Terms of Service

Please be sure to read this Terms (hereinafter: the Terms and Conditions) carefully! This Terms and Conditions is a contract between users (hereinafter referred to "you") and LEMFT.com (hereinafter referred to "LEMFT", "we", "our" or "us"). LEMFT works with licensed operators in each country where it operates.

These Terms and Conditions explains LEMFT's service guidelines for providing services and confirms the rights and obligations of users while using the Services. When deciding whether to use our services, please be sure to read this the Terms and Conditions carefully and ensure that you understand the relevant terms and conditions. You are solely responsible for understanding and complying with any and all laws, rules and regulations relating to the use of LEMFT Services in your jurisdiction. Once all transactions are completed, it is impossible to be revoked or reversed, you must make your trading decisions carefully.

1. PREAMBLE

1. You understand that LEMFT is only a platform which provides payment services. Our website does not participate in any of your transactions. LEMFT is not a bank nor investment organization. Your account balance will not generate any interest nor income. LEMFT does not have any control over the products or third parties that use LEMFT to make payments, so you should be cautious to judge the authenticity, legality and validity of the relevant monetary assets and / or information and bear the responsibility and loss arising therefrom.
2. LEMFT will take reasonable steps to ensure the accuracy and timeliness of the information on the website, but it cannot guarantee that the information is completely accurate and up to date. LEMFT does not make any commitment to the accuracy, completeness and authenticity of the information on the website, nor will it bear any loss caused directly or indirectly by the information on this website or by delays, failures and omissions in the event of failure to link to the Internet, transmit or receive any notices or messages. LEMFT website and all information and materials in it are provided to you as it is, without any other expressions or implications.
3. There are also risks associated with trading systems by using the Internet, including but not limited to software, hardware and Internet link failures. Since LEMFT cannot control the reliability and availability of the Internet, LEMFT will not bear any responsibility for distortion, delays and link failures.
4. https://www.LEMFT.com is the only information issuing platform for LEMFT's services.
5. It is prohibited to use LEMFT services for any illegal trading activities or illegal acts such as money laundering, smuggling, commercial bribery, illegal financing etc. If any illegal transactions or illegal acts are found or there is evidence that such incidents are likely to occur in the future, we will adopt various acts, including but not limited to freezing accounts, notifying the relevant authorities etc. LEMFT does not assume any responsibility arising therefrom and reserves the right to pursue liability with the relevant parties.
6. It is forbidden to use LEMFT services to conduct malicious manipulation of market, improper transactions and other unethical trading activities. If such events are found or there is evidence that such incidents are highly probable to occur in the future, LEMFT will warn, restrict those transactions, and shut down all unethical behaviors accounts as appropriate protective and precaution measures. LEMFT does not assume any responsibility arising from the preventive protection measures and reserves the right to pursue the responsibility of the relevant parties.
7. If you have account balance, LEMFT will deposit your funds into an account which is separate from LEMFT's company account and LEMFT will not use your funds for operating any other company business. In the event of bankruptcy, LEMFT will not provide your funds actively to its creditors.
8. If (a) you violate this Terms and Conditions or any other agreements between you and LEMFT, or (b) an incident of misappropriation, fraud, hacking, etc. which we believe may be harmful to LEMFT and to the security of the user's account, we may unilaterally terminate, suspend or limit your access to the account or LEMFT services and/or limit your use of funds.
9. Contact Us: You may contact us by email to contact@lemft.com. All communications relating to the Terms and Conditions and LEMFT Service, whether in oral or in writing, may be conducted in English.

