Client Agreement

Longhorn Ltd (the "Company") is a company registered under the laws of Mauritius, with registered address at Suite 102, 1st Floor, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius, as an investment dealer (Full Service Dealer, excluding Underwriting) authorised by the Financial Services Commission ("FSC") of Mauritius. The Company is authorised to deal in investments as principals and agents, arrange deals in investments and safeguard and administer property belonging to another.

Unless otherwise agreed, all Transactions are subject to the Applicable Laws and Regulations and this Agreement. All other communications shall be in the English language. Our Website and Trading Platforms are also available in other languages. If you elect to receive communications in a language other than English, please bear in mind that these documents have been translated and in the event of any discrepancy between translations, the English version shall prevail. We recommend therefore that the English language documents are the documents you read and retain.

This Agreement may be amended by us from time to time. We may amend any of the Terms by posting the revised Terms on our Website. Such revisions will take effect automatically 10 (ten) days after posting. If such revision is required due to a change of Applicable Laws and Regulations, then such a change will take effect immediately, or as required. By continuing to use the Services, you agree to the amended Terms. The amended Terms will apply to all Transactions entered into after the date on which the amended Terms have been notified to you.

By entering into this Agreement, you acknowledge and agree that a binding contract is formed between you and the Company, and you agree to be bound by its terms and conditions.

Based on the information provided to us by you and available to us, and in line with the Applicable Laws and Regulations, all clients are categorised as professional or retail investors, based on the information provided to us by you. Each client categorisation gives you different levels of regulatory protection. All clients are initially categorised as retail investors, which provides you with the greatest level of regulatory protection.

We require that prospective clients complete an appropriateness assessment for each Service provided by us. We will not be responsible for any losses, damages, costs or expenses arising as a result of the information provided by you not being accurate.

We provide execution-only services in relation to Securities. No investment advice is provided by the Company regarding the suitability of any Transaction or regarding your trading on your Account(s). You are solely responsible for independently evaluating the merits and risks of any Transactions, as well as the Account, its pricing, the Services provided and this Agreement, and for obtaining advice from independent professional adviser. You must not regard this Agreement, nor anything we tell you whether or not by publication on our Website, Trading Platform or otherwise, as a personal recommendation, financial advice or counsel, or a solicitation for entering into any Transaction.

You shall pay to us the amounts detailed on our Website (or any other amount notified to you in advance and from time to time) by way of charges and commission with effect from the date indicated. If applicable, the same are also set out on our Platform, and may include the following:

• Spreads, being the charges embedded in the difference between our selling and buying price;
• Funding Charges, which accrue on a daily basis, and are incurred on a Transaction that is held overnight and are calculated based on your Open Position Margin and the number of Calendar Days elapsed since the Transaction was opened;
• Currency Conversion Fee, being a charge incurred for converting gains/losses made from trading in a Security where the quote currency differs from the Account Base Currency; and
• Other fees, charges and/or commissions as notified to you on our Website or Platform from time to time.

The amount of your Funding Charges on a Transaction and all other charges referred to herein, may be changed by us at any time by notice to you, and you agree to pay any such charges (as amended from time to time) due and in effect at the relevant time.

We may deduct or charge you for any fees, charges and/or commission due and payable by you by deducting such amounts from your Account.

Upon termination of the Agreement or at any time upon notice following an Event of Default (whether or not resulting in termination) or at any other time as determined by us, we may, at our own discretion and without prior notice, offset, combine and consolidate and use or apply any moneys and Margin held by us or on our behalf, whether in respect of one particular Account or one particular Transaction or not, by way of set-off, retention or in or towards satisfaction of any of your liabilities including any contingent liabilities (whether or not due and payable) owed to us, so as to leave a net amount payable by you or to you.

If our monies due to us are not denominated in the same currency, we may convert either balance at a rate of exchange, which represents the prevailing interbank spot rate for the relevant currency pair as determined by us in our discretion.

We may have a material interest in a Transaction to be executed for your Account, or a relationship that gives rise to a conflict of interest with other clients. A summary of our Conflicts of Interest Policy (the "Conflicts Summary") is available on our Website and we will handle conflicts in accordance with that Policy.

In managing any conflict, information barriers (commonly known as "Chinese Walls") may be established and maintained within our organisation to restrict the flow of information between areas of our business.

