KAST Business Terms and Conditions

April 14, 2026

Please note: This product is currently in Beta phase and may be subject to changes. See Clause 8

PREAMBLE
1. These KAST Business Terms and Conditions (“Terms”) are incorporated to the Platform Terms and Conditions (https://www.kast.xyz/legal/terms-and-conditions-of-service) which governs products and services by KAST Tech with its Affiliate (“us”, “we”, “our”, and “KAST”) in a general perspective (“General Agreement”) and must be read together with the General Agreement. Unless otherwise defined in these Terms, all capitalised terms have the meanings given in the General Agreement.
2. Please read these Terms and the General Agreement carefully before accessing or using any of our card services (“Services”), which include the application, use and other provided service related to our KAST Business card (“KAST Business Card” or “Card”) and govern the availability and use of the Services provided by us and/or our Affiliates in together with if any service providers involved in. You (“Customer”, “you”, “your” or “any Authorised Representative”) have received, read carefully and understand the Terms and the General Agreement. By opening an account or accessing or using any part of the Services, you accept and agree to be bound by these Terms as well as the General Agreement. In addition, and without limiting the foregoing, you also agree to comply with and be bound by the Privacy Policy and such other policies and guidelines, notices, circulars and announcements from time to time issued by us to you, each of which shall form a part of these Terms. The use of cryptocurrency may be illegal in some jurisdictions. It is your responsibility to know the regulatory requirements concerning transactions with cryptocurrency in your jurisdiction before using the Services.
3. Notwithstanding the fact that we may notify you of any major changes we make to these Terms electronically, you shall be responsible for regularly reviewing these Terms. At any time, you can view our then-current Terms on our website. All amendments, supplements and revisions shall be effective upon publication on our website. When you use the Services after our publication of any such amendment, supplement or revision, you agree that you are deemed to have read and agreed to the latest version of our Terms, Privacy Policy and such other policies and guidelines, notices, circulars and announcements from time to time issued by us to you. If you do not agree to such amendments, supplements or revisions, you shall immediately stop using all of the Services.
4. These Terms shall be effective and legally binding on the earlier of the dates when (a) Customer creates a KAST Business Card; (b) affirmatively accepts the Terms in writing or electronically; or (c) otherwise uses KAST Services. Subsequently, these Terms shall continue in effect until the date when you close your KAST Business Card and discontinue use of our Services. Your acceptance of these Terms shall confirm that you fully understand and accept all provisions in these Terms. If you do not understand any of these Terms, you are advised to obtain independent legal advice with respect thereto.
5. To help the government fight the funding of terrorism and money laundering activities, which requires all financial institutions to obtain, verify, and record information that identifies each person who requests or accesses an account. This means when you open a KAST Business Card, to the extent applicable, we may ask for name, address, tax identification number, other identifying information and relevant supporting instruments from you, your Authorised Representatives, actual Cardholder, and/or your end customers or the beneficial owners of such that will allow us to identify the actual receivers our Services have provided to.
6. Subject to the General Agreement, you further agree and acknowledge that we may take any and all actions as we in our sole and absolute discretion consider necessary or appropriate for the purpose of complying with the AML Laws and our internal policies and procedures with respect to AML/CTF, including but not limited to any temporary or permanent suspension or termination of your Account or of your access to the Platform or our provision of any Services to you or the imposition of additional limits on your Transactions or other activities under your Account, without prior notice and without liability or compensation to you.
CARDHOLDERS
1. Card Issuance. When a Customer or an Authorised Representative requests a KAST Business Card, it will be issued in the form of a digital Card (“Virtual Card”) by default. A Virtual Card shall consist of a 16-digit primary account number (or its tokenized equivalent), expiration date and a Customer verification value (“CVV”) code (collectively, the “Card Details”), each of which will be made available to you via the platform of KAST (the “Platform”). We may provide functionality for physical Cards (“Physical Cards”) later upon official notice.
  1. Virtual Card. A Virtual Card may be used to make purchases over the phone, the internet or for other transactions where a Card is not present by entering Card Details where the Card Network is accepted as a means of payment. A Virtual Card cannot, without a digital wallet, such as Apple Pay and Android Pay, be used to make a payment in person or in any transaction that requires the use of a Physical Card.
  2. Physical Cards. Physical Cards may generally be used the same way as Virtual Cards and may also be used for in store and transactions (with or without a digital wallet where such functionality is permitted) where a card is present and where the Card Network is accepted electronically.

