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CONTENTS

This Agreement is entered into between Client(s) and Goldline International Inc. (Goldline) for the purchase, sale and storage of precious metals, independently graded coins, rare currency and other products which Goldline offers or may offer in the future. This Agreement applies to all transactions between Goldline and Client entered on or after May 8, 2012 and all products stored through Goldline.


A. Placing An Order

  1. Client may place an order with Goldline by telephone or in person. Client's telephonic order will be confirmed during a tape-recorded confirmation with a Client Services Representative to ensure the details of the order are correct and will include the price, quantity, method of payment and other material terms of the order (orders below $1,000 will not be subject to taped confirmation).
  2. Goldline will send a written trade confirmation of each order. Client will have ten (10) calendar days from the date of the written trade confirmation to report any inaccuracies or discrepancies in the order to Client's Account Executive or Goldline's Client Relations Department. If the Client does not report inaccuracies or discrepancies regarding the written trade confirmation within this time period, Client waives any objections Client may have.
  3. An order is only finalized when a signed Account Agreement is on file with Goldline and any required signed state addendum to the written trade confirmation is received.

B. Deliveries

  1. Goldline will deliver Client's order to Client's shipping address within twenty-eight (28) calendar days (or such lesser period as required by Client's state of residence) of receipt of good funds. If Client requests delayed delivery, Goldline will deliver Client's order to storage pending delivery to Client. See Section H ("Storage"), below.
  2. Goldline may charge a shipping and handling fee, including a fee for shipments to third party IRA custodians. Any such fee will be disclosed at the time of the order.
  3. All packages shipped to Client are insured (shipments may be self-insured by Goldline). If a shipment is lost or damaged during transit to Client's shipping address, at Goldline's option, Goldline will replace the items or refund Client's purchase price. Goldline bears the risk of loss until the shipment is delivered to Client's shipping address subject to the following: (a) Any variance in Client's order, including discrepancies or defects regarding the products delivered, must be reported to Goldline's Client Relations Department within five (5) calendar days of receipt of shipment to make a claim of loss; (b) Client must retain all original packing materials intact; and (c) Client must cooperate with Goldline, including providing supporting declarations regarding any loss.

C. Refunds/Returns

  1. Goldline gives Alaska Clients a refund, credit, or replacement, at the Client’s option, if:
    (1) the property or services purchased from Goldline are defective, not as represented, or not received as promised;
    (2) within seven days after receiving the purchased property, Client returns the purchased property and makes a written request for the refund, credit, or replacement; or
    (3) within seven days after paying for the purchased services and before the services are provided, Client makes a written request for the refund or credit.
    The written request may be made by mailing a written notice to Goldline International, Inc., 1601 Cloverfield Blvd., 100 South Tower, Santa Monica, CA 90404, attn: Operations Dept. If Client wishes to receive a refund, credit, or replacement, return all items shipped to Client (if any) in the same condition as when received. Refer to section II.(B.) on the back of Client’s Trade Confirmation for further instructions. If Client cancels but fails to send the items to Goldline International, Inc. in the same condition as when received, then Client will remain liable for performance of all obligations under the contract. Goldline shall, upon written notice of cancellation and receipt of the merchandise in the same condition as delivered, issue a full refund within thirty (30) calendar days from the date of cancellation or, where merchandise has been delivered, the returned merchandise is received by Goldline, whichever is later.

