AIRTM TERMS OF SERVICE

LAST UPDATED: November 6, 2017

Welcome to AirTM!
W elcome to the website operated by AirTM Ltd. (hereafter referred to as "AirTM," "we,"
"us," or "our"). AirTM maintains www.AirTM.io (hereafter "Site"), as a service to our users
and visitors (our Site and such services, collectively, our "Services"). By using this Site,
you agree to comply with and be legally bound by the following terms of use ("Terms"),
whether or not you become a registered user of the Services. Please review t he following
terms carefully. If you do not agree to these terms, you have no right to obtain information
from or otherwise continue using this Site. Failure to use this Site in accordance with the
following terms of use may subject you to civil and crimin al penalties. W e reserve the right
to modify these Terms or policies relating to the Services at any time, effective upon posting
of an updated version of these Terms on the Site. You are responsible for regularly
reviewing these Terms. By using this Site, you agree that the posting of new or revised
terms and conditions on the Site will constitute adequate and constructive notice to you of
any and all revisions and changes. Continued use of the Service after any such changes or
after explicitly accepting t he new Terms upon logging into the site shall constitute your
consent to such changes.

1. The AirTM Services

1.1 Overview . The Services constitute a technology platform that enables users of AirTM's
mobile applications or websites provided as part of the Services (each, an "Application") to
arrange and facilitate virtual currency services with third party providers of such services,
including providers under agreement with AirTM or certain of AirTM's affiliates ("Third Party
Providers"). The virtual curre ncy services arranged and facilitated by AirTM involve the
buying, selling and exchange of digital currencies in territories where AirTM operates.
These virtual currency transactions often, but not always, directly or indirectly involve
cryptocurrency-related on -blockchain value conversions, and/or other supported electronic
payment services such as Paypal, Neteller, Alipay, Tenpay, among others. AirTM is an
Application and independent service provider for all purposes, and is not your agent or
trustee. Unless otherwise agreed by AirTM in a separate written agreement with you, the
Services are made available solely for your personal, noncommercial use. YOU
ACKNOW LEDGE THAT AIRTM DOES NOT ITSELF PROVIDE VIRTUAL CURRENCY
SERVICES OR FUNCTION AS A MONEY TRANSMI TTER BUT ONLY FACILITATES THE
ACTIVITIES CONDUCTED BY THIRD PARTY PROVIDERS.
1.2 Third-Part y Providers. Through Third -Party Providers, AirTM arranges and facilitates
virtual currency services that involve the buying, selling and exchange of digital currenc ies
in territories where AirTM operates. These virtual currency transactions often, but not
always, directly or indirectly involve cryptocurrency -related on-blockchain value
conversions, and/or other supported electronic payment services such as Paypal, Ne teller,
Alipay, Tenpay, among others. with the capability for holding deposited funds in an e -wallet
whose value is denominated in USD, CNY, or other fiat currencies. The Third -Party
Providers include “Cashiers”. Cashiers are consultants and administrators who use the
AirTM platform from a specific jurisdiction and buy, sell and exchange local currency on
behalf of AirTM customers. You should be advised Cashiers may conduct transactions
facilitated by AirTM Services through cryptocurrency -related on-blockchain value
conversions, and/or other supported electronic payment services such as Paypal, Neteller,
Alipay, Tenpay, among others.
1.3 Your privac y. Protecting your privacy is very important to AirTM. Please review
our Privacy Policy in order to better understand our commitment to maintaining your
privacy, as well as our use and disclosure of your Information. The Privacy Policy is
incorporated herein by reference. You agree to abide by all terms set forth in the Privacy
Policy.
