This website is operated by GNT Capital LTD, a Cayman Islands company. These “Terms and Conditions” explain the contractual agreement between you and GNT Capital LTD, regarding your use and access to the website located at https://www.globalnexttrade.com , any other website owned by GNT Capital LTD or any part thereof (collectively, the “Website”), our customer service (including refunds) and any resources, features, functionality or services available through the Site web. GNT Capital LTD reserves the right at any time and in its sole discretion to modify or discontinue, temporarily or permanently, the Website, Application or Service (or any part thereof) with or without notice.

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• To ensure that your credit, debit or payment card is not used without your consent, we will validate the name, address and other personal information you provide to us during the order process against the appropriate third party databases. By accepting these terms and conditions, you consent to such checks being carried out. You can be assured that this is done solely to confirm your identity, that no credit check is performed and that your credit rating will not be affected. All information you provide to us will be treated securely and strictly in accordance with the Data Protection Acts 1988 and 2003.

• The price you pay is the price displayed on this website at the time we receive your order. • When making a purchase on https://www.globalnexttrade.com , you authorize us to charge your debit or credit card as applicable.

• GNT Capital LTD Forex reserves the right to refund any deposit made by credit card in lieu of a withdrawal. Refund and return policy.

If you have any questions about the description on your credit card statement, please contact us.

Electronic Commerce Agreement

Important! Any person or organization accessing or attempting to access the online or electronic trading services of Gnt Capital Ltd or any affiliate of Gnt Capital Ltd (hereinafter “Gnt Capital Ltd”) must first accept the terms of this agreement. Such services will include all account statement reviews, new account creation, Internet trading and electronic order entry and reports, market, general trading information including quotes, charts, news and systems information , all clearing and back office functions and services, all provided by Gnt Capital Ltd to the user ("software"), the Gnt Capital Ltd website, as well as any other services that may be added from time to time ("in (hereinafter, collectively, “the systems”). This Agreement shall apply to any person or organization that accesses or attempts to access the Systems, as well as any person or organization that benefits from such use, including, without limitation, users who benefit from the use of the Systems by brokers acting on your behalf (“user”). All limitations of liability and disclaimers contained herein shall apply to the systems, regardless of whether the systems or any part thereof were developed or are serviced or supported by Gnt Capital Ltd. Use of the systems or signed acknowledgment by the user indicates the user's unconditional acceptance of all the terms of this agreement. If you find this agreement unacceptable, you should not use the systems. Gnt Capital Ltd is willing to provide the systems to the user only if the user agrees to be bound by the following terms.

1. Some of the information available on the Systems will be provided by GNT CAPITAL LTD, and some will be provided by various sources (“Information Providers”). The User acknowledges that neither GNT CAPITAL LTD nor the Information Providers guarantee the accuracy, completeness, timeliness and correct sequence of the information relating to the User's trading and account activity, quotes, market and trading news, charts , business analyzes and strategies and other information that may be added from time to time (collectively, the “Information”). The User agrees that in no case will GNT CAPITAL LTD, any of its affiliates or the Information Providers have any responsibility for the accuracy, completeness, timeliness or correct sequence of the Information, or for any decision made or adopted by the User based on the Information or the Systems, nor for any interruption of the Information provided by the Systems, nor for any aspect of the Systems. Additionally, some Information may be provided by exchanges through Information Providers, and this material is for informational purposes only. The Exchanges do not represent that the Information selected for display is exhaustive, complete, certified or accurate; They do not intend to, and do not, in any country, directly or indirectly, solicit business or offer any contract to any person through the medium of this Information; nor do they accept any responsibility or liability for allowing the user to link to another site on the World Wide Web, for the content of any other site, or for any consequences resulting from acting on the content of another site.

