Common use of CHARGES, COSTS AND EXPENSES Clause in Contracts

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The Broker. The Client also agrees to reimburse The Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The Broker the following: (a) all subscription, service and usage fees are payable in advance in the manner as prescribed by The Broker and such fees are non-refundable; (b) any fee/levies charges by Exchanges or other authorities; (c) any other reasonable fees and charges imposed by The Broker from time to time for services and facilities rendered to the Client; and (d) interest on all outstanding sums at such rate and at such mode as The Broker shall determine, and The Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (a) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (b) that in the case of a default committed by The Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client having

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-non- refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker's own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The Broker. The Client also agrees to reimburse The Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The Broker the following: (a) all subscription, service and usage fees are payable in advance in the manner as prescribed by The Broker and such fees are non-refundable; (b) any fee/levies charges by Exchanges or other authorities; (c) any other reasonable fees and charges imposed by The Broker from time to time for services and facilities rendered to the Client; and (d) interest on all outstanding sums at such rate and at such mode as The Broker shall determine, and The Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (a) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (b) that in the case of a default committed by The Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of The Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as The Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as The Broker may from time to time determine. 5.5 The Client agrees that The Broker is entitled to solicit, accept and retain for The Broker’s own benefit any rebate, brokerage, commission,

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with su ch Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-non- refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation - Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, interest, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation - Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The Broker AIF SEC all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The BrokerAIF SEC. The Client also agrees to reimburse The Broker AIF SEC on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The BrokerAIF SEC. The Broker AIF SEC may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The Broker AIF SEC the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The Broker AIF SEC and such fees are non-refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The Broker AIF SEC from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The Broker AIF SEC shall determine, and The Broker AIF SEC may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK and HKFE Trade is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The Broker AIF SEC or its associated persons in connection with securities listed or futures contracts (as defined under the SFO) traded on a recognized stock or futures market (including SEHKSEHK and HKFE) as defined under SFO and related assets of such securities and futures contracts and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock or futures market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of AIF SEC or its associated person will be subject to the rules in the relevant market. The Client may have varying level and type of protection in relation to transactions on different markets and Exchanges. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as AIF SEC may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as AIF SEC may from time to time determine. Without prejudice to any other rights and remedies available to AIF SEC, AIF SEC may charge a monthly maintenance fee of such amount in such currency as AIF SEC may determine from time to time on the dormant Account if the Client has no trading activity for six months or more. The Client authorizes AIF SEC to deduct from the Account as payment of such fees at a time determined by AIF SEC without prior notice. 5.5 The Client agrees that AIF SEC is entitled to solicit, accept and retain for AIF SEC’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by AIF SEC. AIF SEC may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-refundable; (bB) any fee/, levies or charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without prior notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 6) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 In addition to the charges payable under Clause 5.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-non- refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or traded on a recognized stock market (including SEHK) as defined under SFO and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized stock market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 5.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 5.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.

CHARGES, COSTS AND EXPENSES. 5.1 8.1 The Client agrees to pay to The the Broker all commissions, brokerage or other remuneration payable on all Transactions (including those pursuant to Clause 69) at the rates established from time to time by The the Broker. The Client also agrees to reimburse The the Broker on a full indemnity basis for all applicable levies (including but not limited to levies imposed by the Exchanges, Clearing Houses and the SFC), fees, stamp duties, expenses and other charges in respect of or in connection with the Transactions. Commissions and brokerage are subject to change from time to time and can be ascertained by contacting The the Broker. The Broker may impose additional charges for special services furnished at the request of the Client. 5.2 8.2 In addition to the charges payable under Clause 5.18.1, the Client agrees to pay The the Broker the following: (aA) all subscription, service and usage fees are payable in advance in the manner as prescribed by The the Broker and such fees are non-refundable; (bB) any fee/levies charges by Exchanges or other authorities;, (cC) any other reasonable fees and charges imposed by The the Broker from time to time for services and facilities rendered to the Client; and (dD) interest on all outstanding sums at such rate and at such mode as The the Broker shall determine, and The the Broker may at its discretion vary the rate of such fees and subscription at any time and from time to time without notice. The Broker is authorized at any time without prior notice to debit the Client any fees and expenses to any of the Accounts. 5.3 8.3 The Client acknowledges: (aA) that every purchase or sale recorded on the stock market operated by SEHK or notified to the SEHK HKFE Trade is subject to the charge of an Investor Compensation Fund levy and a levy pursuant to the SFO and the cost of each such charge and levy attributable to the Client shall be borne by the Client; and (bB) that in the case of a default committed by The the Broker or its associated persons in connection with securities listed or futures contracts (as defined under SFO) traded on a recognized stock futures market (including SEHKHKFE) as defined under SFO and related assets of such futures contracts and the Client havinghaving suffered pecuniary loss thereby, the liability of the Investor Compensation Fund will be restricted to valid claims as provided for in the SFO and will be subject to the monetary limits specified in the Securities and Futures (Investor Compensation – Compensation Limits) Rules and accordingly that there can be no assurance that any pecuniary loss sustained by reason of such a default will necessarily be recouped from the Investor Compensation Fund in full, in part, or at all. For Transactions which are effected in an exchange other than a recognized futures market (as defined under the SFO), the Client hereby acknowledges and accepts that the valid claims in event of any default on the part of the Broker or its associated person will be subject to the rules in the relevant market. 8.4 The Client hereby agrees to the imposition upon its Account or Accounts from time to time as the Broker may determine, of a minimum charge in respect of Accounts that maintain only average credit balances of less than such minimum amount as the Broker may from time to time determine. 8.5 The Client agrees that the Broker is entitled to solicit, accept and retain for the Broker’s own benefit any rebate, brokerage, commission, fee benefit, discount and/or other advantage from any Transaction effected by the Broker. The Broker may also offer at its absolute discretion any benefit or advantage to any person in connection with such Transaction.