Debifi Terms of Service

INTRODUCTION

Debifi is a Service provided by WAGMI LTD. registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands and registration No: 115362 («Debifi» or «us» or «our» or «we»). Your use of Debifi is subject to these Terms of Service («Terms»).

Please read through these Terms of Service carefully before using the Services, because these Terms affect your legal rights and obligations.

Your use of the Services will be governed by these Terms, along with the Debifi Privacy Policy, and Dispute Rules.

Should you not accept the Terms or the Privacy Policy (at least a single rule of them), you shall immediately stop using the Services. By using the Services, you will be deemed to have irrevocably agreed to these Terms. Please note that any provision of the Terms may be unilaterally revised and reissued by us at any time and without notice. You should visit this page regularly to review the current edition of Terms, since your continued use of the Services will be deemed as irrevocable acceptance of any revisions.

Loans are privately issued by platform Users. Debifi is a platform and not a direct lender. Borrowing against collateral entails risk and may not be appropriate for your needs. Debifi does not provide legal and/or tax advice. Please consult your advisor. All loans are issued pursuant to private agreements between the Users and Lenders. You should review the representations and warranties described in the offer (Lending Contract). By using our platform you confirm that:

• You are an eligible individual or a legal entity with the full legal capacity in Your respective domicile;
• You are at least 18 years old;
• You have full legal capacity (as defined in your jurisdiction) to enter into a binding contract;
• You and/or the country of your residence are not under sanctions of the US and/or EU;
• You accept the risk of any volatility of Cryptocurrencies.

DEFINITIONS

Agreement — agreement regarding the provision of Services concluded between Debifi as a service provider and a User as a service consumer. These Terms of Service constitute the rules of the Agreement. The Agreement is deemed to have concluded between Debifi and a User, if a User has actually started to use the Service.

Borrower — a User who accepts the Offer on the Debifi lending platform.

Blockchain Bitcoin Network — a peer-to-peer payment network that operates on a cryptographic protocol.

Collateral — an asset, which will be sent by the Borrower to the Escrow address and will be used to secure the loan.

Debifi App — an app developed by Debifi for additional security measures.

Escrow address — a P2SH Cryptocurrency multi-signature address, which requires three keys (one belongs to the Lender, one to the Borrower, one to Debifi and another — to Authorized Key holder) to sign the Cryptocurrency transaction.

Authorized key holder — a respectful AnchorWatch Inc.

Interest — is defined for the whole period of Lending, and in the case of early repayment it is not decreased.

Lender — an institutional lender, whose business is lending Fiat or Cryptocurrency and who is using Debifi lending platform and who has created an Offer to lend Cryptocurrency or Fiat.

Lending Contract — Fiat or Cryptocurrency lending contract concluded between the Lender and the Borrower who has accepted Lenders’s created Offer. Lending Terms specified within the respective Offer creation process become the terms of the Lending Contract.

Fiat-based Contract — Lending Contract where a loan is issued in Fiat.

Cryptocurrency-based Contract — Lending Contract where a loan is issued in Cryptocurrency.

Fiat — is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation.

Cryptocurrency — is a digital currency designed to work as a medium of exchange through a computer network. On Debifi there are two types of digital currencies used for loans — USDT (Tether) and USDC.

Lending Terms — terms of the potential lending specified by the Lender within the Offer creation process. Lending Terms include the amount of Cryptocurrency or fiat to borrow or lend, interest rate, LTV (Loan-to Value) ratio, period, as well as other terms the Lender or Debifi consider necessary. Debifi is, at any time, entitled to unilaterally amend the list of mandatory rules and conditions which must be defined in the Lending Terms. If any User accepts the Offer, he is deemed to have entered into the Lending Contract with the Lender, and in this event the Lending Terms specified within the Offer creation process become the rules of this Lending Contract.

debifi.com («Debifi») — Internet website owned by Debifi where Users can:

• either advertise their intention to lend / borrow Cryptocurrencies/fiat or accept respective Offer of Lenders;
• create multi-signature Cryptocurrency escrow P2SH addresses in order to ensure that both Lender and Borrower are equally protected during the course of the lending deal.

Offer — advertisement published on the debifi.com lending platform by any User. Offer indicates the respective User’s intention to lend or borrow Cryptocurrency or Fiat.

Parties — both the Lender and the Borrower.

