Common use of CURRENCY FLUCTUATION RISK Clause in Contracts

CURRENCY FLUCTUATION RISK. If Customer directs QUANTIC VENTURE LIMITED to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE LIMITED may in its sole discretion require; and (c) QUANTIC VENTURE LIMITED is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE LIMITED in its sole discretion on the basis of the then prevailing money market rates.

CURRENCY FLUCTUATION RISK. If Customer directs QUANTIC VENTURE SIRIUS MARKETS LIMITED to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE SIRIUS MARKETS LIMITED may in its sole discretion require; and (c) QUANTIC VENTURE SIRIUS MARKETS LIMITED is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE SIRIUS MARKETS LIMITED in its sole discretion on the basis of the then prevailing money market rates.

CURRENCY FLUCTUATION RISK. If Customer directs QUANTIC VENTURE LIMITED CYBER FUTURES INTERNATIONAL LTD to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE LIMITED CYBER FUTURES INTERNATIONAL LTD may in its sole discretion require; and (c) QUANTIC VENTURE LIMITED CYBER FUTURES INTERNATIONAL LTD is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE LIMITED CYBER FUTURES INTERNATIONAL LTD in its sole discretion on the basis of the then prevailing money market rates.

CURRENCY FLUCTUATION RISK. If Customer directs QUANTIC VENTURE FUNDA MARKETS LIMITED to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE FUNDA MARKETS LIMITED may in its sole discretion require; and (c) QUANTIC VENTURE FUNDA MARKETS LIMITED is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE FUNDA MARKETS LIMITED in its sole discretion on the basis of the then prevailing money market rates.

CURRENCY FLUCTUATION RISK. If Customer directs QUANTIC VENTURE FUNDA MARKETS LIMITED to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE FUNDA MARKETS LIMITED may in its sole discretion require; and (c) QUANTIC VENTURE FUNDA MARKETS LIMITED is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE FUNDA MARKETS LIMITED in its sole discretion on the basis of the then prevailing money market rates.. CUSTOMER AGREEMENT 9

CURRENCY FLUCTUATION RISK. CUSTOMER AGREEMENT 9 If Customer directs QUANTIC VENTURE FUNDA MARKETS LIMITED to enter into any foreign currency exchange transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as QUANTIC VENTURE FUNDA MARKETS LIMITED may in its sole discretion require; and (c) QUANTIC VENTURE FUNDA MARKETS LIMITED is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by QUANTIC VENTURE FUNDA MARKETS LIMITED in its sole discretion on the basis of the then prevailing money market rates.