Common use of ONLINE TRANSACTIONS Clause in Contracts

ONLINE TRANSACTIONS. 5.01 The Client may enter orders by following the instructions in the Website. Upon receipt of the orders for shares of PSE-listed stocks, COL shall forward the same to PSE for posting and if matched, execution. 5.02 All orders shall be deemed authorized and executed with the understanding that an actual purchase or sale is intended by the Client. It is the Client’s obligation to verify their stock position and available funds prior to any purchase or sale. 5.03 The Client agrees that while online orders for PSE-listed securities are usually routed to the stock exchange within seconds from placing them, certain orders, at COL’s discretion, may be subject to manual review and entry, which may cause delay in the processing. The Client shall receive the price at which the order is executed in the stock exchange which may be different from the price at which the stock is trading at the time of the order and when it is entered into COL’s online system. 5.04 COL reserves the right to modify, cancel, or reject an order in the following instances: (i) if the buy order is in excess of the Account’s available cash balance; (ii) if the sell order covers securities in excess of the available securities in the Account; (iii) in the discretion of COL, the order, if executed, may be in violation of any law, rule, and/or regulation (e.g. wash sale); (iv) in case of order cancellation or modification, the order is entered during pre-open or pre-close period; (v) there are technical issues preventing the execution of the order; (vi) the order was rejected or cancelled by PSE or, in case of investment of funds, by the fund provider, for any reason; (vii) the order violates or may violate COL’s safety parameters; (viii) said modification, cancellation, or rejection is made to ensure fair and orderly trading; and (ix) other reasons analogous to the foregoing. The above notwithstanding, COL reserves the right to accept or reject orders entered during the market close period. 5.05 COL shall exert reasonable efforts to ensure that its online platform is secure and maintain reliability, operational integrity, and order integrity. Such measures may include, among others, instituting the necessary back- ups to reduce the disruption of services. The above notwithstanding, the Client acknowledges that some or all of the services may not be available at all times due to maintenance and/or computer telecommunication, electrical, or network failure, or any other reasons beyond COL’s control. Further, the Client understands that there are attendant risks related to online transactions, including discrepancies in the data displayed and technical glitches, and accepts the same.