# EDGAR Filing Document

**Accession Number:** 0001862935
**File Stem:** 0001493152-25-020539
**Filing Date:** 2025-11
**Character Count:** 38505
**Document Hash:** a1335c6eb88468c44eafb8f6df594b7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-020539.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001493152-25-020539

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20251103

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Currenc Group Inc.
- **CENTRAL INDEX KEY:** 0001862935
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41079
- **FILM NUMBER:** 251442160

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 410 NORTH BRIDGE ROAD
- **STREET 2:** SPACES CITY HALL
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 188726
- **BUSINESS PHONE:** 917-519-3948

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 410 NORTH BRIDGE ROAD
- **STREET 2:** SPACES CITY HALL
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 188726

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** InFinT Acquisition Corp
- **DATE OF NAME CHANGE:** 20210518

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

For the month of November 2025

Commission File No. 001-41079

**Currenc Group Inc.**

(Translation of registrant's name into English)

**410 North Bridge Road, Spaces City Hall, Singapore**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F ☒ Form 40-F ☐

**Information Contained in this Report**

On November 2, 2025, Currenc Group Inc. (Nasdaq: CURR) ("Currenc" or the "Company") entered into a non-binding term sheet (the "Term Sheet") with Animoca Brands Corporation Limited ("Animoca Brands") in relation to a business combination between Currenc and Animoca Brands wherein Currenc would acquire 100% of the issued shares of Animoca Brands by way of an Australian scheme of arrangement (the "Proposed Merger"). The parties currently expect, if the Proposed Merger is completed, that the combined company would operate under the Animoca Brands name.

A copy of the Company's press release dated November 3, 2025 announcing the Proposed Merger is furnished as Exhibit 99.1 to this Report on Form 6-K. A copy of the Term Sheet is furnished as Exhibit 99.2 to this Report on Form 6-K. The Term Sheet is non-binding and the terms described therein remain subject to the negotiation and execution of definitive documentation. The descriptions of the Term Sheet and the Proposed Merger in this Report on Form 6-K and in Exhibit 99.1 do not purport to be complete and are qualified in their entirety by reference to the Term Sheet furnished as Exhibit 99.2 and to the definitive agreements, if and when executed.

This Report on Form 6-K, including Exhibits 99.1 and 99.2 hereto, contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements include, among other things, statements regarding the Proposed Merger, the anticipated structure and timing of the Proposed Merger, expected ownership percentages, listing and governance expectations, contemplated restructuring and divestiture activities, and pre-closing financing activities. Important factors that could cause actual results to differ materially are included in Currenc's filings with the U.S. Securities and Exchange Commission. Currenc undertakes no obligation to update any forward-looking statements except as required by applicable law.

The information furnished in this Report on Form 6-K, including Exhibits 99.1 and 99.2 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such a filing.

**No Offer or Solicitation**

This filing is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed business combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

**INDEX TO EXHIBITS**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated November 3, 2025, titled "Currenc Group Announces Proposed Reverse Merger with Animoca Brands Corporation Limited".](ex99-1.htm) |
| 99.2 | [Term Sheet for the Proposed Acquisition of the Entire Equity Interest of Animoca Brands Corporation Limited, dated November 2, 2025, by and between Currenc Group Inc. and Animoca Brands Corporation Limited.](ex99-2.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 3, 2025

---

| | |
|:---|:---|
| **CURRENC GROUP INC.** | **CURRENC GROUP INC.** |
| By: | */s/ Wan Lung Eng* |
| Name: | Wan Lung Eng |
| Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Currenc Group Announces Proposed Reverse Merger with Animoca Brands Corporation Limited**

*Proposed merger to create the world's first publicly-listed digital assets conglomerate*

SINGAPORE, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) ("Currenc" or the "Company"), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has entered into a non-binding term sheet (the "Term Sheet") with Animoca Brands Corporation Limited ("Animoca Brands") in relation to a potential proposal for Currenc to acquire 100% of Animoca Brands' issued shares via a reverse merger (the "Proposed Merger").

