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# Terms

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## Disclaimer

This material has been prepared by CGS International Securities Singapore Pte. Ltd. (“CGS SG”) for your general information only, as an introductory explanation about the products named in this material. By receiving this material, you agree and acknowledge that:

1. This material
   1. is current as at the indicated date and that any information or opinions expressed in this material are subject to change without notice. CGS SG does not undertake any obligation to update this material;
   2. is prepared from publicly available information believed to be reliable, but CGS SG makes no representation as to its adequacy, accuracy, completeness, reliability or fairness;
   3. should not be used or relied on as a recommendation or basis for making any specific investment, business or commercial decision. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this material;
   4. nothing in this material is intended to be, or should be construed as an offer or solicitation to buy or sell, or to subscribe for any securities or investment products, or an invitation or a recommendation to enter into any transaction
2. All securities and investment products contain risks and may not be suitable for everyone. You should consult with a lawyer, tax advisor, financial adviser or other professional adviser to determine what may be best for your individual needs. You should not treat such material as advice and nothing in this material should be relied upon in substitution for the exercise of independent judgment;
3. No part of this material may be copied in any form or by any means, or redistributed without CGS SG’s prior express consent;
4. CGS SG makes no express or implied representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of the information contained in this material. None of CGS SG, its related corporations (as defined in Singapore’s Companies Act 1967) (“CGSI Group”) and their respective directors, employees, officers and representatives shall be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) arising out of or otherwise relating to any reliance on this material;
5. This material is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. By accessing this material, you confirm that you are entitled by law to receive information by virtue of factors such as the viewer’s domicile, nationality, place of residence or registered office and other relevant factors pertinent to the you. Any failure to comply with applicable limitations could constitute a violation of law.

The views expressed in this material reflect the personal views of the author. This material is categorised as non-independent for the purposes of the CGSI Group and therefore does not provide an impartial or objective assessment of the subject matter and does not constitute independent research. Consequently, the information contained in this material has not been prepared in accordance with legal requirements designed to promote the independence of research. Therefore, such information is considered a marketing communication.

## Privacy Policy

At CGS International Securities Singapore Pte. Ltd. (“CGS SG”, “we”, “our”, “us”), we value your privacy and strive to protect your personal data (as defined below) in compliance with the laws of Singapore.

This policy (“Privacy Policy”) is designed to explain and elaborate upon some of our policies and principles pertaining to the privacy of your personal data, all of which we have adopted as a sign of our commitment in respecting, maintaining, protecting and safeguarding the privacy of your personal data.

CGS SG will only collect, record, hold, store, use, process, and disclose your personal data in accordance with such laws (including the Personal Data Protection Act 2012), this Privacy Policy and the privacy terms in your agreement(s) with CGS SG and/or its Affiliates that you may have contracted with.

## This Privacy Policy explains:

- The type of personal data we collect and how we collect it
- How we use your personal data
- The parties that we disclose the personal data to
- The choices we offer, including how to access and update your personal data

## For the purposes of this Privacy Policy, please note that:

“Affiliate” means a related corporation (as defined in the Singapore’s Companies Act 1967) of CGS SG;

## For the purposes of this Privacy Policy, please note that:

“Affiliate” means a related corporation (as defined in the Singapore’s Companies Act 1967) of CGS SG;

“personal data” means data, whether true or not, about an individual who can be identified (a) from that data; or (b) from that data and other information to which CGS SG has or is likely to have access.

## Types of Personal Data we collect and how we collect it

To process, administer and/or manage your relationship and/or account with CGS SG, and to provide you with the services and products of CGS SG, CGS SG will necessarily need to collect, use, disclose and/or process the personal data about you or your personnel, including but not limited to: –

1. personal data including your images or biometrics data for verification or other purposes;
2. personal data to establish your financial standing, creditworthiness and/or suitability for any of our products/services applied for (if required); and/or
3. personal data in any forms that you provide to us when you apply for or use any of our products and services or when you interact with us.

