Common use of Authority to Sell Clause in Contracts

Authority to Sell. 4.1 You authorise Galaxy International Securities to sell or arrange for the sale of any quantity of the Securities held on your behalf at such price and on such terms as Galaxy International Securities may determine in its absolute discretion if: (a) Galaxy International Securities receives any instruction from the Stock Exchange, the SFC, the Futures Exchange, the Clearing House, HKSCC, Hong Kong Exchanges and Clearing Limited and any other Regulators; or (b) Galaxy International Securities is of the view that you are in breach or may be in breach of any Governing Rules, including without limitation to, rules and regulations of the Stock Exchange, the SFC, the Futures Exchange, the Clearing House, HKSCC, any other Regulators, and the laws of Hong Kong as may be amended, supplemented, modified or varied from time to time.