TERMS OF SERVICE

PLEASE READ THESE TERMS OF SERVICE (“Terms”) CAREFULLY BEFORE USING

THE SERVICES AND SOFTWARE DESCRIBED HEREIN. BY SELECTING “I AGREE”,
USING OUR SERVICES OR DOWNLOADING OR USING NICEHASH MINING
SOFTWARE, YOU ARE ACKNOWLEDGING THAT YOU HAVE READ THESE TERMS
AND YOU ARE AGREEING TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO
THESE TERMS, DO NOT USE OUR SERVICES OR DOWNLOAD OR USE THE
NICEHASH MINING SOFTWARE.

GENERAL

NiceHash operates as an intermediate service for providing hashing power from Hashing
power providers to Hashing power buyers. NiceHash does not directly provide its own
hashing power, but only provides Hashing power marketplace. NiceHash Miner and
Excavator are software products developed by NiceHash which enable Hashing power
providers to point their Hashing power rigs towards NiceHash stratum servers and sell
their hashing power to Hashing power buyers. These Terms and any terms expressly
incorporated herein apply to your access and use of the NiceHash Websites, NiceHash
API and mobile applications provided by NiceHash as well as your use of NiceHash
Services and NiceHash Mining Software.

DEFINITIONS

Capitalized terms will have the following meaning:

NiceHash means H-BIT, d.o.o., a limited liability company organized and existing under
the laws of Slovenia, with registered address at Obrežna ulica 3, 2312 Orehova vas,
Slovenia, registration number: 6633994000, VAT number: SI 28401280 which is the
NiceHash Service provider, provider of Hashing power marketplace and developer of the
NiceHash Mining Software, hereinafter referred to as “NiceHash”, as well as “we” or “
us”.

Hashing power marketplace means an infrastructure provided by the NiceHash which

enables the Hashing power providers to point their rigs towards NiceHash stratum
servers where Hashing power provided by different Hashing power providers is gathered
and sold as generic Hashing power to the Hashing power buyers.

Hashing power buyer means a legal entity or individual who buys the gathered and
generic hashing power on the Hashing power marketplace from undefined Hashing
power providers.
Hashing power provider means a legal entity or individual who sells his hashing power
on the Hashing power marketplace to undefined Hashing power buyers.

NiceHash Website means a website located on the following web address:

www.nicehash.com.

NiceHash API means an Application Protocol Interface, accessible at

api.nicehash.com/api.

NiceHash Account means an online account available on the NiceHash Website and
created by completing the registration procedure on the NiceHash Website.

Account holder means a legal entity or individual who completes the registration
procedure and successfully creates the NiceHash Account.

NiceHash Wallet means a wallet created automatically for the Account holder and
provided by the NiceHash Wallet provider. NiceHash only transfers Account holder’s
requests regarding the NiceHash Wallet to the NiceHash Wallet provider. NiceHash is
not a NiceHash Wallet provider and only acts on behalf of the Account holder and for
Account holder’s account. NiceHash Wallet is used to provide payments for the acquired
hashing power on the Hashing power marketplace by the Hashing power buyers and to
provide payments for the provided hashing power on the Hashing power marketplace to
the Hashing power providers, if selected so by the Hashing power providers.

NiceHash Wallet provider is a third party which provides and manages the NiceHash
Wallet. For more information about the NiceHash Wallet provider, see the following
website: https://www.bitgo.com/.

NiceHash Services mean all services provided by the NiceHash, namely but not limited
to providing of the Hashing power marketplace, NiceHash API, NiceHash Mining
Software including licence for NiceHash Miner and Excavator, NiceHash Website,
NiceHash Account and all other software products, applications and services associated
with these products.

NiceHash Mining Software means NiceHash Miner and Excavator.

NiceHash Miner means a comprehensive software with graphical user interface and
command line interface, developed by NiceHash which enables the Hashing power
providers to point their rigs towards NiceHash stratum servers and sell their hashing
power to the Hashing power buyers. NiceHash Miner means also any and all of its
source code, compilations, updates, upgrades, modifications, error corrections, patches
and bug fixes and similar.
Excavator means a low-level software with command line interface, developed by
NiceHash which enables the Hashing power providers to point their rigs towards
NiceHash stratum servers and sell their hashing power to the Hashing power buyers.
Excavator means also any and all of its source code, compilations, updates, upgrades,
modifications, error corrections, patches and bug fixes and similar.

Hashing power rig means all hardware which produces hashing power that represents
computation power which is required to calculate the hash function of different type of
cryptocurrency.

Secondary account is an account managed by third party from which the Account
holder deposits funds to his NiceHash Wallet or/and to which the Account holder
withdraws funds from his NiceHash Wallet.

Stratum is a lightweight mining protocol: https://slushpool.com/help/manual/stratum-

protocol .

Blockchain network is a distributed database that is used to maintain a continuously

growing list of records, called blocks.

Force Majeure Event means any governmental or relevant regulatory regulations, acts
of God, war, riot, civil commotion, fire, flood, or any disaster or an industrial dispute of
workers unrelated to you or NiceHash. Any act, event, omission, happening or non-
happening will only be considered Force Majeure if it is not attributable to the wilful act,
neglect or failure to take reasonable precautions of the affected party, its agents,
employees, consultants, contractors and sub-contractors.

SERVICE ELIGIBILITY

NiceHash Services are not for use by anyone under the age of 16.

Users who were below this new Minimum Age when they started using NiceHash
Services under our previous Terms of Service may continue to use them, as they have
already reached the new Minimum Age since then or will reach it in the near future.

“Minimum Age” means 16 years old. However, if law requires that you must be older in
order for NiceHash to lawfully provide the Services to you without parental consent
(including using of your personal data) then the Minimum Age is such older age.

SALE AND PURCHASE OF HASHING POWER

Hashing power providers agree to sell and NiceHash agrees to proceed Hashing power
buyers’ payments for the provided hashing power on the Hashing power marketplace, on
the Terms set forth herein. According to the applicable principle get-paid-per-valid-share
(pay as you go principle) Hashing power providers will be paid only for validated and
accepted hashing power to their NiceHash Wallet or other wallet, as indicated in Account
holder’s profile settings or in stratum connection username. In some cases, no Hashing
power is sent to Hashing power buyers or is accepted by NiceHash Services, even if
Hashing power is generated on the Hashing power rigs. These cases include usage of
slower hardware as well as software, hardware or network errors. In these cases,
Hashing power providers are not paid for such Hashing power.

Hashing power buyers agree to purchase and NiceHash agrees to process the order
and forward the purchased hashing power on the Hashing power marketplace, on the
Terms set forth herein. According to the applicable principle pay-per-valid-share (pay as
you go principle) Hashing power buyers will pay from their NiceHash Wallet only for the
hashing power that was validated by our engine. When connection to the mining pool
which is selected on the Hashing power order is lost or when an order is cancelled
during its lifetime, Hashing power buyer pays for additional 10 seconds worth of hashing
power. Hashing power order is charged for extra hashing power when mining pool which
is selected on the Hashing power order, generates rapid mining work changes and/or
rapid mining job switching.

All payments including any fees will be processed in crypto currency and NiceHash does
not provide an option to sale and purchase of the hashing power in fiat currency.

RISK DISCLOSURE

If you choose to use NiceHash Services and NiceHash Wallet, it is important that you
remain aware of the risks involved, that you have adequate technical resources and
knowledge to bear such risks and that you monitor your transactions carefully.