We may obtain this data from yourself and from a variety of sources, including but not limited to:

1. through your relationship with us, for example information provided by you in application forms, when using our products or services (including but not limited to websites, application(s) and any online accounts established with us), when taking part in customer surveys, competitions and promotions, and during financial reviews;
2. through your verbal and written communications with us and/or our authorised agents;
3. from information or files submitted or uploaded by you or collected from you when you use our mobile application(s);
4. from an analysis of the way you use and manage your account(s)/facility(ies) with us, from the transactions you make and from the payments which are made to/from your account(s)/facility(ies);
5. from third parties connected with you, such as employers, joint account holders, security providers, guarantors and indemnitors, subject to your prior consent;
6. from such other sources in respect of which you have given your consent to disclose information relating to you and/or where not otherwise restricted;
7. from any relevant governmental authorities and/or law enforcement agencies to ascertain inter alia your current and past financial standing; and/or
8. from any information that is supplied and/or collected when you visit our websites which include your mobile device or computer’s IP address or from any information that is collected via cookies in some of our websites.

## How we use your Personal Data

Such personal data will be collected, used, disclosed and/or processed by CGS SG for one or more of the following purposes: –

1. processing your enquiries and application for account opening, services and products by CGS SG;
2. providing you with the services and products of CGS SG and CGS SG’s Affiliates, business partners and related companies;
3. administering and/or managing your relationship with CGS SG;
4. carrying out due diligence or other screening activities (including background checks) in accordance with legal or regulatory obligations or risk management procedures (including but not limited to those designed to combat financial crime, “know-your-customer”, anti-money laundering, counter-terrorist financing or anti-bribery), that may be required by law or that may have been put in place by CGS SG;
5. dealing in any matters relating to the services and/or products which you are entitled to (including the printing and mailing of correspondence, statements, invoices, confirmations, advices, information, reports or notices to you, which could involve disclosure of certain personal data about you or your personnel to bring about delivery of the same as well as on the external cover of envelopes/ mail packages);
6. the recovery of any and all amounts owed to CGS SG;
7. the process of reviewing and approving your accounts with CGS SG and the conduct of initial and anticipatory credit checks and assessments, relevant checks, ongoing assessment and verification of ongoing credit worthiness and standing;
8. preventing, detecting and investigating fraud, misconduct, any unlawful action or omission, whether relating to the application or any other matter relating your account(s) with CGS SG and whether or not there is any suspicion of the aforementioned;m
9. managing CGS SG’s infrastructure and business operations, and complying with policies and procedures that may be required by law or that may have been put in place by CGS SG, including those relating to auditing, finance and accounting, billing and collections, IT systems, data and website hosting, training, testing, business continuity, and records, document and print management;
10. security, surveillance and/or identity verification purposes and managing the security of our premises including but not limited to carrying out CCTV surveillance, audio recordings of your instructions or conversations over the telephone or during face-to-face communications with CGS SG’s staff;
11. if consented by you or your personnel (as may be applicable) via your registration or participation in any contest, lucky draw, campaign, promotion, event, survey or questionnaire, to administer and provide you with such activities. Some of these activities have additional terms and conditions, which could contain additional information about how CGS SG uses and discloses your personal data or that of your personnel (where applicable), so you should read these carefully;
12. complying with applicable law in administering and managing your relationship with CGS SG; and/or
13. if consented to by you in the application form(s), account opening document(s) and/or other methods of consent notification, provide for the dispatch of marketing information relating to financial or investment services or products offered by CGS SG and CGS SG’s Affiliates, business partners and related companies (whether by CGS SG, CGS SG’s Affiliates, business partners or related companies) which CGS SG thinks is of benefit or interest to you via your consented method(s) of communication;

(collectively, the “Purposes”).

## Disclosure and Sharing of your Personal Data

Without prejudice to anything else in this Privacy Policy, in carrying out one or more of the above Purposes, CGS SG may need to disclose your personal data and/or (where applicable) the personal data of your personnel to certain third parties, whether located within or outside Singapore, as such third parties would then be processing such personal data for one or more of the above Purposes.

You hereby acknowledge and agree that such personal data will/may be disclosed by CGS SG to the following third parties (whether located within or outside Singapore) for one or more of the above Purposes and for the said third parties to subsequently process such personal data for one or more of the above Purposes: –

