INDV AppFormSG OCT2012 ENG v3

Version 07-05-2014
CITIBANK N.A
CitiFX Pro
Risk Disclosure Statement

Important Information
Retail forex transactions involve the leveraged trading of contracts denominated in foreign currency with a national bank as your
counterparty. Because of the leverage and the other risks disclosed here, you can rapidly lose all of the funds or property you
pledge to the national bank as margin for retail forex trading. You may lose more than you pledge as margin.
If your margin falls below the required amount, and you fail to provide the required additional margin, your national bank is
required to liquidate your retail forex transactions. Your national bank cannot apply your retail forex losses to any of your assets or
liabilities at the bank other than funds or property that you have pledged as margin for retail forex transactions. However, if you
lose more money than you have pledged as margin, the bank may seek to recover that deficiency in an appropriate forum, such as
a court of law.
You should be aware of and carefully consider the following points before determining whether retail forex trading is appropriate
for you.
1. Trading is not on a regulated market or exchangeyour national bank is your trading counterparty and has conflicting
interests. The retail forex transaction you are entering into is not conducted on an interbank market nor is it conducted on a
futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The
foreign currency trades you transact are trades with your national bank as the counterparty. When you sell, the national bank
is the buyer. When you buy, the national bank is the seller. As a result, when you lose money trading, your national bank is
making money on such trades, in addition to any fees, commissions, or spreads the national bank may charge.
2. An electronic trading platform for retail foreign currency transactions is not an exchange. It is an electronic connection for
accessing your national bank. The terms of availability of such a platform are governed only by your contract with your
national bank. Any trading platform that you may use to enter into off-exchange foreign currency transactions is only
connected to your national bank. You are accessing that trading platform only to transact with your national bank. You are
not trading with any other entities or customers of the national bank by accessing such platform. The availability and
operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is
governed only by the terms of your account agreement with the national bank.
3. You may be able to offset or liquidate any trading positions only through your banking entity because the transactions are
not made on an exchange or regulated contract market, and your national bank may set its own prices. Your ability to close
your transactions or offset positions is limited to what your national bank will offer to you, as there is no other market for
these transactions. Your national bank may offer any prices it wishes, including prices derived from outside sources or not in
its discretion. Your national bank may establish its prices by offering spreads from third-party prices, but it is under no
obligation to do so or to continue to do so. Your national bank may offer different prices to different customers at any point
in time on its own terms. The terms of your account agreement alone govern the obligations your national bank has to you to
offer prices and offer offset or liquidating transactions in your account and make any payments to you. The prices offered by
your national bank may or may not reflect prices available elsewhere at any exchange, interbank, or other market for foreign
currency.
4. Paid solicitors may have undisclosed conflicts. The national bank may compensate introducing brokers for introducing your
account in ways that are not disclosed to you. Such paid solicitors are not required to have, and may not have, any special
expertise in trading and may have conflicts of interest based on the method by which they are compensated. You should
thoroughly investigate the manner in which all such solicitors are compensated and be very cautious in granting any person
or entity authority to trade on your behalf. You should always consider obtaining dated written confirmation of any
information you are relying on from your national bank in making any trading or account decisions.
5. Retail forex transactions are not insured by the Federal Deposit Insurance Corporation.
2014 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
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CITIBANK N.A
Risk Disclosure Statement

6. Retail forex transactions are not a deposit in, or guaranteed by, a national bank.
7. Retail forex transactions are subject to investment risks, including possible loss of all amounts invested.
Finally, you should thoroughly investigate any statements by any national bank that minimize the importance of, or contradict,
any of the terms of this risk disclosure. These statements may indicate sales fraud.
This brief statement cannot, of course, disclose all the risks and other aspects of trading off-exchange foreign currency with a
national bank.
Please acknowledge that you have received and understood this risk disclosure statement. Otherwise please do not proceed
any further with this application.*
I HEREBY ACKNOWLEDGE THAT I HAVE RECEIVED AND UNDERSTOOD THIS RISK DISCLOSURE STATEMENT BY CHECKING
YES IN THE BOX BELOW.
YES
Date
*If you are not completing your application online but are sending hard copy application materials, please acknowledge
that you have received and understood this risk disclosure statement by signing and dating it below:
I HEREBY ACKNOWLEDGE THAT I HAVE RECEIVED AND UNDERSTOOD THIS RISK DISCLOSURE STATEMENT.
Title
Print Name
ID/Passport Number
Date
Signature
Please refer to http://www.occ.gov/news-issuances/federal-register/76fr41375.pdf or the website of the Office of the Comptroller

of the Currency at http://www.occ.treas.gov/ for more information on the Risk Disclosure Statement.
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CITIBANK N.A
Quarterly Profitability Results

Quarterly results
For each of the most recent four calendar quarters during which Citibank, NA maintained retail forex customer accounts, Citibank, NA
is required to disclose:
(i) The total number of retail forex customer accounts maintained by Citibank, NA over which Citibank, NA does not
exercise investment discretion;
(ii) The percentage of such accounts that were profitable for retail forex customer accounts during the quarter; and
(iii) The percentage of such accounts that were not profitable for retail forex customers during the quarter.
Legal entity
Quarter
% Profitable
% Unprofitable
Total Non-Discretionary Accounts
Citibank, N.A. New York
2013-Q2
42%
58%
664
2013-Q3
35%
65%
645
2013-Q4
42%
58%
632
2014-Q1
38%
62%
645
**Past performance is not necessarily indicative of future results**
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An Explanation of Pricing on CitiFX Pro

CitiFX Pro offers different pricing models depending on your needs and initial account opening size. These are tradable
prices, available under normal market conditions.1
Spread pricing for Standard Accounts
Available for accounts with a minimum opening balance of US$10,000.
Please visit www.citifxpro.com/spreads for the most up-to-date Target Spreads and margin requirements.
The actual spread paid by you on a trade may be greater (or less) than the Target Spread. See notes below1. Your total transaction
cost on any trade may include:
The spread2
A Swap charge or credit on each rollover based on the LIBOR/LIBID interest rates of the two traded currencies with a markup/
mark-down of +/-0.25%.
An Interest component LIBOR/LIBID +/- 0.5% which will be credited or debited at rollover for any unrealized profit or loss on
the position.
Currency conversions of trading profits and losses at the prevailing, plus/minus 0.5%.
You should review the www.citifxpro.com/spreads web pages from time to time for any updates/changes to Target Spreads,
swap charge rates, rate or basis for interest charges, or currency conversion charge rates.
Spread pricing for Premium Accounts
Please visit www.citifxpro.com/spreads for the most up-to-date Target Spreads and margin requirements.
The spread2
the position.
Currency conversions of trading profits and losses at the prevailing close rate, plus/minus 0.5%.
You should review the www.citifxpro.com/spreads web pages from time to time for any updates/changes to Target
Spreads, swap charge rates, rate or basis for interest charges, or currency conversion charge rates.
1
CitiFX Pro endeavors to provide you with the most competitive target bid/ask spreads available under normal market conditions and taking into
account the category of your account as specified above. The Target Spreads and auto-execution amounts may be adjusted by Citi subject to other
considerations, as determined by Citi from time to time, including, without limitation, volatility and poor liquidity. In periods of high volatility or poor
liquidity, the spreads may be increased and auto-execution amounts may be reduced (in some cases, auto-execution may be disabled altogether and
deals will be routed for manual execution).
2
Clients receive a bid-ask price which reflects the total spread paid to the national bank. This spread may reflect a markup and is in addition to other
possible charges, such as commissions. The bid-ask price at the time the transaction is entered into reflects the maximum transaction cost for the
transaction: whether a buy or a sell. The spread being paid for a purchase or a sale is exactly one-half of the total bid-ask spread as is displayed in the
bid-ask price at the time the transaction is entered into. This bid-ask price may vary depending on the underlying market conditions and other factors
and clients should be careful to examine the total width of the bid-ask spread in order to assess their total transaction cost.
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Commission pricing for Premium Accounts
Commission of US$35 per USD million traded or as otherwise agreed with you. Please contact CitiFX Pro for further details on
commission pricing.
Your total transaction cost on any trade may include:
The commission
The spread2
the position.
You should review the www.citifxpro.com/spreads web pages from time to time for any updates/changes to Target Spreads,
swap charge rates, rate or basis for interest charges, or currency conversion charge rates.
Customized bid-ask spread set
Available on a case-by-case basis at CitiFX Pros discretion. Please contact CitiFX Pro for further details on Customized bid-ask
spread sets.
The spread2
A Swap charge or credit on each rollover based on the LIBOR LIBID interest rates of the two traded currencies with a markup/
the position.
You should review the www.citifxpro.com/spreads web pages from time to time for any updates/changes to Target
Spreads, swap charge rates, rate or basis for interest charges, or currency conversion charge rates.
TERMS AND CONDITIONS APPLY. Full details at www.citifxpro.com/pricing-terms
1
CitiFX Pro endeavors to provide you with the most competitive target bid/ask spreads available under normal market conditions and taking into
account the category of your account as specified above. The Target Spreads and auto-execution amounts may be adjusted by Citi subject to other
considerations, as determined by Citi from time to time, including, without limitation, volatility and poor liquidity. In periods of high volatility or poor
liquidity, the spreads may be increased and auto-execution amounts may be reduced (in some cases, auto-execution may be disabled altogether and
deals will be routed for manual execution).
2
Clients receive a bid-ask price which reflects the total spread paid to the national bank. This spread may reflect a markup and is in addition to other
possible charges, such as commissions. The bid-ask price at the time the transaction is entered into reflects the maximum transaction cost for the
transaction: whether a buy or a sell. The spread being paid for a purchase or a sale is exactly one-half of the total bid-ask spread as is displayed in the
bid-ask price at the time the transaction is entered into. This bid-ask price may vary depending on the underlying market conditions and other factors
and clients should be careful to examine the total width of the bid-ask spread in order to assess their total transaction cost.
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Pricing for TradeStream accounts
Pricing for TradeStream accounts is negotiated on a case-by-case basis directly with customers based on anticipated volumes.
Please contact CitiFX TradeStream sales for further details on how pricing is structured.
Your total transaction cost for dealing on TradeStream may include:
The commission. Commissions are negotiated on the basis of a fee per million traded and are settled in the clients nominated
funding currency.
The spread1
The roll. After the 5 pm NY time close of each trading day, net open positions by currency pair are automatically rolled
forward to the new spot date2.
The conversion. Conversions of profit or loss in a term currency to the clients account currency. Profit or loss will be
unrealized in the MTM field of the Trade Stats view of the CitiFX Click platform until settlement date, at which point it will be
realized and transferred to the Collateral field of the Margin Stats view of the CitiFX Click platform3.
1
Clients receive a bid-ask price which reflects the total spread paid to the national bank. The spread may include a markup and is in addition to other
possible charges such as commissions. The bid-ask price at the time the transaction is entered into reflects the maximum transaction cost for the
transaction: whether a buy or a sell. The spread from the mid-price being paid for a purchase or sale is exactly one half of the total bid ask spread
as it is displayed in the bid ask price at the time the transaction is entered into. The bid ask price may vary depending on the underlying market
conditions and other factors. Clients should be careful to examine the total width of the bid ask spread in order to assess their total transaction cost.
2
A Tom/Next swap for buying/selling or selling/buying for the previous spot date is booked via a Forward trade on the near leg of the swap to close
the open position, and a Spot Trade (+/- swap points applied to the spot rate) on the far leg of the swap to re-open the position at the new spot date.
The swap points are provided by Citis Short Term Interest Rate Trading business directly to TradeStream, and may reflect a markup/markdown of
not greater than the equivalent of +/- 0.25% on the LIBOR/LIBID interest rates of the two traded currencies.
3
i) If a position is opened and closed during the same business day, a conversion is automatically booked as a spot trade, using a live bid or offer price.
For a profit in the term currency the bid rate will be used and for a loss in the term currency, the offer rate will be used. The spot rate used for the
conversion trade is a single source Citi price feed which may include a markup of not greater than +/- 0.5% of the rate provided.
ii) If a position is fully or partially closed that was opened on a previous day, profit or loss generated in the term currency will be converted to the
clients funding currency for the same value date as the closing trade through a Spot conversion as part of the post 5 pm daily rollover process
described above. The spot rate used for the conversion trade is a single source Citi price feed which may include a markup of not greater than +/0.5% of the rate provided.
iii) Conversions resulting from the near leg of the rollover [closing leg] are booked as a Forward transaction as they will be the booked for the same
value date as the near leg of the swap, and may reflect a markup/markdown of not greater than the equivalent of +/- 0.25% on the LIBOR/LIBID
interest rates of the two traded currencies. The profit or loss on the near leg forward trade (difference between opening position and near leg closing
swap position) is converted to the clients funding currency.
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CitiFX Pro
Individual Account Application

Instructions for completing your CitiFX Pro application
1 Submitting your application
a) Review the application information. Sign and date the bottom of pages 2, 14, 18 or 19 (as appropriate), 43 and 49
and complete any section specific to applicant from your country of residence.
b) Send by fax +65 3158 0364 or e-mail citifxpro.sg@citi.com copies or scans of pages 1-14, 18 or 19 (as appropriate),
43 and 49 and copies or scans of the following support documents:
Valid government-issued identification card (either permanent ID card or passport)
Proof of residency issued in your name within the previous 3 months (i.e., bank statement, rates bill or utility bill
and proof of permanent address (if dufferent)) Any additional document for applicants from your country of
residence.
c) Send your original signed Client Agreement (pages 1-55) via mail to:
CitiFX Pro
Robinson Road Post Office
P.O. Box 656
Singapore 901306
2 Approval and Activation

If your account is approved, a CitiFX Pro representative will contact you at the e-mail address listed in your
application. An origunal applicantio is required befor the account can be approved.
If you have any questions, please contact us at +65 3158 0363 or citifxpro.sg@citi.com
To help the United States Government fight terrorism and money laundering, Federal law requires us to obtain, verify and record
information that identifies each business or entity that opens an account or establishes a relationship. What this means for you is
that: when you open an account or establish a relationship, we will ask for your street address and a tax identification number,
which Federal law requires us to obtain. We appreciate your cooperation.
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ECP Status
* Are you an eligible contract participant1 or an individual who has amounts invested
on a discretionary basis, the aggregate of which is in excess of US$10,000,000?
Yes
No
If the answer is yes or if uncertain, please contact CitiFX Pro to discuss further. If the answer is no, please proceed with the
application.
1 The term eligible contract participant is defined at 7 U.S.C. 1a(18), and for purposes most relevant to the above generally
includes:
(a) A corporation, partnership, proprietorship, organization, trust, or other entity
(1) That has total assets exceeding US$10,000,000;
(2) The obligations of which under an agreement, contract, or transaction are guaranteed or otherwise supported by a letter
of credit or keepwell, support, or other agreement by certain other eligible contract participants; or
(3) That:
(i) Has a net worth exceeding US$1,000,000; and
(ii) Enters into an agreement, contract, or transaction in connection with the conduct of the entitys business or to manage
the risk associated with an asset or liability owned or incurred or reasonably likely to be owned or incurred by the entity in
the conduct of the entitys business;
(b) Subject to certain exclusions,
(1) A governmental entity (including the United States, a State, or a foreign government) or political subdivision of a
governmental entity;
(2) A multinational or supranational governmental entity; and
(3) An instrumentality, agency, or department of an entity described in (b)(1) or (2); and
(c) An individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of
(1) US$10,000,000; or
(2) US$5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset
owned or liability incurred, or reasonably likely to be owned or incurred, by the individual.
The above is not an exhaustive definition of eligible contract participant. Please contact Citi FX Pro if you have any queries.
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For Individual Applicants from Singapore only
Please note that this page is for applicants from Singapore only.
CitiFX Pro is only able to accept applications from Singapore applicants that qualify either as Accredited Investors or as Expert
Investors (as defined by the MAS).
These are defined as:
Accredited Investors
Individuals (a) whose net personal assets exceed in value S$2 million (or its equivalent in a foreign currency); or (b) whose
income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency).
Expert Investors
Persons whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or
agent. Such persons will comprise solely of individuals with experience in trading in financial markets, as part of their business or
employment. NB.: Individuals whose experience consists solely of trading in financial markets in a proprietary or personal capacity
would not be considered expert investors.
Please indicate which of the approved types you qualify under, and include the required documentary evidence along with your
application:
Inverstor Type
Additional documentation required
Accredited Investor:
Current Income statement, Bank Statement or Letter of Employment
Expert Investor:
Business Card or Letter of Employment
Please note, that you are required to advise us of any change in your circumstances that would result in your not qualifying
under the Investor Type you have selected above.
For anti-money laundering purposes, please also complete the following:
Account Details
Purpose of Account
(In the case where more than one of the following boxes apply, please check the TWO primary ones):
Personal Use
Business Operations
Others (please specify):
DECLARATION OF IDENTITY OF BENEFICIAL OWNER 1.

By signing this application, you hereby declare that you, being the account holder(s), are the beneficial owner(s) of the
Account and the assets that may from time to time be transferred to us.
1
The term beneficial owner refers to the natural person(s) who ultimately owns (through one or more shareholdings) and/or controls the account
holder and/or the person on whose behalf a transaction is being conducted. It also incorporates those persons who exercise ultimate effective control
over a legal person and/or arrangement. The beneficial owner does not necessarily have to be granted power of attorney or signatory authority for
the banking relationship contemplated hereunder.
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Fields marked with an asterisk (*) are mandatory.
Account Applicant
* Title: (select one)
Mr
Miss
Mrs
Ms
Other:
* Given names:
Also Known As (AKA):
* Family name / Surename:

* Middle name:
* Tax ID Type:
* Tax ID number:
* Tax ID Country of Issuance:
* Tax ID Date of Issuance:
* Tax ID Expiration Date (if applicable):
* Gender:
* Marital Status:
* Date of Birth:
* Citizenship:
* Senior Public Figure1:
Yes
No
Yes
No
* Permanent ID card number / passport number:
Nationality Information
* Are you a US citizen or do you hold a US green card?#
If yes, please provide your US social security number _______________________________________________________________________

# Applicants who respond Yes to this question will need to complete the W9 on page 18. Other applicants will need to complete
Form W8 on page 19.
Contact Information
* Primary phone number:
* Secondary phone number:
Home fax number:
* Email address:
* Business phone number:
* Celllular phone number:
Main Address
* Street address:
* City:
* State / Province:
* Zip / Postal code:
* Country:
* How long have you lived at this address?
Legal / Resgistered Address (if not same as Main Address)

Street address:
City:
State / Province:
Zip / Postal code:
Country:
1
Senior Public Figure is a senior official or executive with substantial authority over policy, operations, or the use of government-owned resources,
including:
A current or former senior official in the executive, legislative, administrative, military or judicial branches of a government, whether or not elected;
A senior official of a major political party; or
A senior executive of a government-owned or government-funded corporation, institution, or charity.
Also an immediate family member, close associate or entities of which a Senior Public Figure is a beneficial owner.
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Mailing Address
(if not same as Main Address)
Street address:
City:
State / Province:
Zip / Postal code:
Country:
Previous Address
(if at current address less that 3 years)
Street address:
City:
State / Province:
Zip / Postal code:
Country:
Employment Status
* Employment status:
Employed
Self-Employed
Nature of business
Unemployed
Employment Details
Retired
(required if currently employed)
Name of current employer:
Nature of business:
Occupation:
Years with current employer:
Business address:
City:
State / Province:
Zip / Postal code:
Country:
Business telephone number:
Business fax number:
Previous Employment Details
(required if with current employer less than 3 years or retired)
Name of current employer:
Nature of business:
Occupation:
Years with current employer:
Business address:
City:
State / Province:
Zip / Postal code:
Country:
Business telephone number:
Business fax number:
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Citi Relationship
Yes
* Do you have an account with any company within Citi?

If yes, please indicate your relationship with Citi:
Company
Account #
Country of Account
No
Relationship manager
Smith Barney
Private Bank
Citigold
Other (specify)
* Will Citi or any Citi affiliate be providing advice or otherwise managing or directing your trading acivities on or with
respect to any account that you open with CitiFX Pro?
Yes
No
Yes
No
If yes, please provide details:
Relationship with Retail Forex Counterparties

* Are you (or is your relative, spouse, or a relative of such spouse who shares the same home as you) an emloyee, officer,
director, partner, agent, owner of 10 percent or more of the capital stock of the retail forex business of any national
bank, retail foreign exchange dealer, futures commission merchant or of its associated person?
Financial Information
The questions below abot your financial status will help us assess your qualifications for a CitiFX Pro account. All financial information will be kept
confidential by CitiBank in accordance with the provacy and confidenciality policies that you can view elsewhere on the CitiFX Pro website.
* What is your annual income?
Under US$50,000
US$50,000 - US$74,999
US$75,000 - US$99,999
US$100,000 - US$124,999
US$125,000 - US$149,999
US$150,000 - US$199,999
US$200,000 - US$299,999
US$300,000 - US$499,999
US$500,000 - US$999,999
US$1,000,000 - US$4,999,999
US$5,000,000 - US$9,999,999
Over US$10,000,000
* What is your estimated net worth (assets minus liabilities)?
Under US$100,000
US$100,000 - US$199,999
Your net worth is the total of all of your assets (stocks, bonds, bank
US$200,000 - US$299,999
US$300,000 - US$499,999
US$500,000 - US$999,999
US$1,000,000 - US$9,999,999
accounts, vehicles, real estate property, other assets and receivables,

etc.) minus the total of your liabilities (outstanding loans owed, other
payables, etc.)
Over US$10,000,000
If your estimated net worth is greater than US$10 million, please provide your actual estimated net worth:
* What is your estimated liquid net worth (cash and liquid assets)?
Under US$50,000
US$50,000 - US$74,999
Your liquid net worth includes net assets that can be readily
US$75,000 - US$99,999
US$100,000 - US$124,999
turned into cash without a major loss in value (liquid stocks,
US$125,000 - US$149,999
US$150,000 - US$99,999
bonds, cash accounts, etc.)
US$200,000 - US$299,999
US$300,000 - US$499,999
US$500,000 - US$999,999
US$1,000,000 - US$9,999,999
Over US$10,000,000
If your estimated liquid net worth is greater than $10 million, please provide your actual estimated liquid net worth:
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* Please identify primary source of wealth (check all that apply)
Business Revenue
Management of Client Assets / Assests Under Management for Fund
Compensation / Employment
Real Estate (rental income from real estate, real estate transactions)
Investments (not including real estate)
Inheritance / Trust Fund
Other (specify)
* Please further explain your source of wealth:
* Have you ever declared bankruptcy?
Yes
No
Yes
No
If yes, please provide date and details:
Trading Experience
The questions below about your trading experience will help us assess your qualifications for a CitiFX Pro account.
* Do you have previous trading and investment experience in financial markets?
How many years?
Less than 1 year
What is your frequency of trades?
1 year to less than 3 years
Daily
Weekly
3 years to less than 5 years
Monthly
5 years or more
Yearly
What products have you traded / invested in? (Check all that apply)
Equities
Fixed income
FX
Commodities
Other
Yes
* Do you have previous experience trading any leveraged product?
No

How many years?
Less than 1 year
What is your frequency of trades?
1 year to less than 3 years
Daily
Weekly
3 years to less than 5 years
Monthly
5 years or more
Yearly
What leveraged products have you traded in? (Check all that apply)
Margined FX
Futures
Margined equities
CFDs
Other
Financial knowledge and experience

* Are you aware of the volatility of currency rates?
Yes
No
* Are you aware of availability of liquidity in currency markets?
Yes
No
* Are you aware of the factors influencing currency rate movements?
Yes
No
* Do you understand the impact of leverage and risks involved in trading margined products?
Yes
No
* Do you have exper ience with risk reducing tools such as stop loss and limit orders?
Yes
No
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Account Details
* Account currency: (select one)
USD
* How will the account be funded?
EUR
GBP
Citibank account
JPY
SGD
HKD
CHF
Account at another firm
* How much do you intend to fund the account with (initial margin)?
Please note that the minimum initial margin is USD 10,000 or EUR, GBP, or CHF equivalent.
How Did You Hear About Us?

