Terms and Conditions

The following terms and conditions herein referred to as the “Agreement” are applicable to govern the use of the services, platforms, and channels of Seedbox Securities, Inc. and any and all brand names or trademarks supported by the same. The Seedbox Securities, Inc. Website, Mobile app, and other distribution channels are referred to as SSI Channels. The term “User(s)” refers to individual(s), corporation(s), duly authorized representatives or party/ies who is/are the the Account owner(s), has/have an interest in the Account(s), and consent(s) to be bounded by the terms of this Agreement. On the other hand, “the Firm”, Seedbox Securities, Seedbox Securities, Inc., SSI, shall refer to the Seedbox Securities, Inc. any and all brand names or trademarks supported herein.

General Provisions

By using the SSI channels, the user agrees to the terms and conditions set forth in this document. If the user does not agree to the terms, he/she will not be allowed to use any and all SSI channels.

Compliance with Regulations

References to the Securities and Exchange Commission (''SEC''), the Philippine Stock Exchange (''PSE'' or the ''exchange''), the Anti-Money Laundering Council (''AMLC'') and the Securities Clearing Corporation of the Philippines (''SCCP'') shall be deemed to refer also to their successors in interests and assigns.

Ownership and use of SSI Channels

Any and all SSI Channels, including all real time or other information and content as well as any software programs available on or through the SSI channels herein referred as ("Content"), are protected by intellectual property rights laws. With the exception of information obtained from third party providers, all right, title and interest in and to the SSI Channel and its Content are owned, licensed or controlled by SSI. The firm reserves the right to amend or withdraw any of the SSI Channel. SSI grants access to the SSI channels to the User exclusively for his personal, non-commercial, and lawful use. User agrees not to transmit, transfer, perform, broadcast, publish, reproduce, create a derivative work from, display or distribute, sell, license, rent, lease or otherwise transfer any Content to any third person (including, without limitation, others in User's company or organization) whether for direct commercial or monetary gain or otherwise without the prior written permission of SSI. Requests for such permission must be in writing and should be sent to: 4th Floor, Twin Cities Condominium, 110 Legazpi Street, Legazpi Village, Makati, 1229 Metro Manila

Account Opening

When opening an account in the SSI channels, the “Users” appoint SSI as their stockbroker and agree that all of the transactions made under the Account shall be governed by the laws, rules and regulations of the PSE, the SCCP, the SEC, the AMLC, the Foreign Accounts Tax Compliance Act (''FATCA''), the Data Privacy Act of 2012, and other government agencies and instrumentalities and customs and usages of the foregoing, and the following terms and conditions:

  1. Account Opening and Client Identification. An account may be opened for Users subject to the submission of the documents acceptable to SSI which includes minimum client information as required by regulators and/or institutions that govern and/or oversee the securities brokerage as well as other relevant issuances including but not limited to the Securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE), the SCCP, and the Anti Money Laundering Commission. The information provided by the Users will be subject to verification required by the same governing institutions mentioned above. All Accounts opened with the Company shall be covered by these Terms and Conditions and the terms and conditions indicated in the Company's signature card or any electronic equivalent and other account opening forms. Users will not be allowed to use any and all SSI channels if the user fails to provide enough information, fails any of the verification standards applied by the Firm, and if the users fails to provide satisfactory evidence of their identity. Users can also not be allowed to access SSI channels for whatever reason the firms consider fit which may include upholding the safety and security of the SSI channels as well as the proper functioning of these Channels. The signatures appearing on the signature cards and all electronic means of collecting signatures on any of the SSI Channels will be used to verify the said signatures at all times and for all purposes.

  2. Warranty of Information. Users represent and warrant that all data, information and documents provided or submitted pursuant to this Agreement, including the Customer Account Information Form (CAIF), are true, complete, current and accurate. Users undertake to update all of my information/records, particularly those indicated in my CAIF and submit documents in support thereof, at least once every two (2) years or upon your request. In case of any change in said information, including but not limited to the change of my status from ''non-U.S. Person'' to ''U.S.'' Person'', as defined under Foreign Account Tax Compliance Act (FATCA) of the United States of America, Users shall immediately inform and furnish SSI with all necessary supporting documents. In the absence of any change, SSI shall consider all the information in my Account as current until the Users update them. Users also hereby authorize you to conduct such credit or background checks to verify any information provided, and to ascertain their financial situation and investment objectives.