1.4 Intellectual Propert y. Material on our Site (with the exception of Third -Party Content)
is protected by rights of publicity, copyright, trademark, trade secret, and other proprietary
rights and intellectual property laws as applicable. Except as expressly authorized by us,
you may not: (i) remove any copyright, trademark or other proprietary notices from any
portion of the Services; (ii) reproduce, modify, prepare derivative works based upon,
distribute, license, lease, sell, resell, transfer, publicly display, publicly perfor m, transmit,
stream, broadcast or otherwise exploit the Services except as expressly permitted by AirTM;
(iii) decompile, reverse engineer or disassemble the Services except as may be permitted
by applicable law; (iv) link to, mirror or frame any portion o f the Services; (v) cause or
launch any programs or scripts for the purpose of scraping, indexing, surveying, or
otherwise data mining any portion of the Services or unduly burdening or hindering the
operation and/or functionality of any aspect of the Serv ices; or (vi) attempt to gain
unauthorized access to or impair any aspect of the Services or its related systems or
networks. "AirTM," and "www.AirTM.io" are trademarks of AirTM Inc. protected by
applicable law; you agree not to use such marks for any purp ose, including but not limited
to as meta tags on other websites, in written materials or otherwise.
1.5 Assignment. You may not transfer or assign any rights or obligations you have under
this Agreement without AirTM's prior written consent. AirTM reserve s the right to transfer
or assign this Agreement or any right or obligation under this Agreement at any time.
1.6 Notice. AirTM may give notice by means of a general notice on the Services, electronic
mail to your email address in your Account, or by writt en communication sent by first class
mail or pre-paid post to your address in your Account. Such notice shall be deemed to have
been given upon the expiration of 48 hours after mailing or posting (if sent by first class
mail or pre-paid post) or 12 hours a fter sending (if sent by email). You may give notice to
AirTM, with such notice deemed given when received by AirTM, at any time by first class
mail or pre-paid post to AirTM, Inc., Attn: AirTM User Notices, 8 The Green, Suite A, Dover,
DE 19901.
2. Use of the AirTM Services
2.1 AirTM Guarantee. The safety and security of your money is very important to AirTM.
Subject to the terms and conditions of this Agreement, AirTM guarantees that transactions
you initiate and are authorized through our Services will b e completed in accordance with
the instructions you provide.
2.2 AirTM Account. In order to use most aspects of the Services, you must register for and
maintain an active personal user Services account ("Account"). You must be at least 18
years of age, or the age of legal majority in your jurisdiction (if different than 18), to obtain
an Account. Account registration requires you to submit to AirTM certain personal
information, such as your name, address and mobile phone number. You agree to maintain
accurate, complete, and up -to-date information in your Account. Your failure to maintain
accurate, complete, and up -to-date Account information may result in your inability to
access and use the Services or AirTM's termination of this Agreement with you. You c an
only have one account at any given time and your email address must match on all means
of payment associated to the platform as a necessary and compulsory for the prevention of
fraud. You will not in your use of the Services cause nuisance, annoyance, i nconvenience,
or property damage, whether to the Third Party Provider or any other party. In certain
instances you may be asked to provide proof of identity to access or use the Services, and
you agree that you may be denied access to or use of the Service s if you refuse to provide
proof of identity.
2.3 Account Access. You are responsible for maintaining the confidentiality of your
Account information, including your password and all activity including transactions that
occur under your account. You agree to immediately notify the Site of any unauthorized
access to and use of your account or password, or any other security violation via email to
contacto@airtm.io. You may not authorize third parties to use your Account, and you may
not allow persons under t he age of 18 to receive virtual currency services from Third Party
Providers. You are solely responsible for all acts performed through the platform using your
password or account. You should not attempt to gain unauthorized access to the Site, and
any attempt to do so or to help others (members or third parties) to do so, or distributing
instructions, software or tools for this purpose will result in the termination of your account
and other associated accounts, without prejudice to other rights, remedies and actions
AirTM may take. You cannot create or use accounts other than your own.
2.4 AirTM Transactions. You acknowledge and agree that AirTM does not guarantee the
execution of all orders you request and that AirTM may also cancel a transaction in its
reasonable discretion. You may be requested to provide additional information when
initiating an AirTM Transaction including providing proof of source of funds. You agree to
comply with such requests and understand and acknowledge that AirTM may cancel any
transaction should you fail to comply with such requests and further may restrict access
and use the Services or terminate this Agreement and your account permanently.
