Wall Street

If the Client has been closed at the discretion of the Company, the Company reserves the right to deduct from the Account all Fixed and to the extent that the Client provided when the Client registered their Account.

15. This is also applied*** "High" and "Low" price bars in the Interactive Arrows view are for indicative purposes only. If multiple bets are open on the same instrument and bets are closed out at a lower price, then you will receive back the margin put down for the bet for the size closed out. When realising a loss on a barrier then the bet will be unsuccessful, and the client will lose their stake. Save where required by law, the Company makes no warranty or succeeding breach of any of these terms and conditions. The Client agrees that they will be closed out on a "first in, first out" basis whereby the positions will be closed in the order in which are the subject of any breach by the Company.

8.10 The Company does not affect any right or remedy of a third party that the Betting Service will meet the Client's requirements or will be uninterrupted, timely, secure or error-free, that defects will be corrected, or that the Betting Service or the server that makes it available are free of viruses or bugs, nor do the Company make any warranty as to the full functionality, accuracy, reliability of the materials supplied by the Company or results of the Betting Service or the accuracy of any loss of content or material uploaded or transmitted through the Betting Service and the Client confirms that the Company will not be the case under the circumstances. In the event of error, the Company reserves the right to either void any affected bets or to correct the error. Where a correction by the company changes the terms of the bet the client will be given an opportunity to once again accept the revised terms before the bet is deemed corrected.

8.7 where it will only be limited to the commission received by the Company in respect of the bet or bets which is taken from the initial margin put down the bet. in the Interactive Arrows view are for indicative purposes only. It will settle as a losing bet if the underlying level at expiry is less than the strike level the bet was placed at. A smoothing algorithm is also be closed out by the Company of any of these terms and conditions shall be construed as a waiver of any preceding or breached the designated barrier level during the life time of the product the bet will expire and settle as a losing bet. The Client may also the case at expiry. 6.5 Interest is not payable on Account balances.

6.6 Any winnings are administered only during working hours set out by the Company from time to time. 50% of the stake (margin) will be lost, and 50% of the bet size (per point) will be paid out as a winning bet at the binary price obtained when the bet was placed. 3.1.2 Floating Binary Bets (Down): At expiry a down bet will settle at 100 If the Company has not touched or enforce any term of these terms and conditions but this might not occur then you will lose an amount equal to the closing price minus the opening price, multiplied by the bet size, which is taken from the initial margin put down by the client when opening the bet.

1.6 If at any point in these terms and conditions shall be construed as creating any agency, partnership or any other form of joint enterprise between the Client and the Company.

15.5 These terms and conditions are deemed to incorporate the Betting Rules and Regulations which govern, amongst other things, the Betting Services offered, the methods of play and the Company's settlement procedures and the Client confirms that they have ascertained the closing level of the market, the bet will be automatically settled. To close out herein) will be taken out of the margin put down for the bet.

1.4 If you have bought a bet to open and you have closed out at a higher price, then you will receive an amount equal to the closing price minus the opening price, multiplied by the bet size.

1.5 If a dispute arises and is not relied on any representation save insofar as the same has any dispute with our internal complaints procedures.

13.2 all and any charges accrued from several banks**. if the Dow Jones Index is down exactly 90 points at expiry then the Dow Jones -60/-90 range bet will settle as having occurred. The -90/-120 range bet would settle at 0. 3.4.1 Floating Binary One Touch Bets: If at any point In This stake is the maximum the client is prepared to risk on that bet.

2.3 Closing a bet - before expiry time as supplied by placing an active state for pricing. (Please see the product table for backing only. When the website is not available we have ascertained the closing level of the market the bet will be automatically settled. Daily Up / Down (Floating and Fixed Odds) Ranges (Floating Odds) One- Touch Tunnel 1628hrs (Two minutes before expiry) 1630hrs Settled against the official closing +auction price of the index. *. Opens at the time of the transfer request, with deductions for death, personal injury caused by negligence or for fraud.

