SAFE TradeDesk End User Licence Agreement
SAFE TRADEDESK
END USER LICENCE AGREEMENT
Version 2.2
Effective date: 12 June 2026
This End User Licence Agreement is accepted before first use of the Software and whenever a new version is presented for acceptance. The commercial terms that apply to you are set out in your Order and the SAFE TradeDesk Master Licence and Services Agreement, and are shown in the Licence section of the Software after activation.
IMPORTANT. PLEASE READ THIS AGREEMENT BEFORE FIRST USE. IT IS A LEGALLY BINDING CONTRACT.
This End User Licence Agreement (this “EULA”) is a binding contract between you (“Licensee” or “you”) and Securities and Financial Engineering (S.A.F.E) Limited (“SAFE”) for the SAFE TradeDesk software (the “Software”). By confirming that you have read and agree before first using the Software, you accept this EULA. If you do not agree, select “Decline”; the Software will not be usable.
If you are accepting on behalf of a company or other legal entity, you confirm that you have authority to bind that entity, and references to the Licensee are to that entity.
Where the Software is used by an organisation, acceptance by the first super administrator or any subsequent super administrator is deemed acceptance by the Licensee.
LICENSOR
Securities and Financial Engineering (S.A.F.E) Limited
Company Registration No. 04715634, registered in England and Wales
71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
Registered with the Information Commissioner’s Office, registration no. ZC167935
Website: www.safelimited.com Support: support@safelimited.com
(“SAFE”, “we”, “us”, or “our”)
1. Definitions
1.1In this EULA:
(a)“Activation Server” means SAFE’s online licence management service used to activate, validate, renew, revoke, or update licence entitlements.
(b)“Authorised Machine” means a computer or device on which the Software is activated under a valid Licence Key, identified by a hardware or system fingerprint.
(c)“Business Data” means data entered, imported, generated, or stored by the Licensee or its users in the Software, including deals, leads, executions, contacts, companies, introductions, trading book records, price records, FX records, files, notes, reports, and related records.
(d)“Licence Key” means the licence key, activation code, certificate, entitlement record, or other authorisation mechanism issued or controlled by SAFE.
(e)“Modules” means the functional parts of the Software enabled for the Licensee, including any combination of pipeline, CRM, introductions, execution, trading book, commission, consultancy, projects, reports, analytics, market data tools, AI tools, or other modules.
(f)“Order” means the order form, quotation, invoice, purchase confirmation, licence schedule, or other commercial document agreed between SAFE and the Licensee.
(g)“Software” means the SAFE TradeDesk desktop application, its modules, updates, patches, documentation, local database structure, reports, templates, workflows, object code, and related files supplied by SAFE.
(h)“Users” means the Licensee’s employees, officers, contractors, consultants, or authorised representatives who are permitted to use the Software under the Licensee’s licence.
2. Licence and your Order
2.1SAFE grants the Licensee a non-exclusive, non-transferable, non-sublicensable licence to install and use the Software for its internal business purposes, in accordance with this EULA. The Software is licensed, not sold.
2.2The commercial terms that apply to you, namely the licence type (perpetual or subscription), the enabled Modules, permitted deal types, permitted machines, permitted users, trading book principal-company limit, term, fees, and any maintenance, support, or services, are set out in your Order and in the SAFE TradeDesk Master Licence and Services Agreement (the “Master Agreement”), and are shown in the Licence section of the Software after activation. This EULA, your Order, and the Master Agreement together form one agreement. If there is any conflict on commercial terms, the Order and the Master Agreement prevail.
2.3The Licensee may make one copy of the Software solely for back-up purposes. All copies remain subject to this EULA.
2.4The Software may enforce technical limits based on your licence entitlements, including enabled Modules, deal types, users, machine activations, trading book principal-company limits, and expiry date. SAFE may update those entitlements through the Activation Server.
