Tel: +501 223 6696 | Email: info@xm.com | Web: www.xm.com | Address: No.

5 Cork Street, Belize City, Belize, C.A.

 ADDENDUM - AUTO-REBATES PROGRAM

PREAMBLE

This Auto-rebates Program (the “Program”) sets out the complete terms and conditions governing the
Introducer’s ability to use the Company’s ‘auto-rebates functionality’ and forms an integral part of the
Introducers’ Agreement that governs the Introducer’s business relationship with XM.

Please read carefully all the terms and conditions set out herein before applying to participate in the said
program. You must agree with and accept all of the terms and conditions contained in this Addendum without
modifications, which include those terms and conditions expressly set out below and those incorporated herein
by reference, before you may participate to the Program.

PARTIES TO THE AGREEMENT

a) XM Global Limited (operating under the trading name “XM”), a Securities Service Provider Licensee,
regulated and authorised by the International Financial Services Commission ("IFSC") in Belize under the
licence number IFSC/60/354/TS/17, having its registered office at No.5 Cork Street, Belize City, Belize,
C.A., hereinafter referred to as the “Company” or "XM";

and

b) The respective “Introducer”, who shall mean the individual or entity which is a member to XM’s Introducers ’
Program in accordance with the terms and conditions set in the Introducers’ Agreement, and who agrees
with and accepts the terms and conditions of the Program set forth herein and the participation of whom
to this Program has been accepted by the Company;

and furthermore may both hereinafter be referred to separately as the “Party” and jointly as the “Parties”.

WHEREAS

This Addendum sets out the terms and conditions upon which the Company will facilitate the automatic
payment of part of the Introducer’s Commission back into its respective Introduced Client’s trading account(s)
(i.e. ‘auto-rebates’).

All the Terms and Conditions and all provisions set out in the Introducers’ Agreement shall remain in full force
and effect. In consideration of the mutual obligations set out herein and except where the context requires
otherwise, references in this Addendum to the Introducers’ Agreement are to the Introducers’ Agreement as
amended by, and including, this Addendum.

IT IS AGREED:

1. Definitions of terms

Capitalised terms used in this Addendum, not otherwise defined herein, shall have the meanings set forth and
given to them in the Introducers’ Agreement. Any defined terms herein shall complement the terms defined in
the Introducers’ Agreement.

Rebates Means the percentage/amount of the Introducer’s Commission that an Introducer, who has
a business relationship with the Company, is willing to share with the Client he/she
introduced to the Company, using the Company’s auto-rebates functionality, on Introducer’s
own initiative and as determined and specified by the Introducer himself/herself.

The said Rebates is a percentage of the Commissions earned based on the respective
Introduced Client’s trading activity, as determined in the specific Auto-rebate Program that
the specific trading account participates to.
XM Group XM and its parent undertakings, subsidiary undertakings or subsidiary undertakings of its
parent undertakings.

Tel: +501 223 6696 | Email: info@xm.com | Web: www.xm.com | Address: No. 5 Cork Street, Belize City, Belize, C.A.
 2. Electronic Signatures and Introducers’ Acceptance of the Addendum

2.1. The Introducer hereby acknowledges and agrees to the terms of this Addendum, which form an integral
part of the Introducers’ Agreement by clicking on the “I Accept” button or similar buttons or links as may
be designated by the Company in the Partners Area. The Introducer acknowledges and accepts that it is
entering into a legally binding contract with the Company and fully agrees to abide by and to be bound
by all the terms and conditions set out in this Addendum.

2.2. The Introducer hereby waives any rights or requirements under any laws or regulations in any jurisdiction
which require an original (non-electronic) signature or delivery or retention of non-electronic records, to
the extent permitted under applicable law.

