盈富金汇有限公司

WEALTH GOLD GROUP COMPANY

客户协议书

CLIENT AGREEMENT

香港九龙观塘伟业街223-231号宏利金融中心A座16楼1603-1604A室

Units 1603-1604A, 16/F, Tower A, Manulife Financial Centre, No.223-231 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong

电话号码 Tel：(852) 3719 9945 传真号码 Fax：(852) 3691 9730 电邮 E-mail：cs@wgold.hk

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风险披露声明

此声明并不披露关于贵金属（黄金及白银）的所有风险及其它重要事项。鉴于

有关风险，客户在开始进行贵金属交易之前，应该清楚了解有关交易性质和风

险程度，并知悉贵金属交易并不适合一般投资者。客户必须根据其个人的投资

经验、目的、财政状况和风险承受能力等相关因素仔细考虑贵金属交易是否适

合客户本人。客户在开户及开始交易前应该咨询法律及其它独立的专业意见。

贵金属交易所带来的风险

1. 杠杆式效应

贵金属交易带有相当高的风险。此类交易属于杠杆式交易，意指透过杠杆比例，

藉以让客户可以极低的初始保证金来控制金额极高的交易合约。即使市场上出

现任何变动也会对客户已经或将要存入的资金造成极大的影响，这对客户也许

有好的影响也有可能是坏的影响。客户有机会可能会为了保持客户的头寸，而

在客户存入本公司的初始保证金及任何追加资金上承受损失。如果市场变动对

客户不利或者保证金水平提高，客户有机会未能及时追加保证金来维持客户的

头寸而在亏损的情况下被强制平仓，客户将必须对由此造成的亏损负责。

2. 减少风险的指令

损失限制在特定金额的指令（例如“止损限价”指令）有可能并不见效或无法

执行。如果订单是停损限价单，无法保证订单能以限价执行或会执行。此外，

一些使用头寸合并的策略，例如差价或同价对敲或许与单做“长仓＂或“短仓＂

存在有相同的风险。

其他贵金属交易的额外风险

3. 贵金属交易的条件与条款

客户必须清楚理解买卖贵金属的条件与条款及其义务。

4. 电子交易

通过电子交易系统进行的交易，在传送和接收客户指示或其他数据时可能出现

延误，在执行客户指令时亦可能出现延误或以有别于客户所发出指示之价格执

行其指示，通讯设施亦可能出现故障或传输中断。客户将面临该系统带来的相

关风险，包括硬件和软件的故障。系统故障可能造成客户的订单难以按照客户

的指示执行，甚至根本不能执行。因此，客户承认并接受，由于无法预计的通

讯阻塞或其他原因，电子传送不一定是一种可靠之通讯方法，客户须承担因通

讯误解、错误及其一切相关的风险。

5. 交易设施

大部分电子交易的设施是由以计算机为基础的系统来支持处理交易指令传递、

执行、配对、登记和交易结算的。该类系统易受到临时故障的影响。客户收回

某些损失的能力可能受制于系统提供者、市场、清算所等的有限度责任。这些

有限度责任可能是各有不同的。

6. 交易所场外交易

在某些司法管辖区，且仅在限定的情形下，公司可被允许进行场外交易，为客

户进行交易的公司可能是客户的交易对手。盈富金汇有限公司在很多贵金属交

易中是客户的直接交易对手。盈富金汇有限公司有权拒绝接受或保证任何订单。

所以平仓、评估价值、确定公平价格或评估风险可能很困难或不可能。鉴于这

些原因，这类交易可能涉及更大的风险。场外交易可能受到较少的监管或受管

于不同的监管体系。客户在开始交易之前，应该清楚了解适用的规定和相关风

险。

7. 暂停或限制交易与定价的关系

市场状况以及 / 或某些市场的运作条例（例如由于停市造成的任何贵金属暂

停交易），有可能增加客户损失的风险，因为完成交易或平仓等交易指令有机

会已经变得很困难或不可能。此外，相关资产与贵金属的正常价格关系可能不

存在，缺乏相关资产的参考价格，因此很难评估或确定“公平”价格。

8. 在其他司法管辖区的交易

在其他司法管辖区市场（包括正式连接到本地市场的市场）进行的交易可能使

客户面临其他风险。在那些市场的规定下，投资者受到的保障可能不同或甚至

会减低对投资者的保障。在开始交易前客户应该询问任何与客户交易有关的规

定，并了解本身所在地及其他司法管辖区可得到的补偿。

9. 存放的现金与财物

客户必须确认，将金钱或其他财产交由盈富金汇、其代表或其授权人保管均附

有风险。客户须熟悉各种有关客户为进行当地或外地交易存放的金钱与财产有

哪些保障，特别是在公司面临财困或破产的时候。客户可收回现金与财产的程

度，是受制于特定法例或当地的规则或可能严重延迟。此为客户须准备承受之

风险。

10. 交易佣金与其他收费

客户在开始交易之前，应该了解清楚客户将支付的所有佣金、费用及其它收费。

这些收费将会影响客户可能有的盈利或增加客户的损失。客户明白贵金属账户

不是作存款用途而且无利息收益 。

代理经纪人披露

盈富金汇有限公司（以下简称「本公司」）和代理经纪人完全独立，本公司没

有监管其代理经纪人的活动，并不对代理经纪人作出的声明负责。本公司和代

理经纪人直接的协议并不建立合伙或合资机构关系，因此代理经纪人不是本公

司的代表或职员，并无权代表本公司进行交涉或采取任何其他行为：

1. 客户理解并同意如果客户在本公司的账户是由代理经纪人介绍而来，该代

理经纪人可以查阅客户的个人资料和其他有关客户在本公司账户交易活

动的数据。代理经纪人有权进入客户的本公司账户，但不得以客户的本公

司账户进行任何交易，除非客户通过书面协议授权该代理经纪人代表客户

交易。

2. 客户理解并确认本公司可能对代理经纪人给予报酬，此类报酬可能按照每

笔交易或其他方式给予。此报酬有可能需要扩大给客户的点差。本公司更

保留向客户收取佣金及相关手续费的权利。此外，客户有权获准确地告知

该点差收费、佣金或手续费的详细内容。

3. 客户理解经由代理经纪人或第三方处理的客户资金，只要不在本公司的管

理、保管或控制范围，本公司均不需承担任何责任 。

4. 客户理解代理经纪人或其他出售 / 提供交易系统，课程、程序、研究或建

议的第三者是与本公司没有关联，该服务是不受政府机构监管。本公司绝

不对客户使用该信息或建议带来的损失负责。

5. 客户在此确认，同意和理解贵金属交易所带来的一切风险，同时明白通过

任何第三者的交易系统、课程、程序、或由代理经纪人提供的研究或建议

进行的交易并不一定带来盈利，避免风险或限制风险。

6. 客户确认本公司及与其代理经纪人未就客户未来的盈亏作出任何许诺。客

户明白贵金属交易带有相当高的风险，客户必须细阅上述的<<风险披露声

明>>。

7. 对于客户已经或将会从代理经纪人或其他任何第三方获得的信息或建议，

本公司不能控制，也不会支持或担保其信息及建议的准确性或完备性。

8. 本公司不支持或担保代理经纪人所提供之服务，由于代理经纪人不是本公

司的职员，因为客户有责任在接受该代理经纪人的服务前严格评估该代理

经纪人。

9. 客户声明及保证其并非美国公民╱居民（作为缴税或其他目的），亦并非

以其他方式就任何目的而言与美国有所关联，亦并非以代表任何美国公民

╱居民╱实体的代理人身份行事。倘若上述之声明及保证有任何改变，客

户承诺在该改变时立即以书面通知本公司。

客户告鉴

本协议具有法律约束力，请仔细审阅 。

本法律合约乃由盈富金汇有限公司（以下简称「本公司」）；一家在香港特别

行政区法律下成立的有限公司，其后继人或转让人，与本文档的合同方（以下

简称「客户」）共同订立。

有关在本公司开设账户通过贵金属场外OTC市场从事投机及或购买、及或卖出

现货贵金属（以下简称「OTCGOLD」），客户确认已了解下述有关杠杆式

OTCGOLD交易的因素，以及提供给客户的风险披露声明。

1. OTCGOLD交易仅适合专业机构或投资经验丰富的人士，其财政状况可以

承受也许远过保证金或存款金价值的损失。

2. OTCGOLD的业务并不需公开喊价。虽然许多场所交易都以计算机为基础

的系统提供报价和实际价格，但这两价格可能会因为市场缺乏流动性而有

所偏差。许多电子交易设施是由以计算机为基础的系统来支持进行交易下

单、执行、配对的，它们易受到临时系统故障的影响。客户收回某些损失

的能力可能受限于系统提供者、银行及／或其他金融机构设定的责任限度，

此限度可能各有不同。

3. 在OTCGOLD市场上，公司不只于交易所场外进行交易。为客户进行交易

的公司盈富金汇有限公司在很多贵金属交易中可能是客户交易的对手。有

可能出现的情况，包括平仓、评估价值、确定公平价值或评估风险披露会

很困难或不可能。鉴于这些原因，这类交易可能涉及更大的风险。场外交

易可能受到较少的监管或受管于不同的监管体系。在开始交易之前，客户

应该了解适用的规定和相关风险。

4. 如果客户在任何电子市场从事交易，客户将面临与该电子交易系统相关的

风险，包括硬件或软件的故障。系统故障可能造成客户的订单难以按照其

指示执行或根本不能执行。

免责条款：

(i) 互联网故障

互联网的运作不在本公司控制范围之内，因此不能确保通过互联网的

接收和发放的信号，客户电子设备的结构或联接的可靠性，本公司绝

不对互联网上交易中出现的通讯故障、错误或延迟负责。

(ii) 市场风险和网上交易

贵金属交易涉及相当大的风险，其并非对每位投资者都适合。请参照

风险披露声明和本协议，了解有关风险的详细资料。虽然网上交易为

客户带来很多方便或更有效率，但它并不降低贵金属交易本身的风险。

因此客户在交易前，须准备承担此风险。

(iii) 密码保护

客户必须将密码保密，确保没有第三方取用其交易设施。客户同意对

所有经电邮或电子交易平台传送来的指示和对所有经由电邮、电子交

易平台、电话或书面向本公司发出的指示确实负责，即使是由第三方

发出，这些指示已和客户密码或客户签名和账户号码认证，根据本公

