(a) Principal Role: In providing the Brokerage services, HBL acts as a principal engaging in off-platform back-to-back transactions with clients. The Client understands and acknowledges to all risks associated with these transactions, including but not limited to financial, operational, and other types of risk. These risks might arise from factors such as delivery failures from other parties, settlement delays or failures, and system or mechanism disruptions. The Client expressly assumes all risks related to the settlement of transactions, recognizing that successful settlement is subject to various factors outside HBL's control such as market conditions, system availability, and third-party actions. In the event of default of a transaction by a Merchant, HBL shall communicate the change in status and any potential resulting delay in settlement with the Client and nevertheless be committed to honour the trade by formally resubmitting the client order to other LPs. Where the price from such resubmission is worse than the original price, HBL is committed to bear the loss and complete the Brokerage Transaction with the Client at the original price ("Price Adjustment Loss"). Save as provided herein and as permitted by applicable laws, HBL will not be liable for any failures or delays in carrying out these transactions, including instances where Clients fail to deliver assets. Consequently, HBL does not guarantee the timely, successful or complete settlement of transactions;