Forex Managed Accounts

Subscription Disclaimer

1.0 TERMINATION

1.0.1 Should the subscriber wish to discontinue service, Global Forex Trading requires written notice via e-mail or certified mail prior to the 25th of the month.

1.1 In addition to any other remedy available at law or in equity, Global Forex Trading may terminate this Agreement immediately, in whole or in part, without further obligation to the Subscriber in the event of:

1.1.1 Any breach of this Agreement by the Subscriber which cannot be remedied within thirty (30) days of the Subscriber being requested to do so;

1.1.2 any merger, consolidation, acquisition, or the sale, lease or other transfer of all or substantially all of the assets or shares of stock of the Subscriber, or any other change in control or ownership of the Subscriber;

1.1.3 the Subscriber's making an assignment for the benefit of its creditors, or the filing by or against the Subscriber of a voluntary or involuntary petition under any bankruptcy or insolvency law, under the reorganization or arrangement provisions of the United States Bankruptcy Code, or under the provisions of any law of like import, or the appointment of a trustee or receiver for the Subscriber or its property; or

1.1.4 as determined by Global Forex Trading's sole reasonable discretion, the impracticability of serving the Subscriber or the inaccessibility to the Subscriber or to the means of transmission used for the delivery of the Service, in which case DMI's only obligation to the Subscriber will be to refund the proportionate part of the Subscription Fee prepaid for the portion of the Service which would have been received following the date of termination.

1.2 Global Forex Trading may, without penalty, interrupt the provision of the Service to the Subscriber if the Subscriber uses communications systems whether related to the Service or not, which in Global Forex Trading's reasonable opinion will cause errors, omissions or delays in the Service or will interfere with transmission, reception or the operation of other Global Forex Trading systems. The Service shall be restored if, in Global Forex Trading's reasonable opinion, it has received satisfactory assurances as to future use of the Service.

1.3 Where the operation or delivery of the Service or any part thereof is dependent upon an Agreement between Global Forex Trading and a third party and such Agreement has expired or is terminated or suspended in whole or in part for in any reason, and Global Forex Trading is unable to enter into another equivalent Agreement upon reasonable terms. Global Forex Trading may immediately terminate this Agreement or the relevant part thereof. Upon such termination Global Forex Trading's only obligation to the Subscriber will be to refund the proportionate part of the Subscription Fee prepaid for the portion of the Service which would have been received following the date of termination.

1.4 Global Forex Trading may, on ten (10) days written notice, cease providing the Service or withdraw any Software if Global Forex Trading withdraws the Service or such Software from the country where the Subscriber's Premises are located.

1.5 Without limitation of any other remedy available at law or in equity, the Subscriber and Global Forex Trading hereby agree that upon the Subscriber's:

1.5.1 Breach of this Agreement and subsequent termination by Global Forex Trading, or

1.5.2 terminating this Agreement (except as permitted hereunder), Global Forex Trading will be entitled to recover from the Subscriber as and for liquidated damages an amount equal to the total aggregate charges payable for the unexpired portion of the then current term.

2.0 GENERAL PROVISIONS

2.1 Subscriber acknowledges that he has been apprised of the volume of trading and resulting fees to be generated by the Echelon Facilitated System and the impact this may have on its performance. Subscriber fully understands the limitations of hypothetical back-testing and real-time track records in predicting future performance. Subscriber hereby authorizes and directs GFT to enter trades for his account in accordance with trading signals generated by Echelon Facilitated Systems (the “System”).

2.1.2 Subscriber understands and acknowledges that GFT will be responsible only for using its best efforts to execute, in a timely fashion, signals generated. GFT shall not be responsible for mechanical or communication line failure or system errors, or any cause beyond its control. Subscriber acknowledges that GFT can accept and execute orders only if actually received or generated and then on a “not held” basis, i.e. GFT shall not be held responsible for the execution of the order at the price indicated or otherwise.

