These general terms and conditions of use of the "BELO" mobile Application, including its annexes and updates, (hereinafter, the "General Terms") constitute the agreement between any person over 18 years of age (hereinafter, "User" and in plural "Users") who uses the mobile application available at www.belo.app (the "Application") and Gralcey S.A., a company incorporated under the laws of the Oriental Republic of Uruguay, domiciled at Andes 1365, Esc. 308, in the City of Montevideo, Oriental Republic of Uruguay, RUT 218765580018 (hereinafter, "Gralcey" or the "Developer").

These General Terms describe the rights, responsibilities and obligations that will apply to the relationship between the User and the Developer (collectively, the "Parties" and individually a "Party") in connection with the use of the Application and any related product, feature or service offered therein (each individually, the "Service" and, collectively, the "Services", as applicable).

The User must carefully read and understand all the conditions set forth in these General Terms - and other policies, annexes and principles incorporated by reference - prior to using the Application and the Services provided, as their acceptance implies a binding contractual agreement between the Parties.

By electronically accepting the General Terms, the User declares that they have read, understood and fully accept them. Consequently, acceptance by electronic means has full legal validity.

IN ANY CASE, THE USE OF THE APPLICATION AND THE UTILIZATION OF THE SERVICES CONSTITUTES SUFFICIENT PROOF OF ACCEPTANCE BY THE USER OF THESE GENERAL TERMS, THE PRIVACY POLICY AND ALL OTHER DOCUMENTS GOVERNING THE PRODUCTS AND SERVICES OFFERED TO USERS.

WITH RESPECT TO COLOMBIAN USERS, THE ACCEPTANCE OF THESE GENERAL TERMS, THE PRIVACY POLICY AND ALL OTHER DOCUMENTS GOVERNING THE PRODUCTS AND SERVICES OFFERED TO USERS WILL REQUIRE AN EXPRESS AND UNEQUIVOCAL MANIFESTATION OF WILL BY THE USER, EXPRESSED THROUGH THE MECHANISMS ENABLED FOR SUCH PURPOSES IN THE APPLICATION. THE DEVELOPER WILL KEEP EVIDENCE OF SUCH ACCEPTANCE, INCLUDING THE VERSION ACCEPTED AND THE DATE AND TIME AT WHICH IT TOOK PLACE. WITHOUT PREJUDICE TO THE FOREGOING, THE USE OF THE APPLICATION AND THE UTILIZATION OF THE SERVICES SHALL CONSTITUTE ADDITIONAL PROOF OF ACCEPTANCE BY THE USER.

Any person who does not wish to accept these General Terms must refrain from using the Application.

The Developer may periodically update these General Terms and their Annexes, Privacy Policies, particular terms and conditions, the products and Services offered and/or the Application, providing error corrections, new features, suspensions or modifications (the "Updates"). All such Updates shall take effect from the moment of their publication and/or operation provided that: (i) they are communicated to the User by a reasonable means (e.g., within the Application, on the website, or by the email address provided by the User), (ii) they apply prospectively from their effective date, and (iii) they do not imply the unilateral modification or creation of obligations previously acquired by the User (e.g., disbursements) without offering the possibility of not accepting and disengaging. By accepting these General Terms, the User accepts these possible modifications and Updates.

If the User disagrees with an update to the General Terms and their Annexes, particular terms and conditions, or with a material change to the Services, they may request disengagement or closure of their Belo Account by sending an email to [email protected].

The Developer may also request the User to install Updates, who must do so promptly. Failure to install these Updates may expose the User to security risks and/or limit the Developer's ability to provide the Services. Updates shall be subject to these General Terms together with any additional terms and conditions that may be provided with such Update. Use of the Application after the informed effective date of the new General Terms, their Annexes, Privacy Policies, particular terms and conditions and provisions regarding new products, Services or features, shall constitute acceptance of all additional and/or updated terms. The Developer is not responsible for damages caused as a result of security failures originating from failure to install the required Updates.

The Developer may, at any time, modify, temporarily suspend or permanently discontinue the Application, the Services or any of its features, as well as delist a Cryptocurrency or a specific Blockchain network. Temporary suspensions for maintenance, security or technical reasons will be communicated in advance when possible.

By accepting these General Terms, the User expressly consents to communications and notifications related to the use of the Application and the Services provided being made in electronic format, with full legal validity. In any case, the User may make copies, including in physical form, of the documentation and information provided by the Developer relating to these General Terms.

For the purpose of a better understanding of these General Terms, certain terms and expressions are defined below that shall have the meaning assigned in capitalized form.

"User": Any person of legal age who has the legal capacity to contract. Those who lack the legal capacity to contract, or who have been suspended or disabled, may not be Users.

"Belo Account": Unique, personal and non-transferable record associated with the User that will allow them to use the Services within the Application.

"Crypto Assets" or "Cryptocurrencies": Type of digital asset that uses cryptography to secure its transactions, manage its issuance and ensure its ownership. A fundamental characteristic is that they are not issued or controlled by central authorities of any kind, such as a central bank. Therefore, they may be subject to particular rules different from those known in the traditional market and the User must fully understand the associated risks before acquiring Cryptocurrencies, which are set out in the Risk Disclosure section.

"Fiat Currency" or "Fiat Money": Means any national or supranational currency issued by a government or central bank (e.g., dollar, euro, Argentine, Uruguayan or Colombian peso). Crypto Assets, Cryptocurrencies and Stablecoins are not Fiat Currency.

"Services": Generally comprises all the services, functionalities and products offered through the Application.

"Crypto Services": Comprises the Services that specifically involve Crypto Assets, as detailed in these General Terms.

"Stablecoin": Crypto Asset or Cryptocurrency designed to maintain a stable value equivalence, generally in a 1:1 ratio, with respect to a specific Fiat Currency, through the backing of liquid assets held as reserve or collateral. A Stablecoin does not constitute Fiat Currency nor does it grant its holder a direct ownership right over the assets comprising the reserve or collateralization mechanism backing it. By way of example, types of Stablecoins include USDC and USDT, which seek to maintain value equivalence with the US dollar without being it.

"Request": Instruction generated by the User through the use of the "send", "exchange" or "receive" buttons for a certain Crypto Asset or Fiat Currency funds, as permitted in the jurisdictions where the Developer operates.

"External Providers": The Developer may provide the Services through external providers independent of the Developer (e.g., financial institutions, payment service providers, etc.) through corresponding commercial agreements.

In the event that legal entities wish to be users of the Service, the entity's representative must contact [email protected] to be instructed on the steps to follow or visit https://esbiensimple.com/empresas. Unless otherwise indicated in another contractual instrument, these General Terms shall be fully applicable to the relationships between the Developer and those Users that are legal entities and shall be interpreted in the sense that best fits such type of Users.

In order to use the Application, it is mandatory to complete the registration process. To do so, the User must provide all the data and information requested. Additionally, the User must satisfactorily complete the identification, identity verification, authentication and due diligence process established in the Application ("KYC" or "Know Your Customer"), as well as comply with the requirements established by Anti-Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction Prevention regulations ("AML/CFT/PWMD") that may apply.