Upon completion, the Proposed Merger is expected to result in a Nasdaq-listed company with a global growth strategy spanning digital asset investments and services, real-world asset (RWA) tokenization, and blockchain applications for both consumers and institutions. Under the proposed structure, shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the resulting entity, and current shareholders of Currenc would hold approximately 5%. Currenc expects to authorize a dual-class share structure in connection with the transaction, and following closing, the board is expected to include nominees of both companies. The resulting entity is expected to operate under the Animoca Brands name.

The parties currently expect closing to occur in 2026, subject to shareholder and regulatory approvals and other customary conditions.

Animoca Brands is widely recognized as a global leader in the digital asset ecosystem, distinguished by its diversified investment portfolio of more than 600 companies across digital asset verticals such as RWA, AI, gaming, blockchain infrastructure, and decentralized finance. Animoca Brands' digital asset treasury includes BTC, ETH, SOL, MOCA, SAND, and EDU, among a wide range of other altcoin assets, as well as investments in leading digital asset companies such as Ledger, Kraken, Igloo, Consensys, Humanity Protocol, and LayerZero. Animoca Brands also participates in a joint venture focused on launching a regulated stablecoin, and has partnered with Provenance Blockchain Labs to develop NUVA, a platform for accelerating access to RWAs, underscoring its institutional-grade approach to compliant Web3 infrastructure.

Alex Kong, Founder, CEO, and Executive Chairman of Currenc Group, said, "The proposed merger with Animoca Brands represents a milestone for Currenc. This proposed transaction provides a compelling path forward for the evolution of both companies and would unlock significant value for our shareholders. We are excited to facilitate this evolution, which will give our investors ownership in a global leader at the forefront of the digital asset economy."

Yat Siu, Co-founder and Executive Chairman of Animoca Brands, commented, "The proposed merger of Animoca Brands and Currenc will result in the world's first publicly-listed, diversified digital assets conglomerate, giving investors on Nasdaq direct access to the growth potential of the trillion-dollar altcoin digital economy through a single, diversified vehicle spanning DeFi, AI, NFTs, gaming, and DeSci. We believe that this proposed transaction would usher in a new asset class that should position investors at the forefront of one of the greatest opportunities of our generation."

In connection with the Proposed Merger, Currenc intends to divest some of its existing business operations, which include AI-powered solutions for financial institutions and a digital remittance platform. These operations are expected to be spun off to Currenc's current shareholders prior to the closing of the merger.

The Proposed Merger will be completed by way of an Australian scheme of arrangement, and remains subject to due diligence, the execution of definitive agreements, shareholder and regulatory approvals, and other customary closing conditions, including required stock exchange approvals and completion of applicable financial reporting. Both companies have agreed to a three-month exclusivity period to finalize terms and proceed toward a definitive implementation agreement, subject to customary fiduciary duties.

**About Currenc Group Inc.**

Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company's digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

**About Animoca Brands**

Animoca Brands Corporation Limited (ACN: 122 921 813) is a global digital assets leader building blockchain and tokenized assets to advance the future of Web3 innovation. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times' High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands is recognized for building digital asset platforms such as the Moca Network, Open Campus, and The Sandbox, as well as institutional grade assets; providing digital asset services to help Web3 companies launch and grow; and investing in frontier Web3 technology, with a portfolio of over 600 companies and altcoin assets. For more information visit www.animocabrands.com or follow on <u>X</u>, <u>YouTube</u>, <u>Instagram</u>, <u>LinkedIn</u>, <u>Facebook</u>, and <u>TikTok</u>.

**Safe Harbor Statement**

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Any pre-closing financings or the Proposed Merger are subject to conditions and may not occur, and any such financings are not expected to affect the relative ownership percentages described above. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

**Investor & Media Contact**

Currenc Group Investor Relations

Email: <u>investors@currencgroup.com</u>

SOURCE: Currenc Group Inc.

