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Capital Markets Pte. Ltd.

Payment

Please note that for application sent via email or fax, the submission of the original form, certified copy of passport, proof of residency and other relevant corporate documents are required within 14 days by standard mail.

Saxo Capital Markets is required by law to obtain the following documentation.

S A X O C A P I T A L M A R K E T S I N D I V I D U A L C L I E N T A P P L I C A T I O N F O R M

INDIVIDUAL DOCUMENTATIONA

(Certified by a Practising Lawyer or Notary Public and "Certification of Signature Form" is required if the Proof of Identity does not contain the sample signature)

Valid National Identity Card

Identity documents must be current and of at least 6 months’ validity, issued by official government authorityand include:

Types of acceptable documents: (Showing your full name)

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Are you a US Citizen? Yes No Are you a US resident for tax purposes? Yes No

In compliance with the Foreign Account Tax Compliance Act (FATCA) Saxo Capital Markets is required to obtain the following self-certification from you:(For more information, please go to www.irs.gov)

Are you related to any employee of Saxo Capital Markets Pte Ltd ? If yes, please state name of employee and relationship Yes No

Name of employee: Relationship:

(as shown on passport/ID, please underline surname):

If you have answered YES to any of the above questions, please provide your US Taxpayer Identification Number (TIN):

If you are a Singapore Citizen or PR, please indicate if you wish to trade SGX stocks.Monthly custody fee of USD 5 applies

Marital Status: Single / Married / other:

City and Country of birth (required):

If holding dual citizenship, please state the country of your second citizenship:

Country of tax residence TIN No TIN - State reason A, B or C.

If you indicated Reason B, please explain why you are unable toobtain a TIN or equivalent.

Reason A - Country does not issue TINs or equivalentReason B - Unable to obtain a TIN or equivalent (Please explain why you are unable to obtain a TIN above)Reason C - No TIN is required. Domestic law of the relevant country/jurisdiction does not require the disclosure of TIN.

Please complete this section listing all jurisdictions where you are resident for tax purposes and your Tax Identification Number (TIN) for each jurisdiction.

In compliance with Common Reporting Standards (CRS), Saxo Capital Markets is required to obtain the following information from you:(For more information, please go to www.oecd.org/tax/automatic-exchange)

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N.A.

Yes No

Yes No Not applicable

Are you a Singapore PR?

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Politically Exposed Persons are natural persons who are or have been entrusted with prominent public functions either in Singapore, in a foreign country or in an international organisation.The non-exhaustive list includes:Heads of State or heads of government;Ministers, Second Ministers or Ministers of State;Senior Parliamentary Secretary or Parliamentary Secretary;Permanent Secretary or Second Permanent Secretary;Members of Parliament;Nominated Members of Parliament;Non-Constituency Members of Parliament;Director - General;Heads of Statutory Boards;Chairman & Chief Executive Officer of Government Bodies excluding GLC;Head or Secretary General of Key Political parties;Senior Management (directors, deputy directors, board members or equivalent functions) of United Nations and affiliated agencies, regional international organisations, military international organisations and economic organisations.

(if you are student):

Employment / Education (For retiree, housewife or unemployed, please state information regarding your previous employment)

Brother, adopted brother or step-brother; andSister or adopted sister or step-sister.

Prominent public functions include the roles held by heads of state, heads of government, government ministers, senior civil or public servants, senior judicial or military officials, seniors executives of state owned corporations, senior political party officials, members of the legislature and senior management of international organisations.

