INDEMNIFICATION ON ACCEPTANCE OF INSTRUCTIONS
VIA ELECTRONICS MEDIA



We, ____________________________________ hereby authorise HGC or any of its officers to act in accordance with our instructions given via telephone, facsimile, electronic mail, untested telexes or any form of electronic communication to you from time to time by us, {including those empowered to operate on our account(s)} in respect of all our account(s) with HGC.


We are fully aware of and understand the various problems and risks involved in us sending our instructions to you via telephone, facsimile, electronic mail, untested telexes or any other form of electronic communication and hereby agree to accept full and total responsibility for all these problems and risks involved.


In consideration of your agreeing to act on the above instructions or communication, we agree and undertake:-


a) that you are authorised to record the telephone conversations between us and you, in writing or by tape or other means as you may determine, and your records shall be conclusive and binding on us. You may dispose of such written records and erase such tapes after the expiration of such period as you deem fit;


b) that you may, under circumstances determined by you, require from us confirmation of any of the above instructions or communication in such form as you may specify before acting on the same;


c) that you will not be liable for any failure or delay in acting on any of the above instructions or communication by reason of any cause beyond your control, including (without limitation) any breakdown or failure of transmission or communication facilities for whatsoever reason, or breakdown of or delay or error transmission or communication for any reason;


d) that you may (but shall not be obliged to) act as aforesaid without inquiry as to the identity or authority of the person giving or purporting to give any instruction or the authenticity of any telephone or telex or fax or electronic mail message and may treat the same as fully authorised by and binding on us, regardless of the circumstances prevailing at the time of the instruction or amount of the transaction and notwithstanding any error,

misunderstanding, lack of clarity, fraud, forgery or lack of authority in relation thereto, and without requiring further confirmation in any form, provided that the officer concerned believed the instruction to be genuine at the time it was given;


e) to indemnify and at all times keep you fully and completely indemnified against all claims and demands, actions proceedings, loss and expenses including legal cost and all other liabilities of whatsoever nature or description which may be made or taken or incurred or suffered by you in connection with or in any manner arising out of your taking such instruction from us;


f) that on our express instruction to you, you be authorised to transfer funds from our account to another account or party where we may not be the beneficiary or sole beneficiary.


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Signature of Customer Date

 




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Signature of Customer Date