financial Intelligence Centre Act (FICA) documentation in accordance with applicable laws and regulations. Such documentation shall include, but not be limited to, a copy of identification, proof of residence, a selfie with proof of ID, and any other documentation that may be required by law.

 The Issuer is also subject to Anti-Money Laundering (AML) laws and regulations and may limit the usage of a User's account until KYC or FICA documentation has been received and verified by the Issuer.

 The Holder acknowledges and agrees to provide all necessary documentation and information as required for the KYC and FICA processes and to keep such information up-to-date. The Holder also acknowledges and agrees to provide any additional information as may be required by law from time to time.

The Parties agree that the Issuer may use and share such information as necessary for compliance with applicable laws and regulations, and that the Issuer may disclose such information to any relevant regulatory or law enforcement authority if required by law.

 

12.Changes to Agreement 

The Issuer reserves the right to modify or amend the terms and conditions of this Agreement without prior notice to the Holder. Such modifications or amendments may be made at any time and will be effective immediately upon publication of the updated terms and conditions on the www.arbitrawallet.net website.

The Holder acknowledges and agrees that it is their responsibility to review the Agreement periodically and to be aware of any changes made by the Issuer. Continued use of the ZAR Wallet and holding of the debenture after any such modifications or amendments shall constitute the Holder's acceptance of the updated terms and conditions.

The Holder further acknowledges and agrees that any modifications or amendments to the terms and conditions of this Agreement may be necessary to comply with changes in the South African Companies Act or other applicable laws and regulations.

The Parties agree that the Issuer shall not be held liable for any losses or damages incurred by the Holder as a result of any modifications or amendments to the terms and conditions of this Agreement.

 

13.Governing Law
This Agreement shall be governed by and construed in accordance with the laws of South Africa.


14.Entire Agreement
This Agreement represents the entire agreement between the Issuer and the Holder with respect to the debentures issued hereunder, and supersedes all prior or contemporaneous agreements, understandings, or representations, whether written or oral. This Agreement may not be amended except in writing signed by both parties.

 

15.Electronic Legal Binding Documentation
The Parties agree that this Agreement and any other documentation related to the ZAR Wallet and the issuance of debentures by the Issuer may be published and exchanged electronically.

The Parties acknowledge that no physical signature is required for the electronic execution of this Agreement, and that the acceptance of the terms and conditions of this Agreement is evidenced by the registration for a user account on the www.arbitrawallet.net website and the allocation of a username.

The Parties agree that this Agreement and any other electronic documentation related to the ZAR Wallet and the issuance of debentures shall have the same legal effect as if they were in physical written form and signed by both Parties.

The Parties acknowledge that they have the necessary technology and equipment to access and use the www.arbitrawallet.net website, and that they have carefully reviewed and understand the terms and conditions of this Agreement before registering for a user account and holding debentures in the ZAR Wallet.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

 

NTC Global Trade Fund                                                                              Debenture Holder

Authorized Electronically no signature required  

Last updated 20 April 2023 V2.13


PUBLIC ANNOUNCEMENT!!!


Subject: Public Announcement on NTC Fund Debentures


We are excited to inform you of an exciting development that has taken place at NTC Global Fund Trade ("NTC Fund"). The Board of Directors has increased the net asset value of our debentures from R0.001 to R1.50 per debenture. In order to increase liquidity for the NTC Fund, we will be increasing the number of debentures from 12,000,000 to 200,000,000 at a price of R1.50 per debenture. This increase the liquidity of the fund to be at R300,000,000.00. 


The increase of debentures from 12,000,000 to 200,000,000 at a price of R1.50 per debenture will raise R300,000,000 for the NTC Fund. This increase in liquidity will allow NTC Fund to participate in more cryptocurrency arbitrage trading and maximize the Arbitrawallet trading bond. As a result, this will potentially lead to an increase in profits for the NTC Fund, which can then be distributed to debenture holders at ZAR Wallet in Arbitrawallet.net.


Debenture holders who invested in the NTC Fund will benefit from this increase in liquidity as it may lead to higher profits and potentially higher interest rates on their investments. The increase in liquidity also means that there is a lower risk of default on the debentures. Therefore, the debenture holders can be assured that their investments are safe and secure.


Furthermore, the new debenture offer still provides an interest rate of 1% per annum, which means that debenture holders will continue to receive regular interest payments on their investments. In summary, the increase in liquidity through the new debenture offer will benefit debenture holders by potentially increasing profits, lowering the risk of default, and maintaining the regular interest payments.


This increment will ensure that trading cryptocurrencies Arbitrage trading will be increased with the liquidity provider in order to maximize on the Arbitrawallet trading bond. This means that NTC Fund will increase the value of its liquidity with the merchant bank liquidity provider, which will ultimately increase profitability for our investors.


The new debenture offer will still be at 1% interest rate per annum, and the original debenture agreement is still valid and in place. We encourage you to read the debenture agreement, which can be found on our website at arbitrawallet.net under policy.


For those who may be wondering how this new debenture offer will assist ZAR Wallet holders who are debenture holders as per the Debenture agreement on the Arbitrawallet.net, let me explain. The increased liquidity in NTC Fund will result in more trading opportunities, which can increase profits for our investors. Additionally, the increased value of our debentures will lead to a higher net asset value, which can provide better returns for our investors.


In conclusion, the NTC Fund Board of Directors is confident that this new development will be beneficial for our investors. If you have any questions or concerns about this new debenture offer, please do not hesitate to contact us.


Best regards,


NTC Fund Investor Relations

Dated: 18 April 2023 @11:00 


Authorized Electronically no signature required  

Last updated 18 April 2023 V2.13

 

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