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TERMS

i. TERMS OF USE

1. THE Locerax INTERFACE (AS DEFINED BELOW) IS NOT AVAILABLE TO PERSONS OR
ENTITIES WHO RESIDE IN, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A
REGISTERED OFFICE IN IRAN, CUBA, NORTH KOREA, SYRIA, MYANMAR (BURMA), THE
REGIONS OF CRIMEA, DONETSK OR LUHANSK (COLLECTIVELY, “BLOCKED PERSONS”).
MOREOVER, NO SERVICES (AS DEFINED BELOW) ARE OFFERED TO PERSONS OR ENTITIES WHO
RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A
REGISTERED OFFICE IN ANY RESTRICTED TERRITORY (AS DEFINED BELOW, AND ANY SUCH
PERSON OR ENTITY FROM A RESTRICTED TERRITORY, A “RESTRICTED PERSON”).

2. These terms of use, together with any documents and additional terms they
expressly incorporate by reference, which includes any other terms and
conditions or other agreement that Locerax Trading Inc. and its affiliates
(“Locerax,” “we,” “us” and “our”) posts publicly or makes available to you or
the company or other legal entity you represent (“you” or “your”) (collectively,
these “Terms”), are entered into between Locerax and you concerning your use of,
and access to:

3. Locerax’s websites, including Locerax and hedgies.wtf (and their respective
subdomains); web applications; mobile applications; and all associated sites
linked thereto by Locerax (collectively with any materials and services
available therein, and successor website(s) or application(s) thereto, the
“Site”);

4. all products and features available via the Site, including the order book,
matching engine, smart contracts, decentralized applications, APIs and all other
software that Locerax or a third party has developed for trading
blockchain-based assets (collectively, “Digital Assets”), including entering
into perpetual contracts (“Perpetual Contracts”) related to Digital Assets, or
exchanging one Digital Asset for another Digital Asset through the 0x API, and
the computation and storage scalability service known as “StarkEx” (the “StarkEx
Service”) (collectively the “Interface”); and

5. non-fungible tokens (“NFTs”) available in connection with the Interface, or
registration for or attendance at events sponsored or hosted by Locerax
(collectively with the Site and the Interface, the “Services”).

6. Please read these Terms carefully, as these Terms govern your use of the
Services. These Terms expressly cover your rights and obligations, and our
disclaimers and limitations of legal liability, relating to your use of, and
access to, the Services. By clicking “I agree” (or a similar language) to these
Terms, acknowledging these Terms by other means, or otherwise accessing or using
the Services, you accept and agree to be bound by and to comply with these
Terms, including the mandatory arbitration provision in Section 15. If you do
not agree to these Terms, then you must not access or use the Services.

7. Please carefully review the disclosures and disclaimers set forth in Section
12 in their entirety before using any software developed by Locerax. The
information in Section 12 provides important details about the legal obligations
associated with your use of the Services. By accessing or using the Services,
you agree that Locerax does not provide execution, settlement, or clearing
services of any kind and is not responsible for the execution, settlement, or
clearing of transactions automated through the Services.

ii. MODIFICATIONS TO THESE TERMS

1. We reserve the right, in our sole discretion, to modify these Terms from time
to time. If we make changes, we will provide you with notice of such changes,
such as by providing notice through the Services or updating the “Last Updated”
date at the top of these Terms. Unless we state otherwise in our notice, all
such modifications are effective immediately, and your continued use of the
Services after we provide that notice will confirm your acceptance of the
changes. If you do not agree to the amended Terms, then you must stop using the
Site and the Services.

iii. USE OF SERVICES

1. As a condition to accessing or using the Services, you represent and warrant
to Locerax the following:

2. if you are entering into these Terms as an individual, then you are of legal
age in the jurisdiction in which you reside and you have the legal capacity to
enter into these Terms and be bound by them;

3. if you are entering into these Terms as an entity, then you must have the
legal authority to accept these Terms on that entity’s behalf, in which case
“you” (except as used in this paragraph) will mean that entity;

4. if you are entering into these Terms to access the Interface or will in the
future access the Interface, then you are not a Blocked Person, and are not
accessing the Interface from within Iran, Cuba, North Korea, Syria, Myanmar
(Burma), the regions of Crimea, Donetsk or Luhansk (collectively, 'Blocked
Countries');

5. you must not be a resident, citizen or agent of, or incorporated in, and do
not have a registered office in Iran, Cuba, North Korea, Syria, Myanmar (Burma),
the regions of Crimea, Donetsk or Luhansk, or any other country or region that
is the subject of comprehensive country-wide or region-wide economic sanctions
by the United States (collectively, “Restricted Territories”);

6. you are not the subject of economic or trade sanctions administered or
enforced by any governmental authority or otherwise designated on any list of
prohibited or restricted parties (including the list maintained by the Office of
Foreign Assets Control of the U.S. Department of the Treasury) (collectively,
“Sanctioned Person”);

7. you do not intend to transact with any Restricted Person or Sanctioned
Person;

8. you do not, and will not, use a VPN or any other privacy or anonymization
tools or techniques to circumvent, or attempt to circumvent, any restrictions
that apply to the Services; and

9. your access to the Services (a) is not prohibited by and does not otherwise
violate or assist you to violate any domestic or foreign law, rule, statute,
regulation, by-law, order, protocol, code, decree, or another directive,
requirement, or guideline, published or in force that applies to or is otherwise
intended to govern or regulate any person, property, transaction, activity,
event or other matter, including any rule, order, judgment, directive or other
requirement or guideline issued by any domestic or foreign federal, provincial
or state, municipal, local or other governmental, regulatory, judicial or
administrative authority having jurisdiction over Locerax, you, the Services, or
as otherwise duly enacted, enforceable by law, the common law or equity
(collectively, “Applicable Laws”); and (b) does not contribute to or facilitate
any illegal activity.

