Software License Agreement

1. Grant of License & Ownership Rights

This software license agreement (“Agreement”) is concluded between Black Quant Empire GmbH (“Licensor”), based in Vienna, Austria, and the natural or legal person who purchases the monthly subscription (“Licensee”).

1.1 Proprietary software

The trading algorithm software (including all code, algorithms, documentation and associated materials) is the exclusive property of Black Quant Empire GmbH. All intellectual property rights, including but not limited to copyrights, patents, trade secrets and trade marks, are retained by the Licensor.

© 2026 Black Quant Empire GmbH. All rights reserved.

1.2 Limited license

Subject to the terms of this Agreement and payment of the monthly subscription fee, the Licensor grants the Licensee a non-exclusive, non-transferable, revocable license to use the software exclusively for the Licensee's personal or business trading purposes.

License type: Monthly subscription (recurring)

License scope: Limited to the natural or legal person named in the subscription agreement.

1.3 Account creation

In order to use certain functions of the software, the Licensee must register an account (“Account”) and provide certain personal information as specified by the registration form. The Licensee represents and warrants that:
- All required registration information that they submit is truthful and accurate
- The accuracy of this information will be maintained and kept up to date.

The Licensee may delete their account at any time and without giving reasons by following the instructions on the website. Black Quant Empire may suspend or terminate the account in accordance with this Agreement (in particular section 7).

1.4 Account responsibility and security

The Licensee is responsible for maintaining the confidentiality of their account login information and bears full responsibility for all activities that take place under their account. The Licensee agrees to notify Black Quant Empire immediately of any unauthorised use or suspected unauthorised use of their account or any other security breach.

Black Quant Empire cannot and will not be liable for losses or damages arising from failure to observe the above requirements. The Licensee accepts that the company may hold the Licensee liable for all activity under the Licensee's account until the Licensee notifies Black Quant Empire of the unauthorised use.

3. Acceptable Use Policy

3.1 Impermissible user content

The Licensee agrees not to use the software to upload, transmit, display or distribute user content that:
- (i) infringes the rights of third parties, including copyrights, trade marks, patents, trade secrets, moral rights, privacy rights, publicity rights or other intellectual property rights
- (ii) is unlawful, harassing, abusive, threatening, harmful, invasive of the privacy of others, vulgar, slanderous, false, deliberately misleading, defamatory, pornographic, obscene, offensive, or promotes racism, prejudice, hatred or physical harm against a group or individual
- (iii) is harmful to minors in any way
- (iv) violates laws, regulations or obligations towards third parties.

3.2 Prohibited activities

The Licensee agrees not to use the software for:
- (i) Uploading or distributing computer viruses, worms or software intended to damage or alter computer systems or data
- (ii) Sending unsolicited or unauthorised advertising, spam, chain letters or pyramid schemes
- (iii) Collecting information about other users (e.g. email addresses) without their consent
- (iv) Impairing, interrupting or overloading the servers or networks of the software
- (v) Attempting to gain unauthorised access to the software (e.g. through password mining)
- (vi) Harassing other users or impairing their use
- (vii) Manual or automated monitoring, copying or scraping of materials from the software without prior written consent
- (viii) Removing or altering proprietary markings or restriction notices
- (ix) Use contrary to applicable federal, state, local or international laws or regulations
- (x) Accessing the software for benchmarking, competitive analysis or the creation of competing products
- (xi) Modifying, distributing or translating works based on the software
- (xii) Using bots, spiders, automated scripts or agents to create multiple accounts, to generate requests automatically or to scrape data
- (xiii) Passing on the software access credentials to persons who are not subject to this Agreement.

3.3 Protection of other users

The Licensee agrees not to disparage or denigrate other users of the software to third parties on the basis of interactions via the software. This also includes sending defamatory messages, spreading false claims or conducting coordinated campaigns against other users.

3.4 Enforcement of the policy

Black Quant Empire reserves the right to enforce this Acceptable Use Policy at any time. Breaches of this policy can lead to immediate account suspension, prosecution and civil or criminal measures. The Licensee is responsible for complying with all applicable laws when using the software.

