Last Updated: 15 September 2025 Users who have completed Know-Your-Customer and Anti-Money Laundering checks, as well Addendum 2 - spdBTC Terms and Conditions as other onboarding procedures, and are whitelisted with Bondhive Limited (“referred to as the “Company,” and “Bondhive”, “we,” or “us”) and related products and services (the “Services”) on the Company platform (the “Platform” or “Company”) are referred to herein as a “Mint User.” To the extent you have not completed the aforementioned checks or been whitelisted but hold maxBTC, these Terms and Conditions still apply to your holding and use of maxBTC (hereinafter referred as “Holding User”). For the avoidance of doubt, Holding Users are not customers or clients of Bondhive and have not entered into Mint User Agreements with Bondhive. The Services includes an app or other front-end interface to the contracts that facilitate the minting or staking of digital assets (the “Protocol”). By minting or obtaining and using maxBTC, you understand and expressly agree to these and any other applicable Terms, regardless of whether or not you are a customer of Bondhive, and you acknowledge that you have reviewed and understand each of the disclosures made in this section. Any provisions of these Terms that only apply to Mint Users or Holding Users will be specifically noted herein. Unless so noted, each Section of these Terms apply to both Mint Users and Holding Users, and any use of “you” or “your” refers to both Mint Users and Holding Users. The terms herein applicable to Mint Users are supplemental to the terms in the maxBTC Mint User Agreement. By holding or using maxBTC, or using any of the Services, you agree that you have read, understood and accept all of the terms and conditions contained in these Terms and Risk Disclosures, as well as our Privacy Policy and Cookie Policy, and you acknowledge and agree that you will be bound by these terms and policies. Section 22 of these Terms governs how these Terms may be changed over time; the date of the last update is set forth at the top of these Terms.
  1. About maxBTC
maxBTC is a digital token issued by Bondhive. maxBTC is issued by Bondhive via the Protocol. maxBTC does not represent a claim, participation interest, economic right, voting right, or other similar right associated with Bondhive, any Bondhive affiliate, or any other entity. The maxBTC token is backed by an amount of spot crypto assets, such as BTC, ETH, SOL, JLP, certain stablecoins (such as USDC, USDT, and USDtb) (“maxBTC Reserves”). maxBTC is not designed to intrinsically create returns for holders, increase in value, or otherwise accrue financial benefit to the maxBTC holder. However, the price of maxBTC may increase or decrease based upon the value of the underlying maxBTC Reserves. To the extent redemption is enabled and allowed, maxBTC Mint Users may be entitled redeem maxBTC for the actual current market value of its pro rata portion of the maxBTC Reserves, which may be more or less than the original mint value depending on the performance of the underlying strategy, smart-contract and network fees and costs, and fees and costs associated with unwinding the strategies including slippage or other delays. Bondhive cannot and does not offer or guarantee the receipt of yield or other rewards in connection with your use of the Services, Platform, Protocol, or your use of maxBTC in conjunction with third-party products.
  1. Scope of maxBTC and Key Terms
The following only applies to Mint Users: As you have agreed to, and are subject to, the maxBTC Mint User Agreement, Bondhive makes available the following maxBTC-related Services (as defined in the maxBTC Mint User Agreement: (i) issue maxBTC for accepted tokens from Bondhive, and (ii) where applicable, redeem maxBTC for supported assets from Bondhive, Your use of the Services is subject to these Terms. Any of these Services can be discontinued at any time in accordance with Section 14 of these maxBTC Terms. You understand and agree that, at this time, you may only tokenize accepted assets for maxBTC and redeem maxBTC directly with Bondhive to the extent that you are an approved Mint User. The following only applies to Holding Users: You may not redeem maxBTC with Bondhive unless and until you are a Mint User who has cleared KYC/AML and other checks and have onboarded as a whitelisted customer with Bondhive. Eligibility for and requirements related to such process are set forth in the maxBTC Mint User Agreement. The following applies to both Mint Users and Holding Users: Your use of maxBTC and maxBTC Services (as applicable), is subject to these Terms and Bondhive’s obligations hereunder are conditional on you complying with its provisions. You understand that any violation of these Terms may result in potential consequences, including the possible loss or forfeiture of maxBTC and related Digital Assets. You understand and agree that sending maxBTC to another address automatically transfers and assigns to the owner of that address , and any subsequent owner all rights and obligations of a Holding User to redeem maxBTC for approved assets so long as the Holder is or becomes a Mint User. For the avoidance of doubt, if a Holder is not a Mint User, not eligible to become a Mint User, or fails to do so, such Holding User is not entitled to redeem maxBTC with Bondhive. Bondhive (or an affiliate designated by Bondhive) commits to redeem one (1) maxBTC for the actual current market value of User’s pro rata portion of the maxBTC Reserves, which may be more or less than the original mint value depending on the performance of the underlying strategy, smart-contract and network fees and costs, and fees and costs associated with unwinding the strategies including slippage or other delays, subject to these Terms, applicable law, and any fees where applicable. While Bondhive may hold the maxBTC Reserves in interest-bearing accounts or other yield-generating instruments, you acknowledge that you are not entitled to any interest or other returns earned on such funds. maxBTC does not itself generate any interest or return for holders of maxBTC and only represents your right to redeem maxBTC as a Mint User, if you are one. If you are a Holding User, you do not have a right to redeem maxBTC with Bondhive.
