Introducer Agreement

This agreement is dated: 20th June 2026

As a registered user of www.clientcredit.co.uk          of                                                                                      ("the firm"), is authorised to introduce its clients (each an "introduced client") to Reykjavik Two LLP of 40-42 High Street, Poole, BH15 1BT with registered number OC349776 ("Iceberg") for the purpose of Iceberg considering whether to finance Costs in relation to Proceedings. Any arrangement between the introduced client and Iceberg shall be entered into by way of a written credit agreement ("credit agreement"). In consideration for Iceberg providing its services to the introduced client in accordance with the terms of the credit agreement, the firm and Iceberg now agrees as follows:

Unless the context otherwise requires, definitions and interpretations in this document shall have the same meaning as within the credit agreement.

The maximum aggregate amount of monies Iceberg will make available to the firm in respect of the firm’s introduced clients collectively shall not exceed £25,000, or such other amount as shall be agreed between Iceberg and the firm from time to time in writing.

A) GUARANTEE

1. Subject always to the provisions set out in Section B:
(a) If an introduced client fails to pay any monies owing under its respective credit agreement in full by the date such payment is due ("Guaranteed Obligations") then: (i) Iceberg shall take such steps as it in its sole discretion sees fit to enforce the terms of the credit agreement against the introduced client or otherwise seek remedy for such breach (although the firm waives any right it may have to require Iceberg to proceed against or enforce any other right against any person before claiming from the firm); and (ii) the firm shall pay to Iceberg any outstanding amount owing by the introduced client to Iceberg within [7] days of being requested to do so by Iceberg. Nothing shall oblige the firm to pay to Iceberg more than the amount received by the firm from Iceberg in respect of the Proceedings under the term of the respective credit agreement. This obligation shall continue until all of the introduced client’s obligations under the credit agreement have been performed in full.
(b) The firm’s liability shall not be reduced, discharged or affected by (i) any addition to or variation of the credit agreement and/or Guaranteed Obligations; (ii) any intermediate payment, settlement of account or discharge in whole or in part of the Guaranteed Obligations; (iii) any indulgence or concession offered to any person; or (iv) the insolvency, bankruptcy or administration of any person; (v) any invalidity or unenforceability of any obligation of or security held from the introduced client or any other person in connection with the Guaranteed Obligations.
(c) Any release, discharge or settlement between the firm and Iceberg in relation to this agreement shall be conditional on no right, security or payment to Iceberg by the firm, the introduced client or any other person being avoided, set aside or ordered to be refunded pursuant to any bankruptcy, liquidation, or insolvency law. If it is avoided, set aside or ordered to be refunded, Iceberg shall be entitled to enforce this agreement against the firm as if such right, security or payment had not occurred.
2. Until all amounts which may be or become payable by the introduced client under the credit agreement have been irrevocably paid in full or Iceberg otherwise directs in writing the firm shall not (a) exercise any security or other rights which it may have in respect of the Guaranteed Obligations against the introduced client; and/or (b) take any steps to recover any monies that may be owed by the introduced client to the firm without the prior written consent of Iceberg.
3. The firm authorises Iceberg and the introduced client to make any addendum or variation to the credit agreement.
4. The firm confirms that the introduced client has not, expressly or impliedly, requested the firm to provide the security set out above. The firm shall not disclose the above or its existence to the introduced client without the express prior written consent of Iceberg.
5. The firm confirms that it shall have the sole obligation to obtain all documentation and information required by any applicable law, regulations, codes of practice and rules to ascertain and verify the identity of each introduced client including but not limited to any and all requirements regarding client due diligence under the Money Laundering Regulations 2007 and/or the Solicitors Code of Conduct 2011 (both as amended, extended or re-enacted from time to time). The firm shall provide any and all such documentation and/or information to Iceberg immediately upon request and shall ensure that the introduced client has granted its consent for the firm to disclose the documentation and/or information in such manner.
6. The firm shall immediately provide such information and documentation relating to the Proceedings of the introduced client upon the request of Iceberg where Iceberg reasonably deems such information and/or documentation to be necessary or beneficial to allow it to protect its interests under the relevant credit agreement. Without prejudice to the generality of the foregoing, the firm shall provide Iceberg with a copy of any order or judgment relating to any Proceedings without any unreasonable delay (and in any event within 30 days of the same being issued).
7. Without prejudice to the above, the firm shall indemnify Iceberg promptly on demand against any loss or damage suffered by Iceberg in the event that the introduced client fails to pay any monies due to Iceberg or takes any action against Iceberg as a result of any purported breach by the firm of its obligations to the introduced client or any other party, including but not limited to any claim under Section 75 of the Consumer Credit Act 1974 (as amended or replaced from time to time).

