DISCLAIMERS
AMM
Euromoney Global Limited, doing business as Fastmarkets MB, Metal Bulletin, Fastmarkets AMM and AMM(collectively “Fastmarkets”), licenses Chicago Mercantile Exchange Inc. and its affiliates to use various
Fastmarkets price assessments (each an “Index” and collectively, the “Indexes”) in connection with the tradingor posting of certain contracts based upon such price assessments.
CME GROUP INC. AND ITS AFFILIATES (COLLECTIVELY, “CME”) AND FASTMARKETS DO NOTGUARANTEE THE ACCURACY AND/ OR COMPLETENESS OF THE INDEX OR ANY OF THE DATAINCLUDED THEREIN AND NEITHER CME NOR FASTMARKETS SHALL HAVE ANY LIABILITY FOR ANYERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. NEITHER CME NOR FASTMARKETS MAKE ANYWARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON ORENTITY FROM USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDEDTHEREIN IN CONNECTION WITH THE TRADING OF THE CONTRACTS, OR, FOR ANY OTHER USE.
NEITHER CME NOR FASTMARKETS MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AND EACHHEREBY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULARPURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUTLIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL CME OR FASTMARKETS HAVE ANYLIABILITY FOR ANY LOST PROFITS OR DIRECT, INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL
DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCHDAMAGES.

ARGUS MEDIAARGUS, ARGUS MEDIA and the ARGUS logo are trademarks and are used under license from Argus MediaLimited. All copyrights and database rights in any ARGUS index belong to or are exclusively licensed by theArgus Media group. The products made available by Chicago Mercantile Exchange Inc. and New York
Mercantile Exchange, Inc., (together “CME”) which reference Argus’ indexes (the “Products”) are notsponsored, endorsed, sold or promoted by Argus. Argus makes no representation or warranty, express orimplied, to the owners of the Product(s) or any member of the public regarding the advisability of trading inthe Product(s). Argus’ only relationship to CME is the licensing of certain trademarks and trade names ofArgus and of indexes which are determined, composed and calculated by Argus without regard to CME or theProduct(s). Argus has no obligation to take the needs of CME or the owners of the Product(s) into
consideration in determining, composing or calculating its indexes. Argus is not responsible for and has notparticipated in the determination of the timing of, prices at, or quantities of the Product(s) to be listed or in thedetermination or calculation of the equation by which the Product(s) are to be converted into cash. Argus hasno obligation or liability in connection with the administration, marketing or trading of the Product(s).
ARGUS DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ITS INDEXES ORANY DATA RELATED THERETO AND HAS NO LIABILITY FOR ANY ERRORS, OMISSIONS, ORINTERRUPTIONS THEREIN. ARGUS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTSTO BE OBTAINED BY CME, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITYFROM THE USE OF THE PRODUCTS, ARGUS’ INDEXES OR ANY DATA RELATED THERETO. ARGUS
MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES,OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THEPRODUCTS, ITS INDEXES OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THEFOREGOING, IN NO EVENT SHALL ARGUS HAVE ANY LIABILITY FOR ANY DAMAGES WHATSOEVER,WHETHER DIRECT OR INDIRECT, INCLUDING WITHOUT LIMITATION, LOST PROFITS OR INDIRECT,PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIEDOF THE POSSIBILITY OF SUCH DAMAGES.

THE BALTIC EXCHANGE LIMITED AND BALTIC EXCHANGE INFORMATION SERVICES LIMITED(herein “THE BALTIC EXCHANGE”)
NEITHER NYMEX, ITS AFFILIATES, NOR THE BALTIC EXCHANGE GUARANTEES THE ACCURACYAND/OR COMPLETENESS OF THE INDEX OR ANY OF THE DATA INCLUDED THEREIN.
NYMEX, ITS AFFILIATES AND THE BALTIC EXCHANGE MAKE NO WARRANTIES, EXPRESS ORIMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THEINDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITHTHE TRADING OF THE CONTRACTS, OR, FOR ANY OTHER USE. NYMEX, ITS AFFILIATES AND THE

BALTIC EXCHANGE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALLWARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITHRESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THEFOREGOING, IN NO EVENT SHALL NYMEX, ITS AFFILIATES OR THE BALTIC EXCHANGE HAVE ANYLIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIALDAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGE.
The Baltic Exchange licenses the New York Mercantile Exchange, Inc. ("NYMEX") to use various Baltic
Exchange price assessments in connection with the trading or posting of the contracts. Baltic Exchange does
not sponsor, endorse, sell or promote the contract and makes no recommendations concerning the advisabilityof investing in the contract.

EPEX SPOT SEEPEX SPOT SE has the exclusive control and is the sole owner of any intellectual property right on any data(in particular market data such as prices and indices) calculated as part of its operations of the spot markets.
CME has been granted by EPEX SPOT SE with strictly defined nontransferable and non-sublicensable
Licensing rights. One may not download, reproduce, license, cease or use it for commercial purposes without
the explicit prior approval of EPEX SPOT SE. EPEX SPOT SE does not give any warranty, and excludes
any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation toany errors, omissions or interruptions in the indices nor any error or omission concerning data for which its
indexes are used as price reference.

ICIS
Reed Business Information Ltd (trading as ‘’ICIS”) licenses New York Mercantile Exchange, Inc. (“NYMEX” or“Exchange”), and its affiliates to use various ICIS price assessments in connection with the trading and/or
clearing of the product. Neither Exchange nor its affiliates nor ICIS guarantees the accuracy, timeliness orcompleteness of the index or any of the data included therein.
TO THE FULL EXTENT PERMITTED BY LAW, NYMEX AND ITS AFFILIATES AND ICIS MAKE NO
WARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON ORENTITY FROM USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDEDTHEREIN IN CONNECTION WITH THE TRADING OF THE CONTRACTS, OR, FOR ANY OTHER USE. TOTHE FULL EXTENT PERMITTED BY LAW, NYMEX AND ITS AFFILIATES AND ICIS MAKE NO
WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES OFMERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THEINDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL NYMEX OR ICIS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT,PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED
OF THE POSSIBILITY OF SUCH DAMAGES.