Agro-Industries Energy and Utilities Banking and Financial Institutions ConstructionPublic Sector Communications Others (please specify):

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PROFILE & SCOPE OF CLIENT RELATIONSHIP (ALL FIELDS ARE MANDATORY)

Previous or current salary Profit from selling own company InheritanceOwn BusinessPension Trading profit Royalties Others : _________________

Source of funds (for investment)

How much do you intend to invest with Saxo Capital Markets? SGD _________________

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PART 5 | RISK WARNING (IMPORTANT. PLEASE READ)

S A X O C A P I T A L M A R K E T S I N D I V I D U A L C L I E N T A P P L I C A T I O N F O R M

When trading in foreign exchange, the investor takes a view on the development if the price of one currency relative to another, where one is sold and the other ispurchased. By way of example, an investor may sell British pounds (GBP) against the US dollar (USD) if he expects that the USD will increase relative to the GBP. Foreign exchange is traded as a leveraged product, which means that for a small outlay, you can open and trade larger positions in the market. Foreign exchange may betraded as FX Spot, FX Forward, FX Options or Non-Deliverable Forwards (NDFs). FX Spot is the purchase of one currency against the sale of another for immediate delivery.FX Forward and FX Options transactions are settled on an agreed date in the future at prices which are agreed on the date of the transaction. FX Forward trading involvesan obligation to enter into the transaction at the agreed price on the settlement date. A purchaser of FX Options has a right to enter into a transaction in the underlyingFX Spot currency pair on the expiry date if the price is more favourable than the market price at this time. On the other hand, a seller of options has an obligation to enterinto a transaction with the purchaser (Saxo Capital Markets) on the settlement date if requested by the purchaser. Purchased options therefore involve a limited risk in theform of premium which is payable when the contract is made, while options that have been sold involve an unlimited risk in the form of changes to the price of theunderlying FX Spot currency pair. NDFs are used for countries which have capital controls and do not allow their currencies to exit their countries. An NDF is traded on aforward-basis and is settled in USD at the official fixing rate which happens 1 or 2 days before the value date; after the fixing, there will be an exchange of USD which isequivalent to the P&L of the trade. The currency exchange market is the world's largest financial market with 24 hour trading on working days. It is characterised, among other things, by a relatively lowprofit margin compared to other products. A high profit is therefore subject to a large trading volume, which is achieved for instance by margin trading as described above.When trading in foreign exchange, a gain realised by one market player will always be offset by another player's loss. Foreign exchange transactions are always made withSaxo Capital Markets as counterparty; this implies that any position opened with Saxo Capital Markets can only be closed with Saxo Capital Markets. Overall, OTC transactions may involve greater risk compared to for example trading in securities like shares due to the fact that in OTC transactions there is no central counterparty and either party to the transaction bears certain credit risk and risk of default on the other party. Please note that as foreign exchange is margin traded, it allows you to take a larger position than you would otherwise be able to based on your funds with Saxo CapitalMarkets. As such, a relatively small negative or positive market movement can have a disproportionately significant effect on your investment. This makes the potential gain quite high, even if the deposit is relatively small, but also a significant loss if the trade goes against you. If your total exposure on margin trades exceeds your deposit, you risk losing more than your deposit.

CFDs

TOUCH OPTIONSA Touch Option is a type of option in which, unlike with traditional options, the payout can take only two possible outcomes: either you are paid the return in a predefined, fixed amount upon the occurrence of the event prior to expiry date, or you lose the amount invested in the option. Simply stated, a Touch Option is generally held until expiry in an “all or nothing” payout structure and based on a simple “yes” or “no” proposition: Will an underlying asset be above a certain price at a certain time?

The maximum loss is known when you trade Touch Option, and depending on whether it is a buy or sell position, the premium or the notional/payout (whichever represents the maximum loss) is reserved from your account in full when the Touch Option is dealt, i.e. the product cannot be traded on margin.

You should not engage in Touch Options trading unless you fully understand the basic aspects of such trading as well as its associated risks.