## Exhibit 99.2

**Exhibit 99.2**

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| | |
|:---|:---|
| ![](ex99-2_001.jpg) | Animoca Brands Corporation Limited<br> 28/F Landmark South<br> 39 Yip Kan St, Wong Chuk Hang, Hong Kong<br> www.animocabrands.com<br>|

---

**TERM SHEET**

**FOR**

**THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST<br> OF<br> ANIMOCA BRANDS CORPORATION LIMITED**

2 November, 2025

This term sheet (this "**Term Sheet**") summarizes the principal terms of a proposed acquisition by Currenc Group, Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands (the "**Purchaser**") of all the equity interest of Animoca Brands Corporation Limited (ACN 122 921 813) (the "**Company**") by way of a scheme of arrangement, pursuant to which the shareholders of the Company would receive one (or more or less, as the case may be) Purchaser share in consideration for each share of the Company held by them (the "**Proposed Transaction**"), and is provided for discussion purposes only. In consideration for the time and expense devoted and to be devoted by each of the parties to this Term Sheet with respect to the Proposed Transaction, the Warranties, Termination, Blackout Period, Costs, Confidentiality, No Announcements, Counterparts, Governing Law, Arbitration and Exclusivity provisions of this Term Sheet shall be binding obligations on each of the parties, regardless of whether the Proposed Transaction is consummated. No other legally binding obligations will be created until further definitive agreements are executed by the parties. This Term Sheet is not a commitment to consummate the Proposed Transaction.

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| | |
|:---|:---|
| **<u>Proposed Transaction</u>** | **<u>Proposed Transaction</u>** |
| ***Purchaser:*** | Currenc Group Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands, with its shares listed on the NASDAQ-GM under the ticker "CURR". The group of companies to which the Purchaser belongs will be referred to as the "**Purchaser Group**". |
| ***Company:*** | Animoca Brands Corporation Limited (ACN 122 921 813), an Australian public company. The group of companies to which the Company belongs will be referred to as the "**ABCL Group**". |
| ***Transaction Structure:*** | The Purchaser shall make an offer for the purchase of the entire share capital of the Company by way of a scheme of arrangement in accordance with all applicable laws, regulations and rules, including but not limited to Chapter 6 of the *Corporations Act 2001* (Cth) and any policies of the Australia Securities and Investments Commission and Australian Takeovers Panel (the "**Scheme**"). The Purchaser, after acquiring the entire share capital of the Company pursuant to the Scheme, shall be referred to as the "**Merged Entity**" and such group of companies of which the Merged Entity forms part, the "**Merged Group**").<br>Following Closing (as defined below), the shareholders of the Company immediately prior to Closing (the "**Pre-Closing ABCL Shareholders**") will collectively own 95% of the outstanding shares of the Merged Entity and the shareholders of the Purchaser (assuming the conversion of all convertible securities and exercise of all rights to acquire shares of the Purchaser, including any convertible securities issued after the date hereof but prior to the Closing) immediately prior to Closing (the "**Pre-Closing CURR Shareholders**") will collectively own 5% of the outstanding shares of the Merged Entity. |
| ***Pre-Closing Company Financing:*** | Following the announcement of the Proposed Transaction and prior to Closing, the Company shall engage in a bona fide transaction or series of transactions with the purpose of raising capital, pursuant to which the Company issues up to fifteen percent (15%) of its then-issued and outstanding share capital in equity securities or convertible securities (the "**Pre-Closing Company Financing**"); <u>provided</u>, <u>however</u>, that such transaction or transactions shall not result in a change to the exchange ratios set forth herein. |
| ***Pre-Closing Purchaser Financing:*** | Following the announcement of the Proposed Transaction and prior to Closing, the Purchaser may engage in one or more bona fide transactions or series of transactions for the purpose of raising capital, discharging indebtedness or otherwise, in any amount as the Purchaser may deem to be reasonable or appropriate (the "**Pre-Closing Purchaser Financing**"); <u>provided</u>, <u>however</u>, that such transaction or transactions shall not result in a change to the exchange ratios set forth herein. |
| ***Securities:*** | The outstanding share capital of the Company comprises ordinary shares ("**ABCL Shares**").<br>The outstanding share capital of the Purchaser comprises ordinary shares ("**Ordinary Shares**"),<br>(all such shares, the "**Securities**"). |

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| | |
|:---|:---|
| ***Consideration:*** | The consideration payable by the Purchaser will be as follows: |

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● in
 respect of the ABCL Shares held by any Pre-Closing ABCL Shareholders other than Yat Siu and his controlled entities, the Purchaser
 will issue Ordinary Shares based on a ratio to be agreed between the parties; and

● in
 respect of the ABCL Shares held by Yat Siu and his controlled entities, the Purchaser will issue Additional Class Shares (as defined
 below) based on a ratio to be agreed between the parties.

