Introducing Broker Agreement

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INTRODUCING BROKER AGREEMENT

THIS INTRODUCING AGREEMENT (the “Agreement”) is entered into as of the day of ,201 , between
……………………………., (“A”) and (“Introducer”).

WHEREAS, A is a dealer in Contracts For Difference on Equities, ETF, Futures and Forex on the aforementioned
contracts (collectively, “CFDs”);

WHEREAS, Introducer is engaged in the business of soliciting customers for transactions in CFDs and wishes to
introduce such customers to BMFN; and

WHEREAS, Introducer and BMFN wish to enter into an agreement pursuant to which Introducer will serve as
BMFN’s referral source to identify and refer prospective, suitable counterparties to BMFN for the purpose of
entering into transactions in CFDs;

NOW, THEREFORE, in consideration of the premises and the covenants and representations contained herein,
the parties agree as follows:

1. TRADING TERMS AND DEFINITIONS

The following definitions and terms apply to this Agreement:

A. “Introduced Counterparty” or “Introduced Account” shall mean each counterparty or account introduced
to BMFN by Introducer, accepted by BMFN and with whom BMFN does not have a current or prior existing CFD
relationship.
B. One “Contract” is defined as a transaction amount of 1 share/unit.
C. “Base Currency” is defined as the currency that is being priced, and the Exchange Rate is the price at which
1 unit of base currency can be bought or sold, and this price is expressed as X units of Quoted Currency.
D. One “Pip” is defined as the smallest numerical value of a price (the last digit to the Right of the decimal
point). The term “Pips” is synonymous and interchangeable with the terms “Points” and “Ticks”.

2. INTRODUCER SERVICES

The following definitions and terms apply to this Agreement:

A. Introducer hereby agrees to serve as a referral source for the purpose of (i) introducing and referring
prospective counterparties to BMFN for the purposes of CFD trading, and (ii) assessing the qualifications of such
prospective counterparties to engage in CFD trading. In determining whether a prospective counterparty is a
qualified counterparty for purposes of CFD trading, Introducer shall apply the counterparty qualification standards
as established by BMFN and communicated to Introducer from time to time. The counterparty qualification
standards will include (but are not limited to) an assessment of the prospective counterparty’s credit, market
knowledge and experience in CFD trading. Introducer shall provide all relevant information to BMFN with respect
to Introducer’s assessment of the qualifications of each prospective counterparty pursuant to BMFN’s established
counterparty qualification criteria. Introducer hereby agrees to use its best efforts during the term hereof to fulfill
the aforementioned purposes.
B. BMFN will have no obligation to accept as counterparty any person referred to it by Introducer.
C. In performing the services set forth herein, Introducer will have no authority to bind BMFN in any way and will
make no representations to prospective counterparties or other persons relating to BMFN or its CFD trading
operations that are not expressly authorized by this Agreement or have not been previously approved in writing by
BMFN. Introducer shall not issue, publish or distribute any advertisement, market letter, market research report or
other sales literature utilizing or making reference to the name or facilities of BMFN or any of its affiliates without
BMFN’s prior written consent.
D. Introducer agrees to maintain all websites and other web based promotional materials in compliance with
BMFN’s IB Promotional Material Rules (the “Rules”) that have been provided to Introducer. All information
contained therein, including proper disclaimers and statements regarding BMFN and its affiliates, must comply with
the Rules as set forth by BMFN. Any subsequent review of Introducer’s web materials that reveal a failure to
comply with the Rules shall be deemed a breach of this Agreement under 10(A) herein, and result in immediate
termination.

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E. Introducer will carry on its business as an independent contractor and not as an agent or employee of BMFN.
Introducer will not use the name BMFN in answering its telephone or in any other way represent itself to be
associated with BMFN other than in relationship of an introducing broker to BMFN which holds the funds of
Introducer’s customers, and acts as a principal counterparty to Introducer’s customers. In contracting for support
services, such as rent, telephone, quotation services, utilities and the like, Introducer will not use or refer to the
name "Boston Merchant Financial or BMFN”.