  3. Authority to Process and Share Information. Users hereby authorize SSU, its directors, officers and representatives and its subsidiaries/affiliates to process, obtain, collect, record, organize, store, update, modify, use, access, and/or share/disclose within the Seedbox Group and/or third party service providers that the Company may engage in the conduct of its business in providing services to its clients, with corresponding duty to keep such information/data/opinion confidential, without prior notice to me/us, relevant Account information/data/opinion pertaining to me/us, including but not limited to personal circumstances, privileged information, sensitive personal information, as defined by R.A. 10173, information in the CAIF, Account opening, Account balances and any and all other information pertaining to all of my Account/s now existing or which may hereafter to be opened, whether or not assigned as collateral, which authorization/consent in favor of the Company and/or Seedbox Group is sufficient and in accordance with all bank deposit secrecy laws, including but not limited to, R.A. 1405 or the Law on Secrecy of Bank Deposits, R.A. 6426 or the Foreign Currency Deposit Act and R.A. 8791 or the General Banking Law, as well as R.A. 10173 or the Data Privacy Act of 2012 and other confidentiality laws and its amendments enforced or which may hereinafter enforced. The absence of any written notice to the contrary shall be deemed by the Company as a continuing authorization and/or consent by the Investor as given hereto.

    ***I am allowing you to disclose my/our name/s to the SEC and its Self-Regulatory Organization such as PSE and CMIC, if said information is requested by them in the course of an investigation, examination, official inquiry or as part of the surveillance procedures or compliance with other pertinent laws. Further, I am allowing you to process and share the information/ details collected from me in setting-up Name on Central Depository for my sub-account with PDTC. I likewise acknowledge and agree that in the conduct of its business of providing services to its clients, including the Investor(s), the Company may engage the services of third party service providers, including but not limited to the Company's subsidiaries, affiliates, agents, and other persons or entities which the Company may reasonably select, who may be given access to and/or provided with information in connection with or relative to the Investor and Investor's Account, with corresponding duty to keep such information confidential. As such, the Investor authorizes the Company to give access to and/or provide such information as the Company may deem necessary to such third party service providers. By availing of the Company and Seedbox Group payment channels, which may include but not limited to electronic or over-the-counter methods, I authorize and give my consent for you to disclose my Account number and Account name and any other relevant details to Seedbox Securities Inc. and/or other banks and government institutions for record-keeping purposes only.

  4. AMLA Compliance: In relation to R.A. No. 9160 also known as The Anti-Money Laundering Act of 2001, as amended by R.A. 9194 (''AMLA'') and international anti-money laundering laws and regulations, I authorize you to disclose to local and/or international government entities, Company's subsidiaries and affiliates and to its local and/or foreign correspondents, information which shall include but not limited to, the following personal information, i.e. birthdate, birthplace, employment, profession, business, contact numbers, address and date when investment or placement was established. The foregoing includes my authority in favor of the Company, and Company's own authority, to supply any supporting transaction documents, when required by any of these entities. If I am engaged in Money Services Business (MSB), I likewise authorize you, the Company and/or its authorized representative/s to conduct audit/inspection/examination on me, at my expense, including but not limited to the my business operations, types of customers and customer profile, distribution channel, jurisdictions which I am exposed to, my business' Anti-Money Laundering and Combating the Financing of Terrorism (AML/ CFT) program and measures, and compliance with all applicable AML/ CTF laws, rules and regulations, and to verify/check if all the information/ data and documents, representations, certifications and declarations made and/or provided by me or my business to you, the Company, are true, correct and accurate. This authority applies as well to the audit/inspection/ examination on me as may be required by any or all applicable AML/CTF laws, rules and regulations and/or by the relevant regulatory agencies/bodies/authorities. I shall provide you with, and allow you to have access, to any and all information, records and documents, as may be necessary or required by you and/or its authorized representative in connection with the conduct of the said audit/inspection/examination.

