RULES AND RESTRICTIONS OF CURRENCY TRADING AT AKMOS TRADE DEALING CENTER

1. TRADING ACCOUNT OPENING

1.1. The Client shall enter an Information Service Agreement with the Limited Liability Company M Biznes Servis and place the required security deposit according to the provided bank detail.

1.2. AKMOS TRADE, shall open a secured subaccount (trading account) in the Client's name according to the Client's application.

1.3. The security deposit in the Client's subaccount shall secure the line of credit for transacting business on FOREX market.

1.4. The account shall become electronically accessible on the banking day following crediting funds to AKMOS TRADE account.

1.5. All subaccount operations shall be accounted in U.S. dollars. The trading quotations of AKMOS TRADE, officially supplied to the GTIS Corporation, shall serve as the sole basis for all calculations.

2. BASIC TERMINOLOGY AND CHARACTERISTICS OF CURRENCY TRADING TRANSACTIONS

2.1. Terminology.

LOT

unit of the amount of a transaction;

TRANSACTION

combination of two trades resulting in conversion of funds from the base currency to the quoted currency and back;

BALANCE

amount of funds in the client subaccount after completion of last transaction;

FLOATING profit (loss)

unrealized profit (loss) on the open positions at current exchange rates;

STORAGE

commission charged for the use of the line of credit;

EQUITY

credit balance of the subaccount considering open positions; EQUITY is related to BALANCE and FLOATING according to the formula:
EQUITY = BALANCE + FLOATING;

MARGIN REQUIRED

is a parameter which describes the amount of margin coverage for all open positions. It is calculated according to paragraphs 2.4-2.6.

SHORT MARGIN

account status resulting in the loss of control of the account by the trader. All open positions in the account with short margin will be closed by the market maker at next available rate.

2.2. Maximum amount of initially placed security deposit is $50,000. Higher initial deposits shall require individual approval.

2.3. Margin - 1:100.

2.4. Quoted (traded) currency pairs and their definitions are given in the table:

Traded currencies	Ticker	Lot size	Margin requirement per lot	Spread
Euro–US dollar	EURUSD (EUR)	EUR 100,000	rate EURUSD × USD 1000	2
US dollar–Swiss franc	USDCHF (CHF)	USD 100,000	USD 1000	4
US dollar–Japanese yen	USDJPY (JPY)	USD 100,000	USD 1000	4
UK pound–US dollar	GBPUSD (GBP)	GBP 100,000	rate GBPUSD × USD 1000	4
US dollar–Canadian dollar	USDCAD (CAD)	USD 100,000	USD 1000	5
Australian dollar–US dollar	AUDUSD (AUD)	AUD 100,000	rate AUDUSD × USD 1000	5
US dollar–Swedish krona	USDSEK (SEK)	USD 100,000	USD 1000	4
New Zealand dollar–US dollar	NZDUSD (NZD)	NZD 100,000	rate NZDUSD × USD 1000	4
Swiss franc–Japanese yen	CHFJPY	CHF 100,000	rate CHFUSD × USD 1000	5
UK pound–Swiss franc	GBPCHF	GBP 100,000	rate GBPUSD × USD 1000	5
UK pound–Japanese yen	GBPJPY	GBP 100,000	rate GBPUSD × USD 1000	6
Euro–Swiss franc	EURCHF	EUR 100,000	rate EURUSD × USD 1000	4
Euro–UK pound	EURGBP	EUR 100,000	rate EURUSD × USD 1000	1
Euro–Japanese yen	EURJPY	EUR 100,000	rate EURUSD × USD 1000	5
Euro–Canadian dollar	EURCAD	EUR 100,000	rate EURUSD × USD 1000	5
Euro–Australian dollar	EURAUD	EUR 100,000	rate EURUSD × USD 1000	5
Australian dollar–Japanese yen	AUDJPY	AUD 100,000	rate AUDUSD × USD 1000	5
US dollar index	USDX	USD 100,000	USD 1000	4
Gold–US dollar	XAUUSD	100 troy ounces	1 troy ounce	10
Silver–US dollar	XAGUSD	5000 troy ounces	200 troy ounces	100

Note: the spread amount is not guananteed and can be changed if market moves rapidly (such as large currency interventions).

2.5. Minimum value of EQUITY / MARGIN REQUIRED for opening a new position is (taking in consideration the position to be open):

• 0.5 when MARGIN REQUIRED is less then or equal $20,000;
• 1.0 when MARGIN REQUIRED is between $20,000.01 and $40,000;
• 1.5 when MARGIN REQUIRED is equal to $40,000.01 or higher;

2.6. SHORT MARGIN occures when EQUITY / MARGIN REQUIRED is equal or less than:

• 0.2 when MARGIN REQUIRED is less then or equal $20,000;
• 0.5 when MARGIN REQUIRED is between $20,000.01 and $40,000;
• 0.8 when MARGIN REQUIRED is between $40,000.01 and $60,000;
• 0.9 when MARGIN REQUIRED is between $60,000.01 and $80,000;
• 1.0 when MARGIN REQUIRED is higher than $80,000.01;

2.7. Hedging of an open position is allowed. The MARGIN REQUIRED for each pair of locked lots is equal to that for one lot.

