LITTLEBIRD TERMS AND CONDITIONS OF USE

1.1 Purpose.

These Terms and Conditions of Use (the "Terms") establish the conditions under which the person who uses LittleBird (the "User") may access and use the site littlebird.mx, the LittleBird apps and everything that can be done through them (together, "LittleBird").

1.2 Parties.

LittleBird is operated by ALTRNTV, S.A., a Panamanian company (the "Company"). These Terms are a contract between the User and the Company.

1.3 Acceptance.

The User accepts these Terms by checking the acceptance box when registering. That electronic acceptance has the same validity as their signature. The User may consult these Terms at any time at littlebird.mx. If the User does not agree with them, the User must not use LittleBird.

1.4 Privacy Notice.

The LittleBird Privacy Notice (the "Privacy Notice"), available at littlebird.mx, explains how the Company processes the User's personal data.

2.1 Description of LittleBird.

(a) LittleBird has two parts. One displays information, news, data and other content about events (the "Content"). The other allows the User to send orders, from their Wallet (see section 2.4), to prediction markets on those events (each, a "Market").

(b) Markets operate on third-party prediction market platforms (the "Third-Party Platforms") or, in some cases, directly on LittleBird. Depending on the Market, orders are matched in an order book or executed against an automated liquidity system. On the other side are other participants, such as other users and liquidity providers. Prices change according to what the participants buy and sell.

(c) The prices displayed on LittleBird are not an offer, an invitation to make an offer or a recommendation to carry out a transaction.

(d) The Company chooses which Markets appear on LittleBird and translates them into Spanish when necessary.

(e) LittleBird is not a bank, a securities intermediary or an investment adviser. The Company does not issue electronic payment funds or buy or sell foreign currency. Conversions between legal tender currencies and Stablecoins are made by the Payment Providers.

(f) The Company is not liable for the outcome of the transactions that the User initiates on LittleBird, including losses due to their execution, non-execution, delays or failures, unless they are due to fault, negligence or willful misconduct (dolo) of the Company or to a breach of these Terms (see section 7).

2.2 User acknowledgments regarding the Content.

(a) The Content is for informational purposes only. The Company tries to ensure that it is correct, but does not guarantee that it is complete or up to date. This does not apply to what LittleBird shows the User before the User confirms an order, a deposit or a withdrawal (see sections 2.6, 2.7 and 2.9).

(b) Before making a decision, the User must verify on their own the information that they consider relevant and must not rely solely on the Content, including data, news, links to third-party sites and content from creators.

(c) LittleBird may be unavailable at times, for example due to technical failures, maintenance, causes beyond the Company's control, or failures of the blockchains or of external providers.

(d) Nothing on LittleBird, including the content of the creators with whom the Company works, is professional advice or an invitation or recommendation to buy or sell. The Company does not act as an investment, financial, legal, tax or any other type of adviser, and recommends that the User seek independent advice before making financial decisions.

2.3 Translations.

When necessary, the Company translates the titles and rules of the Markets into Spanish. A translated Market is resolved under its rules in the original language, and in the Market the User will find a link to those rules and to the resolution source. If the User detects a difference, the User may notify the Company.

2.4 Wallet and blockchain.

(a) Upon registration, a digital wallet (the "Wallet") is created for the User through an external wallet provider. It is a self-custodial wallet: the User controls it with their login. The Company does not have the User's private keys. The Wallet only does what the User requests, for example sending their orders, collecting their resolved Markets or making their withdrawals. The Company never moves the User's money on its own initiative.

(b) Anyone who enters with the User's login can control the User's Wallet. The Company cannot reverse transactions made by someone who used that login. The User must notify the Company immediately if they believe that their account has been compromised. The Company protects LittleBird with technical and administrative security measures.

(c) The Wallet runs on a public blockchain network, the one indicated in the app. Transactions on a blockchain are public and final. Anyone can see the Wallet's address and its transactions, and a transfer to a wrong address cannot be reversed.

(d) The User is responsible for keeping their login secure. Blockchain transactions carry their own risks, such as failures in smart contracts or interfaces, cyberattacks, identity spoofing (phishing), social engineering, crypto-asset volatility and the impossibility of reversing transactions.

(e) The Company does not own the blockchain networks or the smart contracts of the Third-Party Platforms, does not operate them and is not liable for their operation or their security.

2.5 Third-party services and Stablecoins.

(a) LittleBird uses third-party services, for example for the Wallet and for deposits and withdrawals. Some of them, such as the Third-Party Platforms and stablecoin issuers, are independent of the Company and apply their own rules. LittleBird may also include links to third-party sites, such as resolution sources, news or social networks. The Company does not control those sites and is not liable for their content or their privacy practices, and linking to them does not imply that it recommends them.

