## Our Rules

Terms & Conditions

##### Rules

# LEDGER LIVE TERMS OF USE

You are about to use Quantum ledger Global. We’re excited for you! Before you get on, Quantum ledger Global needs you to carefully read, understand and accept our Terms of Use (the or these “Terms”).

## 1. Overview

This agreement is between you (“you”, “your”, or “User”) and Quantum ledger Global (“Ledger”, “us”, “we,'' “our”, or the “Company”). Ledger is a simplified joint-stock company with a capital of 1 459 259 € with its registered offices is located at 1, rue du Mail,75002 Paris and registered with the Paris Trade and Companies Register under number 529 991 119.

By clicking “I agree”, “Get started”, or otherwise using any of the services provided by Quantum ledger Global or any third party services made available through Quantum ledger Global Live, you agree that you have carefully read and accepted all of the below terms and conditions.

BEFORE USING Quantum ledger Global LIVE, PLEASE EDUCATE YOURSELF TO MAKE INFORMED DECISIONS. Quantum ledger Global DOES NOT PROVIDE FINANCIAL, TAX, OR LEGAL ADVICE. Quantum ledger Global DOES NOT EXCHANGE, SEND, OR RECEIVE CRYPTO ASSETS FOR USERS. Quantum ledger Global DOES NOT ADVISE OR MAKE RECOMMENDATIONS ABOUT ENGAGING IN CRYPTO ASSET TRANSACTIONS OR OPERATIONS. DECISIONS TO ENGAGE IN TRANSACTIONS OR PERFORM OPERATIONS INVOLVING CRYPTO ASSETS SHOULD BE TAKEN ON YOUR OWN OR RELY ON OPINIONS OF YOUR OWN RELIABLE AND QUALIFIED EXPERTS.

## 2. Definitions

The following capitalized terms shall have the meanings described below when used in these Terms, it being specified for the avoidance of doubt that in these definitions, reference to the singular includes a reference to the plural and vice versa, except when clearly inappropriate.

“Crypto Assets” means types of digital assets which can be transmitted with blockchain technologies. This includes cryptocurrencies as well as non-fungible tokens (“NFTs”).

“Device Application” means a software application, developed by Quantum ledger Global or by third parties, which embeds a specific cryptographic signature logic within Quantum ledger Global’s operating system BOLOS in order to create a transaction, on Quantum ledger Global Live or a third party application, and sign various operations with a Quantum ledger Global Device, including but not limited to: Crypto Assets transactions broadcast, authentication, password management.

“Fork” means a change to the underlying protocol of a blockchain network that results in more than one version of a Crypto Asset, the result of which may be one or more versions that are not supported by Quantum ledger Global Live.

“Quantum ledger Global Device” means an electronic device, developed and distributed by Quantum ledger Global, generally referred to as a “hardware wallet”, used to manage and secure Users’ Private Keys and other cryptographic secrets, compatible with Quantum ledger Global Live or compatible Wallets.

“Quantum ledger Global Live” means the mobile and desktop software application which provides access to applications and Services, including services that can only be used in connection with a Quantum ledger Global hardware wallet.

“Quantum ledger Global Live Manager” means a catalog of Device Applications available for download, which enables Users to update their Quantum ledger Global Device firmware, install Device Applications and manage supported Crypto Assets.

“Materials” means content, documentation as well as source and object codes for all software embedded within Quantum ledger Global Live and Quantum ledger Global Devices.

“PIN” means the numeric password chosen by the User to unlock a Quantum ledger Global Device.

“Private Keys” means a critical piece of data used to authorize outgoing transactions on blockchain networks.

“Services” means one or more of the services available within or through Quantum ledger Global Live, including without limitation the Third Party Services.

“Third Party Services” refers to any services, applications, software or other Materials that are hosted, developed and/or operated by a third party, including, but not limited to: crypto to crypto exchanges (“swap”), staking, buying and selling cryptocurrencies, display of balance in FIAT, display of currency rates, decentralized financial applications allowing the exchange, lending or borrowing of cryptocurrencies, visualization of NFTs, minting, buying and selling of NFTs, etc.

“Wallet” means a software program which interacts with various blockchain networks to generate and manage sets of private keys and public keys, configure transactions and monitor their balance.

“Website” means websites owned and operated by Quantum ledger Global, including the corporate website hosted at quantumledgerglobal.com

“24-word Recovery Phrase” means a confidential combination of human readable words, generated by Quantum ledger Global Devices, from which Users’ Private Keys are derived. They are used to back-up and restore access to Crypto Assets on other Quantum ledger Global Devices or compatible Wallets.

