Terms and Conditions - Fiat24 users and clients

Effective from: 12 January 2024

1. Who are we and how to contact us

a) Our company SR Saphirstein AG (or SR Saphirstein Limited) is a company incorporated under the laws of Switzerland with company registration number CHE-256.014.995 ("Fiat24", "we", "us", or "our", as applicable) and has a license as a fintech company according to Article 1b of the Swiss Banking Act from and is supervised by the Swiss Financial Market Supervisory Authority ("FINMA"), Laupenstrasse 27, 3003 Bern, Switzerland.

b) Our registered office is Bellerivestrasse 245, 8008 Zurich, Switzerland. You can contact us by Email at [e-mail].

2. How to read these Terms of Use

a) These Terms of Use contain 26 sections. The headings are for reference only. Some terms in bold have specific definitions in section 4. Underlined words in these Terms of Use contain hyperlinks to further information.

b) These Terms of Use are only provided in English. Documents or communications in any other languages are for your convenience and only the English language version of them is official.

c) You can always see the most current version of these Terms of Use on our Website. If you need a copy of the current Terms of Use or any other relevant document, please contact our Legal Department at [e-mail].

3. Why you should read these Terms of Use

a) These are the terms and conditions according to which we provide our Services to our users and clients.

b) You need to read these Terms of Use carefully before you start using our Services. These Terms of Use (always together with any referenced documents) tell you who we are, how we will provide the Services to you, how these Terms of Use may be changed or terminated, what to do if there is a problem and other important information. IF YOU DO NOT AGREE WITH ANY PART OF THESE TERMS OF USE OR OUR PRIVACY POLICY, THEN PLEASE DO NOT USE ANY OF THE SERVICES.

c) Other additional documents which apply to you: these Terms of Use refer to the following additional documents, which constitute an integral part of these Terms of Use:

1. Our Privacy Policy, which sets out the terms on which we process any personal data we collect about you, or that you provide to us.

2. Our Cookie Policy, which sets out information about the “cookies” on our Website.

4. Glossary

In this Terms of Use:

• API means the application programming interface provided by Fiat24.

• Balance means the amount of Fiat24 Cash Tokens held in your Fiat24 Account.

• Bank Account Currency means the currency which your bank account will receive.

• Business Day means a day other than a Saturday, Sunday or a public holiday in Zurich, Switzerland when financial institutions in Zurich are open for business.

• Fiat24 Account means the business relationship you have opened with us in accordance with these Terms of Use.

• Fiat24 Individual Account means a Fiat24 Account opened by individual client with sole beneficiary ownership.

• Fiat24 Business Account means a Fiat24 Account opened by a corporate client.

• Fiat24 Account Token or Fiat24 NFT means the Ethereum ERC721 non-fungible token (NFT) representing the business relationship of the client, with Token Symbol Fiat24. This token is required to access any Services.

• Fiat24 Cash Token means a set of Ethereum ERC20 tokens representing the cash deposit of the client, with Token Symbol CHF24, EUR24, and USD24.

• Fiat24 Web-App means the web application (Web-App) where we provide the Services to you.

• Fiat24 Materials means any software (including without limitation the Fiat24 Web-App, the API, developer tools, sample source code, and code libraries), data, materials, content and printed and electronic documentation (including any specifications and integration guides) developed and provided by us or our affiliates to you, or available for download from our Website.

• Intellectual Property Rights mean any of the following rights existing in any part of the world: all patents, utility models, rights to inventions, plant variety rights, copyright and neighbouring and related rights, moral rights, rights in designs, semiconductor topography rights, trade and service marks, trade names, logos, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, domain name registrations, database rights and rights in confidential information (including Know-How) and all other intellectual property rights, in each case whether registered or unregistered; applications to register any of those rights; rights to apply for and be granted renewals or extensions of, and rights to claim priority from, any of those rights; and any similar or equivalent rights.

• Services means all products, services, content, features, technologies or functions offered by us and all related websites, applications (including the Fiat24 Web-App), and services (including the Website and API).

• Standard Client means an onboarded Client with a Fiat24 Account Token in Live, Soft-Blocked or Hard-Blocked status.

• Non-Client-Token-Holder means a person with no effective Fiat24 Account Token (NFT) in their Ethereum blockchain wallet.

• Tourist Account means you have a Fiat24 Account Token (NFT) in your Ethereum wallet, but your account is not Live yet pending completion of registration by you and verification by us.

