Risk Disclosure Statement

This Risk Disclosure Statement is published pursuant to Rule V of the VARA Market Conduct Rulebook

1. Introduction

This Risk Disclosure Statement applies to all users of Rain MENA FZE (the “Company”) virtual asset services and is intended to highlight material risks associated with dealing in virtual assets. These disclosures are non-exhaustive. You should undertake your own independent risk assessment or seek professional advice where appropriate before using any of the Company's services.

2. VARA-Mandated Risk Disclosures

In accordance with the requirements of VARA, clients should be aware that virtual assets:

• May lose their value in part or in full and are subject to extreme volatility at times;
• May not always be transferable, and some transfers may be irreversible;
• May not be liquid, and some virtual assets may lack active secondary markets;
• Some transactions are not private and may be recorded on public distributed ledger technologies ("DLTs"), accessible to third parties; and
• May be subject to fraud, manipulation, theft, including through hacks and other targeted schemes, and may not benefit from legal protections.

3. No Advice Provided

The Company does not offer financial, investment, legal, or tax advice. While general or factual information may be provided, you are solely responsible for evaluating the suitability of the Company's services in light of your personal goals, financial circumstances, and legal obligations.

4. Suitability and Monitoring

The Company does not assess whether your use of its services aligns with your financial resources or risk profile. You are solely responsible for ensuring your financial capability to assume any losses or risks that may arise from your use of the Company's services.

5. Service Availability and Operational Risk

There may be times when the Company's services are temporarily unavailable due to maintenance, technical failures, or market disruptions. This may limit your ability to trade, transfer, or access virtual assets. The Company accepts no liability for losses arising from such unavailability except to the extent required by applicable law.

6. Technology and Security Risk

The Company implements industry-standard security controls but cannot eliminate all cybersecurity threats. Clients are responsible for protecting their own credentials and devices. Unauthorized access or system failures may result in the loss of funds or data.

7. Asset-Specific Risks

Risks specific to individual virtual assets may include:

• Smart contract bugs, protocol failures, or logic errors;
• Network-level attacks (including phishing and distributed denial-of-service attacks);
• Project abandonment or the collapse of development teams;
• Token de-pegging or failure of backing mechanisms (where applicable);
• Forks or changes to consensus algorithms;
• Risk of permanent loss due to private key compromise; and
• Obsolescence of asset utility or functionality.

8. Legal and Regulatory Risk

Legal and regulatory frameworks governing virtual assets are evolving and may vary across jurisdictions. Changes in regulation or enforcement actions may impact the availability, legality, or value of specific virtual assets or the services provided by the Company. The Company does not guarantee that any virtual asset will remain legally tradeable in any jurisdiction.

9. Tax Risk

You are solely responsible for understanding and complying with your tax obligations in connection with your use of virtual asset services. The Company does not provide tax advice and may be required by law to report your activity to relevant tax authorities.

10. Communication Risk

Communications through electronic means (including email, web portal, and mobile application) may be delayed, misdirected, or intercepted. The Company does not guarantee the confidentiality or reliability of such communications beyond the technical standards reasonably expected of a regulated VASP.

11. Currency and Exchange Risk

If your transactions involve different currencies or virtual assets denominated in different reference currencies, you may be exposed to fluctuations in exchange rates, which could increase or decrease the value of your assets or obligations.

12. Fees and Costs

Transaction and service-related fees may apply and are disclosed in the Company's fee schedule, available here. These costs may affect the outcome of your trading or transaction activities.

This Risk Disclosure Statement has been prepared in accordance with the requirements set out in Rule V of the VARA Market Conduct Rulebook. It is reviewed periodically and updated as required.