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LXE

LXE takes a novel approach towards improving Malaysia's legal practice, through its web-based platform for clients and their lawyers to track and manage litigation proceedings together in a systematic and transparent manner.

Campaign Closed RM 190,819 raised

191% of target	0 days left
Investors	53
Min Target	RM 100,000
Max Target	RM 400,000

Additional Shares Offer!

Early Birds receive Additional Shares for Investments on or before 20th November 2020:

RM 500 - RM 999 : 5% Additional Shares
RM 1000 - RM 4999 : 10% Additional Shares
RM 5000 and above : 15% Additional Shares

Introduction

LXE THEORY SDN BHD is a Malaysian legal technology company founded by a team of lawyers and fin-tech practitioners. Our focus is to address the knowledge gap often faced between clients and their lawyers through the creation of a shared digital platform to track, supervise and manage their litigation proceedings.

LXE is based on three core-values:

ACCESSIBILITY

To improve the accessibility and inclusiveness of the public in the litigation process

TRANSPARENCY

To increase transparency in the management and monitoring of litigation proceedings

ACCOUNTABILITY

To promote greater accountability and confidence in the conduct of litigation cases

What We Do

The Challenge

1

The Malaysian legal system remains largely inaccessible to anyone outside the profession, due to limited awareness and innovation in legal technology.

2

There is an information gap on how litigation proceedings are conducted in Court. Clients often require better understanding and transparency on the handling of their cases by lawyers.

3

Without a proper record, clients find themselves vulnerable to miscommunication / misinformation, and in certain undesired circumstances, even exploitation.

4

When clients are not fully equipped to make informed decisions, losses may be incurred and public confidence in the legal profession may be affected.

Our Solution

THE LXE THEORY - ‘TRANSPARENCY THROUGH TECHNOLOGY’

LXE is a Web-based digital platform for clients to track, manage and supervise their litigation proceedings together with their lawyers.

How It Works

Lawyers key in suit information and updates onto LXE

LXE generates a chronology of information shared with the Client

Check and balance to keep all Parties accountable

What's In It For:

Clients

Receive and track all updates from a single digitised source
Ensure full transparency of information received from Lawyers
Save time and better understand the full picture of the litigation process

Lawyers

Have security that all Client updates / instructions are recorded
Greater confidence of Clients and opportunity to set the Firm apart
Increased efficiency in file management, record-keeping, task supervision and Court date / deadline reminders

Features

1

INFORMATION

End-to-end file supervision, tracking and management
Digital chronology of litigation records and information

2

CONVENIENCE

Facilitates client communications and updates
Instant email notifications on updates and deadline reminders
Billing and expense tracking and management
Database for documents shared with Client

3

SECURITY

Private encrypted server to ensure only Parties involved in a Suit have access
Two-way confirmation via email required between the Client and Law Firm to share a Suit
Law Firms have additional control over which Parties have access to a Suit
Devices used to access LXE accounts can be monitored and controlled
Parties receive notifications on irregular sign-in attempts

Why Are We Different

First Mover Advantage
We believe LXE is a first-of-its-kind solution, focused on benefiting both the legal profession and public at large.
Growth Potential
Our valuation is based on conservative projections to allow room for healthy capital appreciation for our investors.
Low Entry Point
Anyone can invest from a minimum of RM 500 to own a stake in LXE. We believe a larger investor community makes sense from both an exposure / marketing standpoint, and based on shared input towards ensuring LXE's success.

Our Revenue Model

*Subject to review where applicable

Our Market Opportunity

Civil and Criminal Litigation Statistics

Total of 519,605 Civil Suits; and 1,951,102 Criminal Suits registered from Feb 2019 - Jan 2020.

Average of 43,300 Civil Suits and 162,591 Criminal Suits registered each month.

Registered Law Firms

Total of 4,702 law firms registered in the Klang Valley (KL & Selangor) alone.

802 law firms registered in Johor, 689 registered in Penang, and 2,058 across the other states.

Our Strategy

3-Year Projected Revenue (in RM)

Model basis (conservative):

Less than 8% of the potential number of law firms taken into account
Average of 3 new files each month for every law firm
1 additional account purchased for every 2 law firms (commencing only from year 2)

Revenue Profit

Indicative Usage of Funds

The Team

Joshua Goh

Co-Founder | Managing Director

Joshua is a qualified lawyer specializing in corporate and commercial litigation. He currently advises on financial technology and capital fundraising with a recognized market operator registered with the Securities Commission of Malaysia.

Abhilaash Subramaniam

Co-Founder | Operations & Compliance

Abhilaash is a qualified lawyer and member of Shearn Delamore & Co.’s Tax and Revenue Practice Group. His key areas of practice involve various aspects of Malaysian tax and revenue advisory, dispute resolution, and litigation work.

Term Sheet

Issuer: LXE Theory Sdn Bhd, a private limited company incorporated in Malaysia

Type of Equity: Ordinary Shares

Valuation: RM 1,501,501

Minimum Fundraising Target: RM 100,000

Maximum Offering Size: RM 400,000

Price per Shares: RM 1.50

Minimum Equity Offered: 6.30%

Maximum Equity Offered: 21.04%

Minimum Shares Offered: 66,000

Maximum Shares Offered: 266,400

Number of shares per block: 333 shares

Minimum block per Investment: 1 block

Minimum Investment Amount: RM 500

Rewards

Impact on Shareholding Structure Upon Completion of the Offering

Investor Eligibility: Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights

Type of Shares

Information: Holders of the Shares are entitled to their pre-emptive rights under section 85 of the Companies Act 2016.

Closing Period: 14 working days after the end of the Fundraising Period

Use of Proceeds: 30% for Platform Development & Capital Expenditure; 20% for Pre-launch Marketing; 50% for Runway Expenditure

Subscription Procedure: An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of ordinary shares (subject to review if required or necessary).

Disclaimer: The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, LXE Theory Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :
The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting LXE Theory Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button available on the Deal Page.

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Issuer	LXE Theory Sdn Bhd
Type of Equity	Ordinary Shares
Valuation	RM 1,501,501
Minimum Fundraising Target	RM 100,000
Maximum Offering Size	RM 400,000
Price per Shares	RM 1.50
Minimum Equity Offered	6.30%
Maximum Equity Offered	21.04%
Minimum Shares Offered	66,000
Maximum Shares Offered	266,400
Number of shares per block	333 shares
Minimum block per Investment	1 block
Minimum Investment Amount	RM 500
Investor Eligibility	Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
Information	Holders of the Shares are entitled to their pre-emptive rights under section 85 of the Companies Act 2016.
Closing Period	14 working days after the end of the Fundraising Period
Use of Proceeds	30% for Platform Development & Capital Expenditure; 20% for Pre-launch Marketing; 50% for Runway Expenditure
Subscription Procedure	An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of ordinary shares (subject to review if required or necessary).
Disclaimer	The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, LXE Theory Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following : The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts. The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness. THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission. Should the Investor require more information, they can do so by contacting LXE Theory Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button available on the Deal Page.

Risk Disclaimer

Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversiﬁed portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.

PLEASE READ THE FULL RISK WARNING BEFORE DECIDING TO INVEST.

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