Earn Service Agreement

This Earn Services Agreement (“Agreement”) is an agreement between you and Tennet Technologies Inc. (“Tennet”), a company incorporated under the Labuan Companies Act 1990 of the Labuan Financial Services Authority in the Federal Territory of Labuan, Malaysia

This Agreement constitutes a part of and is supplemental to the Terms of Use (the “Terms of Use”). Unless otherwise defined herein, the terms used in this Agreement shall have the same meaning as specified in the Terms of Use.

Tennet’s Earn Service (“Earn Services”) provides our customers with the opportunity to potentially earn a return by depositing certain Digital Assets into an Earn Service account (“Earn Account”), on the terms and subject to the conditions set out in this Agreement.

Any person located in any of the Restricted Jurisdictions are strictly prohibited from using the Earn Services provided herein.

By applying for or using the Earn Services, you acknowledge, understand and agree to all terms of this Agreement, including any amendments and updates we may make to the Agreement at any time, and the Terms of Use.

  1. EARN SERVICES
    1. Eligibility. To be eligible for the Earn Services, you must satisfy all of the following conditions:
      1. you must be eligible for, and have a valid and operating Account;
      2. you must comply with all of our verification, authentication, loan eligibility, credit worthiness and other checks and procedures; and
      3. such other terms and conditions as may be set out on the Site or otherwise.

      We reserve the right to suspend, modify or terminate any Earn Account at any time.

    2. Application. You may be entitled from time to time to apply for the products available under the Earn Services. Each application shall be subject to our approval, this Agreement and to such additional terms and conditions as we may impose. By using the Earn Services or by submitting an application, you are representing, warranting and undertaking to Tennet that you have read and agree to be bound by all supplemental information and policies relating to the operation of the Earn Services.
    3. Deposit of Digital Assets. If your application is accepted, you must deposit such type(s) and quantity(ies) of Digital Assets as is instructed (“Deposits”) into the Earn Account. Should you fail to deposit the Digital Assets as instructed within the stipulated timeframe (or in the absence of such timeframe being instructed, 2 Business Days), the acceptance of your application may be withdrawn without notice to or authorization by you.
    4. Premature Redemptions and Withdrawals. Premature redemptions and/or withdrawals, whether in whole or in part, may be made only with our prior written consent and upon such terms as we may in its absolute discretion impose from time to time, including, without limitation, no payment of interest, recovery of interest paid, payment of our cost of replacing funds, and/or the payment of administration fees.
    5. Earned Returns. You authorize us to deposit into your Account and/or Earn Account any earned return on a Digital Asset held in your Earn Account in accordance with the rules of the platform.
    6. Violation of Platform Rules. In the event that you violate the rules of the platform, we have the right to take necessary steps including, but not limited to, freezing your Earn Account or deducting any Digital Assets previously rewarded to you.
    7. Our Fees. In connection with your use of the Earn Services and any products available thereunder, we shall be entitled to charge fees from time to time. You agree to pay all fees associated with or incurred by your use of the Earn Services and/or any product available thereunder. We reserve the right to change, modify or increase our fees at any time. Any change to our fees will take effect immediately upon our notification of such change. By continuing to access or use the Earn Services or any product available thereunder, you are agreeing to our new fees.
    8. Consent to Rehypothecate. Except where prohibited or limited by applicable law, in consideration for any interest earned through the use of our Services, you grant us with the right, without further notice to or authorisation from you, to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any portion of the Digital Assets held in your Earn Account, separately or together with other property, with all attendant rights of ownership for any period of time without retaining in our possession and/or control a like amount of Digital Assets. You acknowledge that, with respect to Digital Assets used by us pursuant to this paragraph, you may not be able to exercise certain rights of ownership and that we may receive compensation in connection with lending or otherwise using cryptocurrency in its business to which you will have no entitlement.
    9. Interests and Returns. Unless specifically mentioned per product or agreed upon by us in writing, interest or returns earned will not accrue additional interest or returns, and you will continue to accrue interest and returns based solely upon the subscribed Digital Asset held in your Earn Account. Where any interest rate or return is expressed over a time period and your period of subscription is not equal to that time period, we will pro rate the interest or returns accrued in accordance with our platform rules. We will determine the applicable interest rates and returns for each product in our sole discretion, and you acknowledge and agree that such rates may fluctuate. Unless we agree or indicate otherwise, all interest and returns will be paid in the same Digital Asset that was used to subscribe.
    10. No Guarantee of Returns. Using the Earn Services and/or any products available thereunder does not guarantee you any interest, proceeds or any fixed rate of return. Any rate of return indicated on the Site is an estimate and is indicative only, and which can change at any time without prior notice.
    11. No Advice. We are a technology service provider connecting you with various third parties. We do not offer any fiduciary services, and we are not your agent, advisor or fiduciary. To the maximum extent permitted by applicable law, we make no representation or warranty whatsoever on the advisability of participating in any products available under the Earn Services. The past performance of any product available under the Earn Services is not a guarantee of, and is not indicative of, future results.
    12. Network Control. We do not own or control any of the underlying software through which blockchain networks are formed and Digital Assets are created and transacted. In general, the underlying software for blockchain networks is open source such that anyone can use, copy, modify, and distribute it. By using the Earn Services or any product available thereunder, you understand and acknowledge that we are not responsible for the operation of the underlying software and networks that support Digital Assets and that we make no guarantee of functionality, security, or availability of such software and networks.
    13. Risks. The products available under the Earn Services may offer returns over a predetermined period of time and you will not be able to access your Digital Assets for the duration of the subscription. There are numerous risks associated with the use of the Earn Services and products available thereunder, including but not limited to:
      1. credit risk — the risk of not getting paid interest and/or principal when it becomes due as the result of a default event;
      2. default risk — the risk of default where you may lose both interest and principal;
      3. interest rate risk — the potential for investment losses resulting from a change in interest rates. Interest rate risk may arise as the supply and demand of Digital Asset lending activities change, which may directly impact interest rates;
      4. liquidity risk — the lack of marketability of a Digital Asset such that it cannot be bought or sold quickly enough to prevent or minimise a loss. It is common for certain Digital Assets to suffer from poor liquidity. We do not warrant that there is an active trading market or that the prices on our exchange will at any time be the best price in the market;
      5. regulatory risk — the regulatory status of the Earn Services and products available thereunder is unclear or unsettled in many jurisdictions, and regulatory action could result in adverse and/or unintended consequences;
      6. third party risk — third parties may control and/or take ownership of your Digital Assets and such third parties may conduct fraudulent or unauthorized activities which may result in the loss of all your Digital Assets;
      7. taxation risk — adverse and/or unintended tax consequences may arise in connection with the use of the Earn Services and/or the products available thereunder; and
      8. technical risk — computer bugs, network delays, computer system failures and force majeure events may lead to delay, suspension or deviation in the execution of the Earn Services. We do not bear any responsibility if the final execution does not match your expectations due to any of the above referenced factors.
      9. market risk – as the price of digital currency fluctuates significantly, the market value of the digital assets you receive on product expiry date may be less than the market value of your original purchased amount due to market price actions or market failure.

