Online Service Trading Agreement

Online Trading Facility. The Terms and Conditions for the Online Trading Facility are incorporated by reference herein and are made an integral part of the general Terms and Conditions as if fully set forth herein:

I acknowledge that the Online Trading Facility and the Website, including the software and other contents thereof, are proprietary to you. I warrant and undertake that I shall not nor attempt to tamper with, modify, decompile, reverse engineer or otherwise alter in any way, or attempt to gain unauthorized access to any part of the Online Trading Facility or Website or any of the contents thereof. I also undertake to immediately notify you if I become aware of any actions described above being perpetrated by another person or entity.

I agree that, as a condition of using your Online Trading Facility, I shall notify you within twenty-four (24) hours if:
1. I placed an instruction through the Online Trading Facility and I do not receive an accurate acknowledgement, in any acceptable form, of my instruction or its execution;
2. I receive acknowledgement, in any acceptable form, of a transaction which I did not instruct or any similar occurrence; or if
3. I become aware of any unauthorized use of my access code.
I acknowledge and agree that if I fail to immediately notify you when any of the above situations occur, you will not have any liability to me, or to any other person whose claim arises from me.

I acknowledge that I am solely responsible for any and all orders placed electronically in my Account(s). Any investment decision that I make or investment strategy that I utilize is done so at my sole discretion and at my own risk. I understand that you provide no tax, legal or investment advice of any kind, nor give advice or offer any opinion with respect to the nature, potential value or suitability of any particular securities transaction or investment strategy. I further understand that while I may be able to access financial or investment information or services through your Online Trading Facility, the availability of such information does not constitute a recommendation to buy or sell any of the securities discussed therein, or utilize any investment strategy. Any investment decisions I make will be based solely on my own evaluation of my financial circumstances and investment objectives. Any order entered using my password is mine. If third parties gain access to your services, including my Accounts, I will cooperate in defending and indemnifying you against any liability, costs or damages arising out of claims or suits based upon or relating to such access and use.

I am responsible for knowing the rights and terms of all securities in my Account(s) and for monitoring the occurrence of any reorganizations or other events (e.g. stock splits and reverse stock splits) involving my securities. I acknowledge that certain securities may grant me valuable rights that may expire unless I take action on these rights. I understand that, except as required by law, you are not obligated to notify me of reorganizations or other events affecting the rights granted by my securities or, without specific instructions from me, to take any action on my behalf with respect to such events.

For expediency, I understand that I have an option to open a Trade Settlement Account with Seedbox Securities Inc. and enroll in the “Bills Payment facility”. In the event that I have an existing deposit Account with “Partnered Banks”, it may be designated as a regular and as a Trade Settlement Account at the same time.

I hereby waive my rights under existing laws to the confidentiality of bank deposits with regard to the funds in my Trade Settlement Account that I 'pledge' or earmark through “Bills Payment” to fund this Stock Brokerage Account with you. I explicitly allow Seedbox Securities Inc. to divulge information regarding this pledge and other requirements to you.

I am aware that pledges in my Trade Settlement Account are intended to fund this Stock Brokerage Account with you for my future obligations to you in connection with my purchases of securities, fixed income, mutual funds and similar products, any and all financial products that may be offered in the future, or other transactions done and services rendered. I understand that the release of my pledges can be requested through “Withdrawal Facility” and I further agree that I can not effect withdrawals thereon to the extent of the amount ''pledged'' in your favor without your prior approval.

I hereby authorize you to automatically debit my Trade Settlement Account as and when I purchase securities through you, or whenever I have any other amounts owing to you, in such amounts as may be necessary to fully settle my Account(s) with you, including without limitation the purchase price of securities purchased, commissions, taxes and other applicable fees, costs, levies or duties.

In case the deposit account I have designated as a Trade Settlement Account is a joint ''or'' account, I shall not hold you and/or Seedbox Securities Inc. liable for any action made by the other party in a joint ''or'' settlement account resulting from debit entries against the said account related to online trading.

I understand that I will be allowed to purchase equities, fixed income securities, mutual funds or other products, up to the pledged amount in my Trade Settlement Account and any clear funds I have with Seedbox Securities Inc.. I also understand that you have the option to credit to my Trade Settlement Account the proceeds of my stock/fixed income securities/mutual funds/other product sell transactions, cash dividends, maturities, etc.

I shall abide by the internal procedural policy of Seedbox Securities Inc. with regard to posting priority of bank transactions to my designated Trade Settlement Account.

I understand and agree that you have the sole discretion to restrict trading on my Online Trading Facility or to cancel the same, at any time and without need of prior notice to me.

I understand that technical difficulties and malfunction are normal risks of an online trading facility and that you will not be responsible for the accessibility of, transmission quality, outages to, or malfunction of any telephone circuits, computer hardware or software (including viruses and bugs) or related/incidental problems.

I agree that you shall not be liable for my inability to use the Online Trading Facility or for the access of the Website due to any unauthorized actions or transactions using my customer ID and password, or for any other cause beyond your control.

I agree that you reserve the right to suspend service and deny access to the Online Trading Facility, without prior notice, during scheduled or unscheduled system maintenance, repairs and upgrades. I also agree that you have the right to modify or enhance the Website or any of its pages and features at your sole discretion and without prior notice.