司的判断相信这是客户表面授权。本公司并没有责任对这个表面权限

作进一步查询，也没有责任因为依据这些表面权限所采取的或不采取

的行动所造成之后果负责。客户须对密码的保密性、安全性及其使用

独自承担责任 。

(iv) 报价错误

倘若报价或成交价出现错误时，本公司对于账户结余相应错误并不负

责。有关错误可能包括但不限于：交易员的错误报价、非国际市场价

之报价、或是任何报价错误（例如由于硬件、软件或者通讯线路或系

统故障导致报价错误或者第三者提供了错误的外部数据）。本公司不

需为错误所导致的账户余额负责，客户下单时需预留足够的时间执行

订单和系统计算所需保证金的时间。若订单的执行价格或订单设定和

市场价格过于接近，这可能会触发其他订单（所有订单类型）或发出

保证金提示。本公司不会对由于系统没有足够时间执行订单或进行运

算所产生的保证金提示、账户结余或账户头寸负责。情况不限于上文，

一旦发生报价或执行错误，本公司保留对有关账户进行必要更正或调

整的权利。对于报价或执行错误而产生的任何争议，本公司将依据绝

对酌情权进行解决。若因此带来任何损失、损害或责任，客户同意予

以赔偿使本公司不会受到任何损失或损害。

(v) 套戥

互联网、联机延误、报价上的误差或报价系统的漏洞有时会造成在本

公司交易平台上的报价无法准确地反映实时市场价格。「套戥」及「剥

头皮」，或因网络连接的延误而利用差价获利的行为，并不能存在于

客户直接向庄家进行买卖的场外交易市场中。本公司不容许客户在本

公司的交易平台上进行此等套戥活动。任何客户利用潜在套戥及「剥

头皮」机会所从事的价格交易可能会被取消。本公司保留权利对涉及

上述交易的账户进行必要的修正和调整。本公司可依据绝对酌情权，

要求交易员进行干预或核准所有下单以及或终止有关客户的账户，而

不需事先通知客户。对「套戥」及「剥头皮」或操控价格而产生的纠

纷，本公司将依据绝对酌情权进行解决。本公司保留冻结客户提款的

权利直至能够完全解决上述的问题为止。于此陈述的任何行动或决议

将不会损害或放弃令本公司对客户和其雇员拥有之任何权力或赔偿。

(vi) 操控价格、执行及平台

本公司绝对严禁以任何形式对其价格、执行及平台进行操控。若本公

司怀疑任何账户从事操控（包括但不限于客户未经本公司批准进行的

第三者交易），本公司保留对账户进行调查及审核等的相关权利，并

从涉嫌账户中扣除由相关活动所赚取的盈利款项。本公司保留对相关

账户进行必要更正或调整的权利。对于涉嫌从事操控的账户，本公司

依据绝对酌情权，要求交易员进行干预、对下单进行核准以及或终止

有关客户的账户。对于由套戥及或操控所产生的任何纠纷，本公司将

依据绝对酌情权进行解决。本公司可依据酌情权决定向任何相关监管

机构或执法机构报告有关事件，而不会就事件报告通知相关客户。于

此处所陈述的任何行动或决议并不免除或损害本公司对客户和其雇

员拥有之任何权利或赔偿。

5. 客户确认购买或卖出贵金属包括进行交割，每次现货交易均自动进账到

客户的账户。所有需要作实货交收的买卖合约，客户必须在发出买卖指

示时，同时以书面通知本公司及得到本公司确定接受方为有效。交收时

间及地点将由市场惯例或本公司酌情决定。本公司有绝对酌情决定权拒

绝执行客户任何买卖指示，而绝不须对拒绝执行买卖指示向客户作出具

体解释或原因。

6. 本公司不能保证客户的交易对手的信誉。本公司只有尽力与有良好声誉

及可靠的机构和清算所进行交易。此外，本公司可能因为交易流动性的

问题，造成贵金属交易停止，使客户不能及时为亏损的头寸进行平仓，

这可能为客户带来相当的损失。本公司不会就这些损失承担任何责任。

7. 本公司的保证金政策可能要求客户提供追加资金以便维持其保证金账户，

客户有义务满足这类保证金要求。否则将可能被自动平仓及造成相应的

损失。本公司还保留拒绝接受订单的权利或提供市场对冲。

8. 如果任何非本公司雇员（下称“第三方”）向客户提供任何关于贵金属

的信息或建议，本公司不能控制或担保其关于贵金属的准确性和完整性，

本公司将决不对客户因使用该信息或建议带来的损失承担任何责任。

9. 如果客户将交易授权或对其账户的管理交予第三方，不论是自主权或非

自主权的方式，本公司将绝不对客户作出的选择负责。本公司不对有关

交易的第三方作出任何声明或保证；本公司不对因为交易第三方的行为

对客户产生的损失负责。因此，若客户授权第三方管理其账户，客户必

须自己承担一切相关风险。如果客户未获本公司同意将交易授权或对其

账户的管理交予第三方，本公司保留对有关账户所有或部份相关的交易

进行取消的权利，而不需事先通知客户。

10. 客户应完全遵守当地有关法例，包括为遵守该等地区或司法管辖权区内

须遵守之任何其他手续而取得政府或相关监管机构之同意，以及因使用

本公司平台进行的交易而需支付当地任何相关税项、关税及其他金额。

客户在本公司平台进行的交易，将被视为该客户向本公司声明及保证已

遵守当地法律及规定。倘客户对相关情况有疑问，客户应在开户及开始

交易前应该咨询法律及其它独立的专业意见。

11. 所有客户必须意识到任何回报是非保证的。此外，本公司不对任何本公

司、其雇员及/ 或关联人作出的指称或保证负责。

客户协议

本公司同意客户开设一个或多个账户，并不时向客户提供有关买卖OTCGOLD

（如上文客户告鉴中所界定），该买卖可能通过或透过客户的账户进行。客户

作出下列同意：

1. 字词释义及标题

“本公司”或 “盈富金汇”一词包括盈富金汇有限公司，其部份，继承人和

转让人。“客户”一词指订立本协议的一方。如客户为个人，则包括客户本人，

其遗嘱执行人及遗产管理人；如客户为有限公司，则包括该公司及继承人。如

客户为合伙公司，则包括客户账户保持有效时的合伙人、其遗嘱执行人及遗产

管理人。“协议”一词指客户与本公司就有关账户（等）之开设、维持及运作

而订立且不时修定之协议或给予的授权，其中包括但不限于本客户协议、风险

披露声明、客户告鉴、开户申请表（等）而给予本公司之任何权力。本协议的

段落标题为查考方便而加入的，此并不限制或影响段落条文的应用与意义。

2. 约束效力

本协议（包括风险披露声明、客户告鉴、本客户协议以及开户申请表）将持续

有效，并涵盖客户任何时候在本公司开立或重新开立的所有账户，不论任何本

公司或其他继承人、转让人的人事变动。如果发生合并、兼并或其他变动，本

协议（包括任何授权）将适应本公司或其他继承人或转让人的利益，并对客户

及其/或其遗产继承人、委托人、管理人、法定代表、继承人和转让人具有约

束效力。

3. 协议接受

仅当本公司确认及审批客户之开户申请后，本协议可视作已为本公司所接受或

成为客户与本公司之间双方同意并具有约束力的合同。

4. 高风险投资

除这项协议所载标准披露外，客户应注意以保证金为基础的贵金属交易是金融

市场上最高风险的投资工具之一，且仅适合于有丰富经验的专业投资者和机构。

在本公司开立的账户允许客户以很高的杠杆比例（可高达客户账户资产的100

倍，杠杆比例可由本公司不时修改或者按照其他适用的规例）进行贵金属交易。

客户在开户或进行贵金属交易之前应仔细地考虑其可承受之风险，并明白在贵

金属交易进行投机的资金是属于风险资本金。客户保证及声明即使在贵金属交

易中出现严重亏损也不会对其现在/未来的生活方式及财政状况带来任何影响。

若客户过住未曾投资于高风险的投资工具，客户需要在正式买卖之前了解和学

习贵金属交易相关知识，并咨询有关专业意见。客户需要认识到贵金属交易涉

及潜在的利润与损失，若市况不利，损失可能超过初始保证金之金额。在交易

贵金属时客户必须确认其投资于贵金属交易的资金是纯风险资本金，这些资金

的损失并不会对其现在/未来的生活方式及财政状况带来任何影响。

5. 风险确认

客户确认投资于杠杆式交易是投机性，并涉及相当高之风险，只适合于能够承

担超过其保证金存款损失风险的人士。客户理解由于OTCGOLD交易通常要求

的保证金较低，因此杠杆比例相对较大，以致OTCGOLD的价格变动可能带来

相当大的损失，该损失可能超过客户的投资和保证金存款。客户须在开户或进

行交易之前，应该清楚了解有关交易特性和风险程度，保证其愿意并能够在财

务上或其他方面承担OTCGOLD交易所带来的所有风险，客户同意不会就因遵

循本公司或其雇员或代表作出的交易推荐，或建议而造成的交易损失追究本公

司的责任。客户认识到OTCGOLD交易是没有任何保本或盈利的保证。客户承

认其未曾从本公司，或其任何雇员、代表、代理经纪人，或其他客户与之打交

道以进行本公司交易的实体从而获得这类保证，并且未根据任何上述保证签订

本协议。

6. 汇率变动风险

本公司之交易账户必须以美元或本公司不时同意之其他货币为单位，倘若客户

以美元之外之其他货币存取款：

i. 客户必须独自承担因汇率价格变动而导致之任何收益或损失；

ii. 客户同意本公司按其全权决定之形式及时间对货币作出任何兑换，以实行

其根据本协议而采取之任何行动或步骤。

7. 客户声明与保证

客户声明与保证：

i. 头脑健全、到达法定年龄，具有法律能力；

ii. 只有账户持有人/ 客户本人享有其账户之利益；

iii. 不论此后任何相反的裁决，除了（i）所述，客户有足够投资经验、承受风

险及财政上的能力以进行OTCGOLD交易；

iv. 客户目前不受雇于任何交易所、任何交易所持有绝大部分资本的公司、任

何交易所的成员及或任何在交易所注册的公司、任何银行、信托机构或保险公

司，若客户受雇于上述公司，客户必须立即以书面形式通知本公司；

v. 客户提供的信息（至本日期止）皆为真实、准确和完整。若任何讯息变化，

客户有责任迅速通知本公司。

vi. 完全遵守当地有关法例，包括为遵守该等地区或司法管辖区内须遵守之任

何其他手续以取得政府或其他方面之同意，以及因为使用本平台进行交易而需

要支付当地任何相关税项、关税及其他金额。客户在本平台进行交易，将被视

为该客户向本公司声明及保证已遵守当地法律及规定。倘若客户对情况有疑问，

客户必须寻找专业之法律意见；

vii. 不会进行任何以套戥或“剥头皮”为目标的活动;