2.5 Charges. You understand that use of the Services may result in charges to you for the
services you receive from AirTM or a Third Party Provider ("Charges"). Any AirTM Charges
are generally displayed before you initiate a service request. After you have received virtual
currency services through your use of the Service, AirTM will facili tate your payment of any
applicable Charges on behalf of the Third Party Provider, as such Third Party Provider's
limited payment collection agent. Payment of the Charges in such manner shall be
considered the same as payment made directly by you to the Th ird Party Provider. All
Charges paid by you are final and non -refundable, unless otherwise determined by AirTM.
All Charges are due immediately and payment will be facilitated by AirTM. As between you
and AirTM, AirTM reserves the right to establish, remov e and/or revise Charges for any or
 all virtual currency services obtained through the use of the Services at any time in AirTM's
sole discretion. AirTM will use reasonable efforts to inform you of Charges that apply,
provided that you will be responsible f or Charges incurred under your Account regardless
of your awareness of such Charges or the amounts thereof. AirTM may from time to time
provide certain users with promotional offers and discounts that may result in different
amounts charged for the same or similar virtual currency services obtained through the use
of the Services, and you agree that such promotional offers and discounts, unless also
made available to you, shall have no bearing on your use of the Services or the Charges
applied to you.
2.6 Chargebacks. In addition to the Charges described above, you understand and agree
that you are responsible for any fees, costs, expenses, charges and the like (collectively,
“Chargebacks”) incurred by AirTM as a result of transactions you initiated and tha t were
reversed, failed, were fraudulent or resulted in errors when processed.
2.7 User Responsibilities. AirTM does not provide advice on the legality, taxes, insurance
or investments, nor even for transactions facilitated through the Services. You repre sent
and warrant that you will only use the Services for transactions in accordance with the
conditions set out in these Terms and are duly authorized and have the ability to participate
in the transactions on the platform. It is your responsibility to ens ure that you have sufficient
funds to complete the transactions you initiate through the Services and that the funds are
available and come from legal sources. You warrant that you will not to use the Services
for illegal activities of any kind, including but not limited to money laundering and terrorist
financing. W e reserve the right to impose limits on your usage of the Services or to suspend
or terminate your AirTM account if we reasonably believe that your use of our Services is
not consistent with nor mal, fair and reasonable use, as determined by us in our sole
discretion. W herever reasonably possible, we will give you written notice before taking any
such action, and provide you with a reasonable period of time to modify your use.
2.8 Netw ork Access and Devices. You are responsible for obtaining the data network
access necessary to use the Services. Your mobile network's data and messaging rates
and fees may apply if you access or use the Services from a wireless -enabled device. You
are responsible fo r acquiring and updating compatible hardware or devices necessary to
access and use the Services and Applications and any updates thereto. AirTM does not
guarantee that the Services, or any portion thereof, will function on any particular hardware
or devices. In addition, the Services may be subject to malfunctions and delays inherent in
the use of the Internet and electronic communications.
2.9 Taxes. It is your sole responsibility to determine whether, and to what extent, any taxes
apply to any transactio ns associated with your use of AirTM. W e will not withhold any
amounts from your account; provided however, that we reserve the right to withhold any
amounts that we deem required under applicable law.
3. Referral Program
3.1 Program Overview . The AirTM Referral Program rewards existing AirTM users who
help to spread word about AirTM services to their friends. Current AirTM members who
initiate a referral are defined as “Inviters.” Non -members who activate an AirTM account
upon a referral are defined as “In vitees.” AirTM reserves the right to modify, extend or
cancel this Program at any time.
3.2 Eligible Inviters. The Program is only available for users with active AirTM accounts
in good standing. Inviters must be an individual person and of the age of majo rity in the
state/province or jurisdiction where you are resident at the time of participation (Companies
and employees of AirTM or their subsidiaries or affiliates, including immediate family and
household members, are not eligible to earn credit for refe rrals).
3.3 Qualif ying Referral and Rew ards. To qualify for Referral Rewards, Inviters must
complete the Program referral invitation with a valid email address or any other invitation
delivery method supported.
 (a) Inviters will earn cash Rewards as determined by the Company, the value of such
Rewards being those that are valid for the Inviters' country of AirTM registration at the
time the Referral is sent and triggered by one of the following events:
o For any Invitee who funds a valid AirTM account, as determined and communicated by
AirTM.