1. CGS SG’s Affiliates and between each of them;
2. CGS SG’s (or CGS SG’s Affiliates’) third party service providers or agents including but not limited to those who provide administrative, telecommunications, computer, payment or securities clearing or other services to CGS SG in connection with the operation of its business, mailing houses, telecommunication companies, marketing agents, call centers, data processing companies and information technology companies;
3. any credit reference agency, rating agency, business partner, insurer or insurance broker, direct or indirect provider of credit protection, bank or financial institution, and, in the event of default, to debt collection agencies;
4. any fund management companies, private equity companies and managers, other financial companies (e.g. for structuring/ provision of services), external asset managers, service providers (e.g. alternative investment service providers) and financial service providers;
5. any credit bureau and/or its compliance committee and for such credit bureau and/or its compliance committee to disclose the personal data to third party or parties, including but not limited to its member banks or financial institutions;
6. CGS SG’s auditors and professional advisors including its solicitors;
7. any person to whom CGS SG is under an obligation to make disclosure under the requirements of any law binding on CGS SG or any of CGS SG’s Affiliates or branches or under and for the purposes of any guidelines issued by regulatory or other authorities with which CGS SG or any of CGS SG’s Affiliates or branches are expected to comply with;
8. any person to whom disclosure is permitted or required by any statutory provision or law; law;
9. any permitted assigns;
10. CGS SG’s successors in title; and/or
11. any local or foreign regulatory body, government agency, statutory board, ministry, departments or other government bodies and/or its officials.

If you (or where applicable, any of your personnel) do not wish for CGS SG to use the submitted personal data or disclose the submitted personal data for any of the above Purposes, you may withdraw the consent at any time by prior written notice to CGS SG, however, depending on the circumstances and the nature/extent of the withdrawal, the withdrawal of consent may result in CGS SG’s inability to provide you with the services and products and hence may result in the termination of your relationship and/or account(s) with CGS SG or other consequences of a legal nature which may arise by virtue of your legal relationship with CGS SG.

Your latest written instructions to us will prevail. In certain instances where marketing communications from us are sent via browser push to your mobile device, you will have to follow certain prescribed steps to discontinue the receipt of marketing communications from us. Please take note that certain communications such as statements of account and our websites contain standard information regarding our other products and services that cannot be removed without affecting the delivery/provision of our services and/or products, the operation of your account(s) and/or facility(ies) with us, and/or additional costs to you.

For the avoidance of doubt, in the event that Singapore personal data protection law permits an organization such as CGS SG to collect, use or disclose your personal data without your consent, such permission granted by the law shall continue to apply.

You agree that where your written permission is required by law or otherwise for any such disclosure by CGS SG, the signing of the application form(s), account opening document(s), and/or any other methods of consent notification, as well as in any other manner permitted by law shall constitute and be deemed to be sufficient written permission for such disclosure.

CGS SG’s rights under this Privacy Policy shall be in addition to and without prejudice to CGS SG’s other rights of disclosures available pursuant to any other statutory provision and in law and nothing herein is to be construed as limiting any of these other rights.

## Cookies and related technologies

“Cookies” are small text files a website can use to recognize repeat users, facilitate the user’s ongoing access to and use of the website or mobile application and allow a website or mobile application to track usage behavior and compile aggregate data that will allow content improvements and targeted advertising. Cookies are not programs that come onto a user’s system and damage files. Generally, cookies work by assigning a unique number to the user that has no meaning outside the assigning site.

We use cookies for a number of purposes, including to store your preference for certain types of information or products and services, further analysis for the purpose of providing products and services to you, to improve our products and/or to personalize our services to you. We may allow other companies that are presenting advertisements on some of our pages to set and access their cookies on your computer or mobile device. The use of cookies by such companies is subject to their own privacy policies, not this one. Advertisers or other companies do not have access to CGS SG’s cookies.

You may adjust settings on your browser and/or mobile device so that you will be notified when you receive a cookie or other similar tracking tools. Please refer to your browser documentation to check if the tracking tools have been enabled on your computer and/or mobile device or to request not to receive cookies or to disable cookies if you do not wish to have information collected via the use of cookies. However, please note that if you do this, certain features (e.g., customized delivery of information) available on our websites or mobile applications may not be available to you.

## Third Party Websites

Our website or mobile applications may contain links to other websites which are not maintained by CGS SG. We are not responsible for the privacy practices of such websites operated by third parties that are linked to our websites or mobile applications. When visiting these third-party websites, you should read their privacy policies which will apply to your use of such third-party websites to determine how they will handle any information they collect from you.

## Revisions to Privacy Policy

This Privacy Policy may be revised from time to time. Notice of any such revision will be given via emails and/or by such other means of communication deemed suitable by CGS SG.

