L42 LTD. PRIVACY POLICY

1. Introduction

L42’s, also trading as Intelligent Internet, Privacy Policy explains how we collect, use, and protect personal data relating to our suppliers, vendors, contractors, and other counterparties in the course of our business operations. We are committed to safeguarding the privacy and confidentiality of your personal data in compliance with applicable data protection laws, including the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018. 

2. Who We Are

L42 is a limited liability entity incorporated under English law that engages in the business of artificial intelligence and crypto. For the purposes of applicable data protection laws, we are the "data controller" responsible for deciding how your personal data is used and protected. 

If you have any questions or concerns about this Privacy Policy or our data protection practices, please contact us at: [email protected] 

3. What Personal Data We Collect

We may collect the following types of personal data from suppliers and counterparties: 

● Contact Information: Name, address, email address, phone number, and job title.

● Financial Information: Bank account details, tax identification numbers, and payment-related information. 

● Professional Information: Company name, registration details, and business licenses. 

● Communications: Emails, call records, and other correspondence. 

● Identification Data: Copies of identification documents (e.g., passports) when required for due diligence. 

4. How We Collect Your Personal Data

We collect personal data directly from you in the following ways: 

● When you provide information during onboarding or contract negotiations. 

● Through communications, such as emails, marketing material, phone calls. 

● When you submit invoices, proposals, or other documents. 

We may also collect data indirectly:

● From publicly available sources, such as your company website or government registries. 

● From references or recommendations you provide. 

5. How We Use Your Personal Data

We use your personal data for the following purposes: 

● Contract Management: To evaluate, enter into, and manage our contractual relationship with you. 

● Compliance: To conduct due diligence and meet legal obligations, including anti-money laundering (AML) and “Know Your Customer” (KYC) checks. 

● Payment Processing: To process payments and manage financial transactions. 

● Communications: To facilitate business communication and maintain our working relationship. 

● Internal Operations: For record-keeping, audits, and other legitimate business purposes. 

We process your personal data based on the following legal grounds: 

● Contractual Necessity: Where the processing is required to perform a contract or take steps prior to entering into a contract with you. 

● Legal Obligations: To comply with applicable laws and regulations. 

● Legitimate Interests: For our legitimate business purposes, such as maintaining supplier relationships and improving operational efficiency. 

● Consent: Where we rely on your explicit consent for specific processing activities.

7. Sharing Your Personal Data

We may share your personal data with the following parties: 

● Service Providers: Third-party providers who assist in our operations, such as IT support, payment processors, or auditors. 

● Regulatory Authorities: Where required by law or in response to legal requests. 

● Affiliated Companies: Within our corporate group for business administration and compliance purposes. 

We do not sell or rent your personal data to third parties. 

8. International Transfers

If we transfer your personal data outside the UK or European Economic Area (EEA), we will ensure that appropriate safeguards are in place, such as: 

● Contracts based on standard contractual clauses approved by the European Commission. 

● Transfers to countries deemed to provide adequate protection by the UK or EU.

9. Data Retention  

We retain your personal data only as long as necessary for the purposes outlined in this policy or as required by law. Typically, this means retaining data for the duration of our contractual relationship and for a specified period thereafter to comply with legal and regulatory obligations. 

10. Your Data Protection Rights

Under data protection laws, you have the following rights: 

● Access: Request access to your personal data. 

● Correction: Request corrections to inaccurate or incomplete data. 

● Erasure: Request deletion of your data (subject to legal or contractual obligations).

● Restriction: Request restrictions on processing your data. 

● Objection: Object to data processing based on legitimate interests.

● Data Portability: Request transfer of your data to another entity. 

To exercise these rights, please contact us at [email protected]. We will respond within the timeframes required by law. 

11. Security Of Your Personal Data  

We implement appropriate technical and organizational measures to protect your personal data from unauthorized access, disclosure, alteration, or destruction. These include encryption, secure access controls, and regular security audits. 

12. Updates To This Privacy Policy

We may update this Privacy Policy periodically to reflect changes in legal, regulatory, or business requirements. The updated version will be posted on our website, and significant changes will be communicated to you directly where applicable. 

13. Contact Us

If you have any questions, concerns, or complaints about this Privacy Policy or our handling of your personal data, please contact: [email protected] 

 If you are dissatisfied with our response, you have the right to lodge a complaint with the UK Information Commissioner’s Office (ICO):

● Website: https://ico.org.uk 

● Telephone: 0303 123 1113 

By continuing your relationship with us, you acknowledge that you have read and understood this Privacy Policy. Thank you for working with L42 Ltd.

Last Updated: 27 February 2025