HertzFlow Terms of Use

Last Updated: [January 1, 2026]

These Terms of Use (the “Terms”) govern access to and use of (i) the HertzFlow user interface, websites, applications, and related tools (collectively, the “Interface”), and (ii) the HertzFlow decentralized protocol, including all related smart contracts deployed on public blockchain networks (the “Protocol”), in each case made available by or associated with HertzFlow LTD, a business company incorporated in the British Virgin Islands (the “Company”). By accessing, using, or interacting with the Interface or the Protocol, including by submitting transactions to the Protocol’s smart contracts directly or indirectly, the user confirms that the user has read, understood, and agreed to be bound by these Terms. If the user does not agree to these Terms, the user must not access, use, or interact with the Interface or the Protocol.

1. DECENTRALIZED AND NON-CUSTODIAL NATURE

1.1 Protocol Independence

The Protocol consists of autonomous, permissionless smart contracts deployed on public blockchain networks. The Protocol operates in a decentralized manner and is not owned, operated, or controlled by the Company. The Company does not control, and makes no representations regarding:

• blockchain networks, validators, or consensus mechanisms;

• execution, settlement, or finality of smart contract transactions;

• third-party oracles, data feeds, or external dependencies; or

• user interactions with the Protocol.

1.2 Interface Functionality

The Interface is a non-exclusive front-end tool intended to facilitate interaction with the Protocol. The Protocol may be accessed through other interfaces or directly through blockchain transactions without reliance on the Interface. Use of the Interface is optional and does not alter the decentralized nature of the Protocol.

1.3 Non-Custodial Use

Neither the Interface nor the Protocol is custodial. The Company does not hold, manage, access, or control user funds, private keys, wallets, or credentials. All transactions are initiated by users and executed on-chain.

2. ELIGIBILITY AND RESTRICTED PERSONS

2.1 Eligibility

By accessing or interacting with the Interface or Protocol, the user represents and warrants that:

• the user has reached the legal age of majority in the applicable jurisdiction;

• the user has full legal capacity to enter into these Terms; and

• such access and interaction is lawful under applicable laws and regulations.

2.2 Restricted Persons

Access to or use of the Interface or Protocol is prohibited for “Restricted Persons,” including, without limitation:

• persons located in jurisdictions where derivatives or leveraged trading is restricted or prohibited;

• persons subject to economic or trade sanctions; and

• any jurisdiction designated as restricted from time to time.

The user bears sole responsibility for compliance with applicable laws.

3. HIGH-RISK DISCLOSURE

3.1 General Risk Statement

Interaction with the Protocol involves substantial financial risk, including the risk of complete and permanent loss of digital assets. The Protocol enables leveraged trading, including extreme leverage, which may result in rapid and total liquidation.

3.2 Market and Liquidation Risks

Risks include, but are not limited to:

• extreme market volatility;

• sudden or cascading liquidation events;

• funding rate fluctuations;

• slippage and execution variance;

• forced position closures; and

• losses exceeding initial collateral under certain conditions.

3.3 Oracle and Pricing Risks

The Protocol relies on oracle systems and external data sources. Risks include, but are not limited to:

• inaccurate, delayed, manipulated, or unavailable oracle data;

• pricing discrepancies or stale prices;

• divergence from external reference markets; and

• unexpected liquidations or losses caused by pricing anomalies.

No assurance is provided regarding pricing accuracy, integrity, or continuity.

3.4 Smart Contract, System, and Exploit Risks

Use of the Protocol involves risks inherent to decentralized systems, including, but not limited to:

• smart contract vulnerabilities or undiscovered bugs;

• economic exploits or adversarial trading strategies;

• network congestion, forks, rollbacks, or failures;

• unexpected system behavior during abnormal or stressed market conditions; and

• losses resulting from exploits, attacks, or design limitations.

4. NO WARRANTIES

THE INTERFACE AND THE PROTOCOL ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. TO THE MAXIMUM EXTENT PERMITTED BY LAW, ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND NON-INFRINGEMENT, ARE DISCLAIMED.

5. USER RESPONSIBILITIES

The user is solely responsible for:

• safeguarding private keys, wallets, and credentials;

• understanding the mechanics of leverage, margin, and liquidation;

• verifying all transaction details prior to submission; and

• determining and complying with applicable tax obligations.

All blockchain transactions are final and irreversible.

6. PROHIBITED ACTIVITIES

Prohibited activities include, but are not limited to:

• market manipulation, wash trading, spoofing, or oracle interference;

• exploitation of bugs, vulnerabilities, or unintended protocol behavior;

• circumvention of safeguards or restrictions;

• unlawful, fraudulent, or deceptive conduct; and

• automated abuse or denial-of-service activity.

7. NO PROFESSIONAL ADVICE

Information provided through the Interface or Protocol is for informational purposes only and does not constitute financial, investment, legal, or tax advice. No fiduciary, advisory, brokerage, or client relationship is created.

8. LIMITATION OF LIABILITY

To the maximum extent permitted by law:

• the Company shall not be liable for indirect, incidental, consequential, special, or punitive damages;

• the Company shall not be liable for losses arising from trading, liquidations, oracle failures, exploits, or third-party actions; and

• aggregate liability shall not exceed USD $100.

9. RELEASE AND INDEMNIFICATION

The user irrevocably releases the Company, its affiliates, contributors, developers, and service providers from all claims arising from use of the Interface or Protocol. The user agrees to indemnify and hold harmless the foregoing parties from any claims or liabilities arising from the user’s actions or violations of these Terms or applicable law.

10. MODIFICATIONS

The Company may modify these Terms at any time. Continued access to or interaction with the Interface or Protocol constitutes acceptance of the modified Terms.

11. GOVERNING LAW, ARBITRATION, AND WAIVERS

These Terms are governed by the laws of the British Virgin Islands, without regard to conflict-of-law principles. Any dispute shall be finally resolved by binding arbitration in Singapore, conducted in English, under the rules of the Singapore International Arbitration Centre (SIAC). CLASS ACTION WAIVER. All claims must be brought on an individual basis. The user waives any right to participate in class actions, collective actions, or representative proceedings. JURY TRIAL WAIVER. The user knowingly and irrevocably waives any right to a trial by jury in any proceeding arising out of or relating to these Terms, the Interface, or the Protocol.

12. MISCELLANEOUS

12.1 Entire Agreement.

These Terms constitute the entire agreement between the user and the Company with respect to access to and use of the Interface and the Protocol and supersede all prior or contemporaneous agreements or understandings.

12.2 Amendments.

These Terms may be amended, updated, or modified at any time at the Company’s discretion. Any such changes shall be effective immediately upon publication or otherwise being made available. Continued access to or interaction with the Interface or the Protocol after such changes constitutes acceptance of the updated Terms.

12.3 Severability.

If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.

12.4 Assignment.

The user may not assign or transfer any rights or obligations under these Terms without prior written consent. The Company may assign or transfer these Terms without restriction.

12.5 No Waiver.

Failure to enforce any provision of these Terms shall not constitute a waiver of such provision or any other provision.