LAVERNE SECURITIES PTY LTD (T/as LAVERNE INVESTING)

INVESTING PLATFORM FOR ASX, USA and Indian*NRI Only & INFORMATION SERVICES –Research SUBSCRIPTION AGREEMENT

(www.Laverneinvesting.com.au)

Services Provided: General Advice Only

• Information and Research Services –Terms and Conditions and Financial Services Guide of Laverne Capital. Laverne Investing has its own Research methodology, with regards to the rating and is confirmed by the team for long term Strategic rating of the concern security as Investment for Portfolio’s with High Growth Risk Profile. The estimates change with time and are for model portfolio construction only considering the Financial Planners Perspective as compared to Research Estimates.

• Investment Platform for Securities Trade: Open Markets (Laverne) and Self wealth-Laverne, a Product Disclosure Statement and their respective terms and conditions be provided. Research may be provided by the respective providers.

• For overseas Indian Equity- An Indian SEBI Registered Stock Broker-Phillip Capital (India) and its advisors or Authorized Representatives will be used for the execution of the trade. NRI- an Non Resident Indian, meaning as per Securities and Exchange Board of India: A person of Indian origin whose parents or grandparents are of Indian origin can only open the accounts. A related bank accounts.

• Laverne Investing have an agreement with Financial Planners as referral partners and a referral agreement are signed accordingly and a referral fee be paid. The general advice is provided by Laverne Investing and an FSG are provided, along with terms and conditions and respective PDS of the product providers.

TABLE OF CONTENTS

Contents

Terms OF Services……………………………………………………………………………………………………………… 3

Terms and Conditions………………………………………………………………………………………………………… 4

Risk Profile of High Growth Asset Class:…………………………………………………………………………………. 5

Financial Services Guide……………………………………………………………………………………………………… 5

Commencement and Term…………………………………………………………………………………………………. 6

User Assent to Terms and Conditions of Service……………………………………………………………………… 6

Warning – General Advice only…………………………………………………………………………………………….. 6

Access and Use…………………………………………………………………………………………………………………. 6

License-Subscription Logins…………………………………………………………………………………………………. 7

Portfolio Performance and Stock Ratings……………………………………………………………………………….. 9

Subscription, Payment; Automatic Renewal……………………………………………………………………………. 9

Duration………………………………………………………………………………………………………………………….. 9

Trial Periods and Cancellation…………………………………………………………………………………………….. 10

Modification or Discontinuation………………………………………………………………………………………….. 10

Changes to these Terms and Conditions………………………………………………………………………………. 10

Disclaimer and limitation of liability……………………………………………………………………………………… 10

Indemnification……………………………………………………………………………………………………………….. 11

Privacy…………………………………………………………………………………………………………………………… 11

Disclaimer: The information provided on the website or services is generic in nature and does not constitute any financial advice. It is general Factual Information only and does not take into consideration your personal circumstances.

• NRI- A Non-Resident Indian, meaning as per Securities and Exchange Board of India: A person of Indian origin whose parents or grandparents are of Indian origin can only open the accounts. A related bank accounts.

Terms of Services

These Terms and Conditions are an agreement between you (“you”) and Laverne Investing (Trading Name for LAVERNE INVESTING)

Laverne Securities Pty Ltd ABN Number: 34 629 216 477,

The Corporate Authorized Representative CAR Number: 1269781 of Laverne Capital Pty Ltd AFSL: 482937

Address: 6/96-98 Wigram St, Harris Park, NSW 2150

Laverne Investing is licensed to provide general financial product advice in relation to certain financial products and arrange for dealing in certain financial product.

Laverne Investing is an intermediary –Dealer Broker working with Open Markets for ASX and Global Markets. Open Markets is a holder of an Australian Financial Services License (AFSL no. 246705) issued under the Corporations Acts 2001 (Act) and is located at Level 2, 451 Little Bourke Street Melbourne VIC 3000. We are a market participant of ASX Limited (ASX), Chi-X Australia Pty Ltd (Chi-X) and National Stock Exchange of Australia Limited (NSX). This means we can execute trades in each of these markets directly for you. We are a clearing participant of ASX Clear Pty Ltd (ASX Clear) and a Sponsoring Broker and participant of CHESS, the clearing and settlement facility operated by ASX Settlement Ltd. (Agreement FSG and PDS be Provided –Laverne Brand). Open Markets are linked to the US and Global Markets and are traded in the Foreign Currency as per Country.