3. INTRODUCED COUNTERPARTY, INITIAL SOLICITATION & OPENING OF ACCOUNTS

A. For all introduced accounts, Introducer agrees to provide BMFN with all pertinent information with respect to
each Introduced Counterparty. Without limiting the generality of the foregoing, Introducer agrees to furnish BMFN for
each Introduced Account:
(i) the name, address, and principal occupation or business of the beneficial owner for whom the Introduced
Account is maintained, the signature of such beneficial owner (or of the persons authorized to act on behalf of
such beneficial owner), the name and address of any other persons who guarantee the Introduced Account,
exercise any trading control or otherwise trading in the Introduced Account, or have any direct or indirect
interest in the Introduced Account;
(ii) a signed copy of all written agreements with respect to the Introduced Account;
(iii) a copy of all account cards or records relating to the opening and maintenance of the Introduced Account;
(iv) a signed copy of the customer agreement and such other agreements as may be prescribed by BMFN with
respect to the Introduced Account;
(v) a signed copy of any guarantee or of any power-of-attorney with respect to the Introduced Account;
(vi) evidence of the authority of the person or persons authorized to transact business for the Introduced
Account and of the genuineness of all certificates and other documents pertaining to the Introduced Account, all
in such form as may be prescribed by BMFN;
(vii) a signed acknowledgement of receipt of each risk disclosure statement (including the statement provided in
the Customer Agreement) or disclosure document required by applicable law or BMFN;
(viii) Introducer further agrees that it will not use any document or agreement in connection with the
opening or maintenance of an account that has not been supplied or approved by BMFN.
B. The Introducer is prohibited from taking deposits from Introduced Counterparties on behalf of BMFN.
C. In case the Introducer refers other Introducing Brokers to BMFN, herein referred to as (Sub IB), the Introducer
shall provide BMFN with a) Articles of Incorporation, b) a copy of a photo ID of all directors whose signatures
appear on the Articles of Incorporation, for all of the Sub IBs.

4. BMFN’S OBLIGATIONS TO INTRODUCER

A. BMFN agrees to perform its obligations under this Agreement diligently and in compliance with all applicable
laws and regulations.
B. In return for its services, with respect to each Introduced Counterparty, BMFN agrees to pay to Introducer
and/or collect from such Introduced Counterparty and remit to Introducer the fees set forth on Schedules attached
hereto (collectively, the “Introducer Fees”). Such Introducer Fees shall be paid with respect to each Introduced
Counterparty as specified in Schedules attached hereto within fifteen (15) business days following the last day of
the calendar month.
C. Should Introducer manage funds of Introduced Counterparties through any means, including but not limited
to: an executed power of attorney; the use of multi-account manager; or is reasonable determined to be trading
the account of Introduced Counterparties by BMFN through IP tracking or some other independent investigative
tool of BMFN, Introducer’s monthly commission due, as set forth within the Schedule(s) attached hereto, shall not
exceed thirty-five percent (35%) of Introducer’s aggregate Introduced Counterparties equity and/or thirty-five
percent (35%) of the total equity of any single Introduced Counterparty account being managed. For purposes of
this calculation, client equity at month end shall be utilized. Should commission totals exceed thirty-five percent
(35%) of the total Introduce Counterparties equity or the client equity of any one Introduced Counterparty
account, BMFN shall only be obligated to pay Introducer an amount equal to thirty-five percent (35%). All amounts
above and beyond that shall be forfeited.
D. For all Introduced Counterparties referred to BMFN by Introducer and who enroll within any and all promotion,
promotional offer, promotional program or any other offering made available by BMFN, including but not limited to:
trading bonuses; deposit bonuses; general contests or new account bonuses, the Parties hereto agree that all Fee

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Schedules attached hereto, shall not be applicable and BMFN shall not be obligated to compensate Introducer for
such referred business.
E. For all Introduced Counterparties referred to BMFN’s Foreign Exchange Managed Account or Foreign Exchange
Managed Account Plus (collectively the “FXMA”) program by Introducer, BMFN agrees to pay to Introducer the fees
set forth within the applicable Schedule attached hereto (collectively, the “FXMA Fees”). Introducer acknowledges
and understands that Introducer Fees contained within other attached Schedules shall not apply for any and all
Introduced Counterparties referred to the FXMA program and Introducer shall not be paid based upon trading
volume. Such FXMA Fees shall be paid with respect to each Introduced Counterparty as specified in the FXMA
Schedule, attached hereto, within fifteen (15) business days following the last day of the calendar month.
d e r M I n ia l
F. The Introducer Fees set forth in the selected Schedules, where app lica b le, shall be payab le f or t he
duration of BMFN’s relationship with the Introducer. Upon termination of this Agreement, by either party, for any
reason, the Fee Schedule set forth in the selected Schedules, if applicable, shall no longer be payable and shall
terminate in compliance with Section 10 of this Agreement.
G. BMFN will deliver promptly to Introducer copies of all account statements with respect to the account of the
Introduced.

