Common use of Margin Requirements Clause in Contracts

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 14.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the CompanyLQDFX, at its sole discretion, may determine at any require from time under to time. Such sums of money shall only be paid to LQDFX’s bank account in the Contract Specifications for each type form of CFD. 10.2 cleared funds. It is the Client’s responsibility to ensure that he the Client understands how a Margin margin is calculated. 10.3 14.2 The Company has Client shall pay Initial Margin and/or Hedged Margin at the right to amend any entry moment of opening a position. The amount of Initial Margin and Hedged Margin for each Instrument is defined in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Specifications. 14.3 If no Force Majeure Event has occurred, LQDFX is entitled to change margin requirements, giving to the Client 3 (three) Business Days Written Notice prior to these amendments. 10.4 The Company has the right 14.4 LQDFX is entitled to change Margin margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right . 14.5 LQDFX is entitled to apply new Margin margin requirements amended in accordance with clauses and 14.4 to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity 14.6 LQDFX is less than 20% of the Necessary Margin, the Company has the right entitled to close any or all of the Client’s Open Positions at any time without the Client’s consent of the Client or any prior Written Notice if the Equity is less than certain rate depending on the account type as stipulated on the Website. 14.7 It is the Client’s responsibility to himnotify LQDFX as soon as the Client believes that the Client will be unable to meet a margin payment when due. 14.8 LQDFX is not obliged to make margin calls for the Client. In order LQDFX is not liable to determine if the Client for any failure by LQDFX to contact, or attempt to contact the Client. 14.9 For the purposes of determining whether the Client has breached this clauseclause 14.6 above, any sums referred to therein which are not denominated in the Currency of the Client Trading Account shall be treated as if they were denominated in the Currency of the Client Trading Account by converting them into the Currency of the Client Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on 14.10 Margin call needs to be cautious of equity as on all accounts is 50%. Stop out level on all accounts is 20% apart from the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deletedVIP account, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9where is 30%., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 10.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 10.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 10.3. The Company has the right to amend any entry in the Contract Specifications Markets/Trading Conditions section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, ; unless a Force Majeure Event has occurred. 10.4 10.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 10.5. If at any time Equity is less than 205% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 10.7. The Company has no obligation to make Margin Calls for the Client. 10.8 10.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 10.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity reaches 20 zero, or 0% equity to margin level: ; all pending orders for the stopped-stopped out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientCompany. 10.10 10.10. If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred percentage according to the company via bank wire transfer or any table of the applied deposits methodsclause 10.9. 10.12 10.11. Margin must be paid in cash. Cash Margin is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company in its discretion and on terms to be agreed with the Company. 10.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 13.1. The Client shall provide and maintain Margin requirements for different types of Financial Instruments are displayed on the Initial Margin and/or Hedged Margin in such limits as Trading Conditions. However, the Company, Company reserves the right at its sole discretiondiscretion to determine specific Margin requirements for individual Position, may determine at any time under the Contract Specifications for each type of CFDas required. 10.2 13.2. The Company's Margin requirement shall apply throughout the term of this Agreement. It is the Client’s 's responsibility continuously to ensure that he understands how a sufficient Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or available on the company’s Corporate websiteAccount at any time. If, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity during the term of this Agreement, the Margin available on the Account is less than 20% insufficient to cover the Margin requirement, the Client is obliged to reduce the volume and/or amount of Position(s) or transfer adequate funds to the Necessary MarginAccount. Even if the Client takes steps to reduce the volume and/or amount of its Position(s) or to transfer sufficient funds to, and subject to applicable legislation and/or regulation, the Company has the right to may close any one, several or all of the Client’s Open Positions 's Position or part of them at its sole discretion without assuming any time without responsibility towards the Client’s consent or any prior Written Notice to himClient for such action. 13.3. In order to determine if If the Client has breached this clauseopened more than one Account, any sums referred the Company is entitled to therein transfer money from one Account to another, even if such transfer will necessitate the closing of Position(s) or other trades on the Account from which the transfer takes place. 13.4. The Client is specifically made aware that the Margin requirements are subject to change without notice. Up- to-date margin requirements are displayed on the Company’s website and Trading Platform. The Client acknowledges that the Company will not denominated in monitor the Currency of Margin requirements on a continuous basis, and the Company shall not be obliged to inform the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be any Margin required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs 13.5. In addition and without prejudice to any rights to which the Company may be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, entitled under this Agreement or any Laws and Regulations or any deficit that may result after liquidation will be handled other applicable laws and covered by the client 10.10 If the Client breaches clause 10.9.regulations, the Company has shall have a general lien on all Margin or funds held by the right to close partially or totally Company on the Clients Open Positions in order for Client’s behalf until the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any satisfaction of the applied deposits methodsall Client’s obligations. 10.12 The Client undertakes neither 13.6. Upon the Account’s Equity reaching a level equal to create nor to have outstanding any security interest whatsoever overor below the Maintenance Margin, nor to agree to assign or transfer, any of the Margin transferred to as calculated by the Company., the Company will automatically close the highest consuming Used Margin deal or all Open Deals under a specific instrument, at the price then offered by the Company, subject to Slippage and paragraph

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 3.1 It is understood that the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has 3.2 However if the right to amend any entry Client the must deposit and maintain the initial margin and or hedged margin in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on amount established by the company’s Corporate website, unless a Force Majeure Event has occurredCompany at the time the position is opened. 10.4 The 3.3 Make sure lower margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.4 Understood that the Company has the right to change Margin margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.5 In case of the increasing the amount of hedging will result in a reduction of margin requirements for new locking orders. 3.6 Remember that the reducing the amount of hedging is treated as opening a new position and will result in a proportional that is based on the amount of change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.7 If the Company has the right to increase the size of margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased margin requirements are in effect is published in the Client's personal area. 3.8 However if the Margin requirements are applicable to the different currency pairs can be found in the contract specifications section on the website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. a) If at any time Equity is less than 20% the equity falls below a certain percentage of the Necessary Marginnecessary margin, specified in the contract specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time open positions without the Client’s consent or any prior Written Notice written notice to him. . b) In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency currency of the Client Account shall be treated as if they were denominated in the Currency currency of the Client client Account by converting them into the Currency currency of the Client Account client account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The 3.9 Ensure that the Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin margin call payment when due. 10.7 The Company has no obligation 3.10 If a margin call notification is sent to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrumentclient terminal, the Client should note thatwill not be able to open any new positions, depending upon the nature of the Transaction, he may be liable except hedging position to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his positionreduce margin. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9fails to meet the margin call, his open positions are closed starting from the most unprofitable., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any 3.11 In case of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. 3.12 Make sure the Margin must be paid in monetary funds in the Currency of the Client Account.

