Risk Disclosure

Legal document

C4Cu - Risk Disclosure

A42C Ltd | Company No. 16627000 | 27 Old Gloucester Street, London, WC1N 3AX

Last updated: 10 February 2026

IMPORTANT NOTICE

This Risk Disclosure is provided to help users understand the risks associated with buying, holding, selling, or taking delivery of physical copper cathodes through the C4Cu / Cooper 4 Copper platform ("Platform").

This document does not constitute financial, investment, legal, or tax advice. It should be read together with the Website Terms & Conditions, the Master Copper Sale & Allocation Agreement, the Sell-Back Policy, the Delivery Instruction & Logistics Addendum, and the Fee Schedule (collectively, the "Governing Documents").

Users are strongly encouraged to seek independent professional advice before entering into any transaction on the Platform.

1. No Investment Advice

1.1 C4Cu does not provide investment advice, financial advice, tax advice, or trading recommendations of any kind.

1.2 All decisions to purchase, hold, sell back, or take physical delivery of copper are made solely by the user at their own risk and discretion.

1.3 No information, data, chart, price indication, or commentary published on the Platform or in any C4Cu communication shall be construed as a recommendation, endorsement, or invitation to transact.

1.4 C4Cu does not assess the suitability of copper purchases for any individual user. Users should consider their own financial circumstances, objectives, and risk tolerance before transacting.

2. Market Price Risk

2.1 The price of copper is volatile and may fluctuate significantly over short periods of time. Users may experience losses, including the loss of some or all of the value of their purchase.

2.2 Copper prices are influenced by numerous factors, including but not limited to:

Global supply and demand dynamics
Industrial and manufacturing activity levels
Energy and production costs
Geopolitical events, conflicts, and trade disputes
Currency exchange rate movements
Government policies, tariffs, and trade restrictions
Speculative activity on commodity exchanges
Technological developments affecting copper demand (e.g. electrification, renewable energy)
Environmental regulations and sustainability requirements
Central bank monetary policies and interest rate changes

2.3 Historical price performance is not indicative of future results. Copper may experience prolonged periods of price decline.

2.4 The LME Cash Price used as a reference for C4Cu transactions is determined by the London Metal Exchange and is outside the control of C4Cu. C4Cu does not guarantee the accuracy, timeliness, or availability of LME pricing data.

3. Currency & Foreign Exchange Risk

3.1 Copper is priced internationally in US Dollars (USD). Users whose domestic currency is not USD are exposed to foreign exchange risk.

3.2 Fluctuations in exchange rates between the user's domestic currency and USD may materially affect the effective purchase price, the value of allocated copper, and the net proceeds of any sell-back.

3.3 C4Cu does not provide currency hedging facilities. Users bear all foreign exchange risk associated with their transactions.

3.4 Where payouts are requested in currencies other than USD (EUR, GBP, HKD), the conversion rate applied may differ from prevailing interbank rates, and currency conversion fees may apply.

4. Liquidity Risk

4.1 Sell-back of copper is provided as an option, not a guarantee. C4Cu is not obliged to repurchase copper at any time.

4.2 C4Cu may decline or delay sell-back requests due to:

Adverse or disrupted market conditions
Insufficient liquidity in the physical copper market
Operational or administrative limitations
Regulatory, compliance, or legal requirements
Ongoing identity verification or investigation
Force majeure events

4.3 Users may not be able to sell copper immediately, at a desired price, or at all. There is no secondary market for allocated copper positions on the Platform.

4.4 The minimum sell-back value (currently USD $1,000 equivalent) may prevent users with smaller positions from accessing sell-back.

5. Delivery Risk

5.1 Physical delivery is available only once the Buyer's cumulative allocated position equals or exceeds twenty-five (25) metric tonnes (25,000 kg). Most users will not reach this threshold.

5.2 Delivery is effected solely by in-warehouse transfer at an LME-approved warehouse selected exclusively by the Seller. The Buyer has no right to select, nominate, or reject the delivery warehouse.

5.3 Users are solely responsible for all costs following in-warehouse transfer, including:

Warehouse load-out and handling charges
Transportation and freight costs
Insurance during and after transit
Import duties, export duties, tariffs, and taxes
Customs clearance and brokerage fees
Storage at destination

5.4 Final delivery quantities are determined by LME warrant weights and may vary from the Buyer's recorded allocation. Such variances are settled on an actual-weight basis and the Buyer has no right of rejection on that ground.

5.5 Delivery timelines are indicative and may be affected by warehouse capacity, LME procedural requirements, regulatory approvals, or force majeure events.

6. Concentration Risk

6.1 Copper is a single commodity. Users who allocate a significant portion of their assets to copper are exposed to concentration risk.

6.2 C4Cu does not offer diversification across multiple commodities, asset classes, or financial instruments. A decline in the copper market will directly and fully affect the value of the user's allocated position.

6.3 Users should consider whether their exposure to copper is appropriate in the context of their overall financial position and should seek independent advice.

7. Operational & Platform Risk

7.1 The C4Cu Platform is provided on an "as is" and "as available" basis. The Platform may experience:

Scheduled or unscheduled downtime and maintenance
Service interruptions or degraded performance
Software bugs, errors, or defects
Data display inaccuracies or delays
Incomplete or failed transaction processing

7.2 C4Cu does not guarantee uninterrupted, error-free, or secure platform availability. Users should not rely on the Platform being available at any specific time.

7.3 In the event of a platform failure or error, transactions may be delayed, reversed, or cancelled. C4Cu shall not be liable for losses arising from platform unavailability or technical failures.

8. Cybersecurity & Technology Risk

8.1 The Platform, like all online systems, is subject to cybersecurity risks including but not limited to:

Hacking, phishing, and social engineering attacks
Distributed denial-of-service (DDoS) attacks
Malware, ransomware, and other malicious software
Data breaches or unauthorised access to personal data
Man-in-the-middle or session hijacking attacks

8.2 While C4Cu implements appropriate technical and organisational security measures, no system is completely immune to cyber threats. Users are responsible for maintaining the security of their own devices, credentials, and access points.

8.3 C4Cu shall not be liable for losses resulting from compromised user credentials, unauthorised access to user accounts caused by the user's negligence, or cyberattacks beyond C4Cu's reasonable control.

9. Counterparty & Third-Party Risk

9.1 C4Cu relies on third-party service providers for critical functions, including:

Payment processing and banking services
LME-approved warehouse operators
Logistics and transportation providers
Data feeds and pricing sources (including the LME)
Identity verification (KYC) and compliance providers
Cloud hosting and IT infrastructure providers

9.2 Failures, delays, insolvencies, or service interruptions by third-party providers may directly affect the Platform, transactions, sell-back processing, or delivery timelines.

9.3 C4Cu does not guarantee the performance, reliability, or solvency of any third-party provider and shall not be liable for losses arising from third-party failures.

10. Regulatory & Legal Risk

10.1 Laws and regulations affecting commodities, payments, digital platforms, taxation, data protection, and cross-border transactions may change at any time and in any jurisdiction.

10.2 Such changes may impact:

The legality or availability of the Platform in certain jurisdictions
Transaction processing, payment methods, or settlement procedures
Sell-back or delivery options and timelines
Tax treatment of copper purchases, holdings, or disposals
Reporting requirements imposed on C4Cu or on users
Import or export restrictions on physical copper

10.3 C4Cu may be required to suspend, restrict, or terminate services in response to regulatory changes, legal proceedings, or government orders, with or without notice.

10.4 Users are solely responsible for ensuring that their use of the Platform and participation in transactions complies with all applicable laws and regulations in their jurisdiction.

11. Sanctions & Anti-Money Laundering Risk

11.1 C4Cu is committed to compliance with applicable sanctions regimes, anti-money laundering (AML), and counter-terrorist financing (CTF) regulations.

11.2 C4Cu may be required to freeze, suspend, or terminate accounts and withhold funds where:

A user or associated party is identified on a sanctions list
Suspicious activity is detected or reported
A regulatory or law enforcement authority requires action

11.3 C4Cu shall not be liable for any losses, delays, or consequences arising from compliance with sanctions, AML, or CTF obligations.

12. Fee & Cost Risk

12.1 Users are subject to fees as set out in the Fee Schedule, including but not limited to:

Purchase premiums (currently 5% above LME Cash Price)
Sell-back administration fees (currently USD $75)
Physical delivery administration fees (currently 5% of delivery value)
Dormant account reactivation fees (currently USD $75)
Third-party payment processing fees
Currency conversion costs

12.2 Fees may be amended from time to time. Users should review the Fee Schedule regularly.

12.3 Cumulative fees may materially reduce the net value of a user's position or sell-back proceeds. Users should factor all applicable fees into their assessment before transacting.

13. Dormant Account Risk

13.1 An account with no login or transaction activity for twelve (12) continuous months will be classified as Dormant.

13.2 Dormant accounts are subject to a reactivation fee of USD $75. If the account remains inactive for eighteen (18) months, it will be permanently closed and all allocated copper will be forfeited with no compensation due.