In the event that the User is created on behalf of a legal entity, the person completing the registration process declares that they are a representative/attorney-in-fact and are authorized to establish the legal relationship on behalf of the entity. In these cases, the required information on ultimate beneficial owners and/or relevant persons must be provided, as applicable.

All information and personal data provided by the User constitutes a sworn statement and the User warrants its truthfulness, accuracy, completeness, currency and authenticity.

The Developer reserves the right to request supporting documents and/or additional information from the User or third parties in order to corroborate the information provided by the User throughout the term of the Services and at any time. For such purposes, the User undertakes to provide the information and documentation requested by the Developer.

The foregoing shall apply equally to Users that are legal entities, as well as their ultimate beneficial owners and/or relevant persons, as applicable.

Likewise, the Developer may reject a registration request, temporarily or permanently block, or close the Belo Account of those Users whose data could not be re-validated or in the event of detecting suspicious activities, contrary to regulations, and these General Terms, without such decision generating any right of compensation or indemnification for the User.

The processing of the User's personal data will be governed by our Privacy Policy and, where applicable, as required by the jurisdiction in which the User is located, by the respective authorization forms.

A successful registration will generate for the User a unique, personal and non-transferable account to access the Services and features offered by the Application (the "Belo Account").

The User acknowledges and accepts that the Developer may establish special conditions applicable to one or more Services, which will be duly communicated to Users through the Application. Additionally, the contracting of products or services offered by third parties outside the Developer may be enabled in the Application, in which cases the Developer will inform Users of such circumstance and will provide the applicable legal terms for such contracts.

In the aforementioned scenario, such products or services offered by third parties shall be governed by their own terms and conditions, privacy policies/notices/formats, which we suggest reviewing carefully before accepting. Therefore, the Developer will not be responsible for the processing that such third parties carry out on Users' personal data, nor for the quality, suitability and security of such services.

The User may access their Belo Account (i) using the email address and personal security password chosen at the time of registration ("Access Password") or (ii) through biometric data securely stored on their own device, provided they have enabled this option in the Application; therefore, the Developer will not have access to such information nor will it process it. The User undertakes to safeguard and maintain the confidentiality of their Access Password at all times, as the User shall be the sole and exclusive responsible party for all operations and Requests made in their Belo Account.

Likewise, the Application may require a double authentication factor in order to verify the User's identity when using the Services.

"Unacceptable Use" means any use of the Application, the Belo Account or the Services that is illegal, contravenes these General Terms, their Annexes or the particular terms and conditions, or that affects the security, integrity or operation of the Application, or the rights of the Developer, other Users, External Providers or third parties. In particular, the following constitutes Unacceptable Use and is prohibited to the User:

(a) transfer, assign or sell the Belo Account to a third party, as well as hold, manage or control more than one Belo Account;

(b) provide false, inaccurate, incomplete, outdated or misleading information;

(c) allow the use of their Access Password by third parties or fail to comply with their duty of custody and confidentiality over it;

(d) infringe the intellectual property rights of the Developer or third parties;

(e) impersonate another person, or access or attempt to access without authorization Belo Accounts, systems or networks of third parties, including the improper obtaining of Access Passwords;

(f) reverse engineer, decompile or disassemble the Application, or conduct unauthorized vulnerability or penetration tests on it or its interfaces;

(g) use trackers, bots or other automated techniques to access the Application or extract data from it;

(h) transmit or upload viruses, trojans, worms or any other harmful programs, or perform actions that impose a burden on the Developer's infrastructure or interfere with its operation;

(i) use the Services in contravention of applicable regulations, including foreign exchange and tax regulations;

(j) carry out Prohibited Transactions, or assist, facilitate or induce a third party to carry them out; and

(k) any other use that is illegal or contrary to these General Terms, their Annexes or the particular terms and conditions.

Any Unacceptable Use will entitle the Developer to immediately suspend, limit or terminate the User's access to the Application and the Services, as well as to block or close the Belo Account pursuant to the closure and blocking section. The foregoing, without prejudice to the User's obligation to hold the Developer harmless, under the terms of the Indemnification section, from third-party claims or investigations arising from such use.

The User undertakes not to use the Application, the Belo Account or the Services to carry out, finance, facilitate or profit from any of the following activities (the "Prohibited Transactions"):

(a) money laundering, terrorist financing, financing of the proliferation of weapons of mass destruction, corruption, transnational bribery or any other punishable conduct;

(b) operations with persons, entities or jurisdictions subject to economic or financial sanctions, or whose funds derive from them;

(c) fraud, scam, identity theft, extortion, blackmail, data kidnapping (ransomware) or distribution of malicious programs;

(d) sexual or labor exploitation, including human trafficking, child or forced labor and child sexual abuse material;

(e) trafficking of weapons, controlled substances or goods whose commercialization is prohibited or requires an authorization that the User does not have;

(f) gambling, betting or lotteries that do not have the authorization required in the jurisdiction in which they are carried out;

(g) mechanisms aimed at concealing the origin, destination or ownership of funds;

(h) pyramid or Ponzi schemes, multi-level marketing and unauthorized mass and habitual collection of money;

(i) market abuse or manipulation, including fictitious or wash trading; and

(j) any other illegal activity, or one that, without being illegal, causes the Developer to fail to comply with applicable regulations.

The User declares that neither they, nor, in the case of a legal entity, their ultimate beneficial owners and/or relevant persons, are linked to Prohibited Transactions, and that the funds and Crypto Assets they use in the Application do not derive from them or are destined for them.

The execution or attempt to execute a Prohibited Transaction will entitle the Developer to reject the corresponding Request and to block or close the Belo Account pursuant to the corresponding section, without prejudice to the reports that must be submitted to the competent authorities.

At any time during the contractual relationship, the Developer may request the User to provide additional information or documentation relating to their identity, that of their ultimate beneficial owners and/or relevant parties, the origin and lawfulness of their funds and Crypto Assets, the purpose of a transaction or its recipient, when necessary to comply with legal, regulatory or contractual obligations, including those related to KYC, internal policies, due diligence, enhanced due diligence, AML/CFT/PWMD prevention, economic or financial sanctions regimes and responding to requirements of competent authorities.

The User undertakes to provide such information and documentation completely, truthfully and in a timely manner, within the period indicated by the Developer. Likewise, the Developer may require the User to re-authenticate or complete additional authentication factors before executing a Request or enabling access to the Belo Account.

The User's refusal, omission or unjustified delay in responding to these requests will entitle the Developer to refrain from executing the relevant Request, suspend access to the Application and block or close the Belo Account, pursuant to the closure and blocking section.

The User may submit queries, requests and complaints related to the Services through the support channels available in the Application and at www.belo.app, as well as to the email address [email protected].

In none of the scenarios described in these General Terms does the Developer provide communications or (tele)communication networks or services. The operation of the Application and the transmission or execution of Requests depend on infrastructure and technological services provided by third parties.

Any interruption, failure, unavailability, latency, service degradation or loss of information arising from such third-party services shall not be attributable to the Developer, who assumes no liability for events originating in infrastructure or technological services beyond its direct control.

