DISCLAIMER

The LOSOCE Companies are subsidiaries of the Sedgefield Holding AG

Sedgefield Holding AG

Dammstrasse 19

CH - 6300 Zug

Switzerland

Legal Disclaimer & Privacy Statement

Legal Disclaimer

This website is managed by Sedgefield Holding AG (hereinafter referred to as "SHAG“. SHAG provides information and documentation on World Wide Web sites, such site(s) being known as the SHAG website (hereinafter referred to as the "Website"). If you make any use of this Website, you confirm that you agree to each of the terms and conditions set forth below. You shall not be authorized to use this Website if you do not agree with any of the terms and/or conditions set forth below.

No action should be taken or omitted to be taken in reliance upon information contained in this Website. The information contained and accessed on this site is provided by SHAG for general guidance and is intended to offer the user general information of interest.

Based on the fundamental universal condition of the electronic communication process, SHAG does not guarantee, warrant and/or offer any assurance that this Website (including its functions, contents, downloadable files, software etc.) will be uninterrupted, without delay, error-free, omission-free, or free of viruses, free of Trojan horses, similar destructive software and/or free of harmful codes which may impair the proper functioning of any software, hardware or other equipment and/or materials of the user. SHAG does not guarantee, warrant and/or offer any assurance that this Website is compatible with any user's computer equipment (hardware and/or software) or network through which access to this Website is gained. SHAG does further not guarantee, warrant and/or offer any assurance that the use of this Website will not lead to viruses, Trojan horses and/or similar destructive software accessing any user's computer equipment.

Access to this Website may be interrupted or unavailable at any time, in particular during maintenance or upgrade procedures. Therefore, the information is provided "as is" without warranties of any kind, express or implied, including accuracy, timeliness and completeness. In no event shall SHAG or partners, executives, principals, agents or employees of its member firms be liable for any direct, indirect, incidental, special, exemplary, punitive, consequential or other losses and/or damages of any kind (including, but not limited to, liability for loss of use, data, profits, other intangibles, the costs of procurement of substitute goods and/or services), without regard to the form of any action, including but not limited to contract, negligence or other tortuous actions, arising out of or in connection with this Website, any content on or accessed by use of this Website, or any copying, display or other use hereof even if SHAG has been notified of the possibility of such loss and/or damage. All statements, information, downloadable data and files etc. on this Website are made available without liability or guarantee for their correctness, completeness, accuracy, durability, assurance of features, reliability, workability, merchantability, quality, fitness for a particular purpose, achievement of results, non-infringement of proprietary rights, absence of any deficiencies or something similar.

SHAG shall not be liable for any damage which a user may suffer as a result of any errors in content or arising from any virus or other destructive software. Users are responsible for ensuring that their computer equipment has appropriate security and virus protection features.

All intellectual property rights (in particular copyrights, trademark rights, design rights and patent rights) to the contents of this Website shall be reserved. As content on the site is protected by intellectual property laws (such as for instance copyright, trademark, patent laws) as well as by unfair competition laws, any unauthorised use of any materials on the site may violate copyright, trademark, patent and other laws. Pictures, texts, graphics, computer software etc. which are contained, featured and/or downloadable on this Website may not be copied, downloaded or used in any other way unless indicated otherwise on this Website. Should a user download and/or print the materials on this Website for personal or non-commercial use, the user must retain all copyright and other proprietary notices contained in the original materials on any copies of the material and the source must be indicated completely. The complete and/or partial reproduction, transmission (electronically and/or otherwise), modification, public display, performance, distribution, linking, framing or other use of this Website for any public and/or commercial purposes shall not be allowed without the prior written consent of SHAG and the complete indication of the source. SHAG does not grant the users of this Website any rights (in particular no intellectual property rights), except for the rights that are necessary to use this Website for purposes permitted under these conditions.

Some links on this Website refer to other websites which have been set up and are operated by third parties. Such links are provided only as a convenience to users. SHAG does not control and is not responsible for any of these sites or their content. SHAG explicitly disclaims any endorsement or recommendation of and guarantee or liability for such websites of third parties.

This Website is not intended for persons who are subject to a jurisdiction that prohibits the publication of and/or access to this Website (be it because of the nationality, their age, the domicile or for any other reason). If you are affected by such restrictions, you may not access this Website.

Privacy Statement

Sedgefield Holding AG, a joint-stock company incorporated under Swiss law with Swiss company registration number CH-300.3.016.945-9 whose registered office is at Dammstrasse 19 in 6300 Zug, Switzerland, (hereinafter referred to as "SHAG") is in charge of the data supplied to this Website and the processing of such data. This website is managed by SHAG. The goal of this target group is to develop additional sustained and diversified business opportunities on the basis of these relationships.

For the purposes of this Privacy Statement, member firms, correspondent firms, associated firms of SHAG and other companies assisting SHAG in running and maintaining this website are together described as Partners.

SHAG provides information and documentation on World Wide Web sites, such site(s) being known as the SHAG website (hereinafter referred to as the "Website"). This page contains the information gathering and use policies adopted by SHAG in connection with the Website. These policies are subject to periodic review and any changes will be included within this section of the Website.

SHAG is not responsible for the privacy policies of third party sites to which links are provided (including sites of Partners of SHAG). The privacy policies on these sites should be checked before providing any personal information to these sites.

SHAG is committed to the protection of personal information supplied by clients and prospective clients and other users of this Website.

