Template:Nutshell Equity Derivatives 13.4

Section 13.4. Additional Acknowledgments. If “Additional Acknowledgments” applies each party acknowledges that:

13.4(a) neither the other party nor its Affiliates provides professional advice on the Transaction;

13.4(b) it has been able evaluate the merits and risks of the Transaction to its satisfaction. It is not relying on any communication from the other party as professional advice, a recommendation or any kind of assurance about performance;

13.4(c) the other party may have commercial relationships with the issuer of any Underliers and may trade the Underliers or derivatives on them at any time and that such trading may affect the price of the Underliers and consequently the Transaction.