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Account Holder :
Account number:
(filled by Dukascopy)
V.12.01.2010

TRADING POWER OF ATTORNEY / SERVICE FEE AUTHORIZATION

The undersigned (the “Client”) hereby grants a power of attorney to the following person/legal entity (the “Service
Provider”), with no right of substitution:



Service Provider’s Name, Surname/Corporate Name: Zulutrade Inc



Address : 48 Wall Street New York, NY 10005 USA

I will use a service of my own selection (hereinafter “My Program”) of the Service Provider, which will generate trading
signals/orders, on my behalf, on the SWFX Marketplace Trading System.

I hereby authorize and direct Dukascopy, with full binding effect, to enter trades for my account in accordance with trading
signals generated by My Program. Additionally I acknowledge and agree to the terms and conditions as follows:

1. In relation with this Trading Power of Attorney/Service Fee Authorization, I hereby acknowledge, understand and
agree that Dukascopy has no insight in the trading signals generated by My Program and that Dukascopy has no duty
whatsoever and will not monitor, analyse, interfere in, or opine on, the trading signals/strategy executed by My
Program on my behalf. Dukascopy has no duty to inform or to alert me in relation with the trading activity performed
on my account. If I have questions, I will contact Dukascopy immediately.

2. I confirm that Dukascopy has not solicited, or in any other way recommended the Service Provider and/or the use of
My Program. I have made inquiries and conducted research into My Program/Service Provider sufficient to make an
informed investment decision.

3. I will not hold Dukascopy liable for any losses incurred by me as a result of the Service Provider’s violation of his
responsibilities and/or non-compliance by the Service Provider with instructions given by me.

4. I undertake to keep Dukascopy harmless and fully indemnified against any and all losses, direct and indirect damages
whether financial or not, resulting from my Service Provider’s acts or omissions.

5. I hereby confirm that I am fully responsible for any overdraft resulting on my margin account with Dukascopy from
orders placed by the Service Provider. I am aware and agree that Dukascopy is not liable for any losses or damages
directly or indirectly arising from a delay or refusal in executing transactions placed with Dukascopy.

6. I hereby accept full responsibility for all actions undertaken by the Service Provider and expressly ratifies any
transaction which has been or will be executed on instructions given by the Service Provider on my behalf with regard
to any assets in my margin account with Dukascopy.

7. I fully understand that hypothetical back-testing and real-time track records are not necessarily indicative of future
performance. Dukascopy cannot imply or guarantee that I will make a profit from the use of My Program and I agree
that neither Dukascopy nor any of its officers, directors, employees, agents or affiliates will be held responsible for
performance or trading losses incurred in my account as a result of the trading pursuant to My Program. I fully
understand that the trading signals are produced by My Program and not by Dukascopy and that Dukascopy’s
responsibility is to use commercially reasonable efforts to enter orders pursuant to My Program and as received by
Dukascopy. Dukascopy shall only grant an access to the Service Provider to the SWFX Marketplace Trading System
for the execution of the trading signals/orders generated by My Program and is not a party to any agreements
between the Service Provider and me.

8. I understand that using My Program to generate trading signals exposes me to risks associated with the use of
computers and data feed systems relied on by Dukascopy. I agree to accept such risks, which may include, but are
not limited to, failure of hardware, software or communication lines or systems and further agree to hold Dukascopy
harmless from any losses in my account associated with these risks. Neither Dukascopy nor any of its officers,
directors, employees, agents or affiliates will be held responsible for any such breakdown or failure.



Dukascopy (Suisse) SA, ICC, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland
Tel: +41 (0) 22 799 4888, Fax: +41 (0) 22 799 4880
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Account Holder :
Account number:
(filled by Dukascopy)
V.12.01.2010

9. I confirm that I have understood the risk mitigation tools put at my disposal by Dukascopy, in particular the “Stop Loss
Level” functionality which allows me to set minimum amount for my account to stop automatically trading activity and
the possibility to instantly interrupt the trading, myself, at any time, by accessing my online account reporting.

10. Dukascopy may act upon the authority given by this Trading Power of Attorney/Service Fee Authorization until I
revoke it by written notice addressed and actually delivered to Dukascopy. I shall be responsible for any open
exposure in my account at the time that I revoke the authority and I shall permit Dukascopy to close any such
exposure. This Trading Power of Attorney/Service Fee Authorization shall not be terminated upon my and/or Service
Provider’s death, legally presumed death, bankruptcy or my and/or loss of legal capacity or any other causes of
termination set forth in Articles 35 and 405 of the Swiss Code of Obligations, unless stated otherwise in writing.

