Treasury Token Terms

Treasury Tokens are an ERC-20 compatible digital token issued by us. We also operate the Liquid Treasury Program, liquidtreasury.co. The Liquid Treasury Program enables institutions to instantly earn competitive yields on stablecoin holdings. Approved users who deposit stablecoins into the Liquid Treasury Program receive Treasury Tokens as evidence of their deposit.

Each Treasury Token is fully backed at all times by an equivalent amount of dollar-denominated assets held by Uniform Treasury, specifically in one of the supported reserve assets listed below (the “Reserve Assets”). The composition of the Liquid Treasury Program reserve portfolio may change on a daily basis as a result of deposits, redemptions, and portfolio management. We make no representation that the Liquid Treasury Program portfolio will contain any particular Reserve Asset or mix of Reserve Assets. Treasury Tokens are not designed to intrinsically create returns or increase in value or otherwise accrue financial benefit to the holder.

In order to withdraw from the Liquid Treasury Program, approved participants must redeem Treasury Tokens. As set forth below, only approved participants in the Liquid Treasury Program may redeem Treasury Tokens for their underlying dollar-denominated collateral up to the amount of their original investment.

The following assets are currently approved as Reserve Assets for the Liquid Treasury Program:

Tokenized Money Market Funds

• WTGXX: WisdomTree Government Money Market Digital Fund
• JTRSY: Anemoy Liquid Treasury Fund

Stablecoins

• USDC: USD Coin (Circle)

This list may be updated from time to time at our discretion.

Approved participants in the Liquid Treasury Program (“Depositors”) enter into a Note Purchase and Token Agreement in order to deposit into Liquid Treasury. Only Depositors who have signed a Note Purchase and Token Agreement and have otherwise been approved by us can participate in the Liquid Treasury Program, and Depositors’ participation in the Liquid Treasury Program remains subject to the terms of the Note Purchase and Token Agreement and other program requirements.

When making a deposit, Depositors enter into a non-transferable and non-assignable loan with Liquid Treasury (the “Note”). As evidence of their deposit, Depositors also receive Treasury Tokens in the amount of their deposit. Only approved Depositors can mint Treasury Tokens by making a deposit into Liquid Treasury and entering into a Note. Treasury Tokens do not themselves accrue yield, interest, or any other return; interest accrues solely on the Note and is payable only upon redemption.

In order to redeem their Notes, Depositors must burn an amount of Treasury Tokens in the amount of the requested redemption. Only Depositors may redeem or burn Treasury Tokens. If you acquire Treasury Tokens on the secondary market, you will not be able to redeem them to us unless and until you independently establish an approved lending relationship with Uniform Treasury and complete all applicable onboarding requirements into the Liquid Treasury Program, and then only in the amount of your deposits.

Uniform Treasury maintains Reserve Assets equivalent in value to one U.S. Dollar ($1) for each Treasury Token that is issued and remains in circulation. Treasury Tokens function as evidence of the holder's claim of principal on Uniform Treasury; they do not themselves represent a direct ownership interest in the Reserve Assets. A Depositor's ability to redeem one U.S. Dollar for each Treasury Token is conditional on (i) the Depositor's possession of a corresponding amount of Treasury Tokens, (ii) no violation of these Terms or the Note Purchase and Token Agreement, and (iii) no action, pending or otherwise, by a regulator, law enforcement, or a court of competent jurisdiction that would restrict redemption.

You represent and warrant that you are at least the age of majority in your jurisdiction and are legally capable of entering into a binding contract. If you interact with Treasury Tokens on behalf of an entity, you represent and warrant that you have authority to bind that entity to these Terms, and references to you shall include that entity. Your acceptance of these Terms occurs by any use or interaction with Treasury Tokens and persists for each subsequent access. We may update, amend, or modify these Terms at any time. When we do so, we will post the revised version with an updated Last Updated date. Unless a different effective date is indicated, changes take effect upon posting. Your continued use after any update constitutes acceptance of the revised Terms. If you do not agree to any update, you must immediately stop using, holding, or interacting with Treasury Tokens.