GENERAL RISK

You understand that NiceHash Services, blockchain technology, Bitcoin, all other
cryptocurrencies and cryptotokens, proof of work concept and other associated and
related technologies are new and untested and outside of NiceHash’s control. You
acknowledge that there are major risks associated with these technologies. In addition to
the risks disclosed below, there are risks that NiceHash cannot foresee and it is
unreasonable to believe that such risk could have been foreseeable. The performance of
NiceHash’s obligation under these Terms will terminate if market or technology
circumstances change to such an extent that (i) these Terms clearly no longer comply
with NiceHash’s expectations, (ii) it would be unjust to enforce NiceHash’s obligations in
the general opinion or (iii) NiceHash’s obligation becomes impossible.
NICEHASH ACCOUNT ABUSE

You acknowledge that there is risk associated with the NiceHash Account abuse and that
you have been full informed and warned about it. The funds stored in the NiceHash
Wallet may be disposed by third party in case the third party obtains the Account
holder’s login credentials. The Account holder shall protect his login credentials and his
electronic devices where the login credentials are stored against unauthorized access.

REGULATORY RISK

You acknowledge that there is risk associated with future legislation which may restrict,
limit or prohibit certain aspects of blockchain technology which may result also in
restriction, limitation or prohibition of NiceHash Services and that you have been fully
informed and warned about it.

RISK OF HACKING

You acknowledge that there is risk associated with hacking NiceHash Services and
NiceHash Wallet and that you have been fully informed and warned about it. Hacker or
other groups or organizations may attempt to interfere with NiceHash Services or
NiceHash Wallet in any way, including without limitation denial of services attacks, Sybil
attacks, spoofing, smurfing, malware attacks, mining attacks or consensus-based
attacks.

CRYPTOCURRENCY RISK

You acknowledge that there is risk associated with the cryptocurrencies which are used
as payment method and that you have been fully informed and warned about it.
Cryptocurrencies are prone to, but not limited to, value volatility, transaction costs and
times uncertainty, lack of liquidity, availability, regulatory restrictions, policy changes and
security risks.

NICEHASH WALLET RISK

You acknowledge that there is risk associated with funds held on the NiceHash Wallet
and that you have been fully informed and warned about it. You acknowledge that
NiceHash Wallet is provided by NiceHash Wallet provider and not NiceHash. You
acknowledge and agree that NiceHash shall not be responsible for any NiceHash Wallet
provider’s services, including their accuracy, completeness, timeliness, validity, copyright
compliance, legality, decency, quality or any other aspect thereof. NiceHash does not
assume and shall not have any liability or responsibility to you or any other person or
entity for any Hash Wallet provider’s services. Hash Wallet provider’s services and links
thereto are provided solely as a convenience to you and you access and use them
entirely at your own risk and subject to NiceHash Wallet provider’s terms and conditions.
Since the NiceHash Wallet is a cryptocurrency wallet all funds held on it are entirely
uninsured in contrast to the funds held on the bank account or other financial institutions
which are insured.

CONNECTION RISK

You acknowledge that there are risks associated with usage of NiceHash Services which
are provided through internet including, but not limited to, the failure of hardware,
software, configuration and internet connections and that you have been fully informed
and warned about it. You acknowledge that NiceHash will not be responsible for any
configuration, connection or communication failures, disruptions, errors, distortions or
delays you may experience when using NiceHash Services, howsoever caused.

HASHING POWER PROVISION RISK

You acknowledge that there are risks associated with the provisions of the hashing
power which is provided by the Hashing power providers trough Hashing power
marketplace and that you have been fully informed and warned about it. You
acknowledge that NiceHash does not provide the hashing power but only provides the
Hashing power marketplace as a service. Hashing power providers’ Hashing power rigs
are new and untested and outside of NiceHash’s control. There is a major risk that the
Hashing power rigs (i) will stop providing hashing power, (ii) will provide hashing power
in an unstable way, (iii) will be wrongly configured or (iv) provide insufficient speed of the
hashing power. Hashing power rigs as hardware could be subject of damage, errors,
electricity outage, misconfiguration, connection or communication failures and other
malfunctions. NiceHash will not be responsible for operation of Hashing power rigs and
its provision of hashing power. By submitting a Hashing power order you agree to
Hashing power no-refund policy – all shares forwarded to mining pool, selected on the
Hashing power order are final and non-refundable.

HASHING POWER PROFITABILITY RISK

You acknowledge that there is risk associated with the profitability of the hashing power
provision and that you have been fully informed and warned about it. You acknowledge
that all Hashing power rig’s earning estimates and profitability calculations on NiceHash
Website are only for informational purposes and were made based on the Hashing
power rigs set up in the test environments. NiceHash does not warrant that your Hashing
power rigs would achieve the same profitability or earnings as calculated on NiceHash
Website. There is risk that your Hashing power rig would not produce desired hashing
power quantity and quality and that your produced hashing power would differentiate
from the hashing power produced by our Hashing power rigs set up in the test
environments. There is risk that your Hashing power rigs would not be as profitable as
our Hashing power rigs set up in the test environments or would not be profitable at all.
WARRANTIES

NiceHash Services are provided on “AS IS” and “AS AVAILABLE” basis and with all
faults and defects. To the maximum extent permitted by applicable law, NiceHash makes
no representations and warranties and you waive all warranties of any kind. Particularly,
without limiting the generality of the foregoing, the NiceHash makes no representations
and warranties, whether express, implied, statutory or otherwise regarding NiceHash
Services or other services related to NiceHash Services and provided by third parties,
including any warranty that such services will be uninterrupted, harmless, secure or not
corrupt or damaged, meet your requirements, achieve any intended results, be
compatible or work with any other software, applications, systems or services, meet any
performance or error free or that any errors or defects can or will be corrected.
Additionally NiceHash makes no representations and warranties, whether express,
implied, statutory or otherwise of merchantability, suitability, reliability, availability,
timeliness, accuracy, satisfactory quality, fitness for a particular purpose or quality, title
and non-infringement with respect to any of the NiceHash Services or other services
related to NiceHash Services and provided by third parties, or quiet enjoyment and any
warranties arising out of any course of dealing, course of performance, trade practice or
usage of NiceHash Services including information, content and material contained
therein.

Especially NiceHash makes no representations and warranties, whether express,

implied, statutory or otherwise regarding any payment services and systems, NiceHash
Wallet which is provided by third party or any other financial services which might be
related to the NiceHash Services.

You acknowledge that you do not rely on and have not been induced to accept the
NiceHash Services according to these Terms on the basis of any warranties,
representations, covenants, undertakings or any other statement whatsoever, other than
expressly set out in these Terms that neither the NiceHash nor any of its respective
agents, officers, employees or advisers have given any such warranties,
representations, covenants, undertakings or other statements.

LIABILITY

NiceHash and their respective officers, employees or agents will not be liable to you or
anyone else, to the maximum extent permitted by applicable law, for any damages of
any kind, including, but not limited to, direct, consequential, incidental, special or indirect
damages (including but not limited to lost profits, trading losses or damages that result
from use or loss of use of NiceHash Services or NiceHash Wallet), even if NiceHash has
been advised of the possibility of such damages or losses, including, without limitation,
from the use or attempted use of NiceHash Services, NiceHash Wallet or other related
websites or services.

NiceHash does not assume any obligations to users in connection with the unlawful
alienation of Bitcoins, which occured on 6. 12. 2017 with NICEHASH, d. o. o.