viii. 不会于未获本公司批准将交易授权或对其账户的管理交予第三者。

8. 交易授权

本公司可以与客户部分或全部的买卖指令进行对盘及／或下达市场。本公司获

授权按照客户的口头、书面或计算机指令向对手方如银行、金融机构或资深参

与者为客户账户进行OTCGOLD买卖。除非客户以书面形式作出反对，否则本

公司获授权向本公司认为适合之对手方如银行、金融机构或资深参与者执行所

有订单。本公司有权依据所有从客户收到的口头或书面上的通信或指示，包括

第4頁，共12頁

客户的雇员、合伙人、法定负责人（授权人），只要本公司没有收到客户通知

授权人并没有获得授权。客户同意让授权人代表客户向本公司提供所需的数据、

信息、指示、和授权来进行本公司提供的服务。 客户授权本公司依据和执行

从授权人所得来的任何指示、授权或信息。所得来的方式包括通过电子方式传

送或获得客户批准的传真文件。因此客户同意（i）本公司获授权执行指示，

并且不需询问有关指示的有效性，该指示会被当作是授权人发出的书面指令；

（ii）在任何情况下，本公司不需核实指示的有效性或任何个别情况的签名；

（iii）在本公司秉承行事和没有疏忽的情况下，客户将承担所有由任何代表人、

雇员、或授权人发出未经批准指示的风险，客户将为任何损失、费用、酬金、

损毁、经费、索赔、诉讼或要求（等）负责。客户并保证不向本公司追究责任

或要求赔偿，以及本公司不会因上述情况而导致损失，包括任何有关或产生自

本公司的实际行动、延迟实际行动或拒绝采取行动、由客户提供给本公司的任

何指示或数据，包括由客户的雇员、授权人或代表发出的不正当、未经授权、

虚假或欺诈指示，即使该指示是没有获得客户授权。本公司有权限制客户每次

下单的总数。本公司有权限制客户获得或持有的头寸金额及／或总数。本公司

将按照客户计算机或录音电话的指示执行其选择接受的订单。本公司有权拒绝

接受任何订单。

9. 政府、对手机构及银行间系统规条

所有本协议下的交易均受辖于执行交易的对手机构或其他银行间市场（及其清

算组织，如适用）的宪章、细则、条例、规定、习惯、用法、裁决和解释，并

执行所有适合的香港法律。如果此后通过的任何法令，或任何政府机构通过的

任何条款，或对本协议产生影响／冲突的任何条款，将视作被有关法令、条规

变更或替代，而其他条款及变更后的条款将继续完全生效。客户承认本协议下

的所有交易受辖于前述监管要求。所有客户不拥有任何有关上述要求独立的合

约性权利。

10. 账户清偿与欠款偿付

如发生下列情形：

i. 客户身故、神经失常或司法宣定无能力；

ii. 客户申请破产，或选派托管人，或任何人针对客户向法庭申请其破产、

清盘或其他相类似的法律程序；

iii. 客户的任何资产遭委任接管人或类似职位人员接管，或遭受任何扣押

或判决之执行；

iv. 不论当时的市场报价如何，客户的账户保证金金额不足；

v. 客户未能向本公司提供任何根据本协议要求的相关数据（如身份证明

文件）；或

vi. 任何其他本公司应当采取保护措施的情况或变化，

本公司拥有绝对酌情权决定应否采取以下某种或多种行动；（i）本公司代为

客户保存或控制的资金或财产来抵偿客户对本公司负有的债务；（ii）买卖任

何为客户于其账户持有的贵金属头寸；及（iii）取消任何或所有未完成订单，

或其他任何以客户名义作出的承诺。采取任何上述行动可能并不以下列为条件：

即要求提供保证金或追加保证金，或事先将买卖决定通知客户、客户的个人代

表、继承人、授权人或转让人等、且不论涉及的所有权利益是否为客户独有。

根据本公司的绝对酌情权，在此所述的买卖行为可以通过任何银行间或其他经

常进行业务的交易市场进行，本公司可以购买全部或部分而不受赎回权的限制。

当本公司向客户提出要求，客户将在任何时候对其账户的债务负责。若其账户

被本公司或客户自己全部或部分平仓之时、在任何时候均对其剩余欠款负责。

如果根据本授权进行的平仓后所兑现的资金不足以支付客户向本公司所欠的

债务，客户需立即支付欠款、所有未偿还债务、以及相应利息，以及所有托收

费用，包括律师费、证人费等相关费用。本公司并保留追究权利。此后，本公

司可完全自行决定合并客户名下的多个户口，把盈余抵销账户之间的借方差额。

11. 交叉交易的同意

客户在此承认并同意下述情况有可能出现，即与本公司相关的某一营业人员、

董事、关联机构、关联人、雇员、银行或银行雇员、交易商及本公司本身可能

是客户账户所进行的交易的对手经纪人或委托人。客户在此同意进行上述交易，

仅有的限制是有关执行买卖订单的银行、机构、交易所或交易委员会的任何可

能的条例或规定，或其他监管机构的任何可能的限制与条件。

12. 保证金和存取款

客户须向本公司提供并维持由本公司所不时订定的保证金金额。客户须明白及

同意本公司拥有唯一指定权，根据市场状况，本公司可能在任何时候改变保证

金要求。该保证金金额相比同业机构的要求可能较高或可能较低。客户同意当

本公司作出追补资金之要求时，客户须立即并迅速以本公司所要求的存款方式

满足所有保证金催促通知的要求，而任何存款过程涉及的费用，包括银行手续

费、汇率差价及所有有关费用均由客户承担。客户有可能不可以实时使用刚存

入的保证金作为新头寸的按金，更可能不可以作为追加保证金，客户同意承担

一切由于未能及时满足追加保证金要求而面临强制平仓之损失，其损失可能超

过客户的初始保证金，即账户内的所有资金。本公司可能在任何时候根据本协

议的规定强制客户的账户进行平仓，即使本公司不行使该项权利，并不代表其

放弃该权利。任何本公司过去的保证金要求均不妨碍本公司不需通知而提高上

述保证金要求。客户有权随时通知本公司提取指定的可用现金结余，客户同意

任何汇款及转款过程涉及的费用，包括银行手续费、汇率差价及所有有关费用

均由客户承担。客户完全理解本公司及相关银行需要时间去处理有关客户之提

款，客户很可能不可以实时收到所提取的金额。客户同意不追究本公司由于未

能及时满足自身提款要求所引起的所有责任。当客户的提款要求一经确认，本

公司将实时从客户账户结余扣除该款额。

客户必须确保其所指定的往来银行账户属于客户本人，本公司不会接受任何第

三者(包括但不限于第三方)存取款。

客户确认及同意客户进行未获授权的第三者存款时，本公司完全拥有权利对客

户账户进行以下处理:

(i) 若客户账户从未进行任何交易，本公司将所有第三方存款扣除百分之10

作为本公司营运成本后，将其余额退回存款银行账户;

(ii) 若客户账户已进行任何交易，本公司将由进行第三者存款起的所有交

易及优惠(包括但不限返佣, 赠金)取消。并将所有第三者存款扣除百分

之10作为本公司营运成本后，将其余额退回存款银行账户;