Margin Requirements. 10.1 14.1. The Client shall provide and maintain the Initial Margin and/or Hedged and Maintenance Margin in such limits as set by the Company, at its the Company’s sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 14.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 14.3. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Client, as long as the change is not in the case of Force Majeure Eventlegal boundaries prohibited by the relevant directives and laws. In this situation the The Company has the right to apply new Margin requirements to the new positions. The Company will use reasonable efforts to update the Client as soon as possible when such changes take place. The Client acknowledges that the margin requirement of his/her positions and to the positions, which are already openopened might be affected by any Company’s discretionary change in relation to swaps or spreads (subject to market conditions). 10.5 14.4. The applicable Margin requirements can be found on the Website directly below the specific instrument. By pressing the down arrow, you may see the details of the specific instrument such as the Unit Amount, the Leverage, the Rollover fee, the initial Margin and the Maintenance Margin. If at any time the Equity falls below the Maintenance Margin, which is less than 20% specified in the Contract Specifications section on the Website and on the right hand side of the Necessary Margintrading platform, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice written notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet 14.5. If a Margin payment when due. 10.7 The Company has no obligation Call notification is sent to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentClient Terminal, the Client should note that, depending upon the nature of the Transaction, he may will not be liable able to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his positionopen any new positions. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.fails to meet the Margin Call, the Company has the right to close partially or totally the Clients his Open Positions will be closed starting from the most unprofitable. 14.6. Margin must be paid in order for monetary funds in the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 9.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 9.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client ten (10) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 9.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the 9.5. The Company has the right to close and or limit the size of the Client Open Positions (New or Gross) and to refuse new Orders in any of the following cases: ▪ The Company considers that there are abnormal trading conditions; ▪ The value of the Client collateral falls below the minimum Margin requirement; ▪ At any time equity (current balance including Open Positions) is equal to or all less than a specified percentage of the Margin (collateral) needed to keep the open position; ▪ The Company makes a Margin Call and the Client fails to meet it; ▪ In an Event of Default of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 9.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 9.7. When a Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentCall is made, the Client should note that, depending upon the nature will be offered with all or any of the Transactionthree options to deal with the situation: ▪ limit his exposure (i.e., close trades); ▪ hedge his positions (i.e., open counter positions to the ones he may be liable to make further payments when has) while reevaluating the Transaction situation; or ▪ deposit more money in the Client Account. 9.8. If a Client fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in Call and the market price of the Client’s investment will affect the amount of margin payment he works against him his positions will be required to make. The Client agrees to pay the Company on demand such sums by way closed at Stop Out level of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 50% equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentagerefuse a new Order. 10.11 9.9. ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 9.10. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 9.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 9.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client ten (10) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 9.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the 9.5. The Company has the right to close and or limit the size of the Client Open Positions (New or Gross) and to refuse new Orders in any of the following cases: ▪ The Company considers that there are abnormal trading conditions; ▪ The value of the Client collateral falls below the minimum Margin requirement; ▪ At any time, equity (current balance including Open Positions) is equal to or all less than a specified percentage of the Margin (collateral) needed to keep the open position; ▪ The Company makes a Margin Call and the Client fails to meet it; ▪ In an Event of Default of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 9.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 9.7. When a Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentCall is made, the Client should note that, depending upon the nature will be offered with all or any of the Transaction, three options to deal with the situation: ▪ limit his exposure (i.e. close trades); ▪ hedge his positions (i.e. open counter positions to the ones he may be liable to make further payments when has) while revaluating the Transaction situation; or ▪ deposit more money in the Client Account. 9.8. If a Client fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in Call and the market price of the Client’s investment will affect the amount of margin payment he works against him his positions will be required to make. The Client agrees to pay the Company on demand such sums by way closed at Stop Out level of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 50% equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentagerefuse a new Order. 10.11 9.9. ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 9.10. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. 9.11. It is Clients’ responsibility to monitor the money in his/her Trading Account against the potential losses, the margin required, and whether the position is close to stop out level, as the Company is not legally obliged to notify its Clients when this happens. In case the Client does not have enough money in the Trading Account to meet the margin requirement on certain position, he/she should: a. Close the position to stop losing more money; b. Partially close his/her positions; c. Adjust stop out levels, which is subject to having the appropriate funds in the Trading Account 9.12. Unless one or more of the above steps is carried out, trades will be closed irrespective of the total money available in the Trading Account or the performance and balance of Clients’ other open positions

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the amount established by the Company at the time the position is opened. 3.2 Client shall maintain, without notice or demand by the Company, sufficient equity in Client's account at its sole discretion, may determine all times to continuously meet Margin Requirements. The Client must at any time under all times satisfy the Contract Specifications for each type of CFD. 10.2 Margin Requirements calculated by the Company. It is the Client’s responsibility to ensure that he he/she understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 3.3 The Company, subject to Applicable Regulations, will be entitled to increase or decrease the Margin requirements for any or all clients for any open or new positions at any time, in the Company’s sole discretion without prior notice. Any increase in Margin Requirements will be due and payable immediately on the Company’s demand. The Company will only increase or decrease Margin requirements where the Company reasonably considers it necessary or desirable, for example but without limitation, in response to or in anticipation of any of the following: A. An Event of Default; B. A change in the market to which your margined transactions relate or in the financial markets more generally; C. Upcoming Economic news and/or market news which may adversely impact any margined positions; D. When Client changes the trading pattern with the Company and/or an Affiliate company such that the Company determines in its reasonable discretion further margin is required in order to manage the risks associated with the Clients’ transactions; E. Clients’ exposure to the Company and/or an Affiliate company being concentrated in a particular currency pair or underlying instrument. It is the Client’s sole responsibility to monitor Client's account so that at all times the account contains sufficient equity to meet Margin Requirements. The Company may reject any order if Client's account has insufficient equity to meet Margin Requirements, and may delay processing of any order while determining the margin status of the account. 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to amend any entry increase or decrease the size of Margin requirements, before the close and/or after the open of the market, around trading breaks, weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area, and/or Client’s Terminal and/or on the Company’s Website. 3.6 Increasing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurredWebsite at ▇▇▇▇▇://▇▇▇. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open▇▇▇▇▇▇. 10.5 ▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create nor to have outstanding Company at its absolute discretion, at any security interest whatsoever overtime with or without prior Written Notice, nor to agree to assign may increase the Stop Out level or transferchange the required Margin of a Trading Account, and may forcibly close any of Client’s open positions or Stop Out their positions or the whole trading account if Margin transferred to the CompanyLevel falls below 100%.

Margin Requirements. 10.1 14.1 The present Paragraph applies solely in relation to the provision of Margin Trading services. 14.2 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in within such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFDFinancial Instrument. 10.2 14.3 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 14.4 Unless a Force Majeure Event has occurred. 10.4 The , the Company has the right to change the Margin requirements without prior Written Notice requirements, giving to the Client in the case of Force Majeure Eventtwo Business Days Written Notice prior to these amendments. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 14.5 The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation, the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 14.6 If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 14.7 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 14.8 The Company has no obligation to make Margin Calls for the Client. 10.8 Where 14.9 Margin must be paid in monetary funds in the Company effects or arranges a Transaction involving an Instrument, Currency of the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this AgreementAccount. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 14.10 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 10.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 10.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 10.3. The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate corporate website, ; unless a Force Majeure Event has occurred. 10.4 10.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 10.5. If at any time Equity is less than 205% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 10.7. The Company has no obligation to make Margin Calls for the Client. 10.8 10.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 10.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity reaches 20 zero, or 0% equity to margin level: ; all pending orders for the stopped-stopped out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientCompany. 10.10 10.10. If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred percentage according to the company via bank wire transfer or any table of the applied deposits methodsclause 10.9. 10.12 10.11. Margin must be paid in cash. Cash Margin is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company in its discretion and on terms to be agreed with the Company. 10.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The 17.1. In order to open a Transaction for an Asset / Underlying Asset, the Client shall undertakes to provide and maintain the Initial Margin and/or Hedged in his/her Trading Account. In order to keep a Transaction open, the Client undertakes to ensure that the amount in his/her Trading Account equals the Margin in such limits as required to maintain the Company, at its sole discretion, may determine at any time under transaction open. The Client acknowledges that the Contract Specifications Margin for each Underlying Asset differs and may be changed by us in our sole discretion from time to time. Based on the amount of funds that the Client has in his/her Trading Account, we retain the right to limit the amount and total number of open Transactions that you may wish to open or currently maintain on the Trading Platform. 17.2. It is understood that each different type of CFD. 10.2 financial instruments offered by us have different Margin requirements. It is the Client’s responsibility to ensure that she/he understands how a Margin is requirements are calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 17.3. Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Client two (2) Business Days Written Notice prior to these amendments. New Margin Requirements shall be applied for new positions. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. All changes shall be effected on the Trading Platform and/or the Company’s website and the Client is responsible to check for updates. It is the Client's responsibility to monitor at all times the amount deposited in his/her Trading Account against the amount of any Margin required under this Agreement and any additional margin that may become necessary. 10.5 If at 17.4. The Client acknowledges that we may, in our sole discretion, require him/her to take certain action in his/her Trading Account pursuant to a margin call. A margin call may be based upon a number of factors, including without limitation, the Client’s overall position with us, his/her account size/type, the number of open Transactions he/she has, volume traded, trading history and market conditions. 17.5. The Company shall not have an obligation to make any time Equity margin call to the Client but in the event that it does, or in the event that the Trading Platform warns the Client that it reached a certain percentage of the Margin in the Trading Account, the Client should take any of the following action to deal with the situation: (a) Limit his/her exposure (by closing trades); or (b) Deposit sufficient funds in his Trading Account to meet the required Margin. 17.6. In the event that the existing or deposited Margin in the Client’s Account is not sufficient to meet the required Margin rates, as those are determined by the Company, the Client’s transactions will not be executed. Without prejudice to the generality of the foregoing, the Company will close Client’s open positions starting from the most unprofitable and/or loss making, when the Margin in the Client’s Account is less than 50% of the Margin Level. In case the Margin is equal to or less than 20% of the Necessary MarginMargin Level requirement, then the Company has Client’s open positions will be automatically closed, starting from the right most unprofitable during the relevant time market price. This includes positions with a guaranteed stop loss order or limited risk protection. 17.7. Failure to close meet the Margin Requirement at any time or all failure to make a Margin payment when due may result in force closure (as outlined in paragraph 15 above) of the Client’s Open Positions at any time open positions without further notice to the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated Margin shall be paid in monetary funds in the Currency balance currency of the Client Account. 17.8. If you have more than one Trading Account shall with us, each Trading Account will be treated as if they were denominated in the Currency of the Client entirely separately. Therefore, any credit on one Trading Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market.