Ducat Protocol Terms of Service

Last Updated: August 01, 2025

Introduction

These Ducat Protocol Terms of Service (together with all appendices and exhibits hereto, which are hereby incorporated by reference, these "Terms," "Terms of Service," or this "Agreement") explain the terms and conditions by which you, whether personally or on behalf of an entity ("you"), may access and use the software products and services (the "Services") provided by Ducat Protocol Inc. (hereinafter referred to as "Ducat Protocol" "we," "us," and "our"), registered in the British Virgin Islands under company number 2146148, to interact with the non-custodial, blockchain-based software protocol known as the "Ducat Protocol," as described below. The Services shall include, but shall not necessarily be limited to, the website, https://ducatprotocol.com (the "Website"), and https://app.ducatprotocol.com, a website-hosted user interface, as well as any other websites, apps, interfaces or dashboards, available through the ducatprotocol.com domain, its subdomains, or any other means (the "Interface" or "Web App"). Please read these Terms of Service carefully as they govern your use of the Services.

You Are Entering Into a Binding Agreement

By accessing, using or interacting with the Services in any way, including by connecting your digital wallet address to the Interface, you represent that you have read, understand, acknowledge, and agree that you are entering into a binding legal agreement with us that includes these Terms and the Privacy Policy in their entirety. If you do not agree to be bound, you are not authorized to access, and should not use, any of the Services.

Technical Services Only

The Services include technical and administrative services that enable users to access and interact with the fully non-custodial, decentralised Ducat Protocol on the Bitcoin blockchain. The Interface allows users to submit transactions to on-chain, deterministic protocol logic enforced by Bitcoin's scripting system and network consensus rules. That logic is open source, operates autonomously on Bitcoin, and is not operated or controlled by Ducat Protocol Inc. The Services are distinct from the Ducat Protocol and provide one, but not the exclusive, means of accessing it.

Binding Arbitration; Class Action and Jury Trial Waiver

PLEASE BE AWARE THAT SECTION 5 GOVERNS THE RESOLUTION OF DISPUTES BETWEEN YOU AND US. SECTION 5 INCLUDES AN AGREEMENT TO ARBITRATE, WHICH REQUIRES, WITH LIMITED EXCEPTIONS, THAT ALL DISPUTES BETWEEN YOU AND US SHALL BE RESOLVED BY BINDING AND FINAL ARBITRATION.

SECTION 5 ALSO CONTAINS A CLASS ACTION AND JURY TRIAL WAIVER. PLEASE READ SECTION 5 CAREFULLY.

Amendment of These Terms

We reserve the right, in our sole discretion, to amend or modify these Terms at any time. If and when we make changes, we will provide you with notice of such changes by updating the date reflected at the top of these Terms. All amendments will be effective when they are posted, and your continued use of the Services thereafter will constitute your acceptance of such revised Terms. If you do not agree with any such amendment, you must immediately stop accessing the Interface and terminate your use of the Services.

Acknowledgement of Risk

Please refer to the User Risk Documentation for information on the potential risks of engaging with the Services. By using the Services, you acknowledge that blockchain technologies and associated assets are highly volatile, experimental, and carry significant risks, including but not limited to total loss of value, security breaches, regulatory changes, and operational failures. You agree that you are solely responsible for evaluating these risks and that Ducat Protocol Inc. provides no guarantees or assurances regarding the performance, security, or availability of the Services or the Ducat Protocol.

Eligibility

To be eligible to access or use any of the Services, you must be at least the age of majority in the jurisdiction in which you reside, and you must have legal capacity, full right, power, and authority to enter into these Terms and be bound by them. If you are accessing or using the Interface on behalf of an entity, you represent that you have the legal authority to bind such entity.

There are certain features which may or may not be available to you depending on your location or other criteria. You must not reside in a jurisdiction where the transfer or holding of cryptoassets is illegal or would require a license or authorization that you do not hold. You further represent that you are not: (i) the subject of economic or trade sanctions administered or enforced by any government authority or otherwise designated on any list of prohibited or restricted parties; (ii) in contravention of any laws or regulations pertaining to anti-money laundering or terrorist financing; (iii) included in the list of Specially Designated Nationals and Blocked Persons maintained by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") or on any list pursuant to European Union ("E.U.") or United Kingdom ("U.K.") regulations; or (iv) operationally based or domiciled in a country or territory in which sanctions imposed by the United Nations, OFAC, the E.U, the U.K., or the British Virgin Islands apply.

We reserve the right to limit or block your ability to use the Services where your use is prohibited by any applicable domestic or foreign law, rule, statute, regulation, bylaw, order, protocol, code, decree, directive, requirement, or guideline. If we become aware of any violation of these Terms, we reserve the right to prohibit you from using the Services immediately and without prior notice and to report this violation to the relevant regulatory authorities and/or law enforcement, as necessary. This right extends to where we have reasonable grounds to suspect that a prohibition outlined herein may apply. We may also take any additional actions that we deem appropriate to comply with applicable law.

By using the Services, you represent and warrant that you meet the requirements contained in these Terms. As a condition to using the Services, you further represent and warrant to us that:

Certain functionalities of the Web App, including vault creation, UNIT minting, and liquidation auctions are subject to geographical restrictions and are unavailable in specific jurisdictions including the United States.

Furthermore, the trade or swap features are explicitly restricted in all European Union member states.

Users residing in these restricted jurisdictions are provided a limited version of the Web App and are expressly prohibited from accessing or attempting to access any restricted features.

1. The Services

1.1 The Interface

The Interface provides both web and mobile access to the fully non-custodial, blockchain-based software protocol known as the "Ducat Protocol," which operates on the Bitcoin blockchain. The Interface is distinct from the Ducat Protocol and is one, but not the exclusive, means of accessing the Ducat Protocol. The Ducat Protocol consists of open-source, deterministic transaction rules encoded in Bitcoin scripts and executed by the network that are currently deployed on the Bitcoin blockchain. For the avoidance of doubt, Ducat Protocol Inc. does not control or operate any version of the Ducat Protocol on any blockchain network and the Ducat Protocol is not part of the Services. You may access the Interface via your non-custodial digital wallet, which allows you to directly interact with public blockchains. Your use of a non-custodial digital wallet is governed by the applicable terms of service of the third-party digital wallet provider.

New versions and upgrades to the Ducat Protocol may be released from time to time, subject to the independent governance rules of the Ducat Protocol. The Services may not be compatible with prior, abandoned or outdated versions of the Ducat Protocol. Ducat Protocol Inc. undertakes no responsibility or obligation to update or maintain the Interface to support legacy versions of the Ducat Protocol. The Services may also become degraded or unexpectedly unavailable at times. To the extent you are using the Services to interact with the Ducat Protocol, this could result in delays in accessing the Ducat Protocol and your funds. We assume no responsibility or liability for any loss of, or delayed access to, your funds or otherwise delayed or failed transactions arising out of or in connection with any such degradation or unavailability of the Services.

1.2 Availability of Third-Party Products and Services

We reserve the right to make certain third-party products and services available to you through API integrations with third-party providers or blockchain-based integrations. Any such third-party products and services may include integrations, links, or other access to third-party services, sites, technology, content, and resources. By choosing to use these third-party products and services, you acknowledge and agree that your use of such products and services is subject to any terms and conditions, privacy policies, and other applicable agreements of the respective third-party providers. It is your responsibility to review and understand these terms before utilizing any third-party products and services available through the Interface. We disclaim any liability for any issues arising from your use of these third-party products and services, including, but not limited to, any breach of contract, privacy, or data security issues. You, and not Ducat Protocol Inc. will be responsible for any and all fees and charges associated with your use of any third-party services. Ducat Protocol Inc. enables access to these third-party services merely as a convenience, and the inclusion of a third-party service on the Interface does not constitute an endorsement or recommendation of that third party's products and services. Any dealings that you have with third parties while using the Services, such as the Interface, are between you and that third party.

Ducat Protocol Inc. will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused, by or in connection with the use of or reliance on any third-party products and services. Ducat Protocol Inc. has no control over, and is not responsible for the accuracy, reliability, or completeness of such third-party products and services. We encourage you to review the terms of use and privacy policies of the third-party providers prior to using such products and services. Some third-party products or services will provide us with access to certain information that you have provided to such parties through your use of the third-party services, and we will use, store, and disclose such information in accordance with our Privacy Policy. For more information on the implications of using any products and services made available via the Services through third-party integrations or otherwise, including our use, storage, and disclosure of information related to you and your use of such third-party services within the Services, please see our Privacy Policy.