You acknowledge that the Transactions made through the use of Cards may not be timely executed, such cases may arise from the failure of communicating with a Card Network out of our control or comprehensive account management activities for bank re-balance purpose which are uncontrollable or unforeseen under system disruptions exceeding the capability of our fund processing channel. When the aforementioned happens, you may temporarily be unable to use your KAST Business Card or obtain information about your account. KAST shall not be responsible or liable, under any circumstances, if this happens.

Good Funds Card. The Customer can make Card Transactions up to the Available Amount to pay for goods and services using the Available Amount in the Card that are linked to the Customer’s account set up by KAST or our service providers. Before making a Card Transaction, the Customer must ensure the Available Amount is sufficient to cover the full amount of the proposed Card Transaction. The Customer also acknowledges that the amount of each Card Transaction will be immediately deducted from the corresponding Available Amount either shown in cryptocurrency or fiat units at an exchange rate subject to Clause 2.6 (Conversion and Refunds) of the Terms. The Card is a “good funds card” and KAST has the right to use the Available Amount to settle any outstanding balance incurred on the Card (including all related fees) within the time period determined by KAST from time to time, which, other than for fees, may be on the same day or up to a few days after the date of the Card Transaction. Please note we do not provide a deposit account or stored value facility. Any reference to ‘KAST Business Card’ on the KAST Platform is to the accounts through which KAST provides the above Services, which has no stored value function. You represent and agree that the Cards will not be used for internet gambling, any illegal transaction or any other transaction prohibited by Clause 2.9 (Use of Our Services), applicable law or our General Agreement.

It is the Customer’s obligation to notify each Cardholder of any restrictions that apply to a Card and the rules regarding the use of Cards. The Customer must only use, or permit additional Cardholders to use, the Card if it is duly authorized to such Cardholder.

Transaction and Credit Limit. KAST and/or our third party service providers may:
1. impose an aggregate amount limit on the Card which amount the Card is able to transact on the maximum level with or without notice to the Customer, based on KAST’s reasonable assessment of the credit risks associated with the Card account, including but not limited to the Customer’s account status, payment history and information made available to KAST from credit reference agencies;
2. set Card Transaction limits on a per day or per Card Transaction basis from time to time; and
3. place limits on the number of active Cards or the number of Cards the Customer can request from KAST each month or at any one time.
Card Restrictions. The Customer may make a request in writing to KAST to set restrictions on the:
1. maximum single or aggregate Card Transaction amount(s);
2. place(s) at which, or merchant(s) with which, a Card may be used by each Cardholder.

KAST will inform the Customer once the request is approved and implemented.

Pre-authorisation. Certain merchants may require pre-authorisation of the estimated amount, or a certain percentage, of the final amount of a Card Transaction. The Available Amount may be reduced by any pre-authorisation amount. Any portion of such pre-authorised amount which is not applied to the final Card Transaction will be re-added to the Available Amount.
Conversion and Refunds. When you proposed to enter a Card Transaction with a merchant in a Direct Billing Currency, we will be able to purchase and/or convert cryptocurrencies on your behalf in accordance with the General Agreement subject to the applicable fees displayed during the purchase flow and deduct applicable amount of Available Amount in your account. The price, exchange rate and amount of the cryptocurrency will be confirmed at the time of successful payment of your Card Transaction. If the Card Transaction made by the Customer in other fiat currency but not conducted in Direct Billing Currency, on top of conversion process as mentioned above in this clause, additionally KAST may automatically convert the transaction currency to the Direct Billing Currency at the prevailing exchange rate at the time of the Card Transaction. The Customer acknowledges and agrees that KAST has no control over the foreign exchange rates selected by the Card Network and the Card Network may charge a fee as part of this conversion process.

If a Cardholder receives a refund for a Card Transaction in a Direct Billing Currency, KAST will credit back the Available Amount converted from the Direct Billing Currency to your account as cryptocurrency at an exchange rate determined by the market price at that time when the refund was actually initiated, in the similar proceedings as before how the Card Transaction was processed.