3. Subject of the Auto-rebate Program

3.1. The Introducer has the option to share a percentage/amount (i.e., depending on the financial instrument
on which the Introduced Clients trade on and the specifications of the auto-rebate Program the Client
participates to) of the Commission he receives from the Company, in accordance with the Introducers
Agreement, with his Introduced Clients by using the Company’s auto-rebates functionality. The terms
and conditions of the auto-rebates are outlined below:

3.1.1. With the use of the auto-rebate functionality, the Introducer may transfer to the trading account of
the Introduced Client automatically the respective Rebate amount as balance. The Introduc ed
Client’s trading account shall be credited with the Rebate amount on a weekly basis, as this may
be determined by the Company. The Rebate amount will not be paid earlier than 48 hours since
the related Commission was generated.

3.1.2. The auto-rebates apply only to Clients of the Company who have registered a trading account
through the Company’s Introducers and provided that the Introducer’s Commission generated from
such Clients’ trading activity is not the result of Fraud Traffic and/or does not contravene with the
Company’s Client Agreement/Terms and Conditions of Business which governs the business
relationship between the Introduced Client and the Company and/or the Introducers’ Agreement
which governs the business relationship between the Introducer and the Company.

3.1.3. The Introducer may offer more than one auto-rebate Programs, and each Program may have
different terms, conditions and specifications regarding the Rebate amount that is paid to
Introduced Clients.

3.1.4. The Introducer may change the percentage/amount of the Rebate shared with a Client at any time,
at his sole discretion. The terms and conditions, upon which part of the Introducers’ Commission is
shared with Introduced Clients, is the responsibility of the Introducer to determine and solely govern
the relationship between the Introducer and the Introduced Client. Particularly, the configuration of
the auto-rebates functionality and the respective conditions of such Rebate payments is the sole
responsibility of the Introducer as the Company does/will not interfere in any way to the
determination of the percentage/amount and/or any other terms and conditions set out by the
Introducer.

3.1.5. The maximum percentage of the Introducers’ Commission that can be used for Rebates is 100%
of the total Commissions earned. For example:

Assume that the Commission generated in relation to an Introduced Client is USD 1,000 and the
Introducer, at his own discretion, wishes to share 70% percent of the said amount with the
Introduced Clients. With the auto-rebates functionality, as configured by the Introducer, the USD
700 (i.e 70% of USD 1,000) will be automatically paid to the said Introduced Client’s trading account
on the day(s) specified by the Company. The remaining USD 300 is payable to the Introducer as
the Introducer’s Commission. Further assuming that the Introducer, at some point, wishes to share
all of his Commission with the said Introduced Client, the additional maximum amount that can be
paid to such client is the remaining USD 300 (i.e. USD 1,000 - USD 700 = USD 300). The latter
means that the Introducer is only able to pay 100% of the Commissions generated from this Client
(i.e., USD 1,000) as Rebates to the said client.

Tel: +501 223 6696 | Email: info@xm.com | Web: www.xm.com | Address: No. 5 Cork Street, Belize City, Belize, C.A.
 3.1.6. The Rebate amounts are calculated based on the volume (in USD or currency equivalent) of trading
transactions performed by the Introduced Client.

3.1.7. For the avoidance of any doubt, the Introducer and the Client shall not be considered to maintain
a relationship if the Client has already entered into an agreement with the Company without
registering through the Introducer.

3.1.8. The Company is not a party into the relationship between Clients/potential Clients and the
Introducer and, as such, the Introducer is solely responsible for the auto-rebates functionality
procedure.

3.2. If the Introducers and/or the Introduced Clients wish to receive a detailed statement of the amount of
Rebates paid/received, they must send an email to the Company at ib@xm.com.

3.3. The Introducer hereby acknowledges and accepts that the Company may adjust/re-adjust the
Commission structure of the Introducer, at its sole and absolute discretion. The Introducer acknowledges
and accepts that the latter may potentially affect the Rebates that are payable to Clients and confirms
that it is the Introducers sole responsibility to regularly review and monitor the relevant Commission
structure.

3.4. The Introducer hereby acknowledges and accepts that the auto-rebate functionality is discretionary and
the Company reserves the right to terminate this offer at any time with prior notice to the Introducer.

