Common use of STANDING AUTHORITIES Clause in Contracts

STANDING AUTHORITIES. 55.1 In respect of Options listed in Hong Kong where Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules are applicable: 55.1.1 The Client Money Standing Authority covers money held or received by uSMART SG in Hong Kong (including any interest derived from the holding of the money which does not belong to uSMART SG) in one or more segregated account(s) on the Client’s behalf (“Monies”). 55.1.2 The Client authorises uSMART SG to: (a) combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by uSMART SG and uSMART SG may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client’s obligations or liabilities to uSMART SG, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (b) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by uSMART SG. 55.1.3 The Client Securities Standing Authority is in respect of the treatment of the Client’s securities as set out below in this Clause 55. 55.1.4 The Client authorises uSMART SG to deposit the securities with the SEOCH as SEOCH Collateral in respect of XXXX traded stock options resulting from the Client’s Instructions to uSMART SG. 55.1.5 The Client acknowledges and agrees that uSMART SG may do any of the things set out in Clauses 55.1.2 and 55.1.4 without giving the Client notice. 55.1.6 The Client also acknowledges that:- (a) the Client Money Standing Authority is given without prejudice to other authorities or rights which uSMART SG may have in relation to dealing in Monies in the segregated accounts; and (b) the Client Securities Standing Authority shall not affect uSMART SG’s right to dispose or initiate a disposal of by uSMART SG’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SG. 55.1.7 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG must satisfy before the Client’s securities can be returned to the Client. 55.1.8 Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules (as the case may be) referred to in Clause 55.1.10. 55.1.9 Each of the Client Money Standing Authority and the Client Securities Standing Authority may be revoked by Client by giving uSMART SG written notice addressed to the Customer Service Department at uSMART SG’s address specified in the Account Opening Form or such other address which uSMART SG may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of uSMART SG’s actual receipt of such notice. 55.1.10 The Client understands that each of the Client Money Standing Authority and the Client Securities Standing Authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if uSMART SG issues the Client a written reminder at least 14 days prior to the expiry date of the relevant authority, and the Client does not object to such deemed renewal before such expiry date. 55.2 In respect of Options Contracts listed outside Hong Kong and/or any Client money held outside Hong Kong: 55.2.1 The Client authorises uSMART SG to: (a) combine or consolidate any or all Accounts, of any nature whatsoever and either individually or jointly with others, and uSMART SG may transfer any sum of monies to and between such Accounts to satisfy the Client’s obligations or liabilities to uSMART SG, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (b) transfer any sum of monies interchangeably between any of the Accounts. 55.2.2 The Client authorises uSMART SG to deposit the securities with the relevant exchange or clearing house as collateral in respect of Options resulting from the Client’s Instructions to uSMART SG. 55.2.3 The Client acknowledges and agrees that uSMART SG may do any of the things set out in Clauses 55.2.1 and 55.2.2 without giving the Client notice. 55.2.4 The Client also acknowledges that:- (a) the authorisation in this Clause 55.2 is given without prejudice to other authorities or rights which uSMART SG may have in relation to dealing in monies in the accounts; and (b) the authorisation in this Clause 55.2 shall not affect uSMART SG’s right to dispose or initiate a disposal of by uSMART SG’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SG. 55.2.5 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG must satisfy before the Client’s securities can be returned to the Client.