2. DEFINITIONS

1. "Applicable Law(s)" means any law, regulation or general accepted industrial practices or guidelines in any jurisdictions applicable to your user of the Services, which shall include laws governing payment services, anti-money laundering or terrorist financing requirements, and those related to unlawful sale or purchase of good or services, export/import activity and taxation.
2. "Applicant"means either an individual willing to create an Account and submitting the registration application via the System.
3. "Authorization Details"means a combination of the Login and Password.
4. "Authorization"means the process of authenticating a person by the Login and Password.
5. "Chargeback" means the procedure of cancelling a bank card payment initiated by the cardholder through their bank.
6. "Contact Details" means email address and mobile number entered by a Customer into the System.
7. "Customer" means an individual being an Account holder, who has completed the Registration and has a right to use the System in accordance with the Terms and Conditions and Internal Policies.
8. "Fees" means remuneration charged by LEMFT for the Services provided to a Customer.
9. "Funds" means electronic money that is owned by a Customer and accounted for as funds in this Customer's Wallet.
10. "Internal Policies"means LEMFT's internal documents that govern operation of the System, including the AML Policy, Privacy Policy, etc. published on the Website.
11. "LEMFT Account" means the customer account that LEMFT sets up for you allowing you to use the Services.
12. "Payer" means the party to or via which you sell products or provide services and from which you collects payments using LEMFT Services.
13. "Payment Order" means an instruction requesting the execution of a Transaction given by a Customer in an electronic form through the System.
14. "Payment" means Funds accounted for as funds in a Wallet and transferred from a Customer to a third party or from a third party to a Customer.
15. "Privacy Policy" means the privacy policy we execute to collect, use, retain, disclose and safeguard the personal information you provide to us, including LEMFT Privacy Policy and its later versions.
16. "Prohibited Activities" means activities characterized by one or more of the following qualities: constitute criminal offense in a Customer's country ofresidence; are connected with sales of goods, works or services distribution (GWS) prohibited for sale in a Customer's country of residence; are prohibited under the applicable laws; are connected with sales of any GWS (any and all transactions) referred to in Appendix 1 to the Terms and Conditions; contradict the accepted universal standards of ethics and morality.
17. "Sanctioned Party" means (a) a party that any one or more of the United Kingdom, the European Union, the United States, Hong Kong or the United Nations has listed as a target or subject of sanctions; or (b) a party which is 50% or more owned (separately or in aggregate) by, or otherwise controlled by, any of the foregoing.
18. "Services" means the global payment solutions provided by LEMFT, including but not limited to global collection service and international payment service.
19. "Service Provider" means any third party service provider used by LEMFT in the course of supplying the Services to you, including but not limited to banks, payment service providers, clearing networks and other third parties providing payment processing services.
20. "System" means the order processing system that we provide to you, including but not limited to browser system or mobile application.
21. "Website" means LEMFT's website of www.lemft.com and other forms of presentation, including but not limited to mobile websites or mobile applications.

3. GENERAL PROVISIONS

1. The Terms and Conditions consists of the main body, Terms of Privacy Policy, Disclaimers and Anti-money-laundering Policy, as well as any rules, statements, instructions, etc. which this Website has published or may publish in the future.
2. Before using the services offered by this Website, you shall read this Terms and Conditions carefully, and consult professionals if you have any doubt or as may be otherwise necessary. If you do not agree to the terms and conditions and/or any change made thereto from time to time and at any time, please immediately stop using the service provided by this Website or stop logging onto this Website. Upon your logging into this Website or using any service offered by this Website or engaging in any other similar activity, it shall be deemed as having understood and fully agreeing to all terms and conditions, including any and all changes, modifications or alterations that this Website may make to this Terms and Conditions from time to time and at any time.
3. After filling in the relevant information in accordance with the requirements of this Website, and going through other relevant procedures, you will successfully register yourself as a Customer of this Website (hereinafter referred to as "Customer"); in the process of registration, if you click on the "I Agree" button, it shall be deemed that you have reached an agreement with us by way of electronic signature; or when you use this Website, you click on the "I Agree" button or a similar button, or if you use the services offered by this Website in any of the ways allowed by this Website, it shall be deemed that you fully understand, agree to and accept all the terms and conditions, and in this case, the absence of your handwritten signature will not affect the legal binding force that the Terms and Conditions may have on you.
4. Only Customers of this website can use the Customer-only services provided by us, and non-Customers can only access the website, browse websites and other available services as specified in this website.

4. MODIFICATION

We reserve the right to modify these Terms and Conditions from time to time, and disclose such modification by way of announcement on the Website without sending a separate notice to you. The date when the modification is made will be indicated on the first page of the modified Terms and Conditions. The modified Terms and Conditions will take effect immediately upon announcement on the Website. You shall browse this Website from time to time and follow information on the time and content of modifications, if any, made to the Terms and Conditions. If you do not agree with the modifications, you shall stop using the services offered by this Website immediately; if you continue to use the services offered by this Website, it shall be deemed that you accept and agree to be bound by the modified Terms and Conditions.

