Terms and Conditions

1. Agreement and Acceptance

1.1 These Terms and Conditions (the "Terms") constitute a binding legal agreement between you ("you", "your", or the "User") and Cashcows Labs Ltd. ("CashCows", "we", "us", or "our"), the operator of the CashCows platform accessible at cash-cows.com and app.cash-cows.com and of the associated mobile and web applications (together, the "Platform").

1.2 By creating an Account, accessing the Platform, acquiring a Bufala Interest, holding $CASHCOWS, or otherwise using any Service, you confirm that you have read, understood and agree to be bound by these Terms and by the Privacy Policy, which is incorporated into these Terms by reference. If you do not agree, you must not use the Platform.

1.3 These Terms apply in addition to, and do not replace, any product-specific terms presented to you at the point of purchase, including the Bufala Purchase Confirmation and the Mortality Replacement Programme Schedule. Where a product-specific term conflicts with these Terms, the product-specific term governs for that transaction only.

1.4 These Terms are not a prospectus, an offering memorandum, or a crypto-asset white paper. The separate MiCA crypto-asset white paper published by CashCows is the operative technical and legal disclosure document for $CASHCOWS in the European Union. Where these Terms and that white paper differ on a matter within its scope, the white paper controls.

2. Definitions

2.1 In these Terms, capitalised expressions have the meanings set out below. Words importing the singular include the plural and vice versa.

3. Eligibility and Restricted Persons

3.1 You may use the Platform only if you are a natural person of at least eighteen (18) years of age, or the age of majority in your jurisdiction if higher, and have full legal capacity to enter into a binding contract. Where you act on behalf of a legal entity, you warrant that you are duly authorised to bind that entity and these Terms bind it.

3.2 You may not use the Platform if you are a resident of, located in, or a national of any jurisdiction in which the Services are prohibited or would require CashCows to hold a licence or registration it does not hold (each a "Restricted Jurisdiction"). CashCows publishes and may amend the list of Restricted Jurisdictions at any time. It is your sole responsibility to satisfy yourself that your use of the Platform is lawful where you are.

3.3 You may not use the Platform if you are, or are owned or controlled by, a person subject to sanctions administered by Canada, the United States, the United Kingdom, the European Union, or the United Nations Security Council, or if you are acting on behalf of such a person.

3.4 CashCows may refuse, restrict or terminate access to the Platform for any person, at its discretion and without obligation to state reasons, where it considers such action necessary to comply with Applicable Law or to protect the integrity of the Platform, the Herd or other Users.

4. Account Registration and Security

4.1 To use the Services you must register an Account and provide accurate, current and complete information. You must keep that information up to date and notify us promptly of any material change.

4.2 You are responsible for maintaining the confidentiality of your Account credentials, authentication factors, recovery methods and any private keys or seed phrases within your control. You are responsible for all activity conducted through your Account.

4.3 You must notify us immediately at support@cash-cows.com upon becoming aware of any unauthorised access to your Account or any security breach. CashCows is not liable for losses arising from your failure to safeguard your credentials or from your disclosure of them to any third party.

4.4 One Account is permitted per person. The creation of multiple Accounts to obtain fee tiers, Ranch World rewards, referral benefits or promotional entitlements to which you would not otherwise be entitled is prohibited and is grounds for suspension and forfeiture of the relevant benefit.

4.5 In the event of your death or incapacity, your Bufala Interests and Account balances form part of your estate. Your legal personal representative may apply to CashCows for transfer or realisation on production of documentation satisfactory to CashCows and subject to identity verification and Applicable Law.

5. Wallet Provisioning and Custody

5.1 CashCows uses Crossmint, a third-party wallet infrastructure provider, to provision and support blockchain wallets for Users. Wallets provisioned through Crossmint are created, secured and made available under Crossmint's own technical architecture and terms of service, which apply to you in addition to these Terms.

5.2 By creating an Account you authorise CashCows to instruct the provisioning of a Wallet on your behalf and to interact with that Wallet for the purposes of minting, transferring and recording Bufala NFTs and of crediting Platform Distributions and $CASHCOWS.

5.3 CashCows does not operate a bank, does not accept deposits, and does not act as a trustee of your assets. Assets held in your Wallet are held for your benefit. CashCows does not exercise discretionary control over your Wallet except as expressly instructed by you or as required to give effect to a transaction you have initiated, to comply with Applicable Law, or to enforce these Terms.

5.4 You may, where the Platform supports it, connect an external self-custodial wallet or export your assets to a wallet you control. Where you do so, you assume full and exclusive responsibility for the security of that wallet.

KEY LOSS IS PERMANENT

Blockchain transactions are irreversible. Where you hold or export private keys, the loss of those keys is the permanent and unrecoverable loss of the associated assets. CashCows cannot reverse a transfer, restore a lost key, or recover assets sent to an incorrect address, and has no obligation to compensate you for any such loss.

5.5 CashCows may change wallet infrastructure providers, migrate Wallets, or alter the custody model on reasonable notice where it considers such change necessary for security, continuity or regulatory reasons.

6. Nature of a Bufala Interest

6.1 A Bufala Interest is an undivided fractional co-ownership interest in a specific live animal, held by you as tenant in common with the other holders of interests in that animal. It is a beneficial interest in a physical agricultural asset. It is not a share, unit, debenture, note, deposit, insurance product, derivative, or interest in CashCows or in any pooled fund.