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| | |
|:---|:---|
| ***Closing:*** | The consummation of the Proposed Transaction ("**Closing**") is intended to take place in the third quarter of 2026, subject to the satisfaction of certain conditions precedent. |

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| | |
|:---|:---|
| ***Long Stop Date:*** | Closing must occur on or before 31 December 2026 (the "**Outside Date**") but may be extended by an extra 6 months upon mutual agreement. |
| ***Conditions Precedent:*** | Closing will be subject to the satisfaction of certain conditions precedent, including: |
|  | Conditions precedent to the obligations of the Purchaser: |

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● completion
 of financial and legal due diligence on the Company to the satisfaction of the Purchaser;

● the
 entry into the definitive documents;

● all
 authorisations, consents, approvals, resolutions, licences, exemptions, filings or registrations (collectively, "**Authorisations** ")
 necessary to implement the Scheme having been obtained;

● no
 restraints issued by a court of competent jurisdiction or government agency preventing or materially restricting the Scheme being
 in existence;

● approval
 from the shareholders of the Company of the Scheme;

● the
 Restructuring (as defined below) having been completed, including, to the extent necessary and applicable, the receipt of any approvals
 of the shareholders of the Purchaser and any relevant regulatory authorities for the Restructuring;

● the
 absence of any one or more events or changes that have had or would reasonable be expected to have a material adverse effect on the
 condition, business, assets, liabilities or results of operations of the ABCL Group as a whole, <u>provided</u>, <u>however</u>,
 that none of the following shall be considered to have material adverse effect on the ABCL Group: (i) any change in law or accounting
 standards; (ii) any change in business or financial market conditions generally; (iii) any change in economic, regulatory or political
 conditions generally; or (iv) any change relating to the crypto industry generally;

● the
 Company having lodged with the Australia Securities and Investments Commission its audited financial statements for the financial
 years ended 31 December 2022, 31 December 2023, 31 December 2024 and 31 December 2025 (the "**AFS Condition** "); and

● the
 absence of any (i) changes to the share capital of the Company (including any alterations of share capital and the reclassification,
 combination, splitting, redemption or repurchase of any of their respective shares), except for such changes resulting from the Pre-Closing
 Company Financing, the grant of equity compensation to directors, officers and employees of the ABCL Group under the Company's
 equity incentive plans, the conversion of any convertible securities and warrants for shares of the Company, the issuance of shares
 in connection with transactions or arrangements entered into on arm's-length terms and any other changes contemplated by the
 Proposed Transaction (ii) amendments to the constitutional documents of the Company, except for any amendments contemplated by the
 Proposed Transaction; (iii) the grant of a security interest over the whole, or a substantial part of, the business or property of
 the Company; (iv) any insolvency event in respect of any material member of the ABCL Group and (v) and any other customary exclusions.

 Conditions precedent to the obligations of the Company:

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| | |
|:---|:---|
| ***Restructuring:*** | The Purchaser shall engage in a restructuring exercise involving the assets, subsidiaries and relationship of the Purchaser Group (the "**Restructuring**"), which Restructuring shall include a carve-out or spin-off transaction of certain of such assets and/or subsidiaries of the Purchaser Group; <u>provided</u>, <u>however</u>, that (i) the Company shall be regularly informed and consulted on the terms of any Restructuring; and (ii) such terms are documented at least 30 days prior to lodgement of a draft scheme booklet by the Company with the Australian Securities and Investments Commission. Notwithstanding the foregoing, no Restructuring may be consummated without the consent of the Company if, in the Company's reasonable discretion upon the advice of counsel, (i) the terms of the Restructuring would materially impair the ability of the Purchaser to consummate the Proposed Transaction by the Outside Date; (ii) such Restructuring would likely render the Purchaser to become a shell company as defined under the relevant regulations of the Securities and Exchange Commission ("**SEC**") or require any registration statement to be filed with the SEC in connection with the Proposed Transaction; or (iii) such Restructuring would have any material adverse consequence for the Purchaser Group from implementation of the Proposed Transaction (such as creating any residual liability). |
| ***Pre-Closing Conduct:*** | Following the execution of the definitive agreements, the Purchaser shall, among other things, (i) conduct its business and operations in the ordinary course consistent with past practice; (ii) keep the Company informed of any material developments concerning its business; (iii) provide the Company with its consolidated quarterly management accounts; and (iv) except as expressly contemplated hereby, including through a Restructuring, preserve and maintain the value of its businesses and assets; <u>provided</u>, <u>however</u>, that such obligations include preserving and maintaining its status as a company listed on NASDAQ.<br>Following the execution of the definitive agreements, the Company shall, among other things, (i) conduct its business and operations in the ordinary course consistent with past practice; (ii) keep the Purchaser informed of any material developments concerning its business; (iii) provide the Purchaser with its consolidated quarterly management accounts; and (iv) preserve and maintain the value of its businesses and assets. |

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| | |
|:---|:---|
| **<u>Additional Terms</u>** | **<u>Additional Terms</u>** |
| ***Board of Directors:*** | The Purchaser shall take all necessary steps (including procuring the relevant individuals to resign from the board of directors of the Merged Entity (the "**Board**")) to ensure the following individuals are appointed as the Purchaser's directors: |

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 The Board of the Merged Entity shall consist of up to 5 directors.

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| | |
|:---|:---|
| ***CURR Employees:*** | The Purchaser shall take all necessary steps to ensure that, to the extent that a Restructuring is undertaken, it identifies any key employees which are to be retained for the business and operations of the Purchaser Group post-Restructuring (which may be done through a transition services agreement between the remaining members of the Purchaser Group and those members of the Purchaser Group which have been divested in connection with such Restructuring). |
| ***Break Fee:*** | Subject to certain carve outs to be agreed, a Break Fee (as defined below) will be payable by a party (the "**Defaulting Party**") to the other party (the "**Non-Defaulting Party**") if: |

---

● any
 director of the Defaulting Party effectively changes their recommendation (customary drafting);

● the
 Defaulting Party materially breaches the definitive transaction agreement;

● the
 Defaulting Party fails to satisfy a condition precedent (as set out above in the Conditions Precedent section) for which it is responsible,
 save that the Company's failure to satisfy the AFS Condition shall not entitle the Purchaser to the Break Fee; or

● the
 Defaulting Party taking any acts or steps within their reasonable control to cause the failure of the consummation of the Proposed
 Transaction, save that any acts or steps taken than pursuant or in accordance with the Fiduciary Exception,

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| | |
|:---|:---|
|  | provided that if the Company is the Defaulting Party, the Company shall be entitled to deduct from the Break Fee an amount equal to all of the quarterly reimbursements paid in respect of Reimbursable Expenses. Following such deduction, the Purchaser shall be deemed to have performed its obligation to repay any such quarterly reimbursements.<br>The maximum aggregate liability of a party to the other party for any breach or repudiation of the definitive agreements will be an amount equal to the break fee.<br>If either the Company or the Purchaser receive a Superior Proposal, the party receiving the Superior Proposal shall promptly (subject to law and confidentiality) notify the other of material terms and afford a five (5) US business day match right (any material change restarts a three (3) US business day match). The foregoing shall not affect any Fiduciary Exemption (as defined below).<br>"**Break Fee**" means (i) where the Company is the Defaulting Party, US$5,000,000; and (ii) where the Purchaser is the Defaulting Party, US$2,750,000.<br>"**Superior Proposal**" means bona fide written proposal for all or substantially all of a party's equity or assets that such party's board determines in good faith, after consultation with its financial and legal advisors, to be more favorable to its shareholders than the Proposed Transaction, taking into account value, terms, certainty and timing.<br>|
| ***Stamp duty:*** | The Purchaser will pay all duty, if applicable, in respect of the definitive agreements or the Scheme or the steps to be taken under the definitive agreements or the Scheme. |
| ***Voting undertaking:*** | Alexander Kong shall provide an irrevocable undertaking to vote in favour of any transaction or matter as contemplated by the Proposed Transaction and which require the Purchaser's shareholder approval. |
| **<u>Miscellaneous</u>** |  |
| ***Warranties:*** | Each signatory to this Term Sheet makes the following warranties to other signatories: |