3. What you must not do, and protection of the Software
3.1The Licensee must not, and must not permit any user or third party to:
(a)copy, reproduce, distribute, publish, or make available the Software except as expressly permitted in this EULA;
(b)sell, resell, rent, lease, lend, sublicence, assign, transfer, or otherwise make available the Software or any rights under it to any third party, whether for charge or free of charge, or provide it on a service-bureau, time-sharing, hosting, managed-service, bureau, outsourcing, or white-label basis;
(c)modify, adapt, translate, merge, or create derivative works based on the Software, except as expressly permitted by SAFE in writing;
(d)reverse engineer, decompile, disassemble, decrypt, extract, scrape, or otherwise attempt to derive the source code, algorithms, calculations, database structure, encryption logic, activation logic, or underlying logic of the Software, except to the limited extent permitted by law that cannot be excluded by contract;
(e)remove, alter, or obscure any copyright notice, trademark, trade name, licence notice, proprietary marking, or confidentiality marking on or within the Software;
(f)circumvent, disable, spoof, bypass, or tamper with any licence verification, machine-fingerprint binding, module entitlement, user permission, encryption, audit trail, update, or code-protection mechanism;
(g)exceed the number of permitted machines or users, or share a Licence Key or access credentials with any person not covered by your licence;
(h)use the Software for any unlawful purpose, or in breach of financial services regulation, anti-money-laundering legislation, sanctions, export controls, anti-bribery laws, or other applicable law; or
(i)use the Software in a way that could damage, disable, overburden, impair, or compromise SAFE’s activation, licensing, update, or support infrastructure.
3.2The Software is protected by copyright and other intellectual property rights, including under the Copyright, Designs and Patents Act 1988. Unauthorised copying, distribution, sale, rental, lending, sublicensing, decompilation, or circumvention may infringe those rights, may give rise to civil liability, and may in certain circumstances constitute a criminal offence.
3.3Any breach of this clause 3 is a material breach. SAFE may terminate immediately and seek injunctive and other equitable relief, damages, and an account of profits. The Licensee indemnifies SAFE against all losses, costs, claims, damages, and expenses (including reasonable legal costs) arising from any breach of this clause 3 or from any unauthorised use, copying, distribution, sale, rental, sublicensing, reverse engineering, or circumvention of the Software.
4. Activation, machine changes, and offline use
4.1After successful activation, the Software is designed to remain functional without a continuous internet connection. After activation, the Software may contact SAFE’s Activation Server on launch and periodically thereafter, including approximately once a month, solely to confirm that the licence and enabled Modules remain valid, to refresh entitlement information, and to confirm whether the licence has expired, been amended, been revoked, or requires renewal.
4.2Activation and validation transmit only information strictly necessary for licence validation and protection, such as the Licence Key, hardware or system fingerprint, application version, Module entitlements, licence expiry, validation status, and technical connection metadata. No Business Data is transmitted to SAFE at any time.
4.3A temporary inability to reach the Activation Server will not necessarily restrict the Software. If validation fails, or the licence has expired, not been renewed, been terminated, been revoked, or is otherwise invalid, SAFE may place the Software into a restricted state, which may limit functionality while preserving access to locally stored Business Data where technically possible.
4.4The Licensee must not spoof, tamper with, bypass, or circumvent the activation or validation process.
4.5If the Licensee needs to move the Software to another machine, the Licensee must use the authorised release, deactivation, transfer, or support process made available by SAFE. A machine change, operating-system reinstall, hardware change, or database restore may require reactivation or a new validation certificate.
4.6If an Authorised Machine is lost, stolen, damaged, replaced, or no longer available, the Licensee may contact SAFE at support@safelimited.com or its SAFE sales representative to request assistance. SAFE may require reasonable verification before releasing or reassigning an activation.
4.7Because Business Data is stored locally within the Licensee’s own environment, the Licensee is responsible for maintaining backups and for exporting any data it wishes to retain.
5. Updates, support, and availability
5.1SAFE may, at its discretion, make updates, patches, fixes, security updates, compatibility updates, or new versions of the Software available. Any such update supplied under this EULA forms part of the Software and is subject to this EULA.
