General Terms and Conditions of Use

These General Terms and Conditions of Use govern access to and use of the website, digital platforms, and services provided by PraQuitar Tecnologia e Serviços Financeiros Ltda., CNPJ/MF No. 32.842.827/0001-39. By using the Platform, the User agrees to these Terms, the Privacy Policy, Cookie Policy, and Compliance Policy.

1. Purpose

PraQuitar provides technological and financial infrastructure for settling debts at the Pre-NPL stage, allowing creditors to receive upfront payment while debtors settle through a new structured financial instrument that performs from origination.

2. Nature of Services

PraQuitar operates as origination infrastructure under the CORBAN model, with partner financial institutions and QI Tech infrastructure, in compliance with applicable BACEN regulations. PraQuitar does not renegotiate, intermediate, or purchase debt portfolios, nor does it take deposits from the public.

• Creditor: original holder of the delinquent credit.
• Debtor: person or entity obligated to pay.
• Investor: vehicle, fund, or institutional partner acquiring the originated asset.

3. Eligibility and Registration

Users must be legally capable adults or duly formed entities; provide true, complete, and current information; have authority to enter into the transaction; and not be subject to legal, regulatory, or contractual restrictions. PraQuitar may request documents for registration, KYC, AML/CFT, and fraud prevention.

4. How the Operation Works

1. The creditor provides eligible portfolio information in compliance with the LGPD.
2. PraQuitar structures the origination, identifies an eligible debtor, and presents a settlement proposal.
3. Upon acceptance, a new performing financial instrument is created.
4. The creditor receives upfront payment, net of agreed fees and costs.
5. The asset is allocated to a funding vehicle such as a FIDC.

Specific economic terms are established in separate agreements and prevail for each transaction.

5. User Obligations

Users must act in good faith, protect credentials, refrain from unlawful or fraudulent use, avoid reverse engineering or security violations, and promptly report unauthorized use, fraud, or incidents.

6. PraQuitar Obligations

PraQuitar will provide the Platform under reasonable availability standards, process personal data under the LGPD, adopt appropriate information security, and comply with applicable sector regulations.

7. Fees

PraQuitar may receive fees, commissions, or spreads under the instruments governing each relationship. Natural-person debtors are not charged a monthly or enrollment fee merely for using the institutional website.

8. Intellectual Property

Trademarks, logos, source code, layout, databases, workflows, materials, and content belong to PraQuitar or its licensors and are protected by Brazilian law. Reproduction, distribution, modification, or commercial use without prior written authorization is prohibited.

9. Limitation of Liability

Subject to mandatory law and specific contracts, PraQuitar is not liable for force majeure; planned maintenance; third-party infrastructure failures; cyberattacks not attributable to PraQuitar; indirect or consequential losses; or acts and omissions of creditors, debtors, and other users.

10. Suspension and Termination

PraQuitar may suspend or terminate access when a User violates these Terms or law, provides false information, uses the Platform unlawfully or contrary to AML/CFT controls, or threatens system security and integrity.

11. Communications

Communications may be sent through registered electronic channels, including email, SMS, WhatsApp, and push notifications, with legal effect under Brazilian law.

12. Changes

These Terms may change due to regulatory updates, service evolution, or operational improvements. The current version and update date will remain available online.

13. General Provisions

Failure to enforce a provision is not a waiver; invalidity of one provision does not affect the others; and Users may not assign their contractual position without PraQuitar's prior written consent.

14. Applicable Law and Venue

These Terms are governed by the laws of the Federative Republic of Brazil. The courts of São Paulo, State of São Paulo, are elected, subject to mandatory consumer venue rules.