Exhibit A: CUSTOMER AGREEMENT EQUALS MONEY TERMS AND CONDITIONS PARTNER TERMS These terms and conditions (“terms”) are the terms on which Equals Money PLC “We, Us, Our” supply products and/or services (collectively “services”) to You. In these Terms “You, Your” means the corporate account holder of the Services supplied by Us. The Services can also be provided to You following your referral to Us by The Money Cloud LTD (“Business”) who provides their own products and services to You. The Business is a program partner and is not a financial services provider. You may have a separate agreement with the Business which will govern the terms of the relationship between You and the Business. We are not a party to that agreement. In the event of a conflict between these Terms and Your agreement with the Business insofar as the Services are concerned, these Terms shall prevail. Equals Money PLC is authorised by the Financial Conduct Authority to provide payment services (FCA No. 488396) with its registered office address at, Vintners’ Place, 68 Upper Thames Street, London, EC4V 3BJ, United Kingdom. GENERAL TERMS 1. Glossary 1.1 The definitions and rules of interpretation in this clause apply in these terms as follows: 1.2 Acts means the Proceeds of Crime Act 2002, the Terrorism Act 2000 and the Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017 together with any subsequent laws updating or replacing the same; 1.3 Account: the bank account notified by You to Us into which any sums due from Us to You pursuant to any Order will be paid. 1.4 Authorised User: is any employee or contracted associate of You that You notify Us of, in writing. 1.5 Business day: a day other than Saturday, Sunday or a public holiday in England. 1.6 Business hours: 09.00 – 17.00 on a business day. 1.7 Client money: money held by Us on Your behalf, which will be held in a designated client account, segregated from Our money and not used as business expenditure unless specifically set out in these terms. 1.8 Client Nominated Account: the bank account nominated by Us from time to time into which the client funds will be paid. 1.9 Contract: individual Orders that have been accepted by Us. 1.10 Contract Note: the written document setting out the details of an Order that will be sent to You following Order Confirmation. 1.11 Direct investment: capital investment in an enterprise, either directly or through a holding company, for the purpose of acquiring a long-term interest and significant EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT control over the management of that enterprise. 1.12 Electronic platform: the electronic trading platform used by Us to provide the services. 1.13 Goods and services: all goods and services including, but not limited to, intellectual property, such as computer software and patents, and land. 1.14 Good till cancelled: an Order which remains valid until cancelled by You. 1.15 Limit order: has the meaning given in clause 22.2. 1.16 Margin: a deposit or advance payment required in relation to a forward transaction. 1.17 Margin call: a request by Us to You to provide additional amounts (not exceeding the full amount of the sale currency) as We may reasonably require on account to cover adverse exchange rate movements between the date of the Contract and the Value Date. 1.18 Margin Nominated Account: the bank account nominated by Us from time to time into which the Margin will be paid. 1.19 MiFID Exempt Forward Transaction: a forward transaction that is entered into as a means for facilitating payment for identifiable goods and services or direct investment, where the client is not a financial counterparty (as defined in Article 2(8) of the European Market Infrastructure Regulation) and which is settled physically unless otherwise permissible under the regulations or the Market in Financial Instruments Directive II. Order: your oral, electronic or written instruction for us to perform a spot transaction, forward transaction, stop loss order, limit order. 1.20 Order. your oral, electronic or written instruction for us to perform a spot transaction, forward transaction, stop loss order, limit order. 1.21 Order Confirmation: when We confirm the details of the Order to You by telephone, electronically or in writing. 1.22 Policy: A policy document that You issue to Your employees setting out the basis upon which employees may use Our services. 1.23 PSR: The Payment Services Regulations 2017 or any successor laws or statutes 1.24 Sale currency: the sums in a designated currency payable by You to Us in respect of an Order including, without limitation, any Margin or Margin call. 1.25 Spot Contract: a Contract conferring the obligation to buy or sell a specified amount of currency where the Value Date is two business days after the Order. 1.26 Stop loss order: has the meaning given in clause 22.1. 1.27 Regulations: all laws and regulations from time to time in force relating directly or indirectly to the buying or selling of currency including, without limitation, the Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Proceeds of Crime Act 2002 and the Payment Services Regulations 2017. 1.28 Value Date: the date specified in the Contract Note by which You must have transferred the sale currency to the Client Nominated Account. 