COWBOLT
TERMS AND CONDITIONS

Last Updated: October 15, 2026

1. INTRODUCTION

These Terms and Conditions (the "Agreement") are a contract between you and Cowbolt LLC, a Florida limited liability company ("Cowbolt," "Company," "we," "us"), and govern your use of the Cowbolt mobile application (the "App") and the cowbolt.com website (the "Website"), including cost-splitting features, integrated self-custody Bitcoin, Liquid and Lightning wallets, and in-app communication (together, the "Services"). By creating an account, downloading, accessing or using the Services you agree to this Agreement and to our Privacy Policy. If you do not agree, do not use the Services. We may modify this Agreement by posting the revised version with a new "Last Updated" date. For material changes (including to Sections 3, 6 and 7) we will give at least 30 days' advance notice in the App before they take effect, and no change applies to a Dispute of which a party had written notice before the change. If you do not agree, stop using the Services, withdraw your funds and request deletion of your account before the effective date; continued use after that date is acceptance.

2. ACCEPTABLE USE AND YOUR RESPONSIBILITIES

You agree to:

• use the Services only for lawful purposes;
• keep your own copy of your recovery phrase and protect your account login key and device;
• accept the risks of Bitcoin, Liquid and Lightning transactions, including market volatility, transaction errors, mistaken addresses and the security of your device and backups; and
• accept that the Services are provided with no guarantee of continued availability or reliability.

You may not:

• use Cowbolt for fraud, money laundering, terrorist financing, tax evasion or any unlawful activity;
• attempt to gain unauthorized access to any part of Cowbolt's systems, or probe, scan or test their vulnerability;
• distribute malware, phishing or any other cyber threat; or
• post content that infringes another person's rights, or that is unlawful, defamatory or harassing.

3. WALLET AND FINANCIAL DISCLAIMERS

3.1 How the wallet works. Cowbolt is a self-custody wallet. Your 12-word recovery phrase is the only key to your funds. It is kept in secure storage on your device, and Cowbolt does not keep a copy of it. Cowbolt holds no funds for you and cannot move, freeze, reverse or recover your funds. Transactions you request are signed with your keys and relayed to the Bitcoin, Liquid or Lightning network through the wallet SDK; network and swap services are provided by third parties named in Section 3.2. Cowbolt is not a bank, and balances in the App are not deposits. See Section 3 of the Privacy Policy.

3.2 Bitcoin-specific risks. You acknowledge that:

• Transactions are irreversible. Bitcoin, Liquid and Lightning transactions cannot be reversed, cancelled or refunded by Cowbolt. A payment sent to a wrong or mistyped address, or to the wrong person, is almost certainly lost.
• You are responsible for your backup. If you lose your device and your recovery phrase and have no backup, Cowbolt cannot recover your funds. An iCloud backup, if you enable it, is unencrypted by the App and protected only by your Apple account.
• Cowbolt is not a bank. Balances in the App are not deposits, are not insured by the FDIC, SIPC or any government or private insurer, and earn no interest from us.
• Market and network risk. The value of digital assets can fall to zero. Fees, network congestion, swap-provider outages and third-party service failures (including Breez, SideSwap, Blockstream, AWS, Apple and Google) can delay or prevent transactions.
• Not advice. Nothing in the Services is financial, tax, investment or legal advice. You are responsible for taxes on your transactions.
• Legality. You are responsible for making sure that your use of digital assets is lawful where you live.

3.3 Responsibility for losses. To the fullest extent permitted by law, Cowbolt is not responsible for losses caused by market movements, user error, loss of your device or recovery phrase, misdirected payments, failed transfers, or the acts of third parties, and its liability is limited as set out in Section 6.

4. ACCOUNT, AGE AND TERMINATION

4.1 Account. To use the Services you must create an account. You are responsible for the security of your account credentials and for activity under your account.

4.2 Termination. Cowbolt may suspend, restrict or terminate any account at any time, with or without notice, including for fraud, abuse, illegal activity, violation of this Agreement or law, interference with the Services' security, or activity that harms Cowbolt or other users. Where the law and the circumstances permit, we will give you reasonable notice and an opportunity to withdraw your funds before access ends; we may act immediately where needed to stop fraud, comply with law or protect the Services. You may stop using the Services at any time and may request deletion of your account as described in the Privacy Policy.