6.2 A Bufala Interest confers: (a) proportionate entitlement to Gross Proceeds attributable to that Bufala, less the Maintenance Fee and any other applicable fees; (b) the right to inspect the Farm Records relating to that Bufala through the Platform; (c) the right to view the Livestream; and (d) the right to transfer the Bufala Interest in accordance with clause 15.

6.3 A Bufala Interest does not confer: (a) any right to take physical possession of, remove, slaughter, relocate or direct the treatment of any animal; (b) any right to partition the animal or to compel its sale; (c) any voting right in CashCows or in the Farm Operator; (d) any ownership of the Farm, the land, the processing facility, the CashCows brand or the Platform; (e) any right of redemption against CashCows; or (f) any claim on the assets of CashCows.

6.4 The Bufala NFT is a record of title and a means of transfer. It is not itself the asset. Where the Bufala NFT record and the Farm Records or the CashCows register conflict, the CashCows register governs, and CashCows will take reasonable steps to correct the on-chain record.

6.5 You acknowledge that the animals are located in the Bolivarian Republic of Venezuela and that the practical enforcement of a co-ownership interest in livestock situated in that jurisdiction may be limited, delayed or unavailable. Your contractual rights against CashCows under these Terms are governed by clause 30 and are not dependent on enforcement proceedings in Venezuela.

7. Purchase of Bufala Interests

7.1 Bufala Interests are offered on the Platform at prices displayed at the time of purchase. Prices are quoted in the currency or digital asset indicated and may change at any time before an order is confirmed.

7.2 A purchase is complete, and title to the Bufala Interest passes to you, when: (a) cleared funds or digital assets are received by CashCows; (b) the Bufala Interest is recorded in your name in the CashCows register; and (c) the corresponding Bufala NFT is minted or transferred to your Wallet. Where the on-chain mint is delayed for technical reasons, your entitlement dates from the register entry.

7.3 Before completing a purchase you will be shown the purchase price, the applicable unit fraction, the animal identifier, the Programme contribution under clause 16, the Maintenance Fee rate applicable to distributions, and the total amount payable. You are responsible for reviewing this information before confirming.

7.4 Payments made in digital assets are final on network confirmation. Payments made by card or bank transfer are subject to the terms of the relevant payment processor. CashCows does not store full payment card details.

7.5 CashCows may cancel or reverse a purchase, and will refund amounts received, where: (a) a pricing, quantity or system error has occurred; (b) identity verification under clause 20 is not satisfactorily completed; (c) the purchase would breach Applicable Law; or (d) the specified Bufala is unavailable. Refunds are made to the original payment method or, for digital assets, to the originating address.

7.6 Where mandatory consumer protection legislation applicable to you confers a right to cancel a remote or internet agreement within a statutory period, that right applies notwithstanding anything in these Terms, and you may exercise it by written notice to support@cash-cows.com.

8. Fractional Interests and Co-Ownership

8.1 A Bufala may be divided into fractional units. CashCows determines and publishes the minimum unit fraction, the maximum number of co-owners per animal, and any maximum holding per User, and may vary these for new issuances.

8.2 All co-owners of a Bufala rank equally and are entitled to Gross Proceeds strictly in proportion to their respective unit fractions. No co-owner has priority, preference or veto over another.

8.3 Where a Bufala is not fully subscribed, CashCows or an affiliate may hold the unsold fraction. CashCows may therefore be a co-owner alongside you. CashCows undertakes that any fraction it holds ranks equally with Users' fractions and receives no preferential treatment in distribution.

8.4 Fractional co-ownership does not create a partnership, joint venture, agency, trust or fiduciary relationship between co-owners, or between you and CashCows, except as expressly stated in clause 9.

9. Farm Operations and Management Mandate

9.1 By acquiring a Bufala Interest you appoint CashCows as your agent for the limited purpose of managing that interest, and you authorise CashCows to engage, instruct, supervise, replace and remunerate the Farm Operator and any veterinary, processing, logistics, insurance or sales counterparty on your behalf.

9.2 All operational decisions concerning the Herd — including husbandry, feeding, breeding, veterinary treatment, milking schedules, processing methods, biosecurity measures, culling, and the timing, counterparty and price of any sale — are taken by CashCows and the Farm Operator in their sole discretion, acting reasonably and in accordance with prevailing animal-welfare standards. You have no right to direct or override such decisions.

9.3 Where animal welfare, disease control, biosecurity, or an order of a competent authority requires it, CashCows and the Farm Operator may isolate, treat, relocate, or humanely destroy any animal without prior notice to or consent from co-owners. Such an event is treated as a Mortality Event under clause 16.

9.4 CashCows may relocate all or part of the Herd to an alternative facility or an alternative jurisdiction where it considers this necessary for the welfare of the animals or the continuity of operations, and will notify affected Users as soon as reasonably practicable.

9.5 CashCows may engage a substitute Farm Operator at any time. Your Bufala Interest survives any change of Farm Operator.

10. Platform Distributions

10.1 CashCows calculates Gross Proceeds attributable to each Bufala on a periodic basis by reference to the Farm Records and to the proceeds actually received from the sale of milk, cheese, calves and livestock. Gross Proceeds are allocated among co-owners in proportion to their unit fractions.