(including 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make17.9. The Client agrees acknowledges that the Margin Call is set to pay 100% and the Stop Out to 50%. The Client further acknowledges that the Company may change at its discretion the Margin Call, Stop Out based on demand such sums by way of margin regulation and/or according to the Company’s Policies and Procedures as are required this may take place from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreementtime. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 10.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 10.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 10.3. The Company has the right to amend any entry in the Contract Specifications Markets/Trading Conditions section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, ; unless a Force Majeure Event has occurred. 10.4 10.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 10.5. If at any time Equity is less than 205% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 10.7. The Company has no obligation to make Margin Calls for the Client. 10.8 10.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 10.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity reaches 20 zero, or 0% equity to margin level: ; all pending orders for the stopped-stopped out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientCompany. 10.10 10.10. If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentagepercentage according to the table of clause 10.9. 10.11 10.11. Margin must be paid in cash. ▇▇▇▇ ▇▇▇▇▇▇ can be transferred is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company via bank wire transfer or any of in its discretion and on terms to be agreed with the applied deposits methodsCompany. 10.12 10.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client Customer shall provide and maintain pay to the Company an Initial Margin and/or Hedged Margin in such limits amount and in such manner as the Company may, subject to the requirement as imposed by the Rules from time to time, in its absolute discretion determine. The present Margin requirement is [5] % of the gross amount payable under any FX Transaction but the Company may vary this at any time on notice to the Customer. 3.2 The Company shall be entitled from time to time and at any time to demand the Customer to pay to the Company Additional Margin for any outstanding FX Contract (notwithstanding that the Value Date thereof has expired) in such amount and in such manner as the Company may determine in its absolute discretion and the Customer shall forthwith on demand pay to the Company such Additional Margin and such demand therefore shall be deemed conclusively and validly made with immediate effect. Notwithstanding that the Customer cannot be contacted personally or message has been left for the Customer by telephone at the telephone number(s) of the Customer on the Company record or in writing left at the Customer’s address on record with the Company. Notwithstanding any demand for Additional Margin, the Company may at any time exercise its right under the clause 9.2. 3.3 Subject to the provisions of the Rules, the Company may change Margin requirements at any time at its sole discretion, may determine at . No previous Margin shall establish any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, precedent and these changes requirements once established may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right apply to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements existing positions as well as to the new positions in the FX Contracts affected by such change. 3.4 The Customer shall at all time be liable for the payment of any debit balance(s) owing in the Account, and that in all cases, the Customer shall be liable for any Margin deficiency in the Account .Any debit balance(s) or Margin deficiency in the Account shall be charged with interest thereon at rate of 3% over the prime rate per annum or such rate as the Company shall in its absolute discretion determine with reference to the prevailing market rates and the Customer shall promptly settle upon demand all liabilities outstanding to the Company together with all costs of collection (including but not limited to legal costs ). 3.5 The Customer hereby undertakes to fulfil any Margin requirement and to settle any debit balance(s) in the positions, which are already openAccount with or without demand from the Company. 10.5 If at any time Equity is less than 20% of the Necessary Margin3.6 Subject to applicable law and Rules, the Company has may from time to time, without prior notice to the right to close Customer, transfer all or any part of any money or all other security held by the Company for the account of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency Customer between accounts of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify Customer with the Company as soon as he believes that he will it may at its sole discretion considers to be unable necessary or desirable in order to meet a any Margin payment when duerequirement of the Customer. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where 3.7 Any documents or other property held by the Company effects as security for any Margin, deposit or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature other obligation of the Transaction, he may Customer to the Company shall be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments held by it by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required charge unless it is held expressly subject to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreementsome other security arrangement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency currency of the Client Account shall be treated as if they were denominated in the Currency currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, that depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ Margin can be transferred to the company via bank wire transfer or any of the applied deposits deposit methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, over nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 14.1. The present Paragraph applies solely in relation to the provision of Margin Trading services. 14.2. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in within such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFDFinancial Instrument. 10.2 14.3. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 14.4. Unless a Force Majeure Event has occurred. 10.4 The , the Company has the right to change the Margin requirements without prior Written Notice requirements, giving to the Client in the case of Force Majeure Eventtwo Business Days Written Notice prior to these amendments. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 14.5. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation, the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 14.6. If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 14.7. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 14.8. The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position14.9. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 14.10. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 10.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 10.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 10.3. The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, ; unless a Force Majeure Event has occurred. 10.4 10.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 10.5. If at any time Equity is less than 205% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 10.7. The Company has no obligation to make Margin Calls for the Client. 10.8 10.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 10.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity reaches 20 zero, or 0% equity to margin level: ; all pending orders for the stopped-stopped out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientCompany. 10.10 10.10. If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred percentage according to the company via bank wire transfer or any table of the applied deposits methodsclause 10.9. 10.12 10.11. Margin must be paid in cash. Cash Margin is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company in its discretion and on terms to be agreed with the Company. 10.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 19.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits Limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 19.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 19.3 Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new Positions and to the Positions which are already open. 10.4 19.4 The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions Positions and to the positions, Positions which are already open. 10.5 19.5 If at any time Equity is less than 20% falls below a certain percentage, (specified in the Contract Specifications), of the Necessary necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time Positions, without the Client’s consent Consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums Sums referred to therein which are not denominated in the Currency of the Client Account Account, shall be treated as if they were denominated in the Currency of the Client Account Account, by converting them into the Currency of the Client Account at the relevant exchange rate Exchange Rate for spot Spot dealings in the foreign exchange marketForeign Exchange Market. 10.6 19.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 19.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 19.8 ▇▇▇▇▇▇ can must be transferred to paid in Monetary Funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 11.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s 's responsibility to ensure that he understands how a Margin is calculated. 10.3 11.2 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, unless a Force Majeure Event has occurred. 10.4 11.3 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If 11.4 If, at any time time, the Client’s Equity is less than 20% falls below the mutually agreed percentage (%) equity of the Necessary Margin, the Company has reserves the right right, at its sole discretion, to close any or all of the Client’s Open Positions at any time without prior notice or the Client’s consent or any prior Written Notice to himconsent. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency currency of the Client Account shall be treated as if they were denominated in the Currency currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 11.5 The Client has the responsibility to notify the Company as soon as he he/she believes that he he/she will be unable to meet a Margin payment when due. Sky Links Capital Limited is a Limited Company with Investment Dealer (Full Service Dealer excluding Underwriting) under License No. GB20025812 and is authorized and regulated by the Financial Services Commission (FSC) in Mauritius. ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Sky Links Capital FSC License Number: GB20025812 ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ +▇▇▇ ▇ ▇▇▇▇▇▇▇ 10.7 11.6 The Company has no obligation to make Margin Calls for the Client. 10.8 . Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, that depending upon the nature of the Transaction, he he/she may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He He/she may be required to make further variable payments by way of Margin margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s 's investment will affect the amount of margin payment he /she will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 11.7 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % mutually agreed clause percentage (%) equity to margin level: , the Company reserves the right to stop out the account by closing all Open Positions. Additionally, any pending orders for the stopped-out account will be deleted. Any deficit arising from the liquidation process will be the responsibility of the Client, who must cover the shortfall. and all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 11.8 If the Client breaches clause 10.9.11 (7), the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage. 10.11 ▇▇▇▇▇▇ 11.9 Margin can be transferred to the company via bank wire transfer or any of the applied deposits deposit methods. 10.12 11.10 The Client undertakes neither to create and agrees that they will not create, nor to have outstanding will they permit the creation of, any security interest whatsoever overinterest, nor to agree to assign lien, or transfer, encumbrance over any of the Margin transferred to the Company. Additionally, the Client agrees not to assign, transfer, or otherwise dispose of the Margin or any portion thereof without the prior written consent of the Company. Any attempt to create such a security interest, or to assign or transfer the Margin, will be considered a breach of this agreement.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Private Investor Account. Non- monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all Financial Instruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non- farm Payroll announcement; d. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.5 The Company has the right to increase the size of Margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area. 3.6 Increasing the amount of hedging will result in a reduction of Margin requirements for new locking orders. 3.7 Reducing the amount of hedging is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different currency pairs can be found in the Contract Specifications section of live meta trader 4 software. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except hedging position to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.5 The Company has the right to increase the size of Margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Website Account. 3.6 Increasing the amount of hedging will result in a reduction of Margin requirements for new locking orders. 3.7 Reducing the amount of hedging is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different currency pairs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except hedging position to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as provided by the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, Client it has no obligation to do so. Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of meet a margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally the Clients all of Client’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. Nonmonetary margin is not acceptable. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Unless otherwise agreed with the Client in writing and to the extent allowed under Applicable Regulations, the Company will deal with any funds that it holds on the Client Account in accordance with the Applicable Regulations. This means that such Client money will be segregated from the Company’s own money and cannot be used in the course of its business. Upon receipt of the Client money, the Company will promptly place such money into one or more Segregated Client Account(s). The Company shall not account to the Client for profits or interest earned on Client money (other than profit gained through trading Transactions from his Client Account(s) under this Agreement) and the Client waives all right to interest. The Company may deposit Client money in overnight deposits and will be allowed to keep any interest. The Company may hold Client money and the money of other clients in the same bank account (omnibus account). The Company may deposit Client money with a third party who may have a security interest, lien or right of set-off in relation to that money. The Company may deposit Client money with a third party for collateral/margin purposes. The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client’s money, or the third party’s money. In the event of the insolvency or any other analogous proceedings in relation to that third party, the Company may only have an unsecured claim against the third party on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client with claims in respect of the relevant account. The Company does not accept any liability or responsibility for any resulting losses. Profit or loss from CFDs trading is deposited in/withdrawn from the Client Account once the Transaction is closed. If the Client Account has funds of less than minimum initial deposit of 100 US Dollars or other amount in other currency (according to the Currency of the Client Account) as determined by the Company in its discretion from time to time in the Terms and Conditions of the Company, the Company reserves the right to close the Client Account, notify the Client accordingly and charge the Client any bank or other related charges. If the Client Account is inactive for 90 days or more, the Company reserves the right to charge an account maintenance or dormant fee of as determined by the Company in its discretion from time to time in the Terms and Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges.

