Common use of MARGINS AND DEPOSIT REQUIREMENTS Clause in Contracts

MARGINS AND DEPOSIT REQUIREMENTS. Customer shall provide to and maintain with AXECAP GLOBAL LIMITED margin in such amounts and in such forms as AXECAP GLOBAL LIMITED, in its sole discretion, may require. Such margin requirements may be greater or less than margins required by a counter party bank. AXECAP GLOBAL LIMITED may change margin requirements at any time. Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to AXECAP GLOBAL LIMITED, such additional margin when and as required by AXECAP GLOBAL LIMITED and will promptly meet all margin calls in such mode of transmission as AXECAP GLOBAL LIMITED in its sole discretion designates. AXECAP GLOBAL LIMITED may at any time proceed to liquidate Customer’s account and any failure by AXECAP GLOBAL LIMITED to enforce its rights hereunder shall not be deemed a waiver by AXECAP GLOBAL LIMITED to enforce its rights thereafter. AXECAP GLOBAL LIMITED retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at AXECAP GLOBAL LIMITED, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion. AXECAP GLOBAL LIMITED will attempt to execute all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer’s. AXECAP GLOBAL LIMITED reserves the right to refuse to accept any order. However, AXECAP GLOBAL LIMITED shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of AXECAP GLOBAL LIMITED including, without limitation, loss or damage CUSTOMER AGREEMENT 5 resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities. In the event that Customer directs AXECAP GLOBAL LIMITED to sell any margin, collateral, contract or other property and AXECAP GLOBAL LIMITED is unable to deliver such margin, collateral, contract or other property to a purchaser because Customer fails to deliver it to AXECAP GLOBAL LIMITED, AXECAP GLOBAL LIMITED may borrow or purchase any margin, collateral, contract or property necessary to make such delivery, and Customer hereby agrees to guarantee and hold AXECAP GLOBAL LIMITED harmless against any liability, claim, loss, damage, cost or expense, including attorneys’ fees that AXECAP GLOBAL LIMITED may sustain.

MARGINS AND DEPOSIT REQUIREMENTS. Customer shall provide to and maintain with AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED margin in such amounts and in such forms as AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED, in its sole discretion, may require. Such margin requirements may be greater or less than margins required by a counter party bank. AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED may change margin requirements at any time. Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED, such additional margin when and as required by AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED and will promptly meet all margin calls in such mode of transmission as AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED in its sole discretion designates. AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED may at any time proceed to CUSTOMER AGREEMENT 5 liquidate Customer’s account and any failure by AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED to enforce its rights hereunder shall not be deemed a waiver by AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED to enforce its rights thereafter. AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion. AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED will attempt to execute all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer’s. AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED reserves the right to refuse to accept any order. However, AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED including, without limitation, loss or damage CUSTOMER AGREEMENT 5 resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities. In the event that Customer directs AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED to sell any margin, collateral, contract or other property and AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED is unable to deliver such margin, collateral, contract or other property to a purchaser because Customer fails to deliver it to AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED, AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED may borrow or purchase any margin, collateral, contract or property necessary to make such delivery, and Customer hereby agrees to guarantee and hold AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED harmless against any liability, claim, loss, damage, cost or expense, including attorneys’ fees that AXECAP GLOBAL HILLTOP BOLSA INTERNATIONAL LIMITED may sustain.

MARGINS AND DEPOSIT REQUIREMENTS. Customer shall provide to and maintain with AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD margin in such amounts and in such forms as AXECAP GLOBAL LIMITEDCYBER FUTURES INTERNATIONAL LTD, in its sole discretion, may require. Such margin requirements may be greater or less than margins required by a counter party bank. AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD may change margin requirements at any time. Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to AXECAP GLOBAL LIMITEDCYBER FUTURES INTERNATIONAL LTD, such additional margin when and as required by AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD and will promptly meet all margin calls in such mode of transmission as AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD in its sole discretion designates. AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD may at any time proceed to liquidate Customer’s account and any failure by AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD to enforce its rights hereunder shall not be deemed a waiver by AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD to enforce its rights thereafter. AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at AXECAP GLOBAL LIMITEDCYBER FUTURES INTERNATIONAL LTD, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion. AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD will attempt to execute all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer’s. AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD reserves the right to refuse to accept any order. However, AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD including, without limitation, loss or damage CUSTOMER AGREEMENT 5 resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities. In the event that Customer directs AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD to sell any margin, collateral, contract or other property and AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD is unable to deliver such margin, collateral, contract or other property to a purchaser because Customer fails to deliver it to AXECAP GLOBAL LIMITEDCYBER FUTURES INTERNATIONAL LTD, AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD may borrow or purchase any margin, collateral, contract or property necessary to make such delivery, and Customer hereby agrees to guarantee and hold AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD harmless against any liability, claim, loss, damage, cost or expense, including attorneys’ fees that AXECAP GLOBAL LIMITED CYBER FUTURES INTERNATIONAL LTD may sustain.. CUSTOMER AGREEMENT 5

MARGINS AND DEPOSIT REQUIREMENTS. Customer shall provide to and maintain with AXECAP GLOBAL 360TRADEHUB LIMITED margin in such amounts and in such forms as AXECAP GLOBAL 360TRADEHUB LIMITED, in its sole discretion, may require. Such margin requirements may be greater or less than margins required by a counter party bank. AXECAP GLOBAL 360TRADEHUB LIMITED may change margin requirements at any time. Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to AXECAP GLOBAL 360TRADEHUB LIMITED, such additional margin when and as required by AXECAP GLOBAL 360TRADEHUB LIMITED and will promptly meet all margin calls in such mode of transmission as AXECAP GLOBAL 360TRADEHUB LIMITED in its sole discretion designates. AXECAP GLOBAL 360TRADEHUB LIMITED may at any time proceed to liquidate Customer’s account and any failure by AXECAP GLOBAL 360TRADEHUB LIMITED to enforce its rights hereunder shall not be deemed a waiver by AXECAP GLOBAL 360TRADEHUB LIMITED to enforce its rights thereafter. AXECAP GLOBAL 360TRADEHUB LIMITED retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at AXECAP GLOBAL 360TRADEHUB LIMITED, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole CUSTOMER AGREEMENT 4 discretion. AXECAP GLOBAL 360TRADEHUB LIMITED will attempt to execute all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer’s. AXECAP GLOBAL 360TRADEHUB LIMITED reserves the right to refuse to accept any order. However, AXECAP GLOBAL 360TRADEHUB LIMITED shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of AXECAP GLOBAL 360TRADEHUB LIMITED including, without limitation, loss or damage CUSTOMER AGREEMENT 5 resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities. In the event that Customer directs AXECAP GLOBAL 360TRADEHUB LIMITED to sell any margin, collateral, contract or other property and AXECAP GLOBAL 360TRADEHUB LIMITED is unable to deliver such margin, collateral, contract or other property to a purchaser because Customer fails to deliver it to AXECAP GLOBAL LIMITED000XXXXXXXX XXXXXXX, AXECAP GLOBAL 000XXXXXXXX LIMITED may borrow or purchase any margin, collateral, contract or property necessary to make such delivery, and Customer hereby agrees to guarantee and hold AXECAP GLOBAL 360TRADEHUB LIMITED harmless against any liability, claim, loss, damage, cost or expense, including attorneys’ fees that AXECAP GLOBAL 360TRADEHUB LIMITED may sustain.