Globalite SA Terms and Conditions

1. Scope

These terms and conditions ("Terms") apply to the services offered by Globalite SA, c/o Amministra Consulting SA, Piazza Indipendenza 3, 6900 Lugano, Switzerland ("Company"), available on https://www.globalite.ai/ ("Website"), in particular the Globalite Custody, the Globalite Exchange Service, and the Globalite Crypto Credit Service, as well as any other services offered by the Company that reference these Terms (together the "Services"),

To access or use the Services, you ("Customer") have to agree to these Terms. If the Customer does not agree to these Terms, the Customer may not use or access the Services.

These Terms, together with all other referenced documents, form a legally binding agreement ("Agreement") between the Company and the Customer.

Unless explicitly stated otherwise, any reference to goods and services on the Website is for informational purposes only and does not constitute an offer to buy or sell any goods or services.

The Services are provided exclusively to persons who are at least 18 years of age. Accounts registered by bots or automated methods are not authorized and will be terminated.

2. Services

Unless explicitly agreed otherwise with a Customer, and as amended from time to time, the Services include the following functionalities:

2.1 Globalite Account

The Globalite Account is the Customer's personal account on the Website, which is available after registration (see below) and contains more information about the Services and their pricing. The Globalite Account provides the following functions:

1. Submitting a request to use one or more Services;
2. Viewing the Customer's current balance and full transaction history;
3. Updating personal information;
4. Deposit, withdraw, and transfer digital assets, if such options are enabled in the Customer's Globalite Account, with availability subject to change at the Company's sole discretion;
5. Perform other actions directly connected to the above;
6. Any other related functionalities that the Company may offer from time to time.

2.2 Globalite Custody

The Globalite Custody service can be accessed through the Customer's Globalite Account, subject to prior approval by Globalite, and provides the following functions:

1. Deposit of certain pre-approved cryptocurrencies, tokens, coins, and other kinds of digital assets ("Digital Assets") into the custody of Globalite ("Deposited Assets");
2. Transfers of Digital Assets between different Globalite Custody accounts; and
3. Withdrawals to external destinations.

The Company shall keep the Deposited Assets on a segregated on-chain address for the Customer and shall be obliged, within the sense of art. 242a of the Swiss Debt Enforcement and Bankruptcy Act, to maintain the Deposited Assets available for the Customer at all times, except as agreed otherwise.

The Customer represents and warrants that it is the beneficial and/or legal owner of any Deposited Assets deposited into Globalite Custody, or of any fiat currency transferred to Globalite used to purchase Digital Assets.

The Customer remains the legal and beneficial owner of all Digital Assets deposited in their Globalite Custody, except as otherwise provided in these Terms. The Company reserves the right to refuse to accept certain Digital Assets for custody if they are unsupported, restricted, or otherwise prohibited. The Company may, at its sole discretion, impose limits on the quantity, type, or transferability of Digital Assets.

The Customer may request to withdraw Deposited Assets to an external wallet at any time, subject to the availability of the relevant service and fees stated on the Website, and except for assets that are subject to prohibitions or restrictions indicated in the Customer's Globalite Account or on the Website. Withdrawal requests will be processed as soon as reasonably practicable, but processing times may vary depending on network conditions and compliance requirements and may be subject to obtaining identifying information about the recipient.

The Customer must verify all transaction details before submitting transfer instructions to the Company, as once processed, such transfers cannot be cancelled or reversed by the Customer or the Company. The Customer is solely responsible for ensuring the accuracy of any transfer instructions, and acknowledges that errors may result in the permanent and irreversible loss of the Customer's Digital Assets. The Company has no responsibility or control over the recipient or destination of transferred Digital Assets, nor over their delivery, quality, security, legality, purpose, or any other aspect of the transfer.

The Customer must have a sufficient balance of the relevant Digital Asset in their Globalite Custody before instructing the Company to execute a transfer. If there are insufficient assets, the transfer request will be declined. By submitting a transfer instruction, the Customer authorizes the Company to debit their Globalite Custody for the full amount required to complete the transfer.

The Customer may request the withdrawal of the fiat currency equivalent of certain Digital Assets, by authorizing the Company to sell the relevant assets and transfer the fiat proceeds to a designated bank account, debit card, or credit card, subject to the prohibitions and restrictions indicated on the Website and in the Globalite Account.

The Company reserves the right, at any time and at its sole and absolute discretion, and as reflected and updated from time to time on the Website, to:

• Approve or reject, in whole or in part, any request to withdraw to Deposited Assets in fiat and/or to a third-party account;
• Apply a reasonable withdrawal fee to any withdrawal transaction with a 30-day notice, as described on the Website.

2.3 Globalite Exchange

The Globalite Exchange service enables the Customer to exchange one supported Digital Asset for another supported Digital Asset directly on the Website.

The Company may engage one or more third-party service providers to facilitate the Globalite Exchange.

Initiating a transaction: The Customer may initiate an exchange transaction by selecting a trading pair or a crypto bundle and using available Deposited Assets in their Globalite Custody. The Customer must ensure they have deposited the required amount of Digital Assets in their Globalite Custody and otherwise will need to top up or transfer the required amount to their Globalite Custody before initiating an exchange transaction.

Placing an order: Before placing an order, the Customer must select the type and amount of Digital Assets to sell and the counter Digital Asset to buy, or the applicable crypto bundle, for exchange orders:

• Swap Order: An instruction to the Company to execute an exchange transaction at the best available price across the relevant exchanges. The price will be displayed on the Website and, if available on multiple exchanges, the Company will attempt to secure the best price without guarantee.

Cancellation and processing: An exchange transaction cannot be cancelled once instructions have been submitted. Orders are generally processed immediately, but technical delays may occur, for which the Company is not responsible. Upon execution, the counter Digital Assets are credited, the Customer's balance is updated, and the Customer will receive an email confirmation.

Order restrictions: The Customer may not place orders:

1. With Digital Assets not held in the Globalite Custody;
2. Beyond permitted limits, except in cases described on the Website;
3. If the Digital Assets serve as collateral for a loan with an LTV (as defined below) higher than that of the counter Digital Assets;

An order may be refused due to network/resource shortages, significant price discrepancies, or lack of counter Digital Assets on exchanges.

Special Limits and Exceptions: The Company may allow transactions beyond the standard limits for certain base Digital Assets, as indicated on the Website.

2.4 Globalite Crypto Credit

2.4.1 Credit and Collateral

The Globalite Crypto Credit service enables the Customer to access credit facilities secured by eligible Digital Assets that the Customer or the Company, on the Customer's behalf, has transferred from the Deposited Assets into a segregated collateral vault ("Collateral Vault").

Granting of Credit: The Company may grant a credit in certain specified stablecoins or fiat currencies to the Customer subject to the applicable terms ("Credit") upon receipt of the required Digital Assets to serve as collateral ("Collateral") in the Collateral Vault. All types of Digital Assets accepted as Collateral are listed on the Website and within the Customer's Globalite Account and are subject to periodic review and adjustment in the sole discretion of the Company.

Loan-to-Value Ratio: The value of the digital asset credit is determined according to the applicable loan-to-value ("LTV") ratio displayed on the Website and subject to change at the Company's discretion. The LTV compares the amount of credit granted, including any accrued interest, to the current value of the Collateral at the time of issuance.

Collateral Valuation: The value of Collateral is calculated dynamically in accordance with the Company's internal policy, applying margin percentages to the market value and using an exchange rate derived from the volume-weighted average price across major cryptocurrency exchanges. The Customer must maintain the required level of Collateral at all times to comply with the applicable LTV.

Collateral Substitution: The Customer may replace Collateral at any time by initiating a Digital Asset Swap Order under clause 2.3 of these Terms, provided that the LTV of the replacement Digital Asset is equal to or greater than that of the Digital Asset being replaced. Upon execution, the replacement Digital Assets will be credited to the Customer's Globalite Custody, the credit balance will be updated, and the substitution will be considered complete. If the replacement Digital Asset's LTV exceeds that of the original Collateral, only the portion needed to match the original LTV will be held as Collateral, and any excess will remain available to the Customer. There is no limit to the number of substitutions while the credit remains active.

Custody of Collateral in the Collateral Vault: The Company shall keep the Collateral in the Collateral Vault on a segregated on-chain address for the Customer and shall be obliged, within the sense of art. 242a of the Swiss Debt Enforcement and Bankruptcy Act, to maintain the Collateral available for the Customer at all times, subject to the prior full repayment of the Credit, including interest and any other fees or charges that may apply.