5.2Some updates may be required for security, activation, compatibility, or continued support. SAFE may require installation of a current or supported version before providing support or before enabling certain online validation or update services.
5.3SAFE is not obligated to provide updates, technical support, training, maintenance, data migration, installation assistance, or custom development unless set out in your Order, the Master Agreement, or a separate written agreement.
5.4Support enquiries may be sent to support@safelimited.com or to the Licensee’s SAFE sales representative. SAFE will use reasonable endeavours to respond within a reasonable timeframe but does not warrant any specific response time unless agreed separately.
5.5SAFE uses reasonable efforts to maintain its activation and update infrastructure but does not warrant that any server, update feed, third-party service, AI provider, market data provider, or internet connection will be uninterrupted, error-free, or continuously available.
6. Your data, security, and privacy
6.1All Business Data you enter is stored within your own environment in a database encrypted at rest using AES-256. SAFE does not have access to and does not process your Business Data, and SAFE’s personnel cannot access it. You are the controller of any personal data you hold in the Software.
6.2The only data SAFE processes is limited licence information (Licence Key, hardware fingerprint, IP address used at validation, application version, Module entitlements, licence expiry, validation status, and related technical metadata), as controller, solely to validate and protect the licence, provide entitlement updates, prevent misuse, and protect SAFE’s licence and intellectual property. SAFE relies on performance of this EULA and its legitimate interests in protecting its licence and intellectual property. SAFE is registered with the Information Commissioner’s Office (registration no. ZC167935). SAFE’s processing is described in its Privacy Notice at www.safelimited.com.
6.3Each party complies with the UK General Data Protection Regulation and the Data Protection Act 2018 and, where applicable, the EU General Data Protection Regulation.
6.4If you use any optional AI feature on a “bring your own key” basis, relevant prompts, selected records, report content, or other data you choose to process may be sent to your chosen AI provider and processed under that provider’s terms and privacy policy. You are responsible for your chosen provider, its configuration, its use, its charges, and any data you send to it. SAFE is not responsible for that provider.
6.5If you use optional market data, price, FX, vessel-tracking, RSS, news, or other third-party integrations, data may be obtained from those third-party sources or opened on those third-party websites. Those sources are not controlled by SAFE and may be subject to their own terms, licences, availability, and privacy rules.
7. Third-party data and AI outputs
7.1The Software may display prices, FX rates, market data, vessel information, news, RSS metadata, commodity information, AI-assisted text, and other information from third parties, provided “as is”. SAFE does not originate, verify, warrant, or guarantee its accuracy, completeness, legality, suitability, or timeliness, and is not responsible for it or for any decision you take in reliance on it.
7.2Any AI output may be inaccurate, incomplete, outdated, misleading, or unsuitable. AI output must be reviewed by a competent person before being relied upon, shared, or used in any commercial, financial, operational, legal, compliance, or trading decision.
7.3The Licensee remains solely responsible for all data entered into the Software, all data imported into the Software, all third-party data sources it chooses to use, all AI providers it configures, and all decisions made using Software outputs.
8. No financial advice
8.1The Software is a deal-management, relationship-management, workflow, reporting, and record-keeping tool for professional use. It is not a regulated financial product, investment platform, execution venue, trading system, broker, adviser, exchange, clearing system, or source of financial, investment, tax, legal, regulatory, or other professional advice.
8.2All outputs are based on the data entered or imported by the Licensee, third-party sources, optional AI-assisted processing, and calculations performed by the Software. The Licensee is solely responsible for verifying all information, figures, assumptions, reports, calculations, prices, FX rates, exposures, P&L figures, mark-to-market values, forecasts, and decisions before relying on them.
8.3SAFE does not recommend, arrange, execute, approve, broker, advise on, or endorse any trade, transaction, investment, commodity deal, counterparty, vessel, price, FX rate, financial decision, or business decision.
9. Intellectual property
9.1The Software and all of its components are and remain the exclusive property of SAFE and its licensors, and all rights not expressly granted are reserved.
