Terms of Use (Atom)

END USER LICENSE AGREEMENT / TERMS OF USE

BEAM MARKET TECHNOLOGIES LIMITED

Last Updated: 20th May, 2026

These End User License Agreement and Terms of Use (“Terms”) govern your access to and use of the Beam mobile application, web application, platform, APIs, software, products and related services (collectively, the “Platform”) operated by Beam Market Technologies Limited (“Beam”, “Atom”, “we”, “our” or “us”).

By downloading, accessing, registering on, or using the Platform, you acknowledge that you have read, understood and agree to be legally bound by these Terms, our Privacy Policy and all applicable laws and regulations.

If you do not agree to these Terms, you must not access or use the Platform.

1. DEFINITIONS

In these Terms, unless the context otherwise requires:

“Account” means a user account created on the Platform.

“Applicable Laws” means all applicable Nigerian laws, foreign laws, securities laws, anti-money laundering laws, sanctions regulations, consumer protection laws, data protection laws, virtual asset laws and regulations applicable to the Services.

“Beam Wallet” means any hosted or integrated wallet infrastructure made available through the Platform.

“Collateral Assets” means stocks, securities, cryptocurrencies, digital assets or any other assets pledged by a User as collateral for credit facilities.

“Crednet” means Crednet Technologies Limited, the digital lender providing lending services through the Platform.

“Crypto Services” means cryptocurrency purchase, sale, transfer and related services facilitated through licensed third-party providers.

“Magnartis” means Magnartis Finance & Investment Ltd, the licensed Nigerian broker/dealer facilitating securities-related services.

“Quidax” means Quidax Technologies Limited, the licensed virtual asset service provider facilitating crypto-related services.

“Services” means all products and services accessible through the Platform including lending, crypto trading, securities trading and ancillary services.

“US Broker” means Alpaca Securities LLC or any successor or affiliated broker used for U.S. securities trading services.

“User”, “you” or “your” means any person accessing or using the Platform.

2. ELIGIBILITY

You represent and warrant that:

1. You are at least eighteen (18) years old and possess full legal capacity;

2. You are not prohibited by any Applicable Law from using the Services;

3. You are not located in, under the control of, or a resident of any sanctioned or prohibited jurisdiction;

4. All information provided by you is accurate, complete and current;

5. You will use the Platform only for lawful purposes.

Beam reserves the right to refuse access to any User at its sole discretion.

3. NATURE OF THE PLATFORM

Beam is a technology platform that facilitates access to financial and investment products provided by regulated third-party partners.

Beam does not:

• act as a bank;
• hold itself out as a licensed securities exchange;
• guarantee profits or investment performance;
• provide fiduciary services;
• provide investment advice unless expressly stated otherwise in writing.

Certain Services available on the Platform are provided directly by regulated third parties and are subject to additional agreements, disclosures and regulatory requirements.

4. ACCOUNT REGISTRATION AND KYC

To access certain Services, you must create an Account and complete identity verification procedures.

You agree to provide:

• valid government-issued identification;
• biometric verification where required;
• proof of address;
• tax information;
• source of funds information;
• any additional information requested for compliance purposes.

Beam and its partners may conduct:

• Know Your Customer (KYC) checks;
• Anti-Money Laundering (AML) screenings;
• sanctions screenings;
• fraud prevention checks;
• politically exposed person (PEP) reviews.

Failure to complete verification may result in suspension, restriction or termination of your access to the Platform.

5. ASSET-BACKED LENDING SERVICES

5.1 Lending Structure

Lending services made available on the Platform are provided by Crednet.

Beam provides technology infrastructure and collateral management systems that enable:

• collateralization of approved assets;
• monitoring of pledged assets;
• creation and enforcement of security interests;
• lien management;
• automated collateral liquidation processes.

5.2 Collateral Authorization

By using the lending services, you irrevocably authorize Beam, Crednet and their agents to:

• place liens, encumbrances and security interests over your pledged assets;
• freeze, restrict or lock pledged assets;
• transfer pledged assets where necessary for collateral management;
• liquidate pledged assets upon default or margin breach events;
• exercise all rights necessary to perfect and enforce security interests.

5.3 Margin Calls and Liquidation

You acknowledge and agree that:

• collateral asset values may fluctuate rapidly;
• Beam or Crednet may require additional collateral at any time;
• automatic liquidation may occur without prior notice;
• liquidation may occur during periods of market volatility;
• you remain liable for any deficiency after liquidation.

Beam and Crednet shall not be liable for losses arising from collateral liquidation.

5.4 No Guarantee of Loan Approval

Loan applications are subject to:

• risk assessment;
• collateral adequacy;
• regulatory checks;
• internal underwriting policies.

Submission of an application does not guarantee approval.

