Common use of Custody Over Securities Clause in Contracts

Custody Over Securities. 2.1 Securities in respect of the Securities Cash Account which are Securities listed or traded on the Stock Exchange or interests in a collective investment scheme authorised by the SFC shall be deposited in safe custody in a segregated account which is designated as a trust account or client account maintained in Hong Kong by Galaxy International Securities or an Associated Entity of Galaxy International Securities with an authorised financial institution, a custodian approved by the SFC for providing custodian facilities or another intermediary licensed for dealing in securities or registered in the name of the Client or in the name of the Associated Entity. 2.2 Securities in respect of the Securities Cash Account which are not Securities listed nor traded on the Stock Exchange nor are interests in a collective investment scheme authorised by the SFC shall be dealt with according to the applicable Governing Rules. 2.3 Galaxy International Securities will credit any dividends or other amounts received by or for the Client or arising from the Securities received on behalf of the Client to the Securities Cash Account after deduction of any fees and/or handling charges determined by Galaxy International Securities from time to time. 2.4 If Galaxy International Securities is required at any time to make delivery or return any Securities to the Client, it shall be sufficient if Galaxy International Securities delivers or returns Securities of the same class and relevant nominal amount (subject to any capital reorganization of the company to which the Securities relate). 2.5 Galaxy International Securities has the right to hold all Securities and assets or other property in the Securities Cash Account as a continuing security for the payment and/or discharge of the Obligations of the Client arising from any Transaction. Galaxy International Securities further has the right to appropriate or dispose of all or part of the Securities or assets or other property held under the Securities Cash Account for the settlement of any Obligations. 2.6 Galaxy International Securities or its nominee may, but is not obliged to, exercise the voting rights attached to the Securities in accordance with the Client’s Instructions.

Custody Over Securities. 2.1 Securities in respect of the Securities Cash Account which are Securities listed or traded on the Stock Exchange or interests in a collective investment scheme authorised by the SFC shall be deposited in safe custody in a segregated account which is designated as a trust account or client account maintained in Hong Kong by Galaxy International West Bull Securities or an Associated Entity of Galaxy International West Bull Securities with an authorised financial institution, a custodian approved by the SFC for providing custodian facilities or another intermediary licensed for dealing in securities or registered in the name of the Client or in the name of the Associated Entity. 2.2 Securities in respect of the Securities Cash Account which are not Securities listed nor traded on the Stock Exchange nor are interests in a collective investment scheme authorised by the SFC shall be dealt with according to the applicable Governing Rules. 2.3 Galaxy International West Bull Securities will credit any dividends or other amounts received by or for the Client or arising from the Securities received on behalf of the Client to the Securities Cash Account after deduction of any fees and/or handling charges determined by Galaxy International West Bull Securities from time to time. 2.4 If Galaxy International West Bull Securities is required at any time to make delivery or return any Securities to the Client, it shall be sufficient if Galaxy International West Bull Securities delivers or returns Securities of the same class and relevant nominal amount (subject to any capital reorganization of the company to which the Securities relate). 2.5 Galaxy International West Bull Securities has the right to hold all Securities and assets or other property in the Securities Cash Account as a continuing security for the payment and/or discharge of the Obligations of the Client arising from any Transaction. Galaxy International West Bull Securities further has the right to appropriate or dispose of all or part of the Securities or assets or other property held under the Securities Cash Account for the settlement of any Obligations. 2.6 Galaxy International West Bull Securities or its nominee may, but is not obliged to, exercise the voting rights attached to the Securities in accordance with the Client’s Instructions.