LCash Terms of Use

Effective Date: April 23, 2026

These Terms of Use (“Terms”) form a legally binding agreement between you and Place Stars, Inc., a Nevada corporation doing business as LCash (“LCash,” “we,” “us,” or “our”), governing your access to and use of the LCash mobile application, website, wallet, and card services (collectively, the “Services”).

By creating an account, accessing, or using the Services, you agree to these Terms. If you do not agree, do not use the Services.

1. About LCash

LCash is a financial technology service that allows eligible users to:

• create and maintain a USD wallet balance in the LCash app;
• fund that wallet using supported funding methods;
• receive and use a virtual card;
• request a physical card where available;
• view balances, transactions, and card activity; and
• use related security and account management features.

LCash is not a bank. Unless we expressly state otherwise in writing, your LCash wallet is not a checking account, savings account, or bank deposit account. Your wallet balance is not insured by any deposit insurance scheme, including the Nigeria Deposit Insurance Corporation (NDIC), the Kenya Deposit Insurance Corporation (KDIC), or the U.S. Federal Deposit Insurance Corporation (FDIC).

LCash is a customer-facing technology service. The underlying regulated financial services — including wallet account servicing, USD card issuing, and payment processing — are provided by our licensed financial-service providers, principally Kora (Korapay Services Ltd.) and Paystack. LCash acts as an authorized agent of these providers in marketing and offering the Services to you, and is not itself the issuer of your card or the holder of your wallet funds. Your use of the Services may also be subject to additional terms or program rules of these providers, which we will surface to you where required.

2. Territorial Scope and Who Can Use LCash

The Services are offered only to eligible users residing in supported countries in Africa. At launch, supported countries are the Federal Republic of Nigeria and the Republic of Kenya. We may add, remove, or change supported countries at any time.

The Services are not available to, and may not be used by:

• citizens, residents, or persons physically located in the United States of America or its territories;
• persons listed on any applicable sanctions, denied-party, or restricted-party list, including lists maintained by the U.S. Office of Foreign Assets Control (OFAC), the United Nations, the European Union, the United Kingdom, or any competent local authority;
• persons residing in any country, territory, or region subject to comprehensive sanctions or embargoes (including, without limitation, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine);
• persons for whom use of the Services would be unlawful under any applicable law.

By creating an account or using the Services, you represent and warrant that you are not a U.S. citizen, U.S. resident, or person physically located in the United States, and that you do not fall into any of the restricted categories above.

3. Eligibility

To use the Services, you must:

• be at least 18 years old, or the age of majority in your jurisdiction, whichever is higher;
• have legal capacity to enter into a binding agreement;
• reside in a country where LCash is available (see Section 2);
• provide accurate, complete, and current information; and
• pass any identity, sanctions, fraud, security, or compliance checks we require.

We may refuse access to any person or jurisdiction where use of the Services would be unlawful or would create legal, regulatory, or risk issues for LCash or its partners.

4. Account Registration

You must create an LCash account to use the Services. When you register, you agree to provide true, accurate, and complete information, including information needed for identity verification and fraud prevention.

You are responsible for:

• keeping your login credentials, device, and verification methods secure;
• all activity that occurs under your account;
• promptly notifying us if you suspect unauthorized access, fraud, or misuse.

You may not:

• create an account for another person without authorization;
• impersonate any person or entity;
• use false or misleading identity information;
• use the Services for illegal, fraudulent, deceptive, or abusive activity.

5. Identity Verification and Compliance

LCash may require you to complete identity verification before you can access some or all features. This may include collecting your:

• full name;
• date of birth;
• phone number;
• email address;
• residential address;
• government-issued ID details (including Nigerian National Identification Number (NIN), Bank Verification Number (BVN), Kenyan National ID, or equivalent documents);
• selfie or biometric comparison data; and
• any additional information reasonably requested for compliance.

You authorize us to verify your identity and assess account risk using internal reviews and third-party data sources, service providers, sanctions screening tools, fraud systems, and issuing or payment partners.

We may delay, limit, suspend, or deny any account, wallet, funding event, or card transaction if:

• we cannot verify your identity;
• we believe the activity is unusual, unauthorized, or risky;
• we suspect fraud, money laundering, sanctions exposure, terrorism financing, or illegal conduct;
• we are required to do so by law, regulation, court order, or partner requirement.

