TheseStobox 4 Terms of Use (hereinafter – the “Terms of Use” or “StoboxTerms”) apply to and govern your permitted users’ access to and use of the Blockchain based application (the “Stobox 4”) and the services and toolsmade available on the Stobox 4 (collectively, the “Services”). These Terms form the agreement between StoboxInnovations Limited (“Stobox”, “we”, “us”, “our”) and you as a physical person or the legal entity which you represent (“you” or “your”, “user”), and constitute a binding legal agreement. Please read these Terms of Use carefully, as they govern your use of our Services, and expressly cover your rights and obligations, and our disclaimersand limitations of legal liability, relating to such use. By clicking “I Agree”to the Terms of Use or using the Services, you accept and agree to be bound byand to comply with these Terms of Use. If you do not agree to these Terms of Use, you must not access or use our Services.
1. DEFINITIONS
For the purpose of clarity andunderstanding, the terms listed below shall have the following meaning:
“Account” – a user accountassigned to you after completion of the registration procedure on the Stobox web-site available via this link.
“Affiliate” means, with respect to a party to these Terms of Use, any legal entity that, directlyor indirectly controls, is controlled by, or is under common control with suchparty.
“Applicable Law” has themeaning set out in Section 15.
“Blockchain” meansthe underlying distributed computation and data storage infrastructure that Stobox uses to provide its Services. Examples of blockchain include Ethereum, Polygon, Arbitrum and others.
“Digital Assets” – are representations of value or certain rights that exist in the form ofcryptocurrency tokens. Data about ownership and transactions with digitalassets is stored on Blockchain, and transactions with Digital Assets areprocessed using the Blockchain.
“Fractal ID” – a digitalidentity verification platform that streamlines KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) processes, enabling the verification of user and business identities in compliance with international regulatory standards.
“Fireblocks” – a platformfor secure storage, management, and transfer of digital assets that Stobox 4 uses as the wallet infrastructure. Fireblocks employs Multi-Party Computation (MPC) technology to protect private keys and reduce the risk of asset lossduring transactions. The platform supports integration with various blockchainsand provides a non-custodial solution for digital asset storage and management.
“Governmental Authority” includesany domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority.
“KYC Verification” – KYC (Know Your Customer) Verification is a process that ensures users are legallyeligible to participate in financial transactions, ensuring compliance withregulatory requirements. For Real World Assets (RWAs), each wallet must belinked to a verified, identifiable user as part of this compliance process.
“KYB Verification” – KYB (Know Your Business) Verification is a process used to confirm the registration and legal compliance of entities participating in assettokenization. This process is required to ensure that only properly registered entities are eligible to participate, meeting regulatory compliance standards.
“Multi-Party Computation (MPC)” – a private key storage technology utilized by Fireblocks and Stobox 4, where private keys are split into multiple parts and stored across different devices or locations, preventing any single entity from accessing the entire key.
“Multi-Party Computation Keys (MPC Keys)” – the string of letters and numbers that serves as an accessand control key for Non-Custodial Wallets that utilize Multi-Party Computation technology.
“Native token” means the Blockchain utility token that may be used to purchase computational resources to run decentralized applications or perform actions on the blockchain.
“Multi-Party Computation Non-Custodial Wallet (MPC-NCW)” – the Blockchain wallet, Private Keys to which are fully or partially controlled by the user, and not wallet provider. The wallet or platform provider cannot access a user's digital assets stored in the MPC-NCW without the user’s approval, unless permitted by the digital asset smart contract.
“Private Key” – an access key that provides control over Blockchain wallets and allows to authorize Blockchain transactions.
“Services” has the meaning set out in article 3 below.
“STBU” – a utility token which Issuers purchase and use to enjoy our services.
“STBX” – a security token representing a form of Participation Certificates, issued by Stobox Tokenized Equities Limited, which confers upon users economic rights associated with shares of Stobox Holdings International Limited. Users can purchase STBX tokensvia the Stobox 4.
2. MODIFICATIONS TO THE STOBOX TERMS
We reserve the right, in our sole discretion, to modify Stobox Terms From time to time. Any and all such modifications are effective immediately upon posting. By clicking “I Agree” to any modified terms or by continuing to access or use the Services, you accept and agree to be bound to the modified terms. You agree to frequently review the Stobox Terms to ensure that you are aware of any such modified terms.
3. SERVICES
3.1. Description of Services. Stobox4 provides tools and technologies to create Non-Custodial Wallets that utilize MPC technology. Stobox 4 Non-Custodial Wallets can be used to purchase and hold various digital assets. Stobox 4 provides an interface to interact with the wallet and to purchase and exchange certain digital assets from third-party providers. Stobox 4 also provides users with a digital identity certificate that might be recognized by certain third-party systems.