2. Entire Agreement 2.1 These terms (together with the Order) constitute the entire agreement between Us in relation to Your Order. 2.2 You acknowledge that You have not relied on any statement, promise, 2 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT representation, assurance, or warranty made or given by or on behalf of Us which is not set out in these terms and that You shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this agreement. 3. Who can use our services? 3.1 This agreement is between You and Us. Any employee that You authorise to use our services must be 18 years or over to use Our services. An Authorised User must be Your employee or contracted associate. You confirm that You have given all employees that will use Our services authority to bind Your business or entity. We reserve the right to seek confirmation that an employee has suitable authority where We deem this appropriate. 3.2 You warrant that Authorised Users will only use the services for the specific purposes required by You. Where appropriate You will issue a Policy to each Authorised User detailing the permitted use of Our services. 3.3 Your use of Our services must not violate any applicable laws and in particular The Acts. You warrant to Us that Your use of Our services does not violate any laws applicable to You. You take responsibility for any consequences of Your breach of this section. 3.4 The services include the provision by Us to You of either a virtual or physical card which may be used for purchases. The physical card shall be co-branded between Us and Business. 4. Anti-money laundering policies and sharing of data 4.1 We are registered with the Financial Conduct Authority (“FCA”) as an Authorised Payment Institution (reference number 488396) 4.2 Our staff are fully conversant with anti-money laundering and counter terrorist financing guidelines and are aware of their responsibilities in the monitoring and reporting of any actions that raise suspicion or give cause for concern. 4.3 We reserve the right to perform identity checks in accordance with these terms on all individuals or authorized Users who place an Order. By law, We must check Your identity and perform relevant checks on Your business. We will do so by searching Your record at identity authentication companies and fraud prevention agencies. The agencies will keep a record of Our search. We may use an automated scoring system as part of Our verification process, or we may ask you for documentary evidence. We may also need to visit your business premises. These checks are in accordance with the MLR 2017. If we suspect that you have given us false or inaccurate information, we may record our suspicions at fraud prevention agencies and may pass information about you to law enforcement agencies without further notice to you. 4.4 You confirm that we may share such information as is necessary with any third party, including Business, for your onboarding as a customer, as well as to provide such information as is reasonably necessary to Business to facilitate Business’s performance of its own contractual obligations to you under any relevant agreement that you have with Business. 4.5 We are obliged by law to monitor and report any unusual or suspicious transactions of any size taking place where We have reasons to believe the money is derived 3 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT from unlawful or illegal activity. 4.6 We reserve the right at all times to refuse to process any Order or terminate any Contract, which We believe, in Our sole discretion, is connected in any manner to any unlawful or illegal purpose. 4.7 There is a statutory obligation on all Our employees and their agents to report suspicious transactions to UK law enforcement agencies. Where any such report is made, We accept no liability for any delay in transmission of, or confiscation of the funds. 5. Shortfall 5.1 In the event of there being a shortfall on Your account, We will seek reimbursement of the shortfall from You immediately. We will seek to transfer the shortfall amount from any other account that You have with Us, from another payment method that You may nominate at that time, or from any funds that You subsequently pay into your account. Until the shortfall has been paid, We reserve the right to suspend Your account. 6. Closing your Account 6.1 Normally, We will give you 60 days’ notice before closing Your Account. However, We can close Your Account immediately if We suspect fraud or misuse of the Account, if You or Your employees act in a threatening or abusive manner to Our staff and representatives, if You are in breach of these terms and conditions, if We have security concerns, or if required by law. We will tell you of the closure as soon as we can where We\ are permitted to do so by law. 6.2 Should You terminate Your agreement with Business, We will take that as an instruction that this agreement should also cease. If you do not wish to end this Agreement, contact us via email at help@equasmoney.com or phone on +44 20 7778 9306. 7. Reliance on information posted 7.1 We shall use its reasonable endeavours to ensure that any dated information contained or reproduced on the Website and App is up to date at the stated date of its publication. 