NANOCARD SPEND CARD TERMS (Non-US Consumer)

These Nano Card Terms (the “Card Terms”) are a binding agreement between you (“you”, or “your”), Nano Advanced Services Limited (“Nano Card”), and Issuer, including its affiliates, successors, and assigns (“Issuer,” “we”, “us”, or “our”) that govern your use of the Nano Cards, including the process for obtaining and managing Nano Cards, access to which is provided to you by Nano Card.

Important Disclosures

Rates, fees, and other important information about your Nano Card Spend Card (“Card”) are set forth in these Important Disclosures.
Effective as of June 25, 2025

• Interest Rates and Interest Charges: 0%

• Annual Percentage Rate (APR) for Purchases: 0%

Your Nano Card Spend Card is currently 0% interest on all purchases. Issuer and Nano Card reserve the right to implement interest in the future, for new purchases. Nano Card will disclose any changes to this agreement prior to the introduction of interest and other charges associated with your Nano Card.

Fees

Transaction Fee – Foreign Purchases

• Foreign Exchange Fee (non-USD): up to 3%

• Cross Border Fee: up to 3%

Penalty Fees

• Late payment: Up to $40

• Returned payment: Up to $29

• Liquidation penalty: Up to $35

1. Terms

Background

The Nano Card is provided to you on behalf of Nano Advanced Services Limited in connection with your status as Nano Card client/customer/authorized user and pursuant to your separate User Agreement between you and Nano Card (the “User Terms”). The Issuer is not a party to the Nano Card User Terms and disclaims any liability for the performance of services covered therein.

Nano Card has opened a Nano Card Account for purposes of facilitating transactions you make using a Card based on a limit established by Nano Card pursuant to the User Terms. You understand that you have access to the Services and Nano Card only to the extent authorized by Nano Card. You acknowledge and agree that Nano Card will satisfy obligations created through your use of the Nano Card and you will repay Partner based on the terms of your User Agreement, subject to the terms below.

You understand that the Nano Card is not intended for personal, consumer, or household use and you agree you will only use the Nano Card for commercial or business purposes.

Details on Nano Card’s collection, use, and handling of your personal data are described in the Nano Card Privacy Policy. Please review it carefully and contact Nano Card if you have any questions.

By opening, using, or maintaining a Card, you consent to and direct Issuer to share information relating to transactions, including receipt information or other personal data, in order to deliver the Services.

Issuer:
The card program is issued by the Issuer under license from Visa. The information about the cost of the Card described in the above table is accurate as of Jan 10, 2025. This information may change after that date. To find out what may have changed, contact Nano Card or refer to the most recent version of the Terms and Conditions.

Defined Terms

• “Card Networks” means the payment card networks including Visa or Mastercard.

• “Charge” means a payment for goods or services made to a merchant that accepts payments on the applicable Card Network.

• “Chargeback” means a dispute that you initiate against a merchant for an unresolved dispute with the merchant or where a Charge is unauthorized.

• “Fee” means charges we impose on you for use of Services or your use of a Nano Card.

• “Issuer” refers to the issuer of the card program. The issuer for this card program is Third National.

• “Periodic Statement” means the periodic statements that reflect activity for all Cards issued to you identifying charges, fees, refunds, or other amounts owed or credited to your Nano Card Account during the time covered by that statement.

• “Supported Blockchains” means the Ethereum Blockchain, Polygon Blockchain, Optimism Blockchain, Arbitrium Blockchain and other blockchain networks which may be added at the sole discretion of Issuer.

Agreement

1. Accepting this Agreement & Eligibility

These Card Terms become effective and legally binding when you activate or create your Card by following the instructions on the Nano Card platform. You and we agree to comply with, and be bound by, this entire agreement. You should retain and carefully review these Card Terms. By creating a card, you agree to the Arbitration Clause below as it pertains to this agreement, even if you do not use the Account or the Card.

By using a Card you represent and warrant in your individual capacity that:

• You are not a person who is blocked or sanctioned by the United States Government, including those identified by the United States Office of Foreign Asset Controls (OFAC).

• You will use the Services exclusively for purposes permitted by these Card Terms and the [Platform] Agreement.

