End User License Agreement (EULA)

Terms and Conditions for participation in Phillip-Macquarie Warrant Challenge powered by TradeHero

This competition is sponsored by Macquarie Capital Securities (Singapore) Pte Ltd (“Macquarie”) and Phillip Securities Pte Ltd (“Phillip”) (collectively the “Phillip- Macquarie Warrant Challenge”) and it is a series of in-app competitions that are designed to enable eligible participants from Singapore to trade warrants virtually within the TradeHero mobile application. Prizes will be awarded in accordance with these specific Terms and Conditions of participation.

TradeHero independently administers the Phillip-Macquarie Warrant Challenge in its sole discretion and any form of communication or enquiries in respect of the competition should be directed to TradeHero and not Macquarie or Phillip..

1. Competition Period

   The Participation Period for the Phillip-Macquarie Warrant Challenge will begin at 00:00hrs Singapore Time on Monday 3rd March 2014 and will continue for 3 months, ending on Friday 30th May 2014 at 23:59hrs Singapore Time (SGT) (the “Participation Period”). Within the Participation Period there will be a series of fortnightly and overall competitions, though others may be arranged during the Participation Period (as jointly determined by TradeHero, Macquarie and Phillip, and communicated through the mobile application).

2. Entry Requirements

   • All Existing TradeHero accounts and accounts that are opened during the competition period will automatically be able to participate in the competition, provided that all other conditions of participation are met.
   • To be eligible, participants must be Singaporean residents and at or over 18 years of age at time of registration to the Phillip-Macquarie Warrant Challenge. Those who do not meet these requirements will be disqualified from any participation. Participants can be of any nationality residing in Singapore.
   • Participants can sign up for the Phillip-Macquarie Warrant Challenge through the TradeHero app (Participants may additionally sign up for a second account with Phillip through the POEMS platform - www.poems.com.sg/stockchallenge . In the case a Participant signs up for two accounts, he will only be eligible for one prize in respect of each fortnightly competition and the overall competition). Participants must register their own personal particulars and not use another person’s particulars to register for the competition. Participants must not trade using another participant’s account.
   • Participants must register using their names as stated in their NRIC or Passports for verification purposes. Participants who fail to produce a valid form of identification will not be awarded prizes should they be declared winners for the respective prizes. Driver licences will not be acceptable.
   • e. All employees, interns, contractors and official office-holders, as well as their immediate families, of TradeHero, Phillip and Macquarie, its affiliates, any representatives and any other persons professionally connected with the Competition are not eligible to participate.

3. Determination of Winners

   The competition offers multiple prizes that are to be distributed based on virtual warrants trading performance. The Competition will offer prizes to various participants over the Participation Period who are adjudged to have won a particular competition. TradeHero and Phillip will adjudge winning participants in their sole discretion. Participants will be ranked on the leaderboard, where the performance of their trades is marked to market. There are 3 prizes each fortnight (1st $1500, 2nd $1250, 3rd $1000) for the first 12 weeks (with all fortnightly prizes to be paid in the form of a crossed cheque from TradeHero) and 3 prizes for the top performers over the whole Participation Period (with all cash prizes to be paid in the form of a cash deposit in an existing or new POEMS account). Overall winners without a POEMS account will have to open one.

   1st
   • S$4,000
   • 3-year subscription to “Your Trading Edge” Magazine
   • Admission to the Phillip Scholarship Programme
   • 1000 chances at the Grand Lucky Draw
   2nd
   • S$1,250
   • 3-year subscription to “Your Trading Edge” Magazine
   • Admission to the Phillip Scholarship Programme
   • 600 chances at the Grand Lucky Draw
   3rd
   • S$1,000
   • 3-year subscription to “Your Trading Edge” Magazine
   • Admission to the Phillip Scholarship Programme
   • 300 chances at the Grand Lucky Draw
   • Bellafiore Book Bundle - “One Good Trade” & “The Playbook”

   The fortnightly competitions will be judged on the percentage gain of a participant and will be calculated using the TradeHero “Position-Level P&L;” ranking algorithm as follows:

   ROI = (total P&L; over marked period / total invested over marked period) x 100

   Where “total P&L; over marked period” includes realised and unrealised profit and loss during the relevant period and “total invested” means the total amount a participant invested in Macquarie warrants during the relevant period.