Internet:
Other:
Print:
Search engine
Trader publication
Personal reference
Advertisement on financial website
Financial publication
Seminar
Advertisement on other website
Non financial publication
TV / Radio
Blog
Others
Others
Others
If you were referred by a Financial Advisor / Broker, please provide name and details:
Title
Print Name
ID/Passport Number
Date
Signature
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W-9
Form
(Rev. August 2013)
Department of the Treasury
Internal Revenue Service
Request for Taxpayer

Identification Number and Certification
Give Form to the

requester. Do not
send to the IRS.
Print or type
See Specific Instructions on page 2.
Name (as shown on your income tax return)

Business name/disregarded entity name, if different from above
Exemptions (see instructions):
Check appropriate box for federal tax classification:

Individual/sole proprietor
C Corporation
S Corporation
Partnership
Trust/estate
Exempt payee code (if any)
Limited liability company. Enter the tax classification (C=C corporation, S=S corporation, P=partnership)
Other (see instructions)
Address (number, street, and apt. or suite no.)
Exemption from FATCA reporting

code (if any)
Requesters name and address (optional)
City, state, and ZIP code

List account number(s) here (optional)
Part I
Taxpayer Identification Number (TIN)
Enter your TIN in the appropriate box. The TIN provided must match the name given on the Name line
to avoid backup withholding. For individuals, this is your social security number (SSN). However, for a
resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other
entities, it is your employer identification number (EIN). If you do not have a number, see How to get a
TIN on page 3.
Social security number
Note. If the account is in more than one name, see the chart on page 4 for guidelines on whose
number to enter.
Employer identification number
Part II
Certification
Under penalties of perjury, I certify that:

1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), a
2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Reven
Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am
no longer subject to backup withholding, and
3. I am a U.S. citizen or other U.S. person (defined below), a
4.. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correc
Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding
because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage
interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and
generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the
instructions on page 3.
Sign
Here
Signature of
U.S. person
Date
General Instructions
withholding tax on foreign partners share of effectively connected income, and
Section references are to the Internal Revenue Code unless otherwise noted.
Future developments. The IRS has created a page on IRS.gov for information
about Form W-9, at www.irs.gov/w9. Information about any future developments
affecting Form W-9 (such as legislation enacted after we release it) will be posted
on that page.
Purpose of Form
A person who is required to file an information return with the IRS must obtain your
correct taxpayer identification number (TIN) to report, for example, income paid to
you, payments made to you in settlement of payment card and third party network
transactions, real estate transactions, mortgage interest you paid, acquisition or
abandonment of secured property, cancellation of debt, or contributions you made
to an IRA.
Use Form W-9 only if you are a U.S. person (including a resident alien), to
provide your correct TIN to the person requesting it (the requester) and, when
applicable, to:
1. Certify that the TIN you are giving is correct (or you are waiting for a number
to be issued),
2. Certify that you are not subject to backup withholding, or
3. Claim exemption from backup withholding if you are a U.S. exempt payee. If
applicable, you are also certifying that as a U.S. person, your allocable share of
any partnership income from a U.S. trade or business is not subject to the
4. Certify that FATCA code(s) entered on this form (if any) indicating that you are
exempt from the FATCA reporting, is correct.
Note. If you are a U.S. person and a requester gives you a form other than Form
W-9 to request your TIN, you must use the requesters form if it is substantially
similar to this Form W-9.
Definition of a U.S. person. For federal tax purposes, you are considered a U.S.
person if you are:
An individual who is a U.S. citizen or U.S. resident alien,
A partnership, corporation, company, or association created or organized in the
United States or under the laws of the United States,
An estate (other than a foreign estate), or
A domestic trust (as defined in Regulations section 301.7701-7).
Special rules for partnerships. Partnerships that conduct a trade or business in
the United States are generally required to pay a withholding tax under section
1446 on any foreign partners share of effectively connected taxable income from
such business. Further, in certain cases where a Form W-9 has not been received,
the rules under section 1446 require a partnership to presume that a partner is a
foreign person, and pay the section 1446 withholding tax. Therefore, if you are a
U.S. person that is a partner in a partnership conducting a trade or business in the
United States, provide Form W-9 to the partnership to establish your U.S. status
and avoid section 1446 withholding on your share of partnership income.
Cat. No. 10231X
2014 Citigroup Inc. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Form W-9 (Rev. 8-2013)
Page 18 of 55
Version 07-05-2014
Form
W-8BEN
(Rev. February 2006)
Department of the Treasury

Internal Revenue Service
Certificate of Foreign Status of Beneficial Owner

for United States Tax Withholding
OMB No. 1545-1621
Section references are to the Internal Revenue Code.

See separate instructions.
Give this form to the withholding agent or payer. Do not send to the IRS.
Do not use this form for:

A U.S. citizen or other U.S. person, including a resident alien individual
A person claiming that income is effectively connected with the conduct
of a trade or business in the United States
A foreign partnership, a foreign simple trust, or a foreign grantor trust (see instructions for exceptions)
A foreign government, international organization, foreign central bank of issue, foreign tax-exempt organization,
foreign private foundation, or government of a U.S. possession that received effectively connected income or that is
claiming the applicability of section(s) 115(2), 501(c), 892, 895, or 1443(b) (see instructions)
Note: These entities should use Form W-8BEN if they are claiming treaty benefits or are providing the form only to
claim they are a foreign person exempt from backup withholding.
A person acting as an intermediary
Note: See instructions for additional exceptions.
1
Name of individual or organization that is the beneficial owner
Type of beneficial owner:
W-8ECI or W-8EXP
W-8IMY
Country of incorporation or organization
Individual
Corporation
Disregarded entity
Partnership
Grantor trust
Complex trust
Estate
Government
International organization
Central bank of issue
Tax-exempt organization
Private foundation
Simple trust
Permanent residence address (street, apt. or suite no., or rural route). Do not use a P.O. box or in-care-of address.
City or town, state or province. Include postal code where parropriate
Country (do not abbreviate)
Mailing address (if different from above)

City or town, state or province. Include postal code where appropriate.
Country (do not abbreviate)

7
U.S. taxpayer identification number, if required (see instrucitons)

SSN or ITIN
Foreign tax identification number, if any (optional)
EIN
Reference number(s) (see instructions)
Claim of Tax Treaty Benefits (if applicable)
Part II
9
10
W-8ECI
W-8ECI or W-8IMY
Identification of Beneficial Owner (See instructions.)
Part I
Instead, use Form:

W-9
I certify that (check all that apply):

a
The beneficial owner is a resident of

the United States of that contry.
b
c
If required, the U.S. taxpayer identification number is stated on line 6 (see instructions).
The beneficial owner is not an individual, is claiming treaty benefits for dividends received from a foreign corporation or interest from a
U.S. trade or business of a foreign corporation, and meets qualified resident status (see instructions).
The beneficial owner is related to the person obligated to pay the income within the meaning of section 267(b) or 707(b), and will file
Form 8833 if the amount subject to withholding received during a calendar year exceeds, in the aggregate, $500,000.
within the meaning of the income tax treaty between
Th e beneficial owner is not an individual, derives the item (or items) of income for which the treaty benefits are claimed, and, if
applicable, meets the requirements of the treaty provision dealing with limitation on benefits (see instructions).
Special rates and conditions (if applicablesee instructions): The beneficial owner is claiming the provisions of Article
of the
.
% rate of withholding on (specify type of income):

treaty identified on line 9a above to claim a
Explain the reasons the beneficial owner meets the terms of the treaty article:
Notional Principal Contracts
Part III
11
I have provided or will provide a statement that identifies those notional principal contracts from which the income is not effectively
connected with the conduct of a trade or business in the United States. I agree to update this statement as required.
Part IV
Certification
Under penalties of perjury, I declare that I have examined the information on this form and to the best of my knowledge and belief it is true, correct, and complete. I
further certify under penalties of perjury that:
1 I am the beneficial owner (or am authorized to sign for the beneficial owner) of all the income to which this form relates,
2 The beneficial owner is not a U.S. person,
3 The income to which this form relates is (a) not effectively connected with the conduct of a trade or business in the United States, (b) effectively connected but is
not subject to tax under an income tax treaty, or (c) the partners share of a partnerships effectively connected income, and
4 For broker transactions or barter exchanges, the beneficial owner is an exempt foreign person as defined in the instructions.
Furthermore, I authorize this form to be provided to any withholding agent that has control, receipt, or custody of the income of which I am the beneficial owner or
any withholding agent that can disburse or make payments of the income of which I am the beneficial owner.
Sign Here
Signature of beneficial owner (or individual authorized to sign for beneficial owner)
For Paperwork Reduction Act Notice, see separate instructions.
Date (MM-DD-YYYY)
Cat. No. 25047Z
Capacity in which acting

Form
W-8BEN
(Rev. 2-2006)
Printed on Recycled Paper
2014 Citigroup Inc. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Page 19 of 55
Version 07-05-2014
CitiFX Pro
CITIBANK N.A
Privacy Notice
FACTS
WHAT DOES CitiFX Pro

DO WITH YOUR PERSONAL INFORMATION?
Why?
In the United States, financial companies choose how they share your personal information.
Federal law gives consumers the right to limit some but not all sharing. Federal law also
requires us to tell you how we collect, share, and protect your personal information. Please
read this notice carefully to understand what we do.
What?
The types of personal information can include:
How?
Social Security number

employment history and trading experience
assets, income and net-worth information
account balances and transaction history
credit history
All financial companies need to share customers personal information to run their
everyday business. In the section below, we list the reasons financial companies can share
their customers personal information; the reasons CitiFX Pro choose to share; and whether
you can limit this sharing. Given the international nature of our business, we may transfer
your personal information to any country in the world, including countries which may not
have laws protecting the collection, holding, processing or use of your personal information
which are as strong as the laws in your country. By entering into the CitiFX Pro Client
Agreement, you agree to these international transfers.
Reasons we can share your personal information
Does CitiFX Pro share? Can you limit sharing?
For our everyday business purposes - such as to process your

transactions, maintain your account(s), respond to court orders
and legal investigations, or report to credit bureaux
YES
NO
For our marketing purposes - to offer our products and

services to you
YES
NO
For joint marketing with other financial companies
YES
NO
For our affiliates everyday business purposes - information

about your transactions and experiences
YES
NO
For our affiliates everyday business purposes - information about

your creditworthiness
YES
YES
For our affiliates to market to you
YES
YES
For non-affiliates to market to you
YES
YES
* Laws of local jurisdictions may give you additional rights in relation to our sharing of your personal information. See the next page for more
information.
Page 20 of 55
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CitiFX Pro
CITIBANK N.A
Privacy Notice
To limit our
sharing
Call 65 - 3158 0363 to inform us of your privacy choices.

Complete the Mail-In Form below and send to the address listed below.
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we
sent this notice. When you are no longer our customer, we continue to share your information
as described in this notice.
However, you can contact us any time by phone or by mail to limit our sharing. You may also
contact us by email at citifxpro.sg@citi.com
Questions?
Mail-in Form
Call 65 - 3158 0363
Mark any / all you want to limit:

Do not share information about my creditworthiness with
your affiliates for their everyday business purposes.
Do not allow your affiliates to use my personal
information to market to me.
Do not share my personal information with
non-affiliates to market their products and services to me.
The privacy choices you make will apply until you tell us to
make a change.
Name
Address
If you filled in any of

the boxes above,
please mail this form
in a stamped
City
envelope to:
State
CitiFX Pro Robinson

Road Post Office
P.O. Box 656,
Singapore 901306
ZIP
e-mail address
Who we are
Who is providing this notice?
This notice is provided by CitiFX Pro, a business of Citibank, N.A. for individual clients
of its retail foreign exchange trading business in the United States.
Page 21 of 55
Version 07-05-2014
CitiFX Pro
CITIBANK N.A
Privacy Notice
What we do
How does CitiFX Pro protect
my personal information?
To protect your personal information from unauthorized access and use, we use
security measures to comply with federal law. These measures include computer
safeguards and secured files and buildings.
We collect your personal information, for example, when you
provide account information or give us your contact information
How does CitiFX Pro collect my

personal information?
apply for an account with CitiFX Pro

provide employment, assets or net-worth information
We also collect your personal information from others, such as credit
bureaux, affiliates, or other companies.
Federal law gives you the right to limit only
sharing for affiliates everyday business purposes information about your
creditworthiness
affiliates from using your information to market to you
sharing for non-affiliates to market to you
Why cant I limit all sharing?
State laws and individual companies may give you additional rights to limit sharing.
See below for more on your rights understate law. You will be required to provide
personal information to us from time to time in connection with CitiFX Pro. If you do not
provide us with your personal information, or do not allow us to share your personal
information with our affiliates or non-affiliates, we may not be able to provide you with,
or continue providing you with some or all facilities in connection with CitiFX Pro.
What happens when I limit

sharing for an account I hold
jointly with someone else?
Your choices will apply to everyone on your account unless you tell us
otherwise.
Definitions
Companies related by common ownership or control. They can be financial and nonfinancial companies.
Affiliates
Our affiliates include companies with a Citi name; financial companies such as
CitiMortgage, Inc., Citigroup Global Markets Inc. and Banamex USA and Citigroup
Global Markets Singapore Pte Ltd.
Companies not related by common ownership or control. They can be financial and
non-financial companies.
Non-affiliates
Joint marketing
Non-affiliates we share with can include companies engaged in direct marketing

and the selling of consumer products and services and service providers who
have been assigned or sub-contracted any services or functions in connection
with the operation of CitiFX Pro and the procision of related services/
information.
A formal agreement between non-affiliated financial companies that together market
financial products or services to you.
Page 22 of 55
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CitiFX Pro
Privacy Notice
Other important information