  1. Applicable Laws and Regulations; AML and CTF
Your holding and use of maxBTC, and any use of the maxBTC Services, is subject to the laws, regulations, and rules of any applicable governmental or regulatory authority, including, without limitation, all applicable tax, anti-money laundering (“AML”) and counter-terrorist financing (“CTF”) provisions and sanctions. You agree to act in compliance with and be legally bound by these Terms and all applicable laws and regulations. These Terms are conditional on your continued compliance at all times with these Terms and all applicable laws and regulations. Bondhive is committed to complying with all applicable AML and CTF laws and regulations. These standards are designed to prevent the use of the maxBTC Services for money laundering, terrorist financing, fraudulent transactions, and any other illegal activities. Bondhive takes compliance very seriously and actively engages in measures to:
  • Prohibit fraudulent transactions;
  • Report suspicious activities;
  • Prevent money laundering, terrorist financing, and any related acts that facilitate financial crimes. Applicable laws require us to prevent Restricted Persons from holding maxBTC or using the Services. A Restricted Person means any person that is the subject or target of any sanctions, including a person that is:
    • named in any Sanctions-related list maintained by the U.S. Department of State; the U.S. Department of Commerce, including the Bureau of Industry and Security’s Entity List and Denied Persons List; or the U.S. Department of the Treasury, including the OFAC Specially Designated Nationals and Blocked Persons List, the Sectoral Sanctions Identifications List, and the Foreign Sanctions Evaders List; or any similar list maintained by any other relevant governmental authority;
    • located, organized or resident in a country, territory or geographical region which is itself the subject or target of any territory-wide Sanctions (a “Restricted Territory”) (currently, Cuba, Iran, Syria, North Korea, and the Ukraine regions of Crimea, Donetsk, and Luhansk); or
    • owned or controlled by any such person or persons listed above.
  1. Eligibility; Limitations
The following applies to both Mint Users and Holding Users: maxBTC Services and support for maxBTC are currently only available to individuals and institutions (as applicable) located in supported jurisdictions. By holding or using maxBTC, or accessing or using the maxBTC Services, you further represent and warrant that:
  • you are at least 18 years old, are not a Restricted Person, and are not holding maxBTC on behalf of a Restricted Person.
  • you will not be using maxBTC or the maxBTC Services (as applicable) for any illegal activity, including, but not limited to, illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, terrorism financing, other violent activities or any prohibited market practices, including, but not limited to, those listed under Sections 16 and 17.
Additionally, users in the United States are not eligible to become a Mint User. This restriction may be revisited from time to time taking into account relevant changes in law. You also understand that there are additional representations and warranties made by you elsewhere in (or by reference in) these Terms and that any misrepresentation by you is a violation of these Terms. If Bondhive suspects or determines that you or any of your authorized users or customers, as applicable, have violated these Terms, including, but not limited to, attempting to transact or transacting with Blocked Addresses (as defined in Section 11) or attempting to engage or engaging in Restricted Activities (as defined in Section 16) or Prohibited Transactions (as defined in Section 17), then Bondhive may be forced to terminate your status as a Mint User and you may forfeit any assets otherwise eligible for redemption. Notwithstanding the foregoing, Bondhive may determine not to make maxBTC or the maxBTC Services, in whole or in part, available in every market, either in its sole discretion or due to legal or regulatory requirements, depending on your location. We may also, without liability to you or any third party, refuse to let you register as a Mint User. The following only applies to Mint Users: Use of certain maxBTC Services may have further eligibility requirements that will need to be verified prior to you using such maxBTC Services, or from time to time in order to continue your use of the maxBTC Services, and may be subject to additional terms and conditions.
  1. Support
Please contact Support at [email protected] to report any violations of these Terms or to ask any questions regarding these Terms or the maxBTC Services, as applicable.