8. Intellectual property 8.1 All intellectual property and materials comprising or contained in the Website and App are owned or licensed by Us unless otherwise expressly stated. 8.2 You are entitled to access the Website and App for the purposes of accessing the facilities offered by Us. You may not use in any way, directly or indirectly, the Website and App or any of its components for any other purpose. The materials contained on the Website and App may not be copied or redistributed for commercial purposes or for compensation of any kind without prior written permission from Us. 9. Use of our online services 9.1 This clause applies if you use Our Electronic Platform or such other platform, We 4 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT may elect for Our customers to use from time to time. 9.2 Upon Our approval of Your request to access the electronic platform, We grant you (and your Authorised Users) a non-exclusive non-transferable licence to use the electronic platform. 9.3 You acknowledge that due to the nature of the internet and electronic communication there is a risk that communications may not operate free from error or interruption. We shall not be liable for: a) any error or interruption in communications; or b) any losses or delays in the transmission of instructions caused by any ISP or software failure; or c) for any breaches of security of the electronic platform beyond our reasonable control. d) Any downtime necessary to carry out essential maintenance or upgrading of Our platform. 10. Cybercrime Alert: Emails and Bank Details 10.1 There is a significant and increasing risk posed by cyber fraud, specifically with the interception of email accounts and bank account details. 10.2 Please ensure that You and Your employees are extra vigilant when making payments and ensure You are only making payment to bank details You have been provided with from Us. We are not responsible for any losses You incur as a result of either fraud by You or Your employees or gross negligence by You or Your employees. 10.3 You will notify Us immediately if You have concerns about the security of Your access to the Electronic Platform, including, but without limitation, where You have been the victim of a cyber-attack or some other form of data breach. We will not be responsible for any losses You incur which were suffered after such time as You reasonably ought to have brought any such data compromise to Our attention. 10.4 For confirmation of such details please contact Us or verify through your online account. 11. Links to other sites 11.1 The Website and App may contain links to third party Websites. Such links are provided to You for your convenience only. 11.2 We have no control over any material which has been published or contained on such third party Websites. We do not warrant the content or accuracy of such third party Websites nor do We accept responsibility or liability in relation to the content or products offered by or through such third party Websites. 12. Limitations on liability 12.1 All content shown on the Website and App (and all products and services provided by it) are provided and made available without any warranties, conditions or guarantees given by Us. In particular, We do not warrant the accuracy, suitability, reliability, completeness, performance and/or fitness for the purpose of the content of any products and services available through this Website and App. 5 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT 12.2 We use reasonable skill and care in providing Our products and services to You. However (to the maximum extent permitted by law) We are not liable to you for any loss, damage, claim or compensation (including loss of profit or loss of use) arising out of: a) Any inability to perform any of Our obligations due to failure of any technical or computer systems, or due to any other abnormal or unforeseeable circumstances beyond our control (such as acts of God, terrorism, war, government action or natural disaster), the consequences of which would have been unavoidable despite all its efforts to the contrary. b) Any breach by Us of any of our obligations, where such breach is due to Our duty to comply with any applicable laws of the United Kingdom. c) Any loss resulting from third party misuse, including but not limited to email interception, stolen identity, and fraud. d) Any loss resulting from Authorised User misuse, in breach of Your Policy, subject to paragraph 37. e) Any damage to Your computer equipment as a result of using this Website or any products or services provided from it. f) Any change in foreign currency rates which may occur from time to time. 12.3 Our maximum aggregate liability to You in respect of all foreign currency transactions undertaken by You shall be limited to the Contract value. 12.4 The disclaimers and limitations of liability in these terms shall not apply to any damages arising from death or personal injury caused by the negligence of Us or any of Our employees or agents or for fraud. 