5. INTRODUCER’S OBLIGATIONS TO BMFN

A. Introducer agrees to perform its obligations under this Agreement diligently and in compliance with all
applicable laws, rules and regulations, governing Introducer’s activities.
B. Introducer shall notify BMFN in writing, immediately upon receipt or obtaining knowledge of any Introduced
Counterparty complaint or pending or threatened action or proceeding by any Introduced Counterparty in respect
of any alleged errors, corrections or other matters relating to any Introduced Counterparty transaction or account
with BMFN. BMFN at its discretion shall have the exclusive right to respond to, adjust, settle or reconcile any such
Introduced Counterparty complaint as such complaint pertains to BMFN.
C. Introducer shall be liable for any and all debit balances maintained in the account of any Introduced
Counterparty should BMFN be unable to obtain payment from such Introduced Counterparty after ten (10) calendar
days. Any such debit balance(s) shall be debited from any Introducer Fees due to Introducer. Should such debit
balance(s) total amounts greater than the following months Introducer Fees owed to Introducer by BMFN, any
outstanding balances shall be carried forward to the following month(s) until such time as any debit balance(s) are
satisfied.
D. Introducer shall deliver to BMFN; copies of all promotional material used by introducer to solicit forex business,
this material shall include but is not limited to all emails, all mailings, all websites and links to websites, any scripts
used. Introducer is obligated to have all promotional material approved by BMFN before use.
E. Introducer shall notify BMFN immediately if there are any changes in the introducer’s status for registration
with the appropriate authorities.
F. Introducer shall notify BMFN immediately if introducer receives any subpoenas, due to any type of fraudulent
business practices, including but not limited to; false claims, misleading promotional materials, or any customer
complaint.
H. Introducer shall notify BMFN immediately if introducer fails to receive timely payment of fees, as outlined
within the selected attached Schedule(s), if applicable, attached hereto, for its services from BMFN. Introducer
agrees that should timely payment not be made by BMFN, for any and all reasons, including, but not limited to,
administrative error or operational oversight, and Introducer fails to notify BMFN within sixty (60) days following
the date of payment as outlined in section 4(B) of this Agreement, Introducer waives any and all rights to such
payment and further waives any claims of restitution and/or unjust enrichment.

6. WARRANTIES, REPRESENTATIONS & CONVENANTS

A. BMFN, in order to induce Introducer to enter into and to perform this Agreement, does hereby represent and
covenant to Introducer as follows:
(i) BMFN has the right and power to enter into and perform its duties under this Agreement; has taken all
requisite corporate action to authorize the execution, delivery and performance of this Agreement and the
transactions contemplated herein; and that this Agreement has been duly authorized, executed and delivered by
BMFN and is binding upon and enforceable against it in accordance with the terms hereof.
(ii) Neither the execution, delivery or performance of this Agreement by, nor the consummation of, any
transaction contemplated otherwise, conflict with, result in a breach of, or constitute a default under or violate,
as the case may be,
(a) the Operating Agreement of BMFN,

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(b) any foreign, federal, state or local law, statute, ordinance, rule or regulation,
(c) any court or administrative order or process, or
(d) any contract, agreement, arrangement, commitment or plan of BMFN to which or by which BMFN may be
bound.
B. Introducer, in order to induce BMFN to enter into and to perform this Agreement does hereby represent and
covenant to BMFN as follows:
(i) If Introducer is an entity, it is duly organized, validly existing and in good standing under the laws of its
country of organization, and is qualified to do business in such other countries as the nature of its business
activities and properties therein may require.
(ii) Introducer shall not employ, on accounts held in their name, or introduce or assist any client at BMFN.
whether it be acting in concert with, or acting as an introducer, trader or otherwise for, such client account, any
scripts, codes, electronic advisors, software or any other form of computer program that will either be utilized in
order to entered into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any
inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN or to
circumvent controls or manipulate the systems of BMFN in order to delay feeds, obtain off-market pricing, or
otherwise provide beneficial market conditions for the applicable account(s). BMFN defines scalping as any
transaction which remains open for a period of less than three minutes in duration. Introducer agrees any and all
introducer Fees as set forth within Section 4(b) herein shall not apply to transactions conducted by an
Introduced Counterparty which fall under the definition and/or descriptions of Section 6(B)(iii) herein regardless
of Introducer’s knowledge of such activities.
(iii) Introducer has the right and power to enter into and perform its duties under this Agreement; has taken all
requisite corporate action to authorize the execution, delivery and performance of this Agreement and the
transactions contemplated herein; and that this Agreement has been duly authorized, executed and delivered by
Introducer and is binding upon and enforceable against it in accordance with the terms hereof.
(iv) Neither the execution, delivery or performance of this Agreement by nor the consummation of any
transaction contemplated otherwise, conflict with, result in a breach of, or constitute a default under or violate,
as the case may be,
(a) the charter documents of Introducer,
(b) any foreign, federal, or local law, statute, ordinance, rule or regulation,
(c) any court or administrative order or process, or
(d) any contract, agreement, arrangement, commitment or plan of Introducer to which or by which
Introducer may be bound.

