Futures Exchange Agency Agreement

Futures Exchange Agency Agreement

Agreement number: _________

Party A: _________

Party B: _________

On the principle of equality and mutual benefit, both parties have reached the following agreement on the spot and futures transactions of the _________ exchange:

1. In order to ensure the normal operation of the Shanghai Petroleum Exchange, both parties must clearly understand and strictly abide by the "China International Futures Co., Ltd. _________ Exchange Agency Business Rules" and properly perform their rights and obligations.

2. Party B has carefully read and fully understood the entire contents of the “Risk Revelation Book” provided by Party A. All losses incurred by Party B due to misunderstanding of the market conditions, Party B is fully responsible for the funds and even the assets, and Party A does not assume any responsibility. .

3. As an agent, Party A has the right to know the credit status of Party B. When opening an account, Party B shall issue a business license, legal person authorization, unit status and other relevant information.

4. In order to facilitate the cooperation with Party A, Party B may, in addition to filling in the “Buy Order Form” in person, reconfirm any method of fax, telegram, letter or answering telephone as the legally recognized entrustment method. In addition, the representative of Party B needs to sign the Legal Authorization Letter, and Party A can only accept the instructions of the B method person or his designated authorized person.

5. Setting of the margin account:

1. After the signing of this Agreement, Party B shall remit the basic margin of RMB _________ to the account of Party A within three days, which is a necessary condition for the entry into force of this Agreement.

2. Before issuing the “Buy Order”, Party B shall remit sufficient initial deposit to Party A's account. The initial margin amount is _________% of the transaction amount. Party A has no obligation to execute the order exceeding the amount of the deposit. After the transaction is closed, the initial deposit will be returned by Party A in time.

3. For futures trading, every day according to the settlement price announced by the Shanghai Petroleum Exchange, the difference between the price and the transaction price, the loss party is required to deliver the additional margin. If Party B loses ≥100% of the initial margin and fails to make up the time in time before 15:00 on the next trading day, Party A has the right to close the position on behalf of Party B. All losses and expenses shall be borne by Party B.

6. Party A's commission for Party B's transaction is _________ of the transaction amount, and Party B is responsible for paying agency commission to Party A within three days after the sale and purchase contract is concluded.

7. After the current loan contract is signed, Party B shall notify Party A to deposit the payment/delivery certificate within three days with the notice of the exchange transaction. In the case of settlement of spot transactions, Party B shall first provide a valid invoice and then collect the payment.

8. The relevant tax issues are handled in accordance with the provisions of _________.

9. Suspension of the agreement:

1. If Party B needs to suspend the entrusted relationship, Party B shall submit a written application to Party A. After Party A approves and settles the account, it shall immediately terminate the agreement.

2. If Party B fails to comply with Party A's regulations and the circumstances of the breach of contract are serious, Party A may suspend the agency relationship on the premise of recovering the loss of default and have the right to impose punishment.

X. Other matters agreed by both parties: _________ 11. The seal of Party B shall be filed with Party A.

12. This agreement is in duplicate. Party A and Party B each reserve one copy.

person A person B:_________

Representative: _________ Representative: _________

_________Year ____________________________________________

Signing location: _________ Signing location: _________