Collection of information

SHAG will only collect and use personal data voluntarily and openly provided to this Website. Authorised users are able to browse the Website without disclosing any personal information. An authorised user of this Website may choose to provide SHAG with limited personal data as required in order to register for certain services; once registered the information will only be used for the specified purpose(s). If you provide any data by completing the appropriate spaces on this Website or by sending a message to SHAG by any means (particularly e-mail) you confirm that you agree that SHAG may save, analyze and/or use the date for any purposes, including, but not limited to sending information and brochures to you. You may revoke your consent to the further use of the transmitted data by SHAG at any time by sending an e-mail to SHAG.

SHAG reserves the right to save information regarding the domain name and/or IP-address of users of the SHAG Website or their providers' for administrative, statistical and/or other purposes. The IP address indicates the location of the authorised users' computer on the Internet. SHAG does not require registration for access to the Website.

It will normally be clear when personal information is being collected. The information required is the minimum necessary to enable SHAG to deal with the services requested, but additional information may be requested in order for SHAG to provide the most appropriate response. If such additional information is requested it is highlighted and its provision is voluntary.

We do not solicit sensitive personal data through the Website except where legally required to do so, e.g. for the purposes of retaining information for inclusion in the SHAG directories of Partners, their principals and their professional expertise. We would suggest information of this nature is not provided except where such data is for inclusion in SHAG directories of Participating Firms, their principals and their professional expertise.

At the present time, the standard technology known as "cookies" is not used on the SHAG Website. Cookies are small text files placed on the authorised user's hard drive that allow the Website to store tokens of information in connection with use of the Website by allocation of an identifier to an authorised user while the Website is in use. However, SHAG reserves the right to start using cookies at any moment without prior notice. Use of cookies would enable SHAG to analyse the operation of the Website, thus permitting continuous improvement of the service that it provides.

Use of information

Information is used only for the specific purpose for which it was provided except where there has been an explicit selection to receive other information from SHAG. Personal data provided through the Website will be made available to the provider of the information on request as any individual whose personal data is held on the Website is entitled under the Swiss Privacy Act to the information constituting his or her personal data. Personal information may be deleted from the Website at any time. Requests for copies or deletion of information may be made by e-mailing the SHAG at any time.

Provision of Information to Third Parties

SHAG will provide personal information to third parties in the following circumstances:

• where the transfer is necessary to fulfil the requirements of the operation for which the information was provided, and the third party is a Partner;

• in order to fulfil a request which involves other Partners;

• so as to assist SHAG's professional advisors regarding matters referred to them concerning the operation of the Website:

• where requested explicitly by an authorised user of the Website; or as required by a court order or any other legal or regulatory requirement.

SHAG does not collect or compile personal data or information obtained by the Website for dissemination or sale to outside parties not Partners for the purposes of marketing or mailing by or on behalf of third parties. SHAG does not undertake marketing activities for third parties.

Accuracy of information

SHAG assumes responsibility for keeping an accurate record of personal data once it has been submitted, but not for confirming the ongoing accuracy of the personal information. If SHAG is advised that the personal data is no longer accurate, it will be amended (where practical).

Retention of information

Information collected from authorised users of the Website will be kept in order to provide the required services as well as for statistical purposes. Once the service has been completed all information will be destroyed in accordance with SHAG's data retention policies. Where the information has been collected in connection with an expression of interest in working for SHAG or a Partner it is agreed that SHAG may use, hold and destroy personal data supplied in connection with the initial expression of interest in accordance with SHAG's standard recruitment procedures:

• details may be retained for up to the next twelve months for the purpose of notification of suitable vacancies that might arise;

• details may be used for the purpose of research and analysis designed to improve recruitment and human resources policies and practices.

Where the authorised user of the Website has provided additional information, personal details will be retained for a period of time reasonable in the context of the nature of the request.

If these conditions are not acceptable the site should not be further used.

Security of information

SHAG has implemented accepted standards of technical measures and security policies that are aimed at protecting the personal data it has under its control from:

• unauthorised access;

• improper use or disclosure;

• unauthorised modification;

• unlawful destruction or accidental loss.

All SHAG personnel are required to keep personal information confidential and only authorised persons have access to such information.

Please note that the Website contains links to other sites (including sites maintained by Partners) which are not governed by this privacy statement.

Additional general conditions governing the Legal Disclaimer and the Privacy Statement

The rejection of any liability and/or responsibility regarding the Website and its content and other terms and/or conditions contained in this legal information are also applicable to all companies associated or affiliated with SHAG, particularly SHAG member firms (Partners).

SHAG reserves the right to change all and/or any of the regulations mentioned above at any time without any prior announcement. Unless explicitly indicated otherwise, the new regulations shall immediately apply to all information, indications etc. featured on the SHAG Website. By continuing to use the SHAG Website, you accept all changes of such regulations.

The invalidity or unenforceability in any jurisdiction of any of these terms shall not affect the validity or enforceability of any other of these terms. If any term is held to be invalid or unenforceable it shall be deemed to be amended to the minimum extent required to render such term valid or enforceable, such amendment to be determined by SHAG.

The Legal Disclaimer and the Privacy Statement indicated above shall be governed by and are construed in accordance with Swiss substantive laws (excluding the rules of the conflict of laws) and the courts of Zug, Switzerland shall have exclusive jurisdiction in any possible dispute.