Service Agreement & Exclusive Use Contract

PARTIES

This Agreement is entered into between MyBrix Pty Ltd (ACN 669 479 636) of Australia, trading as AML4Property ("AML4Property") and the entity identified during registration ("the Client").

1. DEFINITIONS

"Platform" means the AML4Property software-as-a-service platform accessible at aml4property.online and any associated mobile applications.

"AML/CTF Program" means the customised Anti-Money Laundering and Counter-Terrorism Financing program generated for the Client pursuant to this Agreement.

"KYC/AML Check" means an identity verification and AML screening check conducted through the Platform on behalf of the Client.

"Exclusive Use Period" means the 12-month period commencing on the date the Client accepts this Agreement.

"Competing Service" means any third-party software, platform, or service that provides AML/CTF compliance management, KYC identity verification, or KYB entity verification services to property professionals in Australia.

2. SERVICES PROVIDED

2.1 AML4Property agrees to provide the Client with the following services at no charge during the Exclusive Use Period:

(a) A customised AML/CTF Program tailored to the Client's business type, risk profile, and operational requirements, generated through the Platform's onboarding wizard;

(b) The first one hundred (100) KYC/AML checks conducted through the Platform, at no cost to the Client (valued at $15.00 per check, total value $1,500.00);

(c) Access to the Platform's compliance management dashboard, matter management, and reporting features;

(d) AUSTRAC enrolment guidance and ongoing regulatory update notifications;

(e) Email support during business hours (9am–5pm AEST, Monday–Friday).

2.2 After the first 100 KYC/AML checks, standard pricing applies: $15.00 per KYC/AML check and $35.00 per KYB check (excluding Ultimate Beneficial Owner verification).

3. EXCLUSIVE USE OBLIGATION

3.1 In consideration of the services provided under clause 2.1, the Client agrees that during the Exclusive Use Period it will:

(a) Use the Platform as its sole and primary AML/CTF compliance management and KYC/KYB verification solution;

(b) Not subscribe to, trial, or use any Competing Service for the purpose of AML/CTF compliance management or identity verification;

(c) Not engage any third-party consultant or service provider to prepare or maintain an AML/CTF program that duplicates the services provided under this Agreement.

3.2 The exclusive use obligation in clause 3.1 does not prevent the Client from:

(a) Using government services including AUSTRAC Online for statutory lodgement obligations;

(b) Engaging legal counsel for advice on AML/CTF obligations;

(c) Using general business software that incidentally includes identity verification features not marketed as AML/CTF compliance tools.

3.3 If the Client breaches the exclusive use obligation, AML4Property may invoice the Client for the full value of services provided under clause 2.1 ($1,500.00 for KYC checks plus $2,500.00 for the AML/CTF Program preparation) and the Client agrees to pay such invoice within 30 days.

4. TERM AND RENEWAL

4.1 This Agreement commences on the Effective Date and continues for the Exclusive Use Period of 12 months.

4.2 After the Exclusive Use Period, the Agreement continues on a month-to-month basis on standard terms, without the exclusive use obligation.

4.3 Either party may terminate this Agreement after the Exclusive Use Period by providing 30 days written notice.

4.4 AML4Property may terminate this Agreement immediately if the Client breaches the exclusive use obligation or uses the Platform for unlawful purposes.

5. INTELLECTUAL PROPERTY

5.1 The AML/CTF Program generated for the Client is customised for the Client's use and the Client retains ownership of the content specific to their business.

5.2 AML4Property retains all intellectual property rights in the Platform, its methodology, templates, and underlying technology.

5.3 The Client grants AML4Property a non-exclusive licence to use anonymised and aggregated compliance data to improve the Platform.

6. DATA AND PRIVACY

6.1 AML4Property will handle all personal information in accordance with the Privacy Act 1988 (Cth) and the Australian Privacy Principles.

6.2 KYC/AML check data is encrypted at rest and in transit. Client data is stored on servers located in Australia.

6.3 AML4Property will not sell or share Client data with third parties except as required by law or with the Client's consent.

6.4 The Client is responsible for ensuring it has obtained appropriate consent from its own clients before submitting their personal information through the Platform.

7. COMPLIANCE OBLIGATIONS

7.1 The Client acknowledges that AML4Property provides a technology platform and compliance tools, and does not provide legal advice.

7.2 The Client remains solely responsible for its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the AML/CTF Rules, and all applicable AUSTRAC guidance.

7.3 The AML/CTF Program generated by the Platform is a starting point and the Client should review it with qualified legal counsel to ensure it meets their specific obligations.

8. LIMITATION OF LIABILITY

8.1 To the maximum extent permitted by law, AML4Property's liability to the Client for any claim arising under or in connection with this Agreement is limited to the total fees paid by the Client in the 12 months preceding the claim.

8.2 AML4Property is not liable for any indirect, consequential, special, or punitive damages, including loss of profit, loss of data, or regulatory penalties.

8.3 Nothing in this Agreement limits liability for fraud, wilful misconduct, or death or personal injury caused by negligence.

9. GOVERNING LAW

This Agreement is governed by the laws of New South Wales, Australia. The parties submit to the non-exclusive jurisdiction of the courts of New South Wales.

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior negotiations, representations, and agreements.