Common use of Risk Disclosure Statement Clause in Contracts

Risk Disclosure Statement. I/WE ACKNOWLEDGE THAT DUE TO THE VOLATILE NATURE OF COMMODITIES MARKETS, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISK. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS MAY BE REQUIRED AT ANY TIME BEFORE EXPIRY TO DELIVER (PAY FOR) THE UNDERLYING SECURITIES TO THE FULL VALUE OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIES. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.

Risk Disclosure Statement. I/WE ACKNOWLEDGE 8.1 THE CLIENT ACKNOWLEDGES THAT DUE THE RISK OF LOSS IN FINANCING A TRANSACTION BY DEPOSIT OF COLLATERAL IS SIGNIFICANT. THE CLIENT IS AWARE THAT HE MAY SUSTAIN LOSSES IN EXCESS OF HIS CASH AND ANY OTHER ASSETS DEPOSITED AS COLLATERAL WITH EISHK. 8.2 THE CLIENT IS ALSO AWARE THAT MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE CONTINGENT ORDERS SUCH AS “STOP-LOSS” OR “STOP-LIMIT” ORDERS. THE VOLATILE NATURE OF COMMODITIES MARKETSCLIENT MAY BE CALLED UPON AT SHORT NOTICE TO MAKE ADDITIONAL MARGIN DEPOSITS OR INTEREST PAYMENTS. IF THE REQUIRED MARGIN DEPOSITS OR INTEREST PAYMENTS ARE NOT MADE WITHIN THE PRESCRIBED TIME, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISK. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS CLIENT’S COLLATERAL MAY BE EXERCISED AT LIQUIDATED WITHOUT HIS CONSENT. 8.3 THE CLIENT ACKNOWLEDGES THAT HE WILL REMAIN LIABLE FOR ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY RESULTING DEFICIT IN HIS ACCOUNT AND RECEIPT OF THE UNDERLYING COMMODITIES INTEREST CHARGED ON HIS ACCOUNT AND THAT OTHER OPTIONS REQUIRE PROVIDED THAT IT DOES NOT CONTRAVENE CLAUSE 4.3, THE CLIENT SHOULD CAREFULLY CONSIDERED WHETHER SUCH A CASH PAYMENT. FINANCING ARRANGEMENT IS SUITABLE IN LIGHT OF HIS OWN FINANCIAL POSITION AND INVESTMENT OBJECTIVES. 8.4 THE CLIENT ACKNOWLEDGES THAT THERE ARE RISKS FOR PROVIDING AN OPTION IS A WASTING ASSET AUTHORITY TO LEND OR DEPOSIT CLIENTS’S SECURITIES WITH THIRD PARTIES AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER ANY DEFAULT BY EISHK COULD RESULT IN THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL CLIENT’S SECURITIES. (PUTx) OPTIONS MAY BE REQUIRED AT ANY TIME BEFORE EXPIRY TO DELIVER 涉及該項融資的任何文件的任何條款，或任何保證金、擔保或彌償﹙包括該抵押﹚的不合法性、無效、或未能執行或缺陷，或在任何該等文件或任何保證金或彌償﹙包括該抵押﹚之下的合約方所享有之權利，無論原因是基於越權、不符合有關人士的利益，或任何人未經妥善授權、未經妥善簽立或交付或因為任何其他緣故﹔ (PAY FORxi) THE UNDERLYING SECURITIES TO THE FULL VALUE OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIES. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.任何根據涉及破產、無力還債或清盤的任何法律能夠避免的或受其影響的任何協議、保證金、擔保、彌償、付款、或其他交易﹔或任何客戶依賴任何該等協議、保證金、擔保、彌償、付款或其他交易所提供或作出的債務的免除、結算或清還，而任何該等債務免除、結算或清還將被視為受到相應的限制﹔或由安信國際證券或任何其他人士所作出或遺漏或忘記作出的事物或任何其他交易、事實、事宜或事物(如果不是因為本條款)可能在運作上損害或影響客戶在本附表條款之下的責任。

Risk Disclosure Statement. I/WE ACKNOWLEDGE 23.1 THE CLIENT ACKNOWLEDGES THAT DUE TO THE VOLATILE NATURE PRICES OF COMMODITIES MARKETSSECURITIES CAN AND DO FLUCTUATE, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISKSOMETIMES DRAMATICALLY. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF A SECURITY MAY MOVE UP OR DOWN, AND MAY BECOME VALUELESS. THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS CLIENT APPRECIATES THAT LOSSES MAY BE REQUIRED AT INCURRED RATHER THAN PROFIT MADE AS A RESULT OF BUYING AND SELLING SECURITIES. THIS IS A RISK THAT THE CLIENT IS PREPARED TO ACCEPT. 23.2 THE CLIENT FURTHER ACKNOWLEDGES THAT GROWTH ENTERPRISE MARKET SECURITIES INVOLVE HIGH INVESTMENT RISK. IN PARTICULAR, COMPANIES MAY LIST ON THE GROWTH ENTERPRISE MARKET WITH NEITHER A TRACK RECORD OF PROFITABILITY NOR ANY TIME BEFORE EXPIRY OBLIGATION TO DELIVER (PAY FOR) FORECAST FUTURE PROFITABILITY. GROWTH ENTERPRISE MARKET SECURITIES MAY BE VERY VOLATILE AND ILLIQUID. 23.3 THE UNDERLYING SECURITIES CLIENT IS AWARE THAT THERE ARE POTENTIAL RISKS OF INVESTING IN THE COMPANIES LISTED ON THE GROWTH ENTERPRISE MARKET AND THE CLIENT SHOULD MAKE THE DECISION TO INVEST ONLY AFTER DUE AND CAREFUL CONSIDERATION. THE FULL VALUE GREATER RISK PROFILE AND OTHER CHARACTERISTICS OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIESGROWTH ENTERPRISE MARKET MEAN THAT IT IS A MARKET MORE SUITED TO PROFESSIONAL AND OTHER SOPHISTICATED INVESTORS. 20. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.聯名及個別責任／繼承人 20.1 倘若此等條款由多於一人簽署或由一人本身及代表其他人（合夥商號或其他情况）簽署，則： (a) 客戶」須包括各該等人士(「聯名客戶」) ，而聯名客戶根據此 等條款的責任是共有並須個別承擔； (b) 任何關於證券帳戶的指示若由一名或以上聯名客戶發出或聲稱須被視爲所有聯名客戶共同發出的有效指示； (c) 對一名或以上聯名客戶付款的索求須被視爲對所有聯名客戶的有效索求； (d) 安信國際證券可解除或清償任何一名或以上聯名客戶根據此等條款的負債或合併或接受合併或與任何該等人士訂立任何其他安排，而不會引致解除或清償或另行影響其權利及對任何其他聯名客戶作出彌償； (e) 此等條款不受任何聯名客戶身故、殘疾或解散的影響； (f) 若根據第17 條由任何一名或以上聯名客戶或彼等的遺產代理人終止此等條款的，將不影響其他聯名客戶的持續責任（第 16 條須作相應解釋）。 20.2 此等條款須對客戶的承任人、遺囑執行人、管理人、遺產代理人、繼承人及承讓人（視情況而定）有約束力。 