2.4.2 Interest

Accrual of Interest: Compound interest will accrue annually from the Credit start date at the rate specified at the time the Credit is granted and shown in the Customer's account and on the Website. The Company may adjust the interest rate periodically at its sole discretion.

Calculation Method: Interest is calculated daily at a fixed time based on the actual number of days elapsed, using a 360-day year basis. No periodic interest repayments are required, and accrued interest will be reflected in the Customer's account.

2.4.3 Margin Calls and Liquidation

Margin Calls: If the LTV exceeds certain thresholds, as displayed on the Website, the Customer must either add more Collateral and/or make partial repayments to restore compliance.

Automatic Transfers: If enabled by the Customer, the Company may automatically transfer Deposited Assets from the Customer's Globalite Custody to the Collateral Vault to serve as additional Collateral, as long as the Customer has sufficient Deposited Assets in their Globalite Custody.

Liquidation Rights: If the LTV surpasses the maximum allowable limit, the Company may liquidate sufficient Collateral to restore compliance. The Customer expressly authorizes the Company to sell, assign, transfer, or acquire the Collateral privately, without further consent. The Company will only sell, assign, transfer, or acquire as much collateral as is necessary to ensure the LTV stays within the thresholds displayed on the Website at the time of the granting of the Credit.

No Obligation to Notify: The Company may, but is not obligated to, inform the Customer before liquidation. It remains the Customer's sole responsibility to monitor market conditions and maintain LTV compliance.

2.4.4 Term of the Globalite Crypto Credit Service

The Credit matures 12 months from the start date.

Unless repaid in full, including all accrued interest, unless notified by the Company with 30 days' prior notice, or unless the accrued interest is not repaid in full at the end of the 12 months from the start date, the Credit automatically renews for successive 12-month terms without limit. In case of a renewal, the Credit is rolled over until the next maturity, but the accrued interest must be paid at the initial, 12 month maturity calculated from the start date. In the event that all Collateral is liquidated, the Credit is automatically terminated.

2.4.5 Repayment and Withdrawal

Repayment Obligation: The Credit must be repaid by its maturity date unless renewed under clause 2.4.4. Accrued interest must be paid latest 12 months from the start date.

Repayment Methods: The Customer may repay the Credit in whole or in part at any time before maturity using:

1. Deposited Assets available in the Customer's Globalite Custody;
2. Transferred Digital Assets or fiat currency of the same type as the Credit, or other types accepted by the Company;
3. The Collateral; or
4. A combination of the above.

Allocation of Repayments: Repayments will be applied first to fees (if applicable), then to accrued interest, and finally to the principal amount.

Return of Collateral: Once the credit is fully repaid, any remaining Collateral will be released from the Collateral Vault to the Globalite Custody or to another account as indicated by the Customer.

Discounts: The Company may, at its discretion, offer partial or full discounts on principal, interest, or fees under terms it determines appropriate.

Certain Services, features thereof, and/or specific Digital Assets may, from time to time, be unavailable or restricted for certain customers and/or in respect of certain assets. Any such unavailability or restriction may be imposed or amended at any time, and shall be indicated in the relevant Account and/or on the Website.

3. Waiting List

The waiting list allows interested individuals to express their interest in future Globalite products or services. Joining the waiting list does not:

• Guarantee the Customer access to the product or service;
• Constitute an offer, contract, or obligation for the Company to provide any product or service; or
• Guarantee any specific launch date or feature set.

By joining the waiting list, the Customer agrees that we may contact them via email or other means provided during registration for:

• Updates on the Company's products or services; and
• Marketing and promotional communications.

The Customer can unsubscribe from marketing communications at any time by using the "unsubscribe" link in the Company's emails or by contacting the Company at compliance@globalite.co.

The waiting list is provided "as is" and without warranty of any kind. The Company does not guarantee any future product release, availability, or timing.

4. Registration

The Customer needs to register a Globalite Account to access and use all or part of the Services.

The Customer must provide accurate, current, and complete information during registration and keep their account information up-to-date. Accounts registered by bots or automated methods are not authorized and will be terminated. Customers are not allowed to maintain more than one Globalite Account or open a new account if a previous Globalite Account has been suspended, restricted, or closed by the Company.

