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Legal & Regulatory Disclaimer. This website and all information, materials, data and documents made available on or through it (collectively, the “Materials”) are presented on a confidential basis solely for the purpose of providing certain information about a proprietary algorithmic trading system (the “Trading System”) developed and owned by the system developer (the “System Developer”). The Materials are qualified in their entirety by reference to any applicable licensing agreements and/or service contracts (the “Definitive Agreements”), which will contain the technical specifications, terms and conditions of utilizing the Trading System, as well as risk disclosures, tax information and conflicts of interest. The Materials are confidential and may not be reproduced, redistributed, disclosed or used, in whole or in part, for any purpose other than evaluating the Trading System. By accessing this website, you agree to maintain the confidentiality of the Materials and to return or destroy them promptly upon request of the System Developer. 1. Purpose and Confidentiality: The Materials are confidential and may not be reproduced, redistributed, disclosed or used, in whole or in part, for any purpose other than evaluating the Trading System. 2. No Offer, No Advice: The Materials are provided for information and discussion purposes only and do not constitute (i) investment advice, portfolio management or investment research; (ii) an offer to sell or a solicitation of an offer to buy any security; or (iii) an offer to sell, license or otherwise grant rights to use the Trading System or any interest therein. Any such offer or solicitation, if made, will be made only pursuant to the Definitive Agreements, which will contain a detailed description of the Trading System, the material terms of any proposed arrangement and relevant risk factors and conflicts of interest, and only in jurisdictions in which such offer or solicitation is lawful and the System Developer is properly licensed or exempt. Nothing in the Materials should be construed as legal, tax, regulatory, financial or accounting advice. Recipients should consult their own legal, tax, regulatory, financial and accounting advisers before making any decision related to the Trading System. 3. Independent Evaluation: In evaluating the Trading System, any prospective user must rely solely on its own examination of (i) the Trading System; (ii) the Definitive Agreements; and (iii) the terms, conditions, risks and merits of any proposed arrangement. No person is authorized to give any information or make any representation that is not contained in, or consistent with, the Materials and the Definitive Agreements; any such information or representation should not be relied upon. 4. Forward-Looking Statements and Performance Data: Certain information contained in the Materials may constitute “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue”, “believe” and similar expressions or their negatives. Due to various risks and uncertainties, actual events, results or the actual performance of the Trading System may differ materially from those reflected or contemplated in such forward-looking statements. No person should place undue reliance on such statements, and the System Developer assumes no obligation to update or revise them. Past performance, whether actual, backtested or simulated, is not indicative of and does not guarantee future results. There can be no assurance that the Trading System will achieve comparable results, that any performance targets will be met, or that the Trading System will be able to implement its strategies or achieve its performance objectives. Any performance data shown may not be realized at the levels illustrated. 5. Risk Factors: Utilization of the Trading System involves substantial risk, including the possible loss of the entire amount of capital committed. Risks include, without limitation, market risk and price volatility, liquidity risk and execution risk, the use of leverage and derivatives, counterparty and credit risk, operational risk (including human error, process failures and fraud), technological and infrastructure risk (including outages, latency, hardware or software failures and cybersecurity incidents), data quality risk, regulatory, legal and tax changes, geopolitical and macroeconomic events, force majeure, key person risk, conflicts of interest, model risk and overfitting, algorithmic errors and implementation flaws, and foreign exchange and interest rate risk. Prospective users should be prepared to sustain a total loss of capital and should not commit capital they cannot afford to lose. 6. Regulatory and Jurisdictional Matters: The Materials do not constitute an offer to sell or a solicitation of an offer to buy any security or to provide any regulated service in any jurisdiction where such offer, solicitation or provision would be unlawful or where the System Developer is not appropriately licensed, registered or exempt. Any utilization of the Trading System must comply with all applicable laws and regulations, including, where applicable, (i) Section 4(a)(2) of the U.S. Securities Act of 1933 and Rules 506(b)/(c) of Regulation D; (ii) the U.S. Investment Advisers Act of 1940; and (iii) applicable laws and regulations of the United Arab Emirates, the Kingdom of Bahrain and the Kingdom of Saudi Arabia and their respective regulators. Without limitation, no approval, license or registration has been obtained from (a) the Dubai Financial Services Authority (DFSA) under DIFC law or relevant rulebook modules; (b) the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA) under the Financial Services and Markets Regulations 2015; (c) the UAE Securities and Commodities Authority (SCA); (d) the Central Bank of Bahrain (CBB); or (e) the Capital Market Authority (CMA) of Saudi Arabia under the Capital Market Law or the Authorized Persons Regulations. In Saudi Arabia, any access to or evaluation of the Trading System is intended only for “sophisticated investors” as defined in the relevant CMA regulations. 7. Data Protection: Any processing of personal data in connection with the Trading System or the Materials is intended to be carried out in accordance with applicable data protection laws, including, where applicable, UAE Federal Decree-Law No. 45 of 2021, DIFC Data Protection Law No. 5 of 2020, ADGM Data Protection Regulations 2021, Bahrain Law No. 30 of 2018, Saudi Royal Decree No. M/148 and Regulation (EU) 2016/679 (General Data Protection Regulation, “GDPR”). Details of processing, legal bases and data subject rights may be further described in the Definitive Agreements and/or separate privacy notices. 8. AML, Sanctions and Tax Compliance: Strict compliance is required with all applicable anti–money laundering, counter-terrorist financing and sanctions laws and regulations, including, as relevant, the USA PATRIOT Act, U.S. Office of Foreign Assets Control (OFAC) regulations, UAE Federal Decree-Law No. 20 of 2018, Bahrain Law No. 4 of 2001, Saudi Royal Decree No. M/31 and the recommendations of the Financial Action Task Force (FATF). The System Developer may conduct such KYC/AML and sanctions screening as it deems appropriate and may decline or restrict access to the Trading System where required by law or internal policy. Each recipient is solely responsible for its own tax analysis and compliance, including with respect to UAE Corporate Tax Law No. 47 of 2022, applicable VAT laws, FATCA, CRS and all relevant tax laws and reporting requirements in its home and other applicable jurisdictions. 9. Sharia Disclaimer: No representation or warranty is made that the Trading System, any related arrangement or any of the Materials are compliant with Islamic law (Sharia) or have been reviewed, certified or approved by any Sharia supervisory board, scholar or advisory body. Parties requiring confirmation of Sharia compliance are responsible for obtaining their own independent advice. 10. No Warranty; Limitation of Liability; Indemnity: To the maximum extent permitted by applicable law, the System Developer and its affiliates expressly disclaim all representations and warranties, whether express or implied, statutory or otherwise, with respect to the Trading System and the Materials, including any implied warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, completeness or timeliness. In no event shall the System Developer or any of its affiliates, or their respective directors, officers, employees or agents, be liable for any direct, indirect, incidental, consequential, special or punitive damages, or any loss of profits, revenue, data, business or goodwill, arising out of or in connection with the use of, or reliance on, the Trading System or the Materials, even if advised of the possibility of such damages. By accessing the Materials, the recipient agrees, to the fullest extent permitted by law, to indemnify, defend and hold harmless the System Developer and its affiliates, and their respective directors, officers, employees and agents, from and against any and all claims, liabilities, losses, damages, costs and expenses (including reasonable legal fees) arising out of or in connection with any breach of this Legal & Regulatory Disclaimer by the recipient or the recipient’s use of the Materials or the Trading System.