## Contacting CGS SG about your privacy and how we handle your Personal Data

If you: –

1. have any query or feedback in relation to this Privacy Policy or how we handle your personal data;
2. would like to withdraw your consent to any use of your personal data as set out in this Privacy Policy; or:
3. would like to obtain access and make corrections to your personal data records, kindly contact us at the following contact point:

E-mail: investup.sg@cgsi.com

## Terms of Use

Please do read these terms and conditions of use (“these Terms of Use”) carefully before using https://cgsi.com.sg/up (“this Website”). Your access to and use of this Website is subject to the following terms and conditions and all applicable laws. Please note that these Terms of Use will apply to your access of this Website regardless of whether you register or subscribe to be a user.

By accessing and using this Website, you would be signifying your assent to these Terms of Use. If you do not agree to these Terms of Use, please do not use this Website. These Terms of Use may be amended or modified, or new conditions may be imposed, at any time. Any such changes or additions will be reflected by an update of this posting. You are therefore responsible to regularly update or familiarize yourself with the changes made to these Terms of Use. Please check these Terms of Use periodically for changes. Your continued access of this Website following the posting of changes to these Terms of Use will mean you accept those changes.

## 1. General

This Website (bearing the domain name “https://cgsi.com.sg/up”) is owned managed and/or operated by CGS International Securities Singapore Pte. Ltd. (“CGS SG”).

This Website is solely for your personal use and for information purposes only. All content, material, information, data or opinions accessible via this Website are provided by CGS SG “as is” and without warranties of any kind either express or implied to the fullest extent permissible and subject and pursuant to applicable law. CGS SG disclaims all warranties, express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose or non-infringement.

Nothing on this Website should be construed as an offer or solicitation for the purchase or sale of securities, futures or commodity as defined in the Singapore Securities and Futures Act and the Singapore Commodity Trading Act.

The responses in our “Frequently Asked Questions” on this Website form an integral part of these Terms of Use and would be binding on you. Please read these “Frequently Asked Questions” carefully and thoroughly.

## 2. Information

Information contained on this Website (including information provided by CGS SG’s third party service provider(s)) is derived from sources CGS SG considers to be reliable, but CGS SG does not warrant the accuracy, correctness or completeness of any information furnished. CGS SG makes no representation or warranty, express or implied, as to the results to be attained by any person from the use of the information or services found or comprised on this Website. CGS SG also makes no express or implied warranties of merchantability, satisfactory quality, or fitness for a particular purpose or use with regard to such information or services.

Any opinions or estimates expressed on this Website whether made by CGS SG or a third party constitute their reasonable judgment as of the date such opinions or estimates are first published and are subject to change without notice. In providing information on this Website, CGS SG, its employees or agents:

1. do not give financial or investment advice; and
2. do not have knowledge of, have not considered, have not given any consideration to and have not made any investigation of the specific investment objectives, financial situationor particular needs of any user, any specific person or group of persons or visitors to this Website. In the circumstances, you are advised to always make such independent investigations as may be necessary in order for you to make an informed and reasoned decision regarding your personal, legal, commercial, or financial matters. In particular please note that:
   1. any forecasts or projections or forward-looking statements made whether by CGS SG or any other party on this Website are not necessarily indicative of future or likely performance, future events or future financial performance of products, countries, markets or companies and these statements are only predictions and actual events or results may differ; and
   2. any opinion or estimate contained on this Website is made without the knowledge, consideration or investigation of the specific investment objectives, financial situation or particular needs of any user, any specific person or group of persons or visitors to this Website and is not to be relied on or considered as advice of any nature whatsoever.
3. With respect to this paragraph 2 in particular, CGS SG expressly disclaims all liability for the use or interpretation by others of information contained on this Website or for any loss arising whether directly or indirectly as a result of the visitor, user, any person or group of persons acting on any information, opinion or estimate contained on this Website.

## 3. Intellectual Property

Information found or comprised on this Website are the property of CGS SG, or other information or service providers and are confidential or the subject of copyright or other applicable moral or intellectual property rights. Visitors to this Website may not reproduce, hyperlink to, retransmit, disseminate, sell, distribute, publish, broadcast, circulate or commercially exploit the information found on this Website in any manner without the express written consent of CGS SG, or use such information or services for any unlawful or unauthorised purpose.

Permission is granted to electronically copy and/or print hard copies of pages from this Website solely for the visitor’s own personal non-commercial purposes only. Any other use of this Website or information or services found on this Website is strictly prohibited, unless with the written permission of CGS SG.

