GENERAL DISCLAIMER

This website can be accessed worldwide however the information on the website is related to JSC Galt & Taggart (identification code: 211359206) (“Galt & Taggart”) and is not specific to any entity of Galt & Taggart Group. All clients will directly engage with Galt & Taggart and all client agreements will be entered into with Galt & Taggart and thus governed by Georgian Law.

Any fact, assessment, analysis, forecasts, opinion and other information (collectively "Information") released by Galt & Taggart, any owner, subsidiary, affiliates or branch office of Galt & Taggart and/or any director, officer, employee or representative of Galt &Taggart, whether provided on the Galt & Taggart websites, on third party websites, in marketing materials, newsletters, in individual e-mails and letters, in lectures, individual conversations or in any other form of written or verbal communication (collectively "Publications") are provided for informational and/or marketing purposes only.

Unless specifically stated, no Publication of Galt & Taggart shall be construed as an offer (or solicitation of an offer) to:

• buy or sell any currency, product or financial instrument;
• make any investment; or
• participate in any particular trading strategy (collectively "Offers").

Notwithstanding anything to the contrary (not even if specifically stated), no Publication of Galt & Taggart shall be construed as an Offer in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honored by Galt & Taggart.

NO REPRESENTATION & NO WARRANTY

Galt & Taggart uses reasonable efforts to obtain information from reliable sources, but all Publications are provided on an "as is" basis without representation or warranty of any kind (neither express nor implied) and Galt & Taggart disclaims liability for any Publication not being complete, accurate, suitable and relevant for the recipient. Specifically, Galt & Taggart disclaims liability towards any subscriber, client, partner, supplier, counterparty and other recipients for:

• the accuracy of any market quotations,
• any delay, inaccuracy, error, interruption or omission in providing market quotations,
• and any discontinuance of market quotations.

The Publications of Galt & Taggart are not updated after their release and may due to changing circumstances become inaccurate and possibly misleading after a period of time which may vary from seconds and minutes to days, weeks and months depending on the Information. Galt & Taggart gives no guarantee against, and assumes no liability towards any recipient for a Publication being outdated.

If a Publication becomes outdated Galt & Taggart shall be under no obligation to:

• update the Publication
• inform the recipients of a Publication; or
• perform any other action.

Any Publication may be personal to the author and may not reflect the opinion of Galt & Taggart. Galt & Taggart reserves the right at its sole discretion to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).

NO RECOMMENDATIONS

Galt & Taggart does not in any of its Publications take into account any particular recipient's investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Publications of Galt & Taggart are, unless otherwise specifically stated, intended for informational and/or marketing purposes only and should not be construed as:

• business, financial, investment, hedging, legal, regulatory, tax or accounting advice;
• a recommendation or trading idea; or
• any other type of encouragement to act, invest or divest in a particular manner (collectively "Recommendations").

Galt & Taggart shall not be responsible for any loss arising from any investment based on a perceived Recommendation. Notwithstanding anything to the contrary (not even if specifically stated), no Publication (including possible Recommendations) shall be construed as a representation or warranty (neither express nor implied) that the recipient will profit from trading in accordance with a trading strategy set forth in a Publication or that the recipient will not sustain losses from trading in accordance with a trading strategy set forth in a Publication. Galt & Taggart shall only be liable (in accordance with the "Limitation of Liability" section below) if a possible Recommendation is not of a good professional standard.

RISK WARNING

Trading in the products and services of Galt & Taggart may, even if made in accordance with a Recommendation, result in losses as well as profits. In particular trading in leveraged products, such as but not limited to, foreign exchange, derivatives and commodities can be very speculative and losses and profits may fluctuate both violently and rapidly. In order to view Galt & Taggart’s risk warning in detail, please visit: agreements.galtandtaggart.com

SPECULATIVE TRADING IS NOT SUITABLE FOR ALL INVESTORS

Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and Galt & Taggart strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.

LOCAL REGULATORY RESTRICTIONS

Galt & Taggart's Publications may be accessed worldwide. The Information provided in such Publications is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the products and services referred to in the Publications of Galt & Taggart are available to recipients residing in countries where the provision of such products and services would constitute a violation of mandatory applicable legislation or regulations.

It is the sole responsibility of any recipient employing or requesting a product or service of Galt & Taggart to comply with all applicable legislation or regulation.