(v) Introducer will not engage in any activity that would require Introducer to be a member of the Federal
Deposit Insurance Corporation (“FDIC”) or National Futures Association (“NFA”) or Financial Industry Regulatory
Authority (“FINRA”).
(a) Introducer will not solicit or introduce Canadian, Australian, and/or US citizens or permanent residents,
or Canadian, Australian, and/or US entities.
(b) Introducer will not operate its business or solicit from the US or any territories that fall under the US
jurisdiction, rules and regulations.
(vi) Introducer consents to, and agrees to assist BMFN with, any background check of any employees of
Introducer.
(vii) Introducer shall, at BMFN’s request, provide BMFN with a copy of its quarterly and year-end financial
statements and reports of its auditors, if any, as and when such reports are prepared. Introducer further agrees
to make its books and records available for reasonable inspection at all times by duly authorized representatives
of BMFN.
(viii) Introducer agrees that, upon request, it will provide BMFN with any information in Introducer's
possession with respect to any customer or any account.
(ix) Introducer agrees that, upon request, BMFN may inspect any research report or other sales literature used
or to be used by Introducer.
(x) Introducer agrees during the term of this Agreement and for two (2) years following the termination hereof,
that Introducer will not (i) directly or indirectly solicit for employment or engagement any of BMFN’s employees,
consultants or agents or any other person otherwise engaged by BMFN; (ii) solicit or attempt to solicit for
Introducer or any third party, any of BMFN’s clients or counterparties with the intent or purpose of providing
services to such client or counterparty similar to the services currently provided, or contemplated to be provided,
to such clients or counterparties by BMFN; or (iii) induce or attempt to induce any employee, consultant or agent
of BMFN to discontinue services to BMFN.
(xi) Introducer understands and agrees that all spreads offered on the trading platforms of BMFN are variable
and can fluctuate depending on volatility and liquidity within the market.
C. Each party, in order to induce the other party to enter into and to perform this Agreement, does hereby
represent and covenant to the other party as follows:

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(i) Each party shall keep confidential any information such party may acquire as the result of this Agreement
regarding the business and affairs of the other party, and shall make available to third parties only such
agreements, documents and papers supplied by the other party as may be authorized by the other party in
writing or pursuant to any order, subpoena or other process of a court or regulatory body of competent
jurisdiction. Each party shall give the other party prompt notice of the receipt by such party of any such order,
subpoena or other process.

7. OWNERSHIP, PROPRIETARY INFORMATION

All copyright, trademark, trade secret and other intellectual property rights belonging to BMFN shall remain at all
times the sole and exclusive property of BMFN. Introducer shall have no right or interest in any copyright,
trademark, trade secret, or other intellectual property of BMFN. Introducer will not publish, distribute, or otherwise
make available to third parties any information derived from BMFN or relating to any copyright, trademark, trade
secret or other intellectual property rights belonging BMFN without the prior written consent of BMFN. Introducer
will not copy, modify, de-compile, reverse engineer, and make derivative works of any intellectual property of
BMFN.

8. INDEMNIFICATION

A. Introducer agrees to indemnify and hold BMFN, its directors, officers, shareholders, members, employees,
agents, and each person, if any, controlling BMFN, harmless from any and all claims, demands, proceedings, suits,
or actions (whether in law or in equity), and from any loss, damage, liability or expense, including reasonable
attorneys' fees and other legal expenses, to which BMFN, or any of its affiliates may become subject arising out of
or relating to any act or omission of Introducer or any person connected, affiliated or associated with Introducer
which is or is alleged to be a violation of domestic or foreign statutes, laws or regulations or arising from
Introducer's or such person's alleged negligence or willful misconduct, or if Introducer fails to perform its
obligations or breaches its representations, warranties, and covenants hereunder. Introducer will indemnify and
hold BMFN harmless from any loss which BMFN may sustain as a result of errors made by Introducer, its agents,
servants and employees in connection with the services provided to prospective or introduced counterparties
hereunder. BMFN may, in its sole discretion, elect to assume the sole defense, including the settlement or
compromise, of any such claim, demand, proceeding, suit, or action instituted against BMFN and Introducer.
B. Any aforesaid indemnification, hold harmless obligation, guaranty or loss sharing arrangement shall remain in
effect without limit of time after the termination of this Agreement from any act or omission which shall have
occurred during the period of this Agreement, whether discovered then or at any time subsequent to the
termination of this Agreement.
C. Neither party shall be liable for any loss, damage, liability or expense resulting from any delay or default in
performing hereunder if such delay or default is caused by conditions beyond its control including, but not limited
to Acts of God, Government restrictions (including the denial or cancellation of any export or other necessary
license), wars, insurrections and/or any other cause beyond the reasonable control of the party whose performance
is affected.
D. Introducer shall promptly notify BMFN in writing of the assertion of any material claim against Introducer by
any Introduced Counterparty, or of the institution against Introducer or any affiliate, director, officer or employee
thereof of any suit, action, investigation or proceeding by any Introduced Counterparty or by any regulatory
agency, exchange or board of trade, and of every material development in any such claim, suit, action,
investigation or proceeding. If Introducer is involved in any such customer complaint, civil suit, reparations,
arbitration or regulatory proceeding or reasonably expects to become so involved, Introducer will cooperate with
BMFN by furnishing all documents necessary to conduct an investigation and defend a claim or proceeding, unless
it would be clearly prejudicial for Introducer to so cooperate. Without limiting the foregoing, Introducer will permit
appropriate persons of BMFN or its attorneys, insurance representatives or auditors to interview employees of
Introducer in the presence of representatives of Introducer.
E. In the event of any material claim against Introducer by any Introduced Counterparty, or of the institution
against Introducer or any affiliate, director, officer or employee thereof of any suit, action, investigation or
proceeding by any Introduced Counterparty or by any regulatory agency, exchange or board of trade, and of every
material development in any such claim, suit, action, investigation or proceeding, BMFN shall withhold any portion
or all of the Introducer’s security deposit or any commissions due to the Introducer to offset any settlement or
legal fees incurred by BMFN.
F. BMFN may at any time and in its sole discretion disclose the arrangement contemplated by this Agreement in
any document or in any manner it deems accurate and appropriate.