## 4. Restrictions on Deep Linking/Framing

CGS SG is concerned about the integrity of this Website when it is accessed in a manner solely determined by third parties or viewed in a setting solely created by third parties. Specifically, CGS SG is concerned with activities such as linking to an internal or subsidiary page of this Website that is located one or several levels down from the home page of this Website (“Deep Linking”) and the incorporation of any part of this Website as part of your own web page (“Framing”). Deep Linking to or Framing any part of this Website or any similar activity may not be carried out by you unless you have first obtained the express written permission of CGS SG to do so.

## 5. Limitations of Use

You also may not take any action that imposes an unreasonable or disproportionately large load on this Website, or the associated infrastructure supporting this Website (including any computer or software systems supporting this Website).

You are prohibited from obtaining or attempting to obtain, through any means, any information, material or content not intentionally made available or provided through this Website.

You are prohibited from using any robot, spider, manual and/or automatic device, manual process, software or routine that may interfere with the proper operation of this Website.

You are also prohibited from using any robot, spider, manual and/or automatic device, software or routine to access and/or use either the services available on this Website or the Website itself, unless duly approved and authorised by CGS SG.

## 6. Responsibility and Compliance with Law

Your use of this Website is subject to all applicable laws and regulations (whether having the force of law or not). You agree that you shall:

1. not use this Website for illegal purposes or unauthorised purposes;
2. not interfere with or disrupt computer networks or systems connected to, supporting or hosting this Website; and
3. comply with all regulations, policies and procedures of networks connected to or which may be hosting this Website.

Please also note that it is your responsibility to ensure that you are eligible to use this Website. If the access to this Website by you from your jurisdiction is restricted or prohibited, please do not access or use this Website.

## 7. Portfolios

CGS SG may, at its sole and absolute discretion, provide one or more model portfolios of investment products or securities to members as benchmarks of how such a portfolio might be managed. These are provided to help you evaluate your research, and not as recommendations. Actions relating to the addition or deletion of any investment product, security, group of investment products and securities, funds or any traded commodity should not be construed as investment advice. CGS SG’s model portfolio decisions are made without any regard to the knowledge, consideration or investigation of the specific investment objectives, financial situation or particular needs of any user, any specific person or group of persons or visitors to this Website.

CGS SG may also provide users with the opportunity to make public their own portfolios via the Website and changes in such portfolios should not be construed as investment advice. You should do your own research before making any investment related decision. You agree that, you and you alone are responsible for your investment decisions, and any gains or losses that may arise accordingly.

## 8. Third Party Services/Investment Products

While certain third party services may be accessible through this Website (the “Third Party Services”), such services are provided by third parties (which may be subject to additional terms and conditions) and not provided by CGS SG. Accordingly, and notwithstanding that:

1. any Third Party Services are co-branded with this Website;
2. any logos or trademarks of this Website or CGS SG appears on any web pages relating to or offering the Third Party Services; or
3. any Website or web page may be framed within this Website,

CGS SG gives no warranty of any kind, implied, express or statutory (including but not limited to warranties of availability, satisfactory quality or fitness for a particular purpose) in conjunction with any Third Party Services or any products (including mutual funds) obtained through such services and your access and use of any Third Party Services is at your own risk.

CGS SG shall also not be liable, (whether under contract or tort or other legal theory), for any damages or expense (including any direct, indirect, consequential or special damages) which you may suffer or incur as a result of using any Third Party Services or in connection with any products (including mutual funds) obtained through such services.

Investments in any securities and/or products which may be accessible via the Third Party Services (the “Investment Products”) are not deposits or other obligations of, or guaranteed or insured by CGS SG or its affiliates and are subject to investment risks, including the possible loss of the principal amount invested. Past performance is not indicative of future performance. The value of the Investment Products and the income from them may fall as well as rise. All applications for Investment Products must be made on the application form accompanying the relevant prospectus, if required by applicable law. Investors should read the prospectus for details. Further, if you wish to use any Third Party Services you will have to abide by any terms and conditions imposed by such third parties in respect of such services.

## 9. Further Warranties and Limitation of Liabilities

We do not make any representation, recommendation, endorsement, warranty or guarantee the completeness, adequacy, quality, accuracy or timeliness of any content, material, information, data, or opinions that may be obtained or is available via this Website, including but not limited to that provided by any institutions, advertisers, consultants, legal advisors or any third party service provider of CGS SG.

