Fundnel, as the ECF platform, will submit the application to MyCIF to be reviewed and approved. Upon approval, instructions are given to Maybank Trustee Berhad (“MTB”), as trustee acting on behalf of MyCIF, to deposit funds into Fundnel’s trust account, as required by the Securities Commission.

MyCIF funds can be expected to be disbursed from Fundnel’s trust account to the applicant company once all the conditions precedent stated in the Engagement Letter between Fundnel and the company (“Conditions Precedent”) are fulfilled.

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