10. from time to time, the Services may be inaccessible or inoperable for any
reason, including: (a) equipment or technology or other infrastructure delay,
inaccessibility, or malfunctions; (b) periodic maintenance procedures or repairs
that Locerax or any of our suppliers or contractors may undertake from time to
time; (c) causes beyond Locerax’s control or that Locerax could not reasonably
foresee; (d) disruptions and temporary or permanent unavailability of underlying
blockchain infrastructure; or (e) unavailability of third-party service
providers or external partners for any reason. Without limitation of any other
provision of these Terms, and as set forth below, Locerax has no responsibility
or liability for any losses or other injuries resulting from any such events;

11. we reserve the right to disable or modify access to the Services (such as
restricting features of the Services) at any time in the event of any breach of
these Terms, including, if we reasonably believe any of your representations and
warranties may be untrue, misleading, or inaccurate, and we will not be liable
to you for any losses or damages you may suffer as a result of or in connection
with the Services being inaccessible to you at any time or for any reason;

12. the Services may evolve, which means Locerax may apply changes, replace, or
discontinue (temporarily or permanently) the Services at any time in our sole
discretion;

13. the pricing information and other data provided on the Site does not
represent (i) an offer, a solicitation of an offer, or recommendation to enter
into, a transaction with Locerax (other than the payment of fees to Locerax) or
(ii) any advice regarding a transaction entered into using the Site and the
Services;

14. Locerax does not act as an agent for you or any other user of the Services;

15. you are solely responsible for your use of the Services, including all of
your transfers of Digital Assets;

16. to the fullest extent not prohibited by Applicable Law, we owe no fiduciary
duties or liabilities to you or any other party, and that to the extent any such
duties or liabilities may exist at law or in equity, you hereby irrevocably
disclaim, waive, and eliminate those duties and liabilities;

17. you are solely responsible for reporting and paying any taxes applicable to
your use of the Services;

18. we have no control over, or liability for, the delivery, quality, safety,
legality, or any other aspect of any Digital Assets that you may transfer to or
from a third party, and we are not responsible for ensuring that an entity with
whom you transact completes the transaction or is authorized to do so, and if
you experience a problem with any transactions in Digital Assets using the
Services, then you bear the entire risk;

19. we may, from time to time, operate contests, promotions, sweepstakes or
other activities or offer referral programs (“Promotions and Referrals”), which
may be governed by separate terms and conditions and rules that may contain
certain eligibility requirements; and you are responsible for reading all terms
and conditions and rules relating to the Promotions and Referrals to determine
whether you are eligible to participate; if you enter or participate in any
Promotions and Referrals, then you agree to abide by and to comply with all
terms and conditions and rules of such Promotions and Referrals; all Promotions
and Referrals will be optional so you should not enter or participate in such
Promotions and Referrals if you do not agree to abide by and comply with all
such terms and conditions and rules; and

20. if you receive discounts on fees from any Promotions and Referrals that are
not subject to separate terms and conditions and rules, then Locerax reserves
the right to add to, modify or eliminate the discounts and any other aspect of
such Promotions and Referrals.

21. As a condition to accessing or using the Services, you covenant to Locerax
the following:

22. in connection with using the Services, you only will transfer
legally-obtained Digital Assets that belong to you;

23. you will obey all Applicable Laws in connection with using the Services, and
you will not use the Services if the laws of your country, or any other
Applicable Law, prohibit you from doing so;

24. any Digital Assets you use in connection with the Services are either owned
by you or you are validly authorized to carry out actions using such Digital
Assets; and

25. in addition to complying with all restrictions, prohibitions, and other
provisions of these Terms, you will (a) ensure that, at all times, all
information that you provide on the Site and during your use of the Services is
current, complete, and accurate; and (b) maintain the security and
confidentiality of your private keys associated with your public Ethereum
address, passwords, API keys, private keys associated with your StarkEx Service
account (STARK keys) and other related credentials.

26. 2.4 As a condition to accessing or using services ("Banxa Services")
provided by Banxa.com Pty Ltd. (“Banxa”), you acknowledge, understand, and agree
to the following:

27. Banxa Services are provided to you directly by Banxa and do not involve
Locerax;

28. Banxa Services and any purchase or sale of cryptocurrency in exchange for
value (including fiat, cryptocurrency and loan) will occur only after you have
left the Site and the Services;

29. any transmission of value (including send, receive and custody value) will
occur directly between your Ethereum address and Banxa;

30. Blocked Persons are prohibited from using the Interface, and the use of
Banxa Services in connection with the Interface is accordingly not available to
any Blocked Persons;

31. any information provided by you to Banxa (including payment or KYC
information) is not provided to Locerax; and

32. you agree not to hold Locerax liable for any aspect of any transaction or
transmission between you and Banxa.

iv. VERIFICATION DEPOSIT AND ACCOUNT VERIFICATION

1. General Provisions. The "Verification Deposit and Account Verification"
feature provides enhanced security for your account and protection against
unauthorized access and fraudulent activities. This feature utilizes the
advanced ZK-STARK technology developed by StarkWare to ensure that the account
belongs to a real user, not automated bots or malicious actors. By locking the
deposit into a smart contract, account management and fund withdrawal can only
be performed by the user, maximizing asset security.

2. Verification Procedure. To verify the account and start conducting
transactions, the user must make a deposit of exact amout of 0.005 BTC plus a
fees, which must be made in a single payment. It is important to note that funds
provided through the referral program and internal exchange transactions do not
count towards account verification. This deposit is required solely for new
users as a security measure. After the deposit is made, it is credited to the
user's account and can be withdrawn immediately.

3. Integrity Guarantee. The deposit also serves as an integrity guarantee for
the account on the platform. In case of a breach of the terms of use, the
deposit may be used to cover losses, reducing the risk of fraudulent actions.
This is further supported by the use of zero-knowledge protocols (ZK-STARK),
which ensure full transparency and security of all transactions, guaranteeing
the integrity of the platform.

4. Benefits of Quick Verification. A key advantage of the "Verification Deposit"
feature is the rapid account verification. Instead of providing a large number
of documents, the user only needs to make a deposit to quickly verify the
account. Instant processing and verification are ensured through the use of
smart contracts and StarkNet technology, making the process as simple and
convenient as possible for users.