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9. EXPENSES

Each party shall be responsible for its own expenses incident to or arising out of this Agreement and neither party
shall be obligated, without its prior written consent, to pay any such expenses of the other party.

10. TERM; TERMINATION

A. BMFN or Introducer may terminate this Agreement immediately with or without cause, provided the
terminating Party provide written notice of such termination delivered via electronic mailing and/or physical mailing
to the applicable address provided. Upon dispatch of such written notice of termination the Agreement and any
and all rights that do not specifically survive such termination shall terminate, including but not limited to,
payments to Introducer due under the terms of this Agreement, will be extinguished.
B. Nothing in this Agreement shall prevent BMFN from exercising all of its rights under the respective customer
agreements for the customers introduced by the Introducer, including without limitation, the right to liquidate or
limit customer positions and the right to place customer accounts on a liquidation-only status.
C. Each party’s rights of termination hereunder shall be in addition to all other remedies and rights to which it
may be entitled under this Agreement.
D. In the event of termination of this Agreement, the terms and conditions of this Agreement shall survive and
continue to apply to any and liabilities and obligations of Introducer which occurred prior to termination, were
accrued prior to termination, or arose from events occurring prior to termination; including but not limited to,
the Introducer’s obligation to indemnify, reimburse and cooperate with BMFN.

11. AMENDMENTS

This Agreement may not be amended or modified except in writing. BMFN may amend this Agreement if notice of
such amendment is served to Introducer, in writing in accordance with Section 12 herein. This Agreement
represents the entire understanding between the parties, and all prior discussions and negotiations are merged in
it.

12. NOTICES

All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if
sent via email to the applicable email addresses reported herein by each Party or by physical mailing to the address
on file or to such other address as may be furnished by any party to the others in writing.

13. LIQUIDATED DAMAGES

If Introducer breaches any warranty, representation, obligation or other covenant contained within Sections 2, 5 or
6 within this Agreement, Introducer shall forfeit all Introducer Fees, including rebates, commission, and/or profit
sharing (if applicable), paid under this Agreement since inception as liquidated damages to BMFN and Introducer
agrees to make payment to BMFN in such aggregate amount within thirty (30) calendar days from written notice of
such a breach. The Parties agree that quantifying losses arising from Introducer’s breach of any warranty,
representation, obligation or other covenant contained within the applicable Sections of this Agreement is
inherently difficult insofar as such breach may greatly impact BMFN’s reputation within the industry and the Parties
further stipulate that the agreed upon sum is not a penalty, but rather a reasonable measure of damages, based
upon the Parties’ experience in the industry and given the nature of the losses that may result from reputational
damage

14. GOVERNANCE; VENUE

This Agreement shall be governed by, and construed in accordance with, the laws of the Russian Federation
without regard to the choice-of-law provisions thereof.

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15. JURISDICTION; ARBITRATION

Any dispute, controversy or claim which may arise out of or in connection with this Agreement, or the execution,
breach, termination or invalidity thereof, shall be settled by the International Commercial Arbitration Court at the
Chamber of Commerce and Industry of the Russian Federation in accordance with its Rules. The language to be
used in the arbitral proceedings shall be English and the place of arbitration shall be Moscow, Russia. The arbitral
tribunal shall consist of no more than three (3) arbitrators and all proceedings shall be conducted and a decision
rendered based solely on the submission of documents and other such materials. No oral hearings or oral
arguments shall be held. Client hereby waives the right to have such proceeding transferred to another arbitrator
or jurisdiction. No arbitration hereunder or relating to this Agreement, shall be brought by Client more than one
year after the date of the transaction giving rise to the cause for arbitration regardless of when Client discovers the
facts relating to the cause for arbitration.

16. CONSENT TO SERVICE OF PROCESS

Introducer agrees to authorize BMFN to act as its Agent for the purposes of receipt of service of process in any
legal proceedings initiated against Introducer. Upon receipt of service, BMFN shall by sending copies thereof by
registered or certified mail, notify Introducer of such legal proceedings at the address set forth in this Agreement.

17. TRIAL BY JURY; STATUE OF LIMITATIONS

Introducer acknowledges that it waives a trial by jury in any action arising out of or relating to this Agreement or
any transaction in connection herewith. In addition, Introducer agrees to waive any and all other applicable
statutes of limitations exceeding one year, including but not limited to, any statutory or common law state or
federal statute of limitations.

18. INVALIDITY OR UNENFORCEABILITY

Any provision hereof which is prohibited, invalid or unenforceable shall be ineffective only to the extent of such
prohibition, invalidity or unenforceability without invalidating the remaining provisions hereof.

