Terms of Service for Glofex

Introduction

In this client agreement, "Glofex," "we," "us," and "our" refer to Glofex Technologies Inc., along with its employees, directors, successors, and assigns. The terms "you" and "your" refer to you, the person who has registered to use some or all of the services described in the Agreement.

Glofex is a Canadian corporation authorized and regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with business registration number (M19773759) to deal in virtual currencies, foreign exchange, and money transferring activities.

General Provisions

1. About These Terms

1.1 Contract

1.1.1 These terms and conditions affect your rights, and you should read them carefully. By accessing and using the Glofex Platform, you accept and agree to the terms and conditions in this agreement. You must indicate your consent to this Agreement by ticking both the Terms and Conditions box and the "SUBMIT" or "ACCEPT" button and ensuring all sections have been fully and accurately completed. If you do not, we may not be able to provide you with the appropriate access.

1.2. Amending This Agreement

1.2.1. Glofex may, in its sole discretion, modify this Agreement from time to time. However, you will be notified and given the opportunity to review them before they take effect unless changes are required by law.

1.2.2. Unless otherwise specified by Glofex, all modifications shall take effect automatically upon publication and become part of this Agreement. You will be aware of any changes to the terms and conditions immediately they are made, and by continuing to access or use the Glofex Platform, you will be deemed to have agreed to accept and be bound by any modifications to this Agreement.

1.2.3. Changes to these terms and conditions will only be effective from the date they are made and will not change the terms on which you previously used the Service.

1.3. Prohibition Of Use

You agree to use the Glofex Platform strictly for personal, internal, and non-commercial use. Third-party funding is NOT permitted. You can only fund your wallet using a bank account or payment instrument issued by a Canadian institution under your name. The name must match the verified name within your Glofex profile. Glofex reserves the right to reject any deposit from third parties. The Glofex Platform is licensed to you on a non-transferable or non-exclusive basis. You shall not rent, lease, sell, sublicense, lend, or take any action that violates our intellectual property in the Service. However, you may download, retrieve, and display the Service from the website on the computer screen, print individual pages on paper, photocopy, and store such pages in an electronic form on disk, provided all the intellectual property in the Service continues to vest with us.

PLEASE NOTE: The elements of the website, including all parts of the Service ("Intellectual Property"), are owned by us and/or our suppliers and are protected by copyright and trademark laws, international treaty provisions, and this Terms of Use. Any reproduction, modification, copying, distribution, transmission, display, publishing, or redistribution of the Service is expressly prohibited by law and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum extent possible.

2. Account Registration and Requirements

2.1. Registration

2.1.1. All new users must sign up for a Glofex Account before using any Glofex Services.

2.1.2. Your Glofex Wallet is not issued by a bank. Therefore, no interest will accrue or be paid on the wallet balances.

2.1.3. In compliance with Canadian Anti-Money Laundering law, we are required to obtain, verify, and record information about you. Therefore, you agree to provide us with all relevant information and documents requested by us, as well as any other information prompted by the Service's registration form. You further agree that all information provided to Glofex is accurate and current, and no material information has been withheld. You also agree to update any information immediately at the time of changing to keep it accurate, current, and complete. Glofex may lawfully conduct necessary investigations directly or through a third party to verify your identity as part of the registration process.

2.1.4. Furthermore, by entering into this agreement, you consent to Glofex making inquiries with third parties, including credit bureaus, to verify the information that you supply as part of opening an Account.

WHERE INFORMATION PROVIDED IS MISREPRESENTED, OR WE HAVE GROUNDS TO SUSPECT THAT SUCH INFORMATION IS INACCURATE, NOT CURRENT, OR INCOMPLETE, GLOFEX RESERVES THE RIGHT AT ALL TIMES TO SUSPEND OR TERMINATE THE SERVICE.

2.2. Eligibility

2.2.1. To be eligible to register for and use our Services, you must:

- Be at least 18 years old or of legal age.

- Intend to use the Glofex Platform for your own use and not on behalf of, or as an agent to, any other person or entity.

- Not be a person listed on any sanctions list in Canada or any other country.

- Not be a Politically Exposed Person as defined in Canada's anti-money laundering/anti-terrorist-financing legislation.

- Meet Glofex's anti-money laundering standards applied at our sole discretion.

IT IS YOUR RESPONSIBILITY TO READ AND UNDERSTAND THE PARTNER TERMS BECAUSE THEY CONTAIN TERMS AND CONDITIONS CONCERNING YOUR GLOFEX ACCOUNT, INCLUDING BUT NOT LIMITED TO LIMITATIONS, REVERSALS, AND ARBITRATION PROVISIONS, AND YOUR RELEVANT RIGHTS AND LIABILITIES.