   ROI = (total P&L; for the entire period / starting cash) x 100

   ROI will be calculated after market close on the last trading day of the relevant fortnight period for determining the fortnightly prizes. ROI will be calculated after market close on the last trading day of the Participation Period for determining the overall prizes.

4. Parameters of Simulated Warrant Trading

   • Only trades that took place during the Participation Period will be taken into consideration.
   • Each participant will start the competition with an initial credit of S$100,000 virtual trading cash. If a participant is an existing user, he may also use his existing virtual trading cash for simulated warrant trading. Use of additional virtual trading cash will not offer a participant any additional advantage within the competition as all participants will be ranked, and the determination of winners based, on their percentage returns using the TradeHero ranking algorithm.
   • A minimum number of 1 unique warrant trade is required to be made in each relevant period of the Phillip-Macquarie Warrant Challenge Participation Period. No minimum holding period is applicable for warrant trading.
   • Warrant prices will be marked using the Mark to Market methodology. Warrants traded on the SGX will be marked at the following times:
     • HSI warrants will mark at 4:13pm SGT based on the prevailing bid price.
     • China A50 warrants will mark at 3:53pm SGT based on the prevailing bid price.
     • Nikkei, STI and Singapore stocks will mark at 4:59pm SGT based on the prevailing bid price.
   • For warrants over the HSI, participants may trade according to the Hong Kong Hang Seng Index Futures trading hours: 9:15 am - 11:58 pm, and 1:00 pm - 4:13 pm. The HSI Futures actually stop trading at 12:00 pm in the first half and 4:15 pm in the second half, but market making for HSI warrants will stop 2 minutes prior to the actual closing time.
   • For warrants over the China A50, participants may trade according to the FTSE China A50 Index Futures trading hours: 9:00 am – 3:53 pm. The China A50 Futures have a pre-close matching period at 3:55 pm, but market making for China A50 warrants will stop 2 minutes prior to the matching time.
   • For warrants over Nikkei, participants may trade during the hours that Macquarie market makes on these warrants: 9:00 am – 2:23 pm, and 3.15 pm – 4.59 pm.
   • For warrants over STI and Singapore stocks, participants may trade at any time of the day during trading hours (9:00 am - 4:59 pm). Participants will not be able to trade during the pre-open matching period (8:30 am - 8:59 am) and the pre-close matching period (5:00 pm - 5:05 pm).
   • Short selling of warrants will not be allowed. Participants can only sell warrants they already own.
   • If an order is placed for a warrant whose underlying is on a trading halt or suspension, the order will not be processed until the trading halt or suspension is lifted.
   • If an underlying stock is delisted on the SGX market, the corresponding warrants will be delisted in the competition with no value.
   • If a warrant is held to expiry, the cash settlement amount will be credited to the relevant participant’s portfolio for the purposes of calculating the ROI.
   • If any market disruption hinders the marking of prices, TradeHero reserves the right to mark those prices at the next available point.
   • Only trades placed within core SGX trading hours will be accepted in the competition. No queuing of orders will be done for execution on the next day. Only Macquarie issued structured warrants trading on the SGX will be eligible for inclusion in the competition.
   • There will be no volume or price limit constraints applied to competition trades. Competition board leaders will have their trades reviewed by TradeHero in order to ensure that there is no breach of the terms and conditions of the Competition.
   • All existing constraints on trading within the TradeHero mobile application remain in force.
   • In the event that two or more Phillip-Macquarie Warrant Challenge participants close with the same ranking the participant with the highest number of profitable closed trades will be considered the winner amongst the participants.
   • In addition to participating within the TradeHero app a participant may also simultaneously enter the Phillip-Macquarie Warrant Challenge through the POEMS 2.0 Stock Challenge run by Phillip.