2. The User understands that technical problems or other conditions may delay or prevent the User from entering or canceling an order on the Systems, or may similarly delay or prevent GNT CAPITAL LTD from executing or settling an order on the Systems. Neither GNT CAPITAL LTD nor any of its affiliates will be responsible, and the User agrees not to hold or attempt to hold GNT CAPITAL LTD or any of its affiliates responsible, for any technical problems, failures and malfunctions of the Systems, failures in the lines of communication, equipment or software failures and malfunctions, Systems access problems, Systems capacity problems, high demand for Internet traffic or other Internet-related problems, security breaches, theft and other access unauthorized, and any other similar computer problems and defects, as well as severe weather conditions, earthquakes, floods and strikes or other labor problems related to the use or attempted use of the Systems. GNT CAPITAL LTD does not represent, guarantee or warrant that the User will be able to access or use the Systems at times or locations of the User's choosing, or that GNT CAPITAL LTD will have adequate capacity for the Systems as a whole or in any particular geographic location. . GNT CAPITAL LTD does not represent, guarantee or warrant that the Systems will provide uninterrupted and error-free service. GNT CAPITAL LTD makes no warranties, express or implied, with respect to the Systems or their content, including, without limitation, warranties of quiet enjoyment, non-infringement, title, merchantability or fitness for a particular purpose and merchantability for computer problems and for content informative. GNT CAPITAL LTD does not guarantee or warrant that the Systems will be free of infections, viruses, worms, Trojan horses or other code that manifest contaminating or destructive properties. Neither GNT CAPITAL LTD nor any of its affiliates shall be liable to the User for any loss, costs, damages or other losses, whether in contract or tort, arising from or caused in whole or in part by the use of or reliance on GNT CAPITAL LTD. or the User make of the Systems or their content, or for the performance of their obligations under or in connection with this Agreement. In no event will GNT CAPITAL LTD nor any of its affiliates be liable to the User or any third party for punitive, consequential, incidental, special, indirect (including lost profits and business losses and damages) or similar damages, even if informed. of the possibility of such damages. If some jurisdictions do not allow the exclusion or limitation of liability for certain damages, in such jurisdictions GNT CAPITAL LTD's liability will be limited in accordance with this Agreement to the extent permitted by law. GNT CAPITAL LTD reserves the right to suspend service and deny access to the Systems without prior notice during scheduled or unscheduled maintenance or upgrades to the Systems.

3. The User acknowledges that all orders placed through the Systems are made at his or her own risk. The User further acknowledges that the User's orders may be submitted directly to the trading floors of the various exchanges (or to an Electronic Trading System, if applicable), that there may be minimum capital requirements and limits established by each contract as to the number maximum contracts allowed for orders processed through the Systems, that current limits are subject to change, that contingency orders may not be accepted and that the direct online order placement service may be suspended on the last trading day of a contract. The User understands that orders submitted directly to the trading floors or to an Electronic Trading System may be reviewed by an order desk and, if the User does not meet the requirements, his or her order may be rejected. The User further understands that the User may be restricted from using the Systems or denied access to them at any time, and that GNT CAPITAL LTD reserves the right to require a margin deposit prior to the execution of any order. placed through the Systems, or as required by GNT CAPITAL LTD's margin policy. In the event that there is a restriction on the User's account or the User fails to make a margin deposit as required, neither GNT CAPITAL LTD nor any of its affiliates will be responsible for any delay or failure in providing the Systems, including ability to execute an order.

4. Although the Systems may provide access to numerous recommendations on how to invest and what to buy, none of these recommendations will be considered endorsed by GNT CAPITAL LTD. GNT CAPITAL LTD does not recommend any investment advisory services or products, nor provide advice on the nature, potential value or suitability of any particular investment transaction or strategy. NOTHING IN THIS AGREEMENT SHOULD BE CONSTRUED AS A SOLICITATION OR RECOMMENDATION TO PURCHASE OR SELL ANY INSTRUMENT OR CONDUCT ANY TRANSACTION.

5. (a) Upon approval of the User's account, GNT CAPITAL LTD will provide the User with an individual password and user identification code (“Access Codes”). The Access Codes are intended to allow the User to access their account and enter purchase and sale orders for their account through the Systems and, therefore, the User must maintain confidentiality and prevent unauthorized use of the Codes. access at all times. User accepts full responsibility for the use and protection of the Access Codes, including, but not limited to, all orders entered into the Systems using the Access Codes and changes to User's account information. that are entered through the use of Access Codes. The User hereby authorizes GNT CAPITAL LTD and any party claiming through GNT CAPITAL LTD to rely on any information or instructions set forth in any data transmission using the assigned Access Codes, without further investigation or inquiry, and regardless of the real identity of the person transmitting it, in relation to the operation of the Systems.

(b) The User accepts full responsibility for monitoring his/her account(s) with GNT CAPITAL LTD. In the event that the User becomes aware of any loss, theft or unauthorized use of their Access Codes, they must notify GNT CAPITAL LTD IMMEDIATELY by email at accounts@gntcapital.com.

(c) GNT CAPITAL LTD grants to the User, and the User accepts from GNT CAPITAL LTD, a non-exclusive and non-transferable license to use the Systems solely for the purposes provided herein and subject to any other agreement in force between the User and GNT

CAPITAL LTD. The User agrees that he will take reasonable measures to protect, and will not use, publish or disseminate, the information that is made available or accessible through the use of the Systems, including, without limitation, the Information, Access Codes and the Software, using methods at least substantially equivalent to the steps you take to protect your own proprietary information, but no less than a reasonable standard, during the term of this Agreement and for a period of five (5) years after expiration , termination, interruption or cancellation of this Agreement and will prevent duplication or disclosure of such information, except by or to its employees who must have access to the information to fulfill User's obligations hereunder, provided that User informs such employees of the restrictions in this Section 5 and provided that the User is solely responsible for said information. All materials that GNT CAPITAL LTD provides to the User in connection with the Systems, including, without limitation, all Information, Access Codes and Software, together with all modifications and revisions thereto, and all copyrights , trademarks, patents, trade secret rights and other intellectual and proprietary rights, titles and interests related thereto are the property of GNT CAPITAL LTD, GNT CAPITAL LTD's licensors, their successors and assigns, the Information Providers or other third parties, and are intended for the exclusive and individual use of the User. The User may not reproduce, modify, prepare derivative works, retransmit, broadcast, sell or distribute said materials in any way without the express written consent of both GNT CAPITAL LTD and the corresponding owner. Furthermore, the User will not allow any other person to access the Systems. User further agrees not to remove any copyright notices or other indications of protected intellectual property rights from materials that User prints or downloads from the Systems. All such materials are provided “AS IS” without warranty of any kind, either express or implied, including the warranties of merchantability, fitness for a particular purpose, non-infringement and title.