• Website means any webpage, including but not limited to www.fiat24.com, where we provide the Services to you.

5. Fiat24 API

Your right to use the API. In consideration of you agreeing to abide by these Terms of Use, we grant you a non-transferable, non-sub-licensable, worldwide, non-exclusive license to use the Fiat24 Web-App on your device and the API subject to these Terms of Use. We reserve all other rights (see section 17).

6. Who can use our Services

a) If you are an individual, you must be 18 years or older to use our Services and by opening a Fiat24 Individual Account you declare that you are 18 years or older. We may ask you at any time to provide proof of your age if necessary to comply with the applicable law (see also section 9).

b) If you have a Fiat24 Business Account, you must confirm that you have authority to bind any business or entity on whose behalf you use our Services, and that this business or entity accepts these terms (see also section 9).

c) Your use of the Fiat24 Account must not violate any applicable laws. You commit to us that your opening and/or using of a Fiat24 Account does not violate any laws applicable to you. You take responsibility and full liability for any consequences of your breach of this section.

d) We may not make the Services available in all markets and jurisdictions and may restrict or prohibit the use of the Services in certain jurisdictions ("Restricted Locations"). To use our Services, your domicile cannot be in any of the following countries: Afghanistan, Albania, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Burkina Faso, Burundi, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Congo (Democratic Republic of the), Congo, Republic of the (Congo-Brazzaville), Cote d'Ivoire (Ivory Coast), Cuba, Egypt, Equatorial Guinea, Eritrea, Ghana, Guinea, Guinea-Bissau (Republic of), Haiti, Iran (Islamic Republic of), Iraq, Israel, Jamaica, Jordan, Kenya, Korea (Democratic People's Republic of), Lebanon, Liberia, Libya, Mali (Republic of), Malta, Mauritius, Moldova, Montenegro, Morocco, Mozambique, Myanmar (Burma), Nicaragua, Niger, Nigeria, Pakistan, Palestine State, Panama, Philippines, Russian Federation, Saudi Arabia, Senegal, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria (Syrian Arab Republic), Trinidad and Tobago, Tunisia, Turkey (Türkiye), Turkmenistan, Uganda, Ukraine, United Arab Emirates, United States of America (and all their dependencies), Vanuatu, Venezuela (Bolivarian Republic of), Yemen, Zimbabwe.

e) We reserve the right to refuse to open a Fiat24 Account for legal, regulatory, or risk exposure reasons.

7. Your Fiat24 Account

a) You must own a Fiat24 Account Token (NFT), in the format of Ethereum ERC721, in your Ethereum wallet, before you can access the Services as a Standard Client. The Fiat24 Account Token is the proof of your business relationship with Fiat24. Without it, your wallet cannot connect to any Services.

b) Your Fiat24 Account is your cash account and it can hold various fiat currencies in the account as client deposits. According to Swiss banking regulations, the Swiss Deposit Protection Scheme DOES NOT apply to client deposits with Fiat24. Your client deposit is therefore NOT protected under the Swiss Deposit Protection Scheme. Fiat24 does not pay any interest on client deposits.

c) Your Fiat24 Account allows you to send & receive money to and from other Fiat24 clients. The money is booked in the form of Ethereum ERC20 cash tokens on the Ethereum public blockchain.

d) Your Fiat24 Account allows you to top-up your cash account with a bank wire transfer.

e) Your Fiat24 Account allows you to top-up your fiat currency account with Crypto (see below section 11).

f) You can withdraw your cash Balance to an external bank account, including third party accounts. However, in order for us to be able to process the withdrawal bank details, you must first make a (small) deposit into your Fiat24 Account from the bank account you wish to use for the withdrawal. The cash withdrawal can only be remitted to that same bank account that you used to make the deposit.

g) If your Fiat24 Account balance exceeds 10'000 CHF or equivalent over a time longer than 60 calendar days, we reserve the right to ask you for additional information for the purposes of tax law.