• Dealer Broker Charges: $18 / Transactions-Laverne Investing
• Laverne Trading -Openmarkets- $13.95* or 0.06% of the trade value, whichever is greater
• Self Wealth: $9.5/ Trade
• Indian Overseas Brokers: Usually 0-1 % of the Value of the Trades: (ONLY NRI*)
• (Laverne Infotech Pty Ltd- Brokers Representative in India)
• Overseas Markets may have Forex Elements and as the money to be transferred in the local currency.
• Laverne Security may receive 0-30% of the Fees and Charges from the service providers.

Laverne Investing is licensed to provide general financial product advice in relation to certain financial products and arrange for dealing in certain financial product.

Laverne Investing provides you access to our service, that provides newsletters, articles, stories, stock analysis, research by various analysts. By subscribing to, and using the Service you are agreeing to be bound by all applicable terms and conditions including (if applicable) the rules governing your use of our Subscription Form.

Information Services: The information Services and or Research provided on the Website or Services is general in nature and does not constitute financial advice and it‟s a General Factual Information only. If any of the Content contains financial advice, it is general advice only and does not consider your situation, objectives and your personal circumstances.

Security Research: The General Advice or Opinion about Specific Security and Sectors be provided by Research Team and the Securities are Graded as Star Ratings as per Analyst and market viewpoints both qualitative and Quantitative Techniques as Approved the Investment Committee. The FSG is provided for the Services along with.

Investment Platform: The Platforms provided for Investing in ASX, USA and India*(NRI Only) are of a General Advice nature only. The PDS is provided by the Product Providers and Terms and Conditions respectively as Openmarket, Selfwealth, for various markets around the world. For overseas, buying of Securities an overseas Broker platform will be used and a General Advice be provided for the same.

The individual AML CTF and Terms and Conditions, Financial Service Guide and the Respective PDS or Product disclosure statement are provided by the respective service Providers.

Terms and Conditions

YOU SHOULD READ AND UNDERSTAND THESE TERMS AND CONDITIONS BEFORE SUBSCRIBING TO ANY OF OUR SERVICES.

In the event that you don’t see any of these terms and conditions (the Terms), you should look for explanation from the LAVERNE INVESTING Member Support Line and additionally your specialist BEFORE you acknowledge these Terms.

On Reading and Confirming, You Acknowledgment of these Terms starts a business association with LAVERNE INVESTING and spots legitimate commitments on both you and LAVERNE INVESTING for providing Information Services, Research and Investment Platforms for ASX, US and Indian (Global Markets*Future)

A hard copy or an Email Copy of the same may be provided as all as Terms and Conditions, FSG and PDS for you.

Laverne Investing is a General Advice provider of Financial Information, Research and the Investment Platforms and we are just accepting general instructions to facilitate the above services. All the services are CRM and Web based no phones or email execution provided. The respective providers may provide the offline services on chargeable basis please read the terms and condition of respective platforms separately and their PDS respectively;

Risk and Important Conditions:

Following are the Risk and Important Conditions that you confirm to agree with the information Services, Research Services and Investment Platforms. We strongly recommend you take an advice of Financial Planners and or Advisors before you confirm to subscribe to the services:

• the Factual Information does not take into account your investment objectives or financial circumstances;
• before following up on the guidance, you will think about whether the Factual Information is suitable having respect to your venture targets and budgetary conditions;
• If the Factual Information relates to the acquisition of a financial product for which a product disclosure statement, prospectus or other disclosure document is available, you will obtain and consider the relevant document before making any decision to acquire such a financial product.

–          No Financial Advice – Our Service Don’t Provide Personal Financial Advice and this is General advice Services only;

• LVC Research: Our internal Team of Research has vast experience in research of Investments in alliance with Stock Brokers and Research team in Australia, India and USA. We do not recommend any specific stork, however we do rate the stocks to make a portfolio and to diversity and make a Core-Satellite Approach of Investments with Efficient Portfolio theory and as per Markowitz models.
• No Trading and Speculations of Securities: We strongly discourage the use of services as for trading and speculative purposes.
• Risk of Foreign Currency –While investing overseas there is a risk of Currency movement that may lead to your capital loss. This is an important step to be understood while investing in overseas countries. A proper hedging may be used and an advice of a Financial Planner must be used for the same.
• No Derivatives and or Options– The derivatives and options are the tools for hedging and or trading to gain the profits as well it gives a compounding effect of loss or profits. This can erode all your capital as becomes a speculation and you will lose all your money.