METAL BULLETIN
Euromoney Global Limited, doing business as Fastmarkets MB, Metal Bulletin, Fastmarkets AMM and AMM(collectively “Fastmarkets”), licenses Chicago Mercantile Exchange Inc. and its affiliates to use various
Fastmarkets price assessments (each an “Index” and collectively, the “Indexes”) in connection with the tradingor posting of certain contracts based upon such price assessments.
CME GROUP INC. AND ITS AFFILIATES (COLLECTIVELY, “CME”) AND FASTMARKETS DO NOTGUARANTEE THE ACCURACY AND/ OR COMPLETENESS OF THE INDEX OR ANY OF THE DATAINCLUDED THEREIN AND NEITHER CME NOR FASTMARKETS SHALL HAVE ANY LIABILITY FOR ANY
ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. NEITHER CME NOR FASTMARKETS MAKE ANY
WARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON ORENTITY FROM USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDEDTHEREIN IN CONNECTION WITH THE TRADING OF THE CONTRACTS, OR, FOR ANY OTHER USE.
NEITHER CME NOR FASTMARKETS MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AND EACHHEREBY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULARPURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUTLIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL CME OR FASTMARKETS HAVE ANYLIABILITY FOR ANY LOST PROFITS OR DIRECT, INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL
DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCHDAMAGES.

2OPISOPIS licenses the New York Mercantile Exchange, Inc. ("NYMEX") to use various OPIS price assessments inconnection with the trading of the contract.
NEITHER NYMEX AND ITS AFFILIATES NOR OPIS GUARANTEES THE ACCURACY AND/ORCOMPLETENESS OF THE ASSESSMENT OR ANY OF THE DATA INCLUDED THEREIN.
NYMEX AND ITS AFFILIATES AND OPIS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THERESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THE ASSESSMENT,TRADING BASED ON THE ASSESSMENT, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITHTHE TRADING OF THE CONTRACT, OR, FOR ANY OTHER USE. NYMEX AND ITS AFFILIATES ANDOPIS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES OFMERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THEASSESSMENT OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, INNO EVENT SHALL NYMEX AND ITS AFFILIATES OR OPIS HAVE ANY LIABILITY FOR ANY LOSTPROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOSTPROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

S&P GLOBAL PLATTSNEITHER NEW YORK MERCANTILE EXCHANGE, INC. (“NYMEX”), ITS AFFILIATES, NOR S&P GLOBALPLATTS GURANTEES THE ACCURACY AND/OR COMPLETENESS OF THE INDEX OR ANY OF THEDATA INCLUDED THEREIN.
NYMEX, ITS AFFILIATES AND S&P GLOBAL PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED,AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THE INDEX,TRADING BASED ON THE INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THETRADING OF THE CONTRACTS, OR, FOR ANY OTHER USE. NYMEX, ITS AFFILIATES AND S&P
GLOBAL PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALL
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITHRESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN, WITHOUT LIMITING ANY OF THEFOREGOING, IN NO EVENT SHALL NYMEX, ITS AFFILIATES OR S&P GLOBAL PLATTS HAVE ANYLIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL, OR CONSEQUENTIAL
DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCHDAMAGES.
“Platts” and “S&P Global Platts” are trademarks of S&P Global Inc. and have been licensed for use by NYMEX.
S&P Global Platts does not sponsor, endorse, sell or promote the contracts and S&P Global Platts makes norecommendations concerning the advisability of investing in the contracts.

SHANGHAI GOLD EXCHANGE
Shanghai Gold Exchange, SGE and Shanghai Gold applicable trademarks registered by Shanghai Gold
Exchange at the State Administration for Market Regulation of the People’s Republic of China (the previousState Administration for Industry & Commerce) and used herein under licensed from Shanghai Gold Exchange(“SGE”). All intellectual property rights and trademarks in Shanghai Gold Benchmark Price belong to SGE
and can be only used under license. SGE and its affiliates do not sponsor, initiate, endorse, sell futurescontracts, options on futures contracts, swaps, and other over-the-counter products developed on the basisof Shanghai Gold Benchmark Price (“Contract”) in any manner, and shall not be liable for the obligations andresponsibilities in connection with management, promotion or trading of Contract. SGE makes no warranties
or representations whether express or implied including as to the results to be obtained from using Shanghai
Gold Benchmark Price and shall have no obligation or liability relating to using Shanghai Gold Benchmark
Price to the fullest extent permitted at law.

UxC, LLC
UxC, LLC licenses the New York Mercantile Exchange, Inc. ("NYMEX") to use various UxC, LLC prices inconnection with the trading of the contracts.
NEITHER NYMEX NOR UxC, LLC GUARANTEES THE ACCURACY AND/OR COMPLETENESS OF THE
INDEX OR ANY OF THE DATA INCLUDED THEREIN.

3NYMEX AND UxC, LLC MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BEOBTAINED BY ANY PERSON OR ENTITY FROM USE OF THE SPOT PRICE, TRADING BASED ON THE
SPOT PRICE, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OFCONTRACTS, OR, FOR ANY OTHER USE. NYMEX AND UxC, LLC MAKE NO WARRANTIES, EXPRESSOR IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR APARTICULAR PURPOSE OR USE WITH RESPECT TO THE SPOT PRICE OR ANY DATA INCLUDEDTHEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL NYMEX OR UxC, LLC
HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL ORCONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITYOF SUCH DAMAGES.

4