5.5 Interest and Fees

• You agree to pay:
• applicable interest;
• default interest;
• platform fees;
• liquidation fees;
• transfer charges;
• taxes and regulatory charges.

Applicable charges shall be disclosed before loan disbursement.

6. CRYPTOCURRENCY SERVICES

6.1 Third-Party Provider

Crypto Services are facilitated through Quidax in accordance with Quidax Terms of Use.

You acknowledge that:

• Beam does not directly issue cryptocurrencies;
• crypto transactions are facilitated through third-party regulated entities;
• crypto markets are highly volatile and risky.

6.2 Crypto Risks

You acknowledge and accept the risks associated with digital assets, including:

• extreme volatility;
• technological vulnerabilities;
• hacking;
• blockchain failures;
• smart contract risks;
• regulatory changes;
• irreversible transactions;
• market manipulation;
• cybersecurity incidents.

You assume full responsibility for all crypto trading decisions.

6.3 No Reversal

Cryptocurrency transactions are generally irreversible once broadcast to the blockchain.

Beam shall not be liable for:

• incorrect wallet addresses;
• mistaken transfers;
• unsupported assets;
• blockchain delays or failures.

6.4 Regulatory Restrictions

Beam may suspend or restrict crypto services in response to:

• regulatory directives;
• sanctions;
• suspicious activity;
• compliance obligations.

7. U.S. SECURITIES TRADING

7.1 Brokerage Services

Trading in U.S. securities is facilitated through Alpaca Securities and Magnartis. Execution, custody and brokerage services may be provided by regulated third-party entities.

7.2 Investment Risks

You understand that:

• securities investments involve risk;
• prices may rise or fall;
• past performance is not indicative of future results;
• you may lose some or all invested capital.
• Beam does not guarantee investment returns.

7.3 Market Data

Market data displayed on the Platform may be delayed, incomplete or inaccurate.

Beam does not warrant the accuracy or timeliness of market data.

7.4 Fractional Shares

Where fractional investing is enabled:

• Users may hold fractional interests in securities;
• transferability restrictions may apply;
• voting rights may be limited.

7.5 Regulatory Compliance

You agree to comply with:

• U.S. securities laws;
• Nigerian securities laws;
• tax reporting obligations;
• cross-border investment regulations.

Click here to view the terms and conditions for buying and selling US securities.

8. NIGERIAN SECURITIES SERVICES

8.1 Nigerian Securities Trading

Users may access Nigerian securities trading services through infrastructure powered by Magnartis and integrated trading systems.

8.2 Exchange and Broker Rules

All securities transactions are subject to:

• Nigerian Exchange rules;
• SEC Nigeria regulations;
• broker/dealer rules;
• clearing and settlement rules.

8.3 Settlement and Execution

Execution times, settlement periods and trade confirmations may vary depending on market conditions and exchange rules.

Beam does not guarantee uninterrupted trading access.

9. USER OBLIGATIONS

You agree that you shall not:

• violate any Applicable Law;
• engage in market manipulation;
• engage in insider trading;
• use the Platform for fraud or money laundering;
• circumvent security controls;
• upload malicious software;
• interfere with Platform operations;
• use automated bots without authorization;
• impersonate another person;
• exploit vulnerabilities;
• infringe intellectual property rights.

You remain solely responsible for:

• your investment decisions;
• safeguarding login credentials;
• maintaining device security;
• all activities conducted through your Account.

10. LICENSE GRANT

Subject to these Terms, Beam grants you a limited, revocable, non-exclusive, non-transferable license to access and use the Platform solely for personal and lawful purposes.

You shall not:

• reverse engineer the Platform;
• copy or modify the software;
• sublicense the Platform;
• create derivative works;
• exploit the Platform commercially without authorization.

11. INTELLECTUAL PROPERTY

All rights, title and interest in the Platform, including:

• software;
• APIs;
• trademarks;
• logos;
• interfaces;
• designs;
• algorithms;
• proprietary systems;
• content,

remain the exclusive property of Beam and its licensors.

No rights are granted except as expressly stated in these Terms.

12. PRIVACY AND DATA PROCESSING

Your personal data shall be processed in accordance with Beam’s Privacy Policy and Applicable Laws, including the Nigeria Data Protection Act and other relevant data protection regulations.

You consent to Beam sharing your information with:

• Crednet;
• Quidax;
• Alpaca Securities;
• Magnartis;
• regulators;
• law enforcement agencies;
• compliance service providers;
• identity verification providers.

Beam may monitor transactions and communications for:

• compliance;
• fraud prevention;
• security purposes.

13. FEES, TAXES AND CHARGES

You authorize Beam and its partners to deduct applicable:

• fees;
• commissions;
• spreads;
• interest;
• taxes;
• exchange charges;
• custody charges;
• withdrawal charges;
• regulatory levies.

