Common use of AGENTS AND ASSOCIATION Clause in Contracts

AGENTS AND ASSOCIATION. 3.1 Associated with USL’s Employees or Agents: The Client represents and warrants to USL that the Client is not associated with any of USL’s employees or agents including without limitation as a child under 18 years of such employees or agents and agrees that if the Client is or becomes associated with any of such employees or agents, the Client shall promptly notify USL of the existence and nature of such association and acknowledge that USL may, upon receipt of such notice, at USL’s absolute discretion, choose to terminate the Account. If the Client is associated with USL’s employees or agents, USL may in its absolute discretion designate the Account as staff account and require the Client to comply with USL’s staff dealing policy or any applicable rules USL considers appropriate to safeguard against any actual or potential conflict of interest and any increased risk of market misconduct arisen from such association. Breaching of such policy or rules by Client might lead to the non-execution, cancellation or withdrawal of any buy or sell order placed, or invalidation of any executed trade. USL shall not be responsible for any losses or damages directly or indirectly caused by the aforesaid actions. The Client shall indemnify USL for any costs, losses or expenses which USL incurs as a result of taking any actions deemed appropriate in response to such breach.

AGENTS AND ASSOCIATION. 3.1 Associated with USLUSPL’s Employees or Agents: The Client represents and warrants to USL USPL that the Client is not associated with any of USLUSPL’s employees or agents including without limitation as a child under 18 years of such employees or agents and agrees that if the Client is or becomes associated with any of such employees or agents, the Client shall promptly notify USL USPL of the existence and nature of such association and acknowledge that USL USPL may, upon receipt of such notice, at USLUSPL’s absolute discretion, choose to terminate the Account. If the Client is associated with USLUSPL’s employees or agents, USL USPL may in its absolute discretion designate the Account as staff account and require the Client to comply with USLUSPL’s staff dealing policy or any applicable rules USL USPL considers appropriate to safeguard against any actual or potential conflict of interest and any increased risk of market misconduct arisen from such association. Breaching of such policy or rules by Client might lead to the non-non- execution, cancellation or withdrawal of any buy or sell order placed, or invalidation of any executed trade. USL USPL shall not be responsible for any losses or damages directly or indirectly caused by the aforesaid actions. The Client shall indemnify USL USPL for any costs, losses or expenses which USL USPL incurs as a result of taking any actions deemed appropriate in response to such breach.