LG Bank Terms of Use

[ Last revised: February 1 , 2020]

This contract is between you (referred to here as "you" or with " your " ) and LG Bank. By accessing, using or clicking " I agree " with any of the services provided by LG Bank or one of its affiliates through the site (https://lgbank.io), the API , our mobile applications or any other related services provided by LG Bank or its affiliates , as further described in Section 4 below (collectively, the "Services"), you agree that you have read, understood and accepted all of the terms and conditions contained in this Terms of Use agreement (or these " Terms ") , as well as our Privacy Policy, found at https://lgbank.io. In /privacidade/ addition, when using certain features of the Services, you may be subject to additional terms and conditions applicable to those features.

PLEASE READ THESE TERMS CAREFULLY, AS THEY GOVERN YOUR USE OF THE SERVICES. THESE TERMS CONTAIN IMPORTANT PROVISIONS, INCLUDING AN ARBITRATION PROVISION REQUIRING ALL CLAIMS TO BE RESOLVED BY BINDING ARBITRATION. THE TERMS OF THE ARBITRATION PROVISION ARE SET FORTH IN SECTION 14 BELOW: " RESOLVING DISPUTES: FORUM, ARBITRATION, CLASS ACTION EXEMPTION , APPLICABLE LAW . SUBSTANTIAL RISK OF YOU LOSING MONEY BUYING, SELLING, MAINTAINING OR INVESTING IN DIGITAL CURRENCIES.

BY ACCESSING, USING OR ATTEMPTING TO USE THE SERVICES OF ANY CAPACITY, YOU ACKNOWLEDGE THAT YOU ACCEPT AND AGREE TO BE BOUND BY THESE TERMS. IF YOU DO NOT AGREE, DO NOT ACCESS OR USE THE SERVICES.

1. Conditions of Contract

LG Bank reserves the right to modify or change the Terms at any time and at its sole discretion. LG Bank will notify you of these changes by updating the revised Terms on the web page and changing the item [ Last revised:] " On this page. Any and all modifications or changes to these Terms will be effective immediately upon being posted on the site or released to users. As such, the continued use of LG Bank's services acts as acceptance of the contract and the amended rules. If you do not agree to any modification of these Terms, you must stop using the Services. LG Bank recommends that you review the Terms frequently to ensure that you understand the terms and conditions that apply to your access and use of the Services.

2. Eligibility

By registering to use an LG Bank Account (as defined in Section 5 below), you represent and warrant that (a) you are at least 18 years of age or older to form a binding contract in accordance with applicable law ; (b) you are an individual , legal entity or other organization with full capacity and legal authority to enter into these Terms, © you have not previously been suspended or removed from use of our Services and (d) you do not currently hold an LG Bank Account. If you are entering into these Terms on behalf of a legal entity of which you are an employee or agent, you represent and warrant that you have all rights and authority necessary to bind that legal entity.

3. Prohibition of Use

By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions list, such as the UN Security Council's list of Sanctions, designated as " Specially Designated National " by the OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Department of Commerce's " Denied Persons List. LG Bank retains the right to select its markets and jurisdictions to trade and may restrict or deny the Services in certain countries at its discretion.

4. Description of Services

LG Bank provides an online platform for the custody and sale of digital assets (crypto to crypto) for products commonly known as cryptographic tokens, digital tokens or cryptographic currency (collectively, "Digital Currency"). LG Bank does not provide fiduciary trading resources as part of the Services. LG Bank functions as a platform provider for the custody and sale of digital assets and not as a buyer or seller in transactions between traders .

LG Bank is a digital asset custody platform that INTERMEDIA operations between users, service providers and investment projects in altcoins within the platform.

LG Bank has in its platform, a field for entities and companies to sell and generate some kind of profit with their projects through investment in cryptoactives. However, all investments in altcoins, made at the free will of its users, do not belong to LG Bank, and are the responsibility of third parties who, under contract with LG Bank, have determined to comply with legal standards for the sale of their own cryptoactives, as well as to generate possible profitability, benefit, or appreciation for the buyers.