The User acknowledges and accepts that the availability and performance of the Application may be affected by such third-party services and that such circumstances do not, in themselves, constitute a breach attributable to the Developer.

The Developer shall not be liable for any damage to the information network, information network failure, hardware or software failure, communication failures or other system failures, power failure, strike, labor dispute, riots, uprising, productivity or lack of means of production, fire, flood, storm, explosion, war (declared or undeclared), governmental action, judicial administration order or omissions of a third party.

For its part, the correct functioning of the Application may depend, in certain functionalities, on access to services provided by External Providers (including, among others, digital distribution platforms, notification services, email service providers, telecommunications network and service providers, or cloud services). Consequently, the Developer shall not be liable for interruptions, delays, failures in the delivery of notifications, access or any other incident arising from failures or outages in the systems of such external providers, beyond the Developer's control.

The User, irrevocably, from the moment of acceptance of the General Terms, releases the Developer from any type of civil, criminal, commercial, administrative or any other type of liability, present or future, known or unknown, initiated against it and its respective shareholders, directors, officers, employees, agents, related companies and External Providers, for any of the risks described in these General Terms and, consequently, irrevocably waives any action that may be taken to claim any type of liability arising from the use of the Crypto Services.

Likewise, in the event of any interruption or temporary impossibility of access or use of the Application due to failures of these third parties, the Developer shall assume no liability for damages, losses or losses arising directly or indirectly from such incidents.

The contractual relationship between the Parties arising from the acceptance of these General Terms is of indefinite duration. Notwithstanding this, either Party may immediately terminate the relationship by giving reliable notice to the other. To do so, the User must send an email to [email protected] and the Developer shall do the same, to the email address provided by the User during their registration process.

In order to exercise this right, it is necessary that the Party seeking termination does not owe the other, or third parties involved in the operations, the fulfillment of any obligation. The closure of the Belo Account at the User's request shall be free of charge to the User. The User's request to close the Belo Account shall not proceed if the User is involved in any internal or external investigation.

In any case, apart from the closure of the respective Belo Account, the Developer will retain the minimum User information necessary to comply with the information retention terms established by applicable regulations, which will also apply in the scenarios described in the following section.

The User accepts and acknowledges that the Developer reserves the right to order the closure or blocking of the Belo Account in the following cases:

(a) in the absence of movements in the Belo Account for a period of 360 (three hundred and sixty) calendar days;

(b) when operations with unacceptable credit risk or risk of fraud, impersonation, money laundering, terrorist financing and proliferation of weapons of mass destruction, commission of crimes, violation of the rights of the Developer and its commercial partners that enable the provision of Services, External Providers, other Users and third parties are recorded;

(c) when it is detected that false, incomplete, inaccurate or misleading information has been provided, or inconsistencies are detected in the information submitted at the time of registration;

(d) when there is suspicion of fraudulent, illegal conduct or conduct outside the User's usual behavioral pattern;

(e) when transactions are carried out outside the User's transactional profile or without justifying the origin and lawfulness of their funds;

(f) when any Unacceptable Use of the Application is recorded;

(g) when there are legal, regulatory, reputational, financial or security risks for the Developer, External Providers, other Users, third parties and its commercial partners that enable the provision of the Services;

(h) upon the User's refusal, omission or unjustified delay in providing information or documentation required by the Developer for compliance with its legal, regulatory or contractual obligations, including, but not limited to, those related to KYC processes, standard due diligence, enhanced due diligence, AML/CFT/PWMD prevention, illegal activities, activities contrary to good customs, activities contrary to public order or requirements of competent authorities, as applicable;

(i) when there is a need to comply with a legal obligation or a requirement from a competent authority;

(j) in technical or security situations that reasonably justify the adoption of the measure;

(k) when the User resides in a Restricted Jurisdiction or carries out Prohibited Transactions; and

(l) when the User contravenes these General Terms, their Annexes and the particular terms and conditions governing the provision of a specific Service.

If any of the foregoing causes occurs, the Developer reserves the right to close or block the User's Belo Account at any time, immediately and without justification of cause.

Upon closure of the Belo Account, a new User may not be created with the same credentials in the Application. In any case, those Users whose Belo Account has been closed due to breaches of regulations, these General Terms, their Annexes and the particular terms and conditions governing the provision of a specific Service may not re-register in the Application.

From the moment the closure of the Belo Account is notified, the User may not submit new Requests or receive new funds. Notwithstanding the foregoing, Requests that were duly authorized by the User prior to such notification shall continue to be executed, unless there are legal, regulatory or security reasons justifying the blocking of the Belo Account.

As a general rule, when there are no legal, regulatory or security impediments to releasing balances, the User will have a period of fifteen (15) calendar days, counted from the date on which the Developer notifies them that such balances are available for withdrawal, to withdraw them from the Application. The rates in force at the time of execution shall apply to such transactions.

If, once the period has expired, the User has not withdrawn all of their balance, the Developer may proceed to liquidate it, in accordance with the rates and conditions in force on the date of expiration of the period.

To facilitate the transfer of remaining balances, the Developer may at any time request the User to register or link a backup bank account. Unless there is an express instruction from the User to the contrary or a legal, regulatory or security impediment, the Developer will transfer to said account the resources resulting from the liquidation. It shall be the exclusive responsibility of the User to keep the registered bank account information updated and enabled.

Once the withdrawal or transfer of all balances has been made, the Belo Account will have no balance and its status will change to "Closed".

When the cause of closure is related to suspicious operations, fraud, impersonation, criminal conduct or events subject to AML/CFT/PWMD prevention regulations, or when there is any other legal, regulatory or security impediment to releasing balances, the foregoing period shall not apply and the Belo Account may remain blocked. In these cases, balances may not be withdrawn, used, sold, converted or transferred, and the Belo Account shall not be enabled to receive new funds, until the corresponding impediment disappears or an order or instruction from the competent authority regarding their disposition is received.

Upon closure of the Belo Account, the Developer shall not be liable for transactions that the User or third parties attempt to carry out on it, nor for funds that they attempt to send to such account after its closure. Therefore, the User waives any action or liability claim arising from the impossibility of executing transactions or receiving funds as a consequence of the duly effected closure of the Belo Account.

Information corresponding to the history of transactions carried out through the Belo Account will be retained during the term of the Application and for the document retention periods established in applicable regulations.

Once the Belo Account has been closed, without the need for additional requirements and without entitlement to any compensation in favor of the User, the relationship between the Developer and the User shall be deemed terminated, without any remaining obligation for the Developer to continue providing the Services.

The use of some of the Services by the User may require the payment of commissions, charges or taxes provided by applicable legislation. All present or future taxes and levies that may be applicable shall be borne by the User. The Developer shall not be responsible for the failure of Users to comply with their tax obligations. The costs associated with the Services will be disclosed in the Application and/or at www.belo.app.

