4173| 5/3/2021

Supplement to Interactive Brokers LLC Client Agreement
for Clients Trading U.S. Unallocated Gold
This Supplement (the "Supplement") to the Interactive Brokers LLC Client Agreement is made between
Client and Interactive Brokers LLC ("IBKR") and sets forth the conditions under which IBKR agrees topermit Client to purchase, hold, or sell unallocated gold on the IBKR platform (the "Unallocated GoldProgram") and to convert unallocated gold to allocated gold and take physical possession thereof. Clientagrees to be legally bound by the terms and conditions set forth in this Supplement.
Client understands and agrees that Client continues to remain bound by the terms and conditions of theInteractive Brokers LLC Client Agreement (as amended from time to time, the "Client Agreement") whichgoverns Client's securities and commodities brokerage account at IBKR ("Account"), of which thisSupplement forms a part (such Client Agreement, together with this Supplement and any other supplements,annexes, schedules or exhibits, the "Agreement"), and that all terms and conditions in the Client Agreement,
including, without limitation, the "Mandatory Arbitration" provision thereof, shall also govern therelationship between IBKR and Client with regard to any services in connection with the Unallocated Gold
Program and any other service, transaction or relationship contemplated by this Supplement. Unlessotherwise defined, capitalized terms used but not defined in this Supplement shall have the meanings
assigned in the Client Agreement.
1. Definitions: As used in this Supplement:a. "You" shall mean the Client.
b. "We" or "us" shall mean IBKR.
c. "Bullion" means gold bullion products, including, but not limited to, bullion coins and bars,including COMEX-deliverable gold warrants.
d. "Unallocated Gold" means a specified number of ounces of gold that represent a specific, butundivided, proportionate interest in bulk, generic Bullion owned by IBKR for your benefit andfor the benefit of other IBKR clients.
2. Unallocated Gold: Under the Unallocated Gold Program, IBKR will offer you the ability, withinyour Account, to (i) purchase Unallocated Gold from IBKR on an unleveraged basis and to (ii) sellsome or all of your existing position of Unallocated Gold previously purchased from IBKR, at prices
to be quoted by IBKR from time to time.
IBKR will always maintain ownership of a quantity of Bullion (generally in the form of
COMEX-deliverable gold warrants) at least equal to (or in excess of) the aggregate quantity of
Unallocated Gold owned by all IBKR clients under the Unallocated Gold Program. We may,upon substitution of any specific Bullion (for other Bullion), use all or a portion of such Bullion, andYou understand that we may profit by such substitution and use (subject to the conditions of theprevious sentence).
3. No Short-Selling; No Leverage: No short-selling of Unallocated Gold is permitted in theUnallocated Gold Program. You may only purchase Unallocated Gold on a fully-paid-for basis, andIBKR will provide no margin, leverage, or financing of any kind, directly or indirectly, in connection
with the purchase of Unallocated Gold in the Unallocated Gold Program.
4. No Margin Value; No Lien: Unallocated Gold in your account will not be assigned any margin value

for purposes of determining your Account's compliance with either securities or commodities margin
requirements.
Notwithstanding any other provision of the Agreement, IBKR shall have no lien on theUnallocated Gold held in your Account.
5. Conversion to Allocated Gold and Physical Delivery: You may choose to convert Unallocated Goldto ownership of specific Bullion coins and bars ("Allocated Gold") and take physical possession ofsuch Allocated Gold at any time under such terms and conditions (including fees) as we may advise
you from time to time.
IBKR will not custody Allocated Gold for you, and you must take immediate physical possession of
any Allocated Gold you purchase from IBKR. IBKR will only ship Allocated Gold to you at anaddress already on file with IBKR as associated with your Account.
The minimum quantity of Unallocated Gold that you may convert to Allocated Gold at any one timeis one (1) troy ounce. The cost to convert will be the sum of (i) the spread between (x) the cost of
Bullion in the specific form you have selected and (y) the quoted spot Unallocated Gold cost plus (ii)the cost of shipping the gold to you plus (iii) a handling fee plus (iv) the surrender to IBKR of theUnallocated Gold to be converted. For more details about available Allocated Gold products,
including our prevailing charges, please see the IBKR website athttps://www.interactivebrokers.com/en/index.php?f=1590&p=metals.
You agree to promptly defend, hold harmless, and indemnify IBKR against any and all claims,
damages, costs, or legal fees, including attorneys' fees, arising out of IBKR's good faith reliance on
shipping instructions sent to IBKR for your Account. IBKR shall have no obligation to deliver
Bullion to you unless and until all amounts due to IBKR for the conversion transaction have beenpaid.
6. Fees and Commissions: Custody fees, trading commissions, and any other fees applicable to theUnallocated Gold program shall be as specified on the IBKR website from time to time athttps://www.interactivebrokers.com/en/index.php?f=1590&p=metals.
7. Amendment: This Supplement may be revised at any time upon IBKR's tender to you of a revisionor amendment. Your continued use of the services offered under the Unallocated Gold Program shallconstitute conclusive evidence of your acceptance of such revision or amendment.
8. Disputes Involving Your Account: All disputes between us directly or indirectly arising fromtransactions under this Supplement, shall be resolved in accordance with the terms of the Client
Agreement, including, without limitation, the pre-dispute mandatory arbitrary provision.
THE CLIENT AGREEMENT, WHICH THIS SUPPLEMENT FORMS A PART OF, CONTAINS A
PRE-DISPUTE ARBITRATION CLAUSE IN PARAGRAPH 54 ON PAGES 19-20. BY SIGNING
THIS SUPPLEMENT, I ACKNOWLEDGE THAT THIS AGREEMENT CONTAINS A
PRE-DISPUTE ARBITRATION CLAUSE AND THAT I HAVE RECEIVED, READ AND
UNDERSTOOD THE TERMS THEREOF.