ORDER EXECUTION POLICY

1. Introductions

1.1 This best execution policy (“Policy”) is issued in line with international best practice principles on best execution of trades that applies to CoinLife.

1.2 This Policy provides an overview of the manner in which CoinLife, through its third party dealer or relevant market participant or market makers, executes orders, the factors that can affect the timing of execution and the way in which market volatility plays a part in handling orders when buying or selling a financial instrument.

1.3 The Policy applies to CoinLife's execution of orders of clients on Webtrader with the relevant market participants and/or third-party service providers and/or market makers.

1.4 Where CoinLife provides a quote to a client or negotiates the terms of an Over-the-Counter ("OTC") transaction with CoinLife as counter party, CoinLife will normally not be acting on the client's behalf and the Policy will therefore not apply.

1.5 Upon acceptance of a client order and when there is no specific client instruction regarding the execution method, CoinLife will execute an order in accordance with the Policy.

2. Financial Instruments to which this Policy Applies

2.1 The Policy applies to financial instruments and products including Securities, Exchange Traded Funds ("ETFs") Foreign Exchange Forwards. Some of these products are due to their nature traded OTC.

3. CoinLife’s Approach to Best Execution

3.1 When executing orders CoinLife, through its third party dealer or relevant market participant,will take all reasonable steps to obtain the best possible result under the circumstances for the client taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order ("Best Execution").

3.2 When considering the best executing factors, CoinLife will through its third-party dealer or relevant market participant take into account:

3.3 When CoinLife, through its third-party dealer or relevant market participant, executes orders on behalf of clients, Best Execution is determined on the basis of the total consideration paid by the client, unless the objective of execution of the order dictates otherwise.

3.4 Whenever there is a specific instruction from or on behalf of a client, CoinLife, through its third-party dealer or relevant market participant, will to the extent possible - execute the order in accordance with the specific instruction. A specific instruction from a client may prevent CoinLife, through its third-party dealer or relevant market participant, from taking the steps that it has described in the Policy to obtain the best possible result for the execution of orders. Trading rules for specific markets may also prevent CoinLife from following certain of the client's instructions. Tothe extent that a client instruction is not complete, CoinLife, through its third-party dealer or relevant market participant, will determine any non-specified components of the execution in accordance with the Policy.

4. Elements of Best Execution

4.1 The procedure for routing determinations is mainly based on four criteria and is regularly reviewed by CoinLife. Hence to determine the best way to execute an order for a client CoinLife takes into consideration:

5. Execution of Client Orders

5.1 CoinLife, through its third-party dealer or relevant market participant, uses automated systems to route and execute client orders. When a client order is received by CoinLife, it is routed to the execution venue that CoinLife considers to generally provide the Best Execution or kept in house for products which CoinLife trades against its own proprietary desk (e.g. some OTC& CFD products). CoinLife may execute orders outside regulated markets and multilateral trading facilities.

5.2 For instruments admitted to trading and official listing on a regulated market or stock exchange (i.e.Securities and ETFs), CoinLife routes orders to the exchange via its third-party service providers for execution.

5.3 For OTC products (CFD Contracts), CoinLife will trade (as principal) against its own proprietary desk and may in turn route its own orders to other market maker firms.

5.4 The client’s orders may at the discretion of CoinLife be aggregated with CoinLife’s own orders, orders of any of CoinLife’s associates and/or other clients. Furthermore, CoinLife may split the client’s orders as well as aggregate orders before executing such. Orders will only be aggregated or split where CoinLife reasonably believes it to be unlikely that the aggregation or split generally will be detrimental to any client. Aggregation and split may in single occasions result in the client obtaining a less favourable price than if the client’s orders had been executed separately or together, as applicable.

5.5 There may be delays in execution of orders, including orders placed through online trading systems.Some orders placed through online trading systems may be handled manually. When high traffic in electronic orders causes a back log, CoinLife, as well as market makers, market participants and third party service providers to which orders are sent for execution, must sometimes discontinue normal automatic execution procedures and turn to manual execution, leading to possible delay in execution. In order to minimize such a risk, CoinLife, through its third-party dealer or relevant market participant, has in place procedures and arrangements which to the furthest extent possible provide for the prompt, fair and expeditious execution of client orders.

6. List of Execution Venues Currently Used

6.1 CoinLife uses a number of external financial institutions and brokers in the process of receiving and relaying orders or to directly execute listed financial instruments.

7. Effect on Order Execution

7.1 Clients should be aware of the following risks associated with volatile markets, especially at or near the open or close of the standard trading session:

8. Types of Orders

8.1 Given the risks that arise when trading in volatile markets, the client may want to consider using different types of orders to limit risk and manage investment strategies. (It should be noted that the following descriptions of order types may apply only to some and not all types of financial instruments).

8.2 Market Order: With a market order the client instructs a financial institution or trading counter party to execute a trade of a certain size as promptly as possible at the prevailing market price. Financial institutions are required to execute market orders without regard to price changes. Therefore, if the market price moves significantly during the time it takes to fill a client’s order, the order will most likely be exposed to the risk of execution at a price substantially different from the price when the order was entered. Certain stock exchanges do not support market orders. If the client places a market order in these markets, CoinLife will automatically translate the order to an aggressive limit order withina certain percentage limit "in the money". It is the clients' own responsibility to check if the order is traded in the market after order entry. If the client experiences or suspects any errors with his/her order the client should contact CoinLife immediately. Some of CoinLife’s third party execution brokers may choose to translate market orders on various markets into aggressive limit orders 3 – 5 % in the money. This is often a result of exchange rules applied to protect clients from"bad fills". CoinLife cannot be held responsible for missing fills due to such translation performed by third party execution brokers.

8.3 Limit Order: With a limit order, the client sets the maximum purchase price, or minimum sale price, at which the trade is to be executed. As a limit order may be entered away from the current market price, it may not be executed immediately. A client that leaves a limit order must be aware that he/she is giving up the certainty of immediate execution in exchange for the expectation of getting an improved price in the future. Limit orders may be routed to an exchange without human intervention.

8.4 Stop Order: Different from a limit order, a stop order allows selling below the current market price or buying above the current market price if the stop price is reached or breached. A stop order is there fore a "sleeping" order until the stop price is reached or breached.

9. Regular Review of Execution Quality and of Execution Venues

9.1 CoinLife will endeavour to review the Policy annually and whenever a material change occurs that affects CoinLife's ability to obtain the best possible result for the execution of client orders.

9.2 CoinLife endeavours to regularly review the overall quality of its order executions and its order routing practices, including its order routing vendors and the available exchanges. CoinLife will amend the Policy on the basis of such reviews if it considers it to be necessary. Any new policy will be made available on CoinLife's website and will be in force as from its publication date.

10. CoinLife’s General Business Terms

The Policy is subject to CoinLife’s Terms and Conditions other business terms from time to time governing the relationship between the client and CoinLife.