  1. Copies, Wrappers, and Forks Not Supported
The following applies to both Mint Users and Holding Users: As a result of the current or eventual decentralized and open source nature of maxBTC it is possible that a party unaffiliated with Bondhive could create an alternative, equivalent version of maxBTC either on one of the maxBTC supported blockchains or on an unsupported blockchain (a “copy”) that operate independently from maxBTC. Similarly, it is possible that a party unaffiliated with Bondhive may create an asset and purport that such asset is collateralized by or otherwise incorporates maxBTC into its design (a “wrapper”). Bondhive supports only maxBTC and is under no obligation to support any copies of maxBTC or wrappers and assumes no responsibility for any value that might be lost as a result of this lack of support of copies of maxBTC. No such copy or wrapper should be considered approved, sold, distributed, or promoted by Bondhive unless explicitly stated. As a result of the decentralized and open source nature of the blockchains on which maxBTC is supported, it is possible that a party unaffiliated with Bondhive could create an alternative version of the blockchain (a “fork”). Note that in the event of a fork of one of the maxBTC supported blockchains, Bondhive may be forced to suspend all activities relating to maxBTC (including tokenizing assets for maxBTC, redeeming maxBTC for supported assets, or sending and receiving maxBTC) for an extended period of time until Bondhive has determined in its sole discretion that such functionality can be restored (“Downtime”). This Downtime will likely occur immediately upon a “fork”, potentially with little to no warning, and during this period of Downtime you will not be able to conduct various activities involving maxBTC. In the event of a fork of one of the maxBTC supported blockchains, Bondhive shall, in its sole discretion, determine which fork it will support, if any.
  1. maxBTC Supported Blockchains and Smart Contract Modifications
maxBTC operates on maxBTC supported blockchains. Bondhive does not have any ability or obligation to prevent or mitigate attacks or resolve any other issues that might arise with any maxBTC supported blockchain. Any such attacks or delays on any maxBTC supported blockchain might materially delay or prevent you from sending or receiving maxBTC, and Bondhive shall bear no responsibility for any losses that result from such issues. Note that in certain circumstances, including, but not limited to, a copy or fork of a maxBTC supported blockchain or the identification of a security issue with a maxBTC supported blockchain, Bondhive may be forced to suspend all activities relating to maxBTC (including tokenizing assets for maxBTC, redeeming maxBTC for assets, or sending and receiving maxBTC) for an extended period of time until such Downtime is over and maxBTC Services can be restored. This Downtime will likely occur immediately upon a copy or fork of any maxBTC supported blockchain, potentially with little to no warning, and during this period of Downtime you will not be able to conduct various activities involving maxBTC. Bondhive reserves the right to migrate maxBTC to another blockchain or protocol in the future in its reasonable discretion. Upon Bondhive’s request, you agree to take any and all actions reasonably necessary to effectuate the migration of your maxBTC to another blockchain or protocol identified by Bondhive. Bondhive will not be responsible or liable for any damages, losses, costs, fines, penalties or expenses of whatever nature, whether or not reasonably foreseeable by the parties, which you may suffer, sustain or incur, arising out of or relating to your failure to effectuate such migration of your maxBTC to another blockchain or protocol identified by Bondhive.
  1. Privacy
We are committed to protecting your personal information and helping you understand exactly how your personal information is being used. You should carefully read the Privacy Notice, as it provides details on how your personal information is collected, stored, protected, and used.
  1. Communications
By entering into these Terms, you agree to receive electronic communications and notifications. These Terms are provided to you and communicated in English. We will also communicate with you in English for all matters related to maxBTC and your use of maxBTC Services. Where we have provided you with a translation of the English language version of these Terms, you agree that such translation is provided for your convenience only and that the English language version of these Terms govern your holding and use of maxBTC, and the maxBTC Services, as applicable.
  1. Limited License; IP Rights
The following only applies to Mint Users: We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of these Terms, to access and use the maxBTC Services solely for approved purposes as determined by Bondhive. Any other use of the maxBTC Services is expressly prohibited. Bondhive and its licensors reserve all rights in the maxBTC Services and you agree that these Terms does not grant you any rights in or licenses to the maxBTC Services except for the limited license set forth above. Except as expressly authorized by Bondhive, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the maxBTC Services, in whole or in part. If you violate any portion of these Terms, your permission to access and use the maxBTC Services may be terminated pursuant to these Terms. “The Company”, Bondhive, maxBTC, any applicable websites, apps, dapps, or protocols, “front-ends,“and all logos related to the maxBTC Services are either copyrights, trademarks, or registered marks of Bondhive or its licensors. Whether or not you are a Mint User, you may not copy, imitate, or use them without Bondhive’s prior written consent. All right, title, and interest in and to the Bondhive website, any content thereon, the maxBTC Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of Bondhive and its licensors.
  1. Risk Factors & Disclosures
The following list of risks associated with maxBTC and the maxBTC Services is not exhaustive.
  • Potential risk ractors previously referenced in the Terms are incorporated herein by reference.
