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Terms & Conditions

Effective from 01.07.2021 until Further Notice

CUSTOMER AGREEMENT

This is a legal contract between UniPro Bank, a registered financial services company in the United Kingdom and is fully licensed by Financial Services Commission, herein after known as (“Unipro Bank”, “us” or “we”) its successors and assigns, and the party/parties (the “Customer”, “client” or “you”) executing this document. This document, together with our Risk Disclosure Statement, and Privacy Statement, represents the terms with which Unipro Bank will do business with Customer. This document sets out the respective rights and obligations of both parties in connection with this service and both parties will accept and be bound by these terms on acceptance of the terms contained herein and on completion of the application form by Customer.

In connection with opening an account with Unipro Bank to speculate in, and/or purchase, and/or sell, Forex, Contracts for Differences (hereinafter referred to as “CFDs”), Options (hereinafter referred to as “Options”) and Spread Betting, in commodities, metals, currencies and indices, and the receipt of such other services and products as Unipro Bank may, in its sole discretion, determine to offer from time to time in the future, Customer acknowledges that it has been advised and understands the following factors concerning trading in the over the counter market (“OTC”) and/or Spread Betting market, in addition to those contained in the Risk Disclosure Statement which has been provided to Customer. We trade contracts for differences (“CFD”) transactions in OTC.

In consideration of Unipro Bank agreeing to provide services to “Customer”, “client” or “you” in connection with the purchase of Forex, CFDs, Options and Spread Betting in commodities, currencies, metals and indices and the receipt of such other services and products as Unipro Bank may, in its sole discretion, determine to offer from time to time in the future and which may be purchased or sold by or through Unipro Bank for Customer’s accounts(s), Customer agrees that the following rights and obligations will govern the relationship between Unipro Bank and Customer.

IMPORTANT NOTICES
OTC trading means that trading does not take place on a regulated exchange. There are no guarantees as to the credit worthiness of the counter party of your Forex, CFDs, Options and Spread Betting position. Also, there may be certain cases in which trading liquidity decreases, causing Forex, CFDs, Options and Spread Betting in commodities, currencies, metals and indices to cease, thereby preventing the liquidation of an adverse position which may result in a substantial financial loss.
Unipro Bank does not provide investment advice. The market recommendations, signals, information provided by and/or distributed by Unipro Bank are general in nature and based solely on the judgment of Unipro Bank’s personnel or from third party information providers. These market recommendations may or

may not be consistent with the market position or intentions of Unipro Bank, its marketing partners, and/or employees. The market recommendations and information provided by Unipro Bank are based upon information believed to be reliable, but Unipro Bank cannot and does not guarantee the accuracy or completeness thereof or represent that following such recommendations will eliminate the risk inherent in trading Forex, CFDs, Options and Spread Betting. Any market recommendations of, or information provided by, Unipro Bank does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any OTC transaction. Customer understands and hereby agrees that Customer is capable of, and solely responsible for, assessing the merits and risks of any trade it may enter into with Unipro Bank.

Customer understands that Unipro Bank does not permit its Customer representatives to either exercise discretion or manage an OTC account. If Customer’s account is not being traded with Customer’s authorisation, Customer must notify Unipro Bank immediately.

Unipro Bank’s margin policies and/or the policies of those banks/clearing houses through which trades are executed may require that additional funds be provided to properly margin Customer’s account and Customer is obligated to immediately meet such margin requirements. Failure to meet margin calls may result in the liquidation of any open positions with a resultant loss. Unipro Bank reserves the right to refuse to accept any order.

Customer understands that it must carefully review the reports relating to Customer’s trading posted online by Unipro Bank. All reports of execution and statements of accounts will be deemed final unless customer objects within two business days of being posted. Objections may be made initially by email or by telephone, but must be confirmed thereafter in writing.

Customer understands that Unipro Bank may establish rules and provisions for client accounts, including but not limited to minimum account size, investment time period, commissions and fees, leverage size per instrument, mark ups, rules relating to stop losses and limits, rules relating to rollovers, rules relating to margin calls, or any other financial arrangement, and that such rules and provisions may be changed by Unipro Bank from time to time.

Customer has read and understands the Customer’s obligations and rights under this Customer Agreement and agrees and acknowledges that this Customer Agreement, the Risk Disclosure Statement and the Privacy Statement will comprise the terms of the Customer’s relationship with Unipro Bank. The Customer agrees that Customer is fully responsible for making all decisions as to transactions effected for Customer’s account. Customer has considered the foregoing factors and in view of Customer’s present and anticipated financial resources, Customer is willing and able to assume the substantial financial risks of OTC trading.

IT IS THE CUSTOMER’S RESPONSIBILITY TO FIND OUT ALL NECESSARY INFORMATION ABOUT TRADING IN FOREX, CFDs, OPTIONS AND SREAD BETTING AND UNIPRO BANK TERMS AND CONDITIONS AND MAKE SURE THAT ALL RISKS AND ARRANGEMENTS ARE DISCUSSED AND CLEARLY UNDERSTOOD PRIOR TO ANY TRADING ACTIVITY.

1. TERMS AND HEADINGS
1.1 “Unipro Bank” shall, where the context so permits or requires, be deemed to mean UniProBank its subsidiaries and marketing partners and their successors and assigns;

1.2 “Customer” shall mean the party (or parties) who have agreed to be bound by the terms of this Agreement;

1.3 “Agreement” shall include this agreement and all other agreements and authorizations executed by Customer in connection with the maintenance of Customer’s account with Unipro Bank.

The paragraph headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.

2. INFORMATION ABOUT UNIPRO BANK
2.1 Unipro Bank, trading as “Unipro Bank”, is a member of the UniPro Group. The UniPro Group consists of:
• UniPro Marketplace
• UniPro

3. CATEGORISATION
3.1 It is our policy to treat all of our clients as retail clients irrespective of the existence of any categorisations in the client’s country of residence.

4. COMMUNICATION

4.1 The principal method of communication between Unipro Bank and Customer will be electronically via Unipro Bank’s website and on-line trading platforms.

4.2 Information regarding orders placed and executed will be addressed personally to Customer through a customer specific account.

4.3 However, certain information will be provided generally on our website, such as general market recommendations and Customer hereby consents to receiving information not addressed personally to customer in that form.

4.4 Customer may also place orders via the phone with our dealing room. In the course of our dealings with you, you may place orders with us via our on-line trading platform in the languages which are posted on our website, which is updated with additional languages from time to time.

4.5 Where orders are placed by phone via the dealing room you may communicate with us in any one of the languages which are listed on the website.

4.6 All written communications from us to you will be in the language used to register your account via our website.

5. AUTHORISATION TO TRADE
5.1 Unipro Bank is authorised to enter into Forex, CFDs, Options and Spread Betting contracts on an over-the-counter basis with Customer in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto.

5.2 On completion of the application form by Customer, Unipro Bank will issue Customer with a secure password which is to be used with the chosen user-name of the Customer.

5.3 Unipro Bank’s security systems are designed to ensure that any information provided to and from Customer is securely transmitted. Customer is obligated to keep passwords secret and is solely responsible for ensuring that third parties do not obtain access to the password or Unipro Bank’s trading facilities.

5.4 Customer agrees to be exclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction to Unipro Bank from persons Unipro Bank in its sole judgment, believes are apparently authorized by Customer.

5.5 If Customer’s account is titled as a joint account, Unipro Bank is authorised to act on the instructions of any one owner, without further inquiry, with regard to trading on the account and the disposition of any and all assets in the account.