You represent and warrant that you are not located in, organized in, or a resident of any jurisdiction subject to comprehensive United States sanctions, and that you are not identified on, or owned or controlled by any person identified on, any applicable sanctions or restricted party list, including (i) the Specially Designated Nationals and Blocked Persons (“SDN”) List and Non-SDN Consolidated Sanctions List published by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”); (ii) any Section 311 Special Measures list published by the Financial Crimes Enforcement Network (“FinCEN”); and (iii) lists maintained by the United Kingdom, European Union, or United Nations.

You will not use the Services for or on behalf of any restricted party or to evade sanctions or export control laws. Where legally permissible, we may employ geoblocking, IP-based controls, wallet-screening, or other measures to restrict or terminate access in order to comply with law or our risk policies. We may suspend or terminate access without notice where we believe, in our discretion, that your use violates these Terms, applicable law, or our compliance controls.

You agree not to use the Services in any manner that violates law, infringes third-party rights, or undermines the security or integrity of any system. Prohibited conduct includes using the Services for money laundering, terrorist financing, fraud, or sanctions evasion; abusing the offering, its design or timing or frequency of subscriptions or redemptions for purposes of arbitrage or to create financial loss to the offering; engaging in or facilitating market manipulation, spoofing, wash trading, layering, front-running, pump-and-dump schemes, or deceptive practices; disseminating malware, attempting to gain unauthorized access, probing or testing vulnerabilities, or interfering with the operation of the Services or any network; misrepresenting your identity, authority, or affiliation; violating third-party terms governing any wallet, exchange, node, oracle, or other integration surfaced through the Services; initiating, receiving, or facilitating any transaction involving a digital asset wallet address that has been blocked or frozen by a stablecoin issuer, designated on any applicable sanctions list, or identified as associated with illicit activity by any governmental authority or blockchain analytics provider; and circumventing geoblocking, IP-based restrictions, or other risk controls. We may investigate suspected violations and may restrict, suspend, or terminate access where we determine a violation has occurred.

Using Treasury Tokens for transactions related to the following is prohibited, and we reserve the right to monitor and, if appropriate, block or otherwise prevent transactions that relate to:

• any restricted persons;
• weapons of any kind in contravention of applicable laws, including but not limited to, as applicable, firearms, ammunition, knives, explosives, or related accessories;
• controlled substances, including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
• gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
• money-laundering or terrorist financing;
• any sort of Ponzi scheme, pyramid scheme, or multi-level marketing program;
• goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction;
• credit repair services, or other services that may present consumer protection risks;
• court ordered payments, structured settlements, tax payments, or tax settlements;
• any unlicensed money transmitter activity;
• layaway systems, or annuities;
• counterfeit goods, including but not limited to fake or “novelty” IDs;
• wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit;
• purchasing goods of any type from “Darknet” markets, or any other service or website that acts as a marketplace for illegal goods (even though such marketplace might also sell legal goods); or
• any other matters, goods, or services that from time to time we communicate to you that are unacceptable and which, for example, may be restricted by our and your bank or payment partners (such transactions, “Prohibited Transactions”).

In the event that we learn you are making any such Prohibited Transactions, we will consider it to be a violation of these Terms.

The following list of risks associated with Treasury Tokens and the Services is not exhaustive.

No Insurance or Guarantee

You acknowledge that no deposit insurance, investor protection scheme, or similar product applies to the Treasury Tokens, and that you bear the risk of loss for all activity you conduct.

Treasury Tokens are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (“FDIC”), the Securities Investor Protection Corporation (“SIPC”), or any other governmental or private deposit insurance program. You bear the full risk of loss on any stablecoin or other digital asset holding.

Treasury Tokens are not legal tender, are not monetary instruments, are not money, and are not backed, guaranteed, or insured by any government, central bank, or governmental authority. The Treasury Tokens do not constitute a claim on, or obligation of, Uniform Labs, Inc. or any of its affiliates. The classification and legal treatment of the Treasury Tokens may vary by jurisdiction and may be subject to change as regulatory frameworks, including the GENIUS Act and its implementing regulations, continue to evolve.

