Terms of Use

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1. Acceptance of Terms

The website located at https://www.1st.app/ and all associated subdomains, mobile applications, desktop applications, APIs, and related services (collectively, the “Site”) is a copyrighted work belonging to GTFO DAO LLC (“Company”, “us”, “our”, “our DAO” and “we”). Certain features of the Site may be subject to additional guidelines, terms, or rules, which will be posted on the Site in connection with such features. All such additional terms, guidelines, and rules are incorporated by reference into these Terms. These Terms of Use (“Terms”) set forth the legally binding terms and conditions that govern your use of the Site. By accessing or using the Site, you are accepting these Terms (on behalf of yourself or the entity that you represent), and you represent and warrant that you have the right, authority, and capacity to enter into these Terms. You may not access or use the Site if you are not at least 18 years old. If you do not agree with all of the provisions of these Terms, do not access and/or use the Site. 1.1 Prohibited Jurisdictions Residents of the Republic of the Marshall Islands are strictly prohibited from accessing or using the Site. 1.2 Sanctions Compliance You may not access or use the Site if you are: (a) a resident, national, or agent of any country subject to comprehensive sanctions by the United States, United Nations, European Union, or United Kingdom, including but not limited to Iran, North Korea, Syria, Cuba, and the Crimea, Donetsk, and Luhansk regions; (b) identified on any list of prohibited or restricted parties, including but not limited to the lists maintained by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the U.S. Department of Commerce, the U.S. State Department, the United Nations Security Council, the European Union, or His Majesty’s Treasury of the United Kingdom; or (c) owned or controlled by any such person or entity. By accessing the Site, you represent and warrant that you are not subject to any such restrictions. We reserve the right to implement technical measures to enforce these restrictions, including but not limited to blockchain analytics and geo-blocking.

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2. Access to the Site

2.1 License Subject to these Terms, the Company grants you a non-transferable, non-exclusive, revocable, limited license to use and access the Site solely for your own personal, non-commercial use. 2.2 Certain Restrictions The rights granted to you in these Terms are subject to the following restrictions: (a) you shall not license, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Site; (b) you shall not modify, make derivative works of, disassemble, reverse compile, or reverse engineer any part of the Site; (c) you shall not access the Site to build a similar or competitive website, product, or service; (d) no part of the Site may be copied, reproduced, distributed, republished, downloaded, displayed, posted, or transmitted unless expressly stated. 2.3 Modification Company reserves the right to modify, suspend, or discontinue the Site (in whole or in part) at any time, without notice. 2.4 No Support or Maintenance You acknowledge that the Company has no obligation to provide support or maintenance related to the Site. 2.5 Ownership All intellectual property rights in the Site and its content are owned by the Company or our suppliers. These Terms do not transfer any rights to you, except as explicitly stated. 2.6 Feedback You assign to us all rights in any feedback or suggestions you provide, and agree that we may use them without compensation or obligation to you. 2.7 Protocol Interface Disclaimer The Site is a user interface provided by our DAO LLC for interacting with decentralized smart contracts deployed on public blockchain networks. The Company does not control, operate, own, or custody any such smart contracts or the assets that may be exchanged through them. Transactions are final and irreversible. Users are responsible for all network gas fees. The Company may charge trading fees as displayed on the Site, which may change at any time. The Company is not a counterparty to any onchain transaction and does not act as a broker, dealer, exchange, or money services business. 2.8 No Investment Advice or Securities Offering Nothing on the Site constitutes legal, tax, investment, or financial advice. The Site is not a solicitation or offer to buy or sell any security or digital asset. You are solely responsible for evaluating your decisions in consultation with legal and financial advisors. 2.9 Embedded Wallet Functionality The Site utilizes embedded wallet technology provided by Privy.io (“Privy”). By using the Site:

• (a) Wallets are programmatically created and managed through Privy’s infrastructure;
• (b) Private keys are sharded and secured across multiple security boundaries;
• (c) During normal operations, private keys are only temporarily reconstructed in secure execution environments;
• (d) You CAN export your wallet’s private key through the Site’s export functionality or by contacting support;
• (e) Wallet recovery depends on Privy’s authentication and recovery mechanisms;
• (f) The Company relies on Privy for wallet infrastructure and is not responsible for Privy service interruptions;
• (g) Additional terms at privy.io/terms may apply;
• (h) All user wallet data, including keys, can be exported at any time.