5.6 Unipro Bank shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or omitted to be taken by Unipro Bank in reliance on any such instructions or on the apparent authority of any such persons.

5.7 Unipro Bank has the authority to require joint action by the owners of the account in respect of the account. Unipro Bank may send all correspondences and documents in respect of the account to any one owner of a joint account.

5.8 Unipro Bank has possession over the security of the account whether individual or joint.

5.9 If a death occurs to one or more of the owners of a joint account, Unipro Bank shall be notified in writing and shown proof of a death certificate. All expenses due at the date of notification shall be charged to the account.

5.10 Up to the time valid written notification is provided to Unipro Bank, each owner of a joint account is presumed to have an equal share in the joint account.

6. APPROPRIATENESS OF TRADING
6.1 Although Unipro Bank issues general market recommendations, these should not be construed as personal recommendations or advice to trade with Unipro Bank. As such we are under no obligation to assess the suitability or otherwise of the Customer trading Forex, CFDs, Options and Spread Betting with Unipro Bank. All trades entered into by Customer represent an independent decision by the Customer to trade with Unipro Bank.

7. GOVERNMENTAL COUNTER PARTY INSTITUTION AND INTERBANKING SYSTEM RULES
7.1 All transactions under this Agreement shall be made in accordance with usage, rulings and interpretations of the counter party institution or other interbank market (and its clearing organization, if any) and with all applicable laws and regulations.

7.2 If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or a contract market or clearing organization which shall be binding upon Unipro Bank and shall affect in any manner or be inconsistent with any of the provisions hereof, the affected provisions of this Agreement shall be deemed modified or superseded, as the case may be, by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and provisions so modified shall in all respects continue in full force and effect.

7.3 Customer acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements and Customer shall not thereby be given any independent legal or contractual rights with respect to such requirements.

8. MARGINS AND DEPOSIT REQUIREMENTS
8.1 Customer shall provide to and maintain with Unipro Bank margin in such amounts and in such forms as Unipro Bank, in its sole discretion, may require.

8.2 Such margin requirements may be greater or less than margins required by those banks or brokers with which trades are executed.

8.3 Unipro Bank may change margin requirements at any time.

8.4 Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to Unipro Bank, such additional margin when and as required by Unipro Bank and will promptly meet all margin calls in such mode of transmission as Unipro Bank in its sole discretion designates.

8.5 Unipro Bank may at any time proceed to liquidate Customer’s account and any failure by Unipro Bank to enforce its rights hereunder shall not be deemed a waiver by Unipro Bank to enforce its rights thereafter.

8.6 Unipro Bank retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at Unipro Bank, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion.

8.7 Orders must be placed allowing sufficient time to execute and to calculate margin requirements.

8.8 Profits deriving from a transaction shall be added to Customer’s account as additional margin, as long as the transaction is open, and upon the closing of the transaction, as an addition to the available balance for withdrawal.

8.9 Losses deriving from a transaction shall be deducted from Customer’s account.

9. BONUSES
9.1 Unipro Bank may elect to grant a benefit to Customer by depositing bonus amounts in Customer’s trading account, subject to certain terms and conditions as shall be determined by Unipro Bank, at its sole discretion. Such bonus amounts may not be withdrawn by Customer, unless Customer complies with the applicable trading requirements posted on Unipro Bank’s website as may be amended from time to time or as communicated to Customer.

9.2 If Unipro Bank suspects or has reason to believe that Customer has attempted fraudulent activity in order to claim a bonus, or any other promotion, Unipro Bank reserves the right to:

(i) Cancel or reject the bonus promotion, and any related Trading Agent bonus, at its sole discretion

(ii) To terminate Customer’s access to services provided by Unipro Bank and/or terminate the contract between Unipro Bank and the Customer for the provision of services,

(iii) To block Customer’s Account(s) and to arrange for the transfer of any unused balance to Customer.

9.3 If Unipro Bank suspects or has reason to believe that Customer has abused the terms and conditions of a bonus offer by hedging positions internally (using other trading accounts held with Unipro Bank) or externally (using other trading accounts held with other brokers), Unipro Bank reserves the right to cancel bonuses, and any trades or profits associated with Customer’s account(s).

9.4 Bonus promotions may be restricted in certain jurisdictions.

9.5 Unipro Bank reserves the right to cancel or reject bonus promotions at its sole discretion.

10. OPTIONS
10.1 Options are contracts that give the buyer the right, but not the obligation, to buy (in the case of a Call Option) or to sell (in the case of a Put Option) a specified FX/CFD at a specified price (the “Strike”) at a specified time and date (the “Expiration”), from or to the seller of the option. These are commonly known as European style vanilla options.

10.2 The proceeds of the purchase or sale of an Option (the “Cost”, or “Premium”) will be immediately debited or credited to the cash balance of the account. At Expiration, Options that are in the money will be automatically closed out at intrinsic value, that is, in the case of Call Options, the amount by which the closing price of the specified FX/CFD exceeds the strike price, and in the case of Put Options, the amount by which the Strike exceeds the closing price of the specified FX/CFD. For long Call and short Put positions, the closing price will be the prevailing bid price of the underlying FX/CFD at Expiration; and for short Call and long Put positions, the closing price will be the prevailing ask (offer) price of the underlying FX/CFD, as determined by Ava in its sole discretion. Options that are not in the money will expire worthless.

10.3 The Customer acknowledges, recognizes and accepts that Unipro Bank quotes variable spreads on Options. The Client is specifically made aware that variable option spreads are affected by actual market conditions, which are beyond Unipro Bank’s control. Unipro Bank does not guarantee any maximum or minimum quotable option spreads. There may be times when Options quotes are not available in some underlying FX/CFDs.

10.4 We allow you to perform various transactions, including in respect of options based on various indices that shall be defined by us from time to time (for example, index rates and stock and

option rates), and to receive financial information and various other services as we shall determine in our sole discretion. Prior to effecting any transaction, we advise you to read the explanations that may be found on the website regarding each type of transaction. The rules of trade are set exclusively by AVA.

10.5 We will make available, by posting on www.avafx.com / www.Unipro Bank.com, the current price applicable to a share or index, and offer you the opportunity to submit a put or call position in respect of such share. Each position shall be for a specified expiry time. We expect that the current prices will be reasonably related to the actual prices of such shares available in the market. We make no warranty, express or implied, that the quoted prices represent prevailing quoted prices.

11. CUSTOMER ASSETS
11.1 Interest is not payable by Unipro Bank on client funds deposited by Customer.

11.2 All funds, securities, currencies, and other property of Customer which Unipro Bank or its marketing partners may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by Unipro Bank as security and subject to a general lien and right of set-off for liabilities of Customer to Unipro Bank whether or not Unipro Bank has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with Unipro Bank.

11.3 Unipro Bank may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.

11.4 Customer hereby also grants to Unipro Bank the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by Unipro Bank as margin or security.

11.5 Unipro Bank shall at no time be required to deliver to Customer the identical property delivered to or purchased by Unipro Bank for any account of Customer.

11.6 This authorization shall apply to all accounts carried by Unipro Bank for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by Unipro Bank from its home office.

11.7 Any failure by Unipro Bank to enforce its rights hereunder shall not be deemed a future waiver of such rights by Unipro Bank.

11.8 Unipro Bank is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions

on behalf of Customer, including the execution, delivery and filing of financing statements, that Unipro Bank deems necessary or desirable to evidence or to protect Unipro Bank’s interest with respect to any collateral.