D. Price Guarantee Program

  1. Goldline offers "price protection" on certain qualifying full-priced orders of coins and bars with Goldline's Price Guarantee Program (PGP). Goldline's PGP does not apply to 90% silver dimes and quarters, one-ounce and larger bullion bars, and one-ounce bullion coins although Goldline may periodically include such coins and bars within its Price Guarantee Program.
  2. Qualifying PGP orders will be identified during the telephonic taped confirmation of Client's order.
  3. Under Goldline's PGP, if Goldline's ask (i.e., selling) price for qualifying coins is reduced by Goldline within seven (7) calendar days of the date of order, Client may contact Goldline and request that his or her order of these coins be repriced at the lower price (subject to Section D.4 below). By way of example, if Client's qualifying order is placed on May 1, Client may reprice that order through May 8. Goldline may, from time to time, offer certain specials which extend the time within which Client may contact Goldline to request that his or her order be repriced. That extended period will be identified during the telephonic taped confirmation of the Client's order.
  4. Client may not exercise his or her right to reprice until Goldline receives payment, a signed Account Agreement has been received by Goldline and any required state signed written Addendum to Trade Confirmation is received.
  5. Client may only ask Goldline to reprice the order once during this seven-day time period. It is Client's obligation to follow price changes for their orders; Goldline will not contact Client about changes in prices.
  6. To reprice an order, Client must take the following steps: (1) Repricing requests must be made during Goldline's regular business hours (excluding holidays); (2) Client must contact his or her Account Executive by telephone to reprice the order. If the Account Executive is not available, Client should ask for the Account Executive's back­up Account Executive. If the back-up Account Executive is unavailable, Client may place the reprice request with an Account Executive Manager or Client Services Supervisor; (3) Client's repriced order must be confirmed in a tape-recorded confirmation by a Client Services Representative.
  7. Client will receive the selling price (the "ask" price) that is in effect at the time of repricing. The difference between the original purchase price of the order and the repriced amount must be applied, on a one­time basis, at the time of repricing to purchase additional coins carrying the same spread as the coins originally purchased. After the one-time repricing, any balance shall be extinguished.
  8. Upon repricing, Client's order is final unless the Client's state of residence provides a right to cancel.
  9. Goldline reserves the right to modify or discontinue its PGP program at any time, including modifying the products available for the PGP program and/or the time during which Client may reprice an order.

E. Payments, Security Agreement And Liquidations

  1. Client agrees to pay for all precious metals, coins, currency and other items ordered and all charges for orders, storage, delivery and other services. Client will also pay any taxes, assessments or other charges imposed by a government concerning Client's metals, coins, currency, or any sales, use or similar tax associated with delivery, now or in the future.
  2. If Goldline does not receive full payment in good funds for precious metals, coins or other numismatic/collectible items within five (5) calendar days of Client placing the order, Goldline may, but is not required to, dispose of the metals, coins or other numismatic/collectible items for Client's account, without notice unless required by law, and charge Client for any loss Goldline incurs. Such sales may be at a wholesale or auction price which may be below Goldline's sell or buyback prices. In addition, Goldline shall have all other rights and remedies available under the law.
  3. CLIENT GRANTS A LIEN AND SECURITY INTEREST IN CLIENT'S PROPERTY AND FUNDS IN GOLDLINE'S POSSESSION OR CONTROL, NOW OR IN THE FUTURE, AS COLLATERAL FOR ANY AMOUNTS OWED UNDER THIS AGREEMENT OR OTHERWISE, NOW OR IN THE FUTURE. Client agrees to execute such additional documents as may be necessary to perfect or evidence this security interest. If Client does not pay such amounts when due, Goldline may, but is not required to, offset these amounts against Client's funds or property or may sell any or all such property without notice as permitted by law in any public or private sale Goldline chooses. If the proceeds of such sale and/or the amounts offset are not sufficient to repay the amount Client owes, Client will be liable for any deficiency.

F. Liquidations

  1. When Client sells precious metals, coins or numismatic/collectible items originally acquired from Goldline, Goldline will purchase the items at its current buyback price (the "bid" price). Items not stored through Goldline must be shipped to Goldline at Client's expense and verified by Goldline as to quantity and condition prior to liquidation. Goldline will charge a 1% liquidation fee on the liquidation price. The minimum liquidation fee is $25. Goldline will deduct all amounts owed to Goldline with the balance paid by company check payable to Client's account title of record. Payment will be sent within three (3) business days of liquidation to Client's account address.
  2. The law prohibits Goldline from guaranteeing to repurchase the items it sells, although Goldline has historically made buy-sell markets in bullion and rare coins it offers. Therefore, Goldline's buyback policy is not a guarantee and is subject to change without notice.