8. Getting started

a) You must have a standard Ethereum wallet.

b) You must have a Fiat24 Account Token in your Ethereum wallet, which is in the format of ERC721 (also called NFT), before you can use the Services. As a Non-Client-Token-Holder, you can use your Ethereum wallet for some Fiat24 services with a Balance limit on each currency. Please refer to section 7(f) for details on the Balance limits.

c) To start using our Services as a Standard Client, you must open a Fiat24 Account and provide your details as prompted. For Fiat24 Business Accounts, please acquire an NFT starting with a number 8 and contact Fiat24 Customer Support at [e-mail] to continue with your registration.

d) All information you provide to us must be complete, accurate and truthful at all times. You must update this information immediately whenever it changes. We cannot be held responsible for any financial loss arising out of your failure to do so. We may ask you at any time to confirm the accuracy of your information and/or provide additional supporting documents and we reserve the right to restrict your use of your Fiat24 Account if we suspect the information you provide is incomplete, inaccurate, or untruthful.

e) All activities under a Fiat24 Account shall be deemed as activities carried out by the registered client. You shall only use the Services to transact on your own account and not on behalf of any other person or entity.

f) You may only open one Fiat24 Account unless we have agreed in writing to the opening of additional accounts. We may refuse the creation of duplicate accounts for the same user. Where duplicate accounts are detected, we may close or merge these duplicate accounts at our sole discretion.

g) We assign an avatar image to each account. This is NOT a representation that we or you own any rights to that image. We do not receive any financial gains or benefits whatsoever from our use of the images. You may ask us to remove the avatar at any time. We reserve the right to change or remove your avatar at any time without notice to you. As of December 2021, we are using the OpenPeeps illustration library under their CCO license. This is subject to change without notice to you.

9. Getting to know you

We are required by law to carry out all necessary security and customer due diligence checks on you (including any parties involved in your transaction for example, your recipient) in order to provide any Services to you. In particular, we must comply with Swiss anti-money laundering regulations, Swiss regulations for fintech companies according to Article 1b of the Swiss Banking Act, the Swiss sanctions regulations, as well as other sanctions regulations deemed appropriate by us. You agree to comply with any request from us for further information and provide such information in a format acceptable to us. In addition, you agree that we may make, directly or through any third party, any inquiries we consider necessary to validate the information you provided to us, including checking commercial databases or credit reports.

10. Keep your Fiat24 Account safe

a) To keep your Fiat24 Account safe, you must:

1. Keep your Ethereum wallet & its private key safe.

2. Contact Fiat24 Customer Support ([e-mail]) immediately if you lose control of your Ethereum wallet where your money and Fiat24 Token are stored. In such cases, we need to verify your identity before we are able to restore your account. A processing fee may be charged for this service.

b) You must NOT:

1. Disclose any wallet password or private key of your Ethereum wallet where your Fiat24 Account Token and Fiat24 Cash Tokens are stored. Keep them safe.

2. Let anyone access your Fiat24 Account or watch you access it.

c) Contact us if you suspect your Fiat24 Account has been compromised. If you suspect that your Fiat24 Account or other security credentials are stolen, lost, used without your authorization or otherwise compromised, you must contact Customer Support ([e-mail]) immediately. Any undue delays in notifying us may affect the security of your Fiat24 Account and also result in you being responsible for financial losses.

d) Authorizing third parties. You acknowledge that if you authorize a third party to access your Fiat24 Account, we may disclose certain information about your Fiat24 Account to this third party. We are not responsible for any such third party’s use of your Fiat24 Account or any information in your Fiat24 Account. Granting permission to a third party does not relieve you of your responsibilities under these Terms of Use, including notifying us if your Fiat24 Account has been compromised or if a transaction is incorrect or unauthorized.

11. Crypto-top up to your Fiat24 Account

a) Fiat24 offers its Live account-holders the possibility of topping up their account using cryptocurrencies converted into fiat currency.

b) To top up your Fiat24 Account with cryptocurrencies, your cryptocurrencies must be held in the same Ethereum wallet address which contains the Fiat24 NFT. You need to connect your Ethereum Public Key to the Fiat24 client application and follow the “top-up” steps in the application.

c) Your Account Status must be Live, otherwise the top-up cannot start.

d) Fiat24 charges a percentage fee on crypto top-ups according to our "Pricing" page. In addition, third party infrastructures may charge you further fees, commissions, and/or deductions which are not retained by Fiat24 and which Fiat24 is not responsible for. Fiat24 does not accept any liability for any charges additional to the ones listed on the Fiat24 "Pricing" page. Please refer to our "Pricing" page for more details on limits and top-up fees.

e) For legal and security reasons, we also impose an overall rolling 30-day transactional limit on how much you can top up your Fiat24 Account during those 30 days. These overall limits are shown inside the Fiat24 client application.

f) We will convert your cryptocurrencies into fiat currencies by crediting your Fiat24 Cash Account once we have received sufficient confirmations from the blockchain. The congestion in the Ethereum blockchain may increase the time for processing your cryptocurrency top-up order. We cannot be held responsible for any delays resulting from this.