11.9 In the event that the collateral deemed acceptable to Unipro Bank is at any time insufficient to satisfy Customer’s indebtedness or other obligations to Unipro Bank, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.

11.10 Default of Credit Institution and Monitoring:

12.10.1 In the event of default of one of our appointed credit institutions, Unipro Bank does not accept responsibility and is not subject to any liability arising from losses to clients arising from such a default.

12.10.2 However, we conduct appropriate and continuing risk assessment of our appointed credit institutions in order to ensure that our appointed credit institutions are safe repositories.

12.10.3 We will supply the details of our appointed credit institutions on request to retail clients, including the names of those institutions and the client account details.

12.10.4 Where Customer does not wish Unipro Bank to deposit funds with a particular credit institution we will return such funds to Customer as soon as possible.

11.11 Pursuant to section 11.4 Customers trading on the AVA Direct platform agree to the transfer of full ownership of funds to Unipro Bank for the purpose of securing or otherwise covering a required margin and as such the required margin will no longer be treated as belonging to the Customer. Unipro Bank will deposit the required margin as collateral with its liquidity provider(s). These funds will not be registered in the customer’s name. Funds deposited by the Customer in excess of the required margin will be treated as client funds in accordance with the Client Asset.

12. CONFLICTS OF INTEREST
12.1 Unipro Bank is required to maintain and operate effective organisational and administrative controls to take all reasonable steps to identify, manage, disclose and record conflicts of interest. In order to achieve this Unipro Bank has established and implemented a Conflicts of Interest policy.

12.2 Where arrangements made by Unipro Bank to manage conflicts of interest are insufficient to ensure, with reasonable confidence, that risks of damage to client interests will be prevented, Unipro Bank shall clearly disclose to the client the general nature and the sources of the conflicts of interest before undertaking business on the client’s behalf.

13. COMPLAINTS
13.1 In the event that you have any query and/or concern and/or issue and/or problem and/or reason to feel dissatisfied with any aspect of our service, in the first instance you should contact our customer services team, as the vast majority of issues can be dealt with at this level, via: customercare@uniprobank.com

13.2 If our customer services team is unable to resolve the matter or you feel that our service has not met your expectations and you wish to raise this issue as a formal complaint, you must complete a Complaint Form.
13.3 We will provide you with a regular written update on the progress of the investigation of the complaint at intervals of not greater than 20 business days;

13.4 We will attempt to investigate and resolve the complaint within 40 business days of having received the complaint;

13.5 Where the 40 business days have elapsed and the complaint is not resolved, we will inform you of the anticipated timeframe within which we hope to resolve the complaint.

13.6 Once an investigation of the complaint is completed, a Final Response shall be issued to the Client with the investigation’s outcome(s) together with any required explanations and any remedy measures the Company intends to take.

13.7 A Complaint will be deemed as resolved or settled where the Company has sent in writing a Final Response to the Client.

13.8 If you do not feel that your complaint has been resolved satisfactorily and remain dissatisfied, we advise that you seek independent legal advice.

14. LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES
14.1 In the event of (a) the death or judicial declaration of incompetence of Customer; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer; (c) the filing of an attachment against any of Customer’s accounts carried by Unipro Bank, (d) insufficient margin, or Unipro Bank’s determination that any collateral deposited to protect one or more accounts of Customer is

inadequate, regardless of current market quotations, to secure the account; (e) Customer’s failure to provide us with any information requested pursuant to this agreement or any applicable law; or (f) any abuse of trading practices, manipulations and/or fraud by Customer or any other person authorized to use the account; or (g) any other circumstances or developments that we deem appropriate for its protection, and in Unipro Bank’s sole discretion, it may take one or more, or any portion of, the following actions:

(i) Satisfy any obligation Customer may have to us, either directly or by way of guaranty of suretyship, out of any of Customer’s funds or property in Unipro Bank’s custody or control;

(ii) Sell any or purchase any or all Currency contracts, securities held or carried for Customer; and

(iii) Cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Customer.

14.2 Any of the above actions may be taken without demand for margin or additional margin, without prior notice of sale or purchase or other notice to Customer, Customer’s personal representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest shall be solely Customer’s or held jointly with others.

14.3 Prior demand or notice of sale or purchase shall not be considered a waiver of Unipro Bank’s right to sell or buy at any time in the future without demand or notice as provided above.

14.4 In liquidation of Customer’s long or short positions, Unipro Bank may, in its sole discretion, offset in the same settlement or it may initiate new long or short positions in order to establish a hedge which in Unipro Bank’s sole judgment may be advisable to protect or reduce existing positions in Customer’s account.

14.5 Any sales or purchases hereunder may be made according to Unipro Bank’s judgment and at its discretion with any interbank or other exchange market where such business is then usually transacted or at a public auction or private sale, and Unipro Bank may purchase the whole or any part thereof free from any right of redemption.

14.6 For Customer’s protection, Equity or Net Liquidation Value of the Customer’s trading account drops below the Minimum Margin Requirement, all of Customer’s open transactions shall be automatically closed, whether at a loss or a profit.

15.6.1 For the Unipro Bankr and MetaTrader platforms, the Minimum Margin Requirement is equal to 10% of the Required Margin.

15.6.2 For the AvaOptions platform, the Minimum Margin Requirement is equal to 50% of Required Margin.

14.7 If the amount in Customer’s trading account is less than zero, Customer shall promptly notify Unipro Bank and Unipro Bank shall nullify the account.

14.8 Neither Unipro Bank nor any of its subsidiaries, marketing partners or agents shall be responsible for any loss or damage caused due to closing of positions in accordance with the above.

14.9 Customer shall at all times be liable for the payment of any deficit balance of Customer upon demand by Unipro Bank and in all cases, Customer shall be liable for any deficiency remaining in Customer’s account(s) in the event of the liquidation thereof in whole or in part by Unipro Bank or by Customer.

14.10 In the event the proceeds realized pursuant to this authorisation are insufficient for the payment of all liabilities of Customer due to Unipro Bank, Customer shall promptly pay upon demand, the deficit and all unpaid liabilities, together with interest thereon equal to three (3) percentage points above the then prevailing prime rate at Unipro Bank’s principal bank or the maximum interest rate allowed by law, whichever is lower, and all costs of collection, including attorney’s fees, witness fees, travel expenses and the like.

14.11 In the event Unipro Bank incurs expenses other than for the collection of deficits, with respect to any of the account(s) of Customer, Customer agrees to pay such expenses.

15. FEES/CHARGES
15.1 Fees arising out of Unipro Bank providing services are outlined in the website.

15.2 Customer is aware that a part of Unipro Bank’s revenues derives from the spread on each transaction. The spread is the difference between the bid & the ask price of the price quote on a transaction.

15.3 Unipro Bank may increase or decrease spreads on any or all instruments, at its sole discretion, at any time without notification due to various mitigating factors – market sentiment, news times or announcements, trading volumes, market volatility and/or additional internal or external factors. This may be effected on an individual client basis or for all clients simultaneously.

15.4 Spreads may be increased where a third party inter alia – Marketing partner, Introducing Broker, Marketing Partner, refer a Customer to Unipro Bank. This additional spread may be transferred to the third party who referred the Customer as remuneration.

15.5 Where a customer requests a specific fee structure, a commission may be payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable

will be debited from Customer’s account at the same time as Unipro Bank opens or closes the relevant Forex, CFDs, Options and Spread Bets.

