Terms and Conditions

These Terms and Conditions ("Terms", "Agreement") constitute a legally binding contract between you (whether individually or on behalf of a commercial entity, referred to as "User", "you", or "your") and Ultra Multipurpose Technology Limited ("Ultra", "Company", "we", "us", or "our").

These Terms govern your access to and use of Ultra's website, mobile applications, digital wallet interfaces, dynamic counter QR payment services, and associated financial technology solutions (collectively, the "Services").

The following terminology applies throughout these Terms and Conditions:

• "Account": means a unique personal or business digital profile created by you on Ultra to access our multi-currency, payment, and settlement features.
• "Business Account": means an account registered by an eligible registered or unregistered seller, freelancer, digital company, or corporate organization with dedicated KYB verification.
• "Digital Assets": means cryptographically secured virtual currencies, stablecoins (such as USDT, USDC), and digital tokens supported on the Ultra platform.
• "Fiat Currency": means government-issued legal tender including Nigerian Naira (NGN), United States Dollars (USD), Euros (EUR), and British Pounds (GBP).
• "Dynamic Counter QR Code": means proprietary on-screen or physical point-of-sale QR codes generated by Ultra that allow buyers to scan and pay in fiat or crypto with automatic settlement.
• "Licensed Banking Partners": means regulated commercial banks, licensed payment service providers, custodians, and card issuers with whom Ultra collaborates to execute regulated fiat banking services.

To register an Account and utilize Ultra Services, you must satisfy the following criteria:

• Be an individual at least eighteen (18) years of age or possess legal majority under the laws of your jurisdiction.
• Possess full legal authority and mental capacity to enter into a binding contract.
• Not be a resident of, or located in, any sanctioned country or territory under applicable domestic or international sanctions lists (OFAC, UN, FATF).
• Not have previously had an Ultra account suspended, restricted, or terminated for fraudulent activity or breach of terms.

When registering, you agree to provide authentic, accurate, current, and complete information, and to update such information promptly whenever alterations occur.

To comply with Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and central banking regulations, Ultra mandates identity verification tiers:

Ultra reserves the absolute right to impose transaction caps, freeze pending payouts, or deny access if submitted documents fail automated or manual verification.

Ultra offers a next-generation Web3 banking experience designed for borderless personal and business commerce:

• Multi-currency wallets allowing simultaneous storage and management of fiat and digital asset balances.
• Peer-to-peer and international money transfers across supported payment corridors.
• Dynamic counter QR codes and digital invoice links for in-store and online merchants.
• Virtual and physical payment debit cards provisioned through certified partner card schemes.

Your Ultra wallet reflects the available balance of supported currencies credited to your account. Balances are not insured by national deposit insurance corporations unless explicitly declared by a partner banking custodian.

You may swap between supported fiat currencies and digital assets at published live exchange rates. All foreign exchange conversions are executed in real time based on transparent market rates with clearly displayed conversion spreads.

For business accounts, Ultra provides dynamic counter QR codes and digital invoices allowing end-customers to pay using fiat or supported cryptocurrencies.

Merchants choose their preferred settlement currency. When a sale occurs, the system batches and settles the net transaction amount into the merchant's designated wallet balance.

Settled funds may be retained in your business wallet or withdrawn directly to your registered commercial bank account whenever you choose. Timing of bank payouts is subject to domestic clearing cycles and partner bank cut-off schedules.

Digital asset transactions are executed directly over decentralized blockchain protocols. You acknowledge that blockchain transfers are irreversible once confirmed by the underlying network.

Ultra has no capacity to reverse, cancel, or recall digital asset transfers sent to an erroneous, unsupported, or incompatible blockchain wallet address. You are solely responsible for verifying recipient addresses and network identifiers prior to initiating transfers.

Applicable fees for transfers, currency conversions, card issuance, and merchant checkout processing are presented clearly prior to transaction authorization.

By authorizing a transaction, you agree to pay all applicable fees and authorize Ultra to automatically deduct such charges from the transaction value or your account balance.

You are responsible for safeguarding your login credentials, passcodes, biometric authentication access, and two-factor authentication devices.

Any action executed under your account credentials will be deemed executed by you. If you suspect unauthorized access or compromised security, you must notify Ultra immediately at [email protected].

You agree not to use Ultra Services for any unlawful purpose, including:

• Money laundering, terrorist financing, tax evasion, or trade sanctions evasion.
• Purchase or distribution of illegal substances, weapons, or counterfeit goods.
• Pyramid schemes, Ponzi arrangements, fraudulent ICOs, or market manipulation.
• Interfering with platform security, reverse engineering source code, or deploying automated crawlers without written consent.

All proprietary content, trademarks, service marks, source code, visual UI designs, algorithms, and documentation on the Ultra platform are the exclusive property of Ultra Multipurpose Technology Limited or its licensors.

You are granted a revocable, non-exclusive, non-transferable personal license to access our application strictly in compliance with these Terms. No rights are granted by implication or estoppel.

Ultra reserves the right to immediately suspend, restrict, or terminate your Account without prior notice if:

• You violate any material provision of these Terms or our policies.
• We detect suspicious activity, fraud indicators, or high-risk AML alerts.
• Required by a valid order from a court, central bank, or law enforcement agency.

THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ULTRA AND ITS DIRECTORS, OFFICERS, EMPLOYEES, AND PARTNERS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR DIGITAL ASSET VALUE RESULTING FROM MARKET VOLATILITY, NETWORK CONGESTION, OR THIRD-PARTY OUTAGES.

You agree to defend, indemnify, and hold harmless Ultra Multipurpose Technology Limited, its subsidiaries, affiliates, and partners from and against any claims, liabilities, damages, losses, or legal costs arising out of your breach of these Terms, your violation of third-party rights, or your misuse of our Services.

These Terms and any dispute or controversy arising out of or in connection with them shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without giving effect to conflicts of law principles.

Any dispute that cannot be resolved amicably within thirty (30) days of formal notice shall be submitted to final and binding arbitration in accordance with the Arbitration and Mediation Act, conducted in the English language.

We reserve the right to modify these Terms at our discretion. Revisions become effective upon publication. Continued use of our Services after revisions constitutes full acceptance of the updated Terms.