  5. FATCA Compliance: In relation to the FATCA of the United States of America, the Investor hereby undertakes to inform the Company in writing of any change in its/his/her/their initial declaration in the Company's CAIF and other accompanying forms, on whether or not he/she/they is/are a U.S. Person. Any information that will affect the accuracy of such declaration should be reported to the Company within thirty (30) calendar days from the occurrence of such change. Further, the Investor hereby acknowledges that the Company shall operate the Account on the basis of such declaration. In the event that the Company discovers that the Investor is a U.S. Person, the Company, its subsidiaries and affiliates, are hereby absolutely and unconditionally authorized to report and disclose to U.S. Internal Revenue Service the required information. The Investor releases and holds the Company, its directors, officers, staff, representative and/or agent, free and harmless from any liabilities, suits, actions, losses, and/or damages that may arise out of such disclosure.

  6. Buy and Sell Orders: Any order made by me for the purchase or sale of securities shall be binding on me (i) upon making the order online through the Website, any electronic means via application and similar technologies you use, verbally (whether in person, through the telephone or other similar means), in writing (by fax, by telex or by e-mail), through the Short Messaging Service (SMS or text), other electronic means of communication like chat groups, chat application that are facilitated through the internet or similar technology or through an authorized person, and (ii) upon receipt of confirmation notice duly signed by your authorized officer or sent through the Website. You may rely or act upon such orders, and you shall not be liable for any loss or damage suffered by me, provided that you act in good faith. You require that the net value of the securities I order to be purchased be within the total of my cash deposit and approved credit limit on my first trading transaction before your execution of the order, or in the case of securities to be sold, I understand that you require advance delivery of securities duly endorsed and cleared by the transfer office before your execution of the sell order. In the event a sell order is intentionally or inadvertently accepted and executed without the required stock certificates deposited in my Account, I agree to immediately deliver to you the securities sold in good deliverable and negotiable form. I am responsible for any losses or expenses incurred by you as a result of my failure to make such delivery. In order to complete my short sale, you may need to borrow the security(ies) I sold and did not own. I will be subject to a buy-back of the security for my Account and at my expense. If the securities are bought in, I will be responsible for any resulting losses and all associated costs incurred by you. The proceeds of all sales will be retained in my account unless I request otherwise. In the event the remittance of proceeds shall be made to an Account outside of the Philippines, I hereby authorize the Company to convert such proceeds in the foreign currency of my choice. The Company may source the funds within or outside the Philippine banking system, as may be allowed by law. All remittance and conversion charges shall be for my Account. You shall have the right, whenever in your sole or exclusive discretion, and whenever necessary for your protection, in the event that: (i) a petition for bankruptcy, or for appointment of a receiver is filed by or against me, or (ii) an attachment is levied against my Account(s) with the Broker: (x) to close any or all outstanding orders, as well as, to sell any or all securities in my Account, (y) to transfer money or securities from any one of my Account(s) to another, and (z) to buy any or all securities which may be short in such Account(s), all without the need of notice or demand for margin, additional security or collateral, or notice of sale or purchase, or any other notice or advertisement, all of which are hereby waived. Any such sales or purchases may be made at your discretion and you may be purchasers or sellers for your own Account. Notwithstanding the foregoing, I shall, at all times, be liable for the payment of any amount owing on my Account(s) with you upon demand and that I shall be liable for any deficiency remaining in any such Account(s) in the event of the liquidation thereof in whole or in part by me or by you. For the purpose of buying, selling, or performing other acts pursuant to the above paragraph, I hereby irrevocably appoint you, your successors or assigns, as my attorney in fact with power to buy, sell or act, for any of my Account(s) (whether carried individually or jointly with others), to agree upon the price of said securities, execute bills of sale, receipts, assignments of all my rights, title and interest to the purchaser(s) thereof. You are also authorized to deliver or accept delivery of the corresponding stock certificates and/or any portions of the securities held under any of my Account(s) (whether carried individually or jointly with others) and herein pledged, to be transferred to your name or your nominee. I understand that you maintain a ''Customer First'' policy. When you execute buy or sell orders for your own Account, you will prioritize my orders.