Risk Profile of High Growth Asset Class:

You agree and confirm that you have a high growth investor risk profile as follow: High Growth/Aggressive: Only for Very Aggressive Investors:

Aggressive or high Growth investors are investing in stock markets for maximizing their returns and they are willing to accept a substantial risk. This investor may accept extensive volatility and significant capital loss in the hope of maximizing long term returns.

• Time Frame of Investment: The usual time frame to be invested in the Stock markets are 5to 7 Years and a Deep of 20% markets going down once as always in past.

• Support Usage of Mfunds, Mutual Funds or Listed Investment Companies: The mfunds may be used as compared to specific securities as specialist fund managers with a knowledge and experiences of research team and markets makes a huge difference in overall diversifying and long term returns on investments. Usage of Model Portfolio and no strong conviction on individual stocks.

• Usage of Fixed Interest Securities: Debt Securities with high Ratings should only be used for the returns as may incur a loss of capital with low security ratings by various agencies.

Investors with Cash Flow needs should not invest in Securities as only Fixed Interest Securities only.

• Tax Advisors and Accountants: We strongly recommend using a Tax Advisors for any of your Capital Gain or Loss in situation of buying or selling of the Securities concerned.

• Financial Advisors – We strongly recommend using of a Financial Planner before you use any of our Information research or platform services for usage of Investments and or appropriate to your situations, goals and circumstances.

• Long term Returns Average on Listed Securities and Property Securities are usually 5-9% on long term average Market Returns. Focus both on Income Returns as Yield and little bit of Capital Gain with Diversification and Efficient portfolio theory is better in markets.

Financial Services Guide

Prior to subscribing, please review our Financial Services Guide (FSG). By subscribing to and using the Service, you specifically acknowledge that you have received, read and understood our FSG.

Laverne Securities General Advice FSG.docx

Anti-Money Laundering and Counter Terrorism Financing:

All investments accounts and Cross Border investments are to monitored by Austrac. Laverne Capital Pty ltd and Laverne Securities Pty Ltd are registered by Austrac.

Bank Accounts and CMT Accounts: The entire platform may be working with banks and or CMT; we don‟t advice or recommend any bank or services and go as per provider.

LVC Money: A money transfer service may be used as for Money Transfer to Indian Bank Account and as Per AML CTF Regulations. The related terms and condition for the services to be confirmed by LVC Money and Unimoni, and are Registered by Austrac and ASIC Respectively. (Preferred Service Provider-Related Company)

Commencement and Term

The agreement commences the date we acknowledge receipt of an executed Subscription Form, thereafter, this agreement will automatically renew each calendar year unless:

• We receive written notice of termination from the Subscriber at least thirty (30) days prior to the renewal date (1 January of the following year); or

• We decide in our absolute discretion to not renew the agreement.

User Assent to Terms and Conditions of Service

You represent that you have read these Terms in their entirety and agree:

1. that after tapping the “I Accept” catch on the Website in regard of these Terms, you consent to be bound by these Terms as shifted every now and then as per these Terms;
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   1. not to utilize the Website or the Service for any unlawful reason; and
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Warning – General Advice only

The Service gives investing information and commentary -Ratings for Investing in the selling portions of products traded on Investment Platforms as ASX. Fixed Interest Securities, Mfunds, Listed Investment Companies, ETF etc

LAVERNE INVESTING provides only general financial advice and Factual Information only.

That is, the data contained in the Service has been set up without considering your own situations and Circumstances or conditions. You ought to, in this manner, consider the relevance of the counsel we give in light of your own targets, monetary circumstance or needs before following up on any of our suggestions. Prior to purchasing any of our Services proposals, you ought to likewise audit any Product Disclosure Statement (PDS), plan or other divulgence report given by the Research Services.

The Information Services, Investment Platforms and Research Services are of General Advice only; we strongly recommend taking advice of Financial Planners and or Professional before acting on any General Advice.