  • No guarantee of price stability on third-party platforms;
  • Bondhive does not guarantee that the value of one (1) maxBTC will always or ever equal to the price of one (1) Bitcoin or any specific USD denominated amount on any platform. Due to a variety of factors, the value of maxBTC on third-party platforms such as cryptocurrency exchange platforms could fluctuate, and the risk factors highlighted herein (as well as presently unknown risk factors) may result in the maxBTC Reserves falling to less than the Bitcoin or other deposited equivalent of value per maxBTC in circulation. Bondhive cannot control how third parties quote or value maxBTC, and Bondhive is not responsible for any losses or other issues that may result from fluctuations in the value of maxBTC.
  • Assets used to mint maxBTC that are subject to yield-generating strategies including but not limited to delta-neutral strategies. These strategies may underperform, resulting in the total value of maxBTC Reserves being less than the original minting value.
  • The redemption value depends entirely on the actual performance of the underlying reserves and strategies.
  • Past performance of strategies does not guarantee future results. Market conditions, execution risks, and other factors may cause strategies to generate losses.
  • Presently, maxBTC has no market price, only an internal NAV based on underlying reserve value
  • Redemption requires unwinding strategies, which may involve slippage, fees, or delays.
  • Redemption value is variable and depends on strategy performance, reserve liquidity, and execution costs, not a guaranteed pro-rata claim.
  • No guarantee, warranty, or representation is made regarding the value of maxBTC or the generation of a minimum amount of yield or additional value accruing to maxBTC.
  • Users assume all risk of loss associated with the underlying strategies, volatility, market and commercial risk, CEX and DEX risk, and market performance.
Important Disclaimers:
  • Not financial advice. The Services are not intended as, and do not provide, any investment or financial advice whatsoever. As with any financial or investment decisions, you should conduct your own research and due diligence investigation, to properly evaluate the benefits and risks of any investment or financial transaction. You should also seek the advice and guidance of qualified accountants, financial advisors, tax advisors, legal counsels and investment advisors, in connection with any investment or financial transaction.
  • Wallets. To use certain of the Services you may need to link a third-party digital wallet (“Wallet”) with the Services. By using a Wallet in connection with the Services, you agree that you are using the Wallet under the terms and conditions of the applicable third-party provider of such Wallet. Wallets are not associated with, maintained by, supported by or affiliated with the Company. You acknowledge and agree that we are not party to any transactions conducted while accessing the Services, and we do not have possession, custody or control over any digital assets appearing on the Services. When you interact with the App, you retain control over your digital assets at all times. We accept no responsibility or liability to you in connection with your use of a Wallet, and makes no representations and warranties regarding how the App will operate with any specific Wallet. The private keys and/or seed phrases necessary to access the assets held in a Wallet are not held by us. We have no ability to help you access or recover your private keys and/or seed phrases for your Wallet.
  • Third-party technologies. The website, app, or other Services providing interfaces display data that, in conjunction with certain technologies (including validator nodes, network bridges, and your Wallet) controlled or operated by parties other than Bondhive (the “Third-Party Technologies”), facilitates your interfacing with a set of decentralized technologies. Third-Party Technologies are not part of the Services, and your engagement with the these Third-Party Technologies is entirely at your own risk.
  • Informational purposes only. Information about the Services are available on the Website at www.structured.money (the “Documentation”) is provided for informational purposes only and may be incomplete, contain mistakes, or become out-of-date. Users are responsible for verifying that the Documentation is accurate and up to date. Anytime you interact with the Services or Protocol, you should conduct a test transaction prior to conducting a material transaction. We are not liable for any damage or loss caused or alleged to be caused by your reliance on the Documentation.
  • Rewards. In your use of the Services, we may attribute to you certain reputation indicators, points, or other intangible rewards (“Rewards”). Rewards are not, and may never convert to, accrue to, be used as basis to calculate, or become any other tokens or virtual assets or distribution thereof. Rewards are virtual items with no monetary value. Rewards do not constitute any currency or property of any type and are not redeemable, refundable, or eligible for any fiat or virtual currency or anything else of value. Rewards are not transferable between users, and you may not attempt to sell, trade, or transfer any Rewards, or obtain any manner of credit using any Rewards. Any attempt to sell, trade, or transfer any Rewards or tokens redeemable for or representing any Rewards will be null and void.
  • Yield. Your engagement of the Services or Third-Party Services may result in the accumulation and/or transfer of certain digital assets (“Yield”) to an account or Wallet of yours. The amount of Yield you accumulate and/or actually receive, if any, is determined entirely by the Protocols and/or Third-Party Services. We cannot and do not offer or guarantee the receipt of Yield in connection with your use of the Services or your engagement of the Protocols and/or Third-Party Services.