The Developer and/or its related companies own all intellectual property rights over the Application, its content, services, products, trademarks, trade names, logos, designs, images, advertising phrases, copyrights, domains, computer programs, codes, developments, software, databases, information, technology, patents and utility models, industrial designs and models, trade secrets, among others ("Intellectual Property") and are protected by national and international laws.

The User's use of the Services or products offered in the Application does not imply authorization to use the Intellectual Property.

Its improper use, without authorization and/or contrary to current regulations and/or that generates confusion or implies disparaging use and/or that causes harm, damage or losses to the Developer and/or its related companies and/or third parties, is prohibited. Likewise, it is expressly prohibited to reverse engineer, decompile, disassemble, or employ any method intended to obtain, extract or reconstruct the source code or technological components of the Services, as well as to remove, alter or hide Intellectual Property notices or protection measures.

The User will hold the Developer and its related companies, as well as those who lead, succeed, manage, represent and/or work in them, harmless from any administrative or judicial claim filed by the User, third parties or any organization, related to their activities in the Application or its use.

By virtue of this indemnification, the User acknowledges, accepts and authorizes the Developer to generate compensations, withholdings or other necessary measures in the User's Belo Account for the repair of losses, damages and prejudices, of whatever nature, when the Developer so determines.

Persons who are residents of any jurisdiction in which (i) the Developer is not authorized to provide the Services, (ii) where the use of the Services is illegal or violates any applicable law of such jurisdiction ("Restricted Jurisdiction"), may not register as Users.

You can consult the list of Restricted Jurisdictions at: List of Restricted Jurisdictions and high-risk countries.

The User declares that they are not a resident of a Restricted Jurisdiction. If a legal entity, this declaration extends to its ultimate beneficial owners and relevant persons. The Developer may cancel the Belo Account registered in contravention of the foregoing.

These General Terms, their Annexes and the particular terms and conditions are binding upon and inure to the benefit of the Parties and their respective successors and assigns. The User may not assign or transfer, in whole or in part, directly or indirectly, their rights or obligations, their contractual position, or the Belo Account, without the prior written consent of the Developer.

The Developer may assign its rights, obligations and contractual position to any of its affiliated companies or to a third party that assumes the provision of the Services, informing the User in advance through the channels set forth in these General Terms. Likewise, the Developer may subcontract the execution of the Services in whole or in part, without this releasing it from its obligations to the User.

In the event of the User's death, those who prove the status of heirs or successors may request the delivery of Crypto Assets and balances registered in the Belo Account by sending an email to [email protected]. The Developer will inform the required documentation and will carry out the corresponding validation and due diligence process. Once legitimacy is verified, the Developer will transfer the Crypto Assets pursuant to the instructions given by those legitimized or, when their transfer is not possible, will proceed to their liquidation and delivery of the proceeds, in both cases subject to applicable regulations and decisions of the competent authority. In such events, the User hereby authorizes the Developer to access their Belo Account and dispose of the Crypto Assets registered therein.

If any provision of these General Terms, their Annexes or the particular terms and conditions is declared invalid, null, ineffective, unenforceable or inapplicable by a competent judicial or administrative authority, the other provisions shall retain full force and effect and shall not be affected by such declaration, provided that the economic and legal essence of the relationship between the Parties is not substantially affected to the detriment of either of them.

In such case, the Parties will negotiate in good faith the replacement or modification of the affected provision, in such a way as to approximate as closely as possible the originally intended purpose and for the relationship to continue to be executed as envisioned.

The abstention or delay of either Party in exercising a right, power, prerogative or remedy arising from these General Terms, their Annexes or the particular terms and conditions shall not constitute a waiver thereof, nor shall individual or partial exercise thereof prevent its subsequent exercise or that of any other right, power, prerogative or remedy.

Any waiver must be in writing and shall be understood to be limited to the breach expressly identified in it, without extending to prior or subsequent breaches, whether of a similar or different nature.

The provisions of these General Terms, their Annexes and the particular terms and conditions that, by their nature, are intended to extend beyond the termination or expiration of the relationship between the Parties — including, among others, those relating to limitation of liability, indemnification, intellectual property, processing of personal data, retention of information and applicable law and jurisdiction — shall survive such termination or expiration.

The Developer establishes its special domicile at Andes 1365, office 308, in the City of Montevideo, Oriental Republic of Uruguay. The electronic domicile established by the User for the purpose of using the Services is the email address registered in the Application.

The Parties accept that all electronic notifications sent through the Application and/or to the email address provided by the User shall be valid and binding, including, but not limited to, notices, reminders or communications related to the Services.

These General Terms, their Annexes or the terms and conditions shall be interpreted and governed by the laws of the Oriental Republic of Uruguay. In the event of any difference, disagreement or conflict, interpretation, validity and/or scope of these General Terms and/or particular terms and annexes, the User undertakes to initiate their claim exclusively through the means provided in the communication channels set up by the Developer that streamline communication between the Parties and are an effective means of conflict resolution.

These General Terms and their Annex are effective from September 2, 2026 and apply to all Services provided from the date of their publication in the Application and at www.belo.app.

Updates adopted by the Developer in accordance with the Updates and Modifications section shall apply only to Services provided from their respective effective date. The Developer will retain previous versions of these General Terms and their Annexes, indicating their respective effective period, and will make them available to the User upon request.

Subject to compliance with the provisions of these General Terms, the User may, through instructions given to the Developer, use the "Crypto Services" to: (a) carry out purchases and sales of Cryptocurrencies; (b) hold balances in Cryptocurrencies; (c) make outgoing Cryptocurrency transfers; (d) receive Cryptocurrencies into their Belo Account; (e) exchange Cryptocurrencies and (i) obtain rewards.

The offering of virtual assets for Argentine Users is provided by Belo Argentina S.A., domiciled at Tucumán 1, floor 3, (C1049AAA), Autonomous City of Buenos Aires, Argentina, registered under No. 52 as of July 19, 2024, in the Registry of Virtual Asset Service Providers (VASP) of the National Securities Commission (CNV). This registration is for the purpose of oversight as an Obligated Entity before the Financial Intelligence Unit (UIF) and any other regulatory body authorized for such purposes within its competencies, and does not imply a license or supervision by the NATIONAL SECURITIES COMMISSION over the activity carried out by the VASP.

When these General Terms refer to the Developer for crypto services, it shall be understood that such provisions apply respectively to Belo Argentina S.A. in relation to Argentine Users.

Before using the Crypto Services, it is important that Users read and understand the following information about the risks of carrying out operations on Crypto Assets, Cryptocurrencies and Stablecoins (e.g., USDC and USDT).

The Developer does not provide financial, investment, accounting, tax or legal advice, nor does it recommend the execution of specific transactions through the Crypto Services. The enabling of a Crypto Asset, Cryptocurrency or Stablecoin in the Application does not imply approval, endorsement or recommendation by the Developer regarding such asset or its underlying technology, nor does it substitute the User's own evaluation of the specific risks of each asset.

Any analysis, commentary, report or commercial communication about increases or decreases in the price of Crypto Assets, Cryptocurrencies or Stablecoins shall be for purely informational purposes and shall not constitute advice, investment recommendation, or guarantee of profitability.