NiceHash will not be responsible for any compensation, reimbursement, or damages

arising in connection with: (i) your inability to use the NiceHash Services, including
without limitation as a result of any termination or suspension of the NiceHash Website
or these Terms, power outages, maintenance, defects, system failures, mistakes,
omissions, errors, defects, viruses, delays in operation or transmission or any failure of
performance, (ii) the cost of procurement of substitute goods or services, (iii) any your
investments, expenditures, or commitments in connection with these Terms or your use
of or access to the NiceHash Services, (iv) your reliance on any information obtained
from NiceHash, (v) Force Majeure Event, communications failure, theft or other
interruptions or (vi) any unauthorized access, alteration, deletion, destruction, damage,
loss or failure to store any data, including records, private key or other credentials,
associated with NiceHash Services or NiceHash Wallet.

Our aggregate liability (including our directors, members, employees and agents),
whether in contract, warranty, tort (including negligence, whether active, passive or
imputed), product liability, strict liability or other theory, arising out of or relating to the
use of NiceHash Services, or inability to use NiceHash Services under these Terms or
under any other document or agreement executed and delivered in connection herewith
or contemplated hereby, shall in any event not exceed 100 EUR per user.

You will defend, indemnify, and hold NiceHash harmless and all respective employees,
officers, directors, and representatives from and against any claims, demand, action,
damages, loss, liabilities, costs and expenses (including reasonable attorney fees)
arising out of or relating to (i) any third-party claim concerning these Terms, (ii) your use
of, or conduct in connection with, NiceHash Services, (iii) any feedback you provide, (iv)
your violation of these Terms, (v) or your violation of any rights of any other person or
entity. If you are obligated to indemnify us, we will have the right, in our sole discretion,
to control any action or proceeding (at our expense) and determine whether we wish to
settle it. If we are obligated to respond to a third-party subpoena or other compulsory
legal order or process described above, you will also reimburse us for reasonable
attorney fees, as well as our employees’ and contractors’ time and materials spent
responding to the third-party subpoena or other compulsory legal order or process at
reasonable hourly rates.

NiceHash Services and the information, products, and services included in or available
through NiceHash Website may include inaccuracies or typographical errors. Changes
are periodically added to the information herein. NiceHash may make improvements or
changes on the NiceHash Website at any time. No information provided to you by
NiceHash shall be considered or construed as advice.

NICEHASH ACCOUNT

The registration of the NiceHash Account is made through the NiceHash Website, where
you are required to enter your email address and password in the registration form. After
successful completion of registration, the confirmation email is sent to you. After you
confirm your registration by clicking on the link in confirmation email the NiceHash
Account is created. NiceHash will send you a proof of completed registration once the
process is completed.

When you create NiceHash Account, you agree to (i) create a strong password that you
change frequently and do not use for any other website, (ii) implement reasonable and
appropriate measures designed to secure access to any device which has access to
your email address associated with your NiceHash Account and your username and
password for your NiceHash Account, (iii) maintain the security of your NiceHash
Account by protecting your password and by restricting access to your NiceHash
Account; (iv) promptly notify us if you discover or otherwise suspect any security
breaches related to your NiceHash Account so we can take all required and possible
measures to secure your NiceHash Account and (v) take responsibility for all activities
that occur under your NiceHash Account and accept all risks of any authorized or
unauthorized access to your NiceHash Account, to the maximum extent permitted by
law.

Once the NiceHash Account is created a NiceHash Wallet is automatically created for
the NiceHash Account. Account holder’s NiceHash Wallet is generated by NiceHash
Wallet provider.

In order to pay for the acquired hashing power the Hashing power buyers must deposit
funds to the NiceHash Wallet, as the payments for the hashing power could be made
only through NiceHash Wallet. Hashing power providers have two options to get paid for
the provided hashing power: (i) by using NiceHash Wallet to receive the payments or (ii)
by providing other Bitcoin address where the payments shall be received to NiceHash.
Hashing power providers provide their Bitcoin address to NiceHash by providing such
details via Account holder’s profile settings or in a form of a stratum username while
connecting to NiceHash stratum servers.

Account holder may load funds on his NiceHash Wallet from his Secondary account.
Account holder may be charged fees by the Secondary account provider or by the
blockchain network for such transaction. NiceHash is not responsible for any fees
charged by Secondary account providers or by the blockchain network or for the
management and security of the Secondary accounts. Account holder is solely
responsible for his use of Secondary accounts and Account holder agrees to comply with
all terms and conditions applicable to any Secondary accounts. The timing associated
with a load transaction will depend in part upon the performance of Secondary accounts
providers, the performance of blockchain network and performance of the NiceHash
Wallet provider. NiceHash makes no guarantee regarding the amount of time it may take
to load funds on to NiceHash Wallet.

NiceHash Wallet shall not be used by Account holders to keep, save and hold funds for
longer period. The NiceHash Wallet shall be used exclusively and only for current and
ongoing transactions regarding the NiceHash Services. Account holders shall promptly
withdraw any funds kept on the NiceHash Wallet that will not be used and are not
intended for the NiceHash Services. Commission fees may be charged by the NiceHash
Wallet provider, by the blockchain network or by NiceHash for any NiceHash Wallet
transactions. Please refer to the NiceHash Website, for more information about the
commission fees for NiceHash Wallet transactions which are applicable at the time of the
transaction. NiceHash reserves the right to change these commission fees according to
the provisions to change these Terms at any time for any reason.

You have the right to use the NiceHash Account only in compliance with these Terms
and other commercial terms and principles published on the NiceHash Website. In
particular, you must observe all regulations aimed at ensuring the security of funds and
financial transactions.

Provided that the balance of funds in your NiceHash Wallet is greater than any minimum
balance requirements needed to satisfy any of your open orders, you may withdraw from
your NiceHash Wallet any amount of funds, up to the total amount of funds in your
NiceHash Wallet in excess of such minimum balance requirements, to Secondary
Account, less any applicable withdrawal fees charged by NiceHash or by the blockchain
network for such transaction. Withdrawals are not processed instantly and may be
grouped with other withdrawal requests. Some withdrawals may require additional
verification information which you will have to provide in order to process the withdrawal.
It may take up to 24 hours before withdrawal is fully processed and distributed to the
Blockchain network. Please refer to the NiceHash Website for more information about
the withdrawal fees and withdrawal processing. NiceHash reserves the right to change
these fees according to the provisions to change these Terms at any time for any
reason.

You have the right to close the NiceHash Account. In case you have funds on your
NiceHash Wallet you should withdraw funds from your account prior to requesting
NiceHash Account closure. After we receive your NiceHash Account closure request we
will deactivate your NiceHash Account as soon as technically possible but at the latest in
7 days from the day after receiving your request to close the NiceHash Account.
NiceHash will inform you when your NiceHash Account is closed.

NiceHash is not responsible for the loss of the funds, stored on or transferred from the
NiceHash Wallet, as well as for the erroneous implementation of the transactions made
via NiceHash Wallet, where such loss or faulty implementation of the transaction are the
result of a malfunction of the NiceHash Wallet and the malfunction was caused by you or
the NiceHash Wallet provider. You are obliged to inform NiceHash in case of loss or
theft, as well as in the case of any possible misuse of the access data to your NiceHash
Account, without any delay, and demand change of access data or closure of your
existing NiceHash Account and submit a request for new access data. NiceHash will
execute the change of access data or closure of the NiceHash Account and the opening
of new NiceHash Account as soon as technically possible and without any undue delay.