12. Withdraw money to your bank account

a) In order to be able to withdraw cash from your Fiat24 Account, you must first deposit a small amount of money in the same currency into your Fiat24 Account, so that we can confirm your bank details. You will only be able to withdraw cash to that same bank account in the same currency you used for the deposit.

b) For legal and regulatory purposes, we may limit the banks or countries from which you can make a deposit (and, consequently, to which you can make the withdrawal).

c) We will use reasonable efforts to ensure funds will be credited to your bank account. However, we do not have any control over the time it may take on the recipient bank side. The estimated completion time of your payment order is within 48 business hours.

d) If your bank refuses to accept our payment, we will rollback your withdrawal request. If possible, the reasons for the refusal and an explanation of how to correct any factual errors will be sent to you by email. However, we are not required to notify you if such notification were unlawful.

e) You must make sure that the bank relationship information you provide when setting up a Fiat24 Account is accurate. We process your orders in accordance with the information you have provided to us about your other bank relationships, even if you have made a mistake. We assume no responsibility for any loss or damage resulting from your mistakes.

13. Exchange Rates

We use independent liquidity providers for the currency exchange. These liquidity providers maintain liquidity pools as wells as exchange rates that they manage independently from Saphirstein or Fiat24. We do not provide or manage any exchange rates. Fiat24 only shows you the possibility of the exchange transaction for your convenience, but does not take responsibility for any loss or damage resulting from the use of or connected to the liquidity provider.

Fiat24 is not responsible for any exchange rates shown for any tokens, and we have no influence over their characteristics and exchange price. We merely provide you with publicly available information about the existing exchange rates in the market that are external to our company and our control. We accept no liability for the results of your actions based on this information. You must confirm that you have taken note of the above stipulations as well as the exchange rate shown to you by signing/confirming the transaction before proceeding with any exchange or transaction.

When we refer to an exchange rate in these Terms of Use, it means the market exchange rate at the relevant time for the relevant currency pair (for example, EUR to USD) as calculated from our liquidity provider(s). We may change our liquidity provider(s) from time to time without notice to you.

14. Maintaining your Fiat24 Account

a) You must check your Fiat24 Account regularly and carefully and contact us ([e-mail]) immediately if you recognize any missing transaction, incorrect payment or other mistake. You must tell us about any unauthorized or incorrectly executed transactions immediately, but no later than 2 months from the date of the transaction; otherwise, you may not be entitled to have any errors corrected.

b) You accept the risks of dealing with Crypto and other cryptocurrencies. You agree and accept all the risks associated with Crypto and other cryptocurrencies including any risks associated with fluctuations in the relevant exchange rates over time.

c) You agree that you will not use our Services for speculative trading.

d) You understand and accept that your FIAT24 Account Balance and transactions are stored on Ethereum, a public blockchain accessible to anyone, and therefore you waive the Swiss bank secrecy to this extent. Further, you agree and accept all the risks associated with your payment records stored in Ethereum network including any risks associated with privacy in the relevant payments over time.

e) Taxes. You are responsible for any taxes, which may be applicable to payments you make or receive, and it is your responsibility to collect, report and pay the correct tax to the appropriate tax authority.

15. Fee Schedule

a) You must pay the fees in connection with the use of our Services. We will not process your transaction until we have received the fees from you.

b) You can see our fee structure in the "Pricing" tab by clicking on our Metaverse Headquarters at the centre of our Homepage. The fees applicable to you as set out under the "Pricing" tab constitute an integral part of these Terms of Use and may be subject to change without notice to you. We will let you know the exact amount payable by you when you set up your order.

c) We can make deductions from your Fiat24 Account. You agree that we are authorized to deduct our fees, any applicable reversal amounts, and/or any amounts you owe us from your Fiat24 Account. If you do not have enough money in your Fiat24 Account to cover these amounts, we may refuse to execute the relevant transaction or provide any Services to you.

d) You understand that depending on the blockchain technology, there are fees deducted by the blockchain network itself, which we have no influence over, such as transaction fees, gas fees, etc.

