Common use of AUTHORIZATION TO TRADE Clause in Contracts

AUTHORIZATION TO TRADE. CRONOSCAP MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP MARKETS LIMITED from persons. CRONOSCAP MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4

AUTHORIZATION TO TRADE. CRONOSCAP HIBI MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP HIBI MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP HIBI MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP HIBI MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP HIBI MARKETS LIMITED from persons. CRONOSCAP HIBI MARKETS LIMITED, in its sole judgment, believes are apparently authorized by XxxxxxxxCustomer. If Customer’s account is titled as a joint account, CRONOSCAP HIBI MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP HIBI MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP HIBI MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP MARKETS QUANTIC VENTURE LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP MARKETS QUANTIC VENTURE LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP MARKETS QUANTIC VENTURE LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP MARKETS QUANTIC VENTURE LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP MARKETS QUANTIC VENTURE LIMITED from persons. CRONOSCAP MARKETS persons QUANTIC VENTURE LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP MARKETS QUANTIC VENTURE LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP MARKETS QUANTIC VENTURE LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP MARKETS QUANTIC VENTURE LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP MARKETS 360TRADEHUB LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP MARKETS 360TRADEHUB LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP MARKETS 360TRADEHUB LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP MARKETS 360TRADEHUB LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with CUSTOMER AGREEMENT 3 Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP MARKETS 360TRADEHUB LIMITED from persons. CRONOSCAP MARKETS persons 360TRADEHUB LIMITED, in its sole judgment, believes are apparently authorized by XxxxxxxxCustomer. If Customer’s account is titled as a joint account, CRONOSCAP MARKETS 360TRADEHUB LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP MARKETS 360TRADEHUB LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP MARKETS 360TRADEHUB LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP FUNDA MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP FUNDA MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP FUNDA MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP FUNDA MARKETS LIMITED from persons. CRONOSCAP CUSTOMER AGREEMENT 3 FUNDA MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP FUNDA MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP FUNDA MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP SIRIUS MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP SIRIUS MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP SIRIUS MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP SIRIUS MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP SIRIUS MARKETS LIMITED from persons. CRONOSCAP persons SIRIUS MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP SIRIUS MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP SIRIUS MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP SIRIUS MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP RUBY MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP RUBY MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP RUBY MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP RUBY MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP RUBY MARKETS LIMITED from persons. CRONOSCAP persons RUBY MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP RUBY MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP RUBY MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions CUSTOMER AGREEMENT 3 taken or failed to be taken by CRONOSCAP RUBY MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP RUBY MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP RUBY MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP RUBY MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP RUBY MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP RUBY MARKETS LIMITED from persons. CRONOSCAP persons RUBY MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP RUBY MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP RUBY MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP RUBY MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP FUNDA MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP FUNDA MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP FUNDA MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP FUNDA MARKETS LIMITED from persons. CRONOSCAP FUNDA MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP FUNDA MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard CUSTOMER AGREEMENT 3 to trading in the account and the disposition of any and all assets in the account. CRONOSCAP FUNDA MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in CUSTOMER AGREEMENT 3 accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP MARKETS LIMITED from persons. CRONOSCAP MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP HIBI MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP HIBI MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP HIBI MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP HIBI MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP HIBI MARKETS LIMITED from persons. CRONOSCAP HIBI MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP HIBI MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP HIBI MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP HIBI MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.

AUTHORIZATION TO TRADE. CRONOSCAP FUNDA MARKETS LIMITED is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, CRONOSCAP FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as CRONOSCAP FUNDA MARKETS LIMITED deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or CRONOSCAP FUNDA MARKETS LIMITED's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to CRONOSCAP FUNDA MARKETS LIMITED from persons. CRONOSCAP FUNDA MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, CRONOSCAP FUNDA MARKETS LIMITED is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. CRONOSCAP FUNDA CUSTOMER AGREEMENT 3 MARKETS LIMITED shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by CRONOSCAP FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons. CUSTOMER AGREEMENT 4.