15.6 Where we increase or introduce any new charges, we will post the changes on our website at least 7 days before they take effect.

15.7 We may also charge for incidental banking-related fees such as wire charges for deposits/withdrawals and returned check fees.

15.8 In certain circumstances additional fees may include such things as statement charges, order cancellation charges, account transfer charges, telephone order charges or fees imposed by any interbank agency, bank, contract, market or other regulatory or self-regulatory organisations arising out of Unipro Bank’s provision of services hereunder.

15.9 Customer may incur additional fees for the purchase of optional, value added services we offer.

15.10 ROLLOVERS, OVERNIGHT INTEREST:

16.10.1 A daily financing charge may apply to each Forex, CFDs, Options and Spread Betting open position at the closing of Unipro Bank’s trading day as regards that Forex, CFD, Options and Spread Bet.

16.10.2 If such financing charge is applicable, it will either be requested to be paid by Customer directly to Unipro Bank or it will be paid by Unipro Bank to Customer, depending on the type of Forex, CFDs, Options and Spread Betting and the nature of the position Customer holds.

16.10.3 The method of calculation of the financing charge varies according to the type of Forex, CFDs, Options and Spread Betting to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR).

16.10.4 The financing charge will be credited or debited (as appropriate) to Customer’s account on the next trading day following the day to which it relates.

16.10.5 Unipro Bank reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of Forex, CFDs, Options and Spread Betting to which the financing charge applies.

16.10.6 For certain types of Forex, CFDs, Options and Spread Betting, a commission is payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable will be debited from Customer’s account at the same time as Unipro Bank opens or closes the relevant Forex, CFDs, Options and Spread Bets.

16.10.7 Trades in CFDs and Spread Betting are linked to the market price of a certain base asset, including the market price of future contracts. A few days prior to the expiration date of

the base asset to which the CFD and Spread Betting is linked, the base asset shall be replaced with another asset, and the quotation of the CFD and Spread Betting shall change accordingly.

16.10.8 CFDs and Spread Betting does not have an expiration date.

16.10.9 Trades in CFDs and Spread Betting are continuous and the base assets to which they are linked vary from time to time.

16.10.10 Unipro Bank reserves the right to determine the base asset to which CFDs and Spread Betting is linked, the date of replacement of the base asset, and the replacement conditions.

16.10.11 Following the replacement of the base asset, the quotation of the CFDs and Spread Betting shall be adjusted, and the Customer’s account shall be credited or debited, as applicable, in accordance with the difference in quotations created due to the replacement of the base asset.

16.10.12 The difference in quotations between the base assets is affected by the difference in rates between selling and buying of such assets in the market, and therefore the revaluation of selling and buying transactions shall be in different values.

16.10.13 Customers will incur costs in relation to the Spread Cost in closing the Old contract and Opening the New Contract and a Standard Overnight Interest charge.

16.10.14 In most cases, the debits shall be higher than credits.

16.10.15 Any open transaction held by Customer at the end of the trading day as determined by Unipro Bank or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction.

16.10.16 Customer acknowledges that when rolling over such transactions to the next business day, overnight interest may be either added or subtracted from Customer’s account with respect to such transaction.

16.10.17 The overnight interest amount shall be determined by Unipro Bank from time to time, in Unipro Bank’s absolute discretion.

16.10.18 Customer hereby authorizes Unipro Bank to add or subtract the overnight interest to or from Customer’s account for any open transaction that have accrued overnight interest, in accordance with the applicable rate thereto, each day at the time of collection specified on the trading platform for each individual instrument, as applicable.

16. COMMUNICATIONS, STATEMENTS AND CONFIRMATIONS
16.1 Reports, statements, notices, trade confirmations, and any other communications will be posted online and may be transmitted to such address as Customer may from time to time designate in a written or electronic communication to Unipro Bank.

16.2 Customer is responsible for alerting Unipro Bank to any change in its e-mail address.

16.3 Communications are deemed received when made available to Customer by Unipro Bank, regardless of whether Customer actually accessed the statement.

16.4 Customer will be able to generate daily, monthly and annual account statements detailing transaction activity, profit and loss statements, open positions, margin balances, account credits and debits.

16.5 Customer understands that it must carefully review the reports relating to Customer’s trading posted online by Unipro Bank.

16.6 Reports of the confirmation of orders and statements of accounts for Customer posted online by Unipro Bank shall be deemed correct and shall be conclusive and binding upon Customer if not objected to within two business days of the posting online.

16.7 Objections may be made initially by email or by telephone, but must be confirmed thereafter in writing.

16.8 If Customer becomes aware of an error with respect to any report or statement, such as amounts erroneously credited to Customer, Customer shall immediately inform Unipro Bank and is responsible to return such amount to Unipro Bank, and if Unipro Bank becomes aware of such occurrence, Unipro Bank is expressly authorized to correct such error by correcting such report or statement, and, if applicable, treating this as a Deficit Balance.

16.9 Customer declares that by providing its registration data to Unipro Bank it hereby consents to, Unipro Bank, its subsidiaries, marketing partners and agents sending, and Customer receiving, by means of telephone, facsimile, SMS or e-mail, communications containing content of a commercial nature relating to Customer’s use of the trading platform, including information and offers from Unipro Bank or third parties that Unipro Bank believes Customer may find useful or interesting, such as newsletters, marketing or promotional materials.

16.10 Customer acknowledges that Unipro Bank does not have to separately obtain Customer’s prior consent (whether written or oral) before distributing such communications to Customer, provided that Unipro Bank shall cease to distribute such communications should Customer notify Unipro Bank in writing that Customer no longer desires to receive such commercial communication.

16.11 Client statements can be generated by the client at any time on the on-line trading platform. These statements will record the time the order was executed and the balance of their account. Our internal records will state the time the order was requested from the client.

16.12 Unipro Bank will also provide the client with a statement on an annual basis outlining the details of funds held by the firm for the client at end of the period covered by the statement. Statements will also show all charges applied during the period covered by the statement, if any.

16.13 Real time access to each client’s account showing transactions, the time orders were filled and the balance on the client’s account will also be available to customers.

17. DISCLAIMER OF WARRANTIES / LIMITATION OF LIABILITY
17.1 Unipro Bank and/or any of its subsidiaries, marketing partners or agents shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of Unipro Bank including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to breakdown or failure of transmission or communication facilities, or electrical power outage.

17.2 Neither Unipro Bank nor any of its subsidiaries, marketing partners or agents warrants that the trading platform or any services provided (including Third Party Licenses) will be available without interruption or will be error free and such trading platform and services are being provided “AS IS” without any representation or warranty of any kind whatsoever except as otherwise set forth herein.

17.3 Under no circumstances shall Unipro Bank or any of its subsidiaries, marketing partners or agents be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, Unipro Bank’s trading platform or services (including Third Party Licenses) including but not limited to lost profits, loss of business, trading loss, loss of data or use of data, any unauthorized access to, alteration, theft or destruction of Customer’s computers, computer systems, data files, programs or information, or costs of procurement of substitute goods or services.

17.4 Customer agrees that this section represents a reasonable allocation of risk, that this section is an essential element of this Agreement and that in its absence; the economic terms of this Agreement would be substantially different.

17.5 This limitation applies whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, even if Unipro Bank or any of its subsidiaries, marketing partners or agents has been advised of the possibility of such damage.