  7. Fees and Charges: I agree to pay the then current fees and charges upon my purchase and sale of securities. In case of remittance of proceeds overseas, I also agree to pay additional service fees. I acknowledge and agree that such commission rates and fees are subject to change at any time, with reasonable notice by posting such notice on the Website or by other means, and I agree to be bound thereby. Current fees and charges are listed on Annex A.

  8. Trading Periods: I understand that currently, the PSE pre-open period is from 9:00 a.m. to 9:15 a.m., that the trading session is from 9:30 a.m. to 11:59 a.m., with a market recess from 12:00 p.m. to 12:59 p.m.., and the market resumes at 1:00 p.m The pre-close period is from 2:45 p.m. to 2:48 p.m., and the runoff period is from 2:50 p.m. to 3:00 p.m., Philippine time. These may change to any other periods that the PSE may otherwise prescribe. Orders given by me outside of these PSE periods (off-hours) shall be queued and posted on the next pre-open period on a first-come-first-served basis.

  9. Risks: I am aware that all investments involve risk. In particular, investments in low priced securities, initial public offerings, or options may entail an increased risk of loss and may not be suitable to all investors. Losses may exceed the principal amount I invested. Additionally, the performance of a security does not guarantee future results or returns. I understand that all of my orders are based upon my investment decisions and are unsolicited and my sole responsibility and I will not hold, nor seek to hold you or any of your officers, directors, employees, agents, subsidiaries or affiliates, liable for any trading losses, foreign exchange losses or other losses incurred by me.

  10. Confirmations, Account Statements and Other Notices.I agree to accept confirmation of purchases and sales, and receive statements of my Account and other Account information and related documents through my SMS-enabled mobile phone, other electronic means of communication like chat applications that are facilitated through the internet or similar technology, mail to my postal address or electronic mail (''e-mail'') address or at any such other contact details as I may hereafter give to you in writing or by e-mail or through the Website. If I am a user of the Online Trading Facility, I agree to accept/receive the above mentioned documents electronically through the Website (exemptive relief from SRC Rule 30.2-2 granted on 23 January 2009). Confirmation of purchases and sales, and statements of Account, sent electronically or through any of my abovementioned addresses will be deemed sufficient delivery and shall be binding on me in the absence of any written objection received by you within 24 hours from the time confirmation and statements of Account were sent to me. It is understood that in the event of any failure to notify you in writing of any change of SMS-enabled mobile phone, mailing or e-mail address, all communications shall be directed to my last known SMS-enabled mobile phone, postal address or e-mail address appearing in your records. All communication so sent, whether by SMS, mail, e-mail, telegraph, telephone, fax, messenger, posted on the Website or delivered otherwise shall constitute personal delivery to me and be deemed delivered and received by me whether actually received/read or not. In the same manner, all notices sent by me, whether by mail, e-mail, text message/s via SMS, telegraph, telephone, fax, and/or other medium duly registered with you shall constitute personal delivery by me to you, and shall be deemed valid, subject to further verification/confirmation by the Company.

  11. Settlements. It is agreed that all securities purchased will be settled not later than 11:00 a.m. of the third trading day after transaction date, or the Settlement Date It is further agreed that interest charges at the prevailing interest rate and penalties irrespective of their origin, including those that may be incurred by you shall be imposed for each day of my delayed payment and such securities purchased shall be registered in your name until such time that it is fully paid. In the event of my failure to pay, any upward or downward fluctuation in the market price shall be for my Account and at my risk, until actually sold or disposed of. It is understood that the securities market is a rapidly changing market and attached are the inherent risks of incurring losses in securities transactions. Therefore, I hold you free and harmless against any and all costs, losses, damages, fines, penalties, and taxes which may arise out of the exercise of your powers and functions duly authorized. Furthermore, you are authorized at your own discretion to sell all or a portion of my securities which I guarantee to be free from any and all liens and encumbrances to cover unpaid orders or balances, without prejudice to your right to collect the remaining liability after the sell-out. All orders for the purchase of securities will be on cash basis unless T+3 settlement or margin trading is explicitly approved by you. My Account must contain sufficient funds to cover the purchase price of the securities, your commission, and all the applicable costs attributable to me as the buyer. Any order inadvertently accepted and executed without sufficient funds in the Account will be subject to cancellation or liquidation at your discretion. I am responsible for all of my orders. I acknowledge that my trading activities are strictly limited to the funds available in my account. I understand that I cannot engage in trades or transactions that exceed the balance or available funds in my account. This limitation is essential for maintaining financial responsibility and ensuring that my trading activities align with the available resources in my account. I will be liable for any resulting losses and all associated costs incurred by you.