The Customer is responsible for maintaining the confidentiality and security of their account credentials and may not disclose their credentials to any third party. The Customer is responsible and liable for activities conducted through their account and must immediately notify the Company if there is any suspicion that their credentials have been lost, stolen, or their account is otherwise compromised.

If and as permitted or required by applicable law, the Company may (i) ask the Customer to provide identification or other information, (ii) undertake checks designed to help verify the Customer's identity or background, and (iii) screen the Customer against third-party databases or other sources and request reports from service providers. The Company may temporarily or permanently limit the Customer's access to certain Globalite Services based on the checks and screens.

The availability of Globalite Services and the applicable terms may vary depending on the Customer's declared country of residence. If the Customer provides inaccurate or incomplete residence details or other relevant information, intentionally or otherwise, and this results in the application of incorrect terms, the correct terms will apply retroactively from the date the incorrect information was provided. Transactions, interest, benefits, proceeds, or services obtained under the incorrect terms may be reviewed, cancelled, or adjusted, unless otherwise required by applicable law. Failure to follow the Company's instructions regarding such adjustments may result in account suspension, closure, legal action, or other remedies available under law.

5. Fees and Payment

The use of the Globalite Services is subject to the fees as indicated in a fee schedule, on the Globalite Website, in the Customer's Globalite Account, or as otherwise agreed with the Company (e.g., withdrawal fees, redemption fees, inactivity fees). Such fees may also include third-party costs (e.g., bank fees, card processing fees, gas fees), and are exclusive of taxes unless specified otherwise. Third-party fees may not be calculable in advance, may be charged separately, and are payable directly to the third-party provider.

The Customer must pay the fees and interest payments as described on the Website via the payment methods made available by the Company.

The Company reserves the right to directly deduct the fees, interest payments, and all other payments due to the Company from the Customer's available Digital Assets in the Globalite Custody. If there are insufficient Digital Assets in the Customer's Globalite Custody, the Company will issue an invoice to the Customer, which is due within 7 days. Late payments result in an interest rate of 15% p.a.

If not explicitly stated otherwise, all fees are in CHF.

The Company may change its fees and interest rates from time to time. Any price and interest rate changes will apply no earlier than 30 days following notice to the Customer.

In case the Customer does not pay the applicable fees as agreed between the parties and after notice of non-payment, the Company reserves the right to limit or suspend access to the Services. In case of a suspension, the Customer remains liable for all charges and fees incurred during the suspension period.

Any right to set off, retain, deduct, counterclaim and/or withhold any payments due under the Agreement vis-à-vis the Company is hereby expressly waived and excluded.

If the Customer selects a payment method with chargeback rights, the Customer agrees not to use such right unless:

• the Company materially breached the Agreement, or
• the Customer's payment method was used by an unauthorized user and such unauthorized use was not Customer's fault.

Except where prohibited by law, all fees and interest payments are non-refundable.

6. Rights & Obligations of the Company

The Company will provide the Customer with the Services as agreed in the Agreement. The Company:

• is permitted and possibly required by law to suspend access to the Services or the Customer's account based upon reasonable determination of the occurrence or potential for occurrence of illegal or wrongful activity, fraudulent use or attempted fraudulent activity. In case of a suspension, the Customer remains liable for all charges and fees incurred during the suspension period;
• is permitted to refuse to open the Customer's Globalite Account or to prohibit access to the Services, in whole or in part, at the Company's sole discretion and without an obligation to provide a reason.

The Company may amend the Terms, including the applicable fees, from time to time at its sole discretion by publishing an updated version of the Terms on the Company's websites. Where possible, the Company will electronically notify the Customer of any material changes to the Terms. The Customer should check the Terms regularly and only use the Services upon acceptance of the changes to the Terms. The Customer's continued use of the Services following any amendments indicates acceptance of the changes to the Terms.

The Company constantly develops and improves its Services and may modify or either temporarily or permanently stop providing the offered Services or any part of it at its sole discretion. In case of material changes to the Services, i.e., changes significantly altering the nature and scope of the Services provided to the Customer according to the Agreement, the Company will notify the Customers that are directly affected by such changes, and where reasonably possible.

The Company reserves the right to ask the Customer to provide feedback through forms, questionnaires, and polls in order to improve their Services ("Feedback"). The Company may use, or not use, any such Feedback, without any obligation, whether financial or otherwise, to the Customer. The Customer assigns all rights (including but not limited to intellectual property rights), title, and interest in the Feedback to the Company and acknowledges it has no claim in relation to the Feedback.