All information pertaining to registration, including a registration form, generation of

NiceHash Wallet and detailed instructions on the use of the NiceHash Account and
NiceHash Wallet are available at NiceHash Website. The registration form as well as the
entire system is properly protected from unwanted interference by third parties.

HASHING POWER TRANSACTIONS

GENERAL

NiceHash may, at any time and in our sole discretion, (i) refuse any order submitted or
provided hashing power, (ii) cancel an order or part of the order before it is executed, (iii)
impose limits on the order amount permitted or on provided hashing power or (iv)
impose any other conditions or restrictions upon your use of the NiceHash Services
without prior notice. For example, but not limited to, NiceHash may limit the number of
open orders that you may establish or limit the type of supported Hashing power rigs and
mining algorithms or NiceHash may restrict submitting orders or providing hashing
power from certain locations.

Please refer to the NiceHash Website, for more information about terminology, hashing
power transactions’ definitions and descriptions, order types, order submission, order
procedure, order rules and other restrictions and limitations of the hashing power
transactions. NiceHash reserves the right to change any transaction, definitions,
description, order types, procedure, rules, restrictions and limitations at any time for any
reason.

Orders, provision of hashing power, payments, deposits, withdrawals and other

transactions are accepted only through the interface of the NiceHash Website, NiceHash
API and NiceHash Account and are fixed by the software and hardware tools of the
NiceHash Website. If you do not understand the meaning of any transaction option,
NiceHash strongly encourages you not to utilize any of those options.

HASHING POWER ORDER

In order to submit an order via the NiceHash Account, the Hashing power buyer must
have available funds in his NiceHash Wallet.

Hashing power buyer submits a new order to buy hashing power via the NiceHash
Website or via the NiceHash API by setting the following parameters in the order form:
NiceHash service server location, third-party mining pool, algorithm to use, order type,
set amount he is willing to spend on this order, set price per hash he is willing to pay,
optionally approximate limit maximum hashing power for his order and other parameters
as requested and by confirming his order. Hashing power buyer may submit an order in
maximum amount of funds available on his NiceHash Wallet at the time of order
submission. Order run time is only approximate since order’s lifetime is based on the
number of hashes that it delivers.
Particularly during periods of high volume, illiquidity, fast movement or volatility in the
marketplace for any digital assets or hashing power, the actual price per hash at which
some of the orders are executed may be different from the prevailing price indicated on
NiceHash Website at the time of your order. You understand that NiceHash is not liable
for any such price fluctuations. In the event of market disruption, NiceHash Hashing
Power Marketplace disruption or manipulation or Force Majeure Event, NiceHash may
do one or more of the following: (i) suspend access to the NiceHash Account or
NiceHash Website, or (ii) prevent you from completing any actions in the NiceHash
Account, including closing any open orders. Following any such event, when trading
resumes, you acknowledge that prevailing market prices may differ significantly from the
prices available prior to such event.

When Hashing power buyer submits an order for purchasing of the Hashing power via
NiceHash Website or via the NiceHash API he authorizes NiceHash to execute the order
on his behalf and for his account in accordance with such order. Hashing power buyer
acknowledges and agrees that NiceHash is not acting as his broker, intermediary, agent
or advisor or in any fiduciary capacity. NiceHash executes the order in set order amount
minus NiceHash’s processing fee. Once the order is successfully submitted the order
amount starts to decrease in real time according to the payments for the provided
hashing power.

Hashing power buyer agrees to pay applicable processing fee to NiceHash for provided
services. The NiceHash’s fees are deducted from Hashing power buyer’s NiceHash
Wallet once the whole order is exhausted and completed. Please refer to the NiceHash
Website, for more information about the fees which are applicable at the time of
provision of services. NiceHash reserves the right to change these fees according to the
provisions to change these Terms at any time for any reason. The changed fees will
apply only for the NiceHash Services provided after the change of the fees. All orders
submitted prior the fee change but not necessary completed prior the fee change will be
charged according to the fees applicable at the time of the submission of the order.

NiceHash will attempt, on a commercially reasonable basis, to execute the Hashing

power buyer’s purchase of the hashing power on the Hashing power marketplace under
these Terms according to the best-effort delivery approach. In this respect NiceHash
does not guarantee that the hashing power will actually be delivered or verified and does
not guarantee any quality of the NiceHash Services.

Hashing power buyer may cancel a submitted order during order’s lifetime. If an order
has been partially executed, Hashing power buyer may cancel the unexecuted
remainder of the order. In this case the NiceHash’s processing fee will apply only for the
partially executed order. NiceHash reserves the right to refuse any order cancellation
request once the order has been submitted.

SELLING HASHING POWER AND THE PROVISION OF HASHING POWER

In order to submit the hashing power to the NiceHash stratum server the Hashing power
provider must first point its Hashing power rig to the NiceHash stratum server. Hashing
power provider is solely responsible for configuration of his Hashing power rig.

The Hashing power provider gets paid by Hashing power buyers for all validated and
accepted work that his Hashing power rig has produced. The provided hashing power is
validated by NiceHash’s stratum engine and validator. Once the hashing power is
validated the Hashing power provider is entitled to receive the payment for his work.
NiceHash logs all validated hashing power which was submitted by the Hashing power
provider. The Hashing power provider receives the payments of current globally
weighted average price on to his NiceHash Wallet or his selected personal Bitcoin
address. The payments are made periodically depending on the height of payments.
NiceHash reserves the right to hold the payments any time and for any reason by
indicating the reason, especially if the payments represent smaller values. Please refer
to the NiceHash Website, for more information about the height of payments for provided
hashing power, how the current globally weighted average price is calculated, payment
periods, payment conditions and conditions for detention of payments. NiceHash
reserves the right to change this payment policy according to the provisions to change
these Terms at any time for any reason.

All Hashing power rig’s earnings and profitability calculations on NiceHash Website are
only for informational purposes. NiceHash does not warrant that your Hashing power
rigs would achieve the same profitability or earnings as calculated on NiceHash Website.
You hereby acknowledge that it is possible that your Hashing power rigs would not be as
profitable as indicated in our informational calculations or would not be profitable at all.

Hashing power provider agrees to pay applicable processing fee to NiceHash for
provided services. The NiceHash’s fees are deducted from all the payments made to the
Hashing power provider for his provided work. Please refer to the NiceHash Website, for
more information about the fees which are applicable at the time of provision of services.
NiceHash reserves the right to change these fees according to the provisions to change
these Terms at any time for any reason. The changed fees will apply only for the
NiceHash Services provided after the change of the fees.

NiceHash will attempt, on a commercially reasonable basis, to execute the provision of

Hashing power providers’ hashing power on the Hashing power marketplace under
these Terms according to the best-effort delivery approach. In this respect NiceHash
does not guarantee that the hashing power will actually be delivered or verified and does
not guarantee any quality of the NiceHash Services.

Hashing power provider may disconnect the Hashing power rig from the NiceHash
stratum server any time. NiceHash reserves the right to refuse any Hashing power rig
once the Hashing power rig has been pointed towards NiceHash stratum server.

Misuse and malicious use of Hashing power rigs is strictly prohibited. It is particularly
prohibited to use NiceHash Services by using network botnets or by using NiceHash
Services with Hashing power rigs without the knowledge or awareness of Hashing power
rig owner(s). NiceHash reserves the right to seize any funds, accumulated with misuse
and malicious use of Hashing power rigs.