• All information you provide to us, either directly or through Partner, is and will be true, correct, and complete.

• You will not use the Nano Card for personal, family, or household use.

• You will only use the Nano Card in compliance with applicable law.

• You attest that you are not a United States citizen, and that you are signing up for a card that is intended for those outside of the United States.

2. Issuer Terms

Cards are issued either by the issuer identified on the back of the Nano Card issued to you, as identified in these Card Terms, or any other agreements or materials provided to you (in each case, the “Issuer”). Issuer is the creditor responsible for funding your payments for goods and services you purchase at a merchant through your Nano Card and based on information provided by Partner.

Please note that the Issuer may require you to accept additional terms in addition to the agreements you have with Nano Card, and your use of the Nano Cards will then also be subject to such additional terms.

3. Collateral

Either your primary Linked Wallet or any Additional Wallets may provide the collateral that will secure the Charges made by you on any Nano Card (the “Collateral”). The Collateral will be in the form of a Digital Asset. Issuer reserves the right to designate which forms of Digital Assets may be used as Collateral, and reserves the right to decline a form of Collateral if it does not meet its updated policies, guidelines, or the Issuer’s requirements.

A “Liquidation Event” will occur:

1. (a) If you have an outstanding payment obligation to Nano Card or the Issuer or the Partner, as applicable, and such payment obligation has not been paid in full by you within one (1) calendar day; OR

2. (b) The Market Value of your collateral drops below the value of the existing charges on your Nano Card(s) and you do not add additional collateral.

Nano Card and Issuer may allow for an additional grace period at their discretion.

“Market Value” of the Collateral will be determined by Nano Card and/or Issuer using the net redemption value provided by a centralized stablecoin issuer and/or the real-time price posted on a reputable and recognized exchange or price aggregator, or by reference to a price oracle, subject to Nano Card or Issuer’s discretion. You agree that the market value of your collateral is determined solely by Issuer through the above methods. You further agree that the Market Value is determined at the time of a Liquidation Event and any change in or fluctuation in value of the collateral before or after a Liquidation Event will have no bearing on obligations owed to Nano Card and/or Issuer.

You, through one or more of your Linked Wallet or Additional Wallets, will be required to post Collateral that has Market Value in United States Dollars (“USD”) equal to each dollar that is charged to all of your Nano Cards.

For example:
If you provide Digital Assets with a Market Value equal to $100 USD (and that value does not change), your spending limit will be equal to $100 USD across all your Nano Cards. Once $100 USD has been charged to your Nano Cards, you will be required to provide additional Collateral for any incremental Charges.

If the Market Value of your collateral goes down below $100 USD, and you have $100 USD in charges, you may be subject to a Liquidation Event. If the Market Value of your collateral is subject to a Liquidation Event when the Market Value is below your existing charges, you still owe Nano Card and Issuer any difference between the USD value of the charges, and the USD value of the collateral at the time of Liquidation.

Your withdrawal of any Collateral will not terminate any outstanding payment obligations you may have on your Nano Cards.

Nano Card and Issuer will not, in any circumstance, be holding custody of your Collateral. Nano Card is not a custodian or owner of your Collateral. If a Liquidation Event occurs, only the amount required to repay your outstanding financial obligations to Issuer will be liquidated from your Collateral. Any unencumbered Collateral balances shall remain freely accessible. You authorize and consent to Issuer liquidating the Collateral upon a Liquidation Event through a third party or by other means in order to satisfy payment obligations owed by you to Nano Card, the Issuer or other third party, as applicable.

4. Spending Limits

Your spending limit is generally set by Nano Card pursuant to the terms of the Nano Card Terms. Issuer may additionally set spending limits on each Nano Card or an aggregate spending limit across all Nano Cards, at its sole discretion.

Nano Card Account Spending limits are dynamic and may be modified at any time with or without notice to you, including temporary increases or decreases, or reducing spending limits to $0. Any authorized Charge or fee on a Nano Card may reduce your spending limit by a corresponding amount.

When you use Nano Card to initiate a transaction at certain merchants where the amount of the final transaction is unknown at the time of authorization, Issuer may assess a value to such a Charge for an amount higher or lower than the final Charges. The initial “hold” Charge will reduce your spending limit until the final Charge is determined.

