# P2P Collateralized Loans Service Agreement

This Dolly P2P Collateralized Loans Service Agreement (the “**Agreement**”) The Agreement is a contract made and entered into by and between Borrower and Lender on matters such as Dolly P2P Collateralized ,loans, provision of loans service to users (the “**Service**”) and charging of corresponding fees. Dolly P2P Collateralized Loans offers the Service to address Users’ need for holding and using a specific digital currency and other digital assets, and it requires users to provide corresponding digital asset margins (the **“Pledged asset”**) as the prerequisite for the loans. For convenience, **“Lender”**, and **“Borrower”** refers to an individual user who utilizes the Service and enters into the Agreement. **Anyone located in countries such as Belarus, Congo, Iraq, Iran, North Korea, Syria, Sudan, South Sudan, Zimbabwe, Cuba, Crimea, Malaysia, Ontario, the United States and its territories (including American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the United States Virgin Islands) are prohibited from using the Services offered by this website.**

**Please read the Agreement in its entirety carefully and use the Service only after you have fully read and understood it in its entirety**. Your use of any service provided by the Dolly P2P Collateralized Loans platform means that you know, understand, and agree to all terms hereof and all terms of the **Terms of Use**, including any modification and update to the Agreement made by us at any time.

**I. Risk Warning:**

There will be high transaction risks for you when you use the Service. To help you better understand related risks, please read the following risk warning carefully.

1.1 Risks of Digital Assets and Transaction:

The digital asset market is a brand new and unconfirmed market. At present, there are many uses by speculators in the digital asset market, while the number of retail and commercial uses is relatively small. Trading in digital assets carries high risks. The transactions are uninterrupted around the clock, there is no limit on gains or losses, and the prices are susceptible to significant fluctuations due to the influence of market makers, speculators, and government policies of countries. You shall understand and agree that the investment in and transactions of digital assets may lead to partial or total loss of your assets. Therefore, you shall determine the use of digital assets and the amount of digital asset transactions according to the degree of loss that you can bear, and you shall independently be responsible for any economic loss arising therefrom.

1.2 Risks of Laws, Regulations, and Policies of Countries:

Due to the formulation or modification of related laws, regulations, and policies of various countries, digital asset transactions may be suspended or prohibited in specific countries at any time. You shall understand and agree that all risks, losses, or consequences arising therefrom shall be borne by you independently.



1.3 Risks of Information and Market:

Due to the novelty and volatility of digital asset transactions, we suggest that you seek professional guidance and assistance if you have any questions before conducting a transaction. However, we do not directly provide you with any suggestions on transactions or investments. You shall understand and agree that any assistance, information, or suggestion on investment which you have obtained or will obtain from any third party has nothing to do with us, and all risks, losses, or consequences arising therefrom shall be borne by you independently.

1.4 Risks of the Internet and the Technology:

We cannot guarantee that all information, data, programs, and other things contained in the Service and related digital assets and pledged assets are free from interference and damage by any malicious programs such as viruses or Trojan horses. In addition, we cannot control the availability and stability of the Internet. There are inherent risks in using the Internet for doing transactions, including but not limited to delays or failures of software, hardware or Internet links, computer system failures, and other possible force majeure factors that may lead to delays, suspensions, discontinuance, or deviations in the performance of the Service. You shall understand and agree that it is your personal decision to log in and utilize the Service or download and use any downloaded information, data and program, and pledged digital assets. The stability of server login, web page or application access or network transaction, digital assets custody, etc. is not under our control. All risks, losses, or consequences caused by the above factors shall be borne by you independently.

1.5 Risks of Force Majeure:

Any and all risks, losses, or consequences arising from suspensions, delays, or terminations of the Service brought about by equipment or system maintenance, power failures, bad weather, epidemics, accidents, political activities, wars, government actions, orders of judicial or administrative bodies, and other actions that are beyond our control or our ability, or for third-party reasons shall be borne by you independently.

1.6 Other Risks:

If you violate the Agreement according to our unilateral judgment, or the Service or if your use of the Service is illegal under the laws and regulations of your jurisdiction, we shall have the right to suspend or terminate your use of the Service or related digital asset transactions at any time, and all risks, losses, or consequences caused by the above factors shall be borne by you independently.

