AZL Founding Liquidity Provider Program — Terms

1. Program overview

The AZL Founding Liquidity Provider Program (the "Program") rewards a limited number of partners who supply liquidity to the AZL / USDC pool on Solana during its launch phase. Participants earn their normal share of trading fees from the pool, plus additional AZL incentives funded by N01ZET under these terms.

The Program is run by N01ZET, SAS with share capital of 10 487,98 €, registered at the Paris Trade and Companies Register under no. 902 420 991, registered office: 33 rue La Fayette, 75009 Paris, France ("N01ZET", "we"). It is not a token sale or fundraising round: N01ZET does not receive participants' funds, and participants keep full control of their liquidity positions at all times.

The Program's goal is a deep, stable AZL / USDC market that supports AZL's use across the N01ZET / Noisette ecosystem — careers, skills, rewards, payments, workplace benefits and AI.

2. Key facts

We publish these figures on https://apps.noisette.ai/en/azl/liquidity and update them if they change under section 10.

3. Eligibility

To take part, you must:

• Be at least 18 years old, or a legally registered entity.
• Not be resident in, or acting from, a restricted jurisdiction: the United States; any country subject to EU, UN, UK or US sanctions; and any country where the Program would be unlawful.
• Not be a person or entity on any EU, UN, UK or US sanctions list.
• Complete the identity and wallet verification (KYC / KYB) requested after approval, before any incentives are paid.
• Have experience with DeFi liquidity provision and understand the risks in section 8.
• Sign or accept the participation agreement sent after approval.

Places are limited. N01ZET selects participants at its discretion, including committed position size, commitment period and track record as an LP. Submitting interest does not guarantee a place. Employees, directors and contractors of N01ZET may not participate unless N01ZET confirms otherwise in writing.

4. How to participate

1. Apply to azl.nutzzz@n01zet.com from https://apps.noisette.ai/en/azl/liquidity, with the Solana wallet address you will use.
2. Get approved. We confirm your place and send the participation agreement from an @n01zet.com address.
3. Complete verification (KYC / KYB) as set out in that agreement.
4. Add liquidity to the official AZL / USDC pool listed in section 2, from your registered wallet, during the Program period.
5. Keep your position. You hold your LP tokens or position NFT in your own wallet. N01ZET never takes custody of your funds and will never ask you to send tokens to us.
6. Receive rewards. Trading fees accrue through the pool as normal. Program incentives are paid in AZL as described in section 5.

Only positions in the official pool, held by a registered wallet, count toward the Program.

5. Incentives

Trading fees. These come from the pool itself, not from N01ZET. You earn them in proportion to your share of the pool (and, for concentrated liquidity, only while the price is inside your range). N01ZET does not control or guarantee fee income.

Program incentives. N01ZET distributes, for each published epoch, an AZL envelope across eligible participants. Your share of each epoch is:

Your AZL = epoch rewards × (your time-weighted liquidity in USD) / (all participants' time-weighted liquidity in USD).

Liquidity is measured by regular snapshots and valued in USD at a price source published before start. For concentrated liquidity, only in-range liquidity counts. Any cap per participant per epoch, and what happens to excess, will be published before start.

Payment and vesting. Rewards are paid to your registered wallet on the schedule published before start (immediate payment, any vesting, any loyalty bonus).

Forfeiture. You lose unpaid and unvested incentives if you breach these terms, fail verification, or withdraw your position beyond the published threshold before the published date. Rewards not claimed within the published period after they become claimable are forfeited or returned to the treasury, as published.

Source of incentives. Program AZL comes from the treasury / ecosystem allocation, not from newly minted tokens, unless otherwise published before start. The incentive wallet address will be published so anyone can verify distributions on-chain.

Incentives have no guaranteed value. The USD value of AZL you receive may fall, possibly to zero.

6. Participant commitments

By participating, you agree to:

• Provide liquidity only with funds you lawfully own and control.
• Keep your verification details accurate and tell us about changes.
• Not manipulate the market or the reward calculation. This includes wash trading, spoofing, splitting one position across multiple wallets, flash-loaned or borrowed liquidity used only to game snapshots, and coordinated trading to move the AZL price.
• Not present yourself as acting on behalf of N01ZET, or promote the Program with claims about returns or price.

