1. These terms and conditions (“IPP Terms”) govern your participation in and obligations with respect to the Seller funded Credit Card Installment, which is facilitated by TikTok Pte. Ltd. in partnership with selected licensed financial service providers and banks in Thailand (hereinafter, the feature shall be referred to as “IPP Feature”).2. By turning on the IPP Feature on TikTok Shop Seller Center (via PC and/or Mobile Application), you hereby acknowledge that you have opt-in and agree to the following facilities to be offered to the Buyers in which they (buyers) can use Credit Card Installment to make a purchase of a Product on TikTok Shop platform, and the corresponding Credit Card Installment - Interest Rate charged by licensed financial service providers and banks will be charged to you:Minimum Item Price InformationNotes:i) The Credit Card Installment - Interest Rate charged by licensed financial service providers and banks is the fee for the Seller funded Credit Card Installment facility which is based on the corresponding tenure of installment.ii) As TikTok Shop is provided by TikTok Pte. Ltd. Under the Revenue Code Amendment Act (No.53) B.E. 2564 (2021), TikTok Pte. Ltd. is required to collect and remit VAT (Value Added Tax) on the platform service fees from non-VAT registered customers in Thailand.• If you are a seller that is a VAT registrant in Thailand and has provided VAT ID (13-digit number) to TikTok Shop. Once TikTok Shop has verified the VAT ID against the official database of Thai Revenue Department, then the IPP interest rate that TikTok Pte. Ltd. charges you will not include 7% Thai VAT.• If you are a seller that is not a VAT registrant in Thailand or TikTok Shop did not receive your valid VAT ID (13-digit number), then the IPP interest rate that TikTok Pte. Ltd. charges you will be inclusive of 7% Thai VAT. 3. All Credit Card Installment - Interest Rate which is payable by you under this plan shall be effected by setting off against funds/sales proceeds in your Seller account balance with TikTok Shop. In the event that your account balance is insufficient, TikTok Shop shall reserve the right to recover such amounts owing from you. TikTok Shop may, at its option, withhold all outstanding payables to you from your Seller account balance, or issue you an invoice for payment, and you shall pay such invoiced amount to TikTok Shop within thirty (30) calendar days from the data of invoice.4. The Credit Card Installment - Interest Rate charged under the Seller funded Credit Card Installment does not represent any other forms of fee charged by TikTok Shop. 5. TikTok Shop may, at its sole discretion, suspend, delay or discontinue the Seller funded Credit Card Installment for any reason and at any given point of time as it deems fit, or may revise these IPP Terms from time to time, you should check the latest IPP Terms that apply prior to participating in the Seller funded Credit Card Installment (IPP Feature).6. This Seller funded Credit Card Installment shall be read together and is treated as an addition to the rights and obligations (including any provision on late payment charges) under the TikTok Shop Seller Terms of Service (Link). Any capitalized terms not defined herein shall have the same meaning described to them in the TikTok Shop Seller Terms of Service.7. For the avoidance of doubt, you acknowledge that as it relates to the Seller funded Credit Card Installment, TikTok is not your collection agent, and TikTok Shop does not provide any payment services to you, including without limitation processing any payments or refunds to or for you, accepting or processing payment from or to buyers, transferring payments to or from you or on behalf of you, or providing any merchant acquiring, money transfer or other payment processing services (“Payment Services”) to you, under any circumstances. You acknowledge that the Payment Services will be provided to you by the relevant payment service providers as set out in the TikTok Shop Seller Terms of Service (Link).By opting out of this Seller funded Credit Card Installment, you are deemed to have terminated such access in accordance with the TikTok Shop Seller Terms of Service. For the avoidance of doubt, opting out of this Seller funded Credit Card Installment shall not affect (i) any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination, or (ii) the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination.8. These IPP Terms are governed under the laws of Singapore. Unless otherwise required by applicable laws, any dispute, controversy, claim or difference of any kind whatsoever arising out of or relating to these terms and conditions against or relating to TikTok Shop, shall be referred to and finally resolved by arbitration in Singapore by the Singapore International Arbitration Centre in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The seat of the arbitration shall be Singapore. The Tribunal shall consist of three (3) arbitrators. The language of the arbitration shall be English.