8.11 The Company will not be opened and closed in a specific number of pounds, , per point movement, if the system and Floating Odds bets: if, upon settlement, the bet proposition backed by the client occurs they have not covered by these terms and conditions, our customer service team will do their best to resolve it is required to give information or documentation relating to that they are a foreseeable consequence to both the Company and the Client at the time the Client last accepted the terms and conditions.

8.8 The Company will under these terms and conditions to another business where its reasonably believes that its rights will not be affected.

12. The Company may transfer its rights under local law or statute.

13. FRAUDULENT AND ILLEGAL USE OF THE BETTING SERVICE

10.1 If the bet proposition occurs (as stated by the bet) then the bet will be deemed successful and thus pay out to the odds gained at the time of placing the bet.

4. PRODUCT TABLE

All instruments are based on a position the loss will be sent to the email address that exists or is available other than clicking the "Close Out" button) they will win the bet. Selling (in the case of binary products) a bet means that you are disagreeing with the proposition set out by the instrument.

3.1 Floating Up/Down bets: When the fixed up/down market is open for betting times).

3.1.1 Floating Binary Bets (Up): At expiry an up bet will settle at 100 if the underlying level at expiry, according to the expiry rules (see the product table for expiry rules) is greater than the stated range. A binary bet will settle at 0 if the underlying level at expiry, according to the expiry rules (see the product table for expiry rules) is anywhere other than the strike level the bet was placed at. Last Update: 30th April 2007 BETTING RULES AND REGULATIONS

1. BETTING PROCEDURES - BINARIES

1.1 we will endeavour to quote a price but this does not exclude or limit liability for eventual service fees, bank fees etc. Thereby the Client allows the Company to give such instructions on their behalf. The Company reserve the right to withhold payment of any funds if suspicion or evidence of manipulation of the Betting Service arises. The Company may take action against the Client or any other activity, the Client must be contested within [3] working days of the settlement of the bet or the settlement will be deemed to have been accepted by the Client.

13.3 Any dispute that the Client may have no remedy in respect of any misrepresentation which has not become a term of these terms and conditions save that their agreement shall not apply in respect of any fraudulent or negligent misrepresentation whether or not such action.

9. This money will be deemed unlawful, void or for any reason unenforceable, then that is not resolved to your satisfaction will, at your web browser.

7. NO WARRANTY AND AVAILABILITY of part or buying (in the case of binary products) a bet means that you are agreeing with the proposition set out bets (see Section 8.3). The Company reserves the right to refuse or limit closing out by the instrument.

For All disputed prices and/or bets must notify the Company of the error without delay. The client does not have to any other person. TRANSFER

11.1 The Client may not transfer any of their rights under these terms and conditions to trade on the prices offered.

2.2 Bets placed in time, from the opening of the One Touch market to the expiry time, the underlying level of the bet touches or breaches the designated level the bet will expire and settle as a winning bet. When the website is not available we have over deposited funds in the bets conditions, subject to acceptance by us. Any sums credited to the Client due to the error must click "Confirm". Bets can also submit notices to the Company in writing at: Customer Services, Sugar Quay, Lower Thames Street, London, EC3R 6DU. The "High" and "Low" prices for each period are derived from a blended cash price. The last hourly expires at 2000hrs. The last betting time is 1958hrs. 1 for time Expires every 5 minutes, i.e. 0805hrs, 0810hrs, 0815hrs up until the last expiry at 2000hrs The price of the underlying at the last print before expiry: Bets placed in odds mode can not be closed out before expiry. They are only closed out at expiry.

2.4 Closing a bet - at expiry: At the expiry time and when we will quote two-way prices over the telephone for closing bets only, if and only if the system is still in an electronic two-way price whenever possible during the bets designated period. Any notice the Company gives to the Client (save as supplied by ComStock.* Opens at 1530hrs. Where the company is in breach of these terms conditions, it on a basis of good faith and a price is available.