(d) The User accepts that his/her use of the Systems is done at his/her own risk. The User will be responsible for providing and maintaining the means by which the User accesses the Systems, which may include, without limitation, personal computer, modem, and telephone or other access line. The User will be responsible for all costs of access and services necessary to connect to the Systems and assumes all charges incurred to access the Systems. The User further assumes all risks associated with the use and storage of information on his or her personal computer.

(e) The User hereby assumes sole responsibility for the accuracy and appropriateness of the information entered in connection with the use of the Systems. The User will indemnify and hold harmless GNT CAPITAL LTD and its affiliates from any and all consequential,

incidental, special, punitive or indirect damages (including lost profits, business losses and damages) resulting from, arising out of or related to with such information, whether authorized or not. In the event that any inaccurate, incomplete or incorrect information relating to the User is communicated to GNT CAPITAL LTD, whether through the Systems or not, or in the event that the User determines that the Systems include inaccurate, incomplete information or incorrect related to the User, the User agrees to notify GNT CAPITAL LTD IMMEDIATELY by email at accounts@gntcapital.com. User also agrees to notify GNT CAPITAL LTD IMMEDIATELY, as provided herein, if (a) an order has been placed through the Systems and User has not received an order number; (b) an order has been placed through the Systems and the User has not received accurate acknowledgment of receipt (whether by hard copy, electronic or oral means) of the order or its execution; or (c) the User has received an acknowledgment of receipt (whether by hard copy, electronic or oral means) of an execution of an order that the User did not place; or any other conflict similar to those established here. The User agrees and acknowledges that GNT CAPITAL LTD shall have the right to rely on any oral, written or electronic communication, whether in tangible or intangible form, received from the User, including from any of the User's officers, partners, directors or employees.

(f) The User hereby agrees and accepts that:

6. will use the Systems solely for the purpose of placing orders for foreign exchange contracts and precious metals contracts, receiving requests and receiving reviews of online User account statements and the creation of new User accounts. Furthermore, the User will not carry out direct or indirect commercial transactions using the Systems with any of its affiliates; including, without limitation, the acceptance or counteroffer of any of its affiliates; and in connection therewith, the User agrees that GNT CAPITAL LTD may take actions, determined in its sole discretion, to prevent such transactions from taking place (but no such actions by GNT CAPITAL LTD will relieve the User of its obligations as set forth describes in this sentence);

7. will comply with the obligations arising in connection with any transaction carried out using the Systems, in accordance with the terms and conditions of such completed transaction. (a) The User agrees to indemnify and hold harmless GNT CAPITAL LTD, its affiliates and the Information Providers from and against any and all claims, demands, proceedings, suits and actions, as well as all losses, liabilities, damages, costs and expenses (including, without limitation, attorneys' fees) suffered by GNT CAPITAL LTD, resulting from or related to any claims, proceedings, suits and actions against GNT CAPITAL LTD arising from the violation by part of the User of this Agreement or the rights of third parties, including, without limitation, copyright, property and privacy rights. GNT CAPITAL LTD shall have the exclusive right to defend, settle or compromise any claim or demand instituted by any third party against GNT CAPITAL LTD, or against GNT CAPITAL LTD and the User, arising from the User's breach of this Agreement. The User hereby waives any and all rights it may have independently to defend, settle or settle any such claims or demands and agrees to cooperate to the extent of its capabilities with GNT CAPITAL LTD with respect to However, GNT CAPITAL LTD may, in its sole discretion, authorize and require the User to defend, resolve or settle such claims or demands as it deems appropriate at the User's expense, cost and responsibility. This indemnification and hold harmless obligation will survive any termination of this Agreement.

(b) GNT CAPITAL LTD reserves the right to terminate User's access to the Systems at its sole discretion, without notice and without limitation, for any reason, including, but not limited to, unauthorized use of Access Codes and /or account numbers of the User, the breach of this Agreement or the breach or termination of any agreement that the User has entered into with GNT CAPITAL LTD. Upon termination, cancellation or discontinuance of this Agreement, all rights granted in this Agreement shall immediately terminate and revert to GNT CAPITAL LTD, and User shall cease using the Systems and, if applicable, shall return or destroy, as requested by GNT CAPITAL LTD, all software (including all copies thereof).

