Custody Disclosure

Before we receive Client Money, Ousoul or the “Firm” is required to disclose to the following to you:

1. [Interest] Ousoul does not provide interest on the Client’s money that they hold.

2. [Segregation] Client money shall be segregated from money belonging to Ousoul.

3. [Protection] When Client money is held in the Ousoul’s Client money account, Clients are protected through the Client Money Provisions provided under the FSRA Rules.

4. [Pooling] Client money shall be pooled with other Client money into one account; therefore, Client money is not physically segregated from other Client's money but shall remain segregated from the Firm’s own money. In the event of Ousoul's insolvency, winding up or other event stipulated by the FSRA, the Client's Money will be subject to the Client Money Distribution Rules.

5. [Bank] Client Money will be held in Client Money accounts by a third-party banking partner(s) approved by the FSRA.

6. [Jurisdiction] Whether Client Money may at any point be held in a jurisdiction outside ADGM and (if so), whether and how far the market practices, insolvency and legal regime applicable in that jurisdiction may differ from the regime applicable in ADGM.

7. [Reconciliation and Statements] Ousoul shall conduct a daily reconciliation of the Client Money that Ousoul holds on the Client’s behalf. Ousoul will not physically send out statements, instead, Client’s may view their near-real time statement at any time by logging into their Account. Please refer to the Client Agreement Section 12 for details of the statement.

8. [Liability] Ousoul shall not be liable for insolvency, acts or omissions of a third-party banking partner(s) holding Client Money. However, Ousoul conducts an appropriate and continuing risk assessment of the third-party banking partner(s) prior to entering into a service agreement, to ensure that those banks are safe repositories.

9. [Client Default] On a Default event under the MTF Rules or at any time after Ousoul has determined, in its absolute discretion, that the Client has not performed (or Ousoul reasonably believes that the Client will not be able or willing in the future to perform) any of their obligations to it, Ousoul may immediately suspend the Client’s access to the Custody Service.

SAFE CUSTODY PROVISIONS (AVA)

1. [Protection] When Accepted Virtual Assets and Stablecoin are held in Ousoul’s custody on the Client’s behalf, you shall be subject to the protections conferred by the Safe Custody Provisions as provided under the FSRA Rules.

2. [Safe Custody] Any Accepted Virtual Asset and Stablecoin received from Clients will be securely stored by Ousoul, whereas Ousoul will be the sole custodian of the private keys. At any given time, Ousoul will only accept supported Virtual Assets and Stablecoin on specific blockchain networks to its Custody Service and Platform as stated in the: Virtual Assets and Stablecoin, Network and Trading Pairs.

3. [Interest] Ousoul does not provide interest on the Accepted Virtual Assets and Stablecoin held on the Client’s behalf.

4. [Jurisdiction] Ousoul shall hold Clients Accepted Virtual Assets and Stablecoin in the ADGM. Should Ousoul decide to locate the Assets outside of the ADGM, Ousoul must promptly disclose to the Clients that their Accepted Virtual Assets and Stablecoin are held outside the ADGM and, if applicable, the market practices, insolvency and legal regime in that jurisdiction may differ from the regime applicable in the ADGM.

5. [Segregation] Your Accepted Virtual Assets shall be held segregated from Accepted Virtual Assets belonging to Ousoul.

6. [Pooling] Client’s Accepted Virtual Assets and Stablecoin shall be pooled with other Client Assets into an omnibus Wallet, therefore, Client money is not physically segregated from other Client’s Assets but shall remain segregated from Ousoul’s Assets.

7. [Reconciliation and Statements] On a daily basis, Ousoul shall conduct reconciliation of the Accepted Virtual Assets and Stablecoin held on the Client’s behalf. Ousoul will not physically send out statements, instead, Client’s may view their near-real-time statement at any time upon logging into their Account. Please refer to Client Agreement Section 12 for details of the statement.

8. [Client Default] In the event of a Default or at any time after Ousoul has determined, in its absolute discretion, that the Client has not performed (or Ousoul reasonably believes that the Client will not be able or willing in the future to perform) any of their obligations to the Firm, Ousoul may immediately suspend the Client’s access to the Custody Service.