CONTRACT FOR FOREIGN EXCHANGE MARGIN TRADE AND CONTRACTS FOR DIFFERENCE (CFD) ON FINANCIAL INSTRUMENTS

CONTRACT FOR FOREIGN EXCHANGE MARGIN TRADE AND CONTRACTS FOR DIFFERENCE (CFD) ON FINANCIAL INSTRUMENTS. /... Today,., in the city of....., the present Contract is made by and between: 1. PARTIES 1... (names/firm), date of birth:.., personal ID /BULSTAT. and tax number., identity document, issued on... by.. (for natural persons), address/seat and registered address., registered under company file.. of.. court (for legal entities), correspondence address.., correspondence email.., telephone, hereinafter referred to as the CUSTOMER, represented by. (names), personal ID., identity document, issued on.. by.., address correspondence address.., correspondence email.., tel...., in the capacity of... (proxy/legal representative what), power of attorney of...., on the one hand, and 2. Investment Intermediary BULBROKERS PLC, having its seat in the city of Sofia and registered address: 7 Sheinovo str., registered in the register of the Sofia City Court by a Decision under company file 14059/1997, volume 491, page 76, batch 44709, register І, having identification code BULSTAT 115152520, correspondence address the city of Sofia, 1504, 7 Sheinovo str., correspondence email office@bulbrokers.com, holder of license for performance of activity as an investment intermediary purusuat to Decision 103 ИП dated 08.02.2006 of the Financial Supervision Commission, represented by Radoslav Georgiev Rachev, personal ID 7101205104, in his capacity of executive director, through...., personal ID... in his/her capacity of.. (broker/person under art.39, par.1, item 2 of Ordinance 38/ executive director/procurator), hereinafter referred to as BULBROKERS, on the other hand. 2. SUBJECT OF THE CONTRACT Art.1. The present Contract shall settle the relations between BULBROKERS and the CUSTOMER in relation to: 1. foreign exchange margin transactions against provision of a guarantee amount; 2. transactions with contracts for difference. Art.2. Foreign exchange margin transactions against provision of a guarantee amount (deposit) within the meaning of this Contract shall be the transactions for purchase-and-sale of a currency (base currency) against another currency (additional currency), cashless on a spot value date, these transactions being specified in a List of the Financial Instruments and their Specific Trading Conditions (the List). Art.3. Transactions with contracts for difference within the meaning of this Contract shall be purchase-and-sale, cashless, on a spot value date of a derivative financial instrument based on securities, indices, commodities and other assets or rights specified in the List. The contract for difference is expressed in the right to receive, respectively the obligation to pay the difference between the market value of certain number of securities or other financial instruments and the price fixed in advance in the contract. Art.4. The list is subject of regular update and is available in the trading platform and on the internet page of the intermediary. By the signing of this Contract, the CUSTOMER consents to all possible amendments to the List. In case that a certain instrument specified in the List is removed from there due to a change in the conditions of the base asset (suspension from trade, transformation of the issuer or others), BULBROKERS shall close the customer s position at the last possible price prior to the occurrence of the event or at such price that most appropriately reflects the fair price of the instrument. Art.5. The Customer shall place orders for transactions in accordance with the List that is up-to-date by the moment of their placement. 3. ENTRY INTO FORCE Art.6. Upon conclusion of this Contract the CUSTOMER shall sign and submit to BULBROKERS the following declarations and documents: 1. the appendices to this Contract; 2. request for opening of an account for trade with financial instruments (form); 3. declaration for origin of funds (form). Art.7. The Contract shall take effect by the crediting of the guarantee account opened for the customer with cash in relation to the entry into of transaction subject of the orders under this Contract to an account or at a teller s desk in BULBROKERS. Art.8. (1) The Contract is entered into for a term of one year. (2) In case that neither party expresses before the other party will to discontinue the relations within two weeks prior to the date of expiration of the term under par.1, the Contract shall be extended for an indefinite period of time. 4. REMUNERATION Art.9. (1) For the services provided on the grounds of this Contract BULBROKERS shall be entitled to remuneration from the CUSTOMER.

Art.10. The amount of the remuneration shall be determined pursuant to Tariff for the Standard Commission Remuneration under Contracts with Customers, unless otherwise established upon the placement of the specific order pursuant to this Contract. Art.11. BULBROKERS shall also be entitled to the expenses made by it in pursuance of the services provided pursuant to this Contract. Art.12. The remunerations and the expenses shall be set off against the funds in the customer s guarantee account opened with BULBROKERS. Art.13. If there are not sufficient funds in the guarantee account, for performance of the obligation for remuneration and expenses, the CUSTOMER shall be bound to pay, in the day of conclusion of the specific transaction, to BULBROKERS the remuneration and the expenses. 5. ORDERS Art.14. (1) BULBROKERS shall accept the following types of orders: Buy market order Limit sell order Sell market order Stop Buy Order Limit buy order Stop Sell Order (2) BULBROKERS shall also accept all modification of the above orders, possible for placement through the internet trading platform. Art.15. An order shall be valid until the moment of its explicit cancellation on the part of the CUSTOMER or until its execution. 6. CONCLUSION OF TRANSACTIONS Art.16. The transaction by virtue of the present Contract shall be entered into: by a real-time internet trading platform Meta Trader STS Finance; by telephone, on numbers specified in Appendix 3 and on the intermediary s internet page; and in another way, upon which the parties agreed in writing. Art.17. Transactions entered into by virtue of the present Contract shall not result in actual delivery of the purchased or sold currencies or financial instruments. Only the carried out positive or negative rates of exchange shall be accrued to the CUSTOMER S account, as well as the differences as a result from swapping of the open positions, payments of interests, dividends and other financial flows, when it is required. Art.18. BULBROKERS shall transfer for a following working day all positions in currency or contracts for difference, reflecting the rates of interest for the respective financial instruments. 7. RIGHTS AND OBLIGATIONS OF BULBROKERS Provision of access to Meta Trader STS Finance Art.19. BULBROKERS shall provide the CUSTOMER with a password and access to the Meta Trader STS Finance electronic trading platform. BULBROKERS may restrict the access of a customer to the platform in case that the customer s account balance is not sufficient for entry into of a transaction. Art.20. Meta Trader STS Finance is an electronic trading platform, through which the CUSTOMER may submit orders by electronic means, enter into transactions, receive information for the CUSTOMER S accounts with BULBROKERS, for the open positions, etc. Art.21. Meta Trader STS Finance shall support encrypted communication between the CUSTOMER and BULBROKERS. Provision of Password for Placement of Orders by Telephone Art.22. BULBROKERS shall provide the Customer with a password for telephone transactions. Art.23. Telephone transactions shall be carried out pursuant to the procedure regulated in Appendix 3: Rules for Placement of Orders by Telephone Art.24. BULBROKERS shall have the right to record the telephone conversations with customers in order to settle any problem that may arise. By the signing of this Contract the CUSTOMER gives the CUSTOMER S explicit consent to have the CUSTOMER S telephone conversations made by the CUSTOMER with the office of BULBROKERS recorded and heard, where necessary. Execution of Placed Orders Art.25. On the grounds of this Contract, BULBROKERS undertakes to perform execution of orders placed by the customer. Art.26. Orders placed by the customer shall be subject of execution if they meet the requirements of this Contract, of the internal regulations of BULBROKERS and of the legal requirements. Provision of Quotations Art.27. BULBROKERS shall provide the CUSTOMER with bilateral quotations (buy/sell) for all currency pairs and contracts for difference specified in the List. Art.28. A quotation shall be provided after identification of the customer by a username and password. Art.29. The quotation submitted by BULBROKERS may be changed in the period of the technological time between the submission of the order and the performance thereof. Such change may be either advantageous or disadvantageous for the customer. Art.30. In the cases of technical errors or wrong data for the market prices, BULBROKERS shall have the right to synchronize its database with another market-maker or informational system for the purpose of provision of true and accurate information for the movement of the financial instruments and protections of the customer s interests. Art.31. All transactions entered into as a result from technical errors or wrong data shall be subject to invalidation. page 2 of 8

Provision of Confirmations Art.32. BULBROKERS shall provide the customer with a confirmation for each accepted order and for each concluded transaction. Art.33. Confirmations shall be sent to е-mail specified by the customer on a daily and monthly basis. Art.34. BULBROKERS shall not bear liability, if the customer does not receive confirmation on the е-mail specified by the CUSTOMER due to factors beyond the control of BULBROKERS. Art.35. Information for all placed orders and concluded transactions shall also be made available by BULBROKERS in the Account History module in the trading system. Art.36. The CUSTOMER may submit an objection in relation to a confirmation received by the CUSTOMER within 24 hours as from the receipt thereof. Due Diligence Art.37. Upon performance of its obligations under this Contract, BULBROKERS shall act honestly, fairly, in a professional manner, in the best interests of the CUSTOMER, treating the CUSTOMER equally with the other customers. Art.38. (1) BULBROKERS shall provide the services under this Contract fully on account and risk of the CUSTOMER. Art.39. BULBROKERS shall be bound to keep the trade secret of the CUSTOMER, as well as the CUSTOMER S commercial reputation. Art.40. (3) BULBROKERS and the persons working for BULBROKERS may not disclose, except in the cases provided for in the law, and use for their own of any other persons benefit, facts and circumstances affecting the balances and the operations under the accounts for financial instruments and for cash of the CUSTOMER, as well as all other facts and circumstances representing trade secret. Appropriate Service Art.41. BULBROKERS shall judge whether the investment services provided on the grounds of this Contract are appropriate for the CUSTOMER. Such judgment shall be made on the grounds of the information provided by the customer for the customer s knowledge and experience pursuant to Appendix 1. Art.42. If the proposed investment service is inappropriate for the CUSTOMER, BULBROKERS shall warn the CUSTOMER in writing. Assessment for Conflict of Interests Art.43. BULBROKERS shall undertake all necessary acts for establishment of the potential conflicts of interests and for the avoidance thereof, in accordance with the internal Regulations and the Policy for Treatment of a Conflict of Interests. Art.44. In case of a risk for the customer s interests arisen from a conflict of interests, BULBROKERS shall provide information for such conflict. The investment service shall be provided after acquaintance of the customer with the information for the existing conflict of interests and after a decision taken by the customer on the grounds of such information. Provision of Information Art.45. BULBROKERS shall be bound to provide the customer with the information required under the effective legislation. 8. RIGHTS AND OBLIGATIONS OF THE CUSTOMER Placement of Orders Art.46. The CUSTOMER shall have the right to place orders for entry into of transactions with financial instruments via the Meta Trader STS Finance trading platform and by phone. Art.47. Upon placement of orders the customer shall identify him-/her-/itself by the access passwords supplied to the CUSTOMER. Art.48. The CUSTOMER shall have the right to place the following types of orders: 1. Buy market order order for purchase of the instruments pursuant to this Contract on the current market price; 2. Sell market order order for sale of the instruments pursuant to this Contract on the current market price; 3. Limit Buy order order for purchase of the instruments pursuant to this Contract at a price determined in the order, lower than the market price current at the moment of submission thereof; 4. Limit Sell order order for sale of the instruments pursuant to this Contract at a price determined in the order, higher than the market price current at the moment of submission thereof; 5. Buy stop order determination of a price, upon the touching of, or goring through, which the CUSTOMER wants to buy certain financial instruments; 6. Sell stop order determination of a price, upon the touching of, or goring through, which the CUSTOMER wants to sell certain financial instruments. Art.49. The execution at the level specified by the customer shall not be guaranteed for the buy/ sell stop orders. Art.50. The execution of an order placed by the CUSTOMER pursuant to this Contract may bring about: 1. opening of a position purchase of a certain quantity of financial instruments (contracts for difference) or of the base currency in the respective currency pair; 2. closing of a position sale of a certain quantity of financial instruments (contracts for difference) or of the base currency in the respective currency pair; Art.51. Any order followed by conclusion of a transaction shall be binding upon the customer, whether the CUSTOMER violates the restrictions or other requirements to the CUSTOMER, established in this Contract or not. page 3 of 8

Art.52. Transactions with the financial instruments subject of orders placed by the CUSTOMER to BULBROKERS pursuant to this Contract shall be entered into in accordance with the sessions of the respective markets where the base assets of the contracts for difference are traded and their trading hours. Art.53. The instruments whose base assets are futures contracts shall be traded until the date, on which the base asset is traded. The CUSTOMER shall be bound to close the respective position within the last session for the instrument in question. In case that the position is not closed by the CUSTOMER after expiration of the last trading date, BULBROKERS shall close the positions at the last price in the trading platform, to which the customer consents unconditionally and irrevocably. Art.54. The customer shall have the right to give additional orders and instructions in relation to the performance of the Contract in compliance with the law, the General Conditions and the Contract. The instructions about the performance of the concluded contract must be accurate, clear and exhaustive. Provision of Information Art.55. The CUSTOMER shall be bound to provide BULBROKERS with the information established in the effective legislation, the General Conditions and the Contract, needed by BULBROKERS for fulfillment of its obligations. Art.56. The customer shall also be bound to provide BULBROKERS with the information needed for the proper categorization of the CUSTOMER when filling in Appendix 1 hereto. Art.57. The CUSTOMER shall be bound to update the information submitted to BULBROKERS, including the information for the CUSTOMER S categorization, knowledge and experience, as well as the CUSTOMER'S identification data, addresses, telephones and other contact information. Right to Receive Strict Performance Art.58. The Customer shall have the right to request strict performance of the contractual obligations on the part of BULBROKERS. Art.59. The CUSTOMER shall have the right to receive from BULBROKERS all the information due to be submitted to the CUSTOMER pursuant to the effective legislation, the General Conditions and this Contract, in accordance with the type of the CUSTOMER, determined under Appendix 1 to the Contract and the characteristics of the provided service. Right of the Entire Benefit from the Transaction Art.60. The Customer shall have the right to receive the entire benefit of any transaction concluded under conditions that are more advantageous than the ones established by the CUSTOMER. Prohibition for Provision of Identification Data Art.61. The customer shall not have the right to disclose the password, the CUSTOMER S identification data for communication with BULBROKERS, as well as the access to the electronic trading software to third parties 9. GUARANTEE ACCOUNT Art.62. For fulfillment of its obligations in relation to orders placed pursuant to this Contract, the CUSTOMER shall supply to BULBROKERS cash, which shall be accounted under an account kept by the intermediary guarantee account. Art.63. The balance in the guarantee account shall be equal to the cash deposited by the CUSTOMER, adjusted by the results from the transactions entered into by the CUSTOMER, the positive and negative exchange rate differences, interests, commission and other payment as a result from the concluded transactions. Art.64. The cash in the account under the previous article shall serve for covering of the risk from losses under positions opened by the CUSTOMER, payment of the remuneration and the expenses in pursuance of the services provided pursuant to the Contract, interests in relation to transactions entered into by the CUSTOMER and positions opened by the CUSTOMER on the grounds of this Contract and other payments ensuing from the performance of this Contract. Art.65. By signing this Contract, the CUSTOMER agrees that all negative for the CUSTOMER results from revaluation of open positions, from closed positions, payments of interests and other cash flows, arisen as a result from transactions entered into by the CUSTOMER under this Contract, shall be directly reflected in the account under par.1. Art.66. BULBROKERS undertakes that all positive for the CUSTOMER price and interest differences, arisen as a result from transactions concluded by BULBROKERS under this Contract shall be directly reflected in the account. Art.67. The guarantee account shall be kept in base currency US Dollar (USD), Euro (EUR) or Bulgarian leva (BGN). Art.68. Upon depositing and withdrawal of funds in a currency other than the account currency, the account shall be certified by an amount in the base currency calculated: for amounts of up to 1000 currency units at the BNB exchange rate for the date; for amounts exceeding 1000 currency units by negotiation. Art.69. Upon transactions with financial instruments, quoted in a currency other than the guarantee account currency, all results from the concluded transactions, the positive and negative differences in exchange rates arising from the revaluation of the open positions, interests, fees, commissions, results from transfer of open positions and other financial flows, shall be converted in the account in its base currency. Art.70. Upon depositing of amounts in the guarantee account it shall be certified by the deposited amount: 1. upon depositing of amounts of up to 10 000 USD, EUR or BGN on the same working day; page 4 of 8

2. upon depositing of amounts exceeding 10 000 USD, EUR or BGN up to the third working day after the depositing by the CUSTOMER. Art.71. The CUSTOMER may withdraw amounts from the CUSTOMER S guarantee account up to an amount that shall not bring about violation of the requirements for minimal guarantee amount. Upon submission of an application under the previous sentence, the respective amount shall be blocked in the account of the CUSTOMER and shall not be taken into account in relation to the observance of the requirements for minimal guarantee amount. Art.72. The CUSTOMER may withdraw sums from the CUSTOMER S guarantee account with a prior notice dependant on the amount of such sum: 1. for amounts of up to 1 000 USD, EUR or BGN without a prior notice; 2. for amounts from 1 000 USD, EUR or BGN to 10 000 USD, EUR or BGN by 1 (one) working day prior notice; 3. for amounts exceeding 10 000 USD, EUR or BGN by a prior notice of 4 (four) working days. 10. MARGIN CALL Art.73. A guarantee amount, for conclusion of transactions with foreign currency and margin contracts for difference shall serve for covering of the risk from losses upon adverse movement of the prices of the traded instruments. Art.74. The minimal guarantee amount for each position shall be calculated separately, dependant on the type of the instrument. Art.75. The guarantee amount related requirements are described in details in a List of the Financial Instruments their Specific Conditions for Trade. Art.76. The CUSTOMER shall be bound to fulfill the obligations under the transactions concluded on the CUSTOMER S account, whether the amount of these obligations exceeds that amount of the funds in the guarantee account or not. Art.77. BULBROKERS shall have the right in case of high market volatility caused by decisions of the central banks, key economic and political news and other circumstances resulting in its opinion to increase of the risk from trade with financial instruments to change its minimal guarantee amount requirements. Art.78. The liability for the observance of the requirements for minimal guarantee amount for the open positions shall be fully born by the customer. Art.79. For opening of a new position the CUSTOMER must dispose of funds in the guarantee account in an amount that is not smaller than the sum of the minimal guarantee amounts under the positions opened until the moment and the minimal guarantee amount under the position that the CUSTOMER wants to open. Art.80. When the funds reach an amount equal to or smaller than the necessary guarantee amount, the customer shall not be able to open new positions. In such case the customer shall be bound, within 24 hours to cover the customer s cash deficiency. Art.81. When the available cash in the account become equal to, or less than 20% (twenty per cent) the necessary guarantee amount for all open positions, BULBROKERS shall have the right to close without a prior notice partially or fully the opened positions of the CUSTOMER in order to achieve the necessary value of the guarantee amount for the open positions. BULBROKERS shall also have the right, in case of application of the provisions of art.77 to change the value of the percentage for ex officio closing of the open positions specified in the в previous sentence. Art.82. In case of closing of positions pursuant to the previous article, the CUSTOMER consents unconditionally and irrevocably to the prices, at which the positions are closed. Art.83. Regardless of the acts of position closing undertaken by BULBROKERS, if as a result the balance under the CUSTOMER S account is negative, the CUSTOMER must supply to BULBROKERS an amount equal to the shortage under the account. 11. TERMINATION OF THE CONTRACT Art.84. (1) The Contract shall be terminated on the grounds and under the procedure provided for in the General Conditions. (2) The Contract may be terminated by expiration of the term it is entered into for. (3) The Contract may also be terminated earlier upon the will of the parties: by mutual consent or by a 14-day written prior notice by either party, sent to the other party. (4) The Contract shall be terminated earlier due to objective reasons: upon death or putting under judicial disability of the customer, when the latter is a natural person; upon dissolution of the legal entity of the customer or of BULBROKERS; upon opening of a bankruptcy procedure for a customer legal entity; upon cancellation of the license of BULBROKERS. Art.85. Upon termination of the Contract the customer s positions shall be closed and guarantee account balance shall be given to the CUSTOMER in a manner specified by the CUSTOMER. 12. EXCHANGE OF INFORMATION BETWEEN THE PARTIES Art.86. (1) The parties agree that the Bulgarian language shall be used for the conduction of correspondence, submission of documents, making notices, as well as any other type of exchange of information between them. (2) The parties shall exchange information in any of the methods specified in the General Conditions, as the sending and acceptance of orders shall be carried out pursuant to аrt.8 of this Contract. (1) By the signing of this Contract the CUSTOMER agrees that the CUSTOMER shall receive all the information that BULBROKERS is bound to supply to the CUSTOMER on a durable media, on the email specified above, and explicitly declares that the CUSTOMER prefers this manner of provision of information to its provision on a hard copy. page 5 of 8