(c) User agrees to pay all subscription, service and user fees, if any, and commissions, for any order executed through the Systems, and agrees that such fees may be changed without notice. User agrees to pay all costs (including attorneys' fees), if any, incurred by GNT CAPITAL LTD in collecting overdue fees from User.

(d) This Agreement is entered into in the User's personal capacity and not on behalf of any firm, corporation or other entity, unless the User's account is designated as such. The User agrees to use the Information solely in connection with its investment activities and not in connection with any commercial or business activities.

(e) All express or implied conditions, warranties or undertakings, whether oral or written, in law or in fact, including warranties of satisfactory quality and fitness for a particular purpose, with respect to the Information or any aspect of the Systems (including, but not limited to, access to Information and execution of orders), are excluded to the extent permitted by law.

(f) The User agrees that GNT CAPITAL LTD may retain and process, by computer or otherwise, any information obtained relating to the User as a result of the User's use of the Systems (“Personal Data”), and GNT CAPITAL LTD may access and use such information

for operational purposes, credit evaluation, statistical analysis, including behavioral analysis, and to identify and provide the User with information about products and services (including those provided by third parties) that may be of interest to the User. User or GNT CAPITAL LTD. The User agrees that GNT CAPITAL LTD may disclose Personal Data to authorized credit reference agencies and to any of GNT CAPITAL LTD's subcontractors, agents or Information Providers where necessary to provide the User with the Service, or in the event that GNT CAPITAL LTD has the right or duty to disclose or is permitted or required to do so by law. Personal Data will be deleted from the Systems as soon as reasonably possible after the User stops using the Systems, subject to applicable record-keeping requirements. The User's Personal Data may be transmitted or transferred electronically throughout the world. The User may consult their Personal Data and request rectification of incomplete or inaccurate information. These companies acting on our behalf are required to maintain the confidentiality of your personal information.

By signing this Agreement or using the Systems, the User represents that he or she has read and understood the above terms and conditions and agrees to be bound by them. This Agreement supplements any other agreement that the User has entered into with GNT CAPITAL LTD and disputes hereunder are subject to the terms of the Arbitration Agreement, if executed by the User. If any provision of this Agreement is invalid or unenforceable under applicable law, such provision will, to that extent, be deemed waived and the remaining provisions will continue in full force and effect. This Agreement and its performance shall be governed by and construed in accordance with the laws of the Cayman Islands. The terms and conditions of this Agreement shall remain in full force and effect and survive any termination, interruption or cancellation of this Agreement. GNT CAPITAL LTD may modify the Systems or change the terms of this Agreement, in whole or in part, by notice through the Systems, electronically and/or in writing.

Customer agreement

In consideration that GNT CAPITAL LTD, or any of its affiliates, agrees to maintain one or more accounts of the undersigned (hereinafter referred to as "Client") and provide services to the Client in connection with the purchase and sale of FOREX, Stocks, Options, Futures and other asset classes, including Contracts for Difference (collectively "CFDs") on Stocks, Futures, Currencies and any similar instruments (collectively "OTC Contracts"), which may be purchased or sold by or through GNT CAPITAL LTD for Customer accounts, Customer agrees to the following:

1. OPENING AN ACCOUNT. The Client understands, acknowledges and agrees that by entering into this Agreement, and subject to the terms and conditions of this Agreement, an account will be established in the name of the Client with GNT CAPITAL LTD., or any affiliate of Gnt Capital LTD (collectively “GNT CAPITAL LTD”), which GNT CAPITAL LTD, in its sole discretion, may choose. The Client further acknowledges that, subject to the terms and conditions set forth herein, GNT CAPITAL LTD will act as counterparty to all transactions entered into under this Agreement.

2. AUTHORIZATION TO TRADE GNT CAPITAL LTD is hereby authorized to buy and sell the above types of securities for the Client's account(s) in accordance with the Client's oral, written or electronic instructions. Unless otherwise indicated in writing by the Client, GNT CAPITAL LTD is authorized to execute all orders with itself as counterparty or with such other counterparties as GNT CAPITAL LTD deems appropriate.

3. GOVERNMENTAL RULES, OF THE COUNTERPART INSTITUTIONS AND OF THE INTERBANK SYSTEM. All transactions under this Agreement shall be subject to the constitution, statutes, rules, regulations, customs, usages, rules and interpretations of the counterparty institution or other interbank market (and its clearing organization, if any) where they are executed. and to all applicable laws of the Cayman Islands. If in the future any statute is enacted or any governmental authority adopts any rule or regulation that is binding on GNT CAPITAL LTD, this Agreement will be deemed modified or superseded, as the case may be, by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and any modified provisions shall continue in all respects in full force and effect. Customer acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements.