2.10 Third-Party Wallet Infrastructure Provider The Company utilizes Privy.io as its wallet infrastructure provider. You acknowledge and agree that:

• (a) Your use of wallet services is also subject to Privy’s Terms of Service and Privacy Policy;
• (b) The Company is not liable for any failures, interruptions, or security breaches in Privy’s infrastructure;
• (c) Privy processes certain personal data as described in their Privacy Policy;
• (d) The Company acts as a controller, and Privy acts as a processor of wallet-related data;
• (e) You release the Company from any claims arising from Privy’s services or infrastructure.

Section 2.11 - Non-Custodial Nature

• (a) The Company NEVER has access to your complete private keys;
• (b) This is a non-custodial service despite embedded wallet architecture;
• (c) Only you can export and control your private keys;
• (d) The Company cannot recover lost authentication credentials;
• (e) You bear full responsibility for wallet security and access.

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3. User Representations and Warranties

By accessing or using the Site, you represent and warrant that: (a) you are at least 18 years old and have the full right, power, and authority to enter into and comply with these Terms; (b) you are not accessing or using the Site for any illegal or unauthorized purpose; (c) you understand the risks associated with decentralized finance, blockchain technology, and central limit order book (CLOB) trading; (d) you are a sophisticated user capable of evaluating the financial and technical risks of your transactions; (e) you are not relying on the Company for any investment, financial, tax, or legal advice; (f) you have the lawful right to trade, transfer, and transact with any digital assets you use on the Site; (g) you understand that blockchain transactions are irreversible and final; (h) you will comply with all applicable laws and regulations in your jurisdiction, including tax obligations; (i) your use of the Site will not violate any law or regulation applicable to you; (j) you are solely responsible for determining the tax implications of your transactions; (k) you have read and understood all risk disclosures in these Terms; and (l) all information you provide to us is true, accurate, and complete.

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4. Accounts

4.1 Account Creation To access certain features, you may need to register an account. You represent that all registration information is accurate, and you agree to keep it up to date. 4.2 Account Responsibilities You are responsible for all activities under your account and for maintaining the confidentiality of your login information.

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5. Prohibited Activities

You agree not to engage in any of the following activities: (a) market manipulation, including but not limited to wash trading, spoofing, layering, or any other practice intended to mislead other users about supply, demand, or price; (b) placing orders you do not intend to execute or placing and canceling orders to create false impressions of market activity; (c) using automated systems, bots, or scripts without our express written permission; (d) engaging in any form of front-running, sandwich attacks, or other exploitative trading practices; (e) exploiting any bug, vulnerability, or unintended feature in the Site or smart contracts instead of responsibly disclosing it; (f) using the Site for money laundering, terrorist financing, or any other illegal financial activity; (g) attempting to circumvent any rate limiting, access controls, or security measures; (h) engaging in any activity that could disable, overburden, or impair the Site or interfere with any other party’s use of the Site; (i) accessing the Site while subject to any sanctions or from any prohibited jurisdiction; (j) reverse engineering, decompiling, or otherwise attempting to discover the source code of the Site; (k) sharing, selling, or transferring your account access to any third party; (l) using the Site to violate any applicable law or regulation; (m) impersonating any person or entity or misrepresenting your affiliation with any person or entity; (n) collecting or harvesting any information from the Site or its users; (o) using the Site in any manner that could damage our reputation or business; or (p) encouraging or enabling any other party to do any of the foregoing.

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6. Third-Party Links & Other Users

The Site may contain links to third-party sites and ads. We do not control or endorse them. Your interactions with third-party content are at your own risk. The Company is not liable for any disputes between you and other users or third parties. 6.1 Release You release our DAO LLC and its agents from claims related to other users and third parties. If you are a California resident, you waive Civil Code §1542.