You further concur that you bear all the duty regarding your very own venture research and speculation choices.

Access and Use

Membership to the Service implies Subscriber Entities may get the data with the Subject to installment of the Subscription Fees, the Subscriber is allowed a non-transferable permit to utilize and recover the LAVERNE INVESTING data through the Service at its website address   for their internal business purposes just during the term of this contract.

It is a state of this membership that the Subscriber must not redistribute, recycle, republish or impart the Data outside the Subscriber or the Subscriber Entities or on any site without our approval.

License-Subscription Logins:

1. You recognize that by going into these Terms, you don’t procure any rights (regardless of whether exclusive or something else) in or to the Service and materials contained in the Service other than the constrained appropriate to utilize the Service and download content from our website as per the Terms.
2. Should you download content from the Service, you should do as such as per the Terms. Any such download is authorized to you by Laverne Investing just for your very own, non-business use as per the Terms and Laverne Investing doesn’t move some other rights to you.

ALL SERVICES ARE PROVIDED BY LAVERNE INVESTING AUSTRALIA

The Service and all related content are given only by LAVERNE INVESTING Australia. While we may take a glimpse at our parent or associates’ distributions for worldwide stock information, all offer suggestions have explicitly been received by one of the Services’ individual counsels and given to you by LAVERNE INVESTING You acknowledge that the general financial advice and Information services are provided to you solely by LAVERNE INVESTING.

WE OFFER THE FOLLOWING PLANS for Investment Platforms and Information Services:

1. ASX –Laverne Investing
2. ASX and US Markets-Laverne Trading Openmarkets
3. ASX- LVC-Self Wealth Platform
4. NRI-Non-Residential Indian* only- BSE Bombay Stock Investments through Local Brokers.

Each Investment Platform and Services will be having its own individual terms and conditions, Fees and Charges, Regulations Accordingly.

Financial Information Services:

• Think Global While you are investing
• Online Investment Platform
• Online Trading Platform
• CRM and Forum
• Financial Standard News
• Market Updates
• Morning Briefing
• Weekly Newsletter
• Sector or Industry News
• Research, Stories, Articles
• ETF Model Portfolio
• Weekly Stock Reports
• Analyst Reports
• Indian Markets
• ASX Markets
• Advisor Talk and Call
• Vdo and Podcast
• Corporate Actions IPO

Laverne Investing Rating –

Laverne Team of Securities has their own Research Analyst to Rating the Stock as Star Ratings. The research methodology of our research includes both qualitative and Quantitative analysis and on a long-term basis of yield and Value basis. We prefer and feel as investing as a Core and Satellite approach and diversification as a Fundamental rule of investing.

An individual strong conviction on a particular stock or shares is based on high risk and as a research analyst we strongly discourage and feel the use of Managed Funds, ETF and the Model Portfolio as a long-term investing theory.

–     LVC Research: Our internal Team of Research has vast experience in research of Investments in alliance with Stock Brokers and Research team in Australia, India and USA. We do not recommend any specific stock, however we do rate the stocks to make a portfolio and to diversity and make a Core-Satellite Approach of Investments with Efficient Portfolio theory and as per Markowitz models. The Stocks are Rated as ***** Five Star, **** Four Star as Investment Grade and a Fair Value or a Discount value of 5 to10% and focus more on the yields.

Subscription Plans:

	Growth $300.00	Scale 500.00	Gold and Comprehensive 800.00
1	Get                     Steady Investment Growth	Connect, Invest and Succeed	Think Global While you are investing Online Trading Platform
2	ASX Markets	ASX Markets	ASX Markets
3	Morning Briefing & Brokers Call	Morning Briefing & Brokers Call	Morning Briefing & Brokers Call
4	Weekly Newsletter	Weekly Newsletter	Weekly Newsletter
5	Articles, Stock Report &Sector News	Articles, Stock Report &Sector News	Articles, Stock Report &Sector News
6	Laverne Research	Laverne Research	Laverne Research
7	Video and Podcast	Video and Podcast	Video and Podcast
8
9	CRM and Forum	CRM and Forum	CRM and Forum
10	Online Investment Platform – Australian Market	Online Investment Platform – Australian Market	Online Investment Platform – Australian Market
11		Access to Indian Shares	Access to Indian Shares
12		Access to Indian Mutual Funds	Access to Indian Mutual Funds
13		Access to LVC Model Portfolios	Access to LVC Model Portfolios
14		Corporate Actions & IPO	Corporate Actions & IPO
15		Indian Online Equity Trading	Indian Online Equity Trading
16		Indian Market Watch	Indian Market Watch
17		Indian Intraday and Historical charts	Indian Intraday and Historical charts
18		Stock Advisory	Stock Advisory
19			Thematic Investing
20			Portfolio Analysis
21			Multi Asset Portfolios
22			Asset Allocation Portfolios
23			Advisor Support