3.1.1. Some of the Services might be unavailable at the time of reading and areplanned for future rollout or expansion.
3.2. Digital assets. Stobox has full discretion over which assets are made available for purchase via the Stobox 4 interface and can change the list at any time without notice. The current list of available assets can be found at www.stobox.io/4/individuals and www.stobox.io/4/business.
3.3. Access Restrictions
3.1.1. We may, at any time and in our sole discretion, restrict your access to, orotherwise impose conditions or restrictions upon your use of the Services without prior notice. For example, we may restrict access to or certain transaction requests from certain locations if we have a reasonable suspicion of fraud, diminished capacity, inappropriate activity or a dispute inconnection with your Account. Stobox shall not be obligated to provide the reason for the restriction.
3.3.2. The Services are prohibited for any person who is a citizen, resident, or located in any jurisdiction where the use of the Services would be unlawful or would violate applicable laws and regulations. Each user is responsible for ensuring that their use of the Services is permitted in their jurisdiction of residence and complies with all applicable laws, regulations, orders, andjudicial decisions.
3.3.3. Access to certain sections of the Stobox 4 may be restricted based on the user's risk level, Stobox compliance requirements or any other reason. Stobox reserves the right, at its discretion, to deny access to specific parts of the Services.
3.3.4. When restricting or terminating your Account, we will aim to provide a reasonable advance notice if possible and feasible. In many cases, Stobox won’t be able to do so, for example, because account restriction is necessary to prevent fraudulent activity.
4. FEES
4.1. Access to Stobox 4 Service is provided on the subscription basis. Subscription payment plans are available at: www.stobox.io/4/individuals and www.stobox.io/4/business.
4.2. Stobox reserves the right to change the Fees at any time, and will provide you with a notice of any such fee changes before they become effective.
4.3. Subscription fees are non-refundable under any circumstances whatsoever.
4.4. Gas Charges – Some Services involve the use of the Blockchain, which may require you to pay Gas Charges. You acknowledge and agree that Stobox has no control over: (a) any Blockchain transactions; (b) the method of payment of anyGas Charges; or (c) any actual payments of Gas Charges. Accordingly, you must ensure that you have a sufficient balance of Native Tokens stored at your Non-Custodial Wallet to complete any transaction on the Blockchain beforeinitiating such a Blockchain transaction.
4.4.1. You might be unable to withdraw Digital Assets stored in Stobox 4 MPC-NCW unless you have enough Native Token to pay Gas Charges associated with such transaction. Stobox is not liable for any losses incurred due to failure towithdraw the Digital Assets timely or at all due to the lack of Native Tokensto pay Gas Charges.
4.5. Taxes – The Fees, and any other charges hereunder, can be subject to any applicable sales, value-added, excise, with holding and other taxes. You are solely responsible for paying any such taxes applicable to the consideration payable under these Terms, as may be required under Applicable Law. Please note that users should also be aware that third-party services accessed through Stobox 4 may impose additional fees, charges, or taxes, for which users are individually responsible. No exit fee is imposed for the use of Stobox 4 Services.
5. ACCOUNT
5.1. To access Stobox services, a user must create an account on https://stobox4.io/ and become a registered user.
5.2. During registration, in order to create an Account, we will ask you to provide certain information, including, but not limited to your name and your email address.
5.3. Each registered user may have only one account. The creation of multiple accounts by a single user will be considered a violation of these Terms of Use, and in such cases, Stobox reserves the right to investigate and close any of these accounts.
5.4. To access Stobox 4, all users must complete the KYC (Know Your Customer) or KYB (Know Your Business) verification process. Stobox verifies users according to its compliance policy, which is subject to change at any time at Company’s discretion without prior notice. The Company retains the right to require users to update their KYC/KYB, complete the verification again or restrict the account that the Company believes to violate its compliance requirements. Stobox reserves the right to reject the user’s KYC application for any reason, including but not limited to several failed KYC attempts, high perceived risk, discrepancies in data and others.
5.5. Any user may terminate their user account registration at any time using corresponding termination flow in the Stobox 4 interface.
6. MULTI-PARTY COMPUTATION KEYS
6.1. During the creation of an account, users can create Non-Custodial Wallets and generate Multi-Party Computation Keys related to the user's wallet. A separate MPC-NCW should be created for each Blockchain, but all MPC-NCWs created by a user share the same MPC Keys and the same backup.