5. REGISTRATION, VERIFICATION AND ACCEPTING TERMS AND CONDITIONS

1. The Applicant willing to create the Account shall complete the Registration: to fill out the registration forms on the Website, to provide the registration details and to accept these Terms and Conditions by clicking the "Register" button.
2. Once the Applicant accepts these Terms and Conditions, it shall be deemed a bilateral agreement of the Parties.
3. In order to open a LEMFT Account we require:
   1. Confirmation of your acceptance of the Terms and Conditions.
   2. Confirmation of your acceptance of our Privacy Policy and any other policy which may be included during the registration process.
   3. Your acceptance and cooperation in providing any information and/or documentation in connection with the performance of the Terms and Conditions. Such information or documentation includes but is not limited to, the certificate of incorporation of your entity, information of shareholders) and ultimate beneficial owners). You shall ensure such documentation and/or information is legal, complete, true and accurate.
   4. In order to register our account on behalf of a business or commercial entity, you must be legally authorized to agree to these Terms and Conditions under the entity's formation documents, as well as under applicable laws.
   5. You authorize LEMFT (directly or through a third party) to perform any queries that we believe are necessary to verify your identity. The information you need to provide varies depending on the type of account you register and the jurisdiction in which you are registered. When LEMFT believes that your account is at risk, we have the right to ask for more KYC information supplements.
   6. If the validity period of your ID card or enterprise related certificate expires, the system will automatically determine that your certificate is invalid. You need to re-submit valid ID information or enterprise related certificates and other necessary documents.
   7. We reserve the right to decline to open a LEMFT Account at any time and for any reason and are under no obligation to disclose the reasons.
   8. You authorize the individual registering a LEMFT Account in your name or otherwise designated by you in writing to act as your operator and carry out operations on your behalf in connection with the Services under these Terms and Conditions.
4. Contact Information
   You could use an e-mail address to sign up LEMFT Customer account. Besides, e-mail address is the major approach with which LEMFT will contact you. The e-mail address will not able to be altered after enrolling, thus you have to make a deliberate choice on which one to be used.
   You are responsible for your contact information to be correct and effective, so that LEMFT could get to you without unnecessary limitation. You understand and agree that if your failure to receive the electronic information sent by LEMFT is caused by the incorrect or expired e-mail address or the prevention of your e-mail service provider, or other reasons of your own, it should be deemed as that LEMFT has sent the information successfully and effectively.
5. If the data subject to clause 5.3. is not provided or proved to be unreliable, incomplete, outdated in full or in part, the Verification shall be deemed failed.
6. The Verification usually shall be performed within 24 hours after the Customer has provided the requested data. The Verification may exceed the period of 24 hours, in case we has a reasonable ground to perform the enhanced due diligence.
7. The Verification shall be deemed completed at the moment the Customer receives the confirmation from us via the email provided by the Customer. Once the Verification is completed, the Customer may use the full scope of the LEMFT Services available for the Verified Accounts.
8. The Customer shall notify us about any changes in the data provided for the Verification in a timely manner and provide up-to-date data as soon as reasonably possible.
9. We may ask the Customer at any time and at its discretion to confirm that the documents and data provided by the Customer are accurate, complete and up-to-date and/or to provide additional supporting documents and/or data. within 14 days.

