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Engagement Agreement

Engagement Agreement

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 This Engagement Agreement involves

INDO GLOBAL EXCHANGE(S) PTE, LTD.

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Title: ENGAGEMENT AGREEMENT
Date: 6/5/2014
Industry: Gold and Silver     Sector: Basic Materials

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ENGAGEMENT AGREEMENT

 

BETWEEN

 

INDO GLOBAL EXCHANGE (S)- INTERNATINAL GLOBAL EXCHANGE (AUST)- PT GRIYA MATAHARI BALI & KINA SECURITIES

 

REGARDING

 

PAPUA NEW GUINEA

       

 

 

 

 

  ISSUED ON:

  25 TH NOV 2013

 

 

 

 

 

  PRIVATE AND CONFIDENTIAL

 

 

 

 

 

This document contains proprietary information belonging to IGEX. It may be used by the recipient to whom it is addressed only for the purpose of contract decisions and post-award monitoring of service delivery. The copyright in this material remains the property of IGEX and no part of this proposal may be reproduced without the written permission of IGEX 

 

 

 


 

 

  Contents

 Page

 INTRODUCTION

 4

 OBJECTIVE

 4

 APPOINTMENT OF IGEX PTE LTD, IGEX AUS LTD, PT GRIYA MATAHARI BALI, AS SERVICE PROVIDER

 4

       Appointment

 4

       Service Summary

 4

 IGEX SERVICE STRUCTURE

 5

       Service Summary

 5

       The Product

 5

       Product Integration

 6

       Seminar Programs

 6

       Referred Client Support

 7

       Referred Client Account Structure

 7

       Partners

 8

       Governance and Transparency

 8

 COMMISSION & FEE STRUCTURE

 9

 EXECUTION

11

 APPENDIX 5 – TERMS AND CONDITIONS

12

 

 

2


 

 

Service User:

 

Name

KINA SECURITIES LIMITED

Address

2 ND Level, Deloitte Tower

Douglas Street, Port Moresby, National Capital District

Papua New Guinea

Attention

Rick Tan

Service Providing Licensee:

 

Name

INDO GLOBAL EXCHANGE (S) Pte.Ltd d.b.a. IGEX (“IGEX”)  

ABN/Company reg no.

 

Address

Standard Chartered Building, JL Prof.

Dr. Satrio Kav 146, 30 th Floor

JAKARTA, INDONESIA

Attention

John O’Shea

Service Providing Corporate:

AAuthorized Representative:

Name

INTERNATIONAL GLOBAL EXCHANGE (AUST) PTY LTD

ABN/Company reg no.

59 166 674 454

Address

60 CLOVEMONT WAY

BUNDOORA, VICTORIA 3083, AUSTRALIA

Attention

George Sarros

Service Providing Corporate

Authorized Representative:

Name

PT GRIYA MATAHARI BALI

Address

JALAN PANTAI BERAWA #122

CANGGU, BALI 80361, INDONESIA

Attention

John O’Shea

 

 

3


INTRODUCTION

 

1.

This document represents an Agreement between Indo Global Exchange(s), International Global Exchange (Aust) Ltd Pty, PT Griya Matahair Bali (please see appendix 1 for certificates of incorporation). and KINA SECURITIES LIMITED (KINA SECURITIES) for the provision of services as set out in this document.

 

2.

This document contains details regarding the extent and nature of the services to be provided,

 

OBJECTIVE

 

To presents the details regarding the extent, nature and conditions of the services to be provided that follow discussions between IGEX and KINA SECURITIES in November 2013.

 

3.

By means of the IGEX service model, to provide KINA SECURITIES referred clients with the capacity to improve revenue and profitability.

 

APPOINTMENT OF IGEX PTE LTD, IGEX AUS LTD, PT GRIYA MATAHARI BALI, AS SERVICE PROVIDER

 

Appointment

 

Kina Securities appoints IGEX, IGEX (AUST) and PT Griya Matahari Bali, thereafter all three referred to as IGEX and its authorized representative, John O’Shea and George Sarros to provide the following services:

 

To provide KINA SECURITIES referred clients with use of IGEX’s comprehensive online trading platform (IGEX Trader platform), which offers the following market access to its clients:

 

 

a)Over 30 global equity exchanges for trading in securities

 

 

b)Over 30 global equity exchanges for trading in Contracts for Difference (CFDs)

 

 

c)Over 180 currency pairs in spot (cash), forwards and options

 

 

d)Gold and silver trading in spot (cash), forwards and options

 

 

e)Global commodity futures exchanges including financial futures

 

 

f)Indices and commodity CFDs

 

Service Summary

 

Through the formal partner agreements that IGEX PTE LTD and IGEX (AUS) have with Halifax and Axitrader, which are attached in the appendix, IGEX will act as administrator, promoter, educator and integrator for all KINA SECURITIES referred clients.

 

4


 

IGEX will monitor any developments on the transactions that occur in the accounts of KINA SECURITIES referred clients as part of IGEX’s account management system.

 

The IGEX account management system will help KINA SECURITIES referred clients to monitor and control their trading accounts 24 hours a day without limits and for any kinds of technical and market analysis support.

 

IGEX SERVICE STRUCTURE

 

About Us

 

4.

Indo Global Exchange has established a formal partner agreement with Halifax and AxiTrader. Representatives of these entities will be considered representatives of Indo Global Exchange and any and all discussions are considered private and confidential and any Intellectual Property provided by these parties is considered property of Indo Global Exchange. Please refer to Appendix 2 A&B. (A) is Halifax Clearing and Settling Agreement (B) is Axitrader Introducing Broker  agreement

 

Service Summary

 

5.

IGEX will act as administrator, promoter, educator and integrator for all KINA SECURITIES referred clients.

 

6.

IGEX will monitor any developments on the transactions that occur in the accounts of KINA SECURITIES referred clients as part of IGEX’s account management system.

 

7.

The IGEX account management system will help KINA SECURITIES referred clients to monitor and control their trading accounts 24 hours a day without limits and for any kinds of technical and market analysis support.

 

The Product

 

8.

IGEX will provide full use by KINA SECURITIES referred clients of its Trader platform, a fully functional globally centric trading and portfolio management platform as a web based application. Features of the platform include:

 

 

a)

Access to 21 global equity exchanges

 

 

b)

Access to CFDs, currencies, gold and silver, and futures

 

 

 

c)

Market to market real time portfolio valuation on all assets

 

 

d)

Full transparency in account functions including cash movement

 

 

 

5


 

 

e)

Account statements in real time

 

 

f)

Full audit trail on client activity

 

 

 

g)

Live streaming news

 

 

h)

Full charting and technical analysis functionality

 

 

 

i)

Fully functional simulation platform for education purposes

 

 

j)

24 hour technical help desk

 

 

 

k)

Account manager for all accounts

 

 

l)

Phone access for clients

 

 

 

m)

On line chat facilities

 

Product Integration

 

9.

As and when required, KINA SECURITIES referred clients will have full access to the IGEX Trader simulation platform and the live IGEX Trader platform from a number of sources. These sources will be further refined and developed as required from time to time based on ongoing discussions between the parties and consideration of demographic and location factors.

 

10.

IGEX will also provide KINA SECURITIES referred clients with the following:

 

 

a)

A prominent banner or tile on the website home page

 

 

b)

Seminar programs introducing the services in Port Moresby

 

 

 

c)

Certain strategic initial offerings, which may include discounted brokerage, free software, magazine subscriptions and the like.

 

Seminar Programs

 

11.

IGEX will provide a range of seminars as required, including all speakers, content, and requisite software, with the seminars to be branded as KINA SECURITIES seminars and held at locations required by KINA SECURITIES. The seminars will be on 3 levels of competency, will be free, and may include:

 

 

a)

Introductory content to introduce the product and instruction on how to use it, as well as issuing of the simulation platform to attendees to practice on before they commit capital

 

 

b)

More advanced content focusing on capital protection and growth utilizing strategies of risk management, hedging and decision making processes for higher probability of achieving individual goals

 

 

 

c)

Building of individual trading plans targeted at members achieving their objectives and goals and satisfying needs

 

 

d)

Technical and fundamental analysis

 

12.

The seminar programs will be fully flexible and will be provided as part of IGEX’s ongoing commitment to the project to ensure that KINA SECURITIES referred clients receive the latest in technology, service and education.

 

 

6


Referred Client Support

 

13.

KINA SECURITIES referred clients will have full access to IGEX’s facilities as and when they require it, including but not limited to:

 

 

a)

24 hour technical support

 

 

b)

Personal account manager

 

 

 

c)

Remote phone access to staff

 

 

d)

Ability to place phone orders or amend orders

 

 

 

e)

Private remote chat facility

 

 

f)

Free seminar programs including webinars

 

 

 

g)

Free software upgrades

 

 

h)

Technical and fundamental analysis

 

 

 

i)

Free fully functional simulation platform

 

 

j)

Help desk for technical issues

 

 

 

k)

One on one platform instruction

 

 

l)

Free charting package

 

Referred Client Account Structure

 

14.

KINA SECURITIES referred clients will be contracted to Halifax under its normal contractual agreements as required under its license. All funds of KINA SECURITIES referred clients will be held in segregated trust accounts to be established at Halifax. This structure will create the following for KINA SECURITIES referred clients: Please refer to the Appendix 3 for client application forms of Halifax and Axitrader and to Appendix 4 for PDS documents of Halifax and Axitrader

 

 

a)

All compliance issues relating to advice will be assumed by IGEX Halifax and AxiTrader

 

 

b)

KINA SECURITIES will not pass its client details to any third party competition for ultimate marketing of product by the third party

 

 

 

c)

Halifax will assumes all “Know Your Client” criteria as detailed by ASIC and AUSTRAC in relation to the product

 

 

d)

All back and front office processing will be completed and maintained by IGEX and Halifax and AxiTrader

 

 

 

e)

Kina Securities, will have full access to back office functionality allowing full view of all client activities as grouped or individual

 

 

f)

Kina Securities will have full access to trade and take positions on behalf of clients with appropriate authority as required under its licenses or licenses supplied via IGEX and their partners.

 

15.

Benefits to KINA SECURITIES referred clients will include support, education and instruction, superior software, and capability to trade in markets other than those domiciled in Australia, all at a lesser rate than they currently pay.

 

 

7


 

Partners

 

16.

IGEX works with International Global Exchange (Aust) Pty Ltd, Halifax Investment Services, AxiTrader as its clearing and settling partners globally. IGEX is supported by sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options.

 

Governance and Transparency

 

17.

KINA SECURITIES referred clients will benefit from improved transparency and a number of business and member perceived valued enhancements. These will include the following:

 

 

a)

IGEX will not be a competitor in any product offered by KINA SECURITIES

 

 

b)

KINA SECURITIES will be able to move clients funds easily over international boarders.

 

 

c)

Provision of greater transparency in reporting functions

 

 

d)

KINA SECURITIES branded seminars for members

 

 

e)

Capabilities of adapting platform and service to different demographics, locations, needs and wants.

 

 

f)

Far greater take up due to focused marketing and distribution

 

8


 

COMMISSION & FEE STRUCTURE

 

18.

Setup Fee

 

 

a)

No setup fee will be charged to KINA SECURITIES as part of this agreement

 

19.

Ongoing Commission

 

 

a)

IGEX and KINA SECURITIES will make a commission from each trade conducted by a client

 

 

b)

The fee charged to the client is determined by KINA SECURITIES

 

 

c)

A fee will be deducted from each trade to cover exchange and settlement fees being:

 

 

i.

Trades under AUD 8,500 – AUD 18.00

 

 

ii.

Trades over AUD8,501 – AUD 12,00 + 0.07% of Trade value

 

 

d)

IGEX will then rebate 70% of the overall net commission (less exchange & settlement fee) generated by KINA SECURITIES referred clients.

 

 

e)

IGEX will offer volume discounts once trading revenues reach $25,000 per month.

 

 

f)

GST is calculated for Australian clients only and not included for international clients

 

 

g)

This is outlined by the table below:

 

 

9


 

 

20. IGEX will provide the following information to KINA SECURITIES for reconciliation and information purposes on a monthly basis under this option:

 

 

a)

Detailed report of newly signed and funded members including account numbers.

 

 

b)

Total funds on deposit.

 

 

 

c)

Reports on all individual members incorporating:

 

 

1.

commission generated

 

 

 

2.

trades conducted

 

 

3.

global exchange traded on

 

 

 

4.

amount traded

 

 

5.

products traded if other than equities

 

 

 

6.

date traded

 

21.

IGEX will rebate commission monthly in arrears on or before the 15th of each month.

 

 

10


EXECUTION

 

This is the entire Agreement of the parties and replaces any previous Agreements or discussions. Any variations to this Agreement shall be made in writing and signed by both parties.

 

SIGNED for and on behalf of Indo Global Exchange(s), International Global Exchange (Aust) and PT Griya Matahari Bali being signed by those persons authorized to sign:

 

……………&hel


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