(2) When admissible, pursuant to the legal requirements, the information under par.1 may be submitted to the CUSTOMER though the intermediary s internet page, as by the signing of this Contract the CUSTOMER explicitly consents to this method of submission of the information. BULBROKERS shall be bound to inform the CUSTOMER by electronic means for the address of the internet page and where exactly on the page this information is. 13. RISK AND LIABILITY Art.88. (3) BULBROKERS shall not bear liability for the result achieved by the CUSTOMER in the course of execution of the CUSTOMER'S orders, as the risk shall be fully born by the CUSTOMER. Art.89. (2) In the performance of this Contract, BULBROKERS shall not provide and the CUSTOMER shall not have the right to request from it investment consultations, legal, tax and other advices (3) The market information or the information for certain financial instruments provided by BULBROKERS shall not constitute a recommendation for conclusion or refraining from conclusion of a transaction. Art.90. (4) The CUSTOMER is notified that guarantees for profit or for avoidance of losses do not exist, as well as that the incomes from the activities under this Contract are insecure and may be variable. Art.91. (5) BULBROKERS shall not bear liability for damages incurred by the CUSTOMER as a result from an order that is in good faith accepted and delivered by BULBROKERS for execution and that is placed by any person, other than the CUSTOMER, who properly identified him-/herself in compliance with the requirements of art. 12, par. 3. In the relations between the parties the order under the previous sentence shall be considered placed by the CUSTOMER. Art.92. (3) BULBROKERS shall not bear liability for damages incurred by the CUSTOMER, as well as for future earnings incurred by the latter, as a result from lack of possibility for the CUSTOMER to establish contact with BULBROKERS and respectively to place an order. Art.93. (8) The parties to this Contract shall not bear liability for its non-performance caused by force-majeure events unforeseen or unpreventable events of an extraordinary nature, arisen after the conclusion of the Contract, including, but not only acts of terrorism, natural disasters, emergencies, political instability, bank system collapse and the like. The party that cannot fulfill its obligation due to force majeure must inform the other party in writing in an appropriate term what this force majeure constitutes and what are the possible consequences from it for the performance of the Contract. While such force majeure persists the fulfillment of the obligations and of the counter-obligations related thereto shall be suspended. 14. SUPPLEMENTARY PROVISIONS Art.94. As concerns all issues not settled herein the effective legislation, as well as the special clauses of the General Conditions, applicable to contracts with customers of the investment intermediary, adopted by the Board of Directors of BULBROKERS PLC that do not contradict to it shall apply. Art.95. By the signing of this Contract the CUSTOMER declares that the Customer has received and acquainted with the following documents and information: 1. 1. The General Conditions, applicable to contracts with customers of Investment Intermediary, adopted by the Board of Directors of BULBROKERS PLC on 22.02.2008; 2. 2. The Tariff of Investment Intermediary for the standard commission remuneration under contracts with customers, as well as the type and amount of the expenses for the customers, if they are not included in the remuneration; 3. 3. The Policy for Execution of Orders or customers applied by Investment Intermediary, adopted by the Board of Directors of BULBROKERS PLC on 22.02.2008; 4. 4. The Rules for Customer Categorization of Investment Intermediary, adopted by the Board of Directors of BULBROKERS PLC on 22.02.2008; the CUSTOMER is informed for the right to request to be otherwise determined and for the changes in the provided protection as a result from that; 5. Information for the Policy for Treatment of Conflicts of Interests applied by BULBROKERS; 6. Information for the financial instruments subject of the services that BULBROKERS shall provide on the grounds of the concluded contract and the risks related thereto; 7. Information about the keeping of the financial instruments and the cash of the CUSTOMER; 8. User Manual for Meta Trader STS Finance; 9. List of the financial instruments and their specific conditions for trading; 10. Any other information that BULBROKERS shall be bound to submit to the CUSTOMER, including the information specified hereinabove. Art.96. By the signing of this Contract the CUSTOMER consents to the applicability thereto of the General Conditions, the Tariff and the Policy for Execution of Orders. Art.97. By the signing of this Contract the CUSTOMER declares that the CUSTOMER is notified and agrees that BULBROKERS