2.8. The STORAGE shall be charged only if an open position is kept through 12 A.M. Mid-European time (2:00 A.M. Moscow time). The amount is calculated according to swap rules.

2.9. The account balance accrues interest in the amount of 1% per annum. The interest is disbursed in the beginning of each month for the last month in the amount equal to 1% / 365 for each day. The interest is paid only if it is equal or exceeds $1.

3. BUSINESS TRANSACTING RULES

3.1. The Client using the electronic access may only issue the following trading orders:

• MARKET - perform transaction at the rate currently available on the market
• STOP - perform transaction when the market rate reaches a specified value.
• LIMIT - perform transaction at the rate not worse, than the specified rate.

If electronic access is not possible, the Client may verbally over the phone issue the following orders only:

• CLOSE - close a position;
• LIMIT - set limit / cancel limit for a position;
• STOP - set stop / cancel stop for a position.

Any other orders are not allowed and shall be automatically rejected.

3.2. The Client shall be fully liable for password and SMART card safekeeping and shall acknowledge the autenticity of all electronic orders entered with the use of his/her passwords or SMART card until due notice of loss thereof.

3.3. Executed orders can not be cancelled, modified or withdrawn. All changes related to the corrections of previous transactions shall be performed by modification of the account balance.

3.4. Placement of STOP / LIMIT orders.

3.4.1. STOP / LIMIT orders may only be placed or cancelled during trading hours.

3.4.2. The price of the STOP / LIMIT order for the existing position must be outside of the current spread.

3.4.3. If at the moment of the potential execution of the pending open order the price specified in the order should differ from the current market price by less than 20 points, the order will be executed at the price set by the trader, otherwise the order will be cancelled.

3.4.4. The price in the order and the price in the linked STOP or LIMIT order shall not differ less than for 20 points.

3.4.5. The LIMIT order is always executed at the price set in the order. The STOP order is executed at the price set in the order when the period between the opening the order and the time of its potential execution is sufficient. Otherwise the STOP order may be executed according to MARKET rules.

4. SETTLEMENT

4.1. The Client has the right to withdraw from his account unencumbered funds (that is, funds not used for satisfying margin requirement) without closing the subaccount. This withdrawal must not put the balance of the subaccount below minimum security deposit level.

4.2. Withdrawal requests and corresponding correction of the account shall only be processed in the absence of open positions.

4.3. Transfer of funds shall be effected in the 3 banking days following the day of receipt of the fax order that must be duplicated by e-mail. The signature on the payment order must be identical to that on the subaccount application.

4.4. Upon receipt of a payment order from the Client, the subaccount BALANCE shall be reduced by the amount of funds being withdrawn on the date of such receipt during normal business hours.

4.5. If the the subaccount should be liquidated, the transfer of funds including the balance of the account will be effected during the 10 banking days following the receipt of the appropriate instructions, but not earlier than one calendar month after the opening date of the account.

4.6. The money transfer expenses incurred at reimbursement shall be borne by the Client by subtracting the amount of expenses from the amount transferred. Expedient transfers can be performed by request.

4.7. As the executor of his/her subaccount, the Client has the right to issue orders of trading nature only as well as orders related to the withdrawal of the funds.

4.8. Subaccount liquidation shall be construed as the discontinuation of the Agreement.

5. AUTHORITY AND OBLIGATIONS OF AKMOS TRADE

5.1. The Client delegates to AKMOS TRADE as his/her agent and attorney-in-fact the authority for executing buying, selling, and other operations on FOREX market. To this effect, the Client delegates to AKMOS TRADE the authority to open or close the corresponding positions in accordance with his/her electronic orders. The Client is hereby notified and agrees that all transactions shall be executed in his/her name, at his/her expense, risk, for the same terms and results as if he/she would execute said transactions directly in person.

5.2. The Client shall approve any and all operations being executed or having to be executed in the future in accordance with his/her electronic instructions.

5.3. The Client is hereby notified and agrees to hold AKMOS TRADE harmless with respect to consequences of action or inaction of the Client (or his/her authorized representative) associated with executing trades on FOREX market.

5.4. The Client shall be personally responsible for the status of his/her account and confirms that the responsibility shall last until closing of the account.

5.5. The Company reserves the right to modify these Rules and Restrictions of Currency Trading in Akmos Trade Dealing Center. In case such modifications are deemed to worsen the conitions of trading, the Company shall notify the Client 5 business days in advance of putting the modifications into effect.

5.6. This authority of AKMOS TRADE shall be durable, shall remain in effect absolutely and entirely until the receipt by AKMOS TRADE of a written request for the Agreement termination or subaccount closing.

5.7. Should a conflict arise concerning the Client subaccount status, the parties will examine the Client operations log in the form of dealing center printouts.