21.1 除非此等條款中另外規定，任何一方根據此等條款向另一方作 出或發出的通知須以書面形式發送到另一方最近期的地址、電子郵件、傳真號碼（視乎情况而定），併須於下列時間被視爲有效(i) 若以郵件 形式，則爲寄出後兩天（若爲本地）或七天（若爲國際），足以證明 通知已寄往正確地址或(ii)若發電子郵件或傳真，則爲發送當天。 21.2 倘安信國際證券的業務、公司資料，牌照地位、及可提供客戶的服務有重大變更，並且可能影響安信國際證券為客戶提供的服務，安信國際證券將會通知客戶。 22.1 任何關於安信國際證券根據此等條款表現的投訴須以書面形式寄往予安信國際證券的投訴主任，投訴主任將對投訴進行調查。客戶同意向投訴主任提供所有有關資料以便投訴主任對投訴進行必需的調查。 23.1 客戶確認，證券價格可能及會出現波動，有時可能會有異常波動。證券價格可升可跌，甚至變成毫無價值。客戶意識到買賣證券未必一定能夠賺取利潤，反而可能會招致損失。客戶確認準備承受此項風險。 23.2 客戶進一步確認，創業板證券涉及高投資風險。尤其是該等公 司可在無需具備盈利往績及毋需預測未來盈利的情況下在創業板上市。創業板證券可能非常波動及流通性很低。 23.3 客戶知悉投資於創業板上市的公司涉及潛在風險，客戶必須在審慎及仔細考慮後，才作出有關的投資決定。創業板市場的較高風險性質及其他特點，意味著這個市場較適合專業及其他熟悉投資技巧的投資者。

Risk Disclosure Statement. I/WE ACKNOWLEDGE 23.1 THE CLIENT ACKNOWLEDGES THAT DUE TO THE VOLATILE NATURE PRICES OF COMMODITIES MARKETSSECURITIES CAN AND DO FLUCTUATE, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISKSOMETIMES DRAMATICALLY. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF A SECURITY MAY MOVE UP OR DOWN, AND MAY BECOME VALUELESS. THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS CLIENT APPRECIATES THAT LOSSES MAY BE REQUIRED AT INCURRED RATHER THAN PROFIT MADE AS A RESULT OF BUYING AND SELLING SECURITIES. THIS IS A RISK THAT THE CLIENT IS PREPARED TO ACCEPT. 23.2 THE CLIENT FURTHER ACKNOWLEDGES THAT GROWTH ENTERPRISE MARKET SECURITIES INVOLVE HIGH INVESTMENT RISK. IN PARTICULAR, COMPANIES MAY LIST ON THE GROWTH ENTERPRISE MARKET WITH NEITHER A TRACK RECORD OF PROFITABILITY NOR ANY TIME BEFORE EXPIRY OBLIGATION TO DELIVER (PAY FOR) FORECAST FUTURE PROFITABILITY. GROWTH ENTERPRISE MARKET SECURITIES MAY BE VERY VOLATILE AND ILLIQUID. 23.3 THE UNDERLYING SECURITIES CLIENT IS AWARE THAT THERE ARE POTENTIAL RISKS OF INVESTING IN THE COMPANIES LISTED ON THE GROWTH ENTERPRISE MARKET AND THE CLIENT SHOULD MAKE THE DECISION TO INVEST ONLY AFTER DUE AND CAREFUL CONSIDERATION. THE FULL VALUE GREATER RISK PROFILE AND OTHER CHARACTERISTICS OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIESGROWTH ENTERPRISE MARKET MEAN THAT IT IS A MARKET MORE SUITED TO PROFESSIONAL AND OTHER SOPHISTICATED INVESTORS. 20. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.聯名及個別責任／繼承人 20.1 倘若此等條款由多於一人簽署或由一人本身及代表其他人（合夥商號或其他情况）簽署，則： (a) 客戶」須包括各該等人士(「聯名客戶」) ，而聯名客戶根據此等條款的責任是共有並須個別承擔； (b) 任何關於證券帳戶的指示若由一名或以上聯名客戶發出或聲稱須被視爲所有聯名客戶共同發出的有效指示； (c) 對一名或以上聯名客戶付款的索求須被視爲對所有聯名客戶的有效索求； (d) 安信國際證券可解除或清償任何一名或以上聯名客戶根據此等條款的負債或合併或接受合併或與任何該等人士訂立任何其他安排，而不會引致解除或清償或另行影響其權利及對任何其他聯名客戶作出彌償； (e) 此等條款不受任何聯名客戶身故、殘疾或解散的影響； (f) 若根據第 17 條由任何一名或以上聯名客戶或彼等的遺產代理人終止此等條款的，將不影響其他聯名客戶的持續責任（第 16 條須作相應解釋）。 