1.3 Other Products and Services

We may, from time to time, in the future offer to you additional products and services. Such products and services shall be considered part of the Services, irrespective of whether such product is specifically defined in these Terms.

1.4 Modifications of the Services

We reserve the right, in our sole discretion, and without any liability to you, to modify, substitute, eliminate, add, or discontinue all or part of any of the Services at any time, including access to products and services made available via any third-party API integrations or links or blockchain-based integrations. We further reserve the right to review, modify, filter, disable, delete, and remove any and all content and information from any of the Services at any time, and without any liability to you.

1.5 Informational Resources

We may also make certain informational resources relating to the Ducat Protocol, including, without limitation, the documentation on the Website, blog posts, data, articles, tutorials, social media posts and other informational content published by us, our employees or marketing partners ("Informational Resources"), available to you as part of the Services. The Informational Resources provided are not exhaustive and may not cover all aspects of or potential developments concerning the Ducat Protocol. You acknowledge and agree that all such Informational Resources are intended for informational and educational purposes only and are not the exclusive or sole source of information regarding the Ducat Protocol. Ducat Protocol Inc. shall not be responsible or liable for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any Informational Resources. We assume no responsibility for keeping the Informational Resources up to date and/or accurate.

1.6 User Control of Cryptoassets

You understand, acknowledge and agree that neither we, nor any of our affiliates, are party to any transaction on the Ducat Protocol. We do not retain possession, custody, or control over any user cryptoassets at any time. Due to the decentralized, non-custodial nature of the Ducat Protocol, Ducat Protocol users retain exclusive control over their cryptoassets at all times. You are solely responsible for safeguarding your private keys to your digital wallet/s, and you should never share your wallet credentials or seed phrase with anyone. We accept no responsibility for, or liability to you, in connection with your use of a digital wallet, and we make no representations or warranties regarding how any of the Services will operate with any type of digital wallet. Further, we accept no liability for any acts or omissions by you in connection with, or as a result of, your digital wallet being compromised.

These Terms are not intended to, and do not, create or impose any fiduciary duties on us. To the fullest extent permitted by applicable law, you understand, acknowledge, and agree that we owe no fiduciary duties or liabilities to you or any other party, and to the extent that any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe to you are those expressly set forth in these Terms.

1.7 Transaction Fees

Blockchain transactions, including transactions occurring through the Ducat Protocol, may require the payment of network transaction fees (i.e., Bitcoin miner fees). You will be solely responsible to pay the fees for any transaction that you initiate via any of the Services or through a third-party integration. You will also be responsible for any service or transaction fees assessed by, or in connection with your use of, the Ducat Protocol, which may be updated from time to time in accordance with the governance construct of the Ducat Protocol.

1.8 Tax Compliance

Your use of the Services, such as the Interface, to access the Ducat Protocol, may result in various tax obligations or consequences, such as income or capital gains tax. It is your responsibility to determine whether taxes apply to any transactions that you initiate or receive, and, if so, to report and/or remit the correct tax amount to the appropriate tax authority.

2. Intellectual Property Rights

2.1 Ownership

We own all intellectual property and other rights in the Services, including the Interface, Website, brand assets, and associated content (such as text, graphics, images, trademarks, service marks, copyrights, patents, and designs). These rights are protected by international intellectual property laws and treaties.

For clarity, this does not include any rights in the Ducat Protocol itself, which is open-source software available under its own licence.

With respect to any feedback you provide to Ducat Protocol Inc. (whether orally or in writing) concerning the Services, including any features or functionalities thereof, and including identifying potential errors and improvements ("Feedback"), you hereby grant to Ducat Protocol Inc. an exclusive, worldwide, perpetual, fully paid-up, royalty free, fully-sublicensable (through multiple tiers of sublicensees) and freely assignable and transferable license to use any Feedback for any purpose without payment or restriction. It is further understood that Ducat Protocol Inc.'s use of Feedback, if any, may be used by Ducat Protocol Inc. in its sole discretion, and that Ducat Protocol Inc. shall in no way be obliged to make any payment to you for or make use of any kind of the Feedback or part thereof.

2.2 License Grant

Subject to your compliance with these terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Services for your personal, non-commercial use. This license does not include any rights to modify, distribute, or create derivative works of the Services or any part thereof.