6. ACCOUNT

1. Once the Applicant completes the Registration, the Account is created, and the Applicant becomes a Customer.
2. Funds can be kept in a Wallet for an indefinite period of time except for the cases provided for by Section 14 for the unclaimed funds, and no interest is charged or incurred for any Funds kept in a Wallet.
3. The Customer may create an Account only if this does not contradict to the provisions of the laws of the country of his permanent residence or Customer's registration. By creating the Account, the Customer declares and guarantees to the Administrator that opening of such an Account by the Customer does not violate any laws or regulations applicable to the Customer. The Customer shall compensate the LEMFT an amount of all losses incurred by LEMFT if the Customer violates provisions of this clause.
4. You must use your LEMFT account reasonably and properly without any acts mentioned in Clause 6.5.
5. Prohibited activities
   The following activities are prohibited in the process of using our website, your Account, Services, or interacting with other users or third parties:
   1. Breach this Terms and Conditions or any other agreement between you and LEMFT;
   2. Violate any law, statute, ordinance or regulation.
   3. Infringe LEMFT 's or any third party's copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy;
   4. Defame, discredit, threaten or harass our employees or other users;
   5. Provide false, inaccurate or misleading information;
   6. Engage in potentially fraudulent or suspicious activities and/or transactions;
   7. Refuse to cooperate with the investigation procedures including refusal to confirm the authenticity of the identity information or any other information you provide to us;
   8. Attempt to receive or attempt to receive funds from LEMFT, the seller, bank, card issuer and other third parties for the same transaction during the dispute procedure;
   9. Control an account that is linked to another account that is engaged in any of these restricted activities;
   10. Conduct your transactions or use the LEMFT services in a manner that results in or may result in complaints, arguments, compensation requests, chargebacks, extra fees, fines, penalties or other losses to LEMFT or third parties;
   11. Disclose or spread users' information to third parties, or use it for promotion without other LEMFT users' explicit consent;
   12. Send spam mails to other LEMFT users, or use LEMFT Services to receive payments for sending or assisting to send spam mails to third parties;
   13. Take any action that may impose a disproportionately large load on our infrastructure;
   14. Facilitate any viruses, Trojans, worms or other computer malware programs that may damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data or information;
   15. Use an anonymizing proxy;
   16. Use any robot, spider, other automatic device, or manual process to monitor or copy our websites without our prior written permission;
   17. Cause us to lose any of the services suppliers;
   18. Abuse any of our dispute resolutions, or our user rights.
6. Liabilities and consequences of improper use of Account You shall bear all losses of LEMFT, LEMFT users or third parties caused by your improper use of LEMFT services in violation of these Terms and Conditions. You understand and agree to indemnify LEMFT, LEMFT users or third parties for any such losses. We can take the following actions against the user's prohibited behavior: If we consider that you may participate in any restricted activities at our sole discretion, we can take various measures to avoid LEMFT and its affiliates, other users, other third parties, or yourself to bear any other losses. The actions we can take include but are not limited to the following:
   1. We can terminate, suspend or restrict your access to your account;
   2. We can refuse to provide LEMFT services to you immediately or in the future;
   3. If we believe that you may be engaged in potentially fraudulent or suspicious activities and / or transactions, we may freeze your funds or account for a reasonable period of time. No liability is assumed for any restrictions deemed necessary by LEMFT above.
7. Closing your Account
   LEMFT will not close any account by itself unless there are exemptions mentioned in these Terms and Conditions. You have the right to notify LEMFT that you want to close your Account at any time. After completing the verification of the applicant's identity and checking the compliance of the registered user's characteristics, the settlement of the system account and the removal of all personal data provided during user registration can be implemented. It is impossible to be invoked once the account is closed. And the email address is not able to be used to register LEMFT account again. Please consider your decision carefully before applying to close your account. All the transaction data will be cleared on the website when the account is closed, but you are still responsible for your historical transactions and we will reserve for 5 years or more due to compliance requirements. You must withdraw all the money in your account before closing it, or you have to declare waiving your account balance explicitly.

7. PAYMENT SERVICES

We provide payment services based on electronic wallet and other supplemental services.

1. Collection
   Collect payments from your clients using the wallet (s) provided by LEMFT, processing fees will be deducted accordingly.
   Any issues or disputes between you and Payer and not related to the LEMFT Wallet Services under these Terms and Conditions should be resolved directly by you and the relevant Payer. Any such issues or disputes are not the responsibility of LEMFT. You shall compensate LEMFT for any losses arising therefrom.
2. Global Payment
   Make payments with your balance to your suppliers using the wallet (s) provided by LEMFT, processing fees will be deducted accordingly.
   We reserve the right to reject partial or all payments at any time and for any reason, including but not limited to, compliance with anti-money laundering and counter-terrorist financing requirements and our internal policies. When we reject the payment and you enquire the reason, we may only disclose the reason for such rejection as permitted by our internal policies.
3. Other Services
   You may apply to use other products or services offered by LEMFT which you must be in agreement with additional terms and conditions associated with such products or services.