---

● where
 the signatory is a body corporate, it is duly incorporated and validly existing under the law of its jurisdiction of incorporation;

● where
 the signatory is an individual, he has reached the age of majority in his jurisdiction of domicile and is of sound mind;

● the
 obligations expressed to be assumed by him/it under this Term Sheet are legal, valid, binding and enforceable obligations;

● he/it
 shall observe and comply with all applicable laws and regulations in the performance of his/its binding obligations under this Term
 Sheet and the dealing of any Securities;

● the
 entry into and performance by him/it of the binding provisions of this Term Sheet do not and will not conflict with (i) any law or
 regulation applicable to it; (ii) its constitutional documents (if applicable) or (iii) any agreement or instrument binding on him/it;
 and

● it
 has the power to enter into, perform and deliver, this Term Sheet.

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| | |
|:---|:---|
| ***Termination:*** | This Term Sheet will automatically terminate and be of no further force and effect on the execution of the definitive agreements.<br>This Term Sheet may be terminated: |

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 For the avoidance of doubt, no Break Fee shall be payable in connection with the termination of this Term Sheet.

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| | |
|:---|:---|
| ***Costs:***<br> ****<br> **** | The Company shall bear its own costs and expenses in connection with the negotiation, execution and delivery of this Term Sheet and the pursuit of the Proposed Transaction.<br>Subject to the entry into the definitive documents, the Company shall reimburse the Purchaser, on a quarterly basis, fifty percent (50%) of Reimbursable Expenses (as defined below) actually incurred during the preceding three (3) months. Each quarterly reimbursement shall be payable within forty-five (45) calendar days after the Company's receipt of an invoice for such quarter, which invoice shall include reasonable documentary evidence of the incurrence of the applicable Reimbursable Expenses, provided that the Purchaser shall not issue any invoice until the entry by the Purchaser and the Company into the definitive documents. For the purposes of this Section, reasonable documentary evidence shall include true copies of the invoices issued by the Purchaser's third-party service providers containing, in reasonable detail, narratives describing the nature of the cost and expense incurred by the third-party service provider.<br>If the Proposed Transaction is terminated or otherwise fails to consummate by the Outside Date for any reason, the Purchaser shall, within five (5) calendar days after such termination or the Outside Date (as applicable), repay to the Company all quarterly reimbursements previously received, and any unpaid invoices for Reimbursable Expenses shall be cancelled. The Company may effect repayment by set-off against any amounts otherwise owing by the Company to the Purchaser, to the extent permitted by applicable law.<br>This Section shall survive termination of this Term Sheet and shall apply whether or not the Proposed Transaction is consummated; <u>provided</u>, <u>however</u>, that this Section shall cease to be binding to the extent the Company assumes an identical reimbursement obligation in the definitive agreements.<br>"**Reimbursable Expenses**" means the Purchaser's reasonable third-party out-of-pocket fees and expenses incurred (i) from the date hereof until the earlier of termination or Closing and (ii) in connection with the Proposed Transaction (including due diligence, attorneys' fees, other advisors and regulatory filings), but shall exclude any costs and expenses incurred in connection with the Restructuring. |
| ***Confidentiality:*** | The terms and conditions of this Term Sheet, including its existence, shall be confidential information and shall not be disclosed to any third party without the mutual agreement of the partes, except that each party may disclose the terms and conditions described in this Term Sheet to their respective officers, directors, partners, employees, attorneys and other advisors, provided that such persons agree to the confidentiality restrictions contained herein, or as required by applicable law. |
| ***No Announcement:*** | Neither party shall make any announcement about the Proposed Transaction prior to the execution of the definitive agreements without the prior written consent of the other party except to the extent required by any applicable laws, regulations or rules of any governmental or regulatory authority or stock exchange (including, without limitation, the U.S. Securities and Exchange Commission and The Nasdaq Stock Market) (collectively, "**Applicable Requirements**"). Within four (4) US Business Days of the execution of this Term Sheet, the parties will, subject to any applicable laws, regulations or rules of a stock exchange, make a joint announcement of the Proposed Transaction, with the content and manner of such announcement to be agreed between the parties (the "**Joint Announcement**").<br>Simultaneous with the Joint Announcement, the Purchaser shall make any other public announcements or filings (including, without limitation, Form 6-K) with any relevant government or regulatory authority or stock exchange in connection with the execution of this Term Sheet as required by applicable laws, regulations or rules of a stock exchange.<br>Notwithstanding the foregoing, the Purchaser may (i) make any public announcement, filing or notification (including, without limitation, any Form 6-K (or Form 8-K, if applicable), press release, Regulation FD disclosure, or advance notice to Nasdaq) that it determines, in good faith after consultation with counsel, is reasonably required to comply with the Applicable Requirements or to correct or prevent a false market or unusual market activity, and (ii) respond to inquiries from, or requests by, any governmental or regulatory authority or stock exchange; <u>provided</u> that, to the extent practicable and permitted by law, the Purchaser shall (A) provide the Company with reasonable advance notice of the proposed disclosure, (B) consult in good faith with the Company regarding the content and timing of such disclosure and provide the Company a reasonable opportunity to review and comment thereon, (C) consider in good faith any comments provided by the Company, without any obligation to accept such comments, and (D) limit any such disclosure to that which is legally required.<br>"**US Business Day**" means any day of the week other than Saturday or Sunday (excluding Federal holidays observed in the United States). |
| ***Counterparts:*** | This Term Sheet may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be the same instrument. In the event that any signature is delivered by facsimile transmission or by email delivery of a ".pdf" or other similar format data file or in the event that said signature be an electronic or digital signature, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile page or ".pdf" signature or electronic or digital signature was an original thereof. |
| ***Governing Law:*** | This Term Sheet shall be construed and enforced in accordance with the laws of Victoria, Australia without giving effect to applicable conflicts of laws principles. |
| ***Arbitration:*** | Any dispute, controversy , difference, or claim arising out of or relating to this Term Sheet, including the existence, validity, interpretation, performance, breach, or termination thereof, or any dispute regarding non-contractual obligations arising out of or relating to it, shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre ("**HKIAC**") under the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted.<br>The law of this arbitration clause shall be Hong Kong law. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be one (1). The arbitration proceedings shall be conducted in English |