STANDING AUTHORITIES. 55.1 56.1 In respect of Options listed in Hong Kong where Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules are applicable: 55.1.1 56.1.1 The Client Money Standing Authority covers money held or received by uSMART SG USPL in Hong Kong (including any interest derived from the holding of the money which does not belong to uSMART SGUSPL) in one or more segregated account(s) on the Client’s behalf (“Monies”). 55.1.2 56.1.2 The Client authorises uSMART SG USPL to: (a) combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by uSMART SG USPL and uSMART SG USPL may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client’s obligations or liabilities to uSMART SGUSPL, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (b) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by uSMART SGUSPL. 55.1.3 56.1.3 The Client Securities Standing Authority is in respect of the treatment of the Client’s securities as set out below in this Clause 5556. 55.1.4 56.1.4 The Client authorises uSMART SG USPL to deposit the securities with the SEOCH as SEOCH Collateral in respect of XXXX SEHK traded stock options resulting from the Client’s Instructions instructions to uSMART SGUSPL. 55.1.5 56.1.5 The Client acknowledges and agrees that uSMART SG USPL may do any of the things set out in Clauses 55.1.2 56.1.2 and 55.1.4 56.1.4 without giving the Client notice. 55.1.6 56.1.6 The Client also acknowledges that:- (a) the Client Money Standing Authority is given without prejudice to other authorities or rights which uSMART SG USPL may have in relation to dealing in Monies in the segregated accounts; and (b) the Client Securities Standing Authority shall not affect uSMART SGUSPL’s right to dispose or initiate a disposal of by uSMART SGUSPL’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SGUSPL. 55.1.7 56.1.7 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG USPL must satisfy before the Client’s securities can be returned to the Client. 55.1.8 56.1.8 Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules (as the case may be) referred to in Clause 55.1.1056.1.10. 55.1.9 56.1.9 Each of the Client Money Standing Authority and the Client Securities Standing Authority may be revoked by Client by giving uSMART SG USPL written notice addressed to the Customer Service Department at uSMART SGUSPL’s address specified in the Account Opening Form or such other address which uSMART SG USPL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of uSMART SGUSPL’s actual receipt of such notice. 55.1.10 56.1.10 The Client understands that each of the Client Money Standing Authority and the Client Securities Standing Authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if uSMART SG USPL issues the Client a written reminder at least 14 days prior to the expiry date of the relevant authority, and the Client does not object to such deemed renewal before such expiry date. 55.2 56.2 In respect of Options Contracts listed outside Hong Kong and/or any Client money held outside Hong Kong: 55.2.1 56.2.1 The Client authorises uSMART SG USPL to: (a) combine or consolidate any or all Accounts, of any nature whatsoever and either individually or jointly with others, and uSMART SG USPL may transfer any sum of monies to and between such Accounts to satisfy the Client’s obligations or liabilities to uSMART SGUSPL, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (b) transfer any sum of monies interchangeably between any of the Accounts. 55.2.2 56.2.2 The Client authorises uSMART SG USPL to deposit the securities with the relevant exchange or clearing house as collateral in respect of Options resulting from the Client’s Instructions instructions to uSMART SGUSPL. 55.2.3 56.2.3 The Client acknowledges and agrees that uSMART SG USPL may do any of the things set out in Clauses 55.2.1 56.2.1 and 55.2.2 56.2.2 without giving the Client notice. 55.2.4 56.2.4 The Client also acknowledges that:- (a) the authorisation in this Clause 55.2 56.2 is given without prejudice to other authorities or rights which uSMART SG USPL may have in relation to dealing in monies in the accounts; and (b) the authorisation in this Clause 55.2 56.2 shall not affect uSMART SGUSPL’s right to dispose or initiate a disposal of by uSMART SGUSPL’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SGUSPL. 55.2.5 56.2.5 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG USPL must satisfy before the Client’s securities can be returned to the Client.

