AGREED-UPON PROCEDURES REPORT ON ZARP TOKENS ISSUED BY
ZARP Stablecoin (PTY) LTD
To:
THE DIRECTORS
ZARP Stablecoin (Pty) Ltd
17 May 2022
Purpose of this Agreed-Upon Procedures Report and Restriction on Use and Distribution Our report is solely for the purpose of assisting the Directors in giving assurance to potential clients of ZARP Stablecoin (Pty) Ltd that for every ZARP token issued there is a corresponding collateral held in South African Rand in the Call Deposit account of ZARP Stablecoin (Pty) Ltd and Ovex (Pty) Ltd. This report is intended solely for the Directors of ZARP Stablecoin (Pty) Ltd and will also be placed on the website of Kempen Group. ZARP Stablecoin (Pty) Ltd will refer to this report on its website for potential clients to access and should not be used by, or distributed to, any other parties.