5. Purchases & Restrictions

The primary purpose of your Account is to facilitate corporate expenses and other corporate purchases. Nano Card and Issuer reserve the right to block and terminate transactions and suspend access to your Account, unless prohibited by applicable law, for transactions and activity which presents patterns that do not conform with business purposes.

You may use your Account to purchase or lease goods or services (each, a “purchase”) by presenting your Card or providing to participating merchants and establishments that honor the Card your Card number and additional information by any other means (for example, over the phone, online or through a mobile app).

We will not be liable to you (or anyone else) if any merchant or other person cannot or will not process a purchase permitted under these Card Terms.

Unless prohibited by applicable law, we may from time to time limit the type, number and dollar amount of any purchase, including any cash-like transaction, even if you have sufficient available credit to complete the purchase.

Cash-like transactions include, but are not limited to:

• Purchasing travelers checks, foreign currency, money orders, wire transfers, cryptocurrency, other similar digital or virtual currency and other similar transactions;

• Purchasing lottery tickets, casino gaming chips, race track wagers, and similar offline and online betting transactions;

• Person-to-person money transfers and account-funding transactions that transfer currency; and

• Making a payment using a third-party service including bill payment transactions not made directly with the merchant or their service provider.

We reserve the right to deny any purchase for any reason, such as account default, suspected fraudulent or unlawful activity, internet gambling, or any indication of increased risk related to the purchase. We may terminate or suspend your use of the Card or the Account, with or without notice to you before or at the time we take such action.

Cash advances and balance transfers are not available under these Card Terms.

You acknowledge and agree that you have read and understood the “[Partner prohibited activities list]” and that you will not engage in any such activities when using the Services or the Nano Card.

You acknowledge and agree that you will not use the Nano Card:

• for any expense which is not a business expense incurred by you;

• for any purpose prohibited by these Card Terms;

• for, with, or for the benefit of any individual or entity who is blocked or sanctioned by the United States, including those identified by the United States Department of Treasury’s Office of Foreign Assets Control (OFAC);

• for personal, family, or household use.

You will use all reasonable means to protect your Nano Cards and log-in credentials to the Nano Card Account from unauthorized use. You will not allow any other person or third party to use the Services or the Nano Card on your behalf. You will immediately notify us where you know or suspect that access to your Nano Card Account has been compromised or your Nano Card has been lost, stolen, or compromised in any way.

6. Payments

6.1 Promise to Pay

While you will generally repay Nano Card for amounts transacted with your Card, you also promise to pay Issuer or its assignees for all amounts charged to the Account not repaid by Partner, including all purchases, interest, and charges charged to your Account.

You are obligated to repay Nano Card or its assignees for all transactions made using your Card by people you have authorized to use the Card even if their use of the Card exceeds the authorization which you gave them.

6.2 Periodic Statements

You are responsible for payment in full of all Charges and Fees. Your Nano Card Account may include Periodic Statements identifying Charges, Fees, refunds, the amount of your Collateral, any other Card transactions, or other amounts owed or credited to your Nano Card Account.

Periodic Statements may be made accessible to you on your Nano Card Account daily, monthly, or as otherwise prescribed by Issuer. You must notify us promptly if you believe that there are any errors on your Periodic Statement, and submit any disputes or Chargebacks in accordance with these Card Terms.

We are not obligated to send you a monthly statement if we deem your Account to be uncollectible or applicable law does not require us to send you a monthly statement for other reasons.

6.3 Repayments

Where applicable, you may make a repayment for a balance on one or more of your Nano Cards by any means that are permitted by Nano Card and as provided in your Nano Card Account.

Any failure to pay the full amount owed to Nano Card or the Issuer, as applicable, when required is a breach of these Card Terms. You are responsible for all costs or expenses that we may incur in collecting amounts owed but not timely paid, including legal or collections fees and any interest at the maximum rate permitted under law.

6.4 Prepayment

At any time and where applicable, you may pay all or any part of your outstanding Account balance, without penalty. Payment of more than the payment due in one billing cycle will not relieve you of the obligation to pay the entire payment due in subsequent billing cycles.

