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DISCLAIMER / LEGAL NOTICE “CAPITAL-MANAGER”

This legal notice applies to the publication and activity CAPITAL-MANAGER (capital-manager.com). They are to be noted before reading the publications and are applicable.

We hereby point out that employees as well as clients (third parties) of the publication of CAPITAL-MANAGER (capital-manager.com) hold shares in securities discussed in the respective publication at the time of this publication. The intention is to sell these securities in direct connection with this publication and to participate in rising prices and turnover. CAPITAL-MANAGER (capital-manager.com) and/or its affiliated companies have entered into a fee-based agreement with the company in question or its shareholders for the preparation of the editorial review. According to the law, this constitutes a conflict of interest to which we hereby expressly draw attention. to which we hereby expressly refer. The publications of CAPITAL-MANAGER (capital-manager.com) should therefore not be regarded as independent financial analyses or even investment advice, as there are considerable conflicts of interest. The publications of CAPITAL-MANAGER (capital-manager.com) are for information purposes only and do not represent any financial analysis, but are promotional texts of a purely promotional nature for the respective companies discussed, which pay a fee for this. No consulting contract is concluded between the reader and the authors or the publisher through the subscription to CAPITAL-MANAGER (capital-manager.com) publications. The prices of securities discussed in the respective publications of CAPITAL-MANAGER (capital-manager.com) are, unless otherwise stated, daily closing prices of the last trading day prior to the respective publication.

CAPITAL-MANAGER (capital-manager.com) and its employees are also remunerated for the preparation, electronic distribution and publication of this publication and for other services. According to the law, this constitutes a conflict of interest to which we hereby expressly draw attention.

This compensation may be paid by the company about which CAPITAL-MANAGER (capital-manager.com) publishes information, by third parties affiliated with these companies, or by other third parties pursuing an interest related to the companies discussed in connection with this publication. According to the law, this constitutes a conflict of interest to which we hereby expressly draw attention. This is first of all justified by the fact that the CAPITAL-MANAGER (capital-manager.com) could carry out its executions in the interest of its client. CAPITAL-MANAGER (capital-manager.com) and/or its affiliated companies have entered into a fee-based agreement with the company in question or its shareholders to produce the editorial review. According to the law, this constitutes a conflict of interest to which we hereby expressly draw attention.

The stock market information service CAPITAL-MANAGER (capital-manager.com) is an information product of CAPITAL-MANAGER (capital-manager.com) and is aimed primarily at risk-conscious investors. The focus is particularly on growth and technology sectors in which groundbreaking upheavals and far-reaching changes are currently taking place and which are associated with major opportunities and risks. The CAPITAL-MANAGER (capital-manager.com) informs you with its publications mainly about small caps, which are listed on the TSX-V, CSE, ASX, AIM as well as on the Frankfurt Stock Exchange, the Berlin Stock Exchange or the Stuttgart Stock Exchange. These are stock market segments of the highest risk class. Due to possible low liquidity, the potentially suddenly changing news situation of the respective company during or after the publications of our corresponding information as well as low market capitalization, these stocks are highly speculative or extremely volatile and represent not only an enormous opportunity but also an equally high risk for the capital invested by the investor. An investment in individual shares is generally subject to very strong price fluctuations. The considerable opportunities are also offset by considerable risks. The shares of the companies discussed here are, like any share, subject to price change risk. In the worst case, shareholders are threatened. like any other shareholder, a total risk of loss. The investment in the shares is subject to entrepreneurial risk, as is any entrepreneurial investment and any investment in shares. If the company’s targets are not met, the worst-case scenario could be insolvency, resulting in a total loss of the share investment.

The publisher provides its subscribers with information on the website and by mail. A claim to certain contents or a certain scope of the transmitted information as well as an obligation to update for the publisher does not exist under any circumstances. Every stock investment is associated with high risks. Furthermore, an investment in securities with low liquidity as well as low market capitalization is highly speculative and represents a very high risk. A decision to invest with respect to a particular stock may not be based on the information in this marketing newsletter. All services of the CAPITAL-MANAGER information service (capital-manager.com) are provided for information purposes only.

We expressly point out that our information service and the services associated with it cannot provide or replace any binding consulting services. The publisher is not responsible for any consequences, for example losses, which may follow or and from the use from the information contained in this document. All information provided here on shares, in particular all publications of CAPITAL-MANAGER (capital-manager.com), constitute neither an offer to sell nor a solicitation to buy or sell the securities discussed. This publication does not constitute or form part of any offer to sell securities or any solicitation of any offer to buy securities and shall not be construed as such; nor shall it or any part of it form the basis of, or be relied upon in connection with, any binding contract of any kind whatsoever. A decision in connection with a prospective offer to sell securities should be made solely on the basis of information contained in stock exchange prospectuses or offering circulars issued in connection with such offers.

Due to the speculative nature of the companies presented, it is entirely possible that capital reductions, up to and including total loss, may occur in the case of investments. An investment decision regarding any security may not be made on the basis of the CAPITAL-MANAGER (capital-manager.com) publication or any other CAPITAL-MANAGER (capital-manager.com) publication. The publisher is not responsible for any consequences, such as losses, that may follow or could follow from the use of the information contained in this document. We therefore accept no liability whatsoever for financial loss. Past performance of the securities discussed or previously discussed is not a guide to future performance. The publisher does not guarantee that the stated price targets will be achieved. All information published on these pages, in the stock exchange mail and in e-mail updates has been carefully researched. This also applies to information provided to us by third parties. In doing so, we rely exclusively on sources that we consider reliable. Despite all care taken, it is unfortunately not possible to guarantee the accuracy of the data and information published on these pages. Therefore, we exclude any liability claims in principle. All texts, news and data on these pages are for the information of the visitors only and reflect only the opinion of the publisher on the day of appearance. The publisher and staff of CAPITAL-MANAGER (capital-manager.com) are not professional investment advisors. This document may not be transmitted directly or indirectly to the United Kingdom, the United States or Canada, or to U.S. persons or to any person residing in Canada or the United Kingdom, nor may it be brought into or distributed within their territories.