8. LEMFT CARD

1. The LEMFT Card is available in virtual form. The LEMFT Card is issued by third party ("Issuer"), not by LEMFT. In order to obtain the LEMFT Card, you may be asked to provide additional information in order for LEMFT and the Issuer to prevent money laundering, fraud and other risks. Your use of the LEMFT Card is also subject to a separate agreement between you and the Issuer (the "Cardholder Agreement"). You shall comply with the terms of the Cardholder Agreement. You consent to LEMFT obtaining and sending information concerning LEMFT Card to, from and among you, LEMFT and the Issuer.
2. LEMFT's role with respect to the LEMFT Card is to serve as a conduit of information to, from and among Customer, the Issuer and Administrator. Transactions made with the LEMFT Card will be listed on the Account. Certain other information about LEMFT Card may also be available on the Account, including the LEMFT Card balance and the transaction history.
3. As and when Customer uses LEMFT Card, Customer hereby authorizes Administrator to deduct the value of each such LEMFT Card transaction and any related fees or taxes, if any, from available wallet balance.
4. If Customer completes a LEMFT Card transaction in a foreign currency other than USD, Customer agrees that it will be charged a foreign transaction fee, as indicated in the Cardholder Agreement and /or the Website. All foreign currencies will be converted to USD.
5. Customer is liable for all transactions initiated using its LEMFT Card.
6. Without limitation, in the event that LEMFT becomes liable to the Issuer for any transaction or other liability arising from or related to Customer`s LEMFT Card, Customer shall indemnify and hold LEMFT harmless for such amounts.
7. The cancellation, suspension or freezing of LEMFT Card may take time to come into effect and Customer shall remain liable for transactions occurring on its LEMFT Card during such time. If the LEMFT Card is cancelled, suspended or frozen for any reason, the values loaded to LEMFT Card will be available in Account less any liabilities Customer may have to LEMFT or the Issuer.
8. Thе Customer may not use the LEMFT Card for any illegal purpose. LEMFT reserves the right to instruct the Issuer to suspend transactions on LEMFT Card, cancel, suspend or freeze your LEMFT Card or otherwise limit the size or type of transactions available through the LEMFT Card.

9. THE LIMITATIONS FOR TRANSACTIONS

In order to protect the safety of users' accounts and control the risk probably existing in law and credit, LEMFT might monitor your behaviors of transaction, and set up limitation for transaction amount, transactions times and frequency. You acknowledge and agree the supervision and limitation set up by LEMFT. If the below situation happens like: (a) violate these Terms and Conditions or other agreements between you and LEMFT or (b) Account and funds theft, frauds, hacker attack and other events we considered possibly harmful to LEMFT and the safety of users, we may unilaterally stop, suspend or limit your access to LEMFT account or LEMFT service and/or limit your use of funds. You acknowledge, LEMFT can set up any necessary limitation for your account without any notice. Under such a situation, LEMFT would not assume any responsibility for this limitation.

10. THE ADJUSTMENT OF ACCOUNT BALANCE

In general, any adjustments we make to your LEMFT account required your consent or made under your instructions. However, the following situations are exemptions:

1. If you are in default on the funds of LEMFT, LEMFT has the right to deduct the money from your account for any fund you defaulted.
2. If the balance of your account is not enough for your processing transaction, LEMFT has the right to deduct the money you deposit or receive later for compensating the debt.
3. If you have more than one type of currency in your account, and one of the currencies become negative due to some reasons, LEMFT has the right to use another type of currency in your account to compensate the debt.
4. If your account has other linked accounts, LEMFT has the right to use any balances held in other linked accounts to offset the outstanding balance in your account.
5. We will correct any errors we find. If the error causes you to receive money less than the correct amount, LEMFT will make up the difference for your account. If the error causes you to receive money more than you deserve, LEMFT will deduct excess funds from your account.