12.5 Nothing in these terms limits or excludes Our liability for any breach of our statutory obligations or obligations under the FCA rules or the PSRs. Where permitted by the PSRs, as this is a corporate-to-corporate contract, We hereby contract out of any and all obligations under the PSRs that we are permitted to do. We will not be liable for any default where it is a result of Our duty to comply with any applicable laws of the United Kingdom. If any provisions of these terms including these disclaimers and limitations shall be unlawful or unenforceable then such provisions shall be deemed to have been amended or their scope reduced to the minimum extent necessary to make them lawful or enforceable. The unlawfulness or unenforceability of any provision(s) of these terms shall not affect the validity and enforceability of the remaining terms. Your statutory rights remain unaffected. 13. Warranties, representations, and undertakings 13.1 You warrant and represent to us on a continuing basis that all information that you supply to us is complete, true, accurate and not misleading in any material respect, and that: a) You are acting as a principal and not as another party’s agent or representative; b) that You will only allow the services to be used by Authorised Users; c) You and your employees who are authorized Users are not prevented by any legal disability or subject to any law or regulation that would prevent You or them from performing Your obligations under these terms and any related transactions contemplated by them; d) You have all necessary consents and have the authority to enter into an agreement under these terms and subsequent Orders or other transactions contemplated by them and You are properly empowered and have obtained all 6 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT necessary corporate or other authority pursuant to its constitutional and organisational documents; e) You comply with all relevant laws, regulations, exchange control requirements and registration requirements. 13.2 You undertake to inform Us with immediate effect, where beneficial ownership of your corporation changes by more than 10%, where You change the address of Your registered office or where You appoint a new director. 14. Privacy and data protection 14.1 We process information about you in accordance with our privacy policy available here. By using the Website and App you confirm that all data you provide is accurate. 14.2 We may provide to Business all account information relating to You including without limitation transaction data, account numbers and card numbers as wells as payment and FX data. 14.3 We may receive information about you from Business to allow us to provide you with the services. We will process this information as if you had provided it directly to Us. 14.4 You will take such commercially reasonable security precautions to safeguard any data relating to the services and to prevent unauthorized third parties from accessing, modifying or altering such data; 15. Our contact details 15.1 You can contact Us via phone at +44 20 7778 9306 or email help@equalsmoney.com 16. Complaints 16.1 If You are unhappy in any way with your Account, please tell us so We can try to resolve the situation. You can complain via email, post or by calling us at the following details: Email: complaints.enterprise@equalsmoney.com Post: Equals Money PLC, Vintners Place, 68 Upper Thames Street, London, EC4V 3BJ, United Kingdom Phone: +44 20 7778 9302 16.2 We will aim to resolve any complaints within 15 business days of receiving Your complaint and in exceptional circumstances within 35 business days. Payment related complaints may take up to 8 weeks to resolve. 16.3 You can request our complaints procedure via the details in 16.1 16.4 If We are not able to resolve the complaint to Your satisfaction and You are eligible, You may be able to refer it to the Financial Ombudsman Service. 16.5 The Financial Ombudsman Service is a free, independent service which might be able to settle a complaint between You and Us. Their contact details are: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR; phone 0800 23 4567, Website www.financial- ombudsman.org.uk. 17. Regulatory and Safeguarding 17.1 We are an Authorised Payment Institution (“API”), authorised by the FCA to carry out activities relating to money remittance, operating a payment account, and issuing and/or acquiring of payment instruments under authorisation EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT number 488396. 17.2 The Card is issued to You by Equals Money International Limited (“EMInt”). EMI is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900493). 17.3 In order to make use of the products and services provided by Us, You may be instructed by Us to send funds to Us by way of Equals Money UK Limited (“EMUK”). EMUK is an API, authorised by the FCA under authorisation number 504547 and a member of the same corporate group as Us. 17.4 When you use funds to spend on Your Card we will pass these funds to EM so that they can provide you with e-money services. 17.5 We and EMUK as an FCA regulated API, and EMInt as an FCA regulated electronic money institution, are required to safeguard your funds. This means that when We or EMUK receive money from You for the execution of a payment transaction (“Relevant Funds”), We and EMUK will take certain steps, including: a) segregate Relevant Funds from any other funds; and b) if any Relevant Funds are still held at the end of the business day following the day on which they were received, place them in a separate account that We hold with an authorised credit institution or the Bank of England. 