Wallets, Keys, and Security Responsibilities

In order to interact with Treasury Tokens, you may be required to utilize a compatible, self-custodied wallet to submit on-chain instructions. You are solely responsible for maintaining the security of your wallet, devices, private keys, seed phrases, and recovery mechanisms, and for configuring appropriate access controls. We do not create, hold, manage, or recover private keys and cannot assist you in restoring access to your wallet. You are responsible for all activity that occurs using your wallet, including any unauthorized access or transactions. On-chain transactions are typically irreversible when recorded by the network. You understand that loss or compromise of private keys, seed phrases, or devices may result in permanent loss of digital assets.

Third-Party Protocols and Integrations

The Services may reference, integrate, or rely on third-party software, decentralized protocols, DEXs, liquidity pools, oracles, data providers, wallets, indexers, RPC or node providers, and other infrastructure or services. We do not control or operate these third parties and are not responsible for their actions, omissions, terms, privacy practices, availability, security, accuracy, or performance. Your use of any third-party technology, site, or service is at your own risk and is subject to the applicable third-party terms and privacy policies. You bear all risk of loss arising from your interactions with third parties and acknowledge that third-party services may be modified, suspended, or discontinued without notice.

Transactions Not Reversible

Treasury Token transactions are not reversible. Once you send Treasury Tokens to an address, you accept the risk that you may lose access to, and any claim on, those Treasury Tokens indefinitely or permanently. For example, (i) an address may have been entered incorrectly and the true owner of the address may never be discovered, (ii) you may not have (or subsequently lose) the private key associated with such address, (iii) an address may belong to an entity that will not return the Treasury Tokens, (iv) an address belongs to an entity that may return the Treasury Tokens but first requires action on your part, such as verification of your identity. For the avoidance of doubt, nothing in these Terms is intended to obligate Uniform Treasury to track, verify or determine the provenance of Treasury Token balances for holders, including any form of security interests claimed thereon.

Uniform Treasury does not have the ability to reverse or recall any transaction once initiated. You bear all responsibility for any losses that might be incurred as a result of sending Treasury Tokens to an incorrect or unintended address.

Market Risks

Digital assets are highly volatile and speculative. Prices can move rapidly and may result in total loss. Markets may be illiquid, fragmented, or subject to manipulation risks. Technology and network conditions may result in failed, delayed, or reordered transactions, slippage, or adverse pricing. You understand that there is no guarantee of best execution, best price, or any particular outcome when using the Services.

Blocked Addresses & Forfeited Funds

Uniform Treasury reserves the right to “block” certain Treasury Token wallet addresses and freeze associated Treasury Tokens (temporarily or permanently) that it determines, in its sole discretion, are associated with illegal activity or activity that otherwise violates these Terms (“Blocked Addresses”). In the event that you send Treasury Tokens to a Blocked Address, or receive Treasury Tokens from a Blocked Address, Uniform Treasury may freeze such Treasury Tokens and take steps to terminate your access to the Services. In certain circumstances, Uniform Treasury may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies, and you may forfeit any rights associated with your Treasury Tokens, including the ability to redeem Treasury Tokens. Uniform Treasury may also be required to freeze Treasury Tokens and/or surrender associated Reserve Assets in the event it receives a legal order from a valid government authority requiring it to do so.

Software protocols and operational challenges

You are aware of and accept the risk of operational challenges. Uniform Treasury may experience sophisticated cyber-attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions to the Services. You understand that the Services may experience operational issues that lead to delays, including delays in redeeming Treasury Tokens. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold Uniform Treasury accountable for any related losses.

Compliance

You are responsible for complying with applicable law. You agree that Uniform Treasury is not responsible for determining whether or which laws may apply to your transactions, including tax laws. You are solely responsible for reporting and paying any taxes arising from your use of the Services, including any accurate reporting of the tax or legal status of Treasury Tokens in your jurisdiction.