Any decision to use the Crypto Services or carry out transactions shall be made exclusively by the User, who assumes responsibility for evaluating their risks and acknowledges that they do not rely on the Developer's communications to make such decisions.

Users, by the mere fact of accepting these General Terms, acknowledge and accept that transactions with Crypto Assets are subject to a series of particular risks, including, without limitation:

(a) risks inherent to the jurisdiction in which the User resides, as well as those of the jurisdiction in which the purchase, sale or transfer of Crypto Assets is carried out,

(b) computer, technical or technological risks arising from the functionality, characteristics, use and other technical properties of Crypto Assets, as well as the underlying technology thereof and any other risk that may impact the operation;

(c) risks from implementation or changes in regulatory and/or legal matters affecting those who hold Crypto Assets or risks inherent to the lack of regulatory backing or oversight by any governmental bodies;

(d) the risks inherent to technology and the use of digital platforms, since despite the development and high investment in information security made by the Developer there are risks such as phishing, identity impersonation or cyberattacks (hacking) that could generate losses, changes or theft of Crypto Assets;

(e) economic, financial and volatility risks in the value of Crypto Assets, since they are not considered Fiat Currency and their value is not backed by any government or financial institution;

(f) technological, cybernetic and fraud risks inherent in the purchase, sale and exchange of Crypto Assets;

(g) liquidity and market risks arising from factors beyond the Developer's control, such as regulatory activity or unexplained price fluctuations, which may affect the liquidity of the market for a given Crypto Asset;

(h) risks of interruption or disconnection of Blockchain networks through which Crypto Asset transactions flow, which may cease operating as a result of errors, forks or other unforeseeable reasons;

(i) volatility risk and that each Crypto Asset may have its own characteristics that make it more or less prone to fluctuating in value, including dropping to zero;

(j) risks arising from the sending or receiving of Crypto Assets from or to external wallet addresses, insofar as such transactions may not be reversible.

The User acknowledges and accepts that, once the execution of a Request is confirmed, the transaction cannot be cancelled, reversed, stopped or suspended by the Developer or through the Application. Consequently, losses arising from erroneous, accidental or fraudulent transactions may be unrecoverable. The User is the sole responsible party for the instructions they issue regarding their Crypto Assets.

The enabling or listing of a Crypto Asset in the Application does not imply approval or disapproval by the Developer of its underlying technology, nor does it substitute the User's own understanding of the specific risks of each Crypto Asset.

The User accepts, acknowledges and assumes that — in addition to those mentioned above — there may be additional risks not expressly provided for in these General Terms and releases the Developer, its shareholders, directors, employees, representatives and/or attorneys-in-fact from any type of liability for damages or losses suffered as a direct consequence of the Requests made for the Crypto Services.

As a condition for the use of the Crypto Services, the User represents, declares and warrants the following:

(a) that they fully and completely know the nature, legal framework (or lack thereof) and volatility of the value of Cryptocurrencies and that they assume the full risk of carrying out transactions on such assets;

(b) that they know and accept that neither the Developer nor the Application provides financial advice and/or recommendations or advice regarding the opportunity or convenience of transacting through the Application with Crypto Assets;

(c) that they are not prevented or restricted from carrying out any of the transactions for which they submit Crypto Services Requests and that such transactions do not constitute a violation of the tax, regulatory, legal or any restriction or regulation applicable to the User in the applicable jurisdiction;

(d) that the Application may require additional information and/or documentation from the User, in which case they undertake to provide it immediately, authorizing such information and/or documentation to be shared with External Providers in order to execute the Requests instructed through the Application;

(e) that the digital assets or funds used in the Application were obtained lawfully and are intended for lawful acts;

(f) that transactions carried out through the Application may be purely electronically documented — dispensing with written records — and therefore the User must take this aspect into account when hiring third parties to carry out or formalize transactions within the Application. Therefore, all records — including Transaction Records — will be available for download in the User's portfolio in the Application. These should not be considered as valid and enforceable, but rather as records for each User's reference;

(g) that the User acknowledges that neither the Developer, nor External Providers, nor third parties authorized to provide additional services to those listed in the Application, shall be responsible for the time elapsed between the submission of the instruction to acquire or sell Crypto Assets and the actual transfer of these into the User's Belo Account;

(h) that Users assume total and exclusive risk of operating with Cryptocurrencies and release the Developer from any liability or loss arising from or related to such operations; and

(i) that they acknowledge and accept all consequences of sending or receiving Crypto Assets from or to an external wallet address, understanding that such transactions may not be reversible and that, once executed, they assume the risk of losing access to their Crypto Assets indefinitely, including when: (1) an external wallet address has been incorrectly entered and its true holder cannot be identified; (2) the external wallet address belongs to a third party who does not return the Crypto Assets, or who conditions their return on demands made to the User, such as identity verification; (3) they attempted to receive Crypto Assets not supported by the Application; or (4) they sent Crypto Assets to an external wallet address incompatible with the Blockchain network or the corresponding Crypto Asset.

Consequently, the User accepts and declares that: (a) they will refrain from claiming for any fluctuation in the price of Cryptocurrencies; and (b) they exempt the Developer from any type of liability for any damages, losses or decreases in value, direct or indirect, present or future, related to Cryptocurrencies or Crypto Services, whatever the cause.

In order to use the Crypto Service, the User may (i) transfer to their Belo Account any of the Cryptocurrencies listed in the Application and/or (ii) funds in legal tender currency in jurisdictions where such service is enabled.

There may be a minimum or maximum balance load in the Application; in such case, Users will be timely informed in the Application or at www.belo.app.

By using the "send", "receive" and "exchange" buttons of the Application, the User is understood to generate a Request, constituting an irrevocable mandate and instruction for the Developer to buy or sell Cryptocurrency on behalf and for the account of the User. Each Request must indicate, among other data, the quantity and type of Cryptocurrencies to buy or sell (according to the options available in the Application), the amount and price to be paid or received by the User for such transaction (according to the quotes displayed in the Application).

Once the execution of a Request has been confirmed on the corresponding Blockchain network, the transaction cannot be cancelled, reversed, stopped or suspended by the Developer or through the Application. Consequently, the User acknowledges that losses arising from erroneous, accidental or fraudulent transactions may be unrecoverable.

All Cryptocurrency quotes displayed in the Application will be valid for the period the User has to accept the purchase or sale transaction. Such quotes have a duration of 30 seconds. After said time, quotes for transactions that were not executed or accepted may change.

Cryptocurrencies acquired through the Crypto Services will be displayed in the User's Belo Account. If the User wishes to sell Cryptocurrencies through the Application, they must submit a Request to that effect and, once the sale has been carried out on their behalf and for their account, the proceeds, after corresponding deductions, will be credited to the Belo Account or the bank account indicated by the User, as applicable, in accordance with the restrictions specific to each jurisdiction in which the Developer operates.

Such transfers are subject to: (a) the availability and existence of Cryptocurrency balance in favor of the User in their Belo Account; and (b) the submission of the corresponding Request, which must contain the amounts of Cryptocurrency to transfer and the data required therein.