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|:---|:---|
| ***Exclusivity:*** | For a period of three (3) months from the date of this Term Sheet ("**Exclusivity Period**"): |

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 in each case, directly or indirectly:

 The restrictions set out above do not apply in circumstances where they would otherwise restrict the Company or the Purchaser, as the case may be, from responding to, pursuing and/or progressing an unsolicited Prohibited Transaction provided that the board of the Company and/or the Purchaser, as the case may be, has determined in good faith that:

 Each of the signatory agrees to notify the other signatories immediately if either of them receives any proposal, offer, inquiry or contact with respect to any Prohibited Transaction and the details of such proposal, offer, inquiry or contact including the identity of the potential counterparty and the terms of such proposal.

[*Signature Page Follows*]

This Term Sheet has been executed on the date shown on the first page.

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| | | | |
|:---|:---|:---|:---|
| **COMPANY** | **COMPANY** |  |  |
| **ANIMOCA BRANDS CORPORATION LIMITED** | **ANIMOCA BRANDS CORPORATION LIMITED** |  |  |
| By: | /s/ Christpher Whiteman | By: | /s/ David Brickler |
| Name: | Christopher Whiteman | Name: | David Brickler |
| Title: | Director | Title: | Director |

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| | | |
|:---|:---|:---|
| **PURCHASER** | **PURCHASER** |  |
| **CURRENC GROUP INC.** | **CURRENC GROUP INC.** | **ALEXANDER KONG KING ONG** |
| By: | /s/Alexander Kong King Ong | /s/ Alexander Kong King Ong |
| Name: | Alexander Kong King Ong |  |
| Title: | Chairman & CEO |  |

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