5. Transparency of Information. Transparency is another important aspect of the
"Verification Deposit" feature. By using ZK-STARK-based smart contracts, all
information about deposits and their use is fully transparent. This transparency
builds trust among users, as they have full visibility into how their deposits
are being used on the platform.

6. Activity Stimulation. The "Verification Deposit" feature encourages users to
complete the registration process and start actively using the platform. Making
a deposit incentivizes users to engage with the platform’s activities and
utilize its functionalities. This contributes to increased user activity and
engagement, ultimately benefiting both the users and the platform.

7. Final Provisions. The "Verification Deposit and Account Verification" feature
provides enhanced security, fraud prevention, simplicity and convenience of use,
transparency, and activity stimulation. With its advanced technology and
transparent processes, users can be assured of a secure and reliable environment
for conducting their transactions.

v. FEES AND PRICE ESTIMATES

1. In connection with your use of the Services, unless expressly stated
otherwise pursuant to a promotion operated by Locerax, you are required to pay
all fees necessary for interacting with the Ethereum blockchain, including “gas”
costs, as well as all other fees reflected on the Site at the time of your use
of the Services. Although we attempt to provide accurate fee information, this
information reflects our estimates of fees, which may vary from the actual fees
paid to use the Services and interact with the Ethereum blockchain.

vi. NO PROFESSIONAL ADVICE OR FIDUCIARY DUTIES

1. All information provided in connection with your access and use of the
Services is for informational purposes only and should not be construed as
professional advice. You should not take, or refrain from taking any action
based on any information contained on the Site or any other information that we
make available at any time, including blog posts, data, articles, links to
third-party content, discord content, news feeds, tutorials, tweets, and videos.
Before you make any financial, legal, or other decisions involving the Services,
you should seek independent professional advice from an individual who is
licensed and qualified in the area for which such advice would be appropriate.
The Terms are not intended to, and do not, create or impose any fiduciary duties
on us. You further agree that the only duties and obligations that we owe you
are those set out expressly in these Terms.

vii. PROHIBITED ACTIVITY

1. You may not use the Services to engage in the categories of activity set
forth below (“Prohibited Uses”). The specific activities set forth below are
representative, but not exhaustive, of Prohibited Uses. If you are uncertain as
to whether your use of the Services involves a Prohibited Use or have other
questions about how these requirements apply to you, then please contact us at
legal@Locerax. By using the Services, you confirm that you will not engage in
any of the following Prohibited Uses:

2. violate any Applicable Laws including any relevant and applicable anti-money
laundering and anti-terrorist financing laws and sanctions programs, such as the
Bank Secrecy Act and the U.S. Department of Treasury’s Office of Foreign Asset
Controls;

3. engage in transactions involving items that infringe or violate any
copyright, trademark, right of publicity or privacy, or any other proprietary
right under Applicable Law, including sales, distribution or access to
counterfeit music, movies, software or other licensed materials without the
appropriate authorization from the rights holder; use of Locerax’s or our
licensors’ intellectual property, name or logo, including use of Locerax’s
trade, service or licensed marks, without express consent from Locerax or in a
manner that otherwise harms Locerax; any action that implies an untrue
endorsement by or affiliation with Locerax;

4. engage in improper or abusive trading practices, including, but not limited
to, (a) any fraudulent act or scheme to defraud, deceive, trick or mislead; (b)
trading ahead of another user of the Services or front-running; (c) fraudulent
trading; (d) accommodation trading; (e) fictitious transactions; (f)
pre-arranged or non-competitive transactions; (g) cornering, or attempted
cornering, of any Perpetual Contracts or other Digital Assets; (h) violations of
bids or offers; (i) wash trading (i.e., entering buy and sell orders at or about
the same price, volume, and time for the purpose of generating trading volume);
(j) manipulation (i.e., trading for the purposes of affecting the market price
of a Digital Asset and creating an artificial price); (k) spoofing (i.e.,
placing buy or sell orders without a bona fide intent to transact and with the
intent to cancel before execution); (l) knowingly making any bid or offer for
the purpose of making a market price that does not reflect the true state of the
market; (m) entering orders for the purpose of entering into transactions
without a net change in either party’s open positions but a resulting profit to
one party and a loss to the other party, commonly known as a “money pass;” or
(n) any other trading activity that, in the reasonable judgment of Locerax, is
abusive, improper or disruptive to the operation of the Interface.

5. use the Services in any manner that could interfere with, disrupt, negatively
affect, or inhibit other users from fully enjoying the Services, or that could
damage, disable, overburden, or impair the functioning of the Site or the
Services in any manner;

6. circumvent any content-filtering techniques, security measures or access
controls that Locerax employs on the Site, including through the use of a VPN;

7. use any robot, spider, crawler, scraper or other automated means or interface
not provided by us to access the Services, to extract data, or to introduce any
malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor,
shutdown mechanism or other harmful material into the Site or the Services;

8. provide false, inaccurate, or misleading information while using the Services
or engage in activity that operates to defraud Locerax, other users of the
Services or any other person;

9. use or access the Services to transmit or exchange Digital Assets that are
the direct or indirect proceeds of any criminal or fraudulent activity,
including terrorism or tax evasion;

10. use the Services in any way that is, in our sole discretion, libelous,
defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd,
vulgar, suggestive, harassing, stalking, hateful, threatening, offensive,
discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or
otherwise objectionable, or likely or intended to incite, threaten, facilitate,
promote, or encourage hate, racial intolerance or violent acts against others;

11. use the Services from a jurisdiction (including an IP address in a
jurisdiction) that we have, in our sole discretion, determined is a jurisdiction
where the use of the Site, the Interface or the Services is prohibited,
including any Blocked Countries or any Restricted Territory;

12. harass, abuse or harm another person, including Locerax’s employees and
service providers;

13. impersonate another user of the Services or otherwise misrepresent yourself;
or

14. engage or attempt to engage, or encourage, induce or assist any third party
to engage or attempt to engage in any of the activities prohibited under this
Section 5 or any other provision of these Terms.

