The purpose of the Performance Update newsletter is to
offer ideas and educational samples of strategies through the use of RINA Systems software applications. The strategies described in the Performance
Update newsletter are not intended to be used as actual trading strategies, but are included for educational purposes only. No offer or solicitation
to buy or sell securities, commodities or securities derivative products of any kind, or any type of trading or investment advice, recommendation or
strategy, is made, given or in any manner provided by RINA Systems or any of its affiliates. If such advice is sought, the services of a licensed
professional should be obtained. Past performance, whether actual or indicated by historical, simulated tests of strategies, is no guarantee of
future performance or success. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record simulations
do not represent actual trading. Also since the trades have not actually been executed the results may have under - or over - compensated for the
impact if any, of certain market factors such as liquidity. Simulated trading programs in general are also subject to the fact that they are designed
with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
There is a significant risk of loss involved in futures and securities trading. RINA Systems, Inc. will not be responsible for any losses or lost
profits resulting from investment decisions based on any RINA Systems product or service information obtained through use of any RINA Systems product
or service or otherwise. TradeStationŽ and EasyLanguageŽ are registered trademarks of TradeStation Technologies, Inc.
