DIVERSIFICATION: We recommend that rare coins and bullion be part of a diversified investment portfolio. We believe that coins and bullion are appropriate for 10% to 20% of a portfolio. (If you choose to invest more than this recommended amount, you should first consult your independent financial advisor before proceeding with your acquisitions.) Certain individuals or organizations may recommend a different percentage.

IRA ACCOUNTS: Northbridge Gold & Silver Exchange may refer clients to companies that provide trustee and custodian services for Individual Retirement Accounts ("IRA"). NGSE is independent from and not affiliated with any of these IRA companies. The client is responsible for independently selecting the IRA company suitable for the client. NGSE does not share or assume responsibility for any loss or damage resulting from a client's relationship with the IRA company. Only certain coins may be held in a precious metals IRA. Many clients choose to purchase proof U.S. coins for their IRAs. You should know that proof coins carry numismatic or rare coin spreads.   Tax laws are complex and may change at any time. You should consult with your tax advisor about whether including precious metals in your IRA is right for you.

DELIVERY: All packages shipped to our clients are insured (shipments of less than $1,000 are self-insured by NGSE).  Generally, your acquisitions will be shipped within 48 hours of payment of good funds (unless your State requires a different delivery period). If a shipment is lost or damaged, at NGSE's option, we will either replace the items or refund your purchase price.Please inspect the shipment thoroughly upon receipt to ensure you have received your order and that the items track the description on your delivery invoice. Any variance from your order must be reported within (5) days of receipt of your shipment and you must have all original packing materials intact.

CREDIT CARD PURCHASES: NGSE accepts payment by credit cards for some products as a convenience to its clients. However, we do not recommend that you go into credit card debt to make a purchase with NGSE.

GROWTH PROJECTIONS: Northbridge Gold & Silver Exchange may advise clients about forecasts made by members of our staff or third parties regarding the future prices of precious metals or the products sold by NGSE. In making those projections, NGSE's staff members will normally consider the following factors:

• Past performance: While past performance is a useful guide, it is not a guarantee of future results. We frequently assume that if rare coins or bullion made gains under certain economic conditions in the past, they have the potential to appreciate when similar conditions exist in the future.
  
  
• Economic forecasts: It is impossible to predict future price trends or economic conditions. However, we apply research, common sense, and logic in an effort to forecast future trends. We believe these trends are a useful guide in evaluating the future potential for rare coins and bullion.
  
  
• Supply and demand: We believe that fundamental market forces will generally prevail. Therefore, we take into consideration changing supply and demand factors and our expectation of future trends of supply and demand.

There is no assurance that our growth projections will be achieved and it is also possible for prices to decline. We do not guarantee our forecasts or projections, but we strive to provide you with analysis that we believe is well thought out and sincerely reflects our opinion. You should also know that different market factors may influence the value of a specific coin or currency. For example, the value of a numismatic coin may be affected by such factors as grade, scarcity and demand in the marketplace while the value of a bullion coin is closely tied to the spot market for that coin. Past performance and growth projections for a specific coin or type of coin (or currency) may not apply to other types of coins that NGSE may offer.

RISK: All investments involve risk - coins, currency and bullion are no exception. The precious metals, rare coin and rare currency markets are speculative, unregulated and volatile and prices for these items may rise or fall over time. Northbridge Gold & Silver Exchange does not guarantee that any client buying for investment purposes will be able to sell for a profit in the future. The value of a bullion coin (e.g., Canadian Maple Leaf or South African Krugerrand gold coin) is largely determined by the current spot or market price of bullion. This price fluctuates throughout the trading day. The value of a numismatic or rare coin is determined by multiple factors which can and do fluctuate independently from bullion prices. These factors include: the perceived scarcity of the coin, its quality, current demand, market sentiment, and economic factors.

Bullion, rare coins and rare currency can go down as well as up in value. These items may not be suitable for everyone. NGSE does not determine the suitability of any specific person to purchase rare coins, bullion or rare currency. You should consult with your independent financial advisor regarding whether an investment in rare coins, bullion or rare currency is right for you. You should not acquire any products from NGSE if you are not competent or qualified to make your own financial decisions. You should obtain a thorough understanding of the coin and bullion products before you acquire these products as a collector or investor. The investment value of a rare coin depends in large part on the price you pay. If you are acquiring any of NGSE's products as an investment, you should evaluate its current market value, potential for appreciation and liquidity and consult independent sources regarding these factors. Since rare coins, bullion and rare currency can decline in value, you should have adequate cash reserves and disposable income before considering acquiring a coin, currency or precious metals. We do not recommend early withdrawal from accounts or securities which may result in substantial penalties or fees. You should consult with your independent financial advisor before disposing of any security, annuity, Certificate of Deposit or other investment to acquire rare coins, currency or bullion. Northbridge Gold & Silver Exchange is not responsible for any changes in tax laws or other statutes which may affect any profit or salability of your coins or currency.