We may exclude a participant and withhold unpaid incentives if we reasonably believe these commitments have been breached. We will tell you the reason unless the law prevents it.

7. N01ZET commitments

For the duration of the Program, N01ZET will:

• Publish each epoch's reward calculation and payouts at https://apps.noisette.ai/en/azl/liquidity/terms, with on-chain transaction links.
• Keep the incentive wallet funded for the full announced incentive pool, or announce any shortfall in advance.
• Disclose any liquidity that N01ZET, its team or affiliates add to or remove from the pool.
• Disclose team and treasury AZL sales above the published threshold.
• Never ask participants to send funds, seed phrases or private keys.

If N01ZET seeds the pool with its own liquidity, the amount and any lock proof will be published on this page.

8. Risks

Providing liquidity can lose money, including all of it. Only commit funds you can afford to lose. The main risks are:

• Impermanent loss. When the AZL price moves against USDC, the pool rebalances your position. You can end up with less value than if you had simply held both tokens. If AZL falls sharply, your position becomes mostly AZL.
• Price volatility. AZL is a new, thinly traded token. Its price can fall quickly and may go to zero. Incentives paid in AZL carry the same risk.
• Low liquidity. You may not be able to exit at a fair price, especially if other participants withdraw at the same time.
• Smart contract risk. The pool, the DEX and the token program can contain bugs or be exploited. N01ZET does not control the DEX's contracts.
• Stablecoin risk. USDC can lose its peg or be frozen by its issuer.
• Network risk. Solana outages or congestion can delay transactions and withdrawals.
• Concentrated liquidity. Out-of-range positions earn no fees or incentives.
• Regulatory risk. Laws on crypto-assets are changing. The Program may be changed, suspended or ended if rules require it, and your access to AZL or USDC may be restricted.
• Project risk. The value of AZL depends on the N01ZET / Noisette ecosystem, which may not succeed.

Past trading fees and volumes do not predict future results. Nothing in the Program guarantees a return.

9. Legal and tax

Not an offer or advice. This page is not an offer to sell or a solicitation to buy any crypto-asset, security or financial instrument. It is not investment, financial, legal or tax advice. Make your own assessment and consult your own advisers.

Regulatory status. AZL is a digital token separate from Noisette credits. Galaxy does not sell AZL. AZL's status under MiCA, any notified crypto-asset white paper, and N01ZET's registration or licensing status with the AMF, if any, will be stated on this page once established.

Taxes. You are responsible for any taxes on fees, incentives, and gains or losses from your position. We may ask for tax information where the law requires it, including under DAC8 reporting rules.

Liability. To the extent the law allows, N01ZET is not liable for losses from market movements, impermanent loss, third-party protocols, network failures, or your own wallet security. Nothing here limits liability that cannot legally be limited.

Data. We process verification data under the Galaxy privacy policy (https://identity.noisette.ai/legal/privacy) and the GDPR.

10. Changes and termination

We may change these terms by publishing an updated version at https://apps.noisette.ai/en/azl/liquidity/terms at least seven days before the change takes effect, except where the law or a security incident requires faster action. Changes never reduce incentives already earned for completed epochs.

We may suspend or end the Program early, with notice unless law or a security incident requires faster action, or if the pool is compromised. Incentives earned up to that point will be paid under section 5.

These terms are governed by French law. Disputes go to the courts of Paris, unless mandatory consumer law gives you another option.

11. Official channels and contact

Scammers often impersonate crypto projects. Only trust information from these channels:

• Website: https://apps.noisette.ai/en/azl/liquidity
• Email: azl.nutzzz@n01zet.com
• X: https://x.com/N01zet_AZL
• Telegram: https://t.me/+sMqC0urdf6RiZTA0
• Instagram: https://www.instagram.com/n01zet/

We will never ask you to send tokens, share your seed phrase or private key, connect your wallet to an unlisted site, or pay a fee to join. If a message asks for any of these, it is not from us. Report it to support@n01zet.com.

Questions about the Program: azl.nutzzz@n01zet.com.