5. Restrictions & Prohibited Uses

The Licensee may not:
- Copy, reproduce or distribute the software in any form without written permission
- Pass on, sublicense, rent, lease or sell access to the software to third parties
- Reverse engineer, decompile, disassemble or attempt to derive source code or algorithms
- Modify or adapt the software or create derivative works based on the software
- Remove or alter proprietary notices, labels or markings on the software
- Use the software for competitive purposes (e.g. selling a competing trading service)
- Use the software in violation of applicable laws or regulations
- Attempt to gain unauthorised access to the software or its systems.

7. Limitation of Liability & Disclaimers

Trading and investing involve substantial financial risk. Past performance is not an indication of future results. The software is provided “as is” without any warranty, express or implied. The Licensee bears the full risk for all losses arising from use of the software.

7.1 No warranties

The software is provided “as is” and “as available” without any warranty. The Licensor disclaims all warranties, express or implied, including but not limited to:
- Warranties of merchantability or fitness for a particular purpose
- Warranties regarding the accuracy, reliability or completeness of the software
- Warranties that the software is error-free or uninterrupted
- Warranties regarding profit or specific results.

7.2 Limitation of liability

To the maximum extent permitted by law, Black Quant Empire GmbH is not liable for:
- Direct, indirect, incidental, special or consequential damages
- Loss of profits, revenue, data or business opportunities
- Financial losses or trading losses arising from use of the software
- Any damages arising from or in connection with the use of or inability to use the software.

This limitation of liability also applies where the Licensor has been informed of the possibility of such damages.

7.3 No financial advice

The software and its outputs do not constitute financial advice, investment advice or recommendations. The Licensee is solely responsible for trading decisions and for the assessment of risk.

7.4 Market risk disclaimer

Trading on financial markets involves a substantial risk of loss. The Licensee acknowledges that they may lose their entire investment. Past performance does not guarantee future results.

7.5 Risks of live algorithmic trading

By using the software, the Licensee acknowledges and accepts that live algorithmic trading entails various risks and that Black Quant Empire bears no liability for losses arising from use of the software. These risks include, among others:

- Design risks - errors in data, incorrect assumptions, logical programming errors. Even if you have designed a perfect strategy, past performance does not guarantee future results
- Loss of internet connectivity - this leads to interruptions of the broker connection, trades not being placed, no overview of algorithm results, failed orders
- Poor algorithm design - this can lead to uncontrolled strategies, machine-gunning orders, runtime errors that stop the algorithm, or downtime during expected trading
- Unexpected market conditions - this leads to poor execution prices, rapid losses (flash crashes), delayed market opens
- Data problems - corrupted, faulty, delayed or interrupted data connections can lead to algorithm errors. This also includes data inaccuracies (exchanges sometimes publish erroneous or fictitious trades)
- Execution problems - order submissions, updates and cancellations can be rejected or delayed. Trades can be prohibited by authorities without warning
- Malicious activity - criminal activity could cause your algorithm to fail or your brokerage account to be compromised, leading to leaks of personal information, intellectual property or theft of your funds
- Financial consequences - these events can lead to the loss of all funds and holdings in your brokerage account. Algorithmic trading losses can occur faster than in manual trading.

The Licensee should consult an investment professional to discuss these risks. The Licensee should constantly monitor the operation of a live trading algorithm in order to ensure that it is functioning properly.

EVERY TIME YOU USE THE SOFTWARE, YOU ACCEPT THAT BLACK QUANT EMPIRE IN ALL CASES BEARS NO RESPONSIBILITY FOR LOSSES INCURRED AND OFFERS NO GUARANTEES OR EXPECTATIONS REGARDING THE PERFORMANCE OR STABILITY OF YOUR ALGORITHM.

9. Term & Termination

9.1 Term

This license is valid for one (1) month from the subscription date and renews automatically each month unless terminated by one of the parties.

9.2 Termination by the Licensee

The Licensee may terminate this license at any time by written notice at least 7 days before the next renewal date. No refunds are granted for full months.

9.3 Termination by the Licensor

The Licensor may terminate this license immediately without notice if:
- The Licensee breaches a material provision of this Agreement
- The Licensee fails to pay the subscription fees when due
- The Licensee uses the software without authorisation
- The Licensee attempts to reverse engineer or to extract trade secrets from the software.