10.2 Platform Distributions are credited to your Account net of the Maintenance Fee and any other fees or amounts properly deductible under these Terms. Distributions are ordinarily credited in a stablecoin or digital asset notified on the Platform, and are made only in respect of proceeds actually received and cleared.

10.3 CashCows determines the distribution cycle and may vary it. There is no fixed, promised or minimum distribution date, frequency or amount. Where no Gross Proceeds are attributable to a Bufala in a period, no distribution is made for that period.

10.4 CashCows may withhold, delay or set off a Platform Distribution where: (a) identity verification is outstanding; (b) the distribution is or may be subject to a legal, regulatory or judicial restriction; (c) amounts are owed by you to CashCows; (d) fraud, error or misuse is suspected; or (e) the payment rail is unavailable.

10.5 Distribution calculations are made by CashCows in good faith and are final in the absence of manifest error. Where a manifest error is identified, CashCows will correct it and adjust subsequent distributions accordingly, in either direction.

11. No Guarantee of Return

11.1 PLATFORM DISTRIBUTIONS ARE VARIABLE AND ARE NOT GUARANTEED. CashCows does not promise, guarantee, project or warrant any yield, return, income, profit, capital protection or repayment of the amount you paid for a Bufala Interest. You may receive less than you paid, and you may receive nothing at all.

11.2 Distributions depend on factors that are outside the control of CashCows, including but not limited to: milk yield per animal; animal health, fertility and lactation performance; feed, fuel, labour and veterinary costs; weather, drought, flood and climate conditions; disease outbreaks and biosecurity events; the market price of milk, mozzarella and livestock; currency movements and currency controls; the availability of transport and processing capacity; and political, regulatory and macroeconomic conditions in the Bolivarian Republic of Venezuela.

11.3 Any figure, illustration, historical record, model, projection, average or example published by CashCows — including on the Platform, in marketing materials, in the whitepaper, or in any social or video channel — is indicative only, is not a forecast, and does not constitute a representation or warranty as to future outcomes. Past performance of the Herd is not a reliable indicator of future performance.

11.4 Where CashCows becomes aware of a material and sustained change in the economics of the Herd, in distribution methodology, or in any factor materially affecting expected distributions, CashCows will notify all affected Users through the Platform and by e-mail within a reasonable period, and will publish the change on the Platform.

11.5 Nothing published by CashCows constitutes investment, financial, legal, tax or accounting advice, and no CashCows employee, contractor, agent or community moderator is authorised to give such advice. You should obtain independent professional advice before acquiring a Bufala Interest or $CASHCOWS.

12. Maintenance Fee

12.1 CashCows charges a Maintenance Fee of twenty per cent (20%) of Gross Proceeds attributable to your Bufala Interests. The Maintenance Fee is applied at the time a Platform Distribution is calculated and is deducted before the distribution is credited to your Account.

12.2 The Maintenance Fee remunerates CashCows for the operation of the Platform, the engagement and supervision of the Farm Operator, record-keeping, distribution processing, the Livestream, customer support, and the general administration of the co-ownership arrangement.

12.3 The Maintenance Fee is applicable at all times and to all Platform Distributions unless a reduction applies under clause 12.4 or clause 14.

12.4 CashCows may, in its sole and absolute discretion, offer a reduced Maintenance Fee to any User, to any category of Users, or to all Users, for any period and on any terms it determines, including by way of promotion, loyalty programme, partnership arrangement or negotiated rate. A reduction granted to one User creates no entitlement in any other User, and CashCows may withdraw or vary any reduction on notice.

12.5 The standard Maintenance Fee rate may be increased only on not less than thirty (30) days' prior notice to affected Users. During that notice period you may transfer or dispose of your Bufala Interests in accordance with clause 15 without penalty.

13. Other Fees and Costs

13.1 In addition to the Maintenance Fee, the following may apply. Current rates are published on the Platform and form part of these Terms.

13.2 Except for the Maintenance Fee, which is governed by clause 12.5, CashCows may introduce, vary or withdraw any fee on notice published on the Platform. Fees are exclusive of any tax for which you are responsible.

13.3 Direct farm-level costs of production are netted at the Herd level in the determination of Gross Proceeds and are not charged to you separately.

14. The $CASHCOWS Token

14.1 $CASHCOWS is a utility token which prices your relationship with the Platform. Its sole functions are to reduce the Maintenance Fee applied to your Platform Distributions in accordance with the published fee-tier table, to unlock Platform features, and to confer participation in a Supply Vote when one is called.

14.2 Your fee tier is determined by the ratio of the value of the $CASHCOWS you hold to the value of your Bufala Holdings, both measured at the Reference Price at the moment the Maintenance Fee is charged. The fee tiers are: standard 20%; Tier 1 at 18% (ratio of 12.5% or more); Tier 2 at 16% (ratio of 25% or more); Tier 3 at 12% (ratio of 50% or more).

14.3 $CASHCOWS confers no yield, dividend, revenue share, profit participation, redemption right, ownership of CashCows or of the Herd, or claim on the treasury. It is not a deposit, a security, an e- money token or an asset-referenced token.