2.1.3 Subscriber has had the opportunity to ask questions on how his account will be handled. Subscriber acknowledges that he has not purchased the System from GFT. Subscriber understands that there is no trading system or trading advice free from risk of loss and that no one can guarantee profits or freedom from loss in Forex trading. GFT has not implied or guaranteed that Subscriber will make a profit and Subscriber agree that GFT will not be held responsible for the performance of the System or trading losses in my account.

2.1.4 GFT may act upon the authority given by this letter until Subscriber revokes the authority and direction by written notice addressed and actually delivered to GFT. Subscriber shall be responsible for any open contracts in my account at the time Subscriber revokes the authority and shall permit GFT to execute offsetting orders for such contracts.

2.1.5 Subscriber agrees in the absence of willful or wanton misconduct or gross negligence, neither GFT nor any of its officers, directors, employees, consultants, agents, or affiliates, including GFT will be liable for any act or omission in the course of or in connection with my participation in the System. Subscriber indemnify GFT its principals, agents and employees, including GFT, for all liability (including reasonable attorney’s/accountant’s fees) incurred resulting from this authorization to execute the Signals, provided that there has been no judicial determination that such liability was the result of gross negligence or recklessness or intentional misconduct, and, further provided that the conduct that was the basis for such liability was not undertaken in the actual and reasonable belief that it was in the best interest of the account.

2.2 This Agreement will be binding upon and inure to the benefit of the Parties hereto, their respective heirs, personal representatives, and successors. Subscriber shall not assign or in any way transfer this Agreement or any of the rights hereunder without the prior written consent of Global Forex Trading. This Agreement shall terminate in the event of its assignment without such prior written consent.

2.3 This Agreement shall be construed and interpreted in accordance with the laws of Illinois . Any legal proceeding brought for the enforcement or interpretation of this Agreement or the rights, relationships or liabilities of the Parties, or a legal proceeding is brought because of an alleged breach, default or misrepresentation involving any provision or other dispute shall be held in Chicago , Illinois . Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration in accordance with the Rules of the American Arbitration Association, and judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction thereof.

2.4 This Agreement may be executed by the Subscriber accessing the Service in any number of counterparts and each of which shall be deemed original, but all of which taken together shall constitute one and the same document. An executed copy of this Agreement either photocopied or received by way of facsimile shall be deemed to be an original enforceable and admissible for all purposes as may be necessary under the terms hereof.

2.5 Each provision of this Agreement is a separate and distinct covenant and separate from all other such distinct covenants. If any covenant/s or provision/s herein is/are determined by a court of competent jurisdiction to be void, unenforceable or unreasonable in whole or in part, it shall not be deemed to affect or impair the validity of any other covenant of this Agreement or any part thereof and the court shall have the authority to limit such covenant or provision as it deems proper.

2.6 Any notices issued by any party to this Agreement shall be delivered by hand, by courier service, or by international overnight delivery service providing for electronic package tracking, except as otherwise provided for in this Agreement. A notice shall be addressed to the other party at the address given on page one of this Agreement or another address which may subsequently be specified in writing, by hand, or by courier services for notices.

2.7 Interpretations

2.7.1 Unless the context requires otherwise, words importing the singular shall include the plural and vice versa and words importing the masculine shall include the feminine and vice versa.

2.7.2 Where each and one of the Parties are constituted by more than one party, then the obligations and liabilities emanating from this Agreement shall be deemed joint and several.

2.7.3 Headings are included for ease of reference and shall not affect the interpretation of this Agreement.

2.8 Miscellaneous

2.8.1 Any additions to or modifications to this Agreement shall be valid and binding between the Parties hereto only if they are in writing, signed and dated by all Parties hereto.

2.9 Subscription fee and system assist fee

2.9.1 Subscriber agrees that the monthly Subscription fee for the Echelon Facilitated System is $250 per currency pair.

.9.2 Subscriber agrees that Global Forex Trading will charge $10 per 100,000 lot system execution fee.