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Legal Disclosures and Disclaimers

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. THEY GOVERN YOUR USE OF THIS WEB SITE. BY USING THIS WEB SITE, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS DESCRIBED BELOW, AS THEY MAY BE MODIFIED BY SEA CLIFF CAPITAL FROM TIME-TO-TIME WITHOUT NOTICE AND POSTED ON THIS WEB SITE. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS DESCRIBED BELOW, YOU SHOULD NOT ACCESS OR USE THIS WEB SITE.
The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject the Sea Cliff Capital ("Sea Cliff Capital") or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by Sea Cliff Capital to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service

Sea Cliff Capital does not provide securities brokerage or investment advising services. Sea Cliff Capital is not registered as a securities broker/dealer with either the U.S. Securities and Exchange Commission (SEC) or with any state or provincial securities regulatory authority. Sea Cliff Capital is not a licensed broker, broker/dealer, market maker, investment banker, investment advisor, analyst, or underwriter. Sea Cliff Capital may not directly sell, offer to sell or offer to buy any securities. Sales of securities are through the issuer or a registered broker-dealer. The content of this Web site is provided for informational purposes only, and should not be construed as investment advice. The information contained herein should not be considered as an offer to buy or sell securities. The necessary broker/dealer services related to the operation of Sea Cliff Capital's Website, may not be construed as offers to sell or solicitations of offers to buy any securities of any company by Sea Cliff Capital. Such offers are provided directly by the issuer or a registered broker/dealer.

Each user of this Web site agrees as follows:

1. Copyrights and Other Intellectual Property. Except as otherwise noted in this Web site, all information, documentation and other content posted in this Web site (collectively, the "Information") is the property of Sea Cliff Capital. Without limiting the foregoing, the graphics, logo, icons and overall appearance of this Web site are the property of Sea Cliff Capital.

2. Links to Other Web sites. Periodically, links may be established between this Web site and one or more Web sites operated or content provided by third parties. For purposes of these Terms and Conditions, the term "link" includes both outlinks (hypertext links to external Web sites or content) and inlinks (hypertext links which draw material from other sources into this Web site). Sea Cliff Capital has no control over any such other Web sites or their contents and will have no liability arising out of or related to such Web sites or their contents. The existence of any such links does not constitute an endorsement of such Web sites, the contents of the Web sites or the operators of the Web sites. Sea Cliff Capital is providing these links to you only as a convenience.

3. Non-Confidentiality of Communications. Any communication or material that you transmit to our site, by electronic mail or otherwise, including any data, questions, comments, suggestions or the like, is, and will be treated as, non-confidential and non-proprietary information. Sea Cliff Capital may use such communication or material for any purpose whatsoever as Sea Cliff Capital deems appropriate in its sole judgment, including, but not limited to, reproduction, disclosure, transmission, publication, broadcast and further posting. Further, Sea Capital is free, without payment of compensation to you, to use any ideas, concepts, know-how or techniques contained in any communication or material you send to our Web site for any purpose whatsoever.
4. Web site Availability. This Web site may be unavailable from time to time due to mechanical, technical, software, hardware or third-party vendor failures, updating or construction. Sea Cliff Capital cannot predict or control when such downtime may occur and cannot control the duration of such downtime. Sea Cliff Capital may alter, suspend, or discontinue this Web site at any time for any reason, without notice or cost.
Disclaimer of Warranty
The content of this Web site is provided solely for informational purposes. The information, opinions and analysis included herein are based on sources believed to be reliable and provided in good faith. Sea Cliff Capital makes no representation or warranty, expressed or implied, as to the accuracy, completeness or correctness of the information, opinions and analysis contained herein. Certain of the posted information contains forward-looking statements that involve risks. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Sea Cliff Capital nor its officers, directors, shareholders, partners, employees, agents, representatives or consultants ("Representatives") accept liability whatsoever for any direct, indirect or consequential loss arising from any use of this Web site or its contents. Accordingly, you agree to hold harmless Sea Cliff Capital and its Representatives from any damages, losses, charges, actions, fees, expenses or other costs ("Damages") you incur relating in any way to your use of the information contained on this Web site unless such Damages are caused by the willful misconduct of Sea Cliff Capital.