Terms and Conditions

HyENA PLATFORM TERMS OF USE

These Terms of Use (“Terms”) govern your access to and use of the website and application available at www.hyena.trade, and any related software interface, documentation, tools, content, or functionality (collectively, the “Interface”), operated by or on behalf of Based Technologies Limited, a company incorporated in the British Virgin Islands (“Company”, “we”, “us”, or “our”).

Please read these Terms carefully, as they contain important information about your legal rights and obligations. By connecting a wallet, accessing, or using the Interface, you confirm that you have read, understood, and agree to be bound by these Terms. If you do not agree, you must not access or use the Interface.

For purposes of these Terms, “you” and “your” mean the individual or entity using the Interface. If you use the Interface on behalf of a company or other legal entity, you represent and warrant that (a) you are duly authorised to bind that entity to these Terms, and (b) all references to “you” in these Terms shall include that entity.

WE ARE NOT A CRYPTOCURRENCY EXCHANGE. We do not offer, operate, or maintain any centralized or decentralised exchange. We do not broker, match, execute, or clear trades, and do not custody, hold, or control user funds at any time.

1. ELIGIBILITY AND ACCEPTANCE

1.1. You may use the Interface only if you are at least the age of majority in your jurisdiction of residence and are not otherwise prohibited from doing so under applicable law. You represent and warrant that you have the full right, power, and authority to enter into and comply with these Terms on behalf of yourself and, if applicable, any company or other legal entity for which you access or use the Interface. If you are entering into these Terms on behalf of an entity, you further represent and warrant that you have the legal authority to bind such entity to these Terms, and all references to “you” in these Terms shall include such entity.

1.2. Prohibited Persons and Jurisdictions: You may use the Interface only if you are not a Prohibited Person. A “Prohibited Person” means any individual or entity that:

(a) appears on, or is owned or controlled by any person appearing on, any list of sanctioned or restricted parties maintained by the United Nations, the United States (including the Office of Foreign Assets Control – OFAC Specially Designated Nationals List and the U.S. Department of Commerce Entity List), the European Union, or the United Kingdom (HM Treasury Consolidated List);

(b) is located, organised, or resident in any country or territory that is the subject of comprehensive trade or economic sanctions, including, without limitation, Cuba, Iran, North Korea, Syria, Russia, Belarus, and the Donetsk and Luhansk regions of Ukraine, or any other jurisdiction designated from time to time by the authorities listed in paragraph (a);

(c) is otherwise a person or entity with whom the Company is prohibited from dealing under applicable law; or

(d) uses, or attempts to use, the Interface on behalf of or for the benefit of any of the foregoing;

(e) resident of the United States of America

Last Revised: 31 October 2025

1.3. The Company may implement technical and procedural measures, including IP-based geolocation or wallet-screening tools, to detect and restrict access by Prohibited Persons. By accessing or using the Interface, you represent and warrant that you are not a Prohibited Person and that you will not use the Interface to conduct or facilitate transactions involving Prohibited Persons or jurisdictions.

1.4. No Circumvention. You must not use VPNs, proxies, or other methods to evade geo-blocking, sanctions, or eligibility controls.

2. PROHIBITED ACTIVITIES

2.1. You agree that you shall not use, or attempt to use, the Interface in any manner that violates these Terms, any applicable law or regulation, or the rights of any third party. Without limitation, you must not:

(a) Unlawful Conduct: use the Interface to engage in, promote, or facilitate any activity that is illegal, fraudulent, or otherwise prohibited under applicable law, including money laundering, terrorist financing, or sanctions violations;

(b) Sanctions Evasion: access or use the Interface if you are a Prohibited Person or from a jurisdiction subject to comprehensive sanctions, or use VPNs, proxies, or other technical means to circumvent geo-blocking or access controls;

(c) Market or Protocol Abuse: interfere with, disrupt, or attempt to exploit the operation or integrity of any blockchain network, Protocol, or smart contract accessed via the Interface, including engaging in front-running, sandwich attacks, wash trading, spoofing, or manipulative trading behaviour;

(d) Cybersecurity and Exploitation: probe, scan, or test the vulnerability of the Interface or any network connected to it, introduce malware or harmful code, or attempt to gain unauthorised access to any system, account, or data;

(e) Automated Access: use bots, scripts, or automated tools (other than API endpoints we explicitly authorise) to access, query, or interact with the Interface;

(f) Data Misuse: harvest or collect data or information from the Interface or from other users without consent, or use any scraping, indexing, or mirroring techniques;

(g) Intellectual Property Infringement: copy, reproduce, modify, distribute, or create derivative works from the Interface, its content, or any proprietary materials without our prior written consent;

(h) Misrepresentation: impersonate any person or entity, misstate or misrepresent your affiliation, or provide false or misleading information;

(i) Network Abuse: overload, interfere with, or disrupt the normal functioning of the Interface, any blockchain network, or any third-party infrastructure relied upon by the Interface; and

(j) Other Improper Conduct: engage in any other activity that, in the Company’s reasonable judgment, poses a risk of harm, liability, or reputational damage to the Company, other users, or the integrity of any blockchain network.