16. Closing your Fiat24 Account

a) You may close your Fiat24 Account at any time. You may end the contract entered into between you and Fiat24 by accepting these Terms of Use and close your Fiat24 Account at any time by contacting our Customer Support ([e-mail]).

b) You must not close your Fiat24 Account to avoid an investigation. If you attempt to close your Fiat24 Account during an investigation, we may hold your money until the investigation is fully completed in order to protect our or a third party’s interest.

c) You are responsible for your Fiat24 Account after closure. You agree that you will continue to be responsible for all obligations related to your Fiat24 Account even after it is closed.

d) After you close your Fiat24 Account, Your Fiat24 Account Number will not be distributed to someone else.

17. Intellectual Property rights

a) All Intellectual Property Rights related to the Services and Fiat24 Materials are reserved. By using our Services and Fiat24 Materials, you are not granted any ownership rights, including Intellectual Property Rights, in or to the Services and Fiat24 Materials. You are only granted the rights to use our Services and Fiat24 Materials.

b) Images, texts, graphics, computer software etc. accessible in connection with our Services and Fiat24 Materials or downloadable from our Services may not be copied, downloaded or used in any other way than according to these Terms of Use. If data or programs are downloaded from our Services or Fiat24 Materials or reproduced in any other way, all ownership and Intellectual Property Rights thereto shall remain with us or any third party rights holder.

c) While you are using our Services, you may use the Fiat24 Materials only for your personal use and solely as necessary in relation to those Services.

d) You may not, and may not attempt to, directly or indirectly:

1. transfer, sublicense, loan, sell, assign, lease, rent, distribute or grant rights in the Service or the Fiat24 Materials to any person or entity,

2. remove, obscure, or alter any notice of any of our trademarks, or other "intellectual property" appearing on or contained within the Services or on any Fiat24 Materials,

3. modify, copy, tamper with or otherwise create derivative works of any software included in the Fiat24 Materials,

4. reverse engineer, disassemble, or decompile the Fiat24 Materials or the Services or apply any other process or procedure to derive the source code of any software included in the Fiat24 Materials or as part of the Services.

e) You hereby assign to us all title, rights and interests in any feedback / improvements with respect to the Fiat 24 Materials or Services, which you communicate or disclose in any manner to us during the term of this Terms of Use, without additional compensation and without any restrictions of use. Feedback / Improvements refer to any suggestion or idea for modifying the Fiat24 Materials or the Services, including without limitation all Intellectual Property Rights in any such suggestion or idea.

18. Our responsibility for loss or damage

a) We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents or subcontractors, for fraud or fraudulent misrepresentation.

b) With the exception of the mandatory liability cases listed above, any liability, in particular also the liability for auxiliary persons (art. 101 Swiss Code of Obligations), shall be excluded in its entirety.

c) We are not liable for technological attacks. We are not liable for any loss or damage caused by a virus, or other technological attacks or harmful material that may infect your computer equipment, computer programs, data or other proprietary material related to your use of our Services.

d) We have no control over websites linked to and from our Website and the information, goods or services offered, presented or stated there, and have not checked these websites or their contents. We assume no responsibility or liability for their content or any loss or damage that may arise from your use of them.

e) Our liability to you for unauthorized payments or our mistake. In case of an unauthorized payment or mistake due to our error, we shall at your request immediately refund the payment amount including all fees deducted by us. This shall not apply:

1. if you have acted fraudulently, in which case we will not refund you in any circumstances,

2. if you do not quickly notify us of security issues on your Fiat24 Account (e.g., loss of your Ethereum wallet password or private key), you remain liable for losses incurred up to your notification to us,

3. if the payment transaction was unauthorized but you have with intent or gross negligence compromised the security of your Fiat24 Account or failed to comply with your obligations to use your Fiat24 Account in the manner set out in these Terms of Use. In such a case you shall be solely liable for all losses,

4. if you do not let us know about the unauthorized or incorrectly completed transaction within 2 months from the date of the payment transaction.