4. Restrictions

4.1. Without prejudice to any other provision in the Introducers’ Agreement, in the event that any activity in
the Introducer’s account or in any trading account which appears to be controlled/managed by the
Introducer or in any Introduced Client’s account is deemed suspicious by the XM Group, the Company
may, in its sole and absolute discretion, delay the payment of the Introducers’ Commission(s) until it
investigates and authenticates the relevant trading activity.

4.2. In the event that the XM Group determines that the activity constitutes Fraud Traffic, the Company may,
in its sole and absolute discretion, terminate the Introducer’s Agreement along with this Addendum and/or
re-calculate and/or withhold the Introducers’ Commission accordingly and/or take any other measure
against the Introducer it deems fit.

4.3. Should the trading activity/behaviour on the trading account of an Introduced Client be detected violating
the Client Agreement/Terms and Conditions of Business and/or the Introducers’ Agreement or
Commissions generated from allegedly fraudulent accounts or Introduced Clients are detected using
strategies aimed at deriving profits from Introducers’ Commissions and Rebates to the detriment of
legitimate trading (including, but not limited to, cases when this strategy is part of the common strategy
of a Client’s account and an Introducer’s account), the Company reserves the right to cancel the
Commissions generated from such accounts and exclude such Clients from participating in the Program
and/or terminate the business relationship with the Introducer and/or the Introduced Client.

4.4. Numerous ‘buy’ and/or ‘sell’ transactions on any financial instruments, which are carried out by an
Introduced Client without the purpose of resulting into financial gain, and thus, without using any of the
trading strategies, are considered as ‘churning’ of the Introducer’s Commission. Such transactions are
classified as transactions conducted in collusion with the Introducer, even if the Introducer’s and
Introduced Client’s data (such as IP address, contact details, etc.) do not have any intersections with the
Introducer. The Commission as well as the Rebates derived from such transactions will be cancelled and
the respective payment to the Introducer and/or Introduced Client shall not be made. The Company also
reserves the right to terminate the business relationship with the Introducer and/or the Introduced Client.

4.5. The Company shall, under no circumstances, be held liable for any actions and/or omissions of the
Introducer that resulted in violation of the provisions of the Introducers’ Agreement and/or of this
Addendum, and shall not reimburse the Introducer for any loss occurred from such action and/or
omission.

Tel: +501 223 6696 | Email: info@xm.com | Web: www.xm.com | Address: No. 5 Cork Street, Belize City, Belize, C.A.
 4.6. In the case that a credit/debit card chargeback request is submitted by an Introduced Client, all
Introducer’s Commissions generated by the specific account shall be cancelled. If the chargeback occurs
after the payment date of the Commission, then Commissions equal to the chargeback amount shall be
removed retrospectively and/or shall be deducted from any future Commissions generated in connection
with the said Client, up to the amount of the chargeback request submitted.

5. Termination

5.1. All the termination provisions set out in the Introducers’ Agreement remain in full force and effect and
apply to this Addendum.

5.2. Termination of this Addendum shall not require the closure of the Introducer’s Account, but closure of the
Introducer’s Account shall immediately terminate the Introducer’s Agreement, including this Addendum.

5.3. Either Party (i.e. Company or Introducer) may terminate this Addendum by giving five (5) business days’
written notice to the other Party.

6. Governing Language and Jurisdiction

6.1. This Addendum is made in English. Any other language translations are provided as a convenience only.
In the case of any inconsistency or discrepancy between the original English texts and their translation
into any other language, the original English text shall prevail.

6.2. This Agreement and all transactional relations between the Introducer and the Company are governed
by the Laws of Belize and the Competent Courts for the settlement of any dispute which may arise
between them shall be the Courts of Belize.

Tel: +501 223 6696 | Email: info@xm.com | Web: www.xm.com | Address: No. 5 Cork Street, Belize City, Belize, C.A.