Kapnative provides its services in the investment brokerage of and investment advice in financial instruments within the meaning of Section 2 clause 2 no. 3 and no. 4 of the German Securities Institutions Act (Wertpapierinstitutsgesetz - WpIG) exclusively for the account and under the liability of AHP Capital Management GmbH. In this respect, the Kapnative acts as a tied agent of AHP Capital Management GmbH pursuant to Section 3 clause 2 WpIG. AHP Capital Management GmbH is licensed by the German Federal Financial Supervisory Authority (BaFin) pursuant to Section 15 clause 1 of the German Banking Act (WpIG) and, as a securities institution, is permitted by BaFin to provide investment brokerage and investment advisory services within the meaning of Section 2 clause 2 no. 3 and no. 4 WpIG without acquiring ownership or possession of funds or securities of clients or to acquire or sell financial instruments for its own account. [name of tied agent] is entered in the register of tied agents publicly maintained by BaFin under number [No. XXX] at its liability institute, AHP Capital Management GmbH. The register can be viewed at www.bafin.de