Overseas_Investing

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TERMS AND CONDITIONS FOR USE OF WEBSITE, PRIVACY POLICY AND DISCLAIMER

Important Note:

This document forms legal agreement between you and ICICI Securities Limited (hereinafter referred to as "ISEC"). It grants certain rights and imposes certain obligations on you in connection with your use of the Website www.icicidirect.com

(the "Site") for the purposes of trading in U.S. Equities and Options through Penson Financial Services (hereinafter referred to as "Clearing Broker"). You should read this document carefully and only accept its terms if you understand and

agree with them. If you accept and agree with all of the terms, you should click on the "I Accept" button below. If you do not agree to all of the terms, do not click on the "I Accept" button below, in which case you will not be able to use the Site.

Service:The Site is owned by ICICI Bank Limited (India) and maintained by ISEC. ISEC has

enabled on the Site, trading in U.S. Equities and Options through the ClearingBroker (hereinafter referred to as the "Service"). ISEC has exclusive and sole d

iscretion to select the customers who would be entitled to access and use the Service. Upon authentication on the Site, you may be directed to the Website of the Clearing Broker (the "Clearing Broker Site") for certain purposes or information available on the Clearing Broker Site may be made available to you. The Clearing Broker owns the Clearing Broker Site. The terms and conditions if any of the

Clearing Broker Site that shall be in addition to these terms and conditions shall govern use of the Clearing Broker Site.

ISEC and the Clearing Broker shall have sole discretion to alter, modify, withdraw or suspend the Service (whether partly or wholly). The Service is provided on

an "As Is" basis. ISEC, ICICI Bank and their Affiliates disclaim any warranty of any kind, whether express or implied, as to any matter whatsoever relating tothe Service, including without limitation the warranties of merchantability, fitness for a particular purpose, and non infringement. Use of the Service shall be

at your sole risk. ISEC shall not be liable for non-availability or delay in the Service through the Site/Clearing Broker Site.

Information:The information on this Site is provided "as is" and ISEC gives no warranties in

respect thereof. Specifically, but without limitation, ISEC does not warrant that you will be able to use the Site/Clearing Broker Site and/or the Service, orthat it will continue to be made available in its current or any other form at the current domain name or at any other domain name; or that access to the Site and/or Clearing Broker Site and/or Service will be uninterrupted or error-free. ISEC does not warrant that the Site/ Clearing Broker Site or any software, inform

ation or material of whatsoever nature available on or downloaded from the Site/Clearing Broker Site or the server hosting the Site/ Clearing Broker Site, willbe free from viruses, defects or other harmful material, or will be compatible

with your equipment or fit for any purpose. It is your responsibility to use a suitable firewall and/or anti-virus software on any software or other information

or material that you may download from the Site/ Clearing Broker Site and to ensure the compatibility of such software or material with your equipment or computer systems.

ISEC does not undertake any liability for any irregularities, virus or damage toany computer that results from accessing, availing or downloading of any inform

ation or software from this Site/ Clearing Broker Site.

Whilst ISEC has taken all reasonable care to ensure the information contained inthis Site is accurate, neither ISEC nor any of its agents or licensors provide

any guarantee or make any representation as to the accurateness or completeness


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of any information, news or opinions contained on or provided in connection withthe Site. The Site may be susceptible to unauthorised additions, deletions or a

lterations by third parties to the Site. We cannot guarantee that any information displayed on the Site has not been changed or modified through malicious attacks or "hacking". ISEC is not responsible for any errors or omissions or for theresults obtained from the use of such information or for any technical problemsyou may experience with the Site. You are responsible for the security of any data that you transfer to or from the Site/ Clearing Broker Site. Neither ISEC nor

any of its agents or licensors shall be responsible for any loss or damage caused, directly or indirectly, by your use of the Site/ Clearing Broker Site or ofthe information contained on or provided to you pursuant to your use of the Site

(or through links to other web sites owned and operated by third parties or otherwise). ISEC disclaims all conditions, warranties or other terms whether expressed or implied by statute, custom or usage (including without limitation, warranties as to satisfactory quality, fitness for purpose or skill and care) relating

to the Site and the information contained in or omitted from the Site.