Futures

A CFD - or Contract for Difference - is a speculation in changes in values. The product allows you to speculate in future increases or decreases in the value of a specific asset, amongst others, forex, precious metals, indexes and shares, however, it should be noted that no physical delivery of the underlying asset will occur. If your speculation proves to be correct, you will make a profit from the difference in value (less costs). If your speculation proves to be incorrect you will have to pay the difference in value (plus costs). Being tied to an underlying asset, the value of a CFD depends on that asset. CFDs are always margin traded (see the above paragraph on foreign exchange transactions). CFDs are traded with Saxo Capital Markets as the counterparty this implies that any position opened with Saxo Capital Markets can only be closed with Saxo Capital Markets. Overall, OTC transactions may involve greater risk compared to for example exchange traded products like shares due to the fact in OTC transactions there is no central counterparty and either party to the transaction bears certain credit risk and risk of default on the other party. However, the price always moves with the price of the underlying product, which is in most cases traded on a regulated market. The price and liquidity of CFDs on individual shares mirror the price and liquidity of the share on the market in which the share is admitted for trading, whereas, for instance, index CFDs are over-the counter(OTC) products with a price fixed by Saxo Capital Markets on the basis of the price and liquidity of the underlying shares, the futures market, estimated future dividends, the effects of interest rates, etc.

Please note that as CFDs are margin traded, it allows you to take a larger position than you would otherwise be able to based on your funds with Saxo Capital Markets. As such, a relatively small negative or positive movement in the underlying instrument can have a significant effect on your investment over a very short period of time. CFD trading therefore involves a relatively high level of risk. This makes the potential gain quite high, even if the deposit is relatively small. If your total exposure on margin trades exceeds your deposit, you risk losing more than your deposit.

Futures trading involves trading on the price of a specific underlying asset going up or down in the future. A future gives the holder a standardised obligation to either buy or sell the underlying asset at a specified price at a certain date in the future. The underlying asset may, for instance, be raw materials, agricultural produce or financial products. Depending on the nature of the future, the asset either has to be settled for the price difference or by actual delivery at the settlement date, however, it should be noted that no physical delivery of the underlying asset will occur. Saxo Capital Markets does not support actual physical delivery. Futures are always traded on margin (see “Foreign exchange trading” above). Futures are always traded in a regulated market, either by direct trading in the stock exchanges' trading systems, or by reporting of transactions.

Contract OptionsOption trading is highly speculative and is not suitable for all investors due to the risks involved. Buyers and sellers of Contract Options should familiarize themselves with the type of option (i.e. put or call, bought or sold) they intend to trade and the associated risks. Contract Options are traded with Saxo Capital Markets as counterparty to the trades; this implies that any position opened with Saxo Capital Markets can only be closed with Saxo Capital Markets.

A Contract Option gives you the right or the obligation to either buy or sell a specified amount or value of a particular underlying asset at a fixed exercise price, by the option being exercised either before or on its specified expiration date. A Contract Option which gives you the right to buy or the obligation to sell is a call option and a Contract Option that gives you the right to sell or the obligation to buy is a put option.

A Contract Option that is in the money on expiry will always be exercised.

Please note that as futures are margin traded, it allows you to take a larger position than you would otherwise be able to based on your funds with Saxo Capital Markets. As such, a relatively small negative or positive market movement can have a significant effect on your investment. Futures trading therefore involves a relatively high degree of risk. This makes the potential gain quite high, even if the deposit is relatively small, but also a significant loss if the trade goes against you. If your total exposure on margin trades exceeds your deposit, you risk losing more than your deposit.

IMPORTANT - READ CAREFULLY:This is an important Risk Warning Statement. This page covers risks associated with trading leveraged products. The next page covers risks associated with trading overseas-listed investment products.

A SIMPLIFIED SUMMARY ON LEVERAGED PRODUCTS AND THE RISKS ASSOCIATED WITH THEMTrading in financial products always involves a risk. As a general rule, you should therefore only trade in financial products if you understand the products and the risks associated with them. We have endeavoured in the following sections to cover the key leveraged products that Saxo Capital Markets offers to its clients as well as the risksassociated with these particular products.