RIGHTS AND OBLIGATIONS

In the event of disputes with you, NiceHash is obliged to prove that the NiceHash service
which is the subject of the dispute was not influenced by technical or other failure. You
will have possibility to check at any time, subject to technical availability, the transactions
details, statistics and available balance of the funds held on the NiceHash Wallet,
through access to the NiceHash Account.

When accessing or using the NiceHash Services or NiceHash Wallet, you agree that you
will not violate any law, contract, intellectual property or other third-party right or commit
a tort, and that you are solely responsible for your conduct while using NiceHash
Services or NiceHash Wallet.

As a condition of your use of the NiceHash Services you warrant to NiceHash that you
will not use the NiceHash Services for any purpose that is unlawful or prohibited by
these Terms. You may not use the NiceHash Services in any manner that could damage,
disable, overburden, or impair the provision of NiceHash Services or interfere with any
other party's use and enjoyment of the NiceHash Services. You may not obtain or
attempt to obtain any materials or information through any means not intentionally made
available or provided to you or public through the NiceHash Services.

We may, in our sole discretion, at any time, for any or no reason and without liability to
you, with prior notice and with notice period of 30 days (i) terminate all rights and
obligations between you and NiceHash derived from these Terms, (ii) suspend your
access to all or a portion of NiceHash Services, NiceHash Wallet and its related services
or any portion thereof and delete or deactivate your NiceHash Account and all related
information and files in such account (iii) modify, suspendor discontinue, temporarily or
permanently, any portion of NiceHash Services or (iv) provide enhancements or
improvements to the features and functionality of the NiceHash Services, which may
include patches, bug fixes, updates, upgrades and other modifications. Any such change
may modify or delete certain portion, features or functionalities of the NiceHash
Services. You agree that NiceHash has no obligation to (i) provide any updates, or (ii)
continue to provide or enable any particular portion, features or functionalities of the
NiceHash Services to you. You further agree that all changes will be (i) deemed to
constitute an integral part of the NiceHash Services, and (ii) subject to these Terms.

In the event of your breach of these Terms, including but not limited to, for instance, in
the event that you breach any term of these Terms, due to legal grounds originating in
anti-money laundering and know your client regulation and procedures, or any other
relevant applicable regulation, all right and obligations between you and NiceHash
derived from these Terms terminate automatically if you fail to comply with these Terms
within the notice period of 8 days after you have been warned by NiceHash about the
breach and given 8 days period to cure the breaches. NiceHash reserves the right to
keep these rights and obligations in force despite your breach of these Terms.

In the event of termination, NiceHash will attempt to return you any funds stored on your
NiceHash Wallet not otherwise owed to NiceHash, unless NiceHash believes you have
committed fraud, negligence or other misconduct. You acknowledge that the NiceHash
Services and NiceHash Wallet may be suspended for maintenance.

Technical information about the hashing power transactions, including information about
chosen server locations, algorithms used, selected mining pools, your business or
activities, including all financial and technical information, specifications, technology
together with all details of prices, current transaction performance and future business
strategy represent confidential information and trade secrets. NiceHash shall, preserve
the confidentiality of all before mentioned information and shall not disclose or cause or
permit to be disclosed without your permission any of these information to any person
save to the extent that such disclosure is strictly to enable you to perform or comply with
any of your obligations under these Terms, or to the extent that there is an irresistible
legal requirement on you or NiceHash to do so; or where the information has come into
the public domain otherwise than through a breach of any of the terms of these Terms.
NiceHash shall not be entitled to make use of any of these confidential information and
trade secrets other than during the continuance of and pursuant to these Terms and then
only for the purpose of carrying out its obligations pursuant to these Terms.

COMMUNICATION AND SUPPORT

You agree and consent to receive electronically all communications, agreements,

documents, receipts, notices and disclosures that NiceHash provides in connection with
your NiceHash Account or use of the NiceHash Services. You agree that NiceHash may
provide these communications to you by posting them via the NiceHash Account or by
emailing them to you at the email address you provide. You should maintain copies of
electronic communications by printing a paper copy or saving an electronic copy.

It is your responsibility to keep your email address updated in the NiceHash Account so
that NiceHash can communicate with you electronically. You understand and agree that
if NiceHash sends you an electronic communication but you do not receive it because
your email address is incorrect, out of date, blocked by your service provider, or you are
otherwise unable to receive electronic communications, it will be deemed that you have
been provided with the communication. You can update your NiceHash Account
preferences at any time by logging into your NiceHash Account. If your email address
becomes invalid such that electronic communications sent to you by NiceHash are
returned, NiceHash may deem your account to be inactive and close it, and you may not
be able to use the NiceHash Services until NiceHash does not receive a valid, working
email address from you.
You may give NiceHash a notice under these Terms by sending an email to
support@nicehash.com or contact NiceHash through support located on the NiceHash
Website. All communication and notices pursuant to these Terms must be given in
English language.

TAX

It is your responsibility to determine what, if any, taxes apply to the transactions you
complete or services you provide via the NiceHash Services and NiceHash Wallet, it is
your responsibility to report and remit the correct tax to the appropriate tax authority and
all your factual and potential tax obligations are your concern. You agree that NiceHash
is not in any case and under no conditions responsible for determining whether taxes
apply to your transactions or services or for collecting, reporting, withholding or remitting
any taxes arising from any transactions or services. You also agree that NiceHash is not
in any case and under no conditions bound to compensate for your tax obligation or give
you any advice related to tax issues.

All fees and charges payable by you to NiceHash are exclusive of any taxes, and shall
certain taxes be applicable, they shall be added on top of the payable amounts. Upon
our request, you will provide to us any information that we reasonably request to
determine whether we are obligated to collect VAT from you, including your VAT
identification number. If any deduction or withholding is required by law, you will notify
NiceHash and will pay NiceHash any additional amounts necessary to ensure that the
net amount received by NiceHash, after any deduction and withholding, equals the
amount NiceHash would have received if no deduction or withholding had been required.
Additionally, you will provide NiceHash with documentation showing that the withheld
and deducted amounts have been paid to the relevant taxing authority.

NICEHASH MINER AND EXCAVATOR LICENSE (NICEHASH MINING SOFTWARE

LICENSE)

NiceHash Mining Software whether on disk, in read only memory, or any other media or
in any other form is licensed, not sold, to you by NiceHash for use only under these
Terms. NiceHash retains ownership of the NiceHash Mining Software itself and reserve
all rights not expressly granted to you.

Subject to these Terms, you are granted a limited, non-transferable, non-exclusive and a
revocable license to download, install and use the NiceHash Mining Software. You may
not distribute or make the NiceHash Mining Software available over a network where it
could be used by multiple devices at the same time. You may not rent, lease, lend, sell,
redistribute, assign, sublicense host, outsource, disclose or otherwise commercially
exploit the NiceHash Mining Software or make it available to any third party.
There is no license fee for the NiceHash Mining Software. NiceHash reserves the right to
change the license fee policy according to the provisions to change these Terms any
time and for any reason, including to decide to start charging the license fee for the
NiceHash Mining Software. You are responsible for any and all applicable taxes.

