Information Notice on the YNG Token Vesting Service

Legal & Privacy

16/07/2026 10:45

Pre-contractual information notice provided pursuant to Articles 49 et seq. of Italian Legislative Decree No. 206 of 6 September 2005 (the Italian Consumer Code), Regulation (EU) 2023/1114 (MiCAR) and the related implementing provisions.

Introduction and purpose of this document

This document (the “Notice“) is made available by Young Platform S.p.A. (hereinafter also “Young Platform“, the “Company” or the “Issuer“) to users registered on the platform operated by the Company (hereinafter, the “User“) prior to any subscription to the YNG Token Vesting service (hereinafter, the “Service” or the “Vesting Service“). Reading, understanding and accepting this Notice in full is a necessary condition for accessing the Service: in the absence of these prerequisites, the User will not be able to enter into the relevant subscription agreement.

This Notice is provided in fulfilment of the information obligations set out in Regulation (EU) 2023/1114 (“MiCAR”) and other applicable national and European legislation governing Young Platform’s activities in its capacity as a crypto-asset service provider.

This document is intended solely to inform and describe the Service. The Vesting Service is structured so as to be accessible to all Users of the Platform who meet the requirements set out in Article 5 of this Notice and, for Users enrolled in certain tiers of Young Platform’s Club programme, provides for the allocation of an additional amount of YNG (hereinafter, the “Club Premium”) as described in Article 6.4 of this Notice. The economic conditions, the specific conditions governing the locking and unlocking of the tokens subject to Vesting, and the mutual obligations of the Parties are set out in the agreement governing subscription to the Service (hereinafter, the “Agreement”) and in the related Annex A, which forms an integral part thereof. In the event of any discrepancy between this Notice and the Agreement, the provisions of the Agreement and the related Annex A shall prevail. For the general rules governing the relationship between the Company and the User, reference is made to the Young Platform General Terms and Conditions — Crypto-Asset Services in force at the time of subscription.

This Notice is made available to the User prior to signing the Agreement, in accordance with the pre-contractual transparency obligations laid down in Title V of MiCAR.

Identification of the Service provider

The Service is provided by:

Company name: Young Platform S.p.A.

Registered office: Via F. Cigna, n. 96/17 — 10155 Turin (TO), Italy

Tax Code / VAT number: 11931440017

LEI (Legal Entity Identifier): 815600F1E30AAB016171

Registration with the Turin Companies Register: No. 11931440017

Certified email (PEC): [email protected]

Website: youngplatform.com

Dedicated contact for the Service: [email protected] (for participation requests and support enquiries relating to the Vesting Service)

Legal representative: Alexandru Stefan Gheban, Chief Executive Officer

Young Platform S.p.A. obtained authorisation as a CASP (Crypto-Asset Service Provider) from the supervisory authorities, Consob and the Bank of Italy, on 30 June 2026 pursuant to Regulation (EU) 2023/1114 (MiCAR).

Young Platform is also the issuer of the YNG Token, a utility crypto-asset within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114, described in the relevant White Paper notified to Consob and available on the Company’s official channels at the following link: storage.googleapis.com/young-documents/mica-whitepaper-YNG-token.xhtml

Definitions

For any terms not expressly defined in this Notice, reference is made to the definitions contained in the Young Platform General Terms and Conditions — Crypto-Asset Services, in MiCAR and in the other applicable legislation.

Crypto-asset: a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology, within the meaning of Article 3(1)(5) of MiCAR.

Platform: the platform — comprising both the website (youngplatform.com) and the mobile application — operated by Young Platform S.p.A., through which the Company provides crypto-asset services.

Service of exchanging crypto-assets on a bilateral basis: the MiCAR service referred to in Article 77 of Regulation (EU) 2023/1114, through which Young Platform concludes purchase and sale transactions in crypto-assets with its Users on the basis of a market-determined price.

Service of executing orders on behalf of clients: the MiCAR service referred to in Article 78 of Regulation (EU) 2023/1114, under which Young Platform receives and executes the User’s purchase or sale orders on the Platform, in accordance with its Execution Policy.

Service of providing custody and administration of crypto-assets on behalf of clients: the MiCAR service referred to in Article 75 of Regulation (EU) 2023/1114, provided by Young Platform in accordance with its Crypto-Asset Custody Policy.

Vesting Service: the service that is the subject of this Notice, whereby the User purchases YNG Tokens on the Platform and, at the same time, undertakes to keep them locked for a predetermined period of time in exchange for the allocation of Additional YNG Tokens payable by the Company.

Purchased YNG Tokens: the quantity of YNG Tokens that the User purchases with their own capital on the Platform as part of the Vesting Service, at the Market Price prevailing at the time the transaction is executed. The Purchased YNG Tokens form the basis for calculating the Amount-based Quota and the Duration-based Quota.

Additional YNG Tokens: the quantity of YNG Tokens allocated by the Issuer to the User as part of the Vesting Service, in addition to the Purchased YNG Tokens and drawn from the Treasury & Ecosystem Rewards reserve. The Additional YNG Tokens are subject to the same Cliff and exponential unlocking conditions as those applying to the Purchased YNG Tokens.

Amount-based Quota: the component of the Additional YNG Tokens calculated as a percentage of the quantity of Purchased YNG Tokens, based on the amount of the purchase transaction.

Duration-based Quota: the component of the Additional YNG Tokens calculated as a percentage of the quantity of Purchased YNG Tokens, based on the vesting duration chosen by the User (12, 24 or 36 months).

Standard Component: the aggregate consisting of the sum of the Amount-based Quota and the Duration-based Quota. It represents the reference value on which the Club Premium component referred to in Article 6.4 is calculated, where the relevant conditions are met.

Club Premium: the component of the Additional YNG Tokens granted exclusively to Users who, at the time the purchase transaction is executed as part of the Vesting Service, hold an active Club at Silver, Gold or Platinum level. The Club Premium is calculated as a percentage of the Standard Component (and not of the YNG Tokens purchased), according to the percentages set out in Article 6.4, and is subject to the same Cliff and exponential unlocking conditions as those applying to the other components of the Additional YNG Tokens. For the purposes of this Notice, “active Club” means enrolment in one of the tiers of the Club Programme at the time the purchase transaction is executed as part of the Vesting Service.

Total Additional YNG Tokens: the total Additional YNG Tokens allocated to the User for a single purchase transaction under the Vesting Service, being the sum of the Standard Component (Article 6.3.3) and, where granted, the Club Premium (Article 6.4). The Total Additional YNG Tokens come exclusively from the Issuer’s Treasury & Ecosystem Rewards reserve.

Treasury & Ecosystem Rewards: the reserve of YNG Tokens set aside by the Issuer to support and develop the Token’s ecosystem; the Additional YNG Tokens allocated under the Vesting Service — including the Club Premium — come exclusively from this reserve.

Cliff: the initial period of two (2) months, running from the date on which the purchase transaction is executed and the related payment is received by Young Platform, during which the Purchased YNG Tokens and the Additional YNG Tokens remain fully locked and are neither transferable nor available to the User in any form.

Exponential Vesting: the process of progressive and automatic unlocking of the Purchased YNG Tokens and the related Additional YNG Tokens, on a monthly basis, according to the exponential release curve described in Article 6 of this Notice and set out in greater detail in Annex A to the Agreement.

Market Price: the price of the YNG Token formed by the interaction of supply and demand on the Platform at the time the purchase transaction is executed, under the service referred to in Article 77 of MiCAR and/or the service referred to in Article 78 of MiCAR.

Agreement: the support and assistance service agreement for the purchase of YNG Tokens under the Vesting arrangement, entered into between Young Platform and the User.

Subject matter and scope of the Service

4.1 Subject matter of the service. The Vesting Service enables the User, on a voluntary basis and following the signing of the Agreement, to purchase YNG Tokens on the Platform and to lock their availability for a predetermined period — of twelve (12), twenty-four (24) or thirty-six (36) months, at the User’s choice — in order to receive, under the conditions specified below, an additional quantity of YNG Tokens (the Additional YNG Tokens) allocated by the Issuer from the Treasury & Ecosystem Rewards reserve.

4.2 Nature of the service. The Vesting Service constitutes a personalised and assisted purchase arrangement. From a regulatory standpoint, the execution of YNG Token purchase transactions under the Service takes place through (i) the service of exchanging crypto-assets on a bilateral basis referred to in Article 77 of MiCAR and/or (ii) the service of executing orders on behalf of clients referred to in Article 78 of MiCAR, in accordance with the Execution Policy adopted by the Company. Custody of the Purchased YNG Tokens and the Additional YNG Tokens for the duration of the lock-up is provided pursuant to Article 75 of MiCAR, in accordance with Young Platform’s Crypto-Asset Custody Policy.

4.3 Allocation from the Treasury & Ecosystem Rewards. The allocation of the Additional YNG Tokens from the Treasury & Ecosystem Rewards reserve constitutes a transfer of crypto-assets from Young Platform, in its capacity as Issuer, to the User. As such, it constitutes a transaction internal to the YNG Token ecosystem, already provided for and described in the YNG White Paper in force, and not a standalone crypto-asset service within the meaning of MiCAR. Its public disclosure was made by the Issuer pursuant to Articles 87 and 88 of MiCAR.

4.4 Scope of the service. The Vesting Service does not, under any circumstances, constitute: (i) a service of providing advice on crypto-assets within the meaning of Article 81 of MiCAR; (ii) a service of providing portfolio management of crypto-assets within the meaning of Article 81 of MiCAR; (iii) a service of reception and transmission of orders for third parties. Decisions to purchase, hold and subsequently dispose of YNG Tokens, where applicable, are taken independently by the User, under the User’s sole responsibility.

4.5 The Vesting Service is reserved exclusively for new purchases of YNG Tokens made within the Service itself and executed after this Notice has been read and the Agreement has been signed. YNG Tokens already held by the User at the time of subscription, however acquired, are not eligible for Vesting.

4.6 The Vesting Service is open to all Users of the Platform who meet the requirements set out in Article 5. Users who are enrolled in one of the tiers of the Club Programme indicated in Article 6.4 at the time the purchase transaction is executed are also granted the Club Premium under the conditions and at the percentages set out therein. Enrolment in the Club Programme is not a condition for accessing the Service, but affects only the composition of the Total Additional YNG Tokens to which the User is entitled.

4.7 It is specified that YNG Tokens locked (“Locked YNG”) under the Vesting Service do not count towards the minimum YNG thresholds required for accessing and maintaining Club tiers, which remain governed independently by the Terms and Conditions – Young Platform Club.

Conditions of access to the Service

5.1 Conditions of access to the Service

Access to the Service is subject to all of the following conditions being met:

(a) the User has successfully completed the customer identification and due diligence procedures (KYC / AML) on the Platform and is in compliance with all requirements laid down in the Young Platform General Terms and Conditions — Crypto-Asset Services;

(b) the User is resident in a Member State of the European Union or, outside the European Union, in jurisdictions in which the provision of the Service is permitted under the applicable rules and not prohibited by mandatory provisions; it being understood that the User must not, in any event, be resident in one of the high-risk third countries identified by the European Commission (whose legal systems have strategic deficiencies in their national anti-money laundering and counter-terrorist financing regimes), nor in other countries that the Head of the Anti-Money Laundering Function (AML Officer) has decided to exclude outright at the acceptance stage, as set out in the list of excluded countries updated on an ongoing basis by the AML Officer in the Company’s IT systems;

(c) the amount of the purchase transaction is equal to or greater than EUR 5,000.00 (five thousand/00). Young Platform reserves the right to refuse to provide the Service for amounts below this threshold, as they are incompatible with the economic conditions of the programme;

(d) the User has read, understood and accepted in full this Notice, the Agreement and the related Annex A, as well as the Young Platform General Terms and Conditions — Crypto-Asset Services, the General Risk Disclosure, the Summary of the Custody Policy and the current YNG Token White Paper and all documents accessible on the Company’s official channels;

(e) the User holds, in their Wallet with Young Platform, sufficient liquidity to cover in full the amount of the purchase transaction subject to Vesting, including any applicable fees.

(f) For the Club Premium referred to in Article 6.4 to be granted, the User must also hold an active Club at Silver, Gold or Platinum level at the time the purchase transaction is executed. Enrolment in the Bronze and Essential tiers of the Club Programme does not entitle the User to participate in the Club Premium programme. Users without active Club access the Service on the ordinary terms, without being granted the Club Premium.

5.2 Anti-circumvention safeguards

5.2.1 Prohibition of circumvention transactions. The Vesting Service is reserved for genuinely new purchases of YNG Tokens made using the User’s own capital in fiat currency. Transactions whose purpose or effect is to convert YNG Token positions already held by the User into positions subject to Vesting for the sole purpose of obtaining the Additional YNG Tokens provided for by the Service (hereinafter, “Circumvention Transactions“) are expressly prohibited. In particular, conduct aimed at selling YNG Tokens already held by the User (or swapping them) and then immediately repurchasing them under the Vesting arrangement constitutes a Circumvention Transaction. The User acknowledges that such conduct, by artificially altering volumes or reference values at the time of subscription to the Service, may amount to the form of market manipulation known as Marking the price (or Marking the close), which is prohibited under the applicable legislation and under Young Platform’s Market Abuse Policy.

5.2.2 Prior and ongoing analysis. Access to and continued participation in the Vesting Service are subject to a positive outcome of the monitoring and analysis activities carried out by Young Platform, which are designed to rule out fraudulent, circumventive or manipulative conduct or conduct otherwise incompatible with the purposes and proper delivery of the Service. Such checks are carried out in accordance with Young Platform’s procedures, internal controls and corporate policies, including, by way of example, its anti-money laundering and market abuse prevention policies. Young Platform reserves the right to provide the Service, or to suspend or restrict it, solely subject to the continuing positive outcome of such checks.

5.2.3 Effects of a finding. Where the monitoring activities identify indications of a Circumvention Transaction, of manipulative practices or, in any event, of conduct contrary to good faith and to the purposes of the Service, Young Platform is entitled to: (i) refuse or revoke the User’s subscription to the Vesting Service; (ii) withhold or cancel the crediting of the Additional YNG Tokens; (iii) suspend or revoke the User’s access to the Platform pursuant to the General Terms and Conditions.

5.2.4 Relationship with market abuse rules. The measures provided for in this article serve operational and commercial purposes, being designed to preserve the integrity of the Vesting Service and the consistency of the incentive for long-term lock-up. They operate independently of, and without prejudice to, the application of the market abuse provisions in Title VI of Regulation (EU) 2023/1114 (MiCAR), which apply generally to the YNG Token and to the User’s activity on the Platform.

How the Vesting Service works

The operational procedure for accessing and using the Vesting Service consists of the following stages, which are to be understood as purely procedural guidance:

1. Request. A User wishing to access the Service sends their request to the dedicated address [email protected].

2. Prior analysis. Young Platform carries out the checks necessary to verify the User’s suitability and the compliance of their conduct with the eligibility requirements for the Service.

3. Signing of the Agreement and dedicated assistance. If the analysis referred to in the previous step is successful, the User receives the Agreement for signature.

4. Order execution. Once the Agreement has been signed, the User executes the order to purchase YNG Tokens under the Service.

5. Token allocation and display in the Wallet. Upon completion of the purchase order, Young Platform allocates the Additional YNG Tokens to the User (including the Club Premium, where granted). The two components are displayed to the User in the “Locked YNG” section of the Young (YNG) Wallet on the Platform.

Methodological note

The Total Additional YNG Tokens to which the User is entitled under the Vesting Service are made up of three distinct components, applied in sequence:

the Amount-based Quota, calculated on the capital committed (Article 6.2);
the Duration-based Quota, calculated on the vesting duration selected in the agreement (Article 6.3);
the Club Premium, calculated — exclusively for eligible Users — on the sum of the two preceding components (the so-called Standard Component) and governed by Article 6.4. The components of the Additional YNG Tokens are cumulative: where the relevant conditions are met, the User receives all the components applicable to their case.

6.1 Purchase of the YNG Token

6.1.1 How the purchase transaction is carried out. Under the Service, the User purchases YNG Tokens on the Platform at the Market Price prevailing at the time the transaction is executed. The purchase may be made (i) through the User’s own independent activity on the Platform or (ii) with the dedicated assistance of Young Platform staff, as provided for in the Agreement.

6.1.2 Over-The-Counter arrangement. For orders of an amount equal to or greater than EUR 100,000.00 (one hundred thousand/00), the User may agree with the Company that a percentage of the order will be executed OTC (Over-the-Counter), in order to mitigate slippage risk. The portion of the order executed OTC, and the related execution arrangements are agreed on a case-by-case basis between the Parties and set out in Annex A to the Agreement. The portion of the order executed OTC is subject to the conditions described in Young Platform’s OTC Service Information Notice, available on the Company’s official channels, including the conditions of access, the execution procedure and the transparency regime. In particular, OTC transactions under the Vesting Service follow the principal/direct counterparty model pursuant to Article 77 of MiCAR.

6.1.3 Volatility. The User declares and accepts that the Market Price is subject to continuous fluctuations beyond the Company’s control. The Company does not guarantee a predetermined execution price and is not liable for price variations occurring between the time of the order and the time of execution, except in cases of wilful misconduct or gross negligence.

6.1.4 Handling of inside information. The User acknowledges that the parameters of the purchase under the Vesting Service (amount, duration, Quota percentages) do not constitute inside information within the meaning of Article 87 of MiCAR, since the conditions of the Service are made public through this Notice. However, the User is advised that Young Platform, in its capacity as Issuer of the YNG Token, may be in possession of inside information relating to the YNG Token in the ordinary course of its business. Young Platform handles such situations in accordance with its Market Abuse Policy and the applicable rules under Title VI of MiCAR.

6.2 Minimum amount and Amount-based Quota

6.2.1 The minimum amount required to access the Service is EUR 5,000.00. Depending on the amount of the purchase transaction, the User is granted a percentage of Additional YNG Tokens according to the following bands:

Amount of the purchase transaction (EUR)	Percentage of Additional YNG Tokens by amount
From EUR 5,000.00 to EUR 9,999.99	No Additional Tokens granted
From EUR 10,000.00 to EUR 49,999.99	+4% of the quantity of YNG Tokens purchased
From EUR 50,000.00 to EUR 99,999.99	+8% of the quantity of YNG Tokens purchased
From EUR 100,000.00 to EUR 249,999.99	+12% of the quantity of YNG Tokens purchased
Equal to or greater than EUR 250,000.00	+15% of the quantity of YNG Tokens purchased

6.3 Quota based on Vesting duration

6.3.1 In addition to the Amount-based Quota percentage referred to in Article 6.2, the User receives a further quantity of Additional YNG Tokens determined by reference to the chosen Vesting duration, according to the following options:

Chosen Vesting duration	Percentage of Additional YNG Tokens by duration
12 (twelve) months	+4% of the quantity of YNG Tokens purchased
24 (twenty-four) months	+8% of the quantity of YNG Tokens purchased
36 (thirty-six) months	+15% of the quantity of YNG Tokens purchased

6.3.2 The total Additional YNG Tokens due to the User as the “Standard Component” are given by the cumulative sum of the Amount-based Quota percentages (Article 6.2) and the Duration-based Quota percentages (Article 6.3).

6.3.3. The maximum Standard Component attainable by the User is 30% (thirty per cent) of the quantity of Purchased YNG Tokens, obtainable for a transaction of an amount equal to or greater than EUR 250,000.00 with a lock-up duration of 36 months.

6.3.4. The sum of the Amount-based Quota (Article 6.2) and the Duration-based Quota (Article 6.3) constitutes the Standard Component to which, where the relevant conditions are met, the Club Premium referred to in Article 6.4 is applied.

6.4 Club Premium

6.4.1 Users who, at the time the purchase transaction is executed under the Vesting Service, hold an active Club at Silver, Gold or Platinum level are granted an additional Club Premium, calculated as a percentage of the Standard Component (the sum of the Amount-based Quota and the Duration-based Quota) and not of the capital committed.

6.4.2 The Club Premium percentages applicable according to the User’s active Club tier are set out in the table below:

Active Club tier	Club Premium percentage on the Standard Component
Platinum	+15%
Gold	+10%
Silver	+5%
Bronze	Club Premium not granted
Essential	Club Premium not granted
No active Club	Club Premium not granted

6.4.3 By way of example, the calculation of the Club Premium is set out below for a transaction with the following parameters:

capital committed of €20,000.00
vesting duration of 24 months
active Gold-tier Club
Market Price of the YNG Token at the time the transaction is executed of €0.50

Calculation item	Result
Capital committed EUR 20,000.00	€20,000
Purchased YNG Tokens (20,000 ÷ 0.50)	40,000 YNG
Amount-based Quota (band €10k – €49.9k → +4%)	4% x 40,000 = 1,600 YNG
Duration-based Quota (24 months → +8%)	8% x 40,000 = 3,200 YNG
Standard Component (sum of the two components)	4,800 YNG
Gold Club Premium (+10% on the Standard Component)	10% x 4,800 = 480 YNG
Total Additional YNG Tokens	4,800 + 480 = 5,280 YNG

6.4.4 The Club Premium is allocated from the Issuer’s Treasury & Ecosystem Rewards reserve, in the same way as the other components of the Additional Tokens, and is fully subject to the Cliff conditions (Article 6.5) and exponential unlocking conditions (Article 6.6) applicable to the other components of the Additional Tokens. From an operational standpoint, the Club Premium is displayed on the Platform together with the Standard Component in the User’s Young (YNG) Wallet section (“Locked YNG” section) as Additional YNG Tokens, since it follows the same release schedule as the other components.

6.4.5 Time of application and subsequent changes to the Club

(a) Determination of the relevant tier. The Club tier relevant for the purposes of calculating the Club Premium is the tier active for the User at the time the purchase transaction is executed under the Vesting Service (hereinafter, the “Relevant Tier”). Once crystallised at execution, the Club Premium calculated on the basis of the Relevant Tier is not subject to retroactive changes in the event of subsequent changes to the User’s Club status.

(b) Club upgrade. Any upgrade of the User to a higher Club tier after the transaction has been executed does not confer any entitlement to an incremental Club Premium: the Club Premium allocated remains the one calculated on the Relevant Tier.

(c) Club downgrade. Any downgrade of the User to a lower Club tier after the transaction has been executed does not entail the reduction or revocation of the Club Premium already allocated. The Club Premium tranches continue to accrue and unlock according to the originally scheduled timetable.

(d) Withdrawal from the Club. Any withdrawal of the User from the Club Programme after the transaction has been executed does not entail the reduction or revocation of the Club Premium already allocated, without prejudice to the Club Programme rules applicable to the other components of the Club benefits.

(e) Club enrolment after subscription. A User who, at the time the transaction was executed, was not enrolled in the Club Programme, or was enrolled at the Essential or Bronze tier, does not accrue any entitlement to the Club Premium, even if, after the transaction has been executed, they enrol in a Club tier which, under this Notice, would confer entitlement to the Club Premium.

(f) Subsequent Vesting transactions. These rules apply on a transaction-by-transaction basis: a User who carries out several separate purchase transactions under the Vesting Service at different times will have their Club Premium determined for each transaction according to the Relevant Tier at that specific execution.

6.4.6 The Club Premium constitutes an additional, variable and non-guaranteed benefit, the allocation of which depends on the Club Programme being maintained within its current scope. The Issuer reserves the right to amend, suspend or discontinue the Club Premium at any time for operational, market or regulatory reasons, in compliance with the transparency and notice obligations laid down by the applicable legislation and by the General Terms and Conditions. Any changes to the Club Premium apply to purchase transactions completed after such changes take effect and do not affect tranches already allocated.

6.4.7. The Club Premium percentages set out in this article are of a promotional nature and serve the purposes of the Club Programme. Their value does not, under any circumstances, constitute a promise of return or an investment recommendation. The Additional YNG Tokens received by way of Club Premium are subject to the volatility of the Market Price of the YNG Token; their countervalue in legal tender may vary significantly over time.

6.5 Cliff period

6.5.1 All of the Purchased YNG Tokens and the allocated Additional YNG Tokens (including the Club Premium, where granted) are subject to an initial Cliff period of two (2) months, running from the date on which the purchase transaction is executed, and payment is received by Young Platform.

6.5.2 During the Cliff, the Purchased YNG Tokens and the Additional YNG Tokens remain fully locked: they are not transferable, are not available to the User in any form and may not be the subject of disposal transactions or transfers to third-party wallets. The Cliff period serves the purpose of carrying out the technical token allocation, validation and security operations and may not, under any circumstances, be shortened, extended or waived.

6.5.3 For the duration of the Cliff, the Purchased YNG Tokens and the Additional YNG Tokens are held in custody by Young Platform in accordance with the Crypto-Asset Custody Policy adopted by the Company pursuant to Article 75 of MiCAR. Tokens in the Cliff phase constitute assets of the User, segregated from the Company’s assets and beyond the reach of the Company’s creditors pursuant to Article 75(8) of MiCAR, including in the event of insolvency or insolvency proceedings.

6.6 Progressive unlocking (Exponential Vesting)

6.6.1 Once the Cliff period has elapsed, the Purchased YNG Tokens and the Additional YNG Tokens are unlocked on a monthly basis for the entire duration of the lock-up chosen by the User, according to an exponential release curve described by the following formula:

U(t) = T × (1 − e^(−λt)) / (1 − e^(−λt*))

where:

U(t) = quantity of tokens unlocked at time t;

T = total Purchased YNG Tokens and Additional YNG Tokens subject to the lock-up (including the Club Premium where granted);

λ = release curve coefficient, differentiated according to the Vesting duration (equal to -0.15 for 12-month Vesting; -0.10 for 24-month Vesting; -0.05 for 36-month Vesting);

t = time elapsed since the start of the Vesting, expressed in months;

t* = total Vesting duration, expressed in months (equal to 12, 24 or 36 months depending on the option chosen).

The release curve coefficient (λ) is set as follows:

-0.15 for the 12-month Vesting option
-0.10 for the 24-month Vesting option
-0.05 for the 36-month Vesting option

6.6.2 The release curve specific to each duration option is described in detail in Annex A to the Agreement and made available to the User in analytical form before signing, so that the User can gain a full understanding of the unlocking schedule provided for.

6.6.3 At each monthly unlocking date, the accrued portion of Purchased YNG Tokens and Additional YNG Tokens is made available in the “Locked YNG” section of the User’s Young (YNG) Wallet on the Platform. The different components are shown separately within the same section:

VESTING – PURCHASED YNG
VESTING – ADDITIONAL YNG

In this way, the User can identify at any time the origin of each tranche in vesting. Actual availability is contingent on the User performing the Claim action, which may be performed at any time after the individual tranche has accrued.

6.6.4 Save as provided in Articles 13 and 14 of this Notice regarding termination and withdrawal, the User may not request the early unlocking of tranches that have not yet accrued.

6.6.5 The Issuer guarantees that the tranche unlocking schedule is managed automatically and non-discretionarily by the Platform, according to the parameters set in the Agreement and in Annex A. Young Platform has no power to delay, bring forward or unilaterally alter the unlocking schedule of tranches already allocated to the User, except in cases of suspension of the Service for supervisory reasons or by order of the competent Authority.

6.7 Source of allocation of the Additional YNG Tokens

6.7.1 The Additional YNG Tokens allocated under the Service — including the Club Premium where granted — come exclusively from the Issuer’s Treasury & Ecosystem Rewards reserve. This is a portion of YNG Tokens that the Company has set aside to support and develop the Token’s ecosystem, as provided for in the YNG White Paper in force.

6.7.2 The Company has not set maximum thresholds for the distribution of Additional YNG Tokens under the Service. The Quota percentages set out in Articles 6.2, 6.3 and 6.4 above apply in full for as long as the Service is active and available on the Platform. The Issuer reserves the right to amend, suspend or discontinue the Service at any time for operational, market or regulatory reasons, in compliance with the transparency and notice obligations laid down by the applicable legislation and by the General Terms and Conditions.

6.8 Custody and segregation of the tokens subject to Vesting

6.8.1 For the entire duration of the Cliff and the Vesting, the Purchased YNG Tokens and the Additional YNG Tokens (including the Club Premium where granted) are held in custody by Young Platform on a segregated basis, separate from its own treasury assets, in accordance with Article 75 of MiCAR and with the provisions of the Company’s Crypto-Asset Custody Policy, a Summary of which is made available to the User on the official channels and forms an integral part of the General Terms and Conditions.

6.8.2 The User acknowledges that, although the Purchased YNG Tokens and the Additional YNG Tokens are already allocated in their favour as a result of the purchase transaction, their legal and operational availability is deferred until the individual unlocking tranches accrue according to the chosen Vesting schedule. The User’s YNG Tokens in the Cliff or Vesting phase are held under the omnibus model described in the Summary of the Custody Policy.

Effects of the Service on the YNG Token ecosystem

7.1 From an economic and functional standpoint, the Vesting Service constitutes a structural mechanism for managing the circulating supply of the YNG Token. For the duration of the lock-up, the YNG Tokens purchased under the Service are unavailable for trading on the secondary market, thereby helping to reduce the free float actually in circulation.

7.2 In parallel, the allocation of the Additional YNG Tokens (including those allocated by way of Club Premium) from the Treasury & Ecosystem Rewards entails a regulated distribution of YNG Tokens from the Issuer to the User, in the manner and within the timeframes described in this Notice.

7.3 The characteristics, effects and classification of the Service within the YNG Token ecosystem are the subject of a specific informational disclosure published by the Issuer pursuant to Articles 87 and 88 of MiCAR on the Company’s official channels.

Contractual framework

8.1 Subscription to the Service takes place through the User signing the Agreement. The Agreement governs in detail (i) the economic conditions of the transaction (amount, execution price, Quota percentages, including, where applicable, the Club Premium); (ii) the Cliff and Vesting conditions; (iii) Young Platform’s custody obligations; (iv) the rules on termination and withdrawal; (v) the applicable law and jurisdiction; (vi) the rules on liability.

8.2 This Notice constitutes — together with the General Terms and Conditions, the General Risk Disclosure and the Agreement — the pre-contractual information provided to the User.

8.3 The User acknowledges and expressly declares that they accept that, given the irrevocable nature of the purchase of YNG Tokens under the Vesting arrangement once payment has been completed and the token allocation has been finalised, and in view of the volatility of the YNG Token price, the right of withdrawal under Article 52 of the Italian Consumer Code (the so-called “cooling-off right”) does not apply once payment has been duly received by the Issuer and the purchased YNG Tokens and the Additional YNG Tokens (including the Club Premium where granted) have been allocated to the User, even if still in the Cliff phase.

8.4 Pursuant to Article 68(1)(g) of MiCAR, before providing the Service, Young Platform provides the User with clear and comprehensible information on prices, fees, total costs and charges connected with the purchase transaction, including any spreads applied, in the Purchase Summary Page at the time the transaction is executed.

Tax treatment of the Additional YNG Tokens and reporting obligations

Warning: The following describes general principles of the Italian tax regime applicable to the crypto-assets covered by the Vesting Service. It does not constitute tax advice, nor does it replace the opinion of a qualified professional. Young Platform does not act as a withholding agent in relation to income taxes arising from the Service. For their specific situation, the User is invited to consult a qualified accountant or tax adviser.

9.1 The User acknowledges that the obligations to declare and pay all taxes arising from the purchase, holding and receipt of Additional YNG Tokens and from any subsequent disposal of the YNG Tokens are their sole responsibility. Young Platform does not provide tax advice or make substitute payments in this respect.

9.2 Stamp duty on crypto-assets. Stamp duty on crypto-assets is paid in advance by Young Platform on behalf of the User on the entire amount of YNG Tokens due under the Service — comprising both the Purchased YNG Tokens and the allocated Additional YNG Tokens — at the rate of 2 per thousand (0.2%) of the countervalue as at 31 December of each tax year, in accordance with the rules in force. The duty is calculated on the total tokens due, regardless of the Cliff or Vesting status of the tokens at the time the duty is levied.

9.3 Income from Additional YNG Tokens. The Additional YNG Tokens allocated under the Service (comprising the three components: Amount-based Quota, Duration-based Quota and Club Premium) – which qualify as “other income deriving from the holding of crypto-assets” under the Italian tax rules in force – are taxable in the tax year in which each tranche is actually unlocked and made available to the User. The taxable value is equal to the market value of the YNG Token on the unlocking date of the individual tranche and is subject to the substitute tax on miscellaneous financial income from crypto-assets, at the rate in force in the relevant tax year. The taxable value at the time of unlocking also constitutes the historical acquisition cost of the relevant Additional YNG Tokens for the purposes of calculating any capital gain or loss in the event of a subsequent disposal, in accordance with the rules set out in paragraph 9.4, so as to avoid double taxation on the same value.

9.4 Capital gains on disposal. Any subsequent disposal of the YNG Tokens – whether purchased or received by way of Additional YNG Tokens – generates a taxable capital gain or loss pursuant to Articles 67 and 68 of the Italian Consolidated Income Tax Act (TUIR) exclusively at the time of sale and realisation of the proceeds. Income tax is due only in the event of an actual disposal resulting in a realised capital gain. The mere holding of the tokens, including in Cliff or Vesting status, does not constitute a taxable event for the purposes of income taxes on disposals. The determination of the tax, the applicable rates and the calculation criteria follow the provisions in force from time to time.

Risks connected with the Service

Before subscribing to the Service, the User declares that they have acknowledged and accepted the following risks, which do not constitute an exhaustive list:

Volatility and market risk. The price of the YNG Token is subject to continuous and unpredictable fluctuations depending on multiple factors (market conditions, liquidity, macroeconomic environment). The value of the YNG Tokens held by the User at the end of the Vesting may be significantly lower than the purchase value.

Liquidity risk. For the entire duration of the Cliff and the Vesting, the Purchased YNG Tokens and the Additional YNG Tokens covered by the Service are unavailable: the User will not be able to sell, transfer or use them in any form until the relevant tranches accrue.

Risk of failure to recover the capital. Investing in crypto-assets entails the risk of partial or total loss of the capital committed. Young Platform does not guarantee a minimum return or a capital repayment value.

Technology and blockchain risk. The transactions connected with the Service depend on the proper functioning of the Ethereum blockchain, the related smart contracts and the Platform’s technical infrastructure. Events such as network congestion, forks, cyber attacks or malfunctions may affect the availability or performance of the Service.

Regulatory risk. Developments in the legislation and interpretative guidance applicable to crypto-assets — both at the European level (MiCAR and delegated/implementing acts) and at the national level (Italian Legislative Decree No. 129/2024, tax rules) — may lead to substantial changes in the legal, operational, and tax regime of the Service.

Custody risk. Although it applies best practices in IT and cryptographic security, Young Platform cannot absolutely rule out the occurrence of adverse events. Under the omnibus model, there is a theoretical risk of pro rata sharing of losses among Clients in the event of an uninsured loss, as described in the Summary of the Custody Policy.

Tax risk. The tax regime applicable to crypto-assets is subject to legislative and interpretative developments. Retroactive or prospective changes to rates, calculation mechanisms or reporting obligations may affect the User’s tax position.

Risk of amendment or discontinuation of the Service. The Issuer reserves the right to amend, suspend or discontinue the Service for operational, market or regulatory reasons. Such changes do not affect the YNG Token tranches already allocated to the User, but may affect future transactions.

Absence of deposit and investment guarantees. The crypto-assets held do not benefit from the guarantee schemes provided for bank deposits (Directive 2014/49/EU) or from investor compensation schemes (Directive 97/9/EC), since such crypto-assets do not have the characteristics of protected bank deposits or financial instruments.

For a detailed discussion of the risks, please refer to the General Risk Disclosure.

Rights and obligations of the User

11.1 Obligations

The User undertakes to provide complete, truthful and up-to-date information for the purposes of the KYC / AML procedures and the performance of the Service.

The User warrants that the funds used for the purchase transaction do not derive from unlawful activities or activities connected with the financing of terrorism.

The User undertakes to comply with the payment terms set out in the Agreement and to promptly notify the Company of any change to their relevant details or contact information.

The User undertakes to retain the documentation relating to subscription to the Service (this Notice, the Agreement, Annex A and any receipts) for the purposes of their civil, tax and evidentiary obligations.

The User undertakes to comply with the applicable market abuse rules laid down in Title VI of MiCAR. In particular, the User may not use inside information relating to the YNG Token — of which they may have become aware — to carry out, or cause to be carried out on their own behalf, transactions in the YNG Token before such information has been made public.

11.2 Rights

The User has the right to receive clear, complete and transparent information regarding the Service, the status of transactions and the progress of the Vesting, including by accessing their wallet on the Platform. The different components of the YNG Tokens obtained through the Vesting service (Purchased YNG Tokens and Additional YNG Tokens) are shown separately in the information provided to the User.

The User has the right to contact Young Platform’s support service for any request for clarification, assistance or report relating to the Service.

The User has the right to lodge a complaint in accordance with the procedures described in the General Terms and Conditions and in Young Platform’s Complaints Handling Procedure. In accordance with Article 71 of MiCAR, complaints are handled by the Company free of charge, fairly and promptly.

The User has the right to access their personal data and to exercise the rights provided for by Regulation (EU) 2016/679 (GDPR), as described in Young Platform’s Privacy Policy.

Communications, complaints and dispute resolution

12.1 For requests to participate in the Vesting Service and for preliminary information, please refer to the address [email protected]. For any request for assistance, clarification or report relating to the Service, the User may contact Young Platform at the Customer Service address [email protected]. The Company undertakes to respond to the User’s requests within a reasonable time and, in any event, no later than five (5) working days from receipt.

12.2 Complaints relating to the Service may be submitted in the manner and within the timeframes set out in Young Platform’s Complaints Handling Procedure, accessible on the Company’s official channels at the link youngplatform.com/legal/complaints/. The User’s right to have recourse to the out-of-court dispute resolution procedures (ADR) provided for by law, where applicable given the nature of the transaction, remains unaffected.

12.3 All formal communications relating to the Service must be sent in writing to the Company’s registered office, including by certified email to the address [email protected], or to the email address provided by the User when registering on the Platform.

Duration, suspension and termination of the Service

13.1 Subscription to the Service is completed upon signing of the Agreement and remains effective until all the YNG Tokens purchased and the related Additional YNG Tokens have been fully unlocked and transferred to the User, without prejudice to the clauses of the Agreement that by their nature are intended to survive (liability, confidentiality, jurisdiction, data processing).

13.2 Young Platform is entitled to suspend or revoke the User’s subscription to the Service, in whole or in part, at any time and upon the occurrence of one or more of the circumstances, causes or conditions set out in paragraph 15 (“Duration, Termination of the Contract and Right to Suspend”) of the General Terms and Conditions, or in the other cases provided for by the Agreement or by law.

13.3 In the event of termination of the Agreement due to the User’s breach, the fate of the Purchased YNG Tokens and of the Additional YNG Tokens allocated but not yet unlocked is governed by the Agreement, in compliance with the asset segregation rules under Article 75 of MiCAR. In any case of termination, the YNG Tokens already allocated to the User remain the User’s property and may not be retained by the Company, save as otherwise provided in the Agreement solely with respect to the tranches of Additional YNG Tokens not yet accrued at the time of termination due to the User’s breach.

14. Applicable law and jurisdiction

14.1 The relationship between the User and Young Platform in connection with the Service is governed by Italian law.

14.2 For disputes arising from the Service, where the User qualifies as a Consumer within the meaning of Italian Legislative Decree No. 206/2005, exclusive jurisdiction lies with the courts of the place of residence or elected domicile of the Consumer, if located within Italian territory. In all other cases, the Court of Turin has exclusive jurisdiction.

Processing of personal data

15.1 The processing of the User’s personal data in connection with the Service is carried out by Young Platform S.p.A., as Data Controller, in compliance with Regulation (EU) 2016/679 (GDPR) and the applicable national legislation, as described in the Privacy Policy available at youngplatform.com/en/legal/privacy-policy/ and in the General Terms and Conditions.

15.2 The User acknowledges that the processing of data is necessary for the performance of the Agreement, for compliance with regulatory obligations (AML / KYC, MiCAR, taxation, tax monitoring) and, where applicable, for determining the Relevant Tier for the purposes of calculating the Club Premium, as well as for the further purposes set out in the Privacy Policy.

Amendments to the Notice and publication

16.1 This Notice is published on Young Platform’s institutional website, together with the other pre-contractual notices and the Company’s General Terms and Conditions.

16.2 Young Platform reserves the right to amend this Notice as a result of new regulatory, operational or supervisory requirements. Amendments will be communicated to the User through the channels provided for in the General Terms and Conditions, with reasonable advance notice of the effective date. A User who wishes to continue participating in the Service after the amendments take effect will be required to read and accept the updated Notice again, where requested by the Company.

Declaration of acknowledgement and acceptance

By signing (including electronically) the Agreement governing subscription to the Vesting Service, the User declares:

that they have received, read, understood and accepted in full this pre-contractual Notice before subscribing to the Service;

that they have understood the mechanics of the Service, the economic conditions, the composition of the total Additional YNG Tokens in their three components (Amount-based Quota, Duration-based Quota and — where granted — Club Premium), the Cliff period, the exponential unlocking mechanism, the Quota percentages, the custody conditions and the associated risks;

that they have understood that the Club Premium is a variable and non-guaranteed benefit, conditional on enrolment in the Club Programme at the time the transaction is executed, and that the Club Premium percentages may be amended, suspended or discontinued by the Issuer with effect on subsequent transactions;

that they have understood that Young Platform does not act as a withholding agent in relation to income taxes arising from the Service and that the reporting and payment obligations are the sole responsibility of the User;

that they acknowledge that this Notice, together with the General Terms and Conditions, constitutes the informational framework of reference for the decision to subscribe to the Service;

that they have taken note of the absence of deposit guarantees under Directive 2014/49/EU.

This communication constitutes a service notice and does not represent a marketing communication or an offer or solicitation to invest in crypto-assets. Crypto-assets are subject to specific risks, including the risk of total loss of the capital committed. For a detailed overview of the risks, please consult the General Risk Disclosure at youngplatform.com. For full information on the services offered, please refer to the Terms and Conditions of the service published on Young Platform’s official channels. Young Platform operates in compliance with the applicable legislation, including the MiCAR framework (Regulation (EU) 2023/1114). Young Platform S.p.A., Via Cigna 96/17, 10155 Turin — youngplatform.com — Certified email (PEC): [email protected].