Blockhouse Terms of Service

Effective Date: August 19, 2026

Company: Blockhouse Labs, Inc. ("Blockhouse," "we," "us," or "our")

These Terms of Service ("Terms") govern your access to and use of Blockhouse's websites, materials, and services, including our systematic trading services offered through separately managed account ("SMA")-style arrangements (collectively, the "Services"). By accessing or using the Services, you agree to these Terms.

If you are using the Services on behalf of an entity, you represent and warrant that you have authority to bind that entity to these Terms, and "you" refers to that entity.

1) Important Disclosures

No Custody

Blockhouse does not take custody of client funds. Clients maintain custody and control of their exchange accounts and may authorize Blockhouse to trade through scoped API credentials.

Not Investment Advice; No Guarantee

Information provided by Blockhouse is for informational purposes and does not constitute investment advice, legal advice, or tax advice. Trading digital assets involves significant risk, including the risk of total loss. Past performance does not guarantee future results. Blockhouse does not guarantee profitability or any particular outcome.

Third-Party Venues

Execution may occur on third-party exchanges, brokers, protocols, or other venues (each a "Venue"). Venues are not operated or controlled by Blockhouse, and their rules, APIs, matching behavior, risk parameters, margin and liquidation mechanics, delistings, auto-deleveraging (ADL), pricing, and uptime may change without notice. Blockhouse is not responsible for a Venue's acts or omissions or for losses arising from Venue outages, restrictions, rule changes, or other Venue-related events. However, Blockhouse may implement monitoring, risk controls, and automated response procedures designed to reduce the impact of certain Venue disruptions (e.g., pausing trading, canceling orders, or attempting hedges/unwinds where feasible). These measures reduce—but do not eliminate—risk, and Blockhouse does not guarantee any particular outcome.

2) The Services

Blockhouse provides systematic strategy execution and related operational tooling. Depending on your arrangement, the Services may include:

• Strategy configuration and deployment

• Order routing, execution, and monitoring on connected Venues

• Risk controls and operational reconciliation

• Reporting and support

Client-controlled accounts. You are responsible for establishing and maintaining Venue accounts/sub-accounts, permissions, and access controls.

3) Eligibility and Account Security

You must be legally capable of entering into these Terms and comply with all applicable laws. You agree to provide accurate information and to promptly update it if it changes.

You are responsible for:

• Maintaining the confidentiality of your credentials and account access

• Configuring appropriate Venue permissions (e.g., trade-only, IP allowlists, withdrawal restrictions where applicable)

• Notifying Blockhouse promptly of any suspected compromise or unauthorized activity

4) API Keys, Connectivity, and Execution Authorization

If you provide API keys or other credentials ("Credentials"), you authorize Blockhouse to use them solely to provide the Services, consistent with your strategy configuration and permissions.

• Programmatic use only: Credentials are intended to be used by Blockhouse systems programmatically for execution and monitoring.

• No personnel access (design intent): Blockhouse uses controls designed to prevent personnel from viewing client Credentials in plaintext.

• Permissions: You are responsible for scoping permissions appropriately (e.g., trade-only). If you enable broader permissions (including transfers/withdrawals where supported by a Venue), you do so at your own risk.

• Venue behavior: You acknowledge that Venue API behavior, outages, throttling, rule changes, and market conditions can affect execution.

You may revoke Credentials at any time; doing so may pause or terminate Services until connectivity is restored.

5) Fees and Payment

Fees, billing frequency, and payment terms are described in your written agreement with Blockhouse (e.g., an SMA agreement, MSA, or order form). If there is a conflict between those documents and these Terms, the written agreement governs for those services.

Unless otherwise stated, fees are non-refundable except as required by law or expressly provided in a written agreement.

6) Client Responsibilities

You agree to:

• Maintain sufficient collateral. You are responsible for ensuring your connected Venue accounts/sub-accounts maintain adequate margin/collateral and comply with Venue requirements, and you will not withdraw or transfer collateral in a way that materially increases liquidation risk without sufficient notice period.

• Permit operational rebalancing. You authorize Blockhouse to perform operational collateral/margin rebalancing within your connected accounts/sub-accounts (to the extent enabled by your permissions and Venue functionality) to optimize margin utilization and manage risk; such rebalancing may be limited by Venue rules, outages, or restrictions.

• Approve the mandate (high level). Before trading is enabled, you will review and approve the high-level mandate, including the Venues/accounts used and agreed risk limits/parameters (not proprietary strategy implementation details).

• Notify material changes. You will promptly inform Blockhouse of changes that could impact execution or risk (e.g., fee tier, margin mode, sub-account structure, API permissions, IP white-lists, or account restrictions).

• Comply with law. You are responsible for your own compliance obligations, including tax reporting and any regulatory requirements applicable to you.

7) Communications and Call Recording

Blockhouse may communicate with you via email, messaging platforms, or other channels you provide.

Call recording & transcripts: To the extent permitted by law, Blockhouse may record calls and create transcripts for internal review, quality assurance, personnel training, and recordkeeping. By participating in a call with Blockhouse, you consent to such recording where legally permissible. If you do not consent, you should notify us and not participate in recorded calls.

Call recordings and transcripts are contents of communication between you and Blockhouse for purposes of Section 11 (Client Data; Aggregated Data) and, accordingly, are not used to train artificial intelligence or machine learning models and are not included in any data licensed or disclosed to third parties under that Section.

