QUANTIX TERMS AND CONDITIONS

Last updated in November 2025

1. Introduction

1.1 Quantix Technology Projects LLC is a private limited liability company incorporated and registered in Abu Dhabi, United Arab Emirates, regulated by the UAE Central Bank with registration number CN-3762786, whose registered office is at Tamouh Tower, Al Reem Island, Abu Dhabi, United Arab Emirates (collectively Quantix, we, us, and our).

1.2 These Quantix terms and conditions (Terms) cover the terms and conditions under which we offer you access to our lending and consumer financing services (Lending Services) provided through the Botim and CashNow mobile applications (Android & iOS) (Apps).

1.3 YOU SHOULD READ THESE TERMS CAREFULLY BEFORE USING THE LENDING SERVICES OR REGISTERING AN ACCOUNT AND DETERMINE WHETHER THESE TERMS ARE APPROPRIATE TO YOU GIVEN YOUR PERSONAL OR FINANCIAL CIRCUMSTANCES. IF YOU DO NOT AGREE WITH THESE TERMS, YOU SHOULD CEASE YOUR USE OF THE LENDING SERVICES IMMEDIATELY.

1.4 By installing, accessing, downloading, or otherwise using the Apps and/or any Lending Services, you are agreeing to comply with, and be bound by, these Terms. If you breach or violate the Terms, we have the right to block your access to the Apps and the Lending Services immediately and you will not be permitted to access the Apps or the Lending Services, without our permission.

1.5 These Terms are to be read in conjunction with, and are subject to, our privacy policy (Privacy Policy) and any additional agreement (such as a Credit Agreement, as defined below) you may be required to execute with us in order to receive the Lending Services. If you do not agree and accept, without limitation or qualification, these Terms, you must cease using the Lending Services and delete the Apps immediately.

2. Changes To These Terms

2.1 We can make updates to these Terms at any time. We will let you know of any changes to these Terms via the App, or through another medium of using the Lending Services. We may make some kind of changes that are effective immediately, without telling you in advance, including; (i) where the applicable laws allow us to make immediate changes; or (ii) where we are required to make a change due to legal and/or regulatory requirements and there is not time to give you prior notice of such changes.

2.2 Where we are required to give you prior notice, the updated Terms will come into effect sixty (60) calendar days after we have given you notice, unless you have given us notice that you object to the proposed changes. Your continued use of the Apps and/or Lending Services will be deemed acceptance of the updated Terms.

2.3 If you object to the updated Terms, such objection shall constitute a notice by you that you wish to close your account (Account) and any other Lending Services you are accessing in accordance with your rights under Clause 20 (Termination Of These Terms).

‍3. Contact

3.1 If you have any questions about the Apps, the Lending Services, your Account, these Terms, or our Privacy Policy, please visit our FAQs or if the answer is not there, please get in touch with us via the Apps or by emailing us at help.cashnow@quantix.ae.

‍4. Eligibility, Registration And Security

‍4.1 Once you have downloaded the Apps, we need to set up your Account before you can fully access the Lending Services. In order to provide you with an Account, you must prove to us you are eligible by providing correct and up to date information demonstrating the eligibility requirements that we and applicable laws require.

4.2 You agree to provide accurate, current, and complete information about yourself during the registration process and to promptly update your account information as necessary to keep it accurate, current, and complete.

4.3 In addition to the above, to be eligible to make use of the Lending Services:

(a) you must be at least 18 years of age (or 21, depending on the specific Lending Service);

(b) you must be a resident of the UAE;

(c) you must provide us with your Emirates ID and any other documentation we request. We will also require that you provide a “real time” video of yourself via the Apps (using your device camera and microphone) to validate your identity. For more information on how we use the personal data please read our Privacy Policy; and

(d) you agree that any payment obligations arising from the Lending Services provided to you will be met by you pursuant to the payment terms agreed in the Credit Agreement, as defined below.

4.4 You agree to accept responsibility for all activities that occur under your Account through the use of your password. You are responsible for maintaining the confidentiality of your Account and password, and for restricting access to your devices used to access the Apps, and the Lending Services. You should not let another person use your device or your Account as this could increase the risk of fraud or misuse. If you think you have been a victim of fraud or the Lending Services have been used without your permission (including if you believe that your Account has been hacked, compromised or breached in any way), please contact us immediately by email at help.cashnow@quantix.ae or via the Apps.