Last Revised: 31 October 2025

2.2. Any breach of this Section constitutes a material breach of these Terms and may result in the immediate suspension or termination of your access to the Interface, without prejudice to any other rights or remedies available to the Company.

3. USE OF INTERFACE AND INTELLECTUAL PROPERTY RIGHTS

3.1. The Company grants you a limited, revocable, non-exclusive, non-transferable, and non sublicensable licence to access and use the Interface and its content solely for your personal, non-commercial purposes, subject to these Terms. This licence is limited to the extent necessary to use the Interface as intended and does not convey any ownership or other rights in the Interface, any software, or any intellectual property of the Company or its licensors. The Company reserves all rights not expressly granted.

3.2. You must not copy, reproduce, modify, distribute, transmit, or create derivative works from any part of the Interface or its content, decompile or reverse-engineer any software made available through the Interface, remove or alter any copyright or proprietary notices, or use any automated means, bot, crawler, or scraper to access the Interface. You must not introduce any malware or harmful code or interfere with the operation of the Interface or any network connected to it.

3.3. The Interface, including its software, design, text, graphics, images, trademarks, service marks, and logos, is and shall remain the exclusive property of the Company or its licensors. Nothing in these Terms grants you any ownership, licence, or other rights in the Interface, any Protocols, or any intellectual property of the Company or its licensors.

3.4. The licence granted under this Section terminates automatically upon any breach of these Terms or upon termination of your access to the Interface.

4. NON-CUSTODIAL INTERFACE

4.1. The Interface is one, but not the exclusive, means of reading from and writing to decentralized blockchain protocols, including but not limited to the Hyperliquid network (collectively, the “Protocols”). The Interface is distinct from the Protocols and operates independently of them. The Company does not own, operate, or control the Protocols or any blockchain validators, and cannot modify, stop, or reverse any on-chain transaction.

4.2. By initiating a transaction through the Interface, you instruct the Company solely to prepare transaction data for your review and digital signature. Once you sign the transaction using your connected wallet, the transaction is transmitted to the relevant blockchain network directly by your wallet, under your exclusive control. The Company does not transmit, broadcast, execute, submit, relay, or otherwise process transactions on your behalf, and does not act as your agent, broker, intermediary, or counterparty.

4.3. Blockchain transactions are irreversible once confirmed by the network. You are responsible for maintaining your own records of on-chain activity and for meeting any applicable tax or regulatory obligations. The Company makes no representation that any records accessible via the Interface will be permanently available.

4.4. The Company does not hold or have access to private keys or recovery phrases and cannot restore access to any wallet.

4.5. The Interface may rely on external infrastructure and integrations, which are described further in Section 5 (Third-Party Components and Integrations).

Last Revised: 31 October 2025

5. THIRD-PARTY COMPONENTS AND INTEGRATIONS

5.1. The Interface may rely on, integrate with, or provide access to third-party services, software, or infrastructure, including without limitation non-custodial wallets, remote procedure call (RPC) providers, data partners, oracles, bridges, cloud infrastructure, analytics tools, and blockchain protocols such as Hyperliquid.

5.2. You acknowledge that Third-Party Components are operated and maintained by independent third parties and are not under the control of the Company. The Company does not own, operate, or guarantee the performance, accuracy, availability, reliability, or security of any Third-Party Component, and makes no representation or warranty of any kind in respect thereof.

5.3. You agree that the Company shall not be responsible for any loss arising from or relating to any Third-Party Component integrated with the Interface, and such matters are subject to the indemnity under Section 8.

6. RISK DISCLOSURE

6.1. You represent and warrant that you are financially and technically sophisticated, have a working understanding of digital assets and blockchain technology, and are capable of evaluating and bearing the risks associated with their use. You acknowledge and accept that the use of cryptographic and blockchain-based systems involves inherent risks, many of which are beyond the control of the Company.

6.2. Not Legal Tender. Digital assets accessible through the Interface are not legal tender and are not backed by any government or central bank. There is no assurance that any person or merchant will accept digital assets as payment in the future. The value of digital assets is determined by supply and demand in the market and may fluctuate significantly.

6.3. Market and Volatility Risks. You understand that the markets for digital assets are nascent, highly volatile, and subject to substantial uncertainty. Factors such as adoption rates, speculation, technology changes, security vulnerabilities (including smart-contract bugs, oracle or bridge failures, and front-running risks), and changes in regulatory treatment may materially affect asset values or the availability of the Interface.