More information on the use, collection and sharing of your personal information can be found in the CitiFX Pro Client
Agreement and in the Privacy Notice for users of CitiFX Pro on the CitiFX Pro website www.citifxpro.com/privacy
For Vermont Residents: We will not share information we collect about you with non-affiliated third parties, except
as permitted by Vermont law, such as to process your transactions or to maintain your account. In addition, we will
not share information about your creditworthiness with our affiliates except with your authorization.
For California Residents: We will not share information we collect about you with non-affiliated third parties, except
as permitted by California law, such as to process your transactions or to maintain your account.
For personal information collected, held, processed or used in Hong Kong: As your personal information may be
collected, held, processed or used in Hong Kong, the Hong Kong Personal Data (Privacy) Ordinance (PDPO requires
us to tell you how we deal with your personal information and your rights under the PDPO.
Under the PDPO, you have a right to:
enquire whether we hold personal information about you;
request access to personal information within a reasonable time; in a reasonable manner and in a form that is
unintelligible; and/or
request access to personal information that we hold about you.
We may, at our discretion, charge you a reasonable fee for such requests. You will be given reasons if your request for
access or correction is refused and you have the rights to object to any such refusal. If you wish to seek to exercise
any of these rights, please call us on (852) 5808 0955 or email us at citifxpro.sales@citi.com
Hong Kong law may also give you addtional rights to limit sharing. We will not transfer your personal information
to non-affiliates for monetary gains without your express and voluntary consent. We will seek your express and
voluntary consent to any such transfers.
For personal information collected, held, processed or used in Singapore: As your personal data
information may be collected, held, processed or used in Singapore, the Singapore Personal Data Protection
Act (PDPA requires us to tell you how we deal with your personal data and your rights under the PDPA.
Under the PDPA, you have a right to:
request access to personal data within a reasonable time;
request access to or correct the personal data that we hold about you or that is under our control;
withdraw your consent to our use of the personal data that we hold about you;
Please refer to the Circular for further detail on how what personal data we collect and the circumstances under
which we may use or disclose it. If you do not provide us with your personal data, or do not allow us to share your
personal data with our affiliates or non-affiliates as set out in the Circular, we may not be able to provide you, or
continue providing you with some or all facilities in connection with CitiFX Pro.
We may, at our discretion, charge you a minimal fee for such requests. You will be given reasons if your request for
access or correction is refused where we are not prohibited to do so under applicable law. If you wish to seek to
exercise any of these rights, please call us on +65 3158 0363 or email us at citifxpro.sales@citi.com .
Page 23 of 55
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CITIBANK N.A
CitiFX Pro
Client Agreement
CITIFX PRO FOREIGN CURRENCY ACCESS AND TRADING AGREEMENT
The agreement will be entered into by Citibank N.A. (Citi) operating through its New York offices. Citibank N.A. is an entity organized
under the laws of the United States.
In consideration of Citi agreeing to (a) electronically enter into non-deliverable spot foreign currency contract(s) with the person(s)
signing this Foreign Currency Access and Trading Agreement (Agreement, which expression shall include the Schedule and the
relevant country annex (Country Annex) appended hereto, each as may from time to time be amended, supplemented or replaced)
as a Counterparty (collectively, you or the Counterparty), (b) carry one or more foreign currency trading accounts for or on
behalf of Counterparty (each an Account), and (c) provide related services to Counterparty in connection with Counterpartys
foreign currency contracts or any transactions, all as more fully described below, Counterparty hereby acknowledges and agrees
with Citi as follows:
1. Authorization to Trade. Subject to the terms of this Agreement and all related agreements, Counterparty may purchase and
sell from Citi over the counter (OTC) foreign currencies on a spot basis to be reflected in Counterpartys Account(s) (including
any Account(s) for which Counterparty is jointly responsible) in accordance with instructions communicated through entry on Citis
foreign currency trading system which Citi makes available to Counterparty via electronic means (such trading system to be referred
to as CitiFX Pro) or such other oral or written instructions (including the instructions of Counterpartys Authorized Representatives
(including the Authorized Dealers, each as defined in paragraph 11) and designated Account Manager (as defined in paragraph
13)) (together Instructions) that may be accepted by Citi. Counterparty agrees to be responsible for any Instruction received
electronically by Citi that is identified with Counterpartys User Codes (as defined in paragraph 11 below) and for any electronic, oral
and written Instruction (including, but not limited to, any order) to Citi from persons which Citi, in its sole and absolute judgment,
believes are authorized by Counterparty, or given to Citi by any person quoting the number of the Account and any of Counterpartys
identifying particulars, and Citi may choose to accept such Instructions without any further authority from Counterparty and without
any further notice, reference or other recourse to Counterparty. Citi may treat all Instructions given by any person who has quoted
the number of Counterpartys Account and any of Counterpartys identifying particulars as authentic, valid, properly executed and as
fully authorized by and binding on the Counterparty. Citi will have no responsibility for further inquiry into such apparent authority
and no liability for the consequences of any actions taken or not taken by Citi in reliance on any such Instructions or on the apparent
authority of any such persons regardless of the prevailing circumstances or the nature of the transaction and notwithstanding any
error, misunderstanding, fraud, forgery, lack of authority or lack of clarity pertaining to any such Instruction.
2. Margin Requirements. In accordance with Citis margin policy and the retail foreign exchange regulations issued by the Office
of the Comptroller of Currencies in the United States Department of the Treasury (the OCC Rules), Citi will require Counterparty
to post with Citi all moneys, open foreign currency contracts and transactions, or other assets or property of Counterparty (in
a form and with such haircuts acceptable to Citi), now or at any future time transferred, delivered or credited by or on behalf of
Counterparty to Citi or to one or more accounts at Citibank, N.A. that hold margin of CitiFX Pro counterparties, in each case, to be
held along with similar funds of other CitiFX Pro counterparties, as margin or otherwise in respect of Counterpartys obligations
under or in respect of the Accounts or this Agreement (all of the foregoing collectively referred to as the Margin Funds) to margin
any new, open and existing foreign currency contract or transaction prior to, and following, the execution of any order placed with
Citi. If an order that Counterparty enters would place Counterpartys Account in an under-margined position, Citi may not accept
Counterpartys order for execution until sufficient Margin Funds have been transferred to Citi. None of the Indemnified Persons
(defined below) will be responsible for any delay or failure to execute any order with Citi including, without limitation, in the event
that Counterpartys Account is for any reason suspended or restricted, any limit is placed on the number of open foreign currency
contracts or transactions that Counterparty may hold or acquire through CitiFX Pro or Counterparty delays or fails to make a transfer
of Margin Funds.
Counterparty agrees to maintain at all times such level/amount of Margin Funds required by Citi from time to time (Margin) with
Citi and to meet any Margin calls in respect of any under-margined position(s) as Citi, in its sole and absolute discretion, may from
time to time request. Such requests will be communicated to Counterparty through CitiFX Pro or by sending an e-mail message to
Counterparty or orally or in such other manner as Citi may from time to time determine. Counterparty will meet all Margin calls as
soon as practicable but in any event no later than the close of business on the day such request is made by Citi. Counterparty will
make transfers of Margin Funds by wire transfer with immediately available funds or in such other form acceptable to Citi and all
costs and expenses incurred (including but not limited to any taxes, duties or fees) in connection with such transfer shall be borne by
Counterparty. At no time will Counterparty maintain Margin in an amount less than Citi requires. From time to time political, economic,
market and/or other conditions or factors may arise or persist that may, directly or indirectly, lead to a rapid and/or significant
change in the prices or rates in respect of, and/or value of, Counterpartys open foreign currency contracts and transactions and/or
Margin Funds, with the immediate or eventual effect that the value of the Margin Funds with respect to Counterpartys open foreign
currency contracts and transactions may be or may rapidly become insufficient, and that in spite of any communication(s) from Citi
to Counterparty concerning the Margin status of Counterpartys Account and Counterpartys open foreign currency contracts and
Page 24 of 55
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CITIBANK N.A
CitiFX Pro
Client Agreement
transactions, circumstances (including, without limitation, any market disruption or suspension or illiquidity, the time and/or date on
which such rapid and/or significant changes occur to or affect Counterpartys open foreign currency contracts and transactions, and
the time and/or date on which Counterparty receives any such communication(s) from Citi) may not provide Counterparty with the
opportunity to transfer, or credit with respect to Counterpartys Account, any further Margin Funds before any or all of Counterpartys
open foreign currency contracts and transactions are liquidated by Citi. If Counterparty fails to provide additional Margin Funds
within the time required by Citi or if Counterpartys Account is at any time under-margined, Citi may, without Counterpartys consent
and without further notice to Counterparty, liquidate or close out any or all of Counterpartys open foreign currency contracts and
transactions and Counterparty will be responsible for all Losses (defined below) resulting from such close-out.
In all cases, transfers of Margin Funds will be deemed made when Margin Funds are received by Citi and recorded in Counterpartys
Account. If Counterpartys Account at any time does not reflect the amount of Margin Funds required, after notifying, or attempting
in good faith to notify, Counterparty (orally or in writing) that such a deficiency exists, Citi may at any time and at its sole and absolute
discretion close out Counterpartys foreign currency contracts or transactions in whole or in part and exercise any of its rights under
this Agreement and at law.
In this respect, Counterparty agrees and acknowledges that even if Counterparty has furnished the amount of Margin Funds required,
there may be a time lag or delay in reflecting the required Margin Funds in Counterpartys Account. Counterparty agrees and
acknowledges that Citi may take such action to close out any or all of Counterpartys foreign currency contracts or transactions and
exercise any of its rights notwithstanding that Counterparty has furnished the required Margin Funds if Counterpartys Account does
not reflect the amount of required Margin Funds. Counterparty agrees that any Losses (defined below) arising therefrom will be for
Counterpartys account and risk and none of Citi, its branches, representative offices and any subsidiaries, affiliated or associated
companies of, or related entities owned or controlled directly or indirectly by, Citigroup, Inc. and any of their respective branches
and offices (together the Affiliates), its Service Providers (as defined in paragraph 34(viii)) and their respective directors, officers,
stockholders, employees and successors and assigns (together, the Indemnified Persons) will be liable or responsible therefor. Citis
failure at any time to make, or Citis decision to forego, a Margin call in whole or in part will not be a waiver of Citis right to do so in
the future, nor will it create any liability of any of the Indemnified Persons to Counterparty for any Losses. In this Agreement Losses
shall mean losses, damages, costs (including legal costs on a full indemnity basis), fines, expenses including all duties, taxes and other
levies, interest, service charges and all goods and services taxes thereon, fees, charges, costs, claims for an account or equitable
compensation or equitable lien, any other demands, liabilities or remedy whatsoever or howsoever arising, any loss of revenue, loss
of profit, any diminution or depreciation in the value of a foreign currency contract or transaction or any lost opportunity whereby
the value of the same could have been increased or otherwise, in each case whether direct or indirect or whether foreseeable or not.
3. Return transfers. Upon written request, Counterparty may request Citi to transfer to Counterparty cash previously transferred
to Citi that is not required to margin open foreign currency contracts and any foreign currency transactions (pending or otherwise)
or otherwise required to satisfy Counterpartys obligations to Citi. Citi will process transfer requests within three (3) Business Days
of receipt of such request. Such return transfer will be effected by issuance of a cheque, electronic funds transfer, wire transfer or
such other transfer method as Citi, in its sole and absolute discretion, will elect. At any time, the amount of cash that is available for
transfer to Counterparty will be determined by Citi in its sole and absolute discretion.
In this Agreement, Business Day shall mean, any day on which commercial banks are open for general business (including dealings
in foreign exchange and foreign deposits) in New York, and shall exclude Saturday, Sunday and any public holiday in New York.
4. Transfer of Counterparty Funds as Margin. Cash transferred by Counterparty to support its foreign currency trading
activities should be transferred to an account in the name of Citibank N.A. at such location or locations as are agreed from time to
time. Any realized profits from Counterpartys closed foreign currency contracts (positive cash balances) will also be transferred
to this account as additional Margin for Counterpartys foreign currency trading activities, save that Counterparty may, pursuant
to paragraph 3 above, request for transfer of any cash that is not required to margin open foreign currency contracts, any foreign
currency transactions (pending or otherwise) or otherwise required to satisfy Counterpartys obligations to Citi. All cash transferred
to this account will be held by Citi in an omnibus account with the funds of other CitiFX Pro customers. There will not be any
segregated cash account established in the name of Counterparty. Full ownership in all cash transferred by Counterparty will pass to
Citi upon receipt by Citi of the cash and Counterparty will not retain any right, title or interest to such cash. The cash will not be held
by Citi as trustee and unless expressly stated in this Agreement, such cash will not be subject to client money protection (whether
under the rules and regulations of the Securities and Futures Commission/Monetary Authority of Singapore or under the rules of
any other relevant regulator, nor will it be held in accordance with the client money rules of the United Kingdom Financial Services
Authority). All benefits associated with such omnibus accounts, including any interest accruing on the funds held therein, will be
retained exclusively by, and be for the account of, Citi. Without prejudice to paragraph 3, the obligation of Citi to return any Margin
Funds to Counterparty shall only be a personal, unsecured obligation to return an equivalent amount of cash, subject to any right
of Citi of set-off (as may be available under this Agreement and subject to any applicable law), appropriation and/or application or
similar or equivalent entitlement.
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Citi may in its sole and absolute discretion pay interest on positive cash balances accruing to Counterparty at such rate and on
such basis as it shall from time to time determine, whether or not such positive cash balances have been transferred to Citi as
Margin Funds for Counterpartys foreign currency trading activities.
Counterparty acknowledges that Margin Funds (whether comprising cash transferred to Citi to support its foreign currency
trading activities and/or all unrealized profits) will not be held by Citi as a deposit or as banker for Counterparty.
All funds in US Dollars posted by Counterparty as Margin Funds will be held, along with similar funds of other CitiFX Pro
counterparties, in one or more deposit accounts at Citibank, N.A. in the United States that are eligible for Federal Deposit Insurance
Corporation (FDIC) insurance coverage, subject to applicable limits from time to time. Other than as stated in the foregoing with
respect to said deposit accounts, Counterparty hereby agrees and acknowledges that neither its trading Account at CitiFX Pro nor
the foreign currency transactions in such trading Account shall be covered by FDIC insurance.
Non-US Dollar amounts (EUR, GBP, JPY, HKD and SGD) are held outside the US and are not FDIC insured and may not
benefit from protection under the deposit protection schemes of the relevant jurisdictions.
TAKE NOTE THAT:(a) Margin Funds transferred to an account of Citibank NA in Hong Kong in respect of CitiFX Pro are not currently protected
by the Deposit Protection Scheme in Hong Kong; and
(b) Margin Funds will also not benefit from protection under the Deposit Insurance and Policy Owners Protection Schemes
Act 2011 of Singapore; and
(c) Margin Funds transferred to an account of Citi in the United Kingdom do not currently benefit from protection under the
Financial Services Compensation Scheme or any other deposit protection or guarantee scheme in operation in the United
Kingdom.
Citi may at any time and from time to time, without notice to Counterparty, set off any liability of Citi to Counterparty under this
Agreement or in respect of the Account (including, but not limited to, any obligation to retransfer Margin Funds with respect to
the Account or any liability arising under any open foreign currency contracts, as represented in the Account) against any liability
(as hereinafter defined) of Counterparty to Citi under this Agreement or in respect of the Account, irrespective of the currency
of its denomination.
If the liabilities to be set off are expressed in different currencies, Citi may convert either liability at a market rate of exchange,
and at such time or other rate as it may determine at its sole and absolute discretion for the purpose of its rights above. Any
exercise by Citi of its rights under this paragraph 4 shall be without prejudice to any other rights or remedies available to it under
this Agreement or otherwise. In this Agreement, liability of the Counterparty means any or all of Counterpartys liabilities (and
all fees, interest charges, costs and expenses incurred) as may now or hereafter from time to time be due, owing or outstanding to
Citi in respect of the Account and/or under this Agreement, whether actual, future or contingent, liquidated or unliquidated, which
Counterparty may now or hereafter from time to time have (whether solely or jointly and whether as principal or surety or in some
other capacity), and where this Agreement is entered into by two or more persons acting as Counterparty, the liability of such
persons shall be deemed to refer to any or all liabilities, actual, future or contingent, liquidated or unliquidated, as may now or
hereafter from time to time be due, owing or outstanding from such persons jointly (or jointly and severally) to Citi in respect of
the Account and/or under this Agreement (and whether as principal or surety or in some other capacity).
Counterparty will not grant to any person other than Citi without Citis prior written consent any security interest or equivalent or
similar interest of whatsoever kind and howsoever described in respect of any obligation on the part of Citi to repay as debtor in
respect of any Margin Funds (including any unrealized profits in respect of open foreign currency contracts).
Whenever Citi deems it necessary or advisable for its protection, after Citi has notified, or has attempted in good faith to notify,
Counterparty (orally or in writing (including via e-mail or CitiFXPro)) of its intentions, Citi is authorized for Counterpartys
Account to cover or liquidate any foreign currency contract or transaction Counterparty may have with Citi in any manner which
Citi, in its sole and absolute discretion, deems necessary (including without limitation, whole or partial liquidation of any or all
foreign currency contracts or transactions in Counterpartys Account). None of the Indemnified Persons (as may be relevant)
will be responsible for any Losses that Counterparty may incur (whether on its own or through its Account Manager and/or its
Authorized Representatives or Authorized Dealers acting on its behalf) as a result of any such liquidation, sale, application or any
action taken. Further, it is understood and agreed that the failure of Citi, or the decision of Citi not, to make any tender, demand
or call (in whole or in part) will not be considered a waiver of Citis right to take such action in the future. After deducting costs,
taxes and expenses in connection with any such foreign currency contracts or transactions, Citi may apply any remaining Margin
Funds and proceeds thereof to the payment of any liabilities Counterparty may have to Citi under this Agreement or in respect of
any Account. In the event such Margin Funds and proceeds are insufficient for the payment of all liabilities under this Agreement
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or in respect of any Account, Counterparty will, within 24 hours of notice or, in the case where Citi has in good faith attempted
but failed to notify Counterparty, the attempt to notify, pay to Citi the deficit and all costs of collection, including legal costs on
a full indemnity basis.
5. Trading Hours. Counterparty may effect orders during Citis trading hours (Trading Hours). Citis Trading Hours will be those
specified in the relevant Country Annex of this Agreement. Notwithstanding the foregoing, Citi reserves the right to suspend or
modify its Trading Hours at any time, with or without prior notice.
6. Order Execution and Obligation to Pay. Counterparty will place all orders through CitiFX Pro unless Citi specifically informs
Counterparty that it will accept an order through another means of transmission (such as in the situation where a Telephone Order
Request (as defined below) applies). Citi will attempt to execute all orders that, in its sole and absolute discretion, it chooses to accept
for the purchase or sale of foreign currency contracts in accordance with Counterpartys Instructions. Counterparty acknowledges,
however, that Citi may refuse to accept any order for any or no reason, including but not limited to the failure of Counterparty to have
sufficient Margin Funds (other than unrealized profits) transferred to Citi as Margin for any foreign currency contract or transaction,
or market volatility or illiquidity in the related interbank foreign currency market.
Counterparty further acknowledges that Citi may cancel, rescind, or modify the price of any order executed, if, within a reasonable
time following execution, Citi determines that the rate at which the order was executed was erroneous due to specific market
circumstances or system malfunctions, including but not limited to illiquidity or errors in feeds from information providers or quotes
from counterparties. In any such event, Citi will provide Counterparty upon request with an explanation for the reason for such
cancellation, rescission or modification.
Where applicable, Counterparty will make each payment or delivery specified in each confirmation as referred to in paragraph 18 or
any other notice for payment or delivery from Citi to be made by it, subject to the other provisions of this Agreement.
Citi will only make any payment or delivery to Counterparty subject to the condition precedent that no Event of Default (as described
in paragraph 16 below) or event that, with the giving of notice or the lapse of time or both, would be an Event of Default has occurred
in respect of Counterparty. Counterparty shall place all orders via CitiFX Pro. Placement of orders via telephone (Telephone Order
Request) is permitted only under the following circumstances:
(a) where CitiFX Pro is unavailable due to failure, breakdown or outages of computer systems, telecommunications networks or
systems or other network resources beyond Citis control or other similar events, actions or omissions beyond Citis control; and
(b) where Counterparty is prevented from accessing CitiFX Pro due to circumstances beyond its control, and subject to the
following terms:
(i) if Citi, in its sole and absolute discretion, takes the Telephone Order Request via telephone, Citi may, but is not obliged
to, enter such Telephone Order Request on behalf of Counterparty into CitiFX Pro, in which case it will use reasonable
endeavors to enter such Telephone Order Request into CitiFX Pro as soon as practicable. Citi may in its sole and absolute
discretion refuse to take any such Telephone Order Request and/or refuse to enter such Telephone Order Request on
Counterpartys behalf into CitiFX Pro without providing any reason therefor. Unless otherwise provided, all Telephone
Order Requests are deemed orders or Instructions (as such terms are used in this Agreement) and accordingly shall be
subject to the terms and conditions of this Agreement, which terms shall apply in full force and effect to all Telephone Order
Requests. Counterparty acknowledges that any Telephone Order Request will not be binding on Citi and that no foreign
currency contract is executed until and unless such Telephone Order Request has been entered and executed on CitiFX Pro
pursuant to the terms and conditions of this Agreement; and
(ii) without limiting the generality of paragraph 15 (Limitation on Liability), none of the Indemnified Persons will be responsible
for any Losses, or any adverse market change arising from and in connection with any delay in entering, or inability to enter,
orders based on or relating to a Telephone Order Request into the CitiFX Pro system (whether such delay or inability is
caused by Citi or any of its Service Providers (as defined in paragraph 34(viii) below)) or any Third Party Providers.
7. Terms of Acceptance for Orders. It is Counterpartys sole responsibility to indicate clearly the terms of an order when entered,
whether market, takeprofit, limit entry, stop loss, or good til cancelled (gtc) and including the orders value date and specified
spot rate limits, where applicable. Although a spot rate is specified upon entry of stop loss, take-profit and limit entry orders, market
conditions may often prevent the execution of a Counterpartys stop loss, take-profit or limit entry order despite other dealing
activity at that price level or may often require stop loss to be executed at a substantially different spot rate, or Citi may be entirely
prevented from closing out or be unable to close out any of Counterpartys foreign currency contracts. Prices for execution of orders
are derived from a poll of executable bid or offer prices (as applicable) supplied by a number of liquidity providers in the foreign
exchange market. Citi reserves the right to amend the pricing methodology from time to time without prior notice to Counterparty.
Counterparty shall accept the price at which Citi, in its sole and absolute discretion, may execute an order. Counterparty agrees none
of the Indemnified Persons will be liable for any Losses Counterparty may incur as a result of its failure to execute Counterpartys
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order at its specified level or to execute at all or to close out any of Counterpartys foreign currency contracts.
UNLESS OTHERWISE SPECIFIED, ANY ORDER ENTERED WITH CITI WILL BE ACCEPTED ON A GTC ORDER BASIS. THIS MEANS THAT
THE ORDER WILL STAY OPEN UNTIL IT HAS BEEN EXECUTED OR CUSTOMER HAS CANCELLED IT, WHICHEVER COMES FIRST. GTC
ORDERS INVOLVE RISK AND COUNTERPARTY MUST MONITOR ITS GTC ORDERS IN LIGHT OF CHANGING CONDITIONS AND RATES
IN THE MARKET AND OTHERWISE.
COUNTERPARTY ACKNOWLEDGES THAT CITI WILL ACCEPT ALL ORDERS ONLY ON A BEST-EFFORTS BASIS. CITI WILL HAVE NO
LIABILITY FOR FAILURE TO EXECUTE ORDERS, AND MAKES NO REPRESENTATIONS, WARRANTIES, OR GUARANTEES OF AN ORDERS
PRIORITY OVER THE ORDERS OF ITS OTHER COUNTERPARTIES. CITI WILL HAVE THE RIGHT, BUT NOT THE OBLIGATION, TO REJECT
ANY ORDER BEFORE OR AFTER CONFIRMATION, OR TO CANCEL AND RESCIND ANY CONTRACT WHERE THE EXECUTION OF SUCH
ORDER VIOLATES ANY APPLICABLE LAW, RULE OR IS OTHERWISE ILLEGAL OR IMPROPER OR AS OTHERWISE SET FORTH IN THIS
AGREEMENT. THIS LIMITATION ON LIABILITY AND DISCLAIMER IS IN ADDITION TO AND NOT INSTEAD OF THOSE CONTAINED IN
THIS AGREEMENT AND THE RISK DISCLOSURE STATEMENT, AS THE SAME MAY BE AMENDED FROM TIME TO TIME.
COUNTERPARTY FURTHER ACKNOWLEDGES THAT ADDITIONAL RULES GOVERNING COUNTERPARTYS TRADING WILL BE POSTED
ON THE CITIFX PRO SYSTEM. BY ENTERING ORDERS WITH CITIFX PRO, COUNTERPARTY AGREES, REPRESENTS AND WARRANTS
THAT COUNTERPARTY HAS READ, UNDERSTANDS AND ACCEPTS SUCH TRADING RULES, AS CITI MAY AMEND THEM FROM TIME
TO TIME IN ITS SOLE DISCRETION.
Without limiting the foregoing, if Citi, in its sole reasonable discretion, determines that Counterparty is engaging or has engaged
in trading strategies or activities designed intentionally to exploit errors in price quotations, Citi may upon notice to Counterparty
restrict or modify Counterpartys access to price quotations, cancel trades, or terminate Counterpartys access to CitiFX Pro.
8. Citi as Principal. All foreign currency contracts executed under this Agreement will be made and entered into with Citi as
principal. Citi is entitled, in its sole and absolute discretion, to suspend Counterpartys Account and/or to limit the number of open
foreign currency contracts and transactions that Counterparty may hold or acquire through Citi.
For the purpose of hedging or otherwise managing the risks associated with the foreign currency contracts Citi enters into with
Counterparty or other customers, Citi will enter into offsetting foreign currency contracts for its own account with one or more banks
or other counterparties in the interbank market. Such foreign currency contracts may be executed at a price different from that
quoted to Counterparty. Citi is under no obligation to disclose such price to Counterparty at any time.
Counterparty accepts, is aware of and consents to any such positions of conflict affecting Citi and the receipt by Citi of remuneration,
profits, fees, commissions, rebates, discounts or other benefits or advantages, whether financial or otherwise, arising therefrom or in
connection therewith (even if such receipt or the amount thereof is not disclosed to Counterparty at all or in respect of any specific
foreign currency contract or transaction). Counterparty understands and agrees that such conflicts of interest may arise in any or all
foreign currency contracts or transactions executed under this Agreement. Counterpartys consent will apply to each such foreign
currency contract or transaction undertaken from time to time.
9. Taxes. Counterparty will be responsible for all taxes, levies, duties or similar charges, however designated, that may be assessed
by any jurisdiction (collectively, Taxes), arising out of this Agreement or Counterpartys use of CitiFX Pro, other than any Taxes
assessed or levied on us in respect of revenue earned by us pursuant to this Agreement.
10. Settlement Date; Rollover; Termination and Close Out of Offsetting Positions. Except as otherwise provided herein,
unless Counterparty liquidates any open foreign currency contract in the Account prior to 4:55 p.m. (Eastern Standard Time) during
Trading Hours and if Trading Hours do not extend to 4:55 p.m. (Eastern Standard Time) on any Business Day, prior to 4:30 p.m.
(Eastern Standard Time) of that Business Day, that foreign currency contract will be automatically re-priced and rolled-over as an
open foreign currency contract in the Account to the next Business Day, successively, subject at all times to the right of Citi, in its
sole and absolute discretion, to liquidate the said foreign currency contract in accordance with the provisions of this Agreement.
Counterparty may liquidate a foreign currency contract in the Account at any time during Trading Hours by entering into an equal
and opposite offsetting foreign currency contract through CitiFX Pro.
Whenever Counterpartys Account has two (2) or more open and offsetting foreign currency contracts providing in whole or in
part for the purchase and sale of the same foreign currency on the same date and with the same terms, such foreign currency
contracts will be automatically canceled, beginning with the oldest previously held short or long position (or portion thereof), and
replaced by an obligation to settle only the net difference between amounts payable in respect of the relevant currencies under the
relevant foreign currency contracts, or, as applicable, the net difference between the quantities of the relevant currency deliverable
thereunder. Counterparty may, to the extent permitted by Citi, provide instructions to Citi specifying the method to be used in closing
out offsetting positions.
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11. Security Devices and Procedures. Citi may supply security devices or prescribe security procedures relating to the use of
or access to CitiFX Pro, which may include, without limitation, digital certificate(s), user name(s) and/or password(s) that may be
required to access or use CitiFX Pro (collectively, User Codes). Each of Counterparty, Counterpartys Authorized Representatives,
Authorized Dealers and Account Manager: (i) will use such security devices and implement and follow such security procedures
for so long as Counterparty or any of its Authorized Representatives or Authorized Dealers use or access CitiFX Pro; (ii) will not,
nor permit any other person to, remove, modify, disable, penetrate or otherwise defeat any such User Codes; and (iii) will take
reasonably prudent precautions to select and protect the security and secrecy of Counterpartys User Codes and other materials
and information which, if Counterparty failed to take such precautions, could lead to unauthorized access to and/or use and/or
execution of Counterparty(s) orders, foreign currency contracts, transactions or Accounts and other interests in respect of the
same. Counterparty shall be responsible and liable in full for any disclosure, use, implementation, modification or other action or
omission (whether authorized or not) of any User Codes issued to or used, implemented or modified by each of Counterparty,
Counterpartys Authorized Representatives, Authorized Dealers and Account Manager. Notwithstanding the foregoing, Counterparty
hereby assumes full responsibility for assuring itself that any security devices or procedures are adequate for protecting the
security and secrecy of Counterpartys User Codes and other materials and information, and preventing unauthorized access to
and/or use and/or execution of Counterpartys orders, foreign currency contracts, transactions or Accounts and other interests in
respect of the same. Citi reserves the right to invalidate, revoke, suspend or modify any User Code at any time without prior notice
for any reason, including but not limited to the unauthorized use of Counterpartys User Codes or breach of this Agreement, and
none of the Indemnified Persons shall be liable or responsible for any Losses whatsoever suffered by or caused to Counterparty
or arising out of or in connection with or by reason of such invalidation, suspension, revocation or modification. Counterparty will
be responsible for any executed orders and all other acts or omissions that occur while Counterpartys User Codes are being used.
Without prejudice to the foregoing, any use of or access to CitiFX Pro and any information, data, Instructions or communications
referable to Counterpartys User Codes shall be deemed to be (a) use or access of CitiFX Pro by Counterparty and/or (b) information,
data, Instructions or communications transmitted and validly issued by Counterparty. Counterparty shall be bound by any access,
use, Instructions and/or communications referable to Counterpartys User Codes and Counterparty agrees that Citi shall be entitled
to act upon, rely on and/or hold Counterparty solely responsible and liable in full in respect thereof as if the same were carried out or
transmitted by Counterparty. All references to Counterpartys use or access of CitiFX Pro shall be deemed to include the Authorized
Representatives. Authorized Dealers and Account Managers use and/or access where applicable. Counterparty shall procure and
ensure that each of its Authorized Representatives, Authorized Dealers and Account Managers is aware of, subject to and complies
with the terms of this Agreement. If any Authorized Representative, Authorized Dealer or Account Manager to whom the User Codes
are given is no longer authorized to use or access CitiFX Pro in relation to Counterpartys Account, Counterparty shall immediately
notify Citi.
In this Agreement, Authorized Representatives of Counterparty shall mean any officer, director, employee or other personnel of
Counterparty authorized to give, on behalf of Counterparty, Instructions in respect of Counterpartys Account and its operation or
otherwise use and/or access the Account, including an Authorized Dealer, and shall not include any Account Manager.
Authorized Dealer refers to any officer, director, employee or other personnel of Counterparty who is authorized to place orders
through CitiFX Pro and enter into foreign currency contracts and transactions on the CitiFX Pro platform on behalf of Counterparty,
and (i) shall not include any Account Manager, and (ii) may, but need not be, an Authorized Representative.
Notwithstanding any provision in this Agreement, the terms Authorized Representative and Authorized Dealer shall only apply
where Counterparty is not an individual.
Counterparty acknowledges that certain portions of CitiFX Pro and/or its services are being provided under license(s) from third