LG Bank has its own cryptomeda, LG Point (LGP) and is willing to sell and buy its own cryptotoken for its users . This way, each user will be able to buy LGP through crypto currency or through FIAT currency in the countries where LG Bank has representation with a local bank account to receive such amounts. Likewise, each user may sell LGP to LG Bank, through the use of the balance in LGP in mobile phone top-ups and bill payments, as well as directly requesting the corresponding credit and current account of the user in the countries where LG Bank has an account in a local bank to credit such values

LG Bank is also not a market maker. Users must register and open an account with LG Bank as set forth in Section 5 below and deposit digital assets before trading begins. Merchants may request the withdrawal of their digital assets, subject to the limitations set forth in these Terms.

LG Bank endeavors to maintain the accuracy of the information published on the Services, however, it cannot and does not guarantee the accuracy, adequacy, reliability, integrity, performance or fitness for any purpose of the content made available through the Services, and shall not be liable for any loss or damage that may result directly or indirectly from the use of such content. Information about the Services may be subject to change without notice and is provided with the primary purpose of facilitating users to reach independent decisions.

LG Bank does not provide investment advice or consulting and will not be responsible for the use or interpretation of information as stated in the Services or other media . All users of the Services must understand that there are risks involved in trading digital currencies.



5. LG Bank Account Registration and Requirements

one. Registration

All users of the Services (each, a " User ") must register with ( Register Page ) to obtain an LG Bank account (an " Account " ) before using the Services. To register for an Account, you must provide your real name, email address and password, in addition to accepting the Terms of Use, Privacy Policy and Consent Form. LG Bank may, at its sole discretion, refuse to open an account for you . You agree to provide complete and accurate information when opening an account and to promptly update all information provided to LG Bank so that this information is complete and accurate at all times. Each registration is for a single User only and each User (including any User who is a company or legal entity) may keep only one active Account at LG Bank.

b. Verification of user identity

By registering an account with LG Bank, you agree to share personal information requested for identity verification purposes. This information is used specifically for the detection of money laundering, terrorist financing, fraud and other financial crimes on the LG Bank platform. We will collect, use and share this information in accordance with our published Privacy Policy. In addition to providing this information, to facilitate compliance with global industry standards for data retention, you agree to allow us to keep a record of this information for the entire life of your account, plus five years after the account is closed. You also authorize us to make inquiries, directly or through third parties, which are deemed necessary to verify your identity or to protect you and/or us against financial crimes such as fraud.

The identity verification information we request may include, but is not limited to: Name, e-mail address, contact information, telephone number, user name, government issued ID, date of birth, and other information collected at the time of account registration. By providing this necessary information, you confirm that it is accurate and authentic. After registration, you must ensure that the information is true, complete and timely updated with any changes. If there is any reasonable doubt that any information provided by you is wrong, false, outdated or incomplete, LG Bank shall have the right to send a notice to demand corrections , remove relevant information directly and, as the case may be, terminate all or part of the Services to you . You will be solely and entirely responsible for any losses or expenses incurred while using the LG Bank Service if you cannot be contacted by the contact information provided. You acknowledge and agree that you have an obligation to keep all information provided up to date if there are any changes.