As users of this Website, you may encounter other parties who may identify themselves or are identified as other users, staff of CGS SG or otherwise. These people may or may not be associated with CGS SG. In any event these people are individuals, the opinions they express are their own and not those of CGS SG. These people may or may not have formal financial training or experience regardless of what they may tell you. Accordingly, you agree to treat with caution anything these people may tell you and not to hold CGS SG liable for their communications and/or your actions based on them. Please remember that, almost every individual you encounter on this Website will have a financial interest in the investment products or securities they discuss. They may or may not tell you about such holdings.

We do not warrant that any feature or function comprised or accessible via this Website will be uninterrupted or error-free, that defects will be corrected or that this Website or the computer system supported by this Website is free of any virus or other harmful elements. We assume no responsibility for the deletion, mis-delivery or failure to store any user communications, materials, information, data or email. Access and reliance of any content, material, information, data or opinions accessible via this Website by you is done at your own discretion and risk and you will be solely responsible for any damage to your computer system or loss of data that results from the storage or download of any such content, material, information, data or opinions.

Please note that should you chose to access or use this Website, the allocations of liability mentioned in these Terms of Use, including those mentioned in this clause 9, represent the agreed and bargained for understanding of the parties with respect to CGS SG’s liability. You acknowledge that the limitations set out in these Terms of Use (including this clause 9) are integral to the consideration payable to CGS SG for providing this Website and that were CGS SG to assume any further liability beyond that set forth in this clause 9, such consideration would be substantially higher.

## 10. Indemnity

You agree to indemnify and hold CGS SG and its affiliates (including its and their respective directors, officers and employees) (each an “Indemnified Person”), harmless from and against any and all Claims or Losses (as defined below) which any Indemnified Person may suffer or incur due to or arising out of or in connection with (a) your breach of any of the provisions of these Terms of Use, (b) your infringement of any rights or intellectual property rights, including copyrights, trademarks or rights of confidence of any person or entity, (c) any action taken or omitted to be taken in good faith by any Indemnified Person pursuant to any instructions, notice or request by you, or (d) the enforcement of CGS SG’s rights against you under these Terms of Use.

## 11. Risks Disclaimer

Due to the nature of the Internet, a visitor to this Website must acknowledge and accept the risks of the possibility of:

1. unauthorised copying, amendment, recording or reading of or interference with messages or this Website by third parties
2. delay in or inability to access or use this Website due to any hardware, software, system or connection failure, error, omission, interruption, delay in transmission or computer virus; and
3. loss of data or information that may occur due to any cause whatsoever, including any failure of any electrical, electronic, computer, microprocessor, recording or communication system of CGS SG or any other party, and the visitor releases CGS SG from any claim which the visitor may have as a result of the visitor assuming such risks. In any event CGS SG shall not be liable, whether under tort or contract, for any damages, losses or expenses suffered or incurred by visitors, including direct, consequential, incidental, special, or indirect damages, or loss of profits or trading losses, arising from or otherwise resulting directly or indirectly from:
   1. any government restriction, exchange ruling, suspension of trading, war, strike, industrial action, civil commotion, national disaster or any other event or circumstance beyond CGS SG’s control;
   2. any failure of any relevant correspondent or other agent or principal of CGS SG, or any failure of any information sources, depository, dealer, exchange, clearing house or regulatory or self-regulatory organisation for any reason whatsoever to perform its obligations; and
   3. any failure of any computer hardware, application software or software utilised in relation to or in respect of the provision of this Website or any interruption, interference, delay in respect of or loss of use or access to this Website due to technical difficulties or outages that may affect CGS SG or any other party’s computer, communications or power systems or supplies, even if CGS SG has been advised of or is aware of the possibility of such damages, losses or expenses arising.

Trading in financial products involves risks and may not be suitable for all investors. You are advised to seek professional advice, always ensure that you fully understand the risks involved, and carefully consider your investment objectives, level of experience, and risk appetite before trading. The risk of loss in trading leveraged products such as leveraged FX and Options can be substantial and may result in you sustaining losses exceeding your initial investments.

## 11. Exchange Specific Disclaimer

#### Bursa Malaysia

Bursa Malaysia Securities Bhd (“Bursa Malaysia”) and CGS SG make no representation or warranty (including all express, implied and statutory warranties of any kind arising from usage, custom, trade or by operation of law), as to the veracity, reliability, accuracy, completeness, currentness, comprehensiveness, fitness for any particular purpose or use of the information from Bursa Malaysia, or that such information shall error-free or virus-free. You agree and accept that Bursa Malaysia expressly reserves the right to and may in its sole discretion change the technological basis of the transmission of information to CGS SG at any time and from time to time.You shall not transmit, distribute, disseminate (by any means whatsoever), or re-transmit, re-distribute or re-disseminate (by any means whatsoever), or access CGS SG’s facilities to retrieve for the purposes of transmission, distribution or dissemination, the information from Bursa Malaysia.