6. Sanctions, AML, and Trade Controls

As a corporation organized under the laws of the State of Nevada, LCash is required to comply with U.S. economic sanctions administered by the Office of Foreign Assets Control (OFAC), the U.S. Bank Secrecy Act (BSA), and related U.S. anti-money-laundering regulations to the extent they apply to LCash’s operations. We are also required to comply with applicable sanctions, anti-money-laundering, and counter-terrorism- financing laws in Nigeria (including regulations issued by the Central Bank of Nigeria and the Nigerian Financial Intelligence Unit), in Kenya (including regulations issued by the Central Bank of Kenya and the Financial Reporting Centre), and in other jurisdictions where we or our partners operate.

We screen account applicants, users, counterparties, beneficiaries, funding sources, card transactions, and related parties against applicable sanctions, politically-exposed-person, and watchlist databases. We may:

• refuse to open or continue an account;
• block, freeze, or reject any funding event, wallet balance, or card transaction;
• report the account or activity to competent authorities; and
• take any other action we believe is required or permitted by applicable law.

You agree not to use the Services in connection with any transaction prohibited by sanctions, AML, or terrorism-financing laws, and you represent that you are not a sanctioned person and are not acting on behalf of one.

7. Your LCash Wallet

Your LCash wallet displays your available balance in U.S. dollars. The wallet is intended for lawful consumer use within the Services.

You understand and agree that:

• the wallet is a stored-value or app balance feature and not a bank account;
• the wallet balance is not protected by any deposit insurance scheme (including NDIC, KDIC, or FDIC);
• we may place holds, reserves, or restrictions on wallet funds where necessary for fraud, disputes, reversals, compliance, or security;
• wallet balances do not earn interest unless we explicitly say so in writing;
• we may set transaction, load, spend, and balance limits.

We may correct any posting, balance, or transaction error at any time.

8. Funding Your Wallet

You may fund your wallet only through methods we support. These may include payment cards or other approved methods listed in the app.

When you load funds:

• you authorize us and our payment partners to debit your selected funding source;
• the load is not final until we and our partners confirm it;
• we may reject, reverse, or cancel loads that fail, are disputed, are unauthorized, or appear suspicious.

You may only use a funding method that you are legally authorized to use.

If a funding transaction is reversed, charged back, refunded, or denied, we may recover the amount from your wallet balance, card transactions, future loads, or other amounts owed to you.

9. Virtual and Physical Cards

If eligible, you may be issued a virtual card and may be allowed to request a physical card. Card issuance, activation, replacement, and continued availability are subject to:

• successful verification;
• country availability;
• operational availability;
• compliance review; and
• any issuing-partner requirements.

You agree that:

• cards remain subject to separate card network and issuing-partner rules;
• we may impose card spend controls, merchant category restrictions, withdrawal restrictions, regional restrictions, or security settings;
• we may block, pause, replace, or cancel a card at any time for security, operational, legal, or compliance reasons.

A physical card may involve production, handling, shipping, replacement, or other fees, which will be disclosed in the app or fee schedule.

10. Authorized Use Only

You may use LCash only for lawful, personal, and authorized purposes. You may not use the Services:

• for money laundering, sanctions evasion, terrorism financing, fraud, scams, or deception;
• to conduct business that is prohibited by law or by our policies;
• to process funds on behalf of unknown third parties;
• to exploit system bugs, card network loopholes, or promotional abuse;
• to make transactions connected to illegal goods, illegal services, weapons, child exploitation, human trafficking, unauthorized gambling, or other prohibited activity;
• to abuse chargebacks, disputes, refunds, or card testing patterns.

We may adopt and update an acceptable use or prohibited activities policy from time to time.

11. Fees

You agree to pay any fees disclosed to you for use of the Services, including where applicable:

• wallet funding fees;
• card issuance or replacement fees;
• physical card shipping fees;
• foreign exchange or cross-border fees, if any;
• inactivity, expedited handling, or special service fees, if any.

Fees may be deducted from your wallet balance where permitted. We may change fees by posting an updated fee schedule in the app, on our website, or by notifying you as required by law.

12. Transaction Limits, Delays, and Reversals

We may apply daily, weekly, monthly, or per-transaction limits to:

• wallet funding;
• wallet balances;
• card spending;
• ATM or cash-related activity, if supported;
• account activity generally.

Transactions may be delayed, declined, reversed, or canceled where necessary for:

• fraud prevention;
• technical issues;
• issuer or payment-partner decisions;
• compliance reviews;
• card network rules;
• legal or regulatory requirements.