6.2. Stobox does not store user MPC keys. Part of the MPC key is kept by the user, while another part is stored with Fireblocks.
6.3. The user’s part of the MPC Keys are stored locally on the user's computer within the current browser session. If the user loses access to their device or account, they can use the backup file to regain access.
6.4. The user should ensure that their browser is secure and avoid clearing its storage to maintain access to their MPC keys.
6.5. After completing the MPC Key generation, the user will be prompted to save a backup of these keys. Users agree to store the backup securely to restore access to their MPC-NWCs if needed. You must restore the backup if you lost it but still have the MPC Keys stored on your device. You can create a new backup via Stobox 4, which renders the old one obsolete.
6.6. You can remove your MPC-NCW from Stobox 4. You will receive a full private key to the MPC-NCW, and won’t be able to access your Stobox 4 account anymore. In the case if a user has MPC-NCWs on several Blockchains, the user will receive a separate Private Key for each Blockchain or group of Blockchain that require a different Private Key.
6.7. In the event that users lose their portion of the MPC key, they bear full responsibility for this loss. Stobox does not have access to or control over users' private keys and therefore cannot assist in recovering assets if a user’s portion of the key is lost. Under no circumstances shall Stobox be liable for any losses incurred due to the loss of the MPC Keys.
6.8. You recognize that Stobox doesn’t act as a custodian or broker and never holds your digital assets, cryptocurrency, fiat currency or securities on your behalf. Stobox merely provides technology you can use to hold and interact with digital assets. Stobox bears no responsibility for the security of the private keys or anything related to any digital assets, except for STBX and STBU.
7. CUSTOMER RESPONSIBILITIES AND WARRANTIES
7.1. Each user confirms the following:
(a) For individual users: The user is at least the legal age required in their jurisdiction to engage in investments, fully understands the inherent risks of investing, and acknowledges the possibility of total loss of invested funds. Additionally, if the user resides in a region with specific age requirements or criteria for participating in the Services, the user agrees to abide by all relevant laws and standards applicable in that region. The user also demonstrates familiarity with digital securities, cryptographic systems, and blockchain-based platforms and is not currently in a state of bankruptcy.
(b) For users acting on behalf of a legalentity: The user affirms that:
● the representatives or executive officers of the legal entity understand the risks associated with investing, including the potential for complete financial loss;
● the representatives or executive officers of the legal entity possess knowledge of digital securities, cryptographic systems, and blockchain technology;
● the legal entity is not undergoing, nor is it subject to, any voluntary or involuntary insolvency or liquidation proceedings, nor does it intend to cease its operations;
● the user holds the authority to make the above confirmations on behalf of the entity; and
● any necessary documents verifying the user’s authorization to act on the entity's behalf may be requested.
7.2. Your Responsibilities – As a condition to accessing orusing the Services, you shall:
a) maintain the security of their approved registered user account, password, MPC-NCW private key / MPC Key; Users shall periodically change their passwords, keep usernames and passwords confidential, and avoid disclosing their passwords to anyone.
b) promptly notify Stobox of any suspected unauthorized access to their user account or if they believe their password has been compromised.
c) promptly update their registration data, if applicable, and any other information provided to Stobox as anapproved registered user;
d) assume full responsibility for anyuse of the approved registered user account and for all activities conducted through the account; and
e) provide Stobox with any additionalin formation upon request, if required, for compliance or other purposes. Each user assumes all risks associated with their registration data, including reliance by any third party on its quality, accuracy, or reliability.
f) only use the Services for lawful purposes and in accordance with these Terms of Use;
g) ensure that, at all times, all information that you provide for the Services, including the information in your Account, is complete, current and accurate;
h) maintain the security and confidentiality of your Account.
7.3. Unacceptable Use or Conduct – As a condition to accessing or using the Services, you will not:
a) violate any Applicable Law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing regimes;
b) infringe on or misappropriate any contract, intellectual property or other third-party rights using the Services;
c) use the Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Services, or that could damage, disable, overburden, or impair the functioning of the Services in any manner;
d) attempt to circumvent any content filtering techniques or security measures that Stobox employs for the Services, or attempt to access any service or area of the Services that you are not authorized to access;
e) use any malware or other automated means not provided by us, to access the Services or to extract any data which can be gained utilizing the Services;
f) use or attempt to use another user’s Account without authorization;
g) post content or communications using the Services that are, in our sole discretion, libelous, defamatory, profane,o bscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
h) use the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined is a jurisdiction where the use of the Services is prohibited;
i) encourage or induce any third party to engage in any of the activities prohibited under this Section 4.8.