(iii) 实时涷结客户账户进行调查，禁止其账户进行一切交易。并依据酌情

权决定向任何相关监管机构或执法机构报告有关事件

13. 费用

客户将支付因本公司所提供的服务产生的手续费、代理经纪人佣金和其他特别

服务之所有费用（包括但不限于溢价和折价，报表费，闲置账户费，指令取消

费，转账费和其他费用）及收费（包括但不限于由银行间机构、银行、合约市

场或其他监管或自律组织收取的费用）。本公司可能不经通知调整收取佣金、

费用及/或收费。客户同意向本公司支付其欠交款项的利息。所有这些费用将

在发生时，或在本公司根据其绝对酌情权决定下由客户支付。客户同意本公司

从其账户中冻结上述费用。在客户指示本公司将其账户的未平仓头寸、资金、

及/或财产转向其他机构时，客户同意支付由本公司确定的转账费。本公司确

认所有向客户报出的价格但不包括溢价与折价。

14. 通讯联络

报告、报表、通知及其它通讯可能送达至客户于开户申请时所提供的电邮地址

及住址或客户不时以书面方式（香港客户）和网上登入方式（国内/海外客户）

向本公司更新的电邮地址及住址。所有如此送出的通讯，不论是邮寄、电邮或

其他方式，一旦投入有关邮政，或经发送机构接收，即被认定已由本公司传出，

且被认定该通讯已送达客户本人，不论客户是否实际收到。

15. 电邮地址确认

若客户的电邮地址有任何更改，客户有责任立即通知本公司有关之更改。

16. 地址确认

若客户的住址或通讯地址有任何更改，客户有责任立即通知本公司有关之更改。

17. 电子传输交易确认及账单结单

客户同意其账户信息与交易确认可经由本公司平台提供，客户可通过本公司的

平台或网上个人账户查阅其账户资料。本公司将公布客户的所有账户交易活动

数据，客户将可以获得每日、每月的账户交易报表，以及每项已执行的交易之

报表。客户的网上账户公布其账户事务数据将被视作递交了交易确认和账户结

单，任何时候，账户数据将包括带有交易确认编号、买卖价格、占用保证金、

可用保证金的数额、盈亏报告，以及所有头寸和未完成下单指令等。

18. 报表与确认

订单的确认报告（如日结单、月结单等）和客户的账户报表将被视作正确、终

结性，并对客户具有约束力，除非客户在收到本公司网上交易平台或其他方式

送达的报告两日之内立即作出反对，并以书面形式确认。保证金催促将是终结

性并有约束力的，除非立即以书面形式作出反对。作为邮寄交易确认的代替，

本公司将向客户提供互联网上登入以便随时查阅其账户。若客户反对应以书面

寄往本公司网页上最新提供的办事处地址，请要求回邮收据。如无反对，则本

公司或其代理经纪人在客户收到上述报告之前采取的所有行动将被视作已被

批准。客户未收到交易确认将并不解除其作出上述反对的义务。当订单或交易

一经执行，确认一经发出，只有客户有责任查阅并记录账户内的所有订单和持

仓。有关详情请参考于本协议第17项“电子传输交易确认及账单结单”之内容。

19. 终止

本协议将持续有效直至终止，而客户可在任何时候终止协议，只要届时客户没

有持有未平仓现货贵金属头寸，不对本公司负有任何债务，且本公司实际收到

终止协议的书面通知，或任何时候本公司向客户提出终止协议的书面通知，由

发出通知当日收市随后第一个结算时间起开始生效，条件是如此终止将不影响

任何之前签订的交易且不解除任何一方此协议项下的任何义务，或解除客户的

任何债务的责任。

20. 协议修改

客户同意本公司可不时酌情决定修订、取消、或更替本协议之任何条款或增补

任何新条款，本公司会把这些修改或变更在本公司网站www.gwwealth.hk公布来

通知客户。客户须不定时浏览有关条款之修改并同意受此约束。

21. 信息

客户同意（i）本公司或其雇员向客户提供的任何市场信息并不构成任何投资

建议、购买或出售OTCGOLD合同的要约或招徕购买或出售OTCGOLD头寸；（ii）

此类信息，尽管基于本公司认为可靠的数据源，有可能完全基于某一雇员的个

人意见，故这类信息可能并不完整甚至未经确认；（iii）本公司不会就提供给

客户的任可信息的准确与完整性作出任何保证和负上任何责任。

22. 非保证之盈利或限制损失

客户确认其未与任何本公司雇员、代理经纪人或第三方就其本公司账户的交易

达成任何单方面协议，包括但不限于任何保证其账户盈利或限制损失的协议。

客户同意其有责任以书面形式立即告知本公司任何单方面协议之详情。客户并

同意如果任何人士作出的任何有关交易账户的声明有别于客户从本公司所得

的表述，客户同意以书面形式提请本公司注意。

23. 盈富金汇有限公司的责任

本公司将不负责因传输或通讯设施故障、电力短路或任何其他本公司不能控制

第5頁，共12頁

或预计的原因带来的指令传输的延迟。本公司将仅对直接因为本公司的蓄意过

错或欺诈造成的行为负责。本公司将不对其他方面过错而引起的损失承担任何

负责。

24. 赔偿

客户同意，如果因为客户未能完全与及时地履行其承诺或因其声明或保证并不

属实或正确，而给本公司带来任何债务、损失、损害、成本或费用（包括律师

费），客户将必须对此向本公司作出所有赔偿，并使之不受损害及损失。客户

同时同意立即支付给本公司在执行本协议任何条文或任何其他本公司与客户

签订的协议所带来的损害、成本与费用（包括律师费）。此外，若损失来自（i）

客户的行为：客户或授权人的行动、错误或遗漏；（ii）伪造签署：所有账户

或本协议有关文文件上的伪造签署或未获授权的签署；（iii）故障：客户或本

公司的系统故障、设备故障或系统中断或运作失灵；（iv）延迟：本公司在执

行客户向其发出之任何指示时发生之延迟、故障或错误；和（v）资料：从客

户收到的不正确或不全的指示，本公司均不会承担任何责任或赔偿任何损失。

25. 财务状况

客户声明并保证其财务状况健全。客户在开始进行贵金属交易之前已非常仔细

地考虑了贵金属交易的风险并明白客户现有资产中可为风险资本金的部分。客

户保证及声明即使在贵金属交易中出现损失也不会对其生活方式带来任何改

变。如果客户的财务状况发生变化以致降低该风险资本金，客户同意立即通知

本公司。

26. 信用状况

客户授权本公司，或其雇员以本公司的名义，调查客户的信用状况并查证及确

定客户资料有关的合适的（所有）银行、金融机构和信用机构。客户进一步授

权本公司调查其目前和过去的投资活动。此外，本公司将根据客户之信用状况，

并有权要求客户提供所需证明（包括但不限于最近之税单、入息证明），以不

时检讨客户的交易限额及或审批其提升交易限额之申请。

27. 资金转让授权

客户在此同意本公司可在任何时候，根据本公司及其雇员的判断，将客户账户

派入及转出该客户的另一个在本公司或其他批准的金融机构或其关联人处开

立的账户。

28. 抵押协议

客户的所有资金、货币及其它财产，如其被本公司在任何时候为客户持有，或

在任何时候由本公司为任何目的（包括妥善保管）掌管或控制，此类财物将被

本公司作为担保物，并可因客户对本公司的义务受制于普通留置权及对冲权，

不论客户在本公司开立账户数目的多少。本公司可能在不通知客户的情况下行

使其绝对酌情权，在任何时候将客户的所有资金、货币或其他财产投入或转向

客户的任何账户。客户亦授权本公司以单独或者与其他客户的财产一起的形式，

将客户作为保证金或担保物的任何财产以进行抵押、再抵押、投资或出借于本

公司自身或其他方。此授权适用于所有本公司为客户开持的账户，并在客户全

额付清所有债务之前、或本公司发出撤销通知之前有效。

29. 权利转让

本公司可在未经客户事先同意或批准的情况下，将本协议之全部或部分之权利

或义务授予任何人。

30. 豁免或修订

本协议的任何条款不可被豁免或客户自行作出修订，除非豁免或修订是以书面

的形式且由客户和本公司授权的授权人共同签字。在任何协议双方的交往过程

中，或在任何情况下，本公司未能坚持其协议的权利均不可间接解释为本公司

对该权利的放弃。任何口头协议或指示均不可被承认或执行。

31. 清算日与延展

所有贵金属头寸会在交易日以美元显示在客户的账户，并在48小时内清算，并

以美元作为交收货币。持仓头寸会在额外48 小时后自动过仓，除非（i）客户

给予令人满意的指示交割，这要按照本公司的惯例、通常收费和重新交付费用；

（ii）本公司接受了客户的下单并同意可全权酌情决定对冲贵金属头寸。客户

应在贵金属清算日的前一个工作天正午之前指示是否交割或对冲。如无客户的

及时指示，本公司被授权全权酌情决定是否延展所有或任何客户的本公司账户

的货币头寸，风险由客户承担。客户的账户将在贵金属头寸延展之时收取利息。

32. 录音

客户同意本公司有权采用录音程序，以作为所录取指示或通讯之确实证据。客

户进一步同意在涉及任何客户或本公司的纠纷或诉讼中，任何一方可以使用此

类录音或备份作证据。客户理解并同意本公司定期根据其确立的营业程序清除

这类录音。

33. 个人资料私隐政策

本公司的个人资料私隐政策是根据《个人资料（私隐）条例》保护客户权益。

在本公司使用客户数据以提供其最佳之服务时，亦会高度关注对于其客户数据

使用之安排。本公司会根据香港特别行政区法例《个人资料（私隐）条例》之

规定，力求完全符合个人资料保障要求。为此，本公司会确保其雇员遵守法例

规定的保安和保密严谨标准。

i. 本公司收集的各项个人资料，只供本公司进行业务运作及其他有关活

动之用；

ii. 本公司致力确保网站是安全及符合业界标准，并且使用其他数据保障

工具，例如：防火墙、认证系统（密码和个人身份证号码等）和操控

机制来控制未获授权的系统进入和存取数据；

iii. 本公司会将客户个人资料保密储存，保护客户的个人资料以防止被盗

用，本公司雇员亦会尊重客户的私隐，绝不会向未获授权人士透露任

何数据；

iv. 客户可不时查阅及更改由本公司所保存有关其个人资料；

v. 客户同意本公司会根据任何法例或监管机构之规定，向监管当局及其

他政府机构披露客户所有数据（及其他数据）；

vi. 客户同意本公司按照网络支付系统政策之安排，当客户透过支付网关

进行存取款时，向有关机构披露客户个人资料作为核实身份的证明；

vii. 本公司可能会在客户的计算机设定及存取本公司Cookies，以协助本公

司分析并了解有关之市场推广策略的效果。本公司及其雇员可能会于

本公司的产品和服务使用Cookies 来追踪客户在本公司网站的浏览，收

集得来和共享的资料是不具姓名及无法被个别辨识的；

viii. 客户同意本公司向客服提供服务时，本公司可能授权一些不隶属本公

司的公司使用客户个人资料，这些包括以合约形式代表本公司提供服

务的公司，例如作成、邮寄月结单的公司，维护及开发数据处理的软

件公司等。这些授权于本公司的公司必须把客户的个人资料保密。

本公司将尽一切所能确保其收集所得的客户个人资料被妥善地保存在储存系

统，并只有获授权的雇员或代表本公司提供服务的公司可查阅有关资料，但鉴

于互联网之公开及全球性质，本公司可能无法保护及保密客户个人资料不受第

三者的蓄意干扰。凡经由本公司网页浏览他人运作的网页，客户的个人资料均

不属本公司的个人资料私隐条款保障范围内。

34. 在直接促销中使用数据

本公司/集团拟把客户资料用于直接促销，而本公司/集团为该用途须获得客户

同意（包括表示不反对）。就此，请注意：

(i) 本公司/集团可能把持有的客户姓名、联络方式、产品及服务组合数据、

交易模式及行为、财务背景及人口统计资料用于直接促销；

(ii) 可用作促销下列类别的服务、产品及促销目标；

(a) 金融、理财、投资及相关服务及产品；

(b) 奖赏、优惠计划及相关服务及产品；

(c) 本公司/集团的任何成员与品牌合作伙伴提供之服务及产品（该

等品牌合作伙伴名称会于有关服务及产品的申请表格上列明，

视情况而定）；及

(d) 为慈善及/或非牟利用途的捐款及捐赠；

(iii) 上述服务、产品及促销目标可能由本公司/集团及/或下列各方提供或征

求：

(a) 本集团的任何成员、合作伙伴及联营公司;

(b) 第三方金融机构、投资服务供货商、奖赏及优惠计划供货商，

及合作品牌供货商；及

(c) 慈善或非牟利机构；

(iv) 除促销以上述服务、产品及促销目标以外，本公司/集团亦拟以上34 (i)

段所述的数据提供予以上34(iii)段所述的全部或任何人士，以供该等人

士在促销该等服务、产品及促销目标中使用，而本公司/集团为此用途

须获得客户书面同意（包括表示不反对）；

如客户不希望本公司/集团如上述使用其数据或提供数据予其他人士作直销促

销用途，客户可通知本公司/集团行使其选择权拒绝促销。

35. 司法管辖区及司法管辖地的同意

本公司可全权选择和行使其绝对酌情权，决定因本协议所引起或有关之任何争

议、争执或索偿、本协议终止或无效等事件，均根据现行有效之联合国国际贸

易法委员会仲裁解决。指定仲裁员的机构是香港国际仲裁中心（“HKIAC”），

仲裁员为一人。仲裁由香港国际仲裁中心按照开始仲裁时有效的香港国际仲裁

中心的仲裁程序规则。仲裁程序以英语进行。

36. 仲裁协议

若客户同意本仲裁协议，客户（i）放弃了在法院起诉本公司的权利并包括陪

审权利在内；（ii）同意在任何根据本协议由客户或本公司提出仲裁的指控与

反指控中受到仲裁的约束。客户不选择同意本仲裁协议条款约束亦可于本公司

开立账户。

37. 管辖法律及司法管辖权

本协议及协议方的相应的权利与义务受香港特别行政区法律的管辖，并据此解

释与执行。据此并没有和法律抵触而干预或妨碍条文之应用。

本协议连同开户申请书和有关附件构成本协议主题整体和全部内容。本协议将

取代以前所有经双方签署或承诺的与本协议主题，杠杆式现货贵金属交易相关

的书面或口头协议。

若本协议中英文版本不一致，应以中文版为准。

Nov

201

7 版

Page 6 of 12

Risk Disclosure Statement

This statement does not disclose all risks and other major aspects of precious metals

(including gold and silver). In view of such risks, Client should trade in precious

metals only if it understands the nature of such trading and the level of its exposure

to risks. Trading in precious metals is not suitable for ordinary investors. Client

should consider whether trading is appropriate for it carefully based on its

investment experience, purpose, financial condition, risk tolerance and other

relevant factors. Before opening an account and beginning to trade, Client should

seek advice from legal advisors or other professionals.

Risks Arising from Precious Metal Trading

1. "Leverage" effect

This statement does not disclose all risks and other major aspects of precious metals

(including gold and silver). In view of such risks, Client precious metal transactions

involve a high level of risk. Such transactions are 'leveraged', which means Client

may control a transaction agreement of a very high amount with a very low amount

of initial margin. Even a minor market variation may have a great impact on the

funds which Client has deposited or will deposit: This may go for or against Client.

Client may suffer a loss of its initial margin and any additional funds deposited with

the Company to maintain its position. If the market goes against Client’s position or

its margin level is increased, Client may be unable to pay additional funds timely to

maintain its position, its position may be closed forcibly and Client will be liable

for any resulting losses.

