ANNEX 3: STABLECOIN STAKING PROGRAM

Subject to this Annex, Localtrade provides you the option of contribution to and earning rewards on eligible accounts opened with us via our Stablecoin Staking Program (the “Staking Program”). This Annex shall constitute and be perceived as supplementary to the Terms and incorporated by reference. You should read this Annex carefully before signing up for and participating in the Staking Program.

1. Staking Program and Services

In order to participate in the Staking Program, you shall be deemed eligible for such participation, meaning that you fall under eligibility conditions laid down in Section 1 of the Terms and that you have successfully passed the Compliance Clearance procedure according to Section 3 of the Terms.

The Staking Program offers you a possibility of off-chain staking of supported Virtual Currency tokens (the “Supported Tokens”). By opting to stake the Supported Tokens via our Staking Program, you thereby give you consent to Localtrade, to stake the Supported Tokens in accordance with terms and conditions laid down herein. Your consent to staking of the Supported Tokens shall under no circumstances be perceived as transfer of ownership title of any other titles applicable to Supported Tokens purchased and held by you on your Account, to us. You shall retain all ownership rights of the Supported Tokens. The provisions of Section 2.3.3 of the Terms on the ownership titles pertaining to Virtual Currency funds in your Account shall extend and be applicable to the same extent to the Supported Tokens.

2. Terms of Participation

In order to participate in the Staking Program, you must have an Account on the Exchange. You may opt to stake all the Supported Tokens or some of them as well as in the entire balance or in part. Staking rewards (the “Staking Rewards”) shall be remitted to you in LocalTrade Tokens (“LTT”) on the basis of the protocol applicable to each Supported Token. After receiving the Staking Rewards in LTT, you may exchange them for the applicable Virtual Currencies.

You agree and acknowledge that the Staking Program is provided by LocalTrade Limited, a company registered in the governance of Saint Vincent and Grenadines (Business Company Number 26387 BC 2022, with registered office address at Suite 305, Griffith Corporate Center, PO. Box 1510, Beachmont, Kingstown), therefore all the terms are governed by the laws of Saint Vincent and Grenadines. Only users from the following countries are allowed to take part in the Staking Program: Azerbaijian, Belarus, Armenia, Moldova, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Ukraine.

Staking shall only be performed for the Supported Tokens that are held in your Main Balance.

Percentage of remittance of the Staking Rewards shall depend on a number of factors which include but are not limited to the following:

• conditions of Staking Rewards;

• staking fees;

• the specifications of the Supported Token protocol;

• other factors not explicitly set forth by this Annex.

The Supported Tokens admitted for staking in the Staking Program are subject for lockup for a period (the “Lockup Period”) with the possibility to withdraw the Supported Tokens submitted for staking immediately after the expiration of the Lockup Period. The Lockup Period shall be deemed expired after the passing of 93 calendar days; or, in case additional Supported Tokens are submitted to the Staking Program after the first deposit, after 93 calendar days following the last token deposit.

You agree and acknowledge that the Staking Rewards are not guaranteed by Localtrade for remittance in the percentage, amount or timing indicated in this Annex and other and (a) constitute an estimate; (b) may change over time in our sole discretion, and (c) may differ from values originally indicated.

3. Slashing

In an event of an erroneous or otherwise malicious validation of a block on the applicable Supported Token protocol, a slashing penalty (“Slashing”) may apply. Localtrade may compensate you for the Staking Rewards not remitted as a result of Slashing, if the event giving rise to Slashing did not occur due to (a) your acts or omissions; (b) acts detrimental to cybersecurity. such as hacker attacks or malicious acts; (c) force majeure, or (d) maintenance, bugs or errors of the Supported Token protocol or applicable Network.

4. No Guarantee of Staking Services

Localtrade Staking Program and Services are provided to you on a “as is” and “as available” basis, no promises, representations and warranties given in regards to the said basis, whether express, implied or statutory. We do not give any warranties of title, merchantability, data accuracy, system integration, quiet enjoyment, fitness for a particular purpose and/or non-infringement. We do not make any promises, representations and warranties that access to Staking Program shall be continuous, uninterrupted, timely, or error-free and that the staked Supported Tokens may generate Staking Rewards continuously and at all times.