SALTLending.com & SALT Platform Terms of Use

Updated: April 7, 2025

These Terms of Use (the “Terms”) constitute a binding agreement between you and Salt Blockchain Inc. (f/k/a Salt Lending Holdings, Inc.) and its affiliates and subsidiaries(“Salt,” “we,” or “us”) with respect to your use of Salt’s online website, www.saltlending.com, and any related website, mobile application, platform, and any associated accounts, that links to these Terms (collectively, the “Site”), including any content, functionality, products and services (“Service”). You must be at least the legal age of majority in your place of residence to access and use the Site.

You may agree to these Terms on your own behalf for personal use or on behalf of your employer. If you are entering into these Terms on behalf of your employer, any reference to “you” or “your” will be deemed to mean your employer or its affiliate on whose behalf you are using the Site and/or Service. If you are consenting on behalf of a company, then you further represent to us that you have the authority to bind the company to these terms and that the company agrees to be legally bound by these terms.

By continuing to use the Site, you acknowledge that you have had the chance to review and consider these Terms, and you acknowledge that you agree to them. If you do not understand these Terms or do not agree with their provisions, please immediately cease your use of the Site.

Modification Notice. We may revise and update these Terms from time to time and will post the updated Terms to the Site. We encourage you to periodically review this page for the latest information on our Terms. If we believe changes to these Terms are material, we will provide notice to you by e-mail or by posting notice of the changes on the Site. UNLESS OTHERWISE INDICATED, ANY CHANGES TO THESE TERMS WILL APPLY IMMEDIATELY UPON POSTING TO THE SITE. Your continued use of the Site and/or Service after the posting of revised Terms constitutes your acceptance of such revised Terms. If you do not agree with any such modification, your sole and exclusive remedy is to terminate your use of the Site and/or Service and close any account(s).

Dispute Resolution Notice. DISPUTES ARISING UNDER ANY SERVICE WITH A LOAN AGREEMENT OR OTHER APPLICABLE DOCUMENTATION BETWEEN YOU AND SALT SHALL BE GOVERNED BY THE APPLICABLE DISPUTE RESOLUTION TERMS SET FORTH IN SUCH LOAN AGREEMENT AND/OR APPLICABLE DOCUMENTATION, WHICH MAY PROVIDE FOR BINDING ARBITRATION. By accepting these Terms, you agree that, if you enter into any such Service agreement, any cause of action allegedly arising under these Terms that relate to such Service shall be subject to such dispute resolution clause.

1. Loan Depictions

The Site contains depictions that are a summary of the process for obtaining a loan and provided for illustrative purposes only. Annual percentage rates (APRs) through the Site vary. The use or access of the Site or Service does not guarantee the availability of any current and/or future offer, promotion, terms, loan, or return. Additional terms, conditions, requirements, suitability, and screenings, among other restrictions, may apply at the sole discretion of Salt.

Loans are privately issued by affiliated direct lending vehicles. Salt Blockchain Inc. (f/k/a Salt Lending

Holdings, Inc.) is a platform and not a direct lender. All loans are subject to review, screening, suitability and approval, among other restrictions. Eligibility is not guaranteed and requires that a sufficient pool of liquidity is available to fulfill your request, other restrictions, requirements, screening, and conditions apply. Individual US citizen borrowers must be a permanent resident and at least 18 years old (or local age of majority). Valid bank account and social security number/EIN (taxpayer identification number, national identity number, or other jurisdictional equivalent for international users) are required. Refer to your loan agreement for additional details and conditions. Borrowing against collateral entails risk and may not be appropriate for your needs. Salt does not provide legal, tax and/or other professional advice. Please consult your advisors. Salt’s loans are issued pursuant to private agreements. You should review the representations and warranties described in the loan agreement. Not FDIC-insured; investments may lose value; no Salt or bank guarantee. Loans subject to restrictions; terms and conditions apply. Jurisdictional limitations and restrictions may apply.

Calculators and tools for any Service provided you with estimates of loan terms. The availability of these terms may change at any time and may not reflect final terms offered and/or applicable regulatory / jurisdictional limitations. The loan terms you receive may be different and do not represent a commitment to lend, nor a commitment to lend on the presented terms.

2. SALT Wallet

SALT Wallet. Eligible users may choose to open a secure cryptocurrency custody wallet account through Salt’s subsidiary Salt Platform, LLC, a Delaware limited liability company (“Custodian”). As used herein, your wallet (any replacements, substitution, or subaccounts thereof) includes any collateral account opened pursuant to a Loan and Security Agreement (a “Loan Agreement”) among yourself, Custodian and a lender; provided, that in the case of any conflict between these terms and a Loan Agreement, the terms of the Loan Agreement shall control. If you have a Loan, any collateral shall be security for all loan obligations under a Loan Agreement to secure the payment and performance in full. Any security interest, which attaches upon the transfer of the Loan by lender to borrower, shall be governed by the terms of the Loan Agreement, the Uniform Commercial Code (as applicable), and automatically terminate upon borrower’s repayment in full of its loan obligations.

Cryptocurrency held as collateral in your SALT wallet (“Stored Coins”) are not subject to the claims of Custodian’s creditors and do not constitute an asset on the balance sheet of Custodian and will at all times be identifiable in Custodian’s records as being stored in your wallet on your behalf, except as otherwise agreed in writing. The Custodian is not subject to any fiduciary duty or any implied duties, and the Custodian shall not have any duty to take any discretionary action or exercise any discretionary powers. Custodian’s sole duties are the contractual duties set forth in these Terms and any Loan Agreement (and in the event of conflict, the terms of any Loan Agreement shall govern). Custodian is not acting as a manager, broker, or investment adviser. Custodian will exercise reasonable care in keeping and safeguarding your Stored Coins held in your wallet. Custodian is authorized to appoint a sub-custodian to perform any of the duties of the Custodian under these Terms.

Eligibility. You must meet the following eligibility criteria to open a wallet and account. By accessing or using the Site, you represent and warrant that you (a) are at least 18 years of age or the local age of majority in your jurisdiction; (b) have not previously been suspended or removed from using our Site; (c) have full power and authority to enter into these Terms and in doing so will not violate any other agreement to which you are a party; (d) are not located in, under the control of, or a national or resident of any country to which the United States has embargoed goods or services, including, but not limited to, Crimea (as defined and construed in the applicable sanctions laws and regulations), Cuba, Iran, North Korea, Sudan and Syria; (e) are not identified as a “Specially Designated National;” (f) are not placed on the US Commerce Department’s Denied Persons List; and (g) will not use our Site if any applicable laws in your country prohibit you from doing so in accordance with these Terms. Finally, you represent and warrant that you will not be using this Site for any illegal activity, including but not limited to money laundering and the financing of terrorism. As discussed in greater detail below, you must apply for an Account (defined below) to access most features of the Service.