Period — a maximum term for when the Loan has to be repaid to the Lender.

Cryptocurrency — a cryptocurrency which is used for lending or collateral on the platform.

Terms of Service — these terms of service.

User — an individual or a representative of a Lender who has an account (record) created within the debifi.com authentication system and who is actually using Debifi Services. Any User is deemed to have entered into the Agreement on own behalf or on behalf of the Lender as a legal representative.

User Account — an account (record) created within the debifi.com authentication system and associated with the specific User which allows this User to access Debifi services.

Working Hours — daily hours when the Lender is ready to perform lending to the other Users (i.e. when the Lender’s Offer will be available/visible for the other Users). Working Hours must be defined by the Lender in the Terms of the respective Offer.

Mnemonics (mnemonic seed phrase, recovery seed phrase) — the unique combination of 12 words generated in the Debifi application according to Bitcoin Improvement Proposal 39 (BIP 39). Mnemonics is used for deriving certificate and bitcoin private and public keys that are required for accessing Debifi platform and generating an escrow. Each Contract requires 4 unique public keys derived from mnemonics of escrow participants — one public key per participant.

Passphrase (mnemonic passphrase) — optional mnemonic password phrase of user’s choice that, if set, could further strengthen mnemonic security by altering keys derivation paths.

Transaction fees — cryptocurrency network fees paid by the Contract parties in order to send and receive the Collateral and the Loan.

High-Risk Contract(s) — a Contract(s) that might be a subject of possible risk and result in damages due to security and/or any other technical issues.

Exchange — a platform that facilitates cryptocurrency trading and market pricing.

USING OUR SERVICES

Accessing Debifi

You will be able to access Debifi by using your User Account and Debifi app.

Reputation and Rating

After each deal, every User has a right to rate his cooperation with the other User. Such ratings are used by Debifi to define the User’s reputation. The User’s reputation is an indicator which shows the other Users and Debifi, how honestly and responsibly this particular User behaved during the course of his or her previous deals.

Limits

In order to reduce the probability of frauds, Debifi has introduced several lending and borrowing limitations (e.g. number of simultaneous active Offers etc.). The information of these limitations shall be published on the debifi.com website on the FAQ/Help page, which is in addition to further information about current limits visible on the Dashboard page.

The administrator of Debifi has the right to, at any time, change the limits for a User, without changing limits for other Users, and to change limits for all the Users on Debifi platform.

Offers and Contracts

After your account has been registered, your email has been verified, and you have created Seed words — you can start borrowing from Lenders of the Debifi lending platform.

A Lending contract is initialized if:

• You accepted an Offer created by the Lender.

Offers are Lenders’ advertisements to lend Cryptocurrency or Fiat published in the relevant sections of the debifi.com website. Debifi is a platform where Lender and Borrower can create Lending Contracts. In no case Debifi will provide any Loan to any User or make payments on someone’s behalf.

Within the Offer creation process, Lender will be asked to specify certain Lending Terms. Lending Terms shall only contain true and accurate information. From time to time we may unilaterally amend the list of terms which must be defined within the Offer creation process. Lending offers can only be created by Lenders.

If you do not want to display an Offer in the public Offer list, when creating the Offer, you need to mark the Offer type as «Private». When Users want to create a contract for this Offer, they can only do so if the link to this Offer has been sent to them.

Any Published Offer can be withdrawn by the Lender at any time even if it has already been accepted by the other Borrower, but only before it has reached the «In progress» stage.

The Offers can have one of three statuses: Active, Inactive, Disabled. To improve the operations of Debifi, an Offer’s status may be automatically and/or temporarily changed to «Inactive» or «Disabled».

An Offer’s transition to «Inactive» or «Disabled» status may occur in, but is not limited to, the following situations:

• If the User has been blocked or banned, then at the time of blocking or banning, all of the User’s Offers will be removed from the list, and/or the link to the Offer will be unavailable. If the User is unblocked or unbanned, the Offers will be visible again in the Offer list, and/or available through the link.
• If the User’s account is deleted, his Offers will be removed from the Offer list, and/or the links to his Offers will be unavailable.

We may hide, or remove your Offer / Offers, if you violate these Terms of Service or any other agreement you enter into with Debifi.

By publishing an Offer, you express your will to enter into a Lending Contract with any other User who will accept your Offer. Unless your Offer is withdrawn, you are deemed to have an intention and a will to enter into a Lending Contract with any other Debifi User who will accept your Offer in accordance with the rules («Lending Terms») specified by you within the Offer creation process.

