Summary

DRI and DRH are presently engaged in an ongoing arbitration in relation to a dispute concerning their respective rights and obligations under a token merger agreement between the parties ("Token Merger Agreement"). Pursuant to the Token Merger Agreement, DRI, DRH and a third party agreed to merge their respective cryptocurrency tokens. On 15 August 2025, DRH filed an emergency relief application to restrain DRI from further converting and liquidating DRH's native tokens. On or about 20 August 2025, DRI filed its own emergency relief application against DRH. The emergency arbitrator ("Emergency Arbitrator") granted DRI's application and dismissed DRH's application. The Emergency Arbitrator rendered his partial final award ("PFA"), his amended partial final award ("APFA") and his second amended partial final award ("Second APFA") (collectively, "Awards").