When selling financial instruments, Kenedix, Inc. complies with laws and regulations and the following policies.

1. Kenedix, Inc. will recommend financial instruments that take into consideration the customer's knowledge, experience, financial position and purpose.
2. Kenedix, Inc. will recommend financial instruments that are suitable with respect to enabling customers to reach decisions on their own.
3. Kenedix, Inc. will never use sales activities that could create a misunderstanding, such as making decisive statements about items that incorporate uncertainties and supplying information that is not based on facts.
4. Kenedix, Inc. will never perform sales activities at times that are inconvenient for customers or in locations that create problems for customers.
5. To perform sales activities properly as stipulated in this policy, Kenedix, Inc. will conduct thorough employee training programs, establish rules and use other activities.

Kenedix, Inc.