XREX Taiwan Supplementary Terms and Conditions for Crypto Loans

Last Updated: July 25, 2025

The terms and conditions herein (the "Terms") shall serve as the usage agreement and fundamental guidelines for Taiwan users of the XREX Taiwan platform (the "Platform", "we", “our company” or "XREX") in connection with the use of Crypto Loan services ( referred to as the "Service").

During the course of using the Service, civil legal relationships or financial characteristics such as collateralized lending and consumer loan arrangements may arise. The Service is suitable for users with trading experience, such as those adopting aggressive or diversified strategies. The corresponding investment profile for Platform users is "moderate".

When participating in Crypto Loan, you should carefully evaluate and fully understand the operational mechanism of the Service and be able to bear the related risks (including but not limited to the collateral system, borrowing costs, and market price fluctuation risks, ). You should assess your risk appetite, financial capacity, and economic situation before using the Service to engage in any transactions.

Before using the Service, you agree to be bound by these Terms and their subsequent updates:

Article 1. Eligibility

You must meet the membership application requirements set forth in the XREX Taiwan General Terms and Conditions and hold a valid account approved through XREX’s KYC verification process in order to use the Service.

Article 2. Services

You may submit a loan application to the Platform and withdraw the borrowed crypto assets. The Platform evaluates your borrowing eligibility and risk level based on the Loan-to-Value ratio (LTV ratio), which is calculated as the market value of the borrowed assets divided by the market value of the collateral. When your LTV ratio reaches a certain level (as published on the Service page), it may trigger the collateral liquidation mechanisms.

Article 3. Collateral and Loaned Assets

Users of the Crypto Loan Service are required to deposit collateral assets (“the Collateral”) on the Platform. Acceptable types of Collateral include BTC, ETH or XAUT. Users may choose to borrow either USDT or USD91. The types of Collateral or loaned assets may be updated at any time during the operation of the Service.

In the event of significant fluctuations in the market value of crypto assets, the Platform may require users to provide additional Collateral to maintain the LTV ratio. However, the Platform is not obligated to do so.

Article 4. Liquidation Mechanism

1. Margin Call Notification When your LTV ratio reaches the Platform’s pre-set alert level, the Platform will attempt to send you a margin call notice via one or more methods, such as in-app push notifications, email, or other applicable channels. This is a reminder for you to manage your risks and replenish your Collateral promptly.

2. Forced Liquidation If your LTV ratio reaches or exceeds the liquidation threshold set by the Platform, the Platform may, without further notice, immediately initiate automated liquidation procedures to sell or dispose of your Collateral in order to repay your outstanding debt. The proceeds from liquidation will be applied in the following order: related fees (such as transaction fees), accrued borrowing costs (interest), and the remaining loan principal.

3. User Responsibilities and Acknowledgments Regarding Liquidation

• You understand and agree that the margin call notification is merely a courtesy reminder provided by the Platform and does not constitute a guarantee or obligation. Due to the highly volatile nature of the crypto market or factors beyond the Platform’s control—such as network delays, third-party communication issues, or the user's device or settings—there may be delays or failures in delivering the notification, or the user may not read it in time.

• You acknowledge that during extreme market fluctuations, the LTV ratio may rapidly rise from the warning level to the liquidation level, and the issuance of a margin call does not guarantee sufficient time to replenish the Collateral. Liquidation may occur shortly after or even simultaneously with the margin call.

• You are primarily responsible for proactively monitoring your LTV ratio and market price fluctuations. You must independently assess the risks and be prepared to replenish Collateral at any time to avoid liquidation. You shall not claim any form of damages or rights against the Platform solely on the basis of not receiving or not receiving in time the margin call notification. The Platform shall not be liable for any losses caused by market fluctuations or the liquidation mechanism.

Article 5. Borrowing Cost

Please refer to the “Legal Disclosures > Internal Policies > Fee Policy” section on our official website for detailed explanations regarding product/service content and related handling fees. The Platform reserves the right to adjust interest rates and will announce changes in advance.