11. Any amendments to this Trading Power of Attorney/Service Fee Authorization and its annexes shall be in writing. The
terms and conditions of the Marketplace Trading Agreement remain valid and apply to this Trading Power of
Attorney/Service Fee Authorization.

12. This Trading Power of Attorney/Service Fee Authorization is governed by the Marketplace Trading Agreement of
Dukascopy and the margin account opening forms. In case of discrepancy between the terms of the Marketplace
Trading Agreement and this Trading Power of Attorney/Service Fee Authorization, the terms included herein shall
prevail.

By signing this Trading Power of Attorney/Service Fee Authorization I acknowledge that I have been apprised of
the volume of trading and resulting commissions to be generated by the use of My Program, the impact this may
have on the performance of the trading and the possible conflicts of interest if the Service Provider’s fee structure
is based on volume of transactions. I undertake to monitor and to control regularly and frequently the trading
activity on my margin account, in particular by accessing online reports made available by Dukascopy.
Additionally I acknowledge that I am aware of the speculative nature and high risks associated with FOREX
trading, the mechanisms, characteristics and high degree of volatility of the FOREX market. I understand and
agree that FOREX trading might result in total loss of funds deposited on my margin account and that
consequently, only “risk” funds should be used in such trading. Account holders that do not have the extra
capital that may be subject to a total loss, should not trade in the FOREX market. No “safe” trading system has
ever been devised, and no one can guarantee profits or freedom from loss. I confirm my acceptance and
understanding of Dukascopy’s Risk Disclosure. I have had the opportunity to ask questions on risks, on how my
account will be handled and the commissions charged to my account. I hereby certify that I have understood any
and all risks related to the present Trading Power of Attorney.


Place and date: _______________________________________




Signature of the Client: _________________________________



_________________________________







Dukascopy (Suisse) SA, ICC, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland

Tel: +41 (22) 799 4888, Fax: +41 (22) 799 4880




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Account Holder :
Account number:
(filled by Dukascopy)
V.12.01.2010


SERVICE PROVIDER’S FEE SCHEDULE


Service Provider’s Name, Surname/Corporate Name: Zulutrade Inc

I hereby ratify and confirm that I fully understand and agree the fee structure applicable by Dukascopy as set forth in the
Marketplace Trading Agreement, Dukascopy’s website, as well as the present fee schedule of the Service Provider.

In consideration for my use of My Program, I hereby authorize Dukascopy to debit my account(s) and to pay the Service
Provider in the following amounts:



Management Fee*:
50 USD per one million USD traded


*The Management Fee is based on volume traded on Dukascopy’s trading platform (SWFX). For each amount of USD 1’000’000.- (one
million) traded the client will be charged the USD amount mentioned above (or equivalent in another currency).


I acknowledge that, in addition to the fees mentioned above which are directly paid to the Service Provider,
Dukascopy may, at its own discretion, retrocede a part of its remuneration and collected fees to the Service
Provider. I am also informed that the Service Provider may retrocede to third parties a part of the fees received
from Dukascopy. It is the Service Provider’s duty to inform me of any retrocession received and the amount
thereof.

Dukascopy will hereby facilitate the above instructions without further instruction or confirmation from the Service Provider
or Account Holder, unless otherwise notified in writing. Dukascopy will make reasonable efforts to credit the Service
Provider for the fees due for each period of payment. Notwithstanding the foregoing, if I request a withdrawal and/or
transfer from my margin account(s), and if there are insufficient funds available to pay the amounts due to the Service
Provider as a result of such request or other action taken by me, I understand and agree that my request may not be
processed for the full amount requested and that Dukascopy is authorised to withhold the due fees.

I remain at all time liable to the Service Provider for the payment of the Service Provider’s fees and will hold Dukascopy
harmless in case the Service Provider claims the payment of the fees or any other expenses against Dukascopy and
should the amount deposited on my margin account(s) not be sufficient to settle the due fees.

Dukascopy shall not be held liable for any verification regarding the amounts of fees and will not be held responsible for
any miscalculation or non-payment of said fees as directed by the Service Provider and/or the Client or for any reason
whatsoever.

This Service Provider’s Fee Schedule is part of the Trading Power of Attorney/Service Fee Authorization.


Place and date: _______________________________________


Signature of the Client: _________________________________



_________________________________

Dukascopy (Suisse) SA, ICC, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland

Tel: +41 (22) 799 4888, Fax: +41 (22) 799 4880





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