Terms

Team terms, version 1.0

Summary. Nox FZE team terms, version 1.0: a recorder of one venue's public market data, for your own use. Version 1.0, October 19, 2026.

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To: the business named in its acceptance (Schedule 1, part A)

These team terms are between Nox FZE, a Free Zone Establishment with Limited Liability holding License No. 11054 issued by the Umm Al Quwain Free Trade Zone Authority, with its registered office at M1003, Al Shmookh Business Center, One UAQ, UAQ Free Trade Zone, PO Box 11250, Umm Al Quwain, United Arab Emirates ("Nox FZE", "we", "us"), and the business named in its acceptance ("you"). They are for businesses only, acting in the course of their trade, and are published at https://noxfze.com/terms/team/1.0; the published copy never changes, and a revision is a new version at a new address. These team terms, with the details your acceptance gives under section 6, are your order form ("this order form"). It binds both parties as section 6 sets out.

What Nox FZE supplies. Nox FZE configures, operates, and maintains market data capture software to each customer's specification, with every hour sealed into a hash chain. Under this order form it runs one recorder, to your specification in Schedule 1, that records one venue's public market data for the instruments you list and delivers each sealed hour into storage you own. Each hour can be checked with the open verifier. This is a service: Nox FZE sells you no data, no packaged software and no software license, and gives no advice. The recorder connects only to the venue's public, unauthenticated channels; it places no order, holds no funds or assets and produces no real-time output.

A. Our appointment. Each recorder you order appoints Nox FZE as your service provider to configure, operate and maintain that one recorder, for your account only and to the specification you set. Nox FZE connects to the venue on your behalf and delivers each sealed hour to your bucket. Nox FZE acquires no right in the recordings and uses them for no purpose of its own.

B. What we never do with your recordings. Nox FZE never: serves more than one customer from one recorder's capture; pools, cross-deduplicates or archives recordings across customers; keeps any copy of your recordings other than the two transient copies the data processing addendum describes (encrypted replica journal chunks, deleted after 24 hours, and the signed segments kept on the recorder's host until 7 days after their delivery, for re-delivery to you only); sells, licenses, catalogs, samples or otherwise makes your recordings available to anyone; derives data from them; uses them to test or develop our software, to build a test corpus, or to train or evaluate any model; delivers to you recordings made for our own testing; connects to a venue from a country its terms exclude, or masks the location of a connection; or exceeds a venue's published connection or request limits.

C. Venue warranties. For each recorder, you warrant when you order it, and for as long as it runs, that: (a) you have accepted the venue's current terms in your own name, and you keep to them as they change; (b) you are eligible to use the venue's services under those terms; (c) neither your business nor any person that owns or controls it, directly or indirectly, resides in, is located in, is incorporated or organized in, or has a registered office or principal place of business in, a country or territory that the venue's terms exclude, as listed for that venue when you order; (d) neither your business nor any such person is the subject of sanctions or on a restricted-party list named in the sanctions section of the terms of service or in the venue's terms; (e) where the venue catalog marks a venue as requiring a written license, you hold one that extends to a service provider operating on your behalf, and you supplied a copy before the recorder was provisioned, unless the catalog states that Nox FZE holds its own written permission for that venue; and (f) your use of the recordings stays within the venue's terms, including any bar on onward distribution or on training models. You tell us at legal@noxfze.com within one business day if any of these warranties stops being true or if a venue revokes your access. You indemnify Nox FZE against loss, liability and reasonable costs arising from a breach of these warranties.

D. Your confirmation for the venue. You give the confirmation for your venue by quoting it in full in your email reply under section 6, with the sender's typed name and title:

• Lighter: "I confirm for [business legal name] that it has accepted Lighter's Terms of Service (last updated December 29, 2025) in its own name and is eligible under them; that neither it nor any person that owns or controls it, directly or indirectly, resides in, is located in, is incorporated or organized in, or has a registered office or principal place of business in the United States, Canada, the United Kingdom, China, North Korea, Russia, Ukraine, Cuba, Iran, Venezuela, Sudan, Belarus, Myanmar or Syria, or in any country or territory subject to comprehensive country-wide or regional sanctions; and that neither it nor any such person is sanctioned or on a restricted-party list. The venue warranties in clause C of this order form apply."

If the venue's terms carry a later date than the one in your confirmation when we provision the recorder, we ask you for a new confirmation first, and the recorder starts only once it arrives.

E. Service level and service credits. The service level is measured per recorder per calendar month as the fraction of hours sealed complete. The commitment is 99.9%, which in every calendar month means every hour outside the exclusions below is sealed complete. Excluded are hours affected by an outage that the venue itself announced or that stopped every recorder of that venue, as posted to the Nox FZE status page, hours after a venue ends, limits or suspends the access or channels a recorder uses or changes its terms so that the recorder is paused or ended under clause F, hours sealed as undeliverable or otherwise caused by a misconfigured destination, periods of suspension for nonpayment, and hours affected by a change you requested. A venue-initiated reconnect is not a venue-wide outage. For each hour outside the exclusions that is not sealed complete, you receive a service credit of 5% of that month's fee, up to 100% of that month's fee. We apply it automatically as a discount on your next invoice or, where no further invoice follows, refund it. A credit is a price reduction: it is never held as a balance, cannot be transferred and has no other cash value. To the extent the law permits, service credits and re-delivery of any hour still held on our hosts are your sole and exclusive remedy for a missed service level or an incomplete recording.

