Gray Trading Services - Legal Risk Disclosure

Risk Disclosure Document

IMPORTANT: Please read this legal risk disclosure carefully. By investing in the Gray Digital Trading Services, also known as the "Algo Trading Bot" (the "Services"), you acknowledge and accept the risks outlined below. If you have any questions or concerns, consult with a professional financial advisor before making any investment decisions.

1. Investment Risk: Investing in the Services involves risk, including the potential loss of the principal amount invested. The value of the investments managed by the Services may fluctuate, and there is no guarantee that the Services will achieve their investment objectives. Past performance is not indicative of future results.

2. Market Risk: The value of the investments managed by the Services may be adversely affected by changes in market conditions, such as economic, political, or other factors, which can lead to declines in the overall value of the investments.

3. Algorithmic Trading Risk: The Services rely on algorithmic trading models. While these models are designed to perform in a variety of market conditions, there can be no assurance that they will perform as expected. Models may fail to predict market movements accurately, leading to investment losses.

4. Liquidity Risk: Investments made by the Services may be subject to liquidity risk, which means that there may not be a ready market to sell an investment when desired, potentially leading to losses.

5. System Risk: The Services are dependent on the uninterrupted operation of the computer systems used to execute trades. In the event of a system failure, the Services may suffer substantial trading losses.

6. Currency Risk: The Services may invest in securities denominated in currencies other than the base currency of the Services. As a result, changes in exchange rates may affect the value of the investments.

7. Regulatory Risk: Changes in laws, regulations, or government policies may affect the operations, investments, or performance of the Services. The Services cannot predict the impact of such changes, which may be adverse.

8. Operational Risk: The Services may be subject to operational risks, such as human error, system failures, or other disruptions, which could negatively affect the Services' performance.

9. Leverage Risk: The Services may use leverage, which can magnify both gains and losses. The use of leverage may result in the Services experiencing greater losses than if it had not used leverage.

Investors should carefully consider their investment objectives, risk tolerance, and financial circumstances before investing in the Fund. The risks outlined above are not exhaustive, and investors should review the Fund's offering documents for a more complete discussion of the risks associated with investing in the Fund.

By investing in the Gray Digital Trading Services, also known as the "Algo Trading Bot," you acknowledge that you have read, understood, and accepted the risks detailed in this legal risk disclosure.