Scope of this Agreement

To participate in a lending pool, users can create debt reserve for a token of their choice for a specific duration. When this reserve expires, the entire amount + the interest earned is automatically transferred from our reserve contract to your Lendbo account.

1.1 This Agreement determines the contractual relationship between the Company ("we") and the Client ("you"). You should read the agreement carefully, understand and agree with the terms and conditions before you enter into a contractual relationship with us. 2. The Company 2.1 References to the term the 'Company' throughout this agreement relates to'. 3. Our Business 3.1 The Company is a pioneer online trading group that was founded in 2015, and has revolutionized stones trading in over 160 countries ever since. We are pioneers in developing online trading as a consumer product, and one of the leaders in the market with customized technology and personal service tailored to all levels of knowledge and experience traders ("you"), accessible from any location. We develop easy and user friendly online trading platforms for execution-only transactions in the over-the-counter spot. 4 Know Your Customer (KYC) Documentation/Client Identification Procedure. 4.2.1 You agree to provide true, current and complete information about yourself during the registration process. If you are an authorized representative of a company, you declare that you have the authority to bind the company to this Agreement. We are required by law to obtain, verify, and record information identifying each person who opens an account. Hence, when you open an account, we ask that you provide certain documentation to identify yourself and to verify the information you have submitted to us upon registration. 4.2.2 Client Identification Procedure: (a) You will be required to send us the following identification documents: • Proof of ID • A clear copy of your driver's license, national ID card or your international passport. • Plus • Proof of Address • A clear copy of a recent utility bill, bank statement or any other local authority bill. • Your proof of address must include your full name and address, and have been issued within the last 6 months. (b) The collection and approval of the documents will need to be completed within fifteen (15) days. (c) If your identification documents are not approved within 15 days from opening your account, we will close your account and you will no longer be able to trade or deposit. (d) Any open or pending positions will be closed at the current rate at 23:50 GMT on the fifteenth (15th) day after account opening (see Terms & Conditions). (e) Any credits and/or bonuses will be removed from your trading account 4.2.3 We reserve the right to refuse or reject a registration at our own discretion or based on regulatory restrictions imposed on us. Active Account Security and Management Once you open an account with us, you need to set a username and password that you can use every time you use our services. Please take any necessary actions required to keep this information away from public view and do not share it with others. You are responsible to protect this information. If you misplace or lose any of the above data or you suspect that someone else has access to them, you should notify us immediately in writing. Segregated Accounts We are a financial services regulated company, following transparent processes in all our relations with you. All funds we receive from you are treated as 'Clients Money' and they are kept in separate client bank accounts (segregated accounts) in a reputable banking institution of our selection. We are obliged by law to perform regular reviews and monitoring of how these accounts are maintained and operated by such banking institution. Payment Methods We will only accept Bitcoin currently. E-wallet payment method: If you decide to deposit funds via e-wallet Bitcoin, you are bound by the rules and regulations of this service provider. You may also be liable to further charges and other restrictions. Please read the terms and conditions of your service provider for further information. We will credit your account with the net amount we received. Please note that we may have to execute withdrawals via a facility other than the provider you used for the original deposit, if required for legal and regulatory purposes (Anti Money Laundering rules). Deposit Limit Restrictions: Please also note that we may, upon our own discretion, impose certain restrictions on the amounts that you have deposited using your bitcoin or fund tranfer. Termination If you wish to close your account, you must notify us in writing. If we wish to close your account, we will also notify you in writing by giving reasonable notice, unless there are grounds where we need to terminate our contractual relationship with you earlier or even immediately without notice. Early/Immediate Termination Grounds for early/immediate termination may include but are not limited to: breach of any clause in this Agreement; • tampering with our systems, software and platforms; • acts that may put our goodwill and business in jeopardy; • misleading, untrue statements; • fraudulent or misrepresenting information; • default of payment; • conviction or accusation of any illegal action (fraud or crime); • bankruptcy, insolvency, receivership of either party; • restriction imposed on us by the legislator; •any other reason that we consider appropriate and necessary; • an unauthorized activity. Intellectual Property: All intellectual property of our proprietary platforms, products and services belongs to the Company. We allow you only the access and the use of the platforms for the performance of the trade transactions. Intellectual Property includes but it is not limited to any copyright on materials, the platforms, software, processes, source code, websites, patents, designs, databases, patents, trademarks, methodology, know how, trade secrets, business plans, promotional and marketing material, in any sort of form. We retain all rights, title and interest in all our Intellectual Property rights, arising out of this Agreement. Suspension of Services: In the unlikely event that we may need to suspend our services, on both our proprietary and third party platforms, we will terminate our relationship with you and subsequently close all open positions at payouts fair and reasonable at the time. Further to the above information, we may impose, at our discretion, trading volume and other restrictions on your accounts. Data Processing - Privacy Policy – Cookies: You may rest assured that we take all measures to ensure that the information you entrust us with will be treated as confidential. Your personal data that we require throughout our cooperation, is safely stored in our electronic systems, it is treated as CONFIDENTIAL and it is protected by Data Protection laws. It is our policy not to disclose client information to non-affiliated third parties except with your consent or where required for legal or regulatory purposes. 1. Notwithstanding the above, there are certain cases where information cannot be considered confidential. This occurs where it can be proved that such information is (i) already available to the public, through no act or omission of the recipient or of any other third party owing an obligation of confidence to the receiver; (ii) rightfully received from a third party without any restrictions as to its use or disclosure; (iii) required to be disclosed pursuant to legal or regulatory requirement. 2. Cookies - Cookies are small text files that are sent to and stored on your device, such as desktop and laptop, smartphone, tablet/phablet, for accessing the Internet, when you visit a website or a webpage. Cookies allow a website to recognise a user's device. The objective of cookies use is to improve and make the user's experience easier. 3. By entering into this Agreement, you acknowledge that you have read and understood the Company’s Privacy Policy. Changes to this Agreement: We may, at our discretion, change any or all of the terms of this Agreement, at any time and without prior notice. If you make any transaction on or after the amendments to this Agreement have come into effect, you will be deemed to have accepted the changes.

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