TERMS OF SERVICE FOR MEMBERSHIP OF ECEX.

This agreement is a binding agreement between you (the Member) and the
Electronic Currency Equities Exchange (ECEX.) You should review this
entire agreement before you decide whether to accept them and continue
with the registration process.

BY CLICKING ON THE "I ACCEPT" BOX IN THE SIGNUP FORM, YOU AGREE TO BE
BOUND BY THIS AGREEMENT.

MEMBERS ONLY

ECEX is a private web site for the use of ECEX members only.

EXECUTION ONLY

ECEX is an "execution only" trading service that facilitates the exchange
of investment instruments between members. All instruments exchanged on
ECEX are offered by independent third parties and you as an ECEX Member
alone are responsible for ensuring that you understand the rules, terms
and conditions of the investments. ECEX accepts no responsibility or
liability for the performance or non-performance of any company or
investment that is traded on the ECEX. You agree that your participation
in any investment traded on ECEX is entirely at your own risk.

NO OFFER OR SOLICITATION

No information published on the ECEX website constitutes a solicitation or
offer, or recommendation, to buy or sell any investment instruments, to
effect any transactions, or to conclude any legal act of any kind
whatsoever. You acknowledge that your request for membership is
unsolicited, and the provision of any information through this website
shall not constitute or be considered investment advice, or an offer or
solicitation to sell or buy any security.

LOCAL JURISDICTION

ECEX makes no representation that content or materials in this web site
are appropriate or available for use in every jurisdiction. Access to the
ECEX web site content or facilities from jurisdictions where such access
is illegal, is prohibited. Application for membership of the ECEX is made
under your own cognisance. You alone are responsible for your compliance
with applicable laws. You are strongly advised to take appropriate
professional advice before making any decision or taking any action which
might affect your personal finances or business.

TAX

ECEX does not advise on individual tax liabilities and is not responsible
for any tax liability on Members' investments. Each Member is responsible
for the compliance to relevant tax law and authorities and is advised to
seek professional tax advice.

FEES

Creation of an ECEX account is free and carries no obligation to the
Member. There are certain fees associated with the funding, defunding,
and use of an ECEX account, which can be found here.

PASSWORDS

Member is entirely responsible for maintaining the confidentiality of his
account, including but not limited to password security. Member is
entirely responsible for any and all activities that occur under the his
account. Member agrees to notify ECEX immediately of any unauthorised use
of his account or any other breach of security. ECEX will not be liable
for any loss that may occur as a result of someone else using the Member's
password, either with or without your knowledge, which is not a result of
a direct breach of ECEX site security.

ACCOUNT DETAILS

Member is entirely responsible for maintaining and updating the contact
and identifying details in his account and ensuring that the details
listed in his account are adequate to prove ownership of the account. ECEX
will not recover lost passwords or change the e-mail address for any
Member account without adequate proof of ownership.

SPAM

ECEX will not tolerate any "spam." Spam is unsolicited advertising via
e-mail or other electronic means, and includes unsolicited advertising to
individuals and lists of addresses, including but not limited to opt-in
lists. Verified spam complaints against any Member will result in his
account being closed without notice. In the event of a spam
complaint-related closure, any shares owned in the account will
automatically be liquidated on the exchange at the last closing price. All
resultant cash value and additional cash value in the Member account will
be refunded to the Member outside of the ECEX system minus a US$ 200.00
fee.

RIGHT OF REFUSAL

ECEX reserves the right to refuse and/or limit access to the ECEX web site
or terminate a Member's use of the ECEX web site at its sole discretion,
with or without cause.

ACCOUNT CLOSURE

In the event that a Member's account is closed, Member will have access to
the account only to withdraw any remaining value. Any shares or securities
owned by you will automatically be liquidated on the exchange at the last
closing price. All resultant cash value and additional cash value in the
Member account will be refunded to the Member outside of the ECEX system.
Certain causes for account closure, including but not limited to valid
spam complaints, hacking attempts by Member of the ECEX site or other
Members' accounts, frivolous, slanderous or libelous reports against ECEX
by the Member with industry authorities or service providers (e.g.
electronic currencies from whom ECEX receives service) will result in a
US$ 200.00 fee being charged from Member's closing balance. This fee does
not preclude further action by ECEX against a former member for the
aforementioned offences.

DISCLAIMER

ECEX does not warrant this website for any particular purpose. It is
provided "as is" and on an "as available" basis. ECEX disclaims any
warranty of any kind, whether express or implied, as to any matter
relating to this website, including without limitation the implied
warranties of merchantability, fitness for a particular purpose, and
non-infringement. Use of this website is at the Member's own risk.

NO LIABILITY

In no event will ECEX or its directors, officers, or employees be liable
to the Member for any direct, indirect, special, consequential, or
incidental damages related in any way to Member's use of this website,
even if such damages are reasonably foreseeable or ECEX or any other
party has been advised of the possibility of such damages.

INDEMNITY

Member agrees to indemnify, defend and hold harmless ECEX, its
subsidiaries and affiliates, and their respective officers, directors,
employees, agents, licensors, suppliers and any third party information
providers to us from and against all losses, expenses, damages and costs,
including reasonable attorneys' fees, resulting from any violation of this
agreement by the Member.

GOVERNING PROTOCOL

The terms and conditions pertaining to any information or service
appearing on the ECEX web site shall be governed and interpreted in
accordance with the Common Economic Protocols.

AMENDMENT

ECEX reserves the right to amend, update and/or modify this Agreement as
needed or as required. A minimum grace period of seven calendar days will
be allowed for Member to evaluate any change to the Agreement prior to
accepting the amendment(s). In the event that the Member does not accept
the amendment(s) Member will have access to the account only to withdraw
any remaining value. Any shares or securities owned by you will
automatically be liquidated on the exchange at the last closing price.
All resultant cash value and additional cash value in the Member account
will be refunded to the Member outside of the ECEX system.

ECEX cannot expressly or by implication guarantee a grace period for
acceptance of amendments to the Agreement which result from third party
actions, either specifically aimed at ECEX or which detrimentally effect
ECEX (e.g. if a given electronic currency were to no longer allow ECEX to
do business with it, withdrawals to and deposits from the currency would
be suspended immediately.)

ANCILLARY DOCUMENTS

It is recommended that the Member read and understand the following
ancillary documents which pertain to use of the ECEX site prior to
registering:

Arbitration and Dispute Resolution
User FAQ
ECEX Fees
Anti-Money Laundering Policy and Procedures