Portfolio Performance and Stock Ratings

• The investments values go up and down the market sentiments on daily basis. The value of portfolio and stocks change in value with time on hourly basis.
• Portfolio Performance figures are not intended to be a forecast and we do not guarantee the performance of, or returns on any investment.
• Past performance is not necessarily indicative of future returns.
• Stock Ratings of Four and Five Stars are based on the Research Methodology of LVC Investment Committee and the Analyst. The ratings are bases on that particular situation and time and a reasonable professional care to be taken as of Investment grade.
• Laverne believes in Diversification and feels a stock portfolio of 8-10 Stocks a Minimum for the Portfolio to adjust the Sectors and Diversification of the markets.
• The Platform Services with Stock Markets may allow a book profits/loss as speculative and dependent on the rate change between the stock cost at the hour of suggestion and the current or sell cost at the hour of distribution. Certain taxes and some related expenses are not considered.

Subscription, Payment; Automatic Renewal

The Service is accessible just by membership, implying that you subscribe for a particular duration. All Service charges must be paid full in prior to starting the subscription period. The subscription will be automatically renewed for the annual period until specifically mentioned while subscribing or, there is any notification for the termination of the membership.

Currently, you can pay for your subscription via PayPal. If you indicate that you wish to pay via PayPal, you will be transferred to the PayPal website to complete the purchase. Please note that once on the PayPal site you are subject to PayPal’s policies and terms of service, which are completely outside of LAVERNE INVESTING „control.

Prices published on Laverne security are quoted in Australian dollars and are inclusive of GST and all other duties and taxes, as required by law. The Laverne securities cannot issue refunds or withhold from your subscription fee any amounts for GST. If you think you are entitled to a GST refund, please contact the Australian Tax Office.

LAVERNE INVESTING reserves the right to increase the Service’s subscription fee or institute new charges upon reasonable notice.

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Advisor Services Fees: An advisor services fees may be charged to you as agreed with your financial advisors. The invoice will be clearly showing the fees charged by the advisors and splits with the AFSL Licensee as Fees Disclosure on monthly or yearly basis. An extra brokerage may be charged with the respective brokerage as advisors fees for execution services as agreed with your advisors.

Duration

The usual terms commence on the date of your acceptance of the Terms and Conditions and remain in place for 12 months (Initial Term) or for the duration of your subscription to the Service, whichever is greater.

Trial Periods and Cancellation

You will be charged upfront for your membership, via the payment method. You may cancel your membership at any time by contacting us. If you cancel your subscription within 30 days of purchase or renewal, you will receive a full refund for the applicable term.

Except as expressly stated in these terms, after this 30-day period, all fees are non-refundable except as required by Australian Consumer Protection statutes.

Modification or Discontinuation

LAVERNE INVESTING reserves the right to modify, suspend or discontinue all, or part of the Service including Information Services, Research Services or Add or Delete the Platform Providers for Execution of the Investments for Securities Trade both Australia and Overseas.

Changes to these Terms and Conditions

We may change these terms whenever; we feel appropriate however we will post a notice on the Service’s site of any material changes.

Disclaimer and limitation of liability

1. You agree that your utilization of the Service is at your own expense and recognize that the Service and anything contained in the Service, including, however not restricted to, content, administrations, merchandise or ads (the Items) are given “as seems to be” and that, to the most extreme degree allowed by law, LAVERNE INVESTING makes no guarantee of any sort, express or suggested, with regards to the Items, for a specific reason or use.
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1. make any guarantee, express or inferred, regarding the utilization of the connections gave on, or to, the Website or the Service;
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4. Buy or Sell any securities on your behalf and web based platform only.
5. Provide Personal Advice;
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7. Guarantee the research ratings as it is an imperative basis of future events possibilities.

