IMPORTANT

NOTICE

Trading in commodity futures includes using leverage, whichmeans you can trade a very large sized contract with arelatively small amount of initial capital. Commodity futures
trading does not guarantee the principal of your depositedmoney in your margin trading account. Additionally, there is
no guarantee of making a profit. Price fluctuations in themarket provide you the potential for large profits as well aslarge losses. If the market moves against your open position
and the mark to market unrealized loss becomes larger, youmust decide whether to close the position with a loss orcontinue to keep the position open after depositing additional
margin funds. Even if you deposit additional margin funds,
there is the possibility you could incur further losses if themarket moves further against your position. In some cases,
the loss could exceed the initially deposited margin amountand the additional deposited margin funds.

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Risks of Commodity Futures Trading
Commodity futures trading are based on a derivative contract with a settlement date in
the future. The contract is usually settled by cash based on the difference between thebuying and selling prices. You can open a position by either buying a contract (i.e. when
you think the price will increase) or selling a contract (i.e. when you think the price willdecrease). In the case of buying a contract, you will make a profit if the market priceincreases but will incur a loss if the price decreases. In the case of selling a contract, youwill make a profit if the market price decreases but will incur a loss if the price increases.
Additionally, you can close any open position and settle the contract anytime thecommodity exchange is open by offsetting your position.

Commodity futures trading is leveraged trading that allows you to control a large position
in a futures contract with a low amount of initial margin. (The required margin amountranges from 3-20% of the full contract amount). Therefore, even though the pricefluctuation might be small, the actual movement in required margin is very large due tothe use of leverage.

As each commodity futures contract has a set expiration date, you need to determine theexpiration month for the futures contract that you wish to trade. You must close out theposition before the contract expires.

If the market moves against your position, depending on the amount of the unrealized
loss, you may be requested to deposit additional margin funds to keep the position open
and the loss may exceed the initially deposited margin amount, and it is possible toexceed the amount of the additionally deposited margin amount as well.

This document is translated for reference purposes for clients’ fullunderstanding of the risk of trading in commodity futures. However, thegoverning language of the conclusion of brokerage contract shall be Japanese.
If a translation hereof is made for reference purposes, only the Japaneseoriginal shall have the effect of a contract and said translation shall have noeffect.
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Notes of caution before trading
When starting Commodity futures trading, please read the following warnings well.
＊ Trading is carried out based upon the customer's intent and judgment. The results oftransactions belong to the customer, who must take responsibility for them. Sales
representatives may provide the customer with information or advice or consultations
regarding markets, price movements or buy and sell recommendations, but please
make final decisions on transactions under your own responsibility and judgment.
＊ It is prohibited by law for trading firms to accept transaction orders without receiving
indications regarding the matters (name of exchange, name of commodity, delivery
month, buying or selling, new or on dealer's basis, number of contracts, type of order,
conditions of execution), which must be indicated by the customer at the time ofplacing a trade order.
＊ Once a trade is placed and filled, the customer cannot cancel the order.
＊ There are cases where a transaction cannot be executed after receiving an order due
to commodity market conditions.
＊ Considering the customer's knowledge and experience in derivatives trading, etc.,
and the state of their assets, Sunward trading inc. may limit transactions based on its
judgment in order to avoid excessive transactions.
＊ “Amount of investible funds”（投資可能資金額） is the amount of funds in thepermissible range of loss (including commission) that does not interfere with thecustomers living.
The customer must read and fully understand the purpose carefully before instituting
the amount, which must be given consideration of your assets and income.

This document is translated for reference purposes for clients’ fullunderstanding of the risk of trading in commodity futures. However, thegoverning language of the conclusion of brokerage contract shall be Japanese.
If a translation hereof is made for reference purposes, only the Japaneseoriginal shall have the effect of a contract and said translation shall have noeffect.

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