PRECIOUS METALS TRADING AGREEMENT - - Precious Metals Trading ¢  DIJLLAHJEWELLERY¢â‚¬â„¢FZCO¢â‚¬â„¢

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    DIJLLAH  JEWELLERY  FZCO   M-­‐  24,  Mezzanine  Floor,  Gold  Centre,  Deira,  Dubai  –  UAE  P.O.    Box  95442,  

    Tel:  +9714  2262115  (Office)  |  +9714  2767525  (Dealing)  |  Fax:  +9714  2262373  |  Reuters  Dealing  Code:  DIJL  

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    PRECIOUS  METALS  TRADING  AGREEMENT     This  agreement  is  made  on                 Between:     Dijllah  Jewellery  FZCO     (Hereafter  referred  to  as  DJFZ)      

    And      

    “Insert  name  of  Customer”       (Hereafter  referred  to  as  “The   Customer”)    

      And  is  subject  to  the  following  terms  and  conditions  as  set  out  below.       This  Agreement,  which  incorporates  DJFZ’s  standard  terms  of  business,  governs  all  transactions  relating  to   Precious  Metals  Transactions,  in  as  much  as  they  support  the  hedging  of  physical  precious  metals  (each  a   “Transaction”)  between  DJFZ  and  the  Customer.  This  Agreement  and  the  terms  and  conditions  contained   therein  and  the  Annexes  attached  to  this  Agreement  supersede  and  replace  the  terms  of  any  previous   written  agreement  between  DJFZ  and  the  Customer.       1)   Customer’s  Declaration  and  Experience     a)   Unless  it  states  specifically  and  to  the  contrary,  The  Customer  hereby  warrants  and  represents  that  

    the  Precious  Metals  and  Related  Accounts  provided  by  DJFZ  to  the  Customer  are  to  be  used  for  the   sole  purposes  of  physical  bullion  trading  and,  or,  the  hedging  of  physical  inventory  and  any  such   accounts  are  not  being  used  for  speculative  financial  trading  activities.  

      b)   The  Customer  warrants  and  represents  that  it  enters  into  each  Transaction  in  reliance  only  upon  its  

    own  judgment.  The  Customer  acknowledges  and  understands  that  DJFZ  does  not  provide  advice  as   to  whether  or  not  the  Customer  should  enter  into  any  Transaction.  The  Customer  should  not  regard   any  views  or  opinions  given  by  DJFZ’s  employees  or  representatives  as  being  investment  or  trading   advice.  DJFZ  shall  have  no  liability  whatsoever  for  any  view  or  opinion  expressed  to  the  Customer  by   DJFZ’s  employees  or  representatives  regardless  of  whether  such  views  or  opinions  are  expressed  at   the  specific  request  of  the  Customer.  

      2)   Initial  Positive  Account  Balance  before  Trading     a)   Prior  to  executing  any  Transactions  under  this  Agreement  the  Customer  will,  unless  otherwise  

    agreed  with  DJFZ,  make  an  Initial  Down  Payment  to  DJFZ  of  cash  and,  or,  other  assets  which  may  be   acceptable  at  DJFZ’s  sole  discretion,  in  order  to  establish  a  positive  Account  Balance  in  favor  of  DJFZ   before  the  Customer  enters  into  a  Transaction.  DJFZ  may  accept  or  refuse  any  cash  or  non-­‐cash   assets  at  its  sole  discretion  and  these  may  be  subject  to  whatever  additional  documentation  and   other  arrangements  as  may  be  required  from  time  to  time.  

      3)   Account  Interest     a)   At  its  sole  discretion  DJFZ  may  pay  Interest  to  the  Customer  on  Accounts  held  at  DJFZ,  and  DJFZ  may  

    require  the  Customer  to  pay  Account  Interest  to  DJFZ.    For  the  sake  of  clarity,  any  Account  Interest   shall  accrue  on  a  daily  basis  and  be  capitalized  by  DJFZ  and  credited  to  or  debited  from  the  relevant   Account  Balance  on  a  monthly  basis,  or  at  an  alternative  and  mutually  agreed  period.  Interest  may  

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    DIJLLAH  JEWELLERY  FZCO   M-­‐  24,  Mezzanine  Floor,  Gold  Centre,  Deira,  Dubai  –  UAE  P.O.    Box  95442,  

    Tel:  +9714  2262115  (Office)  |  +9714  2767525  (Dealing)  |  Fax:  +9714  2262373  |  Reuters  Dealing  Code:  DIJL  

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    also  be  charged  by  DJFZ  on  any  overdue  sums  due  to  DJFZ  and  such  interest  may  be  debited  as   Account  Interest.    

      b)   DJFZ  understands  that  some  clients  for  cultural  and,  or,  religious  reasons  may  request  that  Accounts  

    held  at  DJFZ  are  to  be  Non-­‐Interest  Bearing  and  DJFZ  may  at  its  sole  discretion  agree  to  such  a   request.  However  such  agreement  by  DJFZ  shall  not  mean  that  the  Customer’s  Accounts  held  at  DJFZ   will  be  free  of  charges  that  may  apply  from  time  to  time.    

      4)   Account  Maintenance  Provisions     a)   An  Initial  Down  Payment  Percentage  is  set  by  DJFZ  at  its  sole  discretion  and  is  set  out  in  Annex  No.  1.  

    The  Customer  may  at  any  time  request  from  DJFZ  a  schedule  of  the  Initial  Down  Payment   Percentage  applicable  at  that  time.  The  Customer  may  not  open  a  new  position  unless,  immediately   thereafter,  the  Customer  Equity  will  be  at  least  equal  to  the  aggregate  of  the  Initial  Down  Payment   Percentage  required  to  cover  all  open  positions.  For  the  sake  of  clarity,  this  may  require  the   Customer  to  make  additional  Down  Payments  to  support  existing  open  positions  even  though  the   Customer’s  Equity  has  not  fallen  below  the  Call  Level.  

      b)   In  the  event  that  the  Customer  Equity  should  fall  below  the  Call  Level,  DJFZ  may,  but  is  not  be  

    obliged  to,  request  the  Customer  to  provide  additional  Down  Payments  to  the  extent  that  is   required  to  make  the  Customer  Equity  equal  to  the  Required  Initial  Down  Payment  Percentage.  Such   payments  must  be  provided  to  DJFZ  in  cash  and  in  cleared  funds  by  close  of  business  for  transactions   in  the  relevant  currency  on  the  Business  Day  following  DJFZ  making  such  a  request.  Receipt  of  such   payments  will  only  be  confirmed  when  funds  have  been  received  in  the  Customer’s  account  held  at   DJFZ,  however  DJFZ  may  at  its  sole  discretion  accept  an  authenticated  bank  payment  order  as  proof   of  payment.  In  certain  circumstances,  the  Down  Payment  may  be  provided  in  the  form  of  other   assets  acceptable  to  DJFZ  at  its  sole  discretion  on  such  terms  as  to  timing  and  delivery  as  may  be   agreed.  

      c)   In  the  event  that  the  Customer  Equity  falls  below  the  Close-­‐Out  Level  DJFZ  is  entitled,  but  not  

    obliged,  to  take  whatsoever  action  it  considers  appropriate  in  order  to  protect  its  interests.  Such   actions  may  include,  but  will  not  be  limited  to,  the  Close-­‐Out  of  Transactions,  and  DJFZ  may  apply   any  Account  Balances  towards  any  amount  due  to  it.  In  relation  to  a  Close  Out:  

      i)   DJFZ  shall,  as  circumstances  permit,  u