17.6 As an API, We and EMUK and as an EMI, EMInt, are not protected by the Financial Services Compensation Scheme (“FSCS”) and instead are required to safeguard funds which includes taking the steps described in clause 17.5 . You can read more about how We are required to protect customer funds here on the FCA Website. 18. Assignment 18.1 We may assign the benefit and burden of these terms or any Contract or Order to another company at any time. If We do this, your rights will not be affected. 19. Governing law and changes to these terms and conditions 19.1 All use of the Website and App and these terms and conditions is governed by the laws of England and Wales. 19.2 All disputes arising out of the use of the services or products provided by Us or any dispute relating to these terms and conditions shall be resolved by the Courts of England and Wales. 19.3 Changes to these terms will be communicated to You using the email or postal address that You have provided to us. Changes to your disadvantage will be communicated to You at least 60 days before the change is effective. At any time up to 60 days from the date of this notification, You may close your account without incurring any extra charges. Any other changes can be made immediately and communicated within 30 days. Please keep Your contact details current. When We send correspondence to this email or postal address, We will assume receipt by You. 19.4 You must let us know as soon as possible if You change your name, address, phone number or email address. If We contact You in relation to any product or service, We will use the most recent contact details You have provided to Us. Any email to You will be treated as being received as soon as it has been sent by Us. We will not be liable to You if your contact details have changed and You have not notified Us. EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT 19.5 We may make immediate changes to the exchange rate used to convert foreign transactions into Sterling. For all transactions made in a foreign currency you can find out what the applicable exchange rate was at the time of the transaction by contacting Our Customer Services Team. INTERNATIONAL PAYMENTS 20. Provisions relating to placing of the Order and when the Contract is formed between You and Us. 20.1 We reserve the right to ask for further information in order to process Your Order. 20.2 You will be able to correct the details of Your Order at any time until Your Order is submitted to Us. After that point You will no longer be able to correct details on Your Order, so please make sure they are correct at that time. 20.3 Submitting Your Order on the Website, App, verbally or via email will authorise Us to action Your Order. You will not be allowed to cancel it other than subject to section 24. 20.4 Should You wish to make any amendments to Your Order, this will be at Our discretion and if We are reasonably able to do so. If You wish to amend Your Order please contact us. Any such amendments will be subject to the applicable foreign exchange rates at the time of the amendment. If We agree to amend Your Order We will send an email confirming this. We are under no obligation to accept any such amendments to Your Order and We accept no liability or responsibility if We decide not to do so. 20.5 All Orders are subject to acceptance by Us and We will confirm such acceptance to You within the App (on screen or via a downloadable PDF) or by sending You an email that confirms the Order has been accepted. The Contract between Us and You will only be formed once We show or send You the Order Confirmation. We will treat the sending of the Confirmation by Us, as receipt by You. Until that time there will be no binding arrangement for Us to supply You with any services. You should retain a copy of the Order Confirmation for Your records. 20.6 We will assign an Order ID to Your Order which will be contained in the Order Confirmation. It will help us if You can tell us the Order ID whenever You contact us about Your Order. 20.7 When making an Order You rely solely on Your own judgement. If We provide you with information concerning any matter including (without limit) the foreign exchange markets, it is on a voluntary (not advisory) basis and We do not accept responsibility for the accuracy or completeness of such information or assume any duty of care in relation to it. 20.8 In entering into a Contract under these terms, You understand that: a) late arrival of funds to Us may result in next day or deferred delivery (and fees may apply); b) any forward transactions will be subject to daily Margin requirement; c) We cannot predict future exchange rates in the event of market movement; d) We will only accept payment directly from client authorised and approved bank accounts unless otherwise specified and agreed with Us. 20.9 If Your Order is received by Us after 17:00 GMT on a business day or not on a business day, Your Order will be deemed received on the following business day. EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT 21. Providing the products 21.1 We will provide the currency to you within one Business Day after we receive payment in full in accordance with the Order. 