‍4.5 You agree that such Lending Services will be governed by these Terms and the terms and conditions set out in the credit agreement applicable to your loan (Credit Agreement) and the any other documentation we may require you to sign as part of the loan approval process under the Lending Services (Loan), including an auto debit agreement (Auto Debit Agreement) authorising us to automatically deduct payments from your accounts and wallets with us and with other parties. To the extent of any inconsistency between these Terms, the Credit Agreement and the Auto Debit Agreement, the terms of the Credit Agreement shall prevail.

5. General Conditions

In addition to any other provisions included in these Terms, you agree that your access to the Apps, your Account, and the Lending Services we offer is subject to:

(a) Updates: When an update of the Apps becomes available, you are strongly encouraged to download this as soon as possible following its release. Updates are created to improve the Apps and the user experience. If you do not update the Apps, it may no longer be supported by us and, over time, will likely depreciate in functionality.

‍(b) Device Fees: You are wholly responsible for all carrier data plan and other applicable fees and taxes associated with your device.

(c) Deleting the Apps: You must not delete the Apps until your Account has been closed in accordance with these Terms.

(d) Electronic Communications: By opening an Account and/or using any of the Lending Services and providing your email address and/or mobile number, you consent to receive electronic communications from us, including notifications, confirmations, disclosures, and other information related to your Account, transactions, and use of the Lending Services. You agree that all agreements, notices, disclosures, and other communications we provide to you electronically satisfy any legal requirement that such communications be in writing.

‍6. Promotions And Referral Programs

From time to time, we may offer promotions, referral programs, or other incentives in connection with the Lending Services. Such promotions, referral programs, and incentives may be subject to additional terms and conditions, which will be communicated to you in connection with the relevant promotion, referral program, or incentive. By participating in any such promotion, referral program, or incentive, you agree to be bound by the applicable terms and conditions.

‍7. Credit Decisions

Credit decisions, including the approval or denial of the Lending Services, are at our sole discretion. We are not obligated to provide any reasons for our credit decisions, and you acknowledge and agree that we shall not be liable in any way for the decision to grant or not grant credit or for any consequences arising from such decisions, including, but not limited to, any financial loss or damage, denial of opportunities, or any other adverse effects.

‍8. Fees And Payments

You are responsible for any and all fees and charges associated with the Lending Services that you use. The fees for the Lending Services and any additional fees, such as late payment fees, will be as set forth in the relevant Credit Agreement and the related key facts statement (KFS) that we will provide to you as part of the Loan approval process.

By using the Lending Services, you authorise us to initiate payments from your designated payment account for all amounts due to us in connection with the Lending Services. Some Lending Services may attract additional fees and charges and will be subject to specific repayment and auto-debit arrangements.

‍9. Loan Statements

9.1 We will inform you of all transactions on your Loan as they occur via SMS or email or via the Apps. We will also provide you with regular statements free of charge showing all transactions that have occurred in your Loan. You are responsible for checking the accuracy of the statements sent to you.

9.2 You are responsible for informing us if your contact or identification information changes or confirming such information to us at our request.

‍10. Consent To Collection Activities

10.1 By using the Lending Services, you acknowledge and consent to our conducting collection activities in accordance with applicable laws and regulations, as well as these Terms and any applicable Credit Agreement, in the event of any default or failure to repay any amounts owed to us in accordance with the terms of the Auto Debit Agreement.

10.2 Collection activities may include, but are not limited to, contacting you through phone calls, emails, text messages, or other communication methods, employing third-party collection agencies, and reporting any delinquencies or defaults to credit reporting agencies. You also agree that we may contact the references you provided during the application process for the Lending Services to assist in collection activities or to verify your information. You agree to cooperate with us and any third-party collection agencies in resolving any outstanding balances or disputes and to provide accurate and up-to-date contact information for the purpose of collection activities.

10.3 You acknowledge and agree that we may obtain and report such information to any licensed and/or authorised credit bureau in the UAE, including but not limited to Al Etihad Credit Bureau (AECB). In particular, you agree that:

(a) You hereby entitle and authorise (Consent) to us obtaining and disclosing any of your financial, legal or credit information, including any information pertaining to your address, telephones or utility bills or any other information which is included in the credit information report, to verify, obtain or disclose such information as we deem fit in our absolute discretion.

