ARCA acknowledges and agrees that JPMSI (i) may cancel any order placed or (ii) any transaction executed in error, while for any reason a trade freeze is in effect with respect to the security that is the subject of the order or transaction. 15.1 JPMSI is not responsible or liable for any loss or damage of any kind, including, but not limited to, arca or any party on whose behalf ARCA acts, including loss of profits, lack of savings or any other direct or indirect, special or indirect, accidental or consequential loss, damage or expenses caused by. This Agreement, including the Annexes which are expressly incorporated into this Agreement and which form an integral part of this Agreement, constitutes the entire Agreement between the Parties and supersedes all prior written or oral agreements concerning the subject matter of the Contract. Such earlier agreements, where appropriate, shall be repealed. 4. Use of your dataWhile some providers offer conditions to protect your business and other data, surprisingly many are silent about this. Other providers expressly reserve the right to use your data, usually on an anonymous basis. You should be careful, as you may have fiduciary duties to ensure that your fund`s business data remains confidential and is not disseminated. The electronic trading platforms you use for your fund are like utilities for your home. Your home needs electricity to operate your devices and your fund needs electronic trading platforms (ETPs) to execute and manage your trades. Like an electricity company, FTE providers make their services available to all customers, usually on a take it or leave it basis. Suppliers have little desire to negotiate the terms of their services with other market players than the largest market players. This means you`ll likely end up with contracts that offer you little protection, but offer huge protection to suppliers.

Any controversy between JPMSI or any of its affiliates or allies of its shareholders, senior officers, directors or employees, on the one hand, and ARCA, its shareholders, senior officers, directors or collaborators, on the other hand, arising out of or in connection with this Agreement or the accounts established below, shall be settled by arbitration in accordance with the rules which require one of the following questions: The American Arbitration Association, the New York Stock Exchange, Inc. or any other exchange to which JPMSI belongs, or the National Association of Securities Dealers, Inc., such as ARCA may choose. . . .