2. Risk-reducing orders

Certain orders (e.g., "stop-loss" and “stop-limit” orders) intended to limit losses

may not take effect or be executed at all. If an order is placed for stop-limit, there is

no guarantee that the order will be executed at the limit or not executed at all. In

addition, strategies using combinations of positions, such as spread and straddle

positions, may be as risky as taking "long" or "short" positions simply.

Additional Risks Common to Precious Metal Trading

3. Terms and conditions of precious metal trading

Client must understand the terms and conditions of precious metal trading and the

associated obligations.

4. Electronic trading

Trading through an electronic trading system may cause a delay in sending or

receiving any Client instruction or other data, or in executing such instruction, and

may render such instruction executed at a price different from that instructed. A

failure or transmission interruption may also occur in the communication facilities.

Client will be exposed to risks associated with the system, including hardware and

software failures. Any system failure may render Client’s order either not executed

as Client instructs or not executed at all. Therefore, Client acknowledges and

accepts that electronic transmission is not necessarily a reliable means of

communication due to unexpected communication obstruction or any other reason,

and Client must assume all risks of communication misunderstanding, mistake and

the like.

5. Trading facilities

Most electronic trading facilities are supported by computer-based systems for the

order placing, execution, matching, registration and clearing of transactions. Such

systems are vulnerable to temporary failure. Client’s ability to recover certain

losses may be subject to limits on liability imposed by the system provider, the

market, the clearing house, etc. Such limits on liability may vary.

6. OTC transactions

In certain jurisdictions and in restricted circumstances only, companies are allowed

to effect OTC transactions. A company with which Client deals may be Client’s

counterparty to the transaction. WEALTH GOLD GROUP Company Limited

(hereinafter referred to as “WGGCL”) acts as a direct counterparty to Client in

many precious metal transactions. WGGCL has the right to refuse to accept or

guarantee any order. Therefore, it may be difficult or impossible to close a position,

to assess its value, to determine a fair price or to assess risks. For these reasons,

such transactions may involve greater risks. OTC transactions may be less regulated

or subject to a different regulatory system. Before starting such transactions, Client

should get familiar with the applicable provisions and the relevant risks.

7. Suspension or restriction on trading and pricing relationships

Market conditions and/or the operating rules of certain markets (e.g., the suspension

of trading in any precious metal due to "circuit breakers") may increase the risk of

loss by making it difficult or impossible to close transactions or positions.

Moreover, normal pricing relationships between the relevant assets and the precious

metal may be inexistent. The lack of the reference price of the relevant assets would

make it difficult to assess or determine a "fair" value.

8. Transactions in other jurisdictions

Transactions in other jurisdictional markets, including those related formally to the

domestic market, may expose Client to other risks. Under the rules of such markets,

investors may be subject to different or reduced protection. Client should enquire

about the rules applicable to its transactions, and be aware of the remedies available

in both its local jurisdiction and other relevant jurisdictions before trading.

9. Deposited cash and property

Client must acknowledge that entrusting money or any other property to WGGCL

or its representatives or trustees is risky. Client should get familiar with the

protections available to money or other property deposited by Client for domestic

and foreign transactions, especially in case of a corporate insolvency or bankruptcy.

The extent to which Client may recover its money or property is governed by

specific regulations or local rules or may be seriously delayed. This is a risk that

Client should be ready to bear.

10. Commission and other charges

Before beginning to trade, Client should make clear of all commission, fees and

other charges payable. These charges will affect Client’s net profit (if any) or add to

Client’s losses. Client is aware that the precious metal account is not intended for

deposits and has no interest income.

Referral Disclosure

WEALTH GOLD GROUP COMPANY LIMITED (hereinafter referred to as

“WGGCL”) and Introducing Broker is wholly independent of each other, and

WGGCL does not regulate Introducing Broker’s activities nor is it responsible for

any statement made by Introducing Broker. Any direct agreement between

WGGCL and Introducing Broker does not create a partnership or joint venture

relationship, so Introducing Broker is not a representative or employee of WGGCL,

and has no right to negotiate or take any other action on behalf of WGGCL:

1. Client understands and agrees that if its account with WGGCL is introduced by

Introducing Broker, Introducing Broker shall have access to Client’s personal

information and other data related to transactions of Client’s account with WGGCL.

Introducing Broker shall have the right to enter Client’s account with WGGCL, but

shall not make any transaction with Client’s account with WGGCL, unless Client

authorizes Introducing Broker to trade on behalf of Client in writing.

2. Client understands and acknowledges that WGGCL may compensate Introducing

Broker, and that such compensation may be paid on a per-transaction basis or

otherwise. Such compensation may incur a markup beyond the ordinary spread

received by Client. WGGCL further reserves the right to collect a commission and

relevant charges from Client. In addition, Client shall have the right to be informed

of the particulars of such spread fee, commission or charges accurately.

3. Client understands that WGGCL shall be in no way responsible for Client funds

handled by Introducing Broker or any third party as long as such funds are beyond

the management, custody or control of WGGCL.

4. Client understands that Introducing Broker or any other third party

selling/providing any trading system, course, program, research or advice has no

connection with WGGCL, and such service is not regulated by any government

agency. WGGCL shall in no case be liable for any loss arising from Client’s use of

such information or advice.

5. Client hereby acknowledges and accepts all risks associated with trading in

precious metals, and also understands that the use of any third party trading system,

course or program, or any research or advice of Introducing Broker will not

necessarily result in profits, avoid or limit losses.

6. Client acknowledges that neither WGGCL nor Introducing Broker has made any

promise on Client’s future profits and losses. Client understands that trading in

precious metals involves considerable risks. Client must read the above Risk

Disclosure Statement carefully.

7. WGGCL does not control and cannot endorse or vouch for the accuracy or

completeness of any information or advice Client may have received or will receive

from Introducing Broker or any other third party.

8. WGGCL does not endorse or vouch for the services provided by Introducing

Broker. Since Introducing Broker is not an employee of WGGCL, Client is

obligated to perform due diligence on Introducing Broker before receiving its

services.

9. Client confirms that he/she is not a U.S. citizen or resident (for tax purpose);

has not been associated with U.S. for any purposes; does not act as agent for U.S.

citizen/resident/entity

.

Page 7 of 12

Notice to Clients

This agreement is legally binding. Please read it carefully.

This agreement is legally binding. Please read it carefully. This is a legal contract

between WEALTH GOLD GROUP COMPANY LIMITED (hereinafter referred to

as “WGGCL”), a limited liability company organized under the laws of the Hong

Kong Special Administrative Region, including its successors and assigns, and the

party entering into this document (hereinafter referred to as "Client"). In respect of

opening an account to speculate, purchase and/or sell precious metals through OTC

precious metal markets (hereinafter referred to as "OTCGOLD") with WGGCL,

Client acknowledges that it has understood the following factors concerning

leveraged OTCGOLD trading, as well as the Risk Disclosure Statement that has

been provided to it above.

1. Trading in OTCGOLD is suitable only for specialized institutions or

experienced investors that can financially afford losses that may exceed the

value of margins or deposits substantially.

2. The OTCGOLD business does not require open outcry. Though quotations or

prices are offered by many computer-based systems in many places, such

quotations and prices may vary due to market liquidity. Many electronic

trading facilities are supported by computer-based systems for the order

placing, execution or matching of transactions, and are vulnerable to temporary

system failure. Client’s ability to recover certain losses may be subject to limits

on liability imposed by the system provider, the bank and/or any other

financial institution. Such limits on liability may vary.

3. On the OTCGOLD market, companies are not limited to effecting OTC

transactions only, so WGGCL may be a counterparty to Client in many

precious metal transactions. It may be difficult or impossible to close a position,

to assess its value, to determine a fair price or to assess risks. For these reasons,

such transactions may involve greater risks. OTC transactions may be less

regulated or subject to a different regulatory system. Before starting such

transactions, Client should get familiar with the applicable provisions and the

relevant risks.

4. If Client trades on any electronic trading system, it will be exposed to risks

associated with such system including hardware and software failures. Any

system failure may render Client’s order either not executed as Client instructs

or not executed at all.

Disclaimers:

i) Internet failures

Since the operation of the Internet is beyond WGGCL’s control, WGGCL is

unable to control the reception or routing of signals via the Internet, the

configuration of Client’s equipment or the reliability of its connection, and

WGGCL is not responsible for communication failures, distortions or delays in

case of trading via the Internet.

ii) Market risks and online trading

Trading in precious metals involves considerable risks that are not suitable for

all investors. See the Risk Disclosure Statement and this Agreement for more

information on risks. Trading online, however convenient or efficient it might

be, does not necessarily reduce risks associated with precious metal trading.

Therefore, Client should be ready to bear such risks before trading.

iii) Password protection

Client must keep passwords confidential and ensure that no third party can

have access to its trading facilities. Client agrees to be responsible practically

for any instruction received by e-mail or via the electronic trading platform or

any instruction sent to WGGCL by e-mail, via the electronic trading platform,

by telephone or in writing that is identified with Client’s password or its

signature and account number, even if it were sent by a third party, and

believed to be apparently authorized by Client at WGGCL’s discretion.

WGGCL has no responsibility for further enquiry into such apparent authority

and no liability for the consequences of any action or omission of WGGCL in

reliance upon such instruction or apparent authority. Client will be responsible

solely for the confidentiality, security and use of its passwords.

iv) Quoting errors

If any quoting and/or execution error occurs, which may include, without

limitation, a dealer's mistype of a quote, a quote not representative of

international market prices, any wrong quote (such as one due to failure of

hardware, software or communication lines or systems or inaccurate external

data provided by the third party), WGGCL will not be liable for any resulting

error in account balances. In addition, orders must be placed with sufficient

time to execute, and for the system to calculate required margins. The

execution of orders placed too close to market prices, which may trigger other

orders (for all order types) or a margin alert, cannot be guaranteed. WGGCL

will not be liable for the resulting margin alert, account balance and/or account

position because the system has not been given sufficient time to execute or

calculate accordingly. The above is not intended to be an exhaustive list and in

case of a quoting or execution error, WGGCL reserves the right to make

necessary corrections or adjustments to the account involved. Any dispute

arising from such quoting or execution error will be resolved by WGGCL at its

sole discretion. Client agrees to indemnify and hold WGGCL harmless from

all resulting losses, damages or liabilities.

v) Arbitrage

Internet, connectivity delays, and quoting errors may sometimes render that the

prices displayed on WGGCL’s trading platform are unable to reflect the

market rates accurately. “Arbitrage” and “scalping”, or taking advantage of

such Internet delays, cannot exist in an OTC market where Client deals directly

with the market maker. WGGCL does not permit the practice of arbitrage on

its trading platform. Transactions that rely upon arbitrage opportunities arising

from price latency may be cancelled. WGGCL reserves the right to make

necessary corrections or adjustments to the account involved. Accounts that

rely upon arbitrage strategies may be subject to dealer intervention or approval

of any order and/or termination of Client’s account at WGGCL’s sole

discretion without prior notice to Client. Any dispute arising from such

arbitrage and/or price manipulation will be resolved by WGGCL at its sole

discretion. WGGCL reserves the right to freeze Client withdrawals until such

issue is fully resolved. Any action or resolution stated herein will not prejudice

or waive any right or remedy that WGGCL may have against Client and its

employees.

vi) Price, execution and platform manipulation

WGGCL prohibits any form of manipulation of its prices, execution and

platform strictly (including but not limited to execute any transaction without

WGGCL Approval). WGGCL reserves the right to investigate and review any

account suspected of manipulation and withhold funds suspected of being

derived from such activity. WGGCL reserves the right to make necessary

corrections or adjustments to the account involved. Accounts that are suspected

of manipulation may be subject to dealer intervention or approval of any order

and/or termination of Client’s account at WGGCL’s sole discretion. Any

dispute arising from such arbitrage and/or price manipulation will be resolved

by WGGCL at its sole discretion. WGGCL may report such incidents to any

competent regulatory and law enforcement agency at its sole discretion without

prior notice. Any action or resolution stated herein will not prejudice or waive

any right or remedy that WGGCL may have against Client and its employees.