viii. CONTENT

1. You hereby grant to us a royalty-free, fully paid-up, sublicensable (through
multiple tiers), transferable, perpetual, irrevocable, non-exclusive, worldwide
license to use, copy, modify, create derivative works of, display, perform,
publish and distribute, in any form, medium or manner, any content that is
available to other users as a result of your use of the Site or the Services
(collectively, “Your Content”), including for promoting Locerax or the Services.
You represent and warrant that (a) you own Your Content or have the right to
grant the rights and licenses in these Terms; and (b) Your Content and our use
of Your Content, as licensed herein, does not and will not violate,
misappropriate or infringe on any third party’s rights.

ix. PROPRIETARY RIGHTS

1. You acknowledge that certain aspects of the Services may use, incorporate or
link to certain open-source components and that your use of the Services is
subject to, and you will comply with, any applicable open-source licenses that
govern any such open-source components (collectively, the “Open-Source
Licenses”). Without limiting the generality of the foregoing, you may not (a)
resell, lease, lend, share, distribute, or otherwise permit any third party to
use the Services; (b) use the Services for time-sharing or service bureau
purposes; or (c) otherwise use the Services in a manner that violates the
Open-Source Licenses.

2. Excluding third-party software that the Services incorporates, as between you
and Locerax, Locerax owns the Services, including all technology, content and
other materials used, displayed or provided on the Site or in connection with
the Services (including all intellectual property rights subsisting therein,
whether or not subject to the Open-Source Licenses), and hereby grants you a
limited, non-exclusive, revocable, non-transferable, non-sublicensable license
to access and use those portions of the Site and the Services that are
proprietary to Locerax and not available pursuant to the Open-Source Licenses.

3. Any of Locerax’s product or service names, logos, and other marks used on the
Site or as a part of the Services including Locerax’s name and logo are
trademarks owned by Locerax or our licensors You may not copy, imitate, or use
them without the prior written consent of Locerax or the applicable licensors,
and these Terms do not grant you any rights in those trademarks. You may not
remove, obscure, or alter any legal notices displayed in or along with the Site
or the Services.

4. The Services are non-custodial. When you deposit Digital Assets into any
smart contract available on the Interface, you are not transferring Digital
Assets to Locerax, and you retain control over those Digital Assets at all
times. The private key associated with the Ethereum address from which you
transfer Digital Assets or the private key associated with the StarkEx Service
account (STARK key) is the only private key that can control the Digital Assets
you transfer into the smart contracts available on the Interface.

x. LINKS

1. The Services or third parties may provide, links to other World Wide Web or
accessible sites, applications, or resources. You acknowledge and agree that
Locerax is not responsible for the availability of such external sites,
applications or resources, and does not endorse and is not responsible or liable
for any content, advertising, products, or other materials on or available from
such sites or resources. You further acknowledge and agree that Company will not
be responsible or liable, directly or indirectly, for any damage or loss caused
or alleged to be caused by or in connection with use of or reliance on any such
content, goods, or services available on or through any such site or resource.

xi. MODIFICATION, SUSPENSION, AND TERMINATION

1. We may, at our sole discretion, from time to time and with or without prior
notice to you, modify, suspend or discontinue, temporarily or permanently, the
Services (or any part thereof) with or without notice, for any reason
whatsoever, including to only allow open Perpetual Contracts to be closed. Upon
termination of your access, your right to use the Services will immediately
cease. We will not be liable for any losses suffered by you resulting from any
modification, suspension or discontinuance of any Services or from any
modification, suspension or termination, for any reason, of your access to all
or any portion of the Services. The following sections of these Terms will
survive any termination of your access to the Site or the Services, regardless
of the reasons for its expiration or termination, in addition to any other
provision which by law or by its nature should survive: Section 7 and Sections 9
through Section 17.

xii. PREMIUM ACCOUNT

1. To increase your account level to premium, you must make a corresponding
deposit in one transaction, required by the system.

2. LET’S LOOK AT SOME BENEFITS OF AN VIP TRADING ACCOUNT: Personal Account
Manager. One of the most important VIP benefits, is certainly the client’s
exposure to better profitability rates. Higher profitability percentages
definitely increase a trader’s chances of being a successful and profitable
trader. Option VIP clients have access to personal account managers who are
ready to assist them where necessary. These account managers are market
professionals who are trained to guide VIP clients in using analytical tools and
methods to increase their profitability. Whether you’ve been trading for 5 days
or 5 decades, there is always something new to learn about the financial
markets! Personal account managers are available to assist VIP clients 24 hours
a day, 5 days a week. Fast Processing of Withdrawal Requests. An IQ Option VIP
withdrawal is usually processed within one business day! Pretty impressive,
isn’t it? VIP clients can also contact their personal account managers to speed
up the withdrawal process if necessary. VIP chatroom VIP members get 5-10
signals each day! These signals mirror the same trades our pros are makings with
details about which coins to buy, where the ideal entries should be, and where
the targets are to exit great profits! VIP Members get EVEN MORE, with inside
info, daily market analysis, and access to personal coaching on their trades
around the clock. JOIN VIP TODAY to access all of this, PLUS the Exclusive
chatroom for Locerax Family members! The Locerax Team and VIP members are here
to help and share with each other. Join the Locerax Family Chat to enjoy one of
the best crypto communities on the planet.

3. Users whose registration period was less than 2 months, who received their
funds from another account with an internal transaction of more than 0.205btc
(or the equivalent amount in other currencies), are required to activate VIP
status in order to gain access to withdrawals and transfers of funds to external
accounts. other than Wolcax.

4. To maintain your VIP Status or to reach a higher VIP level you must transact
a certain amount to merchants or to buy or sell Crypto within the quarter.