BY SIGNING THE ACCOUNT HERE, YOU AUTHORIZE LG BANK TO MAKE REQUESTS, DIRECTLY OR THROUGH THIRD PARTIES, THAT LG BANK DEEMS NECESSARY TO VERIFY YOUR IDENTITY OR PROTECT YOU AND/OR LG BANK AGAINST FRAUD OR OTHER FINANCIAL COLLATERAL CRIMES BASED ON THE RESULTS OF SUCH MATTERS. YOU ALSO ACKNOWLEDGE AND AGREE THAT YOUR PERSONAL INFORMATION MAY BE DISCLOSED FOR CREDIT REFERENCE AND FRAUD PREVENTION OR FINANCIAL CRIME AGENCIES AND THAT THESE AGENT ENTRIES MAY RESPOND TO ALL OF OUR REQUESTS.

c. Account usage requirements

The accounts can only be used by the person whose name is registered. LG Bank reserves the right to suspend, freeze or cancel accounts used by persons other than those whose names are registered. You must immediately notify LG Bank if you suspect or become aware of the unauthorized use of your username and password. LG Bank shall not be liable for any loss or damage arising from the use of your account by you or any third party (whether or not authorized by you ).

d. Account security

LG Bank strives to maintain the security of the user funds entrusted to us and has implemented industry standard protections for the Services. However, there are risks created by individual actions of the user. You agree to consider your access credentials, such as username and password, as confidential information and not to disclose such information to third parties. You also agree that you are solely responsible for taking the necessary security precautions to protect your own account and personal information.

You shall be solely responsible for the safekeeping of your LG Bank account and password for your own account and shall be responsible for all Account activities and LG Bank shall not be liable for any loss or consequence of the authorized or unauthorized use of your account credentials, including, but not limited to, disclosure of information, publication of information, consent or submission of various rules and agreements, by clicking on the site, online contract renewal, etc.

By creating an account, you agree that:
(i) shall notify LG Bank immediately if it becomes aware of any unauthorized use of your LG Bank account and password by any person or any other violation of the security rules;
(ii) you will strictly observe the security, authentication, negotiation, billing, mechanism or procedures for withdrawal from the site / service; and
(iii) you will leave the site following the appropriate steps at the end of each visit.

6. Guidelines for use of services

a. License

Subject to your continued compliance with the express terms and conditions of these Terms, LG Bank provides you with a revocable, limited, non-exclusive, non-transferable, non-sub licensable license to access and use the Services on your computer or other Internet-compatible device for personal and internal use only. You are not permitted to use the Services for any resale or commercial use, including doing business on behalf of another person or entity. All such use is expressly prohibited and will constitute a material breach of these Terms. Content layout , formatting , and access privileges and features to the Services shall be as specified by LG Bank at its sole discretion. All rights not expressly granted under these Terms are reserved. Properly,

These Terms provide only a limited license to access and use the Services. Accordingly, you agree that LG Bank does not transfer ownership or interest in or title to the Services or any intellectual property of LG Bank to you or any other person related to the use of the Services. All text, graphics, user interfaces, visual interfaces, photographs, sounds, works of art, computer code (including html code), programs, software, products, information and documentation, as well as design, structure, selection, coordination, expression, " look and feel" and functionality " and the arrangement of any content contained in or available through the Services are the exclusive property of, controlled and/or licensed by LG Bank or its members, parents, licensors or affiliates.

LG Bank has any comments, suggestions, ideas or other information or materials about LG Bank or the Services you provide, whether by email, through the Services or otherwise ( " Feedback "). You assign to LG Bank all rights, titles and interests in the Feedback, together with all associated intellectual property rights. You shall not be entitled to and shall waive any claim for recognition or compensation based on any Feedback or any modification made based on any Feedback.

b. Restrictions

By using the Services, you agree and undertake to observe the following:

  1. All activities you perform while using the Services will comply with the requirements of applicable laws, regulations, as well as the various guidelines of LG Bank:

  2. Your use of the Services will not violate public interests , public ethics or the legitimate interests of any third party, including any action that may interfere, interrupt, adversely affect or inhibit other Users from using the Services:

  3. You agree not to use the services to engage in market manipulation (such as bomb and dump schemes, wash trading, self-dealing, front execution, quote filling, and counterfeiting or stratification, regardless of whether prohibited by law);

  4. The following commercial uses of LG Bank's data are prohibited unless written consent is granted by LG Bank:
    1) Exchange services using quotes or order book information from LG Bank.
    2) Data feed services or data flow that make use of any market data from LG Bank.
    3) Any other websites / applications / services that charge, or otherwise monetize commercially (including through advertising or referral fees), market data obtained from LG Bank.