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7. Data and Privacy

7.1 Blockchain Transparency You acknowledge and agree that: (a) all transactions conducted through the Site are recorded on public blockchains; (b) your wallet address and complete transaction history are permanently and publicly visible; (c) anyone can view your trading activity, balances, and interactions with the protocol; (d) blockchain data cannot be deleted or modified once recorded; (e) you have no expectation of privacy regarding any on-chain activities. 7.2 Data Collection and Use We may: (a) collect and analyze blockchain data, including wallet addresses and transaction patterns; (b) use analytics tools to monitor Site usage and improve our services; (c) collect technical information such as IP addresses, browser type, and device information; (d) share information with law enforcement or regulatory authorities when required by law; (e) use third-party services for analytics, security, and compliance purposes. (f) send you promotional communications about new features, products, or services, with the ability to opt-out of such communications 7.3 No Right to Deletion Due to the immutable nature of blockchain technology, you cannot request the deletion of any on-chain data or transaction history. Section 7.4 - Privy Data Sharing By using embedded wallets:

• (a) Authentication data is shared with Privy for wallet access;
• (b) Transaction patterns may be analyzed by Privy for security;
• (c) Wallet addresses and metadata are processed by Privy;
• (d) You consent to data processing as described in Privy’s Privacy Policy;
• (e) Data portability includes wallet key export capabilities.

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8. Technical Access Controls

The Company reserves the right to: (a) implement geo-blocking or IP restrictions to comply with sanctions and regulatory requirements; (b) use blockchain analytics tools to identify and block sanctioned or suspicious wallet addresses; (c) impose rate limits on API calls, order placement, or other Site functionality; (d) require additional verification or authentication for certain features or transactions; (e) employ CAPTCHAs, proof-of-work, or other measures to prevent automated abuse; (f) monitor for unusual trading patterns or potential market manipulation; (g) temporarily suspend or restrict access to the Site during security incidents or attacks; (h) modify API access limits or functionality without prior notice; (i) block or restrict access from specific IP addresses, wallet addresses, or jurisdictions; and (j) implement any other technical measures necessary to protect the Site, users, or comply with applicable laws.

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9. Regulatory Cooperation

You acknowledge and agree that: (a) the Company will cooperate with all valid subpoenas, court orders, and regulatory requests; (b) we may freeze, restrict, or terminate your access if required by any governmental authority; (c) we may implement know-your-customer (KYC) or anti-money laundering (AML) procedures if required by law; (d) we may share your information with law enforcement or regulatory authorities when legally obligated; (e) you waive any claims against the Company for actions taken in good faith compliance with legal or regulatory requirements; (f) we may modify the Site or these Terms to comply with changing regulations; (g) we are not liable for any losses you incur due to our compliance with legal obligations; and (h) we may prohibit access from additional jurisdictions based on regulatory developments.

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10. Indemnification

You agree to indemnify, defend, and hold harmless our DAO LLC, its affiliates, and their respective officers, directors, employees, agents, and representatives from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising from or relating to: (a) your use of the Site or any services accessed through the Site; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; (d) your infringement of any intellectual property or other rights of any third party; (e) any tax obligations or liabilities arising from your trading activities; (f) regulatory penalties or fines resulting from your activities; (g) losses arising from your interactions with smart contracts; (h) claims by third parties affected by your trading strategies or order patterns; (i) any MEV extraction, sandwich attacks, or other exploitative practices you engage in; (j) your failure to comply with sanctions or other restrictions; (k) your exploitation of any bugs or vulnerabilities instead of responsible disclosure; (l) any harm resulting from blockchain forks, network congestion, or technical failures; (m) disputes between you and other users of the Site; or (n) any misrepresentations you make in connection with your use of the Site.

