These Terms and Conditions (the "Agreement") are applicable to the: (i) web pages, (ii) services, (iii) content, (iv) databases and (v) information (collectively referred to as the "Services") together with the agreements provided by Alta Markets AG ("Alta Markets") to which you may have access by using Alta Markets’s website or any other agreed channel. The content and information included in these Services are provided by Alta Markets and its third party suppliers (collectively, the "Information Providers"). These Services are made available by Alta Markets subject to the terms and conditions stated below.

Alta Markets AG is a company incorporated according to Swiss law with legal seat in Baar, Switzerland (“Alta Markets”). Alta Markets is subject to the rules set out by the Swiss self-regulation organisation Verein zur Qualitätssicherung von Finanzdienstleistungen - “VQF” (in English: The Financial Services Standards Association”). The following Terms and Conditions – Alta Markets Execution (the “Terms”) sets forth the rights and obligations between a Client and Alta Markets for currency Execution Services.

A “Client” shall mean both corporate bodies (legal entities, foundations, associations, etc.) and private individuals who are using and/or are intending to use the Execution Services of Alta Markets.

A Client should read this document carefully. Alta Markets reserves the right to change these Terms at any time. Any amended Terms will be published on Alta Markets website and a Client will be informed via e-mail.

1.1 These Terms apply to and between a Client and Alta Markets for Execution Services, e.g., buy or sell fiat currency for cryptocurrency, buy or sell cryptocurrency for fiat currency and/or buy or sell cryptocurrency for other cryptocurrency, over the counter (the “Execution Services”).

1.2. A Client must read, understand and accept the Terms before using the Execution Services provided by Alta Markets.

1.3. The Terms are considered as read, understood and accepted by the Client, when the Client decides to use the Execution Services provided by Alta Markets.

2.1. A Client must be dully onboarded before accessing Execution Services provided by Alta Markets.

2.2. The onboarding process is prescribed by Alta Markets. The onboarding can vary in scope depending on the type of a Client and can in general be changed or amended as needed due to internal risk policies and procedures, change of regulatory requirements, market conditions or other circumstances relevant for Alta Markets to perform Client due diligence and assess risks.

2.3. A Client must provide Alta Markets with all documents and information requested by Alta Markets. Under no circumstances shall Alta Markets be obliged to return any documents and/or information received during the onboarding process to a Client.

2.4. Alta Markets reserves the right to unilaterally accept or reject any prospective Client in accordance with Alta Markets internal policies and procedures. Alta Markets is not obliged to provide any reasons for its decision.

2.5. From an accepted Client, Alta Markets has a right to request additional documents and/or information and a Client is obliged to provide documents and/or information requested. If a Client does not provide the additional requested documents and/or information, Alta Markets has the right to not provide the Execution Services, including quotes and/or not accept Client instructions, not to execute trades as instructed.

2.6. If the documentation and/or information provided and approved by Alta Markets during initial onboarding process changes, a Client must immediately and without undue delay provide Alta Markets with the additional documents and/or information.

2.7. A Client will receive a notification from Alta Markets when it is either accepted, additional documents and/or information is required, or a Client has been rejected.

2.8. Alta Markets has no obligation to onboard a Client within a certain timeframe. Alta Markets shall under no circumstances be liable for any loss and/or any unrealized gain of a Client because of unfinished onboarding procedure and/or rejection of a Client.

2.9. A Client accepts that information which is sent to the contact details provided to Alta Markets shall be deemed as a proper delivery. This includes both email address and post mail (physical) address.

3.1. Alta Markets acts as an agent/broker when buying or selling fiat currencies or cryptocurrencies.

3.2. As an agent/broker, Alta Markets acts for a Client and applies the best execution principles. Counterparties that Alta Markets executes transactions with include OTC market makers and exchanges. This execution service carries counterparty risks. Counterparty risk refers to a risk that a counterparty may not be able to fulfill its financial obligations as agreed upon in a contract or a transaction. These risks may include but are not limited to a credit risk, default risk, insolvency risk, and operational risk.

3.3. Alta Markets AG shall not be liable for any loss which a Client may suffer as a consequence of a counterparty defaulting or breaching its legal obligations. This includes but is not limited to (i) a loss of positive mark to market on open trades (ii) collateral placed with a counterparty as margin requirement for open trades.