  5. You may not modify, reproduce, duplicate, copy, download, store, transmit, disseminate, transfer, disassemble, transmit, publish, remove or alter any property notice or label, license, sublicense, sell, mirror, structure, rent, lease, private label, grant a security guarantee, create derivative works from, or otherwise exploit the Properties or any portion of the Properties without the prior written consent of LG Bank.

  6. You may not (i) use any " direct link ", "scrape page", "robot", " spider " or other automatic device, program, script, algorithm or methodology or any similar or equivalent manual process to access, acquire, copy or monitor any portion of the Properties or otherwise reproduce or circumvent the navigation or presentation structure of the Services to obtain or attempt to obtain any materials, documents or information through any means not intentionally made available by the Services, (ii) attempt to gain unauthorized access to any part or resource of the Properties or any other systems or networks connected to the Services or to any of LG Bank's servers or to any of the Services offered on or through the Services, by hacking, password mining , or any other illegitimate or prohibited means, (iii) probe, verify or test the vulnerability of the Services or any network connected to the Properties, or breach security or authentication measures on the Services or any network connected to the Services; (iv) reverse search, tracking, or seek to track any information about any other user of or visitor to the Services, (v) take any action that imposes an excessive or disproportionately large load on the systems or networks of the Services or LG Bank or any systems or networks connected to the Services, (v) use any device, software or routine to interfere with the proper functioning of the Services or any transaction made on the Services, or the use of others by the Services , (vi) forging headers, impersonating a person, or manipulating identifiers to disguise your identity or the origin of any message or transmission you send to the Services, or (vii) using the Services in an unlawful manner.

By accessing the Service, you agree that LG Bank shall have the right to investigate any violation of these Terms, determine unilaterally whether you have violated these Terms and take action to enforce the relevant rules without receiving your consent or prior notice. Examples of such actions include, among others:


7. Orders and
service charges

  • block and close orders

  • freezing your account

  • report the incident to the authorities

  • publish the alleged violations and actions that have been taken

  • delete any information you have published that violates

a. Purchase of LGP

By purchasing LGP you automatically authorize LG Bank to deduct the fee due for the platform license.

This way, each user will be able to buy LGP through crypto currency or through FIAT currency in the countries where LG Bank has representation with a local bank account to receive such amounts.

b. Sale of LGP to LG Bank

In the sale of LGP to LG Bank will be charged fees to make, through the use of the balance in LGP, mobile phone top-ups and bill payments, as well as directly requesting the corresponding credit and current account of the user in the countries where LG Bank has an account in a local bank to credit such amounts.

c. Conversion of LGP to other cryptomyces

Percentage rates will be charged for conversions from LGP to other cryptomacs

d . Transactions within the platform

Crypto transfer transactions will be charged percentage rates.

You authorize LG Bank to remove any amounts from your account for any applicable fees payable by you under these Terms.

8. Margin Trading

one. Margin trading risks:

Margin trading is highly risky. As a margin trader, you acknowledge and agree that you must access and use the margin trading and lending service at your own risk:

  1. Trading markets are extremely volatile and change rapidly in terms of liquidity, market depth and trading dynamics. Using leverage can work against you as well as for you and can lead to large losses and gains.

  1. You are not eligible to receive bifurcated coins split from any blockchain asset in your margin account, even if you have not participated in any margin trading or lending.

  2. The loan carries risks and the value of your blockchain assets may fall. If the value of your assets falls below a certain level, you are responsible for responding to that market circumstance.

  3. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This may occur, for example, with insufficient liquidity in the market or due to technical problems at LG Bank.

  4. The placing of quota applications will not necessarily limit their losses to the amounts sought, as market conditions may make it impossible to execute such applications.

