7. Taxes

1. You are solely responsible for determining, reporting and paying any Taxes under the Applicable Laws that may arise from the transactions made and/or your use of the Services, in accordance with the Applicable Laws. XREX does not provide investment, legal, financial, business or tax advice in connection with your transactions and is not responsible for determining whether any Taxes apply to your transactions, or for collecting, reporting or remitting any Taxes arising from any transaction. It is your responsibility to check with your local tax advisor to determine which Taxes apply to you (if any), and it is your responsibility to pay such Taxes to the appropriate tax authority. You agree that XREX may report information relating to your transactions, payments, transfers, or distributions to the relevant tax or governmental authority, to the extent such reporting is required by Applicable Laws.

2. All liabilities of you to us (including payment for any fees relating to the Services) are to be made free and clear of, and without any deduction or withholding for and on account of, any Taxes, duties or other deductions. Any such deduction or withholding, if required by the laws of any country or taxation authority shall be your sole responsibility. If any such deduction or withholding is required, you agree to increase the sum payable to XREX to ensure that XREX receives the full amount which would have been due to XREX, had no such deduction or withholding been required.

3. XREX may withhold any applicable Taxes from your transactions, payments, distributions made or deemed made to you, where such withholding is required by Applicable Laws. From time to time, XREX may request tax documentation or certification of your taxpayer status. Failure to comply with this request within the timeframe notified may result in withholding and/or remission of Taxes to the tax authority as required by the Applicable Laws.