14.4 CashCows may vary the fee-tier thresholds, the ratio methodology and the Reference Price methodology on not less than thirty (30) days' notice. Tier benefits are contingent on the continued operation of the Platform.

14.5 The value of $CASHCOWS is determined by the open market. It may be highly volatile, may fall to zero, and no venue is obliged to list it or maintain liquidity in it. CashCows does not make a market in, guarantee the price of, or undertake to support the value of $CASHCOWS.

14.6 Buybacks and burns are discretionary treasury policy. They are conducted when and as CashCows determines, may be paused or discontinued, and are not a promised return or a payment owed to you.

15. Secondary Market and Transfers

15.1 You may transfer a Bufala Interest to another verified User through the Platform's secondary market interface, subject to these Terms, to identity verification of both parties, and to any transfer restriction published by CashCows.

15.2 CashCows charges a secondary market fee on transactions effected through the Platform. The rate of that fee is set at the sole discretion of CashCows and may vary at any time, by transaction type, by asset, by User category or by market condition. The applicable rate is displayed before you confirm a transaction.

15.3 CashCows does not guarantee the existence of a secondary market, the availability of a counterparty, the liquidity of any Bufala Interest, or any particular resale price. A Bufala Interest may prove difficult or impossible to sell.

15.4 CashCows operates the secondary market interface as a venue only. It is not a party to, and does not warrant, guarantee, settle or underwrite, any transaction between Users. Prices are set by Users.

15.5 A transfer of the Bufala NFT outside the Platform does not of itself transfer the Bufala Interest. To be effective against CashCows, a transfer must be recorded in the CashCows register and the transferee must be a verified User bound by these Terms. CashCows may refuse to recognise, and may reverse in its register, a purported transfer to a person who is not a verified User, is a Restricted Person, or has not accepted these Terms.

15.6 CashCows may impose a lock-up, minimum holding period, transfer volume limit or cooling-off period on new issuances, and may suspend secondary market functionality where necessary for legal, operational, security or market-integrity reasons.

16. Mortality Replacement Programme

16.1 The Mortality Replacement Programme is a contractual replacement undertaking given by CashCows and funded from a dedicated CashCows reserve. It is NOT A CONTRACT OF INSURANCE, is not underwritten by a licensed insurer, and confers no rights against any insurer or guarantee fund. No premium is paid to any insurer and no policy is issued to you.

16.2 A contribution equal to five per cent (5%) of the purchase value of your Bufala Interest is charged at the time of purchase and is applied to the Programme reserve. The contribution rate is set by reference to observed mortality rates in comparable commercial dairy-buffalo herds and may be adjusted for future issuances.

16.3 Where a Mortality Event occurs in respect of a Bufala in which you hold a Bufala Interest, CashCows will, subject to clause 16.4 and to the availability of a suitable animal, allocate to you a replacement Bufala Interest of equivalent unit fraction in a replacement animal drawn from the Herd. The objective of the Programme is that a User is placed in a position to receive, in aggregate across the original and any replacement animals, up to seven (7) years of milking and reproduction cycles measured from the commencement of your original Bufala Interest.

16.4 The Programme does not apply where the Mortality Event arises from: (a) the expiry of the seven-year cycle objective described in clause 16.3; (b) an act or omission of the User; (c) planned culling at the end of productive life under clause 17; (d) an event of force majeure under clause 31.6 affecting a material portion of the Herd, in which case clause 16.5 applies; or (e) any circumstance excluded in the Programme Schedule published on the Platform.

16.5 The Programme is limited to the assets standing to the credit of the Programme reserve from time to time. Where a mass-mortality, epizootic, expropriation or force majeure event exhausts or would exhaust the reserve, CashCows will allocate available replacement capacity pro rata among affected Users and will publish the basis of that allocation. CASHCOWS DOES NOT GUARANTEE REPLACEMENT AND ITS OBLIGATION IS LIMITED TO THE PROGRAMME RESERVE.

16.6 A replacement Bufala Interest is a new Bufala Interest in a different animal. It carries no accrued distribution entitlement in respect of the period before allocation, and its productive performance may differ from that of the original animal.

16.7 CashCows will publish the mortality methodology, the reserve balance and the replacement record on the Platform, and will report on the Programme periodically. CashCows may, on notice, transition the Programme to third-party underwriting by a licensed insurer, in which case the terms of the resulting policy will be published.

17. Productive Life, Calves and Retirement

17.1 A dairy buffalo has a finite productive life. Milk yield declines with age and a Bufala will in due course cease to be productive. Your Bufala Interest is an interest in a depreciating biological asset and its value will decline over the animal's productive life.

17.2 Calves born to a Bufala in which you hold a Bufala Interest form part of the Herd. Proceeds from the sale of calves attributable to that Bufala are included in Gross Proceeds. A calf does not automatically create a new Bufala Interest for you, and CashCows may retain a calf within the Herd for breeding or replacement purposes, including for the Programme.

17.3 On retirement, culling or sale of a Bufala at the end of its productive life, the net proceeds of realisation are allocated among co-owners in proportion to their unit fractions, less the Maintenance Fee and applicable costs, and the corresponding Bufala Interest is retired. The residual value may be substantially less than the original purchase price and may be nil.

17.4 CashCows determines the timing of retirement and realisation in consultation with the Farm Operator, having regard to animal welfare, veterinary advice and market conditions.

