Common use of Discretions Clause in Contracts

Discretions. MTC reserves the right to exercise certain discretions in respect of Client trading and Account management. In this regard, MTC will consider our commercial objectives, regulatory considerations and ethical obligations as a dealer. These discretions include, but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • Determine Commission rates and financing charges, • Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC to constitute an emergency has occurred or is, in MTC’s opinion, likely to occur and the Client has not reconfirmed instructions; or ii) in MTC’s opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) in MTC’s opinion, the Order is likely to be inappropriate, unethical or likely to negatively impact MTC’s reputation or integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC is not liable for any financial inconvenience or consequence as a result of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC Fidelcrest reserves the right to exercise certain discretions in respect of Client trading and Account management. In this regard, MTC Fidelcrest will consider our commercial objectives, regulatory considerations and ethical obligations as a dealerobligations. These discretions include, but are in no way limited to a right to: • ● Refuse any application for an Account without cause • ● Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • ● Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • ● Determine Commission rates and financing charges, • ● Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) i. dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC Fidelcrest to constitute an emergency has occurred or is, in MTC’s Fidelcrest opinion, likely to occur and the Client has not reconfirmed instructions; or ii) . in MTC’s Fidelcrest opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) . in MTC’s Fidelcrest opinion, the Order is likely to be inappropriate, unethical or likely to negatively impact MTC’s Fidelcrest reputation or integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC Fidelcrest is not liable for any financial inconvenience or consequence as a result of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC DTS LLC reserves the right to exercise certain discretions in respect of concerning Client trading and Account management. In this regard, MTC DTS LLC will consider our commercial objectives, regulatory considerations considerations, and ethical obligations as a dealerobligations. These discretions include, include but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • Determine Commission rates and financing charges, • Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) i. dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC DTS LLC to constitute an emergency has occurred or is, in MTC’s DTS LLC opinion, likely to occur and the Client has not reconfirmed instructions; or ii) . in MTC’s DTS LLC opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) . in MTC’s DTS LLC opinion, the Order is likely to be inappropriate, unethical unethical, or likely to negatively impact MTC’s DTS LLC reputation or for integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC DTS LLC is not liable for any financial inconvenience or consequence as a result because of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC ATHERFX LLC reserves the right to exercise certain discretions in respect of concerning Client trading and Account management. In this regard, MTC ATHERFX LLC will consider our commercial objectives, regulatory considerations considerations, and ethical obligations as a dealerobligations. These discretions include, include but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • Determine Commission rates and financing charges, • Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) i. dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC ATHERFX LLC to constitute an emergency has occurred or is, in MTC’s ATHERFX LLC opinion, likely to occur and the Client has not reconfirmed instructions; or ii) . in MTC’s ATHERFX LLC opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) . in MTC’s ATHERFX LLC opinion, the Order is likely to be inappropriate, unethical unethical, or likely to negatively impact MTC’s ATHERFX LLC reputation or for integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC ATHERFX LLC is not liable for any financial inconvenience or consequence as a result because of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC Lucror reserves the right to exercise certain discretions in respect of Client trading and Account management. In this regard, MTC Lucror will consider our commercial objectives, regulatory considerations and ethical obligations as a dealerobligations. These discretions include, but are in no way limited to a right to: • Refuse any application for an Account without cause • Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • Determine Commission rates and financing charges, • Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) : dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC Lucror to constitute an emergency has occurred or is, in MTCLucror’s opinion, likely to occur and the Client has not reconfirmed instructions; or ii) in MTCLucror’s opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) in MTCLucror’s opinion, the Order is likely to be inappropriate, unethical or likely to negatively impact MTCLucror’s reputation or integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC Lucror is not liable for any financial inconvenience or consequence as a result of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC reserves the right to exercise certain discretions in respect of Client trading and Account management. In this regard, MTC will consider our commercial objectives, regulatory considerations and ethical obligations as a dealer. These discretions include, but are in no way limited to a right to: • ●Refuse any application for an Account without cause • ●Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) • ●Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price • ●Determine Commission rates and financing charges, • ●Decline the Client’s instructions or cancel any Order or instruction without reason, where: i) dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC to constitute an emergency has occurred or is, in MTC’s opinion, likely to occur and the Client has not reconfirmed instructions; or ii) in MTC’s opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) in MTC’s opinion, the Order is likely to be inappropriate, unethical or likely to negatively impact MTC’s reputation or integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC is not liable for any financial inconvenience or consequence as a result of using such discretions to cancel, limit or refuse an instruction from a Client.

Discretions. MTC LCM reserves the right to exercise certain discretions in respect of Client trading and Account management. In this regard, MTC LCM will consider our commercial objectives, regulatory considerations and ethical obligations as a dealerobligations. These discretions include, but are in no way limited to a right to: •  Refuse any application for an Account without cause •  Call for funds or security where we consider it would make commercial sense to do so (refer Clause 7.4) •  Refuse to accept any trades placed by the Client that we judge to be clearly outside the prevailing market price such that they may be deemed non-market price transactions, whether due to manifest human error or stale/incorrect/broken price feeds. Where we have opened or closed a trade before becoming aware of the price disparity, we may at our absolute discretion either treat that trade as void or accept that trade at the prevailing Market price •  Determine Commission rates and financing charges, •  Decline the Client’s Client‟s instructions or cancel any Order or instruction without reason, where: i) dealing or trading has been suspended or halted for any reason whatsoever or any other event considered by MTC LCM to constitute an emergency has occurred or is, in MTC’s LCM‟s opinion, likely to occur and the Client has not reconfirmed instructions; or ii) in MTC’s LCM‟s opinion, the Order is likely to breach Rules, Regulations or legislation or terms of this Agreement; or iii) in MTC’s LCM‟s opinion, the Order is likely to be inappropriate, unethical or likely to negatively impact MTC’s LCM‟s reputation or integrity in the market with their partners, affiliates, prime brokers, liquidity providers or create a disorderly market. MTC LCM is not liable for any financial inconvenience or consequence as a result of using such discretions to cancel, limit or refuse an instruction from a Client.