This Lending Service Agreement (“Agreement”) forms part of the LUMARI Exchange Terms of Use (“Terms of Use”). Unless otherwise specified in this Agreement, all terms used herein shall have the meanings defined in the Terms of Use. For any matters not expressly addressed in this Agreement, the provisions of the Terms of Use shall prevail.

This Agreement constitutes a contract between the operators of LUMARI Exchange and its users, outlining the provision of capital verification and currency borrowing services (“Service”) and the associated fee structure. Through this Service, LUMARI Exchange addresses users’ needs for holding and utilizing specific digital currencies and other digital assets. To access currency lending services, users are required to provide corresponding digital asset guarantees (“Capital Verification Assets”) as a prerequisite. For ease of reference, “we” shall refer to LUMARI Exchange and its operators, while “you” refers to the individual user who utilizes the Service and enters into this Agreement.

Please read the entire content of this Agreement carefully. You may only use the Service after fully reading, understanding, and agreeing to all terms. Your use of any service provided by the LUMARI Exchange Capital Verification and Lending Platform constitutes your acknowledgment, understanding, and acceptance of all terms in this Agreement and the Terms of Use, including any modifications or updates we may make to this Agreement at any time.

Risk Disclosure Statement

Your use of the Service involves high transaction risks. To help you better understand these risks, please read the following warnings carefully:

1.1 Digital Asset and Transaction Risks

The digital asset market is relatively new and still evolving. It is currently dominated by speculative activity with limited retail or commercial use. Digital asset trading carries high risks, operates continuously without price limits and is highly sensitive to market makers, speculators and government policies. You acknowledge and agree that investing or trading in digital assets may result in partial or total loss of your assets. You should determine the extent of your participation based on your risk tolerance and accept full responsibility for any resulting economic losses.


1.2 Legal and Regulatory Risks

Due to changes in laws, regulations, or policies across jurisdictions, digital asset transactions may be suspended or prohibited at any time. You acknowledge and agree that all risks, losses, or consequences arising from such changes are solely your responsibility.

1.3 Privacy Risks

To comply with global and local regulatory standards including anti-money laundering (AML), know-your-customer (KYC), and counter-terrorism financing (CTF) requirements, we may be required to disclose your account information, assets, or transaction data to government authorities upon request. You acknowledge and agree that any resulting privacy breaches or asset losses are solely your responsibility. Please refer to our Privacy Statement for further details.


1.4 Information and Market Risks

Given the volatility and complexity of digital asset markets, we recommend seeking professional guidance before trading. We do not provide investment or trading advice. You acknowledge and agree that any advice or information received from third parties is not affiliated with us, and you bear all associated risks and consequences.

1.5 Internet and Technology Risks

We cannot guarantee that the Service or related digital assets and data will be free from interference or damage caused by malicious software, viruses, or system failures. Network availability and stability are beyond our control. You acknowledge and agree that any delays, interruptions, or deviations in Service performance due to technical issues or force majeure events are solely your responsibility.


1.6 Risks of Concurrent Participation in Lending and Locking Services

Users may access both the capital verification and currency borrowing services, as well as the coin locking service offered on the LUMARI Exchange platform. Participation in these services is entirely voluntary. You acknowledge and agree to bear all risks, liabilities, and losses resulting from your use of these services. You further confirm that you understand the substantial risks involved, including the potential loss of all digital assets and the possibility of additional repayment obligations.

We disclaim all liability for losses incurred by the platform due to your participation. If the platform suffers losses or is held liable due to your use of these services, you agree to indemnify us and bear all related liabilities. We reserve the right to take necessary remedial actions, including but not limited to freezing or deducting digital assets from your LUMARI Exchange account or other linked accounts.


1.7 Force Majeure Risks

Events such as system maintenance, power outages, severe weather, epidemics, accidents, political unrest, wars, government actions, judicial orders, or other circumstances beyond our control may result in service suspension, delay, or termination. You acknowledge and agree that all resulting risks and losses are solely your responsibility.

1.8 Other Risks

1.8.1 You acknowledge and agree that we have full management rights over your LUMARI Exchange account and Capital Verification Assets during the provision of the Service. Under certain conditions, we may initiate forced liquidation. Any resulting economic losses are solely your responsibility.

1.8.2 If in our sole discretion, we determine that you have violated this Agreement or that your use of the Service is unlawful under applicable laws, we reserve the right to suspend or terminate your access at any time. You bear all risks and consequences arising from such actions.


1.9 Final Acknowledgment

You acknowledge and agree that your participation in capital verification and currency borrowing on our platform is a voluntary transaction. You are responsible for evaluating your financial situation and the risks outlined above before using the Service. This risk disclosure does not cover all potential risks. We disclaim liability for any additional risks or adverse outcomes not caused by our gross negligence.