21.2 If our supply of the currency is delayed by an event outside our control, then we will contact you as soon as possible to let you know and we will take steps to minimise the effect of the delay. 21.3 We will need certain information from you (e.g. evidence of source of funds, invoice, etc) so that we can supply the currency to you. We will contact you to ask for this information. If you do not give us this information within a reasonable time of us asking for it, or if you give us incomplete or incorrect information, we may either end the Contract or make an additional charge of a reasonable sum to compensate us for any extra work that is required as a result. We will not be responsible for supplying the currency late or not supplying any part of it if this is caused by you not giving us the information we need within a reasonable time of us asking for it. 21.4 We may have to change or suspend our services to: a) deal with technical problems or make technical changes; b) update the product to reflect changes in relevant laws and regulatory requirements; c) make changes to the product as requested by you or notified by us to you. 21.5 We will contact you in advance to tell you we will be suspending supply of the product, unless the problem is urgent or an emergency. You may contact us to end the Contract for an Order if we suspend it, or tell you we are going to suspend it and we will refund any sums you have paid in advance for the product in respect of the period after you end the Contract. 22. Stop loss orders and limit orders 22.1 A stop loss order is a conditional Order that will become either a spot transaction or forward transaction (in accordance with the Contract Note) if the target currency sells at or below the specified exchange rate before the agreed deadline (either the agreed date or good till cancelled as specified in the Contract Note). 22.2 A limit order is a conditional order that will become either a spot transaction or forward transaction (in accordance with the Contract Note) if the target currency sells at or above the specified exchange rate before the agreed deadline (either the agreed date or good till cancelled as specified in the Contract Note). 23. Price and payment 23.1 We will let you know the applicable exchange rate at the time when you place your Order. As long as we receive sufficient money from you by the time specified in clause 23.4 we will convert your money using that exchange rate. We use our best efforts to ensure that the exchange rate advised to you is correct. However please see clause 23.2 for what happens if we discover an error in the exchange rate of your Order. 23.2 If there is an error in the exchange rate communicated to you, we will contact you for your instructions before we accept your Order. In the event that we are unable to contact you within a reasonable timeframe, we may not be able to accept your Order. 23.3 We reserve the right to reissue the Contract Note to correct any inadvertent EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT mistake, error or omission and we agree to do so promptly as soon as it comes to our attention. 23.4 We accept payment with various methods as confirmed to you in your Contract Note. When you must pay depends on what type of Order you are making: a) for spot transactions, we must receive payment of the sale currency, in full, from you into the Client Nominated Account no later than 17:00 on the Value Date; and b) for forward transactions: i. you will immediately (in the normal course of events within 24 hours after the Order is placed unless otherwise agreed) pay into the Margin Nominated Account in cleared funds a Margin as determined in accordance with clause 24.5(b) below or such other percentage as we may specify at our sole discretion; ii. we must receive payment of the sale currency in full from you into the Client Nominated Account no later than 17:00 on the Value Date of the particular forward transaction. 23.5 If paying under the above terms, we will honour the rate and value of the transaction, however for payments to be sent as same day, earlier cut off times may apply. We will inform you of this earlier time, if it applies, when you are setting up your Order with us. 23.6 The provisions of this clause apply to forward transactions. a) We may in our absolute discretion, at any time before or after we agree to enter into a Contract, require you to provide us with a Margin. You acknowledge that this money will not generally be covered by the safeguarding requirements in regulation 23 of the Payment Services Regulations 2017 and agree that the principles set out in this clause will apply; b) In assessing the sum to be requested as Margin we will, acting reasonably, use our discretion in making a determination of the risk of the trade and request an appropriate sum, given the risk determination, as Margin for that forward transaction; c) We will hold the Margin for you in a segregated client account. You are still the beneficial and legal owner of this money until such point in time as we incur any costs, losses or liabilities in connection with or arising out of