6.4. Liquidity Risk. Digital assets may have limited or no liquidity in certain market conditions, which may make it difficult or impossible for you to sell, transfer, or realise value when desired.

6.5. Leverage. Certain functionalities accessible through or displayed on the Interface may involve leveraged trading or other advanced modes. You understand that the use of leverage or advanced tools can result in the rapid and total loss of your position or collateral. You should not engage in such activities unless you fully understand their mechanics and risk implications.

6.6. No Brokerage, Advice, or Execution Guarantee. The Company does not broker orders, route transactions to competing venues, or guarantee best price or best execution. All transactions initiated through the Interface occur directly on decentralized networks at your own discretion and risk. The Company does not provide investment, legal, tax, or financial advice of any kind.

6.7. No Advice or Fiduciary Duties. You acknowledge that all information provided through the Interface is for general informational purposes only and does not constitute investment, trading, legal, tax, or other professional advice. The Company does not make any recommendation or endorsement regarding any digital asset, transaction, or trading strategy. You are solely

Last Revised: 31 October 2025

responsible for conducting your own due diligence and for evaluating the merits and risks of any transaction. Nothing in these Terms or your use of the Interface creates or shall be deemed to create any fiduciary, advisory, agency, or similar relationship between you and the Company.

6.8. Display of Valuations. The Interface may display the notional or approximate value of digital assets or transactions in United States dollars (“USD”) or other fiat currency equivalents for convenience and informational purposes only. Such displayed values are estimates based on market data, exchange rates, or third-party sources and do not represent actual fiat currency balances, legal tender, or redeemable value held by the Company. The Company does not guarantee the accuracy, availability, or timeliness of any displayed valuation and disclaims all liability arising from reliance on such information.

6.9. Regulatory Risk. The legal and regulatory treatment of digital assets remains uncertain in many jurisdictions. Changes in law, regulation, or enforcement may adversely affect the use, transfer, or value of digital assets or the availability of the Interface.

6.10. Service Interruptions. The Interface and associated networks may be subject to unplanned outages, congestion, or maintenance. The Company does not guarantee continuous, error-free, or uninterrupted access to the Interface.

6.11. Taxation. You are solely responsible for determining and complying with any tax obligations applicable to your use of the Interface and digital assets, and for reporting and paying any taxes arising therefrom.

6.12. The above list of risks is not exhaustive; other risks, known or unknown, may arise from the use of digital assets or blockchain technology.

6.13. You are solely responsible for all network (gas) fees and any third-party or Protocol-level fees incurred through use of the Interface.

6.14. You expressly assume full responsibility for all risks associated with your use of the Interface and any digital assets. The Company disclaims all liability for any loss, including total loss of value, resulting from such risks.

7. MARKETING

7.1. From time to time, the Company may make available certain promotional rewards, rebates, incentives or similar benefits (collectively, the “Rewards”) to eligible users of the Interface.

7.2. All Rewards are provided as discretionary marketing and promotional expenses. Rewards do not represent or constitute any yield, return, interest, profit-sharing, or income of any kind. Participation in any Rewards program shall not be construed as an offer, solicitation, or promise of future income. Users are strongly encouraged to exercise independent judgment and consult their own legal, tax, and financial advisers before engaging with any promotional activity on the Platform. Rewards are issued purely as promotional activity and do not constitute the provision of financial services or regulated products. Rewards have no cash or redeemable value.”

7.3. Users acknowledge and agree that they have no contractual or proprietary entitlement to receive any rewards. The eligibility of any user for Rewards is determined in the sole and absolute discretion of the Company. The Company reserves the right, in its sole discretion, to modify, suspend or terminate any Rewards program at any time without advance notice.

Last Revised: 31 October 2025

7.4. Certain users may be eligible to receive affiliate or referral-based payouts (“Affiliate Payouts”) through the Interface. Affiliate Payouts must be claimed manually by the user within one hundred and eighty (180) days from the date on which they become available, failing which any unclaimed amount shall be forfeited without further obligation on the part of the Company. The Company retains the right, in its sole discretion, to withhold, delay, or deny any Affiliate Payout that it determines to be erroneous, fraudulent, obtained in breach of these Terms, or otherwise inconsistent with the purpose of the relevant promotion.

8. INDEMNITY

8.1. You agree to indemnify, defend, and hold harmless Based Technologies Limited, its affiliates, and their respective directors, officers, employees, contractors, and agents from and against any and all claims, demands, actions, proceedings, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or in connection with:

(a) your access to or use of the Interface;

(b) any breach by you of these Terms or of any applicable law or regulation; or

(c) any act, omission, or misrepresentation made by you in connection with your use of the Interface or any Third-Party Component.