F. Suspension and termination. We may suspend or end your recorder, with notice where the cause allows it: for a material breach of this order form that you do not remedy within 14 days of our notice; for nonpayment 14 days after an invoice is due; for a security or fraud risk; for repeated or serious breaches of the acceptable-use section of the terms of service; or as the sanctions section of the terms of service or a venue's terms require, including when a venue revokes access, a warranty in clause C stops being true, or a change in a venue's terms no longer permits the recorder. On termination your recorder stops, and the signed segments kept on our hosts for re-delivery are deleted 7 days after delivery. Your segments remain in your bucket.

1. Fees. For the recorder size your acceptance gives (Schedule 1, part B): USD 250 a month for up to 3 instruments, or USD 500 a month for up to 10. The first billing period starts on the day of the first hour delivered into your storage. The fees exclude value added tax. Nox FZE is not registered for VAT and charges none; if VAT becomes chargeable on a supply under this order form, it is added at the rate the law sets. You pay without deduction or withholding unless the law requires one, in which case you pay the further amount that leaves Nox FZE the full fee.

2. Invoices and payment. Nox FZE invoices you directly, in advance, monthly or quarterly (three months' fees) as your acceptance gives (Schedule 1, part D). Each invoice is due within 14 days of its date. You pay fees only from an account or card in your own name, by bank transfer or through the payment processor named on Nox FZE's invoice, never in a virtual asset and never from the funds of a listed person, through no other third party, and you bear all bank charges. A change of recorder size, requested in writing, takes effect from the next billing period. If Nox FZE ends the order during a prepaid quarter for a reason other than your breach, it refunds the unused whole months.

3. Term. The order runs from Nox FZE's written confirmation until either party ends it. You may end it by written notice, effective at the end of the billing period in which the notice arrives. Nox FZE may end it on 30 days' written notice, or under clause F.

4. Liability. The recording is what Nox FZE receives from the venue's public interfaces. A gap is recorded and marked as a gap and is never filled, and a marked gap is not a breach. Nox FZE gives no warranty that the venue's messages are complete or accurate. To the extent the law permits, neither party is liable for indirect or consequential loss, or for loss of profit, revenue, business or data, and Nox FZE's total liability in any 12-month period is limited to the fees paid or payable under this order form in the 12 months before the event. Nothing in this order form limits liability for fraud, willful misconduct or gross negligence, or any liability that the law does not allow to be limited. No third party has rights under this order form.

5. Eligibility and screening. You warrant that your business is established outside the United Arab Emirates or in a UAE free zone, and that Schedule 1, part A states correctly your legal name, registration and every person who ultimately owns or controls your business, with their country. Nox FZE does not accept an order where your business or any listed person is in a country the venue's terms exclude. It screens your business and each listed person before it confirms the order and whenever a list changes; a potential match suspends the recorder until it is resolved, and Nox FZE may suspend or end the order without notice where a sanction requires it.

6. How you accept. You accept these terms and order a recorder by an email reply to Nox FZE from an address at your business's own domain that contains the sentence "[business legal name] accepts the Nox FZE team terms version 1.0 and orders a recorder under them. I am authorized to accept them on its behalf.", gives the details of Schedule 1, quotes clause D in full for your venue, and ends with the sender's typed name and title. Your reply is your offer, and the person who replies confirms that they may bind your business. A reply from a support or generic mailbox, or with no named sender, is answered with a written request for a named person's confirmation. The contract is made when Nox FZE confirms it in writing, which it does only after its screening under section 5 is clear.

7. Terms of service. "The terms of service" are the Nox FZE terms of service for invoiced team orders, dated October 19, 2026, set out in Schedule 2 and published with these team terms at the same address; they are incorporated, and the clauses and sections above prevail over them. Schedule 2, part 3 is the data processing addendum referred to in clause B. No other terms of Nox FZE apply to this order form.

8. General. Notices are given in writing by email: to Nox FZE at legal@noxfze.com, and to you at the address in Schedule 1, part A. Onboarding, the storage setup and every report are handled in writing. Nox FZE changes these terms only by publishing a new version; your order stays on the version you accepted unless both parties agree otherwise in writing. Neither party may assign this order form without the other's written consent. The English text governs.

Schedule 1. The details your acceptance gives.