We are not responsible for losses caused by merchant declines, card network outages, third-party service interruptions, or funding-source restrictions outside our reasonable control.

13. Suspensions and Account Closure

We may suspend, restrict, or close your account immediately, with or without prior notice, if:

• you violate these Terms;
• your account presents fraud, legal, sanctions, or security risk;
• required verification cannot be completed or maintained;
• we are instructed to do so by a regulator, law enforcement agency, court, or financial partner;
• your use of the Services is abusive or unlawful.

You may ask to close your account by contacting support, subject to any unresolved transactions, holds, legal obligations, disputes, or compliance reviews.

Closure of your account does not affect rights or obligations that arose before closure.

14. Privacy

Your use of the Services is also governed by our Privacy Policy, which explains how we collect, use, store, share, and protect your personal data, including under the Nigeria Data Protection Act, 2023, and the Kenya Data Protection Act, 2019.

15. Intellectual Property

LCash, our app, website, branding, software, text, graphics, trademarks, logos, workflows, and content are owned by or licensed to us and are protected by applicable intellectual property laws.

You may use the Services only for your personal, lawful use. You may not copy, modify, reverse engineer, scrape, distribute, sell, lease, or exploit any part of the Services except as expressly permitted by us in writing.

16. Third-Party Providers

The Services depend on third-party financial-service providers and other vendors. The principal financial-service providers behind LCash are Kora (Korapay Services Ltd.) and Paystack, which between them provide the regulated wallet, USD card-issuing, and payment-processing functions on which the Services rely. LCash acts as their authorized agent for distribution and customer support and is not the issuer of your card or the holder of your wallet balance.

We also rely on additional third-party service providers, including KYC vendors, fraud and sanctions-screening vendors, cloud providers, communication providers, analytics providers, and compliance service providers.

We are not responsible for the independent acts, errors, outages, or policies of third-party providers except to the extent required by law. Where a financial-service provider imposes its own terms, program rules, cardholder agreement, or acceptable-use policy, those terms may apply to you in addition to these Terms, and we will make them available to you as required.

17. No Financial Advice

LCash does not provide legal, tax, investment, accounting, or financial planning advice. Any information in the app or on the website is for general informational purposes only.

18. Disclaimers

The Services are provided on an “as is” and “as available” basis, to the fullest extent permitted by law. We do not guarantee that:

• the Services will always be available, uninterrupted, secure, or error-free;
• every funding source, merchant, card transaction, or country will be supported at all times;
• any transaction will be approved or completed;
• the Services will meet your particular needs.

19. Limitation of Liability

To the fullest extent permitted by law, LCash and its affiliates, officers, directors, employees, contractors, and partners will not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages, including loss of profits, goodwill, data, opportunity, or business interruption, arising from or related to your use of the Services.

To the fullest extent permitted by law, our total liability to you for any claim arising out of or related to the Services shall not exceed the greater of:

• the total amount of fees you paid to us in the three (3) months preceding the event giving rise to the claim; or
• USD $100.

Nothing in these Terms excludes or limits liability that cannot lawfully be excluded or limited, including under the consumer protection laws of Nigeria or Kenya.

20. Indemnity

You agree to indemnify and hold harmless LCash and its affiliates, officers, directors, employees, contractors, and partners from and against any claims, losses, liabilities, damages, costs, and expenses, including reasonable legal fees, arising out of:

• your misuse of the Services;
• your violation of these Terms;
• your violation of any law or third-party right;
• fraud, misrepresentation, or unauthorized activity connected to your account.

21. Changes to the Services or Terms

We may modify, suspend, discontinue, or update any part of the Services or these Terms at any time. If a change is material, we will provide notice by posting the updated Terms in the app, on our website, or through another reasonable method.

Your continued use of the Services after the effective date of updated Terms means you accept the revised Terms.

22. Governing Law and Dispute Resolution

These Terms are governed by the laws of the State of Nevada, United States of America, without regard to conflict-of-law rules, except where the mandatory consumer protection laws of your country of residence require otherwise.

Any dispute, claim, or controversy arising from or relating to these Terms or the Services shall be resolved in the courts located in Clark County, Nevada, unless applicable law requires otherwise.

If you are a resident of Nigeria or Kenya, nothing in this Section 22 waives any rights you may have under the consumer-protection, data-protection, or financial-services laws of your country, including the right to bring a complaint before the competent regulator or court in your country where such right cannot be waived.

23. Contact

For questions about these Terms or the Services, contact: