Common use of Fees and Commission Clause in Contracts

Fees and Commission. 4.1 The Client will pay to Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong), on or before the settlement date for a transaction, such reasonable fees, charges and expenses as Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong) may from time to time notify to the Client in advance, whether orally or in writing, together with all applicable levies, brokerage charges, transfer fees, registration fees, stamp duties and other liabilities, taxes, charges, costs and expenses, whatsoever incurred from the Client’s settlement obligation. If the Client fails to settle all the above charges before the due date as requested by Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong), Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong) are entitled to liquidate or realize the securities in Client’s account by market price on the due date and, under any circumstances, Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong) will not be liable for any loss suffered by the Client. Evergrande Securities (Hong Kong) and Evergrande Futures (Hong Kong) may also transfer any balance in Client’s account to settle any outstanding debts or financial obligations.