Indemnification

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2. You agree to pay any and all costs, damages and expenses, including, but not limited to, a lawyer’s reasonable fees and costs awarded against or otherwise incurred by or in connection with or arising from any such claim, suit, and action or proceeding attributable to any such claim.

Privacy

We take the personal information and data seriously and are abiding by the Australian Privacy Regulations and Laverne Privacy Policy. All information and data servers we do the best to be maintained in Australia. When you provide personal information, you agree to the terms of our privacy policy. By subscribing and using the Service, you consent to our transferring and handling the data under the terms of our Privacy Policy, which is incorporated by reference. With different markets and platform, the data and personal information, be sending overseas to the stock exchanges for the analysis and reports including the execution of trade.

Laverne Privacy Policy link:

Disclaimer for Stock and Model Portfolio Ratings and Research:

This document is provided by Laverne Securities Pty Ltd, The Corporate Authorized Representative of Laverne Capital AFSL 482937.

Analyst Opinion: The Research Analyst who prepared this report hereby certifies that the views expressed in this document accurately reflect the analyst’s personal views about the Company and its financial products. This report has Different Assumptions, Views, Analytical Method of the analyst and with no guarantee of reliability and accuracy of the content. The Research Analyst has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific recommendations or views in this report.

Laverne Investing has its own Research methodology, with regards to the rating and is confirmed by the team for long term Strategic rating of the concern security as Investment for Portfolio’s with High Growth Risk Profile. The estimates change with time and are for model portfolio construction only considering the Financial Planners Perspective as compared to Research Estimates. In case as otherwise, you have received the document than seek the advice of financial planners or Investment advisors. We strongly recommend not acting on your own judgment.

The Model Portfolio and Investment Themes are considering from long term perspective of Model Portfolio and Diversification with regards to the Various Asset Classes and Quantitative Techniques. The Quantitative or Fundamental analysis done with Laverne Methodology and Investment Philosophy This is Estimates only and no guarantee of Future Performance of the Security.

The past performance is not an indication of future performance, the opinion and estimates the judgment of the analyst at time of publication. This report is published by Laverne Securities for its financial planners and for general advice and for Professionals only and do not take into the account your personal goals, objectives and circumstances and no way constitutes a Personal Advice.

This Document is provided for the Advisors, their clients, and Financial Professionals for information only and should not be consider an offer or solicitation of an offer to buy or sell a particular security or financial product or instrument. The information or services provided in this report may not be suitable for you and we strongly recommend taking advice of your Financial Planner or Investment advisors. Laverne research will not treat the recipients as its customer by virtue of their receiving the report and should seek advice of their consultant, prior to taking any investment decision considering this report or relying on this report. The guarantee reliability and accuracy of the material contained in this document and is not liable for any unintentional errors in the document.

The content of this documents, including information and opinions have been outsources and believed to be reliable and correct, however Laverne makes no representation concerning the accuracy or completeness of the information. Individual Stock is Speculative and High Risk and strongly don’t recommend. The stock report on specific security given by analyst will change and inconsistent, and have different conclusions as lot of parameters and variable change with time.

The Value of the any securities fluctuate with the markets, macro factors influenced by volatility and currency risk, along with long term business cycles, commodity prices and other various variables. There is a high level of Volatility and risk associated with the trading or investment and can lose capital as well as market can go down

considerable in short time frame. We strongly discourage and recommend Diversification and at least 5-10 Securities in the portfolio and in a varied sector taking consideration of correlation analyses and diversification of the market risk. We do not have any conflict of interest with regards to the security concerned and as Research Report only consider the long-term growth character of the company concerned. However, they are estimates and no guarantees as the factors and variable changes and beyond the scope. The quarterly reviews of the estimates are adjusted along with the opinion of the research agencies, Data Providers and other related consultants.

The information published is solely for information purposes only and does not constitute an offer or an invitation to buy or sell any security. The analyst and the research people do not market any securities and also not having relationship with investment bankers whose security is mentioned in report. This report not to be shared and it‟s for the intended recipients only. The material report in this content is copyright by Laverne Securities and not be publicized without the permission.

Important Note: This is a General Advice, Factual information and Estimate service only and it’s very dynamic and changes with time and circumstances beyond the control of Analyst or Report.