Please be aware that information regarding terms and conditions of corporate actions are provided on a best-efforts only basis by the clearing broker of your account (“Clearing Broker”)  based on the current information available. Clearing Broker does not guarantee the accuracy or timeliness of the information provided. The terms and conditions may be subject to change without prior notification. Prior to submitting instructions to Clearing Broker regarding a corporate action, Customers must conduct research through an independent source or by contacting the issuer and/or reviewing information on the issuer's website. By submitting instructions to Clearing Broker regarding a corporate action, Customers certify that they have read all relevant documents concerning the corporate action and that any instruction is in compliance with the terms of the corporate action and offer documentation including but not limited to compliance with any residency restrictions or other eligibility limits. Information provided by Clearing Broker regarding corporate actions does not constitute a recommendation or trading advice.

Clearing Broker will submit instructions for corporate actions on a best-efforts basis to the relevant depository or custodian. Please note that all submitted instructions are subject to acceptance by the relevant depository or custodian. As such, Clearing Broker is not liable for instructions that are rejected by a depository or custodian.

Please be aware that at or shortly after the stated deadline for a voluntary offer, shares which have been submitted and are eligible for tender will be transferred for bookkeeping purposes to a non-tradable (non-transferrable) symbol. Shares which are transferred in this manner may have restrictions on their marginability. Customers are responsible for ensuring that the account meets margin requirements at all times. In the event the account falls into a margin deficit based on the aforementioned movement, the account may become subject to liquidation. In addition, if an open order would violate Clearing Broker's margin requirements, the open order may be canceled without prior notification to the Customer.

A remaining unelected long position or subsequent purchases in the target security after Clearing Broker's stated submission deadline for a voluntary corporate action will not be considered eligible for the tender unless a subsequent election request has been submitted and acknowledged by Clearing Broker. Sales in the target security after Clearing Broker’s stated submission deadline for a voluntary corporate action will not reduce the submitted share quantity and therefore may be considered short sales.

Clearing Broker has established deadlines for Customer submission of tender instructions which may be earlier than the target company's stated deadline. Certain transactions that may affect the holdings of an account between Clearing Broker’s stated deadline and the time at which the transfer agent or depository expires the offer may result in adverse economic consequences in the account. Clearing Broker cannot guarantee that shares submitted for tender at the deadline will be eligible to be withdrawn from the offer in order to offset transactions such as, but not limited to, the exercise or assignment of option contracts, any re-posting of previous activity for clearing purposes or limitations which may exist due to the margin capacity of the account. Customers are responsible for understanding the potential economic impact of submitting shares to a voluntary corporate action while maintaining a derivative position with the same or similar underlying.

Please note that in the event Customer submits instructions for a share quantity which exceeds the available share quantity in the account at the stated deadline for the offer, Clearing Broker reserves the right to pro-rate all submitted instructions, with or without prior notification to the Customer. As such, Clearing Broker recommends that all Customers review their accounts prior to the deadline of a corporate action.

Information specific to subscription rights

Please be aware that Clearing Broker will process instructions to oversubscribe to a rights offering only in the event the customer has subscribed to the maximum allotment under the basic subscription privilege. In the event instructions to fully subscribe under the basic subscription privilege have not been submitted to, and acknowledged by Clearing Broker, Clearing Broker reserves the right to reject, without notification to the customers, a request to purchase additional shares under an oversubscription privilege.

Clearing Broker retains the right to perform a credit check on the account prior to the submission of instructions to the depository or clearing house. In the event the processing of submitted instructions would result in the account not being in compliance with margin requirements, Clearing Broker reserves the right to reduce the requested basic subscription and/or oversubscription total down to an amount which will allow the account to remain in compliance with margin requirements. Clearing Broker will not provide notification to customers in the event the total basic and/or oversubscription amount requested is reduced or rejected by Clearing Broker. Customers are responsible for ensuring that the account will be able to meet all margin requirements based on the instructions submitted.

Information specific to contract for difference (CFD) positions

In the event an account holds a CFD position on the security referenced in this notification, please note that the information is being provided to you for informational purposes only. While Clearing Broker may in the future accept indications of interest for voluntary corporate actions from CFD holders, Clearing Broker will be under no obligation to act on any such indication as a CFD holder has no legal right over any stock, whether held by Clearing Broker as a hedge against a CFD position or otherwise. If you would like more details on how Clearing Broker handles corporate actions with respect to CFD positions, then please contact your broker.

I have read and understand these Terms and Conditions and I agree to the provisions stated above.