The User may consult through the Application their Cryptocurrency balances and movements, as well as their respective receipts.

The Developer is not responsible for delays or inconveniences in the crediting of Cryptocurrencies, as these may be caused by external events or as a consequence of the actions of external providers outside the Developer. Notwithstanding this, the Developer will make commercially reasonable efforts to ensure that Requests are executed as soon as possible.

The User understands and accepts that the Developer shall not be liable if the Request transaction cannot be processed or executed due to reasons beyond the Developer's control.

The User shall be solely responsible for the data entered in the Request and therefore the Developer is not liable for damages that this may cause, such as if the User provided an incorrect wallet address or bank account number, as the case may be, for the withdrawal of funds, and this resulted in the loss of the Cryptocurrencies.

The Developer is not responsible for the loss or theft of Cryptocurrencies and will not pay compensation for their loss.

The Developer reserves the right not to accept or reject Requests that come from illegal, fraudulent accounts, reported as suspicious or whose origin is associated with money laundering, terrorist financing and proliferation of weapons of mass destruction. The Developer may proceed to close the Belo Account in the event of detecting suspicious operations, even if the User claims that these were not submitted by themselves.

The User acknowledges and accepts that the purchase, sale or exchange of Cryptocurrencies in the Application may involve costs and commissions arising from the network or services provided by third parties involved in the transfers. Such costs and commissions may be consulted prior to each transaction in the Application.

Deposit fees are covered by the User who sends the Cryptocurrencies.

The Developer provides the User with a custody and conservation service — which may be provided by a third party — for the Cryptocurrencies available in the User's Belo Account.

The User understands and accepts that in the event of a judicial or administrative requirement, the Developer may immobilize and/or transfer to third parties the Cryptocurrencies in the User's Belo Account that are subject to custody services. If this occurs, the Developer will not accept any new Request from the User and will dispose of the Cryptocurrencies in the manner determined in the corresponding judicial or administrative order. The Developer will send the content of the judicial or administrative order to the User so that they may carry out the relevant proceedings before such authorities, unless there is any obligation of confidentiality of such information on the part of the Developer.

Users may obtain rewards from the Cryptocurrencies held in their Belo Account, the generation conditions of which will be published visibly in the Application. This could generate variable rewards for the User that will be reflected in the Belo Account.

It is noted that the rewards generated will be calculated and credited only in favor of those Users who keep their accounts active and in full compliance with these General Terms.

No rewards will accrue for accounts that are suspended, blocked or under review, nor for those that, for any reason and at the Developer's sole discretion, do not meet the established operational or use conditions.

The Developer reserves the right to determine, in a reasonable and unilateral manner, the temporary or permanent suspension or exclusion from the calculation and/or crediting of rewards in the cases mentioned.

The Blockchain networks compatible with the Application will be those available on the same platform. The User must always consult the Blockchain networks available in the Application before carrying out any transaction, as these may vary from time to time without prior notice.

The User must submit Requests taking into account the compatible Blockchain networks and the Cryptocurrencies/tokens listed in the Application, so that the funds subject to the send/receive are received/sent and reach their destination correctly. The risk of not doing so implies that such funds subject to the send may be lost and it may not be possible to recover them. If an incompatible Blockchain network is used, the User risks losing their Cryptocurrencies and commissions charged by that network (not the Application) for such failed operation may also be applied.

The Developer does not own or control any of the underlying programs through which Blockchain/blockchain networks are formed and Cryptocurrencies are created and traded. In general, the underlying software for blockchain/Blockchain networks tends to be open source, so anyone can use, copy, modify and distribute it. By using the Application, the User understands and acknowledges that the Developer is not responsible for the operation of the underlying software and Blockchain networks that support Cryptocurrencies and that the Developer does not guarantee the functionality, security or availability of such software and networks.

The Application offers the service of automating Cryptocurrency purchases through the "recurring purchases" option. Once Users enable this feature, they must select the Fiat Currency (only for Argentine Users) or Cryptocurrency they wish to use and the Cryptocurrency they wish to acquire. Then they must configure the recurring purchase frequency among "daily", "weekly" and "monthly". According to the chosen frequency, the recurring purchase will be executed at the same time as the first purchase was made.

The User must have balance in their Belo Account for the recurring purchase to be made. If they do not have sufficient balance, the recurring purchase will not be executed and the feature will be paused until funds are credited to the Belo Account.

The User may pause, edit or suspend recurring purchase requests at any time from the Application.

In the event that the Developer initiates a dissolution or liquidation process, voluntary or judicial, or resolves the permanent cessation of Crypto Services, it will inform the User of such circumstance through communication to the email address registered in the Application and a visible notice in the Application, with no less than thirty (30) calendar days' prior notice to the date on which the company enters a state of dissolution or the Crypto Services cease, as applicable. The communication will indicate the deadline for the User to sell, withdraw or transfer their Crypto Assets and balances, as well as the means enabled to do so.

During said period, the User may submit the necessary Requests to sell, withdraw or transfer their Crypto Assets and balances, at the prices and rates in force at the time of their execution.

If, upon expiration of the informed deadline, the User has not sold, withdrawn or transferred their Crypto Assets and balances, the following rules shall apply:

(a) the Developer will liquidate the remaining Crypto Assets to Fiat Currency, in accordance with the prices and rates in force on the date on which the company enters a state of dissolution or the Crypto Services cease, as applicable;

(b) the Developer will transfer the proceeds from the liquidation of Crypto Assets to the User's registered backup bank account or, failing that, pursuant to the instructions they provide or the order of the competent authority, as applicable;

(c) Crypto Assets held pursuant to the foregoing paragraph will not generate interest or any compensation in favor of the User while they remain in the Developer's possession until the proceeds from their liquidation are transferred to the User; and

(d) the User hereby grants the Developer a Request to execute the liquidation provided for in paragraph (a) in the event of such occurrence and an order to transfer the proceeds from the liquidation of Crypto Assets, subject to corresponding withholdings, to the bank account previously indicated by the User.

Therefore, it shall be the exclusive responsibility of the User to keep the backup bank account information registered in the Application, as well as the registered email address, updated and enabled, for the purposes of receiving the communication and funds provided for in this section.

The provisions of this section shall not apply to blocked Belo Accounts, nor to Crypto Assets or balances on which there is a legal, regulatory or security impediment to their release, nor to those subject to an order or instruction from a competent authority, which shall be governed by the provisions of the competent authorities.

This annex forms an integral part of the Developer's General Terms and applies exclusively to the relationship between Users who are located in the territory of the Republic of Colombia at the time of accessing or using the Application, regardless of their nationality, domicile or place of residence.

In the event of a contradiction between the provisions of the General Terms and this Annex, the provisions of the latter shall prevail with respect to Colombian Users. Regarding any aspect not regulated in this Annex, the General Terms shall apply.

For the purpose of a better understanding of this Annex, certain terms and expressions are defined below that shall have the meaning assigned in capitalized form. Capitalized terms not defined in this Annex shall have the meaning assigned to them in the General Terms:

"Colombian User": Any person of legal age with full legal capacity to contract who uses the Services enabled by the Developer, without such persons holding the status of consumers under applicable regulations.