2. Service Terms of Use

Your use of this Service indicates that you have read, understood, and agreed to the following terms:


2.1 User Obligations

2.1.1 Verification Before using this Service, you must meet the eligibility requirements outlined in the Terms of Use, as well as any applicable global or regional standards or policies. You may be required to complete verification procedures, which may include providing your name, phone number, email address, proof of identity, social media account details, and documentation regarding the source of your digital assets. You authorize us to verify this information directly or through third parties. You must ensure that all information provided is accurate and up to date. If any changes occur, you are responsible for updating your information promptly. If we determine that any information is false, inaccurate, incomplete, or misleading, we reserve the right to request corrections, delete such information, and suspend or terminate your access to the Service. You are solely responsible for any resulting losses.


2.1.2 Account Establishment

Upon successful verification and review, you may begin using the Service through your LUMARI Exchange account. You are responsible for safeguarding your account credentials. LUMARI Exchange shall not be liable for any unauthorized use of your account unless otherwise stated in this Agreement.

2.1.3 Capital Verification Account Use

Your LUMARI Exchange account and capital verification privileges are for your personal use only. You may not transfer, lend, rent, or otherwise allow third-party access without our prior written consent. We reserve the right to suspend, freeze, or cancel accounts used by unauthorized parties. If you suspect unauthorized access to your account, you must notify us immediately. We are not liable for any losses resulting from unauthorized use of your account.


2.1.4 Account Security

We implement industry-standard security measures to protect capital verification assets. However, you are responsible for maintaining the confidentiality of your login credentials and securing your account. If you authorize a third party to operate a sub-account, you assume full responsibility for their actions and any resulting consequences.

2.1.5 Asset Legitimacy and Use

You represent and warrant that the source of your capital verification assets is lawful and that your use of borrowed currency complies with applicable laws and the Terms of Use.


2.2 Borrowing and Capital Verification

2.2.1 Service Guidelines

Before using this Service, you must review and agree to the operational rules outlined in “How to Use the Capital Verification and Borrowing Service” and the “LUMARI Exchange Capital Verification and Currency Loan Service FAQ.” These include, but are not limited to, the initial capital verification rate, margin requirements, interest rates, borrowing periods, and liquidation thresholds.

2.2.2 Asset Transfer and Lending

To initiate borrowing, you must transfer the required capital verification assets to your LUMARI Exchange account. Upon confirmation of receipt, we will automatically disburse the corresponding borrowed currency.


2.2.3 Borrowing Period

Unless otherwise specified, you may choose your borrowing period, up to a maximum of 180 days. You acknowledge that longer borrowing periods may incur higher interest and fees.

2.2.4 Withdrawal Restrictions

Unless otherwise agreed, you may not withdraw funds or capital verification assets from your account until all borrowed currency, interest, and applicable fees have been repaid. You may, however, add additional capital verification assets to reduce liquidation risk.


2.3 Our Rights

2.3.1 Interest and Fees

We reserve the right to charge interest and related fees as published in our official rules. You agree to pay all such charges in accordance with our requirements.

2.3.2 Risk Control Measure

 In the event of market fluctuations or risk conditions, we may implement risk control measures, including liquidation of capital verification assets. “Liquidation” refers to our right to sell or discount your capital verification assets to recover the principal, interest, and fees owed. This may be done through crypto or fiat trading channels. We will publish details of such actions in the relevant service documentation. You agree that we may manage your capital verification assets at our sole discretion, including closing positions and recovering amounts owed. If losses remain after liquidation, we reserve the right to pursue additional remedies, including freezing or deducting assets from your LUMARI Exchange or linked accounts, and seeking legal recourse.

2.3.3 Notifications

We may, but are not obligated to, notify you of risks or account actions via SMS, email, or in-app messages.

2.4 Suspension or Termination

We reserve the right to suspend or terminate this Service at any time if deemed necessary or reasonable. To the fullest extent permitted by law, we disclaim any liability for such actions.

2.5 Amendments and Third-Party Cooperation

We may revise this Agreement and related business rules in accordance with applicable laws or at our discretion. You are responsible for reviewing updates.

If you disagree with any changes, you must cease using the Service, repay all borrowed amounts, and settle outstanding fees.

LUMARI Exchange may cooperate with third-party lending institutions. During the loan period, your account will be considered collateralized and in a mortgaged state. You must repay the loan in full before withdrawing funds.

Three others

We will adjust this Agreement and related LUMARI  Exchange business rules from time to time in accordance with applicable laws and regulations, or when we deem necessary or reasonable. You should review this Agreement and related

LUMARI  Exchange Business Rules and pay attention to their revisions. If you do not agree with the revised content, you should immediately stop using this service, repay the borrowed digital currency, and pay the unpaid interest and fees. In an updated version of this Agreement and related LUMARI  Exchange Business Rules