In the case where Bursa Malaysia ceases the provision of information (in any form or format) to CGS SG, you accept and agree that such information will no longer be available to you forthwith and we shall not be liable to you for any reason whatsoever in respect thereof. In the case where Bursa Malaysia requires CGS SG to cease the provision of information (in any form or format) to you, you accept and agree that such (i) cessation shall not be challenged in any manner whatsoever, and (ii) information will no longer be available to you forthwith, and we shall not be liable to you for any reason whatsoever in respect thereof.

You agree to provide such information as may be required (and only to the extent so required) by CGS SG in order for CGS SG to meet CGS SG’s obligations to Bursa Malaysia.

You agree that you shall not (i) use the information or any part thereof in any deliberate attempt to establish, maintain or provide, or assist in establishing, maintaining or providing any service, activity or facility which does not comply with the relevant laws and the business rules of Bursa Malaysia (for the time being and from time to time in force); and (ii) use Information to design, calculate, manage or promote any indices that compete with any indices owned or partially owned by Bursa Malaysia.

You shall indemnify and keep CGS SG fully indemnified against all loss, damage, costs and expenses which CGS SG may suffer or incur as a result of any claim, action or legal proceeding made or commenced by Bursa Malaysia on CGS SG and any damages or compensation awarded against CGS SG by any court or tribunal of competent jurisdiction, arising from, inter alia, a breach or failure to fully perform any of your obligations herein.

#### American Stock Exchange, Inc. and New York Stock Exchange, Inc.

"American Stock Exchange, Inc. and New York Stock Exchange, Inc. do not guarantee the timeliness, sequence, accuracy or completeness of market data and are not liable to anyone for problematic data, for any negligence or force majeure."

#### The NASDAQ OMX Group, Inc.

The provision and availability of information concerning price and index quotes on NASDAQ (the “NASDAQ Information”) is subject to the terms and conditions, and limitations, imposed by The NASDAQ OMX Group, Inc ("NASDAQ OMX") on CGS SG. The provision and availability of such information to you is accordingly subject to such terms and conditions, and limitations. You acknowledge and agree that the NASDAQ Information originates from NASDAQ OMX and CGS SG disclaims all liability in respect thereof. In particular, and without derogation to the foregoing we make no representation and disclaim all express, implied, and statutory warranties of any kind to you and/or any third party including warranties as to accuracy, timeliness, sequence, completeness, merchantability, or fitness for any particular purpose in relation to the NASDAQ Information. Following from your acknowledgement and agreement that the NASDAQ Information originates from NASDAQ, you accept and agree, as a term of our provision and making available the NASDAQ Information the following:

NASDAQ OMX will make commercially reasonable efforts to offer the NASDAQ Information as promptly and as accurately as is reasonably practicable. Notwithstanding the foregoing, you acknowledge and agree that the NASDAQ Information and any and all material related to the NASDAQ Information are being provided "as is" with no warranties. In the event that the NASDAQ Information is not available as a result of a failure on the part of NASDAQ, NASDAQ OMX will endeavor, giving due regard for the cost, time and effect on other users, to correct any such failure. In the event that the NASDAQ Information is not available, is delayed, is interrupted, is incomplete or is not accurate or is otherwise materially affected for a period, your rights and remedies are expressly limited to such of the rights and remedies as may be available to CGS SG against NASDAQ OMX in respect thereof and to the extent that the exercise of such rights and remedies are, at the absolute discretion of CGS SG available to you. Beyond the warranties stated in this section, there are no other warranties of any kind, express, implied or statutory (including, without limitation, timelines, truthfulness, sequence, completeness, accuracy, freedom from interruption, any implied warranties arising from trade usage, course of dealing, or course of performance, or the implied warranties of merchantability or fitness for a particular use or purpose).