18. Livestream and Farm Records

18.1 CashCows makes available a livestream from cameras positioned at the milking station and adjacent pasture (the "Livestream"), restreamed through a third-party video platform. The Livestream is provided as a transparency feature and as a convenience.

18.2 The Livestream is provided on an "as available" basis and continuous availability is not guaranteed. The Farm is located in a region where electrical supply and network connectivity are intermittent. Interruption, degradation, delay, partial coverage or complete unavailability of the Livestream may result from power cuts, generator failure, loss of internet connectivity, satellite or cellular outages, adverse weather, equipment failure, maintenance, third-party platform outages, or events of force majeure.

18.3 CashCows targets, but does not warrant, approximately ninety per cent (90%) availability of the Livestream. No failure, interruption or unavailability of the Livestream constitutes a breach of these Terms, gives rise to any claim, refund, fee reduction or compensation, or affects the validity of your Bufala Interest or your entitlement to Platform Distributions.

18.4 The Livestream may be repositioned, reduced in scope, or discontinued. Cameras may be moved for animal welfare, biosecurity, operational or privacy reasons. Footage is archived with the camera vendor and retained for such period as the vendor's service provides; CashCows does not warrant the availability of historical footage.

18.5 Farm Records are compiled manually by farm staff and are subject to human error, transcription delay and periodic reconciliation. CashCows presents Farm Records in good faith and may correct them. Farm Records are operational records and are not audited financial statements.

18.6 You may view the Livestream for personal, non-commercial purposes only. Recording, rebroadcasting, redistributing or commercially exploiting the Livestream without written permission is prohibited.

19. Ranch World, Leaderboard and Rewards

19.1 The Platform includes a gamified layer (the "Ranch World") comprising a buffalo avatar, quests, experience points, rancher titles, referral mechanics and social features.

19.2 The Platform displays a leaderboard. By using the Ranch World you consent to the display of your username or chosen display name, avatar, rancher title, experience level, quest completions, referral count and relative ranking to other Users and, where the leaderboard is public, to non-Users. CashCows does not display your legal name, contact details, wallet address or the monetary value of your holdings on the leaderboard unless you expressly opt in.

19.3 You may opt out of leaderboard display at any time in your Account settings. Opting out may limit access to competitive features and associated rewards.

19.4 Experience points, titles, quest rewards, streaks and in-app items are in-app progression only. They carry no monetary value, are not $CASHCOWS, are not redeemable for cash or digital assets, are not transferable except as the Platform expressly permits, and may be adjusted, expired, reset or withdrawn by CashCows at any time.

19.5 CashCows may remove, reset or withhold Ranch World benefits and leaderboard placement where it detects manipulation, automation, multiple accounts, referral abuse or conduct inconsistent with clause 24.

20. Identity Verification, AML and Sanctions

20.1 CashCows operates an anti-money-laundering, counter-terrorist-financing and sanctions compliance programme proportionate to its activities and to Applicable Law.

20.2 CashCows may, at any time and at its discretion, require you to complete identity verification ("KYC") and to provide source-of-funds and source-of-wealth information as a condition of registering, transacting, receiving Platform Distributions, using the secondary market, or withdrawing assets. Verification may be required at onboarding, at a transaction threshold, on a risk-triggered basis, on a periodic refresh, or where required by Applicable Law or by a regulator, law enforcement agency or court.

20.3 Verification may require government-issued photographic identification, proof of address, a liveness or biometric check, corporate constitutional documents, beneficial ownership information, and supporting financial documentation. Verification may be performed by third-party providers on our behalf.

20.4 You warrant that all funds and digital assets you use are lawfully derived, are beneficially owned by you, and are not the proceeds of crime. You must not use the Platform to launder money, finance terrorism, evade sanctions or taxation, or conceal the origin of assets.

20.5 CashCows screens Users and counterparties against sanctions and politically-exposed-person lists, monitors transactions for suspicious activity, and will report suspicious transactions to the competent authority where required, without notice to you. Where legally compelled, CashCows will freeze assets, suspend Accounts and disclose information to authorities, and is under no obligation to inform you where such notification is prohibited.

20.6 Failure to complete verification within the period specified may result in suspension of your Account, withholding of Platform Distributions, restriction of transfers, and, where the failure persists, termination under clause 25 with realisation of your Bufala Interests and return of net proceeds subject to Applicable Law.

20.7 CashCows maintains transaction and identity records for the period required by Applicable Law following the end of the relationship.

21. Data Protection and Privacy

21.1 You acknowledge and agree that CashCows collects, records, stores, processes, analyses and retains data relating to you and to your use of the Platform. This includes: identity and verification data; contact and address data; payment and bank data; wallet addresses and complete on-chain transaction history; holdings, distributions, fees and tier history; device, browser, IP address, geolocation and network data; authentication, session and security logs; Ranch World activity, quest, referral and leaderboard data; Livestream viewing data; support correspondence, call recordings and chat transcripts; marketing engagement data; and behavioural and analytics data derived from your use of the Platform.

21.2 CashCows processes this data to: provide and administer the Services; verify identity and comply with AML, sanctions and tax obligations; calculate and pay distributions; prevent fraud, abuse and security incidents; operate the Ranch World and the leaderboard; provide support; improve and develop the Platform; conduct analytics and modelling; communicate with you; and comply with Applicable Law and lawful requests from authorities.