In order to open an Account, you are required to complete an Account opening form, provide us with all documentation required to perform customer due diligence and complete an appropriateness test. By applying to open an Account and providing us with your details, you confirm and warrant that:

1. You are opening the Account in your own name and on your own behalf;
2. The funds to be used for trading are your own funds, are obtained from legitimate and lawful sources, and are not in any way connected to activities that violate the laws or regulations of Mauritius or any other applicable jurisdiction, including but not limited to the proceeds of crime, drug trafficking, money laundering, or terrorist financing;
3. All information provided by you in your application and otherwise is true and accurate;
4. It is your responsibility to update the information provided to us on a regular basis and to inform us of any change to your contact details and document expiry dates;
5. All documentation submitted by you is true and accurate and has not been tampered with;
6. You have read and fully understood the terms of this Agreement, the Risk Warning Notice and any other document made available to you by us;
7. You are aged 18 years or older;
8. You have not been previously prohibited from using the Company's services, whether directly or through another related party;
9. You will not use your Account in relation to activity that is illegal in any way or engages in any type of fraudulent activity;
10. Without prejudice to any other rights of the Company, you have not and will not open more than one Account without having received express permission from the Company; and
11. You have obtained independent advice on the terms and conditions set out in this Agreement.

We may, in our sole discretion, accept or reject your application to open an Account. We are not required to justify any decision on whether or not to accept your application to open an Account. We reserve the right to refuse any application to open an Account(s).

In accordance with applicable Anti-Money Laundering laws and regulations, we are required to verify the identity and address of prospective clients. This will usually require you to provide us with proof of identity, proof of address and/or any further document as requested by the Company to satisfy anti-money laundering regulatory requirements. No trading, deposit or withdrawal requests will be processed until the verification of identity and address has been completed. We reserve the right to request further documentation after Account opening, and block your Account pending receipt of such documentation.

Any instructions, notices or other communications sent by you in accordance with this Agreement may be sent electronically, via email, to the Company at help@lhfx.com. All communication will be in the English language, or as otherwise agreed. Unless otherwise indicated, any communication or notice to be given under this Agreement will be deemed to have been duly given when transmitted by means of an electronic communications network (such as email), provided that the sender has not received notification of any failure or delay in the delivery of such communication. This applies to all communication generated by the Company.

All communication will be directed to the contact details provided by you when applying for or subsequently amending your Account details. It is your responsibility to ensure that any changes to your contact details, as well as your financial or personal circumstances, are notified to us promptly. Any change we make to your contact details will take effect no later than 1 Business Day from when you notify us of the change.

You acknowledge and consent to our recording of all telephone conversations and electronic communications including video calls with us. Such recordings may be used as evidence in the event of a dispute.

In compliance with anti-money laundering regulations, all deposits must be made from a source (e.g., credit card, bank account, or cryptocurrency wallet) that bears the same name as your Account. We will not accept Third Party payments except as may be disclosed on our Website.

Your Account will be set up in one of the following base currencies: Euros (EUR), US Dollars (USD), British Pounds (GBP), Japanese Yen (JPY), Australian Dollars (AUD), South African Rand (ZAR), Bitcoin (BTC), Ethereum (ETH) or any other currencies offered by the Company from time to time ("Account Base Currency"). In the event that you wish to deposit funds in any currency, your deposits will be converted to your Account Base Currency at the then applicable exchange rate less any applicable fee.

Withdrawal requests shall only be processed when: (a) the Client or Authorized Person has made a duly signed withdrawal request; (b) the Client has a sufficient free margin in the Account from which they require withdrawal; (c) all conditions for withdrawal have been met (as is displayed on the Website); (d) in the case of a request for withdrawal to a third party, a request form has been completed and signed by the Client as well as the third party to whom withdrawal must be made indicating the details of such third party, and such details have been verified by the Company. Any third-party withdrawal requests are processed at the Company's sole discretion.

We reserve the right, in our sole discretion, to refuse to process a withdrawal request in whole or in part, including but not limited to, where the Company suspects that the funds may be connected to illegal activity or activity that violates this Agreement, or where you do not have available funds.

All approved withdrawals shall be paid to the original deposit source from which the deposit was received from the Client. All withdrawals are subject to the Company's Anti Money Laundering policy, which is available on the Website.

Before placing an Order, you should ensure you fully understand the operation of your chosen method of trading, all terms on which Orders can be placed and all other relevant information and terminology. Instructions as to how to trade on our Trading Platform are available on our Website and through our Platform.

Normally, Orders will only be accepted and executed during those hours the underlying markets are open for trading. If you are unable to access our Trading Platform, you may request by telephone for us to execute an Order on your behalf. You agree to accept any Prices quoted by us by telephone. When you place an Order, you may not be aware of the actual market price and so could be buying or selling at a less favourable price than you envisaged.

We will act as principal, and shall not be liable for, nor owe you any duty in connection with any action or omission of any third party, except to the extent such liability is required under the Applicable Laws and Regulations.

Once an Order has been filled, it may not be cancelled, changed, or amended without our written consent. Any cancellation, change, or amendment is subject to our acceptance. Acceptance or rejection shall be at our sole discretion. While we may, in our sole discretion, try to cancel an Order prior to filling, we accept no responsibility if we are unable to do so.

The date and time at which an Order is executed is as stated in our Trading Platform and shall be the conclusive evidence of the date and time of the relevant Transaction.

You understand and accept that whenever you open an Order, you are requesting us to fill your Order at the then current market price available on our Trading Platform, and you understand and accept that your Order may, due to the latency of the system, be filled at a price that is different to the price at which you clicked on (both higher and lower). This type of execution is referred to as Asymmetric Slippage.

We hold your money on your behalf in a segregated account or accounts. All Client money will be held in an account opened in our name and designated as "client account" with a regulated bank or financial institution as may be updated from time to time.

We may hold your funds in one or more accounts with one or more banks, located within or outside of Mauritius. The Company shall use reasonable skill and care in the selection, appointment, and periodic review of any such bank where client monies are held.

Any free balance in your Account may be withdrawn by you at any time, subject to any reasonable fees, transfer charges and/or tax withholding charges. Any remaining assets in your Account after it is terminated must be withdrawn within 14 (fourteen) Business Days, failing which the Company may arrange, at its discretion, to have such assets transferred to a charitable organisation of its choice.

When you submit your Account application, you represent and warrant to us (and agree that each such representation and warranty is repeated and deemed to have been made by you each time you give us an Instruction in respect of a Transaction) that:

1. All information you provide or have provided to us in respect of your Account, whether on account opening or subsequently, is complete, true, accurate and not misleading in any material respect;
2. The Transactions and payments do not involve: (i) funds that are the proceeds of illegal activities, and (ii) illicit moneys in any way connected with drug trafficking, terrorism financing or other money laundering activities, or any other relevant breach of Applicable Laws and Regulations;
3. You are willing and financially able to incur losses on the Transactions;
4. All actions taken by you are in compliance with all Applicable Laws and Regulations to which you are subject;
5. You have duly authorised this Agreement, and the entering into of the Agreement (and each Transaction made under it) will not violate any legal or contractual restriction, obligation or undertaking applicable to you.

You agree to notify us immediately if any of the above representations and warranties ceases to be true.

This Agreement will continue in effect unless terminated by you or us in accordance with this clause 15.

You may terminate this Agreement on any Business Day by giving us at least 7 (seven) days' prior written notice of termination. Termination will not affect any liability or obligations in respect of earlier Transactions, or any legal rights or obligations that may have arisen under this Agreement, and, on termination, you shall cease using all Services.

Termination of the Agreement by either party will not affect any accrued rights or obligations. All amounts payable by you to us become immediately due and payable on termination and may be deducted from any funds held by us on your behalf.

We may, at our discretion, terminate this Agreement:

1. Immediately, without prior notice, if you are in material breach of this Agreement;
2. Immediately, without prior notice, where we reasonably suspect that you may be engaged in activity that violates the terms of this Agreement or Applicable Laws and Regulations;
3. By giving you at least 10 (ten) days' prior written notice where the termination is for any other reason.

Without prejudice to the foregoing provisions of this clause, we may suspend your ability to trade or give any other Instructions (including, without limitation, the ability to withdraw funds from your Account(s)) and/or refuse to carry out any Instructions or Transactions under this Agreement, where we consider in our absolute discretion such action necessary or desirable to protect us against any liability.

A "Manifest Error" means: (a) an error caused by a defect in the Trading Platform, such as any bug or failure in the software; or (b) any error, omission or misquote in any Price, information or response provided to you in connection with our services; or (c) where we or our software takes into account manifestly incorrect information, including, but not limited to, any pricing information, and which is so significant that it would be against the standard of good faith and/or dealing for us to let the trade stand.

In the event of a Manifest Error, we reserve the right to:

1. Amend the terms of the Transaction to reflect that which would have been the case had the Manifest Error not occurred;
2. Or void the Transaction as if it had not taken place.

You acknowledge that any Price that is materially different from the actual Price is deemed to be a Manifest Error.

Nothing in this Agreement will limit or exclude our obligations to you under the Applicable Laws and Regulations.

Subject always to clause 17.1 and save in circumstances involving fraud, wilful default or negligence on our part or on the part of any of our employees, agents or representatives, we will not be liable for any Loss that you may suffer arising out of your use of the Services we provide under this Agreement.

We will also not be liable for any indirect loss (including loss of profits or business opportunities) or any consequential losses whatsoever (which you accept are inherently unpredictable) that you suffer, whatever its cause, and whether or not foreseeable by either party or ourselves in any of the following circumstances:

• Any act, omission, or negligence of any third party, including the acts and omissions and the insolvency of any bank or custodian or any other person or entity used by us to hold your funds.
• The failure of any communication method, means or system whether or not owned, maintained or operated by us or any third party.
• Errors or omissions in any Price quoted or published.
• Any delay or failure in the execution of any Transaction.
• Any delay or change in market conditions whether before or after any Transaction.

You agree to fully indemnify and hold harmless the Company (and its directors, officers, agents and employees) from and against any claims, demands, actions, proceedings, losses, damages, awards, judgments, costs or expenses arising from or related to any act or omission by you or any person authorised by you to use our Platform.

We shall not be in breach of our obligations under this Agreement and shall not be held responsible for any loss, damage or inconvenience that may be caused, arising directly or indirectly, in whole or in part, from a "Force Majeure Event". A Force Majeure Event means any event beyond our reasonable control which makes it impracticable or impossible for us to perform our obligations under this Agreement, and may include (but is not limited to) any failure or malfunctioning of the Trading Platform (whether caused by a cyberattack or otherwise), any change in market structure, any change in the Applicable Laws and Regulations, or any suspension of trading in underlying markets.

Our failure or delay in exercising any right, power, or remedy under this Agreement shall not operate as a waiver of such right, power, or remedy, nor shall any single or partial exercise of any right, power, or remedy preclude any other or future exercise of such right, power, or remedy.

This Agreement shall be binding on and inure to the benefit of the parties and their respective successors and permitted assigns. You may not assign, transfer, or delegate any of your rights or obligations under this Agreement without our prior written consent. We may assign, transfer, or delegate any of our rights or obligations under this Agreement to any third party.

Each clause of this Agreement shall be read and construed separately. If any provision of this Agreement is or becomes invalid, illegal, or unenforceable under any applicable law or regulation, such provision shall be deemed deleted without affecting the validity or enforceability of the remaining provisions of this Agreement.

This Agreement and any non-contractual obligations arising from or in connection with it will be governed by and construed in accordance with the laws of Mauritius. You and we irrevocably agree to submit to the exclusive jurisdiction of the courts of Mauritius to settle any disputes (including any non-contractual disputes) arising from or in connection with this Agreement.

We hold personal information about you, which you have provided to us and which may be added to from time to time. We will use your personal information in accordance with the terms of our Privacy Policy, which is available on our Website and within the LHFX app, and can be accessed at the point of account registration. By agreeing to this Client Agreement, you agree to our privacy policy.

You agree that we may collect, use, and disclose information about you as set out in our Privacy Policy and as may be necessary for us to provide the services under this Agreement. This may include sharing your information with third parties who assist us in providing these services or as required by Applicable Laws and Regulations.

1. Leverage Risk: The use of leverage means that you can lose more than your initial deposit. Even a small move in the price of the underlying asset can result in significant gains or losses.
2. Market Risk: The prices of underlying assets can be volatile and unpredictable, and may be influenced by events outside our control, such as economic, political, or regulatory changes.
3. Liquidity Risk: Under certain market conditions, it may be difficult or impossible to close out a position, which could result in significant losses.
4. Counterparty Risk: You are exposed to the credit risk of the Company. If we become insolvent, you may lose some or all of your funds.
5. Technology Risk: Our Trading Platform is reliant on technology, which may fail or malfunction. This could result in delays or failures in the execution of your orders.
6. Currency Risk: If you trade in a currency other than your Account Base Currency, fluctuations in exchange rates may affect the value of your positions and any profits or losses.

We grant you a limited, non-exclusive, non-transferable, revocable license to access and use our Website and Trading Platform for the purpose of opening and maintaining an Account and entering into Transactions. You agree not to:

1. Use our Website or Trading Platform for any unlawful purpose or in violation of any Applicable Laws and Regulations;
2. Interfere with or disrupt the operation of our Website or Trading Platform, or the servers or networks used to make them available;
3. Attempt to gain unauthorized access to any part of our Website or Trading Platform, or any system or network connected to them;
4. Use any automated system, including but not limited to robots, spiders, or scrapers, to access our Website or Trading Platform;
5. Transmit any virus, worm, or other malicious code to our Website or Trading Platform;
6. Copy, modify, distribute, sell, or lease any part of our Website or Trading Platform, or reverse engineer or attempt to extract the source code of any software used in connection with them.

All intellectual property rights in our Website and Trading Platform, and in any content made available on or through them (including but not limited to text, graphics, logos, icons, images, audio clips, video clips, data compilations, and software), are owned by us or our licensors. You may not use any of our intellectual property without our prior written consent.

We do not warrant that our Website or Trading Platform will be error-free, uninterrupted, secure, or free of viruses or other harmful components. We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses, or other technologically harmful material that may infect your computer equipment, programs, data, or other proprietary material due to your use of our Website or Trading Platform.