Common use of Over-The-Counter Transaction Clause in Contracts

Over-The-Counter Transaction. In relation to any Client’s Instructions for Over-The-Counter (“OTC”) transactions between the Client and other third parties, including without limitation trading of any new Securities before their listing on the relevant exchange, entered or to be entered into by the Client, the Client acknowledges and agrees that: (a) subject to clause 5.1 above, GTJAS is acting as agent for the Client and does not guarantee the settlement of such OTC transactions; (b) the Client’s orders may be partially executed or not executed at all. Trades executed will be cancelled and void at Client’s costs and expenses if the relevant securities subsequently fail to list on the relevant exchange; (c) in the event that the Client in selling any Securities fails to deliver such Securities, GTJAS is entitled to purchase in the market (at the prevailing market price) the relevant Securities required for delivery in respect of such sale effected for the Client in order to complete the settlement of the relevant transaction. The Client shall bear all costs, expenses and losses arising out of or in connection with such transaction; (d) in the event that (1) the Client buys Securities from a seller and such seller fails to deliver the relevant Securities and

Over-The-Counter Transaction. In relation to any Client’s Instructions for Over-The-Counter (“OTC”) transactions between the Client and other third parties, including without limitation trading of any new Securities before their listing on the relevant exchange, entered or to be entered into by the Client, the Client acknowledges and agrees that: (a) subject to clause 5.1 above, GTJAS USL is acting as agent for the Client and does not guarantee the settlement of such OTC transactions; (b) the Client’s orders may be partially executed or not executed at all. Trades executed will be cancelled and void at Client’s costs and expenses if the relevant securities security subsequently fail fails to list on the relevant exchange; (c) in the event that the Client in selling any Securities fails to deliver such Securities, GTJAS USL is entitled to purchase in the market (at the prevailing market price) the relevant Securities required for delivery in respect of such sale effected for the Client in order to complete the settlement of the relevant transaction. The Client shall bear all costs, expenses and losses arising out of or in connection with such transaction; (d) ; in the event that (1) the Client buys Securities from a seller and such seller fails to deliver the relevant Securities and

Over-The-Counter Transaction. In relation to any Client’s Instructions for Over-The-Counter (“OTC”) transactions between the Client and other third parties, including without limitation trading of any new Securities before their listing on the relevant exchange, entered or to be entered into by the Client, the Client acknowledges and agrees that: (a) subject to clause 5.1 above, GTJAS is acting as agent for the Client and does not guarantee the settlement of such OTC transactions; (b) the Client’s orders may be partially executed or not executed at all. Trades executed will be cancelled and void at Client’s costs and expenses if the relevant securities security subsequently fail fails to list on the relevant exchange; (c) in the event that the Client in selling any Securities fails to deliver such Securities, GTJAS is entitled to purchase in the market (at the prevailing market price) the relevant Securities required for delivery in respect of such sale effected for the Client in order to complete the settlement of the relevant transaction. The Client shall bear all costs, expenses and losses arising out of or in connection with such transaction; (d) in the event that (1) the Client buys Securities from a seller and such seller fails to deliver the relevant Securities and