4. DEPOSIT AND MARGIN REQUIREMENTS. The Client must deposit with GNT CAPITAL LTD the guarantee or margin in the amounts that GNT CAPITAL LTD, in its sole discretion, may require. Margin requirements will vary depending on the e-commerce system and products traded. GNT CAPITAL LTD may change margin requirements at any time. The Client agrees to deposit by immediate bank transfer such additional margin when and as required by GNT CAPITAL LTD and will promptly comply with all margin requirements through such methods as GNT CAPITAL LTD designates in its sole discretion. GNT CAPITAL LTD may proceed at any time to liquidate the Client's account in accordance with paragraph 10 below, and any failure by GNT CAPITAL LTD to enforce its rights hereunder shall not be deemed a waiver by GNT CAPITAL LTD to subsequently enforce its rights. No collateral or margin prerequisite by GNT CAPITAL LTD shall prevent GNT CAPITAL LTD from increasing such requirement without prior notice. Margin requirements are conclusive and binding unless immediately objected to in writing. Client understands that a margin call may occur even in cases where account positions are hedged, as spreads may widen as set forth in paragraph 7 hereof, causing the remaining margin to decrease. If the remaining margin is not sufficient to maintain open positions, the account may undergo a margin call, closing all open positions in the account.

5. LIMITATION OF POSITIONS AND EXTRAORDINARY EVENTS. GNT CAPITAL LTD reserves the right to limit the quantity and/or the total number of open positions that the Client can acquire or hold in GNT CAPITAL LTD. GNT CAPITAL LTD reserves the right to refuse to accept any order. GNT CAPITAL LTD will not be liable for any loss or damage caused, directly or indirectly, by any event, action or omission outside the control of GNT CAPITAL LTD, including, without limitation, loss or damage resulting, directly or indirectly, from government restrictions, war, strikes, work stoppages and terrorist acts. GNT CAPITAL LTD shall not be liable for any damages including loss of profits or trading losses caused by delays or inaccuracies in pricing or the transmission of orders or information due to a breakdown or failure of any transmission or communication facility, unauthorized access, theft or system failures. The client understands that GNT CAPITAL LTD is authorized to claim any trading profits made by trading delayed or inaccurate prices.

6. PRICES, CONDITIONAL ORDERS AND MARKETS WITH GAP. The Client acknowledges and understands that GNT CAPITAL LTD does not guarantee the execution of orders at specific prices, including conditional orders such as stop and/or limit orders, specifically at times of increased volatility or volume, including market news announcements, due to to gaps in the markets, gray prices and market liquidity. Client understands that orders received during instances of increased market volatility will be executed at the next best available price or fair market value. Client acknowledges that during instances of market gaps, conditional orders, specifically stop loss orders, will be executed at the next available price following a market gap. Prices may exceed the price set in conditional orders, resulting in clients losing more funds than initially anticipated. The Client acknowledges that due to such risks, GNT CAPITAL LTD encourages clients to use market orders instead of conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that GNT CAPITAL LTD is not responsible for any losses, including margin calls, that occur as a result of conditional orders being filled during a gap in the market or orders being filled at certain prices as a result of grayed out prices. and/or limitations on market liquidity.

7. EXPANSION OF THE SPREADS. Client understands and acknowledges that there may be instances where spreads widen beyond the typical spreads offered. During volatile markets, such as news announcements, spreads can widen substantially to compensate for increased market volatility. The client is advised to exercise extreme caution when trading during increased volatility in the markets, including major news events, as widening spreads may adversely affect all positions in an account, including hedged positions.

8. SETTLEMENT DATE, RENEWALS AND INTEREST. GNT CAPITAL LTD is authorized, at its absolute discretion, to roll over or offset all or any part of the positions held in Forex CFDs within the Client's Account(s), held on any electronic trading platform, at Client risk. A transferred position may be subject to interest credits or debits until the position is closed. All futures CFDs do not roll over upon contract expiration. GNT CAPITAL LTD will close all positions upon expiration of the futures contracts and the client may, at its sole discretion, choose to purchase a new contract. At its sole discretion, GNT CAPITAL LTD may choose to offer the Client an interest-free account through which positions carried forward will not be subject to interest credits or debits. The Client agrees and acknowledges that if such account is offered to him by GNT CAPITAL LTD, GNT CAPITAL LTD has the authority to, at its sole discretion, at any time and for any reason, begin crediting and/or debiting interest charges to such account without prior notice to the Client.