Wallet services are not offered in all jurisdictions or to all users. The list of available jurisdictions may change from time to time in Salt’s sole discretion and in accordance with applicable law.

Fees. By using the Site you agree to pay Salt fees for its services as set forth in a fee schedule available on the Site, if any. We reserve the right to adjust our pricing and fees at any time. You are encouraged to periodically review the current rates and fees posted on the Site. All fees are in U.S. Dollars, unless indicated otherwise, and are non-refundable. You will be notified prior to any charges being incurred, and you will be asked to provide affirmative consent via the Site. You authorize us to deduct the agreed-to amount of any fees from available Stored Coins in your wallet, and you grant Custodian a lien on your Stored Coins equal to the amount of any late or unpaid fees.

Safekeeping of Stored Coins. All Stored Coins credited to your wallet shall at all times be controlled by Custodian, subject to any Loan Agreement provisions regarding “control” and
possession of the wallet under the UCC as collateral security for a loan by a lender and the lender’s right to repledge, sell or otherwise transfer or use Stored Coins as provided in the Loan Agreement.

Custodian is authorized to appoint any nominees, agents or sub-custodians, whether in its own name or that of Customer, to perform any of the duties of the Custodian under these Terms. Any reference in this Agreement to the Custodian shall, where the context so requires, include its nominees, agents or sub-custodians appointed by the Custodian on its behalf, or any applicable Salt affiliate(s).

Custodian shall exercise all commercially reasonable efforts to prevent unauthorized access to or use of the private keys to the wallet. You acknowledge that your wallet account is not covered by Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections or insurance. In case of loss due to theft or fraud, you agree that the value of your Stored Coins shall be calculated at the average United States Dollar ask price, at the time of the loss, of the three largest exchanges (by trailing 30-day volume).

Reporting. Custodian shall provide you with periodic reports, transaction notices and/or statements of account relating to the Stored Coins, the dates and depth of reporting level of which shall be determined by Custodian in its reasonable discretion from time to time. Custodian will provide reasonable technical support, by email or telephone, during Custodian’s normal business hours and respond to support requests in a timely manner.

Instructions; Withdrawal. You shall only be able to withdraw Stored Coins stored in the wallet to a compatible wallet on which Custodian has conducted the due diligence reasonably necessary to ensure that you have the rights, title and interest in such wallet necessary for Custodian to perform its obligations under these Terms and applicable law. You may provide instructions to the Custodian via the Site with regard to exercising any rights in the Stored Coins (such as proof-of-stake); provided, that Custodian may charge a fee in connection with complying with such instruction or refuse to take action if Custodian reasonably believes that such instruction violates any law, statute, ordinance, or regulation or may otherwise cause reputational harm to Custodian. You will be able to make such withdrawals or instructions within the Withdrawal Timeframe, and agree to execute instruments, provide information, or perform any other acts as may reasonably be requested by Salt for the purpose of carrying out due diligence as may be required by applicable law. “Withdrawal Timeframe” means forty-eight (48) U.S. business-day hours after Custodian’s receipt of your valid request (and completion of all due diligence and identification requests). However, your withdrawal rights will be subject to the terms of any Loan Agreement.

Wallet Access. Custodian shall provide such information as is necessary for you to transfer cryptocurrency to the wallet. You shall be able to access the wallet via Custodian’s online platform at substantially all times, to check information about the wallet, add Supported Coins to the wallet, and initiate withdrawal of Stored Coins from the wallet. Notwithstanding the foregoing, Custodian reserves the right, at is discretion, to suspend your access to the wallet, or use of the wallet by any authorized persons, and extend, indefinitely, wallet Withdrawal Timeframes if, in Custodian’s good faith belief, such restriction is reasonably necessary to comply with Custodian’s anti- money laundering programs and policies, any requirements under applicable law, to prevent fraud, prevent suspicious transaction, or for any security reasons. Your access rights also will be subject to the terms of any Loan Agreement. You shall ensure that you log off from the Site at the end of each session and close the web browser used during such session when accessing the Site.

You are solely responsible for the security of the login passwords and two factor authentication tokens to the Site, as well as maintaining secure backups for any such passwords. You agree to comply with any application security procedures with respect to the delivery or authentication of instructions to Custodian. Custodian cannot and does not guarantee the value of cryptocurrency or other digital assets. Furthermore, Custodian cannot cancel or reverse a transaction involving cryptocurrency. Once a transaction request has been made, you will subsequently not be able to cancel or otherwise modify your transaction request. You acknowledge and agree that Custodian shall have no liability for losses you suffer in connection with any cryptocurrency transaction initiated via Custodian’s services under these Terms unless such losses are the direct result of a grossly negligent act by Custodian. You acknowledge and agree that the transaction requests you authorize Custodian to submit for completion on a cryptocurrency network may not be completed, or may be substantially delayed, by the cryptocurrency network and Custodian is not responsible for any delay or any failure of completion caused by the cryptocurrency network.

Supported Cryptocurrencies; Forks. Your wallet is intended solely for proper use of supported cryptocurrencies as designated on the Site (“Supported Coins”). Under no circumstances should you attempt to use your wallet to store, send, request, or receive cryptocurrencies we do not support. Salt (including the Custodian) assumes no responsibility in connection with any attempt to use your wallet with cryptocurrencies that we do not support. Salt (including the Custodian) will have no responsibility or liability if you lose, burn, or otherwise cannot access or control any cryptocurrency and/or token that Custodian does not support.

Unless specifically announced on the Site or other official public statement of Salt, Supported Coins exclude all other protocols and/or functionality which supplement or interact with the Supported Coins. This exclusion includes but is not limited to: airdrops, metacoins, colored coins, side chains, dividends, splits or other derivative, enhanced, or forked protocols, tokens or coins that supplement or interact with a blockchain asset or other functionality, such as staking, protocol governance, and/or any smart contract functionality, which may supplement or interact with a Supported Coin. Do not use your wallet to attempt to receive, request, send, store, or engage in any other type of transaction or functionality involving any such protocol as Salt is not configured to detect, secure, or process these transactions and functionality. You acknowledge and agree that supplemental protocols are excluded from Supported Coins and that Salt has no liability for any losses related to supplemental protocols.