7. Rights & Obligations of the Customer

The Customer agrees to use the Services in compliance with the Agreement and all legal and moral obligations applicable in the territory where they are located.

The Customer is obliged to cooperate in the performance of this Agreement to the necessary extent free of charge. The Customer is obliged to provide the Company with all necessary information, documents, materials, access, software, data, as well as competent staff, and anything else reasonably required for the provision of Services. Furthermore, the Customer is obliged to inform the Company immediately if errors or faults occur and to support the Company in the analysis and, if necessary, in the elimination of errors and faults to the extent required.

If the provision of Services under this Agreement is delayed due to the Customer's failure to comply with his duty to cooperate or due to other circumstances for which the Customer is responsible, the Customer shall bear the disadvantages and additional costs incurred.

The Customer must immediately inform the Company of all circumstances within its sphere that might endanger or may be relevant to the providing the Services and all misuses or suspicions of misuse of the Services.

The Customer may not:

• circumvent or attempt to circumvent any security protection of the Services;
• use the Services in unlawful or fraudulent ways or for any unlawful or fraudulent purpose or effect;
• access the Services via any automated system or take any action that may impose an unreasonable load on the Company's infrastructure;
• bypass the measures that the Company may use to prevent or restrict access to or use of the Services.

The Customer agrees it will not, unless with the Company's prior written permission:

• try to decompile or reverse engineer the Services or any part of it, or derive the source code;
• copy, modify, distribute, reproduce, translate, disassemble or use in any other way any information, text, graphics, images, software obtained from the Services, or any other part of the Services;
• create derivative works based on the whole or any part of the Services or any content available on the Services.

The Customer may not sell, sublicense, allow access, or make the Services or any part of it otherwise available to third-parties.

The Customer is solely responsible for any tax filings, registrations, and payments due to the relevant tax authority, as required by the applicable law.

Failure to comply with any of the Customer obligations may result in the limitation or closure of the Customer's Globalite Account and/or access to their Deposited Assets. The Customer acknowledges that they will not be entitled to claim compensation for any losses resulting from such actions.

8. Term & Termination

The Agreement between the parties remains in full force and effect until its termination by either party.

Either party may terminate the Agreement at any time with immediate effect by text notice, apart from the Globalite Crypto Credit Service, for which clause 2.4.4 applies.

Termination does not affect any rights, obligations, or liabilities of either party that have accrued before or are intended to stay effective beyond termination.

9. Intellectual Property

Each party retains all rights, titles, and interests to its own intellectual property, including all copyrights, inventions, trademarks, designs, domain names, know-how, trade secrets, data and other intangible property rights ("Intellectual Property Rights"). All Intellectual Property Rights in the Services or any part of it remain vested in the Company.

10. Confidentiality & Privacy

The Company collects and processes personal data as described in its Privacy Policy. The Company protects the collected personal data by means of appropriate technical and organizational measures and in accordance with the data protection legislation applicable in Switzerland.

The Customer authorizes the Company to use, process, and store relevant data for the performance of the Agreement and to use anonymized data to improve its services or for analysis purposes.

11. Liability

The Company is fully liable to the Customer for damages resulting from the Company's gross negligence or wilful misconduct.

In all other cases, the Company's liability under the Agreement is excluded to the maximum extent permitted under applicable law, including with respect to loss of Deposited Assets, Collateral, profit, data, or goodwill, or any direct, consequential, incidental, indirect, punitive, or special damages in connection with claims arising out of this Agreement or otherwise relating to the Services, whether or not the likelihood of such loss or damage was contemplated. Also, the Company is not liable for inaccuracy or incompleteness of the Services, or the incompatibility of the Services with any specific objectives that the Customer is hoping to achieve.

Neither party shall be liable for any failure to perform its obligations under this Agreement (other than payment obligations) caused by circumstances beyond the parties' reasonable control (force majeure).

12. Representations & Warranties

The Customer acknowledges that the Services are provided "as is" and "as available", and the Company makes no representations or warranties of any kind related to the Services or the information and materials contained thereon. The Company makes the Services available to the Customer and uses reasonable care and skill in the performance of the Services.