13.3 Users are solely responsible for maintaining activity on their accounts. C4Cu will make reasonable efforts to notify users prior to dormancy classification, but failure to receive such notification does not affect the application of the dormancy provisions.

14. Tax & Reporting Risk

14.1 The tax treatment of copper purchases, holdings, sell-backs, and physical deliveries varies by jurisdiction and is subject to change.

14.2 Users may be liable for income tax, capital gains tax, value added tax (VAT), goods and services tax (GST), import duties, or other levies in connection with their transactions.

14.3 C4Cu does not provide tax advice and does not withhold or report taxes on behalf of users (except where required by law).

14.4 Users are solely responsible for understanding and complying with all tax and reporting obligations in their jurisdiction. Users are strongly advised to consult a qualified tax adviser.

15. Insurance Limitations

15.1 While copper held in LME-approved warehouses benefits from warehouse insurance as standard, the scope and limits of such insurance are determined by the warehouse operator and the LME, not by C4Cu.

15.2 C4Cu does not provide additional insurance coverage for allocated copper positions. Users who wish to obtain additional coverage must arrange and fund their own insurance.

15.3 Following in-warehouse transfer (delivery), all insurance responsibility passes to the Buyer.

16. Force Majeure

16.1 C4Cu shall not be liable for any failure or delay in performing its obligations where such failure or delay results from circumstances beyond its reasonable control, including but not limited to:

Natural disasters, epidemics, or pandemics
War, terrorism, civil unrest, or sanctions
Government actions, embargoes, or trade restrictions
Strikes, labour disputes, or industrial action
Failures of telecommunications, internet, or utility services
LME closures, suspensions, or rule changes
Cyberattacks or systemic technology failures

16.2 During a force majeure event, C4Cu's obligations shall be suspended for the duration of the event. C4Cu will use reasonable endeavours to mitigate the impact and resume normal operations as soon as practicable.

17. No Guarantees

17.1 C4Cu makes no representations, warranties, or guarantees, whether express or implied, regarding:

The direction, magnitude, or timing of copper price movements
Profitability or return on any purchase
Liquidity or the ability to sell back at any time or price
The timing, availability, or cost of physical delivery
The accuracy or completeness of information on the Platform
The uninterrupted availability of the Platform or any service

17.2 Past market behaviour, historical performance, and any projections or forecasts are not indicative of future performance.

17.3 Any testimonials, case studies, or illustrative examples presented on the Platform or in marketing materials are for informational purposes only and do not guarantee similar results.

18. Independent Advice

18.1 C4Cu strongly recommends that all users seek independent financial, legal, and tax advice before entering into any transaction on the Platform.

18.2 Users should not rely solely on information provided by C4Cu when making purchasing, holding, sell-back, or delivery decisions.

18.3 The decision to purchase, hold, or dispose of copper is a personal decision that should take into account the user's individual financial circumstances, risk tolerance, investment objectives, and tax position.

19. User Responsibility

19.1 Users are solely responsible for:

Reading, understanding, and complying with all Governing Documents
Seeking independent professional advice where appropriate
Ensuring compliance with all applicable local, national, and international laws and regulations
Maintaining the security of their account credentials and personal devices
Monitoring their account activity and allocated copper positions
Understanding and accepting all risks described in this Risk Disclosure
Reporting any suspected unauthorised access or errors promptly to C4Cu

20. Limitation of Liability

20.1 To the maximum extent permitted by applicable law, C4Cu, its directors, officers, employees, and agents shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from or in connection with the user's use of the Platform or participation in any transaction.

20.2 Without limiting the foregoing, C4Cu shall not be liable for any loss of profit, loss of revenue, loss of opportunity, loss of data, or any financial loss arising from market movements, platform unavailability, third-party failures, or force majeure events.

21. Acceptance

21.1 By registering an account on the C4Cu Platform, accessing the Platform, or entering into any transaction, users acknowledge and confirm that they have:

Read this Risk Disclosure in its entirety
Understood the risks described herein
Accepted that copper purchases involve a risk of loss, including loss of the entire purchase value
Made their own independent assessment of whether transacting on the Platform is appropriate for them

21.2 Users who do not understand or do not accept the risks described in this Risk Disclosure should not use the Platform or enter into any transaction.

22. Governing Law

This Risk Disclosure is governed by and construed in accordance with the laws of England & Wales. The courts of England & Wales shall have exclusive jurisdiction over any disputes arising in connection with this document.

23. Contact

For queries relating to this Risk Disclosure, contact:

Email: support@c4cu.com

A42C Ltd, 27 Old Gloucester Street, London, WC1N 3AX