5. Client acknowledges that the purchase or sale of any precious metal involves

delivery to the extent that its account is credited with each spot transaction. All

orders for physical delivery must be instructed by client in writing and

confirmed by WGGCL at the time the orders are placed. The time and place of

delivery will be decided by WGGCL at WGGCL 's discretion. WGGCL shall

be entitled, at its absolute discretion, to refuse to act on any of client's

instructions and shall not be obliged to give any reason for such refusal.

6. There is no guarantee to the creditworthiness of the counterparty of Client.

WGGCL will make every effort to deal with reputable, creditworthy

institutions and clearing houses. There may also be certain cases in which

trading liquidity drops ceasing trading in a certain currency, thereby preventing

the closing of a deficient position that may cause substantial losses to Client.

WGGCL will in no way be liable for any resulting loss.

7. WGGCL's margin policy may require Client to provide additional funds to

properly maintain its margin account and that Client is obligated to meet such

margin requirements, otherwise any open position may be closed automatically

with a corresponding loss. WGGCL also reserves the right to refuse to accept

any order or provide a market offset.

8. WGGCL does not control or warrant the accuracy or completeness of any

information or advice Client may receive from anyone not employed by

WGGCL (hereinafter referred to as “third party”) concerning precious metals,

Page 8 of 12 Page 8 of 12

and WGGCL will in no way be liable for any loss to Client resulting from the

use of such information or advice.

9. If Client grants trading authority or control over its account to a third party,

whether on a discretionary basis or not, WGGCL will in no way be responsible

for Client's choice. WGGCL makes no representation or warranty as to such

third party; WGGCL will not be responsible for any loss to Client resulting

from such third party’s actions. If Client gives any third party authority or

control over its account, it does so at its own risk. If Client grants trading

authority or control over its account to a third party without WGGCL Approval,

WGGCL have the right to cancel all or part of related transaction without prior

notice.

10. Client shall fully observe the local laws and regulations including the

acquisition of any governmental or other regulatory approvals that may be

needed to observe any other formalities required in such territory or

jurisdiction and to pay any applicable taxes, duties and other amounts required

in such territory or jurisdiction in respect of the execution of any transaction

through WGGCL’s platform. The execution of any transaction through

WGGCL’s platform will be deemed to constitute a representation and warranty

of Client to WGGCL that such local laws and regulations have been complied

with. If Client has any doubt in this respect, it should seek advice from its legal

advisors or other professionals before opening an account and starting trading.

11. Client should be aware that no return is guaranteed. In addition, WGGCL is

not responsible for any claims or guarantees made by WGGCL, its employees

and/or associates.

Client Agreement

WGGCL agrees to carry one or more accounts for Client and provide services to

Client in respect of the trading of OTCGOLD (as defined in the Notice to Clients

above) by or through WGGCL for Client's account(s). Client agrees as follows:

1. Terms and headings

The term "WGGCL" shall be deemed to include WEALTH GOLD GROUP

Company Limited, its divisions, successors and assigns; the term "Client" shall

mean the party entering into this Agreement. If Client is an individual, Client shall

include Client himself/herself, its executors and estate administrators; if Client is a

limited liability company, Client shall include such company and its successors; if

Client is a partnership, Client shall include its partners, executors and estate

administrators when Client’s account remains effective.

The term "Agreement" shall include all other agreements and authorizations entered

into by Client in respect of the opening, maintenance and operation of its account(s)

with WGGCL, including, without limitation, any right given to WGGCL under this

Agreement, the Risk Disclosure Statement, the Notice to Clients and the Account

Application, etc. The paragraph headings hereof are inserted for the convenience of

reference only and are not meant to limit the applicability or affect the meaning of

any paragraph or provision hereof.

2. Binding effect

This Agreement (including the Risk Disclosure Statement, the Notice to Clients and

this Agreement and the Account Application) shall remain effective, and shall

cover all accounts of Client opened or reopened with WGGCL at any time

regardless of any personnel change of WGGCL or its successors or assigns. In case

of any merger, consolidation or other variation, this Agreement including all

authorizations shall inure to the benefit of WGGCL and its successors and assigns,

and shall be binding upon Client and/or its legatees, trustees, administrators, legal

representatives, successors and assigns.

3. Acceptance

This Agreement shall be deemed to be accepted by WGGCL or become a binding

contract between Client and WGGCL only when Client’s Account Application has

been confirmed and approved by WGGCL.

4. High-risk investment

Except the standard disclosures contained herein, Client shall be aware that

margin-based OTCGOLD trading is one of the riskiest investment instruments in

financial markets and is suitable for sophisticated investors and institutions only.

An account opened with WGGCL allows Client to trade in precious metals at a

very high leverage ratio (up to 100 times Client’s account equity or as amended by

WGGCL from time to time or otherwise stipulated by the applicable regulations).

Client shall consider the risks it can tolerate carefully before opening an account or

starting OTCGOLD trading, and realize that the funds used for speculation are

purely risk capital. Client warrants and represents that even a serious loss in

OTCGOLD trading will not affect its present/future lifestyle and financial

condition.

If Client has never utilized any high-risk investment instrument in the past, it needs

to study knowledge on OTCGOLD trading and seek professional advice before

formal trading. Client must realize that OTCGOLD trading involves potential

profits and losses, and that it may sustain a loss in excess of the amount of its initial

margin if the market becomes adverse. During OTCGOLD trading, Client must

acknowledge that the funds it invests in trading are purely risk capital, the loss of

which will not affect its present/future lifestyle and financial condition.

5. Risk acknowledgement

Client acknowledges that investment in leveraged and leveraged transactions is

speculative, involves a high level of risk, and is suitable for persons who can afford

any risk of loss in excess of their margin deposits only. Client understands that

since a low margin is usually required in OTCGOLD trading, there is a relatively

higher leverage ratio, and price changes in OTCGOLD may lead to substantial

losses that may exceed Client's investment and margin deposits. Client shall make

clear the nature and level of risk of relevant transactions before opening an account

or starting trading. Client warrants that it is willing and able, financially and

otherwise, to assume all risks of OTCGOLD trading. Client agrees to hold WGGCL

harmless from losses incurred by following trading recommendations or

suggestions of WGGCL or its employees or representatives. Client is aware that

there is no guarantee of freedom from loss or profit in OTCGOLD trading. Client

acknowledges that it has not received such guarantees from WGGCL or any of its

employees, representatives or any other entity with which Client deals and has not

entered into this Agreement in reliance upon any of such guarantees.

6. Exchange rate fluctuation risk

WGGCL’s trading account must be in US dollars or any other currency approved

by WGGCL from time to time. If Client makes any deposit or withdrawal in any

other currency than the US dollar:

i) Any profit or loss arising from a fluctuation in the exchange rate shall be borne

solely by Client;

ii) Client agrees that WGGCL may make any currency exchange in the manner

and at the time at its sole discretion in order to give effect to any action or step

taken hereunder.

7. Client representations and warranties

Client represents and warrants that:

i. Client is of sound mind, legal age and legal competence;

ii. No person other than Client and/or its joint account holder has an interest in

Client's account(s);

iii. Client hereby warrants that regardless of any subsequent award to the contrary,

save as subparagraph (i) above, Client has sufficient investment experience,

risk tolerance and financial affordability to trade in OTCGOLD;

iv. Client is now not an employee of any exchange, company in which any

exchange owns most of the capital stock, any member of any exchange and/or

company registered on any exchange, or any bank, trust or insurance company,

and if Client becomes so employed, it must notify WGGCL in writing of such

employment immediately;

v. All information provided hereunder is true, correct and complete as of the date

hereof and Client is obligated to notify WGGCL of any change in such

information immediately;

vi. Client has fully observed the local laws and regulations including the

acquisition of any governmental or other regulatory approvals that may be

needed to observe any other formalities required in such territory or

jurisdiction and to pay any applicable taxes, duties and other amounts required

in such territory or jurisdiction in respect of the execution of any transaction

through this platform. Moreover, the execution of any transaction through this

platform shall be deemed to constitute a representation and warranty of Client

to WGGCL that such local laws and regulations have been complied with. If

Client has any doubt in this respect, it should seek professional legal advice;

Page 9 of 12

vii. Client will not conduct any activity for the purpose of arbitrage or scalping;

and

viii. Client will grants trading authority or control over its account to a third party

without WGGCL Approval

8. Authorization of trading

WGGCL may take an opposite position to match Client's trading orders partly or

wholly and/or transfer such orders to the market. WGGCL is authorized to trade in

OTCGOLD pursuant to Client’s oral, written or computer instructions for Client's

account(s) with the counterparty, such as a bank, financial institution or senior

participant. Unless instructed by Client to the contrary in writing, WGGCL is

authorized to execute all orders with such bank, financial institution, senior

participant or any other counterparty as WGGCL thinks fit. WGGCL shall have the

right to rely upon any oral or written communication or instruction received from

Client, including Client’s employees, partners or legal principals (“Authorized

Persons”), as long as WGGCL receives no notice from Client that such Authorized

Persons have not been authorized. Client agrees that such Authorized Persons may,

acting on its behalf, supply WGGCL with all data, information, instructions and

authorizations needed by WGGCL to perform its services hereunder.

Client authorizes WGGCL to rely and act upon any instruction, authorization or

information received from an Authorized Person by any means, including

transmission by electronic means or any facsimiled document approved by Client.

Therefore, Client agrees that: (i) WGGCL is authorized to execute instructions

without enquiring into the validity thereof, which shall be deemed instructions

given by the Authorized Persons; (ii) In no case WGGCL shall verify the validity of

instructions or signatures in any particular case; and (iii) Client will bear the risk of

all unapproved instructions given by any of its representatives, employees or

Authorized Persons, and indemnify WGGCL against all losses, costs, fees, damages,

expenses, claims or demands, etc. suffered or incurred by WGGCL, provided

WGGCL has acted in good faith and without negligence. Client also warrants that it

shall make no claim for liability or damages against WGGCL, and that WGGCL

will not suffer losses from any of the above cases, relating to or arising from

WGGCL acting upon, delaying in acting upon or refusing to act upon any

instruction or information provided to WGGCL by Client, including improper,

unauthorized, false or fraudulent instructions given by any of Client’s employees,

agents or representatives, even if such instructions were not authorized by Client.