This Site may display certain real-time and/or delayed quotes, news or other financial market information (collectively, "Market Information") that has been ind

ependently obtained from third parties, financial publishers, various financialmarkets including stock exchanges and their affiliates and other providers (collectively, "Market Information Providers"). ISEC does not guarantee or certify the accuracy, completeness, timeliness or correct sequencing of the Market Information made available on or through the Site. You agree that neither ISEC nor theMarket Information Providers shall be liable in any way for the accuracy, completeness, timeliness or correct sequencing of any Market Information, or for any decision made or action taken by you based upon any Market Information.

Neither ISEC nor any of its agents or licensors shall be liable for any direct,indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of the Site/ Clearing Broker Site or the information contained on the Site/ Clearing Broker Site; your inability to use the Site/ Clearing Broker Site at

any time and any error in the provision of the Site/ Clearing Broker Site; unauthorised access to or alteration of the Site/ Clearing Broker Site or any information or data transmitted in relation to the Site/ Clearing Broker Site; any computer virus transmitted through the Site/ Clearing Broker Site; third party services outside ISEC's reasonable control (including, but not limited to, telephone

and browser services and your use of email communications to contact or instruct ISEC/Clearing Broker, and any delay in ISEC's/clearing Broker's receipt or confirmation of such a communication, any interception of or changes to such a communication and any reasonable delay in acting on such a communication), whether such services are used by you to access the Site/ Clearing Broker Site or otherwise; your use of and/or reliance on other web sites to which you have gained access by means of hyperlinks published on the Site/ Clearing Broker Site; any inaccurate information, material or opinions published on the Site/ Clearing Broker Site (or accessed via the Site/ Clearing Broker Site) or your reliance thereon. For the avoidance of doubt this provision shall apply whether or not the relevant

loss or damage arises by reason of ISEC's negligence.

Updation on the Site:The information available on the Site is subject to change without notice. ISECexpressly disclaims any obligation to keep the information available on or through the Site up to date, free of errors or viruses or to maintain uninterrupted access. ISEC may stop producing or updating any part of the Site without notice.

Some of the screens on the Site may not automatically refresh themselves. Information may change at any time while you are viewing a screen, but your screen view may not be updated to reflect a change in information. You are responsible for


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ensuring that you are viewing the most current data on any and all screens. ISEC shall not be responsible for the display on your access device screen of the information contained in the Site. At all time, you should be aware of the possibility of, and be responsible for, incomplete screen views or printouts. You areresponsible for scrolling your viewing screens up, down and sideways to ensure that you are viewing or printing all portions of pertinent pages. The default viewing preferences of your browser or your access device may not show entire pages. ISEC assumes no responsibility to provide any training regarding the use of the Site.

Each time you wish to end a session on the Site, you should use the "Logout" command, close all open browser windows/tabs and close your web browser.

System functionality and softwareISEC or its Affiliates shall not be liable for any damages or loss arising out of or in connection with the use of the Site/ Clearing Broker Site or its non-use

or non-availability or computer failure or malfunction, error, omission, interruption, transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether

resulting, in whole or in part, from or relating to the Service offered.ISEC gives no guarantees or representation as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Site/ Clearing Broker Site. ISEC shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes

or updates to such sites. The links being provided to the customer are only forconvenience, and the inclusion of any link does not imply endorsement by ISEC o

f the site, or its content or the sponsoring organization. No judgment or warranty or representation is made with respect to the accuracy, timeliness, or suitability of the content of other services or sites to which these screens link, and

ISEC shall not be responsible therefor.

ISEC shall not be liable if you download any information or software from the Site/ Clearing Broker Site or if you make a copy, modify, upload, download, transmit, publish or remove or obscure any intellectual property, including trademarks, copyright or other notices or legends contained in any such information or otherwise distribute content from the Site/ Clearing Broker Site.

You may need to load certain third party software onto your access device in order to utilise certain functionality within the Site. In certain instances, for convenience, ISEC may provide links to the websites where such software may be available. ISEC cannot assure the performance, settings, features, compatibility,lack of conflict, functionality or continued availability of any such software.If you wish to download any such software, please follow the directions on the third party website where such software is available. ISEC shall not be liable for any damages arising out of your downloading or using any such software.

Account dataAll account data shown is provided as a convenience and for your information, but is not the official notice or record of your account activity with the Clearing Broker. Your Clearing Broker account notices and account statements remain the

official form of notice or record. ISEC does not guarantee delivery of noticesor statements through the Site/ Clearing Broker Site, or the completeness of the

information provide therein. Therefore, any and all account data provided through the Site/ Clearing Broker Site is subject to adjustment and correction, and should not be relied upon for taking any action without prior confirmation of its

accuracy with your ISEC representative. ISEC shall not be responsible or liablefor any damage that could result from your taking any action without confirmingthe accuracy of the account data provided via the Site/ Clearing Broker Site.