B) OPTIONAL WAIVER

8. The firm shall have the option, but not the obligation, to become a "Non Recourse" firm, in which case the provisions set out in this Section B shall apply.
9. Where the firm requests, and Iceberg agrees in writing, that the firm is to be a Non Recourse firm then the guarantee set out in paragraph 1 of this agreement shall not apply to the monies owing by an introduced client under a credit agreement if (and only if) each of the following criteria are met:
(a) Each of the criteria set out in Appendix 1 (the "Criteria") are met in respect of the relevant introduced client and Proceedings;
(b) The firm has provided Iceberg with sufficient evidence to satisfy Iceberg (acting reasonably) that each of the Criteria have been met, including but not limited to the information set out in Appendix 2; and
(c) The introduced client continues to pay the minimum monthly payments set out in the section of the credit agreement entitled "Key Financial Information" by the date such payments fall due under the credit agreement until such time as all monies owing under the credit agreement are repaid.
For the avoidance of doubt the wavier set out in this paragraph 9 shall not apply unless and until each of the above criteria is met and Iceberg shall be entitled to enforce its rights under paragraph 1 of this agreement if it, in its sole discretion, determines that the above criteria are unlikely to be or have not been met. Notwithstanding the foregoing, where a firm is a Non Recourse firm and Iceberg determines that the above criteria has not been met in respect of an introduced client under a credit agreement and enforces its rights under paragraph 1 of this agreement, but the Non Recourse is subsequently able to evidence to the satisfaction of Iceberg that each of the above criteria have been met then Iceberg shall refund any monies obtained by Iceberg under paragraph 1 of this agreement within 14 days of the firm being notified by Iceberg that the above criteria has been met to Iceberg’s satisfaction.
10. In consideration for the waiver set out in paragraph 9, Iceberg shall be entitled to deduct 5% from the Costs payable by Iceberg to the firm in respect of any credit agreement relating to an introduced client entered into whilst the firm is a Non Recourse firm. For the avoidance of doubt, this deduction shall apply to all introduced clients regardless of whether or not they meet the criteria set out in paragraph 9 and irrespective of whether or not the firm is obliged to guarantee the monies owed by the introduced client. Iceberg shall therefore only pay Non Recourse firms 95% of the Costs under any related credit agreement. The introduced client shall in turn only be obliged to pay 95% of the Costs to the firm. Neither Iceberg nor the introduced client shall be liable for any loss or damage suffered by the firm, introduced client or any other party as a result of such deduction.
11. The firm may request that its status as a Non Recourse firm be terminated at any time upon written notice to Iceberg. Where Iceberg agrees to such termination in writing the provisions in this Section B shall not apply to any credit agreement entered into on or after the date on which Iceberg notifies the firm of such acceptance in writing (but for the avoidance of doubt shall continue to apply to any credit agreement entered into whilst the firm was a Non Recourse firm subject always to the terms of this Section B and the Appendices).
12. The waiver set out in paragraph 9 shall only apply to credit agreements entered into whilst the firm is granted the status of a Non Recourse firm by Iceberg, and shall not apply to any credit agreement entered into prior to such status being granted or after such status has been terminated.
13. Iceberg may at its sole option amend the criteria set out in the Appendices upon written notice to the firm providing that such amendments shall only apply to credit agreements entered into on or after the date on which Iceberg provides such written notice.
14. For the avoidance of doubt the commercial terms available to the firm and the introduced clients shall be unaffected by the firm’s decision as to whether to become a Non Recourse firm, save to the extent expressly set out in this agreement.