  5. There is no guarantee against losses on margin trading. As a borrower , you may suffer a total loss in addition to what you have deposited in your margin account.

b. To enter margin trading:

  1. You represent and warrant that you are not from the U.S., South Korea, Canada, Japan , nor are you on any list of trade or economic sanctions, as designated as " Specially Designated National " by the OFAC (Office of Foreign Assets Control of the U.S. Treasury Department).

  1. You must fully understand the risks associated with trading and margin allocation and are solely responsible for any and all commercial and non-commercial activity on your LG Bank account. Do not transact or invest in funds beyond your financial abilities;

  2. You are solely responsible for knowing the true status of any position, even if presented incorrectly by LG Bank at any time;

  3. You agree to maintain in your LG Bank margin account a sufficient amount of blockchain assets required by LG Bank for users to participate in margin trading and return your loan in a timely manner . Failure to maintain a sufficient amount of assets or to return the outstanding loan properly may result in the forced liquidation of assets in your margin account;

  4. LG Bank cannot guarantee loss even with the ability to forcibly liquidate any of its positions. If, after liquidation of your positions, your assets are insufficient to cover the outstanding loan, you will still be responsible for any additional deficit of assets;

  5. LG Bank may, at its sole discretion, take measures to mitigate possible losses to you on your behalf, including, but not limited to, transferring balances from your margin to your foreign exchange account and/or from your exchange to your margin account;

  6. While maintaining the LG Bank system, you agree that you are solely responsible for managing your margin account at risk, including, without limitation, maintaining or closing your position and repaying your loan.

  7. You agree that you carry out all trading, margin trading and/or lending on your own account and claim full responsibility for your activities. LG Bank is not responsible for any losses or damages incurred as a result of the use of any service or failure to understand the risks involved in the general use of assets or the use of our services.

9. Responsibility

one. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW , THE SERVICES, MATERIALS OF LG BANK AND ANY PRODUCT, SERVICE OR OTHER ARTICLES PROVIDED BY OR ON LG Bank'S NAME ARE PROVIDED ON A "AS IS " AND "AVAILABLE" BASIS, AND EXPRESSLY EXPRESSLY EXEMPT YOU , ALL OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE , TITLE OR NON-INFRINGEMENT, OR WARRANTIES OF MERCHANTABILITY OR USE. WITHOUT LIMITING THE FOREAST, LG Bank DOES NOT REPRESENT OR GUARANTEE THAT THE SITE, THE SERVICES OR THE MATERIALS OF LG Bank ARE PRECISIOUS, COMPLETE , RELIABLE, CURRENT, WITHOUT ERRORS OR FREE OF VIRUSES OR OTHER COMPONENTS. LG Bank DOES NOT WARRANT THAT ANY ORDER WILL BE EXECUTED, ACCEPTED, RECORDED OR PERMANISED OPEN. EXCEPT FOR THE EXPRESS STATEMENTS SET FORTH IN THIS AGREEMENT, YOU ACKNOWLEDGE AND AGREE THAT YOU DO NOT RELY ON ANY OTHER WRITTEN OR ORAL STATEMENT OR UNDERSTANDING REGARDING YOUR USE OF AND ACCESS TO THE SERVICES. WITHOUT LIMITING THE FOREAST, YOU UNDERSTAND AND AGREE THAT LG Bank SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES RESULTING FROM OR RELATED TO: (A) ANY INACCURACY , DEFECT OR OMISSION OF DIGITAL CURRENCY PRICING DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, © INTERRUPTION IN ANY DATA AND (D) ANY DAMAGES INCURRED BY THE ACTIONS, OMISSIONS OR BREACH OF THIS CONTRACT OF ANOTHER USER. WRITTEN OR ORAL, WITH RESPECT TO THEIR USE AND ACCESS TO SERVICES. WITHOUT LIMITING THE FOREAST, YOU UNDERSTAND AND AGREE THAT LG Bank SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES RESULTING FROM OR RELATED TO: (A) ANY INACCURACY , DEFECT OR OMISSION OF DIGITAL CURRENCY PRICING DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, © INTERRUPTION IN ANY DATA AND (D) ANY DAMAGES INCURRED BY THE ACTIONS, OMISSIONS OR BREACH OF THIS CONTRACT OF ANOTHER USER. WRITTEN OR ORAL, WITH RESPECT TO THEIR USE AND ACCESS TO SERVICES. WITHOUT LIMITING THE FOREAST, YOU UNDERSTAND AND AGREE THAT LG Bank SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES RESULTING FROM OR RELATED TO: (A) ANY INACCURACY , DEFECT OR OMISSION OF DIGITAL CURRENCY PRICING DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, © INTERRUPTION IN ANY DATA AND (D) ANY DAMAGES INCURRED BY THE ACTIONS, OMISSIONS OR BREACH OF THIS CONTRACT OF ANOTHER USER.