You may not, and you agree not to or enable others to, copy, decompile, reverse
engineer, reverse compile, disassemble, attempt to derive the source code of, decrypt,
modify, or create derivative works of the NiceHash Mining Software or any services
provided by the NiceHash Mining Software, or any part thereof (except as and only to
the extent any foregoing restriction is prohibited by applicable law or to the extent as
may be permitted by the licensing terms governing use of open-sourced components
included with the NiceHash Mining Software).

If you choose to allow automatic updates, your device will periodically check with
NiceHash for updates and upgrades to the NiceHash Mining Software and, if an update
or upgrade is available, the update or upgrade will automatically download and install
onto your device and, if applicable, your peripheral devices. You can turn off the
automatic updates altogether at any time by changing the automatic updates settings
found within the NiceHash Mining Software.

You agree that NiceHash may collect and use technical and related information,
including but not limited to technical information about your computer, system and
application software, and peripherals, that is gathered periodically to facilitate the
provision of software updates, product support and other services to you (if any) related
to the NiceHash Mining Software and to verify compliance with these Terms. NiceHash
may use this information, as long as it is in a form that does not personally identify you,
to improve our NiceHash Services.

NiceHash Mining Software contains features that rely upon information about your
selected mining pools. You agree to our transmission, collection, maintenance,
processing, and use of all information obtained from you about your selected mining
pools. You can opt out at any time by going to settings in the NiceHash Mining Software.

NiceHash may provide interest-based advertising to you. If you do not want to receive
relevant ads in the NiceHash Mining Software, you can opt out at any time by going to
settings in the NiceHash Mining Software. If you opt out, you will continue to receive the
same number of ads, but they may be less relevant because they will not be based on
your interest.

NiceHash Mining Software license is effective until terminated. All provisions of these
Terms regarding the termination apply also for the NiceHash Mining Software license.
Upon the termination of NiceHash Mining Software license, you shall cease all use of the
NiceHash Mining Software and destroy or delete all copies, full or partial, of the
NiceHash Mining Software.
INTELLECTUAL PROPERTY

NiceHash retains all copyright and other intellectual property rights, including inventions,
discoveries, knowhow, processes, marks, methods, compositions, formulae, techniques,
information and data, whether or not patentable, copyrightable or protectable in
trademark, and any trademarks, copyrights or patents based thereon over all content
and other materials contained on NiceHash Website or provided in connection with the
NiceHash Services, including, without limitation, the NiceHash logo and all designs, text,
graphics, pictures, information, data, software, source code, as well as the compilation
thereof, sound files, other files and the selection and arrangement thereof. These
material is protected by Slovenian and international copyright laws and other intellectual
property right laws. These Terms shall not be understood and interpreted in a way that
they would mean assignment of copyright or other intellectual property rights, unless it is
explicitly defined so in these Terms.

NiceHash hereby grants you a limited, nonexclusive and non-sublicensable license to

access and use NiceHash’s copyrighted work and other intellectual property for your
personal or internal business use. Such license is subject to these Terms and does not
permit any resale, the distribution, public performance or public display, modifying or
otherwise making any derivative uses, use, publishing, transmission, reverse
engineering, participation in the transfer or sale, or any way exploit any of the
copyrighted work and other intellectual property other than for their intended purposes.
This granted license will automatically terminate if NiceHash suspends or terminates
your access to the NiceHash Services, NiceHash Wallet or closes your NiceHash
Account.

NiceHash will own exclusive rights, including all intellectual property rights, to any
feedback including, but not limited to, suggestions, ideas or other information or
materials regarding NiceHash Services or related products that you provide, whether by
email, posting through our NiceHash Website, NiceHash Account or otherwise and you
irrevocably assign any and all intellectual property rights on such feedback unlimited in
time, scope and territory. Any Feedback you submit is non-confidential and shall become
the sole property of NiceHash. NiceHash will be entitled to the unrestricted use,
modification or dissemination of such feedback for any purpose, commercial or
otherwise, without acknowledgment or compensation to you. You waive any rights you
may have to the feedback. We have the right to remove any posting you make on
NiceHash Website if, in our opinion, your post does not comply with the content
standards defined by these Terms.

PRIVACY POLICY

Please refer to our Privacy Policy published on NiceHash Website for information about
how we collect, use and share your information.
FINAL PROVISIONS

Natural persons and legal entities that are not capable of holding legal rights and
obligations are not allowed to create NiceHash Account and use NiceHash Services or
other related services. If NiceHash becomes aware that such natural person or legal
entity has created the NiceHash Account or has used NiceHash Services, NiceHash will
delete such NiceHash Account and disable any NiceHash Services and block access to
NiceHash Account and NiceHash Services to such natural person or legal entity.

If you register to use the NiceHash Services on behalf of a legal entity, you represent
and warrant that (i) such legal entity is duly organized and validly existing under the
applicable laws of the jurisdiction of its organization; and (ii) you are duly authorized by
such legal entity to act on its behalf.

These Terms do not create any third-party beneficiary rights in any individual or entity.

These Terms forms the entire agreement and understanding relating to the subject
matter hereof and supersede any previous and contemporaneous agreements,
arrangements or understandings relating to the subject matter hereof to the exclusion of
any terms implied by law that may be excluded by contract.

If at any time any provision of these Terms is or becomes illegal, invalid or

unenforceable, the legality, validity and enforceability of every other provisions will not in
any way be impaired. Such illegal, invalid or unenforceable provision of these Terms
shall be deemed to be modified and replaced by such legal, valid and enforceable
provision or arrangement, which corresponds as closely as possible to our and your will
and business purpose pursued and reflected in these Terms.

Headings of sections are for convenience only and shall not be used to limit or construe
such sections.

No failure to enforce nor delay in enforcing, on our side to the Terms, any right or legal
remedy shall function as a waiver thereof, nor shall any individual or partial exercise of
any right or legal remedy prevent any further or other enforcement of these rights or
legal remedies or the enforcement of any other rights or legal remedies.

NiceHash reserves the right to make changes, amendments, supplementations or

modifications from time to time to these Terms including but not limited to changes of
licence agreement for NiceHash Mining Software and of any fees and compensations
policies, in its sole discretion and for any reason. We suggest that you review these
Terms periodically for changes. If we make changes to these Terms, we will provide you
with notice of such changes, such as by sending an email, providing notice on the
NiceHash Website, placing a popup window after login to the NiceHash Account or by
posting the amended Terms on the NiceHash Website and updating the date at the top
of these Terms. The amended Terms will be deemed effective immediately upon posting
for any new users of the NiceHash Services. In all other cases, the amended Terms will
become effective for preexisting users upon the earlier of either: (i) the date users click
or press a button to accept such changes in their NiceHash Account, or (ii) continued
use of NiceHash Services 30 days after NiceHash provides notice of such changes. Any
amended Terms will apply prospectively to use of the NiceHash Services after such
changes become effective.

The notice of change of these Terms is considered as notice of termination of all rights
and obligations between you and NiceHash derived from these Terms with notice period
of 30 days, if you do not accept the amended Terms. If you do not agree to any
amended Terms, (i) the agreement between you and NiceHash is terminated by expiry of
30 days period which starts after NiceHash provides you a notice of change of these
Terms, (ii) you must discontinue using NiceHash Services and (iii) you must inform us
regarding your disagreement with the changes and request closure of your NiceHash
Account. If you do not inform us regarding your disagreement and do not request closure
of you NiceHash Account, we will deem that you agree with the changed Terms.

You may not assign or transfer your rights or obligations under these Terms without the
prior written consent of NiceHash. NiceHash may assign or transfer any or all of its rights
under these Terms, in whole or in part, without obtaining your consent or approval.