parties and agrees to comply with any additional restrictions and requirements with respect to the use of CitiFX Pro arising from such
license(s) that Citi may communicate to Counterparty from time to time.
12. Counterparty Responsibilities. Counterparty will obtain and maintain all hardware and communication services or equipment
necessary to connect to CitiFX Pro. Counterparty will install any software upgrades, updates, or revisions provided by Citi within a
reasonable time after receipt, but in no case longer than five (5) Business Days after receipt.
13. Appointment and Role of Account Manager. Counterparty may appoint a third party (Account Manager) to manage,
access, use and/or trade on any or each Account on Counterpartys behalf. Such Account Manager shall be appointed only pursuant
to a power of attorney and certain other ancillary documentation, the form and substance of which shall be specified by Citi and is
available from Citi on request.
If an Account Manager is authorized to exercise discretion and to act on behalf of Counterparty with respect to the Account: (i)
Counterparty shall procure that Account Manager makes the representations and warranties set forth in paragraph 22 of this
Agreement, as if the term Account Manager were substituted for the term Counterparty therein, provided that all references to
Counterpartys Account shall be retained even if the Account Manager were to be the one making the relevant representations
and warranties and Counterparty agrees that it shall be a condition precedent of this Agreement and any foreign currency contract
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and transaction undertaken pursuant to this Agreement that such representations and warranties be furnished by Account Manager
to Citi; (ii) Counterparty shall procure that Account Manager has read the terms of this Agreement and, where Account Manager is
acting on Counterpartys behalf, that Account Manager is aware, understands, accepts, agrees with, and, where applicable, will comply
with paragraphs 2 (Margin Requirements), 7 (Terms of Acceptance for Orders), 11 (Security Devices and Procedures), 12 (Counterparty
Responsibilities), 14 (Intellectual Property and Confidentiality), 15 (Limitation on Liability), 18 (Statements and Confirmations), 20
(Communications), 23 (Counterparty Responsibility to Comply with Governing Law), 33 (Recordings), 35 (Data Protection Notices)
and 37 (Risk Acknowledgement) of this Agreement, as if the term Account Manager were substituted for the term Counterparty
therein, provided that all references to Counterpartys Account shall be retained, and Counterparty agrees that it shall be a condition
precedent of this Agreement and any foreign currency contract and transaction undertaken pursuant to this Agreement that Account
Manager so understands, accepts and complies; (iii) Account Manager will direct Counterparty to take such action in respect of the
Account as is required of Counterparty under this Agreement or under applicable law; and (iv) Counterparty agrees that Account
Manager is authorized to act on Counterpartys behalf with respect to the Account, including to receive and give communications,
Instructions and authorizations, and Counterparty hereby confirms, ratifies, and assumes liability for any foreign currency contract
and transaction or other action or matter with respect to the Account(s) that result from such communications, Instructions, and
authorizations.
14. Intellectual Property and Confidentiality. Citi and Counterparty will each treat as confidential (both during and after the
termination of Counterpartys access to CitiFX Pro) any information learned about the other, its investment strategy or holdings or
its products or services, any software, other technology, or intellectual property, and any confidential and/or personal information
(collectively, Confidential Information), in connection with Counterpartys use of CitiFX Pro, and, except as otherwise provided
herein, neither Citi nor Counterparty will transfer or disclose Confidential Information of the other party to any third party or use such
Confidential Information except as contemplated under this Agreement. These obligations will not apply to information which (i) is, or
becomes, known to the public, (ii) is rightfully received by the other party from a third party entitled to disclose it, (iii) is independently
developed by the other party without reference to such partys COnfidential Information, or (iv) as required to be disclosed by valid
court order, subpoena, or civil investigative demand, or by rule or regulation of any agency, exchange, or self regulatory organization
with jurisdiction over the disclosing party, or otherwise in accordance with this Agreement. Citi and Counterparty agree to maintain
adequate security procedures and take reasonable precautions (no less rigorous than those taken to protect Counterpartys or
Citis, as the case may be, own confidential information) to prevent the misuse, unauthorized or inadvertent disclosure, or loss of
Confidential Information.
Notwithstanding anything to the contrary in the foregoing or in this Agreement, Citi shall have the right to disclose any Confidential
Information to any judicial, regulatory or governmental agency or authority (including without limitation, any self-regulatory
organization or other quasi-governmental organization excercising executive, legislative, judicial, regulatory or administrative
functions), if Citi determines, in its sole discretion, that such disclosure is required or is otherwise neccessary or appropriate.
All information (including personal data) submitted to or collected by Citi through or in connection with CitiFX Pro, including all
registration data, clickstream data, and transaction data, will be the property of Citi and Citi will be free to use it in accordance with
Citis business practices and the confidentiality provisions of this Agreement. Counterparty agrees that Citi will be free to use such
information without restriction if such information is aggregated with other data or otherwise processed such that it cannot be
attributed to or associated with Counterparty.
CITI, CITI and Arc Design, CITIBANK, CITIGROUP and CITIFX PRO are trademarks and service marks of Citigroup Inc. or its affiliates
and are used and registered throughout the world. CitiFX Pro is provided to Counterparty only for the purposes and subject to the
terms of this Agreement. Counterparty may not sell, lease, or provide, directly or indirectly, CitiFX Pro or any portion thereof to any
third party except as permitted by this Agreement. Counterparty acknowledges that all proprietary rights in CitiFX Pro are owned
by Citi or by any applicable third party service providers selected by us providing us with all or part of CitiFX Pro, or providing you
with access to CitiFX Pro, or their respective licensors, and are protected under copyright, trademark and other intellectual property
laws and other applicable law. Counterparty receives no copyright, intellectual property rights or other rights in or to CitiFX Pro,
except those specifically set forth in this Agreement. Counterparty will protect and not violate those proprietary rights in CitiFX Pro
and honor and comply with Citis reasonable requests to protect Citis and Citis third party service providers contractual, statutory
and common law rights in CitiFX Pro. If Counterparty becomes aware of any violation of Citis or Citis third party service providers
proprietary rights in CitiFX Pro, Counterparty will notify Citi immediately in writing.
15. Limitation on Liability. None of the Indemnified Persons will be liable to Counterparty (which term in this paragraph shall include
any of Counterpartys estate, executors, administrators, heirs, devisees, legatees, legal representatives, trustees, conservators,
successors and permitted assigns), each of Counterpartys Authorized Representatives, Authorized Dealers, any Account Manager
and its representatives for any Losses or inability of Counterparty to withdraw or for Citi to retransfer Margin Funds (including realized
profits) caused directly or indirectly by any events, actions or omissions due to any event beyond Citis or any Service Providers
reasonable control including, without limitation, civil unrest, war, insurrection, distraints of any character, exercise of military or
usurped powers, governmental action of any state or country (including without limitation, currency controls or regulation), natural
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disasters, acts of God, acts of terrorism, market conditions, an inability to communicate with any relevant person or any delay,
disruption, failure or malfunction of any transmission or communication system or computer facility, whether belonging to Citi, any
Service Provider, any Third Party Provider, Counterparty, any of Counterpartys Authorized Representatives or Authorized Dealers,
any Account Manager or any market or any settlement or clearing system, or other similar causes beyond Citis or any Service
Providers reasonable control. This limitation on liability is in addition to and not instead of all other limitations on Citis or any
Indemnified Persons liability contained in this Agreement, and in any other agreements between Counterparty and Citi. None of the
Indemnified Persons shall have any responsibility or liability to Counterparty.
THERE ARE NO WARRANTIES, CONDITIONS, GUARANTEES OR REPRESENTATIONS AS TO MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE OR OTHER WARRANTIES, CONDITIONS, GUARANTEES OR REPRESENTATIONS, WHETHER EXPRESS OR
IMPLIED, IN LAW OR IN FACT, ORAL OR IN WRITING, EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT. COUNTERPARTY HEREBY
ACKNOWLEDGES THAT IT HAS NOT RELIED UPON ANY WARRANTY, CONDITION, GUARANTEE OR REPRESENTATION MADE BY
CITI, ITS OFFICERS, DIRECTORS, EMPLOYEES, SERVICE PROVIDERS OR THIRD PARTY PROVIDERS. WITHOUT PREJUDICE TO THE
GENERALITY OF THE FOREGOING, CITI DOES NOT WARRANT: (I) THE ACCURACY, TIMELINESS, ADEQUACY OR COMPLETENESS OF
THE INFORMATION, MATERIALS, SERVICES AND/OR FUNCTIONS PROVIDED AT OR CONTAINED IN CITIFX PRO; (II) THAT CITIFX PRO
IS FREE FROM ANY VIRUS OR OTHER MALICIOUS, DESTRUCTIVE OR CORRUPTING SCRIPT, CODE, AGENT, PROGRAM OR MACRO;
OR (III) AGAINST INFRINGEMENT OF THE RIGHTS OF THIRD PARTIES.
UNDER NO CIRCUMSTANCES WILL CITI BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL
DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF REVENUE, LOSS OF PROFITS, OR LOSS OF DATA), EVEN IF CITI WAS
ADVISED OF THE LIKELIHOOD OF SUCH LOSS OR DAMAGE AND REGARDLESS OF THE CAUSES OF ACTION UNDER WHICH THOSE
DAMAGES ARE SOUGHT.
NONE OF THE INDEMNIFIED PERSONS WILL HAVE ANY LIABILITY FOR ANY LOSSES INCURRED BY COUNTERPARTY DUE TO THE
FAILURE OR MALFUNCTION OF ANY COMPUTER HARDWARE OR SOFTWARE OR TRANSMISSION DEVICE OR SERVICE UTILIZED
UNLESS SUCH FAILURE OR MALFUNCTION DIRECTLY RESULTS FROM CITIS GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.
THE FOREGOING EXCLUSIONS AND LIMITATIONS OF LIABILITY ARE AN ESSENTIAL PART OF THE CONSIDERATION BARGAINED
FOR UNDER THIS AGREEMENT.
16. Events of Default; Remedies. It will be an event of default if: (i) Counterparty dies, is taken into custody, is incapacitated, is
declared legally incompetent or, in the reasonable judgment of Citi, becomes incapable in law of managing its affairs (whether by
reason of mental incapacity or for any other reason whatsoever) or has a conservator/committee appointed to oversee its affairs or
Citi is unable to contact Counterparty at the address or contact details last known to Citi or Counterparty fails or refuses for any reason
whatsoever to provide or comply with instructions in respect of any request by Citi; (ii) a petition for insolvency, bankruptcy, windingup, dissolution, administration, reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise), liquidation,
judicial management, assignment for the benefit of creditors or receivership is filed by or against Counterparty (or Counterparty
passes a resolution or any step is taken for such insolvency, bankruptcy, winding-up, dissolution, administration, reorganization (by
way of voluntary arrangement, scheme of arrangement or otherwise), liquidation, judicial management, assignment or receivership)
or any voluntary or involuntary proceeding seeking relief under any insolvency or other law affecting creditors rights is instituted
by or against Counterparty or Counterparty makes a general arrangement or composition or compromise with or for the benefit of
its creditors or any of them; (iii) Counterparty breaches any term of this Agreement or fails to comply with or observe any provision
of this Agreement (other than as specified in sub-paragraph (viii) below); (iv) any action, legal proceeding or other procedure or any
step is taken in relation to the suspension or rescheduling of payments, a moratorium of any indebtedness of Counterparty, or the
appointment of a trustee in bankruptcy, liquidator, administrator, judicial manager, receiver, trustee or other similar official for all
or any part of Counterpartys property, revenues or undertaking, or enforcement of any security over any assets of Counterparty;
(v) any action is initiated or any step is taken for an action to be initiated for administration of a trust under any rule or law in
any jurisdiction, a new trustee has been appointed, or any step is taken for Counterparty to resign or be replaced as trustee; (vi)
Counterpartys Account is attached or a secured party takes possession of all or any part of Counterpartys assets or Counterparty
has a distress, execution, attachment, expropriation, sequestration or other legal process levied, enforced or sued on or against all
or any part of its assets and either (A) such secured party maintains possession or (B) any such process is not dismissed, discharged,
stayed or restrained, in each case within 5 calendar days thereafter; (vii) Citi receives conflicting Instructions in the case of a joint,
partnership or corporate Account; (viii) Counterparty fails to make, when and where due, any payment required to be made by
it under this Agreement or is generally unable to pay debts as they become due (or Counterparty admits of such inability); (ix) if
Counterparty is an employee benefit plan, (A) Counterparty terminates or files a notice of intent to terminate with the Pension
Benefit Guaranty Corporation (or any appropriate relevant governmental agency or body), (B) Citi receives notice of the Pension
Benefit Guaranty Corporations (or any appropriate such governmental agency or bodys) intent to terminate Counterparty, or (C)
Counterparty is unable to pay benefits under the relevant employee benefit plan when due; (x) Counterparty disaffirms, disclaims,
repudiates or rejects, in whole or in part, or challenges the validity of, this Agreement, or this Agreement (or any term(s) that are
material in the sole opinion of Citi) terminates, fails, or ceases to be in full force and effect (other than a termination pursuant to
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the terms of this Agreement); (xi) a material adverse change occurs in the financial condition of the Counterparty, as determined by
Citi in its sole opinion; (xii) the occurrence of any of the events set out in (A) or (B) below or the occurrence of any of the events set
out in (C), (D), (E) or (F) below to Counterparty gives Citi reasonable grounds to conclude (a) that the discharge of the obligations of
Counterparty under this Agreement or any foreign currency contract(s) or transaction(s) in accordance with its terms has been or
is likely to be seriously prejudiced or otherwise adversely affected or (b) that it would be contrary to generally accepted principles
of prudent practice to allow such foreign currency contract(s) or transaction(s) to remain outstanding: (A) A change in applicable
law or regulation or the interpretation thereof (including an act or failure to act by a government, monetary authority, regulatory
authority or any other body exercising similar powers that constitutes a change in the practice of such government, monetary body,
regulatory body or other body), including but not limited to any law or regulation relating to the convertibility or transferability of
currency or a banking moratorium; (B) An act of war, insurrection or civil strife; (C) A loss, suspension or revocation of any privilege,
license, concession, franchise or governmental approval or any change in management or control (other than one described in (D)
below); (D) A transaction or series of connected transactions as a result of which at least 50% of its outstanding voting stock on a
fully diluted basis changes beneficial ownership; (E) A suspension of trading in its shares; or (F) A change in its business, financial
position or condition or economic capability; (xiii) any litigation, arbitration, proceeding or dispute is started or threatened or there
are any circumstances likely to give rise to any litigation, arbitration, proceeding or dispute against Counterparty, or by Counterparty
against Citi or any of the Indemnified Persons; (xiv) any representation, information or statement made or deemed to be made
by Counterparty, either in connection with the initial opening of the Account or a subsequent evaluation of the eligibility of the
Counterparty for a CitiFX Pro account, is or becomes or found to have been incorrect, inaccurate or misleading in any material
respect when made or deemed to be made; or (xv) Counterparty causes or is subject to any event with respect to it which, under the
applicable laws of any jurisdiction, has an effect analogous to any of the events specified in this paragraph 16 or Citi in its discretion
reasonably considers it necessary for its protection (each an Event of Default).
On the occurrence of an Event of a Default, Citi will have the right, in addition to any other remedy available to Citi at law or in equity,
to: (i) convert any amounts owed to or by Citi or the net of such amounts to a single currency, to hedge positions in the Account,
and to take any other action in respect of the Account, all in a commercially reasonable manner and consistent with the terms of
this Agreement; and/or (ii) upon notice to Counterparty, close-out and terminate any or all open foreign currency contracts held in
or for the Account at the sole and absolute discretion of Citi, in each case on the date specified in the notice (the Early Termination
Date) and, where not all outstanding foreign currency contracts are being terminated, stating the foreign currency contracts to
be terminated. Upon the designation of an Early Termination Date, the obligations of the parties to make any further payments or
delivery under paragraph 6 above will cease or, where not all outstanding foreign currency contracts are being terminated, will cease
in relation to those foreign currency contracts which are to be terminated, but, in each case, without prejudice to the other provisions
of this Agreement. On the Early Termination Date or as soon as reasonably practicable thereafter Citi will determine in good faith its
net loss or gain as a result of the early termination of the terminated foreign currency contracts calculated in United States dollars (or
such other currency as Citi may stipulate) and will provide to Counterparty as soon as practicable after making such determination a
statement showing, in reasonable detail, the amount of such net loss or gain (the Early Termination Amount). Such statement will
be communicated to Counterparty through CitiFX Pro and by sending an e-mail message to Counterparty or in such other manner
as Citi may from time to time determine. In determining its net loss or gain, (i) Citi may close-out foreign currency contracts based
on market prices quoted on CitiFX Pro or, if such market prices are not available, based on prices determined by Citi with reference
to any information, means or source in its sole and absolute discretion as of the Early Termination Date or as soon as reasonably
practicable thereafter, (ii) Citi may also convert any amount to United States dollars (or such other currency as Citi may stipulate) and
may have regard to any loss of bargain, cost of funding, loss or cost associated with unwinding or re-establishing a hedge or related
foreign currency contract or any gain resulting from any of them and shall also take into account any amounts that became due and
payable (or, but for paragraph 6, would have become due and payable) by either party prior to the Early Termination Date, (iii) Citi
may have regard to any cash or other property of Counterparty transferred to Citi or held by or for Citi towards liabilities payable
by Counterparty under this Agreement or the Account and (iv) Citi may have regard to all liabilities which Counterparty owe to Citi
under this Agreement or the Account.
If the Early Termination Amount represents a net loss (for example, a net in-the-money position) to Citi, Counterparty will pay the
Early Termination Amount to Citi on or by the first Business Day after Counterparty receives notice of the Early Termination Amount.
If the Early Termination Amount represents a net gain (for example, a net out-of-the-money position) to Citi, Citi will pay the Early
Termination Amount to Counterparty.
Without prejudice to any other provision in this paragraph 16, following the occurrence of an Event of Default, Counterparty agrees
that any or all of the cash or other property transferred to Citi under this Agreement as Margin shall, subject to Citis right to continue
holding the same as Margin, be applied as follows: (i) first, to the payment or satisfaction of all Counterpartys obligations to Citi under
or in connection with this Agreement or the Account or any foreign currency contracts or transactions (with Counterparty remaining
liable for any remaining deficiency) in such order as Citi may elect; and (ii) second, if there is any cash or other property remaining
and subject to the terms of this Agreement and to applicable law or judicial or regulatory process, to Counterparty by way of transfer
into a bank account specified by Counterparty, provided that all costs and expenses (including but not limited to taxes, duties and
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fees) incurred in connection with such transfer shall be borne by Counterparty.
Without prejudice to the foregoing, Citi shall also be entitled (but shall not be obliged), following an Event of Default and calculation
of the relevant Early Termination Amount, to apply any or all of the Margin Funds, as determined by Citi in its sole and absolute
discretion, against any liability due from Counterparty to Citi under this Agreement or the Account, as determined by Citi in its sole
and absolute discretion.
Without prejudice to the foregoing and notwithstanding any provision of this Agreement, each of Citi and its Affiliates has the right to
sell, realize or liquidate any property transferred to it as Margin or otherwise without further notice to or consent from Counterparty
as Citi may, in its sole discretion, deem fit and to apply the proceeds thereof in accordance with this paragraph.
Without prejudice to the foregoing Citi shall also be entitled (but shall not be obliged) following an Event of Default, to terminate
Counterpartys access to CitiFX Pro without further notice to or consent from Counterparty and at the sole and absolute discretion
of Citi.
17. Charges; Compensation; Brokerage Fees and Commissions. Citi is compensated for its services provided under the terms
of this Agreement through the spread charged on its dealing rates to Counterparty. In addition to the spread, Citi may charge special
service charges and all other charges (including, without limitation, cross-currency overnight interest debits, markups and markdowns, statement charges, idle account charges, order cancellation charges, account transfer charges and other charges) and fees
(including, without limitation, brokerage fees and commissions as may be mutually agreed between Citi and Counterparty from time
to time and fees imposed by any bank) (such spread, charges and fees collectively Compensation and Charges). Changes to the
rates of such Compensation and Charges shall be as notified to Counterparty at least fifteen (15) calendar days prior to the effective
date of such change. All such Compensation and Charges payable to Citi by Counterparty will be paid by Counterparty as they are
incurred, or as Citi in its sole and absolute discretion may determine, and Counterparty hereby expressly authorizes Citi to levy and
apply the amount of any such Compensation and Charges directly against any balance of the Account. In the event that the Margin
Funds and/or credit balances in respect of the Account are insufficient to cover such Compensation and Charges, the unpaid balance
of such Compensation and Charges will automatically become a debit balance in the Account, to the extent of such non-coverage.
18. Statements and Confirmations. Foreign currency contracts executed online will be confirmed via CitiFX Pro after execution
and Telephone Order Requests that are subsequently executed online will be confirmed via CitiFX Pro after execution. If in doubt as
to the status of an order, Counterparty should contact Citi without delay. Reports of the confirmation of orders confirmed through
CitiFX Pro will be deemed correct and will be binding upon Counterparty immediately upon receipt via CitiFX Pro, unless Counterparty
promptly objects to such confirmation by telephone and confirmed by e-mail to citifxpro.sg@citi.com within one (1) hour
thereafter. Failure to object will be deemed ratification by Counterparty of all actions taken by Citi or Citis Service Providers (as
defined in paragraph 34(viii) below) prior to Counterpartys receipt of such reports.
Counterpartys failure to actually receive, read or access a trade confirmation will not relieve Counterparty of the obligation to
object as set out herein. Counterparty agrees to call to Citis attention immediately any information that Counterparty has reason
to believe is inconsistent with Counterpartys own information. Counterparty understands, acknowledges and agrees that errors,
whether resulting in a profit or loss to Counterparty, will be corrected, and Counterpartys Account will be credited or debited in such
manner and extent as to place Counterpartys Account in the same position in which it would have been had the error not occurred.
Whilst the statement may provide the value of Counterpartys Account at any one time, such Account value may include unrealized
profits or losses, which will not form part of the Margin (including transferred positive cash balances) with respect to the Account, and
no debtor-creditor relationship arises between Citi and Counterparty in respect of such unrealized profits and losses.
19. Consent to Electronic Transmission of Confirmations, Reports, Regulatory Notices and other Account Information.
Counterparty hereby agrees and consents to electronic delivery of trade confirmations, risk disclosure, reports and any information,
notice or communication required under this Agreement or required in respect of the Account by applicable law or regulation
(Account Information). Counterparty agrees and consents to accessing and receiving such notices, confirmations, reports and
information electronically and in electronic format.
Required equipment. In order to use CitiFX Pro service (including, via on-line, MT4 or FIX) and to access, receive and retain Account
Information in electronic form and to use all CitiFX Pro trading platforms except for CitiFX Pro mobile, Counterparty must have
a computer equipped with at least: a browser with 128- encryption, Windows Vista with sp1 or later, a pentium 1.5ghz processor,
512mb of RAM, 200mb of diskspace and a 256kbs or faster Internet connection. For the mobile platform Counterparty must have
a recent smartphone with fully functional browser. Counterparty can obtain additional details of such required browsing capacity
by calling CitiFX Pro at 65-3158-0363. Counterparty must also have either a printer or a disk drive or other storage device. To view
or print documents provided in pdf format, if Adobe Acrobat is not already installed on Counterpartys computer, Counterparty will
have to obtain Adobe Reader, which is available at Adobes website (www.adobe.com), and install it on its computer. Counterparty
acknowledges that there are certain costs associated with electronic delivery (e.g., on-line time and printing) and possible risks (e.g.,
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slow downloading time, system outages, problems and malfunctioning resulting from computer viruses). In the event of a change
in the equipment requirements, Citi will notify Counterparty of the revised requirements and of Counterpartys right to withdraw
consent to having Account Information sent or made available electronically.
Counterparty hereby agrees, acknowledges and represents to Citi, as set forth below:
(a) Counterparty agrees, acknowledges that it has the ability to receive and retain or access electronic communications;
(b) Counterparty agrees to signing, acknowledging or accepting Account Information electronically and without a manual or
handwritten signature;
(c) Counterparty agrees and acknowledges that Citi continues to reserve the right to provide Account Information by nonelectronic means;
(d) Counterparty acknowledges that it is aware of its right to also request (at its own cost and expense) a paper copy of any
Account Information previously sent or made available to Counterparty electronically;
(e) Counterparty acknowledges that it will promptly communicate to Citi (by sending a letter to: Robinson Road Post Office, P.O.
Box 656 Singapore 901306, Attention: Relationship Manager, or by email request to citifxpro.sg@citi.com) any updates
to its contact information or browsing capabilities that CitiFX Pro should be aware of in order for Counterparty to continue
receiving Account Information electronically;
(f) Counterparty acknowledges that it is aware of its right to withdraw its consent to having Account Information sent or made
available electronically by sending a written request to: Robinson Road Post Office, P.O. Box 656 Singapore 901306, Attention:
Relationship Manager or by email request to citifxpro.sg@citi.com. Counterparty agrees that following such withdrawal
of consent, Counterparty will be responsible for any costs and expense associated with providing Counterparty with Account
Information in non-electronic format; and
(g) Counterparty hereby agrees and acknowledges that neither Citibank, N.A., any other Citigroup affiliate, any other information
provider nor any other software supplier makes any express or implied warranties concerning CitiFX Pro online mobile services
or browser including, but not limited to, any warranties of merchantability, fitness for a particular purpose or non-infringement
of third party proprietary rights unless disclaiming such warranties is prohibited by law. Neither Citibank, N.A., nor any other
Citigroup affiliate is responsible for any computer viruses, problems or malfunctions resulting from any computer viruses, or
related problems that may be associated with the access and use of the CitiFX Pro online system.
Citi will provide Counterparty with password-protected access to online reports. Counterparty will be able to generate daily, monthly
and annual account reports detailing transaction activity, profit and loss statements, open foreign currency contracts, Margin
balances, account credits and debits, etc.. Counterparty accepts the risk that such reports on CitiFX Pro may be viewed, received,
accessed or disclosed to third parties other than the intended recipient(s). Counterparty agrees not to hold any of the Indemnified
Persons responsible or liable, in contract, tort (including negligence or breach of statutory duty), equity or otherwise, for any such
access or disclosure or for any Losses suffered or incurred by Counterparty or any third party as a result of any such access
or disclosure. Hard copies of monthly customer statements are available upon request only and may incur an additional charge.
Reports are deemed received when made available to Counterparty by Citi, regardless of whether Counterparty actually accessed
the statement. Counterparty is responsible for alerting Citi to any change in Counterpartys e-mail address. Except to the extent
specified in this paragraph and in paragraph 18 above, Citi will not send Counterparty any copies of transaction reports or of account
statements (whether daily, monthly or annually).
This consent will be effective until revoked by Counterparty in writing and received by Citi. In the event of such revocation, Citi shall
have the right but not the obligation to terminate this Agreement in accordance with the provisions of paragraph 30.
20. Communications. Reports, statements, confirmations, notices and any other written communications given hereunder
(Communications) may be transmitted to Counterparty from Citi via CitiFX Pro and/or at any address, telex code, telephone number,
fax number or e-mail address (each such detail a Contact Detail) provided by Counterparty in the CitiFX Pro account application
(the Account Application). Counterparty undertakes to keep each Contact Detail updated at all times and to regularly check CitiFX
Pro and its e-mail for Communications from Citi. Regardless of the time Counterparty actually receives, reads or accesses any
Communications from Citi and whether or not Counterparty actually receives, reads or accesses any Communications from Citi,
Counterparty is deemed to have received each Communication from Citi: (i) at the time of delivery (if sent by courier, messenger
or personally); (ii) at the time of posting (if sent by prepaid post, even if returned undelivered); (iii) at the time of transmission by
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the email server operated by Citi or its Service Provider (as defined in paragraph 34(viii) below) (if sent by email, notwithstanding
any delayed sending, non-delivery or returned mail reply message or any error message indicating that the e-mail was delayed or
not successfully sent to Counterparty); (iv) at the time the Communication is made available by or on behalf of Citi on CitiFX Pro (if
made available on CitiFX Pro); or (v) at the time of transmission (if sent by telex with answer-back or fax). All Communications (other
than Instructions relating to orders) from Counterparty to Citi may be sent by Counterparty to Citi in writing and sent by hand, fax
or registered mail, or via e-mail, telephone or facsimile transmission to the respective contact details set out in the relevant Country
Annex of this Agreement (unless otherwise expressly stated) and all Communications sent to Citi will only be effective upon receipt
by Citi of the same.
21. Currency Fluctuation Risk. All risks of currency exchange rate fluctuations affecting the Account and the value of the spot
foreign currency contracts held therein will be borne solely by Counterparty, and, in particular, (i) any loss arising in the Account
from a spot foreign currency contract as a result of a fluctuation in the spot market exchange rate for the underlying currencies will
be entirely for Counterpartys account and risk; (ii) unless specifically otherwise authorized by Citi in an individual case, all initial and
additional funds transferred to Citi for Margin purposes will be made in such currency as is specified in the Account Application, in
such amounts as Citi may, in its sole and absolute discretion, require; and (iii) Citi is authorized to convert funds (including positive
cash balances) received by, transferred to or to be transferred to Citi for Margin purposes in a currency other than the specified
currency of the Account, from such foreign currency into the specified currency of the Account at a rate of exchange determined
by Citi in its sole and absolute discretion on the basis of the then prevailing spot market exchange rate. Citi will have no obligation
to retransfer to Counterparty any transferred Margin Funds in any currency other than the specified currency of the Account. If
Counterparty requests Citi to retransfer such monies in any currency other than the specified currency of the Account, Citi will effect
any currency conversion at such time and at a rate of exchange determined by Citi in its sole and absolute discretion on the basis of
the then prevailing spot market exchange rate.
22. Counterpartys Representations and Warranties. As of the date hereof, the date of each foreign currency contract and
any other transaction in Counterpartys Account and any date on which Risk Disclosure Statement and Supplemental Risk Disclosure
Statement (attached hereto) or CitiFX Pro Terms of Use or CitiFX Pro Trading Conditions (each available on the CitiFX Pro website)
are revised, updated or amended, Counterparty represents and warrants to Citi and agrees for the benefit of Citi that:
(i) Counterparty, if a natural person, is of sound mind, is aged 21 or over and is of legal competence;
(ii) Counterparty, if not a natural person, (a) is duly organized and validly existing under the applicable laws of the jurisdiction
of its organization; (b) execution and delivery of this Agreement, the furnishing, transfer, delivery and/or crediting of all
Margin required hereunder, any and all foreign currency contracts and other transactions contemplated hereunder and
the performance of all obligations contemplated under this Agreement, have been duly authorized by Counterparty; and
(c) each person executing and delivering this Agreement, any and all foreign currency contracts and other transactions
contemplated hereunder on behalf of Counterparty, performing the obligations contemplated under this Agreement, and
furnishing, transferring, delivering and/or crediting Margin required under this Agreement on behalf of Counterparty, has
been duly authorized by Counterparty to do so;
(iii) Counterpartys execution and delivery of this Agreement, and performance of all of Counterpartys obligations contemplated
under this Agreement, the furnishing of all Margin required and all foreign currency contract and other transaction
contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to
Counterparty;
(iv) Counterparty has not granted and will not grant to any person other than Citi without Citis prior written consent any security
interest or equivalent or similar interest of whatsoever kind and howsoever described in any property held with Citi as
Margin Funds or in respect of any obligation on the part of Citi to pay any amounts due in respect of this Agreement or any
foreign currency contract(s) or to repay as debtor in respect of any Margin Funds;
(v) Counterparty will immediately on request execute and deliver all documents, give all notices, make all filings and take such
other actions as Citi, in its sole and absolute discretion, deems necessary or desirable with respect to Citis interests with
respect to any property held as Margin Funds;
(vi) All information at any time provided by Counterparty to Citi with respect to the opening or maintenance of the Account,
including without limitation, (a) information regarding Counterpartys net worth, trading experience and investment
sophistication; (b) information that neither Citi nor its affiliate will be providing advice or otherwise managing or directing
Counterpartys trading activities on or with respect to the Account, or (c) information regarding Counterpartys relationship