1.7 You shall understand and agree that your action of pledged borrowing on our platform is a voluntary action. You shall consider carefully and use clear judgment to assess your financial situation and the above-mentioned risks and make any decision about the use of the Service. The risk warning herein is unable to completely list all the existing or potential risks of the Service. We will not assume any responsibility for any other risks and adverse consequences that are not caused by our gross negligence.

**II. Terms of Use of the Service Using the Service means that you have read and agreed to the following Terms of Use of the Service:**

2.1 Opening the Pledge.

2.1 Requirements for Pledged Funds and Loans: You undertake to ensure that the sources of your pledged assets are legal and compliant when using the Service, and that the use of your loans is in line with the Terms of Use and related laws and regulations.

2.2 Payment of Loans and Pledged Assets.

2.2.1 Before using the Service, please carefully read [How to Use Dolly P2P Collateralized](how-to-use-p2p-collateralized-loans) Loans and [What is Dolly P2P Collateralized Loans and Frequently Asked Questions](what-is-p2p-collateralized-loans-and-faq). You shall understand and agree to specific operating rules related to the Service, including but not limited to pledge rate, covering pledge rate, compulsory position closing pledge rate, interest rate, loans duration, compulsory position closing price, etc.

2.2.2 When using the Service, you shall transfer certain kinds and several pledged assets to your pledge account as a pledge. After confirming that payment procedures are completed, lender will lend you certain kinds and a number of currencies, which shall be deemed as automatic completion of the loans service.

2.2.3 Unless otherwise specified herein or in the Terms of Use, you may freely choose the duration for each use of the loans service, but the maximum duration shall not exceed \[180] days. You understand and agree that the longer the loans duration is, the higher the interests and related fees payable hereunder may be.

2.2.4 You agree that, unless otherwise agreed or exempted by us, you shall not withdraw any pledged assets from the pledge account before you return the loans and pay corresponding fruits and expenses.

2.3 Our Rights.

2.3.1 Right to charge interests and fees: According to related rules published by us, we have the right to charge the interests and/or related fees generated at the time when you use the Service as the consideration for your use of the Service. You agree and undertake to pay the afore-mentioned interests and/or fees in accordance with the requirements announced by us.

2.3.2 Right to implement risk control measures: **When the price changes due to market fluctuations in the loans process, and when lenderunilaterally determine that there is a risk based on the change of the real-time margin rate, we reserve the right to implement risk control measures such as force sell on the pledged assets, and you agree and unconditionally accept the final processing results.**

For the purpose of the Agreement, “force sell“ refers to the right that we arrange to sell or discount the pledged assets at a certain price and give priority to using the proceeds from disposal of the pledged assets for compensation to the extent of the value equivalent to the principal, interests, and other repayable expenses of the digital currency. We will publish detailed rules and regulations on force sell and other risk control measures in [How to Use Dolly P2P Collateralized Loans .](how-to-use-p2p-collateralized-loans)

2.3.3 Right to issue notices: You understand and agree that in the process of using the Service, we have the right (but no obligation) to issue various notices (such as early warning notices and position closing notices) to you via SMS, emails, or client messages under specific circumstances (including but not limited to the circumstance that we determine that there is a risk).

**III. Miscellaneous.**

3.1 Modification&#x73;**.**

We will adjust the Agreement and related Dolly P2P Collateralized Loans rules from time to time in accordance with applicable laws and regulations or as we deem necessary or reasonable. You shall regularly review the Agreement and related Dolly P2P Collateralized Loans rules and remain alert to revisions. If you do not agree with the revised contents, you shall immediately stop using the Service, repay the digital currency borrowed, and pay the unpaid interests and expenses. After the updated version of the Agreement and related Dolly P2P Collateralized Loans rules are released, your continued use of the Service shall be deemed that you agree to the updated contents and agree to abide by the updated terms and relevant Dolly P2P Collateralized Loans rules.

3.2 Language.

The language of the Agreement is English. For the benefit of user comprehension, the Agreement may be translated into different languages. In case of any inconsistency between different language versions, the English version shall prevail. Except for the English version, other language versions are for reference only.

3.3 Contact Us.

If you have any questions or concerns about the Agreement or the Service, or if you want to submit any requests based on the Agreement, please refer to our FAQs and contact us on support@dollypad.finance.