NICEHASH, d. o. o. may assign or transfer to NiceHash any or all of its rights under the
agreements and terms and conditions as amended from time to time (last update on
September 8, 2017) concluded from December 19, 2017 onwards, in whole or in part,
without obtaining your consent or approval. For the avoidance of doubt, the provision of
this paragraph and only the provision of this paragraph amends the previous terms and
conditions of NICEHASH, d. o. o. and not NiceHash.

The place of fulfilment for any of the rights and obligations of you and NiceHash under
these Terms shall be Ljubljana, Slovenia.

These Terms and all matters or disputes arising out of or connected to them shall be
governed by and construed in accordance with the laws of Republic of Slovenia,
excluding its conflict of laws rules.

All disputes and claims arising out of or in connection with these Terms shall be finally
resolved and settled by the competent court in Ljubljana.

The rights and remedies conferred on NiceHash by, or pursuant to, these Terms are
cumulative and are in addition, and without prejudice, to all other rights and remedies
otherwise available to NiceHash at law.

These Terms are not boilerplate. If you disagree with any of them, believe that any
should not apply to you, or wish to negotiate these Terms, please contact NiceHash and
immediately navigate away from the NiceHash Website. Do not use the NiceHash
Services, NiceHash Wallet or other related services until you and NiceHash have agreed
upon new terms of service.

PRIVACY POLICY
This Privacy Policy explains how H-BIT, d.o.o., a limited liability company organized and
existing under the laws of Slovenia, with registered address at Obrežna ulica 3, 2312
Orehova vas, Slovenia, registration number: 6633994000, VAT number: SI28401280
("NiceHash," "we" or "us "), collects, uses, discloses and protects your personal
information. This Privacy Policy explains which information we collect, use, process and
protect your information and what options our users have with regards to their personal
information.

Personal information means any data relating to an identified or identifiable natural

person. This policy applies to information we collect when you access or use NiceHash
Website, NiceHash API, NiceHash Marketplace, NiceHash Account, NiceHash Mining
Software and NiceHash Mobile applications (collectively, "NiceHash Services") or
otherwise interact with us as described below. We are compliant with applicable laws in
the countries in which we operate. By using the NiceHash Services or interacting with us
as described below, you confirm that you are aware of this Privacy Policy.

We may amend this Privacy Policy from time to time. If we make changes, we will notify
you by revising the date at the top of this policy, and in some circumstances, we may
provide you with additional notice, including, for example, by adding a statement to the
homepage of the NiceHash Services or by sending you an email notification. We
strongly encourage you to review the Privacy Policy whenever you access or use
NiceHash Services to stay informed about our information practices and your privacy
rights and choices.

·0 DATA WE COLLECT

We collect information you provide directly to us and we also get some information about
you when you interact with NiceHash Services. For example, we collect information
about you when you create an online account, complete a transaction, fill out a form, use
our software products and mobile applications, respond to surveys, post messages to
our forums or wikis or otherwise communicate with us.

The types of information we may collect are as follows:

·1 Contact information, namely your email address;
·2 Your bitcoin address;
 ·3 Account information such as username, two-factor authentication keys and
account preferences;
·4 All information associated with hashing power orders namely : selected
NiceHash server location, mining pool, algorithms used, order type, set amount
hashing power buyer is willing to spend on his order, set price per hash hashing
power buyer is willing to pay, approximate limit maximum hashing power for
order, payments, number, duration, modification and termination of orders and
other order parameters;
·5 All information associated with selling hashing power and the provision of
hashing power namely: information on hashing power rigs including information
about hashing power rigs hardware, quantity and quality of provided hashing
power, hashing power validation, hashing power speed, payments, connection
settings, errors and malfunctions and other parameters regarding the provision of
hashing power;
·6 Any information that are required for the tax purposes namely your VAT
identification number.

Bitcoin address does not in itself allow us to identify an individual person and would as
such in certain jurisdictions not be considered personal information. In such jurisdictions,
if we do combine this non-personal information with personal information, the combined
information will be treated as personal information for as long as it remains combined.

When you access or use the NiceHash Services, we automatically collect information as
follows:
·7 Transaction information: we collect information about the transaction you
complete via the NiceHash Services, including the amount of funds associated
with an order, selected mining pool, the types of orders executed and other
transaction information regarding hashing power.
·8 Location information: Our mobile applications may collect precise geolocation
information from your mobile device with your prior consent. If you initially
consent to our collection of location information, you may be able to
subsequently stop the collection of this information through your device operating
system settings. You may also stop our collection of location information by
following the standard uninstall process to remove our mobile applications from
your device.
·9 Device and Log information: we collect information about the computer or
mobile device you use to access the NiceHash Services, including device
identifiers, mobile network information, type of operating system, type of
hardware used and the type of browser used. We also log information about your
use of the NiceHash Services, including access times, pages viewed, IP address,
other standard web log data, and the page visited before and after navigating to
our websites.
·10 Cookies and similar tracking technologies: we may use cookies, pixel tags,
web beacons, and other tracking technologies to collect information about you
 when you interact with the NiceHash Services, including information about your
browsing behaviour on our NiceHash Services. For more information on cookies,
please see below.
·11 Data we collect from third party providers: We use third party providers,
including Facebook, Google and others, to collect information about your use of
NiceHash Services and enable us to improve how the services work. The
information allows us to see the overall patterns of usage on NiceHash Services,
helps us record any difficulties you have with the services, shows us whether our
advertising is effective or not, and allows us to use responses to advertisements
to optimise ad performance. Google, Facebook use cookies and other, similar
technologies to collect information about the services use and to report website
trends to us, without identifying individual End-Users or Visitors to us. See below
for more information, or to opt out of these practices:
·12 You can learn about Google’s practices by going to
www.google.com/policies/privacy//, and opt-out of them by downloading the
Google Analytics opt-out browser add-on, available at
https://tools.google.com/dlpage/gaoptout.
·13 You may opt-out of Facebook advertising by visiting
https://www.facebook.com/settings/?tab=ads/.
·14 Software auto-update: Our desktop and mobile software products may utilize
auto-updating features with your prior consent. If you initially consent to auto-
update features, you may be able to subsequently stop the auto-update features
through our software products or your device operating system settings.

·15 HOW WE USE YOUR DATA

2.1. SERVICES

We use your data to operate effectively and provide the best experience with our
services.

We use your data to authorize access to NiceHash Services, to provide customer

support, to manage your account(s) and send you technical notices, updates, security
alerts and support and administrative messages. We also use your data to process
transactions, to send notices about your transactions and to help prevent potentially
prohibited or illegal activities and enforce our user agreements.

With the help of the data you provide us and with linking or combining it with information
we obtain from others, we personalize, measure and improve the NiceHash Services.

We may also carry out any other purpose for which the data was collected, to the extent
such purpose is necessarily contemplated by the collection of such information or as
otherwise notified in the NiceHash Services at the time of collection.
We use third party services to help us provide our services effectively (e.g.,
maintenance, analysis, audit, transactions, fraud detection, marketing and development).
They will have access to your information as reasonably necessary to perform these
tasks on our behalf and are obligated not to disclose or use it for other purposes.

2.2. COMMUNICATIONS

We use your email address to get in contact with you, to deliver marketing and
promotional offers on behalf of NiceHash and others.