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11. Disclaimers

The Site is provided “as is” and “as available” without warranties of any kind. Use it at your own risk. 11.1 No Warranties We disclaim all warranties, including merchantability, fitness for a particular purpose, accuracy, and non-infringement. 11.2 Limited Availability We do not guarantee that the Site will be uninterrupted or error-free. 11.3 Jurisdictional Exceptions Some jurisdictions do not allow certain exclusions, so some disclaimers may not apply to you. 11.4 Blockchain and Technology Risks You acknowledge and accept the following risks: (a) smart contract vulnerabilities that could result in the loss of your assets; (b) blockchain network congestion that may delay or prevent transaction execution; (c) changes in gas fees that may make transactions prohibitively expensive; (d) MEV (Maximal Extractable Value) exploitation by block producers or searchers; (e) permanent loss of assets due to user error, such as sending to incorrect addresses; (f) private key management is solely your responsibility and we cannot recover lost keys; (g) the Site may be subject to cyberattacks, hacking, or other malicious activities; (h) regulatory changes that may affect the availability or functionality of the Site. 11.5 CLOB-Specific Risks You further acknowledge and accept these central limit order book specific risks: (a) order collision and race conditions where multiple users attempt to fill the same order; (b) latency issues causing orders to fail or execute at unexpected prices; (c) front-running and sandwich attacks by other users or bots; (d) order griefing where malicious actors manipulate the order book; (e) gas fee spikes that make placing or canceling orders expensive; (f) partial order fills that may leave positions incompletely executed; (g) stale orders remaining on-chain that require gas to cancel; (h) MEV extraction through transaction reordering; (i) stop-loss or conditional orders may not execute as expected due to blockchain mechanics; (j) oracle price manipulation if price feeds are used; and (k) order book depth and liquidity may vary significantly. 11.6 Embedded Wallet Specific Risk You acknowledge these embedded wallet risks:

• (a) Dependency on Privy’s infrastructure for normal wallet operations;
• (b) Different user experience compared to traditional self-custody wallets;
• (c) Account recovery requires Privy’s authentication mechanisms;
• (d) Potential smart wallet upgrade risks if applicable;
• (e) Session-based signing and delegated action vulnerabilities;
• (f) Authentication provider failures may temporarily affect wallet access;
• (g) While you can export private keys, the export process requires web browser access;
• (h) Secure execution environments (TEE or on-device) add complexity to key management.

Section 11.7 - Authentication-Specific Risks When using social logins or email authentication:

• (a) Loss of access to your email or social account may result in permanent wallet inaccessibility;
• (b) Compromised authentication providers could lead to unauthorized wallet access;
• (c) The Company is not responsible for third-party authentication provider failures;
• (d) Multi-factor authentication adds security but does not eliminate all risks.

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12. Limitation of Liability

To the maximum extent permitted by law: (a) we are not liable for any indirect, incidental, special, consequential, or punitive damages; (b) we are not liable for any lost profits, data loss, or business interruption; (c) we are not liable for the actions or omissions of any third parties; (d) we are not liable for any losses arising from: - smart contract exploits, bugs, or hacks; - failed, reverted, or delayed transactions; - MEV attacks or sandwich attacks; - order book manipulation by third parties; - blockchain network issues, including forks or congestion; - force majeure events; - your errors, including sending assets to wrong addresses; - gas fees paid for any transactions; - opportunity costs or market movements; - unauthorized access to your wallet or private keys; (e) our total aggregate liability for all claims is limited to fifty US dollars ($50).

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13. Term and Termination

We may suspend or terminate your access to the Site at any time, without notice, for any reason, including but not limited to violation of these Terms or suspicious activity. Sections 2.2 through 2.8, 3, 5 through 12, and 14 survive termination.

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14. Dispute Resolution and Arbitration

14.1 Governing Law These Terms are governed by the laws of the Republic of the Marshall Islands. 14.2 Mandatory Arbitration Any disputes between you and the Company shall be resolved by binding arbitration seated in Majuro, Republic of the Marshall Islands, under applicable local rules. Arbitration is the exclusive method of dispute resolution. 14.3 Individual Claims Only All claims must be brought on an individual basis. Class actions, collective arbitrations, and group proceedings are waived. 14.4 Opt-Out You may opt out of the arbitration agreement by sending written notice to [email protected] within 30 days of first using the Site.