19. Your responsibilities

a) You are responsible for checking your Fiat24 Account regularly. We rely on you to regularly check the transactions history of your Fiat24 Account and to contact Customer Support ([e-mail]) immediately in case you have any questions or concerns.

b) If an event, or a series of related events, that is outside of our reasonable control (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, pandemics, epidemics, disasters, explosions, fires, floods, riots, terrorist attacks, wars and other acts of God) (Force Majeure Event) gives rise to a failure or delay in performing any obligation under these Terms of Use, that obligation will be suspended for the duration of the Force Majeure Event. We will take reasonable steps to mitigate the effects of the Force Majeure Event.

c) You are liable for breaching these Terms of Use or applicable laws. In the event of loss or claims or costs and expenses arising out of your breach of these Terms of Use, any applicable law or regulation and/or your use of our Services, you agree to compensate us and our affiliates and hold us harmless. This provision will continue after our relationship ends.

d) You must indemnify us, our affiliates and employees from any liability and any costs, including possible and actual costs of legal proceedings, if a claim is made on us by third parties, including your employees, as a result of alleged acts or omissions by you. The indemnification shall exist particularly in connection with third party claims relating to:

1. your use of the benefits or Services under these Terms of Use in breach of these Terms of Use;

2. breaches of these Terms of Use or applicable laws by you;

3. the data processing carried out by you with the Fiat24 Web-App, including the alleged infringement of third party rights by such data processing.

We shall immediately notify you about the claim and, insofar as this is legally possible, give you the opportunity to defend yourself against the claims. At the same time, you shall immediately provide us with all information available to you concerning the facts which are the subject of the claim.

e) What happens if you owe us money? In the event you are liable for any amounts owed to us, we may immediately remove such amounts from your Fiat24 Account (if available). If there are insufficient funds in your Fiat24 Account to cover your liability, we reserve the right to collect your debt to us by using any payments received in your Fiat24 Account and otherwise you agree to reimburse us through other means. We may also recover amounts you owe us through legal means, including, without limitation, through the use of a debt collection agency.

20. Accessing our Services and Warranties

a) We expressly disclaim, to the maximum extent permitted by the applicable law, any and all warranties, whether express or implied, including but not limited to, any implied warranties of merchantability, title, fitness for a particular purpose, of accuracy, and non-infringement of our Services and Fiat24 Materials.

b) We will try to make sure our Services are available to you when you need them. However, we do not warrant that our Services can be used uninterruptedly and without error in all combinations desired by you. We may suspend, withdraw, discontinue or change all or any part of our Service without notice.

c) You acknowledge that we do not warrant that current or future versions of our Services will be supported, or that defects will be corrected, or that they are and will be error-free or free from viruses or other malicious software, and no information or advice obtained by you from us through our Services shall create any warranty not expressly stated in this Terms of Use.

d) You are responsible for making all arrangements necessary for you to have access to our Services. If you have granted permission to a third party to access your account, we may refuse access to that third party if we are concerned about unauthorized or fraudulent access by that third party. We will give you notice if we do this, either before or immediately after we refuse access, unless notifying you would be unlawful or compromise our reasonable security measures.

21. Information Security

a) You are responsible for your own Fiat24 Account Token and Fiat24 Cash Tokens, which are not safe kept in our Fiat24 Web-App or Website. Please refer the security guide of your own Ethereum wallet where to store your Fiat24 Account Token and Fiat24 Cash Tokens. If you have security concerns, you should contact security experts from your own Ethereum wallet provider. We are not liable to you if for any reason you lose your own Fiat24 Cash Tokens.

b) You are responsible for configuring your information technology, computer programs and platform in order to access our Services. You should use your own security measures on your mobile devices or any virus protection software.

c) You must not misuse our Services. You warrant not to misuse our Services by introducing viruses, trojans, worms, logic bombs or other materials which are malicious or technologically harmful. You must not attempt to gain unauthorized access to our Fiat24 Web-App or Website, our servers, computers or databases. You must not attack our Fiat24 Web-App or Website with any type of denial-of-service attack. In the event of such a breach, your right to use our Fiat24 Web-App and Website and/or our Services will cease immediately.

22. Linking to our site

a) You may link to our Website provided you follow certain rules. You may link to our Website, provided:

1. you do so in a way that is fair and legal and does not damage our reputation or take advantage of it,

2. you do not suggest any form of association, approval or endorsement on our part where none exists,

3. you do not frame (i.e. embedding in another website) our Website on any other site; and

b) We reserve the right to withdraw linking permission without notice.