Margin Requirements. 10.1 10.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 10.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 10.3. The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate corporate website, ; unless a Force Majeure Event has occurred. 10.4 10.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 10.5. If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 10.7. The Company has no obligation to make Margin Calls for the Client. 10.8 10.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, that depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole entire purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 10.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity account reaches 20 20% equity to margin level: ; all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled considered as the Client’s liability and covered by the clientCompany has the right to claim such deficits. 10.10 10.10. If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred percentage according to the company via bank wire transfer or any table of the applied deposits methodsclause 10.9. 10.12 10.11. Margin must be paid in cash. Cash Margin is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company in its discretion and on terms to be agreed with the Company. 10.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 14.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the CompanyCAPITALXTEND LLC, at its sole discretion, may determine at any require from time to time under the Contract Specifications Operative Agreements. Such sums of money shall only be paid to CAPITALXTEND LLC's bank account in the form of cleared funds. 14.2. The Client shall pay Initial Margin and/or Hedged Margin at the moment of opening a position. The amount of Initial Margin and Hedged Margin for each type of CFDInstrument is defined in the Contract Specifications. 10.2 14.3. If no Force Majeure Event has occurred, CAPITALXTEND LLC is entitled to change margin requirements, giving to the Client 3 (three) Business Days Written Notice prior to these amendments. 14.4. CAPITALXTEND LLC is entitled to change margin requirements without prior Written Notice in the case of Force Majeure Event. 14.5. CAPITALXTEND LLC is entitled to apply new margin requirements amended in accordance with clauses 14.3 and 14.4 to the new positions and to the positions which are already open. 14.6. CAPITALXTEND LLC is entitled to close the Client’s Open Positions without the consent of the Client or any prior Written Notice if the Equity is less than certain rate depending on the account type as stipulated on the Website. 14.7. It is the Client’s responsibility to ensure notify CAPITALXTEND LLC as soon as the Client believes that he understands how the Client will be unable to meet a Margin is calculatedmargin payment when due. 10.3 The Company has 14.8. CAPITALXTEND LLC is not obliged to make margin calls for the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice Client. CAPITALXTEND LLC is not liable to the Client in for any failure by CAPITALXTEND LLC to contact or attempt to contact the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already openClient. 10.5 If at any time Equity is less than 20% 14.9. For the purposes of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if determining whether the Client has breached this clauseclause 14.6 above, any sums referred to therein which are not denominated in the Currency of the Client Trading Account shall be treated as if they were denominated in the Currency of the Client Trading Account by converting them into the Currency of the Client Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position14.10. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the CompanyCAPITALXTEND LLC.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.5 The Company has the right to increase the size of Margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area. 3.6 Increasing the amount of hedging will result in a reduction of Margin requirements for new locking orders. 3.7 Reducing the amount of hedging is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different currency pairs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except hedging position to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, Client it has no obligation to do so. Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of meet a margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of Client’s Open positions. Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. Non-monetary margin is not acceptable. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Client Money and Client Account Unless otherwise agreed with the Client in writing and to the extent allowed under Applicable Regulations, the Company will deal with any funds that it holds on the Client Account it holds in accordance with the Applicable Regulations. This means that such Client money will be segregated from the Company’s own money and cannot be used in the course of its business. Upon receipt of the Client money, the Company will promptly place such money into one or more Segregated Client Account(s). The Company shall not account to the Client for profits or interest earned on Client money (other than profit gained through trading Transactions from his Client Account(s) under this Agreement) and the Client waives all right to interest. The Company may deposit Client money in overnight deposits and will be allowed to keep any interest. The Company may hold Client money and the money of other clients in the same bank account (omnibus account). The Company may deposit Client money with a third party who may have a security interest, lien or right of set-off in relation to that money. The Company may deposit Client money with a third party for collateral/margin purposes. The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client’s money, or the third party’s money. In the event of the insolvency or any other analogous proceedings in relation to that third party, the Company may only have an unsecured claim against the third party on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client with claims in respect of the relevant account. The Company does not accept any liability or responsibility for any resulting losses. Profit or loss from CFDs trading is deposited in/withdrawn from the Client Account once the Transaction is closed. If the Client Account has funds of less than minimum initial deposit of 100 US Dollars or other amount in other currency (according to the Currency of the Client Account) as determined by the Company in its discretion from time to time in the Contract Specifications, the Company reserves the right to close the Client Account, notify the Client accordingly and charge the Client any bank or other related charges. If the Client Account is inactive for a calendar year or more, the Company reserves the right to charge an account maintenance fee of as determined by the Company in its discretion from time to time in the Contract Specifications (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. Lien The Company shall have a general lien on all Client money held by the Company or its Associates or its nominees on the Client’s behalf until the satisfaction of the Client’s obligations. Netting and Set-Off If the aggregate amount payable by the Client is equal to the aggregate amount payable by the Company, then the Company may determine that the mutual obligations to make payment are set-off and cancel each other. If the aggregate amount payable by one party exceeds the aggregate amount payable by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. The Company has the right to combine all or any Client Accounts opened in the Client name and to consolidate the Balances in such accounts and to set-off such Balances.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.5 The Company has the right to increase the size of Margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area. 3.6 Increasing the amount of hedging will result in a reduction of Margin requirements for new locking orders. 3.7 Reducing the amount of hedging is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different currency pairs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except hedging position to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 14.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the CompanyHFXLTD, at its sole discretion, may determine at any require from time under to time. Such sums of money shall only be paid to HFXLTD's bank account in the Contract Specifications for each type form of CFD. 10.2 cleared funds. It is the Client’s responsibility to ensure that he the Client understands how a Margin margin is calculated. 10.3 14.2 The Company has Client shall pay Initial Margin and/or Hedged Margin at the right to amend any entry moment of opening a position. The amount of Initial Margin and Hedged Margin for each Instrument is defined in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Specifications. 14.3 If no Force Majeure Event has occurred, HFXLTD is entitled to change margin requirements, giving to the Client 3 (three) Business Days Written Notice prior to these amendments. 10.4 The Company has the right 14.4 HFXLTD is entitled to change Margin margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right . 14.5 HFXLTDis entitled to apply new Margin margin requirements amended in accordance with clauses and 14.4 to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity 14.6 HFXLTD is less than 20% of the Necessary Margin, the Company has the right entitled to close any or all of the Client’s Open Positions at any time without the Client’s consent of the Client or any prior Written Notice if the Equity is less than certain rate depending on the account type as stipulated on the Website. 14.7 It is the Client’s responsibility to himnotify HFXLTD as soon as the Client believes that the Client will be unable to meet a margin payment when due. 14.8 HFXLTD is not obliged to make margin calls for the Client. In order HFXLTD is not liable to determine if the Client for any failure by HFXLTD to contact, or attempt to contact the Client. 14.9 For the purposes of determining whether the Client has breached this clauseclause 14.6 above, any sums referred to therein which are not denominated in the Currency of the Client Trading Account shall be treated as if they were denominated in the Currency of the Client Trading Account by converting them into the Currency of the Client Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on 14.10 Margin call needs to be cautious of equity as on all accounts is 50%. Stop out level on all accounts is 20% apart from the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deletedVIP account, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9where is 30%., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits Limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications Specifications for each type of CFD. 10.2 2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new Positions and to the Positions which are already open. 10.4 4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions Positions and to the positions, Positions which are already open. 10.5 5. If at any time Equity is less than 20% falls below a certain percentage, (specified in the Contract Specifications), of the Necessary necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time Positions, without the Client’s consent Consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums Sums referred to therein which are not denominated in the Currency of the Client Account Account, shall be treated as if they were denominated in the Currency of the Client Account Account, by converting them into the Currency of the Client Account at the relevant exchange rate Exchange Rate for spot Spot dealings in the foreign exchange marketForeign Exchange Market. 10.6 6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 7. The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position8. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in Monetary Funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 9.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 9.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client ten (10) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 9.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the 9.5. The Company has the right to close and or limit the size of the Client Open Positions (New or Gross) and to refuse new Orders in any of the following cases: ▪ The Company considers that there are abnormal trading conditions; ▪ The value of the Client collateral falls below the minimum Margin requirement; ▪ At any time equity (current balance including Open Positions) is equal to or all less than a specified percentage of the Margin (collateral) needed to keep the open position; ▪ The Company makes a Margin Call and the Client fails to meet it; ▪ In an Event of Default of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 9.