Risk disclosure

RISK DISCLOSURE


As of the date here of, the date of each Contract and other transaction in Customer's Account and any date on which TradeDAX's Risk Disclosure Statement or Trading Policies and Procedures are revised, updated or amended, Customer represents and warrants to TradeDAX and agrees for the benefit of TradeDAX that: If Customer is a natural person, Customer is of sound mind, legal age (18 years old) and legal competence. If Customer is not a natural person,

1. (I) Customer is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;

2. (II) execution and delivery of this Agreement and all Contracts and other transactions contemplated here under and performance of all obligations contemplated under this Agreement and all Contracts and other transactions contemplated here under have been duly authorized by Customer; and

3. (III) each person executing and delivering this Agreement and all Contracts and other transactions contemplated here under on behalf of Customer performing the obligations contemplated under this Agreement and any Contract and other transaction contemplated here under on behalf of Customer, has been duly authorized by Customer to do so.

Execution and delivery by Customer of this Agreement and all Contracts and other transactions contemplated here under, and performance of all of Customer's obligations contemplated under this Agreement and any Contract and other transaction contemplated here under, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Customer. Customer has read and understands the provisions contained in this Agreement, including, without limitation, TradeDAX's Risk Disclosure Statement and Trading Policies and Procedures, Customer will review the Agreement each time it is amended. Customer will not affect any Opening Transaction in Customer's Account unless Customer understands TradeDAX's revised Agreement, and Customer agrees that in effecting any Opening Transaction it is deemed to represent that it has read and understands TradeDAX's revised Agreement as in effect at the time of such Opening Transaction. All information provided by Customer to TradeDAX, including information regarding Customer's trading experience and investment sophistication, is true, correct and complete, and Customer will notify TradeDAX promptly of any changes in such information. The customer acknowledges that he received no such guarantees from TradeDAXor from any of its representative or any introducing agent or other entity with whom the customer is conducting his TradeDAX account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representation.