7. Fees

Subject to applicable law, you agree to pay the following fees:

We will disclose any Fees to you when you are approved for a Nano Card through your Nano Card Account, by updating these Card Terms, or through our website. We may update, add, or change Fees upon 30 days’ notice to you.

Fees we assess may include:

• interest or other finance-related charges,

• periodic fees,

• fees for Card issuance or replacement,

• fees applicable to certain transactions,

• foreign transaction fees,

• usage fees,

• service fees,

• cash advance fees,

• fees for late payments,

• fees for failed payments or returned payments,

• fees for misuse of the Services,

• fees for Liquidation Events, or

• other fees we disclose to you.

You are responsible for Fees in addition to Charges.

7.1 Penalty Fees

(a) Liquidation Fee
A fee may be charged in the event of a Liquidation Event, in accordance with Nano Card’s policies or notices provided to you.

(b) Returned Payment Fee
Each time a payment on your Account is returned or reversed for any reason or we must return any check, instrument, or transaction you send us because it is incomplete or faulty, we will charge you a returned payment fee of $50.00.
However:

• We will not charge a returned payment fee if we are charging a late fee with respect to the same minimum payment due.

• We will never charge a returned payment fee exceeding the minimum payment due that was due immediately prior to the date on which the payment was returned to us.

(c) Additional Fees
We may charge fees for special services you request, in accordance with applicable law.

7.2 Foreign Currency Transactions

If you make a transaction using your Account in a foreign currency (including, for example, online purchases from a merchant located outside of the U.S.), the credit card association will convert any transaction in foreign currency into U.S. dollars using an exchange rate for the applicable central processing date that is:

• Selected by the association from the range of rates available in wholesale currency markets, which rate may vary from the rate the association receives; OR

• The government-mandated rate.

The conversion rate you get may differ from:

• The rate on the transaction date;

• The posting date; or

• The rate that the credit card association gets.

A merchant or other third party may convert a transaction into U.S. dollars or another currency, using a rate they select, before sending it to the credit card association.

Foreign Transaction Fees: up to 3%

8. Chargebacks & Disputes

If you dispute a Charge that appears on your Nano Card Account, you must contact us as soon as possible. You may be required to submit supporting documentation or details to validate your claim. We reserve the right to investigate any disputed Charges and to make a final decision regarding the outcome of the dispute.

If a Chargeback is granted, the relevant funds will be returned to your Nano Card Account or Collateral Wallet, as applicable. You agree to cooperate with any investigation and to respond promptly to requests for information. Failure to respond or provide sufficient evidence may result in the denial of your Chargeback claim.

9. Termination

We may suspend or terminate your Nano Card Account or these Card Terms at any time, with or without notice, and for any reason, including but not limited to:

• Suspected fraud or illegal activity

• Failure to pay Fees or Charges

• Breach of any term in this Agreement

Upon termination, your right to use the Nano Card immediately ceases. You remain liable for all obligations incurred before termination, including Charges and Fees.

10. Communications

You consent to receive all communications from us electronically, including notices, disclosures, and account information, as detailed in our Electronic Communication Consent. You must ensure that your contact information is up to date. Communications may be provided through:

• Email

• The Nano Card web or mobile application

• Other electronic means

We may also send you physical mail at your registered address when required by law or at our discretion.

11. Privacy

Our Privacy Policy governs how we collect, use, and share your personal information.
You can review the policy at: app.nanocard.co/privacy-policy/

By using the Nano Card, you agree to our collection and use of your information in accordance with the Privacy Policy.

12. Limitation of Liability

To the maximum extent permitted by law, Nano Card, the Issuer, and their respective affiliates, officers, employees, or agents will not be liable for any:

• Indirect, incidental, special, or consequential damages;

• Loss of profits, revenue, or data;

• Business interruption;

• Cost of substitute services;

• Or damages arising out of or in connection with the use or inability to use the Card or Services.

Our total liability will not exceed the amount of fees paid by you to us in the 12 months preceding the event giving rise to the liability.

13. Indemnification

You agree to indemnify, defend, and hold harmless Nano Card, the Issuer, and their respective affiliates, employees, and agents from and against all claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or in connection with:

• Your use of the Services;

• Violation of these Card Terms;

• Violation of any law or rights of any third party;

• Or any fraud, negligence, or willful misconduct.