By accepting an Offer created by the Lender, you are deemed to have accepted all Lending Terms of the respective Offer and entered into a Lending Contract with the Lender. In this event, the Terms of the respective Lending shall constitute the rules of the Lending Contract concluded between you and the Lender.

In accordance with this Lending Contract, the Borrower wishes to borrow a certain amount of Cryptocurrencies or Fiat and the Lender agrees to provide him or her with such, and Borrower agrees to secure such lending by depositing Bitcoin as a Collateral for the transaction. The information on the creation of the Lending Contract is shared with Debifi and Authorized key holder. You might be asked to provide additional information on the Deal and/or asked to sign additional agreements if requested by the Lender.

Lending Terms, as determined by the Lender, are binding for both Borrower and Lender until the completion or termination of the Lending Contract, unless the Lending Terms contradict these Terms of Service or are illegal. By the creation of the Lending Contract both Lender and Borrower authorize Debifi and 4th key holder to hold the keys and sign a transaction in different cases stipulated herein.

The Lending Contract is deemed to be completed and all mutual obligations of both parties are deemed to be fulfilled when the Borrower has repaid the Loan, paid the interest, paid the origination fee, and received the Collateral.

Course of the deal

During the course of the Lending deal, both Lender and Borrower will receive instructions on how to act in order to finalize the deal and complete the Lending Contract. These instructions can be found on the respective contract page.

Contract page can be opened by clicking on the respective contract in the Dashboard or My contracts section of the website.

There are different status indicators, which indicate the current status of the deal and make it easier for the User to understand what he has to do at a specific moment in order to finalize the deal.

• Pending — The very beginning of a contract workflow. Offer is accepted by the second party and during the next 24 hours Borrower and Lender have to provide all the requested details (including KYC data, if specified by offer’s conditions) and accept and sign the Lending Contract. If it is not done — Lending Contract will be automatically terminated. At this stage both Borrower and Lender can unilaterally cancel the Lending Contract.
• Depositing — The Borrower is currently in the process of sending the Collateral to the Escrow Address. If the Collateral asset is not received within the next 8 hours — the Lending Contract is terminated.
• Payment — The Lender is currently in the process of sending Cryptocurrencies or Fiat to the Borrower. The Lending Contract is terminated, and Collateral is automatically sent back to the Borrower in case (1) if the Cryptocurrencies are not received within the next 8 hours or (2) Fiat is not received within the next 72 hours and Lender has not provided a proof or payment.
• In progress — Cryptocurrencies or Fiat are received by the Borrower, the Collateral is locked on the Escrow Address. During this stage the Borrower can make an early repayment of the Loan, and/or add additional collateral to balance the LTV ratio.
• Repayment — during this stage, in the next 24 hours Borrower has 2 options:
  • To repay the Loan (principal and interest) to the Lender using Cryptocurrencies or Fiat;
  • To repay the Loan (principal and interest) to the Lender from the Collateral asset.

If none of the options are used by the Borrower — the contract is automatically transferred into the «Forced liquidation» stage.

• Forced liquidation — is a stage which can happen in the case of:
  • The Borrower has not repaid the Loan in Cryptocurrencies or Fiat, or the Collateral asset during the term he or she was entitled to;
  • Bitcoin price has dropped and as a result the LTV has increased, the Collateral had to be increased and Borrower didn’t react to the requests of the platform to either partly repay the Loan or to add additional collateral or other;
  • We have a reason to believe that Forced liquidation is in the interest of all Parties and to minimize the possible damages due to security and/or any other technical breach. In this case we will automatically contact both Parties and lead them through the Forced liquidation process, which implies no Forced Liquidation fee in this case. If the Lender and the Borrower ignores us and none of them signs the liquidation, we bear no responsibility for any loss as made everything possible to limit such.

As a result of Forced liquidation — the Collateral asset is transferred to the Lender in the amount of the Cryptocurrency (principal) and interest. The applicable Liquidation fee is transferred to the Debifi. The remaining amount, if any, is transferred to the Borrower. After the Forced liquidation is completed the status is changed to Completed.

In case of Forced Liquidation, Debifi does not bear any responsibility for the losses associated with the exchange rate volatility and/or Users local tax regulations.