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ 10.7 The Company has no obligation to make 9.7. When a Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentCall is made, the Client should note that, depending upon the nature will be offered with all or any of the Transaction, three options to deal with the situation: ▪ limit his exposure (i.e. close trades); ▪ hedge his positions (i.e. open counter positions to the ones he may be liable to make further payments when has) while reevaluating the Transaction situation; or ▪ deposit more money in the Client Account. 9.8. If a Client fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in Call and the market price of the Client’s investment will affect the amount of margin payment he works against him his positions will be required to make. The Client agrees to pay the Company on demand such sums by way closed at Stop Out level of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 50% equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally refuse a new Order. 9.9. Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 9.10. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 11.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s 's responsibility to ensure that he understands how a Margin is calculated. 10.3 11.2 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, unless a Force Majeure Event has occurred. 10.4 11.3 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If 11.4 If, at any time time, the Client’s Equity is less than 20% falls below the mutually agreed percentage (%) equity of the Necessary Margin, the Company has reserves the right right, at its sole discretion, to close any or all of the Client’s Open Positions at any time without prior notice or the Client’s consent or any prior Written Notice to himconsent. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency currency of the Client Account shall be treated as if they were denominated in the Currency currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 11.5 The Client has the responsibility to notify the Company as soon as he he/she believes that he he/she will be unable to meet a Margin payment when due. 10.7 11.6 The Company has no obligation to make Margin Calls for the Client. 10.8 . Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, that depending upon the nature of the Transaction, he he/she may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He He/she may be required to make further variable payments by way of Margin margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s 's investment will affect the amount of margin payment he /she will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 11.7 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % mutually agreed clause percentage (%) equity to margin level: , the Company reserves the right to stop out the account by closing all Open Positions. Additionally, any pending orders for the stopped-out account will be deleted. Any deficit arising from the liquidation process will be the responsibility of the Client, who must cover the shortfall. and all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientclient Sky Links Capital Limited is a Limited Company with Investment Dealer (Full Service Dealer excluding Underwriting) under License No. GB24202837 and is authorized and regulated by the Financial Services Commission (FSC) in Mauritius. ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Sky Links Capital FSC License Number: GB24202837 ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ +▇▇▇ ▇ ▇▇▇▇▇▇▇ 10.10 11.8 If the Client breaches clause 10.9.11 (7), the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage. 10.11 ▇▇▇▇▇▇ 11.9 Margin can be transferred to the company via bank wire transfer or any of the applied deposits deposit methods. 10.12 11.10 The Client undertakes neither to create and agrees that they will not create, nor to have outstanding will they permit the creation of, any security interest whatsoever overinterest, nor to agree to assign lien, or transfer, encumbrance over any of the Margin transferred to the Company. Additionally, the Client agrees not to assign, transfer, or otherwise dispose of the Margin or any portion thereof without the prior written consent of the Company. Any attempt to create such a security interest, or to assign or transfer the Margin, will be considered a breach of this agreement.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Private Investor Account. Non-monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all Financial Instruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non-Farm Payroll announcement; d. Prior and/or during any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 a) The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 b) It is the Client’s 's responsibility to ensure that he understands how a Margin is calculated. 10.3 c) The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate 's corporate website, unless a Force Majeure Event has occurred. 10.4 d) The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 e) If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s 's Open Positions at any time without the Client’s 's consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency currency of the Client Account shall be treated as if they were denominated in the Currency currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 f) The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 g) The Company has no obligation to make Margin Calls for the Client. 10.8 h) Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, that depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s 's investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 i) Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-stopped- out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 j) If the Client breaches clause 10.99(i)., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage. 10.11 k) ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits deposit methods. 10.12 l) The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, over nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 6.1 The Client Customer shall provide and deposit, maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 and/or otherwise provide ▇▇▇▇▇▇▇ can Futures with initial Margin in such amounts and at such times as ▇▇▇▇▇▇▇ Futures may in its sole and absolute discretion stipulate. 6.2 The Customer acknowledges that the Margin referred to in Clause 6.1 may also be transferred set by a Relevant Body or a counterparty broker and that the limits set by ▇▇▇▇▇▇▇ Futures may exceed those set by the Relevant Body or counterparty broker. ▇▇▇▇▇▇▇ Futures may, in its sole and absolute discretion, charge interest as well as interest-related fees on any Margin requirements set by ▇▇▇▇▇▇▇ Futures that are above that set by a Relevant Body or counterparty broker. 6.3 ▇▇▇▇▇▇▇ Futures may, in its sole and absolute discretion, with or without notice to the company via bank wire transfer Customer, vary the Margin requirements for any Account at any time and by any level, and may also stipulate that such Margin requirements shall apply to existing positions as well as to new positions in the Transactions affected by such change. The Customer acknowledges that ▇▇▇▇▇▇▇ Futures may, in certain market conditions, effect an immediate change in limits or levels and/or require additional Margin to be deposited immediately or within a specified period of time, which period may, in certain circumstances, be less than 24 hours, and waives any right to object on the grounds that such requirement is or was unreasonable. No previous Margin levels shall set a precedent or bind ▇▇▇▇▇▇▇ Futures. 6.4 If ▇▇▇▇▇▇▇ Futures determines that additional Margin is required, the Customer shall deposit with ▇▇▇▇▇▇▇ Futures such additional Margin immediately upon demand, provided that, notwithstanding any such demand for additional Margin, ▇▇▇▇▇▇▇ Futures may at any time exercise its rights set out in Clause 11. 6.5 The Customer acknowledges that the Margin may be held and used to secure the performance of the applied deposits methodsCustomer's obligations as well as for such other purposes as the Applicable Laws may permit or stipulate for the Transactions traded. 10.12 The Client undertakes neither 6.6 All Margin shall be held by ▇▇▇▇▇▇▇ Futures, notwithstanding any provision or instructions to create nor the contrary, as continuing security and shall be subject to have outstanding a general lien and right of set off in favour of ▇▇▇▇▇▇▇ Futures for any security interest whatsoever overand all of the Customer's liabilities to ▇▇▇▇▇▇▇ Futures, nor to agree to assign whether contingent or transferactual, under this Agreement or otherwise, and ▇▇▇▇▇▇▇ Futures may realise any of the Margin transferred of the Customer as provided for in this Agreement. 6.7 All Margin shall be in such form as ▇▇▇▇▇▇▇ Futures may stipulate and the value of any such Margin shall be determined by ▇▇▇▇▇▇▇ Futures in its sole and absolute discretion. ▇▇▇▇▇▇▇ Futures shall be entitled to deposit, invest, loan, mortgage, charge, pledge, repledge, hypothecate or otherwise deal with any Margin in whatever form provided to ▇▇▇▇▇▇▇ Futures or any Relevant Body in such manner as may be permitted under the Applicable Laws, and shall not be under any obligation to account to the CompanyCustomer for any interest, income or benefit that may be derived therefrom. No interest shall be paid on any type of Margin deposited by the Customer with ▇▇▇▇▇▇▇ Futures and the Customer acknowledges and consents that interest earned on the Margin deposited under this Agreement may be retained by ▇▇▇▇▇▇▇ Futures for its own account and benefit. ▇▇▇▇▇▇▇ Futures shall at no time be required to deliver to the Customer the identical property delivered to or purchased by ▇▇▇▇▇▇▇ Futures as Margin for the Account(s) but only property of substantially the same kind and amount, subject to adjustments for quantity and quality variations at the market price prevailing at the time of such delivery. 6.8 Without prejudice to the generality of Clause 6.7, the Customer hereby expressly agrees that ▇▇▇▇▇▇▇ Futures may deposit any Margin of the Customer in any of the following ways: (a) with such custodian as ▇▇▇▇▇▇▇ Futures may, in its sole and absolute discretion, appoint including, where such Margin is denominated in a foreign currency, a custodian outside Singapore, and on such terms as shall be notified to the Customer. Where such Margin is so deposited, ▇▇▇▇▇▇▇ Futures shall separately agree in writing the requirements specified in Regulation 32 of the Securities and Futures (Licensing and Conduct of Business) Regulations 2002 (if applicable) but otherwise the Customer acknowledges and accepts that different settlement, legal and regulatory requirements and different practices relating to the segregation of the Margin may apply. The Customer further agrees that ▇▇▇▇▇▇▇ Futures may co-mingle such Margin with the cash and properties of its other customers; and/or (b) with a Clearing House, a member of a futures exchange (whether overseas or otherwise) for such purposes as may be permitted under the Applicable Laws or the business rules and practices of the Clearing House or futures exchange (as the case may be). 6.9 The Customer shall at its own cost and at ▇▇▇▇▇▇▇ Futures' request, execute and do all such deeds, acts and things (including without limitation, the performance of such further acts or the execution and delivery of any additional instruments or documents) as ▇▇▇▇▇▇▇ Futures may require for the purposes of this Agreement, including but not limited to perfecting ▇▇▇▇▇▇▇ Futures' rights to the Margin provided by the Customer. 6.10 For so long as the Customer owes moneys or obligations (of whatsoever nature and howsoever arising) to ▇▇▇▇▇▇▇ Futures, the Customer shall only withdraw Margin from ▇▇▇▇▇▇▇ Futures with ▇▇▇▇▇▇▇ Futures’ consent. ▇▇▇▇▇▇▇ Futures may at any time withhold any Margin of the Customer pending full settlement of all such moneys or obligations of the Customer. 6.11 In addition and without prejudice to any right which ▇▇▇▇▇▇▇ Futures may have under law or otherwise, ▇▇▇▇▇▇▇ Futures may in its sole and absolute discretion at any time and from time to time without notice to the Customer apply and/or set-off any Margin standing to the credit of the Customer (whether on any Account held with ▇▇▇▇▇▇▇ Futures or the Associates, or otherwise) against all moneys and/or other liabilities of the Customer due, owing or incurred on any Account, whether held with ▇▇▇▇▇▇▇ Futures or the Associates, or otherwise, in any manner and whether actual or contingent, joint or several. 