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User conductWhen accessing and using any information provided on this Site/ Clearing BrokerSite, you may not (to the extent you may now or in the future be entitled to doso) upload, post or submit to or transmit or otherwise publish through the Site/

Clearing Broker Site any content or information which (a) is unlawful, threatening, abusive, libellous, defamatory, obscene, pornographic or otherwise objectionable information of any kind, or which may be reasonable considered to be so. This includes without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offence, give rise to civil liability orotherwise violate any national or international law; (b) restricts or inhibits any other user from using the Site/ Clearing Broker Site; (c) infringes the rights (including, without limitation, intellectual property rights such as copyright, trade marks and patents) of third parties; (d) contains a virus or other harmful component; (e) contains advertising of any kind; or (f) constitutes or contains false or misleading indications of origin or statements of fact.

Copyright informationUnless stated otherwise, all intellectual property or other proprietary rights i

n this Site are either owned by ISEC or made available to ISEC under licence. These include, without any limitation, copyright and any other intellectual property rights in the graphic images, buttons, layout and text contained in the Site.

No visitor may use such trademarks or other devices without the prior written consent of ISEC. Other product and company names reproduced on the Site may be the trademarks (registered or otherwise) of the respective owners, and all rightsin the material on any other websites which you may be able to link to from theSite are owned by third parties.

You as a visitor to the Site may view the Site and print hard copies of materialon it for your personal use. The contents of the Site are not available for com

mercial use. All other copying or distribution of any part of the Site whether in electronic, hard copy or other format is prohibited and all other rights are reserved.

You may not sell, publish, reproduce, distribute, re-transmit, sub-licence, assign or otherwise use any portion of the Site without the prior written consent of

ISEC

IndemnityYou shall indemnify ISEC for any loss, liability or cost ISEC suffers as a result of your use of the Site or any breach of these terms and conditions, or any warranties given by you.

You agree that the maximum liability of ISEC and its Affiliates shall be subjectto the amount of fees paid by you for the Service through the Site in respect o

f the product/service to which the claim relates.

You, ISEC or its Affiliates shall not be liable to you or any other person for any direct, indirect, exemplary, punitive or consequential damages or for loss of

data, income or profit, loss of goodwill, etc.

Privacy policy and data protectionISEC is aware that you may wish to be informed about how any personal data and financial information that you may send via the internet to the Site is treated.This privacy policy explains all of ISEC's reasonable precautions to keep your data safe.

When you visit the Site, ISEC may collect information about you which may not personally identify you but which may be helpful for improving the operation of the Site. Such information may be collected through "traffic data" and may entail


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the use of "cookies", "IP addresses" or other numeric codes used to identify your computer.

We may also collect personal data from you through the Site when you contact usfor further information. Such information may be retained by us for general research purposes. We may, from time to time, send you further information relatingto ISEC's products or services that we feel may be of interest to you. In addition, we may transfer your data to affiliates or selected third parties where this

is necessary in order to provide you with the information which you have expressed an interest in to your usual contact at ISEC or through this Site. You may notify us at any time if you wish to cease receiving this further information bycontacting your usual contact at ISEC or by sending an email requesting this [email protected].

As a means of processing your personal data for the purposes set out above, ISECmay, if deemed appropriate, send the information which you provide to ISEC to a

ny of ISEC's affiliates located anywhere in the world where ISEC does business.Your data may be forwarded to a country other than your country of residence. In

such circumstances ISEC will endeavour to ensure that there are adequate levels

of protection for your data, taking into account applicable legal and regulatory restrictions, including those relating to banking secrecy and data protection.However, such countries may have a lower level of data protection than exists i

n your country of residence.

ISEC implements various security measures in relation to its processing and transfer of personal data, and within ISEC, your data will be stored and transmitted

in a protected environment. ISEC undertakes to take all reasonable steps in order not to allow your personal data to be seen by third parties, other than those

which have been engaged by ISEC to provide services to you and, for certain services. However, the nature of the internet is such that the data may in some circumstances flow over networks without full security measures and could be accessible to unauthorised persons. ISEC accepts no responsibility or liability for the security of your data whilst in transit via the internet to the Site.