your Order(s) including, without limit, liabilities we incur with third party currency dealers, exchanges, brokers, banks or similar entities. Then we will become the beneficial owner of that proportion of the money, held as Margin, equal to our costs, losses, or liabilities, without notice or demand by us; d) We reserve the right to transfer the Margin to our counterparty bank or third party provider as Margin to cover the corresponding forward transaction entered into. e) We reserve the right to make a Margin call to re-establish the Margin to the original percentage level agreed for the particular Order if the Margin subsequently falls below an acceptable threshold for that Order; f) All Margin calls must be paid within 24 hours of our first communicating the Margin call to you; g) The Margin will vest in us automatically; i. on the Value Date; EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT ii. if you breach any material term of these terms; iii. in the circumstances set out in clause 26.1(e). h) We may also offset any Margin(s) or other monies we are holding in respect of any one of your Orders, against any costs, losses and/or liabilities that we incur in connection with or arising out of any other Order you have with us. 23.7 We accept no responsibility in the event that you send currency to any account other than the Client Nominated Account so you must check that the correct Client Nominated Account is set out in your Order. 23.8 All funds provided by you under an Order (whether as security or otherwise) may be appropriated by us if we incur any liability in respect of any transaction or in the event that you are unable to pay sums due to us or breach of these terms. 23.9 We may, at our discretion, make payments to third party introducers. 23.10 We will not be obliged to pay you interest on any Margin or client money held by us on your behalf. 23.11 You must pay all amounts due to us under these terms in full without any setoff, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law). 23.12 We are not a currency trading platform. Accordingly, you should not use our services for this purpose (including sending us multiple Orders without the intention of completing all the Orders). If we detect that you are using our services for this purpose, we may, at our discretion, set a limit on the number of Orders you may send to us or refuse to accept any further Orders from you. 24. Your rights to end the Contract 24.1 Under Section 11 (1) the Financial Services (Distance Marketing) Regulations 2004, You do not have any right to cancel any Contract. 24.2 You may have a right to end the Contract, depending on what you have bought, whether there is anything wrong with it, how we are performing and when you decide to end the Contract: a) If what You have bought is faulty or misdescribed You may have a legal right to end the Contract (or to get a service re-performed or to get some or all of Your money back); b) If You want to end the Contract because of something We have done or have told You we are going to do, see clause 24.3; c) In all other cases (if We are not at fault) see clause 24.4. 24.3 If You are ending a Contract for a reason set out at (a) to (e) below the Contract will end immediately and We will refund You in full for any products which have not been provided. The reasons are: a) We have told you about an upcoming change to the financial services product or these terms which you do not agree to; b) we have told you about an error in the price or description of the product you have ordered and you do not wish to proceed; c) there is a risk that supply of the products may be significantly delayed because of events outside our control; d) we have suspended supply of the products for technical reasons, or notify you we are going to suspend them for technical reasons, in each case for a significant period, and in any event no less than 5 business days; or EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT e) you have a legal right to end the Contract because of something we have done wrong. 24.4 Even if we are not at fault, you may still be able to end the Contract before it is completed, but this may be subject to deductions and/or you may have to pay us compensation. A Contract for services is completed when we have finished providing the services and you have paid for them. If you want to end a Contract before it is completed where we are not at fault, just contact us to let us know. If this is possible, the Contract will end and we will refund any sums paid by you for products not provided but we may deduct from that refund (or, if you have not made an advance payment, charge you) reasonable compensation for the net costs we will incur as a result of your ending the Contract. 