  • Third-Parties. Bondhive does not control or endorse any products, services, or platforms offered by third parties using the maxBTC Services or supporting maxBTC. Third parties may elect to support maxBTC on their platforms without any authorization or approval by Bondhive. The availability of maxBTC on any third-party platform does not imply that such services are valid, legal, stable, or otherwise appropriate.Bondhive is not liable for any losses, issues, or consequences that may arise from third-party transactions or the use of maxBTC on third-party platforms, including, but not limited to, (i) Failure to comply with applicable laws and regulations, including illegal transactions;(ii) The quality, delivery, or satisfaction of products and services facilitated by maxBTC Services; (iii) Technical errors, loss of access, or inability to recover maxBTC resulting from the use of third-party platforms. You accept all consequences of sending maxBTC to third-party platforms or addresses, including the risk of loss or failure to recover your maxBTC. For the avoidance of doubt, Bondhive has no obligation to track, verify, or determine the provenance of maxBTC balances or transactions involving third-party platforms.
  • Blocked Addresses & Forfeited Funds. Bondhive reserves the right to “block” certain maxBTC addresses of Mint Users that it determines, in its sole discretion, may be associated with illegal activity or activity that otherwise violates these Terms (“Blocked Addresses”). In certain circumstances, Bondhive may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your maxBTC, including the ability to redeem maxBTC for any permitted assets. Bondhive may also be required to surrender associated assets held in the maxBTC Reserve in the event it receives a legal order from a valid government authority requiring it to do so.
  • Software protocols and operational challenges. You are aware of and accept the risk of operational challenges. Bondhive may experience sophisticated cyber-attacks, unexpected surges in activity or other operational or technical difficulties that may cause interruptions to the maxBTC Services. You understand that the maxBTC Services may experience operational issues that lead to delays, including delays in redeeming maxBTC. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold Bondhive accountable for any related losses.
  • Compliance. You are responsible for complying with applicable law. You agree that Bondhive is not responsible for determining whether or which laws may apply to your transactions, including tax laws. You are solely responsible for reporting and paying any taxes arising from your use of maxBTC or the maxBTC Services, including any accurate reporting of the tax or legal status of maxBTC in your jurisdiction.
  • Legal treatment of maxBTC transfers. The regulatory status of maxBTC and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to maxBTC, blockchain technology and its applications. Accordingly, it is not possible to determine whether a maxBTC transfer would be recognized under applicable law by a court or regulator.
  • Legislative and regulatory changes. Legislative and regulatory changes or actions at the international level may adversely affect the tokenization of assets into maxBTC, and the use, transfer, redemption and/or value of maxBTC.
  • Claim on funds. Only Mint Users can only redeem maxBTC directly with Bondhive through the Protocol. For Mint Users, your ability to redeem with us for each maxBTC is conditional on (i) your possession of a corresponding amount of maxBTC associated with a Mint User, (ii) no violation of these Terms or your maxBTC Mint User Agreement, and (iii) no action, pending or otherwise, by a regulator, law enforcement or a court of competent jurisdiction that would restrict redemption.
  • Sending maxBTC to another address automatically transfers and assigns to that Holding User, and any subsequent Holding User, the right to redeem maxBTC with us so long as the Holding User is eligible to, and does, register as a Mint User (and thereby becomes a Mint User).
  • Encumbrances. Depending on the actions of the owners of maxBTC addresses before your receipt of maxBTC from another maxBTC address, it is possible that the transfer of maxBTC between maxBTC addresses could result in the maxBTC in your whitelisted wallet becoming subject to a lien or other form of security interest before redemption.
  • On-chain transactions irreversible. When maxBTC is sent to a third-party maxBTC address, such transaction is completed on maxBTC supported blockchains. This means that such a transaction is irreversible and Bondhive does not have the ability to reverse or recall any transaction once initiated. You bear all responsibility for any losses that might be incurred as a result of sending maxBTC to an incorrect or unintended maxBTC address.
  • Affiliate activities. You understand and agree that individuals or entities affiliated with Bondhive may hold, purchase, sell, or otherwise engage in transactions using or involving maxBTC. You further understand and agree that such persons may engage in this activity for any reason, including but not limited to engaging in commercial transactions, promoting transaction activity that utilizes maxBTC, or otherwise supporting the use or adoption of maxBTC. This activity may involve selling maxBTC to other entities for provision to their end users. You understand and agree that no individual or entity, whether affiliated with Bondhive or otherwise, is under any obligation to engage in these activities, and they may be discontinued at any time.
  1. Fees; Authorization
The following only applies to Mint Users: Except as disclosed to you prior to completing a transaction as a Mint User, Bondhive will not charge you any fees for tokenizing assets for maxBTC, or receiving maxBTC. Any cost of executing a mint or redemption transaction is a cost reimbursement to cover friction such as blockchain gas fees or execution fees paid by Bondhive.