with retail forex counterparties as defined in the OCC Rules, is, at any time, true, correct and complete and Counterparty will
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notify Citi promptly of any changes in such information or its accuracy as of any time.
(vii) Counterparty has very carefully considered the portion of Counterpartys assets that Counterparty considers to be properly
allocable to risk capital, i.e., the amount of money that Counterparty is willing to put at risk which, if lost, would not, in any
way, change Counterpartys life style or, if not a natural person, would not, in any way, represent a material change in
Counterpartys financial position or creditworthiness.
(viii) Counterparty is solvent and that Counterparty will not become insolvent in consequence of entering into this Agreement,
or any foreign currency contract or transaction hereunder. For the purposes of this paragraph, Counterparty is insolvent
if Counterparty is unable to pay Counterpartys debts as they fall due or the value of Counterpartys assets is less than the
amount of Counterpartys liabilities, taking into account Counterpartys actual, contingent and prospective liabilities;
(ix) Counterparty is acting as principal (and not as agent for any other person) in respect of this Agreement, each foreign
currency contract and transaction entered into and contemplated hereunder. Counterparty is not, and does not hold itself
out to be, a foreign currency broker or foreign currency dealer, except as specifically disclosed to Citi in writing; and
(x) Counterparty shall use, access and transact on CitiFX Pro in accordance with and Counterparty has complied and will continue
to comply with all requirements, restrictions and provisions of this Agreement.
23. Counterparty Responsibility to Comply with Governing Law. Counterparty will have sole responsibility to ensure that its
trading complies with all applicable rules or laws governing Counterpartys conduct as a fiduciary, if applicable, or otherwise, and Citi
will have no responsibility therefore.
24. Credit Inquiries. Counterparty hereby authorizes Citi and its authorized representatives to investigate Counterpartys credit
standing and, in connection therewith, to contact such banks, financial institutions and credit agencies as Citi deems appropriate
to verify financial information regarding Counterparty. Counterparty further authorizes Citi to investigate Counterpartys current
and past investment activity and, in connection therewith, to contact such futures commission merchants, introducing brokers,
commodity trading advisors, exchanges, broker/dealers, banks, compliance officers and others as Citi will deem appropriate. Upon
reasonable request made in writing by Counterparty to Citi, Counterparty will be allowed to review any records maintained by Citi
relating to Counterpartys credit standing, and Counterparty also will be allowed, at Counterpartys sole cost and expense, to copy
such records.
25. Joint Accounts. If the Account is a joint Account, the Account will be opened by, and Citi will treat the Account as being held
by, the joint Account holders as joint tenants. Each tenant, acting alone, will have full authority, in accordance with the terms of
this Agreement, to: (i) trade for the Account; (ii) receive all correspondence and documents in respect of the Account; (iii) receive
or request for a transfer of any Margin Funds with respect to the Account; (iv) execute agreements relating to the Account; and (v)
transact all other Account business with Citi. Notwithstanding the foregoing, Citi will have the right and authority, from time to time
or at any time, to require joint action with respect to Account matters by all tenants of the Account in its sole and absolute discretion.
Notwithstanding any other provision of this Agreement, the liability of all such persons under this Agreement will be joint and
several, even if any such person dies in the interim, with his or her estate then assuming such liability. The right of set-off provided
for in paragraph 4, and Citis rights upon an Event of Default occurring under paragraph 16, of this Agreement may be exercised by
Citi in respect of the entire Account balance and in respect of all foreign currency contracts and transactions of the joint Account
holders without regard to contributions made or positions taken by the individual Account holders. If the death of one or more of
the tenant(s) occurs during the term of this Agreement, Citi will be promptly notified in writing by the other tenant(s), and may, in
such event, without having to assign a reason therefor, either terminate this Agreement in accordance with paragraph 30, or accept
the Instructions of the survivor, or a majority of the survivors, as the case may be, as to its continuance. Subject to the preceding
sentence, an Event of Default specified in paragraph 16 of this Agreement will be deemed to occur in relation to the Account if any
such event occurs in respect of any one tenant.
26. Severable Provisions.Any provision or part thereof of this Agreement that is prohibited, invalid or unenforceable in any
jurisdiction will, as to such jurisdiction, be ineffective only to the extent of such prohibition, invalidity or unenforceability without
invalidating the remaining provisions hereof. Any such prohibition, invalidity or unenforceability in any jurisdiction will not invalidate
or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties waive any
provision of law which renders any provisions hereof prohibited, invalid or unenforceable in any respect.
27. Entire Agreement; Single Agreement; Amendment. This Agreement together with the Account Application embodies
the entire agreement between Citi and Counterparty, superseding any and all prior written and oral agreements. Notwithstanding
the foregoing, all foreign currency contracts and transactions under this Agreement are entered into in reliance on the fact that
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this Agreement and all outstanding foreign currency contracts and transactions (and to the extent recorded in a Confirmation, and
each such Confirmation) shall form a single agreement between Counterparty and Citi and Citi would not otherwise enter into this
Agreement, or any foreign currency contract or transaction. Counterparty acknowledges and agrees that Citi may unilaterally amend
or change this Agreement (including but not limited to the addition, amendment or change of any Country Annex) at any time. Citi will
provide notice to Counterparty of any such amendment or change by posting the amendment or change on the CitiFX Pro website or
by sending an e-mail message to Counterparty. Counterparty agrees to be bound by the terms of such amendment or change thirty
(30) calendar days after Citi has posted notice of such amendment or change on the CitiFX Pro website. For the avoidance of doubt,
any amendment or change to this Agreement (whether pursuant to this paragraph or any other provision of this Agreement) shall
apply with respect to all foreign currency contracts and transactions outstanding immediately prior to the effective date of such
amendment or change, unless otherwise specified by Citi.
In the event that Counterparty so objects to any such change or amendment, this Agreement will be deemed terminated by Citi
in accordance with paragraph 30 of this Agreement and Counterpartys open foreign currency contracts will be liquidated on the
Early Termination Date in accordance with paragraph 16 of this Agreement and Citi shall have the right to exercise all its rights
under paragraph 16 as if an Event of Default had occurred, save that Citi shall close-out and terminate all, and not some only, open
foreign currency contracts held in or for the Account on the Early Termination Date. No waiver or amendment of this Agreement
may be implied from any course of dealing between the parties or from any failure by any of the Indemnified Persons to assert its or
their rights under this Agreement on any occasion or series of occasions. No oral agreements or instructions to the contrary will be
recognized or enforceable.
This Agreement and the Account Application (as may be amended and supplemented from time to time) may have been prepared
and delivered to you in a language other than English for your convenience. It is expressly understood and agreed that, in the
event of any conflict between the English language version of this Agreement and the Account Application (as may be amended
and supplemented from time to time) and versions in other languages, the English language version of this Agreement (as may be
amended and supplemented from time to time) shall prevail for all purposes.
28. Choice of Law. THE INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT WILL BE GOVERNED BY THE LAWS OF
ENGLAND AND WALES, without giving effect to its conflicts of laws principles. Counterparty hereby submits to the jurisdiction of
the courts of England and Wales with respect to any proceeding arising out of and relating to this Agreement, any foreign currency
contract or transaction in connection herewith, and waives any objection to jurisdiction it may otherwise be entitled to assert in
any such proceeding. The parties hereby irrevocably waive any right to a jury trial in any matter arising under or relating to this
Agreement.
29. Binding Effect. This Agreement will be continuous in operation during its term, and will cover, individually and collectively, all
Accounts of Counterparty at any time opened or reopened with Citi, irrespective of any change or changes at any time in the personnel
of Citi, or its successors, assigns, or Affiliates. This Agreement, including all authorizations and collateral documents executed in
connection therewith, will inure to the benefit of Citi and its successors and assigns, whether by merger, consolidation or otherwise,
and will be binding upon Counterparty and the estate, executors, administrators, heirs, devisees, legatees, legal representatives,
trustees, conservators, successors and permitted assigns of Counterparty. Counterparty hereby agrees not to assign the Account,
or any interest therein, or encumber in any way any open spot foreign currency contracts or any Margin Funds in respect thereof,
without the prior written consent of Citi.
30. Termination. This Agreement will remain in effect until terminated. Counterparty may terminate this Agreement at any time
by providing at least 5 Business Days prior written notice to Citi, provided that no such notice may be provided unless Counterparty
has no open foreign currency positions in its Account, and owes no liabilities to Citi. Citi may terminate this Agreement at any time
by providing written notice to Counterparty. Where Citi terminates this Agreement under this paragraph 30, Citi shall have the right
to exercise all its rights under paragraph 16 as if an Event of Default had occurred, save that Citi shall close-out and terminate all,
and not some only, open foreign currency contracts held in or for the Account on the Early Termination Date. Termination of this
Agreement will not affect foreign currency contracts and transactions previously entered into or relieve either party of any obligation
in connection with any debit or credit balance or other liability or obligation incurred prior to termination.
31. Indemnification. Counterparty agrees to indemnify, defend and hold harmless each of the Indemnified Persons, from and against
any and all Losses, actions, demands, suits, proceedings (including legal fees, on a full indemnity basis) arising out of, or directly or
indirectly resulting from (i) any order entered or foreign currency contract or transaction effected for or carried in Counterpartys
Account, (ii) any failure of Counterparty and/or, where applicable, the Account Manager, to perform its obligations hereunder,
including without limitation any failure to meet any Margin call or pay any amount due to Citi, (iii) any false or misleading statement
or representation made by Counterparty, the Authorized Representatives and/or Authorized Dealers and/or, where applicable, the
Account Manager, (iv) any act or omission by Counterparty, the Authorized Representatives and/or Authorized Dealers and/or,
where applicable, the Account Manager, with respect to Counterpartys Account, or (v) any failure by Counterparty, the Authorized
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Representatives and/or Authorized Dealers and/or, where applicable, the Account Manager, to comply with any applicable rule or
law or the rules of Citi. Counterparty also agrees to pay promptly to any of Citi and its Affiliates all Losses incurred by it and them
in the enforcement of any of the provisions of this Agreement and any other agreements between it, them and Counterparty. Citi is
authorized to withhold, transfer, use and apply any Margin Funds in its possession whenever Citi deems it necessary to pay amounts
or to discharge obligations owing to Citi and the Indemnified Persons in respect of the Account or under this Agreement, by reason of
this paragraph. The provisions of this paragraph 31 and all of the rights of Citi hereunder shall apply, be available to and be conferred
on the Indemnified Persons regardless whether the relevant Losses, actions, demands, suits proceedings or any part thereof were
also caused by Citi, provided always that Citi and the Indemnified Person shall not apply Counterpartys obligations arising from the
Account or under this Agreement against any funds or other asset of the Counterparty other than the Margin Funds.
32. Modification by Applicable Rule or Law. Whenever any law will be enacted, or rule or regulation will be prescribed or
promulgated by a regulatory agency or self-regulatory organization with authority over foreign currency contracts or transactions
(collectively rule or law) that will render unlawful or invalid in whole or in part any of the provisions hereof, the provisions of
this Agreement will nevertheless continue to be in full force and effect except that to the extent that any such rule or law renders
unlawful or invalid any of the provisions of this Agreement (or part thereof as applicable), such provisions will be deemed modified
or superseded, as the case may be, by such rule or law, and will in all respects continue to be in full force and effect. Notwithstanding
paragraph 27 of this Agreement, Counterparty acknowledges and agrees that Citi may unilaterally amend or change any provisions
of this Agreement (including but not limited to the addition, amendment or change of any Country Annex at any time) to comply with
or in connection with any such rule or law, with such amendment or change taking effect immediately upon Citi posting notice of such
amendment or change on the CitiFX Pro website or immediately upon Citi sending an e-mail message to Counterparty notifying of such
amendment or change, whichever is earlier. None of the Indemnified Persons will be liable to Counterparty as a result of any action
taken by Citi to comply with any such rule or law, including without limitation any liquidation, in whole or in part, of Counterpartys
foreign currency contracts or any other action taken. Citis violation of any such rule or law will not provide Counterparty either a
defense to any claim by any Indemnified Persons or the basis of a claim against any Indemnified Persons, unless any such violation is
the direct cause of loss to Counterparty.
33. Recordings. Telephone conversations between Citi and Counterparty (or any of their respective agents, including, without
limitation, any Account Manager, and in respect of Counterparty, any of its Authorized Representatives and/or Authorized Dealers)
may be recorded by Citi. Counterparty consents to the recording of conversations, with or without the use of an automatic tone
warning device, without any obligation by Citi to make or retain such recordings. Counterparty agrees that any such recordings of
Citi shall be conclusive and binding evidence against Counterparty of the fact and content of the conversations and are admissible
in evidence. Counterparty further agrees that all of Citis and/or its Service Providers (as defined in paragraph 34(viii) below)
records or logs, tapes, cartridges, computer printouts, copies or other form of information storage relating to this Agreement, any
foreign currency contracts and transactions governed hereby (collectively the Records) are binding and conclusive evidence of all
instructions, communications, information and/or data received or sent by Citi (whether directly or via its Service Provider) and are
admissible in evidence. Counterparty agrees not to challenge or dispute the admissibility, reliability, validity, accuracy or authenticity
of Records and Counterparty hereby waives any of Counterpartys rights (if any) to so challenge or object.
34. General.
(i)
(a) No assignment or transfer by Counterparty of this Agreement, or any foreign currency contract or transaction, or all or
any part of its rights and obligations hereunder and thereunder, whether by merger, consolidation, transfer, or otherwise
shall be permitted unless and until prior approval in writing has been granted by Citi and Counterpartys successor has
agreed to provide satisfactory Margin Funds to Citi. In the event that Citi agrees to such an assignment or transfer, this
Agreement will be binding upon Counterpartys successors by merger, assignment, consolidation or otherwise, and Citi may
transfer Counterpartys Account to any such successors or assigns.
(b) Citi must provide Counterparty with 30 calendar days prior notice of any assignment or transfer of any position or any
Account of Counterparty. During this 30 calendar days period, Counterparty may request (1) Citi to close-out and terminate
all open foreign currency contracts held in or for such Account (and in that event, unless prohibited by applicable law, Citi
shall have the right to exercise all its rights under paragraph 16 as if an Event of Default had occurred); or (2) Citi to assign or
transfer such position or such Account to another counterparty (the Transferee) selected by Counterparty, subject to the
payment or settlement of applicable fees, expenses, taxes, costs, charges and/or other liabilities as may be agreed between
Citi, the Counterparty and the Transferee, and on the condition that the transfer shall not result in Citi to be in breach of
any applicable laws. Counterparty shall be deemed to have consented to the assignment or transfer of such position or such
Account if:
(I) none of the foregoing requests is received by Citi within the above 30 calendar days period;
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(II) in respect of the request in sub-paragraph 34(i)(b)(2), there is no agreement or no payment or settlement as to the
applicable fees, expenses, taxes, costs, charges or other liabilities within the 30 calendar days period. In making the
relevant assignment or transfer, Citi shall have the power to transfer such Margin Funds to such counterparties as may
be appropriate and/or effect such currency conversions including but without limitation to any such Margin Funds.
Unless Citi expressly agrees otherwise, any assignment or transfer of any position or Account hereunder shall be without
prejudice to any liabilities as may be due, owing or outstanding to it by the Counterparty or other rights or remedies
available to it under this Agreement or otherwise. Notwithstanding the foregoing, Citi is in any event not obliged to effect
any transfer or assignment if to do so would breach any applicable law.
The requirements of sub-paragraph 34(i)(b) do not apply to transfers (1) requested by Counterparty; (2) made by the
Federal Deposit Insurance Corporation as receiver or conservator under the Federal Deposit Insurance Act; or (3) otherwise
authorized by applicable law.
(ii)
Counterparty agrees to pay all expenses, including attorneys fees incurred by Citi, to defend any unsuccessful claim
Counterparty brings against Citi. Counterparty may bring arising out of this Agreement no action, regardless of form, more
than one year after the cause of action arises.
(iii) To the extent certain ancillary documents (including, without limitation, the Risk Disclosure Statement and Supplemental
Risk Disclosure Statement and the relevant Country Annex attached hereto) are required in connection with this Agreement,
such documents are incorporated herein by reference, and Counterparty agrees to be bound by all provisions therein.
Counterparty agrees that the Country Annex which will apply to and be binding on it would be the same as the jurisdiction
in which it is resident (for individuals) or has a business address (for non-individuals, including partnerships), as specified in
Counterpartys application form (the Counterpartys Jurisdiction), and if there is no such Country Annex for Counterpartys
Jurisdiction, the Country Annex Asia will apply to and be binding on Counterparty. If the Account is a joint Account, each
joint Account holder will be bound by the relevant Country Annex that applies to that joint Account holder. In accordance
with Clause 27, Citi shall have the right to add a Country Annex to this Agreement for any jurisdiction and if a Country Annex
is added for Counterpartys Jurisdiction, the Country Annex Asia would disapply to Counterparty and Counterparty agrees
that the Country Annex for Counterpartys Jurisdiction will apply to and be binding on it. In the event of any inconsistency
between the relevant Country Annex and this Agreement, the Country Annex shall prevail.
(iv) Except as provided in paragraphs 27 and 32, no provisions hereof will be waived or modified in any respect unless approved
in writing by Citi.
(v)
The headings for each provision are for descriptive purposes only and will not be deemed to modify or qualify any of the
rights or obligations set forth in each provision.
(vi) If Counterparty has a complaint about the services provided under this Agreement Counterparty may contact:
compliance@citifxpro.com
(vii) A person who is not a party to this Agreement shall not have any right to enforce or enjoy any benefit under or in connection
with this Agreement pursuant to the Contracts (Rights of Third Parties) Act 1999 unless expressly provided for in this
Agreement, save that (a) each of the Indemnified Persons has the ability to enforce any rights that are granted to it under
the terms of this Agreement and (b) all defenses and limitations in this Agreement shall be enforceable by all Indemnified
Persons, Citis successors and assigns and entities into which Citi may merge or consolidate or be formed as a result of
acquisition by or of Citi. Consent of these parties is not required for any variation, rescission or termination of this Agreement.
(viii) Citi reserves the right to use any service providers, subcontractors and/or agents (the Service Providers) with respect
to the performance of and/or by Citi, of any acts, obligations or other matters relating to this Agreement on such terms
as Citi thinks appropriate. Citi shall otherwise have no responsibility for performance by the Service Provider of the duties
delegated to it under this Agreement including liability for any Losses suffered by Counterparty as a result of the insolvency,
acts, omissions or default of any Service Provider.
(ix) In addition to Counterpartys access to CitiFX Pro under this Agreement, Citi may facilitate Counterpartys access to, or
receipt of, one or more third party products or services that are not part of CitiFX Pro (collectively, Third Party Services).
Counterparty acknowledges that the provision of such Third Party Services shall be under agreements or terms of use
between Counterparty and the relevant third party provider (the Third Party Providers) to which Citi will not be a party.
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Use of and access to Third Party Services is at Counterpartys own risk, and with respect to Third Party Services, Citi makes
no representations or warranties, disclaims all responsibility and liability, and does not endorse the Third Party Services
or Third Party Providers. Citi may, at any time and in its sole discretion, and with or without prior notice, cancel, change,
revoke or suspend Counterpartys access to any or all Third Party Services and any related arrangements by Citi on behalf
of Counterparty, including payment of fees, that facilitate Counterpartys access to and use of Third Party Services.
35. Data Protection Notices. Counterparty is not required to provide any personal data to Citi unless it chooses to do so.
However, Counterparty acknowledges and agrees that any failure to supply personal data may result in Citis inability or refusal to
offer Counterparty access to CitiFX Pro or to enter into foreign currency contracts and transactions pursuant to this Agreement. By
entering into this Agreement or by using CitiFX Pro, Counterparty respectively acknowledges and accepts notice of, and consents
for the purposes of Citi providing CitiFX Pro and related services or information to Counterparty and administering its business in
relation thereto, that, subject to any privacy choice expressed by Counterparty in the Account Application Form:
(i)
Citi, its Affiliates, Service Providers, Third Party Providers and any non-affiliated third parties selected by any of them
may collect personal data, which may include the following personal data, for the purpose of providing CitiFX Pro and
related services or information and informing Counterparty about developments regarding CitiFX Pro or Counterpartys
usage thereof: (1) Counterpartys name, mailing address, social security or other tax identification number, and all other
information specified on the Account Application; (2) Counterpartys orders, foreign currency contracts, transactions, and
profit/loss from trading; and (3) Counterpartys Margin, withdrawals, transfers and re-transfers.
(ii) Citi, its Affiliates, Service Providers, Third Party Providers and any non-affiliated third parties selected by any of them,
wherever situated, may use personal data for any of the following purposes (without limitation): providing CitiFX Pro and
related services or information and informing Counterparty about developments regarding CitiFX Pro or Counterpartys
usage thereof; the daily operation of Counterpartys Account or any other account maintained with Citi, its Affiliates or
Service Providers, Third Party Providers or non-affiliated third parties in connection with CitiFX Pro; conducting credit
checks (if applicable); assisting other financial services firms to conduct credit checks (if applicable); ensuring Counterpartys
ongoing credit-worthiness (if applicable); determining the amount of indebtedness owed by Counterparty or to Counterparty;
marketing Citis and/or its Affiliates, Service Providers, Third Party Providers and non-affiliated third parties financial
services or related products to Counterparty; meeting the requirements to make disclosures under any law, regulation or
other requirement binding on Citi, its Affiliates, Service Providers, Third Party Providers or non-affiliated third parties; and
all other incidental and associated purposes relating to the provision of financial services to Counterparty;
(iii) Citi, its Affiliates, Service Providers, Third Party Providers and any nonaffiliated third parties selected by any of them may
process any such personal data specified above. Such processing involves electronic registration, storage, modification,
copying, deletion, printing and transfer of the personal data. Citi may, if it in its sole and absolute discretion deems
necessary, transfer personal data to its Affiliates, Service Providers, Third Party Providers and other nonaffiliated third
parties anywhere in the world in connection with Counterpartys use of and Citis operation of CitiFX Pro and for any of
the purposes specified in sub-paragraph (ii) above, including without limitation for the purposes of: (1) meeting obligations
to government agencies and regulatory authorities; (2) complying with applicable law, including without limitation antimoney laundering, anti-terrorist or fraud detection laws and regulations; (3) assigning or sub-contracting any part of the
normal business functions of Citi to Citis data processors, currently Saxo Bank A/S in Copenhagen, Denmark, Saxo Bank
A/S London Branch, in London, U.K., and Saxo Capital Markets Pte. Ltd. in Singapore; (4) monitoring services provided to
Counterparty in relation to Counterpartys use of CitiFX Pro, whether such monitoring is conducted by Citi, or by Citis data
processors, currently Saxo Bank A/S, Saxo Bank A/S London Branch, and Saxo Capital Markets Pte. Ltd., or a third party;
and (5) communicating with credit reference and information agencies
(iv) If Counterparty is located in one of the countries of the European Economic Area, and to the extent personal data provided
by Counterparty is subject to the data protection rules of the countries of the European Economic Area, the controller of
such personal data will be Citi, or such of its Affiliates, Service Providers or Third Party Providers as it may determine from
time to time subject to applicable law.
(v)
If any personal data (including sensitive personal data) belonging to Counterpartys employees or other individuals, is
provided to Citi by or through Counterparty, Counterparty represents and warrants that such persons are aware of and
explicitly consent to the use of such personal data to the same extent as set forth in the paragraphs above and Counterparty
agrees to defend and indemnify Citi, its Affiliates and Service Providers against any Losses which it may incur arising out of
a breach by Counterparty of this representation and warranty.
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(vi) Counterparty has the right to gain access to the data processed by Citi concerning Counterparty subject to certain legal limitations.
Counterparty also has the right to object to the processing by Citi of Counterpartys personal data and to rectify the data processed
if relevant and to withdraw the consent granted by this paragraph 35. Counterpartys objection to the processing by Citi of certain
personal data or Counterpartys withdrawal of the consent granted by this paragraph 35 may result in Citis inability or refusal
to offer Counterparty access to CitiFX Pro or enter into foreign currency contracts or transactions pursuant to this Agreement.
Counterparty may exercise the right of access, right to rectify processed data, right to object, and the right to withdraw
consent, by contacting: citifxpro.sg@citi.com.
36. This paragraph 36 shall apply if Counterparty is entering into this Agreement in its capacity as trustee of a trust.
(i) Counterparty agrees that Citi will deal with Counterparty and be entitled to deal with Counterparty as if there were no trust
constituted or subsisting and, without prejudice to the foregoing and subject to the provisions of this Agreement, Citi is not
obliged to act on any Instructions relating to the Account other than from Counterparty or obtain any consent from any
person;
(ii) Citi may require Counterparty to provide it with, and Counterparty will provide Citi with, such information on any settlor,
beneficiary or any other person under the trust (persons under the trust) as may be required by Citi. Citi may also require
Counterparty to provide it with any documents and other information as may be required by Citi relating to the trust. If
Counterparty cannot disclose such information due to Counterparty having entered into any confidentiality agreement in
respect thereof, Counterparty must (1) provide Citi with undertakings in form and substance satisfactory to it and in relation
to such matters as Citi may from time to time require; and (2) upon Citis request, promptly provide Citi with information
and documents relating to the trust;
(iii) Counterparty will observe anti-money laundering legislation of the country where Counterparty is resident, registered, and
incorporated and where an Account is located. Counterparty understands that Citi may be requested to provide information
about an Account or all persons under the trust by any relevant agency or authority, and Citi has no obligation to ascertain
or enquire into the purpose for which such information is requested;
(iv) Counterparty represents and warrants to Citi (which representations and warranties are deemed repeated on a continuous
basis for so long as Counterparty has any Account with Citi) that:
(1) the trust is validly constituted in accordance with all applicable laws;
(2) all necessary steps have been taken, all discretions have been properly exercised and Counterparty has the power to:
(I) operate the Account and utilize the services contemplated under this Agreement;
(II) enter into every foreign currency contract and transaction under this Agreement, provide or request transfer of any
Margin and enter into any other document, agreement, instrument or arrangement with Citi from time to time, under
the constitution and under the trust deed or instrument constituting the trust (the Trust Deed);
(3) Counterparty is the sole trustee of the trust and no new trustees have been appointed, and no steps have been taken for
Counterparty to resign or be replaced as the trustee and Counterparty shall forthwith notify Citi if any such steps are taken;
(4) there have been no amendments to the Trust Deed which have not been promptly disclosed in writing to Citi;
(5) there are no restrictions on Counterpartys right to be indemnified from the assets of the trust, other than in the express
written terms of the Trust Deed or at law. Nothing has occurred to affect that right and Counterparty is not in default under
any provision of the Trust Deed. Counterparty agrees that subject to this sub-paragraph (5), any right which Counterparty
may have in respect of reimbursement and/or recoupment from the assets of the trust shall be fully subordinated to the
right of Citi and its Affiliates to repayment of Counterpartys liabilities to Citi and its Affiliates (as may be relevant) and
otherwise hereunder and Counterparty agrees not to exercise or seek to exercise such right and, where Counterparty
exercises such right for any reason whatsoever, Counterparty agrees and undertakes to pay to Citi and its Affiliates an
amount equal to that which is received by Counterparty from the assets of the trust up to an aggregate amount equal to
the liabilities then outstanding to Citi and its Affiliates and otherwise hereunder. Notwithstanding the foregoing, for so long
as no Event of Default shall be continuing, Citi agrees that Counterparty will be entitled to exercise, and receive payment in
respect of the exercise of, any right of reimbursement and/or recoupment which Counterparty may have in accordance with
the terms of the Trust Deed or applicable law;
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(6) where there is more than one trustee, Counterparty as trustee(s) shall be jointly and severally liable to Citi for any of the
trusts obligations under this Agreement and any other agreement, document, instrument or arrangement between Citi and
Counterparty, provided always that Citi shall not apply Counterpartys obligations arising from the Account or under this
Agreement against any funds or other asset of the Counterparty other than the Margin Funds;
(7) entering into and performing the terms of this Agreement involves no breach of any duty by Counterparty in relation to the
Trust Deed, any other agreement, document, instrument or arrangement entered into by Counterparty or any applicable
laws, rules or regulations; and
(8) no steps or proceedings have been taken for the winding up or termination of the trust;
(v) if required by Citi, Counterparty will provide Citi promptly on request with a certified true copy of the Trust Deed and
a legal opinion (in form and substance acceptable to Citi) that confirms sub-paragraphs (1)to (8) above;
(vi) Counterparty will not do, or fail to do, any act whereby its right of indemnity out of the assets of the trust, or its right
to be subrogated to that right of indemnity, would be prejudiced or diminished in any way;
(vii) any liability of or indemnity given by Counterparty or any of Counterpartys other obligations under this Agreement
shall be on the basis that Citi has full recourse to all the assets of such trust as well as any and all Margin Funds and
amounts standing to the credit of an Account, provided always that Citi shall not apply Counterpartys obligations arising
from the Account or under this Agreement against any funds or other asset of the Counterparty other than the Margin
Funds;
(viii) Counterparty agrees that, even though it is acting as trustee, Counterparty will be personally liable to Citi and its
Affiliates under
this Agreement in respect of any liabilities for which Counterparty has no right to be indemnified from the assets of the
trust or where Counterparty has no right to be subrogated to such right of indemnity, or in respect of any breach by
Counterparty of any of its representations or warranties above or any of the provisions of this Agreement;
(ix) Counterparty acknowledges and agrees that none of the Indemnified Persons will be liable to Counterparty for any
Losses arising from or in connection with its having executed or otherwise relied on Instructions that were given by
Counterparty, even if such Instructions were provided in breach of trust, duty or any lack of capacity, authority or power.
The provisions in sub-paragraphs (iv)(5), and (vi) to (ix) above are without prejudice to the provisions in paragraph 32.
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37. Risk Acknowledgement. Counterparty hereby warrants that (a) Counterparty has read and understood the Risk Disclosure
Statement and Supplemental Risk Disclosure Statement (attached hereto) and has had an appropriate opportunity to ask of
Citi, and of Counterpartys own legal and financial advisors, any questions about the same; and (b) Counterparty has read and
understood the entire Agreement including the notices and consent contained in paragraph 35 concerning Citis processing
of Counterpartys personal data. Citi does not act as Counterpartys advisor and is not a fiduciary nor does it take on any
fiduciary obligations under this Agreement. Counterparty acknowledges and agrees that Counterparty has made and will make
an independent analysis and decision with respect to the entering into of this Agreement and all dealings. Every foreign currency
contract and/or transaction shall be deemed to be undertaken by Counterparty in reliance only upon Counterpartys own judgment
and not in reliance upon any views, representations (whether written or oral or otherwise), advice, recommendations, opinions,
reports, analysis, materials, information or other statement by Citi or any of the Indemnified Persons. Counterparty agrees and
acknowledges that Citi does not hold out any of the Indemnified Persons as having any authority to advise Counterparty, and
Citi does not purport to advise Counterparty on the terms of, or any other matters connected with any foreign currency contract
and/or transaction.
Counterparty acknowledges that by signing below, it is making an offer to enter into this Agreement with Citi, which offer
may be accepted by Citi upon Citi giving notice to Counterparty that an Account has been opened. Upon Citis acceptance of
Counterpartys offer, this Agreement will be binding on Counterparty.
Title
Print Name
ID/Passport Number
Date
Signature
Your Agreement with Us