## 3. Eligibility

To be eligible to use the Services, you must be at least 18 years old or qualify as an adult in your country of residence. If you are using the Services on behalf of a legal entity, you further represent and warrant that: (a) the legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (b) you are duly authorized by such legal entity to act on its behalf. You can only use the Services if permitted under the laws of your jurisdiction. Please make sure that these Terms are in compliance with all laws, rules, and regulations that apply to you.

## 4. Risks and recommendations

You acknowledge that you are fully aware of all applicable laws and technical constraints relating to the proof-of-stake and proof-of-work blockchains, and to the Services. You acknowledge that you have been warned of the following associated risks and advised of the following recommendations:

4.1 Regulatory changes. Blockchain technologies and related services are subject to continuous regulatory changes and scrutiny around the world, including but not limited to anti-money laundering and financial regulations. You acknowledge that certain Services, including their availability, could be impacted by one or more regulatory requirements.

4.2 Tax. Transactions or operations in Crypto Assets , or more generally Crypto Assets events, including but not limited to exchanges, air-drops, forks, and gains arising from staking, may be considered tax events according to the legislations law under which you are subject to taxation. These rules may be unclear or subject to change, and you are therefore encouraged to consult your own tax or accounting adviser before engaging into Crypto Assets activities.

4.3 Technology. Users understand that some of the technology supported or made available through the Services are new, untested and not provided by Quantum ledger Global and therefore outside of Quantum ledger Global’s control. Advances in cryptography, or other technical advances such as the development of quantum computers, could present risks to blockchain networks which could result in the theft or loss of Crypto Assets. Other adverse changes in market forces or in the technology, broadly construed, may prevent or compromise Quantum ledger Global’s performance under these Terms.

4.4 Cybersecurity. Hackers or other groups or organizations may attempt to interfere with Quantum ledger Global’s products and information systems in several ways, including without limitation denial of service attacks, side-channel attacks, spoofing, smurfing, malware attacks, or consensus-based attacks.

4.5 Underlying blockchain protocols. All transactions created through the Services are confirmed and recorded on blockchain networks. Such networks are decentralized peer-to-peer networks run by independent third parties, which Quantum ledger Global does not own, control or operate. We have no control over blockchain networks and, therefore, cannot and do not ensure that the transactions you broadcast on the Services will be confirmed and processed. You acknowledge that we do not store, send, or receive Crypto Assets on your behalf and you agree that the transactions you configure through the Services may fail, or may be substantially delayed by the underlying blockchain networks. On occasions, the blockchain protocol of a given Crypto Asset may change, which may have consequences on its key characteristics including but not limited to their availability, name, security, valuation value or the way it operates. Forks entail that forked Crypto Assets may be misdirected or replicated. In any such events, Quantum ledger Global may decide, at its discretion, to suspend support of the impacted Crypto Asset for as long as Quantum ledger Global deems necessary. When it so decides, Quantum ledger Global will endeavor to give you advance notice, but may not be able to. You should keep yourself apprised of such events and make all necessary arrangements.

4.6 No retrieval of Private Keys. The only existing backup is with you. Quantum ledger Global operates non-custodial services, which means that we do not store, nor do we have access to your Crypto Assets nor your Private Keys. Quantum ledger Global does not have access to or store passwords, 24-word Recovery Phrase, Private Keys, passphrases, transaction history, PIN, or other credentials associated with your use of the Services. We are not in a position to help you retrieve your credentials. You are solely responsible for remembering, storing, and keeping your credentials in a secure location, away from prying eyes. Any third party with knowledge of one or more of your 24-word Recovery Phrase or PIN can gain control of the Private Keys associated with your Quantum ledger Global Device or of the 24-word Recovery Phrase, and therefore steal your Crypto Assets, without any possibility for you or Quantum ledger Global to retrieve them.

4.7 Keep your credentials safe. When you set your Quantum ledger Global Device up, you must: (a) create and remember a strong PIN that you do not use for any other service; (b) protect and keep your 24-word Recovery Phrase secure and confidential; (c) protect access to your Quantum ledger Global Device; To learn more about how to use and secure your 24-word Recovery Phrase, we recommend that you visit quantumledgerglobal.com and in particular, or visit Quantum ledger Global’s website..