• Completed — The Borrower has successfully repaid the Loan, the Lender has received the Cryptocurrency (principal) or Fiat and interest from the Borrower and Borrower has received the Collateral from the escrow or in the case of Forced liquidation, everything was paid from the Collateral (Bitcoin).
• Canceled — Contract was canceled by one of the Parties or automatically (timed-out).
• Disputed — Dispute was initiated by one of the Parties and has not yet been resolved.
• Resolved Dispute — Dispute is resolved. A resolved dispute cannot be revised or reversed.

Optional Contracts Migration

Each active Contract has a right to be migrated to a newly generated escrow address with no extra charges. Transaction fees are covered by the Borrower and are not refunded. To proceed with an Optional Contract(s) Migration, both Parties must come to a mutual agreement. Afterward, both Lender and Borrower will be provided with the instructions to create and provide to Debifi new public key(s) for generating a new escrow address(es) and migrate their Contract(s).

Mandatory Contracts Migration

Mandatory migration from existing escrow address(es) — in case Debifi determines the Contract(s) as a High-Risk — both Lender and Borrower will be invited to migrate their existing Contract(s) to the newly generated escrow address(es). Both Lender and Borrower will be provided with the instructions to create and provide to Debifi a new public key(s), thus generating new escrow address(es) and migrating required Contract(s). Debifi charges no fees for Mandatory Contract(s) Migration. The associated transaction fees are covered by the Borrower and are not refunded.

Contracts Termination

Debifi reserves the right to terminate any contract at its sole discretion. The termination of the contract shall be executed through the process of contract’s Forced Liquidation initiated by Debifi administrator. In case Debifi administrator has a reason to believe that the contract shall be terminated immediately, both contract parties shall cooperate in the contract termination process without any delays. In case of Users’ non-cooperation or non-responsiveness, Debifi shall bear no responsibility for any losses and damages associated.

Dispute Resolution

If the Lender and the Borrower are in disagreement over the Contract, either party can initiate a dispute, if and when they are allowed to do so by these Terms of Service. Disputes are to be resolved by Debifi support staff.

Debifi support resolves disputes with due diligence by carefully inspecting and considering the Lending Terms, evidence of transfer, Users’ chat messages, Users’ reputation, other data submitted to us by Users, and data collected on our own.

Debifi and Authorized key holder can take the Borrower’s side if any of the following criteria have been met:

• Lender does not respond in a timely manner and/or does not cooperate with Debifi in order to resolve the dispute;
• Borrower supplies sufficient evidence proving he or she has sent or transferred funds to Escrow and has not received Cryptocurrencies or Fiat, or has repaid the Loan, including the principal etc., but has not received the Bitcoin (collateral).

This will lead to the following result: Debifi and Authorized key holder will sign a transaction in accordance with which the locked Bitcoin (collateral) shall be transferred from the Escrow Address to the Borrower. In this event, the status of the deal will be — «Resolved».

Debifi and Authorized key holder can take the Lender’s side, when any of the following criteria have been met:

• Borrower does not respond in a timely manner and/or does not cooperate with Debifi in order to resolve the dispute;
• Payment made by Borrower was not in accordance with the Lending Terms;
• Payment was not made by the Borrower, or only a partial payment was made.

This will lead to the following result: Debifi and Authorized key holder will sign a transaction in accordance with which the locked Bitcoin (collateral) shall be transferred from the Escrow Address to the Lender. In this event, the status of the deal will be — «Resolved».

In case both Borrower and Lender provide equally convincing evidence, Debifi and the Authorized key holder will resolve the dispute to the Party that provides the stronger evidence.

Both Parties are required to provide accurate, unquestionable and complete evidence, and documents that confirm the correctness of the User in case of the dispute. Each User must be able to provide explicit and full information about the transaction and/or payment in question.

Any payment orders and slips must include the complete payment information.

Any party that knowingly submits fraudulent, false, inaccurate documents or information, or forcefully tries to control the outcome of a disputed trade, or makes false claims, or obstructs the dispute resolution process in any way including but not limited to not responding, not providing information, files or documents to customer support within the established timeframe, or any user that violates any rule of the dispute resolution process is deemed to be in violation of these Terms of Service which may be grounds for losing a dispute and/or the User Account to be suspended and/or terminated.

Dispute resolution rules are located at this link https://debifi.com/dispute-rules. Both parties must strictly adhere to all stated rules.