By signing this Account Application and checking this box, you acknowledge and agree as follows:
(a) you are applying to us for the Account;
(b) you represent and warrant that all information provided to us by you is true and complete;
(c) you undertake to notify us immediately in writing of any change to such information;
(d) you undertake to (i) provide us, upon our request, with any information required for us to fulfil our contractual, regulatory
or other legal obligations, and (ii) inform us immediately (and in any event within 30 days) of any and all changes relating
to the information in this Account Application, including (without limitation) any changes in your address, tax residence or
nationality;
(e) you understand that we recommend that you take advice from a tax expert in the jurisdiction of your tax residence. You
acknowledge that we shall not provide tax advice to you and agree that we shall assume no liability for claims relating to any
investment or administration of your assets by us which arise from the lack of such advice or from incorrect or insufficient
advice;
(f) you have read, understood, accepted and agreed to our Risk Disclosure Statement, Supplemental Risk Disclosure Statement,
Privacy Notice and the terms and conditions set out in the CitiFX Pro Foreign Currency Access and Trading Agreement
(the Agreement) and confirm that you were given the opportunity to ask questions and consult independent professional
advisers before signing. You also appreciate that the Risk Disclosure Statement and Supplemental Risk Disclosure Statement
are not and cannot be comprehensive or exhaustive. All terms that are used but not defined in this Account Application will
bear the meanings set out in the Agreement (as supplemented or amended from time to time). If there is any inconsistency
between this Account Application and the Agreement, this Account Application shall prevail; and
(g) you acknowledge and agree that we may from time to time make available to you additional products or services and/or
open additionalAccounts for you. Those Accounts, products and services shall be subject to the Agreement and any additional
terms specific to those Accounts, products and services. In the event of any conflict, the terms specific to those Accounts,
products and services shall prevail over the agreement.
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Supplemental Risk Disclosure Statement

