Audit and verification. The Company shall have the right, once per calendar quarter, to request that the Manager transfer the AUM to the Audit Wallet for verification purposes. (a) The Company must provide the Manager with at least ten (10) Business Days’ prior written notice of such a request. The Manager shall provide weekly market making reports to the Company which shall contain information including the monthly market traded volume of the Ton tokens and the Ton token inventory at each week end. (b) The Manager shall transfer the AUM to the Audit Wallet on the agreed-upon date. (c) The Company shall have up to three (3) Business Days to complete its audit or verification. Upon completion, the Company shall immediately provide written instruction for the Manager to return the AUM to the Manager's custody wallets.
Appears in 2 contracts
Sources: Treasury Management Agreement (AlphaTON Capital Corp), Treasury Management Agreement (Portage Biotech Inc.)