9. LOAN AND GUARANTEE AGREEMENT. All funds, securities, currencies and other assets of the Client that GNT CAPITAL LTD or its affiliates may at any time hold for the Client (whether individually, jointly with others or as guarantor for any other person's account) or which may at any time be in its possession or control or which are on the books of GNT CAPITAL LTD for any purpose, including safekeeping, must be held by GNT CAPITAL LTD as collateral and subject to a general lien and right of set-off for all the obligations and responsibilities of the Client towards GNT CAPITAL LTD, regardless of whether or not GNT CAPITAL LTD has made advances in relation to such securities, currencies or other assets, and regardless of the number of accounts that the Client may have with GNT CAPITAL LTD. GNT CAPITAL LTD may, at its discretion, at any time and from time to time, without prior notice to the Client, apply and/or transfer part or all of the Client's funds or other property between any of the Client's accounts. The Client also hereby grants to GNT CAPITAL LTD the right to pledge, re-pledge, mortgage, invest or lend, whether separately or with the ownership of other Clients, to itself as a broker or to others, any securities or other property of the Client that GNT CAPITAL LTD has as margin or guarantee. GNT CAPITAL LTD shall at no time be obligated to deliver to Client identical

property delivered to or purchased by GNT CAPITAL LTD for any Client account. If the Customer receives delivery of Page 3 of 7 currencies through transaction settlement, GNT CAPITAL LTD is obliged to make full payment for the delivery with 24 hours' notice. If the balance in the Customer's account is not sufficient to pay for delivery, deposit receipts held in the name of the Customer or GNT CAPITAL LTD, as agent or nominee of the Customer, become property carried on margin in the Customer's account, since the Client does not pay them in full. This authorization will apply to all accounts maintained by GNT CAPITAL LTD for the Client and will remain in full force until the Client has paid all accounts in full or GNT CAPITAL LTD sends a notice of revocation.

10. SETTLEMENT OF ACCOUNTS / DEFICIT BALANCES. In the event of: (a) death or judicial declaration of incompetence of the Client, (b) filing of a bankruptcy petition, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against the Client, (c) filing of a lien against any of Client's accounts held by GNT CAPITAL LTD, (d) insufficient margin, or GNT CAPITAL LTD's determination that any collateral posted to protect one or more Client accounts is inadequate , regardless of the current market quotes, to secure the account, (e) the Client's failure to provide GNT CAPITAL LTD with any information requested pursuant to this agreement, or (f) any other circumstance or development that GNT CAPITAL LTD deems appropriate for its protection , then, in the sole discretion of GNT CAPITAL LTD, may take one or more, or any part of, the following actions: (i) satisfy any obligation that the Client may have to GNT CAPITAL LTD, either directly or by way of security of caution, of any of the Client's funds or assets under its custody or control, (ii) sell or purchase any or all Contracts, securities or assets held or maintained for the Client, and (iii) cancel any or all outstanding orders or contracts , or any other commitment made on behalf of the Client. Any of the above actions may be taken without margin call or additional margin, without prior notice of sale or purchase or other notice to the Client, the Client's personal representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest will be solely with the Client or will be held jointly with others. Upon settlement of the Client's long or short positions, GNT CAPITAL LTD may, at its sole discretion, offset in the same settlement or may initiate new long or short positions to establish a spread or straddle which, at GNT CAPITAL LTD's sole discretion , may be advisable to protect or reduce existing positions in a Client's account. Any sale or purchase hereunder may be made at the discretion of GNT CAPITAL LTD in any interbank or other market in which such transactions are customarily carried out or at a public auction or private sale, and GNT CAPITAL LTD may purchase all or

part of it without the right to reimbursement. The Client will at all times be responsible for the payment of any deficit balance in the Client's account(s) at the request of GNT CAPITAL LTD and, in all cases, the Client will be responsible for any remaining deficit in the account(s). account(s) of the Client in case of total or partial liquidation thereof by GNT CAPITAL LTD or the Client. In the event that the proceeds obtained pursuant to this authorization are insufficient to pay all of the Client's obligations and liabilities owed to GNT CAPITAL LTD, the Client shall pay immediately upon demand. The shortfall, together with the applicable interest, to a rate equal to three points above the prime rate in force at the main bank of GNT CAPITAL LTD or the maximum interest rate permitted by law, whichever is lower. Client agrees to pay and will be responsible for all reasonable costs and expenses of collection, including, but not limited to, attorneys' fees, witness fees, and travel expenses. In the event that GNT CAPITAL LTD incurs expenses other than those related to the collection of shortfalls, with respect to any of the Client's accounts, the Client agrees to pay such expenses.

11. MONTHLY ACCOUNT STATEMENTS AND CONFIRMATIONS. The Customer's order transaction confirmations and account statements, available only online, will be deemed correct and accurate, and will be conclusive and binding on the Customer if not immediately objected in writing to accounts@gntcapital.com, within five (5) business days after said activity is reviewable online. Failure to object will be deemed acceptance and ratification of all actions taken by GNT CAPITAL LTD or GNT CAPITAL LTD's agents. The failure of the Client to receive a transaction confirmation shall not relieve the Client of the duty to consult GNT CAPITAL LTD and to object as set out herein.

