IMPORTANT! ANY PERSON OR ORGANIZATION ACCESSING OR ATTEMPTING TO ACCESS THE ONLINE OR ELECTRONIC TRADING SERVICES OF AVS CARTER, MUST FIRST AGREE TO THE TERMS OF THIS AGREEMENT.

SUCH SERVICES SHALL INCLUDE ALL STATEMENT REVIEWS, NEW ACCOUNT ORIGINATION, INTERNET TRADING AND ELECTRONIC ORDER ENTRY AND REPORTS, MARKET, TRADING AND GENERAL INFORMATION, INCLUDING QUOTES, CHARTS, NEWS, AND SYSTEM INFORMATION, ALL CLEARING AND BACK OFFICE FUNCTIONS AND SERVICES, ALL SOFTWARE PROVIDED BY AVS CARTER TO USER ("SOFTWARE"), THE AVS CARTER WEB SITE, AS WELL AS ANY OTHER SERVICES THAT MAY BE ADDED FROM TIME TO TIME ("COLLECTIVELY REFERRED TO HEREIN AS "THE SYSTEM").

THIS AGREEMENT SHALL APPLY TO ANY PERSON OR ORGANIZATION WHO ACCESSES OR ATTEMPTS TO ACCESS THE SYSTEM, AS WELL AS ANY PERSON OR ORGANIZATION WHO BENEFITS FROM SUCH USE, INCLUDING BUT NOT LIMITED TO, USERS WHO BENEFIT FROM THE USE OF THE SYSTEM BY BROKERS ACTING ON THEIR BEHALF ("USER").

ALL LIMITATIONS OF LIABILITY AND DISCLAIMERS CONTAINED HEREIN SHALL APPLY TO THE SYSTEM REGARDLESS OF WHETHER OR NOT THE SYSTEM, OR ANY PART THEREOF, WAS DEVELOPED OR IS SERVICED OR SUPPORTED BY AVS CARTER. USE OF THE SYSTEM, OR USER'S SIGNED ACKNOWLEDGEMENT, INDICATES USER'S UNQUALIFIED ACCEPTANCE OF ALL OF THE TERMS OF THIS AGREEMENT. IF USER FINDS THIS AGREEMENT UNACCEPTABLE, IT SHALL NOT USE THE SYSTEM. AVS CARTER IS WILLING TO PROVIDE THE SYSTEM TO USER ONLY IF USER AGREES TO BE BOUND BY THE FOLLOWING TERMS

1.  User agrees that its use of the System is at User's own risk. User shall be responsible for providing and maintaining the means by which it accesses the System, which may include, without limitation, personal computer, modem and telephone, or other access line.

User shall be responsible for all access and services fees necessary to connect to the System and assumes all charges incurred in accessing the System. User further assumes all risks associated with the use and storage of information on User's personal computer. Executing Transactions Electronically. The Agreement and Transactions will be executed using electronic records and electronic signatures.

In the event of (a) the death or judicial declaration of in competency of Customer, (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, by or against Customer, or any one of the Customers if this is a joint account, (c) the filing of an attachment against any of Customer's accounts carried by AVS Carter, (d) insufficient margin as determined by AVS Carter in its sole discretion, or

AVS Carter determination that any collateral deposited to protect one or more accounts of Customer is inadequate, regardless of current market quotations, to secure the account, or (e) any other circumstances or developments that AVS Carter deems to require action necessary for its protection, AVS Carter is hereby authorized, according to its judgment and in its sole discretion, to take one or more or any portion of the following actions:

(1) satisfy any obligation Customer may have to AVS Carter, either directly or by way of guaranty or surety ship, out of any of Customer's funds or property in the custody or control of AVS Carter; (2) sell any or all forex contracts held or carried for Customer carried as a short position for Customer; and (3) cancel any or all outstanding orders, contracts, or any other commitments made on behalf of Customer. Any of the above actions

may be taken without demand for margin or additional margin, without prior notice of sale or purchase or other notice or advertisement to Customer, his personal representatives, heirs, executors, administrators, legatees, or assigns, and regardless of whether the ownership interest shall be solely Customer's or held jointly with others. In liquidating Customer's long or short position, AVS Carter, in its sole discretion may sell or purchase in the same contract month

or initiate new long or short positions in order to establish a spread or straddle which in AVS Carter judgment may be necessary or advisable to protect existing positions in Customer's account. Any sales or purchases hereunder may be made according to AVS Carter judgment and at its discretion on any exchange or other market where such business is then usually transacted or at public auction or at private sale, and AVS Carter may purchase the whole or any part thereof

free from any right of redemption. It is understood that, in all cases, a prior demand, call, or notice of the time and place of a sale or purchase shall not be considered a waiver of AVS Carter right to sell or buy without demand or notice as herein provided. Customer at all times shall be liable for the payment of any debit balance upon demand by AVS Carter, and shall be liable for any deficiency remaining in Customer's account(s) in the event of the liquidation thereof

in whole or in part by AVS Carter or by Customer. In the event the proceeds realized pursuant to this authorization are insufficient for the payment of all liabilities of Customer due to AVS Carter, Customer promptly shall pay, upon demand, the deficit and all unpaid liabilities, together with interest thereon and all costs of collection including reasonable attorneys' fees. Customer agrees to pay all expenses, including attorneys' fees, incurred by AVS Carter to collect

any debit balances in Customer's account or to defend any unsuccessful claim Customer may bring against AVS Carter.

(a) Liquidating instructions on open positions maturing in a current expiry must be given to AVS Carter at least five (5) business days prior to the first notice day in the case of long positions and,

in the case of short positions, at least five (5) business days prior to the last trading day. Alternatively, sufficient funds to take delivery or the necessary delivery documents must be delivered to AVS Carter within the same periods described above.

If neither instructions, funds, nor documents are received, AVS Carter without notice, may either liquidate Customer's position or rollover at last MOC on behalf of Customer upon such terms and by such methods which AVS Carter deems feasible.

(b) If at any time Customer fails to deliver to AVS Carter any property previously sold by AVS Carter on Customer's behalf or fails to deliver property, securities or financial instruments

in compliance with futures contracts, or AVS Carter shall deem it necessary (whether by reason of the requirements of any exchange, clearing house or otherwise) to replace any securities, futures contracts, financial instruments, or other property

previously delivered by AVS Carter for the account of Customer with other property of like or equivalent kind or amount, Customer authorizes AVS Carter in its judgment to borrow or to buy any property necessary to make delivery thereof or

to replace any such property previously delivered and to deliver the same to such other party to whom delivery is to be made. AVS Carter may repay subsequently any borrowing thereof with property purchased or otherwise acquired for the account of Customer.

Customer shall pay AVS Carter for any cost, loss and damage from the foregoing (including consequential damages, penalties and fines) which AVS Carter may be required to incur or which AVS Carter may sustain from its inability to borrow or buy any such property.

Customer agrees to pay such commission and account charges and fees as AVS Carter may establish and change from time to time. Customer agrees to be liable to AVS Carter for interest on amounts due from Customer to

AVS Carter at the rates customarily charged by AVS Carter. In the event Customer's account is having to transactions the whole month, customer agrees to pay monthly account fee of us dollars fifteen per month

Customer acknowledges that Customer is bound to the actual executions of transactions to either market maker, and understands that all reports of execution, price quotations and other market information are subject to change and errors as well

as delays in reporting. Customer agrees that reliance upon such information is at his own risk.Confirmations of trades and any other similar notices, including but not limited to purchase and sale statements, sent to Customer shall be conclusive and binding unless

Customer notifies AVS Carter to the contrary, (i) where a report is made orally, at the time delivered to Customer, or (ii) where a report or notice is in writing, prior to the opening of trading on the next day following delivery of the report on which the relevant

Exchange is open for business. Customer's account shall be conclusive and binding unless Customer notifies AVS Carter to the contrary immediately upon delivery to the Customer. ANY OBJECTION OF CUSTOMER TO A TRADE CONFIRMATION OR SIMILAR NOTICE OR A MONTHLY STATEMENT MUST

BE MADE IN WRITING AND DIRECTED TO AVS CARTER COMPLIANCE DEPARTMENT. THE FAILURE OF CUSTOMER TO PROVIDE SUCH TIMELY WRITTEN OBJECTION IN THE MANNER SPECIFIED SHALL CONSTITUTE RATIFICATION OF ALL ACTIONS TAKEN BY AVS CARTER OR ITS AGENTS.

Reports, statements, notices and any other communications may be transmitted to Customer at the address given in the Account Application, or to such other address as Customer may from time to time designate in writing.