If an applicable court of governmental authority rules, issues guidance, or otherwise declares that any Supported Coin is a security or otherwise improper or illegal for Custodian to maintain custody under applicable law, then Custodian may in its sole discretion require that you immediately withdraw all such Supported Coins held in your wallet, which may require you provide alternative Supported Coins as Loan collateral. Custodian will exercise commercially reasonable efforts to accommodate your specific withdrawal request in accordance with these Terms.

Anti-Money Laundering. You represent that they are operating in compliance with all applicable U.S. federal and state laws, including with respect to laws governing money laundering and anti-terrorism. Neither you nor,

(a) if you are a legal entity, any of your subsidiaries or any person that controls you or, to your knowledge, any of your subsidiaries’ directors, officers or agents, or (b) if you are an individual, any of your immediate family members, is named as a “specially designated national and blocked person” on the most current List of Specially Designated Persons published by the U.S. Department of Treasury’s Office of Foreign Assets Control or a person with whom transactions or dealings would be prohibited for U.S. persons to engage in under any of the sanctions programs administered by the Office of Foreign Assets Control (the “OFAC Sanctions Programs”). If you are (a) a corporation, limited liability company, partnership or other organization organized under the laws of the United States or any state thereof, then neither you nor any of your directors, officers, shareholders, employees, affiliates, agents or representatives or (b) an individual, then neither you or any of your immediate family members, is (i) is a Restricted Party; (ii) has any transaction, activity or conduct with a Restricted Party or in a Sanctioned Country, that is prohibited by the applicable Sanctions; (iii) is currently engaging in any transaction, activity or conduct that could result in a violation of applicable Sanctions; (iv) has received notice of, or is otherwise aware of, any claim, action, suit, proceedings or investigation involving it with respect to Sanctions; or (v) is acting on behalf of or at the direction of any Restricted Party in connection with the wallet. Salt reserves the right to decline to open an Account if, after conducting its compliance review, Salt determines it risks noncompliance with money laundering and anti-terrorism requirements.

For purposes of this section:

“Restricted Party” means any individual or entity that is: (a) listed on, or owned (as such terms, including any applicable ownership, are defined and construed in the applicable Sanctions laws and regulations or in any official guidance in relation to such Sanctions laws and regulations) by a person listed on, a Sanctions List, (b) a government of a Sanctioned Country, (c) an agency or instrumentality of, or an entity directly or indirectly owned by, a government of a Sanctioned Country, (d) resident or located in, operating from, or incorporated under the laws of, a Sanctioned Country, or (e) that the Customer is aware (having made due enquiry) is acting on behalf of any of the persons listed in (a) through (d) above, for the purpose of evading or avoiding, or having the intended effect of or intending to evade or avoid any Sanctions, or any conspiracy to violate any Sanctions.

“Sanctioned Country” means any country or other territory subject to a general export, import, financial or investment embargo under any Sanctions, which, as at the date of this Agreement, include Crimea (as defined and construed in the applicable Sanctions laws and regulations), Cuba, Iran, North Korea, Sudan and Syria.

“Sanctions” means economic or financial sanctions or trade embargoes or other comprehensive prohibitions against transaction activity imposed, administered or enforced from time to time by any Sanctions Authority.

“Sanctions Authority” means (a) the United States, (b) the United Nations Security Council, (c) the European Union, (d) the United Kingdom, (e) your jurisdiction of incorporation or organization, if applicable, (f) the respective governmental institutions of any of the foregoing including, without limitation, Her Majesty’s Treasury, the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury, the United States Department of Commerce, the United States Department of State and any other agency of the United States government.

“Sanctions List” means any of the lists of specifically designated nationals and sectoral sanctions identification lists (or equivalents) issued by any Sanctions Authority, each as amended, supplemented or substituted from time to time.

Court Orders. The Custodian may consult with legal counsel, independent accountants and other experts selected by it with due care, and shall not be liable for any action taken or not taken by the Custodian in good faith and in accordance with the advice of any such counsel, accountants or experts. If at any time the Custodian is served with any judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process which in any way affects any wallet (including, but not limited to, orders of attachment or garnishment or other forms of levies or injunctions or stays relating to your wallet or any asset in the wallet), the Custodian is authorized to take such action as legal counsel of its own choosing advises appropriate to comply therewith; and if the Custodian complies with any such judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, the Custodian will not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have been without legal force or effect.

If for any reason Custodian is holding Stored Coins in your wallet on your behalf, and Custodian is unable to return your Stored Coins to your designated external account after a period of inactivity, then Custodian may report and remit such Stored Coins in accordance with applicable unclaimed property laws.

3. Digital Currency Transactions

Digital Currency Transactions. SALT permits certain payments to be made with cryptocurrency (“Digital Currency”). When you convert cryptocurrency from Salt this transaction is intended to affect a purchase and sale of Digital Currency. You can convert Digital Currency only using Digital Currency held in certain wallets, as permitted by Salt (the “Valid Payment Method”). Your Digital Currency conversion must follow the relevant instructions on the Salt Site. Salt reserves the right to cancel any transaction not confirmed by you within five (5) seconds after Salt quotes a transaction price. Salt may also initiate a Digital Currency transaction as permitted under the term of a Loan Agreement, including in a time and manner determined by SALT to be reasonable or convenient to SALT, whether or not it results in the best execution price for customers which SALT expressly does not guarantee. SALT reserves the right to conduct Digital Currency transactions with an affiliate and such transactions are subject to applicable rates and terms. A conversion of Digital Currency using a Valid Payment Method generally will initiate on the business day we receive your instructions. Purchased Digital Currency will be attributed in your wallet as soon as funds have settled to Salt. If Salt cannot complete your Digital Currency conversion for any reason (such as price movement or an order exceeding the maximum order size), Salt will reject the order and notify you of such rejection. You will not be charged for a rejected transaction. You acknowledge that transaction settlement times vary and your Salt account balance is a notional representation of the applicable Digital Currency. Salt will account for and return Digital Currency as set forth in Section 2 above and in your Loan Agreement. Converting (purchasing and selling) Digital Currency is not available in all jurisdictions. Please see the website platform for more information.