Foreign exchange trading (FOREX)

Trading Contract Options involves a high level of risk. Contract Options that gives you the right to either sell or buy an underlying asset (bought Contract Options) might expire worthless and your initial investment ( i.e. premium and transaction costs) will be lost. Contract Options that give you the obligation to either sell or buy an underlying asset (sold Contract Options) can result in substantial (potentially unlimited) losses. To assure you will be able to cover losses on sold Contract Options Saxo Capital Markets will require margin charges. Nonetheless, potential losses can exceed the margin charged and you will be liable for these losses.

If your total exposure on margin trades exceeds your deposit, you risk losing more than your deposit. If the underlying asset of a Contract Option is a margin traded product (i.e. a derivative), and if the Contract Option is being exercised by the buyer, then the buyer (in case of a call option) or the seller (in case of a put option) of the Contract Option will acquire a position in the underlying margin traded product with associated risks as well as liabilities to provide margin.

Please note that by default, you will be enabled for buy Contract Options (puts and calls) only. Should you wish to be enabled to write / sell Contract Options (puts and calls), please contact your account manager.

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A SIMPLIFIED SUMMARY OF OVERSEAS-LISTED INVESTMENT PRODUCTSAn overseas-listed investment product* is subject to the laws and regulations of the jurisdiction it is listed in. Before you trade in an overseas-listed investment product or authorise someone else to trade for you, you should be aware of:• The level of investor protection and safeguards that you are afforded in the relevant foreign jurisdiction, as the overseas-listed investment product would operate

under a different regulatory regime. • The differences between the legal systems in the foreign jurisdiction and Singapore that may affect your ability to recover your funds.• The tax implications, currency risks, and additional transaction costs that you may have to incur.• The counterparty and correspondent broker risks that you are exposed to.• The political, economic and social developments that influence the overseas markets you are investing in.These and other risks may affect the value of your investment. You should not invest in the product if you do not understand or are not comfortable with such risks. * An “overseas-listed investment product” in this statement refers to a capital markets product that is listed for quotation or quoted only on overseassecurities exchange(s) or overseas futures exchange(s) (collectively referred to as “overseas exchanges”).

1. This statement is provided to you in accordance with paragraph 29D of the Notice on the Sale of Investment Products [SFA04-N12].2. This statement does not disclose all the risks and other significant aspects of trading in an overseas-listed investment product. You should undertake such transactions only

if you understand and are comfortable with the extent of your exposure to the risks. 3. You should carefully consider whether such trading is suitable for you in light of your experience, objectives, risk appetite, financial resources and other relevant

circumstances. In considering whether to trade or to authorise someone else to trade for you, you should be aware of the following: Differences in Regulatory Regimes(a) Overseas markets may be subject to different regulations, and may operate differently from approved exchanges in Singapore. For example, there may be different rules

providing for the safekeeping of securities and monies held by custodian banks or depositories. This may affect the level of safeguards in place to ensure proper segregation and safekeeping of your investment products or monies held overseas. There is also the risk of your investment products or monies not being protected if the custodian has credit problems or fails. Overseas markets may also have different periods for clearing and settling transactions. These may affect the information available to you regarding transaction prices and the time you have to settle your trade on such overseas markets.

(b) Overseas markets may be subject to rules which may offer different investor protection as compared to Singapore. Before you start to trade, you should be fully aware of the types of redress available to you in Singapore and other relevant jurisdictions, if any.

(c) Overseas-listed investment products may not be subject to the same disclosure standards that apply to investment products listed for quotation or quoted on an approved exchange in Singapore. Where disclosure is made, differences in accounting, auditing and financial reporting standards may also affect the quality and comparability of information provided. It may also be more difficult to locate up-to-date information, and the information published may only be available in a foreign language.

Differences in legal systems (d) In some countries, legal concepts which are practiced in mature legal systems may not be in place or may have yet to be tested in courts. This would make it more difficult

to predict with a degree of certainty the outcome of judicial proceedings or even the quantum of damages which may be awarded following a successful claim. (e) The Monetary Authority of Singapore will be unable to compel the enforcement of the rules of the regulatory authorities or markets in other jurisdictions where your

transactions will be effected. (f) The laws of some jurisdictions may prohibit or restrict the repatriation of funds from such jurisdictions including capital, divestment proceeds, profits, dividends and interest

arising from investment in such countries. Therefore, there is no guarantee that the funds you have invested and the funds arising from your investment will be capable of being remitted.