      When you use the Earn Services and/or any product available thereunder, you acknowledge the risks of investing in cryptocurrencies. You agree that all of your investment activities conducted on the platform represent your true investment intentions and that you unconditionally accept the potential risks of your investment decisions.

    14. Third Party Service Providers. The Earn Services may be facilitated by various third party service providers. Use and continued use of the Earn Services may require you to agree to the terms and conditions of such third parties. We make no representation, warranty or commitment and shall have no liability or obligation whatsoever in relation to the content or use of, or correspondence with, any third-party service provider, or any transactions completed, and any contract entered into by you, with any such third party. Any contract entered into and any transaction completed with any third party service provider is between you and the relevant third party, and not with us. We recommend that you refer to the third party's terms and conditions and privacy policy prior to using the relevant third-party service providers. Even though the Earn Services may be facilitated by certain third-party service providers, we do not endorse any of them and your use of their services shall be at your own risk.
  2. FIXED DEPOSIT
    1. Applicability. This clause 2 applies only with respect to the fixed deposit product available under the Earn Services (“Fixed Deposit”).
    2. Fixed Deposit. Where Fixed Deposit is available, we only provide the interface to enable you to connect with various third-party borrowers or facilitators (whether centralized or otherwise) on various supported blockchain networks, potentially allowing you to earn interest and fees from third parties. You will be providing your own Digital Asset for lending products and liquidity provisioning directly to these third parties. The interest rate and fees are independently determined by these third-party protocols and we do not provide any representation, warranty or guarantee in connection with the interest rate and fees that may be generated.
    3. Supported Products. We may from time to time change the list of supported products without notice to or authorization from you. If you have any Digital Assets held under any Fixed Deposit product which we subsequently cease to support, you acknowledge and agree that we may at any time terminate the Fixed Deposit (without being liable for any loss, damages or liability to you).

  3. STAKING
    1. Applicability. This clause 3 applies only with respect to staking products available under the Earn Services (“Staking”).
    2. Staking. Where Staking is available, we only provide the interface and infrastructure to enable you to potentially interact with various supported blockchain networks, potentially allowing you to earn staking income through participation in the proof-of-stake consensus mechanism by providing your own Digital Assets as security deposit against malicious behaviour. Staking income is independently determined by third party blockchain networks and we do not provide any representation, warranty or guarantee in connection with the returns that may be generated.
    3. Supported Blockchains. We may from time to time change the list of supported blockchain networks without notice to or authorization from you. If you have staked Digital Assets with any blockchain network which we subsequently cease to support, you acknowledge and agree that we may at any time terminate the staking arrangement and deposit the staked Digital Assets back to you (without being liable for any loss, damages or liability to you).

  4. STRUCTURED PRODUCTS
    1. Applicability. This clause 4 applies only with respect to the structured products available under the Earn Services (“Structured Products”).
    2. Structured Products. Where Structured Products are available, we only provide the interface and infrastructure to enable you to potentially interact with various third-party borrowers or facilitators (whether centralized or otherwise) on various supported blockchain networks, potentially allowing you to earn returns from third parties. You will be providing your own Digital Asset directly to these third parties to purchase the Structured Products. The mechanism and yields are independently determined by these third-party protocols and we do not provide any representation, warranty or guarantee in connection with the mechanism and yields that may be generated.
    3. Supported Products. We may from time to time change the list of supported products without notice to or authorization from you. If you have held or are holding onto any Structured Products which we subsequently cease to support, you acknowledge and agree that we may at any time terminate such Structured Products held by you (without being liable for any loss, damages or liability to you)