G. Account Matters

  1. Client represents that Client is of legal age and capacity to enter into this Agreement. If Client is other than an individual, Client represents that he or she is fully authorized to act on the owner's behalf.
  2. Client represents that all of Client's transactions shall be for investment or other commercial purposes and not for any personal, family, household or other consumer purposes.
  3. If this Agreement is signed by or on behalf of more than one person (including an owner by virtue of community property interest or other operation of law), Client authorizes Goldline to follow the instructions of any signer without notice to or consent from the others or any non-signer. If conflicting instructions are received, Goldline will follow the first. If one signer becomes disabled or incompetent, this Agreement survives and Goldline may rely on instructions of any other signer. Client will notify Goldline promptly of the death of any signer by providing a certified death certificate. Upon proof of death, Goldline will treat the account balance as belonging solely to the estate or lawful heirs. In all cases, a decedent's estate will remain fully liable for all obligations incurred up to the day of death and the estate shall be liable for all obligations incurred thereafter. Client agrees to hold Goldline harmless and defend against any loss, liability, cost or expense, including reasonable attorneys' fees, resulting from any action taken by Goldline in reliance upon this paragraph. Notwithstanding the above, Goldline may require such papers, additional consents, restrict activity in the account and/or retain all or part of the account balance as Goldline deems advisable at Goldline's sole discretion.
  4. Client understands and agrees that every telephone conversation between Client and Goldline - whether Client places a call to Goldline or a Goldline representative calls Client - is subject to monitoring and/or recording. Client hereby agrees and consents to have Client's calls with any Goldline representative monitored and/or recorded without further notice or the requirement of additional consent or agreement from Client. Client consents to monitoring and/or recording of Client's telephone conversations with any Goldline representative by appropriate Goldline personnel and authorized outside third-party monitors. Client acknowledges that Client does not have a reasonable expectation of privacy during any of Client's telephone conversations with any Goldline representative. Client further understands and agrees, with respect to the potential monitoring and/or recording of all of Client's telephone calls, that Client expressly waives the right to assert at any time that any conversations between Client and any Goldline representative are or were confidential or private. Unless otherwise agreed by Goldline in writing, Goldline does not consent to the recording of telephone conversations by Client or any third party. Client understands that not all telephone lines or calls are recorded and Goldline does not guarantee that any recordings of any particular telephone calls will be retained or be capable of being retrieved.

H. Storage

  1. At Client's request, Goldline will store Client's precious metals or coins with independent depositories selected by Goldline. Storage is not available to Clients who reside in certain states. Goldline may change depositories without prior notice.
  2. Goldline will deliver precious metals and coins selected for storage within twenty-eight (28) calendar days of receiving payment of good funds (unless state law requires a different delivery period). Goldline may store Client's precious metals and/or coins on a non-segregated, bulk basis. When Client chooses to store precious metals and/or coins through Goldline, Client understands that absent an express written agreement to the contrary, Client is not entitled to receive from Goldline any specific item of precious metals and/or a specific coin. Rather, Client is entitled to receive only the same quantity, grade and type of precious metals and/or coins stored through Goldline as specified on Goldline's written confirmation.
  3. Goldline will use commercially reasonable efforts to store Client's metals or coins in a way that is free from the claims of its creditors, the depositories (except as to storage charges) and the depositories' creditors.
  4. Goldline will, or will cause the depositories to, insure Client's metals, coins and currency against physical loss, damage or disappearance. Limitations and exclusions apply to such insurance proceeds. Goldline's liability to Client for any physical loss, damage or disappearance of items held in storage shall be limited to available insurance proceeds and under no circumstances shall exceed Goldline's bid price for such items at the time of loss.
  5. Storage fees are calculated by multiplying 0.00375 by the "ask" price of Client's holdings as of the date of the storage statement (the buyback price for holdings is less than the ask price). Storage fees are charged in advance of each six-month storage period and are payable upon receipt of the statement. The minimum storage fee is $15.00. Goldline may increase or decrease storage fees upon thirty (30) calendar days written notice to Client. Storage fees are non-refundable.
  6. At Client's written request, Goldline will ship stored metals within seven (7) business days of Client's request for delivery and payment of shipping charges and conversion fees, if applicable. (This delivery period may be extended based upon market conditions.) Stored silver and gold bullion are subject to conversion fees to convert the unallocated bullion into deliverable bars, rounds or coins (coin and bar types are subject to existing inventory). The fees for converting the product into a deliverable form is the difference between the stored bullion’s total current bid price and the deliverable product’s total current ask price. By way of example, if the stored bullion’s total current bid price equals $10,000 and the total current ask price of the deliverable bars equals $11,000, the conversion fee equals $1,000. Requested bar types and sizes are subject to availability.
  7. Client will not grant or permit to exist any lien, security interest or encumbrance of any kind by a third party on stored precious metals or coins. Client acknowledges that the ownership of precious metals or coins is non-negotiable and can be transferred only on Goldline's books. Any assignment or transfer of stored metals and coins must comply with Goldline's procedures regarding the transfer of accounts and applicable law.