All communications so sent, whether by mail, fax, air courier, messenger email, internet access, or otherwise, shall be deemed transmitted when deposited in the United States mail, or when received by a transmitting agent, and deemed delivered to Customer, whether actually received by Customer or not.

If Customer directs AVS Carter to enter into any transaction to be effected in a foreign currency: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for

Customer's account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars in such amounts as AVS Carter in its sole discretion may require; and (c) AVS Carter is authorized to convert funds in Customer's

account into and from such foreign currency at an exchange rate determined by AVS Carter in its sole discretion on the basis of then prevailing exchange rates. Transactions on markets in other jurisdictions, including markets formally linked to a

domestic market, may expose you to additional risk. Such markets may be subject to regulation that may offer different or diminished investor protection. Domestic regulatory authorities will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions.

Customer acknowledges that (a) any market recommendations and information communicated to Customer by AVS Carter do not constitute an offer to sell or the solicitation of an offer to buy any commodity or futures contract; (b)

such recommendations and information, although based upon information obtained from sources believed by AVS Carter to be reliable, may be incomplete and may not be verified; and (c) AVS Carter makes no representation, warranty or guaranty as to and

shall not be responsible for, the accuracy or completeness of any information or trading recommendation furnished to Customer. Customer understands that AVS Carter officers, directors, affiliates, stockholders, employees, or representatives may have

a position in and may intend to buy or sell commodities or futures contracts which are the subject of market recommendations furnished to Customer, and that the market position of any such officer, director, affiliate, stockholder, employee, or

representative may or may not be consistent with the recommendations furnished to Customer by AVS Carter. AVS Carter makes no representation, warranty, or guaranty with respect to tax consequences of Customer's transactions.

Customer represents that the information contained in the Account Application is true, correct, and not misleading in any respect, and agrees that he will promptly notify AVS Carter in writing if any of

the information or representations contained therein materially changes or ceases to be true and correct in any material respect. Customer further represents that he is of legal age and sound mind and that, except as

disclosed in writing to AVS Carter, no one except Customer has an interest in any account or accounts carried for Customer by AVS Carter. Customer further represents that he is not an employee of any exchange, any

corporation in which any exchange owns a majority of the capital stock, any member of any exchange, any firm registered on any exchange, any futures commission merchant, any introducing broker, or any bank, trust, or

insurance company. In the event that Customer becomes so employed, he will promptly notify AVS Carter in writing of such employment. Customer further represents that he has full power and authority to enter into this

agreement and to engage in transactions in futures contracts of the kind contemplated herein and that execution of this agreement, performance of duties hereunder, and the trading of futures contracts by customer are not prohibited by any law, rule, regulation, agreement or otherwise

AVS Carter at anytime in its sole discretion may limit the number of positions which Customer may maintain or acquire through AVS Carter. Customer agrees not to exceed the position limits established by any contract market, whether acting

alone or with others, and to promptly advise AVS Carter if customer is required to file any reports on positions. Moreover

Online Trading Platform has the auto built in capability to liquidate the extra open positions in case of worst market move against the client's open positions.

This consent is being provided in order to comply with exchange rules regarding cross trade procedures and the execution of trades in which a floor broker or brokerage firm may be directly

or indirectly involved as a principal to a transaction on any exchange that, from time to time, adopts rules requiring customer consent for these transactions. Customer hereby consents that AVS Carter,("AVS Carter"),

its agents, or floor brokers handling AVS Carter orders, may, without prior notice, execute Customer's orders in which AVS Carter, its directors, officers, employees, agents, or the floor broker, may directly or

indirectly, become the buyer to Customer's sell order or the seller to Customer's buy order, provided that such executions are made in accordance with exchange rules and any applicable provisions of the Commodity

Exchange Act or regulations of the Commodity Futures Trading Commission. This consent shall be continuous and remain in effect until revoked in writing by Customer.

No provision of this agreement may be waived or amended unless the waiver or amendment is in writing and signed by an authorized officer of AVS Carter. No waiver or amendment of this

agreement shall be implied from any course of dealing between the parties or from any failure by AVS Carter or its agents to assert its rights under this agreement on any occasion or series of occasions.

No oral agreements or instructions to the contrary shall be recognized or enforceable.