19. INDEPENDENCE

This Agreement shall not be deemed to establish a joint venture or partnership between the parties, and Introducer
shall not be deemed to be an agent or employee of BMFN. Neither Introducer nor any of its officers, employees
and agents shall be deemed in any manner or under any circumstance to be an employee or agent of BMFN, and
no such person shall be entitled to any of the rights, protections or benefits provided by BMFN to its employees,
including without limitation, group insurance or any kind of pensions.

20. ASSIGNMENT; BINDING EFFECT

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns, provided, however, neither this Agreement nor any rights hereunder shall be assignable by the
Introducer without the express written consent of BMFN.

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21. ENGLISH AS PRINCIPLE LANGUAGE

This Agreement may be translated into other languages but, in the event of any inconsistency or ambiguity as to
the meaning of any word or phrase in any such translation, the English text shall prevail.

21. SECTION HEADING

The section headings in this Agreement have been inserted as a matter of convenience of reference only.

22. COUNTERPARTS

This Agreement may be signed by the parties in counterparts which together shall constitute one and the same
agreement between the parties and shall become effective at such time as each of the parties shall have signed
such counterparts and shall have notified the other party thereof.

IN WITNESS WHEREOF, the parties have executed this Agreement and attached Schedule(s) and incorporate
all terms into the accompanying Introducing Agreement on the date first written above.

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SCHEDULE INSTRUCTIONS

Please read the following instructions before proceeding which pertain to the four (4) attached Schedules. They will
inform you as to how to select the best Schedule(s) and applicable platform(s) that best suit your business model.
You are able to select more than one platform if desired

General: A schedule is attached which outlines the payout for each of BMFN’s four (4) platforms, BMF
Unitrader, BMF MT CFD, BMF MT FX, BMF Currenex and DMA. You are required to select the platform(s) you
intend to introduce clients to by CHECKING the applicable BOX located in the upper right hand corner of each
Schedule.

SCHEDULES

1. BMF Unitrader: Select schedule by checking the box at the top of the page. Enter
amount of commission to charge on CFD Currencies, if any, and select ONE of the eight (8)
commission structures set forth by BMFN to be applied to Commodities, Financials and
Shares by checking the applicable box.

2. BMF MT CFD: Select schedule by checking box at the top of the page. Enter amount
of commission to charge on CFD Currencies, if any, and select ONE of the eight (8)
commission structures set forth by BMFN to be applied to Commodities, Financials and
Shares by checking the applicable box.

3. BMF MT FX: Select platform by checking the box at the top of the page and enter
commission amount, if any.

4. BMF Currenex: Select schedule by checking box at the top of the page. Enter amount of
commission to charge on CFD Currencies by selecting ONE of the eight (8) commission
structures set forth by BMFN.

5. DMA: Select the platform by checking the box in the top right hand corner of the page.
Ensure you select ONLY ONE Group by checking the box in the right hand corner of the
schedule.

6. FXMA Program: This schedule applies strictly to the FXMA program offered through
BMFN. If you intend to introduce clients to the FXMA program you will be required to check
the box located in the upper right hand corner.

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Choose BMF Unitrader Schedule

BMF UNITRADER

Commissions charged by IB. The Commission Schedule below contains an FX commission field along with eight (8) commission
schedules with varying rates which will apply to Commodities, Financials and Shares. Please enter your commission amount on CFD
Currencies, if any and/or select only one schedule for Commodities, Financials and Shares, if desired. BMF Unitrader is a commission
ONLY platform. Variable Interbank Market Spreads, Transaction Fees on Shares

Products Commissions *Per Contract

CURRENCIES

$________($2.00 Maximum Commission) per $10,000

Pick one of 8 commission schedules (Mark with an “X” below)

COMMODITIES
Gold – Spot/Futures 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 per ounce/unit

Silver – Spot/Futures 0.005 0.01 0.015 0.02 0.025 0.03 0.035 0.04 per ounce/unit

Diamonds 0.25 0.5 1.00 2.00 3.00 4.00 5.00 6.00 per carat

Natural Gas 0.025 0.05 0.075 0.1 0.125 0.15 0.175 0.2 per contract

Crude Oil 0.5 1 1.5 2 2.5 3 3.5 4 per contract

FINANCIAL
US NASQ 100 0.125 0.25 0.375 0.5 0.625 0.75 0.875 1 per share

US SP 500 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 per share

US DJ Ind 30 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

UK FTS 100 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

Germany 30 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

France 40 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

Europe 50 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

SHARES
US Shares 0.03 cents per contract

US ETFs 0.03 cents per contract

Page 11 of
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Choose BMF MT CFD Schedule

BMF MT CFD SCHEDULE

Commissions charged by IB. The Commission Schedule below contains an FX commission field along with eight (8) commission
schedules with varying rates which will apply to Commodities, Financials and Shares. Please enter your commission amount on CFD
Currencies, if any and/or select only one schedule for Commodities, Financials and Shares, if desired. BMF MT CFD is a commission ONLY
platform. Variable Interbank Market Spreads.