11. FEES

1. All fees which may be charged by us are disclosed in your LEMFT Account. You agree that we may, at our sole discretion, make reasonable adjustments to the fees and display them in your LEMFT Account. If you do not accept the adjusted fees, you may terminate the LEMFT Services. Your continued use of the Services constitutes your acceptance of the adjusted fees.
2. You hereby authorize us to charge fees for a particular transaction from the LEMFT services you used to pay or collect. Any fees paid by you may be viewed at all times through your LEMFT Service Account.
3. The System Services provided to the Customer by the LEMFT are not subject to VAT or any other turnover taxes.
4. We may from time to time offer special offers or promotions to you, such as coupons. The availability and applicability of any such promotions is at the sole discretion of us.
5. If you have any questions regarding any fees charged in connection with LEMFT Services, please contact LEMFT Relationship Manager.

12. USER INFORMATION AND SECURITY

For the relevant terms of user information collection, use, storage and information security, please refer to the relevant provisions of the "Privacy Policy" of this website.

13. INTELLECTUAL PROPERTY

1. "lemft.com", "LEMFT", "LEMFT Wallet" and all logos related to LEMFT services are either trademarks or registered trademarks of LEMFT or LEMFT's licensors. You are not allowed to copy, imitate, modify or use them without LEMFT's prior written consent.
2. All page headers, custom graphics, button icons, and scripts are service marks, trademarks, and/or trade dress of LEMFT. You are not allowed to copy, imitate, modify or use them without prior written consent.
3. You may use HTML logos provided by LEMFT for the purpose of directing web traffic to the LEMFT services. You are not allowed to alter, modify or change these HTML logos in any way, and use them in a manner that is disparaging to LEMFT services or display them in any manner that implies LEMFT's sponsorship or endorsement.
4. If you are using LEMFT software such an API or other software application that you have downloaded, LEMFT grants you a revocable, non-exclusive, non-sub licensable, non-transferable, royalty-free limited license to use LEMFT's software in With the documentation of the software and all updates, upgrades, new versions and replacement software. You are not allow to rent, lease or otherwise transfer you rights in the software to the third party.
5. You must comply with the implementation and user requirements contained in all LEMFT documentation about LEMFT services. If you do not comply with LEMFT's implementation and user requirements, you will be liable for all damages posed on you, LEMFT and third parties. You agree that not to alter, copy, revise, distribute, display, publish, reverse engineer, translate, disassemble, decompile or otherwise attempt to create any source code that is derived from these software. You acknowledge that all rights, titles and interests to LEMFT software are owned by LEMFT. Any third party software application you use on the LEMFT websites is subject to the license you agreed to with the third party that provides you with this software. Does not own, control nor have any responsibility or liability for any third party software application you elect to use on the LEMFT websites and/or in connection with the LEMFT services.

14. DISPUTE SOLUTIONS

1. If a dispute arises between you and LEMFT, We will learn about and address your concerns. If our solution is not satisfactory for you, we would provide you with a neutral and cost effective means to resolve the dispute quickly. Disputes between you and LEMFT regarding the LEMFT services may be reported to customer service online through the LEMFT website at any time, or by emails to contact@lemft.com.
2. You agree that any and all disputes or claims that all arise between you and LEMFT, shall be resolved exclusively through final and binding arbitration, rather than in court. These Terms and Conditions to arbitrate is intended to be broadly interpreted. You and LEMFT agree that each of us may bring claims against the other to any arbitration of Arbitration institution could be executed by any court having corresponding judicial jurisdiction.
3. If you have disputes with other LEMFT customers, please resolve it by yourself. We will assist you in resolving disputes. LEMFT will not participate or be biased towards one party. LEMFT only provides payment channels and will not be responsible for your behavior or loss.

15. BANKRUPTCY PROCEDURE

If any proceeding by or against you is commenced under any provision of bankruptcy or insolvency law, we'll be entitled to recover all reasonable costs or expenses (Including reasonable attorneys' fees and expenses) incurred in connection with the enforcement of these Terms and Conditions.