  1. Currency Conversion
The following only applies to Mint Users: All tokenizations of assets will be credited in maxBTC to your whitelisted wallet(s) based on a rate of one (1) maxBTC per (1) BTC of notional value, as the case may be, depending on the asset exchanged to mint maxBTC, less applicable fees and transaction costs associated with the transaction, including, for the avoidance of doubt, fees paid associated with the applicable blockchain consensus mechanism. Such value shall be calculated by Bondhive based on the asset in its sole discretion, with any transaction fees associated with the blockchain consensus mechanism determined by requirements of the underlying blockchain at the time the transaction is submitted by the Mint User. For the avoidance of doubt, as the price of maxBTC may increase or decrease based upon the value of the underlying maxBTC Reserves and to the extent redemption is enabled and allowed, redemption of maxBTC by maxBTC Mint Users may not result in a value equivalent to the notional value of one (1) BTC or the minting value of the maxBTC. maxBTC redemptions will be determined by the current market value of the Mint User’s pro rata portion of the maxBTC Reserves at the time of redemption denominated in BTC.
  1. Right to Change/Remove Features or Suspend/Delay Transactions
The following only applies to Mint Users: We reserve the right to (i) change, suspend, or discontinue any aspect of the maxBTC Services at any time, including hours of operation or availability of any feature, without notice and without liability and (ii) decline to process any issuance or redemption without prior notice and may limit or suspend your use of one or more maxBTC Services at any time, in our sole discretion. Our rights under this paragraph are subject to our obligations under applicable law and licenses, including but not limited to our reasonable suspicion of inappropriate or illegal conduct. Suspension of your use of any of the maxBTC Services will not affect your rights and obligations pursuant to these Terms. We may, in our sole discretion, delay issuances or redemptions if we reasonably believe the transaction is suspicious, may involve fraud or misconduct, violates applicable laws, or violates the terms of these Terms.
  1. Transactions Irreversible
The following only applies to Mint Users: Once a transaction has been initiated, it cannot be reversed, as further described in Section 11 above and pursuant to the underlying blockchain consensus mechanism. Except as set forth in these Terms, all transactions processed through the maxBTC Services are nonrefundable.
  1. Restricted Activities
In connection with your holding or use of maxBTC, or the maxBTC Services (as applicable), you hereby agree that you will not:
  • violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation;
  • intentionally try to defraud (or assist in the defrauding of) Bondhive or other Mint Users or Holding Users;
  • provide false, inaccurate, or misleading information;
  • take any action that interferes with, intercepts, or expropriates any system, data, or information;
  • partake in any transaction involving the proceeds of illegal activity;
  • transmit or upload any virus, worm, or other malicious software or program;
  • attempt to gain unauthorized access to the Bondhive website, or any related networks or systems;
  • use the maxBTC Services on behalf of any third party or otherwise act as an intermediary between Bondhive and any third parties;
  • collect any information from other Mint Users or Holding Users, including, without limitation, email addresses;
  • defame, harass, or violate the privacy or intellectual property rights of Bondhive or any Holding Users or Mint Users; or
  • upload, display or transmit any messages, photos, videos or other media that contain illegal goods, violent, obscene or copyrighted images or materials (such activities, “Restricted Activities”).
  1. Prohibited Transactions
Using maxBTC or the maxBTC Services for transactions related to the following is prohibited, and Bondhive reserves the right to monitor and, if appropriate, block or otherwise prevent transactions that relate to:
  • any Restricted Persons;
  • weapons of any kind, including but not limited to firearms, ammunition, knives, explosives, or related accessories;
  • controlled substances, including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
  • gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
  • money-laundering or terrorist financing;
  • any sort of Ponzi scheme, pyramid scheme, or multi-level marketing program;
  • goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction;
  • credit repair services, or other services that may present consumer protection risks;
  • court ordered payments, structured settlements, tax payments, or tax settlements;
  • any unlicensed money transmitter activity;
  • layaway systems, or annuities;
  • counterfeit goods, including but not limited to fake or “novelty” IDs;
  • wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit;
  • purchasing goods of any type from “Darknet” markets, or any other service or website that acts as a marketplace for illegal goods (even though such marketplace might also sell legal goods); or
  • any other matters, goods, or services that from time to time we communicate to you that are unacceptable and which, for example, may be restricted by our and your bank or payment partners (such transactions, “Prohibited Transactions”).
In the event that Bondhive learns you are making any such Prohibited Transactions, Bondhive will consider you to be a violation of these Terms and may also suspend or terminate your status as a Mint User.
  1. Taxes
The following only applies to Mint Users: Bondhive will maintain a record of your transaction history pursuant to the terms of the maxBTC Mint User Agreement. This transaction history will include all transactions you complete with Bondhive including tokenizing assets for maxBTC and redeeming maxBTC for assets.
