2 Terms of Agreement Client Trading Agreement In consideration of First Private Equity Group (FPEG) accepting the account (the "Account"), the Client (the "Client") agrees: 1. That this Agreement is in respect to all Security transactions in the Account of the Client. This Agreement is in respect of all transactions in the Account of the Client, including accounts previously opened. opened in the future or from time to time closed and then reopened or renumbered; that the word "Securities- shall include all Securities generally so-called and in particular shall include equities. bonds, debentures, notes, options, warrants, rights. "When Issued" Securities of all kinds and chooses in action of every kind, and all property customarily dealt in by brokers. 2. That every transaction is subject to the constitution, by-laws, rules, regulations and customs of the Exchange upon which the transaction is executed, and to the customs and regulations (now or hereafter in effect), of the applicable Clearing Corporations including, without limitation, position limits and exercise limits, and if not executed upon any exchange to the by-laws, rules. and regulations and customs of any market association of brokers or dealers made applicable thereto by any law or agreement. 3. That the Client shall pay any and all commissions to FPEG in respect of all purchases and sales of Securities in the Client account. 4. That FPEG operates on a flat one percent (1) commission on both entry and exit trades. Entrance commission will be added to the total amount payable. Receipt of funds that is short of trade value, inclusive of commission, will be deemed to have paid commission but left the remaining portion of the trade unpaid. II the client executes a sell order through a third party. the exit commission agreed to be paid to FPEG will be deemed to be standing and indebted accordingly. 5. That FPEG shall not be responsible for any delays in bringing the Client's order to market, including delays caused by failure of communication services or equipment or by excess volume of trading. FPEG shall not be responsible for the accuracy of any quotation or market information given to the Client. FPEG shall not be responsible for any loss or damage incurred as a result of a trade made upon the advice of any employee of FPEG or as a result of the cancellation or change of an existing order not reaching the trading point prior to execution of the order to be cancelled or changed. 6. That as part of FPEG's service directive, the account managers of FPEG undertakes to keep the Client informed throughout the process of the trade, keeping the Client abreast of major market movements, and issuing appropriate recommendations when to sea. Ultimate responsibility for the decision to sell is borne by the Client and FPEG will make available specified public and private resources to assist Client preparedness. 7. That for said securities that return a dividend on investment, the company will seek returns and destination of that dividend by remittance to an account of the clients' choice/approval. 8. That upon encashment of any security or cancellation of the clients' account the client at his/her request may have funds directed to an account of choice subject to the client providing all necessary references to execute the request. 9. That FPEG, its and their respective directors, officers or employees may at any time or from time to time have a position in any or all Securities being traded on behalf of FPEG's Ghent, and that FPEG will, if trading in the same Securities, at the same time as the Client, undertake to accord the Client's order priority in accordance with existing rules and regulations of the exchange or market where the order is being executed. . 10. The Client acknowledges and consents that FPEG is required to report any position that is in violation to the regulatory authorities. 11. That every transaction indicated or referred to by FPEG in any notice, statement, confirmation or other communication, and every statement of account shall be deemed and treated as authorized and correct and as ratified and confirmed by the Client unless FPEG shall actually receive at FPEG's Head Office written notice to the contrary within forty-five (45) days from the time such notice, statement, confirmation or other communication was sent by FPEG to the Client by mail or through any other method of delivery. Until otherwise instructed in writing, FPEG will send all such documents to the Client at the permanent address of the Client. 5 EFTA01237714