(g) Some jurisdictions may also restrict the amount or type of investment products that foreign investors may purchase. This can affect the liquidity and prices of the overseas-listed investment products that you invest in.

Different costs involved(h) There may be tax implications of investing in an overseas-listed investment product. For example, sale proceeds or the receipt of any dividends and other income may be

subject to tax levies, duties or charges in the foreign country, in Singapore, or in both countries. (i) Your investment return on foreign currency-denominated investment products will be affected by exchange rate fluctuations where there is a need to convert from the

currency of denomination of the investment products to another currency, or may be affected by exchange controls.(j) You may have to pay additional costs such as fees and broker’s commissions for transactions in overseas exchanges. In some jurisdictions, you may also have to pay a

premium to trade certain listed investment products. Therefore, before you begin to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

Counterparty and correspondent broker risks(k) Transactions on overseas exchanges or overseas markets are generally effected by your Singapore broker through the use of foreign brokers who have trading and/or

clearing rights on those exchanges. All transactions that are executed upon your instructions with such counterparties and correspondent brokers are dependent on their respective due performance of their obligations. The insolvency or default of such counterparties and correspondent brokers may lead to positions being liquidated or closed out without your consent and/or may result in difficulties in recovering your money and assets held overseas.

Political, Economic and Social Developments(l) Overseas markets are influenced by the political, economic and social developments in the foreign jurisdiction, which may be uncertain and may increase the risk

of investing in overseas-listed investment products.

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2FA RISK AWARENESS STATEMENTPART 6

1. What is 2FA?

2FA (also known as 2-factor authentication) is the verification of a user’s online identity using two distinct factors. The current practice used by financial institutions in Singapore is to require clients to go through a 2-factor authentication process – (1) a Personal Identification Number (PIN), which is issued by the financial institution and (2) a One-Time Password (OTP), which is generated by a hardware token device or software token application, or sent via a Short Message Service (SMS) to the client.

This is also the same practice adopted by Saxo Capital Markets Pte Ltd (“SCM”). When a SCM client who has elected to participate in 2FA wishes to access an online service provided by SCM, the client is required to enter the PIN and the OTP for authentication.

SCM has deployed Symantec’s 2FA soft token solution known as VeriSign® Identity Protection (VIP) Access. This software security token may be obtained free-of-charge via your preferred web store. Please note that, by electing the soft token solution, you are deemed to acknowledge that you may encounter occasional service downtime resulting in the delay or inability to log into your trading account. In such event, SCM shall be indemnified from any direct or indirect losses or liabilities resulting from your inability to access the third party-provided 2FA function. Alternatively, a hardware token is also available. Please note that the cost of the hard token is to be fully borne by the client. If you would like to purchase a hard token, please contact your Account Manager for more information.

Clients who register for 2FA enjoy the added security layer when accessing their trading accounts online. The client’s unique security device (soft token) generates a one-time password (OTP) which will be requested upon each trading platform login.

2. What is the purpose of 2FA?

The key objectives of 2FA are to protect the client’s online trading account and information from unauthorized access, and enhance the overall security of online trading systems.

SCM takes a proactive role in protecting our clients. We have risk mitigating measures in place to protect your online trading account and information from unauthorized access. Should you require assistance, please contact SCM for more details.

3. Is 2FA compulsory for trading through SCM?

2FA is not compulsory for trading via SCM. Nonetheless, clients are strongly encouraged to use 2FA on their online trading accounts. Clients that elect to use 2FA for login will be required to provide both password and OTP to access the online trading services. Clients should exercise due care to safeguard their password and OTP, and not disclose them to other parties.

For users of hardware tokens, any loss or theft of the token shall be reported to SCM immediately. The lost/stolen token will be disabled and the user will not be able to access his online trading account until such time when he completes the de-registration process and a new token is received. There is a fee for the token. Please contact SCM for more details.

4. What if I choose not to use 2FA for trading through SCM?

In general, single-factor password authentication is more susceptible to password-based attacks and malware that could result in the compromise and hijacking of online trading accounts by unauthorized parties. This could in turn lead to unauthorized disclosure of your personal and trading information that may be available on the online trading account, or the carrying out of fraudulent trades through your online trading account. Choosing not to use 2FA for the online trading account would increase your exposure to these risks.

5. How can I protect myself if I choose not to use 2FA for online trading through SCM?

You should observe the following practices to secure the confidentiality and integrity of your password and PIN (for funds transfer), security tokens, personal details and other confidential data as far as possible. These will help to prevent unauthorised transactions and fraudulent use of your accounts and make sure that no one else would be able to observe or steal your access credentials or other security information to impersonate them or obtain unauthorised access to your online accounts:

You should:

(a) Take the following precautions as regards your PIN and password (“credentials”);• Credentials should be at least 8 characters of alphanumeric mix;• Credentials should not be based on guessable information such as user-id, personal telephone number, birthday or other personal information;• Credentials should be kept confidential and not be divulged to anyone;• Credentials should be memorised and not be recorded anywhere;• Credentials should be changed regularly or when there is any suspicion that it has been compromised or impaired; and• The same PIN should not be used for different websites, applications or services, particularly when they related to different entities,

(b) Not select the browser option for storing or retaining user name and password(c) Check the authenticity of our website by comparing the URL and our name in its digital certificate or by observing the indicators provided by an extended validation certificate; (d) Check that the website address changes from ‘http://’ to ‘https://’ and a security icon that looks like a lock or key appears when authentication and encryption is expected;(e) Check your account information, balance and transactions frequently and report any discrepancy;(f) Install anti-virus, anti-spyware and firewall software in your personal computers and mobile devices;(g) Update operation system, virus and firewall products with security patches or newer versions on a regular basis;(h) Remove file and printer sharing in computers, especially when they are connected to the internet;(i) Make regular backup of critical data;(j) Consider the use of encryption technology to protect highly sensitive or confidential information;(k) Log off each and every online session;(l) Clear browser cache after each and every online session;(m) Not install software or run programs of unknown origin;(n) Delete junk or chain emails;(o) Not open email attachments from strangers;(p) Not disclose personal, financial or credit card information to little-known or suspect websites;(q) Not use a computer or a device which cannot be trusted; and(r) Not use public or internet café computers to access online services or perform financial transactions.

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COLLECTION, USE & DISCLOSURE OF PERSONAL DATAPART 7

As a customer of Saxo Capital Markets, we will need you to provide us with information about yourself and/or relating to your trading account (including any demo account and any sub-accounts under your trading account) (“Trading Account”). Your information may also be collected or compiled in the ordinary course of our business relationship. Such information may be considered to be “personal data” or “personal information” protected under the Personal Data Protection Act (PDPA).

By providing us with such personal data/information, you hereby acknowledge and consent to our collection, use, disclosure and/or processing of your personal date/information for the purposes set out below:

(a) Account opening and operations relating to your Trading Account and such operations would include closing of your Trading Account;(b) Provide our products and/or services to you, which shall include: (i) The execution of administration of any transaction(s) requested and/or authorised by you; (ii) The maintenance, servicing and/or termination of your Trading Account;(c) Provide you with information, materials and/or documents for information updating, marketing, advertising and/or promotional purposes relating to investment and/or financial products and/or services that Saxo Capital Markets may be selling, marketing, offering or promoting, whether such products or services currently exist now or are created in the future; (d) Comply with any legal and compliance reason under applicable laws, including: (i) Conduct of due diligence procedures for opening of accounts, credit checks and ongoing monitoring purposes; (ii) Other monitoring and compliance procedures in line with our internal risk management procedures, audit/financial accounting and management reporting purposes; (iii) Execution of fund withdrawals and/or deposits; (iv) Enforcement of legal rights; (v) Disclosure to law enforcement agencies and other relevant authorities for crime prevention and detection purposes;(e) Administration and/or managing of the relationship between Saxo Capital Markets and you/your Trading Account;