I. Disclaimer Of Warranties

  1. Grades and descriptions of coins, precious metals and currency are opinions, not statements of fact or guaranties, and are based on standards and interpretations that can and do change over time. Goldline uses its own good faith contemporary grading standards and interpretations to grade coins or relies upon the opinions of grading services such as Professional Coin Grading Service ("PCGS") and Numismatic Guaranty Corporation ("NGC"). Goldline does not guarantee that the coins it sells will achieve the same grades from Goldline, PCGS, NGC or any other grading service in the future. Goldline guarantees that the precious metals and other items it sells are genuine. GOLDLINE EXPRESSLY DISCLAIMS ANY OTHER WARRANTIES WITH RESPECT TO PRECIOUS METALS, COINS, CURRENCY AND NUMISMATIC/COLLECTIBLE ITEMS, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
  2. CLIENT ACKNOWLEDGES AND AGREES THAT NO WARRANTIES OR GUARANTIES HAVE BEEN MADE TO CLIENT REGARDING ANY OF THE PRECIOUS METALS, COINS, CURRENCY OR OTHER NUMISMATIC/COLLECTIBLE ITEMS PURCHASED FROM GOLDLINE, INCLUDING BUT NOT LIMITED TO FUTURE VALUE. CLIENT AGREES TO PROMPTLY NOTIFY GOLDLINE'S CLIENT RELATIONS DEPARTMENT IN WRITING IF ANYONE AT GOLDLINE SUGGESTS A GUARANTY OF PROFITS OR ABSENCE OF LOSSES, OR MAKES ANY STATEMENT OR REPRESENTATION THAT IS INCONSISTENT WITH THE TERMS IN THIS AGREEMENT OR COIN FACTS FOR INVESTORS AND COLLECTORS TO CONSIDER. CLIENT FURTHER ACKNOWLEDGES AND AGREES THAT CLIENT HAS CONDUCTED AND WILL CONDUCT HIS OR HER OWN RESEARCH AND ANALYSIS REGARDING PRECIOUS METALS, COINS, CURRENCY AND OTHER NUMISMATIC/COLLECTIBLE ITEMS THAT CLIENT MAY PURCHASE FROM GOLDLINE AND WILL NOT RELY UPON OR OTHERWISE CLAIM THAT ANY WARRANTIES, REPRESENTATIONS OR GUARANTIES HAVE BEEN MADE BY GOLDLINE CONCERNING THE FUTURE VALUE OF THE PRECIOUS METALS, COINS, CURRENCY OR OTHER NUMISMATIC/COLLECTIBLE ITEMS THAT CLIENT MAY PURCHASE FROM GOLDLINE.

J. IRAs

  1. Select bullion bars, bullion coins and proof coins may be held in Individual Retirement Accounts ("IRA"). Client is aware that, with the exception of one-ounce bullion coins and bullion bars of one ounce or larger, all bars and coins carry a spread of 28%. See Section K ("Spreads/Prices") below for an explanation of spreads.
  2. Client understands that proof coins are numismatic coins whose value may be affected by factors other than increases or decreases in spot metal prices. Client further understands that proof coins carry a numismatic premium above their precious metal content.
  3. Client understands that Goldline does not recommend that clients invest more than 5%-20% of their retirement assets/portfolio in precious metals. Client is solely responsible for determining the proper percentage of precious metals acquired in an IRA and will notify Goldline, in writing, if he or she intends to invest more than 20% of his or her retirement assets/portfolio prior to finalizing any order. 
  4. Goldline may provide information about companies which provide trustee and custodian services for IRAs as a convenience to its Clients. Goldline is independent from, and not affiliated with, any of the companies which may provide those services. It is Client's responsibility to independently select the IRA service company suitable for Client. Goldline shall have no liability or responsibility for any loss or damage resulting from his or her dealings with that IRA service company.
  5. Tax laws are complex and may change at any time. Client agrees to consult with his or her tax advisor about any questions regarding adding precious metals to an IRA including suitability, amounts and tax-related issues. Goldline employees are not authorized to and may not provide tax advice.