By clicking on the "I Accept" button you confirm that you consent to the uses ofinformation relating to you set out above and you authorise ISEC to make availa

ble, transfer and disclose such information to third parties in the manner described above.

No offerNothing contained in this Site shall constitute an offer by ISEC, or a solicitation of any offer by any customer, or a recommendation to buy or sell any investments or to effect any transaction or conclude any other legal act whatsoever. Nothing in this Site is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. The use of any information set out in this Site is entirely at your own risk. The investments/products discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Any investment decision should be made following the receipt of appropriate financial, tax, accounting, legal and other professional advice, and not on the basis of anything contained on this Site. The information and opinions contained on this Site are provided without any express or implied warranty.

The display, description or references to any products, services, publications or links on the Site shall not constitute an endorsement by ISEC of such products, services, publications or links. The data and information provided on the Site

is not to be construed as an advice, professional or otherwise, and should notbe relied upon as such.

Confidentiality


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The information contained in this Site is published for personal use and informational purposes only on a confidential basis, and does not carry any right of publication or disclosure to any third party. You as a visitor to the Site may view the Site and print hard copies of material on it for your personal use. The contents of the Site are not available for commercial use. All other copying or distribution of any part of the Site whether in electronic, hard copy or other format is prohibited and all other rights are reserved. In using this Site you undertake not to reproduce or distribute any information contained herein in whole or in part, nor to disclose any of its contents (except to its professional advisers) without the prior written consent of ISEC, who you agree has the benefit of

this undertaking. You and your professional advisers will keep permanently confidential information contained herein and not already in the public domain.

Reliance The information published on this Site is subject to updation, completion, revision, verification and amendment without notice and such information may

change materially. ISEC will take reasonable steps to ensure the reliability ofthe information provided on this Site; however, ISEC makes no representation th

at any information or opinions expressed on this Site are accurate, complete orup to date and bears no responsibility for the rectification of errors, which ma

y occur from time to time. ISEC does not take any responsibility for any information on this Site provided by third parties. ISEC shall not be obliged to removeoutdated information from this website, or expressly mark it as being outdated.No reliance may be placed for any purpose whatsoever on the information contain

ed in this presentation or on its completeness.

The terms of any product referenced on this Site are governed by the applicabledocuments establishing such terms. In the event of any inconsistency between the

information on this Site regarding a particular product and the terms specifiedin the documents establishing the terms of issue or contract, the terms so spec

ified shall prevail.

Legal restrictionsThe offering, sale and distribution of the products shown on this Site will be restricted by law in certain jurisdictions. The content of this Site is not directed at any person in any jurisdiction where publication or availability of thisSite is prohibited. Persons in respect of whom such prohibitions apply must notaccess this Site.

Past performance and projectionsAny projections appearing on this Site have been prepared by ISEC (or its service providers) based upon projections, which have been determined in good faith by

ISEC. There can be no assurance that such projections will prove to be accurate. ISEC does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this Site. The information in this Site reflects prevailing conditions and our views as of this date, all of which are subject to change. Inpreparing the information available on this Site we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Please do not consider past performance as a guide to future performance.

Password useYou shall be solely authorised to use the Password, and shall be responsible atall times for exercising security controls over the Password. You agree to refrain from distributing the Password in any manner. ISEC shall not be liable for any damages arising from any unauthorised use or sharing of your Password. If your

Password is stolen, or if your security becomes otherwise compromised, please contact ISEC immediately.


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Changes to terms and conditionsISEC reserves the right to make any changes to these terms and conditions at any

time. Should ISEC wish to do so, it will endeavour to notify you of these proposed changes, and you will be asked to accept these changes. If you do not wish to accept any such proposed changes, ISEC reserves the right to deny you access to the Site. ISEC invites you to consult these terms and conditions from time totime, to familiarise yourself with the changes and updated terms and conditions.

MiscellaneousISEC may terminate this agreement at any time with or without notice to you, inwhich case you will no longer be able to access the Site.

If a competent authority finds that any or part of these terms and conditions are invalid, unlawful or unenforceable to any extent, ISEC shall delete or replace

the relevant terms and remaining terms and conditions shall continue to be valid and enforceable to the fullest extent permitted by Indian Law.

No act, omission or delay by ISEC shall be a waiver of its rights or remedies un

der these terms and conditions or at law unless otherwise agreed in writing by ISEC.