REFUND POLICY: For your protection and convenience, Northbridge Gold & Silver Exchange provides clients with the right to a refund on their first transaction for coins and currency without any reason whatsoever (this refund policy does not apply to bullion purchases.) To receive a refund, the client must notify NGSE of his or her cancellation of their first transaction within seven (7) calendar days from the date the written trade confirmation is mailed to the customer (based upon the postmark) or delivered to a third-party carrier such as FedEx. Notice must be in writing via U.S. Mail, facsimile, or email and sent no later than the last day of the refund period as determined by the post-mark if mailed, date of fax transmission if faxed, or date of email as set forth in the email header. All other transactions are final upon taped confirmation by a NGSE representative and are not subject to cancellation. (Your State may have additional refund and cancellation rules which supersede NGSE's refund policy, above; please consult NGSE's Account and Storage Agreement as well as the terms and conditions set forth on the back of your trade confirmation for specific rules which may apply to your purchase.) If you do not pay for your order and do not have a right to cancel, NGSE may at its option liquidate a portion of your stored holdings and apply the proceeds to your unpaid order in accordance with NGSE's Account and Storage Agreement. In addition, NGSE may place your account in bad standing which means NGSE may not repurchase your coins or currency.

GRADING: Our company uses the numerical Mint State (MS) grading system which rates uncirculated rare currency and uncirculated coins from MS-60 to MS-70. Typically, the higher the grade, the more a coin or currency is worth. The grade assigned to a coin reflects its strike, luster, marks, scratches, and overall eye appeal. Grading is a subjective art and subject to the opinion of the person grading the coin or currency. Thus, grading can and does vary from rare coin firm to rare coin firm, from grading service to grading service, and from expert to expert. A difference of one grade (e.g., MS64 to MS65) can result in a significant change in the valuation of a rare coin or currency. Grading standards may continue to change, becoming more or less stringent. Grades and descriptions of rare coins and currency are opinions, not statements of fact or guarantees, and are based on standards and interpretations that can and do change over time. When you acquire a coin or currency from NGSE that is independently graded by a third party grading service, such as Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) for coins and Currency Grading & Certification Incorporated (CGC), Paper Money Guaranty (PMG) or PCGS Currency for rare currency, please note that NGSE relies entirely on the expertise/determination of the grading service. In addition, we rely upon definitions provided by these independent grading services, including definitions of such terms as PCGS' "First Strike®" which refers to coins packaged and delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product. We do not re-grade or independently evaluate the product's grade in its sealed holder, although from time to time NGSE does remove products from their sealed holder and re-submits them to the grading services. NGSE reserves the right to deliver independently graded coins that have been graded by an independent grading service of NGSE's choice, such as PCGS or NGC. NGSE guarantees that the rare coins and other items it sells are genuine. NGSE expressly disclaims any other warranties with respect to coins or other items, express or implied, including the implied warranties of merchantability and fitness for a particular purpose.

LIQUIDATION/BUY-BACK POLICY: When you decide to sell your coins or currency, we appreciate the opportunity to purchase them at our current bid/buy price. Although you are free to sell to other coin dealers by private treaty or at auction through one of the many rare coin auction houses, we believe that you will receive a higher net amount by selling to us because we are familiar with the quality and marketability of the items we sell, and do not charge any additional fees or commissions other than the 1% liquidation fee when making such purchases. Depending upon market conditions and your original purchase price, you may receive less than what you paid for the coins and currency.

The law prohibits us from guaranteeing to repurchase the coins we sell, although we have always made buy-sell markets in bullion and rare coins we offer. Therefore, our buy-back policy is not a guarantee and is subject to change without notice. We post our price indications on bullion and bullion coins on weekdays and will quote them upon request. You can call us for current price indications. On bullion, semi-numismatic and rare coins and rare currency, it is our policy to offer to repurchase coins sold by us at the then current bid/buy price. A lower bid price is generally offered for products not originally sold by NGSE. While our company is not obligated to do so, we continue to make a market for the coins we sell, have historically done so, and intend to continue to do so in the future.

FOR YOUR PROTECTION: Telephone calls may be monitored and/or recorded in an effort to assure quality control and policy compliance. Your privacy is important to us. If at any time you no longer wish to be contacted by a NGSE representative, please call or write to us and ask to be placed on our Do Not Call list. If at any time you receive information that is inconsistent or contrary to the information contained here, you should immediately contact NGSE at 1-386-445-1332. Please do not proceed with any transaction until your questions or concerns have been fully answered. Please make all payments payable to NGSE. Please do not send cash. Your payment options are: Bank wire, cashiers check, personal check and credit card. Please no money orders or Traveler's Checks. All metal/coins/currency must be sent U.S. Postal Service (registered insured, return receipt requested) to: NGSE, LLC, 1 Florida Park Drive S., Suite #226, Palm Coast, FL 32137. Check with your Account Executive for special packaging and address requirements. Please promptly notify us in writing if you change your address or want to change your account title and include a signature guarantee or notarized letter plus a copy of your driver's license or a utility bill. Be sure to include your account number and sign all correspondence. This risk/disclosure is updated periodically. It is the responsibility of the client to keep up to date by either requesting a copy or by checking our website at www.northbridegeexchange.com

SUMMARY: We strongly recommend that you acquire a sound understanding of precious metals, coins, and their markets before you make your first purchase. Be prepared to invest some time and effort into understanding the market and the grading of your coins or currency. Do not commit more than 15% to 20% of your investment funds to rare coins or precious metals. Protect your future with a diversified portfolio that meets your objectives for safety, liquidity, and growth. Recognizing that all markets have their ups and downs. Perform your due diligence and let reason and common sense be your guide.