14. Governing Law & Jurisdiction

These Card Terms and any disputes or claims arising out of or in connection with them are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region, without regard to conflict of laws principles.

You agree that any legal action or proceeding related to this Agreement shall be brought exclusively in the courts located in Hong Kong, and you submit to the jurisdiction of such courts.

15. Arbitration Agreement

By using your Nano Card, you agree to resolve any dispute, claim, or controversy arising out of or relating to this Agreement through binding arbitration administered by a recognized arbitration body.

Key points:

• No jury trial: You waive your right to a trial by jury.

• No class actions: You agree not to participate in any class or representative actions.

• Arbitration will be held in Hong Kong, in English, and the award will be final and binding.

This clause survives termination of your relationship with Nano Card or the closure of your Account.

16. Miscellaneous

• Entire Agreement: These Card Terms, along with any referenced agreements (e.g., Privacy Policy, Electronic Consent), constitute the entire agreement between you and us regarding the Card.

• Severability: If any part of these terms is held unenforceable, the remainder will still apply.

• Waiver: Our failure to enforce any provision does not waive our right to later enforce it.

• Assignment: You may not transfer or assign your rights or obligations without our prior written consent. We may assign these terms freely.

• Survival: Certain provisions will survive termination, including Fees, Indemnification, Limitation of Liability, and Arbitration.

Contact Information

If you have any questions or complaints regarding your Nano Card or these Card Terms, please contact us:

• Email (General Support): info@nanocard.co

• Email (Privacy Inquiries): privacy@nanocard.co

• Address:
  Nano Advanced Services Limited
  367–375 QUEEN'S RD
  Central, Hong Kong

Updates to These Card Terms

We may update or amend these Card Terms from time to time. If we make any material changes, we will notify you via:

• Email;

• App or website notification;

• Or other communication channels associated with your Account.

Continued use of the Nano Card after changes are made constitutes your acceptance of the revised terms.
Please regularly review the Terms and Conditions to stay informed.

Regulatory Disclosures

Depending on your jurisdiction, you may have certain consumer rights and protections under applicable law. Nothing in these Card Terms is intended to limit or waive your rights beyond what is permitted under local laws.

You agree that we may use third-party service providers to facilitate services related to your Card, and you authorize such providers to act on our behalf where applicable.

Digital Asset Disclosure

Collateral used to support Nano Card spending limits consists of Digital Assets held in your connected wallet(s). You acknowledge and agree that:

• The value of Digital Assets can fluctuate significantly;

• Market Value is determined at the sole discretion of Nano Card or Issuer, as described in Section 3;

• Liquidation Events may occur, and Nano Card or Issuer may sell part or all of your Digital Assets to cover your obligations;

• You are solely responsible for maintaining sufficient collateral value to avoid Liquidation Events;

• We do not provide investment advice and are not responsible for any gains or losses due to market volatility.

Use of Digital Assets involves a high degree of risk. You should carefully consider whether this arrangement is suitable for your financial situation.

Notices

All notices and communications required or permitted under these Card Terms may be provided electronically in accordance with our Electronic Communications Consent.

You are responsible for ensuring your email address and contact information are up-to-date in your Nano Card Account. Notices are considered received:

• When sent to your registered email address;

• When posted in your Nano Card dashboard or mobile app;

• Or when made available through any other agreed-upon method.

Third-Party Services

Nano Card may integrate with or allow access to services provided by third parties (e.g., wallets, exchanges, analytics tools). Your use of such services is subject to their own terms and conditions.

We are not responsible for:

• Third-party service content or policies;

• Your interactions with such services;

• Or any loss or damages arising from third-party service use.

Always review third-party policies before using them with Nano Card.

Language

These Card Terms are provided in English. In the event of a conflict between the English version and any translation, the English version shall prevail.

Headings

The section headings used in these Card Terms are for convenience only and do not affect the meaning or interpretation of any provision.

Waiver and Cumulative Remedies

A waiver by Nano Card of any breach or default by you under these Card Terms will not be deemed a waiver of any subsequent breach or default. All rights and remedies under these Card Terms are cumulative and in addition to any other rights or remedies available at law or in equity.