ISEC may assign, subcontract or transfer all or any of its rights and obligations under these terms and conditions (including to ISEC's successors or assigns, any of ISEC's Affiliates or their successors or assigns located anywhere in the world) without requiring further consent from you, and upon such assignment, sub-contracting or transfer, ISEC may be relieved of any further obligation to you under them. To the extent required and at ISEC's reasonable request, you agree to

do anything reasonably necessary or beneficial to give effect to such assignment, sub-contracting or transfer.

A person who is not a party to these terms and conditions (other than an affiliate or nominee of ISEC) shall have no right to enforce them.

These terms and conditions and your relationship with ISEC is governed in accordance with the laws of India, without regard to the laws regarding conflicts of law. The Competent Courts of Mumbai shall have exclusive jurisdiction over any dispute arising out of your use of the Site or arising from or connected with this

agreement and you hereby submit to the jurisdiction of such Competent Courts.

If you have read, and understand and accept the terms and conditions of the agreement, please click on the "I Accept" button below.

NASDAQ Subscriber AgreementDISCLOSURE: PLEASE READ

Subscribers must sign a contract entitled The Nasdaq Stock Market, Inc. ("Nasdaq") Subscriber Agreement ("Agreement") in order to receive Information [see definition in Paragraph [1] of the Agreement] from Nasdaq. While all terms are important, please particularly note the following. For more information regarding each

term, the paragraph number at the end of each term refers to the paragraph in the Agreement where more information can be located.

RESTRICTIONS ON USES & TRANSFER: Subscribers may not provide access to Information or transfer the Agreement to others. The Information is only for personal non-professional use or, if you are a Professional Subscriber (see definition in Paragraph [1] of the Agreement) for internal business use and/or personal use. [Pa


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ragraph 3]

MOST TYPES OF DAMAGES ARE EXCLUDED AND REMAINING DAMAGES ARE LIMITED: Nasdaq isnot liable for trading losses, lost profits or incidental, consequential or other indirect damages, even if the Information is untimely or incorrect. Other damages (if any), are strictly limited (in contract, tort, or otherwise) to a capped

amount. [Paragraphs 9 and 10]

NO IMPLIED OR STATUTORY WARRANTIES OR DUTIES: All warranties and duties (if any)are eliminated. There are no express warranties except for a Limited Warranty r

egarding efforts only. STOCK QUOTES MIGHT NOT BE CURRENT OR ACCURATE. [Paragraph9]

SUBSCRIBERS PROVIDE AN INDEMNITY: Subscriber indemnifies and holds harmless Nasdaq for any Claims or Losses (see definition in Paragraph [1] of the Agreement) resulting from Subscriber's breach of the Agreement, for Subscriber's infringement of a third party's intellectual property rights, or from any third party suitrelated to Subscriber's use or receipt of the Information. [Paragraph 13 and 14]

MARYLAND LAWS AND COURTS APPLY: Everything relating to the Agreement is governedby the laws of the United States and the State of Maryland and any disputes canonly be heard in Maryland. [Paragraph 23]

NO ORAL AMENDMENTS & ONLY NASDAQ MAY AMEND: The Agreement may not be altered orally and may be altered by Nasdaq pursuant to an Agreement procedure which includes notice either to Subscriber or to Vendor. Failure to terminate the Agreementbefore, or use of Information after, an amendment will be Subscriber's consent (or confirmation of an earlier consent) to the amendment. [Paragraph 17 and 21]

VENDORS CAN IMPACT SUBSCRIBER'S RIGHTS BUT NOT NASDAQ'S RIGHTS: Vendor does nothave authority to change the Agreement. Vendors are obligated to provide noticeof Nasdaq changes to Subscriber, but if they do not, Nasdaq's notice to Vendor is still effective, as to Subscriber including notice of cancellation. [Above Paragraph 1 and Paragraph 17]

The Agreement appears below. If you are at least 18 years old, sign it as eithera Professional or a Non-Professional Subscriber by signing your name or other s

ymbol of your signature on the 'Signature' line in the appropriate signature part(s) below.

SIGNATURE SECTION: This section incorporates all terms of The Nasdaq SubscriberAgreement by this reference.