9.2The Software includes proprietary code, object code, architecture, database schema, local database structure, activation logic, encryption logic, calculations, algorithms, workflows, user interface designs, report structures, templates, analytics, documentation, and business logic. The Licensee receives only a limited right to use the Software as permitted by this EULA.
9.3”SAFE TradeDesk”, the SAFE logo, and related names, logos, marks, visual designs, and trade names are the property of SAFE. The Licensee must not use them except as necessary to identify the Software in its ordinary internal use.
9.4Any feedback, suggestion, idea, bug report, improvement request, or other comment provided by the Licensee or its users may be used by SAFE without restriction, attribution, or compensation.
10. Confidentiality
10.1The Software, its source and object code, structure, logic, algorithms, calculations, database schema, activation mechanisms, security mechanisms, workflows, screen designs, documentation, and any non-public information supplied by SAFE are SAFE’s confidential information.
10.2The Licensee must keep SAFE’s confidential information confidential and use it only as permitted under this EULA. The Licensee must protect it with at least the same degree of care it uses to protect its own confidential information, and in any event with reasonable care.
10.3This clause survives termination.
11. Warranties
11.1Except as set out in your Order or the Master Agreement, and to the fullest extent permitted by law, the Software is provided “as is” and “as available”, and SAFE disclaims all implied warranties, including merchantability, satisfactory quality, fitness for a particular purpose, title, non-infringement, uninterrupted operation, and error-free operation.
11.2SAFE does not warrant that the Software will meet the Licensee’s specific requirements, produce any particular commercial result, be compatible with every system configuration, identify every risk, prevent every error, or operate without interruption.
11.3Nothing in this EULA excludes any statutory right or warranty that cannot lawfully be excluded.
11.4The Licensee enters into this EULA in the course of a business and does not deal as a consumer for the purposes of the Consumer Rights Act 2015. The Software is not offered to consumers.
12. Limitation of liability
12.1Nothing in this EULA limits or excludes liability for death or personal injury caused by negligence, for fraud or fraudulent misrepresentation, or for any liability that cannot lawfully be limited or excluded.
12.2Subject to clause 12.1, SAFE is not liable for any indirect, incidental, special, punitive, exemplary, or consequential loss, loss of profit, revenue, business, contracts, anticipated savings, goodwill, opportunity, reputation, data, use, or production, or for trading losses, hedging losses, investment losses, commodity price movements, FX movements, market movements, counterparty defaults, vessel delays, operational losses, or losses arising from reliance on third-party data or AI output.
12.3Subject to clause 12.1, SAFE’s total aggregate liability in any 12-month period does not exceed the greater of:
(a)the total fees the Licensee paid to SAFE in the 12 months before the event giving rise to the claim; and
(b)for a perpetual licence, the licence fee paid for the Software.
12.4Nothing in clause 12.2 or 12.3 limits the Licensee’s liability for breach of clause 3 (What you must not do, and protection of the Software), breach of clause 10 (Confidentiality), the indemnities in this EULA, or its payment obligations.
12.5The Licensee acknowledges that the limitations of liability in this EULA reflect the nature of the Software, the fact that Business Data is controlled by the Licensee, the use of third-party data and optional AI providers, and the commercial allocation of risk between the parties.
13. Term and termination
13.1This EULA applies for as long as the Licensee is licensed to use the Software.
13.2SAFE may terminate immediately on written notice if the Licensee breaches clause 3, breaches clause 10, fails to pay any sum due 14 days after a written reminder, uses the Software unlawfully, tampers with activation or security mechanisms, exceeds licence entitlements, or becomes insolvent, save that, where the Licensee is a company subject to a relevant insolvency procedure within the meaning of section 233B of the Insolvency Act 1986, the right to terminate on insolvency does not apply to the extent that section prohibits it.
13.3The Licensee may terminate this EULA by permanently uninstalling the Software and ceasing all use, subject to any payment, subscription, notice, or minimum-term obligations in the Order or Master Agreement.