"Request": instruction generated by the User through the use of the "send", "exchange" or "receive" buttons, with respect to a certain Crypto Asset. Regarding the Services provided in the Republic of Colombia, the Developer will not manage or collect Fiat Currency from Colombian Users, as that is an activity restricted to entities authorized by the Superintendencia Financiera de Colombia.

By using the Services provided by the Developer, the Colombian User declares, freely, expressly and unequivocally, that their registration and all transactions carried out through the Application and their Belo Account respond to an economic purpose associated with activities of purchase, sale, exchange and/or asset management with Cryptocurrencies, Crypto Assets and/or Stablecoins (e.g., USDC and USDT), including, among others, value preservation, liquidity management and the carrying out of subsequent exchange or conversion operations. Consequently, the Colombian User declares that they do not use the Services for consumption purposes aimed at the satisfaction of private, family or domestic needs, but rather within the framework of economic decisions linked to their asset management activity.

The Colombian User acknowledges and accepts that the operations available in the Application are carried out with respect to Cryptocurrencies and not with respect to Fiat Currency or foreign exchange. By way of example, operations are not carried out in Colombian pesos or US dollars.

In line with the foregoing, the Colombian User declares to understand and accept that, for the purposes of the Colombian consumer protection regime and, in particular, article 5 of Law 1480 of 2011, their registration with the Developer and the operations they carry out through the Application and the Belo Account are not executed as a 'final recipient' and are not aimed at satisfying needs unrelated to an economic activity, but rather correspond to acts of asset management. Therefore, the Colombian User is aware that they do not act in their capacity as a consumer under the terms of the referenced law, without prejudice to the ordinary contractual and jurisdictional mechanisms applicable in the event of a dispute.

If the Colombian User is not able to make this declaration, or if they use or intend to use the Services for consumption purposes aimed at the satisfaction of private, family or domestic needs, they must refrain from using the Application and/or any of the Services.

In addition to the provisions of the General Terms regarding Registration and Identity Verification, the processing of personal data of Colombian Users will be governed by the Colombia Annex included in our Privacy Policy.

In addition to the provisions of these General Terms regarding the closure and blocking of the Belo Account, including the grounds giving rise to such measures, the following rules shall apply for their execution:

Ordinary procedure: As a general rule, prior to the closure or blocking of the Belo Account, the Developer will send prior written notice to the email address registered in the Application by the Colombian User, indicating the factual and legal basis supporting the projected measure.

The Colombian User will have a period of five (5) business days, counted from the day after the notice is sent, to exercise their right of defense and provide any information they deem relevant.

Once the information provided has been analyzed, the Developer will make a substantive decision with its respective measure (closure or blocking of the Belo Account, or case dismissal) that will be adopted immediately and notified to the email address registered in the Application within ten (10) business days, counted from the day after receipt of the Colombian User's response.

If the Colombian User does not respond within the granted period, the Developer may adopt the measure based exclusively on the factual and legal basis indicated in the prior notice.

Exceptional immediate measures: Exceptionally, when reasonably necessary to avoid harm to the Developer, the Colombian User, External Providers, other Users or third parties, or when the measure is essential to comply with regulatory, legal or security obligations, the Developer may immediately proceed with the closure or blocking of the Belo Account.

In such case, the Developer will send the corresponding written notice after the implementation of the measure, so that the Colombian User may exercise their right of defense within five (5) business days following, counted from the day after it is sent.

Once said period has elapsed, the Developer will adopt a substantive decision and its respective measure (maintaining the closure or blocking of the Belo Account or lifting the applied measure) that will be implemented immediately and notified to the email address registered in the Application within ten (10) business days, counted from the day after receipt of the Colombian User's response. If the Colombian User does not respond within the indicated period, the Developer may adopt the measure based on the factual and legal basis contained in the notice.

Notwithstanding the foregoing, when the immediate measure is adopted in compliance with legal or regulatory obligations regarding AML/CFT/PWMD prevention, economic or financial sanctions regimes, regulatory reports, analysis of unusual or suspicious transactions, requirements of competent authorities or any other internal compliance process subject to confidentiality duties or information disclosure prohibitions, the Developer may refrain fully or partially from informing the Colombian User of the specific reasons and grounds, the detailed factual basis or the existence of analyses, reports or communications that gave rise to the measure, insofar as applicable regulations so require or permit.

In these events, the Colombian User acknowledges and accepts that the transfer, defense and reconsideration appeal terms shall not apply, and the adopted measure may be maintained permanently from its implementation, without this constituting a violation of the right of defense or generating any liability for the Developer, provided that the action is based on a current legal or regulatory obligation.

Reconsideration appeal: In either of the two scenarios above, the Colombian User may request the Developer to reconsider the substantive decision that supported the measure taken within five (5) business days following, counted from the day after the initial decision is sent.

The Developer will have a period of five (5) business days, counted from the business day following receipt of the reconsideration brief, to analyze and confirm or modify the measure adopted.

While the Developer resolves the reconsideration request, the adopted measure will remain in force and fully applicable, without the submission of such request suspending its effects.

Effects of the Belo Account closure measure: From the moment the closure of the Belo Account is notified, the Colombian User may not submit new Requests or receive new funds. Notwithstanding the foregoing, Requests that were duly authorized by the Colombian User prior to such notification shall continue to be executed, unless there are legal, regulatory or security reasons justifying restricting the release of balances.

When there are no legal, regulatory or security impediments to releasing balances, the Colombian User will have a period of fifteen (15) calendar days, counted from the date on which the Developer notifies them that such balances are available for withdrawal, to submit exclusively the Requests necessary to withdraw the remaining balance from the Belo Account. The rates in force at the time of execution shall apply to such transactions.

If, after the fifteen (15) calendar day period has expired, the Colombian User has not withdrawn all of their balance, the Developer may proceed to liquidate it, in accordance with the rates and conditions in force on the date of expiration of the period. To facilitate the transfer of remaining balances, the Developer may at any time request the Colombian User to register or link a backup bank account in their name or Bre-B Key and, unless there is an express instruction from the Colombian User to the contrary or a legal, regulatory or security impediment, will transfer to said account or key the resources resulting from the liquidation. It shall be the exclusive responsibility of the Colombian User to keep the bank account or Bre-B Key information registered updated and enabled.

Once the withdrawal or transfer of all balances has been made, the Belo Account will have no balance and its status will change to "Closed".

Upon closure of the Belo Account, the Developer shall not be liable for transactions that the Colombian User or third parties attempt to carry out on it, nor for funds that they attempt to send to such account after its closure. Therefore, the Colombian User waives any action or liability claim arising from the impossibility of executing transactions or receiving funds as a consequence of the duly effected closure of the Belo Account.

Once the Belo Account has been closed, without the need for additional requirements and without entitlement to any compensation in favor of the Colombian User, the relationship between the Developer and the Colombian User shall be deemed terminated, without any remaining obligation for the Developer to provide the Services.