21.3 CashCows discloses data to: the Farm Operator and veterinary providers where relevant; identity verification, payment, wallet, hosting, analytics, communication and video-streaming providers; professional advisers, auditors and insurers; law enforcement, tax authorities, regulators and courts where required or permitted; and any acquirer in connection with a corporate transaction. Recipients may be located outside your country of residence.

21.4 You consent to the transfer of your data across borders, including to Canada, the European Union, the United States and the Bolivarian Republic of Venezuela, and acknowledge that data protection standards in some of those jurisdictions may differ from those in your own. CashCows applies contractual and technical safeguards to such transfers.

21.5 Where Applicable Law confers them, you have rights to access, correct, port, restrict, object to the processing of, and request erasure of your personal data, and to withdraw consent. Requests should be sent to support@cash-cows.com. Rights are subject to legal exceptions, in particular where retention is required for AML, tax or litigation purposes.

ON-CHAIN DATA CANNOT BE ERASED

Transactions recorded on the Solana blockchain — including wallet addresses, Bufala NFT mints and transfers, and token movements — are public, permanent and outside the control of CashCows. A request for erasure cannot be given effect in respect of on-chain data. CashCows will erase or de- link off-chain personal data where required, but cannot alter or delete the public ledger.

21.6 CashCows retains personal data for as long as necessary for the purposes described and for the period required by Applicable Law thereafter. CashCows will notify affected Users and the relevant authority of a personal data breach where required and within the period required.

21.7 The Platform uses cookies and similar technologies. The Privacy Policy and Cookie Notice published on the Platform set out further detail and form part of these Terms.

22. Taxes

22.1 You are solely responsible for determining, reporting and paying any tax arising from your acquisition, holding, transfer or disposal of a Bufala Interest or of $CASHCOWS, and from any Platform Distribution. This may include income tax, capital gains tax, value added tax, goods and services tax, withholding tax and any local equivalent.

22.2 CashCows does not provide tax advice and makes no representation as to the tax treatment of any transaction in any jurisdiction. The characterisation of fractional livestock co-ownership and of digital- asset distributions is unsettled in many jurisdictions and may change.

22.3 CashCows will withhold, deduct and remit tax where required by Applicable Law, and will report User information to tax authorities where required, including under any automatic exchange of information regime. You must provide any tax residency certification, self-certification or identification number reasonably requested.

22.4 Where CashCows incurs a tax, penalty or interest liability as a result of your failure to provide accurate tax information, you must reimburse CashCows on demand.

23. Intellectual Property

23.1 All intellectual property in the Platform — including the CashCows name, logo, brand assets, software, source code, database rights, interface designs, artwork, the Ranch World, the Livestream, documentation and all content — is owned by or licensed to CashCows and is protected by law.

23.2 CashCows grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable licence to access and use the Platform for your personal, non-commercial use in accordance with these Terms. No other rights are granted.

23.3 Ownership of a Bufala NFT confers a personal, non-exclusive licence to display the associated artwork and animal record for personal, non-commercial purposes and in connection with a permitted transfer. It confers no rights in the CashCows brand, no commercial exploitation right, and no right to create derivative works for commercial purposes.

23.4 You must not copy, modify, reverse engineer, decompile, scrape, data-mine, framing-embed or create derivative works from the Platform, nor use automated means to access it, except to the extent such restriction is prohibited by Applicable Law.

23.5 Where you submit content to the Platform — including display names, avatars, community posts and support correspondence — you grant CashCows a worldwide, royalty-free, perpetual, irrevocable, sublicensable licence to use, host, reproduce, adapt and display that content for the operation and promotion of the Platform. You warrant that you hold the necessary rights in that content.

24. Prohibited Conduct

24.1 You must not, and must not permit any person to:

• use the Platform for any unlawful purpose, or in breach of any sanctions, AML, securities, tax or consumer protection law;
• provide false, incomplete or misleading information, or impersonate any person or entity;
• operate multiple Accounts, or use another person's Account or credentials;
• manipulate the secondary market, engage in wash trading, spoofing, front-running, or coordinated price manipulation of $CASHCOWS or of Bufala Interests;
• exploit a bug, error, mispricing or vulnerability in the Platform, or fail to report one promptly on discovery;
• attempt to gain unauthorised access to the Platform, its infrastructure, other Users' Accounts, or the Farm;
• introduce malware, conduct denial-of-service activity, or interfere with the operation or security of the Platform;
• abuse referral, quest, leaderboard or promotional mechanics, including through automation or collusion;
• make any statement representing that CashCows guarantees a return, or that a Bufala Interest or $CASHCOWS is a security, investment fund, deposit or insured product;
• harass, threaten or abuse other Users, CashCows personnel, the Farm Operator or farm staff; or
• interfere with, endanger or attempt to access any animal, or use the Livestream to identify, locate or target the Farm, its staff or its animals.

25. Suspension, Termination and Dormancy

25.1 You may close your Account at any time by written notice to support@cash-cows.com, subject to the settlement of outstanding obligations and to the realisation or transfer of your Bufala Interests. Closure does not entitle you to a refund of the purchase price of a Bufala Interest or of the Programme contribution.

