Website Terms of Use

1. About Capula Investment Management LLP

www.capulaglobal.com (“our site”) is a website operated by Capula Investment Management LLP ("we" and/or "us") and the information on our site is issued by us both inside and outside the United Kingdom. We are registered in England and Wales registration number OC313398 and have our registered office at 42 Portman Road, Reading RG30 1EA. Our contact e-mail address is admin@capulaglobal.com. Our main trading address is 8 Lancelot Place, London SW7 1DR. Our VAT number is 867 4565 75. We are authorised and regulated by the Financial Services Authority.

2. Investment information

The distribution of information contained on our site in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. This information does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Persons interested in acquiring any investment should inform themselves as to: (i) the legal requirements within the countries of their nationality, residence, ordinary residence or domicile for such acquisition; (ii) any foreign exchange control requirement which they might encounter on the acquisition or sale of investments; and (iii) the income tax and other tax consequences which might be relevant to the acquisition, holding or disposal of any investment. We, our affiliated companies and our and their members and/or directors, officers and/or employees may have holdings in the investment funds referred to on our site and may otherwise be interested in transactions that you effect in those funds.

3. Risk Factors

Past performance may not be repeated and should not be seen as a guide to future performance. The value of the investments and the income therefrom may go down as well as up and investors may not get back the original amount invested. You are not certain to make money from your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall. The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences. Nothing contained on our site constitutes investment, legal, tax or other advice, nor is it to be relied upon when making investment or other decisions. The information on our site is provided solely on the basis that you make your own investment decisions. You should obtain relevant and specific professional advice before making any decision to enter into an investment transaction.

4. Sales Restrictions

The investment funds referred to on our site are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 (“FSMA”). The promotion of such investment funds and the distribution of offering materials in relation to such funds is accordingly restricted by law. The information on our site is directed only at persons to whom such investment funds may lawfully be promoted by a person authorised under FSMA (an “authorised person”) by virtue of Section 238(5) of FSMA and Annex 5 of Chapter 3 of the Financial Services Authority (“FSA”) Conduct of Business Sourcebook. Shares in the investment funds referred to on our site are only available to such persons and information on our site must not be relied or acted upon by any other persons. Investors in the investment funds referred to on our site will not benefit from the rules and regulations made under FSMA for the protection of investors, nor from the Financial Services Compensation Scheme. Shares in the investment funds referred to on our site are not dealt in or on a recognised or designated investment exchange for the purposes of FSMA, nor is there a market maker in such shares, and it may therefore be difficult for an investor to dispose of his shares otherwise than by way of redemption. An application for shares in any of the investment funds referred to on our site should only be made having read fully the relevant prospectus. It is your responsibility to use such prospectus and by making an application you will be deemed to represent that you have read such prospectus and agree to be bound by its contents. US Persons The information on our site is not directed at any United States person and our site is not intended to be used by any United States person. However, to the extent a United States person does wish to use this site, it may only be accessed by existing and prospective clients of Capula Investment Management LLP who are qualified as to both suitability and net worth and with whom Capula Investment Management LLP or the investment funds it manages has a substantive pre-existing relationship. Capula Investment Management LLP is not registered as an investment adviser under United States law.

5. Your use of our site

These terms of use set out the terms on which you may make use of our site, whether as a guest or a registered user, and apply to every page on our site, whether or not such pages are individually disclaimed. Please read these terms of use carefully before you start to use our site. By using our site, you have indicated that you accept these terms of use and that you agree to abide by them. If you do not agree to these terms of use, please refrain from using our site. You must NOT use our site (or permit or procure others to use it) as follows: (A) for any unlawful, improper or illegal purpose or activity; (B) to communicate or receive information that is obscene, indecent, pornographic, sadistic, cruel, or racist in content, of a sexually explicit or graphic nature, which promotes or incites discrimination, hatred or racism or which might be legally actionable for any reason; (C) in a manner intended to threaten, harass, or intimidate; (D) to violate our or any third party's copyright, trademark, proprietary or other intellectual property rights; (E) to damage our name or reputation or that of our affiliated companies or any third parties; (F) to impersonate any of our employees or other person or use a false name while using our site or implying an association with us; (G) to penetrate our security measures or other entities' systems ("hacking"); (H) to transmit unsolicited voluminous emails (for example, spamming) or to intercept, interfere with or redirect email intended for others using our site; (I) to generate excessive amounts of internet traffic, to interfere with our network or other's use of our site or to engage in activities designed to or having the effect of degrading or denying service to users of our site or others; (J) to introduce viruses, worms, harmful code and/or Trojan horses onto the internet or into our site or any other entity's systems and it is your responsibility to ensure that whatever you download or select for your use from our site is free from such items; (K) to post or transmit information that is defamatory, fraudulent or deceptive, including but not limited to scams such as "make-money-fast" schemes or "pyramid/chain" letters; and/or (L) to transmit confidential or proprietary information, except solely at your own risk. When using our site, you must comply with all applicable local, national and international laws and regulations, including those related to data privacy, international communications and exportation of technical or personal data. It may be illegal to download the information contained on our site in certain countries and we and our affiliated companies disclaim all responsibility if you download any information from our site in breach of any law or regulation of the country in which you reside.

