Terms of Service.

In these Terms, the following definitions apply:

MyCut is a deal orchestration and automated payment disbursement platform built for multi-party transactions in Nigeria. MyCut is operated by Haulscape Technologies Ltd, a company incorporated in England and Wales (Company No. 15245660), with operational presence in Port Harcourt, Rivers State, Nigeria.

By using MyCut, you acknowledge and agree that MyCut operates as a technology intermediary only and that the movement of funds is governed by the terms and policies of 9PSB and Fincra.

3.1 Eligibility Requirements

To use MyCut, you must:

• Be at least 18 years of age
• Be a Nigerian resident or have a valid Nigerian Bank Verification Number (BVN)
• Have the legal capacity to enter into binding contracts under Nigerian law
• Not be prohibited from using financial services under any applicable law
• Not have had a MyCut account previously terminated for breach of these Terms

3.2 Account Creation

To create an account, you must provide accurate and complete information including your full name, email address, and phone number. You must complete KYC verification as required by your deal tier before initiating or participating in a deal.

You are responsible for maintaining the confidentiality of your account credentials. You must notify MyCut immediately at support@mycut.biz if you suspect unauthorised access to your account.

3.3 One Account Per Person

Each individual or entity may hold only one MyCut account. Creating multiple accounts to circumvent deal limits, KYC requirements, or any suspension is a material breach of these Terms and will result in permanent termination of all associated accounts.

3.4 Business Accounts

Entities and companies wishing to use MyCut for corporate deals must complete Tier 3 KYB (Know Your Business) verification. The individual registering on behalf of the entity warrants that they have authority to bind the entity to these Terms.

MyCut applies CBN-mandated tiered KYC requirements. The tier applicable to a deal is determined by the total deal value:

You acknowledge that KYC verification is a legal requirement under CBN regulations and is not optional for completing any deal on the MyCut platform. MyCut reserves the right to suspend or terminate accounts that fail KYC verification or provide false documentation.

5.1 Creating a Deal

Any registered, KYC-verified user may create a deal on the MyCut platform. The deal creator must specify:

• The total deal value in Nigerian Naira (NGN)
• All parties to the deal and their respective roles
• The split percentage or fixed naira amount allocated to each party
• The expected deal account lifetime (funding window)

5.2 Negotiation

All deal terms are negotiated transparently in the MyCut Deal Room. All parties can view proposed terms, submit split edit proposals, participate in group polls, and raise questions. Every action in the Deal Room is timestamped and attributed to the KYC-verified identity of the party taking that action. The negotiation trail constitutes part of the deal record.

5.3 Consent and Deal Lock

Before a deal is locked, every party must complete MyCut's multi-step informed consent flow. This flow:

• Shows each party their exact role and exact naira amount
• Shows all other parties, their roles, and their amounts
• Displays the deal account lifetime
• Presents explicit, specific warnings about the irrevocable nature of consent
• Requires a final irreversible confirmation

Consent is tied to each party's BVN-verified identity. Once all parties have confirmed, the deal is locked. After lock, no party may withdraw consent, amend deal terms, or exit the deal. Any change to deal terms before all parties have consented resets all confirmations — no party is bound to terms they did not explicitly approve.

5.4 Deal Account and Funding

Upon deal lock, a deal-specific virtual bank account is generated via 9PSB. This account is configured to accept only the Exact Amount agreed in the deal. Any payment that deviates from the Exact Amount — whether higher or lower — will be automatically rejected by the payment infrastructure and returned to the sender. MyCut bears no liability for delays or losses arising from incorrect payments.

5.5 Disbursement

Upon receipt of the Exact Amount into the Deal Account, Fincra's disbursement engine is triggered automatically. All parties receive their agreed amounts simultaneously in a single disbursement operation. No human intervention occurs between fund receipt and disbursement. MyCut targets same-day disbursement, subject to 9PSB and Fincra processing times.

5.6 Deal Account Lifetime

Every deal has a stated account lifetime, agreed by all parties before lock. If the Exact Amount is not received within the account lifetime, the Deal Account is automatically closed per the dormancy policy agreed with 9PSB. Any funds received after account closure will be returned to the sender. MyCut bears no liability for deals that fail to fund within the stated lifetime.

MyCut charges a transaction fee on successful deal completion. Fees are deducted automatically at disbursement.

MyCut reserves the right to update its fee structure with 30 days' written notice to users. Updated fees will apply to deals created after the notice period expires. Deals already locked at the time of a fee change will be processed at the rate applicable at the time of lock.

7.1 Permitted Uses

MyCut may only be used for lawful commercial transactions between parties who have genuinely agreed to participate. Permitted uses include but are not limited to:

• Real estate agent commission splits
• Car sale finder's fees and middleman arrangements
• Creative and brand deal revenue splits
• Freelance and agency project payment arrangements
• Music and entertainment revenue sharing
• Event production revenue splits
• Legitimate joint venture and co-founder arrangements

7.2 Prohibited Uses

You must not use MyCut for any of the following:

• Money laundering, terrorist financing, or any activity prohibited under the Money Laundering (Prohibition) Act or CBN AML/CFT Guidelines
• Fraud, misrepresentation, or using false identity information
• Splitting proceeds of illegal activity
• Circumventing tax obligations under Nigerian law
• Creating deals with parties who have not genuinely consented to participate
• Adding fictitious or uninvolved parties to a deal to claim an unearned share
• Using MyCut to facilitate unlicensed lending, gambling, or investment schemes
• Any activity that violates applicable Nigerian, UK, or international law

MyCut is a technology platform. Once a deal is locked and funded, disbursement is automatic and cannot be reversed by MyCut. MyCut does not act as an arbitrator, mediator, or escrow agent in disputes between deal parties.

If a dispute arises regarding a deal, MyCut will:

• Provide the complete, timestamped deal audit trail to any party upon request
• Provide the consent records showing exactly what each party agreed to
• Cooperate with any court order or legal process relating to a deal

The MyCut audit trail and consent records are designed to constitute a legally enforceable contract record under Nigerian contract law. Users are advised to seek independent legal counsel if they wish to pursue a dispute through the courts.

MyCut is not liable for any losses arising from a dispute between deal parties, including but not limited to losses from one party's failure to perform their agreed role after receiving disbursement.

All intellectual property in the MyCut platform, including the software, design, deal room architecture, consent flow, branding, and associated documentation, is owned by Haulscape Technologies Ltd. Nothing in these Terms grants you any right, title, or interest in MyCut's intellectual property.

You retain ownership of any deal content you create on the platform (deal descriptions, negotiation messages). By creating this content, you grant MyCut a non-exclusive licence to store, display, and process it solely for the purpose of operating the platform and maintaining the audit trail.

MyCut is not liable for:

• Any loss arising from incorrect payment amounts sent to a Deal Account
• Any delay in disbursement caused by 9PSB or Fincra infrastructure
• Any loss arising from a party's failure to perform their agreed obligations after disbursement
• Any loss arising from a user providing false or inaccurate information during KYC or deal creation
• Indirect, consequential, special, or punitive damages of any kind
• Loss of profits, revenue, business, or goodwill
• Any loss arising from events outside MyCut's reasonable control, including but not limited to CBN regulatory changes, banking system outages, or force majeure events

Nothing in these Terms excludes MyCut's liability for death or personal injury caused by our negligence, fraud, or any liability that cannot be excluded by law.

11.1 Termination by You

You may close your MyCut account at any time by contacting support@mycut.biz. Account closure does not affect any deal that is already locked or in progress at the time of closure. You remain bound by these Terms in respect of all deals entered into prior to closure.

11.2 Suspension or Termination by MyCut

MyCut may suspend or terminate your account immediately and without notice if:

• You breach any provision of these Terms
• We have reason to believe your account is being used for fraudulent or illegal activity
• You fail KYC verification or are found to have provided false verification documents
• We are required to do so by a court order, CBN directive, or regulatory authority
• You create multiple accounts in breach of Section 3.3

Where permitted, MyCut will give you 14 days' written notice before terminating your account for reasons other than fraud, illegal activity, or regulatory requirement.

11.3 Effect of Termination

On termination, your access to the MyCut platform will cease. Deal records and audit trails will be retained for the periods specified in the Privacy Policy. Any deal locked prior to termination will continue to be processed to completion.

MyCut may update these Terms from time to time to reflect changes in our platform, applicable law, or regulatory requirements. When we make material changes, we will:

• Notify you via the MyCut app and by email to your registered address
• Give you at least 30 days' notice before the changes take effect
• Require you to accept the updated Terms before continuing to use the platform

Your continued use of MyCut after the effective date of any update constitutes acceptance of the updated Terms. If you do not accept the updated Terms, you must close your account before the effective date.

13.1 Governing Law

These Terms are governed by and construed in accordance with the laws of the Federal Republic of Nigeria. For users accessing MyCut from the United Kingdom, English law applies to any claim relating to the UK registered entity.

13.2 Dispute Resolution

In the event of a dispute between you and MyCut, the parties agree to first attempt to resolve the dispute through good faith negotiation. Contact us at support@mycut.biz with details of your complaint and we will respond within 14 business days.

If the dispute is not resolved within 30 days of your initial complaint, either party may refer the matter to:

• The Federal High Court of Nigeria — for disputes arising under Nigerian law
• The courts of England and Wales — for disputes arising under English law (UK entity)

Nothing in this section prevents either party from seeking urgent injunctive or other equitable relief from any court of competent jurisdiction.

14.1 Entire Agreement

These Terms, together with MyCut's Privacy Policy (available at mycut.biz/privacy), constitute the entire agreement between you and MyCut regarding your use of the platform and supersede all prior agreements, representations, and understandings.

14.2 Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, that provision will be modified to the minimum extent necessary to make it enforceable. The remaining provisions will continue in full force and effect.

14.3 Waiver

MyCut's failure to enforce any provision of these Terms on one occasion does not constitute a waiver of that provision or any other provision on any subsequent occasion.

14.4 Assignment

You may not assign your rights or obligations under these Terms without MyCut's prior written consent. MyCut may assign its rights and obligations under these Terms to any successor entity in connection with a merger, acquisition, or sale of assets, with notice to you.

14.5 No Third-Party Beneficiaries

These Terms do not create any rights enforceable by any third party, except that our infrastructure partners (9PSB and Fincra) may enforce any provisions of these Terms that relate to their services.

14.6 Language

These Terms are written in English. In the event of any conflict between an English version and any translated version, the English version prevails.

For questions, complaints, or legal notices regarding these Terms:

These Terms of Service have been accepted and authorised by a director of Haulscape Technologies Ltd.