4.3 Minimum age. You must be at least 13 years old to use the Services, and by creating an account you represent that you are. The Services are not directed to children under 13, and we do not knowingly collect information from them. If we learn that a user is under 13 we will close the account and delete the information.

5. COMMUNICATION AND USER-GENERATED CONTENT

5.1 Chat. The Services include a chat function. Messages are the sole responsibility of the users who create them and do not represent the views of Cowbolt. Chat is encrypted at rest but is not end-to-end encrypted, and Cowbolt can technically read it.

5.2 No monitoring. Cowbolt does not routinely monitor or moderate user content, but may remove content or suspend accounts that violate this Agreement or the law.

5.3 Your content; licence. You keep ownership of content you post. You grant Cowbolt a worldwide, non-exclusive, royalty-free licence to host, store, transmit, display and process it to operate the Services.

5.4 Indemnity. You will defend and indemnify Cowbolt and its members, managers, officers, employees and agents against claims, losses and expenses (including reasonable attorneys' fees) arising from content you post, your disputes with other users, or your violation of this Agreement or the law, except to the extent caused by Cowbolt's own breach, negligence or willful misconduct.

6. DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY

6.1 No warranties. THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, TO THE FULLEST EXTENT PERMITTED BY LAW.

6.2 No consequential damages. TO THE FULLEST EXTENT PERMITTED BY LAW, COWBOLT AND ITS MEMBERS, MANAGERS, OFFICERS, EMPLOYEES, CONTRACTORS AND AGENTS WILL NOT BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, LOST REVENUE, LOSS OF DATA, OR LOSS OF USE OR GOODWILL, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE SERVICES, UNDER ANY THEORY OF LIABILITY, EVEN IF ADVISED OF THEIR POSSIBILITY.

6.3 Cap. TO THE FULLEST EXTENT PERMITTED BY LAW, COWBOLT'S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THE SERVICES WILL NOT EXCEED THE GREATER OF (A) THE FEES YOU PAID TO COWBOLT IN THE TWELVE MONTHS BEFORE THE CLAIM AND (B) ONE HUNDRED DOLLARS ($100).

6.4 Third parties. Cowbolt relies on third-party services, including Apple, Google, AWS, Breez, SideSwap and Blockstream, and does not control or guarantee them. Cowbolt is not responsible for their failures or for losses arising from them to the extent permitted by law.

6.5 Essential basis; exceptions. These limits are an essential basis of the bargain, but they do not exclude or limit liability for (a) death or personal injury caused by negligence; (b) fraud, gross negligence or willful misconduct; or (c) liability that cannot be excluded or limited under applicable law, including non-waivable consumer-protection rights. Where a limit is not permitted it applies to the maximum extent permitted and the rest stays in force.

7. GOVERNING LAW AND DISPUTE RESOLUTION

NOTICE: THIS SECTION CONTAINS A BINDING ARBITRATION AGREEMENT AND A CLASS-ACTION WAIVER. YOU MAY OPT OUT WITHIN 30 DAYS (SECTION 7.6).

7.1 Governing law. This Agreement and any dispute arising out of or relating to it or the Services are governed by the laws of the State of Florida, without regard to conflict-of-laws rules. The U.N. Convention on Contracts for the International Sale of Goods does not apply.

7.2 Binding arbitration. Except as stated in 7.4, any dispute, claim or controversy arising out of or relating to this Agreement or the Services, including its formation, validity, scope or enforceability (a "Dispute"), will be resolved exclusively by final and binding arbitration administered by the American Arbitration Association ("AAA"). The AAA Consumer Arbitration Rules apply to Disputes with individual consumers, and the AAA Commercial Arbitration Rules to all others, in each case as in effect when the demand is filed. The arbitrator decides arbitrability. The arbitration will be seated in Pinellas County, Florida; if you are a consumer, any in-person hearing will be held in your county of residence or another agreed location, and otherwise hearings are by video or telephone. The arbitrator may award any relief available under applicable law on an individual basis. The arbitrator must apply Florida law and this Agreement, including Section 6. This Section is governed by the Federal Arbitration Act. Judgment on the award may be entered in any court of competent jurisdiction. This Section may be invoked by Cowbolt's members, managers, officers, employees and agents.

7.2A Informal resolution. Before filing a demand, a party must send a written notice of the Dispute (name, display name, description, relief sought) to the other, and the parties will try in good faith to resolve it for 60 days. Limitation periods are tolled during that time.

