FOREIGN EXCHANGE MANAGED ACCOUNT

AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This FOREIGN EXCHANGE MANAGED ACCOUNT AGREEMENT (the

AGREEMENT) is made and executed by and between:

(Name of the Investor/client), of legal age, Filipino

citizen and with present/residence/office address at
____________________________, hereinafter referred to as the
CLIENT;

-AND-

_____________________________________, of legal age,

Filipino citizen, and a resident of
_______________________________________, hereinafter
referred to as the ADVISOR;

WITNESSETH:

WHEREAS, CLIENT hereby acknowledges to Advisor that

Client has received, read and understood and carefully
considered the risks outlined in the Disclosure Document for
the Advisors Trading Program (the PROGRAM), dated 22
January 2017 and that no person is authorized by advisor to
make statements in addition to, or inconsistent with, those
contained in such Disclosure Document.

WHEREAS, CLIENT desires to retain Advisor as Clients

trading advisor pursuant to the terms and conditions set
forth in this Agreement, and Advisor desires to service
Client pursuant to such terms and conditions.

WHEREFORE, for and in consideration of the foregoing

premises, the parties herein have agreed, covenanted and
stipulated the following:

TERMS & CONDITIONS:

Section 1. CLIENTS ACCOUNT. Client shall open an investment
account (the ACCOUNT) with (name of the trader/s), with an
initial deposit of PHP/$_________. The initial deposit, all
subsequent deposits to and withdrawals from the Account and
all transactions effected in the Account shall be sub-ject
to this Agreement. If Client owns more than one Account that
is managed by Advisor, each such Account shall be subject to
this Agreement.

Section 2. REPRESENTATIONS OF CLIENT. Client hereby

represents to Advisor that Client has capital available and
desires to invest such capital in speculative investments in
OTC instruments, over-the-counter foreign currency
instruments, and other similar financial instruments and
options thereon (Investment or Investments). Client, if
an individual or joint, hereby represents to Advisor that
Client is of full legal age in the jurisdiction in which
Client resides and is legally competent to execute and
deliver this Agreement and to purchase, sell, trade and own
Investments as contemplated by this Agreement. Client, if a
corporation, partnership, or other entity, hereby represents
to Advisor that Client has full power and authority to
execute and deliver this Agreement and to purchase, sell,
trade and own Investments as contemplated by this Agreement
and the individual executing and delivering this Agreement
for and on behalf of Client is of full legal age in the
jurisdiction in which such individual resides and is legally
competent and has full power and authority to do so on
behalf of Client and its stockholders, partners or
beneficiaries, if any. Client hereby represents to Advisor
that Client is fully familiar with the speculative nature of
trading Investments and its high degree of risk which makes
such trading suitable only for a person who can sustain
substantial losses which may be far in excess of such
person's funds on deposit in such person's Account. Client
hereby represents to Advisor that Client is willing and
able, financially and otherwise, to assume the risks of
trading Investments and has financial ability to bear losses
in excess of the amount deposited pursuant to Section 1 of
this Agreement.

Section 3. AUTHORIZATION TO THE ADVISOR TO ENTER ORDERS FOR

THE ACCOUNT. Client appoints Advisor as his sole ATTORNEY-
IN- FACT with respect to the Account to buy, sell or
otherwise trade in Investments through the Broker/Trader
pursuant to the Advisors trading methodology. Client hereby
gives and grants to Advisor full power and authority to act
for Client and on Client's behalf to do every act and thing
whatsoever requisite, necessary or appropriate to be done in
connection with this power of attorney as fully and in the
same manner and with the same force and effect as Client
might do or could do if personally present, and Client
hereby ratifies and confirms any and all transactions
heretofore made by Advisor for the Account and agrees that
the rights and obligations of Client in respect thereof
shall be governed by the terms of this Agreement. Advisor
shall have discretionary authority to make all trading
decisions for the Account, without prior consultation with
Client and without prior notice to Client with respect to
such trading decisions. By this Agreement, Client authorizes
the Broker/Trader to permit Advisor to enter orders for the
Account.