12. COMMISSIONS AND RATES. The Client agrees to pay all charges related to CFD transactions carried out by or through GNT CAPITAL LTD, including, without limitation, commissions, surcharges, transaction fees, transfer and cancellation charges, and inactive account fees. GNT CAPITAL LTD may adjust its charges without prior notice. All such charges will be paid by Customer as incurred and will be deducted from Customer's account. GNT CAPITAL LTD may share such commissions or surcharges and rebates with third parties. Transaction fees can be found per trade on page 4 of 7 of certain trading platforms. Funded accounts that remain inactive for a period of six (6) months will be charged a dormant account fee of $50.00 USD. The failure of GNT CAPITAL LTD to collect such fees does not waive or invalidate your right to deduct such fees in the future.

13. RESPONSIBILITIES OF GNT CAPITAL LTD. GNT CAPITAL LTD will not be responsible for delays in the transmission of orders due to a breakdown or failure of transmission or

communication facilities, power failure or any other cause beyond the control or anticipation of GNT CAPITAL LTD. GNT CAPITAL LTD is not responsible for losses or other adverse effects that occur to Clients' accounts as a result of gaps in the markets, price changes or instances of increased volatility in the markets. GNT CAPITAL LTD will only be liable for your actions directly attributable to gross negligence, willful default or fraud on the part of GNT CAPITAL LTD. GNT CAPITAL LTD will not be liable for any losses arising from the failure of any agent or any other party used by GNT CAPITAL LTD under this Agreement. Since over-the-counter contracts are not traded on an exchange, the prices at which GNT CAPITAL LTD is willing to trade or the quotes published by GNT CAPITAL LTD may differ from prices confirmed or quoted by other market makers or CFD dealers.

14. IDENTITY VERIFICATION. Customer acknowledges and agrees that Customer must send copies of current government-issued identification and address verification documents to GNT CAPITAL LTD along with a signed copy of this Agreement. The Client further agrees that GNT CAPITAL LTD has the authority to delay, cancel or otherwise postpone transactions or the deposit/withdrawal of funds, regardless of the amount, until the Client has provided copies of identification documents and/or verification of current government-issued address, as required. After receiving such documentation, GNT CAPITAL LTD reserves the right to request additional documentation for GNT CAPITAL LTD to properly verify the identity of the Client. The Client understands that failure to provide such documentation will authorize and obligate GNT CAPITAL LTD to report the same to the appropriate government agencies.

15. RISK OF CURRENCY FLUCTUATION. If the Client instructs GNT CAPITAL LTD to carry out a CFD transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely at the Client's risk; (b) all deposits for margin purposes if made in a currency other than the US dollar may be converted into US dollars, in such amounts as GNT CAPITAL LTD may require in its sole discretion; and (c) GNT CAPITAL LTD is authorized to convert funds in the Client's account for margin in and from such foreign currency at an exchange rate determined by GNT CAPITAL LTD in its sole discretion based on prevailing money market rates. then.

16. RISK RECOGNITION. The Client acknowledges that investments in leveraged and non-leveraged trading are speculative, involve a high degree of risk and are appropriate only for persons who can bear the risk of loss in excess of their margin deposit to carry CFD positions and may result in significant losses that substantially exceed the Client's investment and margin deposit. The Client represents and warrants to GNT CAPITAL LTD

that the Client is willing and able, financially and otherwise, to assume the risk of trading in CFD transactions and, in consideration of GNT CAPITAL LTD maintaining its account(s) s), the Client agrees not to hold GNT CAPITAL LTD responsible for losses incurred through transactions. The Client acknowledges that guarantees of profits or absence of losses are impossible in the negotiation of Contracts. The Client acknowledges that it has not received any such guarantees from GNT CAPITAL LTD or any of its introducing or referring agents or other entities with which the Client is managing its GNT CAPITAL LTD account and that it has not entered into this Agreement in consideration or in reliance on such warranties or similar representations. If the Client has received such guarantees or incentives, the Client is advised to report such activity to GNT CAPITAL LTD as soon as possible.

17. CUSTOMER REPRESENTATIONS AND WARRANTIES. The Client represents and warrants to GNT CAPITAL LTD that: (a) the Client is of sound mind, is of legal age and has legal capacity, (b) no person other than the Client has or will have an interest in the Client's account(s), (c) regardless of any subsequent determination to the contrary, the Client is qualified to trade Contracts and understands the risk inherent in such transactions, (d) the Client confirms that all funds deposited in your account are the property of the account holder and from any other person or entity, (e) Client is not a resident or citizen of the United States as defined by applicable law, and (f) all information provided by Client to GNT CAPITAL LTD in account or registration applications is otherwise true, correct and complete as of the date hereof, and Client will immediately notify GNT CAPITAL LTD of any change in such information.