Do you qualify as a non-professional user as defined in paragraph [1] of the agreement?YesNo

A. Mandatory for all Subscribers:Enter name of Subscriber:Enter name or other symbol of your signature:Enter Date:

B. Agent use only (Complete only if signed on behalf of the subscriber):Enter name of person signing for subscriber:CEO COO Managing Director President Senior Vice President Vice President AgentEnter Title only if you have the same contracting authority as the listed titles

but your title is different:


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If you signed the Agreement, make a copy for your records (electronically or otherwise). If you did not intend to sign, or signed electronically in error, click

on "Cancel". To confirm your signature and the accuracy of the information above click on "Signature Confirmed" which will submit the Agreement and legally bind Subscriber to the Agreement.

AGREEMENT FOR

MARKET DATA DISPLAY SERVICES

(Usage-Based Services/Nonprofessional Subscriber Status)

(Electronic Version)

Penson WorldWide, Inc. ("Vendor") agrees to make "Market Data" available to youpursuant to the terms and conditions set forth in this agreement. By manifesting

your assent in the space indicated below, you ("Subscriber") agree to comply with those terms and conditions. Section 1 sets forth terms and conditions of general applicability. Section 2 applies insofar as Subscriber receives and uses Market Data made available pursuant to this Agreement as a Nonprofessional Subscriber.

SECTION 1: TERMS AND CONDITIONS OF GENERAL APPLICABILITY

1. MARKET DATA DEFINITION - For all purposes of this Agreement, "Market Data" means (a) last sale information and quotation information relating to securities that are admitted to dealings on the New York Stock Exchange ("NYSE"), (b) such bond and other equity last sale and quotation information, and such index and other market information, as United States-registered national securities exchanges

and national securities associations (each, an "Authorizing SRO") may make available and as the NYSE may from time to time designate as "Market Data"; and (c)all information that derives from any such information.

2. PROPRIETARY NATURE OF DATA - Subscriber understands and acknowledges that each Authorizing SRO and Other Data Disseminator has a proprietary interest in theMarket Data that originates on or derives from it or its market(s).

3. ENFORCEMENT - Subscriber understands and acknowledges that (a) the Authorizing SROs are third- party beneficiaries under this Agreement and (b) the Authorizing SROs or their authorized representative(s) may enforce this Agreement, by legal proceedings or otherwise, against Subscriber or any person that obtains Market Data that is made available pursuant to this Agreement other than as this Agreement contemplates. Subscriber shall pay the reasonable attorney's fees that any

Authorizing SRO incurs in enforcing this Agreement against Subscriber.

4. DATA NOT GUARANTEED - Subscriber understands that no Authorizing SRO, no other entity whose information is made available over the Authorizing SROs' facilities (an "Other Data Disseminator") and no information processor that assists anyAuthorizing SRO or Other Data Disseminator in making Market Data available (collectively, the "Disseminating Parties") guarantees the timeliness, sequence, accuracy or completeness of Market Data or of other market information or messages disseminated by any Disseminating Party. Neither Subscriber nor any other personshall hold any Disseminating Party liable in any way for (a) any inaccuracy, error or delay in, or omission of, (i) any such data, information or message or (ii) the transmission or delivery of any such data, information or message, or (b)any loss or damage arising from or occasioned by (i) any such inaccuracy, error,

delay or omission, (ii) non-performance or (iii) interruption in any such data,


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information or message, due either to any negligent act or omission by any Disseminating Party, to any "force majeure" (e.g., flood, extraordinary weather conditions, earthquake or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications or power failure, equipment

or software malfunction) or to any other cause beyond the reasonable control ofany Disseminating Party.

5. PERMITTED USE - Subscriber shall not furnish Market Data to any other personor entity and, subject to Paragraph 10, shall use Market Data only for its individual use in its business.

6. DISSEMINATION DISCONTINUANCE OR MODIFICATION - Subscriber understands and acknowledges that, at any time, the Authorizing SROs may discontinue disseminatingany category of Market Data, may change or eliminate any transmission method and

may change transmission speeds or other signal characteristics. The AuthorizingSROs shall not be liable for any resulting liability, loss or damages that may

arise therefrom.

7. DURATION; SURVIVAL - This Agreement remains in effect for so long as Subscrib

er has the ability to receive Market Data as contemplated by this Agreement. Inaddition, Vendor may terminate this Agreement at any time, whether at the direction of the Authorizing SROs or otherwise. Paragraphs 2, 3 and 4, and the first two sentences of Paragraph 8, survive any termination of this Agreement.