K. Spreads/Prices

  1. There is a price differential or "spread", between Goldline's selling price (the "ask" price) and Goldline's buyback price (the "bid" price). Goldline's "bid" is the price it pays to Clients for a product. Goldline's "ask" is the price it charges Clients for a product. The spread is calculated by subtracting the bid price from the ask price and then dividing the difference by the ask price ((Ask – Bid)/Ask).
  2. To illustrate how a spread works, consider the following example. If the spread for a coin is 28% and Goldline's ask/selling price is $500 for the coin, then Goldline's bid/buyback price is $360. In this example, the bid price of the coin would have to appreciate $140 ($500-$360), or 38.88%, before breaking even (excluding liquidation fees and other costs). Prices may fluctuate throughout the day depending on the product. Pricing is based on many factors including Goldline's assessment of world market conditions, overhead and other considerations.
  3. Goldline's current spread on 90% silver dimes and quarters, bullion bars of one ounce or larger, and one-ounce bullion coins is 13%. The bid price of a coin or bar with a 13% spread must increase approximately 15% before breaking even (this amount does not include liquidation fees and other costs). All other bars and coins have a current spread of 28%. The bid price of a coin or bar with a 28% spread must increase approximately 38.88% before breaking even (this amount does not include liquidation fees and other costs). If Goldline's spreads or the percentage that a bid price must increase for the coin or bar to break even differs from these stated amounts, Goldline shall disclose such differences at the time of order.
  4. Coins generally have a premium above their precious metal value with bullion coins usually having the lowest premiums and semi-numismatic and numismatic coins having higher premiums. Certain exceptions may apply. Premiums may increase or decrease based upon current market conditions such as supply and demand. Changes in premiums may affect a coin's pricing beyond changes in spot prices.
  5. Goldline's minimum buy/ sell/ liquidation/ delivery fee is currently $25 per transaction.

L. Considerations For Investors

  1. Client understands that investment in precious metals, coins and other numismatic/collectible items is speculative, unregulated and volatile and that prices may rise and fall over time. Profit can only be made if prices rise over the investment period in an amount sufficient to overcome the spread as set forth above and costs such as liquidation fees. There may still be a loss despite favorable price movement. Metals, coins and other numismatic/collectible items do not provide interest or current income.
  2. Goldline cannot guarantee the existence of a viable precious metals, coin market or currency market and is not obligated to repurchase any items it sells.
  3. Goldline generally classifies coins as bullion, semi-numismatic and numismatic. Numismatics are coins whose value is principally based upon such factors as condition, grade, scarcity and demand, rather than their precious metal content. Semi-numismatics are coins containing precious metals that generally move up and down with the spot price of the precious metal, but also contain additional value above their precious metal content. There is a premium for these coins based upon such factors as supply and demand. Bullion may come in bar or coin form. Its value is principally based upon its precious metal content plus the cost of fabrication. The value of a bullion bar or coin rises and falls with the spot price of the precious metal. Some coins may fall within more than one category depending on their specific grade or condition. Other dealers and organizations may define these terms or classify these coins differently.
  4. Client represents that he or she has read and understands Goldline's risk disclosure booklet, Coin Facts for Investors and Collectors to Consider, which provides additional information about pricing as well as information about the risks of buying and selling precious metals, rare coins and rare currency. This booklet is updated periodically and it is Client's responsibility to remain up-to-date by requesting a copy or reviewing the most recent version at Goldline's website, www.goldline.com.
  5. Goldline employees may from time to time discuss the general direction of various financial markets. Neither Goldline nor its representatives can guarantee any market movement.
  6. Goldline employees are not licensed as investment advisors and they are not making any specific recommendations concerning stocks or any other form of investment. Goldline and its Account Executives are not agents for Client, have different financial interests and incentives from Client and owe no fiduciary duty to Client. Account Executives are generally commissioned salespeople whose commissions are greatest on products with a 28% spread and lowest on all other products. They may receive cash and other undisclosed compensation from Goldline when selling specific coin or currency products. Client will check with a licensed professional with expertise in a particular market before making a decision to buy or sell.
  7. Client understands that Goldline believes coins and bullion are appropriate for 5% to 20% of an investment portfolio although certain individuals or organizations might recommend a different percentage. Client will independently determine what percentage is appropriate for him or her based upon Client's individual circumstances. Client will notify Goldline's Director of Client Relations in writing if Client chooses to invest more than 20% of his or her investment portfolio in precious metals and/or rare coins or currency. 
  8. What is suitable for one Client with a given financial means may not be suitable for the goals or emotional makeup of a different Client of the same means. Before Client chooses to buy or sell, Client should determine his or her ability to understand the transaction and to meet all financial commitments to be made.
  9. Goldline does not offer advice on the tax treatment of purchasing, selling or borrowing precious metals, rare coins and rare currency. Client must consult with his or her tax advisor regarding such matters. Goldline does not sell any precious metals or numismatic product which is exempt from applicable taxes.