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15. General

15.1 Modifications We may update these Terms from time to time. Continued use after such updates constitutes acceptance. 15.2 Export Compliance You agree not to export or transfer any part of the Site in violation of applicable laws. 15.3 Electronic Communications You consent to receive communications from us electronically. 15.4 Entire Agreement These Terms are the entire agreement between you and us regarding the Site. 15.5 Severability If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect. 15.6 No Waiver Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. 15.7 Assignment You may not assign or transfer these Terms without our prior written consent. We may assign our rights under these Terms without restriction.

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16. Wallet Creation and Management

16.1 By using the Site, you authorize the Company to create embedded wallets on your behalf through Privy’s infrastructure. 16.2 Your wallet keys are sharded and only temporarily reconstructed in secure environments for operations. 16.3 You retain the right to export your full private key at any time through the Site or [email protected] 16.4 The Company may implement transaction policies limiting certain wallet functionality. 16.5 You acknowledge that while Privy provides self-custodial wallets, the user experience differs from traditional wallet applications. 16.6 Smart wallet features may include batched transactions, gas sponsorship, and spending limits where applicable. Section 16.7 - Data Portability and Export Rights You have the right to export your wallet private keys and associated data at any time. This ensures you maintain ultimate control over your digital assets and can migrate to other wallet solutions if desired. Export functionality is available through the Site’s user interface or by contacting [email protected] Section 16.8 - Delegated Transaction Authority If enabled, the Site may utilize session signers that allow server-side transaction execution:

• (a) Time-limited signing permissions may be granted to the Company’s servers;
• (b) Policy constraints limit what actions can be taken on your behalf;
• (c) You can revoke session permissions at any time;
• (d) You remain responsible for all transactions executed via session signers.

Section 17 - Infrastructure Dependencies The Company is not liable for:

• (a) Privy infrastructure outages or failures;
• (b) TEE vulnerabilities or compromises;
• (c) Authentication provider service interruptions;
• (d) Blockchain network congestion affecting wallet operations;
• (e) Changes in Privy’s service offerings or pricing.

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Section 18 - USDC Trading Vault

18.1 Vault Deposits and Withdrawals

• Users deposit USDC into the trading vault.
• Deposits are credited to your available balance.
• Withdrawals subject to available balance (not locked in orders).
• All deposits remain in non-custodial smart contracts.

18.2 Trading Balance Management

• Available Balance: USDC ready for trading.
• Locked Balance: USDC committed to open orders.
• Order cancellation releases locked balance.
• Order execution transfers USDC between users.

18.3 Vault Security

• Smart contract-based custody.
• No admin access to user funds.
• Withdrawal only to depositing wallet.
• Subject to blockchain finality.

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Section 19 - MirrorToken and Token Delivery Commitment Framework

19.1 Token Delivery Commitment Overview YOU EXPRESSLY ACKNOWLEDGE AND UNDERSTAND:

• (a) Token Delivery Commitments (TDCs) are UNILATERAL commitments made by third parties
• (b) TDCs can be signed by ANY party (individuals, funds, DAOs, corporations, or others)
• (c) TDCs create binding commodity forward contracts for token delivery
• (d) The Company provides ONLY technical infrastructure, not delivery obligations
• (e) MirrorTokens represent fractional interests in these third-party commitments

19.2 Nature of MirrorTokens MIRRORTOKEN HOLDERS ACKNOWLEDGE:

• (a) MirrorTokens represent proportional rights to tokens committed under TDCs
• (b) These are commodity forward contract positions, NOT securities or investments
• (c) MirrorTokens provide DIRECT enforcement rights against commitment parties
• (d) The Company is NOT a party to any TDC and has NO delivery obligations
• (e) MirrorTokens confer no equity, voting, dividends, or profit expectations

