TERMS AND CONDITIONS OF USE

Welcome to CAPIOR's Internet Site (the "Site" or "Website"). The Site is owned and operated by CAPIOR Limited ("CAPIOR").  Access to the CAPIOR to the Site is subject to the following terms and conditions (the "Terms" or "Terms and Conditions), as defined below. For purposes of this agreement, "CAPIOR" shall mean CAPIOR Limited and its affiliates, and their officers, directors, managing directors, partners, and employees. By using or accessing the Site, you agree to be legally bound and abide by the terms and conditions set forth below and elsewhere on this Site. This Site is not intended for any use which would be contrary to local law or regulation. No portion of this Site is directed at you if CAPIOR is prohibited by any law of any jurisdiction from making the information on this Site available to you. Access to the Site is not allowed to persons coming under a jurisdiction (through their domicile, nationality or any other manner) in which its publication or availability would constitute a violation of the existing laws and regulations. In particular, the Site is not intended for residents of the United States. If you come under such a jurisdiction, you are not authorised to continue and must leave the Site immediately. If you do not come under such a jurisdiction, you can access the Site after having read and accepted the following conditions and terms.

CAPIOR ONLY OFFERS ITS SERVICES AND PRODUCTS WHERE IT IS ALLOWED TO DO SO; THEREFORE, NOT ALL OF OUR PRODUCTS OR SERVICES MAY BE AVAILABLE TO YOU

No portion of this Site constitutes investment, legal or other advice nor is it to be relied upon in making an investment decision and no portion of this Site constitutes an offer or an invitation to make an offer to sell securities or to provide investment services of any description. The information disseminated on the Site does not constitute an offer or a recommendation to make or liquidate an investment or carry out any other transaction. Any investment decision must be based on an analysis of the risks (including any legal, regulatory, tax or other consequence) related to the investment as well as on the relevant and specific advice of an independent professional. The material has been prepared for informational purposes only without regard to any particular objectives, financial situation, or means, and CAPIOR is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal.

PERFORMANCE AND RISKS

Past performance is no guarantee or indicator of future results. The value of investments may go up as well as down. An investment has risks, notably the risk of losing the amount invested.  

TAXATION

Tax treatment depends on the personal situation of each investor and can be subject to changes. Before taking any investment decision, investors are recommended to resort to the specific advice of a tax professional.

TRADEMARKS AND INTELLECTUAL PROPERTY

The trademarks, service marks, designs, and logos (collectively, the "Trademarks") displayed on the Site are the registered and unregistered Trademarks of CAPIOR and its licensors. All rights reserved. You agree that you will not refer to or attribute any information to CAPIOR or its licensors in any public medium for advertising or promotion purposes, or for the purpose of informing or influencing any third party and that you will not use or reproduce any Trademark of, or imply any endorsement by or relationship with, CAPIOR or its licensors.

Unless indicated otherwise, CAPIOR is the owner, or holder of the rights, of all the components that make up this Site, notably the data, charts and drawings. Any total or partial reproduction, representation, distribution or redistribution of the content of this Site through whatever process without the prior express authorisation of CAPIOR is prohibited.

GENERAL DISCLAIMERS

CAPIOR provides the Site only for your convenience. Neither CAPIOR, nor its affiliates, managing directors, partners, employees or other representatives, warrant that the Site will be uninterrupted or error-free; nor do they make any warranty as to the results that may be obtained from the use of the Site. No warranties made as to content; no responsibilities to update: CAPIOR makes no warranty, express or implied, concerning this service. CAPIOR expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability.  

This Site may contain hyperlinks to other websites. Navigation to such links is undertaken at your own risk. CAPIOR refuses to accept any liability regarding the content and any potential damage caused during visits to sites to which this Site leads through hyperlinks. Users visit the other sites under their own responsibility and at their own risk.

THE CONTENT AND FUNCTIONALITY ON THE SITE IS PROVIDED WITH THE UNDERSTANDING THAT CAPIOR IS NOT HEREIN ENGAGED IN RENDERING PROFESSIONAL ADVICE AND SERVICES TO YOU. ALL CONTENT AND FUNCTIONALITY ON THE SITE IS PROVIDED "AS IS," WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CAPIOR AND ITS THIRD-PARTY CONTENT PROVIDERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE OWNERSHIP, ACCURACY, OR ADEQUACY OF THE SITE CONTENT. CAPIOR  SHALL HAVE NO LIABILITY OR RESPONSIBILITY FOR ANY INFORMATION PUBLISHED ON LINKED WEB SITES, CONTAINED IN ANY USER SUBMISSIONS PUBLISHED ON THE SITE, OR PROVIDED BY THIRD PARTIES. NEITHER CAPIOR NOR ITS THIRD-PARTY CONTENT PROVIDERS SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES OR FOR LOST REVENUES OR PROFITS, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES AND REGARDLESS OF THE THEORY OF LIABILITY.

NO WARRANTIES MADE AS TO SECURITY

CAPIOR makes no warranty whatsoever to you, express or implied, regarding the security of the site, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through this service.

GENERALLY APPLICABLE DISCLAIMERS

The following is generally applicable to all electronic messages you receive from CAPIOR and its affiliates.

THIS IS A CONFIDENTIAL COMMUNICATION BETWEEN SENDER AND ITS INTENDED RECIPIENT

The information herein transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please delete the material from your computer and contact the sender.

INFORMATION MAY NOT BE SECURE WHEN TRANSMITTED OVER THE INTERNET

E-mail messages may not be secure and may be intercepted by third parties. CAPIOR makes no representation or warranty that electronic messages will be confidential. If you send us an e-mail containing confidential information about you, you agree that you do so at your own risk and that you hold each CAPIOR entity harmless from any loss that you may suffer as a result. Electronic messages may be intercepted or accessed by unauthorized or unintended parties, may not arrive at the intended destination, or may not arrive in the form transmitted. This message is not intended as an official communication. Unless otherwise agreed, an electronic message is not intended as an official document or confirmation, and we do not accept responsibility for, or guarantee it to be, accurate, timely, secure, error or virus-free. The information in this communication is provided purely as an informational courtesy. All representations and warranties are expressly disclaimed.

ELECTRONIC MESSAGES MAY BE DELAYED, AND INFORMATION IN ELECTRONIC MESSAGES MAY BE NOT BE UP TO DATE AND MAY NOT BE UPDATED

Electronic message communications cannot be guaranteed to be timely, secure or error free. Information provided speaks only as of its date. We have not undertaken, and will not undertake, any duty to update the information or otherwise advise you of changes in our opinion or in the research or information we make available to you.

THIS MESSAGE IS NOT AN OFFER (OR SOLICITATION OF AN OFFER) TO BUY OR SELL THE SECURITIES OR INSTRUMENTS THAT MAY BE MENTIONED

The Information is not, and should not be construed as, an offer, bid, recommendation or solicitation in relation to any financial instrument or investment or to participate in any particular trading strategy.

WE HAVE TAKEN PRECAUTIONS TO MINIMISE THE RISK OF TRANSMITTING SOFTWARE VIRUSES

However we advise you to carry out your own virus checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses.