Common use of COMMISSION AND PAYMENT Clause in Contracts

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner being in full compliance with its obligations under this Agreement, the Marketing Partner shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason. 7.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing Partner. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreement. 7.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperative, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access to the Company’s Marketing Partner program, with no compensation to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 6.1 Subject to the provisions of this Clause 7 6 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers Affiliate enters into the ISA with any member of the Ava Group accepting the Terms and ConditionsCompany, and continuously complies with the relevant compliance, anti-anti- money laundering, know-your-customer requirements, trading and other terms and conditionsof the ISA. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group Company retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group Company and that it will at no time be permitted to participate in Ava Groupthe Company’s assessment of the knowledge and experience of the prospective Client of Financial Instruments in CFDs (known as “appropriateness” test) or in the Ava GroupCompany’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group Company complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group Company may undertake for any reason. 7.2 6.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement Schedule arrangement agreed between the Company and the Marketing Partner. Notwithstanding anything Affiliate in writing, including any Fee Schedule arrangement agreed via electronic mail (“email”), subject to the contrary provisions set out in this Agreement or in any Fee schedule agreement, no Schedule 2 hereto (“Commission will be payable to Structure and Schedule”) and the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreementClause 6. 7.3 6.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Affiliate had any trading activity in their trading accounts with the Company, make payment send to the Affiliate a written statement setting out, in respect of such month, the Commission payable to the Affiliate. Payment of the invoice is subject to confirmation by the Company as per to the agreed Fee schedulerelevant Referrals made by the Affiliate. 7.4 6.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner Affiliate of any provision of this Agreement. 6.5 The Affiliate undertakes to provide to the Company as soon as reasonably practicable after the date of this Agreement coming into effect, and in any event not later than the date on which the first payment of the Commission becomes due, accurate wire transfer details which shall indicate the Affiliate as the sole beneficiary of the payment. The Company shall have a right to reject any payment to the Affiliate hereunder if the Affiliate is not the sole beneficiary in the payment details provided by the Affiliate to the Company. The Company shall not be liable for any errors or inaccuracies in the payment details provided by the Affiliate. 6.6 Commission shall be payable to the Affiliate in United States Dollars only, unless the Company elects at its discretion to effect a payment in any other currency. 6.7 The Affiliate shall bear its own costs in providing Services hereunder and shall be solely responsible for the payment of all its personnel, marketing, communication, administration and other overhead expenses, taxes and/or charges and/or fees and duties arising from the provision of Services pursuant to this Agreement (including on domain and other internet related payment). 6.8 It is agreed by both Parties, that the Commission payable by the Company to the Affiliate is subject to review from time to time. 6.9 Without prejudice to the provisions of Clause 23 (Indemnity and Remedial Action) below, the Commissions payable by the Company under this Agreement shall be subject to malus and clawback, such that in the case of Adverse Action against the Company or its Group, the Company may refuse to make further payments of Commission, and/or may demand repayment of any applicable law Commissions already paid to the Affiliate up to the amount of a reasonable estimate of the Company’s loss resulting from such breach or if failure. The Company and the Affiliate agree that the provisions of this Clause 6.9 are without prejudice to any other rights which the Company has or the Group may have against the Affiliate, whether arising under law, contract or otherwise. 6.10 Where the Affiliate refers to the Company persons who also become Affiliates of the Company (“Sub-Affiliate”), the Affiliate, in effectively a reason Master Affiliate capacity shall be entitled to believe that there is a Non-Qualified Traffic such payments as shall be agreed between the Company and the Affiliate in writing. 6.11 The Company may, in its sole and absolute discretion, provide additional remuneration in the Marketing Partner account. In the event form of a reward, based on qualitative and other criteria that the Company determines may establish from time to time, having also regard to Applicable Laws and Regulations. The Affiliate shall not receive any Commission from the activity constitutes Non-Qualified Traffic, market performance of the clients’ trading portfolio. 6.12 The Company shall recalculate or withhold has the Commissions accordingly and in absolute right at its sole discretion. It is hereby further clarified that in any event that , after giving at least 1 day prior notice to the Company determines that Affiliate to increase, decrease or cancel the suspected transactions are in fact Non-Qualified Traffic, Commission payable to the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperative, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access Affiliate for reasons related to the Company’s Marketing Partner programremuneration policy. Where the Affiliate does not return to the Company with written objections to the proposed changes to the Commission and continues to provide Services after receiving or being deemed to have received notice in accordance with the provisions of this Agreement, the Affiliate will be deemed to have accepted such change in the Commission payable, by conduct. For the avoidance of doubt, any changes in Commission made hereunder shall apply, from the date on which any such change became effective, shall apply with no respect to Commissions payable in connection with or for the Clients/Sub-Affiliates introduced by the Affiliate both prior and after such change. It is understood and agreed that the Affiliate shall only be eligible for any commission or fee agreed hereunder, if the respective Lead to which such a fee and/or commission relates has made their first deposit to their Account with the Company within 2 (two) months after being introduced by the Affiliate or its Sub-Affiliate. No commission or fee whatsoever shall be payable to the Affiliate for any Lead that has failed to make their first deposit to the Account with the Company within 2 (two) months after being introduced by the Affiliate or its Sub-Affiliate, even where such a Lead has made such a deposit and started trading with the Company at any time after the expiration of such 2 (two) months period. It is agreed that this condition shall apply to any fee or Commission structure that may agreed by the parties, unless the parties specifically exclude it by a written agreement. The Affiliate shall not receive any remuneration or other non-monetary compensation from any Client which it refers to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by Referrals. 6.13 The Affiliate is prohibited from receiving or handling any funds from any Client for any purpose whatsoever, whether as recipient for its own account or for the purpose of relaying or delivering such funds to any other person or entity, including, without limitation, the Company.

COMMISSION AND PAYMENT. 7.1 6.1. Subject to the provisions of this Clause 7 6 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava a Group company accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group Company retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group Company and that it will at no time be permitted to participate in Ava Groupthe Company’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava GroupCompany’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group company complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group Company may undertake for any reason. 7.2 6.2. The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing PartnerAffiliate. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreementIN ADDITION TO ANY OTHER TERMS AND CONDITIONS SET FORTH ANYWHERE IN THIS AGREEMENT OR UNDER APPLICABLE LAW, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5AFFILIATE SHALL NOT BE ENTITLED TO RECEIVE ANY FEES FOR ANY CLIENT/QUALIFIED TRADER AND/OR ANY OTHER TYPE OF TRAFFIC ENTITLING THE AFFILIATE FOR PAYMENT UNLESS AND UNTIL THE FOREGOING HAS BEEN APPROVED AND QUALIFIED BY COMPANY. FOR THE REMOVAL OF ANY DOUBT IT IS HEREBY CLARIFIED THAT THE COMPANY RESERVES THE RIGHT, AT ITS SOLE AND ABSOLUTE DISCRETION, TO CHANGE, MODIFY, ADD OR REMOVE, AT ANY TIME, ANY CRITERIA APPLYING TO ANY COMMISSION, INCLUDING WITHOUT LIMITATION, SETTING ANY BASELINE, THRESHOLD, MINIMUM DEPOSITS/EARNINGS AND/OR OTHER REQUIREMENT(S) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreementFOR RECEIVING ANY COMMISSION SET FORTH HEREIN. 7.3 6.3. Payment requests are eligible when an Affiliate’s pending balance exceed $500 for Commission generated in previous calendar months. The Company shall within 15 fifteen (fifteen15) Business Days of the end of each calendar month in which any Clients referred by Affiliate has requested payment upon submission of an invoice, credit payment to the Marketing Partner had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedulelinked BlackBull Markets Affiliate Commission account. 7.4 6.4. The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions Commission in the event of the Company’s reasonable belief of the breach by the Marketing Partner Affiliate of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner Affiliate account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions Commission accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner Affiliate inoperative, to change the Marketing PartnerAffiliate’s compensation plan (including retroactively) and immediately block Marketing Partner's Affiliate’s access to the Company’s Marketing Partner affiliate program, with no compensation to Marketing PartnerAffiliate. Marketing Partner Affiliate hereby irrevocably waives any claim or demand against the Company, its Marketing Partnersaffiliates, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner being in full compliance with its obligations under this Agreement, the Marketing Partner shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers with any member of the Ava Group Crown Holdings accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner acknowledges, understands, agrees and accepts that the Ava Group Crown Holdings retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group Crown Holdings and that it will at no time be permitted to participate in Ava Group’s Crown Holdings assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s Crown Holdings assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group Crown Holdings complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group Crown Holdings may undertake for any reason. 7.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing Partner. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group Crown Holdings and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreement. 7.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperative, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access to the Company’s Marketing Partner program, with no compensation to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason. 7.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing PartnerAffiliate. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner Affiliate prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner Affiliate who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner Affiliate with respect to all Clients referred by the Marketing Partner Affiliate from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreement. 7.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Affiliate had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner Affiliate of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner Affiliate account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Non- Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner Affiliate inoperative, to change the Marketing PartnerAffiliate’s compensation plan (including retroactively) and immediately block Marketing PartnerAffiliate's access to the Company’s Marketing Partner affiliate program, with no compensation to Marketing PartnerAffiliate. Marketing Partner Affiliate hereby irrevocably waives any claim or demand against the Company, its Marketing Partnersaffiliates, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 6.1 Subject to the provisions of this Clause 7 6 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava a Group company accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group Company retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group Company and that it will at no time be permitted to participate in Ava Groupthe Company’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava GroupCompany’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group company complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group Company may undertake for any reason. 7.2 6.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing PartnerAffiliate. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreementFOR THE REMOVAL OF ANY DOUBT IT IS HEREBY CLARIFIED THAT THE COMPANY RESERVES THE RIGHT, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5AT ITS SOLE AND ABSOLUTE DISCRETION, TO CHANGE, MODIFY, ADD OR REMOVE, AT ANY TIME, ANY CRITERIA APPLYING TO ANY COMMISSIONS, INCLUDING WITHOUT LIMITATION, SETTING ANY BASELINE, THRESHOLD, MINIMUM DEPOSITS/EARNINGS AND/OR OTHER REQUIREMENT(S) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreementFOR RECEIVING ANY COMMISSION. 7.3 6.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Affiliate had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner of any provision of this Agreement or of any applicable law or 6.4 if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner Affiliate account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner Affiliate inoperative, to change the Marketing PartnerAffiliate’s compensation plan (including retroactively) and immediately block Marketing PartnerAffiliate's access to the Company’s Marketing Partner affiliate program, with no compensation to Marketing PartnerAffiliate. Marketing Partner Affiliate hereby irrevocably waives any claim or demand against the Company, its Marketing Partnersaffiliates, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 5.1 Subject to the provisions of this Clause 7 5 and subject at all times to the Marketing Partner Business Introducer being in full compliance with its obligations under this Agreement, the Marketing Partner Business Introducer shall be entitled to Commission (as defined in Schedule 1 below) if a prospective Client referred by the Marketing Partner registers Business Introducer enters into the ISA with any member of the Ava Group accepting the Terms and ConditionsRegulated Entities, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditionsof the ISA. The Marketing Partner Business Introducer acknowledges, understands, agrees and accepts that the Ava Group Regulated Entities retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group Regulated Entities and that it will at no time be permitted to participate in Ava Groupthe Regulated Entity’s assessment of the knowledge and experience of the prospective Client of Financial Instruments in CFDs (known as “appropriateness” test) or in the Ava Group’s Regulated Entities’ assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group Regulated Entity complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group Regulated Entity may undertake for any reason. 7.2 5.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company provisions set out in Schedule 1 hereto (“Commission Structure and the Marketing Partner. Notwithstanding anything Schedule”) and subject to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreementClause 5. 7.3 5.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Business Introducer had any trading activity in their trading accounts with the CompanyRegulated Entities, make payment send to the Business Introducer a written statement setting out, in respect of such month, the Commission payable to the Business Introducer. Payment of the invoice is subject to confirmation by the Company as per to the agreed Fee schedulerelevant Referrals made by the Business Introducer. 7.4 5.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner Business Introducer of any provision of this Agreement. 5.5 The Business Introducer undertakes to provide to the Company as soon as reasonably practicable after the date of this Agreement coming into effect, and in any event not later than the date on which the first payment of the Commission becomes due, accurate wire transfer details which shall indicate the Business Introducer as the sole beneficiary of the payment. The Company shall have a right to reject any payment to the Business Introducer hereunder if the Business Introducer is not the sole beneficiary in the payment details provided by the Business Introducer to the Company. The Company shall not be liable for any errors or inaccuracies in the payment details provided by the Business Introducer. 5.6 Commission shall be payable to the Business Introducer in United States Dollars (USD) only, unless the Company elects at its discretion to affect a payment in any other currency. 5.7 The Business Introducer shall bear its own costs in providing Services hereunder and shall be solely responsible for the payment of all its personnel, marketing, communication, administration and other overhead expenses, taxes and/or charges and/or fees and duties arising from the provision of Services pursuant to this Agreement (including on domain and other internet related payment). 5.8 It is agreed by both Parties, that the Commission payable by the Company to the Business Introducer is subject to review from time to time. 5.9 Without prejudice to the provisions of Clause 23 (Indemnity and Remedial Action) below, the Commissions payable by the Company under this Agreement shall be subject to malus and clawback, such that in the case of Adverse Action against the Company or its Group, the Company may refuse to make further payments of Commission, and/or may demand repayment of any applicable law Commissions already paid to the Business Introducer up to the amount of a reasonable estimate of the Company’s loss resulting from such breach or if failure. The Company and the Business Introducer agree that the provisions of this Clause 5.9 are without prejudice to any other rights which the Company has or the Group may have against the Business Introducer, whether arising under law, contract or otherwise. 5.10 Where the Business Introducer refers to the Company persons who also become Business Introducer of the Company (“Sub-Business Introducer”), the Business Introducer, in effectively a reason Master Business Introducer capacity shall be entitled to believe that there is a Non-Qualified Traffic such payments as shall be agreed between the Company and the Business Introducer in writing. 5.11 The Company may, in its sole and absolute discretion, provide additional remuneration in the Marketing Partner account. In the event form of a reward, based on qualitative and other criteria that the Company determines may establish from time to time, having also regard to Applicable Laws and Regulations. The Business Introducer shall not receive any Commission from the activity constitutes Non-Qualified Traffic, market performance of the clients’ trading portfolio. 5.12 The Company shall recalculate or withhold has the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the absolute right, in addition after giving prior notice to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperativeBusiness Introducer, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access Commission payable to the Business Introducer for reasons related to the Company’s Marketing Partner programremuneration policy by giving to the Business Introducer at least 15 Business Days’ advance notice by e-mail. Where the Business Introducer does not return to the Company with written objections to the proposed changes to the Commission and continues to provide Services after receiving or being deemed to have received notice in accordance with the provisions of this Agreement, the Business Introducer will be deemed to have accepted such change in the Commission payable, by conduct. For the avoidance of doubt, any change in Commission made hereunder shall apply, from the date on which any such change became effective, shall apply with no respect to both the Clients referred by the Business Introducer prior to such change and the Clients referred after such change, but shall not affect any payments of Commission accrued up to the effective date of such change. The Business Introducer shall not receive any remuneration or other non-monetary compensation from any Client which it refers to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by Referrals. 5.13 The Business Introducer is prohibited from receiving or handling any funds from any Client for any purpose whatsoever, whether as recipient for its own account or for the purpose of relaying or delivering such funds to any other person or entity, including, without limitation, the Company.

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-your- customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason. 7.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing PartnerAffiliate. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner Affiliate prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner Affiliate who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner Affiliate with respect to all Clients referred by the Marketing Partner Affiliate from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreement. 7.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Affiliate had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner Affiliate of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner Affiliate account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner Affiliate inoperative, to change the Marketing PartnerAffiliate’s compensation plan (including retroactively) and immediately block Marketing PartnerAffiliate's access to the Company’s Marketing Partner affiliate program, with no compensation to Marketing PartnerAffiliate. Marketing Partner Affiliate hereby irrevocably waives any claim or demand against the Company, its Marketing Partnersaffiliates, its directors, officers, shareholders, employees in respect of such action taken by the Company.

COMMISSION AND PAYMENT. 7.1 5.1 Subject to the provisions of this Clause 7 5 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers Affiliate enters into the ISA with any member of the Ava Group accepting the Terms and ConditionsRegulated Entity, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditionsof the ISA. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group each Regulated Entity retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group each Regulated Entity and that it will at no time be permitted to participate in Ava Groupeach Regulated Entity’s assessment of the knowledge and experience of the prospective Client of Financial Instruments in CFDs (known as “appropriateness” test) or in the Ava Groupeach Regulated Entity’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group each Regulated Entity complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group each Regulated Entity may undertake for any reason. 7.2 5.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company provisions set out in Schedule 2 hereto (“Commission Structure and the Marketing Partner. Notwithstanding anything Schedule”) and subject to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreementClause 5. 7.3 5.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner Affiliate had any trading activity in their trading accounts with each Regulated Entity, send to the CompanyAffiliate a written statement setting out, make payment in respect of such month, the Commission payable to the Affiliate. Payment of the invoice is subject to confirmation by the Company as per to the agreed Fee schedulerelevant Referrals made by the Affiliate. 7.4 5.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner Affiliate of any provision of this Agreement. 5.5 The Affiliate undertakes to provide to the Company as soon as reasonably practicable after the date of this Agreement coming into effect, and in any event not later than the date on which the first payment of the Commission becomes due, accurate wire transfer details which shall indicate the Affiliate as the sole beneficiary of the payment. The Company shall have a right to reject any payment to the Affiliate hereunder if the Affiliate is not the sole beneficiary in the payment details provided by the Affiliate to the Company. The Company shall not be liable for any errors or inaccuracies in the payment details provided by the Affiliate. 5.6 Commission shall be payable to the Affiliate in United States Dollars (USD) only, unless the Company elects at its discretion to effect a payment in any other currency. 5.7 The Affiliate shall bear its own costs in providing Services hereunder and shall be solely responsible for the payment of all its personnel, marketing, communication, administration and other overhead expenses, taxes and/or charges and/or fees and duties arising from the provision of Services pursuant to this Agreement (including on domain and other internet related payment). 5.8 It is agreed by both Parties, that the Commission payable by the Company to the Affiliate is subject to review from time to time. 5.9 Without prejudice to the provisions of Clause 23 (Indemnity and Remedial Action) below, the Commissions payable by the Company under this Agreement shall be subject to malus and clawback, such that in the case of Adverse Action against the Company or its Group, the Company may refuse to make further payments of Commission, and/or may demand repayment of any applicable law Commissions already paid to the Affiliate up to the amount of a reasonable estimate of the Company’s loss resulting from such breach or if failure. The Company and the Affiliate agree that the provisions of this Clause 5.9 are without prejudice to any other rights which the Company has or the Group may have against the Affiliate, whether arising under law, contract or otherwise. 5.10 Where the Affiliate refers to the Company persons who also become Affiliates of the Company (“Sub-Affiliate”), the Affiliate, in effectively a reason Master Affiliate capacity shall be entitled to believe that there is a Non-Qualified Traffic such payments as shall be agreed between the Company and the Affiliate in writing. 5.11 The Company may, in its sole and absolute discretion, provide additional remuneration in the Marketing Partner account. In the event form of a reward, based on qualitative and other criteria that the Company determines may establish from time to time, having also regard to Applicable Laws and Regulations. The Affiliate shall not receive any Commission from the activity constitutes Non-Qualified Traffic, market performance of the clients’ trading portfolio. 5.12 The Company shall recalculate or withhold has the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the absolute right, in addition after giving prior notice to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperativeAffiliate, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access Commission payable to the Affiliate for reasons related to the Company’s Marketing Partner programremuneration policy by giving to the Affiliate at least 15 Business Days’ advance notice by e-mail. Where the Affiliate does not return to the Company with written objections to the proposed changes to the Commission and continues to provide Services after receiving or being deemed to have received notice in accordance with the provisions of this Agreement, the Affiliate will be deemed to have accepted such change in the Commission payable, by conduct. For the avoidance of doubt, any change in Commission made hereunder shall apply, from the date on which any such change became effective, shall apply with no respect to both the Clients referred by the Affiliate prior to such change and the Clients referred after such change, but shall not affect any payments of Commission accrued up to the effective date of such change. The Affiliate shall not receive any remuneration or other non-monetary compensation from any Client which it refers to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by Referrals. 5.13 The Affiliate is prohibited from receiving or handling any funds from any Client for any purpose whatsoever, whether as recipient for its own account or for the purpose of relaying or delivering such funds to any other person or entity, including, without limitation, the Company.

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner being in full compliance with its obligations under this Agreement, the Marketing Partner shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason. 7.2 The amount of commission and or other payments (collectively the “Commission”) payable shall be as determined in accordance with Fee schedule agreement agreed between the Company and the Marketing Partner. Notwithstanding anything to the contrary in this Agreement or in any Fee schedule agreement, no Commission will be payable to the Marketing Partner prior to the registration and compliance with the other conditions referred to herein of five (5) prospective Clients referred by the Marketing Partner who make a minimum required deposit as determined by the Ava Group and open and close at least one trade (the "Minimum NAC Requirement"). Once the Minimum NAC Requirement has been achieved, Commission will be payable to the Marketing Partner with respect to all Clients referred by the Marketing Partner from the first such Client, all in accordance with the other provisions of this Agreement and any applicable fee schedule agreement. 7.3 The Company shall within 15 (fifteen) Business Days of the end of each calendar month in which any Clients referred by the Marketing Partner had any trading activity in their trading accounts with the Company, make payment as per the agreed Fee schedule. Only modifications to the partner account data completed before the 10th of each month will be integrated into the subsequent monthly payment cycle. 7.4 The Company shall have a right to suspend and/or withhold any accrued but unpaid Commissions in the event of breach by the Marketing Partner of any provision of this Agreement or of any applicable law or if the Company has a reason to believe that there is a Non-Qualified Traffic in the Marketing Partner account. In the event that the Company determines the activity constitutes Non-Qualified Traffic, the Company shall recalculate or withhold the Commissions accordingly and in its sole discretion. It is hereby further clarified that in any event that the Company determines that the suspected transactions are in fact Non-Qualified Traffic, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the link assigned to such Marketing Partner inoperative, to change the Marketing Partner’s compensation plan (including retroactively) and immediately block Marketing Partner's access to the Company’s Marketing Partner program, with no compensation to Marketing Partner. Marketing Partner hereby irrevocably waives any claim or demand against the Company, its Marketing Partners, its directors, officers, shareholders, employees in respect of such action taken by the Company.