Effects of the Belo Account blocking measure: When the cause is related to suspicious operations, fraud, impersonation, criminal conduct or events subject to AML/CFT/PWMD prevention regulations, or when there is any other legal or regulatory impediment to releasing balances, the Belo Account may remain blocked. In these cases, balances may not be withdrawn or used, and the Belo Account shall not be enabled to receive new balances until the corresponding impediment disappears or an order or instruction from the competent authority regarding their disposition is received.

Understanding and acceptance of the procedure: The Colombian User expressly acknowledges, declares and accepts that the procedure set forth in this section has been communicated to them in advance, clearly and sufficiently, that they understand its scope, stages, terms and effects, and that they accept it in its entirety. Consequently, the Colombian User waives any claim of lack of knowledge thereof or violation of guarantees other than those expressly provided for in this section.

The foregoing is without prejudice to the right of the Colombian User to go to the competent judicial or administrative authorities at any time for the defense of their rights, in accordance with applicable law, without the provisions of this section implying any limitation or restriction on access to the administration of justice.

Information corresponding to the history of transactions carried out through the Belo Account will be retained during the term of the Application and for the document retention periods established in applicable regulations.

The Developer establishes its special domicile at Andes 1365, office 308, in the City of Montevideo, Oriental Republic of Uruguay. The electronic domicile established by the Colombian User for the purpose of using the Services is the email address registered in the Application. Additionally, for Colombian Users, the Developer will make [email protected] available as an additional easy-access contact and notification channel.

The Parties accept that all electronic notifications sent through the Application and/or to the email address provided by the User shall be valid and binding, including, but not limited to, notices, reminders or communications related to the Services.

Through the Application, the Colombian User acknowledges that they may, through instructions given to the Developer, use the "Crypto Services" to: (a) carry out purchases and sales of Cryptocurrencies; (b) hold balances in Cryptocurrencies; (c) make outgoing Cryptocurrency transfers; (d) receive Cryptocurrencies into their Belo Account; and (e) exchange Cryptocurrencies. The Cryptocurrencies with respect to which the Crypto Services apply are those displayed in the Application, including, but not limited to, USDT, USDC, BTC and ETH, which may change from time to time.

Regarding the nature of Crypto Assets, the Colombian User acknowledges that these are not recognized as Fiat Currency/legal tender and has been informed that, in accordance with repeated pronouncements by competent authorities in the Republic of Colombia, Crypto Assets do not constitute money, cash, securities or regulated financial assets. Consequently, transactions executed through the Application correspond to operations on intangible goods/assets and may involve financial risks, including the possibility of value fluctuations, operational variations and other contingencies associated with this type of assets and their technological infrastructure as set out in the Risk Disclosure section.

Therefore, when transacting in the Application, the Colombian User accepts and acknowledges that the Developer, within the framework of the Crypto Services, (i) does not provide or offer financial services, nor carry out activities typical of entities that require authorization to operate in Colombia; (ii) does not carry out activities of collecting money from the public pursuant to Colombian regulations; and (iii) is not an entity supervised by the Superintendencia Financiera de Colombia.

In order to use the Crypto Services, the Colombian User may (i) transfer to their Belo Account any of the Cryptocurrencies listed in the Application and/or (ii) purchase a specific amount of Cryptocurrencies from the Developer.

There may be a minimum or maximum balance load in the Application; in such case, Users will be timely informed in the Application or at www.belo.app.

By using the "send", "receive" and "exchange" buttons of the Application, the Colombian User is understood to generate a Request, constituting an irrevocable offer directed to the Developer to buy or sell Cryptocurrencies on its own account, third-party account, directly or indirectly, applying a spread or commission, as applicable, situations that will be disclosed to the Colombian User in the Application in a timely manner before the relevant Request concludes. Each Request must indicate, among other data, the quantity and type of Cryptocurrencies to buy or sell (according to the options available in the Application), the amount and price to be paid or received by the Colombian User for such transaction (according to the quotes displayed in the Application).

Once the execution of a Request has been confirmed on the corresponding Blockchain network, the transaction cannot be cancelled, reversed, stopped or suspended by the Developer or through the Application. Consequently, the User acknowledges that losses arising from erroneous, accidental or fraudulent transactions may be unrecoverable.

All Cryptocurrency quotes displayed in the Application will be valid for the period the Colombian User has to accept the purchase or sale transaction. Such quotes have a duration of 30 seconds. After said time, quotes for transactions that were not executed or accepted may change.

Cryptocurrencies acquired through the Crypto Services will be displayed in the Colombian User's Belo Account. If the Colombian User wishes to sell Cryptocurrencies through the Application, they must submit a Request to that effect and, once the sale has been carried out, the proceeds, after corresponding deductions, will be credited to the bank account or Bre-B Key indicated by the Colombian User.

Such transfers are subject to: (a) the availability and existence of Cryptocurrency balance in favor of the Colombian User in their Belo Account; and (b) the submission of the corresponding Request, which must contain the amounts of Cryptocurrency to transfer and the data required therein.

The User may consult through the Application their Cryptocurrency balances and movements, as well as their respective receipts.

The Developer is not responsible for delays or inconveniences in the crediting of Cryptocurrencies, as these may be caused by external events or as a consequence of the actions of external providers outside the Developer. Notwithstanding this, the Developer will make commercially reasonable efforts to ensure that Requests are executed as soon as possible.

The Colombian User understands and accepts that the Developer shall not be liable if the Request transaction cannot be processed or executed due to reasons beyond the Developer's control.

The Colombian User shall be solely responsible for the data entered in the Request, and therefore the Developer is not liable for damages that this may cause, such as if the Colombian User provided an incorrect wallet address or Bre-B Key, as the case may be, for the withdrawal of funds, and this resulted in the loss of the Cryptocurrencies.

The Developer is not responsible for the loss or theft of Cryptocurrencies and will not pay compensation for their loss.

The Developer reserves the right not to accept or reject Requests that come from illegal, fraudulent accounts, reported as suspicious or whose origin is associated with money laundering, terrorist financing and proliferation of weapons of mass destruction. The Developer may proceed to close the Belo Account in the event of detecting suspicious operations, even if the Colombian User claims that these were not submitted by themselves.

The possibility of transferring the proceeds from the sale of Cryptocurrencies to Bre-B Keys is subject to their own terms and conditions, and those of the operator of said service.

The services enabled for the Republic of Colombia do not generate rewards or fees, nor do they guarantee any promise of profitability.

The Application offers the service of automating Cryptocurrency purchases through the "recurring purchases" option. Once Colombian Users enable this feature, they must select the Cryptocurrency they wish to use and the Cryptocurrency they wish to acquire. Then they must configure the recurring purchase frequency among "daily", "weekly" and "monthly". According to the chosen frequency, the recurring purchase will be executed at the same time as the first purchase was made.

The Colombian User must have balance in their Belo Account for the recurring purchase to be made. If they do not have sufficient balance, the recurring purchase will not be executed and the feature will be paused until funds are credited to the Belo Account.

The User may pause, edit or suspend recurring purchase requests at any time from the Application.