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                                   Jarvis & Mackenzie
                                            Mackenzie                                              Strategic Investment Solutions
                                                                                                    Strategic Investment Solutions


                                          Account Terms & Conditions

Account Status
Jarvis & Mackenzie agrees to accept and maintain for the undersigned customer one or more accounts and act as
broker or dealer for customer in the execution and clearance of orders for transactions involving the purchase
and sale of commodity future contracts, options on future contracts, commodities and forward contracts, spot and
foreign exchange transactions, exchange for physicals (“EFPs”) and other cash transactions.

Customer hereby represents that all responses made in connection with the Account Application and Account
Agreement are complete and correct, and that Jarvis & Mackenzie will be informed of any material change in such
data, including financial information.

Customer warrants to Jarvis & Mackenzie that if Customer is an individual or if this is a joint account, Customer(s)
is of legal age and sound of mind. Unless otherwise indicated in the Customer Application, no one except the
Customer(s) identified in the Account Application has an interest in the account(s).

Customer agrees to permit verification of relevant information by Jarvis & Mackenzie through third parties
(including credit reporting entities). In any event, this Customer Agreement and the account(s) permitted
hereunder become effective only upon acceptance by an authorized representative of Jarvis & Mackenzie.


Commission, Fees and Other Costs
Customer agrees to pay all commissions, fees and other charges due to Jarvis & Mackenzie. Please refer to Terms
& Conditions for full disclosure of all commission charges and fees.


Reports and Notices
Should any inaccuracy or discrepancy appear on Customers statement of account(s), Customer agrees that it is
the Customers duty to report such discrepancy to Jarvis & Mackenzie. In the event that such discrepancy is not
reported by Customer it shall be deemed ratified and relieve Jarvis & Mackenzie of any responsibility whatsoever
related to the inaccuracy.



Exchange Rules
All transactions handled by Jarvis & Mackenzie on the Customers behalf shall be subject to the constitution,
regulations, customs and interpretation of each exchange or market (and it’s clearing house, if any), on which the
trades are executed, and to all applicable international governmental regulations. Jarvis & Mackenzie shall not be
liable to Customers as a result of any action taken by Jarvis & Mackenzie to comply with such rules.




      London Office                     Singapore Office                  Seattle Office                  Cyprus Branch
      Docklands Business Centre,        50 Raffles Place #07-04C          Melbourne Tower #307            Xenios Business Centre – Office 503
      16 Tiller Road                    Singapore Land Tower              1511 Third Avenue,              Arch. Macarios III Ave
      Canary Wharf                      Singapore 048623                  Seattle, WA 98101               Nicosia 1076
      London E14 8PX
      Tel: +44 20 7060 0431             Tel: + 65 6311 5074               Tel: +1 (206) 309 0133          Tel: +357 22 596936
      Fax: +44 20 7060 0435             Fax: + 65 6347 6174               Fax: +1 (206) 309 0133          Fax; =357 22 596364


   Email: uk_info@jarvisandmasckenzie.com, sing_info@jarvisandmackenzie.com, us_info@jarvisandmackenzie.com, cyp_info@jarvisandmackenzie.com
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                                   Jarvis & Mackenzie
                                   Jarvis & Mackenzie                                               Strategic Investment Solutions
                                                                                                  Strategic Investment Solutions




Amendments and Guarantees
This agreement, reflects the entire agreement between Jarvis & Mackenzie and Customer and supersedes all
prior oral and written agreements between the parties relating to the subject matter hereof and no provisions
hereof shall in any respect be waived, augmented or modified by any other party unless in writing and signed by
an official so authorized by Jarvis & Mackenzie.


Reports and Notices
Jarvis & Mackenzie requires that all customers have an original Managed Account Agreement on file with the
Accounts Department. However, at the sole discretion of Jarvis & Mackenzie, documents signed and transmitted
by facsimile or via email may be accepted as original documents. The signature of any person or entity thereon, is
to be considered as an original signature, and the document transmitted is considered to have the same binding
effect as an original document.
At the request of Jarvis & Mackenzie, any facsimile or telecopy document must be re-executed in original form by
the person or entities that executed the original document transmission. No party hereto may raise the use of such
documentation as a defence to allow amendment to agreement.

Commission and Other Charges
Before you begin to trade, you should obtain a clear explanation of all commission fees and other charges, for
which you will be liable. These charges will affect your net profit position.

 Amount Deposited After Exercising
                                                      $<25,000             $25 - 50,000            $50 - 100,000         $100,000+
 Contracts

 Commission Fee                                       3%                   2%                      1.5%                  1%

 Trade Fee Per Contract                               $25                  $20                     $15                   $12.50


Termination
Jarvis & Mackenzie or the Customer may terminate this Agreement immediately, upon written notice to the other
party. In the event of such termination, Customer shall immediately liquidate positions held in customer’s
account(s), or transfer such positions to another IB. Notwithstanding termination, Customer shall satisfy all
liabilities due to Jarvis & Mackenzie including any related costs relating to transfer of funds or positions to another
IB.
Severability

If any provision of this Agreement shall be prohibited by, or invalidated under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity without invalidating the remaining provisions of this
Agreement.