WGGCL has the right to limit the number of total transactions for each order of

Client. WGGCL reserves the right to limit the amount and/or total number of

positions acquired or held by Client. WGGCL will execute all orders accepted by it

as instructed by Client given over a computer or recording phone. WGGCL has the

right to refuse any order.

9. Governmental, counterparty institution and inter-banking system rules

All transactions hereunder shall be governed by the constitution, bylaws, rules,

regulations, customs, usage, rulings and interpretations of the counterparty

institution or any other interbank market (and its clearing agency, if any) where

such transactions are executed and by all applicable laws and regulations of Hong

Kong. If any statute is enacted or any rule or regulation adopted by any government

agency hereafter and affects or conflicts with any provision hereof, the provision so

affected shall be deemed amended or replaced by the applicable provisions of such

statute, rule or regulation, and the remaining provisions hereof and the provision so

amended shall remain in full effect. Client agrees that all transactions hereunder are

subject to the aforesaid regulatory requirements. Client shall have no separate

contractual right in connection with any of the above requirements.

10. Liquidation of accounts and payment of deficits

In the event that:

i. Client becomes dead, insane or judicially declared of incompetence;

ii. A petition in bankruptcy or for the appointment of a receiver is filed, or any

insolvency, liquidation or similar proceeding is instituted against Client;

iii. Any property of Client is taken over by an appointed receiver or anyone of a

similar title, or is seized or enforced against;

iv. There is insufficient margin in Client’s account(s), regardless of prevailing

market quotations;

v. Client fails to supply WGGCL with any information requested pursuant hereto

(e.g., identification document); or

vi. Any other situation or change arises in which WGGCL should take protective

actions.

WGGCL may take one or more of the following actions at its sole discretion: (1)

satisfying any liability of Client to WGGCL out of Client's funds or property in its

custody or control; (2) selling or buying any precious metal position held for Client

in Client’s account; and (3) cancelling any or all outstanding orders, or any other

commitments made in Client’s name. Any of the above actions may be taken

without demand for margin or additional margin, and without prior notice of trading

to Client or its personal representatives, successors, trustees or assigns, whether the

ownership interest involved shall be owned solely by Client or not. Any sale or

purchase hereunder may be made at WGGCL’s discretion with any interbank or

other exchange market where such business is usually transacted, and WGGCL

may purchase the same wholly or partly without any limit in right of redemption.

Client shall be liable for the payment of any of its liabilities upon request by

WGGCL at any time. Client shall be responsible for any deficiency in its account(s)

in case of closing thereof in whole or in part by WGGCL or Client. If the funds

realized under this authorization are insufficient to pay all liabilities of Client to

WGGCL, Client shall pay the deficit and all unpaid liabilities, together with interest

thereon, and all costs of collection, including attorney's fees, witness fees, etc.

immediately. If WGGCL incurs expenses other than for the collection of deficits in

connection with any of the account(s) of Client, Client agrees to pay such expenses.

WGGCL also reserves the right of further investigation. Afterwards, WGGCL may

at its sole discretion consolidate any accounts being held in Client’s name and apply

any surplus to set off any debit balance between such accounts.

11. Consent to cross trading

Client hereby acknowledges and agrees that a situation may arise where an officer,

director, affiliate, associate, employee, bank, bank employee or dealer related to

WGGCL, or WGGCL itself, may be the opposing broker or principal for a

transaction effected for Client's account. Client hereby agrees to such transaction,

subject to any possible limitations and conditions contained in the rules or

regulations of any bank, institution, exchange or board of trade that executes such

trading orders, and those imposed by any other regulatory authority.

12. Margin, deposits and withdrawals

Client shall provide to and maintain with WGGCL a margin in such amount as

determined by WGGCL from time to time. Client is aware and agrees that WGGCL

has the exclusive right of determination, and may change such amount at any time

at its sole discretion based upon market conditions. Such amount may be greater or

less than those required by a peer. Client agrees to deposit such additional margin

as required by WGGCL in the manner required by WGGCL and will meet all

margin requirements in such mode of transmission as designated by WGGCL

immediately. Client shall bear all charges incurred during deposit, including bank

commission, exchange rate differences and all other relevant expenses. Client may

be unable to use the deposit immediately as the margin required for any new

position or additional margin. Client may suffer a loss from forced closing for not

meeting the margin requirement and such loss may be greater than its initial margin,

namely all funds in its account. WGGCL may close Client's account forcibly at any

time in accordance herewith and any failure by WGGCL to enforce this right shall

not be regarded as a waiver by WGGCL to enforce this thereafter. No previous

margin requirement by WGGCL shall preclude it from increasing such requirement

without notice. Client has the right to inform WGGCL to withdraw a specified

amount from the cash balance at any time. Client agrees to bear all charges incurred

during remittance or transfer, including bank commission, exchange rate

differences and all other relevant expenses. Client is fully aware that some time is

required for WGGCL and the relevant bank to process Client’s withdrawal, and

Client may be unable to receive the withdrawal instantly. Client agrees to hold

WGGCL harmless from all liabilities resulting from the untimely execution of its

withdrawal request. Once such request is confirmed, WGGCL shall deduct the

amount from Client’s account balance immediately.

Client must ensure that all current bank accounts designated by it belong to Client

itself, and WGGCL accepts no third party deposit or withdrawal (including but not

limited Introducing Broker) .

If Client grants deposit authority or control over its account to a third party without

WGGCL Approval, Client acknowledges and agrees that WGGCL has the right to

take following actions:

i) If Client has not made any transaction after account opening, WGGCL will

charge 10 % of third party deposit as operating cost before the deposit refund

through the bank account of the fund source.

ii) If Client has made any transaction after account opening, WGGCL will deduct

all benefits (including but not limited rebate and bonus), cancel all transactions

after the third party deposit and charge 10 % of third party deposit as operating

cost before the deposit refund through the bank account of the fund source.

iii) Client account will be suspended for investigation, prohibit any transactions on

the account. WGGCL may report such incidents to any competent regulatory

Page 10 of 12

and law enforcement agency at its sole discretion without prior notice.

13. Charges

Client shall pay such brokerage, commission and special service and all other

charges (including, without limitation, premiums and discounts, statement charges,

idle account charges, order cancellation charges, account transfer charges and other

charges), fees (including, without limitation, fees imposed by any interbank agency,

bank, contract market or other regulatory or self-regulatory organization) arising

from WGGCL’s services provided hereunder. WGGCL may charge its commission,

charges and/or fees without notice. Client agrees to pay the interest on its amounts

due to WGGCL to WGGCL. All such charges shall be paid by Client upon

incurrence, or as WGGCL may determine at its sole discretion, and Client hereby

authorizes WGGCL to withdraw the amount of any such charges from its

account(s). Client agrees to pay a transfer fee determined by WGGCL if it instructs

WGGCL to transfer any open position, fund and/or property from its account to

another institution. WGGCL acknowledges that all prices quoted to Client are free

from premiums and discounts.

14. Communications

Reports, statements, notices and other communications may be sent to Client via

the e-mail address or domicile on Client's Account Application, or to such other

e-mail address or domicile as Client may notify WGGCL in writing (Hong Kong

Client) or online (Mainland China/Overseas Client) from time to time. All

communications so sent, whether by mail, e-mail or otherwise, shall be deemed sent

by WGGCL when deposited with the relevant postal office or received by a

transmitting agency, and deemed delivered to Client personally, whether it is

actually received by Client or not.

15. E-mail acknowledgement

Client acknowledges that it is obligated to notify WGGCL of any change in its

e-mail address immediately.

16. Address acknowledgement

Client acknowledges that it is obligated to notify WGGCL of any change in its

domicile or mailing address immediately.

17. Confirmation of electronic transmissions and account statements

Client agrees that its account information and trading confirmations may be

provided on the WGGCL platform. Client may access its account information via

the WGGCL platform or using its personal online account. WGGCL will post all of

Client's account activities and Client will be able to generate daily, monthly reports

of account activities and a report of each closed transaction. Publication of account

information on Client's online account shall be deemed submission of trading

confirmation and account statements. At any time, account information shall

include trading confirmations with numbers, trading prices, occupied margin,

available amount of margin, profit and loss statements, as well as all positions and

pending order instructions.

18. Statements and confirmation

Confirmation reports of orders (e.g., daily and monthly statements) and statements

of accounts of Client shall be deemed correct, and final and binding upon Client if

not objected to in writing within two (2) days after delivery to Client via the

WGGCL platform or otherwise. Margin calls shall be final and binding unless

objected to immediately in writing. In lieu of sending trading confirmations by mail,

WGGCL will provide Client with Internet access to view Client’s account at any

time with an Internet login. Client's written objections shall be directed to WGGCL

at the latest office address indicated on WGGCL’s website, return receipt requested.

Failure to object shall be deemed approval of all actions taken by WGGCL before

Client’s receipt of such reports. Client's failure to receive a trading confirmation

shall not relieve it from the obligation to object as mentioned above. Once an order

or transaction is executed, and a confirmation thereof is issued, only Client is

obligated to review and record all orders and positions held in such accounts. See

Article 17 “Consent to electronic transmission of confirmations and account

statements” for more information.

19. Termination

This Agreement shall remain in effect until termination, and may be terminated by

Client at any time when Client has no open OTCGOLD position(s) and no

liabilities to WGGCL upon actual receipt by WGGCL of the written notice of

termination, or at any time by WGGCL upon delivery of the written notice of

termination to Client, effective from the closing of business on the day the notice is

sent. Such termination shall not affect any transaction previously entered into and

shall not relieve either Party from any obligation hereunder nor shall it relieve

Client from the obligation to repay any liability.

20. Amendment

Client agrees that WGGCL may amend, cancel or replace any provision hereof or

add any new provision hereto from time to time at its discretion. WGGCL will

notify Client of such amendment or change by publishing the same on its corporate

website. Client shall review such terms and conditions for any amendment regularly

and agrees to be bound by the same.

21. Information

Client agrees that: (i) any market information provided by WGGCL or any of its

employees to Client does not constitute an investment proposal, an offer to

purchase or sell any OTCGOLD contract or a solicitation to purchase or sell any

OTCGOLD position; (ii) although such information is derived from a data source

deemed reliable by WGGCL, it may be based completely on the personal opinion

of a certain employee, so such information is not necessarily complete and may

even be unconfirmed; and (iii) WGGCL neither makes any warranty nor assumes

any liability for the accuracy or completeness of any information provided to

Client.

22. No guarantee of profits or limited losses

Client acknowledges that it has entered into no separate agreement with any

WGGCL employee or third party concerning the trading in its WGGCL account,

including, without limitation, any agreement to guarantee profits or limit losses in

its account. Client agrees that it is obligated to notify WGGCL of any agreement of

this type immediately in writing. Client also agrees that any representation made by

anyone concerning Client's account that differs from any statement received from

WGGCL must be brought to the attention of WGGCL in writing.

