Common use of NON ADVISED Execution only Clause in Contracts

NON ADVISED Execution only. ‌ We deal with you on an execution-only basis and will not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investment. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transactiontransaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts Conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.policy

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transactiontransaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis in accordance with the applicable regulation and will based on this Agreement. We do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websiteswebsite – ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is general information, which is incidental to your existing dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to adviceadvice or execution of new deals; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of personsperson; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any descriptionAll rights on published research and materials belongs to Arum Trade and can only be used when approved by us (in writing). Please refer to our conflicts Conflict of interest policy Interest Policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. :  this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. ;  where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. ;  we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. ;  you accept that prior to dispatchdespatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-only basis and will not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing in particular investments or executing particular Transactions, their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investment. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information:. a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts Conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.policy

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement Policy and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons;is c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction;any d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactionstaxation consequences. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investment. Own judgement and suitability Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. a) this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. b) where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. c) we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. d) you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee . We are required, by the Law, to take all reasonable steps to identify conflicts of interests between ourselves and our clients, or agent between one client and another, which arise through the provision of GCMT Limited, its subsidiaries our investment services. Our Conflicts of Interest Policy sets out the types of actual or affiliates, potential conflicts of interest which affect or may provide financial advice affect our Services under this Agreement and provides details of how these are sought to be managed. You shall notify us promptly of any descriptionpotential conflict affecting our provision of the Services of which you are or become aware. Clients accept that no employee We may, without prior reference to you, provide services in circumstances where we have, directly or agent of GCMT Limitedindirectly, its subsidiaries a material interest or affiliates, may provide financial advice a relationship of any descriptiondescription with another party which may involve a potential conflict with our duty to you. We maintain organizational and administrative arrangements with a view to taking all reasonable steps to prevent a conflict of interest constituting or giving rise to a material risk of damage to your interests. We shall not be liable to account to you for any profit, commission, remuneration made or received from or of any transactions, and our fees shall not, unless otherwise provided, be abated thereby. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard. Both parties must keep confidential all personal, business, financial and other confidential information which is obtained about the other party because of providing the Services to you, and shall use all reasonable steps to prevent any disclosure of such information. The Company has the right to disclose information about clients in the following situations: 1. to any authority having the legal right to your information (including any law enforcement or tax authority); 2. where we are required to disclose information pursuant to any court order or a similar process; 3. where we are otherwise required or permitted by law to make disclosure; 4. where necessary to provide you with the Services.

NON ADVISED Execution only. ‌ We deal with you AGG deals on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. You assume all responsibility in relation to any investment strategy, transaction or investment, tax costs, and for any consequences brought by from any transaction that you perform and AGG shall not be held responsible nor you shall rely on the Company for the aforementioned. Where we do provide generic trading recommendations, market commentary or other informationinformation in our newsletters and/or website: a. 1. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to investment advice; b. 2. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. 3. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. 4. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited. Under Applicable Regulations, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer AGG is required to our have arrangements in place to manage conflicts of interest policy for further information between AGG and its Customers and between other Customers. In this respect, AGG will make all reasonable efforts to avoid conflicts of interest; when they cannot be avoided AGG shall ensure that you are treated fairly and at the highest level of integrity and that your interests are protected at all times. You acknowledge and accept that you have read and accepted the Conflict of Interest Policy, which was provided to you during the registration process and is uploaded on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regardAGG's official website.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis in accordance with the applicable regulation and will based on this agreement. We do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is general information, which is incidental to your existing dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to adviceadvice or execution of new deals; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any descriptionAll rights on published research and materials belongs to Arum Capital and can only be used when approved by us (in writing). Please refer to our conflicts Conflict of interest policy Interest Policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transactiontransaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.or

NON ADVISED Execution only. ‌ We deal with you LCC deals on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. You assume all responsibility in relation to any investment strategy, transaction or investment, tax costs, and for any consequences brought by from any transaction that you perform and LCC shall not be held responsible nor you shall rely on the Company for the aforementioned. Where we do provide generic trading recommendations, market commentary or other informationinformation in our newsletters and/or website: a. 1. this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to investment advice; b. 2. where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. 3. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. 4. you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited. Under Applicable Regulations, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer LCC is required to our have arrangements in place to manage conflicts of interest policy for further information between LCC and its Customers and between other Customers. In this respect, LCC will make all reasonable efforts to avoid conflicts of interest; when they cannot be avoided LCC shall ensure that you are treated fairly and at the highest level of integrity and that your interests are protected at all times. You acknowledge and accept that you have read and accepted the Conflict of Interest Policy, which was provided to you during the registration process and is uploaded on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regardLCC's official website.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legaltaxation consequences. Upon availability of other services (like investment advice or portfolio management) that the company may have an authorization to provide, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms and conditions to be specified in a separate document that shall constitute the part of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmentthis agreement. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction Transaction, and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other informationinformation during the normal course of business of execution only model: a. a) this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. b) where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. c) we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. d) you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen Company’s information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any descriptionsystems. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts Conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.policy

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactionstaxation consequences. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investment. Own judgement and suitability Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Incidental information Where we do provide generic trading recommendations, market commentary or other information: a. a) this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. b) where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. c) we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. d) you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent . Conflicts of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. interest policy Please refer to our conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.

NON ADVISED Execution only. ‌ We deal with you on an execution-execution only basis and will do not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing investments or executing particular Transactions, or their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investmenttaxation consequences. Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, advice and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available in our websites. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you. Where we do provide generic trading recommendations, market commentary or other information: a. a) this is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to advice; b. b) where information is in the form of a document containing a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, you agree that you will not pass it on to any such person or category of persons; c. c) we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction; d. d) you accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service; e. No employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Clients accept that no employee or agent of GCMT Limited, its subsidiaries or affiliates, may provide financial advice of any description. Please refer to our conflicts Conflicts of interest policy for further information on how we manage conflicts which would affect the impartiality of investment research we provide to you. Upon request, we will provide you with any further details in that regard.policy