Licensed Activities

LCT Global FZE “(LCT)” is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider (VASP) under Reference: VL/25/12/001 to provide Virtual Assets Exchange Services.

As such, LCT is permitted to operate the following Spot Trading activities to Retail, Qualified, and Institutional Investors:

1.Conducting an exchange, trade or conversion between Virtual Assets and fiat currency.

2.Conducting an exchange, trade or conversion between one or more Virtual Assets.

3.Matching orders between buyers and sellers and conducting an exchange, trade or conversion between either of the following:

i. Virtual Assets and fiat currency

ii. One or more Virtual Assets

4.Maintaining an order book in furtherance of the above.

LCT’s Virtual Asset Exchange Services are subject to the conditions and limitations applicable to its licence as may be prescribed by VARA from time to time.

As of the date hereof, there are no additional regulatory notes, limitations or other specific information relating to LCT’s Exchange Services requiring disclosure.