This agreement and its enforcement shall be governed by the internal laws of the State of Belize without reference to conflict-of-laws principles. Wherever possible, each provision

of this agreement shall be interpreted in such a manner as to be valid and effective under applicable law, but if any provision of this agreement shall be prohibited by or invalid under such law, such

provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this agreement.

This agreement shall be continuous and shall cover, individually and collectively, all accounts of Customer at any time opened or reopened with AVS Carter, irrespective of any change or changes at any time in the personnel of AVS Carter or its

successors, assigns, or affiliates, for any cause whatsoever; shall inure to the benefit of AVS Carter and its successors and assigns, whether by merger, consolidation or otherwise; and shall be binding upon Customer and the estate, executors, administrators,

legal representatives, successors and assigns of Customer. Customer hereby ratifies all transactions with AVS Carter effected prior to the date of this agreement, and agrees that the rights and obligations of Customer in respect thereto shall be governed by

the terms of this agreement, which supersedes all other customer agreements between AVS Carter and Customer.

This agreement shall continue in effect until terminated and may be terminated by Customer at any time when Customer has no positions and no liabilities held by or owed to AVS Carter or at any time whatsoever by AVS Carter; provided, however,

that any such termination shall not affect any transactions theretofore entered into and shall not relieve either party of any obligations in connection with any debit or credit balance or other liability or obligation incurred prior to such termination.

Customer agrees to indemnify AVS Carter and hold AVS Carter harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorneys' fees, incurred by AVS Carter because any of the Customer's representations

and warranties shall not be true and correct or the agreements made herein by Customer shall not be fully and timely performed. Customer also agrees to pay promptly to AVS Carter all damages, costs and expenses, including attorneys' fees, incurred by AVS Carter in

the enforcement of any of the provisions of this agreement.

(a) Customer understands that AVS Carter in its sole discretion may record, on tape or otherwise, any telephone conversation between AVS Carter and Customer. Customer hereby agrees and consents to such recording and waives any right Customer may

have to object to the admissibility into evidence of such recording in any legal proceeding between Customer and AVS Carter or in any other proceeding to which AVS Carter is a party or in which AVS Carter records are subpoenaed.

(b) Absent a separate written agreement with Customer or an advisor duly authorized to act on Customer's behalf, AVS Carter in its sole discretion may, but shall not be obligated to, accept futures contracts from other brokers executed

by such brokers for clearance and maintenance in Customer's account. If AVS Carter and Customer enter into a separate give-up agreement, this agreement will control in the event of any conflict between such agreements.

The term "AVS Carter" shall be deemed to include AVS Carter, and its agents, successors and assigns; the term "Customer" shall be deemed to refer to the party or parties executing this agreement. All pronouns shall be deemed to refer

to the feminine or the masculine, as the gender of Customer requires. If this is a joint account, the singular shall mean, where appropriate, all owners of an account and the statements, agreements, representations and warranties set forth herein shall be

deemed to have been made by each owner of the account. The paragraph headings in this agreement are inserted for convenience of reference only and are not intended to limit the applicability or affect the meaning of any of its provisions.

(a) If this account is held by more than one (1) person, all of the joint holders are jointly and severally liable to Broker for any and all obligations arising out of transactions in the account and agree to be bound by all terms and

conditions of the Customer Agreement signed by each party. Broker is authorized to accept instructions and to send confirmations to any one of the joint owners, and the Customer hereby further appoints any and all of said joint owners as Customer's agent for

receipt of confirmations and hereby waives any right to receive confirmations otherwise. Any one or more of the joint owners shall have full authority for the account and risk in the name of the joint account.

(b) If this account is a joint account, in the event of the death of any of the Customers, the survivor(s) shall immediately give AVS Carter written notice thereof, and AVS Carter, before or after receiving such notice,

may take such action, institute such proceedings, require such papers, retain such portion of the account, and restrict transactions in the account as AVS Carter may deem advisable to protect AVS Carter against any tax, liability, penalty,

or loss under any present or future laws or otherwise. The estate(s) of any of the Customers who shall have died shall be liable, and the survivor(s) shall continue to be liable, to AVS Carter for any debit balance or loss in the account

in any way resulting from the completion of transactions initiated prior to the receipt by AVS Carter of the written notice of the death of the decedent, or incurred in the liquidation of the account, or the adjustment of the interests of the respective parties.