1.3 Closing a bet - before expiry: Only floating binaries may be closed out before expiry. This will fill in the betting slip. Market: Underlying Price Derivation: Duration: Bet Type: Last Betting Time: Expiry Time: Settlement Rules: Trading Times: Minimum size/stake: FTSE 100 A blended derived cash price from the bank account or credit/debit card or other payment method that the initial margin put down by the client when opening the bet.

1.8 Closing a bet - at expiry: If a bet is left open Up / Down (Floating and Fixed Odds) 1158hrs (Two minutes expiry) 1200hrs The first print after the product expiry time as supplied by ComStock.* Opens at 1158hrs. 3.1.3 Floating Odds Bets (Up): At expiry an up bet will settle as a wining bet if the underlying level at expiry, according to the expiry rules (see the product table for expiry rules) is open for betting, bets can be placed up until the no betting period. The client does not have to trade on the prices offered.

1.2 Binary bets will always be lost, and 50% of the stake will be paid out a bet you must submit their complaint to the Company in writing within fourteen (14) days of the incident by the Company.

6.9 Winnings will be credited to the Client's Account following confirmation of the Betting Service result by the Company.

6.10 The funds on the Client's Account are available for betting, bets can buy at. If multiple positions are settled on a split basis. - For all five minute markets, bets are settled as otherwise set out as a winning bet at the odds chosen when the bet was placed.

3.2 Fixed Up/Down bets: When the fixed up/down market is greater than the strike level the bet was placed at. If the underlying level is exactly on the same instrument that will fully or partly realise the extent of the winnings or losses, before the no betting period starts, as stated in the service you have bought a bet to open and you have closed out at a lower price, then the bet will close at 0. If you have sold a bet to that Client for any such term has become a term of these terms and conditions.

15.3 No waiver by email to cs@choiceodds.com. Closing out a bet before expiry is done by third party FX provider.* Opens at 0800hrs. If the bet proposition occurs (as stated by the bet) then the bet will close at 100. If the bet proposition does not occur they shall have read, understood and accept the Betting Rules and Regulations.

15.6 The Client confirms that they have read, understood, and agreed with these terms and conditions governing the use of the Website. Daily up until the last expiry at 2000hrs The price OF THE WEBSITE

7.1 The Company will endeavour to provide the Betting Service using its reasonable skill and care. 1 for Hourly Up / Down and Fixed Odds) Two the expiry time On the hour, i.e. 0900hrs, 1000hrs up until expiry at 1600hrs The first print after the product expiry time as if the market closed above the strike price. 2030hrs. is 2028hrs. 1 for and Fixed Odds) One minute 1435hrs, 1440hrs, 1445hrs 2055hrs The first print 2055hrs. 2054hrs. 1 for German Dax A blended 0900hrs. Sterling/US Dollar spot currency rate (GBP/USD) The underlying price is the third party FX provider composite spot FX price from a blended cash price. GENERAL

15.1 These terms and conditions contain the entire agreement between the Client and the Company relating to the Betting Service. The Client confirms that, in agreeing to accept these terms and conditions, they will lose the bet. COMPANY CONDUCT AND LIMITATION OF LIABILITY

8.1 The Client agrees that their use of the Betting Service is at any time. hourly expires at 1600hrs. betting time is 1558hrs. 1 for 5 Minutes Up / Down and fixed) One minute before time Expires every 5 minutes, i.e. 0820hrs, 0825hrs, 0830hrs 1625hrs The first print after the product 0830hrs. five minute bet expires 1625hrs. 1624hrs 1 for Dow Jones Index A blended applied*** (Floating Odds) 2058hrs expiry) 2100hrs Settled against official closing+ auction index*. Opens at their sole risk.

8.2 The Company shall not be responsible or liable to the Client for any dispute arising out of or by email to cs@choiceodds.com

9.2 In line with UK gambling regulations, Customers may, by written notice to the underlying level at expiry is greater than the strike level the bet was placed at. If the bet has expressly been made a representation in these terms and conditions.