      London Office                    Singapore Office                  Seattle Office                   Cyprus Branch
      Docklands Business Centre,       50 Raffles Place #07-04C          Melbourne Tower #307             Xenios Business Centre – Office 503
      16 Tiller Road                   Singapore Land Tower              1511 Third Avenue,               Arch. Macarios III Ave
      Canary Wharf                     Singapore 048623                  Seattle, WA 98101                Nicosia 1076
      London E14 8PX
      Tel: +44 20 7060 0431            Tel: + 65 6311 5074               Tel: +1 (206) 309 0133           Tel: +357 22 596936
      Fax: +44 20 7060 0435            Fax: + 65 6347 6174               Fax: +1 (206) 309 0133           Fax; =357 22 596364

   Email: uk_info@jarvisandmasckenzie.com, sing_info@jarvisandmackenzie.com, us_info@jarvisandmackenzie.com, cyp_info@jarvisandmackenzie.com
                                                                                                                                    Page 3 of 4




                                   Jarvis & Mackenzie
                                   Jarvis & Mackenzie                                             Strategic Investment Solutions
                                                                                                   Strategic Investment Solutions




Privacy Policy
Jarvis & Mackenzie believe in respecting the privacy and security of all your personal information. We do not
disclose any non-public information about any of our current or former clients, except as required by law. We
restrict access to non-public information about all clients to those who need to know that information to enable
them to provide service to your account(s). We maintain physical, electronic and procedural safeguards that are
designed to protect your non-public information.



Trading Terms & Conditions
Jarvis & Mackenzie will hereby be authorized as broker to buy, sell & trade in commodity futures contracts,
options on commodity future contracts, physical commodities, forward contracts and contracts in unregulated
foreign exchange markets within the terms and conditions for the undersigned.

Jarvis & Mackenzie are authorized to act on the undersigned’s behalf in all such purchase, sales and the
undersigned hereby ratifies and confirms any and all transactions made by Jarvis & Mackenzie for the
undersigned account.

The undersigned agrees that Jarvis & Mackenzie has provided the discloser document to the undersigned
concerning the agent’s trading advice, including any option trading advice and strategies to be used by the agent,
which the undersigned has read and understood.

The Managed Account shall remain in force until revoked by written notice addressed to Jarvis & Mackenzie. Such
notice shall not affect any liability incurred prior to receipt of termination of Managed Account.

The Managed Account is strictly limited to the management and execution of undersigned account held with Jarvis
& Mackenzie. Jarvis & Mackenzie shall to the best of its abilities execute all activity upon aforementioned account
with the prior consent of the undersigned.


Terms and Conditions of Contract
You should be aware of the terms and conditions of the specific options contract you are trading and associated
obligations (e.g., the circumstances under which you may become obligated to make or take delivery of the
underlying interest of a futures contract). Under certain circumstances the specifications of outstanding contracts
(including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in
the underlying interest.




      London Office                    Singapore Office                  Seattle Office                   Cyprus Branch
      Docklands Business Centre,       50 Raffles Place #07-04C          Melbourne Tower #307             Xenios Business Centre – Office 503
      16 Tiller Road                   Singapore Land Tower              1511 Third Avenue,               Arch. Macarios III Ave
      Canary Wharf                     Singapore 048623                  Seattle, WA 98101                Nicosia 1076
      London E14 8PX
      Tel: +44 20 7060 0431            Tel: + 65 6311 5074               Tel: +1 (206) 309 0133           Tel: +357 22 596936
      Fax: +44 20 7060 0435            Fax: + 65 6347 6174               Fax: +1 (206) 309 0133           Fax; =357 22 596364

  Email: uk_info@jarvisandmasckenzie.com, sing_info@jarvisandmackenzie.com, us_info@jarvisandmackenzie.com, cyp_info@jarvisandmackenzie.com
                                                                                                                                   Page 4 of 4




                                            Mackenzie
                                   Jarvis & Mackenzie                                              Strategic Investment Solutions
                                                                                                  Strategic Investment Solutions




Suspension or Restriction of Trading and Pricing Relationships
Market conditions (e.g., lack of liquidity) and/or the operation of the rules of certain markets (e.g., the suspension
of trading in any contract or contract month because of price limits or ‘circuit breakers’) may increase the risk of
loss by making it difficult or impossible to effect transactions or liquidate/offset positions. Further, normal pricing
relationships between the underlying interest and the future, and the underlying interest and the option may not
exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while
the option is not. The absence of an underlying reference price may make it difficult to judge “fair” value.


Currency Risks
The profit and loss in transactions in foreign currency denominated contracts (whether they are traded in your
own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from
the currency denominated of the contract to another currency.

Disclosure Statement
Futures and options trading can involve substantial risk of loss and is therefore not suitable for all investors.
Clients may lose more than their initial investment with future trades and all their initial investment with option
trades. Past performance is not always indicative of future results.




      London Office                    Singapore Office                  Seattle Office                   Cyprus Branch
      Docklands Business Centre,       50 Raffles Place #07-04C          Melbourne Tower #307             Xenios Business Centre – Office 503
      16 Tiller Road                   Singapore Land Tower              1511 Third Avenue,               Arch. Macarios III Ave
      Canary Wharf                     Singapore 048623                  Seattle, WA 98101                Nicosia 1076
      London E14 8PX
      Tel: +44 20 7060 0431            Tel: + 65 6311 5074               Tel: +1 (206) 309 0133           Tel: +357 22 596936
      Fax: +44 20 7060 0435            Fax: + 65 6347 6174               Fax: +1 (206) 309 0133           Fax; =357 22 596364

    Email: uk_info@jarvisandmasckenzie.com, sing_info@jarvisandmackenzie.com, us_info@jarvisandmackenzie.com, cyp_info@jarvisandmackenzie.com

				
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