Common use of AUTHORIZATION TO TRADE Clause in Contracts

AUTHORIZATION TO TRADE. 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, RUBY MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as 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 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 RUBY MARKETS LIMITED from persons RUBY MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, 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. 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 RUBY MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY FUNDA MARKETS LIMITED from persons RUBY persons. 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, RUBY 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. RUBY 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 RUBY FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY FUNDA MARKETS LIMITED from persons RUBY persons. FUNDA MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. 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, RUBY MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as 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 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 RUBY MARKETS LIMITED from persons RUBY MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, 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. 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 RUBY MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY MARKETS QUANTIC VENTURE LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY MARKETS QUANTIC VENTURE LIMITED from persons RUBY MARKETS QUANTIC VENTURE LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY MARKETS QUANTIC VENTURE LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY FUNDA MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY FUNDA MARKETS LIMITED from persons RUBY persons. FUNDA MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY FUNDA MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY HIBI MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY HIBI MARKETS LIMITED from persons RUBY persons. HIBI MARKETS LIMITED, in its sole judgment, believes are apparently authorized by XxxxxxxxCustomer. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY HIBI MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. RUBY 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, RUBY CRONOSCAP MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY CRONOSCAP MARKETS LIMITED from persons RUBY persons. CRONOSCAP MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY CRONOSCAP MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.. CUSTOMER AGREEMENT 4

AUTHORIZATION TO TRADE. RUBY 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, RUBY CRONOSCAP MARKETS LIMITED is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as RUBY 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 RUBY 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 RUBY CRONOSCAP MARKETS LIMITED from persons RUBY persons. CRONOSCAP MARKETS LIMITED, in its sole judgment, believes are apparently authorized by Xxxxxxxx. If Customer’s account is titled as a joint account, RUBY 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. RUBY 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 RUBY CRONOSCAP MARKETS LIMITED in reliance on any such instructions or on the apparent authority of any such persons.