35 Membership Agreement
14 September 2015
5. Exclusion of liability
5.1 SGPMX makes no representations or warranties of any kind with respect to
the Service and/or performance of the Service. SGPMX does not warrant,
guarantee or make any representation regarding the use, the results of the
use, the Service and/or Account in terms of correctness, accuracy, reliability,
currentness, or otherwise. Any risk associated with payment into the Account
rest entirely with the End User.
5.2 SGPMX shall not be liable to the End User for any act or omission in the
performance of its duties, including but not limited to, any error of judgment
in the performance of its obligations and duties hereunder or for any loss
suffered by End User unless such loss arises from a breach of its
obligations under this Agreement, negligence, dishonesty, fraud, bad faith
or wilful misconduct of SGPMX or, as the case may be, any of its
respective directors, officers or employees, agents or representatives.
5.3 Without prejudice to Clause 5.2 above, SGPMX’s total liability to the End
User in any event shall not exceed in aggregate the sum of US$1,000.
6. Account Information Policies
It is a mandatory for the End User to maintain full and updated contact
information with SGPMX at all times. Any Account without full and updated
contact information of the End User will be suspended until such contact
information is provided to the satisfaction of SGPMX.
7. Restricted Activities
7.1 If you use, or attempt to use the Service and/or Account for purposes other than to
purchase and/or sell bullion products on the SGPMX website, your Account will
be terminated and you will be subject to damages and other penalties, including
criminal prosecution where available.
7.2 Information relating to the End User (including but not limited to identity,
background, creditworthiness, source of funds, payments and receipt of
payments) shall not: be false, inaccurate, misleading, fraudulent or be
connected to proceeds of any illegal activities or be used for illegal and/or
fraudulent purposes or violate any law statute, ordinance, contract or
regulation or create liability or losses to SGPMX, its affiliates, employees,
officers, directors and owners. Violation of any of the above will result in the
relevant Account being terminated and all funds in the Account will be forfeited or
delivered to the relevant authorities.
7.3 End User shall not permit or authorize any other person or entity to access and/or
use the Services without prior written consent of SGPMX.
7.4 SGPMX participates fully in all government regulated anti-money laundering
policies. Suspicious transaction will be reported to appropriate government
authorities. End User shall comply with all procedures put in place from time to
time by SGPMX to present, detect and cause the reporting of suspected
transactions. If there is any signs of suspicious activity, SGPMX may at its sole
discretion request for additional due diligence to be performed on the End User. If a