Terms and Conditions

3.1 Eligibility Requirements

To use the Aungsha Platform and make purchases, you must:

• Be at least 18 years of age
• Be a citizen or resident of Bangladesh, or an eligible non-resident Bangladeshi (NRB) as defined by relevant regulations
• Have a valid National Identity Card (NID)
• Have a valid bank account or mobile financial services (MFS) account registered in your name
• Have the legal capacity to enter into binding contracts under Bangladeshi law
• Not be subject to any sanctions, regulatory bans, or legal restrictions preventing you from investing

3.2 Registration and KYC

You must complete our registration and KYC verification process before making any purchase. This includes providing accurate, current, and complete information. You agree to update your information promptly if it changes. Providing false or misleading information is a material breach of these Terms and may result in immediate account suspension and reporting to relevant authorities.

3.3 Account Security

You are solely responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account. You agree to notify us immediately at support@aungsha. com if you suspect unauthorized access to your account. Aungsha will not be liable for losses arising from your failure to maintain adequate account security.

4.1 Platform Role

Aungsha is a technology platform that helps users make real estate share ownerships. We are NOT:

• A bank, financial institution, or deposit-taking entity
• A licensed stock exchange or securities broker (unless separately registered as such)
• A real estate developer or property manager
• A financial advisor - nothing on the Platform means financial advice tailored to your personal circumstances

4.2 Purchase Risk

ALL purchases carry risk. By investing on the Aungsha Platform, you acknowledge and accept that:

• The value of real estate purchases can go down as well as up, and you may receive less than you invested depending on the state of the market and economic conditions.
• Returns are not guaranteed and are subject to project performance, market conditions, and economic factors.
• Real estate purchases are generally not always easy to sell quickly; you may not be able to exit your purchase with profit/returns intact when you wish. Please refer to our Refund Policy to learn more about refund eligibility and selling or withdrawing your purchase opportunities.
• Developer default, construction delays, regulatory changes, political instability or natural disasters may adversely affect your purchase.
• Past performance of any project or developer profile on the Platform is not a reliable indicator of future results.

Buyer Declaration

By proceeding to invest, you declare that you understand the risks associated with real estate share ownership, that you have read the relevant Offer Details, and that the purchase is suitable for your financial situation. Aungsha strongly recommends that you read our Refund Policy and seek independent financial and legal advice before investing.

4.3 Offering Documents

Each Project is accompanied by an Offering Document prepared by the Developer and reviewed by Aungsha. You must read the Offering Document in full before investing. In the event of any conflict between these Terms and the Offering Document, the Offering Document shall prevail with respect to the specific Project terms.

5.1 Browsing and Selection

Users may browse available Projects on the Platform. Project listings include summary and full details as part of the Offer Details. Aungsha makes no warranty as to the accuracy of Developer-provided information beyond reasonable due diligence.

5.2 Funding and Allocation

Purchases are subject to minimum amounts as specified in each Offer Detail. Funds submitted for purchase are held in a designated escrow or trust arrangement until the Project reaches its minimum funding target. If the target is not reached within the fundraising window, funds will be returned in full, minus any handling or platform fees (see Refund Policy).

5.3 Unit Issuance

Upon successful funding of a Project, Units are digitally allocated to your account within 5 business days of the funding window closing. A Unit represents a proportional beneficial interest in the Project, as further defined in the Offer Detail. Aungsha will maintain a register of Unit holders. Purchases less than BDT 500,000 will be considered as property shares of a Project, and buyers are not entitled to ownership of the Project except for the microshares issued and purchased, as detailed in a digital certificate issued to buyers. Purchases greater than BDT 500,000 will be accompanied by an ownership certificate for buyers.

5.4 Returns and Distributions

By the nature of microshare purchases in real-estate, the distribution of profit against a real-estate purchase is only relevant after a piece of real-estate has started to generate real economic value, i. e., after the piece of real estate has been fully developed into a revenue generating unit. Thus, a particular project (commercial complex, hotel, resort, offices, etc.) can only distribute profits after it is constructed and fully operational ('Project Maturity') - buyers are then entitled to a share of the profits of the building's operations over time through Annual General Meetings (AGM) of shareholders during which the profit distribution is settled. Until that time, Aungsha offers users and buyers an opportunity to buy into the future economic value and revenue potential of each Unit - and in case of an early exit before project maturity, buyers are entitled to receive returns on their purchase as the value of the project changes over time.

All buyers are eligible for regular returns on their purchases into microshares as purchased on Aungsha. The rate of return varies on project completion, economic and market factors, and the returns are not guaranteed in any way. The purchase returns may vary depending on the duration of the purchase, and the investor's chosen withdrawal period before the projects have reached maturity/completed construction. For a detailed breakdown of the selling or withdrawing your purchase windows, please refer to the next section.

9.1 Your Obligations

As a User, you agree to:

• Use the Platform only for lawful purchase purposes consistent with these Terms
• Provide accurate and truthful information at all times
• Not misrepresent your financial literacy, income, or net worth in violation of any self-certification requirements
• Comply with all relevant Bangladeshi laws, including securities, tax, and foreign exchange regulations
• Not share your account credentials with any third party

9.2 Prohibited Conduct

You must NOT:

Breach of this section may result in immediate account termination, forfeiture of any pending returns, and referral to law enforcement authorities.

• Use the Platform to launder money, finance terrorism, or conduct any illegal financial activity
• Attempt to manipulate purchase prices, create false demand, or engage in market abuse
• Circumvent any of the Platform's security, authentication, or KYC controls
• Use automated tools, bots, or scripts to scrape data from or interact with the Platform without our written consent
• Post false, defamatory, or misleading information about any Project, Developer, or Aungsha
• Engage in any conduct that disrupts the Platform's operation or negatively affects other Users

11.1 Platform Availability

We strive to maintain Platform availability 24/7 but do not guarantee uninterrupted access. Scheduled maintenance, security updates, or force majeure events may cause temporary downtime. We will try to provide advance notice of planned maintenance.

11.2 Due Diligence

Aungsha conducts due diligence on Developers and Projects before listing them on the Platform, including legal title verification, Developer credential checks, and project feasibility assessment. However, this due diligence does not constitute a guarantee of project success, Developer performance, or purchase returns. You are ultimately responsible for your own purchase decisions.

11.3 Limitation of Liability

To the maximum extent permitted by relevant Bangladeshi law, Aungsha shall not be liable for:

In any case, Aungsha's maximum aggregate liability to you shall not exceed the total platform fees paid by you in the 12 months preceding the event giving rise to the claim.

• Loss of purchase value due to real estate market conditions
• Developer default, project delays, or force majeure events
• Losses arising from your reliance on any content on the Platform that does not constitute advice
• Indirect, consequential, incidental, or punitive damages of any kind
• Technical failures, cyberattacks, or third-party service disruptions beyond our reasonable control

13.1 Duration

These Terms remain in effect for as long as you hold an account on the Aungsha Platform.

13.2 Voluntary Closure

You may close your account at any time by contacting support@aungsha. com. Account closure is subject to the resolution of any pending transactions and the settlement of any active purchases. You may not close your account while you hold any Units; you must first exit your purchases via the Secondary Market or await project maturity.

13.3 Suspension and Termination by Aungsha

Aungsha may suspend or terminate your account, with or without prior notice, if:

Upon termination, your access to the Platform will be revoked. Any Units you hold will be dealt with as specified in the Offering Document and our post-termination procedures.

• You breach any provision of these Terms
• We are required to do so by a regulatory authority
• We detect fraudulent, suspicious, or illegal activity associated with your account
• You become subject to insolvency proceedings

14.1 Governing Law

These Terms are governed by and construed in accordance with the laws of the People's Republic of Bangladesh. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Bangladesh, subject to the arbitration provisions below.

14.2 Informal Resolution

Before initiating any formal dispute process, you agree to contact us at compliance@aungsha. com to attempt to resolve the dispute informally. We will try to respond and resolve the issue within 15 business days.

14.3 Arbitration

Any dispute arising out of or in connection with these Terms, including any question regarding its existence, validity, or termination, that cannot be resolved informally, shall be referred to and finally resolved by arbitration in Dhaka, Bangladesh, under the rules of the Bangladesh International Arbitration Centre (BIAC). The language of the arbitration shall be English or Bangla, at the election of the claimant. The arbitrator's decision shall be final and binding.