Fees. In general, Salt may make money when you convert digital currency on our Site. A full list of Salt fees can be found on the Salt website platform and/or your Loan Agreement. By using Salt Services you agree to pay all applicable fees. High volume orders may incur additional execution fees. Salt reserves the right to adjust its pricing and fees and any applicable waivers at any time. We will inform you of the fees which apply to your transaction when you authorize the transaction or, in the case of a Stable Collateral Transaction (defined below), in your Loan Agreement, and in each receipt we issue to you. We may charge network fees (miner fees) to process a Digital Currency transaction on your behalf. We will calculate the network fee at our discretion, although we will always notify you of the network fee at or before the time you authorize the Digital Currency transaction. You are responsible for paying any additional fees charged by your financial service provider. You may be required to deposit additional Digital Currency to cover fees if you desire to complete such a transfer.

Stabilizing Collateral Transactions. If you have an outstanding loan on the Salt platform, you authorize us to initiate collateral value stabilizing Digital Currency transactions (“Stable Collateral Transactions”) under the following conditions: (i) your loan collateral value breaches a margin call threshold as specified on the platform and/or your Loan Agreement or (ii) if currently available, you set a Stable Collateral Transaction threshold on the platform (together, “Stabilizing Thresholds”). Stable Collateral Transactions will automatically convert your Digital Currency loan collateral for a basket of Digital Currency (including stablecoins such as USDC) to maintain a stable USD account value. Stable Collateral Transactions will continue to occur until either (i) the collateral value exceeds the Stabilizing Thresholds (due to loan payments or the transfer of additional Digital Currency collateral) or (ii) you pay off the balance of the loan. This authorization will remain in full force and effect until you no longer have an outstanding loan on the Salt platform. Salt may, at any time, terminate Stable Collateral Transactions without notice, and/or authorize you to opt-out or opt-in to Stable Collateral Transactions.

Unauthorized and Incorrect Transactions. When a Digital Currency transaction occurs using your credentials, we will assume that you authorized such transaction, unless you notify us otherwise. If you believe you did not authorize a particular transaction or that a transaction was incorrectly carried out, you must contact us as soon as possible either by email at [email protected] or by phone at (720) 575-2272. It is important that you regularly check your Collateral Wallet balances and your transaction history to ensure you notify us as soon as possible of any unauthorized or incorrect transactions. We are not responsible for any claim for unauthorized or incorrect transactions unless you have notified us in accordance with this section.

Reversals & Cancellations. You cannot cancel, reverse, or change any transaction marked as complete or pending. If your payment is not successful or if your payment method has insufficient funds, you authorize Salt, in its sole discretion, either to cancel the transaction or to debit your other payment methods, including your Collateral Wallet balances or other linked accounts, in any amount necessary to complete the transaction. You are responsible for maintaining an adequate balance and/or sufficient credit limits in order to avoid overdraft, non-sufficient funds (NSF), or similar fees charged by your payment provider. We reserve the right to refuse to process, or to cancel or reverse, any Digital Currency transaction (including Stable Collateral Transactions) in our sole discretion, even after funds have been debited from your account(s), if we suspect the transaction involves (or has a high risk of involvement in) money laundering, terrorist financing, fraud, or any other type of financial crime; in response to a subpoena, court order, or other government order; if we reasonably suspect that the transaction is erroneous; or if Salt suspects the transaction relates to prohibited use or a prohibited business as set forth herein or in your Loan Agreement. In such instances, Salt will reverse the transaction, and we are under no obligation to allow you to reinstate a purchase or sale order at the same price or on the same terms as the cancelled transaction.

Taxes. It is your responsibility to determine what, if any, taxes apply to the purchases, sales, liquidations, conversions or other transactions you complete, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that Salt is not responsible for determining whether taxes apply to your transactions with Digital Currency or for paying, collecting, reporting, withholding or remitting any taxes arising from any transactions with Digital Currency.

Risks. You acknowledge that using digital assets and blockchain-based solutions, networks and protocols may involve serious risks. It is your duty to learn about all these risks. For example, the value of Digital Currency can change rapidly, increase or decrease unexpectedly, and potentially even fall to zero. As another example, a cryptocurrency transaction may be unconfirmed for a period of time (usually less than one hour, but up to one day or longer) and may be never complete if it remains in a pending state. Even if Salt alerts you to some of the risks involved with digital assets, their protocols and networks, Salt has no responsibility to alert you of all these risks. Salt has no control over and makes no representations regarding the value of digital assets, or the security of their networks or protocols. Salt does not own or control the underlying software protocols which govern the operation of Digital Currencies. Digital asset protocols are subject to changes in protocol rules (referred to as “forks”), and that such forks may materially affect the value, function, or name of the digital asset. You acknowledge and agree (i) that Salt is not responsible for operation of the underlying digital asset protocols and that Salt makes no guarantee of their functionality, security, or availability; and (ii) if a fork occurs, Salt may temporarily suspend the Salt Services relating to the digital asset affected, and Salt may configure or reconfigure its services or decide not to support the forked protocol entirely.

4. SALT Tokens

Please see SALT Token Terms and Conditions for further details. https://saltlending.com/salt-token-terms-and-conditions/

Interested parties acknowledge that the Site, as described herein, may cease to operate in any capacity and/or may be unable to offer, service, and/or otherwise provide access to products to any member, user, and/or any other party, person or entity seeking to use the Site. As such, the SALT Tokens may have a value of zero. SALT Tokens are functional utility smart contracts within the Site. SALT Tokens are not for speculative investment. No promises of future performance or value are or will be made with respect to SALT Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that SALT Tokens will hold any particular value. SALT Tokens are not participation in Salt and SALT Tokens hold no rights in Salt. SALT Tokens are sold as a functional good and all proceeds received by Salt may be spent freely by Salt absent any conditions. SALT Tokens are intended for experts in dealing with cryptographic tokens and blockchain-based software systems.

It is your responsibility to determine what, if any, taxes apply to the purchases you complete, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that Salt is not responsible for determining whether taxes apply to your purchases of digital tokens or for collecting, reporting, withholding or remitting any taxes arising from any purchases of digital tokens, including SALT Tokens.

You understand and accept that there are material risks associated with using, owning, acquiring or transferring SALT Tokens. You acknowledge and agree that: (a) Salt is not acting as your broker, financial intermediary, agent, or advisor or in any fiduciary capacity, except that the Custodian is a “securities intermediary” and/or has possession and control of Stored Coins with respect to the wallet as described above, and (b) no communication or information provided to you by Salt shall be considered or construed as advice or opinion on which you can or should rely.