Further, Client acknowledges that in order to provide for

more efficient execution of orders for the account, the
Advisor may bunch or aggregate order entry of Client
accounts with other Accounts guided by the Advisor.

Section 4. ACKNOWLEDGMENT OF RISKS ASSOCIATED WITH OVER-

THE-COUNTER FOREIGN CURRENCY AND OPTIONS TRADING, LACK OF
GUARANTEE BY THE ADVISOR AND CONFLICTS OF INTEREST. Client
is aware of the speculative nature and high risks
associated with trading Investments (which includes the
risk that Client may incur trading losses in excess of
capital contributed to the Account). Client also
acknowledges that NO safe trading system has ever been
devised, and that no one can guarantee profits or freedom
from loss in such trading. The Advisor, therefore, cannot
and does not imply or guarantee that Client will make a
profit and it is expressly agreed that Advisor will not be
liable to Client or any other party for any act or omission
in the course of or in connection with the rendering of its
services hereunder, except for acts or omissions by Advisor
or its employees, affiliates or agents which constitute
gross negligence, willful misconduct or fraud. Client shall
indemnify Advisor, its members, principals, officers,
employees, agents and affiliates for all liability incurred
in the performance of the services required by this
Agreement, provided that there has been no judicial
determination that such liability was the result of gross
negligence, willful misconduct or fraud on the part of
Advisor and provided further that any conduct of Advisor
which was the basis for such liability was done with the
good faith belief of Advisor that it was in the best
interest of Client.

Section 5. ADDITIONS TO AND WITHDRAWALS FROM THE ACCOUNT.

Client may add to upon prior notice to Advisor to the extent
consistent with margin requirements, however, he may not
withdraw his principal amount of investment before the
agreed period in which the said amount can be withdrawn.
Clearly, the Client shall receive his/her monthly profit-
sharing. Client recognizes that the potential profitability
of the Account depends upon long term, uninterrupted
investment of capital and that reduction of equity could
materially and adversely affect the potential profitability
of the Account. Client further recognizes that Advisor has
complete discretion to terminate this Agreement pursuant to
Section 7 below.

Section 6. FEES. As compensation for his/her advisory

services, the advisor shall be entitled to receive the
following monthly performance fee: a. Break even- one
percent (1%); b. Winning- two percent (2%); c. Home run-
three percent (3%) to five percent (5%). Further, the
estimated dividends per month is ranging from one percent
(1%) to three percent (3%) of the capital which will depend
on the market sentiments and level of performance. More
importantly, the Client shall be entitled to monthly net
profit estimated five percent (5%) to six percent (6%). The
Clients net profit shall be given within 3 working days in
a manner which is convenient to the parties herein.

Section 7.TERMS AND CONDITIONS FOR TERMINATION. This

Agreement shall terminate upon written notice by any party
hereunder to the other party. Notice shall be deemed given
on the close of business on the day such notice is actually
received by Advisor or Client. This Agreement shall also
automatically terminate upon written notice to Advisor of
the death, legal disability, dissolution, or bankruptcy of
Client. Termination shall be effective on the date such
written notice is deemed given pursuant to Section 14 of
this Agreement. When either party terminates this Agreement,
Client shall be liable for all costs, expenses, and losses
incurred in liquidating open positions upon termination.

Section 8. MANAGEMENT OF OTHER ACCOUNTS BY THE ADVISOR,

TRADING BY THE ADVISOR FOR ITS OWN ACCOUNT(S). The services
rendered hereunder are not exclusive and Client acknowledges
that Advisor may manage other Client accounts and intends to
do so in the future. Client acknowledges that Advisor
reserves the right to charge fees different from those
described above for other accounts that it manages. Advisor
and its principal(s) may trade in Investments for their own
account(s).

Section 9. ASSIGNMENT. This Agreement shall not be

assignable by Client without the written consent of Advisor
or by Advisor without notice to Client and shall be binding
upon the parties hereto, their heirs, respective legal
representatives and successors and assigns.