3.4. Alta Markets reserves the right to restrict or cease the provision of the Execution Services or other services to comply with applicable law or regulations, standards of self- regulation, contractual provisions, business or trade practices, internal rules and policies and to ensure the performance according to the standards of due care.

3.5. Alta Markets may freeze any funds, limit or refuse the execution of orders or instructions or refuse to accept funds any time in its discretion, in particular if it considers such measure to be required or beneficial for the protection of a Client. Orders may not be executed if they are not fully funded.

3.6. Orders and instructions such as in-coming and out-going transfers are processed by Alta Markets in a reasonable time. However, delays can always occur for various reasons, not limited to verification processes, origin of funds clarifications, checking compliance with regulations or technical/operational reasons.

3.7. Alta Markets has established a proof-of-ownership process to verify that a Client is in control of external blockchain addresses used for transfers connected to Alta Markets Services. Alta Markets will only execute transfer requests to or from verified external blockchain addresses.

4.1. Alta Markets offers Execution Services through its own execution desk.

4.2. A Client must be onboarded in accordance with paragraph 2 of these Terms for the provision of the Execution Services.

4.3. After being successfully onboarded and accepted, a Client will have assigned account manager from Alta Markets (“Account Manager”).

4.4. A Client can contact the Account Manager to request a quote for a given cryptocurrency that is available for execution by Alta Markets.

4.5. A pending quote-request from a Client shall under no circumstances be considered as a binding instruction or agreement to which either Party is bound or committed in any way.

4.6. A Client acknowledges and accepts, that Alta Markets under no circumstances can be liable for the loss of profits and/or limitation of losses resulting from not being able to buy or sell in the period of which a quote request from a Client is pending. This applies both to when a quote request is answered after a long waiting and for when a quote request is not answered at all.

5.1. Alta Markets will do its best effort to provide a Client with the best execution of an order possible. The best execution is not necessarily the best price, but also takes into account market conditions, stability of the available execution platforms, volume, cost, speed and other factors relevant for the execution of the order.

5.2. A Client accepts that a limit order placed by Alta Markets on behalf of a Client cannot be changed outside the working hours as stipulated in provision 6.1 in these Terms.

5.3. A Client accepts that Alta Markets cannot guarantee a full execution of a limit order due to liquidity shortage or other market conditions in general, even if the asset has been traded at any execution above or below a Client’s limit.

5.4. For stop-loss orders placed by Alta Markets on behalf of and under instruction from a Client, a Client further accepts that the order might not be executed at the given price due to liquidity shortage and that a slippage might occur as a further result hereof.

5.5. Alta Markets offers to buy and sell cryptocurrencies that are listed on major cryptocurrency exchanges and it remains at the sole discretion of Alta Markets to decide which cryptocurrencies can be bought or sold through Alta Markets.

5.6. A Client accepts that Alta Markets cannot guarantee that cryptocurrencies bought through Alta Markets can also be sold through Alta Markets.

6.1. A Client can request Alta Markets to send an execution confirmation for an executed order.

6.2. Alta Markets will send such execution confirmation within 24 hours of a Client’s request.

6.3. The execution confirmation will be sent to the e-mail account or other electronic means of communication provided by a Client.

7.1. Alta Markets execution desk is available from Monday to Friday from 9am to 5pm, excluding Switzerland’s Bank Holidays.

7.2. Under no circumstances can Alta Markets become liable for any losses and/or missed profits due to execution requests not being answered according to provision 4.3.-4.11. of these Terms which also extent to requests made outside of the execution hours.

8.1. A Client is obliged to pay Alta Markets a fee (the “Fee”) upon the Execution Services provided by Alta Markets. The final price for the Execution Services is always a combination of the execution Fee and the execution quote.

8.2. The above-mentioned Fees do not include deposit fees, cryptocurrency execution commissions, cryptocurrency execution fees, stamp duties or any other fees, costs and expenses levied by third parties and charged directly or separately to a Client.

9.1. A Client fully acknowledges the risks inherent with use of the Execution Services provided by Alta Markets. Such risks may include but are not limited to:

9.2. A Client fully acknowledges his personal liability for any and all potential losses resulting from an investment and that Alta Markets only performs Client’s order execution under instructions from and on behalf of a Client, thus keeping Alta Markets free of any liability and/or losses (so-called execution-only).