3. Liabilities

Disclaimer Of Warranties

3.1. The Glofex Service is provided on an "as is" and "as available" basis. Except as warranted in this Terms of Use, we expressly disclaim all warranties of any kind, whether express or implied or statutory, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, data accuracy, and completeness, and any warranties relating to non-infringement in the Service. We shall not be responsible or liable for the authenticity, accuracy, completeness, errors, omission, typographic errors, disruption, delay, interruption, failure, deletion, defect of any information, research, reports, analysis, quotes, etc., on this website or any part thereof. Additionally, we shall not incur any liability, direct or indirect, to you or any third party, as a consequence of the non-functioning of any equipment belonging to you, any third party, or us. We shall not be responsible for any downtime of such equipment.

3.2. Indemnification

You will defend, indemnify, and hold harmless Glofex, its parents, affiliates, licensors, suppliers, Issuer, contractors, and their respective shareholders, directors, and officers, assigns, and successors-in-interest from any and all liabilities, damages caused by any virus, personal injury, loss of profits, data, or other intangible, any damages arising from interruption, suspension, or termination of Service, including but not limited to direct, indirect, incidental, special, consequential, or exemplary damages, whether such

 interruption, suspension, or termination was justified or not, negligent or intentional, inadvertent or advertent, causes of action, and costs arising out of or resulting from:

- Your failure to comply with this agreement.

- Your use of the Services, or any part of them.

- Your alleged or actual negligent or willful acts or omissions, or those of your agents or employees.

- Any third party's use of your Account or your Services.

In no event will our liability for any claim, whether in contract, tort, or any other theory of liability, exceed one CAD. You also agree that your sole remedy under this Terms of Use is the cancellation of the Service.

3.3. Reliance By Glofex

You represent and warrant that all information you enter regarding the remittance payments is true and complete. When processing a remittance payment, Glofex may rely on the registration information and remittance payment request information that you provide. You acknowledge that any errors in the information, including misidentification of beneficiaries, incorrect or inconsistent account names and numbers, or misspellings, are your responsibility and that Glofex shall have no liability for executing a remittance payment based on the inaccurate or incomplete information you provided.

3.4. Cancellation Of Instruction

Once we have received your instruction, you cannot cancel it. Notwithstanding this clause, we may, in our absolute discretion, attempt to reverse your instruction if you have informed us that you wish us to do so. In some cases, we may have initiated an irreversible request for funds to be paid out to your payee by a service provider. If this is the case, we cannot guarantee that the reversal will be successful.

4. Rewards

4.1. Glofex may offer you the opportunity to earn rewards for activities such as referring other people to the Glofex Platform. Glofex reserves the right at any time to modify, suspend, or cancel the rewards.

4.2. Good Faith

We introduce programs such as these in good faith and expect the same good faith in return. Please note that we may withhold awards where we believe customers are acting in bad faith or otherwise acting contrary to the intent of this program. To be clear, commercializing, advertising, publishing, mass distributing, selling, or paying for the use of referral links is not appropriate, and we will not honor such links. We cannot cover every nefarious scenario, nor will we attempt to, but we do promise to be fair and reasonable.

5. Your Suggestion

If you suggest a feature or change to the Glofex Platform or if you submit to us any marketing material (a "Suggestion"), then you agree that we may make use of the Suggestion and disclaim any intellectual property rights, including any moral rights, to any resulting intellectual property.

6. Privacy

Glofex is committed to the privacy of customers, but as a regulated business, we may be required to share your personal information with regulatory agencies, law enforcement, credit bureaus, anti-money laundering service providers, or other identity verification partners as part of opening your Account or for periodic checks to ensure that we have accurate information about you. We may also disclose your personal information to financial institutions or other financial intermediaries. Our commitment to privacy is further explained in the Glofex Privacy Policy, which forms part of this agreement.

7. Termination And Enforcement

7.1. Either party may terminate this agreement for any reason or for no reason without notice and without further liability.

7.2. Enforcement Action

We may take any action we consider appropriate to enforce the Agreement, including employing any third-party agent to collect any amount owing, taking steps to enforce

 payment, charging interest, costs, and legal expenses (on a solicitor and own client basis), and reporting the default to any credit reporting agency or debt collection agency.

7.3. Glofex reserves the right, without notice and in its sole discretion, to:

- Terminate your access to the Glofex Platform or any portion of it.

- Modify or remove any Service, content, or feature offered through the Glofex Platform.

- Deactivate or delete your Account and all related information and files in your Account.

- Bar your access to your Account or the Glofex Platform or any part thereof.

8. General

8.1. Entire Agreement

This Agreement constitutes the entire agreement between you and Glofex and supersedes all prior understandings, representations, or warranties (whether oral or written) regarding the subject matter. Glofex may assign or delegate its rights or obligations under this Agreement in whole or in part without your consent.

8.2. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of Canada, without regard to conflict of laws principles. Any dispute arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the Canadian courts.

8.3. Severability

If any provision of this Agreement is held to be illegal, invalid, or unenforceable, the validity and enforceability of the remaining provisions shall not be affected or impaired.

8.4. No Waiver

The failure of Glofex to enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision.

8.5. Contact Information

If you have any questions or concerns regarding this Agreement, please contact Glofex at admin@myglofex.com or visit the Glofex website for more information.

By accepting this Agreement, you confirm that you have read, understood, and agreed to be bound by all the terms and conditions contained herein.