Part A. Your business (section 5):

• Legal name, registration number, jurisdiction and registered address
• Established outside the UAE, or in a UAE free zone (which one)
• Every person who ultimately owns or controls the business, with their country
• Authorized person (name and title) and email for notices

Part B. Recorder (clauses A and D):

• Venue: Lighter
• Size: up to 3 instruments, or up to 10 instruments
• Instruments (perpetual and spot only; event, outcome and prediction contracts excluded)
• Channels: order book, trade, funding, or a selection of them
• Any further specification

Part C. Storage (yours):

• Storage provider, region, bucket and prefix
• Credential: write-only for that bucket, supplied as Nox FZE's onboarding email sets out; you keep it valid for the order.

Part D. Billing: monthly or quarterly, in advance.

Schedule 2. Nox FZE terms of service for invoiced team orders, dated October 19, 2026.

Part 1. Acceptable use. You do not use the service, or let anyone use it: for any unlawful purpose, fraud or spam, or in breach of a sanction or an export control; to capture, store or redistribute a venue's data in breach of that venue's terms, or to infringe anyone's intellectual property; to probe, scan, load-test or interfere with the security or integrity of Nox FZE's systems or of any venue, or to reach another customer's recorders, keys or data; or to resell or provide the service itself to third parties as a service.

Part 2. Sanctions. Nox FZE screens your business and each person who owns or controls it before it confirms an order and whenever a list changes, against the UAE Local Terrorist List, the UN Security Council Consolidated List, the OFAC SDN List and the EU and UK consolidated lists. You confirm that neither your business nor any such person is listed on those lists or owned or controlled by a listed person, that you will not use the service from or for a country or person that a sanction or an export control prohibits, and that the details you give about each such person are accurate and that you have told them of Part 3 before giving them. A potential match suspends the service until it is resolved. Nox FZE may suspend or end the service without notice where a sanction or an export control requires it.

Part 3. Personal data. Nox FZE uses the names, roles, countries and contact details you give in Schedule 1 only to perform this order form and for the screening in Part 2, which UAE law requires of it (Cabinet Decision No. 74 of 2020, Article 15), under the UAE Personal Data Protection Law (Federal Decree-Law No. 45 of 2021) and, where it applies, the GDPR (Article 6(1)(f): its legitimate interest in performing this order form and complying with the sanctions law that binds it). It keeps that data for the order and five years after it, and billing records for as long as UAE tax law requires, then deletes them; requests about it go to legal@noxfze.com. Where Nox FZE processes personal data for you, it acts as your processor (GDPR, Article 28(3)): it processes that data only on your documented instructions, which this order form and your specification are, unless the law requires otherwise; binds every person who processes it to confidentiality; keeps it secure with measures appropriate to the risk; engages another processor only under a written contract with the same obligations, after 30 days' written notice to you, and you may object by ending the order before the change takes effect; transfers it outside the United Arab Emirates only with the safeguards the UAE Personal Data Protection Law and, where it applies, the GDPR require; helps you answer data subjects' requests and meet your security, breach-notification and impact-assessment obligations; tells you of a personal data breach without undue delay; keeps only the two transient copies clause B describes, which are encrypted unsealed data deleted after 24 hours and the signed segments kept until 7 days after their delivery, and deletes the rest when the service ends; and makes available the information needed to show these obligations are met, and allows for and contributes to inspections by you or an inspector you mandate, on reasonable written notice.

Part 4. Intellectual property. Nox FZE and its licensors own Nox FZE's software, documentation, names and marks; these terms grant you only the use of the service during your order. The open verifier and the segment format specification are published under their own open-source licenses. Nox FZE claims no ownership of the segments recorded for you; rights in the venue's data stay with the venue under its terms.

Part 5. Warranties. Except as this order form expressly states, and to the extent the law permits, the service is provided as is and as available, without any other warranty, express or implied, including of fitness for a particular purpose.

Part 6. Governing law and disputes. This order form, and any dispute arising out of or in connection with it, is governed by the laws of the Emirate of Umm Al Quwain and the applicable federal laws of the United Arab Emirates. Before either party starts proceedings, it notifies the other in writing, and the parties try in good faith to settle the dispute within 30 days of that notice. The courts of the United Arab Emirates sitting in the Emirate of Umm Al Quwain have exclusive jurisdiction.

Published by Nox FZE: Nox FZE. Accepted by email reply under section 6; no signature is required.

Your reply, ready to complete

This section is not part of the terms. It sets out the reply that section 6 asks for, generated from the text above.

Lighter. Open the reply for Lighter in your email, with the acceptance sentence, the Schedule 1 parts and clause D filled in. Complete Schedule 1, then end with your typed name and title.

"I confirm for [business legal name] that it has accepted Lighter's Terms of Service (last updated December 29, 2025) in its own name and is eligible under them; that neither it nor any person that owns or controls it, directly or indirectly, resides in, is located in, is incorporated or organized in, or has a registered office or principal place of business in the United States, Canada, the United Kingdom, China, North Korea, Russia, Ukraine, Cuba, Iran, Venezuela, Sudan, Belarus, Myanmar or Syria, or in any country or territory subject to comprehensive country-wide or regional sanctions; and that neither it nor any such person is sanctioned or on a restricted-party list. The venue warranties in clause C of this order form apply."