9.3. A Client is solely responsible for all legal risks associated with using the Execution Services provided by Alta Markets. A Client guarantees to comply with and act within all legal boundaries within the applicable jurisdiction to the business relationship especially including but not limited to tax laws.

9.4. A Client accepts and releases Alta Markets of responsibility for all risk and damages resulting from an undetected transmission error, misunderstanding, hacking or fraud arising from instructions given via e-mail or any other electronic communication channel.

9.5. Past performance is no guarantee of current or future performance. The value of an investment may rise or fall for multiple reasons. Fluctuations in execution rates may also cause the value of investments to rise or fall.

9.6. A Client is aware that Alta Markets is not a depository institution and can therefor only handle fiat or cryptocurrencies in connection with an actual buy or sell transaction or settlement. This may require that Alta Markets, after notifying a Client, may convert fiat currency into crypto assets or send the fiat currency back to Client’s account if a Client does not provide Alta Markets with further instructions.

10.1. Alta Markets reserves the right to withdraw quotes, to not provide quotes or to not execute orders in exceptional markets conditions, especially but not limited to circumstances which results in liquidity shortage.

11.1. The contractual relationship between Alta Markets and a Client may be terminated at any time and for any reason by Alta Markets.

11.2. The contractual relationship between Alta Markets and a Client may be terminated by a Client with immediate effect for any reason.

11.3. Notice of termination shall be in the form of a written notice and termination shall be effective upon the receiving Party’s receipt of such notice.

11.4. A Client accepts that a notice which is sent in accordance with the contact details provided to Alta Markets shall be deemed as a proper delivery. This includes both email address and post mail (physical) address.

11.5. A Client agrees that, upon termination a Client shall: (i) pay all outstanding debts to Alta Markets in full within ten (10) days; (ii) be bonded by all outstanding orders; and (iii) be bonded by all outstanding commitments with respect to completed orders.

11.6. Without limiting the immediately preceding sentence, Alta Markets may also terminate the access to Alta Markets website for any Client at any time, for any reason or no reason. Such Client shall have no recourse and Alta Markets shall have no liability with respect to any such termination.

11.7. All provisions of the Terms relating to warranties, confidentiality obligations of a Client, proprietary rights, limitation of liability, indemnification obligations and payment obligations shall survive the termination or expiration thereof.

12.1. A Client warrants that it acts within and complies with all legal requirements applicable to the relevant jurisdiction when using the services provided by Alta Markets.

12.2. It is Client’s responsibility to asses and cohere to the applicable tax regulations.

12.3. For a private individual Client, a Client warrants that only a Client itself, who has been onboarded, is using the Services at Alta Markets personally.

12.4. For corporate Clients the person authorised to represent the company, foundation, association and/or another organisation and trade on its behalf according to the forms provided during the onboarding process, warrants that only the authorised person is the user of the Execution Services provided by Alta Markets. If other person(s) shall be allowed to use Execution Services on behalf of the onboarded corporate Client, a Power of Attorney must be presented to and approved by Alta Markets.

13.1. Alta Markets shall not be liable to a Client for any failure, damages, claims and/or losses from circumstances beyond its reasonable control. Such situations include but are not limited to: telecommunication difficulties, failures or disruptions, non-availability to the execution technical platform for any reason, shut downs or other non-availability of executions for any reason, regulatory interference, enactment of new legislation, measures taken by authorities, power failure, internet service provider failure, industrial action, civil unrest, strikes, lock outs or blockades (whether or not Alta Markets is a party to the conflict), catastrophes of nature, fire, flood, storms, earthquakes, acts of terrorism, acts of war, governmental action or any other event that is beyond the control of Alta Markets, notwithstanding that only part of Alta Markets’s functions are affected by such events (“Force Majeure”).

13.2. Alta Markets is released from any liability for partial or complete failure to perform its obligations under the Terms including regarding any order and transaction pursuant to the Terms, if such failure is caused by Force Majeure circumstances.

13.3. A Force Majeure situation does not terminate the Terms but immediately suspends the obligations of Alta Markets for all duration of the Force Majeure situation.

13.4. Alta Markets shall swiftly inform a Client in case it invokes a Force Majeure situation. This notice shall specify the date and time, the cause and the expected duration of the Force Majeure situation.

13.5. Alta Markets shall use commercially reasonable efforts to resume performing its obligations after the ending of a Force Majeure situation.

13.6. Alta Markets and a Client agree to postpone any claim towards each other until the ending of the Force Majeure situation.