    In case of remittance of proceeds to an Account outside of the Philippines, I acknowledge and agree that the remittance advise of the Company that the funds are with my custodian bank will be in full compliance with the provisions on settlement periods in this Agreement.

    You will receive dividends on my behalf, and will credit my Account or issue a check within 30 days after the payable dates. I will be notified of any subscription rights received by you for my Account. I agree that all of your payments will be made to the exact registered Account name.

  12. Collateral: Any and all securities or contracts relating thereto, now or hereafter held or carried by you in any of my account(s) (either individually or jointly with others), are to be held by you as security or collateral for the payment of any liability to you, your parent company, subsidiaries, affiliates and other related companies, in any of the said account(s), with the right on your part to transfer moneys or securities from any one account(s) to another when in your sole and exclusive judgment, such transfer may be necessary; and all such securities and commodities may, from time to time, and without notice be pledged and re-pledged by you, either separately or in common with other securities or commodities, for any amount due upon my account(s), without you retaining in your possession or control for delivery a like amount of similar securities or commodities. You are specifically authorized to lend, either separately or with other securities, to yourself or to others, any of my securities held by you as collateral for all my liabilities to you.

  13. Investment in Funds and other pooled investments. Subject to applicable laws and regulations, I may invest in mutual funds, unit investment trust funds, or any other pooled investment schemes available for subscription in your platform. In case I wish to invest in said funds, the I, hereby, agree: (i) to complete all documentation required; (ii) to be bound by the terms and conditions of each fund, including those governing subscription and redemption; (iii) to pay all fees in relation to the investment in the funds; and (iv) that all references to the word “securities” in this Agreement shall be deemed to include such funds, all references to “buy”, “buying”, and “purchase” of such securities shall be deemed to include subscription to such funds, and all references to “sale”, “sell”, and “selling” of such securities shall be deemed to include redemption of such funds.

  14. Inactive or Dormant Account: At your sole discretion, you may impose charges, amount of which is reasonable, against my Account to cover maintenance costs in the event that my Account is classified as Inactive, or has no trading transaction(s) for more than one (1) year. If my Account is classified as Dormant, or has no trading transaction(s) for more than three (3) years, you have the right to (a) uplift securities (in order to obtain physical certificate(s)) at my expense, and if needed, (b) sell-out enough securities to pay for: maintenance costs owed to you, upliftment charges, mailing costs and other expenses, and (c) return the certificates and remaining funds to me through any of my last known addresses. Should any or all of these foregoing measures fail, I agree that you will then (d) turn over the assets remaining in my Account to the SEC (as per SRC 52.1-8F) or (e) do otherwise as instructed by regulators.

  15. Void Transaction: You are authorized to void this contract without prior notice or to cease contracting business with me for reasons including, but not limited to, my delinquency in settling Accounts or failure to deliver shares sold within prescribed deadlines.

  16. All money, securities, and other assets of every kind payable or deliverable under joint account may in the event of death be paid or delivered to the survivor (as joint tenant) and it is hereby authorized that same be so paid, or the survivor may transfer the account to himself/herself, upon his/her own signature and the production of a written notice and properly certified death certificate of the deceased party.

    1. Any joint owner without the right of survivorship account as specified agrees that, upon the death or disability of either party, the survivor shall immediately provide written notice of such event to you within twenty-four (24) hours. All transactions thereafter affecting a non-survivorship account must be at the joint discretion and upon the joint signatures of the legal representative of the affected party and the survivor. You shall not be liable for transfers, payments or other transactions that occur in my account prior to receipt of such written notice. You shall be held harmless and free from any liability by reason of your compliance with any notice or direction mentioned in this paragraph.