5. Prizes

   The participants of the various competitions running within the Phillip-Macquarie Warrant Challenge will be eligible to win prizes. The value of each prize will be disclosed via the Phillip-Macquarie Warrant Challenge leaderboard within the TradeHero mobile application. Computation of the fortnight winners will be done every 2 weeks starting from the 3 March 2014, with prize winners receiving notifications on how to collect prizes the following Tuesday. Indicative results of the leading participants will be shown within the TradeHero app leaderboard everyday. The final computation for the overall winners will take place before the 14th June 2014 with prize winners being notified on how to collect their prizes by 30th June 2014. Indicative results of the overall winners will be shown on the TradeHero app everyday.

   Participants are allowed to have accounts with both TradeHero and POEMS Stock Challenge for the Phillip-Macquarie Warrant Challenge. In the event of a participantbeing eligible for a prize, only one account will be considered for the purposes of prize determination, and the participant is only eligible for one prize per category.

6. Use of Competition for Promotional Purposes

   By registering and participating in the Phillip-Macquarie Warrant Challenge, all participants permit TradeHero, Macquarie, Phillip and other partners sponsoring the Phillip-Macquarie Warrant Challenge to access and use all data held on participants through the TradeHero app without any further claims or compensation for the purposes of the Phillip-Macquarie Warrant Challenge and direct marketing of Macquarie’s, TradeHero’s and other sponsoring partners’ product and services. If you are a winner, you agree that Macquarie, Phillip and TradeHero may use your name, other information and photographs to administer and promote the Macquarie-Phillip Warrant Challenge. Throughout the Participation Period of the Phillip-Macquarie Warrant Challenge the rankings and results of participants will be published through TradeHero, Macquarie, Phillip and any affiliated partners. In cases where participants do not want their details published by TradeHero, Macquarie, Phillip or affiliated partners, a written request should be sent to [email protected] in order for such information to be removed. However, in such cases, the participant shall cease to be eligible to participate in the Phillip-Macquarie Warrant Challenge.

7. Conduct

   By entering the Phillip-Macquarie Warrant Challenge, eligible participants agree to comply and be bound by these Terms and Conditions. Failure to comply with these Terms & Conditions may result in disqualification from the Phillip-Macquarie Warrant Challenge. Eligible Participants further agree to comply and be bound by the decisions of the Phillip-Macquarie Warrant Challenge judges, which are final and binding in all respects. TradeHero reserves the right in its sole discretion to disqualify any participant if it finds it to be (1) tampering or attempting to tamper with the entry process or the operation of the Competition (2) violating the specific Terms and Conditions of the Phillip-Macquarie Warrant Challenge or any of the general Terms and Conditions of the TradeHero mobile application (3) acting in way that disrupts, or with intent to abuse, threaten or harass any other person. Any false information provided within the context of the Competition by any participant concerning identity, postal address and non-compliance with the Terms and Conditions may result in the immediate elimination of a participant from the Macquarie-Phillip Warrant Challenge.

8. Disentitlement

   In cases of any indiscretion or misuse in trading, such trades will not be taken into consideration and may even be removed from the participant’s account. TradeHero reserves the right to disqualify any participant found in violation of the rules of the Phillip-Macquarie Warrant Challenge or applying any inappropriate trading strategy. Any participant who is found or suspected to have attempted to have manipulated the market or price of actual listed warrants and its underlying securities will be disqualified from the competition and referred to the relevant authorities.

9. Risk Acknowledgement

   Prices shown in the Phillip-Macquarie Warrant Challenge are of indicative nature and subject to change. You should not use such prices when making any actual investment decisions.

   No part of the information contained in the Phillip-Macquarie Warrant Challenge should be considered as investment advice or any form of recommendation to purchase or sell any financial products. The information does not take into account the investment objectives, financial situation and particular needs of each individual.

   Warrants can be volatile instruments and may be subject to considerable fluctuations in value. Past Performance is not indicative of future performance. Therefore Warrants run the risk of expiring worthless resulting in a total loss of investment.

   You are advised to consult, to the extent necessary, your own independent, competent, legal financial and other professional investor, when deciding whether to make any actual investment in the Warrants to ensure any decision you make is suitable for you with regards to your circumstances and financial position.

10. Communication Delays

    TradeHero will not be held responsible for any delay in the acceptance and/or transmission of trades due to the breakdown or failure of transmission and communication facilities, or for any other cause beyond their reasonable control and anticipation.

11. Postponement, Change or Cancellation

    TradeHero, Phillip and Macquarie, in their sole discretion, reserve the right to extend or postpone the trading period, change any prevailing marking times, prices, or methodologies, cancel or make changes to any user’s trades and portfolio, cancel the Phillip-Macquarie Warrant Challenge and reject any participant’s application if it is determined that such action is reasonable or necessary.

12. General Conditions

    The Phillip-Macquarie Warrant Challenge is governed by the laws of Singapore. By participating in the Phillip-Macquarie Warrant Challenge you agree to be bound by these Terms and Conditions and by TradeHero’s decisions, which are final and binding on all matters pertaining to the Phillip-Macquarie Warrant Challenge. Any potential winner who cannot be contacted within fifteen (15) days of attempted first notification will forfeit his or her prize.

    Each Phillip-Macquarie Warrant Challenge participant agrees not to act in any manner that might (1) infringe any third-party proprietary, intellectual property, personal rights or other rights; including without limitation, copyright, trademark, patent, trade secret or confidentiality obligation; or (2) otherwise violate applicable law in any country in the world.

    To the extent permitted by the law, the rights to litigate, to seek injunctive relief or to any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with the Phillip-Macquarie Warrant Challenge are herby excluded, and you expressly waive any and all such rights. If any provisions in these Terms and Conditions are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect.

13. Limitation of Liability

    TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU INDEMNIFY AND AGREE TO KEEP INDEMNIFIED TRADEHERO AND MACQUARIE AND PHILLIP AT ALL TIMES FROM AND AGAINST ANY LIABILITY, CLAIMS, DEMANDS, LOSSES, DAMAGES, COSTS AND EXPENSES RESULTING FROM ANY ACT, DEFAULT OR OMISSION BY YOU AND/OR A BREACH OF ANY WARRANTY BY YOU SET FORTH HEREIN. TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU INDEMNIFY AND AGREE TO KEEP INDEMNIFIED TRADEHERO AND MACQUARIE AND PHILLIP AT ALL TIMES FROM AND AGAINST ANY LIABILITY, ACTIONS, CLAIMS, DEMANDS, LOSSES, DAMAGES, COSTS AND EXPENSES FOR OR IN RESPECT OF WHICH TRADEHERO AND MACQUARIE AND PHILLIP WILL OR MAY BECOME LIABLE BY REASON OF OR RELATED OR INCIDENTALTO ANY ACT, DEFAULT OR OMISSION BY YOU UNDER THESE TERMS AND CONDITIONS INCLUDING WITHOUT LIMITATION RESULTING FROM OR IN RELATION TO ANY BREACH, NON-OBSERVANCE, ACT OR OMISSION WHETHER NEGLIGENT OR OTHERWISE, PURSUANT TO THESE RULES BY YOU. TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE TO HOLD TRADEHERO AND MACQUARIE AND PHILLIP, ITS RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES AND ASSIGNS HARMLESS FOR ANY INJURY OR DAMAGE CAUSED OR CLAIMED TO BE CAUSED BY PARTICIPATION IN THE CONTEST AND/OR USE OR ACCEPTANCE OF ANY PRIZE WON.

14. Competition Terms

    TradeHero reserves the right to amend or waive any rule during or after this competition.

    In cases where the Phillip-Macquarie Warrant Challenge Terms and Conditions are translated into a language other than English, then the English version of the Terms and Conditions shall prevail as the official language.