USE OF THE WEBSITE

Any use of the Galt & Taggart's websites is subject to Galt & Taggart's "Terms and Conditions", as amended from time to time, for trader platform available at https://trader.ge/support/legal-documents/terms-and-conditions and for brokerage available at https://galtandtaggart.com/en/brokerage/service-agreements  which shall be construed as constituting an integrated part of this disclaimer.

Galt & Taggart shall not be liable for any damage or injury arising out of any person's or entity's access to, or inability to access, any website of Galt & Taggart. This limitation includes, but is not limited to, any damage to computer equipment and computer systems caused by virus, malware and any other harmful computer coding.

Consulting a website of Galt & Taggart does not constitute a customer relationship and Galt & Taggart shall not have any duty or incur any liability or responsibility towards any person or entity as a result of such person or entity consulting a website of Galt & Taggart. Any market data displayed on this Trading Platform may only be used for your own internal business purposes and only in connection with this specific service. Distribution of any market data to anyone else is prohibited.

TRANSLATION DISCREPANCIES

Galt & Taggart offers its Publications in a wide range of languages for the recipient's comfort of use. In case of discrepancy between the original English text and any translation, the original English text shall prevail. All recipients are advised to carefully examine the original English text before acting upon a translation thereof. Galt & Taggart shall not be bound by, or liable to any recipient for, an incomplete or inaccurate translation of an original English text to another language.

CLIENT RELATIONSHIP

When applying for an account with any entity within Galt & Taggart, each applicant will be subject to the relevant set of business terms. All applicants and clients are deemed to have read and understood the business terms and related policies applicable to them and their relationship with the relevant entity of the Galt & Taggart. Consulting a website or receiving a Publication of Galt & Taggart does not constitute a customer relationship and Galt & Taggart shall not have any duty or incur any liability or responsibility towards any person or entity as a result thereof.

THIRD PARTY SERVICES

Persons or entities not belonging to Galt & Taggart may advertise on Galt & Taggart's websites, through links, banners or otherwise. Galt & Taggart shall not be held responsible or liable for the offerings, information or acts of any such third party. If a user of Galt & Taggart's websites decides to act upon any such advertising, such user does so entirely at its own risk.

LIMITATION OF LIABILITY

If Galt & Taggart at any time and for any reason, should become liable for the loss of any person and/or entity, including without limitation, if any provision of this disclaimer is, or at any time becomes to any extent or in any circumstances invalid, illegal or unenforceable for any reason, the liability of Galt & Taggart shall be limited to such person's and/or entity's duly documented direct loss, which for the avoidance of doubt, and without limitation, shall not include damages for any incidental and consequential losses, damages for lost opportunity, damages for lost profit, statutory damages, nominal damages, punitive damages, restitutionary or disgorgement damages, damages for costs, including legal costs, and damages for any other indirect loss.

CONFLICT OF INTEREST

In order to prevent conflicts of interest, Galt & Taggart has established appropriate business procedures, including procedures applicable to research and analysis to ensure objective research reports. Galt & Taggart's research reports are never disclosed to nor discussed with any of the subject of the analysis, e.g. issuers of securities or others.

Galt & Taggart may hold, take, transfer or alienate positions in securities, foreign exchange or other financial instruments covered by a research reports. Galt & Taggart may act as market maker in all products and services not traded on an exchange (i.e. OTC products such as foreign exchange and CFDs) and may therefore be the counterparty in any trade conducted by customers in these products.

Galt & Taggart does not engage in corporate finance activities. Accordingly, none of Galt & Taggart's directors, officers, employees or representatives, namely people in charge of analysis reports, receives remuneration in connection with the release of any analysis.

PRIVACY AND USE OF PERSONAL DATA

When signing up for a demo or live account with Galt & Taggart, the latter will, for administrative, commercial and/or legal purposes, require and store information about the user. Detailed information about the processing of personal data by Galt & Taggart is available at: agreements.galtandtaggart.com

DISPUTES

This disclaimer and any dispute arising from or in relation thereto, including disputes regarding its legality, validity, binding effect (including adoption) and enforceability, shall be settled by the district court of London, UK in accordance with and subject exclusively to the laws of England. However, Galt & Taggart reserves the right to start legal proceedings wherever it deems fit, namely, but not exclusively, in places where the defendant possesses assets.