20.2 此等條款須對客戶的承任人、遺囑執行人、管理人、遺產代理人、繼承人及承讓人（視情況而定）有約束力。 21.1 除非此等條款中另外規定，任何一方根據此等條款向另一方作 出或發出的通知須以書面形式發送到另一方最近期的地址、電傳號碼、傳真號碼（視乎情况而定），併須於下列時間被視爲有效(i) 若以郵件 形式，則爲寄出後兩天（若爲本地）或七天（若爲國際），足以證明 通知已寄往正確地址或(ii)若發電傳，則爲發出電傳後第二個營業日或 (iii)若發傳真，則爲發送當天。 21.2 倘安信國際證券的業務、公司資料，牌照地位、及可提供客戶的服務有重大變更，並且可能影響安信國際證券為客戶提供的服務，安信國際證券將會通知客戶。 22.1 任何關於安信國際證券根據此等條款表現的投訴須以書面形式寄往予安信國際證券的投訴主任，投訴主任將對投訴進行調查。客戶同意向投訴主任提供所有有關資料以便投訴主任對投訴進行必需的調查。 23.1 客戶確認，證券價格可能及會出現波動，有時可能會有異常波動。證券價格可升可跌，甚至變成毫無價值。客戶意識到買賣證券未必一定能夠賺取利潤，反而可能會招致損失。客戶確認準備承受此項風險。 23.2 客戶進一步確認，創業板證券涉及高投資風險。尤其是該等公 司可在無需具備盈利往績及毋需預測未來盈利的情況下在創業板上市。創業板證券可能非常波動及流通性很低。 23.3 客戶知悉投資於創業板上市的公司涉及潛在風險，客戶必須在審慎及仔細考慮後，才作出有關的投資決定。創業板市場的較高風險性質及其他特點，意味著這個市場較適合專業及其他熟悉投資技巧的投資者。

Risk Disclosure Statement. I/WE ACKNOWLEDGE 23.1 THE CLIENT ACKNOWLEDGES THAT DUE TO THE VOLATILE NATURE PRICES OF COMMODITIES MARKETSSECURITIES CAN AND DO FLUCTUATE, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISKSOMETIMES DRAMATICALLY. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF A SECURITY MAY MOVE UP OR DOWN, AND MAY BECOME VALUELESS. THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS CLIENT APPRECIATES THAT LOSSES MAY BE REQUIRED AT INCURRED RATHER THAN PROFIT MADE AS A RESULT OF BUYING AND SELLING SECURITIES. THIS IS A RISK THAT THE CLIENT IS PREPARED TO ACCEPT. 23.2 THE CLIENT FURTHER ACKNOWLEDGES THAT GROWTH ENTERPRISE MARKET SECURITIES INVOLVE HIGH INVESTMENT RISK. IN PARTICULAR, COMPANIES MAY LIST ON THE GROWTH ENTERPRISE MARKET WITH NEITHER A TRACK RECORD OF PROFITABILITY NOR ANY TIME BEFORE EXPIRY OBLIGATION TO DELIVER (PAY FOR) FORECAST FUTURE PROFITABILITY. GROWTH ENTERPRISE MARKET SECURITIES MAY BE VERY VOLATILE AND ILLIQUID. 23.3 THE UNDERLYING SECURITIES CLIENT IS AWARE THAT THERE ARE POTENTIAL RISKS OF INVESTING IN THE COMPANIES LISTED ON THE GROWTH ENTERPRISE MARKET AND THE CLIENT SHOULD MAKE THE DECISION TO INVEST ONLY AFTER DUE AND CAREFUL CONSIDERATION. THE FULL VALUE GREATER RISK PROFILE AND OTHER CHARACTERISTICS OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIESGROWTH ENTERPRISE MARKET MEAN THAT IT IS A MARKET MORE SUITED TO PROFESSIONAL AND OTHER SOPHISTICATED INVESTORS. 20. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.