This Risk Disclosure has been prepared to inform the Client of the risks associated with Crypto Assets within the scope of the services offered by CLTS Kripto Varlık Alım Satım Platformu A.Ş. ("CLTS" or "Aquanow").

Market prices relating to Crypto Assets may fluctuate unpredictably. Due to the nature of Crypto Assets, your transactions may generate profits; however, you also face the risk of losing your entire invested balance, including the principal amount. Therefore, before deciding to trade, you should understand the risks you may encounter in the crypto asset market and make your decision by taking into account your financial circumstances and limitations.

Before approving the Framework Agreement for Crypto Asset Services, we recommend that you review all of its provisions and, where necessary, seek assistance from a legal and/or financial expert regarding its legal and financial consequences. We hereby inform you that, upon approving the Agreement, you will be deemed to have accepted these provisions.

1. Commercial Risk

Crypto Assets are created, traded and transferred in a digital environment and constitute a digital representation of value. Crypto Assets are not local currencies and may not be used as a means of payment.

Crypto Assets generally exist on a network based on peer-to-peer transactions within a distributed (decentralised) and anonymous system that is generally not subject to legal regulation, and are structured using end-to-end encryption through cryptographic methods to ensure their integrity.

Crypto Assets differ from the risks traditionally associated with national currencies, commodities, securities or other financial instruments and carry specific risks of their own. Unlike national currencies, they are not put into circulation by states or official institutions or organisations; unlike securities, they are not issued by states or official or private institutions or organisations; and, unless otherwise stated, they are not backed by an underlying asset or physical asset.

Aquanow makes no representation or warranty that the listed Crypto Assets will continue to be traded in the market at all times. Any listed Crypto Asset may, at Aquanow's sole discretion and without prior notice, be delisted or suspended from trading by Aquanow.

2. Price and Liquidity Risk

Crypto Assets may be priced differently across different platforms. Aquanow does not provide a price guarantee for any Crypto Asset.

There is no guarantee of liquidity for your Crypto Asset transactions. Depending on the type of the relevant Crypto Asset, the network on which it is traded, or the market conditions prevailing on the Crypto Asset Trading Platform, liquidity in respect of the relevant Crypto Asset may increase or decrease, or there may be no liquid market in which you can sell your Crypto Asset.

Risks include the termination of the network on which Crypto Assets are traded, the withdrawal of developers from the project, the withdrawal of validators (nodes, etc.) from the network, a loss in the value of Crypto Assets, and the prohibition, restriction or blocking of Crypto Assets and/or related transactions by any state, official or administrative authority, or legal body.

In addition to the risks listed above, it should be understood that Crypto Assets denominated in a foreign currency carry foreign exchange risk; that exchange-rate fluctuations may cause a loss in value; and that states may restrict foreign capital and foreign exchange movements and impose additional and/or new taxes.

3. Crypto Asset Volatility and Market Risk

Aquanow gives no guarantee or undertaking that the markets for any Crypto Asset will be active and liquid. Aquanow does not provide advice regarding the legality of Crypto Assets for any particular user; it is the Client's responsibility to know and understand the applicable laws.

Aquanow does not provide custody services. Your Crypto Assets held with Aquanow may be held together and commingled with the Crypto Assets of other users of the Aquanow platform and/or Aquanow's own Crypto Assets, and may be returned in kind.

Aquanow makes no undertaking or warranty that Crypto Assets will be offered without interruption and remain accessible at all times, that they are or will remain compatible with any system or hardware used by the Client, or that they will operate without interruption.

Aquanow has the right, at its sole discretion, at any time and for any duration, to adopt and implement measures that partially and/or entirely restrict or prevent the market performance of a listed Crypto Asset, including price ceilings and floors, mandatory limit orders, the disabling of market orders, and maximum order-value limits.

4. Technology Risk

Although Aquanow will take all reasonable measures, Crypto Assets may, by their nature, be exposed to cyberattacks and cyber fraud due to technological or Blockchain-related factors.

Due to their underlying technology, Crypto Assets carry blockchain and network risks. Transfers relating to Crypto Assets may be irreversible and may not be capable of being restored to their previous state due to the structure of the technology used. Crypto Assets are stored digitally and may therefore be exposed to technological risks at all times.

The Client is aware of the risk that an instruction may be delayed or invalidated due to transaction errors occurring on the Platform or system failures. The Client is aware of and accepts the existing and/or potential risks arising from the use of the internet-based platform, including but not limited to software or hardware problems, unauthorised access, spyware, computer viruses, errors, corruption, malware, phishing or other cyberattacks.

The provision of price analyses or other information through Aquanow's Digital Channels does not constitute investment advice. Aquanow shall not be liable for losses arising from transaction orders placed by the Client on the basis of such recommendations, forecasts or information.

5. Other Risks

Aquanow operates and manages the Crypto Asset trading platform; however, unless otherwise stated, it is not the counterparty to any of your buy or sell orders. Accordingly, Aquanow has no obligation to ensure that the Crypto Assets you trade will be executed at prices determined by you or at prices prevailing in international markets. The purchase and sale prices of Crypto Assets are determined independently by Users through mutual negotiation, based on their own needs and intentions. Aquanow provides no price guarantee or undertaking.

Aquanow acts solely as an intermediary in your Crypto Asset trading transactions and is not the issuer, operator, manager or holder of any rights in respect of any Crypto Asset.

The Client is responsible for ensuring that the information provided in relation to transaction orders, the recipient wallet address and the relevant Crypto Asset amount are complete and accurate. If a Crypto Asset is transferred to a wallet address other than the intended address, Aquanow cannot be held responsible for the transaction; all responsibility rests with the Client who made the transfer. The Client is also responsible for incorrect or erroneous transfers caused by information required during a transfer due to the technical features of Crypto Assets being entered incorrectly, incompletely or erroneously, and/or not being entered at all. Transaction orders issued by the Client may be irreversible due to the structure of the technology used.

Where Aquanow reasonably suspects that you have acted suspiciously or unlawfully, or for legitimate reasons, it may partially or entirely freeze your account for a definite or indefinite period, partially and/or entirely block transfers from your account, close your account, or restrict the use of cash or Crypto Assets held in your account by applying precautionary measures. In such circumstances, you may not execute transactions in or make transfers from your account.

There are risks associated with using an internet-based trading system, including but not limited to software and internet connection failures, and it is important that you understand this. Aquanow accepts no liability for any communication failures, interruptions, errors, disruptions or delays that you may encounter for any reason while using the Services provided to you.

Once completed, your Crypto Asset transfer transactions cannot be cancelled or reversed. It is therefore your responsibility to verify the accuracy of the wallet address to which you will make the transfer.

Crypto Assets are not subject to the investor compensation provisions set out in Article 82 of Capital Markets Law No. 6362. Crypto Assets are not covered by any guarantee, insurance or compensation fund. Neither the Company nor any legal authority provides any guarantee, insurance or compensation coverage in respect of these products.

Before commencing your transactions, you must obtain information about and agree to all commissions, other fees and expenses payable by you. If the fees and expenses are not expressed in monetary terms, you should request from Aquanow a written explanation or statement containing clear examples showing how such fees and expenses will be reflected to you in monetary terms.

All fees and commissions under the Framework Agreement for Crypto Asset Services are specified on the Company's website, and it is your responsibility to obtain information about these commissions, fees and expenses. Before commencing your transactions, you must obtain information about and agree to all commissions, other fees and expenses payable by you.

This Risk Disclosure Form is an annex to and an integral part of the Framework Agreement that you have executed/approved with Aquanow (CLTS Kripto Varlık Alım Satım Platformu A.Ş.).

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