7.3 Fees and costs. In a Dispute with an individual consumer under the AAA Consumer Arbitration Rules, your share of AAA fees is limited to the consumer filing fee in the AAA's fee schedule; Cowbolt bears all other filing, administrative, hearing and arbitrator fees and compensation as those rules and the AAA Consumer Due Process Protocol require. In every other Dispute, and subject to the preceding sentence, the prevailing party is entitled to recover its reasonable attorneys' fees and costs, including AAA administrative fees, arbitrator compensation and other arbitration-related costs. Nothing in this Section limits any statutory fee right you have (including under the Florida Deceptive and Unfair Trade Practices Act) or permits a fee award against you that the law would not allow.

7.4 Courts; small claims; interim relief. Either party may apply for a temporary restraining order, preliminary injunction or other interim relief to the Circuit Court of the Sixth Judicial Circuit in and for Pinellas County, Florida or, where federal jurisdiction exists, the U.S. District Court for the Middle District of Florida, Tampa Division, and the same courts are the exclusive courts for any proceeding to compel arbitration or to confirm, enforce or vacate an award. Each party submits to those courts and waives objection to venue there. You may instead bring an individual claim in a small-claims court in your county of residence if it qualifies.

7.5 Individual basis; no jury. Disputes will be arbitrated on an individual basis only; no class, collective or representative proceedings. If this waiver is unenforceable as to a claim, that claim proceeds only in the courts named in 7.4, not in arbitration. TO THE EXTENT ANY DISPUTE IS HEARD IN COURT, EACH PARTY WAIVES TRIAL BY JURY.

7.6 Opt-out. You may opt out of arbitration within 30 days after first accepting this Agreement by emailing hello@cowbolt.com with the subject "Arbitration opt-out" and your name and display name. Opting out does not change the governing-law clause, and the courts in 7.4 then hear the Dispute. This Section survives termination.

8. COPYRIGHT AND DMCA

8.1 Notice and takedown. If you believe content on Cowbolt infringes your copyright, send a written notice to our designated agent (8.4) containing: (a) identification of the copyrighted work; (b) identification and location of the material; (c) your name, address, telephone number and email; (d) a statement of good-faith belief that the use is not authorized; (e) a statement, under penalty of perjury, that the notice is accurate and that you are the owner or authorized to act for the owner; and (f) your physical or electronic signature.

8.2 Counter-notice. A user whose content was removed may send a counter-notice containing the elements required by 17 U.S.C. 512(g)(3). We may restore the content as the law allows.

8.3 Repeat infringers. We terminate the accounts of users who are repeat infringers in appropriate circumstances.

8.4 Designated agent. Copyright Agent, Cowbolt LLC, 7901 4th St N #33477, St. Petersburg, FL 33702; email: hello@cowbolt.com (subject "DMCA"). Telephone is provided on request by email.

8.5 Cowbolt accommodates and does not interfere with standard technical measures used by copyright owners. Knowingly misrepresenting that material is infringing, or that it was removed by mistake, may make you liable under 17 U.S.C. 512(f).

9. SANCTIONS, FORKS AND OTHER TERMS

9.1 Sanctions. You represent that you are not located in or a resident of a comprehensively sanctioned jurisdiction and are not on any U.S. denied-party list; Cowbolt may block accounts and transactions to comply with sanctions law. 9.2 Protocol changes. Cowbolt has no obligation or liability for forks, airdrops or other changes to the Bitcoin, Liquid or Lightning networks. 9.3 No fiduciary duty. Cowbolt is not your broker, agent, advisor or fiduciary. 9.4 Force majeure. Cowbolt is not liable for delay or failure caused by events beyond its reasonable control. 9.5 Electronic notices. You agree to receive notices from us electronically, in the App, on the Website or by the contact method you give us.

10. GENERAL

10.1 Entire agreement. This Agreement and the Privacy Policy are the entire agreement between you and Cowbolt about the Services and supersede prior discussions. 10.2 Severability. If a provision is unenforceable it is enforced to the extent permitted and the rest remains in force. 10.3 No waiver; assignment. Failure to enforce a provision is not a waiver. Cowbolt may assign this Agreement to an affiliate or to a successor in a merger, financing, reorganization or sale of assets, with notice to you; any other assignment requires consent, and you may not assign this Agreement without Cowbolt's consent. 10.4 Notices and contact. Cowbolt LLC, 7901 4th St N #33477, St. Petersburg, FL 33702, hello@cowbolt.com.