25.2 CashCows may suspend or restrict your Account, withhold Platform Distributions, and disable transfers, immediately and without prior notice, where: (a) it suspects fraud, market abuse, money laundering or breach of these Terms; (b) verification under clause 20 is outstanding; (c) it is required to do so by Applicable Law or by a competent authority; (d) necessary to protect the Platform, other Users, the Herd or CashCows; or (e) a security incident has occurred.

25.3 CashCows may terminate this agreement and close your Account on thirty (30) days' notice for convenience, or immediately for material breach, for conduct falling within clause 24, or where continued provision of the Services would breach Applicable Law.

25.4 On termination, CashCows will use reasonable efforts to enable you to transfer your Bufala Interests and Wallet assets, or, where transfer is not practicable, to realise your Bufala Interests at the Reference Price or the best price reasonably obtainable and remit the net proceeds to you, subject to fees, set- off, verification and Applicable Law.

25.5 An Account with no login and no transaction for twenty-four (24) consecutive months may be classified as dormant. CashCows will attempt to contact you at your registered address before applying any dormancy fee, and will deal with unclaimed property in accordance with Applicable Law.

25.6 Clauses 11, 16.5, 21, 22, 23, 26, 27, 28, 29, 30 and 31 survive termination.

26. Risk Acknowledgement

26.1 You acknowledge that you have read, understood and accepted the following risks, and that you are able to bear the total loss of any amount you commit.

27. Disclaimers

27.1 THE PLATFORM AND THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. To the maximum extent permitted by Applicable Law, CashCows disclaims all representations, warranties, conditions and terms, whether express, implied or statutory, including any implied warranty of merchantability, fitness for a particular purpose, title, quiet enjoyment, accuracy, availability, or non- infringement.

27.2 CashCows does not warrant that the Platform will be uninterrupted, timely, secure, error-free, or free of viruses; that defects will be corrected; that data will be accurate or complete; or that the Livestream will be available.

27.3 CashCows is not a bank, deposit-taking institution, investment dealer, portfolio manager, investment fund manager, exchange, insurer, or fiduciary. It provides no advisory service and owes you no fiduciary duty. No employee, contractor, agent, moderator, ambassador, influencer or community member is authorised to give financial, investment, legal or tax advice on behalf of CashCows, and CashCows is not bound by any such statement.

27.4 CashCows is not responsible for the acts, omissions, solvency, security or terms of any third party, including the Farm Operator, wallet infrastructure providers, payment processors, streaming vendors, exchanges, market makers, or any counterparty on the secondary market.

27.5 Nothing in these Terms excludes or limits liability for fraud, fraudulent misrepresentation, death or personal injury caused by negligence, or any liability that cannot be excluded or limited under Applicable Law. Where you deal as a consumer and mandatory consumer protection legislation applies to you, your statutory rights are unaffected.

28. Limitation of Liability

28.1 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, CASHCOWS, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFIT, REVENUE, BUSINESS, OPPORTUNITY, GOODWILL, ANTICIPATED SAVING, DATA, OR VALUE OF ANY DIGITAL ASSET OR BUFALA INTEREST, HOWEVER ARISING AND WHETHER OR NOT FORESEEABLE.

28.2 THE AGGREGATE LIABILITY OF CASHCOWS TO YOU, ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, THE PLATFORM, THE SERVICES, ANY BUFALA INTEREST, ANY DISTRIBUTION OR ANY $CASHCOWS, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STATUTE OR OTHERWISE, SHALL NOT IN ANY EVENT EXCEED THE GREATER OF (A) THE TOTAL MAINTENANCE FEES ACTUALLY PAID BY YOU TO CASHCOWS IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, AND (B) FIVE HUNDRED CANADIAN DOLLARS (CAD 500).

28.3 Without limitation, CashCows is not liable for: fluctuation in the value of any asset; the amount, timing or absence of any Platform Distribution; the death, illness, injury or reduced productivity of any animal; interruption of the Livestream; failure, outage, congestion or fork of the Solana network; the act, omission or insolvency of any third party; loss of private keys; unauthorised access resulting from your failure to secure your credentials; any event within clause 31.6; or any decision you make in reliance on information published on the Platform.

28.4 Each provision of this clause operates separately. If any part is held unenforceable, the remaining parts continue in full force.

28.5 Any claim must be brought within one (1) year of the date on which the cause of action arose, or within such longer period as Applicable Law mandatorily requires, failing which it is permanently barred.

29. Indemnification

29.1 YOU AGREE TO INDEMNIFY, DEFEND AND HOLD HARMLESS CASHCOWS, ITS AFFILIATES AND THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS AND AGENTS FROM AND AGAINST ALL CLAIMS, DEMANDS, ACTIONS, PROCEEDINGS, LOSSES, LIABILITIES, DAMAGES, FINES, PENALTIES, COSTS AND EXPENSES (INCLUDING REASONABLE LEGAL FEES ON A FULL INDEMNITY BASIS) ARISING OUT OF OR IN CONNECTION WITH: (a) your breach of these Terms; (b) your breach of Applicable Law; (c) your violation of the rights of any third party; (d) any tax liability attributable to you; (e) any content you submit; and (f) your use or misuse of the Platform.