Except for the limited license granted in these Terms, Ducat Protocol Inc. and its licensors retain all right, title, interest and all proprietary rights in and to the Services, including, without limitation, copyrights, patents, trademarks, service marks and trade names. Ducat Protocol Inc. may change, suspend or discontinue any aspect of the Services at any time, without any liability or obligation to you. Ducat Protocol Inc., its licensors and service providers reserve all other rights afforded to them but not granted in these Terms.

Notwithstanding anything to the contrary in the Terms, the Services may contain software components released under separate open-source or business-source license terms, in which case those license terms will govern such software components.

2.3 Restrictions

You agree not to (i) copy, reproduce, distribute, or create derivative works from any part of the Services that are proprietary to Ducat Protocol Inc., including the Interface, Website, and brand assets; (ii) reverse engineer, decompile, or attempt to extract the source code of the Interface or other proprietary components of the Services (this restriction does not apply to the open-source Ducat Protocol, which is available under its own licence); (iii) remove, alter, or obscure any copyright, trademark, or other proprietary notices on the Services; or (iv) use any automated means, such as bots or scripts, to access or interact with the Services in a manner that negatively affects performance or stability.

2.4 Trademarks

All trademarks, service marks, logos, and trade names associated with the Services are proprietary to us or our licensors. You may not use any of these marks without our prior written consent.

You may not use any of our trademarks, trade names, service marks, copyrights or logos, or our partners', affiliated entities', licensors', or their licensors' trademarks, trade names, service marks, copyrights or logos, including but not limited to the Ducat name, in any manner that creates the impression that such items: (i) belong to or are associated with you or indicate the sponsorship or approval of us, our licensors, any partners, affiliates or their licensors; or (ii) except as otherwise provided herein, are used with our licensors', partners', affiliates', or their licensors' consent, and you acknowledge that you have no ownership rights in or to any such items.

2.5 Third-Party Content

The Services may include third-party content or links to third-party websites. We do not claim ownership rights in such third-party content, and we expressly disclaim any liability related to it. Your use of third-party content is subject to the terms and conditions of the respective third parties.

3. Disclaimers

By accessing or using the Services, such as the Interface to access the Ducat Protocol, you acknowledge and agree to the following disclaimers:

3.1 Disclaimer of Warranties; Limitation of Liability; Indemnification

The Services are provided on an "as is" and "as available" basis without any representations and warranties of any kind, either express or implied, including but not limited to, implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Services will be uninterrupted, error-free, secure, or free from viruses or other harmful components. We do not endorse, guarantee, or assume responsibility for any advertisement, offers, or statements made by third parties concerning any of our Services.

DUCAT PROTOCOL INC. HEREBY DISCLAIMS ANY AND ALL EXPRESS, IMPLIED OR STATUTORY WARRANTIES AND CONDITIONS, INCLUDING ANY WARRANTIES OR CONDITIONS OF NON INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AVAILABILITY, ERROR FREE, OR UNINTERRUPTED OPERATION, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE OF TRADE. TO THE EXTENT THAT DUCAT PROTOCOL INC. MAY NOT, AS A MATTER OF APPLICABLE LAW, DISCLAIM ANY IMPLIED WARRANTY OR CONDITION, THE SCOPE AND DURATION OF SUCH WARRANTY OR CONDITION SHALL BE APPLIED TO THE MINIMUM EXTENT PERMITTED UNDER SUCH APPLICABLE LAW.

IN NO EVENT SHALL DUCAT PROTOCOL INC., ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, EMPLOYEES, CONSULTANTS, AGENTS, REPRESENTATIVES, SERVICE PROVIDERS, SUCCESSORS AND ASSIGNS BE LIABLE TO YOU FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL OR SPECIAL DAMAGES OF ANY TYPE OR NATURE HOWEVER ARISING, INCLUDING, WITHOUT LIMITATION, EXEMPLARY OR PUNITIVE DAMAGES, LOST PROFITS OR REVENUES, LOST DATA OR DIMINUTION IN VALUE, ARISING OUT OF OR RELATING TO THE SERVICES, ANY THIRD PARTY LINKS OR PRODUCTS OR SERVICES MADE AVAILABLE VIA THE SERVICES OR YOUR USE OF THE DUCAT PROTOCOL VIA THE SERVICES, WHETHER OR NOT THE POSSIBILITY OF SUCH DAMAGES HAS BEEN DISCLOSED TO OR COULD HAVE BEEN REASONABLY FORESEEN BY YOU, REGARDLESS OF THE LEGAL OR EQUITABLE THEORY WHETHER IN CONTRACT, TORT OR OTHERWISE UPON WHICH THE CLAIM IS BASED. IN ADDITION, UNDER NO CIRCUMSTANCES SHALL DUCAT PROTOCOL INC.'S AGGREGATE LIABILITY UNDER THE TERMS EXCEED ONE HUNDRED U.S. DOLLARS (USD $100.00).