6.12 The Customer hereby authorises each of the Associates to act on any instructions as may be issued by ▇▇▇▇▇▇▇ Futures at any time and from time to time to withhold payment, or to deliver, transfer, withdraw or otherwise dispose of any Margin held by them for the Customer. Each Associate is under no duty to enquire about the purpose or propriety of ▇▇▇▇▇▇▇ Futures' instructions given pursuant to this Clause. The Customer also agrees to ratify all instructions given by ▇▇▇▇▇▇▇ Futures under this Clause, and to waive any claims it may have against the Associates resulting from their compliance with this Clause.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.7 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.8 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.9 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.10 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The present Paragraph 9.1 applies solely in relation to the provision of Margin Trading services. 10.2 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in within such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFDFinancial Instrument. 10.2 10.3 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 10.4 Unless a Force Majeure Event has occurred. 10.4 The , the Company has the right to change the Margin requirements without prior Written Notice requirements, giving to the Client in the case of Force Majeure Eventtwo Business Days Written Notice prior to these amendments. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation, the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.6 If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 10.7 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 10.8 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 10.9 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Client two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, Client it has no obligation to do so. Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of meet a margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally the Clients all of Client’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Client Account. Non-monetary margin is not acceptable. a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all FinancialInstruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non-farm Payroll announcement; d. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the company via bank wire transfer or any implementation of the applied deposits methods. 10.12 new margin requirements. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Private Investor Account. Non- monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 1. Prior to and/or during Friday market closure; 2. Prior and/or during to any other market closure for any specific or all Financial Instruments; 3. Prior and/or during to any major news announcements, such as, but not limited to, the Non-Farm Payroll announcement; 4. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇ If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the ifthe Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, Client it has no obligation to do so. Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of meet a margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of Client’s Open positions. Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. Non-monetary margin is not acceptable. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Client Money and Client Account Unless otherwise agreed with the Client in writing and to the extent allowed under Applicable Regulations, the Company will deal with any funds that it holds on the Client Account it holds in accordance with the Applicable Regulations. This means that such Client money will be segregated from the Company’s own money and cannot be used in the course of its business. Upon receipt of the Client money, the Company will promptly place such money into one or more Segregated Client Account(s). The Company shall not account to the Client for profits or interest earned on Client money (other than profit gained through trading Transactions from his Client Account(s) under this Agreement) and the Client waives all right to interest. The Company may deposit Client money in overnight deposits and will be allowed to keep any interest. The Company may hold Client money and the money of other clients in the same bank account (omnibus account). The Company may deposit Client money with a third party who may have a security interest, lien or right of set-off in relation to that money. The Company may deposit Client money with a third party for collateral/margin purposes. The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client’s money, or the third party’s money. In the event of the insolvency or any other analogous proceedings in relation to that third party, the Company may only have an unsecured claim against the third party on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client with claims in respect of the relevant account. The Company does not accept any liability or responsibility for any resulting losses. Profit or loss from CFDs trading is deposited in/withdrawn from the Client Account once the Transaction is closed. If the Client Account has funds of less than minimum initial deposit of 100 US Dollars or other amount in other currency (according to the Currency of the Client Account) as determined by the Company in its discretion from time to time in the Contract Specifications, the Company reserves the right to close the Client Account, notify the Client accordingly and charge the Client any bank or other related charges. If the Client Account is inactive for a calendar year or more, the Company reserves the right to charge an account maintenance fee of as determined by the Company in its discretion from time to time in the Contract Specifications (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. Lien The Company shall have a general lien on all Client money held by the Company or its Associates or its nominees on the Client’s behalf until the satisfaction of the Client’s obligations. Netting and Set-Off If the aggregate amount payable by the Client is equal to the aggregate amount payable by the Company, then the Company may determine that the mutual obligations to make payment are set- off and cancel each other. If the aggregate amount payable by one party exceeds the aggregate amount payable by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. The Company has the right to combine all or any Client Accounts opened in the Client name and to consolidate the Balances in such accounts and to set-off such Balances.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 9.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 9.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client ten (10) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 9.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the 9.5. The Company has the right to close and or limit the size of the Client Open Positions (New or Gross) and to refuse new Orders in any of the following cases: The Company considers that there are abnormal trading conditions; The value of the Client collateral falls below the minimum Margin requirement; At any time equity (current balance including Open Positions) is equal to or all less than a specified percentage of the Margin (collateral) needed to keep the open position; The Company makes a Margin Call and the Client fails to meet it; In an Event of Default of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 9.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 9.7. When a Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentCall is made, the Client should note that, depending upon the nature will be offered with all or any of the Transaction, three options to deal with the situation: limit his exposure (i.e. close trades); hedge his positions (i.e. open counter positions to the ones he may be liable to make further payments when has) while reevaluating the Transaction situation; or deposit more money in the Client Account. 9.8. If a Client fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in Call and the market price of the Client’s investment will affect the amount of margin payment he works against him his positions will be required to make. The Client agrees to pay the Company on demand such sums by way closed at Stop Out level of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 50% equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentagerefuse a new Order. 10.11 9.9. ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 9.10. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific financial instrument apply to all positions opened for this financial instrument. 3.5 The Company has the right to increase the size of Margin requirements, before the close of market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area. 3.6 Increasing the amount of hedging will result in a reduction of Margin requirements for new locking orders. 3.7 Reducing the amount of hedging is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different currency pairs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇▇▇/forex/specifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except hedging position to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company has reserves the right to increase the size of Margin requirements, before the close any or all of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions at any time without are closed starting from the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange marketmost unprofitable. 10.6 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, Client it has no obligation to do so. Should the Client should note that, depending upon the nature of the Transaction, he may be liable faill to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of meet a margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of Client’s Open positions. Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. Nonmonetary margin is not acceptable. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions positions. Margin must be paid in order monetary funds in the Currency of the Private Investor Account. Non-monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all Financial Instruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non-Farm Payroll announcement; d. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 8.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 8.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 8.3. The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positionspositions/trades; which may be declared through an internal mail message or on the company’s Corporate website, mail; unless a Force Majeure Event has occurred. 10.4 8.4. The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 8.5. If at any time Equity is less than 2030% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, XDELľA MU LľD | Clic⭲t Agíccmc⭲t | Rcg. No : 17659« | ľIC No : 27®576«« | Ḻicc⭲sc No : GB20025745 | ▇▇▇.▇▇▇▇▇▇.▇▇▇ any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 8.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 8.7. The Company has no obligation to make Margin Calls for the Client. The Company is not liable to the Client for any failure by the Company to contact or attempt to contact the Client. 10.8 8.8. Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions XDELľA MU LľD | Clic⭲t Agíccmc⭲t | Rcg. No : 17659« | ľIC No : 27®576«« | Ḻicc⭲sc No : GB20025745 | ▇▇▇.▇▇▇▇▇▇.▇▇▇ under this Agreement. 10.9 8.9. Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions open positions as the equity reaches 20 zero, or 0% equity to margin level: ; all pending orders for the stopped-stopped out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the clientCompany. 10.10 8.10. If the Client breaches clause 10.98.5., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred percentage according to the company via bank wire transfer or any of the applied deposits methodsclause 8.5. 10.12 8.11. Margin must be paid in cash. Cash Margin is paid to the Company as an outright transfer of funds. Non-cash collateral Margin will be accepted by the company in its discretion and on terms to be agreed with the Company. 8.12. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits Limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new Positions and to the Positions which are already open. 10.4 4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open.new 10.5 5. If at any time Equity is less than 20% falls below a certain percentage, (specified in the Contract Specifications), of the Necessary necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time Positions, without the Client’s consent Consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums Sums referred to therein which are not denominated in the Currency of the Client Account Account, shall be treated as if they were denominated in the Currency of the Client Account Account, by converting them into the Currency of the Client Account at the relevant exchange rate Exchange Rate for spot Spot dealings in the foreign exchange marketForeign Exchange Market. 