As of September 6, 2024, the Company ceased to have any securities registered with the U.S. Securities and Exchange Commission (“SEC”) and, as such, is no longer required to file periodic reports with the SEC. Prior thereto, the Company’s reports with the SEC were not current and cannot be relied upon, including any risk factors set forth in the Company’s Form 10 Registration Statement filed with the SEC in respect of the SALT Token.

5. License; Restrictions on Use

Subject to your complete and ongoing compliance with these Terms, we grant to you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Site for your personal, non-commercial use, including any graphics, text, instructions, images, audio files and/or other sounds, videos, and other materials you may view on, access through, or are otherwise related to the Site (collectively, the “Content”).

You agree not to:

attempt to gain unauthorized access to the Site or another user’s account;
make any attempt to bypass or circumvent any security features;
use the Site in connection with any transaction involving illegal products or services;
except as otherwise provided in these Terms, copy, download, or store the Content in a retrieval system for any other purpose, or redistribute, reuse, or modify the Content for any purpose, without our express written permission;
collect information from the Site using an automated software tool or manually on a mass basis;
use automated means to access the Site, or gain unauthorized access to the Site or to any account or computer system connected to the Site;
obtain, or attempt to obtain, access to areas of the Site or our systems that are not intended for access by you;
“flood” the Site with requests or otherwise overburden, disrupt, or harm the Site or our systems;
send bulk emails, surveys, or other mass messaging, whether commercial in nature or not;
use the Site to promote or operate any service or content without our prior written consent;
restrict or inhibit other users from accessing or using the Site;
modify or delete any copyright, trademark, or other proprietary rights notices that appear on the Site or in the Content;
engage in or create any unlawful gambling, sweepstakes, or pyramid scheme;
imply any endorsement by Salt;
intentionally or unintentionally violating any local, state, federal, national or international law, including, but not limited to, rules, guidelines, and/or regulations decreed by the U.S. Securities and Exchange Commission, in addition to any rules of any nation or other securities exchange, and any regulations having the force of law;
provide support or resources to any organization designated by the United States government as a “foreign terrorist organization” pursuant to Section 219 of the Immigration Nationality Act; or
access or use the Site or any Content for any unlawful purpose or otherwise beyond the scope of the rights granted to you in these Terms.

6. Ownership

The Site and the Content are owned by Salt and its licensors, and are protected under copyright, trademark, and other applicable United States and international laws and treaties. Without limiting the foregoing, the trademarks, trade names, service marks, and logos displayed on the Site are registered and unregistered marks of Salt and its licensors. You acknowledge and agree that, as between you and Salt, Salt is and shall remain the sole owner of the Site and the Content, including, without limitation, all patents, copyrights, trademarks, trade secrets, and other intellectual property and proprietary rights therein and thereto.

Pursuant to Section 512(c)(2) of the Copyright Act, Salt designates the following agent to receive notifications of claimed infringement:

[email protected] Legal Department

Salt Blockchain Inc.

P.O. Box 8350

Denver, CO 80202

7. Proprietary Rights

The Site and any software or technology that may be used in connection with the Site may contain proprietary and confidential material that may be protected by intellectual property rights and other laws. Except as may be expressly authorized by Salt, or as otherwise permitted by applicable law, you agree that you shall not alter, modify, lease, rent, loan, sell, transmit, distribute, broadcast, publicly perform or create any derivative works which are based upon, or derived from, the Site (including any Content, or any software or services provided or made available therefrom).

8. Minors

By using the Site, you represent and warranty that you are at least 18 years of age, or your local age of majority, and can legally enter into a binding agreement with us. We disclaim all and any liability for any misrepresentation of your own, or any other user’s age. You further represent any warrant that you are not prohibited by any applicable law from using the Site.

9. Account Registration and Security

Access to and use of certain services via the Site requires you to register for an account (“Account”). You agree to provide true, accurate, current, and complete information about yourself as prompted by the applicable registration or log-in form, and you are responsible for keeping such information up to date. You are responsible and liable for all activities conducted through your account, regardless of who conducts those activities. You are responsible for maintaining the confidentiality of your account information, including your username and password. You agree to immediately notify Salt of any unauthorized use of your account, or any other breach of security. Salt is not liable for any loss or damage arising from your failure to protect your username or password.

During registration of your Account, Loan application process or at any other time deemed necessary by us, you agree to provide us with the information we request for the purposes of identity verification, providing the Service to you, and the detection of money laundering, terrorist financing, fraud, or any other financial crimes and permit us to keep a record of such information. The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, e-mail address, date of birth, taxpayer identification number, government identification, and information regarding your bank account (such as the name of the bank, the account type, routing number, and account number). You consent to us accessing, processing and retaining any personal information you provide to us for the purpose of us providing the Service to you. This consent is not related to, and does not affect, any rights or obligations we or you have in accordance with data protection laws, privacy laws and regulations (see below). You can withdraw your consent at any time by closing your Account, however, we may retain and continue to process your personal information if we reasonably believe it is necessary to comply with laws or regulations. You authorize us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. This is an identity check only and should have no adverse effect on your credit rating. We reserve the right to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process or governmental request.

If you elect to sign up for certain services via the Site (“Paid Services”), you may be asked for billing and payment information, including your credit card information. You may also be asked to provide additional cryptocurrency wallet information. At the time you sign up for Paid Services we will show you a breakdown of what you will be charged. You authorize us to charge your credit card, ACH, or to deduct the agreed-to amount of any fees from available cryptocurrency in your wallet, for the amounts shown to you at the time of purchase and, if the Paid Service you have chosen operates on a subscription basis, you authorize us to charge the amount disclosed to you each month, until your authorized cancellation of such Paid Service. For ongoing payments, you may edit your payment method from your Account page. You grant us a lien on your cryptocurrency in your wallet equal to the amount of any late or unpaid fees. All fees are in U.S. Dollars and are non-refundable. We reserve the right to determine pricing for the Service, including any features of the Service or products offered through the Service. We will make reasonable efforts to keep pricing information published on the Site up to date and we encourage you to check our website periodically for current pricing information. We may change the fees for any feature of the Service, including additional fees or charges, if we give you advance notice of changes before they apply. Salt, at its sole discretion, may make promotional offers with different features and different pricing to any of our users and merchants. These promotional offers, unless made to you, will not apply to your offer or these Terms.

You may update, cancel or terminate your account via your Account page at any time.

10. Site Availability

We reserve the right to make changes to, suspend, or discontinue (temporarily or permanently) the Site or any portion thereof (including any Content) at any time. You agree that we will not be liable to you or to any third party for any such change, suspension, or discontinuance.

