General Terms and Conditions

Basic Resources AG and YALTA advisory GmbH

The subscription is free of charge and applies for an unspecified time

It can be terminated with a period of notice of 14 days.

Publications shall be dispatched exclusively by e-mail.

No entitlement to a minimum number of e-mails per month applies for the subscriber of the ?Market Letter? of YALTA advisory GmbH.

YALTA advisory GmbH shall accept no liability for delays or technical malfunction which occurs in the transmission of the e-mails.

Risk notice: All data and information used or quoted in this domain in "Newsletter or Download originate from sources which the editor and publisher considers reliable. Notwithstanding this fact, no guarantee for their accuracy ? be it explicit or implicit ? can be given. Furthermore, information may be incomplete or summarized.

Despite accurate research and the care taken with associated prognoses, indirect and direct compensation liability and guarantees must be categorically excluded. This applies in particular to investors who incorporate our investment analysis into their own investment arrangements. Neither our sample securities account nor our individual analyses of certain stocks constitute a call for individual or general imitation, not even implicitly. Suggestions or recommendations on this domain, in the "newsletter" or in research, do not constitute a call to buy or sell stocks or derivative financial products. Liability for direct or indirect consequences of the published content is therefore excluded. Under no circumstances may this domain "Basic Resources AG " be regarded as a personal or general advisory service, not even implicitly, as the content of this domain, the newsletters/market letters/research reflect the subjective opinion of the editor. In the event that, contrary to our opinion, liability should be established in the content of this domain, the newsletter/financial letter, the liability is insofar excluded unless gross negligence or intent applies.

Transactions in securities, by their nature, are associated with risks which, in extreme cases may lead to the total loss of the money invested. Depending on the risk profile of the investor, the purchase of stocks described may be unsuitable for the individual investment strategy. A decision in relation to the anticipated sales offer for stocks of the companies named in the document should be made exclusively on the basis of information in the prospectus or documentation issued in relation with offers of this kind. Where interest in the securities described exists, the publisher and editor advise research and the procurement of additional information on the company involved and, in particular, a personal consultation with a professional and licensed investment consultant or a bank with investment consultancy.

Particular attention is drawn to the fact that the stock price performance of the stocks described may take a different course to the one which the fundamental data of the company or the author's description may lead one to anticipate. No guarantee is given that the indicated earnings or the targets named will be achieved. Changes in the relevant assumptions on which the comments are based can lead to fundamental alterations in the assessment of the future development of the company described. As the portrayal on this domain, in the financial letter, newsletter or through research constitutes a snap-shot it must not necessarily match the future assessment following changes in the data.

We particularly refer to the fact that the publisher and authors of this domain, the financial letter, newsletter or research, associated companies of YALTA advisory GmbH, Basic Resources AG or employees of the publishers as a rule hold stocks which are contained in the sample securities account or which are otherwise discussed on this domain, in the financial letter, in the newsletter or in research and in particular which are recommended for buying or selling, and consequently a conflict of interests within the meaning of Section 34 WpHG may apply.

Stocks involvement based on credit is, on principle, regarded by the publisher as very risky. In the case of drawing on credit, sales to cover the loan value ? regardless of the future prospects of the respective company and the associated price potential ? are regarded as meaningful and necessary. Sales of stocks should always be carried out in a strictly limited way. Under no circumstances should investors chase a short-term rise in the market.

The dissemination of the domain content, the financial letter, the newsletter or the research is subject to restrictions outside of the Federal Republic of Germany. In the UK it may be made accessible only to those persons who, within the meaning of the 1986 Financial Services Act, qualify as authorised or exempted, or persons specified in accordance with Section 9 Sub-section 3 of the 1986 Financial Services Act (Investment Advertisement) (Exemptions) Order 1988 (in the amended version). It may not be transmitted to other persons or groups of persons either directly or indirectly.

Neither the content of the domain, the financial letter, the newsletter nor the research, nor a copy of this content, may be brought into, transmitted to or distributed in the United States of America or in its territories or possessions. The distribution of the content of this domain, the newsletter or the research in Canada, Japan or other jurisdictions can be restricted by law. Persons who come into possession of this publication should inform themselves of any restrictions and observe same. Any failure to observe these restrictions may represent an infringement of US American, Canadian or Japanese stocks laws or the laws of another jurisdiction.

Copyright for all articles and tables through Basic Resources AG/ Yalta advisory GmbH. All rights retained. The content of the domain, the financial letter, the newsletter or the research, including all their parts, is protected by copyright. Use or exploitation of any kind outside of the strict limitations of the copyright law is prohibited and punishable by law without the written permission of the publisher. This applies in particular for duplication, translation, microfilming, entry into and/or processing in electronic systems, inclusion in online services and internet services, etc. Through the use of this document and the services, you accept all exclusions of liability and all above restrictions.

Basic Resources AG / YALTA advisory GmbH retains the right to amend these General Terms and Conditions or adapt them to economic requirements at any time without prior notification.

Should individual clauses in this contract be invalid, the validity of the remaining clauses shall not be affected. With each new publication, the new Terms and Conditions apply exclusively. Court of jurisdiction shall be Frankfurt am Main.