  17. Indemnification. I hereby release and hold you, the Company, its directors, officers and staff and/or Seedbox Group, its directors, officers and staff, free and harmless from any liabilities, suits, actions, losses, penalties and/or damages that may arise out of my transactions with you, including but not limited to, request for release of funds in ''or'' and/or ''and'' accounts and disclosure and authority as mentioned above and hereunder, including under FATCA, AMLA, Data Privacy Act of 2012 and other laws and regulations requiring processing/sharing/disclosure of information and its authority to process/share/disclose information related to me and my Account(s) and information sent to you through e-mail and/or by electronic means and undertakes to indemnify you, the Company, its officers, directors, employees, agents, representatives, assigns, successors-in-interest, for any and all costs, penalties and expenses that the latter may incur in prosecuting and/or defending against any and all liabilities, demands, claims, actions, suit, losses or damages whatsoever that may be instituted arising from or connected from my transactions, request for release of funds in ''or'' and/or ''and'' Account and process/sharing/disclosure of information.

  18. Liability on Phishing, Spoofing and Pharming: I understand that my Account may be compromised through phishing/spoofing/pharming that will enable unauthorized person(s) to withdraw money/transfer funds from my Account. I acknowledge my indispensable role in protecting myself from becoming a victim of phishing/spoofing/pharming. In view thereof, I undertake not to disclose to anyone my account through any but not limited to the following means: a) Response to an email requesting his/her to divulge Account or personal information via a spoof or fake Company website; b) Use of e-mail or internet facility that has a virus/ malware infection which directs the user to a fraudulent website despite typing in a correct and legitimate website address and through which Account or personal information has been provided.

    I agree that I shall be held wholly and solely liable for any and all withdrawals from my account using my Account information through phishing/spoofing/pharming (or similar cyber-crimes). I further agree to indemnify and hold free and harmless the Company, its subsidiaries and affiliates, as well as any of its officers, directors and employees against any and all losses, claims, damages, penalties, liabilities related to these.

  19. By sharing my bank account information with Seedbox and its related subsidiaries:I confirm that I am the rightful owner of the provided information. I further verify the accuracy of the details provided and absolve Seedbox from any responsibility for errors in crediting resulting from inaccuracies in the data I have provided, thus holding Seedbox harmless.

  20. Authority To Hold/Debit/Freeze the Account/s:I understand and agree that you, the Company, may be authorized by a lawful order of a competent court, without notice to or prior consent of Investor, to hold/debit the Account(s) in case of erroneous transaction, fraudulent acts of whatever nature including but not limited to misrepresentation, the submission of false, forge, or misleading documents or information and similar transactions.

    In case the Company receives any information or notice of any conflict among the Account holders, authorized signatories, officers, directors, shareholders and/or other persons claiming interest, involving the Account, I agree that the Company may freeze/hold the Account until it is satisfied that the conflict has been resolved judicially or extra-judicially or is in receipt of a court order directing the Company to release/dispose the funds in favor of the Account holder(s) or to any person lawfully designated by the court. In such a case, the Company will notify me or the Account holder(s) either by phone or in writing at my/his/her designated contact information.

  21. Closing of Accounts: I hereby authorize the Company to close any of my Accounts, without need of prior notice to and consent from me, in case my Account is mishandled, misrepresented matters concerning my identity, nature of business and/or any other pertinent information, the Account is used for illegal activities or in any other event when the continuation of the Account is not in the best interest of the Company, or as may be required by law(s) or regulation(s).

    In an event of closure or termination by reason of my misrepresentation, the Company shall issue a cashier's check for the balance of my Account. In an event of closure by reason of illegal activities, the Company shall only release the balance of my Account from a lawful order of a competent court.

    The Company shall send by registered mail or e-mail to my last known address or e-mail address indicated in the Company's records, notice of the closure/termination of the Account and stating the reason(s) thereof and the manner for me to claim or obtain from the Company the balance of my Account, if any, and an instruction to submit or return to the Company the original copy of the investment/stock certificate in my possession, if any.