23. When we can end these Terms of Use or suspend our Services

a) We may end the contract that has been entered into between you and us by your acceptance of these Terms of Use and close your Fiat24 Account, or any Service associated with it by giving you two months prior notice, unless your Fiat24 Account has no funds in it (balance = 0), in which situation we reserve the right to close the account without prior notice.

b) We may at any time suspend or close your Fiat24 Account and/or end the agreement with you without notice if you breach any provision of these Terms of Use or documents referred to in these Terms of Use. We will, in particular, terminate the agreement, if:

1. we are requested or directed to do so by any competent court of law, government authority, public agency, or law enforcement agency,

2. we have reason to believe you are in breach of any applicable law or regulation; or

3. we have reason to believe you are involved in any fraudulent activity, money laundering, terrorism financing or other criminal or illegal activity.

c) We may suspend your Fiat24 Account or restrict its functionality if we have reasonable concerns about the security of your Fiat24 Account or suspected unauthorized or fraudulent use of your Fiat24 Account.

d) We will give you notice of suspension only in your Account Status. From the Fiat24 Web-App you will notice any suspension or restriction of your account. If you use standard Ethereum Wallets, some of them support the visualization of your Fiat24 Account Token (ERC721) and the Account Status is shown as an image. We will lift the suspension and/or the restriction as soon as practicable after the reasons for the suspension and/or restriction have ceased to exist. We will not inform you by any email or telephone about the suspension or restriction of the Service.

e) Provisions, which explicitly or implicitly continue to apply after the termination of the agreement, shall not be affected by the termination or suspension.

24. Our right to make changes

a) We may change these Terms of Use anytime. In that case, you will be notified through the Fiat24 Web-App. If we do this, you can terminate the agreement with us immediately by providing written notice to us (by email to [e-mail]) within two months of the notice in the Fiat24 Web-App. If we do not hear from you during that time, you will be considered as having accepted the proposed changes and they will apply to you from the effective date specified on the notice in the Fiat24 Web-App.

b) Changes to exchange rates shall come into effect immediately without notice and you shall not have the right to object to such a change.

25. How we may contact you

a) If you are a Non-Client-Token-Holder (without any Fiat24 Account Token), we do not have any of your contact information and as result we will not contact you in any circumstances.

b) If you are a Standard Client, we usually contact you via email or telephone. For this purpose, you must at all times maintain at least one valid email address and mobile phone number in your Fiat24 Account profile. You should check for incoming messages regularly and frequently; these emails may contain links to further communications on our Website. If you do not maintain or check your email and other methods of communication, you may miss emails about your transactions and our Services. We cannot be liable for any consequence or loss in this case. If we have reasonable concerns either about the security of your Fiat24 Account or any suspected or actual fraudulent use of your Fiat24 Account, we will contact you via telephone, email, or both (unless contacting you would be unlawful or compromise our reasonable security measures).

c) In addition to communicating via email or telephone, we may contact you via letter where appropriate.

d) Where legislation requires us to provide information to you on a durable medium, we will either send you an email (with or without attachment) or send you a notification pointing you to information on our Website in a way that enables you to retain the information in print format or other format that can be retained by you permanently for future reference. Make sure you keep copies of all communications we send or make available to you.

26. Other important terms

a) You confirm that you can legally agree to the present Terms of Use without the approval of a third party.

b) You may not transfer, assign, pledge, charge, subcontract, declare a trust over or deal in any other manner with any or all of your rights and obligations under the agreement with us and as set out in these Terms of Use (including the Fiat24 Account) without our prior written consent. We reserve the right to transfer or assign the agreement entered into between you and us (including the Fiat24 Account) at any time without your consent. You are required to resolve any dispute with us on an individual basis and not as part of any class or representative action. This does not affect your rights to close your Fiat24 Account under section 16.

c) If a court finds part of these Terms of Use or the Terms of Use in full invalid, the rest of the Terms of Use will continue to be valid. Each of the paragraphs of these Terms of Use operates separately. In this case, you and we shall cooperate to replace invalid paragraphs with valid ones as best as possible.

d) Even if we encounter a delay in enforcing these Terms of Use, we can still enforce them later and we do not waive our rights to enforce these Terms of Use. If we encounter a delay in asking you to do certain things or in taking action, it will not prevent us taking steps against you at a later date.

e) These Terms of Use supersede and extinguish all previous agreements between you and Fiat24, whether written or oral, relating to its subject matter.

f) These Terms of Use and any and all rights, duties, and claims arising out of or in connection therewith, shall exclusively be governed by the substantive laws of Switzerland, to the exclusion of conflict of law provisions and international treaties.

g) Any dispute, controversy or claim arising out of or in relation to this Terms of Use, including the validity, invalidity or breach thereof, shall be resolved exclusively by the ordinary courts having jurisdiction in the city of Zurich, Switzerland.