13.4On termination, the Licensee must stop using the Software, uninstall it, and destroy all copies except one archival copy retained solely where required by law. Because Business Data is stored within the Licensee’s environment, the Licensee holds its own data and is responsible for exporting anything it wishes to retain before termination takes effect.
13.5Termination does not affect any rights, remedies, liabilities, or obligations that have accrued before termination. Clauses intended to survive termination survive, including clauses 3, 6, 7, 8, 9, 10, 12, 13.4, 13.5, 14, and 15.
14. Sanctions and export control
14.1The Licensee confirms that it is not subject to sanctions under the laws of the United Kingdom, the European Union, the United States, or any other applicable jurisdiction, and undertakes not to use the Software in breach of any applicable sanctions, export-control, anti-bribery, anti-corruption, or anti-money-laundering law.
14.2The Licensee must not use, export, re-export, transfer, or make available the Software in any country, territory, sector, or to any person where doing so would breach applicable sanctions or export-control law.
14.3The Licensee indemnifies SAFE against any liability, loss, cost, claim, or expense arising from a breach of this clause.
15. General
15.1Entire agreement. This EULA, the Order, and the Master Agreement constitute the entire agreement on their subject matter. The Licensee does not rely on, and has no remedy for, any statement not set out in them. This does not limit liability for fraud.
15.2Changes. SAFE may update this EULA for legal, regulatory, security, technical, product, or operational reasons on notice. Any change that materially reduces the functionality you have purchased or increases recurring fees takes effect at your next renewal or by agreement. The current version is shown in the Software.
15.3Governing law. This EULA is governed by the law of England and Wales, and the courts of England and Wales have exclusive jurisdiction, save that SAFE may seek urgent injunctive relief in any court of competent jurisdiction to protect its intellectual property, confidential information, licence mechanisms, or security mechanisms.
15.4Third-party rights. Except that SAFE’s group companies, officers, employees, contractors, licensors, and suppliers may enforce clauses intended to protect them, a person who is not a party to this EULA has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce it.
15.5Severability. If any provision of this EULA is held invalid, unlawful, or unenforceable, that provision will be treated as modified to the minimum extent necessary to make it valid, lawful, and enforceable. If modification is not possible, it will be severed and the remaining provisions will continue in force.
15.6Waiver. No failure or delay by SAFE in exercising any right or remedy is a waiver of that right or remedy. A waiver must be in writing and applies only to the specific circumstances for which it is given.
15.7Assignment. The Licensee must not assign, transfer, novate, subcontract, or otherwise dispose of any rights or obligations under this EULA without SAFE’s prior written consent. SAFE may assign, transfer, novate, subcontract, or otherwise deal with its rights and obligations in connection with a corporate restructuring, sale of business, financing, or transfer to a group company or successor.
15.8Force majeure. Neither party is liable for delay or failure to perform caused by events beyond its reasonable control, including internet failure, hosting failure, power failure, cyber incident, war, terrorism, civil unrest, epidemic, pandemic, strike, labour dispute, government action, or failure of a third-party provider. This clause does not excuse payment obligations or breach of clauses 3 or 10.
15.9Notices. Notices to SAFE must be sent to support@safelimited.com or any other address notified by SAFE. Notices to the Licensee may be sent to the email address, postal address, or contact details supplied in the Order, activation record, or customer account.
15.10Language. This EULA is made in the English language. Any translation is provided for convenience only and the English version prevails.
15.11Acceptance and records. The Licensee accepts this EULA before first use of the Software, and whenever a new version is presented for acceptance, by confirming it has read and agrees. Where the Software is used by an organisation, acceptance by a super administrator is deemed acceptance by the Licensee. SAFE TradeDesk may record the version accepted, the date and time of acceptance, the machine identifier, the application version, and, where applicable, the accepting administrator’s user account, and that record is evidence of acceptance.
Securities and Financial Engineering (S.A.F.E) Limited | Confidential |