Merchant Surcharges. If a merchant applies a surcharge to Card Transaction (“Surcharge”), it will be applied upon confirmation of the amount of the Card Transaction by the Cardholder. The Surcharge may appear (i) as a separate transaction, or (ii) as part of the entire Card Transaction. Once the Cardholder has confirmed the Card Transaction, it will not be able to dispute the Surcharge.
Authorisation. Card Transactions may require KAST’s authorisation. Before providing authorisation, KAST may require the Cardholder to verify their identity. The Customer acknowledges and agrees that KAST is not liable to the Cardholder or any other person for any loss suffered as a result of authorisation not being granted. KAST may in its reasonable discretion deny authorisation of a Card Transaction and/or suspend the use of the Card without giving any advance notice, including (but not limited to) in circumstances where:
1. the Available Amount is insufficient;
2. the Card Transaction exceeds any transaction limit on the Card from time to time;
3. KAST suspects that there is fraud or a security issue;
4. KAST suspects that the Card is being used for an illegal purpose; or
5. KAST suspects that a Cardholder has breached the General Agreement or these Terms.

KAST will give the Customer notice of any suspension and the associated reasons as soon as possible after implementing the suspension, unless it would compromise KAST’s reasonable security measures or otherwise be unlawful. KAST will lift the suspension as soon as practicable after the reasons for the suspension have ceased to exist.

Use of Our Services. You shall only use the Services for the purposes as agreed and set forth in these Terms and any use of KAST’s Platform or Services for any other purpose will be regarded as a breach of this Terms. You acknowledge and agree that you will not, or permit any users or any other third-party (including your actual Cardholders) to, use or access the Services, directly or indirectly to:
1. engage in any activity that interferes with, disrupts, damages, or accesses in an unauthorized manner the Services, servers, networks, data, or other properties of KAST or of its service providers, suppliers or licensors;
2. do or omit to do anything which KAST reasonably believes to be disreputable, or which is otherwise capable of damaging the reputation or goodwill of KAST or any of its service providers, service partners or any applicable Card Network Rules;
3. engage in any criminal, fraudulent, or other unlawful activity;
4. make the Services available to, or use any of the Services for the benefit of, anyone other than you or your Authorised Representatives, unless authorized and approved by KAST;
5. access or attempt to access non-public KAST’s systems, programs, data, or services; or
6. copy, reproduce, republish, upload, post, transmit, resell, or distribute in any way, any data, content, or any part of the Services, or any KAST’s or our service providers’ APIs or technical documentations provided to you, except as expressly permitted by Applicable Laws.

To the extent applicable, you hereby represent and warrant that you have established an internal reviewing system designed to control and monitor the use of our Service by actual Cardholders. This system ensures compliance with all of these Terms (especially Clause 2, Clause 7 and Clause 8), Applicable Laws and other notices. Furthermore, you agree to maintain and enhance this system to remain in compliance throughout the term of our Service.