Schedule
CITIFX PRO FOREIGN CURRENCY ACCESS AND TRADING ACCOUNT RISK

DISCLOSURE STATEMENT (THE SUPPLEMENTAL RISK DISCLOSURE
STATEMENT)
This Supplemental Risk Disclosure Statement is not intended to, and does not in an way, modify, qualify or limit the disclosures in the
Risk Disclosure provided on page 1 of the account application package. In consideration of Citibank N.A. or any of its affiliates (Citi)
agreeing to enter into over-thecounter (OTC) foreign currency contracts and transactions with you, you acknowledge, understand
and agree that:
Trading is Speculative and Involves a High Degree of Risk. Trading in OTC foreign currency contracts is speculative and
involves a high degree of risk and may not be suitable for many members of the public. In particular, because your foreign currency
trading will be conducted by use of Margin (as defined in the Foreign Currency Access and Trading Agreement) (which covers only
a small percentage of the value of the foreign currency traded), price changes in OTC foreign currency contracts may result in
significant losses, which losses may under some circumstances substantially exceed the funds you may transfer to Citi as Margin
Funds (as defined in the Foreign Currency Access and Trading Agreement) and any additional funds transferred to Citi to maintain
your foreign currency contracts and transactions. Therefore, foreign currency contracts and transactions are appropriate only for
persons that (a) understand and are willing to assume the economic, legal and other risks involved in such transactions, and (b) are
financially able to withstand losses significantly in excess of their initial Margin Funds and any additional funds transferred to Citi to
maintain their foreign currency contracts and transactions.
Currency Risks. Foreign currencies represent the legal tender of one or more foreign nations and normally are not linked to
any intrinsically valuable commodity (such as precious metals). Any transaction involving foreign currencies, including OTC foreign
currency contracts, involves risks not common to investments denominated entirely in a persons domestic currency. Such enhanced
risks include (but are not limited to) the risks of political or economic policy changes in a foreign nation and foreign exchange controls
imposed by government and monetary authorities which may substantially and permanently alter the conditions, terms, marketability
or price of a foreign currency, the Margin Funds that have been transferred and the Margin required from you. The profit or loss
in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will also
be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to
another currency.
Legal Risks. Trading in OTC foreign currency contracts is subject to laws and regulations, review and/or regulation by certain
government agencies and regulatory authorities. CitiFx Pro is only intended for use by investors located in countries where such
use does not constitute a violation of applicable laws, legislation or regulations. None of the products and services on CitiFx Pro are
available to investors residing in countries where the provision of such products and services would constitute a violation of applicable
laws, legislation or regulations. It is your sole responsibility to utilize any product and service on CitiFx Pro in full compliance with all
applicable laws, legislation and regulations. You should consult your legal advisors to determine whether and to what extent you may
enter into OTC foreign currency contracts via CitiFx Pro.
You represent that, by utilizing any product or service on CitiFx Pro, you have complied, and will continue to comply, with the
requirements and/or restrictions detailed in the Foreign Currency Access and Trading Agreement (and in particular the relevant
Country Annex). Where such representation is incorrect, Citi would be entitled to exercise certain rights under the Foreign Currency
Access and Trading Agreement and such rights include but are not limited to the right to close-out and terminate any foreign
currency contracts entered into by you, and to sell, realize or liquidate any property transferred to Citi as Margin or otherwise, as well
as terminate your access to CitiFx Pro without further notice to or consent from you and at the sole and absolute discretion of Citi.
No assurance can be given as to the impact of any judicial decision, change in laws, regulations, policies, guidelines or administrative
practice on your ability to trade in OTC foreign currency contracts, your existing foreign currency contracts and transactions and
the Margin Funds transferred to Citi or on the foreign currency prices or rates in respect of, and/or value of, your open foreign
currency contracts and transactions and/or Margin. Any such change in any relevant jurisdiction may restrict your ability to trade in
foreign currency contracts and transactions, and/or adversely affect the terms and conditions of any foreign currency contracts and
transactions, the Margin Funds that have been transferred and the Margin required from you.
Effect of Spreads and Interest Charges. Prices quoted to you by Citi will include a spread, markup, or mark-down when compared
to prices that Citi may receive or expect to receive in covering its transactions with you in the interbank market or with another party.
While dealing spreads are common in the foreign exchange markets, the total impact of spreads may be significant in relation to the
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size of the Margin you post and may make it more difficult for you to realize a profit from your trading. In addition, in connection
with the automatic rollover of spot foreign exchange transactions that you do not close out, Citi may impose an interest charge. You
should carefully consider the effect of such interest charges along with spreads, markups, or mark-downs on your ability to profit
from trading.
Risk Reducing Orders or Strategies. The placing of certain orders (e.g., stop-loss or stop-limit orders) that are intended to limit
losses to certain amounts may not always be effective because market conditions or technological limitations may make it impossible
to execute such orders or may result in substantial losses being incurred upon execution of such orders.
Obligation to Maintain Required Margin. The Office of the Comptroller of the Currencys rules on Retail Foreign Exchange
Transactions with national banks, Federal branches and agencies of foreign banks, and their operating subsidiaries (12 CFR Part
48) (76 Fed. Reg. 41375 (Jul. 14, 2011)) imposes margin requirements, including minimum required margin amounts, which must be
complied with. Among other restrictions and obligations, those rules:
(i) impose limits on the form of assets that are eligible to be posted by you as margin;
(ii) require haircuts for noncash margin;
(iii) require periodic evaluation, and, if appropriate, modification, of such haircuts; and
(iv) require liquidation of your retail forex transactions if a national bank determines that you have failed to post the required
margin that is sufficient to satisfy the minimum margin requirements under the rules.
It is important for you to carefully review the rules and understand their requirements. Please note that You will be responsible for
all losses and costs resulting from a liquidation of your retail forex transactions and account as a result of your failure to post the
required margin.
Please note that Citis margin policies may require higher and more frequent (including, intra-day) margin posting than the Retail
Foreign Exchange Transaction rules. Citi will exercise considerable discretion in setting and collecting such additional margin and may
liquidate any or all of your open positions, at your cost and expense, should you fail to post such margin.
Without limiting the generality of the foregoing, you understand that, if the amount of Margin Funds credited in respect of your
Account (as defined in the Foreign Currency Access and Trading Agreement) falls below the maintenance Margin level established
by Citi for trading on CitiFX Pro (which will be specified as a percentage of your initial Margin requirement in regard to each currency
pair available for trading), Citi will call for additional Margin Funds to be transferred to it in respect of the Account. Citi may call for
additional Margin Funds at short notice; unless otherwise specified by Citi, you will be required to meet the Margin call no later than
the close of business on the day such request is received. You should be aware that you may not be entitled to an extension of time
when a Margin call is made. From time to time political, economic, market and/or other conditions or factors may arise or persist that
may, directly or indirectly, lead to a rapid and/or significant change in the foreign currency prices or rates in respect of, and/or value
of, your open foreign currency contracts and transactions and/or Margin, with the immediate or eventual effect that the value of the
Margin Funds with respect to your open foreign currency contracts and transactions may be or may rapidly become insufficient, and
that in spite of any communications(s) from Citi to you concerning the Margin status of your Account and your open foreign currency
contracts and transactions, circumstances (including, without limitation, any market disruption or suspension or illiquidity, the time
and/or date on which such rapid and/or significant changes occur to or affect your open foreign currency contracts and transactions,
and the time and/or date on which you receive any such communication(s) from Citi) may not provide you with the opportunity to
transfer any further Margin Funds before any and/or all of your open foreign currency contracts and transactions are closed out by
Citi. If you fail to provide additional Margin Funds within the time required by Citi or if your Account is at any time under-margined,
Citi may, without your consent and without further notice to you, close out any and/or all of your open foreign currency contracts and
transactions and you will be responsible for all Losses (as defined in the Foreign Currency Access and Trading Agreement) resulting
from such liquidation.
Margin Transfers. AAll funds you transfer for Margin will be held by Citi with the funds of other CitiFX Pro customers. Full ownership
in all cash transferred by you will pass to Citi upon receipt by Citi of the cash and you will not retain any right, title or interest to such
cash. All benefits associated with such omnibus accounts, including any interest accruing on the funds held therein, will be retained
exclusively by, and be for the account of, Citi. Margin Funds transferred to Citi to support your foreign currency trading activities do
not currently benefit from protection under the Deposit Protection Scheme in Hong Kong. Such Margin Funds will also not benefit
from protection under the Deposit Insurance and Policy OwnersProtection Schemes Act 2011 of Singapore. Margin Funds transferred
to an account of Citi in the United Kingdom do not currently benefit from protection under the Financial Services Compensation
Scheme or any other deposit protection or guarantee scheme in operation in the United Kingdom.
All funds in US Dollars posted by you as margin will be held, along with similar funds of other CitiFX Pro counterparties, in one or more
deposit accounts at Citibank, N.A. in the United States that are eligible for Federal Deposit Insurance Corporation (FDIC) insurance
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coverage, subject to applicable limits from time to time. Other than as stated in the foregoing with respect to said deposit accounts,
neither your trading Account at CitiFX Pro nor the foreign currency transactions in such trading Account shall be covered by FDIC
insurance. Non-US Dollar amounts (EUR, GBP, JPY, HKD and SGD) are held outside the US and are not FDIC insured and may not
benefit from protection under the deposit protection schemes of the relevant jurisdictions.
Prices and Valuations are Set By Citi and May Be Different From Prices Reported Elsewhere. Citi will provide prices
to be used in trading and valuing your foreign currency contracts and transactions. Although Citi expects that these prices will
be reasonably related to prices available in the interbank market, prices reported by Citi may vary from prices available to other
participants in the interbank market. Citi is authorized to convert funds in your Account for Margin purposes into and from such
foreign currency at a rate of exchange determined by Citi, in its sole discretion. Please refer to the Explanation of Pricing on CitiFX
Pro.
One Click Trading. The electronic system that Citi is making available for your use for trading foreign currencies (CitiFX Pro)
provides for transmission of your order once you enter the notional amount and click Buy/Sell with no ability to then reconfirm or
alter the terms of your order. There is no second look before transmission, and market orders cannot be cancelled. This feature
may be different from other trading systems. By using CitiFX Pro, you agree to the one click system and accept the risk of this one
click transmission feature.
Electronic Trading. Trading in OTC foreign currency contracts through the CitiFX Pro system may differ from trading on other
electronic trading systems as well as from trading in a conventional or open market. Counterparties that trade on an electronic
trading system are exposed to risks associated with the system including but not limited to the failure of hardware and software
and system downtime, with respect to CitiFX Pro, an individual counterpartys system(s), and the communications infrastructure
(including, without limitation, the Internet), connecting CitiFX Pro with Citis counterparties. As a result of any system failure or other
interruption, orders either may not be executed according to your instructions or may not be executed at all, or you may not be able
to place or change orders or view your foreign currency contracts and transactions, trading positions or market data. Citi will not be
liable for any such failure of hardware or software, system downtime or communications interruption. Further, Citi does not warrant
that it (or any counterparty) will be able to maintain a continuous and uninterrupted link with the Internet and will have no liability
for any such failure. Some or all of the essential components of the CitiFX Pro system may be provided or supported by one or more
third parties under contract with Citi, and the operation of CitiFX Pro may be dependent on such third parties. You understand that
there are limits on Citis or such third parties liability to you as set out in the Foreign Currency Access and Trading Agreement and
you should familiarize yourself with such limits.
Citi as Principal. Citi acts as the counterparty to all foreign currency contracts executed through CitiFX Pro. Citi is not required to
continue to make markets in foreign currency and may refuse to accept any order for any or no reason, including but not limited to
the failure of a counterparty to have sufficient funds maintained with Citi to margin the position, market volatility and illiquidity in
the related interbank foreign currency market. In particular, during periods of market volatility, it may be difficult or impossible to
liquidate an existing position, to assess the value of open positions, to determine a fair price or to assess the exposure to risk. For
these reasons, transactions in foreign currency involve increased risks.
No Guarantee of Payment. Foreign currency trading with Citi is not conducted on a regulated market or exchange. There is no
clearing house and no guarantee by any other party of Citis payment obligations to you. You must look only to Citi for performance
on all foreign currency contracts in your Account and for return of any Margin. The insolvency of Citi or a default by Citi could cause
you to lose the value of your Account and to suffer additional losses from open foreign currency contracts and transactions.
Citi is not an Advisor or a Fiduciary. Citi, in its sole discretion, may make available market information and/or market color via
CitiFX Pro. Any such market information or market color does not constitute an offer to buy or sell, or the solicitation of an offer to
buy or sell, any foreign currency contracts, nor is it intended to be advice or a recommendation of any kind. Each decision by you to
enter into a foreign currency contract with Citi and each decision whether a foreign currency contract is appropriate or proper for you
is an independent decision by you. Citi is not acting as an adviser or serving as a fiduciary to you. You should obtain advice from your
tax, financial, legal, and other advisors and only make trading decisions on the basis of your own objectives, experiences, evaluation,
and resources. You agree that Citi has no fiduciary duty to you and no liability in connection therewith and is not responsible for
any liabilities, claims, losses, damages, costs and expenses, including attorneys fees, incurred in connection with your use of market
information or market color provided by Citi. If you receive research, market information, or any form of advice from Citi or any of
its affiliates through means other than CitiFX Pro, it should not form the basis of your trading decisions implemented on or through
CitiFX Pro.
Conflicts. You should assume that Citi may trade as a principal in foreign currencies and related financial instruments in various
markets. Citi and its employees who trade foreign currency may have access to information that is not available to you, may have
acquired trading positions at prices that are not available to you, and may have interests different from or adverse to your interests.
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In providing you with access to CitiFX Pro and entering into transactions with you, Citi and its employees do not undertake any
obligation to provide you with market or other information they may possess, or to alter or refrain from their own trading.
Account Managers. In the event that you grant trading authority or control over your Account to a third party (Account Manager),
whether on a discretionary or non discretionary basis, Citi will in no way be responsible for reviewing your choice of such Account
Manager or for making any recommendations with respect thereto. Citi makes no representations or warranties concerning any
Account Manager; Citi will not be responsible for any loss to you occasioned by the actions of the Account Manager; and Citi does not,
by implication or otherwise, endorse or approve of the operating methods of the Account Manager. If you give the Account Manager
authority to exercise any of your rights over your Account, you do so at your risk. Although you grant authority to Account Manager,
you should be diligent and closely scrutinize all account activity. Citi provides online Account access at www.citifxpro.com, whereby
you may view your Account Activity.
Quoting Errors. Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic
means (including responses to your requests), Citi is not liable for any resulting errors in your Account and reserves the right to
make necessary corrections or adjustments with respect to the Account involved. Any dispute arising from such quoting errors will
be resolved on the basis of the fair market value, as determined by Citi, in its sole discretion, of the relevant foreign currency at the
time such error occurred. In cases where the prevailing market represents prices different from the prices Citi has posted on our
screen, Citi will endeavor to execute trades on or close to the prevailing market prices, if available, or at prices that Citi deems to be
reasonable. These prices will be the prices that are ultimately reflected on the reports to you. This may or may not adversely affect
your realized and unrealized gains and losses.
Transferred Cash and Property. You should familiarize yourself with the protection accorded to any money or other property
which you transfer or deposit for domestic and foreign transactions, particularly in a firms insolvency or bankruptcy. The extent to
which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property
which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the
event of a shortfall.
Terms and Conditions.. It is important that you fully understand the terms and conditions of any transactions that you propose
to undertake (e.g. the circumstances under which you may become obligated to make or take delivery of the underlying interest of
a leveraged foreign exchange transaction), including the commissions, fees and other charges for which you will be liable. These
charges will affect your net profit (if any) or increase your liabilities. You should therefore familiarize yourself with any agreement
or confirmation that you may enter into with Citi. You must fully understand your rights and obligations under that agreement or
confirmation, carefully study the trading mechanism and understand the potential risks involved before you trade, and carefully
consider whether such trading is appropriate for you in light of your experience, objectives, financial resources and relevant
circumstances. You will be notified of the confirmation via CitiFX Pro and you are deemed to have received the confirmation at
the time it is made available on CitiFX Pro. You agree and acknowledge that the confirmation sets out the terms and conditions
of the transactions that would be binding on you. In particular, you should be aware that your contracts and transactions with Citi
shall not include the provision by Citi of financial advisory or fund management services. You should seek independent advice as to
whether CitiFX Pro or any foreign currency contract or transaction is suitable for you in view of your specific experience, investment
objectives, financial resources and situation, and particular needs.
This statement is a summary only of certain risks, and does not disclose all, the risks and other significant aspects of trading in
leveraged foreign exchange. In light of the risks of such activity, you should undertake such transactions only if you understand the
nature of the contracts (and contractual relationships) into which you are entering, the nature of the risks and the extent of your
exposure to the risks.
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Electronic Delivery Consent Agreement