聯名及個別責任／繼承人 20.1 倘若此等條款由多於一人簽署或由一人本身及代表其他人（合夥商號或其他情况）簽署，則： (a) 客戶」須包括各該等人士(「聯名客戶」) ，而聯名客戶根據此等條款的責任是共有並須個別承擔； (b) 任何關於證券帳戶的指示若由一名或以上聯名客戶發出或聲稱須被視爲所有聯名客戶共同發出的有效指示； (c) 對一名或以上聯名客戶付款的索求須被視爲對所有聯名客戶的有效索求； (d) 安信國際證券可解除或清償任何一名或以上聯名客戶根據此等條款的負債或合併或接受合併或與任何該等人士訂立任何其他安排，而不會引致解除或清償或另行影響其權利及對任何其他聯名客戶作出彌償； (e) 此等條款不受任何聯名客戶身故、殘疾或解散的影響； (f) 若根據第 17 條由任何一名或以上聯名客戶或彼等的遺產代理人終止此等條款的，將不影響其他聯名客戶的持續責任（第 16 條須作相應解釋）。 20.2 此等條款須對客戶的承任人、遺囑執行人、管理人、遺產代理人、繼承人及承讓人（視情況而定）有約束力。 21.1 除非此等條款中另外規定，任何一方根據此等條款向另一方作 出或發出的通知須以書面形式發送到另一方最近期的地址、電子郵件、傳真號碼（視乎情况而定），併須於下列時間被視爲有效(i) 若以郵件 形式，則爲寄出後兩天（若爲本地）或七天（若爲國際），足以證明 通知已寄往正確地址或(ii)若發電子郵件或傳真，則爲發送當天。 21.2 倘安信國際證券的業務、公司資料，牌照地位、及可提供客戶的服務有重大變更，並且可能影響安信國際證券為客戶提供的服務，安信國際證券將會通知客戶。 22.1 任何關於安信國際證券根據此等條款表現的投訴須以書面形式寄往予安信國際證券的投訴主任，投訴主任將對投訴進行調查。客戶同意向投訴主任提供所有有關資料以便投訴主任對投訴進行必需的調查。 23.1 客戶確認，證券價格可能及會出現波動，有時可能會有異常波動。證券價格可升可跌，甚至變成毫無價值。客戶意識到買賣證券未必一定能夠賺取利潤，反而可能會招致損失。客戶確認準備承受此項風險。 23.2 客戶進一步確認，創業板證券涉及高投資風險。尤其是該等公 司可在無需具備盈利往績及毋需預測未來盈利的情況下在創業板上市。創業板證券可能非常波動及流通性很低。 23.3 客戶知悉投資於創業板上市的公司涉及潛在風險，客戶必須在審慎及仔細考慮後，才作出有關的投資決定。創業板市場的較高風險性質及其他特點，意味著這個市場較適合專業及其他熟悉投資技巧的投資者。

Risk Disclosure Statement. I/WE ACKNOWLEDGE THAT DUE TO THE VOLATILE NATURE OF COMMODITIES MARKETS, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISK. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, . AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS MAY BE REQUIRED AT ANY TIME BEFORE EXPIRY TO DELIVER (PAY FOR) THE UNDERLYING SECURITIES TO THE FULL VALUE OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIES. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.

Risk Disclosure Statement. I/WE ACKNOWLEDGE 23.1 THE CLIENT ACKNOWLEDGES THAT DUE TO THE VOLATILE NATURE PRICES OF COMMODITIES MARKETSSECURITIES CAN AND DO FLUCTUATE, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES INVOLVES A HIGH DEGREE OF RISKSOMETIMES DRAMATICALLY. WARNING TO OPTION HOLDERS SOME OPTIONS MAY ONLY BE EXERCISED ON ITS EXPIRY DAY (EUROPEAN-STYLE EXERCISE) AND OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF A SECURITY MAY MOVE UP OR DOWN, AND MAY BECOME VALUELESS. THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS CLIENT APPRECIATES THAT LOSSES MAY BE REQUIRED AT INCURRED RATHER THAN PROFIT MADE AS A RESULT OF BUYING AND SELLING SECURITIES. THIS IS A RISK THAT THE CLIENT IS PREPARED TO ACCEPT. 23.2 THE CLIENT FURTHER ACKNOWLEDGES THAT GROWTH ENTERPRISE MARKET SECURITIES INVOLVE HIGH INVESTMENT RISK. IN PARTICULAR, COMPANIES MAY LIST ON THE GROWTH ENTERPRISE MARKET WITH NEITHER A TRACK RECORD OF PROFITABILITY NOR ANY TIME BEFORE EXPIRY OBLIGATION TO DELIVER (PAY FOR) FORECAST FUTURE PROFITABILITY. GROWTH ENTERPRISE MARKET SECURITIES MAY BE VERY VOLATILE AND ILLIQUID. 23.3 THE UNDERLYING SECURITIES CLIENT IS AWARE THAT THERE ARE POTENTIAL RISKS OF INVESTING IN THE COMPANIES LISTED ON THE GROWTH ENTERPRISE MARKET AND THE CLIENT SHOULD MAKE THE DECISION TO INVEST ONLY AFTER DUE AND CAREFUL CONSIDERATION. THE FULL VALUE GREATER RISK PROFILE AND OTHER CHARACTERISTICS OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIESGROWTH ENTERPRISE MARKET MEAN THAT IT IS A MARKET MORE SUITED TO PROFESSIONAL AND OTHER SOPHISTICATED INVESTORS. 20. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.聯名及個別責任／繼承人 20.1 倘若此等條款由多於一人簽署或由一人本身及代表其他人（合夥商號或其他情况）簽署，則： (a) 客戶」須包括各該等人士(「聯名客戶」) ，而聯名客戶根據此等條款的責任是共有並須個別承擔； (b) 任何關於證券帳戶的指示若由一名或以上聯名客戶發出或聲稱須被視爲所有聯名客戶共同發出的有效指示； (c) 對一名或以上聯名客戶付款的索求須被視爲對所有聯名客戶的有效索求； (d) 國證國際證券可解除或清償任何一名或以上聯名客戶根據此等條款的負債或合併或接受合併或與任何該等人士訂立任何其他安排，而不會引致解除或清償或另行影響其權利及對任何其他聯名客戶作出彌償； (e) 此等條款不受任何聯名客戶身故、殘疾或解散的影響； (f) 若根據第17 條由任何一名或以上聯名客戶或彼等的遺產代理人終止此等條款的，將不影響其他聯名客戶的持續責任（第 16 條須作相應解釋）。 20.2 此等條款須對客戶的承任人、遺囑執行人、管理人、遺產代理人、繼承人及承讓人（視情況而定）有約束力。 21.1 除非此等條款中另外規定，任何一方根據此等條款向另一方作 出或發出的通知須以書面形式發送到另一方最近期的地址、電子郵件、傳真號碼（視乎情况而定），併須於下列時間被視爲有效(i) 若以郵件 形式，則爲寄出後兩天（若爲本地）或七天（若爲國際），足以證明 通知已寄往正確地址或(ii)若發電子郵件或傳真，則爲發送當天。 21.2 倘國證國際證券的業務、公司資料，牌照地位、及可提供客戶的服務有重大變更，並且可能影響國證國際證券為客戶提供的服務，國證國際證券將會通知客戶。 22.1 任何關於國證國際證券根據此等條款表現的投訴須以書面形式寄往予國證國際證券的投訴主任，投訴主任將對投訴進行調查。客戶同意向投訴主任提供所有有關資料以便投訴主任對投訴進行必需的調查。 23.1 客戶確認，證券價格可能及會出現波動，有時可能會有異常波動。證券價格可升可跌，甚至變成毫無價值。客戶意識到買賣證券未必一定能夠賺取利潤，反而可能會招致損失。客戶確認準備承受此項風險。 23.2 客戶進一步確認，創業板證券涉及高投資風險。尤其是該等公 司可在無需具備盈利往績及毋需預測未來盈利的情況下在創業板上市。創業板證券可能非常波動及流通性很低。 23.3 客戶知悉投資於創業板上市的公司涉及潛在風險，客戶必須在審慎及仔細考慮後，才作出有關的投資決定。創業板市場的較高風險性質及其他特點，意味著這個市場較適合專業及其他熟悉投資技巧的投資者。

Risk Disclosure Statement. I/WE ACKNOWLEDGE THAT The Client confirms and acknowledges that the OTM has fully explained the Risk Disclosure Statement and warnings as set out below to the Client and the Client accepts such risks. DUE TO THE VOLATILE NATURE OF COMMODITIES SECURITIES MARKETS, THE PURCHASE AND WRITING OF OPTIONS OVER COMMODITIES SECURITIES INVOLVES A HIGH DEGREE OF RISKRISK P.9 THE RISK OF LOSS IN TRADING OPTIONS IS SUBSTANTIAL. WARNING IN SOME CIRCUMSTANCES, YOU MAY SUSTAIN LOSSES IN EXCESS OF YOUR INITIAL MARGIN FUNDS. PLACING CONTINGENT ORDERS SUCH AS "STOP-LOSS" OR "STOP-LIMIT" ORDERS, WILL NOT NECESSARILY AVOID LOSS. MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO OPTION HOLDERS EXECUTE SUCH ORDERS. YOU MAY BE CALLED UPON AT SHORT NOTICE TO DEPOSIT ADDITIONAL MARGIN FUNDS. IF THE REQUIRED FUNDS ARE NOT PROVIDED WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED. YOU WILL REMAIN LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT. YOU SHOULD THEREFORE STUDY AND UNDERSTAND OPTIONS BEFORE YOU TRADE AND CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE IN THE LIGHT OF YOUR OWN FINANCIAL POSITION AND INVESTMENT OBJECTIVES. IF YOU TRADE OPTIONS YOU SHOULD INFORM YOURSELF OF EXERCISE AND EXPIRATION PROCEDURES AND YOUR RIGHTS AND OBLIGATIONS UPON EXERCISE OR EXPIRY. SOME OPTIONS MAY ONLY BE EXERCISED ON ITS AN EXPIRY DAY (EUROPEAN-EUROPEAN STYLE EXERCISE) AND THAT OTHER OPTIONS MAY BE EXERCISED AT ANY TIME BEFORE EXPIRATION (AMERICAN-AMERICAN STYLE EXERCISE). I/WE UNDERSTAND THAT UPON EXERCISE SOME OPTIONS REQUIRE DELIVERY AND RECEIPT OF THE UNDERLYING COMMODITIES SECURITIES AND THAT OTHER OPTIONS REQUIRE A CASH PAYMENT. AN OPTION IS A WASTING ASSET AND THERE IS A POSSIBILITY THAT AS AN OPTION HOLDER I/WE MAY SUFFER THE LOSS OF THE TOTAL PREMIUM PAID FOR THE OPTION. I/WE ACKNOWLEDGE THAT, AS AN OPTION HOLDER, IN ORDER TO REALISE A PROFIT IT WILL BE NECESSARY TO EITHER EXERCISE THE OPTION OR CLOSE THE LONG OPTION POSITION IN THE MARKET. UNDER SOME CIRCUMSTANCES IT MAY BE DIFFICULT TO TRADE THE OPTION DUE TO LACK OF LIQUIDITY IN THE MARKET. I/WE ACKNOWLEDGE THAT YOU HAVE NO OBLIGATION EITHER TO EXERCISE A VALUABLE OPTION IN THE ABSENCE OF MY/OUR INSTRUCTION OR TO GIVE TO ME/US PRIOR NOTICE OF THE EXPIRATION DATE OF THE OPTION. WARNING TO OPTION WRITERS AS A WRITER OF AN OPTION I/WE MAY BE REQUIRED TO PAY ADDITIONAL MARGIN AT ANY TIME. I/WE ACKNOWLEDGE THAT AS AN OPTION WRITER, UNLIKE AN OPTION HOLDER, I/WE MAY BE LIABLE FOR UNLIMITED LOSSES BASED ON THE RISE OR FALL OF THE PRICE OF THE UNDERLYING COMMODITIES AND MY/OURS GAINS ARE LIMITED TO THE OPTION PREMIUM. ADDITIONALLY, WRITERS OF AMERICAN-STYLE CALL (PUT) OPTIONS MAY BE REQUIRED AT ANY TIME BEFORE EXPIRY TO DELIVER (PAY FOR) THE UNDERLYING SECURITIES TO THE FULL VALUE OF THE STRIKE PRICE MULTIPLIED BY THE NUMBER OF UNDERLYING COMMODITIES. I/WE RECOGNISE THAT THIS OBLIGATION MAY BE WHOLLY DISPROPORTIONATE TO THE VALUE OF PREMIUM RECEIVED AT THE TIME THE OPTIONS WERE WRITTEN AND MAY BE REQUIRED AT SHORT NOTICE.