Terms of Service

Effective: January 1, 2026

Article 1 (Purpose)

These terms govern the rights, duties, responsibilities, and conditions of use between JP finance ("Company") and users regarding the bitcoin and cryptocurrency collateral loan platform ("Service").

Article 2 (Definitions)

• 1. "Service" means the crypto collateral loan and related services provided by the Company.
• 2. "User" means any person who has completed registration in accordance with the Company's procedures and agreed to these terms.
• 3. "Collateral" means crypto assets (BTC, ETH, XAUT, XRP, etc.) deposited to the address designated by the Company for borrowing.
• 4. "LTV (Loan to Value)" means the ratio of loan amount to collateral value. This service offers up to 200%.
• 5. "Collateral Value" means the USD-equivalent amount based on spot prices (CoinGecko USD, with optional CoinMarketCap fallback when configured).

Article 3 (Effect and Amendment)

1. These terms become effective when displayed on the service or announced by other means.

2. The Company may amend these terms within the scope of applicable laws. Amendments are announced at least 7 days before the effective date. Users who disagree may discontinue use and withdraw.

3. Continued use after the effective date of amendments constitutes acceptance of the amended terms.

Article 4 (Registration and Management)

1. Users apply for registration according to the Company's form. The Company approves registration unless:

• Applicant is under 19 years of age
• False information is provided
• Other eligibility requirements are not met

2. The Company may differentiate service usage by user tier according to its policy.

Article 5 (Service Provision)

1. The Company provides services to borrow USDT or USDC against crypto collateral.

2. Loan limits are based on real-time prices. LTV options: 100%, 150%, or 200%.

3. Collateral range: minimum USD 2,500 to maximum USD 2,000,000 (spot value).

4. Loan terms: 3, 6, 12, or 24 months. Repayment: bullet (interest monthly, principal at maturity).

5. Base rate: 5% APR. First loan: 50% interest discount. Collateral ≥ USD 75,000: additional 1% discount.

Article 6 (Collateral Deposit and Verification)

1. Users must transfer collateral to the designated deposit address after applying.

2. Deposit must use the specified network for each coin (BTC: BTC network, ETH/XAUT: ERC-20, XRP: XRP network). Assets sent to wrong networks may be unrecoverable.

3. Direct deposit from domestic exchanges (Upbit, Bithumb, etc.) is not allowed. Use global exchanges or personal wallets.

4. Applications are automatically canceled if collateral is not confirmed within 20 minutes.

Article 7 (User Obligations)

1. Users must repay interest and principal by the due date.

2. Users must not provide false information, use others' identities, or misuse the service.

3. Users must deposit only assets they own. Prohibited: deposit of illicit funds.

4. Users must not obstruct the Company's operation of the service.

Article 8 (Repayment, Extension, and Collateral Return)

1. This product has no forced liquidation even if coin value decreases. Full repayment of principal and interest at maturity returns full collateral.

2. Extension: Apply up to 14 days before maturity. See in-service guidance for procedure.

3. Overdue interest: 0.1% per day if not repaid by due date.

4. Auto liquidation: If overdue 30+ days, collateral is automatically sold. Fees and market loss from sale are user's responsibility.

Article 9 (Service Suspension and Changes)

1. The Company may temporarily suspend the service due to maintenance, force majeure, or emergencies.

2. The Company may change or discontinue all or part of the service with prior notice.

Article 10 (Disclaimer)

1. The Company is not liable for user losses due to crypto price fluctuations.

2. The Company is not liable for asset loss due to user error (wrong address, wrong network, etc.).

3. The Company is not liable for service limits due to blockchain or third-party issues.

4. This service is not investment advice. All borrowing decisions are the user's own responsibility.

Article 11 (Dispute Resolution)

1. If disputes cannot be resolved by negotiation, the court with jurisdiction over the Company's headquarters shall have exclusive jurisdiction.

2. The laws of the Republic of Korea apply to the interpretation of these terms.

Article 12 (Miscellaneous)

Matters not covered herein follow applicable laws and the Company's service guidelines.

Effective: January 1, 2026