The Company does not guarantee that the Services are error-free and will function without any interruption or disruption. The Company may, at its own discretion, carry out maintenance or improvements to the Services and its infrastructure, and the Customer acknowledges that this may result in temporary delays and interruptions from time to time. Where reasonably possible, the Company will inform the Customer about potential interruptions in advance. Any further warranty is excluded.

13. Risk Disclosure

The Customer fully acknowledges and accepts the risks inherent in using the Services. Investing in Digital Assets contains various specific risks, which may differ from those applicable to traditional markets and assets. The Customer confirms to be informed and have understood the risks of Digital Assets and to be willing and able to take these risks. The Customer is aware that the value of digital assets may exhibit high volatility, resulting in substantial or total losses over short periods of time, and may depend upon external factors, for example highly concentrated ownership structures, hard fork and airdrop risks, limited network adoption risks, failures, closures, or insolvencies of exchanges or digital asset issuers, or changes in the regulatory landscape, which can negatively impact market prices.

The Company applies customary care in taking measures to address the risks within its control. The Customer shall bear loss and damages resulting from the realisation of risks outside the control of the Company, or that cannot be directly attributed to any non-compliance of the Company with its duties of care.

The use of communication methods contains various risks which may result in loss or damages. Relevant risks may include the risk of transmission errors, alterations, or duplications or other irregularities, the risk of interception or manipulation of content by unauthorized third parties or the risk of introduction of viruses or other malware. The Customer acknowledges and accepts the risks associated with the use of communications methods.

The Customer shall implement and maintain with due care all appropriate security precautions with respect to the Website and the communication methods used with the Company, and furthermore, protect the devices, systems, software, and networks on its end against electronic attacks and unauthorized use, in particular ensure that the latest version of the Website is used. The Customer acknowledges and accepts the risks associated with the use of the Website.

In case of uncertainties, such as unusual errors, unexpected system behaviour or similar circumstances that lead to the suspicion of unusual or criminal behaviour, the Customer is obligated to inform the Company immediately.

All information provided on the Website is general in nature and does not constitute financial advice or an investment offer. Use of the Services is voluntary and at the Customer's risk.

14. Marketing

By signing up for the Company's newsletter, the Customer agrees that the Company may contact them and inform them about updates on the Services and new products from time to time. The Customer can at any time unsubscribe from the contact list by sending an email to support@globalite.co.

15. Miscellaneous

Entire Agreement: The Agreement constitutes the entire agreement between the Company and the Customer, and supersedes all prior agreements, between the parties relating to the subject matter of the Agreement.

Changes to Terms: The Company may, from time to time, change these Terms. The Company will notify the Customer at least 30 days before such changes apply to the Customer.

Notices: Notices must be given in writing, including e-mail, and need to be communicated:

• To Company's attention: via email to: support@globalite.co;
• To Customer's attention: by publishing on the Website or the Customer's Globalite Account, or where explicitly agreed between the Parties via email to the last e-mail address provided for this purpose by the Customer. It is the Customer's responsibility to keep provided contact information current.

No Assignment: The Customer may not assign any of its rights, obligations, or claims under the Agreement without the previous consent of the Company.

Severability: If any provision of the Agreement (in whole or part) is held to be illegal, invalid or otherwise unenforceable, the other provisions will remain in full force and effect.

Language: These Terms are available in more than one language version. In case of discrepancy between the English version of these Terms and any translated version, the English version prevails.

No class action: Any dispute resolution proceeding will be conducted solely on an individual basis and not as a plaintiff or class member in any class, consolidated, or representative action. No court or other dispute resolution authority may consolidate more than one claim or preside over any form of class or representative proceeding. Any relief granted may not affect other customers of the Services.

Governing Law & Jurisdiction: These Terms, and all claims or causes of action that may be based upon, arise out of or relate to these Terms shall be governed by and construed in accordance with the substantive laws of Switzerland, excluding its conflict of law provisions and the United Nations Convention on Contracts for the International Sale of Goods (CISG). The ordinary court at the seat of the Company has jurisdiction for all disputes arising from or in connection with the Terms.

Links: The Services may contain third-party content or links to third-party websites. The Company does not assume any responsibility for and does not make any warranties or representations as to any third-party content or websites, including but not limited to the accuracy, subject matter, quality, or timeliness.