29.2 CashCows will notify you of any claim to which this clause applies and may, at its option, assume the conduct of the defence at your cost. You must not settle any claim in a manner that admits liability on the part of CashCows without its prior written consent.

29.3 This clause survives termination of this agreement.

30. Governing Law and Dispute Resolution

30.1 These Terms, and any non-contractual obligation arising out of or in connection with them, are governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to conflict of laws principles.

30.2 Informal resolution. Before commencing any formal proceeding, you agree to contact CashCows at support@cash-cows.com setting out the nature of the dispute and the relief sought, and to engage in good-faith discussions for a period of thirty (30) days. Most matters are resolved at this stage.

30.3 Arbitration. Any dispute not resolved under clause 30.2 shall be referred to and finally resolved by binding arbitration administered in Toronto, Ontario, in the English language, before a single arbitrator, under the ADR Institute of Canada Arbitration Rules. The arbitrator's award is final and binding and judgment may be entered on it in any court of competent jurisdiction.

30.4 Consumer rights preserved. Nothing in clause 30.3 or 30.5 operates to deprive you of any right you have under mandatory consumer protection legislation applicable to you, including any right to bring or participate in proceedings before a court or tribunal, or to commence or participate in a class proceeding, where that legislation provides that such a right may not be waived. To that extent, and to that extent only, clauses 30.3 and 30.5 do not apply to you.

30.5 Class action waiver. Subject always to clause 30.4, disputes shall be resolved on an individual basis only. You and CashCows each waive any right to bring or participate in a class, collective, consolidated or representative proceeding, and the arbitrator may not consolidate claims or preside over any form of representative proceeding.

30.6 Notwithstanding the foregoing, either party may seek urgent injunctive or other equitable relief, and CashCows may bring proceedings for the protection of its intellectual property or the recovery of amounts owed, before any court of competent jurisdiction. You submit to the non-exclusive jurisdiction of the courts of Ontario for such purposes.

30.7 The United Nations Convention on Contracts for the International Sale of Goods does not apply to these Terms.

31. General Provisions

31.1 Amendment. CashCows may amend these Terms. Material amendments take effect on not less than thirty (30) days' notice given through the Platform and by e-mail to your registered address. Non- material amendments, and amendments required by Applicable Law or by a regulator, may take effect immediately. Your continued use of the Platform after an amendment takes effect constitutes acceptance. If you do not accept an amendment, you must cease use and may close your Account under clause 25.1.

31.2 Notices. Notices to you are validly given by e-mail to your registered address, by in-Platform message, or by publication on the Platform. Notices to CashCows must be sent to support@cash-cows.com. You must maintain a valid, monitored e-mail address.

31.3 Assignment. You may not assign, novate, charge or otherwise transfer these Terms or any right or obligation under them without our prior written consent. CashCows may assign or novate these Terms, in whole or in part, to any affiliate or to any successor in connection with a reorganisation, merger, acquisition or transfer of business, on notice to you.

31.4 Entire agreement. These Terms, together with the Privacy Policy, the Cookie Notice, the fee schedule, the Programme Schedule and any product-specific terms, constitute the entire agreement between you and CashCows in respect of their subject matter and supersede all prior communications, representations, marketing statements and understandings, whether oral or written. Nothing in this clause limits liability for fraudulent misrepresentation.

31.5 Severability and waiver. If any provision is held invalid, illegal or unenforceable, it shall be severed or read down to the minimum extent necessary and the remaining provisions continue in full force. No failure or delay by CashCows in exercising a right operates as a waiver of it, and no single or partial exercise precludes any further exercise.

31.6 Force majeure. CashCows is not liable for any failure or delay in performance caused by an event beyond its reasonable control, including act of God, fire, flood, drought, storm, earthquake, epidemic, epizootic or animal disease outbreak, war, terrorism, insurrection, civil unrest, expropriation, requisition, nationalisation, sanction, embargo, currency control, governmental or regulatory action, strike, failure of electrical supply or telecommunications, blockchain network failure or fork, cyber- attack, or failure of a third-party service provider.

31.7 No third-party rights. Except for the indemnified persons named in clause 29, a person who is not a party to these Terms has no right to enforce any of its provisions.

31.8 Relationship. Nothing in these Terms creates a partnership, joint venture, employment or fiduciary relationship between you and CashCows, other than the limited agency expressly created by clause 9.1.

31.9 Language. These Terms are made in the English language. Any translation is provided for convenience only, and in the event of any inconsistency the English text prevails.

31.10 Headings and interpretation. Headings are for convenience only and do not affect interpretation. "Including" means "including without limitation". References to a statute include that statute as amended or replaced.

31.11 Complaints. Complaints should be addressed to support@cash-cows.com. CashCows will acknowledge a complaint within five (5) business days and will provide a substantive response within thirty (30) days.

ISSUED BY

Cashcows Labs Ltd. — operator of the CashCows platform, treasury and token, operating between Toronto, Ontario, Canada, and Apure, Bolivarian Republic of Venezuela. These Terms are effective from 12 August 2026 and remain in force until amended or replaced in accordance with clause 31.1.

SUPPORT & NOTICES

support@cash-cows.com

PLATFORM

app.cash-cows.com

WEBSITE

cash-cows.com

CHANNELS

linktr.ee/cashcowsoffical