M. Other Terms And Conditions

  1. This Agreement is the entire agreement between Goldline and Client. There are no representations, oral or written, other than those herein. This supersedes all prior agreements concerning the same subject matter except for transactions entered into prior to April 15, 2012, for which Client signed the Account and Storage Agreement version 00608.
  2. Goldline shall not be liable for any loss due to circumstances beyond Goldline's direct control, or any delay or default in performing under this Agreement if such delay or default is caused by conditions beyond its control including, but not limited to, Acts of God, government restrictions or seizure, change in market conditions, wars, insurrections and/or any other cause beyond Goldline's reasonable control.
  3. Goldline's failure to exercise Goldline's rights on one or more occasions will not be deemed a waiver of such rights at a later time.
  4. This Agreement shall inure to the benefit of, and be binding on, Client's personal representatives, beneficiaries, executors, successors and assigns. However, Client cannot assign or transfer his or her rights under this Agreement except as set forth above. Assignments in violation of this Agreement are void.
  5. If any provision of this Agreement is or becomes inconsistent with applicable law, such provision shall be severed or modified in accordance with such law. All other provisions shall remain in effect.
  6. THE FORMATION OF THIS AGREEMENT CONSTITUTES THE MAKING OF THIS CONTRACT WITHIN LOS ANGELES COUNTY, CALIFORNIA, REGARDLESS OF THE MANNER, TIMING OR LOCATION OF DELIVERY OF RECEIPT OF ACCEPTANCE OF THIS AGREEMENT. THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA EXCLUDING CONFLICT OF LAW PRINCIPLES. SUBJECT TO THE ARBITRATION AGREEMENT IN SECTION N, ANY LEGAL ACTION OR PROCEEDING BETWEEN CLIENT AND GOLDLINE OR WITH RESPECT TO THIS AGREEMENT OR ANY TRANSACTION HEREUNDER SHALL BE BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF CALIFORNIA LOCATED IN THE COUNTY OF LOS ANGELES, OR OF THE UNITED STATES OF AMERICA FOR THE CENTRAL DISTRICT OF CALIFORNIA AND, BY ACCEPTANCE OF THIS AGREEMENT, CLIENT AND GOLDLINE HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THESE COURTS. THE PARTIES IRREVOCABLY WAIVE ANY OBJECTION, INCLUDING ANY OBJECTION TO THE VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT ANY OF THEM MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH JURISDICTIONS.