17.6 Neither Unipro Bank nor any of its subsidiaries, marketing partners or agents has liability or duty of indemnification related to unusable data, lost or corrupt Customer transactions or data, by whatever means, in whatever form.

17.7 This limitation of liability additionally eliminates any duty or liability on the part of Unipro Bank or any of its subsidiaries, marketing partners or agents related to unusable data, lost or corrupt Customer transactions or data, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of Unipro Bank’s control.

17.8 Unipro Bank and its subsidiaries, marketing partners and agents disclaim any and all liability resulting from or related to any breach of internet security or disruption, distortions or delays of Customer’s connections to the internet, due to any reason.

17.9 As OTC is not an exchange traded market, prices at which Unipro Bank deals at or quotes may or may not be similar to prices at which other OTC market makers deal at or quote.

17.10 Should a quoting or execution error occur, which may include, but are not limited to, a mistype of a quote, a quote that is not representative of fair market prices, an erroneous price quote from a dealer or erroneous price quote due to failure of hardware, software or communication lines or systems or inaccurate external data feeds provided by third-party vendors, Unipro Bank will not be liable for the resulting errors in account balances. Without derogating from the above, in the event that transactions shall be closed or opened based on the Erroneous Quote, Unipro Bank’s trading room attempts to recognize such event and to act promptly to reset such event. Customer acknowledges that the reset process may take time, during which Customer may not be able to use its trading account, and outstanding orders may not be executed.

17.11 In case Unipro Bank will identify an erroneous quote or an outdated quote, it may offer the Customer an alternative quote or alternatively to continue the transaction, all at the sole discretion of Unipro Bank.

17.12 Customer further acknowledges that Ava, its subsidiaries, marketing partners and agents shall not be liable for any loss or damage caused due to or in connection with such reset process.

17.13 Third Party Licenses:

18.13.1 If any third party software is included within or embedded in the Unipro Bank website or online trading platform, then such embedded third party software shall be provided subject to the terms of this Customer Agreement which apply to the online trading platform.

18.13.2 Customer shall fully comply with terms of any Third Party Licenses that we provide from time to time.

18.13.3 We provide no express or implied warranty, indemnity or support for the Third Party Licenses, and will have no liability related thereto.

18.13.4 “Third Party Licenses” means licenses from third parties governing third party software embedded or used in the trading platform.

18. FOREX, CFDs, OPTIONS AND SPREAD BETTING FLUCTUATION RISK
18.1 If Customer directs Unipro Bank to enter into any Forex, CFDs, Options and Spread Betting transaction:

(i) Any profit or loss arising as a result of a fluctuation in Forex, CFDs, Options and Spread Betting will be entirely for Customer’s account and risk;

(ii) All initial and subsequent deposits for margin purposes shall be made in U.S. Dollars, EUROs, Great British Pounds or Japanese Yen in such amounts as Unipro Bank may in its sole discretion require; and

(iii) Unipro Bank is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by Unipro Bank in its sole discretion on the basis of the then prevailing money market rates.

19. INDEMNIFICATION
19.1 Customer agrees to indemnify and hold Unipro Bank, its subsidiaries, marketing partners, agents, employees, agents, successors and assigns (“Ava Indemnities”) harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by any of Unipro Bank indemnities arising out of Customer’s failure to fully and timely perform Customer’s obligations herein or under any Third Party License or should any of Customer’s representations and warranties fail to be true and correct.

19.2 Customer also agrees to pay Unipro Bank indemnities promptly all damages, costs and expenses, including attorney’s fees, incurred in the enforcement of any of the provisions of this Agreement and any other agreements between Unipro Bank and Customer.

19.3 In addition to any limitations of liability specified elsewhere in this Agreement, Unipro Bank indemnities shall not be held liable and are released from all claims and losses incurred in such regard if the claim or loss was caused or contributed to by:

(i) The actions or omission to act on the part of Customer,

(ii) Any act or omission by any person obtaining access to Customer’s account, whether or not Customer has authorized such access or not,

(iii) System malfunction, equipment failure (whether Customer’s equipment or Unipro Bank’s equipment), system interruption or system unavailability,

(iv) Delays, failure or errors in implementing any instruction,

(v) Inaccurate or incomplete instructions received by Unipro Bank’s from Customer, or

(vi) Any reliance or use by Customer or any other third party with access to Customer’s account of any financial and market data, quotes, news, analyst opinions, research reports, graphs or any other data or information whatsoever available through the trading platform or any Third Party License, whether to complete a transaction on the trading platform or for any other purpose whatsoever.

19.4 Unipro Bank shall be entitled to setoff Customer’s liabilities under this section from Customer’s account.

20. MARKET ABUSE AND MANIPULATION
20.1 PROHIBITION ON ARBITRAGE AND MANIPULATION

21.1.1 Unipro Bank does not permit the practice of arbitrage when trading and strictly forbids any form of manipulation of its prices, execution, and platform or making transactions based on errors, omissions or misquotes on the Unipro Bank platform.

21.1.2 Price latency, connectivity delays, and price feed errors sometimes create a situation where the prices displayed do not accurately reflect market rates. The concept of arbitrage and “scalping”, or taking advantage of these Internet delays, cannot exist in an OTC market where the client is buying or selling directly from the market maker.

21.1.3 Any transactions that rely on price latency or price feed errors may be subject to intervention which includes the right to void any transactions which Unipro Bank has determined to be a result of any of these practices, revocation of profits, widening of spreads, block of trading and any other necessary corrections or adjustments on the account without prior notice.

21.1.4 If Unipro Bank suspects or has reason to believe that Customer has abused the terms and conditions by hedging positions internally (using other trading accounts held with Unipro Bank) or externally (using other trading accounts held with other brokers), Unipro Bank reserves the right to cancel any trades or profits associated with Customer’s account(s).

20.2 MARKET ABUSE

21.2.1 Unipro Bank may hedge our liability to you by opening analogous positions with other institutions or in the underlying market. The result of our doing this is that when you trade with us your trades can, through our hedging, exert a distorting influence on the underlying market for that index, in addition to the impact that it may have on our own prices. This creates a possibility of market abuse.

21.2.2 Customer represents and warrants, and agrees that each such representation and warranty is deemed repeated each time Customer opens or closes a position that:

(a) Customer will not place and has not placed a trade with us relating to a particular index or any other CFD price if to do so would result in Customer, or others with whom Customer is acting in concert together, having an exposure to the price of the underlying financial instrument which can create a situation of market abuse.

This exposure can be equal to or exceeding the amount of a declarable interest in the relevant financial instrument. For this purpose, the level of a declarable interest will be the prevailing level at the material time, set by law or by the stock exchange(s) or other exchange upon which the underlying financial instrument is traded; and

(b) Customer will not place and has not placed a trade with us in connection with:

(i) a placing, issue, distribution or other analogous event;

(ii) an offer, take over, merger or other analogous event; or

(iii) any other corporate finance style activity, in which Customer is involved or otherwise interested; and

(c) Customer will not place or close a position and Customer will not place an order that contravenes any primary or secondary legislation or other law against insider dealing or market manipulation. Customer agrees that Unipro Bank may proceed on the basis that when Customer opens or closes a position or places an order on a share price, Customer may be treated as dealing in securities within the meaning of the relevant statutes or regulations.