Legislative and regulatory changes

Legislative and regulatory changes or actions at the U.S. state, U.S. federal, or international level may adversely affect the issuance, use, transfer, redemption, and/or value of Treasury Tokens. Treasury Tokens are not intended to be, and should not be considered, a “payment stablecoin” as defined under the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the “GENIUS Act”) or any similar federal or state legislation. Uniform Treasury makes no representation that Treasury Tokens will comply with the requirements of the GENIUS Act or any implementing regulations, and holders should not rely on any future regulatory approval or compliance designation.

No deposit insurance

Treasury Tokens are not subject to deposit insurance protection, including, but not limited to, (i) where your country of residence is the United States, the Federal Deposit Insurance Corporation insurance or Securities Investor Protection Corporation protections; or (ii) where your country of residence is outside of the United States, the United Kingdom Financial Services Compensation Scheme or equivalent scheme in your country of residence.

Legal treatment of Treasury Token transfers

The regulatory status of Treasury Tokens and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to Treasury Tokens, blockchain technology, and their applications. Accordingly, it is not possible to determine whether a Treasury Token transfer would be recognized under applicable law by a court or regulator at the U.S. state, U.S. federal, or international level.

Technology Risks

You also acknowledge risks arising from smart contract vulnerabilities, bugs, exploits, network congestion, forks or protocol changes, validator or miner behavior, oracle failures, cyberattacks, phishing, malware, SIM swaps, and other operational hazards associated with digital assets and distributed networks. You also acknowledge that on-chain instructions are generally final when confirmed by the network, that transactions may fail or be delayed, and that forks or protocol changes may affect asset behavior or availability.

Forks, Upgrades, and Protocol Changes

Distributed networks may undergo changes to code, consensus, or governance that can affect the functioning or availability of assets and transactions, including the creation of forks or multiple versions of a network. We may, in our discretion, determine which network or version the Services support and may choose to support one, and only one, resulting network version, or to support none. We have no obligation to assist you with unsupported networks, assets, or versions.

Counterparty and Structural Risks.

Uniform Treasury is a special purpose vehicle (SPV) formed in part for the issuance of Treasury Tokens and maintenance of the Liquid Treasury Program. While it is wholly-owned by its parent company, Uniform Labs, Inc. (“Uniform Labs”), you acknowledge that the Uniform Treasury is a distinct legal entity from Uniform Labs and that the obligations of Uniform Treasury are limited to its own assets. Neither Uniform Labs nor any of its affiliates guarantees the obligations of Uniform Treasury or acts as a guarantor or surety for any Note, swap, or redemption obligation. You further acknowledge that Uniform Treasury' offshore subsidiary may hold certain assets in a non-U.S. jurisdiction and may be subject to foreign laws, regulations, tax regimes, and insolvency frameworks that differ materially from those applicable in the United States.

Issuer Freeze and Blocking Rights.

You acknowledge that stablecoin issuers have the unilateral right to freeze, block, burn, or reissue stablecoin balances at specific on-chain wallet addresses, including without prior notice to affected holders, in response to law enforcement requests, court orders, regulatory directives, sanctions compliance obligations, or the issuer's own risk and compliance determinations. We have no ability to prevent, reverse, or contest any such action taken by a stablecoin issuer.

You further acknowledge that the standards and circumstances under which different stablecoin issuers exercise freeze and blocking rights vary materially. Certain issuers have publicly committed to freezing individual holdings only upon receipt of a formal legal directive, such as a court order, subpoena, national security letter, or regulatory directive, and may provide commercially reasonable prior notice of aggregate freeze events. Other issuers reserve the right to freeze, block, or restrict wallet addresses in their sole and absolute discretion, including based on the issuer's own internal compliance determinations, suspicion of prohibited use, or association with illicit activity, and may do so without prior notice to the affected holder. In all cases, stablecoins that are frozen, blocked, or forfeited by an issuer may be permanently destroyed (burned) and rendered unrecoverable, and the associated fiat reserves may be forfeited to the issuer, a governmental authority, or another third party. You acknowledge that such destruction or forfeiture may be final and irreversible, and that neither Uniform Treasury nor any other party may be able to restore, replace, or compensate you for any stablecoins so affected. We make no representation regarding the standards, procedures, or notice requirements that any particular issuer applies in exercising its freeze or blocking rights.