THE DISCLAIMER OF IMPLIED WARRANTIES CONTAINED HEREIN MAY NOT APPLY IF AND TO THE EXTENT PROHIBITED BY THE APPLICABLE LAW OF THE JURISDICTION IN WHICH YOU RESIDE.

b. Exemption from liability for damages and limitation of liability

LG Bank has been advised of the possibility of such damages, except to the extent that there is a certain amount of legal liability for such damages as a result of gross negligence, fraud, and misconduct. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES , SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

NOTwithstanding the above, under no circumstances shall LG Bank, ITS AFFILIATES AND ITS RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, COLLABORATORS be liable, LAWYERS, AGENTS, REPRESENTATIVES, SUPPLIERS, CONTRACTORS OR CONTRACTORS - PERFORMANCE OF SERVICES, OR ANY OTHER PRODUCT, SERVICE OR OTHER ARTICLES PROVIDED BY OR IN THE NAME OF LG Bank OR ITS AFFILIATES UNDER CONTRACT, STATUTE, LIABILITY OR OTHER THEORY, exceeding the amount of fees paid by you to balance under this AGREEMENT FOR THE TWENTY MONTH PERIOD , WHICH IMMEDIATELY PRECISES THE EVENT THAT GIVES THE INCREASE TO THE LIABILITY REQUEST.

c. Indemnification

You agree to indemnify and hold LG Bank, its affiliates, contractors, licensors and their respective directors, officers, employees and agents harmless from and against any claims, actions, proceedings, investigations, demands, proceedings, costs, expenses and damages (including attorneys) ' fees, fines or penalties imposed by any regulatory authority) arising out of or related to (i) your use or conduct in connection with the Services, (ii) your violation or our application of these Terms, or (iii) your violation of any applicable law, regulation or law of a third party while using the Service. If you are required to indemnify LG Bank, its affiliates, contractors, lessees and their respective directors, officers, employees or agents, in accordance with this clause, LG Bank shall have the right, at its sole discretion,

10. Announcements

Please be aware that all official announcements, news , promotions, competitions and airdrops will be listed on our site which we ask all users to consult regularly. LG Bank will not be liable under any form of compensation if users suffer personal loss as a result of ignorance or negligence of the ads.

11. Termination of Contract

You agree that LG Bank shall have the right to immediately suspend your account (and any other accounts belonging to entities or affiliates), freeze or block funds in all such accounts and suspend your access to LG Bank for any reason, including if such accounts are suspected of violating these Terms, our Privacy Policy or any applicable laws and regulations. You agree that LG Bank shall not be liable for any modification, suspension or permanent or temporary termination of your account or access to all or part of the Services. LG Bank shall have the right to maintain and use transaction data or other information related to these accounts. The above account controls can also be applied in the following cases:

  • The account is subject to governmental process, criminal investigation or other pending litigation;

  • We detected unusual activity on the account;

  • We detected unauthorized access to the account;