16. LIABILITIES EXEMPTIONS

1. LEMFT only provides you with payment and related services. In any case, LEMFT is an independent service provider, not your agent or branch/affiliate. You understand and agree that under no circumstances will LEMFT be liable for the followings:
   1. Income loss;
   2. Trading profit or contract loss;
   3. Business interruption;
   4. Loss of currency expected to be saved;
   5. Information loss;
   6. Loss of opportunity, goodwill or reputation;
   7. Damage or loss of data;
   8. The cost of purchasing an alternative product or service;and
   9. Any indirect, special or incidental loss or damage arised from infringement (including negligence), breach of contract or any other reasons, no matter whether such loss or damage can be reasonably foreseen or we have been informed in advance that there is a possibility of such loss or damage.
2. If you have a dispute with one or more users, you agree that LEMFT and its affiliates (and their officers, directors, customer service representatives, joint ventures, employees and suppliers) are exempt from such disputes in any form or any and all (actual and indirect) compensation claims, claims and damages associated with it, regardless of its type and nature.
3. LEMFT has an independent and advanced program processing system, but you must know that any system must have a response time to send and receive request, during which time LEMFT is exempt from liability.
4. Due to information network equipment maintenance, information network connection failure, computer, communication or other system failure, power failure, weather, accident, strike, labor dispute, riot, uprising, riot, productivity or lack of production materials, fire , floods, storms, explosions, wars, bank or other partner reasons, digital asset market collapse, government actions, judicial or administrative orders, other actions that are not within LEMFT 's controllable scope, or third parties that LEMFT does not assume any responsibility for the inability to service or delay the service but cause your loss.
5. LEMFT cannot guarantee that all information, programs and texts etc. contained in this website are completely safe and free from any malicious programs such as viruses and Trojans, so you may log in, using any service on this website or download and use any program downloaded from this website, information and data etc., are your personal decisions and bear the risks and possible losses.
6. LEMFT does not make any guarantees or promises to any information, products and services of any third-party websites linked to this website and any other forms of content that are not subject to LEMFT. If you use any services or information provided by third-party websites, the products are all determined by you and assume all responsibility arising therefrom.
7. You understand and agree that we are not liable for any damages and we are not compensating your loss resulting from any of the followings:
   1. We have reasonable proofs to believe that there may be material breaches or defaults in your specific transaction.
   2. We have reasonable proofs to believe that your actions on this website are suspected of being illegal or improper.
   3. Fees and losses arising from the purchase or acquisition of any data, information, transactions, or alternative actions through the services of this website.
   4. Your misunderstanding of the services of this website.
   5. Any other loss related to the services provided on this website that are not caused by LEMFT.
   6. Any third party or offline payments outside LEMFT platform.
8. LEMFT does not waive any rights not covered in these Terms and Conditions to limit, waive or offset LEMFT 's fullest liability of law for damages.
9. Upon your registration, you acknowledge that LEMFT will perform any operations in accordance with the rules set forth in these Terms and Conditions and that any risks arising therefrom shall be borne by you.

17. GENERAL REPRESENTATION AND WARRANTY

1. You represent and warrant that (i) your use of the LEMFT Services will be in strict accordance with these Terms and Conditions, our Privacy Policy, and all applicable laws and regulations (including all Applicable Laws regarding the transmission of technical data exported from the country of which you are a citizen or in which you reside) and (ii) your use of the Services will not infringe or misappropLEMFTe the intellectual property rights of us or any third party.
2. You represent and warrant that all Funds transferred to our Designated Account is not associated with any illegal activity or tax issues and that you will be liable for any legal consequences resulting from your own violation of any Applicable Laws. We may be required by tax authorities to withhold the Funds we hold on your behalf, and we will not be liable for any losses incurred to you as a result.
3. You represent and warrant that, by registering to use LEMFT Services, you don't breach your agreement with the relevant third party.
4. You represent and warrant that:
   1. You do not have an direct/indirect financial or commercial relationship involving a sanctioned location (e.g. Iran, Syria, Cuba, North Korea, Belarus, Crimed and Sevastopol) or any sanctioned party;
   2. You do not have any business or financial activity or relationship involving the Russian energy, intelligence services sector or involving any financial product or services provided to Russian entities;
   3. You do not have an ownership interest in any asset that is located in a sanctioned location (including an entity that is incorporated or based there); and
   4. You do not have a shareholder or ultimate beneficial owner who is located in a sanctioned location (including an entity that is incorporated or based there, and an individual who holds the nationality of a sanctioned country or lives in a sanctioned location).
5. You represent and warrant that if there is any change in the information or documents you provide to us, including but not limited to an adjustment in your shareholding structure, any change to the certificate of incorporation of your entity or the expiration of aforesaid certificate, you shall inform us within thirty (30) days of such change and provide us with an updated document.
6. If you violate any obligation under these Terms and Conditions or any representations and warranties made by you, leading us to be accused or held liable by any government authority, judicial authority, etc., or suffer any loss, you shall indemnify us unconditionally for all the losses.