7.4. Your Assumption of Risks – You represent and warrant that you:
a) have the necessary technical expertise and ability to review and evaluate the security, integrity and operation of any digital assets, including STBU/STBX that you decide to interact with;
b) have the knowledge, experience, understanding, professional advice and information to make your own evaluation of the merits, risks and applicable compliance requirements under Applicable Law of any security token activity you engage in;
c) know, understand and accept the risks associated with your digital assets, including STBU, STBX, Native Tokens and other digital assets;
d) accept the risk of purchasing digital assets, including STBU/STBX, exchanging them and otherwise utilizing the Services, and are responsible for conducting your own independent analysis of the risks specific to your use of the Services;
e) Stobox is not an issuer of any digital assets accessible via Stobox 4 except for STBU and STBX. Stobox has no control over the performance of such assets, hasn’t conducted due diligence on the issuers and makes no warranties and guarantees regarding the performance of such assets.
f) recognize that Stobox is not a registered investment adviser, does not endorse and recommend any digital assets. Including digital assets into the list of available assets does not constitute an investment advice or endorsement of said digital asset.
g) understand and accept that the Services are software applications consisting of code subject to flaws and that you acknowledge that Service might be unavailable from time to time. You agree that Stobox bears no liability for any losses you might incur due to bugs or the temporary unavailability of Services.
8. PRIVACY NOTICE
Stobox will collect certain information about you, including but not limited to firstand last name, email address, passport data, and transaction information. You recognize that this data is necessary to create your account and conduct the KYC/KYB verification.
Please refer to our Privacy Notice for information about how we collect, use, and share your information.
9. PROPRIETARY RIGHTS
9.1. Ownership of Services – Excluding any open source software or third-party licensed software that the Services incorporate, Stobox owns the Services, including all technology, content, intellectual property objects and rights in them and other materials used, displayed or provided on or in connection with the Services.
9.2. Open Source Software Licence; Limitations – You acknowledge that the Services may use, incorporate or link to certain open-source components and that you will comply with any applicable open-source licences that govern any such open-source components.
9.3. Trademarks – Any of our product or service names, logos, and other marks used in or as a part of the Services, including our name and logo are trademarks owned by Stobox, its Affiliates or its applicable licensors. You may not copy, imitate or use them without our (or the applicable affiliate’s or licensor’s) prior written consent.
10. CHANGES, SUSPENSION, TERMINATION
10.1. Changes to Services – We may, at our sole discretion, from time to time and with prior notice to you, modify, suspend or disable, temporarily or permanently, the Services, in whole or inpart, for any reason whatsoever.
10.2. No Liability – We will not be liable for any losses suffered by you resulting from any modification to any Services or from any suspension or termination, for any reason, of your access to all or any portion of the Services.
10.3. Effect of Termination – In the event we terminate your Account or your complete access to the Services, we may delete or suspend your Account and all related information and files in such Account.You recognize that Stobox may keep some or all of your information to follow its compliance requirements, including Anti-Money-Laundering policy.
11. COMMUNICATIONS
11.1. You agree to receive all communications, agreements, documents, receipts, notices, and disclosures electronically (collectively, “Communications”) that we provide in connection with these Terms of Use, your Account or any Services. You agree that we may provide our Communications to you by posting them on our web-site or by emailing them to you at the email address linked to your Account. All Communications are considered received and read when sent to the user’s email.
11.2. Users can submit complaints or inquiries regarding the Services by contacting us at support@stobox.io. While we are committed to prompt and efficient complaint resolution, Stobox does not guarantee a specific time frame for resolution and shall not be liable for any delays in processing complaints, except as required by Applicable Law.
12. INDEMNIFICATION
You will defend, indemnify, and hold harmless us, our Affiliates and our Affiliates’ respective shareholders,members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors (collectively, “Indemnified Parties”) from any claim, demand, lawsuit, action, proceeding, investigation, liability, damage, loss, cost or expense, including, without limitation, reasonable attorneys’ fees, arising out of or relating to (a) your use of, or conduct in connection with, the Services; (b) the transfer of your tokens to third parties; (c) any digital assets associated with your account; (d) any feedback or user content you provide when accessing theServices, if any; (e) your violation of these Terms; (f) your infringement or misappropriation of the rights of any other person or entity; or (g) your violation of any legislation of any country, including related to money laundering and fraud. If you are obligated to indemnify any Indemnified Party,Stobox (or, at its discretion, the applicable Indemnified Party) will have the right, in its sole discretion, to control any action or proceeding and to determine whether Stobox wishes to settle, and if so, on what terms.