You may request a review if you were a party in a dispute in any way and you believe Debifi did not resolve the dispute according to these Terms of Service. To do so, you must notify us by contacting customer support and requesting a review within 120 days after the dispute resolution.

Identification and Verification

If we are obliged to do so by the law or in accordance with our internal policy, we may at any time introduce or amend mandatory identification / verification procedures and require you to complete our identification and/or verification and may also require you to submit identification documents to Debifi. Failing to complete identification and/or verification will be considered a violation of the Agreement and may lead to the suspension and/or termination of your account.

Lenders are entitled to perform their own KYC and request additional documents from the Borrowers.

Fees

Debifi is entitled to charge its Users for each Lending contract concluded (Escrow generated) using the Debifi lending platform. Fees that Debifi charges shall be deducted from the entire amount of Bitcoin transferred to the Escrow Address within each deal.

Fees charged by Debifi are calculated as a certain percentage of the amount of Bitcoin transferred to the Escrow Address. The fees for using the Debifi lending platform charged by Debifi shall be covered by the Borrower, Debifi deducts the full origination fee from the amount of Bitcoin in the Escrow Address.

Taking into account the fact that the Bitcoin transaction fee in the Bitcoin Blockchain Network may vary from time to time and cannot be predicted, the total and final fee (both the Debifi fee and the Bitcoin transaction fee) will be visible to both Parties only after the Borrower transfers Bitcoin to the Escrow Address. At the same time, estimated (but not final) fees are visible to the User when creating a Lending Contract on the Offer page.

Origination fee for using the Debifi lending platform is 1.5%.

In case of Forced liquidation, the fee is 5% of the Collateral amount.

In case of non-payment of any fees Debifi is entitled not to provide service to such User.

Depreciation of the Loan amount

The Loan amount of the Contract will be fixed in the currency of the Lending contract for the Fiat-based contracts at the Contract creation moment. The Loan amount of the Lending contract will be fixed in USD (US Dollar) for the Cryptocurrency-based contracts at the Contract creation moment.

The actual exchange rate and liquidity of the collateral’s cryptocurrency and the Contract’s cryptocurrency will be evaluated by Debifi as a median from the exchange rates of the following cryptocurrency exchanges: Binance, Bitfinex, Bitpay, Bitstamp, Coinbase, Crypto, Gemini, HTX (Huobi), Kraken, KuCoin, Okx, Polonex.

The list of exchanges was formed on January 11, 2024 and is relevant until further updates.

The list of exchanges might be changed based on the current market conditions, such as specific exchanges no longer exist, have removed the cryptocurrency from their trading assets, the liquidity of a particular cryptocurrency is low, etc. The relevant statement will be published along with an updated list.

In case the value of a Loan amount depreciates during the Contract term and/or faces a significant decrease in liquidity, and/or its USD exchange rate depreciates significantly, the parties will be allowed to agree on a Loan repayment cryptocurrency.

The parties will have time up to the Repayment stage of the Contract to agree on an alternative cryptocurrency for the Loan amount. The new Contract’s cryptocurrency must be agreed between the Parties from the list of supported cryptocurrencies. These cryptocurrencies must be highly liquid and traded on the exchanges mentioned above.

The Liquidation procedure applies in case of failure to repay the loan amount with the interest rate or in case parties have not agreed on new terms of the Loan before the Repayment stage has come.

Collateral will be liquidated to repay the difference in values. In the case of Liquidation from the Collateral asset:

• the applicable Liquidation fee is transferred to Debifi;
• the initial loan amount (principal) and interest is transferred to the Lender;
• the remaining amount, if any, is transferred to the Borrower.

After the Forced Liquidation is completed, the status is changed to Completed.

The Liquidation of the collateral will be performed using the exchange rate of the specific cryptocurrency to lended currency at the moment of Liquidation.

Communication

Debifi shall communicate with the users through the platform’s communication tools and/or the email address associated with the account. Debifi will use emails [email protected] and [email protected] to communicate with Users. The User is obliged to provide valid contact information and is responsible for monitoring the notifications from Debifi. Debifi highly recommends its users to add alternative contact channels, such as Telegram, Twitter, etc., to their Users profile. In case Debifi has been unable to reach the User through the provided communication channels, the company bears no responsibility for any losses and damages occurring throughout.