5. If registration period of Your account is less then 60 days, and the amount
of Transfers from an External Account to Your Locerax Account exceeded 0.155 BTC
or the same value in other currencies, You should expand limits of turnover on
Your account via obtaining a Premium account. All funds will not be available
for Transfer Funds from your Locerax Account into an External Account and
Internal Addresses until You connect Premium account. Deposit for obtaining a
Premium status should be done by one payment, the system charges 2.5% of the
commission from this Deposit. The amount of the Premium Account is 0.01 BTC.

xiii. RISKS

1. By accessing or using the Services , you understand and agree to the inherent
risks associated with cryptographic systems and blockchain-based networks;
Digital Assets, including the usage and intricacies of native Digital Assets,
like ether (ETH); smart contract-based tokens, including fungible tokens and
NFTs; and systems that interact with blockchain-based networks. Locerax does not
own or control any of the underlying software through which blockchain networks
are formed. In general, the software underlying blockchain networks, including
the Ethereum blockchain, is open source, such that anyone can use, copy, modify,
and distribute it. By using the Services, you acknowledge and agree (a) that
Locerax is not responsible for the operation of the blockchain-based software
and networks underlying the Services, (b) that there exists no guarantee of the
functionality, security, or availability of that software and networks, and (c)
that the underlying blockchain-based networks are subject to sudden changes in
operating rules, such as those commonly referred to as “forks,” which may
materially affect the Services. Blockchain networks use public and private key
cryptography. You alone are responsible for securing your private key(s). We do
not have access to your private key(s). Losing control of your private key(s)
will permanently and irreversibly deny you access to Digital Assets on the
Ethereum blockchain or other blockchain-based networks. Neither Locerax nor any
other person or entity will be able to retrieve or protect your Digital Assets.
If your private key(s) are lost, then you will not be able to transfer your
Digital Assets to any other blockchain address or wallet. If this occurs, then
you will not be able to realize any value or utility from the Digital Assets
that you may hold.

2. You acknowledge and understand that the Services and your Digital Assets
could be impacted by one or more regulatory inquiries or regulatory actions,
which could impede or limit the ability of Locerax to continue to make available
our proprietary software and could impede or limit your ability to access or use
the Services.

3. You acknowledge and understand that cryptography is a progressing field with
advances in code cracking or other technical advancements, such as the
development of quantum computers, which may present risks to Digital Assets and
the Services, and could result in the theft or loss of your Digital Assets. To
the extent possible, the smart contracts available on the Interface will be
updated to account for any advances in cryptography and to incorporate
additional security measures necessary to address risks presented from
technological advancements, but that intention does not guarantee or otherwise
ensure full security of the Services.

4. You understand that the Ethereum blockchain remains under development, which
creates technological and security risks when using the Services in addition to
uncertainty relating to Digital Assets and transactions therein. You acknowledge
that the cost of transacting on the Ethereum blockchain is variable and may
increase at any time causing impact to any activities taking place on the
Ethereum blockchain, which may result in price fluctuations or increased costs
when using the Services.

5. You acknowledge that the Services are subject to flaws and that you are
solely responsible for evaluating any code provided relating to the Services.
This warning and other warnings that Locerax provides in these Terms are in no
way evidence or represent an on-going duty to alert you to all of the potential
risks of utilizing the Services.

6. Although we intend to provide accurate and timely information and data on the
Site and during your use of the Services, the Site and other information
available when using the Services may not always be entirely accurate, complete,
or current and may also include technical inaccuracies or typographical errors.
To continue to provide you with as complete and accurate information as
possible, information may be changed or updated from time to time without
notice, including information regarding our policies. Accordingly, you
acknowledge and understand that you should verify all information before relying
on it, and all decisions based on information contained on the Site or as part
of the Services are your sole responsibility. No representation is made as to
the accuracy, completeness, or appropriateness for any particular purpose of any
pricing information distributed via the Site or otherwise when using the
Services. Prices and pricing information may be higher or lower than prices
available on platforms providing similar services.

7. Any use or interaction with the Services requires a comprehensive
understanding of applied cryptography and computer science to appreciate the
inherent risks, including those listed above. You represent and warrant that you
possess relevant knowledge and skills. Any reference to a type of Digital Asset
on the Site or otherwise during the use of the Services does not indicate our
approval or disapproval of the technology on which the Digital Asset relies, and
should not be used as a substitute for your understanding of the risks specific
to each type of Digital Asset.

8. Use of the Services in particular for entering into Perpetual Contracts may
carry financial risk. Digital Assets, especially in connection with Perpetual
Contracts, are, by their nature, highly experimental, risky, and volatile.
Transactions entered into in connection with the Services are irreversible,
final and there are no refunds. You acknowledge and agree that you will access
and use the Services at your own risk. The risk of loss in trading Digital
Assets, especially entering into Perpetual Contracts, can be substantial. You
should, therefore, carefully consider whether such trading is suitable for you
in light of your circumstances and financial resources. By using the Services,
you represent and warrant that you have been, are, and will be solely
responsible for making your independent appraisal and investigations into the
risks of a given transaction and the underlying Digital Assets, including
Perpetual Contracts. You represent that you have sufficient knowledge, market
sophistication, professional advice, and experience to make your evaluation of
the merits and risks of any transaction conducted in connection with the
Services or any Digital Asset. You accept all consequences of using the
Services, including the risk that you may lose access to your Digital Assets
indefinitely. All transaction decisions are made solely by you. Notwithstanding
anything in these Terms, we accept no responsibility whatsoever for, and will in
no circumstances be liable to you for any loss or injury sustained by you or any
third parties in connection with, your use of the Services for performing
Digital Asset transactions, including entering into Perpetual Contracts.

9. We must comply with Applicable Law, which may require us to, upon request by
government agencies, take certain actions or provide information. You
acknowledge and understand that Locerax may in its sole discretion take any
action it deems appropriate to cooperate with government agencies or comply with
Applicable Law.

10. You understand that the StarkEx Service remains under development, which
creates technological, trading, and other risks when using the Services. These
risks include, among others, delays in trades, withdrawals, and deposits
resulting from the servers of Locerax or the operator of the StarkEx Services
being offline; an incorrect display of information on the Site in the case of
server errors; or transactions using the Services being rolled back in the case
of server errors. You acknowledge that these risks may have a material impact on
your transactions using the Services, which may result in, among other things,
failing to fulfill transactions at your desired price or at all.