In particular, we may, without any prior notice, suspend, terminate and/or limit your account and access to the Site and/or any Paid Services at any time in the event of:

any breach or violation of this Agreement or any other incorporated agreement, regulation and/or guideline;
any requests from law enforcement or any other governmental agencies;
the discontinuance, alteration and/or material modification to the Site or the Paid Services, or any part thereof;
unexpected technical or security issues and/or problems;
any extended periods of inactivity;
any engagement by you in any fraudulent or illegal activities; and/or
the nonpayment of any associated fees that may be owed by you in connection with the Site or the Paid Services.

Furthermore, you hereby agree that any and all terminations, suspensions, discontinuances, and or limitations of access for cause shall be made at our sole discretion and that we shall not be liable to you or any other third party with regards to the termination of your account, associated email address and/or access to any of the Site or any Paid Services.

The termination of your account shall include any and/or all of the following:

the removal of any access to all or any part of the Site and/or the Paid Services;

the immediate cessation of any cryptocurrency wallet notifications;

the deletion of any and all related information, files, and any such content that may be associated with or inside your account, or any part thereof; and

the barring of any further use of all or part of the Site and/or the Paid Services.

If we terminate your Account, you will not be entitled to any refunds of any monies spent, except as otherwise agreed. At the termination of these Terms, any provisions that would be expected to survive termination by their nature shall remain in full force and effect.

11. Privacy Policy

All personally identifiable information that the Site may collect is subject to, and treated in accordance with, the terms of Salt’s Privacy Policy.

As a principle, Salt collects only what we need and will not share your personal information with any third parties other than our identity verification partner. Even within Salt, access to your personal information is limited to a subset of employees who work on compliance and identity verification matters. Salt is the only data controller and processor.

You will provide to us, immediately upon our notice of request, information that we, in our sole discretion, deem to be required to maintain compliance with any international, federal, state or local law, regulation or policy. Such documents may include, but are not limited to, passports, driver’s licenses, utility bills, photographs of you, government identification cards, or sworn statements.

Salt reserves its right to request documentation prior to activating your account at any of the services, and any content, available through the Site. Salt may refuse you access to the Site and related services should it have doubts as to validity, authenticity and genuineness of the documents, provided by you.

Salt collects information from running the website and products, provided thereto, and uses information, provided to us by you. When you visit the website or use our products, we collect information sent to us by your computer, mobile phone, or other access device. This information may include your IP address, device information including, but not limited to, identifier, name, and type, operating system, mobile network information and standard web log information, such as your browser type, and the pages you accessed on our website. When you use a location-enabled device with our website and products, we may collect geographical location data or use various means to determine the location, such as sensor data from your device that may, for instance, provide data on nearby cell towers and Wi-Fi access spots. However, we will not release your personally-identifying information to any third party without your consent, except as set forth herein.

If you create an account on the Site and use our services, we may collect and store the following types of information: contact information – your name, address, phone, email and other similar information. Before permitting you to use our website and products, we may require you to provide additional information (such as a date of birth, passport number, numbers that you may use or have registered with your local tax authority, or other data which can be used for personal identification purposes and that may be required to comply with applicable laws) so that we can verify your identity or address. We may also obtain information about you from third parties such as identity verification services.

When you use our website, we collect information about your transactions (such as date, time and amount of transaction) and your other activities on our website and we may collect information about your computer or other access device for fraud prevention purposes. We may collect additional information about you through your interactions with our support team.

When you access the website or use our products or services we (or google analytics on our behalf) may place small data files called cookies on your computer or other device. We use these technologies to recognize you as our user; customize our website and advertising; measure promotional effectiveness and collect information about your computer or other access device to mitigate risk, help prevent fraud, and promote trust and safety.

Throughout these Terms, we use the term “personal information” to describe information that can be associated with a specific person and can be used to identify that person. We do not consider personal information to include information that has been anonymized so that it does not identify a specific user.

We store and process your personal information on our servers. We protect your information using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards we use are firewalls and data encryption, physical access controls to our data centers, and information access authorization controls. We also authorize access to personal information only for those employees who require it to fulfill their job responsibilities.

We are sometimes required to compare the personal information you provide to third party databases in order to verify its accuracy and confirm your identity. This allows us to comply with state and federal anti-money laundering and “know your customer” regulations. We will not sell or rent your personal information to third parties. We may combine your information with information we collect from other companies and use it to improve and personalize the website and our products, as well as our content and advertising. We may use your name and email address to provide you with information about products or services that may be of interest to you, but we will not use your personal information without complying with applicable laws and, where appropriate, obtaining your consent.

We reserve our right to share your personal information with:

Our banking partners (if you link a bank account to your account);
Companies that we plan to merge with or be acquired by (should such a combination occur, we will require that the newly combined entity follow these terms with respect to your personal information, and you would as well receive prior notice of any change in applicable policy);
3rd party identification services providers for fraud prevention purposes;
Law enforcement, government officials, or other third parties when i) we are compelled to do so by a subpoena, court order, or similar legal procedure; or ii) we believe in good faith that the disclosure of personal information is necessary to prevent physical harm or financial loss, to report suspected illegal activity or to investigate violations of our terms;
Other third parties only with your prior consent or direction to do so.

Salt will not provide your personal information to any other Salt users without your consent or direction.

You may access, review and edit your personal information at any time by logging in to the website using your credentials.

The data that we collect from you will be transferred to, and stored at, or processed from a destination either inside or outside of the European Economic Area or the United States. By submitting your personal data, you agree to this transfer, storing, or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with these terms. Third parties may be located in other countries where the laws on processing personal information may be less stringent than in your country. Our services may, from time to time, contain links to and from the websites of our partner networks, advertisers, and affiliates (including, but not limited to, websites on which the Salt services are advertised). If you follow a link to any of these websites, please note that these websites and any services that may be accessible through them have their own privacy policies and that we do not accept any responsibility or liability for these policies or for any personal information that may be collected through these websites or services, such as contact and location data. Please check these policies before you submit any personal data to these websites or use these services.

Please further note that it is SALT’s policy that no personal information should be inputted into an AI system for purposes of analyzing data or AI training, excluding AI tools embedded in 3^rd party software and hardware components that integrate AI capabilities into their devices or systems.

* Please note: Use of the User Dashboard and/or other services provided by Salt Blockchain Inc. (f/k/a Salt

Lending Holdings, Inc.) and/or any of its affiliates, subsidiaries, and/or other Salt providers may be subject to and/or governed by other privacy policies.