Please note that Saxo Capital Markets may share, process and disclose your personal data/information in the following circumstances and with/to the following entities (whether located in or outside Singapore):

(a) Disclose to our parent company and/or group companies;(b) Disclose to business partners or third party service providers;(c) Disclose to our legal counsels, accountants, auditors and any other professional consultants;(d) Disclose to persons with legal/beneficiary interest to your Trading Account, including persons who are acting in a fiduciary and/or legal capacity; (e) Disclose to governmental, regulatory and/or law enforcement agencies.

You are entitled to withdraw your consent for the collection, use and/or disclosure of personal data at any time by notifying us.

Please contact our Data Protection Committee at dpc@saxomarkets.com.sg if you have any questions or issues relating to your personal data/information.

For further information relating to our personal data policy, do refer to our Privacy Policy set out at www.home.saxo/sg.

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• That the General Business Terms documentation (including all risk disclosure statements therein), Market Conduct Information, the Commissions, Charges

& Margin Schedule, Conflict of Interest Policy, Best Execution Policy and any other relevant terms and conditions (as amended from time to time).

• The nature and content of the Risk Warning set out in Part 5;

• The provisions relating to collection, use and disclosure of personal data as set out in Part 7 and/or the prevailing privacy policy set out in the website of

Saxo Capital Markets, which may be amended from time to time;

• That the General Business Terms documentation (including all risk disclosure statements therein), Market Conduct Information, the Commissions, Charges

& Margin Schedule, Conflict of Interest Policy, Best Execution Policy and any other relevant terms and conditions (as amended from time to time) apply to

my/our entire trading relationship with Saxo Capital Markets.

• The product information materials relating to relevant products that may be disseminated by Saxo Capital Markets

• The nature and content of the 2FA Risk Awareness Statement set out in Part 6.

• Additional in-depth verbal information about products and inherent possibilities and/or risks, if requested for and that, satisfactory answers to my/our

questions relating to terms and conditions and other issues of relevant products have been received, understood and accepted.

SIGNATURE AND CONSENTPART 8

I/We acknowledge and declare that, by signing this form, we have received (where applicable), read, understood and agreed to accept:

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www.home.saxo/sg | E-mail ps@saxomarkets.com.sg

S A X O C A P I T A L M A R K E T S I N D I V I D U A L C L I E N T A P P L I C A T I O N F O R M

• That the information provided by me/us and completed on this form is correct and complete;

• That I/we undertake to give Saxo Capital Markets notice in writing of any change in particulars given in this form and to submit relevant supporting documen- tary proof to Saxo Capital Markets for any change to the particulars given;

• That the investment amount has been chosen by me/us having taken my/our total financial circumstances into consideration and is considered reasonable and

suitable by me/us for my/our investment objectives under the circumstances;

• That I/we declare that any funds and/or assets that I/we place with Saxo Capital Markets, and the profits generated (if any), are and will continue to comply

with relevant tax laws of the countries in which I/we live or of which I/we are citizen(s) or otherwise subject to;

• That I/we confirm that I/we have to the best of my/our knowledge, not committed or been convicted of any serious tax crimes;

• That as individual/joint account holders, I/we act in my/our own name as specified here and not on behalf of any third party in respect of all matters related to

this client relationship. All funds to be deposited and traded on my/our account with Saxo Capital Markets are my/our own funds;

• That Saxo Capital Markets will provide me/us with execution-only services. I/we will seek independent financial consultation for my/our own investment

decision(s) and Saxo Capital Markets is not my/our advisor for any transaction that I/we may effect.

dissemination constitutes

Further I/we unequivocally confirm