CUSTOMER DUE DILIGENCE
1. To meet our obligations under Applicable Law, before we provide our Services to you and from time to time during our provision of Services to you, we may carry out Customer due diligence checks on you, your directors, partners, ultimate beneficial owners, and employees (as relevant) and Authorised Representatives together with any parties involved in your transactions or use of the Services in accordance with our General Agreement. You must provide us with complete, accurate, and up-to-date information at all times. You will promptly provide any additional information we require at any time, at the latest within two (2) Business Days of a request from us. You acknowledge that we may not provide you with any of our Services until we have received all the information we require. We will not be responsible for any loss arising out of your failure or delay in providing us with the information we require.
2. Assistance in Obtaining KYB/KYC Materials. To the extent applicable, you also agree to use diligent and reasonable efforts to assist in the procurement of KYB/KYC materials from the actual Cardholder or your end customer, as may be required and requested by us from time to time to ensure compliance with Applicable Laws and regulatory requirements.
3. You agree that we may make, directly or using a third party, any inquiries we believe are necessary to verify information you provide to us, including checking commercial databases or credit reports. We may keep records of such Customer due diligence checks in accordance with Applicable Law.
4. You agree that our provision of, and your ability to use, the Services is subject to: (a) successful completion of the initial, and any subsequent, Customer due diligence checks including credit evaluations (if applicable); and (b) there being no material changes to your credit status during the term of the Terms.
5. Compliance with Sanctions Regulations. You understand that KAST may comply with relevant sanction laws and regulations enforced by various jurisdictions as specified in General Agreement. No Service shall be provided to any individual or entity which (a) prescribed as sanctioned; (b) subject to any sanctions; (c) violates any Sanctions Regulations; or (d) violates any internal compliance and risk management policies of KAST. You shall strictly comply and be bound by the sanctions regulations and policies subject to the General Agreement and shall not use any Service to engage in any activity which violates or tends to violate the sanction clauses specified in the General Agreement. Your violation of any of the foregoing provisions shall be a material breach of this Terms, in which case KAST shall be entitled to, in addition to other remedies available at law or in equity, suspend or terminate all or part of our Services without compensation to you, and you shall indemnify the Indemnified Parties from all losses arising therefrom (if any).
WARRANTIES
1. Customer Warranties. The Customer represents and warrants and undertakes on an ongoing basis that:
  1. if the Customer is natural person, the Customer is at least eighteen (18) years of age;
  2. if the Customer is a company, the Customer is a company duly incorporated under the laws of its place of its formation;
  3. it has full capacity, authority and all necessary licences, permits and consents to enter into and to exercise the rights, and perform its obligations under, the Terms;
  4. its entry into and performance of the Terms do not:
    1. conflict with or result in the breach of or default under any provisions of the Customer’s articles of incorporation or association, by-laws or any other constituent documents; and
    2. conflict with or result in the breach of any Applicable Law or other restrictions or obligations that the Customer’s business is subject to;
  5. it will provide KAST with accurate, up-to-date and complete Customer due diligence information and data at all times; and
  6. it will use the Services only for lawful purposes and in compliance with the applicable Terms;
  7. it will comply with all Applicable Laws in connection with the Terms and the performance of its obligations under the Terms; and
  8. it will not use the Services, directly or indirectly, for any fraudulent undertaking or in any manner so as to interfere with the operation of the Services.
2. Conduct. The Customer is solely responsible for any use of the Services, the app and other features of the KAST Platform, including the content of any data or transmissions it executed through the KAST Platform, or by any Authorized Representative. The Customer will use all reasonable endeavours to ensure that no unauthorised person will or could access its profile, any of the Services or other features of the KAST Platform or the website. The Customer will not interfere with, disrupt, or cause any damage to other users of the KAST Platform, the website or the Services.
3. Disclaimers. To the extent permitted by law, KAST makes no warranties, guarantees or representations of any kind with respect to the KAST Platform, the website or the Services. All warranties, conditions and terms, whether expressed or implied by statute, common law or otherwise (including any implied warranties of merchantability, satisfactory quality or fitness for a particular purpose or non-infringement of third party rights) given by KAST are excluded to the extent permitted by law. In particular, KAST:
  1. does not make any commitments about the content or data within the KAST Platform, the specific functions of the Services or its accuracy, reliability, availability or ability to meet the Customer's needs;
  2. does not guarantee that the Services will operate uninterrupted or error-free, will always be available, contains and/or displays information that is current or up-to-date, and will be free from bugs or viruses, or never be faulty;
  3. may occasionally have to interrupt the Customer's use of the Services for operational, security or other reasonable reasons. In such a case, KAST will restore access as quickly as practicable; and
  4. does not offer financial advice and the Customer must not treat any information or comments by KAST as financial advice.
4. Non-reliance. KAST may work with third parties, including but not limited to other KAST Affiliates, to provide the Services. If the Customer receives information from KAST regarding or marked or indicated as provided by such third parties, the Customer will not rely on such information and will not make any claims against such third parties or KAST in relation to such information. The Customer bears all risk and responsibility if it chooses to rely on such information.
SERVICE FEES
1. In consideration for the Services, the Customer shall pay to KAST relevant Service Fees. The Service Fees will be charged separately depending on the Service used by the Customer with details set out in the Fee Schedule (which forms part of the Terms) or as otherwise agreed in writing with us. Such Service Fees will be directly deducted from the Customer’s account. It is the Customer’s responsibility to maintain sufficient balance in the account, otherwise KAST is entitled to suspend Services at any point of time.
2. Recurring Fee. Some of the Services we provide may require Service Fees to be paid for on a recurring basis. By activating or using our Service (including after the completion of any trial period, if applicable), you agree to pay the recurring fees applicable to such subscribed Service listed in our Fee Schedule, or as otherwise agreed in writing.
3. Unless otherwise specified in the Fee Schedule, the Customer must always pay KAST in the currency in which KAST bills the Customer. If KAST accepts late payments or any payment described as being in full or in settlement of a dispute, KAST shall not lose any of its rights under these Terms or at law, and it does not mean that KAST agrees to change these Terms. KAST may credit part payments to any of the Customer’s outstanding Charges as KAST chooses.
4. Tax. All amounts payable to KAST under the Terms are exclusive of all taxes and similar fees now in force or enacted in the future, which the Customer will be responsible for and will pay in full without any set-off, counterclaim, deduction or withholding unless prohibited by Applicable Law. Where the Customer is obliged by Applicable Law to deduct withholding tax from any payment made to KAST:
  1. the Customer will promptly notify KAST of the requirement;
  2. both of KAST and you will make all necessary filings in order to ensure the provisions of any applicable tax treaty applies to the payment;
  3. the Customer will pay to KAST such additional amount as will result in the receipt by KAST of the full amount which would otherwise have been receivable had no withholding or deduction been payable;
  4. the Customer will pay to the relevant authorities the full amount required to be deducted or withheld when due; and
  5. the Customer will promptly forward to KAST an official receipt (or a certified copy), or other documentation reasonably acceptable to KAST, evidencing payment to such authorities.
5. KAST may deduct any amounts that the Customer owes KAST from time to time from the funds KAST collects or receives as part of the Services or from any amount provided as security pursuant to the Terms. If the Customer does not have enough funds to pay the amount owed to KAST, KAST may, at the Customer's cost, take reasonable steps to recover this amount (such as taking legal action or using debt collection services).
6. Security. KAST may, at any time, require that the Customer procures, within thirty (30) days (or such longer period as the parties agree) after receiving KAST's written request, a guarantee, indemnity or other security (including the replacement of any existing security) in such form and over such assets as KAST may reasonably require to secure to its reasonable satisfaction the performance of the Customer's obligations (including contingent or potential obligations) from time to time under the Terms.
SAFETY MEASURES
1. The Customer must:
  1. ensure that each Card is used only by the Cardholder that has been authorised by the Customer and KAST to use that Card;
  2. not share the Card PIN with any other person other than the Authorised Representatives and Cardholders;
  3. not use numbers for the PIN which could be easily guessed by someone else;
  4. not record the PIN on anything that is carried with the Card or on anything else that is at risk of being lost or stolen; and
  5. regularly review transactions on the Card as recorded on the Platform.