10.6 6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 7. The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position8. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in Monetary Funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFD. 10.2 position is opened. It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 . The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇. 10.5 ▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange market. 10.6 prevailing market rates. If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 14.1. The Client shall provide and maintain the Initial Margin and/or Hedged and Maintenance Margin in such limits as set by the Company, at its the Company’s sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 14.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 14.3. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Client, as long as the change is not in the case of Force Majeure Eventlegal boundaries prohibited by the relevant directives and laws. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already openopen and to use reasonable efforts to update the Client as soon as possible. 10.5 14.4. The applicable Margin requirements can be found on the Website directly below the specific instrument. By pressing the down arrow, you may see the details of the specific instrument such as the Unit Amount, the Leverage, the Rollover fee, the initial Margin and the Maintenance Margin. If at any time the Equity falls below the Maintenance Margin, which is less than 20% specified in the Contract Specifications section on the Website and on the right hand side of the Necessary Margintrading platform, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice written notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet 14.5. If a Margin payment when due. 10.7 The Company has no obligation Call notification is sent to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an InstrumentClient Terminal, the Client should note that, depending upon the nature of the Transaction, he may will not be liable able to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his positionopen any new positions. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.fails to meet the Margin Call, the Company has the right to close partially or totally the Clients his Open Positions in order for will be closed starting from the client Account to go above the required percentagemost unprofitable. 10.11 14.6. ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 9.1 The present Paragraph 9.1 applies solely in relation to the provision of Margin Trading services. 9.2 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in within such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFDFinancial Instrument. 10.2 9.3 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 9.4 Unless a Force Majeure Event has occurred. 10.4 The , the Company has the right to change the Margin requirements without prior Written Notice requirements, giving to the Client in the case of Force Majeure Eventtwo Business Days Written Notice prior to these amendments. In this situation situation, the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 9.5 The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation, the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 9.6 If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 9.7 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 9.8 The Company has no obligation to make Margin Calls for the Client. 10.8 Where 9.9 Margin must be paid in monetary funds in the Company effects or arranges a Transaction involving an Instrument, Currency of the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this AgreementAccount. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 9.10 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 23.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits Limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 23.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 23.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new Positions and to the Positions which are already open. 10.4 23.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open.to 10.5 23.5. If at any time Equity is less than 20% falls below a certain percentage, (specified in the Contract Specifications), of the Necessary necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time Positions, without the Client’s consent Consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseParagraph, any sums Sums referred to therein which are not denominated in the Currency of the Client Account Account, shall be treated as if they were denominated in the Currency of the Client Account Account, by converting them into the Currency of the Client Account at the relevant exchange rate Exchange Rate for spot Spot dealings in the foreign exchange marketForeign Exchange Market. 10.6 23.6. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 23.7. The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position23.8. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can must be transferred to paid in Monetary Funds in the company via bank wire transfer or any Currency of the applied deposits methods. 10.12 Client Account. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the amount established by the Company at the time the position is opened. 3.2 Client shall maintain, without notice or demand by the Company, sufficient equity in Client's account at its sole discretionall times to continuously meet Margin Requirements. The Client must at all times satisfy 3.3 The Company, may determine subject to Applicable Regulations, will be entitled to increase or decrease the Margin requirements for any or all clients for any open or new positions at any time under time, in the Contract Specifications Company’s sole discretion without prior notice. Any increase in Margin Requirements will be due and payable immediately on the Company’s demand. The Company will only increase or decrease Margin requirements where the Company reasonably considers it necessary or desirable, for each type example but without limitation, in response to or in anticipation of CFDany of the following: A. An Event of Default; B. A change in the market to which your margined transactions relate or in the financial markets more generally; C. Upcoming Economic news and/or market news which may adversely impact any margined positions; D. When Client changes the trading pattern with the Company and/or an Affiliate company such that the Company determines in its reasonable discretion further margin is required in order to manage the risks associated with the Clients’ transactions; E. When Client performs prohibited actions on the trading platform and as part of it, the Client’s trading activities are concentrated in a particular currency pair or underlying instrument. It is the Client’s sole responsibility to monitor Client's account so that at all times the account contains sufficient equity to meet Margin Requirements. The Company may reject any order if Client's account has insufficient equity to meet Margin Requirements, and may delay processing of any order while determining the margin status of the account. 10.2 3.4 It is the Client’s responsibility to ensure that he understands how a Margin ▇▇▇▇▇▇ is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.5 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.6 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.7 The Company reserves the right to increase or decrease the size of Margin requirements, before the close and/or after the open of the market, around trading breaks, weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or Client's Terminal and/or on the Company’s Website. 3.8 Increasing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.9 Reducing the amount of hedging in trading accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional 3.10 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇/contractspecifications/If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.11 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.12 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 3.13 ▇▇▇▇▇▇ can must be transferred to paid in monetary funds in the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. 10.12 3.14 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. 3.15 The Company at its absolute discretion, at any time with or without prior Written Notice, may increase the Stop Out level or change the required Margin of a Trading Account, and may forcibly close any Client’s open positions or Stop Out their positions or the whole trading account if Margin Level falls below 100%.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Private Investor Account. Non-monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all Financial Instruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non-Farm Payroll announcement; d. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 13.1. The Client shall provide and maintain Margin requirements for different types of Financial Instruments are displayed on the Initial Margin and/or Hedged Margin in such limits as Trading Conditions. However, the Company, Company reserves the right at its sole discretiondiscretion to determine specific Margin requirements for individual Position, may determine at any time under the Contract Specifications for each type of CFDas required. 10.2 13.2. The Company's Margin requirement shall apply throughout the term of this Agreement. It is the Client’s 's responsibility continuously to ensure that he understands how a sufficient Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or available on the company’s Corporate websiteAccount at any time. If, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity during the term of this Agreement, the Margin available on the Account is less than 20% insufficient to cover the Margin requirement, the Client is obliged to reduce the volume and/or amount of Position(s) or transfer adequate funds to the Necessary MarginAccount. Even if the Client takes steps to reduce the volume and/or amount of its Position(s) or to transfer sufficient funds to, and subject to applicable legislation and/or regulation, the Company has the right to may close any one, several or all of the Client’s Open Positions 's Position or part of them at its sole discretion without assuming any time without responsibility towards the Client’s consent or any prior Written Notice to himClient for such action. 13.3. In order to determine if If the Client has breached this clauseopened more than one Account, any sums referred the Company is entitled to therein transfer money from one Account to another, even if such transfer will necessitate the closing of Position(s) or other trades on the Account from which the transfer takes place. 13.4. The Client is specifically made aware that the Margin requirements are subject to change without notice. The Client acknowledges that the Company will not denominated in monitor the Currency of Margin requirements on a continuous basis, and the Company shall not be obliged to inform the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be any Margin required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs 13.5. In addition and without prejudice to any rights to which the Company may be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, entitled under this Agreement or any Laws and Regulations or any deficit that may result after liquidation will be handled other applicable laws and covered by the client 10.10 If the Client breaches clause 10.9.regulations, the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 shall CA07102018 Tel: +▇▇▇▇▇▇▇▇▇▇▇ can be transferred to | Fax: +▇▇▇▇▇▇▇▇▇▇▇ | ▇▇▇.▇▇▇▇▇▇.▇▇▇ have a general lien on all Margin or funds held by the company via bank wire transfer or any Company on the Client’s behalf until the satisfaction of the applied deposits methodsall Client’s obligations. 10.12 The Client undertakes neither 13.6. Upon the Account’s Equity reaching a level equal to create nor to have outstanding any security interest whatsoever overor below the Maintenance Margin, nor to agree to assign or transfer, any of the Margin transferred to as calculated by the Company, the Company will automatically close the highest consuming Used Margin deal or all Open Deals under a specific instrument, at the price then offered by the Company, subject to Slippage and paragraph 11.4.