6. User identification code

You will be provided with a user identification code and password to access our site. You must treat this information as confidential and you must not disclose it to any third party or allow any third party to access our site using your user identification code or password. You agree to notify us immediately if you suspect any unauthorised use of our site or of your user identification code or password.

7. Termination and suspension of access to our site

We reserve the right to deny you access to our site, or immediately to suspend or terminate your access to our site, or to disable any user identification code or password (whether chosen by you or allocated by us) at any time if your use of our site (in our sole discretion) in any manner breaches these terms of use.

8. Liability for use of our site

Access to our site is permitted on a temporary basis and we reserve the right to withdraw or amend the service we provide on our site without notice. We do not accept any liability if for any reason our site is unavailable at any time or for any period. The materials and information displayed on our site are provided without any guarantees, conditions or warranties as to accuracy or completeness and are not intended to amount to advice. We disclaim all liability and responsibility arising from any reliance placed on such materials and information by any visitor to our site, or by anyone who may be informed of any of its contents. The information, except as otherwise stated, on this website has been prepared, approved and issued by us and the information and opinions contained in our site have been compiled, or arrived at, in good faith and on the basis of publicly available information, internally developed data and sources believed to be reliable as at the date of publication. However, to the extent permitted by law, we, our affiliated companies and other third parties connected to us hereby expressly exclude all conditions, warranties, representations and other terms which might otherwise be implied by statute, common law or the law of equity and any liability for any direct, indirect or consequential loss or damage of any kind incurred by any user in connection with our site or in reliance on the information or opinions contained in it, or in connection with the use, inability to use, or results of the use of our site or any websites linked to it or materials posted on it. This does not affect our liability for any loss or damage which cannot be excluded or limited under applicable law. The internet is not a completely reliable transmission medium and neither we nor any of our affiliated companies accept any liability for any data transmission errors such as data loss or damage or alteration of any kind or for the security or confidentiality of information transmitted across the internet to or from us or any of our affiliated companies. Any such transmission of information is entirely at your own risk. Where our site contains links to other sites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those sites or resources and neither we nor any of our affiliated companies make any representation as to the accuracy or completeness of such sites or resources and have not and will not review or update them. Neither we nor any of our affiliated companies accept any responsibility for sites and resources provided by third parties or for any loss or damage that may arise from your use of them. You undertake to indemnify and hold Capula Investment Management LLP harmless from and against all or any claims, actions, liabilities, demands, proceedings or judgements (“Proceedings”) brought or established against Capula Investment Management LLP and against all losses and all reasonable costs, charges and expenses (including legal fees) which Capula Investment Management LLP may suffer or incur (including, but not limited to, all such losses, costs, charges or expenses reasonably suffered or incurred in disputing or defending any Proceedings and/or in establishing its right to be indemnified and/or in seeking advice in relation to any Proceedings) and which in any such case arise in connection with or out of any breach or alleged breach by you of any of your obligations and/or undertakings under these terms. This does not exclude or restrict any duty or liability that we have to our customers under the regulatory system in the United Kingdom.

9. Intellectual property rights

We are the owner or the licensee of all intellectual property rights in our site, and in the materials published on it. Those works are protected by laws and treaties around the world. All such rights are reserved. You may use the materials on our site and reproduce them in hard copy for your own reference only. Such materials may not otherwise be reproduced, distributed, stored in a data retrieval system or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without our prior written consent. Nothing on our site should be construed as granting any licence or right in relation to any of our trademarks or those of our affiliated companies or any third party.

10. Law and variation

These terms of use are governed by and shall be construed in accordance with English law. English courts will have exclusive jurisdiction over any dispute arising from, or related to, use of our site and it is a condition of using our site that you waive any objection to proceedings in such courts on the grounds of venue or that proceedings have been brought in an inconvenient forum, although we retain the right to bring proceedings against you for breach of these terms of use in your country of residence or any other relevant country. We may revise these terms of use at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we made, as they are binding on you.

11. Your personal data

We may collect and process the following data about you in accordance with these terms of use: (A) information that you provide by filling in forms on our site, including information provided at the time of registering to use our site, subscribing to our service, posting material or requesting further services; (B) if you contact us, we may keep a record of that correspondence; (C) we may ask you to complete surveys that we use for research purposes, although you do not have to respond to them; and (D) details of your visits to our site and the materials and information that you access. for the following purposes: (1) to ensure that content from our site is presented in the most effective manner for you and for your computer; (2) to provide you with information, products or services that you request from us or which we feel may interest you, where you have consented to be contacted for such purposes; (3) to allow you to participate in interactive features of our service, when you choose to do so; (4) to determine your suitability to be granted access to our site; and (5) to notify you about changes to our service. 12. Disclosure of your personal data We may disclose your personal data to our affiliated companies outside the European Economic Area for the purposes stated above. We may also disclose your personal data to third parties located outside the European Economic Area: (A) in the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets; (B) if Capula Investment Management LLP or substantially all of its assets are acquired by a third party, in which case personal data held by it about its clients will be one of the transferred assets; and (C) if we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use and other agreements; or to protect the rights of Capula Investment Management LLP, our customers, or others. By using our site, you consent to processing of your personal data in accordance with these terms of use and you warrant that all data provided by you is accurate.