(c) If this account is held by tenants in common, then, in the event that the account is closed or upon receipt of a certified document evidencing death or legal incapacity of any tenant, the account shall be divided

in equal shares unless Broker is otherwise notified, in writing, signed by all joint owners of the amounts to be distributed to the individual joint owners.

(d) If this account is held by the parties as joint tenants with rights of survivorship, then, upon receipt of a certified document evidencing death or legal incapacity of one of the parties, the remaining party

or parties shall continue this account in their name as sole or joint owners with all the terms and conditions of said account continuing in full force and effect.

Where Customer is a partnership, the event of the dissolution or the termination of the Customer or the dissolution, termination or withdrawal of a general partner of the Customer by death, retirement, or

for any other reason, the remaining partners immediately shall give AVS Carter written notice thereof and AVS Carter may, before or after receiving such notice, close the account(s) of Customer and proceed in accordance with

paragraph 5 above and take such action, institute such proceeding, require such papers, retain such portion of the account(s) or restrict transaction in the account(s) as AVS Carter may deem advisable to protect AVS Carter against

any liability, tax, or penalty under any present or future laws or otherwise. The estate of any of the general partners who shall have died shall be liable, and each survivor shall continue to be liable to AVS Carter for any debit

balance or loss in said account(s) resulting from the completion of transactions initiated prior to receipt by AVS Carter of such written notice or incurred in the liquidation of the account(s) or the adjustment of the interests of the respective parties.

Customer agrees that any civil action, arbitration or other legal proceeding between AVS Carter or its employees or associated persons, on one hand, and Customer, on the other hand, arising out of or relating to

this agreement on Customer's account shall be brought, heard and resolved only by the Belize office in Belize, Central America and Customer hereby waives the right to have such proceeding transferred to any other location. In addition,

Customer hereby waives trial by jury in any such action or proceeding. No action, regardless of form, arising out of or relating to this agreement or transactions hereunder may be brought by Customer more than two months after the cause

of action arose. Customer hereby submits and consents to personal jurisdiction in any state or federal court in Belize and appoints and designates AVS Carter (or any other party whom AVS Carter may from time to time hereinafter designate)

as Customer's true and lawful attorney-in-fact and duly authorized agent for service of legal process, and agrees that service of such process upon AVS Carter or such other party shall constitute personal service of such process upon Customer;

provided, that AVS Carter or such other party shall, within five days after receipt of any such process, forward the same by air courier or by certified or registered mail, together with all papers affixed thereto, to Customer at Customer's last known mailing address.

Customer acknowledges that investment in Forex Trading is speculative, involved a high degree of risk due to high leverage provided and other volatility reason due to high volume and is suitable only for persons

who can assume risk of loss in excess of their margin deposits. Customer understands that because of the low margin normally required in futures trading, price changes in futures contracts may result in significant losses, which

losses may substantially exceed Customer's margin deposits. Customer represents that Customer is willing and able, financially and otherwise, to assume the risks of futures trading, and in

consideration of AVS Carter carrying Customer's account(s), Customer agrees not to hold AVS Carter responsible for losses incurred through following its trading recommendations or suggestions or

those of its employees, agents or representatives. Customer recognizes that guarantees of profit or freedom from loss are impossible of performance in forex trading, acknowledges that Customer has received no

such guarantees from AVS Carter or from any of its representatives, and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.

Important Information About Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain,

verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you.

We may also ask to see your driver's license or other identifying documents.

BY SIGNING THIS AGREEMENT, CUSTOMER REPRESENTS AND WARRANTS TO BROKER THAT ALL INFORMATION SUPPLIED TO BROKER IN THIS OR ANY OTHER

ACCOUNT FORM IS TRUE AND ACCURATE, AND THAT CUSTOMER SHALL INFORM BROKER IN WRITING OF ANY CHANGES TO SUCH INFORMATION WHEN SUCH CHANGES OCCUR.

AVS CARTER IS HERBY AUTHORIZED TO VERIFY ALL INFORMATION PROVIDED BY CUSTOMER(S) HEREIN. I (WE) HEREBY REQUEST AVS CARTER, TO OPEN A

TRADING ACCOUNT IN THE NAME(S) SET FORTH IN THIS APPLICATION. I (WE) HAVE READ AND UNDERSTOOD THE TERMS AND CONDITIONS OF THE CUSTOMER AGREEMENT GOVERNING THE ACCOUNT AND AGREE TO BE BOUND BY THEM AS CURRENTLY IN EFFECT.