Article 6. Repayment

You may choose to repay part or all of the loan at any time. Borrowing costs will continue to accrue until liquidation or full repayment.

If, after liquidation, your debt remains unpaid due to market illiquidity or severe price fluctuations, you agree that the Platform may restrict the withdrawal or transfer of other assets in your account, and may prioritize such assets to settle outstanding fees, borrowing costs, and principal.

Article 7. Risk Disclosure

Given the high risk of trading activities in crypto, you acknowledge and agree that you assume full responsibility for using the Service. Before deciding whether to use the Service, you should understand and accept the following matters and risks:

• You understand that under extreme market conditions, certain crypto assets may lack liquidity (insufficient order book depth), which could result in slippage—where the actual liquidation price is worse than the market index price—thereby increasing your losses.

• In addition to the value fluctuations of the Borrowed Assets, the value of your Collateral may also fluctuate with the market.If the Collateral becomes insufficient, you may be required to provide additional Collateral, and such changes may result in losses exceeding your original expectations.

• You understand that even after providing additionalCollateralautomatic liquidation may still occur due to delays in deposit processing. Especially to comply e with government regulations, information security measures, and anti-money laundering policies, the Platform may suspend or stop transactions or deposits/withdrawals without prior notice, potentially affecting your ability to perform or resulting in forced liquidation.

• Please note that the Service may be adjusted, suspended, or removed from time to time in accordance with applicable regulations in Taiwan or the internal policies of the Platform.

Article 8. Disclaimer and Limitation of Liability

This Platform, the Service, and all information, content, materials, and services provided through the Platform are provided on an "as is" and "as available" basis. XREX makes no express or implied warranties regarding merchantability, suitability for a particular purpose, ownership, or non-infringement.

All information, data, and services provided by the Platform do not constitute any form of investment, legal, tax, or financial advice. You should make independent judgments based on your own financial condition, risk tolerance, and the advice of professional consultants.

The Platform does not guarantee that the Service or products are legal or properly authorized in the user’s jurisdiction. If your nationality or jurisdiction is not covered by the laws of the Republic of China (Taiwan), you are solely responsible for ensuring the legality of your use of the Service. You shall bear all associated risks and legal responsibilities.

To the extent permitted by law, the Platform shall not be reliable for any direct, indirect, incidental, special, consequential, or punitive damages (including but not limited to loss of profits, business interruption, data loss, or other economic losses) resulting from the use or inability to use the Service.

You understand that laws and regulatory policies regarding virtual assets are still evolving across jurisdictions. Any future changes in policies (e.g., tax treatment, classification, trading restrictions, etc.) may significantly impact the value of virtual assets and the operation of the Service. The governing law of this Platform is the law of the Republic of China (Taiwan). If your nationality or jurisdiction is not subject to Taiwanese law, the Platform cannot guarantee that the products or services are lawful or appropriately authorized in your jurisdiction. You are solely responsible for verifying and ensuring the legality of your use of the products or services locally and shall bear all related risks and legal liabilities.

Article 9. Return of Collateral

Upon partial or full repayment of the debt, the Platform will calculate the equivalent value of the Collateral and shall complete the return of such equivalent Collateral within one (1) business day. The return shall be made in the same type and quantity of assets.

In extreme circumstances (such as delisting of the relevant asset), the Platform may decide to return an equivalent value in fiat currency or stablecoins. The calculation of such equivalent value shall be based on the Platform’s publicly posted prices at the time.

You agree that the Platform reserves the full right to determine the method of return and the type of assets used for such return.

Article 10. Modifications

As our business evolves, XREX may modify the Terms at any time with proper notice. Every modification will be updated on the website. If you do not agree with such changes, please contact our Customer Service Team for further assistance.

Article 11. Matters Not Provided Herein

Matters not addressed herein shall be subject to XREX Taiwan General Terms and Conditions and the applicable regulations.