C) GENERAL

15. The firm shall not be entitled to set off any liability of Iceberg to the firm against any liability of the firm to Iceberg under this agreement.
16. Within 14 business days after the receipt by Iceberg of each of the following:
(a) a request for drawdown by the relevant introduced client; and
(b) all duly signed documentation required by Iceberg in relation to that drawdown request;
Iceberg will issue an instruction for the payment of the proceeds of each drawdown under each related credit agreement to be made to the firm by BACS (a "business day" meaning any day other than a Saturday, Sunday or public holiday in England when banks in London are generally open for business). If the firm notifies Iceberg that the firm requires Iceberg to make that instruction earlier than this, Iceberg shall at its discretion accept that instruction at the earlier time, provided that:
(i) the proceeds of the relevant drawdown will be paid to the firm net of a fee of two per cent of that drawdown;
(ii) Iceberg shall not make any instruction earlier than two business days after receipt by Iceberg of the relevant drawdown request, documentation and notification; and
(iii) Iceberg shall be deemed to have paid the entire proceeds to the firm for the purposes of the related credit agreements, and neither Iceberg nor any introduced clients shall be liable for any loss or damage suffered by the firm, introduced clients or any other party as a result of such deduction.
17. Iceberg may terminate this agreement upon written notice to the firm if the firm:
(a) fails to make any payment due to Iceberg by the firm on its due date;
(b) ceases to trade or threaten to cease to trade; and/or
(c) is unable to pay its debts within the meaning of section 268 of the Insolvency Act 1986 or if a corporate, within the meaning of section 123 of the Insolvency Act 1986 or enters into any form of insolvency arrangement or compromise with its creditors;
and upon such termination the firm shall immediately pay any and all monies owing to Iceberg by the firm and or any of its introduced clients (irrespective of any waiver granted under Section B of this agreement).
18. If any provision or part-provision of this agreement is or becomes invalid or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid and enforceable (or if this is not possible, it shall be deleted). Such action shall not affect the validity and enforceability of the rest of this agreement.
19. A waiver of any right or remedy under this agreement or by law is only effective if given in writing and shall not be deemed a waiver of any subsequent breach or default.
20. This agreement and the documents referred to in it constitute the entire agreement between the parties and supersede all previous understandings between them relating to their subject matter.
21. The firm undertakes that it shall not at any time disclose to the introduced client any information concerning the agreement or its subject matter (including but not limited to the existence of this agreement) save that the firm may disclose such information:
(a) to its employees, officers, representatives or advisers to the extent that they need to know such information for the purposes of exercising the firm's rights or carrying out its obligations under or in connection with this agreement; or
(b) where required by law, a court of competent jurisdiction or any governmental or regulatory authority.
22. No variation of this agreement shall be effective unless it is in writing and signed by the parties to it.
23. This agreement shall be construed in accordance with English law and both parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this agreement or its subject matter or formation (including non-contractual disputes or claims).

Executed as a deed for and on behalf of the firm in the presence of:

Executed as a deed for and on behalf of Iceberg in the presence of:

APPENDIX 1

Each of the following criteria must be met (and continue to be met) in order for paragraph 9 to apply:

Introduced Client

1. The introduced client must:

a) be a citizen of the United Kingdom;
b) be domiciled in the United Kingdom;
c) not be, or at any point become, bankrupt or make or seek an arrangement with their creditors, or have any distress or execution levied on their property or assets; and
c) hold a bank account in the United Kingdom registered in their sole name with a bank or building society registered in the UK and regulated by the Financial Conduct Authority.

