Common use of Instructions and Communication Clause in Contracts

Instructions and Communication. (1) All Instructions for the execution of orders shall be transmitted to the Company via the Electronic Services. Once the Client’s orders are sent or given, they shall be irrevocable unless the Company, at its absolute discretion, can and chooses to validate an Instruction by the Client to withdraw any order, if such order has not been executed. (2) The Company may accept orders in writing or by telephone and may confirm such transactions in the same way. (3) When the Client signs this Document the Company shall give him a user ID and a password to his electronic account (“Electronic Account”). If the Client is already a user of the Electronic Services when signing this Document then this Document replaces the previous relevant agreement but the Client shall keep his current User ID and the relevant passwords. (4) The Client hereby agrees and declares that he shall be solely responsible to monitor his Electronic Account and that:- (A) He will be responsible for the safe keeping and use of his user ID and password to his Electronic Account, (B) He will be responsible for all the orders that will be submitted through his user ID and password to his Electronic Account and all orders that are received in this manner shall be deemed to have been received from the Client, and (C) all the orders shall be deemed to have been received at the time they are received by the Company and in the form they have been received. (5) The Client undertakes to immediately notify the Company if he:- (A) Perceives any deficit or the theft of his user ID and password, (B) Perceives any unauthorized use of his user ID and password of the Electronic Services or any Information, (C) perceives any failure to receive a message that the order he sent through the Electronic Services has been received and/or executed through the Electronic Services,

Instructions and Communication. (1) All Instructions for the execution of orders shall be transmitted to the Company via the Electronic Services. Once the Client’s orders are sent or given, they shall be irrevocable unless the Company, at its absolute discretion, can and chooses to validate an Instruction by the Client to withdraw any order, if such order has not been executed. (2) The Company may accept orders in writing or by telephone and may confirm such transactions in the same way. (3) When the Client signs this Document Appendix the Company shall give him a user ID and a password to his electronic account (“Electronic Account”). If the Client is already a user of the Electronic Services when signing this Document Appendix then this Document Appendix replaces the previous relevant agreement but the Client shall keep his current User ID and the relevant passwords. (4) The Client hereby agrees and declares that he shall be solely responsible to monitor his Electronic Account and that:- (A) He he will be responsible for the safe keeping and use of his user ID and password to his Electronic Account, (B) He he will be responsible for all the orders that will be submitted through his user ID and password to his Electronic Account and all orders that are received in this manner shall be deemed to have been received from the Client, and and (C) all the orders shall be deemed to have been received at the time they are received by the Company and in the form they have been received. (5) The Client undertakes to immediately notify the Company if he:- (A) Perceives perceives any deficit or the theft of his user ID and password, (B) Perceives perceives any unauthorized use of his user ID and password of the Electronic Services or any Information, , (C) perceives any failure to receive a message that the order he sent through the Electronic Services has been received and/or executed through the Electronic Services, (D) perceives any failure to receive an accurate written confirmation of an order or its execution within the same day of its submission through the Electronic Services, or (E) receives confirmation of an order he has not himself submitted, or any similar inaccurate or conflicting report or statement or Information. (6) The Client hereby agrees:- (A) not to transmit or forward orders for transactions to the Company using any electronic communications other than the electronic means specified by the Company for the submission of orders. The Client acknowledges that the Company shall not transmit orders for transactions in Financial Instruments that have been sent by electronic communication unless they are orders that have been transmitted or sent via the specified electronic means, and (B) that he is bound by any consent he gives via the Electronic Services for the Company to supply him with notices, statements, transaction confirmations and other communication only via electronic transmission. (7) The Client acknowledges that there may be unauthorized access by third parties to certain data, including email, electronic communication and financial information, when such is transmitted between the Client and the Company, the Relevant Persons, using the internet, other communications networks, telephone or other electronic means. (8) The Client agrees to use software that has been developed by third parties, including but without limitation to the foregoing, browser software that supports a data protection protocol compatible to the one the Company uses. The Client further agrees to follow the Company’s log-on procedures for the Electronic Services that are supported by such protocols.