  1. Indemnification; Release
The following only applies to Mint Users: Section 17 of the maxBTC Mint User Agreement is hereby incorporated into these Terms by reference and shall apply in all respects to these Terms and your use of maxBTC Services and our products and services as contemplated herein. The following only applies to Holding Users: You agree to indemnify and hold Bondhive, its affiliates, and service providers, and each of their officers, directors, agents, joint venturers, employees, and representatives harmless from any claim or demand (including attorneys’ fees and any losses, fines, fees or penalties imposed by any regulatory authority) arising out of your breach of these Terms, your violation of any law or regulation or your holding or use of maxBTC. For the purpose of this Section 19, the term “losses” means all net costs reasonably incurred by us or the other persons referred to in this Section which are the result of the matters set out in this Section 19 and which may relate to any claims, demands, causes of action, debt, cost, expense or other liability, including reasonable legal fees (without duplication). If you have a dispute with one or more Mint Users, Holding Users or third parties, you release Bondhive (and its affiliates and service providers, and each of their officers, directors, agents, joint ventures, employees and representatives) from all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.
  1. Limitation of Liability; No Warranty
The following only applies to Mint Users: Section 18 of the maxBTC Mint User Agreement is hereby incorporated into these Terms by reference and shall apply in all respects to these Terms and your use of maxBTC Services and our products and services as contemplated herein. The following only applies to Holding Users: YOU EXPRESSLY UNDERSTAND AND AGREE THAT Bondhive AND OUR AFFILIATES AND SERVICE PROVIDERS, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES, AND REPRESENTATIVES WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY DAMAGES, OR DAMAGES FOR LOSS OF PROFITS INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES (EVEN IF Bondhive HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, RESULTING FROM: (I) THE USE OR THE INABILITY TO HOLD OR USE SPBTC; (II) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION, OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO INVOLVING SPBTC; (III) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; OR (IV) ANY OTHER MATTER INVOLVING SPBTC. 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 maxBTC, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE HOLDING AND USE OF maxBTC. SPBTC IS PROVIDED “AS IS” AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. Bondhive, OUR AFFILIATES, AND OUR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES, AND SUPPLIERS SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. Bondhive MAKES NO WARRANTY THAT (I) maxBTCWILL MEET YOUR REQUIREMENTS, (II) SPBTC WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR (III) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU WILL MEET YOUR EXPECTATIONS.
  1. Force Majeure
Bondhive shall have no liability for any failure or delay resulting from any condition beyond our reasonable control, including but not limited to governmental action or acts of terrorism, earthquake, fire, flood, or other acts of God, labor conditions, power failures, equipment failures, and Internet disturbances.
  1. Amendments
Bondhive may amend any portion of these Terms at any time by posting the revised version of these Terms with an updated revision date. The changes will become effective, and shall be deemed accepted by you, the first time you access or use maxBTC or the maxBTC Services after the initial posting of the revised Terms and shall apply on a going-forward basis with respect to transactions initiated after the posting date. In the event that you do not agree with any such modification, your sole and exclusive remedy is to terminate your use of the maxBTC Services and terminate your status as a Mint User (if any). You agree that we shall not be liable to you or any third party as a result of any losses suffered by any modification or amendment of these Terms. If the revised Terms include a material change, we will provide you with prior notice via our website and/or email before the material change becomes effective. For this purpose a “material change” means a significant change other than changes that (i) are to your benefit, (ii) are required to be made to comply with applicable laws and/or regulations or as otherwise required by one of our regulators, (iii) relates to a new product or service made available to you, or (iv) otherwise clarifies an existing term.
  1. Assignment and Third-Party Holders
You may not transfer or assign these Terms or any rights or obligations hereunder, by operation of law or otherwise and any such attempted assignment shall be void, subject to the following exception. Sending maxBTC to an address will automatically transfer and assign to that Holder, and any subsequent Holder, the right to redeem maxBTC so long as the Holder is eligible to, and does, register as a Mint User. Each Holding User is subject to all terms of these Terms as if a user including, but not limited to, the requirements to not transact with Blocked Addresses and not engage in Restricted Activities or Prohibited Transactions. We reserve the right to freely assign these Terms and the rights and obligations of these Terms to any third party at any time without notice or consent. If you object to such transfer or assignment, you may stop holding and using maxBTC; further if you are a Mint User, you may also stop using our maxBTC Services, and terminate these Terms by contacting Support and asking us to terminate your status as a Mint User.
  1. Survival
Upon termination of these Terms (and termination of your status as a Mint User, if you are a Mint User), all rights and obligations of the parties that by their nature are continuing will survive such termination.