23. WGGCL’s responsibilities

WGGCL shall not be responsible for any delay in the transmission of orders due to

a failure of transmission or communication facilities, electrical power outage or any

other cause beyond WGGCL's control or anticipation. WGGCL shall only be liable

for any action directly attributable to negligence, willful default or fraud on its own

part. WGGCL shall not be liable for losses arising from any default of any third

party.

24. Indemnification

Client agrees to indemnify and hold WGGCL harmless from and against any and all

liabilities, losses, damages, costs and expenses, including attorney's fees, incurred

by WGGCL arising from Client's failure to fully and timely perform its

commitments herein or failure any of the representations and warranties to be true

and correct. Client also agrees to pay immediately to WGGCL all damages, costs

and expenses, including attorney's fees, incurred by WGGCL in the enforcement of

any provision hereof. Further, WGGCL shall not be held liable and is relieved from

any claim or loss so incurred if such claim or loss is caused by (i) Client’s conduct:

Any action or omission to act on the part of Client or Authorized Persons; (ii)

forged signature: forged or unauthorized signatures on any document in respect of

Client’s account or this Agreement; (iii) failures: system failure, equipment failure,

system interruption or inoperability on the part of Client or WGGCL; (iv) delays:

delays, failures or errors in WGGCL’s execution of any instruction; and (v)

information: Inaccurate or incomplete instructions received from Client.

25. Financial condition

Client represents and warrants that it is financially sound, has considered the risks

of OTCGOLD trading very carefully before trading, and is aware of the portion of

its existing property that can be used as the risk capital. Client warrants and

represents that any loss arising from OTCGOLD trading would not, in any way,

change its lifestyle. Client agrees to immediately inform WGGCL if its financial

condition changes in such a way to reduce its risk capital.

26. Credit standing

Client authorizes WGGCL or its employees in WGGCL’s name to investigate

Client's credit standing and to contact such banks, financial institutions and credit

agencies as WGGCL thinks fit to verify Client information. Client further

authorizes WGGCL to investigate its present and past investment activities. In

addition, WGGCL shall, based on Client’s credit standing, have the right to ask

Client to provide required evidence (including, without limitation, recent tax returns

and vouchers of interest income) in order to review Client’s trading limit and/or

approve any application for increased trading limit submitted by it from time to

time.

27. Authorization to transfer funds

Client hereby agrees that WGGCL may apply and transfer from Client's account to

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any other account of Client held with WGGCL or any other approved financial

institution or its associates at any time based on the judgment of WGGCL and its

employees.

28. Collateral agreement

All funds, currencies and other property of Client which WGGCL carries for Client

or in its possession or control or carried on its books for any purpose at any time,

including safekeeping, shall be held by WGGCL as security and subject to a

general lien and right of setoff for liabilities of Client to WGGCL, regardless of the

number of accounts Client may have with WGGCL. WGGCL may apply and/or

transfer all funds, currencies or other property of Client between any of Client's

accounts at its sole discretion at any time without notice to Client. Client also

authorizes WGGCL to pledge, re-pledge, invest or loan any property of Client held

by WGGCL as margin or security, either separately or with the property of other

Clients, to itself or to others. This authorization applies to all accounts WGGCL

opens and holds for Client, and shall remain effective until Client discharges all

liabilities or WGGCL issues a cancellation notice.

29. Assignment of rights

WGGCL may assign all or any part of its rights and obligations hereunder to any

person without the prior consent or approval of Client.

30. Waiver or amendment

No provision hereof may be waived or amended unless such waiver or amendment

is made in writing and signed by both Client and an authorized person of WGGCL.

No waiver or amendment hereof may be implied from any course of dealing

between the Parties or from any failure by WGGCL to assert its rights hereunder in

any case. No oral agreement or instruction shall be recognized or executed.

31. Settlement date and rollovers

All precious metal positions will be indicated in Client's account in US dollars on

the trade date and settled within 48 hours. The settlement currency is the US dollar.

The resulting position will automatically roll over for an additional 48-hour period

unless (i) Client gives satisfactory instructions for delivery subject to WGGCL's

usual and customary charges and re-delivery fees; or (ii) Client enters an order that

is accepted and agreed by WGGCL at its sole discretion to offset the precious metal

position. Client shall provide WGGCL with acceptable re-delivery or offset

instructions by noon of the business day before the settlement date of the precious

metal position. In the absence of timely instructions from Client, WGGCL is

authorized to roll over the currency position in the WGGCL account(s) for Client's

account(s) at its sole discretion and at Client's risk. Client’s account(s) shall receive

interest upon rollover of the precious metal position.

32. Recordings

Client agrees that WGGCL shall have the right to use a recording program as the

conclusive evidence of any recorded instructions or communications. Client further

agrees that either Party may use such recordings and transcripts thereof as evidence

in respect of any dispute or proceeding that involves Client or WGGCL. Client is

aware and agrees that WGGCL may delete such recordings regularly pursuant to its

established business procedures.

33. Personal data privacy policy

The WGGCL Personal Data Privacy Policy is intended to protect Client’s rights

under the Personal Data (Privacy) Ordinance. When using Client’s data to provide

the best possible services, WGGCL will also pay great attention to arrangements for

use of Client’s data. WGGCL will attempt to comply fully with the personal data

protection requirements in accordance with the Personal Data (Privacy) Ordinance

of the Hong Kong Special Administrative Region. For this purpose, WGGCL will

cause its employees to observe the strictest security and confidentiality standards

stipulated by the Ordinance.

iv) All personal data collected by WGGCL is intended for use by WGGCL in its

business operations and other relevant activities only;

v) WGGCL works hard to ensure that its websites are secure and that industry

standards are met. WGGCL also uses other safeguards such as firewalls,

authentication systems (e.g. passwords and personal identification numbers)

and access control mechanisms to control unauthorized access to systems and

data;

vi) WGGCL will store Client’s personal data confidentially and protect the same

from embezzlement, and WGGCL’s employees will also respect Client’s

privacy and will never disclose any data to any unauthorized person;

vii) Client may review and modify its personal data stored by WGGCL from time

to time;

viii) Client agrees that WGGCL will disclose all of its data (and other information)

to regulatory authorities and other government agencies in accordance with

any ordinance or regulation of regulatory authorities;

ix) Client agrees that WGGCL will disclose all of its data to Payment Gateways as

an identity proof, in accordance with any ordinance and regulations of Online

Payment Systems;

x) WGGCL may set and access WGGCL cookies on Client’s computer, enabling

it to learn which advertisements and promotions bring users to its website.

WGGCL or any of its divisions may use cookies in respect of WGGCL’s

products and services and to track Client’s activities on its websites. Such

information that WGGCL collects and shares would be anonymous and not

personally identifiable;

xi) Client agrees that when providing services to it, WGGCL may authorize some

companies not affiliated thereto to use Client’s personal data, including

companies under contract to perform services on WGGCL’s behalf, such as

those preparing and mailing monthly statements, or software companies

processing maintenance and development processing. These companies acting

on WGGCL’s behalf are required to keep personal information confidential.

WGGCL will do its best to ensure that Client’s personal data collected by it is

stored properly in its storage system, and only authorized employees or companies

performing services on WGGCL’s behalf can have access to such data. However,

due to the open and global nature of the Internet, WGGCL may be unable to protect

and keep confidential Client’s personal data from intentional third party

interference. In case of browse of any Web page run by any third party via any Web

page of WGGCL, Client’s personal data shall not be protected by the WGGCL

Personal Data Privacy Policy.

34. Use of data in direct marketing

WGGCL /Wealth Group (hereinafter referred to as the “Group”) intend to use a

customer’s data in direct marketing and the Group requires the customer’s consent

(which includes an indication of no objection) for that purpose. In this connection,

please note that:

(i) the name, contact details, products and services portfolio information,

transaction pattern and behaviour, financial background and demographic

data of a customer held by the Group from time to time may be used by the

Group in direct marketing;

(ii) the following classes of services, products and marketing subjects may be

marketed:

(a) financial, wealth management, investment and related services and

products;

(b) reward, loyalty or privileges programmes and related services and

products;

(c) services and products offered by co-branding partners and/or any

affiliated member of the Group (the names of such co-branding

partners can be found in the application form(s) for the relevant

services and products, as the case may be); and

(d) donations and contributions for charitable and/or non-profit making

purposes;

(iii) the above services, products and marketing subjects may be provided or

solicited by the Group and/or:

(a) any companies, members, partners and affiliated companies of

Wealth Group;

(b) third party reward, loyalty, co-branding or privileges programme

providers; and

(c) charitable or non-profit making organizations;

(iv) in addition to marketing the above services, products and marketing

subjects itself, the Group also intends to provide the data described in

paragraph 34(i) above to the parties described in paragraph 34 (iii) for use

by them in marketing those services, products and marketing subjects, and

the Group requires the customer’s written consent (which includes an

indication of no objection) for that purpose.

If customers do not wish the Group to use or provide their data for use in direct

marketing as described above, the customers may exercise their opt-out right by

notifying the Group

35. Consent to jurisdiction and venue

Any dispute, controversy or claim arising here from or in connection herewith, or

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the termination or invalidation hereof, shall be settled by arbitration in accordance

with the UNCITRAL Arbitration Rules at the date any such arbitration commences

at the sole option and discretion of WGGCL. The appointing authority shall be the

Hong Kong International Arbitration Centre (“HKIAC”). There shall be only one

arbitrator and the venue for arbitration shall be Hong Kong. Such arbitration shall

be administered by HKIAC in accordance with HKIAC arbitration procedures in

force at the date such arbitration commences. The arbitral proceedings shall be

conducted in English.

36. Arbitration agreement

By agreeing to this arbitration clause, Client (i) waives its rights to sue against

WGGCL in any court of law, including the right of jury trial; and (2) agrees to be

bound by arbitration of any claim or counterclaim that Client or WGGCL may

submit to arbitration hereunder. Even if Client elects not to be bound by this

arbitration clause, it may also open an account with WGGCL.

37. Governing law and jurisdiction

This Agreement, and the rights and obligations of the Parties hereto, shall be

governed by, construed and enforced in accordance with the laws of the Hong Kong

Special Administrative Region, without giving effect to any conflict of laws that

may interfere with or prevent the application of this provision.

This Agreement together with the Account Application and the attachments

hereto constitutes the whole and entire Agreement in connection with the

subject hereof. This Agreement replaces all prior written and/oral agreements

signed by the Parties relating to the subject matter hereof – leveraged

OTCGOLD trading.

If there is any inconsistency between the Chinese and English versions of this

Agreement, the Chinese version shall apply and prevail

客户签署 Client’s Signature:

客户姓名 Client’s Name:

日期 Date:

盈富金汇有限公司代表人签署 Wealth Gold Group Company Limited Authorized Signature(s):

盈富金汇有限公司盖章 Wealth Gold Group Company Limited’s Chop:

日期 Date:

Nov

201

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