* 1. Parties. In this Agreement, the term "You" and "Your" shall mean You, individually, individual(s), Corporation(s) or Party/Parties who /is/are the Account owner(s), has/have an interest in the Account(s) ,and consent(s) to be bound by the Terms of this Agreement. All references to "We", "Us" or "Our" shall refer to Wayland Asset Management, its employees, officers and directors. 2. Purchases and Sales. We undertake on a "best efforts" basis, to sell or purchase securities on behalf of you, as per your instructions. Until such time as you receive a confirmation order of the sale and/or purchase, we shall not warrant that any trade, in whole or in part, can be completed. 3. Delivery. You shall upon notice of the company, deliver all documents and any monies necessary to complete the purchase or sale to be executed by us as authorized and instructed by you. 4. Fees. In all transactions that we make on your behalf, you pay a handling fee of 1 %. This fee of 1 % is levied on either the sale or purchase of Securities. 5. Currencies. US Dollars will be used for all trade transactions unless otherwise agreed and set forth in the confirmation order. 6. Applicable Law To the maximum extent permitted by Applicable Law, this Agreement shall be governed by and construed in accordance with all relevant Rules and Regulations, and Customs of the Exchange or Market wherever executed. 7. Force Majeure. We shall not be liable for loss caused directly or indirectly by any exchange or market ruling, government restriction, or any "force majeure" (e.g. flood, extraordinary weather conditions, earthquake or other act of God, fire, war, insurrection, riot, communications or power failure, equipment or software malfunction) or any other cause beyond the reasonable control of us. 8. Risk. You understand that all purchases of investments involve risk and may not be suitable to all purchasers. Losses may be my entire principal of any or all purchases. The past performance of the price or value of any Asset, Security, Industry, Sector, Market, or Financial Product does not guarantee future results or returns. 9. Accuracy of New Account Application. You herein confirm to us that all information provided by you is accurate and of a legal and truthful nature. 10. Personal information. You affirm that you are of legal contracting age in your jurisdiction, or that your entity has the legal authority to enter into this contract, and that you have read this contract. We shall keep your details and transactions strictly confidential. You agree to notify us in writing should there be any changes of material fact. 11. Termination. You may close your account at your discretion after all Debit Balances are paid, by sending us written notice at any time. The Terms and Conditions of this Agreement will survive termination of Your Account and will continue to apply to any disputed or other remaining matters involving your relationship with us. We may terminate this Agreement for any reason, effective immediately, by notifying you. Any outstanding balances due to you will be paid to you as instructed by you. 12. Electronic Transaction Confirmations and Account Statements. (A). It is your responsibility to review all confirmations of transactions immediately on receipt, whether delivered to you electronically, by postal mail or otherwise. You will notify us of any objection to the Terms of a Confirmation within one (1) day after my receipt of your confirmation. We are entitled to treat the Terms of the Confirmation as accurate and conclusive unless you object within two (2) day of receipt. In all cases, we reserve the right to determine the validity of your objection. (B). It is your responsibility to review all Account statements promptly on receipt, whether delivered to you electronically, by postal mail or otherwise. You will notify Us of any objection (including any claim of improper transfers, omissions, check alterations, forgeries, other errors or fraudulent occurrences) to the information contained in Your Account statement (excluding securities transactions, which are covered by transaction confirmations as stated above) within five (5) days after Your receipt of the statement. We are entitled to treat the information contained in the Account statement as accurate and conclusive unless you object within five (5) days of receipt. In all cases, we reserve the right to determine the validity of your objection to the information contained in the Account statement.