The Customer must also comply with any additional safety requirements as notified by KAST from time to time and shall cooperate with KAST to implement such safety measures among Cardholders (in applicable).

LOST/STOLEN CARD OR UNAUTHORISED USE
1. If the Cardholder believes a Card has been lost or stolen, the PIN or Card Details have been compromised and/or the Card has been used without proper authorisation, it must stop using the Card and notify KAST immediately.
2. If KAST suspects there has been unauthorised use, misuse or fraud in connection with a Card, KAST may disclose any information it believes to be reasonable to law enforcement agencies.
3. KAST may request additional information from the Cardholder in connection with any alleged or suspected unauthorised use, fraud or misuse of the Card including date of transaction(s), amount(s), details of the merchant and any other details that may assist KAST in investigating. The Customer agrees that it will cooperate with KAST in investigating any alleged or suspected unauthorised use, fraud or misuse of a Card.
Beta Phase. The Services provided under this Agreement are currently in a beta/pre-release stage (“Beta Services”). The Beta Services are experimental, provided on an “AS IS” and “AS AVAILABLE” basis with no warranties of any kind (express, implied or statutory), and may contain bugs, errors, defects, incomplete features, security vulnerabilities or performance limitations. KAST may modify, suspend or discontinue the Beta Services at any time without notice or liability, and upon transition to the commercial version, continued use will be subject to the then-current commercial terms, fees and conditions.
LIABILITY
1. The Customer is liable for Card Transactions made by actual Cardholders until the Card expires or is cancelled.
2. The Customer will be liable for Card Transactions that the Customer believes were made without its authorisation (“Unauthorised Transactions”) where a Cardholder has:
  1. compromised the security of the Card, PIN, Card Details or the Customer’s account including by breaching Clause 2 above; or
  2. failed to report the loss, theft or misuse of the Card, PIN or Card Details in accordance with Clause 8 above.
3. In the case of Clause 9.2(b) above, the Customer will be liable for all losses until such time as it notifies KAST of the loss, theft or misuse of the Card.
4. The Customer is bound by all requests made by an Authorised Representative for KAST to issue Cards to Cardholders. The Customer represents and warrants that all Additional Cardholders requested by the Customer or an Authorised Representative shall have appropriate authorisation to use Cards and agrees that KAST does not have any obligation to verify such authorisation. KAST is not responsible for resolving disputes between the Customer, any Authorised Representatives and any additional Cardholders.
CHARGEBACKS
1. We may be entitled to seek to reverse/chargeback Card Transactions made through your Card in accordance with Clause 2.6 where the Cardholder has a dispute with the merchant that supplied the good or services. For example, the Cardholder may be entitled to reverse a Card Transaction where the merchant has not provided with the agreed goods or services and the Cardholder has tried to obtain a refund of the disputed amount from the merchant and was unsuccessful.
2. To avoid losing any rights the Cardholder may have to dispute such a Card Transaction, you should or, to the extent applicable, should cooperate to:
  1. tell us as soon as possible after the date of the Card Transaction; and
  2. provide us with any information we ask for to support the request.
3. If we are satisfied after investigation that the Cardholder is entitled to reverse a Card Transaction, the disputed amount will be credited to the Available Amount in accordance with Clause 2.6.
4. You should notify or cooperate to notify us immediately of a disputed Card Transaction. The Card Network Rules impose time limits for raising a dispute. Generally, under these rules KAST and/or our service providers must lodge a fully detailed claim on your behalf within 120 days. If you do not notify us and provide us with sufficient information, we may be unable to investigate or lodge a claim in time in which case you will be liable for the Card Transaction. It is your responsibility to review carefully your Card Transaction history. We are not responsible for any loss to you if you do not ask us to reverse a Card Transaction in time.
5. To notify us of a disputed Card Transaction, please contact us and request a Card Transaction dispute form and send the completed form to KAST by email at support@kastcard.com.
DISCLAIMER
1. For avoidance of doubt, KAST and its Affiliates shall have no liability in respect of:
  1. any incidental, punitive, indirect, special or consequential losses suffered or incurred by the Customer and Cardholder;
  2. any (i) loss of profits; (ii) loss of business opportunities or bargain; (iii) loss of revenue; (iv) loss of anticipated profits; (v) loss of or corruption of data or loss associated with the same; (vi) loss of operation time or loss connected with or arising from business interruption; (vii) loss of anticipated savings; and/or (viii) damage to goodwill or any other damage to reputation, (in each case, arising as a direct or indirect result of the applicable claim);
  3. any loss outside of the direct control of KAST and/or any of its Affiliates that arises from the negligence, fraud or wilful misconduct or the insolvency of any third-party correspondent bank, third party service provider, or other institutions who is part of the Transaction used to provide the Services;
  4. the non-execution, or defective execution, of transactions or instructions if any information you provide in the Customer's instructions is incorrect or if such non-execution or defective execution arises out of the Customer’s failure or delay in providing us with the information we require in accordance with the Terms; and
  5. any error, mistake or non-performance arising from the third party service provider fails to process the payment correctly.
2. The maximum aggregate Liability in any one (1) calendar year of KAST in relation to the Terms shall not exceed the aggregate Service Fees paid by the Customer in respect of that year in relation to the Terms.
3. Damages alone may not be an adequate remedy for breach and accordingly either party will be entitled to seek the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach.
STATEMENTS
1. If fees are payable on a Card, KAST will send the Customer monthly statements showing the amount that is needed to pay to KAST to settle all obligations under the Account. The Customer is required to pay the fees in full within 10 days of the date of the monthly invoice (“Payment Due Date”). The Customer is responsible for confirming the correctness of the monthly statement. If the Customer disputes any transaction amount, fee or charge (collectively “Charge”), the Customer must notify KAST no later than five days from the statement date, otherwise KAST will treat the statement as conclusive evidence of its contents. KAST will take reasonable steps to assist the Customer to resolve disputed Charges by providing information about the disputed Charge. If KAST agrees to give the Customer a temporary credit for a disputed Charge, the Customer must pay KAST for all other charges.
2. Unless otherwise specified in the Fee Schedule, the Customer must always pay KAST in the currency in which KAST bills the Customer. If KAST accepts late payments or any payment described as being in full or in settlement of a dispute, KAST shall not lose any of its rights under this Agreement or at law, and it does not mean that KAST agrees to change this Agreement. KAST may credit part payments to any of the Customer’s outstanding Charges as KAST chooses.
DEFINITION