25. How to end the Contract with us 25.1 Please contact us via phone at +44 20 7778 9306 or via email at help@equalsmoney.com. 26. Our rights to end the Contract 26.1 We may end the Contract if you break it. We may at any time end the Contract for an Order and/or close out all or part of any Order from the market and/or amend the Order to reflect a change in the exchange rate by writing to you if: a) you do not make any payment to us when it is due in accordance with these terms; b) you are in material breach of these terms or fail to comply with your obligations in respect of an Order; c) you are or we have reason to believe you are in breach of any relevant statute, regulation or regulatory regime; d) it becomes unlawful for us to perform the services; e) you become unable to pay your debts as they become due or have a bankruptcy petition presented against them or you propose a form of composition or arrangement to its creditors or if you cease or threaten to cease to carry on all or a part of your business; f) any of the events specified above or anything analogous to them occurs under the laws of any applicable jurisdiction; g) we are requested or directed to do so by any competent court of law, government authority, public agency, or law enforcement agency; h) we have reason to believe you are involved in any fraudulent activity, money laundering, terrorism financing or other criminal or illegal activity; or i) we consider that a forward transaction is not or ceases to be a MiFID Exempt Forward Transaction. 26.2 If we end the Contract in the situations set out in clause 26.1 we will refund any money you have paid in advance for products we have not provided but we may deduct or charge you reasonable compensation for the net costs we will incur as a result of your breaking the Contract. 27. Our responsibilities for loss or damage suffered by you 27.1 Both parties recognise that Orders that are activated are filled at the best possible EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT rate and on a best efforts basis, and are not guaranteed at the rate at which they are entered. There is therefore a risk that such Orders may be executed on less advantageous terms. 27.2 It should be recognised that any Order is entered at your risk and that we shall not be liable for any errors in such payment requests entered by you. Should any errors occur due to the incorrect inputting of data by you, we shall endeavour to retrieve such funds (but make no guarantee that we will be able to) on the basis that any costs incurred in this retrieval shall be paid by you (whether or not such retrieval is successful). We shall not be liable for any loss of interest or any subsequent cost or loss as a result of the Order being misdirected to the incorrect recipient. 27.3 Orders given by email or other internet communication are not secure and are sent at your own risk. Where an Order received by email or other internet communication is later found to be incorrect or to have been intercepted by a third party and altered, the liability for any loss resulting from such incorrect or altered Order shall remain with you. 27.4 We shall not be liable to you, whether in Contract, tort (including negligence), breach of statutory duty, or otherwise, for any loss of profit, or any indirect or consequential loss, management time, Contracts, goodwill and anticipated savings even if such loss was reasonably foreseeable arising under or in connection with any Contract between us. 27.5 We shall not be liable for any claim that arises as a result of currency fluctuation between the Order Confirmation and the Value Date or as a result of your noncompliance with these terms or caused by the failure or delay of any third party in the transmission, provision or delivery of any service. 27.6 You will be liable for any losses incurred in respect of: a) unauthorised payments arising from your failure to keep the personalised security features of your account safe; b) you not notifying us promptly of security issues on your account (e.g. loss of your password); c) you compromising the security of your account; or d) you failing to inform us about an unauthorised or incorrectly completed transaction within 13 months from the date when you sent your Order. 27.7 Our total liability to you for all other losses arising under or in connection with any Contract between us, whether in Contract, tort (including negligence), breach of statutory duty, or otherwise, shall be limited to £500,000. 27.8 You will indemnify and keep us indemnified against all losses and liabilities (including without limitation legal costs) incurred by us in the proper performance of your Order or in the enforcement of our rights hereunder and, in particular, losses and liabilities incurred as a result of: a) any default in payment by you of any sum due under a Contract or any other breach of these terms; b) our carrying out your instructions; or c) our exercising of our rights of suspension. 28. Warranties, representations, and undertakings related the International Payments Service 28.1 You warrant and represent to us on a continuing basis that all information that You supply to us is complete, true, accurate and not misleading in any material respect, and that: 14 EQUALS MONEY TERMS AND CONDITIONS 2023-09-21-CHT a) you will take risk in and ownership of the purchased currency upon payment of the full amount of the sold currency as directed by your instructions contained in the relevant Order; b) if the Contract is a forward transaction, it is a MiFID exempt forward transaction; c) all Orders are placed in pursuance of your usual trade or business; and d) all Orders will be for commercial purposes only and not for currency speculation and not for investment business.