Ten Tigers Grain Marketing Pty Ltd

This licence authorises the licensee to carry on a financial services business to:

provide financial product advice for the following classes of financial products:

derivatives limited to:

derivatives relating to the wholesale price of grain only; and

foreign exchange contracts; and

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:

derivatives limited to:

derivatives relating to the wholesale price of grain; and

other derivatives which are entered into for the purpose of managing a financial risk that arises in the ordinary course of the activities of the person where the person:

is not making a market for any such derivatives; and

is only dealing in any such derivatives on the person's own behalf; and

foreign exchange contracts; and

applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

derivatives limited to:

derivatives relating to the wholesale price of grain; and

other derivatives which are entered into for the purpose of managing a financial risk that arises in the ordinary course of the activities of the person where the person:

is not making a market for any such derivatives; and

is only dealing in any such derivatives on the person's own behalf; and

foreign exchange contracts;

to retail and wholesale clients.