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE LIMITATIONS SET FORTH ABOVE MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH THE SERVICES, YOU UNDERSTAND AND AGREE THAT YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SERVICES.

You agree, at your own expense, to indemnify, defend and hold harmless us and our partners and affiliates and their respective owners, members, agents, directors, officers, employees, representatives, affiliates, successors and assigns against any claim, suit, action or other proceeding from and against any and all claims, damages, liabilities, costs and expenses, including reasonable attorneys' and experts' fees, arising out of or in connection with the Services, or any third-party links, products or services made available via the Services, including but not limited to: (i) any breach or violation of the Terms by you; (ii) material, information or content submitted or provided by you; (iii) your use of the Services (including using the Services to access the Ducat Protocol); or (iv) any deletions, additions, insertions or alterations to, or any unauthorized use of, the Services by you. You agree to pay any and all costs, damages and expenses, including but not limited to reasonable attorneys' fees and costs awarded against or otherwise incurred by or in connection with or arising from any such claim, suit, action or proceeding attributable to any such claim. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with us in asserting any available defense.

3.2 No Financial Advice

The information provided through the Services does not constitute investment, financial, or trading advice and should not be relied upon for any investment decisions. Users of the Services are solely responsible for their own investment decisions and should seek the advice of a qualified financial advisor before engaging in any investment activity.

3.3 Assumption of Risk

Participation in decentralized finance ("DeFi") can involve risk. By accessing and using any of the Services, you represent that you are financially and technically sophisticated enough to understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of digital assets. In using the Services, such as the Interface to access the Ducat Protocol, you acknowledge and accept all risks associated with DeFi activities, including, but not limited to, the following:

3.4 Regulatory Compliance

Users are responsible for ensuring that their use of the Services complies with applicable laws and regulations in their jurisdiction. We do not make any representations or warranties regarding the legality of the Services in any jurisdiction.

3.5 Third-Party Services

The Services may interact with third-party services, and we do not assume any responsibility or liability for the actions, products, or services of such third parties. Users should review the terms and policies of any third-party services before use.

We may link to, reference, or otherwise provide information about certain third-party services, sites, technology, content, and resources which are not made available to you via ducatprotocol.com through any API integrations with third-party providers or blockchain-based integrations (in accordance with Section 1.2). Notwithstanding the provision of such information, by choosing to use or rely on any such third-party products and services, you acknowledge and agree that your use of and reliance on such products and services is subject to any terms and conditions, user policies, and/or other applicable agreements of the respective third-party provider(s). It is your responsibility to review and understand any such terms before utilizing any third-party products and services. Ducat Protocol Inc. will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused, by or in connection with the use of or reliance on any third-party products and services. Ducat Protocol Inc. has no control over, and is not responsible for the accuracy, reliability, or completeness of, such third-party products and services.

3.6 Amendments

We reserve the right to modify or update this disclaimer at any time without prior notice. Your continued use of the Services following any changes constitutes your acceptance of the revised disclaimer.

By accessing or using the Services, you confirm that you have read, understood, and agree to this disclaimer. If you do not agree with any part of this disclaimer, you must immediately stop using the Services.

4. Prohibited Activities

4.1 Technical Performance Prohibitions

You shall not engage in any activities that negatively affect the technical performance of the Services, bypass or circumvent security features of the Services or otherwise disrupt or interfere with the functioning of the Services. You shall not violate or attempt to violate the security of the Services or otherwise misuse the foregoing, including by: (i) accessing any part of the Services or data not intended for you or logging onto a server or an account that you are not authorized to access (including by using a virtual private network or "VPN" to access such data); (ii) disabling, removing, circumventing, defeating or avoiding any security device or system; (iii) attempting to probe, scan or test the vulnerability of the Services or to breach security or authentication measures without proper authorization; (iv) attempting to interfere with the Services' functionality, including but not limited to via means of submitting any malware or computer programming routines that may damage, disrupt or interfere with, intercept or expropriate any system or data, overloading, "flooding," "spamming," "mailbombing" or "crashing" the Services; (v) forging any transmission control protocol/internet protocol packet header or any part of the header information in any email or posting; (vi) using the Services in a manner that exceeds reasonable request volume or constitutes excessive or abusive usage; or (vii) providing false, misleading or inaccurate information to the Services, such as information related to your location whether by use of a VPN or otherwise.

