Common use of Transactions and Settlements Clause in Contracts

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member’s ITORS System via the Client’s Username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member’s ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Trading Member’s ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the Trading Member. 4.4 Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s ITORS System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member’s ITORS System.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading MemberMSTL’s ITORS System system via the Client’s Username username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member MSTL may from time to time impose and vary limits on the orders which that the Client can place through the Trading MemberMSTL’s ITORS System system (including exposure limits, turnover limits, limits as to the number, value and/or and / or kind of securities in respect of which orders can be placedplaced , the companies in respect of whose securities orders can be placedplaced , etc.)) . The Client client is aware and agrees that the Trading Member MSTL may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading MemberMSTL’s risk perception and other factors considered relevant by the Trading Member, MSTL and the Trading Member MSTL may be unable to inform the Client of client such variationvariation , reduction or imposition in advance. The Client the client agrees that the Trading Member MSTL shall not be responsible for such variationvariation , reduction or imposition or the Client’s client ‘s inability to route any order through the Trading MemberMSTL’s ITORS System system on account of any such variationvariation , reduction or imposition of limits. The limits .The Client understands and agrees that the Trading Member MSTL may at any time, at its sole discretion , and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the Trading MemberMSTL. 4.4 Though orders will generally be routed to the Exchange’s Exchange ‘s computer systems within a few seconds from the time the order is placed by the Client client on the Trading MemberMSTL’s ITORS Systemsystem , the Trading Member MSTL shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member mayMSTL may , at its sole discretion, subject to any order placed by a Client to manual review and entryentry , which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market orderorder , the Client client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading MemberMSTL’s ITORS Systemsystem. 4.7 MSTL shall also send the order/trade confirmation slip through E-mail to the CLIENT at his request within the prescribed time period from the time of execution of order/trade on system, as the case may be. The client agrees that the information sent by MSTL by E- mail is deemed to be a valid delivery of such information by MSTL.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member’s stock broker‟s ITORS System via the Client’s Client‟s Username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member stock broker may from time to time impose and vary limits on the orders which that the Client can place through the Trading Member’s stock broker‟s ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member stock broker may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s stock broker‟s risk perception and other factors considered relevant by the Trading Memberstockbroker, and the Trading Member stock broker may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member stock broker shall not be responsible for such variation, reduction or imposition or the Client’s Client‟s inability to route any order through the Trading Member’s stock broker‟s ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member stockbroker may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s Client‟s ability to place orders or trade in securities through the Trading Memberstockbroker. 4.4 Though orders will generally be routed to the Exchange’s Exchange‟s computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s stock broker‟s ITORS System, the Trading Member stock broker shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member stock broker may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s Client‟s order or may result in the rejection of such an order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s exchange‟s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member’s stock broker‟s ITORS System.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities commodities and other instructions routed through the Trading Membercommodity broker’s ITORS System via the Client’s Username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member commodity broker may from time to time impose and vary limits on the orders which that the Client can place through the Trading Membercommodity broker’s ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities commodities in respect of which orders can be placed, the companies commodity in respect of whose securities contract orders can be placed, etc.). The Client is aware and agrees that the Trading Member commodity broker may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Membercommodity broker’s risk perception and other factors considered relevant by the Trading Membercommodity broker, and the Trading Member commodity broker may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member commodity broker shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Trading Membercommodity broker’s ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member commodity broker may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities commodities through the Trading Membercommodity broker. 4.4 Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on the Trading Membercommodity broker’s ITORS System, the Trading Member commodity broker shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member commodity broker may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security commodity is trading when his order is entered into the Trading Membercommodity broker’s ITORS System.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member’s ITORS IBT System via the Client’s Username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member’s ITORS IBT System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Trading Member’s ITORS IBT System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the Trading Member. 4.4 Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s ITORS IBT System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member’s ITORS IBT System.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Traidng Member’s ITORS System via the Client’s Username shall be deemed to have been given by the Client. 4.2 The he orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The he Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member’s ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Trading Member’s ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade tarde in securities through the Trading Member. 4.4 Though though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s ITORS System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different different from the price at which the security is trading when his order is entered into the Trading Member’s ITORS System.Trading

Transactions and Settlements. 4.1 A. All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member’s 's ITORS System via the Client’s 's Username shall be s h a l l b e deemed to have been given by the Client. 4.2 B. The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 C. The Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member’s 's ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s 's risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such s u c h variation, reduction or imposition or the Client’s 's inability to route any order through the Trading Member’s 's ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s 's ability to place orders or trade in securities through the Trading Member. 4.4 D. Though orders will generally be routed to the Exchange’s 's computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s 's ITORS System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 E. The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s 's order or may result in rejection of such order. 4.6 F. In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s 's computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member’s 's ITORS System.

Transactions and Settlements. 4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member’s ITORS System via the Client’s Username shall be deemed to have been given by the Client. 4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange Provisions. 4.3 The Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member’s ITORS System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member’s risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Trading Member’s ITORS System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the Trading Member.such 4.4 Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on the Trading Member’s ITORS System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. 4.5 The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client’s order or may result in rejection of such order. 4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member’s ITORS System.Trading