You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures (collectively, “Communications”) that Salt provides in connection with your Account and/or use of the Salt Services. You agree that Salt may provide these Communications to you by posting them via the Services, by emailing them to you at the email address you provide, and/or by sending an SMS or text message to a mobile phone number that you provide. Your carrier’s normal, messaging, data and other rates and fees may apply to any mobile Communications. You should maintain copies of electronic Communications by printing a paper copy or saving an electronic copy. You may also contact us through support email [email protected] to request additional electronic copies of Communications or, for a fee, paper copies of Communications (as described below).

By consenting to these Terms, we may also use electronic signatures and obtain them from you as part of our transactions with you. All communications that we provide to you electronically will be provided either directly to your email address on file in your online account, on our website, or on your online account.

You may withdraw your consent to receive electronic Communications by sending a withdrawal notice to support email [email protected]. If you decline or withdraw consent to receive electronic Communications, Salt may suspend or terminate your use of the Services.

Before you consent, you should consider whether you have the following required hardware and software capabilities to access, view and retain Communications: a valid email address, and access to a computer, operating system and telecommunications connections to the Internet capable of receiving, accessing, displaying and either printing or storing Communications electronically, with a modern up-to-date web browser that supports the latest encryption protocols and security standards. Utilization of our phone application requires a smart phone operating current operating systems supported by the app. We will notify you of any changes to these requirements that create a risk that you may not be able to receive Communications electronically. By giving your consent, you are confirming that you have access to the necessary equipment and can receive, open, and print or download a copy of any Communications for your records.

It is your responsibility to keep your email address and/or mobile phone number on file with Salt up to date so that Salt can communicate with you electronically. You understand and agree that if Salt sends you an electronic Communication but you do not receive it because your email address or mobile phone number on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications, Salt will be deemed to have provided the Communication to you. Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add Salt to your email address book so that you will be able to receive the Communications we send to you. You can update your email address, mobile phone number or street address at any time by logging into your Account or by sending such information to support email [email protected]. If your email address or mobile phone number becomes invalid such that electronic Communications sent to you by Salt are returned, Salt may deem your account to be inactive, and you may not be able to complete any transaction via our Services until we receive a valid, working email address or mobile phone number from you.

You agree to receive alerts about your Account activity, balances on your Account, payments, suspicious activities, and other matters involving your use of the Service through push notifications to your device. Receipt of push notifications may be delayed or prevented by factors beyond our control, including those affecting your internet/phone provider. SALT is not liable for losses or damages arising from non-delivery, delayed delivery, or the erroneous delivery of any push notification; inaccurate push notification content, or your use or reliance on the content of any push notification for any purposes. Each push notification may not be encrypted, and may include your name and information pertaining to your Account or use of the Service. SALT may terminate your use of push notifications at any time without notice. You may choose to discontinue receiving push notifications by updating your preferences on your device.

We may offer an interactive online chat service to enhance your experience. This service may involve interactions with a bot, chatbot, virtual assistant, or other AI-based tools. These chatbots assist with inquiries, provide information, and offer recommendations. While we strive for accuracy, certain complex issues may require human intervention. Please note that such chat service is provided for your convenience and may not be available at all times or be free from errors. To the maximum extent permitted by law, SALT shall bear no liability based on any legal theory arising from your use of the chat service, including, but not limited to, on account of any errors in its responses. Chats are monitored and may be retained, and any personal information shared will be subject to our Privacy Policies in compliance with applicable law. The use of the chat service does not constitute consent for the use of electronic records and signatures as a substitute for written documents. You agree not to use the chat service to send any abusive, defamatory, dishonest, or obscene messages, which may result in the termination of your chat session. We are committed to transparency and will disclose the use of chatbots as required by applicable law. By using the chat service, you acknowledge and accept these terms and our efforts to ensure your privacy and security in compliance with relevant regulations. Please do not submit sensitive personal identifiers or information such as social security numbers, financial account information, or any other confidential data through the chat service.

13. Third Party ACH Payment Services Partner

In order to use the payment functionality of Salt’s application, you must open a “Dwolla Account” provided by Dwolla, Inc. and you must accept the Dwolla Terms of Service and Privacy Policy. Any funds held in or transferred through your Dwolla Account are held or transferred by Dwolla’s financial institution partners. You must be at least 18 years old to create a Dwolla Account. You authorize Salt to collect and share with Dwolla your personal information including full name, email address and financial information, and you are responsible for the accuracy and completeness of that data. You understand that you will access and manage your Dwolla Account through Salt’s application, and Dwolla account notifications will be sent by Salt, not Dwolla. We will provide customer support for your Dwolla Account activity, and can be reached at www.saltlending.com, [email protected] and/or (720) 575-2272.

ACH and any other payments received at any time prior to a monthly payment due date shall be applied to the next monthly payment and shall not be deemed a prepayment unless we receive an amount more than the amount payable on such monthly payment date, provided however in the event of a prepayment in full of the loan, the application of payments shall be as set forth in the Loan Agreement.

14. Additional Third-Party Materials, Goods and Services

Salt may provide tools through the Service that enable you to export information to third-party services, including through features that allow you to link your Account with an account on the third-party service. By using one of these tools, you agree that Salt may transfer that information to the applicable third-party service. Third-party services are not under our control, and, to the fullest extent permitted by law, Salt is not responsible for any third-party service’s use of your exported information.

The Site may display, include, or make available third-party content (including data, information, applications

and other products services and/or materials) or provide links to third-party websites or services (collectively, “Third-Party Materials”). You acknowledge and agree that Salt is not responsible for Third Party Materials, including their accuracy, completeness, timeliness, validity, legality, decency, quality, or any other aspect thereof. Salt does not assume and will not have any liability to you or any other person or entity for any Third- Party Materials. Representations made regarding products and services provided by third parties will be governed by the policies and representations made by these third parties. Salt is not responsible or liable for your transactions, dealings or interactions with third parties.

15. Indemnification

You agree to indemnify, defend, and hold Salt and its affiliates, licensors, partners, and service providers, and the officers, directors, employees, agents, and representatives of each of them (collectively, the “Salt Entities”) harmless from and against any claims, liabilities, losses, damages, judgments, awards, costs, and expenses (including reasonable attorneys’ fees) arising out of or resulting from your use of the Site and/or any Content, or any violation of these Terms or applicable law. We reserve the right, at our own expense, to assume the exclusive defense and control of any action subject to indemnification by you, and in such event you agree to cooperate with us in defending such action. You agree not to settle any such matter without the prior written consent of Salt.