18. TERMINATION

1. LEMFT has authority to cancel your account according to these Terms and Conditions, these Terms and Conditions will end on the day your account get canceled.
2. LEMFT has authority to end the service of the website according to these Terms and Conditions, these Terms and Conditions will end on the day all of the service of our website canceled.
3. After these Terms and Conditions ends, you have no right to ask our website to continue to offer any service or other obligation, including but not limited to any information our website kept for you or exposed to you originally, and the message unsent or unread we delivered to you or the third party.
4. Notice. Where LEMFT exercises a right of suspension, we will give the customer notice of suspension where possible and the reasons for such suspension, either before the suspension is put in place, or immediately after, unless it would compromise LEMFT 's reasonable security measures or otherwise be unlawful.
5. On termination you will need to repay LEMFT any money you owe us.
6. If there is any inconsistency between the English version of these Terms and Conditions and the Chinese version, the English version shall prevail.

APPENDIX 1 TO SYSTEM TERMS AND CONDITIONS

Goods, Works, and Services Prohibited for Sale via the System:

1. Weapons, arms, ammunition and defence products, guns, replicas of firearms or cold steel weapons.
2. Drugs, drug-like substances and plants (including marijuana/cannabis), as well as their ingredients, or any substances for their production, as well as descriptions of methods for producing such substances.
3. Medical drugs and medications dispensed on prescription only, as well as raw materials or instructions for their production.
4. State awards or distinguishing badges.
5. Identification documents and government issued documents (including falsified documents), and everything connected with creating or obtaining false identification documents or counterfeit government issued documents.
6. Government agencies' uniforms.
7. Specialty items related to the police and law enforcement agencies.
8. Electronic equipment prohibited for use in this country or region.
9. Devices used for hacking and tampering with locks.
10. Information containing personal data or data suitable for undertaking illegal activities (spam emails, etc.).
11. GWS or information containing state, banking, or trade secrets.
12. GWS whose sale violates any third parties' copyright and/or related rights, trademark rights, or patents.
13. Information that violates a person's privacy, infringing upon the honour, dignity and business reputation of individuals and legal entities.
14. Information transmitted exclusively virtually and not recorded on any material carrier (ideas, methods, principles, etc.).
15. Archaeological heritage items.
16. Precious metals.
17. Items or services that violate the norms of public morality (including, but not limited to, child pornography, Nazi memorabilia items, escort services, prostitution, and adult).
18. Any items with available initially but removed serial numbers.
19. Internet gambling.
20. Malicious software.
21. Goods or services directly or indirectly compelling illegal actions (promoting social, racial, religious, or ethnic strife; discrimination, violence, hatred, revenge, harassment; containing propaganda of terror or physical harm).
22. Perishable goods.
23. Fake or counterfeit goods.
24. Items and equipment intended for use (including illegal transfer) of copyright protected items without the permission of the authors (including, but not limited to, components designed to remove copyright protection or regional restrictions, or software elements of electronic devices).
25. Dangerous goods (including, but not limited to, those that contain explosive, toxic, poisonous, and/or radioactive materials).
26. Information about the production of explosive, pyrotechnic, incendiary, and other similar substances and devices.
27. Human organs and human remains.
28. Goods or services that have no value in use.
29. Services of auctions or trading systems that allow carrying out activities excluding transfer of GWS that have value in use.
30. Financial or payment instruments whose accounting systems do not ensure proper identification of the owner for the purpose of combating illegal trade, financial fraud, and money laundering of funds obtained by illegal means.
31. Asset management and investment services provided by unlicensed businesses, as well as any intermediary activity that facilitates the transfer of funds between the parties entering into a transaction forbidden herein.
32. Items of artistic and historical value that constitute a country's cultural values.
33. Services of organizers and operators of lotteries, betting, casinos and any other types of gambling.
34. Services of advertising (promoting) goods, works and services specified in items 1-33 of this list.