AFFIRMATIVE CONSENT TO USE OF ELECTRONIC DELIVERY, NOTIFICATION, RECORDS,
SIGNATURES AND ACKNOWLEDGEMENTS
(i)
TO OPEN AN ACCOUNT WITH CITIFX PRO YOU MUST CONSENT TO RECEIVING OR ACCESSING NOTICES, RISK DISCLOSURES,
TRADE CONFIRMATIONS, REPORTS AND ANY INFORMATION RELATING TO YOUR ACCOUNT, YOUR TRANSACTIONS,
YOUR RELATIONSHIP WITH CITIFX PRO OR THE SERVICE PROVIDED BY CIITIFX PRO TO YOU (COLLECTIVELY AND
INDIVIDUALLY, ACCOUNT INFORMATION) ELECTRONICALLY. YOU MUST ALSO AGREE TO SIGNING, ACKNOWLEDGING
OR ACCEPTING AGREEMENTS, TERMS AND CONDITIONS OR DISCLOSURES ELECTRONICALLY AND WITHOUT A MANUAL
OR HANDWRITTEN SIGNATURE. YOU MUST HAVE THE ABILITY TO RECEIVE AND RETAIN OR ACCESS ELECTRONIC
COMMUNICATIONS BEFORE PROCEEDING WITH, ACKNOWLEDING, CONSENTING TO, ACCEPTING OR COMPLETING THE
CITIFX PRO ACCOUNT APPLICATION PACKAGE, INCLUDING, WITHOUT LIMITATION, THE CLIENT AGREEMENT AND THE
RISK DISCLOSURES.
(ii)
YOU AGREE AND ACKNOWLEDGE THAT CITIFX PRO CONTINUES TO RESERVE THE RIGHT TO PROVIDE ACCOUNT
INFORMATION TO YOU BY NON-ELECTRONIC MEANS.
(iii) YOU MAY WITHDRAW YOUR CONSENT TO HAVING ACCOUNT INFORMATION SENT OR MADE AVAILABLE TO YOU
ELECTRONICALLY BY SENDING A WRITTEN REQUEST TO: ROBINSON ROAD POST OFFICE, PO BOX 656, SINGAPORE
901306; ATTENTION: RELATIONSHIP MANAGER, OR BY EMAIL REQUEST TO CITIFXPRO.SG@CITI.COM. FOLLOWING SUCH
WITHDRAWAL OF CONSENT, YOU WILL BE RESPONSIBLE FOR ANY COSTS AND EXPENSE ASSOCIATED WITH PROVIDING
YOU WITH PAPER COPIES OF ACCOUNT INFORMNATION.
(iv) YOU MAY ALSO REQUEST (AT YOUR COST AND EXPENSE) A PAPER COPY OF ANY ACCOUNT INFORMATION PREVIOUSLY
SENT OR MADE AVAILABLE TO YOU ELECTRONICALLY.
(v) YOU SHOULD PROMPTLY COMMUNICATE TO US (BY SENDING A LETTER TO: ROBINSON ROAD POST OFFICE, PO BOX 656,
SINGAPORE 901306, ATTENTION: RELATIONSHIP MANAGER, OR BY EMAIL REQUEST TO CITIFXPRO.SG@CITI.COM) ANY
UPDATES TO YOUR CONTACT INFORMATION OR BROWSING CAPABILITIES THAT WE SHOULD BE AWARE OF IN ORDER
FOR YOU TO CONTINUE RECEIVING ACCOUNT INFORMATION ELECTRONICALLY.
(vi) REQUIRED EQUIPMENT. IN ORDER TO USE CITIFX PRO ONLINE SERVICE AND TO ACCESS, RECEIVE AND
RETAIN ACCOUNT INFORMATION IN ELECTRONIC FORM, YOU MUST HAVE A COMPUTER EQUIPPED WITH AT LEAST:
A BROWSER WITH 128- ENCRYPTION, WINDOWS VISTA WITH SP1 OR LATER, A PENTIUM 1.5GHZ PROCESSOR, 512MB OF
RAM, 200MB OF DISKSPACE AND A 256KBS OR FASTER INTERNET CONNECTION. FOR THE MOBILE PLATFORM YOU
MUST HAVE A RECENT SMARTPHONE WITH FULLY FUNCTIONAL BROWSER. YOU CAN OBTAIN ADDITIONAL DETAILS
OF SUCH REQUIRED BROWSING CAPACITY BY CALLING CITIFX PRO AT +65 31580363. YOU MUST ALSO HAVE EITHER
A PRINTER OR A DISK DRIVE OR OTHER STORAGE DEVICE. TO VIEW OR PRINT DOCUMENTS PROVIDED IN PDF FORMAT,
IF ADOBE ACROBAT IS NOT ALREADY INSTALLED ON YOUR COMPUTER, YOU WILL HAVE TO OBTAIN ADOBE READER,
WHICH IS AVAILABLE AT ADOBES WEBSITE (www.adobe.com), AND INSTALL IT ON YOUR COMPUTER. YOU ACKNOWLEGE
THAT THERE ARE CERTAIN COSTS ASSOCIATED WITH ELECTRONIC DELIVERY (E.G., ONLINE TIME AND PRINTING) AND
POSSIBLE RISKS (E.G., SLOW DOWNLOADING TIME, SYSTEM OUTAGES, PROBLEMS AND MALFUNCTIONING RESULTING
FROM COMPUTER VIRUSES). IN THE EVENT OF A CHANGE IN THE EQUIPMENT REQUIREMENTS, CITIFX PRO WILL NOTIFY
YOU OF THE REVISED REQUIREMENTS AND OF YOUR RIGHT TO WITHDRAW CONSENT TO HAVING ACCOUNT INFORMATION
SENT OR MADE AVAILABLE TO YOU ELECTRONICALLY.
(vii) NEITHER CITIBANK, N.A., ANY OTHER CITIGROUP AFFILIATE, ANY OTHER INFORMATION PROVIDER NOR ANY OTHER
SOFTWARE SUPPLIER MAKES ANY EXPRESS OR IMPLIED WARRANTIES CONCERNING CITIFX PRO ONLINE SOFTWARE
OR SERVICES OR BROWSER INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR
A PARTICULAR PURPOSE OR NON-INFRINGEMENT OF THIRD PARTY PROPRIETARY RIGHTS UNLESS DISCLAIMING SUCH
WARRANTIES IS PROHIBITED BY LAW. NEITHER CITIBANK, N.A., ANY OTHER CITIGROUP AFFILIATE IS RESPONSIBLE FOR
ANY COMPUTER VIRUSES, PROBLEMS OR MALFUNCTIONS RESULTING FROM ANY COMPUTER VIRUSES, OR RELATED
PROBLEMS THAT MAY BE ASSOCIATED WITH THE USE OF THE CITIFX PRO ONLINE SYSTEM.
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BY SIGNING BELOW, I HEREBY:

(A) AGREE AND CONFIRM THAT I HAVE READ AND UNDERSTAND THIS AGREEMENT AND AGREE TO BE BOUND BY ALL OF ITS
TERMS AND CONDITIONS;
(B) AGREE TO BE BOUND BY SECTION 19 (CONSENT TO ELECTRONIC TRANSMISSION OF CONFIRMATIONS, STATEMENTS,
REPORTS, REGULATORY NOTICES AND OTHER ACCOUNT INFORMATION) OF THE FOREIGN CURRENCY ACCESS AND
TRADING AGREEMENT (AS MAY FROM TIME TO TIME BE AMENDED, SUPPLEMENTED OR REPLACED) AND AGREE THAT, TO
THE EXTENT THAT THERE ARE ANY INCONSISTENCIES BETWEEN SECTION 19 AND THIS AGREEMENT, SECTION 19 SHALL
PREVAIL;
(C) CONSENT TO RECEIVE ACCOUNT INFORMATION ELECTRONICALLY;
(D) AGREE AND CONSENT TO THE VALIDITY AND BINDING NATURE OF ELECTRONIC DELIVERIES, NOTIFICATIONS, CONSENTS,
ACKNOWLEDGEMENTS AND SIGNATURES IN CONNECTION WITH MY RELATIONSHIP WITH CITIFX PRO; AND
(E) ACKNOWLEDGE THAT I MAY WITHDRAW MY CONSENT TO HAVING ACCOUNT INFORMATION SENT TO ME ELECTRONICALLY
BY SENDING A WRITTEN REQUEST TO CITIFX PRO. I AGREE THAT CITIFX PRO MAY, AT ITS DISCRETION, EITHER CEASE
ACCEPTING ORDERS OR TRANSACTING WITH ME UPON SUCH WITHDRAWAL OR CONTINUE TO DO SO PROVIDED THAT I
SHALL BE RESPONSIBLE FOR ANY COSTS INCURRED BY CITIFX PRO AS A RESULT OF ANY ACCOUNT INFORMATION SENT
TO ME OTHER THAN ELECTRONICALLY.
Title
Print Name
ID/Passport Number
Date
Signature
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Client Agreement
Country Annex - Asia
In relation to paragraph 5 (Trading Hours) of the Agreement, the Trading Hours for spot FX means (using a 24-hour format) all hours between
Monday at 05:00 Sydney time through Friday up to (and including) 17:00 eastern standard time (EST), save that if 1 January falls on a
weekday, then the period after 17:00 EST on 31 December of the preceding year up to (but excluding) 05:00 Sydney time on 2 January shall
not be deemed as Trading Hours. For spot metals, an official opening time of 06:00 Singapore time Monday morning and an official close
time of 17:00 eastern standard time (EST) Friday evening.
All hours are using a 24-hour format, subject to closing on non-business days and/or non-foreign business days. Please note that liquidity at
or around the open or close of Trading Hours may be limited and customers should manage their positions and orders accordingly. Citi
reserves the right to suspend or modify its trading hours at any time, with or without prior notice.
In relation to paragraph 20 (Communications) of the Agreement, the contact details of Citi are as follows:
Address:
CitiFX Pro
PO Box 656
Singapore 901306
E-mail:
Telephone no.:
Facsinile no.:
citifxpro.sg@citi.com
+65 3158 0363
+65 3158 0364
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Country Annex - Singapore
Address:
CitiFX Pro
PO Box 656
Singapore 901306
E-mail:
Telephone no.:
Facsinile no.:
+65 3158 0363
+65 3158 0364
Further, paragraphs 15, 18, 22 and 35 of the Agreement are supplemented by the following, which shall be read with, and form part
of, the Agreement:
15. Limitation on Liability

The following provisions are inserted immediately after the first paragraph of paragraph 15.
In the event that Counterparty elects to receive, view or access market commentary or research reports issued by Citi or Citis
Affiliates (the Research Materials), whether such Research Materials are made available via CitiFX Pro or via e-mail, Counterparty
fully understands that such Research Materials are distributed in Singapore by Citigroup Global Markets Singapore Pte. Ltd.
(CGMSPL) and that it should contact CGMSPL at the contact details set out in this Country Annex in respect of any matters arising
from, or in connection with, the Research Materials. Counterparty represents, warrants and fully understands and agrees that the
distribution of the Research Materials by CGMSPL should not be construed as: (i) any endorsement of any product referred to in the
Research Materials; (ii) a representation that CGMSPL has performed any due diligence on any product referred to in the Research
Materials; or (iii) a representation by CGMSPL that the information in the Research Materials is complete, accurate, clear, fair and not
misleading, as CGMSPL has not reviewed the Research Materials and does not make any representation with respect to the contents
of the Research Materials. The use or reliance on any information in the Research Materials is at Counterpartys own risk and any
losses which may be suffered as a result of Counterparty entering into any investment are for Counterpartys account and CGMSPL
shall not be liable for any losses arising therefrom or incurred by Counterparty in connection therewith. CGMSPL is not responsible
or liable for the accuracy or completeness of any information in the Research Materials, or the performance or outcome of any
investment made by Counterparty after receipt of such information provided by CGMSPL irrespective of whether such information
was provided at Counterpartys request.
Counterparty will conduct its own evaluation and consult with its own legal, business and tax advisors to determine the appropriateness
and consequences of any investment and Counterparty will make any investment pursuant to an independent evaluation and analysis
of the consequences of the same in reliance only upon its own judgment and not in reliance upon the Research Materials and/or
any views, representations (whether written or oral), advice, recommendation, opinion, report, analysis, materials, information or
other statement by CGMSPL or any of its agents, nominees, directors, officers or employees. CGMSPL does not hold out any of its
agents, nominees, directors, officers or employees as having any authority to advise Counterparty, and CGMSPL does not purport to
advise Counterparty on any investment. Counterparty will evaluate and accept all of the risks associated with an investment in any
investment. Accordingly, CGMSPL is entitled to rely on Counterpartys own independent evaluation and analysis as expressly stated
above.
Any investment will be made at Counterpartys sole risk and CGMSPL is not and shall not be, in any manner, liable or responsible for
the consequences of any investment.
CGMSPL has the ability to enforce its rights and enjoy the benefits and all defences and limitations under and in connection with
this Agreement pursuant to the Contracts (Rights of Third Parties) Act 1999. Consent of CGMSPL is not required for any variation,
rescission or termination of this Agreement.
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18. Statements and Confirmations
In addition to the contents set out in paragraph 18, where Counterparty is resident in Singapore, Citi will also send via e-mail on the
day following the day of execution of each trade a pdf or equivalent record of all confirmations sent via CitiFX Pro to Counterparty
on trade date which shall serve only as a record of the confirmations sent via CitiFX Pro. The e-mail pdf or equivalent record sent to
Counterparty will not affect the finality and binding nature of each confirmation sent via CitiFX Pro on trade date, which would be
deemed binding and final on trade date.
22. Counterpartys Representations and Warranties

In addition to the representations and warranties set out in paragraph 22, if Counterparty is in Singapore, as of the date hereof,
the date of each foreign currency contract and other transaction in Counterpartys Account and any date on which Risk Disclosure
Statement and Supplemental Risk Disclosure (attached hereto) or CitiFX Pro Terms of Use or CitiFX Pro Trading Conditions (each
available on the CitiFX Pro website) are revised, updated or amended, Counterparty represents and warrants to Citi and agrees for
the benefit of Citi that Counterparty is an accredited investor or expert investor or institutional investor, each as defined in the
Securities and Futures Act, Chapter 289 of Singapore (the SFA) save that the definition of expert investor in the SFA is, for the
purposes of CitiFx Pro, subject to the modifications in the next paragraph.
If Counterparty is an expert investor that is an individual, Counterparty further (i) represents and warrants to Citi that Counterparty
has experience in trading in financial markets, as part of Counterpartys business or employment; and (ii) acknowledges and agrees
that Counterparty cannot and will not enter into this Agreement if Counterpartys experience consists solely of trading in financial
markets in a proprietary or personal capacity. If Counterparty is an expert investor that is not an individual, Counterparty further
represents and warrants to Citi that Counterparty is (i) a company or association or body of persons, corporate or unincorporated,
whose business involves the acquisition and disposal or the holding, of capital markets products (as defined in the SFA), whether
as principal or agent; and (ii) wholly-owned by persons who themselves qualify as an accredited investor or expert investor or
institutional investor (each as defined in the paragraph above) in their own right.
35. Data Protection Notices

In addition to the contents set out in paragraph 35, subject to the Counterparty electing to receive Research Materials, Counterparty
consents to and authorises the use by Citi and its Affiliates of any of Counterpartys information for the purposes of the sending of
commercial electronic messages (including the Research Materials) to Counterparty. The provisions of this consent shall constitute
Counterpartys consent for the purpose of the provisions of any spam control laws (whether in Singapore or elsewhere).
35A. Personal Data Privacy Protection Act

For the purposes of the Personal Data Protection Act (Chapter 26) of Singapore (the Act), Counterparty acknowledges that it has
read and understood the Customer Circular relating to the Personal Data Protection Act (Circular), a copy of which is available at
http://www.citifxpro.com/sites/default/files/content/pdf/CAF-Asia/CitiFX_Pro_PDPA_Circular_for_Individual_and_Joint_Accounts.pdf
or upon request, which explains the personal data (as defined in the Act) which Citi Singapore may collect, how Citi Singapore will
protect such personal data, and the circumstances under which Citi Singapore may use or disclose such personal data. Counterparty
warrants that to the extent required by applicable law or regulation, it has provided notice to and obtained consent from relevant
natural persons to allow the Citi Singapore to process their personal data as described in the Circular, prior to disclosure of such
personal data to Citi Singapore. Counterparty further warrants that any such consent has been granted by these natural persons. The
parties acknowledge and agree that the above consent may not be required in certain situations as specified under the Act.
Page 52 of 55
Version 07-05-2014
CITIBANK N.A
CitiFX Pro
Client Agreement
Country Annex - Hong Kong
Counterparty acknowledges and is aware that Citi is licensed as a bank in Hong Kong by the Hong Kong Monetary Authority and is
registered with the Securities and Futures Commission with registration number AAP937. Citis registered office in Hong Kong is at
50/F Citibank Tower, Citibank Plaza, 3 Garden Road, Central, Hong Kong.
Address:
CitiFX Pro
Department 1218
50th Floor, Citibank Tower
Citibank Plaza
3 Garden Road
Central, Hong Kong
E-mail:
Telephone no.:
Facsinile no.:
hk-enquiries@citifxpro.com
+852 2501 2381
+852 3009 3614
Page 53 of 55
Version 07-05-2014
CITIBANK N.A
CitiFX Pro
Client Agreement
Country Annex - Indonesia
In relation to paragraph 20 (Communications) of the Agreement, the contact Details of Citi are as follows:
Address:
CitiFX Pro
PO Box 656
Singapore 901306
E-mail:
Telephone no.:
Facsinile no.:
+65 3158 0363
+65 3158 0364
Further, the Agreement is supplemented by the following paragraph 36A, which shall be read with, and form part of, the Agreement:
36A. Language
Counterparty acknowledges and agrees that:
(i)
the English language is and shall at all times and for all purposes be the prevailing language of and for:-.
(1) this Agreement, including all schedules and annexures to this Agreement, and any other terms, conditions and statements
(as each may from time to time be amended or supplemented) at any time applicable, whether pursuant to this Agreement or
otherwise, in any manner to CitiFX Pro, any Account, and any related foreign currency contracts, transactions, or positions, and
(2) any and all notices and Communications of any type from time to time with or to Counterparty, its Authorised Representatives,
Authorised Dealers and Account Managers in respect of (1) above.
(both (i)(1) and (ii)(2) above together, the CitiFX Pro Materials);
(ii)
paragraph 28 (Choice of Law) of this Agreement applies to this paragraph 36A and to any and all CitiFX Pro Materials; and
(iii) (1) in compliance with Law of the Republic of Indonesia No. 24 of 2009 regarding National Flag, Language, Emblem and
Song, the Counterparty shall translate and execute a Bahasa Indonesia version of this Agreement (as may be amended and
supplemented from time to time) within 30 days after being requested by Citi (from time to time);
(2) For the purposes of (iii)(1) above, the parties shall agree to the appointment of a third party translator within 3 calendar days
of Citis request, failing which Citi shall appoint the third party translator at its sole discretion. The Counterparty shall bear all
fees and costs arising from and incidental to the requirement set out in (iii)(1) above;
(3) the Bahasa Indonesia version of this Agreement, if executed, will be deemed to be effective from the date of execution of
the English language version of this Agreement; and (4) in the event of inconsistency between the Bahasa Indonesia version
of this Agreement and the English language version of this Agreement (as may be amended and supplemented from time to
time), the English language version of this Agreement (as may be amended and supplemented from time to time) shall prevail
and the relevant Bahasa Indonesia version of this Agreement shall be, and shall be deemed to be, amended to conform with the
relevant English language version of this Agreement (as may be amended and supplemented from time to time) to make the
relevant Bahasa Indonesia version of this Agreement consistent with the relevant English language version of this Agreement
(as may be amended and supplemented from time to time).
Furthermore, Counterparty represents and warrants that Counterparty and its Authorised Representatives, Authorised Dealers and
Account Managers are and shall at all times be fluent in their understanding of written English and do not need to be provided with
any native language translation of the CitiFX Pro Materials in order to understand, assess or make any decision in respect of CitiFX
Pro, any Account, any foreign currency contacts, transaction, or position or any related matters or risks.
Page 54 of 55
Version 07-05-2014
CitiFX Pro
CITIBANK N.A
CitiFX Standard Settlement Instructions

At Citi we take the security of your funds very seriously. We have strict procedures in place to restrict any fraudulent activity with
your accounts. We therefore ask you to complete the below information so that we can ensure that your withdrawal requests will be
processed as efficiently as possible.
Account Information
*CitiFX Account holder name:
(Legal Entity Name)
* Base currency of CitiFX Pro account: USD
EUR
GBP
JPY
CHF
SGD
HKD
Pay To
* Your bank or financial institution name:
*SWIFT ID (BIC):
Clearing Code:
(Sort Code, BLZ, ABAetc)
*Account holder name:

*Account # with the bank:
(or IBAN where applicable)
Intermediary Bank Details
(if your bank receives a certain currency via another financial institution)
*Authorized Signatory
Collateral Account number (Citi to complete)
Page 55 of 55

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Risk Disclosure Statement

Risk Disclosure Statement

Please refer to http://www.occ.gov/news-issuances/federal-register/76fr41375.pdf or the website of the Office of the Comptroller

Quarterly Profitability Results

Total Non-Discretionary Accounts

Citibank, N.A. New York

**Past performance is not necessarily indicative of future results**

An Explanation of Pricing on CitiFX Pro

An Explanation of Pricing on CitiFX Pro

An Explanation of Pricing on CitiFX Pro

Individual Account Application

2 Approval and Activation

Individual Account Application

Individual Account Application

Additional documentation required

Current Income statement, Bank Statement or Letter of Employment

Business Card or Letter of Employment

Others (please specify):

DECLARATION OF IDENTITY OF BENEFICIAL OWNER 1.

Individual Account Application

* Family name / Surename:

* Tax ID Country of Issuance:

* Tax ID Date of Issuance:

* Tax ID Expiration Date (if applicable):

* Senior Public Figure1:

* Permanent ID card number / passport number:

If yes, please provide your US social security number _______________________________________________________________________

* Secondary phone number:

Home fax number:

* Business phone number:

* Celllular phone number:

* Zip / Postal code:

* How long have you lived at this address?

Legal / Resgistered Address (if not same as Main Address)

Zip / Postal code:

Individual Account Application

(if not same as Main Address)

Zip / Postal code:

(if at current address less that 3 years)

Zip / Postal code:

(required if currently employed)

Name of current employer:

Years with current employer:

Zip / Postal code:

Business telephone number:

Business fax number:

Previous Employment Details

(required if with current employer less than 3 years or retired)

Name of current employer:

Years with current employer:

Zip / Postal code:

Business telephone number:

Business fax number:

Individual Account Application

* Do you have an account with any company within Citi?

If yes, please provide details:

Relationship with Retail Forex Counterparties

* What is your estimated net worth (assets minus liabilities)?

accounts, vehicles, real estate property, other assets and receivables,

turned into cash without a major loss in value (liquid stocks,

bonds, cash accounts, etc.)

Individual Account Application

Past performance is not necessarily indicative of future results