16. Import/Export Compliance

When using the Site, you agree to comply with all local laws, rules and regulations applicable to online conduct and acceptable content. You agree that your use of the Site will comply with all applicable import and export laws, rules and regulations, including but not limited to the United States Export Administration Regulations and Sanctions Programs.

17. DISCLAIMERS

THE SITE AND THE CONTENT ARE PROVIDED TO YOU FOR INFORMATION PURPOSES ONLY ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, AND SALT HEREBY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. SALT

DOES DO NOT MAKE ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE SITE OR ANY CONTENT, NOR DOES SALT REPRESENT OR WARRANT THAT DEFECTS WILL BE CORRECTED, THAT THE SITE, CONTENT, OR THE SERVERS THAT MAKES THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE SITE OR THE CONTENT WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. ACCORDINGLY, SALT IS NOT LIABLE TO YOU FOR ANY LOSS OR DAMAGE THAT MIGHT ARISE, FOR EXAMPLE, FROM THE SITE’S INOPERABILITY, UNAVAILABILITY, DOWNTIME OR SECURITY VULNERABILITIES OR FROM YOUR RELIANCE ON THE QUALITY, ACCURACY, AVAILABILITY, OR RELIABILITY OF THE INFORMATION FOUND ON, USED ON, OR MADE AVAILABLE THROUGH THE SITE.

THE SITE AND CONTENT SHALL NOT BE A SUBSTITUTE FOR TRADING, INVESTMENT OR ANY OTHER ADVICE FROM A LICENSED PROFESSIONAL. SALT SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY TRADING AND/OR INVESTMENT DECISIONS BASED ON ANY INFORMATION OBTAINED VIA THE SITE.

18. LIMITATION OF LIABILITY

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL SALT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING FROM OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SITE OR THE CONTENT, WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. SALT’S MAXIMUM AGGREGATE LIABILITY TO YOU FOR LOSSES OR DAMAGES THAT YOU SUFFER IN CONNECTION WITH THESE TERMS OF USE OF THE SITE OR ANY CONTENT SHALL NOT EXCEED THE FEES PAID BY YOU TO SALT DURING THE 12 MONTHS IMMEDIATELY PRECEDING THE DATE OF ANY CLAIM GIVING RISE TO SUCH LIABILITY. THE FOREGOING LIMITATIONS SHALL APPLY EVEN IF YOUR REMEDIES UNDER THESE TERMS OF USE FAIL OF THEIR ESSENTIAL PURPOSE.

Some jurisdictions do not allow the exclusion or limitation of certain warranties or consequential damages, so some of the exclusions and/or limitations in Section 17 and this Section 18 may not apply to you.

19. No Offer; No Advice

Neither these Terms nor any other document or information publicly available on the Site without going

through your Account and the purchase process, constitute an offer or solicitation to sell securities. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, these Terms do not constitute investment advice or counsel or solicitation for investment in any security and shall not be construed in that way. These Terms do not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities. Salt expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this document, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.

Salt is not acting and cannot act as an advisor, including as to any financial, legal, investment, insurance and/or tax matters. Any information provided by Salt is for general information only. You are solely responsible for determining whether any contemplated transaction is appropriate for you.

The information presented on or through the Site is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Site, or by anyone who may be informed of any of its contents.

20. Reservation Of Rights

Salt reserves all of Salt’s rights, including but not limited to any and all copyrights, trademarks, patents, trade secrets, and any other proprietary right that Salt may have in and to the Site and the Content. Other than as set forth in these Terms, the use of Salt’s rights and property requires Salt’s prior written consent. By making services available to you, Salt is not providing you with any implied or express licenses or rights, and you will have no rights to make any commercial use of the Site without Salt’s prior written consent.

21. Disclosures and Disclaimers

Nothing contained on the Site constitutes tax, accounting, regulatory, legal, insurance or investment advice. Neither the information, nor any opinion, contained on this Site constitutes a solicitation or offer by Salt or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Decisions based on information contained on this Site

are the sole responsibility of the visitor and the information contained on the Site has been prepared without reference to any particular user’s investment requirements or financial situation.

Salt makes no representations that the Content is appropriate for use in all locations, or that the transactions, securities, products, instruments, or services discussed on the Site are available or appropriate for sale or use in all jurisdictions or countries, or by all investors. You acknowledge and agree that Salt has no control over, or liability for, any information included in, or arising from blockchain ledgers.

22. Miscellaneous

Applicable Law, Jurisdiction and Venue. You agree that these Terms and any dispute arising out of your use of the Site, Content, or products purchased through the Site shall be governed by and construed in accordance with the laws of the State of Colorado, without regard to any conflict of law provisions. Any legal suit, action, or proceeding arising out of or related to these Terms, the Site or Content shall be instituted exclusively in the federal or state courts located in Denver, Colorado. You agree to waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.

Termination. We may, in our sole discretion and without liability to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of the Site.

Geographic Restrictions. Salt is based in the State of Colorado in the United States. Salt makes no claims that the Site or Content are accessible or appropriate outside of the United States. Access to and use of the Site may not be legal by certain persons or in certain countries. If you access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with local laws.

Force Majeure. Salt shall not be liable or responsible, nor be deemed to have defaulted under or breached these Terms, for any failure or delay in fulfilling or performing any term of these Terms, when and to the extent such failure or delay is caused by or results from the following force majeure events (“Force Majeure Event(s)”): (a) acts of God; (b) flood, fire, earthquake, epidemic, or explosion; (c) war, invasion, hostilities (whether war is declared or not), terrorist threats or acts, riot or other civil unrest; (d) government order or law; (e) actions, embargoes or blockades in effect on or after the date of this Agreement; (f) action by any governmental authority; (g) national or regional emergency; and (j) other similar events beyond the reasonable control of the party impacted by the Force Majeure Event (the “Impacted Party”).

Waiver of Jury Trial. YOU HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING, CLAIM, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THESE TERMS OF USE OR THE SITE, SERVICES OR CONTENT.

Waiver and Severability. Our failure to exercise or enforce any right or provision of these Terms will not constitute a waiver of such right or provision. If any provision of these Terms is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent possible, and the remaining provisions of these Terms of Use will continue in full force and effect.

Entire Agreement. These Terms, together with any Loan Agreement, constitute the sole and entire agreement between you and Salt with respect to the subject matter hereof, and supersede and replace all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter.

Questions. If you have any questions about the Site or these Terms, please contact us at [email protected].