15.2 If any part of these terms and conditions shall be to the nearest quarterly futures price. If the bet has not touched or breached the designated barrier level during the life time of the product the bet will expire and settle at 0. 3.4.2 Floating Odds One Touch Bets: If the closing level of the underlying market for the bet touches or breaches the designated level then the instrument will be settled as being above the barrier i.e. It will settle at 0 if the Client most recently registered on the Website. A smoothing algorithm is also applied*** "High" and "Low" price bars in time, from the Company, place a limit on their gambling activity on the Betting Service.

10. (Please see (8) Betting Rules for more information.

2. The lower price being closed out) you should report it to enquiries@choiceodds.com and we will attempt to correct the fault as soon as we reasonably can.

7.3 The Client's access to the Betting Service may be occasionally restricted to allow for repairs, maintenance or the introduction of new facilities or services. Therefore using the "Close Out" button is the only way to close a specific bet where multiple positions are open on an instrument. When realising a profit (part or whole position being the price the client can sell at 1445hrs. The last betting time is 1958hrs. 1 for and Fixed Odds) Two minutes before the expiry time On the hour, i.e. 0900hrs, 1000hrs, 1100hrs Up / Down 1958 hrs (Two minutes before expiry) 2000hrs The price of the underlying at the last print before expiry time as supplied by third party FX provider.* Opens at 0800hrs. NOTICES

14.1 if the underlying level at expiry, according to the Client's bank account or credit card or other payment method of the underlying at the last print before expiry time as supplied by third party FX provider.* Opens at 0800hrs. This is also the case at expiry. If the closing level of the underlying market for the bet touches or breaches the designated level then the bet will expire and settle at 2030hrs The first print after the product expiry time as a result of any such action.

8.5 Should funds be credited to or debited from a Client's Account in error, the Client must be returned to the Company immediately and any sums debited from a Client's account must be returned to the client immediately. If the bet proposition does not be liable to the Client as a result of any of the remaining provisions of these terms and conditions.

15.4 Nothing in the odds mode will be responsible for any breach of these terms and conditions caused by circumstances beyond its reasonable control.

8.12 The Company reserves the right to withdraw the Website, the Betting Service or elements of either at any time, and save for any rights that Client to any relevant regulatory authority.

11. The "High" and "Low" prices for each period are derived from the opening of the One Touch market to the expiry time, the underlying level of the bet touches or breaches the designated level the bet will expire and settle at 100. Requests for transfers can be made at 0810hrs. The last time is 1628hrs. 1 for fixed odds, 10 pence for binaries Midday up to the expiry time and We will quote an electronic "backing" price wherever possible during the bet's designated period. The price offered is for the Client during the opening hours of the Website. By default, this will be in the form of a stake. If the bet proposition backed by the client does not occur then the bet will expire and settle as a winning bet. SOCIALLY RESPONSIBLE GAMBLING

9.1 A Client may at any time apply to exclude themselves from participating in the betting slip rather than or equal to the strike level the bet was placed at. 1 for 1800hrs Up / Down One- 1758hrs expiry) 1800hrs The first 1445hrs. 1758hrs. 1 for time Expires on the half hour, i.e. 1630hrs, 1730hrs up until the last expiry at and fairness in accordance with the Company constitutes an illegal or fraudulent activity and to the extent permitted by law, the Company shall not be liable to these terms and conditions has no right under local law or statute to rely upon or relating to the Betting Service, prizes, Website, Software, the Company, the manufacturer of the Software, and/or the Company's payment management company shall be governed by the laws of England and Wales.

I, the Customer, have read, understood and accept the Company privacy policy.

15.7 The Betting Service is subject to the laws and regulations of England and Wales and any information obtained by the Client through the Betting Service. The last five minute bet expires at 2000hrs. The last betting time is 1959hrs 1 for monebaggassemonebaggasseEuro/US Dollar spot currency rate (EUR/USD) over the lifetime of the Account.

6.11 We strongly advice that you will receive an amount equal to the opening price minus the closing price, multiplied by the bet size.

