Disclaimers

Samen Lenen – version 9 June 2026

Explanatory note to this document

This document bundles several legal disclaimers / text fragments that can be placed on the Platform.

Disclaimer on the Campaign Page

The disclaimer below can be displayed at the top of each Campaign Page, before the Entrepreneur's actual content. The disclaimer must be explicitly accepted (checkbox) by the Investor before access is granted to the detailed content of the Campaign.

Important information before accessing this Campaign

The capitalised terms have the same meaning as in the Terms of Use.

This Campaign Page is not a public offer or public offering and is not intended for the general public. You have reached this page via a Personal Link that was sent to you directly by the Entrepreneur.

Nature of the Platform

The Platform is a purely technological infrastructure (Software-as-a-Service) of the Platform Operator. The Platform enables Entrepreneurs to raise financing within their own Network in a structured manner by means of Loans.

The Platform Operator does not act as a financial intermediary, credit broker, investment firm, crowdfunding service provider or payment service provider. The Platform Operator does not provide investment advice, credit advice or any other form of financial, tax or legal advice.

The Platform Operator does not act as a playmaker between Entrepreneurs and Investors. The Platform Operator does not select, assess or recommend Campaigns and does not make recommendations to Investors.

Responsibility of the Entrepreneur

The content of this Campaign Page has been prepared exclusively by the Entrepreneur under his exclusive responsibility. The Platform Operator does not perform any substantive or financial screening of the Entrepreneur or his project. The limited control performed by the Platform Operator is limited to the mere determination of the valid existence of the enterprise and the application of an exclusion list of sectors, and in no way implies an approval, recommendation or guarantee of the Entrepreneur, his project or his financial situation.

The Entrepreneur is solely responsible for (i) the accuracy and completeness of the information on the Campaign Page, (ii) compliance with all applicable regulations in the context of his fundraising, including the prohibition on making a public offer without a prospectus, and (iii) the content and execution of the Loan Agreement with the Investor.

Risks associated with a Loan

A Loan is a high-risk investment. You may lose the entire amount lent by you, including the agreed interest.

The main risks include, but are not limited to:

• Credit risk: there is a risk that the Entrepreneur (the borrower) is unable to repay the principal and/or interest in whole or in part on the agreed maturity dates.
• Subordination risk: in the event that the Loan is subordinated, it will only be repaid after the other (privileged and unsecured) creditors towards whom the subordination applies have been satisfied.
• Liquidity risk: the Loan is not tradable on a regulated market or any other trading platform and cannot be called in early, except in cases where this is provided for by agreement or by law.
• Concentration risk: the Investor must ensure that the amount lent is in proportion to his financial situation and that he spreads across different types of investment.
• Interest rate risk and inflation risk: if the agreed interest rate is fixed, this offers no protection against inflation or the evolution of market interest rates.

The Investor cannot rely on statutory protection regimes.

The Investor bears the full financial risk of his investment decision and is recommended to seek independent professional advice beforehand if necessary.

Acceptance

By navigating further on this Campaign Page, the Investor declares:

• to have taken note of the above information and to understand it;
• to visit the Campaign Page exclusively on the basis of a Personal Link sent by the Entrepreneur and that he/she belongs to the Network of the Entrepreneur;
• to acknowledge that the Platform Operator provides no advice and cannot be held liable for any decision of the Investor to grant or not to grant a Loan;
• not to further distribute, copy or disclose the information on the Campaign Page without the prior written consent of the Entrepreneur.

Risk warning for Investors

This risk warning can be presented as a separate screen/popup at the moment an Investor expresses an intention to enter into a Loan (prior to the signing of the Loan Agreement). The Investor must expressly accept this warning via a separate checkbox.

Risk Warning

You are about to grant a Loan to an Entrepreneur. Read this warning carefully before you proceed.

No advice

The Platform Operator does not provide you with any investment advice, any tax advice or any legal advice. The decision to grant a Loan is made solely on your own responsibility and on the basis of your own assessment of the Entrepreneur and his project.

Suitability for your situation

Before you proceed, the Platform Operator strongly recommends that you verify for yourself whether:

• you can financially afford the loss of the loaned amount without this affecting your standard of living or financial stability;
• you have sufficient information to assess the financial health and the chances of success of the Entrepreneur's project;
• your total portfolio of risk-bearing investments is sufficiently diversified;
• you have, where applicable, sought independent professional advice from a wealth manager, accountant, tax advisor or lawyer.

Important characteristics of the Loan

A loan is by its nature risky. The repayment of the principal and the payment of the interest are dependent on the creditworthiness of the Entrepreneur.

There is no mortgage, pledge, surety, guarantee or insurance to guarantee the repayment of the principal or the payment of interest, unless expressly agreed otherwise in the Loan Agreement or in a separate security agreement.

If the Loan is subordinated, the repayment of your claim is subordinated: other creditors of the Entrepreneur will then be paid first.

As a rule, the Loan is not callable early, except in cases where this is provided for by contract or by law.

The Loan is not tradable on a regulated market or any other trading platform.

The interests are as a rule subject to withholding tax. The Investor must verify his own tax obligations.

Confirmation by the Investor

By proceeding, you expressly confirm:

• having taken note of the above risk warning and understanding it;
• being aware of the fact that you may lose the entire loaned amount;
• granting the Loan based on your own assessment and not based on any advice or recommendation from the Platform Operator;
• acknowledging that the Platform Operator is not a party to the Loan Agreement and bears no liability for the performance thereof.

Disclaimer Model Agreement

The disclaimer below can be included (i) on the page of the Platform where the Model Agreement is made available, and/or (ii) as a cover sheet or final provision with each generated Loan Agreement.

Disclaimer regarding the use of the Model Agreement

Nature of the Model Agreement

The Model Agreement allows the Entrepreneur and the Investor to establish the main contractual provisions of a Loan in a structured manner.

The model document made available by the Platform Operator does not constitute legal advice and is not a form of legal assistance.

The Platform Operator is not a lawyer, notary or other legal service provider and does not exercise any activity of legal service provision within the meaning of the applicable legislation in the context of the Platform.

Responsibility of the Parties to the Loan Agreement

The Entrepreneur (borrower) and the Investor (lender) are solely responsible as parties for:

• the valid formation, signing and retention of the Loan Agreement.
• the accuracy and completeness of the data filled in by them;
• the content of the Loan Agreement, including any provisions filled in or added;
• the suitability of the Model Agreement for their specific situation (sector, size of the Loan, tax status, any existing financing agreements, contractual arrangements with other creditors, etc.);
• compliance with all applicable regulations, including tax obligations (such as withholding tax), any reporting or registration obligations and the rules regarding public offerings;

Recommendation for prior advice

The Platform Operator expressly recommends that both the Entrepreneur and the Investor present the Model Agreement, prior to signing, to their own lawyer, accountant, tax advisor and/or company auditor, specifically (but not exclusively) when:

• the Entrepreneur has already entered into other financing agreements with banks or other lenders;
• specific tax optimisations or structures are intended;
• the Investor has a professional relationship with the Entrepreneur (e.g. supplier or customer);
• deviating or additional provisions are provided for compared to the standard text;
• one of the Parties is subject to specific regulations (e.g. a regulated profession, a company with special statutory provisions).

Exclusion of liability

Without prejudice to the liability regime in the Terms of Use and the General Terms and Conditions, the Platform Operator cannot be held liable for any damage resulting from:

• the content or the provisions of the Model Agreement;
• the application or interpretation thereof in a specific situation;
• the suitability thereof for the specific situation of Entrepreneur or Investor;
• the consequences of the use thereof, including tax, accounting or legal consequences.

Cookie Policy

This cookie policy supplements the Privacy Policy and may be published separately on the Platform and via the cookie banner.

Cookie Policy – Samen Lenen - version 9 June 2026

What are cookies?

Cookies are small text files placed on your device (computer, tablet, smartphone) when you visit the Platform. They allow the Platform to function technically, remember user preferences or collect statistics about the use of the Platform.

In addition to cookies, the Platform may also use similar technologies such as local storage, pixels and tags. When this policy refers to “cookies”, these similar technologies are also meant.

Which cookies does the Platform use?

The Platform uses the following categories of cookies:

• Strictly necessary cookies. These cookies are essential for the operation of the Platform and cannot be deactivated. They are used, among other things, for session management, authentication of Users, language selection and security (including protection against attacks). No consent is required for these cookies.

• Functional cookies. These cookies remember your preferences (such as display options or language settings) to improve your user experience. They are only placed with your consent.

• Analytical cookies. These cookies collect aggregated and pseudonymous data about the use of the Platform (e.g. number of visits, most popular pages, technical problems). They allow the Platform Operator to improve the Platform. They are only placed with your consent.

• Third-party cookies. The Platform may place cookies from third parties, in particular the Payment Service Provider, for the correct processing of transactions. These cookies are subject to the cookie policy of the third party involved.

Management of your preferences

Upon your first visit to the Platform, you will be asked via a cookie banner to provide your consent for non-strictly-necessary cookies. You can change your preferences at any time via the link “Manage cookie preferences” on the Platform.

You can also manage cookies via your browser settings. Deactivating strictly necessary cookies may result in certain functionalities of the Platform no longer working.

For more information on how you can manage cookies in your browser:

• Google Chrome: support.google.com/chrome
• Mozilla Firefox: support.mozilla.org
• Microsoft Edge: support.microsoft.com
• Safari: support.apple.com

Further information

For further information regarding the processing of your personal data and your rights as a data subject, reference is made to the Privacy Policy.

For questions regarding this cookie policy, you can contact us via Samen Lenen (WinWinner Crowd BV), Oudenaardsesteenweg 21, 9000 Gent, support@samenlenen.be.

AML and KYC Statement

The statement below may be published on a separate page of the Platform (“Anti-Money Laundering Policy”) and provides transparency to Users regarding the Platform Operator’s approach in this matter.

Statement on the prevention of money laundering and terrorist financing

Preliminary clarification

The Platform is a purely technological infrastructure and, in the context of the Platform, the Platform Operator does not act as a financial institution, credit institution, investment firm, payment service provider, crowdfunding service provider or other obliged entity within the meaning of the Law of 18 September 2017 on the prevention of money laundering and terrorist financing and on the restriction of the use of cash (hereinafter: the “Anti-Money Laundering Act”).

The Platform Operator does not process any funds from or on behalf of Users itself. Payment processing is arranged entirely between the Entrepreneur and the Investor or outsourced to an external Payment Service Provider that is itself subject to the Anti-Money Laundering Act and related supervision.

Notwithstanding the foregoing, the Platform Operator voluntarily attaches importance to the fight against money laundering and the financing of terrorism, and takes the measures set out below, without this being interpreted as an acknowledgment of any subjection to the Anti-Money Laundering Act.

Identification of Users

When creating an Account, the Platform Operator verifies the User's e-mail address. When creating a Campaign, the Platform Operator identifies the Entrepreneur on the basis of publicly available corporate data (Crossroads Bank for Enterprises), with verification of the existence and active status of the company.

Where applicable, the Payment Service Provider performs additional identification and verification operations in accordance with its own obligations under the Anti-Money Laundering Act (so-called "KYC" procedure), including the identification of ultimate beneficial owners, politically exposed persons, and sanctions list screening.

Exclusion of sectors and transactions

The Platform Operator maintains a list of excluded sectors (see General Terms and Conditions), including sectors with an increased risk profile regarding money laundering. In addition, the Platform Operator reserves the right to refuse or terminate a Campaign if there are serious indications of fraud, money laundering, terrorist financing, or other criminal offences.

Reporting obligation and cooperation

The Platform Operator cooperates loyally with any judicial or administrative investigation conducted within the legal framework. The Platform Operator provides all information it is legally required to provide upon request by the competent authorities.

Should the Platform Operator itself be deemed subject to the Anti-Money Laundering Act, it will report any suspicious transaction to the Belgian Financial Intelligence Processing Unit (CFI/CTIF) in accordance with its legal obligations.

Restriction on cash payments

It is strictly prohibited to make cash payments within the framework of the Platform or the Loan. All payments must proceed via traceable banking channels or via the Payment Service Provider.

Retention of data

The Platform Operator retains relevant identification data and transaction data in accordance with applicable retention periods (see Privacy Policy), and where applicable for a period of ten (10) years after the end of the relationship, in line with the Anti-Money Laundering Act.

Responsibility of the Users

Each User represents and warrants:

• that the funds used within the framework of the Platform have a legal origin;
• that they are not acting on behalf of a third party, except upon express prior notification to the Platform Operator and to the Payment Service Provider;
• that they do not appear on any international sanctions list (EU, UN, OFAC) and are not acting on the orders of or on behalf of persons appearing on such a list;
• that they will immediately notify the Platform Operator if their situation changes in a way that is relevant within the framework of this declaration.

Disclaimer marketing communication and invitations

This disclaimer protects the Platform Operator against the allegation that the communication from an Entrepreneur to their Investors could be qualified as a public offer or public offering. It can be included in the module of the Platform where the Entrepreneur can generate invitation e-mails to their Network.

Declaration regarding communication and invitations

Personal and non-public nature

The Entrepreneur acknowledges and accepts that the communication regarding their Campaign may only be conducted within their own Network and in a targeted and personal manner.

In concrete terms, this implies, among other things, that the Entrepreneur:

• may not publicly share any Personal Link or access to their Campaign Page (e.g. via freely accessible websites, blogs, public newsletters, public social media posts, advertisements);
• shall address persons or entities with whom they have a pre-existing personal or business relationship (family, friends, customers, suppliers, professional relations);
• invites their Network in a targeted, individual manner (e.g. via a personal e-mail, a personalised message), and not via mass communication to an indeterminate group;
• shall not include any addressees in their communication whose identity they do not know or for whom they cannot demonstrate a pre-existing relationship.

Sample text for invitation e-mails

Below is a possible wording for the invitation that the Entrepreneur can send to their Network.

“Dear [first name],

I am writing to you personally in your capacity as [family member / friend / customer / supplier / professional relationship] to inform you about the financing operation of my company.

[further explanation]

This invitation is strictly personal and does not constitute a public offer. Please do not forward or publicly distribute this email and the attached link.”

Indemnification

The Entrepreneur shall fully indemnify the Platform Operator against any claim, complaint, penalty or damage resulting from any communication by the Entrepreneur that violates the principles described above, including (but not limited to) a reclassification of the fundraising as a public offer of investment instruments or as a regulated crowdfunding service.

The Platform Operator reserves the right to immediately suspend or terminate the Campaign if it determines that the Entrepreneur does not comply with the principles described above, without prejudice to its right to damages.