19.3 Permissionless and Open System THE SYSTEM OPERATES ON A PERMISSIONLESS BASIS:

• (a) ANY party can sign a TDC using the public template
• (b) The Company does NOT approve, verify, or endorse commitment parties
• (c) Multiple parties may create similar or competing systems
• (d) The Company CANNOT prevent or control TDC creation
• (e) “MirrorToken” name and framework may be used by unaffiliated parties

19.4 Direct Enforcement Against Commitment Parties YOUR RIGHTS AND REMEDIES:

• (a) TDCs explicitly grant MirrorToken holders direct enforcement rights
• (b) You must pursue the specific commitment party for delivery failures
• (c) Remedies include specific performance, cover damages, and legal costs
• (d) The Company has NO role in enforcement proceedings
• (e) Commitment parties may be unknown, pseudonymous, or judgment-proof

19.5 NO COMPANY INVOLVEMENT OR LIABILITY THE COMPANY EXPRESSLY DISCLAIMS:

• (a) Any obligation to verify commitment party identity or creditworthiness
• (b) Any responsibility for token delivery under any TDC
• (c) Any guarantee of TDC enforceability or commitment party solvency
• (d) Any role as intermediary, escrow, or facilitator
• (e) Any liability for commitment party defaults or failures

19.6 Unknown and Variable Participants YOU ACKNOWLEDGE THE FOLLOWING RISKS:

• (a) Commitment parties may be anonymous or use pseudonyms
• (b) The Company does NOT know who signs TDCs
• (c) Commitment party creditworthiness is entirely unknown
• (d) Multiple unrelated parties may issue similar commitments
• (e) No due diligence is performed on commitment parties

19.7 Smart Contract Deployment REGARDING TECHNICAL INFRASTRUCTURE:

• (a) The Company MAY deploy smart contracts referenced in TDCs
• (b) Smart contracts are IMMUTABLE once deployed
• (c) Third parties may deploy competing or alternative contracts
• (d) The Company does NOT control smart contract operations
• (e) Technical bugs or vulnerabilities cannot be corrected

19.8 Token Issuance Ambiguity REGARDING UNDERLYING TOKENS:

• (a) Tokens subject to TDCs may be issued by ANY party
• (b) The Company MAY OR MAY NOT be involved in token issuance
• (c) Token issuers and commitment parties may be different entities
• (d) The Company makes NO representations about underlying tokens
• (e) Token value, utility, and legitimacy are NOT guaranteed

19.9 YOUR SOLE RESPONSIBILITY BY ENGAGING WITH MIRRORTOKEN SYSTEM, YOU ACCEPT:

• (a) Full responsibility for evaluating commitment parties
• (b) All risks of commitment party default or fraud
• (c) The burden of pursuing legal enforcement
• (d) That the Company is merely a technical service provider
• (e) That TDCs are between commitment parties and MirrorToken holders only

19.10 COMPREHENSIVE RISK ACKNOWLEDGMENT You acknowledge these specific risks:

• Commitment parties may be fictitious or insolvent
• TDCs may be unenforceable in practice
• Token delivery may never occur
• Legal enforcement may be impossible or prohibitively expensive
• The Company provides NO recourse or assistance
• 100% loss of value is possible and likely in many cases
• Multiple fraudulent schemes may use this framework
• No regulatory protection exists for these arrangements

19.11 Fraud and Misuse Warning YOU UNDERSTAND AND ACCEPT:

• (a) The permissionless nature enables potential fraud
• (b) Bad actors may create fake TDCs with no intention to deliver
• (c) The Company CANNOT prevent misuse of the framework
• (d) You must conduct extensive due diligence
• (e) Most TDCs may result in total loss

19.12 INDEMNIFICATION You agree to fully indemnify the Company from all claims related to:

• (a) Any TDC or commitment party interaction
• (b) MirrorToken purchases, holdings, or trades
• (c) Enforcement attempts against any party
• (d) Losses from commitment party defaults
• (e) Third-party use of the TDC framework
• (f) Any aspect of the commodity forward system

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20. Contact Information:

GTFO DAO LLC 852 Lagoon Rd Majuro, Republic of the Marshall Islands MH 96960 Email: [email protected]