21.2.3 In the event that (a) Customer places or closes any trade or places an order in breach of the representations and warranties given, or Unipro Bank has reasonable grounds for suspecting that Customer may have done so, Unipro Bank may at our absolute discretion and without being under any obligation to inform Customer of our reason for doing so close that trade and any other trade or trades that you may have open at the time, if

applicable, and also at our absolute discretion cancel any trades or profits associated with Customer’s account(s)

21.2.4 Customer acknowledges that trade are speculative arrangements and Customer agrees that Customer will not enter into any transactions with us in connection with any corporate finance style activity.

21.2.5 Customer acknowledges that it would be improper for Customer to deal in the underlying market if the sole purpose of such a transaction was to impact on our bid or offer prices, and Customer agrees not to conduct any such transactions.

21. EXECUTION OF ORDERS, STOP AND LIMITS
21.1 Unipro Bank will use commercially reasonable efforts to complete all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer.

21.2 Unipro Bank reserves the right to refuse to accept any order.

21.3 Unipro Bank may, at its sole discretion, allow Customer to specify a closing price for a transaction at the trading platform through a “Close at Loss” and “Close at Profit” order, subject always to the terms of this Agreement and any other terms and conditions Unipro Bank may implement from time to time.

22.3.1 “Close at Loss” means an offer to close a transaction at a price determined in advance by Customer which, in the case of a transaction that is opened by offering to buy a specific number of a certain instrument, is lower than the opening transaction price, and in the case of a transaction that is opened by offering to sell a specific number of a certain instrument, is higher than the opening transaction price.

22.3.2 “Close at Profit” means an offer to close a transaction at a price determined in advance by Customer which, in the case of a transaction that is opened by offering to buy a specific number of a certain instrument, is higher than the opening transaction price, and in the case of a transaction that is opened by offering to sell a specific number of a certain instrument, is lower than the opening transaction price.
21.4 Upon Customer’s offer and Unipro Bank’s acceptance of an order, Customer hereby authorizes Unipro Bank to close the transaction at the Close at Loss price or Close at Profit price, as applicable, and as agreed upon in the order, without further instruction from or notification to Customer.

21.5 Unipro Bank may, in its sole discretion, close the transaction when the price quoted by Unipro Bank on the trading platform equals the price accepted by Unipro Bank for such an order.

21.6 Customer acknowledges and agrees that Unipro Bank shall not be obligated to close a transaction which does not otherwise comply with any other limitations agreed upon with respect to such transaction.

21.7 Customer acknowledges and agrees that due to market volatility and factors beyond Unipro Bank’s control, Unipro Bank cannot guarantee that a Close at Loss order will be executed at the level specified in Customer’s order. In such an event, Unipro Bank will close the transaction at the next best price.

21.8 If, before Customer’s “Limit Order” offer to open or close a transaction is accepted by Unipro Bank, Unipro Bank’s quote moves to Customer’s advantage (for example, if the price goes down as Customer buys or the price goes up as Customer sells) Customer agrees that Unipro Bank will execute the closing transaction at the Customer’s specified price and not better. Customer agrees that Unipro Bank can retain such price movement for its own account.

21.9 Customer is aware that a part of Unipro Bank’s revenues derives from the spreads on each transaction. The spread is the difference between the bid & the ask price of the price quote on a transaction. Therefore, in case the fair market price reduces Unipro Bank’s spread in a specific transaction, Unipro Bank may, at its sole discretion, choose not to execute such transaction, in which case Unipro Bank may send Customer an amended quote for his consideration. Unipro Bank may complete a transaction at its sole discretion in case the fair market price does not affect Unipro Bank’s spread from the transaction and / or increases it.

22. RISK ACKNOWLEDGMENT
22.1 Customer acknowledges that investment in leveraged and non-leveraged transactions are speculative, involves a high degree of risk, and is appropriate only for persons who can assume risk of loss of their entire margin deposit.

22.2 Customer understands that because of the low margin normally required in OTC trading, price changes in OTC may result in significant losses.

22.3 Customer warrants that Customer is willing and able, financially and otherwise, to assume the risk of OTC trading, and in consideration of Unipro Bank’s carrying his/her account(s), Customer agrees not to hold Unipro Bank and any of its subsidiaries, marketing partners or agents responsible for any losses incurred by Customer.

22.4 Customer recognizes that guarantees of profit or freedom from loss are impossible in OTC trading.

22.5 Customer acknowledges that Customer has received no such guarantees from Unipro Bank or from any of its representatives or any introducing agent or other entity with whom Customer is conducting his/her Unipro Bank account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.

22.6 The high degree of leverage that is obtainable in the trading of Forex, CFDs, Options and Spread Betting transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.

22.7 During times of extreme volatility it can be difficult or impossible to execute orders.

23. MARKET RECOMMENDATIONS AND INFORMATION
23.1 Customer acknowledges that:

(i) Any market recommendations, signals and information communicated by any method of communication to Customer by Unipro Bank and any of its subsidiaries, marketing partners, agents or by any person within Unipro Bank does not constitute an offer to sell or the solicitation of an offer to buy any OTC contract, and that Unipro Bank does not provide investment advice

(ii) Such recommendation and information, although generally based upon information obtained from sources believed by Unipro Bank to be reliable, may be based solely on a broker’s opinion and that such information may be incomplete and may be unverified, and

(iii) Unipro Bank makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or market recommendation furnished to Customer and shall not be responsible for any loss or damage including without limitation any loss of margin or profits which may arise directly or indirectly from use or reliance on such recommendations or information.

23.2 Customer understands that Customer is solely responsible for assessing the merits and risks of any trade it may enter into with Unipro Bank whether as a result of information provided by Unipro Bank or otherwise.

23.3 Customer acknowledges that Unipro Bank and/or its officers, directors, marketing partners, associates, stockholders or representatives may have a position in or may intend to buy or sell Forex, CFDs, Options and Spread Bets, which are the subject of market recommendations furnished to Customer, and that the market position of Unipro Bank or any such officer, director, marketing partner, associate, stockholder or representative may not be consistent with the recommendations furnished to Customer by Unipro Bank.

23.4 Customer acknowledges that Unipro Bank makes no representations concerning the tax implications or treatment of any trading activity.

24. CUSTOMER REPRESENTATIONS AND WARRANTIES

24.1 Customer represents and warrants that:

(i) if Customer is a natural person, Customer is of sound mind, legal age and legal competence

(ii) if Customer is not a natural person,

a. Customer is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;

b. Execution and delivery of this Agreement and all Contracts and other transactions contemplated hereunder and performance of all obligations contemplated under this Agreement and all other transactions contemplated hereunder have been duly authorised by Customer; and

c. Each person executing and delivering this Agreement and all other transactions contemplated hereunder on behalf of the Customer, has been duly authorised by Customer to do so.