(b) The User's balance is held in stablecoins pegged to the United States dollar (the "Stablecoins"), such as USDC, on the network indicated in the app. While the User trades, their balance may be held in the Stablecoin used by the platform on which the Market operates. A Stablecoin is a digital token designed to maintain a value of one United States dollar. It is not money issued by a government or a central bank, it is not a bank deposit and it may lose its value. The Company does not issue or guarantee the Stablecoins. The amounts in other currencies that the User sees in the app are a reference: their balance is held in Stablecoins and its value in those currencies changes with the exchange rate.

2.6 Deposits and withdrawals.

(a) The User may add balance to their Wallet in two ways: (i) in legal tender currency, using the currencies and methods indicated in the app, through external payment providers (the "Payment Providers") that convert that money into Stablecoins and send them to their Wallet; or (ii) in crypto, by sending from another wallet the Stablecoin indicated in the app, on the network indicated in the app. If the User sends another token or uses another network, it may not appear and the User may not be able to use it on LittleBird.

(b) The User may withdraw in legal tender currency to an account in their name, through a Payment Provider and using the currencies and methods indicated in the app, or send their Stablecoins to another wallet.

(c) To deposit or withdraw in legal tender currency, the User must verify their identity. Some Payment Providers will also ask the User to accept their own terms and to verify their identity with them. The Company may ask the User to verify their identity at any time (see sections 4.3 and 4.4).

(d) Deposits and withdrawals in legal tender currency may only come from, and return to, accounts or payment methods in the User's name.

(e) The User must check the address before sending. Blockchain transfers cannot be reversed and anything sent incorrectly may be lost.

(f) When the User deposits in legal tender currency, the User buys Stablecoins. The Payment Provider converts their money at the exchange rate at that moment and sends the Stablecoins to their Wallet. When the User withdraws in legal tender currency, the Payment Provider converts their Stablecoins into the chosen currency at the exchange rate at that moment. The amounts in other currencies that are displayed are a reference. The final amount may vary due to the exchange rate and any applicable fees. Transfers may be delayed by banks, providers or networks that the Company does not control. If a deposit does not reach the Wallet, the User may write to info@littlebird.mx and the Company will review it with the Payment Provider.

2.7 Orders.

(a) To place an order, the User chooses a Market, an outcome (for example, Yes or No), an amount and, when available, a price. Before the User confirms, LittleBird shows them the estimated price, the number of units and how much they will pay. Upon confirmation, the order is signed from the Wallet and sent to the corresponding Market.

(b) Execution is not guaranteed. An order is executed only if there is sufficient liquidity at the price that the User accepted. It may be executed in part, later or not at all. Prices may move between the moment the User sees them and the moment their order arrives.

(c) When the User's transactions are executed on a Third-Party Platform, that platform has its own rules and may pause Markets, cancel orders or restrict access. The Company does not control that.

(d) Normally, the User may sell their units before the Market is resolved, if there is liquidity to do so. The price depends on the Market at that moment.

(e) The User's positions and history appear in the app. If there is a difference with the blockchain record, the Company will review it and correct what is displayed.

2.8 Resolution of Markets and disputes.

(a) The outcome of each Market is determined in accordance with the rules and the resolution source published in that Market. In Markets on Third-Party Platforms, it is determined by that platform's resolution system.

(b) In Markets on Third-Party Platforms, the Company does not decide the outcomes and cannot change them. LittleBird displays the outcome recorded on the platform.

(c) If the User does not agree with an outcome, the User may dispute it. In Markets on Third-Party Platforms, the route is that platform's dispute process, and if the User writes to the Company, the User will be told how to use it. In Markets that operate directly on LittleBird, the User may dispute it from the Market itself for a limited time after the resolution. To dispute, a deposit is placed in a contract on the blockchain, which is returned unless the dispute is rejected, in which case it is lost. The dispute is reviewed under the same rules and source. If no one disputes the outcome within that time, the outcome becomes final. The payouts of that Market are released as soon as the outcome becomes final. This does not limit the User's right to file a complaint with a consumer protection authority or to go to the courts (see section 8).

(d) When the outcome of a Market becomes final, the units of the correct outcome may be redeemed for Stablecoins in the Wallet, in accordance with the rules of that Market.

(e) In Markets that operate directly on LittleBird, the Company may only annul a Market in these cases: (i) the event is cancelled, or is postponed beyond the period provided for in the Market's rules; (ii) the question or the rules contain an error that prevents resolving it with its resolution source; or (iii) a technical failure or a proven manipulation affects the integrity of the Market. The Company may also annul a transaction executed at an obviously erroneous price due to a failure of LittleBird's system. In all these cases, the Company will notify the User and explain the reason, and the User will be refunded what they paid for the affected units.