Margin Requirements. 10.1 32.1. The Client shall provide and maintain the Initial Margin and/or Hedged sufficient Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 32.2. It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 32.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 32.4. The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 2032.5. At margin levels of 75% of the Necessary Margin(seventy five percent), the Company Firm has the right discretion to close any or all of begin closing positions starting from the most unprofitable one without the Client’s Open Positions consent or any prior Written Notice to him. In addition, at any time margin levels of 50% (fifty percent), the Firm shall automatically begin closing positions at market price, starting from the most unprofitable one without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 32.6. At margin levels of 100% (one hundred percent) the Firm will be entitled to notify the Client of a change in his margin level. Any increase to the margin level will be due and payable immediately on our demand. We will only increase the Client’s margin level where we reasonably consider it necessary. 32.7. The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 32.8. The Company has no does not make Margin Calls, but in the event that it does this will not be perceived as an obligation to make Margin Calls for the ClientCalls. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, 32.9. Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of Client’s Open positions. 32.10. Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. Non- monetary margin is acceptable on a case by case basis and depends on the Company’s discretion. If the Company decides to accept Securities as Margin, the Parties shall enter into a written agreement. 10.12 32.11. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. 32.12. The Parties agree that the Company will have the right to withdraw Margin from the Client Account and deposit it in its account and it will be considered as security for the trading activity of the Client. In this case the Margin will not be considered as Client money and so the Company may use the Margin for its own account. The Margin will be considered as a debt due by the Company due to the Client and will be returned back to the Client. 32.13. In the event of a negative balance in a retail Client account, the Company will not file a claim against the Client for that amount, except in cases where the client has used illicit methods to create it or Client is classified as a professional or eligible counterparty.

Margin Requirements. 10.1 3.1 The Client shall provide must deposit and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, amount established by the Company at its sole discretion, may determine at any the time under the Contract Specifications for each type of CFDposition is opened. 10.2 3.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 3.3 The Company has the right to change Margin requirements without with prior Written Notice notice to the Client in the case of Force Majeure EventClient. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 3.4 Lower Margin requirements for a specific Financial Instrument apply to all positions opened for this Financial Instrument. 3.5 The Company reserves the right to increase the size of Margin requirements, before the close of the market before weekends and holidays. Information about the time frames during which increased Margin requirements are in effect is published in the Client's Personal Area and/or on the Company’s Website. 3.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders. 3.7 Reducing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) is treated as opening a new position and will result in a proportional (based on the amount) change in Margin requirements on previously opened positions for the corresponding financial instrument. 3.8 The Margin requirements applicable to the different CFDs can be found in the Contract Specifications section on the Website at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/contractspecifications/. If at any time the Equity is less than 20% falls below a certain percentage of the Necessary Margin, specified in the Contract Specifications section on the Website, the Company has the right to close any any, or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account Account, at reasonable exchange rates as the relevant exchange rate for spot dealings in Company will select, having regards to the foreign exchange marketprevailing market rates. 10.6 3.9 If a Margin Call notification is sent to the Client Terminal, the Client will not be able to open any new positions, except where permitted by the Company, hedging position(s) to reduce margin. If the Client fails to meet the Margin Call, his Open Positions are closed starting from the most unprofitable. 3.10 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin Call payment when due. 10.7 The Company has no obligation to make 3.11 Margin Calls for must be paid in monetary funds in the ClientCurrency of the Client Account. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 3.12 The Client undertakes neither to create create, nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

Margin Requirements. 10.1 The Client Private Investor shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 . It is the ClientPrivate Investor’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless . Unless a Force Majeure Event has occurred. 10.4 , the Company has the right to change the Margin requirements, giving to the Private Investor two (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. The Company has the right to change Margin requirements without prior Written Notice notice to the Client Private Investor in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 . If at any time Equity is less than 20% falls below a certain percentage (specified in the Contract Specifications) of the Necessary Margin, the Company has the right to close any or all of the ClientPrivate Investor’s Open Positions at any time without the ClientPrivate Investor’s consent or any prior Written Notice to him. In order to determine if the Client Private Investor has breached this clauseparagraph, any sums referred to therein which are not denominated in the Currency of the Client Private Investor Account shall be treated as if they were denominated in the Currency of the Client Private Investor Account by converting them into the Currency of the Client Private Investor’s Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 . The Client Private Investor has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The . Although the Company has no obligation to may make Margin Calls for the Client. 10.8 Where Private Investor it has no obligation to do so. Should the Company effects or arranges Private Investor fail to meet a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally all of the Clients Private Investor’s Open Positions in order for the client Account to go above the required percentage 10.11 positions. ▇▇▇▇▇▇ can must be transferred paid in monetary funds in the Currency of the Private Investor Account. Non-monetary margin is not acceptable. Margin requirements prior to and during Market Disruption: Without prejudice to what is set out herein above, the Company at its sole discretion may temporarily require higher margin for placing new Orders for any specific or all Financial Instruments (compared to the company via bank wire transfer or any normal margin requirements of the applied deposits methods.Private Investor’s account) in the following, non-exhaustive cases: 10.12 a. Prior to and/or during Friday market closure; b. Prior and/or during to any other market closure for any specific or all Financial Instruments; c. Prior and/or during to any major news announcements, such as, but not limited to, the Non-Farm Payroll announcement; d. Prior and/or during to any anticipated abnormal Market conditions and/or Market Disruptions. The Client above temporary increase of the margin requirements is only intended to affect new orders placed following the implementation of the new margin requirements and it will not affect any Orders which have been placed prior to the implementation of the new margin requirements. The Private Investor undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. Due to regulatory requirements imposed by the French Regulatory Authority Autorité des Marchés Financiers for Clients who reside in the territory of France, the Company will limit the maximum losses of each Open Position to the amount of Initial Margin and to this effect the Company will proceed to each Open Positions where the Loss reached the amount of Initial Margin for the specific Positions, without proceeding to any Margin Calls.

Margin Requirements. 10.1 36.1 The Client shall provide and maintain the Initial sufficient Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type eachtype of CFD. 10.2 36.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless 36.3 Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, giving to the Client two Business Days Written Notice prior to theseamendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 10.4 36.4 The Company has the right to change Margin requirements without prior Written Notice notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, positions which are already open. 10.5 If at any time Equity is less than 2036.5 At Margin Level of 100% of the Necessary Margin(one hundred percent), the Company Firm has the right discretion to close any or all of begin closing positions starting from the Client’s Open Positions at any time most unprofitable one without the Client’s consent or any prior Written Notice to him. In order addition, at Margin Level of 50% (fifty percent), the Firm’ system shall automatically begin closing positions at market price, starting from the most unprofitable one without the Client’s consent or any prior Written Notice to him. Unleveraged positions, but not derivatives such as CFDs, will be closed out automatically by the Firm’s system when Margin Level reaches 0.1%. In orderto determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 36.6 The Client has the responsibility to notify the Company as soon as he believes that he will be willbe unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, 36.7 Should the Client should note that, depending upon the nature of the Transaction, he may be liable fail to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of meet a Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9.Call, the Company has the right to close partially part or totally allof Client’s Open positions. 36.8 Margin must be paid in monetary funds in the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any Currency of the applied deposits methodsClient Account. If the Company decides to accept Securities as Margin, the Parties shall enter into a written agreement. 10.12 36.9 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to theCompany. 36.10 The Parties agree that the CompanyCompany will have the right to withdraw Margin from the ClientAccount and deposit it in its account and it will be considered as security for the trading activity of the Client. In this case the Margin will not be considered as Client money and so the Company may use the Margin for its own account. The Margin will be considered as a debt due by the Company due to the Client and will be returned back to the Client. 36.11 In the event of a negative balance in a retail Client account, the Company will not file a claim against the Client for that amount, except in cases where the Client has used illicit methods to create it or Client is classified as a professional or eligible counterparty.