14.1. To the extent permitted by law, Alta Markets does not accept any liability for the risks associated with the execution of trades and/or providing further services to a Client.

14.2. Alta Markets limits its liability for appointed auxiliary persons. It does not assume any liability for damage and/or loss caused by its auxiliary persons in carrying out their work in the event of slight misconduct.

14.3. Alta Markets is not liable for any indirect and/or consequential losses, such as any loss of earnings and/or third-party claims for damages.

14.4. Alta Markets offers its services with the customary duty of care.

14.5. In all events, the aggregate liability of Alta Markets for any reason and upon any cause of action, including, without limitation, acts or omissions by Alta Markets or third parties and outages or non- availability of the services of Alta Markets or any of the connected services, shall not exceed the amount of Fees, if any, paid by a Client to Alta Markets in connection with the order that gave rise to the cause of action in question.

15.1. A Client accepts and acknowledges that airdropped tokens become the sole property of whoever owns the private key to the airdrop-receiving address at the time of the airdrop.

16.1. A Client shall indemnify, defend, and hold harmless Alta Markets, its officers, affiliates, directors, equity holders, agents and employees with respect to any claim, demand, cause of action, debt, judgment or liability, including reasonable attorneys’ fees, to the extent that it is based upon a claim that: (i) arises out of or in relation to their use of the Execution Services of Alta Markets and is not caused by the negligence or conduct of Alta Markets; (ii) if true, would constitute a breach of any of their representations, warranties or agreements hereunder; or (iii) arises out of their gross negligence, wilful misconduct or abandonment. Alta Markets may, at its discretion and at its own expense, assist in the defence of any indemnified claim through counsel selected by Alta Markets. Any settlement intended to bind Alta Markets shall not be valid or binding on Alta Markets without Alta Markets prior written consent.

17.1. If Alta Markets processes Client’s data, it shall take appropriate measures to ensure data protection.

17.2. Alta Markets may be obliged to disclose Client’s data (in particular name, address and account number or International Bank Account Number “IBAN” to the banks involved, the operators of payment and communication systems at home and abroad, as well as to the beneficiaries) to third parties. By using the services of Alta Markets, a Client expressly authorizes Alta Markets to disclose the relevant data as well as any associated information to third parties.

17.3. Alta Markets may be obliged to share other data obtained from a Client (in particular KYC documentation, documentation regarding origin of funds) with involved banks to facilitate the execution of payments. A Client expressly authorizes Alta Markets to disclose the relevant data as well as any associated information to third parties.

17.4. A Client accepts, that Alta Markets may disclose Client’s data in order to fulfil regulatory or legal information requests from authorities or to safeguard legitimate interests of Alta Markets.

17.5. Alta Markets is authorised to buy, save, combine and collect Client’s data with the purpose of creating a Client profile which may be used for marketing purposes.

18.1. Alta Markets does not offer any of its services to US persons (persons with sole or additional citizenship of the United States and/or residence in the United States), even if they are domiciled outside the United States.

18.2. A Client is obliged to inform Alta Markets at least thirty (30) days in advance in written form of any future circumstances which may cause him to be regarded as US person.

19.1. A Client and Alta Markets are independent contractors, and no agency, partnership, joint venture, employer-employee or other similar relationship is intended or created by Client’s acceptance of the Terms and/or further agreements with Alta Markets.

20.1. Alta Markets reserves the right to outsource business areas and services to group companies or third parties. A Client accepts that its data can be processed and send to said parties in relation hereto. A Client further accepts that said parties may transfer its data to further outsourcing providers. All provided data shall be kept confidential by the data processing parties.

21.1. Alta Markets reserves the right to amend the Terms as needed.

21.2. Amendments of these Terms shall be notified to a Client in advance. A Client is deemed to have accepted any such amendments of these Terms if the Client does not within one month of the notification notify Alta Markets that it does not accept the amendments.

22.1. The Terms set forth in this document are subject to and shall be construed in accordance with Swiss legislation exclusively.

22.2. The place of arbitration shall be the courts of Zug.

23.1. A Client is deemed to have read, understood and accepted the Terms when successfully onboarded.

23.2. A Client is deemed to have read, understood and accepted the most recent Terms and other regulations issued by Alta Markets when using Services.

23.3. The most recent Terms and other documents are always available on Alta Markets’s website.