(b) You agree that we may obtain, request, transfer and disclose any information relating to you (including information we obtain from any third parties such as any local or international credit bureau), to and between our subsidiaries, affiliates and agents and any third parties selected by any of them or us, wherever situated, for private use (including for use in connection with the provision of any loan to you and for data processing, statistical and risk analysis purposes. You and any affiliates, agents or any third parties selected by any of them or you, shall be entitled to obtain, transfer and disclose any of your credit, legal or financial information.

(c) Without prejudice to the foregoing, you authorise us, without the need to get any written or oral permits, to obtain or disclose any of the information indicated in this Consent from any governmental or semi-governmental authorities, body, organization, company, credit bureau or telecommunications company and any service provider such as electricity, water and telecommunication companies, or any other person or entity as it is needed, whether inside the UAE or abroad, which maintain or are supposed to maintain any of the information contained in this Consent relating to you. We may, pursuant to this Consent, communicate with such bodies to obtain or disclose any of information mentioned in this Consent.

(d) We shall be entitled to use any or all of the information contained in this Consent for the purpose of granting/or commencing to grant you the Lending Services or to use this information for the purpose of assessing your credit position and collect any amounts or loans payable to us. This Consent shall remain in force and effect against you and may not be terminated or amended without our prior written consent.

(e) You agree to Quantix, our officers and agents disclosing information relating to your Loan and/or dealing relationship(s), including but not limited to details of any credit facilities, any security taken, transaction undertaken, balances and positions with us or any affiliate of ours, to:

i. professional advisors and service providers of the permitted parties who are under a duty of confidentiality;

ii. any actual or potential participant or sub-participant in relation to any of our rights and/or obligations under any agreement with you, or any assignee, novate or transferee (or any agent or adviser of any of the foregoing);

iii. any rating agency, credit information bureau (whether inside the UAE or abroad) including the AECB, insurer or insurance broker, or direct or indirect provider of credit protection to any permitted party; and

iv. any court or tribunal or regulatory, supervisory, governmental, or quasi-governmental authority with jurisdiction over the permitted parties.

(f) You authorise and allow us to inquire from banks and other financial institutions, your employer, or any other body as we deem appropriate about any financial and non-financial information relating to you including but not limited to the details of banking facilities, the financial position, the income, and any other information relating to you which we deem appropriate without reference to you.

(g) This Consent shall be subject and interpreted in accordance with the Federal Credit Information Law No. 6 of 2010.

‍11. Availability Through Third Party Applications

These Terms also apply to the extent the Lending Services are made available through other applications, platforms, or services. By accessing or using the Lending Services through such other applications, platforms, or services, you acknowledge and agree to be bound by these Terms, and you represent and warrant that your use of the Lending Services on or through such other applications, platforms, or services complies with any applicable terms and conditions of those applications, platforms, or services.

‍12. Acceptable Use

When using the Apps and the Lending Services, you must always do so for legal, authorised, and acceptable purposes. When using the Lending Services you will not, nor permit any person using your Account and/or accessing the Apps to:

(a) use the Lending Services in any unlawful manner, for any unlawful purpose, or in any manner inconsistent with or in breach of these Terms;

(b) violate or infringe the rights of Quantix, any of our group companies, our users, or other third parties, including rights in respect of privacy, intellectual property, or other proprietary rights;

(d) engage in any potentially fraudulent or suspicious activity and/or transactions;

(e) refuse to cooperate with an investigation or provide any information we request, including with respect to verifying your identity;

(f) transmit any communication, material or other content that is illegal, obscene, defamatory, threatening, intimidating, harassing, hateful, racially, or ethnically offensive, or which could instigate or encourage conduct that would be illegal or otherwise inappropriate, including promoting violent crimes;

(g) impersonate someone;

(h) seek to harm Quantix, our group companies, or any of our users or customers; or

(i) access, use, copy, modify, distribute, display, otherwise exploit or prepare derivative works based upon our Lending Services in impermissible or in an unauthorised manner, or in ways that harm us, our group companies, the Apps, our Lending Services, systems, users, or others. In particular you must not, nor permit any person accessing the Apps or using your Account to:

i. reverse engineer, alter, modify, create derivative works from, decompile, or extract code from our Apps, except to the extent permitted by law;

ii. send, store, or transmit viruses or other harmful computer code through or onto our Apps;

iii. gain or attempt to gain unauthorised access to our systems or those of our group companies;

iv. create accounts for our Lending Services through unauthorised means;

v. collect the information of or about our users in any impermissible or unauthorised manner;

vi. sell, resell, rent, or charge for the use of, our Lending Services;

vii. use the Lending Services and any applications made available to you for any illegal purposes or purposes that these are not intended to be used for;