8.2. This indemnity shall survive the termination of these Terms and your use of the Interface.

9. LIMITATION OF LIABILITY

9.1. To the maximum extent permitted by law, neither the Company nor any of its affiliates, directors, officers, employees, contractors, agents, or service providers shall be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenues, goodwill, data, or use, arising out of or in connection with your access to or use of the Interface. You agree that any claims arising out of or related to your use of the Interface may be brought only against the Company and not against any individual director, officer, employee, contractor, agent, or representative.

9.2. The aggregate liability of the Company for all claims arising out of or relating to these Terms or the Interface shall not exceed the greater of one hundred United States dollars (USD 100) or the total amount actually paid by you to the Company for the Interface in the three (3) months preceding the event giving rise to such liability.

9.3. These limitations apply to all legal theories of liability, whether in contract, tort (including negligence), or otherwise, and shall apply even if any remedy fails of its essential purpose. Nothing in these Terms shall exclude or limit any liability that cannot lawfully be excluded or limited under applicable law.

9.4. Any claim arising out of or in connection with these Terms must be commenced within twelve (12) months after the cause of action accrues, failing which such claim is permanently barred.

10. DISCLAIMER OF WARRANTIES

The Interface, and all information, content, and functionality provided through it, are made available on an “as is” and “as available” basis. To the fullest extent permitted by law, the Company disclaims all representations and warranties, whether express, implied, statutory, or otherwise, including any implied warranties of merchantability, fitness for a particular purpose, non-infringement, title, availability, reliability,

Last Revised: 31 October 2025

or accuracy. The Company does not warrant that the Interface or any underlying technology or Third Party Component will be uninterrupted, error-free, secure, or free of viruses or other harmful components. You acknowledge that you use the Interface entirely at your own risk. Nothing in this Section limits or excludes any liability which cannot lawfully be limited or excluded.

11. DISPUTE RESOLUTION

These Terms are governed by the laws of the British Virgin Islands. Any dispute, controversy, or claim arising out of or relating to these Terms, including any question regarding their existence, validity, or termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the SIAC Rules in force when the Notice of Arbitration is submitted, which rules are deemed incorporated by reference into this clause. The seat of arbitration shall be Singapore, the language of the arbitration shall be English, and the tribunal shall consist of one (1) arbitrator.

12. MISCELLANEOUS

12.1. Entire Agreement: These Terms constitute the entire agreement between you and the Company regarding the Interface and supersede any prior or contemporaneous agreements

12.2. Feedback. You grant the Company a perpetual, irrevocable, worldwide, royalty-free license to use, copy, modify, distribute, and commercialize any feedback, suggestions, or ideas you provide, without attribution or compensation.

12.3. Changes. We may amend these Terms by posting an updated version with a new “Updated” date. Material changes will be signposted in-app or on our site. Changes take effect upon posting (or a later date we specify). Your continued use after the effective date constitutes acceptance.

12.4. Assignment. You may not assign or transfer rights or obligations without our prior written consent. We may assign freely, including to an affiliate, successor, or purchaser of assets or control.

12.5. Severability; No Waiver. If any provision is unenforceable, the remaining provisions remain in effect. No failure or delay to enforce any provision constitutes a waiver.

12.6. Language. These Terms are in English. Any translation is for convenience only; the English version controls.

12.7. Force Majeure. We are not liable for delay or failure to perform due to events beyond our reasonable control, including natural disasters, pandemics, war, terrorism, civil unrest, regulatory action, strikes, labour disputes, power or internet outages, DNS or CA/PKI failures, validator/miner failures, or network or system attacks.

12.8. Relationship of the Parties. Nothing in these Terms shall be construed as creating any partnership, joint venture, agency, employment, or fiduciary relationship between you and the Company. You acknowledge that you are acting on your own behalf and not as an agent or representative of the Company, and you have no authority to bind the Company in any way.

12.9. Termination: The Company may suspend or terminate your access to the Interface at any time, with or without notice, if it reasonably believes you have breached these Terms, applicable law, or are a Prohibited Person. Upon termination, your right to use the Interface ceases immediately.

Last Revised: 31 October 2025

12.10. Survival. Any provision of these Terms which by its nature is intended to survive termination, including without limitation those relating to intellectual property rights, disclaimers, indemnities, limitations of liability, dispute resolution, and governing law, shall survive and continue in full force and effect notwithstanding any termination or expiry of these Terms or your use of the Interface.

12.11. Notices. All notices under these Terms must be in writing. The Company does not provide email based communication. Notices to you may be delivered (a) in-app, (b) by posting on hyena.trade, or (c) by publication through the Company’s verified social media accounts. Notices delivered through these methods are deemed received at the time of publication or transmission. Electronic delivery through any such channel satisfies all requirements for written notice under applicable law.