N. Arbitration Agreement

  1. THE PARTIES AGREE TO ARBITRATE, IN A FINAL AND BINDING MANNER, ALL CONTROVERSIES BETWEEN CLIENT AND GOLDLINE INCLUDING ANY OF GOLDLINE'S CURRENT OR FORMER OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS ARISING OUT OF OR RELATING IN ANY WAY TO ANY TRANSACTION WITH GOLDLINE, CLIENT'S ACCOUNT, ANY ACCOUNT THAT CLIENT CAUSES TO BE OPENED IN THE FUTURE, OR ANY SERVICE PROVIDED BY GOLDLINE, INCLUDING BUT NOT LIMITED TO TRANSACTIONS OF ANY KIND MADE ON CLIENT'S BEHALF. THE PARTIES AGREE THAT ALL CLAIMS SHALL BE BROUGHT IN THE PARTY'S INDIVIDUAL CAPACITY AND NOT AS A CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.
  2. THE PARTIES AGREE THAT THE ARBITRATOR WILL DETERMINE ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO ANY BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION OF THE ACCOUNT AGREEMENT, AS WELL AS THE SCOPE, APPLICABILITY AND VALIDITY OF THIS ARBITRATION AGREEMENT, INCLUDING ANY ALLEGATIONS THAT THE ARBITRATION AGREEMENT IS UNCONSCIONABLE OR UNENFORCEABLE IN ANY WAY.
  3. THE PARTIES AGREE THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING.
  4. The parties agree that any arbitration will be administered by JAMS under its Comprehensive Arbitration Rules and Procedures when the amount in controversy is greater than $250,000 and JAMS' Streamlined Arbitration Rules when the amount in controversy is less than or equal to $250,000. The arbitration proceedings shall be kept in strictest confidence. The parties agree the exclusive venue for arbitration proceedings, including any arbitration hearing, will be Santa Monica, California. The parties further agree to the personal jurisdiction of the courts of the State of California located in the County of Los Angeles, or of the United States of America for the Central District of California, to enforce these arbitration provisions described in this Agreement. Client makes this arbitration agreement on his or her behalf and on behalf of Client's heirs, administrators, executors, successors and assigns and all persons claiming a beneficial interest in Client's account.
  5. GOLDLINE'S LIABILITY IN ALL CLAIMS WHETHER THEY SOUND IN TORT, CONTRACT, WARRANTY OR OTHERWISE SHALL NOT EXCEED THE AMOUNT ACTUALLY PAID BY THE CLIENT FOR THE ITEMS IN DISPUTE LESS THE ITEMS' FAIR MARKET VALUE AS OF THE DATE ANY ARBITRATION PROCEEDING IS COMMENCED. UNDER NO CIRCUMSTANCES SHALL GOLDLINE BE LIABLE TO ANY PERSON OR ENTITY FOR INDIRECT, INCIDENTAL, ADDITIONAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES EVEN IF GOLDLINE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
  6. If any party unsuccessfully resists arbitration under this Agreement or the confirmation or enforcement of an arbitration award rendered under this Agreement, then all costs, attorneys' fees, and expenses incurred by the other party or parties in compelling arbitration or confirming or enforcing the award shall be fully assessed against and paid by the other party resisting arbitration and/or confirmation or enforcement of the award. 
  7. The parties agree that any claim, arbitration, lawsuit, legal action, dispute or proceeding of any kind arising out of or relating to any transaction between Client and Goldline is barred unless commenced within one (1) year from the date of that transaction. The parties acknowledge that, but for this waiver, he, she or it might have a longer time period to initiate a claim under state or federal law.
  8. BY SIGNING BELOW, CLIENT CONFIRMS THAT HE OR SHE HAS READ AND UNDERSTOOD THIS SECTION REGARDING ARBITRATION AND VOLUNTARILY AGREES TO BINDING ARBITRATION. IN DOING SO, CLIENT VOLUNTARILY GIVES UP IMPORTANT CONSTITUTIONAL RIGHTS TO TRIAL BY JUDGE OR JURY, AS WELL AS RIGHTS TO APPEAL.
Rev. 20121203
AK20121203



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Goldline International, Inc.
1601 Cloverfield Boulevard
100 South Tower
Santa Monica, CA 90404
Attn: Operations Dept.
FAX: (310) 319-0229


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