You may opt out of receiving promotional communications from us by following the
instructions in those communications. You may also opt out of receiving our newsletter
or certain administrative emails by modifying your communications preferences through
the settings feature of your online account. If you opt out of receiving promotional
communications, we may still send you transactional or relationship messages, such as
those about your account or our ongoing business relations.

2.3. ADVERTISING

We target (and measure the performance of) ads to users, visitors and others both on
and off our services directly or through a variety of partners. We are using data from
advertising technologies on and off NiceHash Services, like web beacons, pixels, ad
tags, cookies, and device identifiers.

2.4. COOKIES

Cookies are small text files that are placed on your computer by websites that you visit.
They are widely used in order to make websites work, or work more efficiently, as well as
to provide information to the owners of the site. They are typically stored on your
computer’s hard drive.

We use both session and persistent cookies. Session cookies expire when you log out of
your account or close your browser. Persistent cookies remain on your computer or
mobile device until you erase them or they otherwise expire. Most web browsers are set
to accept cookies by default. You are free to decline most of our cookies if your browser
or browser add-on permits, but choosing to remove or disable our cookies may interfere
with your use and functionality of the NiceHash Services. Additionally, we may use
certain persistent cookies that are not affected by your browser settings, but will use
such cookies solely for identity verification and fraud prevention purposes. You may
refuse cookies by turning them off in your browser, however, you should be aware that
our site, like most other popular sites, may not work well with cookies disabled. For more
information about cookies and how to block, delete or disable them, please refer to your
browser instructions, or contact us at support@nicehash.com.
We use third party service provider(s), to assist us in better understanding the use of our
Site. Our service provider(s) will place cookies on the hard drive of your computer and
will receive information that we select that will educate us on such things as how visitors
navigate around our site, what products are browsed, and general transaction
information. Our service provider(s) analyses this information and provides us with
aggregate reports. The information and analysis provided by our service provider(s) will
be used to assist us in better understanding our visitors' interests in our Site and how to
better serve those interests. The information collected by our service provider(s) may be
linked to and combined with information that we collect about you while you are using
our services. Our service provider(s) is/are contractually restricted from using
information they receive from our Site other than to assist us.

3. HOW AND WHY WE SHARE YOUR DATA

We will only use and disclose your personal information internally in order to:
·16 Understand and meet your needs and preferences;
·17 Develop new and enhance existing service and product offerings;
·18 Manage and develop our business and operations;
·19 Carry out any purposes for which we have received your consent; and
·20 Meet legal and regulatory requirements.

We may disclose any information we collect about you, whether you are a current or
former customer, with law enforcement, data protection authorities, government officials,
and other authorities, when:
·21 compelled by subpoena, court order or other legal procedure;
·22 we believe the disclosure is necessary to prevent physical harm or financial loss;
·23 disclosure is necessary to report suspected illegal activity;
·24 disclosure is necessary to investigate violations of this Privacy Policy or our
Terms of Use.
·25 we obtain your consent or at your direction.

Other than in connection with a merger, sale of NiceHash's assets, financing or

acquisition, we will not sell or rent any of your information to third parties for their own
marketing purposes.

3.1. SHARING DATA WITH THIRD PARTY SERVICE PROVIDERS

3.1.1. NiceHash Service

We share some of your data with third party service providers for analytic purposes in
order to provide the best user experience. We are sharing data gathered from cookies,
device identifiers and usage data with:
·26 Facebook SDK to track and examine the use of NiceHash Miner and NiceHash
Website to prepare reports and analysis;
·27 Fospha for connecting data from NiceHash Website with action performed in
NiceHash Miner;
·28 Google Analytics to track and examine the use of NiceHash Website in order to
prepare reports and analysis.

3.1.2. Communications

We are sharing your email addresses with third party service providers such as
MailerLite and MailGun, to send you marketing communications, communicate with you
about our services and let you know about our policies and terms. We also use your
information to respond to you when you contact us.
3.1.3. Advertising and Analytics (Non-Personally Identifiable Information Only)

We use third-party analytics and advertising providers to help us analyse and improve
our services. We are sharing data gathered from cookies and usage data and do not
share information that personally identifies you.

We use analytic tool Facebook Pixel to measure the effectiveness of our advertising, to
understand your actions on NiceHash Website and to optimize our advertising. We also
use Google AdWords to connect data gathered from Google AdWords advertising
network with actions performed on NiceHash Website.

·29 LEGAL BASIS FOR PROCESSING DATA

We collect, use and share data as described above.

We will only collect and process personal data about you where we have lawful bases.
Lawful bases include consent (where you have given consent), contract (where
processing is necessary for the performance of a contract with you - learn more in our
Terms of Service on NiceHash Website) and “legitimate interests”.

Where we rely on your consent to process personal data, you have the right to
withdraw or decline your consent at any time and where we rely on legitimate
interests, you have the right to object. If you have any questions about the lawful bases
upon which we collect and use your personal data, please contact our Data Protection
Officer - dpo@nicehash.com.

·30 YOUR CHOICES AND OBLIGATIONS

5.1. DATA RETENTION

We retain personal data for as long as necessary to fulfil purposes described in this
Privacy Policy, subject to our own legal and regulatory obligations. In accordance with
our record keeping obligations, we will retain basic account information and informations
about performed transactions for at least 5 years after an account is closed.

5.2. ACCESSING AND CONTROLLING YOUR PERSONAL DATA

Regarding your personal data, you have following options:

·31 Delete data: You can request deletion of your personal data that we have about
you. We will delete the data that we are not legally obliged to keep and since
some of the data is necessary to provide NiceHash Services to you, you will not
be able to use our services after the deletion;
·32 Change or correct data: You have the right to request change of incorrect
personal data that we have about you;
·33 Object to or limit or restrict use of data: You can request that we stop using all
or some of your personal data (e.g., if we have no legal right to keep using it) or
to limit our use of it (e.g., if your personal data is inaccurate or unlawfully held).
·34 Right to access and/or take your personal data: You have the right to ask us
for a copy of your personal data and can ask for a copy of personal data you
provided in machine readable form.

You can make a request for any of the above mentioned actions by sending an email to
dpo@nicehash.com.

In relation to all procedures relating to the collection, processing and storage of your
personal data, you have the right to appeal to the Information Commissioner of the
Republic of Slovenia (https://www.ip-rs.si/o-pooblascencu/osebna-izkaznica/).

5.3. ACCOUNT INFORMATION AND ACCOUNT DELETION

You may access and review or update your online account information at any time by
logging into your account.

If you choose to close your NiceHash Account, please contact us at

support@nicehash.com. Your account will be deleted and your personal data will be
erased within 30 days of receiving your request.

We retain your personal data even after you have closed your account if reasonably
necessary to comply with our legal obligations, meet regulatory requirements, resolve
disputes, maintain security, prevent fraud and abuse or enforce our Terms of Service.
We will retain de-personalized and fully encrypted information after your account has
been deleted.
 ·35 SECURITY

We implement reasonable security practices and procedures to help protect the

confidentiality and security of your information, including any non-public personal
information.

We protect your information using reasonable physical, technical and administrative

security measures, including by limiting access to your information to employees with a
need to know such information. To make sure your personal information is secure, we
communicate our privacy and security guidelines to our employees and strictly enforce
privacy safeguards within the company.

·36 CONTACT US
If you have any questions or concerns regarding this Privacy Policy, please contact us at
support@nicehash.com.

Last updated: May 28, 2018