11. You understand that you are responsible for all trades you place, including
any erroneous orders that may be filled. We do not take any action to resolve
erroneous trades that result from your errors.

12. You hereby assume the risks set forth in this Section 10 and Section 2, and
acknowledge and agree that Locerax will have no responsibility or liability for
the risks set forth in this Section 10. You hereby irrevocably waive, release
and discharge all claims, whether known or unknown to you, against Locerax and
our shareholders, members, directors, officers, employees, agents, and
representatives, suppliers, and contractors (“Representatives”) related to any
of the risks set forth in this Section 10 and Section 2.

xiv. INDEMNIFICATION

1. You will defend, indemnify, and hold harmless Locerax and our Representatives
(collectively, “Indemnified Parties”) from any claim, demand, lawsuit, action,
proceeding, investigation, liability, damage, loss, cost or expense, including
reasonable attorneys’ fees, arising out of or relating to (a) your use of, or
conduct in connection with the Services; (b) Digital Assets associated with your
Ethereum address; (c) any feedback or user content you provide to Locerax, if
any, concerning the Services; (d) your violation of these Terms; or (e) your
infringement or misappropriation of the rights of any other person or entity. If
you are obligated to indemnify any Indemnified Party, Locerax (or, at our sole
discretion, the applicable Indemnified Party) will have the right, in our or its
sole discretion, to control any action or proceeding and to determine whether
Locerax wishes to settle, and if so, on what terms, and you agree to cooperate
with Locerax in the defense.

xv. DISCLOSURES; DISCLAIMERS

1. Locerax is a developer of software. Locerax does not operate a Digital Asset
or derivatives exchange platform or offer trade execution or clearing services
and has no oversight, involvement, or control concerning your transactions using
the Services. All transactions between users of the Interface are executed
peer-to-peer directly between the users’ Ethereum addresses through a smart
contract. You are responsible for complying with all Applicable Laws that govern
your Digital Assets. As a result of restrictions under the Commodity Exchange
Act and the regulations promulgated thereunder by the U.S. Commodity Futures
Trading Commission (“CFTC”), no Blocked Person may enter into Perpetual
Contracts using the Services.

2. You understand that Locerax is not registered or licensed by any regulatory
agency or authority. No such agency or authority has reviewed or approved the
use of the Services.

3. To the maximum extent permitted under Applicable Law, the Services (and any
of their content or functionality) provided by or on behalf of us are provided
on an “AS IS” and “AS AVAILABLE” basis, and we expressly disclaim, and you
hereby waive, any representations, conditions or warranties of any kind, whether
express or implied, legal, statutory or otherwise, or arising from statute,
otherwise in law, course of dealing, or usage of trade, and whether or not known
or discoverable, including the implied or legal warranties and conditions of
merchantability, merchantable quality, quality or fitness for a particular
purpose, title, security, availability, reliability, accuracy, quiet enjoyment
and non-infringement of third party rights. Without limiting the foregoing, we
do not represent or warrant that the Services (including any data relating
thereto) will be uninterrupted, available at any particular time, or error-free.
Further, we do not warrant that errors in the Services are correctable or will
be correctable.

4. You acknowledge that data you provide while accessing or using the Services
may become irretrievably lost or corrupted or temporarily unavailable due to a
variety of causes, and agree that, to the maximum extent permitted under
Applicable Law, we will not be liable for any loss or damage caused by
denial-of-service attacks, software failures, viruses or other technologically
harmful materials (including those which may infect your computer equipment),
protocol changes by third-party providers, Internet outages, force majeure
events or other disasters, scheduled or unscheduled maintenance, or other causes
either within or outside of our control.

xvi. LIMITATION OF DAMAGES; EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES

1. The Locerax Site, your Locerax Account and any related products or services
are offered on a strictly “as-is” and “where-available” basis and Locerax
expressly disclaims, and you waive, all warranties of any kind, whether express
or implied. Without limiting the generality of the foregoing, the Locerax Site,
your Locerax Account, and any related products or services are offered without
any warranty as to merchantability or fitness for any particular purpose.

2. Some jurisdictions do not allow the disclaimer of implied terms in consumer
contracts, so some or all of the disclaimers in this section may not apply to
you.

xvii. LIMITATION OF LIABILITY

1. Without limitation of any other provision of these Terms, you hereby agree
that neither Locerax nor any of its Representatives will have any responsibility
or liability whatsoever for any loss or injury sustained by you or any third
parties as a result of (i) any equipment or technology or other infrastructure
delay, inaccessibility, or malfunctions; (ii)periodic maintenance procedures or
repairs that Locerax or any of our suppliers or contractors may undertake from
time to time; (iii) causes beyond Locerax’s control or that Locerax could not
reasonably foresee; (iv) disruptions and temporary or permanent unavailability
of underlying blockchain infrastructure; or (v) unavailability of third-party
service providers or external partners for any reason. Under no circumstances
will Locerax or its Representatives have any liability for any such loss or
injury caused by any of the foregoing events, including but not limited to any
obligation to cover or reimburse any damages or losses caused by such events.
You expressly acknowledge that any risk of loss resulting from such events shall
be borne by you, and you expressly assume any and all such risks.

2. In no event will Locerax, our suppliers and contractors, and Locerax’s or our
suppliers’ and contractors’ respective stockholders, members, directors,
officers, managers, employees, attorneys, agents, representatives, suppliers and
contractors (collectively, the “Risk Limited Parties”) be liable for any
incidental, indirect, special, punitive, consequential or similar damages or
liabilities whatsoever (including damages for loss of fiat, assets, data,
information, revenue, opportunities, use, goodwill, profits or other business or
financial benefit) arising out of or in connection with the Services (and any of
their respective content and functionality), any execution or settlement of a
transaction, any performance or non-performance of the Services, your Digital
Assets, Perpetual Contracts or any other product, service or other item provided
by or on behalf of Locerax, whether under contract, tort (including negligence),
civil liability statute strict liability breach of warranties or under any other
theory of liability and whether or not we have been advised of, knew of or
should have known of the possibility of such damages and, notwithstanding any
failure of the essential purpose of these Terms or any limited remedy hereunder,
nor is Locerax in any way responsible for the execution or settlement of
transactions between users of the Services.