I understand that the Internet service for the Online Trading Facility is provided on a best-efforts basis by third party Service Providers. Since you are not the provider of the Internet Service, you shall not be liable for performance, acts, or omission of the said Internet service. Reasonable care and diligence has been taken by you in the choice of your Service Providers for the Online Trading Facility. However, there can be no assurance about the performance and availability of such facility through the Internet, and no such assurance is hereby made, and no assurance shall be deemed to have been made by you by virtue hereof.

I understand that entering an order with you, including market orders, does not guarantee execution of the order, and I agree that you shall not be responsible for any order that is not executed. I understand that you have the right to break any executed transaction on the grounds that it was, in your opinion, ''clearly erroneous''. You shall not be deemed to have received any order electronically transmitted by me until you have actual knowledge of such order. When I place a request to cancel an order, the cancellation of that order is not guaranteed. My order will only be canceled if my cancellation request is received by the Philippine Stock Exchange and tallied with my order before my order is matched up or executed. During market hours, it is rarely possible to cancel my market order as market orders are subject to immediate execution. I will not assume that any order has been executed or canceled until I have received a transaction confirmation from you via the Website.

I am aware that you, from time to time, receive late reports from the exchange reporting the status of transactions. Accordingly, I may be subject to late reports related to orders that were previously unreported to me or reported to me as being expired, canceled, or executed. In addition, any reporting or posting errors, including errors in execution prices, will be corrected to reflect what actually occurred in the marketplace.

For use of the Online Trading Facility, I will create a password to enable me to place orders and access Account information through the Website. I am the sole and exclusive owner and the only authorized user of such a password and accept sole responsibility for use, confidentiality and protection of the password as well as for all orders and information changes (i.e., Account profile changes such as change of address, etc.) entered into my Account using such password. Any Account profile change is as good as if I signed it on my original Customer Account Information Form (CAIF). I shall be liable for all transactions placed through the Online Trading Facility resulting from the use or misuse of my password. I accept full responsibility for the monitoring and safeguarding of my Account(s). I will immediately notify you in writing, delivered via e-mail and registered mail, if I become aware of any loss, theft or unauthorized use of my password and Account number; or any failure by me to receive a message from you indicating that an order was received and executed; or any failure by me to receive an accurate written confirmation of an execution; or any receipt by me of confirmation of an order and/or execution which I did not place; or any inaccurate information in my Account balances, securities positions, or transaction history. You shall not be liable for any transaction or losses from my Account despite receipt of my notice of loss or unauthorized use of my password if such transaction or loss occurred at or prior to the system tagging of my Accounts, or failure of the computer machine to register such notice of loss or for any reason whatsoever. If I forget my password, I must answer a challenge question online, and the system generated password will be sent to my registered email address. I will immediately change this password upon receipt.

You will accept any amendments to my Account profile as requested by me through my registered email address.

The risks attendant to the use of the Online Trading Facility shall be for my Account in as much as the use of the Online Trading Facility is electronically and system generated. I authorize you to make transactions in accordance with the order details received via the Online Trading Facility. You and your affiliates will not be liable for any consequential, incidental, special or indirect damage (including lost profits, trading losses, and damages) that result from inconvenience, delay or loss of the use of the Online Trading Facility even if you have been advised of the possibility of such damages. The use and storage of any information including, without limitation, the password, portfolio information, transaction activity, Account balances and any other information or orders available on my personal computer is at my own risk and is my sole responsibility. I am responsible for providing and maintaining the communications equipment (including personal computers and modems) and telephone or alternative services required for accessing and using the Website or related services, and for all communications service fees and charges incurred by me in accessing the Website or related services.

I understand that the PSE Data is copyright-protected. I agree not to frame or deep/direct link any information/webpage taken from the Website. This includes all information available to me before and after logging on to the Website.

Annex A

Fees and Charges

Buying of Shares of Stock

Fees and Charges	Peso Account
A. COMMISSION
1. Online Trading	0.25% of the gross value or Php20 per trade whichever is higher
2. Broker Assisted Orders	0.75% of the gross value per trade or Php150 per day of activity whichever is higher.
3. Value Added Tax	12% of the Commission
4. SCCP Charges	0.01% of the gross trade value.

Selling of Shares of Stock

Fees and Charges	Peso Account
A. COMMISSION
1. Online Trading	0.25% of the gross value or Php20 per trade whichever is higher
2. Broker Assisted Orders	0.75% of the gross value per trade or Php20 per day of activity whichever is higher.
3. Value Added Tax	12% of the Commission
4. SCCP Charges	0.01% of the gross trade value.
5. Sales Tax	0.6% of the gross trade value

Others (APPLICABLE TO PESO AND DDS ACCOUNT):

Upliftment (Certificate Request) Fee:
1. If the transfer office is a bank, Php 150.00 per certificate.
2. If the transfer office is a non-bank, Php 162.00 per certificate.
Lodgment (Certificate Deposit) Fee:
1. If the transfer office is a bank, Php 100.00 per issue plus Php 20.00 per certificate.
2. If the transfer office is a non-bank, Php 112.00 per issue plus Php 22.40 per certificate.
Transfer (Broker to broker) Fee: 1. Php 500.00 per company/stock.
Certification of Shareholdings Fee: 1. Php 50.00 per certification