  • We are obliged to do so by court order or command of a regulatory / government authority

In case of any of the following events, LG Bank will have the right to directly terminate this contract by cancelling your account, and will have the right to permanently freeze (cancel) the authorizations of your account at LG Bank and withdraw the corresponding account from LG Bank :

  • after LG Bank closes down the services for you ;

  • you supposedly register or register the name of any other person as an LG Bank user again, directly or indirectly;

  • the information you have provided is false, inaccurate, outdated or incomplete; when these Terms are changed, you expressly state and notify LG Bank of your unwillingness to accept the changed Terms;

  • you request that the Services be terminated; and

  • any other circumstances in which LG Bank thinks it should terminate the services.

If your account is closed, the account and transactional information necessary to meet data retention standards will be safely stored for 5 years. In addition, if a transaction is not completed during the Account closing process, LG Bank shall have the right to notify its counterparty of the situation at that time. You acknowledge that an account withdrawal initiated by the user (right of exclusion according to the GDPR or other equivalent regulations) will also be subject to the termination protocol indicated above.

If LG Bank receives notification that all funds held in your account have been stolen or are not otherwise legally held by you , LG Bank may, but is under no obligation to, place an administrative hold on the affected funds and your account. If LG Bank places an administrative withholding on some or all of its funds or account, LG Bank may continue with this withholding until such time as the dispute is resolved and evidence of the resolution acceptable to LG Bank is provided to LG Bank in a manner acceptable to LG Bank . LG Bank will not be involved in any dispute or its resolution. You agree thatLG Bank will not be liable for such withholding or for your inability to withdraw funds or execute transactions during the period of such withholding.

a . Funds remaining after account closure

Except as provided in subsection (b) below, once the account is closed / withdrawn, all remaining balance (which includes charges and liabilities due to LG Bank) in the account will be paid immediately to LG Bank. After payment of all outstanding charges to LG Bank (if any), the User will have 5 working days to withdraw all funds from the Account.

b. Funds remaining after account closure due to fraud, breach of law or violation of these terms)

LG Bank maintains full custody of the funds and User data/information that may be delivered to government authorities in the event of suspension/closure of the Account arising from fraud investigations, violation of legal investigations or violation of these Terms.

12. No financial advice

LG Bank is not your broker, agent or consultant and has no fiduciary relationship or obligation to you in connection with negotiations or other decisions or activities undertaken by you using the Services. No communication or information provided to you by LG Bank is intended or should be considered or interpreted as investment advice, financial advice, commercial advice or any other type of advice. All trades are executed automatically, based on the parameters of your order instructions and in accordance with published trading execution procedures, and you are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance . You should consult your legal or tax professional about your specific situation. LG Bank does not recommend that any digital currency be bought, obtained, sold or held by you . Before making the decision to buy, sell or hold any digital currency, you should perform your own audit and consult with your financial advisors before making any investment decision. LG Bank is not responsible for decisions you make to buy, sell or hold the Digital Currency based on information provided by LG Bank.

13. Compliance with local laws

It is the User's responsibility to comply with local laws regarding the legal use of LG Bank in his/her local jurisdiction. Users must also take into consideration, in accordance with local legislation, all aspects of taxation, withholding, collection, reporting and referral to the appropriate tax authorities. All LG Bank users and any of its services acknowledge and declare that the source of their funds comes from legitimate and not derived from illegal activities. LG Bank maintains a cooperative posture with police authorities around the world and will not hesitate to seize, freeze, close the account and funds of Users that are flagged or investigated by legal mandate.

14. Privacy Policy

Access to the Services will require the submission of certain personally identifiable information. Please see LG Bank's Privacy Policy for a summary of LG Bank' s practices regarding the collection and use of personally identifiable information.