Products Commissions *Per Contract

CURRENCIES

$________($2.00 Maximum Commission) per $10,000

Pick one of 8 commission schedules (Mark with an “X” below)

COMMODITIES
Gold – Spot 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 per ounce/unit

Silver – Spot 0.005 0.01 0.015 0.02 0.025 0.03 0.035 0.04 per ounce/unit

Natural Gas 0.025 0.05 0.075 0.1 0.125 0.15 0.175 0.2 per contract

Crude Oil 0.5 1 1.5 2 2.5 3 3.5 4 per contract

FINANCIAL
US NASQ 100 0.125 0.25 0.375 0.5 0.625 0.75 0.875 1 per share

US SP 500 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 per share

US DJ Ind 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

UK 100 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

Germany 30 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

France 40 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

Europe 50 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per share

 RU.v004

Choose BMF MT FX Schedule

BMF MT FX SCHEDULE

1. Commission charged by IB. Please see the Commissions Schedule if you are to charge commissions to your customers.
BMFN reserves the right to reject commission amounts deemed excessive.

2. BMFN rebates to IBs. Rates of rebate paid to IB by BMFN are listed within the table below. Rates for BMF MTFX Platform vary
depending upon deposit and equity totals. Rates will be determined based solely on deposit total for IBs first month. Thereafter,
rates will be determined on a monthly basis based on total equity. Equity will be calculated at the applicable month’s end to
determine rebate rate.

*Example of Commissions that may be

Products * Commissions charged by IB based on settings of *Introducing Broker Rebates from BMFN
To Charge shares and units in the platform
CURRENCIES
Deposits/Equity of $0-$30,000 - $0.60 per $10,000
CFD Currencies - BMF MTFX
$1.00 per $10,000 Deposits/Equity of $30,001-$80,000 - $0.80 per $10,000
Fixed Spreads
Deposits/Equity of +$80,001 - $1.00 per $10,000

COMMODITIES
Gold $ $0.10 per ounce/unit $0.05 per ounce/unit
Silver $ $0.01 per ounce/unit $0.005 per ounce/unit

Crude Oil $ $1.00 per contract $1.00 per contract

* “Example of Commissions” column is a listing of examples of commissions. These numbers will not automatically be applied.
Should an IB wish to charge commissions they must be listed in the applicable column and be agreed upon by BMFN.
 RU.v004

Choose BMF Currenex Schedule

BMF CURRENEX SCHEDULE

Minimum Account - $25,000

Commissions charged by IB. The Commission Schedule below contains an FX commission field along with eight (8) commission
schedules with varying rates which will apply to Commodities, Financials and Shares. Please enter your commission amount on CFD
Currencies, if any and/or select only one schedule for Commodities, Financials and Shares, if desired. BMF Currenex is a commission
ONLY platform. Variable Interbank Market Spreads.

Products Commissions *Per Contract

Pick one of 8 commission schedules (Mark with an “X” below)

CFD CURRENCIES - Platform

Variable Spreads, Transaction 0.25 0.5 0.75 1 1.25 1.5 1.75 2 per $10,000
Fees apply
 RU.v004

Choose DMA Schedule

DMA SCHEDULE

1. FX Rebates - FX rebates on the DMA Platform are calculated and paid on a monthly volume basis.

a. Monthly volume equaling 0 to 499 lots –Introducer paid $7.00 per lot.

b. Monthly volume equaling 500 to 799 lots - Introducer paid $8.00 per lot.

c. Monthly volume equaling 800 to 999 lots – Introducer paid $9.00 per lot.

Monthly volume equaling 1,000 lots or greater - Introducer paid $10.00 per lot

2. Schedule Details - The schedule below outlines Group options and the applicable rates of each. Please select ONLY ONE
GROUP by checking ONE box in the far right hand column. Each Group contains an applicable rate of commission, rebate,
spread widening or a combination thereof.

Gold Silver Silver

FX Commission FX Rebate Gold Rebate X
Commission Commission Rebate
Group 0 $0.00 $0.00 $0.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 1 $10.00 $10.00 $1.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 2 $20.00 $20.00 $2.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 3 $30.00 $30.00 $3.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 4 $40.00 $40.00 $4.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 4n $10.00 $0.00 $0.00 $0.00 $15.00 $0.70
FX Spread Gold Silver Silver
FX Rebate Gold Rebate
Widen Commission Commission Rebate
Group 5 1 pip $10.00 $1.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 6 2 pip $20.00 $2.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 7 3 pip $30.00 $3.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 8 4 pip $40.00 $4.00 $7/$8/$9/$10.00 $15.00 $0.70
Group 8n 1 pip $0.00 $0.00 $0.00 $15.00 $0.70

*All rates quoted for 100,000 FX contract size / 100 oz Gold and Silver contract size
 RU.v004

Choose BMF FXMA Schedule

FXMA PROGRAMS SCHEDULE

1. General. Introducer shall be compensated at rates as set forth herein for all accounts
introduced to the Foreign Exchange Managed Account or Foreign Exchange Managed
Account Plus (collectively the “FXMA”) program. All terms and conditions contained within the
preceding selected Schedule(s) 1 shall not apply for any and all accounts introduced to the
FXMA program.