NASDAQ OMX will make commercially reasonable efforts to offer the NASDAQ Information as promptly and as accurately as is reasonably practicable. Notwithstanding the foregoing, you acknowledge and agree that the NASDAQ Information and any and all material related to the NASDAQ Information are being provided "as is" with no warranties. In the event that the NASDAQ Information is not available as a result of a failure on the part of NASDAQ, NASDAQ OMX will endeavor, giving due regard for the cost, time and effect on other users, to correct any such failure. In the event that the NASDAQ Information is not available, is delayed, is interrupted, is incomplete or is not accurate or is otherwise materially affected for a period, your rights and remedies are expressly limited to such of the rights and remedies as may be available to CGS SG against NASDAQ OMX in respect thereof and to the extent that the exercise of such rights and remedies are, at the absolute discretion of CGS SG available to you. Beyond the warranties stated in this section, there are no other warranties of any kind, express, implied or statutory (including, without limitation, timelines, truthfulness, sequence, completeness, accuracy, freedom from interruption, any implied warranties arising from trade usage, course of dealing, or course of performance, or the implied warranties of merchantability or fitness for a particular use or purpose).

Without prejudice to the other provisions of this Terms of Use,

1. CGS SG shall not be liable to you or any other person for trading losses, loss of anticipated profits, loss by reason of shutdown in operation or for increased expenses of operation, or for indirect, special, punitive, consequential, or incidental loss or damage of any nature arising from any cause whatsoever, even if CGS SG and/or NASDAQ OMX have been advised of the possibility of such damages.
2. CGS SG shall not be liable to you or any other person for any unavailability, interruption, delay incompleteness, or inaccuracy of the NASDAQ information
3. if CGS SG is for any reason held liable to you, or to any other person, for claims arising from the NASDAQ Information, whether in tort or in contract, notwithstanding the provisions in this Terms of Use, the liability of CGS SG is limited to an amount of your direct damages that is actually incurred by you in reasonable reliance, and which amount does not exceed, at CGS SG's option, the amount equal to what is received from NASDAQ OMX by way of a prorated credit or a prorated refund of any monies due to NASDAQ OMX from CGS SG (less monies refunded or credited to you) for the NASDAQ Information at issue for the period at issue.
   CGS SG shall not be liable to you or to any other person for the unavailability, interruption, delay, incompleteness or inaccuracy of information from NASDAQ OMX's third party information providers.
4. CGS SG shall not be liable to you or to any other person for the unavailability, interruption, delay, incompleteness or inaccuracy of information or data received from a re distributor of NASDAQ or for any acts or omissions of a redistributor of NASDAQ.

You shall defend, be liable to, indemnify, and hold CGS SG harmless from and against, any and all Claims or Losses imposed on, incurred by or asserted against any of the CGS SG to the extent that the Claims or Losses result from or relate to: (i) failure of yours, your employees, independent consultants/subcontractors, directors, and other agents to comply with the terms and conditions of this Terms of Use (ii) any assertion of Claims or Losses relating to the subject matter or existence of this Terms of Use against the CGS SG made by any person who is an employee, agent or officer of yours or entity who is related to, associated to or is an affiliate of yours who receives the NASDAQ Information from us (or any such person or entity relying upon the NASDAQ Information (iii) breach of any warranty by you; (iv) any defense or participation by any person who is an employee, agent or officer of ours or entity who is related to, associated to or is an affiliate of yours in any action, suit, arbitration, or judicial or administrative proceeding involving any Claims or Losses described in this section, or (v) the receipt or use of the NASDAQ Information (including representations about the NASDAQ Information) by yourself, your employees, directors, and other agents. Unless otherwise stated herein, "Claims or Losses" means any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, judgments, and reasonable costs and expenses of whatever nature, whether incurred by or issued against a party, including, without limitation: (i) indirect, special, punitive, consequential, or incidental loss or damage (including, but not limited to, trading losses, loss of anticipated profits, loss by reason of shutdown in operation or increased expenses of operation, or other indirect loss or damage); and (ii) reasonable administrative costs, litigation costs, and auditors' and attorneys' fees, both in-house and outside counsel, and related disbursements.

In no event shall any claim, dispute, controversy or other matter in question be made against CGS SG by you (or any person or entity claiming by or through yourself) later than one year after the claim, dispute, controversy or other matter in question has arisen.

#### SINGAPORE EXCHANGE

Singapore Exchange endeavours to ensure the accuracy, correctness and reliability of the information provided but makes no representations and disclaims all express, implied, and statutory warranties of any kind including, but not limited to, representations and warranties regarding accuracy, timeliness, completeness, currentness, non-infringement, merchantability, or fitness for any particular purpose. Or any representations or warranties arising from usage or custom or trade or by operation of law.

## Terms and Conditions

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