4.2 Intellectual Property Prohibitions

You shall not, directly or indirectly: (i) disassemble, decompile, reverse engineer or use any other means to attempt to discover any source code of the Services (unless such source code is open sourced), or the underlying ideas, file formats, algorithms, or trade secrets therein; (ii) encumber, sublicense, transfer, rent, lease, time-share, or use the Services in any service bureau arrangement or otherwise for the benefit of any third party; (iii) copy, distribute, manufacture, adapt, create derivative works of, translate, localize, port, or otherwise modify any software code or documentation for the Services; (iv) knowingly introduce into the Services any malicious code, computer virus, spyware, scareware, Trojan horses, worms, malware, or any other similar harmful, malicious or hidden programs or data; (v) use the Services to infringe upon, violate or misappropriate any third party's intellectual property rights, violating any law or regulation or being defamatory, trade libelous, threatening or harassing; or (vi) authorize or permit any third party to engage in any of the foregoing proscribed acts. For the avoidance of doubt, the restrictions set forth in this Section are in addition to, and in no way limit, any other restrictions or obligations applicable to you set forth in the Terms.

4.3 Violation of Law Prohibitions

You shall not use the Services to engage in illegal activity of any kind, including, without limitation, any activity that would violate, or assist in violation of, any law, statute, ordinance, regulation, or sanctions programs administered under any applicable law, including, but not limited to, the list of Specially Designated Nationals and Blocked Persons maintained by OFAC or any list pursuant to the E.U., U.K. regulations, the United Nations Security Council, or the British Virgin Islands authorities, or which would involve proceeds of any unlawful activity.

5. Dispute Resolution by Binding Arbitration

Please read the following arbitration agreement in this Section (the "Arbitration Agreement") carefully. It requires you to arbitrate disputes with Ducat Protocol Inc., its affiliates, successors, and assigns, and all of their respective officers, directors, employees, agents, and representatives (collectively, the "Ducat Parties"). It also limits the manner in which you can seek relief from the Ducat Parties.

5.1 Informal Dispute Resolution

In the event of any dispute, controversy, or claim arising out of or in relation to these Terms, the parties shall first attempt to resolve the dispute amicably through good-faith negotiations. You can notify us of a dispute by emailing us at legal@ducatprotocol.com. Such notification must describe the nature and basis of the dispute and set forth the specific relief sought ("Notice").

If the dispute set out in a Notice is not resolved by negotiation within sixty (60) days from the date of notification, the dispute shall be referred to arbitration.

Both you and the Ducat parties agree that this informal dispute resolution procedure is a condition precedent which must be satisfied before initiating any arbitration against any other party.

5.2 Applicability of the Arbitration Agreement

All unresolved disputes, claims, or controversies arising out of or relating to any of the Services or these Terms shall be finally resolved by arbitration under the rules of the British Virgin Islands International Arbitration Centre ("BVI IAC"), which are deemed to be incorporated by reference into this clause.

If there is any inconsistency between any term of the BVI IAC Rules and any term of this Arbitration Agreement, the applicable terms of this Arbitration Agreement will control unless the arbitrator determines that the application of the inconsistent Arbitration Agreement terms would not result in a fundamentally fair arbitration. The arbitrator must also follow the provisions of these Terms as a court would.

This Arbitration Agreement shall survive termination of these Terms, the Services, or any connection you may have to the information you obtained from the Interface.

5.3 Terms of the Arbitration

The following terms shall apply to any Arbitration proceedings commenced under this Agreement:

5.4 Exclusions and Other Terms

This dispute resolution process shall not preclude either party from seeking interim or injunctive relief in a court of competent jurisdiction, including relief for the alleged unlawful use of intellectual property.