shall keep in written and electronic form the CUSTOMER S personal data and process them for the purposes specified in the Contract, as well as is notified of and consents to the conditions for the submission thereof to third parties, the methods for access to and changing of the collected personal data. Art.98. By the signing of this Contract, regardless of the fulfillment of the obligation of BULBROKERS to judge whether the services being provided are suitable for the CUSTOMER, the CUSTOMER declares that in the CUSTOMER S own opinion the services subject of the contract are suitable for the CUSTOMER in view of the CUSTOMER S investment experience, objectives and financial capacities, the CUSTOMER is acquainted with and understands the Contract and the documents related to its application, the CUSTOMER is notified of the risks related to the services provided on the grounds of this Contract by BULBROKERS and to the financial instruments in relation to which these services are provided (specified in the list under аrt.27, par. 27, par. 1, item 9), including to the possibility to incur significant losses as a result from the changes in the rates of the financial instruments, the lack of guarantee for profit or for avoidance of a loss, the CUSTOMER is aware of these risks and accepts them. page 6 of 8

Art.99. By the signing of this Contract the CUSTOMER gives its explicit consent to have the CUSTOMER S telephone conversations made by the CUSTOMER with BULBROKERS recorded, heard and otherwise used, where necessary. Art.100. In case that the Contract is entered into by a customer s proxy, by the signing of the Contract the proxy declares that the proxy does not perform by occupation transactions with financial instruments, as well as that the proxy has not performed such transactions for a period of one year prior to the conclusion of the Contract. 15. DEFINITIONS AND INTERPRETATION Definitions Art.101. In the present Contract, unless the context requires otherwise, the following words and expressions shall have the respective meaning specified herein below: 1. Guarantee Account the account open in the name of the CUSTOMER with BULBROKERS for trade with currency and FX Margin CFD Agreement. 2. Trading Platform this is the Meta Trader STS Financе trading software provided by BULBROKERS, through which the CUSTOMER may place orders electronically and enter into transactions, as well as monitor the CUSTOMER S account balance. The software supports encrypted communication between the CUSTOMER and the BULBROKERS servers. 3. Authorized Person one or several persons authorized by the CUSTOMER by a notarized power of attorney, having the right to give instructions and orders to BULBROKERS. 4. Working Hours this is the time, when transactions may be entered into through BULBROKERS, pursuant to the present Contract. The working hours shall be specific and shall be in accordance with the stock exchange where the base assets, on which the contracts for difference are structured, are traded. Exception shall be made for public holidays, as well as the cases, when the stock exchange is terminated for any reason. 5. Order it is any volitional order for transaction explicitly placed by the CUSTOMER by phone or by Meta Trader STS Financе or in any other way, to which BULBROKERS expressly consented. 6. Base Currency the currency in which the CUSTOMER S account with BULBROKERS is opened. All differences, commissions and other financial flows that are in a currency other than the base currency shall be converted at the exchange rates of BULBROKERS in the moment of their arising and shall be reflected in the base currency account. 7. Minimal Order the minimal admissible amount of units of the traded instrument, for which BULBROKERS gives quotations. 8. Long Position this is the purchase on the part of the CUSTOMER of the base currency in the respective currency pair or contract for difference (CFD). The customer holding long position expects increase of the price of the selected financial instrument. The holder of Contract for Difference shall receive dividend in case of its payment to the holders of the securities base asset. 9. Short Position this is the sale on the part of the CUSTOMER of the base currency in the respective currency pair or contract for difference (CFD). The customer holding short position expects decrease of the price of the selected financial instrument. The holder of Contract for Difference shall receive dividend in case of its payment to the holders of the securities base asset. 10. Account Balance it is equal to the cash deposited by the CUSTOMER in the account, adjusted by the results from the closed positions, including the positive and negative rates of exchange, as well as the interests under the closed positions. 11. Deficit under the Guarantee Amount (Margin Call) it represents the shortage of funds necessary for satisfaction of the requirements for minimal deposit (margin). 12. Price of Revaluation of the Open Positions, the buy, respective sell price, on short or long position of the respective financial instrument in the trading platform. After the end of the trading session, it is the last buy/sell price in the platform. 