2.9 Fees.

(a) When trading, fees of LittleBird and of the Third-Party Platforms may apply. When depositing or withdrawing in legal tender currency, the Payment Provider applies its exchange rate and fees may apply. Transfers from or to other wallets may have network costs.

(b) Before confirming an order, the User will see how much they will pay in total, with trading fees included. The Company does not charge subscriptions, registration fees or fees for having an account.

(c) Fees charged on a transaction already executed are not refunded, unless the charge was an error by the Company or the law provides otherwise.

3.1 Changes.

The Company may update these Terms at any time. Each new version applies from the moment it is published at littlebird.mx with its date.

3.2 Right to close the account.

If the User does not agree with a change, the User may close their account at no cost and without penalty. If the User continues to use LittleBird, the new Terms apply to them.

4.1 Requirements to use LittleBird.

The User may only use LittleBird if all of the following are true:

(a) the User is at least 18 years old, is of legal age under the law of the place where they live and has the legal capacity to enter into contracts;

(b) the User does not live in a Restricted Territory or use LittleBird from one;

(c) the User uses LittleBird for themselves, not on behalf of another person or of a company;

(d) the User has only one LittleBird account;

(e) the User is not on any sanctions list (including those of the United Nations, the United States OFAC and the List of Blocked Persons of the Financial Intelligence Unit of Mexico) and is not acting on behalf of someone who is;

(f) the User does not have, by working for the Company or for any of its providers, access to non-public information about how a Market will be resolved;

(g) the User does not hide their location (for example, with a VPN) or use another person's identity; and

(h) the funds that the User uses on LittleBird are their own and of lawful origin.

A "Restricted Territory" is any country or region: (i) subject to comprehensive sanctions of the United Nations or of the United States; (ii) where at least one Third-Party Platform does not allow trading; (iii) where the law does not allow the use of LittleBird; or (iv) that the Company includes, for legal or regulatory reasons, in the list of Restricted Territories published at littlebird.mx. The User is responsible for confirming that the law of the place where they live and from which they use LittleBird allows them to use it.

The Company may ask the User to prove any of these points at any time. If any of them ceases to be true, the User must not open new positions and must notify the Company. The User may withdraw their balance (see section 4.5).

4.2 Prohibited conduct.

The User may not:

(a) trade with confidential or non-public information about how a Market will be resolved, or trade in a Market whose outcome the User could influence;

(b) attempt to move prices artificially, trade with themselves or coordinate with others to do so;

(c) open more than one account, open a new account if the Company suspended or closed a previous one, use another person's account or let another person use theirs;

(d) use automated programs (bots) on LittleBird without the Company's written permission;

(e) use LittleBird to launder money, finance terrorism, evade sanctions, commit fraud or evade taxes;

(f) breach the security of LittleBird, overload it, extract its data on a massive scale or reverse-engineer it; or

(g) violate any law that applies to them.

If the User does so, the Company may take the measures in section 4.4. The Third-Party Platforms may also act under their own rules.

4.3 Verifications.

To keep LittleBird clean and to comply with the law, the Company and its providers verify identities, check users against sanctions lists and lists of politically exposed persons, and monitor activity. The Company may ask the User for more information, such as the origin of their money.

4.4 Measures by the Company.

If the User breaches these Terms, does not provide the information requested from them, or the Company reasonably suspects an illegal activity, the Company may limit functions, suspend or close the User's LittleBird account, and notify the authorities when the law requires it. When the law permits, the Company will notify the User and explain why. Sometimes the law does not permit it.

4.5 Balance if the account is closed.

Closing the LittleBird account does not take anything out of the Wallet. The User may still withdraw their balance, unless a judge or an authority orders otherwise, or the Third-Party Platforms or the Company's external providers restrict it under their own rules.

4.6 Closure of the account by the User.

The User may close their account at any time, at no cost, from the app or by writing to info@littlebird.mx. The Company recommends that the User withdraw or move their balance beforehand.

4.7 Records.

The Company keeps the records of the User's account and transactions for the period required by the applicable law. The Privacy Notice explains this.

4.8 User content.

If the User sends ideas or comments to the Company, the Company may use them freely and without paying the User. If the User uploads a profile photo or chooses a username, which other users can see, the User retains their rights over them and grants the Company a non-exclusive, free-of-charge, worldwide license to display them on LittleBird while they are published. The User represents that they have the right to use them and that they do not infringe the rights of third parties. The Company may remove a photo or a username that breaches these Terms or the law.

4.9 Taxes.

The User is responsible for reporting and paying the taxes that correspond to them for their transactions on LittleBird. The Company does not withhold taxes on behalf of the User, unless the law requires it to.