    However, in case of a Company-initiated closure due to, but not limited to, opening of fictitious Account, submission of falsified/fake documents, misrepresentation, etc., the Company shall be entitled to hold the release of the funds unless and until the Investor has submitted valid, legal and acceptable documents proving that he/she is entitled to the funds in the closed Account.

  22. Force Majeure: I agree that you will not be liable to me for any delay or failure to perform any obligation on your part, or for any loss or damage caused directly or indirectly by any condition or circumstance over which you do not have control, including but not limited to government restriction, exchange or market rulings, suspension of trading, failure of internet service, electronic or mechanical equipment or communication lines, telephone or other interconnection problems (e.g. if you are unable to access your online service provider), unauthorized access, theft, operator errors, severe weather, earthquakes, floods and strikes or other labor problems, war (whether declared or not), invasion, insurrection, military coup, commotion or usurped power, or by order of any civil authority, or other causes beyond your control.

  23. Death: If you, in the event of death of either party to my common Account, and in reliance upon this instrument, deal with or in any manner pay, deliver to, credit or trust either party to such common Account, any and all deeds and things done or suffered by or for either party to such account or in their names and on their behalf shall, as to you, be binding upon the parties to such common Account, their representative(s) assign(s), heirs and successors-in-interest. Further, I agree that in case of my death or the death of my co-Account holder, I and my Account will be subject to your policies.

  24. Litigation: It is agreed that in the event of any controversy or litigation arising out of this Agreement, your books shall be final and conclusive evidence of the amount due to you. You shall be entitled to reimbursement for all actual expenses of litigation as well as attorney's fees and cost of suit, all of which shall be in amount equivalent to not less than twenty five percent (25%) of the total amount of my indebtedness then outstanding to you. Venue for litigation shall be in the proper courts of Makati, and I hereby waive any other applicable venue.

  25. Invalidity: If any provision in this agreement shall be held unenforceable by any court or self-regulatory agency, the invalidity shall be limited to such provision while other remaining provisions shall not in any way be affected.

  26. Revocation: This agreement shall continue until a signed notice of revocation is received by me or from me, and in the case of such revocation, it shall continue to be effective as to transactions entered into prior thereto. I understand that you may at any time, at your sole discretion and without prior notice to me, prohibit or restrict my access to the use of the Website or related services and my ability to trade. The closing of an account will not affect the rights and/or obligations of either party incurred prior to the date that the account is closed.

  27. Amendment: You shall be entitled to modify the terms of this Agreement, in whole or in part, with advance notice through the Online Trading Facility or in writing. Reference to these ''Terms and Conditions'' and to any particular condition, in these ''Terms and Conditions'' shall be interpreted to mean these Terms and Conditions or that particular condition respectively, as changed from time to time in accordance herewith. For amendments to the Terms and Conditions, specifically for the imposition of service charges/fees or changes in commission rates, I understand that the change(s) shall take effect at least sixty (60) days after due notice has been given to me through the Website, through email or at my last known address. Information by regular mail, statement of account messages, electronic mail, fax, Website information, courier delivery and/or other alternative modes of communication shall be considered sufficient notice. And my failure to manifest or register my objection to the change(s) in writing within thirty (30) days from receipt of the notice or knowledge of the change(s) shall be deemed to constitute acceptance of such changes.

  28. Customer Complaints. For any concern/ complaint on my account, the Company can be reached through the following:

    E-mail:  ssi.governance@seedbox.ph

    The Company shall then conduct an investigation in accordance with its established procedures and shall notify me of its findings. The findings of the Company shall be final and conclusive.

  29. Effectivity. This Agreement shall take effect upon the date of signing, as indicated below. This Agreement shall insure in favor of your successors and assigns and shall continue until a signed notice of revocation is received.

  30. When clients initiate withdrawals from Seedbox Maya Stocks, the crediting process will take a minimum of T+2 or potentially longer.

  31. System Usage Fee. Users of the Seedbox Maya Stocks will be charged a non-usage fee of 0.20% on any unused funds when making a withdrawal. This fee will be applicable to the remaining funds that are not utilized for trading activities. The non-usage fee will be deducted from the user's account balance at the time of withdrawal.

I shall be deemed to have read, understood and agreed to be bound by these Terms and Conditions.