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In this disclaimer, the following words shall have the following meanings: “Trend” means Trend Global Markets Limited, and where applicable and appropriate, its affiliates, directors, officers and employees. “Publication” means any document, or any text, graphics, charts, formulas or models created by Trend, and set out in or on whatever media (including on Trend’s website). “Video Consultation” means a separate video consultation regarding the Reports which may be provided upon request. “Report” means an investment research report prepared and published by Trend. “You” means the reader of a Report or Publication or witness to a Video Consultation created by Trend.

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