4.8 Do not trust. Verify. Software integrity, especially when connected to the Internet, is very hard to verify. Quantum ledger Global’s security model relies on trusted display. This is why the verification of the information on your Quantum ledger Global Device is paramount. Before you approve an operation, you must always double check that the information displayed on your mobile or desktop screen is correct and matches the information displayed on your Quantum ledger Global Device. Upon sending Crypto Assets, you are solely responsible for verifying that the recipient address, amount and fees are correct and that they are the same on both your computer or mobile and on your Quantum ledger Global Device’s screen. You also acknowledge that using unverified addresses to receive Crypto Assets comes at your own risk.

4.9 Learn more about crypto and the risks involved. Before using Quantum ledger Global Live or any of Quantum ledger Global Devices, it’s important to learn and understand how to use your Crypto Assets and the risks involved.

4.10 No liability. There may be additional risks that we have not foreseen or identified in these Terms. Before you use the Services, you are strongly encouraged to carefully assess whether your financial situation and risk tolerance is compatible with such use. For the avoidance of doubt, and notwithstanding the generality of the Limitation of Liability under these Terms, you hereby agree that Quantum ledger Global shall have no liability for any loss that incurs as a consequence of the risks highlighted in this section and/or your failure to follow the recommendations herein.

## 5. Services and features

### 5.1 Services Overview

5.1.1 Description. Quantum ledger Global Live, in connection with Quantum ledger Global Devices, provides you with a convenient and secure way to manage your Device Applications, access and use Third Party Services, as well as use Private Keys derived from your 24-word Recovery Phrase.

With Quantum ledger Global Live, you can (including without limitation)

- Update the firmware of your Quantum ledger Global Device

- Install and uninstall Device Applications with the Quantum ledger Global Live Manager

- View the balance of your portfolio of Crypto Assets that you hold in self-custody

- Manage your NFTs

- Learn about Crypto Assets, how to secure them and how to use them

- Keep track of cryptocurrency prices in real time

- Access the means to perform operations via our Third Party Services on various blockchain networks in accordance with their respective protocol rules, such as but not limited to:

  - Send and receive Crypto Assets to and from users of a dedicated blockchain network

  - Stake your Crypto Assets on Proof-Of-Stake networks

5.1.2 Supported Crypto Assets. Quantum ledger Global Live and Quantum ledger Global Devices are only capable of supporting certain Crypto Assets.

5.1.3 Services availability. We may change, update or suspend the Services, temporarily or indefinitely, so as to carry out works including, but not limited to: firmware and software updates, maintenance operations, amendments to the servers, bug fixes, etc. We will make reasonable efforts to give you prior notice of any significant disruption of the Services. Quantum ledger Global does not guarantee the correct functioning of the Services in the event of the installation or use of programs or applications that do not conform to Service specifications and technical standards. Please note that when a Service is unavailable or suspended, you can always recover your Private Keys using your 24-Recovery Phrase on any compatible Wallet.

5.1.4 Connect with your Quantum ledger Global Device. Certain Services may be used without connecting your Quantum ledger Global Device (such as access to learning content, monitoring cryptocurrency prices or view the balance of your portfolio) whereas other Services may only be used in connection with your Quantum ledger Global Device, including without limitation send, buy, sell, swap and stake services.

5.1.5 Experimental features. In order to accommodate advanced Users’ requests and to build new features and functionalities, we may release a series of experimental features on Quantum ledger Global Live from time to time. These features may not be complete and may have not been fully tested, which may present heightened risks. They may contain errors or inaccuracies that could cause failures, corruption or loss of data and/or information. You can think of these features as beta features. Quantum ledger Global does not guarantee the stability, functionality, or long-term support of these features. We do not recommend to use these features unless you are an advanced User with strong technical skills. You expressly acknowledge and agree that use of the experimental features is at your sole risk.

### 5.2 Third Party Services

5.2.1 Third Party Services terms and conditions. Quantum ledger Global Live may incorporate, reference and/or provide access to Third Party Services. For instance, buy, sell and crypto to crypto exchange (“swap”) services are Third Party Services. You agree that your use of Third Party Services is subject to separate terms and conditions between you and the third-party identified in Quantum ledger Global Live. For ease of reference, a list of links to Third Party Services terms and conditions is available below. Quantum ledger Global does not guarantee that such a list is comprehensive and it’s your responsibility to review and understand the applicable terms and conditions before using a Third Party Service: