Terms and Conditions

Camelot bv · version 1.0 · effective from 6 May 2026

These terms and conditions govern admission to one of the Orders of Camelot, the delivery of associated NFT membership certificates and NØA tokens, and all related rights and obligations between Camelot bv (hereinafter "Camelot") and the member (hereinafter "you"). By confirming your order, you expressly accept these terms without reservation.

1. Definitions

• Camelot: Camelot bv, with registered office at Meersemhof 41, 9050 Gentbrugge, Belgium — company number 0477.799.234.
• Website: nftcollection.camelotlabs.be and all other domains under camelotlabs.be.
• Order: one of the six membership tiers — Squire, Defender, Knight, Camelot, Excalibur or Holy Grail.
• NFT: non-fungible token on the Hedera network representing your membership in an Order.
• NØA: the Camelot utility token, issued on the Hedera network. Tradable on SaucerSwap. Full description in the whitepaper, Chapter II.
• SØF: the Camelot reward token on the Hedera network, earned through NØA staking or as cashback when paying with NØA at accredited Partners. SØF has no contractual counter-value, is not backed by a reserve, and is not a tradable financial instrument. Full description in the whitepaper, Chapter III.
• AVALØN: the voting token of the Camelot Family community on the Hedera network, not sold and not traded. Confers no corporate-law voting rights within Camelot bv. Full description in the whitepaper, Chapter III bis.
• Camelot Treasury: the multi-sig Hedera account 0.0.10462288 that holds the Camelot Order NFT collection, NØA, SØF and AVALØN under shared key management.
• Camelot Dapp: the decentralised platform developed by Camelot Labs on the Hedera network, combining staking, harvest, governance and the Partner portal (launch Q1 2027).
• Camelot Family: the community of Camelot Order NFT holders, with the benefits associated with their Order, common events, and governance via AVALØN.
• Membership: the right to consider yourself part of the Camelot Family with the benefits associated with your Order.
• Hedera Account ID: the account on the Hedera network that you control (format 0.0.xxxxxx) to which the NFT and NØA tokens are sent.
• Custody: the arrangement under which Camelot, at your request, holds your NFT and NØA tokens in its treasury account until you provide your Hedera Account ID to Camelot.

2. Application

These terms apply to every membership purchased via the Website. Deviations are only valid after written confirmation by Camelot. In case of conflict, the most recent version published on the Website prevails.

3. Offer and order

The offer (six Orders with associated prices, NØA packages and any temporary promotions) is displayed on the Website. Camelot may amend or discontinue the offer at any time without prior notice, except for orders already placed and confirmed.

An order is concluded once you sign the form in step 3 ("Seal membership"), effectively execute the indicated payment, and Camelot receives and confirms the payment.

4. Admission to an Order (NFT membership)

Upon receipt of payment, Camelot mints a unique NFT representing your membership and either sends it directly to the Hedera Account ID you specified, or holds it in custody (see article 7bis) if you indicated upon ordering that you do not yet have a Hedera account. It is your responsibility to provide a valid Hedera Account ID (format 0.0.xxxxxx); minting or transfer to a wrong or invalid account is irreversible and falls outside Camelot's liability.

The NFT constitutes the canonical proof of your membership. Loss of access to your Hedera account means loss of the NFT and therefore of the proof of membership.

Benefits per Order. Specific benefits are attached to each of the six Orders (Squire, Defender, Knight, Camelot, Excalibur, Holy Grail), including a discount on Camelot Family membership (from 10% at Squire to lifetime free at Holy Grail) and a staking bonus on the SØF pool of the Camelot Dapp (rising from +5% to +30%). The full list is in the Order Statutes, article 4.

"Lifetime" membership is aspirational. The term "lifetime" refers to Camelot Labs' intention to maintain the Camelot Family community for as long as possible. It is not a legal guarantee of perpetual existence; the continuity of the ecosystem depends on technical, financial and community factors.

5. NØA, SØF and AVALØN tokens

5.1 NØA — native utility token

With each membership, in addition to the NFT, you receive a package of NØA tokens calculated on the amounts excluding VAT. The VAT is converted 1-to-1 into additional ("bonus") NØA tokens. Any temporary promotions come on top of that.

NØA tokens are transferred to the specified Hedera Account ID within a reasonable time after receipt of payment, or held in custody pursuant to article 7bis. NØA tokens are utility tokens; not a share, not a right to dividend, and not a financial instrument within the meaning of applicable regulation (including MiFID II and MiCA).

Transparent HBAR funding at issuance. At each NØA issuance, Camelot publicly demonstrates that an equivalent HBAR funding was present at the moment of mint. This is a one-off transparency demonstration per Emission Badge, not a continuous backing obligation, not a peg, not a redemption right and not a price promise. NØA is not a stablecoin, not an asset-referenced token (ART) and not an e-money token (EMT) under MiCA Regulation (EU) 2023/1114. NØA trades freely on SaucerSwap; the market value fluctuates with supply and demand and may fall to zero. Full description in the whitepaper, Chapter IV.

Vesting of internal allocations. NØA allocations for Project Team, Project Development, Developers Team and Founders are subject to a vesting schedule (12 months cliff + 36 months linear release) fixed in smart contract. Full description in the whitepaper, Chapter VI.

5.2 SØF — reward token

SØF is earned in two ways: (i) as reward in NØA staking via the Camelot Dapp (Epoch basis), and (ii) as cashback when paying with NØA at an accredited Camelot Family Partner (see article 6). The cashback is funded by Camelot from the Camelot Family pool; the Partner bears no marketing cost. SØF has no guaranteed counter-value, no reserve link, and is not a financial instrument.

5.3 AVALØN — community vote

AVALØN is the voting instrument within the Camelot Family community. AVALØN is not sold and not traded; it is earned through NØA holding, SØF holding, Order membership and exceptional merit within the realm. AVALØN confers no corporate-law voting rights in Camelot bv (see article 9.4) and is not a financial instrument.

6. Payment

6.1 Joining an Order

You can pay in EUR via Mollie (iDEAL, Bancontact, card, SEPA) or in HBAR directly to the Hedera treasury account designated by Camelot.

• EUR prices include Belgian VAT (21%).
• HBAR amounts are calculated based on the current HBAR/EUR rate at the time of order. The amount is locked at order creation and remains valid for 60 minutes. After that the order automatically expires.
• For HBAR payment, including the exact memo (reference code) is mandatory. Without a valid memo, Camelot cannot automatically allocate your payment; you must then contact us yourself.

6.2 Payment with NØA at Partners

Accredited Camelot Family Partners may accept NØA as payment for goods and services via the Camelot Partner Portal. With every NØA payment, the customer receives SØF cashback directly from the Camelot Treasury — not from the Partner. The cashback ratio is publicly announced at the launch of the Partner Portal and may be adjusted via AVALØN voting. Camelot bears the loyalty cost; the Partner bears no marketing cost. Full description in the whitepaper, Chapter VIII.

7. Delivery

The NFT and NØA tokens are transferred within 5 business days after receipt of payment to the Hedera Account ID you specified. Camelot makes reasonable use of the Hedera network and is not responsible for network delays, network outages, or third-party-caused delays.

7bis. Custody

If you indicate upon ordering that you do not yet have a Hedera wallet, Camelot offers — as an accommodation and at no additional cost — a temporary custody arrangement. The following express provisions apply:

• Nature of custody. Camelot holds your NFT and NØA tokens in its treasury account on the Hedera network. You remain the economic beneficiary; Camelot acts as a fiduciary custodian and does not use the tokens for its own account, does not transfer them to third parties, and does not pledge them as collateral.
• Duration. Custody lasts a maximum of twelve (12) months, counting from the date of payment.
• Your obligation. Within the aforementioned period you must provide a valid Hedera Account ID to Camelot via support@camelotlabs.be, mentioning your reference code (format CMLT-ORDE-XXX-XXXXXX). Upon receipt, Camelot will send the NFT and NØA tokens to the specified account within 5 business days.
• Inactivity. If after eleven (11) months you have not yet provided a Hedera Account ID, Camelot will send you one reminder to the email address provided at order time. If you do not respond within one (1) month after this reminder, Camelot is entitled — at its sole discretion — to either (a) cancel the order and refund the originally paid amount (in EUR or the HBAR equivalent at the date of refund) to the payment channel you specified, or (b) terminate custody and consider the NFT and NØA tokens as a waiver of right, in which case Camelot may dispose of these tokens freely.
• Liability. Camelot is not liable for (i) loss of access to your email account such that you do not receive our reminder, (ii) value fluctuations of NØA, HBAR or the NFT tier during the custody period, (iii) damage resulting from a wrong Hedera Account ID later provided by you. Camelot's total liability for loss of tokens held in custody as a result of its intent or gross negligence is limited to the amount you paid for the relevant membership, in accordance with article 9.
• No money handling. Custody concerns digital tokens (NFT and NØA) only and not euros, foreign currencies, or fiat equivalents. It does not constitute a deposit service, wallet service, or payment service within the meaning of Book VII of the Belgian Code of Economic Law or applicable European regulation (PSD2, MiCA).
• Termination at your request. You may at any time during the custody period request, free of charge, cancellation and refund. Any amounts already paid out to you or tokens already forwarded shall in that case be set off.

8. Right of withdrawal

The NFT and NØA tokens delivered alongside it concern digital content not delivered on a tangible medium and which is performed immediately after payment. In accordance with Book VI of the Belgian Code of Economic Law, by placing your order you expressly waive your right of withdrawal. Once the NFT has been minted and the NØA tokens transferred to your Hedera account, withdrawal is no longer possible.

In case of custody (article 7bis), your waiver of the right of withdrawal is limited to the period after actual delivery to your Hedera Account ID. Until such delivery, you may, in accordance with article 7bis, request cancellation and refund free of charge.

9. Warranty and liability

Camelot delivers the NFT and NØA tokens to the specified Hedera account within the term of article 7.

9.1 Grounds of non-liability

Camelot is not liable for:

• Loss or compromise of your private key — wallet and key management is your own responsibility. Camelot has no access to your wallet and cannot recover tokens after key loss, theft or compromise.
• Smart-contract risk — the Camelot Dapp and its protocols run on smart-contract code. Although periodically subjected to external audits, audits offer no full guarantee against bugs, exploits or hacks. Loss due to errors in smart contracts or external attacks falls outside Camelot's liability.
• Hedera network risk — outage, slowdown, hard fork, governance change or termination of the Hedera Hashgraph network may affect the operation of your assets. Camelot has no control over the Hedera Council.
• Market value fluctuations of NØA, HBAR or related assets. Crypto-assets are volatile and may fall to zero — you may lose your entire investment. No deposit guarantee or insurance applies.
• Use on third-party platforms — use of NFT, NØA, SØF or AVALØN on marketplaces or applications outside the Camelot ecosystem.
• Actions of individual members of the Camelot Family community. The Camelot Family is an informal community; Camelot is not liable for statements or actions of its members.
• Unforeseen regulatory changes affecting the operation, classification or availability of NØA, SØF or AVALØN.

9.2 Forward-looking statements

The roadmap, milestones and all forward-looking statements in our whitepaper and other communications are indicative and not a guarantee. Milestones may be delayed, modified or cancelled depending on technical development, market conditions, regulation or governance decisions via AVALØN voting.

9.3 Limitation of liability

Camelot's total liability is in any case limited to the amount you paid for the relevant membership, except in case of intent or gross negligence.

9.4 No shareholder rights in Camelot bv

None of the tokens (NØA, SØF, AVALØN) confers shareholder rights in Camelot bv. Holders have no shareholding, no right to dividend, no formal vote in the general meeting, no right to liquidation surplus, and no corporate-law decision-making right within Camelot bv. Camelot bv is governed by its shareholders and management body in accordance with Belgian company law. AVALØN governance concerns exclusively community governance of the Camelot Family.

For a comprehensive list of risks, please refer to the whitepaper, Chapter XII bis "Risks and warnings".

10. Intellectual property

All rights to the Website, the visual identity, sigils and branding of the Orders, and the NØA mark belong to Camelot or its licensors. The NFT does not transfer copyright; your usage rights are limited to personal use and display as proof of membership.

11. Personal data

The processing of personal data is carried out in accordance with Camelot's privacy policy.

12. Amendment of terms

Camelot reserves the right to amend these terms. Pending orders are processed under the version that was valid at the time of the order. The version published on the Website is always the applicable one.

13. Governing law and competent court

These terms are governed by Belgian law. In case of dispute, only the courts of the judicial district of Ghent are competent, without prejudice to any mandatory application of consumer law.

14. Contact

Camelot bv
Meersemhof 41
9050 Gentbrugge, Belgium
Company number 0477.799.234

For questions: support@camelotlabs.be