  1. Website; Third Party Content
Bondhive strives to provide accurate and reliable information and content on the Bondhive website, but such information may not always be correct, complete, or up to date. Bondhive will update the information on the Bondhive website as necessary to provide you with the most up to date information, but you should always independently verify such information. The Bondhive website may also contain links to third-party websites, applications, events or other materials (“Third Party Content”). Such information is provided for your convenience and links or references to Third Party Content do not constitute an endorsement by Bondhive of any products or services. Bondhive shall have no liability for any losses incurred as a result of actions taken in reliance on the information contained on the Bondhive website or in any Third Party Content.
  1. Governing Law; Venue
The laws of the British Virgin Islands shall govern these Terms. The courts of the British Virgin Islands shall have exclusive jurisdiction to settle any dispute arising out of, or connected with, these Terms.
  1. Entire Agreement
The following applies to both Mint Users and Holding Users: The failure of Bondhive to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that these Terms shall otherwise remain in full force and effect and remain enforceable between the parties, except as specified in Section 27. Furthermore, if any portion of these Terms, whether in whole, or in part, shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid against certain persons or categories of persons that are purportedly bound by these Terms, such portion of these Terms shall otherwise remain in full force and effect and remain enforceable as to any other persons bound by these terms. The headings and explanatory text are for reference purposes only and in no way define, limit, construe, or describe the scope or extent of such section. These Terms, the maxBTC Mint User Agreement, the General Terms of Service, and Bondhive’s policies governing the holding or use of maxBTC, the use of the maxBTC Services referenced herein, and the Privacy Policy constitute the entire agreement between you and Bondhive with respect to the holding or use of maxBTC, and the use of the maxBTC Services. These Terms are not intended and shall not be construed to create any rights or remedies in any parties other than you and Bondhive and other Bondhive affiliates which each shall be a third-party beneficiary of these Terms, and no other person shall assert any rights as a third-party beneficiary hereunder. The following only applies to Mint Users: Notwithstanding anything to the contrary set forth in these Terms or otherwise, in the event of a conflict between any term set forth herein and any term set forth in the maxBTC Mint User Agreement (i) in connection with any maxBTC transaction, the terms of these Terms shall control, and (ii) in respect of any other Digital Currency transaction, the terms of the maxBTC Mint User Agreement shall control.
  1. E-Sign Consent
Please be aware that your consent to the electronic delivery of disclosures is required to use any of the Services (as defined in the maxBTC Mint User Agreement). If you are unable or unwilling to provide such consent, you will not be able to become a Mint User. Once you are a Mint User you can rescind your consent to electronic delivery of disclosures at any time and receive paper communications as set forth below. This E-Sign Consent applies to any and all communications and/or disclosures that Bondhive is legally required to provide to you in writing in connection with your status as a Mint User and any related products and services (“Communications”). This E-Sign Consent supplements and is to be construed in accordance with the terms and conditions contained in the maxBTC Mint User Agreement. When you use the Services, you agree that we may provide you with any Communications in electronic format, and that we may discontinue sending paper Communications to you, unless and until you withdraw your consent as described below. Your consent to receive electronic communications and transactions includes, but is not limited to:
  • Legal and regulatory disclosures and communications associated with your registration or the Services;
  • Notices or amendments relating to the maxBTC Mint, User Agreement, the Privacy Policy, the Cookie Policy or this E-Sign Consent;
  • Communications regarding any transactions; and
  • Responses to claims filed in connection with your relationships with Bondhive as a Mint User.
Methods of Communication
  • All communications that we provide to you in electronic form will be provided by e-mail, by posting to the Bondhive website [ WEBSITE ], or through other electronic communication such as mobile push notification or text message.
Updating your Information
  • It is your responsibility to provide us with a true, accurate and complete e-mail address, your contact information, and other information related to this E-Sign Consent and your registration, keep such information up to date.
Withdrawing Consent
  • You may withdraw your consent to receive electronic Communications at any time by sending us a written request by email. You understand that any withdrawal of your consent to receive electronic Communications will be effective only after Bondhive has had a reasonable period of time to process your withdrawal. You understand that withdrawing your consent to electronic Communications will likely result in the termination of your status as a Mint User.
Communications in Writing
  • All electronic Communications from us to you will be considered “in writing” and shall have the same meaning and effect as a paper Communication. You should print or download for your records a copy of this E-Sign Consent and any other Communication that is important to you. You acknowledge and agree that Communications are considered received by you within 24 hours of the time posted to the Bondhive website (maxBTC.money), or within 24 hours of the time emailed to you unless Bondhive receives notice that the email was not delivered.
General
  • Bondhive reserves the right, in our sole discretion, to cancel this electronic Communication service, or to terminate or change the terms and conditions on which Bondhive provides electronic Communications. Bondhive will provide you with notice of any such termination or change as required by law.
[END OF DOCUMENT]