‍viii. to avoid complying with age restrictions applicable to the Lending Services;

ix. engage in any activity that would potentially exploit children, promote violence, terrorism, extremism, or hate;

x. engage in activity that could lead to or be considered as a misrepresentation, fraud, or manipulation of any party;

xi. emit or transmit any virus or bug to affect the Apps or any Lending Services;

xii. infringe the intellectual property rights of others by sharing content that may be infringing third party copyright (either registered or not registered);

xiii. publicly display or use the Lending Services to share inappropriate content or material (for example, involving nudity, pornography, offensive language, graphic violence, or criminal activity);

xiv. engage in phishing or sending or distributing unsolicited communication to other persons or entities or violate the privacy rules of others, such as marketing or spamming by contact requests, messages, or calls;

xv. promote, support, or encourage illegal consumption of alcohol or tobacco;

xvi. attempt to circumvent any restrictions on access to or availability of the Lending Services; or

xvii. use or launch any automated system, including without limitation, “robots,” “spiders,” “offline readers,” etc. or “load testers” such as wget, apache bench, mswebstress, httpload, blitz, etc., which access the Lending Services in a manner that sends more request messages to the Botim servers in a given period of time than a human can reasonably produce in the same period by using a Botim application and not to digitally extract the content, unless specifically allowed.

‍13. Licenses And Intellectual Property

13.1 What we own. Throughout our relationship with you, we retain ownership and/or control, as appropriate, of the Lending Services and Apps and all intellectual property rights therein, including all copyrights, trademarks, domains, logos, trade secrets, patents, and other intellectual property rights that have existed, do, may or will exist in the future (Intellectual Property). You may not use our Intellectual Property unless permitted under these Terms or with our express written consent (which you can seek by contacting us by email at help.cashnow@quantix.ae or via the Apps).

13.2 What you own. Throughout our relationship with you, you retain ownership of the details, information, or other data you submit for your Account or through the use of our Lending Services.

13.3 In order for us to provide you with access to the Apps and/or our Lending Services to the best of our ability, you grant us a worldwide, free of charge, sublicensable, and transferable right to use, reproduce, distribute, create derivative works of, and display the information (including any content) that you upload, store, send, or receive on or through the use of the Apps and/or Lending Services. We will only use such rights for the limited purpose of providing our Lending Services which includes, for example, to allow us to display your profile picture.

13.4 In order for you to access the Apps and/or receive the Lending Services at the best standard, we grant you a revocable, non-exclusive, non-sublicensable and non-transferable right to use the Apps and Lending Services for the sole purpose for which they were created, subject to and in accordance with these Terms. No other rights are granted to you by implication or otherwise.

13.5 If you believe our Intellectual Property is being infringed by a third party, please contact us immediately using the contact details provided above. If we believe you are infringing (or otherwise misusing) our Intellectual Property or the intellectual property of another, we may terminate your Account and access to any Lending Services with immediate effect.

‍14. Disclaimer

14.1 Your use and acceptance of the Apps and any Lending Services is at your own risk and at all times subject to the following disclaimers:

(a) the Apps and Lending Services are provided on an “as is” basis without any express or implied warranties;

(b) no warranty is given that any information provided by us is accurate, complete, or useful, that the Apps and Lending Services will be operational, free from errors, secure, safe, or that the Apps and Lending Services will function without disruptions, delays, or imperfections;

(c) we do not control, and are not responsible for controlling, how or when our users use our Apps and Lending Services; and

(d) we are not responsible for and are not obligated to control the actions or information (including content) of our users or other third parties.

14.2 The forgoing disclaimers will apply to the fullest extent permitted by applicable law.

15. Your Liability

To the extent permitted by law, you agree to defend, indemnify, and hold harmless Quantix, its affiliates, officers, director, employees, agents, licensors and suppliers from and against all liabilities, damages, losses, and costs (including reasonable legal fees and costs) relating to, arising out of, or in any way in connection with any of the following:

(a) your access to or use of our Apps and/or Lending Services;

(b) your breach of these Terms;

(d) your violation of any applicable law, regulation, or third-party right.

