Terms of Service

Effective Date: April 10, 2026

Article 1 (Purpose)

These Terms and Conditions are intended to set forth the rights, obligations, and responsibilities between Baerae Co., Ltd. (hereinafter referred to as the "Company") and its Members in connection with the use of the mobile application, website, and all related services known as ZKAP (hereinafter referred to as "ZKAP") provided by the Company.

Article 2 (Definitions)

The definitions of terms used in these Terms and Conditions are as follows.

1. "Member" refers to a person who agrees to these Terms and Conditions and uses the services provided by the Company.
2. "Service" refers to the functionality that enables Members to register and link digital asset exchange information and other data they hold or manage, in order to view asset holdings, transaction history, or related information.
3. "Third-Party Service" refers to any service, system, or infrastructure provided by parties other than the Company, such as digital asset exchanges and wallet providers.
4. "Linked Account" refers to a digital asset exchange or other Third-Party Service account that a Member has connected within the Service for the purpose of viewing, managing, or utilizing such account.
5. "Inquiry Function" refers to the functionality that enables Members to view digital asset price information, asset holdings, and other data in connection with Third-Party Services.

Article 3 (Posting and Amendment of Terms)

① The "Company" shall post the contents of these Terms and Conditions within the "Service" or through linked screens so that "Members" can easily access them.

② The "Company" may amend these Terms and Conditions as necessary, to the extent not in violation of applicable laws and regulations.

③ When the "Company" amends these Terms and Conditions, it shall specify the amended content and the effective date and provide public notice or individual notice starting no later than 30 days prior to the effective date.

④ If the "Company" clearly states in its public notice or individual notice that failure by a "Member" to express an objection by the day before the effective date shall be deemed as consent, and the "Member" does not expressly object, the "Member" shall be deemed to have consented to the amended Terms and Conditions.

⑤ A "Member" who does not agree to the amended Terms and Conditions may express their objection to the "Company" at any time and terminate the service agreement. However, in such case, the amended Terms and Conditions shall apply to the "Member" from the effective date of the amendment until the date of termination.

Article 4 (Interpretation of Terms)

① The "Company" may specify detailed matters in operating policies, usage guides, and similar documents within the scope set forth in these Terms and Conditions.

② Any matters not stipulated herein or any questions of interpretation shall be governed by applicable laws and regulations.

Article 5 (Execution of Service Agreement)

① The service agreement is executed when an "Applicant" agrees to the Terms and Conditions provided by the "Company," completes the registration application, and the "Company" approves such application.

② The "Company" may refuse to approve an "Applicant's" application if any of the following grounds exist, and may revoke its approval or terminate the service agreement if any of the following grounds are confirmed after registration.

1. The "Applicant" has previously lost "Member" status under these Terms and Conditions.
2. A fictitious name or another person's identity has been used.
3. False or incorrect information has been provided, or information required by the "Company" has not been submitted.
4. Approval is not possible due to reasons attributable to the "Applicant," or the application violates any provisions set forth in these Terms and Conditions.
5. The intention is to use the "Service" for fraudulent purposes or for the pursuit of profit.
6. The application is made for purposes that violate applicable laws or may undermine public order or social morals.
7. The application is confirmed to be in violation of these Terms and Conditions, unlawful, or improper, or the "Company" reasonably deems it necessary.

③ The service agreement shall be deemed to have been formed at the time the "Company's" expression of approval reaches the "Applicant."

Article 6 (Obligations of Members)

① Members shall comply with applicable laws and regulations, these Terms and Conditions, operating policies, and the Company's guidelines.

② Members shall not engage in any of the following acts.

1. Entering false information or misappropriating another person's information.
2. Registering, linking, or viewing another person's account or asset information without authorization.
3. Interfering with the normal operation of the Service or abusing the system.
4. Using the Service through automated means, abnormal access, reverse engineering, or other improper methods.
5. Infringing upon the rights, reputation, credit, or other interests of the Company or third parties.

Article 7 (Notices to "Members")

① When the "Company" provides notice to a "Member," it may do so via the email address provided by the "Member," messages within the "Service," or other means.

② When the "Company" provides notice to all "Members," it may substitute individual notice by posting a public notice on the bulletin board within the "Service" for no less than 30 days.

③ The "Company" shall provide advance notice or public notice of its expression of approval of a registration application and expressions of use restrictions. However, if there are unavoidable reasons preventing advance notice, the "Company" may provide notice after the fact.

Article 8 (Restrictions on Use)

① The Company may restrict or suspend the use of the Service if any of the following grounds arise.

1. Violation of these Terms and Conditions.
2. Engaging in or attempting to engage in acts that obstruct the smooth operation of the "Service" provided by the Company.
3. Other cases where the "Company" reasonably determines that it is necessary to refuse to provide the "Service."

② When the Company takes measures pursuant to Paragraph 1, it shall provide advance notice to the Member of the grounds for such measures and guidance on the appeals procedure. However, if there is an urgent need to protect the legitimate interests of the Company or other Members, the Company may exceptionally restrict or suspend the relevant Member's use of the Service and provide notice without delay after the fact.

③ If the Member successfully demonstrates the grounds and the cause for the measures is resolved, the Company shall lift the restriction, suspension, or other measures.

④ When the Company lifts service use restrictions, suspensions, or other measures, it shall provide notice to the Member without delay.

Article 9 (Modification and Suspension of Service)

① The Company may modify or suspend all or part of the Service if any of the following grounds exist.

1. Service improvement, system inspection, expansion, replacement, or maintenance.
2. Discontinuation of or policy changes to Third-Party Services.
3. Natural disasters, power outages, network failures, hacking, or other comparable force majeure events.
4. Other cases where operational necessity exists.

② The Company shall endeavor to provide advance notice in the event of a significant modification or suspension of the Service. However, notice may be provided after the fact in the event of an urgent system failure or security necessity.

Article 10 (Intellectual Property Rights)

① All intellectual property rights related to the Company's Service belong to the Company.

② Members may not use information obtained through the use of this Service for commercial purposes, such as processing, providing, or selling such information, or allow third parties to use it.

Article 11 (Protection of Personal Information)

The Company protects Members' personal information in accordance with applicable laws and regulations. Matters concerning the collection, use, provision, storage, and destruction of personal information shall be governed by the separately posted Privacy Policy.

Article 12 (Disclaimers)

① The Company shall not be liable in connection with services provided free of charge, unless otherwise specifically provided by applicable laws.

② The Company has no obligation to intervene in disputes arising between a Member and a third party through the Service, and shall not be liable for any damages resulting therefrom.

③ The Company does not warrant the accuracy, completeness, timeliness, or fitness for a particular purpose of the information displayed on the Service.

④ Notwithstanding Paragraphs 1 through 3, the Company shall be liable in accordance with applicable laws if damages are incurred by a Member due to the Company's willful misconduct or gross negligence.

Article 13 (Governing Law and Jurisdiction)

① These Terms and Conditions shall be interpreted and applied in accordance with the laws of the Republic of Korea.

② In the event that a lawsuit is filed regarding a dispute between the Company and a Member, the Seoul Central District Court shall have exclusive agreed jurisdiction as the court of first instance.

부칙

These Terms and Conditions shall take effect from April 10, 2026.