ICAP SEF and Link Securities Hong Kong Limited

FROM : ICAP SEF (US) LLC

BROKER : LINK SECURITIES HONG KONG LIMITED

ANY PREEXISTING AGREEMENTS BETWEEN THE COUNTERPARTIES THAT ARE NOT INCONSISTENT WITH THIS CONFIRMATION OR THE ICAP SEF (US) RULEBOOK, ARE HEREBY DEEMED INCORPORATED BY REFERENCE.

THE TRANSACTION SHALL BE GOVERNED BY NEW YORK LAW, EXCEPT THAT GOVERNING LAW FOR PREEXISTING AGREEMENTS BETWEEN THE COUNTERPARTIES IS AS MAY BE OTHERWISE AGREED BETWEEN THE PARTIES.

PLEASE INFORM US IMMEDIATELY OF ANY QUERY OR DISCREPANCY ON THIS CONFIRMATION OR THE NON RECEIPT OF AN ANTICIPATED CONFIRMATION. ANY REQUEST FOR REVIEW MUST BE MADE TO THE SEF [I] FOR AN UNCLEARED PRE-ARRANGED CROSS, WITHIN ONE [1] BUSINESS DAY OF THE EXECUTION OF SUCH TRANSACTION, AND [II] FOR ANY OTHER TRANSACTION EXECUTED ON THE SEF, WITHIN 15 MINUTES OF THE SEF'S EXECUTION OF THE TRANSACTION. ICAP SEF (US) AND ITS AFFILIATES PROVIDING SERVICES TO THE SEF ACCEPT NO LIABILITY FOR THE COMMERCIAL ADVISABILITY OF THIS TRANSACTION. THIS CONFIRMATION SUPERSEDES ANY PREVIOUS AGREEMENTS BETWEEN THE COUNTERPARTIES REGARDING THE TERMS OF THE TRANSACTION OTHER THAN AS MAY BE INCOPORATED HEREIN. IF A CONFIRMATION RELATING TO THE TRANSACTION SPECIFIED HEREIN IS DELIVERED TO YOU BOTH VIA A THIRD PARTY OR THIRD-PARTY SERVICE [SUCH AS MARKITWIRE, RTNS, ECONFIRM OR CONFIRMHUB] [EACH, A "THIRD-PARTY CONFIRMATION"] OR DIRECTLY AS A BILATERAL CONFIRMATION FROM YOUR COUNTERPARTY, AS WELL AS SEPARATELY FROM ICAP SEF (US) [WHETHER DIRECTLY OR VIA ANY BROKER SPECIFIED HEREIN], THEN THE CONFIRMATION DELIVERED BY ICAP SEF (US) SHALL BE DEEMED TO BE THE LEGALLY BINDING CONFIRMATION OF ICAP SEF (US) RELATING TO SUCH TRANSACTION, AND NOT THE THIRD-PARTY CONFIRMATION. TRANSACTIONS EXECUTED AS CLEARED TRANSACTIONS ARE VOID AB INITIO AND WILL BE CANCELED BY ICAP SEF (US) IF NOT ACCEPTED FOR CLEARING IN ACCORDANCE WITH THE ICAP SEF (US) RULEBOOK.

ICAP SEF (US) IS NOT A PRINCIPAL TO THE TRANSACTION AND IS NEITHER LIABLE NOR RESPONSIBLE FOR THE DUE PERFORMANCE OF ANY OF THE TERMS SET OUT ABOVE. IN THE EVENT OF A DISPUTE, THE COUNTERPARTIES SHALL HOLD ICAP SEF (US) AND ITS AFFILIATES PROVIDING SERVICES TO THE SEF HARMLESS FROM ANY LIABILITY ARISING OUT OF THEIR OPERATION OF THE SEF AND/OR PLEASE INFORM US OF ANY QUERY OR DISCREPANCY ON THIS CONFIRMATION OR THE NON RECEIPT OF AN ANTICIPATED CONFIRMATION WITHIN 24 HOURS OF TRADE DATE. UNLESS WE RECEIVE IMMEDIATE NOTIFICATION TO THE CONTRARY WE SHALL CONSIDER THE ABOVE