(iii) No person other than Customer has or will have an interest in Customer’s account(s) and Customer has not granted and will not grant a security interest in Customer’s account with Unipro Bank (other than the security interest granted to Unipro Bank hereunder) to any person without Unipro Bank’s prior written consent. Customer has full beneficial ownership of all collateral and will not grant any security interest in any collateral to any person (other than the security interest granted to Unipro Bank hereunder) without Unipro Bank’s prior written consent; and,

(iv) Customer hereby warrants that regardless of any subsequent determination to the contrary, Customer is suitable to trade OTC; and,

(v) Customer is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and/or firm registered on any exchange, or any bank, trust, or insurance company, and in the event that Customer becomes so employed, Customer will promptly notify us, at Unipro Bank ‘s home office, in writing, of such employment; and,

(vi) Customer will execute and deliver all documents, give all notices, make all filings and take such other actions as Unipro Bank, in its sole discretion, deems necessary or desirable to evidence or perfect any security interest in favor of Unipro Bank or to protect Unipro Bank’s interests with respect to any Collateral; and,

(vii) Customer has read and understands the provisions contained in this Agreement, including, without limitation, Unipro Bank’s Risk Disclosure Statement and Privacy Statement; and

(viii) Customer will review this Agreement; and

(ix) Customer will not affect any transaction in Customer’s account unless Customer understands this Agreement, and Customer agrees that in effecting any transaction it is deemed to represent that it has read and understands this Agreement as in effect at the time of such transaction; and

(x) Customer agrees to, and shall at all times comply with all applicable laws, statutes and regulations and Customer hereby declares that the execution and delivery by Customer of this Agreement and all other transactions contemplated hereunder, and performance of all of Customer’s obligations contemplated under this Agreement and any other transaction contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Customer. Customer may not use this account with Unipro Bank for any illegal activity.

25. DISCLOSURE OF FINANCIAL INFORMATION
25.1 The Customer represents and warrants that the financial information disclosed to us in his/its Application is an accurate representation of the Customer’s current financial condition.

25.2 The Customer represents and warrants that the Customer has very carefully considered the portion of the Customer’s assets which the Customer considers to be risk capital.

25.3 The Customer recognizes that risk capital is the amount of money the Customer is willing to put at risk and the loss of it would not, in any way, change the Customer’s lifestyle.

25.4 The Customer agrees to immediately inform us if the Customer’s financial condition changes in such a way to reduce the Customer’s net worth, liquid assets and/or risk capital.

26. NO SEPARATE AGREEMENTS
26.1 Customer acknowledges that Customer has no separate agreement with Unipro Bank or any of its employees or agents regarding the trading in Customer’s Unipro Bank account, including any agreement to guarantee profits or limit losses in Customer’s account.

26.2 Customer understands that Customer must authorize every transaction prior to its execution unless Customer has delegated discretion to another party by signing Unipro Bank’s limited trading authorization or as otherwise agreed in writing with Unipro Bank, and any disputed transactions must be brought to the attention of Unipro Bank’s Compliance Officer pursuant to the notice requirements of this Customer Agreement.

26.3 Customer agrees to indemnify and hold Unipro Bank and its subsidiaries, marketing partners and agents harmless from all damages or liability resulting from Customer’s failure to immediately notify Unipro Bank’s Compliance Officer of any of the occurrences referred to herein.

26.4 All notices required under this section shall be sent to Unipro Bank at its home office.

27. DISCLOSURE OF CUSTOMER INFORMATION
27.1 Unipro Bank will not share or sell information regarding customers and/or prospective customers, except to its employees, agents, partners, and associates as required in the ordinary course of business, including, but not limited to, Unipro Bank’s banking or credit relationships, or to other persons as disclosed in Unipro Bank’s Privacy Statement.

27.2 Unipro Bank may also disclose to federal or state regulatory agencies and law enforcement authorities’ information regarding Customer and Customer’s transactions in response to a request for such information or in response to a court order or subpoena.

27.3 Unipro Bank will share or sell statistical information without disclosing Customer’s identity.

28. TERMINATION
28.1 This Agreement shall continue in effect until termination, and may be terminated by Customer at any time upon three days prior written notice (which may be by e-mail) when Customer has no Forex, CFDs, Options and Spread Betting position(s) and no liabilities held by or owed to Unipro Bank upon the actual receipt by Unipro Bank at its home office of written notice of termination, or at any time whatsoever by Unipro Bank upon the transmittal of written notice of termination to Customer; provided, that such termination shall not affect any transactions previously entered into and shall

not relieve either party of any obligations set out in this agreement nor shall it relieve Customer of any obligations arising out of any deficit balance.

28.2 Sections 14, 17, 19, 24, 31, 43 shall survive termination of this Agreement for any reason.

29. INTELLECTUAL PROPERTY AND CONFIDENTIALITY
29.1 All copyright, trademark, trade secret and other intellectual property rights and proprietary rights to the Unipro Bank website in its totality, its contents and any related materials (“Unipro IP”) shall remain at all times the sole and exclusive property of the Unipro Bank and its licensors and in the case of third party materials available on the Unipro Bank web site to such third party and

29.2 Customer acknowledges that the Unipro IP is confidential and has been developed through the expenditure of substantial skill, time, effort and money.

29.3 The Customer will protect the confidentiality of the Unipro IP and not allow website access to any third party.

29.4 Customer will not publish, distribute, or otherwise make available to third parties any information derived from or relating to the Unipro IP.

29.5 Customer will not copy, modify, de-compile, reverse engineer, or make derivative works of the Unipro IP or in the manner in which it operates.

29.6 If Customer has comments on Unipro Bank’s services or ideas on how to improve them, Customer is welcome to contact Unipro Bank. By doing so, Customer grants Unipro Bank a perpetual, royalty-free, irrevocable, transferable license, with right of sublicense, to use and incorporate Customer’s ideas or comments into the Unipro Bank’s services, and to otherwise exploit Customer’s ideas and comments, in each case without payment of any compensation.

30. RECORDINGS
30.1 Customer agrees and acknowledges that all conversations regarding Customer’s account(s) between Customer and Unipro Bank personnel may be electronically recorded with or without the use of an automatic tone warning device.

30.2 Customer further agrees to the use by Unipro Bank, its subsidiaries, marketing partners and agents of such recordings and transcripts as it deems fit in connection with any dispute or legal proceeding that may arise.

30.3 Customer understands that Unipro Bank destroys such recordings at regular intervals in accordance with Unipro Bank’s established business procedures and Customer hereby consents to such destruction.

31. LEGAL RESTRICTIONS
31.1 Without limiting the foregoing, Customer understands that laws regarding financial contracts vary throughout the world, and it is Customer’s obligation alone to ensure that Customer fully complies with any law, regulation or directive, relevant to Customer’s country of residency with regards to the use of the Web site.

31.2 For avoidance of doubt, the ability to access Unipro Bank’s Web site does not necessarily mean that Unipro Bank’s services, and/or Customer’s activities through it, are legal under the laws, regulations or directives relevant to Customer’s country of residency.

31.3 This Web site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized, or to any person to whom it is unlawful to make such an offer or solicitation.

31.4 Access to this Web site, and the offering of financial contracts via this site, may be restricted in certain jurisdictions, and, accordingly, users accessing this site are required to inform themselves of, and to observe, such restrictions.

32. DECLARATION
32.1 By acceptance of this Agreement, Customer hereby declares that the moneys invested in Customer’s account with Unipro Bank do not originate from drug trafficking, abduction, or any other criminal activity.

33. TAX COLLECTION
33.1 Customer knows, understands and agrees that, in general, Unipro Bank does not collect tax for any authority in any form or manner.

33.2 Without limiting the foregoing, it is Customer’s obligation alone to calculate and pay all taxes applicable to you in Customer’s country of residence, or otherwise arising as a result of Customer’s trading activity from the use of the Unipro Bank’s services.

33.3 Without derogating from Customer’s sole and entire responsibility to perform tax payments, Customer agrees that Unipro Bank may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with Unipro Bank.

33.4 Customer is aware that amounts that may be withdrawn by Customer from Customer’s account are “gross amounts”, from which the Unipro Bank may deduct such taxes, and that Customer shall have no claim towards Unipro Bank with regard to such deductions.