Limitation of Access, Suspension and Termination

We may terminate, suspend, or limit your access to your User Account or to the Services we offer at our sole discretion, if:

• you violate (or have violated at any previous point in time) these Terms and/or any agreement you enter into with Debifi;
• we have a reason to believe that your use of the Services violates any applicable law and/or regulations;
• we have a reason to believe that during the registration, and/or verification, and/or at any other point in time, you have provided us with false, inaccurate, incomplete, misleading and/or fraudulent information;
• you have not provided any information / document requested by us within a specified deadline and/or the documents provided are fake and/or misleading;
• you failed and/or refused and/or delayed to take actions prescribed by the decision of Debifi and/or refused to cooperate regarding the dispute you were involved in;
• you have performed an attempt (either successful or unsuccessful) of unauthorized access to any part or component of the Services, to bypass and/or break any security mechanism of the Services and/or use the Services in any other manner that poses a security risk to us and/or to any other User;
• you have performed an attempt (either successful or unsuccessful) to interrupt Services and/or damage Debifi owned software and/or hardware;
• we are required to do so by any applicable law and/or order issued by the state authority;
• you are unreasonably inactive during contracts;
• you have not finished the sign up and/or verification process;
• you have not used your account for more than 24 months;
• you have been reported by one or more users as a scammer.

INTELLECTUAL PROPERTY RIGHTS

You acknowledge and agree that all intellectual property rights (inter alia copyright, trademarks and/or others) related to the debifi.com site and Services are owned by WAGMI Ltd and/or our licensors. You are permitted to use the site and our services only as expressly authorized by us. We reserve all rights, not expressly granted, in and to this site, the services, and the content on this site.

GENERAL PROVISIONS

The User acknowledges that the official language of Debifi is the English language. In case of a conflict between the English language and any other language of our Services — English language shall prevail.

This Agreement constitutes the entire agreement and understanding between you and the Debifi with respect to the subject matter of this Agreement and completely supersedes all prior oral and/or written agreements and understandings between you and Debifi before this Agreement with respect to the subject matter hereof.

You hereby acknowledge and represent that you have not relied on any representation, assertion, guarantee, or other assurance, except those set out in this Agreement, made by or on behalf of any other party prior to the execution of this Agreement.

You hereby certify that you have understood every single rule of the Agreement.

If any provision of this Agreement is held invalid, the invalidity shall not affect other provisions of the Agreement which can be put into effect without the invalid provisions, and to this end, the provisions of this Agreement are declared to be severable.

If you communicate with Debifi by email, you should note that the security of Internet email is uncertain. By sending sensitive or confidential email messages which are not encrypted you accept the risks of such uncertainty and the possible lack of confidentiality over the Internet. The Internet is not 100% safe and someone may be able to intercept and read your details.

This site and the information, tools and material contained in it are not directed to, or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in, any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation which would subject Debifi or its affiliates to any registration or licensing requirement within such jurisdiction.

You agree that this Agreement and any dispute between you and us shall be governed in all respects by the laws of the United Kingdom, without regard to their choice-of-law provisions, and excluding the application of the 1980 U.N. Convention on Contracts for the International Sale of Goods. Except if prohibited, and not limited to, you agree that all disputes, claims and proceedings arising out of, or relating to the services, shall be resolved by the competent courts of London, United Kingdom. However, we shall always have the right to take legal proceedings in the court of competent jurisdiction of your domicile.

We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court, we each waive any right to a jury trial. We also both agree that you or we may bring suit in court to enjoin infringement or other misuse of intellectual property rights.

You will attempt to resolve all disputes with respect to the Services through communication with our customer service. If parties are unable to resolve the dispute, You must use the dispute resolution mechanism discussed above.

To the fullest extent permitted by applicable law, you agree that any claim against Debifi must be commenced within one (1) year after the date, the party asserting the claim first knows or reasonably should know of the act, omission, or default giving rise to the claim; and there shall be no right to any remedy for any claim not asserted within that time period.

Please note that we do not provide services to any person which is located or is a resident of Cuba, Iraq, Libya, North Korea, Iran, Syria, territories occupied by the Russian Federation, or any other Country to which the U.S. has embargoed goods; or (ii) to anyone who is listed on the U.S. Treasury Department’s list of Specially Designated Nationals or on the U.S. Commerce Department’s Table of Deny Orders, (iii) to anyone who is listed on the EU Sanction list.