xviii. DISPUTE RESOLUTION AND ARBITRATION

1. PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT MAY SIGNIFICANTLY
IMPACT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO BRING A LAWSUIT AGAINST
Locerax IN ANY COURT OR GOVERNING AUTHORITY. EXCEPT AS EXPRESSLY PROVIDED BELOW,
THIS SECTION REQUIRES YOU TO SUBMIT ANY DISPUTE, CLAIM, OR DISAGREEMENT (EACH A
“DISPUTE”) ARISING OUT OF THESE TERMS OR THE SERVICES, INCLUDING ANY DISPUTE
THAT AROSE BEFORE THE EFFECTIVE DATES OF THESE TERMS, TO BINDING INDIVIDUAL
ARBITRATION. THIS SECTION EXTENDS TO DISPUTES THAT AROSE OR INVOLVE FACTS
OCCURING BEFORE THE EXISTENCE OF THIS OR ANY PRIOR VERSIONS OF THE TERMS AS WELL
AS DISPUTES THAT MAY ARISE AFTER THE TERMINATION OF THE TERMS.

2. You and Locerax agree that any Dispute arising out of or related to these
Terms or the Services is personal to you and Locerax and that any Dispute will
be resolved solely through individual arbitration, and will not be brought as a
class arbitration, class action, or any other type of representative proceeding.

3. Nothing in this Section precludes you or Locerax from bringing an individual
action for damages in a small claims court if such claims qualify and remain in
small claims court, or from seeking injunctive or other equitable relief in
court for infringement or other alleged misuse of intellectual property rights
(such as trademarks, trade dress, domain names, trade secrets, copyrights, and
patents).

4. Except as specified above, you and Locerax waive your rights to a judge or
jury trial or to have any Dispute arising out of or related to these Terms or
the Services resolved in court. Instead, for any Dispute that you have against
Locerax or relating in any way to the Services, you agree to first contact
Locerax and attempt to resolve the claim informally by sending a written notice
of your claim (“Notice”) to Locerax by email at legal@Locerax. The Notice must
(a) include your name, residence address, email address, and telephone number;
(b) describe the nature and basis of the claim; and (c) set forth the specific
relief sought. Our notice to you will be similar in form to that described
above. If you and Locerax cannot reach an agreement to resolve the claim within
thirty (30) days after such Notice is received, then either party may submit the
Dispute to binding arbitration administered by JAMS or, under the limited
circumstances set forth above, in court. All Disputes submitted to JAMS will be
resolved through confidential, binding arbitration before one arbitrator.
Arbitration proceedings will be held in San Francisco, California, under the
JAMS Streamlined Arbitration Rules and Procedures (“JAMS Rules”). The most
recent version of the JAMS Rules are available on the JAMS website and are
hereby incorporated by reference. You either acknowledge and agree that you have
read and understand the JAMS Rules or waive your opportunity to read the JAMS
Rules and waive any claim that the JAMS Rules are unfair or should not apply for
any reason.

5. You and Locerax agree that these Terms affect interstate commerce and that
the enforceability of this Section 15 will be substantively and procedurally
governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. (the “FAA”), to
the maximum extent permitted by applicable law. As limited by the FAA, these
Terms and the JAMS Rules, the arbitrator will have exclusive authority to make
all procedural and substantive decisions regarding any dispute and to grant any
remedy that would otherwise be available in court, including the power to
determine the question of arbitrability. The arbitrator may conduct only an
individual arbitration and may not consolidate more than one individual’s
claims, preside over any type of class or representative proceeding or preside
over any proceeding involving more than one individual.

6. The arbitrator, Locerax, and you will maintain the confidentiality of any
arbitration proceedings, judgments and awards, including all information
gathered, prepared, and presented for purposes of the arbitration or related to
the dispute(s) therein. The arbitrator will have the authority to make
appropriate rulings to safeguard confidentiality unless the law provides to the
contrary. The duty of confidentiality does not apply to the extent that
disclosure is necessary to prepare for or conduct the arbitration hearing on the
merits, in connection with a court application for a preliminary remedy or in
connection with a judicial challenge to an arbitration award or its enforcement,
or to the extent that disclosure is otherwise required by law or judicial
decision.

7. You and Locerax agree that for any arbitration you initiate, you will pay the
filing fee and all other JAMS fees and costs. For any arbitration initiated by
Locerax, Locerax will pay all JAMS fees and costs. You and Locerax agree that
the state or federal courts of the State of California and the United States
sitting in San Francisco, California have exclusive jurisdiction over the
enforcement of an arbitration award.

8. Any claim arising out of or related to these Terms or the Services must be
filed within one (1) year after such claim arose; otherwise, the claim is
permanently barred, which means that you and Locerax will not have the right to
assert the claim.

9. If any portion of this Section 15 is found to be unenforceable or unlawful
for any reason, (a) the unenforceable or unlawful provision will be severed from
these Terms; (b) severance of the unenforceable or unlawful provision will have
no impact whatsoever on the remainder of this Section 15 or the parties’ ability
to compel arbitration of any remaining claims on an individual basis under this
Section 15; and (c) to the extent that any claims must therefore proceed on a
class, collective, consolidated, or representative basis, such claims must be
litigated in a civil court of competent jurisdiction and not in arbitration, and
the parties agree that litigation of those claims will be stayed pending the
outcome of any individual claims in arbitration. Further, if any part of this
Section 15 is found to prohibit an individual claim seeking public injunctive
relief, then that provision will have no effect to the extent such relief is
allowed to be sought out of arbitration, and the remainder of this Section 15
will be enforceable.

xix. GOVERNING LAW

1. The interpretation and enforcement of these Terms, and any Dispute related to
these Terms or the Services, will be governed by and construed and enforced
under the laws of the State of California, as applicable, without regard to
conflict of law rules or principles (whether of the State of California or any
other jurisdiction) that would cause the application of the laws of any other
jurisdiction. You agree that we may initiate a proceeding related to the
enforcement or validity of our intellectual property rights in any court having
jurisdiction. For any other proceeding that is not subject to arbitration under
these Terms, the state and federal courts located in San Francisco, California
will have exclusive jurisdiction. You waive any objection to venue in any such
courts.

xx. GENERAL INFORMATION

1. Please refer to our privacy policy, which is incorporated herein by reference
and available at https://Locerax/privacy/, for information about how we collect,
use, share and otherwise process information about you.