“Affiliate” shall mean, with respect to any person, any person that directly, or indirectly through one (1) or more intermediaries, controls, or is controlled by or is under common control with the person specified. For the purpose of this definition, “control”, “controlled” and “controlling” shall mean the possession through the ownership of more than fifty-one percent (51%) of the voting shares of such person;

“Applicable Laws” means in any jurisdiction in which the Services are to be performed any and all applicable laws, regulations and industry standards or guidance and any applicable and binding judgment of a relevant court of law, including in relation to money service business, payment services, anti-money laundering, consumer and data protection;

“Authorised Representative” means any person authorised by the Customer to open an Account on behalf of the Customer, to operate such Account, and/or to give Instructions to KAST. We will deem any Instructions received through the Account as properly authorised by the Customer;

“Available Amount” means the collateral in the Customer’s account and can be used to pay for goods and services. Currently, the composition of such collateral is limited to selected cryptocurrencies, as periodically determined at our sole discretion, and expressly excludes any collateral denominated in fiat currency. We may consider fiat currency collateral as an additional top-up method in our then-current product;

“Cardholder” means each of the Customer, the end customer of you (if any) and any additional actual cardholders a person to whom KAST has directly or indirectly issued a KAST Business Card at the Customer’s request, which together are the “Cardholders”;

“Card Transaction” means a transaction made on a KAST Business Card by a Cardholder with a merchant that accepts such cards;

“Card Network” means major international payment networks such as Visa, Mastercard and etc. as those may be supported by KAST and our service providers from time to time;

“Customer Data” means information that describes the Customer and its business (including proprietary business information) and its operations, its products or services, and orders placed by its customers, including details of the transactions transmitted via the KAST infrastructure and data contained or inputted into our system;

“Customer Material” means any systems, software, materials, data (including Customer Data and Payment Data), content, logos, trade marks, trade names, documents and/or other equipment or materials provided by the Customer to KAST and used by KAST directly or indirectly in connection with the supply of the Services;

“Direct Billing Currency“ means a fiat currency that the Customer is permitted to transact with a merchant in using a Card and which amount will be deducted from the Customer’s account shown in either cryptocurrency or fiat units, converted in an exchange rate as determined by market price at the time of Card Transaction in accordance with Clause 2.6;

“Fee Schedule” means the fee schedule applicable to the Services published by KAST on our website or as we have otherwise agreed in writing with you;

“Payment Data” means payment account details, information communicated to or by financial services providers, financial information specifically regulated by Applicable Laws and Card Network Rules, and any other transactional information generated as part of the use of our Services;

“Service Fees” means the fees applicable to the use of any of the Services;

“Transaction” means any transaction under the Services, including any fund transfers or bank transfers, electronic money or telegraphic transfers, and any point-of-sale or card-not-present transactions, as contemplated or indirectly triggered under this Terms. This includes instances of any attempted transactions that have yet to be completed, or attempted transactions that may have eventually failed, for whatsoever reason as contemplated in this Terms or transactions that are eventually undertaken and completed by KAST or through our service providers.