2. The credit limit set out in the credit agreement must not be more than £40,000 unless otherwise agreed by Iceberg in writing.

Qualifying Settlement

The introduced client must achieve a "Qualifying Settlement", meaning that a consent or equivalent order or judgment ("Order") must be issued by the courts in favour of the introduced client under which the introduced client is awarded "Qualifying Assets" of no less than three times the amount of the credit limit agreed by Iceberg as at the date of the last drawdown, as set out in the relevant credit agreement.

The proceedings to which the Order relates must be in respect of divorce, cohabitation and TOLATA claims unless Iceberg expressly agrees otherwise in writing.

Qualifying Assets

For the purposes of this agreement, "Qualifying Assets" include (and are to be valued based on) the following. All such assets must form part of the settlement in the relevant Order (and specified in the Order) in order to be a Qualifying Asset:

1. Real Estate
Real estate must be:
a) situated in the United Kingdom;
b) not subject to any encumbrance, charge or security that has not been notified to and approved by Iceberg; and
c) sold (in an arm’s length transaction) within 12 months of the date of the Order.

Real estate shall be valued at an amount equal to the sales proceeds received by the introduced client pursuant to the Order net of mortgage and costs of sale as confirmed by the conveyancing solicitor.

2. Publically Quoted Shares
Publically quoted shares must be:
a) publically quoted shares quoted on an authorised stock exchange within the European Union or North America;
b) not subject to any encumbrance, charge, security, lien, third party claim or off-set; and
c) sold (in an arm’s length transaction) within 6 months of the date of the Order.

Publically quoted shares shall be valued at an amount equal to the amount received by the introduced client for such shares pursuant to the Order, net of costs as confirmed by a registered stock broker.

3. Savings
Savings must be:
a) cash savings deposited with a United Kingdom authorised deposit taking institutions;
b) held in British sterling, Euros and/or US Dollars;
c) not otherwise subject to any encumbrance, charge, security, lien, third party claim or off-set.

Savings shall be valued at the balance set out in the relevant cash savings account as evidenced by bank statement of account pursuant to, and as at the date of, the Order.

4. Shares in Private Companies
Shares in private companies must be:
a) Shares in private companies registered in England, Wales and Scotland;
b) not subject to any encumbrance, charge, security, lien, third party claim or off-set] and
c) sold (in an arm’s length transaction) within 6 months of the Order.

Shares in private companies shall be valued at an amount equal to the sales proceeds received by the introduced client pursuant to the Order, net of costs as confirmed by a chartered accountant.

5. Pensions
Pensions must be:
a) withdrawn in one instalment; and
b) withdrawn within 6 months of the date of the Order.

Pensions shall be valued at an amount equal to the lump instalment withdrawn by the introduced client pursuant to the Order, net of costs as confirmed by a registered pensions advisor.

6. Vehicles
Vehicles must be:
a) registered in the United Kingdom with the DVLA;
b) not subject to any encumbrance, charge, security, lien, third party claim or off-set that has not been notified to and approved by Iceberg; and
c) sold (in an arm’s length transaction) within 6 months of the Order.

Vehicles shall be valued at an amount equal to the amount received by the introduced client in respect of the sale of such vehicle pursuant to the Order, net of any encumbrance and/or secured finance and costs as confirmed by evidence of payment.

APPENDIX 2

The firm must provide Iceberg with such information and documentation as Iceberg shall reasonably request in order to determine whether the Criteria set out in Appendix 1 have been met without any unreasonable delay (and in any event within 30 days of being asked for the same).

Without prejudice to the above, the firm shall provide Iceberg with the following documentation:

1. The Order (as defined in Appendix 1) within 30 days of the same being issued;
2. A copy of Form E (or any related or equivalent documentation) signed by each party to the proceedings within 30 days of the same being exchanged; and
3. Evidence of the estimated value of the Qualifying Assets (as defined in Appendix 1) in such form as Iceberg shall determine within 30 days of the Order being issued.

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