2. You consent to receive all communications, agreements, documents, receipts,
notices, and disclosures electronically (collectively, our “Communications”)
that we provide in connection with these Terms or any Services. You agree that
we may provide our Communications to you by posting them on the Site, by
emailing them to you at the email address you provide in connection with using
the Services, if any, or by Telegram at the username you provided to us during
the course of your use of the Services. You should maintain copies of our
Communications by printing a paper copy or saving an electronic copy. You may
also contact us with questions, complaints, or claims concerning the Services at
legal@Locerax.

3. 17.3.Any right or remedy of Locerax set forth in these Terms is in addition
to, and not in lieu of, any other right or remedy whether described in these
Terms, under Applicable Law, at law, or in equity. The failure or delay of
Locerax in exercising any right, power, or privilege under these Terms will not
operate as a waiver thereof.

4. The invalidity or unenforceability of any of these Terms will not affect the
validity or enforceability of any other of these Terms, all of which will remain
in full force and effect.

5. We will have no responsibility or liability for any failure or delay in
performance of any of the Services, or any loss or damage that you may incur,
due to any circumstance or event beyond our control, including any flood,
extraordinary weather conditions, earthquake, or other act of God, fire, war,
insurrection, riot, labor dispute, accident, action of government,
communications, power failure, or equipment or software malfunction.

6. You may not assign or transfer any right to use the Services, or any of your
rights or obligations under these Terms, without our express prior written
consent, including by operation of law or in connection with any change of
control. We may assign or transfer any or all of our rights or obligations under
these Terms, in whole or in part, with or without notice or obtaining your
consent or approval.

7. Except to the extent otherwise provided or unless the context otherwise
requires, for the purposes of these Terms: (a) headings of sections are for
convenience only and will not be used to limit or construe such sections; (b)
whenever the words “include,” “includes” or “including” are used in these Terms,
they are deemed to be followed by the words “without limitation”; and (c) the
use of “or” is not intended to be exclusive.

8. These Terms contain the entire agreement between you and Locerax, and
supersede all prior and contemporaneous understandings between the parties with
respect to the Services.

9. In the event of any conflict between these Terms and any other agreement you
may have with us, these Terms will control unless such other agreement
specifically identifies these Terms and declares that such other agreement
supersedes these Terms.

10. You agree that, except as otherwise expressly provided in this Agreement,
there is no third-party beneficiaries to the Agreement other than the
Indemnified Parties.

undefined. APPLE-ENABLED SOFTWARE

1. With respect to the mobile application that is made available by Locerax for
your use in connection with an Apple-branded product (the “Apple-Enabled
Software”), in addition to the other terms and conditions set forth in these
Terms, the following terms and conditions apply:

2. Locerax and you acknowledge that these Terms are concluded only between
Locerax and you, and not with Apple Inc. or its affiliates (collectively,
“Apple”), and that as between Locerax and Apple, Locerax, not Apple, is solely
responsible for the Apple-Enabled Software and the content thereof.

3. You may not use the Apple-Enabled Software in any manner that is in violation
of or inconsistent with the Usage Rules set forth for Apple-Enabled Software in,
or otherwise be in conflict with, the Apple Media Services Terms and Conditions
(the “Usage Rules”).

4. Your license to use the Apple-Enabled Software is limited to a
non-transferable license to use the Apple-Enabled Software on an iOS product
that you own or control, as permitted by the Usage Rules.

5. Apple has no obligation whatsoever to provide any maintenance or support
services with respect to the Apple-Enabled Software.

6. Apple is not responsible for any product warranties, whether express or
implied by law. In the event of any failure of the Apple-Enabled Software to
conform to any applicable warranty, you may notify Apple, and Apple will refund
the purchase price for the Apple-Enabled Software, if any, to you; and, to the
maximum extent permitted by applicable law, Apple will have no other warranty
obligation whatsoever with respect to the Apple-Enabled Software, or any other
claims, losses, liabilities, damages, costs, or expenses attributable to any
failure to conform to any warranty, which will be Locerax’s sole responsibility,
to the extent it cannot be disclaimed under applicable law.

7. Locerax and you acknowledge that Locerax, not Apple, is responsible for
addressing any claims of you or any third party relating to the Apple-Enabled
Software or your possession or use of that Apple-Enabled Software, including:
(a) product liability claims; (b) any claim that the Apple-Enabled Software
fails to conform to any applicable legal or regulatory requirement; and (c)
claims arising under consumer protection, privacy, or similar legislation.

8. In the event of any third-party claim that the Apple-Enabled Software or your
possession and use of that Apple-Enabled Software infringes that third party’s
intellectual property rights, as between Locerax and Apple, Locerax, not Apple,
will be solely responsible for the investigation, defense, settlement, and
discharge of any such intellectual property infringement claim.

9. You represent and warrant that (i) you are not located in a country that is
subject to a United States government embargo, or that has been designated by
the United States government as a “terrorist supporting” country; and (ii) you
are not listed on any United States government list of prohibited or restricted
parties.

10. You must comply with applicable third-party terms of agreement when using
the Apple-Enabled Software, including your wireless data service agreement.

11. Locerax and you acknowledge and agree that Apple, and Apple’s subsidiaries,
are third-party beneficiaries of these Terms with respect to the Apple-Enabled
Software, and that, upon your acceptance of the terms and conditions of these
Terms, Apple will have the right (and will be deemed to have accepted the right)
to enforce these Terms against you with respect to the Apple-Enabled Software as
a third-party beneficiary thereof.

12. If you have any questions, complaints, or claims with respect to the
Apple-Enabled Software, the foregoing should be directed to Locerax in
accordance with Section 17.2.


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