34. INACTIVITY AND ADMINISTRATION FEES
34.1 Customer acknowledges that the Customer’s trading account may be subject to inactivity fees unless prohibited by law. After 3 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customer’s trading account. This fee is outlined below and subject to client relevant currency based account:

Inactivity Fee:

USD Account: $50 EUR Account: €50 GBP Account: £50
Applicable fees are subject to change periodically.

34.2 Customer acknowledges that the Customer’s trading account may be subject to an annual administration fee unless prohibited by law. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account. This fee is outlined below and subject to client relevant currency based account: This is to offset the cost incurred in making the service available, even though it may not be used.
Administration Fee:

USD Account: $100 EUR Account: €100 GBP Account: £100
Applicable fees are subject to change periodically.

35. ACCOUNT PROCEDURES – IDENTIFICATION
35.1 Customer acknowledges that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account.

35.2 Customer further acknowledges that Unipro Bank makes efforts to prevent fraud and to confirm Customer’s identity.

35.3 Accordingly, Customer has provided Unipro Bank, or shall provide Unipro Bank promptly following the opening of the trading account, with certain identifying information and documents as shall be requested by Unipro Bank, including a copy of Customer’s ID, a copy of Customer’s utility bill (e.g., phone bill, property tax bill), and copies of both sides of Customer’s credit card (in the event deposit has been made through credit card).

35.4 Customer confirms that Customer has provided true, accurate, current and complete information during the registration process, and that Customer has not impersonated any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed Customer’s identity from Unipro Bank for any purpose.

36. WITHDRAWAL AND DEPOSIT PROCEDURES
36.1 Customer further acknowledges and accepts Unipro Bank’s procedures with respect to withdrawals and deposits to accounts as set forth below:

(i) Withdrawal orders: The provision of documentation as may be required from time to time by Anti Money Laundering regulations, credit card companies and Unipro Bank, is a prerequisite, prior to the execution of a withdrawal order.

(ii) Customer acknowledges that withdrawals may take longer than expected for numerous reasons, some in Unipro Bank’s control and some not.

(iii) Credit card deposits may be, according to credit card companies’ regulations, returned to the same credit card when a withdrawal is performed. A withdrawal to a bank account where initial deposits have been performed by credit cards will be executed back to credit card or to the bank account at Unipro Bank’s discretion. Withdrawals to bank account may take a longer time period, due to additional security procedures.

(iv) Credit Card Deposits Variance: When choosing an account base currency other than USD, Customer’s credit card may be debited sums which due to exchange rates and credit card companies’ fees, may slightly vary from the initial sum that has been deposited by Customer in the account base currency. Customer hereby accepts that such variations may occur and hereby affirms that Customer shall not seek to object or charge this back.

(v) When depositing by a Bank Transfer, as required by anti-money-laundering regulations, Customer is required to use a bank account, which is in Customer’s country of residence and in Customer’s name. Any withdrawal of funds, from Customer’s Unipro Bank account to a bank account, can only be refunded to the same bank account that the funds were originally received from.

(vi) Alternative payment methods (internet payment vendors; money transfer services; etc.): when depositing funds using a facility other than credit cards and/or banks, you agree

to, and acknowledge being bound by, the regulations and rules of such service, including, but not limited to, fees and other restrictions. Unipro Bank, at its sole discretion, may execute withdrawals to a facility other than the facility used for the original deposit, in accordance with anti-money-laundering regulations.

37. STATEMENTS
37.1 Customer hereby consents to receive account statements and trade confirmations online.

37.2 Unipro Bank will provide customer with password-protected access to online reports.

37.3 Customer will be able to generate Daily, Monthly and Annual account statements detailing transaction activity, profit and loss statements, open positions, margin balances, account credits and debits, etc.

37.4 Hard copies of Monthly customer statements are available upon request only and may incur an additional charge.

37.5 Statements are deemed received when made available to customer by UNIPRO BANK, regardless of whether the customer actually accessed the statement.

37.6 Customer is responsible for alerting UNIPRO BANK to any change in their e-mail address.

37.7 This consent shall be effective until revoked by customer in writing and received by UNIPRO BANK according to Section 16 of this customer agreement.

38. CONSENT TO ELECTRONIC SIGNATURE
38.1 By electronically signing Unipro Bank’s account agreement and related documents, Customer acknowledges receipt of the customer account letter, customer agreement and other documents contained as part of Unipro Bank’s electronic account package and Customer agrees to be bound by their terms and conditions.

38.2 In addition, by signing Unipro Bank’s account agreement and related documents, Customer is consenting to Unipro Bank maintaining and Customer receiving electronic records of Customer’s trades and accounts.

39. CONSENT TO EXECUTION OF ORDERS OUTSIDE A REGULATED MARKET OR MTF
39.1 Customer hereby acknowledges and consents to Unipro Bank executing orders over the counter and outside a regulated market or MTF.

40. WAIVER AND AMENDMENT
40.1 Customer understands, acknowledges and agrees that Unipro Bank may amend or change this Agreement at any time.

40.2 Unipro Bank will provide notice to Customer of any such amendment or change by posting the amendment or change on Unipro Bank’s website or by sending an e-mail message to Customer at least 7 days before it takes effect.

40.3 Customer agrees to be bound by the terms of such amendment or change on that date.

40.4 In the event that Customer objects to any such change or amendment, Customer agrees to liquidate Customer’s open positions and instruct Unipro Bank regarding the disposition of all assets in Customer’s account within ten (10) business days after notice of the amendment or change has been posted on Unipro Bank’s website or otherwise notified Customer.

40.5 No waiver or amendment of this Agreement may be implied from any course of dealing between the parties or from any failure by Unipro Bank or failure of Unipro Bank’s agents to assert its rights under this Agreement on any occasion or series of occasions.

40.6 No oral agreements or instructions to the contrary shall be recognized or enforceable.

41. ENTIRE AGREEMENT
41.1 This Agreement together with all references to Unipro Bank’s policies and procedures made in this Agreement, and together with the Risk Disclosure Statement, and Privacy Statement embodies the entire agreement between Unipro Bank and the Customer, superseding any and all prior written and oral agreements.

42. ASSIGNMENT
42.1 Customer may not assign or transfer any of its rights or obligations under this Agreement to a third party without the prior written consent of Unipro Bank. Any attempted assignment or transfer in violation of the foregoing will be void. Unipro Bank may freely assign this Agreement.

43. GOVERNING LAW AND JURISDICTION
43.1 This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby shall be governed by, construed and enforced in all respects in accordance with the laws of England and Unipro Bank and the customer hereby irrevocably submit to the non- exclusive jurisdiction of the English Courts.

44. BINDING EFFECT
44.1 This Agreement shall be continuous and shall cover, individually and collectively, all accounts of Customer at any time opened or reopened with Unipro Bank irrespective of any change or changes at any time in the personnel of Unipro Bank or its successors, assigns, subsidiaries, marketing partners or agents.

44.2 This Agreement including all authorizations, shall inure to the benefit of Unipro Bank and its subsidiaries, marketing partners, agents, successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Customer and/or the estate, executor, trustees, administrators, legal representatives, successors and assigns of Customer.

44.3 Customer hereby ratifies all transactions with Unipro Bank effected prior to the date of this Agreement, and agrees that the rights and obligations of Customer in respect thereto shall be governed by the terms of this Agreement. 

Customer acknowledges having , read and understood the foregoing customer agreement and hereby agrees to be bound by all the terms and conditions hereof.