You are responsible for all network fees associated with your on-chain activity. Third-party providers may impose separate fees for their services. Where the Services include an interface or routing function that carries a fee payable to us, we will disclose that fee within the interface or routing function at the time of use. Displayed fee or price calculations may be indicative and subject to change until final settlement on-chain. You are solely responsible for determining, reporting, and paying any taxes, duties, or similar assessments that may apply to your activities, holdings, or transactions.

You are solely responsible for all tax obligations arising from your use of the Services, including but not limited to income taxes, capital gains taxes, value-added taxes, and any other taxes, duties, or assessments that may apply to your transactions, holdings, or activities involving Treasury Tokens. Uniform Treasury does not provide tax advice and is not responsible for determining or reporting any tax obligations on your behalf.

The Services, including their interfaces, software, design, text, graphics, data, and other content, are owned by us or our licensors and are protected by applicable intellectual property laws. Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Services for your lawful personal or internal business purposes. You may not copy, modify, distribute, transmit, display, perform, create derivative works from, reverse engineer, decompile, disassemble, translate, scrape, harvest, or otherwise exploit the Services or any portion thereof, except as expressly permitted by these Terms or applicable law. If you submit feedback, ideas, or suggestions, you grant us a perpetual, irrevocable, worldwide, royalty-free license to use and exploit that feedback without restriction or compensation to you.

Our Privacy Policy explains how we collect, use, and share information about you. By using the Services, you consent to the collection and processing of information as described in the Privacy Policy. You consent to receive notices and communications electronically, including by posting within the Services or by email to the address associated with your interactions. You agree that electronic records and communications have the same force and effect as writings signed by hand, and that they are admissible in judicial or administrative proceedings to the same extent as other business records.

Parts of the Services may be released as beta or experimental features that are under active development and may change, break, or be removed without notice. We may modify, suspend, or discontinue any part of the Services at any time. Scheduled maintenance or emergency downtime may occur. We are not liable for any modification, suspension, discontinuation, or unavailability of the Services or any feature.

Without limiting the foregoing, we shall not be liable for any delay or failure in performance resulting from causes beyond our reasonable control, including but not limited to acts of God, natural disasters, epidemics or pandemics, fire, flood, earthquake, hurricane, or other severe weather events; war, terrorism, insurrection, riot, embargo, or civil disturbance; governmental actions, sanctions, orders, regulations, or restrictions; failure or disruption of the internet, telecommunications networks, power grids, or other critical infrastructure; failure, congestion, or disruption of the distributed ledger network on which the Services operate, consensus mechanism, or protocol; cyberattacks, ransomware, distributed denial-of-service attacks, hacking, or other malicious interference with computer systems or networks; smart contract vulnerabilities, bugs, or exploits; oracle failures or data-feed disruptions; failure or unavailability of third-party service providers, including node operators, RPC providers, wallet providers, stablecoin issuers, or TMMF providers; labor disputes, strikes, or work stoppages; and any other event or circumstance beyond our reasonable control, whether or not foreseeable. During any such event, our obligations under these Terms shall be suspended to the extent affected, and the time for performance shall be extended for a period equal to the duration of such event.

Your use of the Services is at your sole risk. The Services are provided on an as is and as available basis, without warranties of any kind, whether express, implied, or statutory. We disclaim all warranties of merchantability, fitness for a particular purpose, title, non-infringement, and any warranties arising from course of dealing or usage of trade. We do not warrant that the Services will be uninterrupted, timely, secure, or error-free, that any data or content will be accurate, complete, current, or reliable, or that defects will be corrected. We make no warranty regarding prices, quotes, routing, output amounts, execution, or the performance or availability of any third-party service or network.