PRIVACY

Any personal information you provide us will be treated as confidential and shared only within the Company, its affiliates and its business partners and will not be disclosed to any third party except under any regulatory or legal proceedings. Web site tracking systems may also collect data detailing the pages you have accessed, how you discovered our Services, the frequency of visits and so on. The information we obtain is used to improve the content of our Services and may be used by us to contact you, by any appropriate means, and to provide you with any information we believe may be useful to you.

DISCLAIMER

THE LENDING AT DEBIFI IS PROVIDED «AS IS» AND «AS AVAILABLE». DEBIFI DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESSED, IMPLIED, OR STATUTORY, NOT EXPRESSLY SET OUT IN THESE TERMS, AND INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. DEBIFI BEARS NO RESPONSIBILITY IN CASE OF FORCED LIQUIDATION. IN ADDITION, DEBIFI MAKES NO REPRESENTATION, WARRANTY, OR GUARANTEE REGARDING THE RELIABILITY, TIMELINESS, QUALITY, SUITABILITY, OR AVAILABILITY OF THE PLATFORM OR ANY INFORMATION REQUESTED OR OBTAINED THROUGH THE USE OF THE PLATFORM, OR THAT THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE. YOU AGREE THAT THE ENTIRE RISK ARISING OUT OF YOUR USE OF THE PLATFORM, AND ANY INFORMATION REQUESTED OR OBTAINED IN CONNECTION THEREWITH, REMAINS SOLELY WITH YOU, TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW.

LIMITATIONS

WHERE PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL DEBIFI OR ANY OF ITS SERVICE PROVIDERS, SUPPLIERS OR REPRESENTATIVES (INCLUDING DIRECTORS AND EMPLOYEES) BE LIABLE TO YOU OR ANY THIRD PARTY UNDER ANY LEGAL OR EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY AND OTHERWISE, FOR ANY: (A) LOSS OF PRODUCTION, USE, BUSINESS, REVENUE OR PROFIT, OR LOSS OF DATA OR DIMINUTION IN VALUE, OR (B) CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL, ENHANCED OR PUNITIVE DAMAGES, ARISING FROM YOUR USE OF THE PLATFORM, REGARDLESS OF WHETHER YOU OR SUCH PERSONS WERE ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES OR SUCH LOSSES OR DAMAGES WERE OTHERWISE FORESEEABLE. THE FOREGOING LIMITATIONS WILL SURVIVE AND APPLY EVEN IF ANY LIMITED REMEDY SPECIFIED IN THESE TERMS OF USE IS FOUND TO HAVE FAILED ITS ESSENTIAL PURPOSE. DEBIFI AGGREGATE LIABILITY UNDER THESE TERMS OF USE WILL NOT EXCEED ONE HUNDRED US DOLLARS ($100).

BY AGREEING TO THESE TERMS, YOU ACKNOWLEDGE AND AGREE THAT YOUR SOLE AND EXCLUSIVE RECOURSE FOR ANY DISPUTES, CLAIMS, OR GRIEVANCES RELATED TO YOUR USE OF THE SERVICES PROVIDED UNDER THESE TERMS SHALL BE AGAINST DEBIFI, AND NOT AGAINST AUTHORIZED KEY HOLDER WORKING IN CONJUNCTION WITH DEBIFI. YOU HEREBY WAIVE, TO THE GREATEST EXTENT POSSIBLE UNDER APPLICABLE LAWS, ANY RIGHT TO SEEK REMEDIES FROM, MAKE CLAIMS AGAINST, OR INITIATE LEGAL PROCEEDINGS AGAINST AUTHORIZED KEY HOLDER IN CONNECTION WITH THE SERVICES.

HOW TO CONTACT US

You can contact us at any time by sending the respective question, notice or request to our support team. We will always notify you about the delivery of your letter. In the event you have not received respective notification, please consider your letter undelivered and send it to us one more time. Please check your spam-filter settings.

List of e-mails through which you can receive messages from us:

• [email protected]
• [email protected]
• [email protected]
• [email protected]
• [email protected]

By using the Services, you agree that any notice, disclosure, agreement or other communication that we send to you electronically to the email address you have defined in your account settings will satisfy any legal communication requirements, including but not limited to, that such communications be in writing. You should maintain copies of electronic communications from us by printing a paper copy or saving an electronic copy.