‍16. Our Liability

16.1 We, our affiliates, subsidiaries, directors, employees, partners and agents will not be held liable to you, whether in contract (including under any indemnity), tort (including negligence), under statute or otherwise, under or in connection with these Terms, your activities under your Account, your use of the Apps and/or our provision of any of our Lending Services, for any:

(a) consequential, indirect, incidental, punitive or special losses or damages;

(b) loss of profits, loss of business or loss of business opportunity;

(c) losses incurred as a result of abnormal or unforeseeable circumstances outside our reasonable control, including delays or failures caused by problems of another system or network, mechanical breakdown, industrial action, or a pandemic;

(d) losses incurred where a law, or guidance or instruction from a governmental authority, requires us to take action, for example to terminate these Terms and close your Account; or

(e) any other loss or damage to the extent that such loss or damage is caused or contributed to by you or is a result of the failure by you to comply with these Terms.

16.2 For any losses or damages for which we are found liable, our aggregate liability towards you for all claims during our relationship with you shall not exceed AED 500.

16.3 These exclusions and limitations of liability will apply to the fullest extent permitted by applicable law.

‍17. Consent To Collecting And Providing Personal Information

17.1 To enable you to use the Apps and/or the Lending Services we must collect, store, use, share and otherwise process your personal data. No credit or debit card details or personally identifiable information will be stored, sold, shared, rented, or leased to any third parties except as otherwise set out in our Privacy Policy and these Terms. To learn more about why and how we do this, please read our Privacy Policy. It will also provide useful information about the rights you may have in relation to your personal data and how you may be able to exercise such rights.

17.2 By using the Lending Services and providing your personal information to us, you expressly consent to the collection, use, storage, and processing of your personal information by us, subject to our Privacy Policy.

17.3 As a licensed financial institution in the UAE, we are required to report certain personal and credit transaction information to the authorities, including but not limited to your name, outstanding loans, and repayment history.

17.4 You acknowledge and agree that we may obtain and report such information to any licensed and/or authorized credit bureau in the UAE, including but not limited to Al Etihad Credit Bureau (AECB), as more fully set out in Clause 10.3 (Consent To Collection Activities).

‍17.5 You understand that we may also share your personal information with third parties, as described in our Privacy Policy, for the purpose of providing the Lending Services, enhancing your user experience, and complying with applicable laws and regulations. By registering for an Account or using the Lending Services, you confirm that you have read, understood, and agreed to the terms of our Privacy Policy, which is incorporated into these Terms by reference.

‍18. Artificial Intelligence Warning

18.1 You acknowledge and agree that, to the extent we elect to employ or otherwise rely upon artificial intelligence–enabled technologies, machine-learning systems, large language models, generative tools, automated decision-making software, or any similar or successor functionality (collectively, AI Tools) in the course of providing the Lending Services, the following provisions of this Clause 18 shall apply and shall govern, supersede and prevail over any inconsistent term elsewhere in these Terms.

18.2 Nature of AI Output. AI Tools generate content probabilistically and at speed, frequently relying on third-party data sets that may be incomplete, outdated, biased, or otherwise unreliable. Accordingly, all text, analyses, data, images, audio-visual materials, recommendations, statistics, code, or any other output or derivative work produced, suggested, or assisted by AI Tools (together, AI Output) are provided solely on an “as is” and “as available” basis for preliminary, non-binding informational purposes. AI Output does not constitute legal advice, professional advice of any kind, or a definitive statement of fact, law, or policy, and shall not be relied upon without independent human review and verification by suitably qualified personnel.

18.3 Accuracy, Completeness, and Currency. Quantix does not represent, warrant, or guarantee that AI Output will be accurate, complete, current, free of errors, stereotypes, or omissions, suitable for any particular purpose, or compliant with applicable law, regulation, or professional standards. You accept full responsibility for validating the accuracy and appropriateness of all AI Output and for obtaining such specialist or professional advice as you consider necessary before acting or refraining from acting.

18.4 Intellectual Property and Third-Party Rights. AI Output may incorporate, reproduce, transform, or otherwise implicate intellectual property rights, proprietary data, or confidential information owned or controlled by third parties. Quantix makes no representation that the creation, use, dissemination, or exploitation of AI Output will not infringe or misappropriate any patent, trademark, copyright, moral right, database right, trade secret, or other intellectual property or proprietary right. You undertake to indemnify and hold Quantix and its affiliates harmless from and against all liability, loss, damage, cost, or expense (including reasonable legal fees) arising out of or in connection with any such infringement or misappropriation.