8. MISCELLANEOUS - The laws of the State of New York shall govern this Agreementand it shall be interpreted in accordance with those laws. This Agreement is su

bject to the Securities Exchange Act of 1934, the rules promulgated under that act, and the joint-industry plans entered into pursuant to that act. This writing

contains the entire agreement between the parties in respect of its subject matter. Subscriber may not assign all or any part of this Agreement to any other person. The person manifesting assent to this agreement below represents and warrants that it has legal capacity to contract and, if that person is manifesting assent on behalf of a proprietorship or a business, partnership or other organization, represents and warrants that he or she has actual authority to bind the organization.

ACCEPTED AND AGREED: I, the "Subscriber" to which the preceding terms and conditions refer, acknowledge that I have read the preceding terms and conditions of this Section 1, that I understand them and that I hereby manifest my assent to, and my agreement to comply with, those terms and conditions by "clicking" on thefollowing box:

SECTION 2: NONPROFESSIONAL SUBSCRIBER

9. NONPROFESSIONAL SUBSCRIBER DEFINITION -"Nonprofessional Subscriber" means any natural person whom Vendor has determined

to qualify as a "Nonprofessional Subscriber" and who is not:

(a) registered or qualified with the Securities and Exchange Commission (the "SEC"), the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association.

(b) engaged as an "investment advisor" as that term is defined in Section 201(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), nor

(c) employed by a bank or other organization exempt from registration under Fede


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ral and/or state securities laws to perform functions that would require him orher to be so registered or qualified if he or she were to perform such functions

for an organization not so exempt.

10. PERMITTED USE - If Subscriber is a Nonprofessional Subscriber, he or she shall receive Market Data solely for his or her personal, non- business use.

11. PERSONAL AND EMPLOYMENT DATA - As a prerequisite to qualifying as a "Nonprofessional Subscriber", Subscriber shall provide the following information:

Subscriber's name and address:Name:Address:

Subscriber's occupations (list all occupations - including homemaker, student, retiree, etc.):

Name(s) and address(es) of Subscriber's employer(s):

Name:Address:

Subscriber's title(s) and/or position(s):

Subscriber's employment functions (description):

Subscriber shall notify Vendor promptly in writing of any change in his or her circumstances that may cause him or her to cease to qualify as a NonprofessionalSubscriber.

12. CERTIFICATION - By clicking on the following box, Subscriber hereby certifies that he or she falls within Paragraph 9's definition of "Nonprofessional Subscriber" and that the personal and employment information that he or she has included in Paragraph 11 is truthful and accurate.

ACCEPTED AND AGREED: I, the "Subscriber" to which the preceding terms and conditions refer, acknowledge that I have read the preceding terms and conditions of this Section 2, that I understand them and that I hereby manifest my assent to, and my agreement to comply with, those terms and conditions by "clicking" on thefollowing box:

Typical Features and Risk involved while investing in US Markets

There are certain typical features of US markets which need to be considered before investing:

Exchange Risk: Due to the fact that the investments are made in dollars, they are subject to currency risk based on the movement of dollar price. So exchange loss may be incurred on the portfolio.


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Option Symbols:

There is no standard way for determining options root symbols, however there aresome general guidelines available for the same. For NYSE stocks, the options ro

ot and the stock root are usually the same. For example, IBM options begin withIBM, and T options begin with T. Options roots, however, can never have more than three letters. So options root symbols for NASDAQ stocks are different than the stock symbols. Microsoft, for example, has the symbol MSFT for the stock and MSQ for the root options symbol. And Intel has INTC for the stock and INQ for the

options.

The last two letters after the options root symbol indicate (1) the options typeand expiration month and (2) the strike price.

One complication is that when a stock's price range is greater than $100, then the option root symbol has to change for every $100. Otherwise, the 105, 205 and305 calls would have the same symbols, and that obviously cannot happen.

Another complication, is that the same strike-price options sometimes have diffe

rent root symbols. This typically occurs when there is 3-for-2 or other "non-even" stock splits. When these splits occur, there are "non-standard" options in addition to "standard" options. For standard options contracts, 100 shares typically underlie the contract, and non-standard options will have some other quantity. If a $60 stock splits 3-for-2, for example, then, after the split, there would

be standard $40 options covering 100 shares and non-standard options covering 150 shares. To distinguish between them they each have their own root symbol.

Different classes of shares: In US markets there are multiple classes of sharesfor same company which may be common stock (there might be different classes incommon stock also) as well as preferred stock . These are listed as different scrips and have different prices. Please choose carefully before investing in these.

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