You are solely responsible for determining and paying taxes applicable to your activities.

14. THIRD-PARTY SERVICES

The Platform may integrate third-party services, APIs, products and websites.

Beam does not control and is not responsible for:

• third-party services;
• brokerage operations;
• blockchain networks;
• market outages;
• exchange disruptions;
• custodial failures.

Your use of third-party services may be subject to separate agreements.

15. DISCLAIMERS

THE PLATFORM AND SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE”.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BEAM DISCLAIMS ALL WARRANTIES, INCLUDING:

• MERCHANTABILITY;
• FITNESS FOR A PARTICULAR PURPOSE;
• NON-INFRINGEMENT;
• CONTINUOUS AVAILABILITY;
• ACCURACY OF INFORMATION;
• SECURITY OF THIRD-PARTY SYSTEMS.

Beam does not guarantee:

• uninterrupted access;
• error-free operation;
• profitability;
• preservation of asset value.

16. LIMITATION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BEAM, ITS AFFILIATES, DIRECTORS, EMPLOYEES, PARTNERS AND AGENTS SHALL NOT BE LIABLE FOR:

• INDIRECT DAMAGES;
• LOSS OF PROFITS;
• LOSS OF DATA;
• TRADING LOSSES;
• MARKET LOSSES;
• LOSS OF OPPORTUNITY;
• BUSINESS INTERRUPTION;
• SECURITY BREACHES CAUSED BY THIRD PARTIES.

Beam’s aggregate liability arising from these Terms shall not exceed the total fees paid by you to Beam in the six (6) months preceding the event giving rise to the claim.

17. INDEMNITY

You agree to indemnify and hold harmless Beam, Crednet, Quidax, Alpaca Securities, Magnartis and their affiliates from all claims, liabilities, damages, penalties, losses and expenses arising from:

• your breach of these Terms;
• your misuse of the Platform;
• violation of Applicable Laws;
• disputes relating to your transactions;
• tax liabilities;
• unauthorized use of your Account.

18. SUSPENSION AND TERMINATION

Beam may suspend, restrict or terminate your Account immediately where:

• required by law;
• suspicious activity is detected;
• compliance concerns arise;
• you breach these Terms;
• fraud is suspected;
• security risks are identified.

Beam may also freeze assets where legally required.

Termination does not extinguish accrued obligations or liabilities.

19. FORCE MAJEURE

Beam shall not be liable for delays or failures caused by events beyond its reasonable control including:

• cyberattacks;
• regulatory actions;
• internet failures;
• exchange outages;
• blockchain congestion;
• acts of government;
• natural disasters;
• war;
• labor disputes.

20. COMPLAINTS AND DISPUTE RESOLUTION

Complaints may be submitted through Beam’s designated support channels.

Parties shall first attempt amicable resolution in good faith.

Any dispute arising from these Terms shall be resolved by arbitration in Lagos, Nigeria in accordance with the Arbitration and Mediation Act, 2023.

The arbitration shall:

• be conducted in English;
• be before a single arbitrator;
• remain confidential.

Nothing prevents Beam from seeking injunctive relief in a competent court.

21. GOVERNING LAW

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.

22. AMENDMENTS

Beam may amend these Terms from time to time.

Updated Terms become effective upon publication on the Platform.

Continued use of the Platform constitutes acceptance of revised Terms.

23. ELECTRONIC COMMUNICATIONS

You consent to receive notices, disclosures and communications electronically through:

• email;
• SMS;
• push notifications;
• in-app notices.

Electronic communications satisfy legal communication requirements.

24. RISK DISCLOSURE

You acknowledge that:

• digital assets are highly speculative;
• securities investments involve risk;
• leveraged lending may amplify losses;
• collateral liquidation may occur rapidly;
• regulatory changes may affect asset availability;
• cross-border investing may involve additional risks.

You confirm that you understand and accept all associated risks before using the Services.

25. SEVERABILITY

If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

26. ASSIGNMENT

Beam may assign or transfer its rights and obligations under these Terms without restriction.

You may not assign your rights or obligations without Beam’s prior written consent.

27. ENTIRE AGREEMENT

These Terms, together with all incorporated policies and disclosures, constitute the entire agreement between you and Beam regarding the Platform.

28. CONTACT INFORMATION

For inquiries or complaints, contact:

Beam Market Technologies Limited

Email: [support@beammarket.com]

Address: [●]

Website: [●]

29. ACKNOWLEDGEMENT

BY ACCESSING OR USING THE PLATFORM, YOU ACKNOWLEDGE THAT YOU:

• HAVE READ THESE TERMS;
• UNDERSTAND THE RISKS ASSOCIATED WITH THE SERVICES;
• AGREE TO BE LEGALLY BOUND BY THESE TERMS;
• CONSENT TO ELECTRONIC EXECUTION AND RECORDS.