18.5 Confidentiality and Data Protection. While we take reasonable steps to configure AI Tools so as to preserve the confidentiality of your personal data and to comply with applicable data-protection laws, you recognise that AI Tools may process, transmit, store, reproduce, or otherwise expose inputs or prompts, including personal data and confidential information, to external servers, service providers, or other environments not wholly controlled by Quantix. You therefore agree: (a) to refrain from providing any personal data, special-category personal data, export-controlled data, or information that is subject to legal privilege, secrecy obligations, or insider-trading restrictions within any prompt or input furnished to an AI Tool, and (b) that, to the extent you do provide such information, you do so entirely at your own risk.

18.6 Regulatory Compliance. AI Tools may be subject to domestic and foreign laws and regulations governing, inter alia, automated decision-making, algorithmic accountability, export control, sanctions, and sector-specific compliance. Quantix does not warrant that the utilisation of AI Tools or AI Output is compliant with any such laws or regulations, and you shall bear sole responsibility for ensuring that its use, distribution, or commercialisation of AI Output accords with all applicable legal and regulatory requirements.

‍19. Complaints And Customer Support

We are committed to providing quality services and addressing any concerns or complaints you may have in a timely and efficient manner. If you have any complaints or concerns about the Lending Services or any aspect of your experience with Quantix, please contact our customer support team by emailing us at help.cashnow@quantix.ae. We will acknowledge receipt of your complaint and strive to resolve the issue as quickly as possible. In your email, please provide a detailed description of your complaint or concern, along with any supporting documentation or information that may assist us in resolving the matter.

‍20. Termination Of These Terms

20.1 Some provisions of these Terms will continue to apply to you even after you close your Account or cease using the Lending Services. These include: Clause 13 (Licenses And Intellectual Property), Clause 14 (Disclaimer), Clause 5 (Your Liability), Clause 16 (Our Liability), Clause 20 (Termination Of These Terms), Clause 30 (Notices) and Clause 31 (Dispute Resolution And Governing Law).

20.2 We may, at our sole discretion, at any time, block your access to the Apps and disable your Account (either indefinitely or for a set period of time) and/or terminate your access and use of any or all of the Lending Services if any of the following occur:

(a) we suspect you are using the Lending Services, or permitting your Account to be used for criminal or fraudulent purposes;

(b) we suspect someone is using your Account without your authority;

(c) we do not have sufficient information to operate your Account or provide you with a Lending Service, including up to date contact and identification information;

(d) we identify that you were not eligible to open your Account or to receive any of the Lending Services;

(e) your behaviour towards our staff makes it difficult for us to deal with you;

(f) you do not accept any updated versions of these Terms;

(g) you do not pay any interest, fees or charges owed on time;

(h) you go into bankruptcy, enter into an individual voluntary arrangement, have a debt relief order, or trust deed lodged against you or enter into any other form of analogous circumstances;

(i) you die; or

(j) we suspect you have violated these Terms.

20.3 You can close your Account at any time by contacting us via the Apps or by emailing us at help.cashnow@quantix.ae. Any such termination by you shall not affect any accrued amounts owing or other liabilities you have incurred to us.

20.4 If any of the events listed above happen, you (or your estate) are responsible for cancelling all payments in and out of your Account and deleting the Apps from your device.

‍21. Language

These Terms were prepared in English and therefore the default language is English. Should you wish to access these Terms in a different language, please update the language setting on your device to the preferred language. Please note that not all languages are available and should there be any discrepancies or differing interpretations or meanings between the English version of these Terms and any translation, the English language version of the Terms shall prevail.

‍22. Assignment

You may not assign, transfer, or delegate your rights or obligations under these Terms without our prior written consent. We may assign, transfer, or delegate our rights and obligations under these Terms, in whole or in part, without your consent, to any affiliate or in connection with a merger, acquisition, sale of assets, or other business transaction.

‍23. Force Majeure

Neither party shall be liable for any failure or delay in performance under these Terms (other than payment obligations) if such failure or delay is due to causes beyond its reasonable control, including but not limited to acts of God, war, terrorism, natural disasters, pandemics, government regulations, strikes, or communication or utility failures.