15. DISPUTE RESOLUTION : FORUM, ARBITRATION, CLASS ACTION EXEMPTION , APPLICABLE LAW

READ THIS SECTION CAREFULLY, INVOLVING AN EXEMPTION FROM CERTAIN RIGHTS TO BRING LEGAL PROCEEDINGS, INCLUDING AS A CLASS ACTION FOR US RESIDENTS.

a. Notification of Dispute. Contact LG Bank first! LG Bank wishes to resolve your concerns without recourse to formal legal proceedings. Before filing a complaint, you agree to attempt to resolve the dispute informally by contacting LG Bank first in your support channels.

b. Arbitration agreement. You and LG Bank agree to resolve any claims relating to this Agreement (including any doubt as to its existence, validity, termination or any services or products provided and any representations made by us) by final and binding arbitration, except as set forth in Exceptions to the Arbitration Agreement below. You agree to first give us the opportunity to resolve any complaint by contacting us as set out in subsection (a) above. If we are unable to resolve your claims within 60 days of receipt of the notice, you may obtain relief through arbitration or the Small Claims Courts of the Republic of Estonia as set out below.

c. Arbitration procedure. You or LG Bank may submit a dispute (after you have made good faith efforts to resolve it in accordance with subsections (a) and (b) above) for final binding resolution by arbitration in accordance with the Arbitration Rules of the Arbitration Chambers indicated, which are considered incorporated by reference . The award on any award may be made in any court having jurisdiction over the party (or the party's property) due.

d. Exceptions . Either party may choose to pursue the claims if the claims and either party may seek an interim relief or other equitable relief urgently in a court of competent jurisdiction. However, for the avoidance of doubt, when the claims are outside the jurisdiction of the Republic of Estonia, the claims will be forwarded and finally resolved by the Arbitral Chamber appointed by LG Bank which, by accepting this Term you agree to resolve the disputes in this manner.

and notice . To initiate an arbitration process, you must send a letter requesting arbitration and describing your claims to LG Bank. If we request arbitration against you , we will notify you at the email address or the address you provided.

f. Control Law. This Agreement is governed by the law of the Republic of Estonia, except for principles of conflict of laws, unless otherwise required by a mandatory law of any other jurisdiction.

16. Miscellaneous

a. Independent parties. LG Bank is an independent contractor and not your agent in the performance of these Terms. These Terms shall not be construed as evidence of association, joint venture, partnership or franchise between the parties.

b. Total agreement. These Terms constitute the entire agreement between the parties on the use of the Services and supersede all prior agreements between the parties, written or oral. No commercial or other regular practice or method of negotiation between the parties shall be used to modify, interpret, supplement or alter the terms of these Terms.

c. Force majeure. LG Bank shall not be liable for any delay or failure in performance as required by these Terms due to any cause or condition beyond LG Bank's reasonable control.

d. Divisibility. If any part of these Terms is held to be invalid or unenforceable, such invalidity or enforceability shall not affect the other provisions of these Terms, which shall remain in full force and effect, and the invalid or unenforceable part shall have effect to the greatest extent possible.

and Task. You may not assign or transfer any right to use the Services or any of your rights or obligations under these Terms without our prior written consent, including by operation of law or in connection with any change of control. LG Bank may assign or transfer any or all of its rights or obligations under these Terms, in whole or in part, without prior notice or obtaining your consent or approval.

f. Resignation . The failure of a party to enforce any provision shall not affect that party's right to require enforcement at any time thereafter, nor shall the waiver of any breach or default in these Terms or any provision of these Terms constitute a waiver of any subsequent breach or default or waiver of the provision itself.

g. Disclaimer for third-party websites. Any links to third party websites of the Services do not imply endorsement by LG Bank of any products, services or information presented therein, nor does it guarantee the accuracy of the information contained therein. In addition, because LG Bank has no control over the terms of use or privacy practices of third-party websites, you should read and understand these policies carefully.

h. Contact Information. For more information about LG Bank, please consult the company and license information found on the website. If you have any questions about this contract, please contact LG Bank for clarification through our Customer Support team.