To the maximum extent permitted by law, we shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, goodwill, data, opportunity, or use, arising out of or related to these Terms or your access to or use of the Services, whether based in contract, tort, strict liability, statute, or otherwise, even if advised of the possibility of such damages. Without limiting the foregoing, we are not liable for losses or harms arising from market volatility, slippage, MEV-like effects, liquidity conditions, oracle or data-feed issues, network congestion or failures, chain reorganizations, forks or protocol changes, smart contract bugs or exploits, cybersecurity incidents, loss or compromise of private keys or credentials, unauthorized access to your wallet, or actions or omissions of third parties. To the maximum extent permitted by law, our total cumulative liability to you for all claims arising out of or relating to the Services or these Terms shall not exceed the greater of one hundred U.S. dollars or the total fees, if any, you paid to us for the specific feature giving rise to the claim during the three months immediately preceding the event giving rise to the claim.

You will indemnify, defend, and hold harmless us and our affiliates and our and their respective officers, directors, employees, contractors, and agents from and against all claims, demands, actions, investigations, losses, liabilities, damages, penalties, costs, and expenses, including reasonable attorneys' fees, arising out of or relating to your access to or use of the Services, your violation of these Terms or of any law or third-party right, your on-chain activity or interactions with third-party services, or your misuse of any data, content, or technology made available through the Services. We may assume the exclusive defense and control of any matter otherwise subject to indemnification, and you agree to cooperate with our defense.

These Terms and any dispute, claim, or controversy arising out of or relating to them or to the Services shall be governed by the laws of the State of Delaware without regard to conflicts principles.

These Terms commence upon your first access to the Services and continue until terminated as provided herein. We may suspend, restrict, or terminate your access to some or all of the Services at any time, with or without notice, for any reason or no reason, including where we believe you may have violated these Terms or law. Upon termination, your license to use the Services terminates and you must cease all use. Provisions that by their nature should survive termination shall survive, including those relating to intellectual property, disclaimers, limitations and exclusions of liability, indemnification, dispute resolution, and governing law.

We may amend these Terms as described above. You may not assign or transfer these Terms or any rights or obligations hereunder by operation of law or otherwise without our prior written consent. We may assign these Terms, in whole or in part, without restriction and without notice. These Terms, together with any policies or documents incorporated by reference, constitute the entire agreement between you and us relating to the Services and supersede any prior or contemporaneous understandings. If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force, and the invalid provision shall be enforced to the maximum extent permissible to effect the parties' intent. No failure or delay in exercising any right shall operate as a waiver, nor shall any single or partial exercise preclude any other or further exercise of any right.

All rights, title, and interest in and to the Services and associated content are and will remain our exclusive property or that of our licensors. Our names, logos, product and service names, designs, and slogans are trademarks or trade dress and may not be used without our prior written consent. Nothing in these Terms grants any license or right to use any trademark, service mark, or logo displayed on or in connection with the Services.

We make no representation that the Services are appropriate or available for use in all jurisdictions. If you access or use the Services from outside the United States, you do so on your own initiative and are responsible for compliance with local laws, including on matters of conduct, marketing, and taxation. Access from locations or by persons where such access is illegal is prohibited.

Questions, notices, and requests regarding the Services or these Terms may be submitted through the contact methods published on the website or by email to any contact address we may list within the Services from time to time. If you contact us regarding security incidents, unauthorized access, or suspected fraud, include sufficient detail to allow us to identify the relevant wallet, timeframe, and nature of the issue. We will provide notices by posting within the Services or by email to the address you provide or use in connection with the Services.

If you are a California resident and wish to contact the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs, you may do so in writing at 1625 North Market Blvd., Suite N-112, Sacramento, CA 95834, or by telephone at (800) 952-5210.

Headings are for convenience only and do not affect interpretation. References to include or including are deemed to be without limitation. References to law include references to that law as amended, consolidated, re-enacted, or replaced from time to time. If these Terms are translated into another language, the English version controls in the event of conflict.