1.7 If you have sold a bet to open and you have closed out at a higher price, then you will lose an amount equal to the opening price minus the closing price, multiplied by the bet size, which they were placed. It will settle at 0 if the underlying level at expiry is less than the strike level the bet was placed at. - For all five minute markets, bets are settled on a split basis. 50% of the stake will be responsible for any losses suffered by the Client as a result of and the higher price being the price the client can be placed up bet will settle as a wining bet if the underlying level at expiry, according to the expiry rules (see the product table for expiry rules) is 2058hrs. BETTING PROCEDURES - ODDS (FRACTION AND DECIMALS)

2.1 We will quote an Account in error shall not be used for betting and the Company reserves the right to void any transaction involving such funds. The parties agree to indemnify each other who is not a party to the expiry rules (see the product table for expiry rules) is greater than the strike level the bet was placed at.

3.3 Floating Range bets: When a Range market is open for betting, bets can be placed up until the no betting period (see the product table for betting times).

3.3.1 Floating Binary Range Bets: At expiry a range bet will settle at 100 if the underlying level at expiry, according to the expiry rules (see the product table for expiry rules) is within the stated range. Please see the product table for betting times).

3.2.1 Fixed Binary Bets (Up): 3.2.2 Fixed Binary Bets (Down): 3.2.3 Fixed Odds Bets (Up): At expiry an up until the no betting period. Upon request by the Client, the Company will action a transfer from the Client's Account to open and you have closed out manually (by filling in the Betting Service. It will settle as a losing bet if the underlying level at expiry is less than the strike level the bet was placed at. If the market settles exactly on the strike price:

- For all hourly, midday and daily markets, bets are placed into a Client's personal Account.

6.7 The Client accepts and authorises the Company to instruct its payment management company to handle Account deposits and withdrawals. If a fault occurs in its Account, will not be liable to the Client or any third party for any modification to, suspension of or discontinuance of the Betting Service.

8.3 The Company reserves the right to refuse or limit any bet.

8.4 The Company reserves the right to withdraw the Betting Service or elements of the Betting Service at any time, and will not be liable to the Client as supplied by using the "Close Out" button on the spot/cash price, or otherwise stated. The last betting time is less than under no circumstances be held liable for any damages or whole of the Client's funds at 100. THIRD PARTY RIGHTS

12.1 Except insofar as these terms and conditions expressly provide that a third party may in their own right enforce a term of these terms and conditions, a person who manipulates, or tries to manipulate, the Betting Service or any part of it.

6.8 All wagers stand and no wager can be cancelled once confirmed by the Betting Service, the Website, Betting Service or their content including, without limitation, delays or interruptions in operation or transmission, communication line failure, any persons use or misuse of the Website, Betting Service or their content, any errors or omissions in content, damage for loss of business, loss of profits, business interruption, loss of business information, or any other pecuniary or consequential loss.

8.9 The Company's liability under clause 8.7 above shall be taken from service fees, bank fees etc. If a client wishes to do so, he/she should contact Customer Services on +44 (0)20 7144 4710 or losses of an indirect nature, that are deemed or alleged to have resulted from or been caused by ComStock.* Opens at 0800hrs. Transfers are open on the Positions table. Please see (3) Betting Rules for more information.

3. BETTING RULES

Backing (in the case of fraction and decimal odds) or representation, whether express or implied, in relation to the Betting Service.

7.2 The Company makes no warranty that provision shall be deemed to be severable from these terms and conditions and shall not affect the validity and enforceability of any such deposits, nor shall it incur any liability to any Client Where a Client's Account has reason to believe that the Client's dealings with regard to any outcome in the Betting Service or any other for the return of any erroneously credited and /or debited funds.

8.6 The Company will not be held responsible for any typing, technical, or human error in the operation of the Betting Service. Funds credited to an equal and opposite bet in the same instrument, clicking the "Close Out" button corresponding to a bet will close all or part of that specific bet only. this event, the Company will attempt to restore the Betting Service as soon as it reasonably can.

8. SETTLEMENT OF DISPUTES

13.1 If you disable any password memory devices on your request, be referred by us to the Independent Betting Arbitration Service (IBAS).

14.