Disclaimer

Artradis Fund Management User Agreement

By accessing or using this Artradis Fund Management ( Artradis ) web site, www.artradis.com (the "Site"),
you hereby accept and agree to comply with the terms and conditions set forth in this User Agreement. This
User Agreement is a binding agreement between you and Artradis, and governs your access and use of the Site,
which includes any information, products, data, services and other content (together, "Content") available on or
through the Site. Please read this User Agreement carefully before using the Site. Each time you use the Site,
your use indicates your acceptance of and agreement to abide by this User Agreement in its then current form.
If you do not accept the terms and conditions stated in this User Agreement, do not use the Site.
 

• Nothing on the Site is an offer or solicitation to buy or sell any security.
• Although the Site may include investment-related information, nothing on the Site is a recommendation that
  you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy.
• We do not give any advice or make any representations through the Site as to whether any security or investment
  is suitable to you or will be profitable.
• Nothing on the Site is intended to be, and you should not consider anything on the Site to be, investment,
  accounting, tax or legal advice.
• THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS
  NOT INDICATIVE OF FUTURE PERFORMANCE.
• Your right to use the Site is subject to your agreement to abide by this User Agreement in its entirety, as well
  as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site.
• At any time and for any reason we may revoke your right to use all or any portion of the Site.
• You may not violate or attempt to violate the security of the Site.
• We make reasonable efforts to provide accurate Content on the Site, but at times we may not promptly update
  or correct the Site even if we are aware that it is inaccurate, outdated or otherwise inappropriate.
• We may change all or any portion of the Site at any time without notice to you.
• We do not endorse the opinions of, or warrant the accuracy of facts or other Content contributed by, any third party.
• You agree that we are not liable for any action you take or decision you make in reliance on any Content.· Artradis
  Fund Management, artradis.com and other names and indicia of Artradis and its products and/or services are exclusive
  to Artradis. Other product and company names appearing on the Site may be trademarks of their respective owners.
• You may not decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of the Site.
• You may not publish, broadcast, retransmit, reproduce, repackage, frame, commercially exploit, create any derivative
  of or otherwise redistribute all or any portion of the Site except as explicitly permitted in this User Agreement.
• You may print copies of any accessible portion or portions of the Site only for your own personal use. You may discuss
  information that you learn from the Site with your financial, legal or tax advisors, and others with whom you share
  investment decisions.
• You represent and warrant that:
  - you have full authority and all rights necessary to enter into and fully perform all of your obligations pursuant to
  this User Agreement;
  - you have not and you will not enter into any agreement or perform any act which might contravene the purposes
  and/or effects of this User Agreement; and
  - you will not delete any Content on the Site.
• Artradis may provide you with a password to access certain areas of the Site.
• You are solely responsible for maintaining the confidentiality and security of your password. You may not disclose
  your password to any third party.
• You accept full responsibility for any use of your password.
• You must notify Artradis immediately of any actual or suspected loss, theft or unauthorized use of your password.
• We are not obligated to inquire as to the authority or propriety of any use of or action taken under your password.
  We will not be responsible for any loss to you that arises from such use or action or from your failure to comply
  with these provisions.· All or any portion of the Site may not be available and may not function properly at any time.
• We make reasonable efforts to avoid technological problems, but at any time the Site may have and may cause
  technological problems such as viruses and other damaging computer programming routines or engines.
• We take reasonable security precautions when using the Internet, telephone or other means to transport data or
  other communications, but we disclaim liability for any interception of data or communications.
• We make reasonable efforts to ensure that the Site is secure but we do not guarantee the security of the Site.
• We are not liable for any damage or injury caused by the performance or failure of performance of all or any portion
  of the Site.
• We are not liable for any defects, delays or errors in or resulting from your use of the Site.
• If you access any third party web site through the Site or otherwise, you do so at your own risk.
• Hyperlinks to or from the Site do not constitute third party endorsement, sponsorship or affiliation of, with or by us.
• We may investigate any complaint or reported violation of our policies.
• We may report any activity that we suspect may violate any law or regulation to regulators, law enforcement officials
  or other persons or entities that we deem appropriate.
• We may issue warnings, suspend or terminate use of the Site, deny access to all or part of the Site or take any other
  action that we deem appropriate.
• The site, including all content, is provided "as is" and "as available". We disclaim all representations and warranties,
  express or implied, of any kind with respect to the site and the content including warranties of
  - merchantability,
  - fitness for a particular purpose and
  - non-infringement of intellectual property and proprietary rights.
• Without limiting our general disclaimer, we do not warrant the availability, accuracy, completeness, timeliness, functionality,
  reliability, sequencing or speed of delivery of the site or the content.
• Artradis's liability with respect to the site and the content is limited to the maximum extent permitted by law.
• In no event will we or any of our affiliates, agents or employees be liable for any indirect, incidental, special, punitive or
  consequential damages however caused arising out of this user agreement, the site, the content, the inability to use the site,
  or transactions entered into through the site.
• This disclaimer of liability applies to any and all damages or injury, including those caused by any failure of performance, error,
  omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft,
  destruction or unauthorized access to, alteration of or use of any asset, whether for breach of contract, tortuous behavior,
  negligence or under any other cause of action.
• You agree to indemnify, defend and hold harmless Artradis and its affiliates, agents and employees from and against any and
  all suits, losses, claims, demands, liabilities, damages, costs and expenses (including reasonable attorneys' fees) that arise
  from or relate to:
  - your use of the Site,
  - your breach of this User Agreement or any representation, warranty or covenant made by you in this User Agreement,
  - your violation of any applicable law, statute, ordinance, regulation or of any third party's rights, or
  - claims asserted by third parties which, if proven, would place you in breach of representations, warranties, covenants or other
  provisions contained in this User Agreement.
• You hereby waive any objection to venue or inconvenient forum laid therein.
• You hereby irrevocably and unconditionally waive, to the fullest extent permitted by applicable law, any and all rights to trial by
  jury in all disputes arising from or relating to this User Agreement or your access to or use of the Site.
• Modifications will be effective immediately upon posting unless we indicate otherwise.
• Your use of the Site indicates your full acceptance of this User Agreement in its then-current form each time you use the Site.
• We may assign this User Agreement in whole or in part at any time without your consent. You may not assign this User
  Agreement or delegate any of your obligations under this User Agreement. Any purported assignment of this User
  Agreement in violation of its terms is void.
• If any provision of this User Agreement is found invalid or unenforceable, that provision shall be enforced to the maximum
  extent possible and the remaining provisions of the User Agreement shall remain in full force and effect.
• This User Agreement constitutes the entire understanding, and supersedes all other understandings, between you and Artradis
  concerning the subject matter hereof.