9.4 Effects of termination

On termination, all rights to use the software end immediately. The Licensee must cease using the software and delete all copies in their possession. No refund is issued for the current month.

11. Changes to the Software & Terms

11.1 Software updates

The Licensor may modify or update the software or disable functions at any time. Continued use of the software by the Licensee after changes is deemed to be acceptance of the changes.

11.2 Changes to the license terms

The Licensor may amend this license agreement at any time. Material changes will be communicated to the Licensee at least 30 days before they take effect. Continued use of the software is deemed to be acceptance of the amended terms.

11.3 Monitoring and enforcement

Black Quant Empire reserves the right (but, except in rare cases, has no obligation) to review user content and, at the company's sole discretion, to investigate and/or take appropriate measures against the Licensee if the Licensee breaches this license agreement, the acceptable use policy or any other provision, or otherwise creates liability for the company or other persons.

Such measures may include:
- Removal or modification of user content
- Termination of the account in accordance with this Agreement
- Reporting the Licensee to law enforcement authorities
- Blocking access to the software
- Initiating legal proceedings against the Licensee.

The Licensor is not obliged to communicate the reasons for such measures in advance or afterwards. The Licensee accepts that these enforcement measures may be necessary in order to ensure the integrity of the software, the protection of other users and compliance with applicable laws.

13. Applicable Law & Jurisdiction

13.1 Applicable law

This license agreement is governed by and construed in accordance with the laws of Austria, without regard to conflict-of-laws rules.

13.2 Jurisdiction

Both parties agree to submit to the exclusive jurisdiction of the courts located in Vienna, Austria for all disputes arising from this Agreement.

13.3 Dispute resolution

Before an action is filed, the parties agree to attempt to settle disputes through good-faith negotiations.

15. Contact & Support

For questions about this license agreement or to report compliance problems, please contact:

Black Quant Empire GmbH
Vienna, Austria
legal@blackquantempire.at

15.4 General Provisions and Arbitration

15.4.1 Changes to the Agreement

This Agreement may be revised from time to time. In the event of material changes, Black Quant Empire notifies the Licensee by email to the address last provided or by prominent publication on the website. Changes take effect 30 days after the email is sent or published on the website. New users are subject to changes immediately. Continued use after notification means acceptance of the changes.

15.4.2 Dispute resolution

Before a party initiates legal steps, it must first serve the other party with a written notice of dispute describing the claims and the remedy sought. Notices to Black Quant Empire are to be sent to: legal@blackquantempire.at. After receipt of the notice, the parties attempt to settle the dispute amicably for 30 days.

15.4.3 Place of jurisdiction

If the parties cannot reach an amicable agreement, the Commercial Court of Vienna has exclusive jurisdiction. This Agreement is governed by Austrian law, in particular the ABGB, the UGB and the relevant consumer protection provisions. EU consumer protection law remains unaffected.

15.4.4 EU dispute resolution

Pursuant to EU Regulation 524/2013, consumers resident in the EU have access to the European Commission's Online Dispute Resolution platform (ODR platform): https://ec.europa.eu/consumers/odr. Black Quant Empire is not obliged to participate in a dispute resolution procedure before a consumer arbitration body, but is willing to seek out-of-court settlements.

15.4.5 Export control

The Licensee confirms that they comply with the relevant EU export control regulations as well as Austrian foreign trade laws. The software may not be transmitted to persons or organisations that are subject to an EU or UN sanctions list. The Licensee warrants that they are not the subject of EU or UN economic sanctions.

15.4.6 Electronic communication

The Licensee accepts electronic communication from Black Quant Empire and agrees that all electronic communications (emails, website notifications) have the same legal effect as written notices.

15.4.9 Entire agreement

This Agreement constitutes the entire agreement between the parties and supersedes all previous agreements. Failure to enforce a provision is not a waiver of it. Should a provision be invalid, the remainder stays valid and is modified so as to retain the maximum permitted effect. The Licensee cannot assign this Agreement without consent. Black Quant Empire may assign freely.

15.4.10 Copyright and trade marks

© 2026 Black Quant Empire GmbH. All rights reserved. The Licensee may not use any trade marks, logos or service marks of Black Quant Empire without prior written permission. Unauthorised use is prohibited.