‍24. Waiver

No waiver of any provision of these Terms shall be effective unless it is in writing and signed by the party against whom it is sought to be enforced. The failure of either party to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

‍25. Severability

If any provision of these Terms is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable, the remaining provisions of these Terms shall continue in full force and effect, and the invalid, illegal, or unenforceable provision shall be deemed replaced by a valid, legal, and enforceable provision that most closely accomplishes the original intent of the parties.

‍26. Entire Agreement

These Terms, together with the Credit Agreement, Privacy Policy, and any other policies or guidelines referenced herein, constitute the entire agreement between you and us with respect to the Lending Services and supersede all prior or contemporaneous communications, agreements, or understandings, whether written or oral, relating to the subject matter hereof.

27. No Third-Party Beneficiaries

Except as expressly provided in these Terms, there are no third-party beneficiaries to these Terms and no person or entity other than you and Quantix shall have any rights or remedies under these Terms. For the avoidance of doubt, a person who is not a party to the agreement between you and us with respect to your use of the Lending Services has no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of, or enjoy any benefit under, these Terms.

‍28. Headings

The headings in these Terms are for convenience only and shall not affect the interpretation or construction of any provision of these Terms.

‍29. Local Law Violations

The Apps and our Lending Services should not be accessed or otherwise used in any jurisdiction where the Apps or any or all of the Lending Services are prohibited to any degree.

‍30. Notices

Any notices or other communications required or permitted under these Terms shall be in writing and shall be deemed given when delivered personally, sent by registered or certified mail (postage prepaid, return receipt requested), or sent by email (with confirmation of receipt) to the addresses or email addresses provided by each party during the account registration process or as updated by either party from time to time. Quantix may also issue notices and other communications via in-app messages or SMS.

‍31. Dispute Resolution And Governing Law

31.1 We try to provide clear rules so that we can limit or hopefully avoid disputes between you and us. If a dispute does arise, however, please see the following as to how it can be resolved and what laws will apply.

31.2 Unless expressly required otherwise by law, these Terms and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with these Terms or their subject matter or formation shall be governed by and construed in accordance with the laws of England and Wales.

31.3 We both agree that the courts of the Abu Dhabi Global Market (ADGM) in Abu Dhabi shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with these Terms or the subject matter or formation.

‍32. Glossary Of Terms Used In These Terms

32.1 The following terms are used in these Terms:

(a) ADGM: means the Abu Dhabi Global Market.

(b) Account: means an account opened in order to make use of the Lending Services.

(d) AI Tools: means artificial intelligence–enabled technologies, machine-learning systems, large language models, generative tools, automated decision-making software.

(e) AI Output: means text, analyses, data, images, audio-visual materials, recommendations, statistics, code, or any other output or derivative work produced, suggested, or assisted by AI Tools.

(f) Apps: means the Botim and CashNow mobile applications (available for Android & iOS devices).

(g) Auto Debit Agreement: means the agreement signed by a borrower that authorises the automatic deduction of payments from an account for the repayment of a loan or debt.

(h) Botim: means Algento DMCC, a subsidiary of Astra Digital Holdings Ltd.

(i) CashNow: means the brand under which Quantix provide the Lending Services.

(j) Credit Agreement: means the additional agreement between a user of the Lending Services (Borrower) and Quantix that sets out the specific terms and conditions of the Loan.

(k) Consent: in the context of the Lending Services, means the consent granted by a user of the Lending Services for Quantix to obtaining and disclosing any of that person’s personal, financial, legal or credit information which is included in a credit information report.

(l) Intellectual Property: intellectual property rights, including all copyrights, trademarks, domains, logos, trade secrets, patents, and other intellectual property rights that have existed, do, may or will exist in the future.

(m) KFS: means a statement setting out the key facts of a financial product.

(n) Loan: means a personal loan issued by Quantix as part of the lending and consumer financing services offered by Quantix under the Lending Services.

(o) Loan Services: means the Lending Services.

(p) Lending Services: lending and consumer financing services offered by Quantix.

(q) Privacy Policy: means the Quantix privacy policy.

(r) Quantix: means Quantix Technology Projects LLC, a subsidiary of Astra Digital Holdings Ltd.

(s) Terms: means these Quantix Terms and Conditions.

(t) UAE: United Arab Emirates.