Section 10. GOVERNING LAW. This Agreement shall be governed

by and construed in accordance with the laws of the Republic
of the Philippines without regard to conflict of laws of the
principals. If any provision is found unenforceable, then
this Agreement shall be enforced and construed as if that
invalid provision did not appear.

Section 11. ENTIRE AGREEMENT. This Agreement contains the

entire understanding between Advisor and Client with respect
to Investment advisory matters, is intended to be the
complete and exclusive expression of the agreement between
Advisor/s and Client, it supersedes any other agreements or
under-standings of the parties with respect to Investment
advisory matters, and may only be amended by mutual written
consent.

Section 12.NOTICES. Any notices required to be given shall

be in writing and sent by certified or registered mail,
return receipt requested, to (name of the advisors including
their respective office/present address) and to Client at
the address set forth below his signature to this Agreement.
Either party may change his address by giving notice in
writing to the other party stating his new address.
Commencing on the tenth (10th) day after the giving of such
notice, such newly designated address shall be the party's
address for the purpose of all notices or communications
required or permitted to be given pursuant to this
Agreement. Notices to Advisor from Client shall be deemed
given as of the close of business on the day such notices
are actually received by Advisor.

Section 13. CONFIDENTIALITY. Client understands that the

trading method employed by Advisor is proprietary and that
the advice provided hereunder by Advisor is for the
exclusive use of Client. Client agrees not to disclose any
of Advisor's trading recommendations, advice, analysis,
trading history, or historical positions to any third party
without Advisor's prior written consent. Client agrees to
treat all such communication related to the Account as
confidential.

Section 14. JURISDICTION. Any dispute, controversy, or claim

arising out of or relating to this contract, or the breach,
termination, or invalidity thereof, shall be settled by
arbitration in accordance with the UN-CITRAL Arbitration
Rules in effect on the date of this contract. The appointing
authority shall be ADR Chambers (ADRC). The case shall be
administered by ADRC in accordance with its Procedures for
Cases under the UNCITRAL Arbitration Rules. There shall be
a sole arbitrator appointed from among the members of ADRC.
The place of arbitration shall be in QUEZON CITY,
PHILIPPINES. The language to be used in the arbitral
proceedings shall be English. Client hereby waives the right
to have such proceeding transferred to another jurisdiction.
No arbitration hereunder or relating to this Agreement,
shall be brought by Client more than one year after the date
of the transaction giving rise to the cause for arbitration
regardless of when Client discovers the facts relating to
the cause for arbitration.

Section 15. JOINT UNDERTAKING. If more than one person is

signing this Agreement as Client, each undertaking herein
shall be a joint and several undertaking of all such
persons, and the foregoing grant of power of attorney and
authority to Advisor shall be a joint and several grant by
all such persons. Action of any one Client pursuant to this
Agreement shall bind all such Clients. An account in joint
names creates a joint tenancy with right of survivorship and
not a tenancy in common.

Section 16.COUNTERPARTS. This Agreement may be executed in

counterparts, each of which shall be considered an original
and all of which counterparts of each agreement shall
constitute one and the same instrument.

IN WITNESS WHEREOF, I have hereunto set my hand this

_____ day of ____________ 2017 in _____________.

__________________________
Client

______________________ _______________________
Advisor Advisor

SIGNED IN THE PRESENCE OF:

 _________________________ _________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

___________________________) S.S.

BEFORE ME, a Notary Public for and in ____________________,

Philippines, this ____ day of ______________________ 2017
personally appeared:

Name Competent Date of

Evidence of Issuance/Expiration
Identity
Johanne M.
Mariano

Respectively known to me to be the same persons who

executed the foregoing Foreign Exchange Managed Account
Agreement, consisting of eight (8) pages including this page
on which this acknowledgement is written, and they
acknowledged to me that the same are their own free and
voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and at the place

above-written.

Notary Public

Doc. No. ________;

Page No. ________;
Book No. ________;
Series of 2017.