5.1 Ownership and use.

The name, logo, design, software and content of LittleBird belong to the Company or to its licensors. The User may only use them to use LittleBird personally. The User may not copy them, sell them or build on them without the Company's written permission.

5.2 Third-party information.

The data and rules of the Markets on Third-Party Platforms belong to those platforms or to their licensors.

5.3 Third-party names and marks.

The names of persons, companies, works, events and organizations, as well as the third-party marks that appear on LittleBird, belong to their respective owners. The Company mentions them only to identify the event that each Market is about. Their mention does not imply that those owners, or the organizers of the events, are related to LittleBird, sponsor it, endorse it or participate in its Markets.

5.4 Indemnification.

If the User breaches these Terms or the law and this causes the Company damage, or a claim by a third party, the User will be liable for that damage to the extent permitted by law.

(a) The User can lose all the money they put into a position. The User must only use money they can afford to lose.

(b) The User's balance is not a bank deposit. It is not protected by any deposit insurance or government guarantee in any country, such as the Instituto para la Protección al Ahorro Bancario (Institute for the Protection of Bank Savings) in Mexico.

(c) Prices may move quickly and there may be no buyer when the User wants to sell.

(d) A Market may be resolved in a way that the User considers incorrect (see section 2.8).

(e) The Stablecoins, the blockchains, the Third-Party Platforms and the Company's external providers may fail, suffer attacks or stop working. This may delay or prevent transactions, deposits and withdrawals.

(f) A change in the law or a decision by an authority could force the Company to change LittleBird, stop offering it or stop providing service to the User. If that happens, section 4.5 applies to the User's balance.

(g) Past prices and the opinions of others do not predict outcomes.

7.1 EXCLUSIONS.

THE COMPANY IS NOT LIABLE FOR:

(a) LOSSES DUE TO MARKET MOVEMENTS OR TO THE POSITIONS THAT THE USER DECIDES TO TAKE;

(b) THE WAY IN WHICH A THIRD-PARTY PLATFORM OR ITS RESOLUTION SYSTEM RESOLVES A MARKET;

(c) THE ACTS OR FAILURES OF THE THIRD-PARTY PLATFORMS, OF THE STABLECOIN ISSUERS OR OF THE BLOCKCHAINS, WHICH ARE INDEPENDENT OF THE COMPANY;

(d) LOSSES CAUSED BY SOMEONE WHO USED THE USER'S LOGIN, UNLESS THEY WERE CAUSED BY THE COMPANY; OR

(e) ACTS OF GOD (CASO FORTUITO) OR FORCE MAJEURE, AS PROVIDED BY LAW.

7.2 LIABILITY CAP.

WHEN THE LAW PERMITS A CAP, THE COMPANY'S TOTAL LIABILITY TO THE USER WILL NOT EXCEED USD 100 OR ITS EQUIVALENT IN THE CURRENCY OF THE COUNTRY WHERE THE USER LIVES. THIS CAP DOES NOT APPLY IN THE EVENT OF WILLFUL MISCONDUCT (DOLO) OR GROSS NEGLIGENCE.

7.3 CONSUMER RIGHTS.

NOTHING IN THESE TERMS LIMITS THE RIGHTS THAT THE USER HAS UNDER THE CONSUMER PROTECTION LAWS THAT APPLY TO THEM (SUCH AS THE LEY FEDERAL DE PROTECCIÓN AL CONSUMIDOR IN MEXICO) OR UNDER ANY OTHER LAW THAT CANNOT BE WAIVED BY CONTRACT.

8.1 Complaints.

If something is wrong, the User may write to info@littlebird.mx with their name, the email with which they registered and what happened. The Company will respond and try to resolve it.

8.2 Rights of the User as a consumer.

The User may file a complaint at any time with the consumer protection authority of the country where they live, or go to the competent courts.

8.3 Applicable law.

These Terms are governed by the laws of the Republic of Panama. That choice does not deprive the User of any protection that is granted to them by the law of the country where they live and that cannot be waived by contract.

9.1 Language.

These Terms are available in Spanish and in English.

9.2 Entire agreement.

These Terms and the Privacy Notice are the entire agreement between the User and the Company regarding LittleBird.

9.3 Severability.

If any part of these Terms is invalid, the rest continues to apply.

9.4 No waiver.

If the Company does not exercise a right immediately, that does not mean that it waives it.

9.5 Assignment.

The User may not assign their account or these Terms to anyone. The Company may assign them to another company that takes charge of LittleBird, provided that the User's rights are not reduced. The Company will notify the User beforehand.

9.6 Notices.

The Company sends notices to the email linked to the User's account or through the app. The User must send their notices to info@littlebird.mx.

9.7 Contact.

The User may contact the Company at info@littlebird.mx.