To the extent permitted by applicable law, any dispute arising out of or relating to these Terms, shall be conducted only on an individual basis and not in a class, consolidated or representative action. Notwithstanding any other provision of the Terms or the BVI IAC Rules, disputes regarding the interpretation, applicability or enforceability of this class waiver may be resolved only by a court and not by an arbitrator. If this waiver of class or consolidated actions is deemed invalid or unenforceable, neither party is entitled to arbitration. If for any reason a claim or dispute proceeds in court rather than through arbitration, each party knowingly and irrevocably waives any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to the Terms.

6. Governing Law

These Terms and the Services, and any non-contractual obligations arising out of or in connection with them, shall be governed by and construed in accordance with the laws of the British Virgin Islands without regard to the principles of conflict of laws.

Except as expressly set forth in Section 5, "Dispute Resolution by Binding Arbitration", the exclusive jurisdiction for all disputes will be the courts of the British Virgin Islands, and you waive any objection to jurisdiction and venue in such courts.

7. Additional Provisions

7.1 Entire Agreement

These Terms, together with the Privacy Policy, constitute the entire agreement between you and Ducat Protocol Inc. with respect to the subject matter hereof, and supersede and extinguish all prior and contemporaneous understandings, agreements, representations, warranties, and communications, whether written or oral, between you and Ducat Protocol Inc. regarding such subject matter. You acknowledge that, in entering into these Terms, you have not relied on any statement, representation, warranty, or promise other than as expressly set out in these Terms. No modification, amendment, or waiver of any of the provisions of these Terms shall be effective unless in writing and signed by both you and an authorized representative of Ducat Protocol Inc. If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

7.2 Force Majeure

Ducat Protocol Inc. shall not be liable for any failure or delay in the performance of its obligations under these Terms if such failure or delay is caused by or results from events beyond its reasonable control, including but not limited to acts of God, natural disasters (including but not limited to earthquakes, floods, and hurricanes), fire or explosion, war, invasion, hostilities (whether war is declared or not), terrorist threats or acts, riot, or other civil unrest, government orders or laws, actions, embargoes, or blockades in effect on or after the date of these Terms, national or regional emergency, strikes, labor stoppages or slowdowns, or other industrial disturbances, shortages of adequate power or transportation facilities, cyberattacks, including but not limited to distributed denial-of-service ("DDoS") attacks, and epidemic, pandemic, or other public health emergencies.

7.3 Waiver and Severability

If any provision of these Terms shall be determined to be invalid or unenforceable under any rule, law, or regulation of any government authority, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law, and the validity of enforceability of any other provision of these Terms shall not be affected.

7.4 Assignment

You may not assign or transfer this Agreement, by operation of law or otherwise, without our prior written consent. Any attempt by you to assign or transfer this Agreement without our prior written consent shall be null and void. We may freely assign or transfer this Agreement. Subject to the foregoing, this Agreement will bind and inure to the benefit of the parties, their successors, and permitted assigns.

7.5 Termination

This Agreement is effective unless and until terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all access to the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Agreement (including without limitation any provision of these Terms), we reserve the right to terminate our Agreement with you and deny you access to the Services. We further reserve the right to restrict your access to the Services or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe that: (i) your use of the Services exposes us to risk or liability; (ii) you are using the Services for unlawful purposes; or (iii) it is not commercially viable to continue providing you with our Services. All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve.

7.6 Relationship of the Parties; No Third-Party Beneficiaries

Nothing contained in the Terms shall constitute you and Ducat Protocol Inc. as members of any partnership, joint venture, association, syndicate, unincorporated business or similar assignment as a result of or by virtue of the relationship established by the Terms.

The Terms are not intended and shall not be construed to create any rights or remedies in any parties other than you and Ducat Protocol Inc. and Ducat Protocol Inc.'s affiliates, which each shall be a third-party beneficiary of the Terms, and no other person shall assert any rights as a third-party beneficiary hereunder.

7.7 Notices

By accessing or using the Services, you consent to receive electronic communications.

Ducat Protocol Inc. may provide you with notice and other communications via electronic communications as permitted by this Section.

You may provide us with notice by contacting us via electronic mail at legal@ducatprotocol.com ("Notice Address").

All notices will be deemed effective upon dispatch.

If you have any questions about these Terms or the Services, please contact us at our Notice Address.

Appendix A: Rewards

Appendix B: Privacy Policy

See the full Privacy Policy for details.