18. DISCLOSURE OF FINANCIAL INFORMATION. The Client represents and warrants to GNT CAPITAL LTD that the financial information disclosed to GNT CAPITAL LTD herein is an accurate representation of the Client's current financial situation and that the Client has carefully considered the portion of the Client's assets that the Client Client considers risk capital available for investment in Contracts. The Client acknowledges that risk capital is the amount of money that the Client is willing to put at risk and that, if lost, the Client would not change his or her lifestyle in any way. The Client agrees to inform GNT CAPITAL LTD immediately if the Client's financial situation changes in such a way that the Client's net worth, liquid assets and/or risk capital is reduced.

19. JOINT ACCOUNTS. If this account is in the name of more than one person, all joint owners and beneficiaries are jointly and severally liable to GNT CAPITAL LTD for any and all obligations arising from all transactions on the account and each agrees to be bound by all the terms and conditions of this Agreement. Additionally, each person named on this account has the authority to: (a) conduct transactions on the account subject to this Agreement, (b) receive all correspondence and documents related to the account, (c) receive or withdraw money from the account , (d) execute agreements related to the account and (e) deal with GNT CAPITAL LTD in its entirety. GNT CAPITAL LTD, however, has the authority to require joint action by the account parties on matters related to the account. GNT CAPITAL LTD has possession of the collateral in the account, whether owned by the account holders individually or jointly. If the death of one or more of the owners occurs, GNT CAPITAL LTD will be notified in writing and shown proof of a death certificate. All expenses due as of the notification date will be charged to the account. Unless the Joint Account Application Form indicates otherwise, each account holder is presumed to have an equal interest in the account.

20. MODIFICATION. GNT CAPITAL LTD may modify this Agreement by giving written notice to the client in accordance with Section 25 hereof. Verbal agreements or instructions to the contrary will not be recognized or enforced. This instrument and its annexes constitute the entire agreement of the parties and supersede all prior written and oral agreements, and there are no other terms, conditions or obligations than those contained herein.

21. APPLICABLE LAW. This Agreement and the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding or arbitration arising directly or indirectly out of this Agreement, or in connection with the transactions contemplated by this Agreement, whether initiated by Customer or GNT CAPITAL LTD, will be governed by the laws of the Cayman Islands, without reference to its conflict of laws principles.

22. JURISDICTION. Any dispute, controversy or claim that may arise out of or in connection with this Agreement, or the performance, breach, termination or invalidity thereof, shall be resolved by the Court of Commercial Arbitration of the Cayman Islands in accordance with its Rules. The language to be used in the arbitration proceedings will be English and the place of arbitration will be Cayman Islands, Cayman Islands. The arbitral tribunal shall consist of not more than two (2) arbitrators and all proceedings shall be conducted and decision rendered based solely on the submission of documents and other similar materials. There will be no oral hearings or oral arguments. Client hereby waives the right to have such proceedings transferred to another jurisdiction. Customer may not initiate any arbitration under or related to this Agreement more than one year after the date of the transaction giving rise to the cause of arbitration, regardless of when Customer discovers the facts related to the cause of arbitration. . Page 6 of 7.

23. TERMINATION. This Agreement shall continue in force until terminated and may be terminated by the Client at any time when it has no obligations to GNT CAPITAL LTD or to GNT CAPITAL LTD, upon receipt by GNT CAPITAL LTD at its office of a written notice of termination. , or at any time by GNT CAPITAL LTD upon transmission of written notice of termination of any of the obligations set forth in this Agreement. Termination by the Client will not relieve the Client of the obligation to pay any deficit balance on the account.

24. INDEMNIFICATION. Customer agrees to indemnify and hold harmless GNT CAPITAL LTD, its affiliates, subsidiaries, employees, agents, successors and assigns from and against all liabilities, losses, damages, costs and expenses, including attorneys' fees, incurred by GNT CAPITAL LTD. as a result of Client's failure to fully and timely comply with Client's agreements set forth herein or if any of Client's representations and warranties to GNT CAPITAL LTD are not true and correct. Customer also agrees to promptly pay to GNT CAPITAL LTD all damages, costs and expenses, including attorneys' fees, incurred by GNT CAPITAL LTD in the enforcement of any of the provisions of this Agreement and any other agreement between GNT CAPITAL LTD and the Client.

25. NOTIFICATIONS. Client agrees and acknowledges that all notice requirements set forth in this Agreement shall be satisfied by GNT CAPITAL LTD by sending any notice to the email address submitted along with this Agreement by Client.

26. RECORDED CONVERSATIONS. The Client accepts and acknowledges that all conversations may be recorded. Account-related conversations between the Client and GNT CAPITAL LTD staff may be electronically recorded with or without the use of an automatic warning tone. The Client further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving the Client or GNT CAPITAL LTD. The Client understands that GNT CAPITAL LTD destroys such recordings at regular intervals in accordance with GNT CAPITAL LTD's established business procedures and hereby consents to such destruction.

GNT CAPITAL LTD is registered in the Cayman Islands with its registered office at Two Artillery Court, 2nd Floor, 161 Shedden Road, George Town, PO Box 799, KY1-1103, Cayman Islands.