8) Acceptable Use

You will not (and will not allow others to):

• Use the Services for unlawful purposes, market manipulation, or prohibited trading activity

• Interfere with or disrupt the Services, systems, or security controls

• Attempt to gain unauthorized access to the Services or other accounts

• Reverse engineer, copy, or attempt to extract source code or trade secrets (except to the extent prohibited by law)

9) Intellectual Property

The Services, including software, strategy logic (to the extent proprietary), designs, text, and other content, are owned by Blockhouse or its licensors and protected by intellectual property laws. You receive a limited, non-exclusive, non-transferable, revocable license to use the Services for their intended purpose during the term of your agreement.

You may not use Blockhouse's trademarks or branding without prior written permission.

10) Confidentiality

During the relationship, you may receive non-public information about Blockhouse (including execution methods, documentation, and technical details). You agree to keep such information confidential and use it only to evaluate or use the Services, unless otherwise agreed in writing.

If you and Blockhouse have a separate NDA or confidentiality agreement, that agreement governs confidentiality to the extent of any conflict.

11) Client Data; License to Blockhouse; Aggregated Data

Client Data. As between you and Blockhouse, you retain all right, title, and interest in and to the data, information, and content you submit to Blockhouse or that is generated through your use of the Services, including account and Venue information, approved mandates and risk parameters, orders, executions, positions, balances, and transaction records ("Client Data"). You hereby grant Blockhouse a non-exclusive, worldwide, royalty-free, fully paid-up, sublicensable, irrevocable, perpetual license to access, use, host, reproduce, process, transmit, modify, and create derivative works of Client Data: (a) to provide, maintain, secure, and improve the Services; (b) to develop, train, test, tune, and evaluate Blockhouse's software, algorithms, machine learning models, and artificial intelligence systems and agents; and (c) to create Aggregated Data (as defined below).

Aggregated Data. "Aggregated Data" means data derived from Client Data or from your use of the Services that has been aggregated, anonymized, or de-identified such that it does not identify you and cannot reasonably be used to identify you, and that excludes: (i) the contents of contractual agreements between you and Blockhouse; (ii) the contents of communications between you and Blockhouse (including call recordings and transcripts under Section 7); and (iii) direct identifiers, such as names, account credentials, Credentials and API keys. Blockhouse owns all right, title, and interest in and to Aggregated Data and may use, disclose, license, or otherwise commercialize Aggregated Data for any lawful business purpose, including analytics, research, benchmarking, the development and training of machine learning and artificial intelligence systems, and licensing to third parties.

De-Identification Commitments. Blockhouse will maintain Aggregated Data in de-identified form and will not attempt to re-identify Aggregated Data.

Conflict With Written Agreements. If there is a conflict between this Section 11 and a separately executed written agreement between you and Blockhouse (e.g., an SMA agreement, MSA, NDA, or order form), the written agreement governs with respect to Client Data to the extent of the conflict.

12) Privacy

Our collection and use of personal information is described in our Privacy Policy. By using the Services, you acknowledge and agree to our Privacy Policy.

13) Service Availability; Changes; Beta Features

The Services may be updated, modified, or discontinued in whole or in part. We may provide certain features as beta/preview; beta features are provided "as is" and may be changed or removed at any time.

We do not guarantee uninterrupted availability. Outages, maintenance, Venue downtime, and force majeure events may occur.

14) Suspension and Termination

We may suspend or terminate your access to the Services if:

• You breach these Terms or applicable law

• Your use poses a security, legal, or operational risk

• Required by a Venue or lawful request

You may terminate your use of the Services by providing notice per your written agreement (if applicable) and discontinuing use. Upon termination, your license to use the Services ends, and you should revoke Credentials if you no longer want Blockhouse access.

Sections that by their nature should survive termination (e.g., IP, confidentiality, Client Data and Aggregated Data rights under Section 11, limitations, dispute resolution) will survive.

15) Disclaimers

THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE MAXIMUM EXTENT PERMITTED BY LAW, BLOCKHOUSE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

You acknowledge that:

• Trading outcomes may be adversely affected by latency, fees, slippage, market volatility, Venue behavior, rule changes, de-listings, and ADL/liquidations.

• Operational controls reduce but do not eliminate risks.

16) Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BLOCKHOUSE WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, GOODWILL, OR DATA, ARISING OUT OF OR RELATED TO THE SERVICES.

IF YOU HAVE A SEPARATE WRITTEN AGREEMENT WITH BLOCKHOUSE GOVERNING MANAGED TRADING OR OTHER PAID SERVICES (E.G., AN SMA AGREEMENT, MSA, OR ORDER FORM), THAT AGREEMENT GOVERNS LIABILITY LIMITATIONS, REMEDIES, AND ANY LIABILITY CAP.

17) Indemnification

You agree to indemnify and hold harmless Blockhouse and its officers, directors, employees, and agents from and against third-party claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or related to:

• Your breach of these Terms;

• Your use of the Services in violation of applicable law or any Venue rules/terms; or

• Your Venue accounts/sub-accounts or your provision, configuration, or use of Credentials (including permissions and white-lists) and any trading activity conducted through your accounts,

except to the extent such claims, liabilities, damages, losses, or expenses are caused by Blockhouse's material breach of these Terms or Blockhouse's gross negligence or willful misconduct (to the extent applicable under law).

18) Governing Law; Venue

These Terms are governed by the laws of the State of New York, and any dispute arising out of or related to these Terms or the website will be brought in the state or federal courts located in New York County, New York.

19) Changes to These Terms

We may update these Terms from time to time. Changes become effective when posted, unless stated otherwise. Your continued use of the Services after changes means you accept the updated Terms.

20) Contact

Blockhouse Labs, Inc.

Email: compliance@blockhouse.capital

Address: 345 7th Avenue 6th Fl, New York, NY 10001