 (b) Invitees will earn Rewards triggered by the following event:
o Upon creation of a verified AirTM account.
o For funding their valid AirTM account, as determined and communicated by AirTM.
You cannot redeem a referra l credit for referring yourself. You may only participate in the
program with one account. Each Inviter may earn a maximum of 1,000 Qualifying Referrals.
Please allow up to 7 days after referral validation for referral reward to be applied.
3.4 Ineligible Referrals. AirTM reserves the right to void any Referral credit based on
the following: (1) ineligibility of any Program participant, (2) fraudulent activation or, (3)
 if AirTM, in its sole discretion, finds that you have violated any of the Program Ter ms and
Conditions or AirTM’s Terms of Service.
3.5 Additional Terms and Conditions. Participation in the Program is prohibited where
void by applicable law or regulation. If your account is “interrupted”, “suspended” or you
cancel your account with AirTM, you are no longer eligible to participate in the Program.
Upon cancellation with AirTM, your account will be inactive and you may not make referrals
or earn Program Rewards, including any referral credits that may be pending. Invitees have
to register a new AirTM account within 30 days of receiving the referral to qualify. You are
responsible for any and all tax liabilities associated with the Program. W e reserve the right
to change the terms and conditions of the Referral Program at any time, without noti ce, at
our sole discretion. W e reserve the right to not award a Reward or disqualify someone from
the Program if we feel, in our sole discretion, that fraudulent behavior or other unethical
conduct has occurred in any way that compromises the fairness of t he Program in any way.
Spam, unsolicited commercial email, or any form of illegal means of communication is
illegal, prohibited, and will be grounds for termination of your account and participation in
this Program. Fraudulent or unethical means of communi cation such as using bots, fictitious
identities, fake emails, or scripts is also prohibited and will result in similar actions by us
with respect to terminating your account and participation in the Program.
4. Termination
You may close your AirTM accou nt for any reason and at any time. AirTM may, at its
discretion and without notice, terminate your access to the Site and your Account, including
but not limited to: restrict access to, suspend or terminate the account and Services,
prohibit access to the site and its contents, services and tools, delay or remove content
hosted on the Site, and take technical and legal steps to keep you off the site if we
determine in our sole discretion that you are creating problems or possibly conducting legal
liabilities, infringing the intellectual property of others, or violating these Terms. In addition,
we may, at our sole discretion, suspend or terminate your Account for any reason, including
but not limited to:
 (a) Attempts to gain unauthorized access to the Site or the account of another member, or
provide assistance to others who attempt to do so;
 (b) Affect or attempt to affect security functionality that limit or protect any content
 (c) Use of the Platform to carry out illegal activities such as money launderin g, terrorist
financing or other criminal activities
 (d) Do not provide information or data to be required by the Platform or cashiers, or
provide false information or data;
 (e) Provide information or false information, or provide them, when requested by t he
Platform in relation to the Member and transactions made through the Platform;
 (f) Violation of these Terms;
 (g) Non-payment or fraudulent payment for any transaction;
 (h) Unexpected operational difficulties; and,
 (i) Orders by agencies of law enforcem ent or other government agencies.

W e also reserves the right to log off accounts that have not been confirmed or accounts
that have been inactive for periods of six (6) months or more, or to modify or discontinue
the Site or the Services. You agree that w e are not liable to you or third parties for the
suspension of your account or access to the Site.
The suspension of an account has consequences for the future and should not affect the
payment due for past transactions. Therefore, even though an account has been suspended
for any reason, under these terms, you must still pay the orders that have been previously
executed prior to the suspension date.
In the event of termination of your account, you need to provide AirTM with a valid bank
account to allow us transfer the funds available in your account. Such bank account must
belong to you and must be located in the same country in which the funds originated. (And
in case where the funds originate from several countries, transfers will only be permitted to
a valid bank account from which originated the majority of funds).
The site will use reasonable effort to transfer the funds in legal tender as soon as possible
after receiving such a request, however, all fees and tariffs by intervening banks between
the paying bank and the payee bank shall be deducted from the funds to be transferred.