13. Index means the market index, on which the contract for difference is based; 14. Customer is a natural person or legal entity that uses investment and/or additional services provided by the investment intermediary. 15. Professional customer is a customer that possesses experience, knowledge and skills in order to undertake self-dependent investment decisions and properly assess the risks related to investing and that meets the criteria under the Appendix. 16. Non-professional customer is a customer that does not meet the requirements for a professional customer. 17. Eligible counterparty is an investment intermediary, credit institution, insurance company, collective investment scheme, managing company, pension fund, pension-and-social-insurance company, other financial institutions, the entities under art. 4, par. 1, item 11 and 12 of the Markets in Financial Instruments Act, state governments, state authorities that participate in the governing of the national debt, central banks and international institutions, as well as entities from third country that explicitly requested to be treated as such. 18. Market-Maker is a person/entity that is continuously present on the financial markets with the objective of trading on his/her/its account by purchase and sale of financial instruments against his/her/its own funds at prices determined by him/her/it. 19. Performance of Orders on Account of Customers is the performance of acts directed to the conclusion of transactions for purchase or sale of one or more types of financial instruments on behalf of and on account of a customer. 20. Trade on Own Account is the performance of trade with own funds resulting in the conclusion of a transaction with one or more types of financial instruments. page 7 of 8

Interpretation Art.102. If the context requires so, the words importing singular, shall also include singular and viceversa. Art.103. Any reference to an article, paragraph or Appendix shall be, unless the context explicitly specifies otherwise, reference to such article, paragraph from Appendix to the present Contract. Art.104. In case of conflict or discrepancy between the provisions of the present Contract and those of any Appendix, the provisions of the present Contract shall prevail. Art.105. The headings are only inserted for convenience purposes and in no way affect the interpretation of the present Contract. Art.106. Any references to the present Contract or to any other document, contract or agreement shall include the reference to the present Contract or other document, contract or agreement, as they are amended, supplemented, modified, replaced or novated from time to time. Art.107. The references to any legal act or a separate provision thereof shall include any legal acts or provisions that replace or amend or which amended or replaced the first ones and shall include any statutory instruments created pursuant to such legal acts and provisions. 16. CONFLICT RESOLUTION Art.108. Upon the occurrence of any problems the customers may refer to the Head of the Customer Service Department or to the executive director for the settlement thereof. Art.109. The customer shall also have the right to file an appeal, which shall be considered by the investment intermediary in accordance with the Internal Organization Rules of BULBROKERS PLC, as within 10 working days as from the filing of the appeal, and when it is heard on a session of the Board of Directors, of which circumstance the customer shall be notified within 3 working days counted from the session оf the Board of Directors, the investment intermediary shall send to the customer a written reply. Art.110. In case that disputes arisen between the parties may not be settled by mutual consent the dispute shall be referred for resolution to the competent court or an arbitration tribunal selected by the parties. 17. APPENDICES Appendix 1: Questionnaire for Customer Categorization Appendix 2: Request for Opening of an Account Appendix 3: Rules for Placement of Orders by Telephone For the CUSTOMER For BULBROKERS Declaration under аrt.25, par.1 of Ordinance 38 of the Financial Supervision Commission I, the undersigned.. in my capacity of proxy of customer.. under contract.. dated., declare that I do not perform by occupation transactions with financial instruments and/or compensatory instruments and that I have not performed such transactions for a period of one year prior to the entry into of the Contract. Date : Proxy: Declaration under аrt.25, par.1 of Ordinance 38 of the Financial Supervision Commission I, the undersigned in my capacity of a person in charge of the internal control in investment intermediary BULBROKERS PLC made an examination of the concluded Contract. dated..., where I established that it: complies does not comply (specify a reason)..... with the requirements of the Markets in Financial Instruments Act, the acts related to the implementation thereof and with the internal acts of the investment intermediary. Date : In Charge of Internal Control: page 8 of 8