13. LIMITATION OF LIABILITY
13.1. To the maximum extent permitted under Applicable Law, the Services (and any of their content or functionality) provided by or on behalf of us are provided on an “AS IS” and “AS AVAILABLE” basis, and we expressly disclaim, and you waive, any representations, conditions or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including, without limitation, the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Services (including any data relating thereto) will be uninterrupted, available at any particular time or error-free. Further, we do not warrant that errors in the Services are correctable or will be correctable.
13.2. You acknowledge that your data may become irretrievably lost or corrupted or temporarily unavailable due to a variety of causes, and agree that, to the maximum extent permitted under Applicable Law, we will not be liable for any loss or damage caused by denial-of-service attacks, software failures, viruses or other technologically harmful materials (including those which may infect your computer equipment), protocol changes by third party providers, Internet outages, force majeure events or other disasters, scheduled or unscheduled maintenance, or other causes either within or outside our control.
13.3. The disclaimer of implied warranties contained herein may not apply if and to the extent, such warranties cannot be excluded or limited under the ApplicableLaw of the jurisdiction in which we reside.
13.4. You acknowledge and agree that you will be bound by, and hereby authorize Stobox to accept and rely on any agreements, instructions, orders, authorizations and any other actions made, provided or taken by anyone who has accessed or used your Account, regardless of whether such access is authorized or unauthorized. You further acknowledge and agree that Stobox will not beliable for any of its actions that you have authorized it to take.
14. EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES
In no event shall we (together with our Affiliates, including our and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors) be liable for any incidental, indirect, special, punitive, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, goodwill, profits or other business or financial benefit) arising out of or inconnection with the Services (and any of their content and functionality), any performance or non-performance of the Services, Native Token, STBU/STBX, antother digital assets, Stobox 4 or any other product, service or other item provided by or on behalf of us, whether under contract, tort (including negligence), civil liability, statute, strict liability or under any other theory of liability, and whether or not we have been advised of, knew of or should have known of the possibility of such damages and not withstanding any failure of the essential purpose of these Terms of Use or any limited remedy hereunder.
15. GOVERNING LAW
The interpretation and enforcement of these Terms of Use, and any dispute related to these Terms of Use or the Services, will be governed by and construed and enforced in accordance with the laws of the state of British Virgin Islands, as applicable, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. You agree that we may initiate a proceeding related to the enforcement or validity of our intellectual property rights in any court having jurisdiction and you waive any objection to venue in any such court.
16. MISCELLANEOUS
16.1. Remedies – Any right or remedy of Stobox set forth in these Terms of Use is in addition to, and not in lieu of, any other right or remedy whether described in these Terms of Use, and terms incorporated by reference herein, under Applicable Law, at law or inequity.
16.2. Affiliates and Contractors – The Services may be operated or provided by us, our Affiliates, or our Affiliates’ respective subcontractors. To the extent that one of our Affiliates or subcontractors, is operating or providing any Services, the Affiliate or subcontractor’s provision of such Services will be under terms identical to these Terms, substituting the Affiliate or subcontractor’s name wherever we are referenced in these Terms of Use.
16.3. Non-waiver – Our failure or delay in exercising any right, power, or privilege shall not operate as a waiver thereof.
16.4. Severability – The invalidity or unenforceability of any of these Terms of Use shall not affect the validity or enforceability of any other of these Terms of Use, all of which shall remain in full force and effect.
16.5. Force Majeure – We will have no responsibility or liability for any failure or delay in performance of the Services, or any loss or damage that you may incur, due to any circumstance or event beyond our control, including without limitation any flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications, power failure, or equipment or software malfunction.
16.6. Assignment – You may not assign or transfer any right to use your Account or the Services, or any of your rights or obligations under these Terms of Use, without our prior written consent, including by operation of law or inconnection with any change of control. We may assign or transfer any or all of our rights or obligations under these Terms of Use, in whole or in part, without notice or obtaining your consent or approval.
16.7. No Broker, Legal or Fiduciary Relationships – Stobox is not a provider of abroker, legal, intermediary, agent, or advisory services and has no fiduciary relationship or obligation to you regarding any of your decisions or activities that you affect when using the Services. Neither our communications nor any information that we provide to you is intended as, or shall be considered or construed as an advice.
16.8. Headings – Headings of sections are for convenience only and shall not be used to limit or construe such sections.
16.9. Entire Agreement – These Terms contain the entire agreement, and supersede all prior and contemporaneous understandings between the parties regarding the Services.