2. Management Fee. BMFN charges all clients a three percent (3%) one time Management
Fee, of which Introducer shall be paid a percentage. Introducer shall be paid a one time
Management Fee of one percent (1.0%). Payment of this fee results in BMFN paying to
Introducer thirty three percent (33%) of its entire Management Fee.

3. Performance Fee. BMFN charges all clients a thirty percent (30%) monthly Performance Fee,
of which the Introducer shall be pa id a percentage. Introducer shall be paid a monthly
Performance Fee of eight and one half percent (8.5%). Payment of this fee results in BMFN
paying to Introducer twenty-eight and one third percent (28.3%) of its entire Performance Fee.
Performance fees are taken on a high watermark basis.
 RU.v004

To better assist us in serving the needs of our introducing brokers, we request certain information
about your business. Please assist us by providing the information requested below. Please circle
response to “Yes / No” questions. If certain items do not apply, please mark those items “N/A,” sign
and date the form.

BROKER INFORMATION

Firm or Individual Name: ___

Name of Contact: ___

Date of incorporation: _________/___/_______ Origin of formation: _______________

Street Address: Apt. / Suite:

City: State/Province: Postal Code:

Phone (Business):

Fax (Business):

Website: Nature of Business:

E-mail:

BANK INFORMATION

Beneficiary:

Bank Name:

Bank Address:

City: State/Province: Post Code:

Account #: SWIFT/Bank Code:

CORPORATE INFORMATION

Date of Incorporation or Formation:

Country of Incorporation or Formation:
Ownership: Public____ Private____
Total Market Cap or Net Worth: $
If a Subsidiary, Please Provide Parent Company Name:
 RU.v004

* Please provide the most recent offering circular, memoranda or prospectus used to solicit
investors.
Number of General Partners or Directors:
Number of Limited Partners:

Please provide the following information for all general partners or directors.

GENERAL PARTNERS / DIRECTORS INFORMATION

Last Name First Name DOB Passport Number
Middle Initial (DD/MM/YYYY)
/ /
Address Home Phone Citizenship

Country

Address 2 Mobile Phone City

State of Birth
City State Fax Gender Marital
Postal Code Status

Country Province Email

BENEFICIAL OWNER(S) INFORMATION

Are the General Partners/Directors listed within this Application/Agreement the ultimate Beneficial
Owners of the entity establishing this relationship? Yes ____ No ____

If No, please provide the information below for ALL of the ultimate Beneficial Owner(s) of the entity establishing this
relationship:
Last Name First Name DOB Passport Number
Middle Initial (DD/MM/YYYY)
/ /
Address Home Phone Citizenship

Country

Address 2 Mobile Phone City

State of Birth
City State Fax Gender Marital
Postal Code Status

Country Province Email

 RU.v004

BENEFICIAL OWNER(S) INFORMATION

Last Name First Name DOB Passport Number
Middle Initial (DD/MM/YYYY)
/ /
Address Telephone Citizenship

Country
Address 2 Mobile Phone City

State of Birth
City State Fax Gender Marital
Postal Code Status

Country Province Email

* Should you require additional space to list ALL Beneficial Owners, please print additional copies of this page to
complete.

BROKER DETAILS

1. What type of entity is your firm: ____ Individual ____ Corporation__________Other

2. How many offices do you have?______Please list each branch.

3. Please list key employees and areas of responsibility:

4. Number of salesmen associated with the entity? ____

5. Number of accounts: ______. How many of these accounts are (please provide
percentages, with each “vs.” totaling 100%; so, for example, 90% speculative vs. 10%
hedge):

Speculative vs. Hedge

Retail vs. Institutional
Self-directed vs. Managed
Proprietary vs. Customer

6. Would any of the accounts be considered either pools or investment funds? Yes / No. If
yes, approximately how many?

7. Approximately, what is the amount of customer equity you introduce in actual U.S. Dollars?
. In notional equity?
 RU.v004

8. Is the firm actively soliciting new customers? Yes / No. If yes, does your sales force solicit
business in other countries? If so, where?

9. If soliciting, how do you solicit?

 Does the firm utilize lead lists? Yes / No. Are they purchased or provided free of
charge? What entities are lead lists obtained from? How does this entity compile
leads?

 Do you use promotional material? Yes / No. What types? (Print ads, TV / radio,
newsletters, direct mail); other?

10. How many customer complaints have you received in the past two ____. What
years? types of complaints were received (what was each customer
alleging)?

11. Has the firm received any customer complaints that allege excessive trading in discretionary
accounts? Yes / No. Any complaints that allege unauthorized trading? Yes / No.

12. Generally describe below and attach hereto documentation regarding any and all disciplinary
actions taken by any regulatory agencies.

I hereby swear or affirm that the information provided herein is known to be true or, based on my
best information, is believed to be true.

A completed form and any accompanying documents should be emailed to [email protected] or faxed
to +514 221 3812.