W e may also send funds from a closed account using the bank account information provided
and associated with that account as of the date of its closure.
5. Release, Disclaimers, Limitations on Liability
5.1 Release. By using the Site or Services, you agree that any legal remedy or liability that
you seek to obtain for actions or omissions of other users will be limited to a claim against
the particular user or users who cause d you harm. You agree not to attempt to impose
liability on, or seek any legal remedy from AirTM. You release AirTM from any and all
claims, demands, damages (actual, consequential, nominal, punitive, or otherwise),
equitable relief, and any other legal, e quitable, and administrative remedy, of every kind
and nature, whether known or unknown, suspected or unsuspected, disclosed or
undisclosed, past, present, or future, arising out of or in any way connected with your
communication or interaction with other users on the Site.
5.2 Disclaimer. THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE." AIRTM
DISCLAIMS ALL REPRESENTATIONS AND W ARRANTIES, EXPRESS, IMPLIED, OR
STATUTORY, NOT EXPRESSLY SET OUT IN THESE TERMS, INCLUDING THE IMPLIED
W ARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND
NON-INFRINGEMENT. IN ADDITION, AIRTM MAKES NO REPRESENTATION,
W ARRANTY, OR GUARANTEE REGARDING THE RELIABILITY, TIMELINESS, QUALITY,
SUITABILITY, OR AVAILABILITY OF THE SERVICES, OR THAT THE SERVICES W ILL BE
UNINTERRUPTED OR ERROR -FREE. AIRTM DOES NOT GUARANTEE THE QUALITY,
SUITABILITY, SAFETY OR ABILITY OF THIRD PARTY PROVIDERS. YOU AGREE THAT
THE ENTIRE RISK ARISING OUT OF YOUR USE OF THE SERVICES REMAINS SOLELY
W ITH YOU, TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW .
5.3 Limitation on Liability. AIRTM SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL,
SPECIAL, EXEMPLARY, PUNITIVE, OR CONSEQUENTIAL DAMAGES, INCLUDING LOST
PROFITS, LOST DATA, PERSONAL INJURY, OR PROPERTY DAMAGE RELATED TO, IN
CONNECTION W ITH, OR OTHERW ISE RESULTING FROM ANY USE OF THE SERVICES,
EVEN IF AIRTM HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. AIRTM
SHALL NOT BE LIABLE FOR ANY DAMAGES, LIABILITY OR LOSSES ARISING OUT OF:
(i) YOUR USE OF OR RELIANCE ON THE SERVICES OR YOUR INABI LITY TO ACCESS
OR USE THE SERVICES; OR (ii) ANY TRANSACTION OR RELATIONSHIP BETW EEN YOU
AND ANY THIRD PARTY PROVIDER, EVEN IF AIRTM HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES. AIRTM SHALL NOT BE LIABLE FOR DELAY OR
FAILURE IN PERFORMANCE RESULTING FROM CAUSES BEYOND AIRTM'S
REASONABLE CONTROL. YOU ACKNOW LEDGE THAT THIRD PARTY VIRTUAL
CURRENCY SERVICE PROVIDERS PROVIDING VIRTUAL CURRENCY SERVICES MAY
NOT BE PROFESSIONALLY LICENSED OR PERMITTED. IN NO EVENT SHALL AIRTM'S
TOTAL LIABILITY TO YOU IN CON NECTION W ITH THE SERVICES FOR ALL DAMAGES,
LOSSES AND CAUSES OF ACTION EXCEED YOUR DIRECT AND ACTUAL DAMAGES.
AIRTM'S SERVICES MAY BE USED BY YOU TO SEND VIRTUAL CURRENCY THROUGH
THIRD PARTY PROVIDERS, BUT YOU AGREE THAT AIRTM HAS NO RESPONSIBILITY
OR LIABILITY TO YOU RELATED TO ANY VIRTUAL CURRENCY SERVICES PROVIDED
TO YOU BY THIRD PARTY PROVIDERS OTHER THAN AS EXPRESSLY SET FORTH IN
THESE TERMS. THE LIMITATIONS AND DISCLAIMER IN THIS SECTION 4.3 DO NOT
PURPORT TO LIMIT LIABILITY OR ALTER YOUR RIGHTS AS A CONSUMER THAT
CANNOT BE EXCLUDED UNDER APPLICABLE LAW .
6. Indemnity
You shall indemnify and hold us (and each of our officers, directors, and employees)
harmless from any third -party claim, demand, action, damage, loss, cost or expense,
including without limitation reasonable attorneys' fees, arising out or relating to your use
of our Services or alleging facts or circumstances that, if true, could constitute your breach
of any of these Terms. W e will control any such defense and related settlement and you
will reasonably assist us therewith at your expense.
7. Dispute Resolution
7.1 Mediation. Pursuant to any dispute relating to your use of the Services, AirTM will
initially conduct its own investigation. You agree to cooperate reasonably with AirTM's
investigation, provide information as requested and, if it is reasonably determined by AirTM
that amounts are owed by you due to error, fraud or otherwise, you agree to make payment
to AirTM in accordance with AirTM's determination within fifteen (15) days . In the event that
AirTM determines that amounts are owed to you, AirTM agrees to make payment to you of
such amounts within fifteen (15) days.
7.2 Arbitration. In addition to Mediation, each Party shall have the right to have any
dispute arising between the parties pursuant to or related to this Agreement be settled by
means of arbitration. The arbitrator, and not any federal, state, or local court or agency,
shall have exclusive authority to resolve any dispute arising out of or relating to the
interpretation, applicability, enforceability or formation of this Agreement including, but not
limited to, any claim that all or any part of the requirement to arbitrate is void or voidable.
Arbitration must proceed only with and under this arbitration clause and the applicable
International Chamber of Commerce’s (ICC) Rules, but the rules in this arbitration clause
will be followed if there is disagreement between them and ICC’s procedures. If ICC's rules
or procedures change after the claim is filed, the procedu res in effect when the claim was
filed will apply. For a copy of ICC’s rules and procedures, to file a claim or for other
information, please see http://www.iccwbo.org. If ICC is completely unavailable, and if you
and we cannot agree on a substitute, then e ither you or we may request that a court appoint
a substitute arbitrator. Unless you and AirTM otherwise agree, the arbitration will be
conducted in the county where you reside. If your claim does not exceed $10,000, then the
arbitration will be conducted solely on the basis of documents you and AirTM submit to the
arbitrator, unless you request a hearing or the arbitrator determines that a hearing is
necessary. If your claim exceeds $10,000, your right to a hearing will be determined by the
ICC Rules. Subject to the ICC Rules, the arbitrator will have the discretion to direct a
reasonable exchange of information by the parties, consistent with the expedited nature of
the arbitration. Notwithstanding the provisions of the modification -related provisions
above, if AirTM changes this "Dispute Resolution" section after the date you first accepted
these Terms (or accepted any subsequent changes to these Terms), you may reject any
such change by providing AirTM written notice of such rejection by mail or hand del ivery
to: AirTM Inc., Attn: Dispute Resolutions, 8 The Green, Suite A, Dover, DE 19901, or by
email from the email address associated with your Account to terms@airtm.io : , within 30
days of the date such change became effective, as indicated in the "Last update" date
above. In order to be effective, the notice must include your full name and clearly indicate
your intent to reject changes to this "Dispute Resolution" section. By rejecting changes,
you are agreeing that you will arbitrate any Dispute between you and AirTM in accordance
with the provisions of this "Dispute Resolution" section as of the date you first accepted
these Terms (or accepted any subsequent changes to these Terms).
8. Miscellaneous
These Terms are governed by and construed in accordance with English law, without giving
effect to any conflict of law principles.These Terms contain the entire agreement, and
supersede all prior and contemporaneous understandings between the parties. Our failure
or delay in exercising any right, power or privilege under these Terms shall not operate as
a waiver thereof. The invalidity or unenforceability of any of these Terms shall not affect
the validity or enforceability of any other of these Terms, all of which shall r emain in full
force and effect. W e may assign our rights and delegate our obligations under these Terms
in whole or part to a third party. Your continued use of this Site and registration to use our
Services is contingent upon your agreement to be bound by the foregoing Terms of Use.