STANDING AUTHORITIES. 55.1 18.1. In respect of Options listed in Hong Kong the Services provided under this Agreement, where Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules are applicable: 55.1.1 (a) The Client Money Standing Authority covers money held or received by uSMART SG GTJAS in Hong Kong (including any interest derived from the holding of the money which does not belong to uSMART SGGTJAS) in one or more segregated account(s) on the Client’s behalf (“Monies”). 55.1.2 (b) The Client authorises uSMART SG authorizes GTJAS to: (ai) combine or consolidate any or all segregated accountsAccounts, of any nature whatsoever and either individually or jointly with others, maintained by uSMART SG and uSMART SG GTJAS may transfer any sum of Monies to and between such segregated account(s) Accounts to satisfy the Client’s obligations or liabilities to uSMART SGGTJAS, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (bii) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by uSMART SGAccounts. 55.1.3 (c) The Client Securities Standing Authority is in respect of the treatment of the Client’s securities as set out below in this Clause 5518. 55.1.4 (d) The Client authorises uSMART SG authorizes GTJAS to deposit the securities with the SEOCH relevant exchange or clearing house as SEOCH Collateral collateral in respect of XXXX traded stock options any US Securities Trading resulting from the Client’s Instructions instructions to uSMART SGGTJAS. 55.1.5 (e) The Client acknowledges and agrees that uSMART SG GTJAS may do any of the things set out in Clauses 55.1.2 18.1 (a), (b), (c) and 55.1.4 (d) without giving the Client notice. 55.1.6 (f) The Client also acknowledges that:- (ai) the Client Money Standing Authority is given without prejudice to other authorities or rights which uSMART SG GTJAS may have in relation to dealing in Monies in the segregated accountsAccounts; and (bii) the Client Securities Standing Authority shall not affect uSMART SG’s GTJAS’ right to dispose or initiate a disposal of by uSMART SG’s GTJAS’ associated entity (as defined in the SFO) of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SGGTJAS. 55.1.7 (g) The Client understands that a third party may have rights to the Client’s securities, which uSMART SG GTJAS must satisfy before the Client’s securities can be returned to the Client. 55.1.8 (h) Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules (as the case may be) referred to in Clause 55.1.1018.1(j). 55.1.9 (i) Each of the Client Money Standing Authority and the Client Securities Standing Authority may be revoked by Client by giving uSMART SG GTJAS written notice addressed to the Customer Service Department at uSMART SG’s GTJAS’ address specified in the Account Opening Form or such other address which uSMART SG GTJAS may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of uSMART SG’s GTJAS’ actual receipt of such notice. 55.1.10 (j) The Client understands that each of the Client Money Standing Authority and the Client Securities Standing Authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if uSMART SG GTJAS issues the Client a written reminder at least 14 days prior to the expiry date of the relevant authority, and the Client does not object to such deemed renewal before such expiry date. 55.2 In respect of Options Contracts listed outside Hong Kong and/or any Client money held outside Hong Kong: 55.2.1 The Client authorises uSMART SG to: (a) combine or consolidate any or all Accounts, of any nature whatsoever and either individually or jointly with others, and uSMART SG may transfer any sum of monies to and between such Accounts to satisfy the Client’s obligations or liabilities to uSMART SG, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (b) transfer any sum of monies interchangeably between any of the Accounts. 55.2.2 The Client authorises uSMART SG to deposit the securities with the relevant exchange or clearing house as collateral in respect of Options resulting from the Client’s Instructions to uSMART SG. 55.2.3 The Client acknowledges and agrees that uSMART SG may do any of the things set out in Clauses 55.2.1 and 55.2.2 without giving the Client notice. 55.2.4 The Client also acknowledges that:- (a) the authorisation in this Clause 55.2 is given without prejudice to other authorities or rights which uSMART SG may have in relation to dealing in monies in the accounts; and (b) the authorisation in this Clause 55.2 shall not affect uSMART SG’s right to dispose or initiate a disposal of by uSMART SG’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SG. 55.2.5 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG must satisfy before the Client’s securities can be returned to the Client.

STANDING AUTHORITIES. 55.1 16.1. In respect of Options listed in Hong Kong where Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules are applicable: 55.1.1 (a) The Client Money Standing Authority covers money held or received by uSMART SG GTJAS in Hong Kong (including any interest derived from the holding of the money which does not belong to uSMART SGGTJAS) in one or more segregated account(s) on the Client’s 's behalf (“Monies”). 55.1.2 (b) The Client authorises uSMART SG authorizes GTJAS to: (ai) combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by uSMART SG GTJAS and uSMART SG GTJAS may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client’s 's obligations or liabilities to uSMART SGGTJAS, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (bii) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by uSMART SGGTJAS. 55.1.3 (c) The Client Securities Standing Authority is in respect of the treatment of the Client’s 's securities as set out below in this Clause 5516. 55.1.4 (d) The Client authorises uSMART SG authorizes GTJAS to deposit the securities with the SEOCH as SEOCH Collateral in respect of XXXX SEHK traded stock options resulting from the Client’s Instructions 's instructions to uSMART SGGTJAS. 55.1.5 (e) The Client acknowledges and agrees that uSMART SG GTJAS may do any of the things set out in Clauses 55.1.2 16.1(b) and 55.1.4 (d) without giving the Client notice. 55.1.6 (f) The Client also acknowledges that:- (ai) the Client Money Standing Authority is given without prejudice to other authorities or rights which uSMART SG GTJAS may have in relation to dealing in Monies in the segregated accounts; and (bii) the Client Securities Standing Authority shall not affect uSMART SG’s GTJAS's right to dispose or initiate a disposal of by uSMART SG’s GTJAS's associated entity of the Client’s 's securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SGGTJAS. 55.1.7 (g) The Client understands that a third party may have rights to the Client’s 's securities, which uSMART SG GTJAS must satisfy before the Client’s 's securities can be returned to the Client. 55.1.8 (h) Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules (as the case may be) referred to in Clause 55.1.1016.1(j). 55.1.9 (i) Each of the Client Money Standing Authority and the Client Securities Standing Authority may be revoked by Client by giving uSMART SG GTJAS written notice addressed to the Customer Service Department at uSMART SG’s GTJAS's address specified in the Account Opening Form or such other address which uSMART SG GTJAS may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of uSMART SG’s GTJAS's actual receipt of such notice. 55.1.10 (j) The Client understands that each of the Client Money Standing Authority and the Client Securities Standing Authority shall be deemed to be renewed on a continuing basis without the Client’s 's written consent if uSMART SG GTJAS issues the Client a written reminder at least 14 days prior to the expiry date of the relevant authority, and the Client does not object to such deemed renewal before such expiry date. 55.2 16.2. In respect of Options Contracts listed outside Hong Kong and/or any Client money held outside Hong Kong: 55.2.1 (a) The Client authorises uSMART SG authorizes GTJAS to: (ai) combine or consolidate any or all Accounts, of any nature whatsoever and either individually or jointly with others, and uSMART SG GTJAS may transfer any sum of monies to and between such Accounts to satisfy the Client’s 's obligations or liabilities to uSMART SGGTJAS, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and (bii) transfer any sum of monies interchangeably between any of the Accounts. 55.2.2 (b) The Client authorises uSMART SG authorizes GTJAS to deposit the securities with the relevant exchange or clearing house as collateral in respect of Options resulting from the Client’s Instructions 's instructions to uSMART SGGTJAS. 55.2.3 (c) The Client acknowledges and agrees that uSMART SG GTJAS may do any of the things set out in Clauses 55.2.1 16.2(a) and 55.2.2 (b) without giving the Client notice. 55.2.4 (d) The Client also acknowledges that:- (ai) the authorisation authorization in this Clause 55.2 16.2 is given without prejudice to other authorities or rights which uSMART SG GTJAS may have in relation to dealing in monies in the accounts; and (bii) the authorisation authorization in this Clause 55.2 16.2 shall not affect uSMART SG’s GTJAS's right to dispose or initiate a disposal of by uSMART SG’s